AMENDMENT NO. 1
TO
SECURITIES PURCHASE AGREEMENT
This Amendment No. 1 to the Securities Purchase Agreement dated as of
August 28, 1996 is by and among (i) International Technology Corporation, a
Delaware corporation (the "Company") and (ii) Carlyle Partners II, L.P., a
Delaware limited partnership (CPII"), Carlyle Partners III, L.P. ("CPIII"), a
Delaware limited partnership, Carlyle International Partners II, L.P. ("CIPII"),
a Cayman Islands limited partnership, Carlyle International Partners III, L.P.
("CIPIII"), a Cayman Islands limited partnership, and C/S International Partners
("C/SIP"), a Cayman Islands partnership (collectively "the Purchasers") dated
November 20, 1996.
RECITALS
WHEREAS, pursuant to Section 10.8 of the Securities Purchase
Agreement, each Purchaser may assign, in whole or in part, the right to acquire
the Securities under the Securities Purchase Agreement to an Affiliate of such
Purchaser.
WHEREAS, the parties to the Securities Purchase Agreement desire to
amend the Securities Purchase Agreement to add certain Carlyle Affiliates (as
defined in the Securities Purchase Agreement) as "Purchasers" of Securities
thereunder.
WHEREAS, the parties to the Securities Purchase Agreement desire to
amend the Securities Purchase Agreement to state that C/SIP is a Cayman Islands
general partnership not a limited partnership.
WHEREAS, the parties to the Securities Purchase Agreement desire to
amend the Securities Purchase Agreement to change the definition of Carlyle
Affiliates.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants and premises
contained herein and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:
1. Additional Purchasers. The Securities Purchase Agreement shall
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be amended to add as "Purchasers" thereunder Carlyle Investment Group, L.P., a
Delaware limited partnership, Carlyle-IT Partners, L.P., a Delaware limited
partnership, Carlyle-IT International Partners, L.P., a Cayman Islands limited
partnership and Carlyle-IT International Partners II, L.P., a Cayman Islands
limited partnership.
2. Purchase of Securities. The Company shall sell to each
----------------------
Purchaser and each Purchaser shall purchase from the Company, Securities in the
amount set forth next to such Purchaser's name on Exhibit A attached hereto.
3. Organization of C/SIP. The Preamble on page 1 of the Securities
---------------------
Purchase Agreement shall be amended to add the words "except for C/SIP which is
a general partnership" after the words "each of which is a limited partnership"
and before the words "of which TC Group, L.L.C. is the general partner..."
Section 5.1 shall be replaced in its entirety with the following:
Purchaser, other than C/SIP, is a limited partnership duly formed
and validly existing and in good standing as a limited
partnership under the laws of its jurisdiction of formation and
has full partnership power and authority to carry on its business
as currently being conducted. C/SIP is a general partnership duly
formed and validly existing and in good standing as a general
partnership under the laws of its jurisdiction of formation and
has full partnership power and authority to carry on its business
as currently being conducted.
4. Errata: Definition of Affiliates. (i) The definition of
---------------------------------
Affiliates in the Securities Purchase Agreement shall be changed to insert after
the word "mean" the words "with respect to any Person" and to insert in place of
the words "the Company" the words "such Person." (ii) The definition of
Carlyle Affiliates in the Securities Purchase Agreement shall be changed to
insert after the words "and their respective affiliates" the following: "or any
entity for which any Carlyle Affiliate acts as investment advisor with respect
to the Securities." (iii) Section 10.8 of the Securities Purchase Agreement
shall be changed to insert the words "a Carlyle Affiliate" in place of the words
"an Affiliate" and to delete the words "of such Purchaser."
{signature page follows}
2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No.
1 to be duly executed, as of the date first written above.
INTERNATIONAL TECHNOLOGY CORPORATION
By: /s/ Xxxxxxx X. XxXxxx
--------------------------------
Name: Xxxxxxx X. XxXxxx
-------------------------------
Title: President and Acting Chief
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Executive Officer
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3
CARLYLE PARTNERS II, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
CARLYLE PARTNERS III, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
CARLYLE INTERNATIONAL PARTNERS II, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
4
CARLYLE INTERNATIONAL PARTNERS III, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
C/S INTERNATIONAL PARTNERS
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
CARLYLE INVESTMENT GROUP, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
5
CARLYLE-IT PARTNERS, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
CARLYLE-IT INTERNATIONAL PARTNERS, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
CARLYLE-IT INTERNATIONAL PARTNERS II, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Xxxxxx X. X'Xxxxxxx
-----------------------------------
Name: Xxxxxx X. X'Xxxxxxx
-----------------------------------
Title: Managing Director
----------------------------------
6
EXHIBIT A
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Purchaser Preferred Shares Warrant Shares
--------- ---------------- --------------
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Carlyle Partners II, L.P. 11,170 1,241,166
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Carlyle Partners III, L.P. 510 56,651
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Carlyle International Partners II, L.P. 9,429 1,047,673
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Carlyle International Partners III, L.P. 508 56,449
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C/S International Partners 2,123 235,889
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Carlyle Investment Group, L.P. 12 1,302
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Carlyle-IT Partners, L.P. 5,915 657,245
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Carlyle-IT International Partners, L.P. 14,833 1,648,069
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Carlyle-IT International Partners II, L.P. 500 55,556
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