Document:

EX-10(b)(4)(d)

 Exhibit 10(b)(4)(d) 

EXECUTION COPY 
 AMENDMENT NO. 2 
 (NewStar Short-Term Funding LLC) 

THIS AMENDMENT NO. 2, dated as of January 27, 2012 (this “Amendment”), is entered into by
and among NewStar Short-Term Funding LLC, as the borrower (together with its successors and assigns in such capacity, the “Borrower”), NewStar Financial, Inc., as the originator (together with its successors and assigns in such
capacity, the “Originator”) and as the servicer (together with its successors and assigns in such capacity, the “Servicer”), Bleachers Finance 1 Limited, as the lender (as successor by assignment from MMP-7 Funding,
LLC, together with its successors and assigns in such capacity, the “Lender”), Natixis Financial Products LLC (formerly known as Natixis Financial Products Inc.), as the Administrative Agent (together with its successors and assigns
in such capacity, the “Administrative Agent”), and U.S. Bank National Association, as the trustee (together with its successors and assigns in such capacity, the “Trustee”). Capitalized terms used but not defined
herein shall have the meanings provided in the Secured Loan and Servicing Agreement (as defined below). 
 R E C I T A L S

 WHEREAS, the parties hereto are parties to that certain Amended and Restated Secured Loan and
Servicing Agreement, dated as of May 4, 2010 and effective as of May 21, 2010 (as further amended, supplemented, restated or replaced from time to time, the “Secured Loan and Servicing Agreement”); 

WHEREAS, the parties hereto desire to amend the Secured Loan and Servicing Agreement as provided herein;

 NOW, THEREFORE, based upon the above Recitals, the mutual premises and agreements contained herein,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION 1.  AMENDMENT TO SECURED LOAN AND SERVICING AGREEMENT. 
 The definition of “Fortress Notes” in Section 1.1 of the Secured Loan and Servicing Agreement is hereby amended and restated in its entirety as follows: 

““Fortress Notes”: Any promissory note made by the Company in favor of
(i) Fortress Credit Corp. or an Affiliate thereof or (ii) any fund or account managed, directly or indirectly, by Fortress Credit Corp. or an Affiliate thereof, in an aggregate principal amount not to exceed $125,000,000.” 

SECTION 2.  AGREEMENT IN FULL FORCE AND EFFECT AS AMENDED. 

Except as specifically amended hereby, all provisions of the Secured Loan and Servicing Agreement amended hereby shall
remain in full force and effect. After this Amendment becomes effective, all references to the “Secured Loan and Servicing Agreement,” “hereof,” “herein,” or 

 
words of similar effect referring to the Secured Loan and Servicing Agreement shall be deemed to mean the Secured Loan and Servicing Agreement as amended hereby. This Amendment shall not
constitute a novation of the Secured Loan and Servicing Agreement amended hereby, but shall constitute an amendment thereof. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Secured Loan
and Servicing Agreement amended hereby other than as expressly set forth herein. 
 SECTION 3.  REPRESENTATIONS AND
WARRANTIES. 
 Each of the Originator, the Borrower and the Servicer represents and warrants with
respect to itself as of the date of this Amendment as follows: 
 (a)      it is
duly incorporated or organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization; 
 (b)      the execution, delivery and performance by it of this Amendment are within its powers, have been duly authorized, and do not contravene (A) its charter,
by-laws, or other organizational documents, or (B) any Applicable Law; 

(c)      no consent, license, permit, approval or authorization of, or registration, filing
or declaration with any governmental authority, is required in connection with the execution, delivery, performance, validity or enforceability of this Amendment by or against it; 

(d)      this Amendment has been duly executed and delivered by it; 

(e)      this Amendment constitutes its legal, valid and binding obligation enforceable
against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by general principles
of equity; 
 (f)      it is not in default under the Secured Loan and Servicing
Agreement; and 
 (g)      after giving effect to this Amendment, there is no
Termination Event, Unmatured Termination Event, or Servicer Default. 
 SECTION 4.  CONDITIONS TO EFFECTIVENESS.

 The effectiveness of this Amendment is subject to the receipt by the Administrative Agent of executed
counterparts (or other evidence of execution, including facsimile signatures, satisfactory to the Administrative Agent) of this Amendment, which collectively shall have been duly executed on behalf of each of the parties hereto. 

SECTION 5.  MISCELLANEOUS. 
 (a)      This Amendment may be executed in any number of counterparts (including by facsimile or in portable document format (PDF)), and by the different parties hereto on
the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. 

 (b)      The descriptive headings of the
various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions hereof. 

