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EXHIBIT 4.4
FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT
This First Amendment to Stockholders Agreement (the "Amendment"), dated
as of December 15, 1998, is entered into by and among Nextera Enterprises,
L.L.C., a Delaware limited liability company ("Nextera"), Nextera Enterprises,
Inc., a Delaware corporation (the "Company"), and the individuals and other
parties listed on the signature pages hereof and their permitted successors and
assigns (each a "Stockholder" and collectively, the "Stockholders").
A. Nextera, the Company and the Stockholders have entered into a
Stockholders Agreement dated as of August 31, 1998 (the "Stockholders
Agreement"). Section 12.1 of the Stockholders Agreement provides that the
Stockholders Agreement may be amended by an instrument in writing signed by
Nextera or the Company, Stockholders holding a majority of the Subject Shares
and Stockholders holding a majority of the Subject Shares held by Sibson
Persons. Capitalized terms not otherwise defined herein shall have the meanings
ascribed to them in the Stockholders Agreement.
B. The Company has signed a non-binding letter of intent with Lexecon
Inc., an Illinois corporation ("Lexecon"), relating to a possible transaction
whereby the holders of all of the outstanding capital stock of Lexecon (the
"Lexecon Persons") may contribute such stock to the Company in exchange for,
among other things, the issuance by the Company of shares of its Class A Common
Stock and/or options to purchase shares of Class A Common Stock ("Options") to
the Lexecon Persons (the "Lexecon Transaction"). The Company also may issue
shares of its Class A Common Stock and/or Options to certain Lexecon employees
in connection with the Lexecon Transaction.
C. The Company, from time to time, may desire to issue additional shares
of its Common Stock in connection with other transactions.
D. The parties desire to amend the Stockholders Agreement to permit the
Company to add additional parties to the Stockholders Agreement as Stockholders
in connection with the Lexecon Transaction and other transactions and to reflect
certain other matters as set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency is hereby acknowledged, the parties agree as follows:
1. Additional Stockholders. Section 12.1 of the Stockholders Agreement
is hereby deleted and replaced in its entirety with the following:
"12.1 Amendments. This Agreement may not be amended except by an
instrument in writing signed by Nextera or the Company, Stockholders holding a
majority of the Subject Shares and Stockholders holding a majority of the
Subject Shares held by Sibson Persons; provided, however, that this Agreement
may be amended solely to add additional parties to this Agreement as
Stockholders by (i) the affirmative vote of a majority of the members of the
Board of Directors of the Company (from and after the consummation of the
Incorporation Transaction)
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or the affirmative vote of a majority of the members of the governing body of
Nextera (prior to the consummation of the Incorporation Transaction), and (ii)
the execution of signature pages or such other documentation as may be required
by the Company or Nextera by each additional Stockholder party. Nextera or the
Company shall have the power to amend Schedule A to this Agreement from time to
time to reflect amendments adding parties as Stockholders."
2. Lexecon Board Representative. The following new section 7.1 is added
to the Stockholders Agreement effective as of the closing of the Lexecon
Transaction:
"7.1 Lexecon Board Representative. Until the second anniversary
of the closing of the Lexecon Transaction, the Stockholders shall be required to
elect one person that is designated by the Lexecon Persons (the "Lexecon
Designee") to the Board of Directors of the Company and each Stockholder agrees
to vote his Subject Shares to effectuate the same. The Lexecon Designee shall be
Xxxx Xxxxxxxxxx until a successor is designated in a notice to the Company
signed by Lexecon Persons holding at least a majority of the shares of Class A
Common Stock held by all Lexecon Persons. Following the second anniversary of
the closing of the Lexecon Transaction, the Stockholders shall have no
obligation to elect the Lexecon Designee to the Board of Directors of the
Company. This Section 7.1 shall be effective only upon the closing of the
Lexecon Transaction."
3. Typographical Corrections. The last two words of the first sentence
of Section 1.3 of the Stockholders Agreement are hereby corrected to read
"Operating Agreement." The reference to "holders of Class A Common Stock being
entitled to ten votes per share" in clause (i) in the parenthetical at the end
of Section 17 is hereby corrected to read "holders of Class B Common Stock being
entitled to ten votes per share."
4. Full Force and Effect. Except as expressly amended by this Amendment,
the Stockholders Agreement shall continue in full force and effect. In the event
of any conflict or inconsistency between the Stockholders Agreement and this
Amendment, the terms of this Amendment shall govern.
THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK
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IN WITNESS WHEREOF, this Amendment has been executed and
delivered as of the date first written above.
