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Exhibit 99.4
FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
THIS FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT (the
"AMENDMENT"), dated as of June 15, 2000, is made and entered into among
INTERDENT, INC. (the "COMPANY"), the Requisite Holders and Levine Leichtman
Capital Partners II, L.P. ("LEVINE").
WHEREAS, the Company has entered into a Registration Rights Agreement
dated as of March 11, 1999 (the "REGISTRATION RIGHTS AGREEMENT"), pursuant to
which the Holders received registration rights with respect to certain
securities of the Company owned by the Holders; and
WHEREAS, Levine desires to become a party to the Registration Rights
Agreement, as amended hereby.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Capitalized terms used but not otherwise defined herein shall have
the meanings ascribed to such terms in the Registration Rights Agreement.
2. Pursuant to Section 19 thereof, the Registration Rights Agreement is
hereby amended as follows:
(a) For all purposes of the Registration Rights Agreement,
Levine shall be considered a Holder and entitled to all rights and subject to
all obligations under the Registration Rights Agreement, as amended pursuant to
this Amendment.
(b) SCHEDULE I to the Registration Rights Agreement is hereby
amended to add at the end thereof, the following text:
Levine Leichtman Capital Partners II, L.P.
c/o Levine Leichtman Capital Partners, Inc.
335 North Maple Drive, Suite 240
Beverly Hills, CA 90210
Attention: Arthur E. Levine, President
Telephone: (310) 275-5335
Telecopier: (310) 275-1441
(c) Section 2(b)(ii) is hereby amended and restated to read in
its entirety as follows:
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"(ii) the Company may delay the filing or effectiveness of any
Registration Statement for a period of up to 90 days (plus an additional 30 days
if approved by a majority of the Board of Directors) after the date of a request
for registration pursuant to Section 2(a) if at the time of such request or
prior to the effectiveness of such Registration Statement the Company is engaged
in a Material Transaction; PROVIDED, however, that the Company may not delay the
filing or effectiveness of any Registration Statement pursuant to this Section
2(b)(ii) more than (x) two (2) times in any 360 consecutive day period, (y) 120
days in any 180 consecutive day period or (z) 180 days in any 360 consecutive
day period; and"
3. All other provisions of the Registration Rights Agreement shall
remain in full force and effect.
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IN WITNESS WHEREOF, the parties have executed and delivered this First
Amendment to Registration Rights Agreement as of the day and year first above
written.
INTERDENT, INC.
By:
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Michael T. Fiore
Co-Chairman of the Board
and Chief Executive Officer
LEVINE LEICHTMAN CAPITAL PARTNERS,
INC., a California corporation
On behalf of LEVINE LEICHTMAN CAPITAL
PARTNERS II, L.P., a California limited
partnership
By:
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Lauren B. Leichtman
Chief Executive Officer
REQUISITE HOLDERS:
CB CAPITAL INVESTORS, LLC.
By: Chase Capital Partners,
its Investment Manager
By:
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Name:
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Title:
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SPROUT CAPITAL VII, L.P.
By: DLJ Capital Corp.,
its Managing General Partner
By:
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Robert Finzi
Attorney in Fact
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[Continued Next Page]
SPROUT GROWTH II, L.P.
By: DLJ Capital Corp.,
its Managing General Partner
By:
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Robert Finzi
Attorney in Fact
THE SPROUT CEO FUND, L.P.
By: DLJ Capital Corp.,
its General Partner
By:
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Robert Finzi
Attorney in Fact
DLJ CAPITAL CORP.
By:
--------------------------------------------
Robert Finzi
Attorney in Fact
DLJ FIRST ESC L.L.C.
By: DLJ LBO Plans Management Corporation,
its Manager
By:
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Robert Finzi
Attorney in Fact
SRM '93 Children's Trust
By:
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Name:
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Title:
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Michael T. Fiore
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Dr. Steven R. Matzkin
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L. Theodore Van Eerden
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Norman R. Huffaker
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Randy Henry
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Grant M. Sadler
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David P. Nichols
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Mitchell B. Olan
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Robert Finzi
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Eric Green
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Paul H. Keckley
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H. Wayne Posey
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Robert F. Raucci
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Curtis Lee Smith, Jr.
