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Document Preview Registration Rights Agreement [Amended and Restated] |
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Title: |
Registration Rights Agreement [Amended and Restated] |
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Entities: |
Bank One, NA; Venturi Partners, Inc.; Bank of America, NA; Akin, Gump, Strauss, Hauer & Feld LLP |
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Date: |
2004 |
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Size: |
Preview shows 9KB of 79KB total |
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Price: |
$38 |
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ID: |
#338074 |
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AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT
DATED AS OF SEPTEMBER 30, 2004
AMONG
VENTURI PARTNERS, INC.
AND
THE PARTIES NAMED HEREIN
================================================================================
{PAGE}
TABLE OF CONTENTS
PAGE
Section 1. Definitions................................................. 1
Section 2. Demand Registrations........................................ 4
Section 3. Piggyback Registrations..................................... 6
Section 4. Shelf Registration.......................................... 7
Section 5. Obligations of the Company.................................. 7
Section 6. Registration Expenses....................................... 12
Section 7. Indemnification............................................. 12
Section 8. Rules 144 and 144A.......................................... 15
Section 9. Underwritten Registrations.................................. 15
Section 10. Covenants of Holders........................................ 16
Section 11. Miscellaneous............................................... 16
{PAGE}
AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT
THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (the "Agreement")
is made and entered into as of September 30, 2004, by and among Venturi
Partners, Inc., a Delaware corporation (the "Company"), and the parties
identified as "Investors" on the signature pages hereto (each an "Investor" and
together the "Investors").
PRELIMINARY STATEMENTS
----------------------
A. The Company entered into a Registration Rights Agreement dated as of
April 14, 2003 (the "Registration Rights Agreement") with several investors
pursuant to which the Company agreed to provide the Investors with certain
registration rights set forth therein.
B. The Company, Venturi Technology Partners, LLC, VTP, Inc., COMSYS
Information Technology Services, Inc., COMSYS Holding, Inc. ("Holding") and
certain stockholders of Holding (the "Holding Stockholders") entered into an
Agreement and Plan of Merger dated July 19, 2004 (the "Merger Agreement"),
pursuant to which, upon the terms and subject to the conditions thereof, VTP,
Inc. will be merged with and into Holding and Holding will be the surviving
entity (the "Merger").
C. As a condition to the consummation of the transactions contemplated
by the Merger Agreement, the Company is entering into a Registration Rights
Agreement with the Holding Stockholders to provide the Holding Stockholders with
certain registration rights (the "Holding Stockholders Registration Rights
Agreement").
D. Section 11(c) of the Registration Rights Agreement provides that the
provisions of the Registration Rights Agreement may be amended, modified,
supplemented or waived upon the prior written consent of the Company and the
Holders of a majority of the outstanding Registrable Securities.
E. In connection with the foregoing, the Company and the Investors desire
to amend and restate the Registration Rights Agreement in its entirety as set
forth herein.
Now, therefore, for good, valuable and binding consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending
to be legally bound hereby, now agree as follows:
STATEMENT OF AGREEMENT
----------------------
Section 1. Definitions.
-----------
As used in this Agreement, the following terms shall have the meanings set
forth below:
"Charter" means the Amended and Restated Certificate of Incorporation of
the Company, as amended from time to time.
{PAGE}
"Commission" means the United States Securities and Exchange Commission or
any other United States federal agency at the time administering the Securities
Act.
"Common Stock" means the Company's common stock, par value $0.01 per share,
or any other shares of capital stock or other securities of the Company into
which such shares of Common Stock shall be reclassified or changed, including,
by reason of a merger, consolidation, reorganization or recapitalization. If the
Common Stock has been so reclassified or changed, or if the Company pays a
dividend or makes a distribution on the Common Stock in shares of capital stock,
or subdivides (or combines) its outstanding shares of Common Stock into a
greater (or smaller) number of shares of Common Stock, a share of Common Stock
shall be deemed to be such number of shares of stock and amount of other
securities to which a holder of a share of Common Stock outstanding immediately
prior to such change, reclassification, exchange, dividend, distribution,
subdivision or combination would be entitled.
"Credit Restructure Agreement" means the Credit Restructure Agreement dated
April 11, 2003, among the Company and certain Investors pursuant to which the
Company issued to such Investors Warrants to purchase Common Stock.
"Delay Period" has the meaning set forth in Section 5(a) of this Agreement.
"Demand Notice" has the meaning set forth in Section 2(a) of this
Agreement.
"Demand Registration" has the meaning set forth in Section 2(a) of this
Agreement.
"Exchange Act" means the U.S. Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Commission thereunder.
"Holder" means a person who owns Registrable Securities and is either (i)
an Investor or a Permitted Transferee of an Investor that has agreed to be bound
by the terms of this Agreement as if such Person were an Investor, (ii) upon the
death of any Holder, the executor of the estate of such Holder or such Holder's
heirs, devisees, legatees or assigns or (iii) upon the disability of any Holder,
any guardian or conservator of such Holder.
"Interruption Period" has the meaning set forth in the last paragraph in
Section 5(c).
"Losses" has the meaning set forth in Section 7(a) of this Agreement.
"Misstatement/Omission" has the meaning set forth in Section 7(a) of this
Agreement.
"Permitted Transferee" means any Person to whom the rights under this
Agreement have been assigned in accordance with the provisions of Section 11(d)
hereof.
"Person" means any natural person, corporation, partnership, firm,
association, trust, government, governmental agency, limited liability company
or any other entity, whether acting in an individual, fiduciary or other
capacity.
2
{PAGE}
"Piggyback Registration" has the meaning set forth in Section 3(a) of this
Agreement.
"Prospectus" means the prospectus included in any Registration Statement,
as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by
such Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated
by reference or deemed to be incorporated by reference in such prospectus.
"Registrable Securities" means (i) the shares of Common Stock issued to the
Investors pursuant to the Restructuring Agreement, (ii) any shares of Common
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