EXHIBIT 10
AMENDMENT NO. 8
TO
TRANSACTION AGREEMENT
This Amendment No. 8 ("Amendment") to the Transaction Agreement dated as
of July 8, 1998, as amended by Amendment No. 1 dated as of December 18, 1998, by
Amendment No. 2 dated as of February 18, 1999, by Amendment No. 3 dated as of
May 14, 1999, by Amendment No. 4 dated as of June 30, 1999, by Amendment No. 5
dated as of June 30, 1999, by Amendment No. 6 dated as of November 18, 1999, and
by Amendment No. 7 dated as of August 1, 2000 (the "Original Agreement"), is
made as of December 20, 2000, among Choice One Communications Inc. (the
"Corporation") and the persons listed on the signature pages hereto.
WHEREAS, Section 4.08 of the Original Agreement contemplates that so long
as MSCP holds more than 30% of the aggregate outstanding Investor Equity and
Management Equity of the Corporation that it will have the right to select the
Corporation's financial adviser and lead manager for all securities offerings;
and
WHEREAS, the parties now desire to amend the Original Agreement to permit
the Corporation to select its own financial advisers and lead managers;
NOW, THEREFORE, the parties hereto hereby agree as follows:
SECTION 1. Deletion of Section 4.08. Section 4.08 is hereby deleted in its
entirety from the Original Agreement.
SECTION 3. Other Defined Terms. Capitalized terms used in this Amendment
and not otherwise defined have the meanings ascribed to them in the Original
Agreement.
SECTION 4. Effectiveness; Effect Of Amendment; Governing Law. Except as
amended hereby, the Original Agreement shall remain unchanged. The Original
Agreement, as amended hereby, shall remain in full force and effect. This
Amendment shall be governed by, and construed under, the laws of the State of
Delaware, all rights and remedies being governed by said laws, without regard to
conflict of laws principles.
SECTION 5. Counterparts. This Amendment may be executed simultaneously in
two or more counterparts, any one of which need not contain the signatures of
more than one party, but all such counterparts taken together shall constitute
one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first written above.
CHOICE ONE COMMUNICATIONS INC.
BY: /S/ XXXXXX X. XXXXXX
---------------------------------
Xxxxxx X. Xxxxxx
Its: Chairman and Chief Executive Officer
MANAGEMENT MEMBERS
/S/ XXXXX X. XXXXXX
---------------------------------
Xxxxx X. Xxxxxx, as a Management
Member and as Chief Executive Officer of
Choice One Communications Inc.
/S/ XXX XXXXXX-XXX
---------------------------------
Xxx Xxxxxx-Xxx
/S/ XXXXX XXXXXXX
---------------------------------
Xxxxx Xxxxxxx
(Page 13 of 17)
/S/ XXXXXX XXXXXX
---------------------------------
Xxxxxx Xxxxxx
/S/ XXXX XXXXXXXXX
---------------------------------
Xxxx Xxxxxxxxx
/S/ XXXXXXXXX XXXXX
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Xxxxxxxxx Xxxxx
/S/ XXXXXX XXXXXXX
---------------------------------
Xxxxxx Xxxxxxx
/S/ XXXXXXXX XXXXXX
---------------------------------
Xxxxxxxx Xxxxxx
/S/ XXXXX XXXXXXX
---------------------------------
Xxxxx Xxxxxxx
/S/ XXXX XXXXXX
---------------------------------
Xxxx Xxxxxx
/S/ XXXXX XXXXX
---------------------------------
Xxxxx Xxxxx
/S/ XXXXXXX XXXXXXXXX
---------------------------------
Xxxxxxx Xxxxxxxxx
/S/ XXXXXX X. XXXX
---------------------------------
Xxxxxx X. Xxxx
/S/ XXXXXXX X'XXXXXX
---------------------------------
Xxxxxxx X'Xxxxxx
/S/ XXXXXX XXXXXXX
---------------------------------
Xxxxxx Xxxxxxx
/S/ XXX XXXXXX XXXXXXX
---------------------------------
Xxx Xxxxxx Xxxxxxx
/S/ XXXXXX XXXXXX
---------------------------------
Xxxxxx Xxxxxx
/S/ XXXX XXXXXXXX
---------------------------------
Xxxx Xxxxxxxx
/S/ XXXXX XXXXXX
Xxxxx Xxxxxx
---------------------------------
/S/ XXXXXX XXXXXX
---------------------------------
Xxxxxx Xxxxxx
/S/ XXXXX XXXXXXXX
---------------------------------
Xxxxx Xxxxxxxx
/S/ XXXXX XXXXXXX
---------------------------------
Xxxxx Xxxxxxx
(Page 14 of 17)
/S/ XXXXXX XXXXX-XXXXX
---------------------------------
Xxxxxx Xxxxx-Xxxxx
/S/ XXXXX XXXXXXX
---------------------------------
Xxxxx Xxxxxxx
INVESTOR MEMBERS
XXXXXX XXXXXXX CAPITAL
PARTNERS III, L.P.
By MSCP III, LLC, its general partner
By Xxxxxx Xxxxxxx Capital Partners III,
Inc., its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its ________________________________
MSCP III 892 INVESTORS, L.P.
By MSCP III, LLC, its general partner
By Xxxxxx Xxxxxxx Capital Partners III,
Inc., its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its
---------------------------------
XXXXXX XXXXXXX CAPITAL
INVESTORS, L.P.
By MSCP III, LLC, its general partner
By Xxxxxx Xxxxxxx Capital Partners III,
Inc., its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its
---------------------------------
(Page 15 of 17)
XXXXXX XXXXXXX XXXX XXXXXX
CAPITAL PARTNERS IV, L.P.
By MSDW Capital Partners IV, LLC, its
general partner
By MSDW Capital Partners IV, Inc.,
its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its
---------------------------------
MSDW IV 892 INVESTORS, L.P.
By MSDW Capital Partners IV, LLC, its
general partner
By MSDW Capital Partners IV, Inc.,
its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its
---------------------------------
XXXXXX XXXXXXX XXXX XXXXXX
CAPITAL INVESTORS IV, L.P.
By MSDW Capital Partners IV LLC, its
general partner By MSDW Capital Partners
IV, Inc., its Member
BY /S/ XXXX X. XXXXXXXXXX
---------------------------------
Its
---------------------------------
BY /S/ XXXXXXX X. XXXXXX
---------------------------------
Its
---------------------------------
XXXXXXXX PARTNERS III, L.P.
By Silverado III, L.P., its General Partner
By Silverado III Corp., its General Partner
BY /S/ XXXXXX X. XXX XXXXX
---------------------------------
Xxxxxx X. Xxx Xxxxx
Chairman & CEO
XXXXXXX PLAZA PARTNERS
BY /S/ XXXXXX X. XXX XXXXX
---------------------------------
Xxxxxx X. Xxx Xxxxx
Managing General Partner
FLEET VENTURE RESOURCES, INC.
BY /S/ XXXXXX X. XXX XXXXX
---------------------------------
Xxxxxx X. Xxx Xxxxx
Chairman & CEO
FLEET EQUITY PARTNERS VI, L.P.
By Fleet Growth Resources II, Inc., its
General Partner
(Page 16 of 17)
BY /S/ XXXXXX X. XXX XXXXX
---------------------------------
Xxxxxx X. Xxx Xxxxx
Chairman & CEO
XXXXXX-XXXXXX MEDIA PARTNERS, L.P.
By Xxxxxx Xxxxxx Media, L.L.C.
its general partner
BY /S/ XXXXX XXXXXXXXX
---------------------------------
Xxxxx Xxxxxxxxx
Chief Executive Officer
FIRST UNION CAPITAL PARTNERS, INC.
By:
---------------------------------
Its: ________________________________
GENERAL ELECTRIC CAPITAL
CORPORATION
By:
---------------------------------
Its: ________________________________
CARAVELLE INVESTMENT FUND, L.L.C.
By Caravelle Advisors, L.L.C.,
as Investment Manager and
Attorney In Fact
By:
---------------------------------
Its: ________________________________
XXXXX X. XXXXXXX
/S/ XXXXX X. XXXXXXX
---------------------------------
Xxxxx X. Xxxxxxx
R. XXXXXX SILVER
/S/ R. XXXXXX SILVER
---------------------------------
R. Xxxxxx Silver
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