Document:

Amendment to STAC Security Agreement

 Exhibit 10.3 
 AMENDMENT TO STAC SECURITY AGREEMENT 
 THIS AGREEMENT (the “Agreement”) is dated as
of March 26, 2008, and is made by SendTec Acquisition Corp., a Delaware corporation (“Grantor”) and Christiana Corporate Services, Inc., a Delaware corporation, as Agent for the Holders (in such capacity, together with its successors
and assigns, if any, “Agent”). 
 RECITALS 
 Pursuant to the Securities Purchase Agreement (the “Purchase Agreement”) dated October 31, 2005, among Grantor and the other parties
thereto, and the Senior Secured Convertible Debentures (the “Debentures”) issued by STAC pursuant to the Purchase Agreement, the Holders (as defined in the Purchase Agreement) extended the loans evidenced by the Debentures (the
“Loans”) to Grantor. The Loans are secured pursuant to a STAC Security Agreement dated October 31, 2005 in favor of the Holders and Agent (the “Security Agreement”). 
 STAC, the Holders, and SendTec, Inc., a Delaware corporation (“SendTec”) have now entered into a Recapitalization Agreement dated the date
hereof (the “Recapitalization Agreement”) providing for the restructuring of the Loans and the issuance of amended and restated Debentures and residual Debentures (collectively, the “Replacement Debentures”). In consideration of
the Loans, the recapitalization pursuant to the Recapitalization Agreement, the Replacement Debentures, and in consideration of any other financial accommodations heretofore or hereafter extended by the Holders to STAC and SendTec, whether pursuant
to the Purchase Agreement, the Recapitalization Agreement or any other Transaction Documents, Grantor has agreed to the terms of this Agreement. 
 TERMS 
 NOW, THEREFORE, in consideration of the foregoing, Grantor hereby agrees with Agent as follows:

 1. Recitals. All of the above recitals are true and correct. 
 2. Definitions and Construction. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the
Recapitalization Agreement. 
 3. Ratification, Applicability of Security Agreement; No Novation. Grantor hereby ratifies, restates,
and confirms each of the provisions of the Security Agreement on and as of the date hereof. Grantor agrees that each of the Transaction Documents is an “Obligation” and a “Secured Obligation,” as defined in the Security
Agreement, that is secured by the Security Agreement. A default in any of the Transaction Documents shall be a default under the Security Agreement. A default under the Security Agreement shall be a default under the Transaction Documents. The
parties intend that this Agreement shall not constitute a novation. 
 4. Cooperation; Further Assurances. Grantor agrees to cooperate
with Agent so that the interests of Agent are protected and the intent of the Security Agreement can be effectuated. Grantor agrees to execute all documents and to provide whatever further assurances Agent may reasonably request or deem necessary to
effectuate the terms of this Agreement. 

 IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the day and year first above
written. 
  

			
	 GRANTOR:

	
	 SENDTEC ACQUISITION CORP.,
 a Delaware
corporation

		
	By:	 	  

		 	Paul Soltoff, President

  

 2Voting Agreement

 Exhibit 10.4 
 VOTING AGREEMENT 
 VOTING AGREEMENT, dated as of March 26, 2008 (this
“Agreement”), between SendTec, Inc., a Delaware corporation (“SendTec”), the management stockholders of SendTec identified on the attached Exhibit A (“Management Stockholders”) and the debenture stockholders
of SendTec identified on the attached Exhibit B (“Debenture Stockholders”). The Management Stockholders and the Debenture Stockholders are sometimes hereafter collectively referred to as the “Stockholders.”

 Recitals 
 SendTec, SendTec Acquisition Corp., a Delaware corporation, RelationServe Access, Inc., a Delaware corporation, Friendsand, Inc., a Delaware corporation and the holders of the Original Debentures propose to enter into a Recapitalization
Agreement dated as of the date of this Agreement (as the same may be amended from time to time, the “Recapitalization Agreement”) in order to provide for the exchange of the Original Debentures into Series B Preferred Stock of SendTec,
subject to the terms and conditions set forth in the Recapitalization Agreement, and in order to provide for certain other agreements among such parties. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to
them in the Recapitalization Agreement. 
 As of the date of this Agreement, the Stockholders own beneficially or of record or have the power
to vote, or direct the vote of, the respective number of shares of (i) common stock, par value $0.001 per share, of SendTec (the “Common Stock”) and/or (ii) Series B Convertible Preferred Stock, par value $0.001 per share,
of SendTec (the “Preferred Stock”), as set forth opposite such respective Stockholder’s name on Exhibit A or Exhibit B, as applicable, to this Agreement (all such Common Stock and Preferred Stock and any shares
of Common Stock or Preferred Stock of which ownership of record or beneficially or the power to vote is hereafter acquired by a Stockholder prior to the termination of this Agreement being referred to in this Agreement as the “Shares”).

