Certain account details on page 14 have been redacted as they are both 1) immaterial and 2) the type of information that the Registrant customarily treats as private and confidential. Redacted information is indicated with [***].
THE SECURITIES REPRESENTED HEREBY (THE WARRANTS) WERE ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND THE WARRANTS MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF.
Bank of Montreal
55 Bloor Street West, 18th Floor
|Toronto, Ontario M4W 1A5|
|Telephone No.:   ###-###-####|
|Facsimile No.:   ###-###-####|
May 10, 2021
To: LCI Industries
4100 Edison Lakes Parkway, Suite 210
Mishawaka, Indiana 46545
Attention: Legal Department
Re: Base Warrants
The purpose of this letter agreement (this Confirmation) is to confirm the terms and conditions of the Warrants issued by LCI Industries (Company) to Bank of Montreal (Dealer) as of the Trade Date specified below (the Transaction). Dealer is acting as principal in this Transaction and BMO Capital Markets Corp. (Agent), its affiliate, is acting as agent for this Transaction solely in connection with Rule 15a-6 of the Exchange Act (as defined herein). This letter agreement constitutes a Confirmation as referred to in the ISDA Master Agreement specified below. Each party further agrees that this Confirmation together with the Agreement evidence a complete binding agreement between Company and Dealer as to the subject matter and terms of the Transaction to which this Confirmation relates, and shall supersede all prior or contemporaneous written or oral communications with respect thereto.
The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the Equity Definitions), as published by the International Swaps and Derivatives Association, Inc. (ISDA), are incorporated into this Confirmation. In the event of any inconsistency between the Equity Definitions and this Confirmation, this Confirmation shall govern.
Each party is hereby advised, and each such party acknowledges, that the other party has engaged in, or refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties entry into the Transaction to which this Confirmation relates on the terms and conditions set forth below.
1. This Confirmation evidences a complete and binding agreement between Dealer and Company as to the terms of the Transaction to which this Confirmation relates. This Confirmation shall be subject to an agreement (the Agreement) in the form of the 2002 ISDA Master Agreement as if Dealer and Company had executed an agreement in such form on the date hereof (but without any Schedule except for (i) the election of US Dollars (USD) as the Termination Currency, and (ii) (a) the election that the Cross Default provisions of Section 5(a)(vi) of the Agreement shall apply to Company with a Threshold Amount of USD 10,000,000, (b) the phrase or becoming capable at such time of being declared shall be deleted from clause (1) of such Section 5(a)(vi), and (c) the following language shall be added to the end thereof: Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute an Event of Default if (x) the default was caused solely by error or omission of an administrative or operational nature; (y) funds were available to enable the party to make the payment when due; and (z) the payment is made within two Local Business Days of such partys receipt of written notice of its failure to pay.). In the event of any inconsistency between provisions of the Agreement and this Confirmation, this