SEC Contract Filing

Filing Date: 2018-05-11

Document Content:
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<TYPE>EX-10
<SEQUENCE>2
<FILENAME>d585666dex10.htm
<DESCRIPTION>EX-10
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<TITLE>EX-10</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 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">EIGHTH AMENDMENT dated as of May&nbsp;10, 2018 (this &#147;<U>Amendment</U>&#148;), to the Credit Agreement, dated as of
December&nbsp;15, 2014 (as amended by that certain First Amendment, dated as of March&nbsp;31, 2015, that certain Second Amendment, dated as of September&nbsp;28, 2015, that certain Resignation of Administrative Agent and Appointment of
Administrative Agent Agreement, dated as of February&nbsp;4, 2016, that certain Third Amendment, dated as of March&nbsp;1, 2016, that certain Fourth Amendment, dated as of July&nbsp;26, 2016, that certain Fifth Amendment, dated as of March&nbsp;3,
2017, that certain Sixth Amendment, dated as of November&nbsp;6, 2017, and that certain Seventh Amendment, dated as of March&nbsp;27, 2018, the &#147;<U>Credit</U><U></U><U>&nbsp;Agreement</U>&#148;), among WILLBROS GROUP, INC., a Delaware
corporation (the &#147;<U>Borrower</U>&#148;), the GUARANTORS from time to time party thereto, PRIMORIS SERVICES CORPORATION, a Delaware corporation (the &#147;<U>Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender</U>&#148;), KKR
CREDIT ADVISORS (US) LLC, as Arranger and Bookrunner, the LENDERS from time to time party thereto and CORTLAND CAPITAL MARKET SERVICES LLC, as Administrative Agent (in such capacity, the &#147;<U>Administrative Agent</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Loan Parties, the Administrative Agent and the Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender are parties to
the Credit Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has requested that the Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender
extend an Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan on the Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan Borrowing Date (as defined below) in a principal amount of $5,000,000, the proceeds of
which will be used as set forth in the Credit Agreement and the Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender desires to extend such Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan to the Borrower on and subject
to the terms and conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in further consideration of the premises and mutual covenants contained
herein, the parties hereto agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Defined Terms</U>. Capitalized terms used but not
defined herein (including the recitals hereto) shall have the meanings assigned to such terms in the Credit Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> </U><U>Loan</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the occurrence of each of the Amendment Effective Date (as defined below) and the Tranche A Additional <FONT
STYLE="white-space:nowrap">First-Out</FONT> Loan Borrowing Date, the Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender agrees to make an Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan (such Additional <FONT
STYLE="white-space:nowrap">First-Out</FONT> Loan, the &#147;<U>Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan</U>&#148;) to the Borrower in Dollars on the Tranche A Additional
<FONT STYLE="white-space:nowrap">First-Out</FONT> Loan Borrowing Date in a principal amount of $5,000,000 (the agreement of the Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender to make the Tranche A Additional <FONT
STYLE="white-space:nowrap">First-Out</FONT> Loan being referred to as the &#147;<U>Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan Commitment</U>&#148;). Subject to the terms and conditions of the Credit Agreement, the
Borrower may prepay the Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan but no amount paid or repaid with respect to the Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan may be reborrowed. The
Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan may be a Base Rate Loan or a Eurodollar Loan, as further provided in the Credit Agreement. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Initial <FONT STYLE="white-space:nowrap">First-Out</FONT> Lender
shall, before 2:00 p.m. (New York time) on the Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan Borrowing Date, make available to the Administrative Agent at its address referred to in Section&nbsp;10.02 of the Credit
Agreement, in immediately available funds in Dollars, the entire amount of the Tranche A Additional <FONT STYLE="white-space:nowrap">First-Out</FONT> Loan. P