Document:

THIRD SUPPLEMENTAL INDENTURE

 Exhibit 4.5 
  

  
 JOHN HANCOCK LIFE INSURANCE COMPANY 
  
 AND

  
 JPMORGAN CHASE BANK, N.A. 
  
 as Trustee 
  
 THIRD SUPPLEMENTAL INDENTURE 
  

dated as of July 8, 2005 
  
 to 
  
 INDENTURE 
  
 dated as of June 15, 2002 
  
 SIGNATURENOTES(SM) 
  
 (SM)SERVICE MARK OF JOHN HANCOCK LIFE INSURANCE COMPANY 
  

 THIS THIRD SUPPLEMENTAL INDENTURE dated as of July 8, 2005 (the “Third Supplemental
Indenture”), between JOHN HANCOCK LIFE INSURANCE COMPANY, a stock life insurance company duly organized and existing under the laws of the Commonwealth of Massachusetts (hereinafter sometimes called the “Company”), and JPMORGAN CHASE
BANK, N.A., a national banking association (formerly JPMorgan Chase Bank), as trustee hereunder (the “Trustee”), supplements the Indenture dated as of June 15, 2002 between the parties hereto (the “Base Indenture”), as previously
supplemented by the Supplemental Indenture dated as of January 16, 2003 (the “First Supplemental Indenture”) and the Second Supplemental Indenture dated as of July 8, 2005 (the “Second Supplemental Indenture” and, together with
the Base Indenture, the First Supplemental Indenture and any further supplements from time to time executed and delivered in accordance with the terms of the Base Indenture, the “Indenture”). Capitalized terms used herein which are not
defined shall have the meaning set forth in the Indenture. 
  
 WITNESSETH: 
  
 WHEREAS, Manulife Financial
Corporation (the “Guarantor”) is the indirect owner of all of the Company’s outstanding stock; 
  
 WHEREAS, the Guarantor has executed a Subordinated Old Note Guarantee dated as of July 8, 2005 (the “Subordinated Old Note Guarantee”)
unconditionally guaranteeing the full and punctual payment when due of all amounts payable by the Company on all Old Notes (defined below) that are issued subject to the Subordinated Old Note Guarantee; 
  
 WHEREAS, the Company has duly authorized the execution and delivery of this
Third Supplemental Indenture to facilitate the implementation of the Subordinated Old Note Guarantee; and 
  
 WHEREAS, all acts and things necessary to constitute this Third Supplemental Indenture a valid agreement of the Company according to its terms, have been
done and performed; 
  
 NOW, THEREFORE: In order to specify
certain matters relating to the Subordinated Old Note Guarantee, and in consideration of the premises and of the sum of one dollar to it duly paid by the Trustee at the execution of these presents, the receipt whereof is hereby acknowledged, the
Company covenants and agrees with the Trustee, for the benefit of the respective holders from time to time of the Old Notes, as follows: 
  

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 ARTICLE 1 
 SUBORDINATED OLD NOTE GUARANTEE 
  
 Section 1.1. Amendments to Indenture Definitions. Section 1.01 of the Indenture, as previously amended by the Second Supplemental Indenture, is hereby amended as follows: 
  
 (a) The definition of “Guarantor” is amended to read as follows:

  
 “GUARANTOR: The term “Guarantor” shall
mean Manulife Financial Corporation, as guarantor under the Subordinated New Notes Guarantee or the Subordinated Old Note Guarantee, as applicable, or any successor thereto by law or in accordance with the terms of the Subordinated New Notes
Guarantee or Subordinated Old Note Guarantee, as applicable.” 
  
 (b) The following definitions are added: 
  
 “OLD NOTES: The term “Old Notes” shall refer to Notes issued prior to July 8, 2005. 
  
 SUBORDINATED OLD NOTE GUARANTEE: The term “Subordinated Old Note Guarantee” shall mean the Subordinated Old Note Guarantee dated as of
July 8, 2005 from the Guarantor to the Trustee and the holders of Old Notes.” 
  
 Section 1.2. Subordinated Old Note Guarantee. Article Four of the Indenture is amended by inserting the following Section 4.06: 
  
 “SECTION 4.06. SUBORDINATED OLD NOTE GUARANTEE. Amounts payable by the Company on the Old Notes or, with respect to the Old Notes, under this
Indenture shall be irrevocably and unconditionally guaranteed by the Guarantor as provided in the Subordinated Old Note Guarantee.” 
  
 Section 1.3. Rights under Subordinated Old Note Guarantee. The last paragraph of Section 6.02 of the Indenture, as inserted by the Second
Supplemental Indenture, is amended by replacing such paragraph with the following paragraph: 
  
 “Without limiting any of the Trustee’s rights hereunder or thereunder, in the case of an Event of Default the Trustee may in its discretion exercise its rights under the Subordinated New Notes Guarantee
and/or the Subordinated Old Note Guarantee or take such action as the Trustee shall deem most effectual to enforce any of its rights or any of the Guarantor’s obligations under the Subordinated New Notes Guarantee and/or the Subordinated Old
Note Guarantee. No amounts collected by the Trustee under the Subordinated New Notes Guarantee shall be applied to the payment of any Notes that are not subject to the Subordinated New Notes Guarantee. No amounts collected by the Trustee under the
Subordinated Old Note Guarantee shall be applied to the payment of any Notes that are not subject to the Subordinated Old Note Guarantee.” 
  

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 Section 1.4. Proceedings on Subordinated New Notes Guarantee or Subordinated Old Note Guarantee .
Section 6.04 of the Indenture, as amended by the Second Supplemental Indenture, is further amended to read as follows: 
  
 “SECTION 6.04. PROCEEDINGS BY NOTEHOLDERS. No holder of any Note of any series shall have any right by virtue or by availing of any provision
of this Indenture to institute any action or proceedings at law or in equity or in bankruptcy or otherwise, upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder or,
subject to the next paragraph, the Subordinated New Notes Guarantee or Subordinated Old Note Guarantee, unless (a) such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as
hereinbefore provided; (b) the holders of not less than twenty-five percent in aggregate principal amount of the Notes of such series then outstanding shall have made written request upon the Trustee to institute such action or proceedings in its
own name as trustee hereunder; (c) such holder or holders shall have offered to the Trustee such indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby; (d) the Trustee for sixty days after its
receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceedings; and (e) no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 6.06; it being
understood and intended, and being expressly covenanted by the taker and holder of every Note with every other taker and holder and the Trustee, that no one or more holders of Notes of any series, shall have any right in any manner whatever by
virtue or by availing himself of any provision of this Indenture to affect, disturb or prejudice the rights of any other holder of Notes of such series, or to obtain or seek to obtain priority over or preference to any other such holder or to
enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Notes of such series. For the protection and enforcement of the provisions of this Section, each and every
Noteholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 
  
 Notwithstanding any other provisions in this Indenture, however, the right of any holder of any Note to receive payment of the principal of and interest,
premium and Additional Amounts, if any, on such Note (whether from the Company or, if such Note is subject to the Subordinated New Notes Guarantee or the Subordinated Old Note Guarantee, from the Guarantor), on or after the respective due dates
expressed or provided for in such Note, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such holder. With respect to Discount Notes, principal
shall mean the Amortized Face Amount thereof or such other amount as shall be due and payable as specified in the terms of the Notes. 
  

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 Section 1.5. Discharge of Subordinated Old Note Guarantee. (a) Section 13.01 of the Indenture, as
previously amended by the Second Supplemental Indenture, is further amended by inserting at the end thereof the following sentence: 
  
 “If the Company, at its option, with respect to a series or Tranche of Old Notes satisfies the conditions of this Section 13.01, then the Guarantor
shall be deemed to have paid and discharged the entire indebtedness represented by, and obligations under, the Subordinated Old Note Guarantee with respect to the Old Notes of such series or Tranche and to have satisfied all the obligations under
this Indenture relating to the Old Notes of such series or Tranche and, upon such occurrence, upon request and at the expense of the Guarantor, the Trustee shall deliver to the Guarantor a proper instrument acknowledging the discharge of the
Guarantor’s obligations under the Subordinated Old Note Guarantee with respect to the applicable series or Tranche of Old Notes. 
  
 (b) Section 13.05 of the Indenture, as previously amended by the Second Supplemental Indenture, is amended by inserting at the end thereof the following
sentence: 
  
 “If the Company, at its option, with respect
to a series or Tranche of Old Notes satisfies the conditions of this Section 13.05 for the deemed payment and discharge of the entire indebtedness on all outstanding Old Notes of such series or Tranche, then the Guarantor shall be deemed to have
paid and discharged the entire indebtedness represented by, and obligations under, the Subordinated Old Note Guarantee with respect to the Old Notes of such series or Tranche and to have satisfied all the obligations under this Indenture relating to
the Old Notes of such series or Tranche and, upon such occurrence, upon request and at the expense of the Guarantor, the Trustee shall deliver to the Guarantor a proper instrument acknowledging the discharge of the Guarantor’s obligations under
the Subordinated Old Note Guarantee with respect to the applicable series or Tranche of Old Notes.” 
  
 Section 1.6. Form of Old Notes Unaffected. Old Notes shall be subject to the Subordinated Old Note Guarantee notwithstanding the absence of a reference to the Subordinated Old Note Guarantee in such Notes.

  
 ARTICLE 2 
 MISCELLANEOUS 
  
 Section 3.1. Benefits of Third Supplemental Indenture Restricted to Parties and Holders. Nothing in this Third Supplemental Indenture or in
the Notes, expressed or implied, shall give or be construed to give to any person, other than the parties hereto and their successors and the holders of the Notes, any legal or equitable right, remedy or claim under this Indenture or under any
covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the holders of the Notes. 
  

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 Section 3.2. Provisions Binding on Company’s Successor. All the covenants, stipulations,
promises and agreements in this Third Supplemental Indenture contained by or in behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
  
 Section 3.3. Trust Indenture Act to Control. If and to the extent that any provision of this Third Supplemental
Indenture limits, qualifies or conflicts with another provision included in this Third Supplemental Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939 (an “incorporated provision”), such
incorporated provision shall control. 
  
 Section 3.4.
Execution in Counterparts. This Third Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 
  
 Section 3.5. New York Contract. This Third Supplemental Indenture and
each Note shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of said State, regardless of the laws that might otherwise govern under
applicable New York principles of conflicts of law and except as may otherwise be required by mandatory provisions of law. 
  
 Section 3.6. Severability of Provisions. Any prohibition, invalidity or unenforceability of any provision of this Third Supplemental Indenture in
any jurisdiction shall not invalidate or render unenforceable the remaining provisions hereto in such jurisdiction and shall not invalidate or render unenforceable such provisions in any other jurisdiction. 
  
 Section 3.7. Ratification and Incorporation of Indenture. As
supplemented hereby, the Indenture is in all respects ratified and confirmed and the Indenture and this Third Supplemental Indenture shall be read, taken and construed as one and the same instrument. The provisions of this Third Supplemental
Indenture shall supersede the provisions of the Indenture to the extent the Indenture is inconsistent herewith. 
  
 Section 3.8. Trustee not Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Third Supplemental Indenture. 
  

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 JPMorgan Chase Bank, N.A. hereby accepts the trusts in this Third Supplemental Indenture declared and
provided, upon the terms and conditions hereinabove set forth. 
  
 IN WITNESS WHEREOF, JOHN HANCOCK LIFE INSURANCE COMPANY has caused this Third Supplemental Indenture to be signed by one of its Senior Vice Presidents or one of its Vice Presidents, and its corporate seal to be affixed hereunto, and the
same to be attested by its Secretary or an Assistant Secretary; and JPMorgan Chase Bank, N.A. has caused this Third Supplemental Indenture to be signed, and its corporate seal to be affixed hereunto, and the same to be attested by its duly
authorized officers, all as of the day and year first above written. 
  

									
	 	 	 	 	 	 	 JOHN HANCOCK LIFE INSURANCE COMPANY

	 [Corporate Seal]
	 	 	 	 	 	 
					
	 Attest:
	 	 /s/ Jennifer Tansey

	 	 	 	 By:
	 	 /s/ Ronald J. McHugh

	 	 	Jennifer Tansey	 	 	 	 Name:
	 	 Ronald J. McHugh

	 	 	 Assistant Secretary
	 	 	 	 Title:
	 	 Senior Vice President

				
	 	 	 	 	 	 	 JPMORGAN CHASE BANK, N.A., as Trustee

	 [Corporate Seal]
	 	 	 	 	 	 
