**
**Exhibit 10.26**

**FOURTH AMENDMENT TO ELEVENTH AMENDED AND RESTATED CREDIT**

**AGREEMENT**

This FourthAmendment to Eleventh Amended and Restated Credit Agreement (this “Amendment”) dated as of May 31, 2019 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 Eleventh Amended and Restated Credit Agreement dated as of June 28, 2017 (as heretofore or hereafter amended, restated, supplemented or otherwise modified and in effect from time to time, the “CreditAgreement”) by, among others, the Lead Borrower, the Other Domestic Borrowers, the Canadian Borrower, the Guarantors, the Lenders party thereto, and the Agent; and 

WHEREAS, the parties to the Credit Agreement desire to modify certain other provisions of the Credit Agreement as provided herein. 

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

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

 
2.
**Representations and Warranties**. Each Loan Party hereby represents and warrants to the Agents andthe 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 on and as of the date hereof, except (i) to the extentthat such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (ii) in the case of any representation and warranty qualified by materiality, they are true andcorrect in all respects, and (b) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing or would result from the effectiveness of this Amendment. 
**

3.
**Ratification of Loan Documents**. The Credit Agreement, as hereby amended, and all other LoanDocuments, are hereby ratified and re-affirmed in all respects and shall continue in full force and effect. 

 
4.
**Amendment to Credit Agreement**. Effective as of February 28, 2019, Section 6.01(c) ofthe Credit Agreement is hereby amended and restated in its entirety as follows: 

“(c) at any time that the aggregateprincipal amount of outstanding Loans is greater than $0, as soon as available, but in any event within 30 days after the end of each of the Fiscal Months of each Fiscal Year of the Lead Borrower (except the last Fiscal Month of each of the firstthree Fiscal Quarters of each Fiscal Year), a consolidated balance sheet of Holdings and its Relevant Subsidiaries as at the end of such Fiscal Month, and the related consolidated statements of income or operations, Shareholders’ Equity andcash flows for such Fiscal Month, and for the portion of the Lead Borrower’s Fiscal Year then ended, setting forth in each case in comparative form the figures for (A) such period set forth in the projections delivered pursuant toSection 6.01(d) hereof, (B) the corresponding Fiscal Month of the previous Fiscal Year and (C) the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Lead Borrower asfairly presenting the financial condition, results of operations, Shareholders’ Equity and cash flows of Holdings and its Relevant Subsidiaries as of the end of such Fiscal Month in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes (providedthat, notwithstanding the foregoing, with respect to each of the Fiscal Months ending February 2019 and March 2019, the Loan Partiesshall deliver such Fiscal Month-end unaudited financial statements (and other information required by this Section 6.01(c)) to the Agent on or prior to June 19, 2019);” 

 
5.
**Conditions to Effectiveness**. This Amendment shall not be effective until each of the followingconditions precedent has been fulfilled to the satisfaction of the Agent: 

 
 a.
This Amendment shall have been duly executed and delivered by the Borrowers, the other Loan Parties, and theRequired Lenders party hereto. 

 
 b.
The Agent shall have received a copy of a First Amendment to Credit Agreement with respect to the Second LienLoan Agreement (as defined below) in form and substance satisfactory to the Agent, duly executed by the Borrowers, Guarantors, Second Lien Lenders (as defined below, as applicable) and BSP Agency, LLC, as administrative agent and collateral agent(the “Second Lien Agent”) under that certain Second Lien Term Loan Agreement dated as of April 9, 2019 (the “Second Lien Loan Agreement”) by and among the Borrowers, Guarantors, Second Lien Agent and thelenders party thereto (the “Second Lien Lenders”). 

 
 c.
All action on the part of the Borrowers and the other Loan Parties necessary for the valid execution, deliveryand performance by the Borrowers and the other Loan Parties of this Amendment and the other Loan Documents shall have been duly and effectively taken. 

 
 d.
After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.

****6.****
******Binding Effect**. The terms and provisions hereof shall be binding upon and inure to thebenefit of the parties hereto and their heirs, representatives, successors and assigns. 

 
7.
**Miscellaneous**. 

 
 a.
The parties acknowledge and agree that (i) this Amendment shall be retroactive to February 28, 2019,and (ii) the effect of this Amendment shall be to cure and waive any default or event of default occurring on or after February 28, 2019 and prior to the effectiveness of this Amendment related directly or indirectly to the Loan Partiesproviding monthly financial statements or other information to lenders under Section 6.01(c) of the Credit Agreement or otherwise for the Fiscal Months ending February 2019 and March 2019. 

 
 b.
The Borrowers shall reimburse the Agent and the Lenders for all reasonable out-of-pocket costs and expenses, including, reasonable attorneys’ fees of one primary counsel and necessary local counsel, in connection with or relating to this Amendment, such reimbursement to be madepromptly following the issuance to the Borrowers of an invoice with respect to such costs and expenses. 

 
 c.
Except as modified hereby, all terms and conditions of the Credit Agreement and the other Loan Documents remainin 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 pledged pursuant thereto to the 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 modified pursuant to this Amendment. 

 
 d.
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 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 supersedes anyand 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, pdf or other electronic transmission shall be as effectiveas delivery of a manually executed counterpart of this Amendment. 

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

[SIGNATURE PAGES FOLLOW] 

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

 
**DOMESTIC BORROWERS:**RESTORATION HARDWARE, INC., as Lead Borrower and as a Domestic BorrowerBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Chief Financial Officer, Treasurer and SecretaryRH US, LLC, as a Domestic BorrowerBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Chief Financial Officer, Treasurer and SecretaryWATERWORKS OPERATING CO., LLC, as a Domestic BorrowerBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Treasurer and SecretaryWATERWORKS IP CO., LLC, as a Domestic BorrowerBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Treasurer and Secretary**CANADIAN BORROWER:**RESTORATION HARDWARE CANADA, INC., as Canadian BorrowerBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Chief Financial Officer, Treasurer and Secretary
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

**GUARANTORS:**RH YOUNTVILLE, INC., as a GuarantorBy: 
/s/ Edward T. Lee
Name: Edward T. LeeTitle: SecretaryRHM, LLC, as a GuarantorBy: 
/s/ Jack Preston
Name: Jack PrestonTitle: Chief Financial Officer, Treasurer and Secretary
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

BANK OF AMERICA, N.A., as Agent, a Domestic

Revolving Lender, Term Lender, L/C Issuer and

Swing LineLender
By: 
/s/ Stephen J. Garvin        
Name: Stephen J. Garvin        Title: Managing Director        
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

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 Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

JP MORGAN CHASE, NA, as a Domestic Revolving Lender and a Term LenderBy: 
/s/ LynnBraun                    
Name: Lynn Braun        Title: Executive Director        
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Domestic Revolving Lender and a Term LenderBy: 
/s/ Brent E.Shay                    
Name: Brent E. Shay        Title: Director        
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*] 

BMO HARRIS BANK, N.A., as a Domestic Revolving Lender and a Term LenderBy: 
/s/ KaraGoodwin                    
Name: Kara Goodwin        Title: Managing Director        
[*Signature Page to Fourth Amendment to Eleventh Amended and Restated Credit Agreement*]