Document:

Exhibit 10.4-3.31.14-10Q

EXHIBIT 10.4

LENDER JOINDER AGREEMENT

This LENDER JOINDER AGREEMENT (this "Agreement"), dated as of March 26, 2014, to the Credit Agreement (as defined below) is by and among BANK HAPOALIM B.M.; BANK OF TAIWAN, LOS ANGELES BRANCH; CHANG HWA COMMERCIAL BANK LTD., LOS ANGELES BRANCH; FIRST COMMERCIAL BANK, LTD., A REPUBLIC OF CHINA BANK ACTING THROUGH ITS LOS ANGELES BRANCH; and MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD, SILICON VALLEY BRANCH  (each, an “Issuing Lender” and, collectively, the “Issuing Lenders”), EPR PROPERTIES, a Maryland real estate investment trust, and the Subsidiary Borrowers that are signatories hereto (each, a “Borrower” and, collectively, the “Borrowers”) and KEYBANK NATIONAL ASSOCIATION, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement (as defined below).

RECITALS

WHEREAS, the Borrowers, the other Lenders party thereto and the Administrative Agent entered into that certain Second Amended and Restated Credit Agreement dated as of July 23, 2013 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "Credit Agreement"); 

WHEREAS, the Borrowers have requested an increase in the aggregate Commitments pursuant to Section 2.14 of the Credit Agreement; and

WHEREAS, each Issuing Lender has agreed to provide a Commitment on the terms and conditions set forth herein and under the Credit Agreement.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

AGREEMENT

1.Each Issuing Lender hereby agrees to issue its Commitment in the aggregate amount set forth on Annex A hereto, with the increase in the aggregate Commitments being handled on pro rata basis with all Lenders in accordance with Section 2.14(e)(vi)(A) of the Credit Agreement.  
2.Each Issuing Lender  (a) represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to issue its Commitment under the Credit Agreement; (b) confirms it has received a copy of the Credit Agreement, and has received or has been afforded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 8.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Agreement and to issue its Commitment under the Credit Agreement; (c) confirms it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and to issue its Commitment under the Credit Agreement; (d) if it is a Foreign Lender, agrees to provide any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by each Issuing Lender; and (e) agrees that (i) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
3.Borrowers hereby represent and warrant that (1) they have full power and authority, and have taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to issue the Indebtedness under the Credit Agreement in accordance with this Agreement, (2) the representations and warranties of the Borrowers in the Credit Agreement and in each other Loan Document are true and correct on 

and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case, to the knowledge of the Borrowers, they are true and correct as of such earlier date, and except to the extent of changes resulting from transactions contemplated and permitted by the Credit Agreement and changes occurring in the ordinary course of business (in each case to the extent not constituting a Default or Event of Default), (3) no Default or Event of Default exists and is continuing or would result from the increase in the aggregate Commitments as contemplated in this Agreement (including on a pro forma basis relative to financial covenant compliance), and (4) the incurrence of Indebtedness in an aggregate principal amount equal to the full Facility Amount after giving effect to all Commitment increases and new Commitments contemplated in this Agreement does not and will not result in a breach of, or a default under, any agreement to which any Borrower is a party.
4.In addition to any other fees due Administrative Agent or the Lenders under the Credit Agreement or the Fee Letter, Borrowers agree to pay to each Issuing Lender on the date hereof an upfront fee as agreed to between each Issuing Lender and Borrowers.
5.Any notice to be provided to each respective Issuing Lender under the Loan Documents shall be sent to the following addresses:
Bank Hapoalim B.M.
1177 Avenue of the Americas
New York, NY  10036
Attention:  Charles McLaughlin
Bank of Taiwan, Los Angeles Branch
601 S. Figueroa Street, Suite 4525
Los Angeles, CA  90017
Attention:  Timothy Liu
Chang Hwa Commercial Bank Ltd., Los Angeles Branch
333 South Grand Avenue, Suite #2250
Los Angeles, CA  90071
Attention:  Irene Chen
First Commercial Bank, Ltd., Los Angeles Branch
600 Wilshire Blvd., Ste. 800
Los Angeles, CA  90017
Attention:  Josephine Chong
Mega International Commercial Bank Co., Ltd, Silicon Valley Branch
333 W San Carlos St., Ste. #100
San Jose, CA  95110
Attention:  May-Yee Lee
6.This Agreement may be executed in any number of counterparts and by the various parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one contract.  Delivery of an executed counterpart of this Agreement by telecopier or .pdf shall be effective as delivery of a manually executed counterpart of this Agreement.
7.This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York.
8.ENTIRE AGREEMENT.  This Agreement and the Loan Documents represent the final agreement among 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 among the parties.

