EX-10.19 Amendment #2 to the Investors' Agreement

EX-10.19 2 b39250fsex10-19.txt EX-10.19 AMENDMENT #2 TO THE INVESTORS' AGREEMENT 1 EXHIBIT 10.19 AMENDMENT NO. 2 TO THE INVESTORS' AGREEMENT This Amendment No. 2, dated as of May 2, 2001 (this "Amendment No. 2"), as amended to the Amended and Restated Investors' Agreement, dated as of March 29, 1999 (the "Investors' Agreement"), among (i) Fisher Scientific International Inc. (the "Company"), (ii) Thomas H. Lee Equity Fund III, L.P. ("THL"), certain individuals associated with THL listed on Schedule I attached hereto, THL-CCI Limited Partnership ("THL-CCI"), THL Foreign Fund III, L.P. and THL FSI Equity Investors, L.P. ("THL/FSI" and collectively with THL, the individuals listed on Schedule I, THL-CCI, and THL Foreign Fund III, L.P., the "THL Entities"), (iii) DLJ Merchant Banking Partners II, L.P. ("DLJMB"), DLJ Offshore Partners II, C.V., DLJ Diversified Partners, L.P., DLJMB Funding II, Inc., DLJ Merchant Banking Partners II - A, L.P., DLJ Diversified Partners - A, L.P., DLJ Millennium Partners, L.P., DLJ Millennium Partners - A, L.P., UK Investment Plan 1997 Partners, DLJ EAB Partners, L.P., DLJ ESC II, L.P., and DLJ First ESC, L.P. (collectively the "DLJ Entities"), (iv) Chase Equity Associates, L.P. ("Chase Equity"), (v) Merrill Lynch KECALP L.P. 1997, KECALP INC., and ML IBK Positions, Inc. (collectively, the "Merrill Lynch Entities" and, together with each other entity listed in clauses (iii) and (iv), the "Institutional Shareholders" and, collectively with (ii), the "Equity Investors"), and (vi) certain other Persons listed on the signature pages hereof (including the trust pursuant to the Trust Agreement, dated of even date herewith, between the Company and Mellon Bank, N.A., as trustee (the "Rabbi Trust")) (the "Management Shareholders" and individually, along with the THL Entities, DLJ Entities, Chase Equity, and Merrill Lynch Entities, each a "Shareholder"). W I T N E S S E T H : WHEREAS, the parties hereto desire to amend the Investors' Agreement to clarify the parties' intention with respect to holdback agreements in connection with firmly Underwritten Public Offerings under Section 5.3 of the Investors' Agreement; WHEREAS, pursuant to Section 7.4(a) of the Investors' Agreement, the Board of Directors and the holders of at least 50% of the shares of Common Stock held by the parties to the Investors' Agreement at the time of this Amendment No. 2 are required to approve this Amendment No. 2; 2 WHEREAS, the Equity Investors collectively are holders of at least 50% of the shares of Common Stock held by the parties to the Investors' Agreement at the time of this Amendment No. 2; and WHEREAS, terms used herein but not otherwise defined herein shall have the respective meanings given such terms in the Investors' Agreement. NOW, THEREFORE, in consideration of the mutual promises and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows: The following shall be added to Section 5.3 of the Investors' Agreement as the second paragraph thereof: In the event that any or all of the Shareholders executes a lock-up agreement in favor of the underwriter or underwriters for an Underwritten Public Offering substantially consistent with the preceding paragraph (each, a "Lock-Up Agreement"), each Equity Investor that executes a Lock-Up Agreement agrees, and their Permitted Transferees will agree, that if it seeks a waiver of the Lock-Up Agreement (a "Waiver Request"), it will notify the other Shareholders that have executed a Lock-Up Agreement at least five days prior to making such Waiver Request that it intends to make a Waiver Request (the "Waiver Notice"). From the date of the Waiver Notice, each Shareholder shall have the right, exercisable by written notice given to the party making the Waiver Request within two Business Days, to request that the Waiver Request include Shares held by the Shareholder and if such a request is made, the Waiver Request shall include all Shares so requested to be included, provided that the Transfer of the Shares requested to be included in the Waiver Request would otherwise be permitted under this Agreement. If the underwriter or underwriters in whose favor the Lock-Up Agreement is given refuses to grant such Waiver Request for all Shares included therein, then each of the Equity Investors agrees, and their Permitted Transferees will agree, that all Lock-Up Agreements will continue in full force and effect. Notwithstanding the foregoing, a Waiver Request may be sought without seeking a waiver of the Lock-Up Agreement for other Shareholders by (1) any of the THL Entities for a Transfer set forth in Section 4.1(a)(ii) and (iv) hereof and (2) any Institutional Shareholder to Transfer Shares to a Permitted Transferee pursuant to Section 3.3(a) hereof. 2 3 This Amendment No. 2 may be executed in counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed by their respective authorized officers as of the day and year first above written. FISHER SCIENTIFIC INTERNATIONAL INC. By: /s/ Todd DuChane ----------------------------------------------- Name: Todd DuChane Title: 4 THL Equity Shareholders: THOMAS H. LEE EQUITY FUND III, L.P. By: THL Equity Advisors III Limited Partnership, as General Partner By: THL Equity Trust III, as General Partner By: /s/ Scott Sperling ----------------------------------------------- Name: Scott Sperling Title: THOMAS H. LEE FOREIGN FUND III, L.P. By: THL Equity Advisors III Limited Partnership, as General Partner By: THL Equity Trust III, as General Partner By: /s/ Scott Sperling ----------------------------------------------- Name: Scott Sperling Title: 5 THL FSI EQUITY INVESTORS, L.P. By: THL Equity Advisors III Limited Partnership, as General Partner By: THL Equity Trust III, as General Partner By: /s/ Scott Sperling ----------------------------------------------- Name: Scott Sperling Title: THL-CCI LIMITED PARTNERSHIP By: THL Investment Management Corp., as General Partner By: /s/ Scott Sperling ----------------------------------------------- Name: Scott Sperling Title: 6 DLJ Entities' Shareholders: DLJ MERCHANT BANKING PARTNERS II, L.P. By: DLJ Merchant Banking II, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal DLJ MERCHANT BANKING PARTNERS II-A, L.P. By: DLJ Merchant Banking II, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal DLJ OFFSHORE PARTNERS II, C.V. By: DLJ Merchant Banking II, Inc., as advisory general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal 7 DLJ DIVERSIFIED PARTNERS, L.P. By: DLJ Diversified Partners, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal DLJ DIVERSIFIED PARTNERS - A, L.P. By: DLJ Diversified Partners, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal DLJ MILLENNIUM PARTNERS, L.P. By: DLJ Merchant Banking II, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal 8 DLJ MILLENNIUM PARTNERS - A, L.P. By: DLJ Merchant Banking II, Inc., as managing general partner By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal DLJMB FUNDING II, INC. By: /s/ Michael Isikow ----------------------------------------------- Name: Michael Isikow Title: Principal UK INVESTMENT PLAN 1997 PARTNERS By: Donaldson, Lufkin & Jenrette Inc., as general partner By: /s/ Edward A. Poletti ----------------------------------------------- Name: Edward A. Poletti Title: Senior Vice President and Controller 9 DLJ EAB PARTNERS, L.P. By: DLJ LBO Plans Management Corporation, as managing general partner By: /s/ Edward A. Poletti ----------------------------------------------- Name: Edward A. Poletti Title: Senior Vice President and Controller DLJ ESC II, L.P. By: DLJ LBO Plans Management Corporation, as general partner By: /s/ Edward A. Poletti ----------------------------------------------- Name: Edward A. Poletti Title: Senior Vice President and Controller DLJ FIRST ESC, L.P. By: DLJ LBO Plans Management Corporation, as general partner By: /s/ Edward A. Poletti ----------------------------------------------- Name: Edward A. Poletti Title: Senior Vice President and Controller The address for each of the DLJ Entities listed above is: c/o DLJ Merchant Banking II, Inc. 277 Park Avenue New York, New York 10172 Fax: (212) 892-7272 10 CHASE EQUITY ASSOCIATES, L.P. By: Chase Capital Partners By: /s/ ----------------------------------------------- Name: Title: Address: 380 Madison Avenue New York, NY 10017 11 Merrill Lynch Entities: ML IBK POSITIONS, INC. By: /s/ Curtis W. Cariddi ----------------------------------------------- Name: Curtis W. Cariddi Title: Vice President KECALP INC. By: /s/ Edward J. Higgins ----------------------------------------------- Name: Edward J. Higgins Title: Vice President MERRILL LYNCH KECALP L.P. 1997 By: KECALP Inc., as general partner By: /s/ Edward J. Higgins ----------------------------------------------- Name: Edward J. Higgins Title: Vice President The address for each of the Merrill Lynch Entities listed above is: 225 Liberty Street, 31st Floor New York, NY 10080 Fax: (212) 236-3496 12 Individual Shareholders: By: /s/ David V. Harkins ----------------------------------------------- Name: David V. Harkins By: /s/ ----------------------------------------------- Name: The 1995 Harkins Gift Trust By: /s/ Thomas R. Shepherd ----------------------------------------------- Name: Thomas R. Shepherd Money Purchase Pension Plan By: /s/ Scott A. Schoen ----------------------------------------------- Name: Scott A. Schoen By: /s/ C. Hunter Boll ----------------------------------------------- Name: C. Hunter Boll By: /s/ Scott M. Sperling ----------------------------------------------- Name: Scott M. Sperling By: /s/ Scott M. Sperling ----------------------------------------------- Name: Sperling Family Limited Partnership By: /s/ Anthony J. DiNovi ----------------------------------------------- Name: Anthony J. DiNovi By: /s/ Thomas M. Hagerty ----------------------------------------------- Name: Thomas M. Hagerty 13 By: /s/ Warren C. Smith, Jr. ----------------------------------------------- Name: Warren C. Smith, Jr. By: /s/ Seth W. Lawry ----------------------------------------------- Name: Seth W. Lawry By: /s/ Joseph J. Incandela ----------------------------------------------- Name: Joseph J. Incandela By: /s/ Kent R. Weldon ----------------------------------------------- Name: Kent R. Weldon By: /s/ Terrence M. Mullen ----------------------------------------------- Name: Terrence M. Mullen By: /s/ Todd M. Abbrecht ----------------------------------------------- Name: Todd M. Abbrecht By: /s/ Wendy L. Masler ----------------------------------------------- Name: Wendy L. Masler By: /s/ Wendy L. Masler ----------------------------------------------- Name: THL-CCI Limited Partnership By: Wendy L. Master Title: Vice President By: /s/ Andrew D. Flaster ----------------------------------------------- Name: Andrew D. Flaster 14 By: /s/ ----------------------------------------------- Name: First Trust Co. FBO Kristina A. Watts By: /s/ Charles Robins ----------------------------------------------- Name: Charles Robins By: /s/ James Westra ----------------------------------------------- Name: James Westra By: /s/ Charles A. Brizius ----------------------------------------------- Name: Charles A. Brizius 15 SCHEDULE I CERTAIN NAMED INDIVIDUAL SHAREHOLDERS OF THL David V. Harkins The 1995 Harkins Gift Trust Thomas R. Shepherd Money Purchase Pension Plan (Keogh) Scott A. Schoen C. Hunter Boll Scott M. Sperling Sperling Family Limited Partnership Anthony J. DiNovi Thomas M. Hagerty Warren C. Smith, Jr. Seth W. Lawry Joseph J. Incandela Kent R. Weldon Terrence M. Mullen Todd M. Abbrecht Wendy L. Masler Andrew D. Flaster First Trust Co. FBO Kristina A. Watts Charles W. Robins James Westra Charles A. Brizius