Document:

Exhibit 10.1

Exhibit 10.1

AMENDMENT TO

RESTRICTED STOCK
OPTION AWARD AGREEMENT

This Amendment to
Restricted Stock Option Award Agreement (this “Amendment”) is made
by and between First Franklin Corporation (the “Company”) and John
J. Kuntz (the “Executive”) as of this 12th day of October, 2010.

WHEREAS, the
Company previously granted the Executive an award of stock options
(“Options”) pursuant to a Restricted Stock Option Award Agreement
dated as of April 16, 2010 (the “Award Agreement”); and

WHEREAS, except for
the “Effective Date Shares” (as defined in the Award Agreement),
the shares subject to the Option may become exercisable on each of
March 31, 2011, March 31, 2012 and March 31, 2013 (each a
“Vesting Date”) provided both that the Company maintains a
predetermined average per share closing price and that the Executive remains
employed on the applicable Vesting Date; and

WHEREAS, the
Company intended for the Executive to be required to exercise the Option with
respect to any shares that become exercisable on a Vesting Date in accordance
with the requirements of Section 409A of the Internal Revenue Code of
1986, as amended; and

WHEREAS, the
Company and the Executive each desire to amend the Award Agreement to clarify
the provisions with respect to exercise thereof;

NOW, THEREFORE, in
consideration of the foregoing, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereby amend the Award Agreement by deleting Section 4.1 thereof and
substituting the following therefor:

	 	4.1	 	
Any portion of the Option that becomes
exercisable in accordance with the schedule set forth above must be exercised
within ninety (90) days following the date that such portion of the Option
becomes exercisable. If the exercisable portion of the Option is not exercised
within such ninety (90) day period, the Option will be canceled with
respect to the number of  shares underlying the portion of the Option that
was not exercised.

	 

IN WITNESS WHEREOF,
the parties have executed, or caused to be executed by their duly authorized
representatives, this Amendment effective as of the date first set forth above.

	 	 	 	 	 	 	 
	FIRST FRANKLIN CORPORATION	 	 	 	JOHN J. KUNTZ
	 	 	 	 	 
	
By: 

	 	/s/ Daniel T.
Voelpel           	 	  	 	/s/ John J.
Kuntz                                 
	
 

	 	 
	 	 	 	 
	 	 	 	 	 
	
Its: 

	 	Vice
President                 
	 	 	 	 
	
 

	 	 
	 	 	 	 

 

5Exhibit 10.2

Exhibit 10.2

AMENDMENT TO EMPLOYMENT
AGREEMENT

This Amendment to
Employment Agreement (this “Amendment”) is made as of this 12th day of October, 2010
by and between The Franklin Savings and Loan Company (“EMPLOYER”)
and Thomas H. Siemers (the “EMPLOYEE”).

WHEREAS, the
EMPLOYEE and the EMPLOYER previously entered into an Employment Agreement
effective as of October 23, 2000, as amended (“Agreement”); and

WHEREAS, the
EMPLOYER and the EMPLOYEE most recently extended the Employment Term (as
defined in the Agreement) pursuant to an Employment Agreement extension dated
May 13, 2009; and

WHEREAS, the
EMPLOYER and the EMPLOYEE have previously agreed to certain changes in the
Employee’s compensation, titles and job responsibilities and desire to
amend the Agreement to memorialize such changes, as set forth herein;

NOW, THEREFORE, in
consideration of the foregoing, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereby amend the Agreement as follows:

	1.	 	The Agreement is hereby amended by deleting
the words “President and Chief Executive Officer” each place they
appear and substituting the words “Special Advisor to the Board”
therefor.

	2.	 	Section 2(a) of the Agreement is hereby
deleted in its entirety and the following is substituted therefor:

The EMPLOYEE shall do all such things and perform such duties
as the BOARD may direct, or as the executive officers of the EMPLOYER at the
direction or with the approval of the BOARD may direct.

	3.	 	All references in Section 3(a) of the
Agreement to $208,000 are hereby deleted in their entirety replaced with
$89,000.

	4.	 	Sections 4(a)(i) and (ii) of the
Agreement are hereby deleted in their entirety and the following is substituted
therefor:

The EMPLOYER shall promptly pay to the EMPLOYEE or to his
beneficiaries, dependents or estate an amount equal to the product of three
multiplied by $89,000.

[signature page attached]

 

6

 

	 	 	 
	
THE FRANKLIN SAVINGS AND LOAN

COMPANY

	 	THOMAS H. SIEMERS
	 	 	/s/ Thomas H.
Siemers
	
By: /s/ Daniel T.
Voelpel              

	 	
 

	
 

	 	 
	
Name: Daniel T.
Voelpel              

	 	 
	
 

	 	 
	
Its: Senior Vice
President              

	 	 
	
 

	 	 

 

7exv4w1

Exhibit 4.1

GLG PARTNERS, INC., as Company

THE BANK OF NEW YORK MELLON, as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of

October 14, 2010

to

INDENTURE

Dated as of

May 15, 2009

5.00% Dollar-Denominated Convertible Subordinated Notes due May 15, 2014

 

 

FIRST SUPPLEMENTAL INDENTURE

     FIRST SUPPLEMENTAL INDENTURE, dated as of October 14, 2010, between GLG Partners, Inc., a
Delaware corporation (the “Company”), having its principal executive office at 399 Park Avenue,
38th Floor, New York, New York, 10022, and The Bank of New York Mellon, as trustee hereunder (the
“Trustee”).

WITNESSETH

     WHEREAS, the Company and the Trustee have heretofore entered into that certain Indenture,
dated as of May 15, 2009 (the “Indenture”), pursuant to which the Company issued $228,500,000
aggregate principal amount of its 5.00% Dollar-Denominated Convertible Subordinated Notes due May
15, 2014 (the “Notes”), all of which remain outstanding as of the date hereof;

     WHEREAS, the Notes have not been registered with the SEC, and the Indenture has not been
qualified pursuant to the Trust Indenture Act;

     WHEREAS, the Company is party to that certain Agreement and Plan of Merger dated as of May 17,
2010, as amended by Amendment No. 1 thereto, dated as of August 19, 2010 (the “Merger Agreement”),
among Man Group plc, a public limited company existing under the laws of England and Wales
(“Parent”), Escalator Sub 1 Inc., a Delaware corporation and a wholly owned subsidiary of Parent
(“Merger Sub”), and the Company, pursuant to which Merger Sub will merge with and into the Company,
with the Company continuing as the surviving corporation (the “Merger”) and each issued and
outstanding share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
will be converted into the right to receive $4.50 in cash, without interest (the “Merger
Consideration”);

     WHEREAS, Section 10.01 of the Indenture permits the Company to merge with and into another
Person so long as certain conditions have been met;

     WHEREAS, Section 13.05(o) of the Indenture provides, among other things, that in the case of
any merger of the Company with another Person as a result of which holders of Common Stock are
entitled to receive cash, securities or other property or assets (“Reference Property”) with
respect to or in exchange for such Common Stock, the Company or the successor or purchasing Person,
as the case may be, shall execute with the Company and the Trustee a supplemental indenture
providing for the conversion of the Notes as set forth in the Indenture into the Reference
Property;

     WHEREAS, Section 9.01(j) of the Indenture provides that the Company and the Trustee may enter
into supplemental indentures without the consent of any Holder to make provision with respect to
matters arising under the Indenture that do not adversely affect the interests of the Holders of
any Notes then outstanding in any material respect; and

     WHEREAS, all other acts and proceedings required by law and conditions precedent required by
the Indenture to be met and which are necessary to authorize the execution and

 

 

delivery of this First Supplemental Indenture and to make this First Supplemental Indenture a
valid and binding agreement for the purposes expressed herein, in accordance with its terms, have
been complied with or have been done or performed;

     NOW, THEREFORE, for and in consideration of the premises, it is mutually covenanted and
agreed, for the equal and ratable benefit of the Holders, as follows:

ARTICLE 1

DEFINITIONS

     Section 1.01. Definitions. Each capitalized term used herein and not otherwise defined herein
shall have the meaning attributed thereto in the Indenture.

