Document:

exv10w24w3

 

EXHIBIT 10.24.3

AMENDMENT

TO THE

KANSAS CITY SOUTHERN

EMPLOYEE STOCK OWNERSHIP PLAN

(As Amended and Restated Effective April 1, 2002)

     The Kansas City Southern Employee Stock Ownership Plan, as amended and restated effective
April 1, 2002, (the “Plan”), and as subsequently amended by three amendments thereto, is hereby
further amended as follows effective upon the execution of this amendment:

     1. The following paragraph is added to Section 2.01 (“Eligibility”) of the Plan immediately
following the first paragraph of Section 2.01:

     Notwithstanding the preceding paragraph of this Section 2.01, any Employee
(other than an Excluded Employee) who is classified by the Employer as either a
regular part-time employee, a temporary part-time employee, or a seasonal employee
shall become a Participant in the Plan on the Plan Entry Date (if employed on that
date) coincident with or immediately following the date such Employee has both
completed one Year of Service and attained age 18. If an Employee who is classified
by the Employer as either a part-time employee, a seasonal employee or a temporary
employee, is a Participant in the Plan on the date of the execution of this
amendment, but has not met the requirements for participation under the preceding
sentence, then such Employee shall cease to be a Participant on the day following
the date of execution of this amendment and shall thereafter become a Participant in
the Plan on the Plan Entry Date (if employed on that date) coincident with or
immediately following the date such Employee has both completed one Year of Service
and attained age 18.

     2. Section 2.02 (“Year of Service — Participation”) of the Plan is deleted and the following
Section 2.02 is substituted:

     2.02 Year of Service — Participation. An Employee who is classified
by the Employer as either a regular part-time employee, a temporary part-time
employee, or a seasonal employee will complete one Year of Service for purposes of
such Employee’s eligibility to participate in the Plan under Section 2.01 if the
Employee completes at least 1,000 Hours of Service during an eligibility computation
period. For purposes of this Section 2.02, an eligibility computation period means
the 12-consecutive-month period commencing with such Employee’s Employment
Commencement Date. Subsequent eligibility computation periods will be each Plan
Year commencing with the Plan Year in which occurs the first anniversary of such
Employee’s Employment Commencement Date. The Plan does not require an Employee who
terminates employment to establish a new Employment Commencement Date if re-employed
by the Employer.

 

 

     3. Section 6.03(B) (“Participant Elections Prior to Termination of Employment”)
of the Plan is deleted and the following Section 6.03(B) is substituted:

     6.03(B) Participant Elections Prior to Termination of Employment.
During employment with an Employer, the Participant does not have any right to
commence distribution of the Participant’s Nonforfeitable Accrued Benefit for any
reason, unless required by Section 6.01(B) or except as provided in the following
sentences. A Participant who is 100% vested in the Participant’s Account may
withdraw all or any part of the Participant’s Account if the Participant is
disabled. For purposes of this paragraph, a Participant is disabled if the
Participant is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which can be expected to result
in death or to be of long-continued and indefinite duration.

     IN WITNESS WHEREOF, Kansas City Southern has executed this Amendment this 29th day of October,
2007.

	 	 	 	 	 	 	 
	 

	 	KANSAS
	 	CITY SOUTHERN	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael R. Haverty	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Michael R. Haverty, Chairman & CEO
	 	 

- 2 -exv10w49w1

 

EXHIBIT 10.49.1

EXECUTION VERSION

AMENDMENT No. 1 and WAIVER No. 1

to

CREDIT AGREEMENT

dated as of December 19, 2007

among

KANSAS
CITY SOUTHERN DE MÉXICO, S.A. DE C.V.,

as Borrower,

ARRENDADORA KCSM, S. DE R.L. DE C.V.,

as Guarantor,

CERTAIN LENDERS,

and

BANK OF AMERICA, N.A.,

as Administrative Agent

 

 

     THIS AMENDMENT No. 1 AND WAIVER NO. 1 TO CREDIT AGREEMENT, dated as of December 19, 2007 (this
“Amendment”), is entered into among KANSAS CITY
SOUTHERN DE MÉXICO, S.A. DE C.V., a corporation
with variable capital (sociedad anónima de capital variable) organized under the laws of Mexico
(the “Borrower”), ARRENDADORA KCSM, S. DE R.L. DE C.V., a corporation with variable capital
(sociedad de responsabilidad limitada de capital variable) organized under the laws of Mexico (the
“Guarantor”), each of the lenders that is a signatory hereto under the caption “LENDERS” on the
signature pages hereto and each other Person that becomes a “Lender” after the date hereof pursuant
to Section 11.8(b) of the Credit Agreement, and BANK OF AMERICA, N.A., as the administrative agent
for the Lenders (in such capacity, together with its successors in such capacity, the
“Administrative Agent”).

