Document:

Exhibit 4.3

 

THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 10, 2011, between Sanmina-SCI Corporation, a Delaware corporation (the “Company”), and U.S. Bank National Association, as trustee under the indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company and the Trustee have entered into an indenture, dated as of February 24, 2005 (the “Base Indenture”), as supplemented by that certain First Supplemental Indenture, dated as of September 30, 2005 (the “First Supplemental Indenture”), and that certain Second Supplemental Indenture, dated as of January 3, 2007 (the “Second Supplemental Indenture”).  The Base Indenture, as supplemented by the First Supplemental Indenture and the Second Supplemental Indenture, is referred to herein as the “Indenture;”

 

WHEREAS, pursuant to the Indenture, the Company issued an aggregate principal amount of up to $400,000,000 of 63⁄4% Senior Subordinated Notes due 2013 (the “Notes”);

 

WHEREAS, Section 902 of the Base Indenture provides that the Company and the Trustee may amend or supplement the Indenture with the consent of the Holders of at least a majority in aggregate principal amount of the Outstanding Notes (including consents obtained in connection with a tender offer or exchange offer for such Notes), with certain exceptions;

 

WHEREAS, pursuant to an Offer to Purchase and Consent Solicitation Statement, dated as of April 26, 2011 (as amended, the “Consent Solicitation”), the Company solicited and obtained consents from registered Holders of the Notes for amendments to the Indenture described therein (the “Consents”), such Consents having been obtained in connection with a tender offer for the Notes (the “Tender Offer”);

 

WHEREAS, Consents with respect to a majority in aggregate principal amount of the Outstanding Notes were given by the registered Holders of the Notes such that the amendments to be made pursuant to this Third Supplemental Indenture have been authorized in accordance with Section 902 of the Indenture as certified by the requisite officers of the Company;

 

WHEREAS, the Company hereby requests that the Trustee execute this Third Supplemental Indenture, and the Company and the Trustee desire and have agreed to execute and deliver this Third Supplemental Indenture as herein provided, and all conditions necessary to authorize the execution and delivery of this Third Supplemental Indenture and to make it a valid and binding obligation of the Company have been done or performed.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

 

1.               CAPITALIZED TERMS.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Indenture.

 

2.               AMENDMENTS.

 

(a)          Section 101 (Definitions) of the Base Indenture is hereby amended to delete in their entirety all terms and their definitions for which all references are eliminated in the Indenture as a result of the amendments set forth in this Section 2 of this Third Supplemental Indenture if such terms are used solely in the sections that are deleted by the amendments.

 

(b)         Clauses (5) and (6) of Section 501(a) (Events of Default) of the Base Indenture are each hereby amended and restated in their entirety to read as follows:

 

“[Intentionally omitted].”

 

(c)          Clauses (3) and (4) of Section 801(a) (Company May Consolidate, etc., only on Certain Terms) of the Base Indenture are each hereby amended and restated in their entirety to read as follows:

 

“[Intentionally omitted].”

 

(d)         Section 1005 (Maintenance of Properties) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(e)          Section 1006 (Payment of Taxes and Other Claims) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(f)            Section 1007 (Maintenance of Insurance) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(g)         Section 1008 (Limitation on Debt) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(h)         Section 1009 (Limitation on Restricted Payments) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(i)             Section 1010 (Limitation on Restrictions on Distributions from Restricted Subsidiaries) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

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“[Intentionally omitted].”

 

(j)             Section 1011 (Limitation on Liens) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(k)          Section 1013 (Limitation on Asset Sales) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(l)             Section 1014 (Limitation on Transactions with Affiliates) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(m)       Section 1015 (Repurchase at the Option of Holders upon a Change of Control) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(n)         Section 1016 (Designation of Restricted and Unrestricted Subsidiaries) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(o)         Section 1017 (Payments for Consent) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(p)         Section 1018 (Limitation on Layered Debt) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(q)         Section 1019 (Available Information) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(r)            Section 1020 (Statement by Officers as to Default; Compliance Certificates) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

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(s)          Section 1022 (Covenants After Fall-Away Event) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“[Intentionally omitted].”

 

(t)            Section 1105(a) (Notice of Redemption) of the Base Indenture is hereby amended and restated in its entirety to read as follows:

 

“(a)  Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 3 nor more than 60 business days prior to the Redemption Date, to each Holder to be redeemed, at his address appearing in the Note Register.”

 

3.               EFFECTIVE TIME.  This Third Supplemental Indenture shall become effective upon execution by the Company and the Trustee.

 

4.               EFFECT OF HEADINGS.  The headings herein are for convenience only and shall not affect the construction hereof.

 

5.               SEPARABILITY CLAUSE.  In case any provision in this Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

6.               GOVERNING LAW.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK.

 

7.               SUPPLEMENTAL INDENTURE SOLELY CORPORATE OBLIGATION.  No recourse for the payment of the principal of or premium, if any, or interest on the Notes, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or this Supplemental Indenture or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer, or director or subsidiary, as such, past, present or future, of the Company or of any successor person or entity of any of them, either directly or through the Company or any successor person or entity of any of them, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of the Indenture, this Supplemental Indenture and the issue of the Notes.

