Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 7 
 TO 

REVOLVING CREDIT AND SECURITY AGREEMENT 

THIS AMENDMENT NO. 7 (this “Amendment”) is entered into as of December 23, 2014, by and among HUTCHINSON TECHNOLOGY
INCORPORATED, a corporation organized under the laws of the State of Minnesota (“HTI”) (HTI and each other Person who becomes a Borrower under the Loan Agreement referred to below, each a “Borrower,” and
collectively “Borrowers”), the financial institutions set forth on the signature pages hereto (each a “Lender” and collectively, “Lenders”) and PNC Bank, National Association as agent for Lenders
(in such capacity, “Agent”). 
 BACKGROUND 

Borrowers, Agent and Lenders are parties to a Revolving Credit and Security Agreement dated as of September 16, 2011 (as amended,
restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which Agent and Lenders provide Borrowers with certain financial accommodations. 

Borrowers have requested that Agent and Lenders (i) advance a term loan in the amount of $15,000,000 and (ii) agree to certain
amendments to the Loan Agreement in connection therewith, and Agent and Lenders are willing to do so on the terms and conditions hereafter set forth. 

NOW, THEREFORE, in consideration of any loan or advance or grant of credit heretofore or hereafter made to or for the account of Borrowers by
Agent and Lenders, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Definitions. All capitalized terms not otherwise defined herein shall have the meanings given to them in the Loan Agreement. 

2. Amendment to Loan Agreement. Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan
Agreement is hereby amended as follows: 
 (a) Section 1.2 of the Loan Agreement is hereby amended by adding the following defined terms
in their appropriate alphabetical order: 
 “Amendment No. 7 Effective Date” shall mean December 23, 2014. 

“Contract Rate” shall mean, as applicable, the Revolving Interest Rate or the Term Loan Rate. 

“Term Loan” shall have the meaning set forth in Section 2.22 hereof. 

 “Term Loan Rate” shall mean (a) with respect to Term Loans that are
Domestic Rate Loans, an interest rate per annum equal to the sum of two and a half percent (2.50%) plus the Alternate Base Rate and (b) with respect to Term Loans that are Eurodollar Rate Loans, the sum of three and a half percent
(3.50%) plus the greater of (i) the Eurodollar Rate and (ii) one percent (1.00%). 
 “Term Note”
shall have the meaning set forth in Section 2.22 hereof. 
 (b) Section 1.2 of the Loan Agreement is hereby further amended by
amending and restating the following defined terms in their entirety as follows: 
 “Advances” shall mean and include the
Revolving Advances, Letters of Credit, as well as the Term Loan. 
 “Note” shall mean collectively, the Term Note and the
Revolving Credit Note. 
 “Revolving Advances” shall mean Advances made other than Letters of Credit and the Term Loan.

 (c) The definition of “Senior Debt Payments” appearing in Section 1.2 of the Loan Agreement is hereby amended by deleting
the period immediately after clause (d) thereof and inserting the following text: 
 “, plus (e) scheduled principal payments
on the Term Loan.” 
 (d) The definition of “Undrawn Availability” appearing in Section 1.2 of the Loan Agreement is
hereby amended by inserting “(other than the Term Loan)” immediately after the text “Advances”. 
 (e)
Section 2.5(a) of the Loan Agreement is hereby amended and restated in its entirety to provide as follows: 
 “(a) The Revolving
Advances shall be due and payable in full on the last day of the Term subject to earlier prepayment as herein provided. The Term Loan shall be due and payable as provided in Section 2.22 hereof and in the Term Note, subject to mandatory
prepayments as herein provided.” 
 (f) Section 2.6 of the Loan Agreement is hereby amended by deleting the references to
“Advances” and inserting “Revolving Advances” in lieu thereof. 
 (g) Section 2.19 of the Loan Agreement is hereby
amended by amending and restating clauses (a) and (b) thereof in their entirety as follows: 
 “(a) Each borrowing of
Revolving Advances shall be advanced according to the applicable Commitment Percentages of Lenders. The Term Loan shall be advanced according to the applicable Commitment Percentages of Lenders. 

  
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 (b) Each payment (including each prepayment) by any Borrower on account of the principal of and
interest on the Revolving Advances, shall be applied to the Revolving Advances pro rata according to the applicable Commitment Percentages of Lenders. Each payment (including each prepayment) by any Borrower on account of the principal of and
interest on the Term Note, shall be applied to that portion of the Term Loan evidenced by the Term Note pro rata according to the Commitment Percentages of Lenders. Except as expressly provided herein, all payments (including prepayments) to be made
by any Borrower on account of principal, interest and fees shall be made without set off or counterclaim and shall be made to Agent on behalf of the Lenders to the Payment Office, in each case on or prior to 1:00 P.M., New York time, in Dollars and
in immediately available funds.” 
 (h) Section 2.19(c)(ii) and (iii) of the Loan Agreement are each hereby amended by
deleting the reference to “Advances” and inserting “Revolving Advances” in lieu thereof. 
 (i) Section 2.19(e) of
the Loan Agreement is hereby amended by deleting the reference to “Revolving Advances” and inserting “Advances” in lieu thereof. 

(j) Section 2.20(a) is hereby amended by inserting the following sentence at the end thereof: 

“Borrowers shall not use the proceeds of any Revolving Advance to prepay the Term Loan.” 

(k) Article II is amending by inserting the following new Sections 2.22 and 2.23 immediately after the existing Section 2.21: 

“2.22 Term Loan. Subject to the terms and conditions of this Agreement, each Lender, severally and not jointly, will make a term
loan (the “Term Loan”) to Borrowers in the sum equal to such Lender’s Commitment Percentage of $15,000,000. The Term Loan shall be advanced on the Amendment No. 7 Effective Date and shall be, with respect to principal,
payable, subject to acceleration upon the occurrence and during the continuance of an Event of Default under this Agreement or early termination of this Agreement pursuant to the terms hereof, in quarterly installments each in the amount of $750,000
on the first day of each calendar quarter commencing on April 1, 2015, with a final installment comprised of all principal not sooner paid on the Term Loan being payable on the last day of the Term. The Term Loan shall be evidenced by one or
more secured promissory notes (collectively, the “Term Note”) in substantially the form attached hereto as Exhibit 2.22. The Term Loan 

  
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may consist of Domestic Rate Loans or Eurodollar Rate Loans, or a combination thereof, as Borrowing Agent may request. In the event that Borrowers desire to obtain or extend a Eurodollar Rate
Loan or to convert a Domestic Rate Loan to a Eurodollar Rate Loan, Borrowing Agent shall comply with the notification requirements set forth in Sections 2.2(b) and (d) and the provisions of Sections 2.2(b) through (g) shall apply. 

2.23 Mandatory Prepayment. When any Borrower sells or otherwise disposes of any Collateral after the Amendment No. 7 Effective
Date, other than any sale or other disposition of Collateral permitted by clauses (ii) through (x) of Section 7.1(c) hereof, Borrowers shall repay the Advances in an amount equal to the net cash proceeds of such sale (i.e., gross cash
proceeds less the reasonable costs of such sale or other disposition, any taxes paid or payable by any Borrower as a result of such sale or other disposition, any Indebtedness or other obligation secured by the Collateral subject to such sale or
other disposition which is repaid in connection with such sale or other disposition, and reserves for contingent obligations such as purchase price adjustments and indemnification obligations required by the terms of the related purchase agreement),
such repayments to be made promptly but in no event more than one (1) Business Day following receipt of such net cash proceeds, and until the date of payment, such net cash proceeds shall be held in trust for Agent. Notwithstanding the
foregoing, so long as no Default or Event of Default then exists, no prepayment of any Advances shall be required by this Section 2.23 with the net cash proceeds of any sale or other disposition of Collateral if a Borrower has notified the
Agent promptly but in no event more than one (1) Business Day following receipt of such net cash proceeds that it intends to use such net cash proceeds within 360 days of such sale or other disposition to make Capital Expenditures for or in
respect of fixed assets or improvements, replacements, substitutions or additions to fixed assets that are or will become part of the Collateral. Promptly after the end of such 360-day period, the Borrowers shall notify the Agent whether the
Borrowers have used such net cash proceeds for such purposes and, to the extent such net cash proceeds have not been so used, shall repay the Advances in an amount equal to the net cash proceeds not so used. The foregoing shall not be deemed to be
implied consent to any such sale otherwise prohibited by the terms and conditions hereof. Repayments pursuant to this Section 2.23 shall be applied (i) first, to the outstanding principal installments of the Term Loan on a pro rata basis
(allocated among Eurodollar Rate Loans and Domestic Rate Loans as determined by the Borrowers) and (ii) second to the remaining Advances (allocated among Eurodollar Rate Loans and Domestic Rate Loans as determined by the Borrowers), subject to
Borrowers’ ability to re-borrow Revolving Advances in accordance with the terms hereof.” 

  
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 (l) Section 3.1 of the Loan Agreement is hereby amended and restated in its entirety to
provide as follows: 
 “3.1. Interest. Interest on Advances shall be payable in arrears on the first day of each month with
respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period or, for Eurodollar Rate Loans with an Interest Period in excess of three months, at the earlier of (a) each three months from the
commencement of such Interest Period or (b) the end of the Interest Period. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to (i) with respect to
Revolving Advances, the applicable Revolving Interest Rate and (ii) with respect to the Term Loan, the applicable Term Loan Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the
applicable Contract Rate for Domestic Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. The
Eurodollar Rate shall be adjusted with respect to Eurodollar Rate Loans without notice or demand of any kind on the effective date of any change in the Reserve Percentage as of such effective date. Upon and after the occurrence of an Event of
Default, and during the continuation thereof, at the option of Agent or at the direction of Required Lenders, (i) the Obligations other than Eurodollar Rate Loans shall bear interest at the Revolving Interest Rate for Domestic Rate Loans plus
two (2%) percent per annum and (ii) each Eurodollar Rate Loan shall bear interest at the applicable Contract Interest Rate for such Eurodollar Rate Loan plus two (2%) percent per annum (as applicable, the “Default
Rate”).” 
 (m) Section 3.5 of the Loan Agreement is hereby amended by deleting the reference to “Revolving Interest
Rate” and inserting “applicable Contract Rate” in lieu thereof. 
 (n) The first sentence of Section 9.2 of the Loan
Agreement is hereby amended by deleting the period at the end thereof and inserting the following language: 
 “and
(iii) concurrently with the delivery of the quarterly financial statements as required under Section 9.8 hereof, a schedule summarizing all appraised equipment, including the value of such equipment, that was disposed of during the
previous fiscal quarter as permitted under clauses (v), (ix) and (x) of Section 7.1(c) hereof.” 
 (o) The fourth
paragraph of Section 16.2(b) of the Loan Agreement is hereby amended by deleting the reference to “Advances” and inserting “Revolving Advances” in lieu thereof. 

(p) Paragraphs (c) and (d) of Section 16.3 of the Loan Agreement are hereby amended by adding the text “and/or Term
Loans” immediately after the text “Revolving Advances” as such text appears throughout such paragraphs. 

  
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 (q) The Exhibits to the Loan Agreement are hereby amended by adding Exhibit A attached hereto as
Exhibit 2.22. 
 3. Conditions of Effectiveness. This Amendment shall become effective upon satisfaction of the following conditions
precedent. Agent shall have received: 
 (a) a copy of this Amendment executed by Borrowers, Agent and Lenders 

(b) a copy of the Term Note, dated as of the date hereof, executed by Borrowers; 

(c) resolutions in form and substance reasonably satisfactory to Agent, of the board of directors (or other equivalent governing body, member
or partner) of each Borrower authorizing the execution, delivery and performance of this Amendment and the Term Note. 
 (d) an opinion of
counsel to Borrowers in form and substance reasonably satisfactory to Agent 
 (e) an amendment fee of $300,000 which shall be charged by
Agent to Borrowers’ Account. 
 4. Representations and Warranties. Each Borrower hereby represents and warrants as follows: 

(a) This Amendment and the Loan Agreement, as amended hereby, constitute legal, valid and binding obligations of Borrowers and are enforceable
against Borrowers in accordance with their respective terms (except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally or general principals of
equity). 
 (b) Upon the effectiveness of this Amendment, each Borrower hereby reaffirms all covenants, representations and warranties made
in the Loan Agreement to the extent the same are not amended hereby and agrees that all such covenants, representations and warranties shall be deemed to have been remade as of the effective date of this Amendment. 

(c) The execution, delivery and performance of this Amendment and all other documents in connection therewith has been duly authorized by all
necessary corporate action on the part of the Borrowers, and do not contravene, violate or cause the breach of any agreement, judgment, order, law or regulation applicable to any Borrower. 

(d) Upon the effectiveness of this Amendment, no Event of Default or Default has occurred and is continuing. 

(e) No Borrower has any defense, counterclaim or offset with respect to the Loan Agreement. 

5. Representation by Agent. Agent hereby represents that, as of the date hereof, PNC Bank, National Association is the only Lender party
to the Loan Agreement. 

  
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 6. Effect on the Loan Agreement. 

(a) Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein” or words of like import shall mean and be a reference to the Loan Agreement as amended hereby. 
 (b)
Except as specifically amended herein, the Loan Agreement, and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. 

(c) Except as otherwise expressly contemplated hereby, the execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of Agent or Lenders, nor constitute a waiver of any provision of the Loan Agreement, or any other documents, instruments or agreements executed and/or delivered under or in connection therewith. 

(d) This Amendment shall be an Other Document for all purposes under the Loan Agreement. 

7. Release. The Borrowers hereby acknowledge and agree that: (a) to their knowledge neither they nor any of their Subsidiaries have
any claim or cause of action against Agent or any Lender (or any of Agent’s or any Lender’s Affiliates, officers, directors, employees, attorneys, consultants or agents) under the Loan Agreement or the Other Documents and (b) to their
knowledge Agent and each Lender have heretofore properly performed and satisfied in a timely manner all of their respective obligations to the Borrowers under the Loan Agreement and the Other Documents. Notwithstanding the foregoing, Agent and each
Lender wish (and the Borrowers agree) to eliminate any possibility that any past conditions, acts, omissions, events or circumstances would impair or otherwise adversely affect any of Agent’s or such Lender’s rights, interests, security
and/or remedies under the Loan Agreement and the Other Documents. Accordingly, for and in consideration of the agreements contained in this Agreement and other good and valuable consideration, the Borrowers (for themselves and their respective
Subsidiaries and the successors, assigns, heirs and representatives of each of the foregoing) (each a “Releasor” and collectively, the “Releasors”) do hereby fully, finally, unconditionally and irrevocably release
and forever discharge Agent, each Lender and each of their respective Affiliates, officers, directors, employees, attorneys, consultants and agents (each a “Released Party” and collectively, the “Released Parties”) from
any and all debts, claims, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether known or unknown, contingent of fixed, direct or indirect, and of whatever
nature or description, and whether in law or in equity, under contract, tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can, shall or may have against any Released Party by reason of any act, omission or thing
whatsoever done or omitted to be done, except for a Released Party’s gross negligence or willful misconduct as finally determined by a court of competent jurisdiction, prior to the date hereof arising out of, connected with or related in any
way to the Loan Agreement or any Other Document, or any act, event or transaction related or attendant thereto, or Agent’s or any Lender’s agreements contained therein, or the possession, use, operation or control in connection therewith
of any of the assets of the Borrowers, or the making of any advance thereunder, or the management of such advance or the Collateral. 

