SEC Contract Filing

Filing Date: 2019-05-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>exhibit101loanagreementd.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD><!-- Document generated by Workiva Inc -->
<TITLE>exhibit101loanagreementd</TITLE>
</HEAD>
<BODY bgcolor="white">
<DIV align="center">
<DIV style="margin-left:1em;width:965;"><!-- exhibit101loanagreementd001.jpg -->
<DIV style="padding-top:2em;">
<IMG src="exhibit101loanagreementd001.jpg" title="slide1" width="965" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white"> Exhibit 10.1 DATED 13 May 2019 Between KVH MEDIA GROUP LIMITED as Lender and PELICAN HOLDCO LIMITED as Borrower _________________________________________ LOAN AGREEMENT _________________________________________ Paul Hastings (Europe) LLP Ten Bishops Square, Eighth Floor London, E1 6EG Tel: +44 20 3023 5100 Fax: +44 20 3023 5109 </FONT></DIV>
<P><HR noshade><P>
<DIV style="page-break-before:always;">&nbsp;</DIV>
</DIV>
<!-- exhibit101loanagreementd002.jpg -->
<DIV style="padding-top:2em;">
<IMG src="exhibit101loanagreementd002.jpg" title="slide2" width="965" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white"> Table of Contents Page 1. DEFINITIONS AND INTERPRETATION ................................................................ 1 2. THE ADVANCE .......................................................................................................... 2 3. PURPOSE ................................................................................................................... 2 4. INTEREST ................................................................................................................... 2 5. REPAYMENT .............................................................................................................. 3 6. VOLUNTARY PREPAYMENT ................................................................................. 3 7. PAYMENTS AND SET OFF ..................................................................................... 3 8. FURTHER ASSURANCE ......................................................................................... 3 9. ENTIRE AGREEMENT ............................................................................................. 3 10. WAIVER AND VARIATION....................................................................................... 4 11. INVALIDITY ................................................................................................................. 4 12. ASSIGNMENT ............................................................................................................ 4 13. RIGHTS OF THIRD PARTIES ................................................................................. 4 14. COUNTERPARTS ..................................................................................................... 4 15. GOVERNING LAW AND JURISDICTION .............................................................. 4 i </FONT></DIV>
<P><HR noshade><P>
<DIV style="page-break-before:always;">&nbsp;</DIV>
</DIV>
<!-- exhibit101loanagreementd003.jpg -->
<DIV style="padding-top:2em;">
<IMG src="exhibit101loanagreementd003.jpg" title="slide3" width="965" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white"> THIS AGREEMENT is made on 13 May 2019 BETWEEN (1) KVH MEDIA GROUP LIMITED, a company incorporated in England and Wales with registered number 06462774 and having its registered office at 2a Queen Street, Leeds, West Yorkshire LS1 2TW (the &quot;Lender&quot;); and (2) PELICAN HOLDCO LIMITED, a company incorporated in England and Wales with registered number 11988300 and having its registered office at 3 Cadogan Gate, London, England SW1X 0AS (the &quot;Borrower&quot;). WHEREAS The Lender wishes to make a loan in the aggregate amount of USD 89,386,997 available to the Borrower on the terms set out in this Agreement. IT IS AGREED THAT 1. DEFINITIONS AND INTERPRETATION 1.1 In this Agreement, unless the context otherwise requires: &quot;Acquisition&quot; means the acquisition by the Borrower of the shares of each of the Targets on the terms of the Acquisition Agreement; &quot;Acquisition Agreement&quot; means the share purchase agreement dated on or around the date hereof between, amongst others, the Borrower as purchaser and the Lender as seller in relation to the Acquisition; &quot;Advance&quot; means the advance of an aggregate principal amount of USD 89,386,997 to be made by the Lender to the Borrower; &quot;Advance Date&quot; means the date on which the Advance is made, which date shall be the date of closing of the Acquisition in accordance with the terms of the Acquisition Agreement; &quot;Business Day&quot; means a day (other than a Saturday or Sunday) on which banks are open for ordinary banking business in the country of incorporation of both the Lender and the Borrower; &quot;Documentary CPs&quot; means the Security Documents and the Equity Commitment Letter; &quot;Equity Commitment Letter&quot; means the equity commitment letter dated on or around the date hereof from Oakley Capital IV Master SCSp (as Investor) to the Borrower and the Lender &quot;Interest Rate&quot; means: (a) on and from the Advance Date until and including the date falling fifteen (15) Business Days after the Advance Date, five (5) per cent. per annum; and (b) on and from the day after the date falling fifteen (15) Business Days after the Advance Date until and including the Maturity Date, twelve (12) per cent. per annum; &quot;Maturity Date&quot; means thirty (30) Business Days after the Advance Date; &quot;Security Documents&quot; means the share charges to be granted on around the date hereof by the Borrower in favour of the Lender in respect of the shares owned or to be owned by the Borrower in the Targets following the Acquisition; and 1 </FONT></DIV>
<P><HR noshade><P>
<DIV style="page-break-before:always;">&nbsp;</DIV>
</DIV>
<!-- exhibit101loanagreementd004.jpg -->
<DIV style="padding-top:2em;">
<IMG src="exhibit101loanagreementd00