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AMENDMENT AGREEMENT TO WARRANT
CONFIRMATION
THIS AMENDMENT
AGREEMENT (this “ Agreement ”) is made as of
September 25, 2009, between Deutsche Bank AG, London
Branch (“ Dealer ”) and Gaylord
Entertainment Company (“ Counterparty
”).
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).
WHEREAS, Dealer
and Counterparty are parties to a Confirmation dated as of
September 24, 2009 (the “ Confirmation ”)
evidencing a Warrant Transaction (Ref. 349579);
WHEREAS, the
parties wish to amend the Confirmation on the terms and conditions
set forth in this Agreement;
NOW, THEREFORE, in
consideration of their mutual covenants herein contained, the
parties hereto agree as follows:
Section 1.
Terms Used but Not Defined Herein . Terms used but not
defined herein shall have the respective meanings given to them in
the Confirmation.
Section 2.
Amendment to the Confirmation .
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(a)
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The
“Premium” under Exhibit B to the Confirmation
shall be replaced with USD 17,496,000.
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(b)
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The
“Number of Warrants” under Annex C shall be replaced
with 58,716 for Components 1 through 89 and 58,673 for Component
90. For the avoidance of doubt, references to the “Number of
Warrants” in the definitions of “Warrant Equity
Percentage” and “Pro Forma Foreign Ownership
Percentage” shall be construed as references to the aggregate
Number of Warrants for all unexpired Components.
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