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EXHIBIT 10.1
STANDSTILL AND REGISTRATION RIGHTS AGREEMENT dated as of May 15, 2001
(this "AGREEMENT"), among PEDIATRIX MEDICAL GROUP, INC., a Florida corporation
(the "COMPANY"), Welsh, Carson, Xxxxxxxx & Xxxxx VII, L.P, a Delaware limited
partnership ("WCAS"), WCAS HEALTHCARE PARTNERS, L.P., a Delaware limited
partnership ("WHP"), the persons listed on SCHEDULE A hereto (such persons,
together with WCAS and WHP, being hereinafter referred to collectively as the
"WCAS PARTIES"), Xxxx X. Xxxxxxx, an individual ("CARLYLE"), CORDILLERA
INTEREST, LTD., a corporation ("CIL"), XXXXXX X. XXXX, an individual ("XXXX"),
XXX X. XXXXXX, M.D., an individual ("XXXXXX"; together with the WCAS Parties,
Carlyle, CIL and Xxxx, the "INVESTORS"), and XXXXX X. XXXXX, M.D., an individual
("XXXXX"), XXXXXXX XXXXXXXX, an individual ("BRATBERG"), XXXXXX XXXXXXX, an
individual ("XXXXXXX"), XXXX X. XXXXXX, an individual ("XXXXXX"), and XXXXX X.
XXXXXX, an individual ("XXXXXX"; together with Medel, Bratberg, Xxxxxxx and
Xxxxxx, "MANAGEMENT").
WITNESSETH:
WHEREAS pursuant to the Agreement and Plan of Merger dated as of
February 14, 2001 (the "MERGER Agreement"), among the Company, Infant
Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of the
Company ("SUB"), and MAGELLA HEALTHCARE CORPORATION, a Delaware corporation
("MAGELLA"), on the date hereof Sub will merge (the "MERGER") with and into
Magella, with Magella thereby becoming a wholly owned subsidiary of the Company;
WHEREAS, as a result of the Merger, the Investors will become owners in
the aggregate of 3,453,472 shares of common stock, par value $.01 per share, of
the Company;
WHEREAS the parties desire to set forth certain agreements with respect
to the Investors' ownership of Common Stock (as defined herein) and the Company
wishes to grant to certain Investors certain rights relating to the registration
of Common Stock; and
WHEREAS the parties desire to set forth certain agreements with respect
to Management's ownership of Common Stock.
NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
CERTAIN DEFINITIONS
SECTION 1.1. CERTAIN DEFINITIONS. For purposes of this Agreement:
"ADVERSE EVENT" has the meaning specified in Section 5.1(d).
"AFFILIATE" has the meaning specified in Rule 405 under the Securities
Act.
"BOARD" means the board of directors of the Company.
"CLOSING" has the meaning specified in the Merger Agreement.
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"CODE" means the United States Internal Revenue Code of 1986, as
amended.
"COMMISSION" means the United States Securities and Exchange Commission
or any other United States federal agency at the time administering the
Securities Act.
"COMMON STOCK" means the common stock, par value $.01 per share, of the
Company, or any security issued in exchange therefor by a successor entity to
the Company.
"DEMAND REGISTRATION" has the meaning specified in Section 5.1(a).
"DISPOSE" has the meaning specified in Section 3.1(a).
"EXCESS SHARES" means that number of shares of Common Stock held in the
aggregate by the WCAS Parties immediately after the Closing in excess of 9.9% of
the total then outstanding shares of Common Stock. In the event that the Company
effects any reclassification, stock split, stock dividend or stock combination
with respect to Common Stock, any change or conversion of Common Stock into
other securities or any redemption or repurchase of Common Stock, appropriate
and proportionate adjustments, if any, shall be made to the number of Excess
Shares (it being understood (i) that the purpose of the Shelf Registration is to
permit certain WCAS Parties to sell such number of shares of Common Stock so
that the WCAS Parties hold in the aggregate no more than 9.9% of the total then
outstanding shares of Common Stock at the first anniversary of the Closing and
(ii) that the Company shall amend or supplement the Shelf Registration if
required to effect such purpose).
"EXCHANGE ACT" means the United States Securities Exchange Act of 1934,
as amended, or any successor United States federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect
from time to time.
"GROUP" has the meaning contemplated in Rule 13d-5(b) under the
Exchange Act.
"INVESTOR APPROVAL" means, at any time, the approval of Investors
holding at least 51% of the Registrable Shares at such time.
"LOCK-UP PERIOD" means the 180-day period commencing on the date of the
Closing.
"PERSON" means an individual, a partnership, a company, a corporation,
a limited liability company, an association, a joint stock company, a trust, a
joint venture, an unincorporated organization or a governmental entity or any
department, agency or political subdivision thereof.
"PIGGYBACK REGISTRATION" has the meaning specified in Section 5.2(a).
"REGISTRABLE SHARES" means, at any time, any shares of Common Stock
held by an Investor that were received by such Investor (i) in the Merger, (ii)
as a distribution on or with respect to any Registrable Shares, (iii) through
any sale or transfer by another Investor that is permitted by this Agreement or
(iv) shares of Common Stock to be acquired upon the exercise of Substitute
Options (as defined in the Merger Agreement); provided, HOWEVER, that
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Registrable Shares shall not include any shares (x) the sale of which has been
registered pursuant to the Securities Act and which shares have been sold
pursuant to such registration, (y) which have been sold to the public pursuant
to Rule 144 of the Commission under the Securities Act ("RULE 144"), or (z) the
resale of which by an Investor has been registered pursuant to the Shelf
Registration.
"REGISTRATION EXPENSES" has the meaning specified in Section 5.6(a).
"SECURITIES ACT" means the United States Securities Act of 1933, as
amended, or any successor United States federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect
from time to time.
"SHELF REGISTRATION" has the meaning specified in Section 5.3(a).
"STANDSTILL PERIOD" means the six-year period commencing on the date of
the Closing.
"SUBSIDIARY" has the meaning ascribed to such term in the Merger
Agreement, except that in no event shall the Company or any of its Subsidiaries
be considered a Subsidiary of an Investor or any Affiliate of an Investor.
"TAKE-DOWN" has the meaning specified in Section 5.3(d).
"VOTING SECURITIES" means the Common Stock and any other securities
issued by the Company having the power to vote in the election of directors of
the Company, including without limitation any securities having such power only
upon the occurrence of a default or any other extraordinary contingency, but
excluding any preferred stock issued by the Company having only such rights to
elect up to two directors as are required by the rules of the principal stock
exchange on which such preferred stock is listed.
ARTICLE II
RESTRICTIONS ON ACQUISITION OF VOTING SECURITIES
SECTION 2.1. RESTRICTIONS ON ACQUISITION OF VOTING SECURITIES. (a) During the
Standstill Period, (i) each of the WCAS Parties will not, directly or
indirectly, acquire any Voting Securities and (ii) each Investor (other than the
WCAS Parties) will not, and will cause its Affiliates not to, directly or
indirectly, acquire any Voting Securities that result in such Investor and its
Affiliates owning in the aggregate, directly or indirectly, 5% or more of the
total Voting Securities then outstanding, except in each case (x) in the Merger,
(y) as contemplated by Section 3.2 or (z) directly from the Company (pursuant to
any stock dividend or other distribution, by purchase or otherwise).
(b) During the Standstill Period, except as permitted by Section 3.2,
the Investors (other than the WCAS Parties) will not, and will cause their
Affiliates not to, and each of the WCAS Parties will not, participate in making
or financing any tender or exchange offer with respect to any Voting Securities,
any proposal or offer for a merger, consolidation or other business combination
involving the Company or any Subsidiary of the Company or any proposal or offer
to acquire all or any substantial part of the assets or business of the Company
or any Subsidiary of the Company.
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ARTICLE III
RESTRICTIONS ON TRANSFERS OF VOTING SECURITIES
SECTION 3.1. RESTRICTIONS ON TRANSFERS. (a) Without the prior consent
of the Company and except as permitted by Section 3.2, during the Lock-Up
Period, (i) each Investor (other than the WCAS Parties) and each member of
Management will not, and will cause their respective Affiliates not to, directly
or indirectly, sell, transfer, pledge or otherwise dispose of, including through
any hedging or derivative transactions or otherwise (collectively, "DISPOSE"),
any Voting Securities owned by such Investor, member of Management or any of
their respective Affiliates and (ii) D. Xxxxx Xxxxxxx shall not Dispose of any
Voting Securities owned by him.
(b) Without the prior written consent of the Company and except as
permitted by paragraph (a) or (c) of Section 3.2, (i) during the 90-day period
commencing on the date of the Closing, the WCAS Parties (other than D. Xxxxx
Xxxxxxx) shall not Dispose of any Voting Securities owned by the WCAS Parties
and (ii) beginning on the date immediately following such 90-day period and
ending on the later of (x) the first anniversary of the Closing and (y) the
termination of the Shelf Registration as contemplated by Section 5.3(b), the
WCAS Parties (other than D. Xxxxx Xxxxxxx) shall not Dispose of, in the
aggregate, more than one-third of the Excess Shares in any 90-day period.
SECTION 3.2. PERMITTED TRANSFERS. Each Investor and each member of
Management or their respective Affiliates may sell or otherwise transfer all or
any portion of the Voting Securities owned by them as follows:
(a) from an Investor or a member of Management (or Affiliate of an
Investor or a member of Management) to an Affiliate of such Investor or such
member, or back to such Investor or a member of Management;
(b) for estate or tax planning purposes, (i) from an Investor or a
member of Management to members of such Investor's or such member of
Management's immediate family or trusts or other entities controlled solely by
such Investor or such member of Management and members of such Investor's or
such member of Management's immediate family or (ii) from an Investor or a
member of Management to any person meeting the requirements of Section 501(c)(3)
of the Code;
(c) to the Company or any of its Subsidiaries or any other Person
approved by the Company; or
(d) as a result of the death of such Investor or member of Management;
PROVIDED, HOWEVER, that, prior to the first sale or other transfer by an
Investor or a member of Management to any transferee permitted by clauses (a),
(b) or (d) of this Section 3.2, such permitted transferee agrees in writing to
be bound by this Agreement as if he, she or it were such Investor or member of
Management, as the case may be, in which case such permitted transferee shall
have benefits identical to those accruing to such Investor or member of
Management, as the case may be, under this Agreement, including without
limitation those set forth in Article V; PROVIDED FURTHER, that the aggregate
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number of Demand Registrations otherwise required to be provided by the Company
hereunder shall not be increased and that any permitted transferee under Section
3.2(b)(ii) shall not have any rights under Article V.
ARTICLE IV
VOTING OF SECURITIES
SECTION 4.1. VOTING OF SECURITIES. (a) During the Standstill Period,
each Investor (other than the WCAS Parties) will not, and will cause its
Affiliates not to, and each of the WCAS parties will not, (A) with respect to
any Voting Securities, solicit proxies or become a "participant" in a
"solicitation" (as such terms are defined in Regulation 14A under the Exchange
Act) in opposition to the Board, PROVIDED that neither the Investors nor any of
their Affiliates shall be deemed a "participant" for purposes of this Section
4.1(a) solely by reason of the membership of Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx and
D. Xxxxx Xxxxxxx (or of any other Affiliate of the WCAS Parties who may
subsequently become a member of the Board) on the Board as provided in Section
5.16 of the Merger Agreement, (B) call or seek to call any special meeting of
the Company's shareholders for any reason whatsoever, (C) deposit any Voting
Securities in a voting trust or subject any Voting Securities to any arrangement
or agreement with respect to the voting of such Voting Securities other than an
arrangement or agreement among one or more Investors and any of the Investors'
Affiliates to which Voting Securities have been transferred pursuant to Section
3.2(a), (D) form or join a group for the purpose of acquiring, holding, voting
or disposing of Voting Securities, other than a group consisting only of one or
more Investors, and any of their Affiliates to which Voting Securities have been
transferred pursuant to Section 3.2(a), (E) execute any written consent with
respect to any matter as a holder of Voting Securities (except upon the request
of the Company), or (F) publicly or otherwise request the Company or the Board
to amend, modify or waive any provision of Article I, II, III or IV of this
Agreement.
(b) During the Standstill Period, each Investor (other than the WCAS
Parties) will, and will cause its Affiliates to, vote all Voting Securities
owned, directly or indirectly, by it or by any of its Affiliates, and each of
the WCAS Parties will, vote all Voting Securities owned, directly or indirectly,
by it, at the option of the Board upon reasonable prior notice to such Investor,
either in accordance with the recommendation of the Board or in the same
proportion as the holders of Voting Securities who are not Affiliates of either
the Company or any Investor, with respect to or in connection with any proxy or
consent solicitation involving the election or removal of directors or any
proposal or offer (including, without limitation, any proposal or offer to
stockholders of the Company), not agreed to by the Company, for a merger,
consolidation, share exchange, business combination or other similar transaction
involving the Company or any of its Subsidiaries or to acquire in any manner,
directly or indirectly, an equity interest in, any voting securities of, or a
substantial portion of the assets of, the Company or any of its Subsidiaries.
ARTICLE V
REGISTRATION RIGHTS
SECTION 5.1. DEMAND REGISTRATIONS. (a) At any time after the Lock-up
Period, any one or more Investors holding at least 50% of the Registrable Shares
may request registration under the Securities Act of all or part of their
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Registrable Shares for sale in the manner specified in such request; PROVIDED,
HOWEVER, that the Company shall not be obligated to register Registrable Shares
pursuant to this Section 5.1(a) on more than one occasion in the aggregate, or
after the additional take-down referred to in Section 5.3(d); PROVIDED FURTHER
that the Company shall not be obligated to register Registrable Shares pursuant
to this Section 5.1(a) (i) within one year after the effectiveness of any
Piggyback Registration in connection with which either the requesting Investors
declined to avail themselves of the opportunity to include their Registrable
Shares therein or at least 50% of the Registrable Shares they requested to be
included in such registration were so included, or (ii) until the expiration of
the later of (x) such one-year period and (y) the 90-day period commencing with
such request, if the Company delivers notice to the holders of Registrable
Shares as soon as practicable after any request hereunder that the Company in
good faith believes that it will offer Piggyback Registration to the Investors
pursuant to Section 5.2 within 90 days of such request. All registrations
requested pursuant to this Section 5.1(a) shall be referred to herein as "DEMAND
REGISTRATIONS".
(b) A registration will not count as a Demand Registration for purposes
of the first proviso to Section 5.1(a) unless it has become effective and the
Investor or Investors requesting such registration are able to register and sell
at least 50% of the Registrable Shares they requested to be included in such
registration.
(c) The Company and the holders of a majority of the Registrable Shares
to be sold pursuant to a Demand Registration shall, upon mutual agreement,
designate one or more managing underwriters of nationally recognized standing,
if applicable, for such offering. If the managing underwriters advise the
Company in writing that in their opinion the number of Registrable Shares and
other securities requested to be included (i) creates a substantial risk that
the price per share in such registration will be materially and adversely
affected or (ii) exceeds the number of Registrable Shares and other securities
that can be sold in such offering, then the Company will include in such
registration, prior to the inclusion of any securities that are not Registrable
Shares, the number of Registrable Shares requested to be included (including
requests pursuant to Section 5.2(a)) that, in the opinion of such underwriters,
can be sold, PRO RATA among the respective Investors, on the basis of the number
of Registrable Shares owned by such Investors so requested to be included.
(d) The Company may at its option postpone for up to 90 days the filing
or the effectiveness of a registration statement for a Demand Registration if
the Company delivers to the Investors that have requested such Demand
Registration a certificate executed by an executive officer of the Company to
the effect that in the reasonable judgment of the Company such Demand
Registration, if effected, could materially interfere with or materially
adversely affect any then existing negotiations for financing or any other
agreement, arrangement, event, plan or transaction then intended, pending or
being negotiated in good faith (an "ADVERSE EVENT").
(e) Independent of and without limiting the Company's rights under
Section 5.1(d), the Company may at its option also prohibit, for up to 60 days,
the use of a registration statement for a Demand Registration upon a certificate
executed by an executive officer of the Company to the effect that such
prohibition is required to prevent an Adverse Event.
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SECTION 5.2. PIGGYBACK RIGHTS. (a) Whenever the Company proposes to
register any Common Stock under the Securities Act (including, without
limitation, a Demand Registration) on a registration statement other than Form
S-4 or Form S-8 , the Company will give prompt written notice to all Investors
of its intention to effect such a registration (which notice shall be given not
less than (i) in the case of a Demand Registration, ten days after receipt by
the Company of a request therefor pursuant to Section 5.1(a) and (ii) in all
other cases, 15 days prior to the date the registration statement is to be
filed) and, subject to the terms hereof, will include in such registration (a
"PIGGYBACK REGISTRATION") all Registrable Shares with respect to which the
Company has received written requests for inclusion therein within ten days
after the receipt of the Company's notice.
(b) If a Piggyback Registration arises in connection with a Demand
Registration and the managing underwriters advise the Company in writing that in
their opinion the number of Registrable Shares and other securities requested to
be included in such Piggyback Registration (i) creates a substantial risk that
the price per share in such registration will be materially and adversely
affected or (ii) exceeds the number of Registrable Shares and other securities
that can be sold in such offering, then the Company will include in such
registration, prior to the inclusion of any securities that are not Registrable
Shares, the number of Registrable Shares requested to be included (including the
Registrable Shares requested to be included pursuant to the Demand Registration)
that, in the opinion of such underwriters, can be sold, PRO RATA among the
respective Investors requesting to sell Registrable Shares as set forth in
Section 5.1(c).
