AMENDMENT NO. 1 TO THE STANDSTILL AGREEMENT
EXHIBIT
4.9
AMENDMENT
NO. 1 TO THE STANDSTILL AGREEMENT
This
Amendment No. 1 ("Amendment No. 1") to the Standstill Agreement dated
as
of
August, 2003 (the "Agreement") is dated as April 25, 2008 and is by and among
AboveNet,
Inc. (formerly known as Metromedia Fiber Network, Inc.) (the "Company"),
Xxxx
X.
Xxxxx ("Xxxxx"), that certain Fourteenth Restatement of Trust Agreement,
dated
May
30,
1984, between Xxxx X. Xxxxx, as Grantor, and Xxxx X. Xxxxx and Manufacturers
Hanover Trust Company (now JPMorgan Chase Bank. N.A. of New York),
as
original trustees (the current trustees being Xxxx X. Xxxxx and Xxxxxx
Xxxxxxxxx, dated April 4, 2008 (the "Xxxxx Trust"), Xxxxxx Xxxxxxxxx (Xxxxx,
the
Xxxxx Trust and Xxxxxx Xxxxxxxxx are hereinafter collectively referred to
as the
"Xxxxx Parties" and each is a "Xxxxx Party") and JWK Enterprises LLC, a Delaware
limited liability company ("JWK Enterprises"). The Company, the Xxxxx Parties
and JWK Enterprises are hereinafter collectively referred to as the
Parties.
WHEREAS,
the Company and the Xxxxx Parties entered into the Agreement in August 2003
setting forth certain rights and obligations of the Xxxxx Parties with respect
to
the
Xxxxx Trust's ownership of Common Stock in the Company;
WHEREAS,
the Agreement provides, among other things, that the Xxxxx Trust shall
not
transfer any shares of Common Stock to a Related Transferee unless the Related
Transferee
becomes a party to the Agreement;
WHEREAS,
the Xxxxx Trust has transferred all of the shares of Common Stock that it
owned
to Xxxxx and Xxxxx has transferred all of such shares of Common Stock to
JWK
Enterprises;
NOW
THEREFORE, the parties agree as follows:
1. The
Xxxxx
Parties and JWK Enterprises represent that JWK Enterprises is an
Affiliate of a Xxxxx Party and that the Transfer of shares of Common Stock
contemplated
hereby is a transfer to a Related Transferee.
2. Each
of
the Parties agrees that upon the Transfer of the shares of Common Stock
contemplated hereby to JWK Enterprises JWK Enterprises shall be entitled
to the
rights
under and subject to the obligations of the Agreement as amended by this
Amendment
No. 1.
3. This
Amendment No. 1 may be executed in separate counterparts, each such counterpart
being deemed to be an original instrument, and all such counterparts
will
together constitute the same agreement.
4. Capitalized
terms used herein and not otherwise defined shall have the meaning
set forth in the Agreement.
IN
WITNESS WHEREOF, this Amendment No. 1 to the Agreement has been
executed
as of the date first written above.
ABOVENET, INC. | ||
By: | /s/ Xxxxxx Xxxxxx | |
Name: Xxxxxx Xxxxxx |
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Title: SVP and General Counsel | ||
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/s/ Xxxx X. Xxxxx | ||
Xxxx X. Xxxxx |
FOURTEENTH
RESTATEMENT OF TRUST AGREEMENT,
DATED MAY 30,1984, BETWEEN
XXXX X. XXXXX, AS GRANTOR, AND
XXXX X. XXXXX AND MANUFACTURERS
HANOVER TRUST COMPANY
(NOW JPMORGAN CHASE BANK, N.A.
OF NEW YORK), AS ORIGINAL TRUSTEES
(THE CURRENT TRUSTEES BEING XXXX
X. XXXXX AND XXXXXX XXXXXXXXX), DATED
APRIL 4, 2008
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By: | /s/ Xxxxxx Xxxxxxxxx | |
Name:
Xxxxxx Xxxxxxxxx
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Title:
Trustee
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/s/ Xxxxxx Xxxxxxxxx | ||
Xxxxxx Xxxxxxxxx |
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JWK
ENTERPRISES, LLC
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By: | /s/ Xxxx X. Xxxxx | |
Name:
Xxxx X. Xxxxx
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Title:
Manager
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