ARTICLE 2

CONVERSION OF NOTES

     Section 2.01. Conversion of Notes. Pursuant to Section 13.05(o) of the Indenture, from and
after the effective time of the Merger, and subject to and upon compliance with the provisions of
the Indenture, each $1,000 principal amount of Notes shall be, at the option of a Holder thereof,
convertible into the amount of cash equal to the Merger Consideration multiplied by the Applicable
Conversion Rate. The adjustments provided for in Section 13.05 of the Indenture shall apply as
nearly equivalent as may be practical as those that applied immediately prior to the Merger.

ARTICLE 3

CONCERNING THE TRUSTEE

     Section 3.01. Trustee’s Acceptance. The Trustee hereby accepts this First Supplemental
Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture.

     Section 3.02. Responsibility for Recitals, etc. The Trustee assumes no responsibility for the
correctness of the recitals herein contained, which shall be taken as the statements of the
Company. The Trustee makes no representation and shall have no responsibility as to the validity
or sufficiency of this First Supplemental Indenture.

     Section 3.03. Indemnification. The Company agrees to indemnify the Trustee (which for
purposes hereof shall be deemed to include its officers, directors, employees and agents) for any
loss, claim or expense of any kind arising out of or in connection with entering into this First
Supplemental Indenture, the Merger and the conversion of Notes in connection therewith and the
Merger Consideration to the same extent as provided under the Indenture.

2

 

ARTICLE 4

MISCELLANEOUS

     Section 4.01. Effectiveness. Notwithstanding anything contained in this First Supplemental
Indenture to the contrary, none of the provisions of this First Supplemental Indenture will become
effective or be of any force or effect until the effective time of the Merger.

     Section 4.02. Execution of First Supplemental Indenture. This First Supplemental Indenture is
executed and shall be construed as an indenture supplemental to the Indenture and, as provided in
the Indenture, this First Supplemental Indenture forms a part thereof. The Indenture, as
supplemented and amended by this First Supplemental Indenture, is in all respects hereby adopted,
ratified and confirmed.

     Section 4.03. Conflict with Trust Indenture Act. If any provision of this First Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act that is
required under the Trust Indenture Act to be part of and govern any provision of this First
Supplemental Indenture, the provision of the Trust Indenture Act shall control. If any provision
of this First Supplemental Indenture modifies or excludes any provision of the Trust Indenture Act
that may be so modified or excluded, the provision of the Trust Indenture Act shall be deemed to
apply to the Indenture as so modified or to be excluded by this First Supplemental Indenture, as
the case may be.

     Section 4.04. Governing Law. This First Supplemental Indenture shall be governed by, and
construed in accordance with, the laws of the State of New York.

     Section 4.05. Execution in Counterparts. This First Supplemental Indenture may be executed in
any number of counterparts, each of which shall be an original but such counterparts shall together
constitute but one and the same instrument.

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed.

	 	 	 	 	 
	 	GLG PARTNERS, INC.

 	 
	 	By:  	/s/ Alejandro R. San Miguel
 	 
	 	 	Name:  	Alejandro R. San Miguel 	 
	 	 	Title:  	General Counsel and

Corporate Secretary 	 
	 
	 	THE BANK OF NEW YORK MELLON,

as Trustee

 	 
	 	By:  	/s/ Noora Pahkala
 	 
	 	 	Name:  	Noora Pahkala 	 
	 	 	Title:  	Senior Associate 	 
	 

[Signature Page to First Supplemental Indenture]

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