On July 31, 2019, Cypress Semiconductor Corporation entered into the Agency Resignation and Appointment Agreement and Amendment No. 9 to Amended and Restated Credit and Guaranty Agreement, dated as of July 31, 2019, by and among the Company, the subsidiaries of the Company party thereto as Guarantors, the lenders party thereto, MUFG Bank Ltd., as successor administrative agent, as an issuing bank and as swing line lender, MUFG Union Bank, N.A., as successor collateral agent, Morgan Stanley Senior Funding Inc. as outgoing administrative agent and collateral agent, and the other financial institutions party thereto (the “Amendment”). The Amendment amends the Amended and Restated Credit and Guaranty Agreement, dated as of March 12, 2015, by and among the Company, the subsidiaries of the Company party thereto as Guarantors, the lenders party thereto, Morgan Stanley Senior Funding Inc., as administrative agent and as collateral agent, and Morgan Stanley Bank, N.A., as issuing bank (as amended, modified or supplemented, the “Credit Agreement”). The amendment amends the Credit Agreement to, among other things, increase the revolving commitments from $540.0 million to $700.0 million, extend the termination date of the revolving commitments from March 12, 2020 to January 31, 2021, provide the Company with an option to extend the termination date of the revolving commitments to July 31, 2021, and (iv) reduce the applicable margin for the revolving loans. After giving effect to the Amendment, the revolving loans will bear interest, at the option of the Company, at the base rate plus an applicable margin of 0.25% to 0.75% or the Eurodollar rate plus an applicable margin of 1.25% to 1.75%, in each case depending on the Company’s Total Leverage Ratio (as defined in the Credit Agreement). In connection with the Amendment, the Company repaid in full approximately $448 million aggregate principal amount of term loans outstanding under the Credit Agreement. As of the closing date of the Amendment and following such repayment, $447 million aggregate principal amount of revolving loans were outstanding under the Credit Agreement.