(c) If a Piggyback Registration arises that is not in connection with a
Demand Registration and the managing underwriters advise the Company in writing
that in their opinion the number of Registrable Shares and other securities
requested to be included in such Piggyback Registration (i) creates a
substantial risk that the price per share in such registration will be
materially and adversely affected or (ii) exceeds the number of Registrable
Shares and other securities that can be sold in such offering, then the Company
will include in such registration only: (x) FIRST, any securities the Company
proposes to sell or is required to include under any agreement of the Company,
and (y) SECOND, Registrable Shares requested to be included in such registration
to the extent that, in the opinion of such underwriters, they can be sold, PRO
RATA among the Investors holding Registrable Shares requested to be included on
the basis of the number of such shares owned by such Investors and requested to
be so registered.
SECTION 5.3. SHELF REGISTRATION. (a) Unless the Excess Shares have
previously been registered for resale under the Registration Statement (as
defined in the Merger Agreement) pursuant to Rule 415 under the Securities Act,
the Company shall within 30 days after the Closing file with the Commission, and
shall use all reasonable efforts to cause to be declared effective within 90
days after the Closing, a shelf registration statement on any appropriate form
pursuant to Rule 415 for the sale by the WCAS Parties (other than D. Xxxxx
Xxxxxxx) of the Excess Shares (the Registration Statement, as amended, or such
registration statement, the "SHELF REGISTRATION"). Any sales pursuant to the
Shelf Registration shall be subject to Section 3.1(b).
(b) The Company shall use all reasonable efforts to keep the Shelf
Registration continuously effective for a period terminating on the earlier of
(i) the later of (x) the nine-month anniversary of the date on which the
Commission declares the Shelf Registration effective and (y) the first
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anniversary of the Closing and (ii) the date on which all shares of Common Stock
registered pursuant to the Shelf Registration have been sold thereunder.
(c) The Company further agrees to supplement or make amendments to the
Shelf Registration, if required by the rules, regulations or instructions
applicable to the form utilized by the Company or by the Securities Act.
(d) The WCAS Parties (other than D. Xxxxx Xxxxxxx) shall have the right
to require one underwritten offering off the Shelf Registration Statement (a
"TAKE-DOWN"), plus an additional take-down that may be utilized in lieu of (and
will be deemed to be) the Demand Registration; PROVIDED, HOWEVER, that any such
take-down shall be in respect of shares of Common Stock having a fair market
value of not less than $5,000,000 on the date such request is made.
SECTION 5.4. HOLDBACK AGREEMENTS. (a) Each Investor agrees (and shall
sign an agreement to such effect in the usual form of the managing underwriters
if the managing underwriters request such agreement), not to effect any public
sale or distribution of Common Stock, or any securities convertible into or
exchangeable or exercisable for Common Stock, or any hedging or similar
transactions, during the 15 days prior to and the 90-day period beginning on the
effective date of any underwritten Demand Registration or underwritten Piggyback
Registration (except as part of such underwritten registration).
(b) The Company agrees (and shall sign an agreement to such effect in
the usual form of the managing underwriters, if the managing underwriters
request such agreement) not to effect any public sale or distribution of Common
Stock, or any securities convertible into or exchangeable or exercisable for
Common Stock, during the 15 days prior to and the 90-day period beginning on the
effective date of any underwritten Demand Registration (except as part of such
underwritten registration).
SECTION 5.5. REGISTRATION PROCEDURES. (a) Whenever any Investor has
requested that any Registrable Shares be registered pursuant to this Agreement,
the Company will use all reasonable efforts promptly to effect the registration
and the sale of such Registrable Shares (subject to the limitations in Sections
5.1(a), 5.1(c), 5.1(d), 5.1(e), 5.2(b) and 5.2(c)) in accordance with the
intended method of disposition thereof, and pursuant thereto the Company will
use all reasonable efforts to:
(i) prepare (and afford counsel for the selling Investors
reasonable opportunity to review and comment on) and file with the
Commission within 30 days (or if the Company shall not then be eligible
to use Form S-3, 60 days) of the date of such request a registration
statement with respect to such Registrable Shares and cause such
registration statement to become and remain effective for such period
as may be reasonably necessary to effect the sale of such securities as
described in such request;
(ii) prepare (and afford counsel for the selling Investors
reasonable opportunity to review and comment on) and file with the
Commission such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be
necessary to keep such registration statement effective and comply with
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the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement during such
period in accordance with the intended methods of disposition by the
sellers thereof set forth in such registration statement;
(iii) furnish to each seller of Registrable Shares and the
underwriters of the securities being registered such number of copies
of such registration statement, each amendment and supplement thereto,
the prospectus included in such registration statement (including each
preliminary prospectus) and such other documents as such seller or
underwriters may reasonably request in order to facilitate the
disposition of the Registrable Shares owned by such seller or the sale
of such securities by such underwriters;
(iv) register or qualify such Registrable Shares under such
other securities or blue sky laws of such jurisdictions within the
United States as any seller or, in the case of an underwritten public
offering, the managing underwriter, reasonably requests and do any and
all other acts and things which may be reasonably necessary to enable
such seller to consummate the disposition in such jurisdictions of the
Registrable Shares owned by such seller; PROVIDED, HOWEVER, that the
Company will not be required to (A) qualify generally to do business in
any jurisdiction where it would not otherwise be required to qualify
but for this subsection or (B) consent to general service of process in
any such jurisdiction;
(v) cause all such Registrable Shares to be listed or
authorized for quotation on each securities exchange or automated
quotation system on which the Common Stock is then listed or quoted or,
if the Common Stock is not then so listed or quoted, as the Investors
(acting through Investor Approval) may reasonably request;
(vi) provide a transfer agent and registrar for all such
Registrable Shares not later than the effective date of such
registration statement;
(vii) enter into such customary agreements (including
underwriting agreements in customary form) and take all such other
actions as the holders of a majority of the Registrable Shares being
sold or the underwriters, if any, reasonably request in order to
expedite or facilitate the disposition of such Registrable Shares;
(viii) make available for inspection at a reasonable time by
any seller of Registrable Shares, any underwriter participating in any
disposition pursuant to such registration statement, and any attorney,
accountant or other agent retained by any such seller or underwriter,
all financial and other records, pertinent corporate documents and
properties of the Company, and cause the Company's officers, directors,
employees and independent accountants to supply all information
reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with the preparation of such
registration statement;
(ix) notify each seller of such Registrable Shares, promptly
after it shall receive notice thereof, of the time when such
registration statement has become effective or a supplement to any
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prospectus forming a part of such registration statement has been
filed;
(x) notify the sellers of such Registrable Shares of any
request by the Commission for the amending or supplementing of such
registration statement or prospectus or for additional information;
(xi) prepare (and afford counsel for the selling Investors
reasonable opportunity to review and comment on) and file with the
Commission, promptly upon the request of any seller of such Registrable
Shares, any amendments or supplements to such registration statement or
prospectus which, in the written opinion of counsel selected by the
holders of a majority of the Registrable Shares being registered, may
be required under the Securities Act in connection with the
distribution of Registrable Shares by such seller;
(xii) prepare and promptly file with the Commission and
promptly notify each seller of such Registrable Shares of the filing of
such amendment or supplement to such registration statement or
prospectus as may be necessary to correct any statements or omissions
if, at the time when a prospectus relating to such securities is
required to be delivered under the Securities Act, any event shall have
occurred as the result of which any such prospectus or any other
prospectus as then in effect would include an untrue statement of a
material fact or omit to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they
were made, not misleading;
(xiii) advise each seller of such Registrable Shares, promptly
after it shall receive notice or obtain knowledge thereof, of the
issuance of any stop order by the Commission suspending the
effectiveness of such registration statement or the initiation or
threatening of any proceeding for such purpose and use all reasonable
efforts promptly to prevent the issuance of any stop order or to obtain
its withdrawal if such stop order is issued;
(xiv) (A) at least 48 hours prior to the filing of any
registration statement or prospectus or any amendment or supplement to
such registration statement or prospectus furnish a copy thereof to
each seller of such Registrable Shares and (B) refrain from filing any
such registration statement, prospectus, amendment or supplement to
which counsel selected by the holders of a majority of the Registrable
Shares being registered shall have objected in writing on the grounds
that such amendment or supplement may not comply in all material
respects with the requirements of the Securities Act;
(xv) at the request of any seller of such Registrable Shares
furnish on the date or dates provided for in the underwriting
agreement, if any, or upon the effective date of the registration
statement: (A) an opinion of counsel, addressed to the underwriters, if
any, and the sellers of Registrable Shares, covering such matters as
such underwriters, if any, and sellers may reasonably request and as
are customarily covered by the issuer's counsel in an underwritten
offering; and (B) a letter or letters from the independent certified
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public accountants of the Company addressed to the underwriters, if
any, and the sellers of Registrable Shares, covering such matters as
such underwriters, if any, and sellers may reasonably request and as
are customarily covered in accountant's letters in connection with an
underwritten offering;
(xvi) during such time as any Investor may be engaged in a
distribution of Registrable Shares, comply with Regulation M
promulgated under the Exchange Act, to the extent applicable;
(xvii) participate with the Investors in any road show in
connection with an underwritten offering; and
(xviii) otherwise comply with the provisions of the Securities
Act with respect to the disposition of all securities covered by such
registration statement in accordance with the intended method of
disposition and make generally available to its security holders, as
soon as reasonably practicable, an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158
thereunder.
(b) Each Investor that sells Registrable Shares pursuant to a
registration under this Agreement agrees as follows:
(i) Such seller shall cooperate as reasonably requested by the
Company with the Company in connection with the preparation of the
registration statement, and for so long as the Company is obligated to
file and keep effective the registration statement, shall provide to
the Company, in writing, for use in the registration statement, all
such information regarding such seller and its plan of distribution of
Registrable Shares as may be reasonably necessary to enable the Company
to prepare the registration statement and prospectus covering the
Registrable Shares, to maintain the currency and effectiveness thereof
and otherwise to comply with all applicable requirements of law in
connection therewith; and
(ii) During such time as such seller may be engaged in a
distribution of the Registrable Shares, such seller shall (A) comply
with Regulation M promulgated under the Exchange Act, to the extent
applicable, (B) distribute the Registrable Shares under the
registration statement solely in the manner described in the
registration statement and (C) cease distribution of such Registrable
Shares pursuant to such registration statement upon receipt of written
notice from the Company that the prospectus covering the Registrable
Shares contains any untrue statement of a material fact or omits a
material fact required to be stated therein or necessary to make the
statements therein not misleading.
SECTION 5.6. REGISTRATION EXPENSES. (a) All expenses incident to the
Company's performance of or compliance with this Agreement, including, without
limitation, all registration and filing fees, fees of transfer agents and
registrars, fees and expenses of compliance with securities or blue sky laws,
fees of the National Association of Securities Dealers, Inc., printing expenses,
road show expenses, fees and disbursements of counsel for the Company, fees and
expenses of the Company's independent certified public accountants, and the fees
and expenses of any underwriters (excluding underwriting fees, expenses,
discounts or commissions attributable to the Registrable Shares included in such
registration, which will be paid or borne by the Investors holding or selling
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such Registrable Shares) and other Persons retained by the Company (all such
expenses being herein called "REGISTRATION EXPENSES"), will be borne by the
Company. In addition, the Company will pay its internal expenses (including,
without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit or
quarterly review, the expense of any liability insurance obtained by the Company
and the expenses and fees for listing or authorizing for quotation the
securities to be registered on each securities exchange or automated quotation
system on which any shares of Common Stock are then listed or quoted.
(b) In connection with a Demand Registration (or one take-down under
the Shelf Registration in lieu of a Demand Registration) effected pursuant to
this Agreement, the Company will reimburse the Investors covered by such
registration for the reasonable fees and expenses not in excess of $50,000 of
one (but only one) special counsel for the Investors chosen by the holders of a
majority of such Registrable Shares. In connection with each Piggyback
Registration, such holders shall bear all such fees and expenses of their
counsel.
(c) Notwithstanding Sections 5.6(a) and 5.6(b) above, the Investors
agree that in the event any Investors withdraw any registration demand, such
Investors shall either pay the Registration Expenses incurred in such
registration or count such withdrawn demand toward their permitted Demand
Registration, as set forth in the first proviso to Section 5.1(a).
SECTION 5.7. INDEMNIFICATION. (a) In the event of a registration of the
Registrable Shares under the Securities Act pursuant to the terms hereof, the
Company agrees to indemnify, hold harmless and defend, to the fullest extent
permitted by law, each seller of Registrable Shares, its officers, directors and
partners and each Person who controls such seller (within the meaning of the
Securities Act or the Exchange Act) against all losses, claims, damages,
liabilities and expenses (including, without limitation, reasonable attorneys'
fees except as limited by Section 5.7(c)) caused by, arising out of, resulting
from or related to any untrue or alleged untrue statement of a material fact
contained in any registration statement under which such Registrable Shares were
registered, any prospectus or preliminary prospectus contained therein or any
amendment thereof or supplement thereto or any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as the same are caused by or contained in
any information furnished in writing to the Company or any managing underwriter
by any such seller or any such controlling person expressly for use therein. In
connection with an underwritten offering, the Company will indemnify such
underwriters, their officers and directors and each Person who controls such
underwriters (within the meaning of the Securities Act or the Exchange Act) to
the same extent as provided above with respect to the indemnification of the
sellers of Registrable Shares (and with the same exception with respect to
information furnished or omitted by such underwriter or controlling person
thereof) and in connection therewith the Company shall enter into an
underwriting agreement in customary form containing such provisions for
indemnification and contribution as shall be reasonably requested by the
underwriters. The reimbursements required by this Section 5.7(a) will be made by
periodic payments during the course of the investigation or defense, as and when
bills are received or expenses incurred.
(b) In the event of a registration of the Registrable Shares under the
Securities Act pursuant to the terms hereof, each Investor that sells any
Registrable Shares pursuant thereto agrees to indemnify, hold harmless and
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defend, to the fullest extent permitted by law, the Company, its directors and
officers and each Person who controls the Company (within the meaning of the
Securities Act or the Exchange Act) and each underwriter and controlling person
thereof against all losses, claims, damages, liabilities and expenses
(including, without limitation, reasonable attorneys' fees except as limited by
Section 5.7(c)) caused by, arising out of, resulting from or related to any
untrue or alleged untrue statement of a material fact contained in any
registration statement under which such Registrable Shares were registered, any
prospectus or preliminary prospectus contained therein, or any amendment thereof
or supplement thereto or any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not
misleading, but only to the extent that such untrue or alleged untrue statement
or omission or alleged omission is contained in any information so furnished in
writing to the Company or any managing underwriter by such seller or a
controlling person thereof expressly for use therein. The reimbursements
required by this Section 5.7(b) will be made by periodic payments during the
course of the investigation or defense, as and when bills are received or
expenses incurred.
(c) Any Person entitled to indemnification hereunder will (i) give
prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give such notice
shall not limit the rights of such Person except to the extent such failure to
give notice shall materially prejudice the rights of the indemnifying party) and
(ii) unless in such indemnified party's reasonable judgment (with written advice
of counsel) a conflict of interest between such indemnified and indemnifying
parties may exist with respect to such claim, permit such indemnifying party to
assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party. If such defense is assumed, the indemnifying party will not
enter into any settlement without the indemnified party's prior written consent
unless such settlement includes an unconditional release of the indemnified
party from liability relating to the claim. An indemnifying party who is not
entitled to, or elects not to, assume the defense of a claim will not be
obligated to pay the fees and expenses of more than one counsel for all parties
indemnified by such indemnifying party with respect to such claim, unless in the
reasonable judgment (with written advice of counsel) of any indemnified party a
conflict of interest may exist between such indemnified party and any other of
such indemnified parties with respect to such claim.
(d) Each party hereto agrees that, if for any reason the
indemnification provisions contemplated by Section 5.7(a), 5.7(b) or 5.7(c) are
unavailable to or insufficient to hold harmless an indemnified party in respect
of any losses, claims, damages, liabilities or expenses (or actions in respect
thereof) referred to therein, then each indemnifying party shall contribute to
the amount paid or payable by such indemnified party as a result of such losses,
claims, damages, liabilities or expenses (or actions in respect thereof) in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party as well as any other relevant equitable
considerations. The relative fault of such indemnifying party and indemnified
party shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by such
indemnifying party or indemnified party, and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission. The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 5.7(d) were determined by pro
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rata allocation (even if the Investors or any underwriters or all of them were
treated as one entity for such purpose) or by any other method of allocation
which does not take account of the equitable considerations referred to in this
Section 5.7(d). The amount paid or payable by an indemnified party as a result
of the losses, claims, damages, liabilities or expenses (or actions in respect
thereof) referred to above shall be deemed to include any legal or other fees or
expenses reasonably incurred by such indemnified party in connection with
investigating or, except as provided in Section 5.7(c), defending any such
action or claim. Notwithstanding the provisions of this Section 5.7(d), no
holder shall be required to contribute an amount greater than the dollar amount
of the proceeds received by such holder with respect to the sale of any
Registrable Shares. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. The Investors' obligations in this Section 5.7(d) to
contribute shall be several in proportion to the amount of Registrable Shares
registered by them and not joint.
(e) The indemnification and contribution provided for under this
Agreement will remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director or
controlling Person of such indemnified party.
SECTION 5.8. COMPLIANCE WITH RULE 144. The Company shall (i) make and
keep public information available, as those terms are understood and defined in
Rule 144, (ii) file with the Company in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act
and (iii) at the request of any holder who proposes to sell securities in
compliance with Rule 144, forthwith furnish to such holder a written statement
of compliance with the reporting requirements of the Commission as set forth in
Rule 144 and make available to such Investors such information as will enable
the Investors to make sales pursuant to Rule 144.
SECTION 5.9. PARTICIPATION IN UNDERWRITTEN REGISTRATIONS. No Person may
participate in any registration hereunder which is underwritten unless such
Person (a) agrees to sell such Person's securities on the basis provided in any
underwriting arrangements approved by the Person or Persons entitled hereunder
to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements.
SECTION 5.10. TERMINATION OF REGISTRATION RIGHTS. The registration
rights provided hereunder shall terminate with respect to any holder of
Registrable Shares on such date as such holder can sell all its shares in any
three-month period pursuant to Rule 144.
ARTICLE VI
MISCELLANEOUS
SECTION 6.1. TERMINATION. This Agreement shall automatically terminate
upon the earlier of (i) the mutual consent of all the parties hereto and (ii)
the end of the Standstill Period. Upon the termination of this Agreement, this
Agreement shall become void and have no effect and no party hereto shall have
any liability to the other party hereto in respect thereof, except that nothing
herein will relieve any party from liability for any breach of this Agreement
prior to its termination.
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SECTION 6.2. LEGEND AND STOP TRANSFER ORDER. To assist in effectuating
the provisions of this Agreement, the Investors consent and shall cause any of
their Affiliates that own Voting Securities to consent:
(i) to the placement of the following legend on all
certificates representing Voting Securities hereafter owned, directly
or indirectly, by the Investors or any of their Affiliates until such
time as such securities have been transferred in accordance with
Article III or, if earlier, the first anniversary of the Closing:
"The securities represented by this certificate are subject to
the provisions of a Standstill and Registration Rights
Agreement dated as of May 15, 2001, among Pediatrix Medical
Group, Inc. (the "COMPANY"), Welsh, Carson, Xxxxxxxx & Xxxxx,
VII, L.P., WCAS Healthcare Partners, L.P, Xxxx X. Xxxxxxx,
Xxxxxx X. Xxxx, Xxx X. Xxxxxx, M.D., Xxxxx X. Xxxxx, M.D.,
Xxxxxxx Xxxxxxxx, Xxxxxx Xxxxxxx, Xxxx X. Xxxxxx, Xxxxx X.
Xxxxxx and certain other persons specified therein, and may
not be transferred except in accordance with such agreement.
Copies of such agreement are on file at the office of the
corporate secretary of the Company."
Promptly following the acquisition of any Voting Securities not so
legended by the Investors or any of their Affiliates, the Investors
shall present or cause to be presented to the Company all certificates
representing such Voting Securities for the placement of such legend
thereon; and
(ii) to entry of a stop transfer order with any transfer agent
and registrar for Voting Securities against transfer of any Voting
Securities except in compliance with the requirements of this
Agreement.
The Investors and their Affiliates shall be entitled to receive new certificates
representing any Voting Securities owned, directly or indirectly, by them
without the foregoing legend promptly following receipt of an opinion in form
and substance reasonably satisfactory to the Company from counsel reasonably
satisfactory to the Company (which, for such purpose, shall include Reboul,
MacMurray, Xxxxxx, Xxxxxxx & Kristol) to the effect that such legends are no
longer applicable.
SECTION 6.3. SEVERABILITY. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions of this Agreement shall remain in full force and
effect, unless such action would substantially impair the benefits to any party
of the remaining provisions of this Agreement.
SECTION 6.4. SPECIFIC ENFORCEMENT. The Company and the Investors
acknowledge and agree that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that any of
the parties shall be entitled to an injunction or injunctions to prevent or cure
breaches of the provisions of this Agreement and to enforce specifically the
terms and provisions hereof and thereof in any court of the United States or any
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state thereof having jurisdiction, this being in addition to any other remedy to
which it may be entitled by law or equity.
SECTION 6.5. ENTIRE AGREEMENT. This Agreement and the Merger Agreement
and the other documents referred to herein and therein contain the entire
understanding of the parties with respect to the matters covered hereby and
thereby.
SECTION 6.6. NOTICES. Any notice, demand, election, request, consent or
other communication required or permitted to be given hereunder shall be in
writing and shall be effective upon receipt. The addresses for such
communications shall be:
If to the Company or to any member of Management:
Pediatrix Medical Group, Inc.
0000 Xxxxxxx Xxxxxxx
Xxxxxxx, Xxxxxxx 00000-0000
Telecopy: (000) 000-0000
Attention: Xxxxx X. Xxxxxx
with a copy to:
Sidley Xxxxxx Xxxxx & Xxxx
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Telecopy: (000) 000-0000
Attention: Xxxxx X. Xxxxxxx
If to any WCAS Party:
Welsh, Carson, Xxxxxxxx & Xxxxx
000 Xxxx Xxxxxx
Xxxxx 0000
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
Attention: D. Xxxxx Xxxxxxx
with a copy to:
Reboul, MacMurray, Xxxxxx, Xxxxxxx & Kristol
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Telecopy: (000) 000-0000
Attention: Xxxxx X. Xxxxxxx
If to Carlyle:
Xxxx X. Xxxxxxx
00 Xxxxx Xxxxx
Xxxxxx, Xxxxx 00000
Telecopy: (000) 000-0000
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If to Xxxx:
Xxxxxx X. Xxxx
0000 Xxxxxxxxx Xxxx
Xxxxxx, Xxxxx 00000
If to Xxxxxx:
Xxx X. Xxxxxx
0000 Xxxxxx Xxxxxxx
Xxxxx 000
Xxxxxx, Xxxxx 00000
Any party hereto may from time to time change its address for communications
under this Section 6.6 by giving at least five days' notice of such changed
address to the other party hereto.
SECTION 6.7. AMENDMENTS AND WAIVERS. This Agreement may not be amended,
supplemented or discharged, and none of its provisions may be modified, except
expressly by an instrument in writing signed by the party to be charged. Any
term or provision of this Agreement may be waived, but only in writing by the
party which is entitled to the benefit of that provision. No waiver by any party
of any default with respect to any provision, condition or requirement hereof
shall be deemed to be a continuing waiver in the future thereof or a waiver of
any other provision, condition or requirement hereof; nor shall any delay or
omission of any party to exercise any right hereunder in any manner impair the
exercise of any such right accruing to it thereafter.
SECTION 6.8. COUNTERPARTS. This Agreement may be executed in one or
more counterparts, which together shall constitute but one instrument. It shall
not be necessary for each party to sign each counterpart so long as each party
has signed at least one counterpart.
SECTION 6.9. SUCCESSORS AND ASSIGNS. This Agreement shall be binding
upon and inure to the benefit of the parties and their successors and legal
representatives. No party shall assign this Agreement or any rights hereunder
except as provided in Section 3.2(a) and the assignment by a party of this
Agreement or any rights hereunder shall not affect the obligations of such party
under this Agreement. No provision of this Agreement is intended to confer any
right or remedy upon any person other than the parties hereto and Affiliates of
the Investors.
SECTION 6.10. INTERPRETATION. When a reference is made in this
Agreement to an Article or Section, such reference shall be to an Article or
Section of this Agreement unless otherwise indicated or unless the context shall
otherwise require. The headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of
this Agreement.
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SECTION 6.11. LEGAL PROCEEDINGS. EACH OF THE PARTIES HERETO CONSENTS TO
THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE FEDERAL COURTS
LOCATED IN THE BOROUGH OF MANHATTAN WITH RESPECT TO ANY ACTION, SUIT OR
PROCEEDING BROUGHT TO ENFORCE ANY PROVISION OF THIS AGREEMENT OR TO DETERMINE
THE RIGHTS OF ANY PARTY HERETO. EACH INVESTOR HEREBY (I) AGREES IRREVOCABLY TO
DESIGNATE, APPOINT AND EMPOWER CARLYLE, WITH OFFICES ON THE DATE HEREOF AT 00
XXXXX XXXXX, XXXXXX, XXXXX 00000, TELECOPY: (000) 000-0000, TO RECEIVE FOR AND
ON ITS BEHALF SERVICE OF PROCESS (PROVIDED THAT THE WCAS PARTIES, ATTENTION D.
XXXXX XXXXXXX, SHALL RECEIVE COPIES OF ALL NOTICES SENT TO CARLYLE PURSUANT
HERETO), AND (II) AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH
ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.
SECTION 6.12. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS.
SECTION 6.13. CERTAIN OBLIGATIONS OF THE WCAS PARTIES. Each of the WCAS
Parties agrees that it will not cause or encourage any Person to take any action
or do anything that, if taken or done by a WCAS Party, would be a breach of
Articles II, III or IV of this Agreement, or in any capacity consent to such
Person taking such action or doing such thing. In addition, each of the WCAS
Parties agrees to use all reasonable efforts to cause each of its affiliated
limited partnerships not to take any action or do anything that, if taken or
done by a WCAS Party, would be a breach of Articles II, III or IV of this
Agreement, including, without limitation, (i) using all reasonable efforts to
cause each of its representatives and the representatives of such affiliated
limited partnership that are members of the board of directors (or are serving
in a similar capacity) of a Person in which such WCAS Party or such affiliated
limited partnership has an ownership interest to vote against the taking of such
action or doing of such thing and (ii) causing all voting securities of such
Person beneficially owned by such WCAS Party or such affiliated limited
partnership to be voted against the taking of such action or the doing of such
thing.
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IN WITNESS WHEREOF, each of the parties hereto has executed this
Agreement, or has caused this Agreement to be duly executed by its authorized
representative, as of the date first written above.
PEDIATRIX MEDICAL GROUP, INC.
By: /s/ XXXXXXX XXXXXXXX
---------------------------------
Name: XXXXXXX XXXXXXXX
Title: PRESIDENT
WELSH, CARSON, XXXXXXXX
& XXXXX VII, L.P.
By: WCAS VII Partners, L.P.
General Partner
By: /s/ XXXXXXXX X. RATHER
---------------------------------
Name: XXXXXXXX X. RATHER
Title: GENERAL PARTNER
WCAS HEALTHCARE PARTNERS, L.P.
By: WCAS HC Partners
General Partner
By: /s/ XXXXXXXX X. RATHER
---------------------------------
Name: XXXXXXXX X. RATHER
Title: ATTORNEY-IN-FACT
Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxxx
Xxxxx X. Xxxxxxxx
Xxxxxx X. XxXxxxxxx
Xxxxxx X. Xxxxxxxxx
Xxxxxxx X. xxXxxxxx
Xxxx X. Xxxxxxx
D. Xxxxx Xxxxxxx
/s/ XXXXXXXX X. RATHER
------------------------------------
By: XXXXXXXX X. RATHER
ATTORNEY-IN-FACT
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/s/ XXXX X. XXXXXXX
------------------------------------
XXXX X. XXXXXXX
CORDILLERA INTEREST, LTD.
By: /s/ XXXX X. XXXXXXX
---------------------------------
Name: XXXX X. XXXXXXX
Title: GENERAL PARTNER
/s/ XXXXXX X. XXXX
------------------------------------
XXXXXX X. XXXX
/s/ XXX X. XXXXXX, M.D.
------------------------------------
XXX X. XXXXXX, M.D.
/s/ XXXXX X. XXXXX, M.D.
------------------------------------
XXXXX X. XXXXX, M.D.
/s/ XXXXXXX XXXXXXXX
------------------------------------
XXXXXXX XXXXXXXX
/s/ XXXXXX XXXXXXX
------------------------------------
XXXXXX XXXXXXX
/s/ XXXX X. XXXXXX
------------------------------------
XXXX X. XXXXXX
/s/ XXXXX X. XXXXXX
------------------------------------
XXXXX X. XXXXXX
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SCHEDULE A
Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxxx
Xxxxx X. Xxxxxxxx
Xxxxxx X. XxXxxxxxx
Xxxxxx X. Xxxxxxxxx
Xxxxxxx X. xxXxxxxx
Xxxx X. Xxxxxxx
D. Xxxxx Xxxxxxx
21
