Document:

exv10w3

Exhibit 10.3

AGREEMENT TO JOIN THE

VOTING AND STANDSTILL AGREEMENT

The Dove Foundation (the “Trust”) hereby acknowledges and agrees to join and be bound by all of the
terms and conditions, benefits, and restrictions, other than Article VIII (which relates to the
Preferred Call), of the Voting and Standstill Agreement dated March 19, 2010, between United
American Healthcare Corporation (the “Company”) and St. George Investments, LLC, as amended by the
Amendment to Voting and Standstill Agreement dated June 7, 2010, with respect to all shares of the
Company’s common stock that the Trust shall now or hereafter own.

IN WITNESS WHEREOF, the undersigned has executed this Agreement as of June 7, 2010, at 3:00 p.m.
Central Daylight Time.

	 	 	 	 	 
	 	ACKNOWLEDGED AND AGREED 	 
	 	 	 
	 	The Dove Foundation

 	 
	 	By:  	/s/ James M. Delahunt, as Trustee
 	 
	 	 	James M. Delahunt, Esq., Trustee 	 
	 	 	 	 
	 

ACKNOWLEDGED AND ACCEPTED

COMPANY:

United American Healthcare Corporation

	 	 	 	 	 

	By:

	 	/s/ William C. Brooks	 	 
	 

	 	William C. Brooks, President and 

Chief Executive Officer	 	 

ST. GEORGE:

St. George Investments, LLC

By: Fife Trading, Inc., its Manager

	 	 	 	 	 

	By:

	 	/s/ John M. Fife	 	 
	 

	 	John M. Fife, Presidentexv10w4

Exhibit 10.4

ACKNOWLEDGMENT AND WAIVER OF

CERTAIN PROVISIONS OF THE VOTING AND STANDSTILL AGREEMENT.

     Reference is made to that certain Voting and Standstill Agreement (the “Voting and Standstill
Agreement”) made and entered into as March 19, 2010, between United American Healthcare
Corporation, a Michigan corporation (“UAHC”) and St. George Investments, LLC, an Illinois limited
liability company (“St. George”) as amended by that certain Amendment to Voting and Standstill
Agreement executed June 7, 2010 by UAHC and St. George and by that certain Agreement to Join the
Voting and Standstill Agreement, executed June 7, 2010, by The Dove Foundation, an Illinois trust
(the “Dove Foundation”), and acknowledged and accepted by UAHC and St. George.

     Reference is also made to that certain Securities Purchase Agreement by and among certain
members of Pulse Systems, LLC, a Delaware limited liability company (“Pulse”) and UAHC pursuant to
which UAHC is acquiring all of the common units of Pulse (the “Acquisition”).

     The parties acknowledge that, but for this Acknowledgment and Waiver, the Acquisition would be
considered a “Triggering Event” under the Voting and Standstill Agreement; however, by executing
this Acknowledgement and Waiver, each of UAHC, St. George and The Dove Foundation agrees that the
Acquisition shall not be considered a “Triggering Event” under the Voting and Standstill Agreement
notwithstanding the language of the Voting and Standstill Agreement.

Signatures on the Following Page

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     In Witness Whereof, each of the undersigned has caused this Acknowledgment
and Waiver to be executed intending it to take effect as an instrument effective as
of June 18, 2010. This Acknowledgment and Waiver may be executed in one or more
counterparts and by facsimile, each of which shall constitute an original, and all
of which together shall constitute one and the same instrument.

	 	 	 	 	 	 	 	 	 	 	 

	UNITED AMERICAN HEALTHCARE CORPORATION	 	 	 	ST. GEORGE INVESTMENT, LLC,	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	FIFE TRADING, INC., its Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ William C. Brooks
 

Name: William C. Brooks
	 	 
	 	By:
	 	/s/ John M. Fife
 

Name: John M. Fife, President
	 	 
	 

	 	Title: President and Chief Executive Officer	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	THE DOVE FOUNDATION	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ James M. Delahunt
 

Name: James M. Delahunt, as Trustee
	 	 	 	 	 	 	 	 

SExhibit 10.1

Exhibit 10.1

	 	 	 
	 

	 	
	 
	 	 
	 

	 	Deutsche Bank AG, London Branch
	 

	 	Winchester house
	 

	 	1 Great Winchester St, London EC2N 2DB
	 

	 	Telephone: 44 20 7545 8000
	 
	 	 
	 

	 	c/o Deutsche Bank Securities Inc.
	 

	 	60 Wall Street
	 

	 	New York, NY 10005
	 

	 	Telephone: 212-250-2500
	 
	 	 
	 

	 	Internal Reference: 206114

TERMINATION AGREEMENT

June 18, 2010

Endurance Specialty Holdings Ltd. (“Counterparty”)

Wellesley House, 90 Pitts Bay Road

Pembroke HM 08, Bermuda

Attn: Michael J. McGuire, Chief Financial Officer

Tel: (441) 278-0943

Fax: (441) 278-0493

Re: Termination of Share Forward Transaction

Reference is made to the share forward transaction (the “Transaction”), as evidenced
by the confirmation (the “Confirmation”), dated September 10, 2007, by and between Deutsche
Bank AG, London Branch (“Dealer”), Deutsche Bank Securities Inc., as agent,
(“Agent”) and Counterparty. Capitalized terms used herein but not otherwise defined shall
have the meanings assigned to them in the Confirmation.

This communication (the “Termination Agreement”) confirms the parties’ agreement on
the date hereof to unwind and terminate the Transaction (the “Termination”) pursuant to
Section 3 of the Confirmation and on the terms set forth in this Termination Agreement,
notwithstanding any provisions in the Confirmation to the contrary.

DEUTSCHE BANK AG, LONDON BRANCH IS NOT REGISTERED AS A BROKER OR DEALER UNDER THE U.S.
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. DEUTSCHE BANK SECURITIES INC. HAS ACTED SOLELY AS
AGENT IN CONNECTION WITH THE TRANSACTION AND HAS NO OBLIGATION, BY WAY OF ISSUANCE, ENDORSEMENT,
GUARANTEE OR OTHERWISE WITH RESPECT TO THE PERFORMANCE OF EITHER PARTY UNDER THE TRANSACTION. AS
SUCH, ALL DELIVERY OF FUNDS, ASSETS, NOTICES, DEMANDS AND COMMUNICATIONS OF ANY KIND RELATING TO
THIS TRANSACTION BETWEEN DEUTSCHE BANK AG, LONDON BRANCH, AND COUNTERPARTY SHALL BE TRANSMITTED
EXCLUSIVELY THROUGH DEUTSCHE BANK SECURITIES INC. DEUTSCHE BANK AG, LONDON
BRANCH IS NOT A MEMBER OF THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC).

	 	 	 
	Chairman of the Supervisory Board: Clemens Börsig

Management Board: Josef Ackermann (Chairman), Hugo
Bänziger, Michael Cohrs, Jürgen Fitschen, Anshuman
Jain, Stefan Krause, Hermann-Josef Lamberti,
Rainer Neske

	 	Deutsche Bank AG is
authorised under German
Banking Law (competent
authority: BaFin – Federal
Financial Supervising
Authority) and regulated by
the Financial Services
Authority for the conduct of
UK business; a member of the
London Stock Exchange.
Deutsche Bank AG is a joint
stock corporation with
limited liability
incorporated in the Federal
Republic of Germany HRB No.
30 000 District Court of
Frankfurt am Main; Branch
Registration in England and
Wales BR000005; Registered
address: Winchester House, 1
Great Winchester Street,
London EC2N 2DB. Deutsche
Bank Group online:
	 

	 	http://www.deutsche-bank.com

 

 

 

1. Termination of the Transaction.

(a) If the Termination Amount is (i) positive, then Dealer shall pay the Termination Amount to
Counterparty or (ii) negative, then Counterparty shall pay the absolute value of the Termination
Amount to Dealer, in each case in immediately available funds prior to the closing time of the
settlement systems for USD-denominated fund transfers in the United States occurring on the first
day on which such settlement systems are open and operating following the Valuation Completion Date
(such first day, the “Termination Payment Date”). On or prior to the Termination Payment
Date, Counterparty shall not be entitled to designate a Prepayment Date for any Component. In the
event that the Termination Amount is zero, the Termination Amount shall be deemed to have been paid
for purposes of Section 1(b) below.

(b) The parties hereby agree that, upon and by virtue of payment of the Termination Amount pursuant
to Section 1(a) above, all rights, duties and obligations (whether current, future, actual or
contingent) of Dealer, Agent and Counterparty under or relating to the Transaction with respect to
the Terminated Components (or portions thereof) shall be fully discharged and the remaining
Components (or remaining portions of Components) shall continue in accordance with the terms
provided in the Confirmation. In the event that the entire amount of all Components are Terminated
Components, the parties hereby agree that, upon and by virtue of payment of the Termination Amount
pursuant to Section 1(a) above, all rights, duties and obligations (whether current, future, actual
or contingent) of Dealer, Agent and Counterparty under or relating to the Transaction in its
entirety shall be fully discharged.

2. Determination of Termination Amount.

(a) The “Termination Amount” shall, subject to Sections 2(c) and 2(d) below, be the amount
determined by reference to the table provided in Exhibit A hereto based on the Valuation
Period Reference Price. If the actual Valuation Period Reference Price is between two Valuation
Period Reference Prices listed on the table provided in Exhibit A, the Termination Amount
shall be determined by the Calculation Agent by a straight-line interpolation between the amounts
set forth with respect to such two Valuation Period Reference Prices on the table provided in
Exhibit A. If the actual Valuation Period Reference Price is above the highest, or below
the lowest, Valuation Period Reference Prices listed on the table provided in Exhibit A,
the Termination Amount shall be determined by the Calculation Agent by a straight-line
extrapolation from the two closest amounts set forth on the table provided in Exhibit A.
For the avoidance of doubt, the provisions of the Confirmation relating to Extraordinary Events and
Dividend Adjustments shall continue to apply during the Valuation Period, except that any
adjustments by the Calculation Agent, acting in good faith and in a commercially reasonable manner,
shall be made to the table provided in Exhibit A.

(b) The “Valuation Period” shall be the period from and including June 18, 2010 to and
including June 23, 2010 (the “Valuation Completion Date”), subject to Section 2(c) below.
On each Exchange Business Day in the Valuation Period on which the Relevant Price is less than
USD40.00 (such days, “Termination Days”), ten
Components listed on the table attached as Annex A to the Confirmation will be terminated
(such components, the “Terminated Components”) in the order indicated in Exhibit B,
subject to Section 2(c) below; provided that for each Exchange Business Day during the
Valuation Period on which the Relevant Price is equal to or greater than USD40.00, the Calculation
Agent may, in its good faith and commercially reasonable discretion, postpone the Valuation
Completion Date by one Exchange Business Day; provided, further, that
notwithstanding anything herein to the contrary, the Valuation Completion Date shall not be
postponed beyond June 25, 2010. The “Relevant Price” on each Exchange Business Day shall
be the market center official open price per Share for such Exchange Business Day as announced by
the Exchange or, if such price is not available for any reason, as reasonably determined by the
Calculation Agent. The “Valuation Period Reference Price” shall be the average of the
10b-18 VWAP Prices on each Termination Day, subject to Section 2(c) below. The “10b-18 VWAP
Price” on any Exchange Business Day shall be the Rule 10b-18 volume-weighted average price per
Share for such Exchange Business Day as displayed under the heading “Bloomberg VWAP” on Bloomberg
page “ENH.N <equity> AQR SEC” (or any successor page thereto) or, if such price is not
available for any reason, as reasonably determined by the Calculation Agent.

 

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(c) Notwithstanding anything to the contrary in the 2002 Definitions, for each Disrupted Day that
occurs during the Valuation Period, the Calculation Agent may, in its good faith and commercially
reasonable discretion, postpone the Valuation Completion Date by one Exchange Business Day;
provided that notwithstanding anything herein to the contrary, the Valuation Completion
Date shall not be postponed beyond June 25, 2010. If any such Disrupted Day is a Disrupted Day
because of a Market Disruption Event, the Calculation Agent shall determine whether (i) such
Disrupted Day is a Disrupted Day in full, in which case the 10b-18 VWAP Price for such Disrupted
Day shall not be included for purposes of determining the Valuation Period Reference Price and no
Components shall be terminated on such Disrupted Day or (ii) such Disrupted Day is a Disrupted Day
only in part, in which case the Calculation Agent shall adjust Exhibit B in a commercially
reasonably manner to reflect the postponement of all or a portion of any Components for which such
Disrupted Day would otherwise be a Termination Day, the 10b-18 VWAP Price for such Disrupted Day
shall be determined by the Calculation Agent based on Rule 10b-18 eligible transactions in the
Shares on such Disrupted Day effected before the relevant Market Disruption Event occurred and/or
after the relevant Market Disruption Event ended, and the weighting of the 10b-18 VWAP Price for
the relevant Exchange Business Days during the Valuation Period shall be adjusted in a commercially
reasonable manner by the Calculation Agent for purposes of determining the Valuation Period
Reference Price with such adjustments based on, among other factors, the adjustments made to
Exhibit B described above, the duration of any Market Disruption Event and the volume,
historical trading patterns and price of the Shares.

(d) If the number of Terminated Components (with partial Terminated Components expressed as a
decimal) is fewer than forty, the Calculation Agent shall multiply each of the Termination Amounts
listed on the table provided in Exhibit A by a fraction in which the numerator is the
number of Terminated Components (with partial Terminated Components expressed as a decimal) and the
denominator is forty.

3. Representations, Warranties and Agreements.

	(a)	 	Each party represents and warrants to each other party that:

(i) it is duly organized and validly existing under the laws of the jurisdiction of its
organization or incorporation and, if relevant under such laws, in good standing;

(ii) it has the power to execute this Termination Agreement and any other documentation
relating to this Termination Agreement to which it is expressed to be a party, to deliver
this Termination Agreement and any other documentation relating to this Termination
Agreement that it is required by this Termination Agreement to deliver and to perform its
obligations under this Termination Agreement and has taken all necessary action to authorize
such execution, delivery and performance;

(iii) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of
any court or other agency of government applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets;

(iv) all governmental and other consents that are required to have been obtained by it with
respect to this Termination Agreement have been obtained and are in full force and effect
and all conditions of any such consents have been complied with; and

(v) its obligations under this Termination Agreement constitute its legal, valid and binding
obligations, enforceable in accordance with their respective terms (subject to applicable
bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’
rights generally and subject, as to enforceability, to equitable principles of general
application (regardless of whether enforcement is sought in a proceeding in equity or at
law)).

	(b)	 	Counterparty represents and warrants to each other party that:

(i) (A) Counterparty is not aware of any material nonpublic information regarding
Counterparty or the Shares and (B) each of Counterparty’s filings under the Securities Act,
the Exchange Act or other applicable securities laws that are required to be filed since
January 1, 2009 have been filed and that, as of the date of this representation, there is no
misstatement of material fact contained therein or omission of a material fact required to
be stated therein or necessary to make the statements made therein, in the light of the
circumstances under which they were made, not misleading;

 

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(ii) it is not entering into this Termination Agreement to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for Shares) or to
raise or depress or otherwise manipulate the price of the Shares (or any security
convertible into or exchangeable for Shares);

(iii) it is entering into this Termination Agreement in good faith, not as part of a plan or
scheme to evade the prohibitions of Rule 10b-5 under the Exchange Act, and it has not
entered into or altered and will not enter into or alter any hedging transaction related to
the Shares corresponding to or offsetting this Termination Agreement;

(iv) neither it nor any of its “affiliates” or “affiliated purchasers” (each as defined in
Rule 10b-18 under the Exchange Act (“Rule 10b-18”) has purchased any Shares pursuant
to the once-a-week block exception set forth in Rule 10b-18(b)(4) under the Exchange Act
during the four calendar weeks preceding the date hereof and during the week in which the
date hereof occurs;

(v) during the Valuation Period, neither Counterparty nor any “affiliate” or “affiliated
purchaser” (each as defined in Rule 10b-18) of Counterparty shall directly or indirectly
(including, without limitation, by means of any derivative instrument) purchase, offer to
purchase, place any bid or limit order that would effect a purchase of, or commence any
tender offer relating to, the Shares (or any security convertible into or exchangeable or
exercisable for Shares); and

(vi) it is as of the date hereof, and as of any date on which Counterparty makes a payment
to Dealer in connection with this Termination Agreement, solvent and able to pay its debts
as they come due, with assets having a fair value greater than liabilities and with capital
sufficient to carry on the business in which it engages.

4. Waiver of Trial by Jury. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND,
TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE)
ARISING OUT OF OR RELATING TO THIS TERMINATION AGREEMENT OR THE ACTIONS OF THE PARTIES OR THEIR
RESPECTIVE AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT HEREOF.

5. Confidentiality. The parties agree that this Termination Agreement, its contents (including
the payment referred to above), the discussions and negotiations between the parties relating
thereto and all letters, confirmations or other documents relating to the same (the
“Confidential Information”) constitute information that is confidential to the
parties. Accordingly, each of the parties shall hold the Confidential Information in strictest
confidence and will not use or disclose to anyone any Confidential Information, except to the
extent required by law or as a result of an order of any court of competent jurisdiction or any
other government agency or regulatory authority, to the parties’ attorneys, auditors or regulators
as deemed necessary or appropriate, or to any and all persons, without limitation of any kind, as
to the tax treatment and tax structure of the Transaction and all materials of any kind (including
opinions or other tax analyses) that are provided to Counterparty relating to such treatment and
tax structure.

6. Governing Law; Jurisdiction. THIS TERMINATION AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES). WITH RESPECT TO ANY SUIT,
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS TERMINATION AGREEMENT (EACH, A
“PROCEEDING”), EACH OF THE PARTIES IRREVOCABLY AND UNCONDITIONALLY (I) SUBMITS TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES DISTRICT COURT
LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY AND (II) WAIVES ANY OBJECTION WHICH IT MAY
HAVE AT ANY TIME TO THE LAYING OF VENUE OF ANY PROCEEDINGS BROUGHT IN ANY SUCH COURT, WAIVES ANY
CLAIMS THAT SUCH PROCEEDINGS HAVE BEEN BROUGHT IN AN INCONVENIENT FORUM AND FURTHER WAIVES THE
RIGHT TO OBJECT, WITH RESPECT TO SUCH PROCEEDINGS, THAT SUCH COURT DOES NOT HAVE ANY JURISDICTION
OVER SUCH PARTY. FOR SERVICE OF PROCESS IN ANY PROCEEDINGS, THE COUNTERPARTY APPOINTS CT
CORPORATION SYSTEM IN NEW YORK CITY AS ITS PROCESS AGENT.

 

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7. Miscellaneous.

(a) This Termination Agreement constitutes the entire agreement and understanding of the parties
with respect to the subject matter and the terms hereof. All prior discussions and agreements
between the parties are merged herein. This Termination Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if all of the signatures
thereto and hereto were upon the same instrument.

(b) This Termination Agreement is to be deemed to have been jointly prepared by the parties, and
any uncertainty or ambiguity in it shall not be interpreted against any of the parties by virtue of
such party having drafted this Termination Agreement.

(c) Whenever delivery of funds or other assets is required hereunder by or to Counterparty, such
delivery shall be effected through Agent. In addition, all notices, demands and communications of
any kind relating to the Transaction between Dealer and Counterparty shall be transmitted
exclusively through Agent.

(d) No amendment, modification or waiver in respect of this Termination Agreement will be effective
unless in writing (including a writing evidenced by a facsimile transmission) and executed by each
of the parties or confirmed by an exchange of telexes or electronic messages on an electronic
messaging system.

 

5

 

	 	 	 
	 

	 	
	 
	 	 
	 

	 	Deutsche Bank AG, London Branch
	 

	 	Winchester house
	 

	 	1 Great Winchester St, London EC2N 2DB
	 

	 	Telephone: 44 20 7545 8000
	 
	 	 
	 

	 	c/o Deutsche Bank Securities Inc.
	 

	 	60 Wall Street
	 

	 	New York, NY 10005
	 

	 	Telephone: 212-250-2500
	 
	 	 
	 

	 	Internal Reference: 206114

Please confirm that the foregoing correctly sets forth the terms of our agreement by sending
to us a letter or telex substantially similar to this facsimile, which letter or telex sets forth
the material terms of the Transaction to which this Confirmation relates and indicates your
agreement to those terms. Dealer will make the time of execution of the Transaction available upon
request.

Dealer is regulated by the Financial Services Authority.

	 	 	 	 	 
	DEUTSCHE BANK AG, LONDON BRANCH	 	 
	 
	 	 	 	 
	By:

	 	/s/ Michael Sanderson
 

Name: Michael Sanderson
	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	By:

	 	/s/ Lars Kestner
 

Name: Lars Kestner
	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	DEUTSCHE BANK SECURITIES INC.,

acting solely as Agent in connection with the Transaction	 	 
	 
	 	 	 	 
	By:

	 	/s/ Michael Sanderson
 

Name: Michael Sanderson
	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	By:

	 	/s/ Lars Kestner
 

Name: Lars Kestner
	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	Confirmed and Acknowledged as of the date first above written:	 	 
	 
	 	 	 	 
	ENDURANCE SPECIALTY HOLDINGS LTD.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Michael J. McGuire
 

Name: Michael J. McGuire
	 	 
	 

	 	Title: Chief Financial Officer

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