EXHIBIT 4.6
Amendment No. 1, dated as of May 23, 2000 (the "Amendment"), among
Dynatech Corporation, a Delaware corporation (the "Company"), Xxxxxxx, Dubilier
& Rice Fund V Limited Partnership, a Cayman Islands limited partnership ("Fund
V"), and Xxxxxxx, Dubilier & Rice Fund VI Limited Partnership, a Cayman Islands
limited partnership ("Fund VI"), to the Registration Rights Agreement, dated as
of May 21, 1998 (the "Registration Rights Agreement"), among the Company, Fund V
and the other parties thereto. Capitalized terms used herein without definition
have the meanings ascribed thereto in the Registration Rights Agreement.
WHEREAS, in order to finance the merger of a subsidiary of the Company
and Wavetek Xxxxxx Xxxxxxxxxx, Inc., the Company sold 12.5 million and 30.625
million newly-issued but unregistered shares of Common Stock to Fund V and Fund
VI, respectively, for $4.00 per share, in each case pursuant to a stock
subscription agreement, dated as of the date hereof (each a "Fund Stock
Subscription Agreement"), between the Company and Fund V and Fund VI,
respectively;
WHEREAS, the Company, Fund V and Fund VI desire to amend the
Registration Rights Agreement to provide registration rights to each of Fund V
and Fund VI in respect of the shares of Common Stock purchased pursuant to the
Fund Stock Subscription Agreements;
NOW, THEREFORE, in consideration of the premises and the mutual
promises and agreements herein made, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:
1. Amendment to Section 2. Section 2 of the Registration Rights
Agreement is amended as follows:
(a) to add the following definitions:
"Fund V": Xxxxxxx, Dubilier & Rice Fund V Limited Partnership, a
Cayman Islands limited partnership and
"Fund VI": Xxxxxxx, Dubilier & Rice Fund VI Limited Partnership,
a Cayman Islands limited partnership.
(b) to amend the definition of "Registrable Securities" to read in
its entirety as follows:
"Registrable Securities": (a) The Common Stock (i) received by
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Fund V, the Manager and the Trusts as a result of the Merger,
(ii) issued to each of Fund V and Fund VI pursuant to the Fund
Stock Subscription Agreements or (iii) issued to Individual
Investors pursuant to a stock subscription agreement or other
agreement that provides that such Common Stock shall be
Registrable Securities, (b) any shares
of Common Stock issued pursuant to the terms of, and under the
circumstances set forth in, Section 4, and (c) any securities
issued or issuable with respect to any Common Stock referred to
in the foregoing clauses (w) upon any conversion or exchange
thereof, (x) by way of stock dividend or stock split, (y) in
connection with a combination of shares, recapitalization,
merger, consolidation or other reorganization or (z) otherwise,
in all cases subject to the last paragraph of Section 3.3. As to
any particular Registrable Securities, once issued such
securities shall cease to be Registrable Securities when (A) a
registration statement (other than a Special Registration
pursuant to which such securities were issued by the Company)
with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have
been disposed of in accordance with such registration statement,
(B) such securities shall have been distributed to the public in
reliance upon Rule 144, (C) such securities shall have been
otherwise transferred, new certificates for such securities not
bearing a legend restricting further transfer shall have been
delivered by the Company and subsequent disposition of such
securities shall not require registration or qualification of
such securities under the Securities Act or any similar state law
then in force, or (D) such securities shall have ceased to be
outstanding.
2. Amendment to Section 4.4. Section 4.4 of the Registration Rights
Agreement is amended as follows:
(a) to amend Clause (iii) to read in its entirety as follows:
(iii) if to Fund V, to:
Xxxxxxx, Dubilier & Rice
Fund V Limited Partnership
0000 Xxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxx; and
(b) to add a new clause (iv) as follows:
(iv) if to Fund VI, to:
Xxxxxxx, Dubilier & Rice
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Fund VI Limited Partnership
0000 Xxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxx.
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3. Amendment of Reference to "Fund". The references to the "Fund"
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in Section 1(c), the definition of "Affiliate" in Section 2, and the first
paragraph of Section 4.4 shall be amended to refer to both Fund V and Fund VI.
4. Confirmation of Registration Rights Agreement. Other than as
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expressly modified pursuant to this Amendment, all provisions of the
Registration Rights Agreement remain unmodified and in full force and effect.
5. Miscellaneous. This Amendment shall be governed by and construed
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in accordance with the internal laws of the State of New York without giving
effect to any choice or conflict of law provision or rule to the extent such
provision or rule would require or permit the application of the laws of any
jurisdiction other than the State of New York. This Amendment may be executed
in one or more counterparts, each of which shall be deemed an original and all
of which shall together constitute one and the same instrument and shall bind
and inure to the benefit of the parties and their respective successors and
assigns.
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IN WITNESS WHEREOF, each of the undersigned has executed this
Amendment as of the date first written above.
DYNATECH CORPORATION
By: /s/ Xxxx Xxxxxxxx
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Name: Xxxx X.X. Xxxxxxxx
Title: Corporate Vice President and
General Counsel
XXXXXXX, DUBILIER & RICE
FUND V LIMITED PARTNERSHIP
By: CD&R Associates V Limited Partnership,
its general partner
By: CD&R Investment Associates II, Inc.,
a general partner
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: President, Chief Executive Officer,
Secretary and Assistant Treasurer
XXXXXXX, DUBILIER & RICE
FUND VI LIMITED PARTNERSHIP
By: CD&R Associates VI Limited Partnership,
the general partner
By: CD&R Investment Associates VI, Inc.,
its general partner
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: President, Chief Executive Officer,
Secretary and Assistant Treasurer
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