AMENDMENT NO. 1 TO NO-TRANSFER AGREEMENT
Exhibit 99.30
EXECUTION COPY
May 4, 2004
Xxxxxx Xxxxxxx LLC
Perryville Corporate Xxxx
Xxxxxxx Xxxx Xxxx 000
Xxxxxxx, Xxx Xxxxxx 00000-0000
AMENDMENT NO. 1 TO NO-TRANSFER AGREEMENT
Ladies and Gentlemen:
Reference is made to the No-Transfer Agreement dated April 9, 2004 (the “No-Transfer Agreement”), among Xxxxxx Xxxxxxx Ltd., a Bermuda Company, Xxxxxx Xxxxxxx LLC, a Delaware limited liability company (collectively, the “Companies,” and each, individually, a “Company”) and the signatories thereto (collectively the “Security Holders,” and each, individually, a “Security Holder”) Terms defined in the No-Transfer Agreement are used herein as defined therein.
The Companies have requested that the Security Holders agree to amend the No-Transfer Agreement and the Security Holders are willing to so agree upon the terms and conditions of this Amendment No. 1 to the No-Transfer Agreement (the “Amendment No. 1”). Accordingly, the parties hereto hereby agree as follows:
Section 1. Amendments. Subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the No-Transfer Agreement shall be amended as follows:
1.01. Termination of Agreement. Section 6(a)(i) of the No-Transfer Agreement is hereby amended to read in its entirety as follows:
“(i) May 7, 2004, if the Form S-4 has not been declared effective by such date;”
Section 2. Conditions. The amendments set forth in Section 1 hereof shall become effective, as of the date hereof, upon satisfaction of the following conditions:
(a) Execution of this Amendment No. 1. The execution and delivery of counterparts of this Amendment No. 1 by each of the Companies and each of the Security Holders not later than May 4, 2004; and
(b) Payment of Fees. The payment of any outstanding invoices for fees and expenses incurred by Saybrook Restructuring Advisors, LLC and Milbank, Tweed, Xxxxxx & XxXxxx LLP, with respect to which invoices have been delivered to either of the Companies on or before May 4, 2004.
Section 3. Miscellaneous. Except as herein provided, the terms and conditions set forth in the No-Transfer Agreement shall continue unchanged and in full force and effect. This Amendment No. 1 shall be governed by, and construed in accordance with, the law of the State of New York.
IN WITNESS WHEREOF, each of the parties has caused this Amendment No. 1 to be executed and delivered by its duly authorized officers as of the date first written above.
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Very truly yours, |
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XXXXXX XXXXXXX Ltd. |
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By: |
/s/ Xxxxxxx Xxxxxxxx |
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Name: Xxxxxxx Xxxxxxxx |
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Title: Vice President and Treasurer |
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XXXXXX XXXXXXX LLC |
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By: |
/s/ Xxxxxxx Xxxxxxxx |
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Name: Xxxxxxx Xxxxxxxx |
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Title: Vice President and Treasurer |
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Security Holder: |
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Xxxxx Fargo Bank, N.A. |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: |
XXXX XXXXXXX |
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Title: |
SVP |
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Security Holder: |
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Xxxxxx Advisors, LLC |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: |
XXXX XXXXXXX |
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Title: |
SVP |
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Security Holder: |
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Xxxxxxx Xxxxx Global Allocation Fund, Inc. |
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By: |
/s/ Xxx CV Chamby |
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Name: |
XXX X.X. XXXXXX |
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Title: |
Associate Portfolio Manager |
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Security Holder: |
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Xxxxxxx Xxxxx
International Investment Fund |
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By: |
/s/ Xxx CV Chamby |
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Name: |
XXX X.X. XXXXXX |
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Title: |
Associate Portfolio Manager |
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Security Holder: |
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Xxxxxxx Xxxxx Variable
Series Fund, Inc. - |
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By: |
/s/ Xxx CV Chamby |
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Name: |
XXX X.X. XXXXXX |
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Title: |
Associate Portfolio Manager |
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Security Holder: |
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Xxxxxxx Xxxxx Series
Funds, Inc. - Global |
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By: |
/s/ Xxx CV Chamby |
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Name: |
XXX X.X. XXXXXX |
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Title: |
Associate Portfolio Manager |
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Security Holder: |
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Tribeca Investments Ltd. |
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By: |
/s/ Xxxxx Xxxxxx |
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Name: |
XXXXX XXXXXX |
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Title: |
Chief Financial Officer |
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Security Holder: |
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Highbridge Capital Corporation |
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By: Highbridge Capital Management, LLC |
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By: |
/s/ Xxxxxx Xxxxxx |
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Name: |
Xxxxxx Xxxxxx |
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Title: |
Portfolio Manager |
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Address: |
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0 Xxxx 00xx
Xxxxxx |
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Tel: (000) 000-0000 |
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Fax: (000) 000-0000 |
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Security Holder: |
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SPECIAL VALUE ABSOLUTE
RETURN |
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By: |
SVAR/MM, LLC |
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Its: |
Managing Member |
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By: |
Xxxxxxxxxx Capital Partners, LLC |
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Its: |
Managing Member |
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By: |
Xxxxxxxxxx & Co., LLC |
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Its: |
Managing Member |
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By: |
/s/ Xxxx X. Xxxxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxxxx |
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Title: |
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Security Holder: |
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SPECIAL VALUE BOND FUND II, LLC |
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By: SVIM/MSM II, LLC |
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Its: Managing Member |
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By: Xxxxxxxxxx & Co., LLC |
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Its: Managing Member |
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By: |
/s/ Xxxx X. Xxxxxxxxxx |
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Name: |
Xxxx X. Xxxxxxxxxx |
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Title: |
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