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ex10_2.htm

Exhibit 10.2

 

EXECUTION VERSION

 

Amendment No. 7 to Purchase and Contribution Agreement

 

AMENDMENT AGREEMENT (this “Amendment Agreement”) dated as of October 2, 2009 between Lexmark International, Inc. (the “Seller”) and Lexmark Receivables Corporation (the “Purchaser”).

 

Preliminary Statements.

 

(1)   The Seller and Purchaser are parties to a Purchase and Contribution Agreement dated as of October 22, 2001 (as amended, restated, modified or supplemented from time to time, the “Agreement”; capitalized terms not otherwise defined herein shall
have the meanings attributed to them in the Agreement) pursuant to which, and subject to and upon the terms and conditions of which, the Seller has sold and contributed Receivables from time to time to the Purchaser.

 

(2)  The parties hereto desire to amend certain provisions of the Agreement as set forth herein.

 

NOW, THEREFORE, the parties agree as follows:

 

SECTION 1.  Amendment.  Upon the effectiveness of this Amendment Agreement, the Agreement is hereby amended by deleting Section 4.01(f) in its entirety and inserting in lieu thereof the following:

 

(f)  The balance sheets of the Seller and its subsidiaries as at December 31, 2008, and the related statements of income and retained earnings of the Seller and its subsidiaries for the fiscal year then ended, copies of which have been furnished to the Purchaser, and the balance sheets of the Seller and its subsidiaries as at
March 31, 2009, copies of which have been furnished to the Purchaser, in each case, fairly present the financial condition of the Seller and its subsidiaries as at such date and the results of the operations of the Seller and its subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied, and since March 31, 2009 there has been no material adverse change in the business, operations, property or financial or other condition of the Seller.

 

SECTION 2.  Effectiveness.  This Amendment Agreement shall become effective at such time that executed counterparts of this Amendment Agreement have been delivered by each party hereto to the other party hereto and the Amendment dated as of the date hereof
to the Sale Agreement shall have become effective.

 

SECTION 3.  Representations and Warranties.  The Seller makes each of the representations and warranties contained in Section 4.01 of the Agreement (after giving effect to this Amendment Agreement).

 

SECTION 4.  Confirmation of Agreement.  Each reference in the Agreement  to “this Agreement” or “the Agreement” shall mean the Agreement as amended by this Amendment Agreement, and as hereafter amended or restated.  Except
as herein expressly amended, the Agreement is ratified and confirmed in all respects and shall remain in full force and effect in accordance with its terms.

 

 

 

 

SECTION 5.   GOVERNING LAW.  THIS AMENDMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO
THE CONFLICT OF LAWS PRINCIPLES THEREOF).

 

SECTION 6.  Execution in Counterparts.  This Amendment Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken
together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment Agreement by facsimile or by electronic mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Amendment Agreement.

 

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IN WITNESS WHEREOF, the parties have caused this Amendment Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

LEXMARK INTERNATIONAL, INC.

 

By:    /s/ Bruce J. Frost                                                                           

Title: Treasurer

 

LEXMARK RECEIVABLES CORPORATION

 

By:    /s/ Bruce J. Frost                                                                           

Title: Treasurer

 

Pursuant to Section 5.01(m) of the Sale Agreement

(as such term is defined in the Purchase and Contribution

Agreement, as amended hereby), the undersigned consents

to the foregoing Amendment No. 7 dated as of October 2, 2009

to the Purchase and Contribution Agreement:

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

  NEW YORK BRANCH,

as the Program Agent

 

By: /s/ Aditya Reddy                                                                      

Name: Aditya Reddy

Title: Vice President & Manager

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

  NEW YORK BRANCH,

as an Investor Agent

 

By: /s/ Kennth K. Egusa                                                                      

Name: Kenneth K. Egusa

Title: Authorized SignatoryQuickLinks
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  Exhibit 10.1    
    

EXECUTION COPY  

  
 

      AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER    
    

        THIS AMENDMENT NO. 2 TO THE AGREEMENT AND PLAN OF MERGER (this "Amendment"), dated as
of October 2, 2009, is made by and among LIBERTY MEDIA CORPORATION, a Delaware corporation ("Liberty"), LIBERTY ENTERTAINMENT, INC., a
Delaware corporation and an indirect, wholly-owned Subsidiary of Liberty ("Splitco"), THE DIRECTV GROUP, INC., a Delaware corporation
("DIRECTV"), DIRECTV, a Delaware corporation and a direct, wholly-owned Subsidiary of DIRECTV
("Holdings"), DTVG ONE, INC., a Delaware corporation and a direct, wholly-owned Subsidiary of Holdings ("Merger Sub
One"), and DTVG TWO, INC., a Delaware corporation and a direct, wholly-owned Subsidiary of Holdings ("Merger Sub Two"). 

 
 

  RECITALS    
    

        Liberty, Splitco, DIRECTV, Holdings, Merger Sub One and Merger Sub Two entered into that certain Agreement and Plan of Merger, dated as
of May 3, 2009 and that certain
Amendment No. 1 to the Agreement and Plan of Merger, dated as of July 29, 2009 (collectively, the "Merger Agreement"). 

        Liberty,
Splitco, DIRECTV, Holdings, Merger Sub One and Merger Sub Two now intend to amend certain provisions of the Merger Agreement as set forth herein. 

        Section 10.1
of the Merger Agreement requires that prior to the Merger Effective Time, the Merger Agreement may be amended by written agreement of each of the parties, by action
taken by their respective Boards of Directors. 

        NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of Liberty,
Splitco, DIRECTV, Holdings, Merger Sub One and Merger Sub Two hereby agrees as follows: 

         SECTION 1. Defined Terms.    Terms defined in the Merger Agreement are used in this Amendment with
the same meaning,
unless otherwise indicated. 

        SECTION 2. Amendments to Merger Agreement.    The Merger Agreement is hereby amended as follows:

        2.1   Exhibit A-1
to the Merger Agreement is hereby amended and restated in its entirety to read as provided in Exhibit A-1 hereof. 

        2.2   Exhibit A-2
to the Merger Agreement is hereby amended and restated in its entirety to read as provided in Exhibit A-2 hereof. 

        2.3   Section 1.6(d)
of the DIRECTV Disclosure Schedule is hereby amended and restated in its entirety to read as provided in Schedule 2.3 hereof. 

        2.4   Section 2.4
of the Liberty Disclosure Schedule is hereby amended and restated in its entirety to read as provided in Schedule 2.4 hereof. 

        2.5   Section 6.11(c)
of the Merger Agreement is hereby amended and restated in its entirety to read as follows: 

        "Liberty
and Splitco agree not to consummate the Split-Off until the first to occur of (i) all of the conditions precedent set forth in Article VII of this
Agreement, other than those conditions precedent set forth in Sections 7.1(b) and 7.2(j) and those conditions precedent that by their nature are to be satisfied at Closing, shall have been
satisfied or, to the extent permitted under the terms hereof, waived and the parties hereto shall have confirmed that the Closing will occur subject only to the satisfaction of those conditions
precedent set forth in Sections 7.1(b) and 7.2(j) 

 

and
those conditions precedent that by their nature are to be satisfied at Closing and (ii) the termination of this Agreement." 

        2.6   Section 7.1(c)
of the Merger Agreement is hereby amended and restated in its entirety to read as follows: 

        "The
DIRECTV Stockholder Approval shall have been obtained in accordance with applicable Law and the DIRECTV Charter Documents; provided,
that this condition precedent may not be waived by DIRECTV;" 

        2.7   Section 9.1(b)(i)
of the Merger Agreement is hereby amended and restated in its entirety to read as follows: 

        "if
the Transactions shall not have been consummated on or before the Walk-Away Date; provided,  however, that the right to terminate this Agreement under this
Section 9.1(b)(i) shall not be available to any party whose action or failure to
act has been the cause of or resulted in the failure of either of the Mergers to occur on or before the Walk-Away Date and such action or failure to act constitutes a breach of this
Agreement or any of the other Transaction Agreements;" 

        2.8   The
defined term "Walk-Away Date" in Section 10.10 of the Merger Agreement is hereby amended and restated in its entirety to read as follows: 

        ""Walk-Away Date" means December 29, 2009." 

         SECTION 3. Amendments to Reorganization Agreement.    The Reorganization Agreement is hereby
amended as follows: 

        3.1   Section 3.2(d)
of the Reorganization Agreement is hereby amended and restated in its entirety to read as follows: 

        "(i)    the
Registration Statement on Form S-4 (the "Registration Statement") of LEI relating to the
distribution of shares of LEI Stock in the Redemption shall be effective under the Securities Act and (ii) the registration of the LEI Stock under Section 12(b) of the Exchange Act shall
be effective;" 

        3.2   Section 3.2
of the Reorganization Agreement is hereby amended to add a new subsection 3.2(h) thereto: 

        "either
(i) all of the conditions precedent set forth in Article VII of the Merger Agreement, other than those conditions precedent set forth in Sections 7.1(b) and
7.2(j) of the Merger Agreement and those conditions precedent that by their nature are to be satisfied at Closing (as defined in the Merger Agreement), shall have been satisfied or, to the extent
permitted under the terms thereof, waived and the parties thereto shall have confirmed that the Closing (as defined in the Merger Agreement) will occur subject only to the satisfaction of those
conditions precedent set forth in Sections 7.1(b) and 7.2(j) of the Merger Agreement and those conditions that by their nature are to be satisfied at Closing (as defined in the Merger
Agreement) or (ii) the Merger Agreement shall have been terminated in accordance with Article IX of the Merger Agreement;" 

        3.3   Section 3.2
of the Reorganization Agreement is hereby amended to add a new paragraph after Section 3.2(h) thereto: 

        "Notwithstanding
anything to the contrary contained herein, the conditions set forth in Sections 3.2(d)(ii) and 3.2(e) shall only apply in the event of the termination of the
Merger Agreement." 

        3.4   Schedule 3.3
to the Reorganization Agreement is hereby amended and restated in its entirety to read as provided in Schedule 3.2 attached hereto. 

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        3.5   Exhibit A
to the Reorganization Agreement is hereby amended and restated in its entirety to read as provided in Exhibit I hereto. 

        3.6   A
true, correct and complete copy of the Reorganization Agreement incorporating the above-referenced changes is attached hereto as Exhibit B. 

         SECTION 4. Amendments to Services Agreement.    The Services Agreement is hereby amended as
follows: 

        4.1   Section 1.2
of the Services Agreement is hereby amended to add a new subsection after Section 1.2(b) thereto: 

        "(c)    The
Services will also include, until December 31, 2009, for employees of the RSN Subsidiaries, as defined in the Merger Agreement (the
"Covered Employees"), the continued coverage under or enrollment in, each of Liberty Media LLC's employee welfare benefit plans listed on
Schedule 1.2(c) hereof (the "Covered Plans") to the same extent as similarly situated United States employees of Liberty Media LLC. In
addition, the Provider will provide, or cause to be provided, all employee benefit administration for the Covered Plans and also will provide administration services limited to determinations of
eligibility for (but shall not pay for any coverage under) the Liberty Sports Group Short Term Disability Plan through December 31, 2009." 

        4.2   Section 2.2
of the Services Agreement is hereby amended and restated in its entirety to read as follows: 

        "In
addition to the Allocated Employee Expenses payable pursuant to Section 2.1, the Corporation also will reimburse the Provider for all reasonable, direct
out-of-pocket costs (with no markup) incurred by the Provider, hereof, unless such costs are paid directly by the Corporation, for postage and
out-of-town courier service charges, for any applicable software license fees attributable to desktop or laptop computers utilized by employees of the Corporation, and for
expenses incurred by the Provider Employees related to Services performed on behalf of the Corporation, and including travel and meals and entertainment related to such Services, and for any other
miscellaneous expenses that may be incurred by the Provider on behalf of the Corporation. Notwithstanding the preceding provisions of this Section 2.2, for the Services provided
by the Provider under Section 1.2(c), the Corporation will pay the Provider an amount equal to $948.34 per month (pro rated for any period of less than one month on a daily basis based on the
actual number of days in such month) for each Covered Employee, determined as of the first day of each calendar month, for each month or partial month from the Effective Date through
December 31, 2009." 

