Document:

Exhibit 10.12(j)

 

 

FOURTH AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

 

Dated as of June 11, 2002

 

 

among

 

 

SABRE INC.,

as the Construction Agent and as the Lessee,

 

 

WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION

(formerly known as First Security Bank, National Association),

not individually, except as expressly stated herein,

but solely as the Owner Trustee under the TSG Trust 1999-1,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES

HERETO FROM TIME TO TIME,

as the Holders,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES

HERETO FROM TIME TO TIME,

as the Lenders,

 

 

and

 

 

BANK OF AMERICA, N.A.,

as the Agent for the Lenders

and respecting the Security Documents,

as the Agent for the Lenders and the Holders,

to the extent of their interests

 

 

BANC OF AMERICA SECURITIES LLC,

as Lead Arranger and Sole Book Manager

 

 

FOURTH AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

THIS FOURTH
AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS dated as of June 11, 2002 (this “Amendment”)
is by and among SABRE INC., a Delaware corporation (the “Lessee” or the
“Construction Agent”); WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION
(formerly known as First Security Bank, National Association), a national
banking association, not individually (in its individual capacity, the “Trust
Company”), except as expressly stated in the Participation Agreement
(hereinafter defined), but solely as the Owner Trustee under the TSG Trust
1999-1 (the “Owner Trustee”, the “Borrower” or the “Lessor”);
the various banks and other lending institutions which are parties to the
Participation Agreement from time to time as holders of certificates issued
with respect to the TSG Trust 1999-1 (subject to the definition of Holders in Appendix
A to the Participation Agreement, individually, a “Holder” and
collectively, the “Holders”); the various banks and other lending
institutions which are parties to the Participation Agreement from time to time
as lenders (subject to the definition of Lenders in Appendix A to the
Participation Agreement, individually, a “Lender” and collectively, the
“Lenders”); and BANK OF AMERICA, N.A., a national banking association,
as the agent for the Lenders and respecting the Security Documents, as the
agent for the Lenders and the Holders, to the extent of their interests (in
such capacity, the “Agent”).

 

Capitalized
terms used but not otherwise defined in this Amendment shall have the meanings
set forth in Appendix A to the Participation Agreement dated as of
September 14, 1999, by and among the Lessee, the Construction Agent, the Owner
Trustee, the Holders which were parties thereto, the Lenders which were parties
thereto and the Agent (as amended by that certain First Amendment and
Restatement of Operative Agreements dated as of December 15, 1999, as further
amended by that certain Second Amendment to Certain Operative Agreements dated
as of October 4, 2000 and as further amended by that certain Third Amendment to
Certain Operative Agreements dated as of March 11, 2002, each of which was by
and among the Lessee, the Construction Agent, the Owner Trustee, the Holders
which were parties thereto, the Lenders which were parties thereto and the
Agent and as hereinafter amended, modified, extended, supplemented, restated
and/or replaced from time to time, the “Participation Agreement”).

 

R E C I T A L S

 

WHEREAS, the
parties to this Amendment are parties to the Participation Agreement and
certain of the parties to this Amendment are parties to the other Operative
Agreements relating to a $310 million lease facility (the “Facility”)
that has been established in favor of the Lessee;

 

WHEREAS, the
parties to this Amendment have agreed to modify the Participation Agreement on
the terms and conditions set forth herein;

 

 

A G R E E M E N T

 

NOW,
THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

 

1.                                       The
definition of “Construction Period Termination Date” in Appendix A to
the Participation Agreement is hereby amended by deleting the reference therein
to “June 12, 2002” and replacing such reference with “June 14, 2002”.

 

2.                                       Upon
execution and delivery of this Amendment by all parties to this Amendment
referenced on the signature pages hereto, this Amendment shall be effective as
of June 11, 2002.

 

3.                                       Within
ten (10) days of any receipt from the Agent of any requested documentation, the
Lessee shall promptly cause to be executed, acknowledged or delivered all such
further conveyances and documents as the Agent may reasonably request in order
to carry out and effectuate the intent and purposes of this Amendment, the
other Operative Agreements and the transactions contemplated hereby and thereby
(including, without limitation, the preparation, execution and filing of
Mortgage Instruments and other filings or registrations which the Agent hereto
may from time to time request to be filed or effected).

 

4.                                       The
parties hereto agree that, notwithstanding any heading or title to this
Amendment, all of the terms and provisions of the Operative Agreements
(including Schedules and Exhibits thereto) shall remain in full force and
effect except as modified by this Amendment. 
All references in any Operative Agreement to the Operative Agreements
shall henceforth include references to the Operative Agreements, as modified
and amended by this Amendment, and as may, from time to time, be further
amended or modified in accordance with the terms thereof.

 

5.                                       The
Borrower and the Lessee, as applicable, affirm the liens and security interests
created and granted in the Security Documents and in any other Operative
Agreement and agree that this Amendment shall in no manner adversely affect or
impair such liens and security interests.

 

6.                                       The
Lessee agrees to pay (or to cause to be paid) all reasonable costs and expenses
of the Agent in connection with the preparation, execution and delivery of this
Amendment, including, without limitation, the reasonable fees and expenses of
Moore & Van Allen, PLLC.

 

7.                                       This
Amendment may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, and it shall not be
necessary in making proof of this Amendment to produce or account for more than
one such counterpart.

 

8.                                       THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF TEXAS.

 

2

 

[Remainder of Page Intentionally Left Blank]

 

 

3

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed by
their respective officers thereunto duly authorized as of the day and year
first above written.

 

 

	
  CONSTRUCTION AGENT AND LESSEE:

  	
  SABRE INC., as the Construction Agent and as the Lessee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffery M. Jackson

  	
   

  
	
   

  	
  Name:

  	
  Jeffery M. Jackson

  	
   

  
	
   

  	
  Title:

  	
  EVP & CFO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

[signatures pages continue]

 

 

4

 

 

	
  OWNER TRUSTEE AND LESSOR:

  	
  WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION (formerly known as
  First Security Bank, National Association), not individually, except as
  expressly stated herein, but solely as the Owner Trustee under the TSG Trust
  1999-1

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Val T. Orton

  	
   

  
	
   

  	
  Name:

  	
  Val T. Orton

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

5

 

 

	
  AGENT AND LENDERS:

  	
  BANK OF AMERICA, N.A., as a Lender and as the Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ B. Kenneth Burton, Jr.

  	
   

  
	
   

  	
  Name:

  	
  B. Kenneth Burton, Jr.

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

6

 

 

	
   

  	
  CITIBANK, N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gaylord C. Holmes

  	
   

  
	
   

  	
  Name:

  	
  Gaylord C. Holmes

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

7

 

 

	
   

  	
  FIRST UNION NATIONAL BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Laura B. Smith

  	
   

  
	
   

  	
  Name:

  	
  Laura B. Smith

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

8

 

 

	
   

  	
  BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jack Dickerhof

  	
   

  
	
   

  	
  Name:

  	
  Jack Dickerhof

  	
   

  
	
   

  	
  Title:

  	
  VP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Maffei

  	
   

  
	
   

  	
  Name:

  	
  Frank Maffei

  	
   

  
	
   

  	
  Title:

  	
  VP

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

9

 

 

	
   

  	
  JPMORGAN CHASE BANK (formerly known as Morgan Guaranty Trust Company
  of New York), as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mae Reeves

  	
   

  
	
   

  	
  Name:

  	
  Mae Reeves

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

10

 

 

	
   

  	
  SUNTRUST BANK, ATLANTA, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ W. John Wendler

  	
   

  
	
   

  	
  Name:

  	
  W. John Wendler

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

11

 

 

	
   

  	
  THE BANK OF NEW YORK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Sunderwirth

  	
   

  
	
   

  	
  Name:

  	
  David Sunderwirth

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

12

 

 

	
   

  	
  WELLS FARGO BANK (TEXAS), N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brent Bertino

  	
   

  
	
   

  	
  Name:

  	
  Brent Bertino

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

13

 

 

	
   

  	
  KBC BANK N.V., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert Snauffer

  	
   

  
	
   

  	
  Name:

  	
  Robert Snauffer

  	
   

  
	
   

  	
  Title:

  	
  First Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric Raskin

  	
   

  
	
   

  	
  Name:

  	
  Eric Raskin

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

14

 

 

	
  HOLDERS:

  	
  BANK OF AMERICA, N.A., as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ B. Kenneth Burton, Jr.

  	
   

  
	
   

  	
  Name:

  	
  B. Kenneth Burton, Jr.

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

15

 

 

	
   

  	
  CITICORP DEL-LEASE INC., as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward S. Mundy

  	
   

  
	
   

  	
  Name:

  	
  Edward S. Mundy

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

16

 

 

	
   

  	
  WACHOVIA BANK NATIONAL ASS'N.

  as successor in interst to

  FIRST UNION NATIONAL BANK, as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Laura B. Smith

  	
   

  
	
   

  	
  Name:

  	
  Laura B. Smith

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

17

 

 

	
   

  	
  IntesaiBai, Los Angeles Foreign Branch,

  as successor to BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a
  Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jack Dickerhof

  	
   

  
	
   

  	
  Name:

  	
  Jack Dickerhof

  	
   

  
	
   

  	
  Title:

  	
  VP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Maffei

  	
   

  
	
   

  	
  Name:

  	
  Frank Maffei

  	
   

  
	
   

  	
  Title:

  	
  VP

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

18

 

 

	
   

  	
  JPMORGAN CHASE BANK (formerly known as Morgan Guaranty Trust Company
  of New York), as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mae Reeves

  	
   

  
	
   

  	
  Name:

  	
  Mae Reeves

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

19

 

 

	
   

  	
  SUNTRUST BANK, ATLANTA, as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ W. John Wendler

  	
   

  
	
   

  	
  Name:

  	
  W. John Wendler

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

20

 

 

	
   

  	
  THE BANK OF NEW YORK, as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Sunderwirth

  	
   

  
	
   

  	
  Name:

  	
  David Sunderwirth

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

 

21

 

 

	
   

  	
  WELLS FARGO BANK (TEXAS), N.A., as a Holder

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brent Bertino

  	
   

  
	
   

  	
  Name:

  	
  Brent Bertino

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
						

 

[signatures pages end]

 

 

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EXHIBIT 10.26    
  

	 	 	Sabre Inc.

3150 Sabre Drive

Southlake, Texas 76092
	

 	
 	

Tel: (682) 605-10000

[LOGO]

October 2,
2002 

Mr. William
J. Hannigan

5116 Glenview Court

Plano, Texas 75093 

	Re:
	Amendment
to Employment Agreement Life Insurance Provisions 

Dear
Bill: 

        At
the time you began employment with Sabre Inc., the Company's flexible benefits program limited base life insurance coverage to a maximum of $70,000. The Company agreed in your
Employment Agreement to provide you with a $250,000 supplemental life insurance policy through a split dollar life insurance program. 

        Notwithstanding
the Employment Agreement, the Company never provided you with split dollar life insurance. Instead, we agreed that the Company would provide you with supplemental term
life insurance. Your current policy is a Term Life Policy carried by Security Life of Denver Insurance Company. 

        On
January 1, 2001, Sabre began offering enhanced life insurance coverage under its flexible benefits program. Under the new program, the Company provides you with life insurance
coverage equal to 200% of your annual salary. You may also purchase supplemental life insurance coverage. These policies are subject to a combined maximum coverage of $2 million, with a maximum
guaranteed issue of $1.5 million. 

        These
enhanced life insurance offerings provide significantly greater benefits than the original level of coverage contemplated by your Employment Agreement. Accordingly, there is no
need for the Company to renew your current term life insurance policy on its December 14, 2002 expiration. Moreover, Section 402 of the Sarbanes-Oxley Act of 2002 has been construed to
limit Sabre's ability to provide executive officers with split dollar life insurance policies, as contemplated by the Employment Agreement. 

        Therefore,
as we discussed, Sabre will not renew your current term life insurance policy. You have the option of converting that policy to an individual policy through the carrier.
Furthermore, we hereby amend your Employment Agreement dated December 9, 1999 to delete the provision that requires the Company to provide you with a supplemental life insurance policy having a
face value of $250,000 through a split dollar life insurance program. 

	 	Sabre Inc.
	

 	

 
	 	/s/  MICHAEL E. HAEFNER      
 By: Michael E. Haefner

Title: Senior Vice President—Human Resources

Agreed
to and accepted: 

	

 	

 
	/s/  WILLIAM J. HANNIGAN      
 William J. Hannigan	 

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EXHIBIT 10.26

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