SEC Contract Filing

Filing Date: 2016-10-06

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d249096dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</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 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 7 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AMENDMENT NO. 7 TO THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT (this &#147;<B><U>Amendment</U></B>&#148;) is made as of
September 30, 2016, by and among THE BANK OF NOVA SCOTIA, a Canadian chartered bank (the &#147;<B><U>Metal Lender</U></B>&#148;); MATERION CORPORATION (f/k/a Brush Engineered Materials Inc.), an Ohio corporation (&#147;<B><U>BEM</U></B>&#148;);
MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES INC. (f/k/a Williams Advanced Materials Inc.), a New York corporation (&#147;<B><U>WAM</U></B>&#148;); MATERION TECHNICAL MATERIALS INC. (f/k/a Technical Materials, Inc.), an Ohio corporation
(&#147;<B><U>TMI</U></B>&#148;); MATERION BRUSH INC. (f/k/a Brush Wellman Inc.), an Ohio corporation (&#147;<B><U>BWI</U></B>&#148;); MATERION TECHNOLOGIES INC. (f/k/a Zentrix Technologies Inc.), an Arizona corporation
(&#147;<B><U>ZTI</U></B>&#148;); MATERION BREWSTER LLC (f/k/a Williams Acquisition, LLC), a New York limited liability company d/b/a Pure Tech (&#147;<B><U>Pure Tech</U></B>&#148;); MATERION PRECISION OPTICS AND THIN FILM COATINGS CORPORATION (f/k/a
Thin Film Technology, Inc.), a California corporation (&#147;<B><U>TFT</U></B>&#148;); MATERION LARGE AREA COATINGS LLC (f/k/a Techni-Met, LLC), a Delaware limited liability company (&#147;<B><U>TML</U></B>&#148;); MATERION ADVANCED MATERIALS
TECHNOLOGIES AND SERVICES CORP. (f/k/a Academy Corporation), a New Mexico corporation (&#147;<B><U>AC</U></B>&#148;); and such other Subsidiaries of BEM who may from time to time become parties by means of their execution and delivery with the Metal
Lender of a Joinder Agreement under the Precious Metals Agreement (as defined below). BEM, WAM, TMI, BWI, ZTI, Pure Tech, TFT, TML, AC and such Subsidiaries are herein sometimes referred to collectively as the &#147;<B><U>Customers</U></B>&#148; and
each individually as a &#147;<B><U>Customer</U></B>&#148;. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WITNESSETH: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Metal Lender and the Customers are parties to a certain Third Amended and Restated Precious Metals Agreement, effective as of
October 1, 2010, as amended by that certain Amendment No. 1, dated as of March 31, 2011, that certain Amendment No. 2, dated as of August 18, 2011, that certain Amendment No. 3, dated as of October 17, 2011; that certain Amendment No. 4, dated as of
September 13, 2013; that certain Amendment No. 5, dated as of January 13, 2015; and that certain Amendment No. 6, dated as of April 10, 2015 (as amended, the &#147;<B><U>Precious Metals Agreement</U></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto desire to amend certain provisions of the Precious Metals Agreement as hereinafter provided; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for value received and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the parties hereto hereby amend the Precious Metals Agreement and agree, effective as of the date first written above, as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.
<U>Amendments</U>.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The definition of &#147;Applicable Margin&#148; appearing in Section 1 of the Precious Metals Agreement is hereby
amended and restated in its entirety to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Applicable Margin</U></B>&#148; has the meaning set forth in that
certain Confidential Fee Letter, dated as of September 30, 2016, among the Metal Lender, on the one hand, and the Customers, on the other hand. </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) The definition of &#147;Maturity Date&#148; appearing in Section 1 of the Precious Metals
Agreement is hereby amended and restated in its entirety to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Maturity Date</U></B>&#148; means
September&nbsp;30, 2019. Any obligations of the Customers under this Agreement which are not paid when due on or before the Maturity Date shall remain subject to the provisions of this Agreement until all Obligations are paid and performed in full.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;Recalculation Statement&#148; appearing in Section 1 of the Precious Metals Agreement and its related definition are
hereby deleted in their