Document:

Exhibit 10.1

  

  

   

        

  AGREEMENT FOR SEVERANCE BENEFITS AND

  FOR RELEASE, WAIVER AND NONDISCLOSURE

  

  

  WHEREAS, heretofore Michael Benkel is or has been an employee of Pier 1 Services Company;

  

  

  WHEREAS, the employment relationship between Michael Benkel and Pier 1 Services Company has been discontinued effective
      March 18, 2019;

  

  

  WHEREAS, severance benefits will benefit Michael Benkel during the transition following discontinuation of his employment;

  

  

  WHEREAS, it is a common practice in business today for a former employee who is given severance benefits to release all
      claims and damages against the former employer;

  

  

  WHEREAS, Pier 1 Services Company has agreed to extend severance benefits to Michael Benkel, and in exchange, Michael Benkel
      has agreed to release and waive all claims and damages relating to his employment and the discontinuation thereof;

  

  

  WHEREAS, Michael Benkel represents that he has not assigned, sold, conveyed or transferred any claims of the type described
      in paragraph 2 below to third parties including, but not limited to, attorneys; and

  

  

  WHEREAS, Michael Benkel, on behalf of himself and his agents, assigns, relatives, spouse (if any) and related persons
      (hereinafter collectively referred to as “Associate”), and Pier 1 Services Company on behalf of itself and its parent(s), subsidiaries and affiliated companies (corporate and noncorporate), and on behalf of its and their directors, officers,
      employees, agents, representatives and related persons and entities (hereinafter collectively referred to as "Pier 1") wish to enter into this Agreement for Severance Benefits and for Release, Waiver and Nondisclosure (hereinafter referred to as
      "Agreement").

  

  

  NOW THEREFORE, in consideration of the mutual covenants, warranties and undertakings set forth herein, Associate and Pier 1
      agree as follows:

  

  

  1.            By executing this Agreement, Associate (subject to his right to revoke or rescind this Agreement during the Revocation Period [as defined below] and the provisions herein), hereby agrees to accept a cash severance in the amount of $277,810.77 (less applicable taxes and withholding amounts) to be paid within ten (10) days after the Revocation Period. The cash severance
        amount consists of  thirty-six weeks base pay in the amount of $249,230.77, 12-months of COBRA reimbursement in the amount of $22,080.00 and the waived placement service fee in the amount of $6,500.00. 

  

  

  By executing this Agreement, Pier 1 agrees to tender said amount as set forth above after the expiration of the Revocation
      Period as described above; provided that , Associate executes this Agreement within the time period stated in paragraph 16 below and does not revoke or rescind this Agreement during the Revocation Period.

   

  

  
    	
            Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

            

          	
            Page 1

            

          

  

  
    
      

  

  2.            Associate hereby irrevocably and unconditionally releases Pier 1 from any and all claims and causes of action, known or unknown, and recoverable damages (including claims for statutory attorney's
      fees), relating to or arising in any way from Associate's employment with Pier 1 and the discontinuation of such employment.  Associate hereby waives all claims and causes of action against Pier 1 and all damages, if any, that may be recoverable,
      including the recovery of statutory attorney’s fees.  This release and waiver of all claims and damages includes, but is not limited to, all claims, losses, liabilities, obligations and causes of action, known and unknown, arising out of, connected
      with, or relating to: (i) Associate’s employment; (ii) Pier 1’s refusal or failure to continue Associate’s employment; or (iii) the discontinuation of Associate’s employment, including, but not limited to, claims for compensation, commissions,
      bonuses, stock options, other wages and benefits, breach of contract, wrongful termination, impairment of economic opportunity, intentional infliction of emotional distress, claims based on personal injury, work-related accident, any breach of
      implied or express covenant of good faith and fair dealing, violation of public policy, or any other contract, tort or personal injury claim, or claim based on any municipal, state or federal statute, regulation or ordinance relating to employment,
      employment discrimination or retaliation, including but not limited to Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000 et seq.; The Civil Rights Act of 1866, as amended, 42 U.S.C. § 1981; The Civil Rights Act of 1991, as
      amended, 42 U.S.C. § 1981a; The Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621 et seq.; Americans With Disabilities Act, as amended, 42 U.S.C. § 12101 et seq.; Fair Labor Standards Act, as amended, 29 U.S.C. § 201, et seq.;
      Equal Pay Act, as amended, 29 U.S.C. § 201 et seq.; National Labor Relations Act, as amended, 29 U.S.C. § 151 et seq.; Worker Adjustment and Retraining Notification Act, as amended, 29 U.S.C. § 2101 et seq., Employee Retirement Income Security Act,
      as amended, 29 U.S.C. § 1000 et seq.; Family and Medical Leave Act, as amended, 29 U.S.C. § 2601, et seq.; claims under workers' compensation laws (except the right to file a claim for and receive workers’ compensation benefits); or any other
      statute, rule, regulation, ordinance, or common civil or other law, or judicial or administrative interpretation whether promulgated by Federal, State, local or other jurisdiction or political subdivision.  This Agreement extinguishes any potential
      monetary recovery from any contracts or claims Associate may have relating to Associate’s employment with Pier 1 and the discontinuation of Associate’s employment.

  

  

  3.            Intentionally Deleted.

  

  

  4.            This Agreement does not prohibit, release or waive Associate's rights as an employee (i) to any vested benefits under a benefit plan which by its terms specifically provides for the vesting of
      benefits, (ii) to convert any insured benefits under an employee benefit plan to the extent the plan allows conversion, or (iii) to maintain Associate’s medical insurance in force as provided by the Comprehensive Omnibus Budget Reconciliation Act of
      1985 (COBRA), or (iv) to file or otherwise institute, participate or cooperate in any investigation, charge and/or claim with Congress or a federal, state, or local government agency.

  

  

  5.            It is expressly understood and agreed that this Agreement is not and shall not be construed as an admission of liability on the part of Pier 1, and any such admission is expressly denied.

  

  

  6.            Associate represents and warrants that as of March 18, 2019 he has returned all property, equipment, documents and other tangible things, including keys, cell phones,
      pagers, corporate credit cards, and laptops or other computers of which are the property of Pier 1, or if Associate has failed to do so, Associate agrees to do so immediately upon finding any such items in their possession.

  
     

    

    
      	
              Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

              

            	
              Page 2

              

            

    

  

  
    
      

  

  7.            Associate acknowledges that during Associate’s employment with Pier 1, Associate has been given access to and use of trade secrets, proprietary data, or other confidential
      information, which were developed at considerable effort and expense, and which if acquired by competitors of Pier 1 would give them an unfair business advantage.  Associate understands and agrees that this information, if used by or disclosed to
      anyone but Pier 1 and its employees with a need to know, will place Pier 1 at a competitive disadvantage.  Associate further acknowledges that he has not used or disclosed such trade secrets, proprietary data, or other confidential information during
      their employment with Pier 1, except as authorized in writing by Pier 1 or in the normal exercise of their job duties for the benefit of Pier 1.

  

  

  In further consideration for the above-recited covenants, promises and statements of understanding between the parties,
      including the payment described in Paragraph 1 of this Agreement, to which Associate is otherwise not entitled, Associate agrees that he shall not, without the prior express written consent of Pier 1, directly or indirectly communicate or disclose,
      or use for their benefit or the benefit of any other person, firm, association, or corporation, any of Pier 1’s trade secrets, proprietary data or other confidential information, which trade secrets, proprietary data and other confidential
      information were communicated to or otherwise learned or acquired by Associate during Associate’s employment relationship with Pier 1, except that Associate may disclose such matters to the extent that disclosure is required (a) at Pier 1’s direction
      or (b) by a lawful order of a court or other governmental agency of competent jurisdiction.  For so long as such matters remain trade secrets, proprietary data, or other confidential information, Associate agrees that he will not use such trade
      secrets, proprietary data, or other confidential information in any way or in any capacity other than as expressly consented to by Pier 1.

  

  

  Nothing in the above paragraph shall be construed to restrict Associate from using Associate’s general knowledge, skills,
      and experience acquired during Associate’s employment with Pier 1 in future employment whether or not such employment is with a direct competitor of Pier 1.

