AMENDMENT NO. 4
Exhibit 10.1
AMENDMENT NO. 4
AMENDMENT NO. 4, dated as of December 12, 2024 (this “Amendment”), to the Term Loan Credit Agreement, dated as of May 6, 2019 (as amended by that certain Amendment No. 1, dated as of April 8, 2021, that certain Amendment Agreement, dated as of March 13, 2023, that certain Amendment No. 2, dated as of April 24, 2023, that certain Amendment No. 3, dated as of January 31, 2024, and as further amended, restated, supplemented or modified from time to time prior to the date hereof, the “Credit Agreement”), among ADIENT US LLC, a Michigan limited liability company (the “Lead Borrower”), ADIENT GLOBAL HOLDINGS S.À X.X., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg (together with the Lead Borrower, collectively, the “Borrowers” and each, a “Borrower”), each Lender from time to time party thereto, the other parties party thereto and BANK OF AMERICA, N.A. (“Bank of America”), as Administrative Agent and Collateral Agent (in such capacities, the “Agent”), by and among the Borrowers, Adient plc (“Parent”), the other Loan Parties party hereto, the Agent, Bank of America, as New Term Lender and Fronting Lender (each as defined below) and the other Lenders party hereto. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Amended Credit Agreement (as defined herein).
WHEREAS, the Borrowers have requested an amendment to the Credit Agreement that would decrease the Applicable Margin with respect to the Term B-2 Loans outstanding immediately prior to the Amendment No. 4 Effective Date (as defined below) (the “Existing Term Loans”) and reset the time period set forth in Section 2.11(a) of the Credit Agreement, in each case, in accordance with Sections 2.19(c) and 9.08 of the Credit Agreement (such Existing Term Loans as amended hereby as of the Amendment No. 4 Effective Date, the “Amended Term Loans”);
WHEREAS, at the Amendment No. 4 Effective Date, in the event the Amendment is consented to by the Required Lenders, but not all of the Existing Term Lenders (as defined below), then (i) any Lenders holding Term B-2 Loans outstanding immediately prior to the Amendment No. 4 Effective Date (before giving effect to any assignment of Existing Term Loans to the New Term Lender or the Fronting Lender contemplated hereunder) (each such Lender, an “Existing Term Lender”) that have not consented to this Amendment (each, a “Non-Consenting Lender” and, collectively, the “Non-Consenting Lenders”) shall assign and delegate all of their Existing Term Loans to Bank of America, as the Lender set forth on Schedule 1 hereto, as assignee (the “New Term Lender”), in accordance with Sections 2.19(c) and 9.04 of the Credit Agreement, and (ii) the New Term Lender shall purchase such Existing Term Loans of the Non-Consenting Lenders by paying to such Non-Consenting Lenders the price therefor specified in Section 2.19(c) of the Credit Agreement. The aggregate principal amount of the Existing Term Loans of the Non-Consenting Lenders to be purchased by the New Term Lender as of the Amendment No. 4 Effective Date is set forth on Schedule 1 hereto;
WHEREAS, at the Amendment No. 4 Effective Date, each Existing Term Lender that shall have executed and delivered a consent to this Amendment substantially in the form of Exhibit A hereto (a “Lender Consent”) indicating the “Cashless Settlement Option” (each such Existing Term
Xxxxxx, a “Consenting Lender”) shall have agreed by executing such Lender Consent to amend its outstanding Existing Term Loans to be Amended Term Loans as provided herein;
WHEREAS, immediately prior to the Amendment No. 4 Effective Date, each Existing Term Lender that shall have executed and delivered a Lender Consent indicating the “Assignment Settlement Option” (each such Lender being an “Assignment Lender”) shall assign all of its Existing Term Loans to Bank of America, as the Lender set forth on Schedule 1 hereto, as assignee (the “Fronting Lender”) in accordance with Section 9.04 of the Credit Agreement. Upon such assignment, the Fronting Lender shall have agreed by executing this Amendment as the Fronting Lender to amend such Existing Term Loans so assigned to be Amended Term Loans as provided herein. At or immediately after the Amendment No. 4 Effective Date, each Assignment Lender shall purchase from the Fronting Lender Amended Term Loans in an aggregate principal amount not less than the aggregate principal amount of the Existing Term Loans held by such Assignment Lender immediately prior to the Amendment No. 4 Effective Date. The aggregate principal amount of Existing Term Loans of the Assignment Lenders to be purchased by the Fronting Lender immediately prior to the Amendment No. 4 Effective Date is set forth on Schedule 1 hereto;
