Document:

Stock Purchase Agreement 2

 Exhibit 10.2 
 STOCK PURCHASE AGREEMENT 
 THIS AGREEMENT is made and entered into in duplicate as of
June 20,2012 by and between Pioneer Bankshares, Inc., a Virginia corporation (the “Company”), and Sandbox, LLC (“Seller”). 
 WITNESSETH: 
 The Seller desires to sell, and the Company desires to purchase 400 shares of common
stock of the Company (the “Offered Shares”) representing the entire stock holding of Seller in the Company, for the consideration and on the terms set forth in this Agreement. 
 The parties, intending to be legally bound, agree as follows: 
 1. Purchase and Sale of Shares.

 The Company hereby agrees to purchase from the Seller and the Seller hereby agrees to sell to the Company, on the Closing Date (as defined
below), the Offered Shares free and clear of all Encumbrances (as defined below) for the Purchase Price. The “Purchase Price” shall be one seven thousand nine hundred and eighty dollars ($7,980.00) (based on a price of $19.95 per share).

 2. Closing; Delivery of and Payment for the Offered Shares. 
 Subject to the terms and conditions herein, the closing of the purchase and sale of the Offered Shares shall take place on July 20, 2012 (the “Closing Date”) at 2:00 p.m. Eastern Time at
the offices of Reed and Reed, a Professional Corporation, 16 S. Court Street, Luray, Virginia 22835 or such earlier or later date as may be agreed to by the parties, subject to the provisions of Section 6. Upon receipt of the Purchase Price in
the form of a cashier’s check drawn on Pioneer Bank, Seller shall deliver the Offered Shares to the Company in accordance with the terms of hereof free and clear of all encumbrances. 
 3. Representations and Warranties. 
 (a) The Seller represents and warrants to the Company that:

 (i) Such Seller is not, and will not become, a party to any agreement, arrangement or understanding with any person that could
result in the Company having any obligation or liability for any brokerage fees, commissions or other similar fees or expenses relating to the transaction contemplated by this Agreement; and 

(ii) This Agreement shall be the legal, valid and binding obligation of such Seller, enforceable in accordance with its terms. 

  
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 (b) The Company represents and warrants to the Seller that: 

(i) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the Commonwealth of Virginia;

 (ii) The execution and delivery of this Agreement have been duly and validly authorized, and all necessary action has been
taken to make this Agreement a legal, valid and binding obligation of the Company, enforceable in accordance with its terms; and 

(iii) The Purchase Price payable to the Seller shall be paid as set forth in this Agreement without any deductions or withholdings by any
person for brokerage fees, commissions, taxes or other similar fees or expenses relating to the transaction contemplated by this Agreement. 

4. Investigation. 
 Each party has conducted its
own investigation with respect to the Offered Shares, acknowledges that the other party may be in possession of material, nonpublic information regarding the Company, and agrees that the other party has no obligation to disclose such information to
such party, 
 5. Closing Conditions. 

(a) The obligation of the Company to purchase the Offered Shares on the Closing Date is subject to the satisfaction, on or prior to the Closing Date, of
the following conditions: 
 (i) The representations and warranties made by the Seller in Section (3)(a) of this Agreement
shall be true and correct in all material respects as of the Closing Date. 
 (ii) The Seller shall have good, valid and
marketable title to the Offered Shares, free and clear of any and all Encumbrances (“Encumbrance” shall mean any security interest, pledge, lien, charge, voting agreement, proxy, mortgage, option, adverse claim of ownership or use, or any
other encumbrance of any kind, character or description whatsoever), and shall delivery to the Company die certificates representing the Offered Shares along with the related stock powers duly endorsed by the Seller, so as to permit the Company to
transfer the stock, together with evidence satisfactory to Company’s legal counsel that all liens thereon, if any, have been satisfied. 
 (iii) The Seller shall have the sole right to dispose of or direct the disposition of the Offered Shares. 
 (b) The obligation of the Seller to sell the Offered Shares on the Closing Date is subject to the satisfaction, on or prior to the Closing Date, of the following conditions: The representations and
warranties made by the Company in Section (3)(b) of this Agreement shall be true and correct in all material respects as of the Closing Date. 

  
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 6. Termination. 
 The Company or the Seller may terminate this Agreement, by notice to the other, if the Closing has not occurred by July 31, 2012 other than by reason of a breach of this Agreement by the party
seeking to terminate. 
 7. Miscellaneous. 
 (a) This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia. 
 (b) This Agreement shall be binding upon the respective successors and assigns of the parties hereto. 
 (c) In the event that any provision of this Agreement is adjudicated invalid, illegal or unenforceable, such adjudication shall not affect the validity, legality or enforceability of any other provision,
and this Agreement shall be construed as though such invalid, illegal or unenforceable provision had never been contained herein. 
 (d) The
Seller and the Company agree that money damages are inadequate and that each will suffer irreparable harm with respect to a failure to abide by any covenant made under the terms of this Agreement or any requirement under this Agreement relating to
or affecting the sale of the Offered Shares, and that, accordingly, in addition to any money damages which might be awarded with reasonable certainty, each shall be entitled to demand specific performance or to seek injunctive relief whether with
regard to a breach or contemplated breach. All rights, remedies and benefits specified in this Agreement, including, but not limited to the rights, remedies and benefits contained in this Section 7(d) are not exclusive of any rights, remedies
or benefits which any party may otherwise have. 
 (e) This Agreement may be executed in multiple counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one and the same instrument. 
 (f) This Agreement constitutes the entire agreement
between the parties and no term or provision of this Agreement may be waived or modified unless in writing signed by the party against whom such waiver or modification is sought to be enforced. 

 

							
	WITNESS the following signatures:	 		 	
			
	PIONEER BANKSHARES, INC.	 		 	
				
	By:	 	 /s/ Thomas R. Rosazza
	 		 	Acceptance Date: 6/28/2012
				
		 	 Thomas Rosazza
	 		 	
				
		 	 President and Chief Executive Officer
	 		 	

  
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		 	SELLER
			
		 		 	SANDBOX, LLC
				
		 		 	By:	 	 /s/ Richard T. Spurzem, Manager

				
		 		 		 	 Richard T. Spurzem, as Manager

  
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 Exhibit 10.3 
 AGREEMENT 
 The parties hereto agree as follows: 

1. Stephen Williams (“Williams”) agrees to loan to Pioneer Bankshares, Inc. (“Pioneer”), the sum of Two Million US. Dollars
($2,000,000.00). This loan shall bear interest at the rate of 4% per year. Pioneer agrees to pay all accrued interest (thereon either monthly, quarterly or annually as Williams may choose. In addition, Pioneer shall pay $400,000.00 each year on
principal. The loan shall be paid in full in 5 years, and may not be prepaid without Williams consent. 
 2. This loan will be evidenced by a
promissory note in the principal amount of $2,000,000.00 payable to Williams or his Order, signed by Pioneer, in a form acceptable to Williams’s attorney. 
 3. Williams shall fund the loan when requested to do so by Pioneer but in no event later than July 31, 2012. Interest shall start to run at the time the loan is funded. 

4. Williams understands that this loan is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental or private entity.

  

							
	WITNESSETH the following signatures and seals:
				
	By:	 	 /s/ Stephen Williams
	 		 	6/29/2012
			
	Stephen Williams	 		 	
			
	Pioneer Bankshares, Inc.	 		 	
				
	By:	 	 /s/ Thomas R. Rosazza
	 		 	6/29/2012
			
	Thomas R. Rosazza, its PresidentPromissory Note made by Quest Software, Inc. in favor of Dell Inc.

 Exhibit 10.1 
 PROMISSORY NOTE 
  

			
	$13,300,000	  	 New York, New York
 July 2, 2012

 FOR VALUE RECEIVED, Quest Software, Inc., a Delaware corporation (“Borrower”), hereby
promises to pay to the order of Dell Inc., a Delaware corporation (“Lender”), the principal sum of thirteen million three hundred thousand ($13,300,000), in lawful money of the United States of America, immediately upon any
termination, for any reason, of the Agreement and Plan of Merger, dated as of June 30, 2012, among Lender, Diamond Merger Sub Inc. and Borrower (the “Merger Agreement”) in accordance with its terms (the “Repayment
Time”), together with accrued and unpaid interest thereon from the date hereof. 
 1. Interest Rate. The
outstanding principal amount of this Note, together with all accrued and unpaid interest thereon, shall bear interest at a rate per annum equal to two and one-half percent (2.50%). 

