Document:

Exhibit 10.5

 

EIGHTH AMENDMENT TO LEASE

 

THIS EIGHTH  AMENDMENT TO LEASE (this “Amendment”)
is entered into as of this 12th day of January, 2009, by and
between BMR-40 ERIE STREET LLC, a Delaware limited liability company (“Landlord,”
as successor-in-interest to Fort Washington Limited Partnership (“Original
Landlord”)), and VERTEX PHARMACEUTICALS INCORPORATED (“Tenant”).

 

RECITALS

 

A.            WHEREAS, Original Landlord
and Tenant entered into that certain Lease dated as of March 3, 1995, as
amended by that certain First Amendment to Lease dated as of December     ,
1995, that certain Second Amendment to Lease dated as of June 13, 1997,
that certain Third Amendment to Lease dated as of October 1, 1998 (the “Third
Amendment”), that certain Fourth Amendment to Lease dated as of February 2,
2000, that certain Fifth Amendment to Lease dated as of May 1, 1999 (the “Fifth
Amendment”), that certain Sixth Amendment to Lease dated as of April 6,
2005, and that certain Seventh Amendment to Lease dated as of October 15,
2007  (collectively, and as the same may
have been further amended, supplemented or modified from time to time, the “Lease”),
whereby Tenant leases certain premises from Landlord at 40 Erie Street in
Cambridge, Massachusetts (the “Building”);

 

B.            WHEREAS, Landlord and Tenant
desire to extend the term of the Lease; and

 

C.            WHEREAS, Landlord and Tenant
desire to modify and amend the Lease only in the respects and on the conditions
hereinafter stated.

 

AGREEMENT

 

NOW, THEREFORE, Landlord and Tenant, in
consideration of the mutual promises contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound, agree as follows:

 

1.             Definitions.  For purposes of this Amendment,
capitalized terms shall have the meanings ascribed to them in the Lease unless
otherwise defined herein.

 

2.             Extension of Term.  The Term is hereby extended for five (5) years,
until December 31, 2015.  The period
from January 1, 2011, through December 31, 2015, is referred to
herein as the “Extension Term.”

 

3.             Extension
Options.

 

a.             Tenant shall have two (2) options
to further extend the Term (the “Options to Extend”) for successive
periods of five (5) years each (the “Extension Periods”), subject
to and on the terms set forth herein. 
The Options to Extend are in lieu of, and not in addition to, any
extension options in the Lease.  Tenant
may only exercise the Options to Extend with respect to the entire
Premises.  If Tenant shall desire to
exercise any Option to Extend, it shall give Landlord a notice (the “Inquiry
Notice”) of such desire not later than fifteen (15) months prior to the
expiration of the then-current Term. 
Thereafter, the Fair Market Rent (as defined in Section 3(c) below)
for the applicable 

 

 

Extension
Period shall be determined in accordance with Section 3(d) below.  After the applicable Fair Market Rent has
been so determined, Tenant shall exercise each Option to Extend by giving
Landlord notice (the “Exercise Notice”) of its election to do so not
later than twelve (12) months prior to the expiration of the then-current
Term.  If Tenant fails to timely give
either the Inquiry Notice or the Exercise Notice to Landlord with respect to
any Option to Extend, Tenant shall be conclusively deemed to have waived such
Option to Extend hereunder.

 

b.             Notwithstanding any contrary
provision of the Lease as amended hereby, each Option to Extend and any
exercise by Tenant thereof shall be void and of no force or effect unless on
the dates Tenant gives Landlord its Inquiry Notice and Exercise Notice for each
Option to Extend and on the date of commencement of the each Extension Period, (i) the
Lease as amended hereby is in full force and effect, (ii) there is no
Event of Default of Tenant under the Lease as amended hereby and (iii) Tenant
has not assigned or subleased (or agreed to assign or sublease) more than fifty
percent (50%) of the rentable floor area of the Premises.

 

c.             All of the terms,
provisions, covenants and conditions of the Lease as amended hereby shall
continue to apply during each Extension Period, except that the Annual Fixed
Rent Rate during each Extension Period (the “Extension Rent”) shall be
equal to the fair market rent for the Premises determined as of the date twelve
(12) months prior to expiration of the then-current Term in accordance with the
procedure set forth in Section 3(d) below (the “Fair Market
Rent”).

 

d.             The Fair Market Rent for
each Extension Period shall be determined as follows:  within five (5) days after Tenant gives Landlord
its Inquiry Notice with respect to any Option to Extend, Landlord shall give
Tenant notice of Landlord’s determination of the Fair Market Rent for the
applicable Extension Period.  Within ten (10) days
after Tenant receives such notice, Tenant shall notify Landlord of its
agreement with or objection to Landlord’s determination of the Fair Market
Rent, whereupon, if Tenant objects, the Fair Market Rent shall be determined by
arbitration conducted in the manner set forth below.  If Tenant does not notify Landlord of Tenant’s
agreement with or objection to Landlord’s determination of the Fair Market Rent
within such ten (10) day period, then the Fair Market Rent for the
applicable Extension Period shall be deemed to be Landlord’s determination of
the Fair Market Rent as set forth in the notice from Landlord described in this
Section.

 

e.             If Tenant notifies Landlord
of Tenant’s objection to Landlord’s determination of Fair Market Rent under the
preceding subsection, such notice shall also set forth a request for
arbitration and Tenant’s appointment of a commercial real estate broker having
at least ten (10) years experience in the commercial leasing market in
Cambridge, Massachusetts (an “Arbitrator”).  Within five (5) days thereafter,
Landlord shall by notice to Tenant appoint a second Arbitrator.  Each Arbitrator shall be advised to determine
the Fair Market Rent for the applicable Extension Period within thirty (30)
days after Landlord’s appointment of the second Arbitrator.  On or before the expiration of such thirty
(30) day period, the two Arbitrators shall confer to compare their respective
determinations of the Fair Market Rent. 
If the difference between the amounts so determined by the two
Arbitrators is less than or equal to ten percent (10%) of the lower of said
amounts, then the final determination of the Fair Market Rent shall be equal to
the average of said amounts.  If such

 

2

 

difference
between said amounts is greater than ten percent (10%), then the two
arbitrators shall have ten (10) days thereafter to appoint a third
Arbitrator (the “Third Arbitrator”), who shall be instructed to
determine the Fair Market Rent for the applicable Extension Period within ten (10) days
after its appointment by selecting one of the amounts determined by the other
two Arbitrators.  Each party shall bear
the cost of the Arbitrator selected by such party.  The cost for the Third Arbitrator, if any,
shall be shared equally by Landlord and Tenant.

 

4.             Early Termination Option.  Notwithstanding anything in the Lease or this
Amendment to the contrary, Tenant shall have the right to terminate the Lease
as of December 31, 2013; provided that Tenant (a) notifies
Landlord of such termination no later than December 31, 2012, (b) simultaneously
terminates that certain undated Lease by and between BMR-Sidney Street LLC (as
successor-in-interest to David E. Clem and David M. Roby, Trustees of Fort
Washington Realty Trust u/d/t dated June 19, 1995, recorded with the
Middlesex (South) District Registry of Deeds in Book 25422, Page 360 and
filed with the Middlesex (South) Registry District of the Land Court as
Document No. 976230) and Tenant in accordance with the terms thereof, as
the same may have been amended, supplemented or otherwise modified from time to
time, and (c) pays to Landlord no later than January 15, 2013, a
termination payment in the amount of Fifteen Million Dollars
($15,000,000).  Time is of the essence
with respect to this Section.

 

5.             Annual Fixed Rent.  Notwithstanding anything in the Lease to the
contrary, Tenant shall pay to Landlord as Annual Fixed Rent for the Premises
during the Extension Term the following amounts:

 

	
  Months

  	
   

  	
  r.s.f.

  	
   

  	
  Per r.s.f.

