Document:

Exhibit 10.2

 

EXECUTION VERSION

 

THIS AMENDED AND RESTATED LOAN PROCEEDS NOTE AMENDS AND RESTATES IN ITS ENTIRETY THE LOAN PROCEEDS NOTE, DATED OCTOBER 4, 2013, ISSUED BY LEVEL 3 COMMUNICATIONS, LLC TO LEVEL 3 FINANCING, INC. IN THE INITIAL PRINCIPAL AMOUNT OF $2,610,500,000.

 

AMENDED AND RESTATED
 LOAN PROCEEDS NOTE

 

	
PRINCIPAL SUM:
    	
US$4,610,500,000
    
	
 
    	
 
    
	
ISSUE   DATE:
    	
October   31, 2014
    
	
 
    	
 
    
	
PAYEE:
    	
Level   3 Financing, Inc., a Delaware corporation
    

 

Level 3 Communications, LLC, a limited liability company organized under the laws of the State of Delaware (the “Payor”), for value received, hereby promises to pay ON DEMAND to the order of the Payee stated above, the Principal Sum stated above (or so much thereof as shall not have been prepaid or, in accordance with Section 6.11(b) of the Credit Agreement referred to below, otherwise reduced from time to time as reflected in the books and records of the Payee) and to pay interest (computed on the basis of a 360-day year comprised of twelve 30-day months) on the unpaid principal hereof from the Issue Date stated above, or from the most recent date to which interest has been paid, at the rates payable by the Payee in respect of its Tranche B-III 2019 Term Loans (as defined in the Credit Agreement), Tranche B 2020 Term Loans (as defined in the Credit Agreement) and Tranche B 2022 Term Loans (as defined in the Credit Agreement and, together with the Tranche B-III 2019 Term Loans and Tranche B 2020 Term Loans, the “Term Loans”) incurred under the Credit Agreement dated as of March 13, 2007, as amended and restated by the Amendment Agreement dated as of April 16, 2009, as further amended by the First Amendment dated as of May 15, 2009, as further amended and restated by the Second Amendment Agreement dated as of October 4, 2011, as further amended and restated by the Third Amendment Agreement dated as of November 10, 2011, as further amended and restated by the Fourth Amendment Agreement dated as of August 6, 2012, as further amended and restated by the Fifth Amendment Agreement dated as of October 4, 2012, as further amended and restated by the Sixth Amendment Agreement dated as of August 12, 2013, as further amended and restated by the Seventh Amendment Agreement dated as of August 16, 2013, as further amended and restated by the Eighth Amendment Agreement dated as of October 4, 2013, and as further amended and restated by the Ninth Amendment Agreement dated as of October 31, 2014 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Payee, Level 3 Communications, Inc., the Lenders party thereto and Merrill Lynch Capital Corporation, as Administrative Agent and Collateral Agent, in cash in arrears on each Interest Payment Date (as defined in the Credit Agreement), commencing on such date when the first payment of interest is due or made on the Term Loans, until such Principal Sum (as reduced from time to time in accordance with Section 6.11(b) of the Credit Agreement and reflected in the books and records of the Payee) shall have been paid in full.  Payments of principal and interest shall be made in US dollars and in immediately available funds at the appropriate office of the Payee (as designated by the Payee to the Payor).  The Payee may demand payment of the unpaid principal of this Note in whole or in 

 

 

part at any time.  In the event the Payee shall demand payment in connection with a prepayment of the Term Loans which, pursuant to the Credit Agreement, requires a prepayment premium, fee or breakage cost payment, the Payor shall pay a premium, fee or breakage cost payment, as the case may be, on the principal amount repaid in an amount equal to the amount of such premium, fee or breakage cost payment under the Credit Agreement.

 

No failure or delay on the part of the Payee in exercising any of its rights, powers or privileges hereunder shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege.  The remedies provided herein are cumulative and are not exclusive of any remedies provided by law.

 

Presentment and demand for payment, notice of default, dishonor or nonpayment, protest and notice of protest and all other demands and notices in connection with delivery, acceptance, performance or enforcement of this Note are hereby waived by the Payor.

