Document:

exv10w2

Exhibit 10.2

Berggruen Acquisition Holdings Ltd.

1114 Avenue of the Americas

New York, New York 10036

and

Marlin Equities II, LLC

555 Theodore Fremd Avenue

Suite B-302

Rye, New York 10580

Liberty Acquisition Holdings Corp.

1114 Avenue of the Americas, 41st Floor

New York, New York 10036

Date: August 4, 2010

RE: Amended and Restated Securities Surrender Agreement

Gentlemen:

Reference is made to (i) the Amended and Restated Business Combination Agreement, dated as of
August 4, 2010 (the “Business Combination Agreement”), by and among Liberty Acquisition
Holdings Corp. (“Liberty”), Liberty Acquisition Holdings Virginia, Inc. and Promotora de
Informaciones, S.A. (“Prisa”) and (ii) the Securities Surrender Agreement, dated as of May
7, 2010 (the “Original Securities Surrender Agreement”), by and among Liberty, Berggruen
Acquisition Holdings Ltd. and Marlin Equities II, LLC. Unless otherwise defined herein,
capitalized terms are used herein as defined in the Business Combination Agreement (or if
applicable, the Further Amended Business Combination Agreement (as defined below)).

Pursuant to Section 9.19 of the Business Combination Agreement, immediately prior to the
Reincorporation Effective Time, Liberty shall purchase from the Sponsors:

     (i) an aggregate of 2,796,000 shares of Liberty Common Stock and 24,771,900 Liberty Warrants
for an aggregate purchase price of $775.00 (the “Minimum Acquisition”); and

     (ii) an aggregate of an additional 2,600,000 shares of Liberty Common Stock for an aggregate
purchase price of $260.00 if the provisions of Section 3.5(c)(iv)(C) of the Business Combination
Agreement (or, if applicable, the Further Amended Business Combination Agreement) shall be
applicable (the “First Conditional Acquisition”).

If on or after the date hereof, pursuant to Section 9.22 of the Business Combination Agreement, the
provisions of the amendment to the Business Combination Agreement set forth in Schedule III thereto
becomes operative (as further amended by such amendment, the “Further Amended Business
Combination Agreement”), then pursuant to Section 9.19 of the Further Amended Business
Combination Agreement, immediately prior to the Reincorporation Effective Time, Liberty shall
purchase from the Sponsors either an additional (x) 500,000 shares of Liberty Common Stock for an
aggregate purchase price of $50.00 if the provisions of Section 3.5(f)(i) or Section 3.5(f)(ii)(C)
of the Further Amended Business Combination Agreement shall be applicable or (y) 1,000,000 shares
of Liberty Common Stock for an aggregate purchase price of $100.00 if the provisions of Sections
3.5(f)(ii)(D) of the Further Amended Business Combination Agreement shall be applicable (either
acquisition, the “Second Conditional Acquisition”).

 

 

Pursuant to Section 10.3(i) of the Business Combination Agreement (or, if applicable, the Further
Amended Business Combination Agreement), it is a condition precedent to the obligations of Prisa
that Liberty shall have completed the Minimum Acquisition (and if the requisite conditions are
satisfied, the First Conditional Acquisition and the Second Conditional Acquisition).

To that end, each Sponsor hereby agrees to sell to Liberty, and Liberty hereby agrees to purchase,
an aggregate of 1,398,000 shares of Liberty Common Stock and 12,385,950 Liberty Warrants for a
total purchase price to each Sponsor of $387.50; provided, however, that each Sponsor
hereby further agrees to sell to Liberty, and Liberty hereby further agrees to purchase: (i) an
aggregate of 1,300,000 additional shares of Liberty Common Stock for a total purchase price to each
Sponsor of $130.00 if the provisions of Section 3.5(c)(iv)(C) of the Business Combination Agreement
or the Further Amended Business Combination Agreement shall be applicable and (ii) either an
additional (x) 250,000 shares of Liberty Common Stock for an aggregate purchase price of $25.00 if
the provisions of Section 3.5(f)(i) or Section 3.5(f)(ii)(C) of the Further Amended Business
Combination Agreement shall be applicable or (y) 500,000 shares of Liberty Common Stock for an
aggregate purchase price of $50.00 if the provisions Sections 3.5(f)(ii)(D) of the Further Amended
Business Combination Agreement shall be applicable. The foregoing sale(s) and purchase(s) shall
take place immediately prior to the Reincorporation Effective Time (and in all events after the
vote at the Liberty Stockholder Meeting).

Each of the parties hereto agrees that Prisa is intended to be, and shall be, a third party
beneficiary under this letter agreement and shall be entitled to directly enforce Liberty’s rights
hereunder.

The obligations of the parties hereunder shall terminate if the Business Combination Agreement
shall be terminated for any reason (other than the failure of the condition specified in Section
10.3(h) of the Business Combination Agreement or Further Amended Business Combination Agreement).

Each of the parties hereto acknowledges and agrees that this Amended and Restated Securities
Surrender Agreement shall supersede the Original Securities Surrender Agreement in its entirety and
the Original Securities Surrender Agreement shall be of no further force and effect.

-signature page to follow-

 

 

Please acknowledge your agreement with the foregoing by executing this letter in the space provided
below.

