Document:

exv10w2

 

Exhibit 10.2

Execution Copy

Amendment to Partnership Interest Purchase Agreement

and Removal of Conditions Precedent

This Amending Agreement is dated January 23, 2006,

Between:

Lions Gate Entertainment Corp., a company amalgamated under
the laws of British Columbia and Lions Gate Films Corp., a
company amalgamated under the laws of Canada

(together, the “Vendor”)

And:

Bosa Development Corporation, a company incorporated under
the laws of British Columbia and 0742102 B.C. Ltd., a
company incorporated under the laws of British Columbia

(together, the “Purchaser”)

Whereas:

	 	 	 
	A.

	 	The Vendor and the Purchaser entered into a Partnership Interest Purchase Agreement made as
of the 22nd day of December, 2005, as amended by the Letter Agreement between Keith
Burrell and Bill Skelly dated January 20, 2006 (together, the “Purchase Agreement”) concerning
the Partnership Interest and the Shares; and
	 
	 	 
	B.

	 	The parties have agreed to amend the Purchase Agreement in accordance with the terms of this
Amending Agreement.

This Amending Agreement Witnesses that in consideration of $1.00 now paid by each party to
each of the others and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged by each party, the parties agree as follows:

	 	 	 
	1.

	 	Defined Terms. All capitalized terms which are used in this Amending
Agreement will have the meanings ascribed to them in the Purchase Agreement unless otherwise
defined herein.
	 
	 	 
	2.

	 	Amendments. The parties agree that the Purchase Agreement is amended as
follows:

	 	(a)	 	the Closing Date will be March 15, 2006; and
	 
	 	(b)	 	the Purchase Price will be $41,600,000.

	 	 	 
	3.

	 	Fire Safety Violation. The Vendor covenants and agrees to rectify in all
material respects those violations listed in the January 12, 2006 letter from The Corporation
of the City of North Vancouver Fire Department, a copy of which is attached hereto as Schedule A,
prior to the Closing Date.

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Execution Copy

	 	 	 
	4.

	 	Discharge of Partnership Debt and Derivatives. Pursuant to subsection 5.1(aa)
of the Purchase Agreement, the Vendor represented and warranted that the Partnership would not
have any direct or indirect material Liabilities on or after the Closing Date. In order to
effect the foregoing, the Parties agree to follow the procedure set out in Schedule B attached
hereto.
	 
	 	 
	5.

	 	Conditions Satisfied. On the basis of the Parties entering into this Amending
Agreement, pursuant to section 4.1 of the Purchase Agreement the Purchaser hereby gives notice
to the Vendor that the Conditions Precedent are all satisfied and/or waived.
	 
	 	 
	6.

	 	Construction. The parties agree that this Amending Agreement will from the
date hereof, be read and construed along with the Purchase Agreement and be treated as part
thereof and for such purposes and so far as may be necessary to effectuate these presents, the
Purchase Agreement will be regarded as being hereby amended, and the Purchase Agreement as so
amended together with all terms and conditions thereof will remain in full force and effect
and time shall remain of the essence thereof.
	 
	 	 
	7.

	 	Conflict. In case of any conflict between the terms and conditions of the
Purchase Agreement and the terms or conditions of this Amending Agreement, the terms and
conditions of this Amending Agreement will prevail.
	 
	 	 
	8.

	 	Further Assurances. Each of the parties will at all times and from time to
time and upon reasonable request do, execute and deliver all further assurances, acts and
documents for the purpose of evidencing and giving full force and effect to the covenants,
agreements and provisions in this Amending Agreement.
	 
	 	 
	9.

	 	Counterparts. This Amending Agreement may be executed in any number of
original counterparts, with the same effect as if all the parties had signed the same
document, and will become effective when one or more counterparts have been signed by all of
the parties and delivered to each of the other parties. All counterparts will be construed
together and evidence only one agreement, which, notwithstanding the dates of execution of any
counterparts, will be deemed to be dated the date first above written.

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Execution Copy

	 	 	 
	10.

	 	Telecopy. This Amending Agreement may be executed by the parties and
transmitted by telecopy and if so executed and transmitted this Amending Agreement will be for
all purposes as effective as if the parties had executed and delivered an original Amending
Agreement.

In witness whereof the parties hereto have executed this Amending Agreement as of the date
first above written.

	 	 	 	 	 	 	 	 	 
	Lions Gate Entertainment Corp.	 	 	 	Lions Gate Films Corp.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Wayne Levin
	 	 	 	By:
	 	/s/ Wayne Levin
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Wayne Levin

Title: Secretary
	 	 	 	 	 	Name: Wayne Levin

Title: General Counsel
	 
	 	 	 	 	 	 	 	 
	Bosa Development Corporation	 	 	 	0742102 B.C. Ltd.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Dorinda Birch
	 	 	 	By:
	 	/s/ Dorinda Birch
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Dorinda Birch

Title: Secretary
	 	 	 	 	 	Name: Dorinda Birch

Title: Secretary

3exv10w3

 

Exhibit 10.3

[FORM OF LOCK-UP AGREEMENT]

                    , 2005

BB&T Capital Markets, a Division of Scott & Stringfellow, Inc.

                    As representative of the several Underwriters

909 East Main Street, 7th Floor

Richmond, VA 23218-1575

			
	Re:	 	Global Logistics Acquisition Corporation Initial Public
Offering —

Lock-up Letter Agreement

Dear Ladies and Gentlemen:

     This letter is being delivered to you in accordance with the Underwriting Agreement (the
“Underwriting Agreement”) entered into by and between Global Logistics Acquisition Corporation, a
Delaware corporation (the “Company”), and BB&T Capital Markets, a Division of Scott & Stringfellow,
Inc., as Representative (the “Representative”) of the several Underwriters named in Schedule I
thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) of
the Company’s units (the “Units”), each comprised of one share of the Company’s common stock, par
value $0.0001 per share (the “Common Stock”), and one warrant exercisable for one share of Common
Stock (each, a “Warrant”). The capitalized terms set forth on Schedule 1 attached hereto are
hereby incorporated by reference herein.

     In order to induce the Company and the Underwriters to enter into the Underwriting Agreement
and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the
undersigned as a stockholder of the Company, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the
Representative that the undersigned will not publicly announce any intention to, will not authorize
any affiliate or subsidiary, if applicable, to, and will not, without the prior written consent of
the Representative on behalf of the Underwriters, directly or indirectly, (i) offer, pledge, or
sell, by contract, option, right or otherwise, any Insider Securities beneficially owned by the
undersigned (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended) or lend, grant or otherwise transfer or dispose of any such Insider Securities, or (ii)
enter into any swap or other agreement that transfers, in whole or in part, any of the economic
characteristics of ownership of such Insider Securities (whether any such transaction described in
clause (i) or (ii) above is to be settled by delivery of such Insider Securities, in cash or
otherwise), with respect to the Insider Shares, during the Insider Share Lock-Up Period, and, with
respect to the Insider Warrants and the Insider Warrant Shares, during the Insider Warrant Lock-up
Period.

     Notwithstanding the foregoing, the undersigned may (i) transfer Insider Securities either
during such person’s lifetime or, on death, by bona fide gifts, will or intestacy to members of the
undersigned’s Immediate Family or to trusts exclusively for the benefit of members of the

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undersigned’s Immediate Family, (ii) transfer Insider Securities pursuant to a qualified domestic
relations order, or (iii) transfer record ownership of the Insider Securities whereby there is no
change in beneficial ownership; provided, however, that, prior to any such transfer, such
transferee executes an agreement, satisfactory to the Representative, pursuant to which such
transferee agrees to receive and hold such Insider Securities subject to the provisions hereof.

     The undersigned agrees that during the Insider Share Lock-up Period, the certificates
representing such Insider Shares owned by the undersigned shall bear the legends set forth
Exhibit A attached hereto.

     The undersigned agrees that during the Insider Warrant Lock-up Period, the certificates
representing such Insider Warrants and Insider Warrant Shares owned by the undersigned shall bear
the legends set forth Exhibit B attached hereto.

     The undersigned acknowledges and understands that the Underwriters and the Company will rely
upon the agreements set forth herein in proceeding with the IPO. The undersigned agrees and
consents to the entry of stop transfer instructions with the Company’s transfer agent against the
transfer of Insider Securities except in compliance with the terms and conditions of this letter
agreement.

     This letter agreement shall be binding on the undersigned and such person’s respective
successors, heirs, personal representatives and assigns. This letter agreement shall terminate,
with respect to the Insider Shares, on the Insider Share Lock-Up Period Termination Date, and, with
respect to the Insider Warrants and Insider Warrant Shares, on the Insider Warrant Lock-Up Period
Termination Date.

     This letter agreement shall be governed by and interpreted and construed in accordance with
the laws of the State of New York applicable to contracts formed and to be performed entirely
within the State of New York, without regard to the conflicts of law provisions thereof to the
extent such principles or rules would require or permit the application of the laws of another
jurisdiction.

     No term or provision of this letter agreement may be amended, changed, waived, altered or
modified except by written instrument executed and delivered by the party against whom such
amendment, change, waiver, alteration or modification is to be enforced.

[The Remainder of this Page is Intentionally Left Blank]

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	 	Sincerely,
	 
	 	 
	 

	 	 

	 
	 	 
	 

	 	 

	 

	 	(print name)

Accepted and agreed:

BB&T CAPITAL MARKETS, a Division of Scott & Stringfellow, Inc.

	 	 	 	 	 
	By:

	 	 	 	 
	 

	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 

[Lock-up Agreement]

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Schedule 1

SUPPLEMENTAL COMMON DEFINITIONS

     Unless the context shall otherwise require, the following terms shall have the following
respective meanings for all purposes, and the following definitions are equally applicable to both
the singular and the plural forms and the feminine, masculine and neuter forms of the terms
defined.

