Document:

Amendment No. 3 to Bridge Loan Agreement

 EXHIBIT 10.1 
  
 Execution Copy 
  
 AMENDMENT NO. 3 
 TO 

BRIDGE LOAN AGREEMENT 
  
 AMENDMENT NO. 3, dated as of May 10, 2004 (this “Amendment”), to the Bridge Loan Agreement, dated as of June 25, 2002, among
CONCENTRA INC., as the Borrower, CITICORP NORTH AMERICA, INC., as Lender and the Administrative Agent, and the other Lenders party thereto from time to time (as amended, supplemented or otherwise modified from time to time, the “Loan
Agreement”). 
  
 W I T N
E S S E T H : 
  
 WHEREAS, the Borrower and Concentra Operating Corporation (the “Operating Co.”) have advised the Administrative Agent and the Lenders that, to the extent permitted under the Operating Co. Credit Facility, (i) the
Operating Co. intends to (a) issue new Senior Subordinated Notes due 2012 (the “Issuance”) in the stated original principal amount of $150,000,000 and (b) obtain an additional term loan in the stated principal amount of
$70,000,000 under the Operating Co. Credit Facility (the “Term Loan” and together with the Issuance, the “Additional Indebtedness”), and (ii) the Operating Co. intends to use up to $100,000,000 of the
Net Cash Proceeds of the Additional Indebtedness for the purpose of making one or more dividend distributions to the Borrower (the “Operating Company Distributions”) to enable the Borrower to make one or more dividend
distributions to its stockholders including Welsh, Carson, Anderson & Stowe VIII, L.P. (the “Borrower Distributions”); and 
  
 WHEREAS, the Borrower has requested the Lenders to amend the Loan Agreement to extend the maturity of the Bridge Loan from March 31, 2005 to March 31,
2007; and 
  
 WHEREAS, pursuant to Section 10.1(a) of the Credit
Agreement, the consent of the Requisite Lenders is required to effect the amendments set forth herein; provided that the amendments set forth herein extending the maturity of the Bridge Loan shall also require the consent of each Lender; and

  
 WHEREAS, the Lenders have agreed to amend and waive certain
provisions of the Loan Agreement to enable the Borrower and its Subsidiaries to (a) incur the Additional Indebtedness, (b) consummate each of the Operating Company Distributions and the Borrower Distributions and (c) to extend the maturity of the
Bridge Loan on the terms and subject to the conditions herein provided; 
  
 NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to the following: 

 Section 1. Defined Terms. Capitalized terms used, but not otherwise defined, herein have the
meanings set forth in the Loan Agreement. 
  
 Section 2.
Amendments. As of the Effective Date (as hereinafter defined), the Loan Agreement is amended by deleting the definition of “Termination Date” in Section 1.1 of the Loan Agreement in its entirety and inserting in
lieu thereof the following language: 
  
 “
“Termination Date” means the earliest to occur of (a) March 31, 2007, (b) the acceleration of the Obligations pursuant to the terms of Article VIII and (c) the payment in full of all of the Obligations.”

  
 Section 3. Waivers. As of the Effective Date, the
Lenders waive compliance with the requirements of Section 2.6 (Mandatory Prepayments) and Section 7.5 (Restricted Payments) to the extent the Net Cash Proceeds of the Additional Indebtedness are used by the Operating Co.
or the Borrower for the payment of the Operating Company Distributions or the Borrower Distributions. 
  
 The waivers herein contained are expressly limited as follows: (x) the waivers are limited solely to the incurrence of the Additional Indebtedness and the consummation of the Operating Company Distributions and the
Borrower Distributions and (y) the waivers are limited, one-time waivers, and nothing contained herein shall obligate the Lenders to grant any additional or future waivers with respect to, or in connection with, any provision of any Loan Document.

  
 Section 4. Representations and Warranties. Each of the
Borrower and the Guarantors hereby jointly and severally represents and warrants to the Administrative Agent and each Lender as follows: 
  
 (a) After giving effect to this Amendment, each of the representations and warranties of such Person contained in the Loan Agreement and in the other Loan
Documents are true and correct in all material respects on and as of the Effective Date as though made on and as of such date, except to the extent that any such representation or warranty expressly relates to an earlier date and except for changes
therein expressly permitted by the Loan Agreement. 
  
 (b) After
giving effect to this Amendment, no Default or Event of Default has occurred and is continuing as of the date hereof and the Effective Date. 
  
 (c) The execution, delivery and performance by such Person of this Amendment have been duly authorized by all requisite action on the part of such Person
and will not violate any of its Constituent Documents. 
  

 2 

 (d) This Amendment has been duly executed and delivered by such Person and each of this Amendment and the
Loan Agreement, as amended hereby, constitutes the legal, valid and binding obligation of such Person, enforceable against such Person in accordance with their terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally and to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 
  
 Section 5. Condition to Effectiveness. This Amendment shall become
effective as of the date (the “Effective Date”) on which the Administrative Agent receives counterparts of this Amendment executed by each of the Borrower, the Guarantors, the Administrative Agent and the Lenders. The
Administrative Agent shall promptly notify the Borrower upon its receipt of all such executed counterparts. 
  
 Section 6. Reference to and Effect on the Loan Documents. 
  

(a) As of the Effective Date, each reference in the Loan Agreement and the other Loan Documents to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import, shall mean and be a reference to the Loan Agreement as amended hereby. 
  
 (b) Except to the extent amended hereby, the provisions of the Loan Agreement
and all of the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
  
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or
remedy of the Lenders or the Administrative Agent under any of the Loan Documents or constitute a waiver of any provision of any of the Loan Documents. 
  
 Section 7. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. Receipt by the Administrative Agent of a facsimile copy of an executed signature page hereof
shall constitute receipt by the Administrative Agent of an executed counterpart of this Amendment. 
  
 Section 8. Governing Law. This Amendment shall be governed by and construed and enforced in accordance with the law of the State of New York.

  
 [Signature Pages to Follow] 
  

 3 

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

			
	 Administrative Agent and Lender:

	
	 CITICORP NORTH AMERICA, INC.

		
	 By:
	 	 /s/  Paul Sharkey

	 	 	 Name:  Paul Sharkey

	 	 	 Title:    Vice President

  
 [SIGNATURE PAGE TO AMENDMENT NO. 3 TO CONCENTRA, INC. BRIDGE LOAN
AGREEMENT] 

			
	 Lenders:

	
	CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch
		
	 By:
	 	 /s/  Paul L. Colón

	 	 	 Name:  Paul L. Colón

	 	 	 Title:    Director

		
	 By:
	 	 /s/  Joshua Parrish

	 	 	 Name:  Joshua Parrish

	 	 	 Title:    Associate

  
 [SIGNATURE PAGE TO AMENDMENT NO. 3 TO CONCENTRA, INC. BRIDGE LOAN
AGREEMENT] 

			
	 Borrower:

	
	 CONCENTRA INC.

		
	 By:
	 	 /s/  Thomas E. Kiraly

	 	 	 Name:  Thomas E. Kiraly

	 	 	 Title:    Executive Vice President, Chief
              Financial Officer and Treasurer

	
	 Guarantors:

	
	WELSH, CARSON, ANDERSON & STOWE VIII, L.P.
		
	 By:
	 	 WCAS VIII Associates LLC,

	 	 	 its General Partner

		
	 By:
	 	 /s/  Jonathan M. Rather

	 	 	 Name:  Jonathan M. Rather

	 	 	 Title:    Managing Member

	
	 WCAS CAPITAL PARTNERS III, L.P.

		
	 By:
	 	 WCAS CP III ASSOCIATES L.L.C.,

	 	 	 its General Partner

		
	 By:
	 	 /s/  Jonathan M. Rather

	 	 	 Name:  Jonathan M. Rather

	 	 	 Title:    Managing Member

  
 [SIGNATURE PAGE TO AMENDMENT NO. 3 TO CONCENTRA, INC. BRIDGE LOAN
AGREEMENT]EMPLOYMENT LETTER BETWEEN THE COMPANY AND DAVID DEMARIA DATED MARCH 25,2004

 Exhibit 10.1 
  
 [LOGO APPEARS HERE] 
  
 March 25, 2004 
  
 Mr. David DeMaria 
 1115 Lennon Way 
 San Jose, CA 95134 
  
 Dear Dave: 
  
 We are excited that you have joined MatrixOne, Inc. (the “Company”), and hope that you will be able to assist us in our efforts to make the
Company successful. While all positions with the Company are deemed employee at-will, we are very pleased to modify your employment arrangement as set forth in the offer letter from the Company to you dated March 25, 2004 (the “Offer
Letter”), as provided below. 
  
 In the event that your
employment with the Company is terminated by you for Good Reason or by the Company or its successor without Cause at any time within 12 months after (x) the sale of the Company by merger in which the shareholders of the Company in their capacity as
such no longer own a majority of the outstanding equity securities of the Company (or its successor); or (y) any sale of all or substantially all of the assets or capital stock of the Company (other than in a spin-off or similar transaction) or (z)
any other acquisition of the business of the Company, as determined by the Company’s Board of Directors (an “Acquisition”), then the Company or the acquiring corporation, as the case may be, subject to your executing a comprehensive
release agreement in a form and scope acceptable to the Company, shall be obligated to pay you as follows: (i) 12 months’ salary at your then current base rate in 26 equal bi-weekly payments; (ii) the greater of (a) your then current annual
target bonus or incentive payment or (b) the most recent annual bonus or incentive payment earned by you or paid to you by the Company; (iii) if you are eligible for, and choose to elect health insurance continuation in accordance with COBRA, the
Company will pay your premium payments under COBRA for a period of 12 months or, if earlier, until you commence employment with a new employer; and (iv) payment, for a period of 12 months after your termination of employment, of the premiums for
life insurance, supplemental life insurance and long-term disability insurance for your benefit, under policies to be determined by the Company as permitted by the applicable plans under which you were covered as of your termination date (the
payments and benefits described in clauses (i), (ii), (iii) and (iv) above are collectively referred to herein as the “Termination Payments”). The Termination Payments shall be subject to all applicable federal, state and local
withholding, payroll and other taxes, subject to the terms herein. For the sake of clarity, if you are eligible to receive the Termination Payments set forth herein, you will not be eligible to receive any severance payments or benefits to the
extent any are set forth in the Offer Letter. Any obligation of the Company to provide Termination Payments is expressly conditioned upon your continued full performance of the obligations under the terms of the Non-Compete Agreement. 
  
 For purposes of the Letter Agreement (as defined below), “Cause”
shall mean any one or more of the following: (i) your failure or refusal to render services to the Company in accordance with your obligations or a determination by the Board of the Directors of the Company that you have inadequately performed your
employment duties; (ii) your disloyalty, gross negligence, dishonesty or breach of fiduciary duty; (iii) your commission of an act of fraud, theft, misappropriation, embezzlement or deliberate disregard of the rules or policies of the Company or the
rules of the Securities and Exchange Commission or your commission of any other action which injures the Company; (iv) any act of moral turpitude by you which materially adversely affects your ability to perform your duties and represent the
Company; (v) your commission of a felony or other crime involving moral turpitude, or pleading nolo contendere to, or being convicted of, any crime or other violation of law; or (vi) your breach of the terms of the Employee Secrecy,
Invention and Non-Compete Agreement that you signed with the Company (the “Non-Compete Agreement”) or of any obligations under any other agreement entered into between you and the Company. 
  
 MatrixOne, Inc. 
 210 Littleton Road Westford, MA 01886 Tel: 978-589-4000 Fax: 978-589-5700 
 www.matrixone.com 

 [LOGO APPEARS HERE] 
  
 Letter to David DeMaria 
 March 25, 2004 
 Page 2 
  
 For purposes of the Letter Agreement,
“Good Reason” shall mean your termination of employment as a result of (i) a material breach of the Letter Agreement by the Company; (ii) a material reduction in your responsibility or authority for the operations of the Company as it
exists on the date of this letter; or (iii) the failure of the Company to pay your salary or bonus, if any, in the time and manner contemplated by the Letter Agreement; provided, however, that an event described in this sentence shall
not constitute Good Reason unless it is communicated by you to the Company in writing within 30 days of the event. Any references to the “Company” in this or the preceding paragraph shall include any surviving or successor entity following
an Acquisition. 
  
 If, in connection with an Acquisition, (a) the
Termination Payments, or (b) any payment or benefit received or to be received by you pursuant to any other plan, arrangement or agreement (such payments or benefits together with the Termination Payments, the “Total Payments”) would
constitute (in whole or in part) an “excess parachute payment” within the meaning of Section 280G(b) of the Internal Revenue Code of 1986, as amended (the “Code”), then the amount of the Termination Payments shall be reduced,
before any other reduction of the Total Payments, if any, until the “aggregate present value” (as that term is defined in section 280G(d)(4) of the Code) of the Total Payments is such that no part of the Total Payments constitutes an
“excess parachute payment” within the meaning of Section 280G(b) of the Code; provided, however, that if the “aggregate present value” of the Total Payments would exceed the Total Payments as so reduced plus the tax
that, but for this sentence, would be imposed on you under Section 4999 of the Code in connection with the Acquisition, then the Termination Payments shall not be reduced. For purposes of the preceding sentence, the “aggregate present
value” of the Total Payments shall be calculated on an after-tax basis (other than taxes imposed by Section 4999 of the code) and shall be based on economic principles rather than the principles set forth under Section 280G of the Code and the
regulations promulgated thereunder. All determinations required to be made under this paragraph shall be made by the Company. 
  
 Except as modified by this letter, the Offer Letter remains in full force and effect in accordance with its terms. The Offer Letter, together with this
letter, the Non-Compete Agreement and any written agreements between you and the Company concerning stock or stock options collectively are referred to herein as the “Letter Agreement.” The Letter Agreement sets forth the sole
understanding between you and the Company with respect to the subject matter hereof and thereof, and supersedes any prior negotiations, understandings or agreements, written or oral, by or between you and the Company regarding such subject matter.

  
 If you agree to this letter, please sign the original copy of
this letter and return it my assistant, Gayle Crosby. Or, if you wish, fax it to our confidential fax at (978) 589-5701. Please do not hesitate to contact me at (978) 589-4100 if you have any questions regarding this letter. 
  

	
	 Sincerely,

	
	 /s/ Mark F. O’Connell

	 Mark F. O’Connell

	 President & Chief Executive Officer

  
 MFO:gmc 
  
 Enclosures 
  
 Offer accepted by: /s/ David
DeMaria                             Date: 3/29/04

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