Document:

EX-10.3

Exhibit 10.3

EXECUTION COPY

March 25, 2009

CONFIDENTIAL 

Deutsche Bank Securities Inc.

Citigroup Global Markets Inc.

c/o Deutsche Bank Securities Inc.

60 Wall Street, 4th Floor

New York, New York 10005

	 	Re: 	 	 Amkor Technology, Inc.
 $240,000,000 Convertible Senior Subordinated
Notes due 2014 

Ladies and Gentlemen:

     We refer to the purchase agreement expected to be entered into on or around March 26,
2009 (the “Purchase Agreement”) between Amkor Technology, Inc. (“Amkor”),
Deutsche Bank Securities Inc. (“DBSI”) and Citigroup Global Markets Inc.
(“CGM” and, together with DBSI, the “Initial Purchasers”) and to the
Convertible Senior Subordinated Notes due 2014 (the “Notes”) to be sold by Amkor
thereunder to the Initial Purchasers. This letter agreement (the “Letter
Agreement”), when agreed to and accepted by the Initial Purchasers, will evidence the
agreement between the Initial Purchasers and Mr. James Kim and/or certain of his affiliates
identified in Schedule A hereto (collectively, the “Acquiring Parties”, and
each an “Acquiring Party”) regarding the commitment (the “Commitment”) by
the Acquiring Parties to purchase Notes from the Initial Purchasers, which Notes the
Initial Purchasers will acquire in connection with the offering of the Notes pursuant to
the Purchase Agreement (the “Offering”).

     In consideration of the mutual covenants and agreements of the parties herein, the
Acquiring Parties and the Initial Purchasers agree as follows:

     1. Each of the Acquiring Parties agrees that the Commitment consists of their
obligation to purchase, in the aggregate, a minimum of $150,000,000 and up to a
maximum of $200,000,000 aggregate principal amount of the Notes in the Offering.
The aggregate amount of Notes that shall be purchased by the Acquiring Parties pursuant to this Agreement (the
“Aggregate Purchase Amount”) shall be the amount of Notes identified to Mr.
James Kim by the Initial Purchasers no later than 30 minutes prior to the Execution
Time (as such term is defined in the Purchase Agreement). The Aggregate Purchase
Amount shall be the aggregate principal

 

 

amount of Notes offered in the Offering less the aggregate principal amount of Notes the
Initial Purchasers have sold in the Offering to other purchasers; provided, that the Aggregate
Purchase Amount shall not exceed $200,000,000.

     2. The Acquiring Parties agree to purchase, in the aggregate, from the Initial
Purchasers that portion of the Aggregate Purchase Amount determined by multiplying the
Aggregate Purchase Amount by a fraction, the numerator of which is the maximum
aggregate principal amount of the Notes to be purchased by such Acquiring Party in the
Offering (as such Acquiring Party or its representative shall notify the Initial
Purchasers in writing not less than 12 hours prior to the proposed pricing date for
the Offering) and the denominator of which is the Aggregate Purchase Amount.

     3. Each of the Acquiring Parties hereby acknowledges and agrees that the purchase
price for the Notes shall be equal to the initial offering price of the Notes as set
forth on the cover of the final Offering Memorandum relating to the Offering.

     4. The Initial Purchasers hereby covenant and agree, severally and not jointly,
that they will in aggregate sell the Acquiring Parties the Aggregate Purchase Amount
of the Notes that they purchased in the Offering, with each Acquiring Party to
receive the applicable aggregate principal amounts determined pursuant to paragraph
(2) above.

     5. Each of the Acquiring Parties hereby acknowledges, represents and warrants, and
agrees with each of the Initial Purchasers that: (a) it is an “accredited investor”
within the meaning of Section 501(a) of the Securities Act of 1933, as amended (the
“Securities Act”), and (b) it (i) is of legal age to execute this Letter
Agreement (if he or she is a natural person); (ii) has all requisite power and
authority to enter into this Letter Agreement and perform its obligations hereunder;
(iii) has taken all necessary action to duly authorize the execution, delivery and
performance of this Letter Agreement and the consummation of the transactions
contemplated hereby; (iv) has duly executed and delivered this Letter Agreement and,
assuming due execution and delivery by the Initial Purchasers, this Letter Agreement
constitutes a legal, valid and binding obligation of such Acquiring Party, enforceable
in accordance with its terms; and (v) is acquiring the Notes for its own account (or
accounts over which it exercises sole investment discretion) and not with a view to any
distribution of the Notes.

     6. Mr. James J. Jim hereby acknowledges, represents and warrants, and agrees with
each of the Initial Purchasers that he has all requisite power and authority to act
with full power and authority in the name of, for and on behalf of, each of the other
Acquiring Parties with respect to all matters arising in connection the purchase by
such Acquiring Party of its agreed portion of the Commitment and other matters in
connection with the Offering.

     7. Each Acquiring Party understands and acknowledges that the Notes have not been and
may not be registered under the Securities Act, or qualified under

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any state or foreign securities laws, and are being sold to it in a transaction that is exempt
from the registration requirements of the Securities Act, and that, as a result, the Notes may
not be offered for sale, sold, assigned or transferred unless the Notes are registered or an
exemption from the registration and prospectus delivery requirements of the Securities Act is
available. Each Acquiring Party understands that (i) the Notes will be delivered to it in
registered form only, (ii) the certificate delivered to it in respect of the Notes will bear a
legend to the effect of the preceding sentence, and (iii) such certificate will be reissued
without such legend only in the event of a disposition of the Notes in accordance with the
relevant provisions of the Indenture. Each Acquiring Party acknowledges that there is no
reassurance that such an exemption from registration will ever be available or that the Notes
will ever be able to be sold.

     8. Each Acquiring Party acknowledges that, so long as it is an “affiliate” of
Amkor (as such term is defined in Rule 144 (“Rule 144”) promulgated under the
Securities Act) the Indenture governing the Notes will limit its ability to sell any
Notes that it holds at any time that constitute “restricted securities” under Rule 144
other than (i) pursuant to an effective registration statement under the Securities
Act, (ii) pursuant to the exemption from registration provided by Rule 144 (if
available) or (iii) to persons who agree to be bound by the restrictions applicable to
such Acquiring Party.

     9. Each Acquiring Party acknowledges and agrees that it has been furnished with
all materials relating to the business, finances and operations of Amkor and materials
relating to the offer and sale of the Notes that it has requested. Each Acquiring
Party acknowledges that it has been afforded the opportunity to ask questions of
Amkor. Each Acquiring Party represents and warrants that it has sought such
accounting, legal and tax advice as it has considered necessary and appropriate to
enable it to evaluate the risk inherent in making an investment in the Notes. Each
Acquiring Party acknowledges and agrees that (i) the purchase and sale of the Notes
pursuant to this Letter Agreement is an arm’s-length commercial transaction between
such Acquiring Party, on the one hand, and the Initial Purchasers, on the other, (ii)
in connection therewith and with the process leading to such transaction each of the
Initial Purchasers is acting solely as a principal and not the agent or fiduciary of
such Acquiring Party, (iii) neither of the Initial Purchasers has assumed an advisory
or fiduciary responsibility in favor of such Acquiring Party with respect to the
Offering or the purchase contemplated hereby or the process leading thereto
(irrespective of whether such Initial Purchaser has advised or is currently advising
such Acquiring Party on other matters) or any other obligation to such Acquiring Party
except the obligations expressly set forth in this Letter Agreement and (iv) neither
of the Initial Purchasers nor any person representing the Initial Purchasers has made
any representation with respect to Amkor or the Offering. Each Acquiring Party agrees
that it will not claim that either of the Initial Purchasers has rendered advisory
services of any nature or respect, or owes a fiduciary or similar duty to such
Acquiring Party, in connection with such transactions or the process leading thereto.

3

 

     10. Each Acquiring Party acknowledges and agrees that: (a) it does not require
the assistance of an investment advisor or other purchaser representative to purchase
the Notes; (b) it has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of its investment in Amkor; (c) it
has the ability to bear the economic risks of its investment for an indefinite period
of time; (d) it can afford the complete loss of its investment; and (e) it recognizes
that an investment in the Notes involves substantial risk.

