Document:

Exhibit 10.14

       

       

      STOCK REPURCHASE
AGREEMENT

       

      

      This STOCK REPURCHASE AGREEMENT dated
as of [________], 2008 (this “Agreement”), between Artio
Global Investors Inc., a Delaware corporation (the “Company”) and Julius Baer
Holding Ltd., a company organized under the laws of Switzerland (the “Stockholder”).

      

      W
I T N E S S E T H :

       

      WHEREAS, the Company will
issue shares of its class C common stock, par value $0.001 per share (the “Class C Stock”), to the
Stockholder immediately prior to the initial public offering of shares of stock
of the Company (the “IPO”); and

      

      WHEREAS, the Company wishes to
use the net proceeds received by it from the IPO and available cash to redeem
[_________] shares of its Class C Stock (the “Shares”) held by the
Stockholder and the Stockholder wishes to sell the Shares to the Company on and
subject to the terms and conditions hereinafter set forth.

      

      NOW, THEREFORE, in
consideration of the premises and covenants set forth herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, intending to be legally bound hereby, the parties agree as
follows:

      

      1. Sale and Redemption of the
Shares.  Immediately after the completion of the IPO, (a) the
Stockholder shall convey, assign and transfer to the Company, and the Company
shall redeem from the Stockholder, all the Stockholder’s right, title and
interest in and to the Shares, including without limitation the right to receive
any accrued but unpaid dividends with respect to the Shares, and (b) in
consideration for the Shares, the Company shall pay to the Stockholder an
aggregate cash redemption price of $[___________] (the “Redemption Price”) which shall
be paid in immediately available funds to the account set forth under the
Stockholder’s signature on the signature page hereto.1

       

      2. Share Certificates.
Upon payment of the Redemption Price, the Stockholder will deliver to the
Company any and all share certificates representing the Shares, with
accompanying stock powers executed in blank or other evidence of transfer
reasonably satisfactory to the Company.

       

      
        _____________

        1 Price to
be set to ensure that Julius Baer and the Company each bear the agreed upon
portion of the underwriting expenses.

         

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      3. Representations and
Warranties.

       

      (a) The
Stockholder hereby represents and warrants to the Company that the Shares are
being transferred to the Company free and clear of any and all liens, charges,
security interests, options, claims, mortgages, pledges, proxies, voting trusts
or agreements, obligations, understandings or arrangements or other restrictions
on title or transfer of any nature whatsoever.

       

      (b) Each party
hereto hereby represents and warrants to the other party hereto as
follows:

       

      (i) Such party
has all requisite corporate power and authority to execute and deliver this
Agreement, to perform fully its obligations hereunder and to consummate the
transactions contemplated hereby.

       

      (ii) Such party
has duly and validly executed and delivered this Agreement.  This
Agreement constitutes legal, valid and binding obligations of such party,
enforceable against such party in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws relating to or affecting the rights of
creditors generally and by equitable principles, including those limiting the
availability of specific performance, injunctive relief and other equitable
remedies and those providing for equitable defenses.

       

      4. Severability.  The
provisions of this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof.  If any provision of
this Agreement, or the application thereof to any person or entity or any
circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a
suitable and equitable provision shall be substituted therefor in order to carry
out, so far as may be valid and enforceable, the intent and purpose of such
invalid or unenforceable provision and (b) the remainder of this Agreement and
the application of such provision to other persons, entities or circumstances
shall not be affected by such invalidity or unenforceability, nor shall such
invalidity or unenforceability affect the validity or enforceability of such
provision, or the application thereof, in any other jurisdiction.

       

      5. Counterparts.  This
Agreement may be executed (including by facsimile transmission) with counterpart
pages or in one or more counterparts, each of which shall be deemed an original
and all of which shall, taken together, be considered one and the same
agreement, it being understood that both parties need not sign the same
counterpart.

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      6. Governing
Law.  This Agreement shall be governed by, construed and
enforced in accordance with the law of the State of New York, without regard to
the conflicts of law rules of such state.

