On August 10, 2012, Duff & Phelps, LLC (the "Company"), the primary operating subsidiary of Duff & Phelps Corporation, entered into a fifth amendment (the "Amendment") to its Credit Agreement dated as of July 15, 2009 (as amended by
(i) the First Amendment to Credit Agreement dated as of November 8, 2010, (ii) the Second Amendment to Credit Agreement dated as of February 23, 2011, (iii) the Third Amendment to Credit Agreement dated as of August 15, 2011 and (iv) the Fourth Amendment to Credit Agreement dated as of October 13, 2011, the "Credit Agreement") with Bank of America, N.A., as administrative agent and the lenders from time to time party thereto.

Pursuant to the amendment, certain defined terms were revised to, among other things, include FINRA registered broker-dealers within the definition of "Excluded Subsidiary."

The foregoing description of the Amendment is a summary and is qualified in its entirety by reference to the Amendment attached hereto as Exhibit 10.1.

(d) Exhibits.

10.1  Fifth Amendment to Credit Agreement, dated as of August 10, 2012, among
      Duff & Phelps, LLC, as borrower, Duff & Phelps Acquisitions, LLC, Chanin
      Capital Partners LLC, and Rash & Associates, L.P., as guarantors, Bank of
      America, N.A., as administrative agent and letter of credit issuer, and
      each other lender party thereto, related to the Credit Agreement, dated as
      of July 15, 2009, among Duff & Phelps, LLC, each agent and lender from
      time to time party thereto and Bank of America, N.A., as administrative
      agent.