Exhibit 10.15
SIXTH AMENDMENT TO CONTINGENT WARRANT AGREEMENT
THIS SIXTH AMENDMENT TO CONTINGENT WARRANT AGREEMENT ("Sixth
Amendment"), dated as of June 30, 2002 is among Advanced Lighting Technologies,
Inc., an Ohio corporation (the "Company"), General Electric Company, a New York
corporation ("Purchaser"), Xxxxx X. Xxxxxxx ("Xxxxxxx"), Xxxxxxx, Ltd., an Ohio
limited liability company ("Xxxxxxx Ltd."), Xxxxx X. Xxxxxxx, as voting trustee
under Voting Trust Agreement dated October 10, 1995, Xxxx X. Xxxx ("Ruud"), and
Xxxx X. Xxxx, as voting trustee under Voting Trust Agreement dated January 2,
1998.
WHEREAS, the parties entered into a Contingent Warrant Agreement dated
September 30, 1999, as amended by an Amendment to Contingent Warrant Agreement
dated as of August 31, 2000, a Second Amendment to Contingent Warrant Agreement
dated as of June 29, 2001, a Third Amendment to Contingent Warrant Agreement
dated as of September 28, 2001, a Fourth Amendment to Contingent Warrant
Agreement dated as of December 31, 2001 and a Fifth Amendment to Contingent
Warrant Agreement dated as of March 31, 2002 (the "Agreement"); and
WHEREAS, the parties desire to amend the Agreement as provided in this
Sixth Amendment;
NOW THEREFORE, in consideration of the mutual covenants contained
herein, the parties, intending to be legally bound, agree as follows:
1. The Section 2.2a of the Agreement is hereby amended to read in its
entirety as follows:
a. The Company shall not permit the average of the
Company's EBITDA Ratio for any two consecutive fiscal
quarters, commencing with the average for the fiscal quarters
ending September 30, 1999 and December 31, 1999, and
continuing each fiscal quarter thereafter (each, a
"Determination Period") to be less than the Required Ratio.
The following periods, which would otherwise be "Determination
Periods" for the purpose of this Agreement, will not be
considered "Determination Periods": the two consecutive fiscal
quarters ended June 30, 2000, the two consecutive fiscal
quarters ended September 30, 2000, the two consecutive fiscal
quarters ended June 30, 2001, the two consecutive fiscal
quarters ended September 30, 2001, the two consecutive fiscal
quarters ended December 31, 2001, the two consecutive fiscal
quarters ended March 31, 2002 and the two consecutive fiscal
quarters ended June 30, 2002. Notwithstanding the fact that
the two fiscal quarters ended June 30, 2000, the two fiscal
quarters ended September 30, 2000, the two fiscal quarters
ended June 30, 2001, the two consecutive fiscal quarters ended
September 30, 2001, the two consecutive fiscal quarters ended
December 31, 2001, the two consecutive fiscal quarters ended
March 31, 2002 and the two consecutive fiscal quarters ended
June 30, 2002 do not constitute Determination Periods, (i) the
quarter ended September 30, 2000 shall be included in the
Company's EBITDA Ratio for the Determination Period ended
December 31, 2000, (ii) the quarter ended June 30, 2002 shall
be included in the Company's EBITDA Ratio for the
Determination Period ended September 30, 2002, (iii) each of
the quarters ended June 30, 2000, September 30, 2000, June 30,
2001, September 30,2001, December 31, 2001, March 31, 2002 and
June 30, 2002 shall be a fiscal quarter for purposes of
Section 2.2e of this Agreement, (vi) the Company shall be
required to furnish to Purchaser the report described in
Section 2.2f of this Agreement for the two consecutive fiscal
quarters ended June 30, 2000, the two consecutive fiscal
quarters ended September 30, 2000, the two consecutive fiscal
quarters ended June 30, 2001, the two consecutive fiscal
quarters ended September 30, 2001, the two consecutive fiscal
quarters ended December 31, 2001, the two consecutive fiscal
quarters ended March 31, 2002 and the two consecutive fiscal
quarters ended June 30, 2002.
2. All other provisions of the Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF, parties hereto have each caused this Sixth
Amendment to be executed in the name and on behalf of each of them one of their
respective officers thereunto duly authorized, as of the date first above
written.
THE COMPANY:
ADVANCED LIGHTING TECHNOLOGIES, INC.
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
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Title: Chief Financial Officer
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/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx, as voting trustee under
Voting Trust Agreement dated October 10,
1995, as amended
XXXXXXX LTD.
By: /s/ Xxxxx X. Xxxxxxx
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Its: Managing Member
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Xxxx X. Xxxx
/s/ Xxxx X. Xxxx
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/s/ Xxxx X. Xxxx
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Xxxx X. Xxxx, as voting trustee under
Voting Trust Agreement dated January 2,
1998, as amended
PURCHASER:
GENERAL ELECTRIC COMPANY
By: /s/ Xxxxx Srdita
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Name: Xxxxx Srdita
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Title: VP Finance GE CP
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