SEC Contract Filing

Filing Date: 2018-12-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101-thirdamendmentt.htm
<DESCRIPTION>AMENDMENT TO CREDIT AGREEMENT
<TEXT>
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<div><a name="sa6ec566b60a14598a17d0e36260f14f6"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EXHIBIT 10.1</font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;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-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Third Amendment to Credit Agreement (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is dated as of November 30, 2018, by and among </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">FASTENAL COMPANY</font><font style="font-family:inherit;font-size:11pt;">, a Minnesota corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the undersigned &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221; parties to the Credit Agreement herein defined and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WELLS FARGO BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:11pt;">, a national banking association (in its individual capacity, &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Wells Fargo</font><font style="font-family:inherit;font-size:11pt;">,&#8221; and in its administrative agent capacity for the Lenders, &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">RECITALS:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">A.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">Borrower, Administrative Agent and the &#8220;Lenders&#8221; referred to therein are parties to that certain Credit</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:11pt;">Agreement dated as of May 1, 2015, as amended by that certain First Amendment to Credit Agreement dated as of November 23, 2015 and that certain Second Amendment to Credit Agreement dated as of March 10, 2017 (as the same may be amended in writing and in effect from time to time, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), pursuant to which Lenders have agreed to make loans and other financial accommodations available to the Borrower.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">B.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">U.S. Bank National Association (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Departing Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221;) desires to no longer participate as a Lender under the Credit Agreement and to assign apportion of its interest under the Credit Agreement and Loan Documents to Bank of America, N.A. and the remaining portion of its interest under the Credit Agreement to Branch Banking and Trust Company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">New Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">C.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">Borrower has requested certain modifications to the Credit Agreement, including but not limited to, an extension of the Revolving Credit Maturity Date, and the Lenders are willing to agree to such modifications to the Credit Agreement, all subject and pursuant to the terms and conditions contained in this Amendment.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, the parties hereby agree to amend the Credit Agreement as follows: </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.</font><font style="font-family:inherit;font-size:10pt;">&#1