Document:

Exhibit 10.1.1

 

 

AMENDMENT NO. 1 TO

PURCHASE AGREEMENT

 

THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT (this “Agreement”)
is made as of April     , 2005, by and among (i) VeriFone
Holdings, Inc., a Delaware corporation (the “Company”), (ii) GTCR
Fund VII, L.P., a Delaware limited partnership (“GTCR Fund VII”) and
GTCR Co-Invest, L.P., a Delaware limited partnership (“Co-Invest” and
together with GTCR Fund VII, each a “GTCR Purchaser” and collectively
the “GTCR Purchasers”) and (iii) TCW/Crescent Mezzanine Partners
III, L.P., a Delaware limited partnership, TCW/Crescent Mezzanine Trust III, a
Delaware business trust, TCW/Crescent Mezzanine Partners III Netherlands, L.P.,
a Delaware limited partnership and TCW Leveraged Income Trust IV, L.P., a
Delaware limited partnership (such four TCW entities collectively the “TCW/Crescent
Purchasers”).  The GTCR Purchasers
and the TCW/Crescent Purchasers are collectively referred to herein as the “Purchasers”
and individually as a “Purchaser”.

 

WHEREAS, the Purchasers and the Company are parties to
a Purchase Agreement, dated as of July 1, 2002 (the “Purchase Agreement”),
which set forth the terms pursuant to which the Purchasers purchased Common
Stock of the Company (“Common Stock”) and Class A Preferred Stock
of the Company (the “Class A Preferred Stock”);

 

WHEREAS, the Company expects to offer its Common Stock
for sale to the public in an initial public offering pursuant to a Registration
Statement on Form S-1 filed with the Securities and Exchange Commission
(the “Initial Public Offering”); and

 

WHEREAS, the Company and the Purchasers desire to
amend the Purchase Agreement as set forth herein.

 

NOW THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties,
intending to be legally bound, hereby agree as follows:

 

1.             Defined
Terms.  All capitalized terms which
are not defined herein shall have the same meanings as set forth in the
Purchase Agreement.  Except as
specifically set forth herein, the Purchase Agreement shall remain in full
force and effect and its provisions shall be binding on the parties hereto.

 

2.             Termination
of Certain Provisions of the Purchase Agreement.  Upon the consummation of the Initial Public
Offering, each of the following provisions of the Purchase Agreement shall
terminate and shall have no further force or effect:

 

(a)           Section 3C
(Restrictions);

 

(b)           Section 3D
(Affirmative Covenants); and

 

(c)           Section 3H
(Unrelated Business Taxable Income).

 

3.             Amendment
to the Introductory Phrase of Section 3A.  The introductory phrase of Section 3A
(Financial Statements and Other Information) shall be deleted in its entirety

 

 

and replaced with
the following phrase: “The Company shall deliver the following to each
Purchaser (so long as such Purchaser or its Affiliates holds any of the Company’s
Common Stock or Class A Preferred Stock); provided that in the
event any Purchaser provides written notice to the Company of its election not
to receive the following statements, reports, documents or other information,
the Company shall not deliver such statements, reports, documents or other
information to such Purchaser for such period of time as such Purchaser has
indicated in its written notice:”

 

4.             Amendment
to Section 3B.  The following
sentence shall be added to the end of Section 3B (Inspection of
Property):  “The right of each Purchaser
under this Section 3B shall (i) terminate at such time that such
Purchaser or its Affiliates no longer hold any of the Company’s Common Stock
and (ii) be suspended with respect to any Purchaser for such period of
time as may be designated from time to time by written notice by such Purchaser
to the Company.”

 

5.             Amendment
to Section 3F.  The following
sentence shall be added to the end of Section 3F (Amendment of Other Agreements):  “The right of the Majority Holders under this
Section 3F shall terminate at such time that the GTCR Purchasers or their
Affiliates hold less than 37.5% of the shares of the Company’s Common Stock
held by the GTCR Purchasers after the consummation of the Company’s Initial
Public Offering.”

 

6.             New Section 3J
of the Purchase Agreement.  A new Section 3J
of the Purchase Agreement is hereby inserted as follows:

 

“3J.         Board
Committees.  Upon the consummation of
the Initial Public Offering, the Company shall have a three member Compensation
Committee of the Board and a three member Corporate Governance Committee of the
Board.  The membership of each of these
committees shall include at least one representative designated by the GTCR
Purchasers, to the extent permitted by applicable law and the rules of the
New York Stock Exchange, and each
committee’s membership shall not be increased without the consent of the GTCR
Purchasers.  This Section 3J shall
terminate at such time that the GTCR Purchasers or their Affiliates hold less
than 37.5% of the shares of the Company’s Common Stock held by the GTCR
Purchasers after the consummation of the Company’s Initial Public Offering.”

 

7.             Amendment
to Section 7D.  The following
sentence shall be added to the end of Section 7D (Consent to
Amendments):  “The right of the Majority
Holders under this Section 7D shall terminate at such time that the GTCR
Purchasers or their Affiliates hold less than 37.5% of the shares of the
Company’s Common Stock held by the GTCR Purchasers after the consummation of
the Company’s Initial Public Offering.”

 

8.             Effective
Time.  The amendments to the Purchase
Agreement contemplated by this Agreement shall be deemed effective upon the
consummation of the Company’s Initial Public Offering without any further
action required by the parties.

 

9.             Governing
Law.  The corporate law of Delaware
shall govern all issues concerning the relative rights of the Company and its
stockholders.  All other questions
concerning the construction, validity and interpretation of this Agreement
shall be governed by

 

2

 

and construed in
accordance with the internal laws of the State of Delaware, without giving
effect to any choice of law or conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Delaware.

 

10.           Amendment.  No provisions of this Agreement may be
amended, except as permitted pursuant to Section 7D of the Purchase
Agreement, as amended by this Agreement.

 

11.           Counterparts.  This Agreement may be executed simultaneously
in two or more counterparts (including by means of telecopied signature pages),
any one of which need not contain the signatures of more than one party, but
all such counterparts taken together shall constitute one and the same
Agreement.

 

* * * * *

 

3

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement on the date first written above.

 

 

	
   

  	
  VERIFONE HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Douglas G. Bergeron

  	
   

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GTCR FUND VII, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Partners VII, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Golder Rauner,
  L.L.C.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Collin E. Roche, its
  Principal

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GTCR CO-INVEST, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Partners VI, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Golder Rauner,
  L.L.C.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Principal

  	
   

  
					

 

 

[Signature Page to Amendment No.
1 to Purchase Agreement]

 

4

 

	
   

  	
  TCW/CRESCENT MEZZANINE
  PARTNERS III,

  L.P.

  
	
   

  	
  TCW/CRESCENT MEZZANINE
  TRUST III

  
	
   

  	
  TCW/CRESCENT MEZZANINE
  PARTNERS III

  NETHERLANDS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Crescent Mezzanine

  	
   

  
	
   

  	
   

  	
  Management III, L.L.C.,

  	
   

  
	
   

  	
  its Investment manager

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  its Sub-Advisor

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TCW LEVERAGED INCOME
  TRUST IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  as its Investment
  Advisor

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  as its Managing Member
  of

  	
   

  
	
   

  	
   

  	
  TCW (LINC IV) L.L.C.,
  the General

  	
   

  
	
   

  	
   

  	
  Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
								

 

5Exhibit
10.2.1

 

 

AMENDMENT NO. 2 TO STOCKHOLDERS AGREEMENT

 

This AMENDMENT NO. 2 TO STOCKHOLDERS AGREEMENT (this “Amendment”),
dated as of April       , 2005, is entered
into by and among VeriFone Holdings, Inc., a Delaware corporation (the “Company”)
and certain of its stockholders.

 

WHEREAS, the Company and certain stockholders of the
Company are parties to a Stockholders Agreement, dated July 1, 2002 (as
amended, the “Stockholders Agreement”).

 

WHEREAS, the Company has determined that it is in the
best interests of the Company and its stockholders to register shares of its
Common Stock with the Securities and Exchange Commission pursuant to a
registration statement on Form S-1 (File No. 333-121947) and list its
shares of Common Stock for trading on the New York Stock Exchange.

 

WHEREAS, the Company expects to offer its Common Stock
for sale to the public in an initial public offering pursuant to a registration
statement on Form S-1 filed with the Securities and Exchange Commission
(an “Initial Public Offering”).

 

WHEREAS, the Company and certain stockholders of the
Company wish to amend the Stockholders Agreement in anticipation of such
registration.

 

WHEREAS, Section 13 of the Stockholders
Agreement provides that such agreement may be amended by the Company and the
holders of a majority of the Investor Shares without the consent of the other
parties to the Stockholders Agreement, so long as such amendment does not
adversely affect one class or group of stockholders in a manner different than
any other class or group of stockholders.

 

WHEREAS, the provisions of this Amendment do not
adversely affect any stockholder of the Company in a manner different than any
other class or group of stockholders.

 

NOW THEREFORE, in consideration of the mutual
covenants contained herein, and other good and valuable consideration, the
parties agree as follows:

 

1.             Termination
of Certain Provisions of the Stockholders Agreement.  Upon the consummation of the Initial Public
Offering, each of the following provisions of the Stockholders Agreement shall
terminate and shall have no further force or effect:

 

(a)           Section 8
(Financial Statements and Other Information); and

 

(b)           Section 10
(Transfers; Transfers in Violation of Agreement).

 

2.             Miscellaneous.

 

(a)           Defined
Terms.  Capitalized terms not defined
in this Amendment shall have the meanings given to them in the Stockholders
Agreement.

 

(b)           Survival
of Other Provisions.  All of the
other covenants, agreements, representations, warranties, promises or other
terms and conditions of the Stockholders

 

 

Agreement shall
remain in full force and effect according to their terms without any change
whatsoever.

 

(c)           Entire
Agreement.  This Amendment
constitutes the full and entire understanding and agreement of the parties with
respect to the subject matter hereof, and there are no further or other
agreements or undertakings, written or oral, in effect between the parties
relating to the subject matter hereof unless expressly referred to in this
Amendment.

 

(d)           Execution
in Counterparts.  This Amendment may
be executed in any number of counterparts and in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same instrument.

 

*       *       *       *

 

2

 

IN WITNESS WHEREOF, the parties have signed this
Amendment as of the date set forth in the first paragraph of this Amendment.

 

	
   

  	
  VERIFONE HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Douglas G. Bergeron

  	
   

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  	
   

  
					

 

 

Signature Page to
Amendment No. 2 of Stockholders Agreement

 

 

	
   

  	
  Agreed and Accepted:

  
	
   

  	
   

  
	
   

  	
  GTCR FUND VII, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Partners VII, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Golder Rauner,
  L.L.C.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Collin E. Roche, its
  Principal

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GTCR CO-INVEST, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Partners VI, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Golder Rauner,
  L.L.C.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Principal

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GTCR CAPITAL PARTNERS,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Mezzanine
  Partners, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Partners VI, L.P.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GTCR Golder Rauner,
  L.L.C.

  	
   

  
	
   

  	
  Its:

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Principal

  	
   

  

 

 

	
   

  	
  Agreed and Accepted:

  
	
   

  	
   

  
	
   

  	
  TCW/CRESCENT MEZZANINE

  PARTNERS III, L.P.

  
	
   

  	
  TCW/CRESCENT MEZZANINE
  TRUST III

  
	
   

  	
  TCW/CRESCENT MEZZANINE

  PARTNERS III NETHERLANDS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Crescent Mezzanine

  	
   

  
	
   

  	
   

  	
  Management III, L.L.C.,

  	
   

  
	
   

  	
   

  	
  its Investment manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  its Sub-Advisor

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TCW LEVERAGED INCOME
  TRUST IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW/Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  as its Investment
  Advisor

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  TCW Asset Management
  Company,

  	
   

  
	
   

  	
   

  	
  as its Managing Member
  of

  	
   

  
	
   

  	
   

  	
  TCW (LINC IV) L.L.C.,
  the General

  	
   

  
	
   

  	
   

  	
  Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

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