Document:

Exhibit 10.1

    
      

    

    Back to Form 8-K

     

    Exhibit
      10.1 

     

     

    

      WELLCARE
        HEALTH PLANS, INC.

      2005
        EMPLOYEE STOCK PURCHASE PLAN

      AMENDMENT
        NO. 1

      

      WHEREAS,
        WellCare Health Plans, Inc., a Delaware corporation (the “Company”), maintains
        the WellCare Health Plans, Inc. 2005 Employee Stock Purchase Plan, adopted
        by
        the Board of Directors (the “Board”) of the Company on November 3, 2004 (the
“Plan”), which Plan is intended to qualify as an “employee stock purchase plan”
under Section 423 of the Internal Revenue Code of 1986, as amended, and any
        successor thereto; 

      

      WHEREAS,
        the Compensation Committee (the “Compensation Committee”) of the Board has
        determined that the Plan shall be amended to increase the amount a participant
        may contribute to the Plan from $3,000 to $5,000 per year. 

      

      WHEREAS,
        the Compensation Committee possesses the authority to amend the Plan pursuant
        to
        Section 16(a) thereof; 

      

      NOW,
        THEREFORE, effective January 1, 2007, the Plan shall be amended as
        follows:

       

      
        	
              	1.	
                Section
                  6(b) of the Plan shall be deleted in its entirety and replaced
                  with the
                  following: 

              

      

      

      “(b)
         Payroll
        Deduction Election on Enrollment Agreement.
        At the
        time a Participant files the enrollment agreement with respect to an Offering
        Period, the Participant may authorize payroll deductions to be made on each
        payroll date during the portion of the Offering Period that he or she is
        a
        Participant in an amount not less than 1% and not more than 10% of the
        Participant’s Compensation on each payroll date during the portion of the
        Offering Period that he or she is a Participant; provided, however, that
        no
        Participant’s Plan Contributions may total more than $5,000 in any one calendar
        year.”

       

      
        	
              	2.	
                Except
                  as specifically amended herein, the remaining terms and provisions
                  of the
                  Plan shall remain unmodified and in full force and
                  effect.

              

      

      

      This
        Amendment No. 1 was adopted by the Compensation Committee of the Board of
        Directors of WellCare Health Plans, Inc. on September 27, 2006, to be effective
        on January 1, 2007.

      

       

      WELLCARE
        HEALTH PLANS, INC.

      

      

      By:
        /s/
        Thaddeus Bereday      

      Name:
        Thaddeus Bereday

      Title:
        Senior Vice President and General CounselExhibit 10.2

    
      

    

    Back to Form 8-K

     

    Exhibit
      10.1

     

    

      SECOND
        AMENDMENT TO
        CREDIT AGREEMENT

      

      THIS
        SECOND AMENDMENT TO CREDIT AGREEMENT
        (this
“Amendment”),
        dated
        as of September 28,
        2006,
        is entered into by and among WELLCARE
        HEALTH PLANS, INC.
        (formerly known as WellCare Group, Inc., successor by merger to WellCare
        Holdings, LLC), a Delaware corporation (the “Parent”),
        WCG
        HEALTH MANAGEMENT, INC.
        (formerly known as WellCare Health Plans, Inc.), a Delaware corporation
        (“WCGHM”),
        THE
        WELLCARE MANAGEMENT GROUP, INC.,
        a New
        York corporation (“WMG”),
        and
COMPREHENSIVE
        HEALTH MANAGEMENT, INC.,
        a
        Florida corporation (“CHM”,
        and
        together with WCGHM and WMG, the “Borrowers”
and
        each individually, a “Borrower”),
        each
        Person identified on the signature pages hereto as a “Subsidiary Guarantor” (the
“Subsidiary
        Guarantors”),
        and
        WACHOVIA
        BANK, NATIONAL ASSOCIATION,
        as
        administrative agent (in such capacity, “Administrative
        Agent”)
        under
        the Credit Agreement. 

      

      W
        I T N E S S E T H

      

      WHEREAS,
        the
        Borrowers, the Parent, the Subsidiary Guarantors, the lenders
        from time to time party thereto (the “Lenders”)
        and
        the Administrative Agent are parties to that certain Credit Agreement dated
        as
        of May 13, 2004 (as amended, modified or supplemented from time to time,
        the
“Credit
        Agreement”);
        

       

      WHEREAS,
        the
Borrowers
        have requested that the Credit Agreement be amended as set forth herein;
        and

       

      WHEREAS,
        the
        Required Lenders have agreed to amend the Credit Agreement on the terms and
        conditions set forth herein;

       

      NOW,
        THEREFORE,
        in
        consideration of the agreements hereinafter set forth, and for other good
        and
        valuable consideration, the receipt and adequacy of which are hereby
        acknowledged, the parties hereto agree as follows:

      

      

      PART
        1

      DEFINITIONS

      

      SUBPART
        1.1 Certain
        Definition.
        Unless
        otherwise defined herein or the context otherwise requires, the following
        term
        used in this Amendment, including its preamble and recitals, has the following
        meaning:

      “Second
        Amendment Effective Date”
has
        the
        meaning ascribed thereto in Subpart
        3.1.

      

      SUBPART
        1.2 Other
        Definitions.
        Unless
        otherwise defined herein or the context otherwise requires, terms used in
        this
        Amendment, including its preamble and recitals, have the meanings provided
        in
        the Credit Agreement.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      PART
        2 

      AMENDMENT
        TO CREDIT AGREEMENT

      

      SUBPART
        2.1 Section
        6.10.
        Section
        6.10 of the Credit Agreement is hereby amended and restated in its entirety
        to
        read as follows: 

      

      SECTION
        6.10 Capital Expenditures.
        Permit the aggregate amount of Capital Expenditures made by Parent and the
        Subsidiaries in any period set forth below to exceed the amount set forth
        below
        for such period:

      

      
        	
                Period

                 

              	
                Amount

                 

              
	
                January
                  1, 2004 through December 31, 2004

              	
                $9,000,000

              
	
                January
                  1, 2005 through December 31, 2005

              	
                $30,000,000

              
	
                January
                  1, 2006 through December 31, 2006 

              	
                $35,000,000

              
	
                January
                  1, 2007 through December 31, 2007 and each year
                  thereafter

              	
                $30,000,000

              

      

      

      The
        amount of any Capital Expenditures permitted to be made in respect of any
        period
        above shall be increased by the amount of permitted Capital Expenditures
        set
        forth above for the immediately preceding period that were not made during
        such
        preceding period. Capital Expenditures in any period shall be deemed to use,
        first, the amount set forth above for such period and, second, any amount
        carried forward to such period pursuant to this paragraph.

      

       

      PART
        3

      CONDITIONS
        TO EFFECTIVENESS

      

      SUBPART
        3.1 Second
        Amendment Effective Date.
        This
        Amendment shall be and become effective as of the date on which all of the
        conditions set forth in this Part
        3
        shall
        have been satisfied (the “Second
        Amendment Effective Date”)
        and
        thereafter this Amendment shall be known, and may be referred to, as the
        “Second
        Amendment.”

      

      SUBPART
        3.2 Execution
        of Counterparts of Amendment.
        The
        Administrative Agent shall have received counterparts (or other evidence
        of
        execution, including telephonic message, satisfactory to the Administrative
        Agent) of this Amendment, which collectively shall have been duly executed
        on
        behalf of each of the parties hereto.

      

      SUBPART
        3.3 Execution
        of Lender Consents.
        The
        Administrative Agent shall have received counterparts (or other evidence
        of
        execution, including telephonic message, satisfactory to the Administrative
        Agent) of executed consents, in substantially the form of Exhibit
        A
        attached
        hereto, from the Required Lenders authorizing the Administrative Agent to
        enter
        into this Amendment on their behalf. The delivery by the Administrative Agent
        of
        its signature page to this Amendment shall constitute conclusive evidence
        that
        the consents from the Required Lenders have been obtained.

      

      SUBPART
        3.4 Management
        Agreement.
        The
        Administrative Agent shall have received a copy, certified by a Financial
        Officer of the Parent as true and complete, of each management agreement
        (including any amendments thereto) between CHM and an HMO Subsidiary.

      

      SUBPART
        3.5 Payment
        of Fees.
         The
        Borrowers shall have paid in full all reasonable out-of-pocket fees and expenses
        of the Administrative Agent in connection with the preparation, execution
        and
        delivery of this Amendment, including without limitation, the reasonable
        fees
        and expenses of Moore & Van Allen PLLC.

      

      SUBPART
        3.6 Other.
        The
        Administrative Agent shall have received such other documents, agreements
        or
        information which may be reasonably requested by the Administrative Agent
        relating to the existence of the Loan Parties, the corporate authority for
        and
        the validity of this Amendment and the transactions contemplated hereby,
        and any
        other matters relevant hereto, all in form and substance satisfactory to
        the
        Administrative Agent in its sole good faith discretion. 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      PART
        4 

      MISCELLANEOUS

      

      SUBPART
        4.1 Representations
        and Warranties.
        Each
        Borrower hereby represents and warrants to the Administrative Agent and the
        Lenders that (a) no Default or Event of Default exists under the Credit
        Agreement or any of the other Loan Documents or will exist under the Credit
        Agreement,
        in each
        case
        after
        giving effect to this Amendment,
        and (b)
        the representations and warranties set forth in Article III of the Credit
        Agreement are, subject to the limitations set forth therein, true and correct
        in
        all material respects as of the date hereof (except for those which expressly
        relate to an earlier date).

       

      SUBPART
        4.2 Reaffirmation
        of Obligations and
        Guarantees.
        The
        Parent and each Borrower hereby
        ratifies the Credit Agreement and acknowledges and reaffirms (a) that it
        is
        bound by all terms of the Credit Agreement applicable to it and (b) that
        it is
        responsible for the observance and full performance of its respective
        Obligations.
        The
        Parent and each Subsidiary
        Guarantor
        hereby
        ratifies the Guarantee and Collateral Agreement and acknowledges and affirms
        or
        reaffirms (a) that it is bound by all terms of the Guarantee and Collateral
        Agreement applicable to it and (b) that it is responsible for the observance
        and
        full performance of its respective obligations and guarantees
        thereunder.

      

      SUBPART
        4.3 Cross-References.
        References in this Amendment to any Part or Subpart are, unless otherwise
        specified, to such Part or Subpart of this Amendment.

      

      SUBPART
        4.4 Credit
        Agreement.
        As used
        in the Credit Agreement, the terms “Agreement”, “Credit Agreement”, “herein”,
“hereinafter”, “hereunder”, “hereto”, and words of similar import shall mean,
        from and after the date hereof, the Credit Agreement as amended by this
        Amendment.

       

      SUBPART
        4.5 Counterparts/Telecopy.
        This
        Amendment may be executed by the parties hereto in several counterparts,
        each of
        which shall be deemed to be an original and all of which shall constitute
        together but one and the same agreement. Delivery of executed counterparts
        of
        the Amendment by telecopy shall be effective as an original and shall constitute
        a representation that an original shall be delivered.

      

      SUBPART
        4.6 Governing
        Law.
        THIS
        AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
        INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402
        OF
        THE NEW YORK GENERAL OBLIGATIONS LAW, BUT EXCLUDING ALL OTHER CHOICE OF LAW
        AND
        CONFLICTS OF LAW RULES). 

      

      SUBPART
        4.7 Successors
        and Assigns.
        This
        Amendment shall be binding upon and inure to the benefit of the parties hereto
        and their respective successors and assigns.

      

      SUBPART
        4.8 General.
        Except
        as amended hereby, the Credit Agreement and all other Loan Documents shall
        continue in full force and effect.

      

      [remainder
        of page intentionally left blank]

      

      

      

      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

    

    

    IN
      WITNESS WHEREOF the parties hereto have caused this Amendment to be duly
      executed on the date first above written.

     

    BORROWERS: 

     

    WCG
      HEALTH MANAGEMENT, INC.

     

    By:
      /s/  Todd S. Farha

    Name:
      Todd S. Farha    

    Title:
      President and CEO

     

    THE
      WELLCARE MANAGEMENT GROUP, INC.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO 

    

     

    COMPREHENSIVE
      HEALTH MANAGEMENT, INC. 

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO 

    

    

    

    PARENT: 

     

    WELLCARE
      HEALTH PLANS, INC.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    SUBSIDIARY
      GUARANTORS: 

     

    HARMONY
      HEALTH SYSTEMS, INC.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    HARMONY
      HEALTH MANAGEMENT, INC. 

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    HARMONY
      BEHAVIORAL HEALTH, INC.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    HARMONY
      BEHAVIORAL HEALTH IPA, INC.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    COMPREHENSIVE
      HEALTH MANAGEMENT OF FLORIDA, L.C.

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    COMPREHENSIVE
      LOGISTICS, LLC

     

    
      By:
        /s/  Todd S. Farha

      Name:
        Todd S. Farha    

      Title:
        President and CEO

    

    

    
      
        
          
             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
             

          

        

      

    

    

    WELLCARE
      HEALTHCARE PLANS, INC.

    SECOND
      AMENDMENT TO CREDIT AGREEMENT

    

    ADMINISTRATIVE
      AGENT: WACHOVIA
      BANK, NATIONAL ASSOCIATION, as a Lender and as Administrative Agent on
      behalf
      of the Required Lenders

    

    

    
      By: 
        /s/  Jeanette A. Griffin   

      Name: Jeanette
        A. Griffin    

      Title:
        Director

    

    

    

    
      
        
          
             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
             

          

        

      

    

     

    
      WELLCARE
        HEALTHCARE PLANS, INC.

      SECOND
        AMENDMENT TO CREDIT AGREEMENT

    

    

    EXHIBIT
      A

    

    [FORM
      OF]

    CONSENT
      TO SECOND AMENDMENT 

    TO
      CREDIT AGREEMENT

    

    This
      Consent is given pursuant to the Credit Agreement, dated as of May 13, 2004
      (as
      previously amended and modified, the “Credit Agreement”; and as further amended
      by the Amendment (as hereinafter defined), the “Amended Credit Agreement”), by
      and among WELLCARE
      HEALTH PLANS, INC.
      (formerly known as WellCare Group, Inc., successor by merger to WellCare
      Holdings, LLC), a Delaware corporation (the “Parent”), WCG
      HEALTH MANAGEMENT, INC.
      (formerly known as WellCare Health Plans, Inc.), a Delaware corporation
      (“WCGHM”), THE
      WELLCARE MANAGEMENT GROUP, INC.,
      a New
      York corporation (“WMG”), and COMPREHENSIVE
      HEALTH MANAGEMENT, INC.,
      a
      Florida corporation (“CHM”, and together with WCGHM and WMG, the “Borrowers” and
      each individually, a “Borrower”), the Subsidiary Guarantors from time to time
      party thereto, the lenders from time to time party thereto (the “Lenders”), and
WACHOVIA
      BANK, NATIONAL ASSOCIATION,
      as
      administrative agent (in such capacity, “Administrative Agent”) under the Credit
      Agreement. Capitalized
      terms used herein shall have the meanings ascribed thereto in the Amended Credit
      Agreement unless otherwise defined herein. 

    

    The
      undersigned hereby approves the amendment of the Credit Agreement effected
      by
      the Second Amendment to Credit Agreement (the “Amendment”), dated as of
      September [__],
      2006 by
      and among the Borrowers, the Parent, the Subsidiary Guarantors party thereto,
      and the Administrative Agent and hereby authorizes the Administrative Agent
      to
      execute and deliver the Amendment on its behalf and, by its execution below,
      the
      undersigned agrees to be bound by the terms and conditions of the Amendment
      and
      the Amended Credit Agreement. 

    

    Delivery
      of this Consent by telecopy shall be effective as an original.

    

    A
      duly
      authorized officer of the undersigned has executed this Consent as of the ___
      day of ______________, 2006.  ______________________________,
      as
      a
      Lender

    

     

    By:

     

    Name:
      

     

    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]