  	
   

  	
  Total Monthly

  	
   

  	
  Total Annually

  	
   

  
	
  1-12

  	
   

  	
  100,854

  	
   

  	
  $

  	
  45.50
  annually

  	
   

  	
  $

  	
  382,404.75

  	
   

  	
  $

  	
  4,588,857.00

  	
   

  
	
  13-24

  	
   

  	
  100,854

  	
   

  	
  $

  	
  47.50
  annually

  	
   

  	
  $

  	
  399,213.75

  	
   

  	
  $

  	
  4,790,565.00

  	
   

  
	
  25-36

  	
   

  	
  100,854

  	
   

  	
  $

  	
  49.50
  annually

  	
   

  	
  $

  	
  416,022.75

  	
   

  	
  $

  	
  4,992,273.00

  	
   

  
	
  37-48

  	
   

  	
  100,854

  	
   

  	
  $

  	
  51.50
  annually

  	
   

  	
  $

  	
  432,831.75

  	
   

  	
  $

  	
  5,193,981.00

  	
   

  
	
  49-60

  	
   

  	
  100,854

  	
   

  	
  $

  	
  53.50
  annually

  	
   

  	
  $

  	
  449,640.75

  	
   

  	
  $

  	
  5,395,689.00

  	
   

  

 

6.             Condition of Premises. 
Tenant acknowledges that it is in possession of and is fully familiar
with the condition of the Premises and agrees to take the same in its condition
“as is” as of the first day of the Extension Term.  Landlord shall continue to have its repair
and maintenance requirements as set forth in the Lease.

 

7.             Broker. Tenant represents and warrants that it has not dealt with any broker
or agent in the negotiation for or the obtaining of this Amendment, other than
CB Richard Ellis (“Broker”), and agrees to indemnify, defend and hold
Landlord harmless from any and all cost or liability for compensation claimed
by any such broker or agent, other than Broker, employed or engaged by it or

 

3

 

claiming to have been employed or engaged by
it.  Broker is entitled to a leasing
commission in connection with the making of this Amendment, and Landlord shall
pay such commission to Broker pursuant to a separate agreement between Landlord
and Broker.

 

8.             Effect
of Amendment.  Except as modified by this Amendment, the
Lease and all the covenants, agreements, terms, provisions and conditions
thereof shall remain in full force and effect and are hereby ratified and
affirmed.  The covenants, agreements,
terms, provisions and conditions contained in this Amendment shall bind and
inure to the benefit of the parties hereto and their respective successors and,
except as otherwise provided in the Lease, their respective assigns.  In the event of any conflict between the terms
contained in this Amendment and the Lease, the terms herein contained shall
supersede and control the obligations and liabilities of the parties.  From and after the date hereof, the term “Lease”
as used in the Lease shall mean the Lease, as modified by this Amendment.

 

9.             Miscellaneous.  This Amendment becomes
effective only upon execution and delivery hereof by Landlord and Tenant. The
captions of the paragraphs and subparagraphs in this Amendment are inserted and
included solely for convenience and shall not be considered or given any effect
in construing the provisions hereof.  All
exhibits hereto are incorporated herein by reference.

 

10.           Counterparts.  This Amendment may be executed
in one or more counterparts that, when taken together, shall constitute one
original.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT
BLANK]

 

4

 

IN WITNESS WHEREOF, Landlord and Tenant have
hereunto set their hands as of the date and year first above written, and
acknowledge that they possess the requisite authority to enter into this
transaction and to execute this Amendment.

 

LANDLORD:

 

BMR-40 ERIE STREET LLC,

a Delaware
limited liability company

 

 

	
  By:

  	
  /s/ Kevin M. Simonsen

  	
   

  
	
  Name:

  	
  Kevin M. Simonsen

  	
   

  
	
  Title:

  	
  VP, Real Estate Counsel

  	
   

  

 

 

TENANT:

 

VERTEX PHARMACEUTICALS INCORPORATED

 

 

	
  By:

  	
  /s/ Kenneth S. Boger

  	
   

  
	
  Name:

  	
  Kenneth S. Boger

  	
   

  
	
  Title:

