EXHIBIT 10.6
SECOND AMENDMENT
TO THE
THIRD AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
OF CYPRESS COMMUNICATIONS, INC.
This Second Amendment dated December 1, 1999 (this "Amendment") to the
Third Amended and Restated Stockholders Agreement of Cypress Communications,
Inc. dated effective October 8, 1999, as previously amended by the First
Amendment to the Third Amended and Restated Stockholders Agreement, dated
November 23, 1999 (collectively, the "Stockholders Agreement") is by and among
Cypress Communications, Inc. (the "Company"), Vornado Communications, L.L.C.
("Vornado"), Boston Properties Limited Partnership, Cornerstone Properties
Limited Partnership, DWS Capital, LLC (the "REIT Investors") and Waterview
Partners, L.P. ("Waterview") ("Vornado", the "REIT Investors, "Waterview" as
applicable and collectively, "New Holders"), and all of the Stockholders of the
Company party to the Stockholders Agreement.
STATEMENT OF FACTS
A. In connection with the issuance of additional shares of Series C Preferred
Stock to the New Holders, the Company desires to admit each New Holder as
Stockholder and as a New Investor of Company.
B. Each New Holder desires and agrees to be bound to all provisions of the
Stockholders Agreement.
C. The Company and the Stockholders hereby agree to amend the Stockholders
Agreement accordingly.
D. Capitalized terms used herein shall have the meanings set forth in the
Stockholders Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises and covenants set
forth herein, and pursuant to Section 7.3 of the Stockholders Agreement, the
Company, the New Holders, and the Stockholders agree as follows:
1. Each New Holder is hereby admitted as a Stockholder, as an Investor
and as a New Investor of the Company, with all the privileges and
obligations associated therewith under the Stockholders Agreement.
2. Each New Holder agrees to be bound to all provisions of the
Stockholders Agreement.
3. Section 1.8 is hereby amended so that Section 1.8 reads as follows:
"1.8 "Initiating Holders" shall mean (i) collectively, Centennial
and Entrepreneurs Fund and their transferees permitted under this
Agreement, (ii) collectively, Alta and Alta-Comm and their transferees
permitted under this Agreement, (iii) collectively, Building
Communications, Tenant Communications and ICL, (iv) collectively, NAS
and Nassau, and their transferees permitted under this Agreement, (v)
collectively, Gramercy and its transferees permitted under this
Agreement, (vi) collectively, AEW and its transferees permitted under
this Agreement, (vii) collectively, Cycom and its transferees
permitted under this Agreement, (viii) collectively, Transwestern and
its transferees permitted under this Agreement, (ix) collectively,
upon their purchase of Series C Preferred Stock and their execution of
this Agreement, the REIT Investors and their transferees permitted
under this Agreement, (x) collectively, Brookfield and their
transferees permitted under the Agreement, (xi) collectively, Vornado
and its transferees permitted under the Agreement, (xii) collectively,
Waterview and its transferees permitted under the Agreement and (xiii)
collectively, Founding Stockholders holding Registrable Securities
representing not less than sixty-five percent (65%) of the then-
outstanding Founding Stock (excluding any outstanding Reserved
Employee Stock)."
4. The first sentence of Section 2.1(a) is hereby amended by changing the
reference to clauses (i) through (xi) to clauses (i) through (xiii) so
that, as amended, the first sentence of Section 2.1(a) reads as
follows:
"(a) Request for Registration. At any time or times after
the effective date of the first registration statement filed by
the Company under the Securities Act, each group of Initiating
Holders (as described in clauses (i) through (xiii) of Section
1.8, except as otherwise provided herein, may require that the
Company effect one registration under the Securities Act
utilizing a registration on Form S-1 or any similar form (a "Long
Form Registration") and as many times as requested by the
Initiating Holders utilizing a Form S-3 or any similar form, if
available (a "Short-Form Registration") (each a "Demand
Registration")."
5. Section 1.12 is hereby amended to add the following sentence at the
end of such Section:
Vornado Operating Company, Vornado Operating L.P. and each
individual in a management position of Vornado Realty Trust shall
be deemed to be Permitted Transferees of Vornado for all purposes
of this Agreement.
6. All remaining provisions of the Stockholders Agreement shall remain
unchanged and effective and are incorporated herein by reference.
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment
to the Third Amended and Restated Stockholders Agreement effective as of the day
and year first above written.
Company
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CYPRESS COMMUNICATIONS, INC.
By: /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxxx
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Title: Chief Financial Officer
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Stockholders
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INVESTORS:
CENTENNIAL FUND V, L.P.
By: Centennial Holdings V, L.P., General Partner
By: /s/ Xxxxxxx X. Xxxxxx
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General Partner
CENTENNIAL ENTREPRENEURS FUND V, L.P.
By: Centennial Holdings V, L.P., General Partner
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------
ALTA COMMUNICATIONS VI, L.P.
By: Alta Communications VI Management Partners, L.P.
By: /s/ Xxxxxxx X. Xxxx
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General Partner
ALTA-COMM S BY S, LLC
By: /s/ Xxxxxxx X. Xxxx
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Member
TENANT COMMUNICATIONS, INC.
By: /s/ Xxxx Xxxxxxx
------------------------------
Name: Xxxx Xxxxxxx
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Title: SVP
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BUILDING COMMUNICATIONS, LLC
By: Beacon Capital Partners, L.P., Member
By: Beacon Capital Partners, Inc.,
its General Partner
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
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Title: SVP
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INVESTOR COMMUNICATIONS LLC
By: Beacon Communications LLC,
its Manager
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
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Title: Manager
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NAS PARTNERS L.L.C.
By: /s/ Xxxxxxx X. Hack
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Name: Xxxxxxx X. Hack
----------------------------
Title: Member
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TRANSWESTERN COMMERCIAL SERVICES, L.L.C.
By: /s/ Transwestern Commercial
Services, L.L.C.
------------------------------
Name: ____________________________
Title: ___________________________
GRAMERCY CYPRESS LLC
By: /s/ Xxxxxxxx Xxxxxxxxx
-------------------------------
Name: Xxxxxxxx Xxxxxxxxx
-----------------------------
Title: Managing Director
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NASSAU CAPITAL PARTNERS III, L.P.
By: Nassau Capital L.L.C.
By: /s/ Xxxxxxx X. Hack
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Name: Xxxxxxx X. Hack
----------------------------
Title: Member
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XXXXXX CYCOM INVESTMENT L.L.C.
By: /s/ Xxxx X. Xxxxxxx
-------------------------------
Name: ____________________________
Title:____________________________
AEW PARTNERS III, L.P.
By: AEW Partners III, L.L.C., its General Partner
By: /s/ Xxxx Xxxxxxxx
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Name: Xxxx Xxxxxxxx
----------------------------
Title: Vice President
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BROOKFIELD INTERNATIONAL PROPERTIES, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
----------------------------
Title: Director
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FOUNDING STOCKHOLDERS:
/s/ R. Xxxxxxx Xxxxx
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R. Xxxxxxx Xxxxx
/s/ Xxxx X. Xxxxxxxxx, Xx.
----------------------------------
Xxxx X. Xxxxxxxxx, Xx.
__________________________________
Xxxxxxx Moh
ITC Service Company
By: ______________________________
Name: ____________________________
Its: _____________________________
__________________________________
Xxxxxx Xxxxxxxx
/s/ Xxxx X. Xxxxxxx
----------------------------------
Xxxx X. Xxxxxxx
__________________________________
Xxxx X. Xxxxxxxx
/s/ Xxxx X. Xxxxxx
----------------------------------
Xxxx X. Xxxxxx
/s/ Xxxxx X. Xxxxxxxx
----------------------------------
Xxxxx X. Xxxxxxxx
__________________________________
Xxxxxx X. Xxxxxx
NEW HOLDERS:
VORNADO COMMUNICATIONS, L.L.C.
By: Vornado Realty L.P., its manager
By: Vornado Realty Trust, its general partner
By: /s/ Xxxxx Xxxxxxxx
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Name: Xxxxx Xxxxxxxx
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Title: Vice President, CEO
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WATERVIEW PARTNERS, L.P.
By: Waterview Advisors, L.P.
Its General Partner
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
----------------------------
Title: Managing Director
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New Holders Signature Page Continued
BOSTON PROPERTIES
LIMITED PARTNERSHIP
By: Boston Properties, Inc.
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Its General Partner
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
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Title: Executive Vice President
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CORNERSTONE PROPERTIES
LIMITED PARTNERSHIP
By: Cornerstone Properties Inc.
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Its General Partner
By: /s/ H. Xxx Xxx Xxxxx
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Name: H. Xxx Xxx Xxxxx
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Title: Chief Operating Officer
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DWS CAPITAL LLC
By: /s/ P. Xxxx Xxxxx
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Name: P. Xxxx Xxxxx
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Title:
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