Document:

exv10w11

 

EXHIBIT 10.11

AMENDED AND RESTATED

COLLATERAL SAFEKEEPING AGREEMENT

     THIS AMENDED AND RESTATED COLLATERAL SAFEKEEPING AGREEMENT (this “Agreement”) dated as of the 29th
day of May, 2005, is entered into by WINTRUST FINANCIAL CORPORATION
(the “Borrower”), LASALLE BANK
NATIONAL ASSOCIATION, a national banking association (the “Bank”), and STANDARD FEDERAL BANK, N.A.,
a national banking association (the “Custodian”).

     A. The Bank and the Borrower have previously entered into that certain Amended and
Restated Collateral Safekeeping Agreement dated as of May 29, 2002, as thereafter amended from time
to time (the “Prior Collateral Safekeeping Agreement”, in connection with that certain
Revolving Loan Agreement dated as of September 1, 1996, as thereafter amended from time to time
(the “Prior Loan”).

     B. The Prior Loan is secured by a pledge of certain securities which were deposited
with the Custodian pursuant to the Prior Collateral Safekeeping Agreement.

     C. The Bank and Borrower have agreed to enter into a Third Amendment to Second Amended
and Restated Loan Agreement (the “Loan Agreement”) and the parties thereto believe that it is in
their respective best interests to amended and restate their arrangement with respect to the
collateral safekeeping of the securities pledged to secure the obligations under the Loan
Agreement.

     NOW, THEREFORE, In consideration of the foregoing, the parties hereto agree as follows:

     1. Collateral Shares. As security for the payment of the obligations of the Borrower
to the Bank, whether now or hereafter existing and howsoever evidenced, or any extension or renewal
thereof, including, without limitation, the loans made to Borrower from time to time under the Loan
Agreement (the “Obligations”), Borrower has previously pledged and assigned to the Bank, among
other things, the following shares (collectively, the
“Collateral Shares”):

     (i) 210,730 shares of common stock of Lake Forest Bank & Trust Company;

     (ii)
125,000 shares of common stock of Libertyville Bank & Trust Company;

     (iii) 107,500 shares of common stock of Hinsdale Bank & Trust Company;

     (iv) 142,500 shares of common stock of North Shore Community Bank & Trust Company;

     (v) 125,000 shares of common stock of Barrington Bank and Trust Company;

 

 

     (vi) 125,000 shares of common stock of Crystal Lake Bank and Trust Company; and

     (vii) 162,500 shares of common stock of Northbrook Bank and Trust Company;

     (viii)
46,000 shares of common stock of Wheaton Bank and Trust;

     (ix) 100,000 shares of common stock of Village Bank and Trust
Arlington Heights;

     (x)
725,723 shares of common stock of Advantage National Bank;

     (xi) 12,000 shares of common stock of Town Bank;

     (xii) 90,000 shares of common stock of State Bank of the Lakes;

          (b) The Collateral has been delivered to the Custodian for safekeeping and the
Custodian acknowledges receipt thereof.

     2. Collateral Shares. Until the Custodian shall receive written notice from the Bank
that all of the Obligations have been fully paid and satisfied, the parties hereto agree as
follows:

          (a) The Custodian is hereby appointed as agent for the Bank, as secured party, and the
Custodian shall hold and retain possession of the Collateral for the Bank as security for the
payment of the Obligations;

          (b) The Borrower shall be unable to withdraw any of the Collateral without the Bank’s
prior written consent;

          (c) The Custodian shall deliver all or any part of the Collateral to the Bank upon its
request at any time; and

          (d) The Bank’s receipt for any of the Collateral so delivered by the Custodian shall be
a full and complete receipt and acquittance to the Custodian as fiduciary for the Collateral.

     3. Acceptance. The Custodian hereby acknowledges that the Collateral has
been pledged as security for the Obligations, and the Custodian hereby accepts appointment as agent
for the Bank, as secured party, and agrees to act in accordance with the terms and provisions
hereof. Until the termination of this Agreement, the Custodian agrees that it shall not have or
assert, and waives any right, whether created by contract, statute or otherwise, to assert any
right of offset against or lien or interest in any of the Collateral. The Collateral has been coded
as assigned in the records of the Custodian, and none of the Collateral will be released by the
Custodian without the prior written consent of the Bank.

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     4. Indemnity;
Assumption of Risk. To the fullest extent permitted by law,
the Borrower shall defend, indemnify and hold harmless each of the Bank and the Custodian, and
their respective officers, directors, agents, employees, members and affiliated companies
(collectively, the “Indemnitees”), from and against all claims, judgments, damages, losses,
penalties, liabilities, costs and expenses of investigation and defense of any claim and of any
good faith settlement of whatever kind or nature, contingent or otherwise, matured or unmatured,
foreseeable or unforseeable, including, without limitation, reasonable attorneys’ fees and
expenses, any of which are incurred at any time as a result of, or in connection with, the entering
into of this Agreement or the transactions contemplated thereby.

          (a) The Borrower and the Borrower’s counsel have requested that the Bank and the Custodian
enter into this Agreement. None of the Indemnitees shall be liable for any expense, cost, loss or
damage of any kind or nature relating or sustained by the Borrower as a result of the entering into
this Agreement, including, without limitation, any franchise or other taxes payable as a result
thereof, and the Borrower expressly assumes all risk of loss or damage by entering into this
Agreement. Notwithstanding anything herein to the contrary, the Custodian shall remain liable for
the actual losses incurred by the Borrower for the Custodian’s failure to return the collateral to
the Bank within a reasonable period of time following receipt of a proper request to do so from the
Bank, unless the Custodian is prohibited or restrained from delivering the Collateral by virtue of
any judicial order, decree or other legal process.

     5. Fees. The Borrower agrees to pay an annual fee for the services rendered
hereunder and shall continue to pay an annual fee until such time as this Agreement is terminated.
The annual fee is currently $6,500.00 and is subject to change.

(remainder of page left intentionally blank; signature page follows)

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     IN WITNESS WHEREOF, this Agreement has been signed as of the date first above appearing.

	 	 	 	 	 	 	 
	 	 	LASALLE BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WINTRUST FINANCIAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David A. Dykstra
    8/26/2005
 

	 	 
	 

	 	Name:
	 	DAVID DYKSTRA	 	 
	 

	 	Title:
	 	Senior Executive Vice President
& Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	STANDARD FEDERAL BANK, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 
 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

4Exhibit 10.24.1

 

Exhibit 10.24.1

FIRST AMENDMENT TO SUBLEASE

(26140 Enterprise Way, Lake Forest, CA)

     THIS FIRST AMENDMENT TO SUBLLEASE (this “First Amendment”) is dated as of September 28, 2005,
between ADVANCED LOGIC RESEARCH, INC., a Delaware corporation (“Sublandlord”), and WESTERN DIGITAL
TECHNOLOGIES, INC., a Delaware corporation (“Subtenant”).

R E C I T A L S

     WHEREAS, by that certain Amended and Restated Standard Lease [Single Tenant — Triple Net]
dated as of June 21, 1999 (the “Original Prime Lease”), as amended by that certain First Amendment
to Lease dated as of January 27, 2000 (the “First Amendment”), a copy of which instruments are
attached hereto as Exhibit “A” and by this reference made a part hereof (hereinafter, with
all such amendments, called the “Prime Lease”), MSGW CALIFORNIA I, LLC, a Delaware limited
liability company (hereinafter, together with its successors and assigns, called “Landlord”),
leased to GATEWAY, INC., a Delaware corporation (formerly known as Gateway 2000, Inc.) three (3)
buildings (known as Buildings 1, 2 and 3) located in Lake Forest, Orange County, California, which
buildings contain, collectively, approximately 150,000 Rentable Square Feet (the “Prime Lease
Space”).

     WHEREAS, pursuant to that certain Assignment of Lease and Assumption Agreement dated as of
June 21, 1999, Gateway, Inc. assigned all of its right, title and interest in and to the Prime
Lease to Sublandlord.

     WHEREAS, Sublandlord and Subtenant entered into that certain Sublease dated May 2005 (the
“Original Sublease”), whereby Sublandlord leases to Subtenant, and Subtenant leases from
Sublandlord, a portion of the Prime Lease Space that is comprised of a portion of Building 2
located at 26140 Enterprise Way in Lake Forest, Orange County, California.

     WHEREAS, the Subtenant has exercised Subtenant’s Right to Measure the Premises.

     WHEREAS, Sublandlord and Subtenant now mutually desire to amend the Sublease pursuant to and
in accordance with the terms and condition of this First Amendment to reflect the actual rentable
square footage of the Premises and to confirm other facts regarding the Sublease.

     NOW THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and agreements
contained herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Sublandlord and Subtenant agree, and amend the Sublease.

     1. Definitions. Unless otherwise defined in this First Amendment, terms that are
capitalized in this First Amendment shall be given the meaning ascribed to them in the Sublease.

     2. Certain Dates: The parties hereby stipulate and agree that (i) the words “May ___,
2005” are deleted in the introductory paragraph of the Sublease and the following date substituted
in lieu thereof: “June 2, 2005”; (ii) the “Commencement Date” is June 13, 2005; and (iii) the “Rent
Commencement Date” is June 29, 2005.

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     3. Rentable Square Feet of Premises: The parties hereby stipulate and agree that for
all purposes under the Sublease, the rentable square footage of the Premises is 17,808 square feet.

     4.  Base Rent: The rent table and the accompanying Note contained in Section 3(a) of
the Sublease are hereby deleted and the following rent table and accompanying Note are hereby
substituted in its place:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Annual Base Rent	 	Annual Base Rent	 	 
	 	 	Rate Per Rentable	 	(based on 17,808	 	Monthly
	Time Period	 	Square Foot	 	Rentable Square Feet)	 	Installments
	Months 1-3 June,
July, August 2005)
	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 4-12
(September 2005 to
May 2006)
	 	$	10.80	 	 	$	192,326.40	 	 	$	16,027.20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 13-24 (June
2006 to May 2007)
	 	$	11.124	 	 	$	198,096.19	 	 	$	16,508.01	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 25-36 (June
2007 to May 2008)
	 	$	11.457	 	 	$	204,026.25	 	 	$	17,002.18	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 37-48 (June
2008 to May 2009)
	 	$	11.800	 	 	$	210,134.40	 	 	$	17,511.20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 49-60 (June
2009 to May 2010)
	 	$	12.154	 	 	$	216,438.43	 	 	$	18,036.53	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 61-72 (June
2010 to May 2011)
	 	$	12.519	 	 	$	222,938.35	 	 	$	18,578.19	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Months 73 (June
2011) -January 31,
2012*
	 	$	12.894	 	 	$	229,616.35	 	 	$	19,134.69	 

The parties agree that due to the overpayment by Subtenant of Base Rent in the amount of $1177.20
for each of the months of September and October, 2005, Subtenant shall be entitled to deduct from
its Base Rent payment due for November, 2005 the sum of $2,354.00.

 

			
	*	 	Note: Sublandlord and Subtenant further acknowledge and agree that as the expiration of the
term of this Sublease is January 31, 2012, the eighth Lease Year (commencing in month 73 as shown
on the schedule above) shall be less than a full twelve (12) calendar month period and accordingly
the Annual Base Rent and Monthly Installments set forth in the schedule above shall be prorated for
the actual days occurring within the final time period of this Sublease commencing with Month 73.

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     5. Subtenants Percentage Share. The first sentence of Paragraph 4(a)(2) is hereby
deleted and the following new first sentence is substituted in its place:

“Subtenant’s Percentage Share” for purposes of Tenant’s Common Area Percentage (as defined
in the Prime Lease) shall mean 11.87% and “Subtenant’s Percentage Share” for purposes of
Tenant’s Building Percentage (as defined in the Prime Lease) shall mean 35.62%.”

     6. Sublease Interpretation. The Sublease shall be interpreted and construed whenever
and wherever necessary to give effect to the amendments set forth herein.

     7. Governing Law. This First Amendment shall be governed by, and construed and
enforced in accordance with, the laws of the State of California.

     8. Counterparts. This First Amendment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed to be an original and all of which
counterparts taken together shall constitute but one and the same instrument. Signature pages may
be detached from the counterparts and attached to a single copy of this First Amendment to
physically form one document.

     9. Reaffirmation of Obligations. Subtenant and Sublandlord each hereby acknowledges
and reaffirms its obligations under the Sublease, as such Sublease has been amended by this First
Amendment, and agrees that any reference made in any other document to the Sublease shall mean the
Sublease as amended pursuant to this First Amendment. Except as expressly provided herein, the
Sublease remains unmodified and in full force and effect. Any breach by Subtenant or Sublandlord
of this First Amendment, including any exhibit hereto, and the expiration of any applicable notice
or cure period set forth in the Sublease, shall constitute a breach and default by Subtenant or
Sublandlord, respectively, under the Sublease.

     IN WITNESS WHEREOF, Sublandlord and Subtenant have caused this First Amendment to be duly
executed and delivered as of the date first above written.

	 	 	 	 	 	 	 
	“SUBLANDLORD”	 	ADVANCED LOGIC RESEARCH, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Garrison Jaquess	 	 
	 

	 	 	 	 

Its: Sr. Director
	 	 

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