Amendment to Stockholders' Agreement among J. Crew Group, Inc., Emily Woods, and TPG Partners II, L.P. (June 11, 1998)
This amendment updates the Stockholders' Agreement dated October 17, 1997, between J. Crew Group, Inc., Emily Woods, and TPG Partners II, L.P. It changes the board composition rules so that, while Mr. Joshua Weston serves as a director, the board may have up to eleven members instead of ten. References in the agreement to board size and director numbers are adjusted accordingly. The amendment is effective upon acceptance by the parties.
Exhibit 4.4(c)
TPG Partners II, L.P.
600 California Street
Suite 800
San Francisco, CA 94108
June 11, 1998
Ms. Emily Woods
227 West 17th Street
8th Floor
New York, NY 10013
Dear Emily:
Pursuant to Section 10 of the Stockholders’ Agreement (the “Agreement”) among J. Crew Group, Inc. (the “Company”), Emily Woods and TPG Partners II, L.P. (“TPG”), dated October 17, 1997, Section 4(b) of the Agreement is hereby amended by adding the following new sentence to the end of Section 4(b):
Notwithstanding the foregoing, for as long as Mr. Joshua Weston serves as a member of the Board there shall be a maximum of eleven members of the Board and references to the “remaining four members of the Board” and to the “four additional directors” shall be changed to the “remaining five members of the Board” and the “five additional directors”, respectively, and the reference to a “total of ten directors” shall be changed to a “total of eleven directors”.
If you agree with the foregoing, please sign below on behalf of yourself and on behalf of the Company.
| Very truly yours, |
| /s/ James Coulter |
| James Coulter Principal, TPG Partners II, L.P. |
Agreed and Accepted:
| /s/ Emily Woods |
| Emily Woods, in her capacity as a party to the Stockholders’ Agreement |
| /s/ Emily Woods |
| Emily Woods |
