AMENDMENT NO. 2 TO
STOCKHOLDERS AGREEMENT
This Amendment to Stockholders Agreement (this "Amendment") is made
and entered into as of October 24, 1996 by and between Aftermarket Technology
Holdings Corp., a Delaware corporation (the "Company"), Aurora Equity Partners
L.P., a Delaware limited partnership ("AEP"), Aurora Overseas Equity Partners I,
L.P., a Cayman Islands exempted limited partnership ("AOEP"), and each of the
stockholders of the Company who are signatories hereto (the "Stockholders").
WHEREAS, Section 10.2 of that certain Stockholders Agreement dated as
of August 2, 1994 among the Company and certain of its stockholders,
optionholders and warrantholders (the "Stockholders Agreement") permits the
amendment thereof by a written agreement signed by (a) the Company, (b) AEP and
AOEP and (c) the holders of a majority in voting interest of the outstanding
shares of Common Stock and Preferred Stock of the Company;
WHEREAS, the Stockholders hold a majority in voting interest of the
outstanding shares of Common Stock and Preferred Stock of the Company; and
WHEREAS, the parties hereto desire to amend the Stockholders Agreement so that
the right granted to the stockholders who are a party to the Stockholders
Agreement to include equity securities in an underwritten public offering of the
Company's common stock, par value $.01 per share (the "Common Stock"), provided
there are sales pursuant to such registration statement of shares of Common
Stock for an aggregate offering price of not less than $20,000,000 (a "Qualified
IPO"), pursuant to Section 1(a) of Exhibit D to the Stockholders Agreement,
shall not apply to a Qualified IPO that is consummated on or before March 31,
1997;
NOW, THEREFORE, in consideration of the foregoing recitals and the
covenants set forth herein, the parties hereto hereby agree as follows:
1. AMENDMENT. Section 1(a) of Exhibit D to the Stockholders
Agreement is hereby deleted in its entirety and the following is hereby
substituted in its place:
"(a) RIGHT TO INCLUDE REGISTRABLE SECURITIES. Except in the case of a
Qualified IPO that is consummated on or before March 31, 1997, if the
Company at any time proposes to effect a Qualified IPO or, following a
Qualified IPO, proposes to register any of its equity securities under the
Act (other than by a registration on Form S-4 or S-8 or any successor or
similar forms), whether or not for sale for its own account, in a manner
which would permit registration of Registrable Securities for sale to the
public under the Act, then the Company will each such time give prompt
written notice (which shall be at least 30 days prior to
filing) to all Eligible Holders of Registrable Securities of its intention
to do so and of such Eligible Holders' rights under this Paragraph 1. Upon
the written request of any such Eligible Holder made within 20 days after
the receipt of any such notice (which request shall specify the Registrable
Securities intended to be disposed of by such Eligible Holder and the
intended method of disposition thereof), the Company will use its best
efforts to effect the registration under the Act of all Registrable
Securities which the Company has been so requested to register by the
holders thereof, to the extent requisite to permit the disposition (in
accordance with the intended methods thereof as aforesaid) of the
Registrable Securities so to be registered, by inclusion of such
Registrable Securities in the registration statement which covers the
securities which the Company proposes to register or in a separate
registration statement concurrently filed and on terms substantially the
same as those being offered to the Company; PROVIDED that if, at any time
after giving written notice of its intention to register any securities and
prior to the effective date of the registration statement filed in
connection with such registration, the Company shall determine for any
reason not to register or to delay registration of such securities, the
Company may, at its election, give written notice of such determination to
each Eligible Holder of Registrable Securities and, thereupon:
(i) in the case of a determination not to register,
shall be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from its
obligation to pay the Registration Expenses in connection
therewith), and
(ii) in the case of a delay in registering, shall be
permitted to delay registering any Registrable Securities for the
same period as the delay in registering such other securities."
2. GOVERNING LAW. This Amendment shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware without
reference to choice or conflicts of law principles thereof.
3. EFFECT OF AMENDMENT. Except as amended by this Amendment, the
Stockholders Agreement shall remain unchanged and shall remain in full force and
effect.
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IN WITNESS WHEREOF, the Company, AEP, AOEP and each of the
Stockholders have duly executed this Amendment as of the date first above
written.
AFTERMARKET TECHNOLOGY
HOLDINGS CORP.
By:
------------------------------
Name:
----------------------------
Title:
---------------------------
THE CLASS A STOCKHOLDERS:
---------------------------------
XXXXXXX X. XXXXX
XXXXX X. XXXX REVOCABLE TRUST
---------------------------------
Xxxxx X. Xxxx, Grantor/Trustee
---------------------------------
XXXXXXX X. XXXXXX
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THE CLASS B STOCKHOLDERS:
ALLENWOOD VENTURES, INC.
By:
------------------------------
Xx. Xxxxx Xxxx
---------------------------------
XXXX X. XXXXXXXX
XXXXXX XXXXXXXX VARIABLE TRUST
By:
------------------------------
Xxxxxx Xxxxxxxx, Trustee
THE XXXXXX X. XXXXXX FOUNDATION
By:
------------------------------
Name:
--------------------------
Title:
-------------------------
AURORA CAPITAL PARTNERS L.P.
By: Aurora Advisors, Inc.,
its general partner
By:
------------------------------
Name:
--------------------------
Title:
-------------------------
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AURORA OVERSEAS CAPITAL
PARTNERS, L.P.
By: Aurora Overseas Advisors, Ltd.,
its general partner
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
BANCBOSTON INVESTMENTS, INC.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
BANKAMERICA CAPITAL CORPORATION
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
CASTLEROCK INVESTMENTS LTD.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
5
CHEMICAL EQUITY ASSOCIATES
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
CHEMICAL INVESTMENTS, INC.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
XXXXXXX X. XXXXXXX
-------------------------------------
XXXXXX X. XXXXXXXX III
THE TRUSTEES OF DARTMOUTH COLLEGE
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
XXXX XXXXXX AS CUSTODIAN FOR AURORA CAPITAL
PARTNERS VIP PLUS 401(K) PLAN
FBO XXXXXXX X. XXXXXXX
By:
----------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
By:
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
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XXXX XXXXXX AS CUSTODIAN FOR AURORA CAPITAL
PARTNERS VIP PLUS 401(K) PLAN
FBO XXXX X. XXXXX
By:
----------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
By:
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
XXXX XXXXXX AS CUSTODIAN FOR AURORA CAPITAL
PARTNERS VIP PLUS 401(K) PLAN
FBO XXXX X. XXXXXX
By:
----------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
By:
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
XXXX XXXXXX AS CUSTODIAN FOR AURORA CAPITAL
PARTNERS VIP PLUS 401(K) PLAN
FBO XXXXXX X. XXXXXX
By:
----------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
By:
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
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XXXX XXXXXX AS CUSTODIAN FOR AURORA CAPITAL
PARTNERS VIP PLUS 401(K) PLAN
FBO X. XXXXXXXX XXXX
By:
----------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
By:
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
DELTA MASTER TRUST
By:
----------------------------------
Trustee
-------------------------------------
XXXXXXX X. XXXXXXXXXX
-------------------------------------
XXXXXXXXX X. XXXXX, III
GENERAL ELECTRIC PENSION TRUST
By:
----------------------------------
Name:
------------------------------
Title: Trustee
HARBOURTON REASSURANCE, INC.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
XXXX X. XXXXX
8
XXXXXX FINANCIAL, INC.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
AMBASSADOR XXXXX X. XXXXXXX
-------------------------------------
XXXXX X. XXXXX
L-A&A GIFT TRUST FBO
XXXXXX XXXXXX XXXXXXXX
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
L-A&A GIFT TRUST FBO
XXXXXXXX XXXXXX XXXXXXXX
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
XXXX X. XXXXXX
LODWRICK AND XXXXXX XXXX AS
TRUSTEES OF THE XXXX FAMILY
TRUST DATED SEPTEMBER 16, 1991
By:
----------------------------------
Trustee
-------------------------------------
XXXX X. XXXXX
9
NHL HOLDINGS LTD.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
OGAC LIMITED
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
ORYX EQUITY PARTNERS FUND I LTD.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
XXXXXX X. XXXXXX
-------------------------------------
X.X. XXXXXX AND X.X. XXXXXX, JTWROS
By:
----------------------------------
Xxxxxx X. Xxxxxx
By:
----------------------------------
Xxxxxxx X. Xxxxxx
SOMERVILLE S TRUST
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
10
SPRINGBROOK, G.P.
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
-------------------------------------
XXXXXXX X. XXXXXXX
SUMITOMO BANK OF CA TTEE FOR XXXXXX, XXXX &
XXXXXXXX RETIREMENT PLAN FBO
H. XXXXXXX XXXXXX
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
SUMITOMO BANK OF CA TTEE FOR
XXXXXX, XXXX & XXXXXXXX RETIREMENT
PLAN FBO XXXXX X. XXXXX
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
UNIVERSITY OF SOUTHERN CALIFORNIA
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
W. S. INVESTMENTS L.P.
By:
----------------------------------
Name:
------------------------------
General Partner
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-------------------------------------
XXXXXX X. XXXXXXXXX
-------------------------------------
X. XXXXXXXX YORT
THE CLASS C STOCKHOLDERS:
AURORA EQUITY PARTNERS L.P.
By: Aurora Capital Partners L.P.,
its general partner
By: Aurora Advisors, Inc.,
its general partner
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
AURORA OVERSEAS EQUITY
PARTNERS I, L.P.
By: Aurora Overseas Capital Partners, L.P.,
its general partner
By: Aurora Overseas Advisors, Ltd.,
its general partner
By:
----------------------------------
Name:
------------------------------
Title:
-----------------------------
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