SEC Contract Filing

Filing Date: 2018-03-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d545864dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">INCREMENTAL LOAN ASSUMPTION AGREEMENT, dated as of March&nbsp;1, 2018 (this &#147;<U>Agreement</U>&#148;), is made and entered into by and
among AAC Holdings, Inc., a Nevada corporation (the &#147;<U>Borrower</U>&#148;), the other Loan Parties, each of the entities listed under the caption &#147;Incremental Term Lenders&#148; on the signature pages hereto (each, an &#147;<U>Incremental
Term Lender</U>&#148; and, collectively, the &#147;<U>Incremental Term Lenders</U>&#148;), the other Lenders party hereto constituting the Required Lenders and Credit Suisse AG, as Administrative Agent and Collateral Agent under the Credit Agreement
(as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, reference is made to the Credit Agreement, dated as of June&nbsp;30, 2017 (as amended, restated, supplemented or otherwise modified
prior to the date of this Agreement, the &#147;<U>Credit Agreement</U>&#148;), by and among the Borrower, the lenders party thereto and Credit Suisse AG, as Administrative Agent and Collateral Agent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, on the Effective Date (as defined below), the Borrower shall acquire, directly or indirectly through AAC Healthcare Network, Inc., a
Delaware corporation and a wholly-owned Subsidiary of the Borrower (the &#147;<U>Buyer</U>&#148;), all of the outstanding equity interests of AdCare, Inc., a Massachusetts corporation, and its subsidiaries (the &#147;<U>Company</U>&#148;), from
AdCare Holding Trust, a Massachusetts Business Trust (the &#147;<U>Seller</U>&#148;), pursuant to and in accordance with the Securities Purchase Agreement, dated as of September&nbsp;13, 2017 (the &#147;<U>Acquisition Agreement</U>&#148;), by and
among the Borrower, the Buyer, the Company and the Seller (the &#147;<U>Acquisition</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the
Acquisition, the Borrower shall obtain the Incremental Term Loans (as defined below) and use the proceeds thereof and cash on hand on the Effective Date solely to pay the acquisition consideration for the Acquisition and the costs, expenses and fees
incurred in connection therewith (collectively, the &#147;<U>Transactions</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, on the terms and subject to the conditions
set forth in this Agreement and in the Credit Agreement and pursuant to and in accordance with the definition of &#147;Incremental Term Loan Amount&#148; in, and Sections 2.23, 6.01(m), 6.04(f) and 9.08 of, the Credit Agreement, the Borrower has
requested that (a)&nbsp;the Incremental Term Lenders provide Incremental Term Loans in an aggregate principal amount of $65,000,000 on the Effective Date (the &#147;<U>Incremental Term Loans</U>&#148;) and (b)&nbsp;the other Lenders party hereto
constituting the Required Lenders hereby agree to make the amendments to the Credit Agreement set forth in this Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS,
the Incremental Term Lenders are willing to provide the Incremental Term Loans to the Borrower on the Effective Date pursuant to and in accordance with the definition of &#147;Incremental Term Loan Amount&#148; in, and Sections 2.23 and 6.04(f) of,
the Credit Agreement and the parties hereto hereby wish to amend the Credit Agreement on the terms and subject to the conditions set forth in this Agreement and in the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual agreements in this Agreement contained and other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1.
<B><I>Defined Terms; Interpretation; Etc</I></B>. Capitalized terms used and not defined in this Agreement shall have the meanings assigned to such terms in the Credit Agreement. This Agreement is an &#147;Incremental Loan Assumption Agreement&#148;
and a &#147;Loan Document&#148;. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <B><I>Incremental Term Loans</I></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Each Incremental Term Lender hereby agrees, severally and not jointly, to make its respective Incremental Term Loan to the
Borrower on the Effective Date on the terms and subject to the conditions set forth in this Agreement and in the Credit Agreement and pursuant to and in accordance with the definition of &#147;Incremental Term Loan Amount&#148; (as determined as of
the applicable LCA Test Time) in, and Sections 2.23 and 6.04(f) of, the Credit Agreement in an aggregate principal amount equal to the amount set forth opposit