Document:

Exhibit
10.1

 

EQUITY PURCHASE AGREEMENT

 

THIS EQUITY PURCHASE AGREEMENT (this
“Agreement”) is made as of April 22, 2005, between VI ACQUISITION CORP., a Delaware
corporation (the “Company”), and ANTHONY
CARROLL (“Purchaser”).

 

RECITALS

 

The Company and Purchaser desire to enter into an
agreement pursuant to which Purchaser will commit to purchase, and the Company
will commit to sell, 5,802 shares
of the Company’s Common Stock, par value $0.0001 per share  (“Common Stock”) and 284.087  shares of the Company’s Series A Preferred
Stock, par value $0.0001 per share (“Preferred Stock”). All of such
shares of Common Stock and Preferred Stock are referred to herein as the “Shares.”

 

Prior to the date of this Agreement, Purchaser has
executed that certain Joinder Agreement by and between the Company and the
Purchaser dated as of February 27, 2004 (“Joinder Agreement”), pursuant
to which Purchaser was made a party to that certain Stockholders Agreement by
and among the Company, and the other parties named therein, dated as of June
13, 2003 (the “Stockholders Agreement”) and Purchaser has also executed
that certain Management Agreement by and between the Company and Purchaser
dated as of February 12, 2004 (“Management Agreement”).

 

The parties hereto agree as follows:

 

1.             Share Purchase. Upon execution of this Agreement,
Purchaser will purchase, and the Company will sell, 5,802 shares of Common Stock at a price of $4.53
per share and 284.087 shares of Preferred Stock at a price of $1,134.16 per
share. The Company will deliver to Purchaser the certificates representing the
Shares, and Purchaser will deliver to The Company a cashier’s or certified
check or wire transfer of funds in the aggregate amount of $348,483.17.

 

2.             Representations and Warranties of Purchaser. In
connection with the purchase and sale of the Shares pursuant hereto, Purchaser
represents and warrants to the Company that:

 

(a)           The
Shares will be acquired for Purchaser’s own account and not with a view to, or
intention of, distribution thereof in violation of the Securities Act of 1933,
as amended from time to time (the “Securities Act”), or any applicable
state securities laws, and the Shares will not be disposed of in contravention
of the Securities Act or any applicable state securities laws;

 

(b)           Purchaser
is sophisticated in financial matters and is able to evaluate the risks and
benefits of the investment in the Shares;

 

(c)           Purchaser
is able to bear the economic risk of an investment in the Shares for an
indefinite period of time because the Shares have not been registered under the
Securities Act 

 

 

and, therefore, cannot be sold unless subsequently
registered under the Securities Act or an exemption from such registration is
available;

 

(d)           Purchaser
has had an opportunity to ask questions and receive answers concerning the
terms and conditions of the offering of the Shares and has had full access to
such other information concerning the Company as Purchaser has requested;

 

(e)           This
Agreement and any other agreement contemplated hereby constitute legal, valid
and binding obligations of Purchaser, enforceable in accordance with their
terms, and the execution, delivery and performance of this Agreement and such
other agreements by Purchaser does not and will not conflict with, violate or
cause a breach of any agreement, contract or instrument to which Purchaser is a
party or any judgment, order or decree to which Purchaser is subject;

 

(f)            Purchaser
is not a party to or bound by any other employment agreement, noncompete
agreement or confidentiality agreement which conflicts with the obligations set
forth in this Agreement; and

 

(g)           Purchaser
is a resident of the state set forth following Purchaser’s signature.

 

3.             Representations and Warranties of the Company. In
connection with the purchase and sale of the Shares pursuant hereto, the
Company represents and warrants to Purchaser that:

 

(a)           Organization
and Authority. The Company is a corporation duly formed, validly existing
and in good standing under the laws of the State of Delaware. The Company has
all requisite corporate power and authority to carry out the transactions
contemplated by this Agreement.

 

(b)           Duly
Authorized Shares. The issuance of the Shares has been duly authorized by
the Company. When delivered and fully paid for by Purchaser, the Shares will be
validly issued, fully paid and non-assessable.

 

4.             Restrictions on Transfer of Shares. The
Management Agreement and the Stockholders Agreement and other documents to
which Purchaser is a party contain certain restrictions on the transferability of
the Shares and other obligations of Purchaser with respect to the Shares and
otherwise.

 

5.             Notices. Any notice provided for in this
Agreement shall be in writing and shall be deemed to have been given (a) when
delivered personally to the recipient, (b) one (1) business day following
deposit with a reputable express courier service for next day delivery (charges
prepaid), (c) three (3) business days after it is mailed to the recipient by
certified or registered mail, return receipt requested and postage prepaid, or
(d) one (1) business day after receipt is electronically confirmed, if sent by
fax (provided that a hard copy shall be promptly sent by first class mail,
postage prepaid). Such notices, demands and other communications shall be sent
to the Purchaser and to the Company at the addresses indicated below or to such
other address or to the attention of such other person as the recipient party
has specified by prior written notice to the sending party:

 

 

If to the Company:

 

VI Acquisition
Corp.

400 West 48th
Avenue

Denver, Colorado
80216

Attn:                    Chief
Executive Officer

Tel:                            (303)
296-2121

Fax:                           (303)
672-2668

 

If to the
Purchaser, at the address set forth following Purchaser’s
signature,

or such other address, facsimile number or to the
attention of such other person as the recipient party shall have specified by
prior written notice to the sending party.

 

6.             General Provisions.

 

(a)           Severability.
Whenever possible, each provision of this Agreement will be interpreted in such
manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such invalidity,
illegality or unenforceability will not affect any other provision or any other
jurisdiction, but this Agreement will be reformed, construed and enforced in
such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

 

(b)           Complete
Agreement. This Agreement embodies the complete agreement and understanding
among the parties and supersedes and preempts any prior understandings,
agreements or representations by or among the parties, written or oral, which
may have related to the subject matter hereof in any way.

 

(c)           Counterparts.
This Agreement may be executed in separate counterparts, each of which is
deemed to be an original and all of which taken together constitute one and the
same agreement.

 

(d)           Successors
and Assigns. Except as otherwise provided herein, this Agreement shall bind
and inure to the benefit of and be enforceable by Purchaser, the Company, and
their respective successors and assigns (including subsequent holders of
Shares); provided that the rights and obligations of Purchaser under
this Agreement shall not be assignable except in connection with a permitted
transfer of Shares hereunder and under the Stockholders Agreement and
Management Agreement.

 

(e)           Choice
of Law. All questions concerning the construction, validity and
interpretation of this Agreement will be governed by and construed in
accordance with the internal laws of the State of Illinois, without giving
effect to any choice of law or conflict of law provision or rule (whether of
the State of Illinois or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Illinois.

 

 

(f)            Remedies. Each of the parties to this Agreement will be entitled to
enforce its rights under this Agreement specifically, to recover damages and
costs (including attorney’s fees) caused by any breach of any provision of this
Agreement and to exercise all other rights existing in its favor. The parties
hereto agree and acknowledge that money damages may not be an adequate remedy
for any breach of the provisions of this Agreement and that any party may in
its sole discretion apply to any court of law or equity of competent
jurisdiction (without posting any bond or deposit) for specific performance
and/or other injunctive relief in order to enforce or prevent any violations of
the provisions of this Agreement.

 

(g)           Amendment
and Waiver. The provisions of this Agreement may be amended and waived only
with the prior written consent of the Company and Purchaser. No cause of
conduct or failure or delay in enforcing the provisions of this Agreement shall
affect the validity, binding effect or enforceability of this Agreement.

 

(h)           Business
Days. If any time period for giving notice or taking action hereunder
expires on a day which is a Saturday, Sunday or holiday in Chicago, Illinois,
the time period shall be automatically extended to the business day immediately
following such Saturday, Sunday or holiday.

 

(i)            Waiver
of Jury Trial. Each of the parties hereto hereby irrevocably waives any and
all right to trial by jury of any claim or cause of action in any legal
proceeding arising out of or related to this Agreement or the transactions or
events contemplated hereby or any course of conduct, course of dealing,
statements (whether verbal or written) or actions of any party hereto. The
parties hereto each agree that any and all such claims and causes of action
shall be tried by a court trial without a jury. Each of the parties hereto
further waives any right to seek to consolidate any such legal proceeding in
which a jury trial has been waived with any other legal proceeding in which a
jury trial cannot or has not been waived.

 

 

IN WITNESS WHEREOF,
the parties hereto have executed this Equity Purchase Agreement as of the date
first written above.

 

 

	
   

  	
  VI
  ACQUISITION CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
  Name:  Debra Koenig

  
	
   

  	
  Its: Executive Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PURCHASER

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ANTHONY
  CARROLL

  
	
   

  	
   

  
	
   

  	
  State of residence: COLORADO

  
	
   

  	
   

  
	
   

  	
  Purchaser’s Address for Notices:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Tel:

  	
   

  	
   

  
	
   

  	
  Fax:Exhibit 10.2

 

VI
ACQUISITION CORP.

400
West 48th Avenue

Denver,
CO 80216

 

March 1, 2006

 

Anthony J. Carroll

5535 Preserve Drive

Greenwood Village, Colorado 80121

 

Dear Mr. Carroll:

 

Reference is hereby made to the Equity Purchase
Agreement dated as of April 22, 2005 by and between VI Acquisition Corp., a
Delaware corporation (the “Company”) and Anthony Carroll (“Carroll”)
(such agreement, the “Agreement”). Pursuant to the Agreement, Carroll
purchased 284.087 shares of the Company’s Series A Preferred Stock, par value
$0.0001 per share (the “Preferred Stock”), at a purchase price of
$1,134.16 per share (such Preferred Stock purchased by Carroll, the “Carroll
Stock”). The purchase price for the Carroll Stock included the dividends
that would have accrued on the Carroll Stock had such stock been issued on June
13, 2003, although such dividends had not actually accrued on the Carroll Stock
as of the date of purchase.

 

The Company hereby agrees that upon receipt by the
holders of the Preferred Stock of any payment in respect of the dividends
accrued on such shares of Preferred Stock from June 13, 2003 through April 22,
2005 (the “Dividend Payment”), whether as a result of the payment of
accrued dividends on the Preferred Stock by the Company, the purchase of the Preferred
Stock by the Company or a third party, or otherwise, Carroll shall be entitled
to receive a payment from the Company equal to the amount that Carroll would
have received had Carroll (i) held the shares of Carroll Stock from June 13,
2003 through April 22, 2005, (ii) accrued dividends on such shares of Carroll
Stock during such period, and (iii) received a portion of the Dividend Payment
in respect of such accrued dividends.

 

The foregoing payment right shall terminate on a pro
rata basis in proportion to the number of shares of Carroll Stock that may be
repurchased by the Company prior to the occurrence of the Dividend Payment.

 

	
   

  	
  VI ACQUISITION CORP.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Debra Koenig

  	
   

  
	
   

  	
  Name: 

  	
  Debra Koenig

  	
   

  
	
   

  	
  Title: 

  	
  Chief Executive Officer

  	
   

  

 

	
  Acknowledged and agreed

  
	
  as of March 10, 2006

  
	
   

  
	
  /s/ Anthony J. Carroll

  	
   

  
	
  Anthony J. Carroll

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