SEC Contract Filing

Filing Date: 2017-05-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>d368189dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STOCK PURCHASE AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This STOCK PURCHASE AGREEMENT (this &#147;<U>Agreement</U>&#148;) is entered into as of May&nbsp;9, 2017, by and between the entities set
forth on <U>Schedule 1</U> (the &#147;<U>Sellers</U>&#148;), BCPE Seminole Holdings LP, a Delaware limited partnership (&#147;<U>Purchaser</U>&#148;) and Surgery Partners, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Sellers collectively own 26,455,651 shares of Common Stock, par value $0.01 per share, of the Company (the &#147;<U>Common
Stock</U>&#148;), as set forth on <U>Schedule 1</U> (the &#147;<U>Purchased Shares</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Purchaser agrees to purchase the
Purchased Shares from the Sellers, and each Seller agrees to sell its Purchased Shares as set forth on <U>Schedule 1</U> to Purchaser, with such sale to be consummated in accordance with the terms and subject to the conditions set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, following the consummation of the transactions contemplated hereby, the Sellers will own no equity interests in the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and delivery of this Agreement, the Company, SP Merger Sub, Inc., a Delaware corporation, NSH Holdco,
Inc. (&#147;<U>NSH</U>&#148;) and IPC/NSH, L.P., solely in its capacity as sellers&#146; representative, have entered into that certain Agreement and Plan of Merger (the &#147;<U>Merger Agreement</U>&#148;), dated as of the date hereof, pursuant to
which a wholly-owned subsidiary of the Company has agreed to acquire all of the outstanding equity of NSH (the &#147;<U>NSH Merger</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and delivery of this Agreement, and as a condition to the willingness of Purchaser to enter into this
Agreement, Purchaser and the Company entered into that certain Securities Purchase Agreement (the &#147;<U>Preferred Stock Purchase Agreement</U>&#148;), dated as of the date hereof, pursuant to which the Company will sell to Purchaser and Purchaser
will buy from the Company shares of the Company&#146;s 10.00% Series A Convertible Perpetual Participating Preferred Stock, par value $0.01 per share (the &#147;<U>Series A Preferred Stock</U>&#148;) and the transactions contemplated by the
Preferred Stock Purchase Agreement, the &#147;<U>Preferred Stock Purchase</U>&#148;; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution and
delivery of this Agreement, and as a condition to the willingness of Sellers to enter into this Agreement, the Company and HIG SP entered into that certain Amendment No.&nbsp;1 to the Income Tax Receivables Agreement, dated as of September&nbsp;30,
2015, by and among the Company, HIG SP, as the stockholders representative, and the other parties referred to therein (the &#147;<U>TRA Amendment</U>&#148; and, collectively with the Merger Agreement, this Agreement, the Preferred Stock Purchase
Agreement, the Confidentiality Agreement and the other agreements, certificates and other documents to be entered into or delivered pursuant to the terms hereof or thereof or in connection herewith or therewith, the &#147;<U>Transaction
Documents</U>&#148;); </P>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the representations, warranties and
agreements set forth in this Agreement, and intending to be legally bound by this Agreement, for other good and valuable consideration, the receipt, sufficiency, and adequacy of which is hereby acknowledged, the parties hereto agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PURCHASE AND SALE OF
PURCHASED SHARES </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 <U>Purchase and Sale of the Purchased Shares</U>. On the terms and conditions set forth in this Agreement, at the
Closing, the Sellers shall each transfer, assign, set over, convey and deliver to Purchaser, and Purchaser shall purchase from each Seller, the rights, title, and interest of such Seller in and to the number of Purchased Shares set forth on
<U>Schedule 1</U>. The purchase price for the Purchased Shares shall be nineteen dollars ($19.00) per share, for an aggregate purchase price of $502,657,369 (the &#147;<U>Purchase Price</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <U>Closing</U>. The consummation of the purchase and sale of the Purchased Shares and the other tra