Document:

Amendment # 1 to 2nd Amended & Restated Sale & Servicing Agmt

 Exhibit 10(b)(1)(n) 
 AMENDMENT NO. 1 TO THE SECOND AMENDED AND RESTATED SALE AND 
 SERVICING AGREEMENT 
 THIS AMENDMENT NO 1. TO THE SECOND AMENDED AND RESTATED SALE AND SERVICING AGREEMENT, dated as of December 30, 2008 (this
“Amendment”), is entered into in connection with that certain Second Amended and Restated Sale and Servicing Agreement, dated as of April 18, 2008 (such agreement as amended, modified, supplemented, waived or restated from time
to time, the “Agreement”), by and among NEWSTAR CP FUNDING LLC, a Delaware limited liability company, as the seller (together with its successors and assigns in such capacity, the “Seller”), NEWSTAR FINANCIAL, INC.,
a Delaware corporation (together with its successors and assigns, the “Company”), 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”), WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Wachovia”), as the Swingline Purchaser,
each of the Institutional Purchasers, Conduit Purchasers and Purchaser Agents party thereto, WACHOVIA CAPITAL MARKETS, LLC, a Delaware limited liability company (together with its successors and assigns, “WCM”), as the
administrative agent (together with its successors and assigns in such capacity, the “Administrative Agent”), and as the WBNA Agent (together with its successors and assigns in such capacity, the “WBNA Agent”), U.S.
BANK NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “US Bank”), not in its individual capacity but as the trustee (together with its successors and assigns in such capacity, the
“Trustee”), and LYON FINANCIAL SERVICES, INC., a Minnesota corporation, doing business as U.S. Bank Portfolio Services, not in its individual capacity but as the backup servicer (together with its successors and assigns in such
capacity, the “Backup Servicer”). Capitalized terms used and not otherwise defined herein are used as defined in the Agreement. 
 R E C I T A L S 
 WHEREAS, the parties hereto previously
entered into the Agreement; 
 WHEREAS, the parties hereto desire to amend the Agreement in certain respects 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. AMENDMENTS. 
 (a) The
definition of “Concentration Limit” in Section 1.1 of the Agreement is hereby amended by: 
 (i) replacing the table in clause
(n) with the following table: 
  

				
	 Date
	  	Limit	 
	 Prior to and including April 17, 2009
	  	33.5	%
	 After April 17, 2009
	  	20	%

 (ii) deleting the last paragraph after the table in clause (n) in its entirety. 

(b) The definition of “Facility Amount” in Section 1.1 of the Agreement is hereby amended by replacing “$400,000,000” with
“$350,000,000”. This amendment is effective throughout the Agreement in any place the Facility Amount is noted. 
 (c) The
definition of “Maximum Availability” in Section 1.1 of the Agreement is hereby deleted in its entirety and replaced with the following definition: 
 “Maximum Availability”: At any time, an amount equal to the least of (x) the sum of (i) the product of the
Borrowing Base and the Weighted Average Advance Rate, plus (ii) the amount on deposit in the Principal Collections Account received in reduction of the Principal Balance of any Asset, (y) the Borrowing Base minus the Large
Obligor Coverage Amount plus the amounts in the Principal Collections Account received in reduction of the Principal Balance of any Asset and (z) the sum of (i) the product of the Borrowing Base and 70%, plus (ii) the
amount on deposit in the Principal Collections Account received in reduction of the Principal Balance of any Asset; provided that during the Amortization Period, the Maximum Availability shall be equal to the Advances Outstanding. 

(d) Section 2.21 of the Agreement is hereby amended by: 
 (i) replacing clause (a)(ii) thereof with the following new clause (a)(ii): 
 “(ii)
Except as permitted by Section 2.21(a)(iv), any Discretionary Sale shall be made by the Seller to an unaffiliated third party purchaser in a transaction (i) reflecting arms-length market terms and (ii) in which the Seller makes
no representations, warranties or covenants and provides no indemnification for the benefit of any other party to the Discretionary Sale;”; and 
  

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 (ii) inserting the following proviso immediately after clause (iv)(y) thereof: 
 “; provided that, notwithstanding clause (ii) of this Section 2.21(a), but subject to the
Administrative Agent’s prior written consent, the Seller may make Discretionary Sales of Real Estate Loans to its Affiliates on arms-length market terms, and such Discretionary Sales shall not be subject to clause (y) above.”

