Document:

ex10_5.htm

Exhibit 10.5

 

Execution Version

NON-COMPETITION AGREEMENT

This Non-Competition Agreement dated June 1, 2010 (the "Non-Competition Agreement"), is by and among RCI Entertainment (3315 North Freeway FW), Inc., a Texas corporation (“RCI”), and James Noryian, an individual residing in Texas (“Noryian”).

W I T N E S S E T H:

WHEREAS, Sherri Mofid, an individual and the mother of Noryian (“Mofid”), owns 100% of the outstanding shares of common stock of Restaurant Associates, Inc., a Texas corporation (the “Company”), which owns and operates an adult entertainment cabaret known as Fort Worth Gentleman’s Club (the “Club”) located at 3315 North Freeway, Fort Worth, Texas 76106; and

WHEREAS, Mofid owns 100% of the outstanding membership interests of Voldar, LLC, a Texas limited liability company (“Voldar”), which owns the real property commonly known as 3315 North Freeway, Fort Worth, Texas 76106 (the “Real Property”) as is more fully described on Exhibit “A” attached to the Purchase Agreement (as defined below); and

WHEREAS, Mofid owns the real property located at BLK 3, Lot 4R and 5R, Diamond Heights Industrial Addition, Fort Worth, Texas 76106 (the “Adjacent Property”), which is located adjacent to the Real Property and is more fully described on Exhibit “B” attached to the Purchase Agreement (as defined below); and

WHEREAS, RCI, the Company, Voldar, Mofid, John Faltynski, and Noryian entered into an Asset Purchase Agreement dated June 1, 2010 (the “Purchase Agreement”), pursuant to which (i) the Company has agreed to sell all of the assets owned by it which are associated or used in connection with the operation of the Club, (ii) Voldar has agreed to lease the Real Property to RCI with an Option to Purchase and (iii) Mofid has agreed to lease the Adjacent Property to RCI with the Option to Purchase (collectively, the “Transaction”); and

WHEREAS, in connection with the Transaction, RCI has agreed to pay the Company cash consideration, as more fully described in the Purchase Agreement; and

WHEREAS, Noryian (i) is the son of Mofid, (ii) has knowledge and experience in the business and operations of the Company and the Club, (iii) has actively consulted with Mofid regarding the business and operations of the Company and the Club, and (iv) was instrumental in the negotiations of the Transaction, and as such receives a benefit from the Transaction; and

WHEREAS, Mofid, as the sole owner of the Company and of Voldar, will benefit from the Transaction, and Norwian will also benefit from the Transaction through his relationship and financial dealings with Mofid; and

WHEREAS, in connection with the Transaction, RCI has agreed to pay Noryian cash consideration of ten dollars ($10.00), and Noryian agrees that his receipt of such cash consideration, in addition to other good and valuable consideration he receives in connection with the Transaction, constitutes valid consideration for his entry into this Non-Competition Agreement, as more fully described herein; and

  

 

  

WHEREAS, RCI requires that Noryian enter into this Non-Competition Agreement as a condition to RCI entering into the Purchase Agreement and effecting the Transaction; and

WHEREAS, to induce RCI to enter into the Purchase Agreement and to complete the Transaction, Noryian agreed to enter into this Non-Competition Agreement; and

NOW, THEREFORE, in consideration of the premises, the closing of the Transaction, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.            Covenants.   For a period of five (5) years from the date of execution hereof (such five (5) year period being referred to herein as the “Restricted Period”), Noryian shall not, directly or indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, investor or in any other individual or representative capacity, whether for compensation or not:

	
  

	
(a)

	
Own, or have any rights of conversion to own, or share in the earnings of, carry on, manage, operate, control, be engaged in, render services to or solicit customers for any business engaged in the operation of an establishment featuring live female nude or semi-nude entertainment within a ten (10) mile radius of the Club (the “Prohibited Area”) provided that two locations identified on Exhibit “C” attached hereto are specifically excluded from the Prohibited Area; or

	
  

	
(b)

	
Solicit or induce, or attempt to solicit or induce, wherever located, any employee, independent contractor, or agent or consultant of the Club, RCI, or any of their affiliates or parent (collectively, the “Rick’s Parties”) to leave his or her employment or terminate his or her agreement or relationship with any of the Rick’s Parties.

2.             Noryian’s Acknowledgments and Agreements.  Noryian acknowledges and agrees that:

	
  

	
(a)

	
He has received cash consideration of ten dollars ($10.00) for his entry into this Non-Competition Agreement and that his receipt of such cash consideration, in addition to other good and valuable consideration he receives in connection with the Transaction, constitutes valid consideration to him for his entry into this Non-Competition Agreement;

	
  

	
(b)

	
Due to the nature of the Rick’s Parties’ business, the foregoing covenants place no greater restraint upon Noryian than is reasonably necessary to protect the business and goodwill of the Rick’s Parties;

	
  

	
(c)

	
These covenants protect a legitimate interest of the Rick’s Parties and do not serve solely to limit the future competition of the Rick’s Parties;

	
  

	
(d)

	
This Non-Competition Agreement is not an invalid or unreasonable restraint of trade;

  

Non-Competition Agreement - Page 2 of 7

  

	
  

	
(e)

	
A breach of these covenants by Noryian would cause irreparable damage to the Rick’s Parties;

	
  

	
(f)

	
These covenants will not preclude Noryian from obtaining reasonable business relationships or becoming gainfully employed following the closing of the Purchase Agreement;

	
  

	
(g)

	
These covenants are reasonable in scope and are reasonably necessary to protect the business and goodwill and valuable and extensive trade which the Rick’s Parties have established through their own expense and effort;

	
  

	
(h)

	
The signing of this Non-Competition Agreement is necessary as part of the consummation of the Transaction previously discussed; and

	
  

	
(i)

	
Noryian has carefully read and considered all provisions of this Non-Competition Agreement and that all of the restrictions set forth are fair and reasonable and are reasonably required for the protection of the interests of the Rick’s Parties.

3.            Remedies, Injunction.  In the event of Noryian’s actual breach of any provisions of this Non-Competition Agreement, Noryian agrees that the Rick’s Parties shall be entitled to a temporary restraining order, preliminary injunction and/or permanent injunction restraining and enjoining Noryian from violating the provisions herein.  Nothing in this Non-Competition Agreement shall be construed to prohibit any of the Rick’s Parties from pursuing any other available remedies for such breach or threatened breach, including the recovery of damages from Noryian.  Noryian further agrees that, for the purpose of any such injunction proceeding, it shall be presumed that the Rick’s Parties’ legal remedies would be inadequate and that the Rick’s Parties would suffer irreparable harm as a result of Noryian’s violation of the provisions of this Non-Competition Agreement.

4.            Severability.  In the event that any of the provisions of this Non-Competition Agreement are held to be invalid or unenforceable in whole or in part, those provisions to the extent enforceable and all other provisions shall nevertheless continue to be valid and enforceable as though the invalid or unenforceable parts had not been included in this Non-Competition Agreement.  In the event that any provision relating to the time period or scope of a restriction shall be declared by a court of competent jurisdiction to exceed the maximum time period or scope such court deems reasonable and enforceable, then the time period or scope of the restriction deemed reasonable and enforceable by the court shall become and shall thereafter be the maximum time period or the applicable scope of the restriction.  Noryian further agrees that such covenants and/or any portion thereof are severable, separate and independent, and should any specific restriction or the application thereof, to any person, firm, corporation, or situation be held to be invalid, that holding shall not affect the remainder of such provisions or covenants.

5.            General Provisions.

	
  

	
(a)

	
Notices.  Any notices to be given hereunder by either party to the other may be effected either by personal delivery in writing or by mail, registered or certified, postage prepaid with return receipt requested or by a recognized overnight delivery service.  Mailed notices shall be addressed to the parties at the addresses set forth below, but each party may change their address by written notice in accordance with this Paragraph 5(a).  A notice or communication will be effective (i) if delivered in Person or by overnight courier, on the business day it is delivered and (ii) if sent by registered or certified mail, three (3) business days after dispatch.

