Amendment No. 4 to the Amended and Restated Asset Sale Agreement
Exhibit 2.2
Amendment No. 4 to the Amended and Restated Asset Sale Agreement
This
Amendment No. 4 (“Amendment No. 4”), dated
as of the 15th day of March
2010, to the Amended and Restated Asset Sale Agreement (the “Agreement”), dated as of
November 24, 2009, as amended from time to time, by and among Nortel Networks Corporation, a
corporation organized under the laws of Canada (“NNC”), Nortel Networks Limited, a
corporation organized under the laws of Canada (“NNL”), Nortel Networks Inc., a corporation
organized under the laws of Delaware (“NNI” and, together with NNC and NNL, the “Main
Sellers”), and the other entities identified therein as Sellers, and Ciena Corporation, a
corporation organized under the laws of Delaware (the “Purchaser”). Unless otherwise
specified, capitalized terms used herein and not defined shall have the meaning set forth in the
Agreement.
WHEREAS, pursuant to the Agreement, the Sellers (as defined in the Agreement) have agreed to
transfer to the Purchaser and/or the Designated Purchasers (as defined in the Agreement) the Assets
and Assumed Liabilities (each as defined in the Agreement) from the Sellers;
WHEREAS, the Parties have determined that certain Affiliates of the Main Sellers that are the
owners of record of three (3) patents listed in Section 1.1(k) of the Sellers Disclosure Schedule,
which patents are to be transferred to the Purchaser upon Closing, are not currently party to the
Agreement;
WHEREAS, pursuant to Section 11.4 of the Agreement, the Parties desire to amend certain
provisions of the Agreement, including Exhibit A and Exhibit C to the Agreement and Section 11.15
of the Sellers Disclosure Schedule, as set forth herein.
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for
other good, valuable and binding consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
1. | The following entities are hereby added to Exhibit A to the Agreement: |
(a) | CoreTek, Inc.; | ||
(b) | Qtera Corporation; and | ||
(c) | Xros, Inc. |
2. | The following entities are hereby added to Part 2 of Exhibit C to the Agreement: |
CoreTek, Inc. | Delaware | |||
Qtera Corporation | Delaware | |||
Xros, Inc. | Delaware |
3. | In Section 1.1 of the Agreement the definition of “TSA Sellers” is hereby deleted and replaced with: |
““TSA Sellers” means the Main Sellers, Nortel Networks UK Limited, Nortel
Networks (Ireland) Limited and the Other Sellers (other than CoreTek, Inc.,
Qtera Corporation and Xros, Inc.).”
4. | In Section 11.15(c) of the Agreement, the reference to “all the other U.S. Debtors and” is hereby deleted. | |
5. | Section 11.16 of the Agreement is hereby deleted and replaced with: |
“Obligations of Sellers. When references are made in this Agreement
to certain Sellers causing Other Sellers to undertake (or to not undertake)
certain actions, or agreements are being made on behalf of certain Other
Sellers or other Affiliates, “Sellers” for purposes of such clause shall be
deemed to mean the representative appointed pursuant to Section 11.15 for
such Other Seller.”
6. | Section 11.15(a)(i) of the Sellers Disclosure Schedule is hereby deleted and replaced with: |
Entity Name | Jurisdiction | |
CoreTek, Inc.
|
Delaware | |
Xros, Inc.
|
Delaware |
7. | The following row is hereby added to the table in Section 11.15(a)(iii) of the Sellers Disclosure Schedule: |
Qtera Corporation
|
Delaware |
8. | This Amendment No. 4 shall not constitute a modification of any provision, term or condition of the Agreement or any other Transaction Document except solely to the extent and solely for the purposes described herein. Except to the extent that provisions of the Agreement are hereby expressly modified as set forth herein, the Agreement and the other Transaction Documents shall remain unchanged and in full force and effect. |
9. | The recitals to this Amendment No. 4 form an integral part hereof. | |
10. | This Amendment No. 4 may be executed in multiple counterparts (including by facsimile or other electronic means), each of which shall constitute one and the same document. | |
11. | This Amendment No. 4 shall be binding upon the parties hereto and their respective successors and assigns. | |
12. | Any term or provision of this Amendment No. 4 that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining |
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terms and provisions hereof or the validity or enforceability of the offending term or
provision in any other situation or in any other jurisdiction.
13. | This Amendment No. 4 shall be governed by and construed in all respects by the Laws of the State of New York without regard to the rules of conflict of laws of the State of New York or any other jurisdiction. Any Action arising out of or relating to this Amendment No. 4 shall be resolved in accordance with Section 11.6 of the Agreement. |
[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have signed, or caused this Amendment No. 4 to be
signed by their respective officers thereunto duly authorized, as of the date first written above.
NORTEL NETWORKS CORPORATION, on its own behalf and on behalf of the Other Sellers listed in Section 11.15(a)(i) of the Sellers Disclosure Schedule |
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By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | General Counsel-Corporate and Corporate Secretary | |||
By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | Senior Vice-President, Finance and Corporate Services | |||
NORTEL NETWORKS LIMITED, on its own behalf and on behalf of the Other Sellers listed in Section 11.15(a)(ii) of the Sellers Disclosure Schedule |
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By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | General Counsel-Corporate and Corporate Secretary | |||
By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | Senior Vice-President, Finance and Corporate Services | |||
NORTEL NETWORKS INC., on its own behalf and on behalf of the Other Sellers listed in Section 11.15(a)(iii) of the Sellers Disclosure Schedule |
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By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | Chief Legal Officer | |||
[Signature page to Amendment No. 4 to the ASA]
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CIENA CORPORATION |
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By: | /s/ Xxxxx X. Xxxxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxxxx | |||
Title: | Senior Vice-President, General Counsel and Secretary | |||
Signature
Page to Amendment No. 4
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