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EXHIBIT 9.6
FIFTH AMENDMENT TO FIRST AMENDED
AND RESTATED INVESTORS' AGREEMENT
This Fifth Amendment to the First Amended and Restated Investors'
Agreement (this "AGREEMENT") dated as of February 24, 2000 is entered into by
and among Doane Pet Care Enterprises, Inc., formerly known as DPC Acquisition
Corp. (the "COMPANY"), Doane Pet Care Company, formerly known as Doane Products
Company ("DOANE"), and the other Persons that have executed this Agreement as
indicated on the signature pages hereto.
W I T N E S S E T H :
WHEREAS, certain stockholders and warrantholders of the Company are
parties to or bound by that certain First Amended and Restated Investors'
Agreement dated as of August 3, 1998, as amended to date (the "ORIGINAL
AGREEMENT");
WHEREAS, the undersigned, constituting the holders of more than 75% of
the shares of Common Stock of the Company (including the Warrants on an "as-if
exercised" basis) desire to amend the Original Agreement on the terms of this
Agreement and, except as amended by this Agreement, ratify the terms of the
Original Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in exchange for the mutual
covenants herein, the parties hereto agree as follows:
AGREEMENTS
1. Defined Terms. Capitalized terms used in this Agreement that are not defined
herein shall have the meanings given to them in the Original Agreement.
2. Amendments. The Original Agreement is hereby amended so that the sale by
Walid and Laura Mansur of the shares of Class A Common Stock on Exhibit A to the
Doane employees listed on Exhibit A shall not trigger any rights of first offer
under Section 4.1 or any tag-along rights under Section 4.2 of the Original
Agreement. The undersigned agree that such Doane employees will not become
parties to the Original Agreement, as amended, but instead shall enter into a
form of employee stockholder agreement similar to that entered into by other
Doane employees upon their acquisition of common stock from the Company.
3. Ratification. Except as expressly set forth herein, the terms and provisions
of the Original Agreement, as amended prior to the date hereof, are hereby
ratified and confirmed.
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4. Miscellaneous. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which shall
constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers as of the day and year
first above written.
DOANE PET CARE ENTERPRISES, INC.
By: /s/ THOMAS R. HEIDENTHAL
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Thomas R. Heidenthal
Senior Vice President & CFO
DOANE PET CARE COMPANY
By: /s/ THOMAS R. HEIDENTHAL
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Thomas R. Heidenthal
Senior Vice President & CFO
SUMMIT CAPITAL INC.
By: /s/ GEORGE B. KELLY
----------------------------------
George B. Kelly
Chairman
CHASE MANHATTAN INVESTMENT
HOLDINGS, INC.
By: /s/ JEFFREY C. WALKER
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Name: Jeffrey C. Walker
--------------------------------
Title: CEO
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BASEBALL PARTNERS
By: /s/ CHRIS BEHRENS
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Name: Chris Behrens
--------------------------------
Title: General Partner
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SUMMIT/DPC PARTNERS, L.P.
BY: SUMMIT CAPITAL, INC.,
its General Partner
By: /s/ GEORGE B. KELLY
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George B. Kelly
Chairman
DLJ MERCHANT BANKING PARTNERS, L.P.,
a Delaware Limited Partnership
BY: DLJ MERCHANT BANKING, INC.
Managing General Partner
By: /s/ PETER GRAUER
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Name: Peter Grauer
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Title: Managing Director
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DLJ INTERNATIONAL PARTNERS, C.V.
BY: DLJ MERCHANT BANKING, INC.
Advisory General Partner
By: /s/ PETER GRAUER
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Name: Peter Grauer
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Title: Managing Director
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DLJ OFFSHORE PARTNERS, C.V.
BY: DLJ MERCHANT BANKING, INC.
Advisory General Partner
By: /s/ PETER GRAUER
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Name: Peter Grauer
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Title: Managing Director
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DLJ FIRST ESC, L.L.C.
By: /s/ PETER GRAUER
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Name: Peter Grauer
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Title: Managing Director
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DLJ MERCHANT BANKING FUNDING, INC.
By: /s/ PETER GRAUER
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Name: Peter Grauer
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Title: Managing Director
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THE ROSENTHAL 1989 TRUST
By:
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Name:
--------------------------------
Title:
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By:
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Dick H. Weber
By:
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Terry W. Bechtel
By: /s/ BOB L. ROBINSON
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Bob L. Robinson
ROBINSON MANAGEMENT L.P.
By: /s/ BOB L. ROBINSON
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Name: Bob L. Robinson
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Title: Managing Partner
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BOB L. ROBINSON GRANTOR RETAINED
ANNUITY TRUST
By: /s/ BOB L. ROBINSON
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Name: Bob L. Robinson
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Title: Trustee
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JEANINE L. ROBINSON GRANTOR RETAINED
ANNUITY TRUST
By: /s/ BOB L. ROBINSON
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Name: Bob L. Robinson
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Title: Trustee
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By:
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Jeanine L. Robinson
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By:
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Roy E. Hess
By:
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Earl R. Clements
By:
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J. David Heaney
By:
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Laura Hawkins Mansur
By: /s/ WALID MANSUR
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Walid Mansur
THE KAREEM ROBERT MANSUR TRUST
By: /s/ WALID MANSUR
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Walid Mansur, Trustee
THE SARA SELMA MANSUR TRUST
By: /s/ WALID MANSUR
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Walid Mansur, Trustee
THE LEILA MARIAM MANSUR TRUST
By: /s/ WALID MANSUR
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Walid Mansur, Trustee
By:
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Gary L. Rosenthal
By:
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Lee H. Rosenthal
By:
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Ferd A. Rosenthal
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The following signatories are the "WINDY HILL INVESTORS." Each of the
Windy Hill Investors and IBJ Whitehall Bank & Trust Company ("IBJ") are parties
to an escrow and pledge agreement dated August 3, 1998 pursuant to which IBJ, as
escrow and collateral agent, is the record holder of all shares of Common Stock
beneficially owned by the Windy Hill Investors. Each of the undersigned Windy
Hill Investors, as evidenced by its signature below, hereby directs IBJ to enter
into this Agreement.
DARTFORD PARTNERSHIP, L.L.C.
By: /s/ RAY CHUNG
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Name: Ray Chung
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Title: Partner
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BRUCKMANN, ROSSER, SHERRILL & CO., L.P.
By: /s/ STEPHEN SHERRILL
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Name: Stephen Sherrill
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Title: Managing Director
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PNC CAPITAL CORP
By:
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Name:
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Title:
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WINDY HILL PET FOOD COMPANY L.L.C.
By: /s/ RAY CHUNG
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Name: Ray Chung
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Title: Vice President
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Robert V. Dale
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F. Donald Cowan, Jr.
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Donald L. Gadd
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Henry G. Hurd, Jr.
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Ben W. McCrory
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Vaughn R. Oakley
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Charles Dunleavy
BCB PARTNERSHIP, BRUCE C. BRUCKMANN,
DONALD J. BRUCKMANN, PAUL D. KAMINSKI,
NAZ PARTNERSHIP, HAROLD O. ROSSER, H.
VIRGIL SHERRILL, STEPHEN C. SHERRILL,
NANCY A. ZWENG, ELIZABETH MCSHANE,
BEVERLY PLACE, BY THE FOLLOWING PERSONS:
By: /s/ STEPHEN C. SHERRILL
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Stephen C. Sherrill, Attorney-in-Fact
/s/ STEPHEN C. SHERRILL
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Stephen C. Sherrill, Individually
The undersigned joins in this Agreement only if required under the terms of the
escrow and pledge agreement among the undersigned financial institution and the
Windy Hill Investors, as amended from time to time.
BANK OF NEW YORK (formerly IBJ Whitehall
Bank & Trust Company), as escrow and
collateral agent and record holder for
the shares of Common Stock beneficially
owned by the Windy Hill Investors set
forth above.
By:
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Name:
-----------------------------------
Title:
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The undersigned, being the duly elected Secretary of Doane and the Company,
hereby executes this Agreement to evidence the fact that this Agreement has been
approved by the respective Boards of Directors of Doane and the Company at
meetings duly convened on February 24, 2000.
/s/ THOMAS R. HEIDENTHAL
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Thomas R. Heidenthal, Secretary
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EXHIBIT A
TO
FIFTH AMENDMENT TO FIRST AMENDED
AND RESTATED INVESTORS' AGREEMENT
EXECUTIVE OFFICER NUMBER OF SHARES
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Rick Hannasch 1000
Dave Horton 10,000
Debbie Shecterle 5,000
Scott Viebranz 10,000
Phil Woodlief 5,000