Document:

Exhibit 10.30

 

AMENDMENT TO

RESTRICTED STOCK UNIT AWARD GRANT NOTICE AND

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

This AMENDMENT TO RESTRICTED STOCK UNIT AWARD GRANT NOTICE AND RESTRICTED STOCK UNIT AWARD AGREEMENT  (this “Amendment”), dated as of January 24, 2013, is made by and between [NAME OF EMPLOYEE] (“Holder”) and DIGITAL GENERATION, INC., a Delaware corporation (the “Company”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement or the Plan (each as defined below).

 

WHEREAS, pursuant to that certain Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement dated as of [DATE OF AGREEMENT] (the “Agreement”), the Company granted to Holder [NUMBER OF RSUS] Restricted Stock Units (as defined in the Agreement) pursuant to the Company’s 2011 Incentive Award Plan (as amended from time to time, the “Plan”); and

 

WHEREAS, the Company and Holder desire to amend the Agreement on the terms and conditions set forth below.

 

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Company and Holder hereby amend the Agreement as follows:

 

1.                                      For purposes of the Vesting Schedule set forth in the Agreement, the term “Change in Control” shall have the meaning given to such term in the Plan as of the date hereof, and shall mean and include each of the following:

 

(a)                                 any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities;

 

(b)                                 the majority of the Board is composed of members who either (i) have served less than 12 months, and were not approved by a majority of the Board at the time of their election or appointment, and/or (ii) were nominated by the Board, or otherwise appointed or elected by or to the Board, pursuant to or in connection with an agreement or understanding to forestall or settle (or otherwise not pursue) a proxy contest or one or more stockholder proposals to amend (or otherwise relating to) the Company’s bylaws, certificate of incorporation or other documents or policies addressing the governance of the Company or rights of Company stockholders;

 

(c)                                  the merger or consolidation of the Company with or into another entity or the merger of another entity into the Company or any subsidiary thereof with the effect that immediately after such transaction the stockholders of the Company immediately prior to such transaction (or their affiliates) hold less than 50% of the total voting power of all securities generally entitled to vote in the election of directors, managers or trustees of the entity surviving such merger or consolidation;

 

 

(d)                                 a tender offer or exchange offer is made and consummated for the ownership of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding voting securities; or

 

(e)                                  the sale, lease or other transfer of all or substantially all of the assets of the Company to any person or group (as such term is used in Section 13(d)(3) of the Exchange Act).

 

For the avoidance of doubt, however, in no event shall the foregoing amendment to the definition of “Change in Control” affect the distribution provisions applicable to the Restricted Stock Units set forth in Section 1.1(c) of the Agreement in a manner that would cause the Restricted Stock Units to fail to comply with Section 409A of the Code.

 

2.                                      This Amendment shall be and is hereby incorporated in and forms a part of the Agreement.  All other terms and provisions of the Agreement shall remain unchanged except as specifically modified herein.  The Agreement, as amended by this Amendment, is hereby ratified and confirmed.

 

[Signature Page Follows]

 

2

 

IN WITNESS WHEREOF, the Company and Executive have executed and delivered this Amendment on the date(s) set forth below.

	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
DIGITAL   GENERATION, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Date:
    	
,   2013
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HOLDER
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Date:
    	
,   2013
    	
 
    
	
 
    	
 
    	
[NAME   OF EMPLOYEE]
    

 

3

 

Schedule to Exhibit 10.30:  In accordance with Instruction 2 to Item 601 of Regulation S-K, the Company has filed only the form of Amendment to Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement as the agreements are substantially identical in all material respects, except as to the parties thereto, the date of the underlying agreement being amended and the number of restricted stock units subject thereto.  The Company agrees to furnish the agreements at the request of the SEC.  The form of Amendment to Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement was entered into January 24, 2013 with the following officers, with their respective titles listed below:

 

	
Name
    	
 
    	
Title
    	
 
    	
Date of Agreement
   Being Amended
    	
 
    	
Number of RSUs
   Subject to
   Agreement Being
   Amended
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Scott K. Ginsburg
    	
 
    	
Executive   Chairman
    	
 
    	
March 29,   2012
    	
 
    	
304,326
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Neil H. Nguyen
    	
 
    	
President   and Chief Executive Officer
    	
 
    	
March 29,   2012
    	
 
    	
212,321
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Andy Ellenthal
    	
 
    	
Executive   Vice President
    	
 
    	
June   11, 2012
    	
 
    	
100,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Sean N. Markowitz
    	
 
    	
General   Counsel and Corporate Secretary
    	
 
    	
September 12,   2012
    	
 
    	
17,500
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Craig A. Holmes
    	
 
    	
Chief   Financial Officer
    	
 
    	
November 21,   2012
    	
 
    	
30,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Craig A. Holmes
    	
 
    	
Chief   Financial Officer
    	
 
    	
November 21,   2012
    	
 
    	
30,000
    	
 
    

 

4Exhibit 4.3

 

Execution Version

 

SUPPLEMENTAL  INDENTURE

 

Supplemental Indenture (this “Supplemental  Indenture”), dated as of January 15, 2013, among LIN Mobile, LLC, a Delaware limited liability company (a “Guaranteeing  Subsidiary”), which is a direct, wholly-owned subsidiary of LIN Television Corporation (or its permitted successor), a Delaware corporation (the “Company”), the Company and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of April 12, 2010, providing for the issuance of an aggregate principal amount of up to $200 million of 8.375% Senior Notes due 2018 (the “Notes”);

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture, pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary  Guarantee”); and

 

WHEREAS, pursuant to Sections 4.13, 9.01 and 10.06 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to jointly and severally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, the Notes or the obligations of the Company hereunder or thereunder, on a senior basis pursuant to, and in accordance with, the terms and conditions of Article Ten of the Indenture and to otherwise assume the obligations and rights as a Guarantor under the Indenture.

 

3. Releases. Upon receipt by the Trustee of a request by the Company for a release of the Guaranteeing Subsidiary of its obligations under Article Ten of the Indenture, which request shall be accompanied by an Officers’ Certificate certifying as to compliance with Section 10.03 of the Indenture, and, if reasonably requested by the Trustee, upon receipt of an Opinion of Counsel that the provisions of Section 10.3 of the Indenture have been complied with, the Trustee shall deliver an appropriate instrument evidencing such release.

 

4. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or the Guaranteeing Subsidiary under the Notes, any Subsidiary Guarantees, the Indenture or this Supplemental Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such 

 

 

liability. The waiver and release are part of the consideration for issuance of the Notes.

 

5. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

6. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

 

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

 

8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company.

 

[Remainder of Page Intentionally Left Blank]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first written above.

 

 

	
 
    	
LIN MOBILE, LLC  
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
LIN TELEVISION CORPORATION  
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
THE BANK OF NEW YORK MELLON
   TRUST COMPANY, N.A.  
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Supplemental Indenture — 2010 Notes]

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