Document:

exv10w1

 

Exhibit 10.1

Summary of the Sale & Purchase Agreement

The structure of the Sale and Purchase Agreement (the “Agreement”) is such that Sun New Media
Inc. (“SNMI”) will transfer assets into Sun TV Shop Ltd (the “Target Company”), a BVI company, and
then sell its ownership in the Target Company to Sun TV Shop PLC (the “Purchaser”), an AIM-listed
company.

	1.	 	At the time of the execution of the Agreement, SNMI holds 25 shares, or a 5.5% stake in the
Target Company.

	2.	 	In consideration for the sale of 25 shares in the Target Company, SNMI will receive
32,633,233 new-issued common stock of the Purchaser.

	3.	 	One of the conditions precedent to the Agreement is that SNMI shall transfer its assets into
the legal ownership or control of the Target Company. SNMI shall then transfer its ownership
of the Target Company to the Purchaser before the completion of the Agreement.

	4.	 	Other conditions precedent to the Agreement include:

	 	a)	 	The shares must be admitted to trading on the AIM;
	 
	 	b)	 	The execution and delivery of supplementary agreement and documents, including: the
Lock-in Agreement, the Master Transfer Agreement, the Process Agent Letter, the Escrow
Agreement, the Service Agreements, the Letters of Appointment, the New Media Contracts and
the Network Agreement; and
	 
	 	c)	 	There must be no material adverse change or breach of warranties;

	5.	 	Bruno Wu, Ricky Ang, and Matthew Burr will be appointed as Directors of the Board of the
Purchaser;
	 
	6.	 	According to a restrictive covenant clause in the Agreement, SNMI will be prohibited for one
year from engaging in any business/product that:

	 	a)	 	Uses an online “exchange” model except between media inventory/availability and media
products/services; and

	 	b)	 	Generates online advertising revenue (this restriction is not applicable to Global
Woman Multimedia)

	7.	 	All shares and warrants shall be escrowed in compliance with the Escrow Agreement between
SNMI and the Purchaser. 50% of the shares and warrants shall be escrowed on the first
anniversary of the Agreement, the remaining 50% on the Second Anniversary of the Agreement, if
no claims of the Purchaser arise according to the Agreements.

	8.	 	The Agreement is governed by English law.exv4w1

 

EXHIBIT 4.1

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (the “Amendment”), dated
effective as of June 30, 2006 is among EAGLE MATERIALS INC. (who was formerly Centex Construction
Products, Inc. and herein the “Borrower”), each lender party hereto who is shown as a
“Lender” on Attachment 1 hereto (individually a “Lender” and collectively the
“Lenders”), each lender party hereto who is listed on the signature pages hereto after the
heading “Departing Banks” (individually a “Departing Lender” and collectively the
“Departing Lenders”), JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank and
successor by merger to Bank One, N.A.), individually as a Lender and as administrative agent for
itself and the other lenders (in its capacity as administrative agent, the “Administrative
Agent”), Bank of America, N.A. and Branch Banking And Trust Company, as
“co-syndication agents” and Wells Fargo Bank, N.A. and Union Bank of California,
N.A., as “co-documentation agents”.

RECITALS:

     Borrower, certain lenders, and the Administrative Agent have entered into that certain Amended
and Restated Credit Agreement dated as of December 16, 2004 (as amended by that certain First
Amendment to Amended and Restated Credit Agreement dated as of January 4, 2005, that certain Second
Amendment to Amended and Restated Credit Agreement dated as of September 30, 2005, that certain
Third Amendment to Amended and Restated Credit Agreement dated as of December 15, 2005, and that
certain Fourth Amendment to Amended and Restated Credit Agreement dated as of March 20, 2006,
herein the “Agreement”). Since the execution and delivery of the Agreement, Illinois
Cement Company LLC and AG South Carolina LLC have been joined as Guarantors under the Subsidiary
Guaranty pursuant to Joinder Agreements, one dated May 26, 2005 for Illinois Cement Company LLC and
one dated November 14, 2005 for AG South Carolina LLC.

     No Departing Lender will be a “Lender” under the Agreement after the effective date of this
Amendment. No principal amounts are currently outstanding under the Agreement on the effective
date hereof.

     Borrower, the Administrative Agent, the Lenders and the Departing Lenders now desire to amend
the Agreement as herein set forth.

     NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows effective as of the date hereof:

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 1

 

 

ARTICLE 1.

Definitions

     ARTICLE 1.1. Definitions. Capitalized terms used in this Amendment, to the extent not
otherwise defined herein, shall have the same meanings as in the Agreement, as amended hereby.

ARTICLE 2.

Amendments

     ARTICLE 2.1. Amendment to Definition of the term “Applicable Rate”. The chart set
forth in the definition of the term “Applicable Rate” is amended in its entirety to read as
follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Eurodollar	 	 	 	 	 	Commitment
	 	 	Leverage Ratio	 	Spread	 	ABR Spread	 	Fee Rate
	 
	 	Category 1	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	<1.00 to 1.00	 	 	0.550	%	 	 	0.000	%	 	 	0.100	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Category 2	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	> 1.00 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	but	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	< 1.50 to 1.00	 	 	0.650	%	 	 	0.000	%	 	 	0.125	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Category 3	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	> 1.50 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	but	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	< 2.00 to 1.00	 	 	0.875	%	 	 	0.000	%	 	 	0.175	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Category 4	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	> 2.00 to 1.00	 	 	1.000	%	 	 	0.000	%	 	 	0.200	%

After giving effect to the change in the pricing chart set forth above, the Applicable Rate as of
the effective date hereof is the rate per annum opposite Category 1.

     ARTICLE 2.2. Amendment to Section 1.01. The definition of the term “Maturity
Date” set forth in Section 1.01 of the Agreement is amended in its entirety to read as follows:

     “Maturity Date” means June 30, 2011.

     ARTICLE 2.3. Amendment to Article VII. The last paragraph of Article VII of the
Agreement is amended in its entirety to read as follows:

     Bank of America, N.A. and Branch Banking and Trust Company have been designated
as “co-syndication agents” hereunder and Wells Fargo Bank, N.A. and Union Bank of
California, N.A. have been designated as “co-documentation agents” hereunder. No
such Lender is an agent for the Lenders and no such Lender shall have any obligation
hereunder, in each case, other than those existing in its capacity as a Lender.
Without limiting the foregoing, no such Lender shall have or deemed to have any
fiduciary relationship with or duty to any Lender.

     ARTICLE 2.4. Amendment to Schedule 2.01. Schedule 2.01 of the Agreement is amended in
its entirety to read as set forth on Attachment “1” hereto. As a result of such amendment, the
term “Lender” as used in the Agreement no longer includes the Departing Lenders. The Borrower
agrees that the Commitment of each Departing Lender in effect under the Agreement is terminated as
of the effective date hereof. Upon receipt by each Departing Lender of all amounts owed to it
under the Agreement as accrued through the effective date hereof, each Departing Lender agrees to
its removal from the Agreement effective as of the effective date hereof, agrees that it is no
longer a party to the Agreement as of the effective date hereof and

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 2

 

 

agrees that the Agreement may be further amended or otherwise modified without its consent or
agreement after the effective date hereof.

ARTICLE 3.

Conditions Precedent

     ARTICLE 3.1. Conditions. The effectiveness of Article 2 of this Amendment is subject
to the satisfaction of the following conditions precedent:

          (a) Each Lender whose Commitment amount has changed pursuant to this Amendment and who has
requested a promissory note under the terms of Section 2.09 of the Agreement prior to the effective
date hereof, shall have received a duly executed promissory note in the amount of its Commitment;

          (b) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization, existence
and good standing of the Borrower and the Guarantors, the authorization of the Transactions and any
other legal matters relating to the Borrower, the Guarantors, this Agreement or the Transactions,
all in form and substance reasonably satisfactory to the Administrative Agent and its counsel;

          (c) The Administrative Agent shall have received all interest and fees accrued under the
Agreement through the effective date hereof and all fees and other amounts due and payable by
Borrower on or prior to the effective date hereof under Section 4.5 of this Amendment and under the
Fee Letter between Borrower and Administrative Agent dated the date hereof, including, to the
extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed
or paid by the Borrower under the Agreement;

          (d) The representations and warranties contained herein and in the Agreement or any other
document contemplated thereby, as amended hereby, shall be true and correct in all material
respects as of the effective date hereof as if made on the date hereof, except for such
representations and warranties limited by their terms to a specific date; and

          (e) No Default shall exist as of the effective date hereof.

ARTICLE 4.

Miscellaneous

     ARTICLE 4.1. Ratifications. The terms and provisions set forth in this Amendment
modify and supersede all inconsistent terms and provisions set forth in the Agreement and except as
expressly modified and superseded by this Amendment, the terms and provisions of the Agreement and
the other Loan Documents are ratified and confirmed and shall continue in full force and effect.
Borrower, the Administrative Agent and the Lenders party hereto agree that the Agreement as amended
hereby and the other Loan Documents continue to be legal, valid, binding and enforceable in
accordance with their respective terms.

