Exhibit 10.1
[Execution]
AMENDMENT NO. 1 TO CREDIT AGREEMENT
AMENDMENT NO. 1 TO CREDIT Agreement, dated as of December 10, 2015 (this
“Amendment No. 1”), is by and among J. C. Penney Company, Inc. (“Holdings”), J.
C. Penney Corporation, Inc. (“Parent Borrower”), J. C. Penney Purchasing
Corporation (“Purchasing,” and together with Parent Borrower, individually, a
“Borrower” and collectively, “Borrowers”), the parties to the Collateral
Agreement (as defined in the Credit Agreement (as defined below)) as guarantors
(individually, a “Guarantor” and collectively, “Guarantors”), Wells Fargo Bank,
National Association, as Administrative Agent (in such capacity, “Administrative
Agent”) for the parties to the Credit Agreement as lenders (individually, a
“Lender” and collectively, “Lenders”) and Revolving Agent (in such capacity,
“Revolving Agent”), Bank of America, N.A., as Term Agent (in such capacity,
“Term Agent,” and together with Administrative Agent and Revolving Agent,
individually an “Agent” and collectively, “Agents”), Wells Fargo Bank, National
Association and Bank of America, N.A., as co-collateral agents (collectively, in
such capacity, the “Co-Collateral Agents”), and Lenders.
W I T N E S S E T H :
WHEREAS, Agents, Lenders, Borrowers and Guarantors have entered into financing
arrangements pursuant to which Lenders have made and may make loans and advances
and provide other financial accommodations to Borrowers as set forth in the
Credit Agreement, dated as of June 20, 2014, by and among Agents, Lenders,
Borrowers and Holdings (as from time to time amended, modified, supplemented,
extended, renewed, restated or replaced, the “Credit Agreement”, and together
with all agreements, documents and instruments at any time executed and/or
delivered in connection therewith or related thereto, as from time to time
amended, modified, supplemented, extended, renewed, restated, or replaced,
collectively, the “Loan Documents”);
WHEREAS, Borrowers and Guarantors have requested an increase in the Revolving
Maximum Credit (as defined in the Credit Agreement) by $500,000,000 and certain
other amendments to the Credit Agreement as set forth herein;
WHEREAS, Borrowers and Guarantors have advised Agents and Lenders that,
concurrently with the increase in the Revolving Maximum Credit, Borrowers will
repay the Term Loans (as defined in the Credit Agreement) in full with available
cash of Borrowers or with proceeds of any Revolving Loans received by the
Borrowers on the Amendment No. 1 Effective Date (as defined below) and desire to
terminate the arrangements under the Credit Agreement with respect to the Term
Loans;
WHEREAS, Agents and Lenders are willing to agree to such increase and such other
amendments to the Credit Agreement as set forth herein, subject to terms and
conditions set forth herein; and
WHEREAS, by this Amendment No. 1, Agents, Lenders, Borrowers and Guarantors
intend to evidence such increase, repayment and termination and other
amendments.
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and
covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

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Definitions.

1.1Amendments to Definitions.

(a)The definition of the term “Change in Control” in Section 1.01 of the Credit
Agreement is hereby deleted in its entirety and replaced with the following:

““Change in Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person other than Holdings or a
wholly owned Subsidiary of Holdings of any Equity Interest in the Parent
Borrower; (b) the acquisition of ownership, directly or indirectly, beneficially
or of record, by any Person or group (within the meaning of the Securities
Exchange Act of 1934 and the rules of the Securities and Exchange Commission
thereunder as in effect on the Closing Date) other than any retirement or
savings plan for employees of Holdings and its Subsidiaries, of Equity Interests
representing more than 42.5% of either the aggregate ordinary voting power or
the aggregate equity value represented by the issued and outstanding Equity
Interests in Holdings; (c) occupation of a majority of the seats (other than
vacant seats) on the board of directors of Holdings by Persons who were neither
(i) nominated or approved by the board of directors of Holdings, or a committee
thereof, nor (ii) appointed or approved by directors so nominated; or (d) the
occurrence of any “change in control” (or similar event, however denominated),
under and as defined in any indenture or other agreement or instrument
evidencing, governing the rights of the holders of or otherwise relating to any
Material Indebtedness. Notwithstanding the foregoing, the acquisition by a
financial institution of Equity Interests in Holdings acquired by such financial
institution pursuant to an underwriting arrangement in the ordinary course of
its business shall not constitute a “Change in Control”.”
(b)The definition of the term “Agents” in Section 1.01 of the Credit Agreement
is hereby deleted in its entirety and replaced with the following:

““Agents” means Administrative Agent, Co-Collateral Agents, LC Agent, and
Revolving Agent, each in such capacity.”
(c)The definition of the term “Term Lenders” in Section 1.01 of the Credit
Agreement is hereby deleted in its entirety and replaced with the following:

““Term Lenders” means the Persons listed on Schedule 2.01 as a Lender having a
Term Commitment and any other Person that shall have become a party hereto as a
Term Lender pursuant to an Assignment and Assumption or pursuant to Section 2.22
or 2.23, other than any such Person that ceases to be a party hereto pursuant to
an Assignment and Assumption or any Term Lender whose Term Loans have been
repaid in full.”
1.2Additional Definitions. As used herein, the following terms shall have the
meaning given to them below:

(a)“Amendment No. 1” means this Amendment No. 1 to Credit Agreement, dated as of
December 10, 2015, by and among Agents, Lenders, and Loan Parties.

(b)“Amendment No. 1 Effective Date” means the first date on which the conditions
precedent set forth in Section 9 of Amendment No. 1 are satisfied as set forth
in the notice from Administrative Agent to Parent Borrower provided for in
Section 9 of Amendment No. 1.

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(c)“Facility Increase Transactions” means the amendments to the Credit Agreement
provided for in Amendment No. 1, the repayment of the Term Loans provided for in
Amendment No. 1, the payments of fees and expenses in connection therewith and
other transactions related to any of the foregoing as provided in Amendment No.
1.

1.3Interpretation. For purposes of this Amendment No. 1, all terms used herein
which are not otherwise defined herein shall have the respective meanings
assigned thereto in the Credit Agreement as amended by this Amendment No. 1.

Section 2.    Revolving Commitment Increase. On the Amendment No. 1 Effective
Date:

2.1the aggregate amount of the Revolving Commitments of all Revolving Lenders
shall be increased by $500,000,000 to a total amount of $2,350,000,000 pursuant
to a Revolving Commitment Increase in accordance with the terms of Section 2.22
of the Credit Agreement;

2.2the Revolving Commitment of each Revolving Lender shall be in the amount set
forth on the attached Amended and Restated Schedule 2.01 to Amendment No. 1,
which schedule shall replace and supersede in its entirety the existing Schedule
2.01 to the Credit Agreement; and

2.3each party to Amendment No. 1 as a Revolving Lender that is not a Revolving
Lender prior to the Amendment No. 1 Effective Date shall be a Revolving Lender
with a Revolving Commitment in the amount for such Revolving Lender set forth on
the Amended and Restated Schedule 2.01 to Amendment No. 1.

Section 3.    Repayment and Termination of Term Loans. On the Amendment No. 1
Effective Date:

3.1the financing arrangements relating to the Term Loans and all obligations as
among Administrative Agent, Term Agent, Term Lenders, Borrowers and Guarantors
pursuant to the Loan Documents for the Term Loans shall be automatically
terminated, canceled and of no further force and effect;

3.2Administrative Agent, Term Agent and Term Lenders shall have no further
obligation in respect of Term Loans or to make any Additional Term Loans or have
any other duties or responsibilities in connection with the Loan Documents; and

3.3all security interests, encumbrances and liens upon, and pledges, mortgages
or other assignments of, any and all properties and assets of each Loan Party
heretofore granted by such Loan Party to Administrative Agent pursuant to any
Loan Document shall not secure any Obligations in respect of the Term Loans (but
shall in all respects continue to secure the Obligations in respect of all other
Loans and other Obligations).

Section 4.    Resignation of Term Agent. On the Amendment No. 1 Effective Date:

4.1Bank of America, N.A. hereby resigns as Term Agent under the Credit Agreement
and the other Loan Documents and such resignation shall be effective as of the
Amendment No. 1 Effective Date and from and after the Amendment No. 1 Effective
Date there shall be no Term Agent under the Credit Agreement; and

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4.2    Term Agent is hereby released and discharged from each and all of its
obligations and duties as Term Agent under the Credit Agreement and the other
Loan Documents, subject to rights reserved to a resigning Term Agent under the
terms of the Credit Agreement.

Section 5.    Minimum Excess Availability Covenant. On the Amendment No. 1
Effective Date, Section 6.11 of the Credit Agreement is hereby deleted in its
entirety and replaced with the following:

“Section 6.11. Minimum Excess Availability. Loan Parties shall maintain minimum
Excess Availability at all times of not less than (a) $200,000,000 in the event
that 10% of the Revolving Credit Line Cap is equal to or greater than
$200,000,000 or (b) the greater of (i) 10% of the Revolving Credit Line Cap or
(ii) $150,000,000 in the event that 10% of the Revolving Credit Line Cap is less
than $200,000,000.”
Section 6.     Amendments and Waivers. On the Amendment No. 1 Effective Date,
Section 9.02 of the Credit Agreement is hereby amended by deleting all
references to the term “Term Agent” or “Required Term Lenders” in such Section.

Section 7.     Lead Arrangers.

7.1On the Amendment No. 1 Effective Date, the first paragraph of the Credit
Agreement is hereby deleted in its entirety and replaced with the following:

“CREDIT AGREEMENT dated as of June 20, 2014 (the “Agreement”), among J. C.
PENNEY COMPANY, INC. (“Holdings”), J. C. PENNEY CORPORATION, INC. (“Parent
Borrower”), J. C. PENNEY PURCHASING CORPORATION (“Purchasing”), the lenders
listed on the signature pages hereof or pursuant to any joinder hereto or
through an assignment as Revolving Lenders, WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Administrative Agent (in such capacity, “Administrative Agent”)
and Revolving Agent (in such capacity, “Revolving Agent”), WELLS FARGO BANK,
NATIONAL ASSOCIATION and BANK OF AMERICA, N.A., as co-collateral agents
(collectively, in such capacity, the “Co-Collateral Agents”), WELLS FARGO BANK,
NATIONAL ASSOCIATION, as LC Agent (in such capacity, “LC Agent”), WELLS FARGO
BANK, NATIONAL ASSOCIATION, J.P. MORGAN SECURITIES LLC, BANK OF AMERICA, N.A.,
BARCLAYS BANK PLC, CITIZENS BANK, NATIONAL ASSOCIATION, HSBC BANK USA, N.A.,
GOLDMAN SACHS BANK USA, REGIONS BUSINESS CAPITAL, A DIVISION OF REGIONS BANK,
SUNTRUST ROBINSON HUMPHREY, INC. and CIT FINANCE LLC as Revolving Joint
Bookrunners and Revolving Joint Lead Arrangers (collectively “Lead Arrangers”),
BANK OF AMERICA, N.A., as Syndication Agent (in such capacity, “Syndication
Agent”), and J.P. MORGAN SECURITIES LLC, BARCLAYS BANK PLC, GOLDMAN SACHS BANK
USA, HSBC BANK USA, N.A., CIT FINANCE LLC, CITIZENS BANK, NATIONAL ASSOCIATION,
REGIONS BANK and SUNTRUST BANK as Joint Documentation Agents (in such capacity,
“Joint Documentation Agents”).”
7.2    On the Amendment No. 1 Effective Date, the first page of the Credit
Agreement is hereby replaced with the text on Exhibit A to this Amendment No. 1.

Section 8.     Representations and Warranties. Each Loan Party represents and
warrants to Lenders that:

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8.1As of the Amendment No. 1 Effective Date, and after giving effect to the
Facility Increase Transactions, no Default has occurred and is continuing.

8.2The Facility Increase Transactions provided for herein (a) will not violate
or result in a default under any material provision of any indenture, agreement
or other instrument binding upon Holdings or any of its Subsidiaries or its
assets, or give rise to a right thereunder to require any payment to be made by
Holdings or any Subsidiary, and (b) will not result in the creation or
imposition of any Lien on any asset of Holdings or any of its Subsidiaries,
except Liens created under the Security Documents.

8.3This Amendment No. 1 to be entered into by each Loan Party is within such
Loan Party’s organizational power and has been duly authorized by all necessary
organizational and, if required, stockholder action. This Amendment No. 1 has
been duly executed and delivered by each Loan Party which is a party hereto and
constitutes a legal, valid and binding obligation of each Loan Party,
enforceable against such Loan Party in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
transfer or other laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

Section 9.    Conditions Precedent. The Revolving Commitment Increase provided
for herein and the other amendments to the Credit Agreement contained herein
shall only be effective upon the date on which each of the following conditions
is satisfied:

9.1Administrative Agent shall have received each of the following:

(a)an original or original counterparts (or a telefacsimile or other electronic
copy, including an email with a pdf) of this Amendment No. 1, duly authorized,
executed and delivered by Borrowers, Guarantors, Administrative Agent, each
Augmenting Revolving Lender, and such other Lenders as may constitute Required
Lenders;

(b)a favorable written opinion (addressed to the Administrative Agent, the
Issuing Banks and the Revolving Lenders and dated the Amendment No. 1 Effective
Date) of each of Skadden, Arps, Slate, Meagher & Flom LLP, special New York
counsel for the Loan Parties, and Janet Link, General Counsel of Holdings,
covering such matters relating to the Loan Parties, the Loan Documents or the
Facility Increase Transactions as the Administrative Agent or the Revolving
Lenders shall reasonably request (and each of Holdings, the Parent Borrower and
Purchasing hereby requests such counsel to deliver such opinions);

(c)such customary documents and certificates as the Administrative Agent or its
counsel may reasonably request relating to the organization, existence and good
standing of each Loan Party, the authorization of the Facility Increase
Transactions and any other legal matters relating to the Loan Parties, the Loan
Documents or the Facility Increase Transactions, all in form and substance
reasonably satisfactory to the Administrative Agent and its counsel;

(d)a certificate, dated the Amendment No. 1 Effective Date and signed by the
President, a Vice President or a Financial Officer of the Parent Borrower,
confirming compliance with each of the conditions set forth in Sections 9.2, 9.3
and 9.4 of Amendment No. 1 as of the Amendment No. 1 Effective Date; and

(e)the Borrowing Base Certificate for the Borrowers’ fiscal month of October
2015.

9.2Each of the conditions set forth in Section 2.22(a) of the Credit Agreement
shall be satisfied.

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9.3The representations and warranties of the Loan Parties set forth in the Loan
Documents shall be true and correct (or, in the case of any representation or
warranty not qualified as to materiality, true and correct in all material
respects) on and as of the Amendment No. 1 Effective Date, except to the extent
that such representations and warranties relate to an earlier date, in which
case they shall have been true and correct (or, in the case of any
representation or warranty not qualified as to materiality, true and correct in
all material respects) as of such earlier date.

9.4At the time of and immediately after giving effect to the Revolving
Commitment Increase and the other terms and conditions of this Amendment No. 1,
no Default shall have occurred and be continuing.