(c)      This Amendment may not be amended or otherwise modified except as provided in the
Secured Loan and Servicing Agreement. 
 (d)      The failure or unenforceability
of any provision hereof shall not affect the other provisions of this Amendment. 

(e)      Whenever the context and construction so require, all words used in the singular
number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine. 

(f)      This Amendment represents the final agreement between the parties only with
respect to the subject matter expressly covered hereby and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements between the parties. There are no unwritten oral agreements between the parties. 

(g)      By its signature below, the Administrative Agent acknowledges that this Amendment
shall constitute the notice required by Section 2.1(d) of the Secured Loan and Servicing Agreement. In addition, each of the Administrative Agent and the Lender hereby authorizes and directs the Trustee to execute and deliver this Amendment.

 (h)      THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

[Remainder of Page Intentionally Left Blank] 

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

 

					
	THE BORROWER:	 	NEWSTAR SHORT-TERM FUNDING LLC
			
		 	By:	 	NewStar Financial, Inc., its Designated
		 	Manager
			
		 	By:	 	/s/ JOHN J. FRISHKOPF
		 		 	Name: John J. Frishkopf
		 		 	Title: Treasurer
		
	 THE ORIGINATOR AND

SERVICER:
	 	NEWSTAR FINANCIAL, INC.
			
		 	By:	 	/s/ JOHN J. FRISHKOPF
		 		 	Name: John J. Frishkopf
		 		 	Title: Treasurer

  
 [SIGNATURES CONTINUE ON NEXT
PAGE] 

  
 NewStar
Short-Term Funding LLC 
 Amendment No. 2 

					
	THE ADMINISTRATIVE AGENT:	 	NATIXIS FINANCIAL PRODUCTS LLC
			
		 	By:	 	/s/ KEVIN ALEXANDER
		 		 	Name: Kevin Alexander
		 		 	Title: Managing Director
			
		 	By:	 	/s/ ADAM W. TRUE
		 		 	Name: Adam W. True
		 		 	Title: Managing Director, Senior Counsel
		
	THE LENDER:	 	BLEACHERS FINANCE 1 LIMITED
			
		 	By:	 	/s/ JOHN L. FRIDLINGTON
		 		 	Name: John L. Fridlington
		 		 	Title: Attorney-in-Fact

  
 [SIGNATURES CONTINUE ON NEXT
PAGE] 

  
 NewStar
Short-Term Funding LLC 
 Amendment No. 2 

					
	THE TRUSTEE:	 	 U.S. BANK NATIONAL ASSOCIATION,
 not in its individual capacity but solely as Trustee

			
		 	By:	 	       /s/ SETH FRINK

		 		 	Name: Seth Frink
		 		 	Title: Assistant Vice President

  
 NewStar
Short-Term Funding LLC 
 Amendment No. 2EX-10(b)(11)(j)

 Exhibit 10(b)(11)(j) 
 EXECUTION COPY 
 CONSENT AND SECOND AMENDMENT TO AMENDED AND RESTATED NOTE
AGREEMENT 
 This CONSENT AND SECOND AMENDMENT TO AMENDED AND RESTATED NOTE AGREEMENT dated as of
November 5, 2012 (this “Amendment”), among NEWSTAR FINANCIAL, INC. (the “Company”), THE HOLDERS PARTY HERETO (the “Holders”) and FORTRESS CREDIT CORP., as contractual representative of the
Holders under the Note Agreement described below (in such capacity, together with its successors and assigns, the “Administrative Agent”). 
 WHEREAS, the Company has entered into a Note Agreement dated as of January 5, 2010 with the Holders and the Administrative Agent, as amended by that certain Amendment to Note Agreement dated as of
April 6, 2010 (as so amended, the “Original Note Agreement”), pursuant to which the Holders agreed, subject to the terms and conditions set forth therein, to make revolving loans to the Company; 

WHEREAS, the Company has entered into an Amended and Restated Note Agreement dated as of August 31, 2010 with the
Holders and the Administrative Agent, as amended by the First Amendment to Amended and Restated Note Agreement dated as of January 27, 2012 among the Company, the Holders and the Administrative Agent (as so amended and as it may be further
amended, modified, extended, supplemented or restated from time to time, the “Note Agreement”), which Note Agreement amended and restated the Original Note Agreement in its entirety and pursuant to which Note Agreement the Holders
agreed, subject to the terms and conditions set forth therein, to make term loans and revolving loans to the Company; 
 WHEREAS, the Company has requested that the Administrative Agent consent to the increase in the maximum stated principal amount of the Indebtedness under the Wachovia Facility from $150,000,000 to
$200,000,000 on the terms and conditions set forth in this Amendment. 
 NOW, THEREFORE, in consideration of the
promises and the mutual agreements contained in this Amendment, the Company, the Holders party hereto and the Administrative Agent hereby agree as follows: 
 1.        Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings set forth in the Note Agreement. 

