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EXHIBIT 4.15
AMENDMENT NO. 2 TO THE THIRD AMENDED
AND RESTATED STOCKHOLDERS' AGREEMENT
Amendment No. 2, dated as of December 14, 2000, to the Third
Amended and Restated Stockholders' Agreement, dated as of April 20, 1999, as
amended by Amendment No. 1, dated November 20, 2000 (the "Stockholders'
Agreement"), by and among the Company, the WCAS Purchasers, SBC Tower Holdings
LLC ("SBCT"), TPC, CIBC II, CIBC III, Caravelle, JHW II, JHW III, JHW Strategic
III, JHW Mezzanine, Clark, Tomick, Bryne, Waller, Kitty Hawk III, Xxxxx Xxxx XX,
Eagle Creek, Xxxxxx XX, NCEF, Lutkewich, Jackman, Eckert, Gupton, Price LP, and
Xxxxxx. Unless otherwise defined herein, defined terms shall have such meanings
ascribed to them in the Stockholders' Agreement.
WHEREAS, pursuant to the terms of that certain Agreement to
Sublease, dated as of August 25, 2000, by and among SBC Wireless, Inc. ("SBCW")
(for itself and on behalf of the Sublessor Entities), the Company and Southern
Towers, Inc. (the "SBC AGREEMENT"), SBCW or affiliates of SBCW have, subject to
the terms and conditions of the SBC Agreement, the right to receive shares of
Common Stock as more fully described in Section 3.2 of the SBC Agreement;
WHEREAS, SBCW has designated SBCT to receive all of the shares of
Common Stock to be issued by the Company under Section 3.2 of the SBC Agreement;
and
WHEREAS, pursuant to Section 18 of the Stockholders' Agreement,
the Company, the Stockholders and the SBCT desire to amend the Stockholders'
Agreement to admit the SBCT as a stockholder and make such amendments, in
connection therewith, as more particularly set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements contained herein, the parties hereby agree as follows:
1. Amendment of the "Stockholders" Definition.
The defined term "Stockholders" contained in the Stockholders'
Agreement is hereby amended to include SBC Tower Holdings LLC, a Delaware
limited liability company ("SBCT").
2. Amendment of Section 1(a)(i).
Section 1(a)(i) of the Stockholders' Agreement is hereby amended
in its entirety and replaced by the following:
"(i) An amendment to the by-laws of the Company to provide
that the authorized number of directors of the board of
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directors of the Company (the "Board") shall be established at
twelve (12) persons or, at the request of the holders of a
majority of the Common Stock then held by the WCAS Purchasers, to
increase the size of the Board, up to a maximum of fifteen (15)
persons;"
3. Amendment of Section 1(a)(ii)(d).
Section 1(a)(ii)(d) of the Stockholders' Agreement is hereby
amended in its entirety and replaced by the following:
"(d) one (1) director designated by SBCT and one representative of
SBCT who shall be entitled to attend, as a non-voting observer,
all meetings of the Board or any committee thereof and to receive
all notices, information, and other materials distributed to the
members of the Board or any such committee at the same time and in
the same manner as so distributed;".
4. Amendment to Section 2(iv).
Section 2(iv) of the Stockholders' Agreement is hereby amended by
deleting the word "or" at the end thereof.
5. Amendment to Section 2(v).
Section 2(v) of the Stockholders' Agreement is hereby amended by
adding the word "or" at the end thereof.
6. Amendment to Section 2.
Section 2 of the Stockholders' Agreement is hereby amended by
adding the following new subclause (vi) after subclause (v);
"(vi) in the event that the covenant set forth in Section
5.14 of the SBC Agreement is satisfied other than by the payment
of $25,000,000 in cash, any transfer by SBCT of up to an aggregate
of $25,000,000 of Common Stock issued to SBCT under Section 3.2(b)
of the SBC Agreement;"
7. Amendment of Section 10(b).
Section 10(b) of the Stockholders' Agreement is hereby amended by
inserting the following paragraph at the end thereof:
"The rights granted to SBCT pursuant to Section 1 shall
terminate as to SBCT on the earlier to occur of (i) the sale,
transfer
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or other disposition (including a disposition by a partnership to
its partners or a limited liability company to its members) by
SBCT of at least 50% of the shares of Capital Stock issued to SBCT
under the SBC Agreement or (ii) the ownership of Capital Stock
held by SBCT shall fall below 8% of the outstanding Capital Stock
of the Company. When calculating the number of shares of Capital
Stock issued to or owned by SBCT for purposes of the foregoing
sentence, SBCT will be treated as having been issued the following
number of shares of Capital Stock: (a) at all times prior to the
Final Closing (as defined in the SBC Agreement) the sum of (i)
14,291,997 and (ii) any additional shares of Capital Stock which
are actually issued to SBCT under Sections 3.2(e) and (f) of the
SBC Agreement; and (b) at all times from and after the Final
Closing, the actual number of shares issued to SBCT under the SBC
Agreement."
8. Amendment of Section 18.
Section 18 of the Stockholders' Agreement is hereby amended by
deleting the word "or" appearing before the word "TPC" in the proviso of the
first sentence and inserting a "comma" in place thereof; and by inserting the
phrase "or SBCT" before the phrase "to the extent any".
9. Continuing Effect of Stockholders' Agreement. This Amendment shall
not constitute an amendment or modification of any other provision of the
Stockholders' Agreement not expressly referred to herein. Except as expressly
amended or modified herein, the provisions of the Stockholders' Agreement are
and shall remain in full force and effect.
10. Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts and all such counterparts
shall be deemed to be one and the same instrument. Each party hereto confirms
that any facsimile copy of such party's executed counterpart of this Amendment
(or its signature page thereof) shall be deemed to be an executed original
thereof.
11. Governing Law. This Amendment shall be governed by, and
interpreted and construed in accordance with, the internal laws of the State of
Delaware, without regard to principles of conflicts of law.
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IN WITNESS WHEREOF, each of the parties hereto has executed this agreement, as
of the day and year first above written.
WELSH, CARSON, XXXXXXXX & XXXXX VIII, L.P.
By: WCAS VIII Associates, L.L.C.,
its General Partner
By: /s/ Xxxxxxxx X. Xxxxxx
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Name:
Title:
WCAS CAPITAL PARTNERS III, L.P.
By: WCAS CP III Associates, L.L.C.,
its General Partner
By: /s/ Xxxxxxxx X. Xxxxxx
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Name:
Title:
WCAS INFORMATION PARTNERS, L.P.
By: /s/ Xxxxxxxx X. Xxxxxx
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Name:
Title:
SBC TOWER HOLDINGS LLC
By: New Southwestern Xxxx Mobile Systems, Inc.,
its Managing Member
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Attorney-in-fact
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TOWER PARENT CORP.
By: /s/ Xxxxxx X Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: CEO, Nextel International
CIBC WG ARGOSY MERCHANT FUND 2, L.L.C.
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Managing Member
CO-INVESTMENT MERCHANT FUND 3, LLC
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Managing Member
CARAVELLE INVESTMENT FUND, L.L.C.
By: Caravelle Advisors, L.L.C., as its
Investment Manager and Attorney-in-Fact
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Managing Member
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WHITNEY EQUITY PARTNERS, L.P.
By: Whitney Equity Partners, LLC, its General
Partner
By: /s/ Xxxxxxx X. Xxxxx
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Name:
Title:
X.X. XXXXXXX III, L.P.
By: X.X. Xxxxxxx Equity Partners III, LLC, its
General Partner
By: /s/ Xxxxxxx X. Xxxxx
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Name:
Title:
WHITNEY STRATEGIC PARTNERS III, L.P.
By: X.X. Xxxxxxx Equity Partners III L.L.C., its
General Partner
By: /s/ Xxxxxxx X. Xxxxx
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Name:
Title:
WHITNEY MEZZANINE FUND L.P.
By: Xxxxxxx XX, LLC,
its General Partner
By: /s/ Xxxxxxx X. Xxxxx
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Name:
Title:
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Xxxxxxx X. Xxxxx
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Xxxxx X. Xxxxxx
XXXXXX XXXXXX MEDIA PARTNERS, L.P.
By: Xxxxxx Xxxxxx Media Partners, LLC, its
General Partner
By:
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Name:
Title:
KITTY HAWK CAPITAL LIMITED PARTNERSHIP, III
By: Kitty Hawk Partners Limited Partnership,
III, its General Partner
By:
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Name:
Title:
KITTY HAWK CAPITAL LIMITED PARTNERSHIP, IV
By: Kitty Hawk Partners LLC, IV, its General
Partner
By:
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Name:
Title:
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EAGLE CREEK CAPITAL, LLC
By:
---------------------------------------
Name:
Title:
XXXXXX FAMILY LIMITED PARTNERSHIP
By:
---------------------------------------
Name:
Title:
THE NORTH CAROLINA ENTERPRISE FUND, L.P.
By: The North Carolina Enterprise Corporation,
its General Partner
By:
---------------------------------------
Name:
Title:
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Xxxxxx X. Xxxxxxxxx
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Xxxx X. Xxxxxxx
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Xxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxxx
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THE PRICE FAMILY LIMITED PARTNERSHIP
By:
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Name:
Title:
XXXXXX XX
By:
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Name:
Title:
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Xxxxxxx Xxxxx
