Document:

exv10w1

 

Exhibit 10.1

Second
Amendment

To

Amended
And Restated

Receivables
Sale
Agreement

     This
Second
Amendment (the “Amendment”), dated as of
December 20, 2006, is entered into among Swift Receivables Corporation (the “Seller”), Swift
Transportation Corporation (the “Collection Agent”), Amsterdam Funding Corporation (“Amsterdam”) as
a Conduit Purchaser, Three Pillars Funding LLC (“Three Pillars”), as a Conduit Purchaser, ABN AMRO
Bank N.V., as agent for Amsterdam and the Purchasers (the “Agent”), SunTrust Capital Markets, as
the Three Pillars Purchaser Agent, the other Purchaser Agents from time to time party hereto, the
related bank purchasers from time to time party hereto and the other conduit purchasers from time
to time party hereto;

Witnesseth:

     Whereas, the Seller, Collection Agent, Amsterdam, Three Pillars, the Three Pillars
Purchaser Agent and Agent have heretofore executed and delivered an Amended and Restated
Receivables Sale Agreement dated as of December 21, 2005 (as amended, supplemented or otherwise
modified through the date hereof, the “Sale Agreement”); and

     Whereas, the parties hereto desire to amend the Sale Agreement as provided herein;

     Now,
Therefore, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto hereby agree that the Sale Agreement
shall be and is hereby amended as follows:

     Section 1. Clause (d) of the defined term “Termination Date” appearing in Schedule I to the
Sale Agreement is hereby amended in its entirety and as so amended shall read as follows:

	 	(d)	 	December 19, 2007.

     Section 2. Clause (i) of the defined term “Termination Event” appearing in Schedule I to the
Sale Agreement is hereby amended in its entirety and as so amended shall read as follows:

	 	(i)	 	a Change of Control has occurred; or

     Section 3. The following defined term is hereby added to Schedule I to the Sale Agreement in
the correct alphabetical order as follows:

     “Change of Control” shall mean the occurrence of one or more of the
following events: (i) any sale, lease, exchange or other transfer (in a single
transaction or a series of related transactions) of all or substantially all of
the assets of the Parent to any Person or “group” (within the meaning of the
Securities Exchange Act of 1934 and the rules of the Securities and Exchange
Commission

 

 

thereunder in effect on the date hereof), (ii) (A) any Person
(other than Jerry Moyes, his lineal descendents, and/or any trust
established by Jerry Moyes) acquires ownership, directly or indirectly, beneficially or of record, of 30%
or more of the outstanding shares of the voting stock of the Parent or (B) any
Person owns, directly or indirectly, beneficially or of record, 50% or more of
the outstanding shares of the voting stock of the Parent, (iii) occupation of a
majority of the seats (other than vacant seats) on the board of directors of
the Parent by Persons who were neither (x) nominated by the current board of
directors or (y) appointed by directors so nominated, or (iv) the failure of
the Parent, at any time and for any reason, to own, directly or indirectly,
100% of the capital stock or other equity interests of the Collection Agent or
the Seller.

     Section 4. This Amendment shall become effective on the date that each of the following shall
have been satisfied (i) the Agent shall have received counterparts hereof executed by the Seller,
the Collection Agent, each Purchaser and the Agent, (ii) Swift Transportation Co., Inc. shall have
executed and delivered to the Agent the acknowledgment and consent in the form set forth below and
(iii) each Purchaser Agent shall have received
payment of a renewal fee in an amount equal to the product of 0.05% and the Purchase Limit of
its respective Purchaser Group.

     Section 5. To induce the Agent and the Purchasers to enter into this Amendment, the Seller and
Collection Agent represent and warrant to the Agent and the Purchasers that: (a) the
representations and warranties contained in the Transaction Documents, are true and correct in all
material respects as of the date hereof with the same effect as though made on the date hereof (it
being understood and agreed that any representation or warranty which by its terms is made as of a
specified date shall be required to be true and correct in all material respects only as of such
specified date); (b) no Potential Termination Event exists; (c) this Amendment has been duly
authorized by all necessary corporate proceedings and duly executed and delivered by each of the
Seller and the Collection Agent, and the Sale Agreement, as amended by this Amendment, and each of
the other Transaction Documents are the legal, valid and binding obligations of the Seller and the
Collection Agent, enforceable against the Seller and the Collection Agent in accordance with their
respective terms, except as enforceability may be limited by bankruptcy, insolvency or other
similar laws of general application affecting the enforcement of creditors’ rights or by general
principles of equity; and (d) no consent, approval, authorization, order, registration or
qualification with any governmental authority is required for, and in the absence of which would
adversely effect, the legal and valid execution and delivery or performance by the Seller or the
Collection Agent of this Amendment or the performance by the Seller or the Collection Agent of the
Sale Agreement, as amended by this Amendment, or any other Transaction Document to which they are a
party.

     Section 6. This Amendment may be executed in any number of counterparts and by the different
parties on separate counterparts and each such counterpart shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same Amendment.

     Section 7. Except as specifically provided above, the Sale Agreement and the other Transaction
Documents shall remain in full force and effect and are hereby ratified and

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confirmed in all
respects. The execution, delivery, and effectiveness of this Amendment shall not operate as a
waiver of any right, power, or remedy of any Agent or any Purchaser under the Sale Agreement or any
of the other Transaction Documents, nor constitute a waiver or modification of any provision of any
of the other Transaction Documents. All defined terms used herein and not defined herein shall
have the same meaning herein as in the Sale Agreement. The Seller agrees to pay on demand all costs
and expenses (including reasonable fees and expenses of counsel) of or incurred by the Agent and
each Purchaser Agent in connection with the negotiation, preparation, execution and delivery of
this Amendment.

     Section 8. This Amendment and the rights and obligations of the parties hereunder shall be
construed in accordance with and be governed by the law of the State of Illinois.

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     IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date first above written.

	 	 	 	 	 
	 
	 	 	 	 
	 	 	ABN AMRO
Bank N.V., as the Agent, as the
     Related Bank Purchaser for Amsterdam and
     as the Amsterdam Purchaser Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Amsterdam
 Funding 
Corporation
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 

S-1

 

	 	 	 	 	 
	 	 	SunTrust
Capital
Markets, as the Three
     Pillars Purchaser Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Three
Pillars
Funding LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

S-2

 

	 	 	 	 	 
	 	 	Swift
Receivables
Corporation
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Swift
Transportation
Corporation
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

S-3

 

Guarantor’s
Acknowledgment and
Consent

     The undersigned, Swift Transportation Co., Inc., has heretofore executed and delivered
the Amended and Restated Limited Guaranty dated as of
December 21, 2005 (the “Guaranty”) and hereby
consents to the First Amendment to the Sale Agreement as set forth above and confirms that the
Guaranty and all of the undersigned’s obligations thereunder remain in full force and effect. The
undersigned further agrees that the consent of the undersigned to any further amendments to the
Sale Agreement shall not be required as a result of this consent having been obtained, except to
the extent, if any, required by the Guaranty referred to above.

	 	 	 	 	 
	 
	 	 	 	 
	 	 	Swift
Transportation
Co.,
Inc.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	     Title:exv10w1

 

Exhibit 10.1

	 	 	 
	[Name]

	 	[Department]
	 
	 	 
	[Address]
	 	 
	 
	 	 
	Dear XXXXX,
	 	 

     On December 21, 1999, CSK Auto Corporation awarded to you stock options to purchase XXX shares
of CSK Auto common stock at an exercise price of $14.00/share with a three year vesting schedule.
This letter is intended to amend the terms of such options to extend the expiration date and to
document your acceptance of the options and the terms and conditions under which they were granted.

     Pursuant to the terms of your stock option grant, your options are currently set to expire on
December 21, 2006. As you may know, CSK Auto has informed all holders of Company stock options
that they are currently prohibited from exercising their stock options due to restrictions imposed
by federal securities laws. CSK Auto anticipates that this option exercise prohibition may extend
through the end of this year and beyond (until the Company is and remains current in its financial
reporting obligations), meaning that you will not be permitted to exercise your options prior to
the December 21, 2006 expiration date. As a result, CSK Auto has decided to amend your December
21, 1999 stock options to extend the expiration date until December 31, 2007.

     In order to satisfy certain requirements under the federal tax code in connection with the
extension of your options, your signature below is deemed to be both an acceptance of CSK Auto’s
offer to extend the expiration date of your December 21, 1999 stock options until December 31, 2007
and an election by you to either exercise your December 21, 1999 stock options during 2007 (once
such an exercise is otherwise permissible under federal securities laws, including laws regarding
insider trading, and the Company’s insider trading policies, and subject to any other exercise
restrictions set forth in the governing stock option plan and contract) or to allow them to expire
unexercised at the end of 2007. As a result of the continuing option exercise prohibition and this
extension of your options, you will not be permitted to exercise your December 21, 1999 stock
options in 2006.

     Please note that CSK Auto is not providing here nor will it provide tax, legal or financial
advice. You are urged to consult your own advisors in connection with taking any action with
respect to your stock options.

	 	 	 	 	 	 	 	 
	CSK AUTO CORPORATION
	 
	 	 	 	 	 	 
	By:

	 	/s/ Maynard Jenkins	 	 	 	 
	 

	 	 
	 	 
	 
	 	 	 	 	 	 
	Maynard Jenkins	 	Optionee	 	 
	 
	 	 	 	 	 	 
	Chairman & CEO	 	Date

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