On January 9, 2018, Sears Holdings Corporation and certain of its subsidiaries entered into a Fourth Supplemental Indenture with Wilmington Trust, National Association, as successor trustee and collateral agent, amending the Indenture, dated as of October 12, 2010 among the Company, the subsidiaries of the Company party thereto as guarantors from time to time and Wells Fargo Bank, National Association, as trustee and collateral agent, governing the Company's 6 5/8% Senior Secured Notes due 2018. The Supplemental Indenture amended the borrowing base definition in the Indenture to increase the advance rate for inventory to 75% from 65%. The Supplemental Indenture also defers the collateral coverage test for purposes of the repurchase offer covenant in the Indenture and restarts it with the second quarter of 2018. On January 9, 2018, the Company, Sears Roebuck Acceptance Corp. and Kmart Corporation (collectively, the Borrowers) and certain other subsidiaries of the Company entered into a Second Amendment to Second Lien Credit Agreement with the lenders party thereto and JPP, LLC, as administrative agent and collateral administrator, amending the Second Lien Credit Agreement, dated as of September 1, 2016 (the Second Lien Credit Agreement), among the Company, the Borrowers, the other subsidiaries of the Company party thereto as guarantors from time to time, the lenders party thereto from time to time, and the Second Lien Agent, as previously amended by the First Amendment to Second Lien Credit Agreement, dated as of July 7, 2017 among the Company, the Borrowers, the other subsidiaries of the Company party thereto, the lenders party thereto and the Second Lien Agent. The Second Amendment amended the borrowing base definition in the Second Lien Credit Agreement to increase the advance rate for inventory to 75% from 65%. The Second Amendment also defers the collateral coverage test for purposes of the mandatory repayment covenant in the Second Lien Credit Agreement such that no such mandatory repayment can be required until the end of the third quarter of 2018.