-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U9BTAScV8OdzCjEFepOwijPGBMd+XSDgaBjAKNu3qZODZOTM0kqzO1mls6vP03vd TKFVU0GFUikRnihUmKDhtg== 0001104659-06-036457.txt : 20060522 0001104659-06-036457.hdr.sgml : 20060522 20060519205501 ACCESSION NUMBER: 0001104659-06-036457 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060522 DATE AS OF CHANGE: 20060519 GROUP MEMBERS: SILVER LAKE INVESTORS, L.P. GROUP MEMBERS: SILVER LAKE TECHNOLOGY INVESTORS, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GARTNER INC CENTRAL INDEX KEY: 0000749251 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 043099750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44921 FILM NUMBER: 06856712 BUSINESS ADDRESS: STREET 1: 56 TOP GALLANT RD STREET 2: P O BOX 10212 CITY: STAMFORD STATE: CT ZIP: 06904-2212 BUSINESS PHONE: 2039640096 MAIL ADDRESS: STREET 1: 56 TOP GALLANT RD STREET 2: P O BOX 10212 CITY: STAMFORD STATE: CT ZIP: 06904-2212 FORMER COMPANY: FORMER CONFORMED NAME: GARTNER GROUP INC DATE OF NAME CHANGE: 19930823 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVER LAKE PARTNERS LP CENTRAL INDEX KEY: 0001088186 IRS NUMBER: 943345401 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2725 SAND HILL RD STREET 2: STE 150 CITY: MENLO PARK STATE: CA ZIP: 94025 MAIL ADDRESS: STREET 1: 2725 SAND HILL ROAD STE 150 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13D/A 1 a06-12327_1sc13da.htm AMENDMENT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

GARTNER, INC.

(Name of Issuer)

 

Class A Common Stock, Par Value $.0005 Per Share

(Title of Class of Securities)

 

366651107

(CUSIP Number)

 

Silver Lake Partners, L.P.
2725 Sand Hill Road, Suite 150
Menlo Park, CA 94025
(650) 233-8120

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

May 18, 2006

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 




 

CUSIP No.   366651107

 

 

1.

Names of Reporting Persons.  SILVER LAKE PARTNERS, L.P., a Delaware limited partnership.
I.R.S. Identification Nos. of above persons (entities only)   Not required.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization  Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

 

8.

Shared Voting Power  37,740,128*

 

9.

Sole Dispositive Power

 

10.

Shared Dispositive Power  37,740,128*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person  37,740,128*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)  33.1%*

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

* See Item 5.

 

2




 

CUSIP No.   366651107

 

 

1.

Names of Reporting Persons.  SILVER LAKE INVESTORS, L.P., a Delaware limited partnership.
I.R.S. Identification Nos. of above persons (entities only)   Not required.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization  Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

 

8.

Shared Voting Power  37,740,128*

 

9.

Sole Dispositive Power

 

10.

Shared Dispositive Power  37,740,128*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person  37,740,128*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)  33.1%*

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

* See Item 5.

 

3




 

 

CUSIP No.   366651107

 

 

1.

Names of Reporting Persons.  SILVER LAKE TECHNOLOGY INVESTORS, l.l.c., a Delaware limited liability company.
I.R.S. Identification Nos. of above persons (entities only)   Not required.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization  Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

 

8.

Shared Voting Power  37,740,128*

 

9.

Sole Dispositive Power

 

10.

Shared Dispositive Power  37,740,128*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person  37,740,128*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)  33.1%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

* See Item 5.

 

4




 

                    This Amendment No. 4 to Schedule 13D supplements and amends the Schedule 13D of Silver Lake Partners, L.P., Silver Lake Investors, L.P., and Silver Lake Technology Investors, L.L.C. (the “Silver Lake Entities”) originally filed on April 15, 2003, as amended by Amendment No. 1 filed on September 19, 2003, Amendment No. 2 filed on June 21, 2004, and Amendment No. 3 filed on August 30, 2004, with respect to the Common Stock, par value $.0005 per share (the “Common Stock”) of Gartner, Inc. (“Gartner”).  Each item below amends and supplements the information disclosed under the corresponding item of the Schedule 13D.   Capitalized terms defined in the Schedule 13D are used herein with their defined meanings.

Item 4.        Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented by the following:

                    On May 18, 2006, Gartner, the Silver Lake Entities and Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc., as representatives for the several underwriters (the “Underwriters”), entered into an Underwriting Agreement relating to the sale by the Silver Lake Entities to the Underwriters of 9,500,000 shares of Common Stock (the “Underwriting Agreement”).  The Underwriting Agreement also grants the underwriters an option to purchase up to an additional 1,425,000 shares of Common Stock from the Silver Lake Entities to cover over-allotments, if any.

                    In connection with the offering and sale contemplated in the Underwriting Agreement (the “Offering”), the Silver Lake Entities entered into stock purchase agreements on May 8, 2006 with each of Gartner (the “Gartner Stock Purchase Agreement”) and James C. Smith, the Chairman of Gartner’s board of directors, (the “Smith Stock Purchase Agreement”), whereby, subject to the terms and conditions therein, the Silver Lake Entities agreed to sell to Gartner and Mr. Smith, and Gartner and Mr. Smith agreed to purchase from the Silver Lake Entities, 1,000,000 shares and 200,000 shares of Common Stock, respectively, assuming that the Offering is consummated.  These sales are expected to close concurrently with the sale of the 9,500,000 shares to the Underwriters.

                    The Underwriting Agreement, the Gartner Stock Purchase Agreement and the Smith Stock Purchase Agreement are attached as exhibits or incorporated by reference to the Schedule 13D and are incorporated herein by reference.

Item 5.        Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and supplemented by the following:

                             The information contained on the cover pages of this Schedule 13D is incorporated herein by reference.

                    As of the date hereof, the Silver Lake Entities beneficially own 37,740,128 shares of Common Stock.  Assuming the sale of 9,500,000 shares of Common Stock in the proposed Offering and no exercise of the Underwriters’ option to purchase additional shares, as well as the sale of 1,000,000 shares of Common Stock to Gartner and 200,000 shares of Common Stock to Mr. Smith, the Silver Lake Entities may be deemed to be the beneficial owners of 27,040,128 shares of Common Stock, representing approximately 23.9% of the issued and outstanding shares of Common Stock.

5




Item 6.                       Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 of the Schedule 13D is hereby amended and supplemented by the information contained in Item 4 of this Amendment, which is herein incorporated by reference.

Item 7.                       Material to Be Filed as Exhibits

Item 7 of the Schedule 13D is hereby supplemented by adding the following:

Exhibit 5

Underwriting Agreement, dated as of May 18, 2006, by and among Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc., as representatives for the several underwriters named therein, Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and Gartner, Inc. (Incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K of Gartner, Inc. on May 19, 2006)

 

 

Exhibit 6

Stock Purchase Agreement, dated as of May 8, 2006, by and among Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and Gartner, Inc. (Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of Gartner, Inc. filed on May 9, 2006)

 

 

Exhibit 7

Stock Purchase Agreement, dated as of May 8, 2006, by and among Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and James C. Smith.

 

 

 

6




 

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATED: May 19, 2006

 

SILVER LAKE PARTNERS, L.P.

 

 

 

 

 

By:

Silver Lake Technology Associates, L.L.C., its General Partner

 

 

 

 

 

 

 

 

By:

/s/ Karen M. King

 

 

Name:

Karen M. King

 

 

Title:

General Counsel

 

 

 

 

 

 

 

 

 

SILVER LAKE INVESTORS, L.P.

 

 

 

 

 

By:

Silver Lake Technology Associates, L.L.C., its General Partner

 

 

 

 

 

 

 

 

By:

/s/ Karen M. King

 

 

Name:

Karen M. King

 

 

Title:

General Counsel

 

 

 

 

 

 

 

 

 

SILVER LAKE TECHNOLOGY INVESTORS, L.L.C.

 

 

 

 

 

By:

Silver Lake Technology

 

 

Management, L.L.C., its Manager

 

 

 

 

 

 

 

By:

/s/ Karen M. King

 

 

Name:

Karen M. King

 

 

Title:

General Counsel

 

7



EX-7 2 a06-12327_1ex7.htm EX-7

Exhibit 7

 

Execution Copy

STOCK PURCHASE AGREEMENT

                This STOCK PURCHASE AGREEMENT (the “Agreement”) is made as of May 8, 2006 by and among James C. Smith (the “Purchaser”), Silver Lake Partners, L.P., a Delaware limited partnership, Silver Lake Investors, L.P., a Delaware limited partnership, and Silver Lake Technology Investors, L.L.C., a Delaware limited liability company (collectively, “Silver Lake”).

R E C I T A L S

A.            WHEREAS, as of the date hereof, Silver Lake owns of record 37,740,128 shares of common stock, par value $0.0005 per share, of the Company (the “Common Stock”), which constitutes approximately 33.1% of the issued and outstanding shares of Common Stock of the Company;

B.            WHEREAS, pursuant to Section 4.2 of that certain Amended and Restated Securityholders Agreement, dated July 12, 2002, among the Company, Silver Lake Partners, L.P. and certain additional signatories thereto (the “Securityholders Agreement”), Silver Lake has requested that the Company prepare and file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-3 (the “Registration Statement”) relating to the registration under the Securities Act of 1933, as amended (the “Act”), of certain shares of Common Stock held by Silver Lake;

C.            WHEREAS, the Company, Silver Lake and Goldman, Sachs & Co., as representative of the several underwriters, intend to enter into an agreement pursuant to which Silver Lake will sell an aggregate of 9,500,000 shares of Common Stock (such number of shares, the “Firm Shares”) and, at the election of the underwriters set forth on Schedule I thereto (the “Underwriters”), up to 1,425,000 additional shares of Common Stock (the “Optional Shares,” and together with the Firm Shares, the “Underwritten Shares”), to the Underwriters (the “Underwriting Agreement”);

D.            WHEREAS, in addition to the Underwritten Shares to be sold to the Underwriters pursuant to the Underwriting Agreement, Silver Lake desires and voluntarily agrees to sell certain shares of Common Stock held by Silver Lake to the Purchaser, and the Purchaser desires to purchase such shares from Silver Lake;  and

E.             WHEREAS, the Purchaser and Silver Lake desire to make certain covenants and agreements with one another pursuant to this Agreement.

                NOW THEREFORE, in consideration of the covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:




AGREEMENT

1.             Purchase and Sale of the Shares; the Closing.

1.1   Purchase and Sale of Common Stock. Subject to the consummation of the sale of the Firm Shares to the Underwriters pursuant to and in accordance with the Underwriting Agreement, and the other terms and conditions of this Agreement, and on the basis of the representations, warranties and covenants set forth herein, Silver Lake agrees to sell to the Purchaser, and the Purchaser agrees to purchase from Silver Lake, 200,000 shares of Common Stock (the “Shares”). The allocation of the Shares to be sold by each Silver Lake entity at the Closing shall be pro rata based on the number of shares of Common Stock held of record by each of Silver Lake Partners, L.P., Silver Lake Investors, L.P., and Silver Lake Technology Investors, L.L.C., rounded to the nearest whole share, or in such other proportion as Silver Lake may determine.

1.2   Purchase Price. The “Per Share Purchase Price” for the Shares shall be equal to the price per share at which the Underwriters purchase the Firm Shares from Silver Lake pursuant to the terms of the Underwriting Agreement. The “Purchase Price” shall equal the Per Share Purchase Price specified in this Section 1.2 multiplied by the number of Shares purchased by the Purchaser from Silver Lake pursuant to Section 1.1 of this Agreement.

1.3   The Closing. Subject to the terms and conditions hereof, the purchase and sale of the Shares contemplated by this Agreement (the “Closing”) will take place at the offices of Wilson Sonsini Goodrich & Rosati, Professional Corporation, 1301 Avenue of the Americas, 40th Floor, New York, New York 10019 at 10:00 a.m. New York City time, on the third business day following the expiration of any prohibitions or restrictions on the Purchaser’s ability to purchase shares of its Common Stock pursuant to Regulation M,  as promulgated by the SEC, 17 CFR § 242.100¸ et. seq., as may be amended from time to time, or such other day and place as the parties may mutually agree. At the Closing, (i) Silver Lake will deliver to the Purchaser certificates representing the Shares to be purchased by the Purchaser duly endorsed or accompanied by stock powers duly executed in blank and otherwise in form acceptable for transfer on the books of the Company (or shall deliver the shares in such other manner as shall be reasonably agreed), and (ii) the Purchaser  shall deliver the Purchase Price to Silver Lake by wire transfer of immediately available funds to one or more accounts specified by Silver Lake at least one business day prior to the Closing.

2.             Representations and Warranties of Silver Lake. In order to induce the Purchaser to enter into this Agreement, Silver Lake hereby represents and warrants to the Purchaser as follows:

2.1   Ownership of Shares. Silver Lake owns of record the number of issued and outstanding shares of Common Stock set forth in the recitals to this Agreement. The Shares to be sold to the Purchaser by Silver Lake when delivered to the Purchaser shall be free and clear of any liens, claims or encumbrances, including rights of first refusal and similar claims except for restrictions of applicable state and federal securities laws. There are no restrictions on the transfer of such Shares imposed by any shareholder or similar agreement or any law, regulation or order, other than applicable state and federal securities laws.

2.2   Authorization. Silver Lake has full right, power and authority to execute, deliver and perform this Agreement and to sell, assign and deliver the Shares to be sold by it to the Purchaser. This Agreement is the legal, valid and, assuming due execution and delivery by the other parties hereto, binding obligation of Silver Lake, enforceable in accordance with its terms, except to the extent that the enforceability

2




thereof may be limited by (i) principles of public policy, (ii) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, and (iii) rules of law governing the availability of equitable remedies.

2.3   No Violation; No Consent. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby by Silver Lake (i) will not constitute a breach or violation of or default under any judgment, decree or order or any agreement or instrument of Silver Lake or to which Silver Lake is subject, (ii) will not result in the creation or imposition of any lien upon the Shares to be sold by Silver Lake, and (iii) will not require the consent of or notice to any governmental entity or any party to any contract, agreement or arrangement with Silver Lake.

2.4   Brokerage. There are no claims for brokerage commissions or finder’s fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement made by or on behalf of Silver Lake.

3.             Representations and Warranties of the Purchaser. In order to induce Silver Lake to enter into this Agreement, the Purchaser hereby represents and warrants as follows:

3.1   Organization and Corporate Power; Authorization. This Agreement and any other agreements, instruments, or documents entered into by the Purchaser pursuant to this Agreement have been duly executed and delivered by the Purchaser and are the legal, valid and, assuming due execution by the other parties hereto, binding obligations of the Purchaser, enforceable against the Purchaser in accordance with its terms except to the extent that the enforceability thereof may be limited by (i) principles of public policy, (ii) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, and (iii) rules of law governing the availability of equitable remedies.

3.2   No Violation; No Consent. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby by the Purchaser  (i) will not constitute a breach or violation of or default under any judgment, decree or order or any agreement or instrument of the Purchaser or to which the Purchaser  is subject, and (ii) will not require the consent of or notice to any governmental entity or any party to any contract, agreement or arrangement with the Purchaser.

3.3   Brokerage. There are no claims for brokerage commissions or finder’s fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement made by or on behalf of the Purchaser.

3.4   Restricted Securities. The Purchaser acknowledges that the Shares have not been registered under the Securities Act and the Purchaser shall not resell or otherwise transfer any of such Shares except pursuant to the exemption from registration provided by Rule 144 under the Act (if available), in accordance with another exemption from the registration requirements of the Act, or pursuant to an effective registration statement under the Act.

4.             Conditions to the Purchaser’s Obligations. The obligations of the Purchaser under Article 1 to purchase the Shares at the Closing from Silver Lake are subject to the fulfillment as of the Closing of each of the following conditions unless waived by the Purchaser in accordance with Section 8.12:

3




4.1   Representations and Warranties. The representations and warranties of Silver Lake contained in Article 2 shall be true and correct on and as of the date of the Closing with the same effect as though such representations and warranties had been made on and as of the date of the Closing.

4.2   Performance. Silver Lake shall have performed and complied in all material respects with all agreements, obligations, and conditions contained in this Agreement that are required to be performed or complied with by it on or before the date of the Closing.

4.3   Sale of Firm Shares. The sale of the Firm Shares by Silver Lake to the Underwriters shall have closed in accordance with the terms of the Underwriting Agreement.

4.4   Expiration of Regulation M Restrictions. Any prohibitions or restrictions on the the Purchaser’s ability to purchase shares of its Common Stock pursuant to Regulation M,  as promulgated by the SEC, 17 CFR § 242.100¸ et. seq., as may be amended from time to time shall have expired.

4.5   Further Assurances.  No governmental authority shall have advised or notified the Purchaser that the consummation of the transactions contemplated hereunder would constitute a material violation of any applicable laws or regulations, which notification or advice shall not have been withdrawn after the exhaustion of the Purchaser’s good faith efforts to cause such withdrawal.

5.             Conditions to Silver Lake’s Obligations. The obligations of Silver Lake under Article 1 to sell the Shares at the Closing are subject to the fulfillment as of the Closing of each of the following conditions unless waived by Silver Lake in accordance with Section 8.12:

5.1   Representations and Warranties. The representations and warranties of the Purchaser contained in Article 3 shall be true and correct as of the date of the Closing with the same effect as though such representations and warranties had been made on and as of the date of the Closing.

5.2   Performance. The Purchaser  shall have performed and complied in all material respects with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the date of the Closing.

5.3   Sale of Firm Shares. The sale of the Firm Shares by Silver Lake to the Underwriters shall have closed in accordance with the terms of the Underwriting Agreement.

5.4   Expiration of Regulation M Restrictions. Any prohibitions or restrictions on the Purchaser’s ability to purchase shares of its Common Stock pursuant to Regulation M,  as promulgated by the SEC, 17 CFR § 242.100¸ et. seq., as may be amended from time to time shall have expired.

5.5   Further Assurances.  No governmental authority shall have advised or notified Silver Lake that the consummation of the transactions contemplated hereunder would constitute a material violation of any applicable laws or regulations, which notification or advice shall not have been withdrawn after the exhaustion of Silver Lake’s good faith efforts to cause such withdrawal.

6.             Covenants.

6.1   Closing Conditions. Silver Lake and the Purchaser shall use their commercially reasonable efforts to ensure that each of the conditions to Closing is satisfied.

4




7.             Survival of Representations and Warranties; Limitation on Liability. All representations and warranties hereunder shall survive the Closing. Notwithstanding the foregoing, in no event shall Silver Lake’s liability for breach of the representations, warranties and covenants exceed the Purchase Price to be paid by the Purchaser to Silver Lake.

8.             Miscellaneous.

8.1           Adjustments. Wherever a particular number is specified herein, including, without limitation, number of shares or price per share, such number shall be adjusted to reflect any stock dividends, stock-splits, reverse stock-splits, combinations or other reclassifications of stock or any similar transactions and appropriate adjustments shall be made with respect to the relevant provisions of this Agreement so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the Purchaser and Silver Lake under this Agreement.

8.2           Governing Law; Jurisdiction. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of New York. Any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement may be brought or otherwise commenced in any state or federal court located in the State of New York. Each party hereto agrees to the entry of an order to enforce any resolution, settlement, order or award made pursuant to this Section 8.2 by the state and federal courts located in the State of New York and in connection therewith hereby waives, and agrees not to assert by way of motion, as a defense, or otherwise, any claim that such resolution, settlement, order or award is inconsistent with or violative of the laws or public policy of the laws of the State of New York or any other jurisdiction.

8.3           Successors and Assigns. This Agreement shall not be assignable by any party hereto without the prior written consent of the other parties hereto, which consent shall not be unreasonably withheld. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successor and assigns of the parties hereto.

8.4           Entire Agreement; Amendment. This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof. Neither this Agreement nor any provision hereof may be amended, changed or waived other than by a written instrument signed by the party against who enforcement of any such amendment, change or waiver is sought.

8.5           Cooperation. The Purchaser and Silver Lake shall, from and after the date hereof, cooperate in a reasonable manner to effect the purposes of this Agreement.

8.6           Termination. The Purchaser or Silver Lake may terminate this Agreement if (i) the Company, Silver Lake, Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc., as representatives of the several underwriters, have not entered into the Underwriting Agreement by June 30, 2006, or (ii) the Underwriting Agreement (other than the provisions that survive termination) shall terminate or be terminated prior to payment for and delivery of the Firm Shares to be sold thereunder. Upon termination of this Agreement pursuant to this Section 8.6, none of the parties hereto shall have any liability hereunder except for breaches of such party’s representations, warranties or covenants occurring prior to the date of such termination.

8.7           Notices, etc. All notices and other communications required or permitted hereunder shall be effective upon receipt and shall be in writing and may be delivered in person, by telecopy, electronic

5




mail, express delivery service or U.S. mail, in which event it may be mailed by first-class, certified or registered, postage prepaid, addressed, to the party to be notified, at the respective addresses set forth below, or at such other address which may hereinafter be designated in writing:

(a)

If to Silver Lake, to:

 

 

 

 

 

 

Silver Lake Partners, L.P.

