Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT 

This Second Amendment (this “Amendment”), dated as of March 8, 2018 by and between JPP, LLC and JPP II, LLC, each a
Delaware limited liability company (together “JPP” or, the “Lender”), SEARS, ROEBUCK AND CO. (“Sears”), KMART STORES OF ILLINOIS LLC, KMART OF WASHINGTON LLC, KMART CORPORATION
(“KMART”), SHC DESERT SPRINGS, LLC, INNOVEL SOLUTIONS, INC., SEARS HOLDINGS MANAGEMENT CORPORATION, MAXSERV, INC., TROY COOLIDGE NO. 13, LLC, SEARS DEVELOPMENT CO. and BIG BEAVER OF FLORIDA DEVELOPMENT, LLC, collectively as borrower
(individually or collectively, as the context may require, jointly and severally, together with their respective permitted successors and assigns, “Borrower”), amends that certain Second Amended Restated Loan Agreement, dated as of
October 18, 2017 (as amended by that certain Amendment to Second Amended and Restated Loan Agreement, dated as of October 25, 2017, as it may be further amended and restated, the “Loan Agreement”; all capitalized terms
used but not defined herein shall have the respective meanings ascribed to such terms in the Loan Agreement). 
 WHEREAS, on
October 18, 2017, Lender and Borrower entered into the Loan Agreement; 
 WHEREAS, on October 25, 2017, Lender and Borrower
amended the Loan Agreement pursuant to that certain Amendment to Loan Agreement; 
 WHEREAS, Lender and Borrower desire to further amend the
Loan Agreement; 
 NOW THEREFORE, in consideration of the mutual premises contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby represent, warrant, covenant and agree as follows: 

Section 1. Amendment of Loan Documents. Lender and Borrower hereby agree to amend the terms of the Loan Agreement as follows: 

(a) The following definitions are hereby added to the list of definitions: 

““Interest Determination Date” means, in connection with the calculation of interest accrued for any
Interest Accrual Period, the second Business Day preceding the first day of such Interest Accrual Period.” 

““LIBOR” means the rate per annum calculated as set forth below: 

On each Interest Determination Date, LIBOR for the applicable period will be the rate for deposits in United States dollars for
a one-month period which appears as the London interbank offered rate on the display designated as “LIBOR01” on the Reuters Screen (or such other page as may replace that page on that service, or
such page or replacement therefor on any successor service) as the London interbank offered rate as of 11:00 a.m., London time, on such date. 

  
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 All percentages resulting from any calculations or determinations referred to in this definition
will be rounded upwards to the nearest multiple of 1/100 of 1% and all U.S. dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent or more being
rounded upwards).” 
 “Prime Rate” means the “prime rate” published in the “Money
Rates” section of The Wall Street Journal. If The Wall Street Journal ceases to publish the “prime rate,” then Lender shall select an equivalent publication that publishes such “prime rate,” and if such “prime
rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then Lender shall reasonably select a comparable interest rate index. 

“Prime Rate Loan” means the Loan at such time as interest thereon accrues at a rate of interest equal to the
Prime Rate plus the Prime Rate Spread. 
 “Prime Rate Spread” means, in connection with any conversion of
the Note A-1 to a Prime Rate Loan, the amount obtained by subtracting (x) the Prime Rate, determined as of the Interest Determination Date for which LIBOR was last available, from (y) the per
annum interest rate payable hereunder in respect of such Note Component A-1 while the Loan was accruing interest at LIBOR, determined as of the Interest Determination Date for which LIBOR was last available;
provided, however, that if the amount so obtained is a negative number, then the Prime Rate Spread shall be zero. 

““Second Amendment Date” means March 8, 2018.” 

(b) The definition of Initial Second Lien Advance Amount is hereby amended and restated in its entirety: 

““Initial Second Lien Advance Amount” means has the meaning set forth in Section 1.1(a).”

 (c) The definition of “Interest Rate” is hereby deleted in its entirety and replaced with the following: 

“Interest Rate” means (i) with respect to Note Component A-1, the sum of (A) 9%,
plus (B) the greater of (x) the LIBOR Floor or (y) LIBOR, determined as of the Interest Determination Date immediately preceding such Interest Accrual Period (except that at any time that the Loan is a Prime Rate Loan, such rate per
annum shall be the sum of the applicable Prime Rate Spread plus the Prime Rate, determined as of the Interest Determination Date immediately preceding such Interest Accrual Period); and (ii) with respect to Note Component A-2 and Note B, 11% per annum. 

