Document:

Exhibit 10.2

 

THIRD AMENDMENT TO LEASE

 

THIS THIRD AMENDMENT TO LEASE is made and entered into this 7th day of March,
2008, by and between Kesef, LLC (the “Landlord”) and CoBiz Financial Inc.,
f/k/a Colorado Business Bankshares, Inc. (the “Tenant”).

 

Recitals

 

A.            The parties entered
into an Office Lease dated September 1, 2001, as amended by the First
Amendment to Lease dated October 19, 2001, as amended by the Second
Amendment to Lease dated February 12, 2008 (collectively, the “Lease”)
wherein the Tenant leases 56,671 rentable square feet of office space, as more
particularly defined in the Lease, at the real property commonly known and
numbered as 821 17th Street, Denver, Colorado (hereinafter referred
to as the “Premises”).

 

B.            The Landlord has
given notice to the Tenant of the availability to lease the 6th
floor of the building.

 

C.            The Landlord and
Tenant are desirous of amending the Lease to provide for the date of possession
of the 6th floor and other changes described herein on the following
terms and conditions.

 

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency
of which are mutually acknowledged, the parties agree as follows:

 

1.             Lease of Additional
Space. The Landlord has notified the Tenant that possession of the 6th
floor of the building consisting of 10,608 rentable square feet (the “Expanded
Premises”) will be delivered to the Tenant on April 1, 2008.  As of this date, the Tenant will be leasing a
total square footage of 67,279 rentable square feet.

 

2.             Delivery
of the Expanded Premises. The Landlord shall deliver and the Tenant shall
accept the Expanded Premises in its “AS IS WHERE IS” condition and without any
express or implied warranty and without any representation as to physical
condition or suitability of the Tenant’s intended use.

 

3.             Base
Rent.  As of April 1, 2008, the
Tenant shall pay monthly Base Rent of $131,754.75 per month.

 

4.             Incorporation of
Lease Provisions.  All of the terms
and conditions of the Lease which have not been modified in this Agreement
shall apply to the Lease with the same force and effect as if set forth herein
in full.  All capitalized terms shall
have the meaning set forth in the Lease unless separately defined in this
Agreement.  If any portion of this
Agreement is in conflict with the terms and conditions of the Lease, the terms
and conditions of this Agreement shall control.

 

 

This THIRD AMENDMENT TO LEASE is hereby
executed on the day above written.

 

	
   

  	
  LANDLORD:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  KESEF, LLC, a Colorado

  	
   

  
	
   

  	
  limited liability company

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Evan Makovsky

  	
   

  
	
   

  	
  Evan Makovsky, Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COBIZ FINANCIAL INC., f/k/a Colorado

  	
   

  
	
   

  	
  Business Bankshares, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Richard Dalton

  	
   

  
	
   

  	
  Richard Dalton, President

  	
   

  

 

2Exhibit 4.1

  

 

	
  CERTIFICATE

  	
   

  	
  NUMBER OF

  
	
  NUMBER

  	
   

  	
  SHARES

  
	
   

  	
   

  	
   

  	
   

  	
   

  
							

 

LEHMAN
BROTHERS HOLDINGS INC.

Incorporated Under the Laws of the State of Delaware

 

FORM OF CERTIFICATE

7.25% NON-CUMULATIVE
PERPETUAL CONVERTIBLE PREFERRED STOCK, SERIES P

$1.00 PAR VALUE PER SHARE

AND WITH A LIQUIDATION
PREFERENCE OF $1,000.00 PER SHARE

 

CUSIP NO. 52523J453

 

This Certifies that

 

CEDE &
CO.

 

is the owner of           
fully paid and non-assessable shares of 7.25% Non-Cumulative Perpetual
Convertible Preferred Stock, Series P, $1.00 par value per share and with
a liquidation preference of $1,000.00 per share, of Lehman Brothers Holdings
Inc. (the “Corporation”) transferable only on the books of the Corporation by
the holder hereof in person or by Attorney upon surrender of this Certificate
properly endorsed. This Certificate is not valid unless countersigned by the
Registrar and Transfer Agent.

 

IN WITNESS  WHEREOF, the said Corporation has caused
this Certificate to be signed by its duly authorized officers and its Corporate
Seal to be hereunto affixed this       th
day of           ,
A.D.           .

 

	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Vice President

  	
  Assistant Secretary

  

 

Countersigned and Registered

Collectively, as Registrar
and Transfer Agent

	
  COMPUTERSHARE
  TRUST COMPANY, N.A.

  	
   

  	
  COMPUTERSHARE
  INC.

  

 

	
  By:

  	
   

  	
   

  	
   

  

 

The Corporation will furnish
without charge to each stockholder who so requests the powers, designations,
preferences and relative, participating, optional or other special rights of
each class of stock or series thereof which it is authorized to issue and the
qualifications, limitations or restrictions of such preferences and/or
rights.  Such request should be addressed
to the Secretary of the Corporation or the Transfer Agent.

 

 

LEHMAN
BROTHERS HOLDINGS INC.

 

The shares of 7.25% Non-Cumulative Perpetual
Convertible Preferred Stock, Series P, $1.00 par value per share and with
a liquidation preference of $1,000.00 per share (the “Series P Preferred
Stock”), have the powers, designations, preferences and relative,
participating, optional or other special rights as provided in the Certificate
of Designations, Powers, Preferences and Rights relating to the Series P
Preferred Stock (the “Certificate of Designations”), in addition to those set
forth in the Restated Certificate of Incorporation of the Corporation (and all
amendments thereto) and the By-laws of the Corporation.

 

Each holder shall have the right, at such holder’s
option, at any time, to convert all or any portion of such holder’s Series P
Preferred Stock into shares of common stock, $0.10 par value per share, of the
Corporation (“Common Stock”), as provided in the Certificate of Designations.
On or after April 1, 2013, the Corporation may, at its option, at any time
or from time to time, cause some or all of the Series P Preferred Stock to
be converted into shares of Common Stock, subject to certain conditions as
provided in the Certificate of Designations. The preceding description is
qualified in its entirety by reference to the Certificate of Designations, and
the Restated Certificate of Incorporation of the Corporation (and all
amendments thereto) and the By-laws of the Corporation.

 

THIS
CERTIFICATE IS IN GLOBAL FORM AND IS REGISTERED IN THE NAME OF THE
DEPOSITORY TRUST COMPANY (“DTC”) OR A NOMINEE THEREOF.  THIS CERTIFICATE MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR
ANOTHER NOMINEE OF DTC OR BY ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CORPORATION OR THE TRANSFER AGENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

 

ASSIGNMENT

 

FOR VALUE RECEIVED,                                         
HEREBY SELL, ASSIGN AND TRANSFER UNTO

 

Please Insert Social
Security or Other Identifying Number of Assignee

Please Print or
Typewrite Name and Address, Including Zip Code, of Assignee

 

                                         SHARES OF THE CAPITAL STOCK REPRESENTED BY THE
WITHIN CERTIFICATE, AND DO HEREBY IRREVOCABLY CONSTITUTE AND APPOINT ATTORNEY
TO TRANSFER THE SAID STOCK ON THE BOOKS OF THE WITHIN NAMED CORPORATION WITH
FULL POWER OF SUBSTITUTION IN THE PREMISES.

 

DATED                                         

 

	
   

  	
   

  
	
   

  	
  NOTICE:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  The Signature to this
  Assignment Must Correspond with the Name As Written Upon the Face of the
  Certificate in Every Particular, Without Alteration or Enlargement or Any
  Change Whatever.

  
				

 

SIGNATURE GUARANTEED

 

(Signature Must Be
Guaranteed by a Member

of a Medallion Signature Program)Exhibit 4.1

 

AMENDMENT NO. 2

 

TO

 

CREDIT
AGREEMENT

 

This AMENDMENT NO. 2 to CREDIT AGREEMENT (this “Amendment”),
dated as of March 14, 2008, is entered into by and among AAR Corp. (the “Company”),
the financial institutions party hereto (the “Lenders”), and LaSalle
Bank National Association, as Administrative Agent (the “Administrative
Agent”).  Each capitalized term used
herein and not otherwise defined herein shall have the meaning given to it in
the below-defined Credit Agreement.

 

WITNESSETH

 

WHEREAS, the Company, certain Lenders and the Administrative Agent are
parties to that certain Credit Agreement dated as of August 31, 2006 (as
the same has been or may be amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”); and

 

WHEREAS, the Company wishes to amend the Credit Agreement in certain
respects and the Required Lenders and the Administrative Agent are willing to
amend the Credit Agreement on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises set forth above, the
terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company, the Administrative Agent and the Required Lenders hereby agree as
follows:

 

SECTION 1.           Amendment to Credit Agreement.  Effective as of the date first above written,
and subject to the satisfaction of the conditions to effectiveness set forth in
Section 2 below, the Credit Agreement shall be and hereby is amended
as follows:

 

(a)           The definition of “EBITDA”
in Section 1.1 of the Credit Agreement is hereby amended by adding
the following sentence at the end thereof:

 

“EBITDA shall be calculated on a pro forma basis to give effect to any
Acquisition consummated at any time on or after the first day of a Computation
Period as if such Acquisition had been consummated on the first day of such
Computation Period.”

 

(b)           Section 1.1
of the Credit Agreement is hereby amended to insert the following definitions
in the appropriate alphabetical order:

 

 

 

“Avborne Acquisition means the acquisition of the stock of
Avborne Heavy Maintenance, Inc. and Aviation Maintenance Staffing, Inc.
pursuant to and as contemplated by the Avborne Acquisition Documents.”

 

“Avborne Acquisition Documents means the Stock Purchase
Agreement dated February 5, 2008 by and among AAR Aircraft Services, Inc.,
AHM Holding Corp. and certain other parties and all schedules, exhibits,
annexes and amendments thereto and all side letters and agreements affecting
the terms thereof or entered into in connection therewith.”

 

“Avborne IRB Documents” means (i) that certain
Reimbursement Agreement dated as of October 3, 2005 between Avborne Heavy
Maintenance, Inc., a Florida corporation (formerly known as Professional
Modification Services, Inc.) and iStar Financial, Inc., a Maryland
corporation, as modified by that certain Assignment and Assumption of Lender’s
Interest in Reimbursement Agreement and Amendment to Reimbursement Agreement
dated as of March 5, 2008 with iStar Financial Inc., a Maryland
corporation (as Assignor), and JPMorgan Chase Bank, N.A., a national banking
association (as Assignee); (ii) that certain Loan Agreement dated as of August 1,
1998, between the Miami-Dade Industrial Development Authority, a public body
corporate and politic created and existing under the laws of the State of
Florida (particularly Chapter 159, Part III, Florida Statutes), and
Avborne Heavy Maintenance, Inc., a Florida corporation (formerly known as
Professional Modification Services, Inc.), as amended by that certain
First Amendment and Supplement to Loan Agreement, dated as of May 1, 2000
and (iii) that certain Guaranty of Payment and Performance dated as of March 5,
2008 by AAR Corp. to and for the benefit of JPMorgan Chase Bank, N.A., a
national banking association (as Lender).

 

“Supplemental LIBOR Premium” means with respect to interest
which is calculated based on the LIBOR Rate and accrues between March     ,
2008 and February 28, 2010, a rate per annum equal to 0.125% per annum.”

 

“Summa Acquisition means the acquisition of Summa Technology, Inc.
pursuant to and as contemplated by the Summa Acquisition Documents.”

 

“Summa Acquisition Documents means the Agreement and Plan of
Merger dated November 8, 2007 by and among the Company, AAR Manufacturing, Inc.,
Kingfisher Acquisition Subsidiary, Inc., Summit Technology, Inc. and
certain other parties and all schedules, exhibits, annexes and amendments
thereto and all side letters and agreements affecting the terms thereof or entered
into in connection therewith.”

 

 

2

 

(c)           Section 1.1
of the Credit Agreement is hereby further amended to insert the following in
the definition of “Fixed Charge Coverage Ratio” immediately after the reference
to “$20,000,000”:

 

“and (D) required
principal payments under the Company’s notes due May 15, 2011, the
aggregate initial principal amount of which is $55,000,000”.

 

(d)           Section 4.1(b) of
the Credit Agreement is hereby amended to insert the following immediately
after the phrase “plus the LIBOR Margin from time to time in effect”:

 

“plus,
to the extent interest is calculated based on Level I status, the Supplemental
LIBOR Premium”.

