Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DELTEK, INC | d8k.htm |
Exhibit 99.1
May 21, 2010
Donald deLaski 2008 Grantor Retained Annuity Trust
c/o Mr. Donald deLaski
[Street Address]
[City, State, Zip Code]
| Re: | Waiver of Shareholders’ Agreement Restrictions |
Dear Don,
Reference is made to the Shareholders’ Agreement, dated as of April 22, 2005, as it has been and may be amended from time to time (the “Shareholders’ Agreement”), by and among Deltek, Inc., a Delaware corporation (formerly Deltek Systems, Inc., a Virginia corporation) (the “Company”), the shareholders of the Company listed on the signature pages to the Shareholders’ Agreement and, with respect to Sections 3.3 and 3.4 thereof, New Mountain Partners II, L.P., New Mountain Affiliated Investors II, L.P. and Allegheny New Mountain Partners, L.P. (collectively, the “NMP Entities”). This letter is to confirm our agreement as follows:
| 1. | Each of the Company and NMP Entities hereby waives compliance by the Donald deLaski 2008 Grantor Retained Annuity Trust (the “Trust”) with Section 3.1 of the Shareholders’ Agreement, with respect to up to 500,000 shares of common stock of the Company owned by the Trust. |
| 2. | In all other respects, the Shareholders’ Agreement shall remain in full force and effect in accordance with its terms. |
If the foregoing corresponds to your understanding of our agreement, please sign this letter and the enclosed copy in the space provided and return one copy to us.
[Remainder of page intentionally left blank]
| Very truly yours, | ||||
| Deltek, Inc. | ||||
| By: | /s/ Kevin Parker | |||
| Name: Kevin Parker | ||||
| Title: Chairman, President and Chief Executive Officer | ||||
| NEW MOUNTAIN PARTNERS II, L.P. | ||||
| By: | New Mountain Investments II, L.L.C., its general partner | |||
| By: | /s/ Steven B. Klinsky | |||
| Name: Steven B. Klinsky | ||||
| Title: Managing Member | ||||
| NEW MOUNTAIN AFFILIATED INVESTORS II, L.P. | ||||
| By: | New Mountain Investments II, L.L.C., its general partner | |||
| By: | /s/ Steven B. Klinsky | |||
| Name: Steven B. Klinsky | ||||
| Title: Managing Member | ||||
| ALLEGHENY NEW MOUNTAIN PARTNERS, L.P. | ||||
| By: | New Mountain Investments II, L.L.C., its general partner | |||
| By: | /s/ Steven B. Klinsky | |||
| Name: Steven B. Klinsky | ||||
| Title: Managing Member | ||||
| ACKNOWLEDGED AND AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE
DONALD DELASKI 2008 GRANTOR RETAINED ANNUITY TRUST | ||
| By: | /s/ Donald deLaski | |
| Name: | Donald deLaski | |
| Title: | Trustee |
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