Document:

exv4w1

EXHIBIT 4.1

FIRST AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

          This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of October 7, 2008, by and among THERMADYNE INDUSTRIES, INC., a
Delaware corporation (“Industries”), THERMAL DYNAMICS CORPORATION, a Delaware corporation
(“Dynamics”), VICTOR EQUIPMENT COMPANY, a Delaware
corporation (“Victor”), C & G SYSTEMS,
INC., an Illinois corporation (“C & G”), STOODY COMPANY, a Delaware corporation
(“Stoody”). THERMADYNE INTERNATIONAL CORP., a Delaware corporation
(“International”, and collectively with Stoody, C & G, Victor, Dynamics and Industries, the
“Borrowers”), the other persons designated as Credit Parties on the signature pages hereof, GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“Agent”) and the Persons signatory
hereto as Lenders. Unless otherwise specified herein, capitalized terms used in this Amendment
shall have the meanings ascribed to them in Annex A to the Credit Agreement (as hereinafter
defined).

RECITALS

     WHEREAS, the Borrowers, the Credit Parties, Agent and Lenders have entered into that certain
Third Amended and Restated Credit Agreement dated as of June 29, 2007 (as further amended,
supplemented, restated or otherwise modified from time to time, the “Credit
Agreement”);

     WHEREAS, the Borrowers and the other Credit Parties have requested that Agent and Lenders
amend certain provisions of the Credit Agreement; and

     WHEREAS, the Agent and Lenders have agreed to amend the Credit Agreement as set forth herein.

     NOW THEREFORE, in consideration of the mutual execution hereof and other good and valuable
consideration, the parties hereto agree as follows:

1. Amendments to Credit Agreement. Subject to the satisfaction of the
conditions precedent set forth in Section 3 hereof, the parties hereto hereby agree to amend
the Credit Agreement as follows:

(a) Section 1.16 of the Credit Agreement is hereby amended and
restated by amending and restating clause (i) thereof to read in its entirety as
follows:

     “(i) that is the obligation of an Account Debtor located outside of the
United States, Puerto Rico or Canada unless payment thereof is assured by a letter
of credit assigned and delivered to Agent, reasonably satisfactory to Agent as to
form, amount and issuer; provided that Accounts owing to the Australian
Collateral Party by Account Debtors located in Australia and New Zealand and
Thermadyne International Corp. by Account Debtors located in the United Kingdom and
from European Account Debtors up to an aggregate maximum amount of $1,500,000 shall
not be subject to this Section 1.16(i);”

 

 

(b) Section 1.16 of the Credit Agreement is hereby amended and restated
by amending and restating clause (s) thereof to read in its entirety as follows:

     “(s) that is payable in any currency other than British Pounds Sterling, U.S.
Dollars or Euros or, in the case of the Australian Collateral Party, Australian Dollars;”

(c)
Section 1.17 of the Credit Agreement is hereby amended by deleting the word “or”
at the end of subsection (n), deleting the period at the end of
subsection (o) and inserting
the phrase “ or” in its place, and adding the following new clause (p):

     “(p) in the case of the Australian Collateral Party, which does not meet all
standards imposed by any Australian federal or state government authority, including
relating to its production, acquisition or importation for inventory located in Australia
or which does not consist of raw materials or finished good for inventory located in
Australia.”

(d) The
preamble of Section 2.2 is hereby amended and restated to read in its entirety as
follows:

     “2.2 Further Conditions to Each Loan and to the Release of Funds from the
Australian Blocked Account. Except as otherwise expressly provided herein, no Lender
shall be obligated to fund any Advance, convert or continue any Loan as a LIBOR Loan or
incur any Letter of Credit Obligation or release funds from the Australian Blocked Account,
if, as of the date thereof:”

(e) The final paragraph of Section 2.2 is hereby amended and restated to read in
its entirety as follows:

     “The request by any Borrower for an Advance, the issuance of any Letter of Credit
Obligations or the conversion or continuation of any Loan into, or as, a LIBOR Loan or the
release of funds from the Australian Blocked Account shall be deemed to constitute, as of
the date thereof, (i) a representation and warranty by Borrowers that the conditions in
this Section 2.2 have been satisfied and (ii) a reaffirmation by Borrowers of the
cross-guaranty provisions set forth in Section 12 and of the granting and continuance of
Agent’s Liens, on behalf of itself and Lenders, pursuant to the Collateral Documents. Each
request for release of funds from the Australian Blocked Account shall be made pursuant to
a Notice of Cash Collateral Release delivered to Agent or Agent’s designee by the
Australian Collateral Party and agreed to and acknowledged by the Borrower Representative,
substantially in the form of Exhibit 2.2. Any such notice by the Australian
Collateral Party must be given no later than 12:00 noon (Sydney, Australia time) on the
Business Day of the proposed release of funds.”

(f)
Section 6.2 is hereby amended and restated by amending and restating clause (i) thereof
to read in its entirety as follows:

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     “(i) any Borrower may make investments in, or create, any wholly-owned Foreign
Subsidiary, such that the aggregate amount of all investments in such direct Foreign
Subsidiaries funded after Closing Date shall not exceed $5,000,000 (exclusive of
investments permitted in clause (k) of this Section 6.2); provided that 65% of the stock of
such direct Foreign Subsidiary (except in that in the case of the Australian Collateral
Party, 100% of such stock) shall be pledged to secure the Obligations; provided further
that to the extent a portion of the $5,000,000 basket amount is invested in Thermadyne
Victor Ltda. that portion of the basket amount may be restored to the extent of cash
received by any Borrower constituting proceeds of the sale of assets or stock of Thermadyne
Victor Ltda.;”

(g) Section 8.1 is hereby amended and restated by amending and restating clause (h)
thereof to read in its entirety as follows:

