Document:

exv4w1

Exhibit 4.1

AMENDMENT NO. 1

TO

AMENDED AND RESTATED WARRANT AGREEMENT

          This Amendment No. 1, dated as of October 7, 2009 (this “Amendment”), to the Amended and
Restated Warrant Agreement, dated as of July 20, 2009 (the “Warrant Agreement”), between Global
Consumer Acquisition Corp. (the “Company”), a Delaware corporation, and Continental Stock Transfer
& Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”), is hereby entered
into between the Company and the Warrant Agent. Capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to such terms in the Warrant Agreement.

          WHEREAS, on October 7, 2009, the stockholders of the Company approved the Company’s initial
business combination, along with certain amendments to (i) the Company’s Amended and Restated
Certificate of Incorporation as set forth in the Company’s Second Amended and Restated Certificate
of Incorporation, filed with the Secretary of State of the State of Delaware on October 7, 2009,
and (ii) certain amendments to the Investment Management Trust Agreement, dated as of November 27,
2007 (the “Trust Agreement”), between the Company and Continental Stock Transfer & Trust Company,
as trustee (the “Trustee”) as set forth in the Amendment to the Trust Agreement, dated as of
October 7, 2009, between the Company and the Trustee (the “Trust Agreement Amendment”).

          WHEREAS, pursuant to Section 9.9 of the Warrant Agreement, the Warrant Agreement may be
amended by the Company and the Warrant Agent without the consent of any registered holder of the
Company’s Warrants for the purpose of correcting or supplementing any defective provision contained
in the Warrant Agreement or adding or changing any other provisions with respect to matters or
questions arising under the Warrant Agreement as the Company and the Warrant Agent deem necessary
or desirable and that such parties deem shall not adversely affect the interest of the registered
holders of the Warrants.

          WHEREAS, in order to reconcile the Warrant Agreement with (i) the amended provisions of the
Company’s Amended and Restated Certificate of Incorporationas set forth in the Company’s Second
Amended and Restated Certificate of Incorporation, and (ii) the amended provisions of the Trust
Agreement as set forth in the Trust Agreement Amendment, the Company and the Warrant Agent desire
to amend the Warrant Agreement as set forth below.

          Therefore, the Company and the Warrant Agent hereby agree to amend the Warrant Agreement as
follows:

          1. Section 3.2 of the Warrant Agreement is hereby amended by deleting the section in its
entirety in its entirety and replacing it with the following:

     “3.2 Duration of Warrants. A Warrant may be exercised only during the period
(the “Exercise Period”) commencing on the completion of the initial acquisition by the
Company of one or more operating businesses or assets through a merger, capital stock
exchange, asset or stock acquisition, exchangeable share transaction or other similar
business combination (a “Business Combination”) and terminating at 5:00 p.m., New York City
time on the earlier to occur of (i) seven years after the closing of the Business
Combination and (ii) the date fixed for redemption of the Warrants as provided in Section 6
of this Warrant Agreement (the “Expiration Date”); provided, however, that the Warrants
shall not be exercisable and the Company shall not be obligated to issue Common Stock in
respect thereof unless, at the time a holder seeks to

 

 

exercise the Warrants, a prospectus relating to the Common Stock issuable upon exercise of
the warrants is current and the Common stock has been registered or qualified or deemed to
be exempt under the securities laws of the state of residence of the holder of the Warrants.
Except with respect to the right to receive the Redemption Price (as set forth in Section 6
hereunder), each Warrant not exercised on or before the Expiration Date shall become void,
and all rights thereunder and all rights in respect thereof under this Warrant Agreement
shall cease at the close of business on the Expiration Date. The Company in its sole
discretion may extend the duration of the Warrants by delaying the Expiration Date;
provided, however, that any extension of the duration of the Warrants must apply equally to
all of the Warrants.”

