Document:

exv10w11

 

Exhibit 10.11

HCM ACQUISITION COMPANY

October 3, 2007

Highland Capital Management, L.P.

NexBank Tower

13455 Noel Road, Suite 800

Dallas, TX 75240

Dear Sir:

             This letter will confirm our agreement that, commencing on the effective date
(“Effective Date”) of the registration statement for the initial public offering (“IPO”) of the
securities of HCM Acquisition Company (“Company”) and continuing until the consummation by the
Company of a business combination (as described in the Company’s IPO prospectus) or the
distribution of the trust account (as described in the Company’s IPO prospectus) to the Company’s
public stockholders, Highland Capital Management, L.P. or its affiliates shall make available to
the Company certain general and administrative services including utilities and administrative
support, as well as the use of certain limited office space, as may be required by the Company from
time to time, initially situated at 13455 Noel Road, Suite 800, Dallas, TX 75240 (or any successor
location). In exchange therefor, the Company shall pay Highland Capital Management, L.P., or its
affiliates, the sum of $10,000 per month beginning on the Effective Date and continuing monthly
thereafter until the consummation by the Company of a business combination or the distribution of
the trust account to the Company’s public stockholders.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	HCM ACQUISITION COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas J. Surgent
 

Name: Thomas J. Surgent
	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	AGREED TO AND ACCEPTED BY:	 	 
	 
	 	 	 	 	 	 
	 	 	HIGHLAND CAPITAL MANAGEMENT, L.P.	 	 
	 

	 	 	 	By: Strand Advisors, Inc., 

          its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Colvin
 

Name: Michael Colvin
	 	 
	 

	 	 	 	Title: Secretaryexv10w1

 

Exhibit 10.1

THIRD AMENDMENT TO

PIER 1 IMPORTS, INC.

2006 STOCK INCENTIVE PLAN

     WHEREAS, Pier 1 Imports, Inc. has heretofore adopted the Pier 1 Imports, Inc. 2006 Stock
Incentive Plan (the “Plan”) effective March 23, 2006;

     WHEREAS, the Plan was amended by a First Amendment to the Pier 1 Imports, Inc. 2006 Stock
Incentive Plan effective June 22, 2006;

     WHEREAS, the Plan was amended by a Second Amendment to the Pier 1 Imports, Inc. 2006 Stock
Incentive Plan effective March 4, 2007 (“Second Amendment”);

     NOW, THEREFORE, the Plan is amended as follows:

     1. The last sentence of subsection (b) of Paragraph IX of the Plan is deleted and replaced
with the following:

     “In no event shall a Performance Award which is an Award of shares of Common
Stock vest in full prior to the expiration of a one-year period following the grant
of the Award.”

     2. Subsection (c) of Paragraph XI of the Plan is deleted and replaced with the following:

     “(c) Director Deferred Stock Unit Award Payouts. At the time that a
Director terminates such Director’s service as a Director, the deferred stock units
then credited to such Director shall be exchanged for shares of Common Stock which
will be distributed to such Director. The transfer of shares of Common Stock to a
Director in payment of such Director’s deferred stock units shall be effected within
thirty (30) days after the date such Director terminated such Director’s position as
a Director of the Company.”

     3. Effective as of June 1, 2007, the following shall be added to subsection (a) of Paragraph
XI of the Plan as the last sentence to such subsection as in effect as of June 1, 2007 and as the
next-to-last sentence to such subsection as amended by the Second Amendment:

“Notwithstanding the foregoing, the election described in the preceding sentence by
an individual who has first become elected as a Director may be made before or
within the 30 day period immediately following his election as a Director provided
that the deferral effected by such election will only apply with respect to services
rendered as a Director after the date such election was made.”

     4. All terms used in this Third Amendment, unless specifically defined herein, have the same
meanings attributed to them in the Plan. As amended hereby, the Plan is specifically ratified and
reaffirmed.

     IN WITNESS WHEREOF, the party hereto has caused this Third Amendment to be executed on June
28, 2007.

	 	 	 	 	 
	 	PIER 1 IMPORTS, INC.

 	 
	 	By:  	 	 
	 	 	Gregory S. Humeneskyexv10w2

 

Exhibit 10.2

FIRST AMENDMENT TO

PIER 1 IMPORTS, INC.

1999 STOCK PLAN

(Restated as Amended December 31, 2004)

     WHEREAS, Pier 1 Imports, Inc. has heretofore adopted the Pier 1 Imports, Inc. 1999 Stock Plan
(the “Plan”) Restated as Amended December 31, 2004;

     NOW, THEREFORE, the Plan is amended as follows:

          1. Subsection 8(f) of the Plan is deleted in its entirety and replaced with the following:

“(f) Payment. The balance of each Non-Employee Director’s Deferred Stock
Account shall be paid to such director within thirty (30) days after such
director terminates his position as a Non-Employee Director. Each Deferred
Stock Unit shall be exchanged for shares of Common Stock.”

          2. As amended hereby, the Plan is specifically ratified and reaffirmed.

     IN WITNESS WHEREOF, the party hereto has caused this First Amendment to be executed effective
as of June 28, 2007.

	 	 	 	 	 
	 	PIER 1 IMPORTS, INC.

 	 
	 	By:  	 	 
	 	 	Gregory S. Humeneskyexv10w3

 

Exhibit 10.3

AMENDMENT NO. 1

TO

CREDIT CARD PROGRAM AGREEMENT

     This Amendment No. 1 to the Credit Card Program Agreement (the “Amendment”) is made and
entered into this 17th day of November, 2006, by and among Pier 1 Imports (U.S.), Inc., a Delaware
corporation (“Pier 1”) and Chase Bank USA, N.A. (“Bank”).

WITNESSETH:

     WHEREAS, Pier 1 and Bank have previously entered into that certain Credit Card Program
Agreement, dated as of August 30, 2006 (the “Program Agreement”);

     WHEREAS, Pier 1 and Bank desire to amend the Program Agreement to provide for certain
modifications to the payment and handling of certain fees and settlements addressed by the Program
Agreement;

     NOW, THEREFORE, in consideration of the premises, the mutual covenants herein contained, and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

ARTICLE 1

DEFINITIONS AND USAGE

1.1 Definitions.

     For purposes of this Amendment, capitalized terms used but not otherwise defined in this
Amendment will have the meaning ascribed to such terms in the Program Agreement.

1.2 Miscellaneous.

     (a) As used herein: (1) all references to the plural number shall include the singular
number (and vice versa); (2) all references to “herein,” “hereunder,” “hereof” or like words
shall refer to this Amendment as a whole and not to any particular section, subsection or
clause contained in this Amendment; (3) all references to “include,” “includes” or
“including” shall be deemed to be followed by the words “without limitation”; (4) unless
specified as Business Days or Fiscal Months, all references to days or months shall be
deemed references to calendar days or months; and (5) all references to “$” or “dollars”
shall be deemed references to United States dollars.

     (b) Any approvals and consents required under this Amendment shall not be unreasonably
withheld, unless such consent or approval may be made in the sole discretion of a party.

     (c) This Amendment was negotiated by the parties with the benefit of legal
representation, and any rule of construction or interpretation otherwise requiring this
Agreement to be construed or interpreted against any party shall not apply to any
construction or interpretation hereof.

 

 

ARTICLE 2

AMENDMENTS

2.1 Amendment to Section 7.1 of the Program Agreement.

     Section 7.1 of the Program Agreement is amended to read in its entirety as follows:

7.1 Reports. From the Closing Date to the Systems Transition Date, within
ten (10) Business Days after the end of each Fiscal Month or such other time as may
be agreed by the Parties with respect to particular reports, Pier 1 shall provide to
the Management Committee and Bank the report specified in Schedule 7.1(a)
(which report shall be reported on a Fiscal Month, calendar month or cycles-basis,
as agreed upon by the parties), and such other reports as are mutually agreed to by
the Parties from time to time. From and after the Systems Transition Date, within
ten (10) Business Days after the end of each Fiscal Month or such other time as may
be agreed by the Parties with respect to particular reports, Bank shall provide to
the Management Committee and Pier 1 the report specified in Schedule 7.1(b)
(which report shall be reported on a Fiscal Month, calendar month or cycles-basis,
as agreed upon by the parties), and such other reports as are mutually agreed to by
the Parties from time to time. The payment report to be delivered by either Pier 1
or Bank pursuant to this Section 7.1 shall be known as a “Monthly Settlement Sheet”.

2.2 Amendment to Section 8.4(b) of the Program Agreement.

     Section 8.4(b) of the Program Agreement is amended to read in its entirety as follows:

     “(b) Bank shall remit to Pier 1 for itself and the Retail Merchants, an amount
calculated in accordance with Schedule 8.4(a) or Schedule 8.4(b), as
applicable.”

2.3 Amendment to Section 9.1(a) of the Program Agreement.

     Section 9.1(a) of the Program Agreement is amended to read in its entirety as follows:

     (a) Payments.

     (i) Not later than 1:00 pm (Central time) on each Business Day, Bank shall
initiate payment to Pier 1 an amount equal to the amount set forth on Schedule
8.4(a) or Schedule 8.4(b), as applicable, with respect to the Accounts.

     (ii) Not later than 1:00 p.m. (Central time) on the tenth (10th) Business Day
after the end of each Fiscal Month, Bank shall initiate payment to Pier 1 in the
amounts determined in accordance with Schedule 7.1(a) or Schedule
7.1(b), as applicable, with respect to the Accounts.

For the avoidance of doubt, any such payment shall not be deemed a waiver of, or in any
other way limit, a Party’s right to pursue any dispute with respect to such payment in
accordance with the terms of this Agreement and each of Bank or Pier 1 may invoke the
dispute resolution procedures set forth herein following payment of such amounts.

-2-

 

2.4 Amendment to Schedule 7.1 of the Program Agreement.

     During the period between the Closing Date and the Systems Transition Date, the Parties shall
use Schedule 7.1(a) attached hereto in lieu of Schedule 7.1 attached to the Program Agreement.
Following the Systems Transition Date, the Parties shall use Schedule 7.1(b) attached hereto in
lieu of Schedule 7.1 attached to the Program Agreement.

2.5 Amendment to Schedule 8.4 of the Program Agreement.

     During the period between the Closing Date and the Systems Transition Date, the Parties shall
use Schedule 8.4(a) attached hereto in lieu of Schedule 8.4 attached to the Program Agreement.
Following the Systems Transition Date, the Parties shall use Schedule 8.4(b) attached hereto in
lieu of Schedule 8.4 attached to the Program Agreement.

2.6 No Other Amendments

     Except as amended by this Amendment, all other provisions of the Program Agreement remain
unmodified and in full force and effect.

ARTICLE 3

GENERAL PROVISIONS

3.1 Severability

     If any provision of this Amendment is held invalid or unenforceable by any court of competent
jurisdiction, the other provisions of this Amendment will remain in full force and effect. Any
provision of this Amendment held invalid or unenforceable only in part or degree will remain in
full force and effect to the extent not held invalid or unenforceable.

3.2 Governing Law

     (a) This Amendment and all rights and obligations hereunder, including matters of
construction, validity and performance, shall be governed by and construed in accordance with the
laws of the State of Delaware applicable to contracts made to be performed within such State and
applicable federal law.

     (b) Each Party shall comply in all material respects with Applicable Law in connection with
its activities and the exercise of its rights and performance of its obligations hereunder.

3.3 Execution of Amendment

     This Amendment may be executed in one or more counterparts, each of which will be deemed to be
an original copy of this Amendment and all of which, when taken together, will be deemed to
constitute one and the same agreement. The exchange of copies of this Amendment and of signature
pages by facsimile transmission shall constitute effective execution and delivery of this Amendment
as to the parties and may be used in lieu of the original Amendment for all purposes. Signatures
of the parties transmitted by facsimile shall be deemed to be their original signatures for all
purposes.

-3-

 

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

	 	 	 	 	 
	 	PIER 1 IMPORTS (US), INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CHASE BANK USA, NA

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

-4-

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