Mutual Termination Agreement of Letter Regarding EasyLink Common Stock Holdings between EasyLink Services International Corporation and Burnham Asset Management Corp.

Summary

EasyLink Services International Corporation and Burnham Asset Management Corp. have mutually agreed to terminate a previous letter agreement dated November 4, 2010, which outlined understandings related to Burnham’s ownership of EasyLink’s common stock. This termination is effective upon both parties signing this letter. No further obligations under the prior agreement remain for either party.

EX-10.2 3 v300649_ex10-2.htm EXHIBIT 10.2

EXHIBIT 10.2

 

[EASYLINK LETTERHEAD]

 

 

January 26, 2012

 

Mr. Thomas N. Calabria

Chief Compliance Officer

Burnham Asset Management Corp.

1325 Avenue of the Americas

26th Floor

New York, New York 10019

 

RE: EasyLink Services International Corporation Common Stock Holdings

 

Dear Mr. Calabria:

 

This letter agreement (this “Agreement”) confirms that the letter agreement dated November 4, 2010 among EasyLink Services International Corporation (“EasyLink”), on the one hand, and Burnham Asset Management Corp., Burnham Securities Inc. and their affiliates (collectively, “Burnham”), on the other hand, setting forth certain understandings and agreements related to Burnham’s “Beneficial Ownership” of “Corporation Securities” (as such terms, and the other capitalized terms not defined herein, are defined in that certain Stockholder Rights Agreement, by and between the Company and American Stock Transfer and Trust Company, LLC, as rights agent, dated as of August 25, 2009) is hereby terminated by mutual agreement of the parties.

If you are in agreement with the above, please so indicate by countersigning and returning an executed original of this letter to me at ###-###-####. If you have any questions, please contact me at ###-###-####.

 

  Sincerely,
   
  /s/ Glen E. Shipley     
 

Glen E. Shipley

Chief Financial Officer

EasyLink Services International Corporation

  

Acknowledged, accepted and agreed to this 26th day of January, 2011.

 

Burnham Asset Management Corp.

 

By:  /s/ Thomas N. Calabria
 

Thomas N. Calabria

Chief Compliance Officer