Amendments to the Agreements. This Agreement should not be construed as precluding the Secured Parties from agreeing with the Debtors on amendments to the SPAC Credit Documents without the consent of Desjardins. Notwithstanding the foregoing, the consent of Desjardins will be required for any amendment to the SPAC Credit Documents which has the effect of (i) increasing the interest rate applicable to the SPAC Debt, (ii) shortening the maturity date of the SPAC Debt, (iii) changing the amount of the required payments under the SPAC Debt or changing the timing of such payments or (iv) changing the defaults or events of default under the SPAC Credit Documents other than changes of an immaterial nature. The consent of the Hypothecary Representative will be required for any amendment to the Desjardins Credit Documents which has the effect of (i) increasing the amount of the Desjardins Loan by an amount exceeding $5,000,000 in the aggregate, (ii) increasing the interest rate applicable to the Senior Debt by more than 200 basis points, (iii) shortening or postponing the maturity date of the Senior Debt, (iv) increasing the amount of the required payments under the Senior Debt or changing the timing of such payments or (v) changing the defaults or events of default under the Desjardins Loan Documents other than changes of an immaterial nature.
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Sources: Subscription Agreement (LeddarTech Holdings Inc.), Subscription Agreement (Prospector Capital Corp.)