SEC Contract Filing

Filing Date: 2016-10-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>pjt-ex102_210.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
pjt-ex102_210.htm
</title>
</head>
<!-- NG Converter v4.0.3.7 -->
<body>

<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;text-transform:none;font-weight:bold;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="CreateNewDocumentTemp"></a>Exhibit 10.2</p>
<p style="margin-bottom:12pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">renewal AGREEMENT</p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-weight:normal;font-size:10pt;text-transform:none;font-family:Times New Roman;font-style:normal;font-variant: normal;">This Renewal Agreement (this &#8220;Agreement&#8221;), dated as of October&#160;10, 2016 for reference purposes only, is made by and between PJT Partners Holdings LP (&#8220;Borrower&#8221;) and First Republic Bank (the &#8220;Lender&#8221;), with reference to the following facts:</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;">The Lender has previously made or committed to make revolving loans in the aggregate maximum principal amount of $60,000,000.00 (with a provision for an increase to $80,000,000 at certain times of the year) to Borrower (the &#8220;Loan&#8221;).</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:36pt;">The Loan arises out of that certain Loan Agreement dated October&#160;1, 2015 (as amended, the &#8220;Loan Agreement&#8221;) to which Borrower and the Lender are parties.&nbsp;&nbsp;All terms with an initial capital letter that are used but not defined in this Agreement shall have the respective meanings given to such terms in the Loan Agreement.</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="margin-left:36pt;">Borrower has requested that Lender extend the maturity date of the Note from October&#160;2, 2017 to October&#160;2, 2018, and Lender has agreed to do so on the terms set forth herein.</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THEREFORE, for valuable consideration, the Lender and Borrower agree as follows:</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-weight:bold;font-size:10pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">1.<font style="margin-left:72pt;"></font><font style="text-decoration:underline;text-transform:none;">Extension of Line of Credit Note Maturity Date</font><font style="text-transform:none;">.</font><font style="font-weight:normal;text-transform:none;">&nbsp;&nbsp;The Maturity Date of the Note is extended to October&#160;2, 2018, at which time the entire unpaid principal balance of the Note, all accrued and unpaid interest and any other outstanding amounts due Lender under the Loan Documents shall be due and payable.&nbsp;&nbsp;The Note and the Loan Documents are amended accordingly.</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-weight:bold;font-size:10pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">2.<font style="margin-left:72pt;"></font><font style="text-decoration:underline;text-transform:none;">Representations and Warranties</font><font style="text-transform:none;">.</font><font style="font-weight:normal;text-transform:none;">&nbsp;&nbsp;As a material inducement to the Lender&#8217;s execution of this Agreement, Borrower makes the following warranties and representations to the Lender:</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:13.33%;font-weight:bold;font-size:10pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">2.1<font style="margin-left:108pt;"></font><font style="font-family:Times New Roman;font-weight:normal;">Borrower has the full power and authority to enter into and perform all of its obligations under this Agreement, and this Agreement, when executed by the Persons signing this Agreement on behalf of Borrower, shall constitute a legal, valid and binding obligation of Borrower enforceable in accordance with its terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors&#8217; rights generally and regardless of whether enforcement is sought in equity or at law).&nbsp;&nbsp;The Persons executing this Agreement on behalf of Borrower have been duly authorized to execute this Agreement by all required action on the part of Borrower.</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:13.33%;font-weight:bold;font-size:10pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">2.2<font style="margin-left:108pt;"></font><font style="font-family:Times New Roman;font-weight:normal;">There are no Liens affecting all or part or the Collateral, except for the Liens in favor of the Lender and the Permitted Liens.</font></p>
<p style="margin-bottom:12pt;m