OMNIBUS AMENDMENT NO. 2 TO COLLATERAL DOCUMENTS
OMNIBUS AMENDMENT NO. 2 TO COLLATERAL DOCUMENTS
This OMNIBUS AMENDMENT NO. 2 TO COLLATERAL DOCUMENTS (this “Amendment”) dated as of January 2, 2015, by and among (i) LIONBRIDGE TECHNOLOGIES, INC., a Delaware corporation (the “Company”), LIONBRIDGE INTERNATIONAL, a company formed under the laws of Ireland, (“LII”, and the “Foreign Borrower” and, together with the Company, the “Borrowers”, and each individually a “Borrower”), (ii) those Material Domestic Subsidiaries of the Company identified as “US Guarantors” on the signature pages of the Credit Agreement (defined below) and such other Material Domestic Subsidiaries of the Company as may from time to time become a party to the Credit Agreement, (each, a “US Guarantor” and collectively, the “US Guarantors”), the Foreign Guarantors from time to time parties to the Credit Agreement (each a “Foreign Guarantor” and collectively, the “Foreign Guarantors”, and collectively with the US Guarantors, the “Guarantors” and, together with the Borrowers, each a “Reaffirming Party” and collectively, the “Reaffirming Parties”) and (iv) HSBC BANK USA, NATIONAL ASSOCIATION, as administrative agent (the “Administrative Agent”) for itself and certain other financial institutions which are or may become parties (collectively, the “Lenders”) to the Second Amended and Restated Credit Agreement dated as of the date hereof (as amended and in effect from time to time, the “Credit Agreement”), among the Borrowers, the Agent and the Lenders. Capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement.
WHEREAS, the Company, VeriTest, Inc., Lionbridge US, Inc., Lionbridge Global Solutions II, Inc., Lionbridge Global Solutions Federal, Inc., the Lender and the Administrative Agent are parties to that certain Credit Agreement, dated as of December 21, 2006 (the “Original Closing Date”), as amended and restated by that certain Amended and Restated Credit Agreement, dated as of October 30, 2013 (as the same may have been further amended, the “Existing Agreement”);
WHEREAS, the Borrowers have requested, and HSBC has agreed to, amend and restate the Existing Agreement in connection with an increase in the Revolving Commitment and the issuance of the Term Loans;
WHEREAS, the Company, VeriTest, Inc., Lionbridge US, Inc., Lionbridge Global Solutions II, Inc., Lionbridge Global Solutions Federal, Inc., and the Administrative Agent are parties to that certain Security Agreement, dated as of the Original Closing Date (as amended and in effect from time to time, the “Security Agreement”);
WHEREAS, the Company, VeriTest, Inc., Lionbridge US, Inc., Lionbridge Global Solutions II, Inc., Lionbridge Global Solutions Federal, Inc., and the Administrative Agent are parties to that certain Pledge Agreement, dated as of the Original Closing Date (as amended and in effect from time to time, the “Pledge Agreement”);
WHEREAS, the Company, Lionbridge Luxembourg S.a x.x., Xxxx Xxxx Xxxxx and the Administrative Agent are parties to that certain Charge on Shares Agreement, dated as of January 22, 2007 (as amended and in effect from time to time, the “LI Charge on Shares”);
WHEREAS, LII and the Administrative Agent are parties to that certain Deed of Charge, dated as of January 22, 2007, (as amended and in effect from time to time, the “LII Charge on Shares” and together with the Security Agreement, the Pledge Agreement, and the LI Charge on Shares, each an “Existing Security Document” and collectively, the “Existing Security Documents”);
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Credit Agreement References. Each reference to the Existing Agreement, however so defined, in any of the Security Documents or other Credit Documents shall be deemed to be a reference to the Credit Agreement or any other name which refers thereto and each capitalized term defined by reference to the Existing Agreement shall be deemed to be a reference to such term as defined in the Credit Agreement, including, without limitation, the definitions of the terms “Administrative Agent”, “Credit Documents”, “Lender”, “Lenders”, “Loan”, “Notes”, and “Security Documents”.
2. Amendment of Schedules. The Schedules to the Security Agreement and the Schedules to the Pledge Agreement are hereby amended and restated in their entirety as set forth on the Schedules attached hereto and is made a part of the Security Agreement and the Pledge Agreement, respectively.
3. Confirmation and Ratification of Existing Security Documents. Each of the Reaffirming Parties hereby ratifies and confirms each of the Existing Security Documents (each as amended hereby) to which it is a party and the pledges and security interests created thereby and the other rights granted to the Administrative Agent and the Lenders thereunder. Each of the Reaffirming Parties hereby further ratifies and confirms that each of the Existing Security Documents (each as amended hereby) to which it is a party and the pledges and security interests created thereby secure such Reaffirming Party’s obligations under the Credit Agreement.
4. Grant of Security Interest. Subject to the provisions of and without in any way detracting from the effectiveness of Section 3 of this Amendment, and without limiting the effectiveness of any of the Existing Security Documents, each Reaffirming Party hereby grants a security interest under each Existing Security Document to which it is a party, in the same collateral in which it originally granted a security interest under each such Existing Security Document, in favor of the Administrative Agent, for the benefit of the Lenders, and hereby agrees, acknowledges and confirms that its grant of a security interest hereunder and under the Existing Security Documents to which it is a party secures all of the obligations of such Reaffirming Party, direct or indirect, contingent or absolute, matured or unmatured, now or at any time and from time to time hereafter due or owing by such Reaffirming Party with respect to the Credit Party Obligations, arising under or in connection with the Credit Agreement.
5. Provisions of Credit Agreement. The provisions of this Amendment are subject, in all respects, to all provisions of the Credit Agreement including, without limitation, Section 2.21 thereof.
6. Conditions to Effectiveness. This Amendment shall not become effective unless and until the Administrative Agent receives counterparts of this Amendment duly executed and delivered by each of the parties hereto and each of the conditions set forth in Section 4.1 of the Credit Agreement have been met.
7. Ratification, Etc. Except as expressly amended by this Amendment, the Security Documents and all documents, instruments and agreements related thereto (including the Credit Documents to which each of the parties hereto is a party) are hereby ratified and confirmed in all respects and shall continue in full force and effect. The Security Documents (as amended hereby) and the perfected security interests of the Administrative Agent on behalf of the Lenders thereunder and hereunder shall continue in full force and effect, and the collateral security and guaranties provided for in each of the Security Documents and such other documents, instruments and agreements shall not be impaired by this Amendment.
8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCLUDING LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW OTHER THAN GENERAL OBLIGATIONS LAW §§ 5-141 AND 5-1402).
9. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but which together shall constitute one ore more of the same instrument.
10. Miscellaneous. Nothing contained herein shall constitute a waiver of, impair or otherwise affect any obligations of any Borrower or any Guarantor or any rights of the Administrative Agent or any of the Lenders consequent thereon. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute part of this Amendment for any other purpose.
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IN WITNESS WHEREOF, the parties hereto have duly executed this Omnibus Amendment No. 2 to Collateral Documents as a sealed instrument as of the date first above written.
LIONBRIDGE TECHNOLOGIES, INC.,
as a Borrower
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Vice President and Treasurer |
| SIGNED and DELIVERED as a DEED |
By: LIONBRIDGE INTERNATIONAL
by its duly appointed attorney
| By: | /s/ Xxxx X. Xxxx— |
|
Name: Xxxx X. Xxxx |
| In the presence of: |
Name: Xxxxxx Xxxxx Gold
Signature: /s/ Xxxxxx Xxxxx Gold
| Address: |
Occupation:
VERITEST, INC.,
as a US Guarantor
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Treasurer |
| LIONBRIDGE US, INC., |
as a US Guarantor
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Treasurer |
| LIONBRIDGE GLOBAL SOLUTIONS II, INC., |
as a US Guarantor
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Treasurer |
| LIONBRIDGE GLOBAL SOLUTIONS FEDERAL, INC., |
as a US Guarantor
| By: | /s/ Xxxxxxxx Xxxxxx— |
|
Name: Xxxxxxxx Xxxxxx Title: Secretary |
| LIONBRIDGE GLOBAL SOURCING SOLUTIONS, INC., |
as a US Guarantor
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Treasurer |
| LIONBRIDGE LUXEMBOURG S.a.r.l., |
as a Foreign Guarantor
| By: | /s/ Xxxx Xxxx— |
|
Name: Xxxx Xxxx Title: Type A Manager |
| HSBC BANK USA, NATIONAL ASSOCIATION, |
as Administrative Agent
| By: | /s/ Xxxxx X. Xxxxxxx— |
|
Name: Xxxxx X. Xxxxxxx Title: Senior Vice President |
