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EXHIBIT 10.14
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
THIS STOCKHOLDERS AGREEMENT (this "Stockholders Agreement") dated as of
June 6, 1997, is entered into by and among Viasystems Group, Inc., a Delaware
corporation (the "Company"), and the securityholders listed on the signature
pages hereof (the "Holders").
In consideration of the premises, mutual covenants and agreements
hereinafter contained and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:
ARTICLE 1
DEFINITIONS
SECTION 1.1 Definitions.
"ACCREDITED INVESTOR" means an "Accredited Investor," as defined in
Regulation D, or any successor rule then in effect.
"ACCREDITED OFFEREE" shall have the meaning provided in Section 4.1
hereof.
"ADVICE" shall have the meaning provided in Section 3.5 hereof.
"AFFILIATE" means, with respect to any Person, any Person who, directly
or indirectly, controls, is controlled by or is under common control with that
Person.
"AFFILIATED SUCCESSOR" shall have the meaning provided in Section 4.1
hereof.
"BUSINESS DAY" means a day that is not a Legal Holiday.
"CLASS A COMMON STOCK" means shares of Class A Common Stock, $.01 par
value per share, of the Company.
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"COMMON STOCK" means shares of the Common Stock, $.01 par value per
share, of the Company, and any capital stock into which such Common Stock
thereafter may be changed.
"COMMON STOCK EQUIVALENTS" means, without duplication with any other
Common Stock or Common Stock Equivalents, any rights, warrants, options,
convertible securities or indebtedness, exchangeable securities or indebtedness,
or other rights, exercisable for or convertible or exchangeable into, directly
or indirectly, Common Stock of the Company and securities convertible or
exchangeable into Common Stock of the Company, whether at the time of issuance
or upon the passage of time or the occurrence of some future event.
"COMPANY" shall have the meaning set forth in the introductory paragraph
hereof.
"CONVERSION STOCK" means Common Stock issued or issuable upon the
conversion of shares of Class A Common Stock.
"CO-SELLER" shall have the meaning set forth in Section 4.2 hereof.
"DEMAND REGISTRATION" means a registration effected pursuant to a demand
registration right which, by its terms, does not permit the inclusion of shares
of parties other than the holders of such demand registration rights.
"ENTITLED HOLDERS" shall have the meaning provided in Section 3.1
hereof.
"EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated by the SEC thereunder.
"FULLY-DILUTED COMMON STOCK" means, at any time, the then-outstanding
Common Stock of the Company plus (without duplication) all shares of Common
Stock issuable, whether at such time or upon the passage of time or the
occurrence of future events, upon the exercise, conversion, or exchange of all
then-outstanding Common Stock Equivalents.
"HMTF" means Hicks, Muse, Xxxx & Xxxxx Equity Fund III, L.P., a Delaware
limited partnership.
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"HOLDER" means (i) a securityholder listed on the signature page hereof
and (ii) any direct or indirect transferee of any such securityholder.
"LEGAL HOLIDAY" shall have the meaning provided in Section 8.2 hereof.
"XXXXX HOLDER" means (i) Xxxxx X. Xxxxx, Xxxxx X. Xxxxxxxx, Xxxxx X.
Xxxxx, W. Xxxxxx XxXxxx, Xxxxxx X. Xxxxx, Xxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxx,
Xxxx X. Xxxxxx, X. X. Xxxx, Xxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxxx and any other
securityholders of Class A Common Stock who are employed by Xxxxx & Partners,
Inc., and (ii) any direct or indirect transferee of any such securityholder.
"NASD" shall have the meaning provided in Section 3.6 hereof.
"OFFERED SECURITIES" shall have the meaning provided in Section 4.1
hereof.
"OFFER NOTICE" shall have the meaning provided in Section 4.1 hereof.
"PARTICIPATION OFFER" shall have the meaning provided in Section 4.3
hereof.
"PERSON" or "PERSON" means any individual, corporation, partnership,
joint venture, association, joint-stock company, trust, unincorporated
organization or government or other agency or political subdivision thereof.
"PREEMPTIVE RIGHTS OFFER" shall have the meaning provided in Section 4.1
hereof.
"PREEMPTIVE RIGHTS TRANSACTION" shall have the meaning provided in
Section 4.1 hereof.
"REGISTRABLE SHARES" means at any time the Common Stock or Conversion
Stock of the Company owned by HMTF and its Affiliates and the Holders, whether
owned on the date hereof or acquired hereafter; provided, however, that
Registrable Shares shall not include any shares (i) the sale of which has been
registered pursuant to the Securities Act and which shares have been sold
pursuant to such registration, or (ii) which have been sold to the public
pursuant to Rule 144 or 144A of the SEC under the Securities Act.
"REGISTRATION EXPENSES" shall have the meaning provided in Section 3.6
hereof.
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"REGULATION D" means Regulation D promulgated under the Securities Act
by the SEC.
"REQUIRED HOLDERS" means Holders who then own beneficially more than 66-
2/3% of the aggregate number of shares of Common Stock and Class A Common Stock
(taken together as one class) subject to this Stockholder Agreement.
"SEC" means the Securities and Exchange Commission.
"SECURITIES" means the Common Stock and the Class A Common Stock.
"SECURITIES ACT" means the Securities Act of 1933, as amended, and the
rules and regulations promulgated by the SEC thereunder.
"SELLER AFFILIATES" shall have the meaning provided in Section 3.7
hereof.
"SIGNIFICANT SALE" shall have the meaning provided in Section 4.2
hereof.
"STOCKHOLDERS AGREEMENT" means this Amended and Restated Stockholders
Agreement, as such from time to time may be amended.
"SUBSIDIARY" of any Person means (i) a corporation a majority of whose
Equity Interests with voting power, under ordinary circumstances, to elect
directors, is at the time, directly or indirectly, owned by such Person, by one
or more subsidiaries of such Person or by such Person and one or more
subsidiaries of such Person, and (ii) any other Person (other than a
corporation) in which such Person, a subsidiary of such Person or such Person
and one or more subsidiaries of such Person, directly or indirectly, at the date
of determination thereof, has (x) at least a majority ownership interest or (y)
the power to elect or direct the election of the directors or other governing
body of such Person.
"SUSPENSION NOTICE" shall have the meaning provided in Section 3.5
hereof.
"TRANSFER" means any disposition of any Security or any interest therein
that would constitute a "sale" thereof within the meaning of the Securities Act.
"TRANSFER NOTICE" shall have the meaning provided in Section 5.3 hereof.
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SECTION 1.2 Rules of Construction.
Unless the context otherwise requires
(1) a term has the meaning assigned to it;
(2) "or" is not exclusive;
(3) words in the singular include the plural, and
words in the plural include the singular;
(4) provisions apply to successive events and
transactions; and
(5) "herein," "hereof" and other words of similar
import refer to this Agreement as a whole and not to any
particular Article, Section or other subdivision.
ARTICLE 2
MANAGEMENT OF THE COMPANY AND CERTAIN ACTIVITIES
SECTION 2.1 Board of Directors.
2.1.1 Board Representation. Subject to Section 2.1.3, HMTF shall be
entitled to designate all members of the Board of Directors of the Company at
all times during the term of this Stockholders Agreement. Accordingly, the
Holders and the Company agree to take all action within their respective power
(including, without limitation, the voting of capital stock of the Company)
required to cause the Board of Directors of the Company to at all times be
constituted in the manner provided in the previous sentence.
2.1.2 Vacancies. In the event HMTF ceases to be entitled to designate
directors pursuant to this Stockholders Agreement, the vacancy or vacancies
resulting therefrom shall be filled by the remaining directors or by the
stockholders in the manner provided by applicable law.
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2.1.3 Termination of Rights. The right of HMTF to designate directors
under Section 2.1.1, and the obligation of the Holders to vote their shares as
provided herein, shall terminate upon the first to occur of (i) the termination
or expiration of this Stockholders Agreement or this Article 2, (ii) such time
as HMTF elects in writing to terminate its rights under this Article 2, or (iii)
such time as HMTF, its Affiliates, and employees of it and its Affiliates cease
to own any shares of Common Stock or Class A Common Stock.
2.1.4 Costs and Expenses. The Company will pay all reasonable
out-of-pocket expenses incurred by the designees of HMTF in connection with
their participation in meetings of the Board of Directors (and committees
thereof) of the Company and the Boards of Directors (and committees thereof) of
the Subsidiaries of the Company.
SECTION 2.2 Voting of Capital Stock.
To the extent any Holder owns shares of any class or series of capital
stock of the Company or any Subsidiary of the Company which it may vote on any
particular matter which comes before such corporation's stockholders, as a class
or series separate from the common stock of such corporation ordinarily entitled
to vote for the election of directors, such Holder shall vote all such shares on
such matter in such separate class or series vote as holders of a majority of
the outstanding shares of common stock of such corporation vote thereon;
provided, however, that such Holder may nevertheless vote such shares as a
separate class or series without regard to the provisions of this Section 2.2 in
respect of (a) amendments to the certificate of incorporation of such
corporation, or the certificate of designation which created such class or
series, which change the provisions thereof expressly applicable to such
separate class or series, and (b) any matter as to which such class or series is
expressly entitled to vote as a separate class or series pursuant to such
corporation's certificate of incorporation or the certificate of designation
which created such class or series; provided further, however, that any
statement in such certificate of incorporation or certificate of designation
that such class or series may vote as a separate class or series "as required by
law" or similar language shall not permit such class or series to be voted
without regard to the provisions of this Section 2.2.
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SECTION 2.3 Other Activities of the Holders; Fiduciary Duties.
It is understood and accepted that the Holders and their Affiliates have
interests in other business ventures which may be in conflict with the
activities of the Company and its Subsidiaries and that, subject to applicable
law, nothing in this Stockholders Agreement shall limit the current or future
business activities of the Holders whether or not such activities are
competitive with those of the Company and its Subsidiaries. Nothing in this
Agreement, express or implied, shall relieve any officer or director of the
Company or any of its Subsidiaries, or any Holder, of any fiduciary or other
duties or obligations they may have to the Company's stockholders.
SECTION 2.4 Grant of Proxy.
Each Xxxxx Holder hereby constitutes and appoints Xxxxx X. Xxxxx (for so
long as he is an officer or director of the Company, or, in the event Xxxxx X.
Xxxxx is no longer a director or officer of the Company, HMTF), with full power
of substitution, as its true and lawful proxy and attorney-in-fact to vote any
and all shares of any class or series of capital stock of the Company or any
Subsidiary of the Company held by such Holder in accordance with the provisions
of Section 2.1 and 2.2 of this Stockholders Agreement. Each Xxxxx Holder
acknowledges that the proxy granted hereby is irrevocable, being coupled with an
interest, and that such proxy will continue until the termination of such
Holder's obligation to vote any shares in accordance with this Article 2.
Each Holder (other than HMTF and the Xxxxx Holders) hereby constitutes
and appoints HMTF, with full power of substitution, as its true and lawful proxy
and attorney-in-fact to vote any and all shares of any class or series of
capital stock of the Company or any Subsidiary of the Company held by such
Holder in accordance with the provisions of Section 2.1 and 2.2 of this
Stockholders Agreement. Each Holder acknowledges that the proxy granted hereby
is irrevocable, being coupled with an interest, and that such proxy will
continue until the termination of such Holder's obligation to vote any shares in
accordance with this Article 2.
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ARTICLE 3
PIGGYBACK REGISTRATIONS
SECTION 3.1 Right to Piggyback.
Each time the Company proposes to register any shares of its Common
Stock (other than pursuant to a Demand Registration) under the Securities Act
for cash sale through an underwriter or underwriters (other than through a
holder of Common Stock who may be deemed a statutory underwriter) and the
registration form to be used may be used for the registration of Registrable
Shares, the Company shall give prompt written notice to the Holders of
Registrable Shares of its intention to effect such a registration (which notice
shall be given not less than 10 days prior to the date the registration
statement is filed) and such notice shall offer such Holders (the "Entitled
Holders") the opportunity to have any or all of the Registrable Shares included
in such registration statement, subject to the limitations contained in Section
3.2. The Entitled Holders desiring to have their Registrable Shares registered
under this Article 3 will so advise the Company in writing within 20 days after
the date of receipt of such notice from the Company. Subject to Section 3.2
below, the Company shall include in such registration statement all such
Registrable Shares so requested to be included therein; provided, however, that
the Company may at any time withdraw or cease proceeding with any such
registration if it shall at the same time withdraw or cease proceeding with the
registration of all the shares of Common Stock originally proposed to be
registered.
SECTION 3.2 Priority on Registrations.