9.5Substantially contemporaneously with the effectiveness of Amendment No. 1,
Borrowers shall have repaid in full all Obligations under the Term Loans and all
commitments in respect thereof shall have been terminated in accordance with the
terms of the payoff letter with respect thereto and Administrative Agent shall
have received such payoff letter with respect to the repayment of the Term Loans
and related Obligations owing to each Term Lender executed and delivered by Term
Agent on behalf of each such Term Lender.

9.6Excess Availability, after giving effect to the Facility Increase
Transactions, and after provision for payment of all fees and expenses related
thereto, shall be not less than $850,000,000.

9.7All costs, fees and expenses contemplated hereby due and payable on the
Amendment No. 1 Effective Date to Administrative Agent, Lead Arrangers and
Lenders in respect of the Revolving Commitment Increase shall have been paid by
Borrowers to the extent invoiced to Borrowers within 5 days prior to the
Amendment No. 1 Effective Date.

Administrative Agent shall notify Parent Borrower of the Amendment No. 1
Effective Date and such notice shall be conclusive and binding.
Section 10.Waiver of Delivery of Notice of Prepayment and Termination. Pursuant
to Section 9.02(b) of the Credit Agreement, each of the parties hereto hereby
waives the notice requirements under Section 2.10(f) of the Credit Agreement
with respect to the notice of prepayment of the Term Loans as contemplated
herein and hereby agrees that delivery of the Notice of Prepayment and
Termination by the Parent Borrower to the Term Agent on December 9, 2015
satisfies the requirement of Section 2.10(f) of the Credit Agreement.

Section 11.    Effect of Amendment No. 1. Except as expressly set forth herein,
no other amendments, changes or modifications to the Loan Documents are intended
or implied, and in all other respects the Loan Documents are hereby specifically
ratified, restated and confirmed by all parties hereto as of the effective date
hereof and Loan Parties shall not be entitled to any other or further amendment
by virtue of the provisions of this Amendment No. 1 or with respect to the
subject matter of this Amendment No. 1. Without limiting the generality of the
foregoing, each Guarantor hereby acknowledges and confirms that its guarantee of
the Obligations is in full force and effect in accordance with its terms and is
hereby ratified and confirmed and such continuing liability shall not be
affected by this Amendment No. 1, nor shall anything contained in this Amendment
No. 1 be deemed to limit or otherwise affect its obligations under such
guarantee. To the extent of conflict between the terms of this Amendment No. 1
and the other Loan Documents, the terms of this Amendment No. 1 shall control.
The Credit Agreement and this Amendment No. 1 shall be read and construed as one
agreement. This Amendment No. 1 is a Loan Document. The Credit Agreement remains
in full force and effect, and nothing contained in this Amendment No. 1 will
constitute a waiver of any right, power or remedy under the Credit Agreement.

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Section 12.    Governing Law. The validity, interpretation and enforcement of
this Amendment No. 1 and any dispute arising out of the relationship between the
parties hereto whether in contract, tort, equity or otherwise, shall be governed
by the internal laws of the State of New York but excluding any principles of
conflicts of law or other rule of law that would cause the application of the
law of any jurisdiction other than the laws of the State of New York.

Section 13.    Jury Trial Waiver. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AMENDMENT NO. 1, ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)
ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER
INTO THIS AMENDMENT NO. 1 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 12.

Section 14.    Binding Effect. This Amendment No. 1 shall be binding upon and
inure to the benefit of each of the parties hereto and their respective
successors and assigns.

Section 15.    Entire Agreement. This Amendment No. 1 represents the entire
agreement and understanding concerning the subject matter hereof among the
parties hereto, and supersedes all other prior agreements, understandings,
negotiations and discussions, representations, warranties, commitments,
proposals, offers and contracts concerning the subject matter hereof, whether
oral or written.

Section 16.    Headings. The headings listed herein are for convenience only and
do not constitute matters to be construed in interpreting this Amendment No. 1.

