SEC Contract Filing

Filing Date: 2022-10-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>accd-20220831xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 10/6/2022 07:26:27 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:right;margin:0pt 0pt 6pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_DV_C7"></a></b>Exhibit 10.1</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">SEVENTH AMENDMENT TO CREDIT AGREEMENT </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">This </font><b style="font-size:11pt;font-weight:bold;">Seventh Amendment to Credit Agreement </b><font style="font-size:11pt;">(this &#8220;Amendment&#8221;) is made as of July 19, 2022, by and among Accolade, Inc. (&#8220;Borrower&#8221;), each of the Guarantors party hereto, the financial institutions signatory hereto (the &#8220;Lenders&#8221;) and Comerica Bank, as agent for the Lenders (in such capacity, &#8220;Agent&#8221;).</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;text-transform:uppercase;margin:12pt 0pt 12pt 0pt;"><u style="text-decoration-line:underline;text-decoration-style:solid;">RECITALS</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">A.</font></font><font style="font-size:11pt;">Borrower, Agent and Lenders entered into that certain Credit Agreement, dated as of July 19, 2019 (as amended or otherwise modified from time to time, the &#8220;Credit Agreement&#8221; and the Credit Agreement as in effect prior to the Seventh Amendment Effective Date (as defined below), the &#8220;Existing Credit Agreement.).</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">B.</font></font><font style="font-size:11pt;">The Agent and the Lenders have agreed to make certain amendments to the Credit Agreement, all as set forth in this Amendment and subject to the terms hereof.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:11pt;font-weight:bold;">NOW, THEREFORE</b><font style="font-size:11pt;">, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, Borrower, Agent and the Lenders agree as follows:</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman Bold';font-size:10pt;line-height:1.19;margin-bottom:12pt;table-layout:fixed;text-align:justify;text-transform:uppercase;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman Bold';font-size:11pt;text-transform:uppercase;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">1.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman Bold';font-size:11pt;font-style:normal;font-weight:bold;text-transform:uppercase;">Subject to the satisfaction of the conditions precedent set forth in Section 3 below:</b></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin-bottom:12pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:36pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">(a)</td><td style="padding:0pt;"><u style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-decoration-line:underline;text-decoration-style:solid;">the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: </u><b style="color:#ff0000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;text-decoration-line:line-through;text-decoration-style:solid;">stricken text</b><u style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-decoration-line:underline;text-decoration-style:solid;">) and to add the bold, double-underlined text (indicated textually in the same manner as the following example: </u><b style="border-bottom-style:solid;border-bottom-width:0.5pt;color:#1f497d;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;">double-underlined text</b><u style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-decoration-line:underline;text-decoration-style:solid;">) as set forth in the pages of the Credit Agre