 As a condition of the Recapitalization Agreement, SendTec and the Stockholders have mutually agreed to enter into this Agreement.

 Terms 
 NOW, THEREFORE, in consideration of the premises and of the mutual agreements and covenants set forth in this Agreement and in the Recapitalization Agreement and for other good and valuable consideration, the receipt and
adequacy of which are acknowledged, and intending to be legally bound by this Agreement, the parties to this Agreement agree as follows: 

 ARTICLE I 
 VOTING OF SHARES 
 SECTION 1.01 
 (a) For a period commencing on the date of this Agreement and terminating on the Effective Date, each Management Stockholder, solely in
such Management Stockholder’s capacity as a stockholder of SendTec, agrees to vote (or cause to be voted) all of such Management Stockholder’s Shares at any meeting of the stockholders of SendTec or any adjournment thereof, and in any
action by written consent of the stockholders of SendTec, in favor of consummation of the transactions contemplated pursuant to the Special Meeting of the Stockholders of SendTec (“Special Meeting”) approving the Stockholder Matters.

 (b) For so long as (i) any Debentures, (ii) any Residual Debentures or (iii) at least twenty-five percent
(25%) of the aggregate Stated Value of the Preferred Shares are outstanding, and in any event for a period no less than three (3) years following the First Closing Date, each Management Stockholder and Debenture Stockholder, solely in such
Stockholder’s capacity as a stockholder of SendTec, agrees to vote (or cause to be voted) all of such Stockholder’s Shares at any meeting of the stockholders of SendTec or any adjournment thereof, and in any action by written consent of
the stockholders of SendTec, in favor of: (A) election of the persons identified on (or pursuant to the terms of) the attached Exhibit C, Column 1 (each a “Nominee”), or for such Nominee’s replacement as
determined pursuant to Section 1.01(c) below, to the Board of Directors of SendTec; and (B) to the extent a Debenture Stockholder is entitled to vote at the Special Meeting, approving the Stockholder Matters. 
 (c) Notwithstanding the terms of Section 1.01(b), the Stockholders shall not be obligated to vote in favor of any Nominee if Good
Cause (as defined below) exists regarding a Nominee. If Good Cause exists regarding a Nominee, the Stockholders agree to vote (or cause to be voted) all of such Stockholder’s Shares in favor of election of a Replacement Nominee (as defined
below) selected by the appropriate Stockholder identified on the attached Exhibit C, Column 2. 
 (d) The term
“Good Cause” means: 
 (i) the Nominee’s inability to perform his duties hereunder due to physical or
mental Disability (as defined below); 
 (ii) the Nominee’s indictment for, conviction of, or the entering of a plea of
nolo contender with respect to, a felony; 
 (iii) the Nominee’s abuse of illegal controlled substances; 
 (iv) the Nominee’s acts of moral turpitude or fraud, his embezzlement of funds or other assets of SendTec or his acceptance of a
bribe or kickback; 
  

 2 

 (v) the failure, refusal or neglect of the Nominee to render services to SendTec as a
member of the Board of Directors, or gross negligence of the Nominee in the performance of such duties, which is not cured within seven days after written notice of same to the Nominee identifying such failure, refusal or neglect of services in
question; or 
 (vi) failure of the Nominee to obey the reasonable and lawful orders and policies of the Board of Directors
that are consistent with the provisions of this Agreement, which is not cured within seven days after written notice of same to the Nominee identifying such failure. 
 (e) The term “Disability” means the Nominee’s inability to perform his duties for a period of 90 days or more,
consecutive or non-consecutive, in any twelve-month period, due to mental or physical disability or incapacity, as determined by a physician selected by SendTec and reasonably acceptable to the Nominee or to the Nominee’s legal representative,
such agreement as to acceptability not to be unreasonably withheld or delayed. Any refusal by the Nominee to submit to a medical examination for the purpose of determining the existence of a Disability shall constitute conclusive evidence of the
Nominee’s Disability. 
 (f) The term “Replacement Nominee” means a person nominated for election by the
appropriate Stockholders identified on the attached Exhibit C, Column 2 in replacement of a Nominee that is not eligible for election to the SendTec Board of Directors for Good Cause. 
 SECTION 1.02 Grant of Irrevocable Proxy. Concurrently with the execution of this Agreement, each Management Stockholder agrees to deliver to
SendTec a proxy with respect to such Stockholder’s Shares in substantially the form attached to this Agreement as Exhibit D and each Debenture Stockholder agrees to deliver to SendTec a proxy with respect to such Stockholder’s
Shares in substantially the form attached to this Agreement as Exhibit E (the “Proxy” or “Proxies” as applicable), which shall be coupled with an interest and are irrevocable to the fullest extent permissible by law.

 SECTION 1.03 Termination. This Agreement, the Proxies granted under this Agreement and the obligations of the Stockholders pursuant
to this Agreement shall terminate upon the date of the termination of the Recapitalization Agreement pursuant to Article V thereof; provided, however, that the termination of this Agreement shall not relieve any Stockholder from any
liability for any previous breach of this Agreement. 
 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES 
 OF THE STOCKHOLDERS 
 Each Stockholder represents and warrants to SendTec as follows: 
 SECTION 2.01 Authorization; Binding Agreement. The Stockholder has all legal right, power, authority and capacity to execute and deliver this Agreement and the Proxy, to perform 

  

 3 

 
its obligations under this Agreement and thereunder, and to consummate the transactions contemplated by this Agreement and thereby. This Agreement and the
Proxy have been duly and validly executed and delivered by or on behalf of the Stockholder and, assuming their due authorization, execution and delivery by or on behalf of SendTec, constitute a legal, valid and binding obligation of the Stockholder,
enforceable against the Stockholder in accordance with their terms, subject to: (i) the effect of any applicable bankruptcy, insolvency, moratorium or similar law affecting creditors’ rights generally; and (ii) rules of law governing
specific performance, injunctive relief and other equitable remedies. 
 SECTION 2.02 No Conflict; Required Filings and Consents.

 (a) The execution and delivery of this Agreement and the grant of the Proxy to SendTec by the Stockholder do not, and the
performance of this Agreement and the grant of the Proxy to SendTec by the Stockholder will not: (i) conflict with or violate any statute, law, rule, regulation, order, judgment or decree applicable to the Stockholder or by which the
Stockholder or any of the Stockholder’s properties or assets is bound or affected; (ii) result in or constitute (with or without notice or lapse of time or both) any breach of or default under, or give to another party any right of
termination, amendment, acceleration or cancellation of, or result in the creation of any lien or encumbrance or restriction on any of the property or assets of the Stockholder pursuant to, any note, bond, mortgage, indenture, contract, agreement,
lease, license, permit, franchise or other instrument or obligation to which the Stockholder is a party or by which the Stockholder or any of the Stockholder’s properties or assets is bound or affected. There is no beneficiary or holder of a
voting trust certificate or other interest of any trust of which the Stockholder is a trustee whose consent is required for the execution and delivery of this Agreement or the consummation by the Stockholder of the transactions contemplated by this
Agreement. 
 (b) The execution and delivery of this Agreement and the grant of the Proxy to SendTec by the Stockholder do
not, and the performance of this Agreement and the grant of the Proxy to SendTec by the Stockholder will not, require any consent, approval, authorization or permit of, or filing with or notification to, any third party or any governmental or
regulatory authority, domestic or foreign, except where the failure to obtain such consents, approvals, authorizations or permits, or to make such filings or notifications, could not prevent or materially delay the performance by the Stockholder of
the Stockholder’s obligations under this Agreement. The Stockholder does not have any understanding in effect with respect to the voting or transfer of any Shares, other than any right of repurchase granted to SendTec. 
 (c) If the Stockholder is a natural person and is married, and the Stockholder’s Shares constitute community property or otherwise
need spousal or other approval for this Agreement to be legal, valid and binding on the Stockholder, this Agreement has been duly authorized, executed and delivered by, and constitutes a valid and binding agreement of, the Stockholder’s spouse,
enforceable against such spouse in accordance with its terms. 
  