					
	 Attest:
	 	 /s/ Diane Darconte

	 	 	 	 By:
	 	 /s/ James D. Heaney

	 	 	 Diane Darconte
	 	 	 	 Name:
	 	 James D. Heaney

	 	 	 Trust Officer
	 	 	 	 Title:
	 	 Vice President

	 	 	 	 	 	 	 	 	 

  

 7Binding Letter of Intent by and between Southland Health Services

 Exhibit 10.1 
  
 SOUTHLAND HEALTH SERVICES, INC. 
 2344 Woodridge Avenue 
 Kingsport, TN 37664 
  
 TELEPHONE NUMBER: (423)247-9560 
  
 June 30, 2005 
  
 Mr. Phillip Elliott 
 DHP, Inc. 
 171 Abbott Creek Rd. 
 Prestonsburg, KY 41653 
  

	Re:	Binding Letter of Intent -DHP, Inc. and related companies. 

  
 Dear Mr. Elliott: 
  
 This letter, when countersigned by you, will confirm our agreement in principle that Southland Health Services, Inc. (the “Buyer”) will
acquire one hundred percent of the issued and outstanding capital stock of DHP, Inc and its related companies (the “Company”), from you and any other shareholder (the “Shareholders”), on the terms and
conditions set for the below (the “Transaction”). 
  
 It is the parties intention that this letter of intent will constitute a binding obligation of both the Buyer and the Shareholders (subject to the conditions expressly set forth below) and will be governed by and construed under the laws of
the State of Tennessee without regard to conflicts-of-laws principles. Moreover, any action or proceeding seeking to enforce any provision of, or based on any right arising out of this letter of intent may be brought against any of the parties in
the courts of the State of Tennessee, County of Sullivan or, if it has or can acquire jurisdiction, in the United States District Court for the Eastern District of Tennessee, and each of the parties consents to the jurisdiction of such courts (and
of the appropriate appellate courts) in any such action or proceeding and waives any objection to jurisdiction or venue laid therein. The prevailing party in any such proceeding shall be entitled to recover its legal fees and costs associated with
such proceeding. 
  
 The parties agree to proceed in good faith to
negotiate, execute and deliver a definitive stock purchase agreement and any related documents and instruments which together will set forth all of the terms and conditions of our agreement and understanding relating to the Transaction (the
“Agreement”). To confirm the current status of our discussions, and in view of our mutual intention to reach a complete agreement based upon our intended further discussions and negotiations, we are hereinafter memorializing our shared
basic assumptions and understandings: 
  

	 	1.	Fundamental Terms. 

  

	 	a.	Transaction. The Shareholders will sell all of the shares of the Company’s common stock set forth opposite each of their names in Exhibit A attached hereto
(the “Shares”), to the Buyer at the price (the “Purchase Price”) set forth in Paragraph 1(b) below. The Shares constitute all of the issued and outstanding shares of the Company’s common stock and have been
duly authorized and validly issued and are fully paid and non-assessable. There are no other outstanding rights, options, warrants, conversion privileges or agreements of any kind for the purchase or acquisition from, or the sale or issuance by, the
Company of any shares of its capital stock. The common stock of the Company is the Company’s only class of capital stock. 

  
 Prior to the closing (as defined herein), the Company and/or the Shareholders shall cause the following to occur (any of which conditions may be waived by
the Buyer in its sole discretion): 
  

	 	(i).	All liabilities of the Company shall be satisfied and paid in full such that the Company has no liabilities (whether actual, accrued or contingent) as of the date of closing.

	 	(ii).	The Company shall have received approval, in form and substance satisfactory to the Buyer, that the change of control of the Company that will occur as a result of the Transaction
will not impact any “Certificate of Needs” issued by the State of Kentucky (or any subdivision thereof).  

  

	 	(iii).	The Company shall have obtained employment and/or non-compete agreements from those persons identified by the Buyer, on terms and conditions acceptable to the Buyer, in its sole
discretion. 

  

	 	b.	Purchase Price. The Purchase Price of Two Million Five Hundred Thousand Dollars ($2,500,000) shall be paid in the following manner: 

  

	 	(i)	Buyer will deliver the sum of One Million Two Hundred Thousand Dollars ($1,200,000) to the Shareholders in the form of a cashier’s check (or otherwise immediately available
funds) on the day of closing (defined herein); 

  

	 	(ii)	Buyer will deliver the sum of Six Hundred Thousand Dollars ($600,000) to the shareholders in the form of a cashier’s check 120 days from the date of closing (defined herein).

  

	 	(iii)	Buyer will deliver an Interest Bearing Installment Promissory Note (the “Note”) in the principal amount of Seven Hundred Thousand Dollars ($700,000), bearing an
annual interest rate equal to one point over the prime rate (determined as of the end of each calendar quarter) charged from time to time by Bank of America to commercial borrowers, payable over a period of sixty (60) months, on the day of closing
of the Transaction. The parties’ agree the monthly payment of principal and interest under the Note shall equal Thirteen Thousand Six Hundred Ninety Six Dollars ($13,696.00). 

  

	 	(iv)	Buyer will issue warrants to acquire One Hundred Thousand (100,000) of Bad Toys Holdings, Inc. shares of common stock (the “Warrants”) to the Shareholders on a
pro-rata basis. The exercise price for the Warrants will be $1.00 per share and the Warrants will be exercisable at any time during the five year period following the closing. 

  
 The purchase price has been determined by the Buyer after
its review of the financial condition of the Company as set forth in the Company’s financial statements as of December 31, 2004 and for the one year period ending as of that date. The financial statements are attached hereto as an Exhibit
B and are incorporated herein. The Company and the Shareholders represent that there has been no adverse change in the financial condition of the Company since December 31, 2004. If there has been a misrepresentation in the financial
condition of the Company as of December 31, 2004 or the financial performance of the Company during the twelve months ending as of December 31, 2004, or if the financial condition of the Company has been affected by any adverse change at any time
prior to the Closing, the Buyer has the unconditional right to cancel this Letter Of Intent at any time. 
  
 2. Definitive Agreement. The parties mutually agree to proceed in good faith toward negotiation and execution of the final definitive Agreement, to
which Buyer and the Shareholders shall each be a party, and which shall provide for the Transaction and shall contain mutually satisfactory terms, representations, conditions, warranties, covenants, 

  

 2 

 
indemnities and other provisions as are appropriate and consistent with the provisions herein described and which are customary for transactions similar to
this Transaction. Without limiting the generality of the foregoing, it is agreed that the Agreement shall provide for the closing of the Transaction to occur on or before August 31, 2005 (the “Closing”). Notwithstanding the
foregoing, the Buyer’s obligations to acquire the Shares from the Shareholders is expressly conditioned on: (a) the Buyer’s completion of its due diligence of the Company and its determination that the Company meets its standards as an
acquisition candidate (determined in the Buyer’s sole discretion); and (b) the Buyer’s ability to obtain financing for the down payment ($1,200,000) on terms and conditions satisfactory to the Buyer, in its sole discretion. 
  
 3. Covenants. Pending execution of the Agreement (or termination of
this letter of intent, as herein provided), the Shareholders of the Company will not harm the business of the Company in any way and will cooperatively cause the Company to conduct its business only in the ordinary course, and will not cause the
Company to engage in any extraordinary transactions, including, but not limited to, disposing of any assets of the Company other than in the ordinary course of business, borrowing funds under existing lines of credit or otherwise except as
reasonably necessary for the ordinary operation of the Company, or issuing any equity securities or rights to acquire such equity securities of the Company, without the written agreement of each party hereto. 
  
 4. Due Diligence: Upon acceptance of this Letter of Intent the
Company shall allow the Buyer and its officers to inspect the financial and billing records of the Company. 
  
 5. Expenses. Each party will pay its own expenses associated with any solicitation, negotiation, preparation and execution of this letter agreement
or any Agreement and with the consummation of the Transactions. 
  
 6. Termination. This letter of intent may be terminated by the Buyer if it is not accepted and agreed to by the Shareholders on or before 5:00 p.m., Eastern Standard Time, July 1, 2005. 
  
 If the foregoing is acceptable to you, please indicate such acceptance by
executing this letter where indicated. 
  

			
	Very Truly Yours.
	
	Southland Health Services, Inc.
	
	  

	By:	 	Larry N. Lunan
	Its:	 	Chief Executive Officer

  

			
	Accepted and Agreed:	 	 
		
	  

	 	  

	Phillip Elliott	 	Date

  

 3

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