Document:

EX-4.21

 

Exhibit 4.21

WERKSMANS

ATTORNEYS

CESSION IN SECURITATEM DEBITI AND PLEDGE

(Shares)

by

ARMGOLD HARMONY JOINT INVESTMENT COMPANY (PROPRIETARY) 

LIMITED

in favour of

FIRSTRAND BANK LIMITED

(acting through its Rand Merchant Bank division)

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	INTERPRETATION
	 	 	1	 
	FINANCE DOCUMENTS
	 	 	3	 
	CESSION AND PLEDGE
	 	 	3	 
	DURATON
	 	 	4	 
	DELIVERY
	 	 	5	 
	USE AND ENJOYMENT
	 	 	8	 
	SAFE-KEEPING
	 	 	8	 
	WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS
	 	 	9	 
	BREACH
	 	 	11	 

 

 

CESSION IN SECURITATEM DEBITl AND

PLEDGE (Shares)

by

ARMGOLD HARMONY JOINT INVESTMENT COMPANY (PROPRIETARY) 

LIMITED

In favour of

 

F I R S T R A N D BANK LIMITED

(acting through its Rand Merchant Bank division)

	1.	 	INTERPRETATION
	 
	 	 	In this Agreement -
	 
	1.1	 	any capitalised term not defined in 1.2 but defined in the Loan Agreement shall, in
this Agreement, bear the meaning assigned to it in the Loan Agreement;
	 
	1.2	 	the following expressions shall bear the meanings assigned to them below and cognate
expressions bear corresponding meanings –
	 
	1.2.1	 	“the/this Agreement” or “the/this Cession” — the cession in securitatem debiti and
pledge (shares) set out in this document, as amended, novated and/or replaced from time to
time,
	 
	1.2.2	 	“Ceded Rights” — all of the Cedent’s right, title and interest in and to all the WAL
Shares, including all of the Cedent’s rights from or in respect of, or constituting a part of,
the aforegoing rights including the reversionary rights referred to in 3.2;
	 
	1.2.3	 	“Cedent” — ARMGold Harmony Joint Investment Company (Proprietary) Limited

 

 

	 	 	(registration number 20021032163/07), a private company duly incorporated in
accordance with the laws of the RSA;
	 
	1.2.4	 	“CSD” - STRATE Limited, a public company with limited liability duly incorporated in
the RSA, being a central securities depository duly registered as such in terms of the
Securities Service Act, 2005;
	 
	1.2.5	 	“CSDP” — a participant duly accepted by the CSD as a. participant in terms of the
Securities Services Act, 2004;
	 
	1.2.6	 	“Loan Agreement” — the written loan agreement concluded or to be concluded between
FirstRand Bank Limited (acting through ifs Rand Merchant Bank Division), Harmony Gold Mining
Company Limited, African Rainbow Minerals Gold Limited, Evander Gold Mines Limited,
Randfontein Estates Limited, Avgold Limited, ARMGold/Harmony Freegold Joint Venture Company
(Proprietary) Limited and the Cedent contemporaneously with the signature of this Agreement;
	 
	1.2.7	 	“Obligations Default” — any one or more of

	 	1.2.7.1	 	a breach by the Cedent of any of the Secured Obligations;
	 
	 	1.2.7.2	 	the occurrence of an Event of Default; and/or
	 
	 	1.2.7.3	 	any ciaim arising or being made against any of the Relevant Persons under
the written guarantees given by them to the Lender in respect of the Secured
Obligations;

	1.2.8	 	“Parties” — the pasties to this Agreement, and “Party” means either one of them, as
the context may require;
	 
	1.2.9	 	“Secured Obligations” — any and all obligations (irrespective of the materiality of
same) which the Cedent now has, or may from time to time have, to the Lender (including
contingent obligations, obligations to pay damages as a result of a breach and any other
obligations whatsoever) in terms of, or arising in connection with –

	 	1.2.9.1	 	the Loan Agreement (including the guarantee granted by the Cedent pursuant
to the provisions of clause 28 of the Loan Agreement); and/or

 

 

	 	1.2.9.2	 	this Agreement;

	1.2.10	 	“Signature Date” — the date of signature of this Agreement by the Party signing
last in time.
	 
	2.	 	FINANCE DOCUMENTS
	 
	 	 	This Agreement constitutes one of the Finance Documents referred to in the Loan Agreement
and accordingly the provisions of clauses 2, 21, 22, 23 and 25 to 33 (both clauses
inclusive) of the Loan Agreement are deemed to be incorporated into and form part of this
Agreement.
	 
	3.	 	CESSION AND PLEDGE
	 
	3.1	 	As security for the Secured Obligations, the Cedent hereby cedes in securitatem
debiti and pledges to and in favour of the Lender a of the Ceded Rights.
	 
	3.2	 	Without prejudice to any other provision of this Agreement (inducing the warranties
given by the Cedent to the Lender in 8), if the Cadent has pledged. ceded or otherwise
encumbered any of the Ceded Rights to any other person or entity(prior to the Signature Date,
this Agreement shall (without affecting the operation of this Agreement in respect of those of
the Ceded Rights which have not been so ceded to another party) constitute a cession in
securitatem debiti and pledgeto the Lender of the Cedent’s reversionary rights (including all
of the Cedent’s rights of action against such other party and any rights which now or may in
the future vest in the Cedent pursuant to such reversionary rights) in respect of those Ceded
Rights. The Lender shall be entitled to notify such other person of this Agreement.
	 
	3.3	 	This Agreement and the cession and pledge incorporated herein are without prejudice
and in addition to, and not in substitution of, any other security (“Other Security”) which
may have been granted by the Cedent and/or any other party to the Lender. The validity and/or
operation of any Other Security shall not be affected by this Agreement.
	 
	4.	 	DURATION
	 
	 	 	This Agreement is a continuing covering security for all of the Secured

 

 

	 	 	Obligations and shall only terminate after all of the Secured Obligations have been
completely discharged or fully and finally settled and there are no contingent Secured
Obligations in existence. Accordingly, and without limitation of the aforegoing, the
provisions of this Agreement shall continue to be of full force and effect and binding on
the Cadent notwithstanding
	 
	4.1	 	any cancellation or termination of or any variation or amendment to any agreement or
other undertaking for the time being in existence between the Cedent and the Lender and/or any
other person or entity (including the Borrower);
	 
	4.2	 	any fluctuation in or temporary extinction of any of the Secured Obligations;
	 
	4.3	 	any indulgence which may be shown or given by the Lender to the Cedent and/or the
Borrower;
	 
	4.4	 	the receipt by the Lender of any dividend or other benefit in any liquidation or
judicial management, compromise or composition of the Cadent and/or the Borrower; or
	 
	4.5	 	the whole or partial release or abandonment of, or failure to acquire or perfect, any
Other Security (including a release of any surety or other guarantor or of any mortgage,
pledge, cession, lien or hypothec) by the Lender,
	 
	5.	 	DELIVERY
	 
	5.1	 	The Cadent shall, on the Signature Date, deliver to the Lender (or its agent)
certified copies of all documents and/or instruments of whatever nature which evidence title
to, or otherwise relate to, the Ceded Rights. Without derogating from the aforegoing
provisions of this 5.1, the Cadent shall so deliver to the Lender (or its agent) the original
share certificates in respect of the shares comprising the Ceded Rights. (if in material form)
and duly signed share transfer forms in respect thereof, which shall be undated and blank as
to transferee.
	 
	5.2	 	If any document and/or instrument which evidences title to the Ceded Rights (or which
is otherwise related to the Ceded Rights) does not exist as at the Signature Date but
subsequently comes into existence, the Cadent shall deliver same to the Lender (or its agent)
forthwith after it so coming into existence.

 

 

	5.3	 	Unless the Lender is using such documents or instruments to exercise its rights in
terms of 9, all documents and instruments delivered to the Lender (or its agent) in terms of
this 5 Shall be held by the Lender (or its agent) for the duration of this Agreement.
	 
