Document:

HBI-2015.07.04-EX10.2

EXECUTION VERSION

FIRST AMENDMENT, dated as of May 5, 2015 (this “Amendment”), to the THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 29, 2015 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among HANESBRANDS INC., a Maryland corporation (the “Parent Borrower”), MFB INTERNATIONAL HOLDINGS S.À R.L., a société à responsabilité limitée, incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 33, rue du Puits Romain, L-8070 Bertrange and registered with the Luxembourg Trade and Companies Register under number B 182.082 (the “Lux Borrower”, and together with the Parent Borrower, the “Borrowers”), the Lenders party thereto, Branch Banking & Trust Company and SunTrust Bank, as the Co-Documentation Agents, Barclays Bank PLC, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Bank, National Association, as the Co-Syndication Agents, JPMORGAN CHASE BANK, N.A., as the Administrative Agent and the Collateral Agent (the “Administrative Agent”), and J.P. Morgan Securities LLC, Barclays Bank PLC, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Capital Markets LLC, as the Joint Lead Arrangers and Joint Bookrunners.
W I T N E S S E T H :
WHEREAS, the Borrowers have requested that the Credit Agreement be amended to amend the definition of “Interest Period” in Section 1.1 of the Credit Agreement;
WHEREAS, the Required Lenders are willing to agree to this Amendment on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, pursuant to Section 10.1 of the Credit Agreement the parties hereto hereby agree as follows:
Section 1.DEFINITIONS.
1.1    Defined Terms.  Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein.
SECTION 2.    AMENDMENT PURSUANT TO SECTION 10.1.
2.1    Amendment of the Definition of “Interest Period”. The definition of “Interest Period” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“Interest Period” means, relative to any LIBO Rate Loan or EURIBOR Rate Loan, the period beginning on (and including) the date on which such Loan is made or continued as, or (if applicable) converted into, a LIBO Rate Loan or EURIBOR Rate Loan pursuant to Sections 2.3 or 2.4 and shall end on (but exclude) (i) the day which numerically corresponds to such date one, two, three or six months and, if agreed by all affected Lenders, twelve months thereafter (or, if any such month has no numerically corresponding day, on the last Business Day of such month) or (ii) any other day as agreed to by all affected Lenders, as the applicable Borrower may select in its relevant notice pursuant to Sections 2.3 or 2.4; provided that,
(a)    the Borrowers shall not be permitted to select Interest Periods to be in effect at any one time which have expiration dates occurring on more than twelve different dates; and

        
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(b)    if such Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business Day next preceding such numerically corresponding day).”

2.2    Conditions to Effectiveness of Amendment. This Amendment shall become effective on the date on which the Administrative Agent shall have received this Amendment, executed and delivered by the Borrowers and the Required Lenders.
2.3    Continuing Effect; No Other Waivers or Amendments.  This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Loan Documents not expressly referred to herein and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrowers that would require an amendment, waiver or consent of the Administrative Agent, the Collateral Agent or the Lenders except as expressly stated herein.  Except as expressly amended, consented to or waived hereby, the provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect in accordance with their terms.
2.4    Loan Documents.  This Amendment shall constitute a “Loan Document” for all purposes under the Credit Agreement and the other Loan Documents.  Each Loan Party executing this Amendment confirms and agrees that notwithstanding the effectiveness of this Amendment, each Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, in each case as amended by this Amendment.
2.5    Counterparts.  This Amendment may be executed in any number of separate counterparts by the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.
2.6    GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

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

	
			
	HANESBRANDS INC.,
	 

	as Parent Borrower
	 

	 
	 
	 

	By
	/s/ Donald  F. Cook
	 

	 
	Name: Donald F. Cook
	 

	 
	Title: Treasurer
	 

	 
	 
	 

	 
	 
	 

	MFB INTERNATIONAL HOLDINGS S.A.R.L.,
	 

	as Lux Borrower
	 

	 
	 
	 

	By
	/s/ Donald F. Cook
	 

	 
	Name: Donald F. Cook
	 

	 
	Title: Category A Manager
	 

        
3

	
			
	JPMORGAN CHASE BANK, N.A., as
	 

	Administrative Agent and Lender
	 

	 
	 
	 

	By:
	/s/ James A. Knight
	 

	 
	Name: James A. Knight
	 

	 
	Title: Vice President
	 

	 
	 
	 

	Barclays Bank PLC,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Ronnie Glenn
	 

	 
	Name: Ronnie Glenn
	 

	 
	Title: Vice President
	 

	 
	 
	 

