AMENDMENT NO. 9 TO AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT
Exhibit 10.2(i)
AMENDMENT NO. 9
TO
AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT
THIS AMENDMENT NO. 9 TO THE AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT is effective as of March , 2004 and is entered into by and among Nextel Partners, Inc., a Delaware corporation (the “Company”), and the shareholders listed on the signature pages hereto (collectively, the “Signatories”).
WHEREAS, the parties hereto are parties to that certain Shareholders’ Agreement, dated as of January 29, 1999, as amended and restated on February 18, 2000, by and among the Company and the other parties specified therein, as further amended by Amendment No. 1 thereto effective as of February 22, 2000, by and among the Company and the other parties specified in such Amendment No. 1, as further amended by Amendment No. 2 thereto effective as of March 20, 2001, by and among the Company and the other parties specified in such Amendment No. 2, as further amended by Amendment No. 3 thereto effective as of April 18, 2001, by and among the Company and the other parties specified in such Amendment No. 3, as further amended by Amendment No. 4 thereto effective as of July 25, 2001 , by and among the Company and the other parties specified in such Amendment No. 4, as further amended by Amendment No. 5 thereto effective as of June 13, 2002, by and among the Company and the other parties specified in such Amendment No. 5, as further amended by Amendment No. 6 thereto effective July 24, 2002 by and among the Company and the other parties specified in such Amendment No. 6, as further amended by Amendment No. 7 thereto effective October 18, 2002 by and among the Company and the other parties specified in such Amendment No. 7; and as further amended by Amendment No. 8 thereto effective May 12, 2003 by and among the Company and the other parties specified in such Amendment No. 8 (collectively, 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. Section 2.07. Existing Section 2.07 of the Shareholders’ Agreement is hereby deleted and replaced in its entirety with the following new Section 2.07:
“Section 2.07. Actions Requiring Shareholder Approval. In addition to any approvals required under Sections 2.06(a) and 2.06(b) and any approvals required under applicable law, (x) any merger or consolidation of the Company with or into any Person, other than a wholly-owned Subsidiary, or of any other Subsidiary with or into any Person other than the Company or any other wholly-owned Subsidiary, or (y) any sale of any Subsidiary or any significant operations of the Company or any Subsidiary or any acquisition or disposition of assets, business, operations or securities by the Company or any Subsidiary (in a single transaction or a
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series of related transactions) having a value in each case in this clause (y) in excess of $25,000,000, will require the affirmative approval of at least 50% of the Voting Stock held by the Non-Nextel Shareholders; and (z) any amendment to the Company’s Bylaws that has been proposed and approved by the Company’s Board of Directors (other than those amendments specifically set forth below and any amendments that are approved by the stockholders of the Company) shall require the affirmative approval of at least 50% of the Voting Stock held by the Shareholders. The parties agree that the following amendments to the Bylaws shall not require further approval under this Section 2.07:
• granting the Company the authority to communicate with stockholders electronically and to hold stockholder meetings by means of remote communication;
• fixing the number of directors at seven, unless modified by approval of a supermajority of the directors then in office;
• providing that only the Company’s chief executive officer or a majority of the board of directors may call or propose matters to be discussed at a special meeting of stockholders;
• requiring stockholders to provide 90 days advance notice and to comply with certain other procedural requirements when bringing matters before the annual stockholders’ meeting;
• granting the board of directors broad authority to designate officers and their powers and duties, and eliminating the specific powers and duties for each officer previously enumerated in the Bylaws; and
• adopting procedures applicable to all stockholder meetings, including granting the meeting’s presiding officer the authority to govern and/or adjourn the meeting.
2. Definitions.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Shareholders’ Agreement.
SIGNATURE PAGES FOLLOW
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 9 to Amended and Restated Shareholders’ Agreement to be duly executed by their respective authorized officers.
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NEXTEL PARTNERS, INC., a Delaware |
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/s/ XXXX XXXXXXX |
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Name: Xxxx Xxxxxxx |
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Title: President, CEO and Chairman |
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NEXTEL WIP CORP., a Delaware corporation |
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/s/ XXXX X. XXXXX |
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Name: Xxxx X. Xxxxx |
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Title: Executive Vice President and Chief Financial Officer |
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DLJ MERCHANT BANKING PARTNERS II, |
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DLJ MERCHANT BANKING PARTNERS II-A, |
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DLJ Merchant Banking II, Inc., as managing |
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DLJ OFFSHORE PARTNERS II, C.V.,a |
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DLJ Merchant Banking II, Inc., as advisory |
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DLJ DIVERSIFIED PARTNERS, L.P., a Delaware |
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DLJ Diversified Partners, Inc., as managing |
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DLJ DIVERSIFIED PARTNERS-A, L.P., a |
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DLJ Diversified Partners, Inc. |
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DLJ MILLENNIUM PARTNERS, L.P., a Delaware |
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DLJ Merchant Banking II, Inc. |
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DLJ MILLENNIUM PARTNERS-A, L.P. |
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DLJ Merchant Banking II, Inc. |
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DLJMB FUNDING II, INC., a Delaware |
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DLJ FIRST ESC, L.P. |
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DLJ LBO Plans Management Corporation, |
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DLJ EAB PARTNERS, L.P. |
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DLJ LBO Plans Management Corporation, |
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DLJ ESC II, L.P. |
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DLJ LBO Plans Management Corporation, |
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UK INVESTMENT PLAN 1997 PARTNERS, a |
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UK Investment Plan 1997 Partners, Inc., as |
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MADISON DEARBORN CAPITAL PARTNERS |
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Madison Dearborn Partners II, L.P., its |
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Madison Dearborn Partners Inc., its |
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/s/ XXXXX X. XXXXX, Xx. |
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Name: Xxxxx X. Xxxxx, Xx. |
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Title: Managing Director |
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EAGLE RIVER INVESTMENTS, L.L.C. |
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/s/ XXXXX XXXXXXXX |
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Name: Xxxxx Xxxxxxxx |
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MOTOROLA, INC., a Delaware corporation |
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/s/ XXXX XXXXXXX |
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XXXX XXXXXXX |
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/s/ XXXXX XXXXXXXXX |
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XXXXX XXXXXXXXX |
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/s/ XXXX XXXXXXX |
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XXXX XXXXXXX |
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/s/ XXXX XXXXXXXX |
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XXXX XXXXXXXX |
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/s/ XXXXX AAS |
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XXXXX AAS |
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ESTATE OF XXXXX XXXXXX |
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JDT-JRT, L.L.C. |
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/s/ XXXX XXXXXXXX |
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Name: Xxxx X. Xxxxxxxx |
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Title: Manager |
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JRC COHO, L.L.C. |
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/s/ XXXX X. XXXXXXX |
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Name: Xxxx X. Xxxxxxx |
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Title: Manager |
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PSS-MSS, LP |
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/s/ XXXXX XXXXXXXXX |
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Xxxxx Xxxxxxxxx, General partner |
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