Document:

Exhibit

Exhibit 10.1

FIRST AMENDMENT

FIRST AMENDMENT, dated as of September 8, 2016 (this “Amendment”), to the Fifth Amended and Restated Credit Agreement, dated as of January 4, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among CONMED Corporation, a New York corporation (the “Parent Borrower”), the Foreign Subsidiary Borrowers (as defined therein) from time to time parties thereto, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to the Borrowers;

WHEREAS, the Parent Borrower has further requested that the Credit Agreement be amended as set forth herein; and

WHEREAS, Lenders constituting the Required Lenders are willing to agree to this Amendment on the terms set forth herein.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows:

SECTION 1.  Capitalized Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Credit Agreement.

SECTION 2.  Amendments.

(a)Amendments to Section 1.1 (Defined Terms). Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in proper alphabetical order:

“First Amendment”: the First Amendment to this Agreement, dated as of September 8, 2016.

“First Amendment Effective Date”: the date on which the conditions precedent set forth  in Section 3 of the First Amendment shall have been satisfied, which date is September 8, 2016.

(b)Amendments to Section 4.21 (Anti-Corruption Laws and Sanctions). Section 4.21 of the Credit Agreement is hereby amended by inserting at the end of clause (B) of the last sentence of Section 4.21 the following:

“to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a Person organized in any jurisdiction governed by the laws of the United States, the United Kingdom or in a European Union member state in which the Parent Borrower or any of its Subsidiaries is organized from time to time,”

(c)Amendments to Section 7.16 (Limitation on Use of Proceeds). Section 7.16 of the Credit Agreement is hereby amended by inserting at the end of clause (b) of Section 7.16 the following:

“to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a Person organized in any jurisdiction governed by the laws of the United States, the United Kingdom or in a European Union member state in which the Parent Borrower or any 

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of its Subsidiaries is organized from time to time,”

SECTION 3. Conditions to Effectiveness of Amendment. The amendments set forth in this Amendment shall become effective on the date (the “First Amendment Effective Date”) on which the following conditions precedent have been satisfied:

(a)The Administrative Agent shall have received this Amendment executed and delivered by the Administrative Agent, the Parent Borrower, each Foreign Subsidiary Borrower party to the Credit Agreement on the First Amendment Effective Date and Lenders constituting the Required Lenders.

(b)The Lenders and the Administrative Agent shall have received (to the extent invoiced at least two Business Days prior to the First Amendment Effective Date) all fees and reasonable and documented expenses required to be paid on or before the First Amendment Effective Date (including the reasonable and documented fees and expenses of one legal counsel) on or before the First Amendment Effective Date.

SECTION 4.  Representations and Warranties.  Each Borrower hereby represents and warrants that (a) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents are, after giving effect to this Amendment, true and correct in all material respects (or in all respects if qualified by materiality) on and as of the First Amendment Effective Date as if made on and as of the First Amendment Effective Date, except for representations and warranties expressly stated to  relate to a specific earlier date, in which case such representations and warranties were true and correct in all material respects (or in all respects if qualified by materiality) as of such earlier date and (b) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

SECTION 5.  Effects on Credit Documents. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and affect. Nothing herein shall be deemed to entitle the Parent Borrower or any Foreign Subsidiary Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.

(b)    On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

SECTION 6.  Expenses. The Parent Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of one counsel for the Administrative Agent.

SECTION 7.  GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 8.  Counterparts.  This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart 

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hereof. A set of the copies of this Amendment signed by all the parties shall be lodged with the Parent Borrower and the Administrative Agent.

SECTION 9.  Headings. The Section headings used in this Amendment are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.

[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written .

CONMED CORPORATION
as the Parent Borrower

By:  /s/ Daniel S. Jonas 
Name:  Daniel S. Jonas
Title:  EVP-Legal Affairs, General Counsel

LINVATEC NEDERLAND B.V.,
as a Foreign Subsidiary Borrower

By:  /s/ Daniel S. Jonas 
Name:  Daniel S. Jonas
Title:  Director

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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JPMORGAN CHASE BANK, N.A .,
as Administrative Agent and a Lender

By:  /s/ Jean Lamardo 
Name:  Jean Lamardo
Title:  Vice President

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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BANK OF AMERICA, N.A.,
as a Lender

By:  /s/ Karen D. Finnerty 
Name:  Karen D. Finnerty
Title:  Senior Vice President

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as a Lender 

By:  /s/ Melissa E. LoBocchiaro 
Name:  Melissa E. LoBocchiaro
Title:  Vice President

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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DNB CAPITAL LLC, 
as a Lender 

By:  /s/ Kristie Li 
Name:  Kristie Li
Title:  Senior Vice President

By:  /s/ Thomas Tangen 
Name:  Thomas Tangen
Title:  Senior Vice President 
Head of Corporate Banking

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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U.S. BANK NATIONAL ASSOCIATION, 
as a Lender 

By:  /s/ Jennifer Hwang 
Name:  Jennifer Hwang 
Title:  Senior Vice President

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 
as a Lender

By:  /s/ Scott O'Connell 
Name:  Scott O'Connell
Title:  Director

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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HSBC BANK USA, N.A., 
as a Lender 

By:  /s/ Bruce Yoder 
Name:  Bruce Yoder
Title:  SVP

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
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FIRST NIAGARA BANK N.A.,
as a Lender 

By:  /s/ Karen M. Constabile 
Name:  Karen M. Constabile
Title:  Vice President 

[Signature Page to First Amendment to Fifth Amended and Restated Credit Agreement]
E-12Exhibit

Exhibit 10.2

	
						
	
	 
	 
	 
	 
	 

	Guy A. Di Lella
	 
	520 Madison Avenue
	 
	221 Main Street

	Chief Human Resources Officer
	 
	23rd Floor
	 
	#1600

	 
	 
	New York, New York 10022
	 
	San Francisco, California 94105

	 
	 
	 
	 
	 

	 
	 
	tel: +1 650 534 9888
	 
	 

	 
	 
	guy.dilella@ca.com
	 
	 

July 22, 2016

Dear Kieran:

We are pleased that you have agreed to serve as interim Chief Financial Officer during this transitional period.  We consider your continued service and dedication the Company essential to our future success.  

