EXHIBIT 4.7
XXXXXXX PRODUCTS, INC.
FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT
THIS FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT, dated as of March 1, 1996
(this "Amendment"), is made by and among XXXXXXX PRODUCTS INC., a Delaware
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corporation (together with its subsidiaries, unless otherwise indicated by the
context, the "Company"), MCIT PLC, a corporation organized under the laws of the
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United Kingdom ("MCIT"), MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, MASSMUTUAL
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LIMITED, MASSMUTUAL CORPORATE INVESTORS, THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY AND XXXX XXXXXXX MUTUAL LIFE INSURANCE COMPANY (collectively with MCIT,
the "Institutional Investors"), SAFETY PARTNERS, L.P. ("Safety Partners"), the
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Jordan Investors, the Management Stockholders and XXXX X. XXXXXX (the
"Stockholder"). Capitalized terms used herein and not otherwise defined herein
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shall have the meanings ascribed to them in the Agreement.
WHEREAS, a Stockholders Agreement (the "Agreement"), was entered into on
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August 16, 1995 by and among the Company, MCIT, the Institutional Investors,
Safety Partners, the Jordan Investors and the Management Stockholders;
WHEREAS, the Stockholder as of the date hereof has subscribed for shares of
the Company's Class C Common Stock, pursuant to the Management Subscription
Agreement, as amended by the First Amendment to Management Subscription
Agreement of even date herewith;
WHEREAS, the parties desire to amend this Agreement to set forth their
respective rights and obligations in connection with the Stockholder's
investment in the Company;
WHEREAS, the parties hereto also desire to restrict the sale, assignment,
transfer, encumbrance or other disposition of the shares of capital stock of the
Company and to provide for certain rights and obligations in respect thereto as
hereinafter provided;
NOW, THEREFORE, in consideration of the mutual agreements and
understandings set forth herein, the parties hereto mutually agree as follows:
1. The following Definitions in the Agreement are amended and
revised to read in their entirety as follows:
Management Investors shall mean any officer or managerial employee of the
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Company or any of its Subsidiaries who hereafter acquires any shares of Class C
Common Stock from the Company in accordance with the Management Subscription
Agreement or other subscription agreement presented by the Company to an officer
or managerial employee of the Company and this Agreement (including execution of
a counterpart to this Agreement), and any Permitted Transferee of any such
Persons who becomes a Stockholder in accordance with the terms hereof (including
execution of a counterpart to this Agreement).
Management Stockholders shall mean the management signatories to the
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Management Subscription Agreement or other subscription agreement presented by
the Company to an officer or managerial employee of the Company and their
Permitted Transferees.
2. Section 8.15 is amended by the addition of the following sentence
to the end of such Section:
"If the requirements of this Agreement otherwise have been met,
new holders of Stock may become parties to this Agreement by executing
a counterpart to this Agreement at which time the Company shall revise
the Stockholders Schedule as may be necessary or appropriate."
3. Except as herein amended, the Agreement shall remain in full
force and effect and is ratified in all respects. On and after the effectiveness
of this Amendment, each reference in the Agreement to "this Agreement,"
"hereunder," "hereof, " "herein" or words of like import, and each reference to
the Agreement in any other agreements, documents or instruments executed and
delivered pursuant to the Agreement, shall mean and be a reference to the
Agreement, as amended by this Amendment.
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
duly executed as of the date first above written.
XXXXXXX PRODUCTS, INC.
By: /s/ Xxxxxxxxxxx X. Xxxxx
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Name: Xxxxxxxxxxx X. Xxxxx
Title: V.P. & C.F.O.
Leucadia Investors, Inc.
By: /s/ Xxxx Xxxxxxxxxx
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Name: Xxxx Xxxxxxxxxx
Title: Vice President & Secretary
Xxxx X. Xxxxxx, XX Revocable Trust
/s/ Xxxx X. Xxxxxx, XX
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Xxxx X. Xxxxxx, XX
Trustee
/s/ Xxxxx X. Xxxxxxxxx
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Xxxxx X. Xxxxxxxxx
/s/ Xxxxxxxx X. Xxxxxxx
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Xxxxxxxx X. Xxxxxxx
/s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
/s/ Xxxx X. Max
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Xxxx X. Max
/s/ Xxxx X. Xxxx, III
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Xxxx X. Xxxx, III
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Xxxx X. Xxxx, III
Profit Sharing Plan DTD
1/1/88
/s/ Xxxx X. Xxxx, III,
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Xxxx X. Xxxx, III, Trustee
/s/ A. Xxxxxxx Xxxxxx, Xx.
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A. Xxxxxxx Xxxxxx, Xx.
Xxxxx X. Xxxxxx, Xx. Profit Sharing Plan and Trust
By: /s/ Xxxxx X. Xxxxxx, Xx.
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Xxxxx X. Xxxxxx, Xx.
Trustee
/s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
MANAGEMENT STOCKHOLDERS:
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
/s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
/s/ Xxxxxxxx X. Xxxxxxxx
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Xxxxxxxx X. Xxxxxxxx
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
/s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxxx
/s/ Xxxxxxxxxxx X. Xxxxx
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Xxxxxxxxxxx X. Xxxxx
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
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MCIT PLC
By: /s/ Xxxxx X. Xxxxxx, Xx.
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Name: Xxxxx X. Xxxxxx Xx.
Title: Director
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Managing Director
MASSMUTUAL PARTICIPATION INVESTORS
c/o Massachusetts Mutual Life Insurance Company
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Investment Officer
MASSMUTUAL CORPORATE VALUE PARTNERS
By Massachusetts Mutual Life Insurance Company,
its Investment Manager
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Investment Manager
MASSMUTUAL CORPORATE INVESTORS
c/o Massachusetts Mutual Life Insurance Company
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Investment Officer
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THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
By: /s/ J. Xxxxxx Xxxxxxxxxxxxxx
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Name: J. Xxxxxx Xxxxxxxxxxxxxx
Title: Vice President
XXXX XXXXXXX MUTUAL LIFE INSURANCE COMPANY
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
Title: Sr. Investment Manager
SAFETY PARTNERS, L.P.
By: /s/ Xxxxxx X. Xxxxxxxxx
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Name: Xxxxxx X. Xxxxxxxxx
Title: Managing Director
NEW STOCKHOLDERS:
/s/ Xxxx X. Xxxxxx
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Date: March 1, 1996 Xxxx X. Xxxxxx
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/s/ Xxxx X. Xxxxxxxxxx
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Date: December 1, 1996 Xxxx X. Xxxxxxxxxx
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