EXHIBIT 2.4
EXECUTION COPY
AMENDMENT NO. 1
TO THE CONTRIBUTION AGREEMENT
AMENDMENT NO. 1
TO THE CONTRIBUTION AGREEMENT
THIS AMENDMENT NO.1 TO THE CONTRIBUTION AGREEMENT is made as of April
14, 2003 (this "Amendment") by and among EMP Merger Corporation, a Delaware
corporation (the "Company") and the persons set forth on the signature pages
hereto as "Amending Transferors" (the "Amending Transferors"), and amends that
certain Contribution Agreement dated as of February 24, 2003 (the "Contribution
Agreement"), by and among the Company and the Transferors named therein.
Capitalized terms used herein and not otherwise defined shall have the meaning
ascribed to them in the Contribution Agreement.
WHEREAS, the Company and the Amending Transferors are parties to the
Contribution Agreement;
WHEREAS, the Company and the Amending Transferors wish to amend the
Contribution Agreement;
WHEREAS, pursuant to Section 5.1 of the Contribution Agreement, all
amendments to or waivers of any provision of the Contribution Agreement may be
made by a written instrument signed by (i) the Company and (ii) Transferors
entitled to a majority of the shares of Company Common Stock issuable under the
Contribution Agreement; and
WHEREAS, the Amending Transferors are entitled to a majority of the
shares of Company Common Stock issuable under the Contribution Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt,
adequacy and sufficiency of which are hereby acknowledged, the parties hereto
covenant and agree as follows:
1. Amendments to Contribution Agreement. Upon execution hereof, the
Contribution Agreement shall be amended as follows:
(a) Section 1.3(b) shall be amended by replacing the reference to
"$435,058,272" with "$434,567,957.15."
(b) Schedule A, Schedule B and Schedule C to the Contribution
Agreement shall be deleted in their entirety and replaced with Schedule A,
Schedule B and Schedule C, respectively.
2. References to the Contribution Agreement. All references in the
Contribution Agreement to "this Agreement," and to all other words referring to
the Contribution Agreement (such as "herein," "hereto," "herewith" and
"hereunder"), shall be deemed to mean and refer to the Contribution Agreement,
as amended by this Amendment.
3. Effectiveness of Amendment. This Amendment has been executed, in
accordance with the terms of Section 5.1 of the Contribution Agreement, by the
Company and the Amending Transferors and shall become effective upon execution.
4. Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of Delaware.
5. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
6. Facsimile Signatures. Any signature page delivered by a fax
machine or telecopy machine shall be binding to the same extent as an original
signature page, with regard to any agreement subject to the terms hereof or any
amendment thereto. Any party who delivers such a signature page agrees to later
deliver an original counterpart to any party which requests it.
7. Entire Agreement. This Amendment, the Contribution Agreement,
the Merger Agreement and the terms and provisions hereof and thereof constitute
the entire agreement among the parties pertaining to the subject matter hereof
and thereof and supersede any and all prior or contemporaneous agreements
relating to the subject matter hereof or thereof. Except as expressly amended
hereby, the Contribution Agreement shall remain unchanged and in full force and
effect. To the extent any terms or provisions of this Amendment conflict with
those of the Contribution Agreement, the terms and provisions of this Amendment
shall control. This Amendment shall be deemed part of and is hereby incorporated
into the Contribution Agreement.
[Remainder of Page Intentionally Left Blank]
2
EXECUTION COPY
AMENDMENT NO. 1 TO THE
CONTRIBUTION AGREEMENT
Counterpart Signature Page
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
Contribution Agreement to be duly executed by as of the day and year first
above-written.
EMP MERGER CORPORATION
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President
AMENDING TRANSFERORS:
▇▇▇▇▇▇ ▇. ▇▇▇ EQUITY FUND V, L.P.
By: THL Equity Advisors V, LLC, its general partner
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Partners, L.P., its sole member
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Advisors, LLC, its general partner
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Principal Managing Director
▇▇▇▇▇▇ ▇. ▇▇▇ PARALLEL FUND V, L.P.
By: THL Equity Advisors V, LLC, its general partner
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Partners, L.P., its sole member
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Advisors, LLC, its general partner
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Principal Managing Director
▇▇▇▇▇▇ ▇. ▇▇▇ EQUITY (CAYMAN) FUND V, L.P.
By: THL Equity Advisors V, LLC, its general partner
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Partners, L.P., its sole member
By: ▇▇▇▇▇▇ ▇. ▇▇▇ Advisors, LLC, its general partner
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Principal Managing Director
▇▇▇▇▇▇ INVESTMENTS HOLDINGS, LLC
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title:
▇▇▇▇▇▇ INVESTMENTS EMPLOYEES' SECURITIES
COMPANY I LLC
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title:
▇▇▇▇▇▇ INVESTMENTS EMPLOYEES' SECURITIES
COMPANY II LLC
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title:
1997 ▇▇▇▇▇▇ ▇. ▇▇▇ NOMINEE TRUST
By: US Bank, N.A. (successor to State Street Bank and
Trust Company), not personally, but solely as Trustee
under the 1997 ▇▇▇▇▇▇ ▇. ▇▇▇ Nominee Trust
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
▇▇▇▇▇▇ ▇. ▇▇▇ INVESTORS LIMITED PARTNERSHIP
By: THL Investment Management Corp., its general
partner
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇
--------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇, Chief Executive Officer
EVERCORE CAPITAL PARTNERS (NQ) L.P.
By: Evercore Partners L.L.C., its General Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
EVERCORE CAPITAL OFFSHORE PARTNERS L.P.
By: Evercore Partners L.L.C., its Investment General
Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
By: Evercore Offshore Partners Ltd., its
Administrative General Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Director
EVERCORE CO-INVESTMENT PARTNERSHIP L.P.
By: Evercore Co-Investment GP L.L.C., its General
Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
By: Evercore Partners L.L.C., its Managing Member
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
EVERCORE CAPITAL PARTNERS L.P.
By: Evercore Partners L.L.C., its General Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
EVERCORE CAPITAL PARTNERS II L.P.
By: Evercore Partners II L.L.C., its General Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
EVERCORE CO-INVESTMENT PARTNERSHIP II L.P.
By: Evercore Co-Investment ▇▇ ▇▇ L.L.C., its General
Partner
By: Evercore Partners II L.L.C., its Managing Member
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Member
SCHEDULE A
Name and Address of Interests Class and Number of Interests Number of shares of
Transferor Contributed Company Stock Issuable
-----------------------------------------------------------------------------------------------------------
Evercore Capital Partners L.P. 2,480.821 Class A Units 3,982.39347
75.501 Class A-1 Units 121.19941
554.418 Class H Units 933.53114
-----------------------------------------------------------------------------------------------------------
Evercore Capital Partners (NQ) L.P. 2,310.024 Class A Units 3,708.21707
70.385 Class A-1 Units 112.98763
516.266 Class H Units 869.29032
-----------------------------------------------------------------------------------------------------------
Evercore Capital Offshore Partners L.P. 679.028 Class A Units 1,090.02460
20.640 Class A-1 Units 33.13231
151.745 Class H Units 255.50828
-----------------------------------------------------------------------------------------------------------
Evercore Co-Investment Partnership L.P. 750.125 Class A Units 1,204.15484
-----------------------------------------------------------------------------------------------------------
DJP 614.251 Class E Units 560.872159
-----------------------------------------------------------------------------------------------------------
BG Media Investors, L.P. 12,458.946 Class A Units 20,000.000000
-----------------------------------------------------------------------------------------------------------
Weider Health and Fitness, LLC 6,361.116 Class H Units 10,710.864757
-----------------------------------------------------------------------------------------------------------
Weider Interactive Networks, Inc. 64.001 Class H Units 107.765343
-----------------------------------------------------------------------------------------------------------
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ 6.000 Class F Units 10.506830
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇ 6.000 Class F Units 10.506830
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 60.000 Class F Units 105.068301
-----------------------------------------------------------------------------------------------------------
▇▇▇▇ ▇▇▇ Norborn 15.000 Class F Units 26.267075
-----------------------------------------------------------------------------------------------------------
▇▇▇▇ ▇▇▇▇ 15.000 Class F Units 26.267075
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 2.000 Class F Units 3.502277
-----------------------------------------------------------------------------------------------------------
SCHEDULE B
Name and Address of Cash Class Contribution Number of shares of
Transferor Contributed Company Stock Issuable
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇ Equity Fund V, L.P. $ 230,325,404.59 230,325.40459
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇ Parallel Fund V, L.P. $ 59,760,210.00 59,760.21000
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇ Equity (Cayman) Fund V, L.P. $ 3,173,566.00 3,173.56600
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ Investments Holdings, LLC $ 1,799,244.00 1,799.24400
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ Investments Employees' Securities $ 1,546,531.00 1,546.53100
Company I LLC
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ Investments Employees' Securities $ 1,380,831.00 1,380.83100
Company II LLC
-----------------------------------------------------------------------------------------------------------
1997 ▇▇▇▇▇▇ ▇. ▇▇▇ Nominee Trust $ 590,866.00 590.86600
-----------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇ Investors Limited Partnership $ 271,336.00 271.33600
-----------------------------------------------------------------------------------------------------------
Evercore Capital Partners II L.P. $ 97,059,246.10 97,059.24610
-----------------------------------------------------------------------------------------------------------
Evercore Co-Investment Partnership II L.P. $ 1,160,722.46 1,160.72246
-----------------------------------------------------------------------------------------------------------
PPM America Private Equity Fund L.P. $ 20,000,000.00 20,000
-----------------------------------------------------------------------------------------------------------
The Equitable Life Assurance Society of $ 5,000,000.00 5,000
the Unites States
-----------------------------------------------------------------------------------------------------------
Pioneer Gate Acquisition LLC $ 12,500,000.00 12,500
-----------------------------------------------------------------------------------------------------------
AGGREGATE CASH CONTRIBUTION AMOUNT $ 434,567,957.15
=================
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AGGREGATE SHARES OF COMPANY COMMON STOCK 434,567.95715
=============
-----------------------------------------------------------------------------------------------------------
SCHEDULE C
Evercore Capital Partners L.P. and affiliates $ 174,435,719.24
Tandem Journalism Investment, L.P. $ 65,576,978.15
Circulation, LLC $ 45,620,762.49
▇▇ ▇▇▇▇▇▇ Partners (BCHA), L.P. $ 49,253,241.60
BG Media Investors, L.P. $ 20,131,807.15
BG Media Intermediate Fund, L.P. $ 852,399.58
DB Capital Investors, L.P. $ 16,393,040.58
BancBoston Investments Inc. $ 9,039,187.66
Caravelle Investment Fund, L.L.C. $ 8,026,361.43
▇▇▇▇▇▇ Holdings, L.L.C. $ 5,797,521.00
▇▇▇▇▇ ▇. ▇▇▇▇▇▇ $ 10,724,902.76
Other Management $ 5,716,035.51
Aggregate Cash Merger Consideration $ 411,567,957.15
=================