Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT AGREEMENT dated as of September 26, 2014 (this “Amendment”), to the CREDIT AGREEMENT dated as
of April 2, 2013 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among WEIGHT WATCHERS INTERNATIONAL, INC., a Virginia corporation (the “Borrower”), the
Lenders party thereto, JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent and an Issuing Bank, and THE BANK OF NOVA SCOTIA, as Revolving Agent, a Swingline Lender and an Issuing Bank. 

W I T N E S S E T H: 

WHEREAS, the Borrower has requested that the Credit Agreement be amended, and the undersigned Lenders are willing to amend the Credit
Agreement, on the terms and subject to the conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the parties hereto hereby agree as follows. 
 SECTION 1. Defined Terms. Capitalized terms used and not
defined herein, including in the recitals hereto, have the meanings assigned to them in the Credit Agreement. 
 SECTION 2. Amendment of
Existing Credit Agreement. Effective as of the Amendment Effective Date (as defined below), the Credit Agreement is hereby amended as follows: 

(a) Section 1.01 is amended by deleting the definition of “Financial Covenant Event of Default” in its
entirety. 
 (b) Section 1.01 is amended by amending and restating the definition of “Financial
Covenant” in its entirety as follows: 
 “Financial Covenant” shall mean for any Test Period, the Consolidated
Leverage Ratio of the Borrower and its Restricted Subsidiaries set forth below opposite the date which is the last day of the applicable Test Period: 
  

			
	 Test Period Ending
	 	 Ratio

	on or prior to January 3, 2015	 	5.00:1.00
	on April 4, 2015	 	4.75:1.00
	on July 4, 2015 and thereafter	 	4.50:1.00

 and each reference herein to “compliance on a Pro Forma Basis” with the Financial Covenant shall
mean that the Consolidated Leverage Ratio at the end of the applicable Test Period, on a Pro Forma Basis, does not exceed the ratio so set forth. 

 (c) Section 4.02(c) of the Credit Agreement is hereby amended and restated
in its entirety as follows: 
 “[Reserved]” 

(d) Section 6.11 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“[Reserved]” 

(e) Section 7.01(d) of the Credit Agreement is hereby amended and restated as follows: 

“the Borrower or any of its Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02(a) (with respect to the Borrower), 5.05(a)(i), 5.08 or Article VI;” 
 (f)
Section 7.01 is hereby amended by amending and restating the final paragraph thereof in its entirety as follows: 
 “then, and in
any such event, (A) if such event is an Event of Default with respect to the Borrower described in paragraph (h) or (i) of this Section, automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued
interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall immediately become due and payable and (B) if such event is any other Event of Default, either or both of the following actions may be taken:
(i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the
Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable.” 

SECTION 3. No Future Amendment of the Financial Covenant. The undersigned Lenders acknowledge and agree that no future amendment,
modification, supplement or waiver of the Financial Covenant may be effected pursuant to clause (C) of the final paragraph of Section 9.02(b) of the Credit Agreement. 

SECTION 4. Representations and Warranties. To induce the undersigned Lenders to enter into this Agreement, the Borrower represents and
warrants as set forth below: 
 (a) this Agreement (i) has been duly authorized, executed and delivered by the Borrower and constitutes
a legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally and to general equitable principles (whether considered in a proceeding in equity or at law); and 

  
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 (b) on the Amendment Effective Date, (i) the representations and warranties set forth in
Article III of the Credit Agreement are true and correct in all material respects, in each case on and as of such date, with the same effect as though made on and as of such date (unless stated to relate solely to an earlier date, in which case such
representatives and warranties will be true and correct in all material respects as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing. 

SECTION 5. Effectiveness of this Agreement. This Amendment shall become effective as of the first date (the “Amendment
Effective Date”) on which each of the following conditions shall have been satisfied. 
 (a) The Administrative Agent (or its
counsel) shall have received from the Borrower and Lenders constituting the Required Revolving Lenders either (i) counterparts of this Agreement signed on behalf of such parties or (ii) written evidence satisfactory to the Administrative
Agent (which may include a facsimile or other electronic transmission of a signed signature page of this Agreement) that such parties have signed counterparts of this Agreement. 

(b) The Borrower shall have notified the Administrative Agent pursuant to Section 2.08(b) and (c) of the reduction of the Revolving
Commitments to $50,000,000 in the aggregate, and such reduction shall have become effective. 
 The Administrative Agent shall notify the
Borrower and the Lenders of the Amendment Effective Date and such notice shall be conclusive and binding. 
 SECTION 6. Expenses. The
Borrower agrees to pay to the Administrative Agent in immediately available funds all reasonable and documented or invoiced out-of-pocket expenses (including reasonable and documented fees, charges and disbursements of counsel) incurred in
connection with this Amendment. 
 SECTION 7. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns. 
 SECTION 8. Counterparts. This Amendment may be executed in
multiple counterparts, each of which when executed and delivered shall be deemed to be an original and all of which together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
by facsimile (or other electronic imaging) shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION
9. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK. 

SECTION 10. Full Force and Effect; Limited Amendment. (a) Except as expressly amended hereby, all of the representations,
warranties, terms, covenants, conditions and other provisions of the Credit Agreement and the other Loan Documents shall remain unchanged and in full force and effect in accordance with their terms. 

  
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 (b) From and after the Amendment Effective Date, the terms “Agreement”, “this
Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Credit Agreement, shall refer to the Credit Agreement as amended hereby. 

(c) This Amendment is a Loan Document within the meaning of the Credit Agreement. 

SECTION 11. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to
affect the construction of, or be taken into consideration in interpreting, this Amendment. 
 [Signature pages follow] 

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

			
	WEIGHT WATCHERS INTERNATIONAL, INC.,
		
	by	 	 /s/ Nicholas P. Hotchkin

	Name:	 	Nicholas P. Hotchkin
	Title:	 	Chief Financial Officer
	
	Name of Revolving Lender: SCOTIABANC, INC.,
		
	by	 	 /s/ J.F. Todd

	Name:	 	J.F. Todd
	Title:	 	Managing Director
	
	Name of Revolving Lender: BANK OF AMERICA, N.A.
		
	by	 	 /s/ Steven J. Melicharek

	Name:	 	Steven J. Melicharek
	Title:	 	Senior Vice President
	
	Name of Revolving Lender: HSBC BANK USA NATIONAL ASSOCIATION
		
	by	 	 /s/ Varun Gupta

	Name:	 	Varun Gupta
	Title:	 	Vice President
	
	Name of Revolving Lender: U.S. BANK, NATIONAL ASSOCIATION
		
	by	 	 /s/ Patrick McGraw

	Name:	 	Patrick McGraw
	Title:	 	Senior Vice PresidentEX-10.1

 Exhibit 10.1 

AGREEMENT 
 THIS
AGREEMENT (the “Agreement”), made effective as of September 16, 2014, by and between Violin Memory, Inc. (the “Company”), and Kevin A. DeNuccio, the President and Chief Executive Officer of the Company
(“Executive”). 
 WHEREAS, Executive has elected to receive shares of the Company’s Common Stock issued under
the Company’s 2012 Equity Incentive Plan (the “Shares”) in lieu of cash for salary and bonus on the terms set forth below. 

NOW, THEREFORE, in consideration for the exchange of mutual covenants and promises, the Company and Executive hereby agree as
follows: 
  

