Document:

Exhibit

Exhibit 10.1

FIRST AMENDMENT TO  
THIRD AMENDED AND RESTATED  
LOAN AND SECURITY AGREEMENT
This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of February 16, 2016 (this “Amendment”) is made among CONN’S, INC., a Delaware corporation (the “Parent”), CONN APPLIANCES, INC., a Texas corporation (“CAI”), CONN CREDIT I, LP, a Texas limited partnership (“CCI”), CONN CREDIT CORPORATION, INC., a Texas corporation (“CCCI”, together with CAI and CCI, individually, a “Borrower” and collectively, the “Borrowers”), the banks and other financial institutions identified as “Lenders” on the signature pages hereof (the “Lenders”) and BANK OF AMERICA, N.A., a national banking association, as Administrative Agent for the Lenders (“Agent”).
Background
A.    Parent, Borrowers, Agent and certain of the Lenders (“Existing Lenders”) have entered into a Third Amended and Restated Loan and Security Agreement, dated as of October 30, 2015 (as amended, modified or supplemented from time to time, the “Loan Agreement”).  All capitalized terms used and not otherwise defined in this Amendment are used as defined in the Loan Agreement.
B.    Agent and Lenders have agreed to amend certain terms of the Loan Agreement subject to the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the premises and the mutual agreements, representations and warranties herein set forth and for other good and valuable consideration, Parent, Borrowers, Agent and Lenders hereto hereby agree as follows:
Agreement
1.Amendments to the Loan Agreement.  
(a)    Interest Expense. The definition of “Interest Expense” as set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor:
Interest Expense: with respect to Parent and its Subsidiaries on a consolidated basis, for any period of measurement, the interest expense (net of interest income to the extent not included in the calculation of EBITDA) for such period whether paid or accrued (excluding (i) the amortization of debt discounts, (ii) the amortization of all closing fees incurred with respect to the initial closing of or any amendment to (a) a Permitted ABS Transaction, (b) the HY Notes, (c) the Loan Documents and (d) any other documents evidencing Borrowed Money incurred after the Closing Date payable in connection with the incurrence of Debt to the extent included in 

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interest expense, and including (x) commissions, discounts and other fees and charges incurred in respect of letters of credit, (y) the portion of any payments or accruals with respect to Capital Leases allocable to interest expense and (z) net payments and receipts (if any) pursuant to interest rate Hedging Agreements).
(b)    Cash Recovery Percent.  The definition of “Cash Recovery Percent” as set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor:
Cash Recovery Percent: the percent, calculated as of the end of the last day of each month, equal to the amount determined by dividing (i) the actual Gross Cash Collections received by Borrowers from payments made by Contract Debtors during the previous three (3) months by (ii) the sum of the Gross Contract Payments outstanding as of the beginning of the first day of each of the previous three (3) months. The Cash Recovery Percent shall be calculated based on the lower of (x) the Cash Recovery Percent determined based on the Owned Contract Portfolio, and (y) the Cash Recovery Percent determined based on the Managed Contract Portfolio; provided however, that for a period of 18 months after the closing of the Existing Securitization Facility or any other Permitted ABS Transaction that involves Contracts representing at least 97.5% of the value of all Contracts of Borrowers as of a certain cut-off date, the Cash Recovery Percent shall be determined based on the Managed Contract Portfolio.
2.    Representations and Warranties; No Default.  Each of the Parent and the Borrowers, hereby represents and warrants as of the effectiveness of this Amendment that:
(i)    no Default or Event of Default exists; and
(ii)    its representations and warranties set forth in Section 9 of the Loan Agreement (as amended hereby) are true and correct as of the date hereof, as though made on and as of such date (except to the extent such representations and warranties relate solely to an earlier date and then as of such earlier date).
3.    Effectiveness.  This Amendment (and the consents and waivers set forth herein) shall become effective, as of the date first set forth above upon receipt by the Agent of:
(a)    Executed counterparts hereof from Parent, the Borrowers and each of the Required Lenders; and
(b)    A reaffirmation of its obligations under the Guaranty, duly executed by each Guarantor.

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4.    Binding Effect; Ratification 
(a)    Upon the effectiveness of this Amendment and thereafter this Amendment shall be binding on the Agent, Parent, Borrowers and Lenders and their respective successors and assigns.
(b)    On and after the execution and delivery hereof, this Amendment shall be a part of the Loan Agreement and each reference in the Loan Agreement to “this Loan Agreement” or “hereof”, “hereunder” or words of like import, and each reference in any other Loan Document to the Loan Agreement shall mean and be a reference to such Loan Agreement as amended hereby.
(c)    Except as expressly amended hereby, the Loan Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.
5.    Miscellaneous.  (i)  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS.  EACH OF THE PARTIES TO THIS AMENDMENT AGREES TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER LOS ANGELES COUNTY, CALIFORNIA IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY TO THIS AMENDMENT OR ANY LOAN DOCUMENT AND AGREES THAT ANY SUCH PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT.  EACH OF THE PARTIES HERETO HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.
(b)    All reasonable costs and expenses incurred by the Agent in connection with this Amendment (including reasonable attorneys’ costs) shall be paid by the Borrowers.
(c)    Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.
(d)    This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.
[Signature Pages Follow]
 

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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
PARENT:

CONN’S, INC.,
a Delaware corporation

By:  /s/ Thomas R. Moran            
Name:    Thomas R. Moran
		
	Title:
	Executive Vice President, Chief Financial Officer 

BORROWERS:

CONN APPLIANCES, INC.,
a Texas corporation

By:  /s/ Thomas R. Moran            
Name:    Thomas R. Moran
		
	Title:
	Executive Vice President, Chief Financial Officer 

CONN CREDIT I, LP,
a Texas limited partnership

By:    Conn Credit Corporation, Inc.,
a Texas corporation,
its sole general partner

By:  /s/ Thomas R. Moran            
Name:    Thomas R. Moran
		
	Title:
	Executive Vice President, Chief Financial Officer 

CONN CREDIT CORPORATION, INC.,
a Texas corporation

By:  /s/ Thomas R. Moran            
Name:    Thomas R. Moran
		
	Title:
	Executive Vice President, Chief Financial Officer 

AGENT AND LENDERS:

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

By: /s/ Carlos Gil            
Name: Carlos Gil
Title: Senior Vice President

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

By:  /s/ Jennifer Heard        
Name:     Jennifer Heard            
Title: Authorized Officer

REGIONS BANK,
as a Lender

By: /s/ Evie Krimm            
Name: Evie Krimm            
Title: Vice President            

MUFG UNION BANK, N.A.,
as a Lender

By:  /s/ Nadia Mitevska        
Name: Nadia Mitevska        
Title: Vice President            

BOKF, NA dba Bank of Texas,
as a Lender

By:  Marian Livingston        
Name: Marian Livingston        
Title: Senior Vice President        

COMPASS BANK,
as a Lender

By:  Michael Sheff            
Name: Michael Sheff            
Title: Senior Vice President        

AMEGY BANK NATIONAL ASSOCIATION,
as a Lender

By:  /s/ Mark L. Wayne            
Name: Mark L. Wayne            
Title: SVP                    

FIRST TENNESSEE BANK NATIONAL ASSOCIATION,
as a Lender

By: /s/ Daniel McCarthy        
Name:     Daniel McCarthy        
Title: Vice President            

SYNOVUS BANK,
as a Lender

By: /s/ David W. Bowman        
Name: David W. Bowman        
Title: Director                 

MB FINANCIAL BANK, N.A.,
as a Lender

By:  /s/ Pavo Hrkac            
Name: Pavo Hrkac            
Title: AVP                 

CATHAY BANK,
as a Lender

By:  /s/ Humberto Campos        
Name: Humberto Campos        
Title: Vice President            

ISRAEL DISCOUNT BANK OF NEW YORK,
as a Lender

By:  /s/ Richard Miller        
Name:     Richard Miller            
Title: Senior Vice President        

By:  /s/ Dionne S. Rice        
Name: Dionne S. Rice            
Title: First Vice President         

GREEN BANK, N.A.,
as a Lender

By:  Vishakha S. Deora        
Name: Vishakha S. Deora        
Title: Senior Vice President         

CITY NATIONAL BANK,
as a Lender

By:  /s/ David Knoblauch        
Name:     David Knoblauch        
Title: SVPEX-4.24

 Exhibit 4.24 

DIRECTV HOLDINGS LLC 

DIRECTV FINANCING CO., INC. 

Form of Third Supplemental Indenture 

This Third Supplemental Indenture, dated as of
                    , 2016 (this “Third Supplemental Indenture”), is entered into by and among DIRECTV Holdings LLC, a
Delaware limited liability company (the “Company” or an “Issuer”), DIRECTV Financing Co., Inc., a Delaware corporation (“DIRECTV Financing” or an
“Issuer” and together with the Company, the “Issuers”), each of the Guarantors listed on the signature page hereto (together with any additional Subsidiary of the Company that becomes a Guarantor under
the Indenture (as defined below) following the date hereof, the “Guarantors”), DIRECTV Group Holdings, LLC, a Delaware limited liability company (the “New Parent Guarantor”), and The Bank of New York
Mellon Trust Company, N.A., a national banking association duly organized and existing under the laws of the United States, as Trustee (the “Trustee”). 

W I T N E S S E T H 

WHEREAS, under an indenture, dated as of September 22, 2009, as further amended and supplemented by the first supplemental indenture,
dated as of November 14, 2011 (the “First Supplemental Indenture”), as further amended and supplemented by the second supplemental indenture, dated as of July 24, 2015 (the “Second Supplemental
Indenture”) and as further amended and supplemented hereby (the “Indenture”), among the Issuers, the Guarantors and the Trustee, the Company has issued $1,000,000,000 of its 5.875% Senior Notes due 2019 (the
“Notes”); 
 WHEREAS, Section 9.02 of the Indenture provides, among other things, that the Issuers, the
Guarantors and the Trustee may, subject to certain exceptions noted therein, amend or supplement the Indenture as it relates to the Notes of any Series or the Guarantees or any amended or supplemental indenture with the written consent of the
Holders of Notes of at least a majority of the aggregate principal amount of Notes of such Series then outstanding (including consents obtained in connection with a tender offer or exchange offer for such Notes); 

WHEREAS, AT&T Inc., a Delaware corporation, (“AT&T”) has offered to exchange (the “Exchange
Offer”) any and all of the outstanding Notes for the new 5.875% Global Notes due 2019, upon the terms and subject to the conditions set forth in the prospectus, dated as of
                    , 2016 (the “Prospectus”), forming a part of AT&T’s Registration Statement on Form S-4, filed
with the Securities and Exchange Commission on February [●], 2016; 
 WHEREAS, in connection with the Exchange Offer, AT&T has
also solicited consents from the holders of the Notes to certain proposed amendments (the “Proposed Amendments”) to the Indenture as described in the Prospectus and set forth in Sections 2 and 3 of this Third Supplemental
Indenture, with the operation of such Proposed Amendments being subject to the satisfaction or waiver, where permissible, by AT&T of the conditions to the Exchange Offer and the acceptance by AT&T for exchange of the Notes validly tendered
and not withdrawn pursuant to the Exchange Offer; 
 WHEREAS, AT&T has received and caused to be delivered to the Trustee evidence of
the consents from holders of at least a majority of the outstanding aggregate principal amount of Notes to effect the Proposed Amendment under the Indenture with respect to the Notes; 

WHEREAS, the board of directors of the Issuers have each authorized and approved the execution and delivery of this Third Supplemental
Indenture; 
 WHEREAS, the Issuers are undertaking to execute and deliver this Third Supplemental Indenture to delete or amend, as
applicable, certain provisions and covenants in the Indenture with respect to the Notes in connection with the Exchange Offer and the related consent solicitation; 

WHEREAS, the Issuers have requested that the Trustee execute and deliver this Third Supplemental Indenture; and 

WHEREAS, the execution and delivery of this Third Supplemental Indenture has been duly authorized by the parties hereto, and all other acts
and requirements necessary to make this Third Supplemental Indenture a valid and binding supplement to the Indenture effectively amending the Indenture as set forth herein have been duly taken. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Issuers, the Guarantors, the New Parent Guarantor and the Trustee mutually covenant and agree as follows: 

 Section 1. Definitions. 

(a) As used in this Third Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as
therein defined; any capitalized terms used and not defined herein shall have the same respective meanings as assigned to them in the Indenture; and references to Articles or Sections shall, unless the context indicates otherwise, be references to
Articles or Sections of the Indenture. 
 (b) Any definitions used exclusively in the provisions of the Indenture or Notes that are
deleted pursuant to the amendments set forth under this Third Supplemental Indenture, and any definitions used exclusively within such definitions, are hereby deleted in their entirety from the Indenture and the Notes, and all textual references in
the Indenture and the Notes exclusively relating to paragraphs, Sections, Clauses or other terms or provisions of the Indenture that have been otherwise deleted pursuant to this Third Supplemental Indenture are hereby deleted in their
entirety. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Third Supplemental Indenture refer to this Third Supplemental Indenture as a whole and not to any particular
Section hereof. 
 Section 2. Amendments to the Indenture. 

(a) The Indenture shall hereby be amended by deleting the following Sections or clauses of the Indenture and all references and
definitions related thereto in their entirety, except to the extent otherwise provided below, and these Sections and clauses shall be of no further force and effect, and shall no longer apply to the Notes, and the words “[INTENTIONALLY
DELETED]” shall be inserted, in each case, in place of the deleted text: 
 Section 4.03 (Reports) 

Section 4.07 (Limitation on Liens) 

Section 4.08 (Additional Subsidiary Guarantees) 

Section 4.09 (Organizational Existence) 

Section 4.10 (Change of Control and Ratings Decline) 

Section 4.11 (Limitation on Sale and Leasebacks) 

Clauses (e), (f) and (g) of Section 6.01 (Events of Default) 

(b) Section 5.01 of the Indenture (Merger, Consolidation or Sale of Assets) is hereby deleted and replaced in its entirety by the
following: 
 “The Company shall not consolidate or merge with or into another Person unless the Person formed by or surviving any such
consolidation or merger (if other than the Company) assumes all the obligations of the Company pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee, under the Notes and this Indenture.” 

(c) The failure to comply with the terms of any of the Sections or Clauses of the Indenture set forth in clause (a) and
(b) above shall no longer constitute a Default or Event of Default under the Indenture with respect to the Notes and shall no longer have any consequence under the Indenture. 

(d) For the avoidance of doubt, Clauses (e), (f) and (g) of Section 6.01 (Events of Default) of the Indenture shall no
longer apply to the Notes and the occurrence of the events described in Sections 6.01(e), (f) and (g) of the Indenture shall no longer constitute an Event of Default with respect to the Notes. 

Section 3. Amendments to the Notes and Exhibits. Each of the Notes and Exhibit A-2 to the Indenture shall hereby be amended as follows: 

(a) Paragraph 6 (Repurchase at Option of Holder) is hereby deleted in its entirety. 

(b) Paragraph 11 (Default and Remedies) of the Notes and Exhibit A-2 to the Indenture are each hereby amended by deleting Clauses (e),
(f) and (g) as well as the following “In the event the 2019 Notes are accelerated as a result of an Event of Default specified in clause (e)(ii) above, such Event of Default and all consequences thereof (excluding any resulting
payment default, other than as a result of the acceleration of the 2019 Notes) shall be annulled, waived and rescinded, automatically and without action by the Trustee or the Holders, if (i) such rescission would not conflict with any judgment
or decree and (ii) within 60 days following the occurrence of such Event of Default: (1) the applicable Existing Notes have been redeemed, repaid or discharged in full; (2) the Trustee thereunder or the requisite holders thereof have
rescinded or waived the acceleration, notice or action (as the case may be) giving rise to the Event of Default; or (3) the default that is the basis for the Event of Default has been cured” in its entirety. 

(c) Page A-2-10 “OPTION OF HOLDER TO ELECT TO PURCHASE” is hereby deleted in its entirety. 

Section 4. Miscellaneous. 

(a) Ratification of Indenture. All the provisions of this Third Supplemental Indenture shall be deemed to be incorporated in,
and made a part of, the Indenture; and the Indenture, as supplemented and amended by this Third Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 

 (b) Headings. The headings of the Sections of this Third Supplemental Indenture
are inserted for convenience of information and reference and shall not be deemed to be a part thereof. 

(c) Counterparts. This Third Supplemental Indenture may be executed in any number of counterparts each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument. 
 (d) Conflict with Trust Indenture
Act. If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Third Supplemental Indenture by any of the provisions of the Trust Indenture Act, such required provision
shall control. 
 (e) Successors and Assigns. All covenants and agreements in this Third Supplemental Indenture by the
Company shall bind its successors and assigns, whether so expressed or not. 
 (f) Separability. In case any one or more of
the provisions contained the Indenture or this Third Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
the Indenture or this Third Supplemental Indenture, but the Indenture or this Third Supplemental Indenture shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

(g) Benefits of Third Supplemental Indenture. Nothing in this Third Supplemental Indenture, express or implied, shall give to
any person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy, or claim under this Third Supplemental Indenture. 

(h) Trustee Not Responsible for Recitals. The recitals and statements herein contained are made by the Issuers and the Guarantors
and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Third Supplemental Indenture. 

(i) Governing Law. This Third Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State
of New York. 
 (j) Waiver of Jury Trial. EACH OF THE ISSUERS, THE GUARANTORS, THE PARENT GUARANTOR AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS THIRD SUPPLEMENTAL INDENTURE OR THE TRANSACTION CONTEMPLATED HEREBY. 

******* 

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

			
	DIRECTV HOLDINGS LLC, as Issuer
		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV FINANCING CO., INC., as

    Issuer

		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV CUSTOMER SERVICES, INC.,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV MERCHANDISING, INC.,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV ENTERPRISES, LLC,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:

 
			
	 DIRECTV, LLC,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 LABC PRODUCTIONS, LLC,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV HOME SERVICES, LLC,

    as Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 DIRECTV Group Holdings, LLC,

    as New Parent Guarantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 THE BANK OF NEW YORK MELLON

    TRUST COMPANY, N.A., as Trustee

		
	By:	 	  

		 	Name:
		 	Title:

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