	5.4	 	All documents and instruments delivered to the Lender (or its agent) in temrs of this
5 are so delivered to ensure that the lender has full, complete and up-to-date information
relating to the Ceded Rights and evidnce of the Cedent’s title thereto and, accordingly:-
	 
	5.4.1	 	delivery of any such documents and/or istruments shall not constitute a novation or
alteration of this Agreement;
	 
	5.4.2	 	a breach by the Cedent of the obligation to deliver any document and/or instrument
in terms of this 5 shall not -

	 	5.4.2.1	 	affect the legality, validity or binding effect of the cession and pledge
of the Ceded Rights embodied in this Agreement;
	 
	 	5.4.2.2	 	affect or, in any manner, impinge upon the rights of the Lender in terms
of this Agreement; and

	5.4.3	 	the cession and pledge of the Ceded Rights shall have been perfected and completed
solely by virtue of the entry into of this Agreement and the delivery of the documents, or any
of them, in terms of this 5 shall not be required to effect such completion or perfection of
the cession and pledge of the Ceded Rights.
	 
	5.5	 	Notwithstanding anything to the contrary in this 5, to the extent that any of the
documents and/or instruments evidencing the Ceded Rights are not in a material form (ie, to
the extent that such documents and/or instruments have been dematerialised or immobilised and
are held by the CSD), the Cedent shall fulfil its obligations in terms of this 5 (insofar as
such obligations pertain to such documents and/or instruments which are not in a material
form) by -
	 
	5.5.1	 	delivering to the Lender (or its agent) such documents and records (if any, and in
whatever medium same may be maintained) as may be required for the Lender to procure, at any
time, an electronic transfer of the Ceded Rights from the relevant

 

 

	 	 	securities account of the Cedent in the relevant sub-register of the
CSDP in which they are registered to the relevant securities account of
the Lender in the sub-register of the relevant CSDP pursuant to the
provisions of -

	 	5.5.1.1	 	the Companies Act; and
	 
	 	5.5.1.2	 	the Securities Services Act, 2004; and
	 
	 	5.5.1.3	 	the rules and regulations of the CSD; and

	5.5.2	 	causing the required entries to be made in the relevant securities account of the
Cedent in the relevant sub-register of the relevant CSDP in which they are registered of the
Lender’s rights and interests in and to the Ceded Rights in accordance with section 43 of the
Securities Services Act, 2004 and the rules and regulations of the CSD; and
	 
	5.5.3	 	causing an entry to be made in the relevant securities account of the relevant CSDP
in the register of the CSD of the fact that the Ceded Rights have been ceded and pledged in
terms of this Agreement in accordance with section 43 of the Securities Services Act, 2004 and
the rules and regulations of the CSD; and
	 
	5.5.4	 	nominating, constituting and appointing, and the Cedent hereby irrevocably and in
rem suam so nominates, constitutes and appoints, the Lender, with the power of substitution,
as the Cedents sole and exclusive agent in the Cederns name, place and stead to sign all such
documents and do all such things as may be necessary or desirable, if an Obligations Default
has occurred, for the Lender to procure the electronic transfer of the Ceded Rights into the
relevant securities account of the Lender in the sub-register of the relevant CSDP,
	 
	 	 	all in such manner as the Lender may approve in writing.
	 
	6.	 	USE AND ENJOYMENT
	 
	6.1	 	Unless an Obligations Default has occurred and is continuing, the Cedent shall be
entitled to exercise all of the Ceded Rights, to the exclusion of the Lender.
	 
	6.2	 	As from the date on which an Obligations Default has occurred and for so long as

 

 

	 	 	same is continuing, the Lender shall automatically be entitled to exercise all of the
voting rights attaching to such shares in its own name.
	 
	7.	 	SAFE-KEEPING
	 
	7.1	 	The Lender, in its capacity as cessionary in terms of this Agreement, shall have no
responsibility (but shall be entitled so to do should the Cadent fail to do se) to preserve,
protect or enforce the Ceded Rights or to accept or collect any right, payment or other
benefit relating to any of the Ceded Rights and is therefore not obliged to furnish any
security to the Cadent in this regard.
	 
	7.2	 	Without prejudice to the Lender’s other rights in terms of this Agreement or at law,
if at any time the Lender (as agent of the Cedent) takes any steps in accordance with 7.1
which the Lender deems necessary for the preservation, protection or enforcement of the Ceded
Rights or for the acceptance or collection of any right, payment or other benefit relating to
any of the Ceded Rights and incurs any reasonable cost or expense in so doing, then the Cedent
shall forthwith upon demand therefor reimburse the Lender with the amount of such cost or
expense.
	 
	7.3	 	To the extent permissible in law, the Cadent hereby absolves the Lender absolutely
from, and waives. any claim the Cadent would otherwise have had in respect of, any liability
for any loss; liability, damage or expense which the Cedent may suffer or incur in relation to
any of the Ceded Rights as a result of any act or omission by the Lender (or any of the
lenders agents or representatives) in relation thereto (including any loss, liability, damage
or expense which the Cedent may suffer as a consequence, directly or indirectly, of the Lender
lawfully exercising any of the Lender’s rights in terms of this agreement, failing to
preserve, protect or enforce any rights attaching to the Ceded Rights or failing to accept or
collect any right, payment or other benefit relating to the Ceded Rights).
	 
	8.	 	WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS
	 
	8.1	 	The Cadent gives the lender the warranties, representations and undertakings (each a
“Cedent’s Warranty’ and collectively the “Cedent’s Warranties”) in 8.2 on the basis that –
	 
	8.1.1	 	each Cedent’s Warranty shall, unless such Cedent`s Warranty is expressly stated to

 

 

	 	 	be given only at a particular date or time, be deemed to be given as on the
Signature Date and repeated every day thereafter until such time as all of the
Secured Obligations have been fully and finally discharged;
	 
	8.1.2	 	 each Cedent’s Warranty shall be deemed to be material;
	 
	8.1.3	 	insofar as any Cedent’s Warranty is promissory or relates to a future event, such
Cedent’s Warranty shall be deemed conclusively to have been given as at the due date for
fulfilment of the promise or for the happening of the event, as the case may be;
	 
	8.1.4	 	each Cedent’s Warranty shall be a separate and independent warranty and shall not be
limited to any reference to, or inference from, the terms of any other warranty or any other
provision of this Agreement; and
	 
	8.1.5	 	each Cedent’s Warranty shall to the extent that it is expressed in an inappropriate
tense be construed, and read, in the appropriate tense be construed, and read, in the
appropraite tense.
	 
	8.2	 	The Cedent warrants, represents and undertakes in favour of the Lender that save as
otherwise provided for, or contemplated in this Agreement –
	 
	8.2.1	 	it is or will be the sole and beneficial owner of the Ceded Rights and be entitled
to exercise the Ceded Rights;
	 
	8.2.2	 	it has not ceded, pledged, hypothecated or otherwise encumbered or created an
Encumbrance over the Ceded Rights in any way whatsoever;
	 
	8.2.3	 	the Ceded Rights are not subject to any limitation on their transferability which
has not been waived (as applicable) which would impede the implementation of any provision of
this Agreement;
	 
	8.2.4	 	it shall not alienate, encumber or create an Encumbrance over, or attempt to
alienate, encumber or create an Encumbrance over, any of the Ceded Rights;
	 
	8.2.5	 	no person has or will for the duration of this Agreement have any right to acquire
(including any option or right of pre-emption) any of the Ceded Rights;

 

 

	8.2.6	 	it shall, if an 5llgat€ons Default octiurs, render to the Lender such assistance
as the Lender may require for the purpose of enforcing its rights in respect of any
Ceded R€ghts. Accordingly it shall, at all reasonable times and on reasonable notice and
whether or not an Obligations Default has occur, ed, give the Lender free and unrestricted
access to all of its books, records and documents relating to the Ceded Rights and the lender
shall be entitled to extract information and take copies of such books, records and documents.
	 
	8.2.7	 	If an Obligations Default occurs, it shall not exercise or purport to exercise any
right attaching to or constituting part of the Ceded Rights, unless done with the prior
written consent of the Lender;
	 
	8.2.8	 	it is not in breach or would (after the expiry of an applicable grace period) be
deemed to be in breach of any of its obligations under this Agreement;
	 
	8.2.9	 	it shall not amend or purport to amend any of the terms or rights constituting part
of or pertaining to the Ceded Rights; and
	 
	8.2.10	 	it shall immediately advise the Lender if any of the provisions of this Agreement
are, or may be, breached.
	 
	9.	 	BREACH
	 
	9.1	 	This Agreement constitutes one of the Finance Documents and, accordingly, the
occurrence of any of the events and circumstances set out in clause 19 of the Loan Agreement
shall be deemed to constitute a breach by the Cadent of this Agreement.
	 
