AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT Dated as of May19, 2004

EX-10.2(C) 2 dex102c.htm AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT Amendment No. 7 to Securities Purchase Agreement

Exhibit 10.2(c)

 

AMENDMENT NO. 7 TO

SECURITIES PURCHASE AGREEMENT

 

Dated as of May 19, 2004

 

Reference is hereby made to the Securities Purchase Agreement, dated as of July 17, 2000, by and among MetroPCS, Inc., a Delaware corporation (“MetroPCS”), the subsidiaries of MetroPCS listed on Schedule 2 thereto (collectively, the “Subsidiaries”) and each of the Purchaser listed on Schedule 1 thereto (collectively, together with their successors and assigns, the “Purchasers”), as amended by Amendment No. 1 thereto dated as of November 13, 2000, as further amended by Amendment No. 2 thereto dated as of December 12, 2000, as further amended by Amendment No. 3 thereto dated as of December 19, 2000, as further amended by Amendment No. 4 thereto dated as of January 4, 2001, as further amended by Amendment No. 5 thereto dated as of January 9, 2001, as further amended by Amendment No. 6 thereto dated as of November 3, 2003. Such Securities Purchase Agreement, as so amended, is referenced herein as the “Agreement”.

 

This Amendment No. 7 to the Agreement dated as of the date first set forth above (this “Amendment No. 7”) among MetroPCS, the Subsidiaries and each of the Purchasers is entered into pursuant to Section 9.4 of the Agreement for the purpose of modifying and/or adding certain provisions of and to the Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement, including Annex A thereto.

 

NOW, THEREFORE, in consideration of the mutual agreements contained in this Amendment No. 7, the parties hereto agree as follows:

 

ARTICLE 1 AMENDMENTS TO AGREEMENT

 

Section 1.1 Covenants of the Company. The introductory sentence appearing immediately before Section 7.1 of the Agreement is hereby amended and restated in its entirety as follows:

 

“So long as any shares of Preferred Stock remain issued and outstanding, the Company covenants with the Purchasers as follows:”

 

Section 1.2 Board of Directors. Section 7.10 of the Agreement is hereby amended and restated in its entirety to read as follows:

 

“Section 7.10 Board of Directors. The Company will take no action to increase the size of the Board of Directors to more than nine (9) directors or to decrease the number of directors which the holders of the Preferred Stock are entitled to nominate, in each case, without the prior written consent of holders of at least 66 2/3% of the issued and outstanding shares of Preferred Stock.”

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – Page 1


Section 1.3 Termination. Article IX of the Agreement is hereby amended by adding the following Section 9.15 at the end thereof:

 

“Section 9.15 Termination of Certain Provisions upon an Initial Public Equity Offering. With the exception of Article IX hereof, the provisions of this Agreement shall terminate and be of no further force or effect upon an Initial Public Equity Offering.”

 

Section 1.4 Certain Defined Terms.

 

(a) The definition of the terms “Qualified Public Offering” and “Qualifying Public Offering” set forth in Annex A to the Agreement is hereby deleted in its entirety.

 

(b) The definition of the term “Initial Public Equity Offering” set forth in Annex A to the Agreement is hereby amended and restated in its entirety to read as follows:

 

“‘Initial Public Equity Offering’ means a firm commitment underwritten initial sale to the public of common stock of the Company (or a parent corporation holding all of the issued and outstanding shares of the capital stock of the Company) by underwriter(s) of national standing pursuant to an effective registration statement under the Securities Act (other than on Form S-8 or any other form relating to securities issuable under any benefit plan of the Company or such parent corporation).”

 

Section 1.5 Effectiveness of Amendment No. 7. Subject to Section 9.4 of the Agreement, this Amendment No. 7 shall be effective as of the date first set forth above.

 

ARTICLE 2 MISCELLANEOUS

 

Section 2.1 Ratification & Conflicts. The Agreement as supplemented by this Amendment No. 7 is ratified and confirmed, and shall remain in full force and effect. In the event of any conflict between the terms of the Agreement and this Amendment No. 7, the terms and provisions of this Amendment No. 7 shall govern and control.

 

Section 2.2 Governing Law. THIS AMENDMENT NO. 7 SHALL BE GOVERNED BY, CONSTRUED IN ACCORDANCE WITH, AND ENFORCED UNDER, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS OR INSTRUMENTS ENTERED INTO AND PERFORMED ENTIRELY WITHIN SUCH STATE.

 

Section 2.3 Further Assurances. Each of the parties covenants and agrees to take all such actions and to execute all such documents as may be necessary or advisable to implement the provisions of this Amendment No. 7 fully and effectively and to make them binding on the parties hereto.

 

Section 2.4 Counterparts. This Amendment No. 7 may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.

 

Signature Pages Follow

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – Page 2


IN WITNESS WHEREOF, this AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT has been executed by the parties hereto as of the date first set forth above.

 

METROPCS, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
METROPCS WIRELESS, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
METROPCS, CALIFORNIA/FLORIDA, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
METROPCS CHICO, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
METROPCS GEORGIA, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


GWI PCS1, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS2, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS3, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS4, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS5, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


GWI PCS6, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS7, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS8, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS9, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS10, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


GWI PCS11, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS12, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS13, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
GWI PCS14, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer
REAUCTION, INC.
By:  

/s/ Roger D. Linquist


    Roger D. Linquist
    President and Chief Executive Officer

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


                PURCHASERS:

 

ACCEL VII L.P.

By:   Accel VII Associates L.L.C.
    Its General Partner
By:  

/s/ Tracy Sedlock


    Attorney-in-Fact

ACCEL INTERNET FUND III L.P.

By:   Accel Internet Fund III Associates L.L.C.
    Its General Partner
By:  

/s/ Tracy Sedlock


    Attorney-in-Fact

ACCEL INVESTORS ’99 L.P.

By:  

/s/ Tracy Sedlock


    Attorney-in-Fact

ACP FAMILY PARTNERSHIP L.P.

By:  

/s/ Arthur C. Patterson


    General Partner
Elimore C. Patterson Partners
By:  

/s/ Arthur C. Patterson


    Arthur C. Patterson
    General Partner

AUCHINCLOSS, WADSWORTH & CO. LP

By:  

/s/ Eliot Wadsworth II


    Eliot Wadsworth II
    Managing Partner

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


JPMORGAN CHASE BANK, AS TRUSTEE OF
THE BP MASTER TRUST FOR EMPLOYEE
PENSION PLAN
By:  

/s/ Peter Owen


    Peter Owen
    Vice President
BANC OF AMERICA CAPITAL INVESTORS SBIC, LP
By:  

/s/ George E. Morgan, III


    George E. Morgan, III
    Managing Director
ROBERT G. BARRETT
By:  

/s/ R. G. Barrett


     
RALPH BARUCH REVOCABLE TRUST
By:  

/s/ Ralph M. Baruch


    Ralph M. Baruch
BERKELEY INVESTMENTS, LTD
By:  

/s/ Kishore Mirchandani


    Kishore Mirchandani
    Authorised Signatory
CLARITY PARTNERS, L.P.
By:  

/s/ Barry Porter


    Barry Porter
    Managing General Partner

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


COLUMBIA CAPITAL EQUITY PARTNERS III
(QP), L.P.
By:   Columbia Capital Equity Partners III, L.P.
By:  

/s/ Donald A. Doering


    Donald A. Doering
    CFO
COLUMBIA CAPITAL EQUITY PARTNERS III (CAYMAN), L.P.
By:   Columbia Capital Equity Partners (Cayman)
    III, Ltd.
By:  

/s/ Donald A. Doering


    Donald A. Doering
    CFO
COLUMBIA CAPITAL EQUITY PARTNERS III (AI), L.P.
By:   Columbia Capital Equity Partners III, L.P.
By:  

/s/ Donald A. Doering


    Donald A. Doering
    CFO
COLUMBIA CAPITAL INVESTORS III, LLC
By:   Columbia Capital III, LLC
By:  

/s/ Donald A. Doering


    Donald A. Doering
    CFO

COLUMBIA CAPITAL EMPLOYEE

INVESTORS III, LLC

By:   Columbia Capital Equity Partners III, LP
By:  

/s/ Donald A. Doering


    Donald A. Doering
    CFO

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


HELEN MARTIN SPALDING 1997
IRREVOCABLE TRUST
By:  

/s/ Peter M. Folger


    Peter M. Folger
    Trustee
LECKWITH PROPERTY LTD.
By:   INVESCO Private Capital Inc.
    as investment manager and attorney-in-fact
By:  

/s/ Parag Saxena


     
EVERMORE CORPORATION
By:   INVESCO Private Capital, Inc., as investment
    manager and attorney in-fact
By:  

/s/ Parag Saxena


     
TRENDLY INVESTMENTS
By:   INVESCO Private Capital Inc.
    as investment manager and attorney-in-fact
By:  

/s/ Parag Saxena


     
KME Venture III, L.P.
By:   INVESCO Private Capital Inc.
    as investment manager and attorney-in-fact
By:  

/s/ Parag Saxena


     

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


WONG, SHIM YEE SHIRLEY

By:

 

INVESCO Private Capital, Inc.,

   

as investment manager and attorney-in-fact

By:

 

/s/ Parag Saxena


     

MICHAEL WALL

By:

 

INVESCO Private Capital, Inc.,

   

as investment manager and attorney-in-fact

By:

 

/s/ Parag Saxena


     

CHEER IDYLL PROPERTY LTD.

By:

 

INVESCO Private Capital, Inc.,

   

as investment manager and attorney-in-fact

By:

 

/s/ Parag Saxena


     

DRAKE & CO.

By:

 

/s/ John Cushman


   

John Cushman

   

VP Operations

JP MORGAN CHASE AS TRUSTEE

FOR FIRST PLAZA GROUP TRUST

By:

 

/s/ Mark Pinsky


   

Mark Pinsky

   

Assistant Vice President

     

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


BARRY B. LEWIS

By:

 

/s/ Barry B. Lewis


     

JOHN S. LEWIS

By:

 

/s/ John S. Lewis


     

CHESTNUT STREET PARTNERS, INC.

By:

 

/s/ James F. Wade


   

James F. Wade

M/C VENTURE INVESTORS, L.L.C.

By:

 

/s/ James F. Wade


   

James F. Wade

M/C VENTURE PARTNERS IV, L.P.

By:

 

/s/ James F. Wade


   

James F. Wade

M/C VENTURE PARTNERS V, L.P.

By:

 

/s/ James F. Wade


   

James F. Wade

JOSEPH T. MCCULLEN, JR.

By:

 

/s/ Joseph T. McCullen


   

Joseph T. McCullen

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


METRO PCS INVESTORS, LLC

By:

 

/s/ Gregg W. Ritchie


   

Gregg W. Ritchie

   

Chief Financial Officer

DONALD R. MULLEN, JR.

By:

 

/s/ Donald R. Mullen, Jr.


     

ONE LIBERTY FUND III LP

By its GP, One Liberty Partners III, LP

By:

 

/s/ Edwin M. Kania, Jr.


   

Edwin M. Kania, Jr.

   

General Partner

PARAGON VENTURE PARTNERS II, L.P.

Paragon Venture Management Company II, L.P.

By:

 

/s/ John S. Lewis


   

John S. Lewis.

   

General Partner

PRIMUS CAPITAL FUND V LIMITED PARTNERSHIP

By:

 

Primus Venture Partners V, L.L.C., its General

   

Partner

By:

 

/s/ William C. Mulligan


   

William C. Mulligan

   

Executive Vice President

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


PRIMUS EXECUTIVE FUND V LIMITED PARTNERSHIP

By:

 

Primus Venture Partners V, L.L.C., its General

   

Partner

By:

 

/s/ William C. Mulligan


   

William C. Mulligan

   

Executive Vice President

PRIMUS CAPITAL FUND III LIMITED PARTNERSHIP

By:

 

Primus Venture Partners III Limited

   

Partnership, its General Partner

By:

 

Primus Venture Partners, Inc., its General

   

Partner

By:

 

/s/ William C. Mulligan


   

William C. Mulligan

   

Executive Vice President

SF PARTNERSHIP

By:

 

/s/ James Shapiro


   

James Shapiro

   

Partner

SANI HOLDINGS LTD.

By:

 

/s/ Ishwar Sani


   

Ishwar Sani

   

President/Director

STEVEN SCARI

By:

 

/s/ Steven Scari


     

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


DAVID SCHOENTHAL

By:

 

/s/ David Schoethal


   

David Schoenthal

JOHN SCULLEY AND LEE ADAMS SCULLEY

By:

 

/s/ John Sculley


   

John Sculley

SONOMAWEST HOLDINGS, INC.

By:

 

/s/ Roger S. Mertz


   

Roger S. Mertz

   

Chairman of the Board

WINSTON/THAYER PARTNERS L.P.

By:

 

/s/ Michael D. Bluestein


   

Michael D. Bluestein

   

Principal

TECHNOLOGY VENTURE ASSOCIATES III

By:

 

/s/ Craig R. Stapleton


   

Craig R. Stapleton

   

General Partner

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE


WACHOVIA CAPITAL PARTNERS 2001, LLC

By:

 

/s/ L. Watts Hamrick III


   

L. Watts Hamrick III

   

Partner

WACHOVIA CAPITAL PARTNERS 2001, LLC

By:

 

/s/ Walker Simmons


   

Walker Simmons

   

Partner

 

AMENDMENT NO. 7 TO SECURITIES PURCHASE AGREEMENT – SIGNATURE PAGE