Document:

Exhibit 102

		

			Exhibit 10.2

		

		

			 

		

		
			AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT
		

		
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			This AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of August 31, 2017, (the “Effective Date”) is by and among NCS Multistage Holdings, Inc., a Delaware corporation (the “Parent”), Pioneer Intermediate, Inc., a Delaware corporation (the “Intermediate Parent”), Pioneer Investment, Inc., a Delaware corporation (the “US Borrower”), NCS Multistage Inc., a corporation incorporated pursuant to the laws of the Province of Alberta, Canada (the “Canadian Borrower” and together with the US Borrower, the “Borrowers”), the subsidiaries of the US Borrower party hereto (together with the Parent and the Intermediate Parent, each a “Guarantor” and collectively, the “Guarantors”), the Lenders (as defined below) party hereto, Wells Fargo Bank, National Association, as US administrative agent (in such capacity, the “US Administrative Agent”) for the Lenders, Swing Line Lender, and Issuing Lender, Wells Fargo Bank, National Association, Canadian Branch, as Canadian administrative agent (in such capacity, the “Canadian Administrative Agent”) for the Lenders, and each other Person party hereto.
		

		
			RECITALS
		

		
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			A.       The Parent, Intermediate Parent, the Borrowers, the US Administrative Agent, the Canadian Administrative Agent, the Swing Line Lender, the Issuing Lender, and the financial institutions party thereto from time to time, as lenders (the “Lenders”) are parties to that certain Amended and Restated Credit Agreement dated as of May 4, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).
		

		
			B.       The US Credit Parties wish to make an acquisition of all of the Equity Interests of Spectrum Tracer Services, LLC and its subsidiaries (such transaction, the “Spectrum Acquisition”) pursuant to that certain Agreement and Plan of Merger, dated as of the date hereof, by and among Parent, US Borrower, Spartan Merger Sub, LLC, a Delaware limited liability company, Spectrum Tracer Services, LLC, an Oklahoma limited liability company and STSR LLC, as Representative (as defined therein).
		

		
			C.       In connection with the Spectrum Acquisition, the Borrowers wish to increase the aggregate US Commitments by $25,000,000 to $50,000,000.
		

		
			D.       The Borrowers have requested that the Lenders, the US Administrative Agent and the Canadian Administrative Agent amend the Credit Agreement as provided herein and subject to the terms and conditions set forth herein. 
		

		
			Now Therefore, in consideration of the premises and the mutual covenants, representations and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
		

		
			Section 1.       Defined Terms.  As used in this Agreement, each of the terms defined in the opening paragraph and the Recitals above shall have the meanings assigned to such terms therein.  Each term defined in the Credit Agreement and used herein without definition shall 
		

		 

		

			 

		

 

		
		

		
			have the meaning assigned to such term in the Credit Agreement, unless expressly provided to the contrary.
		

		
			Section 2.       Other Definitional Provisions.  Article, Section, Schedule, and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified.  The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  The term “including” means “including, without limitation”.  Section headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed that such Section headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement.
		

		
			Section 3.       Amendments to Credit Agreement.  
		

		
			(a)       Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in alphabetical order therein:
		

		
			“First Amendment Effective Date” means August 31, 2017”
		

		
			“Spectrum Acquisition” means the transactions resulting in the Acquisition of Spectrum Tracer Services, LLC, an Oklahoma limited liability company, by the US Borrower pursuant to a merger of Spartan Merger Sub, LLC, a Delaware limited liability company and wholly-owned Domestic Subsidiary of the US Borrower, with, and in to, Spectrum Tracer Services, LLC with Spectrum Tracer Services, LLC surviving, for Total Consideration of not more than $82,091,671.61.  
		

		
			“Spectrum Acquisition Documents” means that certain Agreement and Plan of Merger, dated as of the First Amendment Effective Date, by and among Parent, US Borrower, Spartan Merger Sub, LLC, a Delaware limited liability company, Spectrum Tracer Services, LLC, an Oklahoma limited liability company, and STSR LLC, as Representative (as defined therein), all material related bills of sale, assignments, agreements, instruments and other documents executed and delivered in connection with the Spectrum Acquisition.  
		

		
			“Target” means Spectrum Tracer Services, LLC, an Oklahoma limited liability company,  and its subsidiaries.
		

		
			(b)       The definition of “US Commitment” is hereby amended by inserting the following sentence at the end of such definition:
		

		
			“The aggregate amount of all US Commitments on and as of the First Amendment Effective Date is $50,000,000.00.”
		

		
			(c)       Section 6.4 (Acquisitions) of the Credit Agreement is hereby amended to (i) delete the word “and” at the end of clause (d) thereof, (ii) add the word “and” at the end of clause (e) thereof, and (iii) insert a new clause (f) therein as set forth below:
		

		
			(f)       the Spectrum Acquisition pursuant to the Spectrum Acquisition Documents; 
		

		 

		

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			(d)       Section 6.4 (Acquisitions) of the Credit Agreement is hereby further amended by amending the proviso therein by replacing the lead-in phrase “...provided, that, in the case of each of (a) and (e) above,...” with the lead-in phrase “...provided, that, in the case of each of (a), (e) and (f) above,...”.
		

		
			(e)       Schedule II of the Credit Agreement is hereby replaced in its entirety with the Schedule II attached as Exhibit A hereto. 
		

		
			Section 4.       Representations and Warranties.  Each Credit Party hereby represents and warrants that:
		

		
			(a)       after giving effect to this Agreement, the representations and warranties of the Credit Parties contained in the Credit Documents are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on the Effective Date, except that any representation and warranty which by its terms is made as of a specified date in which case such representation and warranty is true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such specified date;  
		

		
			(b)       before and after giving effect to this Agreement, no Default or Event of Default has occurred and is continuing;
		

		
			(c)       the execution, delivery and performance of this Agreement by such Credit Party are within its corporate or limited liability company power and authority, as applicable, and have been duly authorized by all necessary corporate or limited liability company action, as applicable; 
		

		
			(d)       this Agreement constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as limited by applicable Debtor Relief Laws at the time in effect affecting the rights of creditors generally and general principles of equity whether applied by a court of law or equity; 
		

		
			(e)       there are no governmental or other third party consents, licenses and approvals required in connection with the execution, delivery, performance, validity and enforceability of this Agreement;  
		

		
			(f)       as of the Effective Date, no action, suit, investigation or other proceeding by or before any arbitrator or any Governmental Authority is threatened or pending and no preliminary or permanent injunction or order by a state or federal court has been entered in connection with this Agreement or any other Credit Document; and
		

		
			(g)       as of the Effective Date, (i) Part A of Schedule  1 hereto sets forth the type of organization and jurisdiction of incorporation or formation of each entity acquired in connection with the Spectrum Acquisition, and (ii) Part B of Schedule 1 hereto sets forth each Subsidiary of the Parent (including any such Subsidiary acquired or formed in connection with the Spectrum Acquisition).
		

		 

		

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			Section 5.       Conditions to Effectiveness.    This Agreement shall become effective on the Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions which may occur prior to or concurrently with the closing of this Agreement:
		

		
			(a)       The Administrative Agents shall have received this Agreement executed by duly authorized officers of the Parent, the Borrowers, the Guarantors, the Administrative Agents, and all the Lenders; 
		

		
			(b)       The Administrative Agents shall have received evidence satisfactory to them that the Spectrum Acquisition (as defined in the Credit Agreement after giving effect to Section 3(a) above) has been consummated in accordance with the terms of the Spectrum Acquisition Documents (as defined in the Credit Agreement after giving effect to Section 3(a) above) and the US Administrative Agent shall have received true and correct copies of the Spectrum Acquisition Documents certified as such by a Responsible Officer of the US Borrower;
		

		
			(c)       The US Administrative Agent shall have received a pro forma Compliance Certificate after giving pro forma effect to the Spectrum Acquisition executed by a Responsible Officer of the US Borrower and reflecting (i) pro forma compliance with the financial covenants in Section 6.16 of the Credit Agreement as of the fiscal quarter ended June 30, 2017, and (ii) the pro forma Leverage Ratio as of the fiscal quarter ended June 30, 2017, which ratio must not exceed 0.50 to 1.00 less than the covenant level required under Section 6.16(a) of the Credit Agreement for the fiscal quarter ended June 30, 2017;
		

		
			(d)       The US Administrative Agent shall have received evidence satisfactory to it that both before and after giving effect to the Spectrum Acquisition, Liquidity is greater than $10,000,000;
		

		
			(e)       The Administrative Agents shall have received duly executed customary payoff letters, in form and substance reasonably satisfactory to Administrative Agents, with respect to all Debt of any entity to be acquired or created in connection with the Spectrum Acquisition or to be assumed by the US Borrower or any of its Subsidiaries in connection with the Spectrum Acquisition that is not permitted under the Credit Agreement, together with all UCC-3 termination statements, lien releases, Account Control Agreement terminations, and other documentation evidencing the release of liens related to such Debt reasonably requested by US Administrative Agent;
		

		
			(f)        The US Administrative Agent shall have received a joinder and supplement to the Guaranty executed by each Domestic Subsidiary to be acquired or created in connection with the Spectrum Acquisition;
		