	1.	ISSUANCE OF SHARES 

 (a) For the period commencing September 16, 2014, and
continuing until September 15, 2015 (the “Term”), the Company has agreed to compensate Executive as follows: (i) payment of Executive’s bonus of $750,000 for fiscal year 2015 (the “Bonus Payment”), the amount of
which is guaranteed pursuant to Executive’s Offer of Employment Letter dated February 1, 2014 (the “Offer Letter”); (ii) payment of Executive’s salary for the Term, net of the Minimum Wage Payment (defined below), of
$705,000 (the “Salary Payment”); and (iii) payment of $45,000, representing the approximate portion of Executive’s salary payable for the Term under applicable State of California minimum wage laws (the “Minimum Wage
Payment”). The Bonus Payment and the Salary Payment, less applicable withholding taxes, and the Minimum Wage Payment, less applicable withholding taxes and Executive’s contributions to such benefits as Executive from time to time shall
elect, are made in full satisfaction of Executive’s entitlement to all salary and bonus amounts for the Term. 
 (b) Executive hereby
elects to receive, and the Company hereby agrees to deliver, Shares in lieu of cash in full payment and satisfaction of the Bonus Payment and the Salary Payment on September 30, 2014, subject to the provisions set forth in Sections 2 and 4
below. The Minimum Wage Payment shall be paid to Executive during the Term in cash and in accordance with the Company’s payroll practices. The fair market value of the Shares shall be determined by the Company based upon the per Share closing
price on September 30, 2014, reported by the New York Stock Exchange, and the number of Shares delivered to Executive shall be reduced by a number of Shares equal in value to applicable withholding taxes. No fractional Shares will be issued or
delivered pursuant to this Agreement, and the Company will determine whether cash will be paid in lieu of any fractional Share or whether such fractional Share and any rights thereto will be canceled, terminated or otherwise eliminated. The grant of
Shares will be subject to the terms of the Plan and the Company’s standard form of restricted stock agreement. 

	2.	FORFEITURE RESTRICTIONS APPLICABLE TO SHARES 

 The Shares delivered in payment of the
Bonus Payment and the Salary Payment shall be subject to forfeiture, as set forth below, in the event that Executive’s employment is terminated during the Term for any reason prior to a Change of Control as defined in the Offer Letter
(“Termination of Employment”). 
 With respect to the Bonus Payment, in the event of a Termination of Employment on or before
February 15, 2015, Executive shall forfeit and deliver to the Company within five (5) business days, in such manner as the Company in its discretion shall direct, the number of Shares that were delivered by the Company to the Executive in
payment of the Bonus Payment. 
 With respect to the Salary Payment, in the event of a Termination of Employment, Executive shall forfeit
and deliver to the Company within five (5) business days, in such manner as the Company in its discretion shall direct, the number of Shares that were delivered to Executive by the Company in payment of the Salary Payment; provided, however,
that the total number of Shares Executive is required to deliver shall be reduced by 8.333% for each full month, and pro-rata for each portion of a month, completed during the Term prior to the date on which the Termination of Employment occurs.

 Notwithstanding the foregoing, if Executive becomes eligible to receive severance pay pursuant to the Offer Letter upon an Involuntary
Termination (as defined in the Offer Letter) in connection with a Change of Control during the Term, the Company shall reduce the amount of such severance pay by the portion of the Salary Payment that would have been paid in cash but for this
Agreement and which is allocable to the period between the Change of Control and the end of the Term. Such offset shall be subject to compliance with Section 409A of the Internal Revenue Code. 

 

	3.	REPRESENTATIONS OF EXECUTIVE 

 Executive represents and warrants to the Company that:

 (a) Executive has had access to all information regarding the Company and its present and prospective business, assets, liabilities and
financial condition that Executive reasonably considers important in making the decision to acquire the Shares and Executive has had ample opportunity to ask questions of the Company’s representatives concerning such matters and his acquisition
of the Shares; 
 (b) Executive is fully aware of: (i) the highly speculative nature of his acquisition of the Shares; (ii) the
financial risks and hazards involved; (iii) the lack of liquidity of the Shares and the restrictions on transferability of the Shares (e.g., that Executive may not be able to sell or dispose of the Shares or use them as collateral for
loans); and (iv) the qualifications and backgrounds of the officers and directors of the Company; and 
 (c) Executive is capable of
evaluating the merits and risks of his acquisition of the Shares, has the ability to protect his own interests in connection with his acquisition of the Shares, and is financially capable of bearing a total loss of his acquisition of the Shares.

  
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	4.	RESTRICTIONS ON SHARES 

 (a) Executive acknowledges and agrees that the Company will
cause the legend set forth below, or a legend substantially equivalent thereto (the “Legend”), to be placed upon all certificate(s) evidencing ownership of the Shares: 

THE SECURITIES REPRESENTED HEREBY ARE SUBJECT 

TO RESTRICTIONS ON TRANSFERABILITY AND RESALE 

PURSUANT TO AGREEMENT BETWEEN KEVIN A. DENUCCIO AND 

VIOLIN MEMORY, INC., DATED SEPTEMBER 30, 2014. 

(b) Executive further acknowledges and agrees that the Shares will not be transferable and will remain restricted, and the Legend will not be
removed from the Shares, until September 15, 2015 (or such earlier date that the applicable forfeiture restrictions lapse pursuant to Section 2). 
  

	5.	TAX MATTERS 

 Executive acknowledges and agrees that the delivery of Shares is subject to
applicable income and employment tax withholding, and agrees to make appropriate arrangements with the Company for the satisfaction of all tax withholding requirements applicable to the delivery of Shares. Executive acknowledges and agrees that the
Company may refuse to deliver Shares if such withholding amounts are not delivered. Executive agrees to file a timely Section 83(b) election with respect to the Shares. Unless otherwise determined by the Compensation Committee of the Board of
Directors, the Company will withhold Shares that otherwise would be delivered to Executive in satisfaction of the tax withholding obligation. If the obligation for tax withholding is satisfied by withholding in Shares, for tax purposes, Executive
will be deemed to have been issued the full number of Shares required to be delivered, notwithstanding that a number of the Shares are not delivered and are retained by the Company solely for the purpose of paying the withholding tax. Executive has
consulted or will consult with his personal tax advisor in connection with this Agreement, and has not relied on tax advice from the Company or any of its representatives. 
  

	6.	DELIVERY OF PAYMENT 

 The Shares are issued by the Company in exchange for services
rendered by the Executive to the Company, which the Compensation Committee of the Board of Directors has determined to be full payment of the purchase price of the Shares. 

  
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	7.	FULL PAYMENT; RELEASE 

 Executive agrees that the Shares constitute payment in full of
the Salary and Bonus, and hereby releases the Company, and its officers, directors and agents from any liability or obligation related to the Salary and Bonus, and agrees to make no claim in respect thereof, to the extent paid in Shares
(notwithstanding any forfeiture pursuant to Section 2 or withholding in satisfaction of taxes). 
 Executive further agrees that, in
the event of a Termination of Employment, the Company’s payments of the Bonus Payment, the Salary Payment, and the Minimum Wage Payment in accordance with the provisions of this Agreement (notwithstanding any forfeiture pursuant to
Section 2) shall constitute payment in full of any and all salary accruing through the date of termination and bonus payments for fiscal year 2015 to which Executive is entitled pursuant to the provisions of the Offer Letter. 

 

	8.	COMPLIANCE WITH LAWS AND REGULATIONS 

 The issuance and transfer of the Shares is subject
to and conditioned upon compliance by the Company and Executive with all applicable state and federal laws and regulations. 
  

	9.	FURTHER INSTRUMENTS 

 The Company and the Executive agree to execute such further
instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this Agreement. 
  

	10.	ENTIRE AGREEMENT; GOVERNING LAW; SEVERABILITY 

 This Agreement constitutes the entire
agreement of the parties and supersedes all prior understandings and agreements between the parties hereto with respect to the specific subject matter hereof. For the avoidance of doubt, Executive’s offer letter dated February 1, 2014,
remains in full force and effect and is superseded only with respect to the specific subject matter hereof. 
 The validity, interpretation,
construction and performance of this Agreement shall be governed by the internal substantive laws, but excluding the conflicts of law laws, of the State of California. The invalidity or unenforceability of any provision or provisions of this
Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
  

	11.	AMENDMENT 

 This Agreement may be amended only pursuant to a further written agreement
signed by the Company and Executive. 

  
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 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement effective as of
the date first set forth above. 
  

							
	VIOLIN MEMORY, INC.
				
	By:	 	 /s/ Cory J. Sindelar
	 		 	Date: September 30, 2104
	Name:	 	Cory J. Sindelar	 		 	
	Title:	 	Chief Financial Officer	 		 	
	
	EXECUTIVE
				
	By:	 	 /s/ Kevin A. DeNuccio
	 		 	Date: September 30, 2014
	Kevin A. DeNuccio

  
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