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 Exhibit 10.1

First Amendment To
Amended and Restated Multicurrency Credit Agreement
 
This First Amendment to Amended and Restated Multicurrency Credit Agreement
(herein, the “Amendment”) is entered into as of March 31, 2005, by and among
Jones Lang LaSalle Finance B.V., the Guarantors party hereto, the Banks party
hereto and Harris Trust and Savings Bank, as Administrative Agent.

Preliminary Statements

A.  The Borrower, the Guarantors, the Banks and Harris Trust and Savings Bank,
as Administrative Agent, entered into a certain Amended and Restated
Multicurrency Credit Agreement, dated as of April 13, 2004 (the “Credit
Agreement”). All capitalized terms used herein without definition shall have the
same meanings herein as such terms have in the Credit Agreement.

B.  The Borrower has requested that the Banks agree to certain amendments to the
Credit Agreement, and the Banks are willing to do so under the terms and
conditions set forth in this Amendment.

Now, Therefore, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:

Section 1.
Amendments.

Subject to the satisfaction of the conditions precedent set forth in Section 2
below, the Credit Agreement shall be and hereby is amended as follows:

1.1  Section 7.23 of the Credit Agreement is hereby amended by deleting the
percentage “20%” appearing in the third and eighth lines thereof and inserting
in its place the percentage “30%”.

Section 2.
Conditions Precedent.

This Amendment shall become effective as of March 31, 2005 upon the
Administrative Agent’s receipt of counterparts hereof executed by the Borrower,
the Guarantors, the Required Banks and the Administrative Agent.

Section 3.
Representations.

In order to induce the Banks to execute and deliver this Amendment, each of the
Borrower and the Parent hereby represents to the Banks and the Administrative
Agent that as of the date hereof the representations and warranties set forth in
Section 5 of the Credit Agreement are and shall be and remain true and correct
and the Borrower and the Parent are in compliance with the terms and conditions
of the Credit Agreement and no Default or Event of Default has occurred and is
continuing under the Credit Agreement or shall result after giving effect to
this Amendment.

  

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Section 4.
Miscellaneous.

4.1.  Except as specifically amended herein, the Credit Agreement shall continue
in full force and effect in accordance with its original terms. Reference to
this specific Amendment need not be made in the Credit Agreement, the Notes, or
any other instrument or document executed in connection therewith, or in any
certificate, letter or communication issued or made pursuant to or with respect
to the Credit Agreement, any reference in any of such items to the Credit
Agreement being sufficient to refer to the Credit Agreement as amended hereby.

4.2.  The Borrower agrees to pay on demand all costs and expenses of or incurred
by the Bank in connection with the negotiation, preparation, execution and
delivery of this Amendment, including the fees and expenses of counsel for the
Administrative Agent.

4.3.  This Amendment may be executed in any number of counterparts, and by the
different parties on different counterpart signature pages, all of which taken
together shall constitute one and the same agreement. Any of the parties hereto
may execute this Amendment by signing any such counterpart and each of such
counterparts shall for all purposes be deemed to be an original. This Amendment
shall be governed by the internal laws of the State of Illinois.

[Signature Page to Follow]

 

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This First Amendment to Credit Agreement is entered into as of the date and year
first above written.

 
 
 
Jones Lang LaSalle Finance B.V.
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Managing Director  

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Jones Lang LaSalle Incorporated, as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Treasurer  

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Jones Lang LaSalle Co-Investment, Inc., as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Treasurer  

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Jones Lang LaSalle International, Inc., as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Treasurer  

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LaSalle Investment Management, Inc., as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Treasurer  

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[First Amendment to Credit Agreement]

S-1

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Jones Lang LaSalle Americas, Inc., as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Treasurer  

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Jones Lang LaSalle Limited, as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Attorney-in-fact  

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Jones Lang LaSalle Gmbh, as Guarantor
 
   
   
  By:   /s/ Brian P. Hake    

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  Title Attorney-in-fact  

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[First Amendment to Credit Agreement]

S-2

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Harris Trust and Savings Bank, in its individual capacity as a Bank and as
Administrative Agent
 
   
   
  By:   /s/ Thomas A. Batterham    

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  Title Managing Director    

 
[First Amendment to Credit Agreement]

S-3

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Royal Bank of Scotland plc
 
   
   
  By:   /s/ Richard H. Meddleton    

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  Title Head of Professional Practices  

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[First Amendment to Credit Agreement]

S-4

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LaSalle Bank National Association
 
   
   
  By:   /s/ Joshua A. Proctor    

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  Title AVP  

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[First Amendment to Credit Agreement]

S-5

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Bank of America, N.A.
 
   
   
  By:   /s/ Adam M. Goettsche    

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  Title Vice President   

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[First Amendment to Credit Agreement]

S-6

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U.S. Bank National Association
 
   
   
  By:   /s/ R. Michael Newton    

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  Title Vice President   

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[First Amendment to Credit Agreement]

S-7

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Barclays Bank plc
 
   
   
  By:   /s/ David Barton    

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  Title Associate Director   

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[First Amendment to Credit Agreement]

S-8

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HSBC Bank PLC
 
   
   
  By:   /s/ Paul Saunders    

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  Title Global Relationship Manager   

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[First Amendment to Credit Agreement]

S-9

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Fifth Third Bank (Chicago), a Michigan banking corporation
 
   
   
  By:   /s/ Joseph A. Wemhoff    

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  Title Vice President  

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[First Amendment to Credit Agreement]

S-10

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Bank of Scotland
 
   
   
  By:   /s/ Karen Welch    

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  Title Assistant Vice President  

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[First Amendment to Credit Agreement]

S-11

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National City Bank of Michigan/Illinois
 
   
   
  By:   /s/ James M. Kershner    

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  Title Vice President   

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[First Amendment to Credit Agreement]

S-12

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PNC Bank, National Association
 
   
   
  By:   /s/ Michael E. Smith    

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  Title Senior Vice President   

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[First Amendment to Credit Agreement]

S-13

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Wells Fargo Bank, N.A.
 
   
   
  By:   /s/ Andrew Cavallari    

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  Title Vice President   

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[First Amendment to Credit Agreement]

S-14

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The Bank of New York
 
   
   
  By:   /s/ Mark O’Connor    

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  Title Vice President   

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[First Amendment to Credit Agreement]

S-15

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The Northern Trust Company
 
   
   
  By:   /s/ Kurt Prusener    

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  Title Vice President   

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[First Amendment to Credit Agreement]
     
S-16

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