EXHIBIT 4.3
AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
AMENDMENT TO REGISTRATION RIGHTS AGREEMENT ("Amendment") dated as of
July 20, 1997, by and among VITAS HEALTHCARE CORPORATION, a Delaware corporation
(the "Corporation"), certain stockholders of the Corporation, Chemed
Corporation, a Delaware corporation ("Chemed"), and the Investors, in each case
identified on Schedule A hereto (collectively, the "Original Parties"), and
NationsBank, N.A. ("NationsBank").
WHEREAS, each of the Original Parties are parties to a Registration
Rights Agreement dated as of June 4, 1993 (the "Registration Rights Agreement");
WHEREAS, the Corporation and NationsBank executed and delivered a
certain Amendment No. 6 dated as of March 24, 1997 (the "Credit Agreement
Amendment") to the Amended and Restated Revolving Credit, Term Loan and
Reimbursement Agreement dated as of February 17, 1995 between the Corporation
and NationsBank of Florida, National Association (predecessor in interest to
NationsBank), as amended (the "Credit Agreement");
WHEREAS, in connection with the execution and delivery of the Credit
Agreement Amendment, the Corporation proposes to execute and deliver or has
executed and delivered to NationsBank a Warrant Agreement and a Warrant
Certificate, copies of which are attached hereto as Exhibits A and B (the
"Warrant Agreement" and the "Warrant Certificate," respectively), evidencing
NationsBank's right to purchase 486,532 shares (the "NationsBank Warrant
Shares") of the Corporation's common stock, par value $.001 per share ("Common
Stock"), at an exercise price of $.01 per share, subject to the terms and
conditions thereof (the "NationsBank Warrants"), including, without limitation,
the limitations on the exercise of the NationsBank Warrants, which provide that
(i) as of the date of the Warrant Agreement and the issuance of the Warrant
Certificate, the number of NationsBank Warrants which may be exercised pursuant
to the Warrant Agreement, and the number of NationsBank Warrant Shares issuable
upon exercise of such NationsBank Warrants, shall be 194,613; (ii) in the event
the Corporation shall not have paid in full its Obligations (as defined in the
Credit Agreement) on or prior to August 30, 1997, the number of NationsBank
Warrants which may be exercised pursuant to the Warrant Agreement, and the
number of NationsBank Warrant Shares issuable upon exercise of such NationsBank
Warrants, shall be automatically increased to 291,919 effective as of August 31,
1997; (iii) in the event the Corporation shall not have paid in full its
Obligations (as defined in the Credit Agreement) on or prior to November 29,
1997, the number of NationsBank Warrants which may be exercised pursuant to the
Warrant Agreement, and the number of NationsBank Warrant Shares issuable upon
exercise of such NationsBank Warrants, shall be automatically increased to
389,226 effective as of November 30, 1997; and (iv) in the event the Corporation
shall not have paid in full its Obligations (as defined in the Credit Agreement)
on or prior to January 30, 1998, the number of NationsBank Warrants which may be
exercised pursuant to the Warrant Agreement, and the number of NationsBank
Warrant Shares issuable upon exercise of such NationsBank Warrants, shall be
automatically increased to 486,532 effective as of January 31, 1998;
WHEREAS, the Warrant Agreement contemplates that upon execution and
delivery of a counterpart signature page to the Registration Rights Agreement,
NationsBank (and its permitted transferees and assignees of the Warrant
Agreement that also execute and deliver a counterpart signature page to the
Registration Rights Agreement) shall have and be entitled to exercise the rights
of registration granted to, and shall be subject to the obligations of, "Other
Stockholders" under the Registration Rights Agreement; and
WHEREAS, the addition of NationsBank (and each such permitted
transferee and assignee of the Warrant Agreement) as an "Other Stockholder"
constitutes an amendment of the Registration Rights Agreement.
NOW, THEREFORE, in consideration of the foregoing, the parties
hereto agree as follows:
1. Pursuant to Section 3.2 of the Registration Rights Agreement,
each of the undersigned hereby consents to the addition of NationsBank (and each
such permitted transferee and assignee of the Warrant Agreement) as an "Other
Stockholder" for purposes of the Registration Rights Agreement, and that upon
execution and delivery of a counterpart signature page to the Registration
Rights Agreement, NationsBank and each such permitted transferee and assignee
shall have and be entitled to exercise the rights of registration granted to,
and shall be subject to the obligations of, "Other Stockholders" under the
Registration Rights Agreement.
2. NationsBank's execution and delivery of this Amendment shall also
constitute its execution and delivery of a counterpart signature page to the
Registration Rights Agreement.
3. Capitalized terms used but not defined herein shall have the
meaning given to them in the Registration Rights Agreement.
4. Except as expressly amended by this Amendment, all terms of the
Registration Rights Agreement shall remain in full force and effect.
5. This Amendment may be signed in any number of counterparts each
of which shall constitute an original and all of which shall constitute one and
the same agreement.
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IN WITNESS WHEREOF, each of the undersigned has executed and
delivered this Amendment, or has caused this Amendment to be duly executed and
delivered on its behalf, as of the date set forth above.
VITAS HEALTHCARE CORPORATION
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Chairman & CEO
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/s/ ▇.▇. ▇▇▇▇▇▇▇▇
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▇.▇. ▇▇▇▇▇▇▇▇
VITAS HEALTHCARE CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN/TRUST
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Trustee
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IN WITNESS WHEREOF, each of the undersigned has executed and
delivered this Amendment, or has caused this Amendment to be duly executed and
delivered on its behalf, as of the date set forth above.
VITAS HEALTHCARE CORPORATION
By:
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Name:
Title:
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/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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VITAS HEALTHCARE CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN/TRUST
By:
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Trustee
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IN WITNESS WHEREOF, each of the undersigned has executed and
delivered this Amendment, or has caused this Amendment to be duly executed and
delivered on its behalf, as of the date set forth above.
VITAS HEALTHCARE CORPORATION
By:
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Name:
Title:
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇▇▇▇▇ FAMILY PARTNERSHIP, LTD.
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VITAS HEALTHCARE CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN/TRUST
By:
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Trustee
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IN WITNESS WHEREOF, each of the undersigned has executed and
delivered this Amendment, or has caused this Amendment to be duly executed and
delivered on its behalf, as of the date set forth above.
VITAS HEALTHCARE CORPORATION
By:
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Name:
Title:
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/s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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VITAS HEALTHCARE CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN/TRUST
By:
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Trustee
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IN WITNESS WHEREOF, each of the undersigned has executed and
delivered this Amendment, or has caused this Amendment to be duly executed and
delivered on its behalf, as of the date set forth above.
VITAS HEALTHCARE CORPORATION
By:
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Name:
Title:
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇▇▇▇▇ FAMILY PARTNERSHIP, LTD.
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▇▇▇▇▇▇ ▇▇▇▇▇
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇.▇. ▇▇▇▇▇▇▇▇
VITAS HEALTHCARE CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN/TRUST
By:
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Trustee
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OCR HOLDING COMPANY
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Assistant Treasurer
CHEMED CORPORATION
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇'▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇'▇▇▇▇▇
Title: Executive Vice President
& Treasurer
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▇▇▇▇▇ PARTNERS II, L.P.
By: GWW Partners, L.P.
(its General Partner)
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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General Partner
▇▇▇▇▇ PARTNERS INTERNATIONAL II, L.P.
By: GWW Partners, L.P.
(its General Partner)
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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General Partner
▇▇▇▇▇ EMPLOYEE FUND, L.P.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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General Partner
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WARBURG, ▇▇▇▇▇▇ INVESTORS, L.P.
By: Warburg Pincus & Co.
(its General Partner)
By: /s/ [SIGNATURE ILLEGIBLE]
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Name:
Title:
HARVEST PARTNERS INTERNATIONAL, L.P.
By: Harvest Associates International, L.P.
(its General Partner)
By:
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General Partner
DEUTSCHE BETEILIGUNGSGESELLSCHAFT
MBH & CO. FONDS I KG
By:
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Name:
Title:
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▇▇▇▇▇▇▇, ▇▇▇▇▇▇ INVESTORS, L.P.
By: Warburg Pincus & Co.
(its General Partner)
By:
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Name:
Title:
HARVEST PARTNERS INTERNATIONAL, L.P.
By: Harvest Associates International, L.P.
(its General Partner)
By: /s/ [SIGNATURE ILLEGIBLE]
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General Partner
DEUTSCHE BETEILIGUNGSGESELLSCHAFT
MBH & CO. FONDS I KG
By:
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Name:
Title:
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FRANKLIN CAPITAL ASSOCIATES II L.P.
By: Franklin Ventures II L.P.
(its General Partner)
By: Franklin Venture Capital Inc.
(its General Partner)
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President
HLM PARTNERS II L.P.
By: HLM Associates II, L.P.
(its General Partner)
By:
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General Partner
THE ▇▇▇▇▇▇▇▇ INVESTMENT TRUST
By:
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▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Trustee
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇, ▇▇.
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▇▇▇▇▇▇ ▇. ▇▇▇, ▇▇.
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FRANKLIN CAPITAL ASSOCIATES II L.P.
By: Franklin Ventures II L.P.
(its General Partner)
By: Franklin Venture Capital Inc.
(its General Partner)
By:
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Name:
Title:
HLM PARTNERS II L.P.
By: HLM Associates II, L.P.
(its General Partner)
By: /s/ [SIGNATURE ILLEGIBLE]
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General Partner
THE ▇▇▇▇▇▇▇▇ INVESTMENT TRUST
By:
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▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Trustee
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇, ▇▇.
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▇▇▇▇▇▇ ▇. ▇▇▇, ▇▇.
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NATIONSBANK, N.A.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Senior Vice President
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SCHEDULE A
Stockholders
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.
▇.▇. ▇▇▇▇▇▇▇▇
Vitas Healthcare Corporation
Employee Stock Ownership Plan/Trust
OCR Holding Company
Investors
▇▇▇▇▇ Partners II, L.P.
Galen Partners International II, L.P.
Galen Employee Fund, ▇.▇.
▇▇▇▇▇▇▇, ▇▇▇▇▇▇ Investors, L.P.
Harvest Partners International, L.P.
Deutsche Beteiligungsgesellschaft
mbH & Co. Fonds I KG
Franklin Capital Associates II L.P.
HLM Partners II L.P.
The ▇▇▇▇▇▇▇▇ Investment Trust
▇▇▇▇▇▇ ▇. ▇▇▇, ▇▇.
▇▇▇▇▇ ▇▇▇▇▇▇
