1
Exhibit 10.1
FIRST AMENDMENT TO COMMON STOCK PURCHASE AGREEMENT
This FIRST AMENDMENT TO COMMON STOCK PURCHASE AGREEMENT (the
"Amendment") is entered into as of January 11, 2001 by and between Leap Wireless
International, Inc., a Delaware corporation (the "Company"), and Acqua
Wellington North American Equities Fund, Ltd., a limited liability company
organized under the laws of the Commonwealth of The Bahamas (the "Purchaser").
WHEREAS, the Company and the Purchaser entered into a Common Stock
Purchase Agreement, dated as of December 20, 2000 (the "Agreement"); and
WHEREAS, the Company and the Purchaser now wish to amend a provision of
the Agreement regarding the initial Call Option amount to permit the Company to
grant Call Options of up to $40,000,000 in the aggregate with the initial Draw
Down; and
WHEREAS, the Company and the Purchaser believe this Amendment will
benefit each of them.
NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged, the Company and the Purchaser hereby agree as follows:
1. Section 2.1 of the Agreement shall be revised to state in its
entirety as follows:
"SECTION 2.1 Purchase and Sale of Stock. Subject to the terms and
conditions of this Agreement, the Company shall issue and sell to the
Purchaser and the Purchaser shall purchase from the Company up to the
greater of $250,000,000 and the aggregate Draw Down Amounts and Call
Option Amounts permitted under this Agreement of the Common Stock,
$.0001 par value per share (the "Common Stock"), consisting of (i) an
initial Draw Down, subject to Section 6.1 hereof, of up to $15,000,000
which may be requested at any time on or after the Closing Date, and
initial Call Options, subject to Section 6.2 hereof, of up to
$40,000,000 in the aggregate, to be granted with the initial Draw Down,
and (ii) subsequent Draw Downs, subject to Section 6.1 hereof, of up to
$10,000,000 in any Draw Down Pricing Period and Call Options, subject to
Section 6.2 hereof, of up to the Draw Down Amount for the applicable
Draw Down Pricing Period that the Company may grant to the Purchaser in
the Company's sole discretion."
2. This Amendment may be executed in one or more counterparts, each of
which when executed shall be deemed to be an original, including counterparts
transmitted by facsimile, but all of which taken together shall constitute one
and the same agreement.
3. On and after the date hereof, each reference in the Agreement to the
"Agreement" shall mean the Agreement as amended hereby. Except as specifically
amended above, the Agreement shall remain in full force and effect and is hereby
ratified and confirmed. The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any party hereto, nor constitute a waiver of any
provision of the Agreement.
[Signature page follows]
2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officer as of the date first
written above.
LEAP WIRELESS INTERNATIONAL, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
---------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Senior Vice President, Finance
and Treasurer
ACQUA WELLINGTON NORTH AMERICAN EQUITIES
FUND, LTD.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Secretary
2
