Document:

Amended and Restated Credit Agreement Suppl No 2

 Exhibit 10.1 

SUPPLEMENT NO. 2 (this “Supplement”) dated as of September 15, 2016, to the Amendment No. 3 and Waiver (as defined below).

 WHEREAS, CLAIRE’S INC., a Delaware corporation (“Holdings”), CLAIRE’S STORES, INC., a Florida corporation (the
“Borrower”), the SUBSIDIARY LOAN PARTIES hereto, the LENDERS party hereto and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH as administrative agent (the “Administrative Agent”) are parties to that certain Amendment No. 3
and Waiver (as supplemented by Supplement No. 1, dated as of September 9, 2016, the “Amendment No. 3 and Waiver”) dated as of August 12, 2016, under the Amended and Restated Credit Agreement, dated as of September 20, 2012, among
Holdings, the Borrower, the Administrative Agent, the Lenders party thereto from time to time and the agents, arrangers and bookrunners party thereto, as in effect on the date hereof (as amended on September 10, 2015 and April 30, 2014, the
“Original Credit Agreement”); 
 WHEREAS, the Amendment No. 3 and Waiver contemplates the issuance of that certain ABL
Credit Agreement, dated as of August 12, 2016 (the “ABL Credit Agreement”); 
 WHEREAS, Section 9.08 of the Original Credit
Agreement provides that Holdings, the Borrower and the Required Lenders may enter into this Supplement; and 
 WHEREAS, Holdings, the
Borrower and the Required Lenders desire to supplement the Amendment No. 3 and Waiver on the terms set forth herein. 
 NOW, THEREFORE, the
Amendment No. 3 and Waiver is supplemented as follows: 
 SECTION 1. Supplement to the Amendment No. 3 and Waiver.

 

	 	(a)	The Amendment No. 3 and Waiver is hereby supplemented to insert the changed page annexed hereto (i) as Annex 1 into the definitions section of the Second Amended and Restated Credit Agreement and (ii) as Annex 2 into
the definitions section of the ABL Credit Agreement, in each case attached to the Amendment No. 3 and Waiver and thereby amend the definition of Permitted Refinancing Indebtedness in each such agreement in its entirety. To the extent not all
Lenders sign this Supplement but Required Lenders sign, this Supplement shall be deemed to be a further amendment to the Second Amended and Restated Credit Agreement and the ABL Credit Agreement, respectively, effective concurrently with the Second
Amended and Restated Credit Agreement Effective Date and the ABL Closing Date, as applicable. 

  

	 	(b)	The Amendment No. 3 and Waiver is hereby supplemented by striking each instance of the date September 15, 2016 in Section 3 and Section 6, and replacing such date with September 23, 2016. 

SECTION 2. Release of Intellectual Property Asset Liens. Certain intellectual property assets owned by CBI Distributing Corp. as
of the Closing Date shall be transferred to CLSIP Holdings LLC pursuant to an intellectual property transfer agreement in connection with the 

 
Exchange Transactions; provided, that the liens in favor of the Administrative Agent on such assets shall only be released concurrently with the consummation of the Exchange Transactions if the
Exchange Transactions are consummated. The Administrative Agent and the Lenders acknowledge and agree that such assets are not included in the Schedules or Exhibits to the Agreement, the ABL Credit Agreement or the Loan Documents (as defined in
the Agreement and ABL Credit Agreement). The failure to list such assets on the Schedules or Exhibits shall not constitute a breach or default of any representations, warranties or covenants of the Agreement, the ABL Credit Agreement or the
Loan Documents (as defined in the Agreement and ABL Credit Agreement), nor shall such failure constitute a Default or Event of Default under such agreements. The Administrative Agent shall release the liens on such assets concurrently with the
consummation of the Exchange Transactions and the Lenders hereby authorize the Administrative Agent to release such liens and execute and deliver any documentation the Administrative Agent deems reasonably necessary to effect the release of such
liens. The Borrower hereby agrees that if the exchange offer contemplated under the Exchange Transactions is terminated, the Borrower shall as promptly as is practicable supplement the Schedules and Exhibits to the Agreement, the ABL Credit
Agreement and all loan documentation entered into in connection therewith to include all assets of CBI Distributing Corp. 
 SECTION 3.
Conditions to Supplement. The Supplement shall become effective on the date (the “Supplement Effective Date”) when the Administrative Agent (or its counsel) shall have received from the Administrative Agent, Holdings,
the Borrower and Lenders constituting the Required Lenders either (i) a counterpart of this Supplement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or
electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Supplement. 

SECTION 4. No Novation. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under
the Original Credit Agreement or instruments securing the same, which shall remain in full force and effect in accordance with the Original Credit Agreement, except as modified hereby. 

