Document:

EX-10.1:

 

Exhibit 10.1

	 	 	 	 	 	 	 
	 

	 	56 Top Gallant Road
	 	Telephone:
	 	+1-203-316-1111
	

	 	P.O. Box 10212
	 	Fax:
	 	+1-203-316-6300
	

	 	Stamford, CT 06904-2212	 	 	 	 
	

	 	USA	 	 	 	 
	

	 	gartner.com	 	 	 	 

March 28, 2005

VIA TELECOPY AND OVERNIGHT COURIER

META Group, Inc.

208 Harbor Drive

PO Box 120061

Stamford, CT 06912-0061

Attn: Mr. CD Hobbs and Mr. John Riley

Telecopier No.: (203) 359-8066

Telephone No.: (203) 973-6700

Heller Ehrman White & McAuliffe LLP

2775 Sand Hill Road

Menlo Park, CA 94025-7019

Attn: Jon E. Gavenman, Esq.

Telecopier No.: (650) 324-0638

Telephone No.: (650) 233-8539

Dear CD and John:

     This letter agreement is entered into in connection with the Agreement and Plan of Merger (the
"Merger Agreement”) by and among Gartner, Inc. (“Gartner”), Green Falcon, Inc. (“Merger Sub”) and
META Group, Inc. (“META”) dated as of December 26, 2004. Capitalized terms used in this letter
agreement but not defined herein shall have the meanings provided for in the Merger Agreement.

     Gartner and META hereby agree as follows:

     1. Notwithstanding anything to the contrary in the Merger Agreement, the Closing shall not
take place prior to 12:01 a.m. on April 1, 2005.

     2. By execution hereof, the undersigned John Riley, being the duly appointed and acting Senior
Vice President and Chief Financial Officer of META, does hereby represent, warrant and certify on
behalf of META as follows:

     (a) Except for Sections 3.3 and 3.8(b) and (c) of the Merger Agreement, the
representations and warranties of META contained in the Merger Agreement, disregarding all
qualifications and exceptions contained therein relating to materiality or Company Material
Adverse Effect or any similar standard or qualification, were true and correct on and as of
the date of the Merger Agreement and are true and correct on and as of the date hereof with
the same effect as though made on and as of the date hereof (except for representations and
warranties which address matters only as to a specified date, which representations and
warranties were true and correct with respect to such specified date), except where the
failure of such representations or warranties to be true and correct would not have, or
reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect.

     (b) The representations and warranties of META contained in Sections 3.3 and 3.8(b) and
(c) of the Merger Agreement, giving effect to all qualifications and exceptions contained
therein relating to materiality or Company Material Adverse Effect or any similar standard
or qualification, are true and correct in all respects as of the date hereof.

 

 

     (c) META has performed or complied in all material respects with all agreements and
covenants required by the Merger Agreement to be performed or complied with by it at or
prior to the date hereof.

     3. Effective as of the date hereof:

     (a) META hereby confirms that the conditions to the obligations of Gartner, Merger Sub
and META to effect the Merger set forth in Section 7.1(a) of the Merger Agreement
(Stockholder Approval) has been satisfied and, accordingly, Gartner acknowledges such
satisfaction;

     (b) Each of Gartner and META hereby confirms that the conditions to the obligations of
Gartner, Merger Sub and META to effect the Merger set forth in Section 7.1(b) of the Merger
Agreement (HSR Act) has been satisfied;

     (c) Gartner hereby waives and deems satisfied the conditions to the obligations of
Gartner and Merger Sub to effect the Merger set forth in Section 7.2(a) of the Merger
Agreement (Representations and Warranties);

     (d) Gartner represents to META that it is not aware of any failure of META to perform
or comply in all material respects with META’s agreements and covenants required by the
Merger Agreement to be performed or complied with by it at or prior to the date hereof such
that the conditions to the obligations of Gartner and Merger Sub to effect the Merger set
forth in Section 7.2(b) of the Merger Agreement (Agreements and Covenants) would not be
satisfied; and

     (e) Gartner hereby waives and deems satisfied the conditions to the obligations of
Gartner and Merger Sub to effect the Merger set forth in Section 7.2(f) of the Merger
Agreement (No Affiliate Agreements).

     4. Each of Gartner and META represents and warrants to the other that it has all necessary
power and authority to execute and deliver this letter agreement and to perform its obligations
hereunder, and that this letter agreement has been duly and validly executed and delivered by it
and constitutes the legal, valid and binding obligation of it, enforceable against it in accordance
with its terms.

     5. This letter agreement constitutes the entire agreement and supersedes all prior agreements
and understandings, both written and oral, among the parties with respect to the subject matter
hereof and is not intended to confer upon any person other than the parties hereto any rights or
remedies; provided that it is acknowledged and agreed that the Merger Agreement remains in full
force and effect except as otherwise contemplated hereby.

     6. This letter agreement shall be governed by, and construed in accordance with, the internal
laws of the State of Delaware, without regard to the conflict of law provisions thereof.

Page 2

 

 

Sincerely,

  /s/Eugene Hall                    

Eugene Hall

Chief Executive Officer

Gartner, Inc.

Acknowledged and Agreed:

	 	 	 
	 

	 	  /s/ John Riley                    
	

	 	John Riley
	

	 	Senior Vice President and Chief Financial
	

	 	Officer
	

	 	META Group, Inc.

Page 3EX-10.2

 

EXHIBIT 10.2

DIRECTOR INDEMNIFICATION AGREEMENT

     This DIRECTOR INDEMNIFICATION AGREEMENT (the “Agreement”) made and entered into this ___day
of  , 200_, by and between Haights Cross Communications, Inc., a
Delaware corporation (the “Company”), and
                          (the “Indemnitee”).

     WHEREAS, it is essential that the Company be able to retain and attract as directors, officers
and employees the most capable persons available;

     WHEREAS, increased corporate litigation has subjected directors to litigation risks and
expenses, and the limitations on the availability of director and officer liability insurance has
made it increasingly difficult for the Company to attract and retain such persons;

     WHEREAS, the Company’s By-laws permit it to enter into indemnification arrangements and
agreements;

     WHEREAS, the Company desires to provide the Indemnitee with specific contractual assurances of
the Indemnitee’s rights to full indemnification against litigation risks and expenses (regardless,
among other things, of any amendment to or revocation of the Company’s By-laws or any change in the
ownership of the Company or the composition of its Board of Directors), which indemnification is
intended to be greater than that which is afforded by the Company’s Certificate of Incorporation
and By-laws and, to the extent insurance is available, the coverage of the Indemnitee under the
Company’s directors and officers liability insurance policies; and

     WHEREAS, the Indemnitee is relying upon the rights afforded under this Agreement in accepting
Indemnitee’s position as a director, officer or employee of the Company.

     NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows:

     1. Definitions.

          (a) “Corporate Status” describes the status of a person who is serving or has served (i) as a
director, officer or employee of the Company, (ii) in any capacity with respect to any employee
benefit plan of the Company, or (iii) as a director, partner, member, trustee, officer, employee,
or agent of any other Entity at the request of the Company.

          (b) “Entity” shall mean any corporation, partnership, limited liability company, joint
venture, trust, foundation, association, organization or other legal entity and any group or
division of the Company or any of its subsidiaries.

          (c) “Expenses” shall mean all reasonable fees, costs and expenses incurred in connection with
any Proceeding (as defined below), including, without limitation, attorneys’ fees, disbursements
and retainers (including, without limitation, any such fees, disbursements and retainers incurred
by Indemnitee pursuant to Section 10 of this Agreement), fees and disbursements of expert
witnesses, private investigators and professional advisors (including, without limitation,
accountants and investment bankers), court costs, transcript costs, fees of

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experts, travel expenses, duplicating, printing and binding costs, telephone and fax
transmission charges, postage, delivery services, secretarial services, and other disbursements and
expenses.

          (d) “Indemnifiable Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts” shall
have the meanings ascribed to those terms in Section 3(a) below.

          (e) “Liabilities” shall mean judgments, damages, liabilities, losses, penalties, excise taxes,
fines and amounts paid in settlement.

          (f) “Proceeding” shall mean any threatened, pending or completed claim, action, suit,
arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal,
or any other proceeding, whether civil, criminal, administrative or investigative, whether formal
or informal, including a proceeding initiated by Indemnitee pursuant to Section 10 of this
Agreement to enforce Indemnitee’s rights hereunder.