  	
  Senior Vice President and
  General CounselExhibit 10.1

 

[EXECUTION COPY]

 

FIRST AMENDMENT TO CREDIT AGREEMENT

 

This FIRST
AMENDMENT TO CREDIT AGREEMENT, dated as of March 25, 2009 (this
“Amendment”), among (i) AFFILIATED
MANAGERS GROUP, INC., a Delaware corporation (the “Borrower”),
(ii) the undersigned Lenders (as defined below), and (iii) BANK OF AMERICA, N.A. (“Bank of America”),
as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), amends certain provisions of the certain Third Amended and
Restated Credit Agreement, dated as of November 27, 2007 (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the several banks and other financial
institutions from time to time party thereto (the “Lenders”), the
Administrative Agent, The Bank of New York Mellon (as successor by merger to
The Bank of New York), JPMorgan Chase Bank, N.A. and U.S. Bank National
Association, as Co-Syndication Agents, Calyon New York Branch and RBS Citizens,
National Association, as Co-Documentation Agents.  Any capitalized term used herein and not
defined shall have the meaning assigned to it in the Credit Agreement.

 

RECITALS

 

WHEREAS, the Borrower has requested that the
undersigned Lenders and the Administrative Agent agree to amend certain of the
terms and provisions of the Credit Agreement, as specifically set forth in this
Amendment; and

 

WHEREAS, the undersigned Lenders and the
Administrative Agent are prepared to amend the Credit Agreement on the terms,
subject to the conditions and in reliance on the representations set forth
herein.

 

NOW THEREFORE, in consideration of the mutual agreements
contained in the Credit Agreement and herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

 

Section 1.              Amendments to Credit Agreement.

 

(a)           Section 1.1
of the Credit Agreement (Defined Terms) is hereby amended by restating the
following definitions in their entirety as follows:

 

“ABR” means, for any day, a fluctuating rate
per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of
1%, (b) the rate of interest in effect for such day as publicly announced
from time to time by Bank of America as its “prime rate,” and (c) a percentage
per annum equal to Eurodollar Rate for a one-month Interest Period in effect
for such day (or if such day is not a Business Day, the immediately preceding
Business Day) plus 1.25%.  The
“prime rate” is a rate set by Bank of America based upon various factors
including Bank of America’s costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some
loans, which may be priced at, above or below such announced rate.  Any change in the ABR 

 

1

 

due to a change in any of the foregoing shall take
effect at the opening of business on the day specified in the public
announcement of such change.

 

“EBITDA” means, for any Person for any
period, the sum (without duplication) of the amount for such Person for such
period of (a) its net income before taxes and (b) to the extent
deducted in determining its net income, (i) its interest expense
(including capitalized interest expense), (ii) its depreciation expense,
(iii) its amortization expense, (iv) its non-cash asset impairment
expense and (v) its Non-Cash Based Compensation Costs.

 

(b)           Section 3.6
of the Credit Agreement (Computation of Interest and Fees) is hereby amended by
deleting the words “Bank of America’s “prime rate”“ appearing in paragraph
(a) of such Section 3.6 and inserting in lieu thereof the words “the
ABR”.

 

Section 2.              Conditions Precedent.  This
Amendment shall become effective as of the date first written above upon
(a) execution hereof by the Borrower, the Subsidiary Guarantors, the
Administrative Agent and the Required Lenders and (b) the Administrative
Agent’s receipt, for the account of each Lender consenting to this Amendment, a
work fee in the amount of $5,000 per such Lender and its Affiliates who are
Lenders, which fee shall be deemed fully earned and non-refundable upon receipt
thereof.

 

Section 3.              Continued Validity of Loan Documents. 
Except for the amendments to the Credit Agreement set forth in Section 1
hereof, this Amendment shall not, by implication or otherwise, limit, impair,
constitute a waiver of or otherwise affect any rights or remedies of the
Administrative Agent or any Lender under any of the Loan Documents, nor alter,
modify, amend or in any way affect any of the rights, remedies, obligations or
any covenants of the Borrower or any Subsidiary Guarantor contained in any of
the other Loan Documents, all of which are ratified and confirmed in all
respects and shall continue in full force and effect.

 

Section 4.              Representations and Warranties.  Each
of the Borrower and the Subsidiary Guarantors (each, a “Loan Party”)
hereby represents and warrants to the Administrative Agent and the Lenders as
follows:

 

(a)           Due
Execution and Authorization; Legal, Valid and Binding Obligation.  This Amendment has been duly executed and
delivered by such Loan Party.  The
execution and delivery and performance by such Loan Party of this Amendment is
within such Person’s corporate powers and has been duly authorized by all
necessary action on its part.  This
Amendment, the Credit Agreement as amended hereby and all other Loan Documents
to which such Person is a party constitute the legal, valid and binding
obligations of such Person, enforceable against such Person in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law).

 

(b)           No
Legal Bar.  The execution, delivery
and performance by such Loan Party of this Amendment and the performance by
such Person of this Amendment and the Credit Agreement as amended hereby, will
not violate any certificate of incorporation and by-laws or other similar
organizational or governing documents of such Person, any Requirement of Law or

 

2

 

any
Contractual Obligation of such Loan Party or any of its Subsidiaries, except
for such violations of Requirements of Law or Contractual Obligations which
could not, singly or in the aggregate, reasonably be expected to have a
Material Adverse Effect, and will not result in, or require, the creation or
imposition of any Lien on any of its respective properties or revenues pursuant
to any such organizational or governing document, Requirement of Law or
Contractual Obligation.

 

(c)           Representations
and Warranties in Loan Documents. 
All representations and warranties of each Loan Party set forth in the
Credit Agreement and in any other Loan Document are true and correct in all
material respects on and as of the date hereof to the same extent as though
made on and as of such date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material
respects on and as of such earlier date.

 

(d)           No
Default.  No Default or Event of
Default has occurred and is continuing.

 

Section 5.              Ratification.  Except as expressly amended or
waived hereby, the Credit Agreement, the other Loan Documents and all
documents, instruments and agreements related thereto, are hereby ratified and
confirmed in all respects and shall continue in full force and effect.  The Credit Agreement, together with this
Amendment, shall be read and construed as a single agreement.  All references in the Loan Documents to the
Credit Agreement or any other Loan Document shall hereafter refer to the Credit
Agreement or any other Loan Document as amended hereby.

 

Section 6.              Counterparts; Integration; Effectiveness.  This
Amendment may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of
which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier (or electronic mail (in PDF
format)) shall be effective as delivery of a manually executed counterpart of
this Amendment.

 

Section 7.              Miscellaneous.  This Amendment constitutes the entire
agreement of the parties with respect to the subject matter hereof and
supersedes any prior understandings or agreements which may have existed with
respect thereto.  Except as expressly
provided herein, this Amendment shall not, by implication or otherwise, limit,
impair, constitute a waiver of or otherwise affect any rights or remedies of
the Administrative Agent or any Lender under the Credit Agreement or the other
Loan Documents, nor alter, modify, amend or in any way affect any of the
obligations or covenants contained in the Credit Agreement or any of the other
Loan Documents, all of which are ratified and confirmed in all respects and
shall continue in full force and effect. 
To the extent there is any inconsistency between the terms and
provisions of any Loan Document and the terms and provisions of this Amendment,
the terms and provisions of this Amendment shall govern.  The headings used in this Amendment are for
convenience of reference only and shall not in any way be deemed to limit,
define or describe the scope and intent of this Amendment or any provision
hereof.  This Amendment shall be binding
upon and inure to the benefit of the Administrative Agent, each of the Lenders
and each of the Loan Parties, and to each of their respective successors in
title and assigns.  This Amendment may
not be modified or amended except in a manner permitted by Section 10.1 of
the Credit Agreement.

 

3

 

In making proof of this Amendment, it shall not be necessary to produce
or account for more than one such counterpart.