  

Non-Competition Agreement - Page 3 of 7

  

	
  

	
If to RCI:

	
RCI Entertainment (3315 North Freeway FW), Inc.

Attn: Eric Langan

10959 Cutten Road

Houston, Texas 77066

	
  

	
With a copy to:

	
Robert D. Axelrod

Axelrod, Smith & Kirshbaum

5300 Memorial Drive, Suite 700

Houston, Texas 77007

	
  

	
If to Noryian:

	
James Noryian

40 N. IH 35#PB 1

Austin Texas, 78701

	
  

	
With a copy to:

	
David G. Slater

Slater Kennon & Jameson, LLP

4807 Spicewood Springs Road

Building 2, Suite 240

Austin, Texas 78759

	
  

	
(b)

	
Law Governing Non-Competition Agreement and Venue.  This Non-Competition Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to principles of conflict of laws.  In any action between or among any of the parties, whether arising out of this Non-Competition Agreement or otherwise, each of the parties irrevocably consents to the exclusive jurisdiction and venue of the federal and state courts located in Harris County, Texas.

	
  

	
(c)

	
Contract Terms to be Exclusive.  This Non-Competition Agreement contains the sole and entire agreement between the parties and shall supersede any and all other agreements between the parties with respect to Noryian’s agreement not to compete with the Rick’s Parties.

	
  

	
(d)

	
Waiver or Modification Ineffective Unless in Writing.  It is further agreed that no waiver or modification of this Non-Competition Agreement or of any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by each of the parties hereto and that no evidence of any waiver or modification shall be offered or received in evidence in any proceeding or litigation between the parties hereto arising out of or affecting this Non-Competition Agreement, or the rights or obligations of any party hereunder, unless such waiver or modification is in writing, duly executed by each of the parties hereto.

  

Non-Competition Agreement - Page 4 of 7

  

	
  

	
(e)

	
Assignment.  The rights and benefits of the Rick’s Parties under this Non-Competition Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Rick’s Parties.  The rights of Noryian hereunder are personal and nontransferable except that the rights and benefits hereof shall inure to the benefit of the heirs, executors and legal representatives of Noryian.

	
  

	
(f)

	
Binding Effect.  Except as otherwise provided herein, this Non-Competition Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

	
  

	
(g)

	
Execution.  This Non-Competition Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

  

Non-Competition Agreement - Page 5 of 7

  

IN WITNESS WHEREOF, this Non-Competition Agreement has been executed as of the  1st day of June, 2010.

	  	
RCI ENTERTAINMENT (3315 NORTH FREEWAY FW), INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Eric Langan
	  	
Eric Langan, President

	  	  	  
	  	  	  
	  	/s/ James Noryian
	  	
JAMES NORYIAN, Individually

  

Non-Competition Agreement - Page 6 of 7

  

EXHIBIT C

Panther City

719 North Main Street

Fort Worth, Texas 76164

Texas Cabaret

1300 NE Loop 820

Fort Worth, Texas 76106

 

 

Non-Competition Agreement - Page 7 of 7Exhibit
10.1

     

    VOTING
AGREEMENT

     

    THIS VOTING AGREEMENT (this
“Agreement”) is
made as of June 1, 2010, by and among Sonic Solutions, a California corporation
(“Parent”),
DivX, Inc., a Delaware corporation (“Company”), and the
undersigned Stockholder (“Stockholder”) of
Company.

     

    RECITALS

     

    WHEREAS, concurrently with the
execution of this Agreement, Parent, Siracusa Merger Corporation, a Delaware
corporation and a wholly owned subsidiary of Parent (“Merger Sub I”),
Siracusa Merger LLC, a Delaware limited liability company and a wholly owned
subsidiary of Parent (“Merger Sub II” and
together with Merger Sub I, the “Merger Subs”), and
Company are entering into an Agreement and Plan of Merger (as the same may be
amended from time to time, the “Merger Agreement”),
pursuant to which, among other matters,  Merger Sub I will merge with
and into Company and Company will merger into Merger Sub II (the “Merger”);

     

    WHEREAS, Stockholder is the
beneficial owner of, or otherwise has the power to vote or direct the vote of,
the Shares set forth on the signature page to this Agreement; and

     

    WHEREAS, as a condition to the
willingness of Parent to enter into the Merger Agreement, and as a material
inducement and in consideration therefor, Stockholder has agreed to enter into
this Agreement.

     

    NOW, THEREFORE, in
consideration of the foregoing and the representations, warranties, covenants
and promises contained herein, and for other good and valuable consideration,
the parties hereto agree as follows:

     

    ARTICLE
I

    DEFINITIONS

     

    1.1           Capitalized
Terms.  Capitalized terms used and not defined herein shall
have the respective meanings ascribed to them in the Merger
Agreement.

     

    1.2           Other
Definitions.  The following terms shall have the following
respective meanings:

     

    (a)           “Adverse Proposal”
means:  (i) any Acquisition Proposal; (ii) any action,
proposal or transaction that would reasonably be expected to result in a breach
of any covenant, agreement, representation or warranty or any other obligation
of Company set forth in the Merger Agreement or of Stockholder contained in this
Agreement; or (iii) any other action, proposal or transaction that is
intended, or could reasonably be expected, to impede, interfere with, delay,
postpone, or adversely affect the Merger and the other transactions contemplated
by this Agreement and the Merger Agreement.

     

    (b)           “beneficial ownership”
shall have the meaning reflected in Rule 13d-3 promulgated under the
Securities Exchange Act of 1934, as amended.

    
      
         

      

      
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    (c)           “Constructive Sale”
means with respect to any security, a short sale with respect to such
security, entering into or acquiring an offsetting derivative
contract with respect to such security, entering into or acquiring a
futures or forward contract to deliver such security or entering into any other
hedging or other derivative transaction that has the effect of either directly
or indirectly materially changing the economic benefits and risks of
ownership.

     

    (d)           “Permitted Transfer”
means a Transfer of Shares by Stockholder: (a) if Stockholder is an individual:
(i) made pursuant to, and in compliance with, a written plan that meets the
requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as
amended, established prior to the date hereof; (ii) to any member of Stockholder’s immediate
family; or to a trust for the benefit of Stockholder or any member of
Stockholder’s immediate family; or (iii) upon the death of Stockholder; or (b)
if Stockholder is a partnership or limited liability company, to one or more
partners or members of Stockholder or to an affiliated corporation under common
control with Stockholder; provided, however, that other
than in the case of a Permitted Transfer effected pursuant to subsection (a)(i)
above, a Permitted Transfer shall be permitted only if, as a precondition to
such Permitted Transfer, the transferee agrees in a writing, reasonably
satisfactory in form and substance to Parent, to be bound by all of the terms of
this Agreement.

     

    (e)           “Shares” means
(i) all shares of Company capital stock that, as of the date of this
Agreement, are owned beneficially or of record by such Stockholder or for which
such Stockholder otherwise has the right to vote or direct the vote, and
(ii) all other shares of Company capital stock of which such Stockholder
acquires beneficial or record ownership or the right to vote or direct the vote prior to
termination of the Voting Period; provided that Shares held by an Affiliate of
Stockholder for which Stockholder disclaims beneficial ownership shall not
constitute Shares for purposes of this Agreement.

     

    (f)           “Transfer” means with
respect to any security, the direct or indirect, sale, assignment, transfer,
tender, pledge, hypothecation, or the grant, creation or sufferance of any lien
or encumbrance in or upon, or the gift, placement in trust, or the Constructive
Sale or other disposition of such security (including transfers by testamentary
or intestate succession or otherwise by operation of law) or any right, title or
interest therein (including, but not limited to, any right or power to vote to
which the holder thereof may be entitled, whether such right or power is granted
by proxy or otherwise), or the record of beneficial ownership thereof, the offer
to make such a sale, transfer, Constructive Sale or other disposition, and each
agreement, arrangement or understanding, whether or not in writing, to effect
any of the foregoing.

     

    (g)           “Voting Period” means
the period from and including the date of this Agreement through and including
the date of the earlier to occur of (i) the Effective Time of the First
Merger,  (ii) the date on which the Merger Agreement is terminated by
Parent pursuant to Section 7.1 thereof, and (iv) such date and time as any
amendment or change to the Merger Agreement is effected without Stockholder’s
consent that decreases the Exchange Ratio or the Merger Cash Consideration below
the values set forth in the Merger Agreement as of the date
hereof.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    ARTICLE
II

    VOTING
AGREEMENT AND PROXY

     

    2.1           Agreement to Retain
Shares.  Prior to the termination of the Voting Period,
Stockholder shall not, and shall not permit any Person to, directly or
indirectly, other than in the case of a Permitted Transfer:

     

    (a)           Transfer
any Shares or discuss, negotiate, make an offer or enter into an agreement,
commitment or other arrangement, whether or not in writing, with respect to any
Transfer of the Shares; provided, that nothing in
this Agreement shall be deemed to restrict the ability of Stockholder to
exercise any Company Options or Company Restricted Stock Units during the Voting
Period;

     

    (b)           deposit
any Shares into a voting trust, grant a proxy that is inconsistent with this
Agreement or enter into an agreement of any kind with respect to the voting of
any Shares; or

     

    (c)           take
any other action that could restrict or otherwise adversely affect Stockholder’s
legal power, authority and right to comply with its obligations under this
Agreement.

     

    2.2           Agreement to Vote
Shares.  During the Voting Period, at every meeting of the
stockholders of Company called with respect to any of the following, and at
every postponement or adjournment thereof, and on every action or approval by
written consent or resolution of the stockholders of Company with respect to any
of the following, Stockholder shall vote or cause to be voted (including by
written consent, if applicable), to the extent not voted by the Person(s)
appointed under the proxy granted pursuant to Section 2.5, all Shares
outstanding as of the applicable record date:

     

    (a)           in
favor of (i) approval and adoption of the Merger and the Merger Agreement
and (ii) any other transactions contemplated by the Merger Agreement or
other matters that could reasonably be expected to facilitate the Merger;
and

     

    (b)           against
the adoption of any Adverse Proposal.

     

    Stockholder
may vote the Shares on all other matters not referred in this Agreement, and the
attorneys and proxies named herein may not exercise the proxy rights described
in Section 2.5 with respect to such other matters.

     

    2.3           Manner of
Voting.  Stockholder shall cast its votes or execute consents
required to be cast or executed pursuant to this Agreement in accordance with
the applicable procedures relating thereto so as to ensure that such votes or
consents are duly counted for purposes of determining that a quorum is present
(if applicable) and for purposes of recording the results of such votes or
consents.  Upon request of Parent, Stockholder shall promptly (and in
any event at least five (5) Business Days prior to any applicable stockholder
meeting) provide evidence of its compliance with the provisions of
Section 2.2 and this Section 2.3.

     

    2.4           Capacity as
Stockholder.  No person executing this Agreement who is or
becomes an officer or director of Company makes any agreement or understanding
herein in his or her capacity as such officer or
director.  Stockholder signs solely in its capacity as the beneficial
owner of its Shares.  Nothing herein shall limit or affect any actions
taken by Stockholder or any officer, director, employee or representative of
Stockholder in his or her capacity as an officer or director of
Company.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    2.5           Grant of Irrevocable
Proxy.

     

    (a)           Stockholder
hereby irrevocably appoints Parent and any designee of Parent, and each of them
individually, as Stockholder’s proxy and attorney-in-fact, with full power of
substitution and resubstitution, to vote or execute consents during the Voting
Period, with respect to the Shares, in accordance with
Section 2.2.  This proxy is given to secure the performance of
the duties of Stockholder under this Agreement.  Stockholder shall
promptly cause a copy of this Agreement to be deposited with Company at its
principal place of business.  Stockholder shall take any further
action and execute any other instruments as may be necessary to effectuate the
intent of this proxy.

     

    (b)           The
proxy and power of attorney granted pursuant to this Section 2.5 shall be
irrevocable during the Voting Period to the fullest extent permitted by
applicable law, shall be deemed to be coupled with an interest sufficient at law
to support an irrevocable proxy and shall revoke any and all prior proxies
granted by Stockholder.  Stockholder acknowledges that such proxy
constitutes an inducement for Parent to enter into the Merger
Agreement.  The power of attorney granted by Stockholder is a durable
power of attorney and shall survive the dissolution, bankruptcy, death or
incapacity of Stockholder.  The proxy and power of attorney granted
hereunder shall terminate only upon the termination of the Voting
Period.

     

    ARTICLE
III

    ADDITIONAL
COVENANTS

     

    3.1           No Solicitation. (a)
During the Voting Period Stockholder shall not take or authorize to be taken any
action that the Company is prohibited from taking or authorizing to be taken
pursuant to Section 5.3 of the Merger Agreement.

     

    (b)           Stockholder
shall promptly (and in any event within one business day) notify Parent of all
material terms of any inquiries or proposals received by Stockholder (in
Stockholder’s capacity as a stockholder of Company) or by any of its
Representatives relating to any Acquisition Proposal, and, if such inquiry or
proposal is in writing, Stockholder shall promptly deliver or cause to be
delivered to Parent a copy thereof.  Stockholder shall inform its
Representatives of the restrictions contained in this
Section 3.1.

     

    3.2           HSR Requirements.
Stockholder shall cooperate with Parent in connection with the making of the
filings required to be made by Parent under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 or any antitrust and competition laws of any other
applicable jurisdiction and any other applicable law.

     

    3.3           Appraisal
Rights.  Stockholder hereby waives any rights of appraisal or
rights to dissent from the Merger or the adoption of the Merger Agreement that
it may have under applicable law and shall not permit any such rights of
appraisal or rights of dissent to be exercised with respect to any
Shares.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    3.4           Legending of
Shares.  If so requested by Parent, Stockholder hereby agrees
that the Shares shall bear a legend stating that they are subject to this
Agreement and to an irrevocable proxy.

     

    3.5           Cooperation.  Stockholder
shall cooperate fully with Parent and Merger Subs and, without limitation of the
foregoing, shall execute and deliver such further documents, certificates,
agreements and instruments and take such further actions as may be reasonably
requested by Parent or Merger Subs to evidence or reflect the transactions
contemplated by this Agreement and carry out the intent of this
Agreement.  Stockholder shall not take, or cause to be taken, any
action inconsistent with or that interferes with the consummation of the Merger
and the transactions contemplated by the Merger Agreement.

     

    ARTICLE
IV

    REPRESENTATIONS,
WARRANTIES AND COVENANTS OF STOCKHOLDER

     

    Stockholder
hereby represents, warrants and covenants to Parent as follows:

     

    4.1           Ownership.  Stockholder
has good and marketable title to, and is the sole legal and beneficial owner of,
all the Shares set forth on the signature page
hereto, in each case free and clear of all liabilities, claims, liens,
options, proxies, charges, and encumbrances of any kind or character whatsoever,
including rights of first refusal or preemptive rights of any
kind.  Stockholder has sole voting power and sole power of disposition
with respect to all the Shares, with no restrictions on its voting rights or
rights of disposition pertaining thereto.  No proceedings are pending
which, if adversely determined, will have a material adverse effect on any
ability to vote or dispose of any of the Shares.  No other Person has
a beneficial interest in or a right to acquire all or any portion of the
Shares.  The Shares set forth on the signature page
hereto constitute Stockholder’s entire direct and indirect interest in
the outstanding capital stock of Company.    Stockholder’s
principal residence or place of business is set forth on Stockholder’s signature
page hereto.

     

    4.2           Authorization.  Stockholder
has all requisite capacity, power and authority to execute and deliver this
Agreement and to perform its obligations hereunder.  Stockholder has
duly executed and delivered this Agreement and this Agreement constitutes the
legal, valid and binding agreements of Stockholder, enforceable against
Stockholder in accordance with its terms, subject to: (a) laws of general
application relating to bankruptcy, insolvency and the relief of debtors; and
(b) rules of law governing specific performance, injunctive relief and other
equitable remedies.

     

    4.3           No
Violation.  None of the execution, delivery and performance of
this Agreement by Stockholder will (a) require Stockholder to file or
register with, or obtain any material permit, authorization, consent or approval
of, any governmental agency, authority, administrative or regulatory body, court
or other tribunal, foreign or domestic, or any other entity; (b) violate,
or cause a breach of or default (or an event which with notice or the lapse of
time or both would become a default) under, any contract, agreement or
understanding, any statute or law, or any judgment, decree, order, regulation or
rule of any governmental agency, authority, administrative or regulatory body,
court or other tribunal, foreign or domestic, or any other entity or any
arbitration award binding upon Stockholder; or (c) cause the acceleration
of any obligation under or give to others any right of termination, amendment,
acceleration or cancellation of, or result in the creation of a lien or other
encumbrances on any property or asset of Stockholder pursuant to any provision
of any indenture, mortgage, lien, lease, agreement, contract, instrument, order,
judgment, ordinance, regulation or decree to which Stockholder is subject or by
which Stockholder or any of the Shares are bound.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    4.4           Acknowledgement.  Stockholder
acknowledges and agrees that neither Parent nor Parent’s successors, assigns,
subsidiaries, divisions, employees, officers, directors, Stockholder, agents and
Affiliates shall owe any duty, whether in law or otherwise, or incur any
liability of any kind whatsoever, including without limitation with respect to
any and all claims, losses, demands, causes of action, costs, expenses
(including reasonable attorney’s fees) and compensation of any kind or nature
whatsoever, to Stockholder in connection with or as a result of any voting (or
failure to vote) by Parent of the Shares at any annual, special or other meeting
or action or the execution of any consent of the Stockholder of
Company.  The parties acknowledge that, pursuant to the authority
hereby granted, Parent may vote the Shares in furtherance of its own interests,
and Parent is not acting as a fiduciary for Stockholder.

     

    4.5           Compliance.  Stockholder
will comply with the Securities Act of 1933 and the rules and regulations
thereunder, as now in effect and as from time to time amended, including those
hereafter enacted or promulgated, in connection with any Transfer of all or any
portion of the Shares.

     

    4.6           Consent and
Waiver.  Stockholder hereby gives any consents or waivers that
are reasonably required for the consummation of the Merger under the terms of
any agreement to which Stockholder is a party or pursuant to any rights
Stockholder may have.

     

    4.7           Reliance by
Parent.  Stockholder acknowledges that Parent is entering into
the Merger Agreement in reliance upon the execution and delivery of this
Agreement by Stockholder.

     

    ARTICLE
V

    TERMINATION

     

    5.1           Termination.  Unless
earlier terminated by the written consent of Parent (in its sole and absolute
discretion), this Agreement shall terminate on the expiration of the Voting
Period.  Upon the termination of this Agreement, neither Parent,
Company nor Stockholder shall have any rights or obligations hereunder and this
Agreement shall become null and void and have no effect; provided, that
termination of this Agreement shall not prevent any party from seeking any
remedies (at law or in equity) against any other party for that party’s breach
of any of the terms of this Agreement.

     

    5.2           Survival.  Notwithstanding
anything to the contrary contained in this Agreement, Article VI of this
Agreement shall survive the termination of this Agreement.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    ARTICLE
VI

    MISCELLANEOUS

     

    6.1           Publication.  Stockholder
hereby permits Parent, Merger Subs and/or Company to publish and disclose in
press releases, Schedule 13D filings and the Form S-4 Registration
Statement or Proxy Statement (including all documents and schedules filed with
the SEC) and any other disclosures or filings required by applicable law its
identity and ownership of shares of Company Common Stock, the nature of its
commitments, arrangements and understandings pursuant to this Agreement and/or
the text of this Agreement.

     

    6.2           Specific Performance;
Injunctive Relief.  The parties hereto acknowledge that Parent
and Merger Subs would 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 upon any such
violation, Parent shall have the right to enforce such covenants and agreements
by specific performance, injunctive relief or by any other means available to
Parent at law or in equity and Stockholder and Company hereby waive any and all
defenses which could exist in their favor in connection with such enforcement
and waive any requirement for the security or posting of any bond in connection
with such enforcement.

     

    6.3           Amendments and
Waivers.  No amendment, modification, or waiver in respect of
this Agreement shall be effective against any party unless it shall be in
writing signed by Parent, Company and Stockholder.  The waiver by any
party of a breach of any provision hereunder shall not operate or be construed
as a waiver of any prior or subsequent breach of the same or any other provision
hereunder.

     

    6.4           Successors and
Assigns.  The provisions of this Agreement shall be binding
upon the successors in interest, heirs and assigns to any of the
Shares.  Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective
successors and assigns any rights, remedies, obligations, or liabilities under
or by reason of this Agreement, except as expressly provided in this
Agreement.

     

    6.5           Governing Law; Consent to
Jurisdiction; Venue.

     

    (a)           This
Agreement is to be construed in accordance with and governed by the internal
laws of the State of Delaware without giving effect to any choice of law rule
that would cause the application of the laws of any jurisdiction other than the
internal laws of the State of Delaware to the rights and duties of the
parties.

     

    (b)           All
disputes and controversies arising out of or in connection with this Agreement
shall be resolved exclusively by Delaware Court of Chancery and any state
appellate court therefrom within the State of Delaware, and each party hereto
irrevocably and unconditionally consents to and submits to the exclusive
jurisdiction of said courts and agrees that venue shall lie exclusively with
such courts.

     

    6.6           WAIVER OF JURY
TRIAL.  EACH OF PARENT, STOCKHOLDER AND COMPANY HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    6.7           Mutual Drafting. Each party has
participated in the drafting of this Agreement, which each party acknowledges is
the result of extensive negotiations between the parties.  This
Agreement shall not be deemed to have been prepared or drafted by any one party
or another or any party’s attorneys.

     

    6.8           Titles and
Subtitles.  The titles and subtitles used in this Agreement are
used for convenience only and are not to be considered in construing or
interpreting this Agreement.

     

    6.9           Notices.  All
notices shall be delivered in accordance with Section 8.2 of the Merger
Agreement. Notices to Stockholder shall be delivered to the address set forth on
the signature page hereto unless otherwise designated in writing by Stockholder.

     

    6.10        Fees and
Expenses. Except as otherwise
expressly set forth in this Agreement, all costs and expenses incurred in
connection with this Agreement and the transactions contemplated hereby shall be
paid by the party incurring the cost or expense whether or not the Merger is
consummated.  If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement, the prevailing party shall be
entitled to reasonable attorneys’ fees, costs and necessary disbursements in
addition to any other relief to which such party may be entitled.

     

    6.11        Severability.  The
parties hereto agree that each provision of this Agreement shall be interpreted
in such a manner as to be effective and valid under applicable
law.  If any provision of this Agreement shall nevertheless be held to
be prohibited by or invalid under applicable law, (a) such provision shall
be effective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement, and (b) the parties shall, to the extent permissible by
applicable law, amend this Agreement, or enter into a voting trust agreement
under which the Shares shall be transferred to the voting trust created thereby,
so as to make effective and enforceable the intent of this
Agreement.

     

    6.12        Entire
Agreement.  This Agreement and the documents referred to herein
constitute the entire agreement among the parties with respect to the subject
matter hereof, supersede all other prior agreements and understandings, both
written and oral, among, between and by any of the parties with respect to the
subject matter hereof and no party shall be liable or bound to any other party
in any manner by any warranties, representations or covenants except as
specifically set forth herein or therein.

     

    6.13        Counterparts.  This
Agreement may be delivered by telefacsimile and executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

    

    [Signature
Page Follows]

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first above written.

     

    
      
        
          
            
              	
                      PARENT:

                    
	
                      ___________________________________

                    
	 
      
	
                      By:
      ________________________________

                    
	
                      Name:

                    
	
                      Title:

                    
	 
      
	
                      COMPANY

                    
	
                      ___________________________________

                    
	 
	
                      By:
      ________________________________

                    
	
                      Name:

                    
	
                      Title:

                    
	 
      
	
                      STOCKHOLDER:

                    
	
                      ___________________________________

                    
	 
      
	
                      Address:
      ____________________________

                    
	
                      ___________________________________

                    
	 
      
	
                      Number
      of Shares:
____________________

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