Document:

EX-10.1

EXHIBIT 10.1

Summary of 2010 Non-Employee Director Compensation Program

The 2010 compensation program for non-employee directors of UDR, Inc. consists of a
combination of cash retainers for board and committee service and long-term incentives in the form
of service-based restricted stock.

For 2010, each non-employee director will receive an annual retainer fee of $50,000 ($100,000
for a non-employee chairman of the board of directors). Non-employee directors, other than
committee chairpersons, also receive an annual retainer fee of $7,500 for each committee on which
they serve. The chairpersons of each of the Audit, Compensation and Governance Committees receive
an annual retainer fee of $15,000. Non-employee directors who are members of the Executive
Committee, other than the Chairman of the Board, also receive an annual retainer fee of $7,500 for
their service on the Executive Committee and the Chairperson of the Executive Committee, other than
the Chairman of the Board, receives an annual retainer fee of $15,000. These fees will be paid in
January 2010.

On January 8, 2010, each non-employee director also received a grant of $90,000 in value of
shares of restricted stock ($180,000 for a non-employee chairman of the board of directors) priced
at the closing sales price of our common stock on January 4, 2010, or $16.21 per share. The shares
of restricted stock will vest on the anniversary of the date of grant. Directors are entitled to
receive dividends during the vesting period; however, any unvested shares at the end of the
one-year vesting period will be returned to us and cancelled.

Directors who are also employees of UDR, Inc. receive no additional compensation for service
as a director.exhibit4-1.htm

Exhibit 4.1

 

 

FIRST SUPPLEMENTAL INDENTURE

 

 

This First Supplemental Indenture, dated as of December 9, 2009 (this “First Supplemental Indenture”), is by and among BCF Cards, Inc., a Virginia corporation (“BCF
Cards”), Burlington Coat Factory of Hawaii, LLC, a Hawaii limited liability company (“BCF Hawaii”), Burlington Coat Factory of Mississippi, LLC, a Mississippi limited liability company (“BCF Mississippi”), Burlington Coat Factory of Montana, LLC, a Montana limited liability company (“BCF
Montana”), Burlington Coat Factory of Puerto Rico, LLC, a Puerto Rico limited liability company (“BCF Puerto Rico”), Burlington Coat Factory of Rhode Island, a Rhode Island limited liability company (“BCF Rhode Island”), Burlington Coat Factory of South Dakota, LLC, a South Dakota limited liability company (“BCF
South Dakota”), Burlington Coat Factory of Vermont, LLC, a Vermont limited liability company (“BCF Vermont”), Burlington Coat Factory Warehouse of Edgewater Park, Inc., a New Jersey corporation (“BCFW Edgewater”), and Burlington Coat Factory of Wyoming, LLC, a Wyoming limited liability company (“BCF
Wyoming” and, together with BCF Cards, BCF Hawaii, BCF Mississippi, BCF Montana, BCF Puerto Rico, BCF Rhode Island, BCF South Dakota, BCF Vermont and BCFW Edgewater, the “New Guarantors” and each, a “New Guarantor”), Burlington Coat Factory Warehouse Corporation, a Delaware corporation (together with its successors and assigns, the “Company”),
each other then existing Guarantor under the Indenture referred to below (the “Guarantors”), and Wells Fargo Bank, N.A., Trustee under the Indenture referred to below.  Capitalized terms used and not defined herein shall have the same meanings given in the Indenture unless otherwise indicated.

 

W I T N E S S E T H:

 

WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered an Indenture, dated as of April 13, 2006 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of 11 1⁄8% Senior Notes
due 2014 of the Company (the “Notes”);

 

WHEREAS, pursuant to Section 11.9 of the Indenture, each Restricted Subsidiary is required, within ten (10) days of becoming a Restricted Subsidiary, to execute and deliver to the Trustee a supplemental indenture and other agreements making such Subsidiary a party to the Indenture;

 

WHEREAS, pursuant to Section 4.17 of the Indenture, the Company is required to cause each Restricted Subsidiary that guarantees any Indebtedness of the Company or any of the Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary will Guarantee the Company’s obligations
under the Indenture;

 

WHEREAS, each of the New Guarantors is a Restricted Subsidiary of the Company and has guaranteed Indebtedness of the Company;

 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee, the Company and the Guarantors are authorized to execute and deliver this First Supplemental Indenture to amend the Indenture, without the consent of any Holder; and

 

WHEREAS, by entering into this First Supplemental Indenture, the Company, the Guarantors and the Trustee have consented to amend the Indenture in accordance with the terms and conditions herein.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Guarantors, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

Section 1.                      Agreement to be Bound.  Each New Guarantor hereby becomes a party to the Indenture as a Guarantor and as such will have all
of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture.  Each New Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

 

Section 2.                      Compliance with and Fulfillment of Condition of Sections 4.17 and 11.9.  The execution and delivery of this First Supplemental
Indenture and the Notation of Guarantee by the New Guarantors (along with such documentation relating thereto as the Trustee shall require) fulfills the obligations of the Company under Sections 4.17 and 11.9 of the Indenture.

 

Section 3.                      Ratification of Indenture; Supplemental Indenture Part of Indenture; Trustee’s Disclaimer.  Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.  The Trustee makes no representation or warranty as to the validity or sufficiency of this
First Supplemental Indenture.

 

Section 4.                      Governing Law.  This First Supplemental Indenture and the Notes shall be governed
by and construed in accordance with the laws of the State of New York, as applied to contracts made and performed within the State of New York.

 

Section 5.                      No Adverse Interpretation of Other Agreements.  This First Supplemental
Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries (other than the Indenture).  No such indenture, loan or debt agreement may be used to interpret this First Supplemental Indenture or the Indenture.

 

Section 6.                      Successors.  This First Supplemental Indenture shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

Section 7.                      Separability.  Each provision of this First Supplemental Indenture
shall be considered separable and if for any reason any provision which is not essential to the effectuation of the basic purpose of this First Supplemental Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section 8.                      Counterpart Originals.  The parties may sign multiple counterparts of this First Supplemental  Indenture.  Each
signed counterpart shall be deemed an original, but all of them together represent one and the same agreement.

 

Section 9.                      Headings, etc.  The headings of the Sections of this First Supplemental
Indenture have been inserted for convenience of reference only, are not to be considered a part of this First Supplemental  Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

* * * * *

 

 

 

  

  

  

 

IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.

 

BCF CARDS, INC., as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF HAWAII, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF MISSISSIPPI, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF MONTANA, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF PUERTO RICO, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF RHODE ISLAND, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF SOUTH DAKOTA, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF VERMONT, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY WAREHOUSE OF EDGEWATER PARK, INC. as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY OF WYOMING, LLC, as a Guarantor

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

 

EACH OF THE SUBSIDIARIES LISTED ON ANNEX A HERETO, as Guarantors

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY WAREHOUSE CORPORATION

 

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

BURLINGTON COAT FACTORY INVESTMENTS HOLDINGS, as a Guarantor

 

By: /s/                      Paul Tang

Name:  Paul Tang

Title:  Executive Vice President

 

WELLS FARGO BANK, N.A., as Trustee

 

By:  /s/ Raymond Delli Colli

 

Name:  Raymond Delli Colli

 

Title:  Vice President

 

 

 

  

  

  

 

ANNEX A

	
Guarantors
	
Jurisdiction of Organization

	
Burlington Coat Factory of Alabama, LLC
	
Alabama

	
Burlington Coat Factory Realty of Huntsville, LLC
	
Alabama

	
Burlington Coat Factory Warehouse of Anchorage, Inc.
	
Alaska

	
Burlington Coat Factory of Arizona, LLC
	
Arizona

	
Burlington Coat Factory Realty of Mesa, Inc.
	
Arizona

	
Burlington Coat Factory Realty of Desert Sky, Inc.
	
Arizona

	
Burlington Coat Factory of Arkansas, LLC
	
Arkansas

	
Burlington Coat Factory of California, LLC
	
California

	
Burlington Coat Factory Warehouse of San Bernardino, LLC
	
California

	
Baby Depot of California, LLC
	
California

	
MJM Designer Shoes of California, LLC
	
California

	
Burlington Coat Factory Realty of Dublin, Inc.
	
California

	
Burlington Coat Factory Realty of Florin, Inc.
	
California

	
Burlington Coat Factory Realty of Ventura, Inc.
	
California

	
Burlington Coat Factory of Colorado, LLC
	
Colorado

	
Burlington Coat Factory of Connecticut, LLC
	
Connecticut

	
Cohoes Fashions of Connecticut, LLC
	
Connecticut

	
Burlington Coat Realty of East Windsor, Inc.
	
Connecticut

	
Burlington Coat Factory Warehouse Corporation
	
Delaware

	
Burlington Coat Factory Realty Corp.
	
Delaware

	
Burlington Coat Factory of Delaware, LLC
	
Delaware

	
MJM Designer Shoes of Delaware, LLC
	
Delaware

	
C.F.I.C. Corporation
	
Delaware

	
Burlington Coat Factory of Texas, L.P.
	
Delaware

	
Burlington Coat Factory of Texas, Inc.
	
Delaware

	
Burlington Coat Factory Purchasing, Inc.
	
Delaware

	
Burlington Coat Factory of Florida, LLC
	
Florida

	
MJM Designer Shoes of Florida, LLC
	
Florida

	
Burlington Coat Factory Realty of University Square, Inc.
	
Florida

	
Burlington Coat Factory Realty of Coral Springs, Inc.
	
Florida

	
Burlington Coat Factory Realty of West Colonial, Inc.
	
Florida

	
Burlington Coat Factory Realty of Orlando, Inc.
	
Florida

	
Burlington Coat Factory Realty of Sarasota, Inc.
	
Florida

	
K & T Acquisition Corp.
	
Florida

	
Bee Ridge Plaza, LLC
	
Florida

	
Burlington Coat Factory of Georgia, LLC
	
Georgia

	
Burlington Coat Factory Warehouse of Atlanta, Inc.
	
Georgia

	
Burlington Coat Factory Realty of Morrow, Inc.
	
Georgia

	
Burlington Coat Factory of Iowa, LLC
	
Iowa

	
Burlington Coat Factory of Idaho, LLC
	
Idaho

	
Burlington Coat Factory of Illinois, LLC
	
Illinois

	
Burlington Coat Factory Warehouse of East St. Louis, Inc.
	
Illinois

	
Burlington Coat Realty of Gurnee, Inc.
	
Illinois

	
Burlington Coat Factory Realty of Bloomingdale, Inc.
	
Illinois

	
Burlington Coat Factory Realty of River Oaks, Inc.
	
Illinois

	
Burlington Coat Factory of Indiana, LLC
	
Indiana

	
Burlington Coat Factory Realty of Greenwood, Inc.
	
Indiana

	
Burlington Coat Factory of Kansas, LLC
	
Kansas

	
Burlington Coat Factory of Kentucky, Inc.
	
Kentucky

	
Burlington Coat Factory of Louisiana, LLC
	
Louisiana

	
Burlington Coat Factory of Maine, LLC
	
Maine

	
Burlington Coat Factory of Maryland, LLC
	
Maryland

	
Burlington Coat Factory of Massachusetts, LLC
	
Massachusetts

	
Cohoes Fashions of Massachusetts, LLC
	
Massachusetts

	
Burlington Coat Factory Realty of North Attleboro, Inc.
	
Massachusetts

	
Burlington Coat Factory of Michigan, LLC
	
Michigan

	
Burlington Coat Factory Warehouse of Detroit, Inc.
	
Michigan

	
Burlington Coat Factory Warehouse of Redford, Inc.
	
Michigan

	
Burlington Coat Factory Warehouse of Grand Rapids, Inc.
	
Michigan

	
Burlington Coat Factory of Minnesota, LLC
	
Minnesota

	
Burlington Coat Factory of Missouri, LLC
	
Missouri

	
Burlington Coat Factory Realty of Des Peres, Inc.
	
Missouri

	
Burlington Coat Factory of Nebraska, LLC
	
Nebraska

	
Burlington Coat Factory of Nevada, LLC
	
Nevada

	
Burlington Coat Realty of Las Vegas, Inc.
	
Nevada

	
Burlington Coat Factory of New Hampshire, LLC
	
New Hampshire

	
Burlington Coat Factory of New Jersey, LLC
	
New Jersey

	
MJM Designer Shoes of New Jersey, LLC
	
New Jersey

	
Cohoes Fashions of New Jersey, LLC
	
New Jersey

	
Burlington Coat Factory Direct Corporation
	
New Jersey

	
M J M Designer Shoes of Moorestown, Inc.
	
New Jersey

	
Super Baby Depot of Moorestown, Inc.
	
New Jersey

	
Burlington Coat Factory Realty of Edgewater Park, Inc.
	
New Jersey

	
Burlington Coat Factory Realty of Paramus, Inc.
	
New Jersey

	
Burlington Coat Factory Realty of Pinebrook, Inc.
	
New Jersey

	
Burlington Coat Factory Warehouse of Edgewater Park Urban

Renewal Corp.
	
New Jersey

	
Burlington Coat Factory Warehouse of New Jersey, Inc.
	
New Jersey

	
Burlington Coat Factory of New Mexico, LLC
	
New Mexico

	
Burlington Coat Factory of New York, LLC
	
New York

	
MJM Designer Shoes of New York, LLC
	
New York

	
Cohoes Fashions of New York, LLC
	
New York

	
Georgetown Fashions Inc.
	
New York

	
Monroe G. Milstein, Inc.
	
New York

	
LC Acquisition, Inc.
	
New York

	
Burlington Coat Factory Realty of Yonkers, Inc.
	
New York

	
Burlington Coat Factory of North Carolina, LLC
	
North Carolina

	
Burlington Coat Factory of North Dakota, LLC
	
North Dakota

	
Burlington Coat Factory of Ohio, LLC
	
Ohio

	
Burlington Coat Factory Warehouse of Cleveland, Inc.
	
Ohio

	
Burlington Coat Factory of Oklahoma, LLC
	
Oklahoma

	
Burlington Coat Factory Realty of Tulsa, Inc.
	
Oklahoma

	
Burlington Coat Factory of Oregon, LLC
	
Oregon

	
Burlington Coat Factory of Pennsylvania, LLC
	
Pennsylvania

	
MJM Designer Shoes of Pennsylvania, LLC
	
Pennsylvania

	
Burlington Coat Factory Warehouse of Bristol, LLC
	
Pennsylvania

	
Burlington Coat Factory Warehouse of Montgomeryville, Inc.
	
Pennsylvania

	
Burlington Coat Factory Warehouse of Cheltenham, Inc.
	
Pennsylvania

	
Burlington Coat Factory Warehouse of Langhorne, Inc.
	
Pennsylvania

	
Burlington Coat Factory Realty of West Mifflin, Inc.
	
Pennsylvania

	
Burlington Coat Factory Realty of Langhorne, Inc.
	
Pennsylvania

	
Burlington Coat Factory Realty of Whitehall, Inc
	
Pennsylvania

	
Burlington Factory Warehouse of Reading, Inc.
	
Pennsylvania

	
Burlington Coat Factory Warehouse Inc.
	
Pennsylvania

	
Cohoes Fashions of Cranston, Inc.
	
 Rhode Island

	
Burlington Coat Factory of South Carolina, LLC
	
South Carolina

	
Burlington Coat Factory Warehouse of Charleston, Inc
	
South Carolina

	
Burlington Coat Factory Warehouse of Memphis, Inc.
	
Tennessee

	
Burlington Coat Factory Warehouse of Shelby, Inc.
	
Tennessee

	
Burlington Coat Factory Warehouse of Hickory Commons, Inc.
	
Tennessee

	
Burlington Coat Factory Realty of Memphis, Inc
	
Tennessee

	
Burlington Coat Factory Warehouse of Baytown, Inc.
	
Texas

	
M J M Designer Shoes of Texas, Inc.
	
Texas

	
Burlington Coat Realty of Plano, Inc.
	
Texas

	
Burlington Coat Realty of Houston, Inc.
	
Texas

	
Burlington Coat Factory Realty of Westmoreland, Inc.
	
Texas

	
Burlington Coat Factory Realty of Bellaire, Inc.
	
Texas

	
Burlington Coat Factory Realty of El Paso, Inc.
	
Texas

	
Burlington Coat Factory of Utah, LLC
	
Utah

	
Burlington Coat Factory of Virginia, LLC
	
Virginia

	
Burlington Coat Factory of Pocono Crossing, LLC
	
Virginia

	
Burlington Coat Factory Warehouse of Coliseum, Inc.
	
Virginia

	
Burlington Coat Realty of Potomac, Inc.
	
Virginia

	
Burlington Coat Factory Realty of Fairfax, Inc.
	
Virginia

	
Burlington Coat Factory Realty of Coliseum, Inc.
	
Virginia

	
Burlington Coat Factory of Washington, LLC
	
Washington

	
Burlington Coat Factory Realty of Franklin, Inc.
	
Washington

	
Burlington Coat Factory of West Virginia, LLC
	
West Virginia

	
Burlington Coat Factory of Wisconsin, LLC
	
Wisconsin

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