Document:

Exhibit 10.1

Exhibit 10.1

AMENDMENT NO. 1 AND WAIVER AGREEMENT

AMENDMENT NO. 1 AND WAIVER AGREEMENT (this “Agreement”) dated as of March 30, 2010 to
the Credit Agreement referred to below, among HMS Holdings Corp. (the “Borrower”); each of
the Guarantors identified under the caption “GUARANTORS” on the signature pages hereto; each of the
Lenders identified under the caption “LENDERS” on the signature pages hereto; and JPMorgan Chase
Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”).

WHEREAS, the Borrower, the Lenders party thereto (individually, a “Lender” and,
collectively, the “Lenders”), the Guarantors party thereto and the Administrative Agent are
parties to a Credit Agreement dated as of September 13, 2006 (as amended and in effect immediately
prior to the effectiveness of this Agreement, the “Credit Agreement”);

WHEREAS, the Loan Parties have requested the Lenders to agree to certain waivers and
amendments under the Credit Agreement, and accordingly, the parties hereto hereby agree as follows:

Section 1. Definitions. Capitalized terms used in this Agreement and not otherwise
defined are used herein as defined in the Credit Agreement.

Section 2. Amendments. Effective as provided in Section 5 hereof, the Credit
Agreement shall be amended as follows:

2.01. References in the Credit Agreement (including references to the Credit Agreement as
amended hereby) to “this Agreement” (and indirect references such as “hereunder”, “hereby”,
“herein” and “hereof”) shall be deemed to be references to the Credit Agreement as amended hereby.

2.02. Investments and Acquisitions. Section 7.06(g) of the Credit Agreement shall be
amended and restated in its entirety to read as follows:

“(g) Acquisitions after the effective date of Amendment No. 1 hereto dated as of March
30, 2010 by the Borrower or any other Loan Party; provided that (i) the aggregate
consideration (including assumed Indebtedness, but excluding consideration in the form of
Capital Stock of the Borrower) for all such Acquisitions shall not exceed $30,000,000,
(ii) if such Acquisition is an acquisition of Capital Stock of any Person, such Acquisition
shall not be opposed by the board of directors (or similar governing body) of such Person,
(iii) no Default shall have then occurred and be continuing or would result therefrom,
(iv) the requirements of Section 6.11 applicable to such Acquisition shall be satisfied,
(v) after giving effect to such Acquisition on a pro forma basis as if such Acquisition had
occurred on the first day of the most recent period of four consecutive fiscal quarters, the
Borrower would be in pro forma compliance with the Consolidated Leverage Ratio under
Section 7.11(a) and (vi) prior to the consummation of each such Acquisition, the
Administrative Agent shall have received a certificate of a Responsible Officer setting
forth the calculations required to determine compliance with clause (v) above and certifying
that the conditions set forth in this clause (g) with respect to such Acquisition have been
satisfied; and”.

Section 3. Waivers. Effective as provided in Section 5 hereof, the Lenders hereby
waive any Default that may have occurred and be continuing as a result of the Borrower’s default in
the performance of its obligations under Section 7.06(g) of the Credit Agreement with respect to
its fiscal year ended on December 31, 2009.

 

 

 

 

Section 4. Representations and Warranties. The Borrower represents and warrants to
the Administrative Agent and the Lenders that as of the date hereof (a) the representations and
warranties of the Loan Parties set forth in Article IV of the Credit Agreement, as amended hereby,
and of each Loan Party in each of the other Loan Documents to which it is a party, are true and
correct on and as of such date (or, if any such representation or warranty is expressly stated to
have been made as of a specific date, as of such specific date) and (b) (after giving effect to the
waivers under Section 3 hereof) no Default has occurred and is continuing under the Credit
Agreement.

Section 5. Conditions Precedent to Effectiveness. The amendments set forth in
Section 2 hereof and the waivers set forth in Section 3 hereof shall become effective as of the
date hereof upon (a) receipt by the Administrative Agent of one or more counterparts of this
Agreement executed by each Loan Party and the Required Lenders and (b) (subject to the approval of
the Required Lenders under clause (a) above) the payment by the Borrower of an amendment fee in an
aggregate amount of $8,000 to the Administrative Agent for the account of the Lenders that have
approved this Agreement on or prior to 5:00 p.m. (New York time), Tuesday, March 30, 2010, which
fee shall be split equally among such Lenders.

