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Match Group, Inc. – ‘10-Q’ for 6/30/21 – ‘EX-2.1’

On:  Thursday, 8/5/21, at 6:11pm ET   ·   As of:  8/6/21   ·   For:  6/30/21   ·   Accession #:  891103-21-74   ·   File #:  1-34148

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/06/21  Match Group, Inc.                 10-Q        6/30/21   69:9.9M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.19M 
 2: EX-2.1      Amendment to Share Purchase Agreement               HTML     32K 
 3: EX-10.1     First Amendment to Transition Services Agreement    HTML     29K 
 4: EX-10.2     Match Group 2021 Global Employee Stock Purchase     HTML     84K 
                Plan                                                             
 5: EX-31.1     CEO Certification Under Section 302                 HTML     24K 
 6: EX-31.2     CFO Certification Under Section 302                 HTML     24K 
 7: EX-32.1     CEO Certification Under Section 906                 HTML     21K 
 8: EX-32.2     CFO Certification Under Section 906                 HTML     21K 
15: R1          Cover Page                                          HTML     74K 
16: R2          Consolidated Balance Sheet (Unaudited)              HTML    133K 
17: R3          Consolidated Balance Sheet (Unaudited)              HTML     35K 
                (Parenthetical)                                                  
18: R4          Consolidated Statement of Operations (Unaudited)    HTML    140K 
19: R5          Consolidated Statement of Comprehensive Operations  HTML     65K 
                (Unaudited)                                                      
20: R6          Consolidated Statement of Shareholders' Equity      HTML    227K 
                (Unaudited)                                                      
21: R7          Consolidated Statement of Shareholders' Equity      HTML     27K 
                (Unaudited) (Parenthetical)                                      
22: R8          Consolidated Statement of Cash Flows (Unaudited)    HTML    133K 
23: R9          The Company and Summary of Significant Accounting   HTML     97K 
                Policies                                                         
24: R10         Income Taxes                                        HTML     30K 
25: R11         Discontinued Operations                             HTML     40K 
26: R12         Goodwill                                            HTML     29K 
27: R13         Financial Instruments                               HTML     61K 
28: R14         Long-Term Debt, Net                                 HTML    123K 
29: R15         Accumulated Other Comprehensive Loss                HTML     64K 
30: R16         Earnings Per Share                                  HTML    116K 
31: R17         Consolidated Financial Statement Details            HTML     36K 
32: R18         Contingencies                                       HTML     30K 
33: R19         Related Party Transactions                          HTML     32K 
34: R20         The Company and Summary of Significant Accounting   HTML     89K 
                Policies (Policies)                                              
35: R21         Organization, Consolidation and Presentation of     HTML     82K 
                Financial Statements (Tables)                                    
36: R22         Discontinued Operations (Tables)                    HTML     42K 
37: R23         Goodwill (Tables)                                   HTML     28K 
38: R24         Financial Instruments (Tables)                      HTML     56K 
39: R25         Long-Term Debt, Net (Tables)                        HTML    117K 
40: R26         Accumulated Other Comprehensive Loss (Tables)       HTML     63K 
41: R27         Earnings Per Share (Tables)                         HTML    115K 
42: R28         Consolidated Financial Statement Details (Tables)   HTML     52K 
43: R29         THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING   HTML     24K 
                POLICIES - Narrative (Details)                                   
44: R30         THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING   HTML     27K 
                POLICIES - Revenue Recognition (Details)                         
45: R31         THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING   HTML     37K 
                POLICIES - Schedule of Disaggregation of Revenue                 
                (Details)                                                        
46: R32         THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING   HTML    111K 
                POLICIES - Adoption of ASU 2020-06 (Details)                     
47: R33         INCOME TAXES - Narrative (Details)                  HTML     33K 
48: R34         DISCONTINUED OPERATIONS - Components of Earnings    HTML     40K 
                (Loss) (Details)                                                 
49: R35         Goodwill (Details)                                  HTML     43K 
50: R36         FINANCIAL INSTRUMENTS - Narrative (Details)         HTML     26K 
51: R37         FINANCIAL INSTRUMENTS - Assets and Liabilities      HTML     46K 
                Measured at Fair Value on a Recurring Basis                      
                (Details)                                                        
52: R38         FINANCIAL INSTRUMENTS - Carrying Value and Fair     HTML     36K 
                Value of Financial Instruments (Details)                         
53: R39         LONG-TERM DEBT, NET - Summary (Details)             HTML     63K 
54: R40         LONG-TERM DEBT, NET - Narrative (Details)           HTML    126K 
55: R41         LONG-TERM DEBT, NET - Details of Exchangeable       HTML     31K 
                Notes (Details)                                                  
56: R42         LONG-TERM DEBT, NET - If-Converted Value in Excess  HTML     29K 
                of Principal (Details)                                           
57: R43         LONG-TERM DEBT, NET - Components of Exchangeable    HTML     40K 
                Notes (Details)                                                  
58: R44         LONG-TERM DEBT, NET - Schedule of Interest          HTML     42K 
                Expense, Exchangeable Notes (Details)                            
59: R45         LONG-TERM DEBT, NET - Details of Exchangeable       HTML     37K 
                Notes Hedges and Warrants (Details)                              
60: R46         ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary      HTML     55K 
                (Details)                                                        
61: R47         EARNINGS PER SHARE - Narrative (Details)            HTML     23K 
62: R48         EARNINGS PER SHARE - Summary (Details)              HTML    130K 
63: R49         CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash,    HTML     35K 
                Cash Equivalents, and Restricted Cash (Details)                  
64: R50         CONTINGENCIES - Narrative (Details)                 HTML     42K 
65: R51         RELATED PARTY TRANSACTIONS - Narrative (Details)    HTML     48K 
67: XML         IDEA XML File -- Filing Summary                      XML    115K 
14: XML         XBRL Instance -- mtch-20210630_htm                   XML   2.43M 
66: EXCEL       IDEA Workbook of Financial Reports                  XLSX     90K 
10: EX-101.CAL  XBRL Calculations -- mtch-20210630_cal               XML    198K 
11: EX-101.DEF  XBRL Definitions -- mtch-20210630_def                XML    557K 
12: EX-101.LAB  XBRL Labels -- mtch-20210630_lab                     XML   1.43M 
13: EX-101.PRE  XBRL Presentations -- mtch-20210630_pre              XML    877K 
 9: EX-101.SCH  XBRL Schema -- mtch-20210630                         XSD    128K 
68: JSON        XBRL Instance as JSON Data -- MetaLinks              385±   537K 
69: ZIP         XBRL Zipped Folder -- 0000891103-21-000074-xbrl      Zip    583K 


‘EX-2.1’   —   Amendment to Share Purchase Agreement


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Document  
Exhibit 2.1
Amendment and Supplement No. 1
to Share Purchase Agreement

Dated:     June 17, 2021
Reference is made to that certain Share Purchase Agreement, dated as of February 10, 2021 (the “Purchase Agreement”), by and among Mr. Sangil Ahn (“Mr. Ahn”), Altos Korea Opportunity Fund, L.P. (“Altos Korea” and, together with Mr. Ahn, the “Sellers’ Representatives”), certain other selling shareholders of the Company (“Sellers”), Match Group, Inc., a corporation incorporated under the laws of the State of Delaware (“Match”), and a predecessor-in-interest to MG Korea Solutions, Co., Ltd., a joint stock company (chusik-hoesa) organized under the laws of the Republic of Korea and a subsidiary of Match (“Buyer” and, together with the Sellers’ Representatives, Sellers and Match, the “Parties”).

Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement. Unless the context requires otherwise, all references to any Sections, Schedules and Annexes are to the respective Sections, Schedules and Annexes in the Purchase Agreement.

The purpose of this Amendment and Supplement No. 1 to the Share Purchase Agreement (this “Amendment”) is to set forth certain acknowledgements and agreements among the Parties relating to the Purchase Agreement.

Each of the Sellers’ Representative (acting for itself and on behalf of all Sellers), Match and Buyer hereby acknowledges and agrees as follows:

1.    Acknowledgements. Each of the Parties acknowledges and agrees that:

(a)subject to satisfaction of all Conditions to the Closing on such date, the closing of the sale and purchase of the Sale Shares under the Purchase Agreement shall occur on June 17, 2021, Seoul Time;

(b)(i) on or around April 23, 2021, the competition authority in Spain determined not to assert jurisdiction over the Transaction, and (ii) the Non-Korean Merger Control Approval in respect of Spain has been irrevocably granted as of such date;

(c)the provisions relating to withholding on the Closing Date and the post-closing true-up relating to the Capital Gains Tax as set forth in subsections (a) and (b) of Section 3 under Annex H-1 shall apply mutatis mutandis to Securities Transaction Tax; provided that (i) the notice of the Securities Transaction Tax to be withheld at Closing shall be delivered concurrently with the notice of the Capital Gains Tax to be withheld at Closing; (ii) the amount of the Securities Transaction Tax to be withheld at Closing shall be calculated based on the closing price of a Match common share on June 8, 2021, Eastern Time; and (iii) the true-up of the Securities Transaction Tax after the Closing shall be conducted concurrently with the true-up of the Capital Gains Tax after the Closing; and



(d)each Seller that has not provided a valid and complete IRS Form W-9 or applicable IRS Form W-8 to Buyer as of the Closing (each, an “Applicable Seller”) shall provide such form to Buyer, no later than 30 days after the Closing Date, with respect to payments made to such Applicable Seller pursuant to the Purchase Agreement. The agreement of each Applicable Seller set forth in the immediately preceding sentence shall be several and not joint, and any breach of the immediately preceding sentence by any Applicable Seller shall not give rise to any liability of any other Seller hereunder or under the Purchase Agreement. Match will provide reasonable assistance to each Applicable Seller in complying with the requirements of the first sentence of this paragraph.

2.    Continued Effect. The provisions of the Purchase Agreement shall, except as amended and supplemented by this Amendment, continue in full force and effect in accordance with their terms.

3.    Miscellaneous.

(a)    Article X of the Purchase Agreement shall apply to this Amendment mutatis mutandis.

(b)    This Amendment and all disputes arising out of or in connection with this Amendment shall be governed by, interpreted under, and construed and enforceable in accordance with, the laws of the State of New York in the United States of America, without giving effect to any choice or conflict of law provision, rule or principle that would result in the application of the Laws of any jurisdiction other than the State of New York.

(c)    The term “this Agreement” and “the Agreement” and any reference to the Purchase Agreement contained in the Purchase Agreement mean and are a reference to the Purchase Agreement, as amended and supplemented by this Amendment.


[Signature pages follow]
    -2-



IN WITNESS WHEREOF, the Parties have executed or caused this Amendment to be executed as of the date first written above.

SELLERS’ REPRESENTATIVES
/s/ Sangil Ahn
Sangil Ahn


[Signature page to the Amendment and Supplement No. 1 to Share Purchase Agreement]



ALTOS KOREA OPPORTUNITY FUND, L.P.
Its: General Partner
 

By: /s/ Hodong Nam                
      Name: Hodong Nam
      Title: Managing Member


[Signature page to the Amendment and Supplement No. 1 to Share Purchase Agreement]




BUYER
MG KOREA SOLUTIONS, CO., LTD.
By:/s/ Jared Sine
Name:Jared Sine
Title:Representative Director


MATCH
MATCH GROUP, INC.
By:/s/ Jared Sine
Name:Jared Sine
Title:Chief Business Affairs and Legal Officer

[Signature page to the Amendment and Supplement No. 1 to Share Purchase Agreement]


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:8/6/21
Filed on:8/5/21
For Period end:6/30/214
6/17/214,  424B7,  8-K
6/8/21
4/23/21
2/10/218-K,  SC 13G,  SC 13G/A
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Match Group, Inc.                 10-K       12/31/23  112:12M
 2/24/23  Match Group, Inc.                 10-K       12/31/22  113:16M
 2/24/22  Match Group, Inc.                 10-K       12/31/21  118:17M
10/04/21  Match Group, Inc.                 424B5      10/01/21    1:246K                                   Toppan Merrill/FA
 9/22/21  Match Group, Inc.                 424B5                  1:239K                                   Toppan Merrill/FA


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/30/21  Match Group, Inc.                 8-K:5,8,9   4/27/21   11:344K                                   Davis Polk & … LLP 01/FA
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Filing Submission 0000891103-21-000074   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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