Exhibit 10.2


 


 



EXECUTION COPY


 



 


Goldman Sachs International | Peterborough Court | 133 Fleet Street | London EC4A 2BB | Tel:  020-7774-1000 | Telex:  887902 | Cable:  GOLDSACHS LONDON | Registered in England No. 2263951 | Registered Office as Above | Authorised and Regulated by the Financial Services Authority


 








	
To:

	
Arcos Dorados B.V.


Prins Bernhardplein 200  1097 JB


Amsterdam, Netherlands


	
From:

	
Goldman Sachs International


	
Re:

	
Amendment to Share Swap Transaction


	
Ref. No:

	
SDB4174646513


	
Date:

	
October 22, 2012



















 


Reference is made to the Share Swap Transaction Confirmation August 13, 2012, among among Goldman Sachs International (“Dealer”), Arcos Dorados B.V., a besloten vennootschap met beperkte aansprakelijkheid duly organized and validly existing under the laws of the Netherlands and having its corporate seat in Amsterdam, the Netherlands (“Counterparty”), and Arcos Dorados Holdings Inc. (“Holdings”) (the “Confirmation”).  The purpose of this letter agreement (this “Amendment Agreement”) is to amend certain terms set forth in the Confirmation as described below.  All capitalized terms used, but not defined herein, shall have the meanings assigned thereto in the Confirmation.  Except as expressly modified herein, the Confirmation shall remain in full force and effect.  Notwithstanding anything in the Confirmation to the contrary, each of Dealer, Holdings and Counterparty hereby agrees as follows:


 


1.           Amendments.


 


(i)           The provision opposite the caption “Number of Shares” in Section 2 of the Confirmation is hereby amended by inserting the following new paragraph immediately following the second paragraph thereof:


 


“In connection with any Share Reduction on or prior to December 31, 2012, Counterparty shall deliver written notice thereof to Dealer no later than 14 calendar days prior to such Share Reduction.”


 


(ii)           The date “October 22, 2012” in Section 10(a) of the Confirmation is hereby deleted and replaced with the date “November 30, 2012.”


 


2.           Representations and Warranties.  Each party hereto represents to the other parties hereto, as of the date hereof, as to the matters set forth in Section 3(a) of the Agreement; provided that references in such Section to the Agreement shall be to this Amendment Agreement.


 


3.           Governing Law and Jurisdiction.  This Amendment Agreement and all matters and all non-contractual obligations arising out of in connection with the Amendment Agreement, shall be governed by, and construed and enforced in accordance with, the laws of the State of New York (without reference to its choice of law doctrine other than Title 14 of Article 5 of the General Obligations Law of New York).  This Amendment Agreement is also subject to, and incorporates, the jurisdiction provisions contained in Section 13(b) of the Agreement; provided that in the first line of Section 13(b) the following shall be inserted after the word, “Agreement”, “including, without limitation, disputes relating to any non-contractual obligations arising out of or in connection with this Agreement”.


 




  





  











  




 




4.           Counterparts.  This Amendment Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Amendment Agreement by signing and delivering one or more counterparts.


 




  





  











  






 


Counterparty and Holdings hereby agree (i) to check this Amendment Agreement carefully and promptly upon receipt so that errors or discrepancies can be promptly identified and rectified and (ii) to confirm that the foregoing (in the exact form provided by Dealer) correctly sets forth the terms of the Amendment Agreement, by manually signing this Confirmation or this page hereof as evidence of agreement to such terms and providing the other information requested herein and immediately returning an executed copy to Goldman, Sachs & Co., Equity Derivatives Documentation Department, Facsimile No. 212-428-1980/83.



 



	 
 
Yours faithfully,




 


 
GOLDMAN SACHS INTERNATIONAL



	 
	 	 
	 	 	 	 
	By:	/s/ Charlotte Hobbs	 
	 	Name: 	Charlotte Hobbs	 
	 	Title: 	Executive Director	 





 




 


Agreed and Accepted By:


 




	 
ARCOS DORADOS B.V.

	 
	 	 
	 	 	 	 
	By:	/s/ D.I. van der Pol	 
	 	Name: 	D.I. van der Pol	 
	 	Title: 	Proxyholder	 





 


 





	 	 	 	 
	By:	/s/ W.G. Rieff	 
	 	Name: 	W.G. Rieff	 
	 	Title: 	Proxyholder	 





 


 




	 
ARCOS DORADOS HOLDINGS INC.

	 
	 	 
	 	 	 	 
	By:	/s/ Diego Pace	 
	 	Name: 	Diego Pace	 
	 	Title: 	Authorized Officer	 





 


 


Signature Page to Share Swap Transaction Confirmation Amendment