	Bank of America, N.A.,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Brian McDonald
	 

	 
	Name: Brian McDonald
	 

	 
	Title: Senior Vice President
	 

	 
	 
	 

	HSBC Bank USA, National Association,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Catherine Dong
	 

	 
	Name: Catherine Dong
	 

	 
	Title: Vice President
	 

	 
	 
	 

	PNC BANK, NATIONAL ASSOCIATION,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Jessica F. Sidhom
	 

	 
	Name: Jessica F. Sidhom
	 

	 
	Title: Senior Vice President
	 

	 
	 
	 

	Branch Banking and Trust Company,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Jamie Grunsky
	 

	 
	Name: Jamie Grunsky
	 

	 
	Title: Banking Officer
	 

        
4

	
			
	SunTrust Bank,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Daniel L. Nichols
	 

	 
	Name: Daniel L. Nichols
	 

	 
	Title: Vice President
	 

	 
	 
	 

	FIFTH THIRD BANK, an Ohio Banking
	 

	Corporation, as a Lender
	 

	 
	 
	 

	By:
	/s/ Mary Ramsey
	 

	 
	Name: Mary Ramsey
	 

	 
	Title: Vice President
	 

	 
	 
	 

	The Bank of Nova Scotia,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Mauricio Saishio
	 

	 
	Name: Mauricio Saishio
	 

	 
	Title: Director
	 

	 
	 
	 

	GOLDMAN SACHS BANK USA,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Jamie Minieri
	 

	 
	Name: Jamie Minieri
	 

	 
	Title: Authorized Signatory
	 

	 
	 
	 

	REGIONS BANK,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Brand Hosford
	 

	 
	Name: Brand Hosford
	 

	 
	Title: Vice President
	 

	 
	 
	 

	Northern Trust Company,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ John Canty
	 

	 
	Name: John Canty
	 

	 
	Title: Senior Vice President
	 

        
5

	
			
	Citizens Bank of Pennsylvania,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ A. Paul Dawley
	 

	 
	Name: A. Paul Dawley
	 

	 
	Title: Vice President
	 

	 
	 
	 

	U.S. Bank National Association,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Mark D. Rodgers
	 

	 
	Name: Mark D. Rodgers
	 

	 
	Title: Vice President
	 

	 
	 
	 

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Adrienne Young
	 

	 
	Name: Adrienne Young
	 

	 
	Title: Vice-President
	 

	 
	 
	 

	Goldman Sachs Bank USA,
	 

	as a Lender
	 

	 
	 
	 

	By:
	/s/ Wei Yan
	 

	 
	Name: Wei Yan
	 

	 
	Title: Authorized Signatory
	 

	CABS: 670349
	 

	5th May 2015
	 

        
6WSTL-EX10.1_2015.06.30

Exhibit 10.1

WESTELL TECHNOLOGIES, INC.

NON-QUALIFIED STOCK OPTION

THIS NON-QUALIFIED STOCK OPTION, dated as set forth in the attached
Memorandum is granted by WESTELL TECHNOLOGIES, INC. (the "Company"), to the
Employee as set forth in the attached Memorandum (the “Employee”) pursuant to the
Company's 2004 Stock Incentive Plan (the "Plan").

1.    OPTION GRANT

The Company hereby grants to the Employee an option to purchase total
shares as set forth in the attached Memorandum of Class A Common Stock of the Company at
an option price per share as set forth in the attached Memorandum.  This option is not intended
to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended.

2.     TIME OF EXERCISE

This option may be exercised (in the manner described in paragraph 3 hereof) in
whole or in part, at any time and from time to time, subject to the following limitations:

(a)  This option may not be exercised to any extent until the first
anniversary of the Date of Grant.  This option may be exercised to a maximum
cumulative extent of 25% of the total shares covered hereby on and after the first
anniversary of the Date of Grant; 50% of the total shares commencing on and
after the second anniversary of the Date of Grant; 75% of the total shares
commencing on and after the third anniversary of the Date of Grant; 100% of the
total shares commencing on and after the fourth anniversary of the Date of
Grant.  In the event that the Employee's employment with the Company or a
subsidiary terminates by reason of total disability or death prior to the fourth
anniversary of the Date of Grant, then the portion of the option which may be

exercised shall be determined as if the Employee remained an employee of the
Company until the next anniversary of the Date of Grant.

(b)  For these purposes, employment shall be deemed to continue after
termination of full-time employment for any period during which the Employee remains a
part-time employee of the Company or a consultant to the Company as determined by
the sole discretion of the Stock Incentive Committee.

    
(c)  This option may not be exercised:

(i)    more than three months after the termination of the Employee's
employment with the Company or a subsidiary for any reason
other than retirement, total disability or death; or

(ii)    more than twelve months after termination of employment by
reason of retirement, total disability or death; or 

(iii)    more than seven years from the Date of Grant.

For these purposes retirement and total disability shall be determined in
accordance with the established policies of the Company.  This option may be
exercised during the indicated periods following termination of employment only
to the extent permitted pursuant to paragraphs 2(a) and (b) hereof.

3.    METHOD OF EXERCISE

This option may be exercised only by appropriate notice in writing delivered to
the Secretary of the Company and accompanied by:

		
	(a)
	a check payable to the order of the Company for the full

purchase price of the shares purchased and any required tax
withholding, and

     
		
	(b)
	such other documents or representations as the Company may

reasonably request in order to comply with securities, tax or
other laws then applicable to the exercise of the option.

Payment of the purchase price may be made in whole or in part by the delivery of shares of
Common Stock owned by the Employee for at least six months (or by certification of the
Employee's ownership of such shares), valued at fair market value on the date of exercise.
The Employee may satisfy any tax withholding obligation in whole or in part by electing to
have the Company retain option shares, having a fair market value on the date of exercise
equal to the amount required to be withheld.

		
	4.
	CONDITIONS

I agree that I shall not within three months following my resignation of
employment with the Company engage in any Competitive Activity.  Competitive Activity
means any service to a competitor related to the work I have done at Westell or with
knowledge of confidential information gained at Westell.  By accepting this option, I agree to
pay Westell as liquidated damages, any profit (spread between grant price and closing price
on the date of exercise) realized on my exercise of this option from three months preceding
and ending three months following my date of resignation.

5.    NON‐TRANSFERABILITY; DEATH

This option is not transferable by the Employee otherwise than by will or the
laws of descent and distribution and is exercisable during the Employee's lifetime only by the
Employee.  If the Employee dies during the option period, this option may be exercised in
whole or in part and from time to time, in the manner described in paragraph 3 hereof, by the
Employee's estate or the person to whom the option passes by will or the laws of descent and
distribution, but only within a period of (a) twelve months after the Employee's death or
(b) seven years from the Date of Grant, whichever period is shorter.  At the discretion of the
Committee, this option may be transferred to members of the Employee's immediate family or
trusts or family partnerships for the benefit of such persons, subject to terms and conditions
established by the Committee.

6. Accelerated Vesting 

Notwithstanding the foregoing, any unvested options shall vest and become
immediately exercisable upon termination of employment by the Company without Cause (as
defined in the Offer Letter, dated April 20, 2015 (the “Offer Letter”)) or upon termination of
employment by the Company without Cause within six (6) months following a Change in
Control (as defined in the Offer Letter).  In exchange for the compensation and benefits noted
in this paragraph, Employee will be required to sign (and not revoke) at the time of separation,
a Separation Agreement and Release.

*               *               *

        

IN WITNESS WHEREOF, the Company has caused the execution hereof by its duly
authorized officer and Employee has agreed to the terms and conditions of this option, all
as of the date first above written.

WESTELL TECHNOLOGIES, INC.

By /s/ Tom Minichiello 
                                            

Charles S. Bernstein    
Employee Name
                        
/s/ Charles S. Bernstein
____________________
Employee Signature                     

NOTICE OF GRANT OF STOCK OPTION FOR THE PURCHASE OF
 CLASS A COMMON STOCK

Dear Charles Bernstein,

You have received a grant with the following parameters:

Plan Name:          Westell Technologies, Inc. 2004 Stock Incentive Plan
Award Number:    10035 
Shares Granted:    120,000
Award Type:        NQSO
Award Date:        5/11/2015
Strike Price:         $1.30
Vesting Schedule:
Vesting Date        Shares Vesting
5/11/2016        30,000    
5/11/2017        30,000    
5/11/2018        30,000    
5/11/2019        30,000    

Expiration Date:    5/11/2022

If you have any questions, contact Mary Lou Meyers at 630-375-4201.

By affixing your signature to this Notice, you acknowledge receipt of a copy of the Agreement
and the Plan to which the Agreement and this Stock Option Grant is subject and agree that the
Options Granted hereunder shall be subject to such Plan and Agreement and shall be governed
by their terms and provisions.

Westell Technologies, Inc.

By: /s/ Tom Minichiello
       Tom Minichiello

/s/ Charles Bernstein                            5/18/2015
 Charles Bernstein    (Employee)                    Date

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