     11. Each of the Acquiring Parties acknowledges and agrees Amkor may rely on the
representations, warranties and covenants given by it in paragraphs (5) through (10)
above as if Amkor was a party to this Letter Agreement.

     12. As of the date hereof, each Acquiring Party shall enter into a lock-up
agreement with the Initial Purchasers, substantially in the form attached hereto as
Exhibit A (the “Lock-Up Agreement”).

     13. Each of Initial Purchasers and the Acquiring Parties hereby acknowledge and
agree that the Initial Purchasers’ obligation to sell the Notes, and the Acquiring
Parties’ obligation to buy the Notes, is expressly subject to the consummation of the
Offering upon the terms and conditions set forth in the Purchase Agreement. The
agreements contained herein shall terminate upon receipt by Mr. James Kim of written
notice of a decision by the Initial Purchasers not to proceed with the Offering.

     14. This Letter Agreement shall terminate and be of no further force and effect if
(i) the Purchase Agreement is not executed within four business days hereof, (ii) in
the event the Purchase Agreement is executed but the Closing of the Offering does not
occur as a result of a termination of the Purchase Agreement prior to such Closing or
(iii) in the event that Amkor notifies the Initial Purchasers in writing that it has
decided to abandon the Offering to the Initial Purchasers; provided, that in the event
of any such termination, the provisions of paragraphs (15) and (17) shall survive such
termination.

     15. Each of the Acquiring Parties agrees, jointly and severally, to indemnify and
hold each of the Initial Purchasers harmless, and each person, if any, who controls
such Initial Purchaser within the meaning of either Section 15 of the Securities Act
or Section 20 of the Securities Exchange Act of 1934, as amended, from and against any
and all losses, claims, damages, liabilities and expenses arising out of or based upon
(i) any inaccuracy of breach of any representations or warranties of any Acquiring
Party in this Letter or (ii) any failure by an Acquiring Party to perform any
agreement or obligation hereunder.

     16. The Letter Agreement shall be binding upon and shall inure to the benefit
of the parties hereto, and their respective successors and permitted assigns, and no
other person shall have any rights or obligations
hereunder. Neither of the Initial Purchasers nor any Acquiring Party may
assign (whether by operation of law or otherwise) the obligations set forth herein.

4

 

     17. Each of the Initial Purchasers, severally and not jointly, and each of the
Acquiring Parties hereby agrees and acknowledges that any claim, counterclaim or
dispute of any kind or nature whatsoever arising out of or in any way relating to this
Letter Agreement (a “Claim”) may be commenced, prosecuted or continued in any court of
the State of New York located in the City and County of New York or in the United
States District Court for the Southern District of New York, which courts shall have
jurisdiction over the adjudication of such matters, and each Acquiring Party consents
to the non-exclusive jurisdiction of such courts and personal service with respect
thereto and waives any objection to such venue. Each party hereto waives any right to
trial by jury in any action, claim, suit or proceeding with respect to the matters
contained herein. Each of the Acquiring Parties agrees that a final judgment in any
such action, proceeding or counterclaim brought in any such court shall be conclusive
and binding upon such Acquiring Party and may be enforced in any other courts to the
jurisdiction of which such Acquiring Party is or may be subject, by suit upon such
judgment.

     18. This Letter Agreement and the Lock-Up Agreement constitute the full and
entire understanding and agreement between the parties hereto with regard to the
subject matter hereof and supersedes all prior oral or written (and all
contemporaneous oral) agreements or understandings with respect to the subject matter
hereof.

     19. THIS LETTER AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED UNDER THE LAWS
OF THE STATE OF NEW YORK.

     20. This Letter Agreement may be executed in multiple counterpart copies, each of
which shall be considered an original and all of which shall constitute one and the
same instrument binding on all the parties, notwithstanding that all parties are not
signatories to the same counterpart.

[Remainder of page intentionally left blank]

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     Please confirm your agreement with the foregoing by signing and dating this Letter Agreement
in the spaces provided below as confirmation of our mutual understandings and agreements, whereupon
this Letter Agreement shall become a binding agreement by and among the parties hereto.

	 	 	 	 	 
	Very truly yours,

MR. JAMES J. KIM

 	 	 
	/s/ James J. Kim
 	 	 
	 	 	 
	 
	915 INVESTMENTS, LP

 	 	 
	By:  	/s/ James J. Kim
 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	AGREED AND ACCEPTED

DEUTSCHE BANK SECURITIES INC.

 	 	 
	By:  	/s/ Adam Howell
 	 	 
	 	Name:  	Adam Howell 	 	 
	 	Title:  	Director	 	 
	 
	By:  	
/s/ Ted Tobiason
 	 	 
	 	Name:  	Ted Tobiason	 	 
	 	Title:  	Managing Director	 	 
	 
	CITIGROUP GLOBAL MARKETS INC.

 	 	 
	By:  	/s/
Guy Stoboitiy
 	 	 
	 	Name:  	Guy Stoboitiy	 	 
	 	Title:  	 	 	 
	 

Date: _________________

 

 

SCHEDULE A

List of Acquiring Parties

	 	 	 
	Name	 	 
	 
	 	 
	Mr. James J. Kim

	 	 
	 
	 	 
	915 Investments, LP
	 	 

 

 

 EXHIBIT A

Form of Lock-Up Agreement

March 25, 2009

Deutsche Bank Securities Inc.

Citigroup Global Markets Inc.

c/o Deutsche Bank Securities Inc.

60 Wall Street, 4th Floor

New York, New York 10005

Ladies and Gentlemen:

     This letter is being delivered to you in connection with a proposed Purchase Agreement
(the “Purchase Agreement”) between Amkor Technology, Inc., a Delaware corporation (the
“Company”) and the initial purchaser (the
“Initial Purchasers”) named therein, relating to
an offering of notes convertible into consideration based on the common stock, $0.001 par
value (the “Common Stock”), of the Company. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Purchase Agreement.

     In order to induce the Initial Purchasers to enter into the Purchase Agreement, the
undersigned will not, without the prior written consent of the Initial Purchasers, directly
or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of, enter into
any transaction which is designed to, or might reasonably be expected to, result in the
disposition (whether by actual disposition or effective economic disposition due to cash
settlement or otherwise) by the undersigned or any affiliate of the undersigned or any
person in privity with the undersigned or any affiliate of the undersigned of, file (or
participate in the filing of) a registration statement with the Securities and Exchange
Commission (the “Commission”) in respect of, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section
16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the
Commission promulgated thereunder in respect of, any shares of capital stock of the Company
or any securities convertible into, or exercisable or exchangeable for such capital stock,
or publicly announce an intention to effect any such transaction, for a period of 90 days
after the date of the Purchase Agreement (the “Lock-Up Period”), other than

	 	(a)	 	the sale of any securities to the Initial Purchasers pursuant to the Purchase
Agreement,
	 
	 	(b)	 	the exercise of options or warrants held by the undersigned as of the date hereof,
provided that any shares of capital stock issued in connection therewith shall be subject
to this lock-up agreement,
	 
	 	(c)	 	transactions in any securities described above pursuant to the terms of any plan
entered into prior to the date hereof pursuant to, and qualifying under the provisions of,
Rule 10b5-1 of the Securities Act of 1933, as amended (the
“Securities Act”), a copy of
which has been provided to the Representative prior to the date hereof, and

 

 

	 	(d)	 	any other transfers (including transfers, sales or other distributions or
dispositions of shares of capital stock, in each case, that are made between and among the
undersigned or members of the undersigned’s family) in connection with which (i) the
Initial Purchasers receive a signed lock-up agreement for the balance of the Lock-Up
Period from each donee, trustee, distributee, or transferee, as the case may be, (ii) any
such transfer shall not involve a disposition for value and (iii) such transfers are not
required during the Lock-Up Period to be reported in any public report or filing with the
Commission (other than any filing of Schedule 13D or any amendment thereto as long as
there is no decrease in the aggregate beneficial ownership of the members of the filing
group), or otherwise, provided that any such transfer pursuant to clause (d) is: (1) a
bona fide gift or gifts; or (2) to any trust, limited partnership or limited liability
company, the beneficiaries or members of which are exclusively the undersigned, or its
limited partners or members, or a member of the immediate family of the undersigned,
including grandchildren (to the extent consistent with the Securities Act of 1933, as
amended, and state securities laws).

     The undersigned agrees that the Company may, and that the undersigned will, (i) with
respect to any Notes, shares of Common Stock or other Company securities for which the
undersigned is the record holder and which are subject to the Lock-Up Period, cause the
relevant transfer agent for the Company to note stop transfer instructions with respect to
such securities on the transfer books and records of the Company and (ii) with respect to
any Notes, shares of Common Stock or other Company securities for which the undersigned is
the beneficial holder but not the record holder and which are subject to the Lock-Up
Period, cause the record holder of such securities to cause the transfer agent for the
Company to note stop transfer instructions with respect to such securities on the transfer
books and records of the Company.

     The undersigned hereby agrees that, to the extent that the terms of the Lock-Up
conflict with or are in any way inconsistent with any registration rights agreement to
which the undersigned and the Company may be a party, this Lock-Up supercedes such
registration rights agreement.

     The undersigned hereby represents and warrants that it has full power and authority to
enter into this Lock-Up Agreement. All authority herein conferred or agreed to be
conferred shall survive the death or incapacity of the undersigned and any obligations of
the undersigned shall be binding on the heirs, personal representatives, successors and
assigns of the undersigned. If for any reason the Purchase Agreement shall be terminated
prior to the Closing Date (as defined in the Purchase Agreement), the agreement set forth
above shall likewise be terminated immediately and the undersigned will be released from
all its obligations under this lock-up agreement.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-10.4

Exhibit 10.4

EXECUTION VERSION

Amkor Technology, Inc.

1900 South Price Road

Chandler, Arizona 85286

March 26, 2009

Ladies and Gentlemen:

     Reference is hereby made to the letter agreement dated as of March 25, 2009 (the “Letter
Agreement”), by and among Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., Mr.
James J. Kim and his affiliates identified on Schedule A thereto (each, an “Acquiring Party”),
pursuant to which the Acquiring Parties have agreed to purchase a minimum of $150.0 million and up
to $200.0 million in aggregate principal amount of Convertible Senior Subordinated Notes due 2014
(the “Notes”) issued by Amkor Technology, Inc., a Delaware corporation (“Amkor”). In
consideration of the mutual covenants and agreements of the parties herein, the Acquiring Parties
and Amkor agree as follows

	 	1.	 	Each Acquiring Party hereby agrees that Amkor is entitled to rely on the
representations, warranties, agreements and acknowledgements made by each Acquiring
Party in Section 5, 6, 7, 8, 9 and 10 of the Letter Agreement as if such Acquiring
Party made such representations, warranties, agreements and acknowledgements directly
to Amkor. Without limiting the foregoing, each Acquiring Party agrees that, so long as
it is an “affiliate” of Amkor (as such term is defined in Rule 144 (as defined below)
the Acquiring Party will not sell any Notes that constitute “restricted securities”
under Rule 144 other than (i) pursuant to an effective registration statement under the
Securities Act, (ii) pursuant to the exemption from registration provided by Rule 144
(if available) or (iii) to persons who agree to be bound by the restrictions applicable
to such Acquiring Party.
	 
	 	2.	 	Each Acquiring Party acknowledges and agrees that the Notes purchased by such
Acquiring Party and the shares of common stock, par value $0.001, of Amkor (the “Common
Stock”) issuable upon conversion of the Notes shall bear a restrictive legend
substantially in the following form:
	 
	 	 	 	THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS
SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A
BENEFICIAL INTEREST HEREIN, THE ACQUIRER AGREES FOR THE BENEFIT OF AMKOR TECHNOLOGY,
INC. (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS
SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF
(X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF
TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION
THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW,
EXCEPT:

	 	(A)	 	TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, OR

 

 

	 	(B)	 	PURSUANT TO A REGISTRATION STATEMENT WHICH HAS
BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR
	 
	 	(C)	 	PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED THAT ANY
TRANSFEREE SHALL AGREE IN WRITING, SATISFACTORY TO THE COMPANY, TO BE
BOUND BY THE FOREGOING RESTRICTIONS; OR
	 
	 	(D)	 	A PLEDGE TO AN AFFILIATE OF THE HOLDER SO LONG
AS SUCH PLEDGEE AGREES IN WRITING TO BE BOUND BY THE TRANSFER
RESTRICTIONS SET FORTH IN THIS LEGEND AND IN THE AGREEMENT, DATED MARCH 26, 2009, AMONG JAMES J. KIM, 915 INVESTMENTS, LP AND THE COMPANY.