 

8.               COUNTERPARTS.  This Supplemental Indenture may be executed in any number of counterparts, each of which shall be original; but such counterparts shall together constitute but one and the same instrument.

 

9.               THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

	
 
    	
The Company
    
	
 
    	
 
    
	
 
    	
SANMINA-SCI   CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian P. Casey
    
	
 
    	
Name:
    	
Brian   P. Casey
    
	
 
    	
Title:
    	
Senior   Vice President and Treasurer
    

 

[Signature page to Third Supplemental Indenture]

 

 

	
 
    	
The Trustee
    
	
 
    	
 
    
	
 
    	
U.S.   BANK NATIONAL ASSOCIATION,
    
	
 
    	
AS TRUSTEE
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Paula Oswald
    
	
 
    	
Name:
    	
Paula   Oswald
    
	
 
    	
Title:
    	
Vice   President
    

 

[Signature page to Third Supplemental Indenture]Exhibit 10.2

 

EXECUTION COPY

 

AMENDMENT NO. 1 TO

 

INVESTMENT AGREEMENT

 

This AMENDMENT NO. 1 (this “Amendment”) to the Investment Agreement dated as of March 29, 2011 (the “Original Agreement”) is entered into as of May 6, 2011 by and between OCM Marine Investments CTB, Ltd., a Cayman Islands exempt company (“Investor”), and General Maritime Corporation, a Marshall Islands corporation (the “Company”).  Each of the above referenced parties is sometimes herein referred to individually as a “Party” and collectively as the “Parties.”

 

WHEREAS, the Parties desire to amend the Original Agreement in accordance with the terms of this Amendment (the Original Agreement, as so amended by this Amendment, the “Agreement”); and

 

WHEREAS, Section 5.07 of the Agreement provides that no amendment of any provision of the Agreement shall be valid unless the same shall be in writing and signed by the Company and Investor.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual promises herein made, and in consideration of the representations, warranties, covenants and agreements herein contained, the Parties agree as follows:

 

1.             Section 4.05(a) of the Original Agreement.  The first sentence of  Section 4.05(a) of the Original Agreement is hereby amended and restated in its entirety as follows:

 

“(a) Subject to the limitations set forth in Section 4.08, following the Closing, and until such time as Investor, together with its Affiliates, first ceases to beneficially own (as determined pursuant to Rule 13d-3 under the Exchange Act) shares of Common Stock purchasable under Warrants, shares of Common Stock purchased under Warrants, shares of Common Stock previously issued under this Section 4.05 and shares of Common Stock purchasable or acquirable under other securities previously issued under this Section 4.05 (collectively but, without duplication, “Transaction Shares”) equal to at least 50% of the aggregate Transaction Shares theretofore issued to Investor and its Affiliates (including any such Transaction Shares transferred to any of them pursuant to Section 4.05(f)), the Company shall offer each of Investor and each of its Affiliates that owns beneficially or of record any Transaction Shares (each, subject to the proviso at the end of this sentence, an “Eligible Holder”), on the terms and conditions of this Section 4.05, the right to purchase or subscribe for up to an aggregate number of New Securities equal to the product of (i) the total number of New Securities to be issued or sold by the Company and (ii) a fraction, the numerator of which is the aggregate number of Transaction Shares beneficially owned by such Eligible Holder, and the denominator of which is the aggregate number of shares of Common Stock outstanding plus the aggregate number of all Transaction Shares that all Eligible Holders may then purchase under Warrants or other exercisable, convertible or exchangeable securities, in each case, determined as of the date on which the Preemptive Rights Notice is delivered, or in the case of an Accelerated Equity Offering, as of immediately prior thereto; provided, however, that notwithstanding anything contained herein to the contrary, any Affiliate of Investor that acquires

 

 

beneficial or record ownership of any Transaction Shares from and after the Closing Date shall be deemed an Eligible Holder with respect to an offering pursuant to this Section 4.05 only if the Company is given notice of such acquisition prior to the Company’s delivery of the applicable Preemptive Rights Notice.”

 

2.             Form of Warrant attached as Exhibit B to the Original Agreement.  Notwithstanding the Form of Warrant attached as Exhibit B to the Original Agreement, for income tax purposes, the value of the Warrant as of the date hereof, shall be determined by Investor, in its reasonable discretion, subject to agreement by the Company, which agreement shall not be unreasonably withheld.

 

3.             Section 8 of the Form of Warrant attached as Exhibit B to the Original Agreement.  Section 8 of the Form of Warrant attached as Exhibit B to the Original Agreement is hereby amended by inserting the following as the first sentence of such Section 8:

 

“To the extent the restrictions noted in the legend set forth on the first page of this Warrant are then applicable, each Warrant shall bear the legend set forth on the first page of this Warrant, and any Warrant Exercise Share or any other security issued upon exercise of this Warrant shall bear a substantially similar legend.”