     2. Services of Indemnitee. In consideration of the Company’s covenants and
commitments hereunder, Indemnitee agrees to serve or continue to serve as a director, officer or
employee of the Company. However, this Agreement shall not impose any obligation on Indemnitee or
the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by
law or by other agreements or commitments of the parties, if any.

     3. Agreement to Indemnify. The Company agrees to indemnify Indemnitee as follows:

          (a) Subject to the exceptions contained in Section 4(a) below, if Indemnitee was or is a party
or is threatened to be made a party to any Proceeding (other than an action by or in the right of
the Company) by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the
Company against all Expenses and Liabilities incurred or paid by Indemnitee in connection with such
Proceeding (referred to herein as “Indemnifiable Expenses” and “Indemnifiable Liabilities,”
respectively, and collectively as “Indemnifiable Amounts”).

          (b) Subject to the exceptions contained in Section 4(b) below, if Indemnitee was or is a party
or is threatened to be made a party to any Proceeding by or in the right of the Company to procure
a judgment in its favor by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified
by the Company against all Indemnifiable Expenses.

     4. Exceptions to Indemnification. Indemnitee shall be entitled to indemnification
under Sections 3(a) and 3(b) above in all circumstances other than the following:

          (a) If indemnification is requested under Section 3(a) and it has been adjudicated finally by
a court of competent jurisdiction that, in connection with the subject of the Proceeding out of
which the claim for indemnification has arisen, (i) Indemnitee failed to act in good faith and in a
manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company,
(ii) with respect to any criminal action or proceeding, Indemnitee had

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reasonable cause to believe that Indemnitee’s conduct was unlawful or (iii) Indemnitee’s
conduct constituted willful misconduct or recklessness, then Indemnitee shall not be entitled to
payment of Indemnifiable Amounts hereunder.

          (b) If indemnification is requested under Section 3(b) and

               (i) it has been adjudicated finally by a court of competent jurisdiction that, in connection
with the subject of the Proceeding out of which the claim for indemnification has arisen,
Indemnitee failed to act in good faith and in a manner Indemnitee reasonably believed to be in or
not opposed to the best interests of the Company, Indemnitee shall not be entitled to payment of
Indemnifiable Expenses hereunder; or

               (ii) it has been adjudicated finally by a court of competent jurisdiction that Indemnitee is
liable to the Company with respect to any claim, issue or matter involved in the Proceeding out of
which the claim for indemnification has arisen, including, without limitation, a claim that
Indemnitee received an improper personal benefit or improperly took advantage of a corporate
opportunity, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder with
respect to such claim, issue or matter unless the court in which such Proceeding was brought shall
determine upon application that, despite the adjudication of liability, but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
Indemnifiable Expenses which such court shall deem proper.

     5. Procedure for Payment of Indemnifiable Amounts. Indemnitee shall submit to the
Company a written request specifying the Indemnifiable Amounts for which Indemnitee seeks payment
under Section 3 of this Agreement and the basis for the claim. The Company shall pay such
Indemnifiable Amounts to Indemnitee within twenty (20) calendar days of receipt of the request. At
the request of the Company, Indemnitee shall furnish such documentation and information as are
reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to
indemnification hereunder.

     6. Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
Notwithstanding any other provision of this Agreement, and without limiting any such provision, to
the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is
successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified against
all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.
If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall indemnify Indemnitee against those Expenses reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For
purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding by
dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim,
issue or matter.

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     7. Effect of Certain Resolutions. Neither the settlement nor termination of any
Proceeding nor the failure of the Company to award indemnification or to determine that
indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to
indemnification hereunder. In addition, the termination of any proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a
presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company or, with respect to any
criminal action or proceeding, had reasonable cause to believe that Indemnitee’s action was
unlawful.

     8. Agreement to Advance Interim Expenses; Conditions. The Company shall pay to
Indemnitee all Indemnifiable Expenses incurred by Indemnitee in connection with any Proceeding,
including a Proceeding by or in the right of the Company, in advance of the final disposition of
such Proceeding, if Indemnitee furnishes the Company with a written undertaking to repay the amount
of such Indemnifiable Expenses advanced to Indemnitee if it is finally determined by a court of
competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with
respect to such Indemnifiable Expenses. Such undertaking shall be an unlimited general obligation
of Indemnitee, shall be accepted by the Company without regard to the financial ability of
Indemnitee to make repayment, and in no event shall be required to be secured.

     9. Procedure for Payment of Interim Expenses. Indemnitee shall submit to the Company
a written request specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement
under Section 8 of this Agreement, together with documentation evidencing that Indemnitee has
incurred such Indemnifiable Expenses. Payment of Indemnifiable Expenses under Section 8 shall be
made no later than twenty (20) calendar days after the Company’s receipt of such request and the
undertaking required by Section 8.

     10. Remedies of Indemnitee.

          (a) Right to Petition Court. In the event that Indemnitee makes a request for payment
of Indemnifiable Amounts under Sections 3 and 5 above or a request for an advancement of
Indemnifiable Expenses under Sections 8 and 9 above and the Company fails to make such payment or
advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the
appropriate judicial authority to enforce the Company’s obligations under this Agreement.

          (b) Burden of Proof. In any judicial proceeding brought under Section 10(a) above,
the Company shall have the burden of proving that Indemnitee is not entitled to payment of
Indemnifiable Amounts hereunder.

          (c) Expenses. The Company agrees to reimburse Indemnitee in full for any Expenses
incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or
settling any action brought by Indemnitee under Section 10(a) above, or in

4

 

connection with any claim or counterclaim brought by the Company in connection therewith.

          (d) Validity of Agreement. The Company shall be precluded from asserting in any
Proceeding, including, without limitation, an action under Section 10(a) above, that the provisions
of this Agreement are not valid, binding and enforceable or that there is insufficient
consideration for this Agreement and shall stipulate in court that the Company is bound by all the
provisions of this Agreement.

          (e) Failure to Act Not a Defense. The failure of the Company (including its Board of
Directors or any committee thereof, independent legal counsel, or stockholders) to make a
determination concerning the permissibility of the payment of Indemnifiable Amounts or the
advancement of Indemnifiable Expenses under this Agreement shall not be a defense in any action
brought under Section 10(a) above, and shall not create a presumption that such payment or
advancement is not permissible.

     11. Representations and Warranties of the Company. The Company hereby represents and
warrants to Indemnitee as follows:

          (a) Authority. The Company has all necessary corporate power and authority to enter
into, and be bound by the terms of, this Agreement, and the execution, delivery and performance of
the undertakings contemplated by this Agreement have been duly authorized by the Company.

          (b) Enforceability. This Agreement, when executed and delivered by the Company in
accordance with the provisions hereof, shall be a legal, valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or
similar laws affecting the enforcement of creditors’ rights generally.

     12. Insurance. The Company will use commercially reasonable efforts to obtain and
maintain a policy or policies of insurance in an amount not less than $1,000,000 with a deductible
of not greater than $50,000, with reputable insurance companies providing the Indemnitee with
coverage for losses from wrongful acts, and to ensure the Company’s performance of its
indemnification obligations under this Agreement. In all policies of director and officer
liability insurance, Indemnitee shall be named as an insured in such a manner as to provide
Indemnitee at least the same rights and benefits as are accorded to the most favorably insured of
the Company’s officers and directors. Notwithstanding the foregoing, if the Company, after
employing commercially reasonable efforts as provided in this Section, determines in good faith
that such insurance is not reasonably available, if the premium costs for such insurance are
disproportionate to the amount of coverage provided, or if the coverage provided by such insurance
is limited by exclusions so as to provide an insufficient benefit, the Company shall use its
commercially reasonable efforts to obtain and maintain a policy or policies of insurance with
coverage having features as similar as practicable to those described above.

5

 

     13. Fees and Expenses. During the term of the Indemnitee’s service as a director, the
Company shall promptly reimburse the Indemnitee for all expenses incurred by him in connection with
his service as a director or member of any board committee or otherwise in connection with the
Company’s business and shall pay or provide the Indemnitee with fees and other compensation,
including stock options or awards, in amounts and value which are at least equal to those provided
to any of the Company’s other directors from time to time.

     14. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and
advancement of Indemnifiable Expenses provided by this Agreement shall be in addition to, but not
exclusive of, any other rights which Indemnitee may have at any time under applicable law, the
Company’s By-laws or Certificate of Incorporation, or any other agreement, vote of stockholders or
directors, or otherwise, both as to action in Indemnitee’s official capacity and as to action in
any other capacity as a result of Indemnitee’s serving as a director of the Company.

     15. Successors. This Agreement shall be (a) binding upon all successors and assigns
of the Company (including any transferee of all or a substantial portion of the business, stock
and/or assets of the Company and any direct or indirect successor by merger or consolidation or
otherwise by operation of law) and (b) binding on and shall inure to the benefit of the heirs,
personal representatives, executors and administrators of Indemnitee. This Agreement shall
continue for the benefit of Indemnitee and such heirs, personal representatives, executors and
administrators after Indemnitee has ceased to have Corporate Status.

     16. Subrogation. In the event of any payment of Indemnifiable Amounts under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the
request of the Company, all reasonable action necessary to secure such rights, including the
execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights.

     17. Change in Law. To the extent that a change in applicable law (whether by statute
or judicial decision) shall permit broader indemnification than is provided under the terms of the
Certificate of Incorporation or By-laws of the Company and this Agreement, Indemnitee shall be
entitled to such broader indemnification and this Agreement shall be deemed to be amended to such
extent.

     18. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be effective and valid under applicable law, but if any
provision of this Agreement, or any clause thereof, shall be determined by a court of competent
jurisdiction to be illegal, invalid or unenforceable, in whole or in part, such provision or clause
shall be limited or modified in its application to the minimum extent necessary to make such
provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this
Agreement shall remain fully enforceable and binding on the parties.

     19. Indemnitee as Plaintiff. Except as provided in Section 10(c) of this Agreement

6

 

and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts
or advancement of Indemnifiable Expenses with respect to any Proceeding brought by Indemnitee
against the Company, any Entity which it controls, any director or officer thereof, or any third
party, unless the Company has consented to the initiation of such Proceeding. This Section shall
not apply to counterclaims or affirmative defenses asserted by Indemnitee in an action brought
against Indemnitee.

     20. Modifications and Waiver. Except as provided in Section 17 above with respect to
changes in applicable law which broaden the right of Indemnitee to be indemnified by the Company,
no supplement, modification or amendment of this Agreement shall be binding unless executed in
writing by each of the parties hereto. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not
similar), nor shall such waiver constitute a continuing waiver.

     21. General Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by
hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified
or registered mail with postage prepaid, on the third business day after the date on which it is so
mailed:

	 	 	 
	(a) If to Indemnitee, to:

	 	[                     ]
	

	 	[Insert Address]
	 
	 	 
	(b) If to the Company, to:

	 	Haights Cross Communications, Inc.
	

	 	10 New King Street
	

	 	Suite 110
	

	 	White Plains, NY
	

	 	Facsimile: (914) 289-9401
	

	 	Attn: President

or to such other address as may have been furnished in the same manner by any party to the others.

     22. Governing Law. This Agreement shall be governed by and construed and enforced
under the laws of the State of New York without giving effect to the provisions thereof relating to
conflicts of law.

     23. Consent to Jurisdiction. The Company hereby irrevocably and unconditionally
consents to the jurisdiction of the courts located in the State of New York to construe and enforce
the covenants contained in this Agreement. The Company hereby irrevocably and unconditionally
waives any objection to the laying of venue of any Proceeding arising out of or relating to this
Agreement in the courts located in the State of New York, and hereby irrevocably and
unconditionally waives and agrees not to plead or claim that any such Proceeding brought in

7

 

any such court has been brought in an inconvenient forum.

     24. Agreement Governs. This Agreement is to be deemed consistent wherever possible
with relevant provisions of the Company’s Amended and Restated By-laws and Certificate of
Incorporation; however, in the event of a conflict between this Agreement and such provisions, the
provisions of this Agreement shall control.

[End of Text]

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     IN WITNESS WHEREOF, the parties hereto have executed this Director Indemnification Agreement
as of the day and year first above written.

	 	 	 	 	 
	 	 	THE COMPANY:
	 
	 	 	 	 
	 	 	HAIGHTS CROSS COMMUNICATIONS, INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	Title:	 	 
	 
	 	 	 	 
	 	 	INDEMNITEE:
	 
	 	 	 	 
	 	 	 
	

	 	Name:	 	 

9

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