AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
Exhibit
10.7
AMENDMENT
TO REGISTRATION RIGHTS AGREEMENT
AMENDMENT
dated as of May 9, 2008 to the Registration Rights Agreement dated as of June
25, 2007 (the “Agreement”) by and among GSC
Acquisition Company, a Delaware corporation (the “Company”) and GSC Secondary
Interest Fund, LLC, Xxxxx X. Xxxxxxx and Xxxxxxx X. XxXxxxxx (each a “Founder”, and collectively the
“Founders”).
W
I T N E S S E T H :
WHEREAS,
the Company has entered into that certain Agreement and Plan of Merger dated as
of the date hereof between the Company, GSCAC Holdings I LLC, a Delaware limited
liability company, GSCAC Holdings II LLC, a Delaware limited liability company,
GSCAC Merger Sub LLC, a Delaware limited liability company and Complete Energy
Holdings, LLC, a Delaware limited liability company (the “Merger
Agreement”);
WHEREAS,
in connection with the Merger Agreement, registration rights are being granted
to certain Persons under the registration rights agreement to be entered into as
of the Closing (as defined in the Merger Agreement) in the form attached as
Exhibit G to the Merger Agreement (the “Exchange Rights Holders’ Registration
Rights Agreement”); and
WHEREAS,
the parties hereto desire to amend the Agreement to provide the parties under
the Exchange Rights Holders’ Registration Rights Agreement certain rights under
this Agreement as further set forth below.
NOW,
THEREFORE, the parties hereto agree as follows:
SECTION
1 . Defined Terms;
References. Unless
otherwise specifically defined herein, each term used herein that is defined in
the Agreement has the meaning assigned to such term in the
Agreement. Each reference to “hereof”, “hereunder”, “herein” and
“hereby” and each other similar reference and each reference to “this Agreement”
and each other similar reference contained in the Agreement shall, after this
Amendment becomes effective, refer to the Agreement as amended
hereby.
SECTION
2 . Definitions. (a)
Section 1.01 of the Agreement is amended by adding the following
definition:
“Exchange Rights Holders’ Registration
Rights Agreement” means the Registration Rights Agreement dated as of the
Closing Date (as defined in the Agreement and Plan of Merger dated as of May 9,
2008 between the Company, GSCAC Holdings I LLC, a Delaware limited liability
company, GSCAC Holdings II LLC, a Delaware limited liability company, GSCAC
Merger Sub
LLC, a
Delaware limited liability company and Complete Energy Holdings, LLC, a Delaware
limited liability company (the “Merger Agreement”)) by and
among Complete Energy Holdings Corporation, a Delaware corporation formerly
named GSC Acquisition Company and the persons named therein.
(b) The
definition of “Common
Stock” in the recitals of the Agreement shall be amended and restated as
follows:
“Common Stock” shall mean Class
A common stock, par value $0.001, of the Company and any other securities into
which the Company’s Class A common stock is converted or changed.
SECTION
3 . Reduction of
Offering. Section 2.02(g)(i) of the Agreement is amended and
restated to read as follows:
(i) first,
Registrable Securities that the Demanding Holders have requested to be
registered in accordance with this Agreement and any shares of Common Stock
requested to be registered in accordance with the Exchange Rights Holders’
Registration Rights Agreement, in an aggregate amount up to but not exceeding
the Maximum Number of Securities (allocated pro rata among the holders
thereof, based, for each such holder, on the percentage derived by dividing (x)
the number of Registrable Securities (as defined in this Agreement or the
Exchange Rights Holders’ Registration Rights Agreement, as applicable) that such
holder has requested to include in such Demand Registration by (y) the aggregate
number of Registrable Securities (as defined in this Agreement or the Exchange
Rights Holders Registration Rights Agreement, as applicable) that all such
holders have requested to include);
SECTION
4 . Reduction Of Incidental
Registration. Sections 2.03(b)(i) and (b)(ii) of the Agreement
are amended and restated to read as follows:
(i) if
the registration is undertaken for the Company’s account: (x) first, the
securities that the Company desires to sell that can be sold without exceeding
the Maximum Number of Securities and (y) second, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clause (x),
securities, if any, including the Registrable Securities as to which
registration has been requested pursuant to written contractual incidental
registration rights of security holders (including this Agreement and the
Exchange Rights Holders’ Registration Rights Agreement) that can be sold without
exceeding the Maximum Number of Securities (pro rata in accordance with
the number of shares or other securities which each such Person has actually
requested to be included in such registration);
(ii) if
the registration is a demand registration undertaken by Persons with demand
rights pursuant to a written contractual arrangement
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other than
this Agreement or the Exchange Rights Holders’ Registration Rights Agreement,
(w) first, securities for the account of the demanding Persons that can be sold
without exceeding the Maximum Number of Securities, (x) second, to the extent
that the Maximum Number of Securities has not been reached under the foregoing
clause (w), securities that the Company desires to sell and that can be sold
without exceeding the Maximum Number of Securities, (y) third, to the extent
that the Maximum Number of Securities has not been reached under the foregoing
clauses (w) and (x), securities (including the Registrable Securities) as to
which registration has been requested pursuant to a written contractual
incidental registration rights of security holders (including this Agreement and
the Exchange Rights Holders’ Registration Rights Agreement) that can be sold
without exceeding the Maximum Number of Securities (pro rata in accordance
with the number of shares or other securities which each such Person has
actually requested to be included in such registration), and (z) fourth, to the
extent that the Maximum Number of Securities have not been reached under the
foregoing clauses (w), (x) and (y), securities that other security holders
desire to sell without exceeding the Maximum Number of Securities.
SECTION
5 . Governing Law. This
Amendment shall be governed by and construed in accordance with the laws of the
State of New York.
SECTION
6 . Counterparts. This
Amendment may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.
SECTION
7 . Effectiveness. This
Amendment shall become effective at the Closing (as defined in the Merger
Agreement).
3
IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written.
GSC
ACQUISITION COMPANY
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By:
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/s/ Xxxxxxx Xxxxxxx | |
Name:
Xxxxxxx Xxxxxxx
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Title:
President
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GSC
SECONDARY INTEREST FUND, LLC
Fax:
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By:
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/s/ Xxxxxxx Xxxxxxx | |
Name:
Xxxxxxx Xxxxxxx
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Title:
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XXXXX
X. XXXXXXX
Fax:
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By:
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/s/ Xxxxx X. Xxxxxxx | |
Name:Xxxxx
X. Xxxxxxx
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XXXXXXX
X. XXXXXXXX
Fax:
(000) 000-0000
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By:
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/s/ Xxxxxxx X. XxXxxxxx | |
Name:Xxxxxxx
X. XxXxxxxx
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