2. Interest Payments. Interest payments on the Note shall be payable on the Repayment Time, or earlier pursuant to Section 5
hereof. Interest shall be calculated on the basis of a year comprised of twelve (12) thirty (30) day months. Each payment on this Note shall be credited first to interest on past due interest, then to past due interest, then to accrued
interest and then to principal. 
 3. Method of Payment. All payments hereunder shall be made to Lender by such means as
Lender shall designate to Borrower in writing. If any payment of principal or interest on this Note is due on a day which is not a Business Day, such payment shall be due on the next succeeding Business Day, and such extension of time shall be taken
into account in calculating the amount of interest payable under this Note. “Business Day” means any day other than a Saturday, a Sunday or other day on which the Securities and Exchange Commission or banks in the City of New York are
authorized or required by law to be closed. 
 4. Prepayment. Borrower shall have the right to prepay the principal
amount hereof in full or in part, together with all accrued interest on the amount prepaid to the date of such prepayment, at any time without penalty. 
 5. Events of Default. 
 (a) Each of the following shall constitute an event
of default (“Event of Default”) hereunder: (i) Borrower’s failure to pay on the Repayment Time the entire principal balance and all accrued but unpaid interest on this Note; (ii) Borrower’s failure to observe or
perform any covenant or agreement contained in this Note; (iii) any proceeding shall be commenced or any petition shall be filed seeking relief with respect to Borrower under any bankruptcy, insolvency or similar law; (iv) a receiver,
trustee, custodian, sequestrator or similar official shall be appointed with respect to Borrower or any of its property; (v) the dissolution or termination of existence; or (vi) the acceleration of the maturity of any indebtedness having
an aggregate principal amount of at least $100,000 of Borrower to any other person. Borrower shall pay on demand all reasonable costs and expenses incurred by Lender in connection with the collection of any outstanding principal balance and interest
accrued hereunder, and in connection with the enforcement of any rights or remedies provided for pursuant to this Note, including 

  
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without limitation all attorneys’ fees and disbursements. If not paid on demand, all such costs and expenses automatically shall be added to the remaining principal balance hereunder as of
the date immediately following the date of such demand. 
 (b) Upon the occurrence of any Event of Default, Lender may declare
this Note and the principal of and accrued interest on this Note and all other charges owing to Lender to be, and the same shall forthwith become immediately due and payable, without notice, demand or presentment, all of which are hereby waived.
Upon the occurrence of an Event of Default under clauses (iii), (iv) or (v) of Section 5(a) above, the entire unpaid principal of and accrued interest on this Note shall automatically become immediately due and payable, without
declaration, notice, demand or presentment, and without the need for any action or election by Lender, all of which are hereby waived. Upon the occurrence of an Event of Default, Lender, may exercise all rights and remedies available to it at law.

 6. Recourse. Lender shall be entitled to recourse against Borrower for the payment of any principal of or interest on
the Note or for any claim based hereon (including costs of collection). 
 7. Costs of Collection. Borrower shall pay on
demand all reasonable costs and expenses incurred by Lender in connection with the collection of any outstanding principal balance and interest accrued hereunder, and in connection with the enforcement of any rights or remedies provided for pursuant
to this Note, including without limitation all attorneys’ fees and disbursements. If not paid on demand, all such costs and expenses automatically shall be added to the remaining principal balance hereunder as of the date immediately following
the date of such demand. 
 8. No Right of Setoff. The obligations of Borrower under this Note shall be unconditional and
not subject to any defense, including recoupment or setoff, whether against any claims that Borrower may have against Lender under the Merger Agreement or otherwise. 
 9. Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New York. 
 10. Notices. All notices, requests and other communications to any party hereunder shall be in writing and shall comply with the notice requirements set forth in Section 8.10 of the Merger
Agreement. 
 11. Waivers. Borrower hereby waives presentment, diligence, protest and demand, notice of protest, demand,
dishonor and nonpayment of this Note, and all other notices of any kind in connection with the delivery, acceptance, performance, default or enforcement of this Note. 
 12. Savings Clause. In the event any provisions hereof shall result, for any reason and at any time, in an effective rate of interest that exceeds the limit of the usury or any other law applicable
to interest on the indebtedness evidenced hereby, all sums in excess of those lawfully collectible as interest for the period in question shall be (a) applied, to the extent of such excess, against the unpaid principal amount evidenced hereby
with the same force and effect as though Borrower had agreed to accept such extra payment(s) as a prepayment or (b) if the indebtedness has been fully paid, refunded by Lender to Borrower to the extent of such excess. 

  
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 13. Transferability. Neither this Note nor any interest herein is transferable except
by operation of law. Any purported transfer of this Note or any interest therein shall be null and void. 
 14.
Successors. The provisions hereof shall be binding upon the legal representatives, successors and assigns of Lender and shall inure to the benefit of Borrower and its successors by operation of law. 

[Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, Borrower has executed this Note on the date first above written.

  

			
	 BORROWER:
  

QUEST SOFTWARE, INC.

		
	By:	 	 /s/ David Cramer

		 	Name: David Cramer
		 	Title: VP, General Counsel, Secretary

  
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