SEC Contract Filing

Filing Date: 2021-11-30

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d249302dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 2 TO MERGER AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This AMENDMENT NO. 2 TO MERGER AGREEMENT, dated as of November&nbsp;29, 2021 (this &#147;<U>Amendment</U>&#148;), is made and entered into by
and among (i)&nbsp;GigCapital4, Inc., a Delaware corporation (&#147;<U>Acquiror</U>&#148;), (ii) GigCapital4 Merger Sub Corporation, a Delaware corporation and a direct wholly owned subsidiary of Acquiror (&#147;<U>Merger Sub</U>&#148;), (iii)
BigBear.ai Holdings, LLC, a Delaware limited liability company (formerly known as Lake Intermediate, LLC) (the &#147;<U>Company</U>&#148;), and (iv)&nbsp;BBAI Ultimate Holdings, LLC, a Delaware limited liability company (&#147;<U>Holdings</U>&#148;,
and together with Acquiror, Merger Sub and the Company, the &#147;<U>Parties</U>&#148;). Capitalized terms used but not defined herein shall have the meanings specified in the Merger Agreement (as defined below). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, on
June&nbsp;4, 2021, the Parties entered into an Agreement and Plan of Merger, as amended by the Amendment to Merger Agreement, dated August&nbsp;6, 2021 (as amended, the &#147;<U>Merger Agreement</U>&#148;), pursuant to which, among other matters, at
the Closing, (i)&nbsp;Merger Sub will merge with and into the Company (the &#147;<U>First Merger</U>&#148;) (with the Company surviving such merger (the &#147;<U>Initial Surviving Company</U>&#148;) as a wholly-owned subsidiary of Acquiror), and
(ii)&nbsp;immediately following the First Merger and as part of the same overall transaction as the First Merger, the Initial Surviving Company will merge with and into Acquiror (the &#147;<U>Second Merger</U>&#148;), with Acquiror being the
surviving company of the Second Merger, in each case upon the terms and subject to the conditions set forth therein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in
accordance with Section&nbsp;13.10 of the Merger Agreement, the Parties desire to further amend the Merger Agreement as provided in this Amendment; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the respective boards of directors and board of managers, as applicable, of each of the Parties have approved this Amendment and
determined that it is fair to, advisable for and in the best interests of such Parties and their respective stockholders or members, as applicable, to enter into this Amendment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1.
<U>Amendment to definition of &#147;Company Equity Value</U>.&#148; The defined term &#147;Company Equity Value&#148; set forth in Section&nbsp;1.01 of the Merger Agreement is hereby amended and restated in its entirety to read as follows, in order
to reflect a reduction in the stated amount: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Equity Value</U>&#148; means $1,125,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendment to definition of &#147;Note Subscription Agreement</U>.&#148; The tenth Recital of the Merger Agreement is hereby
amended and restated in its entirety to read as follows, in order to reflect an amendment to the definition of &#147;Note Subscription Agreement&#148;: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, on or prior to the date hereof, Acquiror has obtained commitments from certain investors for the purchase from
Acquiror of convertible senior notes (the &#147;<U>Notes</U>&#148;), pursuant to the terms of one or more convertible note subscription agreements, as amended by that certain Amendment to Note Subscription Agreement, dated as of November&nbsp;29,
2021 (each, as amended, a &#147;<U>Note Subscription Agreement</U>&#148;), subject to the terms of an Indenture to be entered into in connection with the Closing between Acquiror and Wilmington Trust, National Association, a national banking
association, in its capacity as trustee thereunder (the &#147;<U>Indenture</U>&#148;), such note financing (the &#147;<U>Note Financing</U>&#148;) to be consummated immediately prior to the consummation of the Transactions; and </P>
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