Document:

AGCO EX 10.1

Exhibit 10.1

DATED  8TH  DAY OF DECEMBER 2014

(1) AGCO DO BRASIL COMÉRCIO E INDUSTRIA LTDA

(2) ANDRE CARIOBA

CONSULTANCY AGREEMENT

CONTENTS
	
				
	 
	 
	 
	 

	Clause
	 
	 
	Page No

	 
	 
	 
	 

	1.
	 
	Interpretation
	1

	 
	 
	 
	 

	2.
	 
	Consultancy Services
	2

	 
	 
	 
	 

	3.
	 
	Duration
	3

	 
	 
	 
	 

	4.
	 
	Consultant's Warranty
	3

	 
	 
	 
	 

	5.
	 
	Consultant's Obligations
	3

	 
	 
	 
	 

	6.
	 
	Consultancy Fees
	5

	 
	 
	 
	 

	7.
	 
	Intellectual Property Rights
	5

	 
	 
	 
	 

	8.
	 
	Termination
	6

	 
	 
	 
	 

	9.
	 
	Confidential Information
	7

	 
	 
	 
	 

	10.
	 
	Post-termination Restrictions
	8

	 
	 
	 
	 

	11.
	 
	Status and Tax Liabilities
	8

	 
	 
	 
	 

	12.
	 
	Notice
	8

	 
	 
	 
	 

	13.
	 
	General
	9

	 
	 
	 
	 

	 
	 
	Appendix
	11

THIS AGREEMENT is made on the 8th day of December 2014
BETWEEN:
		
	(1) 
	AGCO DO BRASIL COMÉRCIO E INDÚSTRIA LTDA., a company existing and organized under the laws of the Federal Republic of Brazil, enrolled with the Federal Taxpayer’s Roll (“CNPJ/MF”) under number 59.876.003/0001-36 with main place of business at Av. Guilherme Schell, 10.260, City of Canoas, State of Rio Grande do Sul, Brazil (hereinafter referred to as the “Company”); and

		
	(2) 
	ANDRE CARIOBA of  Rua Joaquim Jose Esteves, 60 ap 92 Cep 04740 000  Sao Paulo SP, Brasil

BACKGROUND
		
	(A)
	The Consultant has certain skills and abilities, which will be useful for the Company from time to time. 

		
	(B)
	The Consultant is an independent contractor willing to provide services to the Company as set out below.  Nothing in this Agreement shall be construed to constitute either party as the agent or employee of the other party for any purpose.

OPERATIVE PROVISIONS
		
	1.
	Interpretation

		
	1.1
	In this Agreement the following expressions have the following meanings unless inconsistent with the context:-

	
		
	Expression
	Meaning

	“the Agreement”
	this Consultancy Agreement

	“the Parties”
	the Company and the Consultant

	"Person"
	any individual, firm, partnership, or company;

1

	
		
	"the Services"
	the consultancy services to be provided under this Agreement as set out in the Appendix.

		
	1.2
	The headings to the clauses are for convenience only and have no legal effect.

		
	1.3
	References to statutory provisions shall be construed as including references to the corresponding provisions of any earlier statute amended, or replaced by such provisions, or re-enacted in such provisions, or the corresponding provisions of any subsequent statute amending, consolidating, extending or replacing such provisions, and shall include any orders, regulations, instruments or other subordinate legislation made under the relevant statute.

		
	1.4
	References to clauses and the Appendix are references to clauses of and the Appendix to this Agreement and references to this Agreement include the Appendix. 

		
	2.
	Consultancy Services

		
	2.1
	This Agreement stipulates the terms and conditions under which the Consultant shall provide to the Company the Services.

		
	2.2
	The Company hereby engages the Consultant to provide the Services to the Company and the Consultant hereby agrees to provide the Services upon the terms and conditions set out in this Agreement, whereas detailed scope of these services is described in the Appendix to this Agreement.

		
	2.3
	The Consultant is not allowed to conclude agreements on behalf of the Company.

		
	3.
	Duration

This Agreement shall commence on 1st day of January 2015 and shall continue until 1st July 2016 unless otherwise terminated in accordance with clause 8 of this Agreement.

2

		
	4.
	Consultant’s Warranty

The Consultant warrants that in entering this Agreement he is not in breach of any obligations owed to or rights of a third party.

		
	5.
	Consultant's Obligations

		
	5.1
	During the period of this Agreement the Consultant is retained by the Company to provide the Services at such times as may be required by the Company as necessary for the proper performance of the Consultant’s duties under this Agreement.  For the avoidance of doubt nothing in this Agreement creates an obligation upon the Company to provide work to the Consultant.

		
	5.2
	The Consultant shall provide the Services at such locations as the Company shall specify from time to time or at the Consultant’s premises.  Where such Services are requested and provided outside the Consultant’s premises, the Consultant’s reasonable travel expenses shall be reimbursed by the Company in accordance with the terms of the Company’s travel policy. Travel arrangements shall to the maximum extent possible be organised and paid for directly by the Company, any other approved travel expenses shall be reimbursed monthly by invoices with original receipts in accordance with the terms of the Company’s travel policy.

		
	5.3
	The Consultant shall ensure that the Services are performed with reasonable care and skill and to the best of the ability of the Consultant.

		
	5.4
	The Consultant shall be instructed by Martin Richenhagen, Chairman, President and Chief Executive Officer of AGCO Corporation, or/and by the Senior Vice President, North America and South America,  from time to time.

		
	5.5
	The Consultant may be engaged or employed in any other business, trade, profession or other activity which does not a) place the Consultant in a conflict of interest with the Company or b) influence the Consultant to act in a way which does not promote the best commercial interest of the Company; provided, that, during the Term, the Consultant shall not be engaged in any business activities that do or may compete with the business of the Company or perform any 

3

services for direct competitors of the Company without the Company's prior written consent

		
	5.6
	The Consultant agrees that he is not an employee of the Company by virtue of this Agreement or otherwise and shall in no way hold out to be an employee or make claims against the Company as an employee or former employee.

		
	5.7
	The Consultant covenants that no payments made to it by the Company or any associate or group company hereunder will go directly or indirectly to any official of a government for the purpose of: -

5.7.1            influencing an act or decision in an official capacity;

5.7.2            involving the official to use his or her influence with a government;  or

5.7.3            assisting the Company to obtain or retain business.

		
	5.8
	The Consultant covenants that the Company shall have the right to request and receive at any time for any period contact reports (such details as determined by the Company) in respect of any contact made by the Consultant or his associates with any government official or employee.

		
	5.9
	The Consultant covenants that he will comply with the Company's FCPA policies and procedures as are in place from time to time and as notified in writing to the Consultant.

		
	6.
	Consultancy Fees

		
	6.1
	Subject to performance of the Services to the satisfaction of the Company, the Company shall compensate the Consultant as follows: Year 2015 - BR 234,406; and Year 2016 - BR 175,894 subject to agreed adjustments (“the Consultancy Fees”) together with such reasonable expenses agreed with the Company from

4

 time to time.  The Company will provide a mobile telephone, laptop computer, medical insurance, accident insurance and the company motor vehicle to the Consultant for the duration of this Agreement. A Company determined bonus for year ended 2014, if any, will be paid in 2015. The Consultant will be entitled to accrue benefits under the AGCO Corporation Long-Term Incentive Plan in place during the term of this Agreement.

		
	6.2
	Provided that the Company is satisfied with the performance of the Services the Consultancy Fees shall be payable monthly in arrears within 7 days of receipt by the Company of the Consultant's invoice for the Services. The invoice shall be accompanied by original receipts in respect of any expenses being claimed.

		
	6.3
	All payments made by the Company to the Consultant under or in connection with this Agreement shall be deemed to be gross of any income tax liabilities and/or social security or similar contributions.

		
	7.
	Intellectual Property Rights

		
	7.1
	If at any time during this Agreement the Consultant (whether alone or with any other Person) in the course of the provision of the Services makes or discovers, or participates in the making or discovery of any design or copyright work, invention, development, discovery, improvement, or process (whether capable of protection by registration or not) (“a Work”) the Consultant shall treat the said Work and all information relating thereto as confidential to the Company and shall promptly disclose to the Company full details, including preparatory works, drawings and models (if any) of such Work.  The property, including all intellectual property rights in such Work shall vest in the Company absolutely and the Consultant hereby assigns to the Company all its right, title and interest in any intellectual property rights in such Work with full title guarantee which assignment shall take effect as a current assignment of future rights to the extent necessary. 

