EXHIBIT 10.45
AMENDMENT NO. 1 TO FOUNTAIN VIEW, INC.
REGISTRATION RIGHTS AGREEMENT
This Amendment No. 1 to Registration Rights Agreement (the "Amendment") is
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entered into as of May 4, 1998 by and among (i) Fountain View, Inc., a Delaware
corporation (the "Company"), (ii) Heritage Fund II, L.P., Heritage Investors II,
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L.L.C. and Heritage Fund II Investment Corporation (collectively, "Heritage"),
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(iii) Baylor Health Care System ("Baylor"), and (iv) Xxxxxxx Foundation
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("Xxxxxxx").
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Preliminary Statement
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Reference is hereby made to that certain Registration Rights Agreement
dated as of March 27, 1998 (the "Original Agreement") by and among the Company,
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Xxxxxx Xxxxxx, Xxxxxx Xxxxxx, Xxxxxxx Xxxxx, Heritage, and certain other
parties.
Heritage Fund II Investment Corporation ("HFIC") has purchased certain
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securities of the Company (the "Securities") pursuant to the terms of an
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Investment Agreement dated as of March 27, 1998. HFIC desires to transfer
certain of the Securities to Baylor and Xxxxxxx, and Baylor and Xxxxxxx wish to
purchase such Securities from HFIC. The Company and Heritage desire that such
purchase and sale be consummated, and wish to amend the Original Agreement to
add Baylor and Xxxxxxx as a party thereto and to make certain other changes.
All capitalized terms used but not defined in this Amendment shall have the
meanings set forth in the Original Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. Additional Party. By its execution of this Amendment, each of Baylor
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and Xxxxxxx is hereby added as a party to the Original Agreement, and shall have
the rights and obligations thereunder as a holder of Investor Registrable
Securities, on a pari passu basis with the other holders of Investor Registrable
Securities.
2. Provision of Notices. The Company hereby covenants and agrees that,
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for as long as Baylor or Xxxxxxx, respectively, holds warrants to purchase
Common Stock of the Company and until such time as Baylor or Xxxxxxx,
respectively, holds any shares of Common Stock of the Company, the Company will
provide Baylor or Xxxxxxx, respectively, with copies of all written notices
given by the Company to holders of Registrable Securities pursuant to the
Original Agreement, at the same time and in the same manner as such written
notices are provided to holders of Registrable Securities.
3. Amendment to Original Agreement. Effective as of the date hereof, the
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Original Agreement is hereby amended as follows:
3.1. Definition of Investor Registrable Securities. The term
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"Investor Registrable Securities" as used in the Original Agreement is hereby
amended to include within the definition thereof all shares of Common Stock of
the Company held by Baylor or Xxxxxxx, including all shares of Common Stock
issuable to Baylor or Xxxxxxx (or any of their permitted transferees under the
Stockholders Agreement referred to in the Original Agreement) pursuant to
warrants to purchase Series C Common Stock held by Baylor or Xxxxxxx, subject to
the the terms and conditions applicable to Investor Registrable Securities as
set forth in Section 4(a) of the Original Agreement, and the names "Baylor
Health Care System" and "Xxxxxxx Foundation" (and the names of any of their
permitted transferees under the Stockholders Agreement referred to in the
Original Agreement) are hereby inserted into the list of holders of Investor
Registrable Securities appearing in the Original Agreement.
3.2. New Section 19. A new Section 19 to the Original Agreement is
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hereby added as follows:
"Section 19. Addition of Subsequent Holders. Any person who acquires
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any shares of Registrable Securities in compliance with the terms and
conditions of the Stockholders Agreement on or after the date hereof shall
be entitled to become a party to this Agreement upon such person's
execution of a counterpart to, or other written agreement to be bound by
and to comply with all of the provisions of, this Agreement, and upon
execution of such counterpart or other written agreement shall become a
holder of Registrable Securities for purposes of this Agreement, such
Registrable Securities to be of the same type (i.e., Investor Registrable
Securities, Snukal Registrable Securities or Xxxxx Registrable Securities)
as were held by the transferor from whom such person acquired such shares."
4. Survival. Except as specifically set forth herein, the Original
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Agreement shall remain in full force and effect. This Amendment shall be deemed
part of, and construed in accordance with, the Original Agreement.
5. Miscellaneous. This Amendment shall be binding upon and enforceable
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against the parties and their successors and permitted assigns. This Amendment
shall not be amended, modified, revised, supplemented, or terminated unless
mutually agreed in writing by all of the parties hereto. This Amendment shall be
governed by and construed in accordance with the laws of the Commonwealth of
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Massachusetts, without giving effect to conflicts of laws principles. This
Amendment may be executed in one or more counterparts, each of which shall be
deemed to be an original, but all of which shall be considered one and the same
instrument.
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IN WITNESS WHEREOF, this Amendment No. 1 to Registration Rights Agreement
has been executed as a sealed instrument as of the day and year first above
written.
FOUNTAIN VIEW, INC.
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx, President
BAYLOR HEALTH CARE SYSTEM
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Executive Vice President
XXXXXXX FOUNDATION
By: /s/ H. Xxxxx Xxxxxx
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Name: H. Xxxxx Xxxxxx
Title: Senior Vice President &
Chief Financial Officer
HERITAGE FUND II, L.P.
By: Heritage Partners
Management Company Inc.,
its general partner
By: /s/ SIGNATURE ILLEGIBLE ^^
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Name:
Title:
HERITAGE INVESTORS II, L.L.C.
By: HF Partners II, L.L.C.,
its manager
By: /s/ SIGNATURE ILLEGIBLE ^^
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Name:
Title:
HERITAGE FUND II
INVESTMENT CORPORATION
By: /s/ SIGNATURE ILLEGIBLE ^^
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Name:
Title:
