Document:

EX-10.2

 

JAG MEDIA HOLDINGS,
INC.

6865 S.W. 18th Street, Suite B13

Boca Raton, FL 33433

May 18, 2007

Cornell Capital Partners, LP

101 Hudson Street

Suite 3700

Jersey City, NJ 07302

	-and-	 	 

Cryptometrics, Inc.

73 Main Street

Tuckahoe, NY 10707

Re: Agreement dated as of
January 24, 2007 Among JAG Media Holdings, Inc.

        (“JAG
Media”), Cornell Capital Partners, L.P.
(“Cornell Capital”),

        Cryptometrics, Inc.,
Robert Barra and Michael Vitale, as amended (“Cornell

        Agreement”)

Gentlemen:

This will confirm our understanding regarding the following:

(1)    The automatic termination date of May 18, 2007, set forth in the last
sentence of paragraph 1 of the Cornell Agreement, is hereby changed to June 15,
2007.

(2)    Paragraph 10 of the Cornell Agreement is deleted in its entirety and is
replaced by a new paragraph 10, which shall read as follows:

		
	 	10.    Within thirty (30) days of the Effective Date, the Post-Merger
Company shall make all necessary filings with the U.S. Securities and
Exchange Commission (whether a new registration statement, or a post
effective amendment, or otherwise) to register for resale the shares of
common stock underlying the Debentures and the Warrants and have such
registration declared effective no later than sixty (60) days after
making the above-referenced filing.

(3)    Paragraph 7. E. of the Cornell Agreement is deleted in its entirety and is
replaced by a new paragraph 7. E., which shall read as follows:

 

E.     A new defined term entitled #Exercise Restriction Date# shall be added
to Section 1 (b) of the Warrants, each of which shall read as follows:

Warrant No. CCP-2

		
	 	     (xv) #Exercise Restriction Date# means September 30, 2007,
the first date upon which this Warrant may be exercised.

Warrant No CCP-3

		
	 	     (xv) #Exercise Restriction Date# means December 31, 2007,
the first date upon which this Warrant may be exercised.

Warrant No. CCP-4

		
	 	     (xv) #Exercise Restriction Date# means March 31, 2008, the
first date upon which this Warrant may be exercised.

Warrant No. CCP-5

		
	 	     (xv) #Exercise Restriction Date# means June 30, 2008, the
first date upon which this Warrant may be exercised.

All defined terms used in this agreement, which are not otherwise defined
herein shall have the meaning ascribed to them in the Cornell Agreement. Except
as otherwise set forth in this agreement, the Cornell Agreement shall remain
unchanged and in full force and effect.

If the foregoing accurately reflects your understanding of our agreement
regarding the above matter, please indicate your agreement and acceptance by
signing in the appropriate space below and returning a fully executed and dated
copy of this agreement to the undersigned.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

Sincerely
yours,

JAG Media Holdings, Inc.

By: /s/ THOMAS J.
MAZZARISI                    

Name: Thomas J. Mazzarisi

Title: Chairman & CEO

Date: May 17, 2007

	 	 
	AGREED AND ACCEPTED:

Cornell Capital Partners, LP	The undersigned parties are signing
this
agreement only with respect to
the obligations in Paragraph 5 of
the
Cornell Agreement
	 	 
	By: Yorkville Advisors, LLC	

	Its: General Partner	 
	 	/s/  ROBERT
BARRA                  
	 	               Robert Barra
	 	         Date: May 18, 2007
	By: /s/  GERALD EICKE                                

      Gerald Eicke, Managing Partner

      Date: May 18, 2007	 
	 	/s/ MICHAEL VITALE                         

               Michael Vitale

         Date: May 18, 2007
	Cryptometrics, Inc.	 
	 	 
	By: /s/ ROBERT
BARRA                              

      Name: Robert Barra

      Title: Co-CEO

      Date: May 18, 2007exv4w1

 

Exhibit 4.1

THE HOUSTON EXPLORATION COMPANY

AND

THE BANK OF NEW YORK,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of May 21, 2007

to

Indenture

Dated as of June 10, 2003

7% Senior Subordinated Notes due 2013

 

 

     THIS FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 21, 2007,
is by and between The Houston Exploration Company, a Delaware corporation (the “Company”), and The
Bank of New York, a New York banking corporation, as trustee (the “Trustee”).

     WHEREAS, the Trustee and the Company have heretofore executed and delivered that certain
Indenture dated as of June 10, 2003 (as amended, supplemented or otherwise modified from time to
time, the “Indenture”), providing for the issuance of the Company’s 7% Senior Subordinated Notes
due 2013 (the “Notes”);

     WHEREAS, on June 10, 2003, the Company issued $175,000,000 aggregate principal amount of
Restricted Notes (as defined in the Indenture), and it subsequently exchanged all of such Notes for
Unrestricted Notes pursuant to the Exchange Offer (as such terms are defined in the Indenture), all
of which Unrestricted Notes are currently outstanding;

     WHEREAS, Section 9.2 of the Indenture provides that, with the consent of Holders representing
a majority in principal amount of the Notes then outstanding, the Company, and the Trustee may
enter into an indenture supplemental to the Indenture for the purpose of amending or supplementing
the Indenture or the Notes (subject to certain exceptions);

     WHEREAS, the Company desires and has requested the Trustee to join with it in entering into
this Supplemental Indenture for the purpose of amending the Indenture and the Notes in certain
respects as permitted by Section 9.2 of the Indenture;

     WHEREAS, the Company has been soliciting consents to this Supplemental Indenture upon the
terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation
Statement dated May 2, 2007 (which statement, including any amendments, modifications or
supplements thereto, constitutes the “Tender Offer”);

     WHEREAS, there are no Subsidiary Guarantors;

     WHEREAS, pursuant to Section 9.2 of the Indenture, the Company has delivered a request to the
Trustee, accompanied by a resolution of its Board of Directors authorizing the execution of this
Supplemental Indenture, requesting the Trustee to join with the Company in the execution of this
Supplemental Indenture;

     WHEREAS, pursuant to Sections 9.2 and 9.6 of the Indenture, the Board of Directors has
authorized and approved this Supplemental Indenture; and

     WHEREAS, (1) the Company has received the consent of the Holders of a majority in principal
amount of the outstanding Notes to the substance of this Supplemental Indenture, evidence of which
that is satisfactory to the Trustee having been filed therewith, all as certified by an Officers’
Certificate delivered to the Trustee simultaneously with the execution and delivery of this
Supplemental Indenture, (2) the Company has delivered to the Trustee simultaneously with the
execution and delivery of this Supplemental Indenture an Officers’ Certificate and an Opinion of
Counsel relating to this Supplemental Indenture as contemplated by Sections 9.6 and 12.4 of the
Indenture and (3) the Company has satisfied all other conditions

Exhibit A

2

 

required under the Indenture to enable the Company and the Trustee to enter into this
Supplemental Indenture.

     NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the
benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as
follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Deletion of Definitions and Related References. Section 1.1 of Article 1
of the Indenture is hereby amended to delete in their entirety all terms and their respective
definitions for which all references are eliminated in the Indenture as a result of the amendments
set forth in Article II of this Supplemental Indenture.

ARTICLE II

AMENDMENTS TO INDENTURE AND NOTES

     Section 2.1 Amendments to Articles 3, 4, 5, 6 and 9.

          (a) The Indenture is hereby amended by deleting the following Sections or subsections of the
Indenture and all references thereto in their entirety:

Sections 4.4, 4.5(b), 4.5(c), 4.6, 4.7, 4.9 through 4.17;

Clauses (i), (iii), (iv) and (vi) of Section 5.1(a);

Section 5.1(b);

Section 6.1(c) through (f) and (i); and

Section 6.12.

          (b) Section 4.8 is revised to read: “Subject to Article 5, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect its corporate existence.”

          (c) Section 4.5(a) is revised to read: “The Company shall file with the Trustee and the
Commission, and transmit to Holders, such information, documents and other reports, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the
manner provided pursuant to such Act; provided, however, that any such information,
documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of
the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be
filed with the Commission.”

          (d) Section 9.1(b) is hereby amended by deleting the word “corporation” therein.

          (e) Notwithstanding the foregoing provisions of this Section 2.1, all provisions of the
Indenture required by the TIA shall remain in full force and effect, including without limitation
the obligations of the Company (1) under Section 314(a)(1) of the TIA to file with the Trustee
copies of its annual reports and of the information, documents and other reports that the Company
is required to file with the Commission pursuant to Section 13 or 15 of the

 

 

Exchange Act and (2) under Section 314(a)(4) of the TIA to furnish to the Trustee, not less
often than annually, a brief certificate from the principal executive officer, principal financial
officer or principal accounting officer as to his or her knowledge of the Company’s compliance with
all conditions and covenants under the Indenture, without regard to any period of grace or
requirement of notice provided under the Indenture.

     Section 2.2 Amendments to Notes. The Notes are hereby amended to delete all
provisions inconsistent with the amendments to the Indenture effected by this Supplemental
Indenture, including, without limitation, paragraph 8 and clauses (c), (d), (e), (f) and (i) of
paragraph 13 thereof.

ARTICLE III

MISCELLANEOUS PROVISIONS

     Section 3.1 Defined Terms. For all purposes of this Supplemental Indenture, except as
otherwise defined or unless the context otherwise requires, terms used in capitalized form in this
Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture.

     Section 3.2 Indenture. Except as amended hereby, the Indenture and the Notes are in
all respects ratified and confirmed and all the terms shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound hereby
and all terms and conditions of both shall be read together as though they constitute a single
instrument, except that in the case of conflict the provisions of this Supplemental Indenture shall
control.

     Section 3.3 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     Section 3.4 Successors. All agreements of the Company in this Supplemental Indenture
and the Notes shall bind its successors. All agreements of the Trustee in this Supplemental
Indenture shall bind its successors.

     Section 3.5 Duplicate Originals. All parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together shall
represent the same agreement. It is the express intent of the parties to be bound by the exchange
of signatures on this Supplemental Indenture via telecopy.

     Section 3.6 Severability. In case any one or more of the provisions in this
Supplemental Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the full extent
permitted by law.

     Section 3.7 Trustee Disclaimer. The Trustee accepts the amendments of the Indenture
effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as
hereby amended, but on the terms and conditions set forth in the Indenture, including the

 

 

terms and provisions defining and limiting the liabilities and responsibilities of the
Trustee, which terms and provisions shall in like manner define and limit its liabilities and
responsibilities in the performance of the trust created by the Indenture as hereby amended, and
without limiting the generality of the foregoing, the Trustee shall not be responsible in any
manner whatsoever for or with respect to any of the recitals or statements contained herein, all of
which recitals or statements are made solely by the Company, and the Trustee makes no
representation with respect to any such matters. Additionally, the Trustee makes no representations
as to the validity or sufficiency of this Supplemental Indenture.

     Section 3.8 Effectiveness. The provisions of this Supplemental Indenture shall be
effective only upon execution and delivery of this instrument by the parties hereto.
Notwithstanding the foregoing sentence, the provisions of this Supplemental Indenture shall become
operative only upon the acceptance for purchase by the Company of more than a majority in principal
amount of the outstanding Notes pursuant to the Tender Offer, with the result that the amendments
to the Indenture effected by this Supplemental Indenture shall never become operative if such
acceptance for purchase shall not occur. The Company shall notify the Trustee promptly after the
occurrence of such acceptance for purchase or promptly after the Company shall determine that such
acceptance for purchase will not occur.

     Section 3.9 Endorsement and Change of Form of Notes. Any Notes authenticated and
delivered after the close of business on the date that this Supplemental Indenture becomes
operative in substitution for Notes then outstanding and all Notes presented or delivered to the
Trustee on and after that date for such purpose shall be stamped, imprinted or otherwise legended
by the Company, with a notation as follows:

     “Effective as of May 21, 2007, certain restrictive covenants of the Company and certain Events of
Default have been eliminated or limited, as provided in the First Supplemental Indenture, dated as
of May 21, 2007. Reference is hereby made to said First Supplemental Indenture, copies of which are
on file with the Trustee, for a description of the amendments made therein.”

     Section 3.10 Effect of Headings. The Section headings herein are for convenience only
and shall not affect the construction thereof.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the day and year written above.

	 	 	 	 	 	 	 
	 	 	THE HOUSTON EXPLORATION
COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ ROBERT T. RAY
 

Robert T. Ray
	 	 
	 

	 	Title:
	 	Senior Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK,

as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ BRIAN ECHAUSSE
 

Brian Echausse
	 	 
	 

	 	Title:
	 	Trust Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}]]