		
	7.2
	Notwithstanding any prior termination of this Agreement, at the request and expense of the Company, the Consultant shall:-

5

		
	7.2.1
	do all things necessary or desirable to enable the Company or its nominee to confirm absolute title to and ownership of and to obtain the benefit of the Work and to secure design, patent or other appropriate forms of protection for it throughout the world;

		
	7.2.2
	provide to the Company all such assistance as the Company may require in relation to the resolution of any questions concerning any patent, copyright or other intellectual property proprietary rights assigned by virtue of this clause 7,

and decisions as to the procuring of a patent or other appropriate protection and exploitation shall be in the sole discretion of the Company.
		
	7.3
	The Consultant irrevocably appoints the Company to be its attorney in its name and on its behalf to execute, sign and do all such deeds, instruments or things and generally to use the Consultant's name for the purpose of giving to the Company or its nominee the full benefit of the provisions of this clause 7.

		
	8.
	Termination

		
	8.1
	The Company may by notice in writing terminate this Agreement with immediate effect if the Consultant shall:-

		
	8.1.1
	be in breach of any of the terms of this Agreement where such breach is not capable of remedy;

		
	8.1.2
	be in breach of any of the terms of this Agreement which in the case of a breach capable of remedy is not remedied by the Consultant within 14 days of receipt by the Consultant of a notice from the Company specifying the breach and requiring its remedy; or

		
	8.1.3
	becomes bankrupt.

		
	9.
	Confidential Information

6

		
	9.1
	The Consultant shall treat as secret and confidential and not at any time both during and at any time after this Agreement for any reason disclose or permit to be disclosed to any Person or otherwise make use of or permit to be made use of any information relating to the Company's business affairs, intellectual property information, finances or any such information relating to a subsidiary, supplier, customer or client of the Company where knowledge or details of the information was received during the period of this Agreement or previously. 

		
	9.2
	Upon termination of this Agreement for whatever reason or at any time during this Agreement upon request from the Company the Consultant will deliver up to the Company all property of the Company, including working papers or other material (in whatever format) and copies provided to it pursuant to this Agreement or prepared by it either in pursuance of this Agreement or previously. 

		
	10.
	 Post-termination Restrictions

		
	10.1
	The Consultant shall not, directly or indirectly, in any capacity, for a period of 6 months immediately following the termination of this Agreement canvass, solicit or approach or cause to be canvassed, solicited or approached for orders any Person who at any time during the 12 months immediately preceding the date of termination is or was a competitor of the Company where the orders relate to goods and/or services which are competitive with or of the type supplied by the Company in respect of the supply of which the Consultant was engaged or concerned during the last 12 months immediately preceding the date of termination of this Agreement.

		
	10.2
	Whilst the restrictions in this clause 10 are regarded by the Parties as fair and reasonable, being necessary to protect the legitimate business interest of the Company, it is hereby declared that each of the restrictions in this clause is separate and severable.

		
	11.
	Status and Tax Liabilities

7

		
	11.1
	The Consultant shall be responsible for any tax or other deductions whatsoever to be made from the Consultancy Fees and accounting to any tax authority for the same.

		
	11.2
	The parties agree that, in the performance of their respective obligations hereunder, they are and shall be independent contractors.  Nothing in this Agreement shall be construed to constitute either party as the agent or employee of the other party for any purpose.

		
	12.
	Notice

		
	12.1
	Any demand, notice or communication shall be deemed to have been duly served:-

		
	12.1.1
	if delivered by hand, when left at the address for service provided for in this clause; or

		
	12.1.2
	if sent by recorded post, 24 hours after being posted (excluding Saturdays, Sundays and public holidays).

		
	12.2
	Any demand, notice or communication pursuant to this Agreement must be made in writing addressed to the recipient at the recipient's address stated in this Agreement or at such other address as may from time to time be notified in writing by the recipient to the sender as the recipient's address for service.

		
	13.
	General

		
	13.1
	This Agreement is in substitution for any previous agreements between the Company and the Consultant. 

		
	13.2
	Any waiver of any breach of, or default under, any of the terms of this Agreement by the Company shall not be deemed a waiver of any subsequent breach or default and shall in no way affect the other terms of this Agreement.

		
	13.3
	If any provision or part of any provision of this Agreement is found by a Court or other competent authority to be void or unenforceable, such provision or part of 

8

a provision shall be deleted from this Agreement and the remaining provisions or parts of the provision shall continue in full force and effect. 

		
	13.4
	This Agreement and the negotiations between the Consultant and the Company, and all disputes and claims arising out of or in connection with them, will be governed by, and construed in accordance with, the laws of Brazil and each party shall submit to the exclusive jurisdiction of the Courts of the State of Rio Grande do Sul, Brazil. 

9

 
SIGNED by AGCO DO BRASIL COMÉRCIO E INDÚSTRIA LTDA    
        
	
					
	 
	)
	 
	/s/ Julio Escossi
	 

	 
	 
	 
	 
	 

	acting by 
	)
	 
	/s/ Luiz Fernandes Ghiggi
	 

	 
	 
	 
	 
	 

    
	
					
	 
	 
	 
	 
	 

	SIGNED by ANDRE CARIOBA    
	)
	 
	/s/ Andre Carioba
	 

	 
	 
	 
	 
	 

    

10

Appendix

The Services

The Services specified below may be updated or amended by the Company in writing from time to time: 

		
	1.
	General management and consultancy services and advice under the title of “Chairman of the AGCO South America Consultancy Board”, if such consultancy board is established and agreed by the Company;

		
	2.
	Develop and implement a Latin American Summit for the Company;

		
	3.
	As directed by the Company, perform specific assignments and/ or special projects in Europe.

11Exhibit 10.1

Exhibit 10.1

THIRD AMENDMENT TO LOAN 
AND SECURITY AGREEMENT

This THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), is dated as of December 8, 2014, by and among, on the one hand, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo”), CITIZENS BUSINESS CAPITAL, f/k/a RBS Citizens Business Capital, a division of Citizens Asset Finance, Inc., f/k/a RBS Asset Finance, Inc. (“Citizens”), and the other lenders identified on the signature pages hereof (Wells Fargo, Citizens, and such other lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as lead arranger (in such capacity, together with its successors and assigns in such capacity, the “Lead Arranger”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as the administrative agent (in such capacity, together with its successors and assigns in such capacity, “Agent”) for the Lenders and the Bank Product Provider, and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (in such capacity together with its successors and assigns in such capacity, “Trustee”) and as Collection Account Bank, and, on the other hand, NEWSTAR BUSINESS FUNDING 2012-1, LLC, a Delaware limited liability company (“Borrower”), and NEWSTAR BUSINESS CREDIT, LLC, a Delaware limited liability company (“Servicer”).

WITNESSETH:

WHEREAS, Borrower, Servicer, the Lenders, Agent, and Trustee are parties to that certain Loan and Security Agreement, dated as of December 7, 2012, as amended by that certain Joinder Agreement and First Amendment to Loan and Security Agreement, dated as of April 1, 2014, and as amended by that certain Second Amendment to Loan and Security Agreement, dated as of May 5, 2014 (as amended, the “Loan Agreement”); 

WHEREAS, Borrower and Servicer have requested that Agent and the Lenders agree to (i) extend the Maturity Date, (ii) increase the Maximum Revolver Amount under the Loan Agreement, and (iii) amend certain provisions of the Loan Agreement, in each case, in accordance with the terms and conditions hereof; 

WHEREAS, Agent and the Lenders have agreed to (i) extend the Maturity Date, (ii) increase the Maximum Revolver Amount under the Loan Agreement, and (iii) amend the Loan Agreement, in each case, subject to the terms and conditions set forth herein; and

WHEREAS, Agent and the Lenders hereby direct the Trustee to join in executing this Amendment;

NOW THEREFORE, in consideration of the premises and the mutual covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

SECTION 1.  Defined Terms.  Unless otherwise defined herein, all capitalized terms used herein have the meanings assigned to such terms in the Loan Agreement, as amended hereby.

SECTION 2.  Amendments.  

(a)    Upon the Third Amendment Effective Date (as defined below), the following definitions set forth in Section 1.1 of the Loan Agreement shall be deleted in their entirety and replaced, respectively, as follows:
“‘Available Increase Amount’ means, as of any date of determination, an amount equal to the result of (a) $190,000,000 minus (b) the aggregate principal amount of Increases to the Commitments made pursuant to Section 2.2 of this Agreement after the Third Amendment Effective Date.
“‘Borrowing Base’ means, as of any date of determination, the result of:
(a)    85% of the aggregate outstanding balance of Eligible Portfolio Loans; provided, that, with respect to any request for a Pre-Funded Advance, the applicable proposed Portfolio Loan or Purchased Participation shall be assumed to be an Eligible Portfolio Loan for purposes of calculating the Borrowing Base as of the Funding Date for such Advance (but for the avoidance of doubt, from and after the Portfolio Loan Origination Date for such Portfolio Loan or Purchased Participation, it shall not continue to qualify as an Eligible Portfolio Loan unless it has met the criteria therefor), plus 
(b)    80% (or such lower advance rate as may be required by the Intercreditor Agreement) of the aggregate outstanding balance of Eligible Split-Funded Loans; provided, that, with respect to any request for a Pre-Funded Advance, such proposed Portfolio Loan or Purchased Participation shall be assumed to be an Eligible Split-Funded Loan for purposes of calculating the Borrowing Base as of the Funding Date for such Advance (but for the avoidance of doubt, from and after the Portfolio Loan Origination Date for such Portfolio Loan or Purchased Participation, it shall not continue to qualify as an Eligible Split-Funded Loan unless it has met the criteria therefor), plus
(c)    50% of the Eligible Stretch Loan Fundings, minus
(d)    the aggregate amount of reserves, if any, established by Agent under Section 2.1(d) of this Agreement.
“‘Letter of Credit Sublimit’ means, as of any date of determination, (a) with respect to Letters of Credit, an amount equal to 10% of the aggregate Commitments of all Lenders in effect on such date, and (b) as a further sublimit thereof, with respect to Bankers’ Acceptances, an amount equal to 2% of the aggregate Commitments of all Lenders in effect on such date. For purposes of illustration, with assumed aggregate Commitments of $100,000,000, the Letter of Credit Sublimit is equal to $10,000,000 for all Letters of Credit, and as a sublimit thereof, $2,000,000 of such $10,000,000 may constitute Bankers’ Acceptances.

“‘Maturity Date’ means the earliest of (a) the date that is the fifth anniversary of the Closing Date, (b) the date that Borrower terminates the Commitments pursuant to Section 2.4(a) of this Agreement, or (c) the date that Agent or Required Lenders declare the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product Obligations) to be immediately due and payable pursuant to Section 8.1 of this Agreement.
“‘Maximum Revolver Amount’ means (a) prior to the Maturity Date, $110,000,000, as such amount may be increased by the amount of increases in the Commitments made in accordance with Section 2.2 of this Agreement or decreased in accordance with Section 2.4(b), and (b) from and after the Maturity Date, $0.”
(b)    Upon the Third Amendment Effective Date, the following definitions are hereby added to Section 1.1 of the Loan Agreement in a manner that maintains alphabetical order:

“‘Eligible Stretch Loan Fundings’ means, as of any date of determination, the aggregate amount of all advances to Obligors under Stretch Loans (in excess of the outstanding principal amount of Permitted Stretch Loans), to the extent each of the following conditions is satisfied as to such advances: (a) each such Stretch Loan, or portion thereof, would constitute a “Permitted Stretch Loan” except that the applicable Portfolio Company has failed to maintain excess availability under its borrowing base equal to or greater than the amount of such Stretch Loan; (b) each such Stretch Loan, or portion thereof, does not exceed the advance rates or other limitations set forth in the applicable Portfolio Loan Documents; (c) each such Stretch Loan, or portion thereof, would constitute a Preliminary Eligible Portfolio Loan but for its failure to comply with clause (n) of the definition of Preliminary Eligible Portfolio Loan; and (d) such advances are not in excess of five percent (5%) of the sum of the (i) aggregate unpaid principal balance of the Preliminary Eligible Portfolio Loans and (ii) aggregate unpaid principal balance of the Preliminary Eligible Split-Funded Loans as of such date of determination.

“‘Third Amendment Effective Date’ means December 8, 2014.”

(c)    Upon the Third Amendment Effective Date, Section 2.2(a) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

“(a)    At any time from and after the Third Amendment Effective Date, and so long as Borrower has at no time reduced the Commitments pursuant to Section 2.4(b), at the option of Borrower (but subject to the conditions set forth in Section 2.2(b) below), the Commitments and the Maximum Revolver Amount may be increased by an amount in the aggregate for all such increases of the Commitments and the Maximum Revolver Amount not to exceed the Available Increase Amount (each such increase, an “Increase”).  Agent shall invite each Lender to increase its Commitments (it being understood that no Lender shall be obligated to increase its Commitments) in connection with a proposed Increase at the interest margin proposed by Borrower, and if sufficient Lenders do not agree to increase their Commitments in connection with such proposed Increase, then Agent or Borrower may 

invite any prospective lender who is reasonably satisfactory to Agent and Borrower to become a Lender in connection with a proposed Increase.  Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Commitments after the Third Amendment Effective Date exceed $190,000,000 and the Maximum Revolver Amount shall not exceed $300,000,000.”

