Document:

Exhibit 10.2

SIRTRIS PHARMACEUTICALS, INC.

 

Amendment to

Warrant to Purchase Shares of Series C  Preferred Stock of Sirtris Pharmaceuticals, Inc.

 

Dated: April 17, 2008

 

Reference is made hereby to the warrant (the “Warrant”) issued to
Hercules Technology Growth Capital, Inc., a Maryland corporation (the “Warrantholder”)
by Sirtris Pharmaceuticals, Inc., a Delaware corporation (“the Company”)
pursuant to a certain Warrant Agreement, dated April 18, 2006, by and
between the Company and the Warrantholder. 
All capitalized terms used herein and not separately defined shall have
the meaning ascribed to them in the Warrant.

 

WHEREAS, the Company and the Warrantholder desire to amend the Warrant;

 

NOW, THEREFORE, the Warrantholder and the Company agree to the following:

 

1.     Amendment.  The Warrant is hereby amended as follows:

 

(a)           The definition of “Merger Event” in Section 1
of the Warrant is hereby replaced in its entirety with the following:

 

“Merger Event” means a merger or consolidation involving the
Company in which the Company is not the surviving entity or in which the
outstanding shares of the Company’s capital stock are otherwise converted into
or exchanged for shares of capital stock of another entity or cash or other
property.

 

(b)           Section 8(a) of the Warrant
is hereby replaced in its entirety with the following:

 

(a) Merger
Event. If at any time
there shall be Merger Event, the Warrantholder shall be entitled to receive,
upon exercise of this Warrant at any time after the consummation of such Merger
Event, in lieu of the shares of common stock of the Company issuable upon such
exercise prior to the consummation of such Merger Event, the number of shares
of preferred stock or other securities or cash or other property that would
have been issuable to Warrantholder if Warrantholder had exercised this Warrant
immediately prior to the Merger Event. In any such case, appropriate adjustment
(as determined in good faith by the Company’s Board of Directors) shall be made
in the application of the provisions of this Warrant with respect to the rights
and interests of the Warrantholder after the Merger Event to the end that the
provisions of this Warrant (including adjustments of the Exercise Price and
number of shares of Preferred Stock purchasable) shall be applicable in their
entirety, and to the greatest extent possible. Without limiting the foregoing,
in connection with any Merger Event, upon the closing thereof, the successor or
surviving entity shall assume the obligations of this Warrant.

 

1

 

2.     Governing Law.  This Amendment shall be governed by and
construed in accordance with the laws of the State of Delaware without
reference to the choice of law principles thereof that would require the
application of the laws of any other state.

 

3.     Counterparts. This Amendment may be
executed in any number of counterparts, including by electronic or facsimile
transmission, each of which when so delivered shall be deemed an original, but
all such counterparts taken together shall constitute but one and the same
instrument.

 

[Remainder of Page Intentionally
Left Blank]

 

2

 

This
Amendment is executed as of the date first written above.

 

 

SIRTRIS
PHARMACEUTICALS, INC.

 

 

	
  By:

  	
  /s/
  Garen Bohlin

  	
   

  
	
  Name:

  	
  Garen
  Bohlin

  
	
  Title:

  	
  Chief
  Operating Officer

  
				

 

 

HERCULES
TECHNOLOGY GROWTH CAPITAL, INC.

 

 

	
  By:

  	
  /s/ Scott  Harvey

  	
   

  
	
  Name:

  	
  Scott Harvey

  
	
  Title:

  	
  Chief Legal Officer

  
				

 

 

[Signature Page to
Warrant Amendment]Exhibit 10.1

 

AMENDMENT NO. 11 AND WAIVER TO

CREDIT AGREEMENT

 

