Amendment to the Stockholders Agreement. The Stockholders Agreement is hereby amended as follows:
Amendment to the Stockholders Agreement. 1. Section 1.1 of the Stockholders Agreement is hereby amended and restated in its entirety and replaced with the following:
Amendment to the Stockholders Agreement. The following definition contained in Section 11 of the Stockholders Agreement shall be deleted and replaced in its entirety by the following definition:
Amendment to the Stockholders Agreement. (a) Section 9.2 of the Stockholders Agreement shall be amended as follows: the reference to the number “1,281,464” in the definition of “Additional Equity Amount” shall be deleted and replaced with “1,282,100”.
Amendment to the Stockholders Agreement. (a) The definition of “Investor” in the Stockholders’ Agreement is hereby amended to collectively refer to Invus, L.P., Invus C.V., Invus Public Equities, L.P., Artal International S.C.A and any of their respective affiliates.
Amendment to the Stockholders Agreement. Section 22 of each of the Stockholder’s Agreements hereby is deleted in its entirety.
Amendment to the Stockholders Agreement. Pursuant to Section 18 of the Stockholders’ Agreement, Section 10 of the Stockholders’ Agreement is hereby amended to delete such Section in its entirety and to insert, in lieu thereof, the following:
Amendment to the Stockholders Agreement. 1. Section 1.1 of the Stockholders Agreement is hereby amended and restated in its entirety and replaced with the following: “Size of the Board. Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at seven (7) directors. For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.”
Amendment to the Stockholders Agreement. Upon the effectiveness of this Amendment, the Stockholder's Agreement shall be and is hereby amended as set forth in paragraph (a) below.
Amendment to the Stockholders Agreement. The Issuers covenant and agree that no later than February 28, 1998, the Stockholders' Agreement shall be amended as follows: (1) the percentage limitations on ownership of interests in the Corporation shall be increased to 30% from 10%; and (2) the "Book Value" of the Corporation shall be deemed to be one million dollars; and (3) a representative of Xxxxxxx and a representative of CT shall be nominated and elected to the board of directors of PMN.
