Section 302 Certification of James P. Dolan
EX-10.2 3 c88689exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
EXHIBIT 10.2
AMENDMENT NO. 5
to the
AMENDED AND RESTATED OPERATING AGREEMENT
of
AMERICAN PROCESSING COMPANY, LLC
to the
AMENDED AND RESTATED OPERATING AGREEMENT
of
AMERICAN PROCESSING COMPANY, LLC
THIS AMENDMENT NO. 5 (this Amendment) to that certain Amended and Restated Operating Agreement, dated as of March 14, 2006, as amended by that certain Amendment No. 1 to the Amended and Restated Operating Agreement, dated as of January 9, 2007, that certain Amendment No. 2 to the Amended and Restated Operating Agreement, dated as of November 30, 2007, that certain Amendment No. 3 to the Amended and Restated Operating Agreement, dated as of February 28, 2008, and that certain Amendment No. 4 to the Amended and Restated Operating Agreement (the Operating Agreement), of American Processing Company, LLC, a Michigan limited liability company (the Company), is made and entered into to be effective for all purposes as of July 1, 2009, by and among the Company, the Manager and the Members listed on the signature pages hereto. Capitalized terms used but not otherwise defined herein shall have meanings specified in the Operating Agreement.
RECITALS
A. Upon Michael C. Barretts death on January 11, 2009, his surviving spouse, Jacqueline M. Barrett, became the sole owner of all 34,609 Common Units held by Michael C. Barrett and Jacqueline M. Barrett in joint tenancy with right of survivorship.
B. On July 1, 2009, Barrett Daffin Frappier Turner & Engel, LLP transferred all of its 1,801 Common Units as follows:
Assignee | No. of Common Units | |||
Jill A. Helmers | 600 | |||
Rebecca L. Howell | 601 | |||
Christine T. Pummill | 600 |
Upon the consummation of such transfer (the Barrett Transfer), each of the assignees identified above became a Substituted Member of the Company.
C. Pursuant to Section 10.4 of the Operating Agreement, the Manager and a Supermajority-in-Interest of the Members have agreed to amend the terms of the Operating Agreement as provided in this Amendment.
AGREEMENT
1. | AMENDMENTS |
1.1 The definition of NDeX Sellers in Article I of the Operating Agreement is hereby amended and restated in its entirety as follows:
NDEx Sellers means Jacqueline M. Barrett, Robert F. Frappier, James C. Frappier, Mary A. Daffin, Barry Tiedt, Abbe L. Patton, Jill A. Helmers, Rebecca L. Howell and Christine T. Pummill.
1.2 Exhibit A of the Operating Agreement is hereby replaced with Exhibit A attached hereto.
2. | REFERENCE TO AND EFFECT ON THE OPERATING AGREEMENT |
2.1 Each reference in the Operating Agreement to this Agreement, hereunder, hereof, "herein, or words of like import shall mean and be a reference to the Operating Agreement as amended hereby.
2.2 Except as specifically amended above, the Operating Agreement shall remain in full force and effect and is hereby ratified and confirmed.
3. | MISCELLANEOUS |
3.1 This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. In accordance with the Operating Agreement, this Amendment shall be effective upon execution by the Company, the Manager and a Supermajority-in-Interest of the Members. This Amendment, to the extent signed and delivered by means of a facsimile machine or other electronic transmission (including transmission in portable document format by electronic mail), shall be treated in all manner and respects and for all purposes as an original agreement and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute original forms hereof and deliver them to all other parties, except that the failure of any party to comply with such a request shall not render this Amendment invalid or unenforceable. No party hereto shall raise the use of a facsimile machine or other electronic transmission to deliver a signature, or the fact that any signature was transmitted or communicated through the use of a facsimile machine or other electronic transmission, as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.
3.2 Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
3.3 Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.
3.4 The language used in this Amendment will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party.
3.5 If and to the extent there are any inconsistencies between the Operating Agreement and this Amendment, the terms of this Amendment shall control.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.
COMPANY: AMERICAN PROCESSING COMPANY, LLC By: DOLAN APC LLC Its: Manager | ||||
By: | /s/ Scott J. Pollei | |||
Name: | Scott J. Pollei | |||
Its: Vice President | ||||
MANAGER: DOLAN APC LLC | ||||
By: | /s/ Scott J. Pollei | |||
Name: | Scott J. Pollei | |||
Its: Vice President | ||||
MEMBERS: DOLAN APC LLC | ||||
By: | /s/ Scott J. Pollei | |||
Name: | Scott J. Pollei | |||
Its: Vice President | ||||
APC INVESTMENTS, LLC | ||||
By: | /s/ David A. Trott | |||
Name: | David A. Trott | |||
Its: Manager | ||||
EXHIBIT A
List of Members, Capital Contributions, Capital Accounts
Common Units and Participating Percentages
Common Units and Participating Percentages
As of July 1, 2009
Name, Address, Phone | ||||||||
and Fax of Member | Common Units | Participating Percentage | ||||||
Dolan APC, LLC c/o Dolan Media Company 1200 Baker Building 706 Second Avenue South Minneapolis, Minnesota 55402 Phone: (612)  ###-###-#### Fax: (612)  ###-###-#### Attention: James P. Dolan | 1,173,952 | 84.67 | % | |||||
APC Investments, LLC 31440 Northwestern Highway Suite 200 Farmington Hills, MI 48334 Phone: (248)  ###-###-#### Fax: (248)  ###-###-#### Attention: David A. Trott | 104,905 | 7.57 | % | |||||
Feiwell & Hannoy Professional Corporation 251 North Illinois Street, Suite 1700 Indianapolis, Indiana 46204 Phone: (317)  ###-###-#### Fax: (317)  ###-###-#### Attention: Douglas Hannoy and Michael Feiwell | 23,560 | 1.70 | % | |||||
Jacqueline M. Barrett 5941 Club Oaks Drive Dallas, Texas 75248 Phone: (972)  ###-###-#### Fax: (972)  ###-###-#### | 34,609 | 2.50 | % | |||||
Robert F. Frappier 1735 North Blvd. Houston, Texas 77098 Phone: (713)  ###-###-#### Fax: (713)  ###-###-#### | 14,899 | 1.07 | % | |||||
James C. Frappier and Judith A. Frappier, JTWROS 4308 Mossey Oak Court Flower Mound, Texas 75022 Phone: (214)  ###-###-#### Fax: (972)  ###-###-#### | 5,714 | 0.41 | % |
Name, Address, Phone | ||||||||
and Fax of Member | Common Units | Participating Percentage | ||||||
Mary A. Daffin and Maynard Samuel Daffin, Sr., Tenants in Common 11750 Gallant Ridge Lane Houston, Texas 77082 Phone: (281)  ###-###-#### Fax: (281)  ###-###-#### | 14,899 | 1.07 | % | |||||
Barry Tiedt and Terri Tiedt, JTWROS 921 Genoa Court Argyle, Texas 76226 Phone: (972)  ###-###-#### Fax: (972)  ###-###-#### | 5,714 | 0.41 | % | |||||
Abbe L. Patton and Lisle D. Patton, JTWROS 6016 Pinnacle Cr. Little Elm, Texas 75068 Phone: (972)  ###-###-#### Fax: (972)  ###-###-#### | 5,714 | 0.41 | % | |||||
Rebecca L. Howell 1916 Lincolnshire Bedford, TX 76021 Phone: (972)  ###-###-#### Fax: (972)  ###-###-#### | 601 | 0.04 | % | |||||
Jill A. Helmers 5208 Saddle Drive Flower Mound, TX 75028 Phone: (972)  ###-###-#### Fax: (972 ###-###-#### | 600 | 0.04 | % | |||||
Christine T. Pummill 249 Enclaves Court Coppell, TX 75019 Phone: (972) 341-523104 Fax: (972 ###-###-#### | 600 | 0.04 | % | |||||
Brian S. Engel P.O. Box 76 Driftwood, TX 78619 Phone: (512)  ###-###-#### Fax: (512)  ###-###-#### | 393 | 0.03 | % | |||||
Steve P. Turner and Marsha L. Turner, Tenants in Common 10002 Brandywine Circle Austin, TX 78750 Phone: (512)  ###-###-#### Fax: (512)  ###-###-#### | 394 | 0.03 | % | |||||
TOTAL: | 1,386,554 | 100.000 | % |