SEC Contract Filing

Filing Date: 2017-08-28

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d439879dex101.htm
<DESCRIPTION>EX-10.1
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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; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>FIRST AMENDMENT TO CREDIT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this &#147;<U>Amendment</U>&#148;) is entered into as of August&nbsp;25, 2017 (the &#147;<U>First
Amendment Effective Date</U>&#148;) by and among e.l.f. Cosmetics, Inc., a Delaware corporation (&#147;<U>e.l.f. Cosmetics</U>&#148;), JA 139 Fulton Street Corp., a New York corporation (&#147;<U>JA 139 Fulton</U>&#148;), JA 741 Retail Corp., a New
York corporation (&#147;<U>JA 741 Retail</U>&#148;), JA Cosmetics Retail, Inc., a New York corporation (&#147;<U>JA Cosmetics Retail</U>&#148;), J.A. RF, LLC, a Delaware limited liability company (&#147;<U>JA RF</U>&#148;), and J.A. Cherry Hill,
LLC, a Delaware limited liability company (&#147;<U>JA Cherry Hill</U>&#148;; collectively with e.l.f. Cosmetics, JA 139 Fulton JA 741 Retail, JA Cosmetics Retail and JA RF, the &#147;<U>Borrowers</U>&#148;), e.l.f. Beauty, Inc., a Delaware
corporation (&#147;<U>e.l.f. Beauty</U>&#148;), the other Persons party hereto that are designated as a &#147;Loan Party&#148; on the signature pages hereof, Bank of Montreal, a Canadian chartered bank acting through its Chicago branch (in its
individual capacity, &#147;<U>BMO</U>&#148;), as Administrative Agent, an L/C Issuer and as a Lender, and the other Lenders signatory hereto. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">W I T N E S S E T H: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
Borrowers, the other Loan Parties, BMO, as Administrative Agent, an L/C Issuer and as a Lender, and the other Lenders from time to time party thereto are parties to that certain Credit Agreement dated as of December&nbsp;23, 2016 (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Loan
Parties have requested that the Lenders amend certain provisions of the Credit Agreement, and, subject to the satisfaction of the conditions set forth herein, the Administrative Agent and the Lenders signatory hereto are willing to do so, on the
terms set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties
agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Defined Terms</U>. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the
Credit Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Amendments to Credit Agreement</U>. Upon satisfaction of the conditions set forth in Section&nbsp;3 hereof, the
Credit Agreement is hereby amended 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">(a) Section&nbsp;1.01 (Defined Terms) of the Credit Agreement is hereby
amended by adding the following defined terms and the definitions therefor in appropriate alphabetical order: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;First Amendment
Effective Date&#148; means August&nbsp;25, 2017. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;First Amendment to Credit Agreement&#148; shall mean that certain First Amendment
to Credit Agreement, dated as of the First Amendment Effective Date, by and among the Borrowers, the Guarantors party thereto, the Administrative Agent and the Lenders party thereto. </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">(a) The definition of &#147;Applicable Margin&#148; set forth in
Section&nbsp;1.01 (Defined Terms) of the Credit Agreement is hereby amended to replace the table set forth therein with the table set forth below: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Consolidated&nbsp;Total&nbsp;Net</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Leverage</P> <P STYLE="margin-top:0pt; mar