  
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 (c) The definition of “Allocated Loan Amount” is hereby deleted in its entirety and
replaced with the following: 
 ““Allocated Loan Amount” means, with respect to each Property, the portion of the
Principal Indebtedness allocated thereto as set forth next to such Property on the Property List.” 
 (d) The definition of
“Property List” is hereby deleted in its entirety and replaced with the following: 
 ““Property List” means
the list of real properties certified to Lender in the officer’s certificate of Borrower, dated as of Second Amendment Date, and delivered to Lender.” 

(d) The following is added at the end of Section 1.1(a): 

“On the Second Amendment Date, Lender made an additional advance to Borrower in the amount of $100,000,000 (the “Second Amendment
Date Advance Amount”) evidenced by Note Component A-1 . As of the Second Amendment Date and as adjusted to reflect repayments of the Principal Indebtedness in accordance with the terms hereof and the
Second Amendment Date Advance Amount: (i) the portion of the Principal Indebtedness evidenced by Note A is $521,877,509.22, (ii) the portion of the Principal Indebtedness evidenced by Note Component
A-1 is $479,180,837.99, (iii) the portion of the Principal Indebtedness evidenced by Note Component A-2 is $42,696,671.23, (iv) the portion of the Principal Indebtedness
evidenced by Note B is $100,000,000 and (v) the aggregate Principal Indebtedness is $621,877,509.22. In connection with the advance of the Second Amendment Date Advance Amount, Borrower agrees to use its reasonable best efforts to
cooperate with Lender to consolidate the Loan (and the Collateral secured hereunder) with one or more loans secured by real property (and the collateral secured thereunder) in which the Lender holds an interest, provided that the consolidated loans
have a maturity date of not earlier than July 20, 2020 and on such other terms as acceptable to the Lender and Borrower.” 
 (e)
Section 1.1(c) is hereby deleted in its entirety and replaced with the following: 
 “As of the date hereof, the Loan is secured
by each of the Initial Properties and the outstanding Indebtedness of Borrower under Note Component A-2 and Note B is further secured by each of the Secondary Properties. For the avoidance of doubt, any
Lien on the Secondary Properties securing repayment of Note Component A-2 and Note B shall be subject and subordinate to the Liens securing the Cascade Loan.” 

(f) A new Section 1.1(e) is hereby added immediately following Section 1.1(d): 

“Section 1.1(e): In the event that Lender determines in good faith as of any Interest Determination Date that
adequate and reasonable means do not exist for ascertaining LIBOR, then the Loan shall be converted to a Prime Rate Loan effective as of the first day of the Interest Accrual Period corresponding to such Interest Determination Date and Lender shall
give notice thereof to Borrower (which may be by telephone or e-mail, followed promptly by written notice) prior to the next succeeding Payment Date. Except as provided in this Section, the Loan shall at all
times be a LIBOR Loan. In no event shall Borrower have the right to convert a LIBOR Loan to a Prime Rate Loan.” 

  
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 Section 2. Waiver. Pursuant to Sections 1.5 and 1.6 of the Loan
Agreement, Borrower has the right to obtain the release of one of more of the Properties from the Liens of the Loan Documents in connection with an arm’s length Transfer of such Property, subject to the satisfaction of certain conditions,
including that Borrower make a payment to Lender, as repayment of the Indebtedness, in an amount equal to the applicable Release Price. Borrower intends to sell the Property located in Warren, OH (the “Warrant Property”), for a
price less than the Release Price but in any case not less than $19,950,000 (the “Minimum Warren Release Price”) and the Property located in Melrose, IL (the “Melrose Property”) for a price less than the Release
Price, but in any case not less than $15,200,000 (the “Minimum Melrose Release Price”). Borrower shall apply the entire net cash proceeds of the sales as a payment to Lender as repayment of the Indebtedness. Lender hereby consent to
release its Liens on the Warren Property and the Melrose Property as of the time of sale, notwithstanding that the payment to Lender will be less than the Release Price; provided, that the sale proceeds paid to Lender as repayment of the
Indebtedness are no less than the Minimum Warren Release Price and the Minimum Melrose Release Price, as applicable. 
 Section 2.
Miscellaneous. 
 (a) All of the terms and conditions of the Loan Agreement are incorporated herein by reference with the same force
and effect as if fully set forth herein. Except as expressly amended hereby, the Loan Agreement and each of the other Loan Documents remains in full force and effect in accordance with its terms. 

