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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 23KB total |
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Price: |
$34 |
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ID: |
#1351755 |
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VOTING AGREEMENT
VOTING AGREEMENT, dated as of June 7, 2001 (this "Agreement"), by and
between Juno Online Services, Inc., a Delaware corporation ("Juno"), and the
undersigned stockholder ("Stockholder") of NetZero, Inc., a Delaware
corporation ("NetZero").
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 NetZero and has the voting power
with respect to such number of shares of the outstanding capital stock of
NetZero 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, Juno 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 NetZero acquired and beneficially owned by
Stockholder so as to facilitate consummation of the Mergers.
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 NetZero 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 NetZero
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 NetZero 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 Juno 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 Juno 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 Juno with respect to any New Shares, and Stockholder shall
promptly notify Juno 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. Waiver of Appraisal Rights. Stockholder hereby irrevocably and
unconditionally waives any rights of appraisal, dissenters' rights or similar
rights that Stockholder may have in connection with the Mergers. Stockholder
shall cause to be irrevocably and unconditionally waived any such rights that
any Affiliate of Stockholder may have in connection with the Mergers.
3. Representations and Warranties of the Stockholder.
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