CONFIRMATION

EX-10.7 9 dex107.htm CONFIRMATION FOR WARRANTS - CITIBANK AND THE COMPANY Confirmation for Warrants - Citibank and the Company

Exhibit 10.7

CONFIRMATION

 

Date:

    August 12, 2008

To:

    RadioShack Corporation (“Issuer”)

Telefax No.:

    (817) 415-2638

Attention:

    Raymond C. Vines, CPA, CTP
   Director - Treasury Operations

From:

    Citibank, N.A. (“Bank”)

Telefax No.:

    (212) 615-8985

The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of the above-referenced Transaction entered into on the Trade Date specified below between you and us. This Confirmation supplements, forms a part of, and is subject to the Master Terms and Conditions for Warrants Issued by RadioShack Corporation, between Bank and Issuer, dated as of August 12, 2008 and as amended from time to time (the “Master Confirmation”).

1. The definitions and provisions contained in the Definitions (as such term is defined in the Master Confirmation) and in the Master Confirmation are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.

2. The particular Transaction to which this Confirmation relates shall have the following terms:

 

Trade Date:

   August 12, 2008

Effective Date:

   August 13, 2008

Strike Price:

   USD36.6000

Premium:

   USD 20,767,500.00

Premium Payment Date:

   August 18, 2008

Final Disruption Date:

   March 25, 2014

Maximum Delivery Amount:

   Two times the Number of Shares

For each Component of the Transaction, the Number of Warrants and Expiration Date are as set forth below.

 

Component Number

  

Number of Warrants

  

Expiration Date

1.   89,356   November 1, 2013
2.   89,356   November 4, 2013

 

A-1

3.   89,356   November 5, 2013
4.   89,356   November 6, 2013
5.   89,356   November 7, 2013
6.   89,356   November 8, 2013
7.   89,356   November 11, 2013
8.   89,356   November 12, 2013
9.   89,356   November 13, 2013
10.   89,356   November 14, 2013
11.   89,356   November 15, 2013
12.   89,356   November 18, 2013
13.   89,356   November 19, 2013
14.   89,356   November 20, 2013
15.   89,356   November 21, 2013
16.   89,356   November 22, 2013
17.   89,356   November 25, 2013
18.   89,356   November 26, 2013
19.   89,356   November 27, 2013
20.   89,356   November 29, 2013
21.   89,356   December 2, 2013
22.   89,356   December 3, 2013
23.   89,356   December 4, 2013
24.   89,356   December 5, 2013
25.   89,356   December 6, 2013
26.   89,356   December 9, 2013
27.   89,356   December 10, 2013
28.   89,356   December 11, 2013
29.   89,356   December 12, 2013
30.   89,356   December 13, 2013
31.   89,356   December 16, 2013
32.   89,356   December 17, 2013
33.   89,356   December 18, 2013
34.   89,356   December 19, 2013
35.   89,356   December 20, 2013
36.   89,356   December 23, 2013
37.   89,356   December 24, 2013
38.   89,356   December 26, 2013
39.   89,356   December 27, 2013
40.   89,356   December 30, 2013
41.   89,356   December 31, 2013
42.   89,356   January 2, 2014
43.   89,356   January 3, 2014
44.   89,356   January 6, 2014
45.   89,356   January 7, 2014
46.   89,356   January 8, 2014
47.   89,356   January 9, 2014
48.   89,356   January 10, 2014
49.   89,356   January 13, 2014
50.   89,356   January 14, 2014
51.   89,356   January 15, 2014
52.   89,356   January 16, 2014
53.   89,356   January 17, 2014
54.   89,356   January 21, 2014
55.   89,356   January 22, 2014

 

A-2

56.   89,356   January 23, 2014
57.   89,356   January 24, 2014
58.   89,356   January 27, 2014
59.   89,356   January 28, 2014
60.   89,356   January 29, 2014
61.   89,356   January 30, 2014
62.   89,356   January 31, 2014
63.   89,356   February 3, 2014
64.   89,356   February 4, 2014
65.   89,356   February 5, 2014
66.   89,356   February 6, 2014
67.   89,356   February 7, 2014
68.   89,356   February 10, 2014
69.   89,356   February 11, 2014
70.   89,356   February 12, 2014
71.   89,356   February 13, 2014
72.   89,356   February 14, 2014
73.   89,356   February 18, 2014
74.   89,356   February 19, 2014
75.   89,356   February 20, 2014
76.   89,356   February 21, 2014
77.   89,356   February 24, 2014
78.   89,356   February 25, 2014
79.   89,356   February 26, 2014
80.   89,356   February 27, 2014
81.   89,356   February 28, 2014
82.   89,356   March 3, 2014
83.   89,356   March 4, 2014
84.   89,356   March 5, 2014
85.   89,356   March 6, 2014
86.   89,356   March 7, 2014
87.   89,356   March 10, 2014
88.   89,356   March 11, 2014
89.   89,356   March 12, 2014
90.   89,389   March 13, 2014

 

A-3

Issuer hereby agrees (a) to check this Confirmation promptly upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing correctly sets forth the terms of the agreement between us with respect to the particular Transaction to which this Confirmation relates, by manually signing this Confirmation and providing any other information requested herein or in the Master Confirmation and immediately returning an executed copy to Confirmation Unit via ###-###-####. Hard copies should be returned to Citibank, N.A., 333 West 34th Street, 2nd Floor, New York, New York 10001, Attention: Confirmation Unit.

 

Yours sincerely,
CITIBANK, N.A.
By:  

/s/ Jason Shrednick

Name:   Jason Shrednick
Title:   Authorized Signatory

 

Confirmed as of the date first above written:
RADIOSHACK CORPORATION
By:  

/s/ James Gooch

Name:   James Gooch
Title:   Chief Financial Officer