Document:

Exhibit 10.1

 

TEXTRON

 

	
James C. Cournoyer

Assistant Treasurer
    	
 
    	
40 Westminster St.

Providence, RI 02903

Tel: (401) 457-4417

Fax: (401) 457-3533
   jcournoyer@textron.com
    

 

June 29, 2012

 

Goldman Sachs & Co

200 West Street

New York, NY 10282

 

Re: Amendment to Base Bond Hedge Transaction

 

Reference is made to the transaction (the “Base Bond Hedge Transaction”) entered into between Goldman, Sachs & Co. (“Bank”) and Textron Inc. (“Counterparty”),  pursuant to a letter agreement dated April 29, 2009, entitled Convertible Bond Hedge Transaction, as amended by the Bond Hedge Amendment and Termination Agreement between Bank and Counterparty, dated October 25, 2011 (the “Bond Hedge Amendment and Termination Agreement” and such letter agreement as amended, reformed or modified prior to the date hereof, the “Base Bond Hedge Confirmation”).  This letter shall notify Bank that Counterparty wishes to modify the number of Shares subject to the Base Bond Hedge Confirmation. Capitalized terms used herein but not defined shall have the meaning set forth in the Base Bond Hedge Confirmation.

 

1.              Effective as of the date hereof, the Base Bond Hedge Confirmation shall be amended as follows : The definition of “Number of Options” in Section 2 of the Base Bond Hedge Confirmation is hereby amended by amending and restating the first sentence thereof in its entirety to read as follows: “223,174 Options.” For the avoidance of doubt, the parties acknowledge and agree that 8,179 Options have been exercised prior to the date hereof and, as a result, the number of Options remaining unexercised under the Base Bond Hedge Confirmation as of the date hereof is 214,995.

 

2.              Except as expressly amended hereby, all the terms and provisions of the Base Bond Hedge Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects, and the representations, warranties and agreements in Section 4 of the Bond Hedge Amendment and Termination Agreement are deemed to be repeated mutatis mutandis by the applicable party with respect to this letter and the Base Bond Hedge Transaction and Base Bond Hedge Confirmation, as amended hereby, as of the date hereof.

 

3.              The provisions of this letter agreement shall be governed by New York law (without reference to choice of law doctrine to the extent inconsistent with choice of New York law).

 

 

Please indicate your agreement to the forgoing by signing below.

 

If you have any questions, please do not hesitate to call.

 

	
Very truly yours,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ James C. Cournoyer
    	
 
    
	
James C. Cournoyer
    	
 
    
	
Assistant Treasurer
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Agreed and Accepted By:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
GOLDMAN, SACHS & CO.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Daniela Bisalti
    	
 
    
	
Name:
    	
Daniela Bisalti
    	
 
    
	
Title:
    	
Vice PresidentExhibit 10.2

 

TEXTRON

 

	
James C. Cournoyer

Assistant Treasurer
    	
 
    	
40 Westminster St.

Providence, RI 02903

Tel: (401) 457-4417

Fax: (401) 457-3533
   jcournoyer@textron.com
    

 

June 29, 2012

 

 

Goldman Sachs & Co

200 West Street

New York, NY 10282

 

Re: Amendment to Base Warrant Transaction

 

Reference is made to the transaction (the “Base Warrant Transaction”) entered into between Goldman, Sachs & Co. (“Bank”) and Textron Inc. (“Company”), pursuant to a letter agreement dated April 29, 2009, entitled Issuer Warrant Transaction, as amended by the Warrant Amendment and Termination Agreement between Bank and Company dated October 25, 2011 (the “Warrant Amendment and Termination Agreement” and such letter agreement, as amended, reformed or modified prior to the date hereof, the “Base Warrant Confirmation”).  This letter shall notify Bank that Company wishes to modify the number of Shares subject to the Base Warrant Confirmation. Capitalized terms used herein but not defined shall have the meaning set forth in the Base Warrant Confirmation.

 

1.              Effective as of the date hereof, the Base Warrant Confirmation shall be amended as follows:

 

(A)                               The definition of “Number of Warrants” in Section 2 of the Base Warrant Confirmation is amended by replacing “8,228,765” with “8,190,289”.

 

(B)                               Schedule A to the Base Warrant Confirmation, setting forth the Daily Number of Warrants for each Expiration Date, is replaced in its entirety by Schedule A attached hereto.

 

2.              Except as expressly amended hereby, all the terms and provisions of the Base Warrant Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects, and the representations, warranties and agreements in Section 4 of the Warrant Amendment and Termination Agreement are deemed to be repeated mutatis mutandis by the applicable party with respect to this letter and the Base Warrant Transaction and Base Warrant Confirmation, as amended hereby, as of the date hereof.

 

 

3.              The provisions of this letter agreement shall be governed by New York law (without reference to choice of law doctrine to the extent inconsistent with choice of New York law).

 

Please indicate your agreement to the forgoing by signing below.

 

If you have any questions, please do not hesitate to call.

 

	
Very truly yours,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ James C. Cournoyer
    	
 
    
	
James C. Cournoyer
    	
 
    
	
Assistant Treasurer
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Agreed and Accepted By:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
GOLDMAN, SACHS & CO.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Daniela Bisalti
    	
 
    
	
Name:
    	
Daniela Bisalti
    	
 
    
	
Title:
    	
Vice President
    	
 
    

 

 

Schedule A

For each Expiration Date, the Daily Number of Warrants is set forth below.

 

	
Expiration Date
    	
 
    	
Daily Number of
   Warrants
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
February 22, 2013
    	
 
    	
182,006
    	
 
    
	
February 25, 2013
    	
 
    	
182,006
    	
 
    
	
February 26, 2013
    	
 
    	
182,006
    	
 
    
	
February 27, 2013
    	
 
    	
182,006
    	
 
    
	
February 28, 2013
    	
 
    	
182,006
    	
 
    
	
March 1, 2013
    	
 
    	
182,006
    	
 
    
	
March 4, 2013
    	
 
    	
182,006
    	
 
    
	
March 5, 2013
    	
 
    	
182,006
    	
 
    
	
March 6, 2013
    	
 
    	
182,006
    	
 
    
	
March 7, 2013
    	
 
    	
182,006
    	
 
    
	
March 8, 2013
    	
 
    	
182,006
    	
 
    
	
March 11, 2013
    	
 
    	
182,006
    	
 
    
	
March 12, 2013
    	
 
    	
182,006
    	
 
    
	
March 13, 2013
    	
 
    	
182,006
    	
 
    
	
March 14, 2013
    	
 
    	
182,006
    	
 
    
	
March 15, 2013
    	
 
    	
182,006
    	
 
    
	
March 18, 2013
    	
 
    	
182,006
    	
 
    
	
March 19, 2013
    	
 
    	
182,006
    	
 
    
	
March 20, 2013
    	
 
    	
182,006
    	
 
    
	
March 21, 2013
    	
 
    	
182,006
    	
 
    
	
March 22, 2013
    	
 
    	
182,006
    	
 
    
	
March 25, 2013
    	
 
    	
182,006
    	
 
    
	
March 26, 2013
    	
 
    	
182,006
    	
 
    
	
March 27, 2013
    	
 
    	
182,006
    	
 
    
	
March 28, 2013
    	
 
    	
182,006
    	
 
    
	
April 1, 2013
    	
 
    	
182,006
    	
 
    
	
April 2, 2013
    	
 
    	
182,007
    	
 
    
	
April 3, 2013
    	
 
    	
182,007
    	
 
    
	
April 4, 2013
    	
 
    	
182,007
    	
 
    
	
April 5, 2013
    	
 
    	
182,007
    	
 
    
	
April 8, 2013
    	
 
    	
182,007
    	
 
    
	
April 9, 2013
    	
 
    	
182,007
    	
 
    
	
April 10, 2013
    	
 
    	
