Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 

 
 

  Exhibit 10.3    
    

 
 

  VOTING AGREEMENT    
    

        THIS VOTING AGREEMENT, dated as of March 14, 2011 (this "Agreement"), is made
and entered into by and among Lextron, Inc., a Colorado corporation ("Parent"), Buffalo Acquisition, Inc., a Delaware corporation and a
wholly owned subsidiary of Parent ("Merger Sub"), Animal Health International, Inc., a Delaware corporation (the
"Company") and the stockholders of the Company set forth on the signature pages hereto (each, a
"Stockholder" and collectively, the "Stockholders"). 

        WHEREAS, as of the date hereof, each Stockholder is the beneficial owner (as defined in Rule 13d-3 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), which meaning will apply for all purposes of this Agreement) and record owner of that number of
shares of the Company's $0.01 par value common stock ("Company Common Stock") as set forth opposite such Stockholder's name on  Annex A
(together with any other shares of the voting capital stock of the Company that such Stockholder acquires beneficial ownership of in any
capacity after the date hereof and prior to the termination of this Agreement, including as set out in Section 1.04, the
"Subject Shares"); and 

        WHEREAS, concurrently with the execution and delivery hereof, Parent, Merger Sub and the Company are entering into an Agreement and Plan
of Merger, dated as of the date hereof (as it may be amended or supplemented from time to time, the "Merger Agreement"), which provides, among other
things, for the merger of Merger Sub with and into the Company, with the Company surviving the Merger (the "Merger"), upon the terms and subject to the
conditions set forth therein. 

        WHEREAS, as a condition to the willingness of Parent and Merger Sub to enter into the Merger Agreement, Parent and Merger Sub have
requested that each Stockholder agree, and in order to induce Parent and Merger Sub to enter into the Merger Agreement, each Stockholder has agreed, to enter into this Agreement. 

        NOW, THEREFORE, in consideration of the foregoing and the representations, warranties, covenants and agreements set forth herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and subject to the terms and conditions set forth herein, the parties hereto hereby agree as
follows: 

 
 

  ARTICLE 1
  VOTING AND RESTRICTIONS ON TRANSFER    
    

 
 
        1.01    Voting Agreement.     Each Stockholder hereby agrees that prior to the Termination Date, if a meeting of
the stockholders of the Company is held to consider adoption of the Merger
Agreement (the "Stockholders Meeting"), such Stockholder will appear at such meeting, in person or by proxy, or otherwise cause the Subject Shares to be
counted as present thereat for purposes of establishing a quorum and will vote (or cause to be voted) at such meeting, and at any postponement or postponements or adjournment or adjournments thereof,
or consent to (or cause to be consented to) in lieu of such a meeting, all of the Subject Shares which such Stockholder has the right to so vote: 

        (1)   in
favor of the adoption of the Merger Agreement; 

        (2)   in
favor of any other matters necessary to the consummation of the transactions contemplated by the Merger Agreement, including the Merger; 

        (3)   against
the approval or adoption of any Acquisition Proposal (as defined in the Merger Agreement), without regard to the terms of such Acquisition Proposal; 

        (4)   against
any transaction, proposal, agreement or action that would reasonably be expected to materially and adversely affect consummation of the transactions contemplated
by the Merger Agreement; and 

 

        (5)   against
the approval or adoption of any action, proposal, transaction or agreement that, to the knowledge of such Stockholder, would reasonably be expected to result in
any of the conditions set forth in Sections 7.1 and 7.2 of the Merger Agreement to not be satisfied or capable of being satisfied. 

 
 

           1.02    Irrevocable Proxy.     Each Stockholder, by this Agreement, does hereby constitute and appoint
Parent and Merger Sub, or any nominee thereof, and each of them individually, with full
power of substitution and resubstitution, during and for the term of this Agreement, as such Stockholder's true and lawful attorney-in-fact and proxy for and in such
Stockholder's name, place and stead, to vote (or, if such Stockholder holds the Subject Shares beneficially, to instruct nominees or record holders to vote) and otherwise act with respect to all the
Subject Shares that such Stockholder owns beneficially or of record at the time of such vote, at any annual, special or other meeting of the stockholders of the Company, and at any postponement or
postponements or adjournment or adjournments thereof (and this appointment will include the right to sign on behalf of such Stockholder as such Stockholder's attorney-in-fact
any written consent, certificate or other document relating to the Company that Legal Requirements of the State of Delaware may require or permit), but in all cases solely with respect to the matters
set forth in Section 1.01. 

        EACH
STOCKHOLDER HEREBY AFFIRMS THAT THIS PROXY AND POWER OF ATTORNEY AS SET FORTH IN THIS SECTION 1.02 ARE IRREVOCABLE (FOR A
PERIOD COMMENCING ON THE DATE HEREOF AND ENDING ON THE TERMINATION DATE) AND COUPLED WITH AN INTEREST SUFFICIENT TO SUPPORT AN IRREVOCABLE PROXY UNDER APPLICABLE LEGAL REQUIREMENTS. Each Stockholder
hereby further affirms that the irrevocable proxy set forth in this Section 1.02 is given in connection with, and granted in consideration of and
as an inducement to, Parent and Merger Sub entering into the Merger Agreement and such proxy is given to secure the performance of the duties of such Stockholder under this Agreement. Each Stockholder
represents and warrants that any proxies or power of attorneys heretofore given in respect of such Stockholder's Subject Shares that may still be in effect are not irrevocable and each Stockholder
hereby revokes all and any other proxies and power of attorneys with respect to the Subject Shares that such Stockholder may have heretofore made or granted. If for any
reason any proxy granted herein is found by a court of competent jurisdiction to not be irrevocable, then the applicable Stockholder agrees to vote the Subject Shares in accordance with  Section 1.01 above as instructed by Parent or Merger Sub in writing. The parties agree that the foregoing is a voting agreement. For Subject
Shares as to which a Stockholder is the beneficial but not the record owner, such Stockholder shall use commercially reasonable efforts to cause any record owner of such Subject Shares to grant to
Parent or Merger Sub an irrevocable proxy to the same effect as that contained herein. Notwithstanding anything to the contrary provided in this Agreement, this proxy shall only be effective if a
Stockholder fails to appear, or otherwise fails to cause the Subject Shares to be counted as present for purposes of calculating a quorum, at the Stockholders Meeting and to vote the Shares in
accordance with Section 1.01 at the Stockholders Meeting (or consent to the extent that such vote is effected by means of a stockholder written
consent), and the Company hereby acknowledges that the proxy granted hereby shall not be effective for any other purpose. The attorneys and proxies named in this Section 1.02 may not exercise
this irrevocable proxy on any other matters except as provided above, and such Stockholder may vote the Subject Shares on all other matters. 

 
 

           1.03    Restrictions on Transfer.     

        (a)   Until
the Termination Date, except as otherwise provided herein, each Stockholder will not (i) tender into any tender or exchange offer or otherwise Transfer any
of the Subject Shares, (ii) deposit the Subject Shares into a voting trust, enter into a voting agreement or arrangement with any Person with respect to the Subject Shares or grant any proxy or
power of attorney (whether or not revocable) with respect to the Subject Shares to any Person, (iii) enter into any Contract (as defined in the Merger Agreement), option or other arrangement or
undertaking with 

2

 

respect
to the Transfer of any interest, in or the voting of, any Subject Shares, or (iv) commit any act that could restrict or affect such Stockholder's legal power, authority or right to vote
any or all of the Subject Shares then owned of record or beneficially by such Stockholder or otherwise prevent or disable such Stockholder from performing any of such Stockholder's obligations under
this Agreement. 

        (b)   Each
Stockholder understands and agrees that if such Stockholder attempts to Transfer, vote or provide any other Person with the authority to vote any of the Subject
Shares other than in compliance with this Agreement, the Company shall not, and each Stockholder hereby unconditionally and irrevocably instructs the Company to not, (i) permit any such
Transfer on its books and records, (ii) issue (A) book entry shares or (B) a new certificate representing any of the Subject Shares or (iii) record such vote unless and
until such Stockholder shall have complied in all respects with the terms of this Agreement. 

 
 

           1.04    Adjustments.     

        (a)   In
the event (i) of any stock dividend, stock split, reverse split, recapitalization, reclassification, combination or exchange of shares of capital stock or
other securities of the Company on, of or affecting the Subject Shares or the like or any other action that would have the effect of changing a Stockholder's ownership of the Subject Shares or other
Company securities or (ii) a Stockholder becomes the beneficial or record owner of any additional shares of Company Common Stock or other voting securities of the Company during the period
commencing with the execution and delivery of this Agreement through the Termination Date, then the terms of this Agreement will apply to the shares of capital stock held by such Stockholder
immediately following the effectiveness of the events described in clause (i) or such Stockholder becoming the beneficial owner thereof, as described in clause (ii), as though they were
Subject Shares hereunder. 

        (b)   Each
Stockholder hereby agrees, while this Agreement is in effect, to promptly notify Parent in writing of the number of any new shares of Company Common Stock or other
voting securities of the Company acquired by such Stockholder, if any, after the date hereof. 

 
 

  ARTICLE 2
  NO SOLICITATION    
    

 
 
        2.01    No Solicitation.     Prior to the Termination Date, each Stockholder, in its capacity as a stockholder of
the Company and not in any other capacity, agrees that neither it nor any of
its officers and directors shall, and that it shall use its commercially reasonable efforts to cause its employees, agents and advisors (including any attorneys, financial advisors, investment bankers
or accountants) not to, directly or indirectly: (i) initiate, solicit, knowingly encourage or otherwise facilitate the making, submission or announcement of, any Acquisition Proposal,
(ii) participate or engage in any discussions or negotiations regarding, or furnish to any Person any nonpublic information of the Company with respect to, or take any other action to
facilitate any inquiries regarding or the making of any Acquisition Proposal, or (iii) enter into any letter of intent or similar document or any agreement, commitment or understanding
contemplating or otherwise relating to any Acquisition Proposal or a transaction contemplated thereby; provided, that at any time prior to the adoption
of the Merger Agreement by the Company Stockholders (as defined in the Merger Agreement), so long as the Acquisition Proposal is not as a result of a breach of  Section 5.2 of the Merger Agreement
by the Company, each Stockholder may, in response to a written Acquisition Proposal received by the Company,
participate in discussions or negotiations with, request clarifications from, or furnish information to, any Person which makes such an Acquisition Proposal, but only if the Company is permitted to
participate in discussions or negotiations with, request clarifications from, or furnish information to, such Person in accordance with the terms of  Section 5.2 of the Merger Agreement;
provided, however, that nothing in this  Section 2.01 shall prevent any Stockholder, in his or her capacity 

3

 

solely
as a director or executive officer of the Company, from engaging in any activity permitted pursuant to Section 5.2 of the Merger Agreement
solely in such capacity. 

 
 

  ARTICLE 3
  REPRESENTATIONS AND COVENANTS    
    

 
 
        3.01    Representations and Warranties of Each Stockholder.     Each Stockholder represents and warrants to Parent,
Merger Sub and the Company, as of the date hereof and for so long as this Agreement remains in effect, as
follows: 

        (a)   Such
Stockholder is the beneficial owner of the Subject Shares, free and clear of any mortgage, pledge, hypothecation, rights of others, claim, security interest,
charge, encumbrance, title defect, title retention agreement, voting trust agreement, interest, option, lien, charge or similar restriction or limitation (including any restriction on the right to
vote or Transfer any of the Subject Shares), except as may be provided for in this Agreement. 

        (b)   The
Subject Shares constitute all of the securities (as defined in Section 3(10) of the Exchange Act, which definition will apply for all purposes of this
Agreement) of the Company beneficially owned, directly or indirectly, by each Stockholder (excluding any securities beneficially owned by any Stockholder's Affiliates or "associates" (as such term is
defined in Rule 12b-2 under the Exchange Act, which definition will apply for all purposes of this Agreement) as to which such Stockholder does not have voting or investment power). 

        (c)   Except
for the Subject Shares, each Stockholder does not, directly or indirectly, beneficially own or have any option, warrant or other right to acquire any securities
of the Company that are or may by their terms become entitled to vote or any securities that are convertible or exchangeable into or exercisable for any securities of the Company that are or may by
their terms become entitled to vote, nor is such Stockholder subject to any Contract (whether or not legally enforceable), other than this Agreement, that allows or obligates such Stockholder to vote,
acquire or dispose of any securities of the Company. Each Stockholder holds exclusive power to vote the Subject Shares and (other than as set forth in  Section 1.02) has not granted a proxy to any
other Person to vote the Subject Shares. 

        (d)   Each
Stockholder has all necessary corporate, partnership or individual, as applicable, power and authority to execute and deliver this Agreement, to perform such
Stockholder's obligations hereunder and to consummate the transactions contemplated by this Agreement. The execution, delivery and performance by such Stockholder of this Agreement, and the
consummation by it of the transactions contemplated hereby, have been duly and validly authorized by all necessary action on the part of such Stockholder. Each Stockholder is duly organized, validly
existing and in good standing under the laws of its jurisdiction of organization. 

        (e)   This
Agreement has been duly and validly executed and delivered by such Stockholder, constitutes a legal, valid and binding agreement of such Stockholder, enforceable
against such Stockholder in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of
creditors generally or by general equitable principles. 

        (f)    The
execution, delivery and performance of this Agreement does not and will not, (i) require any consent or approval under any Legal Requirement (as defined in
the Merger Agreement), Permit (as defined in the Merger Agreement) or Contract, (ii) violate any other Contract to which any Stockholder or any of their respective Affiliates is a party
including, any voting agreement, stockholders agreement, irrevocable proxy or voting trust, or (iii) contravene, conflict with or result in a violation of any provision of such Stockholder's
organizational documents. 

4

 

        (g)   Neither
the execution and delivery of this Agreement nor the performance by such Stockholder of such Stockholder's respective obligations hereunder will violate any
Legal Requirement applicable to such Stockholder. 

        (h)   Each
Stockholder understands and acknowledges that Parent and Merger Sub are entering into the Merger Agreement in reliance upon such Stockholder's execution and
delivery of this Agreement and the representations, warranties and covenants contained herein. 

 
 

           3.02    Covenants of Stockholder.     Each Stockholder hereby: 

        (a)   agrees,
prior to the Termination Date, not to take any action that would make any representation or warranty of such Stockholder contained herein untrue or incorrect in
any respect such that any of the conditions set forth in Sections 7.1 or 7.2 of the Merger Agreement would not be satisfied or capable of being satisfied; and 

        (b)   irrevocably
waives, and agrees not to exercise, any and all rights of appraisal (including, without limitation, Section 262 of the DGCL) or rights of dissent with
respect to the Merger that such Stockholder may have now or at any time with respect to the Subject Shares. 

 
 

  ARTICLE 4
  DEFINITIONS    
    

 
 
        4.01    Certain Definitions.     Capitalized terms used but not otherwise defined herein have the meanings ascribed
to such terms in the Merger Agreement. For all purposes of and under this
Agreement, the following terms shall have the following respective meanings: 

        "Agreement" has the meaning set forth in the Preamble. 

        "associate" has the meaning set forth in Section 3.01(b). 

        "Company" has the meaning set forth in the Preamble. 

        "Company Common Stock" has the meaning set forth in the Recitals. 

        "Exchange Act" has the meaning set forth in Recitals. 

        "Merger" has the meaning set forth in the Recitals. 

        "Merger Agreement" has the meaning set forth in the Recitals. 

        "Parent" has the meaning set forth in the Preamble. 

        "Merger Sub" has the meaning set forth in the Preamble. 

        "Stockholder" has the meaning set forth in the Preamble. 

        "Subject Shares" has the meaning set forth in the Recitals. 

        "Termination Date" has the meaning set forth in Section 5.01. 

        "Transfer" means, with respect to the Subject Shares, the direct or indirect assignment, sale, transfer, tender exchange, pledge,
hypothecation, or the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, placement in trust, or other disposition of such Subject Shares (including
transfers by merger or otherwise by operation of law) or any right, title or interest therein (including, but not limited to, any right or power to vote to which the holder thereof may be entitled,
whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof. 

5

 
 
 

  ARTICLE 5
  MISCELLANEOUS    
    

 
 
        5.01    Termination.     This Agreement will terminate upon the earlier to occur (the "Termination Date") of (a) the Effective Time,
(b) the date the Merger Agreement is terminated in accordance with its terms (including, without limitation, a termination by the Company pursuant to  Section 8.2(c)(ii) of the Merger
Agreement), or (c) by the mutual written consent of Stockholders, the Company and Parent. Notwithstanding
the preceding sentence, this Article 5 shall survive any termination of this Agreement. Upon termination or expiration of this Agreement, no
party shall have any further obligations or liabilities under this Agreement; provided, however, such
termination or expiration shall not relieve any party from liability for any willful and material breach of or default under this Agreement. 

 
 

          5.02    Stockholder Capacity.     Notwithstanding anything in this Agreement to the contrary: (a) none
of the Stockholders or any of their respective officers, directors or employees makes
any agreement or understanding herein in any capacity other than in such Stockholder's capacity as a record holder and/or beneficial owner of Subject Shares, and not in such Stockholder's or any of
its officers', directors' or employees' capacity as a director, officer or employee of the Company or any of the Company's subsidiaries or in such Stockholder's or any of its officers', directors' or
employees' capacity as a trustee or fiduciary of any employee benefit plan or trust, and (b) nothing herein will be construed to limit or affect any action or inaction by a Stockholder or any
of their respective officers, directors or employees serving on the Board of Directors of the Company or on the Board of Directors of any subsidiary of the Company or as an officer or fiduciary of the
Company, any subsidiary of the Company or any employee benefit plan or trust, acting in such person's capacity as such a director, officer, trustee and/or fiduciary. 

 
 

           5.03    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 of
the Subject Shares. All rights, ownership and economic benefits of and relating to the Subject Shares shall remain vested in and belong to each Stockholder as applicable, and this Agreement shall not
confer any right, power or authority upon Parent or any other Person to direct any Stockholder in the voting of any of the Subject Shares, except as otherwise specifically provided herein. 

 
 

           5.04    Consent.     Each Stockholder consents to and authorizes the Company, Parent and their respective
Affiliates to (a) publish and disclose in the Proxy Statement, any
current report of the Company on Form 8-K and any other documents required to be filed with the SEC or any regulatory authority in connection with the Merger Agreement, such
Stockholder's identity and ownership of the Subject Shares and the nature of such Stockholder's commitments, arrangements and understandings under this Agreement and (b) file this Agreement as
an exhibit to the extent required to be filed with the SEC or any regulatory authority relating to the Merger. 

 
 

           5.06    Expenses.     Except as otherwise expressly provided herein or in the Merger Agreement, all costs
and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such expenses, whether or not the Merger is consummated. 

 
 

          5.07    Further Assurances.     Each Stockholder agrees that, upon request of Parent or Merger Sub, such
Stockholder shall execute and deliver any additional documents and take such further
actions as may reasonably be deemed by Parent or Merger Sub to be necessary or desirable to carry out the provisions of Article I of this Agreement 

 
 

           5.08    Publicity.     Each Stockholder shall consult with Parent and the Company before issuing any press
release or otherwise making any public statements with respect to this
Agreement or the Merger Agreement or the other transactions contemplated hereby or thereby and shall not issue any such press release or make any such public statement before such consultation, except
as may be required by Legal Requirements or applicable stock exchange rules. 

6

 

 
 

           5.09    Specific Performance.     The parties hereto 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 each of the parties hereto shall be entitled, without the securing or posting of any bond, guarantee or other undertaking, to
an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this
being in addition to any other remedy to which they are entitled at law or in equity. In any action for specific performance, the parties will waive the defense of adequacy of a remedy at law. 

 
 

          5.10    Amendments and Waivers.     Any provision of this Agreement may be (a) waived by the party
benefited by the provision, but only in writing, or (b) amended or modified at any
time, but only by a written agreement executed in the same manner as this Agreement, except to the extent that any such amendment would violate applicable Legal Requirements or require submission or
resubmission of the Merger Agreement to the stockholders of the Company. 

 
 

          5.11    Entire Agreement.     This Agreement and the Merger Agreement constitute the entire agreement among
the parties hereto with respect to the subject matter hereof, and supersede all
prior agreements among the parties with respect to such matters. 

 
 

           5.12    Governing Law; Exclusive Jurisdiction.     THIS AGREEMENT AND THE AGREEMENTS, INSTRUMENTS AND
DOCUMENTS CONTEMPLATED HEREBY AND ALL DISPUTES BETWEEN THE PARTIES UNDER OR RELATING TO THIS AGREEMENT OR THE
FACTS AND CIRCUMSTANCES LEADING TO ITS EXECUTION, WHETHER IN CONTRACT, TORT OR OTHERWISE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (WITHOUT REFERENCE TO
SUCH STATE'S PRINCIPLES OF CONFLICTS OF LAW). THE DELAWARE COURT OF CHANCERY (AND IF THE DELAWARE COURT OF CHANCERY SHALL BE UNAVAILABLE, ANY DELAWARE STATE COURT AND THE FEDERAL COURT OF THE UNITED
STATES OF AMERICA SITTING IN THE STATE OF DELAWARE) WILL HAVE EXCLUSIVE JURISDICTION OVER ANY AND ALL DISPUTES BETWEEN THE PARTIES HERETO, WHETHER IN LAW OR EQUITY, BASED UPON, ARISING OUT OF OR
RELATING TO THIS AGREEMENT AND THE AGREEMENTS, INSTRUMENTS AND DOCUMENTS CONTEMPLATED HEREBY OR THE FACTS AND CIRCUMSTANCES LEADING TO ITS EXECUTION, WHETHER IN CONTRACT, TORT OR OTHERWISE. EACH OF
THE PARTIES IRREVOCABLY CONSENTS TO AND AGREES TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS, AGREES THAT PROCESS MAY BE SERVED UPON THEM IN ANY MANNER AUTHORIZED BY THE LAWS OF THE STATE OF
DELAWARE, AND HEREBY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUCH DISPUTE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY CLAIM THAT (i) SUCH PARTY IS NOT PERSONALLY SUBJECT TO THE
JURISDICTION OF SUCH COURTS, (ii) SUCH PARTY AND SUCH PARTY'S PROPERTY IS IMMUNE FROM ANY LEGAL PROCESS ISSUED BY SUCH COURTS OR (iii) ANY LITIGATION COMMENCED IN SUCH COURTS IS BROUGHT
IN AN INCONVENIENT FORUM. 

 
 

           5.13    Waiver of Jury Trial.     THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
RIGHT WHICH ANY PARTY MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY PROCEEDING, LITIGATION OR
COUNTERCLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY. IF THE
SUBJECT MATTER OF ANY LAWSUIT IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY TO THIS AGREEMENT SHALL PRESENT AS A NON-COMPULSORY COUNTERCLAIM IN ANY SUCH LAWSUIT ANY
CLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION 

7

 

WITH
THIS AGREEMENT. FURTHERMORE, NO PARTY TO THIS AGREEMENT SHALL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL CANNOT BE WAIVED. 

 
 

          5.14    Headings.     The descriptive headings contained herein are for convenience and reference only and
will not affect in any way the meaning or interpretation of this Agreement. 