       

      7. Consent to
Jurisdiction.  The parties hereto agree that any suit, action
or proceeding seeking to enforce any provision of, or based on any matter
arising out of or in connection with, this Agreement or the transactions
contemplated hereby shall be brought in the United States District Court for the
Southern District of New York or any New York State court sitting in the Borough
of Manhattan, so long as one of such courts shall have subject matter
jurisdiction over such suit, action or proceeding, and that any cause of action
arising out of this Agreement shall be deemed to have arisen from a transaction
of business in the State of New York, and each of the parties hereby irrevocably
consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives,
to the fullest extent permitted by law, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or that any such suit, action or proceeding brought in any
such court has been brought in an inconvenient forum.  Process in any
such suit, action or proceeding may be served on any party anywhere in the
world, whether within or without the jurisdiction of any such
court.

       

      8. WAIVER OF JURY
TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

       

      9. Assignment.  Neither
this Agreement nor any of the rights or obligations hereunder shall be assigned
by any party hereto without the prior written consent of the other
party.  Subject to the preceding sentence, this Agreement will be
binding upon, inure to the benefit of and be enforceable by the parties and
their respective successors and permitted assigns.

       

      10. Amendment;
Waiver.  No provision of this Agreement may be amended unless
such amendment is approved in writing by the parties hereto.  No
provision of this Agreement may be waived unless such waiver is in writing and
signed by the party against whom the waiver is to be effective.

       

      [Signature
page follows.]

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

       

      IN WITNESS WHEREOF, the parties have
caused this Agreement to be duly executed and delivered, all as of the date
first set forth above.

       

      
        	
                ARTIO
      GLOBAL INVESTORS INC.

                 

              	 
	
                By:

              	 
      	 
	
                Name:

              	 
	
                Title:

              	 
	 
      	 
	 
      	 
	
                By:

              	 
      	 
	
                Name:

              	 
	
                Title:

              	 

      

      

       

      
        	
                JULIUS
      BAER HOLDING LTD.

                 

              	 
	
                By:

              	 
      	 
	
                Name:

              	 
	
                Title:

              	 
	 
      	 
	 
      	 
	
                By:

              	 
      	 
	
                Name:

              	 
	
                Title:EX-10.1

 

EXHIBIT 10.1

FIRST AMENDMENT

     FIRST AMENDMENT, dated as of April 9, 2008 (this “Amendment”), to the Credit
Agreement, dated as of January 31, 2007 (as amended, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among Gartner, Inc. (the “Borrower”), the several
lenders from time to time parties thereto (the “Lenders”), Bank of America, N.A., as
syndication agent, Citibank, N.A., RBS Citizens, National Association successor by merger to
Citizens Bank of Massachusetts and LaSalle Bank National Association, as documentation agents, and
JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative
Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrower, the Administrative Agent and the Lenders are parties to the Credit
Agreement;

     WHEREAS, the Borrower has requested that the Lenders make certain amendments to the Credit
Agreement as set forth herein; and

     WHEREAS, the Lenders are willing to agree to the requested amendments;

     NOW THEREFORE, in consideration of the premises herein contained and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby
agree as follows:

     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.

     2. Amendment of Section 1.1 (Definitions).

     (a) The definitions of the following terms set forth in Section 1.1 of the Credit Agreement
are hereby amended as follows

     “Aggregate Exposure”: with respect to any Lender at any time, an amount
equal to (a) until the Closing Date, the aggregate amount of such Lender’s
Commitments at such time, (b) from the Closing Date until the First Amendment
Effective Date, the sum of (i) the aggregate then unpaid principal amount of such
Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then
in effect or, if the Revolving Commitments have been terminated, the amount of such
Lender’s Revolving Extensions of Credit then outstanding and (c) thereafter, the sum
of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans, (ii)
the aggregate then unpaid principal amount of such Lender’s 2008 Term Loans and
(iii) the amount of such Lender’s Revolving Commitment then in effect or, if the
Revolving Commitments have been terminated, the amount of such Lender’s Revolving
Extensions of Credit then outstanding.

