Document:

EX-10.1

 Exhibit 10.1 
 SECOND AMENDMENT TO CREDIT AGREEMENT 
 This Second Amendment to
Credit Agreement (this “Second Amendment”) is made as of this 18th day of November, 2011 by and among: 
 rue21, inc., a Delaware corporation, for
itself (as “rue21”) and as agent (in such capacity, the “Lead Borrower”) for the other Borrowers from time to time party to the Credit Agreement (as defined below); 

rue services corporation, a Delaware corporation (“rsc”), as a Borrower; 

r services llc, a Virginia limited liability company (the “Guarantor”); 

BANK OF AMERICA, N.A., as a Lender; and 
 BANK OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer; in consideration of the mutual covenants herein contained and benefits to be derived herefrom.

 W I T N E S S E T H: 
 WHEREAS, reference is made to that certain Credit Agreement, dated as of April 10, 2008 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit
Agreement”), by and among (i) the Lead Borrower, and the other Borrowers from time to time party thereto (individually, a “Borrower” and, collectively with the Lead Borrower, the “Borrowers”),
(ii) the Guarantors from time to time party thereto (individually, a “Guarantor” and, collectively, the “Guarantors”), (iii) the Lenders from time to time party thereto (individually, a
“Lender” and, collectively, the “Lenders”), and (iv) Bank of America, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer; 
 WHEREAS, the Loan Parties have requested that the Administrative Agent and the Lenders amend certain provisions of the Credit Agreement; and 
 WHEREAS, the Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit Agreement on the terms and conditions set forth herein. 

NOW, THEREFORE, it is hereby agreed as follows: 
  

	1	Definitions. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement. 

 

	2	Amendments to Article I. The definitions of the following terms in Article I of the Credit Agreement are hereby amended as follows: 

 

	 	1.	The definition of “Permitted Investments” is hereby amended by relettering clauses (h), (i), (j), (k) and (l) as (i), (j), (k), (l) and (m),
respectively, and by inserting the following new clause (h) therein: 

 “(h) Guarantees made by one or
more Loan Parties to one or more third party lenders as an inducement to such third party lenders to finance the execution of purchase orders by merchandise vendors, which purchase orders are delivered by a Loan Party or Loan Parties to such
merchandise vendors in the ordinary course of business;” 
  

	3	 Ratification of Loan Documents. Except as otherwise expressly provided herein, all terms and conditions of the Credit Agreement and the other
Loan Documents remain in full force and effect. The Loan Parties hereby ratify, confirm, and reaffirm that all representations and warranties of the Loan Parties contained in the Credit Agreement or any other Loan Document are true and correct in
all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material

	 	
respects as of such earlier date. The Guarantors hereby acknowledge, confirm and agree that the Guaranteed Obligations of the Guarantors under, and as defined in, the Facility Guaranty include,
without limitation, all Obligations of the Loan Parties at any time and from time to time outstanding under the Credit Agreement and the other Loan Documents, as such Obligations have been increased pursuant to this Second Amendment. The Loan
Parties hereby acknowledge, confirm and agree that the Security Documents, and any and all Collateral previously pledged to the Collateral Agent, for the benefit of the Credit Parties, pursuant thereto, shall continue to secure all Obligations of
the Loan Parties at any time and from time to time outstanding under the Credit Agreement and the other Loan Documents, as such Obligations have been increased pursuant to this Second Amendment. 

 

	4	Conditions to Effectiveness. This Second Amendment shall not be effective until each of the following conditions precedent has been fulfilled to the reasonable
satisfaction of the Administrative Agent: 

  

	 	1.	The Administrative Agent shall have received counterparts of this Second Amendment duly executed and delivered by each of the parties hereto. 

 

	 	2.	All corporate and shareholder action on the part of the Loan Parties necessary for the valid execution, delivery and performance by the Loan Parties of this Second
Amendment shall have been duly and effectively taken and evidence thereof reasonably satisfactory to the Administrative Agent shall have been provided to the Administrative Agent. 

 

	 	3.	The Loan Parties shall have paid in full all reasonable costs and expenses of the Agents (including, without limitation, reasonable attorneys’ fees) in connection
with the preparation, negotiation, execution and delivery of this Second Amendment. 

  

	 	4.	After giving effect to this Second Amendment, no Default or Event of Default shall have occurred and be continuing. 

 

	5	Miscellaneous. 

  

	 	1.	This Second Amendment may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an
original, and all of which together shall constitute one instrument. Delivery of an executed counterpart of a signature page to this Second Amendment by telecopy or other electronic transmission shall be effective as delivery of a manually executed
counterpart of this Second Amendment. 

  

	 	2.	This Second Amendment expresses the entire understanding of the parties with respect to the transactions contemplated hereby. No prior negotiations or discussions shall
limit, modify, or otherwise affect the provisions hereof. 

  

	 	3.	Any determination that any provision of this Second Amendment or any application hereof is invalid, illegal or unenforceable in any respect and in any instance shall
not effect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality or enforceability of any other provisions of this Second Amendment. 

 

	 	4.	The Loan Parties represent and warrant that they have consulted with independent legal counsel of their selection in connection with this Second Amendment and are not
relying on any representations or warranties of the Agents or the Lenders or their counsel in entering into this Second Amendment. 

  

	 	5.	This Second Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 

[SIGNATURE PAGES FOLLOW] 
 IN
WITNESS WHEREOF, the parties have hereunto caused this Second Amendment to be executed and their seals to be hereto affixed as of the date first above written. 

 

			
	rue21, inc., as Lead Borrower and as a Borrower
		
	By:	 	 /s/    Keith McDonough

	Name:	 	Keith McDonough
	Title:	 	Senior Vice President, Chief Financial Officer and Secretary

			
	rue services corporation, a Delaware corporation
		
	By:	 	 /s/ Todd Lenhart

	Name:	 	Todd Lenhart
	Title:	 	President and Chief Executive Officer
	
	r services llc, as a Guarantor
		
	By:	 	 /s/ Keith McDonough

	Name:	 	Keith McDonough
	Title:	 	Director and President
	
	BANK OF AMERICA, N.A., as Administrative Agent, Collateral Agent, L/C Issuer and Swingline Lender and as a Lender
		
	By:	 	 /s/ Richard D. Hill

	Name:	 	Richard D. Hill
	Title:	 	Managing DirectorEX-10.2

 Exhibit 10.2 
 RESTRICTED STOCK UNIT AGREEMENT 
 PURSUANT TO THE 

RUE21, INC. 2009 OMNIBUS INCENTIVE PLAN 
 * * * * * 
 Participant: 
 Grant Date: 
 Number of Restricted Stock Units granted: 

* * * * * 
 THIS
RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between rue21, inc., a company organized in the State of Delaware (the “Company”), and the
Participant specified above, pursuant to the rue21, inc. 2009 Omnibus Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the Committee; and 

WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units
(“RSUs”) provided herein to the Participant. 
 NOW, THEREFORE, in consideration of the mutual covenants and promises
hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 
 6 Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted
at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set
forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan
carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. 
 7 Grant of Restricted Stock Unit Award. The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the
Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for
any reason. Subject to Section 10 hereof, the Participant shall not have the rights of a stockholder in respect of the shares underlying this Award until such shares are delivered to the Participant in accordance with Section 9.

 8 Vesting and Payment. 
 (a) The RSUs subject to this grant shall become unrestricted and vested as to 33
 1/3% on each of the first three anniversaries of
the Grant Date specified above, provided the Participant is then employed by the Company and/or one of its Subsidiaries or Affiliates. There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall
occur only on the appropriate vesting date, subject to the Participant’s continued service with the Company or any of its Subsidiaries or Affiliates on each applicable vesting date. Except as otherwise provided herein, the shares of Common
Stock which vest each year under this Award will be issued to you within thirty (30) days following the vesting date (or as soon as reasonably practicable but in no event later than the 15th day of the third month following the vesting date),
subject to Participant’s satisfaction of all applicable income and employment withholding taxes. 
 Certain
Terminations. All unvested RSUs shall immediately become vested upon a Termination due to (i) the Participant’s death or (ii) the Participant’s Disability. 

1. Change in Control. All unvested RSUs shall immediately become vested upon a Change in Control; provided the Participant is
continuously employed by the Company or its Subsidiaries or Affiliates through such date. 

 2. Effect of Detrimental Activity. The provisions of Section 10.4 of the Plan
regarding Detrimental Activity shall apply to the RSUs. 
 3. Forfeiture. Subject to Section 80 and
Section 3(c) hereof, all unvested RSUs shall be immediately forfeited upon the Participant’s Termination for any reason. 
 9 Delivery of Shares. Subject to the provisions of the Plan or as otherwise provided herein, the shares of Common Stock which vest under this Award will be issued to you within thirty
(30) days following the vesting of the RSUs (or as soon as reasonably practicable but in no event later than the 15th day of the third month following the vesting date), subject to Participant’s satisfaction of all applicable income and
employment withholding taxes. 
 10 Dividends and Other Distributions. Participants holding RSUs shall be entitled to
receive all dividends and other distributions paid with respect to such shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying RSUs and shall be paid at the time the RSUs
become vested pursuant to Section 8. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be subject to the same restrictions on transferability and forfeitability as the RSUs with
respect to which they were paid. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of
record of such shares. 
 11 Non-transferability. The RSUs, and any rights and interests with respect thereto, issued
under this Agreement and the Plan shall not, prior to vesting, be sold, exchanged, transferred, assigned or otherwise disposed of in any way by the Participant (or any beneficiary(ies) of the Participant), other than by testamentary disposition by
the Participant or the laws of descent and distribution. Any attempt to sell, exchange, transfer, assign, pledge, encumber or otherwise dispose of or hypothecate in any way the RSUs, or the levy of any execution, attachment or similar legal process
upon the RSUs, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. 
 12 Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware,
without regard to the choice of law principles thereof. 
 13 Withholding of Tax. The Participant acknowledges that any
income for foreign, federal, state or local income tax purposes, including payroll taxes, that the Participant is required to recognize on account of the vesting of the RSUs and/or issuance of the shares to the Participant shall be subject to
withholding of tax by the Company. In accordance with administrative procedures established by the Company, the Participant may elect to satisfy his or her minimum statutory withholding tax obligations, if any, on account of the vesting of the
RSUs and/or issuance of shares, in one or a combination of the following methods: (i) in cash or by separate check made payable to the Company and/or (ii) by authorizing the Company to withhold from the shares to be issued to the
Participant under the Award a sufficient number of whole shares distributable in connection with such Award equal to the applicable minimum statutory withholding tax obligation. In the event the Participant does not make such payments when
requested or required, the Company may refuse to issue or cause to be delivered any shares under this Agreement or any other incentive plan agreement entered into by the Participant and the Company until such payment has been made or arrangements
for such payment satisfactory to the Company have been made. 
 14 Entire Agreement; Amendment. This Agreement, together
with the Plan, contains the entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such
subject matter. The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by
both the Company and the Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

15 Notices. Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed duly
given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the
Participant may have on file with the Company. 
 16 No Right to Employment. Any questions as to whether and when there
has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to
terminate the Participant’s employment or service at any time, for any reason and with or without cause. 

 17 Transfer of Personal Data. The Participant authorizes, agrees and unambiguously
consents to the transmission by the Company (or any Subsidiary or Affiliate) of any personal data information related to the RSU awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the
Plan). This authorization and consent is freely given by the Participant. 
 18 Compliance with Laws. This issuance of
RSUs (and the shares underlying the RSUs) pursuant to this Agreement shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without
limitation, the provisions of the Securities Act of 1933, as amended, the Exchange Act and in each case any respective rules and regulations promulgated thereunder) and any other law or regulation applicable thereto. The Company shall not be
obligated to issue this RSU or any of the shares pursuant to this Agreement if any such issuance would violate any such requirements. 
 19 Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign
(except as provided by Section 10 hereof) any part of this Agreement without the prior express written consent of the Company. 
 20 Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement.

 21 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which shall constitute one and the same instrument. 
 22 Further Assurances. Each party hereto
shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out
the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 
 23 Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this
Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest
extent permitted by law. 
 24 Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may
terminate or amend the Plan at any time; (b) the Award of RSUs made under this Agreement is completely independent of any other Award or grant and is made at the sole discretion of the Company; (c) no past grants or Awards (including,
without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or Awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall
not be considered as part of such salary in the event of severance, redundancy or resignation. 
 * * * * * 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

			
	RUE21, INC.
		
	 By:
	 	  

 

			
		
	 Name:
	 	  

 

			
		
	 Title:
	 	  

	
	PARTICIPANT
	
	  

		
	 Name:
	 	  

 

			
		
	 Social Security Number:

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