Exhibit 10.39
EXCHANGE AGREEMENT
THIS EXCHANGE AGREEMENT (the "AGREEMENT") is made as of _________ __, 2005,
by and among Prestige Brands Holdings, Inc., a Delaware corporation (the
"COMPANY"), Prestige International Holdings, LLC, a Delaware limited liability
company ("HOLDINGS LLC"), and the common unitholders of Holdings LLC listed on
the SCHEDULE OF UNITHOLDERS attached hereto under the heading "Unitholders" (the
"UNITHOLDERS").
WHEREAS, Holdings LLC and the Unitholders are parties to the Third Amended
and Restated Limited Liability Company Agreement, dated as of April 6, 2004 (the
"LLC AGREEMENT");
WHEREAS, the Unitholders own all of the outstanding Common Units of
Holdings LLC (the "COMMON UNITS");
WHEREAS, the Company expects to offer its Common Stock, par value $.01 per
share ("COMMON STOCK"), for sale to the public in an initial public offering
pursuant to a Registration Statement on Form S-1 filed with the Securities and
Exchange Commission (the "INITIAL PUBLIC OFFERING"); and
WHEREAS, in order to facilitate the Initial Public Offering and pursuant to
Section 15.7(a) of the LLC Agreement, the Company, Holdings LLC and the
Unitholders desire to enter into an agreement pursuant to which each Unitholder
shall transfer to the Company all of the Common Units held by such Unitholder in
exchange for the issuance by the Company to such Unitholder of shares of Common
Stock.
NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Agreement hereby agree as follows:
ARTICLE I
EXCHANGE OF COMMON UNITS FOR COMMON STOCK
1.01 AUTHORIZATION OF COMMON STOCK. The Company shall authorize the
issuance to each Unitholder of the number of shares of Common Stock set forth
opposite such Unitholder's name on the attached SCHEDULE OF UNITHOLDERS.
1.02 EXCHANGE. At the Closing (as defined below), (a) the Company shall
issue to each Unitholder the number of shares of Common Stock set forth opposite
such Unitholder's name on the attached SCHEDULE OF UNITHOLDERS, and (b) each
Unitholder shall transfer to the Company all of the Common Units then held by
such Unitholder.
1.03 CLOSING. The closing of the transactions contemplated by this
Agreement (the "CLOSING") shall take place at the offices of Xxxxxxxx & Xxxxx
LLP at 10:00 a.m. on the date hereof, or at such other place or on such other
date as may be mutually agreeable to the Company and Holdings LLC. At the
Closing, the Company shall deliver to each Unitholder a stock certificate
evidencing the Common Stock to be issued to such Unitholder hereunder, and
each Unitholder shall deliver to the Company unit certificates representing all
of the Common Units then held by such Unitholder.
ARTICLE II
REPRESENTATIONS AND WARRANTIES OF THE COMPANY
As a material inducement to the Unitholders to enter into this Agreement
and to consummate the transactions contemplated hereby, the Company hereby
represents and warrants that:
2.01 ORGANIZATION AND CORPORATE POWER. The Company is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Delaware and is qualified to do business in every jurisdiction in which
its ownership of property or conduct of business requires it to qualify. The
Company has all requisite corporate power and authority and, all material
licenses, permits and authorizations necessary to own and operate its
properties, to carry on its businesses as now conducted and presently proposed
to be conducted and to carry out the transactions contemplated by this
Agreement.
2.02 AUTHORIZATION: NO BREACH. The execution, delivery and performance
of this Agreement have been duly authorized by the Company. This Agreement
constitutes a valid and binding obligation of the Company, enforceable in
accordance with its terms. The execution and delivery by the Company of this
Agreement, the consummation of the transactions contemplated hereby and the
fulfillment of and compliance with the respective terms hereof by the Company,
do not and shall not (i) conflict with or result in a breach of the terms,
conditions or provisions of, (ii) constitute a default under, (iii) result in
the creation of any lien, security interest charge or encumbrance upon the
Company's or any Subsidiary's capital stock or assets pursuant to, (iv) give any
third party the right to modify, terminate or accelerate any obligation under,
(v) result in a violation of, or (vi) require any authorization, consent,
approval, exemption or other action by or notice to any court or administrative
or governmental body pursuant to, the charter or bylaws of the Company or any
Subsidiary, or any material law, statute, rule or regulation to which the
Company or any such Subsidiary is subject, or any material agreement,
instrument, order, judgment or decree to which the Company or any subsidiary is
subject.