  

  

  Such trade secrets, proprietary data, or other confidential information include, but are not limited to, the
      following: information concerning strategic marketing plans or product development plans; cost or pricing information; vendor or supplier information; business plans or methods; customer lists or data; information regarding proposed joint ventures,
      mergers, acquisitions, and other such anticipated or contemplated business ventures of Pier 1; projects, whether completed, in progress, or only contemplated; real estate plans and strategy; investment opportunities and other information related to
      investments of Pier 1, whether past, present or future; confidential financial information; financial planning and analysis modeling and methodology; intellectual property; financial accounting and reporting; tax planning and strategy; personnel
      information; ideas; discoveries; designs; inventions; improvements; know-how; writings and other works of authorship; computer programs; accounting information; lists; analyses; studies; technology; programs; flow charts; information regarding
      products or techniques;  strategies; or, any other business information that relates in any manner to the actual or anticipated business of Pier 1, and which Pier 1 has not intentionally disclosed to its competitors or to the general public.

  
     

    

    
      	
              Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

              

            	
              Page 3

              

            

    

  

  
    
      

  

  The obligations set forth herein shall be in addition to any other confidentiality obligations that Associate may have to
      Pier 1.

  

  

  8.            Associate agrees that the terms of this Agreement shall be confidential.  Associate agrees that he will not disclose the terms to anyone other than their spouse, attorney, accountant, financial
      planner, or tax advisor, without Pier 1’s prior written approval, except as may be required by law and/or court order.  Associate agrees that he will not disclose the terms of this Agreement to their spouse, attorney, accountant, financial planner,
      or tax advisor unless the receiving party agrees to abide by the confidentiality provisions of this Agreement, and the Associate agrees to be responsible for any breach of confidentiality by their spouse, attorney, accountant, financial planner
      and/or tax advisor.  If Associate receives a request pursuant to applicable law to disclose the existence or terms of this Agreement, Associate agrees that he will promptly notify Pier 1’s Legal Department to enable Pier 1 to seek a protective order
      or other appropriate remedy prior to any disclosure being made by Associate.

  

  

  9.            Associate shall not make any untrue, misleading, or disparaging statements, or comments concerning Pier 1 to any nongovernmental entity.  The commitments in this paragraph and in other paragraphs
      of this Agreement will not limit or prohibit Associate from testifying truthfully or providing truthful information in connection with any pending or threatened legal proceeding.  Further, nothing in this paragraph or in any other paragraph of this
      Agreement prohibits Associate from reporting possible violations of federal, state, or local law or regulation to any governmental agency or entity, including, but not limited to, the United States Department of Justice, the Securities and Exchange
      Commission, Congress, and/or any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions or other provisions of federal, state, or local law or regulation. Associate does not need the prior
      authorization of Pier 1 to make any such reports or disclosures and Associate is not required to notify Pier 1 that he has made such reports or disclosures.

  

  

  10.            In order to protect the goodwill Company has with its associates and the confidential information Associate had access to about Company associates, Associate agrees that for the
      twelve (12) months immediately following his execution of this Agreement, he will not, directly or indirectly, solicit, recruit, hire or recommend for hire, any individual who was employed by Company (or its affiliates) during Associate’s employment
      with the Company with whom Associate had any contact with or that Associate had access to that Company’s information maintained on its associates during his employment with Company.

  

  

  11.            Associate agrees to cooperate with Pier 1 at such reasonable times and places as may be reasonably requested, and to provide all information that may be reasonably requested with
      respect to any matter involving Associate’s present or former relationship with Pier 1, the work Associate performed for Pier 1, or present or former employees, so long as such requests do not unreasonably interfere with any other job or significant
      personal activity in which Associate is engaged. This specifically includes Associate’s assistance in regulatory inquiries, investigations and litigation matters, including depositions and/or court appearances in connection therewith, which may
      include appearances in other states. Pier 1 will make every effort to schedule these matters at times and locations convenient for Associate should these matters arise. Pier 1 will reimburse Associate for reasonable expenses, such as telephone,
      travel, lodging, and meal expenses Associate incurs at the request of Pier 1, consistent with Pier 1’s generally applicable policies for employee expenses.

  
     

    

    
      	
              Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

              

            	
              Page 4

              

            

    

  

  
    
      

  

  12.            This Agreement is not assignable, renewable, may not be modified, and may not be extended beyond the period described below, except by a written document signed by Associate and
      the Senior Vice President‐Human Resources of Pier 1 Services Company.

  

  

  13.            This Agreement represents and encompasses the entire agreement between the parties and supersedes all prior and contemporaneous (whether written or oral) negotiations,
      representations, agreements and understandings.

  

  

  14.            This Agreement shall be governed by the laws of the State of Texas.  Should a lawsuit be filed to enforce the terms of this Agreement, venue shall lie exclusively in the courts
      located in Tarrant County, Texas.

  

  

  15.            It is the intention of the parties that neither this Agreement nor any part thereof is admissible in any administrative or judicial proceeding other than one to enforce the terms
      of this Agreement.

  

  

  16.            Associate represents and acknowledges that he is being given at least twenty-one (21) days to consider this Agreement before signing it, and further, that he is advised in writing
      to consult with an attorney before signing it.

  

  

  17.            Associate may revoke or rescind this Agreement during the seven (7) day period following the date of execution of this Agreement by Associate (the "Revocation Period").  This
      Agreement shall not become effective nor enforceable during the Revocation Period.  Should Associate decide to revoke or rescind this Agreement during the Revocation Period, then they must do so by serving written notice to Pier 1 Services Company,
      by facsimile at _______, Attn: Legal Department.

  

  

  18.            Associate acknowledges that the injury Pier 1 will suffer in the event of Associate’s breach of any covenant or agreement set forth in Paragraphs 7, 8, 9 or 10 herein cannot be
      compensated by monetary damages alone, and Associate therefore agrees that Pier 1, in addition to and without limiting any other remedies or otherwise, shall have the right to obtain an injunction against Associate.

  

  

  19.            Should any clause, sentence, provision, paragraph or part of this Agreement for any reason whatsoever, be adjudged by any court of competent jurisdiction, or be held by any other
      competent authority having jurisdiction, to be invalid, unenforceable, or illegal, such judgment or holding shall be confined in its operation to the clause, sentence, provision, paragraph or part of this Agreement directly involved, and the
      remainder of this Agreement shall remain in full force and effect.

  

  

  20.            Associate represents that he fully understands that he may consult with their personal attorney regarding this Agreement and have done so to the extent, if at all, that he deems
      appropriate. Associate warrants that he has had a reasonable period of time to review this Agreement, that he has carefully read and fully understand all of the provisions and effects of this Agreement and that he has voluntarily executed it in the
      space provided below.  Associate further warrants and represents that the severance benefit described in this Agreement is an exchange of consideration or value to which Associate is not otherwise entitled.

  
     

    

    
      	
              Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

              

            	
              Page 5

              

            

    

     

  
    
      

  

  21.            If Associate should breach any term of the Agreement, any delay by Pier 1 in enforcing the Agreement shall not be deemed a waiver or acceptance.  No waiver shall bind Pier 1
      unless supported by consideration, executed in writing by the party to be bound, and delivered by an authorized officer or agent.

  

  

  22.            Associate hereby resigns effective March 18, 2019, as an officer of any entity within the
      definition of Pier 1 for which he serves.

  

  

  23.            This Agreement shall be fairly construed based on its language and without regard to the author of the language.

  

  

   

  

  
    	 	
             

          	 	
            
              Pier 1 Services Company

              a Delaware statutory trust

            

          
	 	
             

          	 	
            By: Pier 1 Holdings, Inc., its managing trustee and a Delaware corporation

          
	 	
             

          	 	
             

          	
             

          
	/s/ Michael Benkel	 	
             

          	
             

          
	
            Michael Benkel

          	 	
             

          	
             

          
	 	
             

          	 	
            By:

          	 	
            /s/ Christine C. Murray

          
	 	
             

          	 	
            Printed Name: Christine C. Murray

          
	 	
             

          	 	
            Its: S.V.P. – Human Resources and CHRO

          
	 	
             

          	 	
             

          	
             

          
	 	
             

          	 	
             

          	
             

          
	 	
             

          	 	
             

          	
             

          
	Date:	
            3/31/2019

          	 	
            Date:

          	 	
            4/1/2019

            

          

  

  

  

  
     

    

    
      	
              Agreement for Severance Benefits and for Release, Waiver and Nondisclosure

              

            	
              Page 6Exhibit 10.1

 

Execution Version

 

AMENDMENT No. 5, dated as of April 8, 2019 (this “Amendment”), among CONCENTRA INC., a Delaware corporation (as successor by merger to MJ Acquisition Corporation) (the “Borrower”), the several banks and other financial institutions or entities from time to time party to the Credit Agreement as Lenders (the “Lenders”), JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) and Collateral Agent (the “Collateral Agent”) and, solely with respect to the last sentence of Section 8, Concentra Holdings, Inc. and the Guarantors set forth on Schedule I annexed hereto, to the First Lien Credit Agreement dated as of June 1, 2015 (as amended by Amendment No. 1, dated as of September 26, 2016, Amendment No. 2, dated as of March 20, 2017, Amendment No. 3, dated as of February 1, 2018 and Amendment No. 4, dated as of October 26, 2018, and as further amended, modified and supplemented from time to time prior to the date hereof, the “Credit Agreement”, and the Credit Agreement, as amended by this Amendment, the “Amended Credit Agreement”); capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement.

 

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may obtain a Revolving Commitment Increase by entering into an Additional Credit Extension Amendment with the Additional Lender (as defined below);

 

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may extend the maturity date of the Revolving Commitments by entering into an Additional Credit Extension Amendment with the Revolving Lenders providing such extension;

 

WHEREAS, this Amendment is permitted with the consent of the Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender, the Additional Lender and each other Revolving Lender;

 

WHEREAS, pursuant to Section 2.20 of the Credit Agreement, the Credit Agreement may, without the consent of any other Loan Party, Agent or Lender, be amended as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of Section 2.20 of the Credit Agreement;

 

WHEREAS, pursuant to Section 2.21 of the Credit Agreement, the Credit Agreement may, without the consent of any other Loan Party, Agent or Lender except as signatory hereto, be amended to incorporate the terms of the Extended Revolving Commitments with the consent of the Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender, the Additional Lender and each other Revolving Lender;

 

NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

 

Section 1.                                           Agreements of the Additional Lender.  Bank of America, N.A., as the Additional Lender (the “Additional Lender”) (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment; (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent and each other Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent or such other Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will be bound by the provisions of the Credit Agreement as a Lender thereunder and perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.

 

The Additional Lender hereby commits to provide its respective Revolving Commitment Increase as set forth on Schedule II annexed hereto.  Such Revolving Commitment Increase shall be subject to the provisions of the Credit Agreement and the other Loan Documents and shall constitute Revolving Commitments thereunder.  In addition, Schedule 2.01 to the Credit Agreement, as revised and amended to reflect the Revolving Commitment Increase pursuant to this Amendment, is attached as Schedule 2.01 hereto.

 

Section 2.                                           Amendments to Credit Agreement.  Effective as of the Amendment No. 5 Effective Date, the Credit Agreement is hereby amended as follows:

 

The definition of “Revolving Maturity Date” as set forth in Section 1.01 of the Credit Agreement shall be amended and restated in its entirety as follows:

 

“Revolving Maturity Date” means June 1, 2021.

 

Section 3.                                           Representations and Warranties, No Default.  The Borrower hereby represents and warrants that as of the Amendment No. 5 Effective Date, both immediately prior to and immediately after giving effect to the Amendment No. 5 transactions to occur on the Amendment No. 5 Effective Date, (i) no Event of Default or Default has occurred under the Amended Credit Agreement and is continuing and (ii) the representations and warranties of the Borrower and each Loan Party contained in the Amended Credit Agreement and each other Loan Document are true and correct in all material respects as of the Amendment No. 5 Effective Date; provided that the solvency representation will be deemed to have been made as of the Amendment No. 5 Effective Date immediately after giving effect to the effectiveness of Amendment No. 5; provided, further, that to the extent that such representations and warranties specifically relate to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates.

 

Section 4.                                           Effectiveness.  This Amendment shall become effective on the date (such date, if any, the “Amendment No. 5 Effective Date”) that the following conditions have been satisfied:

 

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(i)                  Execution of Amendment.  The Administrative Agent shall have received executed signature pages hereto from each Loan Party, the Additional Lender, the Issuing Bank, the Swingline Lender, each Revolving Lender and the Administrative Agent;

 

(ii)               Fees and Interest.  The Administrative Agent shall have received payment of all fees and expenses required to be paid or reimbursed to JPMorgan Chase Bank, N.A., as separately agreed between the Borrower and JPMorgan Chase Bank, N.A.;

 

(iii)            Extension Fee. The Administrative Agent shall have received from the Borrower for the account of and to be further distributed by the Administrative Agent to each Revolving Lender the extension fee separately agreed in writing between the Borrower and the Revolving Lenders;

 

(iv)           Officer’s Certificate. The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower dated the Amendment No. 5 Effective Date certifying as to the matters set forth in Section 3;

 

(v)            Legal Opinion. The Administrative Agent shall have received a favorable legal opinion dated the Amendment No. 5 Effective Date of Dechert LLP, as special New York counsel for the Loan Parties in form reasonably satisfactory to the Administrative Agent.

 

(vi)         KYC Information.  To the extent not previously delivered, the Administrative Agent and the Additional Lender shall have received (x) at least three (3) Business Days prior to the Amendment No. 5 Effective Date, all documentation and other information about the Borrower and the Subsidiary Loan Parties required under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, that has been requested by the Administrative Agent and the Additional Lender in writing at least 10 Business Days prior to the Amendment No. 5 Effective Date and (y) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, at least three (3) Business Days prior to the Amendment No. 5 Effective Date, a Beneficial Ownership Certification in relation to the Borrower; and

 

(vii)        Closing Certificates.  The Administrative Agent shall have received a certificate of the Responsible Officer of each Loan Party dated the Amendment No. 5 Effective Date and certifying:

 

(1)               (A) that attached thereto is a true and complete copy of the certificate or articles of incorporation, certificate of limited partnership, certificate of formation or other equivalent constituent and governing documents, including all amendments thereto, of such Loan Party, certified as of a recent date by the Secretary of State (or other similar official or Governmental Authority) of the jurisdiction of its organization or by the Secretary or Assistant Secretary or similar officer of such Loan Party or other person duly authorized by the constituent documents of such Loan Party or (B) that no amendment to the certificate or articles of incorporation, certificate of limited partnership, certificate of formation or other equivalent constituent and governing documents, including all amendments thereto, of such Loan Party, has been filed with the Secretary of State (or other similar official or Governmental Authority) of the jurisdiction of its organization since the foregoing was last provided to the Administrative Agent,

 

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(2)               that attached thereto is a true and complete copy of a certificate as to the good standing of such Loan Party as of a recent date from the Secretary of State (or other similar official or Governmental Authority) of the jurisdiction of its organization,

 

(3)               (A) that attached thereto is a true and complete copy of the bylaws (or partnership agreement, limited liability company agreement or other equivalent constituent and governing documents) of such Loan Party as in effect on the Amendment No. 5 Effective Date and at all times since a date prior to the date of the resolutions described in the following clause (4) or (B) that no amendment to the bylaws (or partnership agreement, limited liability company agreement or other equivalent constituent and governing documents) of such Loan Party has been made since the foregoing was last provided to the Administrative Agent,

 

(4)               that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors (or equivalent governing body) of such Loan Party, authorizing the execution, delivery and performance by such Loan Party of this Amendment and the execution, delivery and performance of each of the other Loan Documents required hereby and that such resolutions have not been modified, rescinded or amended and are in full force and effect on the Amendment No. 5 Effective Date, and

 

(5)               (A) as to the incumbency and specimen signature of each officer or authorized signatory executing this Amendment or any other Loan Document delivered in connection herewith on behalf of such Loan Party or (B) that no change to the incumbency and specimen signatures of such Loan Party has been made since the foregoing was last provided to the Administrative Agent;

 

Section 5.                                           Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

 

Section 6.                                           Applicable Law; Waiver of Jury Trial; Jurisdiction; Consent to Service of Process.  The provisions set forth in Sections 9.09 and 9.10 of the Amended Credit Agreement are hereby incorporated mutatis mutandis with all references to the “Agreement” therein being deemed references to this Amendment.

 

Section 7.                                           Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

Section 8.                                           Effect of Amendment.  Except as expressly set forth herein, (i) this Amendment shall not by implication or otherwise limit, impair, constitute a novation or waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or any other Agent, in each case under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document.  This Amendment shall constitute a Loan Document and an Additional Credit Extension Amendment for purposes of the Amended Credit Agreement and from and after the Amendment No. 5 Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to

 

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“this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Amended Credit Agreement.  The Borrower hereby consents to this Amendment and confirms that all obligations of the Borrower under the Loan Documents to which it is a party shall continue to apply to the Credit Agreement as amended hereby.  Each Guarantor hereby (i) acknowledges all of the terms and conditions of this Amendment and confirms that all of its obligations under the Loan Documents to which it is a party shall continue to apply to the Credit Agreement as amended hereby, and (ii) reaffirms, as of the date hereof, its guarantee of the Obligations under the Collateral Agreement, and its grant of Liens on the Collateral to secure the Obligations pursuant to the Security Documents to which it is a party.

 

[Signature pages follow]

 

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IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed and delivered by a duly authorized officer as of the date first written above.

 

	
 
    	
CONCENTRA INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CONCENTRA HOLDINGS, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
VALOR HEALTHCARE, INC.
    
	
 
    	
CONCENTRA HEALTH SERVICES, INC.
    
	
 
    	
CONCENTRA INTEGRATED SERVICES, INC.
    
	
 
    	
CONCENTRA OPERATING CORPORATION
    
	
 
    	
CONCENTRA SOLUTIONS, INC.
    
	
 
    	
NATIONAL HEALTHCARE RESOURCES, INC.
    
	
 
    	
CONCENTRAMARK, INC.
    
	
 
    	
ST. MARY’S MEDICAL PARK PHARMACY, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

 

	
 
    	
AMBULATORY CARE SOLUTIONS, LLC
    
	
 
    	
AMBULATORY CARE SOLUTIONS OF ARKANSAS, LLC
    
	
 
    	
AMBULATORY CARE SOLUTIONS OF OHIO LLC
    
	
 
    	
OCCUPATIONAL HEALTH + REHABILITATION LLC
    
	
 
    	
By: CONENTRA HEALTH SERVICES, INC.,
    
	
 
    	
its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CONCENTRA LABORATORY, L.L.C.
    
	
 
    	
 
    
	
 
    	
By: NATIONAL HEALTHCARE RESOURCES, INC.,
    
	
 
    	
its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

[Concentra — Amendment No. 5]

 

 

 

	
 
    	
U.S. HEALTHWORKS, INC.
    
	
 
    	
U.S. HEALTHWORKS MEDICAL GROUP OF ALASKA, L.L.C.
    
	
 
    	
USHW OF CALIFORNIA, INC.
    
	
 
    	
 
    
	
 
    	
U.S. HEALTHWORKS MEDICAL GROUP OF GEORGIA, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
U.S. HEALTHWORKS OF MINNESOTA, INC.
    
	
 
    	
U.S. HEALTHWORKS OF NEW JERSEY, INC.
    
	
 
    	
U.S. HEALTHWORKS MEDICAL GROUP OF OHIO, INC.
    
	
 
    	
U.S. HEALTHWORKS OF PENNSYLVANIA, INC.
    
	
 
    	
U.S. HEALTHWORKS OF TENNESSEE, INC.
    
	
 
    	
USHW OF TEXAS, INC.
    
	
 
    	
U.S. HEALTHWORKS OF WASHINGTON, INC.
    
	
 
    	
RUSHWINC PROPERTIES, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin F. Jackson
    
	
 
    	
 
    	
Name:
    	
Martin F. Jackson
    
	
 
    	
 
    	
Title:
    	
Executive Vice President
    

 

[Concentra — Amendment No. 5]

 

 

	
 
    	
JPMORGAN CHASE BANK, N.A.,
    
	
 
    	
 
    
	
 
    	
as Administrative Agent, Collateral Agent, a Revolving   Lender, Issuing Bank and Swingline Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Dawn Lee Lum
    
	
 
    	
 
    	
Name:
    	
Dawn L. LeeLum
    
	
 
    	
 
    	
Title:
    	
Executive Director
    

 

[Concentra — Amendment No. 5]

 

 

	
 
    	
BANK OF AMERICA, N.A., as the Additional Lender and a Revolving   Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matt Powers
    
	
 
    	
 
    	
Name:
    	
Matt Powers
    
	
 
    	
 
    	
Title:
    	
Director
    

 

[Concentra — Amendment No. 5]

 

 

 

	
 
    	
Credit Suisse AG, Cayman Islands Branch, as a Revolving Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Judith Smith
    
	
 
    	
 
    	
Name:
    	
Judith Smith
    
	
 
    	
 
    	
Title:
    	
Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lingzi Huang
    
	
 
    	
 
    	
Name:
    	
Lingzi Huang
    
	
 
    	
 
    	
Title:
    	
Authorized Signatory
    

 

[Concentra — Amendment No. 5]

 

 

	
 
    	
Deutsche Bank AG New York Branch, as a Revolving Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Yumi Okabe
    
	
 
    	
 
    	
Name:
    	
Yumi Okabe
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael Strobel
    
	
 
    	
 
    	
Name:
    	
Michael Strobel
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

[Concentra — Amendment No. 5]

 

 

	
 
    	
Wells Fargo Bank, National Association, as a Revolving Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kirk Tesch
    
	
 
    	
 
    	
Name:
    	
Kirk Tesch
    
	
 
    	
 
    	
Title:
    	
Managing Director
    

 

[Concentra — Amendment No. 5]

 

 

	
 
    	
Morgan Stanley Bank, N.A., as a Revolving Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael King
    
	
 
    	
 
    	
Name:
    	
Michael King
    
	
 
    	
 
    	
Title:
    	
Authorized Signatory
    

 

[Concentra — Amendment No. 5]

 

 

SCHEDULE I

TO AMENDMENT NO. 5

 

SUBSIDIARY LOAN PARTIES

 

	
1.
    	
Ambulatory Care Solutions, LLC
    
	
2.
    	
Ambulatory Care Solutions of Arkansas LLC
    
	
3.
    	
Ambulatory Care Solutions of Ohio LLC
    
	
4.
    	
Concentra Health Services, Inc.
    
	
5.
    	
Concentra Integrated Services, Inc.
    
	
6.
    	
Concentra Laboratory, L.L.C.
    
	
7.
    	
ConcentraMark, Inc.
    
	
8.
    	
Concentra Operating Corporation
    
	
9.
    	
Concentra Solutions, Inc.
    
	
10.
    	
National Healthcare Resources, Inc.
    
	
11.
    	
Occupational Health + Rehabilitation LLC
    
	
12.
    	
RUSHWINC PROPERTIES, INC.
    
	
13.
    	
St. Mary’s Medical Park Pharmacy, Inc.
    
	
14.
    	
U.S. HEALTHWORKS, INC.
    
	
15.
    	
U.S. HEALTHWORKS MEDICAL GROUP OF ALASKA, L.L.C.
    
	
16.
    	
USHW OF CALIFORNIA, INC.
    
	
17.
    	
U.S. HEALTHWORKS MEDICAL GROUP OF GEORGIA, INC.
    
	
18.
    	
U.S. HEALTHWORKS OF MINNESOTA, INC.
    
	
19.
    	
U.S. HEALTHWORKS OF NEW JERSEY, INC.
    
	
20.
    	
U.S. HEALTHWORKS MEDICAL GROUP OF OHIO, INC.
    
	
21.
    	
U.S. HEALTHWORKS OF PENNSYLVANIA, INC.
    
	
22.
    	
U.S. HEALTHWORKS OF TENNESSEE, INC.
    
	
23.
    	
USHW OF TEXAS, INC.
    
	
24.
    	
U.S. HEALTHWORKS OF WASHINGTON, INC.
    
	
25.
    	
Valor Healthcare, Inc.
    

 

 

SCHEDULE II

TO AMENDMENT NO. 5

 

	
Additional Lender
    	
 
    	
Total
    	
 
    
	
Bank of America,   N.A.
    	
 
    	
$
    	
25,000,000.00
    	
 
    
	
Total
    	
 
    	
$
    	
25,000,000.00
    	
 
    

 

SCHEDULE 2.01

 

	
Lender
    	
 
    	
Revolving Commitment
    	
 
    
	
JPMorgan Chase   Bank, N.A.
    	
 
    	
$
    	
26,500,000.00
    	
 
    
	
Credit Suisse   AG, Cayman Islands Branch
    	
 
    	
$
    	
25,000,000.00
    	
 
    
	
Bank of America,   N.A.
    	
 
    	
$
    	
25,000,000.00
    	
 
    
	
Deutsche Bank AG   New York Branch
    	
 
    	
$
    	
16,000,000.00
    	
 
    
	
Wells Fargo   Bank, National Association
    	
 
    	
$
    	
5,500,000.00
    	
 
    
	
Morgan Stanley   Bank, N.A.
    	
 
    	
$
    	
2,000,000.00
    	
 
    
	
Total
    	
 
    	
$
    	
100,000,000.00
    	
 
    

 

[Concentra — Amendment No. 5]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]