 

(e)           Section 11.1(h) of
the Credit Agreement is hereby amended by adding the following at the end
thereof:

 

“and
the Acquired Debt assumed in connection with the Avborne Acquisition”.

 

(f)            Section 11.1(j) of
the Credit Agreement is hereby amended by adding the following at the end
thereof:

 

“and
the Debt evidenced by the Avborne IRB Documents”.

 

(g)           Section 11.2(g) of
the Credit Agreement is hereby amended by adding the following at the end of
the thereof:

 

“and
the Liens evidenced by the Avborne IRB Documents”.

 

(h)           Section 11.6(c) of
the Credit Agreement is hereby amended to insert the following after the phrase
“made by the Company and its Restricted Subsidiaries during the preceding
twelve months”:

 

“(excluding the aggregate
consideration paid by the Company pursuant to the Brown International
Acquisition Documents, the Reebaire Aircraft Acquisition Documents, the Avborne
Acquisition Documents and the Summa Acquisition Documents)”

 

(i)            Section 11.13.3
of the Credit Agreement is hereby amended and restated in its entirety as
follows:

 

      “11.13.3 
Adjusted Total Debt to EBITDA Ratio.  Not permit the Adjusted Total Debt to EBITDA
Ratio as of the last day of any Computation Period to exceed the applicable
ratio set forth below for such Computation Period:

 

 

3

 

	
  Computation

  Period Ending

  	
   

  	
  Adjusted Total Debt to

  EBITDA Ratio

  	
   

  
	
  February 29, 2008 and May 31, 2008

  	
   

  	
  4.10 to 1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  August 31, 2008 and November 30, 2008

  	
   

  	
  4.00 to 1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  February 28, 2009, May 31, 2009,
  August 31, 2009, November 30, 2009 and February 28, 2010

  	
   

  	
  3.85 to 1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  May 31, 2010 and August 31, 2010

  	
   

  	
  3.50 to 1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  November 30, 2010 and thereafter

  	
   

  	
  3.25 to 1.00”

  	
   

  

 

(j)            Avborne Heavy
Maintenance, Inc., a Florida corporation, is and hereafter shall be deemed
a Restricted Subsidiary for all purposes under the Credit Agreement.

 

SECTION 2.           Condition of Effectiveness.  This Amendment shall become effective and be
deemed effective as of the date hereof, subject to the satisfaction of the
conditions precedent that the Administrative Agent shall have received each of
the following:

 

(a)           counterparts of this Amendment,
executed by each of the parties hereto;

 

(b)           such other documents
as the Administrative Agent may reasonably request, including such documents,
instruments and other agreements, all in form and substance reasonably
satisfactory to the Administrative Agent.

 

SECTION 3.           Representations and Warranties of
the Company. The Company hereby represents and warrants as follows:

 

(a)           The Credit
Agreement, as amended by this Amendment constitutes the legal, valid and
binding obligation of the Company and is enforceable against the Company in
accordance with its terms, subject to bankruptcy, insolvency and similar laws
affecting the enforceability of creditors’ rights generally and to general
principles of equity.

 

(b)           Upon the
effectiveness of this Amendment, the Company hereby (i) represents that no
Event of Default or Unmatured Event of Default exists under the terms of the
Credit Agreement, (ii) reaffirms all covenants, representations and
warranties made in the Credit Agreement, and (iii) agrees that all such
covenants, representations and warranties shall be deemed to have been remade
as of the effective date of this Amendment. 
The execution, delivery and effectiveness of this Amendment shall not, except
as expressly provided herein, operate as a waiver of any right, power, or
remedy of the Lenders or the Administrative Agent under the Credit Agreement or
any related document, instrument or agreement. 
The Administrative Agent and the Lenders expressly reserve all of their
rights and remedies, including the right to institute enforcement actions in
consequence of any existing Events of Default or Unmatured Events of Default
not waived hereunder or otherwise at any time without 

 

 

4

 

further
notice, under the Credit Agreement, all other documents, instruments and
agreements executed in connection therewith, and applicable law.

 

SECTION 4.           Effect on the Credit Agreement.

 

(a)           Upon the
effectiveness of this Amendment, on and after the date hereof, each reference
in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or
words of like import shall mean and be a reference to the Credit Agreement, as
amended and modified hereby.

 

(b)           Except as specifically
amended and modified above, the Credit Agreement and all other documents,
instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect, and are hereby ratified and confirmed.

 

(c)           The execution,
delivery and effectiveness of this Amendment shall neither, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the
Lenders or the Administrative Agent, nor constitute a waiver of any provision
of the Credit Agreement or any other documents, instruments and agreements
executed and/or delivered in connection therewith.

 

SECTION 5.           Costs and Expenses.  The Company agrees to pay on demand all
reasonable costs, fees and out-of-pocket expenses (including attorneys’ fees,
costs and expenses charged to the Administrative Agent) incurred by the
Administrative Agent and the Lenders in connection with the preparation,
arrangement, execution and enforcement of this Amendment.

 

SECTION 6.           Amendment Fee.  The Company hereby agrees to pay, on the date
hereof, to the Administrative Agent for the ratable account of the Lenders, an
amendment fee in the aggregate amount of $100,000.

 

SECTION 7.           Governing Law.  This Amendment shall be governed by and
construed in accordance with the internal laws of the State of Illinois without
regard to conflicts of law provisions of the State of Illinois.

 

SECTION 8.           Headings.  Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose.

 

SECTION 9.           Counterparts.  This Amendment may be executed by one or more
of the parties to the Amendment on any number of separate counterparts and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument.  A facsimile copy of a
signature hereto shall have the same effect as the original thereof.

 

SECTION 10.         No Strict Construction. The
parties hereto have participated jointly in the negotiation and drafting of
this Amendment.  In the event an
ambiguity or question of intent or interpretation arises, this Amendment shall
be construed as if drafted jointly by the parties hereto and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any provisions of this Amendment.

 

 

5

 

[Remainder of page intentionally
blank.]

 

 

 

 

6

 

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day
and year first above written.

 

 

	
   

  	
  AAR
  CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Michael K. Carr

  
	
   

  	
  Name:

  	
  Michael K. Carr

  
	
   

  	
  Title:

  	
  Vice
  President & Assistant Treasurer

  

 

 

7

 

 

 

 

 

	
   

  	
  LASALLE BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as Administrative
  Agent, Issuing Lender and as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Scott M. Carbon

  
	
   

  	
  Name:

  	
  Scott M. Carbon

  
	
   

  	
  Title:

  	
  First Vice President

  

 

 

 

 

 

 

	
   

  	
  WELLS FARGO BANK, N.A.,
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Andrew T. Cavallari

  
	
   

  	
  Name:

  	
  Andrew T. Cavallari

  
	
   

  	
  Title:

  	
  Vice President

  

 

 

 

 

 

 

 

	
   

  	
  NATIONAL CITY BANK, as
  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Brandon S. Norder

  
	
   

  	
  Name:

  	
  Brandon S. Norder

  
	
   

  	
  Title:

  	
  Officer

  

 

 

 

 

 

 

	
   

  	
  RBS CITIZENS, N.A.
  (formerly known as CHARTER

  
	
   

  	
  ONE BANK, N.A.), as a
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Kathleen D. Schurr

  
	
   

  	
  Name:

  	
  Kathleen D. Schurr

  
	
   

  	
  Title:

  	
  Vice President

  

 

 

 

 

 

 

	
   

  	
  U.S. BANK, NATIONAL
  ASSOCIATION, as Syndication Agent and as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John Zimmerman

  
	
   

  	
  Name:

  	
  John Zimmerman

  
	
   

  	
  Title:

  	
  Assistant Vice
  President

  

 

 

 

 

 

 

	
   

  	
  MERRILL LYNCH CAPITAL
  CORPORATION, as a

  
	
   

  	
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Rowland

  
	
   

  	
  Name:

  	
  John C. Rowland

  
	
   

  	
  Title:

  	
  Vice President

  

 

 

 

 

 

 

	
   

  	
  ASSOCIATED BANK, N.A.,
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Daniel Holzhauer

  
	
   

  	
  Name:

  	
  Daniel Holzhauer

  
	
   

  	
  Title:

  	
  Vice President

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