AMENDMENT TO MERUELO AGREEMENT
Exhibit 10.1
AMENDMENT TO MERUELO AGREEMENT
This Amendment (Amendment), dated March 10, 2015, is entered into by and among the persons and entities listed on Exhibit A hereto (Meruelo Stockholders) and Sizmek Inc. (the Company).
WHEREAS, the Meruelo Stockholders and Digital Generation, Inc. entered into that certain Agreement, effective October 7, 2013 (the Agreement). Capitalized terms used herein, but not otherwise defined herein, shall have the meanings set forth in the Agreement.
WHEREAS, the Company entered into a joinder agreement whereby the Company agreed to enter into and be bound by the Agreement.
WHEREAS, the Meruelo Stockholders and the Company desire to amend the Agreement as provided in this Amendment.
NOW THEREFORE, in consideration of and reliance upon the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. Section 3.6(b) of the Agreement is hereby amended and restated as follows:
The Company shall cause SpinCo to, and SpinCo shall, hold the 2014 Annual Meeting no later than December 15, 2014 and the 2015 Annual Meeting no later than December 15, 2015.
2. Section 4.3(b) of the Agreement is hereby amended and restated as follows:
if to SpinCo, to:
Sizmek Inc.
500 W. 5th Street
Suite 900
Austin, TX 78701
Attention: Neil Nguyen
Chief Executive Officer and President
With a copy to:
Latham & Watkins LLP
555 Eleventh Street, NW, Suite 1000
Washington, DC 20004
Attention: William P. ONeill
3. All other provisions of the Agreement shall remain unchanged. Sections 4.4 (Successors and Assigns), 4.6 (Counterparts), 4.7 (Headings), 4.8 (Governing Law; Choice of Venue) and 4.14 (Interpretation and Construction) of the Agreement are hereby incorporated by reference herein and shall apply to this Amendment as if repeated in full.
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IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment, or caused the same to be executed by its duly authorized representative as of the date first above written.
| Sizmek Inc. | ||
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| By: | /s/ Neil Nguyen | |
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| Neil Nguyen | |
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| Chief Executive Officer and President | |
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| Alex Meruelo Living Trust | ||
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| By: | /s/ Alex Meruelo | |
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| Alex Meruelo | |
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| Trustee | |
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| Meruelo Investment Partners LLC | ||
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| By: | /s/ Alex Meruelo | |
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| Alex Meruelo | |
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| Chief Executive Officer | |
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| Alex Meruelo | ||
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| By: | /s/ Alex Meruelo | |
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| Alex Meruelo | |
EXHIBIT A
MERUELO STOCKHOLDERS
Alex Meruelo Living Trust
Meruelo Investment Partners LLC
Alex Meruelo