ASSIGNMENT
Exhibit 10.1
ASSIGNMENT
This ASSIGNMENT (this Assignment), is made this 16th day of April, 2007, by Viewer Holdings LLC, a Delaware limited liability company (Stockholder), for the benefit of OCM Principal Opportunities Fund IV, L.P., a Cayman Islands exempted limited partnership (OCM Fund), MTS Health Investors II, L.P., a Delaware limited partnership (MTS), Alliance-Oaktree Co-Investors, LLC, a Delaware limited liability company (Co-Investors), Alliance-MTS Co-Investors I, LLC, a Delaware limited liability company (Co-Investors I) and Alliance-MTS Co-Investors II, LLC, a Delaware limited liability company (Co-Investors II, together with OCM Fund, MTS, Co-Investors and Co-Investors I, the Purchasers).
WHEREAS, Stockholder is a party to that certain Registration Rights Agreement, dated as of November 2, 1999, by and among Alliance Imaging, Inc., a Delaware corporation (the Company), Stockholder and certain other parties thereto (the Registration Rights Agreement);
WHEREAS, Stockholder is party to that certain Stock Purchase Agreement, dated as of March 16, 2007 (the Stock Purchase Agreement), by and among Stockholder, OCM Fund and MTS, pursuant to which Stockholder has agreed to sell, and OCM Fund and MTS have agreed to purchase, an aggregate of 24,501,505 shares (the Shares) of common stock, par value $0.01 per share (the Common Stock), of the Company (the Share Purchase);
WHEREAS, MTS has assigned its rights under the Stock Purchase Agreement with respect to 1,600,000 shares of Common Stock to Co-Investors, Co-Investors I and Co-Investors II, and OCM Fund has assigned its rights under the Stock Purchase Agreement with respect to 160 shares of Common Stock to Co-Investors; and
WHEREAS, in connection with the Share Purchase, Stockholder has agreed to assign Stockholders registration rights relating to the Shares under the Registration Rights Agreement.
NOW THEREFORE, in consideration of the premises:
1. Stockholder hereby assigns its rights and future obligations for all purposes under the Registration Rights Agreement (a) with respect to the Shares to the Purchasers, including without limitation the registration rights in connection with the ownership of the Shares pursuant to Sections 3 and 4 of the Registration Rights Agreement.
2. For the avoidance of doubt, immediately following the effectiveness hereof:
(a) The Shares shall be deemed to be Registrable Securities under the Registration Rights Agreement; and
(b) The Purchasers shall each be deemed to be Investors and Holders under the Registration Rights Agreement.
3. Notwithstanding anything herein to the contrary, Stockholder shall not be deemed to be assigning any rights it may have under the Registration Rights Agreement with respect to any shares of Common Stock it holds on the date hereof or held at any time prior to the date hereof, other than the Shares, including without limitation any rights under Sections 8 of the
Registration Rights Agreement with respect to shares of Common Stock previously sold by Stockholder pursuant to the Registration Rights Agreement.
4. Stockholder covenants and agrees that Stockholder will have no right to exercise any Demand Registration at any time during which either (i) the registration statement on Form S-3, registration number 333-122453, or any other registration statement including Stockholders shares, is effective and Stockholder has the ability to sell all of its shares of Common Stock thereunder, or (ii) Stockholder has the ability to sell all of its shares of Common Stock pursuant to Rule 144(k) under the Securities Act.
5. Capitalized terms not defined herein but defined under the Registration Rights Agreement shall have the meanings under the Registration Rights Agreement.
6. This Assignment shall become effective upon Closing (as defined under the Stock Purchase Agreement).
[Signature Pages Follow]
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VIEWER HOLDINGS LLC | |||
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| By: | KKR 1996 FUND L.P., Managing | |
| By: | KKR ASSOCIATES 1996 L.P., General | |
| By: | KKR 1996 GP LLC, General Partner | |
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| By: | /s/ Michael W. Michelson |
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| Name: Michael W. Michelson | |
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| Title: Member |
[Signature Page to Assignment]
AGREED TO AND ACCEPTED: |
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OCM PRINCIPAL OPPORTUNITIES FUND IV, L.P. |
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By: |
| OCM PRINCIPAL OPPORTUNITIES |
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| FUND IV GP, L.P., its General Partner |
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By: |
| OCM PRINCIPAL OPPORTUNITIES |
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| FUND IV GP LTD., its General Partner |
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By: |
| OAKTREE CAPITAL MANAGEMENT, LLC, |
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| Director |
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By: |
| /s/ Michael P. Harmon |
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Name: |
| Michael P. Harmon |
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Title: |
| Managing Director |
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By: |
| /s/ Adam Pierce |
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Name: |
| Adam Pierce |
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Title: |
| Assistant Vice President |
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ALLIANCE-OAKTREE CO-INVESTORS, LLC |
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By: |
| OCM PRINCIPAL OPPORTUNITIES FUND GP, L.P., |
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| its Managing Member |
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By: |
| OCM PRINCIPAL OPPORTUNITIES |
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| FUND IV GP LTD., its General Partner |
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By: |
| OAKTREE CAPITAL MANAGEMENT, LLC, |
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| Director |
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By: |
| /s/ Michael P. Harmon |
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Name: |
| Michael P. Harmon |
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Title: |
| Managing Director |
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By: |
| /s/ Adam Pierce |
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Name: |
| Adam Pierce |
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Title: |
| Assistant Vice President |
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[Signature Page to Assignment]
MTS HEALTH INVESTORS II, L.P. |
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By: |
| MTS HEALTH INVESTORS II GP, |
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| LLC, its General Partner |
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By: |
| MTS HEALTH INVESTORS II GP |
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| HOLDINGS, LLC, the Class A Member |
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By: |
| /s/ Curtis S. Lane |
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Name: |
| Curtis S. Lane |
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Title: |
| Senior Managing Director |
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ALLIANCE-MTS CO-INVESTORS I, LLC |
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By: |
| MTS HEALTH INVESTORS II GP, L.P. |
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| its Managing Member |
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By: |
| MTS HEALTH INVESTORS II GP |
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| HOLDINGS, LLC, the Class A Member |
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By: |
| /s/ Curtis S. Lane |
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Name: |
| Curtis S. Lane |
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Title: |
| Senior Managing Director |
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ALLIANCE-MTS CO-INVESTORS II, LLC |
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By: |
| MTS HEALTH INVESTORS II GP, L.P. |
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| its Managing Member |
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By: |
| MTS HEALTH INVESTORS II GP |
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| HOLDINGS, LLC, the Class A Member |
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By: |
| /s/ Curtis S. Lane |
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Name: |
| Curtis S. Lane |
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Title: |
| Senior Managing Director |
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[Signature Page to Assignment]
ACKNOWLEDGED AND ACCEPTED: |
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ALLIANCE IMAGING, INC. |
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By: |
| /s/ Eli H. Glovinsky |
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Name: |
| Eli H. Glovinsky |
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Title: |
| Executive Vice President, General Counsel |
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| and Corporate Secretary |
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[Acknowledgement Page to Assignment]