Document:

EX-10.2

 Exhibit 10.2 

REPURCHASE AGREEMENT 

This REPURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 15, 2015 by and between
Thor Industries, Inc., a Delaware corporation (the “Company”), and The Thompson Family Foundation, Inc. (“Stockholder”). 

RECITALS 

WHEREAS, Stockholder is the owner of record and beneficially of One Million (1,000,000) shares of common stock, $0.10
par value, of the Company (the “Common Stock”) and 
 WHEREAS, in order to consummate a plan to diversify
Stockholder’s invest holdings, Stockholder desires to sell to the Company, and the Company is willing to purchase from Stockholder, 1,000,000 shares (the “Repurchased Shares”) of Common Stock at $60.00 per share, for an
aggregate purchase price of $60,000,000 (the Aggregate Cash Consideration”), subject to the terms and conditions set forth in this Agreement. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: 

1. Repurchase. Subject to the terms and conditions set forth in this Agreement, Stockholder hereby sells, assigns,
transfers, conveys and delivers all its right, title and interest in and to the Repurchased Shares to the Company free and clear of all liens, encumbrances, pledges, options, warrants, rights of first refusal, claims, charges, restrictions or claims
or rights of third parties of any kind or nature (collectively, “Liens”). The Company hereby purchases and accepts delivery of the Repurchased Shares in exchange for the payment of the Aggregate Cash Consideration. Stockholder
hereby acknowledges and agrees that receipt of the Aggregate Cash Consideration shall constitute complete satisfaction of all obligations or any other sums due to such Stockholder with respect to the purchase of the Repurchased Shares. 

2. Closing. The closing of the purchase provided for herein (the “Closing”) shall take place at the
offices Thor Industries, Inc., 601 Beardsley Avenue, Elkhart, IN 46514, on the date hereof (or at such other place upon which the parties hereto may mutually agree). At the Closing, the following shall occur: 

a. Stockholder Deliveries. The Repurchased Shares are to be delivered through the facilities of The Depository Trust
Company that are credited to or otherwise held in a securities account maintained by Stockholder. Stockholder shall take such actions necessary to provide appropriate instruction to the relevant financial institution or other entity with which
Stockholder’s account is maintained to effect the transfer of the Repurchased Shares from Stockholder’s account to an account at a financial institution designated by the Company for the receipt of the Repurchased Shares so transferred. In
connection with any account to which the Repurchased Shares are credited or otherwise held, Stockholder shall execute and deliver such 

 
other and further documents or instruments necessary, in the reasonable opinion of the Company, to effect a legally valid transfer to the Company hereunder. 

b. Company Deliveries. The Company shall deliver to Stockholder the Aggregate Cash Consideration by wire transfer of
immediately available funds to an account designated in writing by Stockholder to the Company prior to the Closing. 
 3.
No Further Ownership Interest. From and after the Closing, Stockholder shall have no further right or title to or interest in the Repurchased Shares or any dividends, distributions, equity interests or other rights in respect thereof. 

4. Representations and Warranties of Stockholder. Stockholder represents and warrants to the Company as follows: 

a. Title to Shares. Stockholder owns good and marketable title to and is the record and beneficial owner of the
Repurchased Shares and such Repurchased Shares are free and clear of all Liens. Except for this Agreement, Stockholder has not entered into or agreed to be bound by any other arrangements or agreements of any kind with any other person or entity
with respect to the Repurchased Shares, including, but not limited to, arrangements or agreements with respect to the acquisition or disposition thereof or any interest therein or the voting of any such Repurchased Shares. 

b. Authority; Binding Effect. Stockholder has all requisite power and authority and has taken all necessary action
required for the due authorization, execution, delivery and performance by Stockholder of this Agreement and the consummation of the transactions contemplated herein. This Agreement is a legal, valid and binding obligation of Stockholder,
enforceable against Stockholder in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws relating to or affecting enforcement of
creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law). 

c. Governmental Authorization; Third Party Consent. No approval, consent, compliance, exemption, authorization, or
other action by or notice to, or filing with, any governmental authority or any other person or entity in respect of any requirements of law or otherwise is necessary or required by Stockholder in connection with the execution, delivery or
performance by Stockholder of this Agreement, except for such approval, consent, compliance, exemption, authorization, or other action which, if not obtained or made, would not reasonably by likely to prevent or materially delay Stockholder from
performing its obligations under this Agreement in all material respects. 
 d. Brokers or Finders. Stockholder has
not employed or entered into any agreement with, nor is Stockholder subject to, any valid claim of any broker, finder, consultant, or other intermediary in connection with the transactions contemplated by this Agreement who might be entitled to a
fee or commission in connection with such transactions. 
 e. Legal Proceedings. There are no legal proceedings
pending or, to the knowledge of Stockholder, threatened, to which Stockholder is or may be a party, that (i) challenge the 

 
validity or enforceability of Stockholder’s obligations under this Agreement or (ii) seek to prevent, delay or otherwise would reasonably be expected to materially adversely affect the
consummation by Stockholder of the transactions contemplated hereby. 
 5. Representations and Warranties of the
Company. The Company represents and warrants to Stockholder as follows: 
 a. Authority; Binding Effect. The
Company is a corporation validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority and has taken all necessary action required for the due authorization, execution, delivery and
performance by the Company of this Agreement and the consummation of the transactions contemplated herein. This Agreement is a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except
as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws relating to or affecting enforcement of creditors’ rights generally and except as enforcement thereof is
subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law). 

b. No Violation. Neither the execution and delivery of this Agreement by the Company, nor the purchase of the
Repurchased Shares owned by Stockholder pursuant to this Agreement, will (i) result in a breach of its organizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of
the terms, conditions or provisions of any material agreement, lease or other instrument or obligation to which the Company is a party, except for such defaults (or rights of termination, cancellation or acceleration) as to which requisite waivers
or consents have been obtained and are in full force and effect or which would not impair the Company’s ability to consummate the transactions contemplated by this Agreement, or (iii) violate any order, writ, injunction or decree
applicable to the Company or any of the Company’s material assets. 
 c. Governmental Authorization; Third Party
Consent. No approval, consent, compliance, exemption, authorization, or other action by or notice to, or filing with, any governmental authority or any other person or entity in respect of any requirements of law or otherwise is necessary or
required by the Company in connection with the execution, delivery or performance by the Company of this Agreement, except for such approval, consent, compliance, exemption, authorization, or other action which, if not obtained or made, would not
reasonably be likely to prevent or materially delay the Company from performing its obligations under this Agreement in all material respects. 

d. Brokers or Finders. The Company has not employed or entered into any agreement with, nor is the Company subject to,
any valid claim of any broker, finder, consultant, or other intermediary in connection with the transactions contemplated by this Agreement who might be entitled to a fee or commission in connection with such transactions. 

e. Exchange Act Reports. The Company’s reports filed with the Securities and Exchange Commission (the
“Commission”) pursuant to Section 13(a), 13(c), or 15(d) of the Securities Exchange Act of 1934, as amended, since August 1, 2009 and any amendment or supplement thereto, did not, when filed with the Commission (or, if amended or
supplemented 

 
prior to the date of this Agreement, as of the date of such amendment or supplement), and do not, as of the date hereof, contain an untrue statement of material fact or omit to state a material
fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading. 

6. Miscellaneous. 

a. Amendment. This Agreement may not be amended or waived in any respect except by a written agreement signed by each
of the parties hereto. 
 b. Survival. Each of the representations, warranties, covenants and agreements contained
in this Agreement shall survive the Closing and continue in full force and effect in accordance with its terms, but is subject to all applicable statutes of limitation, statutes of repose and other similar defenses provided in law or equity. 

c. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and thereof and shall supersede all previous negotiations, commitments, agreements and understandings (both oral and written) with respect to such subject matter. 

d. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original and
all of which, when taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile transmission or electronic image scan shall be effective as delivery of a manually executed
counterpart of this Agreement. 
 e. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York. 
 f. Expenses. Each party shall bear its own expense and fees in
connection with the execution of this Agreement and the consummation of the transactions contemplated hereby. 
 [REMAINDER OF THIS PAGE
INTENTIONALLY LEFT BLANK] 

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

					
	THOR INDUSTRIES, INC.
			
	By:	 	/s/	 	Robert W. Martin
	
	THE THOMPSON FAMILY FOUNDATION, INC.
			
	By:	 	/s/	 	Alan Siegel
		 		 	Name: Alan Siegel
		 		 	Title: TreasurerJCP-05.02.2015-10Q Exhibit 10.1

EXHIBIT 10.1
EXECUTION COPY

FIFTH AMENDMENT TO
AMENDED AND RESTATED CONSUMER CREDIT CARD PROGRAM
AGREEMENT
This Fifth Amendment (“Amendment Number Five”) dated as of April 6, 2015, to that certain Consumer Credit Card Program Agreement made as of December 6, 1999, as amended and restated as of November 5, 2009, and as amended as of October 29, 2010, January 30, 2013, October 11, 2013, and February 25, 2014, by and between J. C. PENNEY CORPORATION, INC., formerly known as J. C. Penney Company, Inc., a Delaware corporation, with its principal place of business at Plano, Texas, and SYNCHRONY BANK, assignee of Monogram Credit Card Bank of Georgia and formerly known as GE Capital Retail Bank and GE Money Bank, with its principal place of business at 170 W. Election Road, Draper, Utah 84020 (the “Agreement”).  Capitalized terms used herein without definition shall have the meanings ascribed to them in the Agreement.
WITNESSETH:
WHEREAS, JCPenney and Bank desire to make certain changes to the Agreement to reflect certain modifications to the Program that the parties desire to implement.
NOW, THEREFORE, in consideration of the terms and conditions stated herein, and for good and valuable consideration the receipt of which is hereby acknowledged, the parties hereto agree as follows:
I.    Additional Marketing Obligations.  Schedule 2.6(b) to the Agreement is hereby deleted and replaced in its entirety with Schedule 2.6(b) attached hereto.  
II.    Promotional Financing Programs.  Bank and JCPenney hereby agree to the following changes to the promotional financing programs provisions of the Agreement.  
		
	A.
	Section 2.7 of the Agreement is hereby amended by adding the following new paragraph:  

“In addition to the foregoing, the parties shall have the rights and obligations set forth in Schedule 2.7.”  
		
	B.
	Schedule 2.7, attached to this Amendment Number Five, shall be incorporated into the Agreement in its entirety.  

III.    Growth Incentive Payments.  Schedule 4.8 of the Agreement is hereby deleted and replaced in its entirety by Schedule 4.8 attached hereto.  
IV.    Program Gain Share Payment.  Schedule 4.10 of the Agreement is hereby amended as provided in Schedule 4.10 attached hereto.  
V.    Effective Date.  This Amendment Number Five shall become effective as of January 1, 2015.
VI.    Miscellaneous.
A.    The execution, delivery and performance of this Amendment Number Five has been duly authorized by all requisite corporate action on the part of JCPenney and Bank and upon execution by all parties, will constitute a legal and binding obligation of each thereof.
B.    The Agreement, as amended by this Amendment Number Five, constitutes the entire understanding of the parties with respect to the subject matter thereof.  Except as expressly amended hereby, the terms and conditions of the Agreement shall continue and remain in full force and effect.  In the event of any conflict between the Agreement and this Amendment Number Five, the terms and conditions of this Amendment Number Five shall govern.
C.    The parties hereto agree to execute such other documents and instruments and to do such other and further things as may be necessary or desirable for the execution and implementation of this Amendment Number Five and the consummation of the transactions contemplated hereby and thereby.
D.    This Amendment Number Five may be executed in counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one agreement.  A facsimile or other electronic signature is as valid and binding as an original.
[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment Number Five as of the date set forth above.
J. C. PENNEY CORPORATION, INC.        SYNCHRONY BANK

By:    /s/ Michael D. Porter        By:    /s/ Tom Quindlen     
Title:    VP and Treasurer        Title:    EVP and CEO Retail Card    

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