Amendment No. 1 to Warrant Agreement between 3Com Corporation and Broadcom Corporation
This amendment is between 3Com Corporation and Broadcom Corporation. It extends the expiration date of a warrant previously issued by 3Com to Broadcom, allowing Broadcom to purchase up to 7,100,000 shares of 3Com's common stock at $9.31 per share. The new expiration date for exercising the warrant is December 4, 2003, instead of December 4, 2002. All other terms of the original warrant remain unchanged. The agreement is governed by Delaware law.
Exhibit 10.25
AMENDMENT NO. 1 TO
WARRANT
THIS AMENDMENT NO. 1 TO WARRANT (this Agreement), by and between 3Com Corporation, a Delaware Corporation (the Company), and Broadcom Corporation, a California corporation (Holder) is made and entered into as of this 1st day of November, 2002, with respect to the following facts:
RECITALS
A. Whereas, the Company issued to Holder a warrant to acquire up to 7,100,000 shares of the Companys common stock at an exercise price of $9.31 per share (the Warrant), which Warrant has an expiration time of 5:00 p.m. Pacific Standard Time on December 4, 2002; and
B. Whereas, in connection with that certain Settlement Agreement made and entered into effective November 1, 2002 by and between Company and Holder, the Company and the Holder have agreed to extend the term of the Warrant to 5:00 p.m. Pacific Standard Time on December 4, 2003.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Section 1(a) of the Warrant shall hereby be amended in its entirety to read as follows:
Subject to the terms and conditions set forth herein and compliance with any applicable regulatory requirements, this Warrant shall be exercisable, in whole or in part, commencing on January 1, 2001 and ending at 5:00 p.m., Pacific Standard Time, on December 4, 2003 (the Expiration Date), and, except as otherwise provided herein, shall be void thereafter.
2. All other references to the Expiration Date and December 4, 2002 in the Warrant shall hereafter be deemed to refer to December 4, 2003.
3. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware without reference to its principles of conflicts of law.
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IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the date first above written.
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