SEC Contract Filing

Filing Date: 2018-02-12

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d537193dex101.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">EXHIBIT 10.1 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">THIRD AMENDMENT,
CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT AND </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">OTHER LOAN DOCUMENTS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIRD AMENDMENT, CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS (this &#147;<B>Amendment</B>&#148;) is entered into as of
February&nbsp;12, 2018 among <B>IBG Borrower LLC</B>, a Delaware limited liability company (the &#147;<B>Borrower</B>&#148;), the Guarantors under the Agreement; each lender from time to time party hereto (collectively, the
&#147;<B>Lenders</B>&#148; and individually, a &#147;<B>Lender</B>&#148;); and <B>Cortland Capital Market Services LLC</B>, a Delaware limited liability company (&#147;<B>Cortland</B>&#148;) as Administrative Agent and Collateral Agent (Cortland,
together with its successors and assigns in such capacities, the &#147;<B>Agent</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower and the other Loan
Parties have entered into that certain Credit Agreement dated as of August&nbsp;2, 2017, among the Borrower, the Guarantors, the Lenders and the Agent (as amended by that Limited Waiver and Amendment No.&nbsp;1 dated as of October&nbsp;27, 2017 and
that Second Amendment, Consent and Limited Waiver to Credit Agreement dated as of November&nbsp;24, 2017 and as the same has been further amended, restated, amended and restated, supplemented or otherwise modified from time to time including by this
Amendment, the &#147;<B>Agreement</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has requested that in accordance with the Agreement, the Agent and
the Required Lenders (A)&nbsp;consent to (x)&nbsp;(i) one or more exchanges of the 2018 Convertible Notes for 5.75% Convertible Senior Subordinated Secured Second Lien Notes due 2023 issued pursuant to those certain Exchange Agreements dated as of
the date hereof between certain holders of the 2018 Convertible Notes and Parent, each substantially in the form attached hereto as Exhibit A (collectively with such other public or private exchange agreements entered into from time to time relating
to the 2023 Notes Indenture and in substantially the same form as Exhibit A with such changes as are necessary to reflect the different economic terms or registered nature of such exchange, the &#147;<B>Exchange Agreement</B>&#148; and each, an
&#147;<B>Exchange Agreement</B>&#148;) and that certain Indenture in the form attached hereto as Exhibit B, and with such administrative changes as are necessary to complete information currently bracketed or blank in the form and which will not be
available until the exchange has been consummated (the &#147;<B>2023 Notes Indenture</B>&#148; and such notes, the &#147;<B>2023 Notes</B>&#148;) to be entered into by, among others, Parent, as company, certain subsidiaries of the Parent (including
the Borrower) as guarantors (collectively, the &#147;<B>Note Guarantors</B>&#148; and each, a &#147;<B>Note Guarantor</B>&#148;) and The Bank of New York Mellon Trust Company, N.A., a national banking corporation, as the trustee and collateral agent
(called together with its successors and assigns in such capacity, the &#147;<B>Second Lien Agent</B>&#148;), (ii) the entrance by the Loan Parties into the Note Documents (as defined in the 2023 Notes<B> </B>Indenture) including the Note Security
Documents and the Note Guarantees pursuant to which the Note Guarantors guarantee the Note Obligations (as defined in the 2023 Notes<B> </B>Indenture and each in substantially the same form as the corresponding document with respect to the Loans)
and grant a junior security interest to the Second Lien Agent for the benefit of the holders of the 2023 Notes in the same assets of the Loan Parties which secure the Loans under the Agreement and (iii)&nbsp;the Agent and the Loan Parties entering
into that certain Intercreditor Agreement in the form attached hereto as Exhibit C, and with such administrative changes as are necessary to complete information currently bracketed or blank in the form and which will not be available until the
exchange has been consummated (the &#147;<B>2023 Notes Intercreditor Agreement</B>&#148;) with the Second Lien Agent (such transactions called together with the amendment to the Organization Documents of the Parent solely to increase the number of
authorized shares and/or effect a reverse stock split in the manner required to facilitate such transactions in the manner contemplated in the Exchange Agreements (the &#147;<B>Parent Organization Document Amendments</B>&#148;), the &#147;<B>2023
Notes Exchange Transactions</B>&#148;) and (y)&nbsp;the dissolution of <FONT STYLE="white-space:nowrap">ICL-Badgley</FONT> Mischka Limited (the &#147;<B>ICL Dissolution</B>&#148;) and (B)&nbsp;agree to make certain amendments and/or waive certain
provisions of the Agreement and the other Loan Documents solely as expressly set forth herein in order to facilitate (i)&nbsp;the 2023 Notes Exchange Transactions and the conversion rights described therein and (ii)&nbsp;the ICL Dissolution; </P>

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