EXHIBIT 2.2
AMENDED NO.1 TO THE AMENDED AND
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RESTATED OPERATIONS AND SETTLEMENT AGREEMENT
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This Amendment No. 1 (this "Amendment") to the Amended and
Restated Operations and Settlement Agreement (the "Agreement") is entered into
as of July 31, 1999, among the Commissioner of the Department of Corporations of
the State of California (the "Commissioner" acting for himself and the
Department of Corporations of the State of California (collectively, the
"State")), J. Xxxx Xxxxxxxxx, as Special Monitor-Examiner, MedPartners, Inc., a
Delaware corporation, and its successors and assigns ("MedPartners") and
MedPartners Provider Network, Inc, a California corporation ("MPN"), as a debtor
and debtor in possession in the Bankruptcy Case. Capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the Agreement.
RECITALS
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WHEREAS, the parties entered into the Agreement as of June 16,
1999; and
WHEREAS, the parties desire to allow for additional time for
implementation of the Agreement to be effected.
NOW THEREFORE, in consideration of the mutual covenant and
agreements contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:
AGREEMENT
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Section 1. Section 3.5(b)(1) is amended by deleting the
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language after the semicolon and inserting in its place the following:
provided, however, that MedPartners shall have mailed or
otherwise transmitted the MPPP Release to each holder of a
Managed Physician Practice Provider Claim within three Business
Days after MedPartners receives the approval by the Creditors
Committee of the form of the MPPP Release.
Section 2. Section 13.2 is amended to read as follows:
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13.2 Failure of Conditions Precedent. This Agreement
shall terminate if the conditions precedent set forth in Section
13.1 have not been satisfied or waived by all parties by August
31, 1999. In the event this Agreement terminates pursuant to
this Section 13.2, the parties acknowledge that any and all of
their positions existing prior to the Agreement Date against
each other shall be revived,
including without limitation all remedies of the State and all rights
and defenses of MedPartners and MPN.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the dated first above written.
MEDPARTNERS, INC.
a Delaware corporation
By /s/ E. Xxx Xxxxxxxx
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E. Xxx Xxxxxxxx
Title: Chief Executive Officer
MEDPARTNERS PROVIDER NETWORK, INC.,
a California corporation
By /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Title: President
COMMISSIONER OF THE DEPARTMENT OF
CORPORATIONS
By /s/ Xxxxxxx Xxxxxxxx
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Xxxxxxx Xxxxxxxx
Title: Acting Commissioner of the Department
of Corporations
J.XXXX XXXXXXXXX,
as Special Monitor-Examiner and not individually
By /s/ J. Xxxx Xxxxxxxxx
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Title: J. Xxxx Xxxxxxxxx,
as Special Monitor-Examiner
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