     “Business Combination” shall mean the acquisition by the Company, whether by merger, capital
stock exchange, asset acquisition or other similar type of combination, of one or more operating
businesses in the transportation and logistics sector and related industries, having, collectively,
a fair market value (as calculated in accordance with the Company’s Amended and Restated
Certificate of Incorporation) of at least 80% of the balance in the Trust Fund (excluding from such
balance any amount that is or will be due and payable as deferred underwriting discounts and
commissions pursuant to the terms and conditions of the Underwriting Agreement) at the time of such
acquisition.

     “Business
Combination Date” shall mean the date upon which a Business Combination is
consummated, as conclusively established by a majority of the Independent Directors of the Company
immediately following a Business Combination.

     “Effective Date” shall mean the date upon which the Registration Statement is declared
effective under the Securities Act of 1933, as amended, by the SEC.

     “Immediate Family” shall mean, with respect to any person, such person’s spouse, lineal
descendents, father, mother, brothers or sisters (including any such relatives by adoption or
marriage).

     “Independent Directors” shall mean the Company’s directors that qualify as “independent” under
NASD Rule 4200(a)(15), as amended.

     “Insiders” shall mean all of the officers, directors and stockholders of the Company
immediately prior to the Company’s IPO.

     “Insider Shares” shall mean all shares of Common Stock of the Company owned by an Insider
immediately prior to the Company’s IPO. For the avoidance of doubt, Insider Shares shall not
include any IPO Shares purchased by Insiders in connection with or subsequent to the Company’s IPO.

     “Insider Share Lock-Up Period” shall mean the period commencing on (inclusive of such date)
the Effective Date and ending on the earlier of (i) the date that is six months immediately
following the Business Combination Date, and (ii) the Termination Date.

     “Insider Share Lock-Up Period Termination Date” shall mean the close of business on the last
day of the Insider Share Lock-Up Period.

 

 

     “Insider Securities” shall mean the Insider Shares, Insider Warrants and Insider Warrant
Shares, collectively.

     “Insider
Warrants” shall mean the 2,272,727 warrants, each exercisable for one share of the
Company’s Common Stock (at an exercise price of $6.00 per share), to be issued by the Company to
the Insiders in a private placement transaction concurrently with the closing of the Company’s IPO.

     “Insider Warrant Lock-Up Period” shall mean the period commencing on (inclusive of such date)
the Effective Date and ending on the earlier of (i) the Business Combination Date, and (ii) the
Termination Date.

     “Insider Warrant Lock-Up Period Termination Date” shall mean the close of business on the last
day of the Insider Warrant Lock-Up Period.

     “Insider Warrant Shares” shall mean the shares of Common Stock to be issued upon exercise of
the Insider Warrants.

     “IPO Shares” shall mean all shares of Common Stock issued by the Company in its IPO,
regardless of whether such shares were issued to an Insider or otherwise.

     “Prospectus” shall mean the final prospectus filed pursuant to Rule 424(b) under the
Securities Act of 1933, as amended, and included in the Registration Statement.

     “Registration Statement” shall mean the registration statement filed by the Company on Form
S-1 (No. 333-128591) with the SEC on September 26, 2005, and any amendment or supplement thereto,
in connection with the Company’s IPO.

     “SEC” shall mean the United States Securities and Exchange Commission.

     “Termination Date” shall mean the date that is sixty (60) calendar days immediately following
the Transaction Failure Date (inclusive thereof).

     “Transaction Failure” shall mean the earlier of (i) the failure to enter into a letter of
intent, definitive agreement or agreement in principle with respect to a Business Combination on
any day during the eighteenth-month period immediately following the Effective Date, and (ii) the
failure to consummate a Business Combination on any day during the twenty-four-month period
immediately following the Effective Date.

     “Transaction Failure Date” shall mean the date upon which a Transaction Failure occurs, as
conclusively established by a majority of the Independent Directors of the Company immediately
following a Transaction Failure.

 

 

     “Trust Fund” shall mean that certain trust account established with The Bank of New York and
in which the Company deposited the “offering proceeds to be held in trust”, as described in the
Prospectus.

 

 

Exhibit A

INSIDER SHARE LOCK-UP LEGENDS

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR UNDER THE PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE
SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO THE SECURITIES UNDER SAID ACT AND LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN AGREEMENT BY THE REGISTERED HOLDER
HEREOF NOT TO SELL SUCH SHARES UNTIL THE EARLIER OF 6 MONTHS AFTER THE DATE OF A BUSINESS
COMBINATION OR THE LIQUIDATION OF THE COMPANY.

 

 

Exhibit B

INSIDER WARRANT AND INSIDER WARRANT SHARE LOCK-UP LEGENDS

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR UNDER THE PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE
SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO THE SECURITIES UNDER SAID ACT AND LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN AGREEMENT BY THE REGISTERED HOLDER
HEREOF NOT TO SELL SUCH SECURITIES UNTIL THE EARLIER OF THE DATE OF A BUSINESS COMBINATION OR THE
LIQUIDATION OF THE COMPANY.

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