EXHIBIT 10.43
AMENDMENT NO. 3 TO
STOCKHOLDERS AGREEMENT
This Amendment No. 3 to Stockholders Agreement (this "Amendment") is made and entered into as of December 4, 1996 by and between Aftermarket Technology Holdings Corp., a Delaware corporation (the "Company"), Aurora Equity Partners L.P., a Delaware limited partnership ("AEP"), Aurora Overseas Equity Partners I, L.P., a Cayman Islands exempted limited partnership ("AOEP"), and each of the stockholders of the Company who are signatories hereto (the "Stockholders").
WHEREAS, Section 10.2 of that certain Stockholders Agreement dated as of August 2, 1994 among the Company and certain of its stockholders, optionholders and warrantholders, as amended (the "Stockholders Agreement"), permits the amendment thereof by a written agreement signed by (a) the Company, (b) AEP and AOEP and (c) the holders of a majority in voting interest of the outstanding shares of Common Stock and Preferred Stock of the Company;
WHEREAS, the Stockholders hold a majority in voting interest of the outstanding shares of Common Stock and Preferred Stock of the Company; and
WHEREAS, the parties hereto desire to amend the Stockholders Agreement as follows: (i) to clarify that from and after the effective date of the merger (the "Merger") of the Company into Aftermarket Technology Corp., the Company's wholly-owned subsidiary ("ATC"), any reference to the "Company" shall be deemed to be a reference to ATC; (ii) to add demand registration rights for the benefit of any stockholder who is a party to the Stockholders Agreement and who, after a distribution of shares by AEP or AOEP to their limited partners, owns at least 10% of the outstanding common stock and is therefore unable to resell his shares without registration because his stock ownership causes him to be an affiliate of ATC (and therefore subject to certain statutory resale restrictions); (iii) to clarify that the Company will pay all expenses relating to the registration of securities resulting from an exercise of the "piggyback" or demand registration rights granted therein; and (iv) to clarify that the holdback agreement provision applicable to underwritten offerings applies to a
Qualified IPO (as defined in the Stockholders Agreement) that is consummated on or before March 31, 1997.
NOW, THEREFORE, in consideration of the foregoing recitals and the covenants set forth herein, the parties hereto hereby agree as follows:
1. AMENDMENT.
(a) Section 10.6 of the Stockholders Agreement is hereby
deleted in its entirety and the following is hereby substituted in its
place:
"10.6 SUCCESSORS AND ASSIGNS. Except as otherwise
expressly provided herein, this Agreement shall be binding upon and
inure to the benefit of the Company, its successors and assigns, and the
Stockholders and their respective heirs, personal representatives,
successors and permitted assigns. In the event that the Company is
merged into Aftermarket Technology Corp., a Delaware corporation and the
Company's wholly-owned subsidiary ("ATC"), upon the effectiveness of
such merger, any reference in this Agreement to the "Company" shall be
deemed to be a reference to ATC."
(b) Exhibit D to the Stockholders Agreement is hereby deleted
in its entirety and the attached Annex A is hereby substituted in its
place.
2. GOVERNING LAW. This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without reference to choice or conflicts of law principles thereof.
3. EFFECT OF AMENDMENT. Except as amended by this Amendment, the Stockholders Agreement shall remain unchanged and shall remain in full force and effect.
2
IN WITNESS WHEREOF, the Company, AEP, AOEP and each of the Stockholders have duly executed this Amendment as of the date first above written.
AFTERMARKET TECHNOLOGY
HOLDINGS CORP.
By:
--------------------------------
Name:
------------------------------
Title:
-----------------------------
THE CLASS A STOCKHOLDERS:
-------------------------------------
WILLIAM A. SMITH
JAMES R. WEHR REVOCABLE TRUST
-------------------------------------
James R. Wehr, Grantor/Trustee
-------------------------------------
KENNETH T. HESTER
3
THE CLASS B STOCKHOLDERS:
ALLENWOOD VENTURES, INC.
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
-----------------------------------
JOHN E. ANDERSON
ROBERT ANDERSON VARIABLE TRUST
By:
---------------------------------
Robert Anderson, Trustee
THE ANDREW W. MELLON FOUNDATION
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
AURORA CAPITAL PARTNERS L.P.
By: Aurora Advisors, Inc.,
its general partner
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
4
AURORA OVERSEAS CAPITAL
PARTNERS, L.P.
By: Aurora Overseas Advisors Ltd.,
its general partner
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
BANCBOSTON INVESTMENTS, INC.
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
BANKAMERICA CAPITAL CORPORATION
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
5
CASTLEROCK INVESTMENTS LTD.
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
CHEMICAL EQUITY ASSOCIATES
By:
---------------------------------
Name:
------------------------------
Title:
-----------------------------
CHEMICAL INVESTMENTS, INC.
By:
---------------------------------
Name:
-----------------------------
Title:
----------------------------
----------------------------------
RICHARD R. CROWELL
----------------------------------
ROBERT L. CUMMINGS III
THE TRUSTEES OF DARTMOUTH COLLEGE
By:
-------------------------------
Name:
----------------------------
Title:
---------------------------
6
DEAN WITTER AS CUSTODIAN FOR AURORA
CAPITAL PARTNERS VIP PLUS 401(K) PLAN
FBO RICHARD R. CROWELL
By:
---------------------------
Richard R. Crowell, Trustee
By:
---------------------------
Richard K. Roeder, Trustee
DEAN WITTER AS CUSTODIAN FOR AURORA
CAPITAL PARTNERS VIP PLUS 401(K) PLAN
FBO MARK C. HARDY
By:
---------------------------
Richard R. Crowell, Trustee
By:
---------------------------
Richard K. Roeder, Trustee
DEAN WITTER AS CUSTODIAN FOR AURORA
CAPITAL PARTNERS VIP PLUS 401(K) PLAN
FBO KURT B. LARSEN
By:
---------------------------
Richard R. Crowell, Trustee
By:
---------------------------
Richard K. Roeder, Trustee
7
DEAN WITTER AS CUSTODIAN FOR AURORA
CAPITAL PARTNERS VIP PLUS 401(K) PLAN
FBO GERALD L. PARSKY
By:
---------------------------
Richard R. Crowell, Trustee
By:
---------------------------
Richard K. Roeder, Trustee
DEAN WITTER AS CUSTODIAN FOR AURORA
CAPITAL PARTNERS VIP PLUS 401(K) PLAN
FBO W. MONTAGUE YORT
By:
---------------------------
Richard R. Crowell, Trustee
By:
---------------------------
Richard K. Roeder, Trustee
DELTA MASTER TRUST
By:
--------------------------
Trustee
------------------------------
JEFFREY S. DEUTSCHMAN
------------------------------
FREDERICK J. ELSEA, III
8
GENERAL ELECTRIC PENSION TRUST
By:
-----------------------------
Name:
---------------------------
Title: Trustee
HARBOURTON REASSURANCE, INC.
By:
-----------------------------
Name:
---------------------------
Title:
--------------------------
--------------------------------
MARK C. HARDY
HELLER FINANCIAL, INC.
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
--------------------------------
AMBASSADOR JAMES D. HODGSON
--------------------------------
CLEON T. KNAPP
9
L-A&A GIFT TRUST FBO
ELLIOT LEEDOM ACKERMAN
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
L-A&A GIFT TRUST FBO
NATHANEL LEEDOM ACKERMAN
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
--------------------------------
KURT B. LARSEN
LODWRICK AND CAROLE COOK AS
TRUSTEES OF THE COOK FAMILY
TRUST DATED SEPTEMBER 16, 1991
By:
-----------------------------
Trustee
--------------------------------
JOHN T. MAPES
10
NHL HOLDINGS LTD.
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
OGAC LIMITED
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
ORYX EQUITY PARTNERS FUND I LTD.
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
--------------------------------
GERALD L. PARSKY
G.M. ROEDER AND R.K. ROEDER, JTWROS
By:
-----------------------------
Gloria M. Roeder
By:
-----------------------------
Richard K. Roeder
11
SOMERVILLE S TRUST
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
SPRINGBROOK, G.P.
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
--------------------------------
PATRICK J. STEINER
SUMITOMO BANK OF CA TTEE FOR GIBSON,
DUNN & CRUTCHER RETIREMENT PLAN FBO
H. RICHARD DALLAS
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
SUMITOMO BANK OF CA TTEE FOR
GIBSON, DUNN & CRUTCHER RETIREMENT
PLAN FBO BRUCE D. MEYER
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
12
UNIVERSITY OF SOUTHERN CALIFORNIA
By:
-----------------------------
Name:
--------------------------
Title:
-------------------------
W. S. INVESTMENTS L.P.
By:
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