Document:

exv10w34

Exhibit 10.34

AMENDMENT TO AGREEMENT AND PLAN OF MERGER

     THIS AMENDMENT TO AGREEMENT AND PLAN OF MERGER (this “Amendment”) dated June 21, 2011
is among (i) H&R BLOCK, INC., a Missouri corporation (the “Acquiror”), (ii) HRB ISLAND
ACQUISITION, INC., a Delaware corporation and an indirect wholly owned subsidiary of the Acquiror
(“Sub”), (iii) 2SS HOLDINGS, INC., a Delaware corporation (the “Company”), (iv) TA
Associates Management, L.P. solely in its capacity as Stockholder Representative, and (v) Lance
Dunn solely in his capacity as Stockholder Representative.

     WHEREAS, reference is hereby made to that certain Agreement and Plan of Merger among the
parties hereto dated as of October 13, 2010 (the “Merger Agreement”);

     WHEREAS, Section 7.1 of the Merger Agreement contains a condition to Closing that no
Governmental Authority shall have instituted any Action challenging or seeking to restrain or
prohibit the consummation of the Merger;

     WHEREAS, on October 26, 2010, the parties filed Premerger Notification and Report Forms under
and in compliance with the HSR Act with the Federal Trade Commission and the U.S. Department of
Justice (“DOJ,” and together with any other appropriate Governmental Authority designated
by Law to receive such filings, an “Antitrust Authority”) with respect to the transactions
contemplated by the Merger Agreement and have filed such other notifications, applications, filings
or other information with the DOJ as the parties deemed necessary or desirable in connection with
the Merger under applicable Antitrust Law (collectively, the “Antitrust Filings”);

     WHEREAS, on May 23, 2011, the DOJ instituted an Action seeking to prevent the Merger in a case
styled United States of America, U.S. Department of Justice, Antitrust Division v. H&R Block, Inc.
et al, Case No. 1:11-cv-00948 (the “DOJ Action”) and the parties wish to oppose the DOJ
Action;

     WHEREAS, the Acquiror has to date borne a larger portion of the costs and expenses of all
parties relating to the Antitrust Filings and the parties desire to change the manner in which the
parties divide costs going forward regarding the Antitrust Filings and DOJ Action, as set forth
herein; and

     WHEREAS, Section 10.2 of the Merger Agreement provides for the amendment of the terms of the
Merger Agreement upon the written agreement of the parties, and the parties desire to amend the
Merger Agreement as set forth herein.

     NOW, THEREFORE, in consideration of the above premises, and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

 

     1. Defined Terms. All capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Merger Agreement.

     2. Satisfaction of Prior Obligations.

          2.1 As of the date hereof, each party hereby acknowledges and agrees that each other party
hereto has fulfilled any and all obligations under Section 5.6 of the Merger Agreement applicable
to such other party through the date hereof, whether express or implied.

          2.2 Each party hereby acknowledges and agrees that as of the date hereof, no party has failed
to fulfill any obligation under the Merger Agreement prior to the date hereof that has caused the
Merger not to be consummated on or prior to the date hereof, and further acknowledges and agrees
that either the Company or the Stockholder Representatives, acting together, or the Acquiror has
had the right to terminate the Merger Agreement since May 31, 2011, subject to the terms of this
Amendment.

     3. No Waiver of Closing Conditions. Each party hereby acknowledges and agrees that
the approval and execution of this Amendment shall not be deemed to be a waiver of any of the
conditions to Closing set forth in Article VII of the Merger Agreement.

     4. Section 1.1.

          4.1 The definitions of “Escrow Agent” and “Merger Consideration” in Section
1.1 of the Merger Agreement shall be deleted and replaced in their entirety with the following:

     “Escrow Agent” means SunTrust Bank, a Georgia banking corporation, or
its successor under the Escrow Agreement.

     “Merger Consideration” means the sum of (i) $287,500,000, plus (ii) the
Estimated Net Working Capital Amount set forth in the Net Working Capital Amount
Schedule, plus (iii) the Reimbursement Amount (as defined in Section 5.6), minus
(iv) the unpaid Transaction Expenses set forth in the Schedule of Expenses.

          4.2 A new clause (iv) shall be added at the end of the first sentence of the definition of
“Transaction Expenses” in Section 1.1 as follows: “and (iv) the Antitrust Action Expenses (as
defined in Section 5.6).”