	9.2	 	If an Obligations Default occurs and for so long as same is continuing, then the
Lender shall entitled, after having given the Cedent a period of ten days in which to remedy
the Obligations Default but without first obtaining any order of court,
	 
	9.2.1	 	if applicable, and while the shares mprising the Ceded Rights remain registered in
the name of the Cedent, to appoint any person as the Cedent’s proxy or representative to
attend meetings of shareholders of the Cadent, to exercise any votes attaching to any of the
Ceded Rights at any such meetings of shareholders and to represent the Cedent in all respects
at such meetings;

 

 

	9.2.2	 	if applicable, to have the shares comprising the Ceded Rights registered
in the name of the Lender (as custodian) at the cost and expense of the Cedent prior to the
disposal thereof in terms of 9.2.3;
	 
	9.2.3	 	either

	 	9.2.3.1	 	(without any obligations to do so at any particular price or to take any
particular steps to ensure the best possible price) to cause all or any of the Ceded
Rights to be sold either by public auction or private treaty, as the Lender in its
sole and absolute discretion may deem fit; or
	 
	 	9.2.3.2	 	without prejudice to the rights of the Lender (or any of its
subsidiaries), to purchase such Ceded Rights at any such sale by public auction if
there is a public auction in terms of 9.2.3.1, or to a quire all or any of the Ceded
Rights at a price equal to the fair value thereof at the time which, in the absence
of agreement between the Lender and the Cedent at the time, shall be determined by
any auditor appointed for this purpose by the President for the time being of the
South African institute of Chartered Accountants (or its successor body) at the
request of the Lender. Such auditor shall act as an expert and not as an arbitrator,
and shall determine such fair value in his sole and absolute discretion and his
decision shall, in the absence of manifest error in calculation, be final and binding
on the parties;

	9.2.4	 	to convey valid title in the Ceded Rights to any purchaser thereof (including the
Lender itself)
	 
	9.2.5	 	to exercise any rights of the Cedent afforded to it pursuant to the Ceded Rights;
	 
	9.2.6	 	to recover and retain and give a valid receipt for any amount due in terms of or in
respect of any of the Ceded Rights directly from the Cedent or any other person;
	 
	9.2.7	 	if for any reason whatsoever, the Lender is unable to exercise any of its rights in
terms of 9.2.1, 9.2.2, 923, 9.2.4, 9.2.5 and 9.2.6, to claim from the Cedent by way of
damages, an amount equal to the value that the Ceded Rights but not exceeding the amount owing
by the Cedent to the Lender pursuant to the Secured Obligations;

 

 

	 	 	and/or
	 
	9.2.8	 	to grant any indulgence, leniency, extension of time and/or to compromise, release,
abandon or waive any right or spes which relates to : or constitutes part of the Ceded Rights,
including any right against the Cedent, any right against any surety or guarantor and any
right in terms of any other form of security.
	 
	9.3	 	The Lender shall apply the net proceeds of any disposal or recovery referred to in
9.2 (after deducting therefrom all reasonable casts and expenses incurred by the Lender in
connection with such sale, acquisition or recovery and the exercise by the Lender of the
Lenders rights) in reduction or discharge, as the case may be, of the Cedenrs indebtedness to
the Lender,
	 
	9.4	 	The Cedent hereby irrevocably and in rem suam nominates, constitutes and appoints
such officer, or employee or agent of the Lender as shall from time to time be nominated for
this purpose by the Lender as the Cedent’s sole and exclusive attorney and agent in the
Cedent’s name, place and stead, to sign and execute all such documents and to do all such
things as such officer in his sole and absolute discretion may consider to be necessary or
desirable to give effect to this Agreement (including this 9).
	 
	9.5	 	The Parties acknowledge and agree that –
	 
	9.5.1	 	the Secured Obligations are obligations of a commercial nature;
	 
	9.5.2	 	the application of the provisions of this 9 will confer upon the Lender certain
procedural benefits which, in fight of the commercial nature of the transaction secured by
this Agreement, are fair, reasonable and necessary to ensure that the Lender does not suffer
unfair commercial prejudice.
	 
	9.6	 	The provisions of this 9 are without prejudice to any other rights and remedies which
the Lender may have in terms of this Agreement and/or the Loan Agreement and shall be
severable and divisible from the other terms and conditions of this Agreement if found to be
invalid or unenforceable. In this regard the Parties record that the terms hereof would
constitute a cession in securitatem debiti and pledge even if the parate executie terms
included herein were not agreed upon and accordingly

 

 

	 	 	even if the parate executie terms are found to be invalid or enforceable, the remaining
provisions of this Agreement are intended to remain of full force and effect.
	 
