Document:

exv10w1

 

Exhibit 10.1

SECOND AMENDMENT TO SECOND AMENDED

AND RESTATED LOAN AGREEMENT

     THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT dated as of May 1, 2005
(this “Amendment”), is between WINTRUST FINANCIAL CORPORATION, an Illinois corporation (the
“Borrower”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking association (the “Bank”).

RECITALS

     A. The Borrower and the Bank entered into that certain Second Amended and Restated Loan
Agreement dated as of April 30, 2003, as amended by that certain First Amendment to Second Amended
and Restated Loan Agreement dated as of April 30, 2004 (collectively, the “Agreement”); and

     B. The Borrower desires to extend the maturity date of Note 3 to June 1, 2005.

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and adequacy of which me hereby acknowledged, the parties hereto agree as follows:

     1. DEFINITIONS. All capitalized terms used herein without definition shall have the
respective meanings set forth in the Agreement.

     2. AMENDMENTS TO THE AGREEMENT.

          2.1 Amendment to Section 3(d) of the Agreement. Section 3(d) of the
Agreement is hereby amended as of the date hereof by deleting the date “May 1, 2005” and
inserting the date “June 1, 2005”.

          2.2 Interest. Notwithstanding anything to the contrary contained in Section 3
of the Agreement, interest on the Revolving Note shall be due and payable on June 1, 2005
and interest shall be calculated on the three month LIBOR Rate in effect on May 1, 2005.

          2.3 Note 3. All references in the Loan Agreement to the Revolving Note in the form of
Exhibit “C” to the Loan Agreement shall be deemed to be references to the Note 3 in the
form of Exhibit “A-1” attached hereto and made a part hereof.

     3. WARRANTIES. To induce the Bank to enter into this Amendment, the Borrower warrants that:

          3.1 Authorization. The Borrower is duly authorized to execute and deliver this
Amendment and is and will continue to be duly authorized to borrow monies under the Agreement, as
amended hereby, and to perform its obligations under the Agreement, as amended hereby.

 

 

          3.2 No. Conflicts. The execution and delivery of this Amendment and the performance
by the Borrower of its obligations under the Agreement as amended hereby, do not and will not
conflict with any provision of law or of the charter or by-laws of the Borrower or of any agreement
binding upon the Borrower.

          3.3 Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid
and binding obligation of the Borrower, enforceable against the Borrower in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of
general application affecting the enforcement of creditors’ rights or by general principles of
equity limiting the availability of equitable remedies.

          3.4 No Default. As of the date hereof, no Event of Default under Section 9 of
the Agreement, as amended by this Amendment or event or condition which, with the giving of notice
or the passage of time, shall constitute an Event of Default, has occurred or is continuing.

          3.5 Warranties. As of the date hereof, the representations and warranties in Section
5 of the Agreement are true and correct as though made on such date, except for such Changes as are
specifically permitted under the Agreement,

4. CONDITIONS PRECEDENT. This Amendment shall become effective as of the date above first
written after receipt by the Bank of the following documents:

	 	(a)  	This Amendment duly executed by the Borrower;
	 
	 	(b)  	A $25,000,000 Revolving Note in the form
attached hereto as Exhibit A-1 duly executed by the Borrower;
and
	 
	 	(c)  	Such other documents and instruments as the
Bank reasonably requests.

5. GENERAL.

          5.1 Law. This Amendment shall be construed in accordance with and governed by the
laws of the State of Illinois.

          5.2 Successors. This Amendment shall be binding upon the Borrower and the Bank and
Their respective successors and assigns, and shall inure to the benefit of the Borrower and the
Bank and their respective successors and assigns.

          5.3 Confirmation of the Agreement. Except as amended hereby, the Agreement shall
remain in full force and effect and is hereby ratified and confirmed in all respects.

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

	 	 	 	 	 	 	 	 	 	 	 
	LASALLE BANK NATIONAL	 	 	 	WINTRUST FINANCIAL	 	 
	ASSOCIATION	 	 	 	CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Its:

	 	 	 	 	 	Its:	 	 	 	 
	

	 	 
	 	 	 	 	 	 	 	 

 

 

EXHIBIT A-1

REVOLVING NOTE

			
	$25,000,000
	 	Dated as of May 1, 2005

     FOR VALUE RECEIVED, WINTRUST FINANCIAL CORPORATION, an Illinois corporation (the
“Maker”) promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION, a national
banking association (the “Bank”) the lesser of the principal sum of TWENTY FIVE MILLION
DOLLARS ($25,000,000), or the aggregate unpaid principal amount outstanding under the Loan
Agreement dated even date herewith (as amended from time to time, the “Loan Agreement”)
between the Bank and the Maker at the maturity or maturities and in the amount or amounts as stated
on the records of the Bank together with interest (computed on actual days elapsed on the basis of
a 360 day year) on any and all principal amounts outstanding hereunder from time to time from the
date hereof until maturity. Interest shall be payable at the rates of interest and the times set
forth in the Loan Agreement. All unpaid principal, and accrued interest, if not paid sooner, shall
be due and payable in full on June 1, 2005.

     This Note shall be available for direct advances.

     Principal and interest shall be paid to the Bank at its office at 135 South LaSalle Street,
Chicago, Illinois 60603, or at such other place as the holder of this Note may designate in writing
to the Maker. This Note may be prepaid in whole or in part as provided for in the Loan Agreement.

     This Note evidences indebtedness incurred under the Second Amended and Restated Loan Agreement
dated as of April 30, 2003, as amended from time to time, between the Maker and the Bank, to which
reference is hereby made for a statement of the terms and conditions under which the due date of
the Note or any payment thereon may be accelerated. The holder of this Note is entitled to all of
the benefits provided for in the Loan Agreement.

     The Maker agrees that in action or proceeding instituted to collect or enforce collection of
this Note, the amount on the Bank’s records shall be conclusive and binding evidence, absent
demonstrable error, of the unpaid principal balance of this Note.

     This Note is in replacement and substitution of, but not repayment for, a Revolving Note of
the Borrower dated April 30, 2004 in the principal amount of $25,000,000 and is in no way intended
to constitute a novation therefor.

	 	 	 	 	 	 	 
	 	 	WINTRUST FINANCIAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	

	 	 	 	 	 	 
	

	 	Its:<PAGE>

                                                                    Exhibit 10.1

                                                                  March 30, 2005

[BELDEN CDT LOGO]

                                 BELDEN CDT INC.
                              TERMS AND CONDITIONS
                               STOCK OPTION GRANT

These terms and conditions will apply to options to purchase Belden CDT Inc.
(the "Company or "Belden CDT") shares that the Compensation Committee of the
Board of Directors (or the Board itself) of Belden CDT may grant to you on or
after March 30, 2005 pursuant to the Belden Inc. 2003 Long-Term Incentive Plan
(the "Belden Plan") or the Cable Design Technologies Corporation 2001 Long-Term
Performance Incentive Plan (the "CDT Plan"). Section 2 (Vesting of Options)
shall also apply to outstanding options held by current employees granted prior
to March 30, 2005 under the Belden Plan, the CDT Plan or any prior long-term
incentive plans of either company.

1.    OPTION TYPE. Options are issued as either incentive stock options or
      non-qualified stock options and are issued to purchase a specified number
      of shares of the Company's common stock, par value $.01 per share (the
      "Shares"), at a specified option price. Such number of Shares, option
      price, status as incentive stock options or non-qualified stock options,
      and the applicable plan (i.e., the Belden Plan or the CDT Plan) shall be
      furnished to you by the Company's plan administrator (presently, Mellon)
      and is also available for viewing on the website at
      www.melloninvestor.com.

2.    VESTING OF OPTIONS. Your options are exercisable in accordance with the
      vesting schedule that you will be provided with your grant information,
      but your option rights (including all those previously granted) are
      subject to the following conditions:

      (a)   EMPLOYMENT. During your lifetime, your option rights are exercisable
            only by you, and, except as otherwise provided in clause (c) below,
            only if you have remained continuously employed by the Company or
            its subsidiaries from the grant date of your option (the "Grant
            Date").

      (b)   OPTION TERM. Your option rights shall expire ten years following the
            Grant Date (the period between the Grant Date and such expiration
            date being the "Option Term"), or earlier if clause (c) of this
            Section 2 applies.

      (c)   EXCEPTIONS. Subject to the exceptions noted in subparts (i)-(iv)
            below, your option rights shall terminate immediately if you are no
            longer employed by the Company or its subsidiaries.

            (i)   RETIREMENT. If, after one year from the Grant date you are no
                  longer with the Company because you retire in accordance with
                  any Company retirement plan then in effect, you may at any
                  time within the three-year period following your retirement
                  (but within the Option Term) exercise all option rights,
                  including those options that

<PAGE>

                  had not previously vested which shall vest upon retirement.
                  Your right to exercise options upon retirement in such fashion
                  is expressly conditioned on your furnishing the Company a
                  non-compete covenant (the form of which must be reasonably
                  acceptable to the Company) that would prevent you from
                  competing against the Company during the period until the last
                  of your options would have otherwise vested. This period will
                  not exceed three years. The non-compete covenant will contain
                  a provision that will require you to pay the Company damages
                  if you breach your non-compete covenant. The damages shall
                  include any gain you may receive from the exercise of an
                  option in violation of your non-compete covenant.

            (ii)  DISABILITY. If you are no longer with the Company because you
                  have become disabled (in accordance with any Company
                  disability policy then in effect), you may at any time within
                  one year following your leaving the Company (but within the
                  Option Term) exercise all option rights, including those
                  options that had not previously vested which shall vest upon
                  the date of disability.

            (iii) TERMINATION OF EMPLOYMENT. If, after one year from the Grant
                  Date you are no longer with the Company because either you or
                  the Company have terminated your employment (other than when
                  the Company terminates your employment for Cause, as defined
                  below), you may at any time within ninety days following your
                  leaving the Company (but within the Option Term) exercise your
                  option rights to the extent you were entitled to exercise such
                  rights prior to leaving the Company, but not otherwise.
                  "Cause" as used above shall mean the willful failure to
                  discharge responsibilities.

            (iv)  DEATH. If you die while employed by the Company (or if you
                  were to die during the post-employment period covered by
                  Section 2(c)(ii) (Disability) above), the person entitled by
                  will or the applicable laws of descent and distribution may,
                  within one year from your death (but within the Option Term),
                  exercise your option rights, including those options that had
                  not previously vested which shall vest upon the date of death.

3.    HOW TO EXERCISE. You may exercise an option by following the procedures
      the Company has in place at the time of exercise. Please contact Mellon at
      888-253-4520 (U.S. callers) or 201-296-4487 (International callers) if you
      have questions regarding exercising options. For an option to be exercised
      by a person other than you (as provided above), the Company must have
      appropriate documentation evidencing the rights of your beneficiary(s).
      The Company will then notify Mellon to allow beneficiary(s) to exercise.
      Beneficiary(s) will be able to exercise options by contacting a Mellon
      Call Service Representative at the above referenced telephone numbers.
      Payment of the full purchase price (including any related tax obligations)
      may be made (i) in cash, (ii) in shares of the Company's common stock that
      you have held for at least six months (valued at the average of

<PAGE>

      the high and the low price of such common stock, as traded on the NYSE, or
      a replacement national securities exchange, on the date of exercise of the
      option), or (iii) to the extent permitted by applicable law, as a cashless
      exercise (i.e., the option exercise price is advanced by your broker and
      tendered to the Company), or a combination of the foregoing, or such other
      consideration as the Compensation Committee may deem appropriate, all as
      determined by and subject to the terms, conditions and restrictions
      established by the Compensation Committee. Upon the proper exercise of the
      option, the Company shall issue in your name and deliver to you (or to
      your permitted representative and in their name pursuant to Section 2 (c)
      (iv) (Death) above), in either book entry or certificate form (at the
      discretion of the Company) through the Company's transfer agent, the
      number of shares acquired through the exercise. You will not have any
      rights as a shareholder of Belden CDT with respect to an unexercised
      option.

4.    SECURITIES LAWS. The options granted under this Agreement are subject to
      the Company's registering the Shares under applicable securities laws.
      Your option cannot be exercised if the exercise would violate:

      (a) Any applicable state securities law;

      (b) Any applicable registration or other requirements under the Securities
          Act of 1933, as amended (the "Act"), the Securities Exchange Act of
          1934, as amended, or the listing requirements of the New York Stock
          Exchange; or

      (c) Any applicable legal requirements of any governmental authority.

      Furthermore, if a registration statement with respect to the Shares to be
      issued upon the exercise of these option rights is not in effect or if
      counsel for the Company deems it necessary or desirable to avoid a
      possible violation of the Act, the Company may require, as a condition to
      its issuance and delivery of certificates for the Shares (or recording a
      book-entry of the issuance of shares), the delivery to the Company of a
      commitment in writing by the person exercising the option rights that at
      the time of such exercise it is his intention to acquire such Shares for
      his own account for investment only and not with a view to, or for resale
      in connection with, the distribution thereof. Such person understands that
      the Shares may be "restricted securities" as defined in Rule 144 issued
      under the Act and that any resale, transfer or other disposition of the
      Shares will be accomplished only in compliance with Rule 144 of the Act,
      or other or subsequent applicable rules and regulations under the Act. The
      Company may place on the certificates evidencing the Shares an appropriate
      legend reflecting such commitment and the Company may refuse to permit
      transfer of the certificates until it has been furnished with evidence
      satisfactory to it that no violation of the Act (or the rules and
      regulations under the Act) would be involved in such transfer.

5.    UNDERSTANDING. Nothing in these terms and conditions will limit or
      restrict any right that the Company may have with respect to your
      employment.

<PAGE>

6.    NON-ASSIGNMENT OF RIGHTS. You may not assign or transfer any options or
      rights granted under any options except by will or by the laws of descent
      and distribution or by a qualified domestic relations order.

7.    CHANGE OF CONTROL. If a change of control of Belden CDT occurs (as defined
      in the applicable Belden Plan or CDT Plan), outstanding option rights not
      previously exercisable and vested may become fully exercisable and vested
      to the extent permitted by the applicable Belden Plan or CDT Plan.

8.    EMPLOYMENT BY COMPANY. For purposes of this Agreement, employment by a
      parent or subsidiary of or a successor to the Company shall be considered
      employment by the Company.

9.    PLAN ADMINISTRATOR. The Compensation Committee of Belden CDT has
      authority, subject to the applicable plan provisions, (i) to construe
      these terms and conditions, the Belden Plan, and the CDT Plan, (ii) to
      establish, amend and rescind rules and regulations relating to such plans,
      (iii) to modify these terms and conditions, and (iv) to make all other
      determinations that in the judgment of the Compensation Committee are
      necessary or desirable for the administration of the plans. The
      Compensation Committee may correct any defect or supply any omission or
      reconcile any inconsistency in the plans or in these terms and conditions
      in the manner and to the extent it shall deem expedient to carry out the
      intent of the plans. All action by the Compensation Committee under the
      provisions of this paragraph shall be conclusive for all purposes.

11.   DISPOSITIONS. You agree to notify the Company promptly of the disposition
      (whether by sale, exchange or otherwise) of any Shares you acquire from
      exercising an incentive stock option whenever the disposition occurs if
      within one year from the date you exercise such option. The notice shall
      state the date and manner of disposition and the proceeds received by you
      as a result thereof. The Company must report the proceeds from such
      dispositions, less the exercise price, as compensation income.

12.   INCORPORATION OF PLAN. The options granted to you are subject to the
      provisions of the applicable Belden Plan or CDT Plan, which are
      incorporated by reference into these terms and conditions.

13.   CHOICE OF LAW. These terms and conditions shall be construed and enforced
      in accordance with Delaware law, other than any choice of law provisions
      calling for the application of the laws of another state.

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