     “Applicable Margin” for each Type of Loan or the Commitment Fee Rate,
the rate per annum set forth under the relevant column heading below, in respect of:

 

 

     (a) Term Loans and Revolving Loans

	 	 	 	 	 	 	 	 	 
	 	 	Consolidated	 	Applicable Margin	 	Applicable Margin	 	Commitment Fee
	Level	 	Leverage Ratio	 	for Eurodollar Loans	 	for ABR Loans	 	Rate
	 I
	 	> 3.25 to 1.00	 	1.250%	 	0.250%	 	0.300%
	 II
	 	> 2.50 to 1.00	 	1.000%	 	0.000%	 	0.250%
	 III
	 	> 1.75 to 1.00	 	0.875%	 	0.000%	 	0.200%
	 IV
	 	> 1.00 to 1.00	 	0.750%	 	0.000%	 	0.175%
	 V
	 	< 1.00 to 1.00	 	0.625%	 	0.000%	 	0.150%

     (b) 2008 Term Loans

	 	 	 	 	 	 	 
	 	 	Consolidated	 	Applicable Margin	 	Applicable Margin
	Level	 	Leverage Ratio	 	for Eurodollar Loans	 	for ABR Loans
	 I
	 	> 3.25 to 1.00	 	1.750%	 	0.75%
	 II
	 	> 2.50 to 1.00	 	1.500%	 	0.50%
	 III
	 	> 1.75 to 1.00	 	1.250%	 	0.25%
	 IV
	 	> 1.00 to 1.00	 	1.000%	 	0.00%
	 V
	 	< 1.00 to 1.00	 	0.875%	 	0.00%

The Applicable Margin on the Closing Date shall be the rate per annum set forth in
Level III above. On the First Amendment Effective Date, the Applicable Margin shall
be the rate per annum set forth in Level II, and at no time prior to the beginning
of the third full fiscal quarter following the First Amendment Effective Date shall
the Applicable Margin be less than the rate per annum set forth in Level II.
Changes in the Applicable Margin resulting from changes in the Consolidated Leverage
Ratio shall become effective on the date (the “Adjustment Date”) that is
three Business Days after the date on which financial statements are delivered to
the Lenders pursuant to Section 6.1 and shall remain in effect until the next change
to be effected pursuant to this paragraph. Each determination of the Consolidated
Leverage Ratio pursuant hereto shall be made in a manner consistent with the
determination thereof pursuant to Section 7.1(a)

     “Commitment”: as to any Lender, the sum of the Term Commitment, the
Revolving Commitment and the 2008 Term Commitment of such Lender.

     “Consolidated Fixed Charges”: for any period, the sum (without
duplication) of (a) Consolidated Interest Expense for such period and (b) scheduled
payments made during such period on account of principal of Indebtedness of the
Borrower or any of its Subsidiaries (including scheduled principal payments in
respect of the Term Loans and the 2008 Term Loans).

     “Designated Foreign Currencies”: Australian Dollars, Canadian Dollars,
Euros, Hong Kong Dollars, New Zealand Dollars, Singapore Dollars, Sterling, Swiss
francs, Yen, Indian Rupee, Korean Won and Mexican Peso.

 

 

     “Facility”: each of (a) the Term Commitments and the Term Loans made
thereunder (the “Term Facility”); (b) the 2008 Term Commitments and the 2008
Term Loans made thereunder (the “2008 Term Facility”); and (c) the Revolving
Commitments and the extensions of credit made thereunder (the “Revolving
Facility”).

     “Interest Period”: as to any Eurodollar Loan, (a) initially, the period
commencing on the borrowing or conversion date, as the case may be, with respect to
such Eurodollar Loan and ending one, two, three or six months thereafter, as
selected by the Borrower in its notice of borrowing or notice of conversion, as the
case may be, given with respect thereto; and (b) thereafter, each period commencing
on the last day of the next preceding Interest Period applicable to such Eurodollar
Loan and ending one, two, three or six months thereafter, as selected by the
Borrower by irrevocable notice to the Administrative Agent not later than 11:00
A.M., New York City time, on the date that is three Business Days prior to the last
day of the then current Interest Period with respect thereto; provided that,
all of the foregoing provisions relating to Interest Periods are subject to the
following:

     (i) if any Interest Period would otherwise end on a day that is not a
Business Day, such Interest Period shall be extended to the next succeeding
Business Day unless the result of such extension would be to carry such
Interest Period into another calendar month in which event such Interest
Period shall end on the immediately preceding Business Day;

     (ii) the Borrower may not select an Interest Period under a particular
Facility that would extend beyond the Revolving Termination Date or beyond
the date final payment is due on the Term Loans or the 2008 Term Loans, as
the case may be;

     (iii) any Interest Period that begins on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on
the last Business Day of a calendar month; and

     (iv) the Borrower shall select Interest Periods so as not to require a
payment or prepayment of any Eurodollar Loan during an Interest Period for
such Loan.

