sc13dza
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AMKOR TECHNOLOGY, INC.
Common Stock, par value $0.001 per share
(Title of Class of Securities)
031652100
James J. Kim
1900 S. Price Road
Chandler, AZ 85286
Telephone: (480) 575-7253
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Richard D. Rosen, Esq.
Cohen & Grigsby, P.C.
11 Stanwix Street
15 th Floor
Pittsburgh, PA 15222
Telephone: 412/297-4927
See Item 1
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition
that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for
the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
Schedule 13D/A
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1 |
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NAMES OF REPORTING PERSONS.
James J. Kim |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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Not applicable |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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27,933,374 shares |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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- 0 - |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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27,933,374 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
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27,933,374 shares of common stock |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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14.875089% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
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1 |
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NAMES OF REPORTING PERSONS.
Agnes C. Kim |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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Not applicable |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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23 shares |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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- 0 - |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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23 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
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23 shares of common stock |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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0% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
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1 |
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NAMES OF REPORTING PERSONS.
John T. Kim |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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Not applicable |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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16,668 shares |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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- 0 - |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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16,668 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
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16,668 shares of common stock |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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0.00917% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
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1 |
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NAMES OF REPORTING PERSONS.
David D. Kim, as Trustee |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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See Item 3 |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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14,457,344 shares |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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2,698,513 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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14,457,344 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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2,698,513 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
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17,155,857 shares of common stock |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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9.3679% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
|
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|
|
1 |
|
NAMES OF REPORTING PERSONS.
John T. Kim, as Trustee |
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|
|
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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|
3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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See Item 3 |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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|
o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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United States of America
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7 |
|
SOLE VOTING POWER |
|
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NUMBER OF |
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14,457,344 shares |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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24,441,078 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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14,457,344 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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24,441,078 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
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38,898,422 shares of common stock |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
|
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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20.49332% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
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1 |
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NAMES OF REPORTING PERSONS.
Susan Y. Kim, as Trustee |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
|
(b) o |
|
|
|
3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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See Item 3 |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
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|
o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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|
United States of America
|
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|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
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6,257,344 shares |
|
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|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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23,105,965 shares |
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EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
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|
PERSON |
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6,257,344 shares |
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WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
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23,105,965 shares |
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11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
30,698,422 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
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|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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|
15.57941% |
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|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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IN |
Schedule 13D/A
|
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|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
David D. Kim Trust of 12/31/87 |
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|
|
|
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2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
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(a) þ |
|
(b) o |
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|
|
3 |
|
SEC USE ONLY |
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|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
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|
o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION. |
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|
Commonwealth of Pennsylvania
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7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
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14,457,344 shares |
|
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|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
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|
OWNED BY |
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- 0 - |
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EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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14,457,344 shares |
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WITH |
10 |
|
SHARED DISPOSITIVE POWER |
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|
- 0 - |
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|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
14,457,344 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
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|
o
|
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|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
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|
7.95235% |
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14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
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|
OO |
Schedule 13D/A
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1 |
|
NAMES OF REPORTING PERSONS.
John T. Kim Trust of 12/31/87 |
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|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
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|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
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|
Not applicable |
|
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5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
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|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
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|
Commonwealth of Pennsylvania
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|
|
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|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
14,457,344 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
14,457,344 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
14,457,344 shares of the common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
7.95235% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
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|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Susan Y. Kim Trust of 12/31/87 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
6,257,344 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
6,257,344 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
6,257,344 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
3.44189% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Alexandra Kim Panichello |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
2,733,334 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
2,733,334 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
2,733,334 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
1.50349% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Jacqueline Mary Panichello |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
2,733,333 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
2,733,333 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
2,733,333 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
1.50349% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Dylan James Panichello |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
2,733,333 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
2,733,333 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
2,733,333 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
1.50349% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim for Jacqueline Mary Panichello dated 10/3/94 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,345,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,345,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,345,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.73449% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim for Alexandra Kim Panichello dated 12/24/92 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,345,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,345,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,345,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.73449% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim for Dylan James Panichello dated 10/15/01 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,345,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,345,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,345,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.73449% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim for Allyson Lee Kim dated 10/15/01 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,345,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,345,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,345,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.73449% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim for Jason Lee Kim dated 11/17/03 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,345,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,345,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,345,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.73449% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
Irrevocable Deed of Trust of James J. Kim f/b/o Children of David D. Kim dated 11/11/05 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
Not applicable |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,335,113 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,335,113 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,335,113 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.72903% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
James J. Kim 2008 Trust FBO Alexandra Kim Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
See Item 3 |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,363,400 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,363,400 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON. |
|
|
|
1,363,400 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). |
|
|
|
0.74995% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
See Item 3 |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,363,400 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,363,400 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON. |
|
|
|
1,363,400 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11). |
|
|
|
0.74995% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
See Item 3 |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,363,400 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,363,400 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON. |
|
|
|
1,363,400 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11). |
|
|
|
0.74995% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
James J. Kim 2008 Trust FBO Descendants of John T. Kim dated 2/5/08 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
See Item 3 |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
[Commonwealth of Pennsylvania]
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
2,726,800 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
2,726,800 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON. |
|
|
|
2,726,800 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11). |
|
|
|
1.49989% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS.
James J. Kim 2008 Trust FBO Descendants of David D. Kim dated 2/5/08 |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) þ |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS). |
|
|
|
See Item 3 |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION. |
|
|
|
Commonwealth of Pennsylvania
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
1,363,400 shares |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
- 0 - |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
1,363,400 shares |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
- 0 - |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON. |
|
|
|
1,363,400 shares of common stock |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11). |
|
|
|
0.74995% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS). |
|
|
|
OO |
Schedule 13D/A
TABLE OF CONTENTS
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 (the Amendment) amends the Statement on Schedule 13D filed with the
Securities and Exchange Commission (the Commission) on November 28, 2005 by the reporting persons
who then constituted the Group and relates to the common stock, $0.001 par value per share (the
Common Stock), of Amkor Technology, Inc., a Delaware corporation (Amkor or the Issuer). The
principal executive offices of Amkor are located at 1900 South Price
Road, Chandler, Arizona 85286.
This Amendment is being filed to report: (i) the formation and addition of the 2008 Trusts
(defined in Item 3 below) as members of the filing group; and (ii) the sale to the 2008 Trusts on
February 11, 2008 by Agnes C. Kim of 8,180,400 shares of Common Stock in a private transaction at a
price per share of $8.255. There is no change in the aggregate beneficial ownership of the shares
of Common Stock owned by members of the filing group as a result of these transactions which
resulted in the transfer of beneficial ownership of 8,180,400 shares of Common Stock from Agnes C.
Kim to John Kim, Susan Kim and/or David Kim in their capacities as trustees of the 2008 Trusts (in
the case of David Kim solely of the 2008 Trust which is for the benefit of his descendants).
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Amendment is being filed by the Group and separately by each of the following
persons comprising the Group:
|
i. |
|
James J. Kim |
|
|
ii. |
|
Agnes C. Kim |
|
|
iii. |
|
John T. Kim |
|
|
iv. |
|
David D. Kim, as Trustee |
|
|
v. |
|
John T. Kim, as Trustee |
|
|
vi. |
|
Susan Y. Kim, as Trustee |
|
|
vii. |
|
David D. Kim Trust of 12/31/87 |
|
|
viii. |
|
John T. Kim Trust of 12/31/87 |
|
|
ix. |
|
Susan Y. Kim Trust of 12/31/87 |
|
|
x. |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Alexandra
Kim Panichello |
|
|
xi. |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Jacqueline Mary Panichello |
|
|
xii. |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Dylan James Panichello |
|
|
xiii. |
|
Irrevocable Deed of Trust of James J. Kim for Jacqueline Mary Panichello dated 10/3/94 |
|
|
xiv. |
|
Irrevocable Deed of Trust of James J. Kim for Alexandra Kim Panichello dated 12/24/92 |
|
|
xv. |
|
Irrevocable Deed of Trust of James J. Kim for Dylan James Panichello dated 10/15/01 |
|
|
xvi. |
|
Irrevocable Deed of Trust of James J. Kim for Allyson Lee Kim dated 10/15/01 |
|
|
xvii. |
|
Irrevocable Deed of Trust of James J. Kim for Jason Lee Kim dated 11/17/03 |
Schedule 13D/A
|
xviii. |
|
Irrevocable Deed of Trust of James J. Kim f/b/o Children of David D. Kim dated
11/11/05 |
|
|
xix. |
|
James J. Kim 2008 Trust FBO Alexandra Kim Panichello and Descendants dated 2/5/08 |
|
|
xx. |
|
James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants dated 2/5/08 |
|
|
xxi. |
|
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants dated 2/5/08 |
|
|
xxii. |
|
James J. Kim 2008 Trust FBO Descendants of John T. Kim dated 2/5/08 |
|
|
xxiii. |
|
James J. Kim 2008 Trust FBO Descendants of David D. Kim dated 2/5/08 |
(b) The principal business address for the natural persons listed above, who are all members
of the Kim family (the Kim Family), and for the trusts for the members of the Kim Family listed
above and their descendants (the Kim Trusts) is 1900 S. Price Road, Chandler, AZ 85286.
(c) Attached as Schedule I hereto and incorporated herein by reference is a list containing
(a) the present principal occupation or employment and (b) the name, principal business, and
address of any corporation or other organization in which such employment is conducted, of each
member of the Kim Family. The principal business of the Kim Trusts is purchasing, holding, and
selling securities and other assets for investment purposes.