SECTION 5. Applicable Law; Waiver of Jury Trial. This Supplement shall constitute a “Loan Document” for purposes of the
Original Credit Agreement. The provisions of Section 9.07, 9.11, 9.13 and 9.15 of the Original Credit Agreement are incorporated herein mutatis mutandis. 

SECTION 6. Survival. Notwithstanding anything to the contrary herein or in any other agreement between the parties hereto, the
provisions of Amendment No. 3 and Waiver and the related supplements shall survive the consummation of the transactions contemplated thereby as the context may require, including without limitation Section 6 of Amendment No. 3 and Waiver and Section
2 of this Supplement. 

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

CLAIRE’S STORES, INC. 

BMS DISTRIBUTING CORP. 

CBI DISTRIBUTING CORP. 

CLAIRE’S BOUTIQUES, INC. 

CLAIRE’S CANADA CORP. 

CLAIRE’S PUERTO RICO CORP. 

 

			
	By:	 	 /s/ Stephen Sernett

	Name:	 	Stephen Sernett
	Title:	 	Vice President & Associate General Counsel

 CSI CANADA LLC 

 

			
	By:	 	 /s/ Stephen Sernett

	Name:	 	Stephen Sernett
	Title:	 	Secretary

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent and a Lender
		
	By:	 	 /s/ Bryan J. Matthews

	Name:	 	Bryan J. Matthews
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Jeremy Roberts Stern

	Name:	 	Jeremy Roberts Stern
	Title:	 	Authorized Signatory

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

 
			
	 GOLDMAN SACHS BANK USA, as a Lender

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

			
	 ING CAPITAL LLC, as a Lender

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Neil R. Boylan

	Name:	 	Neil R. Boylan
	Title:	 	Managing Director

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ A. Christopher DeCoriis, CFA

	Name:	 	A. Christopher DeCoriis, CFA
	Title:	 	Attorney-in-Fact

  
 [Claire’s Supplement
No. 2 to Amendment No. 3 and Waiver Signature Page] 

 Annex 1 

(Changed Page to Definition of Permitted Refinancing Indebtedness in the Second Amended and Restated Credit Agreement) 

“Permitted Refinancing Indebtedness” shall mean any Indebtedness issued in exchange for, or the net proceeds of which are used to extend,
refinance, renew, replace, defease or refund (collectively, to “Refinance”), the Indebtedness being Refinanced (or previous refinancings thereof constituting Permitted Refinancing Indebtedness); provided, that (a) the
principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premium
(including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses), (b) except with respect to Section 6.01(i), the weighted average life to maturity of such Permitted Refinancing Indebtedness is
greater than or equal to the shorter of (i) the weighted average life to maturity of the Indebtedness being Refinanced and (ii) the weighted average life to maturity that would result if all payments of principal on the Indebtedness being Refinanced
that were due on or after the date that is one year following the Revolving Facility Maturity Date were instead due on the date that is one year following the Revolving Facility Maturity Date, (c) if the Indebtedness being Refinanced is subordinated
in right of payment to the Obligations under this Agreement, such Permitted Refinancing Indebtedness shall be subordinated in right of payment to such Obligations on terms at least as favorable to the Lenders as those contained in the documentation
governing the Indebtedness being Refinanced and (d) no Permitted Refinancing Indebtedness shall have different obligors, or greater guarantees or security, than the Indebtedness being Refinanced, except that the Indebtedness under the Existing
European Revolving Credit Agreement may be refinanced by Claire’s (Gibraltar) Intermediate Holdings Limited instead of Claire’s (Gibraltar) Holdings Limited in connection with the refinancing of such Indebtedness; provided
further, that with respect to a Refinancing of (x) the Senior Subordinated Notes or other Indebtedness permitted hereunder that is subordinated, such Permitted Refinancing Indebtedness shall (i) be subordinated to the guarantee by the Loan
Parties of the Facilities, and (ii) be otherwise on terms not materially less favorable to the Lenders than those contained in the documentation governing the Indebtedness being Refinanced. 

 Annex 2 

(Changed Page to Definition of Permitted Refinancing Indebtedness in the ABL Credit Agreement) 

“Permitted Refinancing Indebtedness” shall mean any Indebtedness issued in exchange for, or the net proceeds of which are used to extend,
refinance, renew, replace, defease or refund (collectively, to “Refinance”), the Indebtedness being Refinanced (or previous refinancings thereof constituting Permitted Refinancing Indebtedness); provided, that (a) the
principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premium
(including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses), (b) except with respect to Section 6.01(i), the weighted average life to maturity of such Permitted Refinancing Indebtedness is
greater than or equal to the shorter of (i) the weighted average life to maturity of the Indebtedness being Refinanced and (ii) the weighted average life to maturity that would result if all payments of principal on the Indebtedness being Refinanced
that were due on or after the date that is one year following the ABL Facility Maturity Date were instead due on the date that is one year following the ABL Facility Maturity Date, (c) if the Indebtedness being Refinanced is subordinated in right of
payment to the Obligations under this Agreement, such Permitted Refinancing Indebtedness shall be subordinated in right of payment to such Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing
the Indebtedness being Refinanced and (d) no Permitted Refinancing Indebtedness shall have different obligors, or greater guarantees or security, than the Indebtedness being Refinanced, except that the Indebtedness under the Existing European
Revolving Credit Agreement may be refinanced by Claire’s (Gibraltar) Intermediate Holdings Limited instead of Claire’s (Gibraltar) Holdings Limited in connection with the refinancing of such Indebtedness; provided further,
that with respect to a Refinancing of (x) the Senior Subordinated Notes or other Indebtedness permitted hereunder that is subordinated, such Permitted Refinancing Indebtedness shall (i) be subordinated to the guarantee by the Loan Parties of the
Facilities, and (ii) be otherwise on terms not materially less favorable to the Lenders than those contained in the documentation governing the Indebtedness being Refinanced.EXHIBIT 10.1

 

 

September 19, 2016

 

	 	 
	 	 
	 	 
	Attention:   		 

 

Dear Sirs:

 

This agreement (the “Leak-Out Agreement”)
is being delivered to you in connection with that certain understanding by and among Great Basin Scientific, Inc., a Delaware corporation,
with headquarters located at 420 E. South Temple, Suite 520, Salt Lake City, UT 84111 (the “Company”) and ________________
(the “Holder”).

 

Reference is hereby made to (a) that certain
Securities Purchase Agreement, dated December 28, 2015, by and among the Company, the Holder and certain other buyers signatory
thereto (the “2015 SPA”), pursuant to which the Holder acquired (i) senior secured convertible notes (the “2015
Holder Notes”) and (ii) warrants to acquire shares of Common Stock (as defined in the 2015 SPA) (the “2015 Holder
Warrants”) and (ii) that certain Securities Purchase Agreement, dated June 29, 2016, by and among the Company, the Holder
and certain other buyers signatory thereto (the “2016 SPA”, and together with the 2015 SPA, collectively, the
“SPA”), pursuant to which the Holder acquired (i) senior secured convertible notes (the “2016 Holder
Notes”, and together with the 2015 Holder Notes, the “Holder Notes”) and (ii) warrants to acquire
shares of Common Stock as (the “2016 Holder Warrants”, and together with the 2015 Holder Warrants, the “Holder
Warrants”). Capitalized terms not defined herein shall have the meaning as set forth in the applicable SPA.

 

During the period commencing on the later
of the date hereof and the first day hereafter on which all the Other Holders (as defined below) have duly executed and delivered
a leak-out agreement identical to this Leak-Out Agreement (other than the identity of the Holder and the permitted percentage of
trading volume) (the “Effective Date”) and ending on November 1, 2016 (such period, the "Restricted
Period"), neither the Holder, nor any of its Buyer Trading Affiliates (as defined in the 2015 SPA), collectively, shall
sell, directly or indirectly, (including, without limitation, any sales, short sales, swaps or any derivative transactions that
would be equivalent to any sales or short positions) on any Trading Day during the Restricted Period (any such date, a “Date
of Determination”), more than ____[1]% of the trading volume of Common Stock on the Principal Market (or such
other primary market in which the Common Stock is then trading) as reported by Bloomberg, LP for the applicable Date of Determination;
provided, that the foregoing restrictions shall not apply to any actual “long” (as defined in Regulation SHO of the
Securities Exchange Act of 1934, as amended) sales by the Holder or any of its Buyer Trading Affiliates at a price greater than
either (x) $5.50 or (y) 120% of the Closing Bid Price (as defined in the Holder Notes) of the Common Stock on the Principal Market
(or such other primary market in which the Common Stock is then trading) as reported by Bloomberg, LP as of the close of business
of the Trading Day immediately prior to such Date of Determination (in each case, as adjusted for stock splits, stock dividends,
stock combinations, recapitalizations or other similar events occurring after the date hereof).

__________________________

1Insert
Holder's pro rata portion of 35%.

 

     

     

    

 

Notwithstanding anything herein to the contrary,
during the Restricted Period, the Holder may, directly or indirectly, sell or transfer all, or any part, of the Holder Notes or
Holder Warrants (or any securities issuable upon conversion or exercise of any Holder Notes or Holder Warrants, as applicable)
(the “Restricted Securities”) to any Person (an “Assignee”) without complying with (or otherwise
limited by) the restrictions set forth in this Leak-Out Agreement; provided, that as a condition to any such sale or transfer an
authorized signatory of the Company and such Assignee duly execute and deliver a leak-out agreement in the form of this Leak-Out
Agreement (an “Assignee Agreement”, and each such transfer a “Permitted Transfer”) and sales
of the Holder and its Buyer Trading Affiliates and all Assignees (other than Permitted Transfers) shall be aggregated for all purposes
of this Leak-Out Agreement and all Assignee Agreements.

