Exhibit 10.24
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NEWS AMERICA INCORPORATED,
Company,
THE NEWS CORPORATION LIMITED,
FOX BROADCASTING COMPANY,
FOX ENTERTAINMENT GROUP, INC.,
FOX TELEVISION HOLDINGS, INC.,
HARPERCOLLINS PUBLISHERS INC.,
HARPERCOLLINS (UK),
THE HERALD AND WEEKLY TIMES LIMITED,
NATIONWIDE NEWS PTY. LIMITED,
NEWS AMERICA MARKETING FSI, INC.,
NEWS GROUP NEWSPAPERS LIMITED,
NEWS INTERNATIONAL plc,
NEWS LIMITED,
NEWS PUBLISHING AUSTRALIA LIMITED,
NEWS SECURITIES B.V.,
NEWS T INVESTMENTS, INC.,
NEWS TRIANGLE FINANCE, INC.,
NEWSCORP INVESTMENTS,
NEWSCORP OVERSEAS LIMITED,
TWENTIETH CENTURY FOX FILM CORPORATION,
TWENTIETH CENTURY FOX HOME ENTERTAINMENT, INC.,
Guarantors
and
THE BANK OF NEW YORK,
Trustee
_____________________
FIRST SUPPLEMENTAL INDENTURE
Dated as of March 2, 2000
Amending and Supplementing the Indenture
Dated as of November 12, 1996
_____________________
5% Subordinated Discount Debentures due 2016
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FIRST SUPPLEMENTAL INDENTURE, dated as of March 2, 2000, among News America
Incorporated, a Delaware corporation (the "Company") with its principal office
located at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, The News
Corporation Limited, a South Australia, Australia corporation (A.C.N. 007 910
330) ("News Corporation"), Fox Broadcasting Company, Fox Entertainment Group,
Inc., Fox Television Holdings, Inc., HarperCollins Publishers Inc.,
HarperCollins (UK), The Herald and Weekly Times Limited, Nationwide News Pty.
Limited, News America Marketing FSI, Inc., News Group Newspapers Limited, News
International plc, News Limited, News Publishing Australia Limited, News
Securities B.V., News T Investments, Inc., News Triangle Finance, Inc., Newscorp
Investments, Newscorp Overseas Limited, Twentieth Century Fox Film Corporation,
Twentieth Century Fox Home Entertainment, Inc., and The Bank of New York, a New
York banking corporation (the "Trustee"), amending and supplementing the
Indenture, dated as of November 12, 1996 (the "Original Indenture"), among the
Company, the guarantors named therein (collectively, the "Guarantors") and the
Trustee, which provided for the issuance of the Company's 5% Subordinated
Discount Debentures due November 12, 2016 (the "Securities"). (The Original
Indenture as supplemented by this First Supplemental Indenture and as may
hereafter be supplemented is referred to herein as the or this "Indenture").
Capitalized terms used herein and not otherwise defined herein have the meanings
ascribed thereto in the Indenture.
RECITALS:
WHEREAS, effective December 31, 1997 two Guarantors under the Indenture,
News America Publishing Incorporated ("NAPI") and Fox, Inc. ("Fox"), were merged
into the Company and upon such merger the separate corporate existence of NAPI
and Fox ceased and the Company remained in existence as the Surviving
Corporation;
WHEREAS, effective January 2, 1998, the Company changed its name to News
America Incorporated;
WHEREAS, effective June 30, 1998, News America FSI, Inc., a Guarantor under
the Indenture, changed its name to News America Marketing FSI, Inc.; effective
August 11, 1998, Twentieth Holdings Corporation, a Guarantor under the
Indenture, changed its name to Fox Entertainment Group, Inc.; and effective
October 24, 1998, Fox Television Stations, Inc., a Guarantor under the
Indenture, changed its name to Fox Television Holdings, Inc.; and effective
January 22, 1999, Newscorp Investments Limited, a Guarantor under the Indenture,
changed its name to Newscorp Investments; and
WHEREAS, effective March 1, 1999, all of the stock of News America
Publications Inc., a Guarantor under the Indenture, was sold by News
Corporation, and upon such sale, News America Publications Inc. ceased to be a
Guarantor under Indenture; and
WHEREAS, the provisions of this First Supplemental Indenture shall not
adversely affect the interests of the Holders of Securities in any material
respect; and
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WHEREAS, the Original Indenture is subject to the provisions of the United
States Trust Indenture Act of 1939, as amended (the "TIA"), that are required to
be part of the Original Indenture and the Indenture shall, to the extent
applicable, be governed by such provisions; and
WHEREAS, the Company has duly authorized the execution and delivery of this
First Supplemental Indenture and has done all things necessary to make this
First Supplemental Indenture a valid agreement in accordance with its terms.
NOW, THEREFORE, THIS INDENTURE WITNESSETH:
For and in consideration of the premises and the purchase of the Securities
by the Holders thereof, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of Securities, as follows:
ARTICLE ONE
ORIGINAL INDENTURE
SECTION 101. Effect of Original Indenture.
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Except as specifically provided in this First Supplemental Indenture, the
Original Indenture, as heretofore supplemented and amended, shall remain in full
force and effect.
ARTICLE TWO
AMENDMENTS TO THE INDENTURE
SECTION 201. Elimination of Guarantors.
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In accordance with Section 901 of the Original Indenture, each of the
following entities is hereby eliminated as a Guarantor under the Indenture:
Name Jurisdiction of Incorporation
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Fox, Inc. Colorado
News America Publishing Incorporated Delaware
News America Publications Inc. Delaware
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SECTION 202. Change of Name of the Company and Certain Guarantors.
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In accordance with Section 901 of the Original Indenture, the name of the
Company is hereby changed to News America Incorporated, the name of News America
FSI, Inc. is hereby changed to News America Marketing FSI, Inc., the name of
Twentieth Holdings Corporation is hereby changed to Fox Entertainment Group,
Inc., the name of Fox Television Stations, Inc. is hereby changed to Fox
Television Holdings, Inc. and the name of Newscorp Investments Limited is hereby
changed to Newscorp Investments.
SECTION 203. References in the Indenture.
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By reason of the elimination of certain Guarantors pursuant to Section 201
hereof, the name change of four Guarantors pursuant to Section 202 hereof and
the continuation, as Guarantors, of the Guarantors under the Indenture, all
references in the Indenture to the "Guarantors" are hereby deemed to refer to
the following entities and all such references to each or any "Guarantor" are
hereby deemed to refer to each of such entities:
Name Jurisdiction of Incorporation
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The News Corporation Limited South Australia, Australia
Fox Broadcasting Company Delaware
Fox Entertainment Group, Inc. Delaware
Fox Television Holdings, Inc. Delaware
HarperCollins Publishers Inc. Delaware
HarperCollins (UK) England
The Herald and Weekly Times Limited Victoria, Australia
Nationwide News Pty. Limited Australian Capital
Territory, Australia
News America Marketing FSI, Inc. Delaware
News Group Newspapers Limited England
News International plc England
News Limited South Australia, Australia
News Publishing Australia Limited Delaware
News Securities B.V. Netherlands
News T Investments, Inc. Delaware
News Triangle Finance, Inc. Delaware
Newscorp Investments England
Newscorp Overseas Limited Cayman Islands,
British West Indies
Twentieth Century Fox Film Corporation Delaware
Twentieth Century Fox Home Entertainment, Inc. Michigan
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SECTION 204. Change of Definition of "Subsidiary."
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In accordance with Section 801 of the Original Indenture, the definition of
"Subsidiary" set forth in Section 101 of the Original Indenture is hereby
amended by deleting the existing definition thereof and substituting therefor
the following:
"Subsidiary" is defined as, with respect to any Person, (i) a corporation a
majority of whose capital stock with voting power, under ordinary
circumstances, to elect directors is at the time, directly or indirectly,
owned by such Person, by one or more Subsidiaries of such Person or by such
Person and one or more Subsidiaries thereof or (ii) any other Person (other
than a corporation) in which such Person, one or more Subsidiaries thereof
or such Person and one or more Subsidiaries thereof, directly or
indirectly, at the date of determination thereof has at least a majority
ownership interest and the power to direct the policies, management and
affairs thereof and shall, with respect to News Corporation and NAI,
include Fox Television Holdings, Inc. and its Subsidiaries and their
successors. For purposes of this definition, any director's qualifying
shares or investments by foreign nationals mandated by applicable law shall
be disregarded in determining the ownership of a Subsidiary.
ARTICLE THREE
MISCELLANEOUS
SECTION 301. Effect of Headings.
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The Article and Section headings herein are for convenience of reference
only and shall not effect the construction hereof.
SECTION 302. Governing Law.
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Subject to the following sentence, this First Supplemental Indenture shall
be governed by, and construed in accordance with, the laws of the State of New
York, without regard to principles of conflicts of laws. This First
Supplemental Indenture is subject to the provisions of the TIA that are required
to be part of the Original Indenture and shall, to the extent applicable, be
governed by such provisions.
SECTION 303. Counterparts.
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This First Supplemental Indenture may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental
Indenture to be duly executed as of the day and year first above written.
News America Incorporated
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Senior Executive Vice President
Executed as a Deed in New York,
New York
The News Corporation Limited,
as Guarantor
Fox Broadcasting Company,
as Guarantor
Fox Entertainment Group,
as Guarantor
Fox Television Holdings, Inc.,
as Guarantor
HarperCollins Publishers Inc.,
as Guarantor
HarperCollins (UK),
as Guarantor
The Herald and Weekly Times Limited,
as Guarantor
Nationwide News Pty. Limited,
as Guarantor
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News America Marketing FSI, Inc.,
as Guarantor
News Group Newspapers Limited,
as Guarantor
News International plc,
as Guarantor
News Limited,
as Guarantor
News Publishing Australia Limited,
as Guarantor
News Securities B.V.,
as Guarantor
News T Investments, Inc.,
as Guarantor
News Triangle Finance, Inc.,
as Guarantor
Newscorp Investments,
as Guarantor
Newscorp Overseas Limited,
as Guarantor
Twentieth Century Fox Film Corporation,
as Guarantor
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Twentieth Century Fox Home
Entertainment, Inc.,
as Guarantor
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Senior Executive Vice President,
News America Incorporated,
as Attorney for the Guarantors
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Xxx Xxxx xx Xxx Xxxx
By: /s/ Xxxxxxx Xxxxxxx
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Name: XXXXXXX XXXXXXX
Title: VICE PRESIDENT
[seal]
Attest: /s/ X.X. Xxxxxx
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STATE OF NEW YORK )
) : ss.:
COUNTY OF NEW YORK )
On this 8 day of March, 2000, before me personally appeared Xxxxxx X.
Xxxxxxx who acknowledged himself to be a Senior Executive Vice President of News
America Incorporated, and that he, as such Senior Executive Vice President,
being authorized so to do, executed the foregoing instrument for the purposes
therein contained, by signing the name of the corporation by himself as such
Senior Executive Vice President.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Notary Public /s/ Xxxxxx Xxxxxxxx
[Notarial Seal] XXXXXX X. XXXXXXXX
Notary Public, State of New York
No. 00-0000000
Qualified in Nassau County
Commission Expires Sept. 11, 0000
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XXXXX XX XXX XXXX )
) : ss.:
COUNTY OF NEW YORK )
On the 14/th/ day of March, 2000, before me personally came Xxxxxxx
Xxxxxxx, to me known, who, being by me duly sworn, did depose and say that s/he
is a Vice President of The Bank of New York, the New York banking corporation
described in and which executed the foregoing instrument by authority of the
Board of Directors of said New York banking corporation, and that s/he signed
her/his name thereto by like authority.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Notary Public /s/ Xxxxxx Xxxxxxx
XXXXXX XXXXXXX
Notary Public, State of New York
No. 4746935
Qualified in Nassau County
[Notarial Seal] Certificate Filed in New York County
Commission Expires May 31, 2001
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NEWS AMERICA INCORPORATED
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
March 2, 2000
The Bank of New York
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Corporate Trust Administration
Ladies and Gentlemen:
Reference is made to an Amended and Restated Indenture, dated as of April
8, 1993, among News America Incorporated (the "Company"), The News Corporation
Limited, as the guarantor, and you, as trustee, with respect to the Company's
Senior Subordinated Securities and Subordinated Securities. With respect
thereto, please be advised that effective January 2, 1998, the Company changed
its name from News America Holdings Incorporated to News America Incorporated.
Please acknowledge receipt of this Notice by executing the attached copy of
this letter and returning it in the enclosed envelope.
NEWS AMERICA INCORPORATED
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Senior Executive Vice President
RECEIPT ACKNOWLEDGED:
By:
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