To induce your continued employment and in recognition of your agreement to serve in the interim Chief Financial Role, effectively as of July 26, 2016 (the “Effective Date”), the Company offers you the following:

(a)    Cash Payments.  The Company will pay you a total cash bonus of $500,000 as follows: $250,000 on or around the 6-month anniversary of the Effective Date and $250,000 to be paid on around the first anniversary of the Effective date, subject to continued employment on each of the payment dates.  Notwithstanding the foregoing, in the event the Company terminates your employment without “cause” (as defined in your offer letter with the Company, dated July 13, 2014, the “Offer Letter”), any installments of these cash payments not already paid to you as of your termination date will be made to you pursuant to the schedule set forth above.  If your employment terminates for any other reason, including if you resign, you will forfeit any installments that have not been paid as of your termination date.

(b)    Equity grant: You will receive restricted stock units to be granted as of August 15, 2016 pursuant to the 2011 Incentive Plan with a grant date fair value for accounting purposes under FASB ASC Topic 718 of approximately $500,000, as determined by the Company based on its valuation methodology as of August 15, 2016 (the “RSUs”). The RSUs will vest and be settled in Company common shares as follows: 34% on the first anniversary of the grant date and 33% on each of the second and third anniversaries of the grant date, subject to continued service through each such date, and shall otherwise be governed by the terms set forth in the grant agreement provided by the Company.

All other terms around your employment and current compensation arrangements remain unchanged and will continue to be governed by your Offer Letter.  As an interim officer, you will not be eligible for participation in the Executive Severance Policy or the Change in Control Severance Policy.  Your employment continues to be at-will, meaning either you or the Company can end your employment at any time, subject to the terms of your Offer Letter and this retention letter.  

For the avoidance of doubt, as stated in your Offer Letter, in the event that the Company terminates your employment for any reason other than for “Cause” (as defined in Appendix A), you remain eligible to receive a severance payment in an amount equal to 12 (twelve) months of your annual base salary in effect at the time of your employment termination (the “Severance Payment”), subject to your execution and non-revocation of a release of claims as described in your Offer Letter. 

The amounts and benefits provided pursuant to this letter are intended to comply with the short term deferral exception to Section 409A of the Internal Revenue Code (the “Code”), set forth in Treas. Reg. § 1.409A-1(b)(4), and shall be interpreted accordingly.

This Letter Agreement constitutes the entire agreement between you and the Company with respect to the subject matter hereof and supersedes all prior oral and written agreements and understandings between you and the Company with respect to any related subject matter, provided however, the Offer Letter remains in full force and effect.    
 
We hope that this arrangement encourages your continued effective commitment to the Company.

Regards,

/s/ Guy A. Di Lella
Guy A. Di Lella
Chief Human Resources Officer

Agreed to and Accepted:

/s/ Kieran J. McGrath
Kieran J. McGrath

Date: 7/27/16

Appendix A 
For purposes of this letter, termination for “Cause" will mean employment termination for any of the following reasons: 

		
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	The Employee's engagement in conduct which is demonstrably and materially injurious to the Company and its affiliates from time to time (the “Group”), or that materially harms the reputation or financial position of the Group, unless the conduct in question was undertaken in good faith on an informed basis with due care and with a rational business purpose and based upon the honest belief that such conduct was in the best interest of the Group. 

		
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	The Employee's indictment or conviction of, or plea of guilty or nolo contendere to, a felony or any other crime involving dishonesty or fraud. 

		
	•
	The Employee's being found liable in any SEC or other civil or criminal securities law action or entering any cease and desist order with respect to such action (regardless of whether or not he admits or denies liability). 

		
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	The Employee's (i) obstructing or impeding, (ii) endeavoring to influence, obstruct or impede or (iii) failing to materially cooperate with, any investigation authorized by the Board or any governmental or self-regulatory entity (an "Investigation"). However, the Employee's failure to waive attorney-client privilege relating to communications with his own attorney in connection with an Investigation shall not constitute "Cause". 

		
	•
	The Employee's withholding, removing, concealing, destroying, altering or by any other means falsifying any material which is requested in connection with an Investigation. 

		
	•
	The Employee's disqualification or bar by any governmental or self-regulatory authority from serving in the capacity in which he was hired or his loss of any governmental or self-regulatory license that is reasonably necessary for him to perform his responsibilities to the Group under the terms of his employment, if (a) the disqualification, bar or loss continues for more than 30 days and (b) during that period the Group uses its good faith efforts to cause the disqualification or bar to be lifted or the license replaced. 

		
	•
	The Employee's unauthorized use or disclosure of confidential or proprietary information, or related materials, or the violation of any of the terms of the Employment and Confidentiality Agreement executed by the Employee or any 

Company standard confidentiality policies and procedures, which may reasonably be expected to have a material adverse effect on the Group and that, if capable of being cured, has not been cured within thirty (30) days after written notice is delivered to the Employee by the Company, which notice specifies in reasonable detail the alleged unauthorized use or disclosure or violation. 

		
	•
	For this definition, no act or omission by the Employee will be "willful" unless it is made by the Employee in bad faith or without a reasonable belief that his act or omission was in the best interests of the Group.

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