Document:

Exhibit 10.2

SHARES PURCHASE AGREEMENT

 

THIS SHARES PURCHASE
AGREEMENT is made and entered into on August 23, 2016, by and between Preformed Line Products Company, an Ohio corporation (“Purchaser”),
and the Thomas F. Peterson Foundation (“Seller”).

 

RECITALS

 

A.           Purchaser’s
common shares, $2 par value, are traded on the NASDAQ National Market (the “NASDAQ”) under the symbol “PLPC”
and Purchaser is a reporting company under the Securities Exchange Act of 1934, as amended. As a result, financial and other material
business information about Purchaser is publicly available.

 

B.           Seller
is a charitable foundation established by a shareholder and director of Purchaser. The officers of the foundation are Barbara A.
Ruhlman, President; Randall M. Ruhlman, Vice President; Robert G. Ruhlman, Treasurer; and Bernard L. Karr, Secretary. The charitable
foundation is the owner of 1,474 common shares of Purchaser;

 

C.           Seller
approached Purchaser regarding Seller’s desire to sell all of Seller’s common shares to Purchaser (the “Shares”);

 

D.           In
response to Seller’s inquiry, Purchaser after due consideration, including the review and approval of the proposed transaction
by (i) the Company’s Audit Committee of the Board of Directors (appointed as a special committee to review the proposed transaction),
which is comprised solely of independent directors, and (ii) the Board of Directors, expressed a desire to purchase the Shares,
under the terms and conditions hereinafter set forth:

 

Accordingly, for good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows.

 

AGREEMENT

 

1.            Purchase
and Sale of Shares. Upon the execution and delivery of this Agreement, Seller shall sell, transfer, assign, bargain and convey
to Purchaser 1,474 common shares at a purchase price of $44.66 per share. Seller shall deliver the Shares via a DWAC
transfer to the Preformed Line Products account at Computershare. Purchaser shall pay Seller $65,828.84 (the “Purchase
Price”) for the Shares by the delivery of cash by wire transfer to Seller’s bank account or accounts. Seller has provided
Purchaser with written wire transfer instructions. The parties acknowledge and agree that the Purchase Price was negotiated in
good faith between the parties and that, in connection with such negotiations, references were made by the parties to Purchaser’s
historical trading prices on the NASDAQ.

 

2.            Representations
and Warranties of Purchaser. Purchaser hereby represents and warrants to Seller as follows:

 

(a)          Purchaser
has the requisite power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement constitutes
the valid and binding obligation of Purchaser enforceable against it in accordance with its terms, except as such enforceability
may be limited by bankruptcy, moratorium or other laws relating generally to the enforcement of creditors’ rights.

 

     

     

    

 

(b)          The
execution, delivery and performance of this Agreement does not and will not (i) violate any law, regulation, judgment, decree,
order or other directive of any court or governmental agency currently applicable to or binding upon Purchaser, or (ii) breach
or constitute a default under any agreement to which Purchaser is a party or by which it is bound.

 

3.            Representations,
Warranties and Covenants of Seller. Seller hereby represents and warrants to Purchaser as follows:

 

(a)          The
Secretary of Seller has the requisite power and authority to execute, deliver and perform his obligations under this Agreement,
having received written authorization to proceed with the sale from the President of Seller. This Agreement constitutes the valid
and binding obligation of Seller enforceable against Seller in accordance with its terms.

 

(b)          The
execution, delivery and performance of this Agreement does not and will not (i) violate any law, regulation, judgment, decree,
order or other directive of any court or governmental agency applicable to or binding upon Seller, or (ii) breach or constitute
a default under any agreement to which Seller is a party or by which Seller is bound.

 

(c)          Seller
is the owner of the Shares of the Purchaser being sold, assigned, bargained and conveyed pursuant hereto, free from any security
interest, pledge, option, equity, claim or other right or interest of any kind. Upon the sale to Purchaser, Purchaser will acquire
the Shares being transferred, free from any security interest, pledge, option, equity, claim or other right or interest of any
kind.

 

(d)          Seller
has received and carefully reviewed Purchaser’s filings with the Securities and Exchange Commission and Purchaser’s
press releases posted on Purchaser’s website (the filings and press releases, the “Purchaser Disclosure”) and
has had full access to Purchaser’s other directors and executives for purposes of discussion the Company’s condition,
operations and plans. Seller acknowledges that no oral representations have been made or information furnished to Seller or Seller’s
representatives that are in any way inconsistent with the Purchaser Disclosure. Seller confirms that no representations, warranties,
or other agreements (whether express or implied) have been made by Purchaser with respect to the transactions contemplated hereby,
except for those representations, warranties, and agreements that are specifically set forth in this Agreement.

 

(e)          Seller,
to the extent necessary, shall, without additional consideration, take such additional or further actions and execute such other
or further documents as may be reasonably requested by Purchaser in order to evidence, confirm or carry out the transactions contemplated
hereby.

 

4.            Miscellaneous.

 

(a)          Governing
Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Ohio.