     ARTICLE 4.2. Representations and Warranties. Borrower represents and warrants to the
Administrative Agent and the Lenders as follows: (a) after giving effect to this Amendment, no
Default exists; and (b) after giving effect to this Amendment, the representations and warranties
set forth in the Loan Documents are true and correct in all material respects on and as of the
effective date hereof with the same effect as though made on and as of such date except with
respect to any representations and warranties limited by their terms to a specific date.

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 3

 

 

     ARTICLE 4.3. Survival of Representations and Warranties. All representations and
warranties made in this Amendment survive the execution and delivery of this Amendment, and no
investigation by the Administrative Agent or any Lender or any closing shall affect the
representations and warranties or the right of the Administrative Agent or any Lender to rely upon
them.

     ARTICLE 4.4. Reference to Agreement. Each of the Loan Documents, including the
Agreement and any and all other agreements, documents, or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Agreement as amended hereby,
are amended so that any reference in such Loan Documents to the Agreement means a reference to the
Agreement as amended hereby.

     ARTICLE 4.5. Expenses of Lender; Amendment Fee. As provided in the Agreement,
Borrower agrees to pay on demand all costs and expenses incurred by the Administrative Agent in
connection with the preparation, negotiation, and execution of this Amendment, including without
limitation, the costs and fees of Administrative Agent’s legal counsel. Borrower also agrees to
pay on June 30, 2006 to the Administrative Agent for the account of each Lender (but not to any
Departing Lender), an amendment fee equal to: (a) 2.0 basis points of the Commitment of such Lender
under the Agreement as determined before giving effect to this Amendment (the “Existing
Commitment”) and (b) 7.5 basis points on the difference between the Existing Commitment of such
Lender and the Commitment of such Lender under the Agreement after giving effect to this Amendment.

     ARTICLE 4.6. Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder
of this Amendment and the effect thereof shall be confined to the provision so held to be invalid
or unenforceable.

     ARTICLE 4.7. Applicable Law. This Amendment is be governed by and construed in
accordance with the laws of the State of Texas and the applicable laws of the United States of
America.

     ARTICLE 4.8. Successors and Assigns. This Amendment is binding upon and inures to the
benefit of the Administrative Agent, each Lender, each Departing Lender and Borrower and their
respective successors and assigns, except Borrower may not assign or transfer any of its rights or
obligations hereunder without the prior written consent of the Lenders. Any assignment in
violation of this Section shall be void.

     ARTICLE 4.9. Counterparts. This Amendment may be executed in one or more counterparts
and on telecopy counterparts, each of which when so executed shall be deemed to be an original, but
all of which when taken together shall constitute one and the same agreement.

     ARTICLE 4.10. Effect of Waiver. No consent or waiver, express or implied, by the
Administrative Agent or any Lender to or for any breach of or deviation from any covenant,
condition or duty by Borrower or any Guarantor shall be deemed a consent or waiver to or of any
other breach of the same or any other covenant, condition or duty.

     ARTICLE 4.11. Headings. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of this Amendment.

     ARTICLE 4.12. ENTIRE AGREEMENT. THIS AMENDMENT EMBODIES THE FINAL, ENTIRE AGREEMENT
AMONG THE PARTIES HERETO AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS
AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE
CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR
DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 4

 

 

     Executed as of the date first written above.

	 	 	 	 	 
	 	EAGLE MATERIALS INC. (formerly Centex Construction Products, Inc.)

 	 
	 	By:  	/s/ ARTHUR R. ZUNKER, JR.
 	 
	 	 	Arthur R. Zunker, Jr., 	 
	 	 	Senior Vice President — Finance and Treasurer 	 
	 
	 	JPMORGAN CHASE BANK, N.A.

(formerly known as JPMorgan Chase Bank and successor by merger to
Bank One, N.A.) individually and as Administrative Agent,

 	 
	 	By:  	/s/ DAVID L. HOWARD
 	 
	 	 	David L. Howard, Vice President 	 
	 	 	 	 
	 
	 	BRANCH BANKING AND TRUST COMPANY, 

individually and as a co-syndication agent

 	 
	 	By:  	/s/ TROY R. WEAVER
 	 
	 	 	Name:  	Troy R. Weaver 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BANK OF AMERICA, N.A., individually and as a co-syndication agent
 
	 
	 	By:  	/s/ MICHAEL F. MURRAY
 	 
	 	 	Name:  	Michael F. Murray 	 
	 	 	Title:  	Vice President 	 
	 
	 	UNION BANK OF CALIFORNIA, N.A., individually and
as a co-documentation agent

 	 
	 	By:  	/s/ ALBERT W. KELLEY
 	 
	 	 	Name:  	Albert W. Kelley 	 
	 	 	Title:  	Vice President 	 
	 
	 	WELLS FARGO BANK, N.A., individually and as a co-documentation agent

 	 
	 	By:  	/s/ LANCE REYNOLDS
 	 
	 	 	Name:  	Lance Reynolds 	 
	 	 	Title:  	Vice President 	 
	 

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 5

 

 

	 	 	 	 	 
	 	PNC BANK, N.A.

 	 
	 	By:  	/s/ W. J. BOWNE
 	 
	 	 	Name:  	W. J. Bowne 	 
	 	 	Title:  	Managing Director 	 
	 
	 	BANK OF TEXAS, N.A.

 	 
	 	By:  	/s/ RYAN SUCHALA
 	 
	 	 	Name:  	Ryan Suchala 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE NORTHERN TRUST COMPANY

 	 
	 	By:  	/s/ CORY SCHUSTER
 	 
	 	 	Name:  	Cory Schuster 	 
	 	 	Title:  	Commercial Banking Officer 	 
	 
	 	COMERICA BANK

 	 
	 	By:  	/s/ MARK B. GROVER
 	 
	 	 	Name:  	Mark B. Grover 	 
	 	 	Title:  	First Vice President 	 
	 
	 	DEPARTING LENDERS:
	 
	 	
 	 
	 	
BNP PARIBAS
 	 
	 	
 	 
	 	By:  	/s/ DUANE HELKOWSKI
 	 
	 	 	Name:  	Duane Helkowski 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                 /s/ ANGELA B. ARNOLD
 	 
	 	 	Name:  	Angela B. Arnold 	 
	 	 	Title:  	Director 	 
	 
	 	SUNTRUST BANK

 	 
	 	By:  	/s/ HEIDI M. KHAMBATTA
 	 
	 	 	Name:  	Heidi M. Khambatta 	 
	 	 	Title:  	Director 	 
	 

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 6

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ CHRISTOPHER W. RUPP
 	 
	 	 	Name:  	Christopher W. Rupp 	 
	 	 	Title:  	Vice President 	 
	 

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 7

 

 

Guarantor Consent

Each of the undersigned Guarantors: (i) consents and agrees to this Amendment; and (ii) agrees
that the Subsidiary Guaranty shall remain in full force and effect and shall continue to be
the legal, valid and binding obligation of such Guarantor enforceable against it in accordance
with its terms.

	 	 	 	 	 
	 	GUARANTORS:	 
	 
	 	
AG SOUTH CAROLINA LLC

AMERICAN GYPSUM COMPANY

AMERICAN GYPSUM MARKETING COMPANY

CCP CEMENT COMPANY

CCP CONCRETE/AGGREGATES LLC

CCP GYPSUM COMPANY

CCP LAND COMPANY

CENTEX CEMENT CORPORATION

HOLLIS & EASTERN RAILROAD COMPANY LLC

ILLINOIS CEMENT COMPANY LLC

MATHEWS READYMIX LLC

M&W DRYWALL SUPPLY COMPANY

MOUNTAIN CEMENT COMPANY

NEVADA CEMENT COMPANY

REPUBLIC PAPERBOARD COMPANY LLC

TEXAS CEMENT COMPANY

WESTERN AGGREGATES LLC (formerly Western Aggregates, Inc.)

WESTERN CEMENT COMPANY OF CALIFORNIA 

 	 
	 	By:  	/s/ ARTHUR R. ZUNKER, JR.
 	 
	 	 	Arthur R. Zunker, Jr., Senior Vice
President —  Finance 
	 	 	and Treasurer of each Guarantor 	 
	 
	 	CENTEX MATERIALS LLC

TLCC GP LLC

 	 
	 	By:  	/s/ ARTHUR R. ZUNKER, JR.
 	 
	 	 	Arthur R. Zunker, Jr., Manager of the Guarantors listed 
	 	 	 	 
	 
	 	TLCC LP LLC

 	 
	 	By:  	/s/ JOSEPH P. SELLS
 	 
	 	 	Joseph P. Sells, Manager and Authorized Officer 	 
	 	 	 	 
	 

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, Page 8

 

 

ATTACHMENT 1

TO

FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

Lender and Commitments

	 	 	 	 	 
	Lender	 	Commitment
	JPMorgan Chase Bank, N.A.
	 	$	50,000,000	 
	Bank of America, N.A.
	 	$	50,000,000	 
	Union Bank of California, N.A.
	 	$	50,000,000	 
	Wells Fargo Bank, N.A.
	 	$	50,000,000	 
	Branch Banking and Trust Company
	 	$	45,000,000	 
	PNC Bank, N.A.
	 	$	35,000,000	 
	Comerica Bank
	 	$	30,000,000	 
	Bank of Texas, N.A.
	 	$	20,000,000	 
	The Northern Trust Company
	 	$	20,000,000	 
	Total
	 	$	350,000,000

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