Document:

EXHIBIT 10.1

  

   

  

  
    SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    

    

    

    THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of March 29, 2019 (this “Amendment”), is by and among CROSS COUNTRY HEALTHCARE, INC., a Delaware corporation (the “Borrower”),

        the Guarantors party hereto, the Lenders party hereto and SunTrust Bank, in its capacities as Administrative Agent, Swingline Lender and Issuing Bank.

    

    

    RECITALS

    

    

    WHEREAS, the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and the
        Administrative Agent are parties to that certain Amended and Restated Credit Agreement, dated as of August 1, 2017 (as amended by that certain First Amendment to Amended and Restated Credit Agreement dated as of October 30, 2018 and as further
        amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

    

    

    WHEREAS, the Borrower has requested that the Lenders make certain modifications to the Credit Agreement; and

    

    

    WHEREAS, the Lenders (by act of Required Lenders) have agreed to provide such requested amendments, subject to the terms
        and conditions herein;

    

    

    NOW, THEREFORE, in consideration of the agreements contained herein, and for other good and valuable consideration, the
        receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

    

    

    
      1.             Introductory

              Paragraph and Recitals.  The above introductory paragraph and recitals of this Amendment are incorporated herein by reference as if fully set forth herein.

      

      

      2.             Definitions. 

          Capitalized terms used herein (including in the recitals hereof) and not otherwise defined herein shall have the meanings provided in the Credit Agreement.

    

    

    

    3.        Optional Reduction of
            Aggregate Revolving Commitments.  Pursuant to Section 2.8 of the Credit Agreement (other than the requirement for three Business Days’ prior written notice, which is waived below), the Borrower hereby reduces the Aggregate Revolving
        Commitments from ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000) to SEVENTY-FIVE MILLION DOLLARS ($75,000,000), which partial reduction shall apply to reduce proportionately and permanently the Revolving Commitment of each Revolving Lender.  The
        Lenders (by act of the Required Lenders), hereby waive the notice requirements for such option reduction by the company of the Aggregate Revolving Commitments.  The Revolving Commitment of each Revolving Lender after giving effect to this optional
        reduction by the Borrower is as reflected on Schedule I attached hereto.

    

    

    4.                 Amendments.

    

    

    (a)            Section 1.1 of the Credit Agreement is amended to include the following new definitions in appropriate alphabetical order:

     

    “Accounts”
        shall mean “accounts”, as defined in Article 9 of the Uniform Commercial Code.

    

    

    
      
        

    

    

    

    “Consolidated Asset
            Coverage Ratio” shall mean, as of any date, the ratio of (a) all Accounts of the Loan Parties as of such date (less those Accounts that are not collectable or which are unlikely to be collected, in each case as determined by the
        Borrower in its reasonable discretion) to (b) Consolidated Total Debt as of such date less unencumbered and available cash and Permitted
        Investments of the Loan Parties (subject to no Liens other than those in favor of the Administrative Agent or customary Liens in favor of applicable depository banks or securities intermediaries) as of such date in an aggregate amount not to exceed
        $10,000,000.

     

    “Earn Out Obligations”
        means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition agreements, consulting agreements and other indemnity
        obligations) pursuant to the documentation relating to such Acquisition (and including fixed deferred payments related to such Acquisitions).  For purposes of determining the aggregate consideration paid for an Acquisition and for determining the
        amount of any Earn Out Obligations to be included in the definition of Consolidated Fixed Charge Coverage Ratio, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with
        GAAP.

    

    

    “Screen Rate”
        shall mean the rate specified in clause (a) of the definition of Adjusted LIBOR.

    

    

    “Second Amendment”
        shall mean that certain Second Amendment to Amended and Restated Credit Agreement dated as of March 29, 2019 by and among the Loan Parties, the Lenders party thereto and the Administrative Agent.

     

    “Second Amendment
            Effective Date” shall mean March 29, 2019.

     

    (b)            The definition of “Aggregate Revolving Commitments” in Section 1.1 of the Credit Agreement is amended by (i) replacing the text “Effective Date” with the text “Second Amendment
        Effective Date”, (ii) replacing the text “One Hundred Fifteen” with the text “Seventy-Five” and (iii) replacing the text “($115,000,000)” with the text “($75,000,000)”.

     

    (c)            The definition of “Applicable Margin” in Section 1.1 of the Credit Agreement is amended by (i) replacing the text “Level V” with the text “Level VII”, (ii) replacing the text
        “Effective Date” with the text “Second Amendment Effective Date”, (iii) replacing the text “September 30, 2017” with the text “March 31, 2019”, (iv) replacing the
        text “Level III” with the text “Level VI” and (v) amending the table therein in its entirety to read as follows:

     

    	
             

             

            Level

          	
             

             

            Consolidated Net Leverage Ratio

          	
            Eurodollar Loans,

            LIBOR Index Rate Loans and

            Letter of Credit Fee

             

          	
             

            Base Rate

            Loans

          	
             

            Commitment

            Fee

          
	
            I

          	
            < 1.50:1.00

          	
            1.75%

          	
            0.75%

          	
            0.25%

          
	
            II

          	
            > 1.50:1.00 but < 2.00:1.00

          	
            2.00%

          	
            1.00%

          	
            0.30%

          
	
            III

          	
            > 2.00:1.00 but < 2.50:1.00

          	
            2.25%

          	
            1.25%

          	
            0.30%

          
	
            IV

          	
            > 2.50:1.00 but < 3.00:1.00

          	
            2.50%

          	
            1.50%

          	
            0.35%

          
	
            V

          	
            > 3.00:1.00 but <3.50:1.00

          	
            2.75%

          	
            1.75%

          	
            0.40%

          
	
            VI

          	
            > 3.50:1.00 but <4.00:1.00

          	
            3.00%

          	
            2.00%

          	
            0.45%

          
	
            VII

          	
            > 4.00:1.00

          	
            3.25%

          	
            2.25%

          	
            0.50%

          

    

    

    
      
        

    

    

    

    (d)            The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is amended by replacing the text “Effective Date” in clause (ii) of the proviso therein with the
        text “Second Amendment Effective Date”.

