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
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. Barrett’s 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
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 %