 (e) Appendix A of the Agreement is hereby amended by replacing clause (t)(22) thereof with the following: 
 “prior to any date when the sum of the Principal Balances of all Eligible Assets that are in the “Buildings and Real
Estate” Moody’s Industry Classification Group is less than or equal to 20% of the Principal Collateral Value, Real Estate Loans shall be considered ineligible Loans and no additional Real Estate Loans shall be financed by the Purchasers
unless each has otherwise consented in writing; provided that following any such date, additional Real Estate Loans added to the Collateral (a) shall be secured by Multifamily Property, Office Property, Retail Property or Industrial
Property and (b) the proceeds of any Real Estate Loan shall not be used for land development or converting an existing property into condominiums, in each case unless otherwise approved in writing by the Purchasers; provided further
that, for the avoidance of doubt and subject to the limitations set forth in clause (n) of the definition of “Concentration Limits”, nothing in this clause (t)(22) is intended to preclude Advances by the Purchasers in
connection with the funding by the Seller of one or more installments on Delayed Draw Term Loans in the Collateral which are Real Estate Loans;” 
 SECTION 2. AMENDMENT AND WAIVER RELATING TO ST SQUARE LLC 
 The parties hereto acknowledge and
agree that the amendment and waiver set forth in that certain Amendment No. 7 and Waiver to the Amended and Restated Sale and Servicing Agreement, dated as of April 5, 2006, by and among the Seller and the other parties thereto, is
operative and continues in full force and effect with respect to the Agreement. 
 SECTION 3. AGREEMENT IN FULL FORCE AND EFFECT AS
AMENDED. 
 Except as specifically amended hereby, the Agreement shall remain in full force and effect. All references to the
Agreement shall be deemed to mean the Agreement as modified hereby. This Amendment shall not constitute a novation of the Agreement, but shall constitute an amendment thereof. The parties hereto agree to be bound by the terms and conditions of the
Agreement, as amended by this Amendment, as though such terms and conditions were set forth therein. 
  

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 SECTION 4. REPRESENTATIONS AND WARRANTIES. 
 Each of the Originator, the Seller 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 Agreement; and 
 (g) there is no Termination Event, Unmatured Termination Event, or Servicer Default. 
 SECTION 5. CONDITIONS PRECEDENT.

 This Amendment shall become effective on the date on which each party hereto has delivered a duly executed signature page hereto to
the Administrative Agent (or other evidence of execution, including facsimile signatures, satisfactory to the Administrative Agent). 
 SECTION 6. MISCELLANEOUS. 
 (a) This Amendment may be executed in any number of counterparts, 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. 
  

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 (c) This Amendment may not be amended or otherwise modified except as provided in the 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 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) 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] 
  

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 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 SELLER:	 	NEWSTAR CP 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

 Amendment No.1 to Second Amended and Restated 
 Sale and Servicing Agreement 

					
	THE ADMINISTRATIVE AGENT AND THE WBNA AGENT:	 	WACHOVIA CAPITAL MARKETS, LLC
			
		 	By:	 	 /s/ KEVIN SUNDAY

		 	Name:	 	Kevin Sunday
		 	Title:	 	Vice President
		
	WBNA:	 	WACHOVIA BANK, NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ MARY KATHERINE DUBOSE

		 	Name:	 	Mary Katherine DuBose
		 	Title:	 	Managing Director
		
	THE SWINGLINE PURCHASER:	 	WACHOVIA BANK, NATIONAL ASSOCIATION 
			
		 	By:	 	 /s/ MARY KATHERINE DUBOSE

		 	Name:	 	Mary Katherine DuBose
		 	Title:	 	Managing Director

 Amendment No.1 to Second Amended and Restated 
 Sale and Servicing Agreement 

					
	THE TRUSTEE:	 	U.S. BANK NATIONAL ASSOCIATION,
		 	not in its individual capacity but solely as Trustee
			
		 	By:	 	 /s/ KYLE HARCOURT

		 	Name:	 	Kyle Harcourt
		 	Title:	 	Vice President
		
	THE BACKUP SERVICER:	 	LYON FINANCIAL SERVICES, INC., 
		 	 d/b/a U.S. Bank Portfolio Services
 not in
its individual capacity but solely as Backup Servicer

			
		 	By:	 	 /s/ JOSEPH ANDRIES

		 	Name:	 	Joseph Andries
		 	Title:	 	Senior Vice President

 Amendment No.1 to Second Amended and Restated 
 Sale and Servicing AgreementAmendment # 6 to the Secured Loan and Servicing Agreement

 Exhibit 10(b)(4)(f) 
 SIXTH AMENDMENT & WAIVER TO SECURED LOAN AND SERVICING AGREEMENT 
 THIS SIXTH
AMENDMENT & WAIVER, dated as of January 24, 2008 (this “Amendment”), is entered into in connection with that certain Secured Loan and Servicing Agreement, dated as of August 26, 2005 (as amended, supplemented,
restated or replaced from time to time, the “Secured Loan and Servicing Agreement”), 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”), MMP-5 Funding, LLC, as the lender (together with its successors and assigns in such capacity, the “Lender”), NATIXIS Financial Products Inc. (formerly known as IXIS 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. 
 R E C I T A L S 
 WHEREAS, the parties hereto entered into that certain Secured Loan and
Servicing Agreement; 
 WHEREAS, the parties hereto desire to amend the Secured Loan and Servicing Agreement in certain respects as
provided herein; 
 WHEREAS, pursuant to and in accordance with Section 13.1 of the Secured Loan and Servicing Agreement,
the Administrative Agent and the Lender desire to provide for a one-time waiver of certain provisions of the Secured Loan and Servicing Agreement in certain respects 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. AMENDMENTS. 
 1. Section 1.1 to the Secured Loan and Servicing Agreement is hereby amended by
amending the definition of “Termination Date” by deleting the date, “November 24, 2007” and replacing it with the date, “May 23, 2008”. 
 2. Section 1.1 to the Secured Loan and Servicing Agreement is hereby amended by amending the definition of “Eligible Loan” by inserting the following new clause (yy) after clause (xx): 

 (yy) upon and after January 24, 2008, if such Loan is a ABS Direct Loan or a
Mezzanine Loan, such Loan will not be an Eligible Loan and shall not be added as part of the Collateral. 
 3. Section 2.1 of the
Agreement is hereby amended by inserting the following new clause (e) after clause (d): 
 (e) Notwithstanding anything
contained in this Section 2.1 or contained herein, upon and after January 24, 2008, the Borrower shall be prohibited from and shall cease from acquiring ABS Direct Loans and Mezzanine Loans, and ABS Direct Loans and Mezzanine Loans shall
be prohibited from becoming part of the Collateral without the consent of the Administrative Agent. 
 SECTION 2. WAIVER.

 Each party hereto hereby waives the Termination Date arising from the failure to extend the Termination Date prior to
November 24, 2007. 
 SECTION 3. AGREEMENT IN FULL FORCE AND EFFECT AS AMENDED AND WAIVED. 
 Except as specifically amended and waived hereby, all provisions of the Secured Loan and Servicing Agreement 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, but shall constitute an amendment and a one-time waiver thereof. This Amendment shall not be deemed
to expressly or impliedly waive, amend or supplement any provision of the Secured Loan and Servicing Agreement other than as expressly set forth herein. 
 SECTION 4. 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; 
  

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 (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) there is no Termination Event, Unmatured Termination Event, or Servicer Default. 
 SECTION 5. CONDITIONS TO EFFECTIVENESS. 
 The effectiveness of this Amendment is conditioned upon delivery of executed signature pages by all parties hereto to the Administrative Agent. 
 SECTION 6. MISCELLANEOUS. 
 (a) This Amendment may be executed in any number of counterparts (including by facsimile), 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 

  

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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, the Administrative Agent 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] 
  

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 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
		
	THE LENDER:	  	MMP-5 FUNDING, LLC
		
		  	 By:  /s/  BERNARD J. ANGELO

		  	        Name: Bernard J. Angelo
		  	        Title: Vice President
		
	THE ADMINISTRATIVE AGENT:	  	NATIXIS FINANCIAL PRODUCTS INC.
		
		  	 By:  /s/  RALPH J. INGLESE

		  	        Name: Ralph J. Inglese
		  	        Title: Managing Director
		
		  	 By:  /s/  CHRISTOPHER HAYDEN

		  	        Name: Christopher Hayden
		  	        Title: Managing Director

  

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	THE TRUSTEE:	  	U.S. BANK NATIONAL ASSOCIATION,
not in its individual capacity but solely as Trustee
		
		  	 By:  /s/  RALPH J. CREASIA
         Name: Ralph J. Creasia
         Title: Vice President

  

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