SEC Contract Filing

Filing Date: 2018-02-01

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d502956dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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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="right"><B>EXECUTION VERSION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FIRST
AMENDMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">FIRST AMENDMENT, dated as of January&nbsp;31, 2018 (this &#147;<U>Amendment</U>&#148;), to the Credit Agreement, dated as
of June&nbsp;29, 2017 (as amended, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), among Verint Systems Inc., a Delaware Corporation (the &#147;<U>Company</U>&#148;), the Restricted Subsidiary
Borrowers from time to time parties thereto (together with the Company, the &#147;<U>Borrowers</U>&#148;; each, a &#147;<U>Borrower</U>&#148;), the several banks and other financial institutions or entities from time to time parties thereto (the
&#147;<U>Lenders</U>&#148;), JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the &#147;<U>Administrative Agent</U>&#148;) and the other agents parties thereto. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W</U>&nbsp;<U>I</U>&nbsp;<U>T</U>&nbsp;<U>N</U>&nbsp;<U>E</U>&nbsp;<U>S</U>&nbsp;<U>S</U>&nbsp;<U>E</U>&nbsp;<U>T</U>&nbsp;<U>H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to the
Borrowers; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has requested that the outstanding Initial Term Loans be refinanced with a new term facility (the
&#147;<U>Refinancing Term Loan Facility</U>&#148;) in accordance with Section&nbsp;2.26 of the Credit Agreement by obtaining Refinancing Term Loan Commitments (as defined in Section&nbsp;5 of this Amendment) and having existing Initial Term Loans be
continued as Refinancing Term Loans (as defined below) as provided herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, JPMorgan Chase Bank, N.A. is the lead arranger and
bookrunner for the Refinancing Term Loan Facility (in such capacity, the &#147;<U>Lead Arranger</U>&#148;) for the Refinancing Term Loan Facility; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the loans under the Refinancing Term Loan Facility (the &#147;<U>Refinancing Term Loans</U>&#148;) will replace and refinance the
currently outstanding Initial Term Loans; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, except as otherwise provided herein, the Refinancing Term Loans will have the same
terms as the Initial Term Loans currently outstanding under the Credit Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, each existing Term Loan Lender that executes
and delivers a Lender Addendum (Cashless Roll) attached hereto (a &#147;<U>Lender Addendum (Cashless Roll)</U>&#148;) and in connection therewith agrees to continue all of its outstanding Initial Term Loans as Refinancing Term Loans (such continued
Initial Term Loans, the &#147;<U>Continued Term Loans</U>&#148;, and such Lenders, collectively, the &#147;<U>Continuing Term Lenders</U>&#148;) will thereby (i)&nbsp;agree to the terms of this Amendment and (ii)&nbsp;agree to continue all of its
existing Initial Term Loans (such existing Initial Term Loans, the &#147;<U>Existing Term Loans</U>&#148;, and the Lenders of such Existing Term Loans, collectively, the &#147;<U>Existing Term Lenders</U>&#148;) outstanding on the First Amendment
Effective Date (as defined below) as Refinancing Term Loans in a principal amount equal to the aggregate principal amount of such Existing Term Loans so continued (or such lesser amount as notified to such Lender by the Administrative Agent prior to
the First Amendment Effective Date); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, subject to the preceding recitals, each Person (other than a Continuing Term Lender in its
capacity as such) that executes and delivers a Lender Addendum (Additional Term Lender) attached hereto (a &#147;<U>Lender Addendum (Additional Term Lender)</U>&#148; and, together with a Lender Addendum (Cashless Roll), a &#147;<U>Lender
Addendum</U>&#148;)) and agrees in connection therewith to make Refinancing Term Loans (collectively, the &#147;<U>Additional Term Lenders</U>&#148;) will thereby (i)&nbsp;agree to the terms of this Amendment and (ii)&nbsp;commit to make Refinancing
Term Loans to the Company on the First Amendment Effective Date (the &#147;<U>Additional Term Loans</U>&#148;) in such amount (not in excess of any such commitment) as is determined by the Administrative Agent and notified to such Additional Term
Lender; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the proceeds of the Additional Term Loans will be used by the Company to repay in full
the outstanding principal amount of the Existing Term Loans that are not continued as Refinancing Term Loans by