[remainder of page intentionally left blank]

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a duly authorized officer as of the date first above written.

ISSUING LENDERS:            BANK HAPOALIM B.M.
as Issuing Lender

By:      /s/ Charles McLaughlin    /s/James Surless    
Name:      Charles McLaughlin               James Surless
Title:     Senior Vice President              Vice President

BANK OF TAIWAN, LOS ANGELES BRANCH
as Issuing Lender

By:      /s/ Spencer Tsao                
Name:     Spencer Tsao
Title:     AVP & Deputy General Manager

CHANG HWA COMMERCIAL BANK LTD., LOS ANGELES BRANCH
as Issuing Lender

By:      /s/ Kang Yang                    
Name:     Kang Yang
Title:     Vice President & General Manager

FIRST COMMERCIAL BANK, LTD., A REPUBLIC OF CHINA BANK ACTING THROUGH ITS LOS ANGELES BRANCH
as Issuing Lender

By:      /s/ Jenn-Hwa Wang                
Name:     Jenn-Hwa Wang
Title:     Vice President & General Manager

MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD, SILICON VALLEY BRANCH
as Issuing Lender

By:      /s/ Yuan-His Lin                
Name:     Yuan-Hsi Lin
Title:     SVP & General Manager

[Signature Page to Lender Joinder Agreement]

BORROWERS:    

EPR PROPERTIES 

By:  /s/ Mark Peterson                
       Name: Mark Peterson
       Title: Senior Vice President

30 WEST PERSHING, LLC
EPT DOWNREIT II, Inc.
EPT HUNTSVILLE, INC.
MEGAPLEX FOUR, INC.
WESTCOL CENTER, LLC
EPT MELBOURNE, INC.
CROTCHED MOUNTAIN PROPERTIES, LLC
EDUCATION CAPITAL SOLUTIONS, LLC
EPR HIALEAH, INC.
EPT 909, INC.
EPT CROTCHED MOUNTAIN, INC.
EPT KALAMAZOO, INC.
EPT MAD RIVER, INC.
EPT MOUNT ATTITASH, INC.
EPT MOUNT SNOW, INC.
EPT NINETEEN, INC.
EPT SKI PROPERTIES, INC.
EPT WATERPARKS, INC.
MEGAPLEX NINE, INC.
ECS DOUGLAS I, LLC
EPT DALLAS, LLC
EPT FONTANA, LLC
EPT TWIN FALLS, LLC
FLIK, INC.
EPT GULF POINTE, INC.
EPT MESQUITE, INC.
EPT SOUTH BARRINGTON, INC.
EPT OAKVIEW, INC.
ECE I, LLC
EPT CHARLOTTE, LLC 
EPT  PENSACOLA, INC.
                        

By:    /s/ Mark Peterson                
        Name: Mark Peterson
        Title: Vice President

                        
                

[Signature Page to Lender Joinder Agreement]

CANTERA 30 THEATRE, L.P.

By:      Cantera 30, Inc., a Delaware
corporation, its general partner            
By:    /s/ Mark Peterson            
        Name: Mark Peterson
        Title: Vice President

TAMPA VETERANS 24, L.P.

By:      Tampa Veterans 24, Inc., a Delaware
corporation, its general partner            
By:    /s/ Mark Peterson            
        Name: Mark Peterson
        Title: Vice President

NEW ROC ASSOCIATES, L.P.

By:      EPT New Roc GP, Inc., a Delaware
corporation, its general partner                                        By:    /s/ Mark Peterson    
        Name: Mark Peterson
        Title: Vice President
    

[Signature Page to Lender Joinder Agreement]
    

        
Accepted and Agreed:

KEYBANK NATIONAL ASSOCIATION,
as Administrative Agent 

By:    /s/ Jane E. McGrath                
Name:  Jane E. McGrath
Title:    Vice President

[Signature Page to Lender Joinder Agreement]

Annex A to
Lender Joinder Agreement

COMMITMENT

	
		
	Issuing Lender
	Commitment

	BANK HAPOALIM B.M.
	$10,000,000.00

	BANK OF TAIWAN, LOS ANGELES BRANCH
	$15,000,000.00

	CHANG HWA COMMERCIAL BANK LTD., LOS ANGELES BRANCH
	$15,000,000.00

	FIRST COMMERCIAL BANK, LTD., A REPUBLIC OF CHINA BANK ACTING THROUGH ITS LOS ANGELES BRANCH
	$10,000,000.00

	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD, SILICON VALLEY BRANCH
	$10,000,000.00EX 10.1 2014 Form of Restricted Stock Award For Directors

Exhibit 10.1

Remy International, Inc.
Omnibus Incentive Plan

Notice of Restricted Stock Grant for Directors
You (the “Grantee”) have been granted the following award of restricted Common Stock (the “Restricted Stock”) of Remy International, Inc. (the “Company”), pursuant to the Remy International, Inc. Omnibus Incentive Plan (the “Plan”): 
	
		
	Name of Grantee:
	 

	Number of Shares of Restricted Stock Granted: 
	 

	Effective Date of Grant:
	February [__], 2014

	Vesting and Period of Restriction:
	Subject to the terms of the Plan and the Restricted Stock Award Agreement attached hereto (the “Agreement”), the Period of Restriction shall lapse, and the shares of Restricted Stock granted hereunder shall vest and become free of the forfeiture and transfer restrictions contained in the Agreement with respect to one-half of the total number of Shares of Restricted Stock granted under this Agreement on each anniversary of the Effective Date of Grant, until fully vested.   

By your signature and the signature of the Company’s representative below, you and the Company agree and acknowledge that this grant of Restricted Stock is granted under and governed by the terms and conditions of the Plan and the attached Restricted Stock Award Agreement, which are incorporated herein by reference, and that you have been provided with a copy of the Plan and Restricted Stock Agreement. 

	
					
	Grantee:
	 
	Remy International, Inc.

	 
	 
	 
	 
	 

	By:
	 
	 
	By:
	 

	Name:
	 
	 
	Name:
	 

	Date:
	 
	 
	Title:
	 

	Address:
	 
	 
	Date:
	 

	 
	 
	 
	 
	 

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Remy International, Inc.
OMNIBUS INCENTIVE PLAN
Restricted Stock Award Agreement for Directors

SECTION 1. GRANT OF RESTRICTED STOCK

(a)     Restricted Stock.  On the terms and conditions set forth in the Notice of Restricted Stock Grant and this Restricted Stock Award Agreement (the “Agreement”), the Company grants to the Grantee on the Effective Date of Grant the Shares of Restricted Stock (the “Restricted Stock”) set forth in the Notice of Restricted Stock Grant. 

(b)     Plan and Defined Terms.  The Restricted Stock is granted pursuant to the Plan.  All terms, provisions, and conditions applicable to the Restricted Stock set forth in the Plan and not set forth herein are hereby incorporated by reference herein.  To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern.  All capitalized terms that are used in the Notice of Restricted Stock Grant or this Agreement and not otherwise defined therein or herein shall have the meanings ascribed to them in the Plan. 

SECTION 2. FORFEITURE AND TRANSFER RESTRICTIONS 

a)     Forfeitures.  
(i)Except as described in Section 2(a)(ii) and (iii) below, if the Grantee resigns as a Director or if the Grantee’s service as a Director is terminated or discontinued prior to the second year anniversary of the Effective Date of Grant, the Grantee shall, for no consideration, forfeit to the Company the Shares of Restricted Stock to the extent such Shares remain subject to a Period of Restriction at the time of such termination of the Grantee’s service.  

(ii)If the Grantee’s service as a Director is terminated due to the Grantee’s death or Disability, as such term is defined below, a portion of the Shares which on the date of termination of service remain subject to a Period of Restrictions shall vest and become free of the forfeiture and transfer restrictions contained in the Agreement.  The portion which shall vest shall be determined by the following formula (rounded to the nearest whole Share):

(A x B) - C, where
A = the total number of Shares granted under this Agreement,
B = the number of completed months to the date of termination of service as a Director since the Effective Date of Grant divided by 24, and 
C = the number of Shares granted under this Agreement which vested on or prior to the date of service termination.
Any Shares which were subject to a Period of Restrictions on the date of the service termination and which will not be vested pursuant to the first two sentences of this Section 2(a)(ii) shall be forfeited to the Company, for no consideration.
(iii) Unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any governing governmental agencies or national securities exchanges, if there occurs a Change in Control, as such term is defined in the Plan, the Award shall immediately vest if the Grantee’s service as a director is 

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terminated or discontinued prior to the second year anniversary of the Effective Date of Grant.  This paragraph shall supersede the provisions set forth in Article 17 of the Plan, and to the extent any provision in this paragraph is inconsistent with Article 17 of the Plan, the provisions of this paragraph will govern. 

(iv)    The term “Disability” shall mean the inability to perform the Grantee’s duties as a Director due to a physical or mental illness for a period of at least six (6) months as determined in the sole discretion of the majority of the members (excluding Grantee) of the Board. 

(b)     Transfer Restrictions.  During the Period of Restriction, the Restricted Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent such Shares are subject to a Period of Restriction. 

(c)     Lapse of Restrictions.  The Period of Restriction shall lapse as to the Restricted Stock in accordance with the Notice of Restricted Stock Grant and the terms of this Agreement.  Subject to the terms of the Plan, upon lapse of the Period of Restriction, the Grantee shall own the Shares that are subject to this Agreement free of all restrictions otherwise imposed by this Agreement. 

SECTION 3. STOCK CERTIFICATES 

As soon as practicable following the grant of Restricted Stock, the Shares of Restricted Stock shall be registered in the Grantee’s name in certificate or book-entry form.  If a certificate is issued, it shall bear an appropriate legend referring to the restrictions and it shall be held by the Company, or its agent, on behalf of the Grantee until the Period of Restriction has lapsed.  If the Shares are registered in book-entry form, the restrictions shall be placed on the book-entry registration.  The Grantee may be required to execute and return to the Company a blank stock power for each Restricted Stock certificate (or instruction letter, with respect to Shares registered in book-entry form), which will permit transfer to the Company, without further action, of all or any portion of the Restricted Stock that is forfeited in accordance with this Agreement. 
SECTION 4. SHAREHOLDER RIGHTS 

Except for the transfer and dividend restrictions, and subject to such other restrictions, if any, as determined by the Committee, the Grantee shall have all other rights of a holder of Shares, including the right to vote (or to execute proxies for voting) such Shares.  Unless otherwise determined by the Committee, if all or part of a dividend in respect of the Restricted Stock is paid in Shares or any other security issued by the Company, such Shares or other securities shall be held by the Company subject to the same restrictions as the Restricted Stock in respect of which the dividend was paid. 
SECTION 5. DIVIDENDS

(a)     Any dividends paid with respect to Shares which remain subject to a Period of Restriction shall not be paid to the Grantee but shall be held by the Company.

(b)     Such held dividends shall be subject to the same Period of Restriction as the Shares to which they relate.

(c)     Any dividends held pursuant to this Section 5 which are attributable to Shares which vest pursuant to this Agreement shall be paid to the Grantee within 30 days of the applicable vesting date.

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(d)     Dividends attributable to Shares forfeited pursuant to Section 2 of this Agreement shall be forfeited to the Company on the date such Shares are forfeited.

SECTION 6. MISCELLANEOUS PROVISIONS 

(a)     Tax Withholding.  Pursuant to Article 20 of the Plan, the Committee shall have the power and right to deduct or withhold, or require the Grantee to remit to the Company, an amount sufficient to satisfy any federal, state and local taxes (including the Grantee’s FICA obligations) required by law to be withheld with respect to this Award.  The Committee may condition the delivery of Shares upon the Grantee’s satisfaction of such withholding obligations.  The Grantee may elect to satisfy all or part of such withholding requirement by tendering previously-owned Shares or by having the Company withhold Shares having a Fair Market Value equal to the minimum statutory withholding (based on minimum statutory withholding rates for federal, state and local tax purposes, as applicable, including payroll taxes) that could be imposed on the transaction, and, to the extent the Committee so permits, amounts in excess of the minimum statutory withholding to the extent it would not result in additional accounting expense.  Such election shall be irrevocable, made in writing, signed by the Grantee, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

(b)     Ratification of Actions.  By accepting this Agreement, the Grantee and each person claiming under or through the Grantee shall be conclusively deemed to have indicated the Grantee’s acceptance and ratification of, and consent to, any action taken under the Plan or this Agreement and Notice of Restricted Stock Grant by the Company, the Board or the Committee. 

(c)     Notice.  Any notice required by the terms of this Agreement shall be given in writing and shall be deemed effective upon personal delivery or upon deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid.  Notice shall be addressed to the Company at its principal executive office and to the Grantee at the address that he or she most recently provided in writing to the Company. 

(d)     Choice of Law.  This Agreement and the Notice of Restricted Stock Grant shall be governed by, and construed in accordance with, the laws of Indiana, without regard to any conflicts of law or choice of law rule or principle that might otherwise cause the Plan, this Agreement or the Notice of Restricted Stock Grant to be governed by or construed in accordance with the substantive law of another jurisdiction. 

(e)     Arbitration.  Subject to, and in accordance with the provisions of Article 3 of the Plan, any dispute or claim arising out of or relating to the Plan, this Agreement or the Notice of Restricted Stock Grant shall be settled by binding arbitration before a single arbitrator in Indianapolis, Indiana and in accordance with the Commercial Arbitration Rules of the American Arbitration Association.  The arbitrator shall decide any issues submitted in accordance with the provisions and commercial purposes of the Plan, this Agreement and the Notice of Restricted Stock Grant, provided that all substantive questions of law shall be determined in accordance with the state and federal laws applicable in Indiana, without regard to internal principles relating to conflict of laws. 

(f)     Modification or Amendment.  This Agreement may only be modified or amended by written agreement executed by the parties hereto; provided, however, that the adjustments permitted pursuant to Section 4.3 of the Plan may be made without such written agreement. 

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(g)     Severability.  In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions of this Agreement, and this Agreement shall be construed and enforced as if such illegal or invalid provision had not been included. 

(h)     References to Plan.  All references to the Plan shall be deemed references to the Plan as may be amended from time to time. 

(i)     Section 409A Compliance.  To the extent applicable, it is intended that the Plan and this Agreement comply with the requirements of Code Section 409A and any related regulations or other guidance promulgated with respect to such Section by the U.S.  Department of the Treasury or the Internal Revenue Service and the Plan and the Award Agreement shall be interpreted accordingly.

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