TENDER AND SUPPORT AGREEMENT
EXHIBIT 1
Execution Version — Victory Park
Execution Version — Victory Park
THIS TENDER AND SUPPORT AGREEMENT (this “Agreement”) dated as of January 31, 2010 is
made by and among Haemonetics Corporation, a Massachusetts corporation (“Parent”), Atlas
Acquisition Corp., a Colorado corporation and wholly owned subsidiary of Parent
(“Purchaser”), and the securityholder of Global Med Technologies, Inc., a Colorado
corporation (the “Company”) listed on Annex I (the “Stockholder”).
WHEREAS, Stockholder owns shares of the Company’s common stock, par value $0.01 per share
(“Seller Common Stock”), shares of the Company’s Series A Convertible Preferred Stock, par
value $0.01 per share (“Seller Series A Convertible Preferred Stock”), and warrants issued
by the Company to purchase shares of Seller Common Stock (“Seller Warrants” and
collectively with the Seller Common Stock and Seller Series A Convertible Preferred Stock,
“Securities”);
WHEREAS, as of the date hereof, Stockholder is the beneficial owner (as defined in Rule 13d-3
under the Exchange Act) of the number and type of Securities set forth opposite Stockholder’s name
under the heading “Securities Beneficially Owned” on Annex I (all such Securities owned
directly or indirectly through a broker which are outstanding as of the date hereof and which may
hereafter be acquired pursuant to acquisition by purchase, conversion, stock dividend,
distribution, stock split, split-up, combination, merger, consolidation, reorganization,
recapitalization, combination or similar transaction, being referred to herein as the “Subject
Securities;” provided that “Subject Securities” shall not include Securities
beneficially owned in the form of Seller Warrants, but only to the extent such Securities remain
unvested, restricted or unexercised, as the case may be);
WHEREAS, contemporaneously with the execution of this Agreement, Parent, Purchaser and the
Company are entering into an Agreement and Plan of Merger, dated as of the date hereof (the
“Merger Agreement”), providing, among other things, for (i) an offer by Purchaser (the
“Offer”) to purchase all of the outstanding shares of (A) Seller Common Stock at a price of
$1.22 per share in cash (such amount or any higher amount per share that may be paid pursuant to
the Offer, the “Common Stock Offer Price”) and (B) Seller Series A Convertible Preferred
Stock at a price of $1,694.44 per share (such amount or any higher amount per share that may be
paid pursuant to the Offer, the “Preferred Stock Offer Price”) and (ii) following the
acceptance for payment of shares of Seller Common Stock and Seller Series A Convertible Preferred
Stock pursuant to the Offer, the merger of Purchaser with and into the Company (the “Merger”)
pursuant to which all then outstanding shares of Seller Common Stock will be converted into the
right to receive the Common Stock Offer Price and all then outstanding shares of Seller Series A
Convertible Preferred Stock will be converted into the right to receive the Preferred Stock Offer
Price;
WHEREAS, as a condition to their willingness to enter into the Merger Agreement, Parent
and Purchaser have requested that Stockholder, and in order to induce Parent and Purchaser to
enter into the Merger Agreement, Stockholder has agreed to, enter into this Agreement; and
WHEREAS, capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Merger Agreement.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration
given to each party hereto, the receipt of which is hereby acknowledged, the parties agree as
follows:
ARTICLE 1
AGREEMENT TO TENDER
AGREEMENT TO TENDER
Section 1.01 Agreement to Tender. Stockholder shall duly tender, in the
Offer, all of Stockholder’s Subject Securities pursuant to and in accordance with the terms of the
Offer; provided that the Common Stock Offer Price and/or the Preferred Stock Offer Price
does not decrease. On or prior to the Expiration Date, Stockholder shall (i) deliver to the
depositary designated in the Offer (the “Depositary”) (A) letter(s) of transmittal with
respect to Stockholder’s Subject Securities complying with the terms of the Offer, (B) a
certificate or certificates representing such Subject Securities or, in the case of a book-entry
transfer of any uncertificated Subject Securities, an “agent’s message” (or such other evidence, if
any, of transfer as the Depositary may reasonably request) and (C) all other documents or
instruments required to be delivered pursuant to the terms of the Offer, and/or (ii) instruct
Stockholder’s broker or such other Person that is the holder of record of Stockholder’s Subject
Securities to tender such Subject Securities pursuant to and in accordance with the terms of the
Offer. Stockholder shall duly tender to Purchaser during any Subsequent Offering Period provided by
Purchaser in accordance with the terms of the Offer, all of the Subject Securities, if any, which
shall have been issued or otherwise acquired by Stockholder after the expiration of the Offer.
Stockholder agrees that once Stockholder’s Subject Securities are tendered pursuant to the terms
hereof, Stockholder will not withdraw any tender of such Subject Securities, unless and until (x)
the Offer shall have been terminated or shall have expired, in each case, in accordance with the
terms of the Merger Agreement, or (y) this Agreement shall have been terminated in accordance with
Section 4.03 hereof.
Section 1.02 Voting of Subject Securities. At every meeting of the
stockholders of the Company called for such purpose, and at every adjournment or postponement
thereof, and with respect to every action by written consent of the stockholders of the Company in
lieu of a meeting, Stockholder shall, or shall cause the holder of record on any applicable record
date to, vote Stockholder’s Subject Securities (only as directed by Purchaser and to the extent
that any of Stockholder’s Subject Securities are not purchased
in the Offer and provided that the
Common Stock Offer Price and/or the Preferred Stock Offer Price was not decreased) (i) in favor of
the adoption and approval of the Merger Agreement and the transactions contemplated thereby, (ii)
against (A) any agreement or arrangement related to or in furtherance of any Acquisition Proposal,
(B) any liquidation, dissolution, recapitalization, extraordinary dividend or other significant
corporate reorganization of the Company or any of its Subsidiaries, (C) any other transaction the
consummation of which would impede, interfere with, prevent or materially delay the Offer or the
Merger, or (D) any action, proposal, transaction or agreement that would result in (x) a breach of
any covenant, representation or warranty or other obligation or agreement of the Company under the
Merger Agreement or of Stockholder under this Agreement or (y) the failure of any Tender Offer
Condition to be satisfied and (iii) in favor of
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any other matter necessary for consummation of the transactions contemplated by the Merger
Agreement, and in connection therewith, Stockholder shall execute any documents which are necessary
or appropriate in order to effectuate the foregoing. Stockholder shall retain at all times the
right to vote Stockholder’s Subject Securities in Stockholder’s sole discretion and without any
other limitation on those matters other than those set forth in this Section 1.02 that are at any
time or from time to time presented for consideration to the Company’s stockholders generally. In
the event that any meeting of the stockholders of the Company is held, Stockholder shall, or shall
cause the holder of record on any applicable record date to, appear at such meeting or otherwise
cause Stockholder’s Subject Securities (to the extent that any of Stockholder’s Subject Securities
are not purchased in the Offer and provided that the Common Stock Offer Price and/or the
Preferred Stock Offer Price was not decreased) to be counted as present thereat for purposes of
establishing a quorum.
Section 1.03 Stockholder Representatives on the Seller Board; Stockholder
Capacity. Notwithstanding any provision of this Agreement to the contrary, nothing in this
Agreement shall (or shall require any Stockholder to attempt to) affect or limit any Stockholder
who is a director or officer of the Company from acting in such capacity (it being understood that
this Agreement shall apply to Stockholder solely in Stockholder’s capacity as a stockholder of the
Company). In furtherance of the foregoing, Parent and Purchaser hereby acknowledge that certain
Representatives of, or other Persons appointed by or associated with, Stockholder are members of
the Seller Board. So long as any such Person continues to be a Director of the Company, nothing in
this Agreement shall be construed as preventing or otherwise affecting any actions taken by any
such Person in such Person’s capacity as a Director of the Company or from fulfilling the
obligations of such office (including the performance of obligations required by the fiduciary
obligations of any such Person acting solely in such Person’s capacity as a Director of the
Company).
ARTICLE 2
REPRESENTATIONS AND WARRANTIES
REPRESENTATIONS AND WARRANTIES
Section 2.01 Representations and Warranties of the Stockholder.
Stockholder hereby represents, warrants and covenants to Parent and Purchaser as follows:
(a) Authorization; Validity of Agreement; Necessary Action. Stockholder has all
requisite power and authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. To the extent applicable, the execution and delivery of this
Agreement and the consummation by Stockholder of the transactions contemplated hereby have been
duly authorized by all necessary action (corporate or otherwise) on the part of Stockholder. This
Agreement has been duly executed and delivered by Stockholder and constitutes a valid and binding
obligation of Stockholder, enforceable in accordance with its terms (except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and to general equity principles).
(b) Ownership. As of the date hereof, the number and type of Securities
beneficially owned (as defined in Rule 13d-3 under the Exchange Act) by Stockholder is set
forth opposite Stockholder’s name under the heading “Securities Beneficially Owned” on
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Annex I. Except as set forth on Annex I, Stockholder is the record owner of all
such Securities. Stockholder’s Subject Securities and Seller Warrants are, and (except as otherwise
expressly permitted by this Agreement) any additional Securities and any options and warrants to
purchase Securities, or any other securities of the Company convertible, exercisable or
exchangeable into Securities that are acquired by Stockholder after the date hereof and prior to
the Effective Time will be, owned beneficially by Stockholder. As of the date hereof, Stockholder’s
Subject Securities constitute all of the securities of the Company (other than Securities
beneficially owned in the form of Seller Warrants outstanding as of the date hereof and listed on
Annex I) held of record, beneficially owned by or for which voting power or disposition
power is held or shared by Stockholder or its Affiliates. Stockholder has and (except as otherwise
expressly permitted by this Agreement) will have at all times through the Effective Time voting
power, power of disposition, power to issue instructions with respect to the matters set forth in
Article 1, Article 3, and Section 4.03 hereof, and right, power and authority to agree to all of
the matters set forth in this Agreement, in each case with respect to all of Stockholder’s Subject
Securities and with respect to all of Stockholder’s Securities at all times through the Effective
Time, with no limitations, qualifications or restrictions on such rights, subject to the express
terms of such Securities, applicable federal securities laws and the terms of this Agreement.
Stockholder further represents that any proxies heretofore given in respect of the Securities owned
beneficially and of record by Stockholder are revocable, and hereby revokes such proxies.
(c) No Violation. The execution and delivery of this Agreement by Stockholder does
not, and the performance by Stockholder of its obligations under this Agreement will not, (i)
assuming the filing of such reports as may be required under Sections 13(d) and 16 of the Exchange
Act, which Stockholder will file, conflict with or violate any Law applicable to Stockholder or by
which any of Stockholder’s assets or properties is bound, (ii) conflict with, result in any breach
of or constitute a default (or an event that with notice or lapse of time or both would become a
default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, or require payment under, or result in the creation of any Encumbrance on the
properties or assets of Stockholder pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit, franchise or other instrument or obligation to which Stockholder
is a party or by which Stockholder or any of Stockholder’s assets or properties is bound, or (iii)
require any consent, approval, authorization or permit of, or filing with or notification to any
Governmental Authority (except for filings that may be required under the Exchange Act and the HSR
Act), except for any of the foregoing as could not reasonably be expected, either individually or
in the aggregate, to materially impair the ability of Stockholder to perform Stockholder’s
obligations hereunder or to consummate the transactions contemplated hereby.
(d) Reliance. Stockholder understands and acknowledges that Parent and Purchaser are
entering into the Merger Agreement in reliance upon Stockholder’s execution and delivery of this
Agreement.
(e) Absence of Litigation. As of the date hereof, there is no suit, action,
investigation or proceeding pending or, to the knowledge of Stockholder, threatened against
Stockholder before or by any Governmental Authority that would materially impair the ability of
Stockholder to perform its obligations hereunder or to consummate the transactions contemplated
hereby.
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Section 2.02 Representations and Warranties of Parent and Purchaser. Each of Parent
and Purchaser, jointly and severally, hereby represents and warrants to Stockholder as follows:
(a) Authorization; Validity of Agreement; Necessary Action. Each of Parent and
Purchaser is an entity duly organized, validly existing and in good standing under the laws of the
state wherein it is formed. Each of Parent and Purchaser has all requisite power and authority to
execute and deliver this Agreement and the Merger Agreement and to consummate the transactions
contemplated hereby and thereby. The execution and delivery of this Agreement and the Merger
Agreement and the consummation by Parent and Purchaser of the transactions contemplated hereby and
thereby have been duly authorized by all necessary action on the part of Parent and Purchaser. This
Agreement and the Merger Agreement have been duly executed and delivered by Parent and Purchaser
and constitute valid and binding obligations of each of them, enforceable in accordance with their
terms (except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally and to general
equity principles).
(b) No Conflicts. The execution and delivery of this Agreement and the Merger
Agreement by Parent and Purchaser does not, and the performance by each of them of its obligations
under this Agreement and the Merger Agreement will not, (i) conflict with or violate any Law
applicable to Parent and Purchaser or by which any of their assets or properties is bound or (ii)
conflict with, result in any breach of or constitute a default (or an event that with notice or
lapse of time or both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, or require payment under, or result in the creation of
any Encumbrance on the properties or assets of Parent or Purchaser pursuant to, any note, bond,
mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or
obligation to which Parent or Purchaser is a party or by which Parent or Purchaser or any of their
respective assets or properties is bound, except for any of the foregoing in (i) or (ii) above as
could not reasonably be expected, either individually or in the aggregate, to materially impair the
ability of Parent and Purchaser to perform their obligations hereunder or to consummate the
transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the
Merger Agreement by Parent and Purchaser does not, and the performance of this Agreement and the
Merger Agreement by Parent and Purchaser will not, require any consent, approval, authorization or
permit of, or filing with or notification to any
(i) Governmental Authority, except for filings that may be required under the Exchange Act and the
HSR Act or (ii) third party, except, in the case of (i) or (ii) above, as could not reasonably be
expected, either individually or in the aggregate, to materially impair the ability of Parent and
Purchaser to perform their obligations hereunder or to consummate the transactions contemplated
hereby.
ARTICLE 3
OTHER COVENANTS
OTHER COVENANTS
Section 3.01 No Transfers. Stockholder hereby agrees, while this Agreement
is in effect, and except as expressly contemplated or otherwise permitted hereby, not to, directly
or indirectly (i) grant any proxies or enter into any voting trust or other agreement or
arrangement with respect to the voting of any Securities or (ii) sell, transfer, pledge, encumber,
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assign, distribute, gift or otherwise dispose of (including by operation of law, other than by
death of any person) or, in the case of shares of Seller Series A Convertible Preferred Stock,
redeem or convert such shares into shares of Seller Common Stock (collectively, a
“Transfer”) or enter into any contract, option or other arrangement or understanding with
respect to any Transfer (whether by actual disposition or effective economic disposition due to
hedging, cash settlement or otherwise) of, any Securities owned beneficially or of record as of the
date hereof, any additional Securities and other securities of the Company acquired beneficially or
of record by Stockholder after the date hereof, or any interest therein.
Section 3.02 Changes to Securities. In case of a stock dividend or
distribution, or any change in Securities by reason of any stock dividend or distribution,
split-up, recapitalization, combination, exchange of shares or the like, the term “Securities”
shall be deemed to refer to and include the Securities as well as all such stock dividends and
distributions and any securities into which or for which any or all of the Securities may be
changed or exchanged or which are received in such transaction. Stockholder agrees, while this
Agreement is in effect, to notify Parent promptly in writing of the number of any additional
Securities or other securities of the Company acquired by Stockholder, if any, after the date
hereof.
Section 3.03 Publicity: Documentation and Information. Parent or Purchaser
will, to the extent reasonably practicable, consult with Stockholder before issuing any press
release or otherwise making any public statements or disclosures with respect to this Agreement or
the other transactions contemplated hereby, except as may be required by Law or applicable stock
exchange rules. Stockholder hereby authorizes Parent and Purchaser to publish and disclose in the
Offer Documents, any announcement or disclosure required by the rules of any stock exchange, any
filing with any Governmental Authority required to be made in connection with the Merger, the Offer
and all related transactions, and, if approval of the Company’s stockholders is required under
applicable Law, the Proxy Statement or the Information Statement (including all documents and
schedules filed with the SEC in connection with the foregoing), Stockholder’s identity and
ownership of the Securities and its commitments, arrangements and understandings under this
Agreement, provided that Stockholder and its counsel shall have the right to approve the
form and content of any references to Stockholder in any such disclosure documents, announcements
or filings, any such approval not to be unreasonably withheld or delayed. Stockholder, upon request
and after consultation by Parent and Purchaser, agrees as promptly as practicable to give to Parent
any information that Parent may reasonably require for the preparation of any such disclosure
documents. Stockholder agrees as promptly as practicable to notify Parent of any required
corrections with respect to any written information supplied by Stockholder specifically for use in
any such disclosure document, if and to the extent Stockholder becomes aware that any such
information shall have become false or misleading in any material respect.
Section 3.04 Dissenters’ Rights. Stockholder hereby waives, and agrees not
to exercise or assert, if applicable, any dissenters’ rights under Article 113 of the Colorado
Business Corporation Act in connection with the Merger and to take all actions necessary to opt out
of any class in any class action with respect to, any claim, derivative or otherwise, against the
Company or any of its subsidiaries (or any of their respective successors) relating to the
negotiation, execution and delivery of this Agreement or the Merger Agreement or the consummation
of the Merger or any of the other transactions contemplated hereby or thereby.
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Section 3.05 Non-Solicitation. Stockholder shall not and shall not authorize
any of its representatives or Affiliates to directly or indirectly (i) solicit, initiate, knowingly
encourage or knowingly facilitate (including by way of providing non-public information) the
submission of any inquiry, indication of interest, proposal or offer that constitutes, or may
reasonably be expected to lead to, an Acquisition Proposal or participate in or knowingly
facilitate any discussions or negotiations with respect thereto, or (ii) approve or recommend, or
publicly propose to approve or recommend, an Acquisition Proposal or enter into any merger
agreement, letter of intent, agreement in principle, share purchase agreement, asset purchase
agreement or share exchange agreement, option agreement or other similar agreement that may
reasonably be expected to lead to an Acquisition Proposal or enter into any letter of intent,
agreement or agreement in principle requiring Stockholder (whether or not subject to conditions) to
abandon, terminate or fail to consummate the transactions contemplated hereby or breach its
obligations hereunder; provided that Stockholder may have discussions or negotiations with
any Qualified Bidder from and after the time that the Seller Board has entered into discussions or
negotiations with such Qualified Bidder in accordance with Section 7.2(c) of the Merger Agreement;
provided, however, that Stockholder shall terminate any such discussions or
negotiations with the Qualified Bidder simultaneously with the termination of such discussions or
negotiations by the Seller Board or immediately upon the withdrawal of the Acquisition Proposal by
such Qualified Bidder. Stockholder shall notify Parent promptly (and in any event within 24 hours)
of the commencement of any discussions or negotiations between Stockholder and any such Qualified
Bidder.
Section 3.06 Derivative Securities. Nothing in this Agreement shall
obligate Stockholder to exercise any Seller Warrant. Stockholder acknowledges that, in the event
that Stockholder determines to exercise any Seller Warrant prior to the expiration of the Offer,
the shares of Seller Common Stock acquired by Stockholder in connection with such exercise shall
constitute “Subject Securities” hereunder and shall be tendered in the Offer by Stockholder in
accordance with Section 1.01. Stockholder further acknowledges and agrees that any Seller Warrant
may be exercised by Stockholder up until the expiration of the Offer, but if not so exercised prior
to the expiration of the Offer, shall be terminated at the Effective Time of the Merger in
accordance with the terms of the Merger Agreement in exchange for a lump sum cash payment (without
interest), less any applicable withholding taxes, equal to the product of (i) the excess, if any,
of (A) the Common Stock Offer Price over (B) the per share exercise price for such Seller Warrant
and (ii) the then vested and exercisable number of shares subject to such Seller Warrant.
ARTICLE 4
MISCELLANEOUS
MISCELLANEOUS
Section 4.01 Notices. All notices and other communications hereunder shall
be in writing and shall be deemed given if delivered to Parent and Purchaser in accordance with
Section 10.3 of the Merger Agreement and to Stockholder at its address set forth below its
signature hereto, together with a copy to Stockholder’s legal counsel: Xxxxxx & Xxxxxxx LLP, 000 X.
Xxxxxx Xx., Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000, Attn: Xxxxxxx X. Xxxxx (or at such other address
for a party as shall be specified by like notice).
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Section 4.02 Further Assurances. Stockholder shall, from time to time, execute and
deliver, or cause to be executed and delivered, such additional or further consents, documents and
other instruments as Parent or Purchaser may reasonably request for the purpose of effectively
carrying out the transactions contemplated by this Agreement.
Section 4.03 Termination. This Agreement shall terminate upon the earliest
to occur of (i) the termination of the Merger Agreement in accordance with its terms, (ii) the
Effective Time, (iii) upon mutual written agreement of the parties hereto to terminate this
Agreement, (iv) any decrease of the Common Stock Offer Price and/or the Preferred Stock Offer
Price, (v) the acquisition by Parent of all of the Subject Securities, whether pursuant to the
Offer or otherwise, (vi) the termination of the Offer prior to the Acceptance Time, or (vii) the
Company having effected an Adverse Change Recommendation pursuant to and in accordance with Section
7.2(d) of the Merger Agreement. In the event of a termination of this Agreement pursuant to this
Section 4.03, this Agreement shall become void and of no effect with no liability on the part of
any party hereto; provided that the provisions of Article 4, but excluding Section 4.02,
shall survive the termination of this Agreement, and no such termination shall relieve any party
hereto from any liability for any breach of this Agreement occurring prior to such termination.
Section 4.04 Amendments and Waivers.
(a) The parties hereto may modify or amend this Agreement by written agreement executed
and delivered by duly authorized officers of the respective parties.
(b) Any failure of any of the parties to comply with any obligation, covenant, agreement or
condition herein may be waived by the party or parties entitled to the benefits thereof only by a
written instrument signed by the party expressly granting such waiver, but such waiver or failure
to insist upon strict compliance with such obligation, covenant, agreement or condition shall not
operate as a waiver of, or estoppel with respect to, any subsequent or other failure.
Section 4.05 Expenses. All costs and expenses incurred in connection with
this Agreement shall be paid by the party incurring such costs and expenses, whether or not the
transactions contemplated by this Agreement or the Merger Agreement are consummated.
Section 4.06 Binding Effect; Benefit; Assignment. Neither this Agreement
nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties
hereto (whether by operation of law or otherwise) without the prior written consent of the other
parties. Subject to the preceding sentence, this Agreement will be binding upon, inure to the
benefit of and be enforceable by the parties and their respective permitted successors and assigns.
Section 4.07 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the Commonwealth of Massachusetts without regard to its
rules of conflict of laws, except to the extent that the laws of the State of Colorado apply to the
Merger and the rights of Stockholder relative to the Merger.
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Section 4.08 Jurisdiction. Each of the parties hereto (a) consents to
submit itself to the exclusive personal jurisdiction of the courts of the State of New York, New
York County, or if that court does not have jurisdiction, a federal court sitting in the State of
New York (the “New York Courts”) in any action or proceeding arising out of or relating to
this Agreement or any of the transactions contemplated by this Agreement, (b) agrees that all
claims in respect of such action or proceeding may be heard and determined in any such court, (c)
agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court, and (d) agrees not to bring any action or proceeding arising
out of or relating to this Agreement or any of the transactions contemplated by this Agreement in
any other court. Each of the parties hereto waives any defense or inconvenient forum to the
maintenance of any action or proceeding so brought and waives any bond, surety or other security
that might be required of any other party with respect thereto. Each of Parent, Purchaser and
Stockholder agrees that a final judgment in any action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law.
Section 4.09 Service of Process. To the extent permitted by applicable law,
any party hereto may make service on another party hereto by mailing copies thereof by registered
or certified United States mail, postage prepaid, return receipt requested, to such party’s address
as specified in or pursuant to Section 4.01 hereof. However, the foregoing shall not affect the
right of any party to serve legal process in any other manner permitted by law.
Section 4.10 Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT
ANY CONTROVERSY OR DISPUTE THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND
DIFFICULT ISSUES AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY
RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE
IMPLICATIONS OF THIS WAIVER, (iii) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) EACH SUCH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS OF THIS SECTION 4.10.
Section 4.11 Entire Agreement; Third Party Beneficiaries. This Agreement
(a) constitutes the entire agreement and supersedes all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof and (b) is not
intended to confer upon any Person other than the parties hereto any rights or remedies hereunder.
Section 4.12 Severability. If any term, provision, covenant or restriction
of this Agreement is held by a court of competent jurisdiction or other authority to be invalid,
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void, unenforceable or against its regulatory policy, the remainder of the terms, provisions,
covenants and restrictions of this Agreement shall remain in full force and effect and shall in no
way be affected, impaired or invalidated.
Section 4.13 Specific Performance. Each of the parties hereto acknowledges
and agrees that, in the event of any breach of this Agreement, each nonbreaching party would be
irreparably and immediately harmed and could not be made whole by monetary damages. It is
accordingly agreed that the parties hereto (a) will waive, in any action for specific performance,
the defense of adequacy of a remedy at law and (b) shall be entitled, in addition to any other
remedy to which they may be entitled at law or in equity, to compel specific performance of this
Agreement in any action instituted in accordance with Section 4.08 hereof.
Section 4.14 Headings. The Section headings contained in this
Agreement are inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.
Section 4.15 Interpretation. Any reference to any national, state, local or
foreign Law shall be deemed also to refer to all rules and regulations promulgated thereunder,
unless the context otherwise requires. When a reference is made in this Agreement to Sections, such
reference shall be to a Section to this Agreement unless otherwise indicated. Whenever the words
“include,” “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation.”
Section 4.16 No Presumption. This Agreement shall be construed without
regard to any presumption or rule requiring construction or interpretation against the party
drafting or causing any instrument to be drafted.
Section 4.17 Counterparts. This Agreement may be executed in multiple
counterparts, all of which shall together be considered one and the same agreement.
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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.
HAEMONETICS CORPORATION |
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By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | President and Chief Executive Officer | |||
ATLAS ACQUISITION CORP. |
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By: | /s/ Xxxxxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxxxxx X. Xxxxxx | |||
Title: | President | |||
VICTORY PARK SPECIAL SITUATIONS MASTER FUND LTD. By: Victory Park Capital Advisors, LLC Its: Investment Manager |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Its: General Counsel | ||||
Notice Address: Victory Park Capital Advisors, LLC 000 Xxxx Xxxxxx Xx. Xxxxx 0000 Xxxxxxx, Xxxxxxxx 00000 |
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ANNEX
I
Securities | ||||||||||||||||
Beneficially Owned | ||||||||||||||||
Name of | Series A | |||||||||||||||
Record | Seller | Convertible | ||||||||||||||
Holder | Common | Preferred | Seller | |||||||||||||
Stockholder | (if different) | Stock1 | Stock | Warrants | ||||||||||||
Victory Park Special Situations Master Fund, Ltd. |
4,876,765 | 3,960 | 4,125,000 |
1 | Does not reflect the common shares that may be deemed to be beneficially owned upon the exercise of Seller Warrants and/or the conversion of Series A Convertible Preferred Stock. |
A-1