	 	 	Signed at Sandton on 11 March 2006

	 	 	 	 	 	 	 
	 

	 	for
	 	ARMGold Harmony Joint Venture
	 	 
	 

	 	 	 	investment Company (Proprietary)	 	 
	 

	 	 	 	Limited	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 		 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	who warrants that he s duly	 	 
	 

	 	 	 	authorised hereto	 	 

 

 

NOTARIAL COPY

FIRSTMND BANK LIMITED

HARMONY TRANSACTION

DOCUMENTATION

11 I
t   a r c h   2006

WERKSMANS

A
T T O R N E Y

155T

SANDOWN SANDTON

2>9 JOHANNESBURG

SOUTH AFRICA

PRIVATE BAG I001 S

SANDTON 2146

TEL      (27) (II) 535-8000

FAX      (27) (I I) 535-8600

DOC EX 1 I 1 SANDTON

tNTERN ET: ha),lerksmns,co,za

E-MAIL: enquiries ..2erksmans.c.o.73

 

 

CERTIFICATE

I, the undersigned,

WILLEM JORDAAN DU PLESSIS

a

Notary Public, practising at Johannesburg, in the Province of Gauteng, Republic of South Africa,
duly admitted and sworn, do hereby certify and attest unto all whom it may concern that the
transaction documents relating to

THE HARMONY TRANSACTION

attached hereto are true and correct copies of the original thereof.

SIGNED AT SANDTON ON            MARCH 2006.

	 	 	 	 	 
	 

	 	
	 	 
	 

	 	 	 	 
	 

	 	NOTARY PUBLIC	 	 
	 
	 	 	 	 
	 

	 	Werksman
	 	 
	 

	 	155 — 5th Skeet	 	 
	 

	 	Sandown	 	 
	 

	 	Sandton	 	 
	 

	 	2196	 	 
	 

	 	Private Bag 10015	 	 
	 

	 	Sandton	 	 
	 

	 	2146	 	 
	 

	 	Tel : (011) 535-8000 Telefax : (011)	 	 
	 

	 	535-8600EX-10.5

 

EXHIBIT 10.5

AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER

     THIS AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER (this “Amendment”) is made and
entered into as of October 30, 2006 by and among MOTOROLA, INC., a Delaware corporation
(“Parent”), MOTOROLA GTG SUBSIDIARY I CORP., a Delaware corporation and a wholly-owned
subsidiary of Parent (“Merger Sub”), and SYMBOL TECHNOLOGIES, INC., a Delaware corporation
(the “Company”).

RECITALS

     WHEREAS, Parent, Merger Sub and the Company are parties to an Agreement and Plan of Merger,
dated as of September 18, 2006 (as amended hereby, the “Merger Agreement”; terms defined in
the Merger Agreement and not otherwise defined herein are being used herein as therein defined),
pursuant to which, and subject to the terms and conditions set forth therein, Merger Sub will merge
with and into the Company; and

     WHEREAS, Parent, Merger Sub and the Company have agreed to amend the Merger Agreement on the
terms provided herein in order to clarify the mechanics of payment of consideration to the holders
of outstanding options of the Company.

     NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties hereto agree as follows:

     Section 1. Amendment. The Merger Agreement is hereby amended as follows:

     (a) Section 4.2 is hereby amended by deleting the lead-in to such Section and
subsections (a) and (b) of such Section in their entirety and inserting in lieu thereof the
following:

     “4.2 Exchange of Certificates. The procedures for exchanging outstanding
shares of Company Common Stock for the Merger Consideration pursuant to the Merger are as
follows:

     (a) Exchange Agent. At or prior to the Effective Time, Parent
shall deposit, or cause to be deposited, with an exchange agent appointed by Parent
and approved by the Company prior to the date hereof (the “Exchange Agent”),
for the benefit of the holders of shares of Company Common Stock, for payment
through the Exchange Agent in accordance with this Section 4.2, cash in an
amount equal to the product of the Merger Consideration and the number of shares of
Company Common Stock issued and outstanding immediately prior to the Effective Time,
including all shares of Restricted Stock (exclusive of any shares to be cancelled
pursuant to Section 4.1(b)) (the “Exchange Fund”). Pending
distribution of the cash deposited with the Exchange Agent, such cash shall be held
in trust for the benefit of the holders of Company Common Stock entitled to receive
the Merger Consideration and shall not be used for any other purposes;
provided, however, any interest and other income resulting from such
investment shall become a part of the Exchange Fund, and any amounts in excess of
the amounts payable under

