AMENDMENT NO. 1 TO AMENDED AND RESTATED SCRIPPS FAMILY AGREEMENT
Exhibit 2
AMENDMENT NO. 1 TO
AMENDED AND RESTATED SCRIPPS FAMILY AGREEMENT
This Amendment No. 1 (this “Amendment”) to the Amended and Restated Scripps Family Agreement (the “Agreement”), dated May 19, 2015, by and among The X.X. Xxxxxxx Company, an Ohio corporation (“X.X. Xxxxxxx”), Scripps Networks Interactive, Inc., an Ohio corporation (“Scripps Networks Interactive”) and the individuals and other entities named on the signature pages thereto (each, a “Family Shareholder” and collectively, the “Family Shareholders”) is entered into as of the 29th day of March, 2017 by X.X. Xxxxxxx, Scripps Networks Interactive and the Family Shareholders.
WHEREAS, the parties hereto desire to amend Section 6 of the Agreement to allow Family Shareholders to convert Common Voting Shares into Class A Stock under the circumstances set forth therein;
NOW, THEREFORE, in consideration of the mutual agreements herein set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Family Shareholders, X.X. Xxxxxxx and Scripps Networks Interactive hereby irrevocably agree to restate Section 6 of the Agreement in its entirety as follows.
Section 6. Right of Offeror to Sell or Donate Unsold Shares Upon Conversion Into Shares of Class A Stock. If, after satisfaction by the Offeror of the requirements of Section 4, any Offered Shares remain unsold, the Offeror may elect to (i) retain such unsold Offered Shares, (ii) convert such unsold Offered Shares into Class A Stock (which Class A Stock will not be subject to this Agreement), or (iii) sell, transfer, distribute, or assign such Offered Shares on whatever terms and at whatever price, or
donate, appoint or otherwise dispose of such Offered Shares in whatever manner the Offeror wishes, without any further compliance by the Offeror or any transferee with the provisions of this Agreement (which provisions will continue to apply, however, to any other Shares owned of record or beneficially by the Offeror); provided that (A) if the Offeror had included in the First Notice such Offeror’s intention to sell, transfer, distribute, assign, donate, appoint or otherwise dispose of the Offered Shares to a specific person, then such Offered Shares shall be sold, transferred, distributed, assigned, donated, appointed or otherwise disposed of to such person on the terms and in the manner indicated in the First Notice; AND (B) THE OFFEROR, PRIOR TO ANY SALE, TRANSFER, DISTRIBUTION, ASSIGNMENT, DONATION, APPOINTMENT OR OTHER DISPOSITION OF THE OFFERED SHARES SHALL FIRST CONVERT SUCH OFFERED SHARES INTO CLASS A STOCK AND SELL, TRANSFER, DISTRIBUTE, ASSIGN, DONATE, APPOINT OR OTHERWISE DISPOSE OF ONLY THE CLASS A STOCK.
[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, each party hereto has executed this Agreement on the date indicated below opposite such party’s signature.
THE X.X. XXXXXXX COMPANY | ||
By: | /s/ Xxxxxxx Xxxxxxxx | |
Name: | Xxxxxxx Xxxxxxxx | |
Title: | Senior V.P. and General Counsel | |
SCRIPPS NETWORKS INTERACTIVE, INC. | ||
By: | /s/ Xxx X. Xxxx | |
Name: | Xxx X. Xxxx | |
Title: | Chairman, President and CEO | |
FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxx Scripps | ||
Name: | Xxxxxxxx Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxx X. Xxxxxxxx | ||
Name: | Xxxxxxxx X. Xxxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxxx Scripps | ||
Name: | Xxxxxxxxx Scripps |
Address: |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps | ||
Name: | Xxxxxxx X. Scripps |
Address: |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxx Scripps Klenzing | ||
Name: | Xxxxxxxx X. Scripps Klenzing |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx Xxxxx Xxxxxxx | ||
Name: | Xxxxx Xxxxx Xxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxx X. Xxxxxxx | ||
Name: | Xxxxxxxx X. Xxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx X. Xxxxxxxxxx | ||
Name: | Xxxxxx X. Xxxxxxxxxx |
Address: |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps | ||
Name: | Xxxxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx X. Scripps, Jr. | ||
Name: | Xxxxxx X. Scripps, Jr. |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps | ||
Name: | Xxxxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Eva Scripps Attal | ||
Name: | Eva Scripps Attal |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx Xxxxxx Xxxxx | ||
Name: | Xxxxxx Xxxxxx Xxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx Xxxxxx | ||
Name: Xxxx Xxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Megan Scripps Xxxxxxxxxxx | ||
Name: | Megan Scripps Xxxxxxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps, Jr. | ||
Name: | Xxxxxxx X. Scripps, Jr. |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx Xxxx XxXxxx | ||
Name: | Xxxxxxx Xxxx XxXxxx |
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FAMILY SHAREHOLDER | ||
