SEC Contract Filing

Filing Date: 2020-06-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tpic-ex101_26.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:right;margin-bottom:24pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXECUTION COPY</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT NO. 2</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dated as of June 29, 2020</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CREDIT AGREEMENT</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dated as of April 6, 2018</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS AMENDMENT NO. 2 (this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;) is made as of June 29, 2020 by and among TPI COMPOSITES, INC. a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;), the financial institutions listed on the signature pages hereof and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the &#8220;<font style="text-decoration:underline;">Administrative Agent</font>&#8217;), under that certain Credit Agreement dated as of April 6, 2018 by and among the Borrower, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;).&nbsp;&nbsp;Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrower has requested that the requisite Lenders and the Administrative Agent agree to make certain amendments to the Credit Agreement;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent have so agreed on the terms and conditions set forth herein;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;text-transform:uppercase;font-family:Times New Roman;font-weight:normal;font-style:normal;font-variant: normal;">1.<font style="margin-left:0pt;"></font><font style="text-decoration:underline;text-transform:none;color:#000000;">Amendments to the Credit Agreement</font><font style="text-transform:none;color:#000000;">.&nbsp;&nbsp;The parties hereto agree that, effective as of the date of satisfaction of the conditions precedent set forth in </font><font style="text-decoration:underline;text-transform:none;color:#000000;">Section 2</font><font style="text-transform:none;color:#000000;"> below, the Credit Agreement (including the Exhibits thereto) is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: </font><font style="color:#FF0000;letter-spacing:0pt;text-transform:none;"><strike>stricken text</strike></font><font style="text-transform:none;color:#000000;">) and to add the double-underlined text (indicated textually in the same manner as the following example: </font><font style="font-weight:bold;border-bottom:double 2.5pt;color:#0000FF;letter-spacing:0pt;text-transform:none;">double-underlined text</font><font style="text-transform:none;color:#000000;">) as set forth in the pages of the Credit Agreement (including the Exhibits thereto) attached as </font><font style="text-decoration:underline;text-transform:none;color:#000000;">Annex A</font><font style="text-transform:none;color:#000000;"> hereto (the Credit Agreement as so amended, the &#8220;</font><font style="text-decoration:underline;text-transform:none;color:#000000;">Amended Credit Agreement</font><font style="text-transform:none;color:#000000;">&#8221;)