Document:

exv10w1

 

Exhibit 10.1

OPTION EXERCISE AND TRANSACTION SUPPORT AGREEMENT

     This Option Exercise and Transaction Support Agreement (this “Agreement”) is made and
entered into as of November 4, 2007, by and among URS Corporation, a Delaware corporation
(“Parent”), Washington Group International, Inc., a Delaware corporation (the
“Company”), and the undersigned holder of options to purchase shares of common stock of the
Company (the “Holder”). Capitalized terms used herein but not defined shall have the
meanings ascribed to them in the Merger Agreement (as defined below).

RECITALS

     A.       Pursuant to an Agreement and Plan of Merger, dated as of May 27, 2007 (the “Original
Merger Agreement”), as amended as of November 4, 2007 (the “Amendment” and, together
with the Original Merger Agreement, the “Merger Agreement”), by and among Parent, Elk
Merger Corporation, a Delaware corporation and wholly owned subsidiary of Parent (“Merger
Sub”), Bear Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent
(“Second Merger Sub”) and the Company, Merger Sub agreed to merge with and into the Company
(the “First Merger”), with the Company surviving such First Merger, to be immediately
followed by the merger of the Company with and into Second Merger Sub (the “Second Merger”
and, together with the First Merger, the “Transaction”), with Second Merger Sub surviving
such subsequent Second Merger as a wholly owned subsidiary of Parent.

     B.       Concurrently with the execution and delivery of the Amendment and as a condition and
inducement to Parent, Merger Sub and Second Merger Sub to enter into the Amendment, Parent has
required that the Holder enter into this Agreement. The Holder is the record and beneficial owner
(within the meaning of Rule 13d-3 of the Exchange Act) of options (the “Options”) to
purchase 3,224,100 shares of Company Common Stock.

AGREEMENT

     The parties hereby agree as follows:

     1.       Agreement to Make Necessary Regulatory Filings.    As promptly as practicable
following the execution of this Agreement, the Holder and the Company shall make the filings
required under the HSR Act in order to allow the Holder to exercise the Options and acquire shares
of Company Common Stock pursuant to the terms of this Agreement. In its filing under the HSR Act,
the Holder will request early termination of the waiting period. Parent acknowledges that the
Company will pay the Holder’s filing fee under the HSR Act and the legal fees of outside counsel in
preparing such HSR Act filings and Parent agrees that the payment of such fees by the Company shall
be deemed to not violate any of the provisions of the Merger Agreement. The parties to this
agreement acknowledge that the Holder’s obligations under Sections 2, 3 and 4 of this Agreement are
subject to expiration or termination of the applicable waiting period under the HSR Act.

     2.       Agreement to Exercise the Options.    If a new record date for the Company
Stockholder Meeting is established pursuant to Section 3 of the Amendment, the Holder agrees to
exercise all of the Options no later than the date that is one business day prior to such new

 

record date (the “Record Date”) established with respect to the Company Stockholder
Meeting. Such exercise shall be made in cash (and not on a “net exercise” or comparable basis),
such that following such exercise the Holder shall have, as of the Record Date, record and
beneficial ownership of 3,224,100 shares of Company Common Stock (the “Shares”). The
Holder shall effect such exercise in such fashion (and the Company shall facilitate such exercise
as reasonably required) so as to ensure that the Holder is vested with full voting rights with
respect to the Shares at and for the Company Stockholder Meeting.

     3.       Agreement to Retain the Options and the Shares and Any New Shares.

(a)       Transfer.    During the period beginning on the date hereof and ending on the
earliest to occur of (A) the Effective Time, (B) the Expiration Date (as defined below) and (C) the
day after the Record Date, the Holder agrees not to, directly or indirectly, sell, transfer,
exchange or otherwise dispose of (including by merger, consolidation or otherwise by operation of
law) any of the Options (except upon the exercise of the Options in accordance with this Agreement)
or the Shares or any New Shares (as defined below). During the period beginning on the date hereof
and ending on the earlier to occur of (A) the Effective Time and (B) the Expiration Date (as
defined below), (i) the Holder agrees not to, directly or indirectly, grant any proxies or powers
of attorney, deposit any of the Holder’s Shares or any New Shares into a voting trust or enter into
a voting agreement with respect to any of the Shares or New Shares, or enter into any agreement or
arrangement providing for any of the actions described in this clause (i), and (ii) the Holder
agrees not to, directly or indirectly, take any action that could reasonably be expected to have
the effect of preventing or disabling the Holder from performing the Holder’s obligations under
this Agreement. As used herein, the term “Expiration Date” shall mean the date of
termination of the Merger Agreement in accordance with the terms and provisions thereof.

(b)       New Shares.    The Holder agrees that any shares of Company Common Stock that the
Holder purchases or with respect to which the Holder otherwise acquires record or beneficial
ownership after the date of this Agreement and prior to the earlier to occur of (i) the Effective
Time and (ii) the Expiration Date (the “New Shares”) shall be subject to the terms and
conditions of this Agreement to the same extent as if they constituted the Shares.

(c)       Stop Transfer.    During the period described in the first sentence of Section 3(a),
the Company will not register or otherwise recognize the transfer (book entry or otherwise) of any
of the Options or the Shares or any New Shares or any certificate or uncertificated interest
representing any of such securities that would violate the provisions of this Agreement (including
any written waiver by Parent of any of the terms of this Agreement).

(d)       Cash Election.    Parent and the Company agree to facilitate the Holder making an
election to receive cash to the extent permitted by the Merger Agreement.

     4.       Agreement to Vote the Shares.

(a)       From and after the exercise of the Options in accordance with this Agreement and until the
earlier to occur of (A) the Effective Time, (B) the Expiration Date and (C) the termination of the
Merger Agreement in accordance with the terms thereof , at every

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 meeting of the stockholders of the Company called with respect to any of the following, and at
every adjournment thereof, and on every action or approval by written consent of the stockholders
of the Company with respect to any of the following, the Holder shall (unless the Holder grants a
proxy pursuant to Section 4(c) below) appear at such meeting (in person or by proxy) and shall vote
or consent the Shares and any New Shares (i) in favor of adoption of the Merger Agreement and the
approval of the transactions contemplated thereby (as the Merger Agreement may be modified or
amended so long as the Merger Consideration is not reduced), and (ii) against any proposal for any
recapitalization, merger, sale of assets or other business combination (other than the Transaction)
between the Company and any person or entity other than Parent or any other action or agreement
that would reasonably be expected to result in a breach of any covenant, representation or warranty
or any other obligation or agreement of the Company under the Merger Agreement or the Holder under
this Agreement or which would reasonably be expected to result in any of the conditions to the
Company’s obligations under the Merger Agreement not being fulfilled. This Agreement is intended
to bind the Holder as a holder of securities of the Company only with respect to the specific
matters set forth herein. Except as set forth in clauses (i) and (ii) of this Section 4(a), the
Holder shall not be restricted from voting in favor of, against or abstaining with respect to any
other matter presented to the stockholders of the Company. Prior to the termination of this
Agreement, the Holder covenants and agrees not to enter into any agreement or understanding with
any person to vote or give instructions in any manner inconsistent with the terms of this
Agreement.

(b)       The Holder further agrees that, until the termination of this Agreement, the Holder will
not, and will not permit any entity under the Holder’s control to, (i) solicit proxies or become a
“participant” in a “solicitation” (as such terms are defined in Rule 14A under the Exchange Act)
with respect to an Opposing Proposal (as defined below), (ii) initiate a stockholders’ vote with
respect to an Opposing Proposal or (iii) become a member of a “group” (as such term is used in
Section 13(d) of the Exchange Act) with respect to any voting securities of the Company with
respect to an Opposing Proposal. For the purposes of this Agreement, an “Opposing
Proposal” means any action or proposal described in clause (ii) of Section 4(a) above.

(c)       If requested by Parent, subject to the provisions set forth in Section 7 hereof and as
security for the Holder’s obligations under Section 4(a), the Holder shall, at any time after (i)
the exercise of the Options pursuant to Section 2 and (ii) any purchase or other acquisition of
record or beneficial ownership of any New Shares after the date of this Agreement and prior to the
earlier to occur of (A) the Effective Time and (B) the Expiration Date, irrevocably constitute and
appoint Parent and its designees as his attorney and proxy in accordance with the DGCL with respect
to the Shares, in each case, with full power of substitution and resubstitution, to cause the
Shares and any New Shares to be counted as present at the Company Stockholder Meeting, to vote the
Shares and any New Shares at the Company Stockholder Meeting, however called, and to execute
consents in respect of the Shares and any New Shares as and to the extent provided in Section 4(a).
SUBJECT TO THE PROVISIONS SET FORTH IN SECTION 7 HEREOF, ANY PROXY AND POWER OF ATTORNEY GRANTED
PURSUANT TO THIS SECTION 4(C) WILL BE IRREVOCABLE (IN ACCORDANCE WITH THE PROVISIONS OF SECTION 212
OF THE DGCL) AND COUPLED WITH AN INTEREST AND WILL UNDER NO CIRCUMSTANCES BE REVOKED PRIOR TO THE
TERMINATION OF THIS AGREEMENT. Upon the execution of this Agreement, the Holder agrees not to
grant any subsequent proxies or powers of attorney

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 with respect to the voting of the Shares or the New Shares on the matters referred to in
Section 4(a) until the earlier to occur of (A) the Effective Time and (B) the Expiration Date. The
Holder understands and acknowledges that Parent is entering into the Merger Agreement in reliance
upon the Holder’s execution and delivery of this Agreement and the Holder’s agreement to grant a
proxy as provided for in this Section 4(c). The Holder hereby affirms that any proxy granted
pursuant to this Section 4(c) will be given in connection with the execution of the Merger
Agreement, and that such proxy would be given to secure the performance of the duties of the Holder
under this Agreement. If for any reason any proxy granted hereby is not irrevocable, the Holder
agrees to vote the Shares and any New Shares in accordance with Section 4(a). Parent agrees that
to the extent it utilizes a proxy granted under this Section 4(c), that it will use such proxy to
vote the Shares and any New Shares in accordance with Section 4(a).

     5.       Representations, Warranties and Covenants of the Holder.    The Holder hereby
represents, warrants and covenants to Parent that the Holder (a) is the record and beneficial owner
of the Options, which, at the date of this Agreement and at all times up until the exercise of such
Options in accordance with the terms of this Agreement, will be free and clear of any liens,
claims, options, charges or other encumbrances (collectively, the “Encumbrances”), (b) upon
the exercise of the Options, will be the record and beneficial owner of the Shares (constituting
3,224,100 shares of Company Common Stock), which, at all times from and after such exercise up
until the earlier to occur of (i) the Effective Time and (ii) the Expiration Date, will be free and
clear of any such Encumbrances and (c) does not own of record or beneficially any shares of, or any
securities or other rights convertible or exercisable into shares of, any capital stock of the
Company other than the Options. Upon the exercise of the Options in accordance with this
Agreement, the Holder will have the sole right to vote, the sole power of disposition, the sole
power to issue instructions with respect to the matters set forth in Section 4, the sole power to
demand appraisal rights and the sole power to agree to all of the matters set forth in this
Agreement, in each case, with respect to all of the Shares, with no material limitations,
qualifications or restrictions on such rights, subject to applicable federal securities laws and
the terms of this Agreement. The Holder has the legal capacity, power and authority to enter into
and perform all of the Holder’s obligations under this Agreement (including under any proxy granted
pursuant to Section 4(c)). This Agreement (including any proxy granted pursuant to Section 4(c))
has been duly and validly executed and delivered by the Holder and constitutes a valid and binding
agreement of the Holder, enforceable against the Holder in accordance with its terms, subject to
(A) laws of general application relating to bankruptcy, insolvency and the relief of debtors and
(B) rules of law governing specific performance, injunctive relief and other equitable remedies.

     6.      Additional Documents.    The Holder hereby covenants and agrees to execute and
deliver any additional documents reasonably necessary to carry out the purpose and intent of this
Agreement.

     7.       Termination.    This Agreement and any proxy delivered in connection herewith shall
terminate and shall have no further force and effect as of the earlier to occur of (a) the
Expiration Date, (b) the termination of the Merger Agreement in accordance with the terms thereof,
(c) the date following the date of the Company Stockholder Meeting, including any adjournment or
postponement thereof and (d) the Effective Time.

