Document:

exv4w7

Exhibit 4.7

THIS SECURITY AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE.

BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: (1) REPRESENTS THAT IT
IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”)), (B) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3)
OR (7) UNDER THE SECURITIES ACT), OR (C) IT IS AN INDIVIDUAL “ACCREDITED INVESTOR” (AS DEFINED IN
RULE 501(a) (4), (5) OR (6) UNDER THE SECURITIES ACT); AND (2) AGREES FOR THE BENEFIT OF THE
COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL
INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE
DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY
SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW,
EXCEPT: (A) TO GRUBB & ELLIS COMPANY (THE “COMPANY”) OR ANY SUBSIDIARY THEREOF, OR (B) PURSUANT TO
A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR (C) TO A QUALIFIED
INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR (D) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(D) ABOVE, THE COMPANY AND THE
TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER
EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING
MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION
IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT.

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED
IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART
MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (“DTC”), A NEW YORK CORPORATION, TO

 

 

THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS
MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

 

GRUBB & ELLIS COMPANY

7.95% CONVERTIBLE SENIOR NOTES DUE 2015

No. 1

CUSIP No. 400095 AA3

     Grubb & Ellis Company, a corporation duly organized and existing under the laws of the State
of Delaware (herein called the “Company”, which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to the order of CEDE
& CO., or its registered assigns, the principal sum of $30,000,000 (Thirty Million Dollars) on May
1, 2015, and to pay interest thereon from and including May 7, 2010 or from and including the most
recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
May 1 and November 1 in each year, commencing November 1, 2010, at the rate of 7.95% per annum,
until the principal hereof is paid. The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the Close of
Business on the Regular Record Date for such interest, which shall be on April 15 or October 15
(whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.
Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Pursuant to Section 9.15 of the Indenture or the Registration Rights Agreement, in certain
circumstances, the Holder will be entitled to Additional Interest. Payment of the principal of
this Security and interest on (including Additional Interest, if any) shall be made by wire
transfer (except as otherwise provided in the Indenture) in immediately available funds, in such
lawful money of the United States of America as at the time of payment shall be legal tender for
the payment of public and private debts.

     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place. Capitalized terms used but not defined herein shall have the meanings ascribed thereto
in the Indenture. If any provision of this Security is inconsistent with any provision of the
Indenture, the provision in the Indenture shall control.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

[Remainder Of Page Intentionally Left Blank]

 

 

     In Witness Whereof, the Company has caused this Security to be signed manually or by
facsimile by its duly authorized officers.

	 	 	 	 	 
	Date:         	GRUBB & ELLIS COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	 	 
	 	  	
 	 
	Attest: 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

     This is one of the Securities designated therein referred to in the within mentioned
Indenture.

	 	 	 	 	 
	 	U.S. Bank National Association, as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

 

 

	 	 	 	 	 

GRUBB & ELLIS COMPANY

7.95% Convertible Senior Notes due 2015

1. Indenture

     This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued under an Indenture, dated as of May 7, 2010 (the
“Indenture”), between the Company and U.S. Bank National Association, as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), to which Indenture
reference is hereby made for a statement of the respective rights, limitations of rights, duties
and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. The terms of the
Securities include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
(except with respect to the deemed payment of interest upon conversion pursuant to Section 8.01(e)
of the Indenture) shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of (and premium, if any) and interest on this Security at the
times, place and rate, and in the coin or currency, herein prescribed.

2. Right to Redeem

     No sinking fund is provided for the Securities. The Securities are subject to redemption upon
not less than 30 nor more than 60 days’ notice by mail, at any time on or after May 6, 2013, in
whole or in part, at the option of the Company, at the Redemption Price payable in cash. Article V
of the Indenture sets forth the procedures, obligations, conditions and other terms of such
redemption.

3. Purchase of Securities at the Option of Holders

     If a Fundamental Change occurs at any time, subject to the provisions set forth in the
Indenture, the Holder of this Security shall have the right, at such Holder’s option, to require
the Company to purchase all of such Security, or any portion of the principal amount thereof, that
is equal to $1,000 or an integral multiple thereof, at the Fundamental Change Purchase Price
specified in the Indenture. Article VI of the Indenture sets forth the procedures, obligations,
conditions and other terms of such repurchase option upon the occurrence of a Fundamental Change.

4. Conversion

     Subject to the procedures, obligations, conditions and other terms for conversion set forth in
Article VIII of the Indenture and at any time prior to the Close of Business on the Scheduled
Trading Day before the Stated Maturity Date of the Securities, a Holder may convert its Securities
at their full principal amount, or any portion of their principal amount that is equal to $1,000 or
an integral multiple thereof, into a full number of shares of Common Stock (together with a cash
payment in lieu of any fractional shares of Common Stock) at the Conversion Rate

 

 

then in effect at the time of conversion.

5. Amendment; Waiver

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders at any
time by the Company and the Trustee with the consent of the Holders of a majority in principal
amount of the Securities at the time Outstanding. The Indenture also contains provisions permitting
the Holders of specified percentages in principal amount of the Securities at the time Outstanding,
on behalf of the Holders of all Securities, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.

6. Reports

     Subject to certain limitations in the Indenture, at any time when the Company is not subject
to Section 13 or 15(d) of the United States Securities Exchange Act of 1934, as amended, upon the
request of a Holder of a Restricted Security, the Company will promptly furnish or cause to be
furnished Rule 144A Information (as defined below) to such Holder of Restricted Securities, or to a
prospective purchaser of any such security designated by any such Holder, to the extent required to
permit compliance by any such Holder with Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”). “Rule 144A Information” shall be such information as is specified pursuant
to Rule 144A(d)(4) under the Securities Act (or any successor provision thereto).

7. Remedies

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding, judicial or otherwise, with respect to the
Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder (other
than in the case of an Event of Default specified in Sections 9.01(a), (b), (d) and (g) of the
Indenture), unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default, the Holders of not less than 25% in aggregate principal amount of the
Securities at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee, such Holders have offered to the
Trustee reasonable indemnity reasonably satisfactory to it against the costs, expenses and
liabilities to be incurred in compliance with such request, the Trustee shall have failed to
institute any such proceeding, within 60 days after receipt of such notice, request and offer of
indemnity, and no direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in aggregate principal amount of the
Outstanding Securities. The foregoing shall not apply to any suit instituted by the Holder of this
Security for the enforcement of any payment of the principal amount, Redemption Price or
Fundamental Change Purchase Price of or any premium or interest (including Additional Interest, if
any)

 

 

hereon on or after the respective due dates expressed herein or to receive shares of Common
Stock upon conversion in accordance with Article VIII of the Indenture.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal amount, Redemption Price or Fundamental Change Purchase Price of, and interest
(including Additional Interest, if any) (except with respect to the deemed payment of interest upon
conversion pursuant to Section 8.01(e) of the Indenture) on, this Security at the times, place and
rate, and in the coin or currency, herein prescribed, or to issue shares of Common Stock upon
conversion in accordance with Article VIII of the Indenture.

8. Registered Form; Denominations; Transfer; Exchange

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any Place of Payment, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the Security Registrar duly executed by, the Holder hereof or its attorney duly authorized in
writing, and thereupon one or more new Securities, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees.

     The Securities are issuable only in registered form without coupons in denominations of $1,000
and any integral multiple thereof. As provided in the Indenture and subject to certain limitations
therein set forth, Securities are exchangeable for a like aggregate principal amount of Securities
and of like tenor of a different authorized denomination, as requested by the Holder surrendering
the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company or the Security Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

9. Abbreviations

     Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to
Minors Act).

10. Governing Law

     THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

 

ASSIGNMENT FORM

To assign this Security, fill in the form below and have your signature guaranteed:

I or we assign and transfer this Security to:

 

 

 

 

 

 

(Print or type name, address and zip code and social security or tax ID number of assignee)

and irrevocably appoint
              
              
               
                  
           
             
                
                
               
               
              agent
to transfer this Security on the books of the Company. The agent may substitute another to
act for him.