  
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 8. Governing Law. This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns and shall be governed by and construed in accordance with the laws of the State of New York. 

9. Costs and Expenses. Borrowers hereby agree to pay the Agent, on demand, all reasonable costs and expenses (including reasonable
attorneys’ fees and legal expenses) incurred by Agent in connection with this Agreement and any instruments or documents contemplated hereunder. 

10. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part
of this Amendment for any other purpose. 
 11. Counterparts; Electronic Transmission. This Amendment may be executed by the parties
hereto in one or more counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission or other electronic
transmission (including transmission of a PDF file) shall be deemed to be an original signature hereto. 
 [Signature page follows this page]

  
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 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first written
above. 
  

			
	HUTCHINSON TECHNOLOGY INCORPORATED
		
	By:	 	 /s/ David P. Radloff

	Name:	 	David P. Radloff
	Title:	 	Vice President and
		 	Chief Financial Officer
	
	 PNC BANK, NATIONAL ASSOCIATION, as

Agent and Lender

		
	By:	 	 /s/ Robert Anchundia

	Name:	 	Robert Anchundia
	Title:	 	Senior Vice President

 Signature Page to Amendment No. 7 to Revolving Credit and Security Agreement 

 Exhibit A 

Exhibit 2.22—Form of Term Note 

(To be attached.) 

  
 Exhibit A 

 TERM NOTE 
  

			
	$15,000,000	  	New York, New York
		  	December 23, 2014

 This Term Note (this “Note”) is executed and delivered under and pursuant to the terms of that
certain Revolving Credit and Security Agreement dated as of September 16, 2011 (as amended, modified, supplemented or restated from time to time, the “Loan Agreement”) by and among Hutchinson Technology Incorporated, a Minnesota
corporation (“Borrower”), PNC Bank, National Association (“PNC”), the various other financial institutions named therein or which hereafter become a party thereto (together with PNC, collectively, the “Lenders”) and
PNC, as agent for the Lenders (PNC, in such capacity, “Agent”). Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Loan Agreement. 

FOR VALUE RECEIVED, Borrower promises to pay to the order of Agent, for its benefit and for the ratable benefit of the Lenders, at
Agent’s offices located at 340 Madison Avenue, New York, NY 10173, or at such other place as the holder hereof may from time to time designate to Borrowing Agent in writing: 

(i) the principal sum of FIFTEEN MILLION AND 00/100 DOLLARS ($15,000,000), payable in accordance with the provisions of the Loan Agreement,
subject to acceleration upon the occurrence and during the continuance of an Event of Default under the Loan Agreement, or earlier termination of the Loan Agreement pursuant to the terms thereof; and 

(ii) interest on the principal amount of this Note from time to time outstanding, payable at the applicable Term Loan Rate in accordance with
the provisions of the Loan Agreement. Upon and after the occurrence of an Event of Default, and during the continuation thereof, at the option of the Agent or at the direction of Required Lenders, interest shall be payable at the applicable Default
Rate. In no event, however, shall interest hereunder exceed the maximum interest rate permitted by law. 
 This Note is the Term Note
referred to in the Loan Agreement and is secured, inter alia, by the liens granted pursuant to the Loan Agreement and the Other Documents, is entitled to the benefits of the Loan Agreement and the Other Documents, and is subject to all of the
agreements, terms and conditions therein contained. 
 This Note is subject to mandatory prepayment and may be voluntarily prepaid, in whole
or in part, on the terms and conditions set forth in the Loan Agreement. 
 If an Event of Default under Section 10.7 of the Loan
Agreement shall occur, then this Note shall immediately become due and payable, without notice, together with reasonable attorneys’ fees if the collection hereof is placed in the hands of an attorney to obtain or enforce payment hereof. If any
other Event of Default shall occur under the Loan Agreement or any of the Other Documents which is not cured within any applicable grace period or waived, then this Note may, as provided in the Loan Agreement, be declared to be immediately due and
payable, without notice, together with reasonable attorneys’ fees, if the collection hereof is placed in the hands of an attorney to obtain or enforce payment hereof. 

This Note shall be governed by and construed in accordance with the laws of the State of New York. 

