Amendment No. 1 to Contribution Agreement among EMP Merger Corporation and Amending Transferors

Contract Categories: Business Finance › Contribution Agreements
Summary

This amendment, dated April 14, 2003, updates the original Contribution Agreement between EMP Merger Corporation and several investment entities, including Thomas H. Lee funds and Evercore Capital Partners. The amendment changes a specific dollar amount in the agreement, replaces certain schedules, and clarifies that all references to the original agreement now refer to the amended version. The amendment is effective upon signing by the parties holding a majority of shares issuable under the agreement. All other terms of the original agreement remain unchanged.

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EX-2.4 6 dex24.txt AMENDMENT NO. 1 TO THE CONTRIBUTION AGREEMENT EXHIBIT 2.4 EXECUTION COPY AMENDMENT NO. 1 TO THE CONTRIBUTION AGREEMENT AMENDMENT NO. 1 TO THE CONTRIBUTION AGREEMENT THIS AMENDMENT NO.1 TO THE CONTRIBUTION AGREEMENT is made as of April 14, 2003 (this "Amendment") by and among EMP Merger Corporation, a Delaware corporation (the "Company") and the persons set forth on the signature pages hereto as "Amending Transferors" (the "Amending Transferors"), and amends that certain Contribution Agreement dated as of February 24, 2003 (the "Contribution Agreement"), by and among the Company and the Transferors named therein. Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Contribution Agreement. WHEREAS, the Company and the Amending Transferors are parties to the Contribution Agreement; WHEREAS, the Company and the Amending Transferors wish to amend the Contribution Agreement; WHEREAS, pursuant to Section 5.1 of the Contribution Agreement, all amendments to or waivers of any provision of the Contribution Agreement may be made by a written instrument signed by (i) the Company and (ii) Transferors entitled to a majority of the shares of Company Common Stock issuable under the Contribution Agreement; and WHEREAS, the Amending Transferors are entitled to a majority of the shares of Company Common Stock issuable under the Contribution Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 1. Amendments to Contribution Agreement. Upon execution hereof, the Contribution Agreement shall be amended as follows: (a) Section 1.3(b) shall be amended by replacing the reference to "$435,058,272" with "$434,567,957.15." (b) Schedule A, Schedule B and Schedule C to the Contribution Agreement shall be deleted in their entirety and replaced with Schedule A, Schedule B and Schedule C, respectively. 2. References to the Contribution Agreement. All references in the Contribution Agreement to "this Agreement," and to all other words referring to the Contribution Agreement (such as "herein," "hereto," "herewith" and "hereunder"), shall be deemed to mean and refer to the Contribution Agreement, as amended by this Amendment. 3. Effectiveness of Amendment. This Amendment has been executed, in accordance with the terms of Section 5.1 of the Contribution Agreement, by the Company and the Amending Transferors and shall become effective upon execution. 4. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware. 5. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 6. Facsimile Signatures. Any signature page delivered by a fax machine or telecopy machine shall be binding to the same extent as an original signature page, with regard to any agreement subject to the terms hereof or any amendment thereto. Any party who delivers such a signature page agrees to later deliver an original counterpart to any party which requests it. 7. Entire Agreement. This Amendment, the Contribution Agreement, the Merger Agreement and the terms and provisions hereof and thereof constitute the entire agreement among the parties pertaining to the subject matter hereof and thereof and supersede any and all prior or contemporaneous agreements relating to the subject matter hereof or thereof. Except as expressly amended hereby, the Contribution Agreement shall remain unchanged and in full force and effect. To the extent any terms or provisions of this Amendment conflict with those of the Contribution Agreement, the terms and provisions of this Amendment shall control. This Amendment shall be deemed part of and is hereby incorporated into the Contribution Agreement. [Remainder of Page Intentionally Left Blank] 2 EXECUTION COPY AMENDMENT NO. 1 TO THE CONTRIBUTION AGREEMENT Counterpart Signature Page IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Contribution Agreement to be duly executed by as of the day and year first above-written. EMP MERGER CORPORATION By: /s/ Anthony J. DiNovi ---------------------------- Name: Anthony J. DiNovi Title: President AMENDING TRANSFERORS: THOMAS H. LEE EQUITY FUND V, L.P. By: THL Equity Advisors V, LLC, its general partner By: Thomas H. Lee Partners, L.P., its sole member By: Thomas H. Lee Advisors, LLC, its general partner /s/ Anthony J. DiNovi ------------------------------ Name: Anthony J. DiNovi Principal Managing Director THOMAS H. LEE PARALLEL FUND V, L.P. By: THL Equity Advisors V, LLC, its general partner By: Thomas H. Lee Partners, L.P., its sole member By: Thomas H. Lee Advisors, LLC, its general partner /s/ Anthony J. DiNovi ------------------------------ Name: Anthony J. DiNovi Principal Managing Director THOMAS H. LEE EQUITY (CAYMAN) FUND V, L.P. By: THL Equity Advisors V, LLC, its general partner By: Thomas H. Lee Partners, L.P., its sole member By: Thomas H. Lee Advisors, LLC, its general partner /s/ Anthony J. DiNovi ------------------------------ Name: Anthony J. DiNovi Principal Managing Director PUTNAM INVESTMENTS HOLDINGS, LLC By: /s/ Wiliam Woolverton ---------------------------- Name: William Woolverton Title: PUTNAM INVESTMENTS EMPLOYEES' SECURITIES COMPANY I LLC By: /s/ Wiliam Woolverton ---------------------------- Name: William Woolverton Title: PUTNAM INVESTMENTS EMPLOYEES' SECURITIES COMPANY II LLC By: /s/ Wiliam Woolverton ---------------------------- Name: William Woolverton Title: 1997 THOMAS H. LEE NOMINEE TRUST By: US Bank, N.A. (successor to State Street Bank and Trust Company), not personally, but solely as Trustee under the 1997 Thomas H. Lee Nominee Trust By: /s/ Gerald R. Wheeler ---------------------------- Name: Gerald R. Wheeler Title: Vice President THOMAS H. LEE INVESTORS LIMITED PARTNERSHIP By: THL Investment Management Corp., its general partner By: /s/ Thomas H. Lee -------------------------------------- Thomas H. Lee, Chief Executive Officer EVERCORE CAPITAL PARTNERS (NQ) L.P. By: Evercore Partners L.L.C., its General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member EVERCORE CAPITAL OFFSHORE PARTNERS L.P. By: Evercore Partners L.L.C., its Investment General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member By: Evercore Offshore Partners Ltd., its Administrative General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Director EVERCORE CO-INVESTMENT PARTNERSHIP L.P. By: Evercore Co-Investment GP L.L.C., its General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member By: Evercore Partners L.L.C., its Managing Member By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member EVERCORE CAPITAL PARTNERS L.P. By: Evercore Partners L.L.C., its General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member EVERCORE CAPITAL PARTNERS II L.P. By: Evercore Partners II L.L.C., its General Partner By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member EVERCORE CO-INVESTMENT PARTNERSHIP II L.P. By: Evercore Co-Investment GP II L.L.C., its General Partner By: Evercore Partners II L.L.C., its Managing Member By: /s/ Saul Goodman ---------------------------- Name: Saul Goodman Title: Managing Member SCHEDULE A
Name and Address of Interests Class and Number of Interests Number of shares of Transferor Contributed Company Stock Issuable - ----------------------------------------------------------------------------------------------------------- Evercore Capital Partners L.P. 2,480.821 Class A Units 3,982.39347 75.501 Class A-1 Units 121.19941 554.418 Class H Units 933.53114 - ----------------------------------------------------------------------------------------------------------- Evercore Capital Partners (NQ) L.P. 2,310.024 Class A Units 3,708.21707 70.385 Class A-1 Units 112.98763 516.266 Class H Units 869.29032 - ----------------------------------------------------------------------------------------------------------- Evercore Capital Offshore Partners L.P. 679.028 Class A Units 1,090.02460 20.640 Class A-1 Units 33.13231 151.745 Class H Units 255.50828 - ----------------------------------------------------------------------------------------------------------- Evercore Co-Investment Partnership L.P. 750.125 Class A Units 1,204.15484 - ----------------------------------------------------------------------------------------------------------- DJP 614.251 Class E Units 560.872159 - ----------------------------------------------------------------------------------------------------------- BG Media Investors, L.P. 12,458.946 Class A Units 20,000.000000 - ----------------------------------------------------------------------------------------------------------- Weider Health and Fitness, LLC 6,361.116 Class H Units 10,710.864757 - ----------------------------------------------------------------------------------------------------------- Weider Interactive Networks, Inc. 64.001 Class H Units 107.765343 - ----------------------------------------------------------------------------------------------------------- Mark Brockelman 6.000 Class F Units 10.506830 - ----------------------------------------------------------------------------------------------------------- David Enberg 6.000 Class F Units 10.506830 - ----------------------------------------------------------------------------------------------------------- Richard Millen 60.000 Class F Units 105.068301 - ----------------------------------------------------------------------------------------------------------- Mary Ann Norborn 15.000 Class F Units 26.267075 - ----------------------------------------------------------------------------------------------------------- Marc Rupp 15.000 Class F Units 26.267075 - ----------------------------------------------------------------------------------------------------------- Richard Taylor 2.000 Class F Units 3.502277 - -----------------------------------------------------------------------------------------------------------
SCHEDULE B
Name and Address of Cash Class Contribution Number of shares of Transferor Contributed Company Stock Issuable - ----------------------------------------------------------------------------------------------------------- Thomas H. Lee Equity Fund V, L.P. $ 230,325,404.59 230,325.40459 - ----------------------------------------------------------------------------------------------------------- Thomas H. Lee Parallel Fund V, L.P. $ 59,760,210.00 59,760.21000 - ----------------------------------------------------------------------------------------------------------- Thomas H. Lee Equity (Cayman) Fund V, L.P. $ 3,173,566.00 3,173.56600 - ----------------------------------------------------------------------------------------------------------- Putnam Investments Holdings, LLC $ 1,799,244.00 1,799.24400 - ----------------------------------------------------------------------------------------------------------- Putnam Investments Employees' Securities $ 1,546,531.00 1,546.53100 Company I LLC - ----------------------------------------------------------------------------------------------------------- Putnam Investments Employees' Securities $ 1,380,831.00 1,380.83100 Company II LLC - ----------------------------------------------------------------------------------------------------------- 1997 Thomas H. Lee Nominee Trust $ 590,866.00 590.86600 - ----------------------------------------------------------------------------------------------------------- Thomas H. Lee Investors Limited Partnership $ 271,336.00 271.33600 - ----------------------------------------------------------------------------------------------------------- Evercore Capital Partners II L.P. $ 97,059,246.10 97,059.24610 - ----------------------------------------------------------------------------------------------------------- Evercore Co-Investment Partnership II L.P. $ 1,160,722.46 1,160.72246 - ----------------------------------------------------------------------------------------------------------- PPM America Private Equity Fund L.P. $ 20,000,000.00 20,000 - ----------------------------------------------------------------------------------------------------------- The Equitable Life Assurance Society of $ 5,000,000.00 5,000 the Unites States - ----------------------------------------------------------------------------------------------------------- Pioneer Gate Acquisition LLC $ 12,500,000.00 12,500 - ----------------------------------------------------------------------------------------------------------- AGGREGATE CASH CONTRIBUTION AMOUNT $ 434,567,957.15 ================= - ----------------------------------------------------------------------------------------------------------- AGGREGATE SHARES OF COMPANY COMMON STOCK 434,567.95715 ============= - -----------------------------------------------------------------------------------------------------------
SCHEDULE C Evercore Capital Partners L.P. and affiliates $ 174,435,719.24 Tandem Journalism Investment, L.P. $ 65,576,978.15 Circulation, LLC $ 45,620,762.49 JP Morgan Partners (BCHA), L.P. $ 49,253,241.60 BG Media Investors, L.P. $ 20,131,807.15 BG Media Intermediate Fund, L.P. $ 852,399.58 DB Capital Investors, L.P. $ 16,393,040.58 BancBoston Investments Inc. $ 9,039,187.66 Caravelle Investment Fund, L.L.C. $ 8,026,361.43 Suchet Holdings, L.L.C. $ 5,797,521.00 David J. Pecker $ 10,724,902.76 Other Management $ 5,716,035.51 Aggregate Cash Merger Consideration $ 411,567,957.15 =================