	 	 	 	 	 
	 	 	 
	Dated: 	Signed:  	 	 
	 	 	(Sign exactly as your name appears on the other side of this Security) 	 

	 	 	 	 	 
	 	 	 
	 	Signature Guarantee:  	 	 
	 	 	(Signature must be guaranteed by a 	 
	 	 	participant in a recognized Signature
Guarantee Medallion Program or other
signature guarantor program reasonably
acceptable to the Trustee) 	 

 

 

	 	 	 	 	 

     In connection with any transfer of this Security occurring prior to the date which is the
later of (i) one year after the Issue Date of the Securities or such shorter period of time
permitted by Rule 144 under the Securities Act, as amended (the “Securities Act”), or any successor
provision thereto and (ii) such later date, if any, as may be required by applicable law, the
undersigned confirms that it has not utilized any general solicitation or general advertising in
connection with the transfer and that this Security is being transferred:

[Check One]

	 	 	 	 	 

	(1)

	 	o
	 	to the Company or a subsidiary thereof; or
	(2)

	 	o
	 	to a “Qualified Institutional Buyer” pursuant to and in
compliance with Rule 144A under the Securities Act;
	(3)

	 	o
	 	pursuant to the exemption from registration provided by
Rule 144 under the Securities Act; or
	(4)

	 	o
	 	pursuant to any other exemption from the registration
requirements of the Securities Act.

Unless one of the above boxes is checked, the Trustee will refuse to register any of the Securities
evidenced by this certificate in the name of any Person other than the registered Holder thereof,
provided that if box (3) or (4) is checked, the Company and the Trustee may require, prior to
registering any such transfer of the Securities, in their sole discretion, such legal opinions,
certifications and other information as may reasonably be required in order to determine that such
transfer is being made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities laws.

     If none of the foregoing boxes is checked, the Trustee or Security Registrar shall not be
obligated to register this Security in the name of any Person other than the Holder hereof unless
and until the conditions to any such transfer of registration set forth herein and in Section 3.09
of the Indenture shall have been satisfied.

	 	 	 	 	 
	 	 	 
	Date:
            
        
        
                
         	Signed:  	 	 
	 	 	(Sign exactly as your name appears on the other side of this Security) 	 

     Signature Guarantee:                                                             

Note: Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Security Registrar, which requirements include membership or participation in
the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Security Registrar in addition to, or in substitution for, STAMP, all
in accordance with the Securities Exchange Act of 1934, as amended.

 

 

TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED

     The undersigned represents and warrants that it is purchasing this Security for its own
account or an account with respect to which it exercises sole investment discretion and that it and
any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the
Securities Act and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Company as the undersigned has
requested pursuant to Rule 144A or has determined not to request such information and that it is
aware that the transferor is relying upon the undersigned’s foregoing representations in order to
claim the exemption from registration provided by Rule 144A.

Date:               
               
                
                   
     
     
     
     
     
     
     
     
     
           Signed:           
          
        
            
     
     

     NOTICE: To be executed by an executive officer.

 

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY

     The initial principal amount of this Global Security is $30,000,000 (THIRTY MILLION DOLLARS).
The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	 	 	Amount of	 	 	 	 	 	 
	 	 	decrease in	 	Amount of increase	 	Principal Amount of	 	 
	 	 	Principal Amount	 	in Principal Amount	 	this Global Security	 	 
	Date of	 	of this Global	 	of this Global	 	following such	 	Signature of authorized officer of
	Exchange	 	Security	 	Security	 	decrease or increase	 	Trustee or Securities Custodian
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 

 

 

FORM OF FUNDAMENTAL CHANGE PURCHASE NOTICE

To: Grubb & Ellis Company

     The undersigned registered Holder of this Security hereby acknowledges receipt of a notice
from Grubb & Ellis Company (the “Company”) as to the occurrence of a Fundamental Change with
respect to the Company and requests and instructs the Company to repurchase this Security, or the
portion hereof (which is $1,000 principal amount or an integral multiple thereof) designated below,
in accordance with the terms of this Indenture referred to in this Security and directs that the
check or wire or other electronic funds transfer of the Company in payment for this Security or the
portion thereof and any portion of this Security representing any unrepurchased principal amount
hereof be issued and delivered to the registered Holder hereof unless a different name has been
indicated below. If any portion of this Security not repurchased is to be issued in the name of a
Person other than the undersigned, the undersigned shall pay all transfer taxes payable with
respect thereto.

