EX-10.22N 8 d276253dex1022n.htm AMENDMENT TO BASE WARRANT TRANSACTION Amendment to Base Warrant Transaction

Exhibit 10.22N

 

LOGO

 

James C. Cournoyer

Assistant Treasurer

  

40 Westminster St.

Providence, RI 02903

Tel: (401) 457-4417

Fax: (401) 457-3533

jcournoyer@textron.com

December 29, 2011

JPMorgan Chase Bank, National Association

P.O. Box 161

60 Victoria Embankment

London EC4Y OJP

England

Re: Amendment to Base Warrant Transaction

Reference is made to the transaction (the “Base Warrant Transaction”) entered into between JPMorgan Chase Bank, National Association, London Branch (“Bank”), represented by J.P. Morgan Securities LLC (f/k/a J.P. Morgan Securities Inc.), as its agent, and Textron Inc. (“Company”), pursuant to a letter agreement dated April 29, 2009, entitled Issuer Warrant Transaction, as amended by the Warrant Amendment and Termination Agreement between Bank and Company dated October 25, 2011 (the “Warrant Amendment and Termination Agreement” and such letter agreement, as amended, reformed or modified prior to the date hereof, the “Base Warrant Confirmation”). This letter shall notify Bank that Company wishes to modify the number of Shares subject to the Base Warrant Confirmation. Capitalized terms used herein but not defined shall have the meaning set forth in the Base Warrant Confirmation.

 

  1. Effective as of the date hereof, the Base Warrant Confirmation shall be amended as follows:

 

  (A) The definition of “Number of Warrants” in Section 2 of the Base Warrant Confirmation is amended by replacing “11,566,442” with “8,228,765”.

 

  (B) Schedule A to the Base Warrant Confirmation, setting forth the Daily Number of Warrants for each Expiration Date, is replaced in its entirety by Schedule A attached hereto.

 

  2. Except as expressly amended hereby, all the terms and provisions of the Base Warrant Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects, and the representations, warranties and agreements in Section 4 of the Warrant Amendment and Termination Agreement are deemed to be repeated mutatis mutandis by the applicable party with respect to this letter and the Base Warrant Transaction and Base Warrant Confirmation, as amended hereby, as of the date hereof.


  3. The provisions of this letter agreement shall be governed by New York law (without reference to choice of law doctrine to the extent inconsistent with choice of New York law).

Please indicate your agreement to the forgoing by signing below.

If you have any questions, please do not hesitate to call.

Very truly yours,

 

/s/ James C. Cournoyer
James C. Cournoyer
Assistant Treasurer

Agreed and Accepted By:

J.P. MORGAN SECURITIES LLC, as agent

for JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

 

By:   /s/ Santosh Sreenivasan
  Authorized Signatory
  Name: Santosh Sreenivasan


Schedule A

For each Expiration Date, the Daily Number of Warrants is set forth below.

 

Expiration Date

   Daily Number of
Warrants
 

February 22, 2013

     182,861   

February 25, 2013

     182,861   

February 26, 2013

     182,861   

February 27, 2013

     182,861   

February 28, 2013

     182,861   

March 1, 2013

     182,861   

March 4, 2013

     182,861   

March 5, 2013

     182,861   

March 6, 2013

     182,861   

March 7, 2013

     182,861   

March 8, 2013

     182,861   

March 11, 2013

     182,861   

March 12, 2013

     182,861   

March 13, 2013

     182,861   

March 14, 2013

     182,861   

March 15, 2013

     182,861   

March 18, 2013

     182,861   

March 19, 2013

     182,861   

March 20, 2013

     182,861   

March 21, 2013

     182,861   

March 22, 2013

     182,861   

March 25, 2013

     182,861   

March 26, 2013

     182,861   

March 27, 2013

     182,861   

March 28, 2013

     182,861   

April 1, 2013

     182,862   

April 2, 2013

     182,862   

April 3, 2013

     182,862   

April 4, 2013

     182,862   

April 5, 2013

     182,862   

April 8, 2013

     182,862   

April 9, 2013

     182,862   

April 10, 2013

     182,862   

April 11, 2013

     182,862   

April 12, 2013

     182,862   

April 15, 2013

     182,862   

April 16, 2013

     182,862   

April 17, 2013

     182,862   

April 18, 2013

     182,862   

April 19, 2013

     182,862   

April 22, 2013

     182,862   

April 23, 2013

     182,862   

April 24, 2013

     182,862   

April 25, 2013

     182,862   

April 26, 2013

     182,862