Document:

Filed by Bowne Pure Compliance

Exhibit 10.1

PIGGYBACK REGISTRATION RIGHTS
AGREEMENT

This PIGGYBBACK
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered
into as of December 22, 2008, by and among Integra LifeSciences Holdings
Corporation, a Delaware corporation (the “Company”) and
George Heenan, Thomas Gilliam and Michael Evers, as trustees of The Bruce A.
LeVahn 2008 Trust and Steven M. LeVahn (each individually, a
“Shareholder” and, collectively, the
“Shareholders”).

RECITALS

WHEREAS, this
Agreement is made pursuant to the Stock Purchase Agreement (the
“Acquisition Agreement”), dated as of the date hereof, by
and among the Company and the Shareholders (the owners of all the outstanding
shares of Minnesota Scientific, Inc., doing business as “Omni-Tract
Surgical” (“Minnesota Scientific”));

WHEREAS, pursuant
to the Acquisition Agreement, (a) Minnesota Scientific has been acquired
by the Company (the “Acquisition”), (b) the
Shareholders received cash and shares of common stock, par value $0.01 per
share, of the Company (the “Common Stock”) on the Closing
Date (as defined in the Acquisition Agreement), (c) the Shareholders
will receive certain Common Stock on the Second Payment Date (as defined in the
Acquisition Agreement), and (d) certain shares of Common Stock were
deposited with the custodian of the Escrow Agent (as defined in the Acquisition
Agreement) (the “Escrow Shares”).

WHEREAS, in
connection with the consummation of the Acquisition, the parties desire to
enter into this Agreement in order to grant certain registration rights to the
Shareholders as set forth herein.

NOW, THEREFORE, in
consideration of the foregoing premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

AGREEMENT

1. Certain Definitions. As
used in this Agreement, the following terms shall have the following respective
meanings:

(a) “Commission” means the Securities
and Exchange Commission or any other federal agency at the time administering
the Securities Act.

(b) “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended, or any successor federal statute,
and the rules and regulations of the Commission thereunder, all as the same
shall be in effect at the time.

(c) “Holder” shall mean (i) each
Shareholder, and (ii) and any person or entity holding Registrable
Securities to whom the relevant rights under this Agreement have been
transferred in accordance with the terms hereof, but solely in such
Holder’s capacity as a stockholder of the Company (including, but not
limited to, the Escrow Agent with respect to the Escrow Shares).

 

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(d) The terms
“register,” “registered” and
“registration” refer to a registration effected by preparing
and filing a registration statement in compliance with the Securities Act, and
the declaration or ordering of the effectiveness of such registration statement.

(e) “Registrable Securities” means
(i) the shares of Common Stock issued to the Shareholders pursuant to
the Acquisition Agreement as set forth on Schedule 1 attached
hereto and (ii) any shares of Common Stock issued or issuable upon any
stock split, dividend or other distribution, recapitalization or similar event
with respect to the foregoing; provided, that with respect to a
particular Holder, such Holder’s shares of Common Stock shall cease to be
Registrable Securities upon the earliest to occur of the following: (A)
a sale pursuant to a registration statement or Rule 144 under the
Securities Act (in which case, only such shares of Common Stock sold by the
Holder shall cease to be a Registrable Security); or (B) the date on
which, in the opinion of counsel to the Company, such Registrable Securities
become eligible for resale by the Holder under Rule 144 without volume or
manner-of-sale restrictions.

(f) “Registration Expenses” shall mean
all expenses incurred in connection with registrations, filings or
qualifications pursuant to Section 2 hereof, including, without
limitation, all registration, qualification and filing fees, printing expenses,
escrow fees, fees and disbursements of counsel for the Company, blue sky fees
and expenses, the expense of any special audits incident to or required by any
such registration, but shall not include (x) Selling Expenses and
(y) the compensation of regular employees of the Company, which
compensation shall be paid in any event by the Company.

(g) “Securities Act” shall mean the
Securities Act of 1933, as amended, or any successor federal statute, and the
rules and regulations of the Commission thereunder, all as the same shall be in
effect at the time.

(h) “Selling Expenses” shall mean all
underwriting discounts, selling commissions and stock transfer taxes applicable
to the Registrable Securities registered by the Holders and fees and
disbursements of counsel for any Holder.

2. Piggyback Registration.

(a) Notice
of Registration. If at any time or from time to time the Company shall
determine to register any of its Common Stock or other securities convertible
or exchangeable into or exercisable for Common Stock under the Securities Act,
either for its own account or the account of a security holder or holders,
other than (i) a registration on Form S-8, (ii) a registration
relating solely to employee benefit plans, (iii) a registration pursuant
to any agreement between the Company and the holder of securities of the
Company entered into prior to the date of this Agreement that would not permit
Registrable Securities to be included in the registration or (iv) a
registration on Form S-4 or other form which does not permit Registrable
Securities to be included in the registration, the Company will give prompt
written notice to each Holder of Registrable Securities of its intention to
effect such a registration and subject to Section 2(c) below, will
include in such registration, and in any underwriting involved therein, on the
same terms and conditions as all other securities included in the registration,
all Registrable Securities with respect to which the Company has received
written requests for inclusion therein within ten (10) days after the
receipt of the Company’s notice. If a Holder

	 	 	 	 	 
	  	 	 	 	 
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decides not to include all of its
Registrable Securities in any registration statement thereafter filed by the
Company, such Holder will nevertheless continue to have the right to include
any Registrable Securities in any subsequent registration statement or
registration statements as may be filed by the Company with respect to
offerings of its securities, all upon the terms and conditions set forth herein.

