AMENDMENT NO. 1
TO AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER, dated as of December
12, 2005 (this "Amendment"), by and among SPRINT NEXTEL CORPORATION, a Kansas
corporation ("Parent"), AHI MERGER SUB INC., a Delaware corporation ("Buyer")
and wholly owned subsidiary of Parent, and ALAMOSA HOLDINGS, INC., a Delaware
corporation (the "Company"). Capitalized terms used herein but not otherwise
defined shall have the meaning ascribed to such terms in the Merger Agreement
(as defined below).
WITNESSETH:
WHEREAS, Sprint, Buyer and Alamosa have entered into that certain
Agreement and Plan of Merger, dated as of November 21, 2005 (the "Merger
Agreement"); and
WHEREAS, the parties desire to amend certain provisions of the Merger
Agreement.
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements herein contained, and intending to be legally bound
hereby, Parent, Buyer and the Company hereby agree as follows:
ARTICLE I
AMENDMENTS
SECTION 1.1 Amendments to the Merger Agreement.
(a) The third recital of the Preamble of the Merger Agreement is
hereby amended and restated in its entirety to state as follows:
"WHEREAS, concurrently with the execution and delivery of
this Agreement, and as a condition and inducement to Parent's entering
into this Agreement, certain stockholders have entered into a
stockholders agreement, dated as of the date hereof (the "Stockholders
Agreement"), pursuant to which, among other things, such stockholders
have agreed to vote their shares of the common stock, par value $0.01
per share, of the Company ("Company Common Stock") in favor of the
Merger, subject to the terms and conditions contained therein;"
(b) Section 1.6(b) of the Merger Agreement is hereby amended and
restated in its entirety to state as follows:
"(b) All holders of Company Warrants shall be entitled to
receive the excess, if any, of the applicable Common Stock Merger
Consideration plus any cash to which such holders of Company Warrants
would receive upon exercise thereof prior to the Effective Time over
the applicable exercise price of the Company Warrant upon the
surrender of any Company Warrant to the Paying Agent in accordance
with Section 1.8(f). At the Effective Time, the Company Warrants will
be automatically exercisable for the Merger Consideration and cash (if
any) which the holder of the Company Warrant would have received
immediately after the Effective Time if the holder had exercised the
Company Warrant immediately prior to the Effective Time."
(c) Section 1.8(f) of the Merger Agreement is hereby amended and
restated in its entirety to state as follows:
"(f) Upon the surrender to the Paying Agent of an original
copy of a Company Warrant, the Paying Agent shall pay to such holder
the excess, if any, of the Common Stock Merger Consideration for each
share of Company Common Stock represented by such Company Warrant plus
any cash to which such holders of Company Warrants would have received
upon exercise thereof prior to the Effective Time over the applicable
exercise price. The procedures set forth in this Section 1.8 shall
apply to any surrender of a Company Warrant."
ARTICLE II
REPRESENTATIONS
SECTION 2.1 Parent, Buyer and Company Representations. Each of the
parties to this Amendment hereby represents to the others that (a) it has all
necessary corporate power and authority to execute and deliver this Amendment
and to consummate the transactions contemplated hereby, (b) the execution,
delivery and performance by such party of this Amendment, and the consummation
by such party of the transactions contemplated hereby, have been duly authorized
by all necessary corporate action on the part of such party and (c) this
Amendment has been duly executed and delivered by such party and, assuming the
due authorization, execution and delivery by the other parties, constitutes a
legal, valid and binding obligation of such party, enforceable against such
party in accordance with its terms, except that such enforceability (i) may be
limited by bankruptcy, insolvency, moratorium or other similar laws affecting or
relating to the enforcement of creditors' rights generally and (ii) is subject
to general principles of equity and the discretion of the court before which any
proceedings seeking injunctive relief or specific performance may be brought.
ARTICLE III
MISCELLANEOUS
SECTION 3.1 Headings. The headings contained in this Amendment are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Amendment.
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SECTION 3.2 Counterparts. This Amendment may be executed in two or
more counterparts, each of which when executed shall be deemed to be an original
but all of which shall constitute one and the same agreement.
SECTION 3.3 Governing Law. This Amendment shall be governed by and
construed in accordance with the Laws of the State of Delaware, without regard
to principles of conflicts of law thereof.
SECTION 3.4 No Other Effect on the Merger Agreement. Except as
modified by this Amendment, all of the terms of the Merger Agreement are hereby
ratified and confirmed and shall remain in full force and effect.
[Signature page follows.]
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IN WITNESS WHEREOF, the Company, Parent and Buyer and have caused this
Amendment No. 1 to Agreement and Plan of Merger to be executed as of the date
first written above by their respective officers thereunto duly authorized.
SPRINT NEXTEL CORPORATION
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President
AHI MERGER SUB INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Vice President
ALAMOSA HOLDINGS, INC.
By: /s/ Xxxxx Xxxxxxxx
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Name: Xxxxx Xxxxxxxx
Title: Chief Executive Officer