Document:

EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT AGREEMENT (“Agreement”) is
made effective as of July 25, 2007 (the “Effective Date”), by and between XLNT
Veterinary Care, Inc. (“Company”) and Robert Wallace (“Executive”). 

RECITALS

          A.
Executive has been employed by the Company as its Chief Executive Officer, but
his employment relationship has not been the subject of a formal employment
agreement. 

          B.
Company and Executive desire to enter into the Agreement as of the date hereof,
which shall supersede any and all prior agreements, arrangements or
understandings relating to Executive’s employment. 

          C.
Company has agreed to merge with Echo Healthcare Acquisition Corp. (“Echo”)
pursuant to an Amended and Restated Agreement and Plan of Merger by and among
Echo, Pet DRx Acquisition Company and the Company dated as of February 16, 2007
(the “Merger Agreement”). 

          D.
Following the closing of the merger contemplated in the Merger Agreement, it is
contemplated that Executive will continue to remain employed subject to the
terms and conditions set forth herein. 

          The
parties hereby agree as follows: 

          1.
Position and Duties. Executive shall serve as Chief Executive Officer of
the Company. Executive’s duties and responsibilities be limited to strategic
vision, investor relations and business development and such other duties as
may be determined in consultation with the Company’s Board of Directors (“Board
of Directors”). The parties expressly acknowledge and agree that Executive
shall not be deemed the “principal executive officer” of Company for purposes
of signing the certifications and related materials contemplated by Rule 13a-14
of the General Rules and Regulations Under the Securities Exchange Act of 1934,
as amended. Executive shall perform faithfully, cooperatively and diligently
all of his job duties and responsibilities. Executive agrees to and shall
devote his full business time, attention and effort to the business of the
Company, its subsidiaries and affiliates, provided that Executive shall be
permitted to (i) engage in political activities, (ii) serve on the board of
directors of other companies and (iii) engage in activities for non-profit
institutions, to the extent that the activities described in the foregoing
clauses (i), (ii) and (iii) do not interfere or conflict with Executive’s
obligations hereunder, and provided that all such activities, and Executive’s
expected time commitments in respect thereof, are disclosed to the Board of
Directors. 

          2.
Employment Term and Termination. The term of Executive’s employment
under this Agreement shall commence as of the Effective Date and shall continue
until the third anniversary thereof (the “Initial Term”). Thereafter, the term
of Executive’s employment shall continue for additional one-year periods unless
terminated by either Executive or the Company upon no less than 30 days prior
written notice prior to the end of the Initial Term or any such

additional
one-year period. The entire term of Executive’s employment hereunder is
referred to as the “Employment Term.” Subject to the terms of this Agreement,
including, without limitation, Section 8 and Section 11 hereof, either party
may terminate this Agreement at any time prior to the expiration of the Employment
Term, for any reason, with or without “Cause” or “Good Reason.” This Agreement
will automatically terminate upon Executive’s death. Upon termination of this
Agreement, Executive shall be entitled only to the Accrued Obligations, except
as otherwise provided in Section 8. 

          3.
Compensation. 

                    3.1.
Base Salary. As compensation for Executive’s performance of his duties
hereunder, Company shall pay to Executive an initial base salary of Twenty-Five
Thousand Dollars ($25,000) per month, starting on the date hereof, which if
annualized, would represent Three Hundred Thousand Dollars ($300,000) (“Annual
Base Salary”), payable in accordance with the normal payroll practices of
Company, less required deductions for state and federal withholding tax, social
security and all other employment taxes and payroll deductions. In January 2008
and in January each year thereafter, the Board of Directors shall review
Executive’s Annual Base Salary and consider an increase thereto. In addition,
the Board of Directors may decrease Executive’s Annual Base Salary in the event
that the Board of Directors determines that financial exigencies require such
decrease, provided that the compensation of all executives of the Company is
also reduced at the same time in a substantially commensurate manner. Any
increase or decrease in Executive’s Annual Base Salary (together with the then
existing Annual Base Salary) shall serve as the “Annual Base Salary” for future
employment under this Agreement. 

                    3.2.
Annual Bonus. In addition to the Annual Base Salary, Executive shall be
eligible to receive an annual cash bonus in an amount equal to at least fifty
percent (50%) of Executive’s then Annual Base Salary based upon the
satisfaction of certain objective criteria and performance standards
established by the Board of Directors (or the Compensation Committee, as
applicable). 

                    3.3.
Stock Options. Pursuant to a separate written option agreement,
Executive shall be granted an option under the Company’s option plan to
purchase that number of shares Company common stock equal to one-half percent
(0.5%) of the issued and outstanding shares of Company common stock, calculated
immediately after the closing of the merger comtemplated by the Merger
Agreement. The exercise price of such option shall be the Parent Common Stock
Per Share Issue Price (as defined in the Merger Agreement), unless such price
shall give rise to liability under Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”), in which case the exercise price shall be equal
to the fair market value of the Company’s common stock on the date of grant.
Such option shall vest in equal monthly installments over a period of
forty-eight (48) months after the date of grant with such vesting accelerated
in full if Executive is terminated without Cause or resigns for Good Reason. In
addition, Executive shall be eligible to receive stock options, restricted
stock or other equity incentive grants pursuant to one or more equity incentive
plans offered by the Company from time to time, subject to the approval of the
Board of Directors. Any and all stock options previously granted to Executive
by Company will continue to vest throughout the Employment Term. 

          4.
Health and Welfare Benefit Plans. The Executive and/or the Executive’s
family, as the case may be, shall be eligible for participation in and shall
receive all benefits under health and welfare benefit plans, practices,
policies and programs provided by the Company (including, without limitation,
health, medical prescription, dental, disability, salary continuance, employee
life, group life, accidental death and travel accident insurance plans and
programs) to the extent generally applicable to employees of the Company. 

          5.
Additional Benefits. Executive shall be entitled to all customary and
usual fringe benefits provided to all other Company executives and shall be
entitled to participate in all savings and retirement plans, practices,
policies and programs generally applicable to employees of the Company that are
in effect during the Employment Term, subject to the terms and conditions of
Company’s benefit plan documents, as applicable. Company reserves the right to
change or eliminate the fringe benefits or plans, practices and programs on a
company-wide, prospective basis, at any time. 

          6.
Business Expenses. Executive shall be entitled to receive prompt
reimbursement for all reasonable, out-of-pocket business expenses incurred in
the performance of his duties on behalf of Company. To obtain reimbursement,
expenses must be submitted promptly with appropriate supporting documentation
in accordance with Company’s policies. 

          7.
Vacation. Executive shall be entitled to an aggregate of 20 business
days of paid vacation, personal and sick days each calendar year, in accordance
with the Company’s plans, policies and programs then in effect. 

          8.
Severance Package Upon Termination of Employment Other Than for Cause. If (i)
the Company terminates Executive’s employment without Cause (other than due to
Disability), or (ii) Executive resigns as an employee of the Company for Good
Reason, the Company agrees to provide Executive with the Severance Package
described in Section 8.1 below in accordance with the payment schedule set
forth in Section 8.2 below.  

                    8.1.
Description of Severance Package. The “Severance Package” will consist
of: 

	
 

	
 

	
 

	
          (a)
 all Accrued Obligations (defined below); 

	
 

	
 

	
 

	
          (b)
 a “Severance Payment” equal to twelve (12) months of Executive’s then in
 effect Base Salary; and 

	
 

	
 

	
 

	
          (c)
 Upon termination of employment, Executive and Executive’s spouse and eligible
 dependents will be allowed to continue in Company’s group health insurance
 plan at Executive’s own expense for the period required and in accordance
 with Code Section 4980B (“COBRA”). However, if Executive elects COBRA
 coverage, Company will either (i) pay the first twelve (12) months of COBRA
 coverage, if Company’s health plan is a fully-insured health plan; or (ii)
 pay Executive an amount before tax withholding equal to each payment of
 premiums paid by Executive for the first twelve (12) months of COBRA
 coverage, if Company’s health plan is a self-funded health plan. 

	
 

	
 

	
 

	
8.2. Payments.
 

	
 

	
 

	
 

	
          (a)
 The Severance Package will be paid less required deductions for state and
 federal withholding tax, social security and all other employment taxes as
 required by law. The Severance Payment described in Section 8.1(b) and the
 Accrued Obligations defined in Section 10.1 will be paid in a single lump sum
 payment on the date that is thirty (30) days after the Date of Termination
 (as defined in Section 12 below), unless otherwise required by law. 

	
 

	
 

	
 

	
          (b)
 Executive shall designate a beneficiary to receive any payments due him under
 this Section 8 in the event of his death by filing a written designation with
 the Company. However, any such designation will only be effective if signed
 by Executive and received by the Company during Executive’s lifetime.
 Executive’s beneficiary designation shall be deemed automatically revoked if
 the beneficiary predeceases Executive or if Executive names a spouse as a
 beneficiary and the marriage is subsequently dissolved before Executive dies.
 If Executive dies without a valid beneficiary designation, all payments shall
 be made to Executive’s estate. 

	
 

	
 

	
 

	
          (c)
 If a payment under this Agreement is payable to a minor, to a person declared
 incompetent, or to a person incapable of handling the disposition of his or
 her property, the Company may pay such benefit to the guardian, legal
 representative or person having the care or custody of such minor,
 incompetent person or incapable person. The Company may require proof of
 incompetence, minority or guardianship as it may deem appropriate prior to
 distribution of the benefit. Such distribution shall completely discharge the
 Company from all liability with respect to such benefit. 

	
 

	
 

	
 

	
          (d)
 As a condition of any obligation to provide any payments or benefits
 hereunder in connection with Executive’s termination of employment, Executive
 must execute (and not timely revoke) a mutual release in a form acceptable to
 the Company and Executive; provided, however, that the Company will not be
 required to release Executive from any claims (i) for which indemnification
 of any expense related thereto would not be provided under the Company’s
 Articles of Incorporation and Bylaws or that certain indemnification
 agreement previously entered into between Executive and Company (the
 “Employer Claims”) and (ii) any claim based on the fraud or intentional
 misconduct of Executive of any act that is determined to be a criminal act
 under any federal, state, or local law committed or perpetrated by Executive
 at any time prior to and through the date of termination. 

          9. Section
409A of the U.S. Internal Revenue Code. If Executive is a “specified
employee” within the meaning of Code Section 409A at the date of his
termination of employment, then such portion of the payments that would result
in a tax under Code Section 409A if paid during the first six (6) months after
termination of employment shall be withheld, starting with the payments latest
in time during such six (6)-month period, and paid to Executive during the
seventh month following the date of his termination of employment. 

          10. Definitions.

                    10.1.
Accrued Obligations. For purposes of this Agreement, “Accrued
Obligations” shall mean: (i) payment of Executive’s Annual Base Salary through
the Date of Termination to the extent not theretofore paid; and (ii) payment of
any accrued vacation pay not yet paid by Company. 

                    10.2.
Cause. For purposes of this Agreement, “Cause” shall mean: (i) any willful,
material violation of any law or regulation applicable to the business of the
Company or any subsidiary of the Company; (ii) conviction for, or guilty plea
to, a felony or a crime involving moral turpitude, or any willful perpetration
of a common law fraud; (iii) commission of an act of personal dishonesty which
involves personal profit in connection with the Company or any subsidiary of
the Company or in connection with a business relationship of the Company or any
subsidiary of the Company with any other entity; (iv) disregard of the policies
of the Company or any subsidiary of the Company, so as to cause material loss,
damage or injury to the property, reputation or employees of the Company or any
subsidiary of the Company if Executive has been given a reasonable opportunity
to comply with such policy or cure his failure to comply; (v) continued failure
by Executive to perform his duties hereunder if Executive has been given a
reasonable opportunity to cure his failure; or (vi) material breach by Executive
of his duties hereunder, including non-disparagement, or his duties of
confidentiality set forth in a written agreement with the Company. 

                    10.3.
Disability or Disabled. For purposes of this Agreement, “Disability” or
“Disabled” shall mean the inability of Executive due to illness or injury to
perform each of his material duties under this Agreement for the duration of
the short-term disability period under Company’s policy then in effect covering
Executive, or in the absence of such policy, for a ninety (90) consecutive day
period or one hundred and eighty (180) days (whether or not consecutive) in any
three hundred and sixty-five (365) day period, as certified by a physician
chosen by Company. 

                    10.4.
Good Reason. For purposes of this Agreement, “Good Reason” shall mean: 

	
 

	
 

	
 

	
          (a)
 A substantial diminution in Executive’s position, authority, duties or
 responsibilities as Chief Executive Officer as specifically enumerated in
 Section 1 of this Agreement, excluding (i) non-substantial changes in title
 or office, (ii) any isolated, insubstantial and inadvertent action not taken
 in bad faith and which is remedied by Company promptly after receipt of
 written notice thereof given by Executive and (iii) a diminution in
 Executive’s duties or responsibilities resulting from the employment of any
 other officer, so long as Executive retains the duties specified in Section 1
 of this Agreement; 

	
 

	
 

	
 

	
          (b)
 Any failure by Company to comply with any of the provisions of Section 3 of
 this Agreement, other than an isolated, insubstantial or inadvertent failure
 not occurring in bad faith and which is remedied by Company promptly after
 receipt of written notice thereof given by Executive; 

	
 

	
 

	
 

	
          (c)
 Any reduction in Executive’s Base Salary except in accordance with Section
 3.1; or 

	
 

	
 

	
 

	
          (d)
 The Company requiring Executive to be based or spend a material amount of
 time at any office or location that is more than twenty-five (25) miles away
 from the location where Executive was employed immediately prior to the date
 of this Agreement except for business trips required to perform his duties
 (which the parties acknowledge will be frequent). 

          11.
Notice of Termination. Any termination of this Agreement by the Company
or Executive shall be communicated to the other party in a “Notice of
Termination” given in accordance with Section 16.6. Any Notice of Termination
related to a termination by Company for Cause or by Executive for Good Reason
shall: (i) indicate the specific termination provision in this Agreement relied
upon; (ii) to the extent applicable, set forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of Executive’s
employment under the provision so indicated; and (iii) if the Date of
Termination is other than the date of receipt of such notice, specify the
termination date (which date shall be not more than fifteen (15) days after the
giving of such notice). The failure by Executive or Company to set forth in the
Notice of Termination any fact or circumstance which contributes to a showing
of Good Reason or Cause, as the case may be, shall not waive any right of
Executive or Company hereunder or preclude Executive or Company from asserting
such fact or circumstance in enforcing Executive’s or Company’s rights
hereunder. Any termination by Company without Cause or by Executive without
Good Reason must be preceded by thirty (30) days’ advance written notice in
accordance with the terms of Sections 11 and 16.6 of this Agreement. If the
Company terminates this Agreement with Cause or the Executive resigns without
Good Reason, then the Company shall pay executive all Accrued Obligations in
one lump sump within thirty (30) days after the Date of Termination. 

          12.
Date of Termination. “Date of Termination” means the date of expiration
of the Employment Term, Executive’s death, Disability or the date of delivery
of the Notice of Termination or any later date specified therein, as the case
may be; provided, however, that if Executive’s employment is terminated by
Company other than for Cause or Executive resigns without Good Reason, the Date
of Termination shall be at least thirty (30) days after the date of the
applicable Notice of Termination. 

          13.
Certain Payments. If, in the opinion of tax counsel selected by the
Company and reasonably acceptable to Executive, Executive has received
compensation hereunder which constitutes an “excess parachute payment,” as
defined in Section 280G of the Internal Revenue Code, the Company will pay
Executive an additional amount (the “Additional Amount”) equal to the sum of:
(A) all taxes payable by Executive under Section 4999 of the Internal Revenue
Code applicable to such “excess parachute payment” and the Additional Amount;
and (B) all Federal, state and local income and employment taxes payable by
Executive with respect to the Additional Amount. In the event that the amount
of taxes payable by Executive under Section 4999 of the Internal Revenue Code applicable
to any compensation paid pursuant to this Agreement is subsequently determined
to be in excess of the amount taken into account hereunder (including by reason
of any payment the existence or amount of which cannot be determined at the
time of the payment of any Additional Amounts), the Company shall make

additional
payments of Additional Amounts to Executive in respect of such excess (plus any
interest, penalties or additions payable by Executive with respect to such
excess taxes) at the time such excess is finally determined. The portion of the
Additional Amounts attributable to taxes paid by the Executive will be paid to
the Executive within thirty (30) days after the date he remits the related
taxes to the applicable taxing authorities. 

          14.
Nondisparagement; Confidentiality. Executive agrees not to disparage,
defame or make any negative or critical public statements, whether verbally or
in writing, regarding the personal or business reputation, technology,
products, practices or conduct of Company or any of Company’s officers or
directors. In addition, except as required by law, Executive shall not make any
public statements regarding Company without the prior written approval of the
Board of Directors. Additionally, the Company agrees not to disparage, defame
or make any negative or critical public statements, whether verbally or in
writing, regarding the personal or business reputation of Executive. In
addition, Executive agrees to sign the Company’s standard confidentiality
agreement. 

          15.
Injunctive Relief. Executive acknowledges that Executive’s breach of the
covenants contained in Section 14 of this Agreement would cause irreparable
injury to Company and agrees that in the event of any such breach, Company
shall be entitled to seek temporary, preliminary and permanent injunctive
relief without the necessity of proving actual damages or posting any bond or
other security. 

          16.
General Provisions. 

                    16.1.
Successors and Assigns. The rights and obligations of Company under this
Agreement shall inure to the benefit of and shall be binding upon the
successors and assigns of Company. Executive shall not be entitled to assign
any of Executive’s rights or obligations under this Agreement. 

                    16.2.
Waiver. The rights and remedies of the parties to this Agreement are
cumulative and not alternative. Neither the failure nor any delay by any party
in exercising any right, power or privilege under this Agreement or the
documents referred to in this Agreement will operate as a waiver of such right,
power or privilege; and no single or partial exercise of any such right, power
or privilege will preclude any other or further exercise of such right, power
or privilege or the exercise of any other right, power or privilege. To the
maximum extent permitted by applicable law, (i) no claim or right arising out
of this Agreement or the documents referred to in this Agreement can be
discharged by one party, in whole or in part, by a waiver or renunciation of
the claim or right unless in writing signed by the other party; (ii) no waiver
that may be given by a party will be applicable except in the specific instance
for which it is given; and (iii) no notice to or demand on one party will be
deemed to be a waiver of any obligation of such party or of the right of the
party giving such notice or demand to take further action without notice or
demand as provided in this Agreement or the documents referred to in this
Agreement. 

                    16.3.
Severability. In the event any provision of this Agreement is found to
be unenforceable, invalid or illegal by an arbitrator or court of competent
jurisdiction, such provision shall be deemed modified to the extent necessary
to allow enforceability of the provision as so limited, it being intended that
the parties shall receive the benefit contemplated

herein to the
fullest extent permitted by law. If a deemed modification is not satisfactory
in the judgment of such arbitrator or court, the unenforceable, invalid or
illegal provision shall be deemed deleted, and the legality, validity and
enforceability of the remaining provisions shall not be affected thereby. 

                    16.4.
Interpretation; Construction. The headings set forth in this Agreement
are for convenience only and shall not be used in interpreting this Agreement. 

                    16.5.
Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the California, without reference to its conflicts
of laws principles. 

                              Any
claim, controversy or dispute between Executive and the Company (including
without limitation the Company’s affiliates, officers, employees,
representatives, or agents) arising out of or relating to the employment of
Executive, the cessation of employment of Executive, or any matter relating to
the foregoing shall be submitted to and settled by arbitration before a single
arbitrator in a forum of the American Arbitration Association (“AAA”) located
in Santa Clara County in the State of California and conducted in accordance
with the National Rules for the Resolution of Employment Disputes. 

                              In
such arbitration: (a) the arbitrator shall agree to treat as confidential
evidence and other information presented by the parties, (b) the arbitrator
shall have no authority to amend or modify any of the Company’s policies, and
(c) the arbitrator shall have ten business days from the closing statements or
submission of post-hearing briefs by the parties to render their decision. Any
arbitration award shall be final and binding upon the parties, and any court
having jurisdiction may enter a judgment on the award. 

                              The
foregoing requirement to arbitrate claims, controversies, and disputes applies
to all claims or demands by Executive, including without limitation any rights
or claims Executive may have under the Age Discrimination in Employment Act of
1967, Section 1981, Title VII of the Civil Rights Act of 1964, the Americans
with Disabilities Act of 1991, the Equal Pay Act, the Family and Medical Leave
Act or any other federal, state or local laws or regulations pertaining to
Executive’s employment or the termination of Executive’s employment. 

                              All
costs of said arbitration, including the arbitrator’s fees, if any, shall be
borne equally by the parties, unless the arbitration decision and award
provides otherwise. All legal fees incurred by each party in connection with
said arbitration shall be borne by the party who incurs them, unless applicable
statutory authority exist providing for the award of attorneys’ fees to a
prevailing party and the arbitration decision and award provides for the award
of such fees. 

                    16.6.
Notices. All notices, consents, waivers and other communications under
this Agreement must be in writing and will be deemed to have been duly given
when (i) delivered by hand (with written confirmation of receipt); (ii) sent by
facsimile (with written confirmation of receipt); or (iii) when received by the
addressee, if sent by a nationally recognized overnight delivery service,
return receipt requested, in each case to the appropriate addresses and
facsimile numbers set forth below or on the signature pages hereto (or to such
other address as a party may designate by notice to the other parties): 

	
 

	
 

	
If to
 Company:

	
XLNT
 Veterinary Care, Inc.Attention: Chairman of the Board

	
 

	
560 South
 Winchester Blvd.

	
 

	
San Jose,
 California 95128

	
 

	
 

	
If to
 Executive:

	
Robert
 Wallace

	
 

	
15466 Los
 Gatos Blvd. #109-352

	
 

	
Los Gatos,
 California 95032

	
 

	
 

	
 

	
Telephone:
 (408) 356-9576

	
 

	
Facsimile:
 (408) 356 - 7417

or to such
other address as either party shall have furnished to the other in writing in
accordance herewith. 

                    16.7.
Counterparts; Facsimile. This Agreement may be executed in one or more
counterparts, all of which when fully executed and delivered by all parties
hereto and taken together shall constitute a single agreement, binding against
each of the parties. To the maximum extent permitted by law or by any
applicable governmental authority, any document may be signed and transmitted
by facsimile with the same validity as if it were an ink-signed document. Each
signatory below represents and warrants by his or her signature that he or she
is duly authorized (on behalf of the respective entity for which such signatory
has acted) to execute and deliver this instrument and any other document
related to this transaction, thereby fully binding each such respective entity.

                    16.8.
Survival. Sections 8 (“Severance Package Upon Termination of Employment
Other than for Cause”), 10 (“Definitions”), 11 (“Notice of Termination”), 14
(“Nondisparagement”), 15 (“Injunctive Relief”), 16 (“General Provisions”) and
17 (“Entire Agreement”) of this Agreement shall survive Executive’s employment
by Company. 

          17.
Entire Agreement. This Agreement constitutes the entire agreement
between the parties relating to this subject matter and supersedes all prior or
simultaneous representations, discussions, negotiations, and agreements,
whether written or oral. This Agreement may be amended or modified only with
the written consent of Executive and the Company. No oral waiver, amendment or
modification will be effective under any circumstances whatsoever. 

          18.
Indemnification and Insurance. The Company shall indemnify Executive in
accordance with its articles or incorporation and bylaws. The Company shall
maintain an amount of director’s and officer’s liability insurance consistent
with similarly situated entities, and Executive shall at all times during the
Employment Term be covered by such policy. 

[Remainder of Page
Intentionally Left Blank]

THE PARTIES TO
THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND
EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS
AGREEMENT ON THE DATES SHOWN BELOW. 

	
 

	
 

	
 

	
 

	
 

	
Dated:

	
 

	
EXECUTIVE

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
/s/ Robert
 Wallace

	
 

	
 

	 

	
 

	
 

	
Robert
 Wallace

	
 

	
 

	
 

	
 

	
Dated: 

	
 

	
XLNT VETERINARY CARE, INC.

	
 

	 
	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By: 

	
/s/ Zubeen
 Shroff

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
Name: Zubeen
 Shroff

	
 

	
 

	
 

	
Title:
 Chairman of the Board of Directors

[Signature Page to
Robert Wallace Employment Agreement]Exhibit 10.20

BOARD VOTING AGREEMENT

THIS BOARD VOTING AGREEMENT (this “Agreement”) is made and entered into as of this ___ day of December, 2007, by and among Echo Healthcare Acquisition Corp., a Delaware corporation (the “Parent”), certain stockholders of the Parent and holders of options and/or warrants to acquire shares of the capital stock of the Parent listed on Schedule A hereto (“Stockholder Group A”), certain former stockholders of XLNT Veterinary Care, Inc., a Delaware corporation (the “Company”) and holders of options and warrants to acquire shares of the capital stock of the Company that following the Merger (as defined below) represent the
right to receive shares of Parent Common Stock (as defined below) upon exercise) listed on Schedule B hereto (“Stockholder Group B”), and Galen Partners IV, L.P., Galen Partners International IV, L.P. and Galen Employee Fund IV, L.P. (“Stockholder Group C”), together with any transferees who become subject to the provisions hereof pursuant to Section 7.1 (each a “Key Holder” and collectively, the “Key Holders”).  The Parent and the Key Holders are individually referred to herein as “Party” and are collectively referred
to herein as the “Parties.”  

RECITALS:

WHEREAS, the Parent has entered into Second Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”) by and among the Parent, Pet DRx Acquisition Company (a wholly-owned subsidiary of the Parent, “Merger Sub”) and the Company, dated as of October 23, 2007, providing for the merger (“Merger”) of the Merger Sub with and into the Company with the Company continuing as the surviving entity (the surviving corporation after the Merger is referred to herein as the “Surviving Corporation”); and 

WHEREAS, the Key Holders desire to make certain covenants and agreements set forth herein with respect to their Shares (as defined below) and certain other matters;

 

NOW THEREFORE, in consideration of the Merger and the premises, covenants and agreements contained herein, the parties hereto agree as follows:

 

AGREEMENT:

1.     Board of Directors.  Immediately following the consummation of the Merger, Parent shall take all necessary corporate action such that the board of directors of the Parent (the “Parent Board”) shall consist of nine (9) members, as follows:  

(a)       Four (4) members (the “Group A Directors”) designated by Stockholder Group A (a “Stockholder Group” and collectively with Stockholder Group B and Stockholder Group C, the “Stockholder Groups”), one of whom, Gene E. Burleson, shall be nominated to serve as the initial non-executive Chairman of the Parent Board; provided, however, that in the event that Mr. Burleson is unavailable for such service, Stockholder Group A shall have the right to designate another individual, reasonably acceptable to the Company and Stockholder Group C, to serve as the non-executive Chairman of the Board;

(b)       Four (4) members, or in the event that Robert Wallace is not a member of the Parent Board, five (5) members (the “Group B Directors”) designated by the Stockholder Representatives (as defined in the Merger Agreement), one of whom shall be a 

 

designee named by Stockholder Group C and shall serve as the non-executive Vice Chairman of the Parent Board;

(c)       Robert Wallace (the “CEO Director”, and together with the Group A Directors and the Group B Directors, the “Director Group”) for so long as (i) Mr. Wallace is serving as the Chief Executive Officer of the Parent or (ii) is the beneficial owner of at least two or more percent of the outstanding shares of Parent Common Stock on a fully-diluted basis. 

	
             
 	
            2.
 	
            Voting Agreement.
 

2.1.      Board Composition.  Each Key Holder hereby agrees during the term of this Agreement that (a) if any annual or special meeting of the Parent’s stockholders is held in order to elect directors to the Parent Board, to appear at such meeting or otherwise cause his, her or its shares of voting securities of the Parent, whether now owned or hereafter acquired (together, the “Shares”) to be counted as present thereat, and (b) to vote or to act by written consent with respect to (or cause to be voted or acted upon by written consent), (i) all Shares for which the Key Holder is the record holder or beneficial owner at the time of such vote or action by written consent and (ii) all Shares as to which the Key Holder at the time of
such vote or action by written consent has voting control, in each case (x) so that the Parent Board consists of the Director Group, and (y) withheld from the election of any person or persons nominated in opposition to the Director Group; provided, however, that if for any reason Robert Wallace is no longer the Chief Executive Officer of the Surviving Corporation or no longer holds at least 2% of the of the outstanding Parent Common Stock on a fully-diluted basis, each of the Key Holders shall promptly vote their respective shares to remove him from the Parent Board if he has not resigned from such position. 

Neither the Key Holders, nor any of the officers, directors, stockholders, members, managers, partners, employees or agents of any Key Holder, makes any representation or warranty as to the fitness or competence of any member of the Director Group to serve on the Parent Board by virtue of such party’s execution of this Agreement or by the act of such party in designating or voting for such person or persons pursuant to this Agreement.

2.2.      Size of the Board.  Each Key Holder agrees, during the term of this Agreement, to vote all of his, her or its Shares from time to time and at all times, in favor of the size of the Board being set and remaining at nine (9) directors. 

2.3.      Removal of Board Members.  Each Key Holder also agrees, during the term of this Agreement, that any director of the Parent Board may be removed from the Parent Board in the manner permitted by law and the Parent’s governing documents.  If  the holders of two-thirds (2/3) of the Shares then held by a Stockholder Group request the removal of a director designated by such Stockholder Group, each Key Holder shall vote or act by written consent with respect to (or cause to be voted or acted upon by written consent), (i) all Shares for which the Key Holder is the record holder or beneficial owner at the time of such vote or action by written consent and (ii) all Shares as to which the Key Holder at the time of such vote or action by written consent has voting control, in each case in favor of
such removal.  Except as set forth in the preceding sentence, each Key Holder will not, as a stockholder, vote or consent to the removal of any director who is a member of a Stockholder Group of which such Key Holder is 

 

2

not a member.  If a director is removed or resigns from office, the remaining directors nominated by the Stockholder Group that nominated such vacating director shall be entitled to designate a successor. All Key Holders agree, during the term of this Agreement, to execute any written consents required to effectuate the obligations of this Agreement, and the Parent and all Key Holders agrees at the request of any Party entitled to designate directors to call or participate in the call of, a special meeting of stockholders for the purpose of electing directors.

3.         Term.  This Agreement shall be effective as of the date hereof and shall continue in effect until and shall terminate upon the earlier to occur of (a) three (3) years from the date hereof or (b) a Sale of Parent.  For purposes of this Agreement, “Sale of Parent” shall mean: (i) the sale of all, or substantially all, of the Parent’s assets in any single transaction or series of related transactions; (ii) the acquisition by any one person, single entity or group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, of the Parent Common Stock possessing a majority of the voting power to elect directors of the Parent; (iii)  any merger or consolidation of the Parent with or into another corporation (regardless of which
entity is the surviving corporation) if, after giving effect to such merger or consolidation the holders of the Parent’s voting securities immediately prior to the merger or consolidation own voting securities of the surviving or resulting corporation representing less than a majority of the voting power to elect directors of the surviving or resulting corporation; or (iv)  a liquidation or dissolution of the Parent.

4.         Obligations as Director and/or Officer.  Nothing contained in this Agreement shall be deemed to limit or restrict any director or officer of the Parent from acting in his capacity as such director or officer or from exercising his fiduciary duties and responsibilities, it being agreed and understood that this Agreement shall apply to each Key Holder solely in such Key Holder’s capacity as a stockholder of the Parent and shall not apply to such Key Holder’s actions, judgments or decisions as a director or officer of the Parent if such Key Holder is a director or officer.

5.         Representations.  Each Key Holder, severally and not jointly (as to itself or himself), represents, warrants, agrees and acknowledges that:

(a)       Such Key Holder has full legal capacity and power and authority to enter into this Agreement and to carry out such Key Holder’s obligations hereunder.

(b)       This Agreement has been duly executed and delivered by such Key Holder and, assuming due authorization, execution and delivery by the other parties hereto, this Agreement constitutes the legal, valid and binding obligation of such Key Holder, enforceable against such Key Holder in accordance with its terms.

(c)       The execution and delivery of this Agreement by such Key Holder does not, and the performance of this Agreement by such Key Holder will not, (i) conflict with or violate any Legal Requirement (as defined in the Merger Agreement) applicable to such Key Holder or by which any property or asset of such Key Holder is bound or affected or (ii) result in any breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to any other Person any right of termination, amendment, acceleration or cancellation of, or result in the creation of any encumbrance on any property or 

 

3

asset of such Key Holder pursuant to any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation.

(d)       The execution and delivery of this Agreement by such Key Holder does not, and the performance of this Agreement by such Key Holder will not, require any consent, approval, authorization or permit of, or filing with or notification to, any governmental or regulatory authority, domestic or foreign, except (i) for compliance with applicable requirements, if any, under the Securities Exchange Act of 1934, as amended, and (ii) where the failure to obtain such consents, approvals, authorizations or permits, or to make such filings or notifications, would not prevent or materially delay the performance by such Key Holder of such Key Holder’s obligations under this Agreement.

(e)       Such Key Holder understands that the obligations set forth in this Agreement are irrevocable on the part of such Key Holder and shall survive such Key Holder’s death or incapacity.  Any obligations created by this Agreement shall be binding upon the heirs, devisees, personal representatives, successors and assigns of each Key Holder.

6.         Specific Enforcement.  Each Party acknowledges and agrees that each Party hereto will be irreparably damaged if any of the provisions of this Agreement are not performed by the Parties in accordance with their specific terms or are otherwise breached.  Accordingly, it is agreed that each Party hereto shall be entitled to an injunction to prevent breaches of this Agreement and to specific enforcement of this Agreement and its terms and provisions in any action instituted in any court of the United States or any state having subject matter jurisdiction, in addition to any other remedy to which the Parties may be entitled at law or in equity.  Each of the Parties to this Agreement hereby consents to personal jurisdiction in any such action brought in the United States District Court for the
District of Delaware or in any court of the State of Delaware having subject matter jurisdiction].

	
             
 	
            7.
 	
            Miscellaneous.
 

	
             
 	
            7.1.
 	
            Transfers, Successors and Assigns.
 

 (a)       The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties except for a successor or assign of a Key Holder who is not an Affiliate (as defined below) of a Key Holder.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties hereto and, to the extent provided in Section 7.1(b) below, their respective successors and assigns, any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

(b)       Each transferee or assignee of the Shares from a Key Holder who is an Affiliate of a Key Holder shall be subject to the terms hereof, and, as a condition to the Parent recognizing such transfer, each such transferee or assignee shall agree in writing to be subject to each of the terms of this Agreement by executing and delivering an Adoption Agreement substantially in the form attached hereto as Exhibit A.  Upon the execution and delivery of an Adoption Agreement by any such transferee, such transferee shall be deemed to be a Party hereto as if such transferee’s signature appeared on the signature pages of this 

 

4

Agreement.  By execution of this Agreement or of any Adoption Agreement, each of the Parties appoints the Parent as its attorney in fact for the purpose of executing any Adoption Agreement that may be required to be delivered under the terms of this Agreement.  The Parent shall not permit the transfer of the Shares subject to this Section 7.1(b) on its books or issue a new certificate representing any such Shares unless and until either (i) such transferee shall have complied with the terms of this Section 7.1, or (ii) the transferee shall have certified to Parent in writing that the transferee is not an Affiliate of a person or entity known to such transferee to be a Key Holder.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties or their respective executors, administrators, heirs, successors and assigns any rights, remedies, obligations, or
liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.  For purposes of this Agreement, an “Affiliate” of a Key Holder means (i) an entity that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such Key Holder, and (ii), with respect to a Key Holder who is a natural person, such Key Holder’s spouse, children, parents, siblings, grandparents, grandchildren (in each case, including in-law and step- relationships), or a trust or other estate planning vehicle organized for the benefit of such Key Holder or any such persons.  The term “control” means the possession, directly or indirectly, of the power to direct the voting of the Shares, whether through the ownership of voting securities, by contract or otherwise.     

(c)       For the avoidance of any doubt, each transferee or assignee of Shares from a Key Holder who is not an Affiliate of a Key Holder shall not be required to execute an Adoption Agreement and shall not be subject to the terms of this Agreement.

7.2.      Governing Law.  This Agreement shall be governed by and construed in accordance with the General Corporation Law of the State of Delaware as to matters within the scope thereof, and as to all other matters shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to its principles of conflicts of laws.

7.3.      Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  The failure of any one or more Key Holders to execute this Agreement shall not in any way be deemed to affect the binding nature of this Agreement with respect any other Key Holder which executed this Agreement.

7.4.      Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

7.5.      Notices.  All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given:  (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, 

 

5

return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.  All communications shall be sent to the respective Parties at their address as set forth on the signature page on Schedule A, Schedule B or Schedule C hereto, or to such email address, facsimile number or address as subsequently modified by written notice given in accordance with this Section.  If notice is given to the Parent or Stockholder Group A, a copy shall also be sent to Powell Goldstein LLP, attn: Richard Miller, 1201 West Peachtree Street, NW, Fourteenth Floor, Atlanta, Georgia  30309; Fax:  404-572-6999, or to the email
address provided in accordance with this Section. If notice is given to Stockholder Group B or Stockholder Group C, a copy shall also be sent to Joel Rubinstein, McDermott Will & Emery LLP, 340 Madison Avenue, New York, New York 10173, Fax: 212-547-5444, or to the email address provided in accordance with this Section.

	
             
 	
            7.6.
 	
            Amendment.
 

 (a)       This Agreement may be amended or modified and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument executed by (i) the Parent and (ii) the Key Holders holding at least (A) a majority of the Shares then held by the members of Stockholder Group A, and (B) a majority of the Shares then held by the members of Stockholder Group B and Stockholder Group C voting together as a single class.  Any amendment or waiver so effected shall be binding upon all Parties to this Agreement and all of their
respective successors and permitted assigns whether or not such party, assignee or other shareholder entered into or approved such amendment or waiver.  

(b)       Notwithstanding Subsection 7.6(a), (i) this Agreement may not be amended or terminated and the observance of any term of this Agreement may not be waived with respect to any Key Holder without the written consent of such Key Holder unless such amendment, termination or waiver applies to all Key Holders, as the case may be, in the same fashion, (ii) the consent of a Key Holder shall not be required for any amendment or waiver if such amendment or waiver does not apply to the Key Holder, and (iii) the right of Stockholder Group C to designate one director and the non-executive Vice Chairman of the Board under Section 1(b) shall not be amended or waived without the unanimous written consent of Stockholder Group C, and (iv) Section
7.6 shall not be amended or waived without the unanimous written consent of Stockholder Group A,  Stockholder Group B, and Stockholder Group C.

(c)       The Parent shall give prompt written notice of any amendment or termination of this Agreement or waiver hereunder to any Party that did not consent in writing to such amendment, termination or waiver.  Any amendment, termination or waiver effected in accordance with this Section 7.6 shall be binding on all Parties, even if they do not execute such consent.  No waivers of or exceptions to any term, condition or provision of this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision.  

7.7.      Severability.  The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

 

6

7.8.      Delays or Omissions.  No delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting Party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring.  Except as provided in Section 7.6, any waiver, permit, consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or
any waiver on the part of any Party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing.  All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative.

7.9.      Entire Agreement.  This Agreement (including any Schedule or Exhibits hereto) constitutes the full and entire understanding and agreement between the Parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the Parties are expressly canceled. 

7.10.    Stock Splits, Stock Dividends, etc.  In the event of any issuance of the Parent’s voting securities hereafter to any of the Key Holders (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), such voting securities shall become subject to this Agreement upon issuance without the need for any further action, acknowledgement or consent.

7.11.    Covenants of the Parent.  The Parent agrees to use its best efforts to ensure that the rights granted under this Agreement are effective and that the Parties enjoy the benefits of this Agreement.  Such actions include, without limitation, the use of the Parent’s  best efforts to cause the nomination and election of the directors as provided above.  The Parent will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be performed hereunder by the Parent but will at all times in good faith assist in the carrying out of all of the provisions of this Agreement and in the taking of all such actions as may be necessary, appropriate or reasonably requested by the Key Holders.

7.12.    Manner of Voting; Grant of Proxy.  The voting of Shares pursuant to this Agreement may be effected in person, by proxy, by written consent or in any other manner permitted by applicable law.  Each Party hereby grants to the Secretary of the Parent, during the term of this Agreement, if such Party or Parties fail to vote their Shares as required by Section 2 of this Agreement, a proxy coupled with an interest in all Shares beneficially owned by such Party  solely to vote such Shares as required by Section 2 of this Agreement, which proxy is irrevocable until this Agreement terminates pursuant to its terms or this Section 7.12 is amended to remove such grant of proxy in accordance with Section
7.6 of this Agreement.

7.13.    Spousal Consent.  If any Key Holder is married on the date of this Agreement, such Key Holder’s spouse shall execute and deliver to the Parent a consent of spouse in the form of Exhibit B hereto (“Consent of Spouse”), effective on the date hereof.  Notwithstanding the execution and delivery thereof, such consent shall not be deemed to confer or convey to the spouse any rights in such Key Holder’s Shares that do not otherwise exist by 

 

7

operation of law or the agreement of the Parties.  If any Key Holder should marry or remarry subsequent to the date of this Agreement, such Key Holder shall within thirty (30) days thereafter obtain his/her new spouse’s acknowledgement of and consent to the existence and binding effect of all restrictions contained in this Agreement by causing such spouse to execute and deliver a Consent of Spouse acknowledging the restrictions and obligations contained in this Agreement and agreeing and consenting to the same.

7.14.    No Ownership Interest.  Nothing contained in this Agreement shall be deemed to vest in the Parent or any other Person any direct or indirect ownership or incidence of ownership of or with respect to any Shares.  All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to the applicable Key Holders, and neither the Parent nor any other Person shall have any power or authority to direct any Key Holder in the voting of any of the Shares, except as otherwise provided herein.

7.15.    Legend on Share Certificates.  The Key Holders agree that a legend shall be included on each certificate representing Shares reading substantially as follows:

“THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT, AS MAY BE AMENDED FROM TIME TO TIME, (A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST FROM THE COMPANY), WHICH REQUIRES CERTAIN TRANSFEREES OF SUCH SHARES TO BECOME BOUND BY ALL THE PROVISIONS OF THAT VOTING AGREEMENT.”

Parent shall supply, free of charge, a copy of this Agreement to any holder of a certificate evidencing Shares upon written request from such holder to the Parent at its principal office.  The Parties hereby agree that the failure to cause a certificate evidencing Shares to bear the legend required by this Section and/or the failure of the Parent to supply, free of charge, a copy of this Agreement as provided hereunder shall not affect the validity or enforcement of this Agreement.

 

 

[Remainder of Page Intentionally Left Blank]

 

8

IN WITNESS WHEREOF, the Parties have executed this Voting Agreement as of the date first above written.

 

ECHO HEALTHCARE ACQUISITION CORP. 

 

	
             
 	
            By:
 	
            /s/ Gene E. Burleson                                    
 

	
             
 	
            Name:
 	
            Gene E. Burleson
 

	
             
 	
            Title:
 	
            Chairman and Chief Executive Officer
 

Address:8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA  22182
 

 

[Signatures Continue on Following Page]

 

 

Schedules and Exhibits

 

	
            Schedule A
 	
            -
 	
            Stockholder Group A
 

	
            Schedule B
 	
            -
 	
            Stockholder Group B
 

	
            Schedule C
 	
            -
 	
            Stockholder Group C
 

 

	
            Exhibit A
 	
            -
 	
            Adoption Agreement
 

	
            Exhibit B
 	
            -
 	
            Consent of Spouse
 

 

9

KEY HOLDERS: 

 

Stockholder Group A

 

	
             
 	
            /s/ Eugene A. Bauer                                                     
 

Eugene A. Bauer

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

	
             
 	
            /s/ Gene E. Burleson                                                    
 

Gene E. Burleson

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

	
             
 	
            /s/ Gary A. Brukardt                                                    
 

Gary A. Brukardt

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

 

	
             
 	
            /s/ Alastair Clemow                                                     
 

Alastair Clemow 

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

	
             
 	
            /s/ Joel Kanter                                                              
 

Joel Kanter

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

 

	
             
 	
            /s/ Kevin Pendergest                                                  
 

Kevin Pendergest

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

	
             
 	
            /s/ Richard Martin                                                       
 

Richard Martin

Address: 8000 Towers Crescent Drive, Suite 1300

	
             
 	
            Vienna, VA 22182
 

 

 

10

Chicago Investments, Inc.

 

	
             
 	
            By:
 	
            /s/ Joshua S. Kanter                                   
 

	
             
 	
            Name:
 	
            Joshua S. Kanter
 

	
             
 	
            Title:
 	
            President
 

	
             
 	
            Address:
 	
            8000 Towers Crescent Drive, Suite 1300
 

	
             
 	
            Vienna, VA 22182
 

 

 

Windy City, Inc.

 

	
             
 	
            By:
 	
            /s/ Joel Kanter                                                    
 

	
             
 	
            Name:
 	
            Joel Kanter
 

	
             
 	
            Title:
 	
            President
 

	
             
 	
            Address:
 	
            8000 Towers Crescent Drive, Suite 1300
 

	
             
 	
            Vienna, VA 22182
 

 

 

[Signatures Continue on Following Page]

 

11

Stockholder Group B

 

Edward Holdings

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:                                                                         
                                                                                  &nbs

p;    

        

	
             
 	
             
 

 

Gateway Advisors

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       
 

	
             
 	
            Address:
                                                                        
                                                                                       
 

 

                                                                                       

David Reed

	
             
 	
            Address:                                                                         
                                                                                  &nbs

p;    
 

 

 

	
             
 	
            /s/ Keith Rosenbloom
 

Keith Rosenbloom

	
             
 	
            Address:830 Third Ave., 8th Floor
 

	
             
 	
            New York, NY  10022
 

 

                                                                                       

Vinton Rollins

	
             
 	
            Address:
                                                                        
                                                                                       
 

 

                                                                                       

Robert Wallace

	
             
 	
            Address:
                                                                        
                                                                                       
 

 

 

 

12

Paul Hill (Harvard Developments Inc.)

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:              
                            
                           
    
                      
                            
                                
    

        

 

 

Paul Hill (Echo Capital Growth Corporation)

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Paul Hill (Harvard Investments Inc.)

 

	
             
 	
            By:
 	
            /s/ Craig Krumwiede
 

	
             
 	
            Name:
 	
            Craig Krumwiede
 

	
             
 	
            Title:
 	
            President
 

	
             
 	
            Address:17700 N. Palesetter Way
 

	
             
 	
            Scottsdale, AZ  85255
 

 

 

St. Cloud Capital Partners

 

	
             
 	
            By:      /s/ Robert Lautz
 

	
             
 	
            Name: Robert Lautz
 

	
             
 	
            Title:   Managing Director

	
             
 	
            Address:  10866 Wilshire Blvd., Suite 1450
            
     Westwood, CA 90024

        

 

 

LBJ Holdings 

 

	
             
 	
            By:
 	
            /s/ Brian Potiker
 

	
             
 	
            Name:
 	
            Brian Potiker
 

	
             
 	
            Title:
 	
            Vice President for HSP Group, Inc.
 

	
             
 	
            Manager of LBJ Holdings, LLC
 

	
             
 	
            Address:875 Prospect, Suite 220
 

	
             
 	
            La Jolla, CA  92037
 

 

 

13

Shea Ventures

 

	
             
 	
            By:
 	
            /s/ John C. Morrissey
 

	
             
 	
            Name:
 	
            John C. Morrissey
 

	
             
 	
            Title:
 	
            Managing Director
 

	
             
 	
            Address: 655 Brea Canyon Rd.
 

	
             
 	
            Walnut, CA  91789
 

 

                                                                                       

Marc Hoegger (Societe Bancaire Privee)

	
             
 	
            Address:
                                                                        
                                                                                       
 

 

 

Leeward Ventures Sicar S.C.A.

 

	
             
 	
            By:
 	
            /s/ Peter Vanderbruggen
 

	
             
 	
            Name:
 	
            Peter Vanderbruggen
 

	
             
 	
            Title:
 	
            Managing Director
 

	
             
 	
            Address: 3-5 Place Winston Churchill
 

	
             
 	
            L-2019 Luxembourgg
 

 

 

DDB Ventures LLC

 

	
             
 	
            By:
 	
            /s/ Dale M. Jensen
 

	
             
 	
            Name:
 	
            Dale M. Jensen
 

	
             
 	
            Title:
 	
            Managing Member
 

	
             
 	
            Address:4021 E. Lamar Rd.
 

	
             
 	
            Paradise Valley, AZ  85253
 

 

 

Commonwealth Associates LP

 

	
             
 	
            By:  
 	
            /s/ Robert A. O’Sullivan
 

	
             
 	
            Name:
 	
            Robert A. O’Sullivan
 

	
             
 	
            Title:
 	
            CEO & President
 

	
             
 	
            Address: 830 Third Avenue, 8th Floor
 

	
             
 	
            New York, NY  10022
 

 

 

14

Camden Partners Strategic Fund III, L.P.

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Camden Partners Strategic Fund III-A, L.P.

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Fine Family Partnership

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Maot Group Partners

 

	
             
 	
            By:
 	
            /s/ Aryeh Rubin                                            
 

	
             
 	
            Name:
 	
            Aryeh Rubin
 

	
             
 	
            Title:
 	
            General Partner
 

	
             
 	
            Address:3029 NE 188th Street, Suite 1114
 

	
             
 	
            Aventura, FL  33180
 

 

 

	
             
 	
            /s/ John D. Craifa                                        
 

John D. Craifa

	
             
 	
            Address:164 North Murray Avenue
 

	
             
 	
            Ridgewood, NJ  07450
 

 

 

15

Westmount Investments LLC

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

	
             
 	
            /s/ Edward W. Doherty                                   
 

Edward W. Doherty

	
             
 	
            Address:10 Ridge Crest Rd.
 

	
             
 	
            Saddle River, NJ  07458
 

 

 

[Signatures Continue on Following Page]

 

16

Stockholder Group C

 

Galen Partners IV, L.P.

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Galen Partners International IV, L.P.

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

Galen Employee Fund IV, L.P.

 

	
             
 	
            By:                                                                                 
 

	
             
 	
            Name:                                                                            
 

	
             
 	
            Title:                                                                  
                       

	
             
 	
            Address:
                                                                        
                                                                                       

        

 

 

 

17

SCHEDULE A

Stockholder Group A

	
            Name 
 	
             
 
	
            Eugene A. Bauer
 	
             
 
	
            Gene E. Burleson
 	
             
 
	
            Gary A. Brukardt
 	
             
 
	
            Alastair Clemow 
 	
             
 
	
            Joel Kanter
 	
             
 
	
            Kevin Pendergest
 	
             
 
	
            Richard Martin
 	
             
 
	
            Chicago Investments, Inc.
 	
             
 
	
            Windy City, Inc.
 	
             
 

 

 

SCHEDULE B

Stockholder Group B

	
            Name 
 	
             
 
	
            Edward Holdings
 	
             
 
	
            Gateway Advisors
 	
             
 
	
            David Reed
 	
             
 
	
            Keith Rosenbloom
 	
             
 
	
            Vinton Rollins
 	
             
 
	
            Robert Wallace
 	
             
 
	
            Kanter Entities
 	
             
 
	
            Paul Hill (3 entities)
 	
             
 
	
            St. Cloud Capital Partners
 	
             
 
	
            LBJ Holdings 
 	
             
 
	
            Shea Ventures
 	
             
 
	
            Marc Hoegger (Societe Bancaire Privee)
 	
             
 
	
            Leeward Ventures Sicar S.C.A.
 	
             
 
	
            DDB Ventures LLC
 	
             
 
	
            Commonwealth Associates LP
 	
             
 
	
            Camden Partners (2 entities)
 	
             
 
	
            Fine Family Partnership
 	
             
 
	
            Maot Group Partners
 	
             
 
	
            John D. Craifa
 	
             
 
	
            Westmount Investments LLC
 	
             
 
	
            Edward W. Doherty
 	
             
 

 

 

SCHEDULE C

Stockholder Group C

	
            Name 
 	
             
 
	
            Galen Partners IV, L.P.
 	
             
 
	
            Galen Partners International IV, L.P. 
 	
             
 
	
            Galen Employee Fund IV, L.P.
 	
             
 

 

 

 

 

EXHIBIT A

ADOPTION AGREEMENT

This Adoption Agreement (“Adoption Agreement”) is executed by the undersigned (the “Transferee”) pursuant to the terms of that certain Voting Agreement dated as of ___________, 200__ (the “Agreement”) by and among Echo Healthcare Acquisition Corp., a Delaware corporation, certain stockholders of the Parent and holders of warrants to acquire shares of the capital stock of the Parent listed on Schedule A hereto, certain stockholders of the Company and holders of options to acquire shares of the capital stock of the Company that following the Merger will represent the right to receive shares of Parent Common Stock upon exercise) listed on Schedule B hereto, and Galen Partners IV, L.P.,  Galen Partners International IV, L.P. and Galen Employee Fund IV, L.P. Capitalized terms used but not defined in this Adoption Agreement shall have the respective meanings ascribed to such terms in the Agreement.  By the execution of this Adoption Agreement, the Transferee agrees as follows:

1.1       Acknowledgement.  Transferee acknowledges that Transferee is acquiring certain shares of the capital stock of the Company that constitute Shares and shall be subject to the terms and conditions of the Agreement.

1.2       Agreement.  Transferee (a) agrees that the Shares acquired by Transferee shall be bound by and subject to the terms of the Agreement, and (b) hereby adopts the Agreement with the same force and effect as if Transferee were originally a Party thereto. Transferee further acknowledges that for purposes of the Agreement, Transferee will be deemed a member of the Stockholder Group of which the Transferor was a member, unless Transferee is currently a member of a different Stockholder Group in which case Transferee shall continue as a member of such different Stockholder Group.

1.3       Notice.  Any notice required or permitted by the Agreement shall be given to Transferee at the address listed beside Transferee’s signature below.  

EXECUTED AND DATED this [__] day of _________, 200__.

TRANSFEREE

 

	
             
 	
            By:                                                                                                     
 

Name and Title

 

	
             
 	
            Address:                                                                                           
 

	
             
 	
            Fax:                                                                                                    
 

 

Accepted and Agreed:

 

[Parent]

 

 

	
            By:                                                                                   
 

	
            Title:                                                                                
 

 

2

[EXHIBIT B

 

CONSENT OF SPOUSE

I, [____________________], spouse of [______________], acknowledge that I have read the Voting Agreement, dated as of _____________, 200__, to which this Consent is attached as Exhibit B (the “Agreement”), and that I know the contents of the Agreement.  I am aware that the Agreement contains provisions regarding the voting and transfer of shares of capital stock of the Parent that my spouse may own, including any interest I might have therein.

I hereby agree that my interest, if any, in any shares of capital stock of the Parent subject to the Agreement shall be irrevocably bound by the Agreement and further understand and agree that any community property interest I may have in such shares of capital stock of the Parent shall be similarly bound by the Agreement. 

I am aware that the legal, financial and related matters contained in the Agreement are complex and that I am free to seek independent professional guidance or counsel with respect to this Consent.  I have either sought such guidance or counsel or determined after reviewing the Agreement carefully that I will waive such right.

 

 

	
            Dated:                                                                                                                                                     

;                
 

	
             
 	
            [Name of Key Stockholder’s Spouse, if any]

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