SEC Contract Filing

Filing Date: 2016-05-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>a102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="s3EE8EC9BF805D92BE066E4B4C3E6F684"></a></div><div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;padding-left:288px;text-indent:528px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.2</font></div><div style="line-height:120%;padding-bottom:48px;text-align:left;padding-left:337px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">May 23, 2016</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Elliott Associates, L.P.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Elliott International, L.P.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Elliott International Capital Advisors Inc.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40 West 57th Street</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">New York, NY 10019</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Attention: Joseph Jackson</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Ladies and Gentlemen:</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reference is made in this letter agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to a proposed Stockholder Voting and Support Agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Support Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to be entered into by Ares Capital Corporation, a Maryland corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Ares</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Elliott Associates, L.P., a Delaware limited partnership (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Elliott International, L.P., a Cayman Islands limited partnership (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott International</font><font style="font-family:inherit;font-size:12pt;">&#8221;), in connection with the proposed acquisition of American Capital, Ltd., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), by Ares (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transaction</font><font style="font-family:inherit;font-size:12pt;">&#8221;), to be effected by a definitive agreement with respect to the Transaction (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transaction Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Elliott, Elliott International and Elliott International Capital Advisors Inc., a Delaware corporation, are collectively referred to herein as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221;. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In consideration for, among other things, the willingness of the Elliott Parties to support the Transaction and the Transaction Agreement, the parties hereby agree that they shall use their reasonable best efforts to enter into a settlement agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Settlement Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), provided that discussions among the parties regarding the Settlement Agreement shall take place commencing at 4:00 pm Eastern Time on May 27, 2016 with a target of completing such discussions by 8:00 am Eastern Time on June 6, 2016. Such Settlement Agreement shall provide, among other things, that in the event the proposed Transaction is terminated (a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Termination Event</font><font style="font-family:inherit;font-size:12pt;">&#8221;), whether as a result of the Company&#8217;s failure to obtain stockholder approval for the Transaction at a stockholder meeting held for such purpose or the termination of the Transaction Agreement by any