SEC Contract Filing

Filing Date: 2024-03-25

Document Content:
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<TYPE>EX-10.2
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<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>U.S. STOCK PLEDGE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS U.S. STOCK PLEDGE AGREEMENT (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time,
this &#147;<U>Pledge Agreement</U>&#148;) is entered into as of March&nbsp;25, 2024, by and among <FONT STYLE="white-space:nowrap">LI-CYCLE</FONT> AMERICAS CORP., an Ontario corporation (&#147;<U><FONT STYLE="white-space:nowrap">Li-Cycle</FONT>
Americas</U>&#148;) and each other Subsidiary of the Issuer (as defined below) that becomes a party hereto from time to time pursuant to <U>Section</U><U></U><U>&nbsp;7.10</U> <FONT STYLE="white-space:nowrap">(Li-Cycle</FONT> Americas, and each such
subsidiary, collectively, the &#147;<U>Grantors</U>&#148;) and Glencore Canada Corporation, having an office at 100, King Street West, Suite 6900, Toronto, ON, M5X 1E3, Canada with company number 1947729 as Collateral Agent (as defined below). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRELIMINARY STATEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><FONT
STYLE="white-space:nowrap">Li-Cycle</FONT> Holdings Corp., an Ontario corporation (the &#147;<U>Issuer</U>&#148;), the direct or indirect parent of the Grantors, the Purchaser, and the Collateral Agent, among others, are entering into Amended and
Restated Note Purchase Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the &#147;<U>Note Purchase Agreement</U>&#148;). The Grantors are entering into this Pledge Agreement in order to induce
the Purchaser to enter into the Note Purchase Agreement and purchase the Note issued by the Issuer thereunder, and to secure the Obligations (as defined in the Note) and their obligations under the Note Guaranty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ACCORDINGLY, the parties hereto agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE 1 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEFINITIONS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.01. <I>Terms Defined in Note</I>. All capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in
the Note or the Note Purchase Agreement, as applicable. The terms of Section&nbsp;17 of the Note shall apply to this Pledge Agreement, <I>mutatis mutandis.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.02. <I>Terms Defined in UCC</I>. Terms defined in the UCC that are not otherwise defined in this Pledge Agreement or the Note Purchase
Agreement are used herein as defined in Articles 8 or 9 of the UCC, as the context may require (including without limitation, as if such terms were capitalized in Article 8 or 9 of the UCC, as the context may require, the following terms:
&#147;<U>Account</U>&#148;, &#147;<U>Chattel Paper</U>&#148;, &#147;<U>Commercial Tort Claim</U>&#148;, &#147;<U>Commodities Account</U>&#148;, &#147;<U>Deposit Accounts</U>&#148;, &#147;<U>Document</U>&#148;, &#147;<U>Electronic Chattel
Paper</U>&#148;, &#147;<U>Equipment</U>&#148;, &#147;<U>Fixture</U>&#148;, &#147;<U>General Intangible</U>&#148;, &#147;<U>Goods</U>&#148;, &#147;<U>Instruments</U>&#148;, &#147;<U>Inventory</U>&#148;, &#147;<U>Investment Property</U>&#148;,
&#147;<U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Letter-of-Credit</FONT></FONT> Right</U>&#148;, &#147;<U>Securities Account</U>&#148;, &#147;<U>Securities Entitlement</U>&#148;, &#147;<U>Supporting Obligation</U>&#148; and
&#147;<U>Tangible Chattel Paper</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.03. <I>Definitions of Certain Terms Used Herein</I>. As used in this Pledge Agreement, in
addition to the terms defined in the preamble and Preliminary Statement above, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Article</U>&#148; means a numbered article of this Pledge Agreement, unless another document is specifically referenced. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Collateral</U>&#148; has the meaning set forth in <U>Article 2</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Collateral Agent</U>&#148; has the meaning set forth in the Note Purchase Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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