WHEREAS, Bank of America, JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Deutsche Bank AG, New York Branch, Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, MUFG Union Bank, N.A., U.S. Bank National Association, ING Capital LLC, CIBC World Markets Corp., KeyBanc Capital Markets Inc. and Truist Securities, Inc. are acting as the joint lead arrangers and joint bookrunners for this Amendment (in such capacities, the “Amendment No. 4 Lead Arrangers”);
WHEREAS, the Agent, the Borrowers, the Guarantors and the Lenders party hereto, which constitute the Required Lenders under the Credit Agreement, desire to amend the Credit Agreement as set forth below, with such amendments and modifications to become effective at the Amendment No. 4 Effective Date, and have consented to such amendments and modifications to the Credit Agreement effected hereby; and
WHEREAS, in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto have agreed to amend the Credit Agreement to reflect the terms set forth in Section 1 hereto, subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and covenants 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:
Section 1. Amendments to the Credit Agreement. Effective as of the Amendment No. 4 Effective Date, the Credit Agreement is hereby amended (the Credit Agreement, as amended by this Amendment, the “Amended Credit Agreement”) as follows:
(a) The following new definitions are hereby added to Section 1.01 of the Credit Agreement in alphabetical order:
““Amendment No. 4” shall mean Amendment No. 4 to this Agreement, dated as of December 12, 2024, by and among the Administrative Agent, the Borrowers, each of the Guarantors and each of the Lenders party thereto.”
“Amendment No. 4 Arrangers” shall mean Bank of America, N.A., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Deutsche Bank AG, New York Branch, Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, MUFG Union Bank, N.A., U.S. Bank National Association, ING Capital LLC, CIBC World Markets Corp., KeyBanc Capital Markets Inc. and Truist Securities, Inc., in their capacities as joint lead arrangers and joint bookrunners in connection with Amendment No. 4.”
““Amendment No. 4 Effective Date” shall mean December 12, 2024, the date on which all conditions precedent set forth in Section 4 of Amendment No. 4 were satisfied (or waived).”
(b) The definition of “Applicable Margin” appearing in Section 1.01 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows:
““Applicable Margin” shall mean a percentage per annum equal to (x) for Term SOFR Loans, 2.25% and (y) for Base Rate Loans, 1.25%.
Notwithstanding the foregoing, the Applicable Margin with respect to any Other Term Loan shall be the “Applicable Margin” as set forth in the Incremental Assumption Agreement, Extension Amendment or Refinancing Amendment (as applicable) relating thereto.”
(c) The definition of “Arrangers” appearing in Section 1.01 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows:
““Arrangers” shall mean (a) the Joint Lead Arrangers, (b) solely with respect to Amendment No. 1, the Amendment No. 1 Arrangers, (c) solely with respect to Amendment No. 3, the Amendment No. 3 Arrangers and (d) solely with respect to Amendment No. 4, the Amendment No. 4 Arrangers.”
(d) The definition of “Loan Documents ” appearing in Section 1.01 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows:
““Loan Documents” shall mean (i) this Agreement, (ii) the Guarantee Agreement, (iii) the Security Documents, (iv) each Incremental Assumption Agreement, (v) each Extension Amendment, (vi) each Refinancing Amendment, (vii) any Intercreditor Agreement, (viii) Amendment No. 1, (ix) Amendment Agreement, (x) Amendment No. 2, (xi) Amendment No. 3, (xii) Amendment No. 4 and (xiii) any Note issued under Section 2.09(e).”
