SECOND AMENDMENT TO THE EQUITY COMMITMENT AGREEMENT
Exhibit
K
SECOND AMENDMENT TO THE EQUITY COMMITMENT AGREEMENT
This Second Amendment (this “Amendment”), dated as of June 20, 2010, is made and
entered into by and among Visteon Corporation (as debtor-in-possession and a reorganized debtor, as
applicable, the “Company”) and the Investors whose signatures are set forth below (the
“Amending Investors”). Capitalized terms used and not otherwise defined herein have the
meanings set forth in the Equity Commitment Agreement (as defined below).
WHEREAS, the Company and the Amending Investors are parties to that certain Equity Commitment
Agreement, dated as of May 6, 2010 (as amended by that certain First Amendment to the Equity
Commitment Agreement, dated as of June 13, 2010, the “Equity Commitment Agreement”);
WHEREAS, Section 11.7 of the Equity Commitment Agreement provides, among other things, that
the Equity Commitment Agreement may be amended only in a writing signed by the Company and all of
the Lead Investors, subject to the other provisions set forth in the Equity Commitment Agreement;
and
WHEREAS, the Company and the Amending Investors wish to amend the Equity Commitment Agreement,
and the Amending Investors include all of the Lead Investors;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
in the Equity Commitment Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
A. Amendments to the Equity Commitment Agreement. The Equity Commitment Agreement is
hereby amended as follows:
1. Section 7.2(b) — Milestone Date. Clause (iv) of Section 7.2(b) of the Equity
Commitment Agreement shall be amended by deleting the phrase “June 20, 2010” and replacing it with
the phrase “July 2, 2010”.
2. Section 10.1(c) — Milestone Date. Clause (ii) of Section 10.1(c) of the Equity
Commitment Agreement shall be amended by deleting the phrase “June 20, 2010” and replacing it with
the phrase “July 2, 2010”.
B. Miscellaneous. This Amendment and the Equity Commitment Agreement, together,
contain the complete agreement among the parties hereto and thereto and supersede any prior
understandings, agreements, letters of intent, or representations by or among such parties, written
or oral, that may have related to the subject matter hereof in any way. Except as specifically
amended hereby, the Equity Commitment Agreement, as amended hereby, shall remain in full force and
effect. The terms and provisions of Sections 11.1 through 11.8 and 11.10 of the Equity Commitment
Agreement are incorporated herein by reference as if set forth herein in their entirety and shall
apply mutatis mutandis to this Amendment.
* * * * *
IN WITNESS WHEREOF, the parties have executed or caused this Amendment to be executed as of
the date first written above.
VISTEON CORPORATION |
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By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment
Agreement — Company Signature Page]
CQS CONVERTIBLE AND QUANTITATIVE STRATEGIES MASTER FUND LIMITED |
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By: | ||||
Name: | ||||
Title: | Authorized Signatory |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
CQS DIRECTIONAL OPPORTUNITIES MASTER FUND LIMITED |
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By: | ||||
Name: | ||||
Title: | Authorized Signatory |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
DEUTSCHE BANK SECURITIES INC. (Solely with Respect to the Distressed Products Group) |
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By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
XXXXXXX INTERNATIONAL, L.P. |
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By: | Xxxxxxx International Capital Advisors Inc., as | |||
Attorney-in-Fact | ||||
By: | ||||
Name: | Xxxxxx Xxxxxxxxx | |||
Title: | Vice President |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
XXXXXXX, SACHS & CO., solely with respect to the High Yield Distressed Investing Group |
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By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
KIVU INVESTMENT FUND LIMITED |
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By: | ||||
Name: | ||||
Title: | Authorized Signatory |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
MONARCH MASTER FUNDING LTD |
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By: | MONARCH ALTERNATIVE CAPITAL LP, its investment advisor | |||
By: | ||||
Name: | Xxxxxxxxxxx Xxxxxxx | |||
Title: | Managing Principal |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
OAK HILL ADVISORS, L.P., on behalf of certain private funds and separate accounts that it manages |
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By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
SOLUS ALTERNATIVE ASSET MANAGEMENT LP, as investment
advisor to its private funds |
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By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
THE LIVERPOOL LIMITED PARTNERSHIP |
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By: | Liverpool Associates, Ltd., as General Partner | |||
By: | ||||
Name: | Xxxxxx Xxxxxxxxx | |||
Title: | Vice President |
[Second Amendment to the Equity Commitment Agreement — Lead Investor Signature Page]
ALDEN GLOBAL DISTRESSED OPPORTUNITIES FUND, L.P. |
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By: | Alden Global Distressed Opportunities Fund GP, LLC, its general partner | |||
By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment
Agreement — Co-Investor Signature Page]
XXXXX ARBITRAGE, L.P. |
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By: | ||||
Name: | Tal Gurion | |||
Title: | Managing Director of Investment Manager |
[Second Amendment to the Equity Commitment
Agreement — Co-Investor Signature Page]
XXXXX ARBITRAGE OFFSHORE |
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By: | ||||
Name: | Tal Gurion | |||
Title: | Managing Director of Investment Manager | |||
[Second Amendment to the Equity Commitment
Agreement — Co-Investor Signature Page]
ARMORY MASTER FUND LTD. |
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By: | Armory Advisors LLC, its Investment Manager | |||
By: | ||||
Name: | Xxx Xxxxxxx | |||
Title: | Manager | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CAPITAL VENTURES INTERNATIONAL |
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By: | Susquehanna Advisors Group, Inc., | |||
its authorized agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CASPIAN CAPITAL PARTNERS, L.P. |
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By: | Mariner Investment Group, as Investment Advisor | |||
By: | ||||
Name: | Xxxxx Xxxxxxx | |||
Title: | Principal | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CASPIAN SELECT CREDIT MASTER FUND, LTD. |