2.        Consent of Administrative Agent. Subject to the satisfaction of
the conditions set forth in Section 6 below and in reliance on the representations and warranties set forth in Section 4, in accordance with Section 7.01(l) of the Note Agreement, the Administrative Agent hereby consents to the
increase of the maximum stated principal amount of the Indebtedness under the Wachovia Facility from the amount of $150,000,000 to the amount of up to $200,000,000 (it being understood and agreed that such maximum stated principal amount shall
initially be increased from $150,000,000 to $175,000,000 and may thereafter be further increased in one or more increments to an amount not to exceed $200,000,000 in the manner contemplated by the documentation executed on or about the date hereof
governing the Wachovia Facility without the need for any further consent of the Administrative Agent or the Holders). 

 3.        Amendment to Note
Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 6 below and in reliance on the representations and warranties set forth in Section 4, the Note Agreement is hereby amended as follows: 

(a) Amendment to Section 1.01 of the Note Agreement. Section 1.01 of the Note Agreement is hereby
amended by deleting the definition of “Investment Vehicle Equity Amount” in its entirety and substituting the following therefor: 
 “‘Investment Vehicle Equity Amount’ means, as at any date of determination, with respect to each Eligible Investment Vehicle, the product of (i) 0.35 multiplied by
(ii) the difference between (A) the Adjusted Loan Amount of all Obligor Loans held by such Eligible Investment Vehicle as of the Measurement Date ending on or most recently ended prior to such date and (B) the difference between
(1) the Investment Vehicle Debt of such Eligible Investment Vehicle as of the Measurement Date ending on or most recently ended prior to such date and (2) the Principal Cash of each Eligible Investment Vehicle as of such date,
provided that (a) so long as no party has any recourse to the Company in respect of any Indebtedness of an Eligible Investment Vehicle, the Investment Vehicle Equity Amount with respect to such Eligible Investment Vehicle shall not be an
amount less than zero, and (b) with respect to any Investment Vehicle Debt as to which a third party has total or partial recourse to the Company, the Investment Vehicle Equity Amount with respect to such Eligible Investment Vehicle may be less
than zero, but the amount by which such Investment Vehicle Equity Amount may be less than zero shall not exceed the Liquidated Recourse Amount in respect of such Investment Vehicle Debt, provided further, that, if the Company, the
Administrative Agent, the Subsidiary Guarantors and the Required Holders, as applicable, each acting reasonably, shall have failed, within 30 calendar days following the Second Amendment Effective Date, following negotiation in good faith, to
execute a further amendment to this Agreement (in addition to the Second Amendment) and an amendment to the Security Agreement, in each case, contemplating the matters described in the drafts dated October 26, 2012 circulated by legal counsel
to the Company (subject to such modifications, additions and revisions as the parties may mutually agree upon), the Investment Vehicle Equity Amount with respect to NewStar CP Funding LLC shall not exceed the Investment Vehicle Equity Amount with
respect to such Investment Vehicle reflected in the Borrowing Base Certificate delivered by the Company to the Administrative Agent which calculates the Borrowing Base as of October 31, 2012.” 

(b) Additional Amendment to Section 1.01 of the Note Agreement. Section 1.01 of the Note Agreement is
hereby further amended by inserting the following new definitions therein in appropriate alphabetical order: 
 “‘Second Amendment’ means the Consent and Second Amendment to Amended and Restated Note Agreement dated as of the Second Amendment Effective Date among the Company, the
Administrative Agent and the Holders party thereto. 
 “‘Second Amendment Effective
Date’ means November 5, 2012.” 

4.          No Default; Representations and Warranties, Etc. The
Company hereby represents, warrants, confirms and covenants that the execution, delivery and performance by the Company of this Amendment and the consummation of the transactions contemplated hereby (a) have been duly authorized by all
necessary action on the part of the Company, (b) have not violated, conflicted with or resulted in a default under and will not violate or conflict with or result in a default under (i) any applicable law or regulation, (ii) any term
or provision of the organizational documents of the Company or (iii) any term or provision of any indenture, agreement or other instrument binding on the Company or any of its assets, except, in the case of the foregoing clauses (i) and
(iii), to the extent that such violation, conflict or default could not reasonably be expected to result in a Material Adverse Effect, and (c) do not require any consent, waiver or approval of or by any Person which has not been obtained.