(e) Clause (a) of Section 2.11 is hereby amended by amending and restating in its entirety as follows:
“(a) Each Borrower shall have the right at any time and from time to time to prepay any Term Loan to such Borrower in whole or in part, without premium or penalty (but subject to (x) Section 2.16, (y) the last sentence of this Section 2.11(a) and (z) prior notice in accordance with the provisions of Section 2.10(c)), in an aggregate principal amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum or, if less, the amount outstanding, subject to prior notice in accordance with Section 2.10(d). If any Repricing Event occurs prior to the date that is six months after the Amendment No. 4 Effective Date, the Borrowers agree to pay to the Administrative Agent, for the ratable account of each Lender with Term Loans that are subject to such Repricing Event, a fee in an amount equal to 1.00% of the aggregate principal amount of the Term Loans subject to such Repricing Event. Such fees shall be earned, due and payable upon the date of the occurrence of such Repricing Event.”
Section 2. Consents and Assignments.
Subject to the terms and conditions set forth herein:
(a) each of the Consenting Lenders consents to this Amendment and, as of the Amendment No. 4 Effective Date, its Existing Term Loans shall become Amended Term Loans;
(b) the New Term Xxxxxx agrees to purchase Existing Term Loans from Non-Consenting Lenders at the Amendment No. 4 Effective Date in an aggregate principal amount equal to the aggregate principal amount of the Existing Term Loans held by Non-Consenting Lenders immediately prior to the Amendment No. 4 Effective Date in accordance with Sections 2.19(c) and 9.04 of the Credit Agreement. The execution of this Amendment by the New Term Lender shall be deemed to be the execution of an Assignment and Acceptance between the New Term Lender and each Non-Consenting Lender (and the execution of this Amendment by the Agent and the Borrowers shall be deemed to be the consent of the Agent and the Borrowers (to the extent such consent is required under the Credit Agreement) thereto) which assignment shall be effective upon receipt by each such Non-Consenting Lender of the purchase price required by Section 2.19(c) of the Credit Agreement. As of the Amendment No. 4 Effective Date, each Non-Consenting Lender will be deemed to have executed
an Assignment and Acceptance for all of its then outstanding Existing Term Loans and will be deemed to have assigned all of its then outstanding Existing Term Loans at par to the New Term Lender pursuant to and in compliance with the terms of Section 9.04 of the Credit Agreement, and such Existing Term Loans shall become Amended Term Loans;
(c) the Existing Term Loans of each Assignment Lender shall be assigned to the Fronting Lender immediately prior to the Amendment No. 4 Effective Date in accordance with Section 9.04 of the Credit Agreement and such Assignment Lender’s execution of its Lender Consent and the Fronting Lender’s execution of this Amendment shall be deemed to be the execution of an Assignment and Acceptance between such Assignment Lender and the Fronting Lender (and the execution of this Amendment by the Agent and the Borrowers shall be deemed to be the consent of the Agent and the Borrowers (to the extent such consent is required under the Credit Agreement) thereto) which assignment shall be effective upon receipt by such Assignment Lender of an amount equal to the outstanding principal amount of, and accrued and unpaid interest and fees on, such Assignment Xxxxxx’s Existing Term Loans outstanding immediately prior to the Amendment No. 4 Effective Date;
(d) the Fronting Xxxxxx agrees to purchase Existing Term Loans from each Assignment Lender immediately prior to the Amendment No. 4 Effective Date in an aggregate principal amount equal to the aggregate principal amount of Existing Term Loans held by such Assignment Lender at such time in accordance with Section 9.04 of the Credit Agreement. The execution of this Amendment by such Assignment Lender and the Fronting Lender shall be deemed to be the execution of an Assignment and Acceptance between the Fronting Lender and such Assignment Lender (and the execution of this Amendment by the Agent and the Borrowers shall be deemed to be the consent of the Agent and the Borrowers (to the extent the consent is required under the Credit Agreement) thereto) and, as of the Amendment No. 4 Effective Date, such Existing Term Loans shall become Amended Term Loans;
(e) each Assignment Xxxxxx agrees to purchase Amended Term Loans from the Fronting Lender immediately following the Amendment No. 4 Effective Date in an aggregate principal amount equal to the aggregate principal amount of Existing Term Loans held by such Assignment Lender immediately prior to the Amendment No. 4 Effective Date in accordance with Section 9.04 of the Credit Agreement. Such Assignment Xxxxxx’s execution of its Lender Consent and the execution of this Amendment by the Fronting Lender shall be deemed to be the execution of an Assignment and Acceptance between such Assignment Lender and the Fronting Lender (and the execution of this Amendment by the Agent and the Borrowers shall be deemed to be the consent of the Agent and the Borrowers (to the extent the consent is required under the Credit Agreement) thereto); and
(f) each of the New Term Lender and the Fronting Lender, by delivering its signature page to this Amendment, and each Assignment Lender and Consenting Lender, by delivering its Lender Consent, shall be deemed to have acknowledged receipt of, and consented to and approved, this Amendment, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Agent at the Amendment No. 4 Effective Date.
