Document:

EX-10.1 SECOND AMEND. TO 2003 OMNIBUS INCENTIVE PL

 

Exhibit 10.1

THIRD AMENDMENT

TO THE

CHOICEPOINT INC.

2003 OMNIBUS INCENTIVE PLAN(1)

     THIS AMENDMENT is made this 21st day of March, 2005, by CHOICEPOINT INC., a Georgia
corporation (the “Company”), to the CHOICEPOINT INC. 2003 OMNIBUS INCENTIVE PLAN (the “Plan”).

     WHEREAS, the Company has previously adopted the Plan, and pursuant to Section 25 thereof, has
authorized the Management Compensation and Benefits Committee of the Company’s Board of Directors
(the “Committee”) to amend the Plan; and,

     WHEREAS, the Committee deems it desirable to amend the Plan as reflected below;

     NOW, THEREFORE, the Plan is hereby amended as follows, effective March 18, 2005:

	1.  	Subsection (k) of Section 4 of the Plan is hereby amended by adding the following sentence at
the end of said Subsection:

“Incentive Stock Options may only be granted to Participants who
meet the definition of “employees” as contained in Section 3401(c)
of the Code.”

	2.  	Section 23 of the Plan is hereby amended by deleting the first sentence of said section and
replacing it with the following sentence:

“The Committee also may permit Participants to elect to defer (a)
the issuance of Common Shares, other than upon exercise of Options
or of Stock Appreciation Rights, or (b) the settlement of awards in
cash under the Plan pursuant to such rules, procedures or programs
as it may establish for the purposes of this Plan.

	3.  	The remaining provisions of the Plan are hereby ratified and confirmed.

     IN WITNESS WHEREOF, the
Company has executed this Third Amendment as directed by the
Committee, effective the date first above noted.

	 	 	 	 	 
	 	CHOICEPOINT INC.

 	 
	 	By:  	/s/ Steven W. Surbaugh
 	 
	 	 	Title:  Chief Financial Officer 	 
	 	 	 	 
	 

	(1)  	The Company notes that the Second Amendment to the Choice
Point Inc. 2003 Omnibus Incentive Plan was not submitted for
shareholder approval and therefore never became effective.AMENDMENT NO.1 TO MERGER AGREEMENT

 

EXHIBIT 10.2

AMENDMENT NO 1 TO MERGER AGREEMENT

     This Amendment No. 1 (“Amendment No. 1”), dated as of May 10, 2005, to the Merger
Agreement, dated March 16, 2005, by and among Cenuco, Inc., a Delaware corporation
(“Purchaser”), Hermes Holding Company, Inc., a Delaware corporation and a wholly owned
subsidiary of Purchaser (“Merger Sub”), and Hermes Acquisition Company I LLC, a Delaware
limited liability company (“Seller”).

W I T N E S S E T H :

     WHEREAS, on March 16, 2005, Purchaser, Merger Sub and Seller entered into a Merger Agreement
(the “Agreement”) pursuant to which Merger Sub will be merged with and into Seller, as a
result of which the separate existence of Merger Sub shall cease and Seller shall continue as the
surviving company and a wholly-owned subsidiary of Purchaser;

     WHEREAS, Purchaser, Merger Sub and Seller wish to amend the Agreement, on the terms and
conditions set forth in this Amendment No. 1;

     WHEREAS, Purchaser, Merger Sub and Seller have duly authorized the execution and delivery of
this Amendment No. 1.

     NOW, THEREFORE, in consideration of the premises and mutual agreements herein set forth, and
intending to be legally bound hereby, the parties hereto agree that the Agreement shall be and
hereby is amended, in accordance with Section 15.2 thereof, as follows:

     1. Defined Terms. Terms defined in the Agreement and used and not otherwise defined
herein shall have the meanings given to them in the Agreement.

     2. Amendment of Agreement.

          (a) Section 1.1 of the Agreement is amended as follows:

          (i) the definitions of “Merger Shares” and “Merger Proxy Statement” are deleted in
their entirety and the following definitions are inserted therein:

     “Cenuco Proxy Statement” shall mean the Proxy Statement (or if
appropriate, Information Statement) of Purchaser referred to in Section 10.1, to be
filed with the Commission and sent to Purchaser’s stockholders covering, among other
things, (a) the approval of the issuance of shares of Purchaser Common Stock that
may be issued upon conversion of the Merger Preferred Shares in accordance with the
terms of the Plan of Merger and the Certificate of
Designation, (b) the approval of an amendment to Purchaser’s Amended and
Restated Certificate of Incorporation, as amended, to change the corporate name of
Purchaser to “Lander Co., Inc.” or another similar name designated by Seller and to
increase the number of authorized shares of Purchaser Common Stock to not less than
the greater of (x) 100,000,000 shares of Purchaser Common Stock or
(y) the number of shares of Purchaser Common Stock that may be issued upon
conversion of the Merger Preferred Shares plus any other shares of Purchaser

 

 

Common
Stock that may be issued pursuant to the Plan of Merger, (c) the approval of
the issuance of an aggregate of 34,000 shares of Purchaser Common Stock to Robert
Picow and Doug McMillen and (d) such other matters as are appropriate and
necessary to consummate the transactions contemplated by this Agreement.

     “Merger Common Shares” shall mean shares of Purchaser’s common stock,
par value $.001 per share (“Purchaser Common Stock”), issued pursuant to the
Plan of Merger as adjustments to the merger consideration payable to the Owners of
Seller arising upon exercise of any Purchase Rights (as defined in the Plan of
Merger) following the date that the Merger Preferred Shares have been converted into
Purchaser Common Stock.

     “Merger Preferred Shares” shall mean a number of shares of a new series
of preferred stock of Purchaser designated as “Series A Junior Participating
Preferred Stock” and having the designation, preferences and rights set forth in
Exhibit F attached hereto (“Certificate of Designation”) that is
equal to the quotient (rounded to the nearest ten thousandth) of which the numerator
is the product of (x) 0.65 and (y) the number of issued and
outstanding shares of Purchaser Common Stock immediately prior to the Effective Time
(as defined in the Plan of Merger) and the denominator is 3,500.

     “Merger Shares” shall mean the Merger Common Shares and the Merger
Preferred Shares”

          (b) The Agreement is amended by replacing all references to “Merger Proxy Statement” to read
“Cenuco Proxy Statement”.

          (c) Section 2.1 of the Agreement is amended by deleting the phrase “Purchaser,” from the first
sentence thereof.

          (d) Section 2.2 of the Agreement is amended to read in its entirety as follows:

     Merger Shares. At the Effective Time, by virtue of the Merger and
without any action on the part of the Seller or Purchaser, each equity interest in
the Seller issued and outstanding immediately prior to the Effective Time shall be
converted into the right to receive a pro-rata percentage of the Merger Preferred
Shares and the Merger Common Shares in accordance with Schedule 2.2 and the
Plan of Merger. Evidence of the issuance of the Merger Preferred Shares shall be
delivered to the Seller at the Closing. As soon as practicable after the Effective
Time, each Owner shall be entitled, upon evidence of transfer of such Owner’s
equity interests in the Seller, to receive its pro-rata percentage of the
Merger Preferred Shares. As soon as practicable after any shares of Merger Common
Shares become issuable, each Owner shall be entitled to receive its pro-rata
percentage of the Merger Common Shares. Except for the right to receive Merger
Common Shares as set forth in the Plan of Merger, all rights in respect of each
Owner’s equity interests in the Seller shall cease to exist upon receipt of such
Owner’s pro-rata percentage of the Merger Preferred Shares. All shares of

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Purchaser
Common Stock issued and outstanding immediately prior to the Effective Time shall be
unaffected by the Merger and such shares shall remain issued and outstanding.

          (e) Section 7.3 of the Agreement is amended by inserting a new sentence at the end of such
Section that reads in its entirety as follows:

     In order to make the above statements in this Section 7.3 true and correct,
Seller hereby acknowledges and agrees that Purchaser will be required to include a
proposal in the Cenuco Proxy Statement seeking stockholder approval of the issuance
of an aggregate of 34,000 shares of Purchaser Common Stock to Robert Picow and Doug
McMillen.

          (f) Section 7.21 of the Agreement is amended to read in its entirety as follows:

     Vote Required. The affirmative vote of the holders of a majority of
the issued and outstanding shares of Common Stock, par value $.001 per share, of
Merger Sub is the only vote necessary to adopt the Plan of Merger and the
transactions contemplated thereby. A majority of the votes cast by holders of
Purchaser Common Stock at a duly convened meeting of the stockholders of Purchaser
will be required in order to approve the issuance of any shares of Purchaser Common
Stock upon conversion of the Merger Preferred Shares, and before such shares of
Purchaser Common Stock may be listed on the American Stock Exchange.

          (g) The Agreement is hereby amended by adding a new Section 8.7 that shall read in its
entirety as follows:

     Post-Closing Conduct. From and after the Effective Time and prior to
the earlier of (x) December 31, 2005 and (y) the Mandatory
Conversion Date (as defined in the Certificate of Designation), Seller shall not, by
acting through the Purchaser’s Board of Directors or otherwise, cause the Purchaser
to: (i) declare any dividends or distributions on any capital stock of the Purchaser
prior to March 31, 2006, (ii) cause any default or breach under the terms of the
Certificate of Designation; (iii) cause the liquidation (voluntary or otherwise),
dissolution or winding up of the Purchaser; (iv) enter into any consolidation,
merger, combination or other similar transaction in which issued and
outstanding shares of Purchaser Common Stock are exchanged for or changed into other stock or
securities, cash and/or any other property; or (v) otherwise alter or change in any
material respect the powers, preferences or special rights of the Merger
Preferred Shares.

          (h) Section 10.1(a) of the Agreement is amended to read in its entirety as follows:

     As promptly as practicable after the date of this Agreement, but in no event
later than one hundred twenty (120) days after the Effective Time,

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Purchaser shall
prepare and file the Cenuco Proxy Statement with the Commission. Purchaser shall
respond to any comments of the Commission and will use its reasonable best efforts
to have the Cenuco Proxy Statement cleared by the Commission as promptly as
practicable after such filing and will cause the Cenuco Proxy Statement to be mailed
to Purchaser’s stockholders at the earliest practicable time. Purchaser shall file
all documents that it is responsible for filing with the Commission, and shall
comply in all material respects with all applicable requirements of law and the
rules and regulations promulgated thereunder. As promptly as practicable after the
date of this Agreement, Purchaser shall prepare and file with the Commission and
mail to its stockholders an information statement pursuant to Section 14(f) of the
1934 Act and Rule 14f-1 promulgated thereunder. Seller will use its reasonable best
efforts to ensure that the individuals designated by Seller to serve on the Board of
Directors of Purchaser pursuant to Section 12.7 hereof shall cause Purchaser to
comply with the obligations of Purchaser hereunder.

          (i) Section 10.2 of the Agreement is deleted in its entirety.

          (j) Section 10.3 of the Agreement is amended by replacing the clause “this Agreement and the
Plan of Merger and the approval of the Merger” to read “a resolution approving the issuance of
shares of Purchaser Common Stock upon conversion of the Merger Preferred Shares”.

          (k) Section 10.5 of the Agreement is amended to read in its entirety as follows:

     American Stock Exchange. Purchaser and Seller agree to work together
in good faith and use their respective reasonable best efforts to (a) list the
Merger Common Shares and the shares of Purchaser Common Stock issuable upon
conversion of the Merger Preferred Shares on the American Stock Exchange, subject to
official notice of issuance and (b) maintain the listing of Purchaser Common Stock
on the American Stock Exchange so long as the Board of Directors shall determine in
its good faith business judgment that it is in the best interests of Purchaser and
its stockholders to maintain such listing.

          (l) Section 11.6 of the Agreement is amended by deleting the second sentence thereof in its
entirety and by changing the heading to read “Fairness Opinion”.

          (m) Section 12.6 of the Agreement is amended by deleting the second sentence thereof in its
entirety and by changing the heading to read “Fairness Opinion”.

          (n) Section 13.1(f) of the Agreement is amended to read in its entirety as follows:
“[Intentionally Omitted]”.

          (o) Section 13.4(a) of the Agreement is amended by deleting the words “Section 13.1(f), or
(iii)”.

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          (p) Section 15.2 of the Agreement is amended by inserting a new sentence at the end of such
Section that reads in its entirety as follows:

     After the Effective Time, this Agreement may not be amended without the
approval of a majority of the members of the Board of Directors of the Purchaser who
served on the Board of Directors of the Purchaser prior to the Effective Time or, if
no such individuals are then serving on the Board of Directors, a majority of the
independent directors, as defined by the rules of the American Stock Exchange.

          (q) The Voting Agreement annexed to the Agreement as Exhibit A is hereby amended and
restated in the form attached hereto as Annex  A.

          (r) The Plan of Merger annexed to the Agreement as Exhibit C is hereby amended and
restated in the form attached hereto as Annex B.

     3. Agreement as Amended. The term “Agreement” as used in the Agreement shall be
deemed to refer to the Agreement as amended by this Amendment No. 1 and shall be effective as of
May 10, 2005, as if executed on such date. It is expressly understood and agreed that except as
otherwise provided herein, all terms, conditions and provisions contained in the Agreement shall
remain in full force and effect without any further change or modification whatsoever.

     4. Full Force and Effect. If any term, provision, covenant or restriction of this
Amendment No. 1 is held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this
Amendment No. 1, and the Agreement, shall remain in full force and effect and shall in no way be
affected, impaired or invalidated.

     5. Governing Law. This Amendment No. 1 shall be deemed to be a contract made under
the laws of the State of New York and for all purposes shall be governed by and construed in
accordance with the laws of such State applicable to contracts to be made and performed entirely
within the State.

     6. Execution
in Counterparts.
This Amendment No. 1 may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

     7. Ratification, Adoption and Approval. In all respects not inconsistent with the
terms and provisions of this Amendment No. 1, the Agreement is hereby ratified, adopted, approved
and confirmed.

[Remainder of Page Intentionally Blank]

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     IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be duly executed as of
the day and year first above written.

	 	 	 	 	 
	 	CENUCO, INC.

 	 
	 	By:  	/s/ Steven Bettinger
 	 
	 	 	Name:  Steven Bettinger 	 
	 	 	Title:  President and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	HERMES HOLDING COMPANY, INC.

 	 
	 	By:  	/s/ Steven Bettinger
 	 
	 	 	Name:  Steven Bettinger 	 
	 	 	Title:  President 	 
	 

	 	 	 	 	 
	 	HERMES ACQUISITION COMPANY I LLC

 	 
	 	By:  	/s/ Joseph A. Falsetti
 	 
	 	 	Name:  Joseph A. Falsetti 	 
	 	 	Title:  Manager 	 
	 

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