Section 17.    Counterparts. This Amendment No. 1 may be executed in any number
of counterparts, each of which shall be an original, but all of which taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of this Amendment No. 1 by telefacsimile or other electronic method
of transmission (including email with a pdf) shall have the same force and
effect as delivery of an original executed counterpart of this Amendment No. 1.
Any party delivering an executed counterpart of this Amendment No. 1 by
telefacsimile or other electronic method of transmission (including email with a
pdf) shall also deliver an original executed counterpart of this Amendment No.
1, but the failure to do so shall not affect the validity, enforceability, and
binding effect of this Amendment No. 1.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be
duly executed and delivered as of the day and year first above written.

J. C. PENNEY CORPORATION, INC.
J. C. PENNEY COMPANY, INC.

By:     /s/ Michael Porter
Name: Michael Porter
Title: Vice President and Treasurer

J. C. PENNEY PURCHASING CORPORATION
JCP REAL ESTATE HOLDINGS, INC.
J. C. PENNEY PROPERTIES, INC.

By:     /s/ Gary Piper    
Name: Gary Piper
Title: Vice President, Treasurer

[SIGNATURES CONTINUE ON NEXT PAGE]

[Amendment No. 1 to Credit Agreement]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Revolving Agent
and Co-Collateral Agent

By:     /s/ Danielle Baldinelli                
Name: Danielle Baldinelli
Title: Director         

WELLS FARGO BANK, NATIONAL ASSOCIATION, as LC Issuer, as a Lender and as Swing
Line Lender

By:     /s/ Danielle Baldinelli                
Name: Danielle Baldinelli
Title: Director         

[SIGNATURES CONTINUE ON NEXT PAGE]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

BANK OF AMERICA, N.A.,
as Term Agent and Co-Collateral Agent

By: /s/ Paley Chen                     
Name: Paley Chen
Title: Vice President

BANK OF AMERICA, N.A.,
as a Lender

By: /s/ Christine Hutchinson                    
Name: Christine Hutchinson
Title: Director

[SIGNATURES CONTINUE ON NEXT PAGE]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

JPMORGAN CHASE BANK, N.A.,
as a Lender

By:     /s/ Barry K. Bergman                
Name: Barry K. Bergman     
Title: Managing Director

[SIGNATURES CONTINUE ON NEXT PAGE]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

BARCLAYS BANK PLC,
as a Lender

By:     /s/ Ronnie Glenn                
Name: Ronnie Glenn     
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

CITIZENS BANK, NATIONAL ASSOCIATION,
as a Lender

By:     /s/ Michael J. Ganann                
Name: Michael J. Ganann
Title: Senior Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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HSBC BANK USA, N.A.,
as a Lender

By:     /s/ Brian Gingue                 
Name: Brian Gingue
Title: Senior Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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GOLDMAN SACHS BANK USA,
as a Lender

By:     /s/ Jerry Li                 
Name: Jerry Li
Title: Authorized Signatory

[SIGNATURES CONTINUE ON NEXT PAGE]

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REGIONS BANK,
as a Lender

By:     /s/ Connie Ruan                 
Name: Connie Ruan
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

CIT FINANCE LLC,
as a Lender

By:     /s/ Avinash Nainani                 
Name: Avinash Nainani
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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SIEMENS FINANCIAL SERVICES, INC.,
as a Lender

By: /s/ John Finore                     
Name: John Finore
Title: Vice President

By:     /s/ Jeffrey Berger                 
Name: Jeffrey Berger
Title: VP, Head of Business Administration

[SIGNATURES CONTINUE ON NEXT PAGE]

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EVERBANK,
as a Lender

By:     /s/ Mark Fagnani                 
Name: Mark Fagnani
Title: Senior Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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RB INTERNATIONAL FINANCE (USA) LLC,
as a Lender

By:     /s/ John A. Valiska                 
Name: John A. Valiska
Title: First Vice President

By:     /s/ Steven VanSteenbergen                 
Name: Steven VanSteenbergen
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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NYCB SPECIALTY FINANCE COMPANY, LLC,
as a Lender

By: /s/ William D. Dickerson, Jr.                 
Name: William D. Dickerson, Jr.     
Title: Senior Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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BMO HARRIS BANK N.A.,
as a Lender