ARTICLE III
TRANSFER OF RESTRICTED SECURITIES
3.01 GENERALLY. Restricted Securities are transferable only pursuant to
(a) public offerings registered under the Securities Act, (b) Rule 144 or Rule
144A of the Securities and Exchange Commission (or any similar rule or rules
then in force) if such rule is available and (c) subject to the conditions
specified in SECTION 3.02 below, any other legally available means of transfer,
subject in each case to any transfer restrictions contained in any Senior
Management Agreement between the Company and a particular holder of Restricted
Securities.
3.02 OPINION OF COUNSEL. In connection with the transfer of any
Restricted Securities (subject in each case to any additional transfer
restrictions contained in any Senior Management Agreement between the Company
and a particular holder of Restricted Securities), the holder thereof shall, at
the request of the Company, deliver written notice to the Company describing in
reasonable detail the transfer or proposed transfer, together with an opinion of
Xxxxxxxx & Xxxxx
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LLP or other counsel which (to the Company's reasonable satisfaction) is
knowledgeable in securities law matters, to the effect that such transfer of
Restricted Securities may be effected without registration of such Restricted
Securities under the Securities Act. In addition, if the holder of the
Restricted Securities delivers to the Company an opinion of Xxxxxxxx & Xxxxx LLP
or such other counsel that no subsequent transfer of such Restricted Securities
shall require registration under the Securities Act, the Company shall promptly
upon such contemplated transfer deliver new certificates for such Restricted
Securities which do not bear the Securities Act legend set forth in SECTION
3.03. If the Company is not required to deliver new certificates for such
Restricted Securities not bearing such legend, the holder thereof shall not
transfer the same until the prospective transferee has confirmed to the Company
in writing its agreement to be bound by the conditions contained in this
paragraph and SECTION 3.03.
3.03 LEGEND. Each certificate for Restricted Securities shall be
imprinted with a legend in substantially the following form:
"THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED AS
OF _________ __, 2005, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE "ACT"), AND MAY NOT BE SOLD OR TRANSFERRED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN
EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET
FORTH IN THE EXCHANGE AGREEMENT, DATED AS OF ________ __ 2005, BY AND AMONG
THE ISSUER (THE "COMPANY") AND CERTAIN OF ITS STOCKHOLDERS, AS THE SAME MAY
BE AMENDED FROM TIME TO TIME. A COPY OF SUCH EXCHANGE AGREEMENT MAY BE
OBTAINED BY THE HOLDER HEREOF AT THE COMPANY'S PRINCIPAL PLACE OF BUSINESS
WITHOUT CHARGE."
ARTICLE IV
REPRESENTATIONS OF UNITHOLDERS
In connection with the acquisition and issuance of the Common Stock, each
Unitholder represents and warrants to the Company that:
4.01 The Common Stock to be acquired by such Unitholder pursuant to this
Agreement will be acquired for such Unitholder's own account and not with a view
to, or intention of, distribution thereof in violation of the Securities Act, or
any applicable state securities laws, and the Common Stock will not be disposed
of in contravention of the Securities Act or any applicable state securities
laws.
4.02 Such Unitholder has had an opportunity to ask questions and receive
answers concerning the terms and conditions of the distribution of Common Stock
and has had full access to such other information concerning the Company as he
has requested.
4.03 This Agreement constitutes the legal, valid and binding obligation
of such Unitholder, enforceable in accordance with its terms, and the execution,
delivery and
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performance of this Agreement by such Unitholder does not and will not conflict
with, violate or cause a breach of any agreement, contract or instrument to
which such Unitholder is a party or any judgment, order or decree to which such
Unitholder is subject.
ARTICLE V
COVENANTS OF THE COMPANY
5.01 FINANCIAL STATEMENTS AND OTHER INFORMATION. The Company shall
deliver the following to each Purchaser (so long as such Purchaser holds at
least 10% of the Common Stock held by such Purchaser as of immediately after the
consummation of the Initial Public Offering):
(a) as soon as available but in any event within 30 days after the
end of each monthly accounting period in each fiscal year, unaudited
consolidating and consolidated statements of income and cash flows of the
Company and its Subsidiaries for such monthly period and for the period from the
beginning of the fiscal year to the end of such month, and consolidating and
consolidated balance sheets of the Company and its Subsidiaries as of the end of
such monthly period, all prepared in accordance with United States generally
accepted accounting principles, consistently applied, subject to the absence of
footnote disclosures and to normal year-end adjustments;
(b) within 90 days after the end of each fiscal year, consolidating
and consolidated statements of income and cash flows of the Company and its
Subsidiaries for such fiscal year, and consolidating and consolidated balance
sheets of the Company and its Subsidiaries as of the end of such fiscal year,
setting forth in each case comparisons to the annual budget and to the preceding
fiscal year, all prepared in accordance with United States generally accepted
accounting principles, consistently applied, and accompanied by (i) with respect
to the consolidated portions of such statements (except with respect to budget
data), an opinion of an independent accounting firm of recognized national
standing and (ii) a copy of such accounting firm's annual management letter to
the Board;
(c) promptly upon receipt thereof, any additional reports,
management letters or other detailed information concerning significant aspects
of the Company's operations or financial affairs given to the Company by its
independent accountants (and not otherwise contained in other materials provided
hereunder);
(d) at least 30 days prior to the beginning of each fiscal year, an
annual budget prepared on a monthly basis for the Company and its Subsidiaries
for such fiscal year (displaying anticipated statements of income and cash
flows), and promptly upon preparation thereof any other significant budgets
prepared by the Company and any revisions of such annual or other budgets, and
within 30 days after any monthly period in which there is a material adverse
deviation from the annual budget, a written notice explaining the deviation and
what actions the Company has taken and proposes to take with respect thereto;
(e) promptly (but in any event within five business days) after:
(i) the discovery or receipt of notice of any default under
any agreement to which the Company or any of its Subsidiaries is a party that is
reasonably likely to have a Material Adverse Effect;
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(ii) any litigation, action, investigation or proceeding is
commenced, or to the knowledge of the Company or any Subsidiary, is threatened
to be, or has a reasonable likelihood of being (based on the existence of any
material dispute with any Person or otherwise), commenced and that is, or any
pending litigation, action, investigation or proceeding that becomes, reasonably
likely to (A) have a material adverse effect on the ability of the Company or
any Subsidiary to perform its material obligations under its agreements, (B)
have a Material Adverse Effect or (C) constitute or result in a material breach
of any representation, warranty, covenant or agreement set forth in any
agreements;
(iii) any material casualty, damage, destruction, loss or
forfeiture (whether or not covered by insurance and whether or not in the
ordinary course of business or consistent with past practice) having a Material
Adverse Effect;
(iv) any material change in the conduct of the business of
the Company or any Subsidiary, or any material change in the manner in which the
Company or any Subsidiary markets, produces, distributes or sells its products
and services which has had or may reasonably be expected to have a Material
Adverse Effect;
(v) any material change in any accounting procedures,
practices or the basis of accounting of the Company or any Subsidiary; or
(vi) any other transaction, event or circumstance affecting
the Company or any Subsidiary reasonably likely to have a Material Adverse
Effect (including any material alteration or change in the business plan or
strategy of the Company or any Subsidiary);
a written notice specifying the nature and period of existence thereof and what
actions the Company and its Subsidiaries have taken and propose to take with
respect thereto, and, to the extent applicable, until such matter(s) are finally
resolved, subsequent written notice shall be delivered at the end of every
90-day period beginning after the initial written notice is required to be
delivered under this SECTION 5.01(f) specifying the current status of such
matter(s); for purposes of this SECTION 5.01(f), "MATERIAL ADVERSE EFFECT" shall
mean a material adverse effect on the business, liabilities, operations,
properties, assets, operating results, prospects or condition (financial or
otherwise) of the Company or any Subsidiary;
(f) within 10 days after transmission thereof, copies of all
financial statements, proxy statements, reports and any other general written
communications that the Company sends to its equityholders and copies of all
registration statements and all regular, special or periodic reports that it
files, or any of its officers or directors file with respect to the Company,
with the Securities and Exchange Commission or with any securities exchange on
which any of the Company's securities are then listed, and copies of all press
releases and other statements made available generally by the Company to the
public concerning material developments in the Company's and its Subsidiaries'
businesses; and
(g) with reasonable promptness, such other information and
financial data concerning the Company and its Subsidiaries as such Purchaser may
reasonably request.
Notwithstanding the foregoing, in the event any Purchaser provides written
notice to the Company of its election not to receive the foregoing statements,
reports, documents or other
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information, the Company shall not deliver such statements, reports, documents
or other information to such Purchaser for such period of time as such Purchaser
has indicated in its written notice.
5.02 CURRENT PUBLIC INFORMATION. At all times after the Company has filed
a registration statement with the Securities and Exchange Commission pursuant to
the requirements of either the Securities Act or the Securities Exchange Act,
the Company (or its successor) shall file all reports required to be filed by it
under the Securities Act and the Securities Exchange Act and the rules and
regulations adopted by the Securities and Exchange Commission thereunder and
shall take such further action as any holder or holders of Investor Common may
reasonably request, all to the extent required to enable such holders to sell
Restricted Securities pursuant to (i) Rule 144 adopted by the Securities and
Exchange Commission under the Securities Act (as such rule may be amended from
time to time) or any similar rule or regulation hereafter adopted by the
Securities and Exchange Commission or (ii) a registration statement on Form S-2
or S-3 or any similar registration form hereafter adopted by the Securities and
Exchange Commission. Upon request, the Company (or its successor) shall deliver
to any holder of Investor Common a written statement as to whether it has
complied with such requirements.
5.03 PUBLIC DISCLOSURES. The Company shall not, nor shall it permit any
Subsidiary to, disclose any Purchaser's or any of its Affiliates' name or
identity as an investor in the Company in any press release or other public
announcement or in any document or material filed with any governmental entity,
without the prior written consent of such Purchaser, unless such disclosure is
required by applicable law or governmental regulations or by order of a court of
competent jurisdiction, in which case prior to making such disclosure the
Company shall give written notice to such Purchaser describing in reasonable
detail the proposed content of such disclosure and shall permit such Purchaser
to review and comment upon the form and substance of such disclosure.
5.04 XXXX-XXXXX-XXXXXX COMPLIANCE. In connection with any transaction in
which the Company is involved (a "TRANSACTION") that is required to be reported
under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended from
time to time (the "HSR ACT"), the Company shall prepare and file all documents
with the Federal Trade Commission and the United States Department of Justice
which may be required to comply with the HSR Act, and shall promptly furnish all
materials thereafter requested by any of the regulatory agencies having
jurisdiction over such filings, in connection with a Transaction. The Company
shall take all reasonable actions and shall file and use reasonable best efforts
to have declared effective or approved all documents and notifications with any
governmental or regulatory bodies, as may be necessary or may reasonably be
requested under federal antitrust laws for the consummation of the Transaction.
Notwithstanding the foregoing, if any Purchaser, rather than the Company, is
required to make a filing under the HSR Act in connection with a Transaction,
the Company will provide to such Purchaser all necessary information for such
filing, will facilitate such filing and will pay all fees and expenses
associated with such filing.
5.05 ADDITIONAL ACCOUNTING PROCEDURES. Upon the request of the GTCR
Purchasers, the Company and its Subsidiaries will cause its accounting firm to
conduct additional procedures
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with respect to, and monitor and evaluate, the Company's and any Subsidiary's
executive compensation, expense reimbursement and related-party transactions
policies and practices.
5.06 EQUITY ISSUANCES. After the consummation of the Initial Public
Offering, the Company shall not issue or grant any stock-based compensation to
Xxxxx X. Xxxx, Xxxxx X. Xxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxx, Xxxx X.
Xxxxxx or Xxxxxxx Xxxxxxx without the prior written consent of the GTCR
Purchasers. The right of the GTCR Purchasers under this SECTION 5.06 shall
terminate upon the GTCR Purchasers failing to hold at least 50% of the Common
Stock held by the GTCR Purchasers as of immediately after the closing of the
Company's Initial Public Offering.
5.07 EXPENSES. The Company agrees to pay, and hold each Purchaser
harmless against liability for the payment of, (i) the reasonable fees and
expenses of its counsel arising in connection with the negotiation and execution
of this Agreement and the consummation of the transactions contemplated by this
Agreement, (ii) the fees and expenses incurred with respect to any amendments or
waivers (whether or not the same become effective) under or in respect of this
Agreement, the Senior Management Agreements, the Registration Agreement and the
other agreements contemplated hereby, (iii) stamp and other taxes that may be
payable in respect of the execution and delivery of this Agreement or the
issuance, delivery or acquisition of any Common Stock acquired hereunder, (iv)
the fees and expenses incurred with respect to the interpretation or enforcement
of the rights granted under this Agreement, the Senior Management Agreements,
the Registration Agreement, and the other agreements contemplated hereby and (v)
such reasonable travel expenses, legal fees and other out-of-pocket fees and
expenses as have been or may be incurred by any Purchaser, its Affiliates or its
Affiliates' directors, officers or employees in connection with any
Company-related financing or in connection with the rendering of any other
services by a Purchaser or its Affiliates (including, but not limited to, fees
and expenses incurred in attending Board or other Company-related meetings).
ARTICLE VI
DEFINITIONS
For the purposes of this Agreement, the following terms have the meanings
set forth below:
"AFFILIATE" of any particular Person or entity means any other person or
entity controlling, controlled by or under common control with such particular
person or entity. For purposes of this Agreement, all holdings of Common Stock
by Persons who are Affiliates of each other shall be aggregated for purposes of
meeting any threshold tests under this Agreement.
"BOARD" means the Company's board of directors.
"GTCR PURCHASER" means each of GTCR Fund VIII, L.P., a Delaware limited
partnership, GTCR Fund VIII/B, L.P., a Delaware limited partnership, GTCR
Co-Invest II, L.P., a Delaware limited partnership, and any investment fund
managed by GTCR Xxxxxx Xxxxxx XX, L.L.C. or GTCR Xxxxxx Xxxxxx, L.L.C. that
becomes a holder of Common Stock.
"INVESTOR COMMON" means (i) any shares of Common Stock issued to the
Purchasers pursuant to this Agreement and (ii) any shares of Common Stock issued
or issuable with respect
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to the shares of Common Stock referred to in clause (i) above by way of stock
dividends or stock splits or in connection with a combination of stock,
recapitalization, merger, consolidation or other reorganization. As to any
particular shares of Investor Common, such shares shall cease to be Investor
Common when they have been (a) effectively registered under the Securities Act
and disposed of in accordance with the registration statement covering them or
(b) distributed to the public through a broker, dealer or market maker pursuant
to Rule 144 under the Securities Act (or any similar rule then in force).
"MAJORITY HOLDERS" means the holders of a majority of the Investor Common.
"PERSON" means an individual, a partnership, a corporation, a limited
liability company, association, a joint stock company, a trust, a joint venture,
an unincorporated organization and a governmental entity or any department,
agency or political subdivision thereof.
"PURCHASER" mean each of the GTCR Purchasers, the TCW/Crescent Purchasers
and GTCR Capital Partners, L.P., a Delaware limited partnership.
"REGISTRATION AGREEMENT" means the Amended and Restated Registration
Agreement, dated as of the date hereof, among the Company and the Unitholders.
"RESTRICTED SECURITIES" means (i) the Common Stock issued hereunder and
(ii) any securities issued with respect to the securities referred to in clause
(i) above by way of a stock dividend or stock split or in connection with a
combination of shares, recapitalization, merger, consolidation or other
reorganization. As to any particular Restricted Securities, such securities
shall cease to be Restricted Securities when they have (a) been effectively
registered under the Securities Act and disposed of in accordance with the
registration statement covering them, (b) become eligible for sale pursuant to
Rule 144 (or any similar provision then in force) under the Securities Act or
(c) been otherwise transferred and new certificates for them not bearing the
Securities Act legend set forth in SECTION 3.03 have been delivered by the
Company in accordance with SECTION 3.02. Whenever any particular securities
cease to be Restricted Securities, the holder thereof shall be entitled to
receive from the Company, without expense, new securities of like tenor not
bearing a Securities Act legend of the character set forth in SECTION 3.03.
"SECURITIES ACT" means the Securities Act of 1933, as amended, or any
similar federal law then in force.
"SECURITIES AND EXCHANGE COMMISSION" includes any governmental body or
agency succeeding to the functions thereof.
"SECURITIES EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended, or any similar federal law then in force.
"SENIOR MANAGEMENT AGREEMENT" means any Senior Management Agreement entered
into from time to time among the Company, or any Subsidiary and its executives,
as the same may be amended from time to time pursuant to the terms thereof.
"SUBSIDIARY" means any corporation of which the securities having a
majority of the ordinary voting power in electing the board of directors are, at
the time as of which any determination is being made, owned by the Company
either directly or through one or more Subsidiaries.
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"TCW/CRESCENT PURCHASER" means each of TCW/Crescent Mezzanine Partners III,
L.P., a Delaware limited partnership, TCW/Crescent Mezzanine Trust III, a
Delaware business trust, and TCW/Crescent Mezzanine Partners III Netherlands,
L.P., a Delaware limited partnership, any of their Affiliates or any investment
fund for whom Trust Company of the West or any Affiliate of Trust Company of the
West acts as an account manager.
ARTICLE VII
MISCELLANEOUS
7.01 REMEDIES. The Unitholders shall have all rights and remedies set
forth in this Agreement and all of the rights which the Unitholders have under
any law. Any Person having any rights under any provision of this Agreement
shall be entitled to enforce such rights specifically (without posting a bond or
other security), to recover damages by reason of any breach of any provision of
this Agreement and to exercise all other rights granted by law.
7.02 CONSENT TO AMENDMENTS. Except as otherwise expressly provided
herein, the provisions of this Agreement may be amended and the Company may take
any action herein prohibited, or omit to perform any act herein required to be
performed by it, only if the Company has obtained the written consent of the
Majority Holders. No other course of dealing between the Company and any
Unitholder or any delay in exercising any rights hereunder shall operate as a
waiver of any rights of any such Person.
7.03 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations and
warranties contained herein or made in writing by any party in connection
herewith shall survive the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, regardless of any
investigation made by any Unitholder or on such Unitholder's behalf.
7.04 SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided
herein, all covenants and agreements contained in this Agreement by or on behalf
of any of the parties hereto shall bind and inure to the benefit of the
respective successors and assigns of the parties hereto whether so expressed or
not.
7.05 SEVERABILITY. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be prohibited
by or invalid under applicable law, such provision shall be ineffective only to
the extent of such prohibition or invalidity, without invalidating the remainder
of this Agreement.
7.06 COUNTERPARTS. This Agreement may be executed simultaneously in two
or more counterparts, anyone 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.
7.07 DESCRIPTIVE HEADINGS: INTERPRETATION. The descriptive headings of
this Agreement are inserted for convenience only and do not constitute a part of
this Agreement. The use of the word "including" in this Agreement shall be by
way of example rather than by limitation.
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7.08 GOVERNING LAW. All questions concerning the construction, validity,
enforcement and interpretation of this Agreement and the exhibits and schedules
hereto shall be governed by, and construed in accordance with, the laws of the
State of Delaware, without giving effect to any choice of law or conflict of law
rules or provisions (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of Delaware.
7.09 NOTICES. All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when delivered personally to the
recipient, sent to the recipient by reputable express courier service (charges
prepaid) or mailed to the recipient by certified or registered mail, return
receipt requested and postage prepaid, at the address indicated on the Company's
corporate records for such Person.
7.10 ENTIRE AGREEMENT. Except as otherwise expressly set forth herein,
this Agreement embodies the complete agreement among the parties hereto with
respect to the subject matter hereof and supersedes and preempts any prior
understandings, agreements or representations by or among the parties, written
or oral, which may have related to the subject matter hereof in any way.
* * * * *
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IN WITNESS WHEREOF, the parties have executed this Exchange Agreement as of
the date first written above.
PRESTIGE BRANDS HOLDINGS, INC.
By:
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Name:
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Its:
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PRESTIGE INTERNATIONAL HOLDINGS, LLC
By:
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Name:
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Its:
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GTCR FUND VIII, L.P.
By: GTCR Partners VIII, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By:
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Name: Xxxxx X. Xxxxxxx
Its: Principal
GTCR FUND VIII/B, L.P.
By: GTCR Partners VIII, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By:
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Name: Xxxxx X. Xxxxxxx
Its: Principal
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GTCR CO-INVEST II, L.P.
By: GTCR Xxxxxx Xxxxxx XX, L.L.C.
Its: General Partner
By:
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Name: Xxxxx X. Xxxxxxx
Its: Principal
GTCR CAPITAL PARTNERS, L.P.
By: GTCR Mezzanine Partners, L.P.
Its: General Partner
By: GTCR Partners VI, L.P.
Its: General Partner
By: GTCR Xxxxxx Xxxxxx, L.L.C.
Its: General Partner
By:
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Name: Xxxxx X. Xxxxxxx
Its: Principal
TCW/CRESCENT MEZZANINE PARTNERS III, L.P.
TCW/CRESCENT MEZZANINE TRUST III
TCW/CRESCENT MEZZANINE PARTNERS III
NETHERLANDS, L.P.
By: TCW/Crescent Mezzanine Management III, __ L.L.C.
Its: Investment Manager
By: TCW Asset Management Company
Its: Sub-Advisor
By:
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Name:
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Title:
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Xxxxxxx Xxxxx
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Xxxxx Xxxxxxxxx
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Xxxxxx Xxxxxxxxx
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Xxxx Xxxxxxxx
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Xxxx Xxxxx
SIGNATURE PAGES TO EXCHANGE AGREEMENT
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Xxxxxxx Xxxxxxx
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Xxx-Xxxx Xxxx
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Xxxxx Xxxxxx
SIGNATURE PAGES TO EXCHANGE AGREEMENT
SCHEDULE OF UNITHOLDERS
See attached.
17