     “Majority Facility Lenders”: with respect to any Facility, the holders
of more than 50% of the aggregate unpaid principal amount of the Term Loans, the
2008 Term Loans or the Total Revolving Extensions of Credit, as the case may be,
outstanding under such Facility (or, in the case of the Revolving Facility, prior to
any termination of the Revolving Commitments, the holders of more than 50% of the
Total Revolving Commitments).

     “Reinvestment Deferred Amount”: with respect to any Reinvestment
Event, the aggregate Net Cash Proceeds received by any Group Member in connection
therewith that are not applied to prepay the Term Loans pursuant to Section 2.9(c)
or the 2008 Term Loans pursuant to Section 2.9(d) as a result of the delivery of a
Reinvestment Notice.

 

 

     “Required Lenders”: at any time, the holders of more than 50% of (a)
until the Closing Date, the Commitments then in effect, (b) from the Closing Date
until the First Amendment Effective Date, the sum of (i) the aggregate unpaid
principal amount of the Term Loans then outstanding and (ii) the Total Revolving
Commitments then in effect or, if the Revolving Commitments have been terminated,
the Total Revolving Extensions of Credit then outstanding, and (c) thereafter, the
sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding,
(ii) the aggregate unpaid principal amount of the 2008 Term Loans then outstanding
and (iii) the Total Revolving Commitments then in effect or, if the Revolving
Commitments have been terminated, the Total Revolving Extensions of Credit then
outstanding.

     (b) The following definitions shall be added in the appropriate alphabetical order:

     “2008 Lender”: each Lender that has a 2008 Term Commitment or that
holds a 2008 Term Loan.

     “2008 Term Commitment”: as to any 2008 Lender, the obligation of such
2008 Lender, if any, to make a 2008 Term Loan to the Borrower in a principal amount
not to exceed the amount set forth under the heading “2008 Term Commitment” opposite
such 2008 Lender’s name on Schedule 1.1B. The original aggregate amount of the 2008
Term Commitments is $150,000,000.

     “2008 Term Loan”: as defined in Section 2.1.

     “2008 Term Percentage”: as to any 2008 Lender at any time, the
percentage which such Lender’s 2008 Term Commitment then constitutes of the
aggregate 2008 Term Commitments (or, at any time after the First Amendment Effective
Date, the percentage which the aggregate principal amount of such Lender’s 2008 Term
Loans then outstanding constitutes of the aggregate principal amount of the 2008
Term Loans then outstanding).

     “Confidential Information Memoranda”: the collective reference to the
Confidential Information Memorandum 2007 and the Confidential Information Memorandum
2008.

     “Confidential Information Memorandum 2007”: the Confidential
Information Memorandum dated January 2007 and furnished to certain Lenders.

     “Confidential Information Memorandum 2008”: the Confidential
Information Memorandum dated March 2008 and furnished to certain 2008 Lenders.

     “First Amendment Effective Date”: April 9, 2008

     (c) The definition of “Confidential Information Memorandum” shall be deleted in its entirety.

     3. Amendment to Section 2.1 (Term Commitments). Section 2.1 is hereby amended by
restating it to read in its entirety as follows:

     “2.1 Term Commitments. (a) Subject to the terms and conditions hereof, each
Term Lender severally agrees to make a term loan (the “Term Loans”) to the Borrower
on the

 

 

Closing Date, in an amount not to exceed the amount of the Term Commitment of such
Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with
Sections 2.2 and 2.10.

     (b) Subject to the terms and conditions hereof, each 2008 Lender severally agrees to
make a term loan (the “2008 Term Loans”) to the Borrower on the First Amendment
Effective Date in an amount not to exceed the amount of the 2008 Term Commitment of such
2008 Lender. The 2008 Term Loans may from time to time be Eurodollar Loans or ABR Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with
Sections 2.2 and 2.10.”