 4 

 SECTION 2.03 Title to Shares. As of the date of this Agreement, the Stockholder is the record or
beneficial owner of the Shares free and clear of all liens, encumbrances, claims, proxies or voting restrictions other than pursuant to this Agreement. The shares of Common Stock and Series B Preferred Stock, including the options, warrants or other
rights to acquire such stock, set forth on Exhibit A or Exhibit B (as applicable) to this Agreement, are all of the securities of SendTec owned, directly or indirectly, of record or beneficially by the Stockholder on the date of
this Agreement. 
 SECTION 2.04 Accuracy of Representations. The representations and warranties contained in this Agreement are
accurate in all respects as of the date of this Agreement, will be accurate in all respects at all times until termination of this Agreement and will be accurate in all respects as of the date of the consummation of the Recapitalization Agreement as
if made on that date. 
 ARTICLE III 
 FURTHER ASSURANCES 
 From time to time and without additional consideration, the parties hereto shall
execute and deliver, or cause to be executed and delivered, such additional transfers, assignments, endorsements, proxies, consents and other instruments, and shall take such further actions, as SendTec may reasonably request for the purpose of
carrying out and furthering the intent of this Agreement. 
 ARTICLE IV 
 GENERAL PROVISIONS 
 SECTION 4.01 Entire Agreement; Amendments. This
Agreement, the Recapitalization Agreement and the other agreements referred to in this Agreement and therein constitute the entire agreement of the parties and supersede all prior agreements and undertakings, both written and oral, between the
parties with respect to the subject matter of this Agreement. This Agreement may not be amended or modified except in an instrument in writing signed by, or on behalf of, the parties to this Agreement. In the event of any conflict between the
provisions of this Agreement and those of the Recapitalization Agreement, the provisions of the Recapitalization Agreement shall prevail. Nothing in this Agreement shall be construed to restrict any right a Stockholder may otherwise have to transfer
its Shares. 
 SECTION 4.02 Survival of Representations and Warranties. All representations and warranties made by the Stockholders in
this Agreement shall survive any termination of the Recapitalization Agreement and this Agreement in accordance with the terms of the Recapitalization Agreement and the Purchase Agreement referenced therein. 
 SECTION 4.03 Assignment. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and
their respective successors and permitted assigns; provided that any assignment, delegation or attempted transfer of any rights, interests or obligations under this Agreement by any Stockholder without the prior written consent of
SendTec shall be void. 
  

 5 

 SECTION 4.04 Notices. All notices and other communications given or made pursuant to this
Agreement shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient; if not, then on the
next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the following addresses (or at such other addresses as shall be specified by notice given in accordance with this
Section 4.06): 
 if to SendTec: 
 877 Executive Center Drive West, Suite 300 
 St. Petersburg, Florida 33702 
 Attention: Donald Gould, CFO 
 Facsimile
No.: 727-576-4864 
 with copies to: 
 Holland & Knight, LLP 
 100 North Tampa Street, Suite 4100 
 Tampa, Florida 33609 
 Attention: Robert J.
Grammig, Esq. 
 Facsimile: 813-229-0134 
 If to a Stockholder, to the address specified on Exhibit A or Exhibit B, as applicable 
 SECTION 4.05
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 SECTION 4.06 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this
Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any party. Upon such determination that
any term or other provision is invalid, illegal or incapable of being enforced, the parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the
fullest extent permitted by applicable law in an acceptable manner. 
 SECTION 4.07 Specific Performance. The parties agree that
irreparable damage would occur in the event that any of the provisions of this Agreement is not performed in accordance with its specific terms or is otherwise breached. The Stockholders agree that, in the event of any breach or threatened breach by
any Stockholder of any covenant or obligation contained in this 

  

 6 

 
Agreement, SendTec shall be entitled (in addition to any other remedy that may be available to it, including monetary damages) to seek and obtain (a) a
decree or order of specific performance to enforce against such Stockholder the observance and performance of such covenant or obligation, and (b) an injunction restraining such breach or threatened breach. The Stockholders further agree that
neither SendTec nor any other party shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 4.09, and the Stockholders irrevocably
waive any right he, she or it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 
 SECTION
4.08 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed in that state without regard to any conflicts of laws.

 SECTION 4.09 No Waiver. No failure or delay by any party in exercising any right, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. SendTec shall not be deemed to have waived any claim available to it
arising out of this Agreement, or any right, power or privilege under this Agreement, unless the waiver is expressly set forth in writing duly executed and delivered on behalf of SendTec. The rights and remedies in this Agreement provided shall be
cumulative and not exclusive of any rights or remedies provided by law. 
 SECTION 4.10 Counterparts. This Agreement may be executed
in two or more counterparts, and by the different parties to this Agreement in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

 [Signatures to Follow] 
  

 7 

 IN WITNESS WHEREOF, each of SendTec and the Stockholders have executed or has caused this
Agreement to be executed by their respective duly authorized officers as of the date first written above. 
  

			
	SENDTEC, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	MANAGEMENT STOCKHOLDERS:
	
	  

	Paul Soltoff
	
	  

	Eric Obeck
	
	  

	Donald Gould

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]