CONTRIBUTION AGREEMENTContribution Agreement |
|
|
|
You are currently viewing: This Contribution Agreement involves
AMERICAN DENTAL PARTNERS INC | CARE FOR KIDS ? USA, LLC, | CENTRAL?S TOOTH DOCTOR FOR KIDS, LLC, | A TOOTH DOCTOR FOR KIDS, LLC, | EAST VALLEY?S TOOTH DOCTOR, L.L.C., | ARIZONA?S TOOTH DOCTOR FOR KIDS ? GLOBE, LLC, | ARIZONA?S KIDS DENTAL CARE, LLC, | ARIZONA?S TOOTH DOCTOR, PC, | BRENCHLEY DENTAL CONTRACTING, PLC, | ERICKSON FAMILY TRUST | ERICKSON INVESTMENT LIMITED PARTNERSHIP, | ERICKSON CHILDREN?S EDUCATIONAL TRUST | JEFFREY T. ERICKSON | CHRISTOPHER BARNEY | EMERICO GOMEZ, JR., | PAUL BRENCHLEY | CHRISTE D. ERICKSON. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
|
|
|
Search Contribution Agreement by:
Exhibit 10.1
CONTRIBUTION AGREEMENT
AMONG
CARE FOR KIDS – USA, LLC,
a Delaware limited liability company,
CENTRAL’S TOOTH DOCTOR FOR KIDS, LLC,
an Arizona limited liability company,
A TOOTH DOCTOR FOR KIDS, LLC,
a Nevada limited liability company,
EAST VALLEY’S TOOTH DOCTOR, L.L.C.,
an Arizona limited liability company,
ARIZONA’S TOOTH DOCTOR FOR KIDS – GLOBE, LLC,
an Arizona limited liability company,
ARIZONA’S KIDS DENTAL CARE, LLC,
an Arizona limited liability company,
ARIZONA’S TOOTH DOCTOR, PC,
an Arizona professional corporation,
BRENCHLEY DENTAL CONTRACTING, PLC,
an Arizona professional corporation,
ERICKSON FAMILY TRUST dated July 20, 2000,
with Christine E. Erickson and Jeffrey T. Erickson as Trustees,
ERICKSON INVESTMENT LIMITED PARTNERSHIP,
a Nevada limited partnership,
ERICKSON CHILDREN’S EDUCATIONAL TRUST dated December 29, 1999,
with Christine E. Erickson and Jeffrey T. Erickson as Trustees,
AND
JEFFREY T. ERICKSON, D.D.S.,
CHRISTOPHER BARNEY, D.D.S.,
EMERICO GOMEZ, JR., D.D.S.
PAUL BRENCHLEY, D.D.S.
CHRISTE D. ERICKSON
October 25, 2006
|
|
|
|
|
|
|
ARTICLE I |
|
CONTRIBUTION OF PROPERTY |
|
2 |
|
|
|
|
||
|
1.1. |
|
Contribution of Property |
|
2 |
|
|
|
|
||
|
1.2. |
|
Excluded Assets |
|
3 |
|
|
|
|
||
|
1.3. |
|
Liabilities Assumed |
|
3 |
|
|
|
|
||
|
1.4. |
|
Consideration |
|
4 |
|
|
|
|
||
|
1.5. |
|
Closing |
|
7 |
|
|
|
|
||
|
1.6. |
|
Conveyance Documents |
|
7 |
|
|
|
|
||
|
1.7. |
|
Possession |
|
8 |
|
|
|
|
||
|
ARTICLE II |
|
REPRESENTATIONS AND WARRANTIES OF THE PARTIES |
|
8 |
|
|
|
|
||
|
2.1. |
|
Representations and Warranties of Care for Kids |
|
8 |
|
|
|
|
||
|
2.2. |
|
Representations and Warranties of Sellers and Owners |
|
8 |
|
|
|
|
||
|
ARTICLE III |
|
COVENANTS OF THE PARTIES |
|
8 |
|
|
|
|
||
|
3.1. |
|
Mutual Covenants |
|
8 |
|
|
|
|
||
|
3.2. |
|
Covenants of Tooth Doctor |
|
9 |
|
|
|
|
||
|
3.3. |
|
Closing Deliveries of Care for Kids |
|
12 |
|
|
|
|
||
|
3.4. |
|
Employment and Employee Benefits Matters |
|
13 |
|
|
|
|
||
|
3.5. |
|
Additional Terms |
|
14 |
|
|
|
|
||
|
ARTICLE IV |
|
INDEMNIFICATION |
|
15 |
|
|
|
|
||
|
4.1. |
|
Survival of Representations, Warranties, and Agreements |
|
15 |
|
|
|
|
||
|
4.2. |
|
Indemnification |
|
15 |
|
|
|
|
||
|
4.3. |
|
Limitations on Indemnification |
|
16 |
|
|
|
|
||
|
4.4. |
|
Procedure for Indemnification with Respect to Third-Party Claims |
|
16 |
|
|
|
|
||
|
4.5. |
|
Procedure for Indemnification with Respect to Non-Third-Party Claims |
|
17 |
|
|
|
|
||
|
4.6. |
|
Right of Setoff |
|
18 |
|
|
|
|
||
|
ARTICLE V |
|
MISCELLANEOUS |
|
18 |
|
|
|
|
||
|
5.1. |
|
Power of Attorney |
|
18 |
|
|
|
|
||
|
5.2. |
|
Notices |
|
18 |
|
|
|
|
||
|
5.3. |
|
Legal Representation; No Tax Advice |
|
19 |
|
|
|
|
||
|
5.4 |
|
Non-Waiver |
|
19 |
|
|
|
|
||
|
5.5. |
|
Genders and Numbers |
|
19 |
|
|
|
|
||
|
5.6. |
|
Headings |
|
19 |
|
|
|
|
||
|
5.7. |
|
Counterparts |
|
19 |
|
|
|
|
||
|
5.8. |
|
Entire Agreement |
|
20 |
-i-
|
|
|
|
|
|
|
5.9. |
|
No Third Party Beneficiaries |
|
20 |
|
|
|
|
||
|
5.10. |
|
Governing Law |
|
20 |
|
|
|
|
||
|
5.11. |
|
Successors; Assignment |
|
20 |
|
|
|
|
||
|
5.12. |
|
Remedies |
|
20 |
|
|
|
|
||
|
5.13. |
|
Expenses |
|
20 |
|
|
|
|
||
|
5.14. |
|
Severability |
|
20 |
|
|
|
|
||
|
5.15. |
|
Further Assurances |
|
20 |
|
|
|
|
||
|
5.16. |
|
Financial Calculations |
|
21 |
|
|
|
|
|
Exhibit 1.4(a) |
|
Settlement Statement |
|
Exhibit 1.4 |
|
Allocation of Contribution |
|
Exhibit A |
|
Representations and Warranties of Care for Kids |
|
Exhibit B |
|
Representations and Warranties of Tooth Doctor |
|
Exhibit C |
|
Additional Covenants; Conditions; and Terms |
-ii-
DEFINED TERMS LOCATOR LIST
|
|
|
|
|
Term |
|
Section |
|
2007 EBITDA |
|
1.4(d) |
|
|
|
|
|
Accounts Receivable |
|
1.1(h) |
|
Acquisition Proposal |
|
Exhibit C, Section 1(b) |
|
Additional Documents |
|
4.1(a) |
|
ADP-CFK |
|
1.4(d) |
|
ADPI |
|
1.4(d) |
|
Affiliate |
|
3.2(b), except Exhibit B, Section B.19(a) (for Section B.19 only) and Section B.21 (for Section B.21 only) |
|
Affiliated Company |
|
3.2(b) |
|
Agent |
|
5.1 |
|
Agreement |
|
Introduction |
|
AHCCCS |
|
Background Information |
|
Applicable Laws |
|
Exhibit B, Section B.11 |
|
Arizona Subsidiary |
|
Introduction |
|
Assignable Permits |
|
1.1(e) |
|
Assignment and Assumption Agreement |
|
1.4(b) |
|
Assignment and Assumption of Lease |
|
3.2(d)(viii) |
|
Assignment, Assumption, and Amendment of Lease |
|
3.2(d)(vii) |
|
Assumed Contracts |
|
1.1(d) |
|
Assumed Liabilities |
|
1.3 |
|
|
|
|
|
Brenchley PLC |
|
Introduction |
|
Business |
|
Background Information |
|
|
|
|
|
Care for Kids |
|
Introduction |
|
Cash Consideration |
|
1.4(a) |
|
Central |
|
Introduction |
|
Claim Event |
|
3.4(b)(iv) |
|
Closing |
|
1.5 |
|
Closing Date |
|
1.5 |
|
COBRA |
|
3.4(b)(v) |
|
Code |
|
1.4 |
|
Contributed Property |
|
1.1 |
|
Contribution |
|
Background Information |
|
Credit Balances |
|
4.3(f) |
-i-
|
|
|
|
|
Damages |
|
4.2(a) |
|
Dentist Agreements |
|
1.1(l) |
|
Dentistry Restricted Territory |
|
3.2(b) |
|
Doctor for Kids |
|
Introduction |
|
Dr. Barney |
|
Introduction |
|
Dr. Brenchley |
|
Introduction |
|
Dr. Erickson |
|
Introduction |
|
Dr. Gomez |
|
Introduction |
|
|
|
|
|
Earn Out Payment |
|
1.4(d) |
|
East Valley |
|
Introduction |
|
EBITDA |
|
1.4(d) |
|
Effective Time |
|
1.5 |
|
EILP |
|
Introduction |
|
Employee Plans |
|
Exhibit B, Section B.19(a) |
|
Entity |
|
Exhibit A, Section A.3 |
|
Environmental Laws |
|
Exhibit B, Section B.11 |
|
Erickson Children’s Trust |
|
Introduction |
|
Erickson Living Trust |
|
Introduction |
|
ERISA |
|
Exhibit B, Section B.19(a) |
|
Estimated Closing Balance Sheet |
|
Exhibit B, Section B.7(c) |
|
Excluded Assets |
|
1.2 |
|
Exhibit A |
|
2.1 |
|
Exhibit B |
|
2.2 |
|
Exhibit C |
|
1.5 |
|
|
|
|
|
FFE, Inventory, and Supplies |
|
1.1(a) |
|
Financial Statements |
|
Exhibit B, Section B.7(a) |
|
Future Service Contracts |
|
1.1(k) |
|
|
|
|
|
Globe |
|
Introduction |
|
Goodwill |
|
1.1(m) |
|
Governmental Programs |
|
Exhibit B, Section B.27 |
|
Governmental Reimbursement Laws |
|
Exhibit B, Section B.27 |
|
|
|
|
|
Incorporated Documents |
|
5.8 |
|
Indemnifiable Claims |
|
4.2(b) |
|
Indemnified Party |
|
4.4(a) |
|
Indemnifying Party |
|
4.4(a) |
|
Intangibles |
|
1.1(f) |
|
Interim Statements |
|
Exhibit B, Section B.7(b) |
|
Investment Questionnaire |
|
3.2(d)(x) |
|
|
|
|
|
KeyBank |
|
Exhibit A, Section A.2(b) |
|
KeyBank Credit Facility |
|
Exhibit A, Section A.2(b) |
|
Kids Dental |
|
Introduction |
-ii-
|
|
|
|
|
Majority-in-Interest |
|
Exhibit C, Section 4 |
|
Material Adverse Effect |
|
Exhibit B, Section B.9(a) |
|
Material Agreement |
|
Exhibit B, Section B.20 |
|
Ms. Erickson |
|
Introduction |
|
|
|
|
|
New Employees |
|
3.4(b)(i) |
|
New Employment Agreement |
|
3.2(d)(v) |
|
New Office Lease |
|
3.2(d)(ix) |