	 	 	 	PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (C) ABOVE, THE
COMPANY AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL
OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY BE REASONABLY REQUIRED IN ORDER TO
DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES
ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE
AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT.
	 
	 	3.	 	Each Acquiring Party hereby represents, warrants and covenants to Amkor:

	 	a.	 	Either (i) no portion of the assets used by such Acquiring
Party to acquire and hold the Notes and any Common Stock issuable upon
conversion of the Notes constitutes assets of any employee benefit plan that is
subject to Title I of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), individual retirement account or other arrangement that is
subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the
“Code”), or any entity whose underlying assets are considered to include “plan
assets” on any such plan, account or arrangement, or (ii) the purchase and
holding of the Notes and any Common Stock issuable upon conversion of the Notes
by such Acquiring Party will not constitute a nonexempt prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code;
	 
	 	b.	 	Such Acquiring Party agrees not to conduct hedging transactions
involving the Notes or the underlying shares of Common Stock other than in
accordance with the Securities Act of 1933, as amended (the “Securities Act”),
and other applicable laws; and
	 
	 	c.	 	Such Acquiring Party acknowledges that Amkor and others will
rely upon the truth and accuracy of the above acknowledgements, representations
and agreements. Such Acquiring Party agrees that if any of the
acknowledgements, representations or agreements made herein is no longer
accurate, such Acquiring Party will promptly notify Amkor. If either Acquiring
Party is purchasing any Notes as a fiduciary or agent for one or more investor
accounts, such Acquiring Party represents that it has

 

 

	 	 	 	sole investment discretion with respect to each of those accounts and that it
has full power to make the above acknowledgements, representations and
agreements on behalf of each account.

	 	4.	 	(a) Amkor agrees that if requested by the Acquiring Parties (including
transferees thereof bound by the terms of this Agreement) holding a majority of the
Notes (or shares of Common Stock issued upon conversion of the Notes) at any time
after the first anniversary of the original issuance of the Notes, Amkor will use
reasonable efforts to register, as soon as practicable after the receipt of such
notice, the resale of those Notes held by any Acquiring Party (or a transferee thereof
bound by the terms of this Agreement) that continue to be held by affiliates of the
Amkor (and any shares issued upon conversion thereof) on a Shelf Registration Statement
and to keep such Registration Statement effective and available for effecting resales
by such holders until the earlier of (i) such time as such Notes or Common Stock have
been sold pursuant to an effective registration statement or Rule 144 and (ii) four
years from the last date of original issuance of any of the Notes, subject to
suspension of any such sales during periods when trading is suspended under the Amkor’s
board approved trading policy (unless otherwise agreed by Amkor) and upon the
occurrence of material events with respect to Amkor not yet fully disclosed in filings
incorporated by reference in the registration statement. Amkor shall be obligated to
honor only one demand made pursuant to this Section 4(a).
	 
	 	 	 	(b) Amkor and the Holders will provide to each other all cooperation as may be
reasonably necessary, and shall deliver such instruments, documents or agreements or
information, and shall take such actions, as either may reasonably request in order
to facilitate the filing and effectiveness of the Shelf Registration Statement and
the intent and purposes of this Section 4.
	 
	 	 	 	(c) (i) Amkor agrees to indemnify, to the extent permitted by law, each Holder of
Registrable Securities and their officers, directors, managers, members, partners
and each other Person who controls such Holder (within the meaning of the Securities
Act), as applicable, against all losses, claims, damages, liabilities and expenses
caused by any untrue or alleged untrue statement of material fact contained in any
Shelf Registration Statement, prospectus or preliminary prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not
misleading, except insofar as the same are caused by or contained in any information
furnished in writing to Amkor by such Holder expressly for use therein or by such
holder’s failure to deliver a copy of the Shelf Registration Statement or prospectus
or any amendments or supplements thereto after Amkor has furnished such Holder with
a sufficient number of copies of the same.
	 