[Remainder of Page Intentionally Left Blank] 

 Borrower expressly waives any presentment, demand, protest, notice of protest, or notice of any
kind except as expressly provided in the Loan Agreement. 
  

			
	HUTCHINSON TECHNOLOGY INCORPORATED
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
	STATE OF                               )	 		  	
		 	: ss.:	  	
	COUNTY OF                           )	 		  	

 On the              day of
                    , 2014, before me personally came
                    , to me known, who being by me duly sworn, did depose and say that s/he is the
                     of Hutchinson Technology Incorporated, the corporation described in and which executed the foregoing instrument; and that
s/he was authorized to sign her/his name thereto by order of the board of directors of said corporation. 
  

	
	  

	Notary PublicExhibit 10.1

 

CONSULTING SERVICES AGREEMENT

 

This CONSULTING SERVICES AGREEMENT (the
“Agreement”) is made as of the 31st day of December, 2014, by and between Matthew Thompson, an individual
(“Consultant”), and American CareSource Holdings, Inc., a Delaware Corporation (“Client”).

 

WHEREAS, in connection with the Agreement,
Client has requested that Consultant perform certain services as further described herein and Consultant has agreed to perform
such services for the fee amounts described herein.

 

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

 

1.            Services.
It is understood and agreed that Consultant will provide services (the “Services”) under one or more statements of
work, each of which shall be deemed to be incorporated herein and which shall be in the form of the statement of work attached
hereto as Exhibit A or such other form as the parties shall mutually agree (each a “Statement of Work” and collectively,
the “Statements of Work”). All such Statements of Work shall set forth the fees to be paid to Consultant, which shall
be $200.00 per hour.

 

2.            Payment
of Invoices. Consultant’s invoices are due upon presentation. Invoices upon which payment is not received within ninety
(90) days of the invoice date shall accrue a late charge of the lesser of (i) 1 1/2% per month or (ii) the highest rate allowable
by law, in each case compounded monthly to the extent allowable by law. Without limiting its rights or remedies, Consultant shall
have the right to halt or terminate the Services entirely if payment is not received within ninety (90) days of the invoice date.
The Client shall be responsible for all taxes imposed on the Services or on the transaction, other than income taxes imposed on
a net basis or by withholding, and other than taxes imposed on Consultant’s property.

 

3.            Term.

 

A.           Unless
terminated sooner in accordance with Section 3(B) below, this Agreement may be terminated upon twenty (20) days written notice
by one party to the other party.

 

B.           
Either party may terminate this Agreement immediately upon notice to the other party if: (i) the other party materially breaches
any obligation under this Agreement or a Statement of Work, and if such breach is capable of being cured, the breaching party fails
to cure such breach within ten (10) days after written notice setting forth in reasonable detail the nature of the breach; or (ii)
the other party ceases to conduct business in the normal course, becomes insolvent, voluntarily enters into bankruptcy proceedings
or becomes subject to bankruptcy proceedings or any other judicial proceedings that relate to insolvency or protection of creditor’s
rights which remain undismissed for 60 days.

 

C.           Unless
otherwise specified therein, a Statement of Work shall terminate upon the sooner of the completion of the Services to be performed
thereunder or the mutual agreement of the parties. Notwithstanding anything to the contrary in the previous sentence, any termination
of this Agreement pursuant to Section 3(B) above shall cause all Statements of Work hereunder to terminate simultaneously, subject
in all cases to Section 3(D) below.

 

    	- 1 -

    	 

    

 

Exhibit 10.1

 

D.           Upon
termination of this Agreement, the Client will compensate Consultant for the Services performed and expenses that are pre-approved
in writing by Client and incurred by Consultant through the effective date of termination under the terms of any outstanding Statements
of Work.

 

E.           Regarding
Consultant’s existing options and other equity incentives granted to Consultant by the Client (the “Equity Incentives”),
notwithstanding anything to the contrary in this Agreement or any agreement regarding the Equity Incentives, the Client agrees
that: (a) Consultant’s services to the Client under this Agreement shall be considered an uninterrupted continuation
of service for purposes of the Equity Incentives, such that the termination of Consultant’s relationship with the Client
as an employee did not and shall not cause the Equity Incentives to terminate or expire, provided that termination or expiration
of Consultant’s relationship with the Client as a consultant and termination of this Agreement shall be treated as a termination
of services for purposes of the Equity Incentives; (b) upon termination or expiration of this Agreement for any reason, the
Equity Incentives, if any, which are unvested at the date of such termination or expiration shall immediately vest and be exercisable;
and (c) pursuant to Section 4 of that certain Employment Agreement, dated April 29, 2011, by and between the Client and Consultant
(the “Employment Agreement”), which shall continue to be applicable, in the event of a Change of Control of the Client
(as defined in Section 4 of the Employment Agreement), the Equity Incentives, if any, which are unvested at the date of the Change
of Control shall immediately vest and be exercisable. Notwithstanding anything in the foregoing to the contrary, in the event any
of the terms set forth in this Section 3 E. violate or are otherwise impermissible under the terms of the applicable incentive
plan pursuant to which the underlying Equity Incentives were issued, the terms of the applicable incentive plan shall govern, and
the terms of this Section 3 E. shall be automatically amended to the least extent necessary to comply with such plan while, to
the maximum extent possible, effectuating the parties intent described in this Section E.

 

4.          Confidentiality.
To the extent that, in connection with this engagement, Consultant comes into possession of any trade secrets or other confidential
or proprietary information of the Client, Consultant will not disclose such information to any third party without the Client’s
consent. The Client hereby consents to Consultant disclosing such information (a) as may be required by law, regulation, judicial
or administrative process, or in connection with litigation pertaining hereto; or (b) to the extent such information (i) shall
have otherwise become publicly available (including, without limitation, any information filed with any governmental agency and
available to the public) other than as the result of a disclosure by Consultant in breach hereof, (ii) is disclosed by the Client
to a third party without substantially the same restrictions as set forth herein, (iii) becomes available to Consultant on a non-confidential
basis from a source other than the Client which Consultant believes is not prohibited from disclosing such information to Consultant
by obligation to the Client, (iv) is known by Consultant prior to its receipt from the Client without any obligation of confidentiality
with respect thereto, or (v) is developed by Consultant independently of any disclosures made by the Client to Consultant of such
information. In satisfying its obligation under this paragraph, Consultant shall maintain the Client’s trade secrets and
proprietary or confidential information in confidence using at least the same degree of care as it employs in maintaining in confidence
its own trade secrets and proprietary or confidential information, but in no event less than a reasonable degree of care. Consultant
understands and acknowledges that Client is a public reporting company and that in connection with the Services, Consultant may
learn and/or have access to material non-public information. Consultant understands the rules, regulations and the policies of
the Client related to material non-public information and the dissemination thereof or the trading of equity thereon. Consultant
agrees to follow all such rules, regulations and policies.

    	- 2 -

    	 

    

 

Exhibit 10.1

 

5.          Limitation
on Warranties. This is a services engagement. Consultant warrants that it shall perform the services in good faith and in a
commercially reasonable manner. Consultant disclaims all other warranties, either express
or implied, including, without limitation, warranties of merchantability and fitness for a particular purpose. The
Client’s exclusive remedy for any breach of this warranty shall be for Consultant, upon receipt of written notice, to use
diligent efforts to cure such breach, or, failing any cure in a reasonable period of time, the return of professional fees paid
to Consultant under the applicable Statement of Work with respect to the Services giving rise to such breach.

 

6.          Limitation
on Damages. The Client agrees that Consultant, shall not be liable to Client for any claims (including without limitation,
claims for contribution or indemnity), expenses, demands, damages or liabilities of any kind (whether direct or indirect,
in contract, tort or otherwise), relating to or arising out of this Agreement, any Statement of Work (including, without limitation,
Consultant’s role or services in connection therewith) or any transaction or matter which is related to the subject matter
of this Agreement or any Statement of Work (“Claims”) for an aggregate amount in excess of the fees paid by the Client
to Consultant pursuant to the Statement of Work giving rise to the Claim, except to the extent finally judicially determined to
have resulted primarily from the bad faith of or fraud by Consultant. In no event shall Consultant, be liable for any loss of use,
data, goodwill, revenues or profits (whether or not deemed to constitute direct Claims), or any consequential, special, indirect,
incidental, punitive or exemplary loss, damage, or expense relating to any Claim.  In circumstances where all or any portion
of the provisions of this section are finally judicially determined to be unavailable, the aggregate liability of Consultant, its
subcontractors and their respective personnel for any Claim shall not exceed an amount which is proportional to the relative fault
that their conduct bears to all other conduct giving rise to such Claim.

 

7.          Indemnification.
The Client agrees (i) to indemnify and hold harmless Consultant (Consultant being referred to as an “Indemnified Person”),
from and against any losses, claims, demands, damages or liabilities of any kind, whether direct or indirect, in contract, tort
or otherwise (collectively, “Liabilities”) relating to or arising out of this Agreement, any Statement of Work (including,
without limitation, Consultant’s role or services in connection therewith) or any transaction or matter which is related
to the subject matter of this Agreement or any Statement of Work, and (ii) to reimburse each Indemnified Person for all reasonable
expenses (including reasonable fees and disbursements of counsel and the cost of Consultant professional time) incurred by such
Indemnified Person in connection with investigating, preparing or defending any investigative, administrative, judicial or regulatory
action or proceeding in any jurisdiction related to or arising out of such activities, services, or role, whether or not in connection
with pending or threatened litigation to which any Indemnified Person is a party, in each case as such expenses are incurred or
paid (collectively “Expenses”). The Client will not, however, be responsible for any such Liabilities or Expenses to
the extent that they are finally judicially determined to have resulted primarily from Consultant’s fraud, bad faith or gross
negligence or a breach by Consultant of Section 5 hereof.

 

    	- 3 -

    	 

    

 

Exhibit 10.1

 

8.          Client
Responsibilities. The Client shall cooperate with Consultant in the performance by Consultant of the Services, including, without
limitation, providing Consultant with reasonable facilities and timely access to data, information and personnel of the Client.
The Client shall be responsible for the performance of its personnel and agents and for the accuracy and completeness of all data
and information provided to Consultant for purposes of the performance by Consultant of the Services. The Client acknowledges and
agrees that Consultant’s performance is dependent upon the timely and effective satisfaction of the Client’s responsibilities
hereunder and timely decisions and approvals of the Client in connection with the Services. Consultant shall be entitled to rely
on all decisions and approvals of the Client. Consultant shall be entitled to assume, without independent verification, the accuracy
of all representations, assumptions, data and information provided to Consultant by the Client and its representatives. The Client
shall be solely responsible for, among other things: (a) making all management decisions and performing all management functions;
(b) designating a competent management member to oversee the Services; (c) evaluating the adequacy and results of the Services;
(d) accepting responsibility for the results of the Services; and (e) establishing and maintaining internal controls, including,
without limitation, monitoring ongoing activities. Consultant has no obligation to conduct any appraisal of any assets or liabilities.

 

9.          Third
Parties and Internal Use. All Services shall be solely for the Client’s informational purposes and internal use, and
this engagement does not create privity between Consultant and any person or party other than the Client, including any shareholder
or creditor of the Client (a “Third Party”). This engagement is not intended for the express or implied benefit of
any Third Party. Unless otherwise agreed to in writing by Consultant, no Third Party is entitled to rely, in any manner or for
any purpose, on the advice, opinions, reports, or other Services of Consultant. In the event of any unauthorized reliance, the
Client agrees that any Liabilities (as defined in Section 7) and Expenses (as defined in Section 7) arising with respect thereto
will be subject to the indemnity and reimbursement provisions in Section 7.

 

10.         Force
Majeure. Except for the payment of money, neither party shall be liable for any delays or nonperformance resulting from circumstances
or causes beyond its reasonable control, including, without limitation, acts or omissions or the failure to cooperate by the other
party (including, without limitation, entities or individuals under its control, or any of their respective officers, directors,
employees, other personnel and agents), acts or omissions or the failure to cooperate by any third party, fire or other casualty,
act of God, strike or labor dispute, travel restrictions, terrorism, war or other violence, or any law, order, or requirement of
any governmental agency or authority.

 

11.         Independent
Contractor. It is understood and agreed that each party hereto is an independent contractor and that neither party is, nor
shall be considered to be, the other’s agent, distributor, partner, fiduciary, joint venturer, co-owner, or representative.
Neither party shall act or represent itself, directly or by implication, in any such capacity or in any manner assume or create
any obligation on behalf of, or in the name of, the other.

 

    	- 4 -

    	 

    

 

Exhibit 10.1

 

12.         Survival
and Interpretation. The agreements and undertakings of the Client contained in any Statements of Work, together with all paragraphs
herein relating to payment of invoices, ownership of Consultant property, limitation on damages, waiver of jury trial, information
and data, confidentiality, survival and interpretation, assignment, governing law, indemnification, limitations on actions and
limitations on warranties shall survive the expiration or termination of this Agreement.  

 

13.         Assignment
and Subcontracting. Neither party may assign, transfer or delegate any of its rights or obligations hereunder (including, without
limitation, interests or Claims) without the prior written consent of the other party.

 

14.         Waiver
of Jury Trial. Consultant and the Client hereby irrevocably waive, to the fullest extent permitted by law, all rights to trial
by jury in any action, proceeding or counterclaim relating to this engagement.

 

15.         Governing
Law and Severability. These terms, the Statements of Work, including exhibits and all matters relating to this Agreement shall
be governed by, and construed in accordance with, the laws of the State of Georgia (without giving effect to the choice of law
principles thereof). Any action based on or arising out of this engagement or the Services provided or to be provided hereunder
shall be brought and maintained exclusively in any court of the State of Georgia or any federal court of the United States, in
each case located in Fulton County, the State of Georgia. Each of the parties hereby expressly and irrevocably submits to the jurisdiction
of such courts for the purposes of any such action and expressly and irrevocably waives, to the fullest extent permitted by law,
any objection which it may have or hereafter may have to the laying of venue of any such action brought in any such court and any
claim that any such action has been brought in an inconvenient forum. If any provision of these terms or any Statements of Work
are found by a court of competent jurisdiction to be unenforceable, such provision shall not affect the other provisions, but such
unenforceable provision shall be deemed modified to the extent necessary to render it enforceable, preserving to the fullest extent
permissible the intent of the parties set forth herein.

 

16.         Notices.
All notices, demands and communications of any kind which any party hereto may be required or desire to serve upon another party
under the terms of this Agreement or any Statement of Work shall be in writing and shall be given by: (a) personal service upon
such other party; (b) mailing a copy thereof by certified or registered mail, postage prepaid, with return receipt requested; (c)
sending a copy thereof by Federal Express or equivalent courier service; or (d) sending a copy thereof by facsimile, in each case
to the parties at the respective addresses and facsimile numbers set forth on the signature pages hereto. In case of service by
Federal Express or equivalent courier service or by facsimile or by personal service, such service shall be deemed complete upon
delivery or transmission, as applicable. In the case of service by mail, such service shall be deemed complete on the fifth business
day after mailing. The addresses and facsimile numbers to which, and persons to whose attention, notices and demands shall be delivered
or sent may be changed from time to time by notice served as hereinabove provided by any party upon any other party. For purposes
of clarity, the parties acknowledge and agree that e-mail communication shall NOT be proper notice pursuant hereto.

 

    	- 5 -

    	 

    

 

Exhibit 10.1

 

17.         Amendment.
This Agreement may be modified or amended only by an instrument in writing, duly executed by Consultant, on the one hand, and the
Client, on the other hand.

 

18.         Remedies
Cumulative. Except as otherwise expressly provided herein, the remedies provided for or permitted by this Agreement shall be
cumulative and the exercise by any party of any remedy provided for herein shall not preclude the assertion or exercise by such
party of any other right or remedy provided for herein.

 

19.         Counterparts;
Facsimile; .pdf. For the convenience of the parties, any number of counterparts hereof may be executed, each such executed
counterpart shall be deemed an original, and all such counterparts together shall constitute one and the same instrument. Facsimile
transmission or documents in portable document format or .pdf. of any signed original counterpart and/or retransmission of any
signed facsimile transmission or .pdf shall be deemed the same as the delivery of an original.

 

20.         Entire
Agreement. This Agreement (including the Statements of Work), contain the entire understanding of the parties hereto with respect
to the subject matter hereof and supersede all prior agreements between the parties (whether written or oral) with respect to the
subject matter hereof.

 

IN WITNESS WHEREOF, the parties have caused
this Agreement to be executed and entered into by their respective duly authorized representatives as of the date first set forth
above.

 

	Consultant	 	AMERICAN CARESOURCE HOLDINGS, INC.
	 	 	 	 	 
	 Sign:	/s/ Matthew Thompson	 	By:	/s/ Richard W. Turner
	 	Print:	Matthew Thompson	 	 	Name:	Richard W. Turner
	 	 	 	 	 	Title:	CEO

  

	
        Address:

         
	 	Address:
	Matthew Thompson	 	American CareSource Holdings, Inc.
	
        6467 Woodcrest Ln.

        Dallas, Texas 75214
	 	
        1170 Peachtree Street, Ste 2350

        Atlanta, Georgia 30309

	 	 	Attn:  Richard W. Turner
	Fax No.:	 	Fax No.:

 

 

    	- 6 -

    	 

    

 

EXHIBIT A 

FORM OF STATEMENT OF WORK

 

STATEMENT OF WORK TO 

CONSULTING SERVICES AGREEMENT

 

This Statement of Work (a “Statement
of Work”) is entered into pursuant to the Consulting Services Agreement (the “Agreement”) dated as of December
31, 2014, between Consultant and the Client (as defined below), and is subject to the terms of such Agreement.

 

	Consultant:	Matthew D. Thompson
	and
	Client:	American CareSource Holdings, Inc.

 

		1.	Description of the Services and Work:

 

		(A)	Assist with year-end closing of Client’s financial books.

 

		(B)	Assist with the preparation of Client’s 2014 10-K.

 

		(C)	Provide timely responses to calls and emails regarding Client’s ongoing financial matters.

 

		2.	Location of Performance.

 

Dallas, Texas.

 

3.           Fee:Professional
fees for this time period will be $200.00 per hour. Reimbursable out-of-pocket expenses pre-approved by Client in writing for such
items as travel, meals, research subscriptions, information and data fees, and telecommunications will be invoiced at the same
time. Rates for additional days and projects the Company will be subject to mutual agreement.

 

4.           Term:
The term shall commence on December 31, 2014 and shall expire on the date Client files its 2014 Form 10-K.

 

5.           Special
Requirements. None

 

Any conflict between the terms and conditions
in the Agreement or this Statement of Work shall be resolved in favor of the Agreement. For the convenience of the parties, any
number of counterparts hereof may be executed, each such executed counterpart shall be deemed an original, and all such counterparts
together shall constitute one and the same instrument. Facsimile transmission of any signed original counterpart and/or retransmission
of any signed facsimile transmission shall be deemed the same as the delivery of an original

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have caused
this Statement of Work to be executed and entered into by their respective duly authorized representatives as of the date first
set forth above.

  

	Consultant	 	AMERICAN CARESOURCE HOLDINGS, INC.
	 	 	 	 	 
	 Sign:	/s/ Matthew Thompson	 	By:	/s/ Richard W. Turner
	 	Print:	Matthew Thompson	 	 	Name:	Richard W. Turner
	 	 	 	 	 	Title:	CEO

  

    	- 2 -

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