Amendment to Sponsor Warrants Purchase Agreement between ROI Acquisition Corp. and ROIC Acquisition Holdings LP

Summary

This amendment, dated February 13, 2012, modifies the Sponsor Warrants Purchase Agreement between ROI Acquisition Corp. and ROIC Acquisition Holdings LP. It changes the terms so that if the company does not complete a business combination within 21 months of its IPO closing, the sponsor's warrants will be forfeited to the company upon liquidation of the trust account. The amendment is signed by representatives of both parties.

EX-10.12 4 v245501_ex10-12.htm EXHIBIT 10.12

Amendment to Sponsor Warrants Purchase Agreement

This AMENDMENT TO SPONSOR WARRANTS PURCHASE AGREEMENT is made as of February 13, 2012 (the “Amendment”), between ROI Acquisition Corp., a Delaware corporation (the “Company”) and ROIC Acquisition Holdings LP, a Delaware limited partnership (the “Sponsor”).

WHEREAS, on October 13, 2011, the Company and the Sponsor entered into the Sponsor Warrants Purchase Agreement (the “Agreement”), pursuant to which the Sponsor agreed to purchase from the Company, and the Company agreed to sell to the Sponsor, on or prior to the effective date of the registration statement relating to the Company’s initial public offering, 4,166,667 warrants (the “Warrants”) of the Company for a purchase price of $0.75 per Warrant.

NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Sponsor hereby agree as follows:

Paragraph 8.1 of the Agreement is amended to read in its entirety as follows:

“8.1. Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event an initial Business Combination is not consummated within 21 months from the date of the Closing of the IPO.”

 

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IN WITNESS WHEREOF, the undersigned has signed this Amendment as of the date first written above.

  ROI ACQUISITION CORP.
   
  /s/ Joseph A. De Perio  
  Name: Joseph A. De Perio  
  Title: President  
     
   
  ROIC ACQUISITION HOLDINGS LP
   
  /s/ George Hall  
  Name: George Hall  
  Title: Chief Investment Officer  

 

Signature Page for Amendment to Sponsor Warrants Purchase Agreement