Document:

exv10w1

 

Exhibit 10.1

Annex no. 7 to MULTIPURPOSE NON-REVOLVING CREDIT LINE AGREEMENT

no. 015023-510-0l

of October 12, 2006

entered into force on January 07, 2008 by and between:

Fortis Bank S.A./NV, Austrian Branch with its registered office at Technologiestrasse 8, 1120 Wien,
Austria entered into Commerce Register maintained by the Republic of Austria, under No. FN 263765
(,,Bank”), represented by:

1) Andrea Vaz-Konig —  General Manager

2) Alfred Wunderl-Auner- Chief Accountant

and

Carey Agri International Poland Spółka z ograniczoną odpowiedzialnością (limited liability company)
with its registered office in Warsaw 02-690, ul. Bokserska 66A, entered into the District Court for
the capital city of Warsaw, XIII Commercial Division of the National Court Register under KRS no.
51098, tax identification number (NIP): 526-020-93-95 and statistical number (REGON): 002160096,
holding share capital of PLN 473 610 000,00 PLN entirely paid in (,,the Borrower”), represented by:

1) William V. Carey

2) ...........................................-..................................................................

in connection with the extension of the financing term of the credit facility, the Parties hereto
amend the Multipurpose non-revolving credit line agreement no. 015023-510-0l dated October 12, 2006
and changed lately by Amendment no. 6 dated November 08, 2007 (,,Agreement”) in the following way:

	 	I.	 	Bank and the Borrower hereby declare that the outstanding amount based on the Agreement
is PLN 300,000,000.00 (say: three hundred million zlotys).
	 
	 	II.	 	The current clause 3 of the Agreement will have the following wording:

	 	3.	 	Financing term: until January 28, 2008.

	 	III.	 	The current clause 4 of the Agreement will have the following wording:

	 	4.	 	Current credit term: until January 28, 2008.

	 	IV.	 	Other stipulations of the Agreement will remain unchanged.

The Borrower hereby gives its consent to furnish any information related to the Loan and the
Borrower, obtained by the Bank during negotiations and pertaining to conclusion and performance of
this Agreement, to the Bank’s principal shareholder, i.e. Fortis Bank S.A./NV with its registered
office in Brussels, Fortis Lease Polska Sp. z o. o. with its registered office in Warsaw and Fortis
Investments Polska S.A. with its registered office in Warsaw

 

 

and Dominet Bank S.A. with its seat in Lubin, likewise to other entities of Fortis Bank Group*. The
Bank is allowed to provide such information both in the course of this Agreement and after its
expiry.

The Bank hereby informs the Borrower that the Bank may forward any information related to the loan
to the Interbank Economic Information System — Banking Register (MIG-BR) administered by the
Polish Banks Association, likewise that the Bank may disclose any data gathered in the MIG-BR
system to economic information bureaus that operate under the Act of February 14, 2003 on
disclosing economic information (Journal of Laws No. 50, item 424 as amended) based on the requests
of such bureaus and to the extent specified therein.

*) Information on Fortis Group entities is available at: www.fortisbank.com.pl

/s/ Andrea Vaz-Konig

/s/ Alfred Wunderl-Auner

Stamp and signatures for the Bank

	 	 	 	 	 
	 	 	 
	 	/s/ William V. Carey
 	 
	 	Company stamp and signatures of representatives authorised 	 
	 	to assume financial obligations on behalf of the Borrower. 	 
	 

The signature of the Borrower has been affixed in my presence.

	 	 	 
	/s/ Izabela Bogumił

	 	/s/ Bogumił
	 

	 	 
	name and surname of the Bank’s employee

	 	signature of the Bank’s employeeexhibit42.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

AMENDMENT NO. 1 TO RIGHTS AGREEMENT

     THIS AMENDMENT NO. 1 TO RIGHTS AGREEMENT (“Amendment No. 1”) is dated as of the 10th day of January, 2008 between Lee Enterprises, Incorporated, a Delaware corporation (the “Company”), and Wells Fargo Bank, N.A. (as successor rights agent to The First Chicago Trust Company of New York, the “Rights Agent”).

     WHEREAS, the Company and the Rights Agent are parties to that certain Rights Agreement dated as of May 7, 1998 (“Rights Agreement”);

     WHEREAS, the Board of Directors of the Company has considered the reasons underlying the adoption of the Rights Agreement and has determined that those reasons continue to be valid at present;

     WHEREAS, the Company and the Rights Agent desire to amend the Rights Agreement on the terms and conditions hereinafter set forth; and

     WHEREAS, the Board of Directors of the Company has duly authorized this Amendment No. 1.

