Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 Published
CUSIP Number: [    ] 
 Deal: 00404DAA1 

FOURTH REFINANCING FACILITIES AMENDMENT 

Dated as of November 13, 2020 

to the 
 AMENDED AND RESTATED
CREDIT AGREEMENT 
 Dated as of December 31, 2012 among 

ACADIA HEALTHCARE COMPANY, INC., 

as the Borrower, 
 ITS SUBSIDIARIES
IDENTIFIED HEREIN, 
 as the Guarantors, 

BANK OF AMERICA, N.A., 
 as
Administrative Agent, Swing Line Lender and L/C Issuer, 
 DEUTSCHE BANK SECURITIES INC., 

JPMORGAN CHASE BANK, N.A., 
 MUFG
UNION BANK, N.A. 
 REGIONS BANK, 

as Co-Documentation Agents 

CAPITAL ONE, N.A., 
 FIFTH THIRD
BANK, NATIONAL ASSOCIATION, 
 BMO CAPITAL MARKETS CORP., 

CITIBANK, N.A., 
 CRÉDIT
AGRICOLE CORPORATE AND INVESTMENT BANK, 
 GOLDMAN SACHS BANK USA, and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Co-Syndication Agents 

and 
 THE OTHER LENDERS PARTY
HERETO 
 Arranged By: 
 BofA
SECURITIES, INC., 
 CAPITAL ONE, N.A., 

FIFTH THIRD BANK, NATIONAL ASSOCIATION, 

BMO CAPITAL MARKETS CORP., 

CITIBANK, N.A., 
 CRÉDIT
AGRICOLE CORPORATE AND INVESTMENT BANK, 
 GOLDMAN SACHS BANK USA, and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arrangers and Joint Bookrunners 

 FOURTH REFINANCING FACILITIES AMENDMENT 

THIS FOURTH REFINANCING FACILITIES AMENDMENT (this “Amendment”) dated as of November 13, 2020 to the Credit Agreement
referenced below is by and among ACADIA HEALTHCARE COMPANY, INC., a Delaware corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, the 2020 Refinancing Lenders (defined below) and BANK OF AMERICA,
N.A., in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”). 
 W I T N E S S E T H 

WHEREAS, revolving credit and term loan facilities have been extended to the Borrower pursuant to that certain Amended and Restated Credit
Agreement dated as of December 31, 2012 (as amended, modified, supplemented, increased and extended prior to the date hereof, the “Existing Credit Agreement” and as amended, modified, supplemented, increased and extended from
time to time, the “Credit Agreement”) by and among the Borrower, the Guarantors identified therein, the Lenders identified therein and the Administrative Agent; 

WHEREAS, the Borrower has notified the Administrative Agent that pursuant to Section 2.17 of the Credit Agreement certain Lenders
identified on the signature pages hereto have agreed to (x) refinance in full the existing Revolving Facility with a Revolving Facility in the amount of $459,011,933.18 (the “2020 Refinancing Revolving Facility”, the Persons
identified on the signature pages hereto and identified on Schedule 2.1 as having a Refinancing Revolving Commitment, the “2020 Refinancing Revolving Lenders”, such commitments, the “2020 Refinancing Revolving
Commitments” and the loans thereunder the “2020 Refinancing Revolving Loans”) and (y) refinance in full the outstanding Refinancing Tranche A Term Facility with a new Refinancing Tranche A Term Facility in the amount
of $318,857,793.18 (the “2020 Refinancing Tranche A Term Facility”, the Persons signatory hereto and identified on Schedule A as having Refinancing Tranche A Term Loan Commitments, the “2020 Refinancing Tranche A Term
Lenders”, and such commitments, the “2020 Refinancing Tranche A Term Loan Commitments” and the loan thereunder the “2020 Refinancing Tranche A Term Loan”; and the 2020 Refinance Tranche A Term Facility,
together with the 2020 Refinancing Revolving Facility, the “2020 Refinancing Facilities”, the 2020 Refinancing Revolving Lenders together with the 2020 Refinancing Tranche A Term Lenders, the “2020 Refinancing
Lenders”); and 
 WHEREAS, the Borrower has requested the Subsequent Amendments (as defined below) set forth in Section 4
hereof and the 2020 Refinancing Lenders have agreed to such Subsequent Amendments which shall become effective on the Subsequent Amendments Effective Date (as defined below). 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 1.    Defined Terms. Capitalized terms used herein but not otherwise
defined herein shall have the meanings provided to such terms in the Credit Agreement (as amended by this Amendment). 

2.    Establishment of Refinancing Facilities. 

2.1.    Generally. This Amendment is a Refinancing Facility Amendment. 

2.2.    New Refinancing Facilities. Subject to the terms and conditions provided herein, the 2020 Refinancing
Revolving Facility and the 2020 Refinancing Tranche A Term Facility are each established as a new Refinancing Facility pursuant to Section 2.17 of the Credit Agreement. 

 2.3.    Repayment of Certain Existing Loans. The Borrower shall
prepay the existing Refinancing Tranche A Term Loans and all Revolving Loans outstanding immediately prior to the effectiveness of this Amendment. 

2.4.    Termination of Existing Revolving Commitments. Concurrently with the effectiveness of this Amendment, the
Revolving Commitments of each Lender existing immediately prior to the effectiveness of this Amendment are automatically and permanently terminated and replaced with the 2020 Refinancing Revolving Commitments. 

2.5.    New 2020 Refinancing Revolving Commitment. Subject to the terms and conditions set forth herein and the
Credit Agreement (as amended by this Amendment), each 2020 Refinancing Revolving Lender severally agrees to make 2020 Refinancing Revolving Loans to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an
aggregate amount not to exceed at any time outstanding the amount of such 2020 Refinancing Revolving Lender’s 2020 Refinancing Revolving Commitment; provided, however, that after giving effect to any Borrowing of 2020 Refinancing
Revolving Loans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments and (ii) the aggregate Outstanding Amount of the 2020 Refinancing Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s 2020 Refinancing Revolving Commitment.
All Letters of Credit that are outstanding under the Credit Agreement immediately prior to this Amendment shall be deemed to have been issued under the 2020 Refinancing Revolving Facility from and after the date hereof and shall be subject to and
governed by the terms and conditions of the Credit Agreement as amended by this Amendment. For the avoidance of doubt, following the Effective Date (as defined below), each 2020 Refinancing Revolving Lender’s Applicable Percentage (including
for the purpose of determining its participation in L/C Obligations and Swing Line Loans) shall be determined in accordance with its 2020 Refinancing Revolving Commitment as reflected on Schedule 2.01 and as adjusted from time to time in
accordance with the Credit Agreement. 
 2.6.    New 2020 Refinancing Tranche A Term Loans. Subject to the terms
and conditions set forth herein and the Credit Agreement (as amended by this Amendment), each 2020 Refinancing Tranche A Term Lender severally agrees to make its portion of a the 2020 Refinancing Tranche A Term Loans to the Borrower in Dollars in a
single advance on the date hereof in an amount not to exceed such 2020 Refinancing Tranche A Term Lender’s 2020 Refinancing Tranche A Term Loan Commitment as set forth on Schedule A hereto. Amounts repaid on 2020 Refinancing Tranche A
Term Loans may not be reborrowed. The 2020 Refinancing Tranche A Term Loans may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided in the Credit Agreement. 

2.7.    Changes to References in Existing Credit Agreement. Concurrently with the effectiveness of this Amendment,
(a) each reference to “Revolving Facility” shall be deemed to be a reference to the 2020 Refinancing Revolving Facility established pursuant to this Amendment, (b) each reference to “Revolving Loan” shall be deemed to
be a reference to the 2020 Refinancing Revolving Loans established pursuant to this Amendment, (c) each reference to “Revolving Commitment” shall be deemed to be a reference to the 2020 Refinancing Revolving Commitments established
pursuant to this Amendment, (d) each reference to “Refinancing Tranche A Term Facility” shall be deemed to be a reference to the 2020 Refinancing Tranche A Term Facility established pursuant to this Amendment, (e) each reference
to “Refinancing Tranche A Term Loan” shall be deemed to be a reference to the 2020 Refinancing Tranche A Term Loans established pursuant to this Amendment and (f) each reference to “Refinancing Tranche A Term Loan
Commitment” shall be deemed to be a reference to the 2020 Refinancing Tranche A Term Loan Commitments established pursuant to this Amendment. 

  
 3 

 3.    Effective Date Amendments to the Credit Agreement. Each of the parties
hereto agrees that, effective on the Effective Date, the Existing Credit Agreement is amended as follows: 

3.1    New Definitions. The following definitions are added to Section 1.01 of the Credit Agreement in the
appropriate alphabetical order: 
 “Fourth Refinancing Facilities Amendment Effective Date” means November 13, 2020.

 “UK Business Divestiture” means the sale to a third party of all or substantially all of the United Kingdom business and
operations of the Borrower and its Subsidiaries. 
 3.2    Amendment to Definition of Aggregate Revolving
Commitments. The definition of “Aggregate Revolving Commitments” is amended by (i) replacing “Third Refinancing Facilities Amendment Effective Date” with “Fourth Refinancing Facilities Amendment Effective Date”
and (ii) replacing “FIVE HUNDRED MILLION DOLLARS ($500,000,000)” with “FOUR HUNDRED FIFTY-NINE MILLION ELEVEN THOUSAND NINE HUNDRED THIRTY-THREE DOLLARS AND EIGHTEEN CENTS ($459,011,933.18)”. 

3.3    Amendment to Definition of Applicable Rate. The definition of “Applicable Rate” is amended by
replacing each instance of “Third Refinancing Facilities Amendment Effective Date” with “Fourth Refinancing Facilities Amendment Effective Date”. 

3.4    Maturity Date for 2020 Refinancing Revolving Loans and 2020 Refinancing Tranche A Term Loan. The definition
of “Maturity Date” is amended by replacing “November 30, 2021” with “November 30, 2022”. 

3.5    Amendment to Definition of Mortgaged Property. The definition of “Mortgaged Property” is amended
and restated as follows: ““Mortgaged Property” means any real property that is owned or leased by a Loan Party and is subject to a Mortgage, which, as of the Fourth Refinancing Facilities Amendment Effective Date, consists of
the real property described on Schedule 6.20-4.” 

3.6    Amendment to Definition of Refinancing Tranche A Term Loan Commitments. The definition of
“Refinancing Tranche A Term Loan Commitment” is amended by (a) replacing “Third Refinancing Facilities Amendment Effective Date” with “Fourth Refinancing Facilities Amendment Effective Date” and (b) replacing
“FOUR HUNDRED MILLION DOLLARS ($400,000,000)” with “THREE HUNDRED EIGHTEEN MILLION EIGHT HUNDRED FIFTY-SEVEN THOUSAND SEVEN HUNDRED NINETY-THREE DOLLARS AND EIGHTEEN CENTS ($318,857,793.18)”. 

3.7    Amendment Regarding Letter of Credit Expiration Dates. Subsection 2.03(a)(ii)(B) is amended by: 

 

	 	(a)	 inserting “(i)” prior to the words “all the Lenders that have Revolving Commitments have
approved such expiry date”; and 

  

	 	(b)	 inserting “or (ii) the Outstanding Amount of L/C Obligations in respect of such requested Letter of
Credit have been Cash Collateralized in an amount equal to 105% of such L/C Obligations” before the period at the end of such subsection. 

  
 4 

 3.8    Amortization Schedule for Refinancing Tranche A Term
Loans. Section 2.07(c) of the Credit Agreement is amended by replacing the table set forth therein in its entirety to read as follows: 
  

			
	 Payment Dates
	  	 Principal Amortization
Payment

	 December 31, 2020
	  	$7,125,000
	 March 31, 2021
	  	$9,500,000
	 June 30, 2021
	  	$9,500,000
	 September 30, 2021
	  	$9,500,000
	 December 31, 2021
	  	$9,500,000
	 March 31, 2022
	  	$9,500,000
	 June 30, 2022
	  	$9,500,000
	 September 30, 2022
	  	$9,500,000
	 Maturity Date
	  	Outstanding Principal
Balance of the Refinancing
Tranche A Term Loan

 3.9    Amendment to Consolidated Leverage Ratio. Section 8.11(a) of the Credit
Agreement is amended by replacing the table set forth therein in its entirety to read as follows: 
  

			
	 Fiscal Quarter Ending
	  	 Maximum Consolidated
Leverage Ratio

	 September 30, 2018
	  	6.00:1.0
	 December 31, 2018
	  	6.00:1.0
	 March 31, 2019
	  	6.25:1.0
	 June 30, 2019
	  	6.25:1.0
	 September 30, 2019
	  	6.25:1.0
	 December 31, 2019
	  	6.00:1.0
	 March 31, 2020
	  	5.75:1.0
	 June 30, 2020
	  	6.50:1.0
	 September 30, 2020
	  	6.50:1.0
	 December 31, 2020
	  	6.25:1.0
	 March 31, 2021
	  	6.25:1.0
	 June 30, 2021
	  	6.00:1.0
	 September 30, 2021
	  	6.00:1.0
	 December 31, 2021
	  	6.00:1.0
	 March 31, 2022
	  	5.75:1.0
	 June 30, 2022 and thereafter
	  	5.50:1.0

 ; provided, however, that beginning with the first full fiscal quarter following the
consummation of the UK Business Divestiture and thereafter, the ratios set forth below shall instead apply: 
  

			
	 Fiscal Quarter Ending
	  	 Maximum Consolidated
Leverage Ratio

	 March 31, 2021
	  	5.25:1.0
	 June 30, 2021
	  	5.25:1.0
	 September 30, 2021 and thereafter
	  	5.00:1.0

 3.10    Amendment to Revolving Commitment Schedule. Schedule 2.01 to the
Credit Agreement is hereby amended by replacing it in its entirety with Schedule 2.01 hereto. 

  
 5 

 3.11    Addition of Mortgage Schedule. Schedule 6.20-4 attached hereto is hereby added as a schedule to the Credit Agreement. 

4.    Subsequent Amendments Effective Date Amendments to the Credit Agreement. Each of the parties hereto agrees that, effective on
the Subsequent Amendments Effective Date, the Existing Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following
example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Annex I hereto (such amendments, the “Subsequent Amendments”). 

5.    Conditions Precedent to Effective Date. The Amendments set forth in Sections 2 and 3 shall become effective as of the date
hereof (the “Effective Date”) upon satisfaction of each of the following conditions precedent in each case in a manner reasonably satisfactory to the Administrative Agent: 

5.1.    Amendment. Receipt by the Administrative Agent of executed counterparts of this Amendment properly executed
by a Responsible Officer of each Loan Party, each 2020 Refinancing Revolving Lender, each 2020 Refinancing Tranche A Term Lender, each L/C Issuer, the Swing Line Lender and the Administrative Agent. 

5.2.    Opinions of Counsel. Receipt by the Administrative Agent of opinions of (i) Hogan Lovells US LLP,
counsel to the Borrower and the Guarantors organized in Delaware, California, Massachusetts, Texas, Pennsylvania and Virginia and (ii) Gordon Rees Scully Mansukhani, LLP, counsel to the Guarantors organized in Tennessee, in each case, addressed
to the Administrative Agent and each Lender, dated as of the date of this Amendment. 
 5.3.    Resolutions; Good
Standings. Receipt by the Administrative Agent of the following: 
  

	 	(a)	 such certificates of resolutions or other action, incumbency certificates and/or other certificates of
Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this
Amendment; and 

  

	 	(b)	 such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan
Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation. 

5.4.    Closing Certificate. Receipt by the Administrative Agent of a certificate signed by a Responsible Officer
of the Borrower as of the date of this Amendment certifying that as of such date and after giving effect to the transactions contemplated by this Amendment, (a) the representations and warranties of each Loan Party contained in the Credit
Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection with the Credit Agreement or any other Loan Document are true and correct in all material respects on and as of the date
hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date, and (b) no
Default exists. 
 5.5.    Accrued Interest and Fees. Receipt by the Administrative Agent from the Borrower of
all accrued interest and fees owing on the outstanding Revolving Loans and Refinancing Tranche A Term Loan as of Effective Date for the benefit of the Lenders immediately before giving effect to this Amendment. 

  
 6 

 5.6.    Fees. Receipt by the Administrative Agent, BofA
Securities, Inc. and the Lenders of any fees required to be paid on or before the date of this Amendment. 

5.7.    Repayment of Existing Loans. The Borrower shall prepay the existing Refinancing Tranche A Term Loan
interests and all Revolving Loans outstanding immediately prior to the effectiveness of this Amendment. 

5.8.    Attorney Costs. Unless waived by the Administrative Agent, the Borrower shall have paid in accordance with
Section 11.04 of the Credit Agreement all reasonable and documented fees, charges and disbursements of one primary outside counsel to the Administrative Agent and of special or local counsel to the Administrative Agent to the extent such
special or local counsel is reasonably necessary (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the date hereof, plus such additional amounts of such fees, charges and disbursements as shall
constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower
and the Administrative Agent). 
 5.9.    Know Your Customer Regulations; Beneficial Ownership Certification. At
least two (2) Business Days prior to the Effective Date, the Borrower shall have provided to each requesting Lender the documentation and other information requested at least five (5) Business Days prior to the Effective Date by such
Lender in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)); and at least two (2) Business Days prior to the Effective Date (to the extent requested at least five (5) Business Days prior to the Effective Date), if a Loan Party qualifies as a “legal entity customer” under 31 C.F.R.
§ 1010.230 (the “Beneficial Ownership Regulation”), such Loan Party shall deliver a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation in relation to such Loan Party to each
requesting Lender. 
 Without limiting the generality of the provisions of the last paragraph of Section 10.03 of the Credit
Agreement, for purposes of determining compliance with the conditions specified in this Section 4, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or
other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the date of this Amendment specifying its objection
thereto. 
 6.    Conditions Precedents to Subsequent Amendments Effective Date. The Subsequent Amendments set forth in
Section 4 shall become effective as of the date (the “Subsequent Amendments Effective Date”) on which (A) the 2020 Refinancing Lenders (or their successors and assigns) and other Lenders that have delivered a counterpart
to this Amendment to the Administrative Agent prior to the Subsequent Amendments Effective Date shall constitute the Required Lenders and (B) the Borrower shall have notified the Administrative Agent and the Lenders that the Subsequent
Amendments Effective Date has occurred. 
 7.    Voting in favor of Subsequent Amendments. Each 2020 Refinancing Lender agrees
that (i) its signature page to this Amendment shall be deemed its vote in favor of the Subsequent Amendments and shall be irrevocable and (ii) it will use commercially reasonable efforts to provide each assignee of its Revolving Loans,
Revolving Commitments, Refinancing Tranche A Term Loans or Refinancing Tranche A Term Commitments with a copy of each of the Loan Documents prior to the execution of the 

  
 7 

 
Assignment and Assumption of such Revolving Loans, Revolving Commitments, Refinancing Tranche A Term Loans or Refinancing Tranche A Term Commitments. The vote of each 2020 Refinancing Lender in
favor of the Subsequent Amendments shall be binding on each assignee and/or successor of such 2020 Refinancing Lender whether or not a copy of this Amendment or the other Loan Documents are provided as contemplated by clause (ii) of the
preceding sentence. 
 8.    Amendment is a “Loan Document”. This Amendment is a Loan Document and all references to a
“Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to
include this Amendment. 
 9.    Representations and Warranties; No Default. Each Loan Party represents and warrants to the
Administrative Agent and each Lender that after giving effect to this Amendment (a) the representations and warranties of each Loan Party contained in the Credit Agreement or any other Loan Document, or which are contained in any document
furnished at any time under or in connection with the Credit Agreement or any other Loan Document are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date, and (b) no Default exists. 

10.    Reaffirmation of Obligations. Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this
Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment does not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents. 

11.    Reaffirmation of Security Interests. Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the
Loan Documents are valid and subsisting, (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents and (c) affirms that the Obligations of each
of the Borrower and Guarantors under the Credit Agreement (as amended by this Amendment), including as to the 2020 Refinancing Facilities, are secured Obligations entitled to all of the benefit of the Guaranty and the security interests under the
Loan Documents. 
 12.    ERISA Lender Representation. Each 2020 Refinancing Lender (x) represents and warrants, as of the
Effective Date, to, and (y) covenants, from the Effective Date to the date such Person ceases being a 2020 Refinancing Lender to the Credit Agreement, for the benefit of, the Administrative Agent and each other Arranger and their respective
Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the provisions in Section 10.12(a) to the Credit Agreement (after giving effect to this Amendment) is true and
correct. 
 13.    Mortgage Amendments. Within sixty (60) days of the Effective Date (or such later date as may be permitted
by the Administrative Agent in its sole discretion), with respect to each Mortgaged Property, the Borrower shall cause the following to occur: 
  

	 	(a)	 the relevant Loan Party shall execute and deliver to the Administrative Agent a fully executed and notarized
amendment to the relevant Mortgage; and 

  

	 	(b)	 the relevant Loan Party shall deliver to the Administrative Agent a modification and date-down endorsement to
the relevant ALTA mortgagee title insurance policy previously delivered to the Administrative Agent with respect to such real property, which title insurance endorsements shall be in form and substance reasonably satisfactory to the Administrative
Agent. 

  
 8 

 14.    No Other Changes. Except as modified hereby, all of the terms and
provisions of the Loan Documents shall remain in full force and effect. The parties hereto acknowledge and agree that (i) this Amendment and any other Loan Documents executed and delivered in connection herewith do not constitute a novation, or
termination of the “Obligations” (as defined in the Loan Documents) under the Credit Agreement as in effect prior to the Effective Date and (ii) such “Obligations” are in all respects continuing (as amended hereby) with only
the terms thereof being modified to the extent provided in this Amendment. 
 15.    Counterparts; Delivery. This Amendment may
be in the form of an Electronic Record (in “.pdf” form or otherwise) and may be executed using Electronic Signatures, which shall be considered as originals and shall have the same legal effect, validity and enforceability as a paper
record. This Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts shall be one and the same Amendment. For the avoidance of doubt, the authorization
under this paragraph may include, without limitation, use or acceptance by the Administrative Agent of a manually signed Amendment which has been converted into electronic form (such as scanned into “.pdf” format), or an electronically
signed Amendment converted into another format, for transmission, delivery and/or retention. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or
in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic
Signature, the Administrative Agent shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the request of the Administrative Agent, any Electronic
Signature shall be promptly followed by a manually executed, original counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC
§7006, as it may be amended from time to time. 
 16.    Governing Law. This Amendment shall be deemed to be a contract made
under, and for all purposes shall be construed in accordance with, the laws of the State of New York. 
 [SIGNATURE PAGES FOLLOW] 

  
 9 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Fourth
Refinancing Facilities Amendment to be duly executed and delivered as of the date first above written. 
  