(b) Borrower hereby represents and warrants that (i) Borrower has the power and authority to enter into this Amendment, to perform its
obligations under the Loan Agreement as amended hereby, (ii) Borrower has by proper action duly authorized the execution and delivery of this Amendment by Borrower and (iii) this Amendment has been duly executed and delivered by Borrower
and constitutes Borrower’s legal, valid and binding obligations, enforceable in accordance with its terms, subject to bankruptcy, insolvency and similar laws of general applicability relating to or affecting creditors’ rights and to
general equity principles. 
 (c) This Amendment shall be governed by and construed and interpreted in accordance with the laws of the State
of New York without regard to principles of conflicts of law. 
 (d) Borrower hereby (1) unconditionally ratifies and confirms, renews
and reaffirms all of its obligations under the Loan Agreement and each of the other Loan Documents, (2) acknowledges and agrees that such obligations remain in full force and effect, binding on and enforceable against it in accordance with the
terms, covenants and conditions of the Loan Agreement as amended hereby and the other Loan Documents, in each case, without impairment, and (3) represents, warrants and covenants that it is not in default under the Loan Agreement or any of the
other Loan Documents beyond any applicable notice and cure periods, and there are no defenses, offsets or counterclaims against the Indebtedness. 

  
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 (e) Sears Holdings Corporation hereby (1) unconditionally approves and consents to the
execution by Borrower of this Amendment and the modifications to the Loan Documents effected thereby, (2) unconditionally ratifies, confirms, renews and reaffirms all of its obligations under the Guaranty and the Environmental Indemnity
(collectively, the “Guarantor Documents”), (3) acknowledges and agrees that its obligations under the Guarantor Documents remain in full force and effect, and shall continue to remain in full force during each Extension Term,
binding on and enforceable against it in accordance with the terms, covenants and conditions of such documents without impairment and reaffirms such obligations under the Guarantor Documents to guaranty the obligations of Borrower under the Loan
Agreement and other Loan Documents, and (4) represents, warrants and covenants that (i) it is not in default under the Guaranty beyond any applicable notice and cure periods, (ii) there are no defenses, offsets or counterclaims
against its obligations under the Guaranty and (iii) it has the power and authority to enter into this Amendment and has by proper action duly authorized its execution and delivery of this Amendment. 

(f) Borrower shall reimburse Lender for all reasonable
out-of-pocket fees and expenses of legal counsel incurred by Lender in connection with this Amendment. 

(g) This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. Copies of originals, including copies delivered by facsimile, pdf or other electronic means, shall have the same import and effect as original counterparts and shall be valid,
enforceable and binding for the purposes of this Amendment. 
 [Signatures appear on following page] 

  
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 IN WITNESS WHEREOF, for good and valuable consideration, the sufficiency of which is hereby
acknowledged and agreed, the parties hereto have executed and delivered this Amendment as of the date first hereinabove set forth. 
  

			
	 LENDER:

	
	JPP, LLC,
a Delaware limited liability company
		
	By:    	 	/s/ Edward S. Lampert
		 	Name: Edward S. Lampert
		 	Title: Authorized Signatory
	
	JPP II, LLC,
a Delaware limited liability company
		
	By:	 	/s/ Edward S. Lampert
		 	Name: Edward S. Lampert
		 	Title: Authorized Signatory

 
			
	 SEARS, ROEBUCK AND CO.,
 a
New York corporation

		
	By:	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officer
	
	 KMART CORPORATION,
 a
Michigan corporation

		
	By:	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officer
	
	 KMART STORES OF ILLINOIS LLC,

an Illinois limited liability company

	
	By: Kmart Corporation, a Michigan corporation, as Sole Member
		
	By:	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officer
	
	 KMART OF WASHINGTON LLC,
 a
Washington limited liability company

	
	By: Kmart Corporation, a Michigan corporation, as Sole Member
		
	By:	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officer

 
			
	 SHC Desert Springs, LLC,
 a
Delaware limited liability company

	
	By: Kmart Corporation, a Michigan corporation, as Sole Member
		
	By:    	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officer

 
			
	 INNOVEL SOLUTIONS, INC.,
 a
Delaware corporation

		
	By:    	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Vice President

 
			
	Solely with respect to Section 3(e) hereof:
	
	GUARANTOR:
	
	SEARS HOLDINGS CORPORATION, a Delaware corporation
		
	By:	 	/s/ Robert A. Riecker
		 	Name: Robert A. Riecker
		 	Title: Chief Financial Officerarlz_Ex10_37

		
			Exhibit 10.37
		

		
			 
		

		
			FORM OF GENERAL RELEASE OF ALL CLAIMS
		

		
			THIS GENERAL RELEASE OF ALL CLAIMS (this “General Release”), dated as of November 30, 2017, is made by and between Scott J. Charles (the “Executive”) and POZEN, Inc. (together with its parent company, Aralez Pharmaceuticals Inc., and their respective successors and assigns, the “Company”).
		

