1
EXHIBIT 10.30
AMENDMENT TO STOCKHOLDERS AGREEMENT
AMENDMENT TO STOCKHOLDERS AGREEMENT, dated as of December 16, 1996 (the
"Amendment"), amending the STOCKHOLDERS AGREEMENT, dated as of December 18, 1995
(the "Agreement"), by and among Xxxxxx X. Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx Xxxxx,
Xxxx X. Xxxxx, the trusts listed on Schedule I to the Agreement (collectively,
the "Trusts") and GT Interactive Software Corp. (the "Company").
WHEREAS, the parties to the Agreement wish to make certain amendments to
the Agreement;
NOW, THEREFORE, for good and valuable consideration, the adequacy of which
is hereby acknowledged, the undersigned hereby amend Section 2.1 of the
Agreement as follows:
2.1 Limitation on Transfer. No Stockholder shall sell, give, assign,
hypothecate, pledge, encumber, grant a security interest in or otherwise
dispose of (whether by operation of law or otherwise) (each a "transfer")
any Shares or any right, title or interest therein or thereto, except in
accordance with the provisions of this Agreement; provided, however, a
Stockholder may hypothecate, pledge, encumber or grant a security interest,
the foreclosure of which shall be deemed an Involuntary Transfer subject to
Section 3.6 of this Agreement, in any Shares to a bank or other financial
institution. Any attempt to transfer any Shares or any rights hereunder in
violation of the preceding sentence shall be null and void ab initio and
the Company shall not register any such transfer. Anything in this
Agreement to the contrary notwithstanding, the limitations on transfer in
this Section 2.1 shall not apply to (i) any transfer of Shares by gift made
by any Stockholder to any bona fide charitable organization (including a
foundation of which the donor and/or its family members are trustees), (ii)
any sale of Shares through a widely distributed underwritten Public
Offering, or (iii) any sale of Shares made in compliance with Rule 144
under the Securities Act.
In all other respects, the terms of the Agreement remain unchanged.
All capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
This Amendment may be executed in one or more counterparts, each of which
shall be deemed an original, and all of which taken together shall constitute
one and the same instrument.
2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers or trustees as of the date
hereof.
GT Interactive Software Corp.
By /s/ XXXXXX XXXXXXXXXX
----------------------------------------------
Name: Xxxxxx Xxxxxxxxxx
Title: President, Chief Executive Officer and
Director
Xxxxxx X. Xxxxx
/s/ XXXXXX X. XXXXX
------------------------------------------------
Xxxxxxx Xxxxx
/s/ XXXXXXX XXXXX
------------------------------------------------
Xxxxxxx Xxxxx
/s/ XXXXXXX XXXXX
------------------------------------------------
Xxxx X. Xxxxx
/s/ XXXX X. XXXXX
------------------------------------------------
-2-
3
FOR THE TRUSTS:
Xxxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXX XXXXX
------------------------------------------------
By: Xxxxx Xxxxx, Trustee
Xxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXX XXXXX
------------------------------------------------
By: Xxxxx Xxxxx, Trustee
Xxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXX XXXXX
------------------------------------------------
By: Xxxxx Xxxxx, Trustee
Xxxxx X. Xxxxx Irrevocable Grantor Trust
/s/ XXXXX XXXXX
------------------------------------------------
By: Xxxxx Xxxxx, Trustee
-3-
4
Xxxx X. Xxxxx Irrevocable Grantor Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxxx X. Xxxxx Irrevocable Grantor Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
-4-
5
Xxxx Xxxxxxx Cayre Irrevocable Grantor Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
Xxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
Xxxxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
Xxxxx X. Xxxxx Irrevocable Grantor Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
Xxxxxx Xxxxx Irrevocable Grantor Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
-5-
6
Xxxxxx X. Xxxxx Grantor Retained Annuity Trust
/s/ XXXXX XXXXX
------------------------------------------------
By: Xxxxx Xxxxx, Trustee
Xxxx X. Xxxxx Grantor Retained Annuity Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxxxxx Xxxxx Grantor Retained Annuity Trust
/s/ XXXXXX XXXXX
------------------------------------------------
By: Xxxxxx Xxxxx, Trustee
Xxxxxxx Xxxxx Grantor Retained Annuity Trust
/s/ XXXXXXX XXXXX
------------------------------------------------
By: Xxxxxxx Xxxxx, Trustee
-6-