									
	BORROWER:	 		 		 	 ACADIA HEALTHCARE COMPANY, INC.,

		 		 		 	 a Delaware corporation

									
					
		 		 		 	 By:	 	 /s/ Christopher L. Howard

		 		 		 	 Name:	 	Christopher L. Howard
		 		 		 	 Title:	 	Executive Vice President, General Counsel and Secretary

									
				
	GUARANTORS:	 		 		 	 ABILENE HOLDING COMPANY, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ABILENE LEGACY SUB, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIA CHATTANOOGA HOLDINGS, LLC,

		 		 		 	 a Tennessee limited liability company,

		 		 		 	 ACADIA CRESTWYN HOLDINGS, LLC,

		 		 		 	 a Tennessee limited liability company,

		 		 		 	 ACADIA JV HOLDINGS, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIA LAPLACE HOLDINGS, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIA MANAGEMENT COMPANY, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIA MERGER SUB, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIA READING HOLDINGS, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ACADIANA ADDICTION CENTER, LLC,

		 		 		 	 a Delaware limited liability company,

		 		 		 	 ADVANCED TREATMENT SYSTEMS, LLC,

		 		 		 	 a Virginia limited liability company,

		 		 		 	 ASCENT ACQUISITION - CYPDC, LLC,

		 		 		 	 an Arkansas limited liability company,

		 		 		 	 ASCENT ACQUISITION - PSC, LLC,

		 		 		 	 an Arkansas limited liability company,

		 		 		 	 ASCENT ACQUISITION, LLC,

		 		 		 	 an Arkansas limited liability company

									
					
		 		 		 	By:	 	 /s/ Christopher L. Howard

		 		 		 	Name:	 	Christopher L. Howard
		 		 		 	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 ASPEN EDUCATION GROUP, INC.,

a California corporation,

	 ASPEN YOUTH, INC.,
 a
California corporation,

	 ATS OF CECIL COUNTY, LLC,
 a
Virginia limited liability company,

	 ATS OF DELAWARE, LLC,
 a
Virginia limited liability company,

	 ATS OF NORTH CAROLINA, LLC,

a Virginia limited liability company,

	 AUSTIN BEHAVIORAL HOSPITAL, LLC,

a Delaware limited liability company,

	 AUSTIN EATING DISORDERS PARTNERS, LLC,

a Missouri limited liability company,

	 BATON ROUGE TREATMENT CENTER, LLC,

a Louisiana limited liability company,

	 BAYSIDE MARIN, INC.,
 a
Delaware corporation,

	 BCA OF DETROIT, LLC,
 a
Delaware limited liability company,

	 BECKLEY TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 BELMONT BEHAVIORAL HOSPITAL, LLC,

a Delaware limited liability company,

	 BGI OF BRANDYWINE, LLC,
 a
Virginia limited liability company,

	 BOWLING GREEN INN OF PENSACOLA, LLC,

a Virginia limited liability company,

	 BOWLING GREEN INN OF SOUTH DAKOTA, INC.,

a Virginia corporation,

	 CALIFORNIA TREATMENT SERVICES, LLC,

a California limited liability company,

	 CAPS OF VIRGINIA, LLC,
 a
Virginia limited liability company,

	 CARTERSVILLE CENTER, LLC,
 a
Georgia limited liability company,

	 CASCADE BEHAVIORAL HOLDING COMPANY, LLC,

a Delaware limited liability company,

	 CASCADE BEHAVIORAL HOSPITAL, LLC,

a Delaware limited liability company,

	 CENTER FOR BEHAVIORAL HEALTH - HA, LLC,

a Pennsylvania limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 CENTER FOR BEHAVIORAL HEALTH-ME, INC.,

a Maine corporation

	 CENTER FOR BEHAVIORAL HEALTH-PA, LLC,

a Pennsylvania limited liability company,

	CENTERPOINTE COMMUNITY BASED
	 SERVICES, LLC,
 an
Indiana limited liability company

	 CHARLESTON TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 CLARKSBURG TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 CLEARBROOK TREATMENT CENTERS LAND LLC,

a Pennsylvania limited liability company,

	 CLEARBROOK TREATMENT CENTERS, LLC,

a Pennsylvania limited liability company,

	 COMMODORE ACQUISITION SUB, LLC,

a Delaware limited liability company,

	 CONWAY BEHAVIORAL HEALTH, LLC,

a Delaware limited liability company,

	 CRC ED TREATMENT, LLC,
 a
Delaware limited liability company,

	 CRC GROUP, LLC,
 a Delaware
limited liability company,

	 CRC HEALTH OREGON, LLC,
 an
Oregon limited liability company,

	 CRC HEALTH TENNESSEE, LLC,
 a
Tennessee limited liability company,

	 CRC HEALTH, LLC,
 a Delaware
limited liability company,

	 CRC RECOVERY, INC.,
 a
Delaware corporation,

	 CRC WISCONSIN RD, LLC,
 a
Wisconsin limited liability company,

	 CROSSROADS REGIONAL HOSPITAL, LLC,

a Delaware limited liability company,

	 DELTA MEDICAL SERVICES, LLC,

a Tennessee limited liability company,

	 DETROIT BEHAVIORAL INSTITUTE, LLC,

a Massachusetts limited liability company,

	 DHG SERVICES, LLC,
 a
Delaware limited liability company,

	 DISCOVERY HOUSE CC, LLC,
 a
Pennsylvania limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	 Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 DISCOVERY HOUSE CU, LLC,
 a
Pennsylvania limited liability company,

	 DISCOVERY HOUSE MA, INC.,
 a
Massachusetts corporation,

	 DISCOVERY HOUSE MONROEVILLE, LLC,

a Pennsylvania limited liability company,

	 DISCOVERY HOUSE OF CENTRAL MAINE, INC.,

a Maine corporation,

	 DISCOVERY HOUSE TV, INC.,
 a
Utah corporation,

	 DISCOVERY HOUSE UTAH, INC.,

a Utah corporation,

	 DISCOVERY HOUSE WC INC.,
 a
Maine corporation,

	 DISCOVERY HOUSE, LLC,
 a
Pennsylvania limited liability company,

	 DISCOVERY HOUSE-BC, LLC,

a Pennsylvania limited liability company,

	 DISCOVERY HOUSE-BR, INC.,

a Maine corporation,

	 DISCOVERY HOUSE-GROUP, LLC,

a Delaware limited liability company,

	 DISCOVERY HOUSE-HZ, LLC,

a Pennsylvania limited liability company,

	 DISCOVERY HOUSE-LT, INC.,

a Utah corporation,

	 DISCOVERY HOUSE-NC, LLC,

a Pennsylvania limited liability company,

	 DISCOVERY HOUSE-UC, INC.,

a Utah corporation,

	 DMC - MEMPHIS, LLC,
 a
Tennessee limited liability company,

	 DUFFY’S NAPA VALLEY REHAB, LLC,

a Delaware limited liability company,

	 EAST INDIANA TREATMENT CENTER, LLC,

an Indiana limited liability company,

	 EL PASO BEHAVIORAL HOSPITAL, LLC,

a Delaware limited liability company,

	 EVANSVILLE TREATMENT CENTER, LLC,

an Indiana limited liability company,

	 FĒNX HEALTHCARE, LLC,

a Delaware limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 FOUR CIRCLES RECOVERY CENTER, LLC,

a Delaware limited liability company,

	 GALAX TREATMENT CENTER, LLC,

a Virginia limited liability company,

	 GENERATIONS BH, LLC,
 an Ohio
limited liability company,

	 GIFFORD STREET WELLNESS CENTER, LLC,

a Delaware limited liability company,

	 GREENBRIER ACQUISITION, LLC,

a Delaware limited liability company,

	 GREENBRIER HOLDINGS, L.L.C.,

a Louisiana limited liability company,

	 GREENBRIER HOSPITAL, L.L.C.,

a Louisiana limited liability company,

	 GREENBRIER REALTY, L.L.C.,
 a
Louisiana limited liability company,

	 GREENLEAF CENTER, LLC,
 a
Delaware limited liability company,

	 HABILITATION CENTER, LLC,
 an
Arkansas limited liability company,

	 HABIT OPCO, LLC,
 a Delaware
limited liability company,

	 HENRYVILLE INN, LLC,
 a
Pennsylvania limited liability company,

	 HERMITAGE BEHAVIORAL, LLC,
 a
Delaware limited liability company,

	 HMIH CEDAR CREST, LLC,
 a
Delaware limited liability company,

	 HUNTINGTON TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 INDIANAPOLIS TREATMENT CENTER, LLC,

an Indiana limited liability company,

	 KIDS BEHAVIORAL HEALTH OF MONTANA, INC.,

a Montana corporation,

	 LAKELAND HOSPITAL ACQUISITION, LLC,

a Georgia limited liability company,

	 MCCALLUM GROUP, LLC,
 a
Missouri limited liability company,

	 MCCALLUM PROPERTIES, LLC,
 a
Missouri limited liability company,

	 MILLCREEK SCHOOL OF ARKANSAS, LLC,

an Arkansas limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 MILLCREEK SCHOOLS, LLC,
 a
Mississippi limited liability company,

	 MILWAUKEE HEALTH SERVICES SYSTEM, LLC,

a California limited liability company,

	 MISSION TREATMENT CENTERS, INC.,

a Nevada corporation,

	 MISSION TREATMENT SERVICES, INC.,

a California corporation,

	 NORTHEAST BEHAVIORAL HEALTH, LLC,

a Delaware limited liability company,

	 OHIO HOSPITAL FOR PSYCHIATRY, LLC,

an Ohio limited liability company,

	OPTIONS TREATMENT CENTER ACQUISITION
	 CORPORATION,
 an Indiana
corporation,

	 PARKERSBURG TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 PHC MEADOWWOOD, LLC,
 a
Delaware limited liability company,

	 PHC OF MICHIGAN, LLC,
 a
Massachusetts limited liability company,

	 PHC OF NEVADA, INC.,
 a
Massachusetts corporation,

	 PHC OF UTAH, INC.,
 a
Massachusetts corporation,

	 PHC OF VIRGINIA, LLC,
 a
Massachusetts limited liability company,

	 PINEY RIDGE TREATMENT CENTER, LLC,

a Delaware limited liability company,

	POCONO MOUNTAIN RECOVERY CENTER
	 LAND LLC,
 a Pennsylvania
limited liability company,

	 POCONO MOUNTAIN RECOVERY CENTER, LLC,

a Pennsylvania limited liability company,

	 POLARIS HOSPITAL HOLDINGS, LLC,

a Nevada limited liability company,

	 PSYCHIATRIC RESOURCE PARTNERS, LLC,

a Delaware limited liability company,

	 QUALITY ADDICTION MANAGEMENT, INC.,

a Wisconsin corporation,

	 R.I.S.A.T., LLC,
 a Rhode
Island limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 REBOUND BEHAVIORAL HEALTH, LLC,

a South Carolina limited liability company,

	 RED RIVER HOLDING COMPANY, LLC,

a Delaware limited liability company,

	 RED RIVER HOSPITAL, LLC,
 a
Delaware limited liability company,

	 REHABILITATION CENTERS, LLC,

a Mississippi limited liability company,

	 RESOLUTE ACQUISITION CORPORATION,

an Indiana corporation,

	 RICHMOND TREATMENT CENTER, LLC,

an Indiana limited liability company,

	 RIVERVIEW BEHAVIORAL HEALTH, LLC,

a Texas limited liability company,

	 RIVERWOODS BEHAVIORAL HEALTH, LLC,

a Delaware limited liability company,

	 ROCK CREST DRIVE, LLC,
 a
Pennsylvania limited liability company,

	 ROCK CREST LLC LIMITED LIABILITY COMPANY,

a Pennsylvania limited liability company,

	 ROLLING HILLS HOSPITAL, LLC,

an Oklahoma limited liability company,

	 RTC RESOURCE ACQUISITION CORPORATION,

an Indiana corporation,

	 SAHARA HEALTH SYSTEMS, L.L.C.,

a Louisiana limited liability company,

	 SAN DIEGO HEALTH ALLIANCE,
 a
California corporation,

	 SAN DIEGO TREATMENT SERVICES, LLC,

a California limited liability company,

	 SERENITY KNOLLS,
 a
California corporation,

	 SEVEN HILLS HOSPITAL, LLC,
 a
Delaware limited liability company,

	 SHAKER CLINIC, LLC,
 an Ohio
limited liability company,

	 SHELTERED LIVING INCORPORATED,

a Texas corporation,

	 SIERRA TUCSON, LLC,
 a
Delaware limited liability company,

	 SKYWAY HOUSE, LLC,
 a
Delaware limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 SOBER LIVING BY THE SEA, INC.,

a California corporation,

	 SONORA BEHAVIORAL HEALTH HOSPITAL, LLC,

a Delaware limited liability company,

	 SOUTHERN INDIANA TREATMENT CENTER, LLC,

a Indiana limited liability company,

	SOUTHWESTERN CHILDREN’S HEALTH
	 SERVICES, INC.,
 an Arizona
corporation,

	 SOUTHWOOD PSYCHIATRIC HOSPITAL, LLC,

a Pennsylvania limited liability company,

	 STRUCTURE HOUSE, LLC,
 a
Delaware limited liability company,

	 SUCCESS ACQUISITION, LLC,
 an
Indiana limited liability company,

	 SUWS OF THE CAROLINAS, INC.,

a Delaware corporation,

	 TEN BROECK TAMPA, LLC,
 a
Florida limited liability company,

	 TEN LAKES CENTER, LLC,
 an
Ohio limited liability company,

	 TEXARKANA BEHAVIORAL ASSOCIATES, L.C.,

a Texas limited liability company,

	 THE CAMP RECOVERY CENTER, LLC,

a California limited liability company,

	 THE PAVILION AT HEALTHPARK, LLC,

a Florida limited liability company,

	 THE REFUGE, A HEALING PLACE, LLC,

a Florida limited liability company,

	 TK BEHAVIORAL HOLDING COMPANY, LLC,

a Delaware limited liability company,

	 TK BEHAVIORAL, LLC,
 a
Delaware limited liability company,

	 TRANSCULTURAL HEALTH DEVELOPMENT, INC.,

a California corporation,

	 TREATMENT ASSOCIATES, INC.,

a California corporation,

	 TRUSTPOINT HOSPITAL, LLC,
 a
Tennessee limited liability company,

	 VALLEJO ACQUISITION SUB, LLC,

a Delaware limited liability company

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 VALLEY BEHAVIORAL HEALTH SYSTEM, LLC,

a Delaware limited liability company,

	 VERMILION HOSPITAL, LLC,
 a
Delaware limited liability company,

	 VILLAGE BEHAVIORAL HEALTH, LLC,

a Delaware limited liability company,

	 VIRGINIA TREATMENT CENTER, LLC,

a Virginia limited liability company,

	 VISTA BEHAVIORAL HOLDING COMPANY, LLC,

a Delaware limited liability company,

	 VISTA BEHAVIORAL HOSPITAL, LLC,

a Delaware limited liability company,

	 VITA NOVA, LLC,
 a Rhode
Island limited liability company,

	 VOLUNTEER TREATMENT CENTER, LLC,

a Tennessee limited liability company,

	 WCHS, INC.,
 a California
corporation,

	 WEBSTER WELLNESS PROFESSIONALS, LLC,

a Missouri limited liability company,

	 WELLPLACE, LLC,
 a
Massachusetts limited liability company,

	 WHEELING TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 WHITE DEER REALTY, LLC,
 a
Pennsylvania limited liability company,

	 WHITE DEER RUN, LLC,
 a
Pennsylvania limited liability company,

	 WICHITA TREATMENT CENTER INC.,

a Kansas corporation,

	 WILLIAMSON TREATMENT CENTER, LLC,

a West Virginia limited liability company,

	 WILMINGTON TREATMENT CENTER, LLC,

a Virginia limited liability company,

	YOUTH AND FAMILY CENTERED SERVICES
	 OF NEW MEXICO, INC.,
 a New
Mexico corporation,

	 YOUTH CARE OF UTAH, INC.,
 a
Delaware corporation

 
			
		
	By:	 	 /s/ Christopher L. Howard

	Name:	 	Christopher L. Howard
	Title:	 	Vice President and Secretary

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

							
	ADMINISTRATIVE AGENT:	 		 	BANK OF AMERICA, N.A., as Administrative Agent
				
		 		 	By:	 	 /s/ Linda Lov

		 		 	Name:	 	Linda Lov
		 		 	Title:	 	Assistant Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

							
	SWING LINE LENDER:	 		 	BANK OF AMERICA, N.A., as Swing Line Lender
				
		 		 	By:	 	 /s/ H. Hope Walker

		 		 	Name:	 	H. Hope Walker
		 		 	Title:	 	Senior Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

							
	L/C ISSUER:	 		 	BANK OF AMERICA, N.A., as an L/C Issuer
				
		 		 	By:	 	 /s/ H. Hope Walker

		 		 	Name:	 	H. Hope Walker
		 		 	Title:	 	Senior Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

							
	L/C ISSUER:	 		 	CITIBANK, N.A., as an L/C Issuer
				
		 		 	By:	 	 /s/ Alvaro De Velasco

		 		 	Name:	 	Alvaro De Velasco
		 		 	Title:	 	Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

							
	LENDERS:	 		 	 BANK OF AMERICA, N.A.,
 as a
2020 Refinancing Lender

				
		 		 	By:	 	 /s/ H. Hope Walker

		 		 	Name:	 	H. Hope Walker
		 		 	Title:	 	Senior Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 CAPITAL ONE, NATIONAL ASSOCIATION,

as a 2020 Refinancing Lender

		
	By:	 	 /s/ Anthony B. Sendik

	Name:	 	Anthony B. Sendik
	Title:	 	Duly Authorized Signatory

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	Fifth Third Bank, National Association,
	as a 2020 Refinancing Lender
		
	By:	 	/s/ Thomas Avery
	Name:	 	Thomas Avery
	Title:	 	Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Bank of Montreal,

	as a 2020 Refinancing Lender
		
	By:	 	/s/ Eric Oppenheimer
	Name:	 	Eric Oppenheimer
	Title:	 	Managing Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 CITIBANK, N.A.,

	as a 2020 Refinancing Lender
		
	By:	 	/s/ Alvaro De Velasco
	Name:	 	Alvaro De Velasco
	Title:	 	Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Credit Agricole Corporate and Investment Bank,

as a 2020 Refinancing Lender

 
			
		
	By:	 	/s/ Jill Wong
	Name:	 	Jill Wong
	Title:	 	Director

  

			
	By:	 	/s/ Gordon Yip
	Name:	 	 Gordon Yip

	Title:	 	Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Goldman Sachs Bank USA,
 as a
2020 Refinancing Lender

 
			
		
	By:	 	/s/ Thomas Manning
	Name:	 	Thomas Manning
	Title:	 	Authorized Signatory

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION

as a 2020 Refinancing Lender

 
			
		
	By:	 	/s/ Jordan Harris
	Name:	 	Jordan Harris
	Title:	 	Managing Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as a 2020 Refinancing Lender
		
	By:	 	/s/ Michael Strobel
	Name:	 	Michael Strobel
	Title:	 	Vice President
	
	For any Lender requiring an additional signature:
		
	By:	 	/s/ Yumi Okabe
	Name:	 	Yumi Okabe
	Title:	 	Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a 2020 Refinancing Lender
		
	By:	 	/s/ Dawn Lee Lum
	Name:	 	Dawn Lee Lum
	Title:	 	Executive Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	MUFG UNION BANK, N.A.,
	as a 2020 Refinancing Lender
		
	By:	 	/s/ Kevin Wood
	Name:	 	Kevin Wood
	Title:	 	Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Regions Bank,
 as a 2020
Refinancing Lender

		
	By:	 	/s/ Jay Gorman
	Name:	 	Jay Gorman
	Title:	 	Director

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 First Horizon Bank,
 as a
2020 Refinancing Lender

		
	By:	 	/s/ Cathy Wind
	Name:	 	Cathy Wind
	Title:	 	SVP

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Cadence Bank, N.A.,
 as a
2020 Refinancing Lender

		
	By:	 	/s/ William H. Crawford
	Name:	 	William H. Crawford
	Title:	 	Executive Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 PINNACLE BANK,
 as a 2020
Refinancing Lender

		
	By:	 	/s/ Allison H. Jones
	Name:	 	Allison H. Jones
	Title:	 	Senior Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 
			
	 Capstar Bank,
 as a 2020
Refinancing Lender

		
	By:	 	/s/ Mark D. Mattson
	Name:	 	Mark D. Mattson
	Title:	 	Executive Vice President

  
 ACADIA HEALTHCARE COMPANY,
INC. 
 FOURTH REFINANCING FACILITIES AMENDMENT 

 SCHEDULE A 

2020 Refinancing Tranche A Term Loan Commitments 
  

									
	 Lender
	  	2020 Refinancing
Tranche A Term
Loan Commitment	 	  	2020 Refinancing
Tranche A Term Loan
Applicable Percentage	 
	 Bank of America
	  	$	37,468,600.85	 	  	 	11.750881318	% 
	 Capital One, National Association
	  	$	33,721,740.73	 	  	 	10.575793176	% 
	 Fifth Third Bank, National Association
	  	$	28,476,136.64	 	  	 	8.930669800	% 
	 Bank of Montreal
	  	$	22,481,160.53	 	  	 	7.050528797	% 
	 Citibank, N.A.
	  	$	22,481,160.53	 	  	 	7.050528797	% 
	 Credit Agricole Corporate and Investment Bank
	  	$	22,481,160.53	 	  	 	7.050528797	% 
	 Goldman Sachs
	  	$	22,481,160.53	 	  	 	7.050528797	% 
	 Wells Fargo Bank, N.A.
	  	$	22,481,160.53	 	  	 	7.050528797	% 
	 Deutsche Bank AG New York Branch
	  	$	18,734,300.40	 	  	 	5.875440651	% 
	 JPMorgan Chase Bank, National Association
	  	$	18,734,300.40	 	  	 	5.875440651	% 
	 MUFG Union Bank NA
	  	$	18,734,300.40	 	  	 	5.875440651	% 
	 Regions Bank
	  	$	18,734,300.40	 	  	 	5.875440651	% 
	 First Horizon Bank
	  	$	11,240,580.26	 	  	 	3.525264397	% 
	 Cadence Bank, N.A.
	  	$	9,367,150.21	 	  	 	2.937720329	% 
	 Pinnacle Bank
	  	$	7,493,720.19	 	  	 	2.350176270	% 
	 Capstar Bank
	  	$	3,746,860.05	 	  	 	1.175088121	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	318,857,793.18	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

  
 Schedule A - 1 

 SCHEDULE 2.1 

2020 Refinancing Revolving Commitments 
  

									
	 Lender
	  	2020 Refinancing
Revolving
Commitment	 	  	2020 Refinancing
Revolving Applicable
Percentage	 
	 Bank of America
	  	$	53,937,947.47	 	  	 	11.750881311	% 
	 Capital One, National Association
	  	$	48,544,152.74	 	  	 	10.575793183	% 
	 Fifth Third Bank, National Association
	  	$	40,992,840.10	 	  	 	8.930669801	% 
	 Bank of Montreal
	  	$	32,362,768.50	 	  	 	7.050528790	% 
	 Citibank, N.A.
	  	$	32,362,768.50	 	  	 	7.050528790	% 
	 Credit Agricole Corporate and Investment Bank
	  	$	32,362,768.50	 	  	 	7.050528790	% 
	 Goldman Sachs
	  	$	32,362,768.50	 	  	 	7.050528790	% 
	 Wells Fargo Bank, N.A.
	  	$	32,362,768.50	 	  	 	7.050528790	% 
	 Deutsche Bank AG New York Branch
	  	$	26,968,973.75	 	  	 	5.875440659	% 
	 JPMorgan Chase Bank, National Association
	  	$	26,968,973.75	 	  	 	5.875440659	% 
	 MUFG Union Bank NA
	  	$	26,968,973.75	 	  	 	5.875440659	% 
	 Regions Bank
	  	$	26,968,973.75	 	  	 	5.875440659	% 
	 First Horizon Bank
	  	$	16,181,384.25	 	  	 	3.525264395	% 
	 Cadence Bank, N.A.
	  	$	13,484,486.87	 	  	 	2.937720328	% 
	 Pinnacle Bank
	  	$	10,787,589.50	 	  	 	2.350176264	% 
	 Capstar Bank
	  	$	5,393,794.75	 	  	 	1.175088132	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	459,011,933.18	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

  
 Schedule 2.1 - 1 

 SCHEDULE 6.20-4 

Mortgaged Properties (as of the Fourth Refinancing Facilities Amendment Effective Date) 

 

									
	 Property Owner Name1
	  	 Property Address2
	  	 City
	  	 State
	  	 Zip Code

					
	RiverWoods Behavioral Health, LLC	  	223 Medical Center Drive	  	Riverdale	  	GA	  	30274
					
	Austin Behavioral Hospital, LLC	  	8402 Cross Park Drive	  	Austin	  	TX	  	78754
					
	BCA of Detroit, LLC	  	15000 Gratiot Avenue	  	Detroit	  	MI	  	48205
					
	Bowling Green Inn of Pensacola, LLC, a Virginia limited liability company (converted from Bowling Green Inn of Pensacola, Inc.)	  	2068 Health Care Avenue	  	Navarre	  	FL	  	32566
					
	CAPS of Virginia, LLC, a California corporation
(converted from CAPS of Virginia, Inc.)	  	1010 East Second Street	  	Canton	  	SD	  	57013
					
	CAPS of Virginia, LLC, a California corporation
(converted from CAPS of Virginia, Inc.)	  	2520 Troy Drive	  	Wilmington	  	NC	  	28401
					
	Cascade Behavioral Hospital, LLC	  	12844 Military Road S	  	Tukwila	  	WA	  	98168
					
	CRC Health, LLC (converted from CRC Health
Corporation, successor-by-merger to Comprehensive Addiction Programs, Inc.)	  	1375 Newark Road	  	Kennett Square	  	PA	  	19348
					
	Duffy’s Napa Valley Rehab, LLC	  	 3076 Myrtledale Road
  

3088 Myrtledale Road
	  	Calistoga	  	CA	  	94515
					
	Valley Behavioral Health System, LLC	  	10301 Mayo Drive	  	Barling	  	AR	  	72923

  

	1 	 Place of organization is Delaware unless otherwise indicated. 

	2 	 Reference is made to the full legal descriptions in the recorded mortgages. 

  
 Schedule 6.20-4 - 1 

									
	 Property Owner Name1
	  	 Property Address2
	  	 City
	  	 State
	  	 Zip Code

					
	HMIH Cedar Crest, LLC	  	3500 S Interstate 35	  	Belton	  	TX	  	76513
					
	 Ohio Hospital for Psychiatry, LLC, 
an Ohio limited liability company
	  	880 Greenlawn Avenue	  	Columbus	  	OH	  	43223
					
	 PHC MeadowWood, LLC
	  	575 S DuPont Highway	  	New Castle	  	DE	  	19720
					
	 PHC of Utah, Inc., 
a Massachusetts corporation
	  	7309 S 180 W	  	Midvale	  	UT	  	84047
					
	 Texarkana Behavioral Associates, L.C., 
a Texas limited company
	  	4253 N. Crossover Road	  	Fayetteville	  	AR	  	72703
					
	 Rehabilitation Centers, LLC, 
a Mississippi limited liability company
	  	900 1st Avenue NE	  	Magee	  	MS	  	39111
					
	 Seven Hills Hospital, LLC (converted from Seven Hills Hospital, Inc.)
	  	 10649 Jeffreys Street
  

3021 West Horizon Ridge Parkway
  

3051 West Horizon Ridge Parkway
	  	Henderson	  	NV	  	89052
					
	 Sonora Behavioral Health Hospital, LLC
	  	6050 N. Corona Road	  	Tucson	  	AZ	  	85704
					
	 Southwestern Children’s Health Services, Inc., 
an Arizona corporation
	  	2190 N. Grace Boulevard	  	Chandler	  	AZ	  	85225
					
	 Belmont Behavioral Hospital, LLC
	  	 4200 Monument Road
  

4081 Ford Road
  

4083 Ford Road
  

4085 Ford Road
  

4087 Ford Road
  

4089 Ford Road
	  	Philadelphia	  	PA	  	19131

  
 Schedule 6.20-4 - 2 

									
	 Property Owner Name1
	  	 Property Address2
	  	 City
	  	 State
	  	 Zip Code

					
	 DMC - Memphis, LLC, 
a Tennessee limited liability company3
	  	 3000 Getwell Road
  

3960 Knight Arnold Road
  

3976 Knight Arnold Road
  

3992 Knight Arnold Road
  

3047 and 3055 Watson Street
	  	Memphis	  	TN	  	38118
					
	 Structure House, LLC
	  	3017 Pickett Road	  	Durham	  	NC	  	27705
					
	 Ten Broeck Tampa, LLC, 
a Florida limited liability company
	  	29910 SR 56	  	Wesley Chapel	  	FL	  	33543
					
	 The Camp Recovery Center, LLC, 
a California limited liability company (converted from
The
Camp Recovery Centers, L.P.)
	  	3192 Glen Canyon Road	  	Scotts Valley	  	CA	  	95066
					
	 TK Behavioral, LLC
	  	 40 Timberline Drive
  

1 Povalish Court
	  	Lemont	  	IL	  	60439
					
	 Galax Treatment Center, LLC, 
a Virginia limited liability company
	  	 104 Painter Street
  

106 Painter Street
  

108 and 112 Painter Street
  

501 W. Oldtown Street
	  	Galax	  	VA	  	24333
					
	 Vista Behavioral Hospital, LLC
	  	5900 Brockton Avenue	  	Riverside	  	CA	  	92506
					
	 White Deer Realty, LLC, 
a Pennsylvania limited liability company
	  	360 White Deer Run Road	  	Allenwood	  	PA	  	17810

  

	3 	 Portion of 3055 Watson Road released: Lot 13 and south 15 feet of Lot 12, HORMIL Subdivision, as shown on plat
of record in Plat Book 36, Page 7, in the Register’s Office, Shelby County, Tennessee, to which plat reference is hereby made for a more particular description of said property. 

  
 Schedule 6.20-4 - 3 

									
	 Property Owner Name1
	  	 Property Address2
	  	 City
	  	 State
	  	 Zip Code

					
	White Deer Realty, LLC	  	202 Cove Forge Road	  	Williamsburg	  	PA	  	16693
					
	 Serenity Knolls, a California corporation
	  	 125 Tamal Road
  

145 Tamal Road
	  	Forest Knolls	  	CA	  	94933
					
	 Greenbrier Hospital, L.L.C., 
a Louisiana limited liability company
	  	201 Greenbrier Boulevard	  	Covington	  	LA	  	70433
					
	 Piney Ridge Treatment Center, LLC
	  	5060 E. Robinson Avenue	  	Springdale	  	AR	  	72764
					
	 Bowling Green Inn of Pensacola, LLC, 
a Virginia limited liability company
	  	 2870 Florida Boulevard
  

2821 Frederick Boulevard
	  	Delray Beach	  	FL	  	33483
					
	 Conway Behavioral Health, LLC
	  	2255 Sturgis Road	  	Conway	  	AR	  	72034
					
	 El Paso Behavioral Hospital, LLC
	  	1390 Northwestern Drive	  	El Paso	  	TX	  	79912

 Henderson, Nevada Legal Description 

PARCEL 1 
 A TRACT BEING A PORTION OF “LOT B”
OF THAT CERTAIN FINAL MAP ENTITLED “SEVEN HILLS BUSINESS PARK, A COMMERCIAL SUBDIVISION” RECORDED IN BOOK 96 OF PLATS, PAGE 61, OFFICIAL RECORDS, CLARK COUNTY, NEVADA, SITUATED IN THE NORTHEAST QUARTER
(NE1⁄4) OF SECTION 35, TOWNSHIP 22 SOUTH, RANGE 61 EAST, M.D.M., CITY OF HENDERSON, CLARK COUNTY, NEVADA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT THE SOUTHEAST CORNER OF SAID “LOT B”, SAID POINT BEING ON THE WESTERLY RIGHT-OF-WAY LINE OF JEFFREY’S STREET (30' WIDE HALF RIGHT-OF-WAY AS DEDICATED PER FILE 94 OF PARCEL MAPS, PAGE 29);
THENCE LEAVING SAID WESTERLY RIGHT-OF-WAY LINE AND ALONG THE SOUTHERLY LINE OF SAID “LOT B”, SOUTH 89°24'40” WEST 384.00 FEET; THENCE LEAVING
SAID SOUTHERLY LINE, NORTH 00°35'20” WEST 44.73 FEET; THENCE NORTH 41 °42'02” WEST, 309.52 FEET; THENCE NORTH 66°20'56” EAST, 104.56 FEET; THENCE NORTH 86°52'20” EAST, 34.12 FEET; THENCE NORTH
61°10'03” EAST, 15.01 FEET; THENCE NORTH 48°17'58” EAST, 314.27 FEET; THENCE NORTH 41 °42'02” WEST, 135.99 FEET TO THE BEGINNING OF A 200.00 FOOT RADIUS NON-TANGENT
CURVE, CONCAVE TO THE 

  
 Schedule 6.20-4 - 4 

 
SOUTH, TO WHICH A RADIAL LINE BEARS NORTH 48°52'00” WEST; THENCE NORTHEASTERLY ALONG SAID 200.00 FOOT RADIUS NONTANGENT CURVE TO THE RIGHT THROUGH A CENTRAL ANGLE OF
48°16'40” (THE LONG CHORD OF WHICH BEARS NORTH 65°16'20” EAST, 163.58 FEET) FOR AN ARC LENGTH OF 168.52 FEET; THENCE NORTH 89°24'20” EAST, 84.36 FEET; THENCE NORTH 77°13'43” EAST, 24.55 FEET;
THENCE NORTH 89°24'41” EAST, 39.00 FEET TO THE WESTERLY RIGHT-OF-WAY LINE OF SAID JEFFREY’S STREET; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE, SOUTH 00°35'20” EAST, 708.69 FEET TO THE POINT OF BEGINNING. 

ALSO KNOWN AS LOT ONE (1) OF RECORD OF SURVEY ON FILE IN FILE 193 OF SURVEYS, PAGE 22, RECORDED SEPTEMBER 25, 2014 IN BOOK 20140925 AS DOCUMENT
NO. 02932, OF OFFICIAL RECORDS. EXCEPTING THEREFROM THAT PORTION CONVEYED TO THE CITY OF HENDERSON FOR A PUBLIC RIGHT OF WAY BY GRANT, BARGAIN, SALE DEED RECORDED AUGUST 8, 2013 AS INSTRUMENT NO. 201308080001758 OF OFFICIAL RECORDS. 

PARCEL 2: 

NON-EXCLUSIVE EASEMENTS OVER THE COMMON AREAS AND COMMON ROADWAYS FOR INGRESS, EGRESS, WALKING, ACCESSING, CROSSING,
DRIVING, PARKING, OR OTHER LAWFUL DRIVING OR PARKING ACTIVITIES, AS SET FORTH IN THAT CERTAIN RECIPROCAL ACCESS EASEMENT AND MAINTENANCE AGREEMENT RECORDED DECEMBER 13, 2002 IN BOOK 20021213 AS DOCUMENT NO. 00100, IN THE OFFICE OF THE COUNTY
RECORDER OF CLARK COUNTY, NEVADA. 
 PARCEL 3: 

A PERPETUAL AND IRREVOCABLE NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS BY VEHICULAR, PEDESTRIAN AND OTHER
TRAFFIC, VEHICULAR PARKING AND INCIDENTAL PURPOSES AS SET FORTH IN THOSE CERTAIN AGREEMENT FOR PARKING EASEMENTS RECORDED OCTOBER 11, 2005 IN BOOK 20051011 AS INSTRUMENT NO. 0005939 OF OFFICIAL RECORDS AND RECORDED OCTOBER 26, 2009 AS
INSTRUMENT NO. 200910260004392 OF OFFICIAL RECORDS. 

  
 Schedule 6.20-4 - 5 

 Annex I 

Partnerships in Care Property I Limited, a private limited company incorporated in England and Wales, in each case pursuant to the UK Acquisition Documents.

 “UK Acquisition Agreement” means that certain Agreement, dated as of June 3, 2014, by and among Piper 2, as buyer,
Partnerships in Care Holdings Limited, a company incorporated in England and Wales, as a seller, The Royal Bank of Scotland plc, as a Seller, and the Borrower. 

“UK Acquisition Closing Date” means the date that the UK Acquisition is consummated and the funding of the UK Acquisition
Facilities occurs. 
 “UK Acquisition Costs” means (a) the purchase price for the UK Acquisition, (b) the
refinancing or repayment of third party indebtedness for borrowed money of the UK Target and its Subsidiaries and (c) fees, costs and expenses incurred in connection with the UK Acquisition and the equity and debt financings entered into in
connection therewith. 
 “UK Acquisition Documents” means the UK Acquisition Agreement and all other documents, agreements
and instruments entered into in connection with the UK Acquisition, in each case including the disclosure schedules thereto. 
 “UK
Acquisition Facilities” means Incremental Facilities, Bridge Senior Unsecured Indebtedness and/or Permanent Senior Unsecured Indebtedness the proceeds of which are used to finance the UK Acquisition Costs. 

“UK Business Divestiture” means the sale to a third party of all or substantially all of the United Kingdom business and
operations of the Borrower and its Subsidiaries. 

“UK Disposition” means the Disposition of certain
real and personal property assets located in England and Wales prior to December 31, 2016 (or such longer period as the Administrative Agent may permit in its sole discretion), necessary to comply with any Order from the U.K. Competition and
Markets Authority for anti-trust purposes under U.K. Law. 
 “UK
Target” means Partnerships in Care Investments I Limited, a private limited company incorporated in England and Wales. 

“United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i). 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Internal Revenue Code. 
 “U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(III).

 “Weighted Average Life” means, when applied to any Indebtedness at any date, the number of years (and/or portion
thereof) obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final
maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding
principal amount of such Indebtedness. 

  
 42 

 (p)     Indebtedness in an aggregate amount not to
exceed $50,000,000 outstanding at any one time, including, Indebtedness of Persons acquired in Permitted Acquisitions (the “Acquired Indebtedness”), provided that such Acquired Indebtedness (i) shall exist prior to the
applicable Permitted Acquisition and shall not have been incurred in anticipation of the applicable Permitted Acquisition and (ii) would be subject to a prepayment penalty if repaid concurrently with the consummation of such Permitted
Acquisition. 
  

	8.04	 Fundamental Changes. 

Merge, dissolve, liquidate or consolidate with or into another Person, except that so long as no Default exists or would result therefrom,
(a) the Borrower may merge or consolidate with any Subsidiary, provided that the Borrower shall be the continuing or surviving Person, (b) any Subsidiary may merge or consolidate with any other Subsidiary, provided that (i) if
a Guarantor is a party thereto, then a Guarantor shall be the continuing or surviving Person and (ii) if a Guarantor is not a party thereto and a Domestic Subsidiary is a party thereto, then a Domestic Subsidiary shall be the continuing or
surviving Person, (c) the Borrower or any Subsidiary may merge with any other Person in connection with a Permitted Acquisition provided that if the Borrower is a party thereto, then the Borrower shall be the continuing or surviving Person and
(d) any Subsidiary may dissolve, liquidate or wind up its affairs at any time provided that such dissolution, liquidation or winding up, as applicable, could not have a Material Adverse Effect. 

 

	8.05	 Dispositions. 

Make any Disposition unless (a) the consideration paid in connection therewith shall be cash or Cash Equivalents paid contemporaneous with
consummation of the transaction and shall be in an amount not less than the fair market value (as determined by the board of directors or comparable governing body in its good faith business judgment) of the property disposed of, (b) if such
transaction is a Sale and Leaseback Transaction, such transaction is not prohibited by the terms of Section 8.14, (c) such transaction does not involve the sale or other disposition of a minority equity interest in any Subsidiary,
(d) such transaction does not involve a sale or other disposition of receivables other than receivables owned by or attributable to other property concurrently being disposed of in a transaction otherwise permitted under this
Section 8.05, (e) the aggregate net book value of all of the assets sold or otherwise disposed of by the Borrower and its Subsidiaries in all such transactions in any fiscal year of the Borrower (other than the assets sold pursuant to
the UK
DispositionBusiness
Divestiture) shall not exceed an amount equal to 7.5% of the net book value of the plant, property and equipment of the Borrower and its Subsidiaries on a consolidated basis as of the end of the
immediately preceding fiscal year of the Borrower and (f) with respect to the UK DispositionBusiness Divestiture, (i) no Default exists or would result from
the UK
DispositionBusiness
 Divestiture and (ii) the Administrative Agent shall have received a Pro Forma Compliance Certificate demonstrating that after giving effect to the UK DispositionBusiness
Divestiture and the application of proceeds thereof on a Pro Forma Basis, the Loan Parties would be in compliance with the financial covenants set forth in Section 8.11 recomputed as
of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b). 

 

	8.06	 Restricted Payments. 

Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 

  
 118Document

Exhibit 10.1
INDEMNIFICATION AGREEMENT
This Indemnification Agreement (this “Agreement”) is made as of this      day of             , 20   , by and between Quidel Corporation, a Delaware corporation (the “Company”) and                          (“Indemnitee”).
RECITALS
WHEREAS, the Board of Directors of the Company (the “Board of Directors”) has determined that in order to attract and retain qualified persons as directors and officers of the Company, it is in the best interests of the Company and its stockholders to assure such persons that there will be adequate certainty of protection through insurance and indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the Company; and
WHEREAS, the Company has adopted provisions in its By-laws providing for indemnification of certain officers and its directors to the fullest extent permitted by the Delaware General Corporation Law (the “DGCL”), and the Company wishes to clarify and detail the rights and obligations of the Company and Indemnitee with respect to indemnification; and
WHEREAS, in order to induce and encourage highly experienced and capable persons such as Indemnitee to serve and continue to serve as directors and officers of the Company and in any other capacity with respect to the Company, and to otherwise promote the desirable end that such persons will resist what they consider unjustified lawsuits and claims made against them in connection with the good faith performance of their duties to the Company, with the knowledge that certain costs, judgments, penalties, fines, liabilities and expenses incurred by them in their defense of such litigation are to be borne by the Company and they will receive the appropriate protection against such risks and liabilities, the Board of Directors has determined that this Agreement is reasonable and prudent to promote and ensure the best interests of the Company and its stockholders; and
WHEREAS, the Company desires to have Indemnitee continue to serve as a director and/or officer of the Company and in such other capacity with respect to the Company as the Company may request, as the case may be, free from undue concern for unpredictable, inappropriate or unreasonable legal risks and personal liabilities by reason of Indemnitee acting in good faith in the performance of Indemnitee’s duty to the Company; and Indemnitee desires to continue so to serve the Company, provided, and on the express condition, that he or she is furnished with the indemnity set forth hereinafter.

Now, therefore, in consideration of Indemnitee’s continued service as a director and/or officer of the Company, the parties hereto agree as follows:
AGREEMENT
1.Service by Indemnitee.  Indemnitee will serve and/or continue to serve as a director or officer of the Company faithfully and to the best of Indemnitee’s ability so long as Indemnitee is duly elected or appointed and until such time as Indemnitee is removed as permitted by law or tenders a resignation in writing.
2.Indemnification.  The Company shall indemnify Indemnitee to the fullest extent permitted by the DGCL in effect on the date hereof or as such law may be amended from time to time (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted the Company to provide prior to such amendment), all on the terms and conditions set forth in this Agreement.  Without diminishing the scope of the indemnification provided by this Section, the rights of indemnification of Indemnitee provided hereunder shall include but shall not be limited to those rights hereinafter set forth, except that no indemnification shall be paid to Indemnitee:
(a)for which payment is actually made to Indemnitee under a valid and collectible insurance policy or under a valid and enforceable indemnity clause, by-law or agreement of the Company or any other company or organization , except in respect of any indemnity exceeding the payment under such insurance, clause, by-law or agreement (and Indemnitee shall reimburse the Company for any amounts paid by the Company and subsequently so recovered by Indemnitee);
(b)in connection with an action, suit or proceeding, or part thereof initiated or brought voluntarily by Indemnitee (including claims and counterclaims, whether such counterclaims are asserted by (i) Indemnitee or (ii) the Company in an action, suit or proceeding initiated by Indemnitee) and not by way of defense, except a judicial proceeding or arbitration pursuant to Section 11 to enforce rights under this Agreement, unless the action, suit or proceeding (or part thereof) was authorized or ratified by the Board of Directors
(c)on account of Indemnitee’s conduct which is finally adjudged to have been knowingly fraudulent or deliberately dishonest, or to constitute willful misconduct;
(d)on account of any suit in which judgment is rendered against Indemnitee for an accounting of profits made for the purchase or sale by Indemnitee of securities of the Company pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”), or any similar successor statute;
(e)for any reimbursement of the Company by Indemnitee of any compensation pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 or any compensation recoupment or clawback policy adopted by the Board of Directors or the compensation committee of the Board of Directors;
2

(f)with respect to any action, suit or proceeding brought by or on behalf of the Company against Indemnitee that is authorized by the Board of Directors, except as provided in Sections 5 and 6 below and the exception to the proviso in Section 4 below; and
(g)if a final decision by a court having competent jurisdiction in the matter shall determine that such indemnification is not lawful.
3.Action or Proceedings Other than an Action by or in the Right of the Company.  Except as limited by Section 2 above, Indemnitee shall be entitled to the indemnification rights provided in this Section if Indemnitee was or is a party or is threatened to be made a party to any Proceeding (defined below) (other than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or while a director, officer, employee, agent or fiduciary of the Company is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of any other entity (including, but not limited to, another corporation, partnership, joint venture, trust or employee benefit plan); or by reason of anything done or not done by Indemnitee in any such capacity.  Pursuant to this Section, Indemnitee shall be indemnified against all costs, judgments, penalties, fines, liabilities, amounts paid in settlement by or on behalf of Indemnitee, and Expenses (defined below) actually and reasonably incurred by Indemnitee in connection with such Proceeding, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful.
4.Indemnity in Proceedings by or in the Right of the Company.  Except as limited by Section 2 above, Indemnitee shall be entitled to the indemnification rights provided in this Section if Indemnitee was or is a party or is threatened to be made a party to any Proceeding brought by or in the right of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or while a director, officer, employee, agent or fiduciary of the Company is or was serving at the request of the Company as a director, officer, employee or agent or fiduciary of any other entity (including, but not limited to, another corporation, partnership, joint venture, trust or employee benefit plan); or by reason of anything done or not done by Indemnitee in any such capacity.  Pursuant to this Section, Indemnitee shall be indemnified against all costs, judgments, penalties, fines, liabilities, amounts paid in settlement by or on behalf of Indemnitee, and Expenses actually and reasonably incurred by Indemnitee in connection with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, that no such indemnification shall be made in respect of any claim, issue, or matter as to which Delaware law expressly prohibits such indemnification by reason of any adjudication of liability of Indemnitee to the Company, unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is entitled to indemnification 
3

for such costs, judgments, penalties, fines, liabilities and Expenses as such court shall deem proper.
5.Indemnification for Costs, Charges and Expenses of Successful Party.  Notwithstanding the limitations of Section 2(b), 2(f), 3 and 4 above, to the extent that Indemnitee has been successful, on the merits or otherwise, in whole or in part, in defense of any Proceeding or in defense of any claim, issue or matter therein, including, without limitation, the dismissal of any action without prejudice, or if it is ultimately determined, by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that Indemnitee is otherwise entitled to be indemnified against Expenses, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred in connection therewith.
6.Partial Indemnification.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the costs, judgments, penalties, fines, liabilities or Expenses actually and reasonably incurred in connection with any action, suit or proceeding (including an action, suit or proceeding brought by or on behalf of the Company), but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such costs, judgments, penalties, fines, liabilities and Expenses actually and reasonably incurred to which Indemnitee is entitled.
7.Contribution.  If the indemnification provided in Sections 3, 4 and 6 above is unavailable and may not be paid to Indemnitee for any reason (other than those set forth in Section 2(a)-(g)), then with respect to any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the amount of Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee to the fullest extent allowed by applicable law, in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the transaction from which such Proceeding arose and (ii) the relative fault of the Company on the one hand and the Indemnitee on the other hand in connection with the events which resulted in such Expenses, judgments, penalties, fines or settlement amounts, as well as any other relevant equitable considerations.  The relative fault of the Company on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among other matters, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments, penalties, fines or settlement amounts.  The Company agrees that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation or any other method of allocation which does not take into account the foregoing equitable considerations.
8.Indemnification for Expenses of a Witness.  Notwithstanding any other provision of this Agreement, to the maximum extent permitted by applicable law, Indemnitee shall be entitled to indemnification against all Expenses actually and reasonably incurred or suffered by Indemnitee or on Indemnitee’s behalf if Indemnitee appears as a witness or otherwise incurs legal expenses as a result of or related to Indemnitee’s service as a director, officer, employee, agent or fiduciary of the Company or, at the request of the Company, of any other 
4

entity, in any threatened, pending or completed legal, administrative, investigative or other proceeding or matter to which Indemnitee neither is, nor is threatened to be made, a party.
9.Determination of Entitlement to Indemnification.  
(a)To receive indemnification under this Agreement, Indemnitee shall submit a written request to the General Counsel of the Company (or, if there is no General Counsel, or if Indemnitee is the General Counsel, the President of the Company).  Such request shall include documentation or information which is reasonably necessary for the determination of the right to indemnification and which is reasonably available to Indemnitee.
(b)Upon written request by Indemnitee for indemnification pursuant to Sections 3, 4, 5, 6 or 8, the entitlement of Indemnitee to indemnification, to the extent not provided pursuant to the terms of this Agreement, shall be determined by the following person or persons as selected by the Board of Directors  who shall be empowered to make such determination (except in the case of (iii), which may be selected by the Disinterested Directors or (v), which shall be the default selection under this clause (b) after a Change in Control (defined below) has occurred):  (i) the Board of Directors by a majority vote of Disinterested Directors (defined below), whether or not such majority constitutes a quorum; (ii) a committee of Disinterested Directors designated by a majority vote of such Disinterested Directors, whether or not such majority constitutes a quorum; (iii) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel (defined below) in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; (iv) the stockholders of the Company; or (v) in the event a Change in Control has occurred, solely by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee.  If the person, persons or entity making such determination shall determine that Indemnitee is entitled to indemnification as to part (but not all) of any application for indemnification, such person shall reasonably prorate such partial indemnification among the claims, issues or matters at issue at the time of the determination. 
(c)If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 9(b) hereof, the Independent Counsel shall be selected as provided in this Section 9(c).  If a Change in Control has occurred, the Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising the Company of the identity of the Independent Counsel so selected.  Otherwise, the Independent Counsel shall be selected by the Board of Directors, or if selected under clause (b)(iii) above, the Disinterested Directors, and the Company shall give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected.  In either event, Indemnitee or the Company, as the case may be, may, within seven (7) days after receipt of such notice of selection, deliver to the Company or Indemnitee, as the case may be, a written objection to such selection; provided, however, such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent 
5

Counsel” as defined in Section 19(d) of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion.  Absent a proper and timely objection, the person so selected shall act as Independent Counsel.  If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit.  If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 9(a) hereof, (i) an Independent Counsel has not been selected by the Company, if applicable, or (ii) an Independent Counsel has been selected but there is an outstanding written objection regarding the qualification of the Independent Counsel, either Indemnitee or the Company may petition a court of competent jurisdiction for resolution of any objection which shall have been made by Indemnitee or the Company to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 9(b) hereof.  The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 9(b) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 9(c), regardless of the manner in which such Independent Counsel was selected or appointed.  
(d)Any Expenses incurred by Indemnitee in connection with a request for indemnification or payment of Expenses hereunder, under any other agreement, any provision of the Company’s By-laws or any directors’ and officers’ liability insurance, shall be borne by the Company.  The Company hereby indemnifies Indemnitee for any such Expenses and agrees to hold Indemnitee harmless therefrom irrespective of the outcome of the determination of Indemnitee’s entitlement to indemnification.  
10.Presumptions and Effect of Certain Proceedings.  
(a)The General Counsel of the Company (or if there is no General Counsel, or if Indemnitee is the General Counsel, the President of the Company) shall, promptly upon receipt of Indemnitee’s written request for indemnification, advise in writing the Board of Directors or such other person, persons or entity empowered or selected to make the determination as provided in Section 9 that Indemnitee has made such request for indemnification.  Upon making such request for indemnification, Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to such presumption.  
(b)If the person, persons or entity so empowered to make such determination shall have failed to make the requested determination with respect to indemnification within forty-five (45) calendar days after receipt by the General Counsel of the Company (or if there is no General Counsel, or if Indemnitee is the General Counsel, the President of the 
6

