FIRST AMENDMENT AGREEMENTFirst Amendment Agreement • January 22nd, 2024 • OPENLANE, Inc. • Retail-auto dealers & gasoline stations • New York
This FIRST AMENDMENT AGREEMENT, dated as of January 19, 2024 (this “Agreement”), is entered into by and among each undersigned Lender (as defined below) that is party to the Existing Credit Agreement (as defined below) (each, a “Consenting Lender” and, collectively, the “Consenting Lenders”) and each undersigned Lender with 2024 Canadian Revolving Facility Commitments (as defined below) in respect of the 2024 Canadian Revolving Facility Loans (as defined below) (each, a “2024 Canadian Revolving Facility Lender” and, collectively, the “2024 Canadian Revolving Facility Lenders”), OPENLANE, INC., a Delaware corporation (the “Borrower”), the Canadian Borrower (as defined below), the other Loan Parties (as defined in the Credit Agreement referred to below) party hereto, JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”) and an Issuing Lender (as defined in the Credit Agreement referred to below), the Closing Date Revolving Facility Swingline Lender (as defined i