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By: | Mariner Investment Group, as Investment Advisor | |||
By: | ||||
Name: | Xxxxx Xxxxxxx | |||
Title: | Principal | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CITADEL SECURITIES LLC |
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By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CSS, LLC |
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By: | ||||
Name: | Xxxxx Xxxxx | |||
Title: | Partner | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CUMBERLAND PARTNERS |
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By: | CUMBERLAND GP LLC, its General Partner | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CUMBERLAND BENCHMARKED PARTNERS, L.P. |
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By: | CUMBERLAND BENCHMARKED GP LLC, | |||
its General Partner | ||||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
LONGVIEW PARTNERS B, L.P. |
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By: | LONGVIEW B GP LLC, its General Partner | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
XXXXXX INTERNATIONAL S.A. |
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By: | CUMBERLAND ASSOCIATES LLC, as Investment Adviser | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CYRUS EUROPE MASTER FUND LTD. |
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By: | Cyrus Capital Partners, L.P. as Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CYRUS SELECT OPPORTUNITIES MASTER FUND, LTD. |
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By: | Cyrus Capital Partners, LP as Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CRESCENT 1 L.P. |
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By: | Cyrus Capital Partners, L.P. as Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CRS FUND LTD. |
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By: | Cyrus Capital Partners, L.P. as Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
CYRUS OPPORTUNITIES MASTER FUND II, LTD. |
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By: | Cyrus Capital Partners, L.P. as Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
HALBIS DISTRESSED OPPORTUNITIES MASTER FUND, LTD. |
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By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
MARINER LDC |
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By: | Mariner Investment Group, as Investment Advisor | |||
By: | ||||
Name: | Xxxxx Xxxxxxx | |||
Title: | Principal | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
MARINER LDC |
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By: | Riva Ridge Capital Management LP, | |||
as Investment Manager | ||||
By: | Riva Ridge GP LLC, GP to the Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
MERCED PARTNERS LIMITED PARTNERSHIP |
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By: | Global Capital Management, Inc., General Partner | |||
By: | ||||
Name: | Xxxxxx X. Rock | |||
Title: | Authorized Representative | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
MERCED PARTNERS II, L.P. |
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By: | Lydiard Partners, L.P., General Partner | |||
By: | Tanglewood Capital Management, Inc., | |||
General Partner | ||||
By: | ||||
Name: | Xxxxxx X. Rock | |||
Title: | Authorized Representative | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
NEWFINANCE ALDEN SPV |
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By: | Alden Global Capital, its Trading Advisor | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
QVT FUND LP |
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By: | QVT Associates GP LLC, its general partner | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
QUINTESSENCE FUND L.P. |
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By: | QVT Associates GP LLC, its general partner | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
RIVA RIDGE MASTER FUND, LTD. |
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By: | Riva Ridge Capital Management LP, | |||
as Investment Manager | ||||
By: | Riva Ridge GP LLC, GP to the Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
SENECA CAPITAL, L.P. |
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By: | ||||
Name: | Xxxx Xxxxxxxxx | |||
Title: | CFO | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
SILVER POINT CAPITAL, L.P. on behalf of its affiliates and related funds |
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By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
SPECTRUM INVESTMENT PARTNERS, L.P. |
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By: | Spectrum Group Management LLC, its | |||
general partner | ||||
By: | ||||
Name: | Xxxxxxx X. Xxxxxxxx | |||
Title: | Managing Member | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
SIPI MASTER LTD. |
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By: | Spectrum Investment Management LLC, | |||
its investment manager | ||||
By: | ||||
Name: | Xxxxxxx X. Xxxxxxxx | |||
Title: | Managing Member | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
XXXXX CRITERION MASTER FUND LTD. |
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By: | Xxxxx Criterion Management LLC | |||
Its: | Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
XXXXX MASTER FUND LTD. |
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By: | Xxxxx Offshore Management LLC | |||
Its: | Investment Manager | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
THE SEAPORT GROUP LLC PROFIT SHARING PLAN |
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By: | Armory Advisors LLC, its Investment Advisor | |||
By: | ||||
Name: | Xxx Xxxxxxx | |||
Title: | Manager | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
UBS SECURITIES LLC (solely with respect to the Distressed Debt TradingGroup) |
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By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
VENOR CAPITAL MASTER FUND LTD. |
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By: | ||||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Authorized Signatory | |||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
WHITEBOX HEDGED HIGH YIELD PARTNERS, L.P. |
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By: | Whitebox Hedged High Yield Advisors, LLC, its General Partner | |||
By: | Whitebox Advisors, LLC, its Managing Member | |||
By: | ||||
Name: | ||||
Title: |
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]
WHITEBOX COMBINED PARTNERS, L.P. |
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By: | Whitebox Combined Advisors, LLC, its General Partner | |||
By: | Whitebox Advisors, LLC, its Managing Member | |||
By: | ||||
Name: | ||||
Title: | ||||
[Second Amendment to the Equity Commitment Agreement — Co-Investor Signature Page]