SEC Contract Filing

Filing Date: 2016-08-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a6302016ex-101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s6764c1fb74f14caf98a3838d80fb8f30"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:3px;text-align:right;padding-left:149px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;padding-top:3px;text-align:left;padding-left:149px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-top:3px;text-align:left;padding-left:149px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">THIRD AMENDMENT TO CREDIT AGREEMENT</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;padding-left:6px;text-indent:46px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">THIRD AMENDMENT TO CREDIT AGREEMENT </font><font style="font-family:inherit;font-size:11pt;">(this &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is made as of July 25, 2016 by and among </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">CARBONITE, INC. </font><font style="font-family:inherit;font-size:11pt;">(the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the Lenders party thereto from time to time, the lenders listed on the signature pages hereto (each a &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221; and, collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">SILICON VALLEY BANK </font><font style="font-family:inherit;font-size:11pt;">(&#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">SVB</font><font style="font-family:inherit;font-size:11pt;">&#8221;), as the Issuing Lender and the Swingline Lender, and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">SVB</font><font style="font-family:inherit;font-size:11pt;">, as administrative agent for the Lenders (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;). All capitalized terms used but not otherwise defined in this Amendment have the meanings ascribed to them in the Credit Agreement.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:213px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">W I T N E S S E T H:</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;padding-left:6px;text-indent:46px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Borrower, the Lenders and the Administrative Agent are party to that certain Credit Agreement dated as of May 6, 2015, as amended by a First Amendment to Credit Agreement dated as of May 22, 2015 and a Second Amendment to Credit Agreement dated as of October 30, 2015 (as amended, modified, supplemented or restated and in effect from time to time, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;); and</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:6px;text-indent:46px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent agree to modify and amend certain terms and conditions of the Credit Agreement as provided herein. The Administrative Agent and the sole Lender have agreed to so amend the Credit Agreement, subject to the terms and conditions set forth herein.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:6px;text-indent:46px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and subject to the satisfaction of the conditions to effectiveness described in </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Section 3</font><font style="font-family:inhe