Exhibit 2.4
JOINDER AGREEMENT
This Joinder Agreement is dated as of June 30, 1998 among Xxxxxx
American Investment Corp. (the "COMPANY"), Vestar Capital Partners III, L.P.
("VESTAR") and each other signatory hereto (an "ADDITIONAL STOCKHOLDER").
W I T N E S S E T H :
- - - - - - - - - -
WHEREAS, the Company, Vestar, and certain other stockholders of the
Company are parties to a Stockholders' Agreement, dated as of May 18, 1998 (as
amended, supplemented or otherwise modified in accordance with the terms
thereof, including hereby, the "STOCKHOLDERS' AGREEMENT"; capitalized terms used
but not defined herein are used herein as therein defined);
WHEREAS, the Stockholders' Agreement provides that each holder of
Common Stock or Junior Preferred Stock not already a Stockholder or a Permitted
Transferee thereof may become a party to the Stockholders' Agreement with the
consent of the Company and Vestar pursuant to a supplementary agreement with the
Company and Vestar whereby such holder agrees to be bound by the terms hereof in
the same manner as the other Initial Investors (other than Vestar) or Original
Equity Holders, as the case may be; and
WHEREAS, each Additional Stockholder is, and on the Closing Date was,
a holder of Common Stock and wishes to become a party to the Stockholders'
Agreement as an Original Equity Holder, and the Company and Vestar are willing
to consent thereto, on the terms and conditions specified herein.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto agree as follows:
1. JOINDER. Each Additional Stockholder shall hereupon be deemed to
be a party to the Stockholders' Agreement as an Original Equity Holder, shall
hereafter be entitled to the rights of an Original Equity Holder under the
Stockholders' Agreement and hereby agrees to be bound by the terms of the
Stockholders' Agreement in the same manner as the other Original Equity Holders
(in each case excluding any provisions applying only to specifically named
Original Equity Holders).
2. CONSENT. By its signature below, each of the Company and Vestar
hereby consents to the addition of each Additional Stockholder as an Original
Equity Holder party to the Stockholders' Agreement.
3. EFFECTIVENESS. This agreement shall become effective as to each
Additional Stockholder upon its execution by the Company, Vestar and such
Additional Stockholder, indicated by the date set forth above.
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4. GOVERNING LAW. This agreement shall be governed by and construed
and enforced in accordance with the laws of the State of New York applicable to
contracts made and to be performed therein, except for matters directly within
the purview of the General Corporation Law of the State of Delaware (the
"DGCL"), which shall be governed by the DGCL.
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IN WITNESS WHEREOF, each of the undersigned has executed this
agreement or caused this agreement to be executed on its behalf as of the date
first written above.
XXXXXX AMERICAN INVESTMENT CORP.
By: /s/ Xxxxxx X. Xxxxxxx
-------------------------------
Title: Vice President
VESTAR CAPITAL PARTNERS III, L.P.
By: Vestar Associates III, L.P.,
its General Partner
By: Vestar Associates Corporation
III, its General Partner
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Managing Director
4
(CONTINUED)
ADDITIONAL STOCKHOLDER
Axa Europe Actions
---------------------------------------
(Fill in name of institution)
By: /s/ Xxxx-Xxxxxxxx De Gorostarzu
------------------------------------
Name: Xxxx-Xxxxxxxx De Gorostarzu
Title: Chief Investment Officer
5
(CONTINUED)
ADDITIONAL STOCKHOLDER
Axa France Actions
----------------------------------
(Fill in name of institution)
By: /s/ Xxxxxxx Sagnier
-------------------------------
Name: Xxxxxxx Sagnier
Title: Chairman and Chief Executive Officer
6
(CONTINUED)
ADDITIONAL STOCKHOLDER
Axa International Actions
----------------------------------
(Fill in name of institution)
By: /s/ Xxxxxxxxx Xxxxxx
-------------------------------
Name: Xxxxxxxxx Xxxxxx
Title: Chief Investment Officer
7
(CONTINUED)
ADDITIONAL STOCKHOLDER
Axa Valeurs
----------------------------------
(Fill in name of institution)
By: /s/ Xxxxxxx Sagnier
-------------------------------
Name: Xxxxxxx Sagnier
Title: Chief Investment Officer
8
(CONTINUED)
ADDITIONAL STOCKHOLDER
Banque Pour L'Expansion Industrielle, S.A.
-------------------------------------------
(Fill in name of institution)
By: /s/ Xxxxxx Xxxxxx
----------------------------------------
Name: Xxxxxx Xxxxxx
Title: Directeur
Departement Des Participations
9
(CONTINUED)
ADDITIONAL STOCKHOLDER
CFJPE
----------------------------------
(Fill in name of institution)
By: /s/ Xxxx Dumau Berenx
-------------------------------
Name: Xxxx Dumau Berenx
Title: General Manager
10
(CONTINUED)
ADDITIONAL STOCKHOLDER
CFJPE
----------------------------------
(Fill in name of institution)
By: /s/ Jc. Delvaux
-------------------------------
Name: Jc. Delvaux
Title: General Manager
11
(CONTINUED)
ADDITIONAL STOCKHOLDER
Credit Du Nord
----------------------------------
(Fill in name of institution)
By: /s/ S. De Le Homie
-------------------------------
Name: S. De Le Homie
Title: Directeur
12
(CONTINUED)
ADDITIONAL STOCKHOLDER
FCPR Gan Avenir
----------------------------------
(Fill in name of institution)
By: /s/ Xxxxxxxx Xx Xxxxxx
-------------------------------
Name: Xxxxxxxx Xx Xxxxxx
Title: Ges Gestion Management Company
13
(CONTINUED)
ADDITIONAL STOCKHOLDER
Mediale FCPR
----------------------------------
(Fill in name of institution)
By: /s/ Xxxxxx Xxxxxxxx
-------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Chairman
14
(CONTINUED)
ADDITIONAL STOCKHOLDER
Saint Dominique Participations
----------------------------------
(Fill in name of institution)
By: /s/ Xxxx Dumau De Berenx
-------------------------------
Name: Xxxx Dumau De Berenx
Title: General Manager
15
(CONTINUED)
ADDITIONAL STOCKHOLDER
Societe Financiere De La Bace
----------------------------------
(Fill in name of institution)
By: /s/ Xxxx Dumau Berenx
-------------------------------
Name: Xxxx Dumau Berenx
Title: General Manager
16
(CONTINUED)
ADDITIONAL STOCKHOLDER
Societe Francaise Auxiliaire
----------------------------------
(Fill in name of institution)
(Formerly known as Societe Financiere Auxiliaire)
By: /s/ Xxxxxx Xxx
-------------------------------
Name: Xxxxxx Xxx
Title: Managing Director
17
(CONTINUED)
ADDITIONAL STOCKHOLDER
Societe Pour Le Financement
Des Industries Exportatrices
-Sofinindex
----------------------------------
(Fill in name of institution)
By: /s/ Xxxx Dumau Berenx
-------------------------------
Name: Xxxx Dumau Berenx
Title: General Manager
18
(CONTINUED)
ADDITIONAL STOCKHOLDER
Union D'Etudes Et D'Investissements
----------------------------------
(Fill in name of institution)
By: /s/ Xxxx-Xxxxxxx Vaury
-------------------------------
Name: Xxxx-Xxxxxxx Vaury
Title: Chief Financial Officer