Section 6. Confirmation and Ratification. Each of the Loan Parties hereby confirms
and ratifies all of its respective obligations under the Credit Agreement (as amended hereby) and
the other Loan Documents to which it is a party (including, in the case of each of the Guarantors,
its respective obligations as a guarantor under Article III of the Credit Agreement).

Section 7. Miscellaneous. The Borrower shall pay promptly upon demand all reasonable
expenses incurred by the Administrative Agent (including the reasonable fees, charges and
disbursements of its counsel) in connection with the preparation, negotiation, execution and
delivery of this Agreement and the transactions contemplated hereby. Except as herein provided,
the Credit Agreement shall remain unchanged and in full force and effect. This Agreement may be
executed in any number of counterparts, all of which taken together shall constitute one and the
same agreement and any of the parties hereto may execute this Agreement by signing any such
counterpart. This Agreement shall be governed by, and construed in accordance with, the law of the
State of New York.

[remainder of page intentionally left blank]

AMENDMENT NO. 1

 

- 2 -

 

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

	 	 	 	 	 
	 	HMS HOLDINGS CORP.

 	 
	 	By  	/s/ Walter D. Hosp	 
	 	 	Name:  	Walter D. Hosp 	 
	 	 	Title:  	Senior Vice Pres., Chief Financial Officer	 
	 
	 	GUARANTORS

HEALTH MANAGEMENT SYSTEMS, INC.

 	 
	 	By  	/s/ Walter D. Hosp	 
	 	 	Name:  	Walter D. Hosp	 
	 	 	Title:  	Senior Vice Pres., Chief Financial Officer	 
	 
	 	HMS BUSINESS SERVICES INC.

 	 
	 	By  	/s/ Walter D. Hosp	 
	 	 	Name:  	Walter D. Hosp	 
	 	 	Title:  	Senior Vice Pres., Chief Financial Officer	 
	 
	 	REIMBURSEMENT SERVICES GROUP INC.

 	 
	 	By  	/s/ Walter D. Hosp	 
	 	 	Name:  	Walter D. Hosp	 
	 	 	Title:  	Senior Vice Pres., Chief Financial Officer	 
	 

AMENDMENT NO. 1

 

- 3 -

 

	 	 	 	 	 
	 	LENDERS

JPMORGAN CHASE BANK, N.A.,

individually and as Administrative Agent

 	 
	 	By  	/s/
Jason C. Hand	 
	 	 	Name:  	Jason C. Hand	 
	 	 	Title:  	Vice President	 
	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By  	/s/
Jill J. Hogan	 
	 	 	Name:  	Jill J. Hogan	 
	 	 	Title:  	Vice President	 
	 
	 	CITIZENS BANK OF MASSACHUSETTS

 	 
	 	By  	/s/
David J. Bugbee	 
	 	 	Name:  	David J. Bugbee	 
	 	 	Title:  	Senior Vice President	 
	 
	 	BANK LEUMI USA

 	 
	 	By  	/s/ John Koenigsberg	 
	 	 	Name:  	John Koenigsberg	 
	 	 	Title:  	Senior Vice President	 
	 
	 	By  	/s/
Iris Steinhardt	 
	 	 	Name:  	Iris Steinhardt	 
	 	 	Title:  	Vice President	 

AMENDMENT NO. 1

 

- 4 -exv4w1

 

    Exhibit 4.1

 

    FORM OF
    AMENDMENT NO. 1 TO

 

    SECOND
    AMENDED AND RESTATED WARRANT AGREEMENT

 

    This Amendment (this “Amendment”) is made as of
    [          ],
    2010 by and among Liberty Acquisition Holdings Corp., a Delaware
    corporation (the “Company”), Liberty Acquisition
    Holdings Virginia, Inc., a Virginia corporation
    (“Liberty Virginia”), Continental Stock
    Transfer & Trust Company, a New York corporation
    (the “Warrant Agent”), and Promotora de
    Informaciones, S.A., a sociedad anónima organized
    under the laws of Spain (“PRISA”).

