Preview
Full Doc
 | 2002 |
Purchase Agreement
Purchase Agreement (164K)
Doc #292393: Click preview link for longer preview.
{DOCUMENT}
{TYPE}EX-99
{SEQUENCE}4
{FILENAME}mv12-23_purchase.txt
{DESCRIPTION}99.2
{TEXT}
EXHIBIT 99.2
[EXECUTION COPY]
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC.
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP.
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE I PURCHASE AND SALE.....................................................................1
SECTION 1.1 PURCHASE AND SALE OF SHARES.......................................1
SECTION 1.2 PURCHASE AND SALE OF REAL PROPERTY AND EQUIPMENT..................1
SECTION 1.3 PURCHASE PRICE FOR THE SHARES.....................................2
SECTION 1.4 PURCHASE PRICE FOR THE ASSETS.....................................3
SECTION 1.5 POST-CLOSING PRICE ADJUSTMENT.....................................3
SECTION 1.6 CLOSING...........................................................4
ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE SELLER.........................................5
SECTION 2.1 ORGANIZATION......................................................5
SECTION 2.2 CAPITALIZATION/SUBSIDIARIES.......................................5
SECTION 2.3 OWNERSHIP OF STOCK................................................6
SECTION 2.4 AUTHORIZATION; VALIDITY OF AGREEMENT..............................6
SECTION 2.5 CONSENTS AND APPROVALS; NO VIOLATIONS.............................6
SECTION 2.6 FINANCIAL STATEMENTS..............................................7
SECTION 2.7 NO UNDISCLOSED LIABILITIES........................................8
SECTION 2.8 ABSENCE OF CERTAIN CHANGES........................................8
SECTION 2.9 EMPLOYEE BENEFIT PLANS; ERISA.....................................8
SECTION 2.10 LITIGATION........................................................9
SECTION 2.11 NO DEFAULT; COMPLIANCE WITH APPLICABLE LAWS.......................9
SECTION 2.12 TAXES............................................................10
SECTION 2.13 INTELLECTUAL PROPERTY............................................15
SECTION 2.14 CONTRACTS........................................................15
SECTION 2.15 LABOR MATTERS....................................................16
SECTION 2.16 RESERVES.........................................................16
SECTION 2.17 INSURANCE PRODUCERS..............................................16
SECTION 2.18 BOOKS AND RECORDS................................................17
SECTION 2.19 RELATED PARTY TRANSACTIONS.......................................17
SECTION 2.20 BROKERS OR FINDERS...............................................17
SECTION 2.21 INSURANCE; REINSURANCE; CLAIMS AND SERVICE AGREEMENTS............18
SECTION 2.22 ENVIRONMENTAL MATTERS............................................18
SECTION 2.23 INSURANCE COVERAGE...............................................19
ARTICLE III REPRESENTATIONS AND WARRANTIES OF PURCHASER........................................19
SECTION 3.1 ORGANIZATION.....................................................19
SECTION 3.2 AUTHORIZATION; VALIDITY OF AGREEMENT; NECESSARY ACTION...........19
SECTION 3.3 CONSENTS AND APPROVALS; NO VIOLATIONS............................19
SECTION 3.4 ACQUISITION FOR INVESTMENT.......................................20
SECTION 3.5 FINANCING........................................................20
i
{PAGE}
SECTION 3.6 BROKERS OR FINDERS...............................................20
SECTION 3.7 EXCLUSIVITY OF SELLER'S AND PARENT'S REPRESENTATIONS.............20
ARTICLE IV COVENANTS...........................................................................21
SECTION 4.1 INTERIM OPERATIONS OF PYRAMID....................................21
SECTION 4.2 DUE DILIGENCE; ACCESS TO INFORMATION.............................23
SECTION 4.3 TAX MATTERS......................................................23
SECTION 4.4 EMPLOYEE MATTERS.................................................27
SECTION 4.5 PUBLICITY........................................................28
SECTION 4.6 APPROVALS AND CONSENTS; COOPERATION..............................28
SECTION 4.7 UPDATES BY SELLER................................................29
SECTION 4.8 INTERCOMPANY AGREEMENTS AND BALANCES.............................29
SECTION 4.9 GAAP FINANCIAL STATEMENTS........................................29
SECTION 4.10 COVENANT NOT TO NEGOTIATE SALE OF PYRAMID........................30
SECTION 4.11 NON-SOLICITATION.................................................30
SECTION 4.12 [INTENTIONALLY LEFT BLANK].......................................30
SECTION 4.13 COOPERATION ON FINANCING.........................................30
SECTION 4.14 ANCILLARY AGREEMENTS.............................................31
SECTION 4.15 HANDLING OF CERTAIN INSURANCE CLAIMS.............................31
ARTICLE V INDEMNIFICATION......................................................................32
SECTION 5.1 INDEMNIFICATION..................................................32
ARTICLE VI CONDITIONS..........................................................................34
SECTION 6.1 CONDITIONS TO EACH PARTY'S OBLIGATION TO EFFECT THE CLOSING......34
SECTION 6.2 CONDITIONS TO THE OBLIGATIONS OF PURCHASER AND UNIVERSAL.........35
SECTION 6.3 CONDITIONS TO THE OBLIGATIONS OF SELLER AND PARENT...............36
ARTICLE VII TERMINATION........................................................................37
SECTION 7.1 TERMINATION......................................................37
SECTION 7.2 PROCEDURE FOR AND EFFECT OF TERMINATION..........................37
ARTICLE VIII MISCELLANEOUS.....................................................................38
SECTION 8.1 GOVERNING LAW AND CONSENT TO JURISDICTION........................38
SECTION 8.2 AMENDMENT AND MODIFICATION.......................................38
SECTION 8.3 NOTICES..........................................................38
SECTION 8.4 INTERPRETATION...................................................39
SECTION 8.5 COUNTERPARTS.....................................................40
SECTION 8.6 ENTIRE AGREEMENT; THIRD PARTY BENEFICIARIES......................40
SECTION 8.7 SEVERABILITY.....................................................40
ii
{PAGE}
SECTION 8.8 SERVICE OF PROCESS...............................................40
SECTION 8.9 ASSIGNMENT.......................................................41
SECTION 8.10 EXPENSES.........................................................41
SECTION 8.11 WAIVERS..........................................................41
SECTION 8.12 FURTHER ASSURANCES...............................................41
292393
|
UAF
As referenced in this Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – TEXT}
EXHIBIT 99.2
[EXECUTION COPY]
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC.
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP .
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE I PURCHASE AND SALE.....................................................................1
SECTION
_____________
Universal American Financial Corp – Company, a Nebraska insurance company
("Seller"), Ceres Group, Inc., a Delaware corporation ("Parent"), Pennsylvania
Life Insurance Company, a Pennsylvania insurance company ("Purchaser"), and
Universal American Financial Corp ., a Delaware corporation ("Universal").
WHEREAS, Seller is the record and beneficial owner of all of the
issued and outstanding shares of capital
_____________
Universal American Financial Corp – of address or fax number
shall be effective only upon receipt):
(a) if to Purchaser or Universal, to:
[Pennsylvania Life Insurance Company or
Universal American Financial Corp .]
Six International Drive, Suite 190
Rye Brook, New York 140573
38
{PAGE}
Telephone: 914-934-8820
Fax: 914-934-2949
Attention: Robert
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – Gehringer
---------------------------------------------
Name: George A. Gehringer
Title: President
CERES GROUP, INC.
By: /s/ Thomas J. Kilian
---------------------------------------------
Name: Thomas J. Kilian
Title: President and CEO
UNIVERSAL AMERICAN FINANCIAL CORP .
By: /s/ Richard A. Barasch
---------------------------------------------
Name: Richard A. Barasch
Title: CEO
PENNSYLVANIA LIFE INSURANCE COMPANY
By: /s/ Richard A. Barasch
---------------------------------------------
Name: Richard
_____________
dt 231246
;
Ceres Group
As referenced in this Purchase Agreement:
CERES GROUP, – 4
{FILENAME}mv12-23_purchase.txt
{DESCRIPTION}99.2
{TEXT}
EXHIBIT 99.2
[EXECUTION COPY]
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC.
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP.
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
_____________
Ceres Group, – AGREEMENT
PURCHASE AGREEMENT, dated as of December 20, 2002 (the "Agreement"),
by and among Continental General Insurance Company, a Nebraska insurance company
("Seller"), Ceres Group, Inc., a Delaware corporation ("Parent"), Pennsylvania
Life Insurance Company, a Pennsylvania insurance company ("Purchaser"), and
Universal American Financial Corp., a Delaware corporation ("
_____________
Ceres Group, – 212-310-8000
Fax: 212-310-8007
Attention: Marita A. Makinen, Esq.
(b) if Seller or Parent, to:
[Continental General Insurance Company
or Ceres Group, Inc.]
Ceres Group, Inc.
17800 Royalton Road
Strongsville, Ohio 44136
Telephone (440) 572-2400
Fax: (440) 572-4500
Attention: General Counsel
With
_____________
Ceres Group, – Fax: 212-310-8007
Attention: Marita A. Makinen, Esq.
(b) if Seller or Parent, to:
[Continental General Insurance Company
or Ceres Group, Inc.]
Ceres Group, Inc.
17800 Royalton Road
Strongsville, Ohio 44136
Telephone (440) 572-2400
Fax: (440) 572-4500
Attention: General Counsel
With a copy to:
_____________
CERES GROUP, – authorized as of the date
first written above.
CONTINENTAL GENERAL INSURANCE COMPANY
By: /s/ George A. Gehringer
---------------------------------------------
Name: George A. Gehringer
Title: President
CERES GROUP, INC.
By: /s/ Thomas J. Kilian
---------------------------------------------
Name: Thomas J. Kilian
Title: President and CEO
UNIVERSAL AMERICAN FINANCIAL CORP.
By: /s/ Richard A.
_____________
dt 231272
;
|
Unitrin
As referenced in this Purchase Agreement:
Unitrin, Inc – file an affiliated, consolidated, combined or
unitary Tax Return (other than an Affiliated Group, the common parent of which
is either Seller or Unitrin, Inc ), or has any liability for the Taxes of any
person under Treasury Regulation Section 1.1502-6, 1.1502-78 or any
_____________
Unitrin, Inc – foreign Law (other than in respect of such Taxes
relating to an Affiliated Group, the common parent of which is either Seller or
Unitrin, Inc .).
(o) Pyramid has not constituted either a "distributing corporation"
or a "controlled corporation" (within the meaning of Section 355(a)(1)(A)
_____________
dt 233097
;
More... |
Preview
Full Doc
| 2002 |
Purchase Agreement
Purchase Agreement (165K)
Doc #347177: Click preview link for longer preview.
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC.
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP.
