Credit Agreement (April 16th, 2015)

THIS CREDIT AGREEMENT (this "Agreement") is made and entered into as of April 9, 2015, by and among (A) FRED'S, INC., a Tennessee corporation ("Parent"), (B) the Subsidiaries of Parent identified on the signature pages hereto and any other Subsidiaries of Parent which may become Borrowers hereunder pursuant to Section 5.11 (each of such Subsidiaries, together with Parent, jointly and severally, "Borrowers" and, each, a "Borrower"); (C) the Loan Parties identified on the signature pages hereto and any other Subsidiaries of Parent which may become Guarantors hereunder pursuant to Section 5.11 (each of such Subsidiaries, jointly and severally, "Guarantors" and, each, a "Guarantor"); (D) the financial institutions from time to time party hereto (each, a "Lender" and, collectively, "Lenders"); (E) REGIONS BANK, an Alabama bank (as further defined below, "Regions Bank"), in its capacity as Swingline Lender (as defined below) and LC Issuer (as defined below); and (F) Regions Bank, in its capa

Amendment to Employment Agreement (September 11th, 2014)

WHEREAS, an Employment Agreement ("Agreement") dated as of September 22, 2007, was entered into by and between Fred's Inc. ("Company") and Bruce A. Efird ("Executive"), as amended; and