|
|
|
|
Document Preview Shareholder Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Shareholder Agreement |
|||
|
Entities: |
||||
|
Date: |
2001 |
|||
|
Size: |
Preview shows 7KB of 27KB total |
|||
|
Price: |
$44 |
|||
|
ID: |
#371748 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
SHAREHOLDER AGREEMENT
This SHAREHOLDER AGREEMENT (this "Agreement"), dated as of
October 18, 2001 is made and entered into among e-MedSoft.com, a Nevada
corporation ("Parent"), TLC Acquisition Corporation, a Delaware corporation and
wholly owned subsidiary of Parent ("Merger Sub"), and each party listed under
the heading "SHAREHOLDER" on the signature page hereof (each a "Shareholder" and
collectively, the "Shareholders");
W I T N E S S E T H:
WHEREAS, as of the date hereof, each Shareholder owns
beneficially and of record the number of shares of common stock, par value $0.01
per share ("Company Common Stock"), of Tender Loving Care Health Care Services,
Inc., a Delaware corporation (the "Company"), set forth opposite the
Shareholder's name on Exhibit A hereto (the total number of shares of Company
Common Stock owned by the Shareholder, and any other Company Common Stock that
the Shareholder acquires, whether by means of purchase, dividend, distribution,
exercise of any stock options or otherwise, prior to the termination of this
Agreement, being collectively referred to as the "Shares");
WHEREAS, concurrently with the execution and delivery of this
Agreement, the Company, Parent, and Merger Sub are entering into an Agreement
and Plan of Merger of even date herewith (the "Merger Agreement"), which, upon
the terms and subject to the conditions set forth therein) provides for, among
other things, a tender offer (the "Offer") by Merger Sub for the Company Common
Stock and the subsequent merger of Merger Sub with and into the Company (the
"Merger"); and
WHEREAS, as a condition to their willingness to enter into the
Merger Agreement, Parent and Merger Sub have requested each Shareholder to
agree, and in order to induce Parent and Merger Sub to enter into the Merger
Agreement each Shareholder has agreed, to enter into this Agreement.
NOW, THEREFORE, in consideration of the premises and the
representations, warranties, covenants, and agreements hereinafter set forth,
the parties hereto hereby agree as follows:
{PAGE}
ARTICLE 1
SHAREHOLDERS' REPRESENTATIONS AND WARRANTIES
Each Shareholder, severally (and not jointly), hereby represents and
warrants to Parent and Merger Sub with respect to itself and the Shares its
holds (as set forth on Exhibit A hereto) as follows:
SECTION 1.1 DUE ORGANIZATION AND AUTHORIZATION. Shareholder, if it is a
corporation or trust, is duly organized, validly existing and in good standing
under the laws of the jurisdiction in which it is formed. Shareholder possesses
the requisite power and authority to execute, deliver, and perform this
Agreement, to appoint Merger Sub and Parent (or any nominee thereof) as its
Proxy (as defined below), and to consummate the transactions contemplated
hereby. This Agreement has been duly authorized and validly executed and
delivered by or on behalf of Shareholder and, assuming that it has been duly
authorized and validly executed and delivered by Parent and Merger Sub,
constitutes a legal, valid, and binding obligation of Shareholder, enforceable
against Shareholder in accordance with its terms, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors' rights generally, and
general equitable principles (whether considered in a proceeding in equity or at
law). There is no beneficial owner of any of the Shares set forth opposite
Shareholder's name on Exhibit A hereto or other beneficiary or holder of any
other interest therein whose consent is required for the execution and delivery
of this Agreement or for the consummation by Shareholder of the transactions
contemplated hereby.
SECTION 1.2 NO CONFLICTS; REQUIRED FILINGS AND CONSENTS. (a) The
execution and delivery of this Agreement by Shareholder do not, and the
performance of this Agreement by Shareholder will not, (i) conflict with or
violate the charter documents or trust instruments of Shareholder, if
applicable, (ii) conflict with or violate any law applicable to Shareholder or
by which Shareholder or any of Shareholder's assets is bound or affected, or
(iii) result in any breach of or constitute a default (or an event that with
notice or lapse of time or both would become a default) under, or give to others
any rights of termination, acceleration, or cancellation of, or result in the
creation of a lien or encumbrance on any assets of Shareholder (including,
without limitation, the Shares) pursuant to any note, bond, mortgage, indenture,
contract, agreement, lease, license, permit, franchise, or other instrument or
obligation to which Shareholder is a party or by which Shareholder or any of its
assets are bound or affected. (b) The execution and delivery of this Agreement
by Shareholder does not, and the performance of this Agreement by Shareholder
will not, require any consent, approval, authorization or permit of, or filing
with or notification to, any governmental or regulatory authority, domestic or
foreign, other than necessary filings under the Securities Exchange Act of 1934,
as amended.
SECTION 1.3 TITLE TO SHARES. Shareholder is the sole record and
beneficial owner of the Shares set forth opposite Shareholder's name on Exhibit
A hereto, free and clear of any pledge, lien, security interest, mortgage,
claim, proxy, voting restriction or other voting trust, agreement,
understanding, or arrangement of any kind, right of first refusal or other
limitation on disposition, adverse claim of ownership, or other encumbrance of
any kind, other than
2
{PAGE}
restrictions imposed by securities laws or pursuant to this Agreement or the
Merger Agreement. As of the date hereof, Shareholder does not own beneficially
or of record any other Shares.
SECTION 1.4 INFORMATION FOR OFFER DOCUMENTS AND PROXY STATEMENT. None
of the information relating to Shareholder and its affiliates provided by or on
|
End of Preview |
Home Intelligence Services Subscriptions News About Us