Document:

AMENDMENT NO. 1 TO DISTRIBUTION AGREEMENT

 
Exhibit 10.2

 
AMENDMENT NO. 1 TO DISTRIBUTION AGREEMENT

 
This Amendment No. 1 to the Distribution
Agreement (defined below) (this “Amendment No. 1”) is made as of March 19, 2003 by and among Pioneer Investment Management USA Inc., a Delaware corporation (“Parent”)(formerly known as The Pioneer Group, Inc.), Harbor Global
Company Ltd., a Bermuda limited duration company (“Harbor Global”), and Harbor Global II Ltd., a Bermuda limited duration company and a direct majority-owned (and indirect wholly-owned) subsidiary of Harbor Global (“Harbor Global
II”). 
 
WHEREAS, pursuant to Section 9.1 of
the Distribution Agreement dated as of October 24, 2000 by and among Parent, Harbor Global and Harbor Global II (the “Distribution Agreement”), the parties hereto desire to amend Section 6.8 (entitled “Ashanti”) of the
Distribution Agreement in the manner set forth below. 
 
NOW, THEREFORE, in consideration of the foregoing, and the covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be
legally bound, the parties hereto agree as follows: 
 
1.
Amendment to Section 6.8 of the Distribution Agreement.Section 6.8 of the Distribution Agreement is hereby amended by adding the following sentence at the end of the section: 
 
“Notwithstanding the foregoing, the parties hereto agree that in the event that an amendment to the
Purchase Agreement dated as of May 11, 2000 by and among Ashanti Goldfields Teberebie Limited, Pioneer Goldfields II Limited, Parent and Ashanti Goldfields Company Limited substantially in the form of Exhibit A hereto is executed, Harbor
Global may, in its sole discretion, satisfy its obligation under this Section 6.8 in full by the payment of $3.75 million to Parent on or before March 31, 2003.” 
 
2. Amendment to Schedule 5.2C of the Distribution Agreement. Schedule 5.2C to the Distribution Agreement is hereby
amended by adding the following sentence to the schedule below Item 1: 
 
“The foregoing liability shall be deemed to be removed in its entirety from this Schedule 5.2C immediately upon the satisfaction by Harbor Global of its obligation set forth in Section 6.8.” 

 
3. Miscellaneous.

 
a. This Amendment No. 1 is effective as of the
date hereof, and except as set forth herein, the Distribution Agreement remains in full force and effect and is otherwise unaltered by this Amendment No. 1. 
 
b. This Amendment No. 1 may be executed in two or more counterparts, each of which shall be deemed an original but all of which shall
together constitute one and the same instrument. A facsimile or photocopy of a counterpart shall be sufficient to bind the party or parties whose signature(s) appear thereon. 
 
c. This Amendment No. 1 shall be governed by and construed in accordance with the laws of the State of
Delaware, without reference to its conflicts of laws principles. 
 
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
 

 
IN WITNESS
WHEREOF, this Amendment No. 1 to the Distribution Agreement has been duly executed and delivered by the duly authorized officers of the parties hereto as of the date first written above. 
 
 

	 PIONEER INVESTMENT MANAGEMENT USA
INC.

	
	 By:
	 	 /s/    MARK D. GOODWIN
        

	 Name:
	 	 Mark D. Goodwin

	 Title:
	 	 CFO

	
	 HARBOR GLOBAL COMPANY LTD.

	
	 By:
	 	 /s/    STEPHEN G. KASNET
        

	 Name:
	 	 Stephen G. Kasnet

	 Title:
	 	 President and Chief Executive Officer

	
	 HARBOR GLOBAL II LTD.

	
	 By:
	 	 /s/    STEPHEN G. KASNET
        

	 Name:
	 	 Stephen G. Kasnet

	 Title:
	 	 President and Chief Executive OfficerAmendment of Agreements Dated December 3, 2002

EXHIBIT 10.58 
 
As of December 3, 2002 
 
TO:    Purchasers of Units (each a “Lender” and collectively the “Lenders”)
consisting of $6,660,000 principal amount of 15% Senior Secured Notes of World Wireless Communications, Inc. (the “Company”). 
 
Re:    Amendment of Agreements 
 
Gentlemen: 
 
Reference is made to the Loan Agreement between the Lenders and the Company dated as of May 17, 2001, as
amended on August 7, 2001, effective as of May 17, 2001 (the “Agreement”), including each note issued pursuant thereto (individually a “Note” and collectively the “Notes”), each warrant issued pursuant thereto
(individually a “Warrant” and collectively the “Warrants”) and the Amended and Restated Pledge/Security Agreement related thereto. 
 
For good and valuable consideration, the adequacy and sufficiency of which is hereby acknowledged by the Lenders, and as an additional
inducement for the Company to continue its offering of units of its Additional 2002 Notes and detachable warrants pursuant to the Confidential Private Placement Memorandum covering such offering, the Company and each Lender agree as follows:

 

	 	1.	 	Each Note shall be amended to change the amount now appearing in Section 3(ii) thereof to “$6,660,000” with the same force and effect as if originally set
forth therein, effective as of December 3, 2002. 

 

	 	2.	 	Section 1.1(a) of the Loan Agreement shall be amended to read as follows, effective as of December 3, 2002: 

 
“(a) Simultaneously with the execution
and the delivery of this Agreement, Lancer Offshore, Inc. agrees to lend to Borrower the aggregate sum of $2,250,000, of which (i) the sum of $1,125,000 shall be paid to Borrower upon the execution and the delivery of this Agreement and (ii) the sum
of $1,125,000 shall be paid to Borrower on July 15, 2001, provided that Borrower has raised the sum of $2,000,000 in equity from persons other than Michael Lauer and his affiliates, including, without limitation, Lancer Offshore Inc., Lancer
Partners, L.P., and The Orbiter Fund Ltd. (such loan, together with any other amounts loaned pursuant to this Agreement by any Lender from time to time, including that specified in Section 1.1 (b) hereof, with the consent of the parties hereto, up
to a total sum of $6,660,000, shall be referred to collectively as the “Loan”). The Loan shall be used solely by Borrower in the operation of its business as determined by the President of Borrower, subject to supervision 
 

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thereof by Board of Directors of Borrower. As of April 25, 2002, Lancer Offshore, Inc. loaned the Borrower
the principal amount of $4,335,000 and, as of December 3, 2002, will have loaned Borrower the principal amount of $5,460,000. The Loan shall be repaid on December 31, 2002 unless it is mandatorily converted into shares of Borrower’s Common
Stock before that date as provided in Section 1.5 hereof.” 
 

	 	3.	 	Section 1.5 of the Loan Agreement shall be amended to read as follows, effective as of December 3, 2002: 

 
“(a) Notwithstanding anything contained
in this Agreement to the contrary, the Loan shall be mandatorily converted into shares of the Common Stock of Borrower at the rate of one share per each $0.05 principal amount of debt, including interest (subject to adjustment for stock dividends,
stock splits and reverse stock splits, if any) immediately upon (i) the approval of such conversion by Borrower’s shareholders at a meeting of shareholders held for such purpose (among other purposes) and (ii) Borrower’s receipt of
$6,660,000 in equity from persons other than Michael Lauer and his affiliates, including, without limitation, Lancer Offshore, Inc., Lancer Partners L.P. and The Orbiter Fund Ltd., on or before December 31, 2002.” 
 
In consideration of the foregoing, each Lender unconditionally
acknowledges that the Company is not in default under the Loan Agreement, any of the Notes or any other agreement which is a part of the Loan Agreement. 
 
Except as amended as set forth herein, the Agreement, including, without limitation, the Amended and Restated Pledge/Security Agreement,
shall continue in full force and effect in accordance with its terms. 
 
If this letter accurately sets forth our understanding, please sign your name below and return your signed original to us immediately. 
 

	 	 	 	 	 Very truly yours,
  
 WORLD WIRELESS COMMUNICATIONS,
INC.

	
	 	 	 	 	 	 	 By:
	 	 /s/    David D.
Singer        

	 	 	 	 	 	 	 	 	 David D. Singer, President

	 	 	 	 	 	 	 	 	 
	 LANCER PARTNERS L.P.
	 	 	 	 LANCER OFFSHORE, INC.

	
	 By:
	 	 /s/    Michael
Lauer        

	 	 	 	 By:
	 	 /s/    Michael
Lauer        

	 	 	 Michael Lauer, Manager
	 	 	 	 	 	 Michael Lauer, Manager

 

2Amendment of Agreements Dated December 11, 2002

EXHIBIT 10.59 
 
As of December 11, 2002 
 
TO:    Purchasers of Units (each a “Lender” and collectively the “Lenders”)
consisting of $6,735,000 principal amount of 15% Senior Secured Notes of World Wireless Communications, Inc. (the “Company”). 
 
Re:    Amendment of Agreements 
 
Gentlemen: 
 
Reference is made to the Loan Agreement between the Lenders and the Company dated as of May 17, 2001, as
amended on August 7, 2001, effective as of May 17, 2001 (the “Agreement”), including each note issued pursuant thereto (individually a “Note” and collectively the “Notes”), each warrant issued pursuant thereto
(individually a “Warrant” and collectively the “Warrants”) and the Amended and Restated Pledge/Security Agreement related thereto. 
 
For good and valuable consideration, the adequacy and sufficiency of which is hereby acknowledged by the Lenders, and as an additional
inducement for the Company to continue its offering of units of its Additional 2002 Notes and detachable warrants pursuant to the Confidential Private Placement Memorandum covering such offering, the Company and each Lender agree as follows:

 

	 	1.	 	Each Note shall be amended to change the amount now appearing in Section 3(ii) thereof to “$6,735,000” with the same force and effect as if originally set
forth therein, effective as of December 11, 2002. 

 

	 	2.	 	Section 1.1(a) of the Loan Agreement shall be amended to read as follows, effective as of December 11, 2002: 

 
“(a) Simultaneously with the execution
and the delivery of this Agreement, Lancer Offshore, Inc. agrees to lend to Borrower the aggregate sum of $2,250,000, of which (i) the sum of $1,125,000 shall be paid to Borrower upon the execution and the delivery of this Agreement and (ii) the sum
of $1,125,000 shall be paid to Borrower on July 15, 2001, provided that Borrower has raised the sum of $2,000,000 in equity from persons other than Michael Lauer and his affiliates, including, without limitation, Lancer Offshore Inc., Lancer
Partners, L.P., and The Orbiter Fund Ltd. (such loan, together with any other amounts loaned pursuant to this Agreement by any Lender from time to time, including that specified in Section 1.1 (b) hereof, with the consent of the parties hereto, up
to a total sum of $6,735,000, shall be referred to collectively as the “Loan”). The Loan shall be used solely by Borrower in the operation of its business as determined by the President of Borrower, subject to supervision 
 

1 

thereof by Board of Directors of Borrower. As of April 25, 2002, Lancer Offshore, Inc. loaned the Borrower
the principal amount of $4,335,000 and, as of December 11, 2002, will have loaned Borrower the principal amount of $5,535,000. The Loan shall be repaid on December 31, 2002 unless it is mandatorily converted into shares of Borrower’s Common
Stock before that date as provided in Section 1.5 hereof.” 
 

	 	3.	 	Section 1.5 of the Loan Agreement shall be amended to read as follows, effective as of December 11, 2002: 

 
“ (a) Notwithstanding anything contained
in this Agreement to the contrary, the Loan shall be mandatorily converted into shares of the Common Stock of Borrower at the rate of one share per each $0.05 principal amount of debt, including interest (subject to adjustment for stock dividends,
stock splits and reverse stock splits, if any) immediately upon (i) the approval of such conversion by Borrower’s shareholders at a meeting of shareholders held for such purpose (among other purposes) and (ii) Borrower’s receipt of
$6,735,000 in equity from persons other than Michael Lauer and his affiliates, including, without limitation, Lancer Offshore, Inc., Lancer Partners L.P. and The Orbiter Fund Ltd., on or before December 31, 2002.” 
 
In consideration of the foregoing, each Lender unconditionally
acknowledges that the Company is not in default under the Loan Agreement, any of the Notes or any other agreement which is a part of the Loan Agreement. 
 
Except as amended as set forth herein, the Agreement, including, without limitation, the Amended and Restated Pledge/Security Agreement,
shall continue in full force and effect in accordance with its terms. 
 
If this letter accurately sets forth our understanding, please sign your name below and return your signed original to us immediately. 
 

	 	 	 	 	 Very truly yours,
  
 WORLD WIRELESS COMMUNICATIONS, INC.

	
	 	 	 	 	 /s/    David D. Singer        

	 	 	 	 	 David D. Singer, President

	 	 	 	 	 
	 LANCER PARTNERS L.P.
	 	 	 	 LANCER OFFSHORE, INC.

	
	 /s/    Michael Lauer        

	 	 	 	 /s/    Michael Lauer        

	 Michael Lauer, Manager
	 	 	 	 Michael Lauer, Manager

 

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