	 	 	 	(ii) Each Holder agrees to indemnify, to the extent permitted by law, Amkor and its
officers and directors, as applicable, against all losses, claims, damages,
liabilities and expenses caused by any untrue or alleged untrue statement of
material fact contained in any Shelf Registration Statement, prospectus or
preliminary prospectus or any amendment thereof or supplement thereto or any
omission or alleged omission of a material fact required to be stated therein or
necessary to make the statements therein not misleading, solely to the extent the
same are caused by or contained in any information furnished in writing to Amkor by
such Holder expressly for use therein.

 

 

	 	 	 	(iii) A person entitled to indemnification hereunder (the “indemnified party”)
shall (A) give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification (provided that the failure to give prompt
notice shall not impair any indemnified party’s right to indemnification hereunder
to the extent such failure has not prejudiced the indemnifying party) and (B) unless
in such indemnified party’s reasonable judgment a conflict of interest between such
indemnified party and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party shall not be subject to any liability for any settlement made by
the indemnified party without its consent (but such consent shall not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects not
to, assume the defense of a claim shall not be obligated to pay the fees and
expenses of more than one counsel for all parties indemnified by such indemnifying
party with respect to such claim, unless in the reasonable judgment of any
indemnified party a conflict of interest may exist between such indemnified party
and any other of such indemnified parties with respect to such claim.
	 
	 	 	 	(iii) The indemnification provided for under this agreement shall remain in full
force and effect regardless of any investigation made by or on behalf of the
indemnified party or any officer, director, manager, member, partner or controlling
person of such indemnified party and shall survive the transfer of securities.
Amkor also agrees to make such provisions, as are reasonably requested by any
indemnified party, for contribution to such party in the event the Amkor’s
indemnification is unavailable for any reason. Such provisions shall provide that
the liability amongst the various persons shall be allocated in such proportion as
is appropriate to reflect the relative fault of the such persons in connection with
the statements or omissions which resulted in losses (the relative fault being
determined by reference to, among other things, which person supplied the
information giving rise to untrue statement or omission and each person’s relative
intent, knowledge, access to information and opportunity to correct or prevent such
untrue statement or omission) and, only if such allocation is not respected at law,
would other equitable considerations, such as the relative benefit received by each
person from the sale of the securities, be taken into consideration.
	 
	 	 	 	(d) So long as a Holder is an Affiliate of Amkor, such Holder shall not transfer
or sell any of its Registrable Securities pursuant to the Shelf Registration
Statement at any time when either (i) any blackout period under Amkor’s insider
trading policy is in effect and applicable to all executive officers of Amkor or
(ii) such Holder is in possession of any material non-public information with
respect to Amkor.
	 
	 	 	 	(h) Amkor will use its reasonable efforts to minimize the occurrence and duration
of the periods during which the use of the Shelf Registration Statement is
suspended.
	 
	 	5.	 	As used herein, the following terms have the following meanings:
	 
	 	 	 	“Commission” means the Securities and Exchange Commission.
	 
	 	 	 	“Holder” means a holder of Registrable Securities.
	 
	 	 	 	“Prospectus” means the prospectus included in a Shelf Registration Statement,
including any preliminary prospectus, and any such prospectus as amended or
supplemented by any

 

 

	 	 	 	prospectus supplement, including any such prospectus supplement with respect to the
terms of the offering of any portion of the Registrable Securities covered by a
Shelf Registration Statement, and by all other amendments and supplements to a
prospectus, including post-effective amendments, and in each case including all
material incorporated by reference therein.

	 	 	 	“Registrable Securities” means Notes (and any shares of Common Stock issued upon
conversion thereof) that are held by any Acquiring Party or any transferee thereof
to the extent such holder is an affiliate of the Company under Rule 144;
provided that the Notes (and any shares of Common Stock issued upon
conversion thereof) shall cease to be Registrable Securities upon the earliest of
(i) such time as such Notes (or Common Stock issued upon conversion thereof) have
been sold pursuant to an effective registration statement (including the Shelf
Registration Statement) or (ii) with respect to any Note, such Note is no longer
outstanding.
	 
	 	 	 	“Rule 144” means Rule 144 promulgated under the Securities Act, and any successor
rule thereto.
	 
	 	 	 	“Shelf Registration Statement” means a “shelf” registration statement of Amkor
pursuant to the provisions of Section 4 hereof which covers some or all of the Notes
and the Common Stock issuable upon conversion of the Notes on an appropriate form
under Rule 415 under the Securities Act, or any similar rule that may be adopted by
the Commission, amendments and supplements to such registration statement, including
post-effective amendments, in each case including the prospectus contained therein,
all exhibits thereto and all material incorporated by reference therein.
	 
	 	6.	 	Amkor shall reimburse Mr. James J. Kim for the reasonable legal fees and
expenses incurred by Mr. Kim in connection with the negotiation and purchase of the
Notes by Mr. Kim and/or any other Acquiring Party.
	 
	 	7.	 	This agreement shall terminate and be of no further force and effect upon the
termination of Letter Agreement.
	 
	 	8.	 	The agreement shall be binding upon and shall inure to the benefit of the
parties hereto, and their respective successors and permitted assigns, and no other
person shall have any rights or obligations hereunder. If any transferee of any Holder
shall acquire Registrable Securities, in any manner, whether by operation of law or
otherwise, such Registrable Securities shall be held subject to all of the terms of
this agreement, and such person shall enter into a written agreement with Amkor
agreeing to be bound by and to perform all of the terms and provisions of this
agreement, including the restrictions on resale set forth in this agreement and, if
applicable, the Purchase Agreement or the Indenture, and upon execution of such written
agreement the such person shall be entitled to receive the benefits hereof.
	 
	 	9.	 	Amkor and each of the Acquiring Parties hereby agrees and acknowledges that any
claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in
any way relating to this agreement (a “Claim”) may be commenced, prosecuted or
continued in any court of the State of New York located in the City and County of New
York or in the United States District Court for the Southern District of New York,
which courts shall have jurisdiction over the adjudication of such matters, and each
Acquiring Party consents to the non-exclusive jurisdiction of such courts and personal
service with respect

 

 

	 	 	 	thereto and waives any objection to such venue. Each party hereto waives any right
to trial by jury in any action, claim, suit or proceeding with respect to the
matters contained herein. Each of the Acquiring Parties agrees that a final
judgment in any such action, proceeding or counterclaim brought in any such court
shall be conclusive and binding upon such Acquiring Party and may be enforced in any
other courts to the jurisdiction of which such Acquiring Party is or may be subject,
by suit upon such judgment.
	 
	 	10.	 	This agreement constitutes the full and entire understanding and agreement
between the parties hereto with regard to the subject matter hereof and supersedes all
prior oral or written (and all contemporaneous oral) agreements or understandings with
respect to the subject matter hereof.
	 
	 	11.	 	THIS AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED UNDER THE LAWS OF THE STATE
OF NEW YORK.
	 
	 	12.	 	This agreement may be executed in multiple counterpart copies, each of which
shall be considered an original and all of which shall constitute one and the same
instrument binding on all the parties, notwithstanding that all parties are not
signatories to the same counterpart.

     Capitalized terms used herein and not defined shall have the meanings given to such terms in
the Letter Agreement.

[Remainder of page intentionally left blank]

 

 

     IN WITNESS WHEREOF, each of the undersigned has signed this letter on the date set forth above
and in the capacity indicated.

	 	 	 	 	 
	 	 	 
	 	
/s/ James J. Kim	 
	 	James J. Kim 	 
	 	 	 
	 	915 INVESTMENTS, LP

 	 
	 	
/s/ James J. Kim	 
	 	By: 	James J. Kim 	 
	 	Title:  	General Partner 	 
	 

	 	 	 	 	 
	Accepted and Agreed:

AMKOR TECHNOLOGY, INC.

 	 	 
	By:  	/s/
Joanne Solomon	 	 
	 	Name:  	Joanne Solomon	 	 
	 	Title:  	Corporate Vice President and 

Chief Financial
Officer

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