(d) During the last five years, none of the Reporting Persons has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) For each Reporting Person, the response to Row 6 on the cover page, indicating the
citizenship or place of organization of such person, is incorporated herein by reference.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On February 11, 2008, the James J. Kim 2008 Trust FBO Alexandra Kim Panichello and
Descendants, the James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants, the James
J. Kim 2008 Trust FBO Dylan James Panichello and Descendants, the James J. Kim 2008 Trust FBO
Descendants of John T. Kim and the James J. Kim 2008 Trust FBO Descendants of David D. Kim (the
2008 Trusts) acquired an aggregate of 8,180,400 shares of Common Stock from Agnes C. Kim in a
private transaction at a price per share of $8.255. The 2008 Trusts purchased the shares by
issuing promissory notes maturing on February 10, 2011 and bearing interest at an annual rate of
3.11% payable to Agnes C. Kim in an aggregate principal amount equal to 100% of the acquisition
price. Of the 8,180,400 shares acquired, the James J. Kim 2008 Trust FBO Alexandra Kim Panichello
and Descendants, the James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants, the
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants and the James J. Kim 2008 Trust
FBO Descendants of David D. Kim each acquired 1,363,400 shares and the James J. Kim 2008 Trust FBO
Descendants of John T. Kim acquired 2,726,800 shares. James J. Kim has provided Agnes C. Kim a
limited guarantee equal to 20% of the face amount of each promissory note. The 2008 Trusts pledged
the purchased shares to Agnes C. Kim as collateral for the promissory notes.
ITEM 4. PURPOSE OF TRANSACTION.
Each of the 2008 Trusts has purchased the shares of Common Stock from Agnes C. Kim for
investment purposes for the benefit of its respective beneficiaries.
-22-
Schedule 13D/A
The Reporting Persons intend to review on a continuing basis their investment in the Issuer.
The Reporting Persons may decide to increase or decrease their investment in the Issuer depending
upon the price and availability of the Issuers securities, subsequent developments affecting the
Issuer, the Issuers business and prospects, other investment and business opportunities available
to the Reporting Persons, general stock market and economic conditions, tax considerations and
other factors.
Other than as described above, none of the Reporting Persons has any plans or proposals that
relate to or would result in any of the actions described in Item 4 of this Schedule 13D/A
(although they reserve the right to develop such plans).
ITEM
5. INTEREST IN SECURITIES OF THE ISSUER.
1. (a) The response to Row 11 in each Reporting Persons cover page, indicating the aggregate
number and percentage of shares of Common Stock beneficially owned by each Reporting Person, is
incorporated herein by reference. The ownership percentages were calculated based on 181,799,564
outstanding shares of Common Stock, as reported in filings with the Securities and Exchange
Commission as of January 31, 2008. Each Reporting Person states that the filing of this Schedule
13D shall not be construed as an admission that such Reporting Person is, for the purposes of
Section 13(d) or 13(g) of the Securities Act of 1933, as amended, the beneficial owner of the
shares of Common Stock reported as beneficially owned by the other Reporting Persons in this
Schedule 13D. The total number of shares which are beneficially owned by the members of the Group
as a group is 87,563,175, or 44.71761% of the outstanding shares of common stock. The number of
shares beneficially owned by the Group includes 662,918 shares which may be acquired pursuant to
options that are exercisable within 60 days and 13,351,132 shares that are issuable upon the
conversion of notes that are convertible at any time prior to their December 1, 2013 maturity date.
(b) For each Reporting Person, the response to Row 7 on the cover page, indicating the number
of shares as to which such person has the sole power to vote or to direct the vote, is incorporated
herein by reference.
For each Reporting Person, the response to Row 8 on the cover page, indicating the aggregate
number of shares as to which such person has shared power to vote or to direct the vote, is
incorporated herein by reference.
For each Reporting Person, the response to Row 9 on the cover page, indicating the number of
shares as to which such person has the sole power to dispose or to direct the disposition, is
incorporated herein by reference.
For each Reporting Person, the response to Row 10 on the cover page, indicating the number of
shares as to which such person has the shared power to vote or to direct the vote, is incorporated
herein by reference.
(c) See Items and 3 and 4 above.
(d) Not applicable.
(e) Not applicable.
ITEM
6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Each of the individuals and trusts listed in Item 2(a) (previously defined as the Group) may
be deemed a member of a group consisting of members of James J. Kims family and trusts established
for the benefit of James J. Kims children and grandchildren, who each exercise voting or
investment power with respect to shares of the Issuers Common Stock in concert with other members
of the Group.
The trust agreements for certain of the trusts listed in this filing authorize the trustees of
the trusts to vote the shares of Common Stock of the Issuer held by them, in their discretion, in
concert with members of the Kim Family. James J. Kim and Agnes C. Kim are the parents of Susan Y.
Kim, David D. Kim and John T. Kim. Susan
-23-
Schedule 13D/A
Y. Kim is the parent of Alexandra Kim Panichello, Jacqueline Mary Panichello and Dylan James
Panichello. John T. Kim is the parent of Allyson Lee Kim and Jason Lee Kim.
The 8,180,400 shares held by the 2008 Trusts have been pledged to Agnes C. Kim as collateral
for the promissory notes issued to purchase such shares. If an event of default with respect to
any of the promissory notes occurs, which may include failure to make note payments when due,
default in a payment of other borrowed money, distribution of a substantial part of a trusts
property, judgments exceeding $25,000 being entered against a trust or the value of the shares
purchased by a trust dropping to less than 75% of their purchase price, Agnes C. Kim may declare
any such promissory note in default and acquire voting and investment power with respect to the
shares pledged as collateral.
ITEM
7. MATERIAL TO BE FILED AS EXHIBITS.
The following documents are filed as exhibits:
|
|
|
Exhibit |
|
|
Number |
|
Exhibit Name |
1
|
|
Amended and Restated Agreement regarding joint filing |
|
|
|
2
|
|
Form of Term Promissory Notes dated February 11, 2008 |
|
|
|
3
|
|
Form of Limited Guaranty Agreements dated February 11, 2008 |
|
|
|
4
|
|
Form of Pledge and Security Agreements dated February 11, 2008 |
-24-
Schedule 13D/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Dated:
April 4, 2008
|
|
|
|
|
|
/s/ James J. Kim
James J. Kim
|
|
|
|
|
|
/s/ Agnes C. Kim
Agnes C. Kim
|
|
|
|
|
|
/s/ John T. Kim
John T. Kim
|
|
|
|
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
|
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
David D. Kim Trust of 12/31/87 |
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
|
|
|
|
|
John T. Kim Trust of 12/31/87 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Susan Y. Kim Trust of 12/31/87 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Alexandra Kim Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Jacqueline Mary Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
-25-
Schedule 13D/A
|
|
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Dylan James Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Jacqueline Mary Panichello dated 10/3/94 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Alexandra Kim Panichello dated 12/24/92 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Dylan James Panichello dated 10/15/01 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Allyson Lee Kim dated 10/15/01 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Jason Lee Kim dated 11/17/03 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim f/b/o Children of David D. Kim dated 11/11/05 |
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Alexandra Kim Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
-26-
Schedule 13D/A
|
|
|
|
|
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Descendants of John T. Kim dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Descendants of David D. Kim dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
-27-
Schedule 13D/A
SCHEDULE I
ITEM 2. Name of Person Filing
James J. Kim
|
(a) |
|
Present principal occupation or employment:
Chairman and CEO of Issuer |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
ITEM 2. Name of Person Filing
Agnes C. Kim
|
(a) |
|
Present principal occupation or employment:
Private Investor |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
ITEM 2. Name of Person Filing
John T. Kim
|
(a) |
|
Present principal occupation or employment:
Private investor |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
ITEM 2. Name of Person Filing
David D. Kim, as Trustee
|
(a) |
|
Present principal occupation or employment:
Private investor |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
ITEM 2. Name of Person Filing
Susan Y. Kim, as Trustee
|
(a) |
|
Present principal occupation or employment:
Private Investor |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
Schedule 13D/A
ITEM 2. Name of Person Filing
John T. Kim, as Trustee
|
(a) |
|
Present principal occupation or employment: |
|
|
(b) |
|
Address of Principal Business Office, or if none,
Residence
1900 S. Price Road, Chandler, AZ 85286 |
-29-
Schedule 13D/A
EXHIBIT INDEX
|
|
|
Exhibit |
|
|
Number |
|
Exhibit Name |
|
|
|
1
|
|
Amended and Restated Agreement regarding joint filing |
|
|
|
2
|
|
Form of Term Promissory Notes dated February 11, 2008 |
|
|
|
3
|
|
Form of Limited Guaranty Agreements dated February 11, 2008 |
|
|
|
4
|
|
Form of Pledge and Security Agreements date February 11, 2008 |
-30-
EXHIBIT 1
This Amended and Restated Agreement made by the undersigned persons certifies that each undersigned
person agrees that the statement on Schedule 13D/A, and all amendments thereto, to which this
Exhibit I is attached is filed on behalf of each of them and the Group. The Group (as defined in
Rule 13d-5(b)) may be deemed to be composed of the following persons:
o |
|
James J. Kim |
|
o |
|
Agnes C. Kim |
|
o |
|
John T. Kim |
|
o |
|
David D. Kim, as Trustee |
|
o |
|
John T. Kim, as Trustee |
|
o |
|
Susan Y. Kim, as Trustee |
|
o |
|
David D. Kim Trust of 12/31/87 |
|
o |
|
John T. Kim Trust of 12/31/87 |
|
o |
|
Susan Y. Kim Trust of 12/31/87 |
|
o |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Alexandra Kim Panichello |
|
o |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Jacqueline Mary
Panichello |
|
o |
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Dylan James Panichello
|
|
o |
|
Irrevocable Deed of Trust of James J. Kim for Jacqueline Mary Panichello dated
10/3/94 |
|
o |
|
Irrevocable Deed of Trust of James J. Kim for Alexandra Kim Panichello dated
12/24/92 |
|
o |
|
Irrevocable Deed of Trust of James J. Kim for Dylan James Panichello dated 10/15/01
|
|
o |
|
Irrevocable Deed of Trust of James J. Kim for Allyson Lee Kim dated
10/15/01 |
|
o |
|
Irrevocable Deed of Trust of James J. Kim for Jason Lee Kim dated
11/17/03 |
|
o |
|
Irrevocable Deed of Trust of James J. Kim f/b/o Children of David D. Kim dated
11/11/05 |
|
o |
|
James J. Kim 2008 Trust FBO Alexandra Kim Panichello and Descendants dated 2/5/08 |
|
o |
|
James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants dated 2/5/08 |
|
o |
|
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants dated 2/5/08 |
|
o |
|
James J. Kim 2008 Trust FBO Descendants of John T. Kim dated 2/5/08 |
|
o |
|
James J. Kim 2008 Trust FBO Descendants of David D. Kim dated 2/5/08 |
Each undersigned further agrees the information as it pertains to each undersigned is accurate and
complete and that each undersigned has no knowledge or reason to believe that information as it
relates to the other persons making this filing is inaccurate.
Dated:
March 19, 2008
|
|
|
|
|
|
/s/ James J. Kim
James J. Kim
|
|
|
|
|
|
/s/ Agnes C. Kim
Agnes C. Kim
|
|
|
|
|
|
/s/ John T. Kim |
|
|
|
|
|
|
/s/ David D. Kim |
|
|
|
|
|
|
/s/ John T. Kim |
|
|
|
|
|
|
/s/ Susan Y. Kim |
|
|
|
|
|
|
|
|
David D. Kim Trust of 12/31/87
|
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
|
|
|
|
|
John T. Kim Trust of 12/31/87 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Susan Y. Kim Trust of 12/31/87 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Alexandra Kim Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Jacqueline Mary Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Trust of Susan Y. Kim dated 4/16/98 for the benefit of Dylan James Panichello |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Jacqueline Mary Panichello dated 10/3/94 |
|
|
|
|
|
|
|
By: |
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Alexandra Kim Panichello dated 12/24/92 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Dylan James Panichello dated 10/15/01 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Allyson Lee Kim dated 10/15/01 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim for Jason Lee Kim dated 11/17/03 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
Irrevocable Deed of Trust of James J. Kim f/b/o Children of David D. Kim dated 11/11/05 |
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Alexandra Kim Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Jacqueline Mary Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Dylan James Panichello and Descendants dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ Susan Y. Kim
Susan Y. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Descendants of John T. Kim dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ John T. Kim
John T. Kim, as Trustee
|
|
|
|
|
|
|
|
James J. Kim 2008 Trust FBO Descendants of David D. Kim dated 2/5/08 |
|
|
|
|
|
|
|
By:
|
|
/s/ David D. Kim
David D. Kim, as Trustee
|
|
|
EXHIBIT 2
THIS NOTE WILL NOT BE REGISTERED UNDER THE U.S. FEDERAL SECURITIES ACT OF 1933, AS AMENDED (THE
SECURITIES ACT), OR ANY U.S. STATES SECURITIES LAWS (COLLECTIVELY WITH THE SECURITIES ACT, THE
ACTS). THE NOTE MAY NOT BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO
U.S. PERSONS UNLESS IT IS INCLUDED IN AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACTS OR AN
EXEMPTION FROM REGISTRATION IS AVAILABLE.
FORM OF TERM PROMISSORY NOTE
For value received, the James J. Kim 2008 Trust FBO _, established pursuant to
a Trust Agreement dated February 5, 2008 (the Trust or the Maker), intending to be legally
bound, promises to pay to the order of Agnes C. Kim (the Holder), on or before February 10, 2011
(the Maturity Date), the principal sum of MILLION HUNDRED THOUSAND
HUNDRED and ___/100 DOLLARS ($ ), with interest on the outstanding
principal balance from the date hereof at the interest rate specified below.
1. The unpaid principal balance of this Note shall bear interest at the annual rate of 3.11%.
Interest on the outstanding balance shall be payable annually on the anniversary of the date
hereof.
2. The entire unpaid principal amount of this Note, together with any accrued interest, is
payable in full on February 10, 2011, subject to prior prepayment or acceleration as provided
herein.
3. The Maker may prepay the outstanding accrued interest or principal amount of this Note in
whole or in part at any time without penalty. Payments under this Note, including amounts
designated as prepayments, will be applied first to accrued interest and other charges and then to
principal.
4. The Maker agrees to pay all reasonable costs and expenses incurred by the Holder in
enforcing collection of this Note, including reasonable attorneys fees and court costs.
5. All payments must be made to the Holder in immediately available U.S. funds at the Holders
address specified in Section 10 or to such other person or address as the Holder may communicate to
the Maker by giving five business days prior written notice.
6. The occurrence or existence of one or more of the following events or conditions (whatever
the reason for such event or condition and whether voluntary, involuntary or effected by operation
of law) shall constitute an Event of Default under this Note:
|
(a) |
|
The Maker shall fail to pay any amount payable pursuant to this Note when due
and such failure to pay shall continue for a period which is ten (10) days after the
Holder shall have given written notice to the Maker of such failure; |
-1-
|
(b) |
|
The Maker (i) defaults (as principal or as guarantor or other surety) in any
payment of principal of or interest on any obligation for borrowed money or (ii)
defaults in the observance of any covenant, term or condition contained in any
agreement or instrument by which such obligation is created, secured or evidenced if
the effect of such default is to cause, or to permit the holder or holders of such
obligation (or a trustee or agent on behalf of such holder or holders) to cause, all or
part of such obligation to become due before its or their otherwise stated maturity; |
|
|
(c) |
|
The existence of the Maker terminates or any substantial part of its property
is distributed, or the Maker takes any action in furtherance of either of the
foregoing; |
|
|
(d) |
|
The Maker breaches any term, provision or covenant made in this Note or any
term, provision or covenant of the Maker under that certain Stock Purchase Agreement
between the Maker and the Holder dated as of the date hereof (the Purchase
Agreement); |
|
|
(e) |
|
One or more judgments for the payment of money are entered against the Maker,
which judgment or judgments exceed $25,000 in the aggregate, and such judgment or
judgments remain undischarged and unstayed for a period of 60 consecutive days; |
|
|
(f) |
|
A writ or warrant of attachment, garnishment, execution, distraint or similar
process is issued against the Maker or any of its properties which remains undischarged
and unstayed for a period of 60 consecutive days; |
|
|
(g) |
|
The value of the Sale Shares (as defined in the Purchase Agreement) shall at
any time and from time to time, decrease by more than 25% from the value of the Sale
Shares on the date hereof; |
|
|
(h) |
|
A proceeding is instituted against the Maker seeking a declaration or order for
relief, or entailing a finding that the Maker is insolvent or bankrupt, or seeking the
appointment of a receiver, trustee, custodian, liquidator, sequestrator or similar
official for the Maker or any of its properties or assets, and such proceeding results
in the making, entry or grant of any such declaration, order, finding, relief or
appointment, or such proceeding remains undismissed and unstayed for a period of 60
consecutive days; or |
|
|
(i) |
|
The Maker becomes insolvent or bankrupt, becomes generally unable to pay its
debts as they become due, makes a general assignment for the benefit of creditors,
institutes a proceeding described in subsection (g) above, consents to any such
declaration, order, finding, relief or appointment described in subsection (g) above or
takes any action in furtherance of any of the foregoing. |
If an Event of Default specified in clauses (a), (b), (d), (e), (f) or (g) occurs and
continues to exist, the Holder may declare this Note and all sums due hereunder to be
immediately due and payable. Upon the occurrence of an Event of Default described in clauses
(c), (h) or (i) above, this Note and all sums due hereunder shall be automatically and immediately
due and payable.
-2-
7. Negative Covenants.
|
(a) |
|
Debt. The Maker will not at any time create, incur, assume or permit
to exist any indebtedness other the indebtedness evidenced by this Note and
indebtedness for amounts not exceeding the interest on this Note, which additional
indebtedness is guaranteed by James J. Kim. |
|
|
(b) |
|
Liens. The Maker will not create, incur, assume or permit to exist any
lien or encumbrance on any of its respective assets, now owned or hereafter acquired,
except for those in favor of the Holder. |
|
|
(c) |
|
Guarantees. The Maker will not create, incur, assume or permit to
exist any guarantee of indebtedness except for those in favor of the Holder or the
Maker. |
|
|
(d) |
|
Loans and Investments. The Maker will not at any time make or permit
to remain outstanding any loan or advance to, or any investment in, any other person,
or agree, become or remain liable to do any of the foregoing, except: (A) the Maker may
make and own investments in (i) marketable direct obligations issued or unconditionally
guaranteed by the United States Government or issued by any agency thereof and backed
by the full faith and credit of the United States, in each case maturing within one
year from the date of acquisition thereof, (ii) commercial paper maturing no more than
one year from the date issued and, at the time of acquisition, having a rating of at
least A-1 from Standard & Poors Corporation or at least P 1 from Moodys Investors
Service, Inc., (iii) certificates of deposit or bankers acceptances maturing within
one year from the date of issuance thereof issued by, or overnight reverse repurchase
agreements from, any commercial bank organized under the laws of the United States of
America or any state thereof or the District of Columbia having combined capital and
surplus of not less than $500,000,000, (iv) time deposits maturing no more than 30 days
from the date of creation thereof with commercial banks having membership in the
Federal Deposit Insurance Corporation in amounts not exceeding the lesser of $100,000
or the maximum amount of insurance applicable to the aggregate amount of the Borrowers
and their Subsidiaries deposits at such institution, (v) deposits or investments in
mutual or similar funds offered or sponsored by brokerage or other companies having
membership in the Securities Investor Protection Corporation in amounts not exceeding
the lesser of $100,000 or the maximum amount of insurance applicable to the aggregate
amount of the Makers deposits at such institution; provided, that such investments are
not subject to setoff rights in favor of the issuing bank arising from any banking
relationship with the Maker and (vi) the Maker may own the Sale Shares (as defined in
the Purchase Agreement); and (B) the Maker may make investments, other than those
described in subsection (A) above, not to exceed $100,000.00, in the aggregate without
the Holders written consent. |
|
|
(e) |
|
Disposition of Assets. The Maker will not sell or otherwise dispose of
more than 20% of the value of its assets on the date hereof, in the aggregate during
any twelve-month period. |
-3-
8. THE MAKER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE PROTHONOTARY OR
CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME FOR THE
MAKER AFTER THE OCCURRENCE OF AN EVENT OF DEFAULT UNDER THIS NOTE, AND WITH OR WITHOUT COMPLAINT
FILED, AS OF ANY TERM, CONFESS OR ENTER JUDGMENT AGAINST THE MAKER FOR THE ENTIRE PRINCIPAL BALANCE
OF THIS NOTE AND ALL ACCRUED INTEREST, TOGETHER WITH COSTS OF SUIT AND REASONABLE ATTORNEYS FEES
FOR COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS ($500); AND FOR SO DOING, THIS
NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT TO WARRANT. THE AUTHORITY
GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST THE MAKER SHALL NOT BE EXHAUSTED BY ANY EXERCISE
OF THAT AUTHORITY, BUT SHALL CONTINUE FROM TIME TO TIME AND AT ALL TIMES UNTIL PAYMENT IN FULL OF
ALL AMOUNTS DUE UNDER THIS NOTE.
