TENDER AND SUPPORT AGREEMENT
Exhibit (d)(2)(A)
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 each securityholder of Global Med Technologies, Inc., a Colorado
corporation (the “Company”) listed on Annex I (each, a “Stockholder” and
collectively, the “Stockholders”).
WHEREAS, each Stockholder owns shares of the Company’s common stock, par value $0.01 per share
(“Seller Common Stock”), potentially including shares of Seller Common Stock subject to
restrictions and forfeiture (“Seller Restricted Stock”), shares of the Company’s Series A
Convertible Preferred Stock, par value $0.01 per share (“Seller Series A Convertible Preferred
Stock”), options issued by the Company to purchase shares of Seller Common Stock (“Seller
Stock Options”) or warrants issued by the Company to purchase shares of Seller Common Stock
(“Seller Warrants” and collectively with the Seller Common Stock (potentially including
Seller Restricted Stock), Seller Series A Convertible Preferred Stock and Seller Stock Options,
“Securities”);
WHEREAS, as of the date hereof, each 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 such
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 Stock Options, Seller Restricted Stock or Seller Warrants,
but only to the extent such Securities remain unvested, restricted or unexercised, as the case may
be);
WHEREAS, as a condition to their willingness to enter into the Agreement and Plan of Merger
(the “Merger Agreement”) dated as of the date hereof by and among Parent, Purchaser and the
Company, Parent and Purchaser have requested that each Stockholder, and in order to induce Parent
and Purchaser to enter into the Merger Agreement, each 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. Each Stockholder shall duly tender, in the Offer, all of
such Stockholder’s Subject Securities pursuant to and in accordance with the terms of the Offer;
provided that, in the case of Seller Common Stock, the Common Stock Offer Price does not
decrease and, in the case of Seller Series A Convertible Preferred Stock, the Preferred Stock Offer
Price does not decrease. Promptly, but in any event no later than ten (10) Business Days after the
commencement of the Offer, each Stockholder shall (i) deliver to the depositary designated in the
Offer (the “Depositary”) (A) letter(s) of transmittal with respect to such 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 such 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. Each 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. Each
Stockholder agrees that once such Stockholder’s Subject Securities are tendered pursuant to the
terms hereof, such 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, each
Stockholder shall, or shall cause the holder of record on any applicable record date to, vote such
Stockholder’s Subject Securities (to the extent that any of such Stockholder’s Subject Securities
are not purchased in the Offer and provided that in the case of Seller Common Stock, the
Common Stock Offer Price was not decreased and, in the case of Seller Series A Convertible
Preferred Stock, 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 reasonably be expected to impede, interfere with, prevent or materially
delay the Offer or the Merger, or (D) any action, proposal, transaction or agreement that would
reasonably be expected to 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 such Stockholder
under this Agreement or (y) the failure of any Tender Offer Condition to be satisfied and (iii) in
favor of any other matter necessary for consummation of the transactions contemplated by the Merger
Agreement, and in connection therewith, such Stockholder shall execute any documents which are
necessary or appropriate in order to effectuate the foregoing. Each Stockholder shall retain at
all times the right to vote such
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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, such Stockholder shall, or shall cause the
holder of record on any applicable record date to, appear at such meeting or otherwise cause such
Stockholder’s Subject Securities (to the extent that any of such Stockholder’s Subject Securities
are not purchased in the Offer and provided that in the case of Seller Common Stock, the
Common Stock Offer Price was not decreased and, in the case of Seller Series A Convertible
Preferred Stock, 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 each Stockholder solely in each
Stockholder’s capacity as a stockholder of the Company). In furtherance of the foregoing, Parent
and Purchaser hereby acknowledge that certain Stockholders and/or Affiliates of certain
Stockholders are members of the Seller Board. So long as any such Stockholder or Affiliate
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 Stockholder or Affiliate 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 Stockholders. Each Stockholder hereby
severally but not jointly represents, warrants and covenants to Parent and Purchaser as follows:
(a) Authorization; Validity of Agreement; Necessary Action. Such 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 such Stockholder.
This Agreement has been duly executed and delivered by such Stockholder and constitutes a valid and
binding obligation of such 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). If such
Stockholder is married and the Securities set forth on Annex I hereto constitute community
property under applicable laws, this Agreement has been duly authorized, executed and delivered by,
and constitutes the valid and binding agreement of, such Stockholder’s spouse.
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(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 such Stockholder is set forth opposite
such Stockholder’s name under the heading “Securities Beneficially Owned” on Annex I.
Except as set forth on Annex I, Stockholder is the record owner of all such Securities.
Such Stockholder’s Subject Securities, Seller Stock Options, Seller Restricted Stock 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, such Stockholder’s Subject Securities constitute all of the securities of
the Company (other than Securities beneficially owned in the form of Seller Stock Options, Seller
Restricted Stock or 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. Such Stockholder has and (except as otherwise expressly permitted by
this Agreement) will have at all times through the Effective Time sole voting power, sole power of
disposition, sole power to issue instructions with respect to the matters set forth in Article 1,
Article 3, and Section 4.03 hereof, and sole right, power and authority to agree to all of the
matters set forth in this Agreement, in each case with respect to all of such Stockholder’s Subject
Securities and with respect to all of such 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. Such Stockholder has good, valid and marketable title to such Stockholder’s Subject
Securities, free and clear of any Encumbrances and such Stockholder will have good, valid, and
marketable title to all of such Stockholder’s Securities at all times through the Effective Time,
free and clear of any Encumbrances. Such Stockholder further represents that any proxies
heretofore given in respect of the Securities owned beneficially and of record by such Stockholder
are revocable, and hereby revokes such proxies.
(c) No Violation. The execution and delivery of this Agreement by such Stockholder
does not, and the performance by such 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 such Stockholder will file, conflict with or violate any Law applicable to such
Stockholder or by which any of such Stockholder’s 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 such Stockholder pursuant to, any note, bond, mortgage,
indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation
to which such Stockholder is a party or by which such Stockholder or any of such Stockholder’s
assets or properties is bound, except for any of the foregoing as could not reasonably be expected,
either individually or in the aggregate, to materially impair the ability of such Stockholder to
perform such Stockholder’s obligations hereunder or to consummate the transactions contemplated
hereby on a timely basis. The execution and delivery of this Agreement by such Stockholder does
not, and the performance of this Agreement by such Stockholder will not, require any consent,
approval, authorization or permit of, or filing with or notification to any (i) Governmental
Authority, except for filings that
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may be required under the
Exchange Act and the HSR Act or (ii) third party (including with respect to individuals, any
spouse, and with respect to trusts, any co-trustee or beneficiary).
(d) Reliance. Such Stockholder understands and acknowledges that Parent and Purchaser
are entering into the Merger Agreement in reliance upon such 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 such Stockholder, threatened against
such Stockholder before or by any Governmental Authority that would impair the ability of such
Stockholder to perform its obligations hereunder or to consummate the transactions contemplated
hereby on a timely basis.
(f) Stockholder has Adequate Information. Such Stockholder is a sophisticated seller
with respect to the Securities and has adequate information concerning the business and financial
condition of the Company to make an informed decision regarding the sale of the Securities and has
independently and without reliance upon either Parent or Purchaser and based on such information as
such Stockholder has deemed appropriate, made its own analysis and decision to enter into this
Agreement. Such Stockholder acknowledges that neither Parent nor Purchaser has made and neither
makes any representation or warranty, whether express or implied, of any kind or character except
as expressly set forth in this Agreement. Each Stockholder acknowledges that the agreements
contained herein with respect to the Securities by such Stockholder is irrevocable.
(g) Finder’s Fees. No broker, investment bank, financial advisor or other person is
entitled to any broker’s, finder’s, financial adviser’s or similar fee or commission in connection
with the transactions contemplated hereby based upon arrangements made by or on behalf of such
Stockholder.
Section 2.02 Representations and Warranties of Parent and Purchaser. Each of Parent and
Purchaser, jointly and severally, hereby represents and warrants to each 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 to consummate the transactions contemplated hereby. The
execution and delivery of this Agreement and the consummation by Parent and Purchaser of the
transactions contemplated hereby have been duly authorized by all necessary action on the part of
Parent and Purchaser. This Agreement has been duly executed and delivered by Parent and Purchaser
and constitutes a valid and binding obligation of each of them, 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) No Conflicts. The execution and delivery of this Agreement by Parent and
Purchaser does not, and the performance by each of them of its obligations under this
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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 on a
timely basis. The execution and delivery of this Agreement by Parent and Purchaser does not, and
the performance of this 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 on a timely basis.
ARTICLE 3
OTHER COVENANTS
OTHER COVENANTS
Section 3.01 (a) No Transfers. Each Stockholder hereby agrees, while this Agreement is in
effect, and except as expressly contemplated 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, 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. Such Stockholder shall not take any of the actions with respect to such
Stockholder’s Securities that the Company is prohibited from taking under Section 6.1 of the Merger
Agreement.
(b) No Groups. Each Stockholder agrees that it shall not, and shall cause each of its
Affiliates not to, become a member of a “group” (as that term is used in Section 13(d) of the
Exchange Act) that it is not currently a part of and that has been disclosed in a filing on
Schedule 13D prior to the date hereof (other than as a result of entering into this Agreement) with
respect to any Securities for the purpose of opposing or competing with the transactions
contemplated by the Merger Agreement.
(c) Stop Transfer Order. In furtherance of this Agreement, concurrently herewith,
each Stockholder shall, and hereby does authorize the Company or its counsel to,
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notify the Company’s transfer agent that there is a stop transfer order with respect to all of such
Stockholder’s Subject Securities (and that this Agreement places limits on the voting and transfer
of such Subject Securities). The parties hereto agree that such stop transfer order shall be
removed and shall be of no further force and effect upon termination of this Agreement in
accordance with Section 4.03 hereof.
(d) Street Name Subject Shares. Each Stockholder shall promptly deliver a letter to
each financial intermediary or other Person through which such Stockholder holds Subject Shares
that informs such Person of such Stockholder’s obligations under this Agreement.
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. Each 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 such 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 each 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. Each 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), its identity and ownership of the
Securities and its commitments, arrangements and understandings under this Agreement. Each
Stockholder 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. Each Stockholder agrees as promptly as practicable to notify Parent of any
required corrections with respect to any written information supplied by such Stockholder
specifically for use in any such disclosure document, if and to the extent such Stockholder becomes
aware that any such information shall have become false or misleading in any material respect.
Section 3.04 No Inconsistent Arrangements. Each Stockholder agrees, while
this Agreement is in effect, (i) not to take, agree or commit to take any action that would
reasonably be expected to make any representation or warranty of such Stockholder contained in this
Agreement inaccurate in any respect as of any time during the term of this Agreement or (ii) to
take all reasonable action necessary to prevent any such representation or warranty from being
inaccurate in any respect at any such time. Such Stockholder further agrees that it shall use
commercially reasonable efforts to cooperate with Parent, as and to the extent reasonably
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requested by Parent, to effect the transactions contemplated hereby including the Offer and
the Merger.
Section 3.05 Appraisal Rights. Such Stockholder hereby waives, and agrees not
to exercise or assert, if applicable, any appraisal 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.
Section 3.06 Non-Solicitation. Each Stockholder shall not and shall not
authorize or permit any of its representatives or Affiliates to directly or indirectly (i) solicit,
initiate, knowingly encourage or 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 facilitate any
discussions or negotiations with respect thereto or otherwise cooperate with or assist in any such
Acquisition Proposal, 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.
Section 3.07 Derivative Securities. Nothing in this Agreement shall obligate
any Stockholder to exercise any Seller Stock Option or Seller Warrant. Each Stockholder
acknowledges that, in the event that such Stockholder determines to exercise any Seller Stock
Option or Seller Warrant prior to the expiration of the Offer, the shares of Seller Common Stock
acquired by such 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 Stock Option or 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 Stock Option or Seller
Warrant and (ii) the then vested and exercisable number of shares subject to such Seller Stock
Option or 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 each Stockholder at its address set forth
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below
such Stockholder’s signature hereto (or at such other address for a party as shall be specified by
like notice).
Section 4.02 Further Assurances. Each 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 or
(iii) upon mutual written agreement of the parties hereto to terminate this 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.
Section 4.08 Jurisdiction. Each of the parties hereto (a) consents to submit itself to the
exclusive personal jurisdiction of the courts of the Commonwealth of Massachusetts, Suffolk County,
or if that court does not have jurisdiction, a federal court sitting
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in the Commonwealth of
Massachusetts (the “Massachusetts 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.
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, 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.
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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 Stockholder Obligations Several and Not Joint. The obligations of each
Stockholder hereunder shall be several and not joint and no Stockholder shall be liable for any
breach of the terms of this Agreement by any other Stockholder.
Section 4.15 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 4.16 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 4.17 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 4.18 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. |
||||
By: | /s/ Xxxxxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxxxxx X. Xxxxxx | |||
Title: | President | |||
STOCKHOLDER |
||||
By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
STOCKHOLDER |
||||
By: | /s/ Xxxxxx X. Xxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxx | |||
ANNEX I
Securities | ||||||||||||||||||||||||
Beneficially Owned | ||||||||||||||||||||||||
Name of | ||||||||||||||||||||||||
Record | Series A | |||||||||||||||||||||||
Holder | Seller Restricted | Convertible | ||||||||||||||||||||||
Stockholder | (if different) | Seller Common Stock | Stock | Preferred Stock | Seller Stock Options | Seller Warrants | ||||||||||||||||||
Xxxxxxx X. |
1,150,579 | 12 | 750,000 | |||||||||||||||||||||
Ruxin |
1 | Consists of (i) 892,071 shares held in the name of Xxxxxxx X. Xxxxx, (ii) 3,000 shares held in the name of Xxxxxxx Xxxxx & Xxxxx X. Xxxxxx XX TEN, (iii) 69,148 shares being transferred into the name of Xxxxxxx X. Xxxxx and (iv) 186,360 shares held in street name. | |
2 | 100,000 shares have been pledged as security for a loan, provided that such pledge will be released prior to the date on which Stockholder must tender such shares in accordance with Section 1.01 hereof. |
Securities | ||||||||||||||||||||||||
Beneficially Owned | ||||||||||||||||||||||||
Name of | ||||||||||||||||||||||||
Record | Series A | |||||||||||||||||||||||
Holder | Seller Restricted | Convertible | ||||||||||||||||||||||
Stockholder | (if different) | Seller Common Stock | Stock | Preferred Stock | Seller Stock Options | Seller Warrants | ||||||||||||||||||
Xxxxxx X. |
558,204 | 3 | 750,000 | |||||||||||||||||||||
Xxxxxxxx |
3 | Held in “street name” |