 

 

2725 Sand Hill Road, Suite 150

 

 

Menlo Park, CA 94025

 

 

Attention: Karen King

 

 

Phone:   650-233-8518

 

 

Fax:      650-233-8125 

 

 

 

 

 

with a copy to:

 

 

 

 

 

Simpson Thacher & Bartlett LLP

 

 

425 Lexington Avenue

 

 

New York, NY 10017

 

 

Attention: Richard Fenyes, Esq.

 

 

Phone:  212-455-2812

 

 

Fax:     212-455-2502

 

 

 

 

 

(b)

If to the Purchaser, to:

 

 

 

 

 

 

James C. Smith

 

 

P.O. Box 190369

 

 

Dallas, TX 75219

 

 

 

 

 

Phone: 214-526-9090

 

 

8.8           Severability. If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

8.9           Titles and Subtitles. The titles of the Articles and Sections of this Agreement are for convenience of reference only and in no way define, limit, extend, or describe the scope of this Agreement or the intent of any of its provisions.

8.10         Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.

8.11         Delays or Omissions. It is agreed that no delay or omission to exercise any right, power or remedy accruing to any party upon any breach or default of any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach or default, or any acquiescence therein, or of any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement, or any waiver of any provisions or conditions of this

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Agreement must be in writing and shall be effective only to the extent specifically set forth in writing, and that all remedies, either under this Agreement, by law or otherwise, shall be cumulative and not alternative.

8.12         Consents. Any permission, consent, or approval of any kind or character under this Agreement shall be in writing and shall be effective only to the extent specifically set forth in such writing.

8.13         SPECIFIC PERFORMANCE. THE PARTIES HERETO AGREE THAT IRREPARABLE DAMAGE WOULD OCCUR IN THE EVENT THAT ANY OF THE PROVISIONS OF THIS AGREEMENT WERE NOT PERFORMED IN ACCORDANCE WITH ITS SPECIFIC INTENT OR WERE OTHERWISE BREACHED. IT IS ACCORDINGLY AGREED THAT THE PARTIES SHALL BE ENTITLED TO AN INJUNCTION OR INJUNCTIONS, WITHOUT BOND, TO PREVENT OR CURE BREACHES OF THE PROVISIONS OF THIS AGREEMENT AND TO ENFORCE SPECIFICALLY THE TERMS AND PROVISIONS HEREOF, THIS BEING IN ADDITION TO ANY OTHER REMEDY TO WHICH THEY MAY BE ENTITLED BY LAW OR EQUITY, AND ANY PARTY SUED FOR BREACH OF THIS AGREEMENT EXPRESSLY WAIVES ANY DEFENSE THAT A REMEDY IN DAMAGES WOULD BE ADEQUATE.

8.14         Payment of Fees and Expenses. Each party shall be responsible for paying its own fees, costs and expenses in connection with this Agreement and the transactions herein contemplated.

8.15         Construction of Agreement. No provision of this Agreement shall be construed against either party as the drafter thereof.

8.16         Section References. Unless otherwise stated, any reference contained herein to a Section or subsection refers to the provisions of this Agreement.

8.17         Variations of Pronouns. All pronouns and all variations thereof shall be deemed to refer to the masculine, feminine, or neuter, singular or plural, as the context in which they are used may require.

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IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first written above.

JAMES C. SMITH

 

 

 

 

 

/s/ James C. Smith

 

James C. Smith

 

 

 

 

 

 

 

SILVER LAKE

 

 

 

 

SILVER LAKE PARTNERS, L.P.

 

 

 

 

By:

Silver Lake Technology Associates, L.L.C.,

 

 

its General Partner

 

 

 

 

By:

/s/ Michael Bingle

 

 

Name:  Michael Bingle

 

 

Title:    Managing Director

 

 

 

 

 

 

 

SILVER LAKE INVESTORS, L.P.

 

 

 

 

By:

Silver Lake Technology Associates, L.L.C.,

 

 

its General Partner

 

 

 

 

By:

/s/ Michael Bingle

 

 

Name:   Michael Bingle

 

 

Title:     Managing Director

 

 

 

 

 

 

 

SILVER LAKE TECHNOLOGY INVESTORS, L.L.C.

 

 

 

 

By:

Silver Lake Technology Management, L.L.C.,

 

 

its Manager

 

 

 

 

 

 

 

By:

/s/ Michael Bingle

 

 

Name:  Michael Bingle

 

 

Title:    Managing Director

 

 

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