NAVISTAR INTERNATIONAL CORP - FORM 8-K - EX-10.1.(F) - SIDE LETTER AGREEMENT - October 28, 2009

Attached files

file filename
8-K - FORM 8-K - NAVISTAR INTERNATIONAL CORPd8k.htm
EX-1.1 - UNDERWRITING AGREEMENT FOR SENIOR NOTES - NAVISTAR INTERNATIONAL CORPdex11.htm
EX-4.2 - INDENTURE FOR CONVERTIBLE NOTES - NAVISTAR INTERNATIONAL CORPdex42.htm
EX-1.2 - UNDERWRITING AGREEMENT FOR CONVERTIBLE NOTES - NAVISTAR INTERNATIONAL CORPdex12.htm
EX-4.1 - INDENTURE FOR SENIOR NOTES - NAVISTAR INTERNATIONAL CORPdex41.htm
EX-10.1.(H) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex101h.htm
EX-10.2.(D) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex102d.htm
EX-10.1.(C) - BASE CALL OPTION TRANSACTION CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex101c.htm
EX-10.2.(C) - BASE WARRANTS CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex102c.htm
EX-10.2.(H) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex102h.htm
EX-10.1.(E) - BASE CALL OPTION TRANSACTION CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex101e.htm
EX-10.1.(G) - BASE CALL OPTION TRANSACTION CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex101g.htm
EX-10.2.(G) - BASE WARRANTS CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex102g.htm
EX-10.2.(B) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex102b.htm
EX-10.1.(D) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex101d.htm
EX-10.2.(A) - BASE WARRANTS CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex102a.htm
EX-10.2.(F) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex102f.htm
EX-10.2.(E) - BASE WARRANTS CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex102e.htm
EX-10.1.(B) - SIDE LETTER AGREEMENT - NAVISTAR INTERNATIONAL CORPdex101b.htm
EX-10.1.(A) - BASE CALL OPTION TRANSACTION CONFIRMATION - NAVISTAR INTERNATIONAL CORPdex101a.htm

Exhibit 10.1(f)

LOGO

 

      Deutsche Bank AG, London Branch
      Winchester House
      1 Great Winchester St, London
      EC2N 2DB
      Telephone: 44 20 7545 8000
     
      c/o Deutsche Bank Securities Inc.
      60 Wall Street
      New York, NY 10005
      Telephone: 212-250-2500

Internal Reference Nr: 353708

October 22, 2009

To: Navistar International Corporation

4201 Winfield Road

Warrenville, Illinois 60555

Attention: Treasurer

Telephone No.:    630-753-5000
Facsimile No.:    630-753-2305

Re: Base Call Option Transaction

DEUTSCHE BANK AG, LONDON BRANCH IS NOT REGISTERED AS A BROKER DEALER UNDER THE U.S. SECURITIES EXCHANGE ACT OF 1934. DEUTSCHE BANK SECURITIES INC. (“DBSI”) HAS ACTED SOLELY AS AGENT IN CONNECTION WITH THE TRANSACTION AND HAS NO OBLIGATION, BY WAY OF ISSUANCE, ENDORSEMENT, GUARANTEE OR OTHERWISE WITH RESPECT TO THE PERFORMANCE OF EITHER PARTY UNDER THE TRANSACTION. AS SUCH, ALL DELIVERY OF FUNDS, ASSETS, NOTICES, DEMANDS AND COMMUNICATIONS OF ANY KIND RELATING TO THIS TRANSACTION BETWEEN DEUTSCHE BANK AG, LONDON BRANCH, AND COUNTERPARTY SHALL BE TRANSMITTED EXCLUSIVELY THROUGH DEUTSCHE BANK SECURITIES INC. DEUTSCHE BANK AG, LONDON BRANCH IS NOT A MEMBER OF THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC).

Navistar International Corporation (“Counterparty”) and Deutsche Bank AG, London Branch (“Dealer”) concurrently herewith are entering into a Base Call Option Transaction (the “Transaction”) to purchase from Dealer a number of options exercisable into Shares pursuant to a letter agreement dated as of the date hereof (the “Confirmation”).

This letter agreement (the “Letter Agreement”) hereby confirms the agreement between Dealer and Counterparty as follows:

 

Chairman of the Supervisory Board: Clemens Börsig

Board of Managing Directors: Hermann-Josef Lamberti, Josef Ackermann, Dr. Hugo Banziger, Anthony Dilorio

    Deutsche Bank AG is regulated by the FSA for the conduct of designated investment business in the UK, is a member of the London Stock Exchange and is a limited liability company incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main; Branch Registration No. in England and Wales BR000005, Registered address: Winchester House, 1 Great Winchester Street, London EC2N 2DB.

1. Terms Used but Not Defined Herein. Capitalized terms used herein without definition shall have the meanings assigned to them in the Confirmation.

2. Section 6(e) Calculation for Certain Additional Termination Events. For the purposes of determining the amount payable under Section 6(e) of the Agreement in connection with any Additional Termination Event under Section 9(e)(ii) of the Confirmation only, the parties agree that any inputs used to determine such amount shall be calculated by Dealer using mid-market data, as necessary for Dealer’s own then current valuation for the Transaction.

3. Counterparts. This Letter Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if all of the signatures thereto and hereto were upon the same instrument.

4. Governing Law. The provisions of this Letter Agreement shall be governed by the New York law (without reference to choice of law doctrine).

Please confirm that the foregoing correctly sets forth the terms of our agreement by sending to us a letter or telex substantially similar to this facsimile, which letter or telex sets forth the material terms of this Letter Agreement and indicates your agreement to those terms.

Dealer is regulated by the Financial Services Authority.

DEUTSCHE BANK AG, LONDON BRANCH

 

By:

  

/s/ Lars Kestner

  Name:  

Lars Kestner

  Title:   Managing Director
By:  

/s/ Natalie Horton

  Name:   Natalie Horton
  Title:   Managing Director

DEUTSCHE BANK SECURITIES INC.,

acting solely as Agent in connection with the Transaction

By:  

/s/ Lars Kestner

  Name:  

Lars Kestner

  Title:   Managing Director
By:  

/s/ Natalie Horton

  Name:  

Natalie Horton

  Title:   Managing Director
Confirmed and Acknowledged as of the date first above written.
NAVISTAR INTERNATIONAL CORPORATION
By:  

 

  Name:  
  Title:  

 

Chairman of the Supervisory Board: Clemens Börsig

Board of Managing Directors: Hermann-Josef Lamberti, Josef

Ackermann, Tessen von Heydebreck, Dr. Hugo Banziger, Anthony

Dilorio

    Deutsche Bank AG is regulated by the FSA for the conduct of designated investment business in the UK, is a member of the London Stock Exchange and is a limited liability company incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main; Branch Registration No. in England and Wales BR000005, Registered address: Winchester House, 1 Great Winchester Street, London EC2N 2DB.

(Signature Page to Side Letter Agreement of Base Call Option Transaction)

Please confirm that the foregoing correctly sets forth the terms of our agreement by sending to us a letter or telex substantially similar to this facsimile, which letter or telex sets forth the material terms of this Letter Agreement and indicates your agreement to those terms.

Dealer is regulated by the Financial Services Authority.

DEUTSCHE BANK AG, LONDON BRANCH

 

By:  

 

  Name:  
  Title:  
By:  

 

  Name:  
  Title:  
DEUTSCHE BANK SECURITIES, INC.,

acting solely as Agent in connection with the transaction

By:  

 

  Name:  
  Title:  
By:  

 

  Name:  
  Title:  
Confirmed and Acknowledged as of the date first above written.
NAVISTAR INTERNATIONAL CORPORATION
By:  

/s/ Jim Moran

  Name:   Jim Moran
  Title:   VP & Treasurer

 

Chairman of the Supervisory Board: Clemens Börsig

Board of Managing Directors: Hermann-Josef Lamberti, Josef Ackermann, Tessen von Heydebreck, Dr. Hugo Banziger, Anthony Dilorio

    Deutsche Bank AG is regulated by the FSA for the conduct of designated investment business in the UK, is a member of the London Stock Exchange and is a limited liability company incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main; Branch Registration No. in England and Wales BR000005, Registered address: Winchester House, 1 Great Winchester Street, London EC2N 2DB.

(Signature Page to Side Letter Agreement of Base Call Option Transaction)

NAVISTAR INTERNATIONAL CORP Reports

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