EXHIBIT 10.36
AMENDMENT TO THE RIGHTS AGREEMENT
This Amendment ("Amendment"), dated November 24, 1997, to the Rights
Agreement, dated October 17, 1996 (the "Rights Agreement"), is entered into by
and among Corinthian Colleges, Inc., a Delaware corporation ("Company"), Primus
Capital Fund III, Limited Partnership, an Ohio limited partnership, BOCP II,
Limited Liability Company, an Ohio limited liability company and successor by
merger to Banc One Capital Partners II, Limited Partnership, Banc One Capital
Partners II Limited Liability Company, an Ohio limited liability company, and
successor to Banc One Capital Partners II, Ltd., Xxxxx X. Xxxxx, Xxxx St.
Pierre, Xxxxx X. XxXxxx, Xxxxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxx.
The parties hereto agree to amend the Rights Agreement as follows:
1. The definition of Underlying Common Stock set forth in Section
1.85 shall be amended to include the Class B Common issuable upon
conversion of the Company's Class A Series 2 Preferred Stock and the Class
A Common issuable upon conversion of the Company's Class A Series 3
Preferred Stock.
2. Except as provided above, the Rights Agreement shall continue in
full force and effect unamended.
* * * * *
The Parties have caused this Agreement to be executed and delivered
effective as of the date first written above.
COMPANY: HOLDERS:
CORINTHIAN COLLEGES, INC. BANC ONE CAPITAL PARTNERS II, LIMITED
LIABILITY COMPANY
By /s/ Xxxxx X. Xxxxx By: BOCP Holdings Corporation,
----------------------------- Manager
Xxxxx X. Xxxxx, President
By___________________________________
EXECUTIVES:
Its: Authorized Signer
/s/ Xxxxx X. Xxxxx
_____________________________________
Xxxxx X. Xxxxx PRIMUS CAPITAL FUND III LIMITED
PARTNERSHIP
/s/ Xxxx St. Pierre
____________________________________ By: Primus Venture Partners, Inc.
Xxxx St. Pierre
By___________________________________
/s/ Xxxxx X. XxXxxx Loyal X. Xxxxxx
____________________________________
Xxxxx X. XxXxxx Its__________________________________
/s/ Xxxxxx X. Xxxxxxxx
____________________________________ BOCP II, LIMITED LIABILITY COMPANY
Xxxxxx X. Xxxxxxxx
By: BOCP Holdings Corporation,
/s/ Xxxxx X. Xxxxxxx Manager
____________________________________
Xxxxx X. Xxxxxxx By___________________________________
Its: Authorized Signer
The Parties have caused this Agreement to be executed and delivered
effective as of the date first written above.
COMPANY: HOLDERS:
CORINTHIAN COLLEGES, INC. BANC ONE CAPITAL PARTNERS II,
LIMITED LIABILITY COMPANY
By By: BCOP Holdings Corporation,
-------------------------------- Manager
Xxxxx X. Xxxxx, President
By
--------------------------------
EXECUTIVES: Its: Authorized Signer
-------------------------------------
Xxxxx X. Xxxxx PRIMUS CAPITAL FUND III LIMITED
PARTNERSHIP
/s/ Xxxx St. Pierre
------------------------------------- By: Primus Venture Partners, Inc.
Xxxx St. Pierre
By
--------------------------------
/s/ Xxxxx X. XxXxxx Loyal X. Xxxxxx
--------------------------------------
Xxxxx X. XxXxxx Its
--------------------------------
/s/ Xxxxxx X. Xxxxxxxx
-------------------------------------- BOCP II, LIMITED LIABILITY COMPANY
Xxxxxx X. Xxxxxxxx
By: BOCP Holdings Corporation,
/s/ Xxxxx X. Xxxxxxx Manager
---------------------------------------
Xxxxx X. Xxxxxxx By
--------------------------------
Its: Authorized Signer
The Parties have caused this Agreement to be executed and delivered
effective as of the date first written above.
COMPANY: HOLDERS:
CORINTHIAN COLLEGES, INC. BANC ONE CAPITAL PARTNERS II,
LIMITED LIABILITY COMPANY
By ___________________________ By: BOCP Holdings Corporation, Manager
Xxxxx X. Xxxxx, President
By __________________________________
EXECUTIVES: Its: Authorized Signer
________________________________
Xxxxx X. Xxxxx PRIMUS CAPITAL FUND III LIMITED
PARTNERSHIP
________________________________ By: Primus Venture Partners, Inc.
Xxxx St. Pierre
By /s/ Loyal X. Xxxxxx
----------------------------------
Loyal X. Xxxxxx
________________________________
Xxxxx X. XxXxxx Its President
---------------------------------
________________________________ BOCP II, LIMITED LIABILITY COMPANY
Xxxxxx X. Davereux
By: BOCP Holdings Corporation, Manager
________________________________ By __________________________________
Xxxxx X. Xxxxxxx
Its: Authorized Signer
