Exhibit 10.9
EXECUTION VERSION
INDEMNIFICATION AGREEMENT
This INDEMNIFICATION AGREEMENT, dated as of July 1, 2016 (the “Agreement”), is among CD&R Vector Topco, Inc., a Delaware corporation (the “Company”), CD&R Vector Midco, Inc., a Delaware corporation (“Midco”), CD&R Vector Parent, Inc., a Delaware corporation (“Parent”) and Primary Provider Management Co., Inc., a California corporation (“Opco” and together with the Company, Midco and Parent, the “Company Entities”), CD&R Vector Holdings, L.P., a Cayman Islands exempted limited partnership (“CD&R Investor”), Clayton, Dubilier & Rice Fund IX, L.P., a Cayman Islands exempted limited partnership (the “Fund”), Clayton, Dubilier & Rice Fund IX-A, L.P., a Cayman Islands exempted limited partnership (the “Parallel Fund”), CD&R Advisor Fund IX, L.P., a Cayman Islands exempted limited partnership (together with the Fund and the Parallel Fund, the “CD&R Funds”), and Clayton, Dubilier & Rice, LLC, a Delaware limited liability company (“Manager”). Capitalized terms used herein without definition have the meanings set forth in Section 1 of this Agreement.
RECITALS
A. The Fund is managed by Manager, the general partner of the Fund is CD&R Associates IX, L.P., a Cayman Islands exempted limited partnership (the “GP of the Fund”), the general partner of the GP of the Fund is CD&R Investment Associates IX, Ltd., a Cayman Islands exempted company (together with the GP of the Fund and any other investment vehicle that is a direct or indirect stockholder in the Company and managed by Manager or its Affiliates, “Manager Associates”).
B. Parent entered into an Agreement and Plan of Merger, dated as of May 25, 2016, by and among Parent, CD&R Vector Merger Sub, Inc., a California corporation (“Merger Sub”), Lineage Investments, Inc., a California corporation (“Lineage”), and Adrian Jayasinha and Ann Abraham Azer, solely in their capacity as the representatives of sellers (the “Merger Agreement”), pursuant to which the Company, indirectly through its indirect wholly-owned subsidiary Merger Sub, acquired Lineage, the direct parent of Opco, on the date hereof, by means of a merger of Merger Sub with and into Lineage, with Lineage continuing as the surviving corporation (such merger, the “Merger”).
C. In connection with the Merger, the Fund entered into an Equity Financing Commitment Letter, dated as of May 25, 2016, with Parent (as amended, restated, supplemented or otherwise modified from time to time, the “Commitment Letter”), pursuant to which the Fund has agreed, subject to the conditions set forth therein, to purchase indirectly common stock of Parent for an aggregate purchase price equal to its Commitment (as defined in the Commitment Letter).