SEC Contract Filing

Filing Date: 2019-06-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right;"><font style="font-weight: bold; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"><u> </u>Exhibit 10.1<br>
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 <div style="text-align: center;"><font style="font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"><u>SECOND AMENDMENT AND JOINDER TO</u></font></div>
 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>AMENDED AND RESTATED </u></font><font style="font-size: 10pt;
 font-family: 'Times New Roman';"><u>LOAN, GUARANTY AND SECURITY AGREEMENT</u></font></font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SECOND AMENDMENT AND JOINDER TO </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMENDED AND RESTATED </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LOAN, GUARANTY AND SECURITY AGREEMENT</font> (this &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Amendment</u></font>&#8221;) is dated as of May 31, 2019, and is entered into by and among <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TURTLE BEACH
 CORPORATION</font>, a Nevada corporation, formerly known as Parametric Sound Corporation (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>TBC</u></font>&#8221;), <font style="font-size: 10pt; font-family: 'Times New Roman';
 font-weight: bold;">VOYETRA TURTLE BEACH, INC.</font>, a Delaware corporation (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Voyetra</u></font>&#8221;; and together with TBC, individually as an, &#8220;<font style="font-size: 10pt;
 font-family: 'Times New Roman';"><u>Existing US Borrower</u></font>,&#8221; and individually and collectively, jointly and severally, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Existing US Borrowers</u></font>&#8221;), <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TBC HOLDING COMPANY LLC</font>, a Delaware limited liability company (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>TBC Holding</u></font>&#8221; or &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Additional US Borrower</u></font>&#8221;; and together with the Existing US Borrowers, individually, as a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>US Borrower</u></font>&#8221;
 and individually and collectively, jointly and severally, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>US Borrowers</u></font>&#8221;), <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TURTLE
 BEACH EUROPE LIMITED</font>, a company limited by shares and incorporated in England and Wales with company number&#160;03819186 (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Turtle Beach</u></font>,&#8221; also referred to hereinafter
 as &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>UK Borrower</u></font>&#8221;; and together with US Borrowers, individually, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Borrower</u></font>,&#8221; and individually
 and collectively, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Borrowers</u></font>&#8221;), <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">VTB HOLDINGS, INC.</font>, a Delaware corporation (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>VTB</u></font>&#8221; or &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Existing US Guarantor</u></font>&#8221;; and together with Existing US Borrowers, individually, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Existing UK Guarantor</u></font>,&#8221; and individually and collectively, jointly and severally, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Existing UK Guarantors</u></font>&#8221;;

 and together with Additional US Borrower, individually, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>UK Guarantor</u></font>&#8221; and individually and collectively, jointly and severally, the &#8220;<font style="font-size: 10pt;
 font-family: 'Times New Roman';"><u>UK Guarantors</u></font>&#8221;; UK Guarantors and Existing US Guarantor, individually, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Guarantor</u></font>,&#8221; and individually and collectively, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Guarantors</u></font>&#8221;), the financial institutions party hereto as lenders (collectively, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Lenders</u></font>&#8221;), and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BANK OF AMERICA, N.A.</font>, a national banking association, as administrative agent, collateral agent and security trustee for Lenders (in such capacities, together
 with its successors and assigns in such capacities, &#8220;<font style="font-