Document:

EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT TO CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of June 4, 2015, is by and among PREMIER
HEALTHCARE ALLIANCE, L.P., a California limited partnership, PREMIER SUPPLY CHAIN IMPROVEMENT, INC., a Delaware corporation and PREMIER HEALTHCARE SOLUTIONS, INC., a Delaware corporation (each individually, a
“Borrower” and collectively, the “Co-Borrowers”), PREMIER SERVICES, LLC, a Delaware limited liability company (“Holdings”), the other Guarantors (as hereinafter defined) party hereto, the
Lenders (as defined below) party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent (the “Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings
ascribed thereto in the Credit Agreement (as defined below). 
 W I T N E S S E T H 

WHEREAS, the Co-Borrowers, Holdings, certain Subsidiaries of Holdings party thereto (together with Holdings, the
“Guarantors”), certain banks and financial institutions (the “Lenders”) and the Administrative Agent are parties to that certain Credit Agreement dated as of June 24, 2014 (as amended, modified, extended,
restated, replaced, or supplemented from time to time prior to the date hereof, the “Credit Agreement”); 
 WHEREAS,
the Co-Borrowers have requested that the Required Lenders amend certain provisions of the Credit Agreement; and 
 WHEREAS, the
Required Lenders are willing to make such amendments to the Credit Agreement, in accordance with and subject to the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

AMENDMENTS TO CREDIT AGREEMENT 

1.1 Amendment to Definition of Change of Control. Clause (e) contained in the definition of Change of Control set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 (e) during
any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of Premier, Inc. cease to be composed of individuals (i) who were members of that board or equivalent governing body on
the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing body. 

 ARTICLE II 

CONDITIONS TO EFFECTIVENESS 

2.1 Closing Conditions. This Amendment shall become effective as of the day and year set forth above (the “Amendment
Effective Date”) upon receipt by the Administrative Agent of a copy of this Amendment duly executed by the Co-Borrowers, the Guarantors, the Required Lenders and the Administrative Agent. 

ARTICLE III 

MISCELLANEOUS 
 3.1
Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby
or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms. 

3.2 Representations and Warranties of Loan Parties. Each Loan Party represents and warrants as follows: 

(a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 

(b) This Amendment has been duly executed and delivered by such person and constitutes such person’s legal, valid and
binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’
rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 

(c) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental
authority or third party is required in connection with the execution, delivery or performance by such person of this Amendment. 

(d) The representations and warranties set forth in Article V of the Credit Agreement are (i) with respect to
representations and warranties that contain a materiality qualification, true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification, true and correct in all material respects, in
each case as of the date hereof (except for those which expressly relate to an earlier date). 
 (e) After giving effect to
this Amendment, no event has occurred and is continuing which constitutes a Default or Event of Default. 
 (f) The
Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims. 
 3.3
Reaffirmation of Obligations; No Waiver. Each Loan Party hereby ratifies the Loan Documents to which it is a party and acknowledges and reaffirms (a) that it is bound by all terms of the Loan Documents applicable to it and
(b) that it is responsible for the observance and full performance of its Obligations. 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 any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

 3.4 Loan Document. This Amendment shall constitute a Loan Document under the terms
of the Credit Agreement. 
 3.5 Expenses. The Loan Parties agree to pay all reasonable and properly-documented actual
out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including the reasonable and properly-documented actual fees and expenses of legal counsel for the
Administrative Agent. 
 3.6 Further Assurances. Each Loan Party agrees to promptly take such action, upon the request of the
Administrative Agent, as is reasonably necessary to carry out the intent of this Amendment. 
 3.7 Entirety. This Amendment
and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 

3.8 Counterparts; Telecopy. 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 constitute one and the same instrument. Delivery of an executed counterpart to this Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a
representation that an original will be delivered. 
 3.9 No Actions, Claims, Etc. As of the date hereof, each Loan Party
hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent or the Administrative Agent’s
officers, employees, representatives, agents, counsel or directors arising from any action by such persons, or failure of such persons to act under the Credit Agreement on or prior to the date hereof. 

