Document:

exv10w2

 

Exhibit 10.2

Sixth Amendment to 

Credit Agreement (364-Day)

     This Sixth Amendment to Credit Agreement (364-Day) (this “Amendment”) is dated as of April 6,
2006 by and among Alliance Data Systems Corporation (the “Borrower”), the Guarantor party hereto,
the Banks party hereto, and Harris N.A., as Administrative Agent and Letter of Credit Issuer.

WITNESSETH:

     Whereas, the Borrower, the Guarantor, the Banks, and the Administrative Agent have
heretofore executed and delivered a Credit Agreement (364-Day) dated as of April 10, 2003 (as
amended by the First Amendment thereto dated as of April 8, 2004, the Second Amendment thereto
dated as of October 21, 2004, the Third Amendment thereto dated as of April 7, 2005, the Fourth
Amendment thereto dated as of October 28, 2005, and the Fifth Amendment thereto dated as of
December 21, 2005, the “Credit Agreement”); and

     Whereas, the Borrower, the Guarantor, the Banks and the Administrative Agent desire
to amend the Credit Agreement to extend the Maturity Date as set forth herein;

     Now, Therefore, for good and valuable consideration the receipt of which is hereby
acknowledged, the Borrower, the Guarantor, the Banks and the Administrative Agent hereby agree as
follows:

     1. The definition of “Maturity Date” contained in Section 1.1 of the Credit Agreement is
hereby amended in its entirety to read as follows:

“Maturity Date” means April 5, 2007.

     2. This Amendment shall become effective as of the opening of business on April 6, 2006 (the
“Effective Time”) subject to the conditions precedent that on or before such date:

     (a) the Administrative Agent shall have received counterparts
hereof executed by the Borrower, the Guarantor and the Banks;

     (b) the Administrative Agent shall have received certified
copies of resolutions of the boards of directors of the Borrower and
the Guarantor authorizing the execution and delivery of this
Amendment, indicating the authorized signers of this Amendment and
the specimen signatures of such signers;

 

 

     (c) an opinion of counsel to the Borrower and Guarantor in form
reasonably acceptable to the Administrative Agent and covering
such matters relating to the transactions contemplated hereby as the
Administrative Agent or the Required Banks may reasonably request;
and

     (d) the Borrower shall have paid the fees and expenses of
counsel to the Administrative Agent to the extent previously
invoiced.

     3.1. To induce the Administrative Agent and the Banks to enter into this Amendment, the
Borrower represents and warrants to the Administrative Agent and the Banks that: (a) the
representations and warranties contained in the Credit Agreement 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 Default or Event of Default exists; (c) this Amendment has been duly
authorized by all necessary corporate proceedings and duly executed and delivered by the Borrower
and the Credit Agreement, as amended by this Amendment, is the legal, valid and binding obligation
of the Borrower, enforceable against the Borrower in accordance with its 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 the absence of which would adversely affect, the legal and valid
execution and delivery or performance by the Borrower of this Amendment or the performance by the
Borrower of the Credit Agreement, as amended by this Amendment.

     3.2. 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.

     3.3. Except as specifically provided above, the Credit Agreement shall remain in full force
and effect and is hereby ratified and confirmed in all respects. The execution, delivery, and
effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver
of any right, power, or remedy of the Administrative Agent or any Bank under the Credit Agreement
or any Note, nor constitute a waiver or modification of any provision of any of the Credit
Agreement or any Note.

     3.4. 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 New York.

[Signature Pages to follow]

- 2 -

 

     In Witness Whereof, the parties hereto have caused this Amendment to be executed by
their respective officers thereunto duly authorized as of the day and year first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Alliance Data Systems Corporation, as	 	 
	 

	 	 	 	Borrower	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	              /s/ ROBERT P. ARMIAK	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    Robert P. Armiak	 	 
	 

	 	 	 	Title      SVP & Treasurer	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ADS Alliance Data Systems, Inc., as a	 	 
	 	 	     Guarantor	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	              /s/ ROBERT P. ARMIAK	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    Robert P. Armiak	 	 
	 

	 	 	 	Title      SVP & Treasurer	 	 

					
	 	 	 	 	 
	 
	 	S-1
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Harris N.A. (successor by merger with Harris	 	 
	 

	 	 	 	Trust and Savings Bank), individually,  as 	 	 
	 

	 	 	 	Letter of Credit Issuer and as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	             /s/ MARK W. PIEKOS	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Mark W. Piekos	 	 
	 

	 	 	 	Title     Managing Director	 	 

					
	 	 	 	 	 
	 
	 	S-2
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	SunTrust Bank	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	             /s/ TIMOTHY M. O’LEARY	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Timothy M. O’Leary	 	 
	 

	 	 	 	Title     Director	 	 

					
	 	 	 	 	 
	 
	 	S-3
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Wachovia Bank, N.A.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ KIRSTEN CARVER	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Kirsten Carver	 	 
	 

	 	 	 	Title     Assistant Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-4
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	JPMorgan Chase Bank, N.A.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	              /s/ BRIAN MCDOUGAL	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    Brian McDougal	 	 
	 

	 	 	 	Title      Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-5
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	The Huntington National Bank	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ FREDERICK G. HADLEY	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Frederick G. Hadley	 	 
	 

	 	 	 	Title     Senior Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-6
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Credit Suisse, Cayman Islands Branch (f/k/a	 	 
	 

	 	 	 	Credit Suisse First Boston, acting through its	 	 
	 

	 	 	 	Cayman Islands Branch)	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	              /s/ ALAIN DAOUST	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    Alain Daoust	 	 
	 

	 	 	 	Title      Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	              /s/ DENISE L. ALVAREZ	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    Denise L. Alvarez	 	 
	 

	 	 	 	Title      Associate	 	 

					
	 	 	 	 	 
	 
	 	S-7
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	US Bank National Association	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ KEVIN S. MCFADDEN	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Kevin S. McFadden	 	 
	 

	 	 	 	Title     Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-8
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Union Bank of California, N.A.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ CLIFFORD F. CHO	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Clifford F. Cho	 	 
	 

	 	 	 	Title     Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-9
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Fifth Third Bank (Central Ohio)	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ CHRISTOPHER D. JONES	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Christopher D. Jones	 	 
	 

	 	 	 	Title     Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-10
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Barclays Bank PLC	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ ALISON MCGUIGAN	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Alison McGuigan	 	 
	 

	 	 	 	Title     Associate Director	 	 

					
	 	 	 	 	 
	 
	 	S-11
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	The Bank of New York	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	             /s/ KENNETH R. MCDONNELL	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Kenneth R. McDonnell	 	 
	 

	 	 	 	Title     Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-12
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Bank of America, N.A.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ STEVE A. MACKENZIE	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Steve A. Mackenzie	 	 
	 

	 	 	 	Title     Senior Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-13
	 	[Sixth Amendment 364-Day]

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Bank Hapoalim B.M.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ JAMES P. SURLESS	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name    James P. Surless	 	 
	 

	 	 	 	Title     Vice President	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	            /s/ CHARLES MCLAUGHLIN	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name   Charles McLaughlin	 	 
	 

	 	 	 	Title     Senior Vice President	 	 

					
	 	 	 	 	 
	 
	 	S-14
	 	[Sixth Amendment 364-Day]exv10w19

 

Exhibit 10.19

DYNAVAX TECHNOLOGIES CORPORATION

2004 NON-EMPLOYEE DIRECTOR OPTION PROGRAM (REVISED)

AND

2005 NON-EMPLOYEE DIRECTOR CASH COMPENSATION PROGRAM

EFFECTIVE APRIL 14, 2005

(REVISION VERSION 3.0)

ARTICLE I

ESTABLISHMENT AND PURPOSE OF THE PROGRAM

1.1      Establishment of Program

The Dynavax Technologies Corporation 2004 Non-Employee Director Option Program, as revised herein,
including the Non-Employee Director Cash Compensation Program (collectively, the “Director
Program”) is adopted pursuant to the Dynavax Technologies Corporation 2004 Stock Incentive Plan
(the “Plan”) and, in addition to the terms and conditions set forth below, is subject to the
provisions of the Plan.

1.2      Purpose of Program

The purpose of the Director Program is to enhance the ability of the Company to attract and retain
directors who are not Employees (“Non-Employee Directors”) through an Option and Cash Compensation
program.

1.3      Effective Date of the Program

The Director Program is effective as of the Registration Date, and as revised on April 14, 2005.

ARTICLE II

DEFINITIONS

Capitalized terms in this Director Program, unless otherwise defined herein, have the meaning
given to them in the Plan.

ARTICLE III

OPTION TERMS

3.1      Date of Grant and Number of Shares

Effective April 14, 2005, a Non-Qualified Stock Option to purchase 20,000 shares of Common Stock
shall be granted (the “Initial Grant”) to each Non-Employee Director and 30,000 shares shall be
granted to the Non-Employee Chairman of the Board (the “Initial Grant”), and such Initial Grant to
be made to Non-Employee Directors elected or appointed to the Board upon the date each such
Non-Employee Director first becomes a Non-Employee Director.