  
 2 

 5.        Ratification and
Confirmation. The Company hereby agrees and confirms that: 
 (a) the Note Agreement and each of the other
Note Documents, as amended and otherwise modified by the amendments specifically provided herein, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed; and 

(b) the liens and security interests granted in favor of the Administrative Agent for the benefit of itself and the
Holders under the terms of the Note Documents are perfected, effective, enforceable and valid and that such liens and security interests are, in each case, a first priority lien and security interest except to the extent otherwise expressly
permitted by the Note Documents and that such liens and security interests are hereby in all respects ratified and confirmed. 
 6.        Conditions to this Amendment. The effectiveness of this Amendment shall be subject to the Administrative Agent’s receipt an executed
counterpart of this Amendment from each of the Company and the Required Holders. 

7.        Miscellaneous. 

(a) Except as otherwise expressly set forth herein, nothing herein shall be deemed to constitute an amendment,
modification or waiver of any of the provisions of the Note Agreement or the other Note Documents, all of which remain in full force and effect as of the date hereof and are hereby ratified and confirmed. The Company acknowledges and agrees that
nothing contained herein shall be deemed to entitle such party to a consent to, or a waiver, amendment or modification of, any of the terms, conditions, obligations, covenants or agreements contained in the Note Documents in similar or different
circumstances or shall prejudice any right or rights which the Administrative Agent or any Holder now has or may have under, or in connection with, the Note Agreement, as amended hereby, the Note Documents, or any other documents referred to herein
or therein. 
 (b) Upon the effectiveness of this Amendment, each reference in the Note Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein,” “hereby” or words of like import shall mean and be a reference to the Note Agreement as amended hereby, and each reference to the Note Agreement in any other
document, instrument or agreement executed and/or delivered in connection with the Note Agreement shall mean and be a reference to the Note Agreement as amended hereby. 

(c) This Amendment may be executed in any number of counterparts, each of which, when executed and delivered, shall be an
original, but all counterparts shall together constitute one instrument. Whenever the terms or sections amended hereby shall be referred to in the Note Agreement, Note Documents or such other documents (whether directly or by incorporation into
other defined terms), such defined terms shall be deemed to refer to those terms or sections as amended by this Amendment. A signature page sent to the Administrative Agent or its counsel by facsimile or other electronic means (including in portable
document format (.pdf)) shall be effective as an original counterpart signature. 
 (d) THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH HOLDER SHALL RETAIN ALL RIGHTS ARISING
UNDER FEDERAL LAW. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. 
 (e) The Company agrees to pay all reasonable expenses, including legal fees and disbursements incurred by the Administrative Agent in connection with this Amendment and the transactions contemplated
hereby. 
 [Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment which
shall be deemed to be a sealed instrument as of the date first above written. 
  

							
		 	COMPANY	  	
			
		 	NEWSTAR FINANCIAL, INC.	  	
				
		 	By:	 	/s/ JOHN J. FRISHKOPF	  	
		 		 	John J. Frishkopf	  	
		 		 	Treasurer	  	
			
		 	ADMINISTRATIVE AGENT	  	
			
		 	 FORTRESS CREDIT CORP.,
 as Administrative Agent
	  	
				
		 	By:	 	/s/ CONSTANTINE M. DAKOLIAS	  	
		 		 	Name: Constantine M. Dakolias	  	
		 		 	Title: President	  	
			
		 	HOLDERS	  	
			
		 	 FORTRESS CREDIT OPPORTUNITIES I LP,
 as a Holder
	  	
			
		 	By: Fortress Credit Opportunities I GP LLC,	  	
		 	its general partner	  	
				
		 	By:	 	/s/ CONSTANTINE M. DAKOLIAS	  	
		 		 	Name: Constantine M. Dakolias	  	
		 		 	Title: President	  	
			
		 	 FORTRESS CREDIT FUNDING III LP,
 as a Holder
	  	
			
		 	By: Fortress Credit Funding III GP LLC,	  	
		 	its general partner	  	
				
		 	By:	 	/s/ CONSTANTINE M. DAKOLIAS	  	
		 		 	Name: Constantine M. Dakolias	  	
		 		 	Title: President	  	

  
 4 

							
		 	FORTRESS CREDIT FUNDING IV LP,
		 	as a Holder	  	
				
		 	By:	 	Fortress Credit Funding IV GP LLC,	  	
		 	its general partner	  	
				
		 	By:	 	 /s/ CONSTANTINE M. DAKOLIAS	  	
		 		 	Name: Constantine M. Dakolias	  	
		 		 	Title: President	  	

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]