EXHIBIT 4.6
AMENDMENT NO. 2
TO AMENDED AND RESTATED VOTING AGREEMENT
THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED VOTING AGREEMENT (the
"Amendment") is made and entered into as of April 1, 2002, by and among Symbion,
Inc., a Tennessee corporation formerly named "UniPhy Healthcare, Inc." (the
"Company"), and those persons identified on Exhibit A attached hereto
(collectively, the "Investors" and each individually, an "Investor").
R E C I T A L S:
WHEREAS, the Company and certain of the Investors (the "Original
Investors") are parties to that certain Amended and Restated Voting Agreement,
dated as of June 25, 1999, as amended by Amendment No. 1 thereto, dated as of
August 11, 1999 (collectively, the "Voting Agreement");
WHEREAS, the Company, Symbion Acquisition Sub, Inc. ("Symbion Sub") and
Physicians Surgical Care, Inc. ("PSC") are parties to that certain Agreement and
Plan of Merger, dated as of March 7, 2002 (the "Merger Agreement"), which
provides, among other things, for the merger of Symbion Sub with and into PSC
and for PSC to become a wholly owned subsidiary of the Company (the "Merger");
WHEREAS, it is a condition of PSC's obligations under the Merger
Agreement that the Company and the Original Investors amend the Voting Agreement
to add X.X. Xxxxxxx III, L.P. ("JHW III"), X.X. Xxxxxxx XX, L.P. ("JHW IV") and
Whitney Strategic Partners III, L.P. ("WSP III" and together with JHW III and
JHW IV, the "Whitney Shareholders") as parties thereto and to provide that each
of the Whitney Shareholders and the other Investors shall vote its Investor
Shares in favor of certain designees to the Company's Board of Directors,
including certain designees of the Whitney Shareholders; and
WHEREAS, the Company and the Investors desire to amend the Voting
Agreement as set forth in this Amendment, pursuant to Section 2.3 of the Voting
Agreement.
NOW, THEREFORE, in consideration of the foregoing and the respective
covenants and agreements contained herein, the sufficiency of which is hereby
acknowledged, the parties hereby agree and consent to the following:
1. Definitions. Capitalized terms used herein without definition
shall have the same meanings ascribed to such terms in the Voting Agreement.
2. Effectiveness of Amendment. This Amendment shall become
effective upon the occurrence of each of the following: : (i) the effectiveness
of the Merger; (ii) the execution and delivery of this Agreement by each of the
Whitney Shareholders, adopting and accepting the terms hereof and the terms of
the Voting Agreement; and (iii) the execution and delivery of this Amendment by
the Company and the holders of at least seventy-five percent (75%) of the
Investor Shares, adopting and accepting the terms of this Amendment. This
Amendment shall be of no force or effect until the occurrence of all of the
events described in the preceding sentence.
3. Additional Parties. Each of the Whitney Shareholders is hereby
made a party to the Voting Agreement as an Investor in accordance with the terms
and provisions of the Voting Agreement and this Amendment.
4. Amendment to Section 1.2 of the Voting Agreement. Section 1.2
of the Voting Agreement is hereby deleted and replaced in its entirety with the
following:
"1.2 Agreement to Vote. (a) Appointment of Directors. At each
annual meeting of the shareholders of the Company, or at any meeting of
the shareholders of the Company, at which members (each a "Director"
and collectively, the "Directors") of the Board of Directors of the
Company are to be elected, each Investor hereby agrees to vote or act
with respect to such Investor's Investors Shares so as to elect one or
more individuals nominated by certain Investors or groups of Investors
as follows:
(i) one (1) individual designated by Pacific Venture
Group;
(ii) one (1) individual designated by The Xxxxxx
Investment Partnership or its subsidiary;
(iii) one (1) individual designated by ABS Capital
Partners, L.P.;
(iv) the Chief Executive Officer of the Company;
(v) the Chief Operating Officer of the Company;
(vi) one (1) individual designated by Xxxxxxx X. Xxxxxx,
Xx.;
(vii) one (1) individual designated jointly by Richland
Ventures II, L.P. and Richland Ventures III, L.P.;
(viii) two (2) individuals designated collectively by Xxxxxx
X. XxXxxx Foundation, Xxx Xxxxxx, Xx., First Avenue Partners, L.P.,
HLM/CB Fund, L.P., HLM Partners VII, L.P., Xxxxx Xxxxxxx, Inc. South
Atlantic Private Equity Fund IV (QP), South Atlantic Private Equity
Fund IV, L.P. and WW Two, L.P; and
(ix) two (2) individuals designated collectively by X.X.
Xxxxxxx III, L.P., X.X. Xxxxxxx XX, L.P. and Whitney Strategic Partners
III, L.P.
(b) Removal. If at any time any Investor or group of
Investors, as the case may be, entitled to nominate a Director in
accordance with Section 1.2(a) hereof notifies (such notice to be
signed by any such Investor or by the holders of a majority of the
Investor Shares held by such group of Investors, as the case may be)
the other Investors of his or their, as the case may be, wish to remove
at any time (but only for cause) a Director nominated by such Investor
or group of Investors, as the case may be, then each Investor shall
vote all of his, hers or its Investor Shares so as to remove such
Director.
(c) Replacement. If, at any time, a vacancy is created
on the Board of Directors by reason of the incapacity, death, removal
or resignation of any Director,
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the vacancy shall be filled by another individual selected in
accordance with the provisions of Section 1.2(a) hereof. Upon receipt
of notice of the designation of a nominee pursuant to Section 1.2(c),
each Investor shall, as soon as practicable after the date of such
notice, take all reasonable actions, including the voting of its
Investor Shares, to elect the Director so designated to fill the
vacancy."
5. Amendment of Section 1.6 of the Voting Agreement. Section 1.6
of the Voting Agreement is hereby deleted and replaced in its entirety with the
following:
"1.6 Termination. (a) Termination Event. This Amended and
Restated Voting Agreement shall terminate in its entirety on the
closing of an initial public offering pursuant to an effective
registration statement under the Securities Act of 1933, as amended
(the "Securities Act"), covering the offer and sale of the capital
stock of the Company or any of its subsidiaries or affiliates.
(b) Removal of Legend. At any time after the
termination of this Amended and Restated Voting Agreement in accordance
with Section 1.6(a), any holder of a stock certificate legended
pursuant to Section 1.3 may surrender such certificate to the Company
for removal of the legend, and the Company will duly reissue a new
certificate without the legend."
6. Amendment of Section 2.3 of the Voting Agreement. Section 2.3
of the Voting Agreement is hereby deleted and replaced in its entirety with the
following:
"2.3 Amendment. This Amended and Restated Voting Agreement may
be amended and any term hereof may be waived only by an instrument in
writing signed by (i) the Company, (ii) the Whitney Shareholders and
(iii) the holders of at least seventy-five percent (75%) of the
Investor Shares held by the other Investors."
7. Amendment to Section 2.4 of the Voting Agreement. Section 2.4
of the Voting Agreement is hereby deleted and replaced in its entirety with the
following:
"2.4 Severability. If any term or other provision of this
Amended and Restated Voting Agreement is held to be invalid or illegal
or otherwise incapable of being enforced by any law or public policy,
all other terms and provisions of this Amended and Restated Voting
Agreement shall nevertheless remain in full force and effect so long as
the economic or legal substance of the transactions contemplated hereby
is not affected in any manner materially adverse to any party. Upon
such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Amended and Restated Voting Agreement so as
to effect the original intent of the parties as closely as possible in
an acceptable manner in order that the transactions contemplated hereby
are consummated as originally contemplated to the greatest extent
possible."
8. Amendment of Exhibit A. Exhibit A to the Voting Agreement is
hereby deleted and replaced in its entirety with Schedule 1 attached hereto.
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9. No Other Changes. Upon execution and delivery of this
Amendment by the parties hereto, the Voting Agreement shall be amended in
accordance herewith and this Amendment shall form part of the Voting Agreement
for all purposes and the parties hereto shall be bound by the Voting Agreement,
as so amended. Except as expressly set forth or contemplated in this Amendment,
the terms and conditions of the Voting Agreement shall remain in place and shall
not be altered, amended or changed in any manner whatsoever, except by any
further amendment to the Voting Agreement made in accordance with the terms of
the Voting Agreement, as hereby amended.
10. Counterparts. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when executed and delivered shall be deemed an original effective for
binding the parties hereto, but all of which shall together constitute one and
the same instrument.
11. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF.
[THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment,
and hereby consent to the amendment and modification of the Voting Agreement
provided herein, as of the date first above written.
THE COMPANY:
SYMBION, INC.
By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
-------------------------------------------------
Name: Xxxxxxx X. Xxxxxxx, Xx.
--------------------------------------
Title: President and Chief Executive Officer
-------------------------------------
INVESTORS:
UNIPHY PREFERRED SHAREHOLDERS:
ABS Capital Partners, L.P.
By: /s/ Xxxxxxxxx X. Xxxxxx
---------------------------------------
Name: Xxxxxxxxx X. Xxxxxx
-----------------------------
Title:
---------------------------
/s/ Xxxxxxxx X. Xxxxxx
-------------------------------------------
Xxxxxxxx X. Xxxxxx
-------------------------------------------
Xxxxx X. Xxxx
-------------------------------------------
Xxxx Xxxxx
/s/ Xxxxxxx X. Xxxxxxx, Xx.
-------------------------------------------
Xxxxxxx X. Xxxxxxx, Xx.
/s/ R. Xxxx Xxxxxxx
-------------------------------------------
R. Xxxx Xxxxxxx
-------------------------------------------
Xxx Xxxxxxx
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THE XXXXXX COMPANIES, INC.
By: /s/ Xxxxxxx X. Xxxxxx, Xx.
---------------------------------------
Name: Xxxxxxx X. Xxxxxx, Xx.
-----------------------------
Title:
---------------------------
/s/ Xxxxxxx X. Xxxxxxxx
-------------------------------------------
Xxxxxxx X. Xxxxxxxx
PACIFIC VENTURE GROUP, L.P.
By: PVG Equity Partner, L.L.C.,
its General Partner
By: /s/ Xxx X. Xxxxxx
---------------------------------------
Name: Xxx X. Xxxxxx
Title: Member
PVG ASSOCIATES, L.P.
By: PVG Equity Partner, L.L.C.,
its General Partner
By: /s/ Xxx X. Xxxxxx
---------------------------------------
Name: Xxx X. Xxxxxx
Title: Member
/s/ Xxxxxxx X. Xxxxxx
-------------------------------------------
Xxxxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxxx
-------------------------------------------
Xxxxxx X. Xxxxxx
/s/ Xxxxx Xxxxxxx
-------------------------------------------
Xxxxx Xxxxxxx
/s/ Xxxxxxx Xxxxxx
-------------------------------------------
Xxxxxxx Xxxxxx
0
ARC KEY SHAREHOLDERS:
XXXXXX X. XXXXXX FOUNDATION
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
/s/ Xxxxx X. Xxxxx
-------------------------------------------
Xxxxx X. Xxxxx
FIRST AVENUE PARTNERS, L.P.
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
-------------------------------------------
Xxxxxxx X. Xxxxxxx
-------------------------------------------
J. Xxxxxxx Xxxxx
HEALTH TECH AFFILIATES, INC.
By:
---------------------------------------
Name:
-----------------------------
Title:
----------------------------
HLM/CB FUND, L.P.
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
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HLM PARTNERS VII, L.P.
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
-------------------------------------------
W. Xxxxxxxx Xxxxx
XXXXX XXXXXXX, INC.
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
-------------------------------------------
B. Max Lauderdale
/s/ Xxxxxxx X. Xxxxxx, Xx.
-------------------------------------------
Xxxxxxx X. Xxxxxx, Xx.
/s/ Xxxxxxx X. Xxxx
-------------------------------------------
Xxxxxxx X. Xxxx
-------------------------------------------
Xxxxxx Xxxxxx
-------------------------------------------
Xxxxx X. Xxxxx
-------------------------------------------
Xxxx X. Xxxxxxxxxx
8
RICHLAND VENTURES II, L.P.
By: /s/ Xxxx Xxxxxx
---------------------------------------
Name: Xxxx Xxxxxx
-----------------------------
Title: Managing Partner
---------------------------
RICHLAND VENTURES III, L.P.
By: /s/ Xxxx Xxxxxx
---------------------------------------
Name: Xxxx Xxxxxx
-----------------------------
Title: Managing Partner
---------------------------
-------------------------------------------
Xxx X. Xxxxxx
SOUTH ATLANTIC PRIVATE EQUITY FUND IV (QP), LIMITED PARTNERSHIP
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
------------------------------
Title: Managing Director
----------------------------
SOUTH ATLANTIC PRIVATE EQUITY FUND IV, L.P.
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
------------------------------
Title: Managing Director
----------------------------
--------------------------------------------
Xxx Xxxxxx, Xx.
/s/ Xxxxxxx X.X. Xxxx
--------------------------------------------
Xxxxxxx X.X. Xxxx
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WW TWO, L.P.
By:
---------------------------------------
Name:
-----------------------------
Title:
---------------------------
-------------------------------------------
Xxxxx X. Xxxx, III
UNIPHY FOUNDERS:
-------------------------------------------
Xxxxx Xxxxxxxx
/s/ Xxxxxxx X. Xxxxx
-------------------------------------------
Xxxxxxx X. Xxxxx
THE XXXXXXX IRREVOCABLE TRUST, XXX XXXXXXX, TRUSTEE
By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
---------------------------------------
Name: Xxxxxxx X. Xxxxxxx
-----------------------------
Title: Executor
---------------------------
-------------------------------------------
Xxxxxx Xxxxxxxxxx
/s/ Xxxxxx X. Xxxxxxx
-------------------------------------------
Xxxxxx X. Xxxxxxx
-------------------------------------------
Xxxxxxx X. Xxxxxx
/s/ H. Xxxxxx Xxxxxx III
-------------------------------------------
H. Xxxxxx Xxxxxx III
/s/ Xxxxxxx Xxxxx
-------------------------------------------
Xxxxxxx Xxxxx
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/s/ Xxxxxxx Xxxxx
-----------------------------------------------------
Xxxxxxx Xxxxx
/s/ Xxxxxx X. Xxxxxx
-----------------------------------------------------
Xxxxxx X. Xxxxxx
XXXXXXX SHAREHOLDERS:
X.X. XXXXXXX III, L.P.
By: X.X. Xxxxxxx Equity Partners III, L.L.C.,
its General Partner
By: /s/ Xxxxxx X. X'Xxxxx
---------------------------------------
Name: Xxxxxx X. X'Xxxxx
----------------------------
Title: Managing Member
---------------------------
X.X. XXXXXXX XX, L.P.
By: X.X. Xxxxxxx Equity Partners IV, L.L.C.,
its General Partner
By: /s/ Xxxxxx X. X'Xxxxx
-----------------------------------------
Name: Xxxxxx X. X'Xxxxx
----------------------------
Title: Managing Member
---------------------------
WHITNEY STRATEGIC PARTNERS III, L.P.