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     8.       Fiduciary Duties.    Notwithstanding anything in this Agreement to the contrary: (a)
the Holder makes no agreement or understanding herein in any capacity other than in the Holder’s
capacity as a record holder and beneficial owner of the Options, the Shares (upon exercise of the
Options) and, if acquired, any New Shares, (b) nothing in this Agreement shall be construed to
limit or affect any action or inaction by the Holder acting in his capacity as a director or
fiduciary of the Company, and (c) the Holder shall have no liability to Parent, Merger Sub, Second
Merger Sub or any of their respective affiliates under this Agreement as a result of any action or
inaction by the Holder acting in his capacity as a director or fiduciary of the Company.

     9.       Miscellaneous.

(a)       Amendments and Waivers.    Any term of this Agreement may be amended or waived with
the written consent of the parties or their respective successors and assigns. Any amendment or
waiver effected in accordance with this Section 9(a) shall be binding upon the parties and their
respective successors and assigns.

(b)       Governing Law; Venue.    This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, without giving effect to principles of conflicts
of law thereof. Each of the parties hereto (a) consents to submit to the personal jurisdiction of
any federal court located in the State of Delaware or any Delaware state court in the event any
dispute arises out of this Agreement, (b) agrees that it shall not attempt to deny or defeat such
personal jurisdiction by motion or other request for leave from any such court and (c) agrees that
it shall not bring any action relating to this Agreement in any court other than a federal or state
court sitting in the State of Delaware.

(c)       Counterparts.    This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one instrument.

(d)       Titles and Subtitles.    The titles and subtitles used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting this Agreement.

(e)       Notices.    Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight
delivery service or confirmed facsimile, or 72 hours after being deposited in the regular mail as
certified or registered mail with postage prepaid, if such notice is addressed to the party to be
notified at such party’s address or facsimile number as set forth below, or as subsequently
modified by written notice.

(f)       Severability.    If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith,
in order to maintain the economic position enjoyed by each party as close as possible to that under
the provision rendered unenforceable. In the event that the parties cannot reach a mutually
agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded
from this Agreement, (b) the balance of the Agreement shall be interpreted as if such

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 provision were so excluded and (c) the balance of the Agreement shall be enforceable in
accordance with its terms.

(g)       Specific Performance.    Each of the parties hereto recognizes and acknowledges that
a breach of any covenants or agreements contained in this Agreement will cause Parent, Merger Sub
and Second Merger Sub to sustain damages for which they would not have an adequate remedy at law
for money damages, and therefore each of the parties hereto agrees that in the event of any such
breach Parent shall be entitled to the remedy of specific performance of such covenants and
agreements and injunctive and other equitable relief in addition to any other remedy to which they
may be entitled, at law or in equity.

(h)       WAIVER OF JURY TRIAL.    EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF
SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8(H).

(i)       Waiver of Appraisal Rights.    The Holder hereby waives and agrees not to exercise
any rights of appraisal or rights to dissent from the Merger that the Holder may at any time have.

(Signature Page Follows)

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The parties have caused this Agreement to be duly executed on the date first above written.

	 	 	 	 	 
	 	URS CORPORATION

 	 
	 	By:  	/s/ H. Thomas Hicks 	 
	 	Name: 	H. Thomas Hicks 	 
	 	Title:  	Vice
President and Chief Financial Officer 	 
	 
	 	WASHINGTON GROUP INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Stephen G. Hanks	 
	 	Name: 	Stephen G. Hanks 	 
	 	Title:  	President and Chief Executive Officer	 
	 
	 	“HOLDER”

 	 
	 	/s/ Dennis Washington
 	 
	 	Dennis R. Washington 	 
	 

Signature Page to

Option Exercise and Transaction Support Agreement

between URS, WGI and DRWEX-10.29

 

Exhibit 10.29

SECONDARY BLOCK TRADE AGREEMENT

October 23, 2007

5,500,000 shares of common stock of Fifth Third Bancorp (FITB)

This agreement dated October 23, 2007 sets out the terms under which UBS Securities LLC, (“UBS” /
“Buyer”) will purchase 5,500,000 shares of common stock
(the “Shares”) of Fifth Third Bancorp
(FITB) (the “Issuer”) from The Cincinnati Insurance
Company (“Seller”).

	1.	 	Purchase and sale
	 
	 	 	Subject to the terms and conditions of this agreement (the “Agreement”), Seller agrees as
legal and beneficial owner to sell the Shares, free of all liens, charges or other
encumbrances and Buyer agrees to purchase and pay for the Shares at a net price of $29.50
per Share for a total consideration of $162,250,000 (the “Purchase Price”) together with
all dividends, distributions and other benefits attaching to the Shares as from October 24,
2007 (the “Trade Date”). The Purchase Price will be reduced by the amount of any applicable
SEC fees payable pursuant to Section 31 of the Securities Exchange Act of 1934.
	 
	2.	 	Closing

	 	(a)	 	On October 29, 2007 or at such other time and/or date as Seller and Buyer may
agree (the “Closing Date”), Buyer shall pay to Seller the Purchase Price for the Shares
by transfer to Seller’s account to be identified in writing at least [48] hours prior
to payment against delivery of the Shares on the Closing Date. Such delivery shall be
effected by crediting the Shares in registered form to the participant account of UBS
Securities LLC at the Depository Trust and Clearing Corporation (“DTC”), DTC
participant number 642.
	 
	 	(b)	 	Seller agrees that it will not, and will ensure that none of its subsidiaries
or associates or holding company will, prior to the expiry of 90 days following the
Closing Date, offer, issue, sell or otherwise dispose of (or announce an intention of
doing so) any other shares of the Issuer or any securities convertible into or
exchangeable for or carrying rights to acquire other shares of the Issuer without the
prior written consent of Buyer.
	 
	 	(c)	 	Seller undertakes with Buyer that it will bear and pay any stamp or other
duties or taxes on or in connection with the sale and transfer of the Shares to be sold
by Seller and the execution and delivery of this Agreement and any other tax payable by
Seller in connection with the transaction contemplated hereby.

	3.	 	Expenses
	 
	 	 	Seller and Buyer shall bear their own legal costs (if any) and all their other out-of-pocket
expenses (if any).
	 
	4.	 	Representations and warranties

	 	(a)	 	As a condition of the obligation of Buyer to purchase and pay for the Shares,
Seller represents and warrants to Buyer as follows:

	 	(i)	 	that Seller is the holder and sole legal and beneficial owner
of the Shares free from all liens, charges and other encumbrances and that the
Shares rank pari passu in all respects with other outstanding shares of common
stock of the Issuer, including their entitlement to dividends,
	 
	 	(ii)	 	that Seller has the power and authority to sell the Shares
hereunder and no person has any conflicting right, contingent or otherwise, to
purchase or to be offered for purchase, the Shares, or any of them,

			
	 	 	 
	Secondary Block Trade Letter Agreement	 	 
	 
	 	December 2000

 

 

	 	(iii)	 	that the execution, delivery and performance of this Agreement
has been duly authorised by Seller and upon execution and delivery of the
Agreement by the Buyer and the Seller will constitute a legal, valid and
binding obligation of Seller,
	 
	 	(iv)	 	that the execution, delivery and performance of this Agreement
by Seller will not infringe any law or regulation applicable to Seller and is
not and will not be contrary to the provisions of the constitutional documents
of Seller and will not result in any breach of the terms of, or constitute a
default under, any instrument or agreement to which Seller is a party or by
which it or its property is bound,
	 
	 	(v)	 	that there are no restrictions (contractual or otherwise)
prohibiting or otherwise affecting the sale or transfer of the Shares to Buyer,
other than those necessary to ensure compliance with the registration
requirements of the U.S. Securities Act of 1933, as amended, or an exemption
therefrom, and no consents or approvals are required to be obtained in
connection with the sale of the Shares to Buyer and the sale of the Shares to
Buyer will not violate or breach any representation or warranty made by Seller
pertaining to the Shares. Seller has furnished to Buyer a true and complete
copy of all agreements, documents and other instruments relating to the
issuance, sale and delivery of the Shares to Seller.
	 
	 	(vi)	 	that all consents and approvals of any court, government
department or other regulatory body required by Seller for the offering of the
Shares and the execution, delivery and performance of the terms of this
Agreement have been obtained and are in full force and effect,
	 
	 	(vii)	 	that there has been no material adverse change or any
development involving a prospective material adverse change in the condition
(financial or otherwise) of the Issuer and its subsidiaries since the date of
the last published accounts,
	 
	 	(viii)	 	that there is no other material information, beyond the information contained
in the latest published Annual Report of the Issuer or any other public
information including interim results and press releases which is necessary to
enable investors and their investment advisers to make an informed assessment
of the assets and liabilities, financial position, profits and losses and
prospects of the Issuer and its subsidiaries, and
	 
	 	(ix)	 	the representations and warranties of Seller set forth in
Seller’s representation letter (in form similar to the form attached as Exhibit
A titled, “Seller’s Representation Letter”), dated on or about the date hereof,
to Buyer are true and correct.

	 	(b)	 	Seller covenants with Buyer that it will keep Buyer indemnified against any
losses, liabilities, costs, claims, actions and demands (including any expenses arising
in connection therewith) which it may incur, or which may be made against it as a
result of or in relation to any actual or alleged misrepresentation in or breach of any
of the above representations and warranties and will reimburse Buyer for all costs,
charges and expenses which it may pay or incur in connection with investigating,
disputing or defending any such action or claim.
	 
	 	(c)	 	The above representations, warranties and indemnity shall continue in full
force and effect notwithstanding any investigation by or on behalf of Buyer or
completion of this Agreement.

	6.	 	Conditions to Closing
	 
	 	 	The obligations of Buyer hereunder shall be subject, in its discretion, to the condition
that all representations and warranties and other statements of Seller herein are, and as of
the Closing Date will be, true, complete and accurate.

			
	 	 	 
	Secondary Block Trade Letter Agreement	 	 
	 
	 	December 2000

 

 

	7.	 	Law and jurisdiction
	 
	 	 	This Agreement is governed by the laws of the State of New York as applied to contracts to
be performed wholly within the State of New York. Each party hereto irrevocably submits to
the extent permitted under applicable law to the non-exclusive jurisdiction of the federal
and state courts located in the Borough of Manhattan, State of New York. Each party waives,
to the fullest extent permitted by applicable law, any right it may have to a trial by jury
in respect of any suit, action or proceeding relating to this Agreement. Each party
certifies (i) that no representative, agent or attorney of the other party has represented,
expressly or otherwise, that such other party would not seek to enforce the foregoing waiver
in the event of any such suit, action or proceeding and (ii) acknowledges that it and the
other party have entered into this Agreement, in reliance on, among other things, the mutual
waivers and certifications in this Section.
	 
	8.	 	Notices
	 
	 	 	Any notice or notification in any form to be given by the Buyer is to be sent by facsimile,
addressed to the Seller and using the following address and facsimile number:

Martin F. Hollenbeck

Vice President, Investment Department

The Cincinnati Insurance Company

6200 S. Gilmore Road

Fairfield, Ohio 45014

Telephone: (513) 870-2634

Fax: (513) 870-0609

	 	 	Any such notice shall take effect at the time of dispatch.
	 
	9.	 	Miscellaneous

	 	(a)	 	Time shall be of the essence of this Agreement.
	 
	 	(b)	 	The heading to each Clause is included for convenience only and shall not
affect the construction of this Agreement.
	 
	 	(c)	 	In the event any provision of this Agreement is found to be or becomes invalid
or unenforceable, no other provision of this Agreement shall thereby be affected and
the Agreement shall remain valid and enforceable in respect of all remaining
provisions, and any invalid or unenforceable provision will be deemed to be replaced by
a provision which as nearly as possible accomplishes the commercial purpose of the
original.

If the foregoing is in accordance with your understanding, please sign and return to us a
counterpart hereof. Upon acceptance by you this Agreement and such acceptance shall constitute a
binding agreement between Buyer and Seller.

