Exhibit 4.2
AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT AND CONSENT
------------------------------------------------------------
This AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT AND CONSENT,
dated as of March 28, 2000 (this "Agreement"), is by and among
XxxxxxxxXxxxxx.xxx, Inc., a corporation organized under the laws of the State of
Delaware (the "Company"), and the undersigned, for themselves and on behalf of
each of the holders of Registrable Stock (as defined in the Registration Rights
Agreement (as hereinafter defined)).
WHEREAS, the Company and certain stockholders of the Company have
previously entered into a Registration Rights Agreement, dated as of January 6,
2000 (the "Registration Rights Agreement") pursuant to which the Company granted
to such stockholders certain rights to registration of equity securities held by
such stockholders; and
WHEREAS, the Company contemplates entering into an equity financing
with certain of the undersigned;
WHEREAS, it is a condition to the consummation of such equity
financing that the Company and the undersigned enter into this Agreement, which
will amend the Registration Rights Agreement as hereinafter provided; and
WHEREAS, Section 13(c) of the Registration Rights Agreement provides
that such Registration Rights Agreement may be amended in a writing executed by
the Company and the holders of at least 66 2/3% of the Registrable Stock (as
defined therein) then outstanding; and
WHEREAS, Section 12 of the Registration Rights Agreement provides
that the Company may not, so long as at least 100,000 shares of Registrable
Stock are outstanding (as adjusted for any stock dividend, stock split or
combination of shares in connection with a recapitalization, merger,
consolidation, reorganization or otherwise), enter into any agreement with any
holder or prospective holder of any securities of the Company giving such holder
or prospective holder the right to require the Company to initiate any
registration of any securities of the Company without the prior written consent
of at least a majority of the Registrable Stock then outstanding; and
WHEREAS, the undersigned collectively hold more than a majority and
at least 66 2/3% of the Registrable Stock presently outstanding; and
WHEREAS, the parties hereto desire to enter into this Agreement on
the terms hereinafter set forth;
NOW, THEREFORE, in consideration of the foregoing and the covenants
of the parties set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, subject to the
terms and conditions set forth herein, the parties hereby agree as follows:
Section 1. Definitions. Terms used but not defined in the Agreement
-----------
are used as defined in the Registration Rights Agreement.
Section 2. Amendments. The Registration Rights Agreement is hereby
----------
amended as follows:
(a) Section 1 of the Registration Rights Agreement is hereby
amended by deleting the following definitions therefrom: AmDoc
Investors, Merger Agreement, Note Holders, Note Warrants, Series A
Investors, Series D Investors and Warrants.
(b) The definition of "Preferred Stock" and "Registrable Stock"
in Section 1 of the Registration Rights Agreement are hereby amended
and restated in their entirety to read as follows:
"Preferred Stock" means, collectively, the Series A-1 Preferred
---------------
Stock, par value $.001 per share, of the Company, the Series A-2
Preferred Stock, par value $.001 per share, of the Company, the
Series A-3 Preferred Stock, par value $.001 per share, of the
Company, the Series A-4 Preferred Stock, par value $.001 per share,
of the Company, the Series A-5 Preferred Stock, par value $.001 per
share, of the Company, the Series A-6 Preferred Stock, par value
$.001 per share, of the Company, the Series A-7 Preferred Stock, par
value $.001 per share, of the Company and any other shares of the
Preferred Stock, par value $.001 per share, of the Company (whether
now or hereafter authorized and issued).
"Registrable Stock" means (i) the shares of Preferred Stock or
-----------------
Class A Common Stock held by the Investors immediately following the
date hereof or any series of Preferred Stock purchased or acquired
(by exchange, conversion or otherwise) by the Investors after the
date hereof, and (ii) shares of Class A Common Stock issued or
issuable pursuant to the conversion of shares of Preferred Stock,
except that Registrable Stock shall cease to be Registrable Stock on
the earliest to occur of: (A) the date that such Registrable Stock
has been disposed of pursuant to an effective registration statement
under the Securities Act, (B) the date that such Registrable Stock
may be distributed to the public pursuant to Rule 144(k) or any
similar provision then in force under the Securities Act, (C) the
date that such Registrable Stock has been transferred or disposed of,
new certificates therefor not bearing a legend restricting further
transfer have been delivered by the Company, and at such time,
subsequent transfer or disposition of such securities does not
require registration or qualification of such securities under the
Securities Act or any similar state law then in force, (D) the date
that such Registrable Stock has ceased to be outstanding, or (E) the
date that is five (5) years after the closing of an initial public
offering of the Company's capital stock pursuant to a registration
statement effective under the Securities Act.
(c) Section 13(i) of the Registration Rights Agreement is hereby
deleted.
(d) Annex A to the Registration Rights Agreement is hereby
amended and restated in its entirety to read as Annex A attached to
this Agreement.
2
Section 3. Joinder of Parties. The parties hereto agree that each of
------------------
LHC Corporation, Charter Growth Capital, L.P., Charter Growth Capital Co-
Investment Fund, L.P., CGC Investors, L.P., The CIT Group/Equity Investments,
Inc., Delphi Ventures IV, L.P. and Delphi BioInvestments IV, L.P. shall be a
party to the Registration Rights Agreement, as amended by this Agreement, and
shall be considered an "Investor" and a holder of "Registrable Stock"
thereunder, and that each such party shall be entitled to the rights and
benefits and subject to the duties and obligations of an Investor and a holder
of Registrable Stock thereunder, as fully as if such parties had been original
signatories thereto in such capacities.
Section 4. Consent. For all purposes of the Registration Rights
-------
Agreement, including, without limitation, Sections 12 and 13(c) thereof, the
undersigned hereby consent, on behalf of themselves and the other holders of
Registrable Stock, to the amendments and joinder of parties set forth in this
Agreement.
Section 5. Counterparts. This Agreement may be executed in multiple
------------
counterparts, each of which shall be an original and all of which when taken
together shall constitute one and the same agreement.
Section 6. Descriptive Headings. The descriptive headings in this
--------------------
Agreement are inserted for convenience only and do not constitute a part of this
Agreement.
Section 7. Continuing Effect. This Agreement shall not constitute an
-----------------
amendment or waiver of any other provision of the Registration Rights Agreement
except as expressly set forth above, and the Registration Rights Agreement shall
otherwise remain in full force and effect in accordance with its terms.
[remainder of page intentionally left blank]
3
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.
XXXXXXXXXXXXXX.XXX, INC.
By: /s/ Xxxxx X. Xxxxxxx
------------------------------------------------
Name: Xxxxx X. Xxxxxxx
----------------------------------------------
Title: President
-------------------------------------------
LHC CORPORATION
By: /s/ Xxxxx X. Xxxxxx
------------------------------------------------
Name: Xxxxx X. Xxxxxx
----------------------------------------------
Title: President
---------------------------------------------
CHARTER GROWTH CAPITAL, L.P.
By: CGC Partners, L.P., its general partner
By: /s/ Xxxx Xxxxx
------------------------------------------------
Name: Xxxx Xxxxx
Title: General Partner
CHARTER GROWTH CAPITAL CO-INVESTMENT FUND, L.P.
By: CGC Partners, L.P., its general partner
By: /s/ Xxxx Xxxxx
------------------------------------------------
Name: Xxxx Xxxxx
Title: General Partner
CGC INVESTORS, L.P.
By: CGC Partners, L.P., its general partner
By: /s/ Xxxx Xxxxx
------------------------------------------------
Name: Xxxx Xxxxx
Title: General Partner
THE CIT GROUP/EQUITY INVESTMENTS, INC.
By: /s/ Xxxx XxxxxxXxxx
-----------------------------------------------
Name: Xxxx XxxxxxXxxx
Title: Vice President
XXXXX PARTNERS III, L.P.
By: Claudius L.L.C.
By: /s/ Xxxxxx Xxxxxx
-----------------------------------------------
Name: Xxxxxx Xxxxxx
---------------------------------------------
Title: Senior Managing Member
XXXXX PARTNERS INTERNATIONAL III, L.P.
By: Claudius L.L.C.
By: /s/ Xxxxxx Xxxxxx
------------------------------------------------
Name: Xxxxxx Xxxxxx
----------------------------------------------
Title: Senior Managing Member
XXXXX EMPLOYEE FUND III, L.P.
By: Wesson Enterprises, Inc.
By: /s/ Xxxxx X. Xxxxxx
------------------------------------------------
Name: Xxxxx X. Xxxxxx
----------------------------------------------
Title: President
DELPHI VENTURES III, L.P.
By: Delphi Management Partners III, L.L.C.
General Partner
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
----------------------------------------------
Title: Managing Member
DELPHI BIOINVESTMENTS III, L.P.
By: Delphi Management Partners III, L.L.C.
General Partner
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
----------------------------------------------
Title: Managing Member
DELPHI VENTURES IV, L.P.
By: Delphi Management Partners IV, L.L.C. General
Partner
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
----------------------------------------------
Title: Managing Member
DELPHI BIOINVESTMENTS IV, L.P.
By: Delphi Management Partners IV, L.L.C. General
Partner
By: /s/ Xxxxxx X. Xxxxxxx
-----------------------------------------------
Name: Xxxxxx X. Xxxxxxx
---------------------------------------------
Title: Managing Member
PREMIER RESEARCH WORLDWIDE, LTD.
By: /s/ Xxxx X. Xxxxx
------------------------------------------------
Name: Xxxx X. Xxxxx
----------------------------------------------
Title: Chief Financial Officer
---------------------------------------------
XXXXXX-XXXXXXXXX CAPITAL FOCUS II, L.P.
By: Xxxxxx Xxxxxxxxx Partners II, L.L.C., its
general partner
By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
----------------------------------------------
Title: President
--------------------------------------------
TD ORIGEN CAPITAL FUND, L.P.
By: TD II Regional Partners, Inc., its general
partner
By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
----------------------------------------------
Title: President
---------------------------------------------
TD JAVELIN CAPITAL FUND, L.P.
By: JVP, L.P., its general partner
By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
----------------------------------------------
Title: President
---------------------------------------------
ANNEX A
LHC Corporation, Inc.
000 Xxxxxxxxxx Xxxx
Silverside Xxxx Xxxxxxxxx Xxxxxx
Xxxxx 00
Xxxxxxxxxx, XX 00000-0000
Charter Growth Capital, L.P.
000 Xxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxx Xxxx, XX 00000
Charter Growth Capital Co-Investment Fund, L.P.
000 Xxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxx Xxxx, XX 00000
CGC Investors, L.P.
000 Xxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxx Xxxx, XX 00000
The CIT Group/Equity Investments, Inc.
000 XXX Xxxxx
Xxxxxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxxxxxxx
Fax: (000) 000-0000
With a copy to:
Xxxxxxx Xxxx & Xxxxx LLP
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxx X. Xxxxx
Fax: (000) 000-0000
Xxxxx Partners III, L.P.
000 Xxxxx Xxxxxx; 0/xx/ Xxxxx
Xxxxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xxxxx Partners International III, L.P.
000 Xxxxx Xxxxxx; 0/xx/ Xxxxx
Xxxxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xxxxx Employee Fund III, L.P.
000 Xxxxx Xxxxxx; 0/xx/ Xxxxx
Xxxxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Delphi Ventures III, L.P.
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
Delphi BioInvestments III, L.P.
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
Delphi Ventures IV, L.P.
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
Delphi BioInvestments IV, L.P.
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
Xxxxxxxxx & Xxxxx California
Xxx Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
H&Q Affiliated Research Investors, L.P.
Xxx Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Xxxxxxxxx & Xxxxx Employee Venture Fund, X.X. XX
Xxx Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Medical Advisory Systems, Inc.
0000 Xxxxxxxx Xxxxxxxx Xxxxxxxxx
Xxxxxx, Xxxxxxxx 00000
Premier Research Worldwide, Ltd.
000 Xxxxx 00/xx/ Xxxxxx
Xxxxxxxxxxxx, XX 00000
Xxxxxx-Xxxxxxxxx Capital Focus II, L.P.
Xxx Xxxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
With a copy to:
Law Offices of Xxxxxx Xxxxxx
Xxx Xxxxxxxxx Xxxxx
Xxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
TD Origen Capital Fund, L.P.
000 Xxxxxxxxxx Xxxxxx
Xxxxx 000
Xxxxx Xx, XX 00000
Fax: (000) 000-0000
Attn: J. Xxxxxxx Xxxxxxx
With a copy to:
Law Offices of Xxxxxx Xxxxxx
Xxx Xxxxxxxxx Xxxxx
Xxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
TD Javelin Capital Fund, L.P.
0000 Xxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Fax: (000) 000-0000
Attn: Xxxx X. Xxxxxx
With a copy to:
Law Offices of Xxxxxx Xxxxxx
Xxx Xxxxxxxxx Xxxxx
Xxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
GE Capital Equity Investments, Inc.
000 Xxxx Xxxx Xxxx
Xxxxxxxx, XX 00000
Attn: General Counsel
