Document:

Unassociated Document

    THE
      SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933 (THE "SECURITIES ACT", AND ARE PROPOSED TO BE ISSUED IN RELIANCE UPON
      AN
      EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED
      BY
      REGULATION S PROMULGATED UNDER THE SECURITIES ACT. UPON ANY SALE, SUCH
      SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED
      IN
      THE UNITED STATES OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS
      OF
      REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT,
      OR
      PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.
      HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
      COMPLIANCE WITH THE SECURITIES ACT.

     

    REGULATION
      S SUBSCRIPTION AGREEMENT

     

    THIS
      AGREEMENT is made
      effective as of the ___ day of January 2008.

     

    BETWEEN:                                               PURCHARGERS,  accredited
      investors who are not residents in the United State. 
      	    		    (hereinafter called the "Subscriber") 

    

     

    OF
      THE FIRST PART

     

    AND:

     

    SUNRISE
      MINING CORPORATION, a Nevada corporation with address at: 1108 West
      Valley Blvd, STE 6-399, Alhambra, CA 9180, United States

     

    (hereinafter
      called the "Corporation")

     

    OF
      THE SECOND PART

     

    THE
      PARTIES HEREBY AGREE AS
      FOLLOWS :

     

    1.                     
      DEFINITIONS

     

    1.1                    The
      following terms will have the following meanings for all purposes of this
      Agreement.

    

    
      	
            	
              (a)

            	
              "Agreement"
                means this Agreement, and all schedules and amendments to in the
                Agreement.

            
	
            	
            	
            
	
            	
              (b)

            	
              "Common
                Stock" means the shares of Common Stock of the Corporation, $0.001
                par
                value per share.

            
	
            	
            	
            
	
            	
              (c)

            	
              "Exchange
                Act" means the United States Securities Exchange Act of 1934, as
                amended.

            
	
            	
            	
            
	
            	
              (d)

            	
              "Subscriber"
                means the Subscriber executing the signature page to this
                Agreement.

            
	
            	
            	
            
	
            	
              (e)

            	
              "Offering"
                means the offering of the Units by the
                Corporation.

            

    

     

    
1
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              (f)

            	
              "Purchase
                Price" means the purchase price payable by the Subscriber to the
                Corporation in consideration for the purchase and sale of the Units
                in
                accordance with Section 2.1 of this Agreement.

            
	
            	
            	
            
	
            	
              (g)

            	
              "SEC"
                means the United States Securities and Exchange
                Commission.

            
	
            	
            	
            
	
            	
              (h)

            	
              "Securities
                Act" means the United States Securities Act of 1933, as
                amended.

            
	
            	
            	
            
	
            	
              (i)

            	
              "Shares"
                means those shares of Common Stock to be purchased by the Subscriber
                and
                comprising a portion of the Units.

            
	
            	
            	
            
	
            	
              (j)

            	
              "Unit"
                means a unit consisting of one (1) Share and one (1)
                Warrant.

            
	
            	
            	
            
	
            	
              (k)

            	
              "Warrant"
                means one full share purchase warrant entitling the Holder to purchase
                one
                Share at a price of $.10 per share during the period from the date
                of
                issue to the date that is three (3) years from the date of
                issue.

            
	
            	
            	
            
	
            	
              (l)

            	
              "Warrant
                Shares" means the Common Stock issuable upon exercise of the
                Warrants.

            

    

     

    1.2                    All
      dollar amounts referred to in this agreement are in United States currency,
      unless expressly stated otherwise.

     

    2.                     
      PURCHASE AND SALE OF
      UNITS

     

    2.1                    Subject
      to the terms and conditions of this Agreement, the Subscriber hereby subscribes
      for and agrees to purchase from the Corporation such number of Units as is
      set
      forth upon the signature page hereof at a price equal to $.04 per Unit. Upon
      execution, the subscription by the Subscriber will be irrevocable.

     

    2.2                    The
      Purchase Price is payable by the Subscriber on execution of this Subscription
      Agreement and will be advanced to the Corporation.

     

    2.3                   
      Upon execution by the Corporation, the Corporation agrees to sell such Units
      to
      the Subscriber for the Purchase Price subject to the Corporation's right to
      sell
      to the Subscriber such lesser number of Units as it may, in its sole discretion,
      deem necessary or desirable.

     

    2.4                    Any
      acceptance by the Corporation of the Subscription is conditional upon compliance
      with all securities laws and other applicable laws of the jurisdiction in which
      the Subscriber is resident. Each Subscriber will deliver to the Corporation
      all
      other documentation, agreements, representations and requisite government forms
      required by the lawyers for the Corporation as required to comply with all
      securities laws and other applicable laws of the jurisdiction of the
      Subscriber.

     

    2.5                    Pending
      acceptance of this subscription by the Corporation, all funds paid by the
      Subscriber shall be deposited by the Corporation and immediately available
      to
      the Corporation for its corporate purposes. In the event the subscription is
      not
      accepted, the subscription funds will constitute a non-interest bearing demand
      loan of the Subscriber to the Corporation.

     

    2.6                   
      The Subscriber hereby authorizes and directs the Corporation to deliver the
      securities to be issued to such Subscriber to the Subscriber's address for
      notice indicated in Section 5.1 of this Agreement.

     

     

    2

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    2.7                   
      The Subscriber acknowledges and agrees that the subscription for the Units
      and
      the Corporation's acceptance of the subscription is not subject to any minimum
      subscription for the Offering.

     

    2.8                   
      The Subscriber acknowledges and agrees that no underwriters were used in
      connection with this private placement and no commission was incurred in
      connection with this private placement.   .

     

    3.                     
      REGULATION S AGREEMENTS OF
      THE
      SUBSCRIBER

     

    3.1                    The
      Subscriber represents and warrants to the Corporation that the Subscriber is
      not
      a "U.S. Person" as defined by Regulation S of the Securities Act and is not
      acquiring the Units for the account or benefit of a U.S. Person.

     

    A
      "U.S. Person" is defined by Regulation S of the Securities Act to be any person
      who is:

    

    
      	
            	
              (a)

            	
              any
                natural person resident in the United States;

            
	
            	
            	
            	
            
	
            	
              (b)

            	
              any
                partnership or corporation organized or incorporated under the laws
                of the
                United States;

            
	
            	
            	
            	
            
	
            	
              (c)

            	
              any
                estate of which any executor or administrator is a U.S.
                person;

            
	
            	
            	
            	
            
	
            	
              (d)

            	
              any
                trust of which any trustee is a U.S. person;

            
	
            	
            	
            	
            
	
            	
              (e)

            	
              any
                agency or branch of a foreign entity located in the United
                States;

            
	
            	
            	
            	
            
	
            	
              (f)

            	
              any
                non-discretionary account or similar account (other than an estate
                or
                trust) held by a dealer or other fiduciary organized, incorporate,
                or (if
                an individual) resident in the United States; and

            
	
            	
            	
            	
            
	
            	
              (g)

            	
              any
                partnership or corporation if:

            
	
            	
            	
            	
            
	
            	 	
              (i)

            	
              organized
                or incorporated under the laws of any foreign jurisdiction;
                and

            
	
            	
            	
            	
            
	
            	 	
              (ii)

            	
              formed
                by a U.S. person principally for the purpose of investing in securities
                not registered under the Securities Act, unless it is organized or
                incorporated, and owned, by accredited Subscribers [as defined in
                Section
                230.501(a) of the Securities Act] who are not natural persons, estates
                or
                trusts.

            

    

     

    3.2                   
      The Subscriber acknowledges that the Subscriber was not in the United States
      at
      the time the offer to purchase the Units was received.

     

    3.3                   
      The Subscriber acknowledges that the Units, the Shares the Warrants and the
      Warrant Shares are "restricted securities" within the meaning of the Securities
      Act and will be issued to the Subscriber in accordance with Regulation S of
      the
      Securities Act.

     

    3.4                   
      The Subscriber agrees not to engage in hedging transactions with regard to
      the
      Units, the Shares, the Warrants or the Warrant Shares unless in compliance
      with
      the Securities Act.

     

     

    3

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.5                    The
      Subscriber and the Corporation agree that the Corporation will refuse to
      register any transfer of the Units, the Shares, the Warrants or the Warrant
      Shares not made in accordance with the provisions of Regulation S of the
      Securities Act, pursuant to registration under the Securities Act, pursuant
      to
      an available exemption from registration, or pursuant to this
      Agreement.

     

    3.6                    The
      Subscriber agrees to resell the Units, the Shares, the Warrants and the Warrant
      Shares only in accordance with the provisions of Regulation S of the Securities
      Act, pursuant to registration under the Securities Act, or pursuant to an
      available exemption from registration pursuant to the Securities
      Act.

     

    3.7                    The
      Subscriber acknowledges and agrees that all certificates representing the Units,
      the Shares, the Warrants and the Warrant Shares will be endorsed with the
      following legend in accordance with Regulation S of the Securities
      Act:

     

    "THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933 (THE "SECURITIES ACT", AND HAVE BEEN ISSUED IN RELIANCE
      UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
      PROVIDED BY REGULATION S PROMULGATED UNDER THE SECURITIES ACT. SUCH SECURITIES
      MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN
      ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE
      REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
      FROM REGISTRATION UNDER THE SECURITIES ACT. HEDGING TRANSACTIONS INVOLVING
      THE
      SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT."
      

     

    4.                     
      REPRESENTATIONS AND WARRANTIES
      OF THE SUBSCRIBER

     

    The
      Subscriber, represents and warrants to the Corporation as follows, and
      acknowledges that the Corporation is relying upon such covenants,
      representations and warranties in connection with the sale of the Units to
      such
      Subscriber:

     

    4.1                    The
      Subscriber is an investor in securities of companies in the development stage
      and acknowledges that it is able to fend for itself, can bear the economic
      risk
      of its investment, and has such knowledge and experience in financial or
      business matters such that it is capable of evaluating the merits and risks
      of
      the investment in the Units. The Subscriber can bear the economic risk of this
      investment, and was not organized for the purpose of acquiring the
      Units.

     

    4.2                    The
      Subscriber has had full opportunity to review the Corporation's filings with
      the
      SEC pursuant to the Exchange Act, including the Corporation's annual reports
      on
      Form 10-KSB and quarterly reports on Form 10-QSB, and additional information
      regarding the business and financial condition of the Corporation. The
      Subscriber believes it has received all the information it considers necessary
      or appropriate for deciding whether to purchase the Units. The Subscriber
      further represents that it has had an opportunity to ask questions and receive
      answers from the Corporation regarding the terms and conditions of the Offering
      and the business, properties, prospects and financial condition of the
      Corporation. The Subscriber has had full opportunity to discuss this information
      with the Subscriber's legal and financial advisers prior to execution of this
      Agreement.

     

    4.3                    The
      Subscriber believes it has received all the information it considers necessary
      or appropriate for deciding whether to purchase the Units. The Subscriber
      further represents that it has had an opportunity to ask questions and receive
      answers from the Corporation regarding the terms and conditions of the Offering
      and the business, properties, prospects and financial condition of the
      Corporation. The Subscriber has had full opportunity to discuss this information
      with the Subscriber's legal and financial advisers prior to execution of this
      Agreement.

     

     

    4

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.4                   
      The Subscriber acknowledges that the offering of the Units by the Corporation
      has not been reviewed by the SEC and that the Units are being issued by the
      Corporation pursuant to an exemption from registration under the Securities
      Act.

     

    4.5                    The
      Subscribers understands that the Units it is purchasing are characterized as
      "restricted securities" under the Securities Act inasmuch as they are being
      acquired from the Corporation in a transaction not involving a public offering
      and that under such laws and applicable regulations such securities may be
      resold without registration under the Securities Act only in certain limited
      circumstances. In this connection, the Subscriber represents that it is familiar
      with SEC Rule 144, as presently in effect, and understands the resale
      limitations imposed thereby and by the Securities Act.

     

    4.6                   
      The Units will be acquired by the Subscriber for investment for the Subscriber's
      own account, not as a nominee or agent, and not with a view to the resale or
      distribution of any part thereof, and that the Subscriber has no present
      intention of selling, granting any participation in, or otherwise distributing
      the same. The Subscriber does not have any contract, undertaking, agreement
      or
      arrangement with any person to sell, transfer or grant participations to such
      person or to any third person, with respect to any of the Units.

     

    4.7                    An
      investment in the Corporation is highly speculative and only Subscribers who
      can
      afford the loss of their entire investment should consider investing in the
      Corporation and the Units. The Subscriber is financially able to bear the
      economic risks of an investment in the Corporation.

     

    4.8                    The
      Subscriber recognizes that the purchase of the Units involves a high degree
      of
      risk in that the Corporation is in the early stages of development of its
      business and may require substantial funds in addition to the proceeds of this
      private placement.

     

    4.9                   
      The Subscriber is not aware of any advertisement of the Units.

     

    4.10                  This
      Agreement has been duly authorized, validly executed and delivered by the
      Subscriber.

     

    4.11                 
      The Subscriber has satisfied himself or herself as to the full observance of
      the
      laws of his or her jurisdiction in connection with any invitation to subscribe
      for the Units or any use of this Agreement, including (i) the legal requirements
      within his jurisdiction for the purchase of the Units; (ii) any foreign exchange
      restrictions applicable to such purchase; (iii) any governmental or other
      consents that may need to be obtained; (iv) the income tax and other tax
      consequences, if any, that may be relevant to an investment in the Units; and
      (v) any restrictions on transfer applicable to any disposition of the Units
      imposed by the jurisdiction in which the Subscriber is resident.

     

    5.                     
      MISCELLANEOUS

     

    5.1                    Any
      notice or other communication given hereunder shall be deemed sufficient if
      in
      writing and sent by registered or certified mail, return receipt requested,
      addressed to the Corporation, at its corporate office at 1108 West Valley Blvd
      STE 6-399, Alhambra, CA 91803, United States, Attention: Investor Relationship,
      and to the Subscriber at his address provided in 5.3. of this
      agreement. Notices shall be deemed to have been given on the date of
      mailing, except notices of change of address, which shall be deemed to have
      been
      given when received.

     

     

    5

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

    

    5.2                   
      The parties agree to execute and deliver all such further documents, agreements
      and instruments and take such other and further action as may be necessary
      or
      appropriate to carry out the purposes and intent of this Subscription
      Agreement.

     

    5.3                    Notwithstanding
      the place where this Subscription Agreement may be executed by any of the
      parties hereto, the parties expressly agree that all the terms and provisions
      hereof shall be construed in accordance with and governed by the laws of the
      State of Nevada.

     

    IN
      WITNESS WHEREOF, this
      Subscription Agreement is executed as of the day and year first written
      above.

    

    
      	
              Number
                of Units Subscribed For:

            	
               

            
	
            	
            
	
              Signature
                of Subscriber or

            	
            
	
              Authorized
                Signatory for Subscriber:

            	
            
	
              (if
                Subscriber is not an individual)

            	
               

            
	
            	
            
	
              Name
                of Authorized Signatory for Subscriber:

            	
            
	
              (if
                Subscriber is not an individual)

            	 
	
            	
            
	
              Name
                of Subscriber:

            	 
	
            	
            
	
              Address
                of Subscriber:

            	 
	
            	
            
	
            	 
	
            	
            
	
              Jurisdiction
                of Incorporation of Subscriber:

            	
            
	
              (If
                Subscriber is a Corporation)

            	 
	
            	
            
	
              Registration
                Instructions :

            	
            
	
            	
            
	
              Name:

            	
            
	
            	
            
	
              Account
                Reference (if applicable):

            	
            
	
            	
            
	
              Address

            	
            
	
            	
            
	
            	
            
	
            	
            
	
            	
            
	
              ACCEPTED
                BY:

            	
            
	
            	
            
	
              SUNRISE
                MINING CORPORATION.