 
 

           5.15    Notices.     All notices and other communications given or made pursuant hereto shall be in writing
and shall be deemed to have been duly given when delivered personally
(including by courier or overnight courier with confirmation), transmitted by facsimile (with confirmation), or delivered by an overnight courier (with confirmation) to the parties at the following
addresses or sent by electronic transmission to the telecopier number specified below: 

        If
to a Stockholder, to 

Charlesbank
Capital Partners

200 Clarendon Street

54th Floor

Boston, Massachusetts 02116

Attention: Michael R. Eisenson

                   Tami E. Nason

Fax No.: (617) 619-5461 

        If
to the Company, to: 

Animal
Health International, Inc.

7 Village Circle, Ste 200

Westlake, Texas 76262

Attention: Damian Olthoff, Esq.

Fax No.: (817) 859-3099 

        With
a copy to: 

DLA
Piper LLP

33 Arch Street, 26th Floor

Boston, Massachusetts 02110-1447

Attention: Michael S. Turner, Esq.

Fax No.: (617) 406-6114 

        If
to Parent or Merger Sub, to: 

Lextron, Inc.

822 Seventh St., Suite 740

P.O. Box 1240

Greeley, CO 80632-1240

Attention: David M. Wagley

Fax No.: 970-356-4623 

        With
a copy to: 

Sherman &
Howard L.L.C.

633 17th Street, Suite 3000

Denver, Colorado 80202

Attention: Gregory Ramos, Esq.

Fax No.: (303) 298-0940 

or
to such other address as any party may have furnished to the other parties in writing in accordance herewith. 

8

 

 
 

           5.16    Counterparts; Effectiveness.     This Agreement may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by all of the other parties hereto. Until and unless each party
has received a counterpart hereof signed by each other party 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). Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in PDF form, or by any other electronic means designed to preserve
the original graphic and pictorial appearance of a document, will be deemed to have the same effect as physical delivery of the paper document bearing the original signatures. 

 
 

          5.17    No Third Party Beneficiaries.     This Agreement is not intended, and shall not be deemed, to confer
any rights or remedies upon any Person other than the parties hereto and their respective
successors and permitted assigns, to create any agreement of employment with any Person or to otherwise create any third-party beneficiary hereto. 

 
 

          5.18    Assignment.     Neither this Agreement nor any of the rights, interests or obligations shall be
assigned by any of the parties hereto (whether by operation of Legal Requirements
or otherwise) without the prior written consent of the other parties; provided, however, that Parent and Merger Sub may transfer or assign its rights
and obligations under this Agreement, in whole or in part or from time to time in part, to one or more of their Affiliates at any time. Any assignment in violation of the foregoing shall be null and
void. Subject to the preceding two sentences, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. 

 
 

          5.19    Severability.     If any term or other provision of this Agreement is invalid, illegal or incapable
of being enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any party. 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 in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible. 

 
 

           5.20    Cumulative.     All rights, powers and remedies provided under this Agreement or otherwise available
in respect hereof at law or in equity will be cumulative and not alternative,
and the exercise of any thereof by Parent or Merger Sub will not preclude the simultaneous or later exercise of any other such right, power or remedy by Parent or Merger Sub. 

 
 

          5.21    No Agreement Until Executed.     Irrespective of negotiations among the parties or the exchanging of
drafts of this Agreement, this Agreement shall not constitute or be deemed to evidence a
contract, agreement, arrangement or understanding between the parties hereto unless and until (a) the Board of Directors of the Company has approved, for purposes of any applicable
anti-takeover laws and regulations and any applicable provision of the Company's certificate of incorporation, as amended and supplemented as of the date hereof, the transactions
contemplated by the Merger Agreement, (b) the Merger Agreement is executed by all parties thereto, and (c) this Agreement is executed by all parties hereto 

[Signatures on following page]

9

 

        IN WITNESS WHEREOF, the parties hereto have duly executed this Voting Agreement on the date first above written. 

 

 

					
	 
	 	 ANIMAL HEALTH INTERNATIONAL, INC.
	 
	 	 By:
	 	 /s/ WILLIAM F. LACEY

 
	 
	 	Name:	 	William F. Lacey
	 
	 	Title:	 	 Senior Vice President and Chief Financial Officer
	 
	 	  LEXTRON, INC.

	 
	 	 By:
	 	 /s/ JOHN ADENT

 
	 
	 	Name:	 	John Adent
	 
	 	Title:	 	 President and Chief Executive Officer
	 
	 	  BUFFALO ACQUISITION, INC.

	

 
	
 	
 By:	
 	
/s/ DAVID R. WAGLEY

 
	 
	 	Name:	 	David R. Wagley
	 
	 	Title:	 	 Vice President, Treasurer and Secretary
	 
	 	  STOCKHOLDERS:

	 
	 	  CHARLESBANK EQUITY FUND VI, LIMITED PARTNERSHIP

	 
	 	 By:
	 	 Charlesbank Equity Fund VI GP, Limited Partnership, its general partner

	 
	 	 By:
	 	 Charlesbank Capital Partners, LLC, its general partner

	 
	 	 By:
	 	 /s/ MICHAEL R. EISENSON

 
	 
	 	Name:	 	Michael R. Eisenson
	 
	 	Its:	 	 Chief Executive Officer and Managing Director
	 
	 	  CB OFFSHORE EQUITY FUND VI, L.P.

	 
	 	 By:
	 	 Charlesbank Equity Fund VI GP, Limited Partnership, its managing general partner

	 
	 	 By:
	 	 Charlesbank Capital Partners, LLC, its general partner

	 
	 	 By:
	 	 /s/ MICHAEL R. EISENSON

 
	 
	 	Name:	 	Michael R. Eisenson
	 
	 	Its:	 	 Chief Executive Officer and Managing Director

 

 Signature Page to Voting Agreement  

 

					
	 
	 	  CHARLESBANK EQUITY COINVESTMENT FUND VI, LIMITED PARTNERSHIP

	 
	 	 By:
	 	 Charlesbank Equity Fund VI GP, Limited Partnership, its general partner

	 
	 	 By:
	 	 Charlesbank Capital Partners, LLC, its general partner

	 
	 	 By:
	 	 /s/ MICHAEL R. EISENSON

 
	 
	 	Name:	 	Michael R. Eisenson
	 
	 	Its:	 	 Chief Executive Officer and Managing Director
	 
	 	  CHARLESBANK COINVESTMENT PARTNERS, LIMITED PARTNERSHIP

	 
	 	 By:
	 	 Charlesbank Capital Partners, LLC, its general partner

	 
	 	 By:
	 	 /s/ MICHAEL R. EISENSON

 
	 
	 	Name:	 	Michael R. Eisenson
	 
	 	Its:	 	 Chief Executive Officer and Managing Director

 

 Signature Page to Voting Agreement  

  
 

    ANNEX A    
    

 

 

					
	STOCKHOLDER

 
	 	NUMBER OF SHARES 	 
	 CHARLESBANK EQUITY FUND VI, LIMITED PARTNERSHIP
	 	 	5,403,933	 
	 CB OFFSHORE EQUITY FUND VI, L.P. 
	 	 	623,130	 
	 CHARLESBANK EQUITY COINVESTMENT FUND VI, LIMITED PARTNERSHIP
	 	 	239,983	 
	 CHARLESBANK COINVESTMENT PARTNERS, LIMITED PARTNERSHIP
	 	 	4,846	 

 

 Annex A to Voting Agreement  

QuickLinks

Exhibit 10.3

VOTING AGREEMENT

ARTICLE 1 VOTING AND RESTRICTIONS ON TRANSFER

1.01 Voting Agreement.

1.02 Irrevocable Proxy.

1.03 Restrictions on Transfer.

1.04 Adjustments.

ARTICLE 2 NO SOLICITATION

2.01 No Solicitation.

ARTICLE 3 REPRESENTATIONS AND COVENANTS

3.01 Representations and Warranties of Each Stockholder.

3.02 Covenants of Stockholder.

ARTICLE 4 DEFINITIONS

4.01 Certain Definitions.

ARTICLE 5 MISCELLANEOUS

5.01 Termination.

5.02 Stockholder Capacity.

5.03 No Ownership Interest.

5.04 Consent.

5.06 Expenses.

5.07 Further Assurances.

5.08 Publicity.

5.09 Specific Performance.

5.10 Amendments and Waivers.

5.11 Entire Agreement.

5.12 Governing Law; Exclusive Jurisdiction.

5.13 Waiver of Jury Trial.

5.14 Headings.

5.15 Notices.

5.16 Counterparts; Effectiveness.

5.17 No Third Party Beneficiaries.

5.18 Assignment.

5.19 Severability.

5.20 Cumulative.

5.21 No Agreement Until Executed.

ANNEX AQuickLinks
 -- Click here to rapidly navigate through this document

 

 
 

  Exhibit 10.4    
    

 
 

  VOTING AGREEMENT    
    

        THIS VOTING AGREEMENT, dated as of March 14, 2011 (this "Agreement"), is made
and entered into by and among Lextron, Inc., a Colorado corporation ("Parent"), Buffalo Acquisition, Inc., a Delaware corporation and a
wholly owned subsidiary of Parent ("Merger Sub"), Animal Health International, Inc., a Delaware corporation (the
"Company") and the stockholder of the Company set forth on the signature page hereto ("Stockholder"). 

        WHEREAS, as of the date hereof, Stockholder is the beneficial owner (as defined in Rule 13d-3 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), which meaning will apply for all purposes of this Agreement) and record owner of the number of
shares of the Company's $0.01 par value common stock ("Company Common Stock"), and holds stock options (the
"Options") to acquire the number of shares of Company Common Stock, in each case, as set forth on  Annex A (together with any other shares of the
voting capital stock of the Company that Stockholder acquires beneficial ownership of in any
capacity after the date hereof and prior to the termination of this Agreement, including as set out in Section 1.04, the
"Subject Shares"); and 

        WHEREAS, concurrently with the execution and delivery hereof, Parent, Merger Sub and the Company are entering into an Agreement and Plan
of Merger, dated as of the date hereof (as it may be amended or supplemented from time to time, the "Merger Agreement"), which provides, among other
things, for the merger of Merger Sub with and into the Company, with the Company surviving the Merger (the "Merger"), upon the terms and subject to the
conditions set forth therein. 

        WHEREAS, as a condition to the willingness of Parent and Merger Sub to enter into the Merger Agreement, Parent and Merger Sub have
requested that Stockholder agree, and in order to induce Parent and Merger Sub to enter into the Merger Agreement, Stockholder has agreed, to enter into this Agreement. 

        NOW, THEREFORE, in consideration of the foregoing and the representations, warranties, covenants and agreements set forth herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and subject to the terms and conditions set forth herein, the parties hereto hereby agree as
follows: 

 
 

  ARTICLE 1
  VOTING AND RESTRICTIONS ON TRANSFER    
    

 
 
        1.01    Voting Agreement.     Stockholder hereby agrees that prior to the Termination Date, if a meeting of the
stockholders of the Company is held to consider adoption of the Merger Agreement
(the "Stockholders Meeting"), Stockholder will appear at such meeting, in person or by proxy, or otherwise cause the Subject Shares to be counted as
present thereat for purposes of establishing a quorum and will vote (or cause to be voted) at such meeting, and at any postponement or postponements or adjournment or adjournments thereof, or consent
to (or cause to be consented to) in lieu of such a meeting, all of the Subject Shares which such Stockholder has the right to so vote: 

        (1)   in
favor of the adoption of the Merger Agreement; 

        (2)   in
favor of any other matters necessary to the consummation of the transactions contemplated by the Merger Agreement, including the Merger; 

        (3)   against
the approval or adoption of any Acquisition Proposal (as defined in the Merger Agreement), without regard to the terms of such Acquisition Proposal; 

        (4)   against
any transaction, proposal, agreement or action that would reasonably be expected to materially and adversely affect consummation of the transactions contemplated
by the Merger Agreement; and 

 

        (5)   against
the approval or adoption of any action, proposal, transaction or agreement that, to the knowledge of Stockholder, would reasonably be expected to result in any
of the conditions set forth in Sections 7.1 and 7.2 of the Merger Agreement to not be satisfied or capable of being satisfied. 

 
 

           1.02    Irrevocable Proxy.     Stockholder, by this Agreement, does hereby constitute and appoint Parent and
Merger Sub, or any nominee thereof, and each of them individually, with full power
of substitution and resubstitution, during and for the term of this Agreement, as Stockholder's true and lawful attorney-in-fact and proxy for and in Stockholder's name, place
and stead, to vote (or, if Stockholder holds the Subject Shares beneficially, to instruct nominees or record holders to vote) and otherwise act with respect to all the Subject Shares that Stockholder
owns beneficially or of record at the time of such vote, at any annual, special or other meeting of the stockholders of the Company, and at any postponement or postponements or adjournment or
adjournments thereof (and this appointment will include the right to sign on behalf of Stockholder as Stockholder's attorney-in-fact any written consent, certificate or other
document relating to the Company that Legal Requirements of the State of Delaware may require or permit), but in all cases solely with respect to the matters set forth in Section 1.01. 

        STOCKHOLDER
HEREBY AFFIRMS THAT THIS PROXY AND POWER OF ATTORNEY AS SET FORTH IN THIS SECTION 1.02 ARE IRREVOCABLE (FOR A PERIOD
COMMENCING ON THE DATE HEREOF AND ENDING ON THE TERMINATION DATE) AND COUPLED WITH AN INTEREST SUFFICIENT TO SUPPORT AN IRREVOCABLE PROXY UNDER APPLICABLE LEGAL REQUIREMENTS. Stockholder hereby
further affirms that the irrevocable proxy set forth in this Section 1.02 is given in connection with, and granted in consideration of and as an
inducement to, Parent and Merger Sub entering into the Merger Agreement and such proxy is given to secure the performance of the duties of Stockholder under this Agreement. Stockholder represents and
warrants that any proxies or power of attorneys heretofore given in respect of Stockholder's Subject Shares that may still be in effect are not irrevocable and Stockholder hereby revokes all and any
other proxies and power of attorneys with respect to the Subject Shares that Stockholder may have heretofore made or granted. If for any reason the proxy granted herein is found by a court of
competent jurisdiction to not be irrevocable, then Stockholder agrees to vote the Subject Shares in accordance with Section 1.01 above
as instructed by Parent or Merger Sub in writing. The parties agree that the foregoing is a voting agreement. For Subject Shares as to which Stockholder is the beneficial but not the record owner,
Stockholder shall use commercially reasonable efforts to cause any record owner of such Subject Shares to grant to Parent or Merger Sub an irrevocable proxy to the same effect as that contained
herein. Notwithstanding anything to the contrary provided in this Agreement, this proxy shall only be effective if Stockholder fails to appear, or otherwise fails to cause the Subject Shares to be
counted as present for purposes of calculating a quorum, at the Stockholders Meeting and to vote the Shares in accordance with Section 1.01 at
the Stockholders Meeting (or consent to the extent that such vote is effected by means of a stockholder written consent), and the Company hereby acknowledges that the proxy granted hereby shall not be
effective for any other purpose. The attorneys and proxies named in this Section 1.02 may not exercise this irrevocable proxy on any other matters except as provided above, and Stockholder may
vote the Subject Shares on all other matters. 

 
 

           1.03    Restrictions on Transfer.     

        (a)   Until
the Termination Date, except as otherwise provided herein, Stockholder will not (i) tender into any tender or exchange offer or otherwise Transfer any of
the Subject Shares, (ii) deposit the Subject Shares into a voting trust, enter into a voting agreement or arrangement with any Person with respect to the Subject Shares or grant any proxy or
power of attorney (whether or not revocable) with respect to the Subject Shares to any Person, (iii) enter into any Contract (as defined in the Merger Agreement), option or other arrangement or
undertaking with respect to the Transfer of any interest, in or the voting of, any Subject Shares, or (iv) commit any 

2

 

act
that could restrict or affect Stockholder's legal power, authority or right to vote any or all of the Subject Shares then owned of record or beneficially by Stockholder or otherwise prevent or
disable Stockholder from performing any of Stockholder's obligations under this Agreement. 

        (b)   Stockholder
understands and agrees that if Stockholder attempts to Transfer, vote or provide any other Person with the authority to vote any of the Subject Shares other
than in compliance with this Agreement, the Company shall not, and Stockholder hereby unconditionally and irrevocably instructs the Company to not, (i) permit any such Transfer on its books and
records, (ii) issue (A) book entry shares or (B) a new certificate representing any of the Subject Shares or (iii) record such vote unless and until Stockholder shall have
complied in all respects with the terms of this Agreement. 

 
 

           1.04    Adjustments.     

        (a)   In
the event (i) of any stock dividend, stock split, reverse split, recapitalization, reclassification, combination or exchange of shares of capital stock or
other securities of the Company on, of or affecting the Subject Shares or the like or any other action that would have the effect of changing Stockholder's ownership of the Subject Shares or other
Company securities or (ii) Stockholder becomes the beneficial or record owner of any additional shares of Company Common Stock or other voting securities of the Company during the period
commencing with the execution and delivery of this Agreement through the Termination Date, then the terms of this Agreement will apply to the shares of capital stock held by the Stockholder
immediately following the effectiveness of the events described in clause (i) or Stockholder becoming the beneficial owner thereof, as described in clause (ii), as though they were
Subject Shares hereunder. 

        (b)   Stockholder
hereby agrees, while this Agreement is in effect, to promptly notify Parent in writing of the number of any new shares of Company Common Stock or other
voting securities of the Company acquired by Stockholder, if any, after the date hereof. 

 
 

  ARTICLE 2
  NO SOLICITATION    
    

 
 
        2.01    No Solicitation.     Prior to the Termination Date, Stockholder, in his capacity as a stockholder of the
Company and not in any other capacity, agrees that neither it nor any of its
officers and directors shall, and that it shall use its commercially reasonable efforts to cause its employees, agents and advisors (including any attorneys, financial advisors, investment bankers or
accountants) not to, directly or indirectly: (i) initiate, solicit, knowingly encourage or otherwise facilitate the making, submission or announcement of, any Acquisition Proposal,
(ii) participate or engage in any discussions or negotiations regarding, or furnish to any Person any nonpublic information of the Company with respect to, or take any other action to
facilitate any inquiries regarding or the making of any Acquisition Proposal, or (iii) enter into any letter of intent or similar document or any agreement, commitment or understanding
contemplating or otherwise relating to any Acquisition Proposal or a transaction contemplated thereby; provided, that at any time prior to the adoption
of the Merger Agreement by the Company Stockholders (as defined in the Merger Agreement), so long as the Acquisition Proposal is not as a result of a breach of  Section 5.2 of the Merger Agreement
by the Company, Stockholder may, in response to a written Acquisition Proposal received by the Company,
participate in discussions or negotiations with, request clarifications from, or furnish information to, any Person which makes such an Acquisition Proposal, but only if the Company is permitted to
participate in discussions or negotiations with, request clarifications from, or furnish information to, such Person in accordance with the terms of  Section 5.2 of the Merger Agreement;
provided, however, that nothing in this  Section 2.01 shall prevent Stockholder, in his or her capacity solely as a director or executive officer of
the Company, from engaging in any
activity permitted pursuant to Section 5.2 of the Merger Agreement solely in such capacity. 

3

 
 
 

  ARTICLE 3
  REPRESENTATIONS AND COVENANTS    
    

 
 
        3.01    Representations and Warranties of Stockholder.     Stockholder represents and warrants to Parent, Merger
Sub and the Company, as of the date hereof and for so long as this Agreement remains in effect, as follows:
 

        (a)   Stockholder
is the beneficial owner of the Subject Shares, free and clear of any mortgage, pledge, hypothecation, rights of others, claim, security interest, charge,
encumbrance, title defect, title retention agreement, voting trust agreement, interest, option, lien, charge or similar restriction or limitation (including any restriction on the right to vote or
Transfer any of the Subject Shares), except as may be provided for in this Agreement. 

        (b)   The
Subject Shares constitute all of the securities (as defined in Section 3(10) of the Exchange Act, which definition will apply for all purposes of this
Agreement) of the Company beneficially owned, directly or indirectly, by Stockholder (excluding any securities beneficially owned by any of Stockholder's Affiliates or "associates" (as such term is
defined in Rule 12b-2 under the Exchange Act, which definition will apply for all purposes of this Agreement) as to which Stockholder does not have voting or investment power). 

        (c)   Except
for the Subject Shares, Stockholder does not, directly or indirectly, beneficially own or have any option, warrant or other right to acquire any securities of the
Company that are or may by their terms become entitled to vote or any securities that are convertible or exchangeable into or exercisable for any securities of the Company that are or may by their
terms become entitled to vote, nor is Stockholder subject to any Contract (whether or not legally enforceable), other than this Agreement, that allows or obligates Stockholder to vote, acquire or
dispose of any securities of the Company. Stockholder holds exclusive power to vote the Subject Shares and (other than as set forth in  Section 1.02) has not granted a proxy to any other Person to
vote the Subject Shares. 

        (d)   The
Stockholder has all necessary corporate, partnership or individual, as applicable, power and authority to execute and deliver this Agreement, to perform
Stockholder's obligations hereunder and to consummate the transactions contemplated by this Agreement. The execution, delivery and performance by such Stockholder of this Agreement, and the
consummation by it of the transactions contemplated hereby, have been duly and validly authorized by all necessary action on the part of the Stockholder. 

        (e)   This
Agreement has been duly and validly executed and delivered by Stockholder, constitutes a legal, valid and binding agreement of Stockholder, enforceable against
Stockholder in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors
generally or by general equitable principles. 

        (f)    The
execution, delivery and performance of this Agreement does not and will not, (i) require any consent or approval under any Legal Requirement (as defined in
the Merger Agreement), Permit (as defined in the Merger Agreement) or Contract, (ii) violate any other Contract to which Stockholder or any of its Affiliates is a party including, any voting
agreement, stockholders agreement, irrevocable proxy or voting trust, or (iii) contravene, conflict with or result in a violation of any provision of such Stockholder's organizational
documents. 

        (g)   Neither
the execution and delivery of this Agreement nor the performance by Stockholder of Stockholder's respective obligations hereunder will violate any Legal
Requirement applicable to Stockholder. 

4

 

        (h)   Stockholder
understands and acknowledges that Parent and Merger Sub are entering into the Merger Agreement in reliance upon Stockholder's execution and delivery of this
Agreement and the representations, warranties and covenants contained herein. 

 
 

          3.02    Covenants of Stockholder.     Stockholder hereby: 

        (a)   agrees,
prior to the Termination Date, not to take any action that would make any representation or warranty of Stockholder contained herein untrue or incorrect in any
respect such that any of the
conditions set forth in Sections 7.1 or 7.2 of the Merger Agreement would not be satisfied or capable of being satisfied; 

        (b)   agrees
that Stockholder shall cause his spouse or registered domestic partner, as applicable, to execute and deliver a separate consent and agreement in the form
attached as Exhibit A hereto; and 

        (c)   irrevocably
waives, and agrees not to exercise, any and all rights of appraisal (including, without limitation, Section 262 of the DGCL) or rights of dissent with
respect to the Merger that Stockholder may have now or at any time with respect to the Subject Shares. 

 
 

  ARTICLE 4
  DEFINITIONS    
    

 
 
        4.01    Certain Definitions.     Capitalized terms used but not otherwise defined herein have the meanings ascribed
to such terms in the Merger Agreement. For all purposes of and under this
Agreement, the following terms shall have the following respective meanings: 

        "Agreement" has the meaning set forth in the Preamble. 

        "associate" has the meaning set forth in Section 3.01(b). 

        "Company" has the meaning set forth in the Preamble. 

        "Company Common Stock" has the meaning set forth in the Recitals. 

        "Exchange Act" has the meaning set forth in Recitals. 

        "Merger" has the meaning set forth in the Recitals. 

        "Merger Agreement" has the meaning set forth in the Recitals. 

        "Parent" has the meaning set forth in the Preamble. 

        "Merger Sub" has the meaning set forth in the Preamble. 

        "Stockholder" has the meaning set forth in the Preamble. 

        "Subject Shares" has the meaning set forth in the Recitals. 

        "Termination Date" has the meaning set forth in Section 5.01. 

        "Transfer" means, with respect to the Subject Shares, the direct or indirect assignment, sale, transfer, tender exchange, pledge,
hypothecation, or the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, placement in trust, or other disposition of such Subject Shares (including
transfers by merger, testamentary disposition or intestate succession, interspousal disposition pursuant to a domestic relations proceeding or otherwise by operation of law) or any right, title or
interest therein (including, but not limited to, any right or power to vote to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or
beneficial ownership thereof. 

5

 
 
 

  ARTICLE 5
  MISCELLANEOUS    
    

 
 
        5.01    Termination.     This Agreement will terminate upon the earlier to occur (the "Termination Date") of (a) the Effective Time,
(b) the date the Merger Agreement is terminated in accordance with its terms (including, without limitation, a termination by the Company pursuant to  Section 8.2(c)(ii) of the Merger
Agreement), or (c) by the mutual written consent of Stockholder, the Company and Parent. Notwithstanding
the preceding sentence, this Article 5 shall survive any termination of this Agreement. Upon termination or expiration of this Agreement, no
party shall have any further obligations or liabilities under this Agreement; provided, however, such
termination or expiration shall not relieve any party from liability for any willful and material breach of or default under this Agreement. 

 
 

          5.02    Stockholder Capacity.     Notwithstanding anything in this Agreement to the contrary: (a) none
of the Stockholder or any of its officers, directors or employees makes any agreement
or understanding herein in any capacity other than in the Stockholder's capacity as a record holder and/or beneficial owner of Subject Shares, and not in Stockholder's or any of its officers',
directors' or employees' capacity as a director, officer or employee of the Company or any of the Company's subsidiaries or in Stockholder's or any of its officers', directors' or employees' capacity
as a trustee or fiduciary of any employee benefit plan or trust, and (b) nothing herein will be construed to limit or affect any action or inaction by the Stockholder or any of its officers,
directors or employees serving on the Board of Directors of the Company or on the Board of Directors of any subsidiary of the Company or as an officer or fiduciary of the Company, any subsidiary of
the Company or any employee benefit plan or trust, acting in such person's capacity as such a director, officer, trustee and/or fiduciary. 

 
 

           5.03    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 of
the Subject Shares. All rights, ownership and economic benefits of and relating to the Subject Shares shall remain vested in and belong to the Stockholder, and this Agreement shall not confer any
right, power or authority upon Parent or any other Person to direct the Stockholder in the voting of any of the Shares, except as otherwise specifically provided herein. 

 
 

           5.04    Consent.     Stockholder consents to and authorizes the Company, Parent and their respective
Affiliates to (a) publish and disclose in the Proxy Statement, any current
report of the Company on Form 8-K and any other documents required to be filed with the SEC or any regulatory authority in connection with the Merger Agreement, Stockholder's
identity and ownership of the Subject Shares and the nature of such Stockholder's commitments, arrangements and understandings under this Agreement and (b) file this Agreement as an exhibit to
the extent required to be filed with the SEC or any regulatory authority relating to the Merger. 

 
 

           5.06    Expenses.     Except as otherwise expressly provided herein or in the Merger Agreement, all costs
and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such expenses, whether or not the Merger is consummated. 

 
 

          5.07    Further Assurances.     Stockholder agrees that, upon request of Parent or Merger Sub, Stockholder
shall execute and deliver any additional documents and take such further actions as may
reasonably be deemed by Parent or Merger Sub to be necessary or desirable to carry out the provisions of Article I of this Agreement 

 
 

           5.08    Publicity.     Stockholder shall consult with Parent and the Company before issuing any press
release or otherwise making any public statements with respect to this Agreement or
the Merger Agreement or the other transactions contemplated hereby or thereby and shall not issue any such press release or make any such public statement before such consultation, except as may be
required by Legal Requirements or applicable stock exchange rules. 

6

 

 
 

           5.09    Specific Performance.     The parties hereto 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 each of the parties hereto shall be entitled, without the securing or posting of any bond, guarantee or other undertaking, to
an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this
being in addition to any other remedy to which they are entitled at law or in equity. In any action for specific performance, the parties will waive the defense of adequacy of a remedy at law. 

 
 

          5.10    Amendments and Waivers.     Any provision of this Agreement may be (a) waived by the party
benefited by the provision, but only in writing, or (b) amended or modified at any
time, but only by a written agreement executed in the same manner as this Agreement, except to the extent that any such amendment would violate applicable Legal Requirements or require submission or
resubmission of the Merger Agreement to the stockholders of the Company. 

 
 

          5.11    Entire Agreement.     This Agreement and the Merger Agreement constitute the entire agreement among
the parties hereto with respect to the subject matter hereof, and supersede all
prior agreements among the parties with respect to such matters. 

 
 

           5.12    Governing Law; Exclusive Jurisdiction.     THIS AGREEMENT AND THE AGREEMENTS, INSTRUMENTS AND
DOCUMENTS CONTEMPLATED HEREBY AND ALL DISPUTES BETWEEN THE PARTIES UNDER OR RELATING TO THIS AGREEMENT OR THE
FACTS AND CIRCUMSTANCES LEADING TO ITS EXECUTION, WHETHER IN CONTRACT, TORT OR OTHERWISE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (WITHOUT REFERENCE TO
SUCH STATE'S PRINCIPLES OF CONFLICTS OF LAW). THE DELAWARE COURT OF CHANCERY (AND IF THE DELAWARE COURT OF CHANCERY SHALL BE UNAVAILABLE, ANY DELAWARE STATE COURT AND THE FEDERAL COURT OF THE UNITED
STATES OF AMERICA SITTING IN THE STATE OF DELAWARE) WILL HAVE EXCLUSIVE JURISDICTION OVER ANY AND ALL DISPUTES BETWEEN THE PARTIES HERETO, WHETHER IN LAW OR EQUITY, BASED UPON, ARISING OUT OF OR
RELATING TO THIS AGREEMENT AND THE AGREEMENTS, INSTRUMENTS AND DOCUMENTS CONTEMPLATED HEREBY OR THE FACTS AND CIRCUMSTANCES LEADING TO ITS EXECUTION, WHETHER IN CONTRACT, TORT OR OTHERWISE. EACH OF
THE PARTIES IRREVOCABLY CONSENTS TO AND AGREES TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS, AGREES THAT PROCESS MAY BE SERVED UPON THEM IN ANY MANNER AUTHORIZED BY THE LAWS OF THE STATE OF
DELAWARE, AND HEREBY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUCH DISPUTE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY CLAIM THAT (i) SUCH PARTY IS NOT PERSONALLY SUBJECT TO THE
JURISDICTION OF SUCH COURTS, (ii) SUCH PARTY AND SUCH PARTY'S PROPERTY IS IMMUNE FROM ANY LEGAL PROCESS ISSUED BY SUCH COURTS OR (iii) ANY LITIGATION COMMENCED IN SUCH COURTS IS BROUGHT
IN AN INCONVENIENT FORUM. 

 
 

           5.13    Waiver of Jury Trial.     THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
RIGHT WHICH ANY PARTY MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY PROCEEDING, LITIGATION OR
COUNTERCLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY. IF THE
SUBJECT MATTER OF ANY LAWSUIT IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY TO THIS AGREEMENT SHALL PRESENT AS A NON-COMPULSORY COUNTERCLAIM IN ANY SUCH LAWSUIT ANY
CLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION 

7

 

WITH
THIS AGREEMENT. FURTHERMORE, NO PARTY TO THIS AGREEMENT SHALL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL CANNOT BE WAIVED. 

 
 

          5.14    Headings.     The descriptive headings contained herein are for convenience and reference only and
will not affect in any way the meaning or interpretation of this Agreement. 

 
 

           5.15    Notices.     All notices and other communications given or made pursuant hereto shall be in writing
and shall be deemed to have been duly given when delivered personally
(including by courier or overnight courier with confirmation), transmitted by facsimile (with confirmation), or delivered by an overnight courier (with confirmation) to the parties at the following
addresses or sent by electronic transmission to the telecopier number specified below: 

If
to Stockholder, to 

James
C. Robison

c/o Animal Health International, Inc.

7 Village Circle, Ste 200

Westlake, Texas 76262

Fax No.: (817) 859-3099 

If
to the Company, to: 

Animal
Health International, Inc.

7 Village Circle, Ste 200

Westlake, Texas 76262

Attention: Damian Olthoff, Esq.

Fax No.: (817) 859-3099 

With
a copy to: 

DLA
Piper LLP

33 Arch Street, 26th Floor

Boston, Massachusetts 02110-1447

Attention: Michael S. Turner, Esq.

Fax No.: (617) 406-6114 

If
to Parent or Merger Sub, to: 

Lextron, Inc.

822 Seventh St., Suite 740

P.O. Box 1240

Greeley, CO 80632-1240

Attention: David M. Wagley

Fax No.: 970-356-4623 

With
a copy to: 

Sherman &
Howard L.L.C.

633 17th Street, Suite 3000

Denver, Colorado 80202

Attention: Gregory Ramos, Esq.

Fax No.: (303) 298-0940 

or
to such other address as any party may have furnished to the other parties in writing in accordance herewith. 

8

 

 
 

           5.16    Counterparts; Effectiveness.     This Agreement may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by all of the other parties hereto. Until and unless each party
has received a counterpart hereof signed by each other party 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). Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in PDF form, or by any other electronic means designed to preserve
the original graphic and pictorial appearance of a document, will be deemed to have the same effect as physical delivery of the paper document bearing the original signatures. 

 
 

           5.17    No Third Party Beneficiaries.     This Agreement is not intended, and shall not be deemed, to confer
any rights or remedies upon any Person other than the parties hereto and their respective
successors and permitted assigns, to create any agreement of employment with any Person or to otherwise create any third-party beneficiary hereto. 

 
 

           5.18    Assignment.     Neither this Agreement nor any of the rights, interests or obligations shall be
assigned by any of the parties hereto (whether by operation of Legal Requirements
or otherwise) without the prior written consent of the other parties; provided, however, that Parent and Merger Sub may transfer or assign its rights
and obligations under this Agreement, in whole or in part or from time to time in part, to one or more of their Affiliates at any time. Any assignment in violation of the foregoing shall be null and
void. Subject to the preceding two sentences, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. 

 
 

           5.19    Severability.     If any term or other provision of this Agreement is invalid, illegal or incapable
of being enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any party. 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 in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible. 

 
 

           5.20    Cumulative.     All rights, powers and remedies provided under this Agreement or otherwise available
in respect hereof at law or in equity will be cumulative and not alternative,
and the exercise of any thereof by Parent or Merger Sub will not preclude the simultaneous or later exercise of any other such right, power or remedy by Parent or Merger Sub. 

 
 

           5.21    No Agreement Until Executed.     Irrespective of negotiations among the parties or the exchanging of
drafts of this Agreement, this Agreement shall not constitute or be deemed to evidence a
contract, agreement, arrangement or understanding between the parties hereto unless and until (a) the Board of Directors of the Company has approved, for purposes of any applicable
anti-takeover laws and regulations and any applicable provision of the Company's certificate of incorporation, as amended and supplemented as of the date hereof, the transactions
contemplated by the Merger Agreement, (b) the Merger Agreement is executed by all parties thereto, and (c) this Agreement is executed by all parties hereto 

[Signatures on following page]

9

 

        IN WITNESS WHEREOF, the parties hereto have duly executed this Voting Agreement on the date first above written. 

 

 

					
	 
	 	 ANIMAL HEALTH INTERNATIONAL, INC.
	 
	 	 By:
	 	 /s/ WILLIAM F. LACEY

 
	 
	 	Name:	 	William F. Lacey
	 
	 	Title:	 	 Senior Vice President and Chief Financial Officer
	 
	 	  LEXTRON, INC.

	 
	 	 By:
	 	 /s/ JOHN ADENT

 
	 
	 	Name:	 	John Adent
	 
	 	Title:	 	 President and Chief Executive Officer
	 
	 	  BUFFALO ACQUISITION, INC.

	 
	 	 By:
	 	 /s/ DAVID R. WAGLEY

 
	 
	 	Name:	 	David R. Wagley
	 
	 	Title:	 	 Vice President, Treasurer and Secretary
	 
	 	  STOCKHOLDER

	 
	 	 By:
	 	 /s/ JAMES C. ROBISON

 
	 
	 	Name:	 	James C. Robison

 

 Signature Page to Voting Agreement  

EXHIBIT A 

FORM OF SPOUSAL CONSENT

Dated
March 14, 2011 

        Reference
is hereby made to that certain Voting Agreement (the "Agreement") dated as of March 14, 2011 by and among Parent, Merger
Sub, the Company and Stockholder (as hereinafter defined). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed thereto in the Agreement. 

        This
Spousal Consent is being delivered pursuant to Section 4.02(b) of the Agreement, a copy of which has been provided to the
undersigned ("Spouse"). Spouse, as the spouse or registered domestic partner of James C. Robison
("Stockholder"), consents to all of the provisions of the Agreement and to the extent that Spouse may lawfully do so, Spouse confirms that Stockholder
may act alone with respect to all matters in connection with the Agreement. Spouse also confirms that Stockholder may enter into agreements pursuant to the Agreement and consent to and execute
amendments thereof, without further signature or consent of, or notice to, Spouse. Spouse further agrees that he/she will not take any action to oppose or otherwise hinder the operation of the
provisions of the Agreement and the transactions contemplated by the Agreement. 

        To
the extent of any property interest that Spouse may have in Stockholder's Subject Shares, Spouse consents to be bound by the terms of the Agreement. 

 

 

			
	 
	 	/s/ CAROL LYNNE ROBISON

  Name of Spouse: Carol Lynne Robison

 

 Exhibit A to Voting Agreement  

  
 

    ANNEX A    
    

 

 

									
	NUMBER OF SHARES

 
	 	NUMBER OF OPTIONS 	 	NUMBER OF

RESTRICTED STOCK

UNITS 	 
	 	1,343,383	 	 	125,000	 	 	420,000	 

 

 Annex A to Voting Agreement  

QuickLinks

Exhibit 10.4

VOTING AGREEMENT

ARTICLE 1 VOTING AND RESTRICTIONS ON TRANSFER

1.01 Voting Agreement.

1.02 Irrevocable Proxy.

1.03 Restrictions on Transfer.

1.04 Adjustments.

ARTICLE 2 NO SOLICITATION

2.01 No Solicitation.

ARTICLE 3 REPRESENTATIONS AND COVENANTS

3.01 Representations and Warranties of Stockholder.

3.02 Covenants of Stockholder.

ARTICLE 4 DEFINITIONS

4.01 Certain Definitions.

ARTICLE 5 MISCELLANEOUS

5.01 Termination.

5.02 Stockholder Capacity.

5.03 No Ownership Interest.

5.04 Consent.

5.06 Expenses.

5.07 Further Assurances.

5.08 Publicity.

5.09 Specific Performance.

5.10 Amendments and Waivers.

5.11 Entire Agreement.

5.12 Governing Law; Exclusive Jurisdiction.

5.13 Waiver of Jury Trial.

5.14 Headings.

5.15 Notices.

5.16 Counterparts; Effectiveness.

5.17 No Third Party Beneficiaries.

5.18 Assignment.

5.19 Severability.

5.20 Cumulative.

5.21 No Agreement Until Executed.

ANNEX A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]