Document:

Amendment to Preferred Stock Rights Agreement, dated as of November 12, 2004

 Exhibit 4.2 
  

AMENDMENT TO PREFERRED STOCK RIGHTS AGREEMENT 
  
 This Amendment to Preferred Stock Rights Agreement (this “Amendment”) is entered into as of this 12th day of November, 2004 by and
between palmOne, Inc., a Delaware corporation (the “Company”) and Equiserve Trust Company, N.A. (the “Rights Agent”). 
  
 RECITALS 
  
 WHEREAS, on September 25, 2000, the Company entered into a Preferred Stock Rights Agreement (the “Rights Agreement”) with Fleet National
Bank, the predecessor in interest to the Rights Agent; 
  
 WHEREAS, on April 29, 2004, the Company’s Board of Directors approved an amendment to Section 7(b) of the Rights Agreement changing the exercise price of a Right to one hundred ten dollars ($110.00). 
  
 WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company and the
Rights Agent may from time to time supplement or amend the Rights Agreement without the approval of any holders of Rights (as defined in the Rights Agreement) prior to the occurrence of a Distribution Date (as defined in the Rights Agreement), in
any respect; 
  
 WHEREAS, the Distribution Date has not occurred;

  
 WHEREAS, Section 27 of the Rights Agreement further provides
that the Rights Agent shall duly execute and deliver any supplement or amendment to the Rights Agreement requested by the Company, which satisfies the terms of Section 27; and 
  
 WHEREAS, in connection with the amendment of the exercise price, the Rights Agent has requested certain additional changes
to the Rights Agreement. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the foregoing premises and the respective
agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Rights Agent hereby agree as follows: 
  
 1. Amendment to Section 7(b) of the Rights Agreement. Section 7(b) of
the Rights Agreement shall be amended in its entirety to read as follows: 
  
 “The Exercise Price for each one-thousandth of a Preferred Share issuable pursuant to the exercise of a Right shall initially be one hundred ten dollars ($110.00), shall be subject to adjustment from time to time
as provided in Sections 11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below.” 

 2. Amendment to Form of Rights Certificate. The first sentence of the first paragraph of the Form
of Rights Certificate attached as Exhibit B to the Rights Agreement is amended and restated to read in its entirety as follows: 
  
 “This certifies that
                            , or registered assigns, is the registered owner of the number of Rights
set forth above, each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement dated as of September 25, 2000, (the “Rights Agreement”), as amended, between palmOne, Inc., a Delaware
corporation (formerly named Palm, Inc., the “Company”), and Equiserve Trust Company, N.A. (as the successor in interest to Fleet National Bank, the “Rights Agent”), to purchase from the Company at any time after the Distribution
Date (as such term is defined in the Rights Agreement) and prior to 5:00 P.M., New York time, on November 6, 2010 at the office of the Rights Agent designated for such purpose, or at the office of its successor as Rights Agent, one one-thousandth
(1/1,000) of a fully paid and non-assessable share of Series A Participating Preferred Stock, par value $0.001 per share (the “Preferred Shares”), of the Company, at an Exercise Price of one hundred ten dollars ($110) per one-thousandth of
a Preferred Share (the “Exercise Price”), upon presentation and surrender of this Rights Certificate with the Form of Election to Purchase and related Certificate duly executed.” 
  
 3. Amendment to Summary of Rights. The sentence set forth next to the
heading “Preferred Stock Purchasable Upon Exercise of Rights” in the Summary of Rights attached as Exhibit C to the Rights Agreement is amended and restated to read in its entirety as follows: 
  
 “After the Distribution Date, each Right will entitle the holder to
purchase for one hundred ten dollars ($110) (the “Exercise Price”) a fraction of a share of the Company’s Preferred Stock with economic terms similar to that of one share of the Company’s Common Stock.” 
  
 4. Amendment to Section 21 of the Rights Agreement. Section 21 of the
Rights Agreement shall be amended in its entirety to read as follows: 
  
 “The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon thirty (30) days’ notice in writing mailed to the Company and to each transfer agent of the Preferred Shares
and the Common Shares by registered or certified mail, and to the holders of the Rights Certificates by first-class mail. If there is a transfer agency relationship in effect between the Company and Rights Agent, and that relationship terminates,
the Rights Agent will be deemed to resign automatically on the effective date of such termination, and any required notice to transfer agents or holders of the Rights Certificates will be sent by the Company, provided that Rights Agent promptly
provides a list of and contact information for such holders. The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) days’ notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may
be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the 
  

 -2- 

 holders of the Rights Certificates by first-class mail. If the Rights Agent shall resign or be removed or
shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after giving notice of such removal or after it has been
notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Rights Certificate (who shall, with such notice, submit his or her Rights Certificate for inspection by the Company), then the
registered holder of any Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, shall be a corporation organized
and doing business under the laws of the United States or of any state of the United States, in good standing, which is authorized under such laws to exercise corporate trust or stockholder services powers and is subject to supervision or
examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $100 million. After appointment, the successor Rights Agent shall be vested with the same powers,
rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it
hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Rights
Agent and each transfer agent of the Preferred Shares and the Common Shares, and mail a notice thereof in writing to the registered holders of the Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any
defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.” 
  
 5. Amendment to Add a New Section 35 to the Rights Agreement. The Rights Agreement shall be amended to add a new
Section 35 that shall read as follows: 
  
 “Notwithstanding
anything to the contrary contained herein, Rights Agent shall not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply,
breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest.”

  
 6. No Other Changes. The remainder of the Rights
Agreement shall remain unchanged. 
  
 7. Counterparts. This
Amendment may be executed in counterparts, each of which shall be considered an original, and each of the counterparts when taken together shall constitute one and the same instrument. 
  

 -3- 

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

  

			
	PALMONE, INC.
		
	 By:
	  	 /s/ Mary E. Doyle

	 Name:
	  	 Mary E. Doyle

	 Title:
	  	 Senior Vice President, General Counsel and Secretary

	
	EQUISERVE TRUST COMPANY, N.A.
		
	 By:
	  	 /s/ Carol Mulvey-Eori

	 Name:
	  	 Carol Mulvey-Eori

	 Title:
	  	 Managing Director

  

 -4-First Amendment

 Exhibit 10.44 
  
 FIRST AMENDMENT 
  
 FIRST AMENDMENT, dated as of November 12, 2004 (this “Amendment”), to the AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 30,
2004 (as amended from time to time, the “Credit Agreement”), among SBA SENIOR FINANCE, INC., a Florida corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time
parties to this Agreement (the “Lenders”), LEHMAN BROTHERS INC. and DEUTSCHE BANK SECURITIES INC., as joint advisors, joint lead arrangers and bookrunners, GENERAL ELECTRIC CAPITAL CORPORATION, as co-lead arranger and co-syndication
agent, TD SECURITIES (USA) INC., as documentation agent, and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in such capacity, the “Administrative Agent”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make,
and have made, certain loans and other extensions of credit to the Borrower; 
  
 WHEREAS, the Borrower has requested certain amendments to the Credit Agreement as more fully set forth herein; and 
  
 WHEREAS, the Lenders have agreed to such amendments but only on the terms and conditions contained in this Amendment. 
  
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
  
 SECTION 1. Defined Terms. Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  
 SECTION 2. Amendments to Section 1.1 of the Credit Agreement. (a) Section 1.1 of the Credit Agreement is hereby amended by deleting the definitions
of “Applicable Margin,” “Commitment,” “Facility,” “Permitted Capital Expenditures,” “Term Loan,” “Term Loan Lender” and “Term Loan Percentage” in their respective entireties and
substituting in lieu thereof the following in the appropriate alphabetical order: 
  
 “Applicable Margin”: (a) for each Type of Loan under the Revolving Credit Facility, the rate per annum determined
pursuant to the Pricing Grid; 
  
 (b) for Tranche
C Term Loans, (x) 1.75%, with respect to Base Rate Loans, and (y) 2.75%, with respect to Eurodollar Loans; and 
  
 (c) for each Type of Optional Term Loans of each tranche, the rate per annum for such tranche and Type determined in accordance with the
Optional Term Loan Amendment executed for such tranche pursuant to Section 2.1A. 

 “Commitment”: as to any Lender, the sum of the Tranche C Term Loan
Commitment, the Revolving Credit Commitment, and the Optional Term Loan Commitment of such Lender. 
  
 “Facility”: each of (a) the Tranche C Term Loan Commitments and the Tranche C Term Loans made thereunder (the
“Tranche C Term Loan Facility”), (b) the Revolving Credit Commitments and the extensions of credit made thereunder (the “Revolving Credit Facility”), and (c) the Optional Term Loan Commitments, if any, and the
Optional Term Loans made thereunder (the “Optional Term Loan Facility”). 
  
 “Permitted Capital Expenditures”: any Capital Expenditure made either to: 
  
 (a) develop Towers, provided that, with respect to each such Tower, (i) the Borrower and its Subsidiaries shall have received an
executed tenant lease from an Acceptable Tenant for occupancy as of the date of completion of such Tower and (ii) on the date the construction of such Tower is completed, such Tower has positive Tower Cash Flow on a pro forma basis (including any
executed leases to be in effect on such date of completion); or 
  
 (b) purchase or obtain easements upon the land subject to ground leases relating to Towers owned by the Borrower or its Subsidiaries prior to the date of such purchase. 
  
 “Term Loan”: the collective reference to
(a) the Tranche C Term Loans and (b) the Optional Term Loans. 
  
 “Term Loan Lender”: the collective reference to (a) the Tranche C Term Loan Lenders and (b) the Optional Term Loan Lenders. 
  
 “Term Loan Percentage”: as to any Tranche C Term Loan Lender at any time, the percentage
which such Lender’s Tranche C Term Loan Commitment then constitutes of the aggregate Tranche C Term Loan Commitments (or, at any time after the Tranche C Closing Date, the percentage which the aggregate principal amount of such Lender’s
Tranche C Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche C Term Loans then outstanding). 
  
 (b) Section 1.1 of the Credit Agreement is hereby further amended by inserting immediately following the words “Qualified Tower Portfolio” in
the definition of “Consolidated Fixed Charges” the words “or to otherwise purchase or obtain easements upon the land subject to ground leases relating to Towers owned by the Borrower or its Subsidiaries.” 
  
 (c) Section 1.1 of the Credit Agreement is hereby further amended by
replacing the words “Committed Term Loans” in the definition of “Interest Period” with the words “Tranche C Term Loans.” 
  
 (d) Section 1.1 of the Credit Agreement is hereby further amended by deleting clauses (y) and (z) in the definition of “New Senior Notes” and
substituting in lieu thereof the following new clauses “(y) the aggregate annual amount of cash payments of interest under any 
  

 2 

 such refinancing prior to April 30, 2007 (determined on an annualized basis) shall be less than or equal to $10,000,000
and (z) the aggregate annual amount of cash payments of interest under such refinancing on or after April 30, 2007 (determined on an annualized basis) shall be less than or equal to $39,000,000.” 
  
 (e) Section 1.1 of the Credit Agreement is hereby further amended by (i)
deleting the “or” preceding the “(ii)” in the definition of “Qualified Tower Portfolio” and substituting in lieu thereof a “,” and (ii) inserting at the end of such definition the words “or (iii) the
purchase of or obtaining easements upon the land subject to any ground lease related to any Qualified Tower Portfolio described in clauses (i) or (ii) above.” 
  
 (f) Section 1.1 of the Credit Agreement is hereby further amended by inserting the following new definitions in the
appropriate alphabetical order: 
  
 “First Amendment”: the First Amendment, dated as of November 12, 2004, to this Agreement. 
  
 “First Amendment Lender Addendum”: each First Amendment Lender Addendum, substantially in the form of Exhibit B to the
First Amendment, executed and delivered pursuant to the First Amendment. 
  
 “Tranche C Closing Date”: the First Amendment Effective Date as defined in Section 15 of the First Amendment, which date is November 12, 2004. 
  
 “Tranche C Term Loan”: as defined in
Section 2.22(a). 
  
 “Tranche C Term Loan
Commitment”: as to any Tranche C Term Loan Lender, the obligation of such Lender, if any, to make a Tranche C Term Loan to the Borrower hereunder on the Tranche C Closing Date in a principal amount not to exceed the amount set forth under
the heading “Tranche C Term Loan Commitment” opposite such Lender’s name on Schedule 1 to the First Amendment Lender Addendum delivered by such Lender. The original aggregate amount of the Tranche C Term Loan Commitment is
$324,187,500. 
  
 “Tranche C Term Loan
Lender”: each Lender that has a Tranche C Term Loan Commitment or that holds a Tranche C Term Loan. 
  
 SECTION 3. Amendments to Section 2.1A of the Credit Agreement. (a) Section 2.1A(a) of the Credit Agreement is hereby amended by (i) deleting the
words “two additional term loan tranches” and substituting in lieu thereof the words “three additional term loan tranches” and (ii) replacing the words “Committed Term Loans” each time they appear with the words
“Tranche C Term Loans.” 
  
 (b) Section 2.1A(d) of the
Credit Agreement is hereby amended by: 
  
 (i)
replacing the amount “$525,000,000” set forth therein with “$550,000,000”; 
  

 3 

 (ii) deleting the words “two Optional Term Loan Requests” and substituting in
lieu thereof the words “three Optional Term Loan Requests”; and 
  
 (iii) inserting at the end of such Section, the words “, provided that prior to the effectiveness of any Optional Term Loan Commitment which would cause the sum of the Total Revolving Credit Commitments,
Term Loan Commitments and any Optional Term Loan Commitments to exceed $525,000,000, the Administrative Agent shall have received amendments to the Mortgages that the Administrative Agent reasonably deems necessary to maintain a perfected first
priority Lien with respect to such increased Commitments, in form and substance reasonably satisfactory to the Administrative Agent.” 
  
 SECTION 4. Amendments to Section 2.10 of the Credit Agreement. Section 2.10(e) of the Credit Agreement is hereby amended by deleting such Section
in its entirety and substituting in lieu thereof the words “[Intentionally Omitted].” 
  
 SECTION 5. Amendment to Section 2 of the Credit Agreement (Amount and Terms of Commitments). Section 2 of the Credit Agreement is hereby amended by
adding the following new Section 2.22 in the appropriate numerical order: 
  
 “2.22 Tranche C Term Loan Facility. 
  
 (a) Tranche C Term Loans. Subject to the terms and conditions hereof, each Tranche C Term Loan Lender severally agrees to make a
term loan (a “Tranche C Term Loan”) to the Borrower on the Tranche C Closing Date in an amount not to exceed the Tranche C Term Loan Commitment of such Lender. The Tranche C Term Loan may from time to time be Eurodollar Loans or
Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.22(b) and 2.11. 
  
 (b) Procedure for Tranche C Term Loan Borrowing. The Borrower may borrow under the Tranche C Term Loan Commitment on the Tranche C
Closing Date, provided that, the Borrower shall deliver to the Administrative Agent a Borrowing Notice (which Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the
Tranche C Closing Date), specifying the amount of Tranche C Term Loans to be borrowed. Upon receipt of such Borrowing Notice the Administrative Agent shall promptly notify each Tranche C Term Loan Lender thereof. Not later than 12:00 Noon, New York
City time, on the Tranche C Closing Date, each Tranche C Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or Tranche C Term Loans to be
made by such Lender; provided, however, that, at the option of each Tranche C Term Loan Lender that holds a Committed Term Loan immediately prior to giving effect to this Amendment, all or a portion of the aggregate amount of Committed
Term Loans of such Tranche C Term Loan Lender may be converted to Tranche C Term Loans in satisfaction of the foregoing funding requirement. Subject to the immediately preceding sentence, the Administrative Agent shall use the amounts made available
to the Administrative Agent by the Tranche C Term Loan Lenders to repay the amounts due under the Committed Term Loans. 
  

 4 

 (c) Notwithstanding anything to the contrary in the Credit Agreement, the Interest Period
in effect on the Tranche C Closing Date in respect of the Committed Term Loans that are being converted to Tranche C Term Loans on the Tranche C Closing Date (the “Current Interest Period”) will continue to be in effect for such
Loans following the Tranche C Closing Date, and the initial Interest Period of any new Tranche C Term Loan funded on the Tranche C Closing Date will end on the last day of the Current Interest Period. 
  
 (d) The Tranche C Term Loan of each Tranche C Term Loan
Lender shall mature in consecutive quarterly installments, commencing on December 31, 2004, each of which shall be in an amount equal to (i) such Lender’s Term Loan Percentage multiplied by (ii) the amount set forth below opposite such
installment: 
  

				
	 Quarterly Installment

	  	Principal Amount

	 December 31, 2004
	  	$	812,500
	 March 31, 2005
	  	$	812,500
	 June 30, 2005
	  	$	812,500
	 September 30, 2005
	  	$	812,500
	 December 31, 2005
	  	$	812,500
	 March 31, 2006
	  	$	812,500
	 June 30, 2006
	  	$	812,500
	 September 30, 2006
	  	$	812,500
	 December 31, 2006
	  	$	812,500
	 March 31, 2007
	  	$	812,500
	 June 30, 2007
	  	$	812,500
	 September 30, 2007
	  	$	812,500
	 December 31, 2008
	  	$	812,500
	 March 30, 2008
	  	$	812,500
	 June 30, 2008
	  	$	812,500
	 September 30, 2008
	  	$	812,500
	 October 31, 2008
	  	$	311,187,500”

  
 SECTION 6.
Amendment to Section 4.1 of the Credit Agreement. Section 4.1(b) of the Credit Agreement is hereby amended by inserting immediately after the words “AAT Purchase Agreement” the words “and assets relating to the Services
Business”. 
  
 SECTION 7. Amendment to Section 4.16 of the
Credit Agreement. Section 4.16 of the Credit Agreement is hereby amended by adding immediately at the end thereof the sentence, “The proceeds of the Tranche C Term Loans shall be used to prepay the Committed Term Loans outstanding on the
Tranche C Closing Date.” 
  

 5 

 SECTION 8. Amendment to Section 7.1 of the Credit Agreement. Section 7.1(e) of the Credit
Agreement is hereby amended by deleting such Section in its entirety and substituting in lieu thereof “[Intentionally Omitted].” 
  
 SECTION 9. Amendment to Section 7.6 of the Credit Agreement. Section 7.6(b) of the Credit Agreement is hereby amended by deleting the words “,
after April 30, 2007,”. 
  
 SECTION 10. Amendments to
Section 7.7 of the Credit Agreement. Section 7.7 of the Credit Agreement is hereby amended by (a) deleting the “and” at the end of paragraph (a), (b) deleting the “.” at the end of paragraph (b) and substituting in lieu
thereof “; and”, and (c) adding the following new paragraph (c) in the appropriate alphabetical order: 
  
 (c) so long as after giving effect thereto the Borrower has satisfied the Minimum Liquidity Requirement, Capital Expenditures to acquire
Qualified Tower Portfolios, provided that, the assets acquired in such acquisitions are subject to the Mortgage Requirement. 
  
 SECTION 11. Amendments to Section 7.8 of the Credit Agreement. Section 7.8 of the Credit Agreement is hereby amended by (a) deleting the
“and” at the end of paragraph (e), (b) deleting the “.” at the end of paragraph (f) and substituting in lieu thereof “; and” and (c) adding the following new paragraph (g) in the appropriate alphabetical order:

  
 “(g) minority Investments by the
Borrower or any of its Subsidiaries in any Person or joint venture in an aggregate amount not to exceed $25,000,000 at any one time outstanding, provided that, such Investments acquired pursuant to this Section 7.8(g) are subject to a first
priority security interest of the Administrative Agent, for the benefit of Secured Parties, in accordance with the terms of Section 6.9.” 
  
