EX-99 3 neonexh99102201.txt EXHIBIT D Exhibit D. AMENDMENT NO. 1 TO STOCKHOLDERS' AGREEMENT This AMENDMENT NO. 1 TO STOCKHOLDERS' AGREEMENT, dated August 10, 2001 (the "Amendment No. 1"), is entered into by and among Mode 1 Communications, Inc. ("M1"), Exelon Enterprises Management, Inc., formerly known as Exelon Ventures Corp. ("Exelon"), Consolidated Edison Communications, Inc. ("CEC") and Neon Communications, Inc. (the "Company"). M1, Exelon, and CEC are referred to in this Amendment No. 1 collectively as the "Stockholders." WHEREAS, the Stockholders and the Company entered into a Stockholders' Agreement dated as of September 14, 2000 (the "Stockholders' Agreement") pursuant to which the Stockholders agreed, among other things, to establish reciprocal rights of first offer; and WHEREAS, the parties mutually desire to amend the Stockholders' Agreement to release M1, CEC and Exelon from the mutual rights and obligations provided for in Section 8 of the Stockholders' Agreement; NOW, THEREFORE, in consideration of the foregoing, the Stockholders and the Company agree as follows: 1. Deletion of Section 8 of the Stockholders' Agreement. Section 8 of the Stockholders' Agreement is hereby deleted in its entirety. 2. Full Force and Effect. Except for the amendment described herein, the Stockholders' Agreement shall remain in full force and effect. 3. Successors and Assigns. This Amendment No. 1 shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties hereto. 4. Counterparts. This Amendment No. 1 may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 5. GOVERNING LAW. THIS AMENDMENT NO. 1 SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF ANY JURISDICTION. IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this Amendment No. 1 to the Stockholders' Agreement on the date first written above. MODE 1 COMMUNICATIONS, INC. By: /s/ John H. Forsgren Name: John H. Forsgren Title: Executive Vice President and Chief Financial Officer - Northeast Utilities Service Company, agent for Mode 1 Communications, Inc. EXELON ENTERPRISES MANAGEMENT, INC. By: /s/ Robert A. Shinn Name: Robert A. Shinn Title: President CONSOLIDATED EDISON COMMUNICATIONS, INC. By: /s/ Peter Rust Name: Peter Rust Title: President and CEO NEON COMMUNICATIONS, INC. By: /s/ Stephen E. Courter Name: Stephen E. Courter Title: CEO