Amendment to Equity Standstill Agreement between POI Acquisition I, Inc. and Protection One, Inc. (May 17, 2004)
POI Acquisition I, Inc. and Protection One, Inc. have agreed to amend their existing Equity Standstill Agreement. The amendment changes the definition of the "Specified Date" for the agreement’s termination to the earlier of 97 days after the Effective Time or the occurrence of an Equity Standstill Termination Event. All other terms of the original agreement remain unchanged. Both parties have signed this amendment to confirm their agreement.
Exhibit 10.2
POI ACQUISITION I, INC.
May 17, 2004
Protection One, Inc.
818 South Kansas Avenue
Topeka, Kansas 66612
Attn: Darius G. Nevin
Executive Vice President and Chief Financial Officer
Dear Mr. Nevin:
We refer to the Equity Standstill Agreement, dated as of February 17, 2004 (the “Agreement”), by and between Protection One, Inc. and POI Acquisition I, Inc. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement.
Pursuant to section 2.02 of the Agreement, the Agreement shall terminate and be of no further force and effect on the Specified Date (which, under clause (i), is May 17, 2004). By this letter and at your request, we hereby agree to amend the definition of the Specified Date to mean the earlier of: (i) the date that is 97 days after the Effective Time; or (ii) the occurrence of any Equity Standstill Termination Event. Except as otherwise provided herein, the Agreement shall remain in full force and effect subject to the terms and provisions thereof.
This letter may be executed in counterparts. Please confirm your agreement with the foregoing by signing and returning to the undersigned the duplicate copy of this letter enclosed herewith.
Very truly yours,
| POI ACQUISITION I, INC. |
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| By: | /s/ David Tanner |
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| Name: David Tanner | |||
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| Agreed as of the date first written above: |
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| PROTECTION ONE, INC. |
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| By: | /s/ Darius G. Nevin |
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| Name: Darius G. Nevin |
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| Title: Executive Vice President and |
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| Chief Financial Officer |
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