Document:

Exhibit

Exhibit  No. 10(c)

FIRST AMENDMENT
This FIRST AMENDMENT dated as of January 27, 2016 (this “Amendment”) amends the Sixth Amended and Restated Credit Agreement dated as of June 11, 2013 (the “Credit Agreement”) among REGIS CORPORATION, a Minnesota corporation (the “Company”), various financial institutions and JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but not defined herein have the respective meanings given to them in the Credit Agreement.
WHEREAS, the Company has requested that the Credit Agreement be amended as set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.AMENDMENTS.  Subject to the conditions precedent set forth in Section 3, the Credit Agreement is amended as follows:
1.1    Amendments to Section 1.01.  Section 1.01 is amended as follows:
(a)    The definition of “Change of Control” is amended by deleting the reference therein to “25%” and replacing it with “40%”.
(b)    The definition of “L/C Commitment” is amended by deleting the reference therein to “$50,000,000” and replacing it with “$30,000,000 (which amount may be increased to up to $50,000,000 upon written request by the Company, subject to the prior written consent of the Administrative Agent in its sole discretion)”.
(c)    The definition of “Swing Line Commitment” is amended by adding the following at the end of such definition immediately before the period:  “; provided that, notwithstanding the foregoing or any other provision of this Agreement, the making of each Swing Line Loan shall be, in addition to any other specific conditions to borrowing set forth in this Agreement, subject to the approval of the Swing Line Lender in its sole discretion”.
1.2    Amendment to Section 2.05.  Section 2.05(a) is amended by deleting the phrase “the Swing Line Lender agrees to make Swing Line Loans to the Company” in the first sentence thereof and replacing it with “the Swing Line Lender may in its sole discretion make Swing Line Loans to the Company”.
1.3    Amendment to Section 8.17.  Section 8.17(d) is amended by deleting the reference to “$25,000,000” therein and replacing it with “$50,000,000”.
1.4    Amendment to Schedule 2.01.  Schedule 2.01 is amended and restated in its entirety to read as set forth in Schedule 2.01 hereto.
SECTION 2.    Representations and Warranties.  The Company represents and warrants to the Administrative Agent and the Lenders that as of the date of effectiveness of this Amendment 

-1-

(and after giving effect to such effectiveness): (a) the representations and warranties of the Company set forth in the Credit Agreement are true and correct in all material respects (except to the extent stated to relate to an earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date); and (b) no Default or Event of Default exists.
SECTION 3.    CONDITIONS PRECEDENT.  This Amendment shall become effective on the date on which the Administrative Agent has received the following:
(a)    Counterparts of this Amendment signed by the Company and the Required Lenders.
(b)    A Confirmation substantially in the form of Exhibit A signed by each Loan Party.
(c)     A work fee of $3,500 for each Lender that, on or prior to 5:00 p.m. (Chicago time) on January 26, 2016, delivers a signed counterpart of this Amendment to the Administrative Agent.
 (d)    Payment of all invoiced fees and expenses of the Administrative Agent (including reasonable attorneys’ fees and expenses).
SECTION 4.    MISCELLANEOUS.
4.1    Indenture Amendment.  Notwithstanding Section 1.3, until the Company delivers written evidence to the Administrative Agent that the basket set forth in Section 4.07(b)(15) of the Company’s Indenture dated as of December 1, 2015 (or in any corresponding provision of any indenture or other agreement refinancing or replacing such Indenture) has been increased to at least $50,000,000, or such Indenture (and any indenture or other agreement refinancing or replacing such Indenture) has been fully terminated, defeased, satisfied or discharged, the basket set forth in Section 8.17(d) of the Credit Agreement shall be deemed to equal $31,250,000 (or, if applicable, any lesser amount then set forth in such Section 4.07(b)(15) (or in any corresponding provision of such other indenture or agreement)).
4.2    Expenses.  The Company agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent (including the reasonable and documented fees, charges and disbursements of counsel for the Administrative Agent) in connection with this Amendment and the transactions contemplated hereby.  
4.3    Incorporation of Credit Agreement Provisions.  The provisions of Sections 1.02 (Other Interpretive Provisions), 11.14 (Severability) and 11.17 (Waiver of Jury Trial) of the Credit Agreement are incorporated by reference as if fully set forth herein, mutatis mutandis.
4.4    Signing in Counterparts.  This Amendment may be signed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement.  A signature hereto delivered by facsimile or in .pdf format shall be effective as delivery of an original counterpart.

-2-

4.5    Governing Law.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS.
4.6    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
4.7    Effect of Amendment.  Except as expressly set forth herein, this Amendment shall not (a) limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document or (b) alter, modify or amend any term or condition set forth in the Credit Agreement or any other Loan Document.
4.8    FATCA.  From and after the effective date of this Amendment, the Company shall indemnify the Administrative Agent, and hold it harmless from, any and all losses, claims, damages, liabilities and related expenses, including Taxes and the fees, charges and disbursements of any counsel for any of the foregoing, arising in connection with the Administrative Agent’s treating, for purposes of determining withholding Taxes imposed under FATCA, the Credit Agreement (as amended by this Amendment) as qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

-3-

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed by their respective officers thereunto duly authorized as of the day and year first above written.
	
				
	 
	REGIS CORPORATION
	 

	 
	 
	 
	 

	 
	By:
	/s/ Steven Spiegel                               
	 

	 
	Name:
	Steven Spiegel
	 

	 
	Title:
	Chief Financial Officer
	 

        

S-1

	
				
	 
	JPMORGAN CHASE BANK, N.A.,  
	 

	 
	as Administrative Agent, as an Issuer, as Swing
	 

	 
	Line Lender and as a Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/ Krys Szremski
	 

	 
	Title:
	Vice President
	 

 

S-2

	
				
	 
	BANK OF AMERICA, N.A., 
	 

	 
	as Syndication Agent, as an Issuer and as a
	 

	 
	Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/ Brian Tower
	 

	 
	Title:
	Officer    
	 

S-3

	
				
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ,
	 

	 
	LTD., as a Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/ Thomas Danielson    
	 

	 
	Name:
	Thomas Danielson
	 

	 
	Title:
	Authorized Signatory
	 

S-4

	
				
	 
	U.S. BANK NATIONAL ASSOCIATION, as a
	 

	 
	Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/ Ludmila Yakovlev
	 

	 
	Title:
	V.P.
	 

S-5

	
				
	 
	WELLS FARGO BANK, NATIONAL
	 

	 
	ASSOCIATION, as a Lender

	 

	 
	 
	 
	 

	 
	 
	/s/ Mark H. Halldorson
	 

	 
	By:
	Mark H. Halldorson
	 

	 
	Title:
	Director
	 

S-6

	
				
	 
	FIFTH THIRD BANK, as a Lender

	 

	 
	 
	 
	 

	 
	By:
	/s/ Gary Losey
	 

	 
	Title:
	VP Corporate Banking
	 

S-7

	
				
	 
	PNC BANK, NATIONAL ASSOCIATION, as
	 

	 
	a Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/ Philip K. Liebscher    
	 

	 
	Name:
	Philip K. Liebscher
	 

	 
	Title:
	Senior Vice President
	 

S-8

	
				
	 
	BANK OF THE WEST, as a Lender

	 

	 
	 
	 
	 

	 
	By:
	/s/ David Wang
	 

	 
	Title:
	Director
	 

S-9

SCHEDULE 2.01
COMMITMENTS AND PRO RATA SHARES

	
			
	 
	 
	 

	Lenders
	Commitment
	Pro Rata Share

	JPMorgan Chase Bank, N.A.
	$37,000,000
	18.50%

	Bank of America, N.A.
	$37,000,000
	18.50%

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$26,500,000
	13.25%

	U.S. Bank National Association
	$26,500,000
	13.25%

	Wells Fargo Bank, N.A.
	$26,500,000
	13.25%

	Fifth Third Bank
	$21,500,000
	10.75%

	PNC Bank, National Association
	$15,000,000
	7.50%

	Bank of the West
	$10,000,000
	5.00%

	TOTAL
	$200,000,000
	100.00%

EXHIBIT A

FORM OF CONFIRMATION

January 27, 2016

To:    JPMorgan Chase Bank, N.A., individually and as Administrative 
Agent, and the other financial institutions that are 
parties to the Credit Agreement referred to below

Please refer to the First Amendment dated as of the date hereof (the “Amendment”) to the Sixth Amended and Restated Credit Agreement dated as of June 11, 2013 (the “Credit Agreement”) among Regis Corporation, a Minnesota corporation, various financial institutions and JPMorgan Chase Bank, N.A., as Administrative Agent.  Capitalized terms used but not otherwise defined herein have the respective meanings given to them in the Credit Agreement.
Each of the undersigned hereby confirms to the Administrative Agent and the Lenders that such undersigned has received a copy of the Amendment and that, after giving effect to the Amendment and the transactions contemplated thereby, each Loan Document to which such undersigned is a party continues in full force and effect and is the legal, valid and binding obligation of such undersigned, enforceable against such undersigned in accordance with its terms.    
	
				
	 
	REGIS CORPORATION
	 

	 
	REGIS INC.

	 

	 
	SUPERCUTS CORPORATE SHOPS, INC.
	 

	 
	SUPERCUTS, INC.
	 

	 
	THE BARBERS, HAIRSTYLING FOR MEN
	 

	 
	   & WOMEN, INC.
	 

	 
	REGIS CORP.
	 

	 
	 
	 
	 

	 
	By:
	 
	 

	 
	Name:
	 
	 

	 
	Title:
	 
	 

CONFIRMATION

January 27, 2016

To:    JPMorgan Chase Bank, N.A., individually and as Administrative 
Agent, and the other financial institutions that are 
parties to the Credit Agreement referred to below

Please refer to the First Amendment dated as of the date hereof (the “Amendment”) to the Sixth Amended and Restated Credit Agreement dated as of June 11, 2013 (the “Credit Agreement”) among Regis Corporation, a Minnesota corporation, various financial institutions and JPMorgan Chase Bank, N.A., as Administrative Agent.  Capitalized terms used but not otherwise defined herein have the respective meanings given to them in the Credit Agreement.
Each of the undersigned hereby confirms to the Administrative Agent and the Lenders that such undersigned has received a copy of the Amendment and that, after giving effect to the Amendment and the transactions contemplated thereby, each Loan Document to which such undersigned is a party continues in full force and effect and is the legal, valid and binding obligation of such undersigned, enforceable against such undersigned in accordance with its terms.    
	
				
	 
	REGIS CORPORATION
	 

	 
	REGIS INC.
	 

	 
	SUPERCUTS CORPORATE SHOPS, INC.
	 

	 
	SUPERCUTS, INC.
	 

	 
	THE BARBERS, HAIRSTYLING FOR MEN
	 

	 
	   & WOMEN, INC.
	 

	 
	REGIS CORP.
	 

	 
	 
	 
	 

	 
	By:
	/s/ Steven Spiegel
	 

	 
	Name:
	Steven Spiegel
	 

	 
	Title:
	Chief Financial Officerfirstamendmenttothirdamended.htm - Generated by SEC Publisher for SEC Filing

NATION
ENERGY INC.

Suite F – 1500 West
16th Avenue

Vancouver BC V6H 4B9
Canada

 

December 17, 2015

 

TO:                  Paltar Petroleum Limited

                        1555 Blake Street, Suite 1002

                        Denver, Colorado 80202

 

Attention:        Mr. Marc Bruner

 

Dear Sirs:

 

RE:     First Amendment to Third Amended and Restated
Agreement

 

By this letter, Nation Energy
Inc. (“Nation”) and Paltar Petroleum Limited (“Paltar”) amend
their Third Amended and Restated Agreement (“Agreement”) dated August
30, 2015, principally to (i) extend the time allowed for certain actions
contemplated in the Agreement and (ii) to provide further information
concerning the Additional Earning Agreements referred  to in item 3 of the
Agreement.  The term “Additional Earning Agreements” and other capitalized 
terms not specifically defined in this First Amendment to Third Amended and
Restated Agreement (the “Amendment”) shall have the meaning accorded
them in the Agreement.  All dollar amounts in this Agreement are expressed in
Australian dollars.  Marc Bruner (“Bruner”) and John Hislop (“Hislop”),
as major shareholders (indirectly or directly) of Paltar and Nation,
respectively, agree to the terms of this Amendment.

 

Nation and Paltar amend the
Agreement as follows:

 

1.         Item 2 is amended to
read:

 

2.         On December 31, 2015, or such other date as the parties may
mutually agree, Paltar and Nation will enter into additional earning agreements
(the “Additional Earning Agreements”) farming out to Nation Australia on
terms substantially similar to the Earning Agreements six additional graticular
blocks selected by Nation in Exploration Permit 136, three additional blocks in
each of Exploration Permits 143 and 231, eight additional blocks in Exploration
Permit 234, and seven additional blocks in Exploration Permit 237, in exchange
for the consideration specified in each Additional Earning Agreement.  The
Additional Earning Agreements and the rights of Nation thereunder may be
evidenced by a notice filing in the appropriate land records of the Northern
Territory upon mutual agreement of the parties thereto.

 

2.         All
references to December 17, 2015 in items 3, 11, and 18(b) of the Agreement are
hereby amended to read February 9, 2016.

 

3.         Item
18(d) is amended to read:

 

 

(d)       No later than February 8, 2016, Paltar
shall deliver to Nation consolidated financial statements for Paltar’s three
most recently completed fiscal years audited by a PCAOB approved auditor in US
GAAP, together with such additional fiscal period financial statements as may
be required under SEC regulations; and

 

No changes or amendments other
than those expressly set forth above are being made in the Agreement.  Nation
and Paltar confirm and ratify the validity and current effectiveness of the
Agreement, as amended by this Amendment.

 

            If the foregoing
correctly sets out our agreed amendments, please execute this letter in the
space provided.

 

NATION ENERGY INC.                                        PALTAR
PETROLEUM LIMITED

 

 

Per:      /s/ John R. Hislop                                            Per:      /s/
Marc A. Bruner                  

            Authorized Signatory                                                 Authorized
Signatory

 

AGREED TO AND ACCEPTED,

 

                                                                        )

/s/ Zachary M. Bruner                                     )

Witness Signature                                           )

                                                                        )

Zachary M. Bruner                                          )           /s/
Marc A. Bruner                              

Name                                                               )           MARC
A. BRUNER

                                                                        )

                                                                        )

Address                                                           )

 

                                                                        )

 

                                                                        )

/s/ Caroline Heather
Williamson                     )

Witness Signature                                           )

                                                                        )

Caroline Heather Williamson                          )           /s/
John R. Hislop                                

Name                                                               )           JOHN
HISLOP

                                                                        )

                                                                        )

Address                                                           )

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]