     “(h) (i) A case or proceeding is commenced or petition or other filing is made
against any Credit Party seeking a decree or order in respect of such Credit Party (x)
under the Bankruptcy Code, or any other applicable federal, state or foreign bankruptcy or
other similar law, (y) appointing a custodian, receiver, receiver or manager,
administrative receiver, administrator examiner, trustee, supervisor, compulsory or interim
manager, liquidator, assignee, trustee or sequestrator (or similar official) for such
Credit Party or for any substantial part of any such Credit Party’s assets, or (z) ordering
the winding up, liquidation, bankruptcy, dissolution, administration, examination or
reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise) of the
affairs of such Credit Party, and such case or proceeding shall remain undismissed or
unstayed for sixty (60) days or more or a decree or order granting the relief sought in
such case or proceeding is granted by a court of competent jurisdiction; or (ii) the
Australian Collateral Party becomes an insolvent under administration or insolvent (each as
defined in the Corporations Act 2001 (Commonwealth)), or has a controller appointed, or is
in receivership, in receivership and management, in liquidation, in provisional
liquidation, under administration or composition, protected from creditors under any
statute, dissolved (other than to carry out a reconstruction while solvent) or is otherwise
unable to pay debts when they fall due or has something similar happen.”

(h) Section 11.18 is hereby amended and restated to read in its entirety as follows:

     “No Credit Party shall be required to pledge with respect to any directly held Foreign
Subsidiary (except for the Australian Collateral Party) more than the sum of (a) 65% of the
total combined voting power of all classes of Stock of such Foreign Subsidiary that are
entitled to vote, and (b) 100% of all nonvoting Stock of any such Subsidiary. No Credit
Party shall be required to pledge any of the Stock of any indirectly held Foreign
Subsidiary (except for the Australian Subsidiaries, Canadian Subsidiaries and UK
Subsidiaries).”

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(i) Annex A to the Credit Agreement is hereby amended by inserting the following
definitions or, if contained therein, amending and restating such definitions to read in their
entirety as follows:

     ““Australian Acknowledgement and Undertaking” means that certain
Acknowledgement and Undertaking dated October 3, 2008 executed by each of Quetala Pty.
Ltd., Quetack Pty. Ltd. and the Australian Collateral Party in favor of the Agent.”

     ““Australian Blocked Account” means any Australian bank account into which
deposits by the Australian Collateral Party are made, and which account is the subject of
an irrevocable direction to the bank to transfer funds in the account telegraphically daily
to an account nominated by Agent.”

     ““Australian Blocked Account Agreement” means that certain Blocked Account
Agreement dated on or about October 3, 2008 (as amended, restated, supplemented or
otherwise modified from time to time) by and among the Agent, the Commonwealth Bank of
Australia and Cigweld Pty Ltd.”

     ““Australian Deed of Guarantee” means each Deed of Guaranty and Indemnity
dated on or about October 3, 2008 by and among certain Australian Foreign Subsidiaries and
the Agent.”

     ““Australian Fixed and Floating Charge” means each Fixed and Floating Charge
dated on or about October 3, 2008 (as amended, restated, supplemented or otherwise modified
from time to time) by and among the Australian Collateral Party, Thermadyne Australia Pty
Ltd, Duxtech Pty. Ltd. and Agent, on behalf of itself and Lenders.”

     ““Australian Mortgage of Shares” means the Mortgage of Shares dated on or
about October 3, 2008 (as amended, restated, supplemented or otherwise modified from time
to time) executed by Industries and Holdings in favor of the Agent, on behalf of itself and
Lenders.”

     ““Australian Security Documents” means the Australian Fixed and Floating
Charge, Australian Deed of Guarantee, Australian Mortgage of Shares, Australian Blocked
Account Agreement and Australian Acknowledgement and Undertaking.”

     ““Borrowing
Base” means, as of any date of determination by Agent, from time to time,
an amount equal to the sum at such time of:

     (a)
up to 85% of the book value of Collateral Parties’ Eligible
Accounts; plus

     (b) the lesser of (i) up to 85% of the Net Orderly Liquidation Value of
the sum of the Collateral Parties’ Eligible Inventory multiplied by the then current
NOLV Factor, by category, of Eligible Inventory; and (ii) up to 65% of the book

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value of sum of the Collateral Parties’ Eligible Inventory valued at the lower of cost (determined
on a first in, first out basis) or market; plus

     (c) the lesser of (i) up to 85% of the Net Orderly Liquidation Value of
the sum of the Collateral Parties’ Eligible In-Transit Inventory multiplied by the
then current NOLV Factor, by category, of Eligible In-Transit Inventory; and (ii)
up to 65% of the book value of sum of the Collateral Parties’ Eligible In-Transit
Inventory valued at the lower of cost (determined on a first in, first out basis) or
market; less

     (d) the Rent Reserve; less

     (e)
the Shipping Reserve; less

     (f)
the Processors Reserve; less

     (g)
the Priority Payables Reserve; less

     (h) in each of (a), (b) and (c) above, any other Reserves established by Agent at such
time (in addition, the Agent may at any time make any adjustments to the Borrowing Base at its sole
discretion to reflect fluctuations in currency values); plus

     (i) the lesser of (x) $8,000,000 and (y) 85% of the Net Orderly Liquidation Value of
Eligible Equipment as reflected in the initial Equipment Appraisal less 85% of the Net Orderly
Liquidation Value of Eligible Equipment sold or otherwise disposed of on or after the Closing Date,
reduced by the sum of 3.571% of the amount that is the lesser of (x) or (y) above (the
“Amortization Amount”) on the first day of each calendar quarter commencing with the first calendar
quarter after the initial Equipment Appraisal is delivered to Agent; plus

     (j) the lesser of (x) $20,000,000 and (y) 0.4 multiplied by EBITDA of Holdings and its
Subsidiaries for the trailing twelve months most recently ended for which financial statements are
available.”

     ““Code” means the Uniform Commercial Code as the same may, from time to time, be enacted and
in effect in the State of New York, for the Australian Collateral Party or any events in Australia,
means the Corporations Act (Commonwealth); provided that to the extent that the Code is
used to define any term herein or in any Loan Document and such term is defined differently in
different Articles or Divisions of the Code, the definition of such term contained in Article or
Division 9 shall govern; provided further, that in the event that, by reason of mandatory
provisions of law, any or all of the attachment, perfection or priority of, or remedies with
respect to, Agent’s or any Lender’s Lien on any Collateral is governed by the Uniform Commercial
Code as enacted and in effect in a jurisdiction other than the State of New York, the term “Code”
shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely
for purposes of the provisions thereof relating to such attachment,

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perfection, priority or remedies and for purposes of definitions related to such provisions.”

