Document:

EXHIBIT 10.1

 

EXHIBIT A

 

VOTING AND TENDER AGREEMENT

 

                This VOTING AND
TENDER AGREEMENT (this “Agreement”),
is made and entered into as of December 19, 2005, by and among Progress
Software Corporation, a Massachusetts corporation (“Parent”),
Noble Acquisition Corp., a Delaware corporation and a wholly owned subsidiary
of Parent (“Merger Sub”), and the
undersigned stockholder (“Stockholder”)
of NEON Systems, Inc., a Delaware corporation (the “Company”).

 

RECITALS

 

                A.            Concurrently
with the execution of this Agreement, Parent, Merger Sub and the Company are
entering into an Agreement and Plan of Merger (the “Merger
Agreement”) pursuant to which Merger Sub has agreed to make a
tender offer (the “Offer”) for all outstanding
shares of common stock, par value $0.01 per share, of the Company (“Company Common Stock”) at a price
per share of $6.20, net to the seller in cash and subject to adjustment as set
forth in the Merger Agreement (the “Offer Price”),
such tender offer to be followed by the merger of Merger Sub with and into the
Company (the “Merger”).  Capitalized terms used but not defined herein
shall have the meanings given to them in the Merger Agreement.

 

                B.            Stockholder
is the record holder of such number of outstanding shares of Company Common
Stock as is indicated on the signature pages to this Agreement.

 

                C.            As
a material inducement to enter into the Merger Agreement, Parent and Merger Sub
desire Stockholder to agree, and Stockholder is willing to agree, to vote and
tender the Shares (as defined in Section 1.1 below), and such other shares of
capital stock of the Company over which Stockholder has voting power, so as to
facilitate consummation of the Offer and the Merger.

 

                In consideration of the foregoing and the
representations, warranties, covenants and agreements set forth in this
Agreement, the parties agree as follows:

 

1.          Tender
and Voting of Shares. 

 

1.1           Shares.  The term “Shares” shall mean all issued and outstanding shares of
Company Common Stock owned of record and beneficially owned by Stockholder or
over which Stockholder exercises sole voting power, in each case, as of the
date of this Agreement.  Stockholder
agrees that any shares of capital stock of the Company that Stockholder
purchases or with respect to which Stockholder otherwise acquires beneficial
ownership or over which Stockholder exercises sole voting power after the date
of this Agreement and prior to the termination of this Agreement pursuant to
Section 4 below shall be subject to the terms and conditions of this Agreement
to the same extent as if they constituted Shares as of the date hereof.

 

1.2           Agreement to Tender Shares.  Stockholder hereby covenants and agrees to
tender and, subject to the satisfaction of the Minimum Condition, to sell to
Merger Sub, not later than one (1) business day prior to the initial expiration
date of the Offer, without regard to any 

 

 

 

extension thereof (the “Initial Expiration Date”),
all the Shares, pursuant to and in accordance with the Offer and this
Agreement.  Stockholder agrees that
Stockholder shall deliver or cause to be delivered to the depositary for the
Offer, not later than one (1) business day before the Initial Expiration Date
of the Offer, either a letter of transmittal together with the certificates for
the Shares, if available, or a “Notice of Guaranteed Delivery”, if the
certificates for the Shares are not available. 
After such tender Stockholder shall not withdraw any such Shares, until
this Agreement is terminated in accordance with its terms.  Stockholder further agrees not to enter into
any agreement or understanding with any person the effect of which would be
inconsistent with or violative or any provision contained in this Section 1.2.

 

1.3           Agreement to Vote Shares.  Stockholder hereby covenants and agrees that
during the period commencing on the date hereof and continuing until this
Agreement terminates pursuant to Section 4 hereof, at any meeting (whether
annual or special and whether or not an adjourned or postponed meeting) of the
stockholders of the Company, however called, and in any action by written
consent of the stockholders of the Company, Stockholder shall appear at the
meeting or otherwise cause any and all Shares to be counted as present thereat
for purposes of establishing a quorum and vote (or cause to be voted) any and
all Shares:  (i) in favor of the approval
and adoption of the Merger Agreement and the approval of the Merger; and (ii)
against any Acquisition Proposal or Superior Offer.  Stockholder further agrees not to enter into
any agreement or understanding with any person the effect of which would be
inconsistent with or violative of any provision contained in this Section 1.3.