     4. Amendment to Section 2.2 (Procedure for Term Loan Borrowing). Section 2.2 is
hereby amended by restating it to read in its entirety as follows:

     “2.2 Procedure for Term Borrowing. The Borrower shall give the Administrative
Agent irrevocable notice (which notice must be received by the Administrative Agent prior to
10:00 A.M., New York City time, one Business Day prior to the anticipated Closing Date or
First Amendment Effective Date, as applicable) requesting that the Term Lenders make the
Term Loans on the Closing Date and specifying the amount to be borrowed or the 2008 Lenders
make the 2008 Term Loans on the First Amendment Effective Date and specifying the amount to
be borrowed. The Term Loans made on the Closing Date and the 2008 Term Loans made on the
First Amendment Effective Date shall initially be ABR Loans. Upon receipt of such notice
the Administrative Agent shall promptly notify each Term Lender or 2008 Lender thereof. Not
later than 12:00 Noon, New York City time, on the Closing Date or the First Amendment
Effective Date, as applicable, each Term Lender or 2008 Lender shall make available to the
Administrative Agent at the Funding Office an amount in immediately available funds equal to
the Term Loan, Term Loans, 2008 Term Loan or 2008 Term Loans to be made by such Lender. The
Administrative Agent shall credit the account of the Borrower on the books of such office of
the Administrative Agent with the aggregate of the amounts made available to the
Administrative Agent by the Term Lenders or the 2008 Lenders in immediately available
funds.”

     5. Amendment to Section 2.3 (Repayment of Term Loans). Section 2.3 is hereby amended
by restating it to read in its entirety as follows:

“2.3 Repayment of Term Loans. (a) The Term Loan of each Lender shall mature in 19
consecutive quarterly installments, each of which shall be in an amount equal to such
Lender’s Term Percentage, multiplied by the amount set forth below opposite such
installment:

	 	 	 
	Installment	 	Principal Amount of Term Loans
	September 30, 2007
	 	$3,000,000
	December 31, 2007
	 	$3,000,000
	March 31, 2008
	 	$3,000,000
	June 30, 2008
	 	$4,500,000
	September 30, 2008
	 	$4,500,000
	December 31, 2008
	 	$4,500,000
	March 31, 2009
	 	$4,500,000

 

 

	 	 	 
	Installment	 	Principal Amount of Term Loans
	June 30, 2009
	 	$  9,000,000
	September 30, 2009
	 	$  9,000,000
	December 31, 2009
	 	$  9,000,000
	March 31, 2010
	 	$  9,000,000
	June 30, 2010
	 	$13,500,000
	September 30, 2010
	 	$13,500,000
	December 31, 2010
	 	$13,500,000
	March 31, 2011
	 	$13,500,000
	June 30, 2011
	 	$15,750,000
	September 30, 2011
	 	$15,750,000
	December 31, 2011
	 	$15,750,000
	Revolving Termination Date
	 	$15,750,000

(b) The 2008 Term Loan of each Lender shall mature in 16 consecutive quarterly installments,
each of which shall be in an amount equal to such Lender’s 2008 Term Percentage, multiplied
by the amount set forth below opposite such installment:

	 	 	 
	Installment	 	Principal Amount of 2008 Term Loans
	June 30, 2008
	 	$  3,750,000
	September 30, 2008
	 	$  3,750,000
	December 31, 2008
	 	$  3,750,000
	March 31, 2009
	 	$  3,750,000
	June 30, 2009
	 	$  7,500,000
	September 30, 2009
	 	$  7,500,000
	December 31, 2009
	 	$  7,500,000
	March 31, 2010
	 	$  7,500,000
	June 30, 2010
	 	$11,250,000
	September 30, 2010
	 	$11,250,000
	December 31, 2010
	 	$11,250,000
	March 31, 2011
	 	$11,250,000
	June 30, 2011
	 	$15,000,000
	September 30, 2011
	 	$15,000,000
	December 31, 2011
	 	$15,000,000
	Revolving Termination Date
	 	$15,000,000

 

 

     6. Amendment of Section 2.8 (Optional Prepayments). Section 2.8 is hereby amended by
replacing the last sentence thereof with the following:

     “Partial prepayments of Term Loans, 2008 Term Loans and Revolving Loans shall be in an
aggregate principal amount of $1,000,000 or a whole multiple thereof (or any lesser amount
that then remains outstanding with respect to the Term Loans, 2008 Term Loans or Revolving
Loans).”

     7. Amendment of Section 2.9 (Mandatory Prepayments and Commitment Reductions).
Section 2.9 is hereby amended by:

     (a) adding (i) before the period at the end of paragraph (a) thereof and (ii) before
the semicolon in the first sentence and before the period at the end of paragraph (b)
thereof the phrase, “and the 2008 Term Loans as set forth in Section 2.9(d), ratably as
between the Term Loans and the 2008 Term Loans”

     (b) adding a new clause (d) to read in its entirety as follows:

“(d) Amounts to be applied in connection with prepayments made
pursuant to Section 2.9 shall be applied to the prepayment of the
2008 Term Loans in accordance with Section 2.15(c). The application
of any prepayment pursuant to Section 2.9 shall be made,
first, to ABR Loans and, second, to Eurodollar Loans.
Each prepayment of the Loans under Section 2.9 shall be accompanied
by accrued interest to the date of such prepayment on the amount
prepaid.”

     8. Amendment of Section 2.15 (Pro Rata Treatment of Payments). Section 2.15 is hereby
amended by:

     (a) restating clause (a) as follows:

“(a) Each borrowing by the Borrower from the Lenders hereunder, each
payment by the Borrower on account of any commitment fee and any
reduction of the Commitments of the Lenders shall be made pro
rata according to the respective Term Percentages, 2008 Term
Percentages or Revolving Percentages, as the case may be, of the
relevant Lenders.”

     (b) inserting a new clause (c) after existing clause (b) to read in its entirety as
follows:

“(c) Each payment (including each prepayment) by the Borrower on
account of principal of and interest on the 2008 Term Loans shall be
made pro rata according to the respective outstanding
principal amounts of the 2008 Term Loans then held by the 2008
Lenders. The amount of each principal prepayment of the 2008 Term
Loans shall be applied to reduce the then remaining installments of
the 2008 Term Loans pro rata based upon the then
remaining principal amounts thereof. Amounts prepaid on account of
the 2008 Term Loans may not be reborrowed.”

     (c) relettering existing clauses (c) through (f) as clauses (d) through (g).

 

 

     9. Amendment to Section 3.1 (L/C Commitment). Section 3.1(a) is hereby amended by
restating in its entirety the language before the proviso as follows:

     “(a) Subject to the terms and conditions hereof, the Issuing Lender, in
reliance on the agreements of the other Revolving Lenders set forth in Section
3.4(a), agrees to issue letters of credit and similar instruments permitted to be
issued by it (“Letters of Credit”) for the account of the Borrower on any
Business Day during the Revolving Commitment Period in such form as may be approved
from time to time by the Issuing Lender;”

     10. Amendment to Section 4.10 (Taxes). Section 4.10 is hereby amended by inserting
before the period at the end thereof the phrase “except as could not reasonably be expected to have
a Material Adverse Effect”.

     11. Amendment of Section 4.16 (Use of Proceeds). Section 4.16 is hereby amended by
inserting before the last sentence thereof, “The proceeds of the 2008 Term Loans shall be used for
general corporate purposes, including permitted repurchases of the Borrower’s common stock.”

     12. Amendment of Section 4.18 (Accuracy of Information, etc.). Section 4.18 is hereby
amended by replacing “Confidential Information Memorandum” with “Confidential Information
Memorandum 2008” in each place it appears.

     13. Amendment of Section 7.1 (Financial Condition Covenants). Section 7.1 is hereby
amended by:

     (a) replacing the chart in clause (a) with the following:

	 	 	 
	Period 	 	Consolidated Leverage Ratio
	Closing Date through
September 29, 2007
	 	3.75 to 1.00
	September 30, 2007 through December 30, 2007
	 	3.50 to 1.00
	December 31, 2007 through December 31, 2008
	 	3.25 to 1.00
	January 1, 2009 and thereafter
	 	3.00 to 1.00

     (b) restating clause (b) to read in its entirety as follows:

“(b) Consolidated Fixed Charge Coverage Ratio. Permit the Fixed
Charge Coverage Ratio, calculated as at the end of such fiscal quarter for
the period of four consecutive fiscal quarters of the Borrower ended during
any period set forth below, to exceed the ratio set forth below opposite
such period:

	 	 	 
	Period 	 	Consolidated Fixed Charge Coverage Ratio
	First Amendment Effective Date
through September 30, 2008
	 	3.00 to 1.00
	October 1, 2008 through
December 31, 2008
	 	2.50 to 1.00
	January 1, 2009 through
December 31, 2009
	 	2.00 to 1.00
	January 1, 2010 and thereafter
	 	1.75 to 1.00

 

 

     14. Amendment of Section 7.6 (Restricted Payments). Section 7.6(d) is hereby amended
by restating the parenthetical therein as follows:

     “(provided, that the Borrower’s Consolidated Leverage Ratio shall be at least
0.50 less than the applicable level set forth in Section 7.1(a), except such limitation
shall not apply to share repurchases during the period from the First Amendment Effective
Date to December 31, 2008 in an aggregate amount not to exceed $200,000,000)”.

     15. Amendment of Section 7.8 (Investments). Section 7.8 is hereby amended by
replacing the words “investment” and investments” with “Investment” and “Investments”,
respectively, in each place they appear.

     16. Amendment to Section 10.1 (Amendments and Waivers). Section 10.1 is hereby amended
by restating clause (a) in the last paragraph thereof to read in its entirety as follows:

     “(a) to add one or more additional credit facilities to this Agreement and to permit
the extensions of credit from time to time outstanding thereunder and the accrued interest
and fees in respect thereof to share ratably in the benefits of this Agreement and the other
Loan Documents with the Term Loans, 2008 Term Loans and Revolving Extensions of Credit and
the accrued interest and fees in respect thereof and”.

     17. Amendment of Section 10.6 (Successors and Assigns; Participations and
Assignments). Section 10.6 is hereby amended by:

     (a) restating clause (b)(i)(B) to read in its entirety as follows:

“(B) the Administrative Agent (such consent not to be unreasonably
withheld or delayed), provided that no consent of the
Administrative Agent shall be required for an assignment of all or
any portion of a Term Loan or 2008 Term Loan to a Lender, an
Affiliate of a Lender or an Approved Fund; and”

     (b) restating clause (b)(i)(C) to read in its entirety as follows:

“(C) the Issuing Lender (such consent not to be unreasonably
withheld), provided that no consent of the Issuing Lender
shall be required for an assignment of all or any portion of a Term
Loan or 2008 Term Loan.”

     (c) restating the second parenthetical in clause (b)(ii)(A) to read in its entirety as
follows:

“(or, in the case of the Term Facility or 2008 Term Facility,
$1,000,000)”

 

 

     18. Amendment to Schedules. The Schedules to the Credit Agreement are hereby amended
by inserting Annex I attached hereto as a new Schedule 1.1B to the Credit Agreement.  

     19. Agreement. The parties hereto agree that each reference in Section 10.1 to the
“Term Loan” shall be deemed to include a reference to “the 2008 Term Loans” or “a 2008 Term Loan”
as the case may be.

     20. Representations and Warranties. On and as of the First Amendment Effective Date,
the Borrower hereby confirms, reaffirms and restates the representations set forth in Section 4 of
the Credit Agreement, except to the extent that such representations and warranties expressly
relate to a specific earlier date in which case the Borrower hereby confirms, reaffirms and
restates such representations and warranties as of such earlier date. The Borrower hereby
represents and warrants to the Administrative Agent and each Lender and 2008 Lender that (i) each
of the most recently delivered financial statements presents fairly, in all material respects, the
consolidated financial condition of the Borrower and its consolidated Subsidiaries as at such date,
and the consolidated results of its operations and its consolidated cash flows for the respective
fiscal periods then ended and (ii) since delivery of such financial statements, there has been no
development or event that has had or could reasonably be expected to have a Material Adverse
Effect.

     21. Conditions to Effectiveness. This Amendment shall become effective upon the
satisfaction of the following conditions:

     (a) The Administrative Agent shall have received counterparts of this Amendment
executed by the Borrower, the Administrative Agent, the Required Lenders and the 2008
Lenders as of the date hereof.

     (b) The Administrative Agent shall have received counterparts of the Acknowledgement
and Consent attached hereto, executed and delivered by an authorized officer of each Loan
Party party thereto.