Notwithstanding anything to the contrary in this Amendment or the Amended Credit Agreement, in no event shall any Borrower be required to pay to the Agent the processing and recordation fee specified in Section 9.04(b)(ii)(C) for any assignment described in this Section 2 or any future assignment by the New Term Lender or the Fronting Lender of the Existing Term Loans acquired by such Person as described in this Section 2.
Section 3. Representations and Warranties.
Each Loan Party represents and warrants to the Agent and the Lenders that, as of the Amendment No. 4 Effective Date:
(a) this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against such Loan Party in accordance with its terms, subject to (i) applicable pre-insolvency, bankruptcy, insolvency, concurso mercantil, reorganization, moratorium, fraudulent conveyance or other laws affecting creditors’ rights generally, (ii) general principles of equity, regardless of whether considered in a proceeding in equity or at law and (iii) implied covenants of good faith and fair dealing;
(b) immediately before and immediately after giving effect to this Amendment, the applicable representations and warranties of each Loan Party which are contained in (i) Article III of the Credit Agreement or (ii) any other Loan Document in effect on the Amendment No. 4 Effective Date, in each case, are true and correct in all material respects; provided, that, to the extent that such representations and warranties specifically refer to an earlier date, such representations and warranties were true and correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects; and
(c) immediately before and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing or would result from the Amendment and related Credit Event or from the application of the proceeds therefrom.
Section 4. Conditions to Effectiveness.
This Amendment shall become effective on the date (such date, the “Amendment No. 4 Effective Date”) each of the following conditions shall have been satisfied (or waived):
(a) The Agent’s receipt of the following, each of which shall be originals or facsimiles or electronic copies unless otherwise specified:
(i) counterparts of this Amendment executed by (A) each Borrower, (B) each other Loan Party, (C) the Agent, (D) each Consenting Lender, (E) each Assignment Lender and (F) the New Term Lender and the Fronting Lender; and
(ii) a certificate of a Responsible Officer of the Parent certifying compliance with the conditions in clauses (d) and (e) below.
(b) Substantially concurrently with the effectiveness of this Amendment on the Amendment No. 4 Effective Date, the Borrowers shall have paid (or caused to be paid) to the Agent, for the ratable account of each Existing Term Lender, all accrued and unpaid interest on the Existing Term Loans outstanding immediately prior to the effectiveness of this Amendment on the Amendment No. 4 Effective Date to, but not including, the Amendment No. 4 Effective Date.
(c) All fees and expenses due to the Agent, the Amendment No. 4 Arrangers and the Lenders (including, without limitation, pursuant to Section 6 hereof and any fees required to be paid to them by the Borrowers as mutually agreed prior to the Amendment No. 4 Effective Date) required to be paid on the Amendment No. 4 Effective Date shall have been paid, in each case in respect of expenses, to the extent invoiced in reasonable detail prior to the date that is three (3) Business Days (or such lesser period as may be reasonably acceptable to the Lead Borrower) prior to the date hereof.
(d) Immediately before and immediately after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing or would result from the Amendment and related Credit Event or from the application of the proceeds therefrom.
(e) Immediately before and immediately after giving effect to this Amendment, the representations and warranties of each Loan Party set forth in (i) Article III of the Credit Agreement or (ii) any other Loan Document in effect on the Amendment No. 4 Effective Date, in each case, shall be true and correct in all material respects on and as of the Amendment No. 4 Effective Date; provided, that to the extent such representations and warranties specifically relate to an earlier date, such representations and warranties shall be true and correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates.
(f) The Agent and the Lenders (as requested through the Agent) shall have received at least three (3) Business Days prior to the Amendment No. 4 Effective Date (i) all documentation and other information required with respect to the Borrowers by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA PATRIOT Act, and (ii) a Beneficial Ownership Certification in relation to any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, in each case, to the extent requested in writing at least ten (10) Business Days prior to the Amendment No. 4 Effective Date.
Other than the conditions set forth in this Section 4, there are no other conditions (express or implied) to the Amendment No. 4 Effective Date. For purposes of determining compliance with the conditions specified in this Section 4, to the extent any Lender has signed this Amendment, it
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to the Lenders under this Amendment unless the Agent shall have received notice from such Lender prior to the Amendment No. 4 Effective Date specifying its objection thereto.
The Agent shall notify the Lead Borrower and the Lenders of the Amendment No. 4 Effective Date and such notice shall be conclusive and binding.
Section 5. Expenses.
The Borrowers agree to reimburse the Agent and each Amendment No. 4 Arranger for its reasonable and documented out-of-pocket expenses in connection with this Amendment and any Loan Documents executed in connection with this Amendment, including the reasonable and documented fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx llp, counsel for the Agent (and one local counsel for the Agent in any other relevant jurisdiction (including, without limitation, each Specified Jurisdiction)), in each case, to the extent required by Section 9.05 of the Credit Agreement.
Section 6. Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page or Consent to this Amendment by facsimile transmission or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Amendment and/or any document to be signed in connection with this amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures (as defined below), deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. “Electronic Signatures” means any electronic symbol or process attached to, or associated with, any contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record.
Section 7. Governing Law and Waiver of Right to Trial by Jury.
THIS AMENDMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, PROVIDED THAT
SECTIONS 9(D) AND (E) HEREOF, TO THE EXTENT THAT THEY MAY RELATE TO ANY LUXEMBOURG LAW SECURITY DOCUMENTS, SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, LUXEMBOURG LAW AND ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH SUCH SECTIONS 9(D) AND (E) HEREOF, TO THE EXTENT THAT THEY MAY RELATE TO ANY LUXEMBOURG LAW SECURITY DOCUMENTS, INCLUDING A DISPUTE REGARDING ANY LUXEMBOURG LAW SECURITY DOCUMENTS’ EXISTENCE, VALIDITY, INTERPRETATION, PERFORMANCE OR TERMINATION, SHALL BE SUBJECT TO THE EXCLUSIVE JURISDICTION OF THE DISTRICT COURT OF THE CITY OF LUXEMBOURG (TRIBUNAL D'ARRONDISSEMENT DE ET À LUXEMBOURG). The jurisdiction and waiver of right to trial by jury provisions in Section 9.11 and 9.15 of the Credit Agreement are incorporated herein by reference mutatis mutandis.
Section 8. Headings.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
Section 9. Reaffirmation.
Each Loan Party hereby expressly consents to and acknowledges the terms of this Amendment, and confirms and reaffirms, subject to any limitation language applicable as provided in the Credit Agreement and the other Loan Documents, as of the date hereof, (a) the covenants and agreements contained in each Loan Document to which it is a party, as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (b) that all Obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement as amended or otherwise modified hereby, (c) its guaranty of the Obligations as amended or otherwise modified hereby, (d) its prior pledges and grants of security interests and Liens on the Collateral to secure the Obligations pursuant to the Security Documents to which it is a party and (e) that such Guarantees, prior pledges and grants of security interests (including any Security Documents) and Liens on the Collateral to secure the Obligations, as applicable, are and shall continue to be in full force and effect as amended or otherwise modified hereby and do, and shall continue to, inure to the benefit of the Agent, the Lenders and the other Secured Parties. Neither this Amendment nor the amendments and restatements made pursuant to this Amendment shall constitute a novation of the Credit Agreement or any other Loan Document.
Section 10. Effect of Amendment; References to the Credit Agreement; Miscellaneous.
Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or any other Loan Document, and (b) shall not alter, modify, amend, waive or in any way affect any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect as amended by this Amendment (as applicable). This Amendment shall constitute a Loan Document for all purposes and all references to the Credit Agreement in any Loan Document or other document, instrument, agreement, or writing shall from and after the Amendment No. 4 Effective Date be deemed to refer to the Credit Agreement as amended or otherwise modified hereby, and, as used in the Credit Agreement, the terms “Agreement,” “herein,” “hereafter,” “hereunder,” “hereto” and words of similar import shall mean, from and after the Amendment No. 4 Effective Date, the Credit Agreement as amended or otherwise modified hereby.
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IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Amendment as of the date first written above.
ADIENT US LLC
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
ADIENT GLOBAL HOLDINGS S.À X.X.
Société à responsabilité limitée
Registered office: 00X, Xxxxxx Xxxx X Xxxxxxx, X - 0000 Xxxxxxxxxx
R.C.S. Luxembourg B 214.737
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
ADIENT XXXXX INC.
ADIENT SYSTEMS ENGINEERING LLC
ADIENT XXXXXXX INC.
ADIENT INC.
ADIENT HOLDING MEXICO LLC
ADIENT HOLDING SPAIN LLC
ADIENT HOLDING SLOVAKIA LLC
ADIENT HOLDING TURKEY LLC
ADIENT HOLDING SOUTH AFRICA LLC
FUTURIS GLOBAL HOLDINGS, LLC
FUTURIS AUTOMOTIVE (NA) HOLDINGS INC.
FUTURIS AUTOMOTIVE (NA) INTERMEDIATE HOLDINGS INC.
FUTURIS AUTOMOTIVE (US) INC.
FUTURIS AUTOMOTIVE (CA) LLC
CNI ENTERPRISES, INC.
CNI-DULUTH, LLC
NICA, INC.
UNIVERSAL TRIM, INC.
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
ADIENT US ENTERPRISES LIMITED PARTNERSHIP
By: :/s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Person
Adient Luxembourg Poland Holding S.à x.x., a Luxembourg company governed under the laws of the Grand Duchy of Luxembourg as a société à responsabilité limitée, with its registered office at 00X, Xxxxxx Xxxx X Xxxxxxx, X-0000 Xxxxxxxxxx, Xxxxx Xxxxx xx Xxxxxxxxxx and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Sociétés, Luxembourg) under number B 204.878
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Adient Luxembourg Asia Holding S.à x.x., a Luxembourg company governed under the laws of the Grand Duchy of Luxembourg as a société à responsabilité limitée, with its registered office at 00X, Xxxxxx Xxxx X Xxxxxxx, X-0000 Xxxxxxxxxx, Xxxxx Xxxxx xx Xxxxxxxxxx and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Sociétés, Luxembourg) under number B 208.006
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Adient Global Holdings Luxembourg S.à x.x., a Luxembourg company governed under the laws of the Grand Duchy of Luxembourg as a société à responsabilité limitée, with its registered office at 00X, Xxxxxx Xxxx X Xxxxxxx, X-0000 Xxxxxxxxxx, Xxxxx Xxxxx xx Xxxxxxxxxx and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Sociétés, Luxembourg) under number B 214.747
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Adient Holding Ireland Limited
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Officer
Name: Xxxxxx Xxxxxxx
Title: Authorized Officer
Adient Global Holdings Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorised Representative
Adient International Ltd
By:/s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorised Representative
Adient Industries México S. de X.X. de C.V. | ||||||||
Adient Leasing México S. de X.X. de C.V. | ||||||||
Adient México S. de X.X. de C.V. | ||||||||
Adient México Automotriz S. de X.X. de C.V. | ||||||||
Adient México Holding S. de X.X. de C.V. | ||||||||
Adient Querétaro S. de X.X. de C.V. | ||||||||
Adient Shared Services México S. de X.X. de C.V. | ||||||||
Adient Servicios S. de X.X. de C.V. | ||||||||
Adient Subholding Leasing S. de X.X. de X.X. | ||||||||
Xxxxx Mex S. de X.X. de C.V. | ||||||||
Ensamble de Interiores Automotrices México S. de X.X. de C.V. | ||||||||
Ensamble de Interiores Automotrices, S. de X.X. de C.V. | ||||||||
By: | /s/ Xxxxxxx X. Xxxxxx XX | |||||||
Name: | Xxxxxxx X. Xxxxxx XX | |||||||
Title: | Attorney-in-fact |
ADIENT BELGIUM BV, a private limited liability company (besloten vennootschap/société à responsabilité limitée) organised and existing under Belgian law, having its registered office a Paul Xxxxxxxxxxxxxxxx 0, 0000 Xxxxxxxx, Xxxxxxx and registered under company number 0437.456.835 RLP Ghent, division Ghent
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
Name: Xxxxxx Xxxxxxx
Title: Authorized Signatory
ADIENT SWEDEN AB
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Authorized Officer
Name: Xxxxxx Xxxxxxx
Title: Authorized Officer
ADIENT SEATING HOLDING SPAIN, S.L.U. | ||||||||
ADIENT SEATING SPAIN, S.L.U. | ||||||||
ADIENT AUTOMOTIVE, S.L.U. | ||||||||
ADIENT REAL ESTATE HOLDING SPAIN, S.L.U. | ||||||||
By: | /s/ Xxxxxx Xxxxxxx | |||||||
Name: | Xxxxxx Xxxxxxx | |||||||
Title: | Attorney |
Adient Seating UK Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
Adient Properties UK Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
Adient Holding Germany Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
Adient Holding UK Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
Adient UK Financing Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
Adient Financing International Ltd
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Attorney
Name: Xxxxxx Xxxxxxx
Title: Attorney
ADIENT SEATING POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, a Polish company with its registered office in Siemianowice Śląskie, at 00 Xxxxxxxx Xxxxxx 00-000 Xxxxxxxxxxxx Xxxxxxx, entered into the register of entrepreneurs of the National Court Register, maintained by the District Court Katowice-Wschód in Katowice, VIII Commercial Division of the National Register Court, under the number KRS 0000236927, having the following numbers NIP: 5862148358 and REGON: 220066313 and a share capital of PLN 229,741,500.00. | |||||||||||
By: | /s/ Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Name: | Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Title: | Attorney | ||||||||||
ADIENT FOAM POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, a Polish company with its registered office in Xxxx, 0 Xxxxxx Xxxxxx, 00-000 Xxxx, entered into the register of entrepreneurs of the National Court Register maintained by the District Court in Gliwice, X Commercial Division of the National Register Court, under the KRS number: 0000251430, having the following numbers NIP: 7010029670 and REGON: 140581505 and a share capital of PLN 15,529,000.00. | |||||||||||
By: | /s/ Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Name: | Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Title: | Attorney | ||||||||||
ADIENT POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, a Polish company with its registered office in Świebodzin, at Xxxxxxxxx 00, 00-000 Xxxxxxxxxx, entered into the register of entrepreneurs of the National Court Register, maintained by the District Court in Zielona Góra, VIII Commercial Division of the National Register Court, under the number KRS: 0000013213, having the following numbers NIP: 9271756246 and REGON: 971291505 and a share capital of PLN 3,465,000.00. | |||||||||||
By: | /s/ Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Name: | Xxxxxxx Xxxxx Xxxxxx XX | ||||||||||
Title: | Attorney |
BANK OF AMERICA, N.A., as
Administrative Agent and Collateral Agent
Administrative Agent and Collateral Agent
By: /s/ Gerund Diamond
Name: Gerund Diamond
Title: Vice President
Name: Gerund Diamond
Title: Vice President
BANK OF AMERICA, N.A., as
New Term Lender and Fronting Lender
New Term Lender and Fronting Lender
By: /s/ Xxxxxxxxx Xxxxx
Name: Xxxxxxxxx Xxxxx
Title: Director
Name: Xxxxxxxxx Xxxxx
Title: Director
[LENDER CONSENTS ON FILE WITH THE ADMINISTRATIVE AGENT]
SCHEDULE 1
New Term Lender | Principal amount of Existing Term Loans of Non-Consenting Lenders to be purchased by the New Term Lender: | ||||
Bank of America, N.A. | $42,886,930.45 | ||||
Total: | $42,886,930.45 | ||||
Fronting Lender | Principal amount of Existing Term Loans of Assignment Lenders to be purchased by the Fronting Lender: | ||||
Bank of America, N.A. | $3,107,477.06 | ||||
Total: | $3,107,477.06 |