EXHIBIT 10.16
AMENDMENT (this "Amendment") dated July 21, 2005 to the
Stockholders Agreement (as amended or modified from time to
time the "Agreement") dated as of April 18, 2002 among Pike
Electric Corporation, a Delaware corporation, as successor by
merger to Pike Holdings, Inc., the Rollover Holders (as
defined therein), the Management Stockholders (as defined
therein) and LGB Pike II LLC, a Delaware limited liability
company, as successor to LGB Pike LLC. Capitalized terms used
but not defined herein shall have the meanings assigned to
them in the Agreement.
1. Termination of Certain Sections. Sections 2.01, 2.02, 7.06, 7.07(a) and
7.07(b) of the Agreement shall terminate upon the closing of the Initial Public
Offering.
2. Except as otherwise provided for herein, this Amendment shall be
governed in accordance with Article VII of the Agreement.
3. As of the date hereof, all references in any document to the Agreement
shall be deemed to be references to the Agreement as modified by this Amendment,
and, except as specifically amended hereby, the Agreement shall continue in full
force and effect in accordance with the provisions thereof.
IN WITNESS WHEREOF, each of the undersigned has duly executed this
Amendment as of the date first written above.
PIKE ELECTRIC CORPORATION,
by
/s/ J. Xxxx Xxxx
---------------------------------
Name: J. Xxxx Xxxx
Title: President and Chief
Executive Officer
LGB PIKE ii LLC,
by XXXXXXX XXXXXXXX & BESSEMER L.P.,
its manager,
by XXXXXXX XXXXXXXX & BESSEMER GP L.P.,
its general partner,
by XXXXXXX XXXXXXXX & BESSEMER GP LLC,
its general partner,
by
/s/ Xxxx X. Xxxxxxxx
---------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Authorized Signatory
by
/s/ Xxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Authorized Signatory
