(Signature Page to Side Letter Agreement of Base Warrant Transaction)
Exhibit 10.2(h)
Bank of America, N.A.
c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated
One Bryant Park
New York, NY 10036
Attn: John Servidio
Telephone: 646 ###-###-####
Facsimile: 704 ###-###-####
Transaction reference number:
NY-39228
October 22, 2009
To: Navistar International Corporation
4201 Winfield Road
Warrenville, Illinois 60555
Attention: Treasurer
| Telephone No.: | 630 ###-###-#### | |
| Facsimile No.: | 630 ###-###-#### |
Re: Base Warrants
Navistar International Corporation (“Company”) and Bank of America, N.A. (“Dealer”) concurrently herewith are entering into a Base Warrants (the “Transaction”) to sell to Dealer a number of options exercisable into Shares pursuant to a letter agreement dated as of the date hereof (the “Confirmation”).
This letter agreement (the “Letter Agreement”) hereby confirms the agreement between Dealer and Company as follows:
1. Terms Used but Not Defined Herein. Capitalized terms used herein without definition shall have the meanings assigned to them in the Confirmation.
2. Section 6(e) Calculation for Certain Additional Termination Events. For the purposes of determining the amount payable under Section 6(e) of the Agreement in connection with any Additional Termination Event under Section 9(e) of the Confirmation only, the parties agree that any inputs used to determine such amount shall be calculated by Dealer using mid-market data, as necessary for Dealer’s own then current valuation for the Transaction.
3. Counterparts. This Letter Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if all of the signatures thereto and hereto were upon the same instrument.
4. Governing Law. The provisions of this Letter Agreement shall be governed by the New York law (without reference to choice of law doctrine).
Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Letter Agreement and returning it to, Bank of America, N.A., c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, NY 10036, or by fax to 704 ###-###-####.
Very truly yours,
| Bank of America, N.A. | ||
| By: | /s/ Christopher A. Hutmaker | |
| Authorized Signatory | ||
| Name: | Christopher A. Hutmaker | |
| Managing Director | ||
| Accepted and confirmed as of the Trade Date: | ||
| Navistar International Corporation | ||
| By: |
| |
| Authorized Signatory | ||
| Name: | ||
(Signature Page to Side Letter Agreement of Base Warrant Transaction)
Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Letter Agreement and returning it to, Bank of America, N.A., c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, NY 10036, or by fax to 704 ###-###-####.
Very truly yours,
| Bank of America, N.A. | ||
| By: |
| |
| Authorized Signatory | ||
| Name: | ||
| Accepted and confirmed as of the Trade Date: | ||
| Navistar International Corporation | ||
| By: | /s/ Jim Moran | |
| Authorized Signatory | ||
| Name: | Jim Moran | |
| VP & Treasurer | ||
(Signature Page to Side Letter Agreement of Base Warrant Transaction)
