Document:

Ex 10-1

 

Exhibit 10.1

AMENDMENT NO. 1 TO

THE PARK CITY GROUP, INC.

SECOND AMENDED AND RESTATED

2011 STOCK INCENTIVE PLAN

 

WHEREAS, the Board of Directors and stockholders
of Park City Group, Inc. (the “Company”) have adopted the Park City Group, Inc.
Second Amended and Restated 2011 Stock Incentive Plan (the
“Plan”);

 

WHEREAS, pursuant to Section 5.1 of the Plan,
a total of 550,000 shares of the common stock, par value $0.01 per
share, of the Company (the “Common
Stock”) have been
reserved for issuance under the Plan;

 

WHEREAS,
the Company desires to increase the number of shares issuable under
the Plan to 1,250,000 shares; and

 

WHEREAS,
Sections 5.3 and 13 of the Plan permits the Company’s
Board of Directors to amend the Plan from time to time to increase
the number of shares of Common Stock authorized for issuance under
the Plan.

 

NOW,
THEREFORE, the following amendments and modifications are hereby
made a part of the Plan:

 

1.   Section 5.1 of the Plan shall be, and hereby
is, amended to increase the aggregate number of shares of Common
Stock issuable thereunder to 1,250,000, and such section is thereby
to read as follows:

 

“5.1.
Maximum Number of Shares Available. Subject to adjustment as provided in Section 5.3
of the Plan, the maximum number of shares of Common Stock that will
be available for issuance under the Plan will be 1,250,000
shares.”

 

2.   In all other respects, the Plan, as amended, is
hereby ratified and confirmed and shall remain in full force and
effect.

 

IN
WITNESS WHEREOF, the Company has executed this Amendment No. 1 to
the Park City Group, Inc. Second Amended and Restated 2011 Stock
Incentive Plan as of August 3, 2017.

 

	
 

	
 

	
 

	

PARK
CITY GROUP, INC.

	
 

	
 

	

By:
/s/ Randall K.
Fields

	
 

	
 

	

Name:  Randall K. Fields

Title: Chief Executive OfficerEx 10-2

 

Exhibit 10.2

AMENDMENT NO. 1 TO

THE PARK CITY GROUP, INC.

SECOND AMENDED AND RESTATED

2011 EMPLOYEE STOCK PURCHASE PLAN

 

WHEREAS, the Board of Directors and stockholders
of Park City Group, Inc. (the “Company”) have adopted the Park City Group, Inc.
Second Amended and Restated 2011 Employee Stock Purchase Plan (the
“Plan”);

 

WHEREAS, pursuant to the terms and conditions of
the Plan, a total of 200,000 shares of the common stock, par value
$0.01 per share, of the Company (the “Common
Stock”) have been
reserved for issuance under the Plan;

 

WHEREAS,
the Company desires to increase the number of shares issuable under
the Plan to 300,000 shares; and

 

WHEREAS,
the Plan permits the Company’s Board of Directors to amend
the Plan from time to time to increase the number of shares of
Common Stock authorized for issuance under the Plan.

 

NOW,
THEREFORE, the following amendments and modifications are hereby
made a part of the Plan:

 

1.   The fourth paragraph of the Plan,
appearing under the heading “Number of Shares Available for
Issuance Under the Plan,”
shall be, and hereby is, amended to increase the aggregate number
of shares of Common Stock issuable thereunder to 300,000, and such
section is thereby to read as follows:

 

“The
total number of shares of Common Stock that may be issued under the
terms of the Plan is 300,000; provided, however, this Plan may
be amended by the Board of Directors to increase the number of
shares of Common Stock available for issuance under the
Plan.”

 

2.
  In all other respects, the Plan, as amended, is hereby
ratified and confirmed and shall remain in full force and
effect.

 

IN
WITNESS WHEREOF, the Company has executed this Amendment No. 1 to
the Park City Group, Inc. Second Amended and Restated 2011 Employee
Stock Purchase Plan as of August 3, 2017.

 

	
 

	
 

	
 

	

PARK
CITY GROUP, INC.

