EXHIBIT 10.2
PREFERRED STOCK STOCKHOLDERS' AGREEMENT
Dated as of
September 29, 1999
Among
WEIGHT WATCHERS INTERNATIONAL, INC.,
ARTAL LUXEMBOURG S.A.
and
X.X. XXXXX COMPANY
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS;
REPRESENTATIONS AND WARRANTIES......................................1
1.1 Definitions..............................................1
1.2 Representations and Warranties of the Company............3
1.3 Representations and Warranties of Heinz..................4
1.4 Representations and Warranties of Artal..................4
ARTICLE II
COVENANTS...........................................................5
2.1 Limitations on Transfer........................................5
2.2 Right of First Refusal.........................................6
ARTICLE III
LEGENDS.............................................................7
3.1 Legend.........................................................7
ARTICLE IV
MANDATORY REPURCHASE................................................8
4.1 ...............................................................8
ARTICLE V
MISCELLANEOUS.......................................................8
5.1 Termination....................................................8
5.2 Remedies.......................................................8
5.3 Consent to Amendments..........................................9
5.4 Successors and Assigns.........................................9
5.5 Severability...................................................9
5.6 Counterparts...................................................9
5.7 Notices........................................................9
5.8 Governing Law.................................................10
5.9 Further Assurances............................................10
5.10 Jurisdiction; Venue; Process.................................10
5.11 MUTUAL WAIVER OF JURY TRIAL..................................10
i--
PREFERRED STOCK STOCKHOLDERS' AGREEMENT
PREFERRED STOCK STOCKHOLDERS' AGREEMENT (this "Agreement"), dated as
of September 29, 1999, among WEIGHT WATCHERS INTERNATIONAL, INC., a Virginia
corporation (the "Company"), ARTAL LUXEMBOURG S.A., a Luxembourg corporation
("Artal"), and X.X. XXXXX COMPANY, a Pennsylvania corporation ("Heinz").
W I T N E S S E T H :
WHEREAS, pursuant to the Recapitalization and Stock Purchase
Agreement, dated as of July 22, 1999, among Heinz, the Company, Artal and Artal
International S.A., the Company has agreed to issue to Heinz 1,000,000 shares of
Series A Preferred Stock, liquidation preference $25.00 per share ("Series A
Preferred Stock"), in consideration for $25.0 million.
NOW, THEREFORE, in order to implement the foregoing and in
consideration of the mutual representations, warranties, covenants and
agreements contained herein, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS;
REPRESENTATIONS AND WARRANTIES
1.1 Definitions. Capitalized terms used herein shall have the
meanings set forth below:
"Affiliate" means any Person which, directly or indirectly through
one or more intermediaries, controls, is controlled by, or is under common
control with, another Person. The term "control" includes, without limitation,
the possession, directly or indirectly, of the power to direct the management
and policies of a Person, whether through the ownership of voting securities, by
contract or otherwise.
"Articles of Incorporation" means the Articles of Incorporation of
the Company as in effect on the date hereof, as the same may be amended,
supplemented or otherwise modified from time to time in accordance with the
terms thereof.
"By-Laws" means the By-Laws of the Company as in effect on the date
hereof, as the same may be amended, supplemented or otherwise modified from time
to time in accordance with the terms thereof.
"Change in Control" shall mean (a) any "person" or "group" of
related persons (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act), other than one or more Permitted
2
Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5
under the Exchange Act), directly or indirectly, of more than 35% of the total
voting power of theVoting Stock of the Company (unless the Permitted Holders
shall hold a higher percentage thereof or have the ability to elect or designate
for election a majority of the Board of Directors of the Company); or
(b) the adoption by the stockholders of the Company of a plan or
proposal for the liquidation or dissolution of the Company; or
(c) the merger or consolidation of the Company with another Person
that is not an Affiliate of the Company prior thereto or the sale or other
disposition of all or substantially all the assets or property of the Company in
one transaction or series of related transactions to a Person who is not an
Affiliate of the Company prior thereto.
"Closing Date" means September 29, 1999.
