EX-10.11 53 a2139109zex-10_11.txt EXHIBIT 10.11 Exhibit 10.11 [EXECUTION COPY] FIRST AMENDMENT AND ACKNOWLEDGMENT TO REGISTRATION RIGHTS AGREEMENT This First Amendment and Acknowledgment to Registration Rights Agreement (this "AMENDMENT"), dated as of April 6, 2004, is made to the Registration Rights Agreement (the "AGREEMENT"), dated as of February 6, 2004, by and among Medtech/Denorex, LLC, a Delaware limited liability company (n/k/a Prestige International Holdings, LLC, the "COMPANY"), and certain of its securityholders. Each capitalized term used herein but not otherwise defined shall have the meaning ascribed to such term in the Agreement. WHEREAS, concurrently herewith, the Company is indirectly acquiring all of the outstanding shares of capital stock of Bonita Bay Holdings, Inc., a Virginia corporation and ultimate parent of Prestige Brands International, Inc. (the "ACQUISITION"); and WHEREAS, in connection the Acquisition and in order to better reflect the intent of the parties, the undersigned desire to amend certain terms of the Agreement, make certain acknowledgments with respect to the Agreement and reaffirm the other terms and provisions of the Agreement. NOW, THEREFORE, effective upon consummation of the Acquisition, the undersigned, intending to be legally bound, hereby agree as follows: 1. Each reference, if any, in the Agreement to any of the entities identified below shall be deemed a reference to such entity's new name, as indicated: (a) Medtech/Denorex, LLC n/k/a Prestige International Holdings, LLC; (b) SNS Household Holdings, Inc. n/k/a Prestige Household Holdings, Inc.; (c) SNS Household Brands, Inc. n/k/a Prestige Household Brands, Inc.; (d) Medtech Acquisition Holdings, Inc. n/k/a Prestige Products Holdings, Inc.; (e) Medtech Acquisition, Inc. n/k/a Prestige Brands, Inc.; (f) Medtech/Denorex Management, Inc. n/k/a Prestige Brands, Inc., as successor by merger; (g) Denorex Acquisition Holdings, Inc. n/k/a Prestige Personal Care Holdings, Inc.; and (h) Denorex Acquisition, Inc. n/k/a Prestige Personal Care, Inc. 2. The definition provided for the defined term "LLC Agreement" shall be deleted in its entirety and replaced with the following in lieu thereof: "means the Third Amended and Restated Limited Liability Company Agreement of Prestige International Holdings, LLC (f/k/a Medtech/Denorex, LLC), dated as of April 6, 2004, as amended or modified from time to time, among the parties from time to time party thereto." 3. Any notices sent to Kirkland & Ellis LLP pursuant to the terms of the Agreement shall be sent to the attention of Kevin R. Evanich, P.C. and Christopher J. Greeno. 4. The SCHEDULE OF HOLDERS attached to the Agreement shall be replaced and superseded in its entirety by the SCHEDULE OF HOLDERS attached hereto. 5. Except for the changes noted in Sections 1 through 4 above, the Agreement shall remain in full force and effect and any dispute under this Amendment shall be resolved in accordance with the terms of the Agreement, including, but not limited to, Section 12(i) thereof (Governing Law). 6. This Amendment may be executed in any number of counterparts (including by means of facsimiled signature pages), which shall together constitute one and the same instrument. * * * * * * 2 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment and Acknowledgment to Registration Rights Agreement on the date first written above. PRESTIGE INTERNATIONAL HOLDINGS, LLC By: /S/ PETER C. MANN -------------------------------- Name: Peter C. Mann -------------------------------- Title: CEO -------------------------------- GTCR FUND VIII, L.P. By: GTCR Partners VIII, L.P. Its: General Partner By: GTCR Golder Rauner II, L.L.C. Its: General Partner By: /S/ DAVID A. DONNINI ------------------------------------ Name: David A. Donnini Its: Principal GTCR FUND VIII/B, L.P. By: GTCR Partners VIII, L.P. Its: General Partner By: GTCR Golder Rauner II, L.L.C. Its: General Partner By: /S/ DAVID A. DONNINI ------------------------------------ Name: David A. Donnini Its: Principal GTCR CO-INVEST II, L.P. By: GTCR Golder Rauner II, L.L.C. Its: General Partner By: /S/ DAVID A. DONNINI ------------------------------------ Name: David A. Donnini Its: Principal [Signature Page to First Amendment and Acknowledgement to Registration Rights Agreement] GTCR CAPITAL PARTNERS, L.P. By: GTCR Mezzanine Partners, L.P. Its: General Partner By: GTCR Partners VI, L.P. Its: General Partner By: GTCR Golder Rauner, L.L.C. Its: General Partner By: /S/ DAVID A. DONNINI ------------------------------------ Name: David A. Donnini Its: Principal TCW/CRESCENT MEZZANINE PARTNERS III, L.P. TCW/CRESCENT MEZZANINE TRUST III TCW/CRESCENT MEZZANINE PARTNERS III NETHERLANDS, L.P. By: TCW/Crescent Mezzanine Management III, L.L.C., its Investment Manager By: TCW Asset Management Company, its Sub-Advisor By: /S/ TIMOTHY P. COSTELLO ------------------------------------ Name: Timothy P. Costello Title: Managing Director /S/ PETER C. MANN --------------------------------------- Peter C. Mann /S/ PETER J. ANDERSON --------------------------------------- Peter J. Anderson /S/ MICHAEL A. FINK --------------------------------------- Michael A. Fink [Signature Page to First Amendment and Acknowledgement to Registration Rights Agreement] /S/ GERARD F. BUTLER --------------------------------------- Gerard F. Butler /S/ ERIC M. MILLAR --------------------------------------- Eric M. Millar /S/ CHARLES SCHRANK --------------------------------------- Charles Schrank /S/ STEVE KORNHAUSER --------------------------------------- Steve Kornhauser /S/ DAVID TALBERT --------------------------------------- David Talbert [Signature Page to First Amendment and Acknowledgement to Registration Rights Agreement] SCHEDULE OF HOLDERS IF TO THE GTCR PURCHASERS: GTCR Fund VIII, L.P. GTCR Fund VIII/B, L.P. GTCR Co-Invest II, L.P. c/o GTCR Golder Rauner II, L.L.C. 6100 Sears Tower Chicago, IL 60606-6402 Attention: David A. Donnini and Vincent J. Hemmer Facsimile: (312) 382-2201 WITH A COPY TO: Kirkland & Ellis LLP 200 East Randolph Drive Chicago, IL 60601 Attention: Kevin R. Evanich, P.C. Christopher J. Greeno Facsimile: (312) 861-2200 IF TO GTCR CAPITAL PARTNERS: GTCR Capital Partners, L.P. 6100 Sears Tower Chicago, IL 60606-6402 Attention: Barry Dunn Facsimile: (312) 382-2201 WITH A COPY TO: Kirkland & Ellis LLP 200 East Randolph Drive Chicago, IL 60601 Attention: Kevin R. Evanich, P.C. Christopher J. Greeno Facsimile: (312) 861-2200 IF TO THE TCW/CRESCENT LENDERS AND/OR TCW/CRESCENT PURCHASERS: TCW/Crescent Mezzanine Partners III, L.P. TCW/Crescent Mezzanine Trust III TCW/Crescent Mezzanine Partners III Netherlands, L.P. c/o TCW/Crescent Mezzanine, L.L.C. 200 Crescent Court, Suite 1600 Dallas, Texas 75201 Attention: Timothy P. Costello Facsimile: (214) 740-7382 WITH A COPY TO: Gardere Wynne Sewell LLP 3000 Thanksgiving Tower 1601 Elm Street Dallas, Texas 75201 Attention: Gary B. Clark Facsimile: (214) 999-4667 Peter C. Mann P.O. Box 66 Clinton Corners New York, NY 12514 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Peter J. Anderson 771 Blanch Avenue Norwood, NJ 07648 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Gerard F. Butler 54 Lyons Road Cold Spring, NY 10516 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Michael A. Fink 68 East Sherbrooke Livingston, NJ 07039 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Eric M. Millar 31 Landing Drive Dobbs Ferry, NY 10522 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Charles Schrank 86 Robin Hood Way Wayne, NJ 07470 Facsimile: (914) 524-6811 WITH A COPY TO: Ford Marrin Witmeyer & Gleser LLP Wall Street Plaza New York, NY 10005-1875 Attention: James M. Adrian Facsimile: (212) 344-4294 Steve Kornhauser 8687 River Homes Lane Apt. 105 Bonita Springs, Florida 34135 David Talbert 7 Farm Road Randolph, New Jersey 07869 OTHER SECURITYHOLDERS: