Document:

ex10-1.htm

Exhibit 10.1

 

 

EXECUTION VERSION

 

August 2015 wAIVER AND AMENDMENT

 

THIS AUGUST 2015 WAIVER AND AMENDMENT (this “Agreement”) is made as of August 13, 2015, among GreenHunter Resources, Inc., a Delaware corporation (the “Company”), the Purchasers party hereto (each a “Purchaser” and, collectively, the “Purchasers”) and BAM Administrative Services LLC, a Delaware limited liability company, as agent for each Purchaser (the “Agent” and, together with the Purchasers, the “Creditor Parties”). Capitalized terms used, but not otherwise defined, herein shall have the meanings ascribed to them in the Purchase Agreement (as defined below).

 

W I T N E S S E T H:

 

WHEREAS, the Company, the Purchasers and the Agent entered into that certain Securities Purchase Agreement, dated as of April 14, 2015 (as may be amended, supplemented, restated or modified and in effect from time to time, the “Purchase Agreement”), pursuant to which the Company has issued to the Purchasers senior secured notes in an original aggregate principal amount of $13,000,000 (such notes, and any promissory notes or other securities issued in exchange or substitution therefor or replacement thereof, and as any of the same may be amended, supplemented, restated or otherwise modified and in effect from time to time, the “Notes”);

 

WHEREAS, the Agent entered into that certain Security Agreement, dated as of May 1, 2015, with the Company and its Subsidiaries, and in connection therewith, entered into that certain Post-Closing Obligations Agreement, dated May 1, 2015, with the Company and its Subsidiaries (as may be amended, supplemented, restated or modified and in effect from time to time, the “Post-Closing Obligations Agreement”);

 

WHEREAS, (i) the Company failed to comply with the covenant set forth in Section 8.20(a) of the Purchase Agreement with respect to the fiscal quarter ended June 30, 2015 (such failure with respect to such quarter, the “Financial Covenant Default”); (ii) the Company breached Section 8.9 of the Purchase Agreement by using approximately $2,000,000 of the proceeds from the sale of the Initial Notes for purposes not listed on Schedule 8.9 to the Purchase Agreement, as specifically described to the Agent prior to the date hereof (the “Use of Proceeds Default”), and (iii) the Company has failed to comply with its obligations set forth in paragraph 3 of Schedule 8.31 to the Purchase Agreement and Sections 2, 3 and 4 of the Post-Closing Obligations Agreement (the failure to comply with such obligations prior to the date hereof and without giving effect to the amendment thereof as set forth in this Agreement, the “Post-Closing Covenants Default” and, collectively with the Financial Covenant Default and the Use of Proceeds Default, the “Subject Defaults”), which Subject Defaults, individually and in the aggregate, constitute Events of Default (as defined in the Notes) under the Notes;

 

WHEREAS, the Company expects that it will fail to comply with each of Sections 8.20(a) and 8.20(c) of the Purchase Agreement with respect to the fiscal quarter ending September 30, 2015;

 

WHEREAS, the Creditor Parties have agreed, subject to the terms and conditions set forth herein, to waive (i) the Subject Defaults, and (ii) the Company’s obligation to comply with Sections 8.20(a) and 8.20(c) of the Purchase Agreement with respect to the fiscal quarter ending September 30, 2015, and in connection therewith and consideration therefor, the undersigned have agreed to amend the Purchase Agreement and the Post-Closing Obligations Agreement as provided herein.

 

 

 

 

 

 

NOW, THEREFORE, in consideration of the agreements, provisions and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agree as follows:

 

1.     Amendment to Purchase Agreement.

 

a.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, Section 4.1 of the Purchase Agreement is hereby amended to read in its entirety as follows:

 

“Payment of Royalties. On the tenth (10th) day of each calendar month beginning with and including September 2015 and ending on and including the 12th calendar month following the date on which the Notes have been paid in full (the “Notes Payment Date”), the Company shall pay to each Purchaser an amount equal to the product of (a) the greater of (i) the product of (A) the Delivered Barrels (as defined below) for the immediately preceding calendar month, and (B) $0.12 (the “Price Per Barrel”), and (ii) five percent (5.0%) of the aggregate outstanding principal amount of the Notes, and (b) such Purchaser’s Allocation Percentage (collectively, the “Royalty Obligation”). At any time following the Notes Payment Date, the Company may elect to satisfy the remainder of the Royalty Obligation, upon at least fifteen (15) days prior written notice to each Purchaser (a “Royalty Prepayment Notice”), by paying to each Purchaser an amount equal to the product of (v) a fraction, the numerator of which is twelve (12) less the number of months for which the Company has paid Royalty Obligations since the Notes Payment Date and the denominator of which is twelve (12), (w) four, (x) the aggregate number of Delivered Barrels for the three (3) full calendar months immediately preceding such Purchaser’s receipt of the Royalty Prepayment Notice, (y) the Price Per Barrel, and (z) such Purchaser’s Allocation Percentage (collectively, the “Royalty Prepayment Amount”). The Royalty Prepayment Notice must set forth (I) the date on which the Company will pay the Royalty Prepayment Amount, which date must be at least fifteen (15) days but not more than twenty (20) days after the date on which the Company delivers such Royalty Prepayment Notice to each Purchaser, and (II) a detailed calculation of the Royalty Prepayment Amount. By way of example, if the Company delivered a Royalty Prepayment Notice immediately following the Notes Payment Date and the prior three (3) month Delivered Barrels equaled 2.25 million barrels, the aggregate Royalty Prepayment Amount would equal $1,080,000 (2.25 million barrels x 4 = 9 million barrels, and 9 million x $0.12 = $1,080,000). In the event that, as of December 31, 2015, (i) the Company is in compliance with each of the covenants set forth in Section 8.20 of the Purchase Agreement, (ii) the Company has satisfied its obligation under Section 6 of that certain Post-Closing Obligations Agreement, dated May 1, 2015, entered into by the Agent with the Company and its Subsidiaries in connection with the Security Agreement (as may be amended, supplemented, restated or modified and in effect from time to time, the “Post-Closing Obligations Agreement” (which constitutes a Related Agreement)) and (iii) there exists no Event of Default (nor any event that with the giving of notice or the passage of time, or both, would constitute an Event of Default), and the Company certifies in writing to the Agent as to the foregoing, the Price Per Barrel shall thereafter be reduced to $0.10. “Delivered Barrels” means with respect to any calendar month, the sum of (a) the total number of barrels of water delivered or hauled to the Company’s and its Subsidiaries’ (as defined below) disposal or collection facilities during such month, without duplication, whether delivered or hauled by truck, pipeline, barge or otherwise, plus (b) the number of barrels of water which were subject to a “take or pay” contract or similar agreement but which were not actually delivered to the Company or its Subsidiaries and for which shortfall the Company or its Subsidiaries were contractually entitled to compensation on a per barrel basis or otherwise. For purposes hereof a barrel shall equal forty-two (42) gallons.”

 

 

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b.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, Section 8.21(a) of the Purchase Agreement is hereby amended to read in its entirety as follows:

 

“(i) directly or indirectly declare or pay any cash dividend or distribution on any class of equity securities, (ii) issue any preferred equity that is mandatorily redeemable prior to the one year anniversary of the Maturity Date (as defined in each Note) or (iii) redeem any of its equity interests; provided, however, that (X) the Guarantors may make dividends to the Company and dividends to other Guarantors not prohibited by clause (e)(ix) of this Section 8.21, and (Y) commencing with the first calendar quarter following the first two consecutive calendar quarters as to which the Company is in compliance with each of the covenants set forth in Section 8.20 (provided that for purposes of determining such compliance for purposes of this Section 8.21(a), the applicable ratios in Section 8.20(a) and Section 8.20(c) shall be calculated not only for the applicable fiscal quarter but also for the six-month period ending on the last day of such quarter, and the Company shall be considered in compliance therewith for purposes of this Section 8.21(a) only if the Company has complied for both the applicable fiscal quarter and the applicable six-month period) (such first calendar quarter thereafter, the “Dividend Commencement Quarter”), the Company may declare and pay the regular monthly cash dividend associated with its 10% Series C Cumulative Preferred Stock as in effect on the date of this Agreement (the “Dividend”), provided that at the time of such payment (I) no Event of Default has occurred or with the giving of notice or the passage of time, or both, would occur; and (b) the payment of the Dividend would not cause the Company to fail to comply with any of the financial covenants set forth in Section 8.20; notwithstanding the foregoing, the Company shall not pay any accrued but unpaid Dividend for any quarter preceding to the Dividend Commencement Quarter except out of proceeds in excess of $2,000,000 from Equity Financings (as defined in the Post-Closing Obligations Agreement);”

 

 

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c.     As amended hereby, the Purchase Agreement shall remain in full force and effect.

 

2.     Amendment to Post-Closing Obligations Agreement.

 

a.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, Section 2 of the Post-Closing Obligations Agreement is hereby amended to change “forty-five days after the Initial Closing Date” to “October 31, 2015.”

 

b.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, Section 3 of the Post-Closing Obligations of the Post-Closing Obligations Agreement is hereby amended to change “forty-five days after the Initial Closing Date” to “October 31, 2015,” and to add the following at the end thereof: 

 

“Notwithstanding the foregoing, in the event that the Company delivers to the Agent evidence (reasonably satisfactory to the to the Agent) that such liens have not been extended and accordingly expired on June 30, 2015, the Company’s obligations under this Section 4 shall be deemed satisfied.”

 

c.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, Section 4 of the Post-Closing Obligations Agreement is hereby amended to change “June 30, 2015” to “October 31, 2015.” 

 

d.     Each of the Creditor Parties, severally and not jointly, hereby agrees with the Company that, as of the date first written above, there is hereby added to the Post Closing Obligations Agreement a new Section 6, to immediately follow Section 5 and to read in its entirety as follows:

 

“After August 14, 2015 but not later than December 31, 2015, the Company shall issue and sell its common stock and/or non-redeemable preferred stock whose dividends are payable only in kind (“Equity Securities”) in one or more capital raising transaction (any issuance and sale by the Company of its Equity Securities in a capital raising transaction after August 14, 2015, an “Equity Financing”) in which the aggregate net cash proceeds to the Company are at least $2,000,000.” The first $2,000,000 in aggregate net cash proceeds to the Company from Equity Financings shall be treated as if they were proceeds from the sale of the Initial Notes and shall be used only for the purposes listed on Schedule 8.9 to the Purchase Agreement.

 

 

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e.     As amended hereby, the Post-Closing Obligations Agreement shall remain in full force and effect.

 

 

3.     Limited Waivers.

 

a.     Subject to the conditions set forth in Section 3(b), each of the Creditor Parties, severally and not jointly, hereby waives (i) each of the Subject Defaults, and (ii) the Company’s obligation to comply with the covenants set forth in Sections 8.20(a) and 8.20(c) of the Purchase Agreement with respect to (and solely with respect to) the quarter ending September 30, 2015. Each of the Creditor Parties acknowledges that the Company’s breach of paragraph 3 of Schedule 8.31 to the Purchase Agreement has been cured.

 

b.     The limited waivers set forth in Section 3(a) hereof (i) are not, nor shall they be deemed to be, waivers under any other circumstance or waivers of any other condition, requirement, provision or breach of, or rights under, the Purchase Agreement, the Notes, the Post-Closing Obligations Agreement, any of the other Related Agreements or any other agreement or instrument, including the Company’s obligations to hereafter comply with Section 8.9 of the Purchase Agreement and Sections 2, 3 and 4 of the Post-Closing Obligations Agreement, as amended hereby, and the Company’s obligations to comply with the covenants set forth in Sections 8.20(a) and 8.20(c) of the Purchase Agreement with respect to any fiscal quarter other than the fiscal quarter ending September 30, 2015, and (ii) do not, nor shall they be deemed to, establish a custom or course of dealing.

 

4.     Representations and Warranties of the Company. The Company represents and warrants to each of the Buyers that:

 

a.     Authorization; Enforcement; Validity. Each of the Company and its Subsidiaries is a duly organized and validly existing corporation or limited liability company and has the requisite corporate or limited liability company power and authority to enter into and perform its obligations under this Agreement, the Purchase Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements. The execution and delivery of this Agreement by the Company and its Subsidiaries and the consummation of the transactions contemplated hereby, by the Purchase Agreement (as amended hereby), by the Post-Closing Obligations Agreement (as amended hereby), by the Notes and by the other Related Agreements have been duly authorized by the respective boards of directors of the Company and its Subsidiaries, and no further consent or authorization is required by the Company, its Subsidiaries or their respective boards of directors or shareholders. This Agreement has been duly executed and delivered by the Company and each of its Subsidiaries, and each of this Agreement, the Purchase Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements constitutes a valid and binding obligation of each of the Company and its Subsidiaries (as applicable), enforceable against each of the Company and its Subsidiaries (as applicable) in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

 

 

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b.     No Conflicts. The execution and delivery of this Agreement, the Purchase Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements by each of the Company and its Subsidiaries, the performance by each of the Company and its Subsidiaries (as applicable) of their respective obligations hereunder, under the Purchase Agreement (as amended hereby), under the Post-Closing Obligations Agreement (as amended hereby), under the Notes and under the other Related Agreements, and the consummation by each of the Company and its Subsidiaries (as applicable) of the transactions contemplated hereby, by the Purchase Agreement (as amended hereby), by the Post-Closing Obligations Agreement (as amended hereby), by the Notes and by the other Related Agreements will not (i) result in a violation of the articles of incorporation or the bylaws of the Company or the organizational documents of any of the Company’s Subsidiaries; (ii) conflict with, or constitute a breach or default (or an event which, with the giving of notice or lapse of time or both, constitutes or would constitute a breach or default) under, or give to others any right of termination, amendment, acceleration or cancellation of, or other remedy with respect to, any agreement, indenture or instrument to which the Company or any of its Subsidiaries is a party; or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected. Neither the Company nor any of its Subsidiaries is required to obtain any consent, authorization or order of or make any filing or registration with, any court or governmental agency or any regulatory or self-regulatory agency in order for it to execute, deliver or perform any of its obligations under, or contemplated by, this Agreement, the Purchase Agreement (as amended hereby) the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements.

 

c.     Existing Representations. Each of the representations and warranties made by the Company or any of its Subsidiaries in the Purchase Agreement or any other Related Agreement is true and correct in all material respects (without duplication of any materially qualifiers) as of the date hereof.

 

5.     Representation and Warranties of each of the Creditor Parties. Each of the Creditor Parties, severally, and not jointly, represents and warrants to the Company that (a) such Creditor Party has the requisite power and authority to enter into and perform its obligations under this Agreement, and (b) this Agreement has been duly and validly authorized, executed and delivered on behalf of such Creditor Party and is a valid and binding agreement of such Creditor Party, enforceable against such Creditor Party in accordance with its terms.

 

6.     Acknowledgment of the Company and its Subsidiaries. The Company, on behalf of itself and each of its Subsidiaries, hereby irrevocably and unconditionally acknowledges, affirms and covenants to each Creditor Party that:

 

 

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a.     such Creditor Party is not in default under any of the Transaction Documents and has not otherwise breached any obligations to the Company or any of its Subsidiaries; and

 

b.     there are no offsets, counterclaims or defenses to the Liabilities (as defined in the Security Agreement) or Obligations (as defined in the Subsidiary Guaranty), including the liabilities and obligations of the Company under the Notes, or to the rights, remedies or powers of such Creditor Party in respect of any of the Liabilities or Obligations or the Purchase Agreement or any of the Related Agreements, and the Company and each of its Subsidiaries agrees not to interpose (and each does hereby waive and release) any such defense, set-off or counterclaim in any action brought by such Creditor Party with respect thereto.

 

7.     Avoidance of Doubt. The parties hereto hereby agree, for the avoidance of doubt, that the terms “Liabilities” and “Obligations” as used in the Related Agreements shall include all liabilities and obligations of the Company under this Agreement, under the Purchase Agreement (as amended hereby), under the Post-Closing Obligations Agreement (as amended hereby), under the Notes and under the other Related Agreements, and each of the parties hereto agrees not to take any contrary positions. 

 

8.     Expenses. In accordance with Section 12.18 of the Purchase Agreement (as amended hereby), contemporaneously with the execution and delivery of this Amendment, the Company shall reimburse each of the Buyers for all of the out-of-pocket fees, costs and expenses (including legal fees and expenses) incurred thereby in connection with the drafting, negotiation and execution of this Amendment. 

 

9.     Reservation of Rights. Except as expressly set forth in Section 3(a) hereof, and subject to the terms and conditions of Section 3(b) hereof, none of the Creditor Party has hereby waived (a) any breach, default or Event of Default that may be continuing under the Purchase Agreement, the Post-Closing Obligations Agreement, the Notes or any of the other Related Agreements (or any event or circumstance that, with the passage of time, the giving of notice, or both, would become such a breach, default or Event of Default), or (b) any of such Creditor Party’s rights or remedies arising from any such breach, default or Event of Default or otherwise available under the Purchase Agreement, the Post-Closing Obligations Agreement, the Notes or any of the other Related Agreements or at law or in equity. Each of the Buyers expressly reserves all such rights and remedies.

 

10.     Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. The successors and assigns of such entities shall include their respective receivers, trustees or debtors-in-possession.

 

11.     Further Assurances. The Company hereby agrees from time to time, as and when requested by any Creditor Party, to execute and deliver or cause to be executed and delivered, all such documents, instruments and agreements, including secretary’s certificates, and to take or cause to be taken such further or other action, as any Creditor Party may reasonably deem necessary or desirable in order to carry out the intent and purposes of this Agreement, the Purchase Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements.

 

 

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12.     Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under the Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

13.     Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party. In the event that any signature to this Agreement or any amendment hereto is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. No party hereto shall raise the use of a facsimile machine or e-mail delivery of a “.pdf” format data file to deliver a signature to this Agreement or any amendment hereto or the fact that such signature was transmitted or communicated through the use of a facsimile machine or e-mail delivery of a “.pdf” format data file as a defense to the formation or enforceability of a contract, and each party hereto forever waives any such defense.

 

14.     Section Headings. The section headings herein are for convenience of reference only, and shall not affect in any way the interpretation of any of the provisions hereof.

 

15.     No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party.

 

16.     Merger. This Agreement, the Purchase Agreement (as amended hereby), the Post-Closing Obligations Agreement (as amended hereby), the Notes and the other Related Agreements represent the final agreement of each of the parties hereto with respect to the matters contained herein and may not be contradicted by evidence of prior or contemporaneous agreements, or prior or subsequent oral agreements, among any of the parties hereto. Except as expressly set forth in this Agreement, in the Purchase Agreement (as amended hereby), in the Post-Closing Obligations Agreement (as amended hereby), in the Notes and in the other Related Agreements, neither the Company nor any of the Creditor Parties makes any representation, warranty, covenant or undertaking with respect to such matters.

 

 

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17.     Interpretative Matters. Unless otherwise indicated or the context otherwise requires, (i) all references to Sections, Schedules, Appendices or Exhibits are to Sections, Schedules, Appendices or Exhibits contained in or attached to this Agreement, (b) words in the singular or plural include the singular and plural and pronouns stated in either the masculine, the feminine or neuter gender shall include the masculine, feminine and neuter, (c) the words “hereof,” “herein” and words of similar effect shall reference this Agreement in its entirety, and (d) the use of the word “including” in this Agreement shall be by way of example rather than limitation.

 

18.     Reaffirmation. Each of the Company and its Subsidiaries as issuer, debtor, grantor, pledgor, mortgagor, guarantor or assignor, or in other any other similar capacity in which such Person grants Liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) acknowledges and agrees that it has reviewed this Agreement, (ii) ratifies and reaffirms all of its obligations, contingent or otherwise, under each of the Purchase Agreement (as amended hereby) and the other Related Agreements to which it is a party (after giving effect hereto), and (iii) to the extent such Person granted Liens on or security interests in any of its property pursuant to any such Related Agreement as security for or otherwise guaranteed the Liabilities or Obligations under or with respect to the Purchase Agreement or any of the Related Agreements, ratifies and reaffirms such guarantee and grant of security interests and Liens and confirms and agrees that such security interests and Liens hereafter secure all of the Liabilities and Obligations as amended hereby. Each of the Company and its Subsidiaries hereby consents to this Agreement and acknowledges that each of the Purchase Agreement (as amended hereby) and the Related Agreements remains in full force and effect and is hereby ratified and reaffirmed.

 

[Remainder of page intentionally left blank; Signature page follows]

 

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Note Purchase Agreement to be duly executed and delivered by their duly authorized officers as of the date first set forth above.

 

	
COMPANY:

GREEN HUNTER RESOURCES, INC.,

 

 

 

By:                                                                          
Name: 
Title: Authorized Signatory

 
	
 

 

 

 

 

 

 

*** Signature pages continued on next page ***

 

 

 

 

 

	
AGENT:

BAM ADMINISTRATIVE SERVICES LLC,
as Agent

 

 

By:                                                                             
Name: Daniel Saks
Title: Authorized Signatory
	  

 

 

 

 

 

*** Signature pages continued on next page ***

 

 

 

 

PURCHASERS:

 

	
BRE WNIC 2013 LTC PRIMARY

 

By:                                                                           
Name:
Title:
	
BRE WNIC 2013 LTC SUB

 

By:                                                                        
Name:
Title:

	 	 
	 	 
	 	 
	 	 
	  	
BRE BCLIC SUB

 

By:                                                                        
Name:
Title:

 

 

 

 

 

 

*** Signature pages continued on next page ***

 

 

 

 

	 	
ACKNOWLEDGED AND AGREED TO

as of August 13, 2015

	 	 
	
SUBSIDIARIES OF THE cOMPANY:
	 
	 	 
	
GreenHunter Resources, Inc., 
	
GreenHunter Environmental Solutions, LLC, a Delaware limited liability company

	 	 
	
By:                                                                             

Name:                                                                       

Title:                                                                         
	
By:                                                                            

Name:                                                                       

Title:                                                                         

	 	 
	
Hunter Disposal, LLC, a Delaware limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         
	
Hunter Hauling, LLC, a Texas limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	 	 
	
GreenHunter Water, LLC, a Texas limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	
Little Muskingum Drilling LLC, an Ohio limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	 	 
	
Ritchie Hunter Water Disposal, LLC, a Delaware limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	
Virco Realty LLC, an Ohio limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	 	 
	
MAG Tank Hunter, LLC, a Texas limited liability company 

 

By:                                                                            

Name:                                                                       

Title:                                                                         

	
White Top Oilfield Construction, LLC, a Texas limited liability company 

 

By:                                                                            

Name:                                                                       

Title:EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED STOCKHOLDER VOTING AGREEMENT 

THIS AMENDED AND RESTATED STOCKHOLDER VOTING AGREEMENT, dated as of August 4, 2015 (as amended, modified or supplemented from time to
time in accordance with its terms, this “Agreement”), is entered into by and between Allergan plc, a company incorporated under the laws of Ireland (“Parent”), and each of the individuals or entities listed on
the signature pages hereto (each, a “Stockholder” and, together, the “Stockholders”) and amends and restates in its entirety that certain Stockholder Voting Agreement, dated as of June 17, 2015, by and among
Parent and the Stockholders (the “Original Agreement”). 
 RECITALS 

A. Parent and each Stockholder desire to amend and restate the Original Agreement in its entirety on the terms and subject to the
conditions set forth herein. 
 B. Concurrently with the execution and delivery of this Agreement, Parent, Keto Merger Sub, Inc., a
Delaware corporation (“Merger Sub”), and KYTHERA Biopharmaceuticals, Inc., a Delaware corporation (the “Company”), are entering into that certain Amended and Restated Agreement and Plan of Merger, dated as of the
date hereof (as amended, modified or supplemented from time to time in accordance with its terms, the “Merger Agreement”; capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger
Agreement), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent. 

C. As a condition and inducement to the willingness of Parent and Merger Sub to enter into the Merger Agreement, each of Parent and
Merger Sub has required that each Stockholder agree, and each Stockholder has agreed, to enter into this Agreement with respect to the shares of Company Common Stock set forth opposite such Stockholder’s name on Schedule I (the
“Subject Shares”). 
 AGREEMENT 

The parties to this Agreement, for and in consideration of the premises and the consummation of the transactions referred to above, intending
to be legally bound, hereby mutually covenant and agree as follows: 
 SECTION 1 VOTING AGREEMENT; GRANT OF PROXY 

1.1 Voting Agreement.  

(a) During the Agreement Period (as defined below), each Stockholder hereby agrees that, at any meeting (whether annual or special and
whether or not an adjourned or postponed meeting) of the holders of shares of Company Common Stock, however called (each, a “Company Stockholders Meeting”), and in connection with any written consent of the holders of shares of
Company Common Stock, such Stockholder shall, unless Parent votes the Subject Shares pursuant to the proxy granted by Section 1.2, vote (or cause to be voted) or, if applicable, deliver (or caused to be delivered) a written consent with respect
to all of such Stockholder’s 

 
Subject Shares, in each case, to the fullest extent that such Subject Shares are entitled to be voted at the time of any vote or action by written consent: 

(i) in favor of (A) the adoption of the Merger Agreement, the Merger and the approval of all agreements related to the Merger and
any actions related thereto; and (B) without limitation of the preceding clause (A), the approval of any proposal to adjourn or postpone the Company Stockholders Meeting to a later date if there are not sufficient votes for adoption of the
Merger Agreement on the date on which the Company Stockholders Meeting is held; and 
 (ii) against (A) any Competing Proposal
or any acquisition agreement related to such Competing Proposal; (B) any election of new directors to the Company Board, other than nominees to the Company Board who are serving as directors of the Company on the date hereof or who are
nominated for election by a majority of the Company Board, or as otherwise provided in the Merger Agreement; (C) any action, proposal, transaction or agreement that would reasonably be expected to result in a breach of any covenant,
representation or warranty or any other obligation or agreement of such Stockholder under this Agreement or of the Company under the Merger Agreement; (D) each of the following actions (other than the Transactions): (I) any extraordinary
corporate transaction, such as a merger, consolidation or other business combination involving the Company or any of its Subsidiaries (II) any sale, lease or other transfer of a material amount of the assets of the Company or any of its
Subsidiaries, taken as a whole, and (III) any reorganization, recapitalization, dissolution, liquidation or winding up of the Company or any of its Subsidiaries; and (E) any corporate action the consummation of which would reasonably be
expected to frustrate the purposes, or prevent or delay consummation of the Transactions in any material respect. 
 (b) Subject to
the proxy granted under Section 1.2, each Stockholder shall retain at all times the right to vote or exercise such Stockholder’s right to consent with respect to such Stockholder’s Subject Shares in such Stockholder’s sole
discretion and without any other limitation on those matters other than those set forth in Section 1.1(a) that are at any time or from time to time presented for consideration to the Company’s stockholders generally; provided that
such vote or consent would not reasonably be expected to frustrate the purposes, or prevent or delay consummation, of the Transactions in any material respect. 

1.2 Irrevocable Proxy. 

(a) Each Stockholder hereby revokes (or agrees to cause to be revoked) any and all proxies that it has heretofore granted with respect
to the Subject Shares that conflict with this Agreement. Each Stockholder hereby irrevocably appoints Parent as attorney-in-fact and proxy, with full power of substitution, for and on behalf of such Stockholder, for and in the name, place and stead
of such Stockholder, to (i) vote, express consent or dissent or issue instructions to the record holder of such Stockholder’s Subject Shares to vote such Subject Shares in accordance with the provisions of Section 1.1 at any Company
Stockholders Meeting, and (ii) grant or withhold, or issue instructions to the record holder of such Stockholder’s Subject Shares to grant or withhold, in accordance with the provisions of Section 1.1, all written consents with
respect to the Subject Shares. 

  
 2 

 (b) The foregoing proxy shall be deemed to be a proxy coupled with an interest, is
irrevocable (and as such shall survive and not be affected by the death, incapacity, mental illness or insanity of such Stockholder) until the end of the Agreement Period and shall not be terminated by operation of any Law or upon the occurrence of
any other event other than the termination of this Agreement pursuant to Section 4.3. Each Stockholder hereby affirms that the irrevocable proxy set forth in this Section 1.2 is given in connection with, and granted in consideration of and
as an inducement to Parent entering into the Merger Agreement and that such irrevocable proxy is given to secure the obligations of such Stockholder under Section 1.1. Parent covenants and agrees with each Stockholder that Parent will exercise
the foregoing proxy consistent with the provisions of Section 1.1. 
 SECTION 2 REPRESENTATIONS AND WARRANTIES 

2.1 Representations and Warranties of Stockholder. Each Stockholder, severally but not jointly as to any other Stockholder, represents
and warrants to Parent as follows (it being understood that, except where expressly stated to be given or made as of the date hereof only, the representations and warranties contained in this Section 2.1 shall be made as of the date hereof, as
of the Effective Time and as of the date of each Company Stockholders Meeting): 
 (a) Organization. If such Stockholder is
not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization. 

(b) Authorization. If such Stockholder is not an individual, it has the requisite corporate, limited liability company,
partnership or trust power and authority, and has taken all action necessary, to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. If such Stockholder is an individual, such
Stockholder has full legal capacity, right and authority to execute and deliver this Agreement and to perform such Stockholder’s obligations hereunder. This Agreement has been duly executed and delivered by such Stockholder and constitutes a
valid and binding obligation of such Stockholder and, assuming the due authorization, execution and delivery hereof by Parent, is enforceable against such Stockholder in accordance with its terms, subject to the Bankruptcy and Equity Exception. If
such Stockholder is married, and any of the Subject Shares of such Stockholder constitute community property or otherwise need spousal or other approval for this Agreement to be legal, valid and binding, this Agreement has been duly executed and
delivered by such Stockholder’s spouse solely with respect to such Subject Shares and, assuming the due authorization, execution and delivery hereof by Parent, is enforceable against such Stockholder’s spouse in accordance with its terms,
subject to the Bankruptcy and Equity Exception. If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into and perform this Agreement. 

(c) No Conflict. 

(i) Neither the execution and delivery of this Agreement by such Stockholder nor the consummation by such Stockholder of the
transactions contemplated hereby, nor compliance by such Stockholder with any of the terms or provisions hereof, will (A) if such Stockholder is not an individual, conflict with or violate any provision of its articles of

  
 3 

 
incorporation, bylaws or similar organizational documents, (B) assuming that each of the filings referred to in Section 2.1(c)(ii) are made and any applicable waiting periods referred
to therein have expired, violate any Law or judgment, decree, injunction, rule or order of any arbitrator or Governmental Entity (a “Judgment”) applicable to such Stockholder, or (C) require any consent or other action by any
Person under, result in any violation or breach of, result in the loss of a benefit under, conflict with any provision of, or constitute a default (with or without notice or lapse of time, or both) under, or give rise to any right of termination,
amendment, acceleration or cancellation of, any of the terms, conditions or provisions of any Contract to which such Stockholder is a party, or result in the creation of a Lien upon such Stockholder’s Subject Shares, other than in the case of
clauses (B) and (C) as has not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on such Stockholder’s ability to perform its obligations under this Agreement. 

(ii) Except for (A) compliance with any applicable requirements of the Securities Act, the Exchange Act or any other United
States state or federal securities Laws, (B) compliance with any NASDAQ rules, and (C) actions or filings the failure of which to be made or obtained has not had, and would not reasonably be expected to have, individually or in the
agregate, a material adverse effect on such Stockholder’s ability to perform its obligations under this Agreement, no consents or approvals of, or filings, declarations or registrations with, any Governmental Entity or any other Person are
necessary for the execution and delivery of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby. 

(d) Ownership of Subject Shares. As of the date hereof, such Stockholder (together with such Stockholder’s spouse if such
Stockholder is married and the Subject Shares constitute community property under applicable Law) is, and at all times during the Agreement Period will be, the record and beneficial owner (for purposes of this Agreement, as defined in Rule 13d-3
under the Exchange Act) of such Stockholder’s Subject Shares free and clear of any Liens and with no restrictions on such Stockholder’s rights of voting or disposition pertaining thereto, except for any applicable restrictions on Transfer
under the Securities Act. Except as otherwise disclosed on Schedule I, the Subject Shares set forth on Schedule I opposite the name of such Stockholder constitute (i) all of the shares of Company Common Stock held by such
Stockholder as of the date hereof and (ii) all of the shares of Company Common Stock subject to Company Stock Options held by such Stockholder which are exercisable as of the date hereof or will become exercisable within 60 days thereafter.
Other than as set forth or otherwise disclosed on Schedule I (and excluding any shares of Company Common Stock subject to Company Stock Options held by such Stockholder which will become exercisable more than 60 days after the date of
this Agreement), as of the date hereof, such Stockholder does not beneficially own any (x) shares of capital stock or other voting securities of or ownership interests in the Company, (y) securities of the Company convertible into or
exchangeable for shares of capital stock or other voting securities of or ownership interests in the Company, or (z) warrants, calls, options or other rights to acquire from the Company any capital stock or other voting securities or ownership
interests in or any securities convertible into or exchangeable or exercisable for capital stock or other voting securities or ownership interests in the Company. 

  
 4 

 (e) Proxy. Except for this Agreement, none of such Stockholder’s Subject
Shares are subject to any voting agreement, voting trust or other agreement or arrangement, including any proxy, consent or power of attorney, with respect to the voting of the Subject Shares on the date hereof, except pursuant to this Agreement.
Such Stockholder further represents that any proxies heretofore given in respect of the Subject Shares, if any, are revocable. 
 (f)
Absence of Litigation. With respect to such Stockholder, as of the date hereof, there is no legal, administrative or arbitral proceeding, suit, claim, arbitration, mediation, action, investigation or demand (a “Legal
Proceeding”) pending or, to the knowledge of such Stockholder, threatened against or affecting such Stockholder or any of his, her or its properties, assets or Affiliates (including such Stockholder’s Subject Shares) that could
reasonably be expected to impair the ability of such Stockholder to perform his, her or its obligations hereunder or to consummate the transactions contemplated hereby on a timely basis. 

(g) Reliance. Such Stockholder understands and acknowledges that Parent and Merger Sub are entering into the Merger Agreement in
reliance upon such Stockholder’s execution, delivery and performance of this Agreement. 
 (h) Finder’s Fees. No
agent, broker, investment banker, finder or other intermediary is or will be entitled to any fee or commission or reimbursement of expenses from Parent, Merger Sub or the Company or any of their respective Affiliates in respect of this Agreement
based upon any arrangement or agreement made by or on behalf of such Stockholder. 
 2.2 Representations and Warranties of Parent.
Parent hereby represents and warrants, as of the date hereof and as of the Effective Time, to the Stockholders as follows: 
 (a)
Organization; Authorization. Parent (i) is a corporation duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization and (ii) has all requisite corporate power and authority necessary
to own or lease and operate all of its properties and assets and to carry on its business as it is now being conducted. This Agreement has been duly executed and delivered by Parent and constitutes a valid and binding obligation of Parent and,
assuming the due authorization, execution and delivery hereof by the Stockholders, is enforceable against Parent in accordance with their respective terms, subject in each case to the Bankruptcy and Equity Exception. 

(b) No Conflict. 

(i) Neither the execution and delivery of this Agreement by Parent nor the consummation by Parent of the transactions contemplated
hereby, nor compliance by Parent with any of the terms or provisions hereof, will (A) conflict with or violate any provision of the Parent Governing Documents, as amended to the date of this Agreement, (B) assuming that each of the filings
referred to in Section 2.2(b)(ii) are made and any applicable waiting periods referred to therein have expired, violate any Law or Judgment applicable to Parent or any of its Subsidiaries, or (C) require any consent or other action by any
Person under, result in any violation or breach of, result in the loss of a benefit under, conflict with any provision of, or constitute a default (with our without notice or lapse of time, or both) under, or give rise to any right of termination,
amendment, acceleration or cancellation of, any of the terms, conditions or provisions of any Contract to which Parent or any of its Subsidiaries is a party, other than in the 

  
 5 

 
case of clauses (B) and (C) as has not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on such the ability of Parent to
perform its obligations under this Agreement. 
 (ii) Except for (A) compliance with any applicable requirements of the
Securities Act, the Exchange Act or any other United States state or federal securities Laws, (B) compliance with any NYSE rules, and (C) actions or filings the failure of which to be made or obtained has not had, and would not reasonably
be expected to have, individually or in the agregate, a material adverse effect on the ability of Parent to perform its obligations under this Agreement, no consents or approvals of, or filings, declarations or registrations with, any Governmental
Entity or any other Person are necessary for the execution and delivery of this Agreement by Parent and the consummation by Parent of the transactions contemplated hereby. 

SECTION 3 CERTAIN COVENANTS 
 3.1 No
Solicitation. Without limiting and subject to the provisions of Section 4.15, during the Agreement Period, each Stockholder agrees that it will not, directly or indirectly, take any action or omit to take any action that the Company is not
permitted to take or omit to take pursuant to Section 5.3 of the Merger Agreement. 
 3.2 No Proxies for, Transfers of, or Liens on
Subject Shares.  
 (a) Except pursuant to the terms of this Agreement, including Section 3.2(b), during the Agreement
Period, no Stockholder shall (nor permit any Person under such Stockholder’s control to), without the prior written consent of Parent, directly or indirectly, (i) grant any proxies, consents, powers of attorney, rights of first offer or
refusal or enter into any voting trust or voting agreement or arrangement that conflict with the proxy granted pursuant to Section 1.2, (ii) sell (including short sell), assign, transfer, tender, pledge, encumber, grant a participation
interest in, hypothecate, place in trust or otherwise dispose of (including by gift), whether voluntarily or by operation of Law, or limit its right, title or interest or right to vote in any manner with respect to (except, in each case, by will or
under the laws of intestacy) any Subject Shares (each, a “Transfer”), (iii) enter into any Contract with respect to the direct or indirect Transfer of any Subject Shares, or (iv) otherwise permit any Liens to be created on
any Subject Shares. 
 (b) Notwithstanding anything in Section 3.2(a) to the contrary, any Stockholder may Transfer Subject
Shares (i) to any member of such Stockholder’s immediate family, (ii) to a trust for the sole benefit of such Stockholder or any member of such Stockholder’s immediate family (i.e., spouse, lineal descendant or antecedent,
brother or sister, adopted child or grandchild or the spouse of any child, adopted child, grandchild or adopted grandchild), (iii) upon the death of such Stockholder, (iv) in the case of a Stockholder that is an entity, to any parent
entity, subsidiary or affiliate under common control with such Stockholder, or to a partner or member of such Stockholder, (v) to effect a cashless exercise for the primary purpose of paying the exercise price of Company Stock Options or to
cover tax withholding obligations in connection with such exercise to the extent permitted by the instruments representing such Company Stock Options or (vi) pursuant to the terms as in effect on the date hereof of a 10b5-1 plan of such
Stockholder that is in existence on the date hereof; provided, that 

  
 6 

 
a Transfer referred to in clause (i) through (iv) of this Section 3.2(b) shall be permitted only if the transferee agrees in writing to be bound by the terms of this Agreement. In
addition, except as otherwise provided on Schedule I, each Stockholder may Transfer up to 20% of such Stockholder’s Subject Shares as a bona fide charitable gift or donation to a charitable entity. 

3.3 Documentation and Information. Each Stockholder (a) consents to and authorizes the publication and disclosure by Parent of
such Stockholder’s identity and holding of Subject Shares, the nature of such Stockholder’s commitments, arrangements and understandings under this Agreement (including, for clarity, the disclosure of this Agreement) and any other
information, in each case, that Parent reasonably determines is required to be disclosed by applicable Law in any press release, any schedules and documents filed with the SEC or any other disclosure document in connection with the Transactions, and
(b) agrees promptly to give to Parent any information related to such Stockholder it may reasonably require for the preparation of any such disclosure documents. Each Stockholder agrees promptly to notify Parent of any required corrections with
respect to any information supplied by such Stockholder specifically for use in any such disclosure document, if and to the extent that any such information shall have become false or misleading in any material respect. Parent hereby consents to and
authorizes each Stockholder to make such disclosure or filings to the extent required by the SEC or NASDAQ. 
 3.4
[Reserved] 
 3.5 Certain Adjustments. In the event of a stock split, stock dividend or distribution, or any
change in the shares of Company Common Stock by reason of a stock split, reverse stock split, recapitalization, combination, reclassification, readjustment, exchange of shares or the like, the term “Subject Shares” shall be deemed
to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or exchanged. 

3.6 Waiver of Appraisal Rights and Actions. Each Stockholder hereby (a) irrevocably waives and agrees not to exercise any and all
rights such Stockholder may have as to appraisal, dissent or any similar or related matter with respect to any of such Stockholder’s Subject Shares that may arise with respect to the Merger or any of the other Transactions, including under
Section 262 of the DGCL, and (b) agrees (i) not to commence or participate in, and (ii) to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against
Parent, Merger Sub, the Company or any of their respective Affiliates relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Merger, including any such claim (A) challenging the
validity of, or seeking to enjoin the operation of, any provision of this Agreement, or (B) alleging a breach of any fiduciary duty of the Company Board in connection with the Merger Agreement or the other Transactions. 

3.7 Further Assurances. Parent and each Stockholder will each execute and deliver, or cause to be executed and delivered, all further
documents and instruments and use their respective reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws, in order to perform their
respective obligations under this Agreement. 

  
 7 

 SECTION 4 MISCELLANEOUS 

4.1 Notices. All notices, requests and other communications to any party hereunder shall be in writing and shall be deemed given if
delivered personally, facsimiled (which is confirmed) or sent by overnight courier (providing proof of delivery) to the parties at the following addresses: 

if to Parent, to: 

Allergan plc 

1 Grand Canal Square 

Docklands 

Dublin 2 

Ireland 

Attention:            Chief Legal Officer and Secretary 

Facsimile:            +1 (862) 261-8043 

with copies (which shall not constitute notice) to: 

Allergan plc 

Morris Corporate Center III 

400 Interpace Parkway 

Parsippany, New Jersey 07054 

Attention:            Chief Legal Officer and Secretary 

Facsimile:            +1 (862) 261-8043 

and 

Covington & Burling LLP 

The New York Times Building 

620 Eighth Avenue 

New York, NY 10018 

Attention:            Andrew W. Ment 

Facsimile:            +1 (646) 441-9012 

if to a Stockholder, to his, her or its address set forth on a signature page hereto, with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

885 Third Avenue 

New York, NY 10022 

Attention:            Alan C. Mendelson and Josh Dubofsky 

Facsimile:            +1 (650) 463-2600 

4.2 Amendment; Waiver. Any provision of this Agreement may be amended or waived during the Agreement Period if, but only if, such
amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or, in the case of a 

  
 8 

 
waiver, by each party against whom the waiver is to be effective. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege. 

4.3 Termination. This Agreement shall automatically terminate and become void and of no further force or effect on the earlier of
(i) the Effective Time, (ii) the termination of this Agreement by written notice from Parent to the Stockholders, (iii) the termination of the Merger Agreement in accordance with its terms, and (iv) with respect to any
Stockholder, upon the entry without the prior written consent of such Stockholder into any material modification or amendment to the Merger Agreement, or any waiver of any of the Company’s rights under the Merger Agreement, in each case, that
(A) reduces or changes the form of the consideration to be paid to such Stockholder in connection with the Merger (except as expressly contemplated pursuant to the terms of the Merger Agreement) or (B) creates any additional conditions to
the consummation of the Merger (the period from the date hereof through such time being referred to as the “Agreement Period”); provided that (x) Section 4.1, Section 4.2, Section 4.5, Section 4.9,
Section 4.10 and Section 4.15 shall survive such termination, and (y) upon termination of this Agreement, all obligations of the parties hereunder will terminate, without any liability or other obligation on the part of any party
hereto to any Person in respect hereof or the transactions contemplated hereby, and no party shall have any claim against another (and no Person shall have any rights against such party), whether under contract, tort or otherwise, with respect to
the subject matter hereof; provided that the termination of this Agreement shall not relieve any party from liability arising from fraud or any willful and intentional breach prior to such termination. For clarity, this Agreement shall not
terminate upon a Change of Recommendation unless the Merger Agreement is terminated. To the extent applicable, each Stockholder hereby consents to the entry into the Merger Agreement for purposes of clause (iv) of Section 4.3 of the
Original Agreement. 
 4.4 No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Parent any direct or
indirect ownership or incidence of ownership of or with respect to any Subject Shares. All rights, ownership and economic benefits of and relating to the Subject Shares shall remain vested in and belong to the Stockholders, and Parent shall have no
authority to direct any Stockholder in the voting or disposition of any of the Subject Shares, except as otherwise provided herein. 

4.5 Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid
by the party incurring such costs or expenses, whether or not the Transactions are consummated. 
 4.6 Representations and
Warranties. The representations and warranties contained in this Agreement and in any certificate or other writing delivered pursuant hereto shall not survive the Effective Time or the termination of this Agreement. 

4.7 Entire Agreement; Counterparts. This Agreement constitutes the entire agreement, 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, including the Original Agreement. This Agreement may be executed in counterparts (each of

  
 9 

 
which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement) and shall become effective when one or more counterparts have been signed by
each of the parties and delivered (by electronic communication, facsimile or otherwise) to the other parties. Until and unless each party has received a counterpart hereof signed by the other parties hereto, this Agreement shall have no effect and
no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). 

4.8 Assignment; Third Party Beneficiaries. The provisions of this Agreement shall be binding upon and shall inure to the benefit of the
parties and their respective successors and assigns. No party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other party; provided, however, that Parent may
assign any of its rights hereunder to a wholly owned direct or indirect Subsidiary of Parent without the prior written consent of the Stockholders, but no such assignment shall relieve Parent of any of its obligations hereunder. This Agreement is
not intended to and shall not confer upon any Person other than the parties hereto (and their respective heirs, successors and permitted assigns) any rights, remedies, benefits, obligations, liabilities or claims hereunder. 

4.9 Governing Law; Jurisdiction. 

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to
any choice or conflict of laws provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. 

(b) Each of the parties hereto hereby agrees that (i) all actions and proceedings arising out of or relating to this Agreement
shall be heard and determined in the Chancery Court of the State of Delaware and any state appellate court therefrom sitting in New Castle County in the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept
jurisdiction over a particular matter, any state or federal court within the State of Delaware), (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) a final Judgment in any action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the Judgment or in any other manner provided by Law. 

(c) Each party irrevocably consents to the service of process outside the territorial jurisdiction of the courts referred to in this
Section 4.9 in any such action or proceeding by mailing copies thereof by registered or certified United States mail, postage prepaid, return receipt requested, to its address as specified in or pursuant to this Agreement. However, the
foregoing shall not limit the right of a party to effect service of process on the other party by any other legally available method. 

4.10 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
BETWEEN THE PARTIES HERETO ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

  
 10 

 4.11 Severability. If any term or other provision of this Agreement is determined by a
court of competent jurisdiction or other Governmental Entity to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full
force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible to the fullest extent permitted by applicable law in a mutually acceptable manner to the end that the transactions contemplated by this Agreement are fulfilled to the extent possible. 

4.12 Enforcement. 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 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 federal court located in the State of Delaware or any Delaware state court, this being in addition to any other remedy to which they are entitled at law or in equity. 

4.13 Construction. When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement
unless otherwise indicated. 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. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,” “herein” and “hereunder” and words of similar import when used in
this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine
as well as to the feminine and neuter genders of such term. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to
time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments
incorporated therein and the rules and regulations promulgated thereunder. References to a Person are also to its permitted assigns and successors. 

4.14 No Presumption. Each of the parties agrees that he, she or it has had the opportunity to review this Agreement with counsel of
his, her or its own choosing and, therefore, waives the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or
document. 
 4.15 Obligations; Stockholder Capacity. The obligations of each Stockholder under this Agreement are several and not
joint, and no Stockholder shall have any liability or obligation under this Agreement for any breach hereunder by any other Stockholder. Each Stockholder is signing and entering this Agreement solely in his, her or its capacity as the beneficial
owner of such Stockholder’s Subject Shares. Notwithstanding anything to the contrary in this Agreement, no Stockholder makes any agreement or understanding in this Agreement in such Stockholder’s

  
 11 

 
capacity as an employee, officer or director of the Company, and nothing herein (i) shall limit or affect in any way any actions that may hereafter be taken by him, her or it in his, her or
its capacity as an employee, officer or director of the Company, including in exercising rights under the Merger Agreement, and no such actions or omissions shall be deemed a breach of this Agreement or (ii) shall be construed to prohibit,
limit or restrict him, her or it from exercising his, her or its fiduciary duties as an employee, officer or director to the Company or its stockholders. 

[Signature Page Follows] 

  
 12 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed as
of the day and year first above written. 
  

					
	 GIVEN under the common seal
 of ALLERGAN PUBLIC
LIMITED
 COMPANY
 and DELIVERED as a DEED:
	 		 	
		 	By:	 	 /s/ A. Robert D. Bailey

		 	Name:	 	A. Robert D. Bailey
		 	Title:	 	Chief Legal Officer and Corporate Secretary

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ Keith R. Leonard, Jr.

		 	Keith R. Leonard, Jr.
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 SPOUSAL CONSENT 

I hereby acknowledge and consent to the terms of this Voting Agreement solely with respect to the Subject Shares of my spouse, including the grant of an
irrevocable proxy in favor of Parent pursuant to this Voting Agreement with respect to such Subject Shares. 
  

	
	 /s/ Nanette L. Leonard

	Signature of Spouse
	
	  

	Name of Spouse
	

  
 SPOUSAL
CONSENT TO 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	LEONARD FAMILY TRUST, DATED AUGUST 28, 1996
		
	By:	 	 /s/ Keith R. Leonard, Jr.

	Name:	 	Keith R. Leonard, Jr.
	Position:	 	Trustee
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ Camille Samuels

		 	Camille Samuels
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	 By:
	 	 /s/ Dennis Fenton

		 	 Dennis Fenton, Ph.D.

		
	 Address:
	 	  

		
		 	  

		
	 Facsimile:
	 	  

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 SPOUSAL CONSENT 

I hereby acknowledge and consent to the terms of this Voting Agreement solely with respect to the Subject Shares of my spouse, including the grant of an
irrevocable proxy in favor of Parent pursuant to this Voting Agreement with respect to such Subject Shares. 
  

	
	 /s/ Linda M. Fenton

	Signature of Spouse
	
	  

	Name of Spouse

  
 SPOUSAL
CONSENT TO 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ F. Michael Ball

		 	F. Michael Ball
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
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 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ Nathaniel David

		 	Nathaniel David, Ph.D.
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
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PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ François Kress

		 	François Kress
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
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 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 Hollings C. Renton, III

		 	Hollings C. Renton, III
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
 SIGNATURE
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 STOCKHOLDER VOTING AGREEMENT 

 SPOUSAL CONSENT 

I hereby acknowledge and consent to the terms of this Voting Agreement solely with respect to the Subject Shares of my spouse, including the grant of an
irrevocable proxy in favor of Parent pursuant to this Voting Agreement with respect to such Subject Shares. 
  

	
	 /s/ Mary Louise Renton

	Signature of Spouse
	
	  

	Name of Spouse

  
 SPOUSAL
CONSENT TO 
 STOCKHOLDER VOTING AGREEMENT 

 
			
	By:	 	 /s/ Joseph L. Turner

		 	Joseph L. Turner
		
	Address:	 	  

		
		 	  

		
	Facsimile:	 	  

  
 SIGNATURE
PAGE 
 STOCKHOLDER VOTING AGREEMENT 

 SPOUSAL CONSENT 

I hereby acknowledge and consent to the terms of this Voting Agreement solely with respect to the Subject Shares of my spouse, including the grant of an
irrevocable proxy in favor of Parent pursuant to this Voting Agreement with respect to such Subject Shares. 
  

	
	 /s/ Lana M. Turner

	Signature of Spouse
	
	  

	Name of Spouse

  
 SPOUSAL
CONSENT TO 
 STOCKHOLDER VOTING AGREEMENT 

 SCHEDULE I 

SUBJECT SHARES 
  

			
	Stockholder(s)	  	Total Number of Subject Shares
	 Keith R. Leonard, Jr. and the Leonard Family Trust, dated August 28, 1996
	  	672,2321,2
	 Camille Samuels
	  	26,2163
	 Dennis Fenton, Ph.D.
	  	57,2254
	 F. Michael Ball
	  	16,0885
	 Nathaniel David, Ph.D.
	  	453,4996
	 François Kress
	  	31,1897
	 Hollings C. Renton, III
	  	5,7888
	 Joseph L. Turner
	  	44,4059

  

	1 	Consists of (a) 1,072,232 shares beneficially owned by Keith R. Leonard, Jr., including (i) 9,105 shares held directly by Keith R. Leonard, Jr., (ii) 763,076 shares held by Leonard Family Trust, dated
August 28, 1996, of which Mr. Leonard is a trustee, and (iii) 300,051 shares that may be acquired pursuant to the exercise of stock options within 60 days of August 4, 2015, minus (b) 400,000 shares in the aggregate
held as of August 4, 2015 by Keith R. Leonard, Jr. and the Leonard Family Trust, dated August 28, 1996 that Parent has agreed shall not be deemed Subject Shares, 266,667 of which are intended to be transferred after the date hereof to one
or more newly formed Delaware trusts for the sole benefit of Keith R. Leonard, Jr. and his spouse and children and 133,333 of which are intended to be transferred as a charitable gift or donation to one or more charitable entities.

	2 	Notwithstanding the last sentence of Section 3.2(b) of the Agreement to which this Schedule I is attached, Keith R. Leonard, Jr. and the Leonard Family Trust, dated August 28, 1996 shall only be permitted to
Transfer up to an aggregate of 71,636 Subject Shares (out of their 672,232 total Subject Shares subject to the Agreement) as a bona fide charitable gift or donation to a charitable entity. 

	3 	Consists of 13,935 shares held by Camille Samuels and 12,281 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	4 	Consists of 3,348 shares held by Dennis Fenton, Ph.D. and 53,877 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	5 	Consists of zero shares held by F. Michael Ball and 16,088 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	6 	Consists of 429,874 shares held by Nathaniel David, Ph.D. and 23,625 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	7 	Consists of zero shares held by Francois Kress and 31,189 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	8 	Consists of zero shares held by Hollings C. Renton, III and 5,788 shares that may be acquired pursuant to the vesting and exercise of stock options within 60 days of August 4, 2015. 

	9 	Consists of 1,872 shares held by Joseph L. Turner and 42,533 shares that may be acquired pursuant to the exercise of stock options within 60 days of August 4, 2015.

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