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EXHIBIT 10.1
AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.
STOCKHOLDERS AGREEMENT
Stockholders Agreement, dated as of this 17th day of April,
2000 among Warburg, Xxxxxx Equity Partners, L.P., a Delaware limited partnership
("Warburg"); the entities and individuals whose names and addresses appear from
time to time on Schedule I hereto (together with Warburg, the "Investors"); and
American Medical Systems Holdings, Inc., a Delaware corporation (the "Company").
R E C I T A L S
WHEREAS, the Investors have, pursuant to the terms of an
exchange agreement with the Company of even date herewith (the "Exchange
Agreement") purchased shares of Series A Non-Voting Preferred Stock, par value
$0.01 per share (the "Series A Preferred Stock"), shares of Series B Convertible
Voting Preferred Stock, par value $0.01 per share ("Series B Preferred Stock"),
shares of Series C Convertible Non-Voting Preferred Stock, $0.01 par value per
share ("Series C Preferred Stock"), shares of Series D Convertible Voting
Preferred Stock, $0.01 par value per share ("Series D Preferred Stock") and
shares of Series E Convertible Non-Voting Preferred Stock, $0.01 par value per
share ("Series E Preferred Stock" and, together with Series A Preferred Stock,
Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock,
the "Preferred Stock"), all of the Company, the shares of Series B Preferred
Stock and Series D Preferred Stock being convertible into shares of the
Company's common stock, par value $0.01 per share ("Voting Common Stock" and,
together with any non-voting common stock, par value $0.01 per share, of the
Company, the "Common Stock"); and
WHEREAS, the Investors and the Company desire to promote their
mutual interests by agreeing to certain matters relating to the operations of
the Company and the disposition and voting of the Preferred Stock and the Common
Stock (the "Shares").
NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto hereby agree as follows:
1. COVENANTS OF THE PARTIES
(a) Legends. The certificates evidencing the Shares acquired
by the Investors pursuant to the Exchange Agreement will bear the following
legend reflecting the restrictions on the transfer of such securities contained
in this Agreement:
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"The securities evidenced hereby are subject to the terms of
that certain Stockholders Agreement, dated as of April 17,
2000, by and among the Company and certain investors
identified therein, including certain restrictions on
transfer. A copy of this Agreement has been filed with the
Secretary of the Company and is available upon request."
(b) Additional Investors. The parties hereto acknowledge that
certain employees of the Company may become stockholders of the Company after
the date hereof. As a condition to the issuance of shares of capital stock of
the Company to them, the Company shall require such employees to execute and
deliver an agreement containing restrictions substantially similar to those set
forth in Sections 3(a), (b) and (d) hereof.
(c) Additional Stockholders. The parties agree that, if the
Company decides at any time and from time to time to issue additional Shares to
new shareholders, the Board, in its sole discretion, may agree to add such new
shareholders as parties to this Agreement, and no further amendment of this
Agreement will be necessary. In such event, the new shareholders shall, by
executing the appropriate documentation, become parties to this Agreement and
considered "Investors" as defined in the Introductory Paragraph hereof with the
same rights and obligations as the current parties hereto.
2. BOARD OF DIRECTORS.
(a) Election of Directors.
(i) As of the date hereof, the Board of Directors of the
Company (the "Board") will consist of Xxxxx Xxxxxx, Xxxxxxxxx Xxxxxxxxxx,
Xxxxxxx Xxxxxx and Xxxxxxx Xxxxx. From and after the date hereof, the Investors
and the Company shall take all action within their respective power, including
but not limited to, the voting of all shares of capital stock of the Company
owned by them, required to cause the Board to consist of up to four members or
such other number as the Board may from time to time establish, and at all times
throughout the term of this Agreement to include (i) as long as Warburg owns
beneficially (within the meaning of Rule 13d-3 under the Exchange Act) at least
fifteen percent (15%) of the Shares, representatives designated by Warburg
(each, a "Warburg Director") in a number equal to one-half of the number of
Board seats available, and (ii) Xxxx Xxxxx, who shall be entitled to be a member
of the Board until termination of his employment with American Medical Systems,
Inc. ("AMS") in accordance with the terms of the Employment Agreement, dated as
of [ ] April, 1999, between him and AMS.
(ii) From the date on which the Company completes an
underwritten public offering for shares of Common Stock (the "Initial Public
Offering") pursuant to a registration under the
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Securities Act of 1933, as amended (the "Securities Act"), and for as long as
any Investor owns beneficially (within the meaning of Rule 13d-3 under the
Exchange Act) at least twenty percent (20%) of the Shares, the Company will
nominate and use its best efforts to have two individuals designated by such
Investor and reasonably acceptable to the Company elected to the Board. From the
date on which the Company completes its Initial Public Offering and for as long
as any Investor owns beneficially at least ten percent (10%) of the outstanding
Shares, the Company will nominate and use its best efforts to have one
individual designated by such Investor and reasonably acceptable to the Company
elected to the Board.
(b) Replacement Directors. In the event that any Warburg
Director (a "Withdrawing Director") designated in the manner set forth in
Section 2(a) hereof is unable to serve, or once having commenced to serve, is
removed or withdraws from the Board, such Withdrawing Director's replacement
(the "Substitute Director") will be designated by Warburg. The Investors and the
Company agree to take all action within their respective power, including but
not limited to, the voting of capital stock of the Company owned by them (i) to
cause the election of such Substitute Director promptly following his or her
nomination pursuant to this Section 2(b) or (ii) upon the written request of
Warburg to remove, with or without cause, the Warburg Director.
3. TRANSFER OF STOCK
(a) Resale of Securities. Any Transfer or purported Transfer
made in violation of this Section 3 shall be null and void and of no effect.
(b) Rights of First Refusal.
(i) No Investor shall Transfer any of the Shares owned by it
(except to Affiliates of such investor or to members of such Investor's family,
heirs, executors or legal representatives or trusts for the benefit of such
Investor or such Investor's family, provided in each instance that such
transferee agrees to be bound by the provisions of this Agreement as if such
transferee were an original signatory hereto) unless the Investor desiring to
make the Transfer (hereinafter referred to as the "Transferor") shall have first
made the offers to sell to the Company and then to the other Investors as
contemplated by this Section 3(b), and such offers shall not have been accepted.
(ii) Offer by Transferor. Copies of the Transferor's offer
shall be given to the Company and the other Investors and shall consist of an
offer to sell to the Company or, failing its election to purchase, then to the
other Investors, all of the shares then proposed to be transferred by the
Transferor (the "Subject Shares") pursuant to a bona fide offer of a third
party, to which copies shall be attached a statement of intention to
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Transfer to such third party, the name and address of the prospective third
party transferee, the number of Subject Shares involved in the proposed
Transfer, and terms of such Transfer.
(iii) Acceptance of Offer. (A) Within twenty (20) days after
the receipt of the offer described in Section 3(b)(ii), the Company may, at its
option, elect to purchase all, but not less than all, of the Subject Shares. The
Company shall exercise such option by giving notice thereof to the Transferor
and to each other Investor within such 20-day period.
(B) In the event that the Company does not exercise its option
to purchase the Subject Shares within such 20-day period, the other Investors
may purchase all, but not less than all, of the Subject Shares by giving notice
thereof to the Transferor and to the Company within twenty (20) days after
receipt of notice from the Transferor in accordance with Section 3(b) to the
effect that the Company did not exercise its option to purchase. The other
Investors shall purchase the Subject Shares pro rata among themselves (based on
the number of Shares then owned by each other Investor) or as they shall
otherwise agree upon among themselves.
(C) In either event, the notice required to be given by the
purchasing party (the "Purchaser") shall specify a date for the closing of the
purchase which shall not be more than thirty (30) days after the date of the
giving of such notice.
(iv) Purchase Price. The purchase price per share for the
Subject Shares shall be the price per share offered to be paid by the
prospective transferee described in the offer, which price shall be paid in cash
or, if so provided in the offer of the prospective transferee, cash plus
deferred payments of cash in the same proportions, and with the same terms of
deferred payment as therein set forth.
(v) Consideration Other Than Cash. If the offer of Subject
Shares under this Section 3(b) is for consideration other than cash or cash plus
deferred payments of cash, the Purchaser shall pay the cash equivalent of such
other consideration. If the Transferor and the Purchaser cannot agree on the
amount of such cash equivalent within ten (10) days after the beginning of the
20-day period under Section 3(b)(iii)(A), any of such parties may, by three (3)
days' written notice to the other, initiate appraisal proceedings under Section
3(b)(vi) for determination of the cash equivalent. The Purchaser may give
written notice to the Transferor revoking an election to purchase the Subject
Shares within ten (10) days after determination of the appraised value, if it
chooses not to purchase the Subject Shares.
(vi) Appraisal Procedure. If any party shall initiate an
appraisal procedure to determine the amount of the cash equivalent of any
consideration for Subject Shares under Section 3(b)(v), then the Transferor, on
the one hand, and the Purchaser,
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on the other hand, shall each promptly appoint as an appraiser an individual who
shall be a member of a nationally-recognized investment banking firm. Each
appraiser shall, within thirty (30) days of appointment, separately investigate
the value of the consideration for the Subject Shares as of the proposed
transfer date and shall submit a notice of an appraisal of that value to each
party. Each appraiser shall be instructed to determine such value without regard
to income tax consequences to the Transferor as a result of receiving cash
rather than other consideration. If the appraised values of such consideration
(the "Earlier Appraisals") vary by less than ten percent (10%), the average of
the two appraisals on a per share basis shall be controlling as the amount of
the cash equivalent. If the appraised values vary by more than ten percent
(10%), the appraisers, within ten (10) days of the submission of the last
appraisal, shall appoint a third appraiser who shall be member of a nationally
recognized investment banking firm. The third appraiser shall, within thirty
(30) days of his appointment, appraise the value of the consideration for the
Subject Shares (without regard to the income tax consequences to the Transferor
as a result of receiving cash rather than other consideration) as of the
proposed transfer date and submit notice of his appraisal to each party. The
value determined by the third appraiser shall be controlling as the amount of
the cash equivalent unless the value is greater than the two Earlier Appraisals,
in which case the higher of the two Earlier Appraisals will control, and unless
that value is lower than the two Earlier Appraisals, in which case the lower of
the two Earlier Appraisals will control. If any party fails to appoint an
appraiser or if one of the two initial appraisers fails after appointment to
submit his appraisal within the required period, the appraisal submitted by the
remaining appraiser shall be controlling. The Transferor and the Purchaser shall
each bear the cost of its respective appointed appraiser. The cost of the third
appraisal shall be shared one-half by the Transferor and one-half by the
Purchaser.
(vii) Closing of Purchase. The closing of the purchase shall
take place at the office of the Company or such other location as shall be
mutually agreeable and the purchase price, to the extent comprised of cash,
shall be paid at the closing, and cash equivalents and documents evidencing any
deferred payments of cash permitted pursuant to Section 3(b)(iv) above shall be
delivered at the closing. At the closing, the Transferor shall deliver to the
Purchaser the certificates evidencing the Subject Shares to be conveyed, duly
endorsed and in negotiable form with all the requisite documentary stamps
affixed thereto.
(viii) Release from Restriction; Termination of Rights. If the
offer to sell is neither accepted by the Company nor by the other Investors, the
Transferor may make a bona fide Transfer to the prospective transferee named in
the statement attached to the offer in accordance with the agreed upon terms of
such Transfer, provided that (A) such Transfer shall be made only
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in strict accordance with the terms therein stated and (B) the transferee
agrees, in writing, to be bound by the provisions of this Agreement. If the
Transferor shall fail to make such Transfer within sixty (60) days following the
expiration of the time hereinabove provided for the election by the other
Investors or, in the event the Purchaser revokes an election to purchase the
Subject Shares pursuant to Section 3(b)(v), within sixty (60) days of the date
of such notice of revocation, such Shares shall again become subject to all the
restrictions of this Section 3.
(ix) Limitations. The provisions of this Section 3(b) shall
not apply to (i) sales by Tag-Along Investors (as defined below) pursuant to
Section 3(c) hereof or (ii) sales by Investors (other than the Majority Holders
(as defined below)) pursuant to Section 3(d) hereof.
(c) Tag-Along Rights.
(i) In the event any Investor intends to Transfer any of its
Shares (other than to any of its Affiliates or to the Company or to members of
such Investor's family, heirs, executors or legal representatives or trusts for
the benefit of such Investor or such Investor's family), such Investor (the
"Selling Investor") shall notify the other Investors who hold the same class of
stock that the Selling Investor proposes to Transfer (the "Tag-Along
Investors"), in writing, of such proposed Transfer and its terms and conditions.
Within ten (10) business days of the date of such notice, each other Tag-Along
Investor shall notify the Selling Investor if it elects to participate in such
Transfer. Any Tag-Along Investor that fails to notify the Selling Investor
within such ten-(10) business-day period be deemed to have waived its rights
hereunder. Each Tag-Along Investor that so notifies the Selling Investor shall
have the right to sell the same class of stock, at the same price and on the
same terms and conditions as the Selling Investor, an amount of Shares of the
same class of stock equal to the Shares of the same class of stock the third
party actually proposes to purchase multiplied by a fraction, the numerator of
which shall be the number of Shares of the same class of stock issued and owned
by such Tag-Along Investor and the denominator of which shall be the aggregate
number of Shares of the same class of stock issued and owned by the Selling
Investor and each Tag-Along Investor exercising its rights under this Section
3(c) (assuming, in the case of sales of Common Stock, full conversion of all
shares of convertible Preferred Stock held by the Selling Investor and each
Tag-Along Investor exercising its rights under this Section 3(c)). For purposes
of this Section 3(c), the Series B Preferred Stock, the Series D Preferred Stock
and the Voting Common Stock shall be considered the same class of stock.
(ii) Notwithstanding anything contained in this Section 3(c),
in the event that all or a portion of the purchase price consists of securities
and the sale of such securities to the Tag-Along Investors would require either
a registration under the
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Securities Act or the preparation of a disclosure document pursuant to
Regulation D under the Securities Act (or any successor regulation) or a similar
provision of any state securities law, then, at the option of the Selling
Investor, any one or more of the Tag-Along Investors may receive, in lieu of
such securities, the fair market value of such securities in cash, as determined
in good faith by the Board.
(d) Drag Along Right.
(i) If at any time and from time to time after the date of
this Agreement, the holders of a majority of the Shares (the "Majority Holders")
wish to Transfer in a bona fide arms' length sale all of their Shares to any
Person or Persons who are not Affiliates of the Majority Holders (for purposes
of this Section 3(d), the "Proposed Transferee"), the Majority Holders shall
have the right (for purposes of Section 3(d), the "Drag-Along Right") to require
each Investor to sell to the Proposed Transferee all of his Shares (including
any warrants or options to acquire Shares) for the same per share consideration
as proposed to be received by the Majority Holders (less, in the case of options
or warrants, the exercise price for such options or warrants) then held by such
Investor. Each Investor agrees to take all steps necessary to enable him or it
to comply with the provisions of this Section 3(d) to facilitate the Majority
Holder's exercise of a Drag-Along Right.
(ii) To exercise a Drag-Along Right, the Majority Holders
shall give each Investor a written notice (for purposes of this Section 3(d), a
"Drag-Along Notice") containing (1) the name and address of the Proposed
Transferee and (2) the proposed purchase price, terms of payment and other
material terms and conditions of the Proposed Transferee's offer. Each Investor
shall thereafter be obligated to sell its Shares (including any warrants or
options held by such Investor), provided that the sale to the Proposed
Transferee is consummated within ninety (90) days of delivery of the Drag-Along
Notice. If the sale is not consummated within such 90-day period, then each
Investor shall no longer be obligated to sell such Investor's Shares pursuant to
that specific Drag-Along Right but shall remain subject to the provisions of
this Section 3(d).
(iii) Notwithstanding anything contained in this Section 3(d),
in the event that all or a portion of the purchase price consists of securities
and the sale of such securities to the Investors would require either a
registration under the Securities Act or the preparation of a disclosure
document pursuant to Regulation D under the Securities Act (or any successor
regulation) or a similar provision of any state securities law, then, at the
option of the Majority Holders, the Investors may receive, in lieu of such
securities, the fair market value of such securities in cash, as determined in
good faith by the Board.
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(e) Subscription Right.
