Exhibit 10.1

FIRST AMENDMENT TO TENTH AMENDED AND RESTATED CREDIT AGREEMENT

This First Amendment to Tenth Amended and Restated Credit Agreement (this
“Amendment”) dated as of August 12, 2015 is entered into among:

RESTORATION HARDWARE, INC., a Delaware corporation, as a Domestic Borrower and
the Lead Borrower;

the OTHER DOMESTIC BORROWERS party hereto;

RESTORATION HARDWARE CANADA, INC., a British Columbia company, as the Canadian
Borrower;

the GUARANTORS party hereto;

the LENDERS party hereto, and

BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent;

in consideration of the mutual covenants herein contained and benefits to be
derived herefrom.

WITNESSETH:

WHEREAS, reference is made to that certain Tenth Amended and Restated Credit
Agreement dated as of November 24, 2014 (as heretofore or hereafter amended,
restated, supplemented or otherwise modified and in effect from time to time,
the “Credit Agreement”) by, among others, the Lead Borrower, the Other Domestic
Borrowers, the Canadian Borrower, the Guarantors, the Lenders party thereto, and
the Agent;

WHEREAS, the Borrowers have requested that the Agent and the Lenders agree to
amend the Credit Agreement in the manner specified herein; and

WHEREAS, the Agent and the Lenders party hereto (which constitute Required
Lenders) are willing to agree to so amend, subject to the terms and conditions
set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements herein contained and
benefits to be derived herefrom, the parties hereto agree as follows:

 

1. Definitions. Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

 

2. Amendment to Credit Agreement. Section 1.01 of the Credit Agreement is hereby
amended by amending and restating clause (b) of the definition of “Change of
Control” set forth therein so it reads in its entirety as follows:

“(b) during any period of 12 consecutive months, a majority of the members of
the board of directors or other equivalent governing body of Holdings cease to
be composed of individuals (i) who were members of that board or equivalent
governing body on the first day of such period, (ii) whose election or
nomination to that board or equivalent governing body was approved by
individuals referred to in clause (i) above constituting at the time of such
election or nomination

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at least a majority of that board or equivalent governing body or (iii) whose
election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above and this
clause (iii) constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body; provided that, for the
avoidance of doubt, any individual nominated on behalf of any Permitted Holder
shall not be deemed violative of this clause (b); or”

 

3. Representations and Warranties.

 

  a. Each Loan Party hereby represents and warrants to the Agents and the
Lenders that (a) all representations and warranties of the Loan Parties
contained in the Credit Agreement and other Loan Documents are true and correct
in all material respects as of the date hereof, except to the extent that
(i) such representations and warranties are qualified as to “materiality”,
“Material Adverse Effect” or similar language, in which case they are true and
correct in all respects (as so qualified by “materiality”, “Material Adverse
Effect” or similar language) on and as of the date hereof, and (ii) such
representations and warranties relate to an earlier date, in which case they are
true and correct in all material respects (except to the extent such
representations and warranties are qualified as to “materiality”, “Material
Adverse Effect” or similar language, in which case they are true and correct in
all respects (as so qualified by “materiality”, “Material Adverse Effect” or
similar language)) on and as of such earlier date, and (b) no Default or Event
of Default has occurred and is continuing or would result from the effectiveness
of this Amendment.

 

  b. The transactions contemplated hereby are within such Loan Party’s corporate
or other organizational powers and have been duly authorized by all necessary
corporate, membership, partnership or other necessary action. The Credit
Agreement and each other Loan Document to which any Loan Party is a party, in
each case as amended hereby, (i) has been duly executed and delivered by each
Loan Party, and (ii) constitutes a legal, valid and binding obligation of such
Loan Party, enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium 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.

 

4. Miscellaneous.

 

  a. Except as amended hereby, all terms and conditions of the Credit Agreement
and the other Loan Documents remain in full force and effect. Without limiting
the foregoing, the Loan Parties hereby acknowledge, confirm and agree that the
Security Documents and any and all Collateral previously pledged to the
Administrative Agent, for the benefit of the Credit Parties shall continue to
secure all applicable Obligations at any time and from time to time outstanding
under the Credit Agreement and the other Loan Documents, as such Obligations
have been amended pursuant to this Amendment.

 

  b.

This Amendment may be executed in counterparts (and by different parties hereto
in different counterparts), each of which shall constitute an original, but all
of

 

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  which when taken together shall constitute a single contract. This Amendment
constitutes the entire contract among the parties relating to the subject matter
of this Amendment and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Delivery
of an executed counterpart of a signature page of this Amendment by telecopy or
other electronic image scan transmission (e.g., “pdf” or “tif” via e-mail) shall
be as effective as delivery of a manually executed counterpart of this
Amendment.

 

  c. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK.

[SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
as of the date first above written.

 

DOMESTIC BORROWERS: RESTORATION HARDWARE, INC., as Lead Borrower and as a
Domestic Borrower By:  

/s/ Karen Boone

Name:   Karen Boone Title:   Chief Financial and Administrative Officer

 

CANADIAN BORROWER: RESTORATION HARDWARE CANADA, INC., as Canadian Borrower By:  

/s/ Karen Boone

Name:   Karen Boone Title:   Director GUARANTORS: RH YOUNTVILLE, INC., as a
Guarantor By:  

/s/ Karen Boone

Name:   Karen Boone Title:   Chief Financial and Administrative Officer RH US,
LLC, as a Guarantor By:  

/s/ Karen Boone

Name:   Karen Boone Title:   Chief Financial and Administrative Officer RHM,
LLC, as a Guarantor By:  

/s/ Karen Boone

Name:   Karen Boone Title:   Chief Financial and Administrative Officer

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A., as Agent, a Domestic Lender, L/C Issuer and Swing Line
Lender By:  

/s/ Roger Malouf

Name:   Roger Malouf Title:   Director

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A. (ACTING THROUGH ITS CANADA BRANCH), as a Canadian Lender
and L/C Issuer By:  

/s/ Sylwia Durkiewicz

Name:   Sylwia Durkiewicz Title:   Vice President

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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JPMORGAN CHASE BANK, N.A., a Domestic Lender By:  

/s/ Jolinda N. Walden

Name:   Jolinda N. Walden Title:   Authorized Officer

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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TD BANK, N.A., a Domestic Lender By:  

/s/ Nick Malatestinic

Name:   Nick Malatestinic Title:   SVP Market Credit Manager

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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REGIONS BANK, a Domestic Lender By:  

/s/ Lisa Joseph

Name:   Lisa Joseph Title:   Vice President

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement

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WELLS FARGO BANK, NATIONAL ASSOCIATION, a Domestic Lender By:  

/s/ Lauren Murphy

Name:   Lauren Murphy Title:   Assistant Vice President

 

 

 

 

 

 

Signature Page to First Amendment to Tenth Amended and Restated Credit Agreement