Exhibit 10.12
[EXECUTION COPY]
FIRST AMENDMENT AND ACKNOWLEDGMENT
TO SECURITYHOLDERS AGREEMENT
This First Amendment and Acknowledgment to Securityholders Agreement (this
"AMENDMENT"), dated as of April 6, 2004, is made to the Securityholders
Agreement (the "AGREEMENT"), dated as of February 6, 2004, by and among
Medtech/Denorex, LLC, a Delaware limited liability company (n/k/a Prestige
International Holdings, LLC, the "COMPANY"), and certain of its securityholders.
Each capitalized term used herein but not otherwise defined shall have the
meaning ascribed to such term in the Agreement.
WHEREAS, concurrently herewith, the Company is indirectly acquiring all of
the outstanding shares of capital stock of Xxxxxx Bay Holdings, Inc., a Virginia
corporation and ultimate parent of Prestige Brands International, Inc. (the
"ACQUISITION"); and
WHEREAS, in connection the Acquisition and in order to better reflect the
intent of the parties, the undersigned desire to amend certain terms of the
Agreement, make certain acknowledgments with respect to the Agreement and
reaffirm the other terms and provisions of the Agreement.
NOW, THEREFORE, effective upon consummation of the Acquisition, the
undersigned, intending to be legally bound, hereby agree as follows:
1. Each reference, if any, in the Agreement to any of the entities identified
below shall be deemed a reference to such entity's new name, as indicated:
(a) Medtech/Denorex, LLC n/k/a Prestige International Holdings, LLC;
(b) SNS Household Holdings, Inc. n/k/a Prestige Household Holdings, Inc.;
(c) SNS Household Brands, Inc. n/k/a Prestige Household Brands, Inc.;
(d) Medtech Acquisition Holdings, Inc. n/k/a Prestige Products Holdings,
Inc.;
(e) Medtech Acquisition, Inc. n/k/a Prestige Brands, Inc.;
(f) Medtech/Denorex Management, Inc. n/k/a Prestige Brands, Inc., as
successor by merger;
(g) Denorex Acquisition Holdings, Inc. n/k/a Prestige Personal Care
Holdings, Inc.; and
(h) Denorex Acquisition, Inc. n/k/a Prestige Personal Care, Inc.
2. In Section 3(c) of the Agreement, the defined term "GTCR Purchasers" shall
be deleted and replaced with the defined term "GTCR Investors" in lieu
thereof.
3. The definition provided for the defined term "LLC Agreement" shall be
deleted in its entirety and replaced with the following in lieu thereof:
"means the Third Amended and
Restated Limited Liability Company Agreement of Prestige International
Holdings, LLC (f/k/a Medtech/Denorex, LLC), dated as of April 6, 2004, as
amended or modified from time to time, among the parties from time to time
party thereto."
4. The definition provided for the defined term "Senior Management Agreements"
shall be deleted in its entirety and replaced with the following in lieu
thereof: "means, collectively, those Senior Management Agreements entered
into among the Company, Medtech/Denorex Management, Inc. (n/k/a Prestige
Brands, Inc.), a Delaware corporation, and each of Xxxxx X. Xxxx, Xxxxx
Xxxxxxxx, Xxxxxxx Xxxx, Xxxxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xxxxxxx Xxxxxxx,
Xxxxx Xxxxxxxxxx and Xxxxx Xxxxxxx and any other agreements for the sale of
equity securities between the Company and any employees of the Company or
its Subsidiaries, as approved by the Board."
5. The defined term "Subordinated Indebtedness" shall be disregarded for all
purposes of the Agreement as the Subordinated Indebtedness has been paid in
full.
6. Any notices sent to Xxxxxxxx & Xxxxx LLP pursuant to the terms of the
Agreement shall be sent to the attention of Xxxxx X. Xxxxxxx, P.C. and
Xxxxxxxxxxx X. Xxxxxx.
7. The SCHEDULE OF SECURITYHOLDERS attached to the Agreement shall be replaced
and superseded in its entirety by the SCHEDULE OF SECURITYHOLDERS attached
hereto.
8. Except for the changes noted above, the Agreement shall remain in full
force and effect and any dispute under this Amendment shall be resolved in
accordance with the terms of the Agreement, including, but not limited to,
Section 21 thereof (Governing Law).
9. This Amendment may be executed in any number of counterparts (including by
means of facsimiled signature pages), which shall together constitute one
and the same instrument.
* * * * * *
2
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
and Acknowledgment to Securityholders Agreement on the date first written above.
PRESTIGE INTERNATIONAL
HOLDINGS, LLC
By: /S/ XXXXX X. XXXX
--------------------------------
Name: Xxxxx X. Xxxx
--------------------------------
Title: CEO
--------------------------------
GTCR FUND VIII, L.P.
By: GTCR Partners VIII, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By: /S/ XXXXX X. XXXXXXX
------------------------------------
Name: Xxxxx X. Xxxxxxx
Its: Principal
GTCR FUND VIII/B, L.P.
By: GTCR Partners VIII, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By: /S/ XXXXX X. XXXXXXX
------------------------------------
Name: Xxxxx X. Xxxxxxx
Its: Principal
GTCR CO-INVEST II, L.P.
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By: /S/ XXXXX X. XXXXXXX
------------------------------------
Name: Xxxxx X. Xxxxxxx
Its: Principal
[Signature Page to First Amendment and Acknowledgement to
Securityholders Agreement]
GTCR CAPITAL PARTNERS, L.P.
By: GTCR Mezzanine Partners, L.P.
Its: General Partner
By: GTCR Partners VI, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx, L.L.C.
Its: General Partner
By: /S/ XXXXX X. XXXXXXX
------------------------------------
Name: Xxxxx X. Xxxxxxx
Its: Principal
TCW/CRESCENT MEZZANINE
PARTNERS III, L.P.
TCW/CRESCENT MEZZANINE TRUST III
TCW/CRESCENT MEZZANINE
PARTNERS III NETHERLANDS, L.P.
By: TCW/Crescent Mezzanine
Management III, L.L.C.,
its Investment Manager
By: TCW Asset Management Company,
its Sub-Advisor
By: /S/ XXXXXXX X. XXXXXXXX
------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Managing Director
/S/ XXXXX X. XXXX
---------------------------------------
Xxxxx X. Xxxx
/S/ XXXXX X. XXXXXXXX
---------------------------------------
Xxxxx X. Xxxxxxxx
/S/ XXXXXXX X. XXXX
---------------------------------------
Xxxxxxx X. Xxxx
[Signature Page to First Amendment and Acknowledgement to
Securityholders Agreement]
/S/ XXXXXX X. XXXXXX
---------------------------------------
Xxxxxx X. Xxxxxx
/S/ XXXX X. XXXXXX
---------------------------------------
Xxxx X. Xxxxxx
/S/ XXXXXXX XXXXXXX
---------------------------------------
Xxxxxxx Xxxxxxx
/S/ XXXXX XXXXXXXXXX
---------------------------------------
Xxxxx Xxxxxxxxxx
/S/ XXXXX XXXXXXX
---------------------------------------
Xxxxx Xxxxxxx
[Signature Page to First Amendment and Acknowledgement to
Securityholders Agreement]
SCHEDULE OF SECURITYHOLDERS
IF TO THE GTCR PURCHASERS:
GTCR Fund VIII, L.P.
GTCR Fund VIII/B, L.P.
GTCR Co-Invest II, L.P.
c/o GTCR Xxxxxx Xxxxxx XX, L.L.C.
0000 Xxxxx Xxxxx
Xxxxxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxx
Facsimile: (000) 000-0000
WITH A COPY TO:
Xxxxxxxx & Xxxxx LLP
000 Xxxx Xxxxxxxx Xxxxx
Xxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxx, P.C. and Xxxxxxxxxxx X. Xxxxxx
Facsimile: (000) 000-0000
IF TO GTCR CAPITAL PARTNERS:
GTCR Capital Partners, L.P.
0000 Xxxxx Xxxxx
Xxxxxxx, XX 00000-0000
Attention: Xxxxx Xxxx
Facsimile: (000) 000-0000
WITH A COPY TO:
Xxxxxxxx & Xxxxx LLP
000 Xxxx Xxxxxxxx Xxxxx
Xxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxx, P.C. and Xxxxxxxxxxx X. Xxxxxx
Facsimile: (000) 000-0000
IF TO THE TCW/CRESCENT LENDERS AND/OR TCW/CRESCENT PURCHASERS:
TCW/Crescent Mezzanine Partners III, L.P.
TCW/Crescent Mezzanine Trust III
TCW/Crescent Mezzanine Partners III Netherlands, L.P.
x/x XXX/Xxxxxxxx Xxxxxxxxx, X.X.X.
000 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxx
Facsimile: (000) 000-0000
WITH A COPY TO:
Gardere Xxxxx Xxxxxx LLP
3000 Thanksgiving Tower
0000 Xxx Xxxxxx
Xxxxxx, Xxxxx 00000
Attention: Xxxx X. Xxxxx
Facsimile: (000) 000-0000
Xxxxx X. Xxxx
X.X. Xxx 00
Xxxxxxx Xxxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Xxxxxx LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxxx X. Xxxxxxxx
000 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Xxxxxx LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxxxx X. Xxxxxx
00 Xxxxx Xxxx
Xxxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Gleser LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxxxxx X. Xxxx
00 Xxxx Xxxxxxxxxx
Xxxxxxxxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Xxxxxx LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxx X. Xxxxxx
00 Xxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Gleser LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxxxxx Xxxxxxx
00 Xxxxx Xxxx Xxx
Xxxxx, XX 00000
Facsimile: (000) 000-0000
WITH A COPY TO:
Ford Xxxxxx Xxxxxxxx & Gleser LLP
Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxx
Facsimile: (000) 000-0000
Xxxxx Xxxxxxxxxx
0000 Xxxxx Xxxxx Xxxx Xxx. 000
Xxxxxx Xxxxxxx, Xxxxxxx 00000
Xxxxx Xxxxxxx
0 Xxxx Xxxx
Xxxxxxxx, Xxx Xxxxxx 00000
OTHER SECURITYHOLDERS:
