From: JPMorgan Chase Bank, National Association London Branch P.O. Box 161 60 Victoria Embankment London EC4Y 0JP Re: Amendment to Warrant Transaction
Exhibit 10.6
To:
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VeriFone Holdings, Inc. 0000 Xxxxxxx Xxxxx, Xxxxx 000 Xxx Xxxx, XX 00000 Attention: Xxxxx Xxxxxxxxxxx, Executive Vice President and Chief Financial Officer |
June 21, 2007
From:
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JPMorgan Chase Bank, National Association London Branch P.O. Box 161 60 Victoria Embankment Xxxxxx XX0X 0XX |
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Re:
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Amendment to Warrant Transaction |
This amendment (this “Amendment”) is made as of this 21st day of June, 2007, between JPMorgan
Chase Bank, National Association, London Branch (“Party A”), represented by X.X. Xxxxxx Securities
Inc. as its agent, and VeriFone Holdings, Inc. (“Party B”).
WHEREAS, Party A and Party B are parties to a Confirmation dated as of June 18, 2007 (the
“Confirmation”) relating to Warrants on shares of common stock (par value USD 0.01 per share) of
Party B issued by Party B to Party A, the first scheduled Expiration Date for which is December 19,
2013;
WHEREAS, the parties wish to amend the Confirmation on the terms and conditions set forth in
this Amendment;
NOW, THEREFORE, in consideration of their mutual covenants herein contained, the parties
hereto agree as follows:
Section 1. Terms Used but Not Defined Herein. Terms used but not defined herein shall have
the respective meanings given to them in the Confirmation.
Section 2. Amendment to the Confirmation.
(a) | The Premium under the Confirmation shall be USD 15,594,000. | ||
(b) | The Number of Warrants and Expiration Dates specified in the Schedule shall be replaced in their entirety with the Number of Warrants and Expiration Dates set forth in an amended schedule delivered by Party A to Party B contemporaneously with the execution of this Amendment. |
Section 3. Representations, Warranties and Agreements. Party A and Party B each hereby
repeats its respective representations, warranties and agreements contained in the Confirmation,
with respect to the Amendment or with respect to the Confirmation, as amended by the Amendment, as
the context requires.
Section 4. Opinion. Party B shall deliver a written opinion of counsel, reasonably
acceptable to Party A in form and substance, on or before the Effective Date, with respect to the
matters set forth under the caption “Opinion” in the Confirmation.
Section 5. Effectiveness. This Amendment shall become effective upon execution by the
parties hereto.
Section 6. Counterparts. This Amendment may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if all of the signatures thereto and hereto
were upon the same instrument.
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Section 7. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of New York.
Section 8. Effectiveness of Confirmation. Except as amended hereby, all the terms of the
Confirmation shall remain and continue in full force and effect and are hereby confirmed in all
respects.
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Party B hereby agrees (a) to check this Amendment carefully and immediately upon receipt so
that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the
foregoing (in the exact form provided by Party A) correctly sets forth the terms of the agreement
between Party A and Party B with respect to the Transaction, by manually signing this Amendment or
this page hereof as evidence of agreement to such terms and providing the other information
requested herein and immediately returning an executed copy to EDG Confirmation Group, X.X. Xxxxxx
Securities Inc., 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000-0000, or by fax to (000) 000 0000.
Yours faithfully, X.X. Xxxxxx Securities Inc., as agent for JPMorgan Chase Bank, National Association |
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By: | /s/ Xxxx Xxxxxxxxx | |||
Authorized Signatory | ||||
Name: Xxxx Xxxxxxxxx | ||||
Agreed and Accepted By: | ||||
VeriFone Holdings, Inc. |
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By: | /s/ Xxxxx Xxxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxxx | |||
Title: | Executive Vice President and Chief Financial Officer | |||