SEC Contract Filing

Filing Date: 2024-04-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>3
<FILENAME>rent-amendmenttocreditag.htm
<DESCRIPTION>EX-10.27
<TEXT>
<HTML>
<HEAD><!-- Document generated by Workiva Inc -->
<TITLE>rent-amendmenttocreditag</TITLE>
</HEAD>
<BODY bgcolor="white">
<DIV align="center">
<DIV style="margin-left:1em;width:1055;"><!-- rent-amendmenttocreditag001.jpg -->
<DIV style="padding-top:2em;">
<IMG src="rent-amendmenttocreditag001.jpg" title="slide1" width="1055" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white"> TENTH AMENDMENT TO CREDIT AGREEMENT This TENTH AMENDMENT TO CREDIT AGREEMENT, dated as of December 1, 2023 (this &quot;Amendment&quot;), to the Credit Agreement, dated as of July 23, 2018, by and among the lenders from time to time party thereto (individually, a &quot;Lender,&quot; and any and all such lenders collectively, the &quot;Lenders&quot;), Double Helix Pte Ltd, as the Agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the &quot;Agent&quot;), and Rent the Runway, Inc., a Delaware corporation (the &quot;Borrower&quot;) (as amended by the First Amendment to Credit Agreement, dated as of December 21, 2018, the Second Amendment to Credit Agreement, dated as of April 24, 2019, the Third Amendment to Credit Agreement and First Amendment to the Security Agreement, dated as of November 26, 2019, the Fourth Amendment to Credit Agreement, dated as of June 2, 2020, the Fifth Amendment to Credit Agreement, dated as of August 18, 2020, the Sixth Amendment to Credit Agreement and Second Amendment to the Security Agreement, dated as of October 26, 2020, the Seventh Amendment to Credit Agreement and Third Amendment to the Security Agreement, dated as of October 18, 2021, the Eighth Amendment to Credit Agreement, dated as of August 15, 2022, and the Ninth Amendment to Credit Agreement, dated as of January 31, 2023, and as further amended, amended and restated, supplemented or otherwise modified from time to time, the &quot;Credit Agreement&quot;) is by and among the Borrower, the Lenders and the Agent. Unless otherwise defined herein, capitalized terms used herein shall have the meanings provided in the Credit Agreement. WHEREAS, the Borrower, the Agent and the Lenders desire to amend certain provisions of the Credit Agreement as provided more fully herein, subject to the terms and conditions set forth herein. NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: Section 1 Amendments to the Credit Agreement. 1.01 The Credit Agreement is hereby amended (a) to delete the red or green stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (b) to add the blue or green double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text), in each case, as set forth in the marked copy of the Credit Agreement attached hereto as Exhibit A and made a part hereof for all purposes. 1.02 Each of Schedules 1.1 (Compliance Information), 5.3(b) (Real Property), 5.16 (Subsidiaries), 5.18 (Material Contracts), 5.20 (Capital Structure), 5.23 (Employee Matters) and 5.29 (Inbound Licenses) to the Credit Agreement are hereby amended and restated in their entirety, in each case, as set forth on Exhibit B attached hereto. 1.03 A new Schedule 6.21 (Excluded Fixed Operating Expenditures) is hereby added to the Credit Agreement and set forth on Exhibit C attached hereto. 1.04 Each of Schedules 1.1 (Intellectual Property), 1.2 (Pledged Interests), 2.1 </FONT></DIV>
<P><HR noshade><P>
<DIV style="page-break-before:always;">&nbsp;</DIV>
</DIV>
<!-- rent-amendmenttocreditag002.jpg -->
<DIV style="padding-top:2em;">
<IMG src="rent-amendmenttocreditag002.jpg" title="slide2" width="1055" height="1365">
<DIV><FONT size="1" style="font-size:1pt;color:white">2 (Commercial Tort Claims), 3.2 (General Information), 3.3(a) (Inventory and Equipment Locations), 3.3(b) (Accounts) and 3.3(c) (Documents) to the Security Agreement are hereby amended and restated in their entirety, in each case, as set forth on Exhibit D attached hereto. Section 2 Representations and Warranties. The Borrower hereby represents and warrants to the Lenders and the Agent as follows: 2.01 No Default. At and as of the date of this Amendment and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 2.02 Representations and Warranties True and Correct. At and as of the date of this Amendment and after giving effect to this Amendment, each of the representations and warranties made by any Credit Party in or pursuant to the Loan Documents (as amended hereby) are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to &#8220;materiality&#8221; or &#8220;Material Adverse Effect&#8221; in the text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification), except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to &#8220;materiality&#8221; or &#8220;Material Adverse Effect&#8221; in the text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification) on and as of such earlier date. 2.03 Due Authorization. Execution, delivery and performance of this Amendment and the Credit Agreement (as amended hereby) (i) are within the Borrowe