Document:

Amendment #1 to Credit Agreement dated 12/05/2002

  
 Exhibit 10.20 
  
  
 AMENDMENT No. 1 dated as of December 5, 2002 (this “Amendment”), to the Credit Agreement dated as of May 13, 2002 (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SEAGATE TECHNOLOGY HOLDINGS, an exempted limited liability company organized under the laws of the Cayman Islands (“Intermediate
Holdings”), SEAGATE TECHNOLOGY HDD HOLDINGS, an exempted limited liability company organized under the laws of the Cayman Islands (the “Cayman Borrower”), SEAGATE TECHNOLOGY (US) HOLDINGS, INC., a Delaware corporation (the
“U.S. Borrower”), the Lenders party thereto and JPMORGAN CHASE BANK, as Administrative Agent. 
  
 A.    The Borrower has requested that the Lenders agree to amend certain provisions of the Credit Agreement as set forth herein. 
  
 B.    The undersigned Lenders are willing so to amend the Credit Agreement pursuant to the terms and subject to the conditions set forth herein.

  
 C.    Capitalized terms used and not otherwise defined herein shall have the meanings
assigned thereto in the Credit Agreement. 
  
 SECTION 1.    Amendments to Section
6.08(a).    Section 6.08(a) of the Credit Agreement is hereby amended by (i) deleting the word “and” at the end of clause “(viii)” and (ii) inserting the following new clause “(x)” after clause
“(ix)” in such section: 
  
 and (x) following an IPO of Intermediate Holdings, the U.S. Borrower and STI
may make distributions to the Cayman Borrower and the Cayman Borrower may make distributions to Intermediate Holdings, in each case in amounts necessary to permit Intermediate Holdings to pay validly declared, regularly scheduled quarterly dividends
to its shareholders on a pro rata basis (each such dividend, an “Intermediate Holdings Dividend”), provided that after giving effect to each Intermediate Holdings Dividend, (A) no default or event of default
shall have occurred and be continuing under the Senior Note Documents as in effect on December 5, 2002, (B) no Default shall have occurred and be continuing and (C) for so long as any Term Loans are outstanding, if the amount of all Intermediate
Holdings Dividends during any period of four consecutive fiscal quarters would exceed $80,000,000 (such excess amount, the “Excess Dividend”), the Borrowers shall, at the time of the Intermediate Holdings Dividend giving rise to the
Excess Dividend, prepay Term Loans in accordance with Section 2.11(d) and (e) in an amount equal to the product of (x) such Excess Dividend and (y) ten; 
  
 SECTION 2.    Representations and Warranties.    Each of Intermediate Holdings and Borrowers represents and warrants to the Administrative Agent and to
each of the Lenders that: 
  
 (a) This Amendment has been duly authorized, executed and delivered by it and
constitutes a legal, valid and binding obligation of such party hereto, enforceable against it in accordance with its terms. 

  
 (b) After giving effect to this Amendment, the representations and warranties set
forth in Article III of the Credit Agreement are true and correct in all material respects on and as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly
relate to an earlier date. 
  
 (c) After giving effect to this Amendment, no Event of Default or Default has occurred
and is continuing. 
  
 SECTION 3.    Amendment Fee.    In
consideration of the agreements of the Lenders contained in this Amendment, the Borrower agrees to pay to the Administrative Agent, for the account of each Lender that delivers an executed counterpart of this Amendment prior to 5:00 p.m., New York
City time, on December 5, 2002, an amendment fee (the “Amendment Fee”) of 37.5 basis points on the aggregate amount of the Revolving Exposure, Term Loans and unused Commitments of such Lender. 
  
 SECTION 4.    Conditions to Effectiveness.    This Amendment shall become effective as of
December 5, 2002, when (a) the Administrative Agent shall have received (i) counterparts of this Amendment that, when taken together, bear the signatures of Intermediate Holdings, the Borrowers and the Required Lenders and (ii) the Amendment Fee,
(b) the representations and warranties set forth in Section 2 hereof are true and correct, (c) all fees and expenses required to be paid or reimbursed by the Borrowers pursuant hereto, the Credit Agreement or otherwise, including all invoiced fees
and expenses of counsel to the Administrative Agent, shall have been paid or reimbursed, as applicable and (d) the IPO of Intermediate Holdings shall have occurred; provided, however, that this Amendment shall not become effective if
the condition set forth in this clause (d) shall not have occurred on or prior to March 31, 2003. 
  
 SECTION
5.    Credit Agreement.    Except as specifically amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof as in existence on the date
hereof. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement as amended hereby. This Amendment shall be a Loan Document for all purposes. 
  
 SECTION 6.    Applicable Law.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
  
 SECTION 7.    Counterparts.    This
Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one agreement. Delivery of an executed signature page to this Amendment by facsimile
transmission shall be effective as delivery of a manually signed counterpart of this Amendment. 
  
 SECTION
8.    Expenses.    The Borrower agrees to reimburse the Administrative Agent for its out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of
Cravath, Swaine & Moore, counsel for the Administrative Agent. 
  
 SECTION
9.    Headings.    The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 

 
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized officers as of the day and year first written above. 
  
  
 
	 SEAGATE TECHNOLOGY HOLDINGS,
 
	 
	 By:
 	 	  
 

	  	 	 Name:
 
	  	 	 Title:
 

 
  
  
  
  
 
	 SEAGATE TECHNOLOGY HDD HOLDINGS,
 
	 
	 By:
 	 	  
 

	  	 	 Name:
 
	  	 	 Title:
 

 
  
  
  
  
 
	 SEAGATE TECHNOLOGY (US) HOLDINGS, INC.,
 
	 
	 By:
 	 	  
 

	  	 	 Name:
 
	  	 	 Title:
 

 
  
  
  
  
 
	 JPMORGAN CHASE BANK, individually and as Administrative Agent,
 
	 
	 By:
 	 	  
 

	  	 	 Name:
 
	  	 	 Title:
 

 

 
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 SIGNATURE PAGE TO AMENDMENT, 
 DATED AS OF December     , 2002 
  
  
  
  
 To Approve the Amendment: 
  
  
 
	 
	 Name of Institution
 	 	  
 

	  	 	 By:
 	 	  
  
 

	  	 	  	 	 Name:
 
	  	 	  	 	 Title:
 

 

 
 4Certificate of Amendment of Amended & Restated

  
 EXHIBIT 4.1 
  
 CERTIFICATE OF AMENDMENT 
 OF 
 AMENDED AND RESTATED CERTIFICATE OF INCORPORATION 
 OF 
 COLLECTORS UNIVERSE, INC., 
 a Delaware corporation 
  
 Pursuant to Section 242 of the 
 General Corporation Law of the State of Delaware 
  
 It is hereby certified that: 
  
 1.    The present name of the corporation (hereinafter called the “Corporation”) is Collectors Universe, Inc., which is the name under which the Corporation was originally
incorporated; the original Certificate of Incorporation of the Corporation was filed with the Secretary of State on February 3, 1999; and an Amended and Restated Certificate of Incorporation of the Corporation was filed with the Secretary of State
on November 9, 1999. 
  
 2.    The Board of Directors of the Corporation, at a duly called and
noticed meeting held December 4, 2002, duly adopted resolutions setting forth a proposed amendment to the Amended and Restated Certificate of Incorporation of the Corporation, declaring said amendment to be advisable. The resolution setting forth
the proposed amendment is as follows: 
  
 “WHEREAS, it is deemed to be in the best interests of
this Corporation and its stockholders that this Corporation’s Amended and Restated Certificate of Incorporation be amended to effectuate a reverse stock split by which each outstanding share of this Corporation’s Common Stock shall be
combined and converted into one quarter (1/4th) of a share of Common Stock of this Corporation (the “Reverse Stock Split”). 
  
 “NOW, THEREFORE, BE IT RESOLVED, that Article 4 of the Amended and Restated Certificate of Incorporation of this Corporation is hereby amended by adding the following paragraph as the last
paragraph of Article 4: 
  
 “Upon the filing of this Certificate of Amendment of Amended and
Restated Certificate of Incorporation (the “Effective Time”), each outstanding share of Common Stock of the Corporation which is issued and outstanding immediately prior to the Effective Time shall be converted, without any action on the
part of the holders thereof, into one quarter (1/4th) of a share of Common Stock of the Corporation, except that any holder of Common Stock of this Corporation that would otherwise be entitled to receive a fraction of one share of Common Stock as a
result of this combination of the outstanding shares of Common Stock shall, in lieu of such fraction of a share, receive a cash payment therefor in an amount equal to the product realized from multiplying that fraction by the average of the bid
prices of the Corporation’s Common Stock for the five trading days immediately preceding the Effective Time, as reported by NASDAQ (adjusted for this combination).” 
  
 3.    The foregoing amendment of the Amended and Restated Certificate of Incorporation was duly adopted by the stockholders of the Corporation at the
Annual Meeting of Stockholders held on December 4, 2002, in accordance with the applicable provisions of Sections 211 and 242 of the General Corporation Law of the State of Delaware. 

  
 4.    That foregoing amendment of the Amended and Restated
Certificate of Incorporation was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Delaware. 
  
 IN WITNESS WHEREOF, COLLECTORS UNIVERSE, INC. has caused this Certificate of Amendment to be signed by Roger W. Johnson, its duly authorized Chief Executive Officer, and attested by Michael J. Lewis,
its duly authorized Chief Financial Officer and Secretary, this 4th day of December 2002. 
  
 
	 COLLECTORS UNIVERSE, INC.,
 a Delaware corporation
 
	 
	 By:
 	 	 /s/    ROGER W.
JOHNSON        
 

	  	 	 Roger W. Johnson, Chief Executive Officer
 

 
  
 ATTEST: 
  
 
	 
	 By:
 	 	 /s/    MICHAEL J.
LEWIS        
 

	  	 	 Michael J. Lewis,
 Chief Financial Officer and Secretary
 

 

 
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