Yours faithfully

UBS Securities LLC

                                                                     
                                                               

Agreed to and accepted by Seller:

                                                            

The Cincinnati Insurance Company

By: Kenneth W. Stecher

Title: Chief Financial Officer and Treasurer

			
	 	 	 
	Secondary Block Trade Letter Agreement	 	 
	 
	 	December 2000

 

 

EXHIBIT A

SELLER’S REPRESENTATION LETTER

	 	 	 	 	 	 	 
	To:

	 	UBS Securities LLC
	 	To:
	 	Fifth Third Bancorp
	 

	 	677 Washington Blvd
	 	 	 	38 Fountain Square Plaza
	 

	 	Stamford CT 06901
	 	 	 	MD10AT76
	 

	 	Attn: Restricted Securities, ERM
	 	 	 	Cincinnati, OH 45202
	 

	 	Facsimile: 203 719 7031
	 	 	 	Attn: Paul Reynolds, Esq., General Counsel
	 

	 	 	 	 	 	Facsimile: 513 534 6757

In conjunction with the order to sell 5,500,000 shares of common stock (“the Shares”) of Fifth
Third Bancorp (the “Issuer”) through you as broker or dealer for The Cincinnati Insurance Company’s
(“Seller’s”) account in the manner permitted by Rule 144 (the “Rule”) under the Securities Act of
1933, Seller represents and warrants to you as follows:

	1.	 	During the three months prior to the date of this letter, no shares of the Issuer have been
sold by Seller and by any person whose sales must be aggregated with Seller as provided in
paragraphs (a) and (e) of the Rule (“Aggregated Persons”). Neither Seller nor, to the best of
Seller’s knowledge, any person whose sales must be aggregated with Seller’s, intend to sell
any additional shares within the next three calendar months.
	 
	2.	 	Seller, on a consolidated basis with its parent and subsidiary companies is an affiliate of
the Issuer.
	 
	3.	 	The number of shares which Seller orders you to sell as broker or dealer for Seller’s
account, combined with (i) the number of shares which Aggregated Persons have ordered you to
sell and (ii) the number of shares set forth in paragraph (1) above, does not exceed the
greater of:

	 	a.	 	1% of the outstanding shares of the security, as shown by the most recent report or
statement published by the Issuer, or
	 
	 	b.	 	if the security is listed on a national securities exchange and/or NASDAQ, the
average weekly volume of trading on all such securities exchanges and/or NASDAQ during the
four calendar weeks preceding Seller’s filing of the Form 144 Notice with the Securities
and Exchange Commission (“SEC”).

	4.	 	The Issuer has filed the required periodic reports with the SEC as described in Rule
144(c)(1) under the Act. If Seller relies on written advice from the Issuer, Seller attaches
a copy hereto. Seller is not aware of any material adverse information concerning the Issuer
that has not been publicly disclosed.
	 
	5.	 	If the Shares are “restricted securities” as defined in paragraph (a)(3) of the Rule, Seller
confirms that Seller has been the beneficial owner for a period of at least one year as
provided in paragraph (d) of the Rule.
	 
	6.	 	a) Seller has not solicited or arranged for the solicitation of any orders to buy in
anticipation of or in connection with Seller’s proposed sale.

	 	b)	 	Seller has made no payment to any other person in connection with your execution of Seller’s
order.
	 
	 	c)	 	Seller has not agreed to act in concert with any other person in connection with
Seller’s proposed sale, except for such other stockholders of the Issuer as are parties to
a letter agreement with you related thereto dated this date.

	7.	 	Seller shall file notices on Form 144 with the SEC and any applicable exchange as required by
paragraph (h) of the Rule.
	 
	8.	 	It is Seller’s bona fide intention to sell the Shares within a reasonable time after the
filing of Form 144 or receipt of the sell order, or both. If the Shares have not been sold
within 90 days of such date, Seller understands a new filing will be required.
	 
	9.	 	Pursuant to the exemption from registration provided by paragraph (e)(1) of the Rule, no
registration of the Shares is required for their offer and sale in the manner contemplated.
	 
	10.	 	Seller understands that the payment of the proceeds of the sale will be delayed until the
Shares are transferred and delivered free of restriction into UBS Securities LLC’s participant
account at the Depository Trust and Clearing Corporation (“DTC”), DTC participant number 642.

Seller agrees to notify UBS Securities LLC immediately if any of the above representations become
inaccurate before this sale is completed.

Very truly yours,

	 	 	 	 	 
	 

	 	 	 	 
	The Cincinnati Insurance Company

	 	October 23, 2007
	 	 
	By: Kenneth W. Stecher
	 	 	 	 
	Title: Chief Financial Officer and Treasurer
	 	 	 	 

			
	 	 	 
	Secondary Block Trade Letter Agreement	 	 
	 
	 	December 2000

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