By:     /s/ Kara Goodwin                 
Name: Kara Goodwin
Title: Managing Director

[SIGNATURES CONTINUE ON NEXT PAGE]

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FIFTH THIRD BANK,
as a Lender

By:     /s/ Brian Anderson                
Name: Brian Anderson
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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SUNTRUST BANK,
as a Lender

By: /s/ J. Matney Gornall                
Name: J. Matney Gornall    
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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TD BANK, N.A.,
as a Lender

By:     /s/ Virginia Pulverenti                 
Name: Virginia Pulverenti
Title: Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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CITY NATIONAL BANK, A NATIONAL BANKING
ASSOCIATION,
as a Lender

By:     /s/ Robert Yasuda                 
Name: Robert Yasuda
Title: Senior Vice President

[SIGNATURES CONTINUE ON NEXT PAGE]

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WOODFOREST NATIONAL BANK,
as a Lender

By:     /s/ Tim Hanchett                
Name: Tim Hanchett
Title: Senior Vice President

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Amended and Restated Schedule 2.01
to
Amendment No. 1 to Credit Agreement
Commitments

Revolving Commitments:

Lender
Revolving Commitment
Wells Fargo Bank, National Association
$495,000,000
JPMorgan Chase Bank, N.A.
$365,000,000
Bank of America, N.A.
$348,000,000
Barclays Bank PLC
$196,000,000
Citizens Bank, National Association
$125,000,000
HSBC Bank USA, N.A.
$115,000,000
Goldman Sachs Bank USA
$100,000,000
Ally Bank
$95,000,000
Regions Bank
$75,000,000
Siemens Financial Services, Inc.
$70,000,000
SunTrust Bank
$70,000,000
CIT Finance LLC
$65,000,000
BMO Harris Bank N.A.
$35,000,000
EverBank
$35,000,000
Fifth Third Bank
$35,000,000
TD Bank, N.A.
$35,000,000
City National Bank
$25,000,000
NYCB Specialty Finance Company, LLC
$23,000,000
Woodforest National Bank
$23,000,000
CF Lending, LLC (GECC affiliate)
$10,000,000
RB International Finance (USA) LLC
$10,000,000
TOTAL:
$2,350,000,000
 
 
 

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Exhibit A
to
Amendment No. 1 to Credit Agreement
CREDIT AGREEMENT
dated as of June 20, 2014
(as amended as of December 10, 2015)
among
J. C. PENNEY COMPANY, INC.,
J. C. PENNEY CORPORATION, INC.,
J. C. PENNEY PURCHASING CORPORATION,

The Lenders Party Hereto,
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent, Revolving Agent and Swingline Lender

WELLS FARGO BANK, NATIONAL ASSOCIATION and BANK OF AMERICA, N.A.,
as Co-Collateral Agents
and
WELLS FARGO BANK, NATIONAL ASSOCIATION, as LC Agent
WELLS FARGO BANK, NATIONAL ASSOCIATION
J.P. MORGAN SECURITIES LLC
BANK OF AMERICA, N.A.
BARCLAYS BANK PLC
CITIZENS BANK, NATIONAL ASSOCIATION
HSBC BANK USA, N.A.
GOLDMAN SACHS BANK USA
REGIONS BUSINESS CAPITAL, A DIVISION OF REGIONS BANK
SUNTRUST ROBINSON HUMPHREY, INC.
CIT FINANCE LLC
as Revolving Joint Bookrunners and Revolving Joint Lead Arrangers
BANK OF AMERICA, N.A.
as Syndication Agent
and
J.P. MORGAN SECURITIES LLC,
BARCLAYS BANK PLC
GOLDMAN SACHS BANK USA
HSBC BANK USA, N.A.
CIT FINANCE LLC
CITIZENS BANK, NATIONAL ASSOCIATION
REGIONS BANK
SUNTRUST BANK
as Joint Documentation Agents