            	
            
	
            	
            
	
              Signature
                Of Authorized Signatory:

            	
                                                                            
                :

            
	
            	
            
	
              Name
                of Authorized Signatory:

            	
               

            
	
            	
            
	
               Position
                of Authorized
                Signatory:

            	
               

            
	
            	
            
	
              Date
                of Acceptance:

            	
               

            

    

     

     

     

    
      6MILBANK TWEED DRAFT

Exhibit 10.3

 

AMENDMENT NO. 1

 

AMENDMENT NO. 1 (this "Amendment No. 1") dated as of January 3, 2008 among LEGG MASON, INC. (the "Borrower"), the Lenders executing this Amendment No. 1 on the signature pages hereto and Citibank, N.A., in its capacity as administrative agent (the "Administrative Agent") under the Credit Agreement referred to below.

WHEREAS, the Borrower, the Lenders party thereto and the Administrative Agent are parties to a 5-Year Revolving Credit Agreement dated as of October 14, 2005 (as amended and supplemented and in effect immediately prior to the date hereof, the "Credit Agreement"), providing, subject to the terms and conditions thereof, for revolving credit loans to the Borrower; and

WHEREAS, each of the financial institutions listed under the heading "New Lenders" on the signature pages hereto (each, a "New Lender") wishes to become a party to the Credit Agreement as a "Lender" thereunder with the applicable Commitment set forth in Schedule I attached hereto.

NOW THEREFORE, the parties hereto wish now to amend the Credit Agreement in certain respects, and, accordingly, the parties hereto hereby agree as follows:

Section 1.  Definitions.  Except as otherwise defined in this Amendment No. 1, terms defined in the Credit Agreement are used herein as defined therein.

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent specified in Section 4 below, but effective as of the date hereof, the Credit Agreement shall be amended as follows:

2.01.  References Generally.  References in the Credit Agreement (including references to the Credit Agreement as amended hereby) to "this Agreement" (and indirect references such as "hereunder", "hereby", "herein" and "hereof") shall be deemed to be references to the Credit Agreement as amended hereby.  

2.02.  Certain Defined Terms.  The following definitions set forth in Section 1.01 of the Credit Agreement shall be amended to read in their entirety as follows:

"Amendment No. 1"  means Amendment No. 1 to this Agreement dated as of January 3, 2008 among the Administrative Agent, the Lenders party thereto and the Borrower.

"Amendment No. 1 Effective Date" means January 3, 2008.

"Applicable Facility Fee Rate" means, while any particular Rating Level applies, the rate per annum set forth below opposite the reference to such Rating Level:

	
Rating Level
	
Applicable Facility Fee Rate

	
Rating Level 1
	
0.070%

	
Rating Level 2
	
0.100%

	
Rating Level 3
	
0.125%

-2-

	
Rating Level 4
	
0.150%

	
Rating Level 5
	
0.175%

provided that if at any time the Debt Ratings of Moody's and S&P would lead to different Rating Levels, the "Applicable Facility Fee Rate" will be determined based on the Rating Level one above the lower Rating Level (Rating Level 1 being the highest and Rating Level 5 being the lowest).  Each change in the Applicable Facility Fee Rate resulting from a Rating Level Change shall be effective on the date on which such Rating Level Change is first announced by Moody's or S&P, as the case may be.

"Applicable Margin" means:

(a)  for any Base Rate Loan, 0.000% per annum; and 

(b)  for any Eurodollar Rate Loan and while any particular Rating Level applies, the rate per annum set forth below opposite the reference to such Rating Level:

	
Rating Level
	
Applicable Margin

	
Rating Level 1
	
0.330%

	
Rating Level 2
	
0.400%

	
Rating Level 3
	
0.475%

	
Rating Level 4
	
0.550%

	
Rating Level 5
	
0.700%

provided that if at any time the Debt Ratings of Moody's and S&P would lead to different Rating Levels, the "Applicable Margin" will be determined based on the Rating Level one above the lower Rating Level (Rating Level 1 being the highest and Rating Level 5 being the lowest).  Each change in the Applicable Margin resulting from a Rating Level Change shall be effective on the date on which such Rating Level Change is first announced by Moody's or S&P, as the case may be.

"Commitment" means, with respect to each Lender, the commitment of such Lender to make Loans to the Borrower in an aggregate amount at any one time outstanding up to the amount set forth opposite such Lender's name on Schedule I or, if such Lender has entered into an Assignment and Assumption, set forth for such Lender in the Register, as such amount may be reduced pursuant to Section 2.04(b).  The aggregate amount of the Lenders' Commitments as of the Amendment No. 1 Effective Date is $1,000,000,000.

"Fee Letter" means the Fee Letter dated June 22, 2005, between the Borrower and Citigroup Global Markets Inc., providing for, among other things, the payment of certain fees in connection with this Agreement, and the Fee Letter dated November 26, 2007, between the Borrower and Citigroup Global Markets Inc., providing for, among other things, the payment of certain fees in connection with certain amendments to this Agreement.

"Lender" means each bank or other financial institution listed on the signature pages hereof and each Person that shall become a party hereto pursuant to Section 2.16(b) or 8.06(b).  Unless the context shall otherwise require, on and after the Amendment No. 1 Effective Date, the term "Lender" shall include each New Lender (as defined in Amendment No. 1).

-3-

2.03.  Schedules.  Schedule I of the Credit Agreement is hereby amended in its entirety to read as set forth in Schedule I attached hereto.

Section 3.  Representations and Warranties.  The Borrower represents and warrants to the Lenders (including the New Lenders) and the Administrative Agent, as to itself and each of its subsidiaries, that (a) the representations and warranties set forth in Article IV of the Credit Agreement (except (x) to the extent relating to the class action litigations described in the Form 10-K of the Borrower for the fiscal year ended March 31, 2007, Section 4.01(f)(i) thereof, and (y) to the extent relating to the Transaction Agreement and the transactions contemplated thereby, Section 4.01(f)(ii) thereof, and provided that for purposes of this Section 3, the date referred to in the last sentence of Section 4.01(e) thereof shall be deemed to be March 31, 2007 instead of March 31, 2005), and in each of the other Loan Documents, are true and correct in all material respects on the date hereof as if made on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, such representation or warranty shall be true and correct in all material respects as of such specific date), and as if each reference in said Article IV to "this Agreement" included reference to this Amendment No. 1 and (b) no Default or Event of Default has occurred and is continuing.

Section 4.  Conditions Precedent.  The amendments set forth in Section 2 hereof shall become effective, as of the date hereof, upon satisfaction of the following conditions:

4.01.Execution.  The Administrative Agent shall have received counterparts of this Amendment No. 1 executed by the Borrower, the Lenders party to the Credit Agreement constituting the Majority Lenders, each of the New Lenders and each Lender whose Commitment is increasing pursuant to this Amendment No. 1 (each, an "Increasing Lender").

4.02.Amendment Fees.  The Administrative Agent shall have received for the account of each New Lender and Increasing Lender the fees specified in the Fee Letter dated as of November 26, 2007, as amended, between the Borrower and Citigroup Global Markets Inc.

4.03.Opinion of Counsel to Borrower.  The Administrative Agent shall have received favorable opinions of counsel for the Borrower (which counsel shall be reasonably satisfactory to the Administrative Agent), in form and substance reasonably satisfactory to the Administrative Agent and covering such matters (including as to the enforceability of this Amendment No. 1  and the Credit Agreement as amended hereby, the valid organization, good standing and due authorization of the Borrower, and the lack of any conflicts of the Borrower (including with respect to any material agreements)) as the Administrative Agent shall reasonably request.

4.04.Reallocation of Advances.  If any Loans shall be outstanding, the Borrower shall have borrowed from each of the New Lenders and the Increasing Lenders, and the New Lenders and the Increasing Lenders shall have made Loans to the Borrower (in the case of Eurodollar Rate Loans, with Interest Period(s) ending on the date(s) of any then outstanding Interest Period(s)), and (notwithstanding the provisions of the Credit Agreement requiring that borrowings and prepayments be made ratably in accordance with the principal amounts of the Loans held by the Lenders) the Borrower shall have prepaid Loans held by the Lenders in such amounts as may be necessary, together with any amounts payable under Section 2.17 of the Credit Agreement as a result of such prepayment, so that after giving effect to such Loans and prepayments, the Loans (and Interest Period(s) of Eurodollar Rate Loan(s)) shall be held by the Lenders pro rata in accordance with the respective amounts of their Commitments (as modified hereby).

-4-

4.05. Other Documents.  The Borrower shall have delivered such other documents as the Administrative Agent may reasonably request.

Section 5.  New Lenders.  Upon the satisfaction of the conditions precedent set forth in Section 4 hereof, each New Lender shall be deemed to be, and shall have all of the rights and obligations of, a "Lender" under the Credit Agreement.  

Section 6.  Miscellaneous.  Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect.  This Amendment No. 1 may be executed in any number of counterparts, all of which taken together shall constitute one and the same amendatory instrument and any of the parties hereto may execute this Amendment No. 1 by signing any such counterpart.  Delivery of a counterpart by electronic transmission shall be effective as delivery of a manually executed counterpart hereof.  This Amendment No. 1 shall be governed by, and construed in accordance with, the law of the State of New York.

-5-

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed by their respective authorized officers as of the day and year first above written.

 

 

	
                                          
	
                                         
	
LEGG MASON, INC.

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Charles J. Daley, Jr.

	
	
	
	

	
 
	
 
	
 
	
Name: Charles J. Daley, Jr.

	
 
	
 
	
 
	
Title:  Senior Vice President, Chief 

	
 
	
 
	
 
	
Financial Officer and Treasurer

	 	 	 

-6-

	
                                          
	
                                         
	
CITIBANK, N.A.,

	 	 	
as Administrative Agent

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Kevin A. Ege

	
	
	
	

	
 
	
 
	
 
	
Name: Kevin A. Ege

	
 
	
 
	
 
	
Title: Vice President

-7-

	 	 	
LENDERS

	 	 	 
	
                                          
	
                                         
	
CITIBANK, N.A.,

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Kevin A. Ege

	
	
	
	

	
 
	
 
	
 
	
Name: Kevin A. Ege

	
 
	
 
	
 
	
Title: Vice President

	 	 	 
	 	 	 
	 	 	
BANK OF AMERICA, N.A..

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Hichem Kerma

	
	
	
	

	
 
	
 
	
 
	
Name: Hichem Kerma

	
 
	
 
	
 
	
Title: Assistant Vice President

	 	 	 
	 	 	 
	 	 	
THE BANK OF NEW YORK

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Michael Pensari

	
	
	
	

	
 
	
 
	
 
	
Name: Michael Pensari

	
 
	
 
	
 
	
Title: Vice President

	 	 	 	 
	 	 	 	 
	 	 	
DEUTSCHE BANK AG NEW YORK BRANCH

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Kathleen Bowers

	
	
	
	

	
 
	
 
	
 
	
Name: Kathleen Bowers

	
 
	
 
	
 
	
Title: Director

	 	 	 	 
	 	 	
By:
	
/s/ Valerie Shapiro

	
	
	
	

	
 
	
 
	
 
	
Name: Valerie Shapiro

	
 
	
 
	
 
	
Title: Assistant Vice President

	 	 	 	 
	 	 	 	 
	 	 	
JPMORGAN CHASE BANK, N.A.

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ James R. Coffman

	
	
	
	

	
 
	
 
	
 
	
Name: James R. Coffman

	
 
	
 
	
 
	
Title: Executive Director

	 	 	 	 
	 	 	 	 
	 	 	
STATE STREET BANK AND TRUST COMPANY

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ James H. Reichert

	
	
	
	

	
 
	
 
	
 
	
Name: James H. Reichert

	
 
	
 
	
 
	
Title: Vice President

	 	 	 	 

-8-

	 	 	
MERRILL LYNCH BANK USA

	
 
	
 
	
 
	
 

	 	 	
By:
	
/s/ Louis Alder

	
	
	
	

	
 
	
 
	
 
	
Name: Louis Alder

	
 
	
 
	
 
	
Title: Director

	 	 	 
	 	 	 
	 	 	
SUMITOMO MITSUI BANKING CORPORATION

	 	 	 
	 	 	
By:
	
/s/ William M. Ginn

	
	
	
	

	
 
	
 
	
 
	
Name: William M. Ginn

	
 
	
 
	
 
	
Title: Executive Officer and

General Manager

	 	 	 	 
	 	 	 	 
	 	 	
RBS CITIZENS, NATIONAL ASSOCIATION

	 	 	 
	 	 	
By:
	
/s/ Cindy Chen

	
	
	
	

	
 
	
 
	
 
	
Name: Cindy Chen

	
 
	
 
	
 
	
Title: Senior Vice President

	 	 	 	 
	 	 	 	 
	 	 	
MANUFACTURERS & TRADERS TRUST CO.

	 	 	 
	 	 	
By:
	
/s/ Lynn S. Manthy

	
	
	
	

	
 
	
 
	
 
	
Name: Lynn S. Manthy

	
 
	
 
	
 
	
Title: Assistant Vice President

	 	 	 	 
	 	 	 	 
	 	 	
PNC BANK, NATIONAL ASSOCIATION

	 	 	 
	 	 	
By:
	
/s/ Kirk Seagers

	
	
	
	

	
 
	
 
	
 
	
Name: Kirk Seagers

	
 
	
 
	
 
	
Title: Vice President

	 	 	 	 
	 	 	 	 
	 	 	
WELLS FARGO BANK, NATIONAL ASSOCIATION

	 	 	 
	 	 	
By:
	
/s/ Robert P. Fialkowski

	
	
	
	

	
 
	
 
	
 
	
Name: Robert P. Fialkowski

	
 
	
 
	
 
	
Title: Senior Vice President

	 	 	 	 

-9-

	 	 	
NEW LENDERS

	 	 	 
	 	 	
HSBC BANK USA, NATIONAL

ASSOCIATION

	 	 	 
	 	 	
By:
	
/s/ Jay Lipman

	
	
	
	

	
 
	
 
	
 
	
Name: Jay Lipman

	
 
	
 
	
 
	
Title: Vice President

	 	 	 	 
	 	 	 	 
	 	 	
CREDIT SUISSE, CAYMAN ISLANDS

BRANCH

	 	 	 
	 	 	
By:
	
/s/ Jay Chall

	
	
	
	

	
 
	
 
	
 
	
Name: Jay Chall

	
 
	
 
	
 
	
Title: Director

	 	 	 	 
	 	 	
By:
	
/s/ Markus Frenzen

	
	
	
	

	
 
	
 
	
 
	
Name: Markus Frenzen

	
 
	
 
	
 
	
Title: Assistant Vice President

	 	 	 	 
	 	 	 	 
	 	 	
FIFTH THIRD BANK

	 	 	 
	 	 	
By:
	
/s/ Randolph J. Stierer

	
	
	
	

	
 
	
 
	
 
	
Name: Randolph J. Stierer

	
 
	
 
	
 
	
Title: Vice President

	 	 	 	 
	 	 	 	 
	 	 	
SOCIETE GENERALE

	 	 	 
	 	 	
By:
	
/s/ Edith L. Hornick

	
	
	
	

	
 
	
 
	
 
	
Name: Edith L. Hornick

	
 
	
 
	
 
	
Title: Managing Director

	 	 	 	 
	 	 	 	 

 

 

 

SCHEDULE I

 

Lenders and Commitments

 

	
LENDER
	
COMMITMENT

	

Citibank, N.A.
	
$154,166,666.66

	

Bank of America, N.A.
	
$111,250,000.17

	

JPMorgan Chase Bank, N.A.
	
$111,250,000.17

	

The Bank of New York
	
$91,666,666.67

	

PNC Bank, National Association
	
$70,833,333.33

	

Deutsche Bank AG New York Branch
	
$66,666,666.67

	

State Street Bank and Trust Company
	
$54,166,666.67

	

Credit Suisse, Cayman Islands Branch
	
$50,000,000.00

	

Manufacturers & Traders Trust Co.
	
$45,833,333.33

	

Sumitomo Mitsui Banking Corporation
	
$43,750,000.00

	

HSBC Bank USA, National Association
	
$41,666,666.67

	

RBS Citizens, National Association 
	
$41,666,666.33

	

Fifth Third Bank
	
$40,000,000.00

	

Merrill Lynch Bank USA
	
$31,250,000.00

	
Societe Generale
	

$25,000,000.00

	

Wells Fargo Bank, National Association
	
$20,833,333.33

	

TOTAL COMMITMENTS
	

$1,000,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]