AMENDMENT NO. 1
TO
AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT
THIS AMENDMENT NO. 1 TO THE AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT is
effective as of February 22, 2000 and is entered into by and among Nextel
Partners, Inc., a Delaware corporation (the "Company") and the shareholders
listed on the signature pages hereto.
WHEREAS, the parties hereto are parties to that certain Shareholders'
Agreement, dated as of January 29, 1999 (the "Original Shareholders' Agreement")
as amended and restated on February 18, 2000, by and among the Company and the
other parties specified therein (the "Shareholders' Agreement");
WHEREAS, the parties have determined to amend the Shareholders' Agreement
in accordance with Section 8.04 thereof, as provided herein;
NOW, THEREFORE, each of the parties hereto agrees to amend the
Shareholders' Agreement as follows:
1. DEFINITIONS.
(a) Capitalized terms used but not otherwise defined herein shall
have the meanings ascribed to them in the Shareholders'
Agreement.
(b) For purposes of Article 3 of the Shareholders' Agreement, the
term "Shares" shall mean only those Shares purchased by a
Shareholder pursuant to the Subscription Agreement, the
Restricted Stock Purchase Agreement, that certain Expansion
Subscription and Contribution Agreement dated September 9, 1999
among Nextel Partners, Inc. and the Buyers specified therein, and
any Shares purchased or that may be purchased by a Shareholder in
exercise of any of its rights, including without limitation, its
anti-dilution rights, that are or were set forth in the Original
Shareholders' Agreement or the Shareholders' Agreement.
2. ANTIDILUTIVE RIGHTS ON OPTION TERRITORY EXERCISE. Section 5.01(b) of
the Shareholders' Agreement is deleted in its entirety.
3. CERTAIN PARTIES CEASE TO BE SHAREHOLDERS.
(a) From and after February 22, 2000, the entities and/or individuals
identified on Exhibit A attached hereto and incorporated herein
by this reference shall be removed from the Shareholders'
Agreement and shall no longer be bound by any of its terms and
conditions or
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be entitled to any of the rights and benefits thereunder except
as otherwise set forth in that certain Registration Rights
Agreement dated as of February 22, 2000 by and among Nextel
Partners, Inc. and the other signatories thereto (the "Piggyback
Rights Agreement").
(b) The Company shall not consent to any amendment to the Piggyback
Rights Agreement that gives the parties thereto greater rights in
connection with a registration effected under Article 6 of the
Shareholders Agreement without the consent of Shareholders whose
consent would be necessary to amend the Shareholders' Agreement.
4. OTHER MATTERS.
(a) As long as any Shareholder is considered, by virtue of the
Shareholders' Agreement, to be part of a group (consisting of
such Shareholders and all other Shareholders) that is deemed to
be a "person" (as that term is used in Section 13(d)(3) of the
Exchange Act), each such Shareholders identified on Exhibit B
confirms that (i) its beneficial ownership of the Company's
Capital Stock set forth opposite such Shareholder's names is true
and complete as of February 22, 2000; (ii) it holds such Company
Capital Stock for investment; and (iii) it has sole voting and
dispositive power over such Company Capital Stock.
(b) Each Shareholder shall notify the Company and each other
Shareholder as soon as practicable and in any event within two
business days of (i) any acquisition, disposition or other change
in ownership of Company Capital Stock or any other transaction
that in any way changes or otherwise affects such Shareholder's
beneficial ownership (as defined for purposes of the Exchange
Act) of Company Capital Stock; (ii) such Shareholder's change in
beneficial ownership following such transaction or event referred
to in clause (i) above; (iii) any change in such Shareholders'
investment intent; (iv) any change in such Shareholders' voting
or dispositive power over the Company Capital Stock beneficially
owned by such Shareholder; and (v) any other additional
information relevant for purposes of group filing matters. Any
notice given under this Section 4 shall include information
required to enable Shareholders to comply with the reporting
requirements of the Exchange Act and shall include all
information described in clauses (i) through (v) above.
SIGNATURE PAGES TO FOLLOW
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EXHIBIT A
TO
AMENDMENT NO. 1
TO
AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT
PERSONS NO LONGER A PARTY
Cascade Investments, L.L.C.
0000 Xxxxxxxx Xxxxx
Xxxxxxxx, Xxxxxxxxxx 00000
Madrona Investment Group, L.L.C.
0000 Xxxxxx Xxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxxxx 00000
Ampersand Holdings, L.L.C.
0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxx Xxxxxxx, Xxxxxxxxxx 00000
Xxxxxx X. Xxxxxx, Xx.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxxxxx 00000
Xxxxxx Xxxxxxxx
0000 Xxxxxxxx Xxxxx
Xxxxxxxx, Xxxxxxxxxx
General Electric Capital Corporation
c/o GE Capital Services
Structured Finance Group, Inc.
000 Xxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000
NMS Capital, L.P.
0 Xxxx 00xx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Ares Leveraged Investment Fund, L.P.
0000 Xxxxxx xx xxx Xxxxx
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
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Ares Leveraged Investment Fund II, L.P.
1999 Avenue of the Stars
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
The Xxxx Alternative Income Fund, L.P.
1776 On the Green
00 Xxxx Xxxxx
Xxxxxxxxxx, XX 00000
TCW/Crescent Mezzanine Partners II, L.P.
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
TCW/Crescent Mezzanine Trust II
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
TCW Shared Opportunity Fund III, L.P.
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Shared Opportunity Fund IIB, LLC
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
TCW Shared Opportunity Fund II, L.P.
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
TCW Leveraged Income Trust II, L.P.
00000 Xxxxx Xxxxxx Xxxx.
Xxx Xxxxxxx, XX 00000
TCW Leveraged Income Trust, L.P.
00000 Xxxxx Xxxxxx Xxxx.
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
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Xxxxxx Xxxxxx Xxxxxx, Jr.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000
Xxxxxxxxx Xxxxxx Xxxxxx
Xxxxx Xxxxxx, Custodian
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000
Xxxxxxx Xxxxxxxxx Xxxxxx
Xxxxx Xxxxxx, Custodian
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000
Xxxxxx X. Xxxxxxx
0000 Xxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
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EXHIBIT B
TO
AMENDMENT NO. 1
TO
AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT
-----------------------------------------------------------------------------------
SHAREHOLDER COMPANY CAPITAL STOCK BENEFICIALLY OWNED
-----------------------------------------------------------------------------------
DLJ Merchant Banking Ptr. II LP 17,973,750 Class A Common
-----------------------------------------------------------------------------------
DLJ Merchant Banking Ptr. II-A, LP 715,800 Class A Common
-----------------------------------------------------------------------------------
DLJ Offshore Partners II, CV 883,854 Class A Common
-----------------------------------------------------------------------------------
DLJ Diversified Partners, LP 1,050,822 Class A Common
-----------------------------------------------------------------------------------
DLJ Diversified Partners-A, LP 390,246 Class A Common
-----------------------------------------------------------------------------------
DLJ EAB Partners, LP 80,700 Class A Common
-----------------------------------------------------------------------------------
DLJ ESC II, LP 3,389,388 Class A Common
-----------------------------------------------------------------------------------
DLJ First ESC, LP 34,590 Class A Common
-----------------------------------------------------------------------------------
DLJ Millenium Partners, LP 290,616 Class A Common
-----------------------------------------------------------------------------------
DLJ Millenium Partners-A, LP 56,676 Class A Common
-----------------------------------------------------------------------------------
DLJMB Funding II, Inc. 3,265,926 Class A Common
-----------------------------------------------------------------------------------
UK Investment Plan 1997 Partners 400,764 Class A Common
-----------------------------------------------------------------------------------
Madison Dearborn Capital Ptrs II, LP 27,218,904 Class A Common
-----------------------------------------------------------------------------------
Eagle River Investments LLC 19,500,012 Class A Common
-----------------------------------------------------------------------------------
Motorola, Inc. 13,076,376 Class A Common
-----------------------------------------------------------------------------------
Nextel Partners Management 9,831,636 Class A Common
-----------------------------------------------------------------------------------
Nextel WIP Corp. 77,782,626 Class B Common
13,110,000 Series B Preferred
-----------------------------------------------------------------------------------
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