 

1.4           Irrevocable Proxy.  Concurrently with the execution of this
Agreement, Stockholder agrees to deliver to Parent a proxy in the form attached
hereto as Exhibit I (the “Proxy”), which shall be irrevocable, with respect to
the Shares, subject to the other terms of this Agreement.

 

1.5           Adjustments Upon Changes in
Capitalization.  In the event of any
change in the number of issued and outstanding shares of Company Common Stock
by reason of any stock split, reverse split, stock dividend (including any
dividend or distribution of securities convertible into Company Common Stock),
combination, reorganization, recapitalization or other like change, conversion
or exchange of shares, or any other change in the corporate or capital
structure of the Company, the term “Shares” shall be deemed to refer to and
include the Shares as well as all such stock dividends and distributions and
any shares into which or for which any or all of the Shares may be changed or
exchanged.

 

2

 

2.             Transfer and Other Restrictions.  Stockholder represents, covenants and agrees
that, except for the proxy granted in Section 1.4 hereof and as contemplated by
this Agreement:  (i) Stockholder shall
not, directly or indirectly, during the period commencing on the date hereof
and continuing until this Agreement terminates pursuant to Section 4 hereof,
offer for sale or agree to sell, transfer, tender, assign, pledge, hypothecate
or otherwise dispose of or enter into any contract, option or other arrangement
or understanding with respect to, or consent to, the offer for sale, sale,
transfer, tender, pledge, hypothecation, encumbrance, assignment or other
disposition of, or create any Encumbrance of any nature whatsoever with respect
to any or all of the Shares or any interest thereon; (ii) Stockholder shall not
grant any proxy, irrevocable proxy or power of attorney or deposit any Shares
into a voting trust or enter into a voting agreement or arrangement with
respect to the voting of Shares (each a “Voting
Proxy”) to any person except as provided by this Agreement; and
(iii) Stockholder has granted no Voting Proxy which is currently (or which will
hereafter become) effective with respect to the Shares, and if any Voting Proxy
has been granted to any person, such Voting Proxy is hereby revoked.  Notwithstanding the foregoing, Stockholder
may transfer any Shares as a bona fide gift or gifts, provided
that it shall be a condition to such transfer that each donee thereof executes
and delivers to Parent (A) an agreement with Parent and Merger Sub in the form
of this Agreement and (B) an irrevocable proxy in the form attached hereto as Exhibit
I, in each case with respect to any and all Shares so transferred.

 

3.             Representations and Warranties of Stockholder.  Stockholder represents and warrants to Parent
and Merger Sub that: 

 

3.1           Authority; Validity.  Stockholder has all requisite capacity, power
and authority to enter into this Agreement and to consummate the transactions
contemplated hereby, including, without limitation, to sell, assign, transfer
and deliver to Parent and/or Merger Sub, pursuant to the terms and subject to
the conditions of this Agreement and the Merger Agreement, the Shares. The
execution and delivery of this Agreement by Stockholder and the consummation by
Stockholder of the transactions contemplated hereby have been duly and validly
authorized by all necessary action on the part of Stockholder.  This Agreement has been duly executed and
delivered by Stockholder.  If this
Agreement is being executed in a representative or fiduciary capacity with
respect to Stockholder, the person signing this Agreement has full power and
authority to enter into and perform such Agreement. 

 

3.2           Non-Contravention.  The execution, delivery and performance of
this Agreement does not, and the consummation of the transactions contemplated
hereby and compliance with the provisions hereof will not, contravene, conflict
with, or result in any violation of, breach of or default by (with or without
notice or lapse of time, or both) Stockholder under, or give rise to a right of
termination, cancellation or acceleration of any obligation under, or result in
the creation of any Encumbrance upon any of the properties or assets of
Stockholder under, any provision of (i) any loan or credit agreement, note,
bond, mortgage, indenture, lease or other agreement, instrument, permit,
concession, franchise or license applicable to Stockholder or (ii) any
judgment, order, decree, statute, law, ordinance, injunction, rule or
regulation applicable to Stockholder or any of Stockholder’s properties or
assets, other than, in the case of clauses (i) and (ii), any such conflicts,
violations, defaults, rights, or Encumbrances that, individually or in the
aggregate, would not materially impair the ability of Stockholder to perform
Stockholder’s obligations hereunder or prevent, limit or restrict the
consummation of any of the transactions 

 

3

 

contemplated hereby.  There is no beneficiary or holder of a voting
trust certificate or other interest of any trust of which Stockholder is
settlor or trustee or any other person or Governmental Entity whose consent,
approval, order or authorization is required by or with respect to Stockholder
for the execution, delivery and performance of this Agreement by Stockholder or
the consummation by Stockholder of the transactions contemplated hereby. 

 

3.3           Title.  Stockholder is the record owner of the shares
of Company Common Stock indicated on the signature pages hereto, which, on and
as of the date hereof, are free and clear of any Encumbrances that would
adversely affect the ability of Stockholder to carry out the terms of this
Agreement.  The number of Shares set
forth on the signature pages hereto are the only Shares owned of record or
beneficially owned by Stockholder or over which Stockholder exercises voting
power and, except as set forth on such signature pages, Stockholder holds no
options or warrants to purchase or rights to subscribe for or otherwise acquire
any securities of the Company and has no other interest in or voting rights
with respect to any securities of the Company. 

 

3.4           Power.  Stockholder has sole voting power and sole
power to issue instructions with respect to the matters set forth in Section 1
and Section 2 hereof, sole power of disposition and sole power to agree to all
of the matters set forth in this Agreement, in each case with respect to all of
the Shares, with no limitations, qualifications or restrictions on such rights
(subject to applicable securities laws). 

 

3.5           No Other Rights.  Except for this Agreement, there are no
outstanding options, warrants or other rights to purchase or acquire any of the
Shares.

 

4.             Effectiveness;
Termination; No Survival.  This
Agreement shall become effective upon its execution by Stockholder, Parent and
Merger Sub and upon the execution of the Merger Agreement.  This Agreement may be terminated at any time
by mutual written consent of Stockholder, Parent and Merger Sub.  This Agreement, and the obligations of
Stockholder hereunder, including, without limitation, Stockholder’s obligations
under Section 1 and Section 2 above, shall terminate, without any action by the
parties hereto, upon the earliest to occur of the following: (i) such date and
time as the Merger shall become effective in accordance with the terms and
provisions of the Merger Agreement; (ii) such date and time as Merger Sub
accepts for payment all of the Shares held by Stockholder; (iii) such date and
time as the Merger Agreement has been amended by the parties thereto to lower
or change the form of consideration set forth in the Offer Price; and (iv) such
date and time as the Merger Agreement shall have been validly terminated
pursuant to Article 8 thereof.

 

5.             Further
Assurances.  Subject to the terms of
this Agreement, from time to time, Stockholder shall execute and deliver such
additional documents and use commercially reasonable efforts to take, or cause
to be taken, all such further actions, and to do or cause to be done, all
things reasonably necessary, proper or advisable under applicable laws and
regulations to consummate and make effective the transactions contemplated by
this Agreement.

 

6.                                       Miscellaneous.

 

4

 

6.1           Severability. 
If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions of this
Agreement shall remain in full force and effect and shall in no way be
affected, impaired or invalidated.

 

6.2           Binding Effect and Assignment.  This Agreement and all of the provisions
hereof shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns, but, except as otherwise
specifically provided herein, neither this Agreement nor any of the rights,
interests or obligations of the parties hereto may be assigned by either of the
parties without the prior written consent of the other.  Any purported assignment in violation of this
Section 6.2 shall be void.

 

6.3           Amendments and Modification.  This Agreement may not be modified, amended,
altered or supplemented except upon the execution and delivery of a written
agreement executed by the parties hereto.

 

6.4           Specific Performance; Injunctive Relief; Attorneys Fees.  The parties hereto acknowledge that Parent
and Merger Sub will be irreparably harmed and that there will be no adequate
remedy at law for a violation of any of the covenants or agreements of
Stockholder set forth herein.  Therefore,
it is agreed that, in addition to any other remedies that may be available to
Parent or Merger Sub upon any such violation, Parent and Merger Sub shall have
the right to enforce such covenants and agreements by specific performance,
injunctive relief or by any other means available to Parent or Merger Sub at
law or in equity and Stockholder hereby irrevocably and unconditionally waives
any objection to Parent and Merger Sub seeking so to enforce such covenants and
agreements by specific performance, injunctive relief and other means.  If any action, suit or other proceeding
(whether at law, in equity or otherwise) is instituted concerning or arising
out of this Agreement or any transaction contemplated hereunder, the prevailing
party shall recover, in addition to any other remedy granted to such party
therein, all such party’s costs and attorneys fees incurred in connection with
the prosecution or defense of such action, suit or other proceeding.

 

6.5           Notices.  All
notices and other communications hereunder shall be in writing and shall be
deemed given upon delivery either personally or by commercial delivery service,
or sent via facsimile (receipt confirmed) to the parties at the following
addresses or facsimile numbers (or at such other address or facsimile numbers
for a party as shall be specified by like notice):

 

if to Parent or Merger Sub,
to:

 

Progress Software
Corporation

14 Oak Park

Bedford, MA  01730

Facsimile:  (781) 280-4304 

Attention:  Joseph W. Alsop, Chief
Executive Officer

 

with copies to:

 

5

 

Progress
Software Corporation

14 Oak Park

Bedford, MA  01730

Facsimile:  (781) 280-4035 

Attention:      James D. Freedman, Senior
Vice President
                        and General
Counsel

 

and

 

Foley
Hoag LLP

Seaport World Trade Center West

155 Seaport Boulevard

Boston, Massachusetts  02210

Facsimile:  (617) 832-7000

Attention:      Robert L. Birnbaum, Esq.
and
                        William R. Kolb,
Esq.

 

if
to Stockholder, at its address set forth on the signature pages hereto,

 

with
a copy (which shall not constitute notice) to each of:

 

                                                NEON Systems,
Inc.

14100 Southwest Freeway, Suite 500

Sugar Land, TX  77478

Facsimile:  (281) 242-3880

Attention:  Mark J. Cresswell, Chief
Executive Officer

 

and

 

                                                Wilson Sonsini
Goodrich & Rosati, Professional Corporation

8911 Capital of Texas Highway North

Austin, TX  78759  

Facsimile:  (512) 338-5499

Attention:  Paul Tobias, Esq.

 

6.6           Governing Law; Submission to Jurisdiction.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware, regardless of
the laws that might otherwise govern under applicable principles of conflicts
of law thereof.  The parties hereby
irrevocably and unconditionally consent to submit to the exclusive jurisdiction
of the courts of the United States of America located in Boston, Massachusetts
for any actions, suits or proceedings arising out of or relating to this
Agreement (and the parties agree not to commence any action, suit or proceeding
relating thereto except in such courts), and further agree that service of any
process, summons, notice or document by U.S. certified mail shall be effective
service of process for any action, suit or proceeding brought against the
parties in any such court.  The parties
hereby irrevocably and unconditionally waive any objection to the laying of
venue of any action, suit or proceeding arising out of this Agreement, in the
courts of the United States of America located in Boston, Massachusetts, and
hereby further irrevocably and unconditionally

 

6

 

waive and agree not to plead or claim
in any such court that any such action, suit or proceeding brought in any such
court has been brought in an inconvenient forum.

 

6.7           Entire Agreement. 
The Merger Agreement, this Agreement and the Proxy granted hereunder
constitute and contain the entire agreement and understanding of the parties
with respect to the subject matter hereof and supersede any and all prior
negotiations, correspondence, agreements, understandings, duties or obligations
between the parties respecting the subject matter hereof.

 

6.8           Counterparts. 
This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument. 

 

6.9           Captions. 
The captions to sections of this Agreement have been inserted only for
identification and reference purposes and shall not be used to construe or
interpret this Agreement.

