JOINDER AND AMENDMENT NO. 5 TO AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • May 3rd, 2019 • Preformed Line Products Co • Water, sewer, pipeline, comm & power line construction • Ohio
This JOINDER AND AMENDMENT NO. 5 TO AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”), is entered into as of April 25, 2019, by and among PREFORMED LINE PRODUCTS COMPANY, an Ohio corporation (“PLP”), PREFORMED LINE PRODUCTS (AUSTRALIA) PTY LTD., a corporation incorporated under the laws of the Commonwealth of Australia (“PLP Australia”). BELOS-PLP S.A., a company organized under the laws of Poland (“PLP Poland”, and collectively with PLP and PLP Australia, the “Existing Borrowers”), and PT PREFORMED LINE PRODUCTS INDONESIA, a company organized under the laws of Indonesia (“PLP Indonesia”, and collectively with the Existing Borrowers, the “Borrowers” and each a “Borrower”), and PNC BANK, NATIONAL ASSOCIATION, a national banking association, its successors and assigns, as lender (“Bank”).
Term Note PNC $8,000,000 April 25, 2019Preformed Line Products Co • May 3rd, 2019 • Water, sewer, pipeline, comm & power line construction
FOR VALUE RECEIVED, PREFORMED LINE PRODUCTS COMPANY, a corporation incorporated under the laws of the State of Ohio (“PLP”), with an address at 660 Beta Drive, Mayfield Village, Ohio 44143, and PT PREFORMED LINE PRODUCTS INDONESIA, a company organized under the laws of Indonesia (“PLP Indonesia”; PLP and PLP Indonesia are each individually and collectively, the “Borrower”), with an address at MM2100 Industrial Area, Jalan Irian VIII Block NN No. 12, Bekasi, Jawa Barat 17530, Indonesia, jointly and severally, promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 1900 East Ninth Street, Cleveland, Ohio 44114, or at such other location as the Bank may designate from time to time, the principal sum of EIGHT MILLION DOLLARS ($8,000,000) (the “Facility”), together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