 

 

Section 4.1(c) shall be promptly returned to Parent. The Exchange
Agent shall invest the Exchange Fund as directed by Parent provided that such
investments shall be in obligations of or guaranteed by the United States of
America, in commercial paper obligations rated A-1 or P-1 or better by Moody’s
Investors Service, Inc. or Standard & Poor’s Corporation, respectively, or in
certificates of deposit, bank repurchase agreements or banker’s acceptances of
commercial banks with capital exceeding $1 billion, provided that no such
investments shall have maturities that could prevent or delay payments to be made
pursuant to this Article IV.

     (b) Exchange Procedures. Promptly (and in any event within five (5)
Business Days) after the Effective Time, Parent shall cause the Exchange Agent to
mail to each holder of record of a certificate which immediately prior to the
Effective Time represented outstanding shares of Company Common Stock (each, a
“Certificate”), (i) a letter of transmittal in customary form and as
approved by the Company and (ii) instructions for effecting the surrender of the
Certificates in exchange for the Merger Consideration payable with respect thereto.
Upon surrender of a Certificate (or effective affidavit of loss required by
Section 4.2(g) in lieu thereof) for cancellation to the Exchange Agent,
together with such letter of transmittal, duly executed, the holder of such
Certificate shall be entitled to receive in exchange therefor the Merger
Consideration that such holder has the right to receive pursuant to the provisions
of this Article IV, after giving effect to any required withholding taxes
pursuant to Section 4.2(f) hereof, and the Certificate so surrendered shall
immediately be cancelled. No interest will be paid or accrued on the cash payable
upon the surrender of such Certificates. In the event of a transfer of ownership of
Company Common Stock which is not registered in the transfer records of the Company,
it will be a condition of payment of the Merger Consideration that the surrendered
Certificate be properly endorsed, with signatures guaranteed, or otherwise in proper
form for transfer and that the Person requesting such payment will pay any transfer
or other taxes required by reason of the payment to a Person other than the
registered holder of the surrendered Certificate or such Person will establish to
the satisfaction of Parent that such taxes have been paid or are not applicable.
Until surrendered as contemplated by this Section 4.2, each Certificate (or
effective affidavit of loss required by Section 4.2(g) in lieu thereof)
shall be deemed at any time after the Effective Time to represent only the right to
receive upon such surrender the Merger Consideration as contemplated by this
Section 4.2. For purposes of this Agreement, the term “Person”
shall mean an individual, corporation, partnership, limited liability company, joint
venture, association, trust, unincorporated organization or other entity.”

     (b) Section 4.3 is hereby amended by deleting subsections (b) and (c) of such Section
in their entirety and inserting in lieu thereof the following:

     ”(b) Notwithstanding the provisions of Section 4.3(a), in lieu of an
Option Holder exercising his or her Company Stock Options, each Company Stock
Option, to the extent remaining unexercised as of the Effective Time, shall

2

 

be cancelled and shall thereafter no longer be exercisable except that the
Option Holder thereof shall be entitled to a payment in cash (the “Option
Payment”), as of the Effective Time, in an amount (if any) equal to (i) the
product of (x) the number of shares of Company Common Stock subject to such Company
Stock Option held by such Option Holder, whether or not then vested or exercisable,
and (y) the excess, if any, of the Merger Consideration over the exercise price per
share of Company Common Stock subject to such Company Stock Option, minus
(ii) all applicable federal, state and local Taxes required to be withheld by the
Company. At or prior to the Effective Time, Parent shall deposit, or cause to be
deposited, with the Company, for the benefit of the Option Holders, cash in an
amount equal the aggregate amount of all Option Payments. Each Option Payment shall
be paid by the Company or its agent to the applicable Option Holder as promptly as
reasonably practicable after the Closing Date. Prior to the Effective Time, the
Company agrees to take any and all actions necessary (including the adoption of
resolutions by the Company Board to amend the Company Stock Plans (other than the
Company’s 2000 Directors’ Stock Option Plan) and any other action reasonably
requested by Parent) to approve and effectuate the foregoing.

     (c) [INTENTIONALLY OMITTED]”

     Section 2. Representations of the Company. The Company hereby represents and
warrants to Parent and Merger Sub as follows:

     (a) The Company has all necessary corporate power and authority to execute and deliver this
Amendment, to perform its obligations under the Merger Agreement (as amended by this Amendment) and
to consummate the Merger, subject only to the Company Voting Proposal and the filing of the
Certificate of Merger pursuant to Delaware Law.

     (b) This Amendment has been duly and validly executed and delivered by the Company and,
assuming the due authorization, execution and delivery by Parent and Merger Sub, the Merger
Agreement (as amended by this Amendment) constitutes the valid and binding agreement of the
Company, enforceable against the Company in accordance with its terms, except as such
enforceability may be subject to Laws of general application relating to bankruptcy, insolvency,
reorganization, moratorium and the rights of creditors and rules of Law governing specific
performance, injunctive relief or other equitable remedies.

     Section 3. Representations of Parent and Merger Sub. Each of Parent and Merger Sub
hereby represents and warrants to the Company as follows:

     (a) Each of Parent and Merger Sub has all necessary corporate power and authority to execute
and deliver this Amendment, to perform its obligations under the Merger Agreement (as amended by
this Amendment) and to consummate the Merger, subject only to the filing of the Certificate of
Merger pursuant to Delaware law.

     (b) This Amendment has been duly and validly executed and delivered by each of Parent and
Merger Sub and, assuming the due authorization, execution and delivery by the

3

 

Company, the Merger Agreement (as amended by this Amendment) constitutes the valid and binding
agreement of each of Parent and Merger Sub, enforceable against each of them in accordance with its
terms, except as such enforceability may be subject to Laws of general application relating to
bankruptcy, insolvency, reorganization, moratorium and the rights of creditors and rules of Law
governing specific performance, injunctive relief or other equitable remedies.

     Section 4. Effective Date; No Implied Amendments. Each of the parties agrees that
the amendments to the Merger Agreement contained herein shall be effective upon execution of this
Amendment by each party hereto. Except as specifically amended by this Amendment, the Merger
Agreement shall remain in full force and effect in accordance with its terms. This Amendment shall
not be deemed to constitute a waiver of, or consent to, or a modification or amendment of, any
other provision of the Merger Agreement except as expressly provided herein or to prejudice any
other right or rights which any party may now have or may have in the future under or in connection
with the Merger Agreement. This Amendment shall not constitute an agreement or obligation of any
party to consent to, waive, modify or amend any term, condition, subsection or section of the
Merger Agreement, except as expressly provided herein.

     Section 5. Benefit of the Agreement. This Amendment shall be binding upon and inure
to the benefit of the parties hereto and their respective successors, permitted assigns, heirs and
executors. This Amendment shall not be construed so as to confer any right or benefit upon any
Person, other than the parties hereto and their respective successors, permitted assigns, heirs and
executors.

     Section 6. Headings. The headings used in this Amendment are for convenience of
reference only and shall not be deemed to limit, characterize or in any way affect the
interpretation of any provision of this Amendment.

     Section 7. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Delaware, without giving effect to the principles of
conflicts of law thereof.

     Section 8. Counterparts. This Amendment may be executed in counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

     Section 9. References to Agreement. On and after the date hereof, each reference in
the Merger Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring
to the Merger Agreement shall mean the Merger Agreement as amended by this Amendment;
provided, that for the avoidance of doubt, all references to the “date hereof”, the “date
of this Agreement” and words or expressions of similar import shall refer to September 18, 2006.

[signature pages follow]

4

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to Agreement and
Plan of Merger as of the date first written above.

	 	 	 	 	 	 	 
	 	 	MOTOROLA, INC.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Donald F. McLellan
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Donald. F. McLellan
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Corporate Vice President
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	MOTOROLA GTG SUBSIDIARY I CORP.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Donald F. McLellan
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Donald. F. McLellan
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Corporate Vice President
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SYMBOL TECHNOLOGIES, INC.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Salvatore Iannuzzi
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Salvatore Iannuzzi
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President and Chief Executive Officer
	 

	 	 	 	 	 	 

5

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