Document:

Exhibit

EXHIBIT 10.7

 AMENDMENT NO. 3 TO LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT

THIS AMENDMENT NO. 3 TO LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT, dated as of May 10, 2016 (this “Amendment”), is by and among Illinois Power Marketing Company, an Illinois corporation, as the applicant (the “Applicant”) and MUFG Union Bank, N.A. (together with its successor and assigns, the “Bank”).
RECITALS:
WHEREAS, the Applicant and the Bank are parties to that certain Letter of Credit and Reimbursement Agreement, dated as of January 29, 2014, as amended by Waiver and Amendment No.1 to Letter of Credit and Reimbursement Agreement dated as of May 16, 2014, as amended by Amendment No. 2 to Letter of Credit and Reimbursement Agreement dated as of June 3, 2015  (the “Facility Agreement”);
WHEREAS, the Applicant has requested a certain amendment to the terms of the Facility Agreement to extend the Termination Date of the Facility Agreement; and
WHEREAS, the parties hereto have agreed to amend the Facility Agreement on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.    Definitions.  Unless otherwise defined or the context otherwise requires, terms for which meanings are provided in the Facility Agreement shall have such meanings when used in this Amendment.
SECTION  2.       Amendments to the Facility Agreement. The Facility Agreement shall be amended  as follows:
(a)    The definition of “Termination Date” in Section 1 of the Facility Agreement is hereby amended and restated in its entirety as follows:
“Termination Date” means May 31, 2018.

SECTION  3.        Effectiveness of this Amendment.  This Amendment shall be effective upon: (a) execution of this Amendment by the parties hereto; and (b) the payment by applicant of the amendment fee set forth in the fee letter agreement, dated as of the date hereof, between the Applicant and the Bank.
SECTION 4.     Representations and Warranties.  The Applicant represents and warrants to the Bank that:
(a)    this Amendment has been duly and validly executed and delivered by the Applicant and constitutes the legal, valid and binding obligation of the Applicant, enforceable in accordance with the terms hereof except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, or other similar laws affecting creditors’ rights generally, and by general principles of equity regardless of whether such enforceability is considered in a proceeding in equity or at law; and
(b)        the representations and warranties of the Applicant forth in the Facility Agreement (as amended hereby) are true and correct in all material respects on the date hereof except to the extent that such representations and warranties expressly relate to an earlier date, in which event such representations and warranties were true and correct in all material respects as of such earlier date.
SECTION 5.    Ratification; No Novation.
(a)        The amendments and waivers set forth herein are effective solely for the purposes set forth herein and shall be limited precisely as written, and shall not be deemed to (i) be a consent to, or acknowledgment of, any amendment, waiver or modification of any other term or condition of the Facility Agreement or of any other instrument or agreement referred to therein or (ii) prejudice any right or remedy which the Bank or any other party may now have or may have in the future under or in connection with the Facility Agreement as amended hereby or any other instrument or agreement referred to therein.  This Amendment shall be construed in connection with and as part of the Facility Agreement, and all terms, conditions, representations, 

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EXHIBIT 10.7

warranties, covenants and agreements set forth in the Facility Agreement and each other instrument or agreement referred to therein, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.
(b)        Neither this Amendment nor the replacement of the terms of the Facility Agreement by the terms of this Amendment shall extinguish the obligations for the payment of money outstanding under the Facility Agreement or discharge or release any lien granted by the Cash Collateral Agreement.  Nothing expressed or implied in this Amendment or any other document contemplated hereby or thereby shall be construed as a release or other discharge of the Applicant under any Financing Document from any of its obligations and liabilities thereunder.  Each Financing Document shall remain in full force and effect, except as modified hereby or in connection herewith.  This Amendment is a Financing Document executed pursuant to the Facility Agreement and shall be construed, administered and applied in accordance with the terms and provisions thereof.  Each reference in the Facility Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the Facility Agreement as amended by this Amendment, and each reference herein or in any other Financing Document to the “Facility Agreement” shall mean and be a reference to the Facility Agreement as amended and modified by this Amendment.  
SECTION 6.    Counterparts.    This Amendment may be executed in any number of counterparts and by the parties hereto as separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment.  In furtherance of the foregoing, it is understood and agreed that signatures hereto submitted by facsimile or other electronic transmision shall be deemed to be, and shall constitute, original signatures.
SECTION 7.    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION 8.    Headings.  Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.
[Reminder of Page Intentionally Left Blank]

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EXHIBIT 10.7

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

	
		
	APPLICANT:
	ILLINOIS POWER MARKETING COMPANY
By:  /s/ Siddharth  Manjeshwar 
Name:  Siddharth Manjeshwar 
Title:    Vice President and Treasurer

	 
	 

[Amendment No. 3 to Letter of Credit and Reimbursement Agreement]

EXHIBIT 10.7

	
		
	BANK:
	MUFG UNION BANK, N.A.
By:  /s/ Chi-Cheng Chen 
Name:  Chi-Cheng Chen 
Title:    Director

[Amendment No. 3 to Letter of Credit and Reimbursement Agreement]habt-ex101_54.htm

 

Exhibit 10.1

 

AMENDMENT NO. 1 TO 

 

FIFTH AMENDED & RESTATED LIMITED LIABILITY COMPANY AGREEMENT

 

 

This Amendment No. 1 (this “Amendment”) to the Fifth Amended and Restated Limited Liability Company Agreement, dated as of April 6, 2015 (the “LLC Agreement”), of The Habit Restaurants, LLC (the “Company”) is made and entered into as of May 16, 2016 by and among the signatories hereto.  Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the LLC Agreement.

 

WHEREAS, pursuant to Section 9.5 of the LLC Agreement, any amendment or modification to the Agreement may be effected by written consent of the Managing Member in its sole discretion without the approval of any other Member or other Person, provided that such amendment does not materially and adversely affect the rights of a holder of Units, other than on a pro rata basis with other holders of Units of the same Class without the consent of such holder; 

 

WHEREAS, the Managing Member desires to amend the Exchange Procedures pursuant to Section 3.9 of the LLC Agreement in such a way as does not materially and adversely affect the rights of a holder of Units, other than on a pro rata basis with other holders of Units of the same Class; and

 

WHEREAS, this Amendment shall be binding on all of the parties hereto for all purposes.

 

NOW, THEREFORE, in consideration of the mutual covenants contained in this Amendment and in the LLC Agreement, as amended, and other good and valuable consideration, the receipt and sufficiency of which being hereby acknowledged, the parties hereto intending to be legally bound, agree as follows:

 

	
1.
	
Amendment to Weekly Exchange Date.  All references to “Weekly Exchange Date” are hereby deleted and replaced with “Bi-Weekly Exchange Date.” Additionally, the definition of “Weekly Exchange Date” is hereby deleted in its entirety and replaced with the following:

“Bi-Weekly Exchange Date” means the First Exchange Date and the last Business Day of each second sequential week thereafter. For the avoidance of doubt, “bi-weekly” shall refer to every two weeks. 

 

	
2.
	
Miscellaneous.  Except as set forth herein, the terms of the LLC Agreement shall remain in full force and effect.  The provisions of Article IX (Miscellaneous Provisions) of the LLC Agreement shall apply to this Amendment directly as if incorporated herein.

***

 

 

IN WITNESS WHEREOF, the parties hereto have caused this LLC Agreement to be duly executed as of the date first written above.

 

COMPANY:

THE HABIT RESTAURANTS, LLC, 

a Delaware limited liability company

 

By: The Habit Restaurants, Inc., a Delaware 

corporation, its Managing Member

 

 

/s/ Russell Bendel         

By:Russell Bendel
Title: Chief Executive OfficerExhibit

Exhibit 10.1

FIFTH AMENDMENT TO 
2011 SHARE INCENTIVE PLAN

THIS FIFTH AMENDMENT (the “Fifth Amendment”) to the 2011 SHARE INCENTIVE PLAN is executed as of June 16, 2016.  

RECITALS

WHEREAS, the Board of Trustees of Equity Residential (the “Company”) adopted the 2011 Share Incentive Plan (the “Initial 2011 Plan”) on March 24, 2011, which was approved by the shareholders of the Company at the 2011 Annual Meeting of Shareholders.  

WHEREAS, the Company amended the Initial 2011 Plan pursuant to a First Amendment dated July 10, 2012 (the “First Amendment”), a Second Amendment dated November 4, 2013 (the “Second Amendment”), a Third Amendment dated April 30, 2014 (the “Third Amendment”) and a Fourth Amendment dated October 20, 2014 (the “Fourth Amendment”).  The Initial 2011 Plan, as modified by the First Amendment, Second Amendment, Third Amendment and Fourth Amendment, is hereinafter referred to as the “Plan”.  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Plan.

WHEREAS, the Company desires to further amend the Plan to amend the transfer provisions for OP Units and LTIP Units.

NOW THEREFORE, the Plan is amended as follows: 

1.    Share Awards.  Paragraph 11 of the Plan is deleted in its entirety and the following is substituted therefor:

(a)Share Awards.  Shares subject to Share Awards shall not be sold, assigned, pledged or otherwise transferred, voluntarily or involuntarily, by the Grantee, while they are subject to the vesting or other restrictions, if any, described in paragraph 5(a).     

(b)OP Units and LTIP Units.  Notwithstanding the transfer provisions set forth in the Operating Partnership’s agreement of limited partnership, OP Units and LTIP Units granted under the Plan shall not be sold, assigned, pledged, exchanged for Shares or otherwise transferred, voluntarily or involuntarily, by the Grantee during the two year period from the date of grant.  After the two year time period, LTIP Units (whether vested or not) and OP Units that are still subject to the vesting or other restrictions, if any, described in paragraph 5(a), are not transferable except as described in paragraph 11(c).  

(c)Options, SARs, Dividend Equivalents, OP Units and LTIP Units.  Options, SARs and Dividend Equivalents, and OP Units and LTIP Units (under the circumstances described in paragraph 11(b)), are not transferable except (i) by will or by the laws of descent and distribution or, to the extent not inconsistent with the applicable provisions of the Code, pursuant to a qualified domestic relations order (as that term is defined in the Code); and (ii) a Grantee may transfer all or part of an Option that is not an Incentive Stock Option, or a SAR, or OP Units and LTIP Units after the two year time period referred to in paragraph 11(b), to the Grantee’s family members; provided that the transferee thereof shall hold such Option, SAR, OP Unit or LTIP Unit subject to all of the conditions and restrictions contained herein and otherwise applicable to the Option, SAR, OP Unit or LTIP Unit, and that, as a condition to such transfer, the Company may require the transferee to agree in writing (in a form acceptable to the Company) that the transfer is subject to such conditions and restrictions.  It is the intention of the Company that for purposes of paragraph 11(b), the term “family member” shall be construed broadly, and include, without limitation, a Grantee’s child, stepchild, grandchild, great-grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, trusts for the benefit of family members, or partnerships or other entities in which the Grantee and/or family members are the only partners or equity owners.

2.    Plan in Full Force and Effect.  After giving effect to this Fifth Amendment, the Plan remains in full force and effect.

IN WITNESS WHEREOF, this Fifth Amendment has been executed as of the date first written above. 
    
                    

EQUITY RESIDENTIAL 

By:    /s/ Bruce C. Strohm
Bruce C. Strohm
Executive Vice President and General Counsel

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