     5. Section 3.6. The Company represents and warrants to the Acquiror and Sub that a
true and complete copy of the unaudited consolidated statement of income of the Company and its
Subsidiaries as at April 30, 2011 has been delivered to the Acquiror. Effective from and after the
date of this Amendment, the definition of “Unaudited Financial Statements” set forth in
Section 3.6 of the Merger Agreement shall be deemed to include the unaudited consolidated statement
of income of the Company and its Subsidiaries as at April 30, 2011.

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     6. Section 3.23(a). A new sentence shall be added at the end of Section 3.23(a), as
follows:

     Schedule 3.23(a)(i) of the Disclosure Schedules sets forth the information the
Company and its Subsidiaries retain regarding the number of clients served in the
12-month period ended April 30, 2011, including, but not limited to, percentages of
such customers using free services versus paid services, online versus desktop,
professional versus nonprofessional, etc., excluding any such information which, if
disclosed to Acquiror, would constitute Competitively Sensitive Information of the
Company or its Subsidiaries.

     7. Section 5.1(i). Section 5.1(i) of the Merger Agreement shall be deleted and
replaced in its entirety with the following:

(i) authorize, or make any commitment with respect to, any single capital expenditure that
is in excess of $250,000 or capital expenditures that are, in the aggregate, in excess of
$1,000,000 for the Company and its Subsidiaries taken as a whole, or enter into any lease or
sublease of real or personal property or any renewals thereof;

     8. Section 5.6. Effective from and after the date of this Amendment, Section 5.6 of
the Merger Agreement shall be deleted and replaced in its entirety with the following:

     Section 5.6 Efforts.

     (a) The parties agree that the external costs and expenses of all parties that
are incurred in connection with the DOJ Action after the date hereof, including but
not limited to attorney fees and costs, all costs associated with experts, witnesses
and potential witnesses, all document production costs, and all costs awarded by the
court to the DOJ (the “Antitrust Action Expenses”), shall be the
responsibility of the Company; provided, however, that “Antitrust Action
Expenses” shall not include (i) the attorney fees and expenses of Willkie Farr &
Gallagher LLP or the Acquiror’s internal legal counsel, (ii) travel costs for the
Acquiror’s employees, or (iii) any costs or expenses that the Acquiror chooses to
incur without the consent of the Company or the Company’s outside counsel. If the
Closing occurs in accordance with the terms of this Agreement, as amended, or as the
Acquiror may otherwise agree in writing, then in connection with the Closing the
Acquiror shall reimburse the Company an amount equal to the Antitrust Action
Expenses, up to a maximum of five million dollars ($5,000,000) (the
“Reimbursement Amount”).

     (b) The parties shall each cooperate with one another in connection with
opposing the DOJ Action, subject to the parties’ termination rights set forth in
Section 9.1. In connection with such collaboration, each of the parties shall act

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in good faith, reasonably, and as promptly as practicable. Subject to applicable
Laws relating to the exchange of information and the preservation of any
applicable attorney-client privilege, work-product doctrine, self-audit privilege or
other similar privilege (collectively, “Legal Privilege”), each party shall
(i) promptly inform the other party of any substantive written or oral communication
received from any Antitrust Authority or the court before which the DOJ Action is
pending relating to the DOJ Action, its Antitrust Filing or the Merger and other
transactions contemplated hereby (and if in writing, furnish the other party with a
copy of such communication); (ii) provide to the other party, and permit the other
party to review and comment upon in advance of submission, all proposed substantive
correspondence, filings, and written communications regarding the DOJ Action or to
any Antitrust Authority with respect to the Merger and other transactions
contemplated hereby; and (iii) not participate in any substantive meeting or
discussion in respect of any filings, investigation or inquiry concerning the DOJ
Action or the Merger and other transactions contemplated hereby unless it consults
with the other party in advance and, except as prohibited by applicable Law or
Governmental Authority, gives the other party the opportunity to attend and
participate thereat; provided, however, that any exchange of Competitively Sensitive
Information shall be limited to the other party’s outside antitrust counsel.
Without in any way limiting the foregoing, the parties will consult and cooperate
with each other, and consider in good faith the views of one another, in connection
with any analyses, appearances, presentations, memoranda, briefs, arguments,
opinions and proposals made or submitted by or on behalf of any party in connection
with proceedings under or relating to any Antitrust Law (including the DOJ Action),
except as may be prohibited or restricted by Law.

     (c) Notwithstanding anything in this Agreement to the contrary, the Acquiror
shall have the sole and exclusive right, to propose, negotiate, offer to commit and
effect, by consent decree, hold separate order or otherwise, the Divestiture of such
assets of the Acquiror, the Company, or their respective Subsidiaries or otherwise
offer to take or offer to commit (and if such offer is accepted, commit to and
effect) to take any action as may be required to resolve the DOJ Action.

     (d) Notwithstanding anything in this Agreement to the contrary, the Company
shall be prohibited from agreeing to any settlement or other concessions with the
DOJ regarding the DOJ Action (other than the offers or concessions set forth in the
written offer made by the parties to the DOJ prior to the commencement of the DOJ
Action) without the express written consent of the Acquiror, including but not
limited to an agreement to take any of the following actions (each and collectively
a “Divestiture”): (i) extend any such waiting period or agree with any
Antitrust Authority not to consummate the transactions contemplated hereby, (ii)
negotiate, commit to or effect, by consent decree, hold separate order or otherwise,
the sale, divestiture, license or other disposition of

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any or all of the capital stock, assets, rights, products or businesses of the
Company or the Acquiror and its Subsidiaries or any other restrictions on the
activities of the Company or the Acquiror and its Subsidiaries, (iii) terminate,
amend or assign existing relationships or contractual rights or obligations, or (iv)
amend, assign or terminate existing licenses or other agreements or enter into new
licenses or other agreements.

     9. Section 8.4(c). The date “July 31, 2010” in Section 8.4(c) of the Merger Agreement
shall be deleted and replaced in its entirety with the date “July 31, 2012.”

     10. Section 9.1. Section 9.1(c) of the Merger Agreement shall be deleted and
replaced in its entirety with the following:

     (c) by either the Company or the Stockholder Representatives, acting together,
or the Acquiror, if the Merger shall not have been consummated on or before the
earlier of October 15, 2011 or the date on which an applicable court in the DOJ
Action enters a preliminary or permanent injunction that prohibits the closing of
the Merger; provided that the right to terminate this Agreement under this
Section 9.1(c) shall not be available if the failure of the party requesting
termination to fulfill any obligation under this Agreement prior to such date shall
have been the cause of the failure of the Merger to be consummated on or prior to
such date; provided further that the act itself of properly exercising this
termination right shall not alone be considered a cause for the failure to
consummate for purposes of this Section 9.1(c); or

     11. Section 10.1. Section 10.1 of the Merger Agreement shall be deleted and replaced
in its entirety with the following

      Section   10.1. Fees and Expenses. Except to the extent provided in
Section 5.6(a), all fees and expenses incurred in connection with or related to this
Agreement and the Ancillary Agreements and the transactions contemplated hereby and
thereby shall be paid by the party incurring such fees or expenses, whether or not
such transactions are consummated; provided, however, that if the Merger is
consummated, all Transaction Expenses shall be paid as provided in this Agreement.

     12. Section 10.5. The first notice address set forth in Section 10.5 for the Company
or the Stockholder Representatives shall be deleted and replaced in its entirety with the
following:

2SS Holdings, Inc.

c/o Second Story Software, Inc

1425 60th Street NE, Suite 300

Cedar Rapids, IA 52402

Attention: Lance Dunn

Facsimile: (319) 261-0395

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     13. Exhibit A — Form of Escrow Agreement. Exhibit A to the Merger Agreement
shall be deleted and replaced in its entirety with an Escrow Agreement substantially in the form
attached hereto as Exhibit A.

     14. Effect on Merger Agreement. Except as provided in this Amendment, the Merger
Agreement shall remain in full force and effect and unmodified.

     15. Governing Law. This Amendment and all disputes or controversies arising out of or
relating to this Amendment or the transactions contemplated hereby shall be governed by, and
construed in accordance with, the internal laws of the State of Delaware, without regard to the
laws of any other jurisdiction that might be applied because of the conflicts of laws principles of
the State of Delaware.

     16. Counterparts. This Amendment may be executed in two or more counterparts, all of
which shall be considered one and the same instrument and shall become effective when one or more
counterparts have been signed by each of the parties and delivered to the other parties.

     17. Facsimile Signature. This Amendment may be executed by facsimile signature and a
facsimile signature shall constitute an original for all purposes.

[The remainder of this page is intentionally left blank.]

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

	 	 	 	 	 
	 	

H&R BLOCK, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	

HRB ISLAND ACQUISITION, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	2SS HOLDINGS, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	

TA ASSOCIATES MANAGEMENT, L.P.

(solely in its capacity as a Stockholder

Representative)

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	  	
 	 
	 	 	Lance Dunn 	 
	 	 	(Solely in his capacity as a Stockholder

Representative) 	 

Signature Page to Amendment to Merger Agreement

 

 

	 	 	 	 	 

Schedule 3.23(a)(i)

See attached.

 

 

Exhibit A

See attached.

2exv4w4

Exhibit 4.4

FIFTH SUPPLEMENTAL INDENTURE

Dated as of June 21, 2011

to

INDENTURE

Dated as of June 8, 2006

among

BJ SERVICES COMPANY LLC,

as Company,

WESTERN ATLAS INC.,

as Successor Company, and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

$250,000,000 6.00% Senior Notes due 2018

 

 

FIFTH SUPPLEMENTAL INDENTURE

     This FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 21, 2011,
among BJ Services Company LLC, a Delaware limited liability company (the “Company”), as issuer
under the Indenture referred to below, Western Atlas Inc., a Delaware corporation (the “Successor
Company”), and Wells Fargo Bank, National Association, as trustee under the Indenture referred to
below (the “Trustee”).

WITNESSETH:

     WHEREAS, the Company is party to the Indenture, dated as of June 8, 2006 (the “Original
Indenture”), providing for the issuance of Senior Debt Securities, and furthermore has executed and
delivered to the Trustee the First Supplemental Indenture, dated as of June 8, 2006 (the “First
Supplemental Indenture”), providing for the issuance of its 5.75% Senior Notes due 2011 (the “2011
Notes”), the Second Supplemental Indenture, dated as of June 8, 2006 (the “Second Supplemental
Indenture”), providing for the issuance of Floating Rate Senior Notes due 2008 (the “Floating
Notes”), the Third Supplemental Indenture, dated as of May 19, 2008 (the “Third Supplemental
Indenture”), providing for the issuance of its 6.00% Senior Notes due 2018 (the “Notes”), and the
Fourth Supplemental Indenture, dated as of April 28, 2010 (the “Fourth Supplemental Indenture”; the
Original Indenture, as supplemented by the First Supplemental Indenture, the Second Supplemental
Indenture, the Third Supplemental Indenture and the Fourth Supplemental Indenture, the
“Indenture”), providing for the succession of the Company under the Indenture with the same effect
as if it had been named as Company therein;

     WHEREAS, the Floating Notes are no longer outstanding;

     WHEREAS, the 2011 Notes are no longer outstanding;

     WHEREAS, the Company filed a certificate with the Secretary of State of the State of Delaware
on April 29, 2010 changing the name of the Company from “BSA Acquisition LLC” to “BJ Services
Company LLC”;

     WHEREAS, pursuant to that certain Agreement and Plan of Merger, dated as of June 20, 2011 (the
“Merger Agreement”), by and between the Successor Company and the Company, the Company will merge
with and into the Successor Company (the “Merger”);

     WHEREAS, pursuant to Section 8.1 of the Indenture, the Company is required not to merge with
or into the Successor Company unless (i) the Successor Company assumes all the obligations of the
Company under the Notes and the Indenture pursuant to agreements reasonably satisfactory to the
Trustee, (ii) the Successor Company is a corporation (as defined in the Indenture) organized or
existing under the laws of the United States, any state of the United States or the District of
Columbia and (iii) immediately after giving effect to the Merger, no Event of Default, and no event
which, after notice or lapse of time or both, would become an Event of Default, shall have occurred
and be continuing;

 

 

     WHEREAS, the Successor Company is organized and existing under the laws of the State of
Delaware and is a corporation as defined in Section 1.1 of the Indenture, and thus no co- issuer is
required to be added to the Indenture under Section 8.1(b) of the Indenture;

     WHEREAS, both before and immediately after giving effect to the Merger, no Event of Default,
and no event which, after notice or lapse of time or both, would become an Event of Default has
occurred and is continuing;

     WHEREAS, at the Effective Time (as defined in the Merger Agreement), the Successor Company
will succeed to, and be substituted for, and may exercise every right and power of, the Company
under the Indenture with the same effect as if the Successor Company had been named as the Company
therein, and the Company will be relieved of all obligations and covenants under the Indenture and
the Securities in accordance with Section 8.2 of the Indenture;

     WHEREAS, pursuant to Section 9.1(b) of the Indenture, the Trustee and the Successor Company
may execute and deliver this Supplemental Indenture without the consent of any Holders to evidence
the succession of the Successor Company to the Company and the assumption by the Successor Company
of the covenants of the Company contained in the Indenture and to the Notes;

     WHEREAS, there are Outstanding on the date hereof Securities consisting of $250,000,000
aggregate principal amount of the Notes (the “Outstanding Securities”);

