Document:

Amendment Agreement

 Exhibit 10.2 
 [Execution Copy] 
 AMENDMENT AGREEMENT 
 This AMENDMENT AGREEMENT (this “Amendment”) is entered into as of June 15, 2007, between PLUM CREEK TIMBERLANDS, L.P., a Delaware
limited partnership (the “Borrower”), and BANK OF AMERICA, N.A., as Administrative Agent under the Credit Agreement referred to below. 
 The Borrower, the Lenders, the L/C Issuer and the Swing Line Lender party thereto, and the Administrative Agent have entered into a Credit Agreement dated as of June 29, 2006 (as in effect as of the date of this Amendment, the
“Credit Agreement”). 
 The Borrower has requested that the Lenders agree to certain amendments to the Credit Agreement, and
the Required Lenders have agreed to such request, subject to the terms and conditions of this Amendment, and authorized the Administrative Agent to execute and deliver this Amendment on their behalf. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 1. Definitions; References; Interpretation. 
 (a)
Unless otherwise specifically defined herein, each term used herein (including in the Recitals hereof) which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. 
 (b) Each reference to “this Agreement”, “hereof”, “hereunder”, “herein” and
“hereby” and each other similar reference contained in the Credit Agreement, and each reference to “the Credit Agreement” and each other similar reference in the other Loan Documents, shall from and after the
Effective Date (as defined in Section 2) refer to the Credit Agreement as amended hereby. 
 (c) The rules of interpretation set
forth in Section 1.02 of the Credit Agreement shall be applicable to this Amendment. 
 2. Amendments to Credit Agreement. Subject to the
terms and conditions hereof, the Credit Agreement is amended by deleting from the Credit Agreement the entire text of Section 7.09 and substituting “[Reserved]” therefor. This amendment to the Credit Agreement shall become effective
immediately upon, and simultaneously with, the execution and delivery of the Credit Agreement, dated as of June 15c, 2007 among the Borrower, the Lenders party thereto and Bank of America, N.A., as Administrative Agent, and the satisfaction of
all conditions to closing thereunder (other than the effectiveness of this Amendment) by all of the parties thereto (the “Effective Date”). From and after the Effective Date, the Credit Agreement is amended as set forth herein.
Except as expressly amended pursuant hereto, the Credit Agreement shall remain unchanged and in full force and effect and is hereby ratified and confirmed in all respects. The Administrative Agent will notify the Borrower and the Lenders of the
occurrence of the Effective Date. 
  

 1. 

 3. Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and the
Lenders as follows: 
 (a) No Default has occurred and is continuing (or would result from the amendment of the Credit Agreement contemplated
hereby). 
 (b) The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary
corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental Authority) in order to be effective and enforceable. 
 (c) This Amendment constitutes the legal, valid and binding obligations of the Borrower, enforceable against it in accordance with their respective
terms. 
 (d) All representations and warranties of the Borrower contained in the Credit Agreement are true and correct (except to the extent
such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 3(d) the representations and warranties
contained in subsections (a) and (b) of Section 5.12 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of
the Credit Agreement. 
 (e) The Borrower is entering into this Amendment on the basis of its own investigation and for its own reasons,
without reliance upon the Administrative Agent and the Lenders or any other Person. 
 4. Miscellaneous. 
 (a) The Borrower acknowledges and agrees that the execution and delivery by the Administrative Agent (for itself and on behalf of the Required Lenders)
shall not be deemed to create a course of dealing or an obligation to execute similar waivers or amendments under the same or similar circumstances in the future. 
 (b) This Amendment shall be binding upon and inure to the benefit of the parties hereto, the Lenders and their respective successors and assigns. 
 (c) THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (d) This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersedes any and all previous 
  

 2. 

 agreements and understandings, oral or written, relating to the subject matter hereof. This Amendment shall become
effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Amendment by telecopy shall be effective as delivery of a manually executed counterpart of this Amendment. 
 (e) This Amendment may not be amended except in accordance with the provisions of Section 10.01 of the Credit Agreement. 
 (f) If any provision of this Amendment is held to be illegal, invalid or unenforceable, (i) the legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or
impaired thereby and (ii) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal,
invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 (g) The Borrower agrees to pay or reimburse all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the
reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the preparation, negotiation, execution, delivery and administration of this Amendment or any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated). 
 (h) This Amendment
shall constitute a Loan Document. 
 [signature pages follow] 
  

 3. 

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

									
	 PLUM CREEK TIMBERLANDS, L.P.,
 a Delaware limited partnership

			
		 	By:	 	Plum Creek Timber I, L.L.C., its General Partner
				
		 		 	By:	 	 Plum Creek Timber Company, Inc.,
 its Managing Member

					
		 		 		 	By:	 	 /s/ Laura B. Smith

		 		 		 	Name:	 	 Laura B. Smith

		 		 		 	Title:	 	 Vice President and Treasurer

  

 1. 

			
	BANK OF AMERICA, N.A., as
	Administrative Agent, for itself and on behalf of the Required Lenders
		
	By:	 	 /s/ Anthea Del Bianco

	Name:	 	 Anthea Del Bianco

	Title:	 	 Vice President

  

 2.Letter Agreement between Blockbuster Inc. and Larry J. Zine

 Exhibit 10.1 
 [BLOCKBUSTER LETTERHEAD] 
 June 19, 2007 
 Mr. Larry J. Zine 
 c/o Blockbuster Inc. 
 1201 Elm Street 
 Dallas, TX 75270 
 Dear Larry: 
 Blockbuster Inc.
(“Blockbuster”) and you previously entered into an Employment Agreement dated October 13, 2000 (the “Agreement”), pursuant to which you currently serve as Executive Vice President, Chief Financial Officer and
Chief Administrative Officer of Blockbuster. The Agreement was subsequently amended on February 21, 2006, which amendment was intended to provide a severance payment to you in 2007 that, as of January 1, 2007, was no longer subject to a
substantial “risk of forfeiture,” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). Paragraph 17 of the Agreement provides that the Employment Agreement may be
changed only by a writing signed by both parties. 
 Blockbuster and you desire to clarify the intent of the February 21, 2006 amendment
and to make certain other changes to the Agreement. Specifically, Blockbuster and you now desire to amend (this “Second Amendment”) the provisions of Paragraphs 1, 3 and 8 of the Agreement as set forth herein. 
 As used in this Second Amendment, terms that begin with an initial capital letter have the same meanings as such terms have in the Agreement unless a
contrary meaning is specified in this Second Amendment. 
 For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Blockbuster and you agree to amend the Agreement as follows: 
 1. Paragraph 1 of the Agreement shall be deleted in its
entirety and replaced with the following effective as of the date of this Second Amendment: 
  

			
	 1. Term. The term of this Agreement shall end on December 31, 2007, unless your employment is terminated prior to such date under
the provisions of Paragraphs 8(a), 8(b) or 8(c).
	 	

 2. Paragraph 3 of the Agreement shall be deleted in its entirety and replaced with the following
effective as of the date of this Second Amendment: 

 3. Compensation. 
  

			
	 (a) Salary. For all the services rendered by you in any capacity under this Agreement, Blockbuster
agrees to pay you $640,000.00 per year in base salary (“Salary”), less applicable deductions and withholding taxes, in accordance with Blockbuster’s payroll practices as they may exist from time to time.
  
 (b) Bonus Compensation. You will also receive 2007
bonus compensation (“Bonus”) in accordance with Blockbuster’s Senior Bonus Plan, which Bonus will in no event be paid to you later than March 15, 2008.
  
 (c) Retention Bonus. You will receive a $200,000.00
retention bonus paid in a single lump sum no later than five (5) business days following the date of this Second Amendment.
  
