Document:

exv4w9

 

Exhibit 4.9

COMPEX TECHNOLOGIES, INC.

NON-INCENTIVE STOCK OPTION AGREEMENT

          THIS AGREEMENT, made this first day of July, 2003, by and between Compex Technologies, Inc., a
Minnesota corporation (“the Company”), and Jerry Rice (“Consultant”).

          WHEREAS, the Company wishes to grant this stock option to Consultant in consideration of the
services of the Consultant pursuant to that certain Letter Agreement between the Company and
Consultant dated as of June 12, 2003.

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

          1. Grant of Option

          The Company hereby grants to Consultant, on the date set forth above, the right and option
(hereinafter called “the option”) to purchase all or any part of an aggregate of 30,000 shares of
Common Stock, $.10 par value, at the price of $4.68 per share on the terms and conditions set forth
herein. This option is not intended to be an incentive stock option within the meaning of Section
422 of the Internal Revenue Code of 1986, as amended (the “Code”).

          2. Duration and Exercisability

          (a) Except as provided in paragraph 3 below, this option shall be exercisable on the date
hereof, and for the remainder of the term of this option, with respect to 10,000 shares, and shall
become exercisable with respect to an additional, cumulative 10,000 shares on July 1, 2004, and to
an additional cumulative 10,000 shares on July 1, 2005 all of which shall remain exercisable for
the remainder of the term of this option. This option shall terminate in all events on July 1,
2006.

          (b) During the lifetime of Consultant, the option shall be exercisable only by Consultant and
shall not be assignable or transferable by Consultant, other than by will or the laws of descent
and distribution.

          3. Effect of Termination of Consulting Agreement. Consultant is receiving this
option in consideration of services to be performed under that certain Consulting Agreement dated
as of June 12, 2003 (“Consulting Agreement”). In the event that the Consulting Agreement shall be
terminated for any reason, Consultant shall have the right to exercise the option at any time
within one year after such termination to the extent of the full number of shares Consultant was
entitled to purchase under the option on the date of termination, subject to the condition that no
option shall be exercisable after the expiration of the term of the option.

          4. Manner of Exercise. The option can be exercised only by Consultant or other
proper party by delivering within the option period written notice to the Company at its principal
office. The notice shall state the number of shares as to which the option is being exercised and
be accompanied by payment in full by check (bank check, certified check or personal check), of the
option price for all shares designated in the notice.

 

 

          5. Miscellaneous

          (a) This Agreement shall not confer on Consultant any right independent of the Consulting
Agreement with respect to consulting services, or payment for consulting services, from the Company
or any of its subsidiaries, nor will it interfere in any way with the right of the Company to
terminate such Consulting Agreement in accordance with its terms. Consultant shall have none of
the rights of a shareholder with respect to shares subject to this option until such shares shall
have been issued to Consultant upon exercise of this option.

          (b) The exercise of all or any part of this option shall only be effective at such time that
the sale of Common Stock pursuant to such exercise will not violate any state or federal securities
or other laws.

          (c) If Consultant exercises all or any portion of the option subsequent to any change in the
number or character of the Common Stock of the Company (through merger, consolidation,
reorganization, recapitalization, stock dividend, stock split or otherwise), Consultant shall then
receive for the aggregate price paid by Consultant on such exercise of the option, the number and
type of securities or other consideration which Consultant would have received if such option had
been exercised prior to the event changing the number or character of outstanding shares.

          (d) The Company shall at all times during the term of the option reserve and keep available
such number of shares as will be sufficient to satisfy the requirements of this Agreement.

          (e) In order to provide the Company with the opportunity to claim the benefit of any income
tax deduction which may be available to it upon the exercise of the option, and in order to comply
with all applicable federal or state income tax laws or regulations, the Company may take such
action as it deems appropriate to insure that, if necessary, all applicable federal or state
payroll, withholding, income or other taxes are withheld or collected from Consultant.

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	COMPEX TECHNOLOGIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Dan W. Gladney	 	 
	 	 	 	 	 	 	 
	 	 	  Its: Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Jerry Rice	 	 
	 	 	 	 	 
	 	 	Consultantexv10w1

 

Exhibit 10.1

February 21, 2006

First Bank of Delaware

1608 Walnut Street

Philadelphia, Pennsylvania 19103

Attention: Alonzo J. Primus

Re: Installment Loan Marketing and Servicing Agreement by and between First Bank of Delaware and
ACE Cash Express, Inc. (as amended, the “Agreement”)

Dear Alonzo:

Each undefined capitalized term used in this letter shall have the meaning ascribed to it in the
Agreement. When countersigned, this letter will constitute an amendment to the Agreement,
effective as of February 21, 2006.

Notwithstanding anything to the contrary contained in the Agreement and without any liability
arising therefor, the parties to the Agreement hereby agree that ACE may cease to offer Loans in
the State of Texas as soon as ACE elects to do so.

Please evidence your agreement with the foregoing by countersigning a copy of this letter and
providing a countersigned copy to the undersigned at your earliest convenience.

	 	 	 	 	 
	 	Sincerely,

ACE CASH EXPRESS, INC.

 	 
	 	By:  	/s/ WALTER E. EVANS
 	 
	 	 	Walter E. Evans, Senior Vice President
and General Counsel 	 
	 	 	 	 
	 

AGREED TO AND ACCEPTED BY:

FIRST BANK OF DELAWARE

By: /s/ ALONZO J. PRIMUS

 

Name: Alonzo J. Primus

Title:    Executive Vice President, National Consumer Productsexv10w2

 

Exhibit 10.2

	 	 	 
	Republic Bank & Trust Company

601 West Market Street

Louisville, Kentucky 40202-2700

Attention: Michael A. Ringswald

	 	February 24, 2006

Re: Marketing and Servicing Agreement dated as of October 21, 2002, by and between Republic Bank &
Trust Company and ACE Cash Express, Inc. (as amended, the “Agreement”)

Dear Mike:

Each undefined capitalized term used in this letter shall have the meaning ascribed to it in the
Agreement. When countersigned, this letter will constitute an amendment to the Agreement,
effective as of February 24, 2006.

Notwithstanding anything to the contrary contained in the Agreement and without any liability
arising therefore, the parties to the Agreement hereby mutually agree that COMPANY and BANK shall
cease offering TRANSACTIONS in the State of Texas as soon as practical in order to allow for store
transition. COMPANY and BANK agree to reconcile and pay all amounts due on all Texas TRANSACTIONS,
whether or not due or finally paid by CUSTOMERS, by March 31, 2006.

COMPANY and BANK further agree that COMPANY and BANK shall cease offering TRANSACTIONS in the
States of Arkansas and Pennsylvania as of the close of business on June 30, 2006. COMPANY and BANK
agree to reconcile and pay all amounts due on all Arkansas and Pennsylvania TRANSACTIONS, whether
or not due or finally paid by CUSTOMERS, by July 31, 2006.

Please evidence your agreement with the foregoing by countersigning a copy of this letter and
providing a countersigned copy to the undersigned at your earliest convenience.

	 	 	 	 	 
	 	Sincerely,

ACE CASH EXPRESS, INC.

 	 
	 	By:  	/s/ WALTER E. EVANS
 	 
	 	 	Walter E. Evans, Senior Vice President
and General Counsel 	 
	 	 	 	 
	 

AGREED TO AND ACCEPTED BY:

REPUBLIC BANK & TRUST COMPANY

	 	 	 
	By:

	 	/s/ MICHAEL A. RINGSWALD
	 

	 	 
	 

	 	Michael A, Ringswald, SVP and General Counselexv10w1

 

EXHIBIT 10.1

WAIVER AND AMENDMENT NO. 2 TO CREDIT AGREEMENT

     This WAIVER AND AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Waiver”) is dated as of February
22, 2006, and is by and among GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation,
individually as sole Lender and as Agent for the Lenders (“Agent”), ODYSSEY HEALTHCARE OPERATING A,
LP, a Delaware limited partnership (“OpCoA”), ODYSSEY HEALTHCARE OPERATING B, LP, a Delaware
limited partnership (“OpCoB”), HOSPICE OF THE PALM COAST, INC., a Florida not for profit
corporation (“Palm Coast”; OpCoA, OpCoB and Palm Coast being referred to together as the
“Borrowers” and each individually as a “Borrower”), and the other Credit Parties signatory hereto.

WITNESSETH:

     WHEREAS, pursuant to that certain Credit Agreement dated as of May 14, 2004, by and among
Agent, the Lenders from time to time party thereto (“Lenders”), Borrowers and the other Credit
Parties signatory from time to time thereto (as amended or otherwise modified from time to time,
the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein shall have
the meaning ascribed to such terms in the Credit Agreement), Agent and Lenders agreed, subject to
the terms and provisions thereof, to provide certain loans and other financial accommodations to
Borrowers;

     WHEREAS, pursuant to Section 5.9 of the Credit Agreement, if any Credit Party proposes to
acquire a fee ownership interest in Real Estate, such Credit Party is required to provide to Agent
a mortgage or deed of trust granting Agent a first priority Lien on such Real Estate together with
certain other related documentation;

     WHEREAS, Borrowers have advised Agent and Lenders that OpCoB intends to acquire the Real
Estate commonly known as 12790 S. Kirkwood, Stafford, TX 77477 (“New Real Estate”); and

     WHEREAS, Borrowers desire that Agent and Lenders (i) waive the requirements set forth in
Section 5.9 of the Credit Agreement in connection with the purchase of the New Real Estate and (ii)
amend the Credit Agreement in certain respects;

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

     1. Waiver. Subject to the satisfaction of the conditions set forth in Section 3
below, and in reliance on the representations and warranties set forth in Section 5 below, Agent
and the undersigned Lenders hereby waive Credit Parties’ compliance with the requirements set forth
in Section 5.9 of the Credit Agreement in connection with OpCoB’s acquisition of a fee ownership
interest in the New Real Estate; provided, that, Credit Parties

 

 

hereby agree that upon Agent’s request at any time after the earlier of the occurrence of an
Event of Default (whether or not such Event of Default is subsequently cured or waived) or such
time that the outstanding principal amount of the aggregate Revolving Loan and Swing Line Loans
exceeds $5,000,000, Credit Parties shall provide to Agent a mortgage or deed of trust (in the form
provided by Agent) granting Agent a first priority Lien on the New Real Estate, together with (as
soon as reasonably practicable) environmental audits, mortgage title insurance commitment, real
property survey, local counsel opinion(s), and, if required by Agent, supplemental casualty
insurance and flood insurance, and such other documents, instruments or agreements reasonably
requested by Agent, in each case, in form and substance reasonably satisfactory to Agent. The
foregoing waiver is a limited waiver, which shall be effective only with respect to the specific
facts set forth above. Such limited waiver shall not be deemed to constitute a consent or waiver
of any other term, provision or condition of the Credit Agreement or to prejudice any right or
remedy that Agent or Lenders may now have or may have in the future under or in connection with any
of the Loan Documents.

     2. Amendment. Subject to the satisfaction of the conditions set forth in Section 3
below, and in reliance on the representations and warranties set forth in Section 5 below, the
Credit Agreement is hereby amended as follows:

     (a) The following new defined term is hereby added to Annex A to the Credit Agreement
in its respective alphabetical order:

     “DOJ Settlement” means the settlement for an aggregate amount not to
exceed $13,000,000 of the United States Department of Justice’s civil investigation
focused primarily on patient admission, retention and discharge practices of the
Credit Parties.

     (b) The defined term “Material Adverse Effect” is hereby amended by adding a new
sentence at the end thereof as follows:

Notwithstanding the foregoing, the incurrence of Indebtedness in an aggregate amount
not to exceed $13,000,000 arising pursuant to the DOJ Settlement shall not
constitute a Material Adverse Effect.

     (c) Section 6.3 of the Credit Agreement is amended by deleting the word “and” at the
end of clause (vi), deleting the period and adding a comma and the word “and” at the end of
clause (vii) and by adding a new clause (viii) thereto as follows:

     “(viii) Indebtedness to the United States arising pursuant to the DOJ
Settlement.”

     (d) Annex E to the Credit Agreement is amended by adding a new clause (l) thereto as
follows:

     (l) DOJ Settlement. To Agent, promptly upon execution thereof, fully
executed copies of any settlement agreement, corporate integrity

-2-

 

agreement or other material document evidencing the Indebtedness permitted
under Section 6.3(viii) or otherwise executed in connection with the DOJ Settlement.

     3. Conditions. The effectiveness of this Waiver is subject to the satisfaction of the
following conditions precedent or concurrent:

     (a) Agent shall have received this Amendment executed by Borrowers and the
Requisite Lenders; and

     (b) No Default or Event of Default shall have occurred and be continuing, both
before and after giving effect to the provisions of this Waiver.

     4. References; Effectiveness. Agent, Lenders and Borrowers hereby agree that, upon
the effectiveness of this Waiver, all references to the Credit Agreement which are contained in any
of the other Loan Documents shall refer to the Credit Agreement as modified by this Waiver.

     5. Representations and Warranties. To induce Lenders to enter into this Waiver, each
Borrower hereby represents and warrants to Lenders that:

     (a) All representations and warranties contained in the Credit Agreement are
true and correct in all material respects on and as of the date of this Waiver, in
each case as if then made, other than representations and warranties that expressly
relate solely to an earlier date (in which case such representations and warranties
remain true and accurate on and as of such earlier date);

     (b) This Waiver constitutes the legal, valid and binding obligation of such
Borrower and is enforceable against such Borrower in accordance with its terms;

     (c) There is no Default or Event Default in existence and none would result
from the consummation of the transactions described in, and the subject of, this
Waiver; and

     (d) The execution and delivery by each Borrower of this Waiver does not require
the consent or approval of any person or entity, except such consents and approvals
as have been obtained.

     6. Counterparts. This Waiver may be executed in any number of counterparts and by the
different parties on separate counterparts, and each such counterpart shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same Waiver.

-3-

 

     7. Continued Effectiveness. Except as modified hereby, the Credit Agreement and each
of the Loan Documents shall continue in full force and effect according to its terms and each such
Loan Document is hereby ratified in all respects.

[Signature page follows]

-4-

 

             IN WITNESS WHEREOF, this Waiver has been executed as of the day and year first written above.

	 	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION,
	 	 	as Agent and sole Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ John Daly
	 	 	 	 	 
	 	 	Name:	 	John Daly
	 	 	Title:	 	Duly Authorized Signatory
	 
	 	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE OPERATING A, LP
	 
	 	 	 	 	 	 
	 	 	By:	 	Odyssey HealthCare GP, LLC
	 	 	Its:	 	General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Douglas B. Cannon
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Douglas B. Cannon
	 

	 	 	 	Title:
	 	Senior Vice President and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE OPERATING B, LP
	 
	 	 	 	 	 	 
	 	 	By:	 	Odyssey HealthCare GP, LLC
	 	 	Its:	 	General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Douglas B. Cannon
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Douglas B. Cannon
	 

	 	 	 	Title:
	 	Senior Vice President and Chief
Financial Officer
	 
	 	 	 	 	 	 
	 	 	HOSPICE OF THE PALM COAST, INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Douglas B. Cannon
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Douglas B. Cannon
	 

	 	 	 	Title:
	 	Senior Vice President and Chief Financial Officer

-5-

 

	 	 	 	 	 	 	 
	 	 	CREDIT PARTIES:
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE, INC.
	 
	 	 	 	 	 	 
	 	 	By	 	/s/ Douglas B. Cannon
	 	 	 	 	 
	 	 	Name:	 	Douglas B. Cannon
	 	 	Its:	 	Senior Vice President and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE HOLDING COMPANY
	 
	 	 	 	 	 	 
	 	 	By	 	/s/ Douglas B. Cannon
	 	 	 	 	 
	 	 	Name:	 	Douglas B. Cannon
	 	 	Its:	 	Senior Vice President and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE GP, LLC
	 
	 	 	 	 	 	 
	 	 	By	 	/s/ Douglas B. Cannon
	 	 	 	 	 
	 	 	Name:	 	Douglas B. Cannon
	 	 	Its:	 	Senior Vice President and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE LP, LLC
	 
	 	 	 	 	 	 
	 	 	By	 	/s/ Jean M. Hunn
	 	 	Name:	 	Jean Hunn
	 	 	Its:	 	Manager
	 
	 	 	 	 	 	 
	 	 	ODYSSEY HEALTHCARE MANAGEMENT LP
	 
	 	 	 	 	 	 
	 	 	By:	 	Odyssey HealthCare GP, LLC
	 	 	Its:	 	General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Douglas B. Cannon
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Douglas B. Cannon
	 

	 	 	 	Title:
	 	Senior Vice President and Chief
	 

	 	 	 	 	 	Financial Officer

-6-

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