182,007
    	
 
    
	
April 11, 2013
    	
 
    	
182,007
    	
 
    
	
April 12, 2013
    	
 
    	
182,007
    	
 
    
	
April 15, 2013
    	
 
    	
182,007
    	
 
    
	
April 16, 2013
    	
 
    	
182,007
    	
 
    
	
April 17, 2013
    	
 
    	
182,007
    	
 
    
	
April 18, 2013
    	
 
    	
182,007
    	
 
    
	
April 19, 2013
    	
 
    	
182,007
    	
 
    
	
April 22, 2013
    	
 
    	
182,007
    	
 
    
	
April 23, 2013
    	
 
    	
182,007
    	
 
    
	
April 24, 2013
    	
 
    	
182,007
    	
 
    
	
April 25, 2013
    	
 
    	
182,007
    	
 
    
	
April 26, 2013
    	
 
    	
182,007Exhibit 10.3

 

TEXTRON

 

	
James C. Cournoyer 

Assistant Treasurer
    	
 
    	
40 Westminster St. 

Providence, RI 02903 

Tel: (401)457-4417 

Fax: (401) 457-3533

jcournoyer@textron.com
    

 

June 29, 2012

 

JPMorgan Chase Bank, National Association

P.O. Box 161

60 Victoria Embankment

London EC4Y OJP

England

 

Re: Amendment to Base Bond Hedge Transaction

 

Reference is made to the transaction (the “Base Bond Hedge Transaction”) entered into between JPMorgan Chase Bank, National Association, London Branch (“Bank”), represented by J.P. Morgan Securities LLC (f/k/a J.P. Morgan Securities Inc.), as its agent, and Textron Inc. (“Counterparty”),  pursuant to a letter agreement dated April 29, 2009, entitled Convertible Bond Hedge Transaction, as amended by the Bond Hedge Amendment and Termination Agreement between Bank and Counterparty, dated October 25, 2011 (the “Bond Hedge Amendment and Termination Agreement” and such letter agreement as amended, reformed or modified prior to the date hereof, the “Base  Bond Hedge Confirmation”). This letter shall notify Bank that Counterparty wishes to modify the number of Shares subject to the Base Bond Hedge Confirmation. Capitalized terms used herein but not defined shall have the meaning set forth in the Base Bond Hedge Confirmation.

 

1.         Effective as of the date hereof, the Base Bond Hedge Confirmation shall be amended as follows : The definition of “Number of Options” in Section 2 of the Base Bond Hedge Confirmation is hereby amended by amending and restating the first sentence thereof in its entirety to read as follows: “223,174 Options.” For the avoidance of doubt, the parties acknowledge and agree that 8,179 Options have been exercised prior to the date hereof and, as a result, the number of Options remaining unexercised under the Base Bond Hedge Confirmation as of the date hereof is 214,995.

 

2.          Except as expressly amended hereby, all the terms and provisions of the Base Bond Hedge Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects, and the representations, warranties and agreements in Section 4 of the Bond Hedge Amendment and Termination Agreement are deemed to be repeated mutatis mutandis by the applicable party with respect to this letter and the Base Bond Hedge Transaction and Base Bond Hedge Confirmation, as amended hereby, as of the date hereof.

 

 

3.       The provisions of this letter agreement shall be governed by New York law (without reference to choice of law doctrine to the extent inconsistent with choice of New York law). Please indicate your agreement to the forgoing by signing below.

 

If you have any questions, please do not hesitate to call. 

 

	
Very truly yours,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ James C. Cournoyer
    	
 
    
	
James C. Cournoyer
    	
 
    
	
Assistant Treasurer
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Agreed and Accepted By:
    	
 
    
	
 
    	
 
    
	
J.P. MORGAN SECURITIES LLC, as agent
    	
 
    
	
for JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Santosh Sreenivasan
    	
 
    
	
Authorized Signatory
    	
 
    
	
Name:
    	
Santosh Sreenivasan

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