		
			WHEREAS, POZEN, Inc. and Executive are parties to that certain Employment Agreement, dated as of July 27, 2015 (the “Employment Agreement”);
		

		
			WHEREAS, Executive’s employment with the Company has been terminated and Executive is entitled to receive severance and other benefits, as set forth in Section 5 of the Employment Agreement subject to the execution of this General Release;
		

		
			WHEREAS, in consideration for Executive’s signing of this General Release, the Company will provide Executive with such severance and benefits pursuant to the Employment Agreement; and
		

		
			WHEREAS, except as otherwise expressly set forth herein, the parties hereto intend that this General Release shall effect a full satisfaction and release of the obligations described herein owed to Executive by the Company and to the Company by Executive.
		

		
			NOW, THEREFORE, in consideration of the premises, the mutual covenants of the parties hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby covenant and agree as follows:
		

		
			1.          Executive, for himself, Executive’s spouse, heirs, administrators, children, representatives, executors, successors, assigns, and all other individuals and entities claiming through Executive, if any (collectively, the “Executive Releasers”), does hereby release, waive, and forever discharge the Company and each of its respective agents, subsidiaries, parents, affiliates, related organizations, employees, officers, directors, attorneys, successors, and assigns in their capacities as such (collectively, the “Employer Releasees”) from, and does fully waive any obligations of Employer Releasees to Executive Releasers for, any and all liability, actions, charges, causes of action, demands, damages, or claims for relief, remuneration, sums of money, accounts or expenses (including attorneys’ fees and costs) of any kind whatsoever, whether known or unknown or contingent or absolute, which heretofore has been or which hereafter may be suffered or sustained, directly or indirectly, by Executive Releasers in consequence of, arising out of, or in any way relating to:  (a) Executive’s employment with the Company; (b) the termination of Executive’s employment with the Company; (c) the Employment Agreement; or (d) any events occurring on or prior to the date of this General Release.  The foregoing release and discharge, waiver and covenant not to sue includes, but is not limited to, all waivable claims and any obligations or causes of action arising from such claims, under common law including wrongful or retaliatory discharge, breach of contract (including but not limited to any claims under the Employment Agreement other than claims for unpaid severance benefits, bonus or Salary earned thereunder) and any action arising in tort including libel, slander, defamation or intentional infliction of emotional distress, and claims under any federal, state or local statute including the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866 and 1871 (42 U.S.C. § 1981), the National Labor Relations Act, the Fair Labor Standards Act, the Employee Retirement Income Security Act, the Americans with Disabilities Act of 1990, the Rehabilitation Act of 1973, or the discrimination or employment laws of any state or municipality, and/or any claims under any express or implied contract which
		

		
			 
		

		
			
		

		
			

		 

 

		

		
			Executive Releasers may claim existed with Employer Releasees.  This also includes a release of any claims for wrongful discharge and all claims for alleged physical or personal injury, emotional distress relating to or arising out of Executive’s employment with the Company or any of its subsidiaries or affiliates or the termination of that employment; and any claims under the WARN Act or any similar law, which requires, among other things, that advance notice be given of certain work force reductions.  Notwithstanding anything contained in this Section 1 above to the contrary, nothing contained in herein shall constitute a release by any Executive Releaser of any of his, her or its rights or remedies available to him, her or it, at law or in equity, related to, on account of, in connection with or in any way pertaining to the enforcement of:  (i) any right to indemnification, advancement of legal fees or directors and officers liability insurance coverage existing under the constituent documents of the Company or applicable state corporate, limited liability company and partnership statutes or pursuant to any agreement, plan or arrangement, including without limitation, the indemnification rights set forth in Section 8 of the Employment Agreement; (ii) any rights to the receipt of employee benefits which vested on or prior to the date of this General Release; (iii) the right to receive severance and other benefits under the Employment Agreement; (iv) the right to continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act; (v) any rights of Executive under the Employment Agreement with respect to the gross-up protections set forth in Section 7 of the Employment Agreement, (vi) any rights of Executive under the Employment Agreement with respect to non-disparagement set forth in Section 11 of the Employment Agreement; (vii) any equity rights; or (viii) this General Release or any of its terms or conditions.
		

		
			2.          Excluded from this General Release and waiver are any claims which cannot be waived by applicable law, including but not limited to the right to participate in an investigation conducted by certain government agencies.  Executive does, however, waive Executive’s right to any monetary recovery should any government agency (such as the Equal Employment Opportunity Commission) pursue any claims on Executive’s behalf.  Executive represents and warrants that Executive has not filed any complaint, charge, or lawsuit against the Employer Releasees with any government agency or any court.
		

		
			3.          Executive agrees never to seek personal recovery from any Employer Releasee in any forum for any claim covered by the above waiver and release language, except that Executive may bring a claim under the ADEA to challenge this General Release.  If Executive violates this General Release by suing an Employer Releasee (excluding any claim by Executive under the ADEA or as otherwise set forth in Section 1 hereof), then Executive shall be liable to the Employer Releasee so sued for such Employer Releasee’s reasonable attorneys’ fees and other litigation costs incurred in defending against such a suit.  Nothing in this General Release is intended to reflect any party’s belief that Executive’s waiver of claims under ADEA is invalid or unenforceable, it being the intent of the parties that such claims are waived.
		

		
			4.          The Employer Releasees do hereby release, waive, and forever discharge Executive, Executive’s heirs, personal representatives and assigns, and any and all other persons or entities that are now or may become liable to any Employer Releasee due to Executive’s act or omission (all of whom are collectively referred to as “Executive Releasees”), from, and do fully waive any obligations of Executive Releasees to Employer Releasees for, any and all liability, actions, charges, causes of action, demands, damages, or claims for relief, remuneration, sums of money, accounts or expenses (including attorneys’ fees and costs) of any kind whatsoever, whether known or unknown or contingent or absolute, that the Employer Releasees, or any person acting under any of them, may now have, or claim at any future time to have, based in whole or in part upon any act or omission occurring from the beginning of time through the date of execution of this General Release.
		

		
			 
		

		
			
		

		
			

		 

 

		

		
			5.          Each party agrees that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or construed at any time to be an admission by any party of any improper or unlawful conduct.
		

		
			6.          Each party acknowledges and recites that he or it has:
		

		
			(a)         executed this General Release knowingly and voluntarily;
		

		
			(b)         had a reasonable opportunity to consider this General Release;
		

		
			(c)         read and understands this General Release in its entirety;
		

		
			(d)         been advised and directed orally and in writing (and this subparagraph (d) constitutes such written direction) to seek legal counsel and any other advice such party wishes with respect to the terms of this General Release before executing it; and
		

		
			(e)         relied solely on such party’s own judgment, belief and knowledge, and such advice as such party may have received from such party’s legal counsel.
		

		
			7.          Section 14 of the Employment Agreement, which shall survive the expiration of the Employment Agreement for this purpose, shall apply to any dispute with regard to this release.
		

		
			8.          Executive acknowledges and agrees that (a) his execution of this General Release has not been forced by any employee or agent of the Company, and Executive has had an opportunity to negotiate the terms of this General Release; and (b) he has been offered twenty-one (21) calendar days after receipt of this General Release to consider its terms before executing it.  Executive shall have seven (7) calendar days from the date he executes this General Release to revoke his or her waiver of any ADEA claims by providing written notice of the revocation to the Company, as provided in Section 12 of the Employment Agreement.
		

		
			9.          Capitalized terms used but not defined in this General Release have the meanings ascribed to such terms in the Employment Agreement.
		

		
			10.        This General Release may be executed by the parties in one or more counterparts, each of which shall be an original and all of which shall together constitute one and the same instrument.  Each counterpart may be delivered by facsimile transmission or e-mail (as a .pdf, .tif or similar un-editable attachment), which transmission shall be deemed delivery of an originally executed counterpart hereof.
		

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

			
					
						 

					
					
						ARALEZ PHARMACEUTICALS INC.:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Adrian Adams             Dec 15, 2017

				
	
					
						 

					
					
						Name: 

					
					
						Adrian Adams

				
	
					
						 

					
					
						Title: 

					
					
						Chief Executive Officer

				

		
			 
		

		
			
		

		

		 

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						POZEN, Inc.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Eric L. Trachtenberg     12/12/17

				
	
					
						 

					
					
						Name: 

					
					
						Eric L. Trachtenberg

				
	
					
						 

					
					
						Title: 

					
					
						Corporate Secretary

				

		
			 
		

		
			 
		

			
					
						 

					
					
						EXECUTIVE:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						/s/ Scott J. Charles

				
	
					
						 

					
					
						Name: 

					
					
						Scott J. Charles

				
	
					
						 

					
					
						Address:

					
					
						152 South Glen Road
Kinnelon, NJ 07405

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						12/12/17

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