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EXHIBIT 10.18
AMENDMENT NO. 2
dated as of February 2, 2000,
AMENDING
AND RESTATING THE PARTICIPATION
AGREEMENT, THE MASTER LEASE AND DEED OF
TRUST, AND APPENDIX A
dated as of February 9, 1999
among
SYMANTEC CORPORATION,
as the Lessee, Construction Agent, Pledgor and Guarantor
SUMITOMO BANK LEASING AND FINANCE, INC.,
as the Lessor,
VARIOUS FINANCIAL INSTITUTION IDENTIFIED HEREIN,
as Lenders,
THE BANK OF NOVA SCOTIA,
as Documentation Agent,
and
THE SUMITOMO BANK, LIMITED, LOS ANGELES BRANCH,
as Agent.
Lease Financing of Properties
for Symantec Corporation
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THIS AMENDMENT NO. 2 TO THE AMENDED AND RESTATED PARTICIPATION
AGREEMENT, MASTER LEASE AND DEED OF TRUST, AND APPENDIX A, dated as of February
2, 2000 (this "Amendment"), amending that certain Amended and Restated
Participation Agreement (the "Participation Agreement"), Master Lease and Deed
of Trust, and that certain Appendix A thereto ("Appendix A") dated as of
February 9, 1999, among SYMANTEC CORPORATION, as the Lessee, Construction Agent,
Pledgor and Guarantor (the "Lessee"), SUMITOMO BANK LEASING AND FINANCE, INC.,
as the Lessor (the "Lessor"), VARIOUS FINANCIAL INSTITUTIONS IDENTIFIED HEREIN,
as the Lenders (the "Lenders"), THE BANK OF NOVA SCOTIA, as the Documentation
Agent ("Scotia") and THE SUMITOMO BANK, LIMITED, LOS ANGELES BRANCH, as the
Agent (the "Agent").
W I T N E S S E T H:
WHEREAS, the Lessee, the Lessor, the Lenders, Scotia and the Agent have
heretofore entered into the Participation Agreement, Master Lease and Deed of
Trust, and Appendix A; and
WHEREAS, the Lessee, the Lessor, the Lenders, Scotia and the Agent now
desire to amend the Participation Agreement, Master Lease and Deed of Trust, and
Appendix A in certain respects to reflect the fact that: (i) an additional 180
days has been added to the Outside Completion Date to accommodate the completion
of an addition to City Center II per the Webcor Builders Change Order number
001, project number 99070 and (ii) the calculation of Tangible Net Worth affords
the Lessee an annual $75 million exemption for Acquisitions (as defined in the
Credit Agreement), as hereinafter provided;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
SECTION 1. Certain Terms. Capitalized terms used but not otherwise
defined in this Amendment have the meanings specified in Appendix A; and the
rules of interpretation specified in Appendix A shall apply to this Amendment.
SECTION 2. Amendment to Section 10.1(f)(ii) of the Participation
Agreement. Section 10.1(f)(ii) of the Participation Agreement is hereby amended
by adding to the end of that provision ", less any amount up to $75 million
annually reflecting costs related to Acquisitions (as defined in the Credit
Agreement)."
SECTION 3. Amendment to "Construction Commitment Period" and "Outside
Completion Date" in Appendix A.
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(a) The definition of "Construction Commitment Period" in Appendix A is
hereby amended by deleting "twelve (12)" in the seventh and eighth line of such
definition and replacing it with "eighteen (18)".
(b) The definition of "Outside Completion Date" in Appendix A is hereby
amended by deleting "twenty-four (24)" appearing in the second line of
such definition, and replacing it with "thirty (30)". The definition is
further amended by deleting "twelve (12)" appearing in the fourth line
of such definition, and replacing it with "eighteen (18)".
SECTION 4. Amendment to Section 2.3 of the Amended and Restated Master
Lease and Deed of Trust. The second paragraph of section 2.3 is hereby amended
by deleting "twelfth (12th)" appearing in the tenth line of such paragraph and
replacing it with "eighteenth (18th)".
SECTION 5. Conditions to Effectiveness. This Amendment shall be
effective upon the execution by each of the parties hereto. The effective date
of this Amendment shall be February __, 2000.
SECTION 6. Ratification of and References to Participation Agreement,
Master Lease and Deed of Trust and Appendix A. This Amendment shall be deemed to
be an amendment to the Participation Agreement, Master Lease and Deed of Trust
and Appendix A, and the Participation Agreement, Master Lease and Deed of Trust
and Appendix A, as amended hereby, is hereby ratified, approved and confirmed in
every respect. All references to the Participation Agreement, Master Lease and
Deed of Trust and Appendix A in any other document, instrument, agreement or
writing shall hereafter be deemed to refer to the Participation Agreement,
Master Lease and Deed of Trust and, Appendix A as amended hereby.
SECTION 6. Counterpart Execution. This Amendment may be executed in any
number of counterparts and by each of the parties hereto in separate
counterparts, all such counterparts together constituting but one and the same
instrument.
SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
CALIFORNIA, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.
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IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment
to be duly executed by an officer thereunto duly authorized as of the date and
year first above written.
SYMANTEC CORPORATION, as Lessee,
Construction Agent, Pledgor and Guarantor
By: /s/ Gregory Myers
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Name: Gregory E. Myers
Title: CFO and VP, Finance
SUMITOMO BANK LEASING AND FINANCE, INC.,
as the Lessor
By: /s/ Brett D. Long
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Name: Brett D. Long
Title: President
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The following parties hereby agree to and consent to this Amendment this 2 day
of February 2000.
THE BANK OF NOVA SCOTIA, as Lender
By: /s/ Ed Rofman
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Name: Ed Rofman
Title: Director
COOPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK B.A., "Rabobank
Nederland," New York Branch as Lender
By: /s/ Peter Fraguel
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Name: Peter Fraguel
Title: Vice President
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ALL-PURPOSE ACKNOWLEDGEMENT
State of ___________________ )
)
County of __________________ )
On _______________________ before me, _______________________________________,
Date Name, Title of Officer, e.g., "Jane Doe, Notary Public
personally appeared _________________________________________________________,
[ ] personally known to me - OR -
[ ] proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.
Witness my hand and official seal.
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Signature of Notary
CAPACITY CLAIMED BY SIGNER: SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES)
[ ] INDIVIDUAL(S)
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[ ] CORPORATE OFFICER(S)
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TITLE
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TITLE
[ ] PARTNER(S)
[ ] ATTORNEY-IN-FACT
[ ] TRUSTEE(S)
[ ] SUBSCRIBING WITNESS
[ ] GUARDIAN/CONSERVATOR
[ ] OTHER
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ATTENTION NOTARY: ALTHOUGH THE INFORMATION REQUESTED BELOW IS OPTIONAL, IT COULD
PREVENT FRAUDULENT ATTACHMENT OF THIS CERTIFICATE TO UNAUTHORIZED DOCUMENT.
THIS CERTIFICATE Title or Type of Document_____________________________
MUST BE ATTACHED Number of Pages _____ Date of Document________________
TO THE DOCUMENT Signer(s) Other Than Named Above _____________________
DESCRIBED AT RIGHT:
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ALL-PURPOSE ACKNOWLEDGEMENT
State of ___________________ )
)
County of __________________ )
On _______________________ before me, _______________________________________,
Date Name, Title of Officer, e.g., "Jane Doe, Notary Public
personally appeared _________________________________________________________,
[ ] personally known to me - OR -
[ ] proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.
Witness my hand and official seal.
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Signature of Notary
CAPACITY CLAIMED BY SIGNER: SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES)
[ ] INDIVIDUAL(S)
------------------------------
[ ] CORPORATE OFFICER(S)
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------------------------------
------------------------------
TITLE
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TITLE
[ ] PARTNER(S)
[ ] ATTORNEY-IN-FACT
[ ] TRUSTEE(S)
[ ] SUBSCRIBING WITNESS
[ ] GUARDIAN/CONSERVATOR
[ ] OTHER
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ATTENTION NOTARY: ALTHOUGH THE INFORMATION REQUESTED BELOW IS OPTIONAL, IT COULD
PREVENT FRAUDULENT ATTACHMENT OF THIS CERTIFICATE TO UNAUTHORIZED DOCUMENT.
THIS CERTIFICATE Title or Type of Document_____________________________
MUST BE ATTACHED Number of Pages _____ Date of Document________________
TO THE DOCUMENT Signer(s) Other Than Named Above _____________________
DESCRIBED AT RIGHT: