SEC Contract Filing

Filing Date: 2024-02-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d736991dex101.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="right"><B>Execution Version </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AMENDMENT NO. 2 TO CREDIT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT (this &#147;<U>Agreement</U>&#148; or &#147;<U>Second Amendment</U>&#148;), dated as of
February&nbsp;6, 2024, is entered into among SIRIUSPOINT LTD. (F/K/A THIRD POINT REINSURANCE LTD.) (the &#147;<U>Borrower Representative</U>&#148;), the Lenders party hereto (which constitute Required Lenders (as defined in the Credit Agreement)
under the Credit Agreement), the other Lenders (as defined in the Amended Credit Agreement (as defined below)) party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the &#147;<U>Administrative Agent</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>RECITALS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the
Borrower Representative, the Co-Borrowers and Guarantors from time to time party thereto, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, are party to the Credit Agreement, dated as of
November&nbsp;2, 2020 (as amended by that Amendment No.&nbsp;1, dated as of June&nbsp;15, 2023 and as further amended, modified, extended, restated, replaced, or supplemented from time to time prior to the date hereof, the &#147;<U>Credit
Agreement</U>&#148; and, as amended by this Agreement, the &#147;<U>Amended Credit Agreement</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower
Representative desires to amend the Credit Agreement to, among other things, extend the Maturity Date (as defined in the Credit Agreement); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Lenders party to the Credit Agreement immediately prior to the effectiveness of this Agreement holding at least 50% of the
Commitments (determined prior to the effectiveness of this Agreement) have timely delivered to the Administrative Agent notices agreeing to extend the Maturity Date as defined in the Credit Agreement (for the avoidance of doubt, this Agreement
constitutes such notice). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&#8195;
<U>Defined Terms</U>. Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Amended Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&#8195; <U>Agreement</U>. Effective as of the Second Amendment Effective Date, the Credit Agreement is hereby amended 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 attached as Exhibit A hereto. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&#8195;
<U>Commitment Reallocation.</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&#8195; Upon giving effect to this Agreement on the Second Amendment Effective Date, any Loans
outstanding under the Credit Agreement (as in effect immediately prior to the Second Amendment Effective Date) shall be reallocated among the Lenders in accordance with their respective Credit Exposure, with such reallocations to be effected on the
date hereof, including through the funding of replacement Loans by certain Lenders (the &#147;<U>New Lenders</U>&#148;) and/or the paydown of a portion of the principal amount of certain existing Loans to certain Lenders (with this Agreement
satisfying any notice required by the terms of the Credit Agreement), in each case, in the amounts set forth on<U> Schedule 1</U> hereto, such that after giving effect to such reallocation, the aggregate outstanding Loans on and after the Second
Amendment Effective Date shall equal the aggregate outstanding Loans prior to the effectiveness of this Agreement, and each Lender&#146;s pro rata share of the Loans shall equal such Lender&#146;s pro rata share of the Commitments. Each of the
Lenders and Loan Parties party hereto hereby (i)&nbsp;authorize and direct the </P>
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