     ““Collateral Documents” means the Security Agreement, the Pledge Agreements, the
Guaranties, the Copyright Security Agreements, Patent Security Agreement, the Trademark Security
Agreement, the Australian Security Documents and all similar agreements entered into guaranteeing
payment of, or granting a Lien upon property as security for payment of, the Obligations, including
but not limited to, those agreements entered into under the Initial Credit Agreement and Prior
Credit Agreement.”

     ““Collateral Parties” means, collectively, the Borrowers, their Domestic Subsidiaries
and the Australian Collateral Party.”

     ““Eligible
In-Transit Inventory” means all raw materials and finished goods Inventory
owned by Borrowers or the Australian Collateral Party and not covered by Letters of Credit, and
which Inventory is in transit to one of the Borrowers’ or the Australian Collateral Party’s
facilities and which Inventory (a) has been paid for, unless the supplier (other than a supplier
which is a Credit Party) has waived rights to stoppage in-transit and the law of the applicable
jurisdiction where such supplier is located permits such waiver, (b) is owned by one of the
Borrowers or the Australian Collateral Party, as applicable (c) is fully insured, (d) is subject to
a first priority security interest in and lien upon such goods (and any insurance proceeds in
respect thereof) in favor of Agent (except for any possessory lien upon such goods in the
possession of a freight carrier or shipping company securing only the freight charges for the
transportation of such goods to such Borrowers or the Australian Collateral Party), (e) is
evidenced or deliverable pursuant to a valid and binding bill of lading (i) issued by a reputable
shipping company or its accredited agent, (ii) bearing a description of the relevant Inventory
either in general or particular terms, and (iii) made out to or otherwise endorsed in favour of the
Borrowers or the Australian Collateral Party, as applicable, an original of which (together with
any required number of non-negotiable copies) has been delivered to Agent or an agent acting on its
behalf or designating Agent as consignee, (f) has been shipped by a Foreign Subsidiary of the
Credit Parties or, in the case of the Australian Collateral Party, has been shipped by any other
Credit Party organized or incorporated in a jurisdiction other than its respective jurisdiction of
incorporation, and (g) is otherwise deemed to be “Eligible Inventory” hereunder.”

     ““GAAP” means generally accepted accounting principles in the United States of America
(or in the case of the Australian Collateral Party, generally accepted accounting principles in
Australia) consistently applied, as such term is further defined in Annex G to this Agreement.”

     ““Priority
Payables Reserve” means all Liens created by applicable law (in contrast
with Liens voluntarily granted) which rank or are capable of ranking pan passu with Agent’s Lien
against all or part of the Collateral, including for

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amounts owing for vacation pay, employee deductions and contributions, goods and
services taxes, sales taxes, realty taxes, business taxes, workers’ compensation,
pension plan or fund obligations and overdue rents (to the extent, in the case of
rents, that such rents are not already the subject of a reserve) in Australia.”

(j) Annex C to the Credit Agreement is hereby amended by amending and
restating clause (a) thereof to read in its entirety as follows:

     “(a) On or before the Closing Date and until the Termination Date, each
Collateral Party shall (i) establish lock boxes (“Lock Boxes”) or with respect to
accounts in Canada, Australia or the United Kingdom or otherwise at Agent’s
discretion, blocked accounts, at one or more of the banks set forth in Disclosure
Schedule (3.19) (each, a “Relationship Bank”), which banks shall be reasonably
satisfactory to Agent, and shall request in writing and otherwise take such
reasonable steps to ensure that all Account Debtors forward payment directly to such
Lock Boxes, and (ii) deposit and cause each Subsidiary which is a Guarantor (other
than the Australian Collateral Party) to deposit or cause to be deposited promptly,
and in any event no later than the first Business Day after the date of receipt
thereof, all cash, checks, drafts or other similar items of payment relating to or
constituting payments made in respect of any and all Collateral not otherwise
delivered to a Lock Box into the JPMorgan Chase Bank, N.A. accounts listed on
Disclosure Schedule (3.19) (collectively, the “JPMC Account”); provided, however
that no more than $200,000 in the aggregate may be maintained in the JPMC Account
and, in the event that the balance in JPMC Account exceeds $200,000, the Collateral
Parties shall promptly (and in any event within one (1) Business Day) transfer funds
to the Master Disbursement Account (as defined below) at least in the amount of such
excess. On or before the Closing Date, the Collateral Parties (except for the
Australian Collateral Party) shall have established a master depository account in
their name (the “Joint Account”) at a Relationship Bank into which all items
deposited into the Lock Boxes are swept on a daily basis.”

(k) Exhibit 2.2 shall be added to the Credit Agreement after Exhibit 1.5(e)
therein in the form of Exhibit 2.2 hereto.

2. Representations and Warranties of Credit Parties. The Credit Parties
represent and warrant that:

     (a) the execution, delivery and performance by the Credit Parties of this
Amendment have been duly authorized by all necessary corporate action required on its part
and this Amendment is a legal, valid and binding obligation of the Credit Parties enforceable
against the Credit Parties in accordance with its terms except as the enforcement thereof may
be subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and (ii) general principles
of equity (regardless of whether enforcement is sought in a proceeding in equity or at law);
and

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     (b) after giving effect to this Amendment, each of the representations and
warranties contained in the Credit Agreement is true and correct in all material respects on
and as of the date hereof as if made on the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier date.

3.
Conditions To Effectiveness. This Amendment shall be effective upon the following (all in
form and substance satisfactory to Agent):

     (a) execution and delivery of this Amendment by Agent, the Requisite
Lenders and the Credit Parties; and

     (b) payment in full of all fees, costs and expenses, including the reasonable
fees, costs and expenses of counsel or other advisors for advice, assistance, or other
representation in connection with this Amendment, as provided in Section 11.3(a) of
the Credit Agreement.

