SEC Contract Filing

Filing Date: 2024-02-26

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d774043dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <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:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION COPY </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 3
TO THE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Dated as of February&nbsp;23, 2024 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>AMENDMENT NO. 3 TO THE CREDIT AGREEMENT</B> (this &#147;<U>Amendment</U>&#148;) among JABIL INC., a Delaware corporation (the
&#147;<U>Company</U>&#148;), the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the &#147;<U>Lenders</U>&#148;) and CITIBANK, N.A., as agent (the
&#147;<U>Agent</U>&#148;) for the Lenders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>PRELIMINARY STATEMENTS:</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(1) The Company, the Lenders and the Agent have entered into a Credit Agreement dated as of January&nbsp;22, 2020, as amended by Amendment
No.&nbsp;1 dated as of April&nbsp;28, 2021 and by Amendment No.&nbsp;2 dated as of February&nbsp;10, 2023 (as so amended, the &#147;<U>Credit Agreement</U>&#148;). Capitalized terms not otherwise defined in this Amendment have the same meanings as
specified in the Credit Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(2) Pursuant to Section&nbsp;2.20 of the Credit Agreement, the Company has requested that the
Termination Date (a)&nbsp;with respect to any Tranche A Lender be extended to January&nbsp;22, 2028 and (b)&nbsp;with respect to any Tranche B Lender be extended to January&nbsp;22, 2026. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(3) The Company has requested certain amendments to the Credit Agreement, and the parties hereto agree to such amendments as set forth in, and
in accordance with the terms and conditions of, this Amendment (the Credit Agreement as so amended, the &#147;<U>Amended Credit Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Consent to Extension Request</U>. Each Lender so indicating on its signature page to this Amendment agrees to extend the
Termination Date with respect to its Tranche A Commitment for a period of one year, expiring January&nbsp;22, 2028 and to extend the Termination Date with respect to its Tranche B Commitment for a period of one year, expiring January&nbsp;22, 2026
(each such Lender, an &#147;<U>Extending Lender</U>&#148;). This agreement to extend the Termination Date is subject in all respects to the terms of the Credit Agreement, other than the provisions of Section&nbsp;2.20 of the Credit Agreement that
specify the date by which the Company must submit an extension request, the date by which Extending Lenders submit responses or the date by which the Agent must notify the Company of each Appropriate Lender&#146;s determination, which provisions are
hereby waived. For the avoidance of doubt, upon satisfaction (or waiver) of the applicable conditions set forth in Section&nbsp;4 below, the extension of the Termination Date of each Extending Lender shall be effective on February&nbsp;23, 2024.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendments to Credit Agreement</U>. As of the Amendment Effective Date (as defined below), subject to the satisfaction (or
waiver) of the conditions precedent set forth in Section&nbsp;5 below, the Lenders and the Company hereby agree to amend the Credit Agreement to delete the stricken text (indicated textually in the same manner as the following example: <FONT
STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#ff0000"><STRIKE>stricken text</STRIKE></FONT><FONT STYLE="font-family:Times New Roman">) and to add the double-underlined text (indicated textually in the same manner as the following
example: </FONT><FONT STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#0000ff"><U STYLE="border-bottom:1pt double; padding-bottom:1pt">double-underlined text</U></FONT><FONT STYLE="font-family:Times New Roman">) as set forth in the pages
of the Amended Credit Agreement attached as Annex A hereto. </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Waiver; Assignments</U>. The requirements of Section&nbsp;9.07 of the Credit
Agreement are, effective as of the date hereof and subject to the satisfaction (or waiver) of the conditions precedent set forth in Section&nbsp;6 below, hereby waived to the extent that such Section requires execution and delivery of an Assignment
and Assumption from each Lender whose Commitment(s) are increased in accordance with Schedule I of the Amended Credit Agreement. By execution of this Amendment, ea