RECITALS

     WHEREAS, the Borrower, the Guarantor, the Lenders and the Administrative Agent have entered
into the Credit Agreement, dated as of June 14, 2007 (the “Credit Agreement”);

     WHEREAS, the parties hereto desire to amend the Credit Agreement as set forth below, in
accordance with Section 11.3 of the Credit Agreement, subject to the conditions set forth herein;
and

     WHEREAS, the parties hereto desire to waive certain obligations of the Borrower under the
Credit Agreement, subject to the conditions set forth herein,

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

     SECTION 1. Certain Defined Terms. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Credit Agreement.

     SECTION 2. Amendments. (a) Section 1.1 of the Credit Agreement is amended by replacing
the current definition of “Capital Expenditures” with the following definition:

“‘Capital Expenditures’ shall mean, with respect to any Person, for any period, the sum of,
without duplication, (a) all expenditures made by such Person during such period for
equipment, fixed assets, real property or improvements, or for replacements or substitutions
therefor or additions thereto, that have been or should be, in accordance with GAAP,
reflected as additions to property, plant or equipment in the consolidated statements of
cash flows of such Person for such period plus (b) the aggregate amount of all Capitalized
Lease Obligations assumed or incurred by such Person during such period minus (c) the
aggregate amount of Indebtedness incurred during such period to finance the acquisition of
New Equipment (excluding any Indebtedness incurred during such period to refinance such New
Equipment, other than Tranche A Indebtedness incurred to acquire such New Equipment).”

Amendment No. 1 and Waiver No. 1

to Credit Agreement

2

 

     (b) Section 7.8(d) of the Credit Agreement is amended by replacing the reference to “90
days” in the third line thereof with a reference to “120 days.”

     (c) Section 7.9(i) of the Credit Agreement is amended by deleting the first existing proviso
in its entirety and substituting the following therefor:

“provided that the amount of any such Indebtedness incurred in any calendar year shall not
exceed the amount set forth below opposite such calendar year:

	 	 	 	 	 
	2007
	 	US$	95,000,000	 
	2008
	 	US$	140,000,000	 
	2009
	 	US$	25,000,000	 
	2010
	 	US$	20,000,000	 
	2011
	 	US$	20,000,000”	 

     SECTION 3. Waiver. (a) The Majority Lenders hereby waive any Default or Event of
Default to the extent, and only to the extent, of the Borrower’s noncompliance with clause (b) of
Section 7.1 of the Credit Agreement as of the end of the fiscal quarter ending on December 31,
2007.

     (b) Each of the Borrower and the Guarantor hereby agrees that the waiver specifically
described in clause (a) above shall not constitute and shall not be deemed a waiver of any
other Default or Event of Default, whether arising as a result of further violations of Section
7.1(b) of the Credit Agreement or otherwise, or a waiver of any rights or remedies arising as a
result of such other Defaults or Events of Default. The failure of Borrower to comply with Section
7.1(b) of the Credit Agreement for any date, or any period ending on any date, other than as
described above shall constitute an Event of Default.

     SECTION 4. Representations and Warranties. Each of the Borrower and each Guarantor
represents and warrants to the Administrative Agent and the Lenders that:

     (a) The representations and warranties made in the Credit Agreement are (or after giving
effect hereto will be) true and correct as if made on the date hereof (other than any such
representation or warranty which, by its term, speaks as of a particular date), except that the
representation made in Section 5.1(b) is hereby modified to reflect the transformation of
Arrendadora from a sociedad anonima de capital variable, or S.A. de C.V., to a sociedad de
responsabilidad limitada de capital variable (limited liability corporation), or S. de R.L. de
C.V., effective as of December 7, 2007, in accordance with and as permitted by Section 5.1 of the
Credit Agreement.

     (b) The execution and delivery by each of the Borrower and the Guarantor of this Amendment and
the performance by it of its obligations hereunder: (i) are within its corporate

Amendment No. 1 and Waiver No. 1

to Credit Agreement

3

 

powers, (ii) have been duly authorized by all necessary corporate action and (iii) do not and
will not contravene or conflict with any provision of: (A) its organizational documents, (B) any
Applicable Law, decree, judgment, award, injunction or similar legal restriction in effect, except
to the extent that any contravention thereof is not reasonably likely to have a Material Adverse
Effect or (C) any document or other contractual restriction binding upon or affecting it or any of
its Properties, except to the extent that any contravention thereof is not reasonably likely to
have a Material Adverse Effect.

     SECTION 5. Effect of Amendment. All provisions of the Credit Agreement, except as
expressly amended and modified by this Amendment, shall remain in full force and effect. After
this Amendment becomes effective, all references in any Loan Document (or any other document)
referring to the Credit Agreement shall be deemed to be references to the Credit Agreement as
amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive,
amend or supplement any provision of the Credit Agreement other than as expressly set forth herein.

     SECTION 6. Effectiveness of Amendment. This Amendment shall become effective on the
date when the Administrative Agent shall have received counterparts of this Amendment duly executed
and delivered by each of the Borrower, the Guarantor, the Administrative Agent and the Majority
Lenders and the following documents, each in form and substance satisfactory to the Administrative
Agent:

	 	(a)	 	certified copies of the Organizational Documents of each of the Borrower and
the Guarantor, as certified by an authorized officer of each of the Borrower and the
Guarantor, as applicable, and
	 
	 	(b)	 	documents (including appropriate resolutions of its shareholders or the Board
of Directors or similar body) evidencing due authorization of the execution, delivery
and performance by it of this Amendment by the Borrower and the Guarantor, or a
certification from an authorized officer of the Borrower and the Guarantor if such
documents are not required by Applicable Law.

     SECTION 7. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF
NEW YORK (NOT INCLUDING SUCH STATE’S CONFLICT OF LAWS PROVISIONS OTHER THAN SECTION 5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW).

     SECTION 8. Counterparts. This Amendment may be executed on any number of separate
counterparts (including by fax or electronic delivery), and all of such counterparts taken together
shall be deemed to constitute one and the same instrument.

     SECTION 9. Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this Amendment (or the
Credit Agreement).

Amendment No. 1 and Waiver No. 1

to Credit Agreement

4

 

     SECTION 10. Loan Document. The parties hereto hereby acknowledge and agree that this
Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other
Loan Documents.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

Amendment No. 1 and Waiver No. 1

to Credit Agreement

5

 

     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and
year first above written.

	 	 	 	 	 	 	 
	 	 	KANSAS CITY SOUTHERN DE
MÉXICO, S.A. DE C.V.,	 	 
	 	 	as the Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Patrick J. Ottensmeyer	 	 
	 

	 	 	 	Title: Attorney-in-Fact
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Paul J. Weyandt	 	 
	 

	 	 	 	Title: Attorney-in-Fact	 	 
	 
	 	 	 	 	 	 
	 	 	ARRENDADORA KCSM, S. DE R.L. DE C.V.,	 	 
	 	 	    as the Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Patrick J. Ottensmeyer	 	 
	 

	 	 	 	Title: Attorney-in-Fact	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Paul J. Weyandt	 	 
	 

	 	 	 	Title: Attorney-in-Fact	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-1

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,	 	 
	 	 	    as the Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-2

 

	 	 	 	 	 	 	 
	 	 	LENDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	BBVA BANCOMER, S.A., INSTITUCIÓN DE
BANCA MÚLTIPLE, GRUPO FINANCIERO BBVA BANCOMER, GRAND
CAYMAN BRANCH	 	   
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-3

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-4

 

	 	 	 	 	 	 	 
	 	 	EXPORT DEVELOPMENT CANADA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-5

 

	 	 	 	 	 	 	 
	 	 	KFW	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-6

 

	 	 	 	 	 	 	 
	 	 	BANK OF MONTREAL	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-7

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-8

 

	 	 	 	 	 	 	 
	 	 	COMERICA BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Amendment No. 1 and Waiver No. 1

to Credit Agreement

S-9

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