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
ARTICLE I PURCHASE AND SALE........................................................................ 1
SECTION 1.1 PURCHASE AND SALE OF SHARES....................................................... 1
SECTION 1.2 PURCHASE AND SALE OF REAL PROPERTY AND EQUIPMENT.................................. 1
SECTION 1.3 PURCHASE PRICE FOR THE SHARES..................................................... 2
SECTION 1.4 PURCHASE PRICE FOR THE ASSETS..................................................... 3
SECTION 1.5 POST-CLOSING PRICE ADJUSTMENT..................................................... 3
SECTION 1.6 CLOSING........................................................................... 4
ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE SELLER............................................ 5
SECTION 2.1 ORGANIZATION...................................................................... 5
SECTION 2.2 CAPITALIZATION/SUBSIDIARIES....................................................... 5
SECTION 2.3 OWNERSHIP OF STOCK................................................................ 6
SECTION 2.4 AUTHORIZATION; VALIDITY OF AGREEMENT.............................................. 6
SECTION 2.5 CONSENTS AND APPROVALS; NO VIOLATIONS............................................. 6
SECTION 2.6 FINANCIAL STATEMENTS.............................................................. 7
SECTION 2.7 NO UNDISCLOSED LIABILITIES........................................................ 8
SECTION 2.8 ABSENCE OF CERTAIN CHANGES........................................................ 8
SECTION 2.9 EMPLOYEE BENEFIT PLANS; ERISA..................................................... 8
SECTION 2.10 LITIGATION........................................................................ 9
SECTION 2.11 NO DEFAULT; COMPLIANCE WITH APPLICABLE LAWS....................................... 9
SECTION 2.12 TAXES............................................................................. 10
SECTION 2.13 INTELLECTUAL PROPERTY............................................................. 15
SECTION 2.14 CONTRACTS......................................................................... 15
SECTION 2.15 LABOR MATTERS..................................................................... 16
SECTION 2.16 RESERVES.......................................................................... 16
SECTION 2.17 INSURANCE PRODUCERS............................................................... 16
SECTION 2.18 BOOKS AND RECORDS................................................................. 17
SECTION 2.19 RELATED PARTY TRANSACTIONS........................................................ 17
SECTION 2.20 BROKERS OR FINDERS................................................................ 17
SECTION 2.21 INSURANCE; REINSURANCE; CLAIMS AND SERVICE AGREEMENTS............................. 18
SECTION 2.22 ENVIRONMENTAL MATTERS............................................................. 19
SECTION 2.23 INSURANCE COVERAGE................................................................ 19
ARTICLE III REPRESENTATIONS AND WARRANTIES OF PURCHASER............................................ 19
SECTION 3.1 ORGANIZATION...................................................................... 19
SECTION 3.2 AUTHORIZATION; VALIDITY OF AGREEMENT; NECESSARY ACTION............................ 19
SECTION 3.3 CONSENTS AND APPROVALS; NO VIOLATIONS............................................. 19
SECTION 3.4 ACQUISITION FOR INVESTMENT........................................................ 20
SECTION 3.5 FINANCING......................................................................... 20
{/TABLE}
i
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
SECTION 3.6 BROKERS OR FINDERS................................................................ 20
SECTION 3.7 EXCLUSIVITY OF SELLER'S AND PARENT'S REPRESENTATIONS.............................. 20
ARTICLE IV COVENANTS .............................................................................. 21
SECTION 4.1 INTERIM OPERATIONS OF PYRAMID..................................................... 21
SECTION 4.2 DUE DILIGENCE; ACCESS TO INFORMATION.............................................. 23
SECTION 4.3 TAX MATTERS....................................................................... 23
SECTION 4.4 EMPLOYEE MATTERS.................................................................. 27
SECTION 4.5 PUBLICITY......................................................................... 28
SECTION 4.6 APPROVALS AND CONSENTS; COOPERATION............................................... 28
SECTION 4.7 UPDATES BY SELLER................................................................. 29
SECTION 4.8 INTERCOMPANY AGREEMENTS AND BALANCES.............................................. 29
SECTION 4.9 GAAP FINANCIAL STATEMENTS......................................................... 29
SECTION 4.10 COVENANT NOT TO NEGOTIATE SALE OF PYRAMID......................................... 30
SECTION 4.11 NON-SOLICITATION.................................................................. 30
SECTION 4.12 [INTENTIONALLY LEFT BLANK]........................................................ 30
SECTION 4.13 COOPERATION ON FINANCING.......................................................... 30
SECTION 4.14 ANCILLARY AGREEMENTS.............................................................. 31
SECTION 4.15 HANDLING OF CERTAIN INSURANCE CLAIMS.............................................. 31
ARTICLE V INDEMNIFICATION ......................................................................... 32
SECTION 5.1 INDEMNIFICATION................................................................... 32
ARTICLE VI CONDITIONS ............................................................................. 34
SECTION 6.1 CONDITIONS TO EACH PARTY'S OBLIGATION TO EFFECT THE CLOSING....................... 34
SECTION 6.2 CONDITIONS TO THE OBLIGATIONS OF PURCHASER AND UNIVERSAL.......................... 35
SECTION 6.3 CONDITIONS TO THE OBLIGATIONS OF SELLER AND PARENT................................ 36
ARTICLE VII TERMINATION ........................................................................... 37
347177
|
UAF
As referenced in this Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – 3
{FILENAME}l97970aexv2w4.txt
{DESCRIPTION}EXHIBIT 2.4
{TEXT}
{PAGE}
EXHIBIT 2.4
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC.
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP .
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
ARTICLE I PURCHASE AND SALE........................................................................ 1
SECTION 1.1 PURCHASE AND SALE OF SHARES.......................................................
_____________
Universal American Financial Corp – Agreement"), by
and among Continental General Insurance Company, a Nebraska insurance company
("Seller"), Ceres Group, Inc., a Delaware corporation ("Parent"), Pennsylvania
Life Insurance Company, a Pennsylvania insurance company ("Purchaser"), and
Universal American Financial Corp ., a Delaware corporation ("Universal").
WHEREAS, Seller is the record and beneficial owner of all of the issued
and outstanding shares of capital stock of The Pyramid Life Insurance Company,
_____________
Universal American Financial Corp – PROVIDED, HOWEVER, that any notice of change of address or fax number
shall be effective only upon receipt):
(a) if to Purchaser or Universal, to:
[Pennsylvania Life Insurance Company or
Universal American Financial Corp .]
Six International Drive, Suite 190
Rye Brook, New York 140573
- 38 -
{PAGE}
Telephone: 914-934-8820
Fax: 914-934-2949
Attention: Robert A. Waegelein
With a copy to:
Weil,
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – COMPANY
By: /s/ George A. Gehringer
----------------------------------------
Name: George A. Gehringer
--------------------------------------
Title: President
-------------------------------------
CERES GROUP, INC.
By: /s/ Thomas J. Kilian
----------------------------------------
Name: Thomas J. Kilian
--------------------------------------
Title: President and Chief Executive Officer
-------------------------------------
UNIVERSAL AMERICAN FINANCIAL CORP .
By: /s/ Richard A. Barasch
----------------------------------------
Name: Richard A. Barasch
--------------------------------------
Title: CEO
-------------------------------------
PENNSYLVANIA LIFE INSURANCE COMPANY
By: /s/ Richard A. Barasch
----------------------------------------
Name: Richard A. Barasch
--------------------------------------
Title: CEO
-------------------------------------
- 42 -
{PAGE}
ANNEX
_____________
dt 730737
;
Ceres Group
As referenced in this Purchase Agreement:
CERES GROUP, INC – {DOCUMENT}
{TYPE}EX-2.4
{SEQUENCE}3
{FILENAME}l97970aexv2w4.txt
{DESCRIPTION}EXHIBIT 2.4
{TEXT}
{PAGE}
EXHIBIT 2.4
PURCHASE AGREEMENT
BY AND AMONG
CONTINENTAL GENERAL INSURANCE COMPANY
CERES GROUP, INC .
PENNSYLVANIA LIFE INSURANCE COMPANY
AND
UNIVERSAL AMERICAN FINANCIAL CORP.
DATED AS OF DECEMBER 20, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
ARTICLE I PURCHASE AND SALE........................................................................
_____________
Ceres Group, Inc – FURTHER ASSURANCES................................................................ 41
{/TABLE}
iii
{PAGE}
PURCHASE AGREEMENT
PURCHASE AGREEMENT, dated as of December 20, 2002 (the "Agreement"), by
and among Continental General Insurance Company, a Nebraska insurance company
("Seller"), Ceres Group, Inc ., a Delaware corporation ("Parent"), Pennsylvania
Life Insurance Company, a Pennsylvania insurance company ("Purchaser"), and
Universal American Financial Corp., a Delaware corporation ("Universal").
WHEREAS, Seller is the record and beneficial
_____________
Ceres Group, Inc – Avenue
New York, New York 10153
Telephone: 212-310-8000
Fax: 212-310-8007
Attention: Marita A. Makinen, Esq.
(b) if Seller or Parent, to:
[Continental General Insurance Company
or Ceres Group, Inc .]
Ceres Group, Inc.
17800 Royalton Road
Strongsville, Ohio 44136
Telephone (440) 572-2400
Fax: (440) 572-4500
Attention: General Counsel
With a copy to:
Sidley Austin Brown & Wood
Bank
_____________
Ceres Group, Inc – New York 10153
Telephone: 212-310-8000
Fax: 212-310-8007
Attention: Marita A. Makinen, Esq.
(b) if Seller or Parent, to:
[Continental General Insurance Company
or Ceres Group, Inc.]
Ceres Group, Inc .
17800 Royalton Road
Strongsville, Ohio 44136
Telephone (440) 572-2400
Fax: (440) 572-4500
Attention: General Counsel
With a copy to:
Sidley Austin Brown & Wood
Bank One Plaza
10
_____________
CERES GROUP, INC – signed by their respective officers thereunto duly authorized as of the date
first written above.
CONTINENTAL GENERAL INSURANCE COMPANY
By: /s/ George A. Gehringer
----------------------------------------
Name: George A. Gehringer
--------------------------------------
Title: President
-------------------------------------
CERES GROUP, INC .
By: /s/ Thomas J. Kilian
----------------------------------------
Name: Thomas J. Kilian
--------------------------------------
Title: President and Chief Executive Officer
-------------------------------------
UNIVERSAL AMERICAN FINANCIAL CORP.
By: /s/ Richard A. Barasch
----------------------------------------
Name: Richard A. Barasch
--------------------------------------
Title:
_____________
dt 1505987
;
Unitrin
As referenced in this Purchase Agreement:
Unitrin, Inc – purposes that
filed or was required to file an affiliated, consolidated, combined or unitary
Tax Return (other than an Affiliated Group, the common parent of which is either
Seller or Unitrin, Inc ), or has any liability for the Taxes of any person under
Treasury Regulation Section 1.1502-6, 1.1502-78 or any comparable provision of
state, local, or foreign
_____________
Unitrin, Inc – any comparable provision of
state, local, or foreign Law (other than in respect of such Taxes relating to an
Affiliated Group, the common parent of which is either Seller or Unitrin, Inc .).
(o) Pyramid has not constituted either a "distributing corporation" or a
"controlled corporation" (within the meaning of Section 355(a)(1)(A) of the
Code) in a distribution of
_____________
dt 757918
;
|
Universal
As referenced in this Purchase Agreement:
Universal,
express – judgment concerning the Assets, (iii) Seller accepts the
condition of the Assets "AS IS, WHERE IS" and "WITH ALL FAULTS" without any
representation, warranty or guarantee from Pyramid, Purchaser or Universal,
express or implied, as to merchantability, fitness for a particular purpose or
otherwise as to the condition, size, extent, quantity, type or value of such
property.
(c) In connection with the
_____________
dt 1441734
;
 BofA Securities
As referenced in this Purchase Agreement:
Banc of America Securities LLC – similar firm or Person in connection with any
of the transactions contemplated by this Agreement; PROVIDED, that Universal has
entered into agreements with Banc of America Securities LLC and Raymond James
and Associates, Inc. in connection with the transactions contemplated by this
Agreement and those fees and expenses will be
_____________
Banc of America Securities LLC – f) of the third full paragraph on
Page 2 of its commitment letter dated December 20, 2002 among Universal, Bank of
America and Banc of America Securities LLC .
(j) Purchaser shall have received an approval from the Pennsylvania
Insurance Department reasonably satisfactory to it (the "Pennsylvania Approval
Order") of a
_____________
dt 713040
;
More... |
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (148K)
Doc #2851246: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.2
Interpretive Provision
10
ARTICLE 2
ISSUANCE AND PURCHASE OF CONVERTIBLE SHARES
10
. . .
2851246
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP –
EX-10.1 6 a07-11099_4ex10d1.htm EX-10.1
Exhibit 10.1
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.
_____________
Universal American Financial Corp – 18
Nature of Investors? Obligations and Rights
43
iv
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
38
with a required copy (which shall not constitute notice) to:
Dechert
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – the transactions contemplated hereby.
* * * * * * *
44
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard A. Barasch
Name: Richard A. Barasch
Title: Chief Executive Officer
LEE-UNIVERSAL HOLDINGS, LLC.
By:
/s/ Joseph B. Rotberg
Name: Joseph B. Rotberg
Title: CFO
WELSH,
_____________
dt 1766968
;
 Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal &
_____________
dt 1702730
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – Subject to the satisfaction (or waiver) of the conditions set forth in Article 6, the closing of the transactions contemplated hereby (the ?Closing?) shall take place at the offices of Dechert LLP, 30 Rockefeller Plaza, New York, New York, at 10:00 A.M. (New York City time) on the tenth Business Day after the date of this Agreement, or at
_____________
Dechert – board of directors and stockholders of Parent authorizing the execution and delivery of this Agreement and the other Transaction Agreements and the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date, in the form of Exhibit 6.3(d)(iii);
(iv) the Registration Rights Agreement, executed and delivered by Parent;
(v) the certificates (in
_____________
Dechert – Financial Corp.
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
38
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
_____________
dt 1729600
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – 1211 Avenue of the Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile, Esq.
- and-
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee Equity
_____________
Weil, Gotshal – Avenue
New York, NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
39
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
_____________
Weil, Gotshal – notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union
_____________
Weil, Gotshal – 11th floor
New York, NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
40
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other
_____________
dt 1709512
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (167K)
Doc #2851251: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.2
Interpretive Provision
10
ARTICLE 2
ISSUANCE AND PURCHASE OF CONVERTIBLE SHARES
10
Section 2.1
Issuance and Purchase of Convertible . . .
2851251
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP –
EX-10.2 7 a07-11099_4ex10d2.htm EX-10.2
Exhibit 10.2
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.
_____________
Universal American Financial Corp – 18
Nature of Investors? Obligations and Rights
49
iv
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – the transactions contemplated hereby.
* * * * * * *
50
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard A. Barasch
Name: /s/ Richard A. Barasch
Title: Chief Executive Officer
LEE-UNIVERSAL HOLDINGS, LLC
By:
/s/ Joseph B. Rotberg
Name: Joseph B. Rotberg
Title: CFO
_____________
dt 1766969
;
Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
Weil, Gotshal &
_____________
dt 1702731
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – board of directors and stockholders of Parent authorizing the execution and delivery of this Agreement and the other Transaction Agreements and the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date, in the form of Exhibit 6.3(h)(iii);
(iv) the Shareholders Agreement and the Registration Rights Agreement, executed and delivered by Parent;
_____________
Dechert – American Financial Corp.
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
_____________
dt 1729601
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – 1211 Avenue of the Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile, Esq.
- and-
Weil, Gotshal & Manges LLP
44
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee
_____________
Weil, Gotshal – Fifth Avenue
New York, NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
_____________
Weil, Gotshal – to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union
_____________
Weil, Gotshal – 11th floor
New York, NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other address
_____________
dt 1709513
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (162K)
Doc #2865992: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
PAGE
ARTICLE 1 CERTAIN DEFINITIONS........................................3
Section 1.1 Certain . . .
2865992
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – {DOCUMENT}
{TYPE}EX-99
{SEQUENCE}3
{FILENAME}mm05-1007_uaf13da4e72.txt
{DESCRIPTION}EX.7.2 - FIRST STAGE SECURITIES PURCHASE AGREEMENT
{TEXT}
EXHIBIT 7.2
-----------
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
{PAGE}
TABLE OF CONTENTS
PAGE
ARTICLE 1 CERTAIN DEFINITIONS........................................3
Section 1.1 Certain Definitions..................................3
Section
_____________
Universal American Financial
Corp – Nature of Investors' Obligations and Rights.........43
iv
{PAGE}
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as
of May 7, 2007, is entered into by and among Universal American Financial
Corp ., a New York corporation ("Parent"), Lee-Universal Holdings, LLC
("Lee"), Welsh, Carson, Anderson & Stowe X, L.P. ("WCAS"), Union Square
Universal Partners, L.P. ("Union Square"), Perry Partners, L.
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by
facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
38
{PAGE}
with a required copy (which shall not constitute notice) to:
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – transactions
contemplated hereby.
* * * * * * *
44
{PAGE}
IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed as of the day and year first above
written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By: /s/ Richard Barasch
------------------------------
Name: Richard Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By: /s/ Joseph Rotberg
------------------------------
Name: Joseph Rotberg
Title: CFO
WELSH, CARSON, ANDERSON & STOWE, X, L.P.,
_____________
dt 1766977
;
Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal & Manges LLP
_____________
dt 1702738
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – Subject to the satisfaction (or waiver) of the
conditions set forth in Article 6, the closing of the transactions contemplated
hereby (the "Closing") shall take place at the offices of Dechert LLP, 30
Rockefeller Plaza, New York, New York, at 10:00 A.M. (New York City time) on the
tenth Business Day after the date of this Agreement, or at
_____________
Dechert – board of
directors and stockholders of Parent authorizing the execution and
delivery of this Agreement and the other Transaction Agreements and
the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date,
in the form of Exhibit 6.3(d)(iii);
(iv) the Registration Rights Agreement, executed and
delivered by Parent;
(v) the certificates (in
_____________
Dechert – Corp.
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
38
{PAGE}
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
320
_____________
dt 1729630
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – 1211 Avenue of the Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile,
Esq.
- and-
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee Equity Partners
_____________
Weil, Gotshal – New York, NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
39
{PAGE}
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
767
_____________
Weil, Gotshal – constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union Square
_____________
Weil, Gotshal – New York, NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
with required copies (which shall not constitute notice) to:
40
{PAGE}
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other address as
_____________
dt 1709528
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (183K)
Doc #2865997: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
PAGE
ARTICLE 1 CERTAIN DEFINITIONS........................................3
Section 1.1 . . .
2865997
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – {DOCUMENT}
{TYPE}EX-99
{SEQUENCE}8
{FILENAME}mm05-1007_uaf13da4e77.txt
{DESCRIPTION}EX.7.7 SECOND STAGE SECURITIES PURCHASE AGREEMENT
{TEXT}
EXHIBIT 7.7
-----------
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
{PAGE}
TABLE OF CONTENTS
PAGE
ARTICLE 1 CERTAIN DEFINITIONS........................................3
Section 1.1 Certain Definitions..................................3
Section
_____________
Universal American Financial Corp – Nature of Investors' Obligations and Rights.........49
iv
{PAGE}
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of
May 7, 2007, is entered into by and among Universal American Financial Corp ., a
New York corporation ("Parent"), Lee-Universal Holdings, LLC ("Lee"), Welsh,
Carson, Anderson & Stowe X, L.P. ("WCAS"), Union Square Universal Partners,
L.P. ("Union Square"), Perry Partners, L.
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by
facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – transactions
contemplated hereby.
* * * * * * *
50
{PAGE}
IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed as of the day and year first above
written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By: /s/ Richard Barasch
------------------------------
Name: Richard Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By: /s/ Joseph Rotberg
------------------------------
Name: Joseph Rotberg
Title: CFO
WELSH, CARSON, ANDERSON & STOWE, X, L.P.,
_____________
dt 1766979
;
Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
{PAGE}
Weil, Gotshal &
_____________
dt 1702739
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – board of
directors and stockholders of Parent authorizing the execution and
delivery of this Agreement and the other Transaction Agreements and
the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date,
in the form of Exhibit 6.3(h)(iii);
(iv) the Shareholders Agreement and the Registration Rights
Agreement, executed and delivered by Parent;
_____________
Dechert – American Financial Corp.
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
320
_____________
dt 1729631
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – of the Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile,
Esq.
- and-
44
{PAGE}
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee Equity Partners
_____________
Weil, Gotshal – Fifth Avenue
New York, NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
767
_____________
Weil, Gotshal – to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
{PAGE}
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union Square
_____________
Weil, Gotshal – 11th floor
New York, NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other address as
_____________
dt 1709529
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (153K)
Doc #2865999: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
2865999
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – ex99-c.htm
EX-99.C 4 ex99-c.htm FIRST STAGE SPA
Exhibit C
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section
1.1
Certain Definitions
3
Section
1.
_____________
Universal American Financial Corp – Investors? Obligations and Rights
43
iv
Table of Contents
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
37
Table of Contents
with a required copy (which shall not constitute
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – hereby.
* * * * * * *
43
Table of Contents
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard A. Barasch
Name: Richard A. Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By:
/s/ Joseph B. Rotberg
Name: Joseph B. Rotberg
Title: CFO
WELSH, CARSON, ANDERSON &
_____________
dt 1766980
;
Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal &
_____________
dt 1702740
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – Subject to the satisfaction (or waiver) of the conditions set forth in Article 6, the closing of the transactions contemplated hereby (the ?Closing?) shall take place at the offices of Dechert LLP, 30 Rockefeller Plaza, New York, New York, at 10:00 A.M. (New York City time) on the tenth Business Day after the date of this Agreement, or at
_____________
Dechert – board of directors and stockholders of Parent authorizing the execution and delivery of this Agreement and the other Transaction Agreements and the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date, in the form of Exhibit 6.3(d)(iii);
(iv) the Registration Rights Agreement, executed and delivered by Parent;
(v) the certificates (in
_____________
Dechert – International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
37
Table of Contents
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
_____________
dt 1729632
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – 1211 Avenue of the Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile, Esq.
- and-
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee Equity
_____________
Weil, Gotshal – NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
38
Table of Contents
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
_____________
Weil, Gotshal – notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union
_____________
Weil, Gotshal – NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
39
Table of Contents
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other address
_____________
dt 1709530
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (168K)
Doc #2866005: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
DATED AS OF MAY 7, 2007
Page
CERTAIN DEFINITIONS
3
Certain Definitions
3
Interpretive Provision
10
ISSUANCE AND PURCHASE OF CONVERTIBLE SHARES
10
Issuance and Purchase of Convertible Shares
10
Deliveries
11
2866005
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP – ex99-h.htm
EX-99.H 9 ex99-h.htm SECOND STAGE SPA
EXHIBIT H
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
DATED AS OF MAY 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.
_____________
Universal American Financial Corp – Investors' Obligations and Rights
49
iv
Table of Contents
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – hereby.
* * * * * * *
50
Table of Contents
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard A. Barasch
Name: Richard A. Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By:
/s/ Joseph B. Rotberg
Name: Joseph B. Rotberg
Title: CFO
WELSH, CARSON, ANDERSON &
_____________
dt 1766983
;
Cravath
As referenced in this Securities Purchase Agreement:
Cravath, Swaine – 767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 583-4000
Facsimile number: (212) 583-4146
Attention: Michael C. Neus
with required copies (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
Table of
_____________
dt 1702741
;
|
Dechert
As referenced in this Securities Purchase Agreement:
Dechert – board of directors and stockholders of Parent authorizing the execution and delivery of this Agreement and the other Transaction Agreements and the consummation of the Transactions;
(iii) an opinion of Dechert LLP, dated as of the Closing Date, in the form of Exhibit 6.3(h)(iii);
(iv) the Shareholders Agreement and the Registration Rights Agreement, executed and delivered by Parent;
_____________
Dechert – American Financial Corp.
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
with a required copy (which shall not constitute notice) to:
Dechert LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Gerald Adler, Esq.
Telephone number: (212) 698-3679
Facsimile number: (212) 698-3599
If to WCAS:
Welsh, Carson, Anderson & Stowe
_____________
dt 1729633
;
Weil Gotshal
As referenced in this Securities Purchase Agreement:
Weil, Gotshal – Americas
New York, NY 10036
Telephone number: (212) 596-9000
Facsimile number: (212) 596-9090
Attention: Othon A. Prounis, Esq. and Christopher W. Rile, Esq.
- and-
44
Table of Contents
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Lee:
Lee Equity
_____________
Weil, Gotshal – Fifth Avenue
New York, NY 10153
Telephone number: (212) 888-1500
Facsimile number: (212) 888-6388
Attention: Mark Gormley/Benjamin Hochberg
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Perry:
Perry Capital
_____________
Weil, Gotshal – amp; Moore LLP
825 Eighth Avenue
New York, NY 10019-7475
Telephone number: (212) 474-1000
Facsimile number: (212) 474-3700
Attention: Mark Greene, Esq.
- and -
45
Table of Contents
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
If to Union Square:
Union
_____________
Weil, Gotshal – 11th floor
New York, NY 10003
Telephone number: (212) 965-2400
Facsimile number: (212) 343-5206
Attention: Bob Spass/Eric Leathers
with required copies (which shall not constitute notice) to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Telephone number: (212) 310-8000
Facsimile number: (212) 310-8007
Attention: Malcolm Landau, Esq.
or to such other address
_____________
dt 1709531
|
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (147K)
Doc #3169110: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.2
Interpretive Provision
10
ARTICLE 2
ISSUANCE AND PURCHASE OF CONVERTIBLE SHARES
10
Section 2.1
Issuance and Purchase of Convertible Shares
10
Section 2.2
Deliveries
10
3169110
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP –
EX-99 6 ex99e_091907-stg1spa.htm EXHIBIT E
Exhibit E
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.
_____________
Universal American Financial Corp – 18
Nature of Investors? Obligations and Rights
43
iv
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
38
with a required copy (which shall not constitute notice) to:
Dechert
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – the transactions contemplated hereby.
* * * * * * *
44
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard Barasch
Name: Richard Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By:
/s/ Joseph Rotberg
Name: Joseph Rotberg
Title: CFO
WELSH, CARSON, ANDERSON & STOWE, X, L.
_____________
dt 1843466
| |
Preview
Full Doc
| 2007 |
Securities Purchase Agreement
Securities Purchase Agreement (166K)
Doc #3169111: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP.
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.2
Interpretive Provision
10
ARTICLE 2
ISSUANCE AND PURCHASE OF CONVERTIBLE SHARES
10
Section 2.1
Issuance and Purchase of Convertible Shares
10
Section 2.2
Deliveries
11
3169111
|
UAF
As referenced in this Securities Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP –
EX-99 7 ex99h_091907-stg2pspa.htm EXHIBIT H
Exhibit H
SECURITIES PURCHASE AGREEMENT
among
UNIVERSAL AMERICAN FINANCIAL CORP .
and
THE SEVERAL INVESTORS PARTY HERETO
Dated as of May 7, 2007
TABLE OF CONTENTS
Page
ARTICLE 1
CERTAIN DEFINITIONS
3
Section 1.1
Certain Definitions
3
Section 1.
_____________
Universal American Financial Corp – 18
Nature of Investors? Obligations and Rights
49
iv
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this ?Agreement?), dated as of May 7, 2007, is entered into by and among Universal American Financial Corp ., a New York corporation (?Parent?), Lee-Universal Holdings, LLC (?Lee?), Welsh, Carson, Anderson & Stowe X, L.P. (?WCAS?), Union Square Universal Partners, L.P. (?Union Square?), Perry Partners,
_____________
Universal American Financial Corp – postage prepaid, and shall be deemed given when so delivered personally, or by facsimile, or if mailed, two (2) days after the date of mailing, as follows:
If to Parent:
Universal American Financial Corp .
6 International Drive
Rye Brook, NY 10573-1068
Attention: Lisa M. Spivack, Esq.
Facsimile: (914) 934-0700
41
with a required copy (which shall not constitute notice) to:
Dechert
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – the transactions contemplated hereby.
* * * * * * *
47
IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed as of the day and year first above written.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
/s/ Richard Barasch
Name: Richard Barasch
Title: CEO
LEE-UNIVERSAL HOLDINGS, LLC
By:
/s/ Joseph Rotberg
Name: Joseph Rotberg
Title: CFO
WELSH, CARSON, ANDERSON & STOWE, X, L.
_____________
dt 1843467
| |
Preview
Full Doc
| 2006 |
Share Purchase Agreement
Share Purchase Agreement (193K)
Doc #2491154: Click preview link for longer preview.
SHARE PURCHASE AGREEMENT
Between
UNIVERSAL AMERICAN FINANCIAL CORP.
- and -
PENNSYLVANIA LIFE INSURANCE COMPANY
as Seller
- and -
LA CAPITALE ASSUREUR DE L?ADMINISTRATION
PUBLIQUE INC.
- and -
GMF ASSURANCES S.A.
as Buyer
Dated August 31, 2006
TABLE OF CONTENTS
ARTICLE 1 INTERPRETATION
2
1.1
Definitions
2
1.2
Statutes
10
1.3
Generally Accepted Accounting Principles
10
1.4
Headings
11
1. . . .
2491154
|
UAF
As referenced in this Share Purchase Agreement:
UNIVERSAL AMERICAN FINANCIAL CORP –
EX-2.1 2 a06-18981_1ex2d1.htm EX-2
Exhibit 2.1
SHARE PURCHASE AGREEMENT
Between
UNIVERSAL AMERICAN FINANCIAL CORP .
- and -
PENNSYLVANIA LIFE INSURANCE COMPANY
as Seller
- and -
LA CAPITALE ASSUREUR DE LADMINISTRATION
PUBLIQUE INC.
- and -
GMF ASSURANCES S.A.
as Buyer
Dated August 31, 2006
TABLE OF CONTENTS
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – 6
Severability
63
8.7
Counterparts; Facsimile Signatures
63
8.8
Further Assurances
63
8.9
Language
63
v
SHARE PURCHASE AGREEMENT
THIS AGREEMENT is made August 31, 2006
BETWEEN:
UNIVERSAL AMERICAN FINANCIAL CORP ., a corporation incorporated under the laws of New York;
AND:
PENNSYLVANIA LIFE INSURANCE COMPANY, a company incorporated under the laws of Pennsylvania;
(Universal American Financial Corp. and Pennsylvania Life
_____________
(Universal American Financial Corp – August 31, 2006
BETWEEN:
UNIVERSAL AMERICAN FINANCIAL CORP., a corporation incorporated under the laws of New York;
AND:
PENNSYLVANIA LIFE INSURANCE COMPANY, a company incorporated under the laws of Pennsylvania;
(Universal American Financial Corp . and Pennsylvania Life Insurance Company are collectively referred to as the Seller, and singularly referred to as each Seller or a Seller)
AND:
LA CAPITALE ASSUREUR DE LADMINISTRATION PUBLIQUE
_____________
Universal American Financial Corp – the Seller and the Trustee as of the Closing Date;
Trustee means CIBC Mellon Trust Company, or such other trustee as the parties may agree upon in writing;
UAFC means Universal American Financial Corp .;
Voting and Participating Securities means the common shares of a Body corporate and all other securities of such Body corporate of any kind or class having power to vote
_____________
Universal American Financial Corp – La Capitale and GMF, as the case may be, and their designee shall be bound by all of the obligations of the Buyer hereunder.
(2) The Seller shall be collectively Universal American Financial Corp . and Pennsylvania Life Insurance Company.
13
1.17 Knowledge of the Seller
Wherever there is reference in this Agreement to the knowledge or belief of the Seller, it shall
_____________
dt 1618744
;
|
Toronto-Dominion
As referenced in this Share Purchase Agreement:
Toronto-Dominion Bank – in income or inclusion in income, discounted at a rate of 12%;
Prime Rate for any day means the rate of interest expressed as a rate per annum that The Toronto-Dominion Bank establishes at its head office in Toronto as the reference rate of interest that it will charge on that day for Canadian dollar demand loans to its best commercial customers
_____________
dt 1611217
|
Preview
Full Doc
| 2007 |
Share Purchase Agreement
Share Purchase Agreement (20K)
Doc #3169107: Click preview link for longer preview.
Share Purchase Agreement
This Share Purchase Agreement, dated as of May 7, 2007 (this �Agreement�), by and among Capital Z Financial Services Fund II, L.P. (�CapZ1�), Capital Z Financial Services Private Fund II, L.P. (�CapZ2� and, collectively with CapZ1, the �Sellers�), and the purchasers listed on Exhibit A hereto (each as a �Purchaser� and collectively as the �Purchasers�).
Recitals:
Whereas, the Sellers currently own certain shares of the common stock (�Common Stock�) of Universal American Financial Corp., a New York corporation (�UAFC�), and the . . .
3169107
|
UAF
As referenced in this Share Purchase Agreement:
Universal American Financial Corp – purchasers listed on Exhibit A hereto (each as a ?Purchaser? and collectively as the ?Purchasers?).
Recitals:
Whereas, the Sellers currently own certain shares of the common stock (?Common Stock?) of Universal American Financial Corp ., a New York corporation (?UAFC?), and the Sellers desire to sell to the Purchasers, and the Purchasers desires to purchase from the Sellers, a portion of such shares on
_____________
dt 1843464
| |