Attached files
file | filename |
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8-K - FORM 8-K - ALLION HEALTHCARE INC | g20838e8vk.htm |
EX-2.1 - EX-2.1 - ALLION HEALTHCARE INC | g20838exv2w1.htm |
EX-99.2 - EX-99.2 - ALLION HEALTHCARE INC | g20838exv99w2.htm |
Exhibit 99.1
VOTING AGREEMENT
This VOTING AGREEMENT (this Agreement) is entered into as of October ___, 2009, by
and between Brickell Bay Acquisition Corp., a Delaware corporation (Parent), and [___]
(Stockholder), in its capacity as a stockholder of Allion Healthcare, Inc., a Delaware
corporation (the Company).
RECITALS
A. Parent, Brickell Bay Merger Corp., a Delaware corporation and wholly-owned subsidiary of
Parent (Merger Sub), and the Company are entering into an Agreement and Plan of Merger of
even date herewith (as the same from time to time may be modified, supplemented or restated, the
Merger Agreement), providing for the merger of Merger Sub with and into the Company, with
the Company as the Surviving Corporation of the merger. Capitalized terms used and not otherwise
defined in this Agreement shall have the respective meanings assigned to such terms in the Merger
Agreement.
B. Stockholder is the record holder and full beneficial owner of the number, type, class and
series of shares of the Companys Common Stock set forth on Exhibit A hereto (such shares
of Common Stock, together with all other shares of the Companys Common Stock acquired by
Stockholder after the date hereof and during the term of this Agreement (including as such shares
may be adjusted by any stock dividend, stock split, recapitalization, combination or other similar
transaction) being collectively referred to herein as the Subject Shares).
C. The execution and delivery of this Agreement by Stockholder is a material inducement to the
willingness of Parent to enter into the Merger Agreement.
D. Stockholder understands and acknowledges that the Company and Parent are entitled to rely
on (i) the truth and accuracy of Stockholders representations contained in this Agreement and (ii)
Stockholders performance of the obligations set forth herein.
NOW, THEREFORE, in consideration of the premises and the covenants and agreements set forth in
the Merger Agreement and in this Agreement, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Representations, Warranties and Covenants of Stockholder. Stockholder hereby
represents, warrants and covenants to Parent as follows:
(a) Stockholder is the beneficial owner (as determined pursuant to Rule 13d-3 promulgated
under the Securities Exchange Act of 1934, as amended (the Exchange Act)) of, and
exercises voting power over, the Subject Shares, free and clear of all Liens. Stockholder does not
own of record or beneficially any shares of capital stock of the Company other than the Subject
Shares (excluding shares as to which Stockholder currently disclaims beneficial ownership in
accordance with applicable law).
(b) Stockholder has all requisite contractual power, capacity and authority necessary to
execute and deliver this Agreement, to consummate the transactions contemplated hereby, and to
perform Stockholders obligations hereunder. This Agreement has been duly executed and delivered
by Stockholder and constitutes a legal, valid and binding obligation of Stockholder, enforceable
against Stockholder in accordance with its terms. Stockholder has received a copy of the Merger
Agreement, has reviewed this Agreement, the Merger Agreement and the other agreements and documents
contemplated hereby and thereby with representatives of the Company and with Stockholders business
and legal
advisors. Stockholder acknowledges that this Agreement provides for the Subject Shares to be
voted in favor of the Merger and the other transactions contemplated by the Merger Agreement.
Stockholder understands and acknowledges that its execution and delivery of this Agreement is a
material inducement to Parents willingness to enter into, and to cause Merger Sub to enter into,
the Merger Agreement.
(c) Neither the execution, delivery or performance of this Agreement, nor compliance by
Stockholder with any of the provisions hereof, with or without the giving of notice or the lapse of
time, or both, shall result in (a) a breach of, or a default under, any term or provision of any
agreement to which Stockholder is a party or by which Stockholders assets (including any of the
Subject Shares) are bound, (b) a violation by Stockholder of any applicable Law, or (c) an
imposition of any Lien on the Subject Shares.
2. Restrictions on Subject Shares. Until the Expiration Date (as defined below),
subject to the terms and conditions contained herein and in the Merger Agreement:
(a) Stockholder shall not, except as contemplated by the terms of the Merger Agreement,
directly or indirectly (i) sell, sell short, transfer (with or without consideration), exchange,
pledge or otherwise encumber, assign or otherwise dispose of, or enter into any contract,
agreement, option or other arrangement or understanding with respect to the sale, transfer (with or
without consideration), pledge, exchange, assignment or other disposition of, the Subject Shares
(and any capital stock Stockholder otherwise controls or has voting rights with respect thereto) to
any person other than Parent or its designee, (ii) enter into any voting arrangement, whether by
proxy, voting agreement, voting trust, power-of-attorney or otherwise, with respect to the Subject
Shares (and any capital stock Stockholder otherwise controls or has voting rights with respect
thereto), or (iii) take any other action that would in any way restrict, limit, hinder or interfere
with the performance by the Company of its obligations under the Merger Agreement or the
Transactions, or in any way restrict, limit, hinder or interfere with the Transactions. From and
after the date of this Agreement through the term of this Agreement, Stockholder agrees not to
request the Company to register or otherwise recognize the transfer (book-entry or otherwise) of
any Subject Shares or any certificate or uncertificated interest representing any of Stockholders
Subject Shares.
(b) Stockholder shall not, directly or indirectly, take any action that would make any
representation or warranty contained herein untrue or incorrect or have the effect of impairing the
ability of Stockholder to perform its obligations under this Agreement.
As used herein, the term Expiration Date means the earlier of (i) the Effective Time
and (ii) the date and time of the valid termination of the Merger Agreement in accordance with its
terms.
3. Agreement to Vote Subject Shares. Prior to the Expiration Date, Stockholder, in
its capacity as a stockholder of the Company, agrees as follows:
(a) At any meeting (whether annual or special and whether or not adjourned or postponed) of
the stockholders of the Company, however called, Stockholder shall appear at the meeting or
otherwise cause the Subject Shares (and any capital stock Stockholder otherwise controls or has
voting rights with respect thereto) to be counted as present at such meeting for purposes of
establishing a quorum and vote (or cause to be voted) such shares (i) in favor of the Merger
Agreement and all the Transactions, (ii) against any merger, consolidation, combination, sale of
substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or
by the Company or any other Acquisition Proposal (other than the Merger Agreement and the
Transactions or, from the date hereof until the time of the Stockholders Meeting to approve the
Merger and the Transactions, a Superior Proposal subject to and in accordance with Section 5.09 of
the Merger Agreement) or any other action or agreement that would
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result in a breach of any covenant, representation or warranty or any other obligation of the
Company or Stockholder under this Agreement, the Merger Agreement, or any other agreement
contemplated hereby or thereby or which would reasonably be expected to result in any of the
conditions of the Companys or Stockholders under any such agreement not being fulfilled, and
(iii) against any amendment of the Companys governing documents, or other proposal or transaction
involving the Company or any of its subsidiaries, which amendment or other proposal or transaction
would in any manner impede, frustrate, delay, prevent or nullify the Merger Agreement or the
Transactions.
(b) Stockholder further agrees that, until the termination of this Agreement, Stockholder will
not, and will not permit any entity under Stockholders control to, (i) solicit proxies or become a
participant in a solicitation (as such terms are defined in Rule 14A under the Exchange Act)
with respect to an Opposing Proposal (as defined below), (ii) initiate a stockholders vote with
respect to an Opposing Proposal or (iii) become a member of a group (as such term is used in
Section 13(d) of the Exchange Act) with respect to any voting securities of the Company with
respect to an Opposing Proposal. For the purposes of this Agreement, an Opposing
Proposal means any action or proposal described in clause (ii) of Section 3(a) above.
(c) Other than as set forth or permitted under the Merger Agreement, Stockholder shall not
enter into any agreement or commitment with any Person the effect of which would be inconsistent
with or violative of any of the provisions and agreements contained in Section 3(a) or
Section 3(b).
4. Irrevocable Proxy. In order to secure Stockholders obligations under this
Agreement, Stockholder hereby appoints Parent (the Proxy) as its true and lawful proxy
and attorney-in-fact, with full power of substitution, to (x) vote the Subject Shares for the
matters expressly provided for in this Agreement and (y) execute and deliver all written consents,
conveyances and other instruments or documents appropriate or necessary to effect the matters
expressly provided for in this Agreement. The Proxy may exercise the irrevocable proxy granted to
it hereunder at any time Stockholder fails to comply with the provisions of this Agreement. The
proxies and powers granted by Stockholder pursuant to this Agreement are coupled with an interest
and are given to secure the performance of Stockholders obligations. Such proxies and powers
shall be irrevocable and shall survive death, incompetency, disability or bankruptcy of
Stockholder. Upon the execution of this Agreement, Stockholder hereby revokes any and all prior
proxies or powers of attorney given by Stockholder with respect to voting of the Subject Shares on
the matters referred to in Section 3(a) and Stockholder agrees to not grant any subsequent
proxies or enter into any agreement or understanding with any Person to vote or give voting
instructions with respect to the Subject Shares in any manner inconsistent with the terms of this
irrevocable proxy until after the Expiration Date. Stockholder understands and acknowledges that
Parent is entering into the Merger Agreement in reliance upon Stockholders execution and delivery
of this Agreement and Stockholders granting of the proxy contained in this Section 4.
Stockholder hereby affirms that the proxy granted in this Section 4 is given in connection
with the execution of the Merger Agreement, and that such proxy is given to secure the performance
of the duties of Stockholder under this Agreement.
5. Consent and Waiver; Termination of Existing Agreements. Stockholder hereby gives
any consents or waivers that are reasonably required for the consummation of the Merger under the
terms of any agreement or instrument to which Stockholder is a party or subject or in respect of
any rights Stockholder may have in connection with the Merger or the other transactions expressly
provided for in the Merger Agreement (whether such rights exist under any of the Companys charter
documents, or any contract to which the Company is a party or by which it is, or any of its assets
are, bound under statutory or common law or otherwise). Without limiting the generality or effect
of the foregoing, Stockholder hereby waives any and all rights to contest or object to the
execution and delivery of the Merger Agreement, the Companys board of directors actions in
approving and recommending the Merger, the
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Merger Agreement and the Certificate of Merger, and the consummation of the Merger and the
other transactions provided for in the Merger Agreement, or to seek damages or other legal or
equitable relief in connection therewith. From and after the Effective Time, Stockholders right
to receive the consideration set forth in Article II of the Merger Agreement on the terms and
subject to the conditions set forth in the Merger Agreement shall constitute Stockholders sole and
exclusive right against the Company and/or Parent in respect of Stockholders ownership of the
Subject Shares or status as a stockholder of the Company or any agreement or instrument with the
Company pertaining to the Subject Shares or Stockholders status as a stockholder of the Company,
in any case other than as set forth in the Merger Agreement.
6. Appraisal Rights. Stockholder agrees not to exercise, and to the extent permitted
by law, hereby waives any rights of appraisal or any dissenters rights that Stockholder may have
(whether under applicable law or otherwise) or could potentially have or acquire in connection with
the Merger.
7. Stockholder Capacity. Notwithstanding anything to the contrary herein, Stockholder
is only executing this Agreement in Stockholders capacity as the record and beneficial owner of
the Subject Shares. If Stockholder is a director of the Company, nothing in this Agreement shall
prevent Stockholder from taking any action solely in Stockholders capacity as a director of the
Company in the exercise of Stockholders fiduciary duties with respect to an Acquisition Proposal
in compliance with the provisions of the Merger Agreement.
8. Miscellaneous.
(a) Notices. All notices and other communications hereunder shall be in writing and
shall be deemed given on (i) the date of delivery, if delivered personally or by commercial
delivery service, or (ii) on the date of confirmation of receipt (or the next Business Day, if the
date of confirmation of receipt is not a Business Day), if sent via facsimile (with confirmation of
receipt), to the parties hereto at the following address (or at such other address for a party as
shall be specified by like notice):
(i) | if to Parent, to: | ||
Brickell Bay Acquisition Corp. c/o H.I.G. Capital, L.L.C. 1001 Brickell Bay Drive, 27th Floor Miami, Florida 33131 Attention: Brian Schwartz |
|||
Facsimile No. (305) 379-2013 | |||
with a copy (which shall not constitute notice)
to: Kirkland & Ellis LLP 300 North LaSalle Street Chicago, Illinois 60654 Attention: Michael H. Weed Facsimile No.: (312) 861-2200 |
|||
(ii) | if to Stockholder, to the address set forth on the signature page hereof. |
(b) Specific Performance; Injunctive Relief. Stockholder acknowledges and agrees that
irreparable damage may occur in the event that any of Stockholders obligations under this
Agreement were not performed in accordance with their specific terms or were otherwise breached.
Therefore,
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Stockholder acknowledges and agrees that, in addition to any other remedies that may be
available to Parent upon any such violation of this Agreement, Parent shall have the right to
enforce such covenants and agreements by specific performance, injunctive relief or by any other
means available to Parent at law or in equity and Stockholder hereby waives any and all defenses
which could exist in Stockholders favor in connection with such enforcement and waives any
requirement for the security or posting of any bond in connection with such enforcement.
(c) Counterparts. This Agreement may be executed in one or more counterparts, all of
which shall be considered one and the same instrument and shall become effective when one or more
counterparts have been signed by each of the parties and delivered to the other parties hereto; it
being understood that all parties need not sign the same counterpart.
(d) Entire Agreement; Nonassignability; Parties in Interest. This Agreement and the
documents and instruments and other agreements specifically referred to herein or delivered
pursuant hereto (i) constitute the entire agreement among the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, both written and oral, among
the parties with respect to the subject matter hereof, and (ii) are not intended to confer, and
shall not be construed as conferring, upon any Person other than the parties hereto any rights or
remedies hereunder. Neither this Agreement nor any of the rights, interests, or obligations under
this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise,
by either party hereto without the prior written consent of the other party hereto, and any such
assignment or delegation that is not consented to shall be null and void. Subject to the preceding
sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the
parties hereto and their respective successors and assigns (including, without limitation, any
person to whom any Subject Shares are sold, transferred or assigned).
(e) Severability. In the event that any provision of this Agreement, or the
application thereof, becomes or is declared by a court of competent jurisdiction to be illegal,
void or unenforceable, the remainder of this Agreement shall continue in full force and effect and
the application of such provision to other persons or circumstances shall be interpreted so as
reasonably to effect the intent of the parties hereto. The parties hereto further agree to use
their commercially reasonable efforts to replace such void or unenforceable provision of this
Agreement with a valid and enforceable provision that shall achieve, to the extent possible, the
economic, business and other purposes of such void or unenforceable provision.
(f) Remedies Cumulative. Except as otherwise provided herein, any and all remedies
herein expressly conferred upon a party shall be deemed cumulative with and not exclusive of any
other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of
any one remedy shall not preclude the exercise of any other remedy.
(g) Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware without reference to such states principles of conflicts of
law.
(h) Rules of Construction. The parties hereto agree that the language used in this
Agreement will be deemed to be the language chosen by them to express their mutual intent and,
therefore, waive the application of any law, regulation, holding or rule of construction providing
that ambiguities in an agreement or other document shall be construed against the party drafting
such agreement or document.
(i) Additional Documents, Etc. Stockholder shall execute and deliver any additional
documents necessary or desirable, in the reasonable opinion of Parent, to carry out the purpose and
intent of this Agreement. Without limiting the generality or effect of the foregoing or any other
obligation of
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Stockholder hereunder, Stockholder hereby authorizes Parent to deliver a copy of this
Agreement to the Company and hereby agrees that each of the Company and Parent may rely upon such
delivery as conclusively evidencing the consents, waivers and terminations of Stockholder referred
to in Section 5, in each case for purposes of all agreements and instruments to which such
elections, consents, waivers and/or terminations are applicable or relevant.
(j) Termination. This Agreement shall terminate and shall have no further force or
effect from and after the Expiration Date, provided, that no such termination shall relieve
any party from liability for any breach of this Agreement prior to such termination.
(k) Jurisdiction and Venue. Each of the parties hereto (i) submits to the
jurisdiction of the state courts of the State of Delaware for all purposes in any action or
proceeding arising out of or relating to this Agreement, (ii) agrees that all claims in respect of
such action or proceeding may be heard or determined in any such court, and (iii) agrees not to
bring any action or proceeding arising out of or relating to this Agreement in any other court.
Each of the parties waives any defense of inconvenient forum to the maintenance of any action or
proceeding so brought and waives any bond, surety or other security that might be required of any
other party with respect thereto. Each party agrees that a final judgment in any action or
proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any
other manner provided by law.
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IN WITNESS WHEREOF, the parties hereto have caused this Voting Agreement to be executed as of the
date first above written.
BRICKELL BAY ACQUISITION CORP. | ||||
By: | ||||
Name: | ||||
Its: | ||||
Signature
Page to Voting Agreement
[NAME] | ||
(Print Address) | ||
(Print Address) | ||
(Print Facsimile Number) |
Signature
Page to Voting Agreement
EXHIBIT A
Shares held of record and beneficially owned:
[___] shares of Company Common Stock