Document:

EX-10.1

EXHIBIT 10.1

FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT

THIS FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT (the

“Amendment”) is entered into by and between HEALTHSTREAM, INC., a Tennessee corporation
(the “Borrower”), and SUNTRUST BANK, a Georgia banking corporation (as
“Administrative Agent”) dated this 13th day of November, 2017.

RECITALS:

A. Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender and SunTrust
Bank as a Lender previously entered into that certain Revolving Credit Agreement dated November
24, 2014 (as amended, restated or otherwise modified from time to time, the “Credit
Agreement”). Capitalized terms used in this Amendment but not otherwise defined in this
Amendment shall have the meanings set forth in the Credit Agreement.

	 	B.	 	The parties hereto wish to amend certain terms of the Credit Agreement.

C. The Administrative Agent is willing to enter into this Amendment on the terms set forth
herein.

NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, the Borrower and the
Administrative Agent agree as follows:

1. The definition of “Revolving Commitment Termination Date” in Section 1.1 of the
Credit Agreement is hereby amended and restated in its entirety to read as follows:

“Revolving Commitment Termination Date” shall mean the earliest of (i)
November 24, 2018, (ii) the date on which the Revolving Commitments are terminated
pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under
this Agreement have been declared or have automatically become due and payable (whether
by acceleration or otherwise).

	 	2.	 	The Credit Agreement is not amended in any other respect.

3. This Amendment is intended to be performed in accordance with and to the extent
permitted by all applicable laws, ordinances, rules and regulations. If any provision of this
Amendment, or the application thereof to any person or circumstance shall, for any reason and to
any extent, be invalid or unenforceable, the remainder of this Amendment and the application of
such provision to other persons or circumstances, shall not be affected thereby but rather shall
be enforced to the fullest extent permitted by law. This Amendment may be executed in more than
one counterpart, all of which, taken together, shall constitute one and the same instrument. The
executed Amendment may be sent via e-mail, via PDF or via facsimile. Facsimile or electronic
signatures shall be deemed valid and binding to the same extent as an original signature.

[Remainder of page left blank. Signature pages follow.]

	 	 	 	[COUNTERPART SIGNATURE PAGE TO FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT]	 

ENTERED INTO as of the date first above written.

HEALTHSTREAM, INC.

By: /s/ Gerard M. Hayden, Jr.

Name: Gerard M. Hayden, Jr.

Title: Chief Financial Officer and

Senior Vice President

STATE OF TENNESSEE )

)

COUNTY OF DAVIDSON )

Before me, Tara D. Martin, a Notary Public of said County and State, personally appeared
Gerard M. Hayden, with whom I am personally acquainted (or proved to me on the basis of
satisfactory evidence), and who, upon oath, acknowledged to be CFO (or other officer authorized
to execute the instrument) of HEALTHSTREAM, INC., a Tennessee corporation, the within named
bargainor, a corporation, and that as such Gerard M. Hayden executed the foregoing instrument
for the purposes therein contained, by signing the name of the corporation by as CFO.

Witness my hand and official seal, at Office in Nashville, this 13th day of November, 2017.

/s/ Tara D. Martin

	 	 	Notary Public

My Commission Expires: January 8, 2019

	 	 	 	[COUNTERPART SIGNATURE PAGE TO FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT]	 

SUNTRUST BANK

as the Administrative Agent, as the Issuing Bank, as

the Swingline Lender and as a Lender

By: /s/ Tyler Stephens

Name: Tyler Stephens

Title: Vice PresidentExhibit 10.2

 

INCENTIVE STOCK OPTION

 

FORM OF

INCENTIVE STOCK OPTION

Granted by

BEST HOMETOWN BANCORP, INC.

under the

BEST HOMETOWN BANCORP, INC.

2017 EQUITY INCENTIVE PLAN

 

 

This incentive stock option agreement ("Option" or "Agreement") is and will be subject in every respect to the provisions of the 2017 Equity Incentive Plan (the "Plan") of Best Hometown Bancorp, Inc. (the "Company") which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement.  A copy of the Plan has been provided or made available to each person granted a stock option pursuant to the Plan.  The holder of this Option (the "Participant") hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the "Committee") will be final, binding and conclusive upon the Participant and the Participant's heirs, legal representatives, successors and permitted assigns.  Except where the context otherwise requires, the term "Company" will include the parent and all present and future subsidiaries of the Company as defined in Section 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended from time to time (the "Code").  Capitalized terms used herein but not defined will have the same meaning as in the Plan. Any reference to the "Bank" herein shall refer to Best Hometown Bank and any reference to "Employer" shall mean either or both the Company and the Bank.

 

	1.	
Name of Participant:________________________

	2.	
Date of Grant:_____________________________

	3.	
Total number of shares of Company common stock, $0.01 par value per share, that may be acquired pursuant to this Option:______________

(subject to adjustment pursuant to Section 10 hereof).

		•	
This is an Incentive Stock Option ("ISO") to the maximum extent permitted under Code Section 422(d).

 

	4.	
Exercise price per share:_____________________

(subject to adjustment pursuant to Section 10 below)

 

	5.	
Expiration Date of Option:_____________________

 

	6.	
Vesting Schedule.  Except as otherwise provided in this Agreement, this Option first becomes exercisable, subject to the Option's expiration date, in accordance with the vesting schedule specified herein.

	
Date

	
Vested Portion of Award

	 	 
	 	 
	 	 
	 	 
	 	 

 

This Option may not be exercised at any time on or after the Option's expiration date. Vesting will automatically accelerate pursuant to Sections 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination at or following a Change in Control).

 

		7.	
Exercise Procedure.

		7.1	
Delivery of Notice of Exercise of Option.  This Option will be exercised in whole or in part by the Participant's delivery to the Company of written notice (the "Notice of Exercise of Option" attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including:

		•	
Cash or personal, certified or cashier's check in full/partial payment of the purchase price.

		•	
Stock of the Company in full/partial payment of the purchase price.

		•	
By a net settlement of the Option, using a portion of the shares obtained on exercise in payment of the exercise price of the Option (and, if applicable, any tax withholding).

		•	
By selling shares from my Option shares through a broker in full/partial payment of the purchase price.

In order to exercise the Option, please deliver the Notice of Exercise and payment (if applicable) to the Company at the following address:

Best Hometown Bancorp, Inc.

100 East Clay Street

Collinsville, Illinois 62234

Attention:_______________________

		7.2	
"Fair Market Value" shall have the meaning set forth in Section 8.1(s) of the Plan.

 

  

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	8.	
Delivery of Shares.

		8.1	
Delivery of Shares.  Delivery of shares of Common Stock upon the exercise of this Option will comply with all applicable laws (including the requirements of the Securities Act) and the applicable requirements of any securities exchange or similar entity.

	9.	
Change in Control.

		9.1	
In the event of an Involuntary Termination at or following a Change in Control, all Options held by the Participant, whether or not exercisable at such time, will become fully exercisable, subject to the expiration provisions otherwise applicable to the Option.

		9.2	
A "Change in Control" will be deemed to have occurred as provided in Section 4.2 of the Plan.

	10.	
Adjustment Provisions.

This Option, including the number of shares subject to the Option and the exercise price, will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of Section 3.4 of the Plan.

		
 

	11.	
Termination of Option and Accelerated Vesting.

This Option will terminate upon the expiration date, except as set forth in the following  provisions:

 

		(i)	
Death.  This Option will become exercisable as to all shares subject to an outstanding Award, whether or not then exercisable, in the event of the Participant's Termination of Service by reason of the Participant's death.  This Option may thereafter be exercised by the Participant's legal representative or beneficiaries for a period of one (1) year from the date of death, subject to termination on the expiration date of this Option, if earlier.

		(ii)	
Disability.  This Option will become exercisable as to all shares subject to an outstanding Award, whether or not then exercisable, in the event of the Participant's Termination of Service by reason of the Participant's Disability. This Option may thereafter be exercised for a period of one (1) year from the date of such Termination of Service by reason of Disability, subject to termination on the Option's expiration date, if earlier.

	
 

 

 

	(iii)	
Retirement.  Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement).  The term "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan.  Options exercised more than three months following Retirement will not have ISO treatment.

 

  

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		(iv)	
Termination for Cause.  If the Participant's Service has terminated for Cause, all Options that have not been exercised will expire and be forfeited.

		(v)	
Other Termination.  If the Participant's Service terminates for any reason other than due to death, Disability, Retirement, Involuntary Termination following a Change in Control or Cause, all unvested Options will be forfeited and vested Options may thereafter be exercised, to the extent it was exercisable at the time of such termination, for a period of three months following termination, subject to termination on the Option's expiration date, if earlier.

 

	12.	
Miscellaneous.

 

		12.1	
No Option will confer upon the Participant any rights as a stockholder of the Company prior to the date on which the individual fulfills all conditions for receipt of such rights.

		12.2	
This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Participant.

		12.3	
Except as otherwise provided by the Committee, ISOs under the Plan are not transferable except (1) as designated by the Participant by will or by the laws of descent and distribution, (2) to a trust established by the Participant, or (3) between spouses incident to a divorce or pursuant to a domestic relations order, provided, however, that in the case of a transfer described under (3), the Option will not qualify as an ISO as of the day of such transfer.

		12.4	
This Agreement will be governed by and construed in accordance with the laws of the State of Illinois.

		12.5	
This Agreement is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Participant agrees that he will not exercise the Option granted hereby nor will the Company be obligated to issue any shares of stock hereunder if the exercise thereof or the issuance of such shares, as the case may be, would constitute a violation by the Participant or the Company of any such law, regulation or order or any provision thereof.

		12.6	
The granting of this Option does not confer upon the Participant any right to be retained in the employ of the Company or any subsidiary.

 

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IN WITNESS WHEREOF, the Company has caused this Agreement to be executed in its name and on its behalf as of the date of grant of this Option set forth above.

	 	
BEST HOMETOWN BANCORP, INC.

	 	 
	 	 
	 	
By:______________________________

	 	
Its:______________________________

PARTICIPANT'S ACCEPTANCE

The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions hereof, including the terms and provisions of the 2017 Equity Incentive Plan.  The undersigned hereby acknowledges receipt of a copy of the Company's 2017 Equity Incentive Plan.

	 	
PARTICIPANT

	 	 
	 	 
	 	___________________________________ 

 

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EXHIBIT A

NOTICE OF EXERCISE OF OPTION

I hereby exercise the stock option (the "Option") granted to me by Best Hometown Bancorp, Inc.

 (the "Company") or its affiliate, subject to all the terms and provisions set forth in the Stock Option Agreement (the "Agreement") and the Best Hometown Bancorp, Inc. 2017 Equity Incentive Plan (the "Plan") referred to therein, and notify you of my desire to purchase __________________ shares of common stock of the Company ("Common Stock") for a purchase price of $______ per share.

I elect to pay the exercise price by:

		___	
Cash or personal, certified or cashier's check in the sum of $_______, in full/partial payment of the purchase price.

		___	
Stock of the Company with a fair market value of $______ in full/partial payment of the purchase price.*

		___	
A net settlement of the Option, using a portion of the shares obtained on exercise in payment of the exercise price of the Option (and, if applicable, any tax withholding).

		___	
Selling  ______ shares from my Option shares through a broker in full/partial payment of the purchase price.

I understand that after this exercise, ____________ shares of Common Stock remain subject to the Option, subject to all terms and provisions set forth in the Agreement and the Plan.

I hereby represent that it is my intention to acquire these shares for the following purpose:

___         investment

___         resale or distribution

Please note: if your intention is to resell (or distribute within the meaning of Section 2(11) of the Securities Act of 1933) the shares you acquire through this Option exercise, the Company or transfer agent may require an opinion of counsel that such resale or distribution would not violate the Securities Act of 1933 prior to your exercise of such Option.

Date: ____________, _____.    _________________________________________

Participant's signature

* If I elect to exercise by exchanging shares I already own, I will constructively return shares that I already own to purchase the new option shares.  If my shares are in certificate form, I must attach a separate statement indicating the certificate number of the shares I am treating as having exchanged.  If the shares are held in "street name" by a registered broker, I must provide the Company with a notarized statement attesting to the number of shares owned that will be treated as having been exchanged.  I will keep the shares that I already own and treat them as if they are shares acquired by the option exercise.  In addition, I will receive additional shares equal to the difference between the shares I constructively exchange and the total new option shares that I acquire.

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