Document:

Second Amendment Agreement

 Exhibit 10.1 

SECOND AMENDMENT AGREEMENT 

among 

QC HOLDINGS, INC., as Borrower 

and 

THE LENDERS THAT ARE PARTIES HERETO 

and 

U.S. BANK NATIONAL ASSOCIATION, as Agent and Arranger 

SEPTEMBER 30, 2010 

 SECOND AMENDMENT AGREEMENT 

This Second Amendment Agreement (this “Agreement”), is made and entered into as of September 30, 2010, by and between QC
HOLDINGS, INC., a Kansas corporation (the “Borrower”), the Lenders that are parties hereto (being hereinafter referred to individually as a “Lender” or collectively as the “Lenders”), and U. S. BANK NATIONAL
ASSOCIATION, in its capacity as Agent (the “Agent”). 
 RECITALS 

A. On December 7, 2007, the Borrower, the Lenders and the Agent entered into an Amended and Restated Credit Agreement (the “Credit
Agreement”) pursuant to which the Lenders agreed to make a revolving credit facility available to the Borrower, and in conjunction therewith, the Borrower executed (i) a Promissory Notes (Revolving Loan) dated December 7, 2007,
payable to U.S. Bank as the then sole Revolving Lender, (ii) a Promissory Note (Swingline Loan) dated December 7, 2007, payable to the Swingline Lender and (iii) a Promissory Note (Term Loan) dated December 7, 2007, payable to
U.S. Bank as the then sole Term Loan Lender (collectively, the “Notes”). 
 B. The repayment of the Notes is secured by certain assets
of the Borrower and its Subsidiaries referred to as the “Collateral” in the Credit Agreement, which is more particularly described in the Security Agreement, the Pledge Agreement and the Subsidiary Security Agreement (as each term is
defined in the Credit Agreement) (collectively, the “Security Instruments”). 
 C. The Borrower acknowledges (i) the Lenders are
presently the holders of the Notes, (ii) the Borrower’s liability to pay the Notes according to their terms, and (iii) the Borrower’s obligation to maintain, perform and comply with the terms and conditions of the Loan Documents
(as such term is defined in the Credit Agreement). 
 D. The Borrower, the Agent and U.S. Bank National Association, as the sole Lender,
previously entered into a First Amendment Agreement dated as of March 7, 2008 (the “First Amendment Agreement”) pursuant to which the parties made certain amendments to the Credit Agreement as more specifically detailed in the First
Amendment Agreement. 
 E. The parties enter into this Agreement to amend certain terms and conditions of the Credit Agreement. 

NOW THEREFORE, the Agent, the Lenders and the Borrower for good, sufficient and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, agree as follows: 
  

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 1. Amendments to the Credit Agreement. The Credit Agreement is amended as follows:

 (a) The schedule contained in the definition of the term “Applicable Margin” contained in Section 1.01 is
deleted and the following schedule is inserted in the definition of the term “Applicable Margin” in lieu thereof: 
  

												
	 Tier
	 	 Leverage Ratio
	  	Applicable Margin	 
	 	 	 	  	Base Rate
Loans	 	 	LIBOR Rate
Loans	 	 	Non-Use Fee
Percentage	 
					
	1	 	Less than 1.25 to 1	  	1.00	% 	 	3.00	% 	 	0.250	% 
					
	2	 	Greater than or equal to 1.25 to 1 but less than 1.75 to 1	  	1.50	% 	 	3.50	% 	 	0.375	% 
					
	3	 	Greater than or equal to 1.75	  	2.00	% 	 	4.00	% 	 	0.375	% 

(b) The provision contained in Section 7.02(a) is deleted and the following provision is inserted in lieu thereof:

 (a) Consolidated EBITDA. Permit or suffer the Consolidated EBITDA, determined for the Borrower and its
Subsidiaries as of the end of each fiscal quarter (for the twelve (12) month period then ending) of the Borrower, to be less than $28,000,000.00. 

