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EXHIBIT 10.1
FOURTH AMENDMENT TO STOCKHOLDERS' AGREEMENT
THIS FOURTH AMENDMENT TO STOCKHOLDERS' AGREEMENT (this
"Amendment") is dated as of September 11, 1999 and is made and entered into by
and among the undersigned parties.
Recitals
The undersigned parties, constitute the "Majority Investors,"
"Majority Shareholders" and the "Company" under that certain Stockholders'
Agreement, dated as of September 25, 1996, and amended by that First Amendment
to Shareholders' Agreement dated as of August 29, 1997, the Second Amendment to
Stockholder's Agreement dated January __, 1998 and the Third Amendment to
Stockholder's Agreement (the "Stockholders' Agreement").
The undersigned desire to amend the Stockholders' Agreement
under Section 5.3 thereof.
Agreement
Therefore, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:
1. Certain Defined Terms. Unless otherwise expressly defined in this
Amendment, capitalized terms used in this Amendment have the respective meanings
assigned to them in the Stockholders' Agreement.
2. Amendments to the Stockholders' Agreement. Effective as of the date
hereof, the Stockholders' Agreement is hereby amended as follows:
a. Section 3.1 is amended by deleting the word "nine" in the
first sentence and inserting the word "ten" in its place.
b. Section 3.1(b) is amended by deleting the word "four" and
inserting the word "five" in its place.
c. Section 3.1(c) is amended by deleting the word "six" in the
fifth sentence and inserting the words "seven" in its place.
d. Section 3.8 is amended so that no consent is required for
the Company to enter into one or more advertising contracts with
Restricted Persons in the ordinary course of the Company's business.
3. Reaffirmation. The undersigned parties acknowledge that the
Stockholder's Agreement, as amended hereby, remains in full force and effect and
is hereby ratified and affirmed.
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IN WITNESS WHEREOF, the undersigned have duly executed and delivered
this Third Amendment to Stockholders' Agreement as of the date first above
written.
"Company"
NEXT GENERATION NETWORK, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Chief Executive Officer
"Majority Shareholders"
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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"Majority Investors"
21ST CENTURY COMMUNICATIONS
PARTNERS, L.P.
By: SANDLER INVESTMENT
PARTNERS, L.P., General Partner
By: SANDLER CAPITAL MANAGEMENT,
General Partner
By: MJDM MEDIA CORP.,
General Partner
By:
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President
21ST CENTURY COMMUNICATIONS T-E
PARTNERS, L.P.
By: SANDLER INVESTMENT
PARTNERS, L.P.,
General Partner
By: SANDLER CAPITAL MANAGEMENT,
General Partner
By: MJDM MEDIA CORP.,
General Partner
By:
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President
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21ST CENTURY COMMUNICATIONS
FOREIGN PARTNERS, L.P.
By: SANDLER INVESTMENT
PARTNERS, L.P.,
General Partner
By: SANDLER CAPITAL
MANAGEMENT,
General Partner
By: MJDM MEDIA CORP.,
a General Partner
By:
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President