		
			(g)       The US Administrative Agent shall have received a joinder and supplement to the US Security Agreement executed by each Domestic Subsidiary to be acquired or created in connection with the Spectrum Acquisition, UCC-1 financing statements, and any other documents, agreements or instruments necessary to create and perfect an Acceptable Security Interest in the Collateral as described in the US Security Agreement, as so supplemented (other than such stock certificates, stock powers executed in blank and Account Control Agreements to 
		

		 

		

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			be delivered after the Effective Date pursuant to Section 6(f) and Section 6(g), as applicable, below);
		

		
			(h)       The US Administrative Agent shall have received a secretary’s certificate or officer’s certificate from each Domestic Subsidiary to be acquired or created in connection with the Spectrum Acquisition certifying such entity’s (i) Responsible Officer’s incumbency, (ii) authorizing resolutions, (iii) organizational documents, and (iv) certificates of good standing and existence in such entity’s jurisdiction of formation dated a date not earlier than 30 days prior to date of delivery or otherwise in effect on the date of delivery;
		

		
			(i)       The Canadian Administrative Agent shall have received a joinder and supplement to the Guaranty executed by each Canadian Subsidiary to be acquired or created in connection with the Spectrum Acquisition and executed by the Canadian Borrower as a Guarantor;
		

		
			(j)       The Canadian Administrative Agent shall have received a joinder and supplement to the Canadian Security Agreement executed by each Canadian Subsidiary to be acquired or created in connection with the Spectrum Acquisition, together with stock certificates, stock powers executed in blank, PPSA Filings, in each case, as applicable, and any other documents, agreements or instruments necessary to create and perfect an Acceptable Security Interest in the Collateral as described in the Canadian Security Agreement, as so supplemented;
		

		
			(k)       The Canadian Administrative Agent shall have received a secretary’s certificate or officer’s certificate from each Canadian Subsidiary to be acquired or created in connection with the Spectrum Acquisition certifying such entity’s (i) Responsible Officer’s incumbency, (ii) authorizing resolutions, (iii) organizational documents, and (iv) certificates of good standing and existence in such entity’s province of formation dated a date not earlier than 30 days prior to date of delivery or otherwise in effect on the date of delivery;
		

		
			(l)       The US Administrative Agent shall have receive all documentation and other information that is required by regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act  that has been reasonably requested by the US Administrative Agent in writing at least 5 Business Days in advance of the Effective Date;
		

		
			(m)      The US Administrative Agent shall have received a certificate of an authorized officer of the US Borrower certifying (i) resolutions of the Board of Directors of the US Borrower authorizing the increase in US Commitments effected hereby, (ii) that both before and after giving effect to the increase in the US Commitments effected hereby, no Default has occurred and is continuing, (iii) that all representations and warranties made by the Borrowers in the Credit Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), unless such representation or warranty relates to an earlier date which remains true and correct in all material respects as of such earlier date (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), and (iv) that the Parent is in pro forma compliance with the covenants in Section 6.16, after giving pro forma 
		

		 

		

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			effect to the making of any Advances in connection with the increase in the US Commitment effected hereby;
		

		
			(n)       The US Administrative Agent shall have received a legal opinion of Weil, Gotshal & Manges LLP, as outside US special counsel to the Credit Parties, in form and substance satisfactory to the US Administrative Agent with respect to the transactions contemplated hereby; 
		

		
			(o)       The US Administrative Agent shall have received a legal opinion of Johnson & Jones, P.C., as outside Oklahoma counsel to the Credit Parties, in form and substance satisfactory to the US Administrative Agent with respect to the transactions contemplated hereby;
		

		
			(p)       The Canadian Administrative Agent shall have received a legal opinion of MLT Aikins LLP, as British Columbian outside counsel to the Credit Parties, in form and substance satisfactory to the Canadian Administrative Agent with respect to the transactions contemplated hereby; and
		

		
			(q)       The Borrower shall have paid (i) all fees and expenses of the Administrative Agents’ outside legal counsel pursuant to all invoices presented for payment at least one Business Day prior to the Effective Date, and (ii) all fees agreed to in the Fee Letter, dated on or about the date hereof, executed by duly authorized officers of the Parent, the Intermediate Parent, the Borrowers and the Wells Fargo Parties.
		

		
			Section 6.       Acknowledgments and Agreements.  
		

		
			(a)       Each Credit Party acknowledges that on the date hereof all outstanding Obligations are payable in accordance with their terms and each Credit Party waives any defense, offset, counterclaim or recoupment (other than a defense of payment or performance) with respect thereto.
		

		
			(b)       Each Credit Party, the US Administrative Agent, the Canadian Administrative Agent, the Issuing Lender, the Swing Line Lender and each Lender party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby (the “Amended Credit Agreement”), and acknowledges and agrees that the Amended Credit Agreement is and remains in full force and effect, and acknowledge and agree that their respective liabilities and obligations under the Amended Credit Agreement, the Guaranty, and the other Credit Documents, are not impaired in any respect by this Agreement.
		

		
			(c)       Nothing herein shall constitute a waiver or relinquishment of (i) any Default or Event of Default under any of the Credit Documents, (ii) any of the agreements, terms or conditions contained in any of the Credit Documents, (iii) any rights or remedies of the US Administrative Agent, the Canadian Administrative Agent, or any Lender with respect to the Credit Documents, or (iv) the rights of the US Administrative Agent, the Canadian Administrative Agent, any Issuing Lender, the Swing Line Lender or any Lender to collect the full amounts owing to them under the Credit Documents.
		

		 

		

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			(d)       From and after the Effective Date, all references to the Credit Agreement and the Credit Documents shall mean the Credit Agreement and such Credit Documents, as amended by this Agreement.  This Agreement is a Credit Document for the purposes of the provisions of the other Credit Documents.
		

		
			(e)       The increase in the US Commitments pursuant to this Agreement shall not be considered a Commitment Increase under Section 2.17 of the Credit Agreement, the aggregate amount of Commitment Increases available to the Borrowers after giving effect to this Agreement is $50,0000,000, and the Borrowers may, at a later date, exercise a Commitment Increase subject to the terms and conditions of Section 2.17 of the Credit Agreement.
		

		
			(f)       Within five Business Days after the Effective Date (or such longer period as the US Administrative Agent shall agree in its sole discretion), the US Credit Parties shall deliver to the US Administrative Agent all necessary stock certificates and stock powers executed in blank for each Domestic Subsidiary acquired or created in connection with the Spectrum Acquisition.
		

		
			(g)       Within 60 days after the Effective Date (or such longer period as the US Administrative Agent shall agree in its sole discretion), the US Credit Parties shall deliver to the US Administrative Agent (i) Account Control Agreements in respect of all deposit accounts of each Domestic Subsidiary acquired or created in connection with the Spectrum Acquisition that are not held with the US Administrative Agent, and (ii) Account Control Agreements in respect of all securities accounts and commodities accounts of each Domestic Subsidiary acquired or created in connection with the Spectrum Acquisition, in each case, subject to the proviso of Section 5.7 of the Credit Agreement.
		

		
			Section 7.       Reaffirmation of Security Documents.  Each Credit Party (a) reaffirms the terms of and its obligations (and the security interests granted by it) under each Security Document to which it is a party, and agrees that each such Security Document will continue in full force and effect to secure the Secured Obligations as the same may be amended, supplemented, or otherwise modified from time to time, and (b) acknowledges, represents, warrants and agrees that the liens and security interests granted by it pursuant to the Security Documents are valid, enforceable and subsisting and create a security interest to secure the Secured Obligations.
		

		
			Section 8.       Reaffirmation of the Guaranty.  Each US Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under the Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the US Guaranteed Obligations (as defined in the Guaranty), as such US Guaranteed Obligations may have been amended by this Agreement, and its execution and delivery of this Agreement does not indicate or establish an approval or consent requirement by such US Guarantor under the Guaranty, in connection with the execution and delivery of amendments, consents or waivers to the Credit Agreement or any of the other Credit Documents.
		

		
			Section 9.       Counterparts.  This Agreement may be signed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which, taken together, constitute one and 
		

		 

		

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			the same agreement.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or by e-mail “PDF” copy shall be effective as delivery of a manually executed counterpart of this Agreement.
		

		
			Section 10.       Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit Agreement.
		

		
			Section 11.       Invalidity.  In the event that any one or more of the provisions contained in this Agreement shall be held invalid, illegal or unenforceable in any respect under any applicable Legal Requirement, the validity, legality, and enforceability of the remaining provisions contained herein or therein shall not be affected or impaired thereby.
		

		
			Section 12.       Governing Law.  This Agreement shall be deemed a contract under, and shall be governed by, and construed and enforced in accordance with, the laws of the State of New York applicable to contracts made and to be performed entirely within such state without regard to conflicts of laws principles (other than Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York).
		

		
			Section 13.       Entire Agreement. This Agreement, the AMENDED CREDIT AGREEMENT and the other CREDIT Documents REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND SUPERSEDE ALL PRIOR UNDERSTANDINGS AND AGREEMENTS, WHETHER WRITTEN OR ORAL, RELATING TO THE TRANSACTIONS PROVIDED FOR HEREIN AND THEREIN.  ADDITIONALLY, This Agreement, the Credit Agreement as amended by this Agreement, and the other CREDIT Documents MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
		

		
			       THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
		

		
			       IN EXECUTING THIS AGREEMENT, EACH PARTY HERETO HEREBY WARRANTS AND REPRESENTS IT IS NOT RELYING ON ANY STATEMENT OR REPRESENTATION OTHER THAN THOSE IN THIS AGREEMENT AND IS RELYING UPON ITS OWN JUDGMENT AND ADVICE OF ITS ATTORNEYS.
		

		
			 [SIGNATURES BEGIN ON NEXT PAGE]
		

		
			 
		

		

		

		 

		

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

		
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						US BORROWER:.

					
					
						 

				
	
					
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						PIONEER INVESTMENT, INC.

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Accounting Officer

					
					
						 

				
	
					
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						CANADIAN BORROWER:

					
					
						 

				
	
					
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						NCS MULTISTAGE INC.

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Financial Officer

					
					
						 

				
	
					
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						PARENT:

					
					
						 

				
	
					
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						NCS MULTISTAGE HOLDINGS, INC.

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Accounting Officer

					
					
						 

				
	
					
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						INTERMEDIATE PARENT:.

					
					
						 

				
	
					
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						PIONEER INTERMEDIATE, INC.

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Accounting Officer

					
					
						 

				
	
					
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						OTHER GUARANTORS:.

					
					
						 

				
	
					
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						SPARTAN MERGER SUB, LLC

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Financial Officer

					
					
						 

				

		

		

		 

		

			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		
		

		
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						PIONEER NCS ENERGY HOLDCO, LLC

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Financial Officer

					
					
						 

				
	
					
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						NCS MULTISTAGE, LLC

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Wade Bitter

					
					
						 

				
	
					
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						Name:  

					
					
						Wade Bitter

					
					
						 

				
	
					
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						Title:

					
					
						Chief Financial Officer

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

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						ADMINISTRATIVE AGENTS/LENDERS:

					
					
						 

				
	
					
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						WELLS FARGO BANK, NATIONAL ASSOCIATION, as US Administrative Agent, the Issuing Lender, Swing Line Lender, and a US Facility Lender

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Timothy P. Gebauer

					
					
						 

				
	
					
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						Name:  

					
					
						Timothy P. Gebauer

					
					
						 

				
	
					
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						Title:

					
					
						Director

					
					
						 

				
	
					
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						WELLS FARGO BANK, NATIONAL ASSOCIATION, CANADIAN BRANCH as Canadian Administrative Agent and a Canadian Facility Lender

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Dennis Dasilva

					
					
						 

				
	
					
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						Name:  

					
					
						Dennis Dasilva

					
					
						 

				
	
					
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						Title:

					
					
						Vice President

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Lindy Couillard

					
					
						 

				
	
					
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						Name:  

					
					
						Lindy Couillard

					
					
						 

				
	
					
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						Title:

					
					
						Director

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		
		

		
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						JPMORGAN CHASE BANK, N.A., as a US Facility Lender

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Ryan Aman

					
					
						 

				
	
					
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						Name:  

					
					
						Ryan Aman

					
					
						 

				
	
					
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						Title:

					
					
						Authorized Officer

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		
		

		
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						JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as a Canadian Facility Lender

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Michael N. Tam

					
					
						 

				
	
					
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						Name:  

					
					
						Michael N. Tam

					
					
						 

				
	
					
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						Title:

					
					
						Senior Vice President

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		
		

		
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						HSBC BANK CANADA, as a US Facility Lender

					
					
						 

				
	
					
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						By:  

					
					
						/s/ John Cherian

					
					
						 

				
	
					
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						Name:  

					
					
						John Cherian

					
					
						 

				
	
					
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						Title:

					
					
						Assistant Vice President – Energy Financing

					
					
						 

				
	
					
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						By:  

					
					
						/s/ Bruce Robinson

					
					
						 

				
	
					
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						Name:  

					
					
						Bruce Robinson

					
					
						 

				
	
					
						﻿

					
					
						Title:

					
					
						Vice President – Energy Financing

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						HSBC BANK CANADA, as a Canadian Facility Lender

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						By:  

					
					
						/s/ John Cherian

					
					
						 

				
	
					
						﻿

					
					
						Name:  

					
					
						John Cherian

					
					
						 

				
	
					
						﻿

					
					
						Title:

					
					
						Assistant Vice President – Energy Financing

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						By:  

					
					
						/s/ Bruce Robinson

					
					
						 

				
	
					
						﻿

					
					
						Name:  

					
					
						Bruce Robinson

					
					
						 

				
	
					
						﻿

					
					
						Title:

					
					
						Vice President – Energy Financing

					
					
						 

				

		
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			Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

		

		

			(Pioneer Investment, Inc.)

		

 

		EXHIBIT A
		

		
			SCHEDULE II
		

		
			Commitments
		

		
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						Lender

					
					
						US Commitment

					
					
						Canadian Commitment

				
	
					
						Wells Fargo Bank, National Association

					$20,000,000.00 
					$0.00 
				
	
					
						Wells Fargo Bank, National Association, Canadian Branch

					$0.00 
					$10,000,000.00 
				
	
					
						JPMorgan Chase Bank, N.A.

					$15,000,000.00 
					$0.00 
				
	
					
						JPMorgan Chase Bank, N.A., Toronto Branch

					$0.00 
					$7,500,000.00 
				
	
					
						HSBC Bank Canada

					$15,000,000.00 
					$7,500,000.00 
				
	
					
						Total:

					
					
						$50,000,000.00

					
					
						$25,000,000.00

				

		
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			Schedule I

		

		

			(Pioneer Investment, Inc.)

		

 

		SCHEDULE I
		

		
			Part A- New Subsidiaries Organizational Information
		

			
					
						Entity Name

					
					
						Type of Entity

					
					
						Jurisdiction of Organization

				
	
					
						Spectrum Tracer Services, LLC

					
					
						limited liability company 

					
					
						Oklahoma

				
	
					
						STS Logistics and Analytics LLC

					
					
						limited  liability company

					
					
						Oklahoma

				
	
					
						STS Holdings Inc.

					
					
						corporation

					
					
						Nevada

				
	
					
						STS Tracer Services Ltd.

					
					
						corporation

					
					
						British Columbia 

				

		
			﻿
		

		
			Part B - Subsidiaries of Parent
		

		
			Pioneer Intermediate, Inc.
		

		
			Pioneer Investment, Inc.
		

		
			Pioneer NCS Energy Holdco, LLC
		

		
			NCS Multistage, LLC
		

		
			NCS International, LLC
		

		
			NCS International 2, LLC
		

		
			NCS Argentina, SRL
		

		
			NCS Multistage Inc.
		

		
			Spartan Merger Sub, LLC (prior to giving effect to the merger of Spartan Merger Sub, LLC and Spectrum Tracer Services, LLC)
		

		
			Spectrum Tracer Services, LLC (after giving effect to the merger of Spartan Merger Sub, LLC into Spectrum Tracer Services, LLC)
		

		
			STS Holdings Inc.
		

		
			STS Tracer Services Ltd. 
		

		
			STS Logistics and Analytics LLC
		

		
			﻿
		

		 

		

			Schedule I

		

		

			(Pioneer Investment, Inc.)EX-10.1

 Exhibit 10.1 

FRANKLIN FINANCIAL NETWORK, INC. 

2017 OMNIBUS EQUITY INCENTIVE PLAN 

COMES NOW, Franklin Financial Network, Inc., a Tennessee Corporation (the “Corporation”), this 28th day of March, 2017,
to adopt the Franklin Financial Network, Inc. 2017 Omnibus Equity Incentive Plan (the “Plan”) to be effective April 9, 2017. 

WHEREAS, the Corporation maintains the Franklin Financial Network, Inc. 2007 Omnibus Equity Incentive Plan (the “2007 Plan”)
which awarded forms of equity compensation to key employees, directors and consultants in order to advance the interests of the Corporation and its subsidiaries, including Franklin Synergy Bank and Franklin Synergy Risk Management, Inc.; 

WHEREAS, the 2007 Plan reaches its 10-year lifespan on April 8, 2017, and the Corporation
accordingly approved the freezing of the 2007 Plan to new participants and awards, effective as of April 8, 2017; 
 WHEREAS,
the Corporation desires to continue to award forms of equity compensation (i) to attract and retain key employees, directors and consultants in order to advance the interests of the Corporation and its subsidiaries, including Franklin Synergy
Bank and Franklin Synergy Risk Management, Inc., (ii) to stimulate the efforts of key employees, directors and consultants by increasing their desire to continue in their employment with or services to the Corporation and its subsidiaries,
(iii) to assist the Corporation and its subsidiaries in competing effectively with other enterprises for the services of its current and new employees, directors, and others necessary for the continued improvement of operations, and
(iv) to attract and retain the best possible personnel for service as employees, officers and directors of Corporation and its subsidiaries; 

NOW, THEREFORE, the Corporation hereby adopts this Plan, as follows: 

 

	1.	PURPOSE. 

 The purpose of the Plan is to promote the interests of the Corporation
and its stockholders by (i) attracting and retaining key officers, employees, and directors of, and consultants to, the Corporation and its Subsidiaries and Affiliates; (ii) motivating such individuals by means of performance-related
incentives to achieve long-range performance goals; (iii) enabling such individuals to participate in the long-term growth and financial success of the Corporation; (iv) encouraging ownership of stock in the Corporation by such
individuals; and (v) linking their compensation to the long-term interests of the Corporation and its stockholders. Toward this objective, the Committee may grant stock options, SAR, Stock Awards, cash bonuses and other incentive awards to
Employees of the Corporation and its Subsidiaries and Affiliates on the terms and subject to the conditions set forth in the Plan. In addition, this Plan is intended to enable the Corporation to effectively attract, retain and reward Outside
Directors by providing for grants of Outside Director Awards to Outside Directors. No Award under this Plan (or modification thereof) shall provide for deferral of compensation that does not comply with Section 409A of the Code unless the Committee,
at the time of grant, specifically provides that the Award is not intended to comply with Section 409A of the Code. Notwithstanding any provision of this Plan to the contrary, if one or more of the payments or benefits received or to be received by
a Participant pursuant to an Award would cause the Participant to incur any additional tax or interest under Section 409A of the Code, the Committee may reform such provision to maintain to the maximum extent practicable the original intent of the
applicable provision without violating the provisions of Section 409A of the Code. 
  

	2.	DEFINITIONS. 

 2.1 “Affiliate” means any entity (other
than the Corporation and any Subsidiary) that is designated by the Board as a participating employer under the Plan, provided that the Corporation directly or indirectly owns at least 20% of the combined voting power of all classes of stock of that
entity or at least 20% of the ownership interests in that entity. 

  
 1 

Exhibit 10.1 

 2.2 “Award” means any form of Option, SAR, Stock Award, cash bonus or
other incentive award granted under the Plan, whether singly, in combination, or in tandem, to a Participant by the Committee pursuant to terms, conditions, restrictions and limitations, if any, as the Committee may establish by the Award Notice or
otherwise. 
 2.3 “Award Notice” means a written notice from the Corporation to a Participant that establishes the
terms, conditions, restrictions, and limitations applicable to an Award in addition to those established by the Plan and by the Committee’s exercise of its administrative powers. In the event of a conflict between the terms of the Plan and any
Award Notice, the terms of the Plan shall prevail. The Committee shall, subject to applicable law, determine the date an Award is deemed to be granted. The Committee or, except to the extent prohibited under applicable law, its delegate(s) may
establish the terms of agreements or other documents evidencing Awards under this Plan and may, but need not, require as a condition to any such agreement’s or document’s effectiveness that such agreement or document be executed by the
Participant, including by electronic signature or other electronic indication of acceptance, and that such Participant agree to such further terms and conditions as specified in such agreement or document. 

2.4 “Board” means the Board of Directors of the Corporation. 

2.5 “Cause” means the engaging by a Participant in illegal conduct that, in the sole discretion of the Committee, is
materially and demonstrably injurious to the Corporation unless otherwise defined in an agreement between Participant and the Corporation. 

2.6 “Change In Control” means the happening of any of the following: 

a. The Corporation has actual knowledge that any person or entity other than the Corporation, a subsidiary of the Corporation,
or any employee benefit plan sponsored by the Corporation or subsidiary has acquired the beneficial ownership (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% or more of the
then outstanding Stock; 
 b. A tender offer is made to acquire securities of the Corporation entitling the holders thereof
to 50% or more of the voting power to elect directors of the Corporation; 
 c. A solicitation subject to Rule 14a-11 under the Exchange Act (or any successor Rule) relating to the election or removal of 50% or more of the members of the Board shall be made by any person or entity other than the Corporation; 

d. Individuals who constitute the Board immediately prior to any meeting of shareholders (the “Incumbent Board”) have
ceased for any reason to constitute at least a majority thereof; 
 e. The shareholders of the Corporation shall approve a
merger, consolidation, share exchange, division or other reorganization of the Corporation as a result of which the shareholders of the Corporation immediately prior to such transaction shall not hold, directly or indirectly, immediately following
such transaction 51% or more of the voting power to elect directors of (i) the surviving or resulting corporation in the case of a merger or consolidation, (ii) the acquiring corporation, in the case of a share exchange, or (iii) each
surviving, resulting or acquiring corporation which, immediately following such transaction, in the case of a division, holds more than 15% of the consolidated assets of the Corporation immediately preceding such transaction; or 

f. The shareholders of the Corporation shall approve a complete liquidation and dissolution of the Corporation or the sale or
other disposition of all or substantially all of the assets of the Corporation other than to a wholly-owned subsidiary of the Corporation. 

Notwithstanding the occurrence of any of the foregoing, the Board may determine, if it deems it to be in the best interest of the Corporation
and consistent with a good faith interpretation of this Plan, that an event or events otherwise constituting a Change of Control shall not be so considered. Such determination shall be effective if it

  
 2 

Exhibit 10.1 

 
is made by the Board prior to the occurrence of an event that otherwise would be or probably will lead to a Change in Control or after such event if made by the Board a majority of which is
composed of all directors who were members of the Board immediately prior to the event that otherwise would be or probably will lead to a Change in Control. Upon such determination, such event or events shall not be deemed to be a Change in Control
for any purposes under this Plan. 
 2.7 “Change In Control Price” means the highest closing price per share paid
for the purchase of stock in a national securities market during the ninety day period preceding the date the Change in Control occurs, or of no such market exists, the Fair Market Value. 

2.8 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

2.9 “Committee” means the Compensation Committee of the Board, or any other committee designated by the Board,
authorized to administer the Plan under Section 3 of this Plan. The Committee shall consist of not less than 2 members who shall be appointed by, and shall serve at the pleasure of, the Board. The directors appointed to
serve on the Committee shall be: (i) “independent” within the meaning of the listing standards of any securities exchange or automated quotation system upon which the Common Stock is listed or quoted; (ii)
“non-employee directors” (within the meaning of Rule 16b-3(b)(3) under the Exchange Act); and (iii) “outside directors” (within the meaning of Code
Section 162(m) and its related regulations). However, the mere fact that a Committee member fails to qualify under any of the foregoing requirements shall not invalidate any Award made by the Committee if the Award is otherwise validly made under
the Plan. 
 2.10 “Common Stock” means the no par value common stock of the Corporation. 

2.11 “Corporation” means Franklin Financial Network, Inc. or any successor. 

2.12 “Consultant” shall mean any consultant to the Corporation or its Subsidiaries or Affiliates. 

2.13 “Covered Employee” means an individual who is, with respect to the Corporation, an individual defined in Code
Section 162(m)(3). 
 2.13 “Director” means an individual who is a member of the board of directors of the Corporation or a
Subsidiary. 
 2.14 “Disability” means an individual: (i) is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
than three (3) months under an accident and health plan covering employees or directors of the Corporation. Medical determination of Disability may be made by either the Social Security Administration or by the provider of an accident or health
plan covering Employees or Directors of the Corporation provided that the definition of “disability” applied under such disability insurance program complies with the requirements of the preceding sentence. Upon the request of the plan
administrator, the Employee must submit proof to the plan administrator of the Social Security Administration’s or the provider’s determination. 

2.15 “Effective Date” is defined in Section 6. 

2.16 “Employee” means an employee or prospective employee of the Corporation, a Subsidiary or an Affiliate. 

2.17 “Exchange Act” means the Securities and Exchange Act of 1934, as amended from time to time. 

  
 3 

Exhibit 10.1 

 2.18 “Exercise Price” means the purchase price payable to purchase one Share
upon the exercise of an Option or the price by which the value of a SAR shall be determined upon exercise, pursuant to Section 2.30. 

2.19 “Fair Market Value” means the closing price of the shares of Stock on a national securities exchange on which it
is principally traded on the day on which such value is to be determined or, if no shares were traded on such day, on the next preceding day on which shares of Stock were traded, as reported by the National Quotation Bureau, Inc. or other national
quotation service. If the shares are not traded on a national securities exchange but are traded in the over-the-counter market, Fair Market Value of Stock means the
closing “asked” price of the shares in the over-the-counter market on the day on which such value is to be determined or, if such “asked” price is
not available, the last sales price on such day or, if no shares of Stock were traded on such day, on the next preceding day on which shares of Stock were traded, as reported by the National Association of Securities Dealers Automated Quotation
System (NASDAQ) or other national quotation service. If the Stock is traded neither on a national securities exchange nor in the over-the-counter market, the Fair Market
Value of Stock shall be determined based upon such factors as the Board or Committee, as applicable, shall reasonably deem appropriate, including without limitation prices or values at which the Stock has most recently been issued to third parties
or redeemed or purchased from shareholders, and which shall be in accordance with Treas. Reg. Section 1.409A-1(b)(5)(iv). 

2.20 “Incentive Stock Option” means an option to purchase Common Stock from the Corporation that is granted under
Section 8 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. To the extent the aggregate Fair Market Value (determined at the time the Incentive
Stock Option is granted) of the Common Stock with respect to which all Incentive Stock Options are exercisable for the first time by an Employee during any calendar year (under all plans described in subsection (d) of Section 422 of the
Code of the Employee’s employer corporation and its parent and Subsidiaries) exceeds $100,000, such Options shall be treated as Non-Qualified Stock Options. 

2.21 “Negative Discretion” means the discretion authorized by the Plan to be applied by the Committee to eliminate or reduce
the size of a Qualified Performance-Based Award in accordance with Section 12 of the Plan; provided, that, the exercise of such discretion would not cause the Performance Compensation Award to fail to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 2.22
“Non-Qualified Stock Option” shall mean an option to purchase Common Stock from the Corporation that is granted under Section 8 or 24 of the Plan and is not
intended to be an Incentive Stock Option. 
 2.23 “Option” means an Incentive Stock Option or a Non-Qualified Stock Option. 
 2.24 “Outside Director” means a member of the Board
or a member of a Subsidiary’s board of directors who is not an officer or employee of the Corporation or any Subsidiary or Affiliate of the Corporation. 

2.25 “Outside Director Award” means either a Director Option or a Director Stock Award or combination thereof awarded
to an Outside Director under Section 24. 
 2.26 “Participant” means any individual to
whom an Award has been granted by the Committee under this Plan. 
 2.27 “Qualified Performance-Based Award” means
(i) any Option or SAR granted under the Plan, or (ii) any other Award that is intended to qualify for the Section 162(m) Exemption and is made subject to performance goals based on Qualified Performance Measures as set forth in
Section 12. 
 2.28 “Qualified Performance Measures” means 1 or more of the performance
measures listed in Section 12.2 upon which performance goals for certain Qualified Performance-Based Awards may be established by the Committee. 

  
 4 

Exhibit 10.1 

 2.29 “Restricted Stock” means a share of Common Stock subject to restrictions,
as the Committee may determine in accordance with Plan Section 10. 
 2.30 “SAR” is an Award that
shall entitle the recipient to receive, with respect to each share of Common Stock encompassed by the exercise of the SAR, a payment equal to the excess of the Fair Market Value on the date of exercise over the Fair Market Value on the date of
grant. 
 2.31 “Section 162(m)” means Section 162(m) of the Code and the regulations promulgated thereunder and any
successor provision thereto as in effect from time to time. 
 2.32 “Section 162(m) Cash Maximum” means $5,000,000.

 2.33 “Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by Section
162(m) that is set forth in Section 162(m)(4)(C) of the Code or any successor provision thereto. 
 2.34 “Section 16”
means Section 16 of the Exchange Act and the rules promulgated thereunder and any successor provision thereto as in effect from time to time. 

2.35 “Section 16 Insider” means a Participant who is subject to the reporting requirements of Section 16 as a
result of the Participant’s position with the Corporation. 
 2.36 “Stock Award” means an Award granted
pursuant to Section 10 in the form of shares of Common Stock or restricted shares of Common Stock. 
 2.37
“Subsidiary” means a corporation or other business entity in which the Corporation directly or indirectly has an ownership interest of 50% or more, which shall include Franklin Synergy Bank and Franklin Synergy Risk Management,
Inc. 
  

	3.	ADMINISTRATION. 

 The Plan shall be administered by the Committee. The Committee
shall have the discretionary authority to: (a) interpret the Plan; (b) establish any rules and regulations it deems necessary for the proper operation and administration of the Plan; (c) select persons to become Participants and receive Awards under
the Plan; (d) determine the form of an Award, whether an Option, SAR, Stock Award, cash bonus, or other incentive award established by the Committee, the number of shares subject to the Award, all the terms, conditions, restrictions and limitations,
if any, of an Award, including the time and conditions of exercise or vesting, and the terms of any Award Notice; (e) determine whether Awards should be granted singly, in combination or in tandem; (f) grant waivers of Plan terms, conditions,
restrictions and limitations; (g) accelerate the vesting, exercise or payment of an Award or the performance period of an Award in the event of a Participant’s termination of employment or when that action or actions would be in the best
interests of the Corporation; (h) establish such other types of Awards, besides those specifically enumerated in Section 2.2, which the Committee determines are consistent with the Plan’s purpose; and (i) take all
other action it deems necessary or advisable for the proper operation or administration of the Plan. Subject to Section 21, the Committee also shall have the authority to grant Awards in replacement of Awards previously
granted under the Plan or any other executive compensation plan of the Corporation or a Subsidiary. All determinations of the Committee shall be made by a majority of its members, and its determinations shall be final, binding and conclusive on all
persons, including the Corporation and Participants. 
 The Committee, in its discretion, may delegate its authority and duties under the
Plan to the Chief Executive Officer or to other senior officers of the Corporation under conditions and limitations the Committee may establish; however, only the Committee may select, grant, and establish the terms of Awards to Section 16
Insiders or Covered Employees. 

  
 5 

Exhibit 10.1 

	4.	ELIGIBILITY. 

 Any Employee, Director or Consultant shall be eligible to be
designated a Participant; provided, however, that Non-Employee Directors shall only be eligible to receive Awards granted consistent with Section 24. 
  

	5.	NUMBER OF SHARES AVAILABLE. 

 Subject to adjustment as provided in
Section 16 of the Plan, the maximum number of shares of Common Stock that shall be available for grant of Awards under the Plan (including incentive stock options) during its term shall not exceed 5,000,000 shares. Any
shares of Common Stock related to Awards that are settled in cash in lieu of Common Stock shall be available again for grant under the Plan. Similarly, any shares of Common Stock related to Awards that terminate by expiration, forfeiture,
cancellation or otherwise without the issuance of the related shares or are exchanged with the Committee’s permission for Awards not involving Common Stock, shall be available again for grant under the Plan. Further, any shares of Common Stock
that are used by a Participant for the full or partial payment to the Corporation of the purchase price of Common Stock upon exercise of a stock option, or for withholding taxes due as a result of that exercise, shall again be available for Awards
under the Plan. Notwithstanding any provision in the Plan to the contrary, and subject to adjustment as provided in Section 16 hereof, no Participant may receive Options, SARs, or Stock Awards under the Plan during any one
calendar year that, taken together, relate to more than 200,000 shares of Common Stock. For purposes of this limitation, forfeited, canceled or repriced shares granted to a Participant in any given calendar year shall continue to be counted against
the maximum number of shares that may be granted to that Participant in that calendar year. The shares of Common Stock available for issuance under the Plan may be authorized and unissued shares. 

 

	6.	EFFECTIVE DATE; TERM. 

 The Plan shall be effective April 9, 2017 (the
“Effective Date”), subject to the approval of at least a majority vote of shareholders voting in person or by proxy at a duly held shareholders’ meeting, or if the provisions of the corporate charter,
by-laws or applicable state law prescribes a greater degree of shareholder approval for this action, the approval by the holders of that percentage, at a duly held meeting of shareholders within one year
following the Effective Date. No Options intended to be Incentive Stock Options may be granted after the tenth anniversary of the original Effective Date of the Plan. This Plan shall remain in effect until terminated by action of the Board. 

 

	7.	PARTICIPATION. 

 The Committee shall select, from time to time, Participants from
those Employees and Consultants who, in the opinion of the Committee, can further the Plan’s purposes. Once a Participant is selected, the Committee shall determine the type or types of Awards to be made to the Participant and shall establish
in the related Award Notices the terms, conditions, restrictions and limitations, if any, applicable to the Awards in addition to those set forth in the Plan and the administrative rules and regulations issued by the Committee. 

 

	8.	STOCK OPTIONS. 

 8.1 Grants. Awards may be granted in the
form of Options. Options may be Incentive Stock Options, other tax-qualified stock options, or Non-Qualified Stock Options, or a combination of any of those. 

8.2 Terms and Conditions of Options. An Option shall be exercisable in whole or in such installments and at the
times determined by the Committee. The Committee also shall determine the performance or other conditions, if any, which must be satisfied before all or part of an Option may be exercised. The price at which Common Stock may be purchased upon
exercise of a stock option shall be established by the Committee, but such price shall not be less than 110% of the Fair Market Value of the Common Stock on the date the Option is granted in the case of Incentive Stock Options when the Employee to
whom the option is to be granted owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Corporation or 

  
 6 

Exhibit 10.1 

 
of any of its Subsidiaries (a “Ten Percent Owner”), and in the case of all Options other than Incentive Stock Options, not less than 100% of the Fair Market Value of the Common Stock on
the date the Option is granted. Each Option shall expire not later than 10 years (or, in the case of an Incentive Stock Option granted to a Ten Percent Owner, not later than 5 years) from its date of grant. 

8.3 Restrictions Relating to Incentive Stock Options. Incentive Stock Options shall, in addition to being subject
to all applicable terms, conditions, restrictions and limitations established by the Committee, comply with Section 422 of the Code. Accordingly, Incentive Stock Options may only be granted to Employees who are employees of the Corporation or a
Subsidiary, and the aggregate market value (determined at the time the option was granted) of the Common Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year (under the Plan
or any other plan of the Corporation or any of its Subsidiaries) shall not exceed $100,000 (or other limit required by the Code). Except with respect to Ten Percent Owners, each Incentive Stock Option shall expire not later than 10 years from its
date of grant. No Incentive Stock Option may be exercisable more than three (3) months after a Participant ceases to be an Employee. 

8.4 Additional Terms and Conditions. The Committee may, by way of the Award Notice or otherwise, establish other
terms, conditions, restrictions and limitations, if any, on any Option, provided they are not inconsistent with the Plan. Without limiting the generality of the foregoing, Options may provide for the automatic granting of new options (“reload
options”) at the time of exercise. 
 8.5 Exercise. The Committee shall determine the methods by which the
Exercise Price of an Option may be paid, the form of payment, including, without limitation, cash, shares of Common Stock, or other property (including “cashless exercise” arrangements, so long as they do not in any way conflict with the
requirements of applicable law), and the methods by which shares of Common Stock shall be delivered or deemed to be delivered by Participants. If, however, shares of Common Stock are used to pay the Exercise Price of an Option, those shares must
have been held by the Participant for at least 6 months (or any shorter or longer period necessary to avoid a charge to the Corporation’s earnings for financial reporting purposes). 

 

	9.	STOCK APPRECIATION RIGHTS. 

 9.1 Grants. Awards may be
granted in the form of SARs. The SAR may be granted in tandem with all or a portion of a related Option under the Plan (“Tandem SARs”), or may be granted separately (“Freestanding SARs”). A Tandem SAR may be granted either at the
time of the grant of the related Option or at any time thereafter during the term of the Option. In the case of SARs granted in tandem with Options granted prior to the grant of the SARs, the appreciation in value is the difference between the
option price of the related stock option and the Fair Market Value of the Common Stock on the date of exercise. 
 9.2 Terms
and Conditions of Tandem SARs. A Tandem SAR shall be exercisable to the extent, and only to the extent, that the related Option is exercisable, and the “exercise price” of that SAR (the base from which the value of the SAR is
measured at its exercise) shall be the Exercise Price under the related Option. If a related Option is exercised as to some or all of the shares of Common Stock covered by the Award, the related Tandem SAR, if any, shall be canceled automatically to
the extent of the number of shares of Common Stock covered by the Option exercise. Upon exercise of a Tandem SAR as to some or all of the shares of Common Stock covered by the Award, the related Option shall be canceled automatically to the extent
of the number of shares of Common Stock covered by the exercise. 
 9.3 Terms and Conditions of Freestanding SARs.
Freestanding SARs shall be exercisable in whole or in the installments and at the times determined by the Committee. Freestanding SARs shall have a term specified by the Committee, in no event to exceed 10 years. The Exercise Price of a
Freestanding SAR shall also be determined by the Committee; however, that price shall not be less than 100% of the Fair Market Value on the date of grant of the Freestanding SAR of the number of shares of Common Stock to which the Freestanding SAR
relates. The Committee also shall determine the Qualified Performance Measures or other conditions, if any, that must be satisfied before all or part of a Freestanding SAR may be exercised. 

  
 7 

Exhibit 10.1 

 9.4 Deemed Exercise. The Committee may provide that an SAR shall be
deemed to be exercised at the close of business on the scheduled expiration date of the affected SAR if at that time the SAR by its terms remains exercisable and, if so exercised, would result in a payment to the holder of the SAR. 

9.5 Additional Terms and Conditions. The Committee may, by way of the Award Notice or otherwise, determine such other
terms, conditions, restrictions and limitations, if any, of any SAR Award, provided they are not inconsistent with the Plan. 
  

	10.	RESTRICTED STOCK AWARDS. 

 10.1 Grants. Awards may be granted
in the form Restricted Stock. Restricted Stock Awards shall be awarded in such numbers and at such times during the term of the Plan as the Committee shall determine and shall be made in actual shares of Common Stock. 

10.2 Award Restrictions. Restricted Stock shall be subject to terms, conditions, restrictions, and limitations, if
any, the Committee deems appropriate including, without limitation, restrictions on transferability and continued employment of the Participant. The Committee also shall determine the Qualified Performance Measures or other conditions, if any, that
must be satisfied before all or part of the applicable restrictions lapse. The Committee may, at its discretion, waive all or any part of the restrictions applicable to any or all outstanding Restricted Stock Awards. 

10.3 Rights as Shareholder. During the period in which any restricted shares of Common Stock are subject to
restrictions imposed pursuant to Section 10.2, the Participant to whom restricted shares have been awarded shall generally have the rights and privileges of a stockholder as to such Common Stock, including the right to
receive dividends and the right to vote such shares, subject to the following restrictions: (i) the Participant shall not be entitled to delivery of the stock certificate until the expiration of the restricted period and the fulfillment of any
other restrictive conditions set forth in the Award Notice with respect to such Common Stock; (ii) none of the Common Stock represented by the Award may be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed
of during such restricted period or until after the fulfillment of any such other restrictive conditions; and (iii) except as otherwise determined by the Committee at or after grant, all of the shares of Common Stock subject to the Award shall
be forfeited and all rights of the Participant to such Common Stock shall terminate, without further obligation on the part of the Corporation, unless the Participant remains in the continuous employment of the Corporation for the entire restricted
period in relation to which such shares of Common Stock were granted and unless any other restrictive conditions relating to the restricted Share Award are met. Unless otherwise provided in the applicable Award Notice, any shares of Common Stock,
any other securities of the Corporation and any other property (except for cash dividends) distributed with respect to the Common Stock subject to restricted Stock Awards shall be subject to the same restrictions, terms and conditions as such
Restricted Stock Award. including the right vote such Common Stock. Cash dividends with respect to the Common Stock subject to a Restricted Stock Award shall be currently paid to the Participant. 

10.4 Evidence of Award. Subject to Section 10.5, any Restricted Stock Award granted
under the Plan shall be evidenced by issuance of a stock certificate or certificates or, in the discretion of the Committee, through issuance of instructions to the Corporation’s transfer agent to issue the shares of Common Stock subject to the
Award in book-entry (uncertificated) form on the books and records of the transfer agent through the Direct Registration System (“DRS”) or any successor system. 

10.5 Delivery of Shares and Transfer Restrictions. Upon issuance of a certificate evidencing a Restricted
Stock Award, such certificate shall be held by the Corporation or any custodian appointed by the Corporation for the account of the Participant subject to the terms and conditions of the Plan, and shall bear such a legend setting forth the
restrictions imposed thereon as the Committee, in its discretion, may determine. Unless otherwise provided in the applicable Award Notice, the grantee shall have all rights of a stockholder with respect to the Restricted Stock. Upon the issuance of
a Restricted Stock Award in book entry form, the Corporation’s transfer agent shall be apprised of and shall duly note any restrictions such as those set forth above that are applicable to the restricted Stock Award. 

  
 8 

Exhibit 10.1 

 10.6 Termination of Restrictions. At the end of the restricted
period and provided that any other restrictive conditions of the restricted Share Award are met, or at such earlier time as otherwise determined by the Committee, all restrictions set forth in the Award Notice relating to the Restricted Stock Award
or in the Plan shall lapse as to the restricted shares of Common Stock subject thereto, and either: (i) a stock certificate for the appropriate number of shares of Common Stock, free of the restrictions and restricted stock legend, shall be
delivered to the Participant or the Participant’s beneficiary or estate, as the case may be; or (ii) in the event the Stock Award was evidenced in book entry form, the Corporation’s transfer agent shall be notified of the lapse and or
termination of the restrictions and to remove all references thereto in its books and records. 
  

	11.	PLAN CASH BONUSES. 

 While cash bonuses may be granted at any time outside this
Plan, cash awards may also be granted in addition to other Awards granted under the Plan and in addition to cash awards made outside of the Plan. Subject to the provisions of the Plan, the Committee shall have authority to determine the persons to
whom cash bonuses under the Plan shall be granted and the amount, terms and conditions of those cash bonuses. Notwithstanding anything to the contrary in this Plan, no Covered Employee shall be eligible to receive a cash bonus granted under the Plan
in excess of the Section 162(m) Cash Maximum in any fiscal year; no cash bonus shall be granted pursuant to this Plan to any Covered Employee unless the cash bonus constitutes a Qualified Performance-Based Award, and no cash bonus awarded pursuant
to the Plan shall be paid later than 2  1⁄2 months after the end of the calendar year in which such bonus was earned. 

 

	12.	PERFORMANCE GOALS FOR CERTAIN SECTION 162(m) AWARDS. 

 12.1 162(m)
Exemption. Upon the Corporation’s designation as a “publicly held corporation” within the meaning of Section 162(m)(2) of the Code, this Plan shall be operated to ensure that upon such designation all subsequent
stock options and SARs granted hereunder to any Covered Employee qualify for the Section 162(m) Exemption. 
 12.2 Qualified
Performance-Based Awards. When granting any Award other than Options or SARs, the Committee may designate the Award as a Qualified Performance-Based Award, based upon a determination that the recipient is or may be a Covered
Employee with respect to that Award, and the Committee wishes the Award to qualify for the Section 162(m) Exemption. If an Award is so designated, the Committee is authorized at any time during the first 90 days of a performance period (or, if
longer or shorter, within the maximum period allowed under Section 162(m) of the Code), or at any time thereafter (but only to the extent the exercise of such authority after such period would not cause the Qualified Performance-Based Awards granted
to any Participant for the performance period to fail to qualify as “performance-based compensation” under Section 162(m) of the Code), in its sole and absolute discretion, to adjust or modify the calculation of a Qualified Performance
Measure for such performance period to the extent permitted under Section 162(m) of the Code in order to prevent the dilution or enlargement of the rights of Participants based on the following Qualified Performance Measures, which may be expressed
in terms of Corporation-wide objectives or in terms of objectives that relate to the performance of a Subsidiary or a division, region, department or function within the Corporation or a Subsidiary: 

 

	 	1)	return on capital, equity, or assets (including economic value created), 

  

	 	2)	productivity or operating ratios or efficiencies, 

  

	 	3)	cost improvements, 

  

	 	4)	cash flow, 

  

	 	5)	sales revenue growth, 

  

	 	6)	net income, earnings per share, or earnings from operations, 

  

	 	7)	quality, 

  
 9 

Exhibit 10.1 

	 	8)	customer satisfaction, 

  

	 	9)	budget and expense management, 

  

	 	10)	economic value added or other value added measures, 

  

	 	11)	comparable store sales, 

  

	 	12)	stock price or total shareholder return, 

  

	 	13)	EBITDA or EBITDAR, 

  

	 	14)	after tax operating income, 

  

	 	15)	book value per Share, 

  

	 	16)	debt reduction, 

  

	 	17)	completions of acquisitions or business expansion, 

  

	 	18)	strategic business objectives, consisting of one or more objectives based on meeting specified cost targets, business expansion goals and goals relating to acquisitions or divestitures, or 

 

	 	19)	any combination of the foregoing. 

 Each goal may be expressed on an absolute and/or relative basis, may be
based on or otherwise employ comparisons based on internal targets, the past performance of the Corporation or any Subsidiary, operating unit, business segment or division of the Corporation and/or the past or current performance of other companies,
and in the case of earnings-based measures, may use or employ comparisons relating to capital, shareholders’ equity and/or Common Stock outstanding, or to assets or net assets. The Committee may appropriately adjust any evaluation of
performance under criteria set forth in this Section 12.2 to exclude any of the following events that occurs during a performance period: (i) asset write-downs, (ii) litigation or claim judgments or settlements,
(iii) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results, (iv) accruals for reorganization and restructuring programs and (v) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of financial condition and results of operations appearing in the
Corporation’s annual report to stockholders for the applicable year. Measurement of the Corporation’s performance against the goals established by the Committee shall be objectively determinable, and to the extent goals are expressed in
standard accounting terms, performance shall be measured according to generally accepted accounting principles as in existence on the date on which the performance goals are established and without regard to any changes in those principles after
that date. 
 12.3 Performance Goal Conditions. Each Qualified Performance-Based Award (other than an
Option or SAR) shall be earned, vested and payable (as applicable) only upon the achievement of performance goals established by the Committee based upon one or more of the Qualified Performance Measures, together with the satisfaction of any other
conditions, such as continued employment, the Committee may determine to be appropriate; however, (i) the Committee may provide, either in connection with the grant of an Award or by later amendment, that achievement of the performance goals
will be waived upon the death or Disability of the Participant, and (ii) the provisions of Section 23 shall apply notwithstanding this sentence. The Committee shall have full discretion to select the length of a
performance period (provided the period shall not be less than one fiscal quarter of duration), the type of Qualified Performance-Based Awards to be issued for the performance period, and the Qualified Performance Measures to be applied. 

12.4 Certification of Goal Achievement. Any payment of a Qualified Performance-Based Award granted with
performance goals shall be conditioned on the written certification of the Committee in each case that the performance goals and any other material conditions were satisfied. Except as specifically provided in Section 12.3,
no Qualified Performance-Based Award may be amended, nor may the Committee exercise any 

  
 10 

Exhibit 10.1 

 
discretionary authority it may otherwise have under the Plan with respect to a Qualified Performance-Based Award, in any manner to waive the achievement of the applicable performance goal based
on Qualified Performance Measures or to increase the amount payable under, or the value of, the Award, or otherwise in a manner that would cause the Qualified Performance-Based Award to cease to qualify for the Section 162(m) Exemption. 

 

	13.	PAYMENT OF AWARDS. 

 At the discretion of the Committee, payment of Awards may be
made in cash, Common Stock, a combination of cash and Common Stock, or any other form of property the Committee shall determine. In addition, payment of Awards may include terms, conditions, restrictions and limitations, if any, the Committee deems
appropriate, including, in the case of Awards paid in the form of Common Stock, restrictions on transfer and forfeiture provisions. 
  

	14.	TERMINATION OF EMPLOYMENT. 

 If a Participant’s employment with the
Corporation or a Subsidiary or Affiliate terminates for Cause or for a reason other than death, Disability, retirement, or any other approved reason, then, to the maximum extent allowed by applicable law, all unexercised, unvested, unearned, and
unpaid Awards, including without limitation, Awards earned but not yet paid, shall be canceled or forfeited, as the case may be, unless the Participant’s Award Notice provides otherwise. The Committee shall have the authority to promulgate
rules and regulations to (i) determine what events constitute Disability, retirement or termination for an approved reason for purposes of the Plan, and (ii) determine the treatment of a Participant under the Plan in the event of a
Participant’s death, Disability, retirement or termination for an approved reason. 
  

	15.	NO ASSIGNMENT. 

 No Awards (other than unrestricted Stock Awards) or any other
payment under the Plan shall be subject in any manner to alienation, anticipation, sale, transfer (except by will or the laws of descent and distribution), assignment, pledge, or encumbrance; however, the Committee may (but need not) permit other
transfers where the Committee concludes that transferability (i) does not result in accelerated taxation, (ii) does not cause any option intended to be an incentive stock option to fail to be described in Code Section 422(b), and
(iii) is otherwise appropriate and desirable, taking into account any state or federal securities laws applicable to transferable Awards. During the lifetime of the Participant no Award shall be payable to or exercisable by anyone other than
the Participant to whom it was granted, other than (a) the duly appointed conservator or other lawfully designated representative of the Participant in the case of a permanent Disability involving a mental incapacity or (b) the transferee
in the case of an Award transferred in accordance with the preceding sentence. 
  

	16.	CAPITAL ADJUSTMENTS. 

 The number and price of shares of Common Stock covered by
each Award and Outside Director Award and the total number of shares of Common Stock that may be awarded under the Plan shall be proportionately adjusted to reflect any stock dividend, stock split or share combination of the Common Stock or any
recapitalization of the Corporation. In the event of any merger, consolidation, reorganization, liquidation or dissolution of the Corporation, or any exchange of shares involving the Common Stock, any Award or Outside Director Award granted under
the Plan shall automatically be deemed to pertain to the securities and other property to which a holder of the number of shares of Common Stock covered by the Award or Outside Director Award would have been entitled to receive in connection with
any such event. The Committee shall have the sole discretion to make all interpretations and determinations required under this section to the extent it deems equitable and appropriate. It is the intent of any such adjustment that the value of the
Awards or Outside Director Awards held by the Participants or Outside Directors, as the case may be, immediately following the change is the same as that value immediately prior to the change. 

  
 11 

Exhibit 10.1 

	17.	WITHHOLDING TAXES. 

 The Corporation shall have the power and the right to deduct
or withhold, or require a Participant to remit to the Corporation, an amount sufficient to satisfy Federal, state, and local taxes (including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event
arising as a result of this Plan. With respect to withholding required upon any taxable event, the Corporation may elect in its discretion, and Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement,
in whole or in part, by withholding or having the Corporation withhold shares of Common Stock having a Fair Market Value on the date the tax is to be determined equal to (and shall not exceed) the maximum statutory total tax which could be imposed
on the transaction. All elections by Participants shall be irrevocable, made in writing, and signed by the Participant. 
  

	18.	NONCOMPETITION; CONFIDENTIALITY. 

 For purposes of this
Section 18, “Corporation” shall include any Subsidiary or Affiliate employing the Participant. A Participant will not, without the written consent of the Corporation, either during or after his or her employment
by the Corporation, disclose to anyone or make use of any confidential information which he or she has acquired during his or her employment relating to any of the business of the Corporation, except as such disclosure or use may be required in
connection with his or her work as an employee of Corporation, or as demanded by a subpoena issued by a court of competent jurisdiction, if the Participant gives notice of the demand to the Corporation as soon as reasonably possible after receipt of
the subpoena. The confidential information of the Corporation includes, but is not limited to, all technology, recipes, business systems and styles, customer lists and all other Corporation proprietary information not generally known to the public.
During Participant’s employment by the Corporation, he or she will not, either as principal, agent, consultant, employee or otherwise, engage in any work or other activity in competition with the Corporation in the field or fields in which he
or she has worked for the Corporation. Unless the Award Notice specifies otherwise, a Participant shall forfeit all rights under this Plan to any unexercised or unpaid Awards if, in the determination of the Committee, the Participant has violated
the Agreement set forth in this Section 18, and in that event any further payment or other action with respect to any Award shall be made or taken, if at all, in the sole discretion of the Committee. 

 

	19.	REGULATORY APPROVALS AND LISTINGS. 

 Notwithstanding anything contained in the
Plan to the contrary, the Corporation shall have no obligation to issue or deliver certificates of Common Stock evidencing Stock Awards or any other Award resulting in the payment of shares of Common Stock prior to (a) the obtaining of any
approval from any governmental agency which the Corporation shall, in its sole discretion, determine to be necessary or advisable, (b) the admission of the shares to quotation or listing on the automated quotation system or stock exchange on
which the Common Stock may be listed, and (c) the completion of any registration or other qualification of the shares under any State or Federal law or ruling of any governmental body that the Corporation shall, in its sole discretion,
determine to be necessary or advisable. 
  

	20.	PLAN AMENDMENT. 

 Except as provided in Section 23, the
Board or the Committee may, at any time and from time to time, suspend, amend, modify, or terminate the Plan without shareholder approval; however, if an amendment to the Plan would, in the reasonable opinion of the Board or the Committee, either
(i) result in repricing stock options or otherwise increase the benefits accruing to Participants or Outside Directors, (ii) increase the number of shares of Common Stock issuable under the Plan, or (iii) modify the requirements for
eligibility, then that amendment shall be subject to shareholder approval; and, the Board or Committee may condition any amendment or modification on the approval of shareholders of the Corporation if that approval is necessary or deemed advisable
to (i) permit Awards to be exempt from liability under Section 16(b), (ii) to comply with the listing or other requirements of an automated quotation system or stock exchange, or (iii) to satisfy any other tax, securities or other
applicable laws, policies or regulations. 

  
 12 

Exhibit 10.1 

	21.	AWARD AMENDMENTS. 

 Except as provided in Section 23,
the Committee may amend, modify or terminate any outstanding Award or Outside Director Award without approval of the Participant or Outside Director, as applicable; however: 

a. except as otherwise provided in Section 18, subject to the terms of the applicable Award Notice, an amendment,
modification or termination shall not, without the Participant’s or Outside Director’s consent, as applicable, reduce or diminish the value of the Award or Outside Director Award determined as if the Award or Outside Director Award had
been exercised, vested, cashed in (at the spread value in the case of stock options or SARs) or otherwise settled on the date of that amendment or termination; 

b. the original term of any stock option or SAR may not be extended without the prior approval of the shareholders of the
Corporation; 
 c. except as otherwise provided in Section 16 of the Plan, the exercise price of any stock option
or SAR may not be reduced, directly or indirectly, without the prior approval of the shareholders of the Corporation; and 

d. no termination, amendment, or modification of the Plan shall adversely affect any Award or Outside Director Awards
previously granted under the Plan, without the written consent of the affected Participant or Outside Director. 
  

	22.	GOVERNING LAW. 

 This Plan shall be governed by and construed in accordance with
the laws of the State of Tennessee, except as superseded by applicable Federal law. 
  

	23.	CHANGE IN CONTROL. 

 a. Change in Control Followed by Employment
Termination. In the event that a Change in Control shall occur and an Employee Participant’s employment shall terminate within twelve months after the Change in Control (except as provided in the next sentence), then (i) all
unexercised Options (whether or not vested or then exercisable) shall automatically become one hundred percent vested and exercisable immediately, (ii) no other terms, conditions, restrictions or limitations shall be imposed upon any of such
Options after such date, and in no circumstance shall an Option be forfeited on or after such date and (iii) all such Options shall be valued on the basis of the greater of the Change in Control Price or the Fair Market Value on the date of
such termination, and such value shall promptly be paid to such Participant in cash by the Corporation or its successor. The foregoing shall not apply if employment termination is due to (i) death, (ii) disability entitling the Participant to
benefits under the Corporation’s or its successor’s long-term disability plan, (iii) Cause or (iv) resignation (other than (A) resignation from a declined reassignment to a job that is not reasonably equivalent in
responsibility or compensation or that is not in the same geographic area, or (B) resignation within 30 days following a reduction in base pay). 

b. Automatic Acceleration and Cash-Out. Upon a Change in Control that results directly or
indirectly in the Stock (or the stock of any successor to the Corporation received in exchange for Stock) ceasing to be publicly traded in a national securities market, (i) all unexercised Options (whether or not vested) shall automatically
become one hundred percent vested and exercisable immediately, (ii) no other terms, conditions, restrictions or limitations shall be imposed on any such Options after such date, and in no circumstances shall an Option be forfeited on or after
such date, and (iii) all such Options shall be valued on the basis of the Change in Control Price, and such value shall promptly be paid to the Participants in cash by the Company or its successor. 

c. Miscellaneous. Upon a Change in Control, no action, including, without limitation, the amendment, suspension or termination of the
Plan, shall be taken that would adversely affect the rights of any Participant or the operation of the Plan with respect to any Option to which a Participant may have become entitled hereunder on or prior to the date of the Change in Control or to
which such Participant may become entitled as a result of such Change in Control. 

  
 13 

Exhibit 10.1 

 d. Section 16 Insiders. Notwithstanding anything to the contrary
herein, any Participant who is subject to the reporting requirements of the Exchange Act with respect to the Corporation, who on the date of the Change in Control holds Options that have been outstanding for a period of less than six months from
their date of grant, shall not be paid the consideration described in Section 12(b) above until the first day next following the end of such six-month period. 

 

	24.	AWARDS TO OUTSIDE DIRECTORS. 

 24.1 The Board may provide that all or a portion of
an Outside Director’s annual retainer, meeting fees and/or other awards or compensation as determined by the Board, be payable (either automatically or at the election of an Outside Director) in the form of
Non-Qualified Stock Options, Restricted Stock, and/or Other Stock-Based Awards, including unrestricted Shares. The Board shall determine the terms and conditions of any such Awards, including the terms and
conditions which shall apply upon a termination of the Non-Employee Director’s service as a member of the Board, and shall have full power and authority in its discretion to administer such Awards,
subject to the terms of the Plan and applicable law. 
 24.2 The Board may also grant Awards to Outside Directors pursuant to the terms of
the Plan, including any Award described in Sections 8, 9 and 10 above. With respect to such Awards, all references in the Plan to the Committee shall be deemed to be references to the Board. 

 

	25.	NO RIGHT TO EMPLOYMENT OR PARTICIPATION. 

 The grant of an Award under this Plan
shall not confer any rights upon the Participant holding such Award other than such terms, and subject to such conditions, as are specified in this Plan as being applicable to such type of Award (or to all Awards) or as are expressly set forth in
the Award Notice or other document evidencing such Award. Participation in the Plan shall not give any Participant any right to remain in the employ, or to serve as a director, of the Corporation or any Subsidiary or Affiliate. he Corporation or, in
the case of employment with a Subsidiary or Affiliate, the Subsidiary or Affiliate, reserves the right to terminate the employment of any Participant at any time. Further, the adoption of this Plan shall not be deemed to give any Employee or any
other individual any right to be selected as a Participant or to be granted an Award. 
  

	26.	NO RIGHT, TITLE OR INTEREST IN CORPORATION ASSETS. 

 The Plan is intended to
constitute an “unfunded” plan for incentive compensation. No Participant shall have any rights as a shareholder as a result of participation in the Plan until the date of issuance of a stock certificate in the Participant’s name, and,
in the case of restricted shares of Common Stock, such rights are granted to the Participant under Section 10.3 hereof. To the extent any person acquires a right to receive payments from the Corporation under the Plan,
those rights shall be no greater than the rights of an unsecured creditor of the Corporation. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver
Common Stock or to make payments in lieu of, or with respect to, Plan awards. However, unless the Committee determines otherwise with the express consent of the affected Participant, the existence of any such trusts or other arrangements is
consistent with this “unfunded” status of the Plan. 
  

	26.	SECURITIES LAWS. 

 With respect to Section 16 Insiders, transactions under this
Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails so to comply, it
shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee. 

  
 14 

Exhibit 10.1 

	27.	REQUIRED WRITTEN REPRESENTATIONS. 

 The Committee may require each person
purchasing shares pursuant to a stock option or other award under the Plan to represent to and agree with the Corporation in writing that the optionee or Participant is acquiring any shares of Common Stock without a view to their distribution. The
certificates for shares may include any legend which the Committee deems appropriate to reflect any restrictions on transfer. All certificates for shares of Common Stock or other securities delivered under the Plan shall be subject to stop transfer
orders and other restrictions the Committee deems advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed, and any applicable Federal or
state securities laws, and the Committee may cause a legend or legends to be put on any certificates to make appropriate reference to the applicable restrictions. Each Participant is responsible for fully complying with all applicable state and
federal securities laws and rules and the Corporation assumes no responsibility for compliance with any such laws or rules pertaining to a Participant’s resale of any shares of Common Stock acquired pursuant to this Plan. 

 

	28.	NON-EXCLUSIVE ARRANGEMENT. 

 Nothing
contained in this Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to shareholder approval if required; and those arrangements may be either generally applicable or applicable only in specific cases.

  

	29.	LIMITS ON LIABILITY AND INDEMNIFICATION. 

 The members of the Committee and the
Board shall not be liable to any employee or other person with respect to any determination made under the Plan in a manner that is not inconsistent with their legal obligations as members of the Board. In addition to all other rights of
indemnification they may have as directors or as members of the Committee, the members of the Committee shall be indemnified by the Corporation against reasonable expenses, including attorneys’ fees actually and necessarily incurred in
connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party because of any action taken or failure to act under or in connection with the Plan or any Award
granted under it, and against all amounts paid by them in settlement (provided the settlement is approved by independent legal counsel selected by the Corporation) or paid to them in satisfaction of a judgment in that action, suit or proceeding,
except in relation to matters as to which it shall be adjudged in the action, suit or proceeding that the Committee member is liable for negligence or misconduct in the performance of his or her duties. Within 60 days after institution of any
action, suit or proceeding covered by this Section, the Committee member must inform the Corporation in writing of the claim and offer the Corporation the opportunity, at its own expense, to handle and defend the matter. 

  
 15 

Exhibit 10.1

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