        4.3   Article II
of the Services Agreement is hereby amended to add a new section after Section 2.3 thereto: 

        "Section 2.4.    Survival    The terms and conditions of this Article II will survive the expiration or
termination of this Agreement." 

        4.4   Section 3.3
of the Services Agreement is hereby amended by deleting the portion of the first sentence before the colon thereof and replacing it in its entirety to
read as follows: 

        "This
Agreement will terminate automatically upon consummation of the Mergers; provided, however, that if the Mergers are consummated prior to December 31, 2009 this Agreement
will continue in full force and effect solely with respect to the Services to be provided pursuant to Section 1.2(c) hereof. This Agreement also may be terminated in the following events:" 

        4.5   A
true, correct and complete copy of the Services Agreement incorporating the above-referenced changes is attached hereto as Exhibit I. 

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         SECTION 5. Transaction Agreement.    The parties agree that for all purposes of the Merger
Agreement, this Amendment will
be deemed to be a Transaction Agreement. 

         SECTION 6. Effect on Merger Agreement.    Other than as specifically set forth herein, all other
terms and provisions of
the Merger Agreement shall remain unaffected by the terms of this Amendment, and shall continue in full force and effect. 

         SECTION 7. Severability.    If any term or other provision of this Amendment is determined by a
court of competent
jurisdiction to be invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other terms, provisions and conditions of this Amendment shall nevertheless remain in full
force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Amendment
so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby
are fulfilled to the extent possible. 

         SECTION 8. Captions.    The captions herein are included for convenience of reference only and will
be ignored in the
construction or interpretation hereof. 

         SECTION 9. Counterparts.    This Amendment may be executed in counterparts (each of which shall be
deemed to be an
original but all of which taken together shall constitute one and the same agreement) and shall become effective when one or more counterparts have been signed by each of the parties and delivered to
the other parties. 

         SECTION 10. Successors and Assigns.    This Amendment shall be binding upon, inure to the benefit
of, and be enforceable
by, the parties hereto and their respective successors and permitted assigns as provided in the Merger Agreement. 

        SECTION 11. Governing Law; Jurisdiction; Waiver of Jury Trial. 

        (a)   THIS
AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW
THEREOF. Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Amendment will be brought exclusively in the Court of
Chancery of the State of Delaware (the "Delaware Chancery Court"), or, if the Delaware Chancery Court does not have subject matter jurisdiction, in the
federal courts located in the State of Delaware. Each of the parties hereby consents to personal jurisdiction in any such action, suit or proceeding brought in any such court (and of the appropriate
appellate courts therefrom) and irrevocably waives, to the fullest extent permitted by Law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be
served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as
provided in Section 10.8 of the Merger Agreement shall be deemed effective service of process on such party. 

        (b)   EACH
PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AMENDMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND,
THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY ACTION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR RELATING TO THIS AMENDMENT. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR 

4

 

ATTORNEY
OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF SUCH ACTION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH
PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 11(b). 

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        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first above written. 

				
	 	 LIBERTY MEDIA CORPORATION
	
 	
 By:	
 	
/s/ CHARLES Y. TANABE

  Name: Charles Y. Tanabe

Title: Executive Vice President
	
 	
 LIBERTY ENTERTAINMENT, INC.
	
 	
 By:	
 	
/s/ CHARLES Y. TANABE

  Name: Charles Y. Tanabe

Title: Executive Vice President
	
 	
 DIRECTV
	
 	
 By:	
 	
/s/ LARRY D. HUNTER

  Name: Larry D. Hunter

Title: Chief Executive Officer
	
 	
 DTVG ONE, INC.
	
 	
 By:	
 	
/s/ LARRY D. HUNTER

  Name: Larry D. Hunter

Title: Chief Executive Officer
	
 	
 DTVG TWO, INC.
	
 	
 By:	
 	
/s/ LARRY D. HUNTER

  Name: Larry D. Hunter

Title: Chief Executive Officer
	
 	
 THE DIRECTV GROUP, INC.
	
 	
 By:	
 	
/s/ LARRY D. HUNTER

  Name: Larry D. Hunter

Title: Chief Executive Officer

[Signature
Page to Amendment No. 2 to Agreement and Plan of Merger] 

QuickLinks

Exhibit 10.1

AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER

RECITALS

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