AMENDMENT NO. 1 TO STOCKHOLDERS AGREEMENT
This AMENDMENT NO. 1 (this "AMENDMENT") is entered into as of January 22,
2001 by and among PETCO Animal Supplies, Inc., a Delaware corporation (the
"COMPANY"), BD Recapitalization Holdings LLC, a Delaware limited liability
company (the "PURCHASER"), as Representative on behalf of the Purchaser Parties,
▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as Representative on behalf of the Management Parties and
▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇, as Representative on behalf of the Financing Parties.
RECITALS
WHEREAS, the Company, the Purchaser, the Management Stockholders and the
Financing Stockholders entered into the Stockholders Agreement, dated as of
October 2, 2000 (the "STOCKHOLDERS AGREEMENT"); and
WHEREAS, the Company and the Stockholders desire to amend the Stockholders
Agreement upon the terms and conditions set forth herein to clarify the
definitions of "Registrable Common Purchaser Shares" and "Registrable Purchaser
Shares."
NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
A. DEFINED TERMS. Capitalized terms used herein but not
otherwise defined in this Amendment shall have the respective meanings
set forth in the Stockholders Agreement.
B. STOCKHOLDERS AGREEMENT. Section 4.1 of the Stockholders
Agreement shall be amended as follows:
(i) The definition of "Registrable Common Purchaser Shares" shall
be deleted and replaced in its entirety with the following definition:
"REGISTRABLE COMMON PURCHASER SHARES" means the shares of
Common Stock owned by the Purchaser Parties immediately following the Closing or
subsequently acquired by any Purchaser Party (and any securities issued or
issuable with respect to such Common Stock by way of stock dividends or stock
splits or in connection with a combination of shares, recapitalization, merger,
consolidation, or other reorganization or otherwise).
(ii) The definition of "Registrable Purchaser Shares" shall be
deleted and replaced in its entirety with the following definition:
"REGISTRABLE PURCHASER SHARES" means the Registrable Common
Purchaser Shares and the Registrable Preferred Purchaser Shares.
C. CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT. This Amendment shall
become effective when executed counterparts of this Amendment, duly executed by
each of (i) the
Company, (ii) the Purchaser, as Representative on behalf of the Purchaser
Parties, (iii) ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as Represenative on behalf of the Management
Parties, and (iv) ▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇, as Representative on behalf of the
Financing Parties, shall have been delivered to the Company.
D. COUNTERPARTS. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
E. EFFECT OF AMENDMENT. The parties hereto agree that, except as
amended hereby or hereafter, the Stockholders Agreement and any and all other
agreements, documents, certificates and other instruments executed in
connection therewith shall remain in full force and effect in accordance with
their terms. Any reference to the Stockholders Agreement shall be a reference
to the Stockholders Agreement as amended by this Amendment.
F. GOVERNING LAW. This Amendment shall be governed by and construed
in accordance with the laws of the State of Delaware.
2
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
as of the day and year first set forth above.
PETCO ANIMAL SUPPLIES, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President and
Chief Financial Officer
BD RECAPITALIZATION HOLDINGS LLC,
as Representative on behalf of the Purchaser Parties
By: GREEN EQUITY INVESTORS III, L.P.,
Managing Member
By: GEI Capital III, LLC,
General Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Manager
By: TPG PARTNERS III, L.P.,
Managing Member
By: TPG GenPar III, L.P.,
Its General Partner
By: TPG Advisors III, Inc.
Its General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇'▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇'▇▇▇▇▇
Title: Vice President
▇▇▇▇▇ ▇. ▇▇▇▇▇▇,
as Representative on behalf of the Management Parties
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇,
as Representative on behalf of the Financing Parties
By: /s/ ▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