 (d) Fixed Payment. You will receive a lump sum payment in the amount of One Million, One Hundred Eighty-Nine Thousand,
Eight Hundred Dollars and No Cents ($1,189,800.00), less applicable withholding taxes, on the date of termination of your employment, which shall be no later than December 31, 2007. Your receipt of this payment will be conditioned on your
execution of a General Release and Waiver of Claims as attached to the Agreement. The General Release and Waiver of Claims you must sign to receive this payment does not, and is not intended to, relieve Blockbuster of any indemnification agreements
or obligations to you.
	 	

 3. Paragraph 8(b) of the Agreement shall be deleted in its entirety and replaced with the
following effective as of the date of this Second Amendment: 
  

			
	 (b) Termination by Board or CEO. If your employment is terminated for any reason by the Board or CEO, other than pursuant to Paragraph
8(a), prior to December 31, 2007, you will be entitled to receive (i) any unpaid Salary through the date of termination, (ii) your Bonus, prorated through the date of your termination but calculated by taking into account
Blockbuster’s performance for the entire fiscal 2007 year, (iii) the immediate vesting of all outstanding restricted stock held by you, (iv) any unpaid portion of the retention bonus as described in Paragraph 3(c) and (v) the
fixed payment described in and payable pursuant to Paragraph 3(d). Amounts described in Paragraphs 8(b)(i) and (iv) will be paid within five (5) business days after your termination of employment. The amount described in Paragraph 8(b)(ii)
will be paid at the time bonuses under the Senior Bonus Plan are paid generally, but in no event later than March 15, 2008.
	 	

 4. Paragraph 8(c) of the Agreement shall be deleted in its entirety and replaced with the following
effective as of the date of this Second Amendment: 
  

			
	 (c) Termination for Any Other Reason. If your employment is terminated other than pursuant to Paragraph 8(a) or Paragraph 8(b), prior to
December 31, 2007, you will be entitled to receive (i) any unpaid Salary through the date of termination, (ii) your Bonus, prorated through the date of termination of your employment but calculated by taking into account
Blockbuster’s performance for the entire fiscal 2007 year and (iii) the fixed payment described in and payable pursuant to Paragraph 3(d). The amount described in Paragraph 8(c)(i) will be paid within five (5) business days after your
termination of employment. The amount described in Paragraph 8(c)(ii) will be paid at the time bonuses under the Senior Bonus Plan are paid generally, but in no event later than March 15, 2008.
	 	

 5. Paragraph 8(d) of the Agreement shall be deleted in its entirety and replaced with the
following effective as of the date of this Second Amendment: 
  

			
	 (d) Termination of Benefits. Notwithstanding anything in this Agreement to the contrary, participation in all Blockbuster benefit plans
and programs (including, without limitation, vacation accrual, the 401(k) plan, the pension plan and the related excess plans, LTD and accidental death and dismemberment and business travel and accident insurance) will terminate upon the termination
of your employment except to the extent otherwise expressly provided in such plans or programs and subject to any vested rights you may have under the terms of such plans or programs. The foregoing will not apply to the Amended and Restated 1999
Long-Term Management Incentive Plan or the 2004 Long-Term Management Incentive Plan (together the “LTMIP”) and, after the termination of your employment, your rights under the LTMIP will be governed by the terms of the LTMIP option
agreements or restricted stock agreements and the applicable LTMIP plans together with Paragraph 8(b)(iii).
	 	

 6. No Other Changes. No other terms or provisions of the Agreement are changed or amended
by this Second Amendment except as expressly provided above and no rights with respect to the Agreement are waived hereby by either party thereto. 

 If the foregoing correctly sets forth our understanding, please sign, date and return all four
(4) copies of this Second Amendment to the undersigned for execution on behalf of Blockbuster; after this amendment has been executed by Blockbuster and a fully-executed copy returned to you, it shall constitute a binding amendment to the
Agreement. 
  

	
	Very truly yours,
	
	BLOCKBUSTER INC.
	
	 /s/ John F. Antioco

	John F. Antioco
	Chairman and Chief Executive Officer

  

			
	ACCEPTED AND AGREED:
	
	 /s/ Larry J. Zine

	Larry J. Zine

			
		
	Dated:	 	 June 19, 2007

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