3.10 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 3.11 Successors and
Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

3.12 Consent to Jurisdiction; Service of Process; Waiver of Jury Trial. The jurisdiction, service of process and waiver of jury
trial provisions set forth in Sections 10.14 and 10.15 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date
first above written. 
  

							
	CO-BORROWERS:
		
			PREMIER HEALTHCARE ALLIANCE, L.P., a California limited partnership
			
			By:		PREMIER SERVICES, LLC, its general partner
			
			By:		 /s/ Craig McKasson

					Name:		Craig McKasson
					Title:		Chief Financial Officer
		
			PREMIER SUPPLY CHAIN IMPROVEMENT, INC., a Delaware corporation
			PREMIER HEALTHCARE SOLUTIONS, INC., a Delaware corporation
			
			By:		 /s/ Craig McKasson

					Name:		Craig McKasson
					Title:		Chief Financial Officer

 
					
	GUARANTORS:
		
			PREMIER PHARMACY BENEFIT MANAGEMENT, LLC,
			a Delaware limited liability company
			PREMIER SERVICES, LLC,
			a Delaware limited liability company
			PROVIDER SELECT, LLC,
			a Delaware limited liability company
			NS3 HEALTH, LLC,
			a Florida limited liability company
			NS3 SOFTWARE SOLUTIONS, LLC,
			a Florida limited liability company
			COMMCARE PHARMACY - FTL, LLC,
			a Florida limited liability company
			COMMCARE PHARMACY - WPB, LLC,
			a Florida limited liability company
			COMMCARE PHARMACY - MIA, LLC,
			a Florida limited liability company
			MEDDIUS, L.L.C.,
			a Virginia limited liability company
			PREMIER MARKETPLACE, LLC,
			a Delaware limited liability company
			MEMDATA, LLC,
			a Texas limited liability company
			SVS LLC,
			a Maryland limited liability company
			APEREK, INC.,
			a North Carolina corporation
			THERADOC, INC.,
			a Delaware corporation
			
			By:		 /s/ Craig McKasson

			Name:		Craig McKasson
			Title:		Chief Financial Officer
		
			SYMMEDRX, LLC,
			a Kansas limited liability company
			
			By:		 /s/ Craig McKasson

			Name:		Craig McKasson
			Title:		Treasurer

 ADMINISTRATIVE AGENT: 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and as a Lender
		
	By:		 /s/ Matt Olson

	Name:		 Matt Olson

	Title:		 Vice President

 LENDERS: 
  

			
	Bank of America, N.A., as a Lender
		
	By:		 /s/ Suzanne B. Smith

	Name:		 Suzanne B. Smith

	Title:		 Senior Vice President

 LENDERS: 
  

			
	SUNTRUST BANK, as a Lender
		
	By:		 /s/ Jared Cohen

	Name:		 Jared Cohen

	Title:		 Vice President

 LENDERS: 
  

			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:		 /s/ Alice Lee

	Name:		 Alice Lee

	Title:		 Authorized Signatory

 LENDERS: 
  

			
	KeyBank National Association, as a Lender
		
	By:		 /s/ Meghan Starr

	Name:		 Meghan Starr

	Title:		 Vice President

 LENDERS: 
  

			
	JPMORGAN CHASE BANK N.A., as a Lender
		
	By:		 /s/ Patrick S. Thornton

	Name:		 Patrick S. Thornton

	Title:		 Executive Director

 LENDERS: 
  

			
	CITIBANK, N.A., as a Lender
		
	By:		 /s/ Patricia Guerra Heh

	Name:		 Patricia Guerra Heh

	Title:		 Vice President

 LENDERS: 
  

			
	U.S. BANK NATIONAL ASSOCIATION as a Lender
		
	By:		 /s/ Joseph M. Schnorr

	Name:		 Joseph M. Schnorr

	Title:		 Senior Vice President

 LENDERS: 
  

			
	Fifth Third Bank, as a Lender
		
	By:		 /s/ John McChesney

	Name:		 John McChesney

	Title:		 Officer

 LENDERS: 
  

			
	Northern Trust, as a Lender
		
	By:		 /s/ John C. Canty

	Name:		 John C. Canty

	Title:		 Senior Vice PresidentEX-10.1

 Exhibit 10.1 
  

 
 January 6, 2014 
 Mr.
David Kimbell 
 Dear Dave, 
 We are very delighted to offer
you a position with ULTA Inc. (“ULTA” or the “Company”). Below please find a summary of the employment offer. 
 Position: Chief
Marketing Officer 
 Reporting Relationship: In this position, you will report to Mary Dillon, Chief Executive Officer. 

Start Date / Position: Your start date will be no later than February 3, 2014. On your start date, you will need to provide documentation of your
eligibility to work in the United States. Please bring 2 pieces of identification (i.e., driver’s license, social security card, or passport) on your first day of employment.  

New hire orientation is at 8:30 am on your first day at our offices located at 1000 Remington Blvd., Suite 120, Bolingbrook, IL 60440. 

Salary: Your annualized salary will be $457,000, less applicable taxes and deductions, payable bi-weekly. You will receive a mid-year
performance review at approximately 6 months into the Company’s 2014 fiscal year. You will be eligible for consideration during the Company’s annual merit review cycle in March, 2014. Future salary increases will be based on demonstrated
job performance and in accordance with the Company merit increase policy and practice in effect at that time. 
 Bonus: Your annual target bonus for
this position is 50% of your base salary with a maximum payout opportunity of 250% of your target bonus as described in the attached bonus plan summary document. You will be eligible to participate in the ULTA bonus plan for fiscal year 2014
beginning on your start date. Your bonus will be payable based on achievement of our 2014 earnings goal(s) and awarded at the same time bonuses are paid to other senior executives of the Company in the first quarter of 2015. Incentive bonus plans
are established by the Board on an annual basis. Bonus payouts, which are subject to Board approval and your continued employment, are earned based on the achievement of the Company’s earnings goal(s).  

New Hire Cash Award: You will receive a cash signing bonus totaling $280,000, less applicable taxes and deductions, to be paid in two equal
installments as follows: $140,000 on the Company’s next scheduled payroll date following your start date. You will receive an additional cash payment totaling $140,000 on March 15, 2014 or the Company’s next scheduled
payroll date (if such payroll date is not March 15, 2014), provided you continue to be employed by ULTA on such date. 

 Initial Equity Grant: A total equity amount of $ 888,205 of value will be granted on the date
of the Company’s next open trading window which we estimate will be March 18, 2014. All equity grants are subject to the provisions contained in the applicable plan and grant agreement. This grant shall consist of the following: 

Replacement Restricted Stock Units – You will be granted restricted stock units (“RSUs”) with a grant date value equal to
$ 438,205. The number of RSUs actually granted will be determined by dividing the value of the grant by the closing share price on the date of grant. The RSUs will vest as follows: 

 

	 	•	 	Group 1: $ 204,459 (in value on the grant date) on April 1, 2014; and. 

  

	 	•	 	Group 2: $ 233,746 (in value on the grant date) on April 1, 2015. 

Group 1 Replacement Restricted Stock Units will fully vest and become payable before April 1, 2014 if your employment is
terminated by reason of death, disability or by the Company without Cause. For this purpose “Cause” shall mean, as determined in the sole discretion of the Compensation Committee of Ulta, the (i) commission of a felony;
(ii) dishonesty or misrepresentation involving the Company; (iii) serious misconduct in the performance or non-performance of your responsibilities to the Company (e.g., gross negligence, willful misconduct, gross insubordination or
unethical conduct) or (iv) violation of any material condition of your employment. 
 New Hire Equity Awards – You will be
granted equity compensation with a grant date value of $ 450,000, to be delivered as follows: 
  

	 	•	 	85% in stock options – You will be granted stock options with a grant date value of $ 382,500. The number of options granted to you will be determined by dividing $3 382,500 by the number
derived from applying the option valuation methodology that the Company uses for financial reporting purposes as set forth in its 10-K but using the closing stock price on the date of grant. The exercise price will be the closing stock price on the
date of grant. The options will vest ratably over 4 years with vesting commencing on the first anniversary of the grant date. 

