Welsh, Carson, Anderson & Stowe IX, L.P. 320 Park Avenue, Suite 2500 New York, NY 10022-6815 June 11, 2002
Exhibit 10.2
Welsh, Carson, Xxxxxxxx & Xxxxx IX, L.P.
000 Xxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000-0000
June 11, 2002
LabOne, Inc.
00000 Xxxxxx Xxxx.
Xxxxxx, XX 00000
Attention: Xxxxxx X. Xxxxxx, Esq.
Facsimile: (000) 000-0000
And
Attention: Xxxx XxXxxxx
Facsimile: (000) 000-0000
Re: Amendment No.2 to the Securities Purchase Agreement, dated as of August 31, 2001 (the "Agreement"), among LabOne, Inc. (the "Company"), Welsh, Carson, Xxxxxxxx & Xxxxx IX, L.P. (the "Purchaser Representative") and the other purchasers named on Schedule I thereto
Gentlemen:
In accordance with the provisions of Section 9.06 of the Agreement, the Company and the Purchaser Representative on behalf of the Purchasers (as defined in the Agreement) hereby agree to amend:
(1) Section 6.09(a)(i)(C) of the Agreement by deleting such subsection in its entirety and replacing it with the following:
"(C) Any and all Indebtedness of the Company and/or its Subsidiaries ("Senior Credit Agreement Indebtedness") under or in connection with the Credit Agreement, dated as of June 11, 2002 (the "June 2002 Credit Agreement"), among the Company, the lenders party thereto, and JPMorgan Chase Bank, as Issuing Bank, Administrative Agent and Collateral Agent (as such terms are defined in the June 2002 Credit Agreement) and/or under or in connection with the other Loan Documents (as such term is defined in the June 2002 Credit Agreement) (such Loan Documents, together with the June 2002 Credit Agreement, the "Senior Credit Agreement"), as the Senior Credit Agreement may be amended, modified, supplemented, amended, restated, extended, renewed, refinanced and/or replaced from time to time (in an aggregate principal amount not exceeding the Senior Credit Agreement Maximum (as defined below)), in an aggregate principal amount not exceeding the lesser of (x) the aggregate principal amount from time to time of the Revolving Commitment (as defined in the June 2002 Credit Agreement) of all lenders under the Senior Credit Agreement and (y) $100,000,000 (the "Senior Credit Agreement Maximum");";
(2) Section 6.04(b) of the Agreement by adding the words "either of which is" immediately following the words "any debt or equity security" at the beginning of the third line of such section; and
(3) Section 6.05(a) and Section 6.05(f) of the Agreement by deleting the first parenthetical appearing in such section and replacing it with the following: "(other than Senior Credit Agreement Indebtedness or other debt which by its terms is not subordinate to any other debt or obligations of the Company)".
In addition, the Purchaser Representative hereby acknowledges and agrees that the execution, delivery and performance of the Senior Credit Agreement by the Loan Parties (as defined in the June 2002 Credit Agreement) does not constitute the sale, lease, transfer or other divestiture of material assets outside the ordinary course of business by any of the Loan Parties under Section 6.08(iii) of the Agreement.
Except as provided herein, no other amendments or modifications are being made to the Agreement. This amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. Any or all of such counterparts may be executed and delivered by facsimile.
WELSH, CARSON, XXXXXXXX & XXXXX IX, L.P.,
as Purchaser Representative
By: WCAS IX Associates LLC,
Its General Partner
By: /s/ D. Xxxxx Xxxxxxx
Name: D. Xxxxx Xxxxxxx
Title: Managing Member
Accepted and agreed to as of
the day and year first above written:
LABONE, INC.
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Executive Vice President and General Council
cc:
Xxxxxxx Xxxxxxxx Xxxxxx LLP
0000 Xxxxx Xxxxxx
Xxxxxx Xxxx, XX 00000-0000
Attention: Xxxxxxx X. Xxxxxx, Esq.
Facsimile: (000) 000-0000