AMENDED AND RESTATED PURCHASE AGREEMENT - Mayer Brown

EXECUTION VERSION

AMENDED AND RESTATED PURCHASE AGREEMENT BY AND BETWEEN IMD PARENT LLC,

LEHMAN BROTHERS HOLDINGS INC. AND

THE OTHER SELLERS NAMED HEREIN _______________

dated as of October 3, 2008

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TABLE OF CONTENTS

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ARTICLE I

DEFINITIONS..................................................................................... 1

1.1 Certain Definitions..................................................................................... 1 1.2 Other Definitional and Interpretive Matters ............................................ 33

ARTICLE II

PURCHASE AND SALE OF ASSETS; ASSUMPTION OF LIABILITIES..................................................................................... 34

2.1 Purchase and Sale of Assets..................................................................... 34 2.2 Excluded Assets ....................................................................................... 34 2.3 Assumption of Liabilities......................................................................... 34 2.4 Excluded Liabilities ................................................................................. 35 2.5 Assumption, Assignment, Cure Amounts................................................ 37 2.6 Further Conveyances and Assumptions................................................... 38 2.7 Bulk Sales Laws....................................................................................... 40 2.8 Purchase Price.......................................................................................... 40 2.9 Payment of Purchase Price....................................................................... 40 2.10 Pre-Closing Base Purchase Price Adjustment ......................................... 41 2.11 Post-Closing True-Ups............................................................................. 42

ARTICLE III CLOSING AND TERMINATION.................................................... 45

3.1 Closing Date............................................................................................. 45 3.2 Certain Closing Deliveries....................................................................... 45 3.3 Termination of Agreement....................................................................... 46 3.4 Procedure Upon Termination................................................................... 48 3.5 Effect of Termination............................................................................... 48

ARTICLE IV REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY GROUP AND THE BUSINESS.......................... 50

4.1 Organization and Good Standing............................................................. 50 4.2 Authorization of Agreement .................................................................... 50 4.3 Capitalization ........................................................................................... 51 4.4 Subsidiaries .............................................................................................. 51 4.5 Conflicts and Consents ............................................................................ 51 4.6 Financial Statements ................................................................................ 52 4.7 Undisclosed Liabilities............................................................................. 53 4.8 Absence of Certain Developments........................................................... 53 4.9 Taxes ........................................................................................................ 53 4.10 Real Property ........................................................................................... 55 4.11 Title to Purchased Assets ......................................................................... 56 4.12 Intellectual Property Rights ..................................................................... 56 4.13 Material Contracts.................................................................................... 57 4.14 Employee Benefits Plans ......................................................................... 58 4.15 Labor ........................................................................................................ 61

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4.16 Litigation.................................................................................................. 61 4.17 Compliance with Laws; Permits .............................................................. 61 4.18 Sufficiency of Assets ............................................................................... 66 4.19 Insurance .................................................................................................. 66 4.20 No Other Representations or Warranties; Schedules............................... 66

ARTICLE V

REPRESENTATIONS AND WARRANTIES REGARDING THE SELLER .................................................................................... 67

5.1 Organization and Good Standing............................................................. 67 5.2 Authorization of Agreement .................................................................... 67 5.3 Ownership of the Interests ....................................................................... 67 5.4 Conflicts and Consents ............................................................................ 67 5.5 Litigation.................................................................................................. 68 5.6 Financial Advisors ................................................................................... 68

ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE PURCHASER .................................................................................... 68

6.1 Organization and Good Standing............................................................. 68 6.2 Authorization of Agreement .................................................................... 68 6.3 Conflicts and Consents ............................................................................ 69 6.4 Litigation.................................................................................................. 69 6.5 Investment Intention ................................................................................ 69 6.6 Financial Advisors ................................................................................... 70 6.7 Guarantees................................................................................................ 70 6.8 Arrangement with Portfolio Managers .................................................... 70 6.9 Acknowledgement ................................................................................... 70

ARTICLE VII COVENANTS ................................................................................... 71

7.1 Access to Information .............................................................................. 71 7.2 Conduct of the Business Pending the Closing ......................................... 72 7.3 Preservation of Back Office Support ....................................................... 74 7.4 Consents................................................................................................... 74 7.5 Regulatory Approvals .............................................................................. 75 7.6 Further Assurances; Etc ........................................................................... 76 7.7 Preservation of Records ........................................................................... 77 7.8 Publicity ................................................................................................... 77 7.9 Employee Benefits ................................................................................... 77 7.10 Tax Matters .............................................................................................. 81 7.11 [Reserved] ................................................................................................ 84 7.12 Client Brokerage Consents ...................................................................... 84 7.13 Client Investment Advisory Consents ..................................................... 85 7.14 Public Fund Investment Advisory Consents............................................ 86 7.15 Section 15 of the Investment Company Act ............................................ 87

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7.16 Administration ......................................................................................... 88 7.17 Qualification of the Public Funds ............................................................ 88 7.18 [Reserved]. ............................................................................................... 89 7.19 Real Property Leases................................................................................ 89 7.20 Competing Transaction............................................................................ 90 7.21 [Reserved] ................................................................................................ 90 7.22 Deferred Transfers ................................................................................... 90 7.23 Right to Exclude, Delay, Etc.................................................................... 92 7.24 Trust Companies ...................................................................................... 92 7.25 Bankruptcy Pleadings .............................................................................. 92 7.26 Withdrawal of Seller Capital ................................................................... 94 7.27 Lehman Commitments to Funds.............................................................. 94 7.28 Director Resignations............................................................................... 95 7.29 Taxing Authority Notification ................................................................. 95 7.30 Employee Securities Company ................................................................ 95 7.31 Artwork .................................................................................................... 96 7.32 Transition Services Obligations............................................................... 96

ARTICLE VIII CONDITIONS TO CLOSING .......................................................... 98

8.1 Conditions Precedent to Obligation of the Purchaser .............................. 98 8.2 Conditions Precedent to Obligation of the Seller .................................. 100 8.3 Frustration of Closing Conditions.......................................................... 101

ARTICLE IX INDEMNIFICATION...................................................................... 101

9.1 Survival of Representations and Warranties.......................................... 101 9.2 Indemnification by the Seller................................................................. 101 9.3 Indemnification by the Purchaser .......................................................... 101 9.4 Certain Limitations on Indemnification................................................. 101 9.5 Tax Treatment of Indemnity Payments.................................................. 102 9.6 Survival of Indemnification ................................................................... 102

ARTICLE X MISCELLANEOUS ........................................................................ 102

10.1 Payment of Sales, Use or Similar Taxes................................................ 102 10.2 Expenses ................................................................................................ 102 10.3 Entire Agreement; Amendments and Waivers ...................................... 102 10.4 Notices ................................................................................................... 103 10.5 Binding Effect; No Third-Party Beneficiaries; Assignment.................. 104 10.6 Enforcement........................................................................................... 104 10.7 Counterparts........................................................................................... 105 10.8 GOVERNING LAW; SUBMISSION TO JURISDICTION;

CONSENT TO SERVICE OF PROCESS; WAIVER OF JURY TRIAL.................................................................................................... 105 10.9 Treatment as Administrative Expenses.................................................. 106

TABLE OF CONTENTS (continued)

Exhibit A Exhibit B

Form of Bid Procedures Order Form of Sale Order

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