AMENDMENT NO. 4 TO REGISTRATION RIGHTS AGREEMENT
Exhibit 10.3
AMENDMENT NO. 4
TO
REGISTRATION RIGHTS AGREEMENT
AMENDMENT NO. 4 TO REGISTRATION RIGHTS AGREEMENT (this Amendment), dated as of May 13, 2008, made among ITC^DeltaCom, Inc., a Delaware corporation (the Company), and each person listed on the signature pages hereof under the heading WCAS Securityholders.
WITNESSETH:
WHEREAS, the parties to this Amendment wish to amend the Registration Rights Agreement, dated as of October 6, 2003 and amended as of December 4, 2003, July 26, 2005 and July 31, 2007 (the Agreement), among the Company, the persons listed on the signature pages thereof under the heading WCAS Securityholders and the other parties to such agreement, as hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and the mutual covenants and conditions hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1. Effectiveness. This Amendment shall be effective as of the date set forth in the preamble of this Amendment.
2. Amendment to Section 1 of Agreement. The definition of TCP Registration Rights Agreement set forth in Section 1 of the Agreement is hereby amended and restated in its entirety to read as follows:
TCP Registration Rights Agreement means the Registration Rights Agreement, dated as of July 26, 2005, as amended as of July 31, 2007 and May 13, 2008, among the Company and the other Persons listed on the signature pages thereof.
3. Amendment to Section 15 of Agreement. The second sentence of Section 15 of the Agreement is hereby amended and replaced in its entirety to read as follows:
The Holders agree for purposes of this Section 15 that the TCP Registration Rights Agreement is not inconsistent with the rights of the Holders hereunder.
4. Miscellaneous. This Amendment shall not constitute an amendment or modification of any provision of the Agreement not expressly referred to herein. Except as expressly set forth in this Amendment, the terms, provisions and conditions of the Agreement shall remain unchanged and in full force and effect. This Amendment may be executed in counterparts, all of which shall together constitute a single agreement.
5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT
OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth in the first paragraph hereof.
COMPANY: | ||
ITC^DELTACOM, INC. | ||
By: | /s/ J. Thomas Mullis | |
Name: | J. Thomas Mullis | |
Title: | Senior Vice President Legal and Regulatory |
WCAS SECURITYHOLDERS: | ||
WCAS CAPITAL PARTNERS III, L.P. | ||
By: | WCAS CP III Associates L.L.C., General Partner | |
By: | /s/ Jonathan M. Rather | |
Name: | Jonathan M. Rather | |
Title: | Managing Member | |
WELSH, CARSON, ANDERSON & STOWE VIII, L.P. | ||
By: | WCAS VIII Associates LLC, General Partner | |
By: | /s/ Jonathan M. Rather | |
Name: | Jonathan M. Rather | |
Title: | Managing Member |
Individual investors and trusts: | ||
By: | /s/ Jonathan M. Rather | |
Jonathan M. Rather, as Attorney-in-fact for the individual investors listed below: | ||
Patrick J. Welsh | ||
Russell L. Carson | ||
Bruce K. Anderson | ||
Andrew M. Paul | ||
Thomas E. McInerney | ||
Robert A. Minicucci | ||
Anthony J. de Nicola | ||
Paul B. Queally | ||
D. Scott Mackesy | ||
Sanjay Swani | ||
James Matthews | ||
Laura VanBuren | ||
Sean Traynor | ||
John Almeida | ||
Eric J. Lee | ||
Jonathan M. Rather | ||
IRA f/b/o James Matthews | ||
IRA f/b/o Jonathan M. Rather |
/s/ Jill A. Hanau | ||
Jill A. Hanau | ||
Other trusts: | ||
The Bruce K. Anderson 2004 Irrevocable Trust | ||
By: | /s/ Mary Anderson | |
Name: | Mary Anderson | |
Title: | Trustee | |
The Patrick Welsh 2004 Irrevocable Trust | ||
By: | /s/ Carol A. Welsh | |
Name: | Carol A. Welsh | |
Title: | Trustee | |
Patrick J. Welsh Tr UA 05 09 05 | ||
By: | /s/ Patrick Welsh | |
Name: | Patrick Welsh | |
Title: | Trustee |