(d)    Upon the Third Amendment Effective Date, each of Exhibit B-1 and Revised Schedule C-1 to the Loan Agreement is hereby deleted in its entirety and replaced with Revised Exhibit B-1 and Second Revised Schedule C-1 to the Loan Agreement, respectively, in the form attached hereto and incorporated herein.  Borrower, Servicer, Agent, the Lenders, and Trustee hereby acknowledge and agree that, as of the Third Amendment Effective Date, Second Revised Schedule C-1, in the form attached hereto, accurately reflects the Commitments of the Lenders.

SECTION 3.    Representations, Warranties and Covenants of Each of Borrower and Servicer.  Each of Servicer and Borrower represents and warrants to the Lenders and Agent and agrees that:
(a)    the representations and warranties contained in the Loan Agreement (as amended hereby) and the other outstanding Loan Documents are true and correct in all material respects at and as of the date hereof as though made on and as of the date hereof, except (i) to the extent specifically made with regard to a particular date and (ii) for such changes as are a result of any act or omission specifically permitted under the Loan Agreement (or under any Loan Document), or as otherwise specifically permitted by the Lender Group;
(b)    on the Third Amendment Effective Date, after giving effect to this Amendment, no Default or Event of Default will have occurred or be continuing;
(c)    the execution, delivery and performance of this Amendment have been duly authorized by all necessary action on the part of, and duly executed and delivered by each of Servicer and Borrower, and this Amendment is a legal, valid and binding obligation of each of Servicer and Borrower, enforceable against such Person in accordance with its terms, except as the enforcement thereof may be subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law); and
(d)    the execution, delivery and performance of this Amendment do not conflict with or result in a breach by Borrower or Servicer of any term of any material contract, loan agreement, indenture or other agreement or instrument to which such Person is a party or is subject.
SECTION 4.    Conditions Precedent to Effectiveness of Amendment.  This Amendment shall become effective as of the Third Amendment Effective Date upon satisfaction of each of the following conditions:
(a)    Each of Servicer, Borrower, the Lenders, Agent, and Trustee shall have executed and delivered to the Agent this Amendment and such other documents as the Agent may reasonably request;

(b)    Parent shall have executed a reaffirmation of guaranty in the form attached hereto;
(c)    Borrower shall have executed and delivered to Agent a second amended and restated Agent Fee Letter, in form and substance satisfactory to Agent; 
(d)    Agent shall have received, in accordance with the terms and conditions of the second amended and restated Agent Fee Letter, any and all fees due and payable to Agent, for its sole and separate account, as a result of the transactions contemplated by this Amendment, which fees Borrower hereby agrees (i) may be designated as Advances under the Loan Agreement, and (ii) may be charged to the Loan Account as Obligations;
(e)    Borrower shall have delivered to Agent updated pro forma Projections in accordance with Section 9.12(c) of the Loan Agreement for Servicer, Borrower and Borrower’s Subsidiaries evidencing compliance on a pro forma basis with Sections 6.1(q), 6.1(r), and 6.1(s) of the Loan Agreement, for the 4 fiscal quarters (on a quarter-by-quarter basis) immediately following the Third Amendment Effective Date; 
(f)    Agent shall have received a certificate from an authorized representative of Borrower and Servicer attesting to the resolutions adopted by the Board of Directors of Parent, as (i) sole member of Servicer, and (ii) designated manager of Borrower, authorizing the execution, delivery and performance by Borrower and Servicer of this Amendment and the other Loan Documents to be delivered in connection herewith; 
(g)    Citizens shall have received (i) an amended and restated Revolving Credit Note, in form and substance satisfactory to Citizens, reflecting the Increase to Citizens’ Commitment as of the Third Amendment Effective Date, (ii) an amended and restated fee letter, in form and substance satisfactory to Citizens, and (iii) in accordance with the terms and conditions of the amended and restated fee letter for Citizens, any and all fees due and payable to Citizens, for its sole and separate account, as a result of the terms and conditions of this Amendment, which fees Borrower hereby agrees (A) may be designated as Advances under the Loan Agreement, and (B) may be charged to the Loan Account as Obligations; and
(h)    All legal matters incident to the transactions contemplated hereby shall be reasonably satisfactory to counsel for the Agent.
SECTION 5.    Execution in Counterparts.  This Amendment may be executed in counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.
SECTION 6.    Costs and Expenses.  Borrower hereby affirms its obligation under the Loan Agreement to reimburse the Agent and each Lender for all Lender Group Expenses paid or incurred by the Agent or any Lender in connection with the preparation, negotiation, execution and delivery of this Amendment, including but not limited to the attorneys’ fees and expenses of attorneys for the Agent and each Lender with respect thereto.

SECTION 7.    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUCTED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE INTERNAL CONFLICTS OF LAWS PROVISIONS THEREOF.
SECTION 8.  Effect of Amendment; Reaffirmation of Loan Documents.  (a)  The parties hereto agree and acknowledge that (i) nothing contained in this Amendment in any manner or respect limits or terminates any of the provisions of the Loan Agreement or the other outstanding Loan Documents other than as expressly set forth herein and (ii) the Loan Agreement (as amended hereby) and each of the other outstanding Loan Documents remain and continue in full force and effect and are hereby ratified and reaffirmed in all respects.  Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Loan Agreement as amended hereby.
(b)    Execution of this Amendment by the Lenders and Agent (i) shall not constitute a waiver of any Default or Event of Default that may currently exist or hereafter arise under the Loan Agreement, (ii) shall not impair, restrict or limit any right or remedy of the Lenders or Agent with respect to any Default or Event of Default that may now exist or hereafter arise under the Loan Agreement or any of the other Loan Documents, and (iii) shall not constitute any course of dealing or other basis for altering any obligation of Borrower or Servicer, or any right, privilege or remedy of the Lenders and Agent under the Loan Agreement or any of the other Loan Documents.

SECTION 9.  Headings.  Section headings in this Amendment are included herein for convenience of any reference only and shall not constitute a part of this Amendment for any other purposes.
SECTION 10.  Release.  EACH OF SERVICER AND BORROWER HEREBY ACKNOWLEDGES THAT AS OF THE DATE HEREOF IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET, CROSS‐COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF BORROWER’S LIABILITY TO REPAY THE OBLIGATIONS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM LENDERS, AGENT, TRUSTEE, OR THEIR RESPECTIVE AFFILIATES, PARTICIPANTS OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, AGENTS, EMPLOYEES OR ATTORNEYS.  EACH OF SERVICER AND BORROWER HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES LENDERS, AGENT, TRUSTEE, THEIR RESPECTIVE AFFILIATES AND PARTICIPANTS, AND THEIR PREDECESSORS, AGENTS, OFFICERS, DIRECTORS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS EXECUTED, WHICH SERVICER OR BORROWER MAY NOW OR HEREAFTER HAVE AGAINST 

LENDERS, AGENT, TRUSTEE, OR THEIR RESPECTIVE PREDECESSORS, AGENTS, OFFICERS, DIRECTORS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM THE LIABILITIES, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE LOAN AGREEMENT OR OTHER LOAN DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AMENDMENT.  EACH OF SERVICER AND BORROWER HEREBY COVENANTS AND AGREES NEVER TO INSTITUTE ANY ACTION OR SUIT AT LAW OR IN EQUITY, NOR INSTITUTE, PROSECUTE, OR IN ANY WAY AID IN THE INSTITUTION OR PROSECUTION OF ANY CLAIM, ACTION OR CAUSE OF ACTION, RIGHTS TO RECOVER DEBTS OR DEMANDS OF ANY NATURE AGAINST LENDERS, AGENT, TRUSTEE, THEIR RESPECTIVE AFFILIATES AND PARTICIPANTS, OR THEIR RESPECTIVE SUCCESSORS, AGENTS, ATTORNEYS, OFFICERS, DIRECTORS, EMPLOYEES, AND PERSONAL AND LEGAL REPRESENTATIVES ARISING ON OR BEFORE THE DATE HEREOF OUT OF OR RELATED TO LENDERS’, AGENT’S, OR TRUSTEE’S ACTIONS, OMISSIONS, STATEMENTS, REQUESTS OR DEMANDS IN ADMINISTERING, ENFORCING, MONITORING, COLLECTING OR ATTEMPTING TO COLLECT THE OBLIGATIONS OF BORROWER TO LENDERS AND AGENT, WHICH OBLIGATIONS ARE EVIDENCED BY THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS.

[Remainder of page intentionally left blank with signature pages immediately to follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as of the date first above written.
	
					
	BORROWER:
	NEWSTAR BUSINESS FUNDING 2012-1, LLC, a Delaware limited liability company, as Borrower

	 
	 

	 
	By:
	NEWSTAR FINANCIAL, INC.,

	 
	 
	its designated manager

	 
	 
	 

	 
	 
	 

	 
	 
	By:       /s/ JOHN KIRBY BRAY

	 
	 
	Name:  John  Kirby Bray

	 
	 
	Title:    Chief Financial Officer

	 
	 

	 
	 

	SERVICER:
	NEWSTAR BUSINESS CREDIT, LLC, a Delaware limited liability company, as initial Servicer

	 
	 

	 
	By:
	NEWSTAR FINANCIAL, INC.,

	 
	 
	its sole member

	 
	 

	 
	 

	 
	 
	By:       /s/ JOHN KIRBY BRAY

	 
	 
	Name:  John Kirby Bray

	 
	 
	Title:    Chief Financial Officer

	 
	 

	 
	 

	TRUSTEE:
	U.S. BANK NATIONAL ASSOCIATION, a national banking association, as initial Trustee and Collection Account Bank

	 
	 

	 
	 

	 
	By:
	/s/ TOBY ROBILLARD

	 
	Name:
	Toby Robillard

	 
	Title:
	Vice President

	 
	 

	 
	 

	AGENT:
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
a national banking association, as Agent, Issuing Bank, Swing Lender, and as a Lender

	 
	 

	 
	 

	 
	By:
	/s/ GINGER H. BROWN

	 
	Name:
	Ginger H. Brown

	 
	Title:
	Senior Vice President

	 
	 
	 

	[continued on next page]

	
					
	LENDER:
	CITIZENS BUSINESS CAPITAL, f/k/a RBS Citizens Business Capital, a division of Citizens Asset Finance, Inc., f/k/a RBS Asset Finance, Inc., as a Lender

	 

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ DONALD B.LEWIS

	 
	Name:
	Donald B. Lewis

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

Reaffirmation of Guaranty

The undersigned (“Guarantor”) hereby (i) consents and agrees to the terms and provisions of the foregoing Amendment and each of the transactions contemplated thereby and confirms and agrees that all references in the Loan Documents to the “Loan Agreement” shall mean the Loan Agreement as amended by the foregoing Amendment, and (ii) agrees that the Limited Continuing Guaranty (the “Guaranty”), dated as of December 7, 2012, executed by Guarantor, in favor of Agent, remains in full force and effect and continues to be the legal, valid and binding obligation of Guarantor enforceable against Guarantor in accordance with its terms.

Furthermore, Guarantor hereby agrees and acknowledges that (a) the Guaranty is not subject to any claims, defenses or offsets, (b) nothing contained in the foregoing Amendment shall adversely affect any right or remedy of Agent or any Lender under the Guaranty or any agreement executed by Guarantor in connection therewith, (c) the execution and delivery of the foregoing Amendment or any agreement entered into by Agent or any Lender in connection therewith shall in no way reduce, impair or discharge any obligations of Guarantor pursuant to the Guaranty and shall not constitute a waiver by Agent or any Lender of any of Agent’s or such Lender’s rights against Guarantor under the Guaranty, (d) the consent of Guarantor is not required to the effectiveness of the foregoing Amendment, and (e) no consent by Guarantor is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Loan Agreement or any present or future Loan Document (other than the Guaranty executed by Guarantor).

	
								
	 
	 
	 
	 
	 
	 
	NEWSTAR FINANCIAL, INC., 
a Delaware corporation, as Guarantor

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	By:
	/s/ JOHN KIRBY BRAY

	 
	 
	 
	 
	 
	 
	Name:
	John Kirby Bray              

	 
	 
	 
	 
	 
	 
	Title:
	Chief Financial Officer    

	 
	 
	 
	 
	 
	 
	 

Revised Exhibit B-1

Form of Borrowing Base Certificate

[See attached]

Second Revised Schedule C-1

Commitments

	
				
	Lender
	Total Commitment

	Wells Fargo Bank, National Association

	

	$75,000,000.00
	

	Citizens Business Capital
	

	$35,000,000.00
	

	 
	 

	 
	 

	 
	 

	All Lenders
	

	$110,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}]]