 

    WHEREAS, the Company and the Warrant Agent are parties to
    that certain Second Amended and Restated Warrant Agreement,
    dated as of December 6, 2007 and filed with the United
    States Securities and Exchange Commission on December 12,
    2007 (the “Existing Warrant Agreement”),
    pursuant to which the Company has issued Warrants to purchase
    76,687,500 shares of Common Stock (collectively, the
    “Warrants”);

 

    WHEREAS, the terms of the Warrants are governed by the
    Existing Warrant Agreement and capitalized terms used herein,
    but not otherwise defined, shall have the meanings given to such
    terms in the Existing Warrant Agreement;

 

    WHEREAS, on March 5, 2010, the Company entered into
    a Business Combination Agreement (as amended from time to time,
    the “Business Combination Agreement”) with
    PRISA (and subsequently joined by Liberty Virginia), pursuant to
    which, upon the consummation of the transactions contemplated by
    the Business Combination Agreement, the stockholders of the
    Company will come to own newly issued American Depositary
    Receipts representing newly issued (i) Class A
    Ordinary Shares of PRISA and (ii) convertible non-voting
    shares (acción sin voto convertible) of PRISA;

 

    WHEREAS, the Business Combination Agreement provides for
    the merger of the Company with and into Liberty Virginia, its
    wholly owned subsidiary, upon consummation of which, as provided
    in Section 4.4 of the Existing Warrant Agreement, the
    Warrants will no longer be exercisable for shares of Common
    Stock but instead will be exercisable (subject to the terms and
    conditions of the Existing Warrant Agreement as amended hereby)
    for shares of common stock, par value $0.0001 per share, of
    Liberty Virginia;

 

    WHEREAS, the Board of Directors of the Company has
    determined that the consummation of the transactions
    contemplated by the Business Combination Agreement will
    constitute a Business Combination between the Company and PRISA;

 

    WHEREAS, pursuant to the Business Combination Agreement,
    the Company agreed to seek the approval of this Amendment by the
    Registered Holders of a majority of the outstanding Warrants
    (the “Warrant Proposal”) such that, in
    connection with the transactions contemplated by the Business
    Combination Agreement, PRISA will be required to purchase, and
    the holders of Warrants will be required to exchange, all of the
    outstanding Warrants for the Consideration (as defined below)
    and on such other terms and subject to such conditions as are
    set forth herein;

 

    WHEREAS, Section 9.8 of the Existing Warrant
    Agreement provides that the Company and the Warrant Agent may
    amend the Existing Warrant Agreement with the written consent of
    the Registered Holders of a majority of the outstanding Warrants;

 

    WHEREAS, the Registered Holders of a majority of the
    outstanding Warrants have approved the Warrant Proposal; and

 

    WHEREAS, the representative of the underwriters has
    waived any and all rights to consent to any modification or
    amendment of the Existing Warrant Agreement contemplated by
    Section 9.8 of the Existing Warrant Agreement.

 

    NOW, THEREFORE, in consideration of the mutual agreements
    contained herein and other good and valuable consideration, the
    receipt and sufficiency of which are hereby acknowledged, and
    intending to be legally bound hereby, the parties hereto agree
    to amend the Existing Warrant Agreement as set forth herein.

    

    1

 

    1. Amendment of Existing Warrant Agreement.

 

    1.1 Mandatory Exchange of Securities. Section 6
    of the Existing Warrant Agreement is hereby amended and restated
    in its entirety so that it now reads in full as follows:

 

    “6 Mandatory Exchange of Securities.

 

    6.1 Definitions.

 

    Capitalized terms used in this Section 6, but not otherwise
    defined in this Agreement, shall have the meanings given to such
    terms in the Business Combination Agreement, dated as of
    March 5, 2010, by and between Promotora de Informaciones,
    S.A., a sociedad anónima organized under the laws of
    Spain (“PRISA”) and Liberty Acquisition
    Holdings Corp. (the “Business Combination
    Agreement”), a copy of which is included in the PRISA
    prospectus dated
    [          ],
    2010 and previously delivered to Registered Holders in
    connection with soliciting consents for Amendment No. 1 to
    this Agreement.