Company)  of such request, a requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification (i) absent actual and material fraud in the request for indemnification or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 45-day period may be extended for a reasonable period of time, not to exceed an additional thirty (30) calendar days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for obtaining or evaluating documentation and/or information relating thereto; and provided, further, that the foregoing provisions of this Section 10(b) shall not apply (i)(A) if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 9(b) of this Agreement and (B)(1) if, within fifteen (15) days after receipt by the General Counsel of the Company (or if there is no General Counsel, or if Indemnitee is the General Counsel, the President of the Company)  of the request for such determination, the Board of Directors or the Disinterested Directors, if appropriate, resolve to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat or (2) a special meeting of stockholders is called within thirty (30) days after such receipt for the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 9(b) of this Agreement.  
(c)The termination of any Proceeding described in Sections 3 or 4 by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself:  (i) create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful; or (ii) otherwise adversely affect the rights of Indemnitee to indemnification except as may be provided herein.
11.Remedies of Indemnitee in Cases of Determination not to Indemnify or to Advance Expenses.  In the event that a determination is made that Indemnitee is not entitled to indemnification hereunder or if payment has not been timely made following a determination of entitlement to indemnification pursuant to Sections 9 and 10, or if advancement of Expenses is not timely made pursuant to Section 16, Indemnitee shall at any time thereafter be entitled to seek an adjudication of entitlement to such indemnification or advancement of Expenses, and any such suit shall be brought in the Court of Chancery of the State of Delaware, unless otherwise required by the laws of the state in which Indemnitee primarily resides and works.  Alternatively, Indemnitee at Indemnitee’s option may seek an award in an arbitration to be conducted by a single arbitrator pursuant to the rules of the American Arbitration Association , such award to be made within sixty (60) days following the filing of the demand for arbitration, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.  The Company shall not oppose Indemnitee’s right to seek any such 
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adjudication or award in arbitration or any other claim hereunder.  In any suit or arbitration brought by Indemnitee to enforce a right to indemnification hereunder (but not in a suit or arbitration brought by the Indemnitee to enforce a right to an advancement of Expenses), it shall be a defense that Indemnitee has not met any applicable standard of conduct for indemnification set forth in the DGCL, including the standard described in Section 3 or 4, as applicable, or that Indemnitee is not entitled to be indemnified because such indemnification is excluded under Section 2(a)-(g) of this Agreement.  Further, in any suit brought by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall be entitled to recover such Expenses upon a final judicial decision of a court of competent jurisdiction from which there is no further right to appeal that the Indemnitee has not met the standard of conduct described above.  The determination in any such judicial proceeding or arbitration shall be made de novo and Indemnitee shall not be prejudiced by reason of a determination (if so made) pursuant to Sections 9 or 10 that Indemnitee is not entitled to indemnification.  If a determination is made or deemed to have been made pursuant to the terms of Section 9 or 10 that Indemnitee is entitled to indemnification, the Company shall be bound by such determination and is precluded from asserting that such determination has not been made or that the procedure by which such determination was made is not valid, binding and enforceable.  The Company further agrees to stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement and is precluded from making any assertions to the contrary.  If the court or arbitrator shall determine that Indemnitee is entitled to any indemnification or advancement of Expenses hereunder, the Company shall pay all Expenses actually and reasonably incurred by Indemnitee in connection with such adjudication or award in arbitration (including, but not limited to, any appellate Proceedings), and in any suit brought by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall pay all Expenses actually and reasonably incurred by Indemnitee in connection with such suit to the extent the Indemnitee has been successful, on the merits or otherwise, in whole or in part, in defense of such suit, to the fullest extent permitted by law.
12.Other Rights to Indemnification.  Indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may now or in the future be entitled under any provision of the By-laws or other organizational documents of the Company, vote of stockholders of the Company or Disinterested Directors, provision of law, agreement or otherwise.
13.Expenses to Enforce Agreement.  In the event that Indemnitee is subject to or intervenes in any Proceeding in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee, if Indemnitee prevails in whole or in part in such action, shall be entitled to recover from the Company and shall be indemnified by the Company against any actual Expenses incurred by Indemnitee in connection with such action.
14.Continuation of Indemnity.  All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director, officer, employee, agent or fiduciary of the Company or while a director, officer, employee, agent or 
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fiduciary of the Company or is serving at the request of the Company as a director, officer, employee, agent or fiduciary of any other entity (including, but not limited to, another corporation, partnership, joint venture, trust or employee benefit plan) and shall continue thereafter with respect to any possible claims based on the fact that Indemnitee was a director, officer, employee, agent or fiduciary of the Company or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of any other entity (including, but not limited to, another corporation, partnership, joint venture, trust or employee benefit plan).  This Agreement shall be binding upon all successors and assigns of the Company (including any transferee of all or substantially all of its assets and any successor by merger or operation of law) and shall inure to the benefit of the heirs, personal representatives and estate of Indemnitee.
15.Notification and Defense of Claim.  Promptly after receipt by Indemnitee of notice of any Proceeding, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company in writing of the commencement thereof.  Any failure by Indemnitee to notify the Company will relieve the Company of its advancement or indemnification obligations under this Agreement only to the extent the Company can establish that such omission to notify resulted in actual prejudice to the Company, and the omission to notify the Company will, in any event, not relieve the Company from any liability that the Company may have to indemnify Indemnitee or advance Expenses to Indemnitee otherwise than under this Agreement.  Notwithstanding any other provision of this Agreement, with respect to any such Proceeding of which Indemnitee notifies the Company:
(a)The Company shall be entitled to participate therein at its own expense; and
(b)Except as otherwise provided in this Section 15(b), to the extent that it may wish, the Company, jointly with any other indemnifying party similarly notified, shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee.  After notice from the Company to Indemnitee of its election so to assume the defense thereof, the Company shall not be liable to Indemnitee under this Agreement for any fees or expenses of counsel subsequently incurred by Indemnitee in connection with the defense thereof except as otherwise provided below.  Indemnitee shall have the right to employ Indemnitee’s own counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by the Company in writing, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such Proceeding or (iii) the Company shall not within sixty (60) calendar days of receipt of notice from Indemnitee in fact have employed counsel to assume the defense of the Proceeding reasonably satisfactory to Indemnitee, in each of which cases the reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the Company.  The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and
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(c)If the Company has assumed the defense of a Proceeding, the Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s written consent, or for any judicial or other award in connection with such Proceeding, if the Company was not given an opportunity, in accordance with this Section 15, to participate in the defense of such Proceeding.  The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on or disclosure obligation with respect to Indemnitee, or that would directly or indirectly constitute or impose any admission or acknowledgment of fault or culpability with respect to Indemnitee, without Indemnitee’s written consent.  Neither the Company nor Indemnitee will unreasonably withhold consent to any proposed settlement.
16.Advancement of Expenses.  All Expenses incurred by Indemnitee in defending any Proceeding described in Section 3 or 4 shall be paid by the Company in advance of the final disposition of such Proceeding at the request of Indemnitee, each such payment to be made within thirty (30) calendar days after the receipt by the General Counsel of the Company (or if there is no General Counsel, or if Indemnitee is the General Counsel, the President of the Company) of a statement or statements from Indemnitee requesting such advance or advancements from time to time.  Such statement or statements (i) shall reasonably evidence the Expenses incurred by Indemnitee in connection therewith, (ii) shall include or be accompanied by such documentation and information as is reasonably requested by the Company to determine the nature of the Proceeding and (iii) if requested by the Company because the undertaking in the next sentence is not deemed sufficient for any reason, shall include or be accompanied by a written undertaking, by or on behalf of Indemnitee to reimburse such amounts advanced if it is ultimately determined, by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that Indemnitee is not entitled to be indemnified against such Expenses by the Company as provided by this Agreement or otherwise.  In this regard, Indemnitee hereby expressly undertakes to repay any Expenses advanced to Indemnitee if it shall ultimately be determined by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal that Indemnitee is not entitled to be indemnified against such Expenses.  Any advances or undertakings to repay pursuant to this Section 16 shall be unsecured.  In addition, subject to compliance with the foregoing, Indemnitee shall be entitled to advancement of Expenses incurred in connection with any action, suit or proceeding by Indemnitee seeking a judgment in court or an adjudication or award in arbitration pursuant to this Agreement (including the enforcement of this provision).  Indemnitee’s right to advancement of Expenses shall not be subject to any standard of conduct and advances shall be made without regard to Indemnitee’s ultimate entitlement to indemnification under the provisions of this Agreement or otherwise.  
17.Separability; Prior Indemnification Agreements.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not by themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired 
10

thereby, and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent of the parties that the Company provide protection to Indemnitee to the fullest enforceable extent.  This Agreement shall supersede and replace any prior indemnification agreements entered into by and between the Company and Indemnitee and any such prior agreements shall be terminated automatically upon execution of this Agreement, without any further action by the parties.
18.Headings; References; Pronouns.  The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.  References herein to section numbers are to sections of this Agreement.  All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as appropriate.
19.Definitions.  For purposes of this Agreement:
(a)A “Change in Control” will be deemed to have occurred: 
(i)if with respect to any particular 24-month period, the individuals who, at the beginning of such 24-month period, constituted the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to the beginning of such 24-month period whose election, or nomination for election by the stockholders of the Company, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board of Directors; 
(ii)if any person, entity or group becomes the beneficial owner (within the meaning of Rule 13d‐3 promulgated under the Securities Exchange Act) of 50% or more of either the then outstanding shares of Common Stock or the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors; or 
(iii)upon the consummation by the Company of the sale or other disposition by the Company of all or substantially all of the Company’s assets or a merger, consolidation or other reorganization of the Company (a “Reorganization”) with any other person, corporation or other entity, other than:
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1)a Reorganization that would result in the voting securities of the Company outstanding immediately prior thereto (or, in the case of a Reorganization that is preceded or accomplished by an acquisition or series of related acquisitions by any person, entity or group, by tender or exchange offer or otherwise, of voting securities representing 5% or more of the combined voting power of all securities of the Company, immediately prior to such acquisition or the first acquisition in such series of acquisitions) continuing to represent, either by remaining outstanding or by being converted into voting securities of another entity, more than 50% of the combined voting power of the voting securities of the Company or such other entity outstanding immediately after such Reorganization (or series of related transactions involving such a Reorganization), or
2)a Reorganization effected to implement a recapitalization or reincorporation of the Company (or similar transaction) that does not result in a material change in beneficial ownership of the voting securities of the Company or its successor.
A “Change in Control” will not be deemed to have occurred for purposes of this Agreement until the transaction (or series of transactions) that would otherwise be considered a “Change in Control” closes. 
(b)    “Disinterested Director” means a director of the Company who is not or was not a party to the Proceeding in respect of which indemnification is being sought by Indemnitee.
(c)    “Expenses” shall include, without limitation, all reasonable attorneys’ fees, witness fees and expenses, fees and expenses of advisors and experts, retainers, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, postage, delivery service fees and all other disbursements or expenses of the types customarily and reasonably incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a proceeding and any expenses of establishing a right to indemnification or advancement under Sections 9, 11, 13 and 16 hereof, but shall not include the amount of judgments, fines or penalties actually levied against Indemnitee, or any amounts paid in settlement by or on behalf of Indemnitee.
(d)    “Independent Counsel” means a nationally recognized law firm or a member of a nationally recognized law firm that (i) has significant experience in matters involving the DGCL generally; (ii) has significant experience in matters involving the indemnification of officers and directors of public companies and (iii) neither is currently nor in the past five years has been retained to represent (1) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements to which the Company is a party), or (2) any other party to the Proceeding giving rise to a claim for indemnification hereunder.  Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a 
12

conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s right to indemnification under this Agreement.
(e)    “Proceeding” includes any actual, threatened, pending or completed investigation, action, suit, arbitration, alternate dispute resolution mechanism, inquiry, judicial, legislative or administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of the Company or otherwise, against Indemnitee, for which indemnification is not prohibited under Sections 2(a)-(g) above and whether of a civil, criminal, administrative, investigative or other nature, including, but not limited to, actions, suits or proceedings in which Indemnitee may be or may have been involved as a party or otherwise, by reason of the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or while a director, officer, employee, agent or fiduciary of the Company is or was serving, at the request of the Company, as a director, officer, employee or agent or fiduciary of any other entity, including, but not limited to, another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of anything done or not done by Indemnitee in any such capacity, whether or not Indemnitee is serving in such capacity at the time any liability or expense is incurred for which indemnification or reimbursement can be provided under this Agreement.
20.Other Provisions.
(a)    This Agreement shall be interpreted and enforced in accordance with the internal laws of Delaware.
(b)    This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.  Only one such counterpart signed by the party against whom enforceability is sought needs to be produced as evidence of the existence of this Agreement.
(c)    This Agreement shall not be deemed an employment contract between the Company and any indemnitee who is an officer or other employee of the Company, and, if Indemnitee is an officer or other employee of the Company, Indemnitee specifically acknowledges that Indemnitee may be discharged at any time for any reason, with or without cause, and with or without severance compensation, except as may be otherwise provided in a separate written contract between Indemnitee and the Company.
(d)    Upon a payment to Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of Indemnitee to recover against any other person for such liability, and Indemnitee shall execute all documents and instruments required and shall take such other actions as may be necessary to secure such rights, including the execution of such documents as may be necessary for the Company to bring suit to enforce such rights.
(e)    No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both parties hereto.  No waiver of any of the provisions of this Agreement 
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shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.
(f)    All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date postmarked.  Addresses to either party are as provided below, or as subsequently modified by written notice to the other party.
If to Indemnitee, to:

If to the Company, to:
Quidel Corporation
9975 Summers Ridge Road
San Diego, CA 92121
Attn:  General Counsel

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.

QUIDEL CORPORATION

By:                                     

Name:                                

Title:                                  

INDEMNITEE

By:                                     

Name:                                

15

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