Document:

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Exhibit 10.1
FIRST HAWAIIAN, INC.
AMENDED & RESTATED 2016 NON-EMPLOYEE DIRECTOR PLAN
RESTRICTED STOCK UNIT AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORS
This Restricted Stock Unit Award Agreement (this “Award Agreement”) evidences an award of restricted stock units (“RSUs”) by First Hawaiian, Inc., a Delaware corporation (“First Hawaiian”), under the First Hawaiian, Inc. Amended & Restated 2016 Non-Employee Director Plan (as amended, supplemented or modified, from time to time, the “Plan”). Capitalized terms used but not defined in this Award Agreement have the meanings given to them in the Plan.
	Name of Grantee:
	(the “Grantee”).

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	Grant Date:
	(the “Grant Date”).

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	Number of RSUs:
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	Vesting Date:
	The earlier of (i) ______________, (ii) the date of First Hawaiian’s ____ annual meeting of stockholders or (iii) a Change in Control (the “Vesting Date”). The RSUs will only vest if the Grantee is, and has been, continuously serving as a Non-Employee Director from the Grant Date through the Vesting Date, and any unvested RSUs will be forfeited upon the termination of the Grantee’s service as a Non-Employee Director.

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	Delivery Date:
	No later than 30 days after the Vesting Date, First Hawaiian will issue to the Grantee one Share for each RSU, subject to applicable tax withholding (the date the Shares are so issued, the “Delivery Date”).

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	Dividends:
	On the Delivery Date, First Hawaiian will pay to the Grantee a cash amount equal to the product of (x) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the RSUs were adjusted pursuant to Section 1.6.3 of the Plan), if any, paid on a Share from the Grant Date to the Delivery Date and (y) the number of Shares delivered to the Grantee on the Delivery Date (including for this purpose any Shares which would have been delivered on the Delivery Date but for being withheld to satisfy tax withholding obligations).

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	All Other Terms:
	As set forth in the Plan.

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The Plan is incorporated herein by reference.  Except as otherwise set forth in the Award Agreement, the Award Agreement and the Plan constitute the entire agreement and understanding of the parties with respect to the RSUs. In the event that any provision of the Award Agreement is inconsistent with the Plan, the terms of the Plan will control. By accepting this Award, the Grantee agrees to be subject to the terms and conditions of the Plan.
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This Award Agreement may be executed in counterparts, which together will constitute one and the same original.
IN WITNESS WHEREOF, the parties have caused this Award Agreement to be duly executed and effective as of the Grant Date.
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	FIRST HAWAIIAN, INC.

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	By:
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	Name:
	Robert S. Harrison

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	Title:
	Chairman, President & CEO

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	GRANTEE

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-2-EX-10.1

 Exhibit 10.1 

Execution Version 

SEVENTH AMENDMENT TO CREDIT AGREEMENT 

This SEVENTH AMENDMENT TO CREDIT AGREEMENT, dated as of May 1, 2022 (this “Amendment”), is by and among BANK
OF AMERICA, N.A., in its capacity as administrative agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”), as Swingline Lender, as L/C Issuer, and as collateral
agent and Australian security trustee (in such capacity together with its successors and permitted assigns in such capacity, the “Collateral Agent”), the Lenders under and as defined in the Existing Credit Agreement defined below
party hereto (collectively, the “Consenting Lenders”), ARMSTRONG FLOORING, INC., a Delaware corporation (the “Borrower”), and the guarantors party hereto (collectively with the Borrower, the “Loan
Parties”). 
 W I T N E S E T H : 

WHEREAS, the Administrative Agent, Swingline Lender, L/C Issuer, certain financial institutions from time to time party thereto as
lenders (collectively, the “Lenders”) and the Loan Parties are parties to that certain Credit Agreement, dated December 31, 2018 (as otherwise heretofore amended, supplemented or modified, the “Existing Credit
Agreement”; the Existing Credit Agreement as amended hereby and as otherwise amended, restated, supplemented or modified from time to time in accordance with its terms, including by this Amendment, the “Credit Agreement”;
capitalized terms used but not defined herein shall have the meanings set forth in the Existing Credit Agreement). 
 WHEREAS, the
Borrower has requested that the Administrative Agent, the Collateral Agent, Swingline Lender, L/C Issuer and the Lenders consent to certain amendments to the Existing Credit Agreement to, inter alia, extend certain of the deadlines related to
the sale process set forth in the Existing Credit Agreement, as more specifically set forth herein. 
 WHEREAS, the Administrative
Agent, the Collateral Agent Swingline Lender, L/C Issuer and the Consenting Lenders have agreed to such requests, subject to the terms and conditions of this Amendment. 

WHEREAS, by this Amendment, the Administrative Agent, the Collateral Agent and the Consenting Lenders (which Consenting Lenders
constitute the Required Lenders), and the Borrower desire and intend to evidence the amendments set forth herein. 
 NOW THEREFORE,
in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    Amendments to Credit Agreement. Effective as of the Seventh Amendment Effective Date (as
defined below), the Existing Credit Agreement is hereby amended as follows: 
 (a)    Section 1.01 of the Existing
Credit Agreement is amended by inserting the following defined terms in alphabetical order: 
 “Seventh
Amendment” means that certain Seventh Amendment to Credit Agreement, dated as of the Fifth Amendment Effective Date, by and among the Administrative Agent, the Borrower, the other Loan Parties and each Lender party thereto. 

“Seventh Amendment Effective Date” means May 1, 2022. 

(b)    Clause (d) of Section 6.26 of the Existing Credit Agreement is amended by (i) deleting the reference
to “May 2, 2022” and (ii) replacing that reference with “May 8, 2022”. 

 (c)    Section 6.26 of the Existing Credit Agreement is amended by
inserting a new clause (h) as follows: 
 (h)    No later than the Seventh Amendment Effective Date,
the Borrower shall have appointed a chief transformation officer (together with any permitted successors from time to time, the “CTO”) reasonably satisfactory to the Administrative Agent and the Required Lenders pursuant to a scope
of engagement reasonably satisfactory to the Administrative Agent and Required Lenders, and thereafter shall retain such CTO, or any replacement thereof from time to time that is reasonably satisfactory to the Administrative Agent and Required
Lenders and is engaged promptly after the resignation or dismissal of the CTO pursuant to a scope of engagement substantially similar to the existing scope of engagement or otherwise reasonably satisfactory to the Administrative Agent and the
Required Lenders. 
 2.    Conditions Precedent. The amendments, consents and other agreements
contained herein shall only be effective upon the satisfaction or waiver by the Administrative Agent and Consenting Lenders of each of the following conditions precedent (the date of such satisfaction or waiver, the “Seventh Amendment
Effective Date”): 
 (a)    the Administrative Agent shall have received a copy of this Amendment in form and
substance reasonably acceptable to the Administrative Agent, duly executed by the Borrower and each other Loan Party, the Administrative Agent, the Collateral Agent and Lenders sufficient to constitute Required Lenders; 

(b)    payment of all fees required to be paid to the Administrative Agent and the Lenders on or before the Seventh
Amendment Effective Date, and all expenses in connection with this Amendment required to be reimbursed in accordance with Section 10.04 of the Credit Agreement, in each case, to the extent invoiced or otherwise documented
no later than the date that is two (2) Business Days prior to the Seventh Amendment Effective Date or, if Borrower fails to provide at least three (3) Business Days prior notice of the desired Seventh Amendment Effective Date, no later
than the date that is on or before the Seventh Amendment Effective Date; 
 (c)    the Administrative Agent shall have
received copies of the complete, fully executed fourth amendment to the Term Loan Agreement, in form and substance satisfactory to the Administrative Agent and the Lenders (the “Term Loan Fourth Amendment”), including all schedules,
annexes and exhibits thereto, and each other material document, agreement or instrument entered into by any Loan Parties in connection with the Term Loan Fourth Amendment; 

(d)    no order, injunction or judgment has been entered into prohibiting the closing of this Amendment; 

(e)    the representations and warranties set forth in Section 6 of this Amendment shall be true and correct; and

 (f)    the Administrative Agent shall have received evidence of the appointment of the CTO substantially
simultaneously with the effectiveness of this Amendment and otherwise upon the terms and conditions set forth in Section 6.26(h) of the Credit Agreement. 

3.    GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. 

  
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 4.    Binding Effect. This Amendment shall be binding upon
and inure to the benefit of each of the parties hereto and their respective successors and assigns. 

5.    Affirmation of Loan Parties. Each Loan Party hereby consents to the amendments and modifications to
the Existing Credit Agreement effected hereby, and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which such Loan Party is a party is, and the obligations of such Loan Party contained in the
Existing Credit Agreement, as amended and modified hereby, or in any other Loan Documents to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended
and modified by this Amendment. Without limiting the generality of the foregoing, the execution of this Amendment shall not constitute a novation, and the Collateral Documents and all of the Collateral described therein and Liens granted in favor of
the Administrative Agent created thereunder do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents to the extent provided in the Collateral Documents and that all such Liens continue to be
perfected as security for the Obligations secured thereby. 
 6.    Representations and Warranties. In
order to induce the Administrative Agent, the Collateral Agent and the Consenting Lenders to enter into this Agreement, each Loan Party represents and warrants to the Administrative Agent, the Collateral Agent and the Lenders as follows: 

(a)    the representations and warranties made by each Loan Party in Article V of the Existing Credit Agreement and in
each of the other Loan Documents to which such Loan Party is a party are true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) on and as of
the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date in which case they are true and correct in all material respects (or in all respects in the case of any representation and warranty
qualified by materiality or Material Adverse Effect) as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement will be deemed to refer to the
most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement; 

(b)    the Persons appearing as Guarantors on the signature pages to this Amendment constitute all Persons who are
required to be Guarantors pursuant to the terms of the Credit Agreement (other than AFI Australia) and the other Loan Documents, including without limitation all Persons who became Subsidiaries or were otherwise required to become Guarantors after
the Closing Date, and each of such Persons has become and remains a party to a Guaranty as a guarantor thereunder; 

(c)    this Amendment has been duly authorized, executed and delivered by each of the other Loan Parties party hereto and
constitutes a legal, valid and binding obligation of each such party, except as may be limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally; and 
 (d)    after giving effect to this Amendment, no Default or Event of Default
has occurred and is continuing. 
 7.    Reference to and Effect on the Credit Agreement and the Loan
Documents. 
 (a)    On and after the effectiveness of this Amendment, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement and each reference in the Notes and each of the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Existing Credit Agreement, as amended and modified by this Amendment. 

  
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 (b)    The Credit Agreement, the Notes and each of the other Loan
Documents, as specifically amended and modified by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 

(c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate
as a waiver or novation of any right, power or remedy of any Lender, L/C Issuer, Swing Line Lender, the Collateral Agent or the Administrative Agent under any of the Loan Documents, nor constitute a waiver or novation of any provision of any of the
Loan Documents. 
 (d)    The Administrative Agent, the Lenders and the Loan Parties agree that this Amendment shall be
a Loan Document for all purposes of the Credit Agreement (as specifically amended by this Amendment) and the other Loan Documents. 

8.    Waiver, Modification, Etc. No provision or term of this Amendment may be modified, altered, waived,
discharged or terminated orally, but only by an instrument in writing executed by the party against whom such modification, alteration, waiver, discharge or termination is sought to be enforced. 

9.    Headings. The headings listed herein are for convenience only and do not constitute matters to be
construed in interpreting this Amendment. 
 10.    Counterparts. This Amendment may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of
this Amendment by facsimile or in “pdf” or similar format by electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 

11.    Release; Indemnification. 

(a) Release. In further consideration of Administrative Agent’s, Collateral Agent’s and each Consenting Lender’s
execution of this Amendment, the Borrower and the Guarantors, individually and on behalf of their successors (including any trustees or any debtor-in-possession acting
on behalf of Borrower or a Guarantor), assigns, subsidiaries and affiliates, hereby forever release each of the Administrative Agent, Collateral Agent and the Lenders and their respective successors, assigns, parents, subsidiaries, and affiliates
and their officers, employees, directors, agents and attorneys (collectively, the “Releasees”) from any and all debts, claims, demands, liabilities, responsibilities, disputes, causes, damages, actions and causes of actions (whether
at law or in equity), and obligations of every nature whatsoever (other than any obligations to advance Loans under and in accordance with the Credit Agreement), whether liquidated or unliquidated, whether matured or unmatured, whether fixed or
contingent that Borrower or any Guarantor has or may have against the Releasees, or any of them, in each case which arise from or relate to any actions which the Releasees, or any of them, have or may have taken or omitted to take in connection with
the Credit Agreement or the other Loan Documents prior to the date hereof (including with respect to the Obligations, any Collateral and any third parties liable in whole or in part for the Obligations). This provision shall survive and continue in
full force and effect whether or not the Loan Parties shall satisfy all other provisions of the Credit Agreement or the other Loan Documents. 

(b)    Related Indemnity. The Borrower and each Guarantor hereby agree that its release of the Releasees set forth
in Section 11(a) hereof shall include an obligation to indemnify and hold the Releasees, or any of them, harmless with respect to any and all liabilities, obligations, losses, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever incurred by 

  
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the Releasees, or any of them, whether direct, indirect or consequential, as a result of or arising from or relating to any proceeding by, or on behalf of any Person, including officers,
directors, agents, trustees, creditors, partners or shareholders of the Borrower or any Guarantor or any parent, subsidiary or affiliate of Borrower or such Guarantor, whether threatened or initiated, asserting any claim for legal or equitable
remedy under any statutes, regulation, common law principle or otherwise arising from or in connection with the negotiation, preparation, execution, delivery, performance, administration and enforcement of this Amendment or any other document
executed in connection herewith; provided, that Borrower shall not be liable for any indemnification to a Releasee to the extent that any such liability, obligation, loss, penalty, action, judgment, suit, cost, expense or disbursement results from
the applicable Releasee’s gross negligence or willful misconduct, as finally determined by a court of competent jurisdiction. The foregoing indemnity shall survive the payment in full of the Obligations and the termination of the Credit
Agreement and the other Loan Documents. 
 12.    Consent to Term Loan Fourth Amendment. In accordance
with Section 5.2 of the Intercreditor Agreement as in effect immediately prior to the Seventh Amendment Effective Date, each of the undersigned Consenting Lenders hereby authorizes the Administrative Agent to consent to, and the Administrative
Agent hereby consents to the amendments to the Term Loan Agreement effected by, the Term Loan Fourth Amendment in the form and substance attached as Annex A hereto. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent, Collateral Agent and
 Australian Security Trustee

		
	By:	 	 /s/ Matthew O’Keefe

		 	Typed Name: Matthew O’Keefe
		 	Typed Title:   Senior Vice President

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 BANK OF AMERICA, N.A.,
 as a
Lender, L/C Issuer and Swingline Lender

		
	By:	 	 /s/ Matthew O’Keefe

		 	Typed Name: Matthew O’Keefe
		 	Typed Title:   Senior Vice President

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 JPMORGAN CHASE BANK, N.A.,

as a Lender

		
	By:	 	 /s/ Bonnie J. David

		 	Typed Name: Bonnie J. David
		 	Typed Title:   Authorized Officer

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 TRUIST BANK,
 as a
Lender

		
	By:	 	 /s/ JC Fanning

		 	Typed Name: JC Fanning
		 	Typed Title:   Director

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	 /s/ Stephen M. Ellsworth

		 	Typed Name: Stephen M. Ellsworth
		 	Typed Title:   Vice President

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	MANUFACTURERS AND TRADERS TRUST COMPANY, as a Lender
		
	By:	 	 /s/ Dylan Browdie

		 	Typed Name: Dylan Browdie
		 	Typed Title:   Vice President

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

							
	BORROWER:	 		 	ARMSTRONG FLOORING, INC.
				
		 		 	By:	 	 /s/ Amy P. Trojanowski

		 		 		 	Typed Name: Amy P. Trojanowski
		 		 		 	Typed Title: SVP, CFO

  

							
	GUARANTOR:	 		 	AFI LICENSING LLC
				
		 		 	By:	 	 /s/ Christopher S. Parisi

		 		 		 	Typed Name: Christopher S. Parisi
		 		 		 	Typed Title: Secretary

 Armstrong Flooring, Inc. 

Seventh Amendment to Credit Agreement 

Signature Page 

 Annex A 

Term Loan Fourth Amendment

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