Exhibit 9
AMENDMENT NO. 2
TO THE
INVESTORS' AGREEMENT
This Amendment No. 2, dated as of May 2, 2001 (this "Amendment No. 2"), as
amended to the Amended and Restated Investors' Agreement, dated as of March 29,
1999 (the "Investors' Agreement"), among (i) Xxxxxx Scientific International
Inc. (the "Company"), (ii) Xxxxxx X. Xxx Equity Fund III, L.P. ("THL"), certain
individuals associated with THL listed on Schedule I attached hereto, THL-CCI
Limited Partnership ("THL-CCI"), THL Foreign Fund III, L.P. and THL FSI Equity
Investors, L.P. ("THL/FSI" and collectively with THL, the individuals listed on
Schedule I, THL-CCI, and THL Foreign Fund III, L.P., the "THL Entities"), (iii)
DLJ Merchant Banking Partners II, L.P. ("DLJMB"), DLJ Offshore Partners II,
C.V., DLJ Diversified Partners, L.P., DLJMB Funding II, Inc., DLJ Merchant
Banking Partners II - A, L.P., DLJ Diversified Partners - A, L.P., DLJ
Millennium Partners, L.P., DLJ Millennium Partners - A, L.P., UK Investment
Plan 1997 Partners, DLJ EAB Partners, L.P., DLJ ESC II, L.P., and DLJ First
ESC, L.P. (collectively the "DLJ Entities"), (iv) Chase Equity Associates, L.P.
("Chase Equity"), (v) Xxxxxxx Xxxxx KECALP L.P. 1997, KECALP INC., and ML IBK
Positions, Inc. (collectively, the "Xxxxxxx Xxxxx Entities" and, together with
each other entity listed in clauses (iii) and (iv), the "Institutional
Shareholders" and, collectively with (ii), the "Equity Investors"), and (vi)
certain other Persons listed on the signature pages hereof (including the trust
pursuant to the Trust Agreement, dated of even date herewith, between the
Company and Mellon Bank, N.A., as trustee (the "Rabbi Trust")) (the "Management
Shareholders" and individually, along with the THL Entities, DLJ Entities,
Chase Equity, and Xxxxxxx Xxxxx Entities, each a "Shareholder").
W I T N E S S E T H :
WHEREAS, the parties hereto desire to amend the Investors' Agreement to
clarify the parties' intention with respect to holdback agreements in
connection with firmly Underwritten Public Offerings under Section 5.3 of the
Investors' Agreement;
WHEREAS, pursuant to Section 7.4(a) of the Investors' Agreement, the Board
of Directors and the holders of at least 50% of the shares of Common Stock held
by the parties to the Investors' Agreement at the time of this Amendment No. 2
are required to approve this Amendment No. 2;
WHEREAS, the Equity Investors collectively are holders of at least 50% of
the shares of Common Stock held by the parties to the Investors' Agreement at
the time of this Amendment No. 2; and
WHEREAS, terms used herein but not otherwise defined herein shall have the
respective meanings given such terms in the Investors' Agreement.
NOW, THEREFORE, in consideration of the mutual promises and agreements
herein contained and other good and valuable consideration, the receipt of
which is hereby acknowledged, it is agreed by and between the parties hereto as
follows:
The following shall be added to Section 5.3 of the Investors' Agreement as
the second paragraph thereof:
In the event that any or all of the Shareholders executes a lock-up
agreement in favor of the underwriter or underwriters for an Underwritten
Public Offering substantially consistent with the preceding paragraph
(each, a "Lock-Up Agreement"), each Equity Investor that executes a
Lock-Up Agreement agrees, and their Permitted Transferees will agree, that
if it seeks a waiver of the Lock-Up Agreement (a "Waiver Request"), it
will notify the other Shareholders that have executed a Lock-Up Agreement
at least five days prior to making such Waiver Request that it intends to
make a Waiver Request (the "Waiver Notice"). From the date of the Waiver
Notice, each Shareholder shall have the right, exercisable by written
notice given to the party making the Waiver Request within two Business
Days, to request that the Waiver Request include Shares held by the
Shareholder and if such a request is made, the Waiver Request shall
include all Shares so requested to be included, provided that the Transfer
of the Shares requested to be included in the Waiver Request would
otherwise be permitted under this Agreement. If the underwriter or
underwriters in whose favor the Lock-Up Agreement is given refuses to
grant such Waiver Request for all Shares included therein, then each of
the Equity Investors agrees, and their Permitted Transferees will agree,
that all Lock-Up Agreements will continue in full force and effect.
Notwithstanding the foregoing, a Waiver Request may be sought without
seeking a waiver of the Lock-Up Agreement for other Shareholders by (1)
any of the THL Entities for a Transfer set forth in Section 4.1(a)(ii) and
(iv) hereof and (2) any Institutional Shareholder to Transfer Shares to a
Permitted Transferee pursuant to Section 3.3(a) hereof.
2
This Amendment No. 2 may be executed in counterparts, each of which shall
be deemed to be an original but all of which together shall constitute one and
the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to
be duly executed by their respective authorized officers as of the day and year
first above written.
XXXXXX SCIENTIFIC INTERNATIONAL INC.
By: /s/ Xxxx XxXxxxx
------------------------------------
Name: Xxxx XxXxxxx
Title:
THL Equity Shareholders:
XXXXXX X. XXX EQUITY FUND III, L.P.
By: THL Equity Advisors III Limited
Partnership, as General Partner
By: THL Equity Trust III,
as General Partner
By: /s/ Xxxxx Xxxxxxxx
-------------------------------------------
Name: Xxxxx Xxxxxxxx
Title:
XXXXXX X. XXX FOREIGN FUND III, L.P.
By: THL Equity Advisors III Limited
Partnership, as General Partner
By: THL Equity Trust III,
as General Partner
By: /s/ Xxxxx Xxxxxxxx
--------------------------------------------
Name: Xxxxx Xxxxxxxx
Title:
THL FSI EQUITY INVESTORS, L.P.
By: THL Equity Advisors III
Limited Partnership,
as General Partner
By: THL Equity Trust III,
as General Partner
By: /s/ Xxxxx Xxxxxxxx
--------------------------------------------
Name: Xxxxx Xxxxxxxx
Title:
THL-CCI LIMITED PARTNERSHIP
By: THL Investment Management Corp.,
as General Partner
By: /s/ Xxxxx Xxxxxxxx
--------------------------------------------
Name: Xxxxx Xxxxxxxx
Title:
DLJ Entities' Shareholders:
DLJ MERCHANT BANKING PARTNERS II, L.P.
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ MERCHANT BANKING PARTNERS II-A, L.P.
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ OFFSHORE PARTNERS II, C.V.
By: DLJ Merchant Banking II, Inc.,
as advisory general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ DIVERSIFIED PARTNERS, L.P.
By: DLJ Diversified Partners, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ DIVERSIFIED PARTNERS - A, L.P.
By: DLJ Diversified Partners, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ MILLENNIUM PARTNERS, L.P.
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJ MILLENNIUM PARTNERS - A, L.P.
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
DLJMB FUNDING II, INC.
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Principal
UK INVESTMENT PLAN 1997 PARTNERS
By: Xxxxxxxxx, Lufkin & Xxxxxxxx Inc.,
as general partner
By: /s/ Xxxxxx Xxxxxxx
--------------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Senior Vice President and
Controller
DLJ EAB PARTNERS, L.P.
By: DLJ LBO Plans Management Corporation,
as managing general partner
By: /s/ Xxxxxx Xxxxxxx
--------------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Senior Vice President and
Controller
DLJ ESC II, L.P.
By: DLJ LBO Plans Management Corporation,
as general partner
By: /s/ Xxxxxx Xxxxxxx
--------------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Senior Vice President and
Controller
DLJ FIRST ESC, L.P.
By: DLJ LBO Plans Management Corporation,
as general partner
By: /s/ Xxxxxx Xxxxxxx
--------------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Senior Vice President and
Controller
The address for each of the DLJ Entities
listed above is:
c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Fax: (000) 000-0000
CHASE EQUITY ASSOCIATES, L.P.
By: Chase Capital Partners
By: /s/
--------------------------------------------
Name:
Title:
Address:
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
ML IBK POSITIONS, INC.
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title:
KECALP INC.
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
XXXXXXX XXXXX KECALP L.P. 1997
By: KECALP Inc., as general partner
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
The address for each of the Xxxxxxx
Xxxxx Entities listed above is:
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Individual Shareholders:
By: /s/ Xxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxxx
By: /s/
--------------------------------------------
Name: The 1995 Harkins Gift Trust
By: /s/ Xxxxxx X. Xxxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxxx
Money Purchase Pension Plan
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
By: /s/ X. Xxxxxx Xxxx
--------------------------------------------
Name: X. Xxxxxx Xxxx
By: /s/ Xxxxx X. Xxxxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxxxx
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxxxxx Family Limited
Partnership
By: /s/ Xxxxxxx X. XxXxxx
--------------------------------------------
Name: Xxxxxxx X. XxXxxx
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxx
By: /s/ Xxxxxx X. Xxxxx, Xx.
--------------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
By: /s/ Xxxx X. Xxxxx
--------------------------------------------
Name: Xxxx X. Xxxxx
By: /s/ Xxxxxx X. Xxxxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
By: /s/ Xxxx X. Xxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxx
By: /s/ Xxxxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxxxx X. Xxxxxx
By: /s/ Xxxx X. Xxxxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxxxx
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: THL-CCI Limited Partnership
By: Xxxxx X. Master
Title: Vice President
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxxx
By: /s/
--------------------------------------------
Name: First Trust Co. FBO
Xxxxxxxx X. Xxxxx
By: /s/ Xxxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxxx
By: /s/ Xxxxx Xxxxxx
--------------------------------------------
Name: Xxxxx Xxxxxx
By: /s/ Xxxxxxx X. Xxxxxxx
--------------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Schedule I
Certain Named Individual Shareholders of THL
--------------------------------------------
Xxxxx X. Xxxxxxx
The 1995 Harkins Gift Trust
Xxxxxx X. Xxxxxxxx Money Purchase Pension Plan (Xxxxx)
Xxxxx X. Xxxxxx
X. Xxxxxx Xxxx
Xxxxx X. Xxxxxxxx
Xxxxxxxx Family Limited Partnership
Xxxxxxx X. XxXxxx
Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxx, Xx.
Xxxx X. Xxxxx
Xxxxxx X. Xxxxxxxxx
Xxxx X. Xxxxxx
Xxxxxxxx X. Xxxxxx
Xxxx X. Xxxxxxxx
Xxxxx X. Xxxxxx
Xxxxxx X. Xxxxxxx
First Trust Co. FBO Xxxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxxx
Xxxxx Xxxxxx
Xxxxxxx X. Xxxxxxx