     (c) The Administrative Agent shall have received (i) a certificate of each Loan Party,
dated the First Amendment Effective Date, substantially in the form of Exhibit C to the
Credit Agreement, with appropriate insertions and attachments, including the certificate of
incorporation of each Loan Party that is a corporation certified by the relevant authority
of the jurisdiction of organization of such Loan Party, and (ii) a long form good standing
certificate for each Loan Party from its jurisdiction of organization.

     (d) The Administrative Agent shall have received the legal opinion of Wilson, Sonsini,
Goodrich & Rosati, Professional Corporation, counsel to the Borrower and its Subsidiaries,
substantially in the form of Exhibit E to the Credit Agreement. Such legal opinion shall
cover such other matters incident to the transactions contemplated by this Amendment as the
Administrative Agent may reasonably require.

     (e) The Administrative Agent, the Lenders, J.P. Morgan Securities Inc. and counsel to
the Administrative Agent and J.P. Morgan Securities Inc. shall have received all fees
required to be paid, and all expenses for which invoices have been presented, on or before
the First Amendment Effective Date.

 

 

     (f) The Administrative Agent shall have received notice (which notice has been received
by 10:00 A.M., New York City time, one Business Day prior to the First Amendment Effective
Date) requesting that the 2008 Lenders make the 2008 Term Loans on the First Amendment
Effective Date and specifying the amount to be borrowed.

     (g) Each of the representations and warranties made by the Borrower in or pursuant to
this Amendment shall be true and correct in all material respects on and as of the First
Amendment Effective Date, as if made on and as of such date unless such representation
relates solely to an earlier date, in which case such representation shall be true and
correct as of such date.

     (h) No Default or Event of Default shall have occurred and be continuing on the First
Amendment Effective Date or after giving effect to any 2008 Term Loans requested to be made
on such date.

     22. Continuing Effect; No Other Amendments. Except as expressly amended hereby, all
of the terms and provisions of the Credit Agreement are and shall remain in full force and effect.
The amendments provided for herein are limited to the specific sections of the Credit Agreement
specified herein and shall not constitute and amendment of, or an indication of the Lenders’
willingness to amend, any other provisions of the Credit Agreement or the same sections for any
other date or purpose.

     23. Fees and Expenses. The Borrower agrees to pay and reimburse each Lender for all
its reasonable costs and out-of-pocket expenses incurred in connection with the preparation and
delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of
counsel to such Lender.

     24. Counterparts. This Amendment may be executed in any number of counterparts by the
parties hereto, each of which counterparts when so executed shall be an original, but all of the
counterparts shall together constitute one and the same instrument. Any such counterpart may be
delivered by facsimile or by “pdf” in an e-mail transmission.

     25. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[Remainder of page intentionally left blank]

 

 

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

	 	 	 	 	 
	 	GARTNER, INC.

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Syndication Agent and

as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	CITIBANK, N.A., as Documentation Agent and as a

Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	RBS CITIZENS, NATIONAL ASSOCIATION, as 

Documentation Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION, as

Documentation Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	SCOTIABANC INC., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	HSBC BANK USA, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	MIZUHO CORPORATE BANK, LTD., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH,

as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	COMMERCE BANK, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	PEOPLE’S BANK, as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	WEBSTER BANK, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY, as a
Lender

 	 
	 	By:  	 	 
	 	 	Name 	 
	 	 	Title:  	 	 
	 

[Signature page to First Amendment]

 

 

ANNEX I

Schedule 1.1B

Commitments

	 	 	 
	Name of Lender	 	2008 Term Commitment
	JPMorgan Chase Bank, N.A.
	 	$30,000,000.00
	 
	RBS Citizens, National Association
	 	$20,000,000.00
	 
	Fifth Third Bank
	 	$35,000,000.00
	 
	Commerce Bank, N.A.
	 	$20,000,000.00
	 
	Scotiabanc Inc.
	 	$15,000,000.00
	 
	HSBC Bank USA, N.A.
	 	$10,000,000.00
	 
	KeyBank National Association
	 	$10,000,000.00
	 
	The Northern Trust Company
	 	$10,000,000.00
	 
	Total
	 	$150,000,000.00

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