/s/ R. Xxxxxxx Xxxxxxxxxx | ||
Name: R. Xxxxxxx Xxxxxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx Scripps Xxxxx | ||
Name: Xxxxx Scripps Xxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxx X. Scripps | ||
Name: Xxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx Xxxxx | ||
Name: Xxxx Xxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx Xxxxxxx | ||
Name: | Xxxxxx Xxxxxxx |
Address: |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx Xxxxxxx Scripps | ||
Name: |
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FAMILY SHAREHOLDER | ||
/s/ X. Xxxxxxxxx Scripps | ||
Name: | X. Xxxxxxxxx Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx X. Scripps | ||
Name: | Xxxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxx X. Xxxxxxx, Xx. | ||
Name: Xxxxxxxx X. Xxxxxxx, Xx. |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps | ||
Name: Xxxxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx Scripps | ||
Name: Xxxxxx Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Keon Xxxxx Xxxxxxx | ||
Name: Keon Xxxxx Xxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxxxx X. Xxxxx | ||
Name: Xxxxxxxxx X. Xxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx M. Scripps | ||
Name: Xxxxx M. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx Xxx X. Xxxxxxx | ||
Name: Xxxx Xxx X. Xxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx X. Scripps | ||
Name: Xxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx Xxx Scripps Xxxxxxxx | ||
Name: | Xxxxx Xxx Scripps Xxxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx X. Scripps | ||
Name: | Xxxxx X. Scripps, individually, and as trustee of the Xxxxx X. Scripps Trust under Agreement dated 11/13/2002 |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx Xx Xxx | ||
Name: | Xxxx Xx Xxx, individually and as trustee of the Xxxx X. Xx Xxx Trust under Agreement dated 10/27/2011 |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx X. Scripps | ||
Name: | Xxxx X. Scripps, individually, as co-trustee of the Xxxx X. Scripps Trust under Agreement dated 2/10/77 FBO Xxxxx X. Scripps, Xxxx X. Scripps Trust FBO Xxxx X. Scripps under Agreement dated 2/10/77, Xxxx X. Scripps Trust Exempt Trust under Agreement dated 2/10/77 and Xxxx X. Scripps Trust under Agreement dated 2/10/77 FBO Xxxxxxx Scripps Xxxxx, and as trustee of the Xxxx X. Scripps Trust FBO Xxxxx XxXxx Scripps under Agreement dated 12/28/84 and Xxxx X. Scripps Family Revocable Trust |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx X. Xx Xxx | ||
Name: | Xxxxx X. Xx Xxx, individually, as co-trustee of the Xxxx X. Scripps Trust under Agreement dated 2/10/77 FBO Xxxxx X. Scripps, Xxxx X. Scripps Trust FBO Xxxx X. Scripps under Agreement dated 2/10/77, Xxxx X. Scripps Trust Exempt Trust under Agreement dated 2/10/77 and Xxxx X. Scripps Trust under Agreement dated 2/10/77 FBO Xxxxxxx Scripps Xxxxx, and as trustee of The Marital Trust of the La Dow Family Trust and The La Dow Family Trust under Agreement dated 6/29/2004 |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx Xxxxxxxx Scripps Xxxxx | ||
Name: | Xxxxxxx Xxxxxxxx Scripps Xxxxx, individually, as co-trustee of the Xxxx X. Scripps Trust under Agreement dated 2/10/77 FBO Xxxxx X. Scripps, Xxxx X. Scripps Trust FBO Xxxx X. Scripps under Agreement dated 2/10/77, Xxxx X. Scripps Trust Exempt Trust under Agreement dated 2/10/77 FBO Xxxxxxx Scripps Xxxxx under Agreement dated 12/28/84, and as trustee of the Xxxx X. Scripps Trust FBO Xxxxxxx X. Xxxxx under Agreement dated 12/28/84, Xxxxxxx X. Xxxxx 1983 Trust, Xxxxxxxx X. Xxxxx Trust under Agreement dated 5/19/2004 and Xxxxxx X. Xxxxx Irrevocable Trust under Agreement dated 11/13/2012 |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Scripps | ||
Name: | Xxxxxxx X. Scripps |
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FAMILY SHAREHOLDER | ||
Estate of Xxxxxx X. Scripps Jr. | ||
/s/ Xxxxxxx X. Xxxxxxxx | ||
Name: | Xxxxxxx X. Xxxxxxxx, co-administrator | |
/s/ Xxxxxxxx X. Xxxxxxx | ||
Name: | Xxxxxxxx X. Xxxxxxx, co-administrator | |
FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx X. Xxxxxxxx | ||
Name: | Xxxxxxx X. Xxxxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxxx Xxxxxxx Xxxxxx | ||
Name: | Xxxxxxx Xxxxxxx Xxxxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx X. XxXxxx | ||
Name: | Xxxxx X. XxXxxx |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxx X. Scripps Kaheny | ||
Name: | Xxxxx X. Scripps Kaheny, individually and as trustee of the Xxxxx X. Scripps Kaheny Revocable Trust dtd April 17, 2014 |
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FAMILY SHAREHOLDER | ||
/s/ Xxxxxx X. Xxxxxxx | ||
Name: | Xxxxxx X. Xxxxxxx |
Address: |
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FAMILY SHAREHOLDER | ||
/s/ Xxxx X. Scripps | ||
Name: | Xxxx X. Scripps |
Address: |
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