DocumentSUPPLEMENTAL INDENTURE
SUPPLEMENTAL INDENTURE No. 5 (this “Supplemental Indenture”), dated as of August 15, 2024, among LivePerson Netherlands B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands and registered with the Dutch Chamber of Commerce (Kamer van Koophandel) under number 57588805 (together with its successors and assigns under the Indenture, the “New Subsidiary Guarantor”), a Subsidiary of LivePerson, Inc., a Delaware corporation (together with its successors and assigns under the Indenture, the “Company”), the existing Subsidiary Guarantors (as defined in the Indenture referred to herein), the Company and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Collateral Agent”). The New Subsidiary Guarantor and the existing Subsidiary Guarantors are sometimes referred to collectively herein as the “Subsidiary Guarantors,” or individually as a “Subsidiary Guarantor.”
W I T N E S S E T H
WHEREAS, the Company and the existing Subsidiary Guarantors have heretofore executed and delivered to the Trustee and Collateral Agent an indenture, dated as of June 3, 2024 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Indenture”), relating to the First Lien Convertible Senior Notes due 2029 (the “Notes”) of the Company;
WHEREAS, Section 4.16 of the Indenture in certain circumstances requires the Company to cause a Subsidiary that is not an Excluded Subsidiary and is not then a Subsidiary Guarantor (i) to become a Subsidiary Guarantor by executing and delivering a supplemental indenture and (ii) to deliver an Opinion of Counsel to the Trustee and Collateral Agent as provided in such Section; and
WHEREAS, pursuant to Section 10.01(c) of the Indenture, the Company, the Subsidiary Guarantors and the Trustee and Collateral Agent are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder;
NOW THEREFORE, to comply with the provisions of the Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantor, the other Subsidiary Guarantors, the Company and the Trustee and Collateral Agent mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. The New Subsidiary Guarantor hereby agrees, jointly and severally, with all other Subsidiary Guarantors, to unconditionally guarantee
to each Holder and to the Trustee and Collateral Agent the Notes Obligations and agree to be a Subsidiary Guarantor under the Indenture and be bound by the terms of the Indenture applicable to Subsidiary Guarantors, including, but not limited to, Article 18. The obligations of the Subsidiary Guarantors to the Holders of Notes and to the Trustee and Collateral Agent pursuant to the Note Guarantees and the Indenture are expressly set forth in Article 18 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantees.
3. EXECUTION AND DELIVERY. The New Subsidiary Guarantor agrees that its Note Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee.
4. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
5. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy will be an original, and all of them together represent the same agreement. Delivery of an executed counterpart to this Supplemental Indenture by facsimile, electronically in portable document format or in any other format will be effective as delivery of a manually or electronically executed counterpart.
6. EFFECT OF HEADINGS. The headings of the sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions of this Indenture.
7. THE TRUSTEE AND COLLATERAL AGENT. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee and Collateral Agent by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee and Collateral Agent, subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee and Collateral Agent with respect hereto. The Trustee and Collateral Agent make no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto.
8. RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
9. EFFECTIVENESS. This Supplemental Indenture shall become operative and effective as of the date hereof upon the execution and delivery hereof by the parties and concurrently with (i) that certain Supplemental Indenture No. 1, dated as of the date hereof, by and among e-bot7 GmbH, LivePerson Germany GmbH, the Company, the existing Subsidiary Guarantors party thereto and the Trustee and Collateral Agent, (ii) that certain Supplemental Indenture No. 2, dated as of the date hereof, by and among LivePerson (UK) Limited, the Company, the existing Subsidiary Guarantors party thereto and the Trustee and Collateral Agent, (iii) that certain Supplemental Indenture No. 3, dated as of the date hereof, by and among LivePerson Australia Pty Ltd ACN 605 854 680, the Company, the existing Subsidiary Guarantors party thereto and the Trustee and Collateral Agent and (iv) that certain Supplemental Indenture No. 4, dated as of the date hereof, by and among LivePerson Canada, Inc., the Company, the existing Subsidiary Guarantors party thereto and the Trustee and Collateral Agent.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first written above.
LIVEPERSON NETHERLANDS B.V.
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| By: | /s/ John Collins |
Name: John Collins Title: Managing Director |
LIVEPERSON, INC.
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| By: | /s/ John Collins |
Name: John Collins Title: Chief Financial Officer and Chief Operating Officer |
[Signature Page to Supplemental Indenture No. 5]
EXISTING SUBSIDIARY GUARANTORS:
BELLA GROUP LLC
LIVEPERSON LLC
KATO ACQUISITION SUB, INC.
CLAIRE DEVELOPMENT, INC.
CALLINIZE, INC.
VOICEBASE, INC.
PROFICIENT SYSTEMS, INC.
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| By: | /s/ John Collins |
Name: John Collins Title: Treasurer |
LIVEPERSON AUTOMOTIVE, LLC
LIVEPERSON IP HOLDING LLC
By: LIVEPERSON, INC., its member
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| By: | /s/ John Collins |
Name: John Collins Title: Chief Financial Officer and Chief Operating Officer |
[Signature Page to Supplemental Indenture No. 5]
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Collateral Agent
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| By: | /s/ Bradley E. Scarbrough |
Name: Bradley E. Scarbrough Title: Vice President |
[Signature Page to Supplemental Indenture No. 5]