FIRST AMENDMENT TO INVESTOR RIGHTS AGREEMENT
Exhibit 10.9
Execution Version
FIRST AMENDMENT TO INVESTOR RIGHTS AGREEMENT
This FIRST AMENDMENT TO THE INVESTOR RIGHTS AGREEMENT (this “Amendment”), dated as of March 25, 2022 (the “Effective Date”), is made by and among Tailwind Two Acquisition Corp. (the “Company”), Terran Orbital Corporation, and the investors party thereto party to that certain Investor Rights Agreement dated as of October 28, 2021 (as amended, modified, restated, amended and restated, or supplemented from time to time, the “Investor Rights Agreement”), by and among the Company, Terran Orbital Corporation, and the investors party thereto. Capitalized terms used and not defined herein shall have the meaning set forth in the Investor Rights Agreement.
WHEREAS, pursuant to Section 4.7 of the Investor Rights Agreement, the parties hereto have the right to enter into this Amendment and amend the Investor Rights Agreement as provided herein; and
WHEREAS, the parties hereto desire to amend the Investor Rights Agreement upon the terms and conditions set forth in this Amendment.
NOW, THEREFORE, in consideration of the mutual promises and agreements made herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.1 Amendment to the Investor Rights Agreement.
A. Subclause (ii)(y) of Section 3.4.1 of the Investor Rights Agreement is hereby amended and restated to read as follows:
“(y) (A) any Shares that may be issued to any of the BP Funds as “Shares” in accordance with (and as such term is defined in) any Subscription Agreement dated as of October 28, 2021 by and among the Company, Terran Orbital and any BP Fund and (B) 2,400,000 Shares that will be issued to any of the BP Funds as “Shares” in accordance with (and as such term is defined in) that certain Stock and Warrant Purchase Agreement dated as of March 25, 2022, by and among Tailwind Two Acquisition Corp., FP Credit Partners II, L.P., FP Credit Partners Phoenix II, L.P., any BP Fund, and any of the Lockheed Xxxxxx Post-Closing Shareholders and”
1.2 No Other Amendments. Except for the amendments expressly set forth in this Amendment, the Investor Rights Agreement shall remain unchanged and in full force and effect.
1.3 Governing Law. This Amendment shall be governed by and construed in accordance with the applicable terms of the Investor Rights Agreement, which are hereby incorporated by reference and shall apply mutatis mutandis as if set forth herein.
1.4 Rules of Construction. The parties acknowledge that each party has read and negotiated the language used in this Amendment. The parties agree that, because all parties participated in negotiating and drafting this Amendment, no rule of construction shall apply to this Amendment which construes ambiguous language in favor of or against any party by reason of that party’s role in drafting this Amendment. All references in the Investor Rights Agreement to “this Agreement”, “hereof”, “hereby” and words of similar import shall refer to the Investor Rights Agreement as amended hereby.
1.5 Counterparts. This Amendment may be signed in any number of counterparts, including facsimile copies thereof or electronic scan copies thereof delivered by electronic mail, each of which shall be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the undersigned has duly executed this Amendment as of the date first above written.
| TERRAN ORBITAL CORPORATION | ||
| By: | /s/ Xxxx Xxxx | |
| Name: Xxxx Xxxx | ||
| Title: President and Chief Executive Officer | ||
[Signature Page to the First Amendment Investor Rights Agreement]
| THE COMPANY: | TAILWIND TWO ACQUISITION CORP. | |||||
| By: | /s/ Xxxxx Xxxxxx | |||||
| Name: Xxxxx Xxxxxx | ||||||
| Title: Co-Chief Executive Officer | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
| TERRAN FOUNDER PARTIES REPRESENTATIVE: | XXXX XXXX | |||||
| /s/ Xxxx Xxxx | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
| TAILWIND TWO POST-CLOSING SHAREHOLDERS: | TAILWIND TWO SPONSOR LLC | |||||
| By: | /s/ Xxxxxx Xxxx | |||||
| Name: Xxxxxx Xxxx | ||||||
| Title: Manager | ||||||
| XXXXX XXXXXXX | ||||||
| /s/ Xxxxx Xxxxxxx | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
| BP PARTY: | BPC LENDING II, LLC | |||||
| By: | /s/ Xxxxx Xxxxxxxxxx | |||||
| Name: Xxxxx Xxxxxxxxxx | ||||||
| Title: Executive Managing Director | ||||||
| BEACH POINT SCF XI LP BEACH POINT SCF IV LLC BEACH POINT SCF MULTI-PORT LP BPC OPPORTUNITIES FUND III LP BEACH POINT SELECT FUND LP BEACH POINT SECURITIZED CREDIT FUND LP BEACH POINT TX SCF LP | ||||||
| By: Beach Point Capital Management LP its Investment Manager | ||||||
| By: | /s/ Xxxxx Xxxxxxxxxx | |||||
| Name: Xxxxx Xxxxxxxxxx | ||||||
| Title: Portfolio Manager | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
| FP PARTY: | FP CREDIT PARTNERS, L.P. | |||||
| By: | FP Credit Partners GP, L.P. | |||||
| Its: General Partner | ||||||
| By: | FP Credit Partners GP Management, LLC | |||||
| Its: General Partner | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx | |||||
| Name: Xxxxx Xxxxxxxxx | ||||||
| Title: Managing Director | ||||||
| FP CREDIT PARTNERS II, L.P. | ||||||
| By: FP Credit Partners XX XX, L.P. | ||||||
| Its: General Partner | ||||||
| By: FP Credit Partners XX XX Management, LLC | ||||||
| Its: General Partner | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx | |||||
| Name: Xxxxx Xxxxxxxxx | ||||||
| Title: Managing Director | ||||||
| FP CREDIT PARTNERS PHOENIX II, L.P. | ||||||
| By: FP Credit Partners XX XX, L.P. | ||||||
| Its: General Partner | ||||||
| By: FP Credit Partners XX XX Management, LLC | ||||||
| Its: General Partner | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx | |||||
| Name: Xxxxx Xxxxxxxxx | ||||||
| Title: Managing Director | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
| LOCKHEED XXXXXX POST-CLOSING SHAREHOLDERS: | ASTROLINK INTERNATIONAL, LLC | |||||
| By: | /s/ XX Xxxxx | |||||
| Name: XX Xxxxx | ||||||
| Title: VP/GM LM Ventures | ||||||
| LOCKHEED XXXXXX CORPORATION | ||||||
| By: | /s/ Xxxx Xxxxxxx | |||||
| Name: Xxxx Xxxxxxx | ||||||
| Title: Director, Corporate Development | ||||||
[Signature Page to the First Amendment Investor Rights Agreement]