MAKER HEREBY IRREVOCABLY WAIVES AND RELEASES ALL ERRORS IN SAID PROCEEDINGS AND IN THE ENTRY
OF ANY JUDGMENT RESULTING THEREFROM, STAY OF EXECUTION, THE RIGHT OF INQUISITION AND EXTENSION OF
TIME OF PAYMENT.
MAKER EXPRESSLY AUTHORIZES THE ENTRY OF REPEATED JUDGMENTS UNDER THESE PARAGRAPHS
NOTWITHSTANDING ANY PRIOR ENTRY OF JUDGMENT IN THE SAME OR ANY OTHER COURT FOR THE SAME OBLIGATION
OR ANY PART THEREOF. MAKER FURTHER EXPRESSLY AUTHORIZES HOLDER TO EXECUTE ON ANY JUDGMENT OBTAINED
AS PROVIDED ABOVE BY ANY LEGAL MEANS, INCLUDING WITHOUT LIMITATION BY SEIZING PROPERTY OF MAKER.
MAKER EXPRESSLY ACKNOWLEDGES THAT THIS IS A COMMERCIAL TRANSACTION, THAT THE FOREGOING
PROVISIONS FOR CONFESSION OF JUDGMENT HAVE BEEN READ, UNDERSTOOD AND VOLUNTARILY AGREED TO BY MAKER
AND REVIEWED WITH MAKERS COUNSEL AND THAT BY AGREEING TO SUCH PROVISIONS MAKER IS WAIVING
IMPORTANT LEGAL RIGHTS, INCLUDING ANY RIGHT TO NOTICE OR A HEARING WHICH MIGHT OTHERWISE BE
REQUIRED BEFORE ENTRY OF JUDGMENT HEREUNDER, THE EXECUTION ON ANY SUCH JUDGMENT OR THE SEIZING OF
MAKERS PROPERTY IN CONNECTION WITH ANY SUCH EXECUTION.
9. To the extent permitted by applicable law, the Maker (a) waives diligence, presentment for
payment, protest and notice of nonpayment, dishonor, default and acceleration and (b) waives and
releases the Holder and her attorneys from all errors, defects and imperfections in any proceeding
instituted or maintained by the Holder hereunder. All amounts
payable in respect of this Note shall be paid without counterclaim, set-off, deduction,
defense, suspension or deferment.
-4-
10. This Note may be amended only by a writing signed by the Maker and the Holder. The rights
and remedies of the Holder are cumulative and not exclusive of any rights or remedies which the
Holder would otherwise have. No single or partial exercise of any right or remedy by the Holder,
and no discontinuance of steps to enforce any right or remedy, will preclude any further exercise
thereof or of any other right or remedy. The due performance or observance by the Maker of its
obligations hereunder shall not be waived, and the rights and remedies of the Holder hereunder
shall not be affected, by any course of dealing or performance or by any delay or failure of the
Holder in exercising any such right or remedy. The due performance or observance by the Maker of
its obligations hereunder may be waived only by a writing signed by the Holder, and any such waiver
shall be effective only to the extent specifically set forth in such writing.
11. All notices, demands, payments and other communications shall be:
|
a. |
|
in writing; |
|
|
b. |
|
sent by messenger, certified or registered U.S. mail, a
reliable express delivery service or fax (with a copy sent by one of the
foregoing means), charges prepaid as applicable, to the appropriate address(es)
or number(s) set forth below; and |
|
|
c. |
|
deemed to have been given on the date of receipt by the
addressee (or, if the date of receipt is not a business day, on the first
business day after the date of receipt), as evidenced by (i) a receipt executed
by the addressee (or a responsible person at her or its address, as
applicable), the records of the person delivering the communication or a notice
to the effect that the addressee refused to claim or accept the communication,
if sent by messenger, U.S. mail or express delivery service, or (ii) a receipt
generated by the senders fax machine showing that the communication was sent
to the appropriate number on a specified date, if sent by fax machine. |
All communications shall be sent to the following addresses or numbers, or to such other addresses
or numbers as either party may communicate to the other by giving five business days prior notice:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
If to the Maker:
|
|
|
|
If to the Holder:
|
|
|
|
|
|
|
|
|
|
[Name and address of Trust]
|
|
|
|
[Name and address of Maker] |
|
|
|
|
|
|
|
|
|
Fax No.: (___) ___
|
|
|
|
Fax No.: (___) ___ |
|
|
12. The successors and assigns of the Maker shall be bound by the terms of this Note; the
rights and privileges of the Holder under this Note shall inure to the benefit of her heirs,
personal representatives, legal representatives, administrators and assigns.
13. The Maker acknowledges and agrees that this Note is issued on a full recourse basis to the
Holder, and, as such, upon the occurrence of an Event of Default, the Holder shall
-5-
have recourse to
all of the assets of the Maker. Notwithstanding the foregoing, the Holder shall have no recourse
against the trustees of the Trust, who shall have no personal liability as a result of the issuance
of this Note by the Trust or the occurrence of an Event of Default.
14. If any provision of this Note shall for any reason be held invalid or unenforceable, such
invalidity or unenforceability shall not affect any other provision of this Note, but this Note
shall be construed as if this Note had never contained the invalid or unenforceable provision.
14. (a) THE MAKER HEREBY:
(i) IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS OF MONTGOMERY COUNTY, PENNSYLVANIA
AND TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT INCLUDING
PHILADELPHIA, PENNSYLVANIA FOR THE PURPOSES OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS NOTE;
(ii) WAIVES AND AGREES NOT TO ASSERT, BY WAY OF MOTION, AS A DEFENSE OR OTHERWISE, IN ANY SUCH
ACTION OR PROCEEDING, ANY CLAIM THAT (A) THE MAKER IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF
SUCH COURTS, (B) THE ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM OR (C) THE VENUE OF
THE ACTION OR PROCEEDING IS IMPROPER; AND
(iii) AGREES THAT, NOTWITHSTANDING ANY RIGHT OR PRIVILEGE THE MAKER MAY POSSESS AT ANY TIME,
THE MAKER AND THE MAKERS PROPERTY ARE AND SHALL BE GENERALLY SUBJECT TO SUIT ON ACCOUNT OF THE
OBLIGATIONS ASSUMED BY THE MAKER HEREUNDER.
(b) THE MAKER AGREES THAT SERVICE IN PERSON OR BY CERTIFIED OR REGISTERED U.S. MAIL TO THE
MAKERS ADDRESS SET FORTH IN SECTION 10 SHALL CONSTITUTE VALID IN PERSONAM SERVICE
UPON THE MAKER AND THE MAKERS SUCCESSORS AND ASSIGNS IN ANY ACTION OR PROCEEDING WITH RESPECT TO
ANY MATTER AS TO WHICH THE MAKER HAS SUBMITTED TO JURISDICTION HEREUNDER.
(c) NOTWITHSTANDING THE FOREGOING, THE HOLDER MAY AT HER OPTION BRING ANY ACTION OR OTHER
PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE AGAINST THE MAKER OR ANY OF THE MAKERS ASSETS
IN THE COURTS OF ANY JURISDICTION OR PLACE WHERE THE MAKER OR SUCH ASSETS MAY BE FOUND OR WHERE
THE MAKER MAY BE SUBJECT TO PERSONAL JURISDICTION, AND MAY EFFECT SERVICE OF PROCESS AS PROVIDED
UNDER APPLICABLE LAW.
15. This Note shall be governed by and construed and enforced in accordance with the laws of
the Commonwealth of Pennsylvania without regard to any jurisdictions conflicts of laws provisions.
-6-
SIGNATURE PAGES FOLLOW
SIGNATURE PAGE TO TERM PROMISSORY NOTE
|
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Issued By: |
|
|
|
|
|
|
|
|
|
|
JAMES J. KIM 2008 TRUST FBO
[Name or description of beneficiaries] |
|
|
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By: |
|
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|
|
[Name of Trustee], Trustee
|
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[Name of Trustee], Trustee
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[Name of Trustee], Trustee
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-7-
EXHIBIT 3
FORM OF LIMITED GUARANTY
THIS LIMITED GUARANTY AGREEMENT (this Agreement), dated as of February 11, 2008, is
made by JAMES J. KIM, an individual resident at [address] (Guarantor), in favor of AGNES
C. KIM, an individual resident at [address] (Seller), in connection with that certain
Stock Purchase Agreement (as the same may be amended, the Purchase Agreement) dated February 11,
2008 between Seller and the James J. Kim 2008 Trust FBO [Name or description of beneficiaries]
(Buyer).
R E C I T A L S:
WHEREAS, in order to induce Seller to enter into the Purchase Agreement, Guarantor has agreed,
subject to the terms and conditions contained in this Agreement, to guarantee the obligations of
Buyer under the Term Promissory Note (the Note) of even date herewith executed by Buyer
in favor of Seller (the Obligations) and to execute and deliver this Agreement; and
WHEREAS, Buyer is a trust created by Guarantor, and Guarantor will benefit, directly or
indirectly, from the consummation of the transaction contemplated by the Purchase Agreement;
NOW, THEREFORE, in consideration of the foregoing, and intending to be legally bound hereby,
Guarantor agrees as follows:
Section 1. Guaranty of Obligations.
(a) Guarantor fully, irrevocably and unconditionally guarantees performance of the
Obligations. This Agreement shall be a full, unconditional, irrevocable, absolute and continuing
guaranty of performance and not a guaranty of collection, and Guarantor shall remain liable on his
obligations hereunder until the payment and performance in full of the Obligations; provided,
however, that Guarantors liability hereunder shall not exceed 20% of the amount due and payable by
the Buyer under the Note (the Guaranteed Amount). If Buyer defaults as to any of the
Obligations, Guarantor shall promptly pay the Guaranteed Amount, or such lesser amount as is owed
by Buyer, to Seller
(b) Except as provided in subsection (f) below, Guarantors guaranty and responsibility shall
not be discharged, released, diminished, or impaired in whole or in part by any setoff,
counterclaim, defense, act or occurrence which Guarantor may have against Seller as a result or
arising out of the Purchase Agreement or any other transaction.
(c) The obligations of Guarantor hereunder shall not be released, discharged, diminished or
impaired by (i) the renewal, extension, modification or alteration by Seller and Buyer, with or
without the knowledge or consent of Guarantor, of the Note or of any liability or obligation of
Buyer thereunder or of any related document or instrument, (ii) any forbearance or compromise
granted to
Buyer by Seller except to the extent of such forbearance or compromise, (iii) the bankruptcy,
insolvency, liquidation, receivership, dissolution, winding-up or termination of Buyer, (iv) the
inaccuracy of any of the representations and warranties of Seller under the Purchase Agreement, (v)
any neglect, delay, omission, failure or refusal of Seller to take or prosecute any action in
connection with the Note or any security therefor, (vi) the full or partial release of Buyer from
any liability or obligation, except that Guarantor shall be released pro tanto to the extent that
Seller expressly releases Buyer from liability with respect to the Obligations, or (vii) any other
circumstance relating to the Obligations that might otherwise constitute a legal or equitable
discharge of or defense to the Guarantor not available to Buyer.
(d) Guarantor waives notice of (i) acceptance of this Agreement, (ii) the creation, renewal,
extension, modification, alteration or existence of any liability or obligation of Buyer
constituting part of the Obligations, (iii) any breach of or default in the liabilities or
obligations of Buyer, (iv) any impairment of any collateral securing satisfaction of the
Obligations, including, without limitation, failure to perfect, or to maintain the perfection of,
any lien or security interest in such collateral, (v) any right to require the marshaling of
Buyers assets, (vi) the benefit of all laws now or hereafter in effect in any way limiting or
restricting the liability of Guarantor hereunder, (vii) all defenses or circumstances whatsoever to
Guarantors liability hereunder, including, without limitation, those which might constitute a
legal or equitable discharge of a guarantor or surety, but specifically excluding the defense of
payment, (viii) all right to stay of execution and exemption of property in any action to enforce
the liability of Guarantor hereunder and (ix) any act or omission by Seller which changes the scope
of Guarantors risk.
(e) If Buyer fails to perform the Obligations, in whole or in part, when such Obligations are
due, Guarantor shall promptly perform such Obligations; provided that Guarantor shall not be
obligated to pay more than the Guaranteed Amount. Seller may enforce Guarantors obligations under
this Agreement without first suing Buyer or joining Buyer in any suit against Guarantor, or
enforcing any rights and remedies against Buyer, or otherwise pursuing or asserting any claims or
rights against Buyer or any other person or entity or any of its or their property which may also
be liable with respect to the matters for which Guarantor is liable under this Section 1.
(f) Guarantor reserves the right to assert defenses which Buyer may have to payment or
performance of any Obligation, other than defenses that Buyer may possess relating to (i) lack of
validity or enforceability against Buyer of the Note, the Purchase Agreement or the Pledge and
Security Agreement of even date herewith (the Pledge), (ii) Buyers lack of authority to
enter into or perform the Purchase Agreement or (iii) the termination of existence, liquidation,
insolvency, bankruptcy, receivership, or other reorganization of Buyer.
Section 2. Reinstatement. This Agreement shall continue to be effective, or be
reinstated, as the case may be, if, at any time prior to Guarantors payment of the Guaranteed
Amount, payment of any of the Obligations is rescinded or must otherwise be restored or returned by
Seller upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Buyer, or
upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or
similar officer for, Buyer or any substantial part of its property, or otherwise, all as though
such payments had not been made.
Section 3. Subordination. Until such time as Buyer has no further Obligations or the
Guaranteed Amount has been paid by Guarantor hereunder, Guarantor hereby does, and in the future
shall, absolutely and unconditionally subordinate, both in right and time of payment, all present
and
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future indebtedness of Buyer to Guarantor. Guarantor will deliver to Seller such evidence of
such subordination as Seller may reasonably request from time to time.
Section 4. Subrogation. Guarantor hereby waives and agrees not to exercise any
subrogation rights which it may acquire against Buyer, whether by any payment made by Guarantor
hereunder or otherwise.
Section 5. Disgorgement. If any amount is paid to Guarantor on account of any
subordinate indebtedness described in Section 3 at any time prior to the earlier of (i) the date
when Buyer has no further Obligations or (ii) the date when all amounts to be paid by Guarantor
hereunder have been paid in full, such amount will be held in trust for the benefit of Seller, will
be segregated from the other funds of Guarantor and will promptly be paid over to Seller to be
applied against the Obligations, whether matured or unmatured, and all amounts to be paid by
Guarantor pursuant hereto, in accordance with the terms hereof.
Section 6. Representation as to Benefit. Guarantor warrants and represents for and as
to himself that he has received, or will receive, direct or indirect benefit from the making of
this Agreement.
Section 7. Representations and Warranties of Guarantor. Guarantor hereby represents
and warrants to Seller as follows:
(a) Authority Relative to this Agreement. Guarantor has full power and authority to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. This
Agreement has been duly and validly executed and delivered by Guarantor, and this Agreement
constitutes a valid and binding agreement of Guarantor, enforceable against Guarantor in accordance
with its terms, subject to (i) applicable bankruptcy, insolvency, reorganization, moratorium and
other similar laws of general application with respect to creditors, (ii) general principles of
equity, and (iii) the power of a court to deny enforcement or remedies generally based upon public
policy.
(b) Consents and Approvals; No Violation. Neither the execution and delivery by
Guarantor of this Agreement nor the performance of his obligations under this Agreement
contemplated hereby do or will (i) require any further consent, approval, authorization or permit
of, or filing with or notification to, any governmental or regulatory authority, (ii) result in a
default (or give rise to any right of termination, cancellation or acceleration) under any of the
terms, conditions or provisions of any note, license, agreement or other instrument or obligation
to which Guarantor is a party or by which Guarantor or any of his assets may be bound or (iii)
violate any law, order, writ, injunction, decree, statute, rule or regulation applicable to
Guarantor, or any of his assets.
(d) Litigation; Claims. As of the date hereof there is no claim, action, proceeding
or investigation pending or, to the knowledge of Guarantor, threatened against Guarantor before any
court or governmental or regulatory authority or body that would prevent or delay in any
material respect the performance by Guarantor of the guaranty contemplated hereby. Guarantor is
not subject to any judgment or outstanding order, writ, injunction or decree that would have an
adverse effect on his ability to perform his obligations under the guaranty contemplated hereby and
that would prevent or delay in any material respect the performance by Guarantor of this Agreement.
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(e) Information with respect to Buyer. Guarantor has adequate means to obtain from
Buyer on a continuing basis information concerning the financial condition of Buyer and Guarantor
is not relying on Seller to provide such information to Guarantor now or in the future.
Section 8. Waiver of Jury Trial; Consent to Jurisdiction and Service of Process.
(a) Guarantor hereby waives the right to a trial by jury in any action or proceeding in which
Guarantor or his heirs, personal representatives or assigns are a party as to all matters and
things arising out of or relating to this Agreement.
(b) Guarantor hereby:
(i) irrevocably submits to the jurisdiction of the courts of the Commonwealth of Pennsylvania
in Montgomery County and to the jurisdiction of the United States District Court for the Eastern
District of Pennsylvania for the purposes of any action or proceeding arising out of or relating to
this Agreement;
(ii) waives and agrees not to assert, by way of motion, as a defense or otherwise, in any such
action or proceeding, any claim that (A) he is not personally subject to the jurisdiction of such
courts, (B) the action or proceeding is brought in an inconvenient forum or (C) the venue of the
action or proceeding is improper; and
(iii) agrees that, notwithstanding any right or privilege he may possess at any time,
Guarantor and his property are and will be generally subject to suit on account of the obligations
assumed by him hereunder.
(c) Guarantor agrees that service in person or by certified or registered U.S. mail to his
address set forth in Section 11 shall constitute valid in personam service upon Guarantor
and his heirs, personal representatives and assigns in any action or proceeding with respect to any
matter as to which he has submitted to jurisdiction hereunder.
(d) Notwithstanding the foregoing, Seller may at her option bring any action or other
proceeding arising out of or relating to this Agreement against Guarantor or any of his assets in
the courts of any jurisdiction or place where Guarantor or such assets may be found or where
Guarantor may be subject to personal jurisdiction, and may effect service of process as provided
under any applicable law.
(e) Guarantor expressly acknowledges that this is a commercial transaction that the foregoing
provisions for waiver of jury trial, consent to jurisdiction and service of process have been
read, understood and voluntarily agreed to by Guarantor and that by agreeing to such provisions
Guarantor is waiving important legal rights.
Section 9. Benefit. This Agreement shall inure to the benefit of Seller and her
heirs, personal representatives and assigns and shall be binding upon Guarantor and his heirs,
personal representatives and assigns; provided, that (a) Guarantor may not delegate his obligations
under this
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Agreement without the prior written consent of Seller and Seller may assign this
Agreement only to a purchaser of the Note, (b) no assignment or other transfer by, through or under
Seller shall operate to increase Guarantors obligations hereunder, and (c) Guarantor shall be
fully protected in making and shall receive full credit for any payments or other performance made
by him to Seller or her heirs or personal representatives with respect to the Obligations prior to
the time Guarantor receives written notice of such assignment.
Section 10. Term; Continuing Guaranty. This Guaranty will have an initial term of one
year and will automatically renew, on each anniversary of the date hereof (the Renewal
Date), for consecutive one year periods until the Renewal Date (the Termination
Date) on which the average closing price of the Company (as defined in the Purchase
Agreement) stock on the NASDAQ exchange over the preceding five-week period is at least 200% of the
mean between the highest and lowest selling prices of the Company stock on the NASDAQ exchange on
the date hereof. Subject to the terms, conditions and limitations hereof, this Agreement is a
continuing guaranty and shall remain in full force and effect and be binding upon Guarantor until
the Obligations have been satisfied in full, Guarantor has paid the full Guaranteed Amount or the
Termination Date, whichever shall first occur.
Section 11. Notices. All notices, consents, requests, demands and other
communications required or permitted under this Agreement: (a) shall be in writing; (b) shall be
sent by messenger, certified or registered U.S. mail, a reliable express delivery service or
telefacsimile (with a copy sent by one of the foregoing means), charges prepaid as applicable, to
the appropriate address(es) or number(s) set forth below; and (c) shall be deemed to have been
given on the date of receipt by the addressee (or, if the date of receipt is not a business day, on
the first business day after the date of receipt), as evidenced by (i) a receipt executed by the
addressee (or a responsible person in his or her office), the records of the person delivering such
communication or a notice to the effect that such addressee refused to claim or accept such
communication, if sent by messenger, U.S. mail or express delivery service, or (ii) a receipt
generated by the senders telecopier showing that such communication was sent to the appropriate
number on a specified date, if sent by telefacsimile. All such communications shall be sent to the
following addresses or numbers, or to such other addresses or numbers as any party may inform the
others by giving five business days prior notice:
To Seller:
Agnes C. Kim
[Address]
To Guarantor:
James J. Kim
[Address]
Section 12. Guaranty Unenforceable. If any one or more of the provisions contained in
this Guaranty shall for any reason be held to be invalid, illegal or unenforceable in any respect,
such holding shall not affect any other provision of this Guaranty, but this Guaranty shall be
construed as if such invalid, illegal or unenforceable provision had never been contained herein.
-5-
Section 13. Miscellaneous. This Agreement: (a) may be amended only by a writing
signed by Guarantor and Seller; (b) contains the entire agreement of the Guarantor and Seller with
respect to the transactions contemplated hereby and supersedes all prior written and oral
agreements, and all contemporaneous oral agreements, relating to such transactions; (c) will be
governed by, and construed and enforced in accordance with, the laws of the Commonwealth of
Pennsylvania without giving effect to any conflict of law rules; and (d) is binding upon, and will
inure to the benefit of, Guarantor and Seller and their respective heirs, personal representatives
and permitted assigns. The waiver by Guarantor or Seller of any breach or violation of any
provision of this Agreement will not operate or be construed a waiver of any subsequent breach or
violation hereof.
Section 14. Confession of Judgment. The following paragraph sets forth a warrant
of authority for an attorney to confess judgment against the Guarantor. In granting this warrant
to confess judgment against Guarantor, Guarantor hereby knowingly, intentionally, voluntarily and
unconditionally waives any and all rights Guarantor has or may have to prior notice and an
opportunity for hearing:
GUARANTOR UNCONDITIONALLY AND IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR ANY
PROTHONOTARY, CLERK OF COURT OR COURT OF RECORD, AS ATTORNEY FOR THE GUARANTOR, AT ANY TIME AFTER
THE GUARANTORS FAILURE TO PAY ANY OF THE GUARANTEED OBLIGATIONS WITHIN THIRTY (30) DAYS AFTER
WRITTEN NOTICE FROM THE SELLER TO GUARANTOR THAT THE GUARANTEED OBLIGATIONS ARE DUE, TO APPEAR FOR
GUARANTOR IN SUCH COURT AND CONFESS JUDGMENT AGAINST GUARANTOR IN FAVOR OF THE SELLER AND HER
HEIRS, PERSONAL REPRESENTATIVES AND ASSIGNS, FOR ALL OR ANY PORTION OF THE OUTSTANDING GUARANTEED
OBLIGATIONS, TOGETHER WITH UNPAID INTEREST, COSTS OF SUIT AND ATTORNEYS FEES ADDED FOR COLLECTION
IN AN AMOUNT EQUAL TO TEN PERCENT (10%) OF SUCH SUM, OR SUCH AMOUNT AS OTHERWISE PERMITTED BY LAW.
GUARANTOR ALSO RELEASES ALL ERRORS, AND TO THE EXTENT PERMITTED BY LAW, WAIVES AND RELEASES ALL
RELIEF FROM ANY AND ALL APPRAISEMENT, STAY OR EXEMPTION LAWS OF ANY STATE NOW IN FORCE OR HEREAFTER
ENACTED. IF A COPY OF THIS GUARANTY, VERIFIED BY AFFIDAVIT OF SELLER OR SOMEONE ON BEHALF OF
SELLER, SHALL HAVE BEEN FILED IN SUCH ACTION, IT SHALL NOT BE NECESSARY TO FILE AN ORIGINAL OF THIS
GUARANTY AS A WARRANT OF ATTORNEY. THE AUTHORITY AND POWER TO APPEAR FOR AND ENTER JUDGMENT
AGAINST GUARANTOR SHALL NOT BE EXHAUSTED BY THE INITIAL EXERCISE THEREOF OR BY ANY IMPERFECT
EXERCISE THEREOF AND SHALL NOT BE EXTINGUISHED BY ANY JUDGMENT
ENTERED PURSUANT THERETO; THE AUTHORITY AND POWER MAY BE EXERCISED ON ONE OR MORE OCCASIONS, FROM
TIME TO TIME, IN THE SAME OR DIFFERENT JURISDICTIONS, AS OFTEN AS SELLER SHALL DEEM NECESSARY OR
DESIRABLE, FOR ALL OF WHICH THIS GUARANTY OR A VERIFIED COPY HEREOF SHALL BE A SUFFICIENT WARRANT.
TO THE EXTENT PERMITTED BY LAW. INTEREST SHALL ACCRUE ON ANY UNPAID JUDGMENT AT THE HIGHEST RATE OF
INTEREST WHICH WOULD ACCRUE ON THE NOTE UPON THE OCCURRENCE OF AN EVENT OF DEFAULT UNDER THE NOTE.
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Section 15. Acknowledgment. GUARANTOR ACKNOWLEDGES THAT, PRIOR TO SIGNING THIS
GUARANTY, GUARANTOR WAS GIVEN AN OPPORTUNITY TO READ IT, CAREFULLY EVALUATE IT AND ASK QUESTIONS
ABOUT IT. GUARANTOR FURTHER ACKNOWLEDGES THAT HE WAS GIVEN THE RIGHT AND OPPORTUNITY TO HAVE THIS
GUARANTY REVIEWED BY AN ATTORNEY OF HIS CHOOSING AND SELLER WAS PREPARED TO GIVE GUARANTOR A
REASONABLE PERIOD OF TIME TO DO SO IF GUARANTOR SO DESIRED.
[SIGNATURE PAGE FOLLOWS]
-7-
SIGNATURE PAGE TO LIMITED GUARANTY
IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date and year first
above written.
EXHIBIT 4
FORM OF PLEDGE AND SECURITY AGREEMENT
This Pledge and Security Agreement (this Pledge Agreement) dated as of February 11, 2008, is
executed and delivered by the JAMES J. KIM 2008 TRUST FBO [Name or description of beneficiaries],
with an office at [address of Trust] (the Pledgor), to AGNES C. KIM, an individual resident at
[address] (the Secured Party).
PREAMBLE
Contemporaneously herewith, the Secured Party is selling the Pledged Stock (as defined herein)
to the Pledgor pursuant to the terms of that certain Stock Purchase Agreement between Secured Party
and Pledgor (the Purchase Agreement). As financing for Pledgors acquisition of the Pledged
Stock, the Secured Party is making a loan (the Loan) to the Pledgor, evidenced by that certain
Term Promissory Note of even date herewith, payable by the Pledgor to the Secured Party (as
amended, renewed or restated from time to time, the Promissory Note). As a condition to the
Secured Party making the Loan, the Secured Party has required that Pledgor execute and deliver this
Pledge Agreement in order to secure, among other things, the Secured Obligations (as hereinafter
defined). Pledgor acknowledges and agrees that its execution and delivery of this Pledge Agreement
is a material inducement to the Secured Party to make the Loan and that without this Pledge
Agreement, the Secured Party would not have agreed to make the Loan. In consideration of the
foregoing, and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged by the Pledgor, the Pledgor, agreeing to be legally bound, hereby covenants
unto and agrees with the Secured Party, for the benefit of the Secured Party, as set forth in this
Pledge Agreement.
AGREEMENT
1. Pledge. The Pledgor hereby pledges to the Secured Party and grants to the Secured
Party a security interest in, a lien on and a pledge and assignment of the following:
(a) [Number of shares purchased by Trust] shares of the capital stock of Amkor
Technology, Inc., a Delaware corporation (Amkor), and the certificates representing the
shares of such capital stock (the Pledged Stock) and all dividends, cash, instruments and
other property from time to time received, receivable or otherwise distributed in respect
of, or in exchange for, any or all of the Pledged Stock; provided that the Pledged Stock
shall be subject to adjustment as set forth in Section 10 of the Purchase Agreement.
Pledgor has delivered to the Secured Party, for the Secured Partys benefit, all certificates
representing the Pledged Stock, duly endorsed in blank or accompanied by a stock power duly
executed by Pledgor in blank, in form and substance satisfactory to Secured Party, with any and all
other documents necessary to cause the Secured Party, for the Secured Partys benefit, to have a
good, valid and perfected continuing first priority pledge of and lien on the Pledged Stock (free
and clear of any other liens other than those created by this Agreement), including, without
limitation, any necessary notations in the corporate records books of Amkor or those of its
transfer agent. For all purposes under this Agreement, each certificate representing the Pledged
Stock shall bear the following legend:
THIS CERTIFICATE IS PLEDGED PURSUANT TO THE TERMS AND PROVISIONS OF THAT
CERTAIN PLEDGE AND SECURITY AGREEMENT DATED AS OF FEBRUARY 11, 2008, BY
AND AMONG THE JAMES J. KIM 2008 TRUST FBO [NAME OR DESCRIPTION OF
BENEFICIARIES] AND AGNES C. KIM. FOR ALL PURPOSES THIS CERTIFICATE AND
THE INTERESTS IT REPRESENTS SHALL BE DEEMED A SECURITY OR SECURITIES
GOVERNED BY ARTICLE 8 OF THE UNIFORM COMMERCIAL CODE.
The Secured Party may, after the occurrence and during the continuance of a breach, default or
event of default under the Promissory Note or this Pledge Agreement, after the expiration of the
applicable cure period, if any (an Event of Default), upon Pledgors receipt of notice from the
Secured Party, transfer or register the Pledged Stock or any part thereof into the Secured Partys
or the Secured Partys nominees name with or without any indication that such Pledged Stock is
subject to the security interest hereunder and Pledgor covenants that, upon demand by Secured
Party, Pledgor shall, and shall cause the entity in which such Pledged Stock evidences an ownership
stake to, effect such registration. In addition, the Secured Party may at any time exchange
certificates or instruments representing or evidencing Pledged Stock for certificates or
instruments of smaller or larger denominations.
2. Security for the Secured Obligations. As security for the full and timely payment
and performance of all debts, liabilities, indebtedness, covenants, duties, obligations and
agreements of any kind, nature or description whatsoever of the Pledgor to the Secured Party
pursuant to the Promissory Note and this Pledge Agreement, whether heretofore, now or hereafter
made, incurred, evidenced or created, whether voluntary or involuntary, and however arising,
whether due or not due, absolute or contingent, liquidated or unliquidated, determined or
undetermined, direct or indirect, foreseeable or unforeseeable (collectively the Secured
Obligations) the Pledgor agrees that the Secured Party shall have, and the Pledgor grants to and
creates in favor of the Secured Party, a security interest in and to all right title and interest
of the Pledgor in the Accounts, Chattel Paper, Documents, Investment Property, General Intangibles,
Instruments, Pledged Stock and Proceeds of each of them as is now owned or acquired after the date
of this Pledge Agreement by the Pledgor (collectively the Pledged Collateral). The security
interest granted to the Secured Party in this Pledge Agreement shall be a first priority security
interest in the Pledged Collateral, prior and superior to the rights of all third parties in the
Pledged Collateral existing on the date of this Pledge Agreement or arising after the date of this
Pledge Agreement. Pledgor irrevocably and unconditionally authorizes Secured Party (or the Secured
Partys agent) to file at any time and from time to time such financing statements with respect to
the Pledged Collateral, naming the Secured Party or the Secured Partys designee as the secured
party and Pledgor as the debtor, as Secured Party may require and including any other information
with respect to Pledgor or otherwise as may be required by part 5 of Article 9 of the Code together
with amendments and continuations with respect thereto. For purposes of this
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Pledge Agreement, the Code shall mean the Uniform Commercial Code as in effect on the date
of this Pledge Agreement and as amended from time to time, of the state or states having
jurisdiction with respect to all or any portion of the Pledged Collateral from time to time. All
capitalized terms used in this Section 2 and not otherwise defined herein, shall have the meaning
ascribed to such term in the Code.
3. Pledged Stock Adjustments. If, during the term of this Pledge Agreement:
(a) Any stock dividend, reclassification, recapitalization, readjustment,
reorganization, split or other change is declared or made in the capital structure of Amkor
and additional securities are issued in connection therewith, or
(b) Any subscription warrants or any other rights or options are issued in connection
with the Pledged Stock, or
(c) Amkor is acquired by, merged into or consolidated with another entity, and the
Pledged Stock is exchanged for other securities and/or cash,
then any shares, warrants, rights, options, other securities or cash received with respect to, or
in exchange for, the Pledged Stock shall be immediately delivered to and held by the Secured Party
under the terms of this Pledge Agreement and shall constitute Pledged Stock hereunder.
4. Subsequent Changes Affecting Pledged Collateral. Pledgor represents, warrants and
covenants unto the Secured Party that Pledgor is in a position to be informed of changes or
potential changes affecting the Pledged Collateral, and Pledgor agrees that the Secured Party shall
not have any obligation to inform the Pledgor of any such changes or potential changes or to take
any action or omit to take any action with respect thereto.
5. Representations, Warranties and Covenants. Pledgor further represents, warrants
and covenants unto the Secured Party as follows:
(a) Pledgor is the sole legal and beneficial owner of all the shares of the Pledged
Stock and the other Pledged Collateral free and clear of any lien, encumbrance, security
interest, pledge or other claim or infirmity of any kind whatsoever, except for the security
interest created by this Pledge Agreement;
(b) All of the Pledged Stock has been duly authorized, validly issued and is fully paid
and non-assessable;
(c) Pledgor has the power, authority and full legal capacity to execute, deliver and
perform this Pledge Agreement with respect to the Pledged Collateral and such execution,
delivery and performance does not violate any agreement, law or governmental regulation to
which Pledgor is a party or is subject;
(d) There are no restrictions upon the voting rights associated with, or upon the
transfer of, any of the Pledged Stock (except as may be required in connection with such
disposition by laws affecting the offering and sale of securities generally);
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(e) Pledgor has the right to vote, pledge and grant a security interest in or otherwise
transfer the Pledged Collateral free of any liens or encumbrances;
(f) No authorization, approval, or other action by, and no notice to or filing with,
any governmental authority or regulatory body or any other person or entity is required
either (i) for the pledge of the Pledged Collateral pursuant to this Pledge Agreement or
for the execution, delivery or performance of this Pledge Agreement by Pledgor, or (ii) for
the exercise by the Secured Party of the rights provided for in this Pledge Agreement or the
remedies in respect of the Pledged Collateral pursuant to this Pledge Agreement (except as
may be required in connection with such disposition by laws affecting the offering and sale
of securities generally);
(g) The pledge of the Pledged Collateral pursuant to this Pledge Agreement, together
with the delivery to the Secured Party of the Pledged Collateral as required hereunder,
creates a valid and perfected first-priority security interest in the Pledged Collateral, in
favor of the Secured Party, securing the full and timely payment of the Secured Obligations;
(h) Pledgor shall deliver to the Secured Party herewith a stock power in form and
substance acceptable to the Secured Party (the Power) duly executed in blank, which Power
shall be duly executed and shall give the Secured Party the authority it purports to confer;
and
(i) Pledgor will, at its own cost and expense, preserve and defend the Secured Partys
rights to the Pledged Collateral against the claims of all persons and will preserve and
maintain the first priority lien and security interest with respect to the Pledged
Collateral as long as this Pledge Agreement shall remain in force.
The representations, warranties and covenants set forth in this Section 5 shall survive the
execution and delivery of this Pledge Agreement.
6. Voting Rights. During the term of this Pledge Agreement, Pledgor shall have the
right to vote the Pledged Stock.
7. Dividends and Other Distributions.
(a) So long as no Event of Default has occurred or would result therefrom:
(i) Subject to Section 3 hereof, Pledgor shall be entitled to receive and
retain any and all dividends and distributions paid in respect of the Pledged Stock;
and
(ii) the Secured Party shall execute and deliver (or cause to be executed and
delivered) to Pledgor any instruments Pledgor may reasonably request for the purpose
of enabling Pledgor to receive the dividends or distributions which Pledgor is
authorized to receive and retain pursuant to Section 7(a)(i) above.
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(b) After the occurrence and during the continuance of an Event of Default, or if any
of the following would result in an Event of Default if paid to Pledgor:
(i) All rights of Pledgor to receive any dividend or distribution in respect of
the Pledged Stock shall cease, and all such rights shall thereupon become vested in
the Secured Party, which shall thereupon have the sole right to receive and hold as
Pledged Stock such dividends and distributions; and
(ii) All proceeds governed by this Section 7(b), which are received by the
Pledgor shall be received in trust for the Secured Party, shall be segregated from
other funds of Pledgor and shall be paid over immediately to the Secured Party as
Pledged Collateral in the same form as so received (with any necessary
endorsements).
8. Transfers and Other Liens. Pledgor agrees that it will not (a) sell or otherwise
dispose of, or grant any option with respect to, any of the Pledged Collateral, or (b) create or
permit to exist any lien or encumbrance upon or with respect to any of the Pledged Collateral.
9. Remedies.
(a) The Secured Party shall have, in addition to any other rights and remedies given
under this Pledge Agreement or by law, all of the rights and remedies with respect to the
Pledged Collateral of a secured party under the laws of the Commonwealth of Pennsylvania.
In addition, after the occurrence and during the continuance of an Event of Default, the
Secured Party shall have such powers of sale and other powers as may be conferred by
applicable law. With respect to the Pledged Collateral or any part thereof which shall then
be in or shall thereafter come into the possession or custody of the Secured Party or which
the Secured Party shall otherwise have the ability to transfer under applicable law, the
Secured Party may, in her sole discretion and without notice, except as specified below in
Section 9(b), after the occurrence and during the continuance of an Event of Default, sell
or cause the same to be sold at any exchange or at public or private sale, in one or more
sales or lots, at such price as the Secured Party may deem best, for cash or on credit or
for future delivery, without assumption of any credit risk, and the purchaser of any or all
of the Pledged Collateral so sold shall thereafter own the same, absolutely free from any
claim, encumbrance or right of any kind whatsoever. The Secured Party may, in the Secured
Partys name, or in the name of a designee or nominee, buy the Pledged Collateral at any
public sale and, if permitted by applicable law, buy the Pledged Collateral at any private
sale. Pledgor shall pay to the Secured Party all reasonable expenses (including, without
limitation, court costs and reasonable attorneys and paralegals fees and expenses) of, or
incidental to, the enforcement of any of the provisions hereof.
(b) Unless any of the Pledged Collateral threatens to decline speedily in value or is
or becomes of a type sold on a recognized market, the Secured Party shall give Pledgor
reasonable notice of the time and place of any public sale thereof, or of the time after
which any private sale or other intended disposition is to be made. Any sale of the Pledged
Collateral conducted in conformity with reasonable commercial practices of
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banks, commercial finance companies, insurance companies or other financial
institutions disposing of property similar to the Pledged Collateral shall be deemed to be
commercially reasonable. Notwithstanding any provision to the contrary contained herein,
Pledgor agrees that any requirements of reasonable notice shall be met if such notice is
received by Pledgor as provided in Section 21 below at least ten (10) business days before
the time of the sale or disposition; provided, however, that the Secured Party may give any
shorter notice that is commercially reasonable under the circumstances. Any other
requirement of notice, demand or advertisement for sale is waived to the extent permitted by
law.
(c) If, at the original time or times appointed for the sale of the whole or any part
of the Pledged Collateral, the highest bid, if there be but one sale, shall be inadequate to
discharge in full all the Secured Obligations, or if the Pledged Collateral be offered for
sale in lots, if at any of such sales, the highest bid for the lot offered for sale would
indicate to the Secured Party, in the Secured Partys discretion, the unlikelihood of the
proceeds of the sales of the whole of the Pledged Collateral being sufficient to discharge
all the Secured Obligations, or if applicable law would permit postponement or postponements
of sale for any other reason, then the Secured Party may, on one or more occasions and in
the Secured Partys discretion, postpone any of said sales by public announcement at the
time of sale or the time of previous postponement of sale, and no other notice of such
postponement or postponements of sale need be given, any other notice being hereby waived;
provided, however, that any sale or sales made after such postponement shall be after ten
(10) days notice to Pledgor. Any surplus of cash or cash proceeds held by the Secured
Party and remaining after the date on which all the Secured Obligations have been paid in
full shall be paid over to the Pledgor or to such person or entity as may be lawfully
entitled to receive such payment.
(d) Pledgor agrees that, upon the occurrence and during the continuance of an Event of
Default, it will not at any time plead, claim or take the benefit of any appraisal,
valuation, stay, extension, moratorium or redemption law now or hereafter in force in order
to prevent or delay the enforcement of this Pledge Agreement, or the absolute sale of the
whole or any part of the Pledged Collateral or the possession thereof by any purchaser at
any sale hereunder, and Pledgor waives the benefit of all such laws to the extent Pledgor
lawfully may do so. Pledgor agrees that it will not interfere with any right, power or
remedy of the Secured Party provided for in this Pledge Agreement or now or hereafter
existing at law or in equity or by statute or otherwise, or the exercise or beginning of the
exercise by the Secured Party of any one or more of such rights, powers, or remedies. No
failure or delay on the part of the Secured Party to exercise any such right, power or
remedy and no notice or demand which may be given to or made upon Pledgor by the Secured
Party with respect to any such remedies shall operate as a waiver thereof, or limit or
impair the Secured Partys right to take any action or to exercise any power or remedy
hereunder, without notice or demand, or prejudice the Secured Partys rights as against
Pledgor in any respect.
(e) Pledgor further agrees that a breach of any of the terms or provisions contained in
this Pledge Agreement will cause irreparable injury to the Secured Party, that the Secured
Party has no adequate remedy at law in respect of such breach and, as a
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consequence, agrees that each and every term and provision contained in this Pledge
Agreement shall be specifically enforceable against Pledgor.
10. Consent. Pledgor hereby consents that from time to time, before and after the
occurrence or existence of an Event of Default, with or without notice to or assent from Pledgor,
any other security at any time held by or available to the Secured Party for any of the Secured
Obligations or any security at any time held by or available to the Secured Party for any
obligation of any other person or entity secondarily or otherwise liable for any of the Secured
Obligations, may be exchanged, surrendered or released, and any of the Secured Obligations may be
changed, altered, renewed, extended, continued, surrendered, compromised, waived or released, in
whole or in part, as the Secured Party may see fit, and Pledgor shall remain bound under this
Pledge Agreement notwithstanding any such exchange, surrender, release, alteration, renewal,
extension, continuance, compromise, waiver or inaction or other dealing.
11. The Secured Party Appointed Attorney-in-Fact. Pledgor hereby appoints the Secured
Party as Pledgors attorney-in-fact, with full authority, in the name of Pledgor or otherwise, upon
the occurrence and during the continuance of an Event of Default, from time to time in the Secured
Partys sole discretion, to take any action and to execute any instrument which the Secured Party
may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including,
without limitation, to receive, endorse and collect all instruments made payable to Pledgor
representing any dividend or other distribution in respect of the Pledged Collateral or any part
thereof and to give full discharge for the same and to arrange for the transfer of all or any part
of the Pledged Collateral on the books of Amkor or its transfer agent to the name of the Secured
Party or the Secured Partys nominee and to execute proxies enabling the Secured Party and the
Secured Partys representatives to exercise such powers and execute written consents and waivers in
connection with the taking of any shareholder action, whether in the name of Pledgor or in the name
of the Secured Party; provided, however, that the Secured Party shall have no duty to exercise any
such right or to preserve the same and shall not he liable for any failure to do so or for any
delay in doing so. This appointment shall be irrevocable and shall continue until the termination
of this Pledge Agreement in accordance with Section 13. The Secured Party may exercise any of the
Secured Partys rights and execute any of the Secured Partys duties hereunder by or through agents
or employees and shall be entitled to advice of counsel concerning all matters pertaining to the
Secured Partys rights and duties hereunder.
12. Pledgors Waivers. The Secured Partys security interest in the Pledged
Collateral shall be absolute and unconditional regardless of the existence or occurrence of any of
the following, and Pledgor expressly waives its right to the return of the Pledged Collateral in
case of an Event of Default hereunder, together with any defense or discharge which might otherwise
arise from any of the following:
(a) any lack of validity or enforceability of this Pledge Agreement or any other
agreement or instrument relating hereto or thereto or otherwise relating to the Secured
Obligations;
(b) any change in the time, manner or place of payment of, or in any other terms of,
any or all of the liabilities arising out of this Pledge Agreement, or any other amendment
or waiver of, or any consent to departure from, this Pledge Agreement;
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(c) any exchange, release or non-perfection of any other collateral, or any release,
amendment or waiver of, or consent to departure from any guaranty, for any or all of the
Secured Obligations;
(d) the Secured Partys resort during the continuation of an Event of Default, to any
or all of the Pledged Collateral for payment of all or part of the Secured Obligations prior
to proceeding against any other collateral or any other party primarily or secondarily
liable for payment thereof; or
(e) to the extent permitted by law, any other circumstance which might otherwise
constitute a defense available to Pledgor as of the date hereof, or a discharge of Pledgor
in respect of the Secured Obligations or this Pledge Agreement.
13. Term. This Pledge Agreement shall remain in full force and effect until the
Secured Obligations have been fully and indefeasibly paid in cash and satisfied.
14. Reinstatement. This Pledge Agreement shall remain in full force and effect and
continue to be effective should any petition be filed by or against Pledgor for liquidation or
reorganization, should Pledgor become insolvent or make an assignment for the benefit of creditors
or should a receiver or trustee be appointed for all or any significant part of Pledgors assets,
and shall continue to be effective or be reinstated, as the case may be, if at any time payment and
performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law,
rescinded or reduced in amount, whether as a voidable preference, fraudulent conveyance, or
otherwise, all as though such payment or performance had not been made. In the event that any
payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations
shall be reinstated and deemed reduced only by any amount paid and not so rescinded, reduced,
restored or returned.
15. Definitions. The singular shall include the plural and vice versa and any gender
shall include any other gender as the context may require.
16. Successors and Assigns. This Pledge Agreement shall he binding upon Pledgor, and
inure to the benefit of the Secured Party, and each of the foregoings respective heirs, personal
representatives, administrators, successors and assigns. Pledgors successors and assigns shall
include, without limitation, a receiver, trustee and debtor-in-possession of or for Pledgor.
17. Governing Law. This Pledge Agreement shall be interpreted, and the rights and the
liabilities of the parties hereto determined, in accordance with the internal laws (as opposed to
the conflict of law provisions) of the Commonwealth of Pennsylvania.
18. Severability. Whenever possible, each provision of this Pledge Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but, if any provision
of this Pledge Agreement shall be held to be prohibited or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Pledge Agreement;
provided, however, if such invalid or unenforceable provision may be modified so as to be valid and
enforceable as a matter of law, such provision shall be deemed to have been modified so as to be
valid and enforceable to the maximum extent permitted by law.
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19. Further Assurances. Pledgor agrees to cooperate with the Secured Party and
execute and deliver, or cause to be executed and delivered, all such other assignments separate
from certificate, proxies, instruments and documents, and take all such other actions, including,
without limitation, the execution and filing of financing statements, as the Secured Party may
reasonably request from time to time in order to carry out the provisions and purposes of this
Pledge Agreement.
20. The Secured Partys Duty of Care. The Secured Party shall not be liable for any
acts, omissions, errors of judgment or mistakes of fact or law including, without limitation, acts,
omissions, errors or mistakes with respect to the Pledged Collateral, except for those arising out
of or in connection with the Secured Partys gross negligence or willful misconduct. Without
limiting the generality of the foregoing, the Secured Party shall be under no obligation to take
any steps necessary to preserve rights in the Pledged Collateral against any other parties but may
do so at the Secured Partys option. All expenses incurred by or on behalf of the Secured Party
after an Event of Default in connection with this Pledge Agreement shall constitute part of the
Secured Obligations secured hereby.
21. Notices. All notices and other communications required or desired to be served,
given or delivered hereunder shall be given in the manner set forth in the Promissory Note and to
the addresses indicated in section 11 thereof.
22. Amendments, Waivers and Consents. No amendment or waiver of any provision of this
Pledge Agreement nor consent to any departure by Pledgor herefrom, shall in any event be effective
unless the same shall be in writing and signed by the Secured Party, and then such amendment,
waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given.
23. Section Headings. The section headings herein are for convenience of reference
only and shall not affect in any way the interpretation of any of the provisions hereof.
24. Execution in Counterparts. This Pledge Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which shall together constitute one
and the same agreement.
25. Merger; Recitals. This Pledge Agreement represents the final agreement of Pledgor
with respect to the matters contained herein and may not be contradicted by evidence of prior or
contemporaneous written or oral agreements, or subsequent oral agreements, between Pledgor and the
Secured Party. The recitals set forth at the beginning of this Pledge Agreement are hereby
incorporated herein by reference and made a part hereof.
SIGNATURE PAGES FOLLOW
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SIGNATURE PAGE TO PLEDGE AND SECURITY AGREEMENT
In Witness Whereof, Pledgor and the Secured Party have executed this Pledge and
Security Agreement as of the date first set forth above.
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Pledgor: |
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JAMES J. KIM 2008 TRUST FBO |
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[NAME OR DESCRIPTION OF BENEFICIARIES] |
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By:
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[Name of Trustee], Trustee |
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By:
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[Name of Trustee], Trustee |
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By:
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[Name of Trustee], Trustee |
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Secured Party: |
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Agnes C. Kim |
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