 

Any notices, consents, waivers or other
communications required or permitted to be given under the terms of this Leak-Out Agreement must be in writing in accordance with
the information set forth in the SPA.

 

This Leak-Out Agreement constitutes the
entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations, letters
and understandings relating to the subject matter hereof and are fully binding on the parties hereto.

 

This Leak-Out Agreement may be executed
simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall
constitute one and the same instrument. This Leak-Out Agreement may be executed and accepted by facsimile or PDF signature and
any such signature shall be of the same force and effect as an original signature.

 

The terms of this Leak-Out Agreement shall
be binding upon and shall inure to the benefit of each of the parties hereto and their respective successors and assigns.

 

This Leak-Out Agreement may not be amended
or modified except in writing signed by each of the parties hereto.

 

     

     

    

 

All questions concerning the construction,
validity, enforcement and interpretation of this letter agreement shall be governed by the internal laws of the State of New York,
without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other
jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. Each party hereby
irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of New York, Borough of Manhattan,
for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that
the venue of such suit, action or proceeding is improper.

 

Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this letter agreement and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve
process in any manner permitted by law. Nothing contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. Each party hereby irrevocably waives any right it may have, and agrees not to request, a jury trial
for the adjudication of any dispute hereunder or in connection with or arising out of this letter agreement or any transaction
contemplated hereby.

 

Each party hereto acknowledges that, in
view of the uniqueness of the transactions contemplated by this letter agreement, the other parties hereto may not have an adequate
remedy at law for money damages in the event that this Leak-Out Agreement has not been performed in accordance with its terms,
and therefore agrees that such other parties shall be entitled to seek specific enforcement of the terms hereof in addition to
any other remedy it may seek, at law or in equity.

 

The obligations of Holder under this Agreement
are several and not joint with the obligations of any other holder of Notes (as defined in 2015 SPA), Notes (as defined in 2016
SPA), Warrants (as defined in 2015 SPA), or Warrants (as defined in 2015 SPA) (each, an “Other Holder”) under
any other agreement, and Holder shall not be responsible in any way for the performance of the obligations of any Other Holder
under any such other agreement. Nothing contained herein or in this Agreement, and no action taken by Holder pursuant hereto, shall
be deemed to constitute Holder and Other Holders as a partnership, an association, a joint venture or any other kind of entity,
or create a presumption that Holder and the Other Holders are in any way acting in concert or as a group with respect to such obligations
or the transactions contemplated by this Agreement and the Company acknowledges that Holder and the Other Holders are not acting
in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any other Agreement.
The Company and Holder confirms that Holder has independently participated in the negotiation of the transactions contemplated
hereby with the advice of its own counsel and advisors. Holder shall be entitled to independently protect and enforce its rights,
including, without limitation, the rights arising out of this Agreement, and it shall not be necessary for any Other Holder to
be joined as an additional party in any proceeding for such purpose.

 

     

     

    

  

The Company hereby represents and warrants
as of the date hereof and covenants and agrees from and after the date hereof that none of the terms offered to any Other Holder
with respect to any restrictions on the sale of Securities (as defined in the 2015 SPA) or Securities (as defined in the 2016 SPA)
substantially in the form of this Agreement (or any amendment, modification, waiver or release thereof) (each a “Settlement
Document”), is or will be more favorable to such Other Holder than those of the Holder and this Agreement. If, and whenever
on or after the date hereof, the Company enters into a Settlement Document, then (i) the Company shall provide notice thereof to
the Holder promptly following the occurrence thereof and (ii) the terms and conditions of this Agreement shall be, without any
further action by the Holder or the Company, automatically amended and modified in an economically and legally equivalent manner
such that the Holder shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in
such Settlement Document, provided that upon written notice to the Company at any time the Holder may elect not to accept the benefit
of any such amended or modified term or condition, in which event the term or condition contained in this Agreement shall apply
to the Holder as it was in effect immediately prior to such amendment or modification as if such amendment or modification never
occurred with respect to the Holder. The provisions of this paragraph shall apply similarly and equally to each Settlement Document.

 

[The remainder of the page is intentionally
left blank]

 

     

     

    

 

	 	 	Sincerely,
	 	 	 
	 	 	GREAT BASIN SCIENTIFIC, INC.
	 	 	 	 
	 	 	 	 
	 	 	By:  	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	 
	Agreed to and Acknowledged:	 	 
	 	 	 
	“HOLDER”	 	 
	 	 	 	 
	 	 	 
	 	 	 	 
	By:  	 	 	 
	 	Name: 	 	 
	 	Title:

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