AMENDMENT NO. 1, dated as of January 16, 1998, TO THE AMENDED AND
RESTATED STOCKHOLDERS' AGREEMENT dated as of August 14, 1995 among ACG HOLDINGS,
INC., a Delaware corporation (the "Company"), and each of the other parties
signatory hereto.
WITNESSETH:
WHEREAS, the Company and its stockholders have previously entered into
an Amended and Restated Stockholders' Agreement, dated as of August 14, 1995
(the "Stockholders' Agreement");
WHEREAS, the Company has effected a recapitalization (the
"Recapitalization") of its capital stock, effective as of January 16, 1998,
pursuant to which each outstanding share of Series A Preferred Stock, par value
$.01 per share was reclassified as, and converted into, 0.9174 fully paid and
nonassessable shares of Series AA Preferred Stock, par value $.01 per share, and
each outstanding share of Series B Preferred Stock, par value $.01 per share was
reclassified as, and converted into, 0.9174 fully paid and nonassessable shares
of Series BB Preferred Stock, par value $.01 per share;
WHEREAS, the parties hereto have determined that it is appropriate to
amend the Stockholders' Agreement to reflect the Recapitalization; and
WHEREAS, the execution of this Amendment No. 1 to the Stockholders'
Agreement constitutes the consent to the amendment of the Stockholders'
Agreement of (a) the Company and (b) Stockholders holding Shares representing a
majority of the Common Stock into which Shares held by all the Stockholders'
could be converted as of the date hereof, thereby binding all Stockholders to
the Stockholders' Agreement as amended by this Amendment in accordance with
Section 6.04 of the Stockholders' Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual
agreement and covenants hereinafter set forth, the parties hereto hereby agree
as follows:
SECTION 1. Definitions. Unless otherwise specifically defined herein,
each term used herein which is defined in the Stockholders' Agreement shall have
the meaning assigned to such term in the Stockholders' Agreement.
SECTION 2. Certain Amendments. The Stockholders' Agreement is
hereby amended as follows:
(a) The term "Series A Preferred" shall be deleted wherever it appears
in the Stockholders' Agreement and the term "Series AA Preferred" shall be
substituted therefor; and
(b) The term "Series B Preferred" shall be deleted wherever it appears
in the Stockholders' Agreement and the term "Series BB Preferred" shall be
substituted therefor.
SECTION 3. Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.
SECTION 4. Effect of Amendments; References. (a) Except as expressly
set forth herein, the amendments contained herein shall not constitute an
amendment of any term or condition of the Stockholders' Agreement, and all such
terms and conditions shall remain in full force and effect and are hereby
ratified and confirmed in all respects.
(b) Each reference to "this Agreement" and each other similar reference
contained in the Stockholders' Agreement shall from and after the date hereof
refer to the Stockholders' Agreement as amended by this Amendment.
SECTION 5. Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed in their individual capacity or by their respective authorized
signatories thereunto duly authorized effective the date first written above.
THE XXXXXX XXXXXXX LEVERAGED
EQUITY FUND II, L.P.
By: Xxxxxx Xxxxxxx Leveraged Equity Fund II, Inc.,
as general partner
By:
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Name:
Title:
XXXXXX XXXXXXX CAPITAL
PARTNERS III, L.P.
By: MSCP III, L.P., as general partner
By: Xxxxxx Xxxxxxx Capital Partners III, Inc.
as general partner
By:
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Name:
Title:
XXXXXX XXXXXXX CAPITAL
INVESTORS, L.P.
By: MSCP III, L.P., as general partner
By: Xxxxxx Xxxxxxx Capital Partners III, Inc.
as general partner
By:
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Name:
Title:
MSCP III 892 INVESTORS, L.P.
By: MSCP III, L.P., as general partner
By: Xxxxxx Xxxxxxx Capital Partners III, Inc.,
as general partner
By:
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Name:
Title: