AMENDMENTS TO AGREEMENT. Subject to satisfaction of the conditions set forth in Section 4 of this Amendment, the Agreement is hereby amended as follows: (a) Section 1.1 of the Agreement is hereby amended to delete the definition of "GLDDC" in its entirety and to replace such definition with the following: "GLDDC" means Great Lakes Dredge & Dock Company, a New Jersey corporation, and, upon the effectiveness of the GLDDC MERGER, thereafter means Great Lakes Dredge & Dock Company, LLC, a Delaware limited liability... company." (b) Section 1.1 of the Agreement is hereby further amended by inserting the following new definitions in the appropriate alphabetical order: "GLDDC MERGER" means the merger of Great Lakes Dredge & Dock Company, a New Jersey corporation, with and into Great Lakes Dredge & Dock Company, LLC, a Delaware limited liability company and the survivor of such merger. "NET WORTH" means, at any date of determination, total stockholder's equity as set forth on the most recently available annual consolidated balance sheet of HOLDINGS and its consolidated SUBSIDIARIES (excluding from the determination thereof the effects of any non-cash goodwill or other intangible asset impairment charges resulting from the application of SFAS No. 142). (c) Section 6.19 of the Agreement is hereby amended by deleting the reference therein to "$90,000,000" and in its place substituting "$82,500,000".View More