	
 

	
 

	

By:
/s/ Randall K.
Fields

	
 

	
 

	

Name:  Randall K. Fields

Title: Chief Executive OfficerExhibit

Exhibit 10.1
EXECUTION VERSION
        
AMENDMENT No. 2 TO REORGANIZATION AGREEMENT
    
This Amendment No. 2 to Reorganization Agreement, dated as of November 8, 2017 (this “Amendment”), amends the Agreement and Plan of Reorganization, dated as of April 4, 2017, by and among Liberty Interactive Corporation, a Delaware corporation (“Liberty”), Liberty Interactive LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Liberty (“LI LLC”), and General Communication, Inc., an Alaska corporation (the “Company”), as amended by Amendment No. 1 to Reorganization Agreement, dated July 19, 2017 (the “Reorganization Agreement”).  Capitalized terms used herein and not otherwise defined shall have their respective meanings set forth in the Reorganization Agreement.
    
RECITALS

WHEREAS, pursuant to Section 8.6 of the Reorganization Agreement, Liberty, LI LLC and the Company wish to amend certain provisions of the Reorganization Agreement as provided herein.

NOW, THEREFORE, in consideration of the mutual agreements set forth in the Reorganization Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Liberty, LI LLC and the Company, each intending to be legally bound, do hereby agree as follows:

		
	1.
	The first Recital of the Reorganization Agreement is hereby amended by deleting the following words in their entirety:

“, the Company Charter Exchangeable Debentures”. 

		
	2.
	Section 1.1 of the Reorganization Agreement is hereby amended as follows:

		
	a.
	By deleting the following definitions in their entirety:

““Company Charter Exchangeable Debentures” means the Company’s 1.75% Exchangeable Debentures due 2046 to be issued in connection with the Contribution, which shall have substantially identical terms and conditions to the Liberty Charter Exchangeable Debentures.”

““Exchange Offer” means the offer by LI LLC to exchange any and all outstanding Liberty Charter Exchangeable Debentures for Company Charter Exchangeable Debentures in connection with the completion of the Transactions.” 

““Exchange Offer Principal Amount” means the aggregate Adjusted Principal Amount (as such term is defined in the Supplemental Indenture) of the Liberty Charter Exchangeable Debentures that the holders thereof have elected to exchange pursuant to the Exchange Offer.”

		
	b.
	By deleting from the definition of “Agreed Cash Amount” the following words in their entirety: 

“(including any Liberty Charter Exchangeable Debentures that are not exchanged in the Exchange Offer)”.

		
	c.
	By deleting the definition of "Indemnification Agreement" in its entirety and replacing it in its entirety as follows:

““Indemnification Agreement” means that certain Indemnification Agreement, to be entered into on or prior to the Closing Date, by and among Liberty, LI LLC, the Company and LV Bridge, LLC (and any other Person who becomes a party thereto in accordance with the terms thereof), substantially in the form attached hereto as Exhibit C (as the same will be modified by the amendments set forth on Section 1.1(b) of the Liberty Disclosure Letter if the Ancillary Agreement Condition set forth on Section 4.19 of the Liberty Disclosure Letter shall have occurred).”

		
	d.
	By adding a new defined term (in alphabetical order) as follows:

““Purchase Offer” has the meaning ascribed thereto in the Indemnification Agreement.”

		
	3.
	Section 2.3(c)(ii) of the Reorganization Agreement is hereby amended and restated to read as follows:

“(ii)    In exchange for the Contributed Ventures Assets, the Company shall:

(1)    issue to LI LLC a number of shares of Company Reclassified Class A Common Stock and a number of shares of Company Reclassified Class B Common Stock equal to the number of shares of Liberty Ventures Series A Common Stock and Liberty Ventures Series B Common Stock, respectively, outstanding on the Closing Date;

(2)    assume the Assumed Liabilities; and 

(3)    distribute to LI LLC the Agreed Cash Amount immediately following Broadband Holdco’s receipt of such amount of borrowed funds under its Loan Facility.” 

		
	4.
	The first proviso to Section 2.3(c)(iii) of the Reorganization Agreement is hereby amended by deleting the following reference in its entirety:

“2.3(c)(ii)(4)” 

and replacing such reference with the following:

“2.3(c)(ii)(3)”.

		
	5.
	The first proviso to clause (ii) of Section 5.6(a) of the Reorganization Agreement is hereby amended by deleting the following words in their entirety:

“and any fees payable in connection with the Exchange Offer”.

		
	6.
	Clause (d) of Section 5.9 of the Reorganization Agreement is hereby amended by deleting the following words in their entirety:

“the Exchange Offer or”. 

