Amendment No. 8 to Transaction Agreement
EXHIBIT 10
AMENDMENT NO. 8 TO TRANSACTION AGREEMENT
Amendment No. 8
to
Transaction Agreement
This Amendment No. 8 ("Amendment") to the Transaction Agreement dated
as of July 8, 1998, as amended by Amendment No. 1 dated as of December 18,
1998, by Amendment No. 2 dated as of February 18, 1999, by Amendment No. 3
dated as of May 14, 1999, by Amendment No. 4 dated as of June 30, 1999, by
Amendment No. 5 dated as of June 30, 1999, by Amendment No. 6 dated as of
November 18, 1999, and by Amendment No. 7 dated as of August 1, 2000 (the
"Original Agreement"), is made as of December 20, 2000, among Choice One
Communications Inc. (the "Corporation") and the persons listed on the signature
pages hereto.
WHEREAS, Section 4.08 of the Original Agreement contemplates that so
long as MSCP holds more than 30% of the aggregate outstanding Investor Equity
and Management Equity of the Corporation that it will have the right to select
the Corporation's financial adviser and lead manager for all securities
offerings; and
WHEREAS, the parties now desire to amend the Original Agreement to
permit the Corporation to select its own financial advisers and lead managers;
NOW, THEREFORE, the parties hereto hereby agree as follows:
SECTION 1. Deletion of Section 4.08. Section 4.08 is hereby deleted in
its entirety from the Original Agreement.
SECTION 3. Other Defined Terms. Capitalized terms used in this
Amendment and not otherwise defined have the meanings ascribed to them in the
Original Agreement.
SECTION 4. Effectiveness; Effect of Amendment; Governing Law. Except
as amended hereby, the Original Agreement shall remain unchanged. The Original
Agreement, as amended hereby, shall remain in full force and effect. This
Amendment shall be governed by, and construed under, the laws of the State of
Delaware, all rights and remedies being governed by said laws, without regard
to conflict of laws principles.
SECTION 5. Counterparts. This Amendment may be executed simultaneously
in two or more counterparts, any one of which need not contain the signatures
of more than one party, but all such counterparts taken together shall
constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first written above.
CHOICE ONE COMMUNICATIONS INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Its: Chairman and Chief Executive Officer
MANAGEMENT MEMBERS
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as a Management
Member and as Chief Executive Officer of
Choice One Communications Inc.
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INVESTOR MEMBERS
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL
PARTNERS III, L.P.
By MSCP III, LLC, its general partner
By ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Partners III,
Inc., its Member
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
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MSCP III 892 INVESTORS, L.P.
By MSCP III, LLC, its general partner
By ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Partners III,
Inc., its Member
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL
INVESTORS, L.P.
By MSCP III, LLC, its general partner
By ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Partners III,
Inc., its Member
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
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CAPITAL PARTNERS IV, L.P.
By MSDW Capital Partners IV, LLC, its
general partner
By MSDW Capital Partners IV, Inc.,
its Member
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MSDW IV 892 INVESTORS, L.P.
By MSDW Capital Partners IV, LLC, its
general partner
By MSDW Capital Partners IV, Inc.,
its Member
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CAPITAL INVESTORS IV, L.P.
By MSDW Capital Partners IV LLC, its
general partner
By MSDW Capital Partners IV, Inc.,
its Member
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▇▇▇▇▇▇▇▇ PARTNERS III, L.P.
By Silverado III, L.P.,
its General Partner
By Silverado III Corp.,
its General Partner
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
Chairman & CEO
▇▇▇▇▇▇▇ PLAZA PARTNERS
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
Managing General Partner
FLEET VENTURE RESOURCES, INC.
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
Chairman & CEO
FLEET EQUITY PARTNERS VI, L.P.
By Fleet Growth Resources II, Inc., its
General Partner
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
Chairman & CEO
▇▇▇▇▇▇-▇▇▇▇▇▇ MEDIA PARTNERS,
L.P.
By ▇▇▇▇▇▇ ▇▇▇▇▇▇ Media, L.L.C.
its general partner
By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Chief Executive Officer
FIRST UNION CAPITAL PARTNERS,
INC.
By: ______________________________________
Its: _____________________________________
GENERAL ELECTRIC CAPITAL
CORPORATION
By: ______________________________________
Its: _____________________________________
CARAVELLE INVESTMENT FUND,
L.L.C.
By Caravelle Advisors, L.L.C.,
as Investment Manager and
Attorney In Fact
By: ______________________________________
Its: _____________________________________
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R. ▇▇▇▇▇▇ SILVER
/s/ R. ▇▇▇▇▇▇ Silver
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