 

Section 8.              Costs and Expenses. 
Pursuant to Section 10.5 of the Credit Agreement, all reasonable
out-of-pocket costs and expenses incurred or sustained by the Administrative
Agent in connection with this Amendment, including all Attorney Costs of the
Administrative Agent in producing, reproducing and negotiating this Amendment,
will be for the account of the Borrower whether or not this Amendment is
consummated.

 

Section 9.              Governing Law.  THIS AMENDMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY).

 

4

 

IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be executed and delivered as of the date
first above written.

 

	
   

  	
  Borrower:

  
	
   

  	
   

  
	
   

  	
  AFFILIATED MANAGERS GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  BANK OF AMERICA, N.A., as

  
	
   

  	
  Administrative Agent, as Swingline Lender and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joshua A. Podietz

  
	
   

  	
  Name:

  	
  Joshua A. Podietz

  
	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  THE BANK OF NEW YORK MELLON,

  
	
   

  	
  as a Co-Syndication Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Pensari

  
	
   

  	
  Name:

  	
  Michael Pensari

  
	
   

  	
  Title:

  	
  V.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  JPMORGAN CHASE BANK, N.A.,

  
	
   

  	
  as a Co-Syndication Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sergey Sherman

  
	
   

  	
  Name:

  	
  Sergey Sherman

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  CALYON NEW YORK BRANCH

  
	
   

  	
  as a Co-Documentation Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sebastian Rocco

  
	
   

  	
  Name:

  	
  Sebastian Rocco

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Charles Kornberger

  
	
   

  	
  Name:

  	
  Charles Kornberger

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  U.S. BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as a Co-Syndication Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kari E. Niermann

  
	
   

  	
  Name:

  	
  Kari E. Niermann

  
	
   

  	
  Title:

  	
  Assistant Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  RBS CITIZENS, NATIONAL ASSOCIATION,

  
	
   

  	
  as a Co-Documentation Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Darcy Salinger

  
	
   

  	
  Name:

  	
  Darcy Salinger

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  UNION BANK OF CALIFORNIA, N.A.,

  
	
   

  	
  as a Co-Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joshua Gross

  
	
   

  	
  Name:

  	
  Joshua Gross

  
	
   

  	
  Title:

  	
  Investment Banking Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  CREDIT SUISSE, CAYMAN ISLANDS BRANCH as a
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jay Chall

  
	
   

  	
  Name:

  	
  Jay Chall

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Karl Studer

  
	
   

  	
  Name:

  	
  Karl Studer

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  DEUTSCHE BANK AG NEW YORK BRANCH, as a
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kathleen Bowers

  
	
   

  	
  Name:

  	
  Kathleen Bowers

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Campites

  
	
   

  	
  Name:

  	
  Michael Campites

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  MERRILL LYNCH BANK USA, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Louis Alder

  
	
   

  	
  Name:

  	
  Louis Alder

  
	
   

  	
  Title:

  	
  First Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  THE BANK OF NOVA SCOTIA,

  
	
   

  	
  as a Co-Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David L. Mahmood

  
	
   

  	
  Name:

  	
  David L. Mahmood

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  COMERICA BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Rice

  
	
   

  	
  Name:

  	
  Chris Rice

  
	
   

  	
  Title:

  	
  Corporate Banking Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  SOCIETE GENERALE, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Shelley Yu

  
	
   

  	
  Name:

  	
  Shelley Yu

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  CHANG HWA COMMERCIAL BANK, LTD.,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jim C.Y. Chen

  
	
   

  	
  Name:

  	
  Jim C.Y. Chen

  
	
   

  	
  Title:

  	
  VP & General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  FIRST COMMERCIAL BANK NEW YORK AGENCY, 

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ May Hsiao

  
	
   

  	
  Name:

  	
  May Hsiao

  
	
   

  	
  Title:

  	
  Assistant General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  MALAYAN BANKING BERHAD, NEW YORK BRANCH,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Fauzi Zulkifli

  
	
   

  	
  Name:

  	
  Fauzi Zulkifli

  
	
   

  	
  Title:

  	
  General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  E.SUN COMMERCIAL BANK, LTD.,
  Los Angeles Branch as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Benjamin Lin

