Document:

exv10w8

 

Exhibit 10.8

SECOND AMENDMENT TO OPTION AGREEMENT

     THIS SECOND AMENDMENT TO OPTION AGREEMENT (the “Amendment”) is entered into this 17th
day of March, 2008 (the “Effective Date”), by and between APOLLO GROUP, INC., an Arizona
corporation (“Option Grantor”) and MACQUARIE RIVERPOINT AZ, LLC, a Delaware limited
liability company (the “Option Holder”).

RECITALS:

     A. Option Grantor and Option Holder are parties to that certain Option Agreement dated June
20, 2006, as amended by First Amendment to Option Agreement dated March 7, 2007 (as amended, the
“Agreement”).

     B. Option Grantor delivered the Estimated Original Completion Notice and the Estimated Lot 5
Completion Notice to Option Holder on January 15, 2008 and the Original Completion Notice and the
Lot 5 Completion Notice to Option Holder on March 6, 2008.

     C. Option Grantor and Option Holder now desire to amend the Agreement to extend the Option
Exercise Date and the Closing Date as set forth in this Amendment.

AGREEMENT:

     NOW THEREFORE, for good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties agree as follows:

     1. Recitals. Each of the recitals set forth above are incorporated herein as
covenants and agreements of the parties hereto.

     2. Definitions. All initial capitalized terms used herein shall have the meanings
ascribed thereto in the Agreement, unless otherwise specifically defined herein.

     3. Option Exercise Date. The last sentence of Section 3(b)(iii) of the Agreement is
hereby amended in its entirety to read as follows:

Option Holder may exercise the Option by giving written notice (the “Option Exercise
Notice”) of the exercise thereof to Option Grantor on or before April 28, 2008 (the
“Option Exercise Date”).

Section 3(c) is deleted in its entirety.

     4. Closing Date. The first sentence of Section 7 of the Agreement is hereby amended in
its entirety as follows:

Upon the exercise of the Option as provided in Section 3, the closing of the
transaction (the “Closing”) shall be held and delivery of all items shall be made
under the terms and conditions of the Purchase and Sale Agreement through an escrow with the
Title Company, on May 1, 2008 (the “Closing Date”).

 

 

     5. Extension Payment. In consideration for the extension of the Option Exercise Date
and the Closing Date, on or before March 21, 2008, Option Holder shall pay to Option Grantor direct
and outside of escrow $250,000 (the “Extension Payment”), which shall be non-refundable.
The Extension Payment shall be paid to Option Grantor in addition to the Purchase Price (consistent
with the treatment of the Option Payment under the Agreement), and the total amount payable by the
Option Holder shall equal the Purchase Price plus the Option Payment plus the Extension Payment.
If Option Holder fails to pay the Extension Payment within the aforementioned time period, the
Option shall terminate and be of no further effect. If Option Holder fails to exercise the Option
on or before the Option Exercise Date (as the same has been extended pursuant to this Amendment),
Option Holder acknowledges that Option Grantor shall be entitled to receive the Option Payment, and
in such event, the Option Payment shall be immediately released to Option Grantor. Option Holder
hereby waives any defenses to the release of the Option Payment existing as of the date of this
Amendment, but will continue to have the right to a return of the Option Payment as the result of
any Option Grantor’s default under the Agreement or the Purchase and Sale Agreement following the
date of this Amendment or the failure of a condition precedent to Option Holder’s performance under
the Agreement or the Purchase and Sale Agreement, which failure of the relevant condition is within
the sole control of, or caused solely by Option Grantor, including, without limitation, under
Section 4(d)(2), Section 4(d)(3) and Section 4(d)(5) of the Agreement and Section 5(b), Section
5(d), Section 5(f) and Section 5(g) of the Purchase and Sale Agreement.

     6. Miscellaneous. The parties hereto acknowledge that except as expressly modified
hereby, the Agreement remains unmodified and in full force and effect. In the event of any
conflict or inconsistency between the terms of this Amendment and the Agreement, the terms of this
Amendment shall control. This Amendment may be executed simultaneously or in counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
agreement.

     7. Counterparts. This Amendment may be executed in 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 of this Amendment by telecopy to the other
party shall be effective as delivery of a manually executed counterpart of this Amendment.

[Remainder of page intentionally left blank; signature page follows.]

2

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above
written.

	 	 	 	 	 
	 	OPTION GRANTOR:

APOLLO GROUP, INC., an Arizona corporation

 	 
	 	By:  	/s/ Brian Swartz
 	 
	 	 	Its:   Senior Vice President 	 
	 	 	 	 
	 
	 	OPTION HOLDER:

MACQUARIE RIVERPOINT AZ, L.L.C., a Delaware limited
liability company

	 	By:  	Macquarie Office (US) No. 2 Corporation, a
Minnesota corporation, its sole member and
manager	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:  	/s/ Paul Sorenson
 	 
	 	 	Its: Vice President 	 
	 	 	 	 

3

 

	 	 	 	 	 

	 	 	 	 	 
	ACCEPTED AND APPROVED:

Riverpoint 1/3/5 and Riverpoint 2, as

signatories to the Agreement, hereby accept

and approve this Amendment

RIVERPOINT LOTS 1/3/5, LLC, an

Arizona limited liability company

	By:  	
Apollo Group, Inc., its sole member
and manager
	 	 
	 	 	 	 
	By:  	/s/ Brian Swartz
 	 	 
	 	Its:   Senior Vice President 	 	 
	 	 	 	 
	 
	 	 	 
	By:  	/s/ P. Robert Moya
 	 	 
	 	Its:   Secretary 	 	 
	 
	RIVERPOINT LOT 2, LLC, an Arizona limited
liability company 	 	 
	 
	By: 	Apollo Group, Inc., its sole member

and manager

 	 	 
	By:  	/s/ Brian Swartz
 	 	 
	 	Its:   Senior Vice President 	 	 
	 	 	 	 
	 
	 	 	 
	By:  	       /s/ P. Robert Moya
 	 	 
	 	Its:   Secretary 	 	 
	 	 	 	 
	 

4ex4_1.htm

     

    Exhibit
4.1

     

    EXECUTION
COPY

     

    CSX
CORPORATION

     

    Action of Authorized Pricing
Officers

     

    March 24,
2008

     

     

     

    1.           Pursuant
to (i) Section 301 of the Indenture, dated as of August 1, 1990, between
CSX Corporation (the “Corporation”) and The Bank of New York Trust Company,
N.A., successor to JPMorgan Chase Bank, N.A., formerly The Chase Manhattan Bank,
as trustee (the “Trustee”), as heretofore supplemented and amended (the
“Indenture”), (ii) resolutions duly adopted by the Board of Directors of
the Corporation at a meeting duly called and held on December 12, 2007 and (iii)
the Redelegation of Authority of Oscar Munoz dated March 20, 2008 and the
Redelegation of Authority of David A. Boor dated March 19, 2008, in each case
authorized by the resolutions referred to in (ii) above, the undersigned
officers hereby establish two series (as that term is used in Section 301 of the
Indenture) of Securities to be issued under the Indenture, which series of
Securities shall have the terms set forth in the Prospectus and the Prospectus
Supplement attached as Exhibit
A (collectively, the “Prospectus”) and such other or different terms as
may be set forth herein.  The titles of the Securities shall be,
respectively, the 6.250% Notes due 2015 (the “Notes due 2015”) and the 7.450%
Notes due 2038 (the “Notes due 2038” and, together with the Notes due 2015, the
“Notes”), and the Notes will be issued in fully registered form only, in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.
Terms used herein and not defined shall have the meaning assigned to them in the
Indenture or the Prospectus.

     

    2.           The
forms and terms of the Notes substantially in the forms of Exhibits B-1 and B-2 attached
hereto are hereby approved under the Indenture; and the Chairman, President and
Chief Executive Officer, any Executive Vice President, any Senior Vice
President, any Vice President, the Assistant Vice President, Capital Markets,
the Treasurer, the Corporate Secretary, any Assistant Corporate Secretary or the
Controller of the Corporation are, and each of them with full power to act
without the others hereby is, authorized, in the name and on behalf of the
Corporation, to execute, manually or by facsimile signature, and in the manner
provided in the Indenture, the Notes (and, in addition, to replace lost, stolen,
mutilated or destroyed Notes, all as provided in the Indenture) substantially in
the form approved hereby, in both temporary and definitive form, with such
changes, modifications and insertions therein as the officer executing the Notes
shall determine, such determination to be conclusively evidenced by the
execution thereof by such officer, all in the manner and form required in, or
contemplated by, the Indenture.

     

    3.           The
signatures of the officers of the Corporation so authorized to execute the Notes
may, but need not be, the facsimile signatures of the current or any future such
authorized officers imprinted or otherwise reproduced thereon, the Corporation
for such purpose hereby adopting such facsimile signatures as binding upon it,
notwithstanding that at the time any Notes shall be authenticated and delivered
or disposed of any officer so signing shall have ceased to be such authorized
officer.

     

    4.           The
form, terms and provisions of the Indenture are hereby ratified and
approved.

     

    5.           The
form, terms and provisions of the Underwriting Agreement, dated March 24, 2008
(the “Underwriting Agreement”), between the Corporation and the Underwriters
named on Schedule II thereto, providing for the issuance and sale of the Notes
are hereby approved; and the Chairman, President and Chief Executive Officer,
any Executive Vice President, any Senior Vice President, any Vice President, the
Treasurer, any General Counsel or Assistant General Counsel, the Corporate
Secretary, any Assistant Corporate Secretary or the Assistant Vice President,
Capital Markets of the Corporation (each an “Authorized Officer” and
collectively, the “Authorized Officers”) are, and each of them with full power
to act without the others hereby is, authorized and directed to execute and
deliver, in the name and on behalf of the Corporation, the Underwriting
Agreement with such changes therein as the officer of the Corporation executing
the Underwriting Agreement shall approve, the execution thereof by such officer
to be conclusive evidence of such approval.

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

     

    6.           The
form and terms of the Prospectus are hereby approved.

     

    7.           The
Authorized Officers are, and each of them with full power to act without the
others hereby is, authorized and empowered to take all actions, and to execute
and deliver any and all documents, in the name and on behalf of the Corporation
as such officer or officers shall deem necessary or appropriate to effect or
otherwise carry out the foregoing.

     

    8.           Any
and all actions heretofore or hereafter taken by any officer or officers of the
Corporation within the terms of the foregoing, including without limitation, the
filing of a registration statement and amendments, supplements and addenda
thereto with the Securities and Exchange Commission with respect to the Notes
and other securities which may be issued pursuant to the Indenture, are hereby
ratified and confirmed as the act of the Corporation.

     

    9.           The
Notes may be authenticated by the Trustee and issued in accordance with the
Indenture.

     

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

     

    Dated as
of the date first set forth above.

     

    

    

    
      	
              By:

            	/s/
      David H. Baggs
	 
      	
              Name: 
      David H. Baggs

            
	 	
              Title:   
      Assistant Vice President,

                          
      Capital Markets

            

    

    

    

    
      	
              By:

            	/s/
      Michael C. Manabat
	 
      	
              Name: 
      Michael C. Manabat

            
	 	Title:   
      Director, Treasurer Finance

    

    

     

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
 

     

    

    Exhibit
A

    

    

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
 

    Exhibit
B-1

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

     

    

    Exhibit
B-2

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