AMENDMENT
EXHIBIT
99.1
CONFORMED COPY
AMENDMENT
AMENDMENT, dated as of February 1, 2009, by and between XXXXXX Health Inc., a corporation
organized under the Canada Business Corporations Act (the “Company”), and the note holders listed
on the signature pages hereto (the “Holders”), amending the Registration Rights Agreement, made and
entered into as of November 9, 2006, by and between the Company (then known as Neurochem Inc.) and
UBS Securities LLC as the initial purchaser (the “Registration Rights Agreement”).
WITNESSETH:
WHEREAS, the Holders in the aggregate own US$16,685,000 in principal amount of the Company’s
6% Convertible Senior Notes due 2026 (the “Notes”), which they acquired in November 2006;
WHEREAS, the Notes and the common shares, no par value, of the Company into which the Notes
may be converted (the “Underlying Common Shares”) are “Registrable Securities” (as defined in the
Registration Rights Agreement) if they are subject to restrictions on resale under Rule 144 under
the U.S. Securities Act of 1933, as amended (the “Securities Act”);
WHEREAS, the effectiveness of the initial Registration Statement on Form F-10 filed by the
Company and the related Canadian prospectus prepared pursuant to the Registration Rights Agreement
will expire on March 8, 2009 and, pursuant to the Registration Rights Agreement, without this
Amendment, the Company would be required to file a new registration statement under the Securities
Act and qualify a new Canadian prospectus for use so long as any of the Notes or Underlying Common
Shares are Registrable Securities;
WHEREAS, Section 10(b) of the Registration Rights Agreement provides that the Registration
Rights Agreement may be amended with the consent of the holders of a majority of the outstanding
Registrable Securities, other than Registrable Securities held by certain affiliates as described
in Section 10(c) of the Registration Rights Agreement;
WHEREAS, as of the date hereof, based on the beneficial ownership information available to the
Company since November 2006, none of the Notes or Underlying Common Shares are restricted under
Rule 144 except those Notes (and any related Underlying Common Shares) that are held by the Holders
party to this Amendment, and such restrictions exist only because the Holders may be deemed to be
affiliates of the Company under Rule 405 under the Securities Act; and
WHEREAS, the Holders are, accordingly, the only persons other than the Company having rights
under the Registration Rights Agreement;
NOW, THEREFORE, the Company and the Holders hereby agree as follows:
1. Amendment of Registration Rights Agreement. The definition of “Effectiveness
Period” in Section 1(s) of the Registration Rights Agreement is hereby amended to read as follows
in its entirety:
“Effectiveness Period” means a period that terminates on March 8, 2009.
2. No Right to Additional Interest. Each Holder acknowledges that, as a result of
this Amendment, the holders of the Notes and Underlying Common Shares will have no right to
“additional interest” (as defined in the Registration Rights Agreement and the Indenture governing
the Notes) as a result of the failure to maintain the effectiveness of a registration statement
under the Securities Act or to have qualified a prospectus for use in Canada after March 8, 2009.
IN WITNESS WHEREOF, the Company and each of the Holders identified on the signature pages
hereof have caused this Amendment to be duly executed as of the date first above written.
XXXXXX HEALTH INC. | ||||||
By | /s/ Xxxxxxx Xxxxxxxxx | |||||
Name: Xxxxxxx Xxxxxxxxx | ||||||
Title: VP, Finance and CFO | ||||||
By | /s/ Xxxxx Xxxxxxx | |||||
Name: Xxxxx Xxxxxxx | ||||||
Title: VP, General Counsel and Corporate Secretary |
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: FMRC FAMILY TRUST |
||||
By /s/ Xxxxxx Xxxxxx | ||||
Name: | Xxxxxx Xxxxxx | |||
Title: | Trustee | |||
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: |
||||||
VICTORIA SQUARE VENTURES INC. | ||||||
By | /s/ Xxxxx Xxxxx | |||||
Name: Xxxxx Xxxxx | ||||||
Title: President & Chief Executive Officer |
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: |
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/s/ Xxxx Xxxxxxxxxx | ||||
Xxxx Xxxxxxxxxx | ||||
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: |
||||
/s/ Xxxxxxx Xxxxxx | ||||
Xxxxxxx Xxxxxx | ||||
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: |
||||
/s/ Xxxxxxx Xxxxxx | ||||
Xxxxxxx Xxxxxx | ||||
SIGNATURE PAGE TO
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
AMENDMENT
dated as of February 1, 2009
by and between XXXXXX Health Inc.
and the undersigned Holders.
HOLDER: |
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/s/ Xxxx Xxxxxx | ||||
Xxxx Xxxxxx | ||||