SEC Contract Filing

Filing Date: 2022-11-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>wts-20220925xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 11/3/2022 02:19:25 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:12pt;text-align:right;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">Exhibit 10.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;min-height:0.0pt;padding-bottom:24pt;text-align:center;background:#ffffff;margin:0pt;">AMENDMENT NO. 1</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;min-height:0.0pt;padding-bottom:24pt;text-align:center;background:#ffffff;margin:0pt;">Dated as of August 2, 2022</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;min-height:0.0pt;padding-bottom:24pt;text-align:center;background:#ffffff;margin:0pt;">to</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;min-height:0.0pt;padding-bottom:24pt;text-align:center;background:#ffffff;margin:0pt;">SECOND AMENDED AND RESTATED CREDIT AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;min-height:0.0pt;padding-bottom:24pt;text-align:center;background:#ffffff;margin:0pt;">Dated as of March 30, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;min-height:0.0pt;padding-bottom:12pt;text-indent:36pt;background:#ffffff;margin:0pt;">THIS AMENDMENT NO. 1 (this &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Amendment</u>&#8221;) is made as of August 2, 2022 by and among Watts Water Technologies, Inc. (the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Company</u>&#8221;), WWT International Holding B.V. (the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Initial Dutch Borrower</u>&#8221;), the financial institutions listed on the signature pages hereof as the Lenders, each Issuing Bank, the Swingline Lender and JPMorgan Chase Bank, N.A., as Administrative Agent (the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrative Agent</u>&#8221;), under that certain Second Amended and Restated Credit Agreement dated as of March 30, 2021 by and among the Borrower, the Initial Dutch Borrower, the other Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent ( the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Existing Credit Agreement</u>&#8221; and as amended by this Amendment and as further amended, restated, supplemented or otherwise modified from time to time, the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Credit Agreement</u><font style="white-space:pre-wrap;">&#8221;). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Existing Credit Agreement.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;min-height:0.0pt;padding-bottom:12pt;text-indent:36pt;background:#ffffff;margin:0pt;">WHEREAS, the parties hereto agree to amend certain provisions of the Existing Credit Agreement as set forth herein;</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;min-height:0.0pt;padding-bottom:12pt;text-indent:36pt;background:#ffffff;margin:0pt;">NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the Initial Dutch Borrower, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-left:0pt;min-height:0.0pt;padding-bottom:12pt;text-align:justify;text-indent:36pt;background:#ffffff;"><font style="display:inline-block;font-size:11pt;min-width:36pt;text-decoration-line:none;text-indent:0pt;text-transform:uppercase;vertical-align:baseline;white-space:nowrap;">1.</font><u style="font-size:11pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Amendment to the Existing Credit Agreement</u><font style="font-size:11pt;">. &#160;Upon satisfaction of the conditions precedent set forth in </font><u style="font-size:11pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Section 2</u><font style="font-size:11pt;"> below, the Existing Credit Agreement (including Exhibits I-1, I-2 and J thereto, but excluding the Commitment Schedule, all other Schedules and all Exhibits (other than Exhibits I-1, I-2 and J thereto), which shall remain in the form most recently delivered) is hereby amended by (i) deleting the stricken text (indicated textually in the same manner as the following example: </font><font style="color:#ff0000;font-size:11pt;text-decoration-line:line-through;text-decoration-style:solid;">stricken text</font><font style="font-size:11pt;">), and (ii) adding the dou