"NEXTERA":
NEXTERA ENTERPRISES, L.L.C.,
a Delaware limited liability company
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxx
Title: Chief Financial Officer
NEXTERA ENTERPRISES, INC.,
a Delaware corporation
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxx
Title: Vice President
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"STOCKHOLDERS"
KNOWLEDGE ENTERPRISES, INC.,
a Delaware corporation
By: /s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
Its Secretary
/s/ Xxxxxxx Brebach, Jr. /s/ Xxxxx Xxxxxxxxx
-------------------------------- ------------------------------------
Xxxxxxx Brebach, Jr. Xxxxx Xxxxxxxxx
/s/ Xxxxxx Xxxxxx
-------------------------------- ------------------------------------
Xxxxxx Xxxxxx Xxxxx Xxxxxx
/s/ Xxxxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxx
-------------------------------- ------------------------------------
Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxxx
/s/ Xxxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxxx Xxxxx Xxxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxx X. Xxxxxx Xxxxxxx Xxxxxxxxx
-------------------------------- ------------------------------------
Xxxxxx X. Xxxxxx Xxxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxxxx X. Xxxx Xxxxx Van Straatum
-------------------------------- ------------------------------------
Xxxxxxx Xxxxxxxxxx Xxxx XxXxxx
/s/ Xxxx Xxxxxxxx /s/ Xxxx X. Xxxxx
-------------------------------- ------------------------------------
Xxxx Xxxxxxxx Xxxx X. Xxxxx
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/s/ Xxxxxxxx Xxxxxxxxx /s/ Xxxxxxx X. Xxxxxxxx
-------------------------------- ------------------------------------
Xxxxxxxx Xxxxxxxxx Xxxxxxx X. Xxxxxxxx
/s/ Xxxxxx Xxxxxxxxx /s/ Xxxxxxx Xxxxxxxxx
-------------------------------- ------------------------------------
Xxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxxxx
/s/ Xxxxx X. Xxxxxxxx
-------------------------------- ------------------------------------
Xxxxx X. Xxxxxxxx Xxxxxx Xxxxxxx
/s/ Xxxxxx Xxxxxxx
-------------------------------- ------------------------------------
Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxxx
/s/ Xxxx Xxxxxxx /s/ Xxxx Xxxxxxxxxxx
-------------------------------- ------------------------------------
Xxxx Xxxxxxx Xxxx Xxxxxxxxxxx
/s/ Xxxxxxxxx (Xxx) Xxxxxx /s/ Xxxxx Xxxxxx
-------------------------------- ------------------------------------
Xxxxxxxxx (Xxx) Xxxxxx Xxxxx Xxxxxx
/s/ Xxxxxxx Xxxxxxxx /s/ Xxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxxxx Xxxxxxxx Xxxxxx Xxxxx
/s/ Xxxxx Xxxxxx /s/ Xxxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxx Xxxxxx Xxxxxxx Xxxxx
/s/ Xxxxxx Xxxxx /s/ Xxxxxx Xxxxx
-------------------------------- ------------------------------------
Xxxxxx Xxxxx Xxxxxx Xxxxx
/s/ Xxxxxxxxx Xxxx
-------------------------------- ------------------------------------
Xxxxxxxxx Xxxx Xxxxx Xxxxxxxxx
/s/ Xxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxxxx
-------------------------------- ------------------------------------
Xxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx
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/s/ Xxxxx XxXxxxx /s/ Xxxxxxx X'Xxxxxxx
-------------------------------- ------------------------------------
Xxxxx XxXxxxx Xxxxxxx X'Xxxxxxx
/s/ Xxxxxxx Xxxxx /s/ Xxxx Xxxx
-------------------------------- ------------------------------------
Xxxxxxx Xxxxx Xxxx Xxxx
/s/ Xxxxx Xxxxx /s/ Xxxx Xxxxxxx
-------------------------------- ------------------------------------
Xxxxx Xxxxx Xxxx Xxxxxxx
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxxxxxx
-------------------------------- ------------------------------------
Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxxx
/s/ Xxxxxx Xxxxxx /s/ Xxxxxxx Xxxxxx
-------------------------------- ------------------------------------
Xxxxxx (Chip) Xxxxxx Xxxxxxx Xxxxxx
/s/ Xxxxx Xxxxxxxx Xxxxx /s/ Xxxxxxx XxXxxxxxx
-------------------------------- ------------------------------------
Xxxxx Xxxxxxxx Xxxxx Xxxxxxx XxXxxxxxx
/s/ Xxxx Xxxxxxxxxx
--------------------------------
Xxxx Xxxxxxxxxx
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XXXXXXX X. XXXXX TRUST
By: /s/ Xxxxxx Xxxxx
-------------------------------
Xxxxxx Xxxxx, as Trustee
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------
Xxxxxxx X. Xxxxx, as Trustee
XXXXXX X. XXXXX TRUST
By: /s/ Xxxxxx Xxxxx
-------------------------------
Xxxxxx Xxxxx, as Trustee
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------
Xxxxxxx X. Xxxxx, as Trustee
XXXXXXX X. XXXXX TRUST
By: /s/ Xxxxxx Xxxxx
-------------------------------
Xxxxxx Xxxxx, as Trustee
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------
Xxxxxxx X. Xxxxx, as Trustee
XXXXX XXXXXXXXX TRUST NO. 1
By:
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Xxxxxxx X. Xxxxxxx, as Trustee
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XXXXX XXXXXXXXX TRUST NO. 2
By:
-------------------------------
Xxxxxxx X. Xxxxxxx, as Trustee
XXXXX XXXXXXXXX TRUST NO. 1
By:
-------------------------------
Xxxxxxx X. Xxxxxxx, as Trustee
CHLOE XXX XXXXXXX TRUST
By: /s/ Xxxxx XxXxxxx
-------------------------------
Xxxxx XxXxxxx, as Trustee
THE XXXXXXXXX X. XXXXX QUALIFIED
SUBCHAPTER S. TRUST
By:
-------------------------------
Xxxx Xxxxxxx, as Trustee
By:
-------------------------------
Xxxxx X. Xxxxx, as Trustee
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THE SIENNA X. XXXXX QUALIFIED
SUBCHAPTER S. TRUST
By:
-------------------------------
Xxxx Xxxxxxx, as Trustee
By:
-------------------------------
Xxxxx X. Xxxxx, as Trustee
XXXX TRUST
By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx, as Trustee
XXXX XXXXXXXXXXX TRUST
By:
-------------------------------
Xxxx Xxxxxxxxxxx, as Trustee
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