SEC Contract Filing

Filing Date: 2021-04-19

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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 <title>SunOpta Inc.: Exhibit 10.1 - Filed by newsfilecorp.com</title>
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 <p style="text-align: right;"><b>Exhibit 10.1<br></b><b><i>Execution Copy</i></b></p>
 <p style="text-align: center;"><b>FIRST AMENDMENT</b></p>
 <p style="text-indent: 36pt; text-align: justify;"><b>FIRST AMENDMENT</b>, dated as of April 15, 2021 (this "<u>Amendment</u>"), to the Second Amended and Restated Credit Agreement, dated as of December 31, 2020 (the "<u>Credit Agreement</u>"), among SunOpta Inc. (the "<u>Company</u>" or "<u>Canadian Parent Borrower</u>"; as further defined in the Amended Credit Agreement (as defined below)), SunOpta Foods Inc. (the "<u>U.S. Parent Borrower</u>"; as further defined in the Amended Credit Agreement), and each of the other Borrowers and Guarantors party hereto, the Lenders party hereto, including the Delayed Draw Term Lenders (as defined below), the Issuing Banks party thereto, Bank of America, N.A., as Administrative Agent, and as an Issuing Bank and the Swingline Lender, Bank of America, N.A, as Collateral Agent (in such capacity, the "<u>Collateral Agent</u>"; as further defined in the Amended Credit Agreement) and JPMorgan Chase Bank, N.A., as Term Loan Administrative Agent (in such capacity, the "<u>Term Loan Administrative Agent</u>"; as further defined in the Amended Credit Agreement).&#160;</p>
 <p style="text-align: center;"><font style="font-variant: small-caps;"><b>Recitals</b></font></p>
 <p style="text-indent: 72pt; text-align: justify;">WHEREAS, the Company has requested to allocate $20,000,000 aggregate principal amount of the Revolving Commitments under the Credit Agreement as a separate first-in-last-out tranche with a separate borrowing base (such subfacility is referred to herein and in the Amended Credit Agreement (as defined below), as the "<u>Tranche B Subfacility</u>", and the commitments to provide the loans thereunder are referred to herein and in the Amended Credit Agreement as the "<u>Tranche B Revolving Commitments</u>") for the period from the First Amendment Effective Date (as defined below) until the Tranche B Maturity Date (as defined in Exhibit A hereto);</p>
 <p style="text-indent: 72pt; text-align: justify;">WHEREAS, each Lender identified on the signature pages hereto as a "Tranche B Revolving Lender" (each such Lender, a "<u>Tranche B Revolving Lender</u>") has agreed to allocate a pro rata portion of its Revolving Commitment to the Tranche B Subfacility in the aggregate principal amount set forth on Schedule 2.01(a) to the Amended Credit Agreement, subject to the terms and conditions set forth herein and in the Amended Credit Agreement;</p>
 <p style="text-indent: 72pt; text-align: justify;">WHEREAS, the Company has requested that each Lender consent to (x) the amendments to the Credit Agreement necessary to effectuate the Tranche B Subfacility and (y) the other amendments to the Credit Agreement, in each case as set forth in <u>Exhibit A</u> hereto, and the Lenders hereby agree to such amendments, subject to the terms and conditions set forth in Article IV and relying upon the representations and warranties herein set forth in Article III;</p>
 <p style="text-indent: 72pt; text-align: justify;">NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:</p>
 <p style="text-align: center;"><u><b>ARTICLE I</b></u><br><u><b>DEFINED TERMS</b></u></p>
 <p style="text-indent: 72pt; text-align: justify;">Capitalized terms used in this Amendment but not defined herein shall have the meanings assigned to them in the Credit Agreement, as amended by this Amendment (the "<u>Amended Credit Agreement</u>").</p>
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 <p style="text-align: center;"><u><b>ARTICLE II</b></u><br><u><b>AMENDMENT</b></u></p>
 <p style="text-indent: 72pt; text-align: justify;">Effective as of the First Amendment Effective Date (as defined below):</p>
 <p style="text-indent: 72pt; text-align: justify;">(a)<font style="width: 23.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: <font style="text-decoration: line-through; color: #ff0000;">stricken text</font>) and to add the double-underlined text (indicated textually in the same manner as the following example: <font style="color: #0000ff;"><u>double-underlined text</u></font>) as set forth in <u>Exhibit A</u> hereto;</p>
 <p style="margin-left: 36pt; text-indent: 36pt; text-align: justify;">(b)<font style="width: 23.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>Schedule 2.01(a) to the Amended Credit Agreement shall be in the form attached as <u>Exhibit B</u> hereto.</p>
 <p style="margin-left: 36pt; text-indent: 36pt; text-align: justify;">(c)<font style="width: 23.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>Exhibit B-1 to the Amended Credit Agreement shall be in the form attached as <u>Exhibit C</u> hereto.</p>
 <p style="margin-left: 36pt; text-indent: 36pt; text-align: justify;">(d)<font style="width: 23.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>Exhibit B-4 to the Amended Credit Agreement shall be in the form attached as <u>Exhibit D</u> hereto.</p>
 <p style="margin-left: 36pt; text-indent: 36pt; text-align: justify;">(e)<font style="width: 23.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>Exhibit D to the Amended Credit Agreement shall be in th