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Title: |
Voting Agreement |
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Entities: |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 24KB total |
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Price: |
$34 |
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ID: |
#1351753 |
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VOTING AGREEMENT
VOTING AGREEMENT, dated as of June 7, 2001 (this "Agreement"), by
and between NetZero, Inc., a Delaware corporation ("NetZero"), and the
undersigned stockholder ("Stockholder") of Juno Online Services, Inc., a
Delaware corporation ("Juno").
RECITALS
A. Concurrently with the execution of this Agreement, NetZero, Juno
and others are entering into an Agreement and Plan of Merger (the "Merger
Agreement"), pursuant to which NetZero and Juno will effect a business
combination, upon the terms and subject to the conditions set forth in the
Merger Agreement (the "Mergers"). Unless otherwise indicated, capitalized
terms not defined herein have the meanings given to them in the Merger
Agreement.
B. The Stockholder is a stockholder of Juno and has the voting power
with respect to such number of shares of the outstanding capital stock of Juno
as is indicated on the final page of this Agreement (collectively, the
"Shares").
C. As a material inducement to enter into the Merger Agreement and
to consummate the Mergers, NetZero desires the Stockholder to agree, and the
Stockholder is willing to agree (i) to vote the Shares and any other such
shares of capital stock of Juno acquired by Stockholder so as to facilitate
consummation of the Mergers and (ii) to not engage in certain solicitation
activities.
NOW, THEREFORE, intending to be legally bound, the parties agree as
follows:
1. Voting of Shares.
Section 1.1 Voting Agreement. Subject to the terms and conditions of this
Agreement, at every meeting of the stockholders of Juno called with respect to
any of the following, and at every adjournment or postponement thereof, and on
every action or approval by written consent of the stockholders of Juno with
respect to any of the following, Stockholder shall vote or cause to be voted
the Shares and any New Shares (as hereinafter defined) (x) in favor of (i)
adoption of the Merger Agreement, (ii) waiving any notice that may have been
or may be required relating thereto and (iii) any matter that would reasonably
be expected to facilitate the Mergers and (y) against any matter that would
reasonably be expected to hinder, impede, prevent or delay the consummation of
the Mergers. Stockholder shall not, from the date of this Agreement until the
Expiration Date (as hereinafter defined), enter into any agreement or
understanding with any Person to vote or give instructions inconsistent with
clause "(x)" or "(y)" of the preceding sentence.
Section 1.2 New Shares. Stockholder agrees that any shares of capital
stock of Juno that Stockholder purchases or with respect to which Stockholder
otherwise acquires beneficial ownership ("New Shares") after the execution of
this Agreement and prior to the Expiration Date shall be subject to the terms
and conditions of this Agreement to the same extent as if they constituted
Shares.
<PAGE>
Section 1.3 Proxy.
(a) Concurrently with the execution of this Agreement: (i) Stockholder
shall deliver to NetZero a proxy in the form attached hereto as Exhibit A,
which shall be irrevocable to the fullest extent permitted by law, with
respect to the shares referred to therein (the "Proxy"); and (ii) Stockholder
shall cause to be delivered to NetZero an additional proxy (in the form
attached hereto as Exhibit A) executed on behalf of the record owner of any
Shares that are owned beneficially (but are not owned of record) by
Stockholder.
(b) After the execution of this Agreement until the Expiration Date,
Stockholder shall execute or cause to be executed such further proxies as may
be requested by NetZero with respect to any New Shares, and Stockholder shall
promptly notify NetZero upon acquiring beneficial ownership of any New Shares.
(c) Stockholder covenants and agrees that, from the date of this
Agreement until the Expiration Date, Stockholder will not deposit any of the
Shares into a voting trust or grant a proxy or enter into a voting agreement
or similar contract with respect to any of the Shares.
2. Representations and Warranties of the Stockholder.
Section 2.1 Ownership of Shares. Stockholder represents and warrants that
Stockholder (i) is the record and beneficial owner of and has the sole right
to vote or direct the voting of the Shares, which at the date hereof are free
and clear of any liens, claims, options, charges or other encumbrances (other
than Shares that have been placed in the Selling Trust prior to the date
hereof) and (ii) does not own, either beneficially or of record, any shares of
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