THIRD AMENDMENT
EXHIBIT 3.4
THIRD AMENDMENT
TO THE
SECOND AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT
OF
GROVE INVESTORS LLC
This Third Amendment (the "AMENDMENT") to the Second Amended and Restated
Limited Liability Company Agreement (this "AGREEMENT") of GROVE INVESTORS LLC, a
Delaware limited liability company (the "COMPANY"), is made as of April 7, 1999.
WHEREAS, the Company was formed under the laws of the State of Delaware by
filing a certificate of formation with the Secretary of State of the State of
Delaware pursuant to an Operating Agreement, dated as of January 15, 1998.
WHEREAS, the Members whose names are set forth on Exhibit A (the "EXHIBIT A
MEMBERS") recognize that the respective balances in their Capital Accounts as of
December 31, 1998 may exceed their respective Percentage Interests of the total
Capital Accounts of all Members as of such date (the "DISPARITY").
WHEREAS, the Members wish to amend the Second Amended and Restated Limited
Liability Company Agreement of the Company dated as of June 27, 1998 as set
forth below to eliminate the Disparity as quickly as possible.
NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Members hereby agree as
follows:
FIRST: For taxable year 1999 only, prior to the allocation of Net Income or
Net Loss, items of gross deduction will first be allocated to the Exhibit A
Members in a manner necessary to cause to the maximum extent possible, the ratio
of the Modified Capital Account balances of all Members to equal the ratio of
their respective Percentage Interests.
SECOND: For taxable year 1999 only, the definition of "Net Income" and "Net
Loss" shall be amended to provide that items of deduction specially allocated
pursuant to this Amendment shall also be excluded from the calculation of such
taxable income or loss for such taxable year 1999.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed on the date first above written.
MEMBERS
OAK HILL STRATEGIC PARTNERS, L.P.
By: FW Strategic Asset Management, L.P.
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By: Strategic Gen Par, Inc.
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By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
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Title:
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Address: 000 Xxxx Xxxxxx
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Xxxx Xxxxx, Xxxxx 00000
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XX XXXXX COINVESTORS, L.P.
By: FW Group Genpar, Inc.
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By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
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Title:
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Address: 000 Xxxx Xxxxxx
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Xxxx Xxxxx, Xxxxx 00000
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SUNAPEE SECURITIES, INC.
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
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Title: Treasurer
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Address: Two Copely Place
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Xxxxxx, Xxxxxxxxxxxxx 00000
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SQUAM LAKE INVESTORS, II, L.P.
By: GPI, Inc., its General Partner
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By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
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Title: Treasurer
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Address: Two Copely Place
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Xxxxxx, Xxxxxxxxxxxxx 00000
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DLJ CAPITAL CORPORATION
By: /s/ Xxx Xxxxx
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Name: Xxx Xxxxx
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Title:
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Address: 000 Xxxx Xxxxxx
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Xxx Xxxx, Xxx Xxxx 00000
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DLJ PRIVATE EQUITY PARTNERS FUND, L.P.
By:
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By: /s/ Xxx Xxxxx
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Name: Xxx Xxxxx
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Title:
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Address:
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DLJ INVESTMENT PARTNERS II, L.P.
By:
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By: /s/ Xxx Xxxxx
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Name: Xxx Xxxxx
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Title:
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Address:
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GGEP-GROVE, L.P.
By: Xxxxxx Group Inc.,
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its General Partner
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
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Title:
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Address: One Galleria Tower
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00000 Xxxx Xxxx
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Suitte 1100
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Xxxxxx, Xxxxx 00000
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XXXXXXX X. XXXXXX
/s/ Xxxxxxx X. Xxxxxx
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Address: One Galleria Tower
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00000 Xxxx Xxxx, Xxxxx 0000
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Xxxxxx, Xxxxx 00000
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XXXXXXXXX X. XXXXXXX
/s/ Xxxxxxxxx X. Xxxxxxx
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Address:
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XXX XXXXXXXXXX
/s/ Xxx Xxxxxxxxxx
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Address:
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XXXX BUST
/s/ Xxxx Bust
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Address:
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XXXXXXX XXXXX
/s/ Xxxxxxx Xxxxx
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Address:
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XXXXXX XXXXX
/s/ Xxxxxx Xxxxx
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Address:
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DONALD MANVEL
/s/ Donald Manvel
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Address:
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XXXXXX XXXXX
/s/ Xxxxxx Xxxxx
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Address:
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XXXXX XXXXXXX
/s/ Xxxxx Xxxxxxx
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Address:
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XXXX XXXXXXX
/s/ Xxxx Xxxxxxx
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Address:
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EXHIBIT A
EXHIBIT A MEMBERS
Xxxxxxxxx X. Xxxxxxx
Xxx Xxxxxxxxxx
Xxxx Bust
Xxxxxxx Xxxxx
Xxxxxx Xxxxx
Xxxxxx Xxxxx
Xxxxx Xxxxxxx
Xxxx Xxxxxxx