3. Conditions Precedent. It shall be a condition precedent to the effectiveness of this Agreement that (i) all amounts due
and payable under the Notes as of the execution date shall have been paid, (ii) no Event of Default shall exist under the Notes, the Credit Agreement, or any other Loan Document, and (iii) the Agent and the Lenders shall have received such
other items as they may reasonably request. 
 4. Representations and Warranties. The Borrower hereby represents and
warrants that (i) it has the authority to enter into this Agreement and, upon execution by the Borrower, this Agreement shall be an enforceable obligation of the Borrower, (ii) all representations and warranties made by the Borrower in the
Credit Agreement and the other Loan Documents are true and correct as of the date of this Agreement, (iii) there have been no amendments or modifications to the Borrower’s organizational documents since such documents were certified and/or
delivered to the Lender in connection with the closing of the Loan, and (iv) no Default or Event of Default currently exists under the Loan Documents. 

5. No Other Amendments. Except as expressly set forth herein, or necessary to incorporate the modifications and amendments herein,
all the terms and conditions of the Notes, the Credit Agreement, the Security Instruments, and the other Loan Documents shall remain unmodified and in full force and effect, and the Borrower confirms, reaffirms and ratifies all such documents and
agrees to perform and comply with the terms and the conditions of the Loan Documents, as amended herein. 
  

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 6. No Impairment. Nothing in this Agreement shall be deemed to or shall in any manner
prejudice or impair the Loan Documents, or any security granted or held by the Lenders for the indebtedness evidenced by the Notes. 

7. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. 
 8. Applicable Law. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Kansas. 
 9. Waiver of Claims and Defenses. The Borrower hereby waives and releases any
and all claims, defenses or rights of set-off, known or unknown, existing as of the execution date, which in any manner arise out of or relate to any Loan Document. 

10. Fees and Expenses. The Borrower agrees to pay and reimburse the Agent for all of its out-of-pocket costs and expenses incurred
in connection with the preparation, negotiation, execution, filing, enforcement and administration of this Agreement including, without limitation, the fees and expenses of counsel to the Agent. 

11. Counterparts. This Agreement may be executed in counterparts and when combined all such counterparts shall constitute one
agreement. 
 12. Waiver of Jury Trial. Any controversy or claim between or among the parties hereto arising out of or
relating to this Agreement shall be controlled by the provisions with respect to waiver of trial by jury contained in the Loan Documents previously delivered by such parties. 

13. NO ORAL AGREEMENTS. THIS IS THE FINAL EXPRESSION OF THE CREDIT AGREEMENT BETWEEN THE BORROWER, THE AGENT AND THE LENDERS AND
SUCH WRITTEN CREDIT AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF A CONTEMPORANEOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER, THE AGENT AND LENDERS. 

ANY ADDITIONAL NON-STANDARD TERMS OF THE CREDIT AGREEMENT AND THE REDUCTION TO WRITING OF ANY PREVIOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER, THE
AGENT AND LENDERS IS SET FORTH IN THE SPACE BELOW: 
 NONE 

BORROWER, THE AGENT AND LENDERS AFFIRM THAT NO UNWRITTEN ORAL CREDIT AGREEMENT BETWEEN THEM EXISTS. 

 

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	Please initial	  	  
	  		  	  
	  		  	  

		  	Borrower	  		  	Agent	  		  	U.S. Bank
						
		  	  
	  		  	  
	  		  	  

		  	Union Bank	  		  	PNC	  		  	Enterprise
						
		  	  
	  		  	  
	  		  	
		  	Citizens	  		  	BOKC	  		  	

 [SIGNATURES APPEAR ON FOLLOWING PAGES] 

 

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 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	AGENT:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Juli K. Van Hook

		 	Juli K. Van Hook
		 	Senior Vice President

  

 S-1 

 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	BORROWER:
	
	QC HOLDINGS, INC.,
	a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer

  

 S-2 

 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	LENDERS:
	
	U. S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Juli K. Van Hook

		 	Juli K. Van Hook
		 	Senior Vice President
	
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	 /s/ Justin Brauer

		 	Justin Brauer
		 	Vice President
	
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Carla Kehres

		 	Carla Kehres
		 	Senior Vice President
	
	ENTERPRISE BANK AND TRUST
		
	By:	 	 /s/ Scott D. Carl

		 	Scott D. Carl
		 	Senior Vice President
	
	CITIZENS BANK AND TRUST COMPANY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 S-3 

			
	BANK OF KANSAS CITY, N.A.
		
	By:	 	 /s/ Matthew J. Mason

		 	Matthew J. Mason
		 	Vice President
	
	THE HUNTINGTON NATIONAL BANK
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 S-4 

 ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS/PLEDGORS 

Each of the undersigned guarantors and/or pledgors of collateral with respect to the obligations of the Borrower to the Agent and the
Lenders hereby (i) acknowledge and consent to the terms of the foregoing Second Amendment Agreement, (ii) represents and warrants to the Agent and the Lenders that there exists no default or event of default under any document delivered by
it to the Agent or the Lenders with respect to the Loan and (iii) reaffirms and ratifies the full force and effect of any guaranty agreement, security instrument or pledge agreement delivered by it in connection with the Loan. 

 

			
	QC Financial Services, Inc.,
	a Missouri corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	QC Properties, LLC,
	a Kansas limited liability company
		
	By:	 	 /s/ Don Early

		 	Don Early
		 	Manager
	
	QC Financial Services of California, Inc.,
	a California corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer

  

 S-1 

			
	QC Financial Services of Texas, Inc.,
	a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	QC Advance, Inc.,
	a Missouri corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	Cash Title Loans, Inc.,
	a Missouri corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	Express Check Advance of South Carolina, LLC, a Tennessee limited liability company
		
	By:	 	 /s/ Darrin J. Andersen

		 	Darrin J. Andersen
		 	Manager

  

 S-2 

			
	QC Auto Services, Inc.,
	a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	QC Loan Services, Inc.,
	a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	QC E-Services, Inc.,
	a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer

  

 S-3Form of Indemnification Agreement

 Exhibit 10.5 

FORM OF INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made effective as of this
            day of             by and between Vera Bradley, Inc., an Indiana corporation (the “Company”), and the
undersigned officer, director or employee of the Company (“Indemnitee”). 
 WHEREAS, the Company desires to attract
and retain the services of highly qualified individuals such as Indemnitee to serve as officers, directors or employees of the Company; 

WHEREAS, it is reasonable, prudent and in the best interests of the Company and its shareholders for the Company contractually to
obligate itself to indemnify persons serving as officers, directors or employees of the Company to the fullest extent permitted by applicable law in order that they will serve or continue to serve the Company free from undue concern that they will
not be so indemnified; and 
 WHEREAS, this Agreement is being entered into as part of the Indemnitee’s total compensation
for serving as an officer, director or employee of the Company, as applicable. 
 NOW THEREFORE, in consideration for
Indemnitee’s services as an officer, director or employee of the Company and the covenants contained herein, the Company and Indemnitee hereby agree as follows: 

1. Indemnification. 

(a) Third Party Proceedings. The Company shall indemnify Indemnitee if Indemnitee is or was a party or is threatened to be made a
party or otherwise involved (including involvement as a witness) to any threatened, pending or completed action, suit, proceeding or any alternative dispute resolution mechanism, whether civil, criminal, administrative or investigative by reason of
the fact that Indemnitee is or was a director, officer, employee or agent of the Company, by reason of any action or inaction on the part of Indemnitee while a director, officer, employee or agent of the Company or by reason of the fact that
Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan, against
all expenses (including attorneys’ fees), judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually
and reasonably incurred or suffered by Indemnitee in connection with such action, suit or 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 and,
with respect to any criminal action or proceeding, either (i) had reasonable cause to believe Indemnitee’s conduct was lawful, or (ii) had no reasonable cause to believe Indemnitee’s conduct was unlawful. The termination of any
action, suit or proceeding by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, 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 action or proceeding, either did not have reasonable cause to believe that Indemnitee’s conduct was lawful or had
reasonable cause to believe that Indemnitee’s conduct was unlawful. 

 (b) Actions where Indemnitee is Deceased. If Indemnitee was or is a party, or is
threatened to be made a party, to any proceeding by reason of the fact that he or she is or was a director, officer or employee of the Company or by reason of anything done or not done by Indemnitee in any such capacity, and prior to, during the
pendency of, or after completion of, such proceeding, Indemnitee shall die, then the Company shall indemnify, defend and hold harmless the estate, heirs and legatees of Indemnitee against any and all expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by such estate, heirs or legatees in connection with the
investigation, defense, settlement or appeal of such proceeding on the same basis as provided for Indemnitee in subsection (a) of this Section 1. 

(c) Mandatory Payment of Expenses. To the extent that Indemnitee has served as a witness on behalf of the Company or has been
successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsection (a) of this Section 1, or in defense of any claim, issue or matter therein, Indemnitee shall be indemnified against expenses
(including attorneys’ fees) actually and reasonably incurred by Indemnitee in connection therewith. 
 2. Agreement to
Serve. In consideration of the protection afforded by this Agreement, if Indemnitee is a director of the Company, he or she agrees to serve at least for the six months after the effective date of this Agreement as a director and not to resign
voluntarily during such period without the written consent of a majority of the Board of Directors of the Company. If Indemnitee is an officer of the Company not serving under an employment contract, he or she agrees to serve in such capacity at
least for the balance of the current fiscal year of the Company and not to resign voluntarily during such period without the written consent of a majority of the Board of Directors of the Company. Following the applicable period set forth above,
Indemnitee agrees to continue to serve in such capacity at the will of the Company (or under separate agreement, if such agreement exists) so long as he or she is duly appointed or elected and qualified in accordance with the applicable provisions
of the Bylaws of the Company or until such time as he or she tenders his or her resignation in writing. Nothing contained in this Agreement is intended to create in Indemnitee any right to continued employment. 

3. Expenses; Indemnification Procedure. 

(a) Advancement of Expenses. The Company shall advance all expenses incurred by Indemnitee in connection with the investigation,
defense, settlement or appeal of any civil or criminal action, suit or proceeding referenced in Section 1(a) (but not amounts actually paid in settlement of any such action, suit or proceeding). Indemnitee hereby undertakes to repay such
amounts advanced (without interest) only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the
Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company. Such request shall reasonably evidence the expenses and costs incurred by the Indemnitee in connection therewith. The
Company’s obligation to provide an advancement of expenses is subject to the following conditions: (a) if the proceeding arose in connection with Indemnitee’s service as a director or officer, as applicable, then the Indemnitee or his
or her representative shall have executed and delivered to the Company an undertaking, which need not be secured 
  

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and shall be accepted without reference to Indemnitee’s financial ability to make repayment, by or on behalf of Indemnitee to repay all advances if and to the extent that it shall ultimately
be determined by a final, unappealable decision rendered by a court having jurisdiction over the parties and the question that Indemnitee is not entitled to be indemnified for such advances under this Agreement or otherwise; (b) Indemnitee
shall give the Company such information and cooperation as it may reasonably request and as shall be within Indemnitee’s power; and (c) Indemnitee shall furnish, upon request by the Company and if required under applicable law, a written
affirmation of Indemnitee’s good faith belief that any applicable standards of conduct have been met by Indemnitee. Indemnitee’s entitlement to such advances shall include those incurred in connection with any proceeding by Indemnitee
seeking an adjudication pursuant to this Agreement. 
 (b) Notice to Company; Cooperation by Indemnitee. Indemnitee
shall, as a condition precedent to his or her right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this
Agreement. Notice to the Company shall be directed to the Chief Financial Officer of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). Notice
shall be deemed received three (3) business days after the date postmarked if sent by domestic certified or registered mail, properly addressed; or five (5) business days if sent by airmail from a country outside of North America;
otherwise, notice shall be deemed received when such notice shall actually be received by the Company. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within
Indemnitee’s power. 
 (c) Procedure. Any indemnification and advances provided for in Section 1 and this
Section 3 shall be made no later than forty-five (45) days (or, in the case of an advance of expenses, twenty (20) days) after receipt of the written request of Indemnitee. If the Company fails to respond within sixty (60) days
of a written request for indemnification, the Company shall be deemed to have approved the request. If a claim under this Agreement, under any statute or under any provision of the Company’s Certificate of Incorporation or Bylaws providing for
indemnification is not paid in full by the Company within forty-five (45) days (or, in the case of an advance of expenses, twenty (20) days) after a written request for payment thereof has first been received by the Company, Indemnitee
may, but need not, at any time thereafter, bring an action against the Company to recover the unpaid amount of the claim and, subject to Section 14 of this Agreement, Indemnitee shall also be entitled to be paid for the expenses (including
attorneys’ fees) of bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance of its final disposition)
that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. However, Indemnitee shall be entitled to receive interim payments of expenses
pursuant to Section 3(a) unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists. It is the parties’ intention that, if the Company contests Indemnitee’s right
to indemnification, the question of Indemnitee’s right to indemnification shall be for the court to decide, and neither the failure of the Company (including its Board of Directors, any committee or subgroup of its Board of Directors,
independent legal counsel or its shareholders) to have made a determination 
  

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that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct required by applicable law, nor an actual determination by the
Company (including its Board of Directors, any committee or subgroup of its Board of Directors, independent legal counsel or its shareholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct. 
 (d) Notice to Insurers. If, at the time of the
receipt of a notice of a claim pursuant to Section 3(b), the Company has directors and officers liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the
terms of such policies. 
 (e) Selection of Counsel. In the event the Company shall be obligated under Section 3(a)
to advance the expenses of any proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by Indemnitee, upon the delivery to Indemnitee of written notice of its
election and approval of counsel by Indemnitee, which approval shall not be unreasonably withheld. After the delivery of such notice, approval of such counsel by Indemnitee and retention of such counsel by the Company, the Company shall not be
liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, except as provided below. The Indemnitee shall have the right to employ his or her own counsel in any such
proceeding at Indemnitee’s expense unless: (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a material conflict of interest
between the Company and Indemnitee in the conduct of any such defense or (iii) the Company shall not, in fact, have employed counsel to assume the defense of such proceeding, in each of which cases the fees and expenses of Indemnitee’s
counsel shall be at the expense of the Company. 
 4. Additional Indemnification Rights; Nonexclusivity. 

(a) Scope. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the
fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, by the Company’s Articles of Incorporation or Bylaws or by statute. In the event of any change
after the date of this Agreement in any applicable law, statute or rule which expands the right of an Indiana corporation to indemnify a member of its board of directors or an officer or employee of the Company, such changes shall be, ipso facto,
within the purview of Indemnitee’s rights and the Company’s obligations under this Agreement. In the event of any change in any applicable law, statute or rule which narrows the right of an Indiana corporation to indemnify a member of its
board of directors or an officer or employee of the Company, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and
obligations hereunder. 
  

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 (b) Nonexclusivity. The indemnification provided by this Agreement shall not be
deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s Articles of Incorporation or Bylaws, any agreement, any vote of shareholders or disinterested directors, the Indiana Business Corporation Law (the
“IBCL”) or otherwise, both as to action in Indemnitee’s official capacity and as to action in another capacity while holding such office. The indemnification provided under this Agreement shall continue as to Indemnitee for any action
taken or not taken while serving in an indemnified capacity even though he or she may have ceased to serve in such capacity at the time of any action, suit or other covered proceeding. 

5. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
some or a portion of the expenses, judgments, fines or penalties actually or reasonably incurred by him or her in the investigation, defense, appeal or settlement of any civil or criminal action, suit or proceeding, but not, however, for the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such actual and reasonable expenses, judgments, fines or penalties to which Indemnitee is entitled. 

6. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in certain instances Federal law or applicable public
policy may prohibit the Company from indemnifying its directors, officers and employees under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the
Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right under public policy to indemnify Indemnitee. 

7. Directors and Officers Liability Insurance. 

(a) The Company shall obtain and maintain a policy or policies of insurance (“D&O Liability Insurance”) with reputable
insurance companies providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other person or entity at the request of the
Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of expenses) no less favorable than those of such policy in effect on the date
hereof except for any changes approved by the Board of Directors of the Company. 
 (b) Indemnitee shall be covered by the
Company’s D&O Liability Insurance policies as in effect from time to time in accordance with the applicable terms to the maximum extent of the coverage available for any other director or officer under such policies. The Company shall,
promptly after receiving notice of a proceeding as to which Indemnitee is a party or a participant (as a witness or otherwise), give notice of such proceeding to the insurers under the Company’s D&O Liability Insurance policies in
accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable actions to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement. 

 

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 (c) Upon request by Indemnitee, the Company shall provide to Indemnitee copies of the
D&O Liability Insurance policies as in effect from time to time. The Company shall promptly notify Indemnitee of any material changes in such insurance coverage. 

8. Presumptions and Burdens of Proof; Effect of Certain Proceedings. 

(a) In making any determination as to Indemnitee’s entitlement to indemnification hereunder, Indemnitee shall be entitled to a
presumption that he or she is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 3(c), and the Company shall have the burdens of coming forward with evidence and
of persuasion to overcome that presumption. 
 (b) The termination of any proceeding or of any claim, issue or matter therein
by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption (i) that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be
in or not opposed to the best interests of the Company, (ii) that with respect to any criminal proceeding, Indemnitee either did not have reasonable cause to believe that Indemnitee’s conduct was lawful or had reasonable cause to believe
that his or her conduct was unlawful or (iii) that Indemnitee did not otherwise satisfy the applicable standard of conduct to be indemnified pursuant to this Agreement. 

(c) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
is based on the records or books of account of the Company or other person or entity, as applicable, including financial statements, or on information supplied to Indemnitee by the officers of such person or entity in the course of their duties, or
on the advice of legal counsel for such entity or on information or records given or reports made to such entity by an independent certified public accountant, appraiser or other expert selected with reasonable care by such entity. The provisions of
this Section 8(c) shall not be deemed to be exclusive or to limit in any way other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct to be indemnified pursuant to this Agreement. 

(d) The knowledge or actions or failure to act of any other director, officer, employee or agent of the Company or other person or
entity, as applicable, shall not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this Agreement. 

9. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to
do any act in violation of applicable law. The Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 9. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the fullest extent permitted by any
applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 

 

 6 

 10. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Claims Initiated by Indemnitee. To
indemnify or advance expenses to Indemnitee with respect to proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification
under this Agreement or any other statute or law or otherwise as required under the IBCL, but such indemnification or advancement of expenses may be provided by the Company in specific cases if its Board of Directors has approved the initiation or
bringing of such suit; or 
 (b) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee
with respect to any proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or
was frivolous; or 
 (c) Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier under a policy of directors and officers liability insurance
maintained by the Company; 
 (d) Claims under Section 16(b). To indemnify Indemnitee for expenses and the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; or 

(e) Non-compete and Non-disclosure. To indemnify Indemnitee for expenses or liabilities with respect to proceedings or claims
involving the enforcement of non-compete and/or non-disclosure agreements or the non-compete and/or non-disclosure provisions of employment, consulting or similar agreements the Indemnitee may be a party to with the Company. 

11. Construction of Certain Terms and Phrases. 

(a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any
constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger with the Company, which constituent corporation, if its separate existence had continued, would have had power and authority to indemnify its
directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have
with respect to such constituent corporation if its separate existence had continued. 
  

 7 

 (b) For purposes of this Agreement, references to “other enterprises” shall
include employee benefit plans; and references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan or its participants or beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

12. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 13. Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns and shall
inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all,
substantially all or a substantial part of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had taken place. 
 14. Attorneys’ Fees.
In the event that any action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys’ fees, incurred
by Indemnitee with respect to such action, unless as a part of such action, the court of competent jurisdiction determines that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was
frivolous. In the event of an action instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all court costs and expenses, including
reasonable attorneys’ fees, incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless as a part of such action the court determines that each of
Indemnitee’s material defenses to such action was made not in good faith or was frivolous. 
 15. Non-Disclosure of
Payments. Except as expressly required by the Federal securities laws, neither the Indemnitee nor the Company shall disclose any payments under this Agreement unless prior approval of the other party is obtained. 

16. Notice. Except as provided in Section 3(b), all notices, requests, demands and other communications under this Agreement
shall be in writing and shall be deemed duly given (i) if delivered by hand and receipted for by the party addressee, on the date of such receipt, or (ii) if mailed by domestic certified or registered mail with postage prepaid, on the
third business day after the date postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 

17. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the
State of Indiana for all purposes in connection with 
  

 8 

 
any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be brought only in the state courts of the State of
Indiana. 
 18. Choice of Law. This Agreement shall be governed by and its provisions construed in accordance with the
laws of the State of Indiana, as applied to contracts between Indiana residents entered into and to be performed entirely within Indiana without regard to the conflict of law principles thereof. 

19. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the
Company against Indemnitee, Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company
shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such
shorter period shall govern. 
 20. Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit
to enforce such rights. 
 21. Retroactivity. This Agreement shall be deemed to have been in effect during all periods
that Indemnitee was a director, officer or employee of the Company, regardless of the date of this Agreement. 
 22.
Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in a writing signed by both of the parties hereto. No waiver of any of the provisions of this Agreement 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. 

23. Integration and Entire Agreement. Subject to the provisions of Section 4, this Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 

[signature page follows] 
  

 9 

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

			
	 VERA BRADLEY, INC.,

an Indiana corporation

		
	By:	 	 

			
	Name:	 	 

			
	Title:	 	 
	
	 Address for notice:

	
	 2208 Production Road

	 Fort Wayne, Indiana 46808

			
	 AGREED TO AND ACCEPTED:
  

INDEMNITEE:

		
	By:	 	 

			
	 Name:
	 	
	 Title:
	 	

					
		
	 Address for notice:

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