     Principal amount to be repurchased (if less than all):

     $                                                            

     Certificate number (if Securities in certificated form):

                                                                       

	 	 	 	 	 
	 	 	 
	Dated:                                          	Signed:  	 	 
	 	 	(Sign exactly as your name appears on the 	 
	 	 	other side of this Security) 	 

	 	 	 	 	 
	 	 	 
	 	Signature Guarantee:  	 	 
	 	 	(Signature must be guaranteed by a participant in a recognized Signature Guarantee Medallion
Program or other signature guarantor program
reasonably acceptable to the Trustee) 	 

     Fill in if a check is to be issued, or Securities are to be issued, other than to and in the
name of registered holder:

(Name)

(Street Address)

	 	 	 

	 

	 	 
	(City, state and zip code)

	 	Social Security or Other Taxpayer Number
	Please print name and address
	 	 

 

 

FORM OF CONVERSION NOTICE

To: Grubb & Ellis Company

     The undersigned registered Holder of this Security hereby exercises the option to convert this
Security, or portion hereof (which is $1,000 principal amount or an integral multiple thereof)
designated below, for shares of the Common Stock of Grubb & Ellis Company, in accordance with the
terms of this Indenture referred to in this Security, and directs that the shares issuable and
deliverable upon such conversion, cash in lieu of fractional shares and any portion of this
Security representing any unconverted principal amount hereof, be issued and delivered to the
registered Holder hereof unless a different name has been indicated below. If shares or any portion
of this Security not converted are to be issued in the name of a Person other than the undersigned,
the undersigned shall pay all transfer taxes payable with respect thereto. Any amount required to
be paid by the undersigned on account of interest accompanies this Security. The undersigned
acknowledges that the conversion of the specified Securities is subject to the requirements
established by the Company in this Indenture, as applicable, as well as the procedures of any
Depositary, each as in effect from time to time.

     In addition, the undersigned certifies that the issuance of shares of Common Stock pursuant to
this conversion notice will not cause the undersigned to become, directly or indirectly, a
“beneficial owner” (within the meaning of Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder) of more than 14.99% of the shares of Common Stock outstanding
at such time. Any purported delivery of shares of Common Stock upon conversion of the Securities
shall be void and have no effect to the extent (but only to the extent) that such delivery would
result in the undersigned becoming the beneficial owner of more than 14.99% of the shares of Common
Stock outstanding at such time. If any delivery of shares of Common Stock owed to the undersigned
upon conversion of the Securities is not made, in whole or in part, as a result of this limitation,
the Company’s obligation to make such delivery shall not be extinguished and the Company shall
deliver such shares as promptly as practicable after the undersigned gives notice to the Company
that such delivery would not result in it being the beneficial owner of more than 14.99% of the
shares of Common Stock outstanding at such time.

     This notice shall be deemed to be an irrevocable exercise of the option to convert this
Security.

     Principal amount to be converted (if less than all):

     
$[           
         
     
     
     ]

	 	 	 	 	 
	 	 	 
	Dated:       
     
     
              
              
       	Signed:  	
 	 
	 	 	(Sign exactly as your name appears on the other side of this Security) 	 

	 	 	 	 	 
	 	 	 
	 	Signature Guarantee:  	 	 
	 	 	(Signature must be guaranteed by a participant in a recognized Signature Guarantee Medallion
Program or other signature guarantor program reasonably
acceptable to the Trustee)	 

 

 

     Fill in if a check is to be issued, or Securities are to be issued, other than to and in the
name of registered holder:

(Name)

(Street Address)

	 	 	 

	 

	 	 
	(City, state and zip code)

	 	Social Security or Other Taxpayer Number
	Please print name and addressexv10w77

Exhibit 10.77

AMENDMENT NO. 3 TO CREDIT AGREEMENT

     AMENDMENT NO. 3 dated as of June 22, 2010 (the “Amendment”) to the Second Amended and
Restated Credit, Security, Pledge and Guaranty and Agreement dated as of July 25, 2008 (as amended,
supplemented or otherwise modified, renewed or replaced from time to time, the “Credit
Agreement”) among (i) LIONS GATE ENTERTAINMENT INC., LIONS GATE UK LIMITED AND LIONS GATE
AUSTRALIA PTY LIMITED, as Borrowers (collectively, the “Borrowers”), (ii) the GUARANTORS
referred to herein, (iii) the LENDERS referred to therein (each, a “Lender,” and
collectively, the “Lenders”) (iv) JPMORGAN CHASE BANK, N.A., as Administrative Agent (in
such capacity, the “Administrative Agent”) and as Issuing Bank and (v) WACHOVIA BANK, N.A.,
as Syndication Agent.

     The Borrowers have requested, and the Administrative Agent and the Lenders have agreed, to
amend the Credit Agreement as set forth herein.

     Therefore, the parties hereto hereby agree as follows:

     1. Defined Terms. All terms used but not otherwise defined herein have the
meanings assigned to them in the Credit Agreement.