4. Reference To And Effect Upon The Credit Agreement.

     (a) The Credit Agreement and the other Loan Documents shall remain in full force and
effect, as amended hereby, and are hereby ratified and confirmed.

     (b) The execution, delivery and effectiveness of this Amendment shall not (i) operate
as a waiver or otherwise prejudice any right, power or remedy that the Agent or the Lenders
may now have or may have in the future under or in connection with the Credit Agreement or
any other Loan Document or (ii) constitute a waiver of any provision of the Credit Agreement
or any Loan Document, except as specifically set forth herein. Upon the effectiveness of
this Amendment, each reference in the Credit Agreement to “this Agreement”, “herein”,
“hereof” and words of like import and each reference in the Credit Agreement and the Loan
Documents to the Credit Agreement shall mean the Credit Agreement as amended hereby. This
Amendment shall be construed in connection with and as part of the Credit Agreement.

5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF NEW YORK.

6. Headings. Section headings in this Amendment are included herein for convenience of
reference only and shall not constitute a part of this Amendment for any other purposes.

7. Counterparts. This Amendment may be executed in any number of counterparts, each of
which when so executed shall be deemed an original, but all such counterparts shall constitute one
and the same instrument.

8. Reaffirmation of Guaranties. The Credit Parties signatory hereto hereby reaffirm their
Guaranties of the Obligations, taking into account the provisions of this Amendment.

[signature pages follow]

8

 

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as
of the date first written above.

	 	 	 	 	 
	 	LENDER:

GENERAL ELECTRIC CAPITAL

CORPORATION,

as Agent and Lender

 	 
	 	By:  	/s/
[ILLEGIBLE]
 	 
	 	 	Duly Authorized Signatory 	 
	 	 	 	 
	 

[Signature Page to First Amendment to Third Amended and Restated Credit Agreement]

 

 

	 	 	 	 	 
	 	CREDIT PARTIES:

THERMADYNE INDUSTRIES, INC.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 

	 	 	 	 	 
	 	THERMAL DYNAMICS CORPORATION

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	VICTOR EQUIPMENT COMPANY

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	C & G SYSTEMS, INC.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	STOODY COMPANY

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 

[Signature Page to First Amendment to Third Amended and Restated Credit Agreement]

 

 

	 	 	 	 	 
	 	THERMADYNE INTERNATIONAL CORP.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	THERMADYNE HOLDINGS CORPORATION 

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	C&G SYSTEMS HOLDING, INC.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	THERMADYNE AUSTRALIA PTY LTD.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 

[Signature Page to First Amendment to Third Amended and Restated Credit Agreement]

 

 

	 	 	 	 	 
	 	DUXTECH PTY LTD.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	CIGWELD PTY LTD.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	QUETALA PTY. LTD.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	QUETACK PTY. LTD.

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	THERMADYNE WELDING PRODUCTS
CANADA LIMITED

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 
	 	THERMADYNE INDUSTRIES LIMITED

 	 
	 	By:  	/s/ Steven A. Schumm
 	 
	 	Name:  	Steven A. Schumm 	 
	 	Title:  	EVP - CFO -  CAO 	 
	 

[Signature Page to First Amendment to Third Amended and Restated Credit Agreement]

 

 

EXHIBIT 2.2

to

CREDIT AGREEMENT

FORM OF NOTICE OF CASH COLLATERAL RELEASE

[VIA FAX/EMAIL]

                                        ,
                    

[General Electric Capital Corporation,

for itself, as Lender, and as Agent

for Lenders

500 West Monroe Street

Chicago, Illinois 60661]

[GE Commercial Corporation (Australia) Pty Ltd

Level 5 420 St. Kilda Road

Melbourne, Victoria 3000]

			
	Attention:	 	Thermadyne Holdings Corporation,

Account Manager

Ladies and Gentlemen:

          This
notice by Cigweld Pty Ltd., a
                    (the
“Credit Party”) refers to the
Second Amended and Restated Credit Agreement, dated as of November 22, 2004 (the “Credit
Agreement,” the terms defined therein being used herein as therein defined), by and among the
undersigned, the other persons named therein as Borrowers, the other Credit Parties signatory
thereto, General Electric Capital Corporation, a Delaware corporation, for itself, as Lender, and
as Agent for Lenders, and Lenders. Pursuant to Section 2.2 of the Credit Agreement, that
the undersigned hereby requests the release of funds from the Australian Blocked Account (the “Cash
Collateral Release”), and in that connection sets forth below the information relating to such
request as required by Section 2.2 of the Credit Agreement:

	 	1.	 	The date of the requested Cash Collateral Release is                                         ,                     .
	 
	 	2.	 	The aggregate amount of the requested Cash Collateral Release is
$                                         .
	 
	 	3.	 	The total value of the Credit Party’s Collateral located
outside of Victoria, Australia does not exceed AUS$8,000,000 on the date hereof.
	 
	 	4.	 	The landlord of the leased property located at 71 Gower Street,
Preston, Victoria, Australia, has not declared that the Credit Party is in
default nor is the Credit Party in default under the terms of such lease.

 

 

	 	5.	 	The requested Cash Collateral Release is to be sent to:

[Name of Bank]

[City of Bank]

Beneficiary:

Account No.: [number]

ABA No.: [number]

Attn: [name]

[signature page follows]

 

 

          The undersigned hereby certifies that all of the conditions to the release of cash
collateral set forth in Section 2.2 of the Credit Agreement have been met.

	 	 	 	 	 
	 	CIGWELD PTY LTD.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 

Agreed to and accepted by:

THERMADYNE HOLDINGS CORPORATION

	 	 	 	 	 
	By:  	 	 	 
	Name:  	 	 	 
	Title:  	 	 	 

GENERAL ELECTRIC CAPITAL CORPORATION,

as Agent and Lender

	 	 	 	 	 
	By:  	
 	 	 
	 	Duly Authorized Signatoryexv4w1

Exhibit 4.1

TENDER AND SHAREHOLDER SUPPORT AGREEMENT

          This TENDER AND SHAREHOLDER SUPPORT AGREEMENT (this “Agreement”), dated October ___,
2008, is by and among SmithKline Beecham Corporation, a Pennsylvania corporation
(“Parent”), Gemstone Acquisition Corporation, a California corporation and wholly-owned
Subsidiary of Parent (“Purchaser”), and certain shareholders of Genelabs Technologies,
Inc., a California corporation (the “Company”), set forth on Schedule A hereto (each a
“Shareholder” and, collectively the “Shareholders”).

          WHEREAS, Parent, Purchaser and the Company propose to enter into an Agreement and Plan of
Merger, dated as of the date hereof (the “Merger Agreement”), which provides, among other
things, for Purchaser to commence a tender offer for all of the issued and outstanding shares of
Common Stock (as defined below) of the Company (the “Offer”) and the merger of Purchaser
with and into the Company, with the Company continuing as the surviving corporation (the
“Merger”), upon the terms and subject to the conditions set forth in the Merger Agreement
(capitalized terms used herein without definition shall have the respective meanings specified in
the Merger Agreement);

          WHEREAS, each Shareholder beneficially owns the number of shares of common stock, no par
value, of the Company (the “Common Stock”) set forth opposite the name of such Shareholder
on Schedule A hereto (such shares of Common Stock, together with any other shares of capital stock
of the Company as to which such Shareholder acquires beneficial ownership after the date hereof and
prior to the earlier of the Effective Time and the termination of all of the Shareholder’s
obligations under this Agreement, including any shares of Common Stock acquired by means of
purchase, dividend or distribution, or issued upon the exercise of any warrants or options, or the
conversion of any convertible securities or otherwise, being collectively referred to herein as the
“Covered Shares”); and

          WHEREAS, as a condition to the willingness of Parent and Purchaser to enter into the Merger
Agreement and as an inducement and in consideration therefor, the Shareholders have agreed to enter
into this Agreement;

          NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set
forth herein and in the Merger Agreement, and intending to be legally bound hereby, the parties
hereto agree as follows:

1

 

          SECTION 1. Representations and Warranties of the Shareholders. Each Shareholder
hereby represents and warrants to Parent and Purchaser, severally and not jointly, and solely as to
itself and its Covered Shares, as follows:

               (a) The Shareholder (i) is the beneficial owner (as defined in Rule 13d-3 under the Securities
Exchange Act of 1934, as amended) of, and has good and marketable title to, the Covered Shares set
forth opposite such Shareholder’s name on Schedule A hereto, free and clear of any and all liens,
claims, security interests, proxies, voting trusts or agreements, options, rights, understandings
or arrangements or any other encumbrances whatsoever on title, transfer, or exercise of any rights
of a Shareholder in respect of such Covered Shares (collectively, “Encumbrances”) except
for restrictions on transfer under the Securities Act of 1933, as amended, or Encumbrances arising
hereunder; (ii) does not own, of record or beneficially, any shares of capital stock of the Company
(or rights to acquire any such shares) other than the Covered Shares set forth on Schedule A
hereto; and (iii) has the right to vote and dispose of and holds power to issue instructions with
respect to the matters set forth in Sections 3, 4, 5 and 6 hereof, power to demand appraisal
rights and power to agree to all of the matters set forth in this Agreement with respect to all of
such Shareholder’s Covered Shares, with no material limitations, qualifications or restrictions on
such rights, subject to applicable federal securities law and the terms of this Agreement.

               (b) In the case of any Shareholder that is a corporation, limited partnership or limited
liability company, such Shareholder is an entity duly organized, validly existing and in good
standing under the laws of the jurisdiction in which it is incorporated or constituted.

               (c) The Shareholder has the legal capacity and all requisite power and authority to execute
and deliver this Agreement and to perform the Shareholder’s obligations hereunder and consummate
the transactions contemplated hereby. To the extent applicable, the execution, delivery and
performance by the Shareholder of this Agreement and the consummation by the Shareholder of the
transactions contemplated hereby have been duly and validly authorized by the Shareholder (or its
board of directors or similar governing body, as applicable), and no other actions or proceedings
on the part of the Shareholder are necessary to authorize the execution and delivery by the
Shareholder of this Agreement and the consummation by the Shareholder of the transactions
contemplated hereby. This Agreement has been duly and validly executed and delivered by the
Shareholder and constitutes a valid and binding obligation of the Shareholder enforceable in
accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally and general equitable
principles (whether considered in a proceeding in equity or at law).

2

 

               (d) Neither the execution and delivery of this Agreement by the Shareholder, the performance
by the Shareholder of such Shareholder’s obligations hereunder nor the consummation by the
Shareholder of the transactions contemplated hereby will (i) result in a violation or breach of, or
constitute (with or without notice or lapse of time or both) a default under, or conflict with (A)
to the extent applicable, any provisions of the organizational documents of the Shareholder or (B)
any note, bond, mortgage, indenture, contract, agreement, lease, license, permit or other
instrument or obligation of any kind to which such Shareholder is a party or by which such
Shareholder’s Covered Shares are bound, except with respect to clause (B) for any such violations,
breaches, defaults or conflicts as could not reasonably be expected, either individually or in the
aggregate, to materially impair the ability of such Shareholder to perform his or its obligations
hereunder or to consummate the transactions contemplated hereby on a timely basis, or (ii) violate,
or require any consent, approval, or notice under, any provision of any judgment, order or decree
or any federal, state, local or foreign statute, law, ordinance, rule, regulation, order, judgment,
decree or legal requirement applicable to such Shareholder or any of such Shareholder’s Covered
Shares (other than filings required pursuant to the Securities Exchange Act of 1934, as amended,
and the rules promulgated thereunder).

          SECTION 2. Representations and Warranties of Parent and Purchaser. Each of Parent and
Purchaser hereby, jointly and severally, represents and warrants to the Shareholders as follows:

               (a) Each of Parent and Purchaser is a corporation duly organized, validly existing and in good
standing under the laws of the jurisdiction in which it is incorporated, and each of Parent and
Purchaser has all requisite corporate power and corporate authority to execute and deliver this
Agreement and to perform its obligations hereunder and consummate the transactions contemplated
hereby, and has taken all necessary corporate action to authorize the execution, delivery and
performance of this Agreement.

               (b) This Agreement has been duly authorized, executed and delivered by each of Parent and
Purchaser and constitutes a valid and binding obligation of Parent and Purchaser enforceable in
accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights
generally and general equitable principles (whether considered in a proceeding in equity or at
law).

3

 

               (c) Neither the execution and delivery of this Agreement by Parent and Purchaser, the
performance by Parent and Purchaser of their obligations hereunder nor the consummation by Parent
and Purchaser of the transactions contemplated hereby will (i) result in a violation or breach of,
or constitute (with or without notice or lapse of time or both) a default under, or conflict with
(A) any provisions of the organizational documents of Parent or Purchaser or (B) any note, bond,
mortgage, indenture, contract, agreement, lease, license, permit or other instrument or obligation
of any kind to which such Parent or Purchaser is a party or by which Parent or Purchaser or their
assets are bound, except with respect to clause (B) for any such violations, breaches, defaults or
conflicts as could not reasonably be expected, either individually or in the aggregate, to
materially impair the ability of Parent or Purchaser to perform its obligations hereunder or to
consummate the transactions contemplated hereby on a timely basis, or (ii) violate, or require any
consent, approval, or notice under, any provision of any judgment, order or decree or any federal,
state, local or foreign statute, law, ordinance, rule, regulation, order, judgment, decree or legal
requirement applicable to Parent or Purchaser or their assets (other than filings required pursuant
to Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder).

          SECTION 3. Tender of the Covered Shares. Unless this Agreement shall have been
terminated in accordance with its terms, and subject to Section 5, each Shareholder hereby agrees
that it shall (i) tender its Covered Shares or cause to be tendered (and deliver any certificates
evidencing such Covered Shares or an appropriate affidavit of lost certificate with respect thereto
to the extent any of such certificates have been lost, misplaced or destroyed), into the Offer
promptly following the date the Offer is commenced, and in any event no later than five (5)
Business Days prior to the Initial Expiration Date of the Offer, free and clear of all Encumbrances
and (ii) not withdraw or cause to be withdrawn, its Covered Shares from the Offer at any time. If
a Shareholder acquires Covered Shares after the date hereof, unless this Agreement shall have been
terminated in accordance with its terms, such Shareholder shall (A) tender, or cause to be
tendered, such Covered Shares into the Offer on or before the fifth (5th) Business Day
prior to the Initial Expiration Date or, if later, on or before the second (2nd)
Business Day after such acquisition but in any event prior to the Expiration Date, and (B) not
withdraw, or cause to be withdrawn, such Covered Shares from the Offer at any time.

          SECTION 4. Option.

               (a) On the terms and subject to the conditions set forth herein, each Shareholder hereby
grants to Parent an irrevocable option (the “Option”) to purchase all of the right, title
and interest of such Shareholder in and to such Shareholder’s Covered Shares at a

4

 

price equal to the Offer Price. Parent may exercise an Option in whole, but not in part, if,
but only if, (i) Purchaser has acquired shares of Common Stock pursuant to the Offer and (ii) such
Shareholder shall have failed to tender into the Offer any Covered Shares or shall have withdrawn
the tender of any Covered Shares into the Offer. Parent may exercise an Option at any time within
the sixty (60) days following the date when such Option first becomes exercisable.

               (b) In the event that Parent is entitled to and wishes to exercise an Option, Parent shall
send a written notice to the relevant Shareholder(s) specifying the place and the date for the
closing of such purchase, which date shall be not more than sixty (60) days after the date of such
notice; provided that in the event that prior notification to, or approval of, any
Governmental Entity is required in connection with the exercise of an Option or there shall be in
effect any preliminary or final injunction or other order issued by any Governmental Entity
prohibiting the exercise of an Option, the period of time during which the date of the closing may
be fixed shall be extended until the tenth (10th) day following the last date on which
all required approvals shall have been obtained, all required waiting periods shall have expired or
been terminated and any such prohibition shall have been vacated, terminated or waived.

               (c) At the closing of the purchase of a Shareholder’s Covered Shares pursuant to exercise of
an Option, simultaneously with the payment by the Parent of the purchase price for a Shareholder’s
Covered Shares, such Shareholder shall deliver, or cause to be delivered, to the Purchaser
certificates representing such Covered Shares duly endorsed to the Parent or accompanied by stock
powers or other transfer documents duly executed by the Company in blank, together with any
necessary stock transfer stamps properly affixed, free and clear of all Encumbrances.

               (d) Parent, Purchaser or the Company, as applicable, shall be entitled to deduct and withhold
from the consideration otherwise payable pursuant to this Section 4 to a holder of Covered Shares
such amounts as are required to be withheld under the Code, or any applicable provision of state,
local or foreign tax law. To the extent that amounts are so withheld, such withheld amounts shall
be treated for all purposes of this Agreement as having been paid to the holder of the Covered
Shares in respect of which such deduction and withholding was made.

          SECTION 5. Transfer of the Covered Shares; Other Actions. Prior to the termination of
this Agreement, except as otherwise provided herein (including pursuant to Sections 3, 4 or 7
hereof), each Shareholder shall not: (i) transfer, assign, sell, gift-over, pledge or otherwise
dispose (whether by sale, merger, consolidation, liquidation, dissolution, dividend,

5

 

distribution or otherwise) of, or consent to any of the foregoing (“Transfer”), any
Covered Shares or any right or interest therein; (ii) enter into any contract, option or other
agreement, arrangement or understanding with respect to any Transfer of Covered Shares; (iii) grant
any proxy or power-of-attorney with respect to any of the Covered Shares; (iv) deposit any of the
Covered Shares into a voting trust, or enter into a voting agreement or arrangement with respect to
any of the Covered Shares; or (v) take any other action that would restrict, limit or interfere in
any material respect with the performance of such Shareholder’s obligations hereunder or the
transactions contemplated hereby. Notwithstanding the foregoing, the preceding sentence shall not
prohibit a Transfer of Covered Shares by Shareholder: (A) if Shareholder is an individual, to any
member of Shareholder’s immediate family, or to a trust established for the benefit of Shareholder
and/or for the benefit of one or more members of Shareholder’s immediate family or established for
charitable purposes, or upon the death of Shareholder, or (B) if Shareholder is a partnership,
limited liability company or trust, to one or more partners or members of Shareholder or to an
affiliated corporation under common control with Shareholder or to any trustee or beneficiary of
the trust, provided that any Transfer permitted pursuant to (A) or (B) above shall be
permitted only if, as a precondition to such transfer, the transferee of such Covered Shares agrees
in writing with Parent and Purchaser to be bound by the terms and conditions of this Agreement.

          SECTION 6. Covenant to Vote; Irrevocable Proxy.

               (a) Prior to termination of this Agreement in accordance with its terms, each Shareholder
hereby agrees to vote all Covered Shares as to which the Shareholder has sole or shared voting
power (the “Vote Shares”), or to provide a written consent in respect of the Vote Shares,
in connection with any meeting of the Shareholders of the Company or any action by written consent
in lieu of a meeting of Shareholders of the Company (i) in favor of the Merger (including adoption
of the Merger Agreement) and/or (ii) against any action or agreement that would reasonably be
expected to impede, delay or interfere with, or prevent, the Merger, including, but not limited to,
any other extraordinary corporate transaction, including, a merger, acquisition, sale,
consolidation, reorganization or liquidation involving the Company and a third party, or any other
Acquisition Proposal proposed by a third party.

               (b) In furtherance of the agreements herein and until the termination of this Agreement in
accordance with its terms, each Shareholder hereby irrevocably grants to, and appoints, Parent and
any person or persons designated in writing by Parent, and each of them individually, such
Shareholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name,
place and stead of such Shareholder, to vote all Vote Shares, or grant a consent

6

 

or approval in respect of such Vote Shares, or execute and deliver a proxy to vote such Vote
Shares, (i) in favor of adopting the Merger Agreement and approving the transactions contemplated
thereby, including the Merger and (ii) against any Acquisition Proposal proposed by a third party
or any other matter referred to in clause (a) of Section 6 hereof.

               (c) Each Shareholder represents and warrants to Parent that any proxies heretofore given by it
in respect of Covered Shares are not irrevocable, and that any such proxies are hereby revoked, and
agrees to communicate in writing notice of revocation of such proxies to the relevant proxy
holders.

               (d) Each Shareholder hereby affirms that the irrevocable proxy set forth in Section 6(b) is
given in connection with, and in consideration of, the execution of the Merger Agreement by Parent,
and that such irrevocable proxy is given to secure the performance of the duties of such
Shareholder under this Agreement. Each Shareholder hereby further affirms that the irrevocable
proxy is coupled with an interest and may under no circumstances be revoked. Such Shareholder
hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by
virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance
with the provisions of Section 705(e) of the CGCL until the termination of this Agreement in
accordance with its terms.

          SECTION 7. Non-Solicitation. Each Shareholder shall not and shall not authorize or
permit its representatives to directly or indirectly (i) initiate, solicit or knowingly encourage
(including by way of providing non-public information) the submission of any Acquisition Proposal
or engage in any discussions or negotiations with respect thereto or otherwise cooperate with or
assist or participate in, or knowingly facilitate any such Acquisition Proposal, or (ii) approve or
recommend, or publicly propose to approve or recommend, an Acquisition Proposal or enter into any
merger agreement, letter of intent, agreement in principle, share purchase agreement, asset
purchase agreement or share exchange agreement, option agreement or other similar agreement
relating to an Acquisition Proposal or enter into any letter of intent, agreement or agreement in
principle requiring the Shareholder (whether or not subject to conditions) to abandon, terminate or
fail to consummate the transactions contemplated hereby or breach its obligations hereunder.

          SECTION 8. Further Assurances. Each Shareholder shall, upon request of Parent or
Purchaser, execute and deliver any additional documents and take such further actions as may
reasonably be deemed by Parent or Purchaser to be necessary or desirable to carry out the
provisions of this Agreement. Nothing in this Agreement shall require a Shareholder to exercise
any option to purchase shares of Common Stock.

7

 

          SECTION 9. Termination. This Agreement, and all rights and obligations of the parties
hereunder shall terminate on the earliest of: (a) the date and time the Merger Agreement is
validly terminated in accordance with its terms, (b) the Effective Time and (c) with respect to any
Shareholder, such date and time as any amendment or change to the Merger Agreement or the Offer
that decreases the Offer Price or changes the form of consideration in the Offer is effected
without the consent of such Shareholder. Termination of this Agreement shall not relieve any party
from liability for any breach hereof prior to such termination. Section 11 and Section 13 shall
survive any termination of this Agreement.

          SECTION 10. Waiver of Dissenter’s Rights. Each Shareholder waives and agrees not to
exercise any rights to dissent or similar rights with respect to the Merger or other transactions
contemplated by the Merger Agreement that the Shareholder may have with respect to the
Shareholder’s Covered Shares pursuant to applicable law.

          SECTION 11. Expenses. All fees, costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby shall be paid by the party incurring such fees,
costs and expenses.

          SECTION 12. Stop Transfer Order; Legend. In furtherance of this Agreement,
concurrently herewith, each Shareholder shall, and hereby does authorize the Company or its counsel
to, notify the Company’s transfer agent that there is a stop transfer order with respect to all of
the Covered Shares of such Shareholder (and that this Agreement places limits on the voting and
transfer of such Covered Shares). The parties hereto agree that such stop transfer order shall be
removed and shall be of no further force and effect upon termination of this Agreement.

          SECTION 13. Shareholder Capacity. It is understood that the Shareholder enters into
this Agreement solely in such Shareholder’s capacity as a Shareholder of the Company. Nothing
herein shall be construed as preventing a Shareholder, or a director, officer or employee of a
Shareholder or Affiliate of a Shareholder, who is an officer or director of the Company, from
fulfilling the obligations of such office (including the performance of obligations required by the
fiduciary obligations of such Shareholder, or director, officer or employee of a Shareholder or
Affiliate of a Shareholder, acting solely in his or her capacity as an officer or director of the
Company), but nothing in this Section 13 is intended to modify any of the rights or obligations
under the Merger Agreement.

8

 

          SECTION 14. Miscellaneous.

               (a) Notices. All notices and other communications hereunder shall be in writing and
shall be deemed given if delivered personally, telecopied (which is confirmed) or sent by a
nationally recognized overnight courier service, such as FedEx (providing proof of delivery), to
the parties at the following addresses (or at such other address for a party as shall be specified
by like notice):

If to any of the Shareholders, at the address set forth opposite the name of
such Shareholder on the signature page hereto:

with a copy to:

Genelabs Technologies, Inc.

505 Penobscot Drive

Redwood City, CA 94063

Attention: Fred Driscoll

Facsimile: 650-368-0709

and a copy to:

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

One Financial Center

Boston, MA 02111

Attention: Jonathan L. Kravetz

Facsimile: 617-542-2241

Email: jlkravetz@mintz.com

and

          If to Parent or Purchaser, to:

SmithKline Beecham Corporation

200 N. 16th Street (FP2355)

Philadelphia, PA 19102

Attention: Carol G. Ashe

Facsimile: 215-751-5349

9

 

with a copy to:

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

Attention: Benet J. O’Reilly, Esq.

Facsimile: 212-225-3999

               (b) Headings. The headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this Agreement.

               (c) Counterparts. This Agreement may be executed and delivered (including by
facsimile transmission) in two or more counterparts, and by the different parties hereto in
separate counterparts, each of which when executed shall be deemed to be an original but all of
which taken together shall constitute one and the same agreement. This Agreement shall become
effective with respect to a Shareholder when a counterpart hereof shall have been signed by each of
Parent, Purchaser and such Shareholder and delivered to the other such parties.

               (d) Entire Agreement. This Agreement (together with the Merger Agreement and any
other documents and instruments referred to herein and therein) constitutes the entire agreement
among the parties with respect to the subject matter hereof and thereof and supersedes all other
prior agreements and understandings, both written and oral, among the parties, or any of them, with
respect to the subject matter hereof and thereof.. This Agreement is not intended and does not
confer upon any Person other than the parties hereto any rights hereunder.

               (e) Governing Law.

               (i) This Agreement shall be governed by and construed in accordance with the
laws of the State of New York, without giving effect to the principles of conflicts
of law thereof that would result in the application of law of any other state.

               (ii) The parties agree that irreparable damage would occur in the event that
any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It

10

 

is accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically the
terms and provisions of this Agreement in any New York State or federal court
located in the Borough of Manhattan, The City of New York, New York, this being in
addition to any other remedy to which such party is entitled at law or in equity.
In addition, each of the parties hereto (i) consents to submit itself to the
personal jurisdiction in any New York State or federal court located in the Borough
of Manhattan, The City of New York, New York in the event any dispute arises out of
this Agreement or any of the transactions contemplated by this Agreement,
(ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by
motion or other request for leave from any such court, and (iii) agrees that it will
not bring any action or proceeding relating to this Agreement or any of the
transactions contemplated by this Agreement in any court other than a New York State
or federal court located in the Borough of Manhattan, The City of New York, New
York.

               (iii) EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS, INCLUDING THE OFFER AND MERGER,
CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE
IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY, AND (D) IT HAS
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 14(e)(iii).

               (f) Assignment. Neither this Agreement nor any of the rights, interests or
obligations hereunder shall be assigned by any of the parties hereto (whether by operation of law
or otherwise) without the prior written consent of the other parties except that Parent and

11

 

Purchaser may assign, in their sole discretion and without the consent of any other party, any
or all of their rights, interests and obligations hereunder to each other or to one or more direct
or indirect wholly-owned subsidiaries of Parent (each, an “Assignee”). Subject to the
preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable
by, the parties and their respective successors and assigns, and the provisions of this Agreement
are not intended to confer upon any person other than the parties hereto any rights or remedies
hereunder.

               (g) Severability of Provisions. If any term or provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of law or public policy, the remaining
provisions of this Agreement shall be enforced so as to effect the original intent of the parties
as closely as possible in an acceptable manner to the end that the transactions contemplated hereby
are fulfilled to the fullest extent possible.

               (h) Amendment. No amendment, modification or waiver in respect of this Agreement
shall be effective against any party unless it shall be in writing and signed by such party.

               (i) Binding Nature. This Agreement is binding upon and is solely for the benefit of
the parties hereto and their respective successors, legal representatives and assigns.

               (j) Option Exercises. Nothing in this Agreement shall require a Shareholder to
exercise any option or warrant to purchase shares of Common Stock of the Company.

               (k) Shareholder Obligations Several and Not Joint. The obligations of each
Shareholder hereunder shall be several and not joint and no Shareholder shall be liable for any
breach of the terms of this Agreement by any other Shareholder.

[Signature page follows]

12

 

          IN WITNESS WHEREOF, Parent, Purchaser and the Shareholders have caused this Agreement to be
duly executed and delivered as of the date first written above.

	 	 	 	 	 	 	 
	 	 	SMITHKLINE BEECHAM CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	GEMSTONE ACQUISITION CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

SIGNATURE PAGE TO TENDER AND SHAREHOLDER SUPPORT AGREEMENT

 

 

	 	 	 	 	 	 	 
	 	 	[SHAREHOLDER]	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

SIGNATURE PAGE TO TENDER AND SHAREHOLDER SUPPORT AGREEMENT

 

 

SCHEDULE A

	 	 	 	 	 
	Name and Address	 	Covered Shares	 
	 
	 	 	 	 

A-1

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