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EXHIBIT 4.1
SECURITIES SUBSCRIPTION AGREEMENT
AGREEMENT dated as of April 12, 2001, among Condor Systems Inc., a
California corporation (the "COMPANY"), Xxxxxxx Capital II L.P. and Strategic
Entrepreneur Fund II, L.P. (collectively, "XXXXXXX"), and DLJ Merchant Banking
Partners II, L.P. and each of its affiliates listed on Exhibit A hereto
(collectively, "DLJMB") (Xxxxxxx and DLJMB each an "INVESTOR" and collectively,
the "INVESTORS"). Capitalized terms used herein and not otherwise defined herein
shall have the meaning ascribed to such terms in the Investor's Agreement dated
as of April 15, 1999 among the Company, Xxxxxxx, DLJMB and the other signatories
thereto (as may hereafter be amended, the "INVESTORS AGREEMENT").
W I T N E S S E T H :
WHEREAS, the Company desires to obtain funds to refinance certain debt
of the Company; and
WHEREAS, the Investors desire to subscribe for, and the Company desires
to issue to the Investors, (i) 15% Senior Discount Notes due 2011 of the Company
on the terms set forth in Exhibit B hereto (the "NOTES") for aggregate cash
proceeds of $10,052,763.00 and (ii) Warrants to purchase shares of Class C
Common Stock, par value $0.001 per share ("CLASS C COMMON STOCK"), of the
Company in the form attached hereto as Exhibit C hereto (the "WARRANTS" and,
together with the Notes, the "SECURITIES");
WHEREAS, as set forth in Section 1.04, on or prior to June 11, 2001
certain Management Shareholders (as such term is defined in the Investors'
Agreement) may elect to purchase additional Notes for aggregate cash proceeds
not to exceed $1,200,000 (the "ADDITIONAL PROCEEDS AMOUNT") and Warrants.
NOW, THEREFORE, IT IS AGREED:
ARTICLE 1
PURCHASE AND SALE
SECTION 1.01. Purchase and Sale. (a) Upon the terms and subject to the
conditions of this Agreement, the Company agrees to issue and sell to each
Investor and each Investor agrees, severally and not jointly, to purchase from
the Company at the Closing (as defined herein), (x) a Note in the principal
amount at maturity set forth opposite such Investor's name on Exhibit A hereto
and (y) Warrants to purchase the number of shares of Class C Common Stock of the
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Company set forth opposite such Investor's name on Exhibit D hereto (the
Investor's "WARRANT AMOUNT"). The purchase price for the Securities (the
"PURCHASE PRICE") for each Investor is the amount in cash specified on Exhibit A
hereto. The Purchase Price shall be paid as provided in Section 1.02.
SECTION 1.02. Closing. The closing (the "CLOSING") of the purchase and
sale of the Securities hereunder shall take place simultaneously with the
execution of this Agreement at noon on April 12, 2001 (the "CLOSING DATE") at
the offices of Xxxxx Xxxx & Xxxxxxxx, New York, New York or at such other time
and/or place as DLJMB and the Company may agree. At the Closing:
(a) Each Investor shall deliver to the Company, in immediately
available funds, the amount of the Purchase Price set forth opposite such
Investor's name on Exhibit A hereto by wire transfer (or other means acceptable
to the Company) to an account of the Company with a bank designated by Company,
by notice to such Investor.
(b) The Company shall deliver, or cause to be delivered, to each
Investor (x) a Note in the principal amount at maturity set forth opposite such
Investor's name on Exhibit A hereto and (y) a Warrant to purchase such
Investor's Warrant Amount duly registered in the name of such Investor.
SECTION 1.03. Designation of Registrable Securities; Transfer
Restrictions. (a) The parties hereto acknowledge that the Notes and the Warrants
to be purchased by the Investors pursuant to this Agreement and the shares of
Series C Common Stock to be issuable upon exercise of the Warrant shall be
deemed to be Registrable Securities under the Investors' Agreement and agree to
take any and all actions necessary to carry out this intent, including without
limitation, to approve and effect an amendment to the Investors' Agreement or to
enter into a new registration rights agreement, in either case granting the
Investors registration rights in respect of the Notes which are substantially
similar to the registration rights such Investors have been granted in respect
of Registrable Securities pursuant to the Investor's Agreement.
(b) The parties hereto acknowledge and agree that the Warrants and
shares of Series C Common Stock to be issuable upon the exercise of the Warrants
shall be subject to the restrictions on transfer set forth in Article 3 of the
Investor's Agreement.
Section 1.04. Subsequent Sale of Notes and Warrants. On or prior to
June 11, 2001, the Company may sell additional Notes and Warrants for aggregate
proceeds of up to the Additional Proceeds Amount on terms and conditions
substantially identical to those set forth herein. Such sale shall only be to
Management Shareholders who must purchase both Notes and Warrants and shall be
evidenced by documentation satisfactory to the Investors. If pursuant to certain
preemptive rights granted pursuant to Article 5 of the Investors' Agreement,
Management Shareholders desire to purchase Notes and Warrants for
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aggregate proceeds in excess of the Additional Proceeds Amount, each Investor
agrees to sell its pro rata share (based on the principal amount at maturity of
Notes purchased by each Investor) of Notes and Warrants to such Management
Shareholders on terms and conditions satisfactory to such Investor and any
Management Shareholders wishing to make any such purchase, subject to compliance
with all applicable laws.
SECTION 1.05. No Adjustment to Outstanding Warrants. The Company and
each Investor holding any warrants to purchase shares of Class C Common Stock
issued prior to the date hereof ("OUTSTANDING SERIES C WARRANTS") acknowledges
and agrees that the issuance of the Warrants pursuant to this Agreement shall
not cause the Exercise Price (as such term is defined in the Outstanding Series
C Warrants) and the number of shares of Class C Common Stock for which the
Outstanding Series C Warrants may be exercised to be adjusted pursuant to
Section (h) of the Outstanding Series C Warrants.
SECTION 1.06. Use of Proceeds. The Company shall use the proceeds of the
Notes solely to repay the principal amount of loans outstanding under that
certain Credit Agreement dated as of April 15, 1999, as amended, between the
Company, the lenders identified on the signature pages thereto, WJCS, Inc.,
Airwave Technology, Inc. and Airwave Capital, Inc., Bank of America, N.A., as
administrative agent and Antares Capital Corporation as documentation agent.
ARTICLE 2
REPRESENTATIONS OF THE COMPANY
The Company represents and warrants to each Investor as of the date
hereof that:
SECTION 2.01. Corporate Existence and Power. The Company is a
corporation duly incorporated or organized, validly existing and in good
standing under the laws of the State of California and has all corporate powers
and all material governmental licenses, authorizations, permits, consents and
approvals required to carry on its business as now conducted and as proposed to
be conducted.
Section 2.02. Corporate Authorization; Noncontravention. The execution,
delivery and performance by the Company of this Agreement and the documents
attached as Exhibits B and C hereto and the consummation of the transactions
contemplated hereby and thereby (including the issuance and sale of the
Securities by the Company) are within its powers, and have been duly authorized
by all necessary action. Each of this Agreement, the Notes and the Warrants
constitute a valid and binding agreement of the Company, enforceable in
accordance with its terms. On or prior to the Closing Date, an amendment to the
Amended and Restated Articles of Incorporation of the Company (which, as
currently in effect are attached hereto as Exhibit E) (the "ARTICLES" and as
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amended pursuant to this subsection, the "AMENDED ARTICLES") in the form
attached hereto as Exhibit F (the "AMENDMENT") will have been duly filed with
the Secretary of State of California and will be valid and in effect.
(b) The execution, delivery and performance by the Company of this
Agreement and the consummation of the transactions contemplated hereby does not
and will not (i) violate the Amended Articles or the bylaws of the Company, (ii)
violate any material applicable law, rule, regulation, judgment, injunction,
order or decree, (iii) other than any waiver granted pursuant to the Company's
Credit Agreement dated as of April 15, 1999, require any material consent or
other action by any Person under, constitute a material default under, or give
rise to any material right of termination, cancellation or acceleration of any
right or obligation of the Company or to a loss of any material benefit to which
the Company is entitled under any provision of any agreement or other instrument
binding upon the Company or any of the Company's assets or properties or (iv)
result in the creation or imposition of any material lien on any property or
asset of the Company.
(c) Assuming the representations set forth in Section 3.05 are true
and correct, upon the filing of the Amendment pursuant to Section 2.02(a), the
103,777 shares of Series A Senior Preferred Stock of the Company (and the
redemption thereof) will qualify under an exemption from the State of California
constitutional usury provisions pursuant to the Section 25113(b)(1) of the
California Corporations Code.
SECTION 2.03. Capitalization. (a) As of the Closing Date, the authorized
capital stock of the Corporation consists of 60,000,000 shares of Class A Common
Stock, 10,000,000 shares of Class B Common Stock, 60,000,000 shares of Class C
Common Stock and 10,000,000 shares of Preferred Stock (of which 103,777 shares
have been designated as Series A1 Senior Preferred Stock.
(b) Immediately following the Closing Date, there will be outstanding
21,365,892 shares of Class A Common Stock, 2,551,053 shares of Class B Common
Stock, 26,966,721 shares of Class C Common Stock, 103,777 shares of Series A1
Senior Preferred Stock, employee stock options to purchase 1,885,587 shares of
Class A Common Stock, options to purchase 1,831,776 shares of Class A Common
Stock granted to the GTP stockholders pursuant to Stock Option Agreements dated
August 4, 2000, options to purchase 4,599,972 shares of Class A Common Stock
granted to certain management stockholders pursuant to the Company's 1999
Management Stock Incentive Plan, and Warrants to purchase 24,752,126 shares of
Class C Common Stock. In addition, the Company will be authorized to issue
employee stock options to purchase an additional 740,000 shares of Class A
Common Stock and options to purchase an additional 1,825,600 shares of Class A
Common Stock for certain management stockholders pursuant to the Company's 1999
Management Stock Incentive Plan.
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(c) Each of the Securities which are being issued to the Investors
hereunder have been duly and validly authorized and, when issued, sold and
delivered in accordance with the terms hereof for the consideration expressed
herein, will be fully paid and nonassessable and the issuance of such Securities
shall be free of any pre-emptive rights (including without limitation any rights
of any party to the Investors Agreement pursuant to Section 5.01 thereof). The
shares of Series C Common Stock issuable upon exercise of the Warrants have been
duly and validly reserved for issuance and, when issued upon exercise in
accordance with terms thereof, will be duly and validly issued, fully paid and
nonassessable. Such shares of Series C Common Stock will be free of restrictions
on transfer other than restrictions on transfer under this Agreement, the
Investors Agreement and under applicable state and federal securities laws.
(d) Except as set forth in this Section 2.03, there are, and
immediately after the Closing there will be, no outstanding (i) shares of
capital stock or voting securities of the Corporation, (ii) securities of the
Company convertible into or exchangeable or exercisable for shares of capital
stock or voting securities of the Company, (iii) options or other rights to
acquire from the Company, or other obligation of the Company to issue, any
capital stock, voting securities or securities convertible into or exchangeable
or exercisable for capital stock or voting securities of the Company and (iv) no
obligation of the Company to repurchase or otherwise acquire or retire any
shares of capital stock or other securities, rights or obligations referred to
in (i), (ii), or (iii).
ARTICLE 3
REPRESENTATION OF THE INVESTORS
Each Investor represents and warrants to the Company, severally as to
itself only and not jointly as to any other Investor, as of the date hereof
that:
Section 3.01. Corporate Existence And Power. Such Investor is duly
organized, validly existing and in good standing under the laws of its
jurisdiction of organization.
Section 3.02. Corporate Authorization. The execution, delivery and
performance by such Investor of this Agreement and the consummation of the
transactions contemplated hereby are within the powers (corporate, partnership
or otherwise) of such Investor and have been duly authorized by all necessary
action on the part of such Investor. This Agreement constitutes a valid and
binding agreement of such Investor.
Section 3.03. Purchase For Investment. Such Investor is purchasing the
relevant Securities for investment for its own account and not with a view to,
or for sale in connection with, any distribution thereof other than in
compliance with the Securities Act of 1933 as amended (the "1933 ACT") and other
applicable regulations.
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Section 3.04. Private Placement. (a) Such Investor understands that (i)
the offering and sale of the Securities hereby is intended to be exempt from
registration under the 1933 Act and (ii) there is only a limited market for the
Securities, and there can be no assurance that any Investor will be able to sell
or dispose of any Securities to be purchased by such Investor.
(b) Such Investor's financial situation is such that such Investor
can afford to bear the economic risk of holding the Securities acquired by such
Investor hereunder for an indefinite period of time, and such Investor can
afford to suffer the complete loss of the investment in such Securities.
(c) Such Investor's knowledge and experience in financial and
business matters are such that it is capable of evaluating the merits and risks
of the investment in the Securities, or such Investor has been advised by a
representative possessing such knowledge and experience.
(d) Such Investor understands that the Securities acquired hereunder
are a speculative investment which involves a high degree of risk of loss of the
entire investment therein, that there are substantial restrictions on the
transferability of the Securities as set forth in the Investors' Agreement, and
that for an indefinite period there will be no public market for the Securities.
(e) Such Investor and its representatives have been given the
opportunity to examine all documents and to ask questions of, and to receive
answers from, Seller and its representatives concerning the terms and conditions
of the acquisition of the Securities and related matters and to obtain all
additional information which such Investor or its representatives deem
necessary.
(f) Such Investor is an "ACCREDITED INVESTOR" defined in Regulation D
under the 1933 Act.
Section 3.05. Pre-existing Relationship; Business And Financial
Experience. Each Investor has either a pre-existing personal or business
relationship with the Company or, by reason of such Investor's own business and
financial experience or that of such Investor's professional advisers, such
Investor has the capacity to protect its own interests in the offering and
purchase of the Securities.
ARTICLE 4
SURVIVAL; INDEMNIFICATION
Section 4.01. Survival. The representations and warranties of the
parties hereto contained in this Agreement shall remain in full force and effect
following the Closing. A breach of any representation or warranty made in this
Agreement shall not affect in any manner whatsoever the relative rights and
obligations of the parties to and under the Investors' Agreement.
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Section 4.02. Indemnification. (a) The Company hereby indemnifies each
Investor and its Affiliates, limited partners, general partners, directors,
officers and employees against and agrees to hold each of them harmless from any
and all damage, loss, liability and expense (including, without limitation,
reasonable expenses of investigation and reasonable attorneys' fees and expenses
in connection with any action, suit or proceeding) ("DAMAGES") incurred or
suffered by any such party arising out of any misrepresentation or breach of
warranty, covenant or agreement made or to be performed by the Company pursuant
to this Agreement.
(b) Each Investor hereby indemnifies, severally and not jointly, the
Company and its Affiliates, directors, officers and employees against and agrees
to hold each of them harmless from any and all Damages incurred or suffered by
any such party arising out of any misrepresentation or breach of warranty,
covenant or agreement made or to be performed by such Investor pursuant to this
Agreement; provided that such Investor's maximum liability under this Section
4.02(b) shall not exceed the amount of the consideration paid by such Investor
to the Company pursuant to this Agreement.
ARTICLE 5
MISCELLANEOUS
Section 5.01. Notices. All notices, requests and other communications to
any party hereunder shall be in writing (including facsimile transmission to the
recipient's then current facsimile number) and shall be given,
if to the Company, to:
Condor Systems, Inc.
0000 Xxxxxxxxx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxx Xxxxxxx
Fax: (000) 000-0000
with a copy to:
Xxxxxx, Xxxxxxxxxx & Xxxxxxxxx LLP
000 Xxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Attention: Xxxxxxxx X. Xxxx
Fax: (000) 000-0000
if to DLJMB or any of its Affiliates listed on Exhibit A hereto, to:
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DLJ Merchant Banking Partners II, L.P.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx Xxxxxxx
Fax: (000) 000-0000
with a copy to:
Xxxxx Xxxx & Xxxxxxxx
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxxx
Fax: (000) 000-0000
if to Xxxxxxx, to:
Xxxxxxx Capital II L.P.
0 Xxxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Attention: Xxxxxxx Xxxxxx
Fax: (000) 000-0000
with a copy to:
Xxxxxx & Xxxxxxx
000 Xxxxxxxxxxxx Xxxxx
Xxxxx Xxxx, XX 00000
Attention: Xxxxx Xxxxxx
Fax: (000) 000-0000
Section 5.02. Amendments and Waivers. Any provision of this Agreement
may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed, in the case of an amendment, by each party to this Agreement, or
in the case of a waiver, by the party against whom the waiver is to be
effective.
Section 5.03. Expenses. All costs and expenses incurred in connection
with this Agreement shall be paid by the party incurring such cost or expense;
provided that the Company shall pay all reasonable out-of-pocket costs, expenses
and other payments, including without limitation legal fees and disbursements,
incurred by DLJMB and Xxxxxxx in connection with the transactions contemplated
by this Agreement.
Section 5.04. Successors and Assigns. The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns; provided that no party may assign, delegate
or
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otherwise transfer any of its rights or obligations under this Agreement without
the consent of each other party hereto; provided further, that each Investor may
assign or delegate its rights and obligations under this Agreement to one or
more transferees of the Notes or Warrants.
Section 5.05. Counterparts; Third Party Beneficiaries. This Agreement
may be executed in any number of counterparts, each of which shall be an
original and all of which together shall be deemed to be one and the same
instrument. This Agreement shall become effective when each party hereto shall
have received a counterpart hereof signed by the other party hereto. No
provision of this Agreement is intended to confer upon any person other than the
parties hereto any rights or remedies hereunder.
Section 5.06. Jurisdiction. Any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection
with, this Agreement or the transactions contemplated hereby may only be brought
in the United States District Court for the Southern District of New York or any
New York State court sitting in New York City, and each of the parties hereby
consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives,
to the fullest extent permitted by law, any objection which it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or that any such suit, action or proceeding which is brought
in any such court has been brought in an inconvenient forum. Process in any such
suit, action or proceeding may be served on any party anywhere in the world,
whether within or without the jurisdiction of any such court. Without limiting
the foregoing, each party agrees that service of process on such party as
provided in Section 5.01 shall be deemed effective service of process on such
party.
Section 5.07. Specific Enforcement. Each party hereto acknowledges that
the remedies at law of the other parties for a breach or threatened breach of
this Agreement would be inadequate and, in recognition of this fact, any party
to this Agreement, without posting any bond, and in addition to all other
remedies which may be available, shall be entitled to obtain equitable relief in
the form of specific performance, a temporary restraining order, a temporary or
permanent injunction or any other equitable remedy which may then be available.
Section 5.08. Entire Agreement. This Agreement constitutes the entire
agreement among the parties hereto and supersedes all prior agreements and
understandings, oral and written, among the parties with respect to the subject
matter hereof.
Section 5.09. Captions. The captions herein are included for convenience
of reference only and shall be ignored in the construction or interpretation
hereof.
Section 5.10. Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH LAWS
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OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OF LAW RULES OF SUCH
STATE.
Section 5.11. Waiver of Pre-emptive Rights. Each Investor hereby waives
any pre-emptive rights to which such Investor may be entitled pursuant to
Section 5.01 of the Investors Agreement in connection with the purchase of
Securities hereunder and the transactions contemplated hereby.
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IN WITNESS WHEREOF, the Investor has executed this Securities
Subscription Agreement and the Company has caused its corporate name to be
hereunto subscribed by its officers thereunto duly authorized, all as of the day
and year first above written.
CONDOR SYSTEMS, INC.
By: ___________________________
Name:
Title:
DLJ MERCHANT BANKING PARTNERS
II, L.P., a Delaware Limited Partnership
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
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DLJ MERCHANT BANKING
PARTNERS II-A L.P., a Delaware Limited
Partnership
By: DLJ Merchant Banking II, Inc.,
as managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
DLJ OFFSHORE PARTNERS II, C.V., a
Netherlands Antilles Limited Partnership
By: DLJ Merchant Banking II, Inc.,
as advisory general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
[Securities Subscription Agreement]
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DLJ DIVERSIFIED PARTNERS, L.P., a
Delaware Limited Partnership
By: DLJ Diversified Partners, Inc.,
as managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
DLJ DIVERSIFIED PARTNERS-A, L.P., a
Delaware Limited Partnership
By: DLJ Diversified Partners, Inc.,
as managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
[Securities Subscription Agreement]
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DLJ MILLENIUM PARTNERS, L.P., a
Delaware Limited Partnership
By: DLJ Merchant Banking II, Inc., as
managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
DLJ MILLENIUM PARTNERS-A, L.P.
By: DLJ Merchant Banking II, Inc. as
managing general partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
DLJMB FUNDING II, INC., a Delaware
corporation
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
[Securities Subscription Agreement]
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DLJ FIRST ESC, L.P.
By: DLJ LBO Plans Management
Corporation, as manager
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
DLJ EAB PARTNERS, L.P.
By: DLJ LBO Plans Management
Corporation, as managing general
partner
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
[Securities Subscription Agreement]
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DLJ ESC II, L.P.
By: DLJ LBO Plans Management
Corporation, as manager
By: ___________________________
Name:
Title:
Address: c/o DLJ Merchant Banking II, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: 000-000-0000
XXXXXXX CAPITAL II L.P.
By: ___________________________
Name:
Title:
Address: 0 Xxxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Fax: 000-000-0000
STRATEGIC ENTREPRENEUR FUND II, L.P.
By: ___________________________
Name:
Title:
Address: 0 Xxxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
[Securities Subscription Agreement]
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EXHIBIT A
AGGREGATE
PRINCIPAL AMOUNT AGGREGATE
INVESTOR AT MATURITY OF NOTE PURCHASE PRICE
-------- ------------------- --------------
DLJMB
DLJ Merchant Banking Partners II, L.P. $ 7,223,000 $4,067,849.14
DLJ Merchant Banking Partners II-A, L.P. $ 288,000 $ 162,195.84
DLJ Offshore Partners II, C.V. $ 355,000 $ 199,928.90
DLJ Diversified Partners, L.P. $ 422,000 $ 237,661.96
DLJ Diversified Partners-A, L.P. $ 157,000 $ 88,419.26
DLJMB Funding II, Inc. $ 1,474,000 $ 830,127.32
DLJ Millennium Partners, L.P. $ 117,000 $ 65,892.06
DLJ Millennium Partners-A, L.P. $ 23,000 $ 12,953.14
DLJ EAB Partners, L.P. $ 32,000 $ 18,021.76
DLJ ESC II, L.P. $ 1,362,000 $ 767,051.16
DLJ First ESC, L.P. $ 14,000 $ 7,884.52
TOTAL FOR DLJMB: $11,467,000 $6,457,985.06
XXXXXXX
Xxxxxxx Capital II L.P. $ 6,298,000 $3,546,907.64
Strategic Entrepreneur Fund II, L.P. $ 85,000 $ 47,870.30
TOTAL FOR XXXXXXX: $ 6,383,000 $3,594,777.94
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EXHIBIT B
[Form of Note: see attached]
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EXHIBIT C
[Form of Warrant to come]
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EXHIBIT D
NUMBER OF SHARES OF
CLASS C COMMON STOCK
TO BE PURCHASED ON
EXERCISE OF WARRANT
INVESTOR ("WARRANT AMOUNT")
-------- ------------------
DLJMB
DLJ Merchant Banking Partners II, L.P. 8,768,722
DLJ Merchant Banking Partners II-A, L.P. 349,632
DLJ Offshore Partners II, C.V. 430,970
DLJ Diversified Partners, L.P. 512,308
DLJ Diversified Partners-A, L.P. 190,598
DLJMB Funding II, Inc. 1,789,436
DLJ Millennium Partners, L.P. 142,038
DLJ Millennium Partners-A, L.P. 27,922
DLJ EAB Partners, L.P. 38,848
DLJ ESC II, L.P. 1,653,468
DLJ First ESC, L.P. 16,996
TOTAL FOR DLJMB: 13,920,938
XXXXXXX
Xxxxxxx Capital II L.P. 7,645,772
Strategic Entrepreneur Fund II, L.P. 103,190
TOTAL FOR XXXXXXX: 7,748,962
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EXHIBIT E
[Amended and Restated Articles]