 

     

     

    

 

(b)          Amendment;
Waiver. No modification, amendment or waiver of any provision of this Agreement will be effective unless such modification,
amendment or waiver is in writing and signed on behalf of the parties hereto. The failure of any party to enforce any of the provisions
of this Agreement will in no way be construed as a waiver of such provisions and will not affect the right of such party thereafter
to enforce each and every provision of this Agreement in accordance with its terms.

 

(c)          Construction.
The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The
Recitals are incorporated by reference and made a part of this Agreement.

 

(d)          Binding
Agreement. Except as otherwise provided herein, this Agreement will bind and inure to the benefit of and be enforceable by
Purchaser and Seller and their respective successors and assigns.

 

(e)          Counterparts.
This Agreement may be executed in counterparts, each of which, when executed, will be an original and all of which taken together
will constitute one and the same agreement.

 

(f)          Entire
Agreement. This Agreement embodies the complete agreement and understanding between the parties hereto with respect to the
subject matter hereof and supersedes or incorporates all prior or contemporaneous understandings, agreements or representations
by or among the parties, written or oral, which may have related to the subject matter hereof in any way.

 

IN WITNESS WHEREOF,
this Agreement has been executed on behalf of the parties on the date first written above.

 

	SELLER	 	 
	THE THOMAS F. PETERSON FOUNDATION	 
	 	 
	By:	 	 
	 	Bernard L. Karr, Secretary	 
	 	 
	PURCHASER	 
	PREFORMED LINE PRODUCTS COMPANY	 
	 	 
	By:	 	 
	 	Eric Graef – Vice President – FinanceExhibit 10.1

 

Execution Version

 

 

 

ENERGY XXI LTD

 

FOURTH AMENDMENT TO RESTRUCTURING
SUPPORT AGREEMENT

 

August 19, 2016

 

 

 

This Fourth Amendment
to the Restructuring Support Agreement[1]
(this “Amendment”), is entered into by and among: (i) the Debtors; and (ii) the Restructuring Support
Parties. This Agreement collectively refers to the Debtors and the Restructuring Support Parties as the “Parties”
and each individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
desire to amend the Restructuring Support Agreement to modify certain Milestones; and

 

WHEREAS, Section 4
of the Restructuring Support Agreement permits the extension of a Milestone with the express prior written consent of the Majority
Restructuring Support Parties;

 

NOW, THEREFORE, in
consideration of the promises, mutual covenants, and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, each of the Parties, intending to be legally bound, hereby agrees
as follows:

 

AGREEMENT

 

1.                 
Amendment Effective Date. This Amendment shall become effective, and the obligations contained herein shall
become binding upon the Parties, upon the first date that this Agreement has been executed by all of the Parties. Following the
effective date of this Amendment, whenever the Restructuring Support Agreement is referred to in any agreements, documents, and
instruments, such reference shall be deemed to be to the Restructuring Support Agreement as amended by this Amendment.

 

2.                 
Amendment to the Restructuring Support Agreement.

 

		(a)	Section 4(g) of the Restructuring Support Agreement is hereby deleted and replaced in its entirety
with the following:

 

no later than September 30, 2016,
the Bankruptcy Court shall have entered an order authorizing the assumption of this Agreement (the “RSA Assumption
Order”).

 

 

 

		1	“Restructuring
                                         Support Agreement” means that certain Restructuring Support Agreement,
                                         dated April 11, 2016, by and among the Debtors and the Restructuring Support Parties,
                                         as amended by the First Amendment to the Restructuring Support Agreement, dated May 16,
                                         2016, the Second Amendment to the Restructuring Support Agreement, dated June 28, 2016,
                                         the Third Amendment to the Restructuring Support Agreement dated July 28, 2016, and as
                                         may be further amended, modified, or supplemented, from time to time. Unless otherwise
                                         noted, capitalized terms used but not defined herein are used as defined in the Restructuring
                                         Support Agreement.

 

     

     

    

 

3.                 
Ratification. Except as specifically provided for in this Amendment, no changes, amendments, or other modifications
have been made on or prior to the date hereof or are being made to the terms of the Restructuring Support Agreement or the rights
and obligations of the arties thereunder, all of which such terms are hereby ratified and confirmed and remain in full force and
effect. Notwithstanding the effective date of this Amendment, this Amendment constitutes a valid amendment of the applicable Milestone
set forth in Section 4 of the Restructuring Support Agreement, in accordance with the final paragraph of Section 4 of the Restructuring
Support Agreement.

 

4.                 
Waiver of Certain Termination Rights. Nothing in this Amendment shall constitute a Restructuring Support Party
Termination Event pursuant to Sub-Clause (a) of Section 7 the Restructuring Support Agreement or an individual termination right
pursuant to Section 9 of the Restructuring Support Agreement, or any other breach by any of the Debtors or the Restructuring Support
Parties under the Restructuring Support Agreement, including, without limitation, a breach of the Debtors’ commitments under
Section 6 of the Restructuring Support Agreement.

 

[Signatures and exhibits follow.]

 

    2

     

    

 

[Signature
Pages Redacted.]

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