 

Neither the Payor nor other parties hereafter becoming liable for payment of this Note shall ever be required to pay interest on this Note at a rate in excess of the maximum interest that may be lawfully charged under applicable law, and the provisions of this paragraph shall control over all provisions of this Note which may be in apparent conflict herewith.  In the event that the Payee shall collect monies which are deemed to constitute interest which would increase the effective interest rate on this Note to a rate in excess of that permitted to be charged by applicable law, all such sums deemed to constitute interest in excess of the lawful rate shall, upon such determination, at the option of the Payee, be either immediately returned to the Payor or credited against the principal balance of this Note then outstanding, in which event any and all penalties of any kind under applicable law as a result of such excess interest shall be inapplicable.

 

The Payee may assign this Note without the consent of the Payor.  The Payor may not assign any of its rights and obligations under this Note without the prior written consent of the Payee.  Any assignment made in violation of the foregoing prohibition shall be void.

 

This Note and the rights and obligations of the Payee and Payor hereunder shall be governed by, and interpreted and construed in accordance with, the laws of the State of New York, without regard to conflicts of law principles thereof.

 

[remainder of page intentionally blank;  signature page is the next page]

 

2

 

IN WITNESS WHEREOF, the undersigned has executed and delivered this Note as of the date first above written.

 

	
 
    	
LEVEL   3 COMMUNICATIONS, LLC,
    
	
 
    	
 
    
	
 
    	
by
    
	
 
    	
 
    	
/s/   Neil Eckstein
    
	
 
    	
 
    	
Name:
    	
Neil   Eckstein
    
	
 
    	
 
    	
Title:
    	
Secretary
    

 

Agreed and Accepted:

 

	
LEVEL   3 FINANCING, INC.,
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/   Rafael Martinez-Chapman
    	
 
    	
 
    
	
 
    	
Name:
    	
Rafael   Martinez-Chapman
    	
 
    	
 
    
	
 
    	
Title:
    	
Treasurer
    	
 
    	
 
    

 

[SIGNATURE PAGE TO AMENDED AND RESTATED LOAN PROCEEDS NOTE]

 

3

 

BOND POWER

 

FOR VALUE RECEIVED, Level 3 Financing, Inc.,

 

hereby sells, assigns and transfers unto

 

                                                                                                                                                       the Amended and Restated Loan Proceeds Note, dated                     , 2014, in the principal amount of $4,610,500,000 issued by Level 3 Communications, LLC to Level 3 Financing, Inc. and hereby irrevocably constitutes and appoints                                                                      attorney to transfer the said Amended and Restated Loan Proceeds Note with full power of substitution in the premises.

 

 

Dated:

 

 

	
 
    	
LEVEL   3 FINANCING, INC.,
    
	
 
    	
 
    
	
 
    	
by
    
	
 
    	
 
    	
/s/   Rafael Martinez-Chapman
    
	
 
    	
 
    	
Name:
    	
Rafael   Martinez-Chapman
    
	
 
    	
 
    	
Title:
    	
Treasurer
    

 

4EX-10.1

 Version: September 2014 – Executive Officer 

Exhibit 10.1 
 Restricted
Stock Unit No.             
 MYRIAD GENETICS, INC. 

Restricted Stock Unit Award Grant Notice 

Restricted Stock Unit Award Grant under the Company’s 

2010 Employee, Director and Consultant Equity Incentive Plan, as amended 

 

							
	1.	  	Name and Address of Participant:	  	  

		  		  		  	  

		  		  		  	  

			
	2.	  	Date of Grant of Restricted Stock Unit Award:	  	  

			
	3.	  	Maximum Number of Shares underlying Restricted Stock Unit Award:	  	  

  

	4.	Vesting of Award: This Restricted Stock Unit Award shall vest as follows provided the Participant is an Employee, director or Consultant of the Company or of an Affiliate on the applicable vesting: 

					
			
		  	Number of Restricted Stock Units	  	Vesting Date
			
		  		  	
			
		  		  	

 The Company and the Participant acknowledge receipt of this Restricted Stock Unit Award Grant Notice and agree
to the terms of the Restricted Stock Unit Agreement attached hereto and incorporated by reference herein, the Company’s 2010 Employee, Director and Consultant Equity Incentive Plan, as amended (the “Plan”), and the terms of this
Restricted Stock Unit Award as set forth above. You hereby acknowledge receipt of a copy of the following documents which are provided to you via the Company’s internal website at iwww.myriad.com or which have been delivered to you:
(i) the Plan, (ii) Restricted Stock Unit Award Agreement, (iii) the Summary Plan Description and (iv) the Company’s most recent Annual Report and Proxy Statement. A paper version of these documents will be made available
upon request. 
  

			
		 	MYRIAD GENETICS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	  

	Participant

 Version: September 2014 – Executive Officer 

MYRIAD GENETICS, INC. 

RESTRICTED STOCK UNIT AGREEMENT - 

INCORPORATED TERMS AND CONDITIONS 

AGREEMENT made as of the date of grant set forth in the Restricted Stock Unit Award Grant Notice between MYRIAD GENETICS, INC. (the
“Company”), a Delaware corporation, and the individual whose name appears on the Restricted Stock Unit Award Grant Notice (the “Participant”). 

WHEREAS, the Company has adopted the 2010 Employee, Director and Consultant Equity Incentive Plan, as amended (the “Plan”), to
promote the interests of the Company by providing an incentive for Employees, directors and Consultants of the Company and its Affiliates; 

WHEREAS, pursuant to the provisions of the Plan, the Company desires to grant to the Participant restricted stock units (“RSUs”)
related to the Company’s common stock, $0.01 par value per share (“Common Stock”), in accordance with the provisions of the Plan, all on the terms and conditions hereinafter set forth; 

WHEREAS, the Company has adopted its 2013 Executive Incentive Plan (the “Section 162(m) Incentive Plan”) for the purpose of
providing incentive compensation to its named executive officers which may be deductible under Section 162(m) of the Internal Revenue Code of 1986, as amended, and the Company desires that the RSUs granted under this Agreement satisfy the
requirements of the Company’s Section 162(m) Incentive Plan; and 
 WHEREAS, the Company and the Participant understand and agree
that any terms used and not defined herein have the meanings ascribed to such terms in the Plan. 
 NOW, THEREFORE, in consideration of the
promises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Grant of Award. The Company hereby grants to the Participant an award for the number of RSUs set forth in the Restricted Stock Unit
Award Grant Notice (the “Award”). Each RSU represents a contingent entitlement of the Participant to receive one share of Common Stock, on the terms and conditions and subject to all the limitations set forth herein and in the Plan, which
is incorporated herein by reference. The Participant acknowledges receipt of a copy of the Plan. 
 2. Vesting of Award. 

(a) Subject to the terms and conditions set forth in this Agreement and the Plan, the Award granted hereby shall vest as set forth in the
Restricted Stock Unit Award Grant Notice and is subject to the other terms and conditions of this Agreement and the Plan. If the Award is also subject to the achievement of financial performance metrics, no portion of the Award or any underlying RSU
will vest unless and until the Company’s Compensation Committee has certified that the financial performance criteria set forth in the Restricted Stock Unit Award Grant Notice has been achieved. Thereafter, on each vesting date set forth in the
Restricted Stock Unit Award Grant Notice, the Participant shall be entitled to receive such number of shares of Common Stock equivalent to the number of RSUs set forth opposite such vesting date, or the number of

 
RSUs as determined based on the achievement of any financial performance metrics, provided that the Participant is employed, or providing service to, the Company or an Affiliate on such vesting
date. Such shares of Common Stock shall thereafter be delivered by the Company to the Participant promptly following the applicable vesting date and in accordance with this Agreement and the Plan. 

(b) Except as otherwise set forth in this Agreement, if the Participant ceases to be employed, or providing services, for any reason by the
Company or by an Affiliate (the “Termination”) prior to a vesting date set forth in the Restricted Stock Unit Award Grant Notice, then as of the date on which the Participant’s employment or service terminates, all unvested RSUs shall
immediately be forfeited to the Company and this Agreement shall terminate and be of no further force or effect. 
 (c) In the event of a
Change of Control (as provided for under the Plan and as defined under Section 11 of the Section 162(m) Incentive Plan), this Award shall fully vest and the Participant shall receive on the same day such event occurs such number of shares
of Common Stock equivalent to the number of Restricted Stock Units subject to this Award which have not yet vested under this Agreement. 

3. Prohibitions on Transfer and Sale. This Award (including any additional RSUs received by the Participant as a result of stock
dividends, stock splits or any other similar transaction affecting the Company’s securities without receipt of consideration) shall not be transferable by the Participant otherwise than (i) by will or by the laws of descent and
distribution, or (ii) pursuant to a qualified domestic relations order as defined by the Internal Revenue Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as provided in the previous sentence, the
shares of Common Stock to be issued pursuant to this Agreement shall be issued, during the Participant’s lifetime, only to the Participant (or, in the event of legal incapacity or incompetence, to the Participant’s guardian or
representative). This Award shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of this Award or of any rights granted hereunder contrary to the provisions of this Section 3, or the levy of any attachment or similar process upon this Award shall be null and void. 

4. Adjustments. The Plan contains provisions covering the treatment of RSUs and shares of Common Stock in a number of contingencies
such as stock splits. Provisions in the Plan for adjustment with respect to this Award and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by
reference. 
 5. Securities Law Compliance. The Participant specifically acknowledges and agrees that any sales of shares of Common
Stock shall be made in accordance with the requirements of the Securities Act of 1933, as amended. The Company currently has an effective registration statement on file with the Securities and Exchange Commission with respect to the Common Stock to
be granted hereunder. The Company intends to maintain this registration statement but has no obligation to do so. If the registration statement ceases to be effective for any reason, Participant will not be able to transfer or sell any of the shares
of Common Stock issued to the Participant pursuant to this Agreement unless exemptions from registration or filings under applicable securities laws are available. Furthermore, despite registration, applicable securities laws may restrict the
ability of the Participant to sell his or her Common Stock, including due to the Participant’s affiliation with the Company. The Company shall not be obligated to either issue the Common Stock or permit the resale of any shares of Common Stock
if such issuance or resale would violate any applicable securities law, rule or regulation. 

  
 2 

 6. Rights as a Stockholder. The Participant shall have no right as a stockholder,
including voting and dividend rights, with respect to the RSUs subject to this Agreement. 
 7. Incorporation of the Plan. The
Participant specifically understands and agrees that the RSUs and the shares of Common Stock to be issued under the Plan will be issued to the Participant pursuant to the Plan, a copy of which Plan the Participant acknowledges he or she has read and
understands and by which Plan he or she agrees to be bound. The provisions of the Plan are incorporated herein by reference. 
 8. Tax
Liability of the Participant and Payment of Taxes. The Participant acknowledges and agrees that any income or other taxes due from the Participant with respect to this Award or the shares of Common Stock to be issued pursuant to this Agreement
or otherwise sold shall be the Participant’s responsibility. Without limiting the foregoing, the Participant agrees that if under applicable law the Participant will owe taxes at each vesting date on the portion of the Award then vested the
Company shall be entitled to immediate payment from the Participant of the amount of any tax or other amounts required to be withheld by the Company by applicable law or regulation. Any taxes or other amounts due shall be paid, at the option of the
Company as follows: 
 (a) through reducing the number of shares of Common Stock entitled to be issued to the Participant on the applicable
vesting date in an amount equal to the statutory minimum of the Participant’s total tax and other withholding obligations due and payable by the Company. Fractional shares will not be retained to satisfy any portion of the Company’s
withholding obligation. Accordingly, the Participant agrees that in the event that the amount of withholding required would result in a fraction of a share being owed, that amount will be satisfied by withholding the fractional amount from the
Participant’s paycheck; or in the alternative, at the election of the Company, the Company may additionally reduce the number of shares of Common Stock entitled to be issued to the Participant on the applicable vesting date in an amount equal
to those additional whole shares necessary to cover the minimum of the Participant’s total tax and other withholding obligations due and payable by the Company, and to the extent the proceeds of such sale exceed the Company’s withholding
obligation, the Company agrees to pay such excess cash to the Participant as soon as practicable or to apply such excess as a payment of the Participant’s federal income tax withholding amount; 

(b) requiring the Participant to deposit with the Company an amount of cash equal to the amount determined by the Company to be required to be
withheld with respect to the statutory minimum amount of the Participant’s total tax and other withholding obligations due and payable by the Company or otherwise withholding from the Participant’s paycheck an amount equal to such amounts
due and payable by the Company; or 
 (c) if the Company believes that the sale of shares can be made in compliance with applicable
securities laws, authorizing, at a time when the Participant is not in possession of material nonpublic information, the sale by the Participant on the applicable vesting date of such number of shares of Common Stock as the Company instructs a
registered broker to sell to satisfy the Company’s withholding obligation, after deduction of the broker’s commission, and the broker shall be required to remit to the Company the cash necessary in order for the Company to satisfy its
withholding obligation. To the extent the proceeds of such sale exceed the Company’s withholding obligation the Company agrees to pay such excess cash to the Participant as soon as practicable, or to apply such excess as a payment of the
Participant’s 

  
 3 

 
federal income tax withholding amount. In addition, if such sale is not sufficient to pay the Company’s withholding obligation the Participant agrees to pay to the Company as soon as
practicable, including through additional payroll withholding, the amount of any withholding obligation that is not satisfied by the sale of shares of Common Stock. The Participant agrees to hold the Company and the broker harmless from all costs,
damages or expenses relating to any such sale. The Participant acknowledges that the Company and the broker are under no obligation to arrange for such sale at any particular price. In connection with such sale of shares of Common Stock, the
Participant shall execute any such documents requested by the broker in order to effectuate the sale of shares of Common Stock and payment of the withholding obligation to the Company. The Participant acknowledges that this paragraph is intended to
comply with Section 10b5-1(c)(1(i)(B) under the Exchange Act. 
 The Company shall not deliver any shares of Common Stock to the
Participant until it is satisfied that all required withholdings have been made. 
 9. Participant Acknowledgements and
Authorizations. 
 The Participant acknowledges the following: 

(a) The Company is not by the Plan or this Award obligated to continue the Participant as an employee, director or consultant of the Company
or an Affiliate. 
 (b) The Plan is discretionary in nature and may be suspended or terminated by the Company at any time. 

(c) The grant of this Award is considered a one-time benefit and does not create a contractual or other right to receive any other award under
the Plan, benefits in lieu of awards or any other benefits in the future. 
 (d) The Plan is a voluntary program of the Company and future
awards, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the amount of any award, vesting provisions and the purchase price, if any. 

(e) The value of this Award is an extraordinary item of compensation outside of the scope of the Participant’s employment or consulting
contract, if any. As such the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar
payments. The future value of the shares of Common Stock is unknown and cannot be predicted with certainty. 
 (f) The Participant
(i) authorizes the Company and each Affiliate and any agent of the Company or any Affiliate administering the Plan or providing Plan recordkeeping services, to disclose to the Company or any of its Affiliates such information and data as the
Company or any such Affiliate shall request in order to facilitate the grant of the Award and the administration of the Plan; and (ii) authorizes the Company and each Affiliate to store and transmit such information in electronic form for the
purposes set forth in this Agreement. 

  
 4 

 10. Notices. Any notices required or permitted by the terms of this Agreement or the Plan
shall be given by recognized courier service, facsimile, registered or certified mail, return receipt requested, addressed as follows: 
 If
to the Company: 
 Myriad Genetics, Inc. 

Attention General Counsel 
 320
Wakara Way 
 Salt Lake City, UT 84108 

If to the Participant, to the last known address provided to the Human Resources department by the Participant or to such other address or
addresses of which notice in the same manner has previously been given. Any such notice shall be deemed to have been given on the earliest of receipt, one business day following delivery by the sender to a recognized courier service, or three
business days following mailing by registered or certified mail. 
 12. Assignment and Successors. 

(a) This Agreement is personal to the Participant and without the prior written consent of the Company shall not be assignable by the
Participant otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal representatives. 

(b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

13. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without giving
effect to the conflict of law principles thereof. For the purpose of litigating any dispute that arises under this Agreement, whether at law or in equity, the parties hereby consent to exclusive jurisdiction in the state of Utah and agree that such
litigation shall be conducted in the state courts of the state of Utah or the federal courts of the United States for the District of Utah. 

14. Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, then
such provision or provisions shall be modified to the extent necessary to make such provision valid and enforceable, and to the extent that this is impossible, then such provision shall be deemed to be excised from this Agreement, and the validity,
legality and enforceability of the rest of this Agreement shall not be affected thereby. 
 15. Entire Agreement. This Agreement,
together with the Plan, constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter
hereof. No statement, representation, warranty, covenant or agreement not expressly set forth in this Agreement shall affect or be used to interpret, change or restrict the express terms and provisions of this Agreement provided, however, in any
event, this Agreement shall be subject to and governed by the Plan. 
 16. Modifications and Amendments; Waivers and Consents. The
terms and provisions of this Agreement may be modified or amended as provided in the Plan. Except as provided in the Plan, the terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by written
document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or
not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent. 

  
 5 

 17. Section 409A. The Award of RSUs evidenced by this Agreement is intended to be
exempt from the nonqualified deferred compensation rules of Section 409A of the Code as a “short term deferral” (as that term is used in the final regulations and other guidance issued under Section 409A of the Code, including
Treasury Regulation Section 1.409A-1(b)(4)(i)), and shall be construed accordingly. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]