  

	 	•	 	15% in RSU’s – You will be granted restricted stock units equal to $ 67,500 divided by the closing share price on the date of grant. The restricted stock units vest on third anniversary of
the grant date. 

 Long Term Incentive Program: You will be eligible to participate in the Company’s long term incentive program
(LTIP) beginning in 2014 at the same time and in the same form as grants are made to other executives. Your annual LTI will have a grant date fair value targeted to 65% of your base salary at the time of the award.  

Involuntary Separation from Service: If you are involuntarily separated from the Company for reasons other than cause, you will be eligible to receive
a termination settlement payment based upon the Company practice in place at that time generally applicable to your job level in the Company, provided that you execute a termination settlement agreement and general release at time of termination.

  
 2 

 Benefits: ULTA Inc. offers: 
  

	 	•	 	Health insurance, including prescription, dental and vision coverage 

  

	 	•	 	Flexible spending accounts for health and dependent care, 

  

	 	•	 	Basic life insurance, 

  

	 	•	 	Additional optional life insurance, 

  

	 	•	 	Accidental death and dismemberment insurance, 

  

	 	•	 	Short term disability insurance, 

  

	 	•	 	Additional optional long term disability insurance, 

  

	 	•	 	Employee assistance program, 

  

	 	•	 	Employee discounts, 

  

	 	•	 	A 401K plan 

  

	 	•	 	A deferred compensation plan (subject to eligibility). 

 You are eligible for ULTA’s benefits on the 1st
day of employment. You are eligible for 401(k) enrollment and paid time off on the 1st day of the month following 60 days of employment. To enroll in your benefits, you will log onto the Benefits website at
www.ultabenefits.bswift.com to elect your benefits on or after your first day of active employment. To obtain your user name and password you must contact the bSwift Customer Service Center at 877-238-0246. 

Vacation: Vacation accrual begins with your first day of employment and will be accrued according to the Company’s normal vacation policy. You may
accrue up to 4 weeks of vacation per fiscal year. 
 This offer is contingent on the results of the pre-employment drug test and background investigation
and your confirmation that you are not subject to a non-compete or any other restrictions on your ability to work for ULTA. As a condition of employment and in consideration of your new hire cash awards and your replacement restricted stock units
you will be required to execute the Company’s Confidential Information and Protective Covenant Agreement and comply with the Company’s ethics guidelines, conflict of interest policies and its Code of Business Conduct (which are also
attached). 
 By signing this offer, you are also affirming that you have not taken any of your prior employer’s confidential or proprietary
information, and that, during the course of your employment with ULTA, you will not disclose, use or rely upon any of your prior employer’s confidential or proprietary information. 

You are an at-will employee. Neither this letter, nor any other policy, procedure, practice or form shall be construed as a contract concerning your
employment with us. We hope your employment with us will be mutually beneficial. We recognize however that needs and circumstances change. Accordingly, either you or ULTA can terminate your employment at any time and for any reason. 

We are pleased to offer you a position with ULTA Inc. and look forward to working with you. We know you will contribute greatly to our organization, and will
find the position to be a most challenging one. 

  
 3 

 After reviewing this offer as stated here, please sign one copy of this letter and return it in the enclosed
self-addressed stamped envelope. The other copy is for your records. 
 Sincerely, 

	
	
	/s/ Mary N. Dillon
	 Mary Dillon
 Chief Executive
Officer

  
  

	
	
	/s/ Richard Kimbell
	Richard Kimbell

  
 4

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