Document:

Exhibit 10.66

 

FIRST AMENDMENT TO THE
 LAUREATE EDUCATION, INC. 2013 LONG-TERM INCENTIVE PLAN

 

This First Amendment to the Laureate Education, Inc. 2013 Long-Term Incentive Plan (this “First Amendment”), effective as of September 17, 2015, is made and entered into by Laureate Education, Inc., a Maryland corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Laureate Education, Inc. 2013 Long-Term Incentive Plan (the “Plan”).

 

RECITALS

 

WHEREAS, Article 15 of the Plan provides that the Board of Directors of the Company (the “Board”) may amend the Plan at any time; and

 

WHEREAS, the Board desires to amend the Plan, to increase the aggregate number of shares of Common Stock issuable pursuant to Awards that may be granted under the Plan as set forth in Article 5 of the Plan; and

 

WHEREAS, the Board intends to submit this Amendment to the Company’s shareholders for approval.

 

NOW, THEREFORE, in accordance with Article 15 of the Plan, the Company hereby amends the Plan as follows:

 

1.     Section 5(a) of the Plan is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new Section 5(a):

 

5(a)         Initial Share Pool.  As of the effective date of the First Amendment, the number of shares of Common Stock issuable pursuant to Awards that may be granted under the Plan (the “Share Pool”) shall be equal to the sum of (i) 33,174,120 shares plus (ii) the number of unallocated shares of Common Stock available for issuance as of the Effective Date under Laureate’s 2007 Plan that are not then subject to outstanding Awards.

 

2.     This Amendment shall be effective on the date first set forth above. In the event shareholder approval of this Amendment is not obtained within twelve (12) months of the date the Board approved this Amendment, the additional shares added to the Plan pursuant to this Amendment shall not be available for grant as incentive stock options within the meaning of Section 422 of the Code.

 

3.     Except as expressly amended by this Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof.

 

[Remainder of Page Intentionally Left Blank Signature Page Follows]

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written above.

 

LAUREATE EDUCATION, INC.

 

	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
Name:
    	
Robert W.   Zentz
    
	
 
    	
Title:
    	
SVP,   General Counsel and SecretaryExhibit 10.67

 

SECOND AMENDMENT TO THE
 LAUREATE EDUCATION, INC. 2013 LONG-TERM INCENTIVE PLAN

 

This Second Amendment to the Laureate Education, Inc. 2013 Long-Term Incentive Plan (this “Second Amendment”), effective as of December 14, 2016, is made and entered into by Laureate Education, Inc., a Delaware public corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Laureate Education, Inc. 2013 Long-Term Incentive Plan (the “Plan”).

 

RECITALS

 

WHEREAS, Article 15 of the Plan provides that the Board of Directors of the Company (the “Board”) may amend the Plan at any time; and

 

WHEREAS, the Board desires to amend the Plan, to increase the aggregate number of shares of Common Stock issuable pursuant to Awards that may be granted under the Plan as set forth in Article 5 of the Plan; and

 

WHEREAS, the Board intends to submit this Amendment to the Company’s shareholders for approval.

 

NOW, THEREFORE, in accordance with Article 15 of the Plan, the Company hereby amends the Plan as follows:

 

1.              Section 5(a) of the Plan is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new Section 5(a):

 

5(a)                          Initial Share Pool.  As of the effective date of the Second Amendment, the number of shares of Common Stock issuable pursuant to Awards that may be granted under the Plan (the “Share Pool”) shall be equal to the sum of (i) 48,683,673 shares plus (ii) the number of unallocated shares of Common Stock available for issuance as of the Effective Date under Laureate’s 2007 Plan that are not then subject to outstanding Awards.

 

2.              This Amendment shall be effective on the date first set forth above. In the event shareholder approval of this Amendment is not obtained within twelve (12) months of the date the Board approved this Amendment, the additional shares added to the Plan pursuant to this Amendment shall not be available for grant as incentive stock options within the meaning of Section 422 of the Code.

 

3.              Except as expressly amended by this Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof.

 

[Remainder of Page Intentionally Left Blank Signature Page Follows]

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written above.

 

	
 
    	
LAUREATE   EDUCATION, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Robert W.   Zentz
    
	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
Senior   Vice President and General Counselcnxr-ex101_7.htm

 

 

 

 
 
 

 

Exhibit 10.1

 

AMENDMENT NO. 2 TO

SEPARATION PAY AGREEMENT

 

This Amendment No. 2 to Separation Pay Agreement (this “Amendment”), dated as of December 14, 2016 (the “Effective Date”), is by and between Connecture, Inc., a Delaware corporation (the “Company”), and James P. Purko

(the “Executive”).

 

WHEREAS, the Executive and the Company are parties to a Separation Pay Agreement dated and effective as of July 23, 2012 and Amendment No. 1 to the Separation Agreement dated April 29, 2015 (the “Separation Agreement”) pursuant to which Executive is entitled to nine (9) months’ severance in the event of his termination without cause (as defined in the Separation Agreement); and

 

WHEREAS, the Executive and the Company now wish to amend the Separation Agreement to extend the period of severance that Executive is entitled to in the event of his termination without cause to a period of twelve (12) months from the date of termination and to provide that Executive will receive an additional cash payment on Executive’s last day of employment.

 

NOW, THEREFORE, the parties hereto hereby agree as follows, effective as of the Effective Date:

 

	
 
	
1.
	
Section 3(B)(i) of the Separation Agreement is amended and restated in its entirety to read as follows:

 

“make payments to You in twelve (12) equal installments for a period of twelve (12) months (the “Separation Pay Period”) on the last day of each month (each such payment to be a “Separation Payment”). Each Separation Payment shall be for an amount equal to one twelfth (1/12) of Your then-current annual base salary. If the last day of the month falls on a weekend or a legal holiday, the respective Separation Payment will be paid on the business day immediately preceding such day. Except as provided in the previous sentence, under no circumstances will any Separation Payment to be made under this sub-paragraph be accelerated or deferred;”

 

	
 
	
2.
	
Section 3(B)(ii) of the Separation Agreement is amended and restated in its entirety to read as follows: 

 

“reimburse Your and Your eligible dependents’ actual Consolidated Omnibus Budget Reconciliation Act (“COBRA”) premium under the Company’s major medical group health plan on a monthly basis for a period of twelve (12) months; and”

 

	
 
	
3.
	
Section 3(B)(iii) of the Separation Agreement is amended and restated in its entirety to read as follows:

 

“pay You a lump sum payment for Your accrued, unused vacation as of the date of termination (if applicable), well as a one-time payment of $12,500.”

 

 

 

 

[Remainder of page intentionally left blank]

 

 

 

 

 

 

 
 
 

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the Effective Date.

 

 

	
 
	
 
	
CONNECTURE, INC.

	
 
	
 
	
 

	
 
	
 
	
/s/ Jeffery A. Surges

	
 
	
 
	
Jeffery A. Surges

Chief Executive Officer and President

	
 
	
 
	
 

	
 
	
 
	
EXECUTIVE

	
 
	
 
	
 

	
 
	
 
	
/s/ James P. Purko

	
 
	
 
	
James P. Purko

 

 

 

 

 

 

 

Signature Page to Amendment to Separation Pay AgreementEX-10.5

 Exhibit 10.5 

EXECUTION VERSION 
 FIRST
AMENDMENT TO 
 SALE AND SERVICING AGREEMENT 

This Amendment to Sale and Servicing Agreement, dated as of December 9, 2016 (this “Amendment”), is by and among
Santander Drive Auto Receivables LLC, as seller (the “Seller”), and Santander Consumer USA Inc. (“SC”), as servicer (in such capacity, the “Servicer”). 

WHEREAS, Santander Drive Auto Receivables Trust 2014-5, as issuer (the “Issuer”), the
Seller, the Servicer, and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee”) are parties to that certain Sale and Servicing Agreement, dated as of November 25, 2014 (the “Sale and
Servicing Agreement”); 
 WHEREAS, pursuant to Section 9.1(a) of the Sale and Servicing Agreement, the Seller and the
Servicer may amend the Sale and Servicing Agreement without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee or any other Person if specified conditions are met; 

WHEREAS, the Seller and the Servicer hereto desire to amend the Sale and Servicing Agreement in certain respects as set forth herein; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows: 
 SECTION 1. Definitions. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings
assigned thereto in the Sale and Servicing Agreement, as amended hereby. 
 SECTION 2. Amendments. The Sale and Servicing Agreement
is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, hereby amended as follows: 

(a) The definition of “Non-Investment Grade Notes” in Appendix A of the Sale and Servicing
Agreement is hereby amended and restated in full to read as follows: 

“‘Non-Investment Grade Notes’ means the Class E Notes;
provided, however, that Class E Notes shall be deemed to not be “Non-Investment Grade Notes” as of any date of determination for purposes of Sections 2.16(c) of the Indenture,
clauses (x), (xi), (xii), (xiii) and (xiv) of Section 2.16(d) of the Indenture (and the introductory language of such provision as the context may require) and Section 2.16(h) of the Indenture so long as such Class E Notes are not
Restricted Notes on such date.” 
 (b) The definition of “Restricted Notes” in Appendix A of the Sale and Servicing Agreement
is hereby amended and restated in full to read as follows: 

  
 First
Amendment to 
 Sale and Servicing Agreement 

 “‘Restricted Notes’ means any Notes (i) that were
beneficially owned by the Issuer or the single beneficial owner of the Issuer for United States federal income tax purposes as of the Closing Date and (ii) for which no
Debt-For-Tax Opinion has been rendered with respect to such Notes at any time after the Closing Date.” 

SECTION 3. Conditions to Effectiveness. This Amendment shall become effective on the date hereof, subject to the satisfaction of the
following conditions precedent: 
 (a) Each of the Seller and the Servicer shall have received a copy of this Amendment, duly executed by
each of the parties hereto; 
 (b) The Seller or the Servicer shall have delivered to the Indenture Trustee an Opinion of Counsel of the
Seller or Servicer, respectively, to the effect that this Amendment will not materially and adversely affect the interests of the Noteholders; and 

(c) The Seller or the Servicer shall have delivered to the Indenture Trustee and the Owner Trustee an Opinion of Counsel of the Seller or
Servicer, respectively, to the effect that execution of this Amendment is authorized or permitted by the Sale and Servicing Agreement and that all conditions precedent to the delivery and execution have been satisfied. 

SECTION 4. Miscellaneous. The Sale and Servicing Agreement, as amended hereby, remains in full force and effect. Any reference to the
Sale and Servicing Agreement from and after the date hereof shall be deemed to refer to the Sale and Servicing Agreement as amended hereby, unless otherwise expressly stated. This Amendment may be executed in any number of counterparts and by the
different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Executed counterparts of this Amendment may be
delivered by facsimile, which shall be effective as delivery of a manually executed signature page. This Amendment shall be governed by and construed in accordance with the internal, substantive laws of the State of New York without reference to
the rules thereof relating to conflicts of law, other than Sections 5-1401 and 5-1402 of the New York General Obligations Law, and the obligations, rights and remedies
of the parties hereunder shall be determined in accordance with such laws. 
 [Signatures follow] 

  

			
	2	  	 First Amendment to

Sale and Servicing Agreement

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

			
	SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller
		
	By:	 	 /s/ Corey Henry

	Name:	 	Corey Henry
	Title:	 	Vice President
	
	SANTANDER CONSUMER USA INC., as Servicer
		
	By:	 	 /s/ Mark McCastlain

	Name:	 	Mark McCastlain
	Title:	 	Vice President

  

			
	S-1	  	 First Amendment to

Sale and Servicing Agreement

 Wells Fargo Bank, National Association, a national banking association, not in its individual
capacity but solely as Indenture Trustee, hereby consents to this Amendment in accordance with Section 9.1(d) of the Sale and Servicing Agreement. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	By:	 	 /s/ Jeanine C. Casey

	Name:	 	Jeanine C. Casey
	Title:	 	Vice President

  

			
	S-2	  	 First Amendment to

Sale and Servicing Agreement

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