 

4.             Article IV  of the Original Agreement.  Article IV of the Original Agreement is hereby amended by inserting the following, in its entirety, immediately after Section 4.12 of the Original Agreement:

 

“4.13               Anti-Dilution Adjustments.  The Company has agreed to provide Investor, and/or its registered assigns in respect of the Warrants, with the right to certain anti-dilution issuances and/or adjustments and certain related rights pursuant to Section 2B and the related provisions of the Warrants (collectively, the “Anti-Dilution Provisions”).  The Parties acknowledge and agree that, subject to the terms and conditions of this Agreement and the Warrants, the Anti-Dilution Provisions are intended to benefit Investor and/or its Affiliates if and for so long as any of them hold any Warrants and/or any Warrant Exercise Shares for the period from and after the Closing Date and prior to May 6, 2018 (the “Anti-Dilution Period”).  Accordingly, the Company hereby agrees that (a) if, at any time during the Anti-Dilution Period, Investor and/or its Affiliates hold any Warrant Exercise Shares (in any such case, a “Warrant Exercise Share Holder”), then, regardless of whether or not any of them hold any Warrants at such time, the Company shall comply with the Anti-Dilution Provisions, and the Warrant Exercise Share Holders shall be entitled to the benefit of the Anti-Dilution Provisions, as if the Warrant Exercise Share Holders were also Registered Holders under the Warrants.  Notwithstanding anything contained herein to the contrary, Investor or any Affiliate of Investor that acquires beneficial or record ownership of any Transaction Shares during the Anti-Dilution Period other than pursuant to or upon exercise of the Warrants shall be deemed a Warrant Exercise Share Holder with respect to the applicable Anti-Dilution Provisions only if the Company is given notice of such acquisition prior to the Company’s obligations with respect to the applicable issuance and/or adjustment.  Each Warrant Exercise Share Holder shall notify the Company reasonably promptly following any Transfer of Warrant Exercise Shares during the Anti-Dilution Period, which notice shall set forth the number of Warrant Exercise Shares then Transferred and state whether or not the transferee is a known Affiliate of Investor.”

 

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5.             Miscellaneous.

 

(a)           Construction.  Where specific language is used to clarify by example a general statement contained herein, such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates.  The language used in this Amendment shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of strict construction shall be applied against either Party.  If either Party has breached any covenant or agreement contained in this Amendment in any respect, the fact that there exists another covenant or agreement relating to the same subject matter (regardless of the relative levels of specificity) which such Party has not breached shall not detract from or mitigate the fact that such Party is in breach of the first covenant or agreement.

 

(b)           Interpretation.  Unless the context of this Amendment otherwise requires, (i) words of any gender include each other gender, (ii) words using the singular or plural number also include the plural or singular number, respectively, (iii) the terms “hereof,” “herein,” “hereby” and derivative or similar words refer to this entire Amendment; (iv) the terms “Article” or “Section” refer to the specified Article or Section of the Agreement and (v) the word “including” means “including without limitation.”

 

(c)           Governing Law.  This Amendment shall be governed by and construed and enforced in accordance with the internal laws of the State of New York applicable to agreements made and to be performed entirely within such state, including Section 5-1401 of the New York General Obligations Law.

 

(d)           WAIVER OF JURY TRIAL.  THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE.  THE PARTIES AGREE THAT EITHER OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT BETWEEN THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY ACTION OR PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

 

(e)           Jurisdiction and Venue.  Each Party consents to the jurisdiction and venue of the United States federal and state courts in the Borough of Manhattan, City of New York, for any action, suit or proceeding arising from or in connection with the interpretation or enforcement of this Amendment.

 

(f)            Counterparts.  This Amendment may be executed in counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument.  This Amendment and any amendments hereto, to the extent signed and delivered by means of digital imaging and electronic mail or a facsimile machine, shall be treated in all

 

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manner and respects as an original contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person.

 

(g)           Effect of this Amendment.  Except as expressly set forth in this Amendment, all of the provisions of the Original Agreement shall remain in full force and effect in accordance with their terms, and this Amendment shall reaffirm the Original Agreement in all respects.

 

[Remainder of Page Intentionally Left Blank]

 

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

 

 

	
 
    	
GENERAL   MARITIME CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jeffrey D. Pribor
    
	
 
    	
 
    	
Name:   Jeffrey D. Pribor
    
	
 
    	
 
    	
Title:   Executive Vice President, Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
OCM   MARINE INVESTMENTS CTB, LTD.
    
	
 
    	
 
    
	
 
    	
By:   
    	
Oaktree   Capital Management, L.P.
    
	
 
    	
Its:   
    	
Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   B. James Ford
    
	
 
    	
 
    	
Name:   B. James Ford
    
	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Adam C. Pierce
    
	
 
    	
 
    	
Name:   Adam C. Pierce
    
	
 
    	
 
    	
Title:   Senior Vice President
    

 

 

[Signature Page — Amendment No. 1 to GMR Investment Agreement]

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