SEC Contract Filing

Filing Date: 2024-08-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2421197d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 10.1</B></P>

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<P STYLE="text-align: right; margin: 0pt"><B><I>Execution Version</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>JOINDER AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in">JOINDER AGREEMENT, dated as of August 9, 2024 (this
 &ldquo;<U>Agreement</U>&rdquo;), by and among Bank of America, N.A., JPMorgan Chase Bank, N.A., PNC Bank, N.A., Synovus Bank and United
Community Bank (each, a &ldquo;<U>New Term Loan Lender</U>&rdquo;), Nautilus Acquisition Holdings, Inc., a Delaware corporation (&ldquo;<U>Holdings</U>&rdquo;),
National Vision, Inc., a Georgia corporation (the &ldquo;<U>Company</U>&rdquo;), the other Credit Parties party hereto and Bank of America,
N.A., as the Administrative Agent (the &ldquo;<U>Administrative Agent</U>&rdquo;).</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>WHEREAS</B>, reference is hereby made to the Second
Amended and Restated Credit Agreement, dated as of June 13, 2023 (as amended, restated, supplemented or otherwise modified from time to
time, the &ldquo;<U>Credit Agreement</U>&rdquo;), among Holdings, the Company, as Borrower, the other Credit Parties party thereto, the
lending institutions from time to time parties thereto, the Letter of Credit Issuers and Bank of America, N.A., as the Swingline Lender,
the Administrative Agent and the Collateral Agent (capitalized terms used but not defined herein having the meaning provided in the Credit
Agreement);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>WHEREAS</B>, subject to the terms and conditions
of the Credit Agreement, the Borrower may establish New Term Loan Commitments by, among other things, entering into one or more Joinder
Agreements with New Term Loan Lenders;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>WHEREAS</B>, the Borrower has notified the Administrative
Agent that it is requesting the establishment of New Term Loans in an aggregate principal amount of $115,000,000 (the &ldquo;<U>New Term
Loans</U>&rdquo;) as an increase to the aggregate principal amount of Term A Loans outstanding under the Credit Agreement immediately
prior to the effectiveness of this Joinder Agreement;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>WHEREAS</B>, after giving effect to this Joinder
Agreement the aggregate principal amount of Term A Loans (which shall be deemed to include the New Term Loans) outstanding under the Credit
Agreement is $257,500,000; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>WHEREAS</B>, the proceeds of the New Term Loans,
together with cash from the balance sheet and amounts drawn under the Revolving Credit Facility, are intended to be used, substantially
concurrently with, and in any event within three Business Days (or such later date as the Administrative Agent may determine in its sole
discretion) of,&nbsp;the funding of the New Term Loans, to repurchase up to $300 million aggregate principal amount of the Company&rsquo;s
2.50% Convertible Senior Notes due 2025 and to pay fees and expenses in connection therewith.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 1in"><B>NOW, THEREFORE</B>, in consideration of the premises
and agreements, provisions and covenants herein contained, the parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: uppercase"><B>Article
I. The NEW TERM LOANS</B></FONT></P>

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