Exhibit 10.1
AMENDMENT NO. 1 TO
SECURITIES PURCHASE AGREEMENT
This Amendment No. 1 to Securities Purchase Agreement (this "Amendment")
dated as of December 6, 2002 is entered into by and between Quanta Services,
Inc., a Delaware corporation (the "Company"), and First Reserve Fund IX, L.P., a
Delaware limited partnership ("Purchaser").
RECITALS
WHEREAS, the Company and Purchaser have entered into that certain
Securities Purchase Agreement dated as of October 15, 2002 (the "Agreement")
pursuant to which the parties agreed, among other things, that Purchaser would
purchase from the Company and the Company would issue to Purchaser (a) 8,666,666
shares of the Company's common stock, par value $0.00001 per share (the "Common
Shares"), at the Tranche I Closing and (b) 2,430,741 shares of the Company's
Series E Preferred Stock, par value $0.00001 per share (the "Preferred Shares"),
at the Tranche II Closing;
WHEREAS, pursuant to Section 2.03 of the Agreement, the Tranche II Closing
may not be later than December 7, 2002, subject to extension by Purchaser
pursuant to Section 2.03 thereof;
WHEREAS, the Company and Purchaser desire to amend the Agreement in the
manner set forth in this Amendment.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used and not otherwise defined herein have the
meanings set forth in the Agreement.
2. Amendment.
(a) The second sentence of Section 2.03 of the Agreement is hereby amended
and restated in its entirety to read as follows:
"The delivery of the certificate(s) representing the Preferred Shares,
payment by Purchaser of the required consideration and all other
instruments required by this Agreement (the "Tranche II Closing") will
occur on the second Trading Day following the satisfaction of the
conditions set forth in Sections 5.02 and 5.03 hereof or such other
date as is mutually agreed upon by the parties, but in no event shall
such date be later than December 20, 2002."
(b) Section 6.15(b) of the Agreement is hereby amended and restated in its
entirety to read as follows:
"by either the Company or Purchaser if the Tranche II Closing shall
not have been consummated on or before December 20, 2002, unless
extended by mutual agreement or unless the failure to consummate the
Closing is attributable to a failure on the part of the party seeking
to terminate this Agreement to perform any obligation required to be
performed by such party at or prior to the Tranche II Closing Date;
or"
3. Documents Otherwise Unchanged. Except as herein provided, the Agreement shall
remain unchanged and in full force and effect, and each reference to the
Agreement shall be a reference to the Agreement as amended hereby and as the
same may be further amended, restated, supplemented or otherwise modified and in
effect from time to time.
4. Effectiveness of Amendment. This Amendment shall become effective immediately
upon the execution hereof.
5. Binding Effect. This Amendment shall be binding upon the Company, Purchaser,
and their respective successors and permitted assigns. Except as expressly
provided in this Amendment, this Amendment shall not be construed so as to
confer any right or benefit upon any Person other than the parties to this
Amendment, and their respective successors and permitted assigns.
6. Governing Law. This Amendment will be construed in accordance with and
governed by the laws of the State of Delaware without regard to principles of
conflicts of laws.
[signature page follows]
IN WITNESS WHEREOF, the undersigned have duly executed this Amendment No. 1
to Securities Purchase Agreement as of the date first written above.
QUANTA SERVICES, INC.
By: /s/ Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx
Title: Vice President
FIRST RESERVE FUND IX, L.P.
By: First Reserve GP IX, L.P., General Partner
By: First Reserve G.P. IX, Inc., General Partner
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Managing Director