(i) If at any time after the date hereof, the Company proposes
to issue equity securities of any kind (the term "equity securities" shall
include for these purposes any warrants, options or other rights to acquire
equity securities and debt securities convertible into equity securities) of the
Company (other than the issuance of securities (i) upon conversion of Shares
pursuant to the Company's Certificate of Incorporation, (ii) to the public in a
firm commitment underwriting pursuant to a registration statement filed under
the Securities Act, (iii) pursuant to the acquisition of another corporation by
the Company by merger, purchase of substantially all of the assets or other form
of reorganization, (iv) pursuant to an employee stock option plan, stock bonus
plan, stock purchase plan or other management equity program or (v) to vendors,
customers and consultants to the Company), then, as to each Investor who then
holds in excess of one percent (1%) of the then outstanding Shares (for purposes
of this Section 3(e), AMS Investors, AMS Investors II, Second Century Growth
Deferred Compensation Plan and Standby Fund 1998 (each, a "Piper Fund" and,
collectively, the "Piper Funds") shall be considered one Investor and their
holdings shall be aggregated in determining whether the rights provided in this
Section 3(e) are available to the Piper Funds), the Company shall:
(1) give written notice setting forth in reasonable detail (1)
the designation and all of the terms and provisions of the securities proposed
to be issued (the "Proposed Securities"), including, where applicable, the
voting powers, preferences and relative participating, optional or other special
rights, and the qualification, limitations or restrictions thereof and interest
rate and maturity; (2) the price and other terms of the proposed sale of such
securities; (3) the amount of such securities proposed to be issued; and (4)
such other information as the Investors may reasonably request in order to
evaluate the proposed issuance; and
(2) offer to issue to each such Investor (or, in the case of
the Piper Funds, to such Piper Fund designated in writing by the Piper Funds) a
portion of the Proposed Securities equal to a percentage determined by dividing
(x) the number of shares of Common Stock held by such Investor and issuable to
such Investor, assuming conversion in full of any convertible securities then
held by such Investor, by (y) the total number of shares of Common Stock then
outstanding, including for purposes of this calculation all shares of Common
Stock issuable upon conversion in full of any then outstanding convertible
securities.
(ii) Each such Investor must exercise its purchase rights
hereunder within ten (10) days after receipt of such notice from the Company. If
all of the Proposed Securities offered to such Investors are not fully
subscribed by such Investors, the remaining Proposed Securities will be
reoffered to the Investors (or, in the case of the Piper Funds, to such Piper
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Fund designated in writing by the Piper Funds) purchasing their full allotment
upon the terms set forth in this Section 3(e), until all such Proposed
Securities are fully subscribed for or until all such Investors have subscribed
for all such Proposed Securities which they desire to purchase, except that such
Investors must exercise their purchase rights within five days after receipt of
all such reoffers. To the extent that the Company offers two or more securities
in units, Investors must purchase such units as a whole and will not be given
the opportunity to purchase only one of the securities making up such unit.
(iii) Upon the expiration of the offering periods described
above, the Company will be free to sell such Proposed Securities that the
Investors have not elected to purchase during the ninety (90) days following
such expiration on terms and conditions no more favorable to the purchasers
thereof than those offered to such holders. Any Proposed Securities offered or
sold by the Company after such 90 day period must be reoffered to the Investors
pursuant to this Section 3(e)
(iv) The election by an Investor not to exercise its
subscription rights under this Section 3(e) in any one instance shall not affect
its right (other than in respect of a reduction in its percentage holdings) as
to any subsequent proposed issuance. Any sale of such securities by the Company
without first giving the Investors the rights described in this Section 3(e)
shall be void and of no force and effect.
(f) Injunctive Relief. The Company and the Investors hereby
declare that it is impossible to measure in money the damages which will accrue
to the parties hereto by reason of the failure of any Investor to perform any of
its obligations set forth in this Section 3. Therefore, the Company and the
Investors shall have the right to specific performance of such obligations, and
if any party hereto shall institute any action or proceeding to enforce the
provisions hereof, each of the Company and the Investors hereby waives the claim
or defense that the party instituting such action or proceeding has an adequate
remedy at law.
TERMINATION. The Agreement shall terminate upon the closing of
a Qualified Public Offering (as defined in the Certificate of Incorporation),
except for the provisions of Section 2(a)(ii) which shall remain in full force
and effect following the closing of the Initial Public Offering or if each
Investor and the holders of a majority of the Shares shall have agreed in
writing to terminate this Agreement.
4. INTERPRETATION OF THIS AGREEMENT
(a) Terms Defined. As used in this Agreement, the following
terms have the respective meaning set forth below:
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Affiliate: shall mean any Person or entity, directly or
indirectly controlling, controlled by or under common control with such Person
or entity.
Exchange Act: shall mean the Securities Exchange Act of 1934,
as amended.
Person: shall mean an individual, partnership, joint-stock
company, corporation, limited liability company, trust or unincorporated
organization, and a government or agency or political subdivision thereof.
Security, Securities: shall have the meaning set forth in
Section 2(1) of the Securities Act.
Transfer: shall mean any sale, assignment, pledge,
hypothecation, or other disposition or encumbrance.
(b) Accounting Principles. Where the character or amount of
any asset or amount of any asset or liability or item of income or expense is
required to be determined or any consolidation or other accounting computation
is required to be made for the purposes of this Agreement, this shall be done in
accordance with U.S. generally accepted accounting principles at the time in
effect, to the extent applicable, except where such principles are inconsistent
with the requirements of this Agreement.
(c) Directly or Indirectly. Where any provision in this
Agreement refers to action to be taken by any Person, or which such Person is
prohibited from taking, such provision shall be applicable whether such action
is taken directly or indirectly by such Person.
(d) Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware applicable to
contracts made and to be performed entirely within such State.
(e) Section Headings. The headings of the sections and
subsections of this Agreement are inserted for convenience only and shall not be
deemed to constitute a part thereof.
5. MISCELLANEOUS
(a) Notices.
(i) All communications under this Agreement shall be in
writing and shall be delivered by hand or facsimile or mailed by overnight
courier or by registered or certified mail, postage prepaid:
(A) if to any of the Investors (other than Warburg), at
the address or facsimile number of such Investor
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shown on Schedule I, or at such other address as such Investor may have
furnished the Company in writing;
(B) if to Warburg, at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx
Xxxx 00000 (facsimile: (000) 000-0000), marked for attention of Xxxxx Xxxxxx or
Xxxxxxxxx Xxxxxxxxxx, or at such other address as Warburg may have furnished the
Company in writing; and
(C) if to the Company, at 00000 Xxxx Xxxx Xxxx, Xxxxxxxxxx
, Xxxxxxxxx 00000 (facsimile: (000) 000-0000), marked for attention of Chief
Financial Officer, or at such other address as it may have furnished in writing
to each of the Investors.
(ii) Any notice so addressed shall be deemed to be given: if
delivered by hand or facsimile, on the date of such delivery; if mailed by
courier, on the first business day following the date of such mailing; and if
mailed by registered or certified mail, on the third business day after the date
of such mailing.
(b) Reproduction of Documents. This Agreement and all
documents relating thereto, including, without limitation, (i) consents, waivers
and modifications which may hereafter be executed, (ii) documents received by
each Investors pursuant hereto and (iii) financial statements, certificates and
other information previously or hereafter furnished to each Investor, may be
reproduced by each Investor by an photographic, photostatic, microfilm,
microcard, miniature photographic or other similar process and each Investor may
destroy any original document so reproduced. All parties hereto agree and
stipulate that any such reproduction shall be admissible in evidence as the
original itself in any judicial or administrative proceeding (whether or not the
original is in existence and whether or not such reproduction was made by each
Investor in the regular course of business) and that any enlargement, facsimile
or further reproduction of such reproduction shall likewise be admissible in
evidence.
(c) Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the
parties.
(d) Entire Agreement; Amendment and Waiver. This Agreement and
the Purchase Agreements constitute the entire understanding of the parties
hereto relating to the subject matter hereof and supersede all prior
understandings among such parties. This Agreement may be amended, and the
observance of any term of this Agreement may be waived, with (and only with) the
written consent of the holders of a majority of the Shares.
(e) Severability. In the event that any part or parts of this
Agreement shall be held illegal or unenforceable by any
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court or administrative body of competent jurisdiction, such determination shall
not effect the remaining provisions of this Agreement which shall remain in full
force and effect.
(f) Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed an original and all of which
together shall be considered one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this
Stockholders Agreement as of the date first above written.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
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AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.
By: /s/ Xxxxxxx X. Xxxxx
--------------------------
Name: Xxxxxxx X. Xxxxx
Title: President
WARBURG, XXXXXX EQUITY PARTNERS, L.P.
By: Warburg, Xxxxxx & Co.,
General Partner
By: /s/ Xxxxxxxxx Xxxxxxxxxx
--------------------------
Name: Xxxxxxxxx Xxxxxxxxxx
Title:
STANDBY FUND 1998
By: /s/ Buzz Xxxxxx
--------------------------
Name: Buzz Xxxxxx
Title: Managing Director
AMS INVESTORS
By: /s/ Buzz Xxxxxx
--------------------------
Name: Buzz Xxxxxx
Title: Managing Director
AMS INVESTORS II
By: /s/ Buzz Xxxxxx
--------------------------
Name: Buzz Xxxxxx
Title: Managing Director
SECOND CENTURY GROWTH DEFERRED
COMPENSATION PLAN
By: XXXXX XXXXXXX INC.
By: /s/ Buzz Xxxxxx
--------------------------
Name: Buzz Xxxxxx
Title: Managing Director
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VERTICAL FUND ASSOCIATES, L.P.
By: Vertical Group, L.P.,
General Partner
By: /s/ Xxxxxxx X. Xxxxxx
-------------------------
Name: Xxxxxxx X. Xxxxxx
Title: General Partner
UPPER LAKE GROWTH CAPITAL LLC
By:
By: /s/ Xxxxx X. Xxxxxxx
--------------------------
Name: Xxxxx X. Xxxxxxx
Title: Managing Director
CRANE ISLAND VENTURES LLC
By:
By: /s/ Xxxxx X. Xxxxxxx
--------------------------
Name: Xxxxx X. Xxxxxxx
Title: Managing Director
XXX X. XXXXXXXXX
/s/ Xxx X. Xxxxxxxxx
---------------------------------
XXXXXXX X. XXXXX
/s/ Xxxxxxx X. Xxxxx
---------------------------------
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SCHEDULE I
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Investors Shares
Vertical Fund Associates, L.P. 669 shares of Series A
c/o The Vertical Group 100,000 shares of Series B
00 Xxxx Xxxxxx 33,735 shares of Series X
Xxxxxx, Xxx Xxxxxx 00000
(facsimile: (000) 000-0000)
------------------------------------------------- ----------------------------
Second Century Growth Deferred 167 shares of Series A
Compensation Plan 25,000 shares of Series B
c/o Xxxxx Xxxxxxx Ventures 8,434 shares of Series D
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
(facsimile: (000) 000-0000)
------------------------------------------------- ----------------------------
Standby Fund 1998 125 shares of Series A
c/o Xxxxx Xxxxxxx Ventures 25,000 shares of Series B
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
(facsimile: (000) 000-0000)
------------------------------------------------- ----------------------------
AMS Investors 250 shares of Series A
c/o Xxxxx Xxxxxxx Ventures 50,000 shares of Series B
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
(facsimile: (000) 000-0000)
------------------------------------------------- ----------------------------
AMS Investors II 126 shares of Series A
c/o Xxxxx Xxxxxxx Ventures 25,301 shares of Series D
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
(facsimile: (000) 000-0000)
------------------------------------------------- ----------------------------
Warburg, Xxxxxx Equity 25,410 shares of Series A
Partners, L.P. 390,000 shares of Series B
000 Xxxxxxxxx Xxxxxx 3,370,000 shares of Series X
Xxx Xxxx, Xxx Xxxx 00000 118,072 shares of Series D
(facsimile: (000) 000-0000) 1,163,856 shares of Series E
------------------------------------------------- ----------------------------
Xxx X. Xxxxxxxxx 40,000 shares of Series B
0000 Xxxxxxx Xxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
------------------------------------------------- ----------------------------
Xxxxxxx X. Xxxxx 334 shares of Series A
0000 Xxxx Xxxx Xxxxx 50,000 shares of Series B
Xxxxx, Xxxxxxxxx 00000 16,867 shares of Series D
------------------------------------------------- ----------------------------
Upper Lake Growth Capital LLC 615 shares of Series A
00000 Xxxxxx Xxxxx, Xxxxx 000 123,036 shares of Series D
Xxxx Xxxxxxx, Xxxxxxxxx 00000
------------------------------------------------- ----------------------------
Crane Island Ventures LLC 53 shares of Series A
00000 Xxxxxx Xxxxx, Xxxxx 000 10,699 shares of Series D
Xxxx Xxxxxxx, Xxxxxxxxx 00000
------------------------------------------------- ----------------------------