	 	 	 	 	 
	 	Yours faithfully,

Berggruen Acquisition Holdings Ltd

 	 
	 	By:  	/S/ Jared Bluestein
 	 
	 	 	Name:  	Jared Bluestein 	 
	 	 	Title:  	Secretary 	 
	 
	 	Marlin Equities II, LLC

 	 
	 	By:  	/S/ Martin E. Franklin
 	 
	 	 	Name:  	Martin E. Franklin 	 
	 	 	Title:  	Managing Member 	 
	 

	 	 	 	 	 
	Acknowledged and Agreed:

Liberty Acquisition Holdings Corp.

 	 
	By:  	/S/ Jared Bluestein
 	 
	 	Name:  	Jared Bluestein 	 
	 	Title:  	Secretary 	 
	 

[Amended and Restated Securities Surrender Agreement]exv10w3

Exhibit 10.3

Liberty Acquisition Holdings Corp.

1114 Avenue of the Americas

41st Floor

New York, New York 10036

August 4, 2010

Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

Barclays Capital Inc.

745 Seventh Ave

New York, NY 10019

Re: Amended and Restated Deferred Discount Reduction

Ladies and Gentlemen:

     Reference is made to the following agreements:

	 	(i)	 	the Underwriting Agreement, dated as of December 6, 2007 (the “Underwriting
Agreement”), between Liberty Acquisition Holdings Corp. (the “Company”) and
Citigroup Global Markets Inc. (“Citi”), as Representative on behalf of the several
underwriters named in Schedule I thereto (the “Underwriters”);
	 
	 	(ii)	 	the Amended and Restated Business Combination Agreement, dated as of August 4, 2010 (as
may be further amended from time to time, the “Business Combination Agreement”),
between the Company, Liberty Acquisition Holdings Virginia, Inc. and Promotora de
Informaciones, S.A.;
	 
	 	(iii)	 	the Amended and Restated Securities Surrender Agreement (the “Surrender
Agreement”), dated as of August 4, 2010, among the Company, Berggruen Holdings and
Marlin Equities; and
	 
	 	(iv)	 	the Letter Agreement between the Company and the Underwriters dated May 7, 2010
reducing the Deferred Discount payable under the Underwriting Agreement (the “Original
Deferred Discount Reduction Letter Agreement”).

     Capitalized terms used but not defined herein shall have the meaning set forth in the
Underwriting Agreement.

     As you are aware, pursuant to the Surrender Agreement, the Company has agreed to acquire
from the Sponsors not less than 2,796,000 shares of the Company’s Common Stock and 24,771,900
Liberty Warrants (as defined in the Business Combination Agreement) (such acquisition being
referred to herein as the “Minimum Acquisition”) for an aggregate purchase price of
$775, effective immediately prior to the closing of the transactions contemplated by the
Business Combination Agreement.

 

 

     In light of the foregoing, and notwithstanding anything set forth in the Underwriting
Agreement or the Original Deferred Discount Letter Agreement, and subject to the consummation of
the Minimum Acquisition at the purchase price set forth herein, each of the Underwriters agrees
that in the event that the Deferred Discount becomes payable from the Trust Account upon the
Company’s consummation of the transactions contemplated by the Business Combination Agreement, such
aggregate Deferred Discount shall be reduced by $6,856,875 (from $27,427,500) to $20,570,625.

     Each of the undersigned represents and warrants that the undersigned are the only parties
entitled to a portion of the Deferred Discount and thereby are the parties authorized to agree to
the aforementioned reduction to the Deferred Discount. Each of the undersigned acknowledges that
the undersigned are making the foregoing amendment in consideration of efforts that are being
expended by the Company in pursuing a Business Combination and further acknowledges that the
Company is pursuing the structuring of such Business Combination in reliance on this letter
agreement. This letter agreement shall be null and void if the Minimum Acquisition is not
consummated in accordance with the terms and provisions of the Surrender Agreement. This letter
agreement sets forth the entire agreement with respect to the Deferred Discount and may only be
amended by a writing signed by the Company and the Underwriters.

     Each of the parties hereto acknowledges and agrees that this Amended and Restated Deferred
Discount Reduction Letter Agreement shall supersede the Original Deferred Discount Reduction Letter
Agreement in its entirety and the Original Deferred Discount Reduction Letter Agreement shall be of
no further force and effect.

[Signature Page to Follow]

2

 

	 	 	 	 	 
	 	LIBERTY ACQUISITION HOLDINGS CORP.

 	 
	 	By:  	/S/ Jared Bluestein
 	 
	 	 	Name:  	Jared Bluestein 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	Agreed to and Acknowledged:

CITIGROUP GLOBAL MARKETS INC.

 	 
	By:  	/S/ Gerrit B. Parker, Jr.
 	 
	 	Name:  	Gerrit B. Parker, Jr. 	 
	 	Title:  	Managing Director 	 
	 
	BARCLAYS CAPITAL INC. (as successor to Lehman Brothers)

 	 
	By:  	/S/ John M. Welsh
 	 
	 	Name:  	John M. Welsh 	 
	 	Title:  	Managing Director 	 
	 

[Signature Page to Deferred Discount Amendment Letter]

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