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Shareholder Voting Agreement and Irrevocable Proxy

 

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Title:

Shareholder Voting Agreement and Irrevocable Proxy

Entities:

Aeroflex Inc.; Dykema Gossett PLLC

Date:

2003

Size:

Preview shows 4KB of 19KB total

Price:

$41

ID:

#1138057

 

 

► Corporate ► Proxies ► Irrevocable ► Voting ► Shareholder Voting Agreements & Irrevocable Proxies
► Technology ► Semiconductors
► Services ► Legal

 

 

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<SEQUENCE>5

<FILENAME>july03sagt8-kexh.txt
<DESCRIPTION>SHAREHOLDER'S VOTING/IRREVOCABLE PROXY AGT.
<TEXT>

June 27, 2003

Aeroflex Incorporated
and MCE Acquisition Corporation
35 South Service Road
Plainview, New York 11803
Attn.: Michael Gorin, President

MCE Technologies, Inc.
310 Dino Drive
Ann Arbor, Michigan 48103
Attn: John L. Smucker, President

Re: MCE / AEROFLEX
Shareholder Voting Agreement and Irrevocable Proxy
--------------------------------------------------

Gentlemen:

Reference is made to that certain Agreement and Plan of Merger (the
"Merger Agreement"), dated as of the date hereof, among MCE Technologies, Inc.,
a Michigan corporation ("MCE"), Michael J. Endres, on behalf of the shareholders
and warrantholders of MCE (the "Shareholders' Representative"), MCE Acquisition
Corporation, a Michigan corporation ("Acquisition"), and Aeroflex Incorporated,
a Delaware corporation ("Aeroflex").

Unless otherwise indicated or specifically defined, all capitalized
terms used herein shall have the meaning ascribed to them in the Merger
Agreement.

This letter agreement is the Shareholder Voting Agreement described in
Section 6.5 of the Merger Agreement. As an essential condition and inducement to
Aeroflex and Acquisition to enter into the Merger Agreement and in consideration
therefor, the undersigned has agreed to enter into this Agreement

To that end, in consideration of the foregoing and the mutual covenants
and agreements contained herein and in the Merger Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and intending to be legally bound hereby, the parties hereto
hereby agree as follows:

1. Voting of Shares.
----------------

(a) Voting Agreement. The undersigned hereby agrees, during
----------------
the period commencing on the date hereof and continuing until termination in
accordance with Section 4 hereof (the "Voting Period"), to (i) appear or cause
the holder of record on any applicable record date (the "Record Holder") to
appear for the purpose of obtaining a quorum at any annual or special meeting of
shareholders of MCE and at any adjournment thereof at which matters


<PAGE>


relating to the Merger, Merger Agreement, or any transaction contemplated
thereby are considered, and (b) vote, or cause the Record Holder to vote, in
person or by proxy, at a meeting or by written consent, all of the MCE Shares
owned by the undersigned, or with respect to which the undersigned has or shares
voting poweror control, and all of the MCE Shares which shall, or with respect
to which voting power or control shall, hereafter be acquired by the undersigned
(collectively, the "Covered Shares") in favor of the Merger, the Merger
Agreement and the transactions contemplated thereby; provided that the
Shareholders shall not be required to take the aforementioned actions in the
event that there is a Change in MCE Recommendation.

(b) Grant of Irrevocable Proxy.
--------------------------

(i) The undersigned hereby appoints Aeroflex and any designee of
Aeroflex, and each of them individually, as the undersigned's proxy and
attorney-in-fact, with full power of substitution and resubstitution, to vote or
act by written consent during the Voting Period with respect to the Covered

 

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