SEC Contract Filing

Filing Date: 2020-02-18

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d844889dex101.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">THIS PLAN SUPPORT AGREEMENT IS NOT AN OFFER OR ACCEPTANCE WITH RESPECT TO ANY SECURITIES OR A SOLICITATION OF ACCEPTANCES OF A CHAPTER 11 PLAN WITHIN THE
MEANING OF SECTION&nbsp;1125 OF THE BANKRUPTCY CODE. ANY SUCH OFFER OR SOLICITATION WILL COMPLY WITH ALL APPLICABLE SECURITIES LAWS AND/OR PROVISIONS OF THE BANKRUPTCY CODE. NOTHING CONTAINED IN THIS PLAN SUPPORT AGREEMENT SHALL BE AN ADMISSION OF
FACT OR LIABILITY OR, UNTIL THE OCCURRENCE OF THE AGREEMENT EFFECTIVE DATE ON THE TERMS DESCRIBED HEREIN, DEEMED BINDING ON ANY OF THE PARTIES HERETO. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>PLAN SUPPORT AGREEMENT </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This PLAN SUPPORT AGREEMENT (including all exhibits, annexes, and schedules hereto in accordance with Section&nbsp;14.02,
this&nbsp;&#147;<B><U>Agreement</U></B>&#148;) is made and entered into as of February&nbsp;16, 2020 (the &#147;<B><U>Execution Date</U></B>&#148;), by and among the following parties (each of the following described in <FONT
STYLE="white-space:nowrap">sub-clauses&nbsp;(i)&nbsp;through</FONT> (ii)&nbsp;of this preamble, collectively, the&nbsp;&#147;<B><U>Parties</U></B>&#148;):<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Pier 1 Imports, Inc. a company incorporated under the Laws of Delaware (&#147;<B><U>Pier 1</U></B>&#148;), and
each of its direct subsidiaries listed on <B><U>Exhibit A</U></B> to this Agreement that have executed and delivered counterpart signature pages to this Agreement to counsel to the Consenting Term Lenders (the Entities in this clause&nbsp;(i),
collectively, the &#147;<B><U>Company Parties</U></B>&#148;); and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">ii.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the undersigned holders of Term Loan Claims that have executed and delivered counterpart signature pages to
this Agreement, a Joinder, or a Transfer Agreement to counsel to the Company Parties (collectively, the &#147;<B><U>Consenting Term Lenders</U></B>&#148;). </P></TD></TR></TABLE>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Capitalized terms used but not defined in the preamble and recitals to this Agreement have the meanings
ascribed to them in Section&nbsp;1. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>RECITALS </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company Parties and the Consenting Term Lenders have negotiated certain transactions with respect to the Company Parties
on the terms set forth in this Agreement and as will be specified in a chapter 11 plan to be negotiated as set forth herein (the&nbsp;&#147;<B><U>Plan</U></B>&#148;), and in the bidding procedures related to a potential sale of assets, attached as
<B><U>Exhibit B</U></B> hereto (as may be amended, modified, waived, or supplemented in accordance herewith, the &#147;<B><U>Bidding Procedures</U></B>,&#148; such transactions as described in this Agreement, the Plan, and the Bidding Procedures the
&#147;<B><U>Transactions</U></B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company Parties intend to implement the Transactions, including through the
commencement of voluntary cases under chapter 11 of the Bankruptcy Code in the Bankruptcy Court (the &#147;<B><U>Chapter 11 Cases</U></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Parties have agreed to take certain actions in support of the Transactions<B> </B>on the terms and conditions set forth in
this Agreement, the Plan, and the Bidding Procedures; </P> <P STYLE="margin-top:12pt; margin-bot