     

    (e)            The definition of “Consolidated Net Leverage Ratio” in Section 1.1 of the Credit Agreement is amended by (i) inserting the text “and Permitted Investments” immediately following
        the text “available cash” and (ii) inserting the text “(subject to no Liens other than those in favor of the Administrative Agent or customary Liens in favor of applicable depository banks or securities intermediaries)” immediately following the
        text “Permitted Investments of the Borrower and the Guarantors”.

     

    (f)            The definition of “Consolidated Total Debt” in Section 1.1 of the Credit Agreement is amended by (i) inserting the text “(i)” immediately following the text “but excluding” and
        (ii) inserting the text “and (ii) the aggregate stated amount of letters of credit to the extent that such letters of credit (including Letters of Credit) have been Cash Collateralized” immediately prior to the final period therein.

     

    (g)            The definition of “Consolidated Total Leverage Ratio” in Section 1.1 is deleted in its entirety.

     

    (h)            The definition of “Indebtedness” in Section 1.1 of the Credit Agreement is amended by inserting the text “(including, without limitation, Earn Out Obligations) which appear as
        liabilities on the balance sheet of such Person as determined in accordance with GAAP” immediately following the text “deferred purchase price of property or services”.

     

    (i)            The definition of “Permitted Acquisition” in Section 1.1 of the Credit Agreement is amended by (i) deleting the “and” immediately prior to clause (iii) therein and (ii)
        replacing the text “earn-out obligations” with the text “Earn Out Obligations”.

     

    (j)            Section 2.16 of the Credit Agreement is amended and restated in its entirety to read as follows:

     

    Inability to Determine
            Interest Rates.

     

    (a)            If prior to the commencement of any Interest Period for any Eurodollar Borrowing,

     

     (i)   the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower absent manifest error) that, by reason
        of circumstances affecting the relevant interbank market, adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR (including, without limitation, because the Screen Rate is not available or published on a current basis) for
        such Interest Period or the One Month LIBOR Index Rate, or

     

    

    (ii)   the Administrative Agent shall have received notice from the Required Lenders that the Adjusted LIBOR for such Interest Period will not adequately and fairly
      reflect the cost to such Lenders of making, funding or maintaining their (or its, as the case may be) Eurodollar Loans for such Interest Period, then the Administrative Agent shall give written notice thereof (or telephonic notice, promptly confirmed
      in writing) to the Borrower and to the Lenders as soon as practicable thereafter.  Until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances giv-ing rise to such notice no longer exist, (A) the obligations of the
      Lenders to make Eurodollar Loans or LIBOR Index Rate Loans, as applicable, or to continue or convert outstanding Loans as or into Eurodollar Loans or LIBOR Index Rate Loans, as applicable, shall be suspended and (B) all such affected Loans shall be
      converted into Base Rate Loans on the last day of the then current Interest Period applicable thereto unless the Borrower prepays such Loans in accordance with this Agreement.  Unless the Borrower notifies the Administrative Agent at least one
      Business Day before the date of any Eurodollar Borrowing for which a Notice of Revolving Borrowing or Notice of Conversion/Continuation has previously been given that it elects not to borrow on such date, then such Revolving Borrowing shall be made
      as a Base Rate Borrowing.

     

    
      
        

    

     

    

    (b)            If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth in clause (a)(i) above have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in clause (a)(i) above have not arisen but the supervisor for the administrator of the Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a
        public statement identifying a specific date after which the Screen Rate shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest to
        the Screen Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such
        alternate rate of interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable Margin).  Notwithstanding anything to the
        contrary in Section 11.2, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the
        Administrative Agent shall not have received, within five (5) Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required Lenders stating that such Required Lenders object to
        such amendment.  Until an alternate rate of interest shall be determined in accordance with this clause (b) (but, in the case of the circumstances described
        in clause (ii) of the first sentence of this Section 2.16(b),
        only to the extent the Screen Rate for the applicable currency and/or such Interest Period is not available or published at such time on a current basis), (x) any Notice of Conversion/Continuation that requests the conversion of any Borrowing to,
        or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective, and (y) if any Notice of Revolving Borrowing or Notice of Swingline Borrowing requests a Eurodollar Borrowing, such Borrowing shall be made as a Base Rate Borrowing;
        provided, that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

    

    

    (k)            The portion of Section 6.1 of the Credit Agreement immediately prior to the first proviso therein is amended and restated in its entirety to read as follows:

     

