Amendment No. 2 to Management Stockholders Agreement by and among PVF Holdings LLC, McJunkin Red Man Holding Corporation, and Others
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Summary
This amendment updates the Management Stockholders Agreement among PVF Holdings LLC, McJunkin Red Man Holding Corporation, and other parties. Effective December 26, 2007, it modifies the definition of 'Affiliate' in the agreement to include Red Man Distributors LLC. The amendment is approved by stockholders holding a majority of the company's outstanding common stock and is governed by Delaware law.
EX-10.22.2 54 y63862a1exv10w22w2.htm EX-10.22.2 EX-10.22.2
Exhibit 10.22.2
AMENDMENT NO. 2
TO THE
MANAGEMENT STOCKHOLDERS AGREEMENT
This Amendment No. 2 (this Amendment) to the Management Stockholders Agreement by and among PVF Holdings LLC (formerly known as McJ Holding LLC), a Delaware limited liability company (the McJ Holding LLC), McJunkin Red Man Holding Corporation (formerly known as McJ Holding Corporation), a Delaware corporation (the Company), and the other parties thereto, dated as of March 27, 2007 and amended on December 21, 2007 (as amended, the Agreement) is effective as of December 26, 2007.
WHEREAS, pursuant to Section 10 of the Agreement, except as otherwise provided therein, no modification, amendment or waiver of any provision of the Agreement shall be effective unless such modification, amendment or waiver is approved in writing by Stockholders (as defined in the Agreement) holding a majority of the then outstanding common stock of the Company, par value $0.01 per share (the Common Stock); and
WHEREAS, the Stockholders holding of a majority of the outstanding Common Stock consent to the adoption and approval of this Amendment as of the date hereof.
1. Amendment.
1.1. The definition of Affiliate in Section 1 of the Agreement is hereby amended to add the following to the end of the definition:
and (ii) Red Man Distributors LLC.
2. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the state of Delaware.
IN WITNESS WHEREOF, the undersigned has executed this Amendment, effective as of the date first above written.
PVF HOLDINGS LLC | ||||
By: | /s/ J.F. UNDERHILL | |||
Name: J.F. Underhill | ||||
Title: CFO | ||||