By: X.X. Xxxxxxx Equity Partners III, L.L.C.,
its General Partner
By: /s/ Xxxxxx X. X'Xxxxx
---------------------------------------
Name: Xxxxxx X. X'Xxxxx
------------------------------
Title: Managing Member
-----------------------------
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ADDITIONAL UNIPHY PREFERRED SHAREHOLDERS:
--------------------------------------------
Xxxxx X. Xxxxxx
--------------------------------------------
Xxx Xxxxxx and Xxxx Xxxxxx, as joint tenants
--------------------------------------------
Xxx Xxxxxx and Xxxx Xxxxxx, as Custodians
for Xxxxx X. Xxxxxx
--------------------------------------------
Xxx Xxxxxx and Xxxx Xxxxxx, as Custodians
for Xxxxxx X. Xxxxxx
--------------------------------------------
Xxxxxx X. Xxxxxxxx
--------------------------------------------
Xxxxxxx X. Xxxxx
--------------------------------------------
Xxxxxxx X. Xxxxx
--------------------------------------------
Xxxxxx X. Xxxxx
--------------------------------------------
Xxxx X. Xxxxx
--------------------------------------------
Xxxxx X. Xxxxxxx
--------------------------------------------
Xxxxxxx X. Xxx
12
--------------------------------------------
Xxxx X. Xxxxxx
--------------------------------------------
Xxxxxx X. Xxxxxxx
--------------------------------------------
Xxxxxx X. Xxxxxxx, as Custodian
for Xxxxx X. Xxxxxxx
--------------------------------------------
Xxxxxx X. Xxxxxxx, as Custodian
for Xxxx X. Xxxxxxx
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SCHEDULE 1
SCHEDULE OF INVESTORS
UNIPHY PREFERRED SHAREHOLDERS
ABS Capital Partners, L.P.
Xxxxxxxx X. Xxxxxx
Xxxxx X. Xxxxxx
Xxxxx X. Xxxx
Xxxx Xxxxx
Xxx Xxxxxx and Xxxx Xxxxxx, as joint tenants
Xxx Xxxxxx and Xxxx Xxxxxx, as Custodians for Xxxxx X. Xxxxxx
Xxx Xxxxxx and Xxxx Xxxxxx, as Custodians for Xxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxxx, Xx.
Xxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxx
W. Xxxxxxxx Xxxxx
R. Xxxx Xxxxxxx
Xxx Xxxxxxx
Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Xxxx X. Xxxxx
Xxxxx X. Xxxxxxx
Pacific Venture Group, L.P.
Xxxxx X. Xxxxx
PVG Associates, L.P.
Xxxxxxx X. Xxx
Xxxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
Xxxxx Xxxxxxx
Xxxxxxx Xxxxxx
The Xxxxxx Companies, Inc.
Xxxx X. Xxxxxx
Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx, as Custodian for Xxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx, as Custodian for Xxxx X. Xxxxxxx
Xxxxxxx X.X. Xxxx
ARC KEY SHAREHOLDERS
Xxxxxx X. Xxxxxx Foundation
Xxxxx X. Xxxxx
First Avenue Partners, L.P.
Xxxxxxx X. Xxxxxxx
J. Xxxxxxx Xxxxx
Health Tech Affiliates, Inc.
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HLM/CB Fund, L.P.
HLM Partners VII, L.P.
W. Xxxxxxxx Xxxxx
Xxxxx Xxxxxxx, Inc.
B. Max Lauderdale
Xxxxxxx X. Xxxxxx, Xx.
Xxxxxxx X. Xxxx
Xxxxxx Xxxxxx
Xxxxx X. Xxxxx
Xxxx X. Xxxxxxxxxx
Richland Ventures II, L.P.
Richland Ventures III, L.P.
Xxx X. Xxxxxx
South Atlantic Private Equity Fund IV (QP)
South Atlantic Private Equity Fund IV, L.P.
Xxx Xxxxxx, Xx.
Xxxxxxx V.B. Xxxx
XX Two, L.P.
Xxxxx X. Xxxx, III
UNIPHY FOUNDERS
Xxxxx Xxxxxxxx
Xxxxxxx X. Xxxxx
The Xxxxxxx Irrevocable Trust, Xxx Xxxxxxx, Trustee
Xxxxxx Xxxxxxxxxx
Xxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxx
H. Xxxxxx Xxxxxx III
Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Xxxxxx X. Xxxxxx
XXXXXXX SHAREHOLDERS
X.X. Xxxxxxx III, L.P.
J.H. Xxxxxxx XX, X.X.
Xxxxxxx Strategic Partners III, L.P.
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