 

6.10         Stockholder Capacity.  Notwithstanding anything herein to the
contrary, Stockholder makes no agreement or understanding herein in his
capacity as a director or officer of the Company or any subsidiary of the
Company, and the agreements set forth herein shall in no way restrict
Stockholder in the exercise of his fiduciary duties as a director or officer of
the Company or any subsidiary of the Company or limit or affect any actions
taken by Stockholder in his capacity as an officer or director of the Company
or any subsidiary of the Company. 
Stockholder has executed this Agreement solely in his capacity as the
record and/or beneficial holder of Shares.

 

 

7

 

IN WITNESS WHEREOF, the parties hereto have
caused this Voting and Tender Agreement to be executed as of the date first
above written.

 

 

	
   

  	
  PROGRESS SOFTWARE CORPORATION 

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
  Name: Joseph W. Alsop 

  
	
   

  	
  Title: Chief Executive
  Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NOBLE ACQUISITION CORP. 

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
  Name: Joseph W. Alsop 

  
	
   

  	
  Title: President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  STOCKHOLDER:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  (Stockholder Name)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Stockholder’s Address for
  Notice:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Attention:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Outstanding Shares of
  Company Common Stock Beneficially Owned by Stockholder:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Options, Warrants or
  Rights to purchase Company Common Stock Beneficially Owned by Stockholder:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

EXHIBIT
I

IRREVOCABLE PROXY

The
undersigned stockholder (“Stockholder”)
of NEON Systems, Inc., a Delaware corporation (the “Company”),
hereby irrevocably appoints and constitutes the members of the Board of
Directors of Progress Software Corporation (“Parent”)
and each such Board member (collectively, the “Proxyholders”),
the agents, attorneys-in-fact and proxies of the undersigned, with full power
of substitution and resubstitution, to the full extent of the undersigned’s
rights with respect to the shares of capital stock of the Company which are
listed below (the “Shares”), and any and all
other shares or securities issued or issuable in respect thereof on or after
the date hereof and prior to the date this proxy terminates, to vote the Shares
as follows:  the Proxyholders named above
are empowered at any time prior to termination of this proxy to exercise all
voting and other rights (including, without limitation, the power to execute
and deliver written consents with respect to the Shares) of the undersigned at
every annual, special or adjourned meeting of the Company’s stockholders, and
in every written consent in lieu of such a meeting, or otherwise, (i) in favor
of the approval and adoption of the Agreement and Plan of Merger (the “Merger Agreement”) by and among
Parent, Noble Acquisition Corp., a Delaware corporation and wholly owned
subsidiary of Parent (“Merger Sub”),
and the Company and the approval of the merger of Merger Sub with and into the
Company (the “Merger”);
and (ii) against approval of any Acquisition Proposal or Superior Offer (each
as defined in the Merger Agreement).

The
Proxyholders may not exercise this proxy on any other matter.  Stockholder may vote the Shares on all
matters other than those set forth in the immediately preceding paragraph.  The proxy granted by Stockholder to the
Proxyholders hereby is granted as of the date of this Irrevocable Proxy in
order to secure the obligations of Stockholder set forth in Section 1.3 of the
Voting Agreement, and is irrevocable and coupled with an interest in accordance
with Section 212 of the Delaware General Corporation Law.

This
proxy will terminate upon the termination of the Voting Agreement in accordance
with its terms.  Upon the execution
hereof, all prior proxies given by the undersigned with respect to the Shares
and any and all other shares or securities issued or issuable in respect
thereof on or after the date hereof are hereby revoked and no subsequent
proxies will be given until such time as this proxy shall be terminated in
accordance with its terms.  Any
obligation of the undersigned hereunder shall be binding upon the successors
and assigns of the undersigned.  The
undersigned Stockholder authorizes the Proxyholders to file this proxy and any
substitution or revocation of substitution with the Secretary of the Company
and with any Inspector of Elections at any meeting of the stockholders of the
Company.

*     *    
*     *     *

This
proxy is irrevocable and shall survive the insolvency, incapacity, death or
liquidation of the undersigned.  Dated:

	
   

  	
   

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name (and Title)

  

 

 

	
  Shares of Company Common Stock beneficially
  owned: 

  	
   

  	
   

  

 

10

ANNEX A

 

 

 

Mark
Cresswell

 

Robert
Evelyn

 

Shelby
Fike

 

Chris
Garner

 

Brian
Helman

 

Jerry
Paladino

 

Dave
F. Cary

 

Loretta
Cross

 

George
H. Ellis

 

Richard
Holcomb

 

William
W. Wilson III

 

John
J. Moores

 

John
Moores & Rebecca Moores TR UA Dec 28 01 Andrew Olfson Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Jan 28 91
Anthony Kent Moores 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 1 28 91 FBO Anthony
Moores 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 10 6 94 FBO Avery K.
Moores 1994 Trust

 

Lanny
Schulman & John Moores & Rebecca Moores TTEES FBO Avery Katherine
Moores 1994 Trust

 

Evekyb
Dixon & Rebecca Moores & John J. Moores TR UA 5 6 93 FBO Barry A.
Moores 1993 Trust

 

 

Lanny
Schulman & John Moores & Rebecca Moores TTEE FBO Barry Alexander Moores
1993 Trust

 

John
J. Moores & Rebecca Baas Moores & Lany Schulman TR UA Jan 28 92 Barry
Owen Moores 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 1 28 91 FBO Barry Owen
Moores 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 30 96 FBO Benjamin H.
Moores 1996 Trust

 

Lanny
Schulman & John Moores & Rebecca Moores TTEES FBO Benjamin Hunter
Moores 1996 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Britton L.
Baas 1990 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90
Britton Lee Baas 1990 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA Dec 29 90 Christopher N.
Baas 1990 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90
Christopher Nathan Bass Trust

 

John
Moores & Rebecca Moores TR UA Jul 15 99 Earl Wiley Pantley Trust

 

John
Moores & Rebecca Moores TR UA Jul 15 99 Edward Douglas Pantley Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Jason B.
Schulman 1990 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90 Jason
Brian Schulman 1990 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 31 86
Jennifer Ann Moores Trust

 

JMI
Services, Inc.

 

Lanny
Schulman & Rebecca Moores & John J. Moores as TTEES FBO John J. Moores
Jr. Trust DTD 12/31/86

 

2

 

John
Jay Moores & Rebecca Ann Moores Co-TTEES UDT 5/22/03 John Jay Moores &
Rebecca Ann Moores Family Trust

 

John
J.Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 31 86 John
Jay Moores Jr. Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Melissa K
Moores 1990 Trust

 

John
Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90 Melissa
Kristen Moores 1990 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 1 28 91 FBO Michael &
Debra Baas 1991 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Jan 28 92
Michael Baas & Deborah Bas 1991 Trust

 

John
Moores & Rebecca Baas Moores & Lanny Schulman TR UA Jan 28 91 Molly
Moores Schulman 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 1 28 91 FBO Molly Moores
Schulman 1991 Trust

 

Lanny
Schulman & Rebecca Baas Moores & John J. Moores TR FBO Jennifer Ann
Moores DTD 12 31 86

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Jan 28 91
Patrick Baas & Rosario Baas 1991 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 1 28 91 FBO Patrick
Rosario Baas 1991 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90 Rachel
Erin Schulman 1990 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Rosanne E.
Baas 1990 Trust

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90
Rosanne Elaine Baas 1990 Trust

 

Evekyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Seth J. Baas
1990 Trust

 

3

 

John
J. Moores & Rebecca Baas Moores & Lanny Schulman TR UA Dec 29 90 Seth
Joseph Baas 1990 Trust

 

Evelyn
Dixon & Rebecca Moores & John J. Moores TR UA 12 29 90 FBO Rachel E.
Schulman

 

4BP - x1-54831 - PanAmericanBancorp - Exhibit 10.2

EXHIBIT 10.2

Board Resolution Approving Warrant Plan

RESOLVED, that, subject to the approval of the stockholders, the issuance from time to time by the Board of Directors of Series G Common Stock Purchase Warrants to purchase up to 250,000 restricted shares of Common Stock at an exercise to be determined by the Board of Directors of the Company, which may be below the market price of the Common Stock on the grant date, to directors of the Company, officers of the Company and persons with whom the Company enters into consulting or similar arrangements (the “Warrant Plan”) and the form of Warrant attached hereto as Exhibit C, be and hereby is approved and the submission of the Warrant Plan to the stockholders for their approval at the Special Meeting be and hereby is approved; and be it further

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