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EX-10.1 - Actua Corprrd294888_33738.htm

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of earliest event reported: December 17, 2010

Internet Capital Group, Inc.

(Exact name of registrant as specified in charter)

Delaware

001-16249

23-2996071

(State of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

690 Lee Road, Suite 310, Wayne, PA 19087

(Address of Principal Executive Offices) (Zip Code)

(610) 727-6900

(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

/ / Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

/ / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

/ / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 1.01.

Entry into a Material Definitive Agreement

First Amendment to Amended and Restated Letter of Credit Agreement

Internet Capital Group, Inc. ("ICG") is a party to an Amended and Restated Letter of Credit Agreement with Comerica Bank ("Comerica") to provide for the issuance of letters of credit (such agreement, the "LC Agreement"). The LC Agreement provides for the issuance of letters of credit of up to $10 million, subject to a cash-secured borrowing base, as defined in the LC Agreement. On December 17, 2010, ICG entered into an amendment to the LC Agreement (the "Amendment"), which, among other things, extends the term through which Comerica is obligated to issue letters of credit under the LC Agreement to December 16, 2011. A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference.


Item 9.01.

Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed herewith:

Exhibit No.

Description

10.1

First Amendment to Amended and Restated Letter of Credit Agreement, dated as of December 17, 2010, by and between Comerica Bank, Internet Capital Group, Inc., ICG Holdings, Inc. and Internet Capital Group Operations, Inc.

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

INTERNET CAPITAL GROUP, INC.

Date: December 21, 2010

 

By:

/s/ Suzanne L. Niemeyer

 

Name:

Suzanne L. Niemeyer

 

Title:

Managing Director, General Counsel and Secretary

 

EXHIBIT INDEX

 

Exhibit No.

Description

10.1

First Amendment to Amended and Restated Letter of Credit Agreement, dated as of December 17, 2010, by and between Comerica Bank, Internet Capital Group, Inc., ICG Holdings, Inc. and Internet Capital Group Operations, Inc.