     NOW, THEREFORE, in consideration of the premises and mutual agreements set forth in the Rights Agreement and this Amendment No. 1, the parties hereby agree as follows:

     1.     Amendment to Section 1(a). Section 1(a) of the Rights Agreement is amended by deleting the text of paragraph and replacing it in its entirety with the following:

          (a)     "Acquiring Person" shall mean any Person (as such term is hereinafter defined) who or which, together with all Affiliates and Associates (as such terms are hereinafter defined) of such Person, shall be the Beneficial Owner (as such term is hereinafter defined) of 15% or more of the Common Shares of the Company then outstanding, but shall not include the Company, any Subsidiary (as such term is hereinafter defined) of the Company, any employee benefit plan of the Company or any Subsidiary of the Company, or any entity holding Common Shares for or pursuant to the terms of any such plan (each an "Exempt Person"). Notwithstanding the foregoing, no Person, together with such Person’s Affiliates and Associates (“Qualified Shareholder”), shall be deemed to be an “Acquiring Person”, so long as (x) such Qualified Shareholder is the Beneficial Owner of less than 25% of the Common Shares of the Company then outstanding, and (y) such Qualified Shareholder reports, or is required to report such Beneficial Ownership on Schedule 13G under the Exchange Act or on Schedule 13D under the Exchange Act (or any comparable or successor report), which Schedule 13D does not state any present intention to (or reserve the right to) hold such Common Shares with the purpose or effect of changing or influencing the control of the Company, nor in connection with or as a participant in any transaction having such purpose or effect. Notwithstanding the foregoing, no Person shall become an "Acquiring Person" as the result of an acquisition of Common Shares by the Company which, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by such Person to 15% or more (or in the case of a Qualified Shareholder, 25% or more) of the Common Shares of the Company then outstanding; provided, however, that if a Person shall become the Beneficial Owner of 15% or more (or in the case of a Qualified Shareholder, 25% or more) of the Common Shares of the Company then 

outstanding by reason of share purchases by the Company and shall, after such share purchases by the Company, become the Beneficial Owner of any additional Common Shares of the Company, then such Person shall be deemed to be an "Acquiring Person." Notwithstanding the foregoing, if the Board of Directors of the Company determines in good faith that a Person who would otherwise be an "Acquiring Person," as defined pursuant to the foregoing provisions of this paragraph (a), has become such inadvertently, and such Person divests as promptly as practicable a sufficient number of Common Shares so that such Person would no longer be an "Acquiring Person," as defined pursuant to the foregoing provisions of this paragraph (a), then such Person shall not be deemed to be an "Acquiring Person" for any purposes of this Agreement.

      2.     Amendment to Section 3(a). Section 3(a) of the Rights Agreement is hereby amended by deleting the term “20%” in such section, and replacing it with the term “15%”.

      3.     Amendment to Section 7(a). Section 7(a) of the Rights Agreement is hereby amended by deleting the term “May 31, 2008” immediately preceding the defined term (the “Final Expiration Date”) in such section, and replacing it with the term “May 31, 2018”.

      4.     Amendment to Exhibit B. Exhibit B to the Rights Agreement is hereby amended by deleting the term “May 31, 2008” in each place in which such term appears in Exhibit B, and replacing it with the term “May 31, 2018”.

      5.     Amendment to Exhibit C. Exhibit C to the Rights Agreement is hereby amended by:

          (a)     deleting the term “May 31, 2008” in each place in which such term appears in Exhibit C, and replacing it with the term “May 31, 2018”.

          (b)     deleting the second paragraph of Exhibit C and replacing it with the following:

     Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons, have acquired beneficial ownership of 15% or more of the outstanding Common Shares (or in the case of certain qualified shareholders, 25% or more) (an "Acquiring Person") or (ii) 10 business days (or such later date as may be determined by action of the Board of Directors prior to such time as any person or group of affiliated persons becomes an Acquiring Person) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of the outstanding Common Shares (the earlier of such dates being called the "Distribution Date"), the Rights will be evidenced, with respect to any of the Common Share certificates outstanding as of the Record Date, by such Common Share certificate with a copy of this Summary of Rights attached thereto.

          (c)     deleting the eleventh paragraph of Exhibit C and replacing it with the following:

     At any time prior to such time as a person becomes an Acquiring Person, the Board of Directors of the Company may redeem the Rights in whole, but not in part, at a price of 

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$.01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time on such basis with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

          (d)     deleting the first sentence in the last paragraph of Exhibit C and replacing it with the following: “A copy of the Rights Agreement has been filed with the Securities and Exchange Commission as an Exhibit to a Registration Statement on Form 8-A dated May 26, 1998, with any amendments to the Rights Agreement being filed as an Exhibit to a Registration Statement on Form 8-A/A.”

      6.     Other Terms Unchanged. This Amendment No. 1 shall be effective as of the date hereof and, except as set forth herein, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. The term “Agreement” as used in the Rights Agreement shall be deemed to refer to the Rights Agreement as amended hereby.

      7.     Severability. If any term, provision, covenant or restriction of this Amendment No. 1 is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment No. 1 shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

      8.     Governing Law. This Amendment No. 1 shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.

      9.     Counterparts. This Amendment No. 1 may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

      10.     Descriptive Headings. Descriptive headings of the several Sections of this Amendment No. 1 are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed as of the day and year first above written.

	 	 	LEE ENTERPRISES, INCORPORATED 
	 
	Attest: 	 	 
	 
	 
	By: /s/ C. Dana Waterman III               	 	By: /s/ Mary E. Junck                      
			
	         Name: C. Dana Waterman III 

         Title: Secretary 	 	         Name: Mary E. Junck 

         Title: Chairman, President and Chief Executive Officer 
	 
	 	 

	 	 	                                                           WELLS FARGO BANK, N.A. 
	 
	 
	By: 	 	 /s/ Becky Paulson                                 By:	 	 /s/ Suzanne Swits               
					
	 	 	Name: Becky Paulson 	 	Name: Suzanne Swits 
	 	 	Title: Officer 	 	Title: Vice President

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