          2. Section 4.8 of the Warrant Agreement is hereby amended by deleting the section in its
entirety in its entirety and replacing it with the following:

     “4.8. Extraordinary Dividends. If the Company, at any time during the
Exercise Period, shall pay a dividend or make a distribution in cash, securities or other
assets to the holders of Common Stock (or other shares of the Company’s capital stock into
which the Warrants are convertible), other than (w) as described in Sections 4.1, 4.2 or
4.4, (x) regular quarterly or other periodic dividends, (y) in connection with the
conversion rights of the holders of Common Stock or (z) in connection with the Company’s
liquidation and the distribution of its assets upon its failure to consummate a Business
Combination (any such non-excluded event being referred to herein as an “Extraordinary
Dividend”), then the Warrant Price shall be decreased, effective immediately after the
effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market
value (as determined by the Company’s Board of Directors in good faith) of any securities or
other assets paid on each share of Common Stock in respect of such Extraordinary Dividend.”

          3. Section 8.6 of the Warrant Agreement is hereby amended by deleting the section in its
entirety in its entirety and replacing it with the following:

     “8.6 Waiver. The Warrant Agent acknowledges that it has read the prospectus
contained in the Registration Statement and understands that the Company has established a
trust fund (the “Trust Fund”) with the net proceeds of the Public Offering and the insider
private placement of insider warrants for the benefit of the public stockholders and that
the Company may disburse monies from the Trust Fund only (i) to the public stockholders in
the event of the conversion of their shares or the liquidation of the Company or (ii) to the
Company after such public stockholders approve the Business Combination. For and in
consideration of the value to be received in connection with this Warrant Agreement, the
Warrant Agent hereby agrees that it does not have any right, title, interest or claim of any
kind in or to any monies in the Trust Fund (each a
“Claim”) and hereby waives any Claim
against the Trust Fund it may have in the future as a result of, or arising out of, any
negotiations, contracts or agreements with the Company, and will not seek recourse against
the Trust Fund for any reason whatsoever.”

          4. Except as expressly modified hereby, the terms of each of the Warrant shall remain in full
force and effect.

          5. This Amendment may be signed in any number of counterparts, each of which shall be an
original and all of which shall be deemed to be one and the same instrument, with the same effect
as if the signatures thereto and hereto were upon the same instrument. A facsimile signature shall
be deemed to be an original signature for purposes of this Amendment.

2

 

          6. This Amendment shall be governed by and construed and enforced in accordance with the laws
of the State of New York, without giving effect to conflicts of law principles that would result in
the application of the substantive laws of another jurisdiction.

[Remainder of Page Intentionally Left Blank]

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          IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the day and year
first above written.

	 	 	 	 	 
	 	GLOBAL CONSUMER ACQUISITION CORP.

 	 
	 	By:  	/s/ Jason N. Ader
 	 
	 	 	Name:  	Jason N. Ader 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	CONTINENTAL STOCK TRANSFER &

TRUST COMPANY

w

 	 
	 	By:  	/s/ Steven Nelson
 	 
	 	 	Name:  	Steven Nelson 	 
	 	 	Title:  	Chairmanexv10w1

Exhibit 10.1

AMENDMENT TO INVESTMENT MANAGEMENT TRUST AGREEMENT

     This Amendment (this “Amendment”), dated as of October 7th, 2009, to the Investment Management
Trust Agreement (as defined below) is made by and among Global Consumer Acquisition Corp., a
Delaware corporation (“GCAC”), and Continental Stock Transfer & Trust Company (“Trustee”). All
terms used but not defined herein shall have the meanings assigned to them in the Agreement (as
defined below).

     WHEREAS, GCAC and the Trustee entered into an Investment Management Trust Agreement dated as
of November 27, 2007 (the “Agreement”); and

     WHEREAS, Section 1(j) of the Agreement sets forth the terms that govern the liquidation of the
Trust Account under the circumstances described therein; and

     WHEREAS, GCAC has sought the approval of the Public Stockholders to amend its certificate of
incorporation (the “Charter Amendment Proposals”) to eliminate all provisions therein relating to
its status as a blank check company and to enter into this Amendment (the “Trust Agreement
Amendment Proposal”).

     NOW THEREFORE, in consideration of the foregoing and the representations, warranties,
covenants and agreements herein contained and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

     1. Section 1(j) shall be amended and restated in its entirety as follows:

     “(j) Commence liquidation of the Trust Account only upon receipt of and only in
accordance with the terms of a letter (the “Termination Letter”), in a form
substantially similar to that attached hereto as either Exhibit A or Exhibit B,
signed on behalf of the Company by its President or Chairman of the Board and
Secretary, and complete the liquidation of the Trust Account and distribute the
Property in the Trust Account only as directed in the Termination Letter and the
other documents referred to therein. The Trustee understands and agrees that,
except as provided in paragraph 1(i) hereof, disbursements from the Trust Account
shall be made only pursuant to the terms of a duly executed Partial Release Letter
or Termination Letter, as defined in paragraph 2(b) and 1(j), respectively.”

     2. All other provisions of the Agreement shall continue in full force and effect from the date hereof until terminated in accordance with the terms of the Agreement.

     3. This Amendment may be signed in any number of counterparts, each of which shall be
an original and all of which shall be deemed to be one and the same instrument, with the
same effect as if the signatures thereto and hereto were upon the same instrument. A
facsimile signature shall be deemed to be an original signature for purposes of this
Amendment.

 

 

     4. This Amendment is intended to be in full compliance with the requirements for an
Amendment to the Agreement as required by Section 7(c) of the Agreement, and every defect in
fulfilling such requirements for an effective amendment to the Agreement is hereby ratified,
intentionally waived and relinquished by all parties hereto.

     5. This Amendment shall be governed by and construed and enforced in accordance with
the laws of the State of New York, without giving effect to conflicts of law principles that
would result in the application of the substantive laws of another jurisdiction.

[Remainder of page intentionally left blank]

 

 

     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and
year first above written.

	 	 	 	 	 
	 	GLOBAL CONSUMER ACQUISITION CORP.

 	 
	 	By:  	/s/
Jason
N. Ader 	 
	 	 	Name: Jason
N. Ader	 
	 	 	Title: Chief Executive Officer
	 
	 	 	 	 
	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY

 	 
	 	By:  	/s/
Steven
Nelson 	 
	 	 	Name: Steven Nelson	 
	 	 	Title: Chairman	 
	 	 	 	 
	 

 

 

EXHIBIT A

[Letterhead of Company]

[                    ], 2009

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson and Frank Di Paolo

Re: Trust Account No. [     ] — Termination Letter

Gentlemen:

     This is to advise you that Global Consumer Acquisition Corp. (the “Company”) has entered into
an agreement (“Business Agreement”) with                      (“Target Business”) to consummate a business
combination and will hold a special meeting of stockholders at which each of the Charter Amendment
Proposals, the Trust Agreement Amendment Proposal and the Acquisition Proposal, as set forth in the
Registration Statement filed on Form S-4 with the Securities & Exchange Commission on September 18,
2009, File No. 333-161970, will be presented to stockholders, on or about                     , 2009 (the
“Disbursement Date”).

     In accordance with the terms of the Investment Management Trust Agreement between the Company
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of November 27, 2007 (the
“Trust Agreement”), as amended from time to time by the parties thereto, we hereby authorize you to
liquidate the Trust Account investments on                     , 2009 (the “Liquidation Date”) and to transfer
the proceeds to the above referenced checking account at                      to the effect that, on the
Disbursement Date, all of the funds held in the Trust Account will be immediately available for
transfer to the account or accounts that the Company shall direct on the Disbursement Date. It is
acknowledged and agreed that while the funds are on deposit in the trust checking account awaiting
distribution, the Company will not earn any interest or dividends.

     On the Disbursement Date, the Company shall deliver to you (i) written notification that each
of the Charter Amendment Proposals, the Trust Agreement Amendment Proposal and the Acquisition
Proposal were approved by the Company’s stockholders, (ii) a certificate of DF King & Co., Inc.
(the “Inspector of Election”) which verifies the vote of the Company’s stockholders in connection
with each of the Charter Amendment Proposals, the Trust Agreement Amendment Proposal and the
Acquisition Proposal, and (iii) written instructions with respect to the transfer of the funds held
in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the
funds held in the Trust Account immediately upon your receipt of the Company’s notification and
the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that
certain deposits held in the Trust Account may not be liquidated by the Disbursement Date without
penalty, you will notify the Company of the same and the Company shall direct you as to whether
such funds should remain in the Trust Account and be distributed after the Disbursement Date to the
Company. Upon the distribution of all the

 

 

funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be
terminated and the Trust Account closed.

	 	 	 	 	 
	 	Very truly yours,

GLOBAL CONSUMER ACQUISITION CORP.

 	 
	 	By:

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