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BPC HOLDING CORPORATION
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FIRST AMENDMENT
Dated as of May 9, 2000
to
Stockholders Agreement
Dated as of June 18, 1996
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FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT
THIS FIRST AMENDMENT dated as of May 9, 2000 (the or this "FIRST AMENDMENT")
to the Stockholders Agreement dated as of June 18, 1996 is among BPC HOLDING
CORPORATION, a Delaware corporation (the "COMPANY"), ATLANTIC EQUITY PARTNERS
INTERNATIONAL II, L.P., a Delaware limited partnership ("INTERNATIONAL"),
CHASE VENTURE CAPITAL ASSOCIATES, LLC, a Delaware limited liability company
("CVCA"), THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY ("NORTHWESTERN") and
BPC EQUITY, LLC, a Delaware limited liability company ("AETNA" or the
"INSTITUTIONAL Holder"), and each of those other parties listed on the
signature pages to this Agreement.
RECITALS:
A. The parties have heretofore entered into a Stockholders Agreement
dated as of June 18, 1996 (the "AGREEMENT").
B. The parties now desire to amend the Agreement in the respects, but
only in the respects, hereinafter set forth.
C. Capitalized terms used herein shall have the respective meanings
ascribed thereto in the Agreement unless herein defined or the context shall
otherwise require.
D. All requirements of law have been fully complied with and all other
acts and things necessary to make this First Amendment a valid, legal and
binding instrument according to its terms for the purposes herein expressed
have been done or performed.
NOW, THEREFORE, the parties, in consideration of good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
do hereby agree as follows:
SECTION 1. AMENDMENTS.
1.1 All references in the Agreement to Preferred Stock, Warrants or
Warrant Stock shall include Preferred Stock, Warrants and Warrant Stock,
respectively, as defined in the Preferred Stock and Warrant Purchase
Agreement dated as of May 9, 2000 by and among the Company, CVCA and
Northwestern.
1.2 All references in the Agreement to Preferred Stock Control Event
shall be deleted.
SECTION 2. MISCELLANEOUS.
2.1 The First Amendment shall be construed in connection with and as
part of the Agreement, and except as modified and expressly amended by this
First Amendment, all terms, conditions and covenants contained in the
Agreement are hereby ratified and shall be and remain in full force and
effect.
2.3 The descriptive headings of the various Sections or parts of this
First Amendment are for the convenience only and shall not affect the meaning
or construction of any of the provisions hereof.
2.4 This First Amendment shall be governed by and construed in
accordance with New York law.
2.5 The execution hereof by the undersigned shall constitute a contract
among the undersigned for the uses and purposes hereinabove set forth, and
this First Amendment may be executed in any number of counterparts, each
executed counterpart constituting an original, but all together only one
agreement.
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BPC HOLDING CORPORATION
By:
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Name:
Title:
HOLDERS:
ATLANTIC EQUITY PARTNERS
INTERNATIONAL II, L.P.
By: Atlantic Equity Associates
International II, L.P., its
General Partner
By: Buaron Holdings Ltd., its
Managing General Partner
By:
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Name:
Title:
CHASE VENTURE CAPITAL ASSOCIATES, LLC
By: Chase Capital Partners,
its Investment Manager
By:
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Name:
Title:
THE NORTHWESTERN MUTUAL LIFE
INSURANCE COMPANY
By:
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Name:
Title:
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BPC EQUITY, LLC
By: Aetna Life Insurance Company,
its Member
By:
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Name:
Title:
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R. Brent Beeler
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Douglas E. Bell
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Ira G. Boots
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Martin R. Imbler
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James M. Kratochvil
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