Amendment No. 1 to Registration Rights Agreement between Blyth, Inc. and Robert B. Goergen
This amendment, dated March 12, 2004, modifies the Registration Rights Agreement between Blyth, Inc. and Robert B. Goergen. The amendment removes the right of Goergen's successors to require a public sale of certain securities to be underwritten by underwriters of their choice, as well as the company's related obligation to repurchase those securities if such underwriting cannot be arranged. All other terms of the original agreement remain unchanged.
Exhibit 10.7(a)
AMENDMENT NO 1, dated as of March 12, 2004, to the Registration Rights Agreement dated as of August 1, 2000, as amended (the Registration Rights Agreement), between Blyth. Inc., a Delaware corporation (the Company), and Robert B. Goergen (the Executive). Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as are ascribed thereto in the Registration Rights Agreement.
WHEREAS, the Company and the Executive desire to amend the Registration Rights Agreement so as to extinguish the right of the Successors to require that such public offer and sale of the Registrable Securities be firmly underwritten by underwriters selected by the Successors and the correlative obligation of the Company to buy back such Registrable Securities pursuant to Section 9 of the Employment Agreement if the Company and the Successors are unable to obtain the commitment of such underwriters to firmly underwrite the offer and sale of such Registrable Securities.
NOW, THEREFORE, the Company and the Executive hereby agree as follows:
1. Section 1.2(b) of the Registration Rights Agreement is hereby deleted in its entirety.
2. Except as amended hereby, the Registration Rights Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above.
| Blyth, Inc. | |||
|
| |||
|
| |||
| By: | /s/ Robert H. Barghaus |
| |
|
| Its: Chief Financial Officer | ||
|
| |||
|
| |||
| The Executive: | |||
|
| |||
|
| |||
| /s/ Robert B. Goergen |
| ||
| Robert B. Goergen | |||