Document:

Exhibit 10.13

 

JOINDER AND FOURTH AMENDMENT TO CREDIT AGREEMENT

 

This Joinder and Fourth Amendment to Credit Agreement (this “Amendment”) is entered into as of the 1st day of April, 2011 (the “Amendment Effective Date”), by and among NGL ENERGY PARTNERS LP, a Delaware limited partnership (“Parent”), SILVERTHORNE OPERATING LLC, a Delaware limited liability company (“Silverthorne”), each subsidiary of Silverthorne listed as a “Borrower” on the signature pages hereto (together with Silverthorne, each a “Borrower”, and collectively, the “Borrowers”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as agent (the “Agent”) for the Lenders (defined below), and the Additional Revolving Lender (defined below).

 

RECITALS

 

WHEREAS, the Credit Parties, the Agent, and the financial institutions party thereto (the “Lenders”) have executed that certain Credit Agreement dated as of October 14, 2010 (as such may be amended, modified and supplemented from time to time, the “Credit Agreement”), and the Credit Parties; unless otherwise defined herein, all capitalized terms not defined herein have the meaning given such terms in the Credit Agreement;

 

WHEREAS, the Borrowers have requested an increase in the Total Acquisition Revolving Commitment pursuant to Section 2.4(c) of the Credit Agreement and have obtained an additional Commitment in the aggregate totaling $20,000,000 (the “Commitment Increase”) from PNC Bank, National Association (the “Additional Revolving Lender”);

 

WHEREAS, the Agent, the Swingline Lender, and each Issuing Bank have separately approved the joinder of the Additional Revolving Lender to the Credit Agreement as a new Revolving Lender as required by Section 2.4(c) of the Credit Agreement;

 

WHEREAS, the Credit Parties and the Additional Revolving Lender have requested the Agent agree to amend the Credit Agreement as set forth herein and in accordance with Section 2.4(d) of the Credit Agreement; and

 

WHEREAS, the Agent is willing to amend the Credit Agreement as set forth herein, subject to the terms and conditions contained herein.

 

NOW THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound hereby, the parties hereby agree as follows:

 

Section 1.               Joinder of Additional Revolving Lender.

 

1.1.          Joinder.  The Additional Revolving Lender hereby joins in, becomes a party to, and agrees to comply with and be bound by the terms and conditions of the Credit Agreement as a Revolving Lender thereunder and under each and every other Loan Document to which any Revolving Lender is required to be bound by the Credit Agreement, to the same extent as if the Additional Revolving Lender were an original signatory thereto.  The Additional Revolving Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to

 

 

exercise such powers and discretion under the Credit Agreement as are delegated to the Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto.  The Additional Revolving Lender represents and warrants that (a) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment, to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (b) it has received a copy of the Credit Agreement and copies of the most recent financial statements delivered pursuant to Section 6.3 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and to become a Revolving Lender on the basis of which it has made such analysis and decision independently and without reliance on the Agent or any other Revolving Lender, and (c) from and after the Amendment Effective Date, it shall be a party to and be bound by the provisions of the Credit Agreement and the other Loan Documents and have the rights and obligations of a Revolving Lender thereunder as if it had executed the Credit Agreement and the other Loan Documents.

 

1.2.          Reaffirmation of Obligations.  Each Credit Party hereby acknowledges, agrees and confirms that, by its execution of this Amendment it accepts the Additional Revolving Lender as a Revolving Lender for all purposes of the Credit Agreement and reaffirms its Obligations to the Lenders (including the Additional Revolving Lender) under the Credit Agreement and the other Loan Documents.

 

Section 2.               Amendments to Schedule 1.1A of the Credit Agreement.  In reliance upon the representations, warranties, covenants and conditions contained in this Amendment, Schedule 1.1A to the Credit Agreement is amended and restated in its entirety by Schedule 1.1A attached hereto.  After giving effect to this Amendment and any Loans made on the Amendment Effective Date, (a) each Lender who holds Loans in an aggregate amount less than its Commitment Percentage (after giving effect to this Amendment) of all Loans shall advance new Loans that shall be disbursed to the Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Commitment Percentage of all Loans, (b) each Lender’s participation in each Letter of Credit, if any, shall be automatically adjusted to equal its Commitment Percentage (after giving effect to this Amendment), and (c) such other adjustments shall be made as the Agent shall specify so that (i) each Lender’s Acquisition Revolving Exposure equals its Acquisition Revolving Commitment Percentage (after giving effect to this Amendment) of the aggregate Acquisition Revolving Loans of all Lenders, and (ii) each Lender’s Working Capital Revolving Exposure equals its Working Capital Revolving Commitment Percentage (after giving effect to this Amendment) of the aggregate Working Capital Revolving Loans of all Lenders.

 

Section 3.               Conditions Precedent to Amendment.  This Amendment will be effective as of the Amendment Effective Date, on the condition that the following conditions precedent will have been satisfied:

 

3.1.          Amendment.  The Agent will have received counterparts of this Amendment executed on behalf of the Credit Parties, the Agent, and the Additional Revolving Lender.

 

3.2.          Certificates.  The Borrowers shall have delivered to the Agent a certificate of each Credit Party (in sufficient copies for each Lender) signed by an authorized officer of such

 

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Credit Party (a) certifying and attaching the resolutions adopted by such Credit Party approving or consenting to the Commitment Increase, and (b) certifying that, before and after giving effect to the increase (i) the representations and warranties contained in Section 5 of the Credit Agreement and the other Loan Documents are true and correct, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (ii) no Default or Event of Default exists.

 

3.3.          Return of Existing Notes; Execution of New Notes.  Each Revolving Lender that has received a Note shall have returned such Note to the Agent for reissuance in order to reflect the reallocated Commitments and Revolving Loans.  The Borrowers shall have executed and delivered to the Agent new Notes in exchange for such surrendered Notes in amounts reflecting the reallocated Commitments and Revolving Loans.

 

3.4.          Fees.  The Borrowers shall have paid on or before the Amendment Effective Date all fees owed to the Additional Revolving Lender by the Borrowers under any commitment letters or fee letters entered into between the Borrowers or any of their Affiliates and the Additional Revolving Lender.

 

Section 4.               Representations, Warranties, and Covenants of the Credit Parties.  To induce the Agent and the Additional Revolving Lender to enter into this Amendment, each of the Credit Parties hereby represents, warrants, and covenants to the Agent and the Additional Revolving Lender as follows:

 

4.1.          Due Authorization; No Conflict.  The execution, delivery and performance by the Credit Parties of this Amendment are within each Credit Party’s limited liability company or partnership powers (as applicable), have been duly authorized by all necessary action, require no action by or in respect of, or filing with, any governmental body, agency or official and do not violate, conflict with, or constitute a default under any Legal Requirement, the Organizational Documents of any Credit Party, or any material contract binding upon any of the Credit Parties, or result in the creation or imposition of any Lien upon any of the assets of any of the Credit Parties.

 

4.2.          Validity and Enforceability.  This Amendment constitutes the valid and binding obligation of each of the Credit Parties enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally, and general equitable principles including remedies of specific performance and injunction.

 

4.3.          No Defenses.  None of the Credit Parties has any defenses to payment, counterclaims, or right of set-off with respect to any Obligations existing as of the Amendment Effective Date.

 

Section 5.               Miscellaneous.

 

5.1.          Reaffirmation of Loan Documents.  Any and all of the terms and provisions of the Credit Agreement and the Loan Documents will, except as amended and modified hereby, remain in full force and effect.  The amendments contemplated hereby shall not limit or impair

 

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any Liens securing the Obligations, each of which are hereby ratified and affirmed.  This Amendment constitutes a Loan Document.

 

5.2.          Parties in Interest.  All of the terms and provisions of this Amendment will bind and inure to the benefit of the parties to the Credit Agreement and their respective successors and assigns.

 

5.3.          Expenses.  As provided in Section 10.9 of the Credit Agreement, the Borrowers hereby agree to pay on demand all legal and other fees, costs and expenses incurred by the Agent in connection with the negotiation, preparation, and execution of this Amendment and all related documents.

 

5.4.          Counterparts.  This Amendment may be executed in counterparts, and all parties need not execute the same counterpart; however, no party shall be bound by this Amendment until the Credit Parties, the Agent and the Additional Revolving Lender have executed a counterpart.  Facsimiles or other electronic transmission (e.g., pdf) will be effective as originals.

 

5.5.          Complete Agreement.  THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

 

5.6.          Headings.  The headings, captions, and arrangements used in this Amendment are, unless specified otherwise, for convenience only and will not be deemed to limit, amplify, or modify the terms of this Amendment, nor affect the meaning thereof.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers on the date first written above.

 

 

	
BORROWERS:
    	
SILVERTHORNE   OPERATING LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NGL   SUPPLY, LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HICKSGAS,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NGL   SUPPLY RETAIL, LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    

 

 

[Signature Page]

JOINDER AND FOURTH AMENDMENT TO CREDIT AGREEMENT

SILVERTHORNE OPERATING LLC

 

 

	
 
    	
NGL   SUPPLY WHOLESALE, LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NGL   SUPPLY TERMINAL COMPANY, LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
PARENT/GUARANTOR:
    	
NGL   ENERGY PARTNERS LP, a Delaware limited partnership
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Craig S. Jones
    
	
 
    	
Name:   
    	
Craig   Jones
    
	
 
    	
Title:   
    	
Chief   Financial Officer
    

 

 

[Signature Page]

JOINDER AND FOURTH AMENDMENT TO CREDIT AGREEMENT

SILVERTHORNE OPERATING LLC

 

 

	
AGENT:
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David C. Brooks
    
	
 
    	
Name:
    	
David   C. Brooks
    
	
 
    	
Title:
    	
Director
    

 

 

[Signature Page]

JOINDER AND FOURTH AMENDMENT TO CREDIT AGREEMENT

SILVERTHORNE OPERATING LLC

 

 

	
ADDITIONAL   REVOLVING LENDER:
    	
PNC   BANK, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Christopher Hermann
    
	
 
    	
Name:
    	
Christopher   Hermann
    
	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Address   for Notices:
    
	
 
    	
 
    	
PNC Bank, National Association
    
	
 
    	
 
    	
One N. Franklin, 25th Floor
    
	
 
    	
 
    	
Chicago, IL 60606
    
	
 
    	
Attention:
    	
Christopher Hermann
    
	
 
    	
Facsimile:
    	
(312) 338-5313
    

 

 

[Signature Page]

JOINDER AND FOURTH AMENDMENT TO CREDIT AGREEMENT

SILVERTHORNE OPERATING LLC

 

 

SCHEDULE 1.1A

 

REVOLVING CREDIT COMMITMENTS

 

	
Lender
    	
 
    	
Acquisition
   Commitment
   Amount
    	
 
    	
Working
   Capital
   Commitment
   Amount
    	
 
    	
Total
   Commitment
   Amount
    	
 
    
	
Wells Fargo Bank, National Association
    	
 
    	
$
    	
22,500,000
    	
 
    	
$
    	
7,500,000
    	
 
    	
$
    	
30,000,000
    	
 
    
	
Harris N.A.
    	
 
    	
$
    	
22,500,000
    	
 
    	
$
    	
7,500,000
    	
 
    	
$
    	
30,000,000
    	
 
    
	
BNP Paribas
    	
 
    	
$
    	
22,500,000
    	
 
    	
$
    	
7,500,000
    	
 
    	
$
    	
30,000,000
    	
 
    
	
Royal Bank of Canada 
    	
 
    	
$
    	
22,500,000
    	
 
    	
$
    	
7,500,000
    	
 
    	
$
    	
30,000,000
    	
 
    
	
SunTrust Bank
    	
 
    	
$
    	
15,000,000
    	
 
    	
$
    	
5,000,000
    	
 
    	
$
    	
20,000,000
    	
 
    
	
Capital One, N.A.
    	
 
    	
$
    	
11,250,000
    	
 
    	
$
    	
3,750,000
    	
 
    	
$
    	
15,000,000
    	
 
    
	
BOKF, NA DBA Bank of Oklahoma
    	
 
    	
$
    	
11,250,000
    	
 
    	
$
    	
3,750,000
    	
 
    	
$
    	
15,000,000
    	
 
    
	
F&M Bank & Trust Company
    	
 
    	
$
    	
7,500,000
    	
 
    	
$
    	
2,500,000
    	
 
    	
$
    	
10,000,000
    	
 
    
	
PNC Bank, National Association
    	
 
    	
$
    	
15,000,000
    	
 
    	
$
    	
5,000,000
    	
 
    	
$
    	
20,000,000
    	
 
    
	
Total Commitments:
    	
 
    	
$
    	
150,000,000
    	
 
    	
$
    	
50,000,000
    	
 
    	
$
    	
200,000,000
    	
 
    

 

Schedule 1.1A-1voting.htm

EXECUTION COPY

 

VOTING AND SUPPORT AGREEMENT

 

VOTING AND SUPPORT AGREEMENT (the “Agreement”), dated as of April 27, 2011 between the Persons listed on Schedule A hereto (“Stockholders”), CoStar Group, Inc., a Delaware corporation (“Parent”) and LoopNet, Inc., a Delaware corporation (the “Company”).  All capitalized terms used but not defined herein shall have the meanings assigned to them in the Merger Agreement (defined below).

 

WHEREAS, in order to induce Parent and Lonestar Acquisition Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Subsidiary”), to enter into an Agreement and Plan of Merger with the Company, dated as of the date hereof (the “Merger Agreement”), pursuant to which, among other things, Merger Subsidiary will merge with and into the Company on the terms and subject to the conditions set forth in the Merger Agreement (the “Merger”), Parent has requested each Stockholder, and each Stockholder has agreed, to enter into this Agreement with respect to (i) the shares of common stock, $0.001 par value of the Company (the “Common Stock”) owned by such Stockholder as indicated on Schedule A and the shares of Series A Convertible Preferred Stock, par value $0.001 of the Company (the “Series A Preferred Stock” and any holder thereof, a “Series A Holder”) owned by such Stockholder as indicated on Schedule A (if any) (all such shares, with respect to each Stockholder, the “Shares”) and (ii) any other voting securities of the Company that such Stockholder acquires record and/or beneficial ownership of after the date hereof, including by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares, or upon exercise, conversion or settlement of any securities, including Common Stock issued upon conversion of the Series A Preferred Stock or upon exercise or settlement of stock options and restricted stock units granted pursuant to any Company equity plan, including without limitation, the Company’s 2006 Equity Incentive Plan and the Company’s 2001 Stock Option Plan (all such shares, with respect to each Stockholder, the “After-Acquired Shares” and together with the Shares, the “Covered Shares”);

 

WHEREAS, in order to induce Parent and Merger Subsidiary to enter into the Merger Agreement with the Company and to proceed with the transactions contemplated thereby, each Stockholder has agreed to provide a waiver and consent with respect to certain provisions of the Series A Certificate of Designation and to terminate, as of the Effective Time, that certain Investors’ Rights Agreement, dated as of April 14, 2009 (the “Investors’ Rights Agreement”) and that certain Securities Purchase Agreement dated as of March 29, 2009 among the Company and certain of the Stockholders (the “SPA”);

 

WHEREAS, each Stockholder acknowledges that Parent and Merger Subsidