AMENDMENT TO SECURITIES ESCROW AGREEMENT
Exhibit 10.2
AMENDMENT TO SECURITIES ESCROW AGREEMENT
THIS AMENDMENT TO SECURITIES ESCROW AGREEMENT, dated as of May 8, 2012 (this “Amendment”), is entered into by and among Global Eagle Acquisition Corp., a Delaware corporation (the “Company”), American Stock Transfer & Trust Company, LLC (“AST”) and each of the parties set forth on the signature page hereto under “Initial Holders”. This Amendment amends the Securities Escrow Agreement (the “Agreement”), dated as of May 12, 2011 among the Company, AST, Global Eagle Acquisition LLC, and the other parties thereto and all capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Agreement.
NOW THEREFORE, in consideration of the mutual promises contained in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment hereby, intending legally to be bound, agree as follows:
AGREEMENT
Section 1. Amendments. The Agreement is hereby amended as follows:
(i) all references to the term “Initial Holders” in the Agreement shall be deemed to refer to the parties set forth on the signature page hereof under “Initial Holders” and any actions or obligations contained in the Agreement of the Initial Holders required to have been taken or satisfied, as applicable, prior to the execution of this Amendment shall, solely with respect to Cole A. Sirucek, be deemed to have been taken or satisfied, as applicable, as of the date hereof;
(ii) Section 4.4 of the Agreement is deleted in its entirety and replaced with the following:
“4.4. Insider Letters. Each Initial Holder has executed a letter agreement with the Company, dated either as of the Effective date or as of the date such Initial Holder first acquired securities of the Company (each an “Insider Letter”), which contains certain rights and obligations of such Initial Holder with respect to the Company, including, but not limited to, certain voting obligations in respect of the Escrow Shares.”; and
(iii) Exhibit A to the Agreement is deleted in its entirety and replaced with Exhibit A attached hereto.
Section 2. No Further Amendments or Modifications. The terms and conditions of the Agreement shall remain in full force and effect and are amended only to the extent specifically provided in this Amendment.
Section 3. Counterparts. This Amendment may be executed in several counterparts each one of which shall constitute an original and may be delivered by facsimile transmission and together shall constitute one instrument.
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment.
COMPANY: | ||
GLOBAL EAGLE ACQUISITION CORP. | ||
By: | /s/ James A. Graf | |
Name: James A. Graf | ||
Title: Vice President | ||
AMERICAN STOCK TRANSFER & TRUST | ||
COMPANY, LLC | ||
By: | /s/ Felix Orihuela | |
Name: Felix Orihuela | ||
Title: Vice President | ||
INITIAL HOLDERS: | ||
GLOBAL EAGLE ACQUISITION LLC | ||
By: | /s/ James A. Graf | |
Name: James A. Graf | ||
Title: Vice President | ||
/s/ James McNamara | ||
James McNamara | ||
/s/ Dennis Miller | ||
Dennis Miller | ||
/s/ Cole A. Sirucek | ||
Cole A. Sirucek |
[AMENDMENT TO SECURITIES ESCROW AGREEMENT]
EXHIBIT A
LIST OF INITIAL HOLDERS
Name | Founder Shares | Founder Earnout Shares | Warrants | |||
Global Eagle Acquisition LLC 10900 Wilshire Blvd., Suite 1500 Los Angeles, CA 90024 Fax No.: (310) 209-7225 | 3,959,913 shares | 164,996 shares | 6,666,667 warrants | |||
James McNamara 1095 Mariner Drive Key Biscayne, FL 33149 | 21,205 shares | 884 shares | ||||
Dennis Miller 1338 Bella Oceana Vista Pacific Palisades, CA 90272 | 21,205 shares | 884 shares | 333,333 warrants | |||
Cole A. Sirucek 10D, Hillsborough Court Royal Tower, 18 Old Peak Road, | 9,600 shares | 400 shares |