AMENDMENT
NO. 11 AND WAIVER, dated as of May 12, 2008 (the “Amendment and
Waiver”) to the Credit Agreement, dated as of June 30, 2004, by and among P&F INDUSTRIES, INC., a Delaware
corporation  (“P&F”), FLORIDA PNEUMATIC MANUFACTURING CORPORATION,
a Florida corporation (“Florida Pneumatic”), EMBASSY
INDUSTRIES, INC., a New York corporation (“Embassy”), GREEN MANUFACTURING, INC., a Delaware
corporation (“Green”), COUNTRYWIDE HARDWARE,
INC., a Delaware corporation (“Countrywide”), NATIONWIDE INDUSTRIES, INC., a Florida
corporation (“Nationwide”), WOODMARK INTERNATIONAL,
L.P., a Delaware limited partnership (“Woodmark”), PACIFIC STAIR PRODUCTS, INC., a Delaware corporation (“Pacific”),
WILP HOLDINGS, INC., a Delaware
corporation (“WILP”), CONTINENTAL TOOL GROUP,
INC., a Delaware corporation (“Continental”) and HY-TECH MACHINE, INC., a Delaware corporation (“Hy-Tech”;
and collectively with P&F, Florida Pneumatic, Embassy, Green, Countrywide,
Nationwide, Woodmark, Pacific, WILP and Continental,  the
“Co-Borrowers”), CITIBANK, N.A. and HSBC BANK USA, NATIONAL ASSOCIATION (formerly known as HSBC
Bank USA) (collectively, the “Lenders”) and CITIBANK,
N.A., as Administrative Agent for the Lenders (as same has been and
may be further amended, restated, supplemented or otherwise modified, from time
to time, the “Credit Agreement”).

 

RECITALS

 

The
Co-Borrowers, the Lenders and the Administrative Agent have agreed, subject to
the terms and conditions of this Amendment and Waiver, to amend and waive
certain provisions of the Credit Agreement as herein set forth.

 

Accordingly,
in consideration of the premises and of the mutual covenants and agreements
hereinafter set forth, the parties hereto agree as follows:

 

1.                                       Amendment.

 

                                                (a)                                  Section 7.13(a) of
the Credit Agreement is hereby amended and restated in its entirety to provide
as follows:

 

Fixed Charge Coverage Ratio.  Permit the ratio of (i) Consolidated
EBITDA minus cash taxes paid to (ii) Consolidated Interest Expense plus
Consolidated Current Maturities on Long Term Debt to be less than the ratio set
forth below opposite the applicable fiscal year ending:

 

	
  Period

  	
   

  	
  Ratio

  
	
   

  	
   

  	
   

  
	
  December 31, 2008

  	
   

  	
  .80:1.00

  
	
  December 31,
  2009 and at the end of each fiscal year of the Co-Borrowers thereafter

  	
   

  	
  1.20:1.00

  

 

                                                (b)                                 The table in Section 7.13(b) of
the Credit Agreement, Minimum Capital Base, is hereby amended and
restated in its entirety to provide as follows:

 

	
  Period

  	
   

  	
  Amount

  
	
   

  	
   

  	
   

  
	
  June 30, 2008 through December 30, 2008

  	
   

  	
  $

  	
  22,500,000

  

 

 

 

 

 

	
  December 31,
  2008 through March 30, 2009

  	
   

  	
  $

  	
  23,500,000

  
	
  March 31,
  2009 through December 30, 2009

  	
   

  	
  $

  	
  21,500,000

  
	
  December 31,
  2009 to December 30, 2010

  	
   

  	
  $

  	
  26,000,000

  
	
  December 31,
  2010 and thereafter

  	
   

  	
  $

  	
  33,000,000

  

 

                                                (c)                                  The table in Section 7.13(c) of
the Credit Agreement, Consolidated Senior Debt to Consolidated EBITDA,  is hereby amended and restated in its entirety to
provide as follows:

 

	
  Period

  	
   

  	
  Amount

  
	
   

  	
   

  	
   

  
	
  June 30,
  2008 through December 30, 2008

  	
   

  	
  4.60:1.00

  
	
  December 31,
  2008 through March 30, 2009

  	
   

  	
  4.30:1.00

  
	
  March 31,
  2009 through December 30, 2009

  	
   

  	
  2.75:1.00

  
	
  December 31,
  2009 to December 30, 2010

  	
   

  	
  2.50:1.00

  
	
  December 31,
  2010 and thereafter

  	
   

  	
  2.00:1.00

  

 

2.                                       Waivers.

 

                                                                (a)                                  Compliance with
Section 7.13(c) of the Credit Agreement, Consolidated Senior Debt to Consolidated EBITDA, is hereby
waived for the fiscal quarter ended March 31, 2008 and all periods through
June 29, 2008, provided that the ratio of Consolidated Senior Debt to
Consolidated EBITDA was not greater than 4.13:1.00 during all such periods.

 

                                                (b)                                 Compliance with Section 7.13(e) of the Credit Agreement, No
Consolidated Net Loss, is hereby waived for the fiscal quarter ended March 31,
2008 and the fiscal quarters ending June 30, 2008 and September 30,
2008, provided that the Co-Borrower would have been in compliance if the
effects of the one-time charge against earnings resulting from the write-down
of goodwill and other intangible assets (net of the associated deferred tax
benefit), which was incurred by the Co-Borrowers in the fiscal quarter ended December 31,
2007, were excluded in calculation of Consolidated Net Loss for such periods.

 

3.                                       Conditions of
Effectiveness

 

                                                This Amendment
and Waiver shall become effective as of the date hereof, upon receipt by the
Bank of this Amendment and Waiver, duly executed by the Co-Borrowers.

 

4.                                       Miscellaneous.

 

                                                (a)                                  Capitalized
terms used herein and not otherwise defined herein shall have the same meanings
as defined in the Credit Agreement.

 

                                                (b)                                 Except as
expressly amended and waived hereby, the Credit Agreement shall remain in full
force and effect in accordance with the terms thereof.  The Credit Agreement is ratified and
confirmed in all respects by the Co-Borrowers. 
The amendments and waivers herein contained are limited specifically to
the matters set forth above and do not constitute directly or by implication an
amendment or waiver of any other provision of the Credit Agreement or any
Default or Event of Default which may occur or may have occurred under the
Credit Agreement or any commitment by the Banks to further amend the terms and
provisions of the Credit Agreement, including any extension of the Revolving
Credit Commitment Termination Date.

 

                                                (c)                                  Each
Co-Borrower hereby represents and warrants that (i) the representations
and warranties by the Co-Borrowers pursuant to the Credit Agreement and each
other Loan Document are 

 

 

 

2

 

 

true
and correct on the date hereof, and (ii) no Default or Event of Default
exists.

 

                                                (d)                                 This Amendment
and Waiver may be executed in one or more counterparts, each of which shall
constitute an original, but all of which, when taken together, shall constitute
but one agreement.

 

(e)                                  This Amendment
and Waiver shall constitute a Loan Document.

 

IN WITNESS
WHEREOF, the Co-Borrowers, the Lenders and the Administrative Agent have
caused this Amendment and Waiver to be duly executed by their duly authorized
officers as of the day and year first above written.

 

	
   

  	
  P&F INDUSTRIES, INC.

  
	
   

  	
  FLORIDA PNEUMATIC MANUFACTURING

  
	
   

  	
  CORPORATION

  
	
   

  	
  EMBASSY INDUSTRIES, INC.

  
	
   

  	
  GREEN MANUFACTURING, INC.

  
	
   

  	
  COUNTRYWIDE HARDWARE, INC.

  
	
   

  	
  NATIONWIDE INDUSTRIES, INC.

  
	
   

  	
  WOODMARK INTERNATIONAL, L.P.

  
	
   

  	
  By:

  	
  Countrywide Hardware, Inc., its General

  
	
   

  	
   

  	
  Partner

  
	
   

  	
  PACIFIC STAIR PRODUCTS, INC.

  
	
   

  	
  WILP HOLDINGS, INC.

  
	
   

  	
  CONTINENTAL TOOL GROUP, INC.

  
	
   

  	
  HY-TECH MACHINE, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph A. Molino, Jr.

  
	
   

  	
   

  	
  Joseph A. Molino, Jr., the Vice President of
  each 

  
	
   

  	
   

  	
  of the corporations named above

  
	
   

  	
   

  
	
   

  	
  CITIBANK, N.A., as a Lender and as

  
	
   

  	
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen Kelly

  
	
   

  	
   

  	
  Stephen Kelly, Vice President

  
	
   

  	
   

  
	
   

  	
  HSBC BANK USA, NATIONAL

  
	
   

  	
  ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Raymond Fincken

  
	
   

  	
   

  	
  Raymond Fincken, Vice President

  
				

 

 

 

 

 

3

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