     2. Amendments to Credit Agreement. Subject to the satisfaction of the
conditions precedent set forth in Section 3 below, the Credit Agreement is hereby amended
as of the Effective Date (as defined below) as follows:

          (a) The definition of “Change in Control” in Article 1 of the Credit Agreement is
hereby amended by deleting the figure “20%” in the fourth line thereof and replacing it with the
following figure “50%”.

          (b) The definition of “Change in Management” in Article 1 of the Credit Agreement is
hereby amended by deleting the words “any three of (i) Jon Feltheimer, (ii) Michael Burns, (iii)
Joseph Drake or (iv) Steven Beeks” in the first two lines thereof and replacing them with the
following:

“either (i) both Jon Feltheimer and Michael Burns or (ii) all four of Joseph
Drake, Steven Beeks, Kevin Beggs and Michael Paseornek”.

     3. Conditions to Effectiveness. The provisions of Section 2 of this
Amendment shall not become effective until the date upon which all of the following conditions
precedent have been satisfied (such date, the “Effective Date”):

          (a) the Administrative Agent shall have received counterparts of this Amendment which, when
taken together, bear the signatures of the Borrowers, each of the Guarantors and each of the
Required Lenders;

          (b) the Administrative Agent shall have received from the Borrowers (for the benefit of each
Lender that has executed and delivered to the Administrative Agent a counterpart to this Amendment
at or prior to 5:00pm (New York City time) on June 23, 2010) an amount equal to 0.08% of each such
consenting Lender’s Commitment (the “Amendment Fee”);

 

 

          (c) the payment of all fees and expenses (including, without limitation, fees and
disbursements of counsel and consultants retained by the Administrative Agent) due and payable by
any Credit Party to the Administrative Agent and/or the Lenders pursuant to the Credit Agreement or
any other Fundamental Document; and

          (d) all legal matters incident to this Amendment shall be satisfactory to Morgan, Lewis &
Bockius LLP, counsel for the Administrative Agent.

     4. Representations and Warranties. Each Credit Party represents and
warrants that:

          (a) after giving effect to this Amendment, the representations and warranties contained in the
Credit Agreement are true and correct in all material respects on and as of the date hereof as if
such representations and warranties had been made on and as of the date hereof (except to the
extent that any such representations and warranties specifically relate to an earlier date); and

          (b) after giving effect to this Amendment, no Default or Event of Default will have occurred
and be continuing on and as of the date hereof.

     5. Fundamental Document. The parties acknowledge that this Amendment is a
Fundamental Document.

     6. Full Force and Effect. Except as expressly amended hereby, the Credit
Agreement (as previously amended) shall continue in full force and effect in accordance with the
provisions thereof on the date hereof. As used in the Credit Agreement, the terms “Agreement,”
“this Agreement,” “this Credit Agreement,” “herein,” “hereafter,” “hereto,” “hereof” and words of
similar import shall mean, unless the context otherwise requires, the Credit Agreement as amended
by this Amendment. This Amendment shall not be construed as extending to any other matter, similar
or dissimilar, or entitling the Credit Parties to any future amendments regarding similar matters
or otherwise.

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

     8. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute but one instrument.

     9. Expenses. The Borrowers agree to pay all out-of-pocket expenses incurred
by the Administrative Agent in connection with the preparation, enforcement, waiver or
modification, execution and delivery of this Amendment, including, but not limited to, the
reasonable fees and disbursements of counsel for the Administrative Agent.

     10. Headings. The headings of this Amendment are for the purposes of
reference only and shall not affect the construction of this Amendment.

[Signatures Begin on Next Page]

2

 

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

	 	 	 	 	 
	 	BORROWERS:

LIONS GATE ENTERTAINMENT INC.

 	 
	 	By:  	/s/ Wayne Levin
 	 
	 	 	Name:  	Wayne Levin 	 
	 	 	Title:  	 	 
	 
	 	LIONS GATE UK LIMITED (formerly Redbus Film
Distribution Limited)

 	 
	 	By:  	/s/ Wayne Levin
 	 
	 	 	Name:  	Wayne Levin 	 
	 	 	Title:  	 	 
	 
	 	LIONS GATE AUSTRALIA PTY LIMITED

 	 
	 	By:  	/s/ Wayne Levin
 	 
	 	 	Name:  	Wayne Levin 	 
	 	 	Title:  	 	 
	 

[Signature Page to Amendment No. 3]

 

 

	 	 	 	 	 
	 	GUARANTORS:

100 PLUS PRODUCTIONS, INC.

ALL ABOUT US PRODUCTIONS INC.

ARIMA INC.

ARTISAN ENTERTAINMENT INC.

ARTISAN FILMED PRODUCTIONS, INC.

ARTISAN HOME ENTERTAINMENT INC.

ARTISAN PICTURES INC.

ARTISAN RELEASING INC.

BABE RUTHLESS PRODUCTIONS, LLC

BACKSEAT PRODUCTIONS, LLC

BASTER PRODUCTIONS, LLC

BD OPTICAL MEDIA, INC.

BLITZ DISTRIBUTION LIMITED

BLITZ FILMS LIMITED

BLUE MOUNTAIN STATE PRODUCTIONS CORP.

BURROWERS PRODUCTIONS INC.

CORNFIELD PRODUCTIONS, LLC

CRASH TELEVISION PRODUCTIONS INC.

CRASH 2 TELEVISION PRODUCTIONS INC.

CUPID PRODUCTIONS INC.

DANCING ELK PRODUCTIONS INC.

DEAD ZONE PRODUCTION CORP.

DEBMAR MERCURY INTERNATIONAL LIMITED (UK)

DEBMAR/MERCURY LLC

DEBMAR/MERCURY (WW) PRODUCTIONS, LLC

DEBMAR STUDIOS INC.

DJM SERVICES INC.

DRESDEN FILES PRODUCTIONS CORP.

DRESDEN FILES PRODUCTIONS I CORP.

FEAR ITSELF PRODUCTIONS CORP.

FILM HOLDINGS CO.

FIVE DAYS PRODUCTIONS CORP.

GC FILMS, INC.

GC SHORT FILMS, INC.

HEART FRANK, INC.

HIGHER POST, LLC

HORSEMEN PRODUCTIONS, LLC

INVISIBLE CASTING INC.

ISH PROJECTS, LLC

ISH TELEVISION DEVELOPMENT, LLC

IWC PRODUCTIONS, LLC

JV1 ISH, LLC

KILL PIT PRODUCTIONS INC.

LANDSCAPE ENTERTAINMENT CORP.

LG HORROR CHANNEL HOLDINGS LLC

LG PICTURES INC.

LIONS GATE ENTERTAINMENT CORP.

LIONS GATE FILMS INC.

 	 
	 	 	 
	 

[Signature Page to Amendment No. 3]

 

 

	 	 	 	 	 
	 	LIONS GATE FILMS OF PUERTO RICO

LIONS GATE FILMS PRODUCTIONS CORP./
     PRODUCTIONS FILMS LIONS GATE S.A.R.F.

LIONS GATE HOME ENTERTAINMENT UK LIMITED

LIONS GATE INDIA, INC.

LIONS GATE MANDATE FINANCING VEHICLE, INC.

LIONS GATE MUSIC CORP.

LIONS GATE MUSIC INC.

LIONS GATE MUSIC PUBLISHING LLC

LIONS GATE ONLINE SHOP INC.

LIONS GATE PENNSYLVANIA, INC.

LIONS GATE PICTURES UK LIMITED

LIONS GATE RECORDS, INC.

LIONS GATE SPIRIT HOLDINGS, LLC

LIONS GATE TELEVISION DEVELOPMENT LLC

LIONS GATE TELEVISION INC.

LIONS GATE X PRODUCTIONS LLC

LUCKY 7 PRODUCTIONS CORP.

MANDATE FILMS, LLC

MANDATE INTERNATIONAL, LLC

MANDATE PICTURES LLC

MOTHER PRODUCTIONS CORP.

MQP, LLC

NEXT PRODUCTION INC.

NGC FILMS, INC.

NURSE PRODUCTIONS, INC.

PEARL RIVER HOLDINGS CORP.

PGH PRODUCTIONS, INC.

PLANETARY PRODUCTIONS, LLC

PLAYLIST, LLC

POWER MONGERING DESPOT, INC.

PRODUCTION MANAGEMENT INC.

PROFILER PRODUCTIONS CORP.

PSYCHO PRODUCTIONS SERVICES CORP.

R & B PRODUCTIONS, INC.

SCREENING ROOM, INC.

SILENT DEVELOPMENT CORP.

SKILLPA PRODUCTIONS, LLC

SS3 PRODUCTIONS, INC.

TALK PRODUCTIONS CORP.

TED PRODUCTIONS, INC.

TERRESTRIAL PRODUCTIONS CORP.

TOUCH PRODUCTIONS CORP.

U.R.O.K. PRODUCTIONS INC.

VERDICT PRODUCTIONS, INC.

VESTRON INC.

WEEDS PRODUCTIONS INC.

WILDE KINGDOM PRODUCTIONS CORP.

 	 
	 	 	 
	 

[Signature Page to Amendment No. 3]

 

 

	 	 	 	 	 	 
	 	WILDFIRE PRODUCTIONS INC.

WILDFIRE 2 PRODUCTIONS INC.

WILDFIRE 3 PRODUCTIONS INC.

WILDFIRE 4 PRODUCTIONS INC.

 	 
	 	By:  	/s/ Wayne Levin
 	 
	 	 	Name:  	Wayne Levin 	 
	 	 	Title:  	 	 
	 
	 	BLAIR WITCH FILM PARTNERS LTD.
 	 
	 	By:  	Artisan Filmed Productions Inc.
 	 
	 	Its:  	General Partner 	 
	 
	 	 	By:  	     /s/ Wayne Levin
 	 
	 	 	Name:  	Wayne Levin 	 
	 	 	Title:  	 	 
	 

[Signature Page to Amendment No. 3]

 

 

	 	 	 	 	 
	 	LENDERS:

JPMORGAN CHASE BANK, N.A.

individually and as Administrative Agent

 	 
	 	By:  	/s/ Kin W. Cheng
 	 
	 	 	Name:  	Kin W. Cheng 	 
	 	 	Title:  	Vice President 	 
	 
	 	J.P. MORGAN EUROPE LTD, as UK Lender

 	 
	 	By:  	/s/ Kin W. Cheng
 	 
	 	 	Name:  	Kin W. Cheng 	 
	 	 	Title:  	Vice President 	 
	 
	 	WACHOVIA BANK, N.A.

individually and as Syndication Agent

 	 
	 	By:  	/s/ Christine P. Ball
 	 
	 	 	Name:  	Christine P. Ball 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	CITIBANK, N.A.

 	 
	 	By:  	/s/ Thomas P, Garry, Jr.
 	 
	 	 	Name:  	Thomas P, Garry, Jr. 	 
	 	 	Title:  	Sr. Vice President 	 
	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Christian A. Bowers
 	 
	 	 	Name:  	Christian A. Bowers 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	UNION BANK, N.A.

 	 
	 	By:  	/s/ Brian Stearns
 	 
	 	 	Name:  	Brian Stearns 	 
	 	 	Title:  	Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Jodi Chong
 	 
	 	 	Name:  	Jodi Chong 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[Signature Page to Amendment No. 3]

 

 

	 	 	 	 	 
	 	CITY NATIONAL BANK

 	 
	 	By:  	/s/ Norman B. Starr
 	 
	 	 	Name:  	Norman B. Starr 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	FIRST BANK

 	 
	 	By:  	/s/ David C. Walker
 	 
	 	 	Name:  	David C. Walker 	 
	 	 	Title:  	Vice President 	 
	 
	 	CALIFORNIA BANK & TRUST

 	 
	 	By:  	/s/ Robert F. Edmonds
 	 
	 	 	Name:  	Robert F. Edmonds 	 
	 	 	Title:  	SVP 	 
	 
	 	ISRAEL DISCOUNT BANK OF NEW YORK

 	 
	 	By:  	/s/ Michael Paul
 	 
	 	 	Name:  	Michael Paul 	 
	 	 	Title:  	First Vice President 	 
	 
	 	NATIXIS

 	 
	 	By:  	/s/ Peter van Tudler
 	 
	 	 	Name:  	Peter van Tulder 	 
	 	 	Title:  	Managing Director 	 
	 
	 	MANUFACTURERS BANK

 	 
	 	By:  	/s/ Maureen Kelly
 	 
	 	 	Name:  	Maureen Kelly 	 
	 	 	Title:  	Vice President 	 
	 
	 	CITY NATIONAL BANK, a national banking association
(“CNB”) as acquirer of certain assets from the
Federal Deposit Insurance Corporation acting as
receiver of Imperial Capital Bank

 	 
	 	By:  	/s/ Norman B. Starr
 	 
	 	 	Name:  	Norman B. Starr 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Amendment No. 3]

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