(b) Underwriting. If the registration of which the
Company gives notice is for a registered public offering involving an
underwriting, the Company shall so advise the Holders of Registrable Securities
as a part of the written notice given pursuant to Section 2(a). In
such event, the right of any Holder to be included in a registration pursuant
to this Section 2 shall be conditioned upon such Holder’s
participation in the underwriting for such registration to the extent provided
herein. All Holders of Registrable Securities proposing to distribute their
securities through such underwriting shall (together with the Company and the
other holders distributing their securities through such underwriting) enter
into an underwriting agreement in customary form with the managing underwriter
or underwriters selected for such underwriting by the Company. Notwithstanding
the foregoing, with respect to the underwriting agreement or any other
documents reasonably required under such agreement, no Holder of Registrable
Securities shall be required to make any representation or warranty with
respect to or on behalf of the Company or any other stockholder of the Company.

(c) Priority on Piggyback Registrations.
Notwithstanding any other provision of this Agreement, if the managing
underwriter determines that marketing factors require limitation of the number
of shares to be underwritten, the managing underwriter may limit the
Registrable Securities to be included in such registration. The Company shall
so advise all Holders of Registrable Securities and other holders distributing
their securities through such underwriting and the number of shares of
securities that may be included in the registration and underwriting shall be
allocated, subject to the rights of any holders of registration rights granted
by the Company prior to the date of this Agreement, first to the Company
and to any holders distributing their securities through such underwriting of
Company securities pursuant to demand registration rights (to be allocated as
determined by the Company); and second to all Holders of Registrable
Securities and other holders distributing their securities through such
underwriting in proportion, as nearly as practicable, to the respective amounts
of securities requested to be included in such registration by such Holders or
other holders. To facilitate the allocation of shares in accordance with the
above provisions, the Company may round the number of shares allocated to any
Holder of Registrable Securities or other holder to the nearest 100 shares. If
any Holder disapproves of the terms of any such underwriting, such Holder may
elect to withdraw therefrom by written notice to the Company and the managing
underwriter, delivered at least ten (10) business days prior to the
contemplated effective date of the registration statement. Any Registrable
Securities excluded or withdrawn from such underwriting shall be withdrawn from
such registration.

(d) Right
to Terminate Registration. The Company shall have the right to terminate or
withdraw any registration initiated by it under this Section 2
prior to the effectiveness of such registration whether or not any Holder has
elected to include securities in such registration. The Registration Expenses
of such withdrawn registration shall be borne by the Company in accordance with
Section 3 hereof.

	 	 	 	 	 
	  	 	 	 	 
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3. Expenses of Registration.
All Registration Expenses (for the avoidance of doubt, excluding Selling
Expenses) for the Stockholders for the piggyback registrations described in
Section 2 shall be borne by the Company.

4. Registration Procedures. In
the case of each registration, qualification or compliance effected by the
Company pursuant to this Agreement, the Company will keep each Holder of
Registrable Securities advised in writing as to the initiation of each
registration and as to the completion thereof. At its expense, the Company
will, as expeditiously as reasonably possible:

(a) Prepare
and file with the Commission a registration statement with respect to such
Registrable Securities and use its commercially reasonable efforts to cause
such registration statement to become effective, and, upon the request of the
Holders of a majority of the Registrable Securities registered thereunder, keep
such registration statement effective for up to one hundred and twenty
(120) days or, if earlier, until the Holder or Holders have completed the
distribution related thereto.

(b) Furnish
to the Holders participating in such registration and to the underwriters of
the securities being registered such reasonable number of copies of the
registration statement, each amendment and supplement thereto, preliminary
prospectus, final prospectus and such other documents as such Holders may
reasonably request in order to facilitate the disposition of such Registrable
Securities owned by them.

(c) Prepare
and file with the Commission such amendments and supplements to such
registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by
such registration statement for the period set forth in paragraph
(a) above.

(d) Use its
commercially reasonable efforts to register and qualify the securities covered
by such registration statement under such other securities or “blue
sky” laws of such jurisdictions as shall be reasonably requested by the
Holders and do any and all other acts and things which may be reasonably
necessary or advisable to enable such Holder to consummate the disposition in
such jurisdictions of the securities owned by such Holder, provided that
the Company shall not be required in connection therewith or as a condition
thereto to qualify to do business or to file a general consent to service of
process in any such jurisdiction.

(e) In the
event of any underwritten public offering, enter into and perform its
obligations under such customary agreements (including an underwriting
agreement, in usual and customary form, with the managing underwriter of such
offering) and take all such other customary actions as the Holders of a
majority of the Registrable Securities being sold or the underwriters, if any,
reasonably request in order to expedite or facilitate the disposition of such
Registrable Securities. Subject to the limitations set forth in
Section 5, each Holder participating in such underwriting shall
also enter into and perform its obligations under such agreements (including an
underwriting agreement).

	 	 	 	 	 
	  	 	 	 	 
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(f) Notify
each Holder of Registrable Securities covered by such registration statement at
any time when a prospectus relating thereto is required to be delivered under
the Securities Act or the happening of any event as a result of which the
prospectus included in such registration statement, as then in effect, includes
an untrue statement of a material fact or omits to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances then existing, and, at the request
of any such Holder, the Company will prepare a supplement or amendment to such
prospectus so that, as thereafter delivered to the purchasers of such
securities, such prospectus will not include any untrue statement of a material
fact or omit to state any material fact necessary to make the statements
therein not misleading in light of the circumstances under which they were made.

(g) Advise
each Holder, promptly after it shall receive notice or obtain knowledge
thereof, of the issuance of any stop order by the Commission suspending the
effectiveness of any such registration statement or the initiation or
threatening of any proceeding for such purpose and promptly use its best
efforts to prevent the issuance of any stop order or to obtain its withdrawal
if such stop order should be issued.

(h) Furnish,
at the request of any Holder requesting registration of Registrable Securities
pursuant to Section 2, on the date or dates provided for in the
underwriting agreement if such securities are being sold through underwriters,
(i) an opinion, dated as of such date, of the counsel representing the
Company for the purposes of such registration, covering such matters as such
counsel, underwriters and the Holders may reasonably agree upon (including such
matters as are customarily given to underwriters in an underwritten public
offering), addressed to the underwriters, if any, and (ii) a letter or
letters dated as of such date, from the independent certified public
accountants of the Company, addressed to the underwriters, if any, covering
such matters as such accountants, underwriters and Holders may reasonably agree
upon.

(i) Cause all
such Registrable Securities registered pursuant hereunder to be listed on each
securities exchange on which similar securities issued by the Company are then
listed.

(j) Provide a
transfer agent and registrar for all Registrable Securities registered pursuant
hereunder and a CUSIP number for all such Registrable Securities, in each case
not later than the effective date of such registration.

(k) Make
generally available to its security holders an earnings statement of the
Company that satisfies the provisions of Section 11(a) of the
Securities Act covering a period of 12 months beginning after the
effective date of such registration statement no later than 45 days after
the termination of such 12-month period.

	 	 	 	 	 
	  	 	 	 	 
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5. Indemnification.

(a) Indemnification of Holders. To the extent
permitted by law, the Company will indemnify each Holder, each of its
equityholders, officers, directors, agents, employees, advisors and partners
and each person controlling such Holder within the meaning of Section 15 of the
Securities Act, with respect to which registration, qualification or compliance
has been effected pursuant to this Agreement, and any underwriter (as defined
in the Securities Act) of offerings effected pursuant to this Agreement, if
any, and each person who controls any underwriter within the meaning of
Section 15 of the Securities Act, as and when incurred, against all
expenses, claims, losses, damages or liabilities (or actions in respect
thereof), including, without limitation, any of the foregoing incurred in
settlement of any litigation, commenced or threatened (including
attorneys’ fees and expenses), arising out of or based on any untrue
statement or alleged untrue statement of a material fact contained in any
registration statement, prospectus, offering circular or other document, or any
amendment or supplement thereto, incident to any such registration,
qualification or compliance, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances in which they were
made, not misleading, or any violation by the Company of the Securities Act,
the Exchange Act, any state securities laws or any rule or regulation
promulgated under the Securities Act, the Exchange Act or any state securities
laws applicable to the Company in connection with any such registration,
qualification or compliance, and the Company will reimburse each such Holder of
Registrable Securities, each of its equityholders, officers, directors, agents,
employees, advisors and partners and each person controlling such Holder, any
underwriter of offerings effected pursuant to this Agreement, if any, and each
person who controls any such underwriter, for any legal and any other expenses
reasonably incurred in connection with investigating, preparing or defending
any such claim, loss, damage, liability or action, provided that the
Company will not be liable to any such person in any such case to the extent
that any such claim, loss, damage, liability or expense arises out of or is
based on any untrue statement or omission (or alleged untrue statement or
omission), made in reliance upon and in conformity with written information
furnished to the Company by an instrument duly executed by such Holder,
controlling person or underwriter and stated to be specifically for use therein
or the preparation thereof.

(b) Indemnification of the Company. To the extent
permitted by law, each Holder of Registrable Securities will, if Registrable
Securities held by such Holder are included in the securities as to which such
registration, qualification or compliance is being effected, severally but not
jointly, indemnify the Company, each of its directors, each of its officers,
each underwriter, if any, of the Company’s securities covered by such a
registration statement, each person who controls the Company or such
underwriter within the meaning of Section 15 of the Securities Act,
and each other Holder selling securities in such registration statement, each
of such Holder’s officers and directors and each person controlling such
Holder within the meaning of Section 15 of the Securities Act,
against all claims, losses, damages and liabilities (or actions in respect
thereof) arising out of any untrue statement (or alleged untrue statement) of a
material fact contained in any registration statement, prospectus, offering
circular or other document, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, and will reimburse the Company, such
Holders, and such directors, officers, persons, underwriters or control persons
for any legal or any other expenses reasonably incurred in connection with
investigating, preparing or defending any such claim, loss, damage, liability
or action, in each case to the extent, but only to the extent, that such untrue
statement (or alleged untrue statement) or omission (or alleged omission) is
made in such registration statement, prospectus, offering circular or other
document in reliance upon and in conformity with written information furnished to the Company by an instrument duly
executed by such Holder and stated to be specifically for

	 	 	 	 	 
	  	 	 	 	 
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 use therein or the
preparation thereof; provided, however, that the indemnity
agreement contained in this Section 5(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Holder (which consent shall
not be unreasonably withheld or delayed). Notwithstanding the foregoing, the
liability of each Holder under this Section 5(b) shall be in
proportion to and limited to an amount equal to the net proceeds received by
such Holder from the sale of Registrable Securities held by such Holder in such
registration.

(c) Indemnification Procedures. Each party entitled
to indemnification under this Section 5 (the “Indemnified
Party”) shall give written notice to the party required to provide
indemnification (the “Indemnifying Party”) promptly after
such Indemnified Party has actual knowledge of any claim as to which indemnity
may be sought, and shall permit the Indemnifying Party to assume the defense of
any such claim or any litigation resulting therefrom, provided that counsel for
the Indemnifying Party, who shall conduct the defense of such claim or
litigation, shall be approved by the Indemnified Party (whose approval shall
not unreasonably be withheld or delayed), and the Indemnified Party may
participate in such defense at such party’s expense, provided,
however, that the Indemnifying Party shall bear the expense of such
defense of the Indemnified Party if (i) the Indemnifying Party has
agreed in writing to pay such expenses, (ii) the Indemnifying Party
shall have failed to assume the defense of such claim or employ counsel
reasonably satisfactory to the Indemnified Party, or (iii) in the
reasonable judgment of the Indemnified Party, based upon the written advice of
such Indemnified Party’s counsel, representation of both parties by the
same counsel would be inappropriate due to actual or potential conflicts of
interest; provided, however, that in no event shall the
Indemnifying Party be liable for the fees and expenses of more than one counsel
(excluding one local counsel per jurisdiction as necessary) for all Indemnified
Parties in connection with any one action or separate but similar or related
actions in the same jurisdiction arising out of the same event, allegations or
circumstances. The failure of any Indemnified Party to give written notice as
provided herein shall not relieve the Indemnifying Party of its obligations
under this Section 5 except to the extent such failure to give such
notice is materially adversely prejudicial to an Indemnifying Party in the
defense of any such action. The Indemnified Party shall not make any settlement
without the prior written consent of the Indemnifying Party, which consent
shall not be unreasonably withheld or delayed. No Indemnifying Party, in the
defense of any such claim or litigation, shall, except with the consent of each
Indemnified Party, consent to entry of any judgment or enter into any
settlement (A) which does not include as an unconditional term thereof
the giving by the claimant or plaintiff to such Indemnified Party a release
from all liability in respect to such claim or litigation in form and substance
reasonably satisfactory to such Indemnified Party or (B) which includes
an admission of fault, culpability or a failure to act, by or on behalf of any
Indemnified Party.

(d) Contribution. If the indemnification provided
for in this Section 5 is held by a court of competent jurisdiction
to be unavailable to an Indemnified Party with respect to any loss, liability,
claim, damage or expense referred to herein, then the Indemnifying Party, in
lieu of indemnifying such Indemnified Party hereunder, shall contribute to the
amount paid or payable by such Indemnified Party as a result of such loss,
liability, claim, damage or expense in such proportion as is appropriate to
reflect the relative fault of the Indemnifying Party on the one hand and of the
Indemnified Party on the other in connection with the statements or omissions
that resulted in such loss, liability, claim, damage or expense, as well as any
other

	 	 	 	 	 
	  	 	 	 	 
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relevant equitable considerations; provided, however, the
liability of each Holder under this Section 5(d) shall be in
proportion to and limited to an amount equal to the net proceeds received by
such Holder from the sale of Registrable Securities held by such Holder in such
registration. The relative fault of the Indemnifying Party and of the
Indemnified Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Indemnifying Party or by the Indemnified Party and the
parties’ relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission. Notwithstanding
anything contained in this Section 5, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered in connection with the underwritten public offering are in
conflict with the provisions of this Section 5, the provisions of
the underwriting agreement shall control.

(e) Survival. The obligations of the Company and
Holders under this Section 5 shall survive the completion of any
offering of Registrable Securities in a registration statement under this
Agreement, and will remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Party or any officer,
director or controlling person of such indemnified party and will survive the
transfer of securities.

6. Information by Holder. The
Holders of Registrable Securities included in any registration shall furnish to
the Company such information regarding such Holders, the Registrable Securities
held by them and the distribution proposed by such Holders as the Company may
request in writing and as shall be reasonably required in connection with any
registration, qualification or compliance referred to in Section 2.

7. Rule 144 Reporting. At
the request of any holder of Registrable Securities who proposes to sell
securities in compliance with Rule 144 of the Securities Act, the Company
agrees to use its commercially reasonable efforts to forthwith furnish to such
holder a written statement of compliance with the filing requirements of the
Commission as set forth in Rule 144, as such rule may be amended from time
to time.

8. No Transfer of Registration
Rights. The rights to cause the Company to register securities
granted to a Holder under Section 2 may not be assigned or
transferred by such Holder without the prior written consent of the Company.
Any attempted assignment or transfer in breach of this Section 8
shall be null and void.

9. Standoff Agreement. Each
Holder hereby agrees that during the period of duration (not to exceed 180
days) specified by the Company and the managing underwriter of Common Stock of
the Company following the effective date of the registration statement of the
Company filed under the Securities Act, to the extent requested by the Company
or such underwriter, not to, directly or indirectly sell, offer to sell,
contract to sell (including, without limitation, any short sale), grant any
option to purchase, pledge or otherwise transfer or dispose of (other than to
donees who agree to be similarly bound) any Common Stock held by it at any time
during such period except Common Stock included in such registration.
Notwithstanding anything to the contrary contained in this
Section 9, if (i) during the last 17 days of the initial lock-up period described above, the
Company releases earnings results or announces material news or a material
event or (ii) prior to the expiration of the initial lock-up period, the
Company

	 	 	 	 	 
	  	 	 	 	 
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announces that it will release earnings results during the 15-day
period following the last day of the initial lock-up period, then in each case
the lock-up period described above will be automatically extended until the
expiration of the 18-day period beginning on the date of release of the
earnings results or the announcement of the material news or material event, as
applicable, unless the managing underwriters waive, in writing, such extension.
If requested by such underwriter, each Holder agrees to execute a lock-up
agreement in such form as the underwriter may reasonably propose. Any waiver of
Holders’ obligations pursuant to this Section 9 shall apply
to all Holders, on a pro rata basis according to the number of Registrable
Securities then outstanding held by each Holder.

10. Termination. Any
registration rights of the Holder granted pursuant to this Agreement shall
terminate (if not already terminated as provided herein) and the Company shall
have no obligations pursuant to this Agreement with respect to any Registrable
Securities upon the earliest to occur of the following: (A) such
Registrable Securities being sold pursuant to a registration statement or
Rule 144 under the Securities Act; or (B) the date on which, in the
opinion of counsel to the Company, all Registrable Securities held by such
Holder are eligible for resale by the Holder under Rule 144 without volume
or manner-of-sale restrictions.

11. Miscellaneous.

(a) Successors and Assigns. Except as otherwise
provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, assigns, heirs, executors and administrators of
the parties hereto.

(b) Entire
Agreement; Amendments; Waivers. This Agreement (including the schedules
hereto) constitutes the full and entire understanding and agreement of the
parties with regard to the subject matter hereof and supersedes all other
agreements of the parties relating to the subject matter hereof. No party shall
be liable or bound to any other party in any manner by any warranties,
representations or covenants regarding the subject matter hereof except as
specifically set forth herein. No amendment, supplement or waiver of this
Agreement shall be binding unless executed in writing by the party to be bound
thereby. No waiver of any provision of this Agreement shall constitute a waiver
of any other provision hereof, nor shall any such waiver constitute a
continuing waiver unless expressly so provided therein.

(c) Notices, etc. All notices and other
communications required or permitted hereunder shall be in writing and shall be
delivered in the manner and to the parties at the addresses set forth in the
Acquisition Agreement.

(d) Governing Law; Jurisdiction. This Agreement
shall be construed, governed and interpreted in accordance with the Laws of the
State of Delaware, without regard to conflicts of laws principles. Each party
irrevocably and unconditionally: (i) agrees that any dispute
arising out of this Agreement shall be brought exclusively in any Chancery
Court in the State of Delaware; (ii) consents to such jurisdiction;
(iii) waives any objection to such venue and (iv) waives trial by
jury in any Proceeding relating to this Agreement or the transactions
contemplated hereby.

	 	 	 	 	 
	  	 	 	 	 
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(e) Specific Performance. Each party hereto
recognizes and acknowledges that a breach by it of any covenants or agreements
contained in this Agreement will cause other parties to sustain damages for
which such parties would not have an adequate remedy at law for money damages,
and therefore each party hereto agrees that in the event of any such breach,
such other parties shall be entitled to the remedy of specific performance of
such covenants and agreements and injunctive and other equitable relief in
addition to any other remedy to which such parties may be entitled, at law or
in equity.

(f) Remedies Cumulative. All rights, powers, and
remedies provided under this Agreement or otherwise available in respect hereof
at law or in equity shall be cumulative and not alternative, and the exercise
of any right, power, or remedy thereof by any party shall not preclude the
simultaneous or later exercise of any other such right, power, or remedy by
such party.

(g) No
Waiver. The failure of any party hereto to exercise any right, power, or
remedy provided under this Agreement or otherwise available in respect hereof
at law or in equity, or to insist upon compliance by any other party hereto
with its obligations hereunder, and any custom or practice of the parties at
variance with the terms hereof, shall not constitute a waiver by such party of
its right to exercise any such or other right, power, or remedy or to demand
such compliance.

(h) Counterparts. This Agreement may be executed
and delivered in any number of counterparts, each of which when so executed and
delivered shall be deemed an original, but all such counterparts shall
constitute one and the same instrument, and all signatures need not appear on
any one counterpart.

(i) Acceptance of Signatures. The parties agree
that this Agreement will be considered signed when the signature of a party is
delivered by facsimile or electronic mail transmission. Such facsimile or
electronic mail signature shall be treated in all respects as having the same
effect as an original signature.

(j) Severability. If any portion of this Agreement
shall be held to be invalid, unenforceable, void or voidable, or violative of
applicable law, the remaining portions of this Agreement so far as they may
practicably be performed shall remain in full force and effect and binding on
the parties hereto.

(k) No
Strict Construction. This Agreement has been prepared through the joint
efforts of all of the parties. Neither the provisions of this Agreement nor any
alleged ambiguity shall be interpreted or resolved against any party on the
ground that such party’s counsel drafted this Agreement, or based on any
other rule of strict construction. Each of the parties hereto represents and
declares that such party has carefully read this Agreement, and that such party
knows the contents thereof and signs the same freely and voluntarily. The
parties hereby acknowledge that they have been represented by legal counsel of
their own choosing in negotiations for and preparation of this Agreement and
that each of them has read the same and had their contents fully explained by
such counsel and is fully aware of their contents and legal effect.

	 	 	 	 	 
	  	 	 	 	 
	 	 	10 	 	 

 

10

 

(l) Titles
and Subtitles. Section headings in this Agreement are included herein for
convenience of reference only and shall not constitute a part of this Agreement
for any other purposes. Unless otherwise specifically stated, all references
herein to “sections,” and “exhibits” will mean
“sections” of and “exhibits” to this Agreement.

[SIGNATURE PAGES FOLLOW]

 

	 	 	 	 	 
	  	 	 	 	 
	 	 	11 	 	 

 

11

 

IN WITNESS
WHEREOF, the parties hereto have executed this Piggyback Registration
Rights Agreement as of the date and year first written above.

THE
COMPANY:

INTEGRA
LIFESCIENCES HOLDINGS CORPORATION

By:
/s/ Gerard S. Carlozzi                          

Name: Gerard S. Carlozzi

Its:   Chief Operating Officer

SHAREHOLDERS:

/s/ Steven M.
LeVahn                                  

Steven M. LeVahn

THE BRUCE A.
LEVAHN 2008 TRUST

By: /s/ George
Heenan
             

Name:
George Heenan

Title: Trustee

By: /s/ Thomas Gilliam
             
Name: Thomas
Gilliam 

Title: Trustee

By: /s/ Michael
Evers                     

Name:
Michael Evers

Title: Trustee

 

PIGGYBACK REGISTRATION RIGHTS
AGREEMENT – SIGNATURE PAGE

 

12

 

Schedule 1

	 	 	 	 	 	 	 	 	 
	 	 	Number of Shares of	 	 
	 	 	Common Stock excluding	 	 
	Name of
Shareholder	 	Escrow Shares	 	Number of Escrow Shares
	
Steven M. LeVahn

	 	 	176,992	 	 	 	21,086	 
	
The Bruce A. LeVahn
2008 Trust

	 	 	100,008	 	 	 	11,914	 

	 	 	 	 	 
	  	 	 	 	 
	 	 	Schedule 1 	 	 

 

13Filed by Bowne Pure Compliance

Exhibit 10.20

SUBSCRIPTION AGREEMENT

SHARES OF COMMON STOCK

THIS OFFERING IS MADE PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER SECTION 4(2) OF THE SECURITIES ACT OF 1933, AS AMENDED.

	 	 	 
	Special Committee of the Board of Directors

	 	Dated as of
	Kona Grill, Inc.

	 	December 22, 2008 
	7150 E. Camelback Road, Suite 220 
	 	 
	Scottsdale, Arizona 85251 
	 	 

SUBSCRIPTION AGREEMENT

1. Subscription. Subject to the terms and conditions set forth in this Agreement, the
undersigned hereby subscribes for and agrees to purchase at the Closing that number of shares of
Common Stock, par value $0.01 per share (the “Shares”) of Kona Grill, Inc., a Delaware
corporation (the “Company”), at the price per share determined by dividing One Million and
00/100 Dollars ($1,000,000.00) by the average closing price per share of the Company’s Common Stock
as quoted on the NASDAQ Global Market for the five trading days prior to the date of this
Agreement. The subscription price shall be payable by check to “Kona Grill, Inc.” The
“Closing” means the closing of the purchase and sale of the Shares pursuant to this
Agreement, and the “Closing Date” shall mean the date and time of the Closing and shall be
on such date and time as is mutually agreed to by the Company and the undersigned, provided that
all conditions precedent contained in Section 2 shall have been either satisfied or waived. The
date and time of the Closing shall be 11:00 a.m., Arizona time, on the Closing Date. The Closing
shall take place at the Phoenix office of Greenberg Traurig, LLP, at 2375 E. Camelback Road, Suite
700, Phoenix, Arizona 85016.

2. Conditions Precedent. The obligations of the undersigned under this Agreement are,
at the option of the undersigned, subject to the satisfaction of the following conditions on or
before the Closing Date:

(a) Valid Issuance; Due Organization. The Shares will, when issued, be validly
issued, fully paid, and non-assessable and that the Company is duly organized, validly
existing, and in good standing under the laws of the state of Delaware.

(b) Debt Financing. The Company shall have received commitments from a third
party lender of at least $3.0 million of new debt financing in the form of a line of credit,
equipment financing, term loan, or other form of debt on or before the Closing Date.

(c) Accuracy of Representations and Warranties. The representations and
warranties of the Company herein contained shall have been true and correct in all material
respects when made, and in addition, shall be true and correct in all material respects on
and as of the Closing Date with the same force and effect as though made on and as of the
Closing Date, except as affected by transactions contemplated hereby.

3. Representations, Warranties, Covenants, and Acknowledgements. By executing this
subscription agreement, the undersigned hereby represents, warrants, covenants, and acknowledges to
the Company as follows:

(a) The undersigned has been provided access to the Company’s Annual Report on Form 10-K for
the year ended December 31, 2007 filed with the Securities and Exchange Commission (“SEC”)
and all subsequent reports and proxy statements filed by the Company thereafter pursuant to Section
13(a) or 14(a) of the Securities Exchange Act of 1934 (“SEC Reports”) through the SEC’s
EDGAR system. In addition, the undersigned has obtained such information regarding the Company as
the undersigned has reasonably requested, and, particularly, the undersigned has been given
reasonable opportunity to ask questions of, and receive answers from, representatives of the
Company concerning the terms and conditions of the purchase of the Shares and to obtain any additional information concerning the Company’s business to the extent reasonably available so
as to understand more fully the nature of the investment and to verify the accuracy of the
information supplied.

 

 

 

(b) In determining to purchase Shares, the undersigned has relied solely upon the advice of
the undersigned’s legal counsel and accountants or other financial advisors with respect to the
financial, tax, and other considerations relating to the purchase of Shares.

(c) The undersigned was not offered nor sold Shares directly or indirectly, by means of any
form of general advertising or general solicitation, including, but not limited to (i) any
advertisement, article, notice, or other communication published in a newspaper, magazine, or
similar medium of communication or broadcast over television or radio; or (ii) to the knowledge of
the undersigned, any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising.

(d) The undersigned (i) can bear the economic risk of the investment in the Shares, including
the total loss of the undersigned’s investment; and (ii) has such knowledge and experience in
business and financial matters as to be capable of evaluating the merits and risks of an investment
in the Shares.

(e) The undersigned understands that no U.S. federal or state agency or any other government
or governmental agency has passed on or made any recommendation or endorsement of the Shares or the
fairness or suitability of the investment in the Shares nor have such authorities passed upon or
endorsed the merits of the offering of the Shares.

(f) The undersigned acknowledges and understands that the Shares are a speculative investment
that involve a high degree of risk and there can be no guarantee of the amount of or type of
profit, if any, to be realized as a result of an investment in the Shares.

(g) The undersigned is presently a bona fide resident of the state listed below and has no
present intention of becoming a resident of any other state or jurisdiction, and the address and
Social Security or Federal I.D. number set forth below are the undersigned’s true and correct
residential address and Social Security or Federal I.D. number.

(h) The undersigned (i) if an individual, is at least 21 years of age; (ii) if an individual,
is a United States citizen; (iii) if an individual, has adequate means of providing for the
undersigned’s current needs and personal contingencies; (iii) has no need for liquidity in the
undersigned’s investments; and (iv) represents and warrants that all investments in and commitments
to non-liquid investments are, and after the undersigned’s investment in the Shares will be,
reasonable in relation to the undersigned’s net worth and current needs.

(i) The undersigned acknowledges that the Company is relying on exemptions from the
registration requirements of the Securities Act and afforded by applicable state statutes and
regulations.

(j) The undersigned understands that the Shares will not be registered under the Securities
Act or the securities laws of any state and are subject to restrictions on transfer.

(k) The undersigned is acquiring the Shares in the ordinary course of business for its own
account and not with a view towards, or for resale in connection with, the public sale or
distribution thereof, except pursuant to sales registered under the Securities Act or under an
exemption from such registration and in compliance with applicable federal and state securities
laws, and the undersigned does not have a present arrangement to effect any distribution of the
Shares to or through any person or entity.

(l) The undersigned agrees that the undersigned will not sell or otherwise transfer or dispose
of the Shares or any portion thereof unless such Shares are registered under the Securities Act and
any applicable state securities laws or the undersigned obtains an opinion of counsel that is
satisfactory to the Company that such Shares may be sold in reliance on an exemption from such
registration requirements.

 

2

 

(m) The undersigned understands that the Company has no obligation or intention to register
the Shares for resale or transfer under the Securities Act or any state securities laws, and there
is no assurance that the Company will be able to make available such information or other
information that would make available any exemption from the registration requirements of any such
laws.

(n) The undersigned understands that no federal or state agency, including the Securities and
Exchange Commission or the securities commission or authorities of any other state, has approved or
disapproved the Shares or made any finding or determination as to the fairness of the Shares for
investment.

(o) The undersigned is not subject to back-up withholding provisions of Section 3406(a)(1) of
the Internal Revenue Code.

(p) If subject to the Employee Retirement Income Security Act (“ERISA”), the undersigned is
aware of and has taken into consideration the diversification requirements of Section 404(a)(3) of
ERISA in determining to purchase the Shares and the undersigned has concluded that the purchase of
the Shares is prudent.

(q) If the undersigned is acquiring the Shares in a fiduciary capacity, (i) the above
representations, warranties, agreements, acknowledgments, and understandings shall be deemed to
have been made on behalf of the person or persons for whose benefit such Shares are being acquired,
(ii) the name of such person or persons is indicated below under the subscriber’s name, and (iii)
such further information as the Company deems appropriate shall be furnished regarding such person
or persons.

(r) Neither the Company nor any person representing or acting on behalf of the Company, or
purportedly representing or acting on behalf of the Company, has made any representations,
warranties, agreements, or statements other than those referenced herein that influenced or
affected the undersigned’s decision to purchase the Shares.

(s) The foregoing representations and warranties are true and accurate as of the date hereof
and shall survive the delivery of payment. The undersigned understands that the Company is relying
upon the truth and accuracy of the representations, warranties, agreements, acknowledgements, and
understandings set forth herein in order to determine the suitability of the undersigned to acquire
Shares. The undersigned agrees promptly to notify the Company of any changes to any of the
foregoing.

4. Representations and Warranties of the Company. By executing this subscription
agreement, the Company hereby represents and warrants to the undersigned as follows:

(a) The Company’s SEC Reports do not contain a misstatement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not
misleading as of the filing date of the relevant report. Since the filing of the SEC Reports, no
other report, proxy statement, or other document has been required to be filed by the Company
pursuant to Section 13(a) or 14(a) of the Exchange Act that has not been filed.

5. General Information.

(a) The undersigned is:

	 	 	 	 	 
	 

	 	(X )
	 	An individual*
	 
	 	 	 	 
	 

	 	(  )
	 	A corporation
	 
	 	 	 	 
	 

	 	(  )
	 	A partnership
	 
	 	 	 	 
	 

	 	(  )
	 	A trust
	 
	 	 	 	 
	 

	 	(  )
	 	Other                     

 

3

 

*If held as joint tenants with right of survivorship, community property, or tenants in
common, signatures of all parties are required. Each Co-Holder (other than a spouse) must complete
and sign a separate subscription agreement.

	 	(c)	 	PLEASE PRINT NAME(S) IN WHICH YOUR SHARES ARE TO BE REGISTERED

James R. Jundt

 

 

Social Security or Employer Identification Number of each Holder:

 

 

Country of Principal Residence:
                          
              
               
                    

Business Address

 

(No P.O. Boxes please)

City                                         State                     Zip Code                     Country                                        

The purpose of the following information is to assure the Company that it may rely on the exemption
from the registration requirements of the Securities Act and of any applicable state statutes or
regulations.

Please answer every question. If the answer to any question is “None” or “Not
Applicable” please so state. Your answers will at all times be kept strictly confidential.
However, by signing this subscription agreement, you agree that the Company may present such
information to such parties as it deems appropriate if called upon to verify the information
provided or to establish the availability of an exemption from registration under the Securities
Act or any state securities statutes or regulations, or if the contents are relevant to any issue
in any action, suit, or proceeding to which the Company or any agent of the Company involved in
offering the Shares is a party or by which it is or may be bound. Your investment in the Shares
will not be accepted until the Company determines that you satisfy all of the suitability
standards.

6. Representations as to Accredited Investor Status. The undersigned has read the
definition of “Accredited Investor” from Rule 501 of Regulation D attached hereto as Exhibit
A, and certifies that either (check one):

(a)     o     The undersigned is an “Accredited Investor” for one or more of the following
reasons:

	 	þ	 	(i) The undersigned is an individual (not a partnership,
corporation, etc.) whose individual net worth, or joint net worth with
his or her spouse, presently exceeds $1,000,000;

	 
	 	o	 	(ii) The undersigned is an individual (not a partnership,
corporation, etc.) who had an income in excess of $200,000 in each of
the two most recent years, or joint income with their spouse in excess
of $300,000 in each of those years (in each case including foreign
income, tax exempt income and full amount of capital gains and losses
but excluding any income of other family members and any unrealized
capital appreciation) and has a reasonable expectation of reaching the
same income level in the current year;

 

4

 

	 	o	 	(iii) The undersigned is a director or executive officer of the
Company which is issuing and selling the Shares;

	 
	 	o	 	(iv) The undersigned is a corporation, partnership, Massachusetts
business trust, or non-profit organization within the meaning of
Section 501(c)(3) of the Internal Revenue Code, in each case not formed
for the specific purpose of acquiring the Shares and with total assets
in excess of $5,000,000;

 

 

	 
	 	o	 	(v) The undersigned is a trust with total assets in excess of
$5,000,000, not formed for the specific purpose of acquiring the
Shares, where the purchase is directed by a “sophisticated person” as
defined in Regulation 506(b)(2)(ii);

	 
	 	o	 	(vi) The undersigned is an entity all the equity owners of which are
“accredited investors” within one or more of the above categories.
If relying upon this Category alone, each equity owner must
complete a separate copy of this Questionnaire;

 

 

(describe entity)

(b) o The undersigned is not an “Accredited Investor,” but has completed a
separate statement concerning the undersigned’s knowledge and experience in financial and business
matters. Kindly provide sufficient detail so that the Company’s legal counsel may conclude that
the undersigned is capable of evaluating the merits and risks of investment in the Company.

If the answer to Question 6 is that the undersigned is an “Accredited Investor,” the
questionnaire is complete and please simply sign below. Any potential investor that is not an
“Accredited Investor” also must complete a supplemental questionnaire from the Company to assure
compliance with state and federal securities laws.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

5

 

IN WITNESS WHEREOF, intending to irrevocably bind the undersigned and the personal
representatives, successors, and assigns of the undersigned and to be bound by this subscription
agreement, the undersigned is executing this Agreement on the date indicated.

Dated this 22nd day of December, 2008.

	 	 	 
	James R. Jundt

	 	/s/ James R. Jundt
	 

	 	 
	PRINT Name of Individual who, or
other entity which, is subscribing.

	 	Signature
	 
	 	 
	 

	 	 
	PRINTED Name of Co-Holder if the
Shares are to be held as joint
tenants with right of survivorship,
community property, or tenants in
common.

	 	Signature of Co-Holder

Accepted on December 22, 2008

KONA GRILL, INC.

a Delaware corporation

	 	 	 	 	 
	By: 

Name:

	 	/s/ Marcus E. Jundt
 

Marcus E. Jundt
	 	 
	 

	 	 	 	 
	Title:

	 	CEO and President	 	 
	 

	 	 	 	 

 

6

 

EXHIBIT A

DEFINITION OF “ACCREDITED INVESTOR”

FROM RULE 501 OF REGULATION D

“Accredited investor” shall mean any person who comes within any of the following categories,
or who the issuer reasonably believes comes within any of the following categories, at the time of
the sale of the securities to that person:

1. Any bank as defined in section 3(a)(2) of the Act or any savings and loan association or
other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual or
fiduciary capacity; any broker dealer registered pursuant to Section 15 of the Securities Exchange
Act of 1934; insurance company as defined in Section 2(13) of the Act; investment company
registered under the Investment Company Act of 1940 or a business development company as defined in
Section 2(a)(48) of that Act; Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; employee
benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974,
if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act,
which is either a bank, savings and loan association, insurance company, or registered investment
adviser, or if the employee benefit plan has total assets in excess of $5,000,000; or, if a
self-directed plan, with investment decisions made solely by persons that are accredited investors;

2. Any private business development company as defined in Section 202(a)(22) of the Investment
Advisers Act of 1940;

3. Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation,
Massachusetts or similar business trust, or partnership, not formed for the specific purpose of
acquiring the securities offered, with total assets in excess of $5,000,000;

4. Any director, executive officer, or general partner of the issuer of the securities being
offered or sold, or any director, executive officer, or general partner of a general partner of
that issuer;

5. Any natural person whose individual net worth, or joint net worth with that person’s
spouse, at the time of his purchase exceeds $1,000,000;

6. Any natural person who had an individual income in excess of $200,000 in each of the two
most recent years or joint income with that person’s spouse in excess of $300,000 in each of those
years and has a reasonable expectation of reaching the same income level in the current year;

7. Any trust with total assets in excess of $5,000,000, not formed for the specific purpose of
acquiring the securities offered, whose purchase is directed by a sophisticated person as described
in Rule 506(b)(2)(ii); and

8. Any entity in which all of the equity owners are accredited investors.

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