If the managing underwriter advises the Company in writing that the
number of shares of Common Stock requested to be included in the registration by
all Persons (including the Company) exceeds the number of shares of Common Stock
which can be sold in such offering, the Company will be obligated to include in
such registration only (i) first, any and all shares of Common Stock for sale by
the Company, and (ii) second, pro rata among the Registrable Shares and any
other shares of Common Stock requested to be included pursuant to any other
registration rights that may have been, or may hereafter be, granted by the
Company (on the basis of the total number of shares of Common Stock that each
holder has requested to be registered). No Person may participate in any
registration hereunder unless such Person (x) agrees to sell such Person's
Registrable Shares on the basis provided in any underwriting arrangements
approved by the Company and (y) completes and executes all
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questionnaires, powers of attorney, indemnities, underwriting agreements, and
other documents required under the terms of such underwriting arrangements.
SECTION 3.3 Holdback Agreement.
Unless the managing underwriter otherwise agrees, each of HMTF and the
Entitled Holders agrees not to effect any public sale or private offer or
distribution of any Common Stock or Common Stock Equivalents during the ten
business days prior to any underwritten registration and during such time period
after any underwritten registration (not to exceed 180 days) (except, if
applicable, as part of such underwritten registration) as HMTF and the managing
underwriter may agree.
SECTION 3.4 Registration Procedures.
Whenever the Entitled Holders have requested that any Registrable Shares
be registered pursuant to this Stockholders Agreement, the Company will use its
commercially reasonable efforts to effect the registration and the sale of such
Registrable Shares in accordance with the intended method of disposition
thereof, and pursuant thereto the Company will as expeditiously as possible:
(a) prepare and file with the SEC a registration statement on any
appropriate form under the Securities Act with respect to such
Registrable Shares and use its commercially reasonable efforts to cause
such registration statement to become effective;
(b) prepare and file with the SEC such amendments, post-effective
amendments, and supplements to such registration statement and the
prospectus used in connection therewith as may be necessary to keep such
registration statement effective for a period of not less than 180 days
(or such lesser period as is necessary for the underwriters in an
underwritten offering to sell unsold allotments) and comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement during such period in
accordance with the intended methods of disposition by the sellers
thereof set forth in such registration statement;
(c) furnish to each seller of Registrable Shares and the
underwriters of the securities being registered such number of copies of
such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each
preliminary prospectus), and such
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other documents as such seller or underwriters may reasonably request in
order to facilitate the disposition of the Registrable Shares owned by
such seller or the sale of such securities by such underwriters;
(d) use its commercially reasonable efforts to register or qualify
such Registrable Shares under such other securities or blue sky laws of
such jurisdictions as the managing underwriter reasonably requests and
do any and all other acts and things which may be reasonably necessary
or advisable to enable such seller to consummate the disposition of the
Registrable Shares owned by such seller in such jurisdictions (provided,
however, that the Company will not be required to (A) qualify generally
to do business in any jurisdiction where it would not otherwise be
required to qualify but for this subparagraph or (B) consent to general
service of process in any such jurisdiction);
(e) notify each seller of Registrable Shares promptly after it shall
receive notice thereof, of the time when such registration statement has
become effective or a supplement to any prospectus forming a part of
such registration statement has been filed;
(f) notify each seller of Registrable Shares promptly of any request
by the SEC for the amending or supplementing of such registration
statement or prospectus or for additional information;
(g) prepare and file with the SEC promptly any amendments or
supplements to such registration statement or prospectus which, in the
opinion of counsel for the Company or the managing underwriter, is
required in connection with the distribution of the Registrable Shares;
(h) enter into such agreements (including underwriting agreements in
the managing underwriter's customary form) as are customary in
connection with an underwritten registration; and
(i) advise each seller of such Registrable Shares, promptly after it
shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the SEC suspending the effectiveness of such registration
statement or the initiation or threatening of any proceeding for such
purpose and promptly use its best efforts to prevent the issuance of any
stop order or to obtain its withdrawal if such stop order should be
issued.
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SECTION 3.5 Suspension of Dispositions.
Each Entitled Holder agrees by acquisition of any Registrable Shares
that, upon receipt of any notice (a "Suspension Notice") from the Company of the
happening of any event of the kind which, in the opinion of the Company,
requires the amendment or supplement of any prospectus, such Entitled Holder
will forthwith discontinue disposition of Registrable Shares until such Entitled
Holder's receipt of the copies of the supplemented or amended prospectus, or
until it is advised in writing (the "Advice") by the Company that the use of the
prospectus may be resumed, and has received copies of any additional or
supplemental filings which are incorporated by reference in the prospectus, and,
if so directed by the Company, such Holder will deliver to the Company all
copies, other than permanent file copies then in such Holder's possession, of
the prospectus covering such Registrable Shares current at the time of receipt
of such notice. In the event the Company shall give any such notice, the time
period regarding the effectiveness of registration statements set forth in
Section 3.4(b) hereof shall be extended by the number of days during the period
from and including the date of the giving of the Suspension Notice to and
including the date when each seller of Registrable Shares covered by such
registration statement shall have received the copies of the supplemented or
amended prospectus or the Advice.
SECTION 3.6 Registration Expenses.
All expenses incident to the Company's performance of or compliance with
this Article 3 including, without limitation, all registration and filing fees,
all fees and expenses associated with filings required to be made with the
National Association of Securities Dealers, Inc. ("NASD") (including, if
applicable, the fees and expenses of any "qualified independent underwriter" as
such term is defined in Schedule E of the By-Laws of the NASD, and of its
counsel), as may be required by the rules and regulations of the NASD, fees and
expenses of compliance with securities or "blue sky" laws (including reasonable
fees and disbursements of counsel in connection with "blue sky" qualifications
of the Registrable Shares), rating agency fees, printing expenses (including
expenses of printing certificates for the Registrable Shares in a form eligible
for deposit with Depositary Trust Company and of printing prospectuses if the
printing of prospectuses is requested by a holder of Registrable Shares),
messenger and delivery expenses, fees and expenses of counsel for the Company
and its independent certified public accountants (including the expenses of any
special audit or "cold comfort" letters required by or incident to such
performance), securities acts liability insurance (if the Company elects to
obtain such insurance), the fees and expenses of any special experts retained by
the Company in connection with
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such registration, and fees and expenses of other persons retained by the
Company (all such expenses being herein called "Registration Expenses") will be
borne by the Company whether or not any registration statement becomes
effective; provided that in no event shall Registration Expenses include any
underwriting discounts, commissions, or fees attributable to the sale of the
Registrable Shares or any counsel, accountants, or other persons retained or
employed by the Entitled Holders.
SECTION 3.7 Indemnification.
(a) The Company agrees to indemnify and reimburse, to the fullest extent
permitted by law, each seller of Registrable Shares, and each of its employees,
advisors, agents, representatives, partners, officers, and directors and each
Person who controls such seller (within the meaning of the Securities Act or the
Exchange Act) (collectively, the "Seller Affiliates") (A) against all losses,
claims, damages, liabilities and expenses, joint or several (including, without
limitation, attorneys' fees except as limited by subparagraph (c) below) arising
out of or caused by any untrue or alleged untrue statement of a material fact
contained in any registration statement, prospectus, or preliminary prospectus
or any amendment thereof or supplement thereto or any omission or alleged
omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading, (B) against any and all loss, liability,
claim, damage, and expense whatsoever, as incurred, to the extent of the
aggregate amount paid in settlement of any litigation, or investigation or
proceeding by any governmental agency or body, commenced or threatened, or of
any claim whatsoever based upon any such untrue statement or omission, and (C)
against any and all costs and expenses (including reasonable fees and
disbursements of counsel and other agents) as may be reasonably incurred in
investigating, preparing, or defending against any litigation, or investigation
or proceeding by any governmental agency or body, commenced or threatened, or
any claim whatsoever based upon any such untrue statement or omission, to the
extent that any such expense or cost is not paid under subparagraph (A) or (B)
above; except insofar as the same are made in reliance upon and in strict
conformity with information furnished in writing to the Company by such seller
or any Seller Affiliate for use therein or by such seller or any Seller
Affiliate's failure to deliver a copy of the registration statement or
prospectus or any amendments or supplements thereto after the Company has
furnished such seller or Seller Affiliate with a sufficient number of copies of
the same. The reimbursements required by this Section 3.7(a) will be made by
periodic payments during the course of the investigation or defense, as and when
bills are received or expenses incurred.
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(b) In connection with any registration statement in which a seller of
Registrable Shares is participating, each such seller will furnish to the
Company in writing such information and affidavits as the Company reasonably
requests for use in connection with any such registration statement or
prospectus and, to the fullest extent permitted by law, each such seller will
indemnify the Company, its directors, and officers and each Person who controls
the Company (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities, and expenses (including, without limitation,
attorneys' fees except as limited by subparagraph (c) below) resulting from any
untrue statement or alleged untrue statement of a material fact contained in the
registration statement, prospectus, or preliminary prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement or alleged
untrue statement, or omission or alleged omission, is contained in any
information or affidavit so furnished in writing by such seller or any of its
Seller Affiliates; provided that the obligation to indemnify will be several,
not joint and several, among such sellers of Registrable Shares, and the
liability of each such seller of Registrable Shares will be in proportion to,
and provided further that such liability will be limited to, the net amount
received by such seller from the sale of Registrable Shares pursuant to such
registration statement.
(c) Any Person entitled to indemnification hereunder will (A) give
prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give such notice
shall not limit the rights of such Person) and (B) unless in such indemnified
party's reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim, permit such
indemnifying party to assume the defense of such claim with counsel reasonably
satisfactory to the indemnified party; provided, however, that any person
entitled to indemnification hereunder shall have the right to employ separate
counsel and to participate in the defense of such claim, but the fees and
expenses of such counsel shall be at the expense of such person unless (X) the
indemnifying party has agreed to pay such fees or expenses, or (Y) the
indemnifying party shall have failed to assume the defense of such claim or
employ counsel reasonably satisfactory to such person. If such defense is
assumed, the indemnifying party will not be subject to any liability for any
settlement made by the indemnified party without its consent (but such consent
will not be unreasonably withheld). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim will not be obligated to pay
the fees and expenses of more than one counsel for all parties indemnified by
such indemnifying party with respect to such claim, unless
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in the reasonable judgment of any indemnified party, a conflict of interest may
exist between such indemnified party and any other of such indemnified parties
with respect to such claim.
(d) Each party hereto agrees that, if for any reason the indemnification
provisions contemplated by Section 3.7(a) or Section 3.7(b) are unavailable to
or insufficient to hold harmless an indemnified party in respect of any losses,
claims, damages, liabilities, or expenses (or actions in respect thereof)
indemnified herein, then each indemnifying party shall contribute to the amount
paid or payable by such indemnified party as a result of such losses, claims,
liabilities, or expenses (or actions in respect thereof) in such proportion as
is appropriate to reflect the relative fault of the indemnifying party and the
indemnified party as well as any other relevant equitable considerations. The
relative fault of such indemnifying party and indemnified party shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by such indemnifying party or
indemnified party, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 3.7(d) were determined by pro rata allocation (even if
the Entitled Holders or any underwriters or all of them were treated as one
entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in this Section 3.7(d).
The amount paid or payable by an indemnified party as result of the losses,
claims, damages, liabilities, or expenses (or actions in respect thereof)
referred to above shall be deemed to include any legal or other fees or expenses
reasonably incurred by such indemnified party in connection with investigating
or, except as provided in Section 3.7(c), defending any such action or claim.
Notwithstanding the provisions of this Section 3.7(d), no Entitled Holder shall
be required to contribute an amount greater than the dollar amount of the
proceeds received by such Entitled Holder with respect to the sale of any
Registrable Shares. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. The Entitled Holders' obligations in this Section 3.7(d) to
contribute shall be several in proportion to the amount of Registrable Shares
registered by them and not joint.
(e) The indemnification and contribution provided for under this
Agreement will remain in full force and effect regardless of any investigation
made by
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or on behalf of the indemnified party or any officer, director, or controlling
Person of such indemnified party and will survive the transfer of securities.
The Company also agrees to make such provisions as are reasonably requested by
any indemnified party for contribution to such party in the event the Company's
indemnification is unavailable for any reason.
ARTICLE 4
TRANSFERS OF SECURITIES
SECTION 4.1 Preemptive Rights.
4.1.1 Rights to Participate in Future Sales. In case the Company or any
Affiliated Successor (as hereinafter defined) proposes to issue or sell any
shares of Common Stock or Common Stock Equivalents (the "Offered Securities"),
the Company shall, no later than twenty days prior to the consummation of such
transaction (a "Preemptive Rights Transaction"), give notice in writing (the
"Offer Notice") of such Preemptive Rights Transaction to each Holder of Common
Stock or Class A Common Stock (each a "Common Stock Holder"). The Offer Notice
shall describe the proposed Preemptive Rights Transaction, identify the proposed
purchaser, and contain an offer (the "Preemptive Rights Offer") to sell to each
Common Stock Holder who certifies (to the reasonable satisfaction of the
Company) that such Holder is an Accredited Investor (an "Accredited Offeree"),
at the same price and for the same consideration to be paid by the proposed
purchaser, all or part of such Accredited Offeree's pro rata portion of the
Offered Securities (which shall be the percentage ownership of the Fully-Diluted
Common Stock of such Holder). As used herein, the term "Affiliated Successor"
means a successor entity to the Company (whether by merger, consolidation,
reorganization, or otherwise) in which HMTF owns at least the same percentage of
the fully-diluted common stock of such entity (after giving effect to the
merger, consolidation, reorganization, or other transaction) as HMTF owns of the
Fully-Diluted Common Stock of the Company. If any such Holder fails to accept
such offer by written notice fifteen days after its receipt of the Offer Notice,
the Company or such Affiliated Successor may proceed with the proposed issue or
sale of the Offered Securities, free of any right on the part of any Holder
under this Section 4.1.1 in respect thereof.
4.1.2 Exceptions to Preemptive Rights. This Section 4.1 shall not apply
to (i) issuances or sales of Common Stock or Common Stock Equivalents to
employees,
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officers, and/or directors of the Company and/or any of its Subsidiaries
pursuant to employee benefit or similar plans or arrangements of the Company
and/or its Subsidiaries, (ii) issuances or sales of Common Stock or Common Stock
Equivalents upon exercise of any Common Stock Equivalent which, when issued, was
exempt from the preemptive rights under this Section 4.1 (including, without
limitation, the Class A Common Stock), (iii) securities distributed or set aside
ratably to all holders of Common Stock and Common Stock Equivalents (or any
class or series thereof) on a per share equivalent basis, (iv) issuances or
sales of Common Stock or Common Stock Equivalents pursuant to a registered
underwritten public offering, a merger of the Company or a subsidiary of the
Company into or with another entity or an acquisition by the Company or a
subsidiary of the Company of another business or corporation or (v) issuances or
sales of Common Stock pursuant to the Securities Purchase Agreement of even date
herewith. In the event of any issuances or sales of Common Stock or Common Stock
Equivalents as a unit with any other security of the Company or its
Subsidiaries, the preemptive rights under this Section shall be applicable to
the entire unit rather than only the Common Stock or Common Stock Equivalent
included in the unit.
SECTION 4.2 Drag Along Rights.
4.2.1 Applicability. In connection with any sale, transfer, exchange or
other disposition by HMTF or any of its Affiliates of shares of Common Stock
representing more than 5% of the Fully-Diluted Common Stock (a "Significant
Sale"), HMTF shall have the right to require each non-selling Holder (each, a
"Co-Seller") to sell a portion of its Common Stock and, if requested by HMTF as
provided below, Class A Common Stock, which represents the same percentage of
such Co-Seller's Fully-Diluted Common Stock as the shares being disposed of by
HMTF and its Affiliates represent of their Fully-Diluted Common Stock. (For
example, if HMTF and its Affiliates are selling 50% of their Fully-Diluted
Common Stock position, each Co-Seller shall be required to sell 50% of its
Fully-Diluted Common Stock position.) All Class A Common Stock and Common Stock
sold or transferred by Holders pursuant to this Section 4.2 shall be sold at the
same price (on a Common Stock equivalent basis) and otherwise treated
identically with the Common Stock being sold by HMTF and its Affiliates in all
respects; provided, that at HMTF's request, each Holder shall be required to
sell or transfer Class A Common Stock in lieu of Common Stock; and provided,
further, that the Co-Seller shall not be required to make any representations or
warranties in connection with such sale or transfer other than representations
and warranties as to (i) such Co-Seller's ownership of his Class A Common Stock
or
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Common Stock to be sold or transferred free and clear of all liens, claims and
encumbrances, (ii) such Co-Seller's power and authority to effect such transfer,
and (iii) such matters pertaining to compliance with securities laws as the
transferee may reasonably require except that the transferee may not require
that each transferring Co-Seller be an Accredited Investor.
4.2.2 Notice of Significant Sale. HMTF shall give each Co-Seller at
least 30 days' prior written notice of any Significant Sale as to which HMTF
intends to exercise its rights under Section 4.2. If HMTF elects to exercise its
rights under Section 4.2, the Co-Sellers shall take such actions as may be
reasonably required and otherwise cooperate in good faith with HMTF in
connection with consummating the Significant Sale (including, without
limitation, the voting of any Common Stock or other voting capital stock of the
Company to approve such Significant Sale). At the closing of such Significant
Sale, each Co-Seller shall deliver certificates for all shares of Common Stock
(or, if applicable, Class A Common Stock) to be sold by such Co-Seller, duly
endorsed for transfer, with the signature guaranteed, to the purchaser against
payment of the appropriate purchase price.
SECTION 4.3 Tag Along Rights.
4.3.1 Applicability. In the event HMTF or any of its Affiliates desires
to effect a Significant Sale and it does not elect to exercise its rights under
Section 4.2 hereof, then at least 30 days prior to the closing of such
Significant Sale, HMTF shall make an offer (the "Participation Offer") to each
Co-Seller to include in the proposed Significant Sale a portion of its Common
Stock and, if consented to by the transferee as provided below, Class A Common
Stock, which represent the same percentage of such Co-Seller's Fully-Diluted
Common Stock as the shares being sold by HMTF and its Affiliates represent of
their Fully-Diluted Common Stock; provided that, if the consideration to be
received by HMTF and its Affiliates includes any securities, only Co-Sellers who
have certified to the reasonable satisfaction of HMTF that they are Accredited
Investors shall be entitled to participate in such transfer, unless the
transferee consents otherwise and provided, further, that if the transferee in
the Significant Sale consents, any Holder may elect to dispose of Class A Common
Stock (on a Common Stock equivalent basis) in lieu of Common Stock.
4.3.2 Terms of Participation Offer. The Participation Offer shall
describe the terms and conditions of the proposed Significant Sale and shall be
conditioned upon (i) the consummation of the transactions contemplated in the
Participation Offer with
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the transferee named therein, and (ii) each Co-Seller's execution and delivery
of all agreements and other documents as HMTF is required to execute and deliver
in connection with such Significant Sale (provided that the Co-Seller shall not
be required to make any representations or warranties in connection with such
sale or transfer other than representations and warranties as to (A) such
Co-Seller's ownership of his Class A Common Stock or Common Stock to be sold or
transferred free and clear of all liens, claims, and encumbrances, (B) such
Co-Seller's power and authority to effect such transfer and (C) such matters
pertaining to compliance with securities laws as the transferee may reasonably
require). If any Co-Seller shall accept the Participation Offer, HMTF shall
reduce, to the extent necessary, the number of shares of Common Stock it
otherwise would have sold in the proposed transfer so as to permit those
Co-Sellers who have accepted the Participation Offer to sell the number of
shares of Common Stock or, if applicable, Class A Common Stock that they are
entitled to sell under this Section 4.3, and HMTF and such Co-Sellers shall
transfer the number of shares Common Stock or, if applicable, Class A Common
Stock specified in the Participation Offer to the proposed transferee in
accordance with the terms of such transfer as set forth in the Participation
Offer.
SECTION 4.4 Certain Events Not Deemed Transfers.
In no event shall any exchange, reclassification, or other conversion of
shares into any cash, securities, or other property pursuant to a merger or
consolidation of the Company or any Subsidiary with, or any sale or transfer by
the Company or any Subsidiary of all or substantially all its assets to, any
Person constitute a transfer of shares of Common Stock by HMTF for purposes of
Section 4.2 or 4.3. In addition, Sections 4.2 and 4.3 hereof shall not apply to
any transfer, sale, or disposition of shares of Common Stock solely among HMTF
and its Affiliates.
SECTION 4.5 Transfer and Exchange.
When Securities are presented to the Company with a request to register
the transfer of such Securities or to exchange such Securities for Securities of
other authorized denominations, the Company shall register the transfer or make
the exchange as requested if the requirements of this Stockholders Agreement for
such transaction are met; provided, however, that the Securities surrendered for
transfer or exchange shall be duly endorsed or accompanied by a written
instrument of transfer in form satisfactory to the Company, duly executed by the
Holder thereof or its attorney and duly authorized in writing. No service charge
shall be made for any registration of transfer or exchange, but the Company may
require payment of a sum sufficient to
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cover any transfer tax or similar governmental charge payable in connection
therewith.
SECTION 4.6 Replacement Securities.
If a mutilated Security is surrendered to the Company or if the
Securityholder claims and submits an affidavit or other evidence, satisfactory
to the Company, to the effect that the Security has been lost, destroyed or
wrongfully taken, the Company shall issue a replacement Security if the
Company's requirements are met. If required by the Company, such Securityholder
must provide an indemnity bond, or other form of indemnity, sufficient in the
judgment of the Company to protect the Company against any loss which may be
suffered. The Company may charge such Securityholder for its reasonable
out-of-pocket expenses in replacing a Security which has been mutilated, lost,
destroyed or wrongfully taken.
ARTICLE 5
LIMITATION ON TRANSFERS
SECTION 5.1 Restrictions on Transfer.
The Securities shall not be Transferred, hypothecated or assigned before
satisfaction of (i) the conditions specified in this Section 5.1, Section 5.2
and Section 5.3, which conditions are intended to ensure compliance with the
provisions of the Securities Act with respect to the Transfer of any Security
and (ii) if applicable, Article 4 hereof. Any purported transfer in violation of
this Article 5 and/or, if applicable, Article 4 hereof shall be void ab initio
and of no force or effect. Other than transfers subject to Sections 4.2 or 4.3
hereof and other than transfers to the public pursuant to an effective
registration statement or sales to the public pursuant to Rule 144 under the
Securities Act and otherwise permitted hereunder, each Holder will cause any
proposed transferee of any Security or any interest therein held by it to agree
to take and hold such securities subject to the provisions and upon the
conditions specified in this Stockholders Agreement.
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SECTION 5.2 Restrictive Legends.
5.2.1 Securities Act Legend. Except as otherwise provided in Section 5.4
hereof, each Security held by a Holder, and each Security issued to any
subsequent transferee of such Security, shall be stamped or otherwise imprinted
with a legend in substantially the following form:
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR
PURSUANT TO THE SECURITIES OR "BLUE SKY" LAWS OF ANY STATE.
SUCH SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED,
PLEDGED, HYPOTHECATED OR OTHERWISE ASSIGNED, EXCEPT PURSUANT
TO (i) A REGISTRATION STATEMENT WITH RESPECT TO SUCH
SECURITIES WHICH IS EFFECTIVE UNDER SUCH ACT, (ii) RULE 144
UNDER SUCH ACT, OR (iii) ANY OTHER EXEMPTION FROM REGISTRATION
UNDER SUCH ACT.
5.2.2 Other Legends. Except as otherwise permitted by the last sentence
of Section 5.1, each Security issued to each Holder or a subsequent transferee
shall include a legend in substantially the following form:
THIS SECURITY IS SUBJECT TO RESTRICTIONS ON TRANSFER, VOTING
AND OTHER TERMS AND CONDITIONS SET FORTH IN THE AMENDED AND
RESTATED STOCKHOLDERS AGREEMENT DATED AS OF JUNE 6, 1997, A
COPY OF WHICH MAY BE OBTAINED FROM VIASYSTEMS GROUP, INC. AT
ITS PRINCIPAL EXECUTIVE OFFICES.
SECTION 5.3 Notice of Proposed Transfers.
Prior to any Transfer or attempted Transfer of any Security, the Holder
of such Security shall give ten days' prior written notice (a "Transfer Notice")
to the Company of such Holder's intention to effect such Transfer, describing
the manner and circumstances of the proposed Transfer, and (i) obtain from
counsel to such Holder who shall be reasonably satisfactory to the Company, an
opinion reasonably satisfactory to the Company (or supply such other evidence
reasonably satisfactory to
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the Company) that the proposed Transfer of such Security may be effected without
registration under the Securities Act, or (ii) certify to the Company that the
Holder reasonably believes the proposed transferee is a "qualified institutional
buyer" and that such Holder has taken reasonable steps to make the proposed
transferee aware that such Holder may rely on Rule 144A under the Securities Act
in effecting such Transfer. After receipt of the Transfer Notice and opinion (if
required), the Company shall, within five days thereof, so notify the Holder of
such Security and such Holder shall thereupon be entitled to Transfer such
Security in accordance with the terms of the Transfer Notice. Each Security
issued upon such Transfer shall bear the restrictive legend set forth in Section
5.2, unless in the opinion of such counsel such legend is not required in order
to ensure compliance with the Securities Act. The Holder of the Security giving
the Transfer Notice shall not be entitled to Transfer such Security until
receipt of the notice from the Company under this Section 5.3.
SECTION 5.4 Termination of Certain Restrictions.
Notwithstanding the foregoing provisions of this Section 5, the
restrictions imposed by Section 5.2.1 upon the transferability of the Securities
and the legend requirements of Section 5.2.1 shall terminate as to any Security
(i) when and so long as such Security shall have been effectively registered
under the Securities Act and disposed of pursuant thereto or (ii) when the
Company shall have received an opinion of counsel reasonably satisfactory to it
that such Security may be transferred without registration thereof under the
Securities Act and that such legend may be removed. Whenever the restrictions
imposed by Section 5.2 shall terminate as to any Security, the Holder thereof
shall be entitled to receive from the Company, at the Company's expense, a new
Security not bearing the restrictive legend set forth in Section 5.2.
ARTICLE 6
OPTION BY CERTAIN UNACCREDITED HOLDERS
SECTION 6.1 Grant of Option.
Each Holder acknowledges HMTF's desire that each stockholder of the
Company qualify as an Accredited Investor so that no disclosure document will be
required in order to exempt (pursuant to Regulation D) any future issuances of
securities to the existing stockholders of the Company. Accordingly, upon the
occurrence of an Option Transaction (as defined in Section 6.2 hereof) with
respect to
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the Company, each Holder shall be deemed to have granted to Xxxxx, Xxxx XX
Partners, L.P., a Texas limited partnership ("Optionee"), an option ("Option")
to purchase, upon the terms and conditions set forth herein, all securities of
the Company held by such Holder and all shares, notes, or other securities now
or hereafter issued or issuable in respect of any such securities (whether
issued or issuable by the Company or any other person or entity) (collectively,
the "Option Securities").
SECTION 6.2 Option Transaction.
The Option may be exercised only if (a) the Company is engaged in or
proposes to engage in a transaction in which any shares, notes, or other
securities will be issued to such Holder in a transaction constituting a "sale"
within the meaning of Section 2(3) of the Securities Act (whether through a
merger, consolidation, exchange, recapitalization, purchase, or otherwise), (b)
the Holder is not an Accredited Investor at the time of the respective
transaction (an "Unaccredited Holder"), (c) no security holder (except for such
Unaccredited Holder or any other person granting a similar option to Optionee)
of the Company involved in the respective transaction fails at the time of such
transaction to qualify as an Accredited Investor, and (d) the issuer of the
shares, notes, or other securities involved in such transaction (as conclusively
evidenced by any notice signed in good faith by an executive officer or other
authorized representative of Optionee) has not prepared and is not expected to
prepare in connection with such transaction appropriate disclosure documents
that are sufficient to register such shares, notes, or other securities under
the Securities Act or to exempt such registration in accordance with Regulation
D. Each transaction for which the Option may be exercised as provided in this
Section 6.2 is herein referred to as an "Option Transaction."
SECTION 6.3 Exercise of Option.
Optionee may exercise the Option solely with respect to all, but not
less than all, of such Unaccredited Holder's Option Securities involved in the
respective Option Transaction. The Option may be exercised with respect to such
Option Securities at any time before the consummation of the respective Option
Transaction for which the Option is then exercisable. The exercise of the Option
will be timely and effectively made if Optionee provides written notice of such
exercise to such Unaccredited Holder before such consummation of the respective
Option Transaction. The earliest date on which such notice is so mailed or
delivered will constitute the respective exercise date of the Option to which
such notice relates.
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SECTION 6.4 Closing.
Unless otherwise agreed by Optionee and such Unaccredited Holder, the
closing of each exercise of the Option will take place at the offices of
Optionee in Dallas, Texas, on the fifth business day after notice of the
Option's exercise is mailed or delivered in accordance with Section 6.3. At the
closing, Optionee will pay the exercise price to such Unaccredited Holder in
cash (by certified or cashier's check) solely upon such Unaccredited Holder's
delivering to Optionee valid certificates evidencing all Option Securities then
being purchased pursuant to the exercise of the Option. Such certificates will
be duly endorsed (with signature guaranteed) for transfer to Optionee, and upon
delivery of such certificates to Optionee, such Unaccredited Holder will be
deemed to represent and warrant to Optionee that the transferred Option
Securities are owned by such Unaccredited Holder free and clear of all liens,
adverse claims, and other encumbrances other than as provided in this
Stockholders Agreement. Payment of the exercise price for the Option Securities
is not required in order to effect the timely exercise of the Option. In order
to ensure the transfer of the Option Securities purchased upon exercise of the
Option, each Unaccredited Holder hereby severally appoints Optionee as his or
her attorney in fact for the purpose of effecting any such transfer, and each
Unaccredited Holder acknowledges and agrees that such power of attorney is
coupled with an interest and is irrevocable. Moreover, Optionee and each
Unaccredited Holder will promptly perform, whether before or after any Option
closing, such additional acts (including without limitation executing and
delivering additional documents) as are reasonably required by either such party
to effect more fully the transactions contemplated hereby.
SECTION 6.5 Exercise Price.
The exercise price for each Option Security will equal the price per
share (or, in the case of securities other than capital stock, other applicable
denomination) to be paid in connection with the Option Transaction as determined
in good faith by the Board of Directors or such other governing body (or
authorized committee thereof) of either (a) the issuer of such Option Security
or (b) Optionee if no such issuer determination is made, it being understood
that determinations made by the issuer or Optionee pursuant to this Section 6.5
will be final and conclusive.
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SECTION 6.6 Assignment of Option.
The Option may be assigned or transferred in whole or in part by
Optionee without any consent or other action on the part of the affected Other
Holder, and all references herein to "Optionee" will include without limitation
each assignee or transferee of all or any part of the Option.
ARTICLE 7
TERMINATION
The provisions of this Agreement shall terminate on September 30, 2006;
provided, however, that Sections 4.1, 4.2, 4.3, Article 5 (other than Sections
5.2 and 5.4) and Article 6 of this Agreement shall terminate upon the
consummation prior to the expiration of such 10-year period of a registered
underwritten public offering of Common Stock or Common Stock Equivalents.
ARTICLE 8
MISCELLANEOUS
SECTION 8.1 Notices.
Any notices or other communications required or permitted hereunder
shall be in writing, and shall be sufficiently given if made by hand delivery,
by telex, by telecopier or registered or certified mail, postage prepaid, return
receipt requested, addressed as follows (or at such other address as may be
substituted by notice given as herein provided):
If to the Company:
Viasystems Group, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxxx
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25
Copies to:
Hicks, Muse, Xxxx & Xxxxx Incorporated
000 Xxxxxxxx Xxxxx
Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxxxxx X. Xxxxxx, Xx.
Xxxxx & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx, Xxxxx 000
Xx. Xxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxxx
Weil, Gotshal & Xxxxxx LLP
000 Xxxx Xxxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxx X. Xxxx
If to any Holder, at its address listed on the signature pages hereof.
Any notice or communication hereunder shall be deemed to have been given
or made as of the date so delivered, if personally delivered; when answered
back, if telexed; when receipt is acknowledged, if telecopied; and three
calendar days after mailing if sent by registered or certified mail (except that
a notice of change of address shall not be deemed to have been given until
actually received by the addressee).
Failure to mail a notice or communication to a Holder or any defect in
it shall not affect its sufficiency with respect to other Holders. If a notice
or communication is mailed in the manner provided above, it is duly given,
whether or not the addressee receives it.
SECTION 8.2 Legal Holidays.
A "Legal Holiday" used with respect to a particular place of payment is
a Saturday, a Sunday or a day on which banking institutions at such place are
not required to be open. If a payment date is a Legal Holiday at such place,
payment may be made at such place on the next succeeding day that is not a Legal
Holiday, and no interest on the amount of such payment shall accrue for the
intervening period.
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SECTION 8.3 Governing Law; Jurisdiction.
THIS STOCKHOLDERS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW.
SECTION 8.4 Successors and Assigns.
Whether or not an express assignment has been made pursuant to the
provisions of this Stockholders Agreement, provisions of this Stockholders
Agreement that are for the Holders' benefit as the holders of any Securities are
also for the benefit of, and enforceable by, all subsequent holders of
Securities, except as otherwise expressly provided herein. This Stockholders
Agreement shall be binding upon the Company, each Holder, and their respective
successors and assigns.
SECTION 8.5 Duplicate Originals.
All parties may sign any number of copies of this Stockholders
Agreement. Each signed copy shall be an original, but all of them together shall
represent the same agreement.
SECTION 8.6 Severability.
In case any provision in this Stockholders Agreement shall be held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and the
remaining provisions shall not in any way be affected or impaired thereby
SECTION 8.7 Additional Parties.
Additional future stockholders of the Company may be added as parties to
this Agreement, thereby being bound by its terms and conditions and entitled to
its benefits, upon the execution by such future stockholders a separate
signature page to such effect and upon obtaining the consent of the Holders of a
majority of the outstanding shares of Common Stock and Class A Common Stock.
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SECTION 8.8 No Waivers; Amendments.
8.8.1 No failure or delay on the part of the Company or any Holder in
exercising any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or
remedy preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. The remedies provided for herein are cumulative
and are not exclusive of any remedies that may be available to the Company or
any Holder at law or in equity or otherwise.
8.8.2 Any provision of this Stockholders Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed by
the Company and the Required Holders; provided that no such amendment or waiver
shall, (i) unless signed by Holders who then own beneficially more than 66-2/3%
of the aggregate number of shares of Common Stock and 66-2/3% of the aggregate
number of shares of Class A Common Stock, subject to this Agreement, amend the
provisions of Section 2.2 and (ii) unless signed by all of the Holders affected,
(A) amend the provisions of this Section 8.7.2 or (B) change the number of
Holders which shall be required for the Holders or any of them to take any
action under this Section 8.7.2 or any other provision of this Stockholders
Agreement.
[Remainder of page intentionally left blank]
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SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
IN WITNESS WHEREOF, the parties hereto have caused this Stockholders
Agreement to be duly executed, all as of the date first written above.
VIASYSTEMS GROUP, INC.
By: /s/ XXXXX XXXXXXX
-----------------------------------------
Name: Xxxxx Xxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
29
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
HICKS, MUSE, XXXX & XXXXX EQUITY FUND III, L.P.
By: HM3/GP Partners, L.P., its General Partner
By: Xxxxx, Muse GP Partners III, L.P.,
its General Partner
By: Xxxxx, Muse Fund III
Incorporated, its General Partner
By: /s/ XXXXXX X. XXXXX
---------------------------------
Name: Xxxxxx X. Xxxxx
-------------------------------
Title: Vice President
------------------------------
30
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
HM3 Coinvestors, L.P.
By: Xxxxx, Muse GP Partners, L.P., its General
Partner
By: Xxxxx, Muse Fund III
Incorporated, its General Partner
By: /s/ XXXXXX X. XXXXX
-----------------------------------------
Name: Xxxxxx X. Xxxxx
---------------------------------------
Title: Vice President
--------------------------------------
Address:
c/o Hicks, Muse, Xxxx & Xxxxx Incorporated
000 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxxxxx X. Xxxxxx, Xx.
Copy to:
Weil, Gotshal & Xxxxxx LLP
000 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxxx X. Xxxx
31
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXX
/s/ XXXXX X. XXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxx
32
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXXXXX
/s/ XXXXX X. XXXXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxxx
33
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
W. XXXXXX XxXXXX
/s/ W. XXXXXX XxXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: W. Xxxxxx XxXxxx
34
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXXX X. XXXXX
/s/ XXXXXX X. XXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. Xxxxx
35
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXX
/s/ XXXXX X. XXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxx
36
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXXXX
/s/ XXXXX X. XXXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxx
37
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
X X XXXX
/s/ X X XXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: X X Xxxx
38
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXX X. XXXXXX
/s/ XXXX X. XXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxx X. Xxxxxx
39
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXXXX X. XXXXXX
/s/ XXXXXXX X. XXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxx
40
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXXXX
/s/ XXXXX X. XXXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxx
41
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXXXX X. XXXXXXX
/s/ XXXXXXX X. XXXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxx
42
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXXX X. XXX
/s/ XXXXXX X. XXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. Xxx
43
SIGNATURES TO
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
NAME OF HOLDER:
XXXXX X. XXXXXXX
/s/ XXXXX X. XXXXXXX
---------------------------------------------
Signature
Address:
c/o Mills & Partners, Inc.
000 Xxxxx Xxxxxx Xxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxx
