SEC Contract Filing

Filing Date: 2016-07-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>guarantyandsecurityagreeme.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<div><a name="sd59bb27def284ae5aa0577f6e771c188"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.3</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">GUARANTY AND SECURITY AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">GUARANTY AND SECURITY AGREEMENT</font><font style="font-family:inherit;font-size:11pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), dated as of May 26, 2016, among the Persons listed on the signature pages hereof as &#8220;Grantors&#8221; and those additional entities that hereafter become parties hereto by executing the form of Joinder attached hereto as </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Annex 1</font><font style="font-family:inherit;font-size:11pt;">&#32;(each, a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grantor</font><font style="font-family:inherit;font-size:11pt;">&#8221; and collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grantors</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WELLS FARGO BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:11pt;">, a national banking association (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Wells Fargo</font><font style="font-family:inherit;font-size:11pt;">&#8221;), in its capacity as agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:32px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">W I T N E S S E T H:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, pursuant to that certain Credit Agreement of even date herewith (as amended, restated, supplemented, or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) by and among Brooks Automation, Inc., as borrower (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the other borrowers party thereto as &#8220;Borrowers&#8221; (each of such Borrowers, together with the Administrative Borrower, their successors and assigns, is referred to hereinafter collectively as a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the guarantors party thereto as &#8220;Guarantors&#8221; (each of such Guarantors, together with their successors and assigns, is referred to hereinafter collectively as a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Guarantor</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the lenders party thereto as &#8220;Lenders&#8221; (each of such Lenders, together with their successors and assigns, is referred to hereinafter collectively as a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Agent, and Wells Fargo as lead arranger, sole book runners and sole documentation agent, the Lender Group has agreed to make certain financial accommodations available to Borrower from time to time pursuant to the terms and conditions thereof.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, Agent has agreed to act as agent for the benefit of the Lender Group and the Bank Product Providers in connection with the transactions contemplated by the Credit Agreement and this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, in order to induce the Lender Group to enter into the Credit Agreement and the other Loan Documents, to induce the Bank Product Providers to enter into the Bank Prod