 

    6.2 Exchange.

 

    6.2.1 Notwithstanding anything contained in this Agreement
    to the contrary, at the Exchange Effective Time, and subject to
    the Share Exchange being consummated, except as provided in
    Section 6.3 herein or as such consideration may be
    changed as occasioned by the last paragraph of
    Section 3.5(a) of the Business Combination Agreement, each
    Warrant issued and outstanding immediately prior to the Exchange
    Effective Time shall, automatically and without any action by
    the Registered Holder thereof, be exchanged by PRISA and
    transferred by such Registered Holder to PRISA (the
    “Warrant Exchange”), in consideration for:

 

    (i) a payment by Liberty Virginia in cash in the amount of
    US$1.043195 (the “Cash Consideration”) to be
    delivered by or at the direction of Liberty Virginia;

 

    (ii) the exchange by PRISA of 0.115327 newly issued PRISA
    Class A Ordinary Shares (the “Ordinary Share
    Consideration”) to be delivered by PRISA to the
    Depositary as provided for herein; and

 

    (iii) the exchange by PRISA of 0.05534 newly issued PRISA
    Convertible Non-Voting Shares (the “Convertible
    Non-Voting Share Consideration”, and together with the
    Cash Consideration and the Ordinary Share Consideration, the
    “Consideration”) to be delivered by PRISA to
    the Depositary as provided for herein.

 

    6.2.2 Notwithstanding anything contained in this Agreement
    to the contrary, upon consummation of the Share Exchange, and
    without any action by the Registered Holder thereof, each
    Registered Holder of Warrants (other than Prisa) shall cease to
    have any rights with respect to the Warrants other than the
    right to receive the Consideration.

 

    6.3 Delivery of Consideration.

 

    6.3.1 Each PRISA Share issued as part of the Consideration
    shall be registered in the name of the Depositary by Iberclear
    and then delivered in the form of PRISA ADSs evidenced by ADRs,
    with each PRISA ADS-A representing
    [          ]
    PRISA Class A Ordinary Shares and each PRISA ADS-NV
    representing
    [          ]
    PRISA Convertible Non-Voting Shares. Each PRISA ADS shall be
    issued in accordance with the Deposit Agreement.

 

    6.3.2 The aggregate Cash Consideration payable to each
    former Registered Holder shall be rounded down to the nearest
    whole cent after multiplying the aggregate number of outstanding
    Warrants held by such former Registered Holder by the Cash
    Consideration. By way of example, a Registered Holder of 10,500
    outstanding warrants would receive aggregate Cash Consideration
    of $10,953.54.

 

    6.3.3 If, between the date of this Agreement and the
    Exchange Effective Time, PRISA, Liberty or Liberty Virginia
    undergoes a change in capitalization affecting the Warrants, an
    appropriate and proportionate adjustment shall be made to the
    Ordinary Share Consideration and the Convertible Non-Voting
    Share Consideration in order to preserve the economic benefits
    of the Warrant Exchange to the parties.

    

    2

 

    6.3.4 In so far as the provisions of Article IV of the
    Business Combination Agreement relate to the obligations and
    rights of the parties to this Agreement regarding the Warrant
    Exchange, such provisions are hereby incorporated herein by
    reference; provided, however, that nothing in this
    Section 6.3.4 or this Agreement, whether expressed
    or implied, is intended to confer upon any Person, including any
    beneficial owner or Registered Holder of Warrants, any rights or
    remedies under or by reason of the Business Combination
    Agreement enforceable against the parties thereto or their
    successors or assigns.

 

    6.3.5 Notwithstanding anything herein to the contrary, the
    Company shall not be required to provide any prior notice of the
    Warrant Exchange to any Registered Holder.

 

    6.4 Each of the parties hereto acknowledges and agrees that
    the obligations under this Section 6 to deliver the
    Ordinary Share Consideration and Convertible Non-Voting Share
    Consideration shall be satisfied by PRISA.

 

    6.5 Each of the parties hereto acknowledges and agrees that
    the obligations under this Section 6 to deliver the Cash
    Consideration shall be satisfied by or at the direction of
    Liberty Virginia.”

 

    1.2 Appointment of Warrant Agent. Existing Warrant
    Agreement is hereby amended to add a new Section 1.2, which
    shall read in full as follows:

 

    “1.2 Appointment of Warrant Agent at Exchange
    Time. Notwithstanding anything contained in this Agreement
    to contrary (including that the Warrant Agent be a New York
    Corporation), at the Exchange Effective Time, PRISA shall act as
    agent for the Company, its successors and assigns for the
    Warrants, and PRISA agrees to perform in accordance with the
    terms and conditions set forth in this Agreement. At such time
    as PRISA is appointed, Continental Stock Transfer &
    Trust Company shall have no further rights or obligations
    under the Agreement, and the term “Warrant
    Agent,” as used in this Agreement, shall refer
    exclusively to PRISA.”

 

    2. Miscellaneous Provisions.

 

    2.1 PRISA Obligation. Each of the parties hereto
    acknowledges and agrees that the obligations under
    Section 6.2 of the Existing Warrant Agreement (as amended
    by this Amendment) to deliver the Ordinary Share Consideration
    and Convertible Non-Voting Share Consideration shall be
    satisfied by PRISA

 

    2.2 Liberty Virginia Obligation. Each of the parties
    hereto acknowledges and agrees that the obligations under
    Section 6.2 of the Existing Warrant Agreement (as amended
    by this Amendment) to deliver the Cash Consideration shall be
    satisfied by or at the direction of Liberty Virginia.

 

    2.3 Successors. All the covenants and provisions of
    this Amendment by or for the benefit of the Company or the
    Warrant Agent shall bind and inure to the benefit of their
    permitted respective successors and assigns.

 

    2.4 Severability. This Amendment shall be deemed
    severable, and the invalidity or unenforceability of any term or
    provision hereof shall not affect the validity or enforceability
    of this Amendment or of any other term or provision hereof.
    Furthermore, in lieu of any such invalid or unenforceable term
    or provision, the parties hereto intend that there shall be
    added as a part of this Amendment a provision as similar in
    terms to such invalid or unenforceable provision as may be
    possible and be valid and enforceable.

 

    2.5 Applicable Law. The validity, interpretation and
    performance of this Amendment shall be governed in all respects
    by the laws of the State of New York, without giving effect to
    conflict of laws. The parties hereby agree that any action,
    proceeding or claim against it arising out of or relating in any
    way to this Amendment shall be brought and enforced in the
    courts of the State of New York or the United States District
    Court for the Southern District of New York, and irrevocably
    submits to such jurisdiction, which jurisdiction shall be
    exclusive. Each of the parties hereby waives any objection to
    such exclusive jurisdiction and that such courts represent an
    inconvenient forum.

 

    2.6 Counterparts. This Amendment may be executed in
    any number of counterparts, and by facsimile or portable
    document format (pdf) transmission, and each of such
    counterparts shall for all purposes be deemed to be an original
    and all such counterparts shall together constitute but one and
    the same instrument.

    

    3

 

    2.7 Effect of Headings. The Section headings herein
    are for convenience only and are not part of this Amendment and
    shall not affect the interpretation thereof.

 

    2.8 Entire Agreement. The Existing Warrant
    Agreement, as modified by this Amendment, constitutes the entire
    understanding of the parties and supersedes all prior
    agreements, understandings, arrangements, promises and
    commitments, whether written or oral, express or implied,
    relating to the subject matter hereof, and all such prior
    agreements, understandings, arrangements, promises and
    commitments are hereby canceled and terminated.

 

    [Signatures Appear on Following Page]

    

    4

 

    IN WITNESS WHEREOF, each of the parties has caused this
    Amendment to be duly executed as of the date first above written.

 

    LIBERTY ACQUISITION HOLDINGS CORP.

 

    By: 

    Name: 

    Title: 

 

    LIBERTY ACQUISITION HOLDINGS VIRGINIA, INC.

 

    By: 

    Name: 

    Title: 

 

    CONTINENTAL STOCK TRANSFER & TRUST COMPANY

 

    By: 

    Name: 

    Title: 

 

    PROMOTORA DE INFORMACIONES, S.A.

 

    By: 

    Name: 

    Title: 

 

    [Signature Page to Warrant Agreement Amendment]

    

    5

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