 SECTION 12. Amendment to Schedule 1.1A of the Credit Agreement. Schedule 1.1A of the Credit Agreement is hereby amended by deleting the
Pricing Grid set forth therein and substituting in lieu thereof the following new Pricing Grid: 
  
 PRICING GRID FOR REVOLVING CREDIT LOANS 
  

							
	 Pricing Ratio

	  	Eurodollar
Loans

	 	 	Base Rate
Loans

	 
	 > 3.0
	  	2.75	%	 	1.75	%
	 £ 3.0 to 3 2.5
	  	2.50	%	 	1.50	%
	 < 2.5
	  	2.25	%	 	1.25	%

  
 SECTION 13. General
Amendment to the Credit Agreement. The Credit Agreement is hereby amended to delete references to the terms “Senior Discount Notes” and “Senior Discount Notes Indenture” as they appear and all provisions relating solely
thereto. 
  
 SECTION 14. Joinder. From and after the First
Amendment Effective Date, pursuant to Section 10.1 of the Credit Agreement, each Tranche C Term Loan Lender executing 
  

 6 

 and delivering a First Amendment Lender Addendum, substantially in the form of Exhibit B hereto (a “First
Amendment Lender Addendum”), shall become a party to the Credit Agreement and have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the other provisions thereof. 
  
 SECTION 15. Conditions to Effectiveness. This Amendment shall become
effective upon the date (the “First Amendment Effective Date”) on which the Administrative Agent shall have received: 
  
 (a) This Amendment, executed and delivered by a duly authorized officer of the Borrower. 
  
 (b) An Acknowledgment and Consent, substantially in the form of Exhibit A hereto, duly executed and delivered by each
Guarantor. 
  
 (c) A First Amendment Lender Addendum, executed and
delivered by each Tranche C Term Loan Lender. 
  
 (d) A Lender
Consent Letter, substantially in the form of Exhibit C (a “Lender Consent Letter”), duly executed and delivered by the Required Lenders (as defined in the Credit Agreement prior to giving effect to this Amendment) and, (i) with
respect to the amendment set forth in Section 4 above, the Required Prepayment Lenders (it being agreed that the execution of a First Amendment Lender Addendum shall be deemed to constitute the delivery of a Lender Consent Letter by a Lender, in its
capacity as a Lender under the Credit Agreement (without giving effect to this Amendment)) and (ii) with respect to the amendment set forth in Section Section 12 above, each of the Revolving Credit Lenders. 
  
 (e) Subject to Section 2.22(b) of the Credit Agreement (as amended),
satisfactory evidence that the outstanding principal amount of, and all accrued and unpaid interest on, the Committed Term Loans shall have been paid in full with the proceeds of the Tranche C Term Loans. 
  
 (f) The Administrative Agent shall have received all fees required to be
paid, and all expenses for which invoices have been presented supported by customary documentation (including reasonable fees, disbursements and other charges of counsel to the Administrative Agent), on or before the First Amendment Effective Date.
All such amounts will be paid with proceeds of Tranche C Term Loans made on the First Amendment Effective Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the First Amendment
Effective Date. 
  
 (g) On or before the First Amendment Effective
Date, all corporate and other proceedings taken or to be taken in connection with this Amendment shall be reasonably satisfactory in form and substance to Administrative Agent and its counsel, and Administrative Agent and such counsel shall have
received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request. 
  

 7 

 (h) The Administrative Agent shall have received a certificate of the Borrower, dated the First Amendment
Effective Date, in form and substance reasonably satisfactory to the Administrative Agent. 
  
 (i) The Administrative Agent shall have received the legal opinion of each of (i) Akerman Senterfitt, counsel to the Loan Parties, and (ii) Thomas P. Hunt, Esq., general counsel of the Loan Parties, in form and
substance reasonably satisfactory to the Administrative Agent. 
  
 (j) All material governmental and third party approvals necessary in connection with the Tranche C Term Loan Facility, the continuing operations of the Borrower and its Subsidiaries and the transactions contemplated hereby shall have been
obtained and be in full force and effect. 
  
 SECTION 16.
Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and each Lender that (before and after giving effect to this Amendment): 
  
 (a) Each Loan Party has the corporate power and authority, and the legal right, to make, deliver and perform this Amendment
and the Acknowledgment and Consent (the “Amendment Documents”) to which it is a party and, in the case of the Borrower, to borrow under the Credit Agreement as amended hereby. Each Loan Party has taken all necessary corporate or
other action to authorize the execution, delivery and performance of the Amendment Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings on the terms and conditions of the Credit Agreement as amended by this
Amendment (the “Amended Credit Agreement”). No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Amendment
Documents, the borrowings under the Amended Credit Agreement or the execution, delivery, performance, validity or enforceability of this Amendment or the Acknowledgment and Consent, except (i) consents, authorizations, filings and notices which have
been obtained or made and are in full force and effect and (ii) the filings referred to in Section 4.19 of the Credit Agreement. Each Amendment Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. Each
Amendment Document and the Amended Credit Agreement constitutes a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party 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) The execution, delivery and performance of the
Amendment Documents, the borrowings under the Amended Credit Agreement and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of the Borrower or any of its Subsidiaries and will not result in, or
require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). 
  

 8 

 (c) Each of the representations and warranties made by any Loan Party herein or in or pursuant to the
Loan Documents is true and correct on and as of the First Amendment Effective Date as if made on and as of such date (except that any representation or warranty which by its terms is made as of an earlier date shall be true and correct as of such
earlier date). 
  
 (d) The Borrower and the other Loan Parties
have performed in all material respects all agreements and satisfied all conditions which this Amendment and the other Loan Documents provide shall be performed or satisfied by the Borrower or the other Loan Parties on or before the First Amendment
Effective Date. 
  
 (e) After giving effect to this Amendment, no
Default or Event of Default has occurred and is continuing, or will result from the consummation of the transactions contemplated by this Amendment. 
  
 SECTION 17. Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its out-of-pocket costs and expenses
incurred in connection with this Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.

  
 SECTION 18. No Other Amendment or Waivers;
Confirmation. Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect. The amendments, waivers and acknowledgement contained herein
shall not be construed as an amendment or waiver of any other provision of the Credit Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of the
Borrower that would require the waiver or consent of the Administrative Agent or the Lenders. 
  
 SECTION 19. GOVERNING LAW; MISCELLANEOUS. (a) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
  
 (b) On and after the First
Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import referring to the Credit Agreement, and each reference in the other
Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”, or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Credit Agreement. 
  
 (c) This Amendment may be executed by one or more of the parties to this
Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Amendment, the Acknowledgment and Consent, the First Amendment
Lender Addenda and the Lender Consent Letters signed by all the parties shall be lodged with the Borrower and the Administrative Agent. This Amendment may be delivered by facsimile transmission of the relevant signature pages hereof. 
  

 9 

 (d) The execution and delivery of the Lender Consent Letter by any Lender shall be binding upon each of
its successors and assigns (including assignees of its Loans in whole or in part prior to effectiveness hereof). 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by
their respective proper and duly authorized officers as of the day and year first above written. 
  

			
	 SBA SENIOR FINANCE, INC.

		
	 By:
	 	 /s/ Jeffrey A. Stoops

	 Name:
	 	 Jeffrey A. Stoops

	 Title:
	 	 President and Chief Executive Officer

	
	LEHMAN COMMERCIAL PAPER INC., as Administrative Agent
		
	 By:
	 	 /s/ Frank P. Turner

	 Name:
	 	 Frank P. Turner

	 Title:
	 	 Vice President

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