  
	
   

  	
  Name:

  	
  Benjamin Lin

  
	
   

  	
  Title:

  	
  EVP & General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  UBS LOAN FINANCE LLC,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Irja R. Otsa

  
	
   

  	
  Name:

  	
  Irja R. Otsa

  
	
   

  	
  Title:

  	
  Associate Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marie Haddad

  
	
   

  	
  Name:

  	
  Marie Haddad

  
	
   

  	
  Title:

  	
  Associate Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  TAIPEI FUBON COMMERCIAL BANK,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Tan

  
	
   

  	
  Name:

  	
  Michael Tan

  
	
   

  	
  Title:

  	
  VP & General Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

RATIFICATION
OF GUARANTY

 

Each of the
undersigned Subsidiary Guarantors hereby (a) acknowledges and consents to
the foregoing Amendment and the Borrower’s execution thereof, (b) joins the foregoing Amendment for the sole purpose of consenting to and
being bound by the provisions of Sections 4 and 5 thereof and (c) ratifies
and confirms all of their respective obligations and liabilities under the Loan
Documents to which any of them is a party and ratifies and confirms that such
obligations and liabilities extend to and continue in effect with respect to,
and continue to guarantee the obligations of the Borrower under the Loan
Documents.

 

	
   

  	
  AMG/MIDWEST HOLDINGS, INC.

  
	
   

  	
  AMG NEW YORK HOLDINGS CORP.

  
	
   

  	
  AMG/NORTH AMERICA HOLDING CORP.

  
	
   

  	
  AMG NORTHEAST INVESTMENT CORP.

  
	
   

  	
  AMG NORTHEAST HOLDINGS, INC.

  
	
   

  	
  AMG/TBC HOLDINGS, INC.

  
	
   

  	
  CATALYST ACQUISITION II, INC.

  
	
   

  	
  FA (WY) ACQUISITION COMPANY, INC.

  
	
   

  	
  FIRST QUADRANT CORP.

  
	
   

  	
  J M H MANAGEMENT CORPORATION

  
	
   

  	
  SKYLP HOLDINGS, INC.

  
	
   

  	
  SUITE 3000 HOLDINGS, INC.

  
	
   

  	
  TMF CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  AMG BOSTON HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First
  Amendment to Affiliated Managers Group

  Third Amended and Restated Credit Agreement

  
	
   

  	
   

  

 

 

	
   

  	
  AMG GENESIS, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG New York Holdings Corp.,

  
	
   

  	
   

  	
  its Manager and Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  AMG/MIDWEST HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG/Midwest Holdings, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  AMG PA HOLDINGS PARTNERSHIP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG Northeast Holdings, Inc.,

  
	
   

  	
   

  	
  its Managing Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  AMG PROPERTIES LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Manager and Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated
  Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

	
   

  	
  CHICAGO ACQUISITION, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG/Midwest Holdings, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  EL-TRAIN ACQUISITION LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG New York Holdings Corp.,

  
	
   

  	
   

  	
  its Manager Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  FA (DE) ACQUISITION COMPANY, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated
  Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

 

	
   

  	
  FCMC HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Manager and Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
  FIRST QUADRANT HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MANAGERS INVESTMENT GROUP LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TMF Corp.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  PRIDES CROSSING HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated
  Managers Group

  Third Amended and Restated Credit Agreement

  

 

 

 

	
   

  	
  TIMESSQUARE MANAGER MEMBER, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AMG Northeast Holdings, Inc.,

  
	
   

  	
   

  	
  its Manager Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Secretary

  
	
   

  	
   

  
	
   

  	
  TOPSPIN ACQUISITION, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Affiliated Managers Group, Inc.,

  
	
   

  	
   

  	
  its sole Member and Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, General Counsel
  and Secretary

  
	
   

  	
   

  
	
   

  	
  WELCH & FORBES, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kingston, III

  
	
   

  	
   

  	
  Name:

  	
  John Kingston, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Clerk

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  First Amendment to Affiliated
  Managers Group

  Third Amended and Restated Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]