AMENDMENT NO. 1 TO THE TRANSACTION AGREEMENT AND PLAN OF MERGER
Exhibit 2.1
AMENDMENT NO. 1 TO THE
AMENDMENT NO. 1 (this “Amendment”) dated as of November 21, 2008 to the TRANSACTION
AGREEMENT AND PLAN OF MERGER dated as of May 7, 2008 (the “Transaction Agreement”), by and
among Clearwire Corporation, a Delaware corporation (“Clearwire”), Sprint Nextel
Corporation, a Kansas corporation (“Sprint”), Comcast Corporation, a Pennsylvania
corporation (“Comcast”), Time Warner Cable Inc., a Delaware corporation (“TWC”),
Bright House Networks, LLC, a Delaware limited liability company (“BHN”), Google Inc., a
Delaware corporation (“Google”), and Intel Corporation, a Delaware corporation
(“Intel”), and together with Comcast, TWC, BHN, Google, Sprint and Clearwire, the
“Parties”). Capitalized terms that are used but not otherwise defined herein have the
meanings ascribed to such terms in the Transaction Agreement and all Section references in this
Amendment are to Sections of the Transaction Agreement unless otherwise specified.
ACCORDINGLY, for good and valuable consideration (the receipt and sufficiency of which is
hereby acknowledged), the Parties agree as follows:
Section 1. Amendment to Exhibit I. Exhibit I to the Transaction Agreement is
hereby amended and restated in its entirety to read as set forth in Exhibit I attached
hereto.
Section 2. Amendments to Section 2.5. The Parties desire to clarify Section 2.5 of
the Transaction Agreement to eliminate any potential ambiguities. Accordingly, Section 2.5 of the
Transaction Agreement is hereby amended as follows:
(i) Subsection (a) is hereby amended and restated in its entirety to read as follows:
“(a) Each share of Clearwire Class A Common Stock will be
canceled and retired and cease to exist and will be converted into
the right to receive one share of Class A Common Stock (the
“Merger Consideration”); except that to the extent that any
shares of Class A Common Stock are issued in exchange for unvested
shares of restricted Clearwire Class A Common Stock that were
granted to Clearwire employees under Clearwire Stock Option Plans or
otherwise, those shares of Class A Common Stock will continue to
have substantially the same terms and conditions as applied to the
corresponding restricted shares immediately before the Effective
Time;”
(ii) The following shall be inserted as new subsection (b) and the remaining paragraphs in
Section 2.5 shall be renumbered accordingly:
“(b) Each Clearwire restricted stock unit will be canceled and
retired and cease to exist and will be converted into the right to
receive one NewCo restricted stock unit and those NewCo restricted
stock units will continue to have substantially the same terms and
conditions as applied to the corresponding Clearwire restricted
stock units immediately before the Effective Time;”
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Section 3. References. Each reference in the Transaction Agreement to “hereof,”
“hereunder,” “herein” and “hereby” and each other similar reference and each reference to “this
Agreement” and each other similar reference contained in the Transaction Agreement shall from and
after the effective date of this Amendment refer to the Transaction Agreement as amended hereby,
except in any instance in the Transaction Agreement where any such reference relates to the
original date of the execution of the Transaction Agreement in which instance each such reference
shall relate to the Transaction Agreement before giving effect to this Amendment.
Section 4. Miscellaneous. Section 14.4 of the Transaction Agreement is hereby
incorporated by reference into this Amendment and shall apply to this Amendment equally as if set
forth fully herein. Except as expressly amended hereby, the Transaction Agreement shall remain in
full force and effect.
[Rest of page intentionally left blank]
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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written
above.
CLEARWIRE CORPORATION |
||||
By | /s/ Xxxx Xxxxxxx | |||
Xxxx Xxxxxxx | ||||
Vice President, Finance and Treasurer | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
SPRINT NEXTEL CORPORATION |
||||
By | /s/ Xxxxx X. Xxxxx | |||
Xxxxx X. Xxxxx | ||||
President of Strategic Planning and Corporate Initiatives | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
COMCAST CORPORATION |
||||
By | /s/ Xxxxxx X. Pick | |||
Xxxxxx X. Pick | ||||
Senior Vice President | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
TIME WARNER CABLE INC. |
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By | /s/ Satish Adige | |||
Satish Adige | ||||
Senior Vice President, Investments | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
BRIGHT HOUSE NETWORKS, LLC |
||||
By | /s/ Xxx Xxxxxxxx | |||
Xxx Xxxxxxxx | ||||
Senior Vice President, Strategy & Development | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
GOOGLE INC. |
||||
By | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx | ||||
Vice President and General Counsel | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
INTEL CORPORATION |
||||
By | /s/ Xxxxxx Xxxxxxx | |||
Xxxxxx Xxxxxxx | ||||
Executive Vice President President, Intel Capital |
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CLEARWIRE CORPORATION |
||||
By | /s/ Xxxx Xxxxxxx | |||
Xxxx Xxxxxxx | ||||
Vice President, Finance and Treasurer | ||||
[Signature page to Amendment No. 1 to the Transaction Agreement and Plan of Merger by and
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]
among Clearwire Corporation, Sprint Nextel Corporation, Comcast Corporation, Time Warner
Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation]