Document:

EX-10.30

 Exhibit 10.30 

AMENDMENT NO. 2 TO SECURITY AGREEMENT 

AMENDMENT NO. 2, dated as of December 4, 2013 (this “Amendment”), to the Security Agreement, dated as of
September 1, 2009, by and among Virtus Investment Partners, Inc., a Delaware corporation (“Virtus”), each of the subsidiaries of Virtus listed on Schedule I to the Security Agreement or which became a party thereto thereafter
(collectively, the “Subsidiary Guarantors”; the Subsidiary Guarantors and Virtus are referred to collectively herein as the “Grantors”), and The Bank of New York Mellon, as administrative agent (the
“Administrative Agent”) under the Credit Agreement referred to below, as amended by Amendment No. 1, dated as of September 10, 2012 (as further amended, restated, supplemented or otherwise modified from time to time, the
“Security Agreement”). 
 RECITALS 

I. Reference is made to the Amended and Restated Credit Agreement, dated as of September 10, 2012, among Virtus, the Lenders party
thereto, PNC Bank, National Association, as syndication agent, and The Bank of New York Mellon, as administrative agent, swingline lender, and issuing bank, as amended by Amendment No. 1, dated as of July 2, 2013 and Amendment No. 2,
dated as of September 18, 2013 (as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

II. The Loan Parties (as defined in the Credit Agreement), the Administrative Agent and the Required Lenders (as defined in the Credit
Agreement) are entering into Amendment No. 3, dated as of the date hereof, to the Credit Agreement (the “Amendment”). 

III. The Grantors have requested that the Security Agreement be amended as set forth herein, and the Administrative Agent is willing to do so
subject to the terms and conditions hereinafter set forth. 
 IV. Capitalized terms used herein and not defined herein shall have the
meanings assigned to such terms in the Security Agreement or the Credit Agreement, as applicable. 
 Accordingly, in consideration of the
recitals and the terms and conditions hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, subject to the terms and conditions hereinafter set forth, the Administrative
Agent and each Grantor hereby agree as follows: 
 1. Clause (iv) of Section 3.4(a) is hereby amended and restated in its
entirety to read as follows: 
 (iv) Except as set forth on Schedule 3.4(a)(iv), other than the Pledged Equity
Interests that constitute General Intangibles, there is no Investment Related Property other than that (x) represented by certificated securities or Instruments in the possession of the Administrative Agent, (y) held in a Securities
Account that is a Blocked Account, and (z) investments made by the Borrower or any Subsidiary Guarantor pursuant to Section 7.4(i)(v) of the Credit Agreement (each a “Permitted Seed Capital Investment”) and held by
a 
 Virtus Investment Partners, Inc. – Amendment No. 2 to Security Agreement 

 
Securities Intermediary of the Borrower or such Subsidiary Guarantor, as the case may be, in a Securities Account over which the Security Interest is otherwise perfected and constitutes a first
prior Lien subject to any Permitted Encumbrance referred to in paragraph (h) of such defined term. 
 2. Clause (ii) of
Section 3.4(d) is hereby amended and restated in its entirety to read as follows: 
 (ii) Each Grantor agrees
that it will not establish or maintain, or permit any other Grantor to establish or maintain, any Securities Account or commodities account that is not (x) a Blocked Account, or (y) a Securities Account which contains only Permitted Seed
Capital Investments. 
 3. Notwithstanding anything contained herein to the contrary, paragraphs 1 and 2 of this Amendment shall not become
effective until the Amendment Effective Date (as defined in the Amendment). 
 4. Virtus and each other Grantor hereby reaffirms and admits
the validity and enforceability of the Security Agreement and its obligations thereunder, and agrees and admits that as of the date hereof it has no defense to or offset against any such obligation. 

5. This Amendment may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which, when taken together, shall constitute but one contract. Delivery of an executed counterpart of this Amendment by facsimile transmission or electronic copy (e.g. pdf file) shall be as effective as
delivery of a manually executed counterpart of this Amendment. It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart signed by the party to be charged. 

6. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to conflict of
laws principles that would require the application of the laws of another jurisdiction. 
 7. Except as amended hereby, the Security
Agreement shall in all other respects remain in full force and effect. 
 [Signature pages follow.] 

  
 -2- 

Virtus Investment Partners, Inc. – Amendment No. 2 to Security Agreement 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to Security
Agreement to be duly executed by their respective authorized officers as of the day and year first above written. 
  

			
	NEWFLEET ASSET MANAGEMENT LLC (f/k/a SCM ADVISORS LLC)
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Senior Vice President & Chief Financial Officer
	
	VIRTUS INVESTMENT ADVISERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	VIRTUS PARTNERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President, Chief Financial Officer
	
	ZWEIG ADVISERS, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	RAMPART INVESTMENT MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer

  
 Virtus Investment
Partners, Inc. – Amendment No. 2 to Security Agreement 

 
			
	VIRTUS FUND SERVICES, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President and Treasurer

  
 Virtus Investment Partners, Inc.
– Amendment No. 2 to Credit Agreement 

 
			
	THE BANK OF NEW YORK MELLON, as Administrative Agent
		
	By:	 	 /s/ Richard G. Shaw

	Name:	 	Richard G. Shaw
	Title:	 	Vice President

  
 Virtus Investment Partners, Inc.
– Amendment No. 2 to Credit AgreementEX-10.1

 Exhibit 10.1 
  

 
 February 24, 2014 

Mr. Paul Grinberg 
 3111 Camino Del Rio North, Suite 1300

 San Diego, California 92108 
 Dear Paul: 

This letter memorializes our recent conversations concerning certain changes to the terms and conditions of your continuing employment and
compensation arrangements with Encore Capital Group, Inc., a Delaware corporation, and its subsidiaries and affiliates (collectively, “Encore”), as detailed below. 

Compensation 
 You and Encore agree to the
following changes: 
  

	 	•	 	Base Salary. Effective January 1, 2014, your annualized base salary will be $550,000, payable in accordance with Encore’s standard payroll practices. Your base salary may be increased in the sole
discretion of Encore’s Compensation Committee. 

  

	 	•	 	Annual Cash Bonus. Your annual target cash bonus will remain at 100% of your base salary. In addition, your 2013 annual cash bonus will be calculated based on a target of $500,000. 

 

	 	•	 	Annual Long-Term Incentive Compensation. Your annual target long-term incentive compensation will be determined by Encore’s Compensation Committee in its sole discretion. 

 

	 	•	 	Special Transaction & Retention Award. Within 30 days of the date you execute this letter, Encore will grant you a restricted stock award with a grant-date fair market value equal to $1,100,000, all of
which will cliff vest 100% on December 31, 2016; provided, however, if Encore terminates your employment without “Cause” or you terminate your employment for “Good Reason” prior to December 31, 2016 (each term as
defined in the restricted stock agreement for the award), all of these shares will cliff vest 100% on the date of your termination of employment. 

  

	 	•	 	Accelerated Vesting. If the Company terminates your employment without “Cause” (as defined in the equity award agreements), any equity awards that would have vested during the 18-month period following
your termination of employment will accelerate and vest on your termination date. 

  

	 	•	 	Commuting Expenses. Your monthly allowance for commuting expenses will remain at $8,500.00. 

Amendment to Severance Protection Agreement 

This letter also serves as an amendment (“Amendment”) to the letter agreement (the “Severance Protection Agreement”)
between you and Encore dated March 11, 2009, as amended on January 9, 2013. 
 You and Encore agree to the following changes to
your Severance Protection Agreement: 
 1. The second paragraph of Section 2 of your Severance Protection Letter Agreement is deleted
in its entirety and replaced with the following: 
 For purposes of this Agreement, a “Good Reason” is defined as any of the
following reasons: (i) a material reduction in your base or target bonus compensation or your expense reimbursement entitlements; (ii) a material reduction in your authority, duties or responsibilities, other than a reduction in your
authority, duties or responsibilities in connection with a transfer of such authority, duties or responsibilities to your successor; 

 
Mr. Paul Grinberg 
 February 24, 2014 

Page 2 
  

 (iii) a change in your reporting responsibilities so that you no longer report to the
Company’s Chief Executive Officer; (iv) a material change in the location at which you provide services for the Company (which is defined as any relocation by the Company of your employment to a location that is more than thirty-five
(35) miles from your present office location and is more than thirty-five (35) miles from your primary residence at the time of such relocation, without your consent), or (v) any termination of your employment by you on or after
December 31, 2016 so long as you provide the Company with written notice of such termination at least 90 days prior to the date of such termination. To be eligible to receive the benefits set forth in this Section 2 regarding a termination
by you for Good Reason under clauses (i) through (iv), (x) you must provide written notice of the “Good Reason” condition to the Company within ninety (90) days after the initial existence of such condition, (y) the
Company must not have cured such condition within thirty (30) days of receipt of your written notice or it must have stated unequivocally in writing that it does not intend to attempt to cure such condition; and (z) you resign from
employment within twelve (12) months following the end of the period within which the Company was entitled to remedy the condition constituting Good Reason but failed to do so. 

2. This Amendment to your Severance Protection Agreement has been duly authorized by Encore and is a legal and binding obligation of Encore
and you, enforceable in accordance with its terms. All disputes arising under this Amendment will be governed by, and interpreted in accordance with, the laws of the State of California, without regard to its conflict of law provisions. Any action
to enforce this Amendment (other than an action which must be brought by arbitration pursuant to Section 14 of the Severance Protection Agreement) must be brought in, and you and Encore hereby consent to the jurisdiction of, the County of San
Diego, California. Both you and Encore hereby waive the right to claim that any such court is an inconvenient forum for the resolution of any such action. Except as specifically amended hereby, the Severance Protection Agreement shall remain in full
force and effect. In the event the terms of the Severance Protection Agreement conflict with this Amendment, the terms of this Amendment shall control. Except as otherwise provided herein, this Amendment contains the entire understanding between you
and Encore, and there are no other agreements or understandings between you and Encore with respect to the subject matter hereof. No alteration or modification hereof shall be valid except by a subsequent written instrument executed by both you and
an authorized officer of Encore. This Amendment may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute only one agreement. Any
facsimile or email scan of this Amendment shall be considered an original document. 
 Notwithstanding anything provided herein, your
employment with Encore remains “at will,” as described in your Severance Protection Agreement. As you would expect, all compensation and payments will be subject to applicable tax withholding. 

Paul, if the terms and conditions of this letter are acceptable to you, please sign below. 

 

	
	Sincerely,
	
	/s/ Ken A. Vecchione
	
	Ken A. Vecchione
	Chief Executive Officer
	Encore Capital Group, Inc.

 ACCEPTED AND AGREED: 
  

					
	 /s/ Paul Grinberg
	 		  	
	 Paul Grinberg
	 	Date: February 24, 2014

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