SEC Contract Filing

Filing Date: 2019-05-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>s118373_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>FORBEARANCE
AGREEMENT, </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>EIGHTH
AMENDMENT TO CREDIT AGREEMENT AND FOURTH </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B><U>AMENDMENT
TO AMENDED AND RESTATED ADDENDUM TO CREDIT AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
FORBEARANCE AGREEMENT, EIGHTH AMENDMENT TO CREDIT AGREEMENT AND FOURTH AMENDMENT TO AMENDED AND RESTATED ADDENDUM TO CREDIT AGREEMENT
(this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into on May 15, 2019, by and among (A)&nbsp;Fred&rsquo;s, Inc., a Tennessee
corporation (&ldquo;<U>Parent</U>&rdquo;); (B) the Subsidiaries of Parent identified on the signature pages hereto as Borrowers
(each of such Subsidiaries, together with Parent, jointly and severally, &ldquo;<U>Borrowers</U>&rdquo; and, each, a &ldquo;<U>Borrower</U>&rdquo;);
(C)&nbsp;the Subsidiaries of Parent identified as Guarantors on the signature pages hereto (each of such Subsidiaries, jointly
and severally, &ldquo;<U>Guarantors</U>&rdquo; and, each, a &ldquo;<U>Guarantor</U>&rdquo;; Guarantors, together with Borrowers, jointly
and severally, &ldquo;<U>Loan Parties</U>&rdquo; and, each, a &ldquo;<U>Loan Party</U>&rdquo;); (D) the Lenders party to the Credit
Agreement defined below; (E) the Co-Collateral Agents party to the Credit Agreement defined below; and (F)&nbsp;Regions Bank,
an Alabama bank, in its capacity as administrative agent for Lenders, LC Issuers and other Secured Parties (as defined in the
Credit Agreement) (in such capacity, &ldquo;<U>Administrative Agent</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Recitals</U>:</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
Parties, Lenders, Swingline Lender, LC Issuers, Co-Collateral Agents and Administrative Agent are parties to that certain Credit
Agreement dated as of April 9, 2015, as amended by that certain First Amendment to Credit Agreement dated as of October 23, 2015,
that certain Second Amendment to Credit Agreement dated as of December 28, 2016, that certain Third Amendment to Credit Agreement
dated as of January 27, 2017, that certain Fourth Amendment to Credit Agreement, First Amendment to Amended and Restated Addendum
to Credit Agreement, and First Amendment to Security Agreement dated as of July 31, 2017, that certain Fifth Amendment to Credit
Agreement dated as of August 22, 2017, that certain Sixth Amendment to Credit Agreement and Ratification, Reaffirmation and Assumption
dated as of April 5, 2018, and that certain Seventh Amendment to Credit Agreement, Second Amendment to Amended and Restated Addendum
to Credit Agreement, Second Amendment to Security Agreement, and Ratification, Reaffirmation and Assumption dated as of August
23, 2018 (as so amended, and as the same may be further amended, restated, supplemented, or otherwise modified from time to time,
the &ldquo;<U>Credit Agreement</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
Parties, Lenders, Administrative Agent and certain other parties are parties to that certain Amended and Restated Addendum to
Credit Agreement dated as of January 27, 2017, as amended by that certain Fourth Amendment to Credit Agreement, First Amendment
to Amended and Restated Addendum to Credit Agreement, and First Amendment to Security Agreement dated as of July 31, 2017, that
certain Seventh Amendment to Credit Agreement, Second Amendment to Amended and Restated Addendum to Credit Agreement, Second Amendment
to Security Agreement, and Ratification, Reaffirmation and Assumption dated as of August 23, 2018, and that