"Election Period" shall have the meaning set forth in Section
2.2(a).
"Estimate" means the holder's good faith reasonable estimate of the
cash value of any non-cash consideration included in the Offer.
"Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.
"Investor Joinder" means a joinder agreement, substantially in the
form of Exhibit 2.1(a) hereto, by which a Person becomes an Investor Stockholder
after the date hereof.
"Investor Stockholders" means, collectively, Heinz and any Person
who hereafter becomes an Investor Stockholder pursuant to an Investor Joinder
under this Agreement.
"Offer" shall have the meaning set forth in Section 2.2(a).
"Offered Securities" shall have the meaning set forth in Section
2.2(a).
"Offer Notice" shall have the meaning set forth in Section 2.2(a).
"Offeror" means a Third Party who makes an offer pursuant to Section
2.2.
"Permitted Holder" shall mean Artal Luxembourg S.A. and any of its
Affiliates, but in the case of any Affiliate, only for so long as it continues
to be an Affiliate of Artal Luxembourg S.A.
"Permitted Holder Public Sale" shall mean a sale for cash by a
Permitted Holder of all or part of the Common Stock of the Company held by it in
a registered, secondary public offering.
3
"Permitted Transferee" shall mean a Subsidiary of a holder of Series
A Preferred Stock.
"Person" means an individual, a partnership, a joint venture, a
corporation, an association, a joint stock company, a limited liability company,
a trust, an unincorporated organization or a governmental entity or any
department, agency or political subdivision thereof.
"SEC" means the Securities and Exchange Commission.
"Securities Act" means the Securities Act of 1933, as amended.
"Subsidiary" means any corporation of which the securities having a
majority of the ordinary voting power in electing the board of directors are, at
the time as of which any determination is being made, owned by a Person either
directly or through one or more of its Subsidiaries.
"Third Party" means any Person other than (a) Artal and the Company
and their respective Affiliates and (b) any Permitted Transferee.
"Transfer" shall be construed broadly and shall include any transfer
by way of issuance, sale, assignment, hypothecation, disposition, participation,
pledge, gift, bequeath, intestate transfer, distribution, liquidation, merger or
consolidation.
"Trigger Event" shall mean the occurrence of a Change in Control or
a Permitted Holder Public Sale.
"Voting Stock" of a corporation means all classes of capital stock
of such corporation then outstanding and normally entitled to vote in the
election of directors.
1.2 Representations and Warranties of the Company. The Company
represents and warrants to each of Heinz and Artal as follows:
(a) The Company is a corporation duly organized, validly existing
and in good standing under the laws of the Commonwealth of Virginia and has the
corporate power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. The execution and delivery by the Company of
this Agreement and the performance by it of its obligations hereunder have been
duly authorized by all necessary corporate action of the Company. This Agreement
has been duly executed and delivered by the Company and, assuming the due
authorization, execution and delivery thereof by Artal and Heinz, constitutes
the valid and legally binding obligation of the Company, enforceable against the
Company in accordance with its terms; and
(b) The execution, delivery and performance by the Company of this
Agreement will not, with or without the giving of notice or lapse of time, or
both, (i) conflict with the Articles of
4
Incorporation or By-Laws of the Company (or the corresponding documents of any
of its Subsidiaries), (ii) result in any breach of any terms or provisions of,
or constitute a default under, or conflict with any material contract, agreement
or instrument to which the Company or any of its Subsidiaries is a party or by
which the Company or any of its Subsidiaries is bound, except for such breaches,
defaults or conflicts which, individually or in the aggregate, would not be
likely to have a material adverse effect on the financial condition, results of
operations or business of the Company and its Subsidiaries, taken as a whole, or
(iii) violate any material provision of law, statute, rule or regulation to
which it is subject or any material order, judgment or decree applicable to it.
1.3 Representations and Warranties of Heinz. Heinz hereby represents
and warrants to each of the Company and Artal as follows:
(a) Heinz is a corporation duly organized, validly existing and in
good standing under the laws of the Commonwealth of Pennsylvania and has the
corporate power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. The execution and delivery by Heinz of this
Agreement and the performance by it of its obligations hereunder have been duly
authorized by all necessary corporate action of Heinz. This Agreement has been
duly executed and delivered by Heinz and, assuming the due authorization,
execution and delivery thereof by Artal and the Company, constitutes the valid
and legally binding obligation of Heinz, enforceable against Heinz in accordance
with its terms; and
(b) The execution, delivery and performance of this Agreement by
Heinz will not, with or without the giving of notice or lapse of time, or both,
(i) conflict with the articles of incorporation or by-laws of Heinz or (ii)
result in any breach of any terms or provisions of, or constitute a default
under, or conflict with any material contract, agreement or instrument to which
Heinz is a party or by which Heinz is bound, except for such breaches, defaults
or conflicts which, individually or in the aggregate, would not be likely to
have a material adverse effect on the financial position, results of operations
or business of Heinz, or (iii) violate any material provision of law, statute,
rule or regulation to which it is subject or any material order, judgment or
decree applicable to it.
1.4 Representations and Warranties of Artal. Artal hereby represents
and warrants to each of the Company and Heinz as follows:
(a) Artal is a corporation duly organized, validly existing and in
good standing under the laws of Luxembourg and has the corporate power and
authority to execute and deliver this Agreement and to perform its obligations
hereunder. The execution and delivery by Artal of this Agreement and the
performance by it of its obligations hereunder have been duly authorized by all
necessary corporate action of Artal. This Agreement has been duly executed and
delivered by Artal and, assuming the due authorization, execution and delivery
thereof by the Company and Heinz, constitutes the valid and legally binding
obligation of Artal, enforceable against Artal in accordance with its terms; and
5
(b) The execution, delivery and performance of this Agreement by
Artal will not, with or without the giving of notice or lapse of time, or both,
(i) conflict with the certificate of incorporation or by-laws of Artal or (ii)
result in any breach of any terms or provisions of, or constitute a default
under, or conflict with any material contract, agreement or instrument to which
Artal is a party or by which Artal is bound, except for such breaches, defaults
or conflicts which, individually or in the aggregate, would not be likely to
have a material adverse effect on the financial position, results of operations
or business of Artal or (iii) violate any material provision of law, statute,
rule or regulation to which it is subject or any material order, judgment or
decree applicable to Artal.
ARTICLE II
COVENANTS
2.1 Limitations on Transfer.
(a) Except as permitted pursuant to Section 2.1(b), Heinz shall not
Transfer any shares of Series A Preferred Stock until the fifth anniversary of
the Closing Date. Prior to making any permitted Transfer of shares of Series A
Preferred Stock to any Person at any time prior to the fifth anniversary of the
Closing Date, Heinz shall obtain an Investor Joinder from such transferee, and
such transferee shall, by execution thereof, agree to become and automatically
be deemed to be an Investor Stockholder subject to all of the rights and
obligations contained in this Agreement applicable to Heinz and to have made on
the date thereof all representations and warranties made on the date hereof by
Heinz (modified, if necessary, to reflect the nature of such Person as a
corporation, partnership, other entity or natural person). Promptly thereafter,
Heinz shall cause originally executed copies of such Investor Joinder to be
delivered to the Company, Artal and the other Investor Stockholders and shall
notify such Persons of the number of shares of Series A Preferred Stock
Transferred.
(b) The restriction on Transfer contained in the first sentence of
Section 2.1(a) above shall be inapplicable with respect to:
(i) any Transfers of Series A Preferred Stock to a Permitted
Transferee; provided if any Permitted Transferee ceases to be a Subsidiary
of the holder prior to the fifth anniversary of the Closing Date, such
Permitted Transferee shall Transfer its shares of Series A Preferred Stock
back to such holder or to another Subsidiary of such holder, and
(ii) any Transfer after the second anniversary of the Closing
Date in accordance with the provisions of Section 2.2.,
provided, that no such Transfer shall be permitted under this Section 2.1(b) if
it would constitute a default or event of default under any agreement governing
material debt of the Company or any of its Subsidiaries; provided, further, that
in order to facilitate compliance with federal securities laws and the
provisions of this Agreement, the aggregate number of transferees under Section
2.1(b) shall not
6
exceed 35 Persons at any time without the consent of each of the Company and
Artal, which consent shall not be unreasonably withheld or delayed.
(c) Any Transfer made in violation of this Section 2.1 (including,
without limitation, a Transfer made without obtaining a necessary Investor
Joinder) shall be null and void. The Company shall not permit such Transfer to
be recorded on the Company's books and records and shall not otherwise cooperate
in consummating such Transfer.
(d) No Person shall be permitted to become a party to this Agreement
except by executing an Investor Joinder pursuant to the terms set forth in this
Section 2.1.
2.2 Right of First Refusal. (a) If, at any time after the second
anniversary of the Closing Date but prior to the fifth anniversary of the
Closing Date, a holder of Series A Preferred Stock receives a bona fide offer to
purchase any or all of its Series A Preferred Stock (the "Offer") from an
Offeror which such holder of Series A Preferred Stock wishes to accept, such
holder of Series A Preferred Stock shall cause the Offer to be reduced to
writing and shall notify Artal and the Company in writing (the "Offer Notice")
of its wish to accept the Offer. The Offer Notice will disclose in reasonable
detail the proposed number of shares of Series A Preferred Stock to be
Transferred (the "Offered Securities") and the proposed terms and conditions of
the Transfer (including, in the event that the consideration to be received by
such holder of Series A Preferred Stock in the Offer includes non-cash
consideration, such holder's Estimate of the cash value of such non-cash
consideration), and shall be accompanied by a true copy of the Offer (which
shall identify the Offeror). The holder of Series A Preferred Stock shall not be
permitted to accept any such Offer unless (i) the Company consents to such
transaction (which consent may not be unreasonably withheld or delayed) and (ii)
the right of first refusal procedures set forth in this Section 2.2 are complied
with. If the Company provides such consent, then in addition (and not in
limitation of, or substitution for, such consent) the Company or Artal or any of
their designees may elect to purchase all (but not, in the aggregate, less than
all) of such Offered Securities at the price and on the terms specified in the
Offer Notice by delivering written notice of such election to such holder of
Series A Preferred Stock as soon as practicable, but in any event within 15
business days after delivery of the Offer Notice (the "Election Period"). In the
event that the terms of any Offer provide for the delivery of non-cash
consideration for the Offered Securities, the Company, Artal or their respective
designee, as the case may be, may deliver cash for such Offered Securities in an
amount equal to the value of such non-cash consideration either in accordance
with the Estimate (or such other amount as agreed by such holder of Series A
Preferred Stock and the Company or Artal, as the case may be,) or as determined
by an investment banking firm of national reputation selected by mutual
agreement of such holder of Series A Preferred Stock and the Company or Artal,
as the case may be, provided, that such investment banking firm shall not have a
material direct or indirect financial interest in or other relationship with any
of the parties hereto or their respective Affiliates.
(b) If the Company or Artal or any of their designees has elected to
purchase all the Offered Securities from such holder of Series A Preferred
Stock, the Transfer of such Offered
7
Securities shall be consummated as soon as practicable after the delivery of the
election notices, but in any event within 15 days after the expiration of the
Election Period (unless a longer period of time is necessary to comply with the
requirements of the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as
amended, in which case such longer period). If the Company or Artal has not
elected to purchase (or has failed within such 15-day period or longer period,
if applicable, to purchase after electing to do so) all of the Offered
Securities being offered, such holder of Series A Preferred Stock may, within 45
days after the date of the Offer Notice, Transfer all the Offered Securities to
the Offeror at a price no less than the price specified in the Offer Notice and
on other terms no less favorable to such holder of Series A Preferred Stock than
those contained in the Offer. If, at the end of such 45 day period, such holder
of Series A Preferred Stock has not completed the Transfer of such shares of
Series A Preferred Stock as aforesaid, all the restrictions on Transfer
contained in this Agreement shall again be in effect with respect to such shares
of Series A Preferred Stock.
ARTICLE III
LEGENDS
3.1 Legend. (a) Each certificate or instrument evidencing shares of
Series A Preferred Stock that is held by Heinz or a transferee thereof which is
required to execute an Investor Joinder pursuant to Section 2.1(a) of this
Agreement on or after the date hereof shall bear the following legend on the
face thereof:
THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A PREFERRED
STOCK STOCKHOLDERS' AGREEMENT (A COPY OF WHICH IS ON FILE WITH THE
SECRETARY OF THE COMPANY). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE,
HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH
STOCKHOLDERS' AGREEMENT AND (A) PURSUANT TO A REGISTRATION STATEMENT
EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) PURSUANT TO
AN EXEMPTION FROM REGISTRATION THEREUNDER. THE HOLDER OF THIS CERTIFICATE,
BY ACCEPTANCE OF THIS CERTIFICATE, AGREES TO BE BOUND BY ALL OF THE
PROVISIONS OF SUCH STOCKHOLDERS' AGREEMENT.
(b) Until such time as the certificates or instruments evidencing
shares of Series A Preferred Stock that are held by Heinz, or a transferee
thereof which is required to execute an Investor Joinder pursuant to Section
2.1(a) hereof, are no longer required to bear the legend contained in Section
3.1(a), Heinz and each such transferee agrees that it will not Transfer any
shares of Series A Preferred Stock except (i) pursuant to a registration
statement under the Securities Act or (ii) pursuant to an exemption from
registration thereunder.
8
ARTICLE IV
MANDATORY REPURCHASE
4.1 If after receiving notice of a Trigger Event a holder of Series
A Preferred Stock elects in accordance with the provisions set forth in Section
6(b) of Part D of the Articles of Incorporation to require the Company to redeem
any or all of its shares of Series A Preferred Stock pursuant to Section 5(b) of
Part D of the Articles of Incorporation, then the Company shall be obligated to
redeem such shares in accordance with the provisions set forth in Section 5(b)
of Part D of the Articles of Incorporation. In the event that the Company's
obligation to redeem such shares has been suspended in accordance with Section
5(b) of Part D of the Articles of Incorporation, the Company shall give notice
of the suspension of its redemption obligation (the "Suspension Notice") to
Artal and each holder of Series A Preferred Stock who has elected to have its
shares of Series A Preferred Stock redeemed in accordance with the provisions of
Section 6(b) of Part D of the Articles of Incorporation. The Company shall
deliver such notice within 10 days of receiving such holder's redemption notice.
If the Company's redemption obligation is suspended and the Company has not
elected to acquire or redeem such shares notwithstanding such suspension, then
the holder of such shares may require Artal to acquire such shares by delivering
a notice to such effect to Artal (the "Artal Purchase Notice") within 15 days of
receiving the Suspension Notice. Unless the Company previously acquires or
redeems such shares of Series A Preferred Stock, Artal or its designee shall
purchase within 45 days of receipt of the Artal Purchase Notice such shares of
Series A Preferred Stock which the holder elected to have redeemed pursuant to
Section 5(b) of Part D of the Articles of Incorporation at the same price as
would have been paid to the holder by the Company upon such redemption.
ARTICLE V
MISCELLANEOUS
5.1 Termination. As to any particular Investor Stockholder, this
Agreement shall no longer be binding or of further force or effect as to such
Investor Stockholder, except as noted below, as of the date such Investor
Stockholder has Transferred all such Investor Stockholder's interest in the
Series A Preferred Stock; provided, however, that no such termination shall be
effective if such Investor Stockholder is in breach of this Agreement.
5.2 Remedies.
(a) Each Investor Stockholder shall have all rights and remedies
reserved for such Investor Stockholder pursuant to this Agreement, the Company's
Articles of Incorporation and By-Laws and all rights and remedies which such
holders have been granted at any time under any other agreement or contract and
all of the rights which such holders have under any law or equity. Any Person
having any rights under any provision of this Agreement will be entitled to
enforce such rights
9
specifically, to recover damages by reason of any breach of any provision of
this Agreement and to exercise all other rights granted by law or equity.
(b) It is acknowledged that it will be impossible to measure in
money the damages that would be suffered if the parties fail to comply with any
of the obligations herein imposed on them and that in the event of any such
failure, an aggrieved Person will be irreparably damaged and will not have an
adequate remedy at law. Any such Person shall, therefore, be entitled to
injunctive relief, including specific performance, to enforce such obligations,
and if any action should be brought in equity to enforce any of the provisions
of this Agreement, none of the parties hereto shall raise the defense that there
is an adequate remedy at law.
5.3 Consent to Amendments. Except as expressly set forth herein, the
provisions of this Agreement may only be amended or waived with the prior
written consent of each of the parties hereto.
5.4 Successors and Assigns. Except as otherwise expressly provided
herein, all provisions contained in this Agreement by or on behalf of any of the
parties hereto will bind and inure to the benefit of the respective successors
and permitted transferees of the parties hereto whether so expressed or not.
This Agreement is not intended to create any third party beneficiaries.
5.5 Severability. Whenever possible, each provision of this
Agreement will be interpreted in such a manner as to be effective and valid
under applicable law. The parties agree that (i) the provisions of this
Agreement shall be severable in the event that any of the provisions hereof are
held by a court of competent jurisdiction to be invalid, void or otherwise
unenforceable, (ii) such invalid, void or otherwise unenforceable provisions
shall be automatically replaced by other provisions which are as similar as
possible in terms to such invalid, void or otherwise unenforceable provisions
but are valid and enforceable and (iii) the remaining provisions shall remain
enforceable to the extent permitted by law. To the extent there exists any
inconsistency between the provisions of this Agreement and the By-Laws of the
Company, the provisions of this Agreement shall govern in all instances.
5.6 Counterparts. This Agreement may be executed in two or more
counterparts, any one of which need not contain the signatures of more than one
party, but all such counterparts taken together will constitute one and the same
Agreement.
5.7 Notices. All notices, demands and other communications to be
given or delivered under or by reason of the provisions of this Agreement shall
be in writing or sent by facsimile and shall be deemed to have been given (i)
when personally delivered or sent by facsimile (with proof of receipt at the
number to which notices are required to be sent), (ii) one business day after
being sent by overnight courier (receipt confirmation requested) or (iii) five
business days after being mailed by certified or registered mail (return receipt
requested and postage prepaid) to the recipient. Such notices, demands and other
communications will be sent to the Company, Artal and each Investor Stockholder
at the address or addresses indicated on the signature pages hereto or on the
Investor
10
Joinder (as the case may be), or to such other address or to the attention of
such other person as the recipient party has specified by prior written notice
under this Section 5.7 to the sending party.
5.8 Governing Law. This Agreement shall be governed by, and
construed and interpreted in accordance with, the law of the State of New York.
5.9 Further Assurances. Each party hereto shall do and perform or
cause to be done and performed all such further acts and things and shall
execute and deliver all such other agreements, certificates, instruments, and
documents as any other party hereto reasonably may request in order to carry out
the provisions of this Agreement and the consummation of the transactions
contemplated hereby.
5.10 Jurisdiction; Venue; Process. (a) The parties to this Agreement
agree that jurisdiction and venue in any action brought by any party hereto
pursuant to this Agreement shall properly lie and shall be brought in any
federal or state court located in the State of New York. By execution and
delivery of this Agreement, each party hereto irrevocably submits to the
jurisdiction of such courts for itself or himself and in respect of its or his
property with respect to such action. The parties hereto irrevocably agree that
venue would be proper in such court, and hereby irrevocably waive any objection
that such court is an improper or inconvenient forum for the resolution of such
action.
(b) Artal hereby irrevocably and unconditionally designates and
directs Xx. Xxxxx Xxx Xxxxx, with offices on the date hereof at Northwestern
University School of Law, 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, as
its agent to receive service of any and all process and documents on its behalf
in any legal action or proceeding related to this Agreement and agrees that
service upon such agent shall constitute valid and effective service upon Artal
and that failure of such agent to give any notice of such service to Artal shall
not affect or impair in any way the validity of such service or of any judgment
rendered in any action or proceeding based thereon.
5.11 MUTUAL WAIVER OF JURY TRIAL. THE PARTIES HERETO WAIVE ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND
ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT OR ANY DOCUMENTS RELATED HERETO.
11
IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.
WEIGHT WATCHERS INTERNATIONAL, INC.
By:__________________________________
Name:
Title:
Address for Notices: With copies to:
Weight Watchers International, Inc. Xxxxxxx Xxxxxxx & Xxxxxxxx
000 Xxxxxxxxx Xxxx Xxxx 000 Xxxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000 Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: 000-000-0000 Facsimile No.: 000-000-0000
Attn: Chief Executive Officer Attn: Xxxxxx X. Xxxxx, Esq.
X.X. XXXXX COMPANY
By:__________________________________
Name:
Title:
Address for Notices: With copies to:
X.X. Xxxxx Company X.X. Xxxxx Company
000 Xxxxx Xxxxxx 000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Xxxxxxxxxx, Xxxxxxxxxxxx 00000
Facsimile No.: 000-000-0000 Facsimile No.: 000-000-0000
Attn: Treasurer Attn: Senior Vice President and
General Counsel
12
ARTAL LUXEMBOURG S.A.
By:__________________________________
Name:
Title:
Address for Notices: With copies to:
Artal Luxembourg S.A. Xxxxx Xxx Xxxxx
000, Xxxxx-Xxx Xxxxxxxxxxxx Xxxxxxxxxx Xxxxxx
X-0000 Xxxxxxxxxx of Law
Luxembourg 000 Xxxx Xxxxxxx Xxxxxx
Facsimile No.: 352-22-42-59-22 Xxxxxxx, Xxxxxxxx 00000
Attn: Managing Director Facsimile No.: 0-000-000-0000
and
Xxxxxxx Xxxxxxx & Xxxxxxxx
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: 0-000-000-0000
Attn: Xxxxxx X. Xxxxx, Esq.
EXHIBIT 2.1(a)
INVESTOR JOINDER
By execution of this Investor Joinder, the undersigned agrees to
become a party to that certain Preferred Stock Stockholders' Agreement, dated as
of September 29, 1999 (the "Agreement"), among Weight Watchers International,
Inc. (the "Company"), Artal Luxembourg S.A. and X.X. Xxxxx Company. By execution
of this Investor Joinder, the undersigned shall have all rights, and shall
observe all the obligations, applicable to [fill in name of transferee] (except
as otherwise set forth in the Agreement), and to have made on the date hereof
all representations and warranties made by such Investor Stockholder, modified,
if necessary, to reflect the nature of the undersigned as a corporation,
partnership, other entity or natural person.
Name:_________________________
Address for Notices: With copies to:
______________________________________ _____________________________________
______________________________________ _____________________________________
______________________________________ _____________________________________
______________________________________ _____________________________________
______________________________________ _____________________________________
If an individual, are you presently married or separated?
yes _____ no _____
(If yes, you must also have your spouse execute a spousal consent in the form
attached hereto.)
Signature:___________________
Date:___________________
CONSENT AND AGREEMENT OF SPOUSE
I, _________________________________, am the spouse of
____________________, one of the [preferred stock] stockholders of Weight
Watchers International, Inc., a Virginia corporation (the "Company"). I
acknowledge that my spouse is a party to that certain Preferred Stock
Stockholders' Agreement, dated as of September 29, 1999, among the Company and
certain stockholders of the Company, Artal Luxembourg S.A. and X.X. Xxxxx
Company (the "Agreement"), and that I have read the Agreement. I consent to,
agree to, approve and ratify each and every one of the terms and provisions of
the Agreement, and I further agree to provide all notices and information
required of me in the time and manner set forth in the Agreement.
Executed this ____ day of __________, ____.
________________________________
(Signature of Consenting Spouse)