    Section 6.1                          Consolidated Net Leverage Ratio.  Permit the Consolidated Net Leverage Ratio as of
        the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2017, to be greater than (a) for each Fiscal Quarter ending from September 30, 2017 through and including June 30, 2018, 3.50:1.00, (b) for the Fiscal Quarter
        ending September 30, 2018, 3.75:1.00, (c) for each Fiscal Quarter ending December 31, 2018 through and including June 30, 2019, 4.60:1.00, (d) for the Fiscal Quarter ending September 30, 2019, 4.25:1.00, (e) for the Fiscal Quarter ending December
        31, 2019, 4.00:1.00, (f) for the Fiscal Quarter ending March 31, 2020, 3.75:1.00, (g) for the Fiscal Quarter ending June 30, 2020, 3.50:1.00, (h) for the Fiscal Quarter ending September 30, 2020, 3.25:1.00, and (i) for the Fiscal Quarter ending
        December 31, 2020 and each Fiscal Quarter ending thereafter, 3.00:1.00;

     

    
      
        

    

     

    

    (l)            Section 6.1 of the Credit Agreement is further amended by (i) inserting the text “commencing with the Fiscal Quarter ending March 31, 2020 and for each Fiscal Quarter ending
        thereafter,” immediately following the text “provided, however,
        that”, (ii) replacing each instance of the text “Consolidated Total Leverage Ratio” with the text “Consolidated Net Leverage Ratio” and (iii) replacing the text “earn-out obligations” with the text “Earn Out Obligations”.

    

    

    (m)            A new Section 6.3 is added to the Credit Agreement immediately following Section 6.2 to read as follows:

    

    

    Section 6.3   Consolidated Asset Coverage Ratio.  Permit the Consolidated Asset Coverage Ratio as of the end of each
        Fiscal Quarter ending March 31, 2019 through and including the Fiscal Quarter ending December 31, 2019 (but not, for purposes of clarity, any Fiscal Quarter ending thereafter), to be less than 1.10:1.00.

    

    

    (n)            Section 7.5(d) of the Credit Agreement is amended by (i) replacing the text “covenant set forth in Section

            6.2” in clause (ii)(A) with the text “covenants set forth in Sections 6.2 and 6.3” and (ii) replacing the text “Consolidated Total Leverage Ratio” with the text “Consolidated Net Leverage Ratio”.

    

    

    (o)            Section 8.3 of the Credit Agreement is amended by replacing each instance of the text “Article VI”
        with the text “Sections 6.1 and 6.2”.

    

    

    (p)            Section 11.2(b) of the Credit Agreement is amended by inserting the text “subject to Section
            2.16(b),” immediately following the text “given; provided, that,”

    

    

    (q)            Schedule I (Commitment Amounts) to the Credit Agreement is hereby amended in its entirety to read as Schedule I (Commitment Amounts) attached hereto.

    

    

    5.            Effectiveness; Conditions Precedent.  This Amendment shall be effective upon receipt
        by the Administrative Agent of each of the following:

    

    

    (a)            a counterpart of this Amendment signed by the Administrative Agent, the Required Lenders, the Borrower and each Guarantor; and

    

    

    (b)            all fees and other amounts due and payable on or prior to the Second Amendment Effective Date, including reimbursement or payment of all out-of-pocket expenses (including
        reasonable fees, charges and disbursements of counsel to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder, under any other Loan Document and under any agreement with the Administrative Agent.

    

    

    6.            Miscellaneous.

    

    

    (a)            This Amendment shall be deemed to be, and is, a Loan Document.

    

    

    (b)            Effective as of the date hereof, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment.

    

    

    
      
        

    

    

    

    (c)            Each of the Loan Parties (i) acknowledges and consents to all of the terms and conditions of this Amendment, (ii) agrees that this Amendment and all documents, agreements and
        instruments executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents or any certificates, documents, agreements and instruments executed in connection therewith
        (except to the extent such obligations are modified pursuant to this Amendment), (iii) affirms all of its obligations under the Loan Documents (as amended by this Amendment), (iv) agrees that this Amendment and all documents, agreements and
        instruments executed in connection with this Amendment shall in no manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents and (v) affirms that each of the Liens granted in or pursuant to the Loan
        Documents are valid and subsisting.

    

    

    (d)            Each of the Loan Parties hereby represents and warrants to the Administrative Agent and the Lenders as follows:

    

    

    (i)             such Loan Party has taken all necessary action to authorize the execution,
        delivery and performance of this Amendment;

    

    

    (ii)           this Amendment has been duly executed and delivered by such Loan Party and
        constitutes such Loan Party’s legal, valid and binding obligations, enforceable in accordance with its terms;

    

    

    (iii)  no consent, approval, authorization or order of, or filing, registration or
        qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Loan Party of this Amendment; and

    

    

    (iv)  all representations and warranties of each Loan Party set forth in the Loan
        Documents are true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties are true and
        correct in all respects) except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (other than those representations and warranties that are
        expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties are true and correct in all respects) as of such earlier date.

    

    

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

     

    (f)            This Amendment and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Amendment and
        the transactions contemplated hereby shall be construed in accordance with and be governed by the Law of the State of New York.

    

    

    7.            No Other Changes.  Except as modified hereby, all of the terms and provisions of the
        Loan Documents shall remain in full force and effect.

    

    

    
      
        

    

    

    

    8.            Fees and Expenses.  The Borrower agrees to pay all reasonable out-of-pocket fees and
        expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of Moore & Van Allen PLLC, counsel to the Administrative Agent.

    

    

    [SIGNATURE PAGES FOLLOW]

    

    

    

    

    

    

    
      
        

    

    

    

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

     

    

     

    

    
      	BORROWER:

              	
              CROSS COUNTRY HEALTHCARE, INC.,

              a Delaware corporation 

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	EVP and Chief Financial Officer
	
               

            	
               

            	
               

            
	GUARANTORS:

              	
              CEJKA SEARCH, INC.,

              a Delaware corporation

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	
               /s/ William J. Burns

            
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	
              Vice President

            
	
               

            	
               

            	
               

            
	
               

            	CROSS COUNTRY STAFFING, INC.,
              a Delaware corporation

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	
              William J. Burns 

              

            
	
               

            	Title:

            	
              Vice President

            
	
               

            	
               

            	
               

            
	
               

            	
              CROSS COUNTRY SUPPORT SERVICES, LLC,

              a Delaware limited liability company

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President
	
               

            	
               

            	
               

            
	
               

            	
              MDA HOLDINGS, INC.,

              a Delaware corporation 

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President
	
               

            	
               

            	
               

            
	
               

            	ASSIGNMENT AMERICA, LLC,
              a Delaware limited liability company

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	
              Vice President 

              

            

    

    

    

    

    

    CROSS COUNTRY HEALTHCARE, INC.

    

    SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    

    
      
        	

                	
                TRAVEL STAFF, LLC,

                a Delaware limited liability company 

                  

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ William J. Burns
	
                 

              	Name:

              	William J. Burns
	
                 

              	Title:

              	Vice President
	
                 

              	
                 

              	
                 

              
	

                	
                LOCAL STAFF, LLC,

                a Delaware limited liability company

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	
                 /s/ William J. Burns

              
	
                 

              	Name:

              	William J. Burns
	
                 

              	Title:

              	
                Vice President

              
	
                 

              	
                 

              	
                 

              
	
                 

              	MEDICAL DOCTOR ASSOCIATES, LLC,
                a Delaware limited liability company

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ William J. Burns
	
                 

              	Name:

              	
                William J. Burns 

                

              
	
                 

              	Title:

              	
                Vice President

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                CREDENT VERIFICATION AND LICENSING SERVICES, LLC,

                a Delaware limited liability company

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ William J. Burns
	
                 

              	Name:

              	William J. Burns
	
                 

              	Title:

              	Vice President
	
                 

              	
                 

              	
                 

              
	
                 

              	
                OWS, LLC,

                a Delaware limited liability company 

                

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ William J. Burns
	
                 

              	Name:

              	William J. Burns
	
                 

              	Title:

              	Vice President
	
                 

              	
                 

              	
                 

              
	
                 

              	NEW MEDISCAN II, LLC,
                a California limited liability company

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ William J. Burns
	
                 

              	Name:

              	William J. Burns
	
                 

              	Title:

              	
                Vice President 

                

              

      

      

      

      

      

      CROSS COUNTRY HEALTHCARE, INC.

      

      SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    

  

  
    
      

  

  

    
      	

              	
              MEDISCAN NURSING STAFFING, LLC,

              a California limited liability company

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President
	
               

            	
               

            	
               

            
	

              	
              MEDISCAN DIAGNOSTIC SERVICES, LLC,

              a California limited liability company

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	
               /s/ William J. Burns

            
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	
              Vice President

            
	
               

            	
               

            	
               

            
	
               

            	
              ADVANTAGE RN, LLC,

              a Delaware limited liability company

              (f/k/a ARNC HOLDCO, LLC)

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	
              William J. Burns 

              

            
	
               

            	Title:

            	
              Vice President

            
	
               

            	
               

            	
               

            
	
               

            	
              ADVANTAGE ON CALL, LLC,

              a Delaware limited liability company

              (f/k/a CAOC, LLC)

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President
	
               

            	
               

            	
               

            
	
               

            	
              ADVANTAGE LOCUMS, LLC,

              a Delaware limited liability company

              (f/k/a LTU, LLC) 

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President

    

    

    

    

    

    CROSS COUNTRY HEALTHCARE, INC.

    

    SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    
      	

            	
              ADVANTAGE RN LOCAL STAFFING, LLC,

              a Delaware limited liability company

              (f/k/a CARNLS, LLC)

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	
              William J. Burns 

              

            
	
               

            	Title:

            	
              Vice President

            
	
               

            	
               

            	
               

            
	
               

            	
              ARNCP, LLC,

              a Delaware limited liability company

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President
	
               

            	
               

            	
               

            
	
               

            	
              AMERICAN PERSONNEL, INC.,

              a Massachusetts corporation

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ William J. Burns
	
               

            	Name:

            	William J. Burns
	
               

            	Title:

            	Vice President

    

    

    

    

    

    CROSS COUNTRY HEALTHCARE, INC.

    

    SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

  

  
    
      

  

  

    
      	
              ADMINISTRATIVE

              AGENT:

            	
              SUNTRUST BANK,

              as Administrative Agent, as an Issuing Bank and as

              Swingline Lender

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ Jonathan Hart
	
               

            	Name:

            	Jonathan Hart
	 	Title:

            	Vice President 

            

    

    

      

    

    
      CROSS COUNTRY HEALTHCARE, INC.

      

      SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    

    
      	LENDERS:	
              SUNTRUST BANK,

              as a Lender

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ Jonathan Hart
	
               

            	Name:

            	Jonathan Hart
	 	Title:

            	Vice President 

            

    

    

      

    

    
      CROSS COUNTRY HEALTHCARE, INC.

      

      SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    

    
      
        	

              	
                BMO HARRIS BANK N.A.,

                as a Lender

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ Jason Deegan
	
                 

              	Name:

              	Jason Deegan
	 	Title:

              	Director 

              

      

      

        

      

      
        CROSS COUNTRY HEALTHCARE, INC.

        

        SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

      

      
        
          

      

      

      

      
        
          	

                	
                  BANK UNITED, N.A.,

                  as a Lender

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	By:

                	/s/ Vanessa C. Civalero
	
                   

                	Name:

                	Vanessa C. Civalero
	 	Title:

                	Senior Vice President 

                

        

        

          

        

        
          CROSS COUNTRY HEALTHCARE, INC.

          

          SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

        

        
          
            

        

        

        

      

    

    
      
        	

              	
                FIFTH THIRD BANK,

                as a Lender

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	By:

              	/s/ Ellie Robertson
	
                 

              	Name:

              	Ellie Robertson
	 	Title:

              	Officer 

              

      

      

        

      

      
        CROSS COUNTRY HEALTHCARE, INC.

        

        SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

      

      
        
          

      

      

      

    

    
      
        
          	

                	
                  BANK OF AMERICA, N.A.,

                  as a Lender

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	By:

                	/s/ Heath B. Lipson
	
                   

                	Name:

                	Heath B. Lipson
	 	Title:

                	Senior Vice President 

                

        

        

          

        

        
          CROSS COUNTRY HEALTHCARE, INC.

          

          SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

        

        
          
            

        

        

        

      

    

    
      	

            	
              CADENCE BANK,

              as a Lender

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ Will Donnelly
	
               

            	Name:

            	Will Donnelly
	 	Title:

            	Assistant Vice President 

            

    

    

      

    

    
      CROSS COUNTRY HEALTHCARE, INC.

      

      SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    

    
      	

            	
              CAPITAL BANK-a division of FIRST TENNESSEE

              BANK NATIONAL ASSOCIATION, as a Lender

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	By:

            	/s/ Demetrio Papatriantafyllou
	
               

            	Name:

            	Demetrio Papatriantafyllou
	 	Title:

            	Portfolio Manager 

            

    

    

      

    

    
      CROSS COUNTRY HEALTHCARE, INC.

      

      SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

    

    
      
        

    

    

    

    SCHEDULE I

    

    

    Commitment Amounts

    

    

    	
             

             

            Lenders

          	 	
            Revolving Commitment as

            of the Second Amendment

            Effective Date

          	 	 	
            Pro Rata Share of

            Revolving Commitment

          	 	 	
            Term Loan A Commitment

             as of the Second

            Amendment Effective Date

          	 	 	
            Pro Rata Share of Term

            Loan A Commitment

          	 
	
            SunTrust Bank

          	 	
            $

          	
            14,825,581.41

          	 	 	 	
            19.767441870

          	
            %

          	 	
            $

          	
            16,580,223.35

          	 	 	 	
            19.767441850

          	
            %

          
	
            BMO Harris Bank N.A.

          	 	
            $

          	
            13,081,395.35

          	 	 	 	
            17.441860461

          	
            %

          	 	
            $

          	
            14,629,608.83

          	 	 	 	
            17.441860470

          	
            %

          
	
            Bank United, N.A.

          	 	
            $

          	
            12,209,302.32

          	 	 	 	
            16.279069765

          	
            %

          	 	
            $

          	
            13,654,301.58

          	 	 	 	
            16.279069770

          	
            %

          
	
            Fifth Third Bank

          	 	
            $

          	
            12,209,302.32

          	 	 	 	
            16.279069765

          	
            %

          	 	
            $

          	
            13,654,301.58

          	 	 	 	
            16.279069770

          	
            %

          
	
            Bank of America, N.A.

          	 	
            $

          	
            12,209,302.32

          	 	 	 	
            16.279069765

          	
            %

          	 	
            $

          	
            13,654,301.59

          	 	 	 	
            16.279069770

          	
            %

          
	
            Cadence Bank

          	 	
            $

          	
            6,976,744.19

          	 	 	 	
            9.302325583

          	
            %

          	 	
            $

          	
            7,802,458.04

          	 	 	 	
            9.302325580

          	
            %

          
	
            Capital Bank

          	 	
            $

          	
            3,488,372.09

          	 	 	 	
            4.651162791

          	
            %

          	 	
            $

          	
            3,901,229.03

          	 	 	 	
            4.651162790

          	
            %

          
	
            Total:

          	 	
            $

          	
            75,000,000.00

          	 	 	 	
            100.000000000

          	
            %

          	 	
            $

          	
            83,876,424.00

          	 	 	 	
            100.000000000

          	
            %Exhibit

Exhibit 10.1

STOCK REPURCHASE AGREEMENT

THIS STOCK REPURCHASE AGREEMENT (this “Agreement”) is entered into as of March 28, 2019 by and between lululemon athletica inc., a Delaware corporation (the “Company”), and each of the entities identified on Schedule 1 hereto (each a “Seller” and collectively, the “Sellers”).
Background
		
	A.
	The Sellers own in aggregate 10,105,279 shares of the Company’s common stock, $0.005 par value per share (the “Common Stock”), and have agreed to transfer a portion of those shares to the Company on the terms and conditions set forth in this Agreement;

		
	B.
	The Company has agreed to repurchase a portion of the shares of Common Stock held by the Sellers at the price and upon the terms and conditions provided in this Agreement (the “Repurchase”);

		
	C.
	In addition, the Sellers intend to sell 4,000,000 shares of Common Stock pursuant to Rule 144 under the Securities Act of 1933 (the “144 Sales”);

		
	D.
	The board of directors of the Company (the “Board”) has authorized a program to repurchase shares of Common Stock having an aggregate value of up to $500 million in the open market or in privately negotiated transactions from time to time on such terms and conditions, including price, as determined by the officers of the Company acting under supervision of the audit committee of the Board; and

		
	E.
	The audit committee of the Board has authorized and approved the terms of the Repurchase. 

THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agree as follows:
Agreement
1.    Repurchase.
(a)    Subject to the satisfaction of the conditions and to the terms set forth herein, each of the Sellers hereby agrees to transfer, assign, sell, convey and deliver to the Company 100% of their right, title, and interest in and to the number of shares of Common Stock set forth across from such Seller’s name on Schedule 1 (the “Repurchase Shares”). The per share purchase price for each Repurchase Share shall be $163.53 (the “Per Share Purchase Price”). At the Closing (as defined below), subject to the satisfaction of the conditions and to the terms set forth herein, each Seller, severally and not jointly, hereby agrees to transfer, assign, sell, convey and deliver that number of Repurchase Shares in 

accordance with the immediately preceding sentence to the Company, and the Company hereby agrees to purchase such Repurchase Shares from such Seller at the Per Share Purchase Price.
(b)    Subject to the terms and conditions of this Agreement, the closing of the sale of the Repurchase Shares (the “Closing”) shall take place on April 2, 2019 and at the offices of the Company, or at such other time and place as may be agreed upon by the Company and the Sellers. At the Closing, each Seller shall deliver to the Company (or as instructed by the Company) duly executed stock powers relating to the Repurchase Shares, as applicable, and the Company agrees to deliver to the Sellers the Aggregate Purchase Price by wire transfer of immediately available funds in accordance with written instructions to be provided by the Sellers prior to the Closing.
2.    Company Representations. In connection with the transactions contemplated hereby, the Company represents and warrants to the Sellers that, as of the date hereof and at the Closing:
(a)    The Company is a corporation duly organized and existing under the laws of the State of Delaware. The Company has the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.
(b)    This Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization or other laws affecting enforcement of creditors’ rights or by general equitable principles.
(c)    The compliance by the Company with this Agreement and the consummation of the transactions herein contemplated will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject, (ii) violate any provision of the certificate of incorporation or by-laws, or other organizational documents, as applicable, of the Company or its subsidiaries or (iii) violate any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company or any of its Subsidiaries or any of their properties; except, in the case of clauses (i) and (iii), as would not impair in any material respect the consummation of the Company’s obligations hereunder or reasonably be expected to have a material adverse effect on the consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole, in the case of each such clause, after giving effect to any consents, approvals, authorizations, orders, registrations, qualifications, waivers and amendments as will have been obtained or made as of the date of this Agreement; and no consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the execution, delivery and 

    
2

performance by the Company of its obligations under this Agreement, including the consummation by the Company of the transactions contemplated by this Agreement, except where the failure to obtain or make any such consent, approval, authorization, order, registration or qualification would not impair in any material respect the consummation of the Company’s obligations hereunder or reasonably be expected to have a material adverse effect on the consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole.
3.    Representations of the Sellers. In connection with the transactions contemplated hereby, each of the Sellers severally and not jointly represents and warrants to the Company that as of the date hereof and at the Closing:
(a)    Such Seller is duly organized and existing under the laws of its jurisdiction of organization.
(b)    All consents, approvals, authorizations and orders necessary for the execution and delivery by such Seller of this Agreement and for the sale and delivery of the Repurchase Shares to be sold by such Seller hereunder, have been obtained; and such Seller has full right, power and authority to enter into this Agreement and to sell, assign, transfer and deliver the Repurchase Shares to be sold by such Seller hereunder, except for such consents, approvals, authorizations and orders as would not impair in any material respect the consummation of the Sellers’ obligations hereunder.
(c)    This Agreement has been duly authorized, executed and delivered by such Seller and constitutes a valid and binding agreement of such Seller, enforceable in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization or other laws affecting enforcement of creditors’ rights or by general equitable principles.
(d)    The sale of the Repurchase Shares to be sold by such Seller hereunder and the compliance by such Seller with all of the provisions of this Agreement and the consummation of the transactions contemplated herein (i) will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any statute, indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which such Seller is a party or by which such Seller is bound or to which any of the property or assets of such Seller is subject, (ii) nor will such action result in any violation of the provisions of (x) any organizational or similar documents pursuant to which such Seller was formed or (y) any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over such Seller or the property of such Seller; except in the case of clause (i) or clause (ii)(y), for such conflicts, breaches, violations or defaults as would not impair in any material respect the consummation of such Seller’s obligations hereunder; and no consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the execution, delivery and performance by such Seller of its obligations under this Agreement, including the consummation by such Seller of the transactions contemplated by this Agreement, except where the failure to 

    
3

obtain or make any such consent, approval, authorization, order, registration or qualification would not impair in any material respect the consummation of such Seller’s obligations hereunder or reasonably be expected to have a material adverse effect on such Seller’s ability to consummate the transactions contemplated by this Agreement..
(e)    As of the date hereof and immediately prior to the delivery of the Repurchase Shares to the Company at the Closing, such Seller holds good and valid title to the Repurchase Shares or a securities entitlement in respect thereof, and holds, and will hold, such Repurchase Shares free and clear of all liens, encumbrances, equities or claims; and, upon delivery of such Repurchase Shares (including by crediting to a securities account of the Company) and payment therefor pursuant hereto, assuming that the Company has no notice of any adverse claims within the meaning of Section 8-105 of the New York Uniform Commercial Code as in effect in the State of New York from time to time (the “UCC”), the Company will acquire good and valid title to the Repurchase Shares, free and clear of all liens, encumbrances, equities or claims, as well as a valid security entitlement (within the meaning of Section 8-102(a)(17) of the UCC) to such Repurchase Shares purchased by the Company, and no action (whether framed in conversion, replevin, constructive trust, equitable lien or other theory) based on an adverse claim (within the meaning of Section 8-105 of the UCC) to such security entitlement may be asserted against the Company.
(f)    Such Seller (either alone or together with its advisors) has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the Repurchase and it has made an independent decisions to sell the Repurchase Shares to the Company based on such Seller’s knowledge about the Company and its business and other information available to such Seller. Such Seller has had the opportunity to ask questions and receive answers concerning the terms and conditions of the Repurchase and the Repurchase Shares and has had full access to such other information concerning the Shares and the Company as it has requested. Such Seller has received all information that it believes is necessary or appropriate in connection with the Repurchase. Such Seller is an informed and sophisticated party and has engaged, to the extent such Seller deems appropriate, expert advisors experienced in the evaluation of transactions of the type contemplated hereby. Such Seller acknowledges that such Seller has not relied upon any express or implied representations or warranties of any nature made by or on behalf of the Company, whether or not any such representations, warranties or statements were made in writing or orally, except as expressly set forth for the benefit of such Seller in this Agreement. Such Seller acknowledges that the Company and its affiliates, officers and directors may possess material non-public information not known to such Seller regarding or relating to the Company, including information concerning the business, financial condition, results of operations or prospects of the Company. Such Seller acknowledges and confirms that it is aware that future changes or developments in (1) the Company’s business and financial condition and operating results, (2) the industries in which the Company competes and (3) overall market and economic conditions, may have a favorable impact on the value of the Common Stock after the sale by such Seller of the Repurchase Shares to the Company pursuant to terms 

    
4

of this Agreement. Without limiting the generality of the foregoing, except as set forth in this Agreement, the Company makes no representations with respect to the information provided to such Seller in connection with this Agreement or the transactions contemplated herein, including any current or projected financial information.
4.    Termination. This Agreement may be terminated at any time by the mutual written, consent of the Company and the Sellers. Furthermore, this Agreement shall automatically terminate and be of no further force and effect, in the event that the conditions in paragraph 1(b) of this Agreement have not been satisfied within 10 business days after the date hereof.
5.    Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement must be in writing and will be deemed to have been given when delivered personally, mailed by certified or registered mail, return receipt requested and postage prepaid, or sent via a nationally recognized overnight courier, or sent via electronic mail to the recipient. Such notices, demands and other communications must be sent to the address indicated below:
If to the Sellers:

c/o Advent International Corporation
800 Boylston St., Suite 3300
Boston, MA 02199
Attention: James Westra
Email: jwestra@adventinternational.com

With a copy to (which shall not constitute notice):

Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Attention: Alexander D. Lynch
Email: alex.lynch@weil.com
To the Company:

lululemon athletica inc.
1818 Cornwall Avenue
Vancouver, British Columbia
Canada V6J 1C7
Attention: General Counsel
Email: shigginson@lululemon.com

With a copy to (which shall not constitute notice):

DLA Piper LLP (US)
701 Fifth Avenue, Suite 6900

    
5

Seattle, WA 98104
Attention: Michael Hutchings
Email: michael.hutchings@dlapiper.com
or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party.
6.    Tax Treatment. The Company shall treat the repurchase of the Repurchase Shares by the Company hereunder as a sale or exchange under Section 302(a) of the Internal Revenue Code of 1986, as amended, shall file all tax returns consistent with such treatment, and shall not withhold with respect to any of the proceeds of such repurchase.
7.    Miscellaneous.
(a)    Survival of Representations and Warranties. All representations and warranties contained herein or made in writing by any party in connection herewith shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.
(b)    Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal, or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality, or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed, and enforced in such jurisdiction as if such invalid, illegal, or unenforceable provision had never been contained herein.
(c)    Complete Agreement. This Agreement and any other agreements ancillary thereto and executed and delivered on the date hereof embody the complete agreement and understanding between the parties and supersede and preempt any prior understandings, agreements, or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way.
(d)    Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement.
(e)    Assignment; Successors and Assigns. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned, in whole or in part, by any of the parties without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement shall bind and inure to the benefit of and be enforceable by the Sellers and the Company and their respective successors and permitted assigns. Any purported assignment not permitted under this paragraph shall be null and void.
(f)    No Third Party Beneficiaries or Other Rights. This Agreement is for the sole benefit of the parties and their successors and permitted assigns and nothing herein express or implied shall give or shall be construed to confer any legal or equitable rights 

    
6

or remedies to any person other than the parties to this Agreement and such successors and permitted assigns.
(g)    Governing Law; Jurisdiction. The Agreement and all disputes arising out of or related to this agreement (whether in contract, tort or otherwise) will be governed by and construed in accordance with the laws of the State of New York. EACH OF THE PARTIES TO THIS AGREEMENT IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT. Each of the parties (i) irrevocably submits to the personal jurisdiction of any state or federal court sitting in Wilmington, Delaware, as well as to the jurisdiction of all courts to which an appeal may be taken from such courts, in any suit, action or proceeding relating to or arising out of, under or in connection with this Agreement, (ii) agrees that all claims in respect of such suit, action or proceeding, whether arising under contract, tort or otherwise, shall be brought, heard and determined exclusively in the Delaware Court of Chancery (provided that, in the event that subject matter jurisdiction is unavailable in that court, then all such claims shall be brought, heard and determined exclusively in any other state or federal court sitting in Wilmington, Delaware), (iii) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from such court, and (iv) agrees not to bring any action or proceeding relating to or arising out of, under or in connection with this Agreement or the Company’s business or affairs in any other court, tribunal, forum or proceeding. Each of the parties waives any defense of inconvenient forum to the maintenance of any action or proceeding brought in accordance with this paragraph. Each of the parties agrees that service of any process, summons, notice or document by U.S. registered mail to its address set forth herein shall be effective service of process for any action, suit or proceeding brought against it in accordance with this paragraph, provided that nothing in the foregoing sentence shall affect the right of any party to serve legal process in any other manner permitted by law.
(h)    Mutuality of Drafting. The parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of the Agreement.
(i)    Remedies. The parties hereto agree and acknowledge that money damages will not be an adequate remedy for any breach of the provisions of this Agreement, that any breach of the provisions of this Agreement shall cause the other parties irreparable harm, and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance or other injunctive relief in order to enforce, or prevent any violations of, the provisions of this Agreement.
(j)    Amendment and Waiver. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Sellers and the Company. 

    
7

No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement, nor shall any waiver constitute a continuing waiver. Moreover, no failure by any party to insist upon strict performance of any of the provisions of this Agreement or to exercise any right or remedy arising out of a breach thereof shall constitute a waiver of any other provisions or any other breaches of this Agreement.
(k)    Further Assurances. Each of the Company and the Sellers shall execute and deliver such additional documents and instruments and shall take such further action as may be necessary or appropriate to effectuate fully the provisions of this Agreement.
(l)    Expenses. Each of the Company and the Sellers shall bear their own expenses in connection with the drafting, negotiation, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

[Signatures appear on following page.]
 

    
8

IN WITNESS WHEREOF, the parties hereto have executed this Stock Repurchase Agreement as of the date first written above.
 

	
			
	 
	 
	Company:

	 
	 
	 

	 
	 
	lululemon athletica inc.

	 
	 
	 

	 
	 
	By:

	 
	 
	/s/ PATRICK J. GUIDO

	 
	 
	Name: Patrick J. Guido

	 
	 
	Title: Chief Financial Officer

[SIGNATURE PAGE TO STOCK REPURCHASE AGREEMENT]

	
			
	 
	 
	Sellers:

	 
	 
	 

	 
	 
	Advent Puma Acquisition Limited

	 
	 
	 

	 
	 
	By:

	 
	 
	/s/ MICHAEL RISTAINO

	 
	 
	Name: Michael Ristaino

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	Advent Partners GPE VII Limited Partnership

	 
	 
	Advent Partners GPE VII (Cayman) Limited Partnership

	 
	 
	Advent Partners GPE VII-A Limited Partnership

	 
	 
	Advent Partners GPE VII-A (Cayman) Limited Partnership

	 
	 
	Advent Partners GPE VII-B (Cayman) Limited Partnership

	 
	 
	Advent Partners GPE VII 2014 Limited Partnership

	 
	 
	Advent Partners GPE VII 2014 Cayman Limited Partnership

	 
	 
	Advent Partners GPE VII-A 2014 Limited Partnership

	 
	 
	Advent Partners GPE VII-A 2014 Cayman Limited Partnership

	 
	 
	 

	 
	 
	By: Advent International GPE VII, LLC, General Partner

	 
	 
	By: Advent International Corporation, Manager

	 
	 
	 

	 
	 
	By:

	 
	 
	/s/ MICHAEL RISTAINO

	 
	 
	Name: Michael Ristaino

	 
	 
	Title: Vice President of Finance – Fund Administration

[SIGNATURE PAGE TO STOCK REPURCHASE AGREEMENT]

Schedule 1

	
		
	Seller
	Number of
Repurchase Shares

	Advent Puma Acquisition Limited   
	970,392

	Advent Partners GPE VII Limited Partnership   
	445

	Advent Partners GPE VII (Cayman) Limited Partnership   
	9,695

	Advent Partners GPE VII-A Limited Partnership   
	1,065

	Advent Partners GPE VII-A (Cayman) Limited Partnership   
	2,564

	Advent Partners GPE VII-B (Cayman) Limited Partnership   
	10,575

	Advent Partners GPE VII 2014 Limited Partnership   
	612

	Advent Partners GPE VII 2014 Cayman Limited Partnership   
	1,740

	Advent Partners GPE VII-A 2014 Limited Partnership   
	1,685

	Advent Partners GPE VII-A 2014 Cayman Limited Partnership   
	1,227

	Total   
	1,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]