Amendment No. 1 to the Interim Investors Agreement
Exhibit (d)(9)(i)
Execution Copy
Amendment No. 1 to the Interim Investors Agreement
This AMENDMENT NO. 1, dated as of August 2, 2013 (this “Amendment”), amends that certain INTERIM INVESTORS AGREEMENT, dated as of February 5, 2013, by and among Denali Holding Inc., a Delaware corporation (“Parent”), Xxxxxxx X. Dell (“MD”) and Xxxxx Xxxxxxxxx Dell Separate Property Trust (together with MD, the “MD Investors”), MSDC Management, L.P., a Delaware limited partnership (together with its affiliated investment funds, “MSDC Investor”), Silver Lake Partners III, L.P., a Delaware limited partnership (“SLP III”), Silver Lake Partners IV, L.P., a Delaware limited partnership (“SLP IV”) and Silver Lake Technology Investors III, L.P., a Delaware limited partnership (“SLTI III”, with SLP III and SLP IV, collectively the “Equity Investors”, and together with the MD Investors and MSDC Investor, the “Investors”) and, for purposes of Sections 2.7.2, 2.12.2, 2.12.6, 2.20 and Article III therein only, Xxxxxxx X. Dell 2009 Gift Trust, created on May 3, 2009 pursuant to the exercise of a power of appointment by Xxxxx X. Dell over the MSD 1997 Gift Trust and naming Xxxxx X. Dell as trustee thereof, and Xxxxx X. Dell 2009 Gift Trust, created on May 4, 2009 pursuant to the exercise of a power of appointment by Xxxxxx X. Xxxxxxxxx over the SLD 1997 Gift Trust and naming Xxxxxx X. Xxxxxxxxx as trustee thereof (together, the “Gift Trusts”) (as amended hereby, the “Interim Investors Agreements”), and is by and between MD and the Equity Investors.
RECITALS
WHEREAS, Parent is on the date hereof entering into an amendment to the Agreement and Plan of Merger, dated as of February 5, 2013, by and between Parent, Denali Intermediate Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“Intermediate”), Denali Acquiror Inc., a Delaware corporation and a wholly-owned subsidiary of Intermediate (“Merger Sub”) and Dell Inc., a Delaware corporation (“Dell”);
WHEREAS, in connection with amending the Agreement and Plan of Merger, the parties hereto wish to amend the Interim Investors Agreement, dated as of February 5, 2013, as set forth herein;
WHEREAS, Section 3.2 of the Interim Investors Agreement states that the Interim Investors Agreement may be amended or modified only by an agreement in writing signed by MD and the Equity Investors;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. | Exhibit A. Exhibit A of the Interim Investors Agreement is hereby replaced in its entirety with Exhibit A hereto. |
2. | Exhibit B-1. Exhibit B-1 of the Interim Investors Agreement is hereby amended by Exhibit B-1 hereto. |
3. | Exhibit B-2. Exhibit B-2 of the Interim Investors Agreement is hereby amended by Exhibit B-2 hereto. |
4. | Exhibit B-3. Exhibit B-3 of the Interim Investors Agreement is hereby amended by Exhibit B-3 hereto. |
5. | Exhibit C. Exhibit C of the Interim Investors Agreement is hereby replaced in its entirety with Exhibit C hereto. |
6. | Investor Authority Relative to Amendment. Each Investor hereby represents and warrants to the other Investors and to the Gift Trusts that the execution, delivery and performance of this Amendment and the Investor Commitment Letter to which it is a party, has been duly and validly authorized and approved by all necessary organizational, corporate, limited liability company, partnership, trust or other similar action, and no other proceedings or actions on the part of such Investor are or will be necessary therefor; |
7. | References to the Agreement. After giving effect to this Amendment, each reference in the Interim Investor Agreement to “this Agreement”, “hereof”, “hereunder” or words of like import referring to the Interim Investor Agreement shall refer to the Interim Investor Agreement as amended by this Amendment. |
8. | Construction. Except as expressly provided in this Amendment, all references in the Interim Investor Agreement to “the date hereof” or “the date of this Agreement” shall refer to February 5, 2013. |
9. | Other Miscellaneous Terms. The provisions of Article III (Miscellaneous) of the Interim Investor Agreement shall apply mutatis mutandis to this Amendment, and to the Interim Investor Agreement as modified by this Amendment, taken together as a single agreement, reflecting the terms as modified hereby. |
10. | No Further Amendment. Except as amended hereby, the Interim Investor Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the undersigned has duly executed this Agreement (or caused this Agreement to be executed on its behalf by its officer or representative thereunto duly authorized) as of the date first above written.
By: | /s/ Xxxxxxx X. Dell | |
Name: Xxxxxxx X. Dell |
EQUITY INVESTORS | ||||
SILVER LAKE PARTNERS III, L.P. | ||||
By: | Silver Lake Technology Associates III, L.P., its general partner | |||
By: | SLTA III (GP), L.L.C., its general partner | |||
By: | Silver Lake Group, L.L.C., its managing member | |||
By: | /s/ Xxxxx X. Xxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxx | |||
Title: | Managing Director | |||
SILVER LAKE PARTNERS IV, L.P. | ||||
By: | Silver Lake Technology Associates IV, L.P., its general partner | |||
By: | SLTA IV (GP), L.L.C., its general partner | |||
By: | Silver Lake Group, L.L.C., its managing member | |||
By: | /s/ Xxxxx X. Xxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxx | |||
Title: | Managing Director | |||
SILVER LAKE TECHNOLOGY INVESTORS III, L.P. | ||||
By: | Silver Lake Technology Associates III, L.P., its general partner | |||
By: | SLTA III (GP), L.L.C., its general partner | |||
By: | Silver Lake Group, L.L.C., its managing member | |||
By: | /s/ Xxxxx X. Xxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxx | |||
Title: | Managing Director |