Document:

Amendment No. 4 to Amended and Restated Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 4 TO AMENDED AND 
 RESTATED CREDIT AGREEMENT 
 This Amendment No. 4 to Amended and Restated Credit Agreement (this “Amendment”), dated as of November 14, 2007, is entered into by
and among BANK OF AMERICA, N.A., a national banking association (the “Lender”); POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation, and THE PBSJ CORPORATION, a Florida corporation (jointly and severally, individually and
collectively, the “Borrower”); and SEMINOLE DEVELOPMENT CORPORATION, a Florida corporation; PBS&J CONSTRUCTION SERVICES, INC., a Florida corporation; PBS&J CONSTRUCTORS, INC., a Florida corporation; POST, BUCKLEY INTERNATIONAL,
INC., a Florida corporation; SEMINOLE DEVELOPMENT II, INC., a Florida corporation and PBS&J CARIBE ENGINEERING, C.S.P., a Puerto Rico corporation (jointly and severally, collectively, the “Guarantors”), and amends the Amended and
Restated Credit Agreement, dated as of June 30, 2002, by and among the Lender, the Borrower, certain of the Guarantors, as the same was amended by Amendment No. 1 to Amended and Restated Credit Agreement, dated as of May 5, 2003, by
and among the Lender, the Borrower and the Guarantors, as further amended by Amendment No. 2 to Amended and Restated Credit Agreement, dated as of June 15, 2005, by and among the Lender, the Borrower and the Guarantors, and as further
amended by Amendment No. 3 to Amended and Restated Credit Agreement, dated as of February 23, 2007, by and among the Lender, the Borrower and the Guarantors (as hereinafter modified, supplemented, restated or otherwise amended, hereinafter
referred to as the “Agreement”). 
 WITNESSETH: 
 WHEREAS, the Borrower has requested that the Lender amend the Agreement to, among other things, increase the maximum aggregate principal amount of
the Revolver Note, as that term is defined in the Agreement, to $60,000,000.00; and 
 WHEREAS, the Lender is willing to so amend the
Agreement, upon the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Incorporation of Defined Terms. Each capitalized term used in this Amendment but not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. 

 2. Amendments. 
 (a) The dollar amount set forth in the first sentence of Section 2.01(a) (i) of the Agreement shall be modified from “Fifty-Eight Million Dollars (U.S. $58,000,000.00)” to “Sixty
Million Dollars (U.S. $60,000,000.00).” 
 (b) The second to last sentence in Section 2.01(a)(i) of the Agreement is deleted
and replaced with: 
 In so far as Borrower may from time to time request and the Lender may be willing, in its discretion, the Lender shall,
subject to the terms and conditions hereof, issue documentary and/or standby letters of credit (the “L/Cs” for the account of Borrower. 
 (c) The second to last sentence in Section 2.01(a) (ii) of the Agreement shall be deleted and replaced with: 
 The
Maximum aggregate amount of all open L/Cs, unreimbursed drafts which have been presented for payment against the L/Cs, and all outstanding Advances shall not, at any time, exceed Sixty Million Dollars ($60,000,000.00). 
 (d) Section 5.01(f) of the Agreement shall be deleted and replaced with “intentionally omitted.” 
 (e) [Intentionally Omitted] 
 (f) New
Section 5.02(i) shall be added to the Agreement as follows: 
 (i) As soon as possible and in any event within sixty
(60) days after the end of each fiscal year of Borrower, a budget for the current fiscal year in form and substance acceptable to Bank 
 The reference to “One Million Dollars ($1,000,000.00)” in Section 5.03(a) (iii) of the Agreement shall be deleted and replaced with “Seven Million Five Hundred Thousand Dollars ($7,500,000).” 

(g) A new Section 5.03(a)(ix) shall be added to the Agreement as follows: 
 Indebtedness incurred to finance the payment of insurance premiums required by this Agreement. 
 (h) Notwithstanding anything to the contrary in the Agreement, advances under the Agreement shall be used for general corporate purposes (including the
issuance of letters of credit), to finance working capital needs and for capital acquisitions permitted under Section 5.03 (f) and 5.03 (m). 
 (i) The reference to “$1,000,000” in Section 5.03 (a)(ii) shall be replaced with “$7,500,000.” 

 (j) Section 5.03 (a) (vi) of the Agreement shall be deleted and replaced with:
“Intentionally omitted.” 
 3. Ratification. Except as expressly amended and modified hereby, the terms and conditions of
the Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified, reaffirmed and confirmed in all respects and are not waived by the Lender and the Lender reserves all of its rights and remedies thereunder.

 4. Representations and Warranties. Each of the Borrower and the Guarantors (collectively, the “Loan Parties”) represents
and warrants to, and agrees with, the Lender that (i) it has no defenses, set-offs or counterclaims of any kind or nature whatsoever against the Lender with respect any Indebtedness or any other liabilities created under the Agreement and the
other Loan Documents, any of the agreements among the parties hereto, including, without limitation, the obligations of each of the Loan Parties under the Agreement or any other Loan Documents, or any action previously taken or not taken by the
Lender with respect thereto or with respect to any lien or Collateral in connection therewith to secure the Secured Obligations, and (ii) this Amendment has been duly authorized by all necessary action on the part of each of the Loan Parties,
has been duly executed by each of the Loan Parties, and constitutes the valid and binding obligation of each of the Loan Parties, enforceable against each of them in accordance with the terms hereof. The Loan Parties further represent and warrant
(i) the Certificate of Officers and Incumbency Certificates for each Loan Party dated February 14, 2007 and previously delivered to Lender in connection with Amendment No. 3 to the Agreement have not been amended and remain in full
force and effect as of the date hereof, (ii) all Loan Parties are in good standing in their jurisdiction of formation and in each other jurisdiction in which the failure to be in good standing would have a mutual adverse effect on the condition
of any Loan Party and (iii) the formative documents of each Loan Party, copies of which were delivered to Lender in connection with Amendment No. 3, have not been amended since and remain in full force and effect. 
 5. Agreement Representations and Warranties. Each of the Loan Parties hereby certifies that the representations and warranties contained in the
Agreement and any other Loan Documents continue to be true and correct and that no default or Event of Default has occurred that has not been cured or waived. 
 6. Conditions to Effectiveness of Amendment. This Amendment shall become effective when the Lender shall have received (i) counterparts of this Amendment duly executed by each of the Loan Parties;
(ii) the Third Amended and Restated Revolver Note, dated as of the date of this Amendment, in substantially the form attached hereto as Exhibit A, executed by the Borrower; (iii) certified copy of the resolutions of the Board of
Directors of the Borrower and each of the Guarantors, evidencing approval of this Amendment and the other documents and matters contemplated hereby, (iv) a signed copy of a certificate of an officer of the Borrower and each of the Guarantors
who shall certify the names of the officers of the Borrower and the respective Guarantors authorized to sign this Amendment and the other documents or certificates to be delivered pursuant to this Amendment by the Borrower, each of the Guarantors,
or any of its respective officers, together with the true signatures of such officers and (v) a 

 
certificate, in substantially the form attached hereto as Exhibit B, signed by the President, Vice President or by any other duly authorized officer
of the Borrower, solely in such corporate capacity, stating that, based on an examination which in the opinion of the signer is sufficient to enable him to make an informed statement, to the best of his knowledge: 
 (a) The representations and warranties contained in Section 4.01 of the Agreement are correct on and as of the date of this
Amendment as though made on and as of such date except to the extent that such representations and warranties specifically relate to an earlier date or are affected by the transaction contemplated under the Agreement as amended hereby; and

 (b) No event has occurred and is continuing or would result from this Amendment, which constitutes an Event of Default or
would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and 
 (ix) payment by the Borrower of the fees and
costs, including attorneys’ fees and expenses, incurred in connection with this Amendment and the other documents and matters contemplated hereby, and all fees and costs still outstanding which were incurred in connection with the Agreement and
the other Loan Documents. 
 7. Counterparts. This Amendment may be executed in any number of counterparts which, when taken together,
shall constitute one original. Any telecopied signature hereto shall be deemed a manually executed and delivered original. 
 8. GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED AND CONTROLLED BY THE INTERNAL LAWS OF THE STATE OF FLORIDA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE AS TO INTERPRETATION, ENFORCEMENT, VALIDITY, CONSTRUCTION, EFFECT, AND
IN ALL OTHER RESPECTS. 
 9. Headings of Subdivisions. The headings of subdivisions in this Amendment are for convenience of reference
only, and shall not govern the interpretation of any of the provisions of this Amendment. 
 10. WAIVER OF TRIAL BY JURY.
EACH OF THE LOAN PARTIES AND THE LENDER HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING WHICH PERTAINS DIRECTLY OR INDIRECTLY TO THIS AMENDMENT, THE AGREEMENT, ANY OF THE OTHER LOAN DOCUMENTS, ANY INDEBTEDNESS THEREUNDER,
THE COLLATERAL, OR ANY ALLEGED TORTIOUS CONDUCT BY ANY OF THE LOAN PARTIES OR THE LENDER, OR WHICH, IN ANY WAY, DIRECTLY OR INDIRECTLY, ARISES OUT OF OR RELATES TO THE RELATIONSHIP BETWEEN ANY OF THE LOAN PARTIES AND THE LENDER. IN NO EVENT SHALL
THE LENDER BE LIABLE FOR LOST PROFITS OR OTHER SPECIAL OR CONSEQUENTIAL DAMAGES. 

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

			
	LENDER:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Jamie Freeman

		 	Jamie Freeman
	Title:	 	Senior Vice President
	
	100 Southeast Second Street
	Miami, Florida 33131
		
	Attn:	 	Jamie Freeman
		 	Senior Vice President
		 	Commercial Banking

  

			
	BORROWER:
	
	POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

	Name:	 	Donald J. Vrana
	Title:	 	Senior Vice President
	
	THE PBSJ CORPORATION, a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

	Name:	 	Donald J. Vrana
	Title:	 	Senior Vice President

			
	GUARANTORS:
	
	SEMINOLE DEVELOPMENT CORPORATION, a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice President
	
	PBS&J CONSTRUCTION SERVICES, INC., a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice President
	
	PBS&J CONSTRUCTORS, INC., a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice President
	
	POST, BUCKLEY INTERNATIONAL, INC., a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice President

			
	PBS&J CARIBE ENGINEERING, C.S.P., a Puerto Rico corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice President
	
	SEMINOLE DEVELOPMENT II, INC., a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

		 	Donald J. Vrana, Senior Vice PresidentThird Amended and Restated Promissory Note

 Exhibit 10.2 
 THIRD AMENDED AND RESTATED REVOLVER NOTE 
 $60,000,000.00 
 As of November 14, 2007 
 FOR VALUE RECEIVED, POST, BUCKLEY, SCHUH &
JERNIGAN, INC., a Florida corporation, and THE PBSJ CORPORATION, a Florida corporation (jointly and severally, individually and collectively, the “Borrower”), HEREBY PROMISES TO PAY to the order of BANK OF AMERICA, N.A. (the
“Lender”), the principal sum of SIXTY MILLION DOLLARS ($60,000,000.00) or, if less, the aggregate unpaid principal amount of all Advances (as hereinafter defined) made by the Lender to the Borrower pursuant to the Amended and
Restated Credit Agreement (as hereinafter defined) outstanding on October 31, 2011; together with interest on any and all principal amounts remaining unpaid hereunder from time to time outstanding from the date hereof until the indebtedness
evidenced hereby is paid in full, at such interest rates and payable at such times as are specified in the Amended and Restated Credit Agreement. Any amount of principal or interest evidenced hereby which is not paid when due shall bear interest
from the day when due until such amount is paid in full, payable on demand at such interest rates and payable at such times as are specified in the Amended and Restated Credit Agreement. Both principal and interest are payable in lawful money of the
United States of America at 100 S.E. 2nd Street, Miami, Florida 33131 in same day funds. 
 This Third Amended and Restated Revolver Note
(this “Note”) is the “Revolver Note” referred to in, and is entitled to the benefits (including, without limitation, the described collateral) of, the Amended and Restated Credit Agreement, dated as of June 30, 2002,
as amended by Amendment No. 1 to Amended and Restated Credit Agreement, dated as of May 5, 2003, as further amended by Amendment No. 2 to Amended and Restated Credit Agreement, dated as of June 15, 2005, as further amended by
Amendment No. 3 to Amended and Restated Credit Agreement, dated as of February 23, 2007, and as further amended by Amendment No. 4 to Amended and Restated Credit Agreement dated as of even date herewith (as further amended, restated
or otherwise modified, the “Amended and Restated Credit Agreement”) among the Lender, the Borrower and the Guarantors (as defined in the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement, among other
terms, provides for (i) the making of advances (the “Advances”) by the Lender to the Borrower and issuing Standby Letters of Credit at the request of Borrower from time to time pursuant to the Amended and Restated Credit
Agreement in an aggregate amount not to exceed $60,000,000, the indebtedness of the Borrower resulting from each such Advance being evidenced by this Note, (ii) for the acceleration of the indebtedness evidenced hereby upon the occurrence of
certain events, and (iii) for security for the full and timely payment and performance of all indebtedness and obligations of the Borrower and the Guarantors hereunder and under the Amended and Restated Credit Agreement. 

 The Borrower waives presentment, notice, protest and all other notices in connection with the delivery,
acceptance, performance, default or enforcement of the indebtedness evidenced by this Note; assents to any indulgence and to the addition or release of any other party or person primarily or secondarily liable for the indebtedness evidenced hereby;
and agrees to pay all costs and expenses, including, but not limited to, reasonable attorneys’ fees and costs, incurred by the Lender in connection with the collection of the indebtedness evidenced by this Note or in the enforcement of the
provisions hereof. This Note, even though executed and delivered outside the State of Florida, shall, nonetheless, be governed by the internal laws of the State of Florida (except as to interest rates or other terms of lending which are or may, at
the election of the Lender, be governed by the laws of the United States) in all respects, including matters of construction, validity and performance. 
 To the extent permitted by law, a delinquency charge may be imposed in an amount not to exceed four percent (4%) of any payment that is more than fifteen days late. 
 This Note amends, replaces and supersedes that certain Second Amended and Restated Revolver Note (the “Prior Note”) dated as of June 15,
2005, executed by Borrower and made payable to the order of Lender in the original principal amount of $58,000,000.00. It is the intention of the Borrower and Lender that while this Note amends, replaces and supersedes the Prior Note, it is not in
payment or satisfaction of the Prior Note, but rather is the substitution of one evidence of debt for another without any intent to extinguish the old. Should there be any conflict between any of the terms of the Prior Note and the terms of this
Note, the terms of this Note shall control. 
 THE BORROWER IN DELIVERING, AND THE LENDER IN ACCEPTING DELIVERY OF, THIS NOTE, KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE, THE AMENDED AND RESTATED CREDIT AGREEMENT AND ANY DOCUMENT EXECUTED AND
DELIVERED BY THE BORROWER TO THE LENDER IN CONJUNCTION WITH THIS NOTE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF EITHER PARTY OR ANY DIRECTOR, OFFICER, EMPLOYEE, AGENT OR INDEPENDENT CONTRACTOR
OF EITHER. THIS IS A MATERIAL INDUCEMENT TO LENDER TO ENTER INTO THE AMENDED AND RESTATED CREDIT AGREEMENT WITH THE BORROWER AND TO MAKE ADVANCES TO THE BORROWER. 
 [Remainder of page intentionally left blank] 

 NOTICE OF FINAL AGREEMENT. THIS WRITTEN PROMISSORY NOTE REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

			
	POST, BUCKLEY, SCHUH & JERNIGAN, INC , a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

	Name:	 	Donald J. Vrana
	Title:	 	Senior Vice President
	
	THE PBSJ CORPORATION, a Florida corporation
		
	By:	 	 /s/ Donald J. Vrana

	Name:	 	Donald J. Vrana
	Title:	 	Senior Vice President

  

					
	STATE OF	 	  
	 	)
		 		 	) SS:
	COUNTY OF	 	  
	 	)

 The foregoing instrument was acknowledged before me this 14th day of November 2007, by Donald J.
Vrana, as Senior Vice President of POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation and Senior Vice President, of the PBSJ CORPORATION, a Florida corporation, on behalf of said corporations. He is personally known to me or has
produced a Florida driver’s license as identification. It is agreed and understood that the undersigned Notary Public shall not be responsible for repayment under this Note nor any other obligation arising in connection with this Note.

  

			
	  

	Notary Public of the State of	 	  

			
	 Printed Name:
	 	  

			
	 My commission expires:
	 	  

			
	 Commission No.:

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