Document:

EX-10.29

 Exhibit 10.29 
 TERMINATION AGREEMENT 
 THIS TERMINATION AGREEMENT (this
“Agreement”) is made and entered into as of November 1, 2011 by and between Waud Capital Partners, L.L.C., a Delaware limited liability company (“WCP”), and Acadia Healthcare Company, Inc., a Delaware
corporation, and its affiliates (the “Company”). Capitalized terms used and not otherwise defined herein have the meanings set forth in the Professional Services Agreement (as defined below). 

WHEREAS, WCP and the Company are party to that certain Professional Services Agreement, dated as of April 1, 2011 (the
“Professional Services Agreement”); 
 WHEREAS, the Company is party to an Agreement and Plan of Merger, dated
as of May 23, 2011 (the “Merger Agreement”), pursuant to which, among other things, PHC, Inc., a Massachusetts corporation, will merge with and into Acadia Merger Sub, LLC, a Delaware limited liability company and
wholly-owned subsidiary of the Company (“Merger Sub”), with Merger Sub surviving as the surviving corporation in such merger (the “Merger”); and 

WHEREAS, WCP and the Company have agreed to terminate the Professional Services Agreement effective as of the effective time of the
Merger in exchange for a cash termination fee to be payable upon consummation of the Merger. 
 NOW, THEREFORE, the parties
hereto, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, hereby agree as follows: 

1. Termination of Professional Services Agreement; Termination Fee. Notwithstanding anything to the contrary contained in the
Professional Services Agreement, WCP and the Company agree that (a) upon consummation of the Merger, WCP shall be entitled to receive (i) an M&A transaction fee in the amount of $1,615,000 (the “M&A Fee”),
(ii) a financing fee in the amount of $2,750,000 (the “Financing Fee”), (iii) a sale transaction fee in the amount of $6,194,000 (the “Sale Fee”), and (iv) in exchange for its agreement hereunder to
terminate the Professional Services Agreement prior to the expiration of its term, the Company shall pay to WCP a termination fee in the aggregate amount of $10,000,000 (the “Termination Fee” and, collectively with the M&A Fee,
the Financing Fee and the Sale Fee, the “Transaction Fees”), as follows: $2,500,000 in respect of foregone Advisory Fees, $2,500,000 in respect of foregone M&A transaction fees, $2,500,000 in respect of foregone financing fees
and $2,500,000 in respect of foregone sale fees, (b) upon consummation of the Merger and receipt by WCP of all Transaction Fees payable hereunder, the Professional Services Agreement shall terminate automatically effective for all purposes and
shall have no further force or effect and none of the parties thereto shall have any rights, obligations or liabilities thereunder or with respect thereto. All Transaction Fees payable hereunder shall be paid to WCP on the date on which the Merger
is consummated by wire transfer of immediately available to an account or accounts designated by WCP to the Company. 
 2.
Complete Agreement; Successors and Assigns. This Agreement embodies the complete agreement and understanding among the parties hereto and supersedes and preempts any prior understandings, agreements or representations by or among the parties
hereto, written or oral, which may have related to the subject matter hereof in any way. This Agreement is intended to bind, inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. 

3. Counterparts; Governing Law. This Agreement may be executed in two or more counterparts (including by means of facsimile or
other electronic transmission), each of which shall be deemed to be an original and all of which shall constitute the same instrument. This Agreement shall be governed by the laws of the State of Delaware, without giving effect to conflict of laws
provisions. 
 ***** 

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

			
	WAUD CAPITAL PARTNERS, L.L.C.
		
	By:	 	/s/ Reeve B. Waud
	Name:	 	Reeve B. Waud
	Its:	 	Managing Partner

  

			
	ACADIA HEALTHCARE COMPANY, INC.
		
	By:	 	/s/ Christopher Howard
	Name:	 	Christopher Howard
	Its:	 	Executive Vice President
		 	General Counsel and SecretaryForm of Subscription Rights Certificate

 Exhibit 4.1 
 

 
 NNNNNNNNNNNN + 
 Computershare Trust Company, N.A. 
 250 Royall
Street 
 Canton Massachusetts 02021 
 Information Agent: 
 Georgeson 

MR A SAMPLE Telephone 866 828 4304 
 DESIGNATION (IF ANY) 
 ADD 1 

ADD 2 
 ADD 3 
 ADD 4 NNNNNN 

ADD 5 
 NNNNNNNNN (ADD)6 C 1234567890 J N T 
 NNNNNN

 Primary Subscription 12345678901234 
 Rights 
 TAYLOR CAPITAL GROUP, INC. SUBSCRIPTION
RIGHTS OFFERING 
 THIS SUBSCRIPTION RIGHTS OFFERING EXPIRES AT 5:00 PM, EASTERN TIME, ON DECEMBER 14, 2011,
UNLESS THE SUBSCRIPTION PERIOD IS 
 EXTENDED (SUCH DATE AND TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION
DATE”). 
 Taylor Capital Group, Inc. has distributed to each holder of its Eligible Securities owned as of
record (each an “Eligible Holder”) at 5:00 pm Eastern Time on November 21, 2011 (the “Record 

Date”), at no charge, one non-transferable right (each, a “Subscription Right”), for each share of Common
Stock or Common Stock Equivalent held, on an as-converted basis, as of the Record 
 Date, to purchase 0.1671
shares of common stock of Taylor Capital Group, Inc. at $7.91 per full share (the “Basic Subscription Privilege”). Each Subscription Right entitles an Eligible Holder who 

fully exercises its Basic Subscription Privilege to subscribe, prior to the Expiration Date, for additional shares of
common stock of Taylor Capital Group, Inc. at a subscription price of $7.91 per full 
 share to the extent that
any shares are not purchased by other Eligible Holders under their Basic Subscription Privileges as of the Expiration Date (the “Oversubscription Privilege”). The terms 

and conditions of the Subscription Rights offering are set forth in Taylor Capital Group, Inc.’s Prospectus
Supplement dated November 23, 2011, to the Prospectus, dated January 26, 2011 (as it 
 may be amended or
supplemented, the “Prospectus”), which is incorporated into this Subscription Rights Certificate by reference. Capitalized terms used but not defined herein have the meanings 

set forth in the Prospectus. The owner of this certificate is entitled to the number of Subscription Rights, and is
entitled to exercise the Subscription Rights, shown on this Subscription 
 Rights Certificate. 

THE SUBSCRIPTION RIGHTS ARE NON-TRANSFERABLE 
 The Subscription Rights are non-transferable. The Subscription Rights will not be listed on any securities exchange or quoted on any automated quotation system. Taylor Capital Group, Inc.
cannot 
 assure you that the shares of common stock of Taylor Capital Group, Inc. issued in respect of exercised
Subscription Rights will ever be listed on the Nasdaq Global Select Market or any other 
 securities exchange or
quotation system. 
 SUBSCRIPTION PRICE 
 The exercise price for the Basic Subscription Privilege and the Oversubscription Privilege is $7.91 per full share. Subscription Rights cannot be exercised for fractional shares of common
stock of 
 Taylor Capital Group, Inc. 
 METHOD OF EXERCISE OF RIGHTS 
 IN ORDER TO EXERCISE
YOUR SUBSCRIPTION RIGHTS, YOU MUST PROPERLY COMPLETE AND SIGN THIS SUBSCRIPTION RIGHTS CERTIFICATE ON THE BACK AND RETURN 
 IT IN THE ENVELOPE PROVIDED TO COMPUTERSHARE TRUST COMPANY, N.A., TOGETHER WITH PAYMENT IN FULL FOR AN AMOUNT EQUAL TO THE APPLICABLE 

SUBSCRIPTION PRICE MULTIPLIED BY THE TOTAL NUMBER OF SHARES OF COMMON STOCK THAT YOU ARE REQUESTING TO PURCHASE TO THE
SUBSCRIPTION AGENT, 
 COMPUTERSHARE TRUST COMPANY, N.A., BEFORE 5:00 PM EASTERN TIME, ON DECEMBER 14, 2011.

 Holder ID COY Class Rights Qty Issued Rights Cert # 

123456789 XXXX Subscription Rights XXX.XXXXXX 12345678 

Signature of Owner and U.S. Person for Tax Certification Signature of Co-Owner (if more than one registered holder listed)
Date (mm/dd/yyyy) 
 1 2 3 4 5 6 7 8 C L S X R T 2 C O Y C 1 2 3 4 5 6 . 7 8 + 

001CD40015 01ECFC 

 

 
 Full payment of the subscription price for each share of common stock you wish to
purchase be must be made in U.S. dollars by (1) check drawn upon a U.S. bank payable to the Subscription Agent, or (2) cashier’s check drawn upon a U.S. bank or express money order payable to the Subscription Agent, in each case in accordance
with the “Instructions As To Use of Taylor Capital Group, Inc. Subscription Rights Certificate” that accompanied the mailing of the Prospectus. Notwithstanding the foregoing, Eligible Holders who hold Eligible Securities as a depository or
nominee must make all payments by wire transfer of immediately available funds to the account maintained by the Subscription Agent.Payments of the subscription price for the common stock will be held in an escrow account until all Funds submitted in
the Rights Offering have cleared, unless Taylor Capital Group, Inc. withdraws or terminates the Subscription Rights offering. No interest will be paid to you on the funds you deposit with the Subscription Agent. You will not receive any interest on
the payments held by the Subscription Agent before your shares have been issued to you or your payment is returned to you, without interest, because your exercise has not been satisfied for any reason.PLEASE PRINT ALL INFORMATION CLEARLY AND
LEGIBLYSECTION 1: OFFERING INSTRUCTIONS (check the appropriate boxes)IF YOU WISH TO SUBSCRIBE FOR YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS: *I apply for ALL of my entitlement of new shares x 0.1671 = x $7.91 = $ _________________ pursuant to the
Basic Subscription Privilege (no. of subscription rights) (no. of new shares) (per share) EXAMPLE: If you own 1,000 shares of common stock, your Basic Subscription Privilege permits the purchase of 167 shares.[1,000 purchase rights x 0.1671 = 167.1
with fractional shares rounded down to the nearest whole number].In addition, I apply for additional shares pursuant to the x $7.91 = $ _________________ Oversubscription Privilege** (no. of additional shares) (per share)IF YOU DO NOT WISH TO APPLY
FOR YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS: *I apply for x $7.91 = $ _________________ (no. of new shares) (per share) Amount of check or money order enclosed $ _________________IF YOU DO NOT WISH TO EXERCISE YOUR RIGHT TO SUBSCRIBE:Please
disregard this mailing.SECTION 2: SUBSCRIPTION AUTHORIZATION:I acknowledge that I have received the Prospectus for this offering of Subscription Rights and I hereby subscribe for the number of shares indicated above on the terms and conditions
specified in the Prospectus relating to the Basic Subscription Privilege and the Oversubscription Privilege in the Subscription Rights offering.Signature of Subscriber(s)(and address if different than that listed on this Subscription Rights
Certificate)Telephone number (including area code)* Holders of Series D Preferred and Series G Preferred have the contractual right to receive shares of a nonvoting Common Stock Equivalent rather than common stock upon the exercise of Subscription
Rights, and therefore will receive shares of Series G Preferred in lieu of any shares of common stock for which they subscribe. Holders of Series E Preferred have the contractual right, at their election, to receive shares of a nonvoting Common
Stock Equivalent rather than common stock upon the exercise of Subscription Rights. If you are a holder of Series D Preferred, Series E Preferred or Series G Preferred and would like further information regarding the nonvoting Common Stock
Equivalents you will, or may elect to, receive in lieu of shares of common stock, please contact the information agent, Georgeson, Inc., at (866) 828-4304.** You can only participate in the Oversubscription Privilege if you have subscribed for your
full entitlement of new shares pursuant to the Basic Subscription Privilege.Please complete all applicable information and return to: COMPUTERSHARE TRUST COMPANY, N.A.By First Class Mail: Computershare Trust Company, N.A., Corporate Actions
Voluntary Offer, P.O. Box 43011, Providence, RI 02940-3011By Express Mail or Overnight Delivery: Computershare Trust Company, N.A., Corporate Actions Voluntary Offer, 250 Royall Street, Suite V, Canton, MA 02021DELIVERY OF THIS SUBSCRIPTION RIGHTS
CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. Any questions regarding this Subscription Rights Certificate and Subscription Rights Offering may be directed to the Information Agent, Georgeson Inc.,
toll free at 866-828-4304 or 212-440-9800.

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