Effective April 14, 2005, each Non-Employee Director currently on the Company’s Board who did not
receive an initial grant upon election or appointment to the board, shall receive an Initial Grant
as described above.

1

 

 

 

Also effective on April 14, 2005, each Non-Employee Director currently on the Company’s Board,
and who received an initial grant to purchase less than 20,000 shares of Common Stock upon election
or appointment to the board, shall receive a grant for the difference so that said board member’s
initial grant equals 20,000 shares.

In addition, immediately following each annual meeting of the Company’s stockholders, commencing
with the annual meeting of the Company’s stockholders in 2004, each Non-Employee Director who
continues as a Non-Employee Director following such annual meeting shall be granted a Non-Qualified
Stock Option to purchase 10,000 shares of Common Stock (a “Subsequent Grant”). Based on the
Non-Employee Director’s election date, the first subsequent grant shall be pro-rated as follows:

	 	 	 	 	 	 
	 	Service Period from Election Date
	 	 	Option Grant Schedule	 
	 	More than 10 up to 12 months
	 	 	100% of grant (10,000 shares)	 
	 	More than 7 months, but less than 10
	 	 	75% of grant (7,500 shares)	 
	 	More than 4 months, but less than 7
	 	 	50% of grant (5,000 shares)	 
	 	More than 1 month, but less than 4
	 	 	25% of grant (2,500 shares)	 
	 

Each such Subsequent Grant shall be made on the date of the annual stockholders’ meeting in
question.

3.2      Vesting

Each Initial Grant of Common Stock subject to the Option under the Director Program shall vest
twenty-five percent (25%) twelve (12) months after the grant date and an additional twenty-five
percent (25%) of the shares of Common Stock subject to the Option shall vest on each yearly
anniversary of the grant date thereafter, such that the Option will be fully exercisable four (4)
years after its date of grant.

Each Subsequent Grant under the Director Program will vest and become exercisable as to all of the
shares of Common Stock subject to the Option twelve (12) months after the grant date.

3.3      Exercise Price

The exercise price per share of Common Stock of each Initial Grant and Subsequent Grant shall be
one hundred percent (100%) of the Fair Market Value per share on the date of grant.

3.4      Corporate Transaction/Change in Control

Each Option under the Director Program shall be subject to the provisions of Section 11 of the Plan
relating to the exercise or termination of the Option in the event of a Corporate Transaction or a
Change in Control.

3.5      Other Terms

The Administrator (the “Dynavax Board of Directors”) of the Plan shall determine the remaining
terms and conditions of the Options awarded under the Program.

ARTICLE IV

CASH COMPENSATION TERMS

4.1      Annual Fees

Each Non-Employee Director currently on the Company’s board, or elected in 2005 and thereafter,
shall receive an annual retainer fee of $20,000. The Chairman of the Board shall receive an annual
retainer fee of $30,000. Such annual retainer fees will be paid quarterly at the end of each fiscal
quarter where such person is an active director of the board (“active director” requires attendance
at 75% of the annually scheduled board meetings).

2

 

 

 

4.2      Board Meeting Fees

Each Non-Employee Director will receive a fee of $2,000 for each Board of Directors meeting
attended in person or $500 for each Board of Directors meeting attended by telephone.

4.3      Committee Meeting Fees

The Chairman of the Audit Committee shall receive an annual retainer of $15,000. Each member of the
audit committee shall receive a fee of $1,500 for each Audit Committee meeting attended in person
or $500 for each Audit Committee meeting attended by telephone.

The Chairman of the Compensation Committee shall receive an annual retainer of $6,000. Each member
of the compensation committee shall receive a fee of $1,000 for each committee meeting attended in
person or $500 for each committee meeting attended by telephone.

The Chairman of the Nominating Committee shall receive an annual retainer of $3,000. Each member of
the nominating committee shall receive a fee of $1,000 for each committee meeting attended in
person or $500 for each committee meeting attended by telephone.

Such annual retainer fees for chairman of a committee will be paid quarterly at the end of each
fiscal quarter where such person is an active Chairman of the Committee and an Active Director.
Such committee fees will be paid quarterly at the end of each fiscal quarter where such person is
an Active Director.

4.4      Travel and Related Costs

Reasonable travel and related costs associated with attending Board and committee meetings shall be
reimbursed. The Board member needs to submit proper documentation for reimbursement.

3

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