     WHEREAS, pursuant to Sections 9.1, 9.3 and 1.3 of the Indenture, the Company has delivered a
request to the Trustee requesting the Trustee to join with the Company and the Successor Company in
the execution of this Supplemental Indenture, accompanied by (1) Board Resolutions (x) authorizing
the execution of this Supplemental Indenture and (y) approving this Supplemental Indenture, (2) an
Officer’s Certificate and Opinion of Counsel, each stating that (x) the Merger and this
Supplemental Indenture comply with Article Eight of the Indenture and (y) all conditions precedent
in the Indenture provided for relating to the Merger have been complied with and (3) an Opinion of
Counsel that the execution of this Supplemental Indenture is authorized or permitted by the
Indenture; and

     WHEREAS, the execution and delivery of this Supplemental Indenture has been duly authorized by
Board Resolutions, and all acts, conditions and requirements necessary to make this Supplemental
Indenture a valid and binding agreement in accordance with its terms and for the purposes set forth
herein have been done and taken, and the execution and delivery of this Supplemental Indenture has
been in all respects duly authorized.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, each of the Company, the Successor
Company and the Trustee, intending to be legally bound hereby, has executed and delivered this
Supplemental Indenture and hereby mutually covenant and agree for the equal and ratable benefit of
the Holders as follows:

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     1. Definitions.

          (a) Capitalized terms used herein without definition shall have the meanings assigned to such
terms in the Indenture.

          (b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly
provided or unless the context otherwise requires: (i) the terms and expressions used herein shall
have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the
words “herein,” “hereof’ and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

     2. Assumption of Obligations; Succession.

          (a) The Successor Company hereby expressly assumes, from and after the Effective Time, all the
obligations of the Company under the Notes and the Indenture with the same effect as if the
Successor Company had been named as the Company in the Indenture.

          (b) The Successor Company shall, from and after the Effective Time, by virtue of the aforesaid
assumption and the delivery of this Supplemental Indenture, succeed to, and be substituted for, and
may exercise every right and power of, the Company, and be the “Company,” under the Indenture with
the same effect as if the Successor Company had been named as the Company in the Indenture.

     3. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities
heretofore or hereafter authenticated and delivered under the Indenture shall be bound hereby.

     4. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     5. Multiple 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.

     6. Headings. The headings of the Sections of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no
way modify or restrict any of the terms or provisions hereof.

     7. Successors and Assigns. All covenants and agreements in this Supplemental
Indenture by the parties hereto shall bind their respective successors and assigns and inure to the
benefit of their respective successors and assigns, regardless of whether so expressed.

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     8. Benefit of Supplemental Indenture. Nothing in this Supplemental Indenture, express
or implied, shall give to any Person, other than the parties hereto, any Registrar, any Paying
Agent and their successors hereunder, and the Holders of the Notes, any benefit or any legal or
equitable right, remedy or claim under this Supplemental Indenture.

     9. Acceptance by Trustee. The Trustee accepts the amendments to the Original
Indenture effected by this Supplemental Indenture and agrees to execute the trusts created by the
Original Indenture as hereby amended, but only upon the terms and conditions set forth in the
Original Indenture. Without limiting the generality of the foregoing, the Trustee assumes no
responsibility for the correctness of the recitals contained herein, which shall be taken as the
statements of the Company and the Successor Company and, except as provided in the Original
Indenture, the Trustee shall not be responsible or accountable in any way whatsoever for or with
respect to the validity or execution or sufficiency of this Supplemental Indenture and the Trustee
makes no representation with respect thereto.

[Signatures on following pages]

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

	 	 	 	 	 
	 	COMPANY:

BJ SERVICES COMPANY LLC

 	 
	 	By:  	/s/ Jan Kees van Gaalen
 	 
	 	 	Jan Kees van Gaalen 	 
	 	 	Treasurer 	 
	 

Signature Page to Fifth Supplemental Indenture

 

 

	 	 	 	 	 
	 	SUCCESSOR COMPANY:

WESTERN ATLAS INC.

 	 
	 	By:  	/s/ Jan Kees van Gaalen
 	 
	 	 	Jan Kees van Gaalen 	 
	 	 	Treasurer 	 
	 

Signature Page to Fifth Supplemental Indenture

 

 

	 	 	 	 	 
	 	TRUSTEE:

WELLS FARGO BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Patrick T. Giordano
 	 
	 	 	Name:  	Patrick T. Giordano 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Fifth Supplemental Indenture

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