		
	7.
	Clause (d) of Section 5.17(e) of the Reorganization Agreement is hereby amended by deleting the following words in their entirety:

“the redemption of the Liberty Charter Exchangeable Debentures and”. 
 
		
	8.
	Section 5.18 of the Reorganization Agreement is hereby amended and restated to read in its entirety as follows: 

“Section 5.18  Cooperation as to Purchase Offer.  The parties hereto shall cooperate with and reasonably assist each other with respect to the commencement and consummation of any Purchase Offer effected in accordance with the Indemnification Agreement.” 

		
	9.
	Section 5.20(b) of the Reorganization Agreement is hereby amended by deleting the following words in their entirety:

“, other than any change (x) to the amount of cash or the Agreed Cash Amount set forth on any such schedule or (y) resulting from the Exchange Offer not being fully subscribed,”

and replacing such words with the following:

“, other than any change to the amount of cash or the Agreed Cash Amount set forth on any such schedule,”.

		
	10.
	Section 6.2 is hereby amended by adding the following parenthetical following “shall be subject to the satisfaction, or waiver in writing by the Company”:

“(other than with respect to the condition set forth in Section 6.2(f), which may not be waived)”.

		
	11.
	Section 6.3 is hereby amended by adding the following parenthetical following “shall be subject to the satisfaction, or waiver in writing by Liberty”:

“(other than with respect to the condition set forth in Section 6.3(e), which may not be waived)”.

		
	12.
	Section 6.3(e) of the Reorganization Agreement is hereby amended by (x) inserting the word “and” prior to clause (iv), and (y) deleting the following words in their entirety:

“; and (v) no income, gain or loss will be recognized by Liberty upon the receipt of Company Charter Exchangeable Debentures in the Contribution or the exchange of Company Charter Exchangeable Debentures for Liberty Charter Exchangeable Debentures pursuant to the Exchange Offer”. 
    
		
	13.
	“Exhibit C - Form of Indemnification Agreement” is hereby amended and restated in its entirety to read as set forth in Exhibit A to this Amendment. 

		
	14.
	“Exhibit F - Form of Split-Off Tax Sharing Agreement” is hereby amended and restated in its entirety to read as set forth in Exhibit B to this Amendment.

 

3

		
	15.
	“Schedule A” is hereby amended and restated in its entirety to read as set forth in Schedule A to this Amendment. 

		
	16.
	Section 1.1(b) of the Liberty Disclosure Letter is hereby amended and restated in its entirety to read as set forth in Schedule B to this Amendment.

		
	17.
	The section titled “Additional Fair Value Criteria” of Section 4.19 of the Liberty Disclosure Letter is hereby amended and restated in its entirety to read as set forth in Schedule C to this Amendment.

		
	18.
	Except as expressly set forth herein, the Reorganization Agreement will be and is unchanged and will remain in full force and effect.  On and after the date hereof, each reference in the Reorganization Agreement to “this Agreement,” “herein,” “hereof,” “hereunder” or words of similar import shall mean and be a reference to the Reorganization Agreement as amended by Amendment No. 1 to Reorganization Agreement dated as of July 19, 2017 by and among Liberty, LI LLC and the Company and by this Amendment.  To the extent that a provision of this Amendment conflicts with or differs from a provision of the Reorganization Agreement, such provision of this Amendment shall prevail and govern for all purposes and in all respects.

		
	19.
	This Amendment shall be governed by and construed in accordance with the Reorganization Agreement.

		
	20.
	This Amendment may be executed and delivered in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  For purposes of this Amendment, a document (or signature page thereto) signed and transmitted by facsimile machine or telecopier, or electronically scanned and transmitted in a .pdf file format, is to be treated as an original document.

[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

LIBERTY INTERACTIVE CORPORATION

By:     /s/ Craig Troyer
Name:    Craig Troyer
Title:    Senior Vice President, Deputy
General Counsel and Assistant
Secretary

LIBERTY INTERACTIVE LLC

By:    Liberty Interactive Corporation,
its Sole Member and Manager    

By:     /s/ Craig Troyer
Name:    Craig Troyer
Title:    Senior Vice President, Deputy
General Counsel and Assistant
Secretary

GENERAL COMMUNICATION, INC.

By:     /s/ Peter Pounds
Name:    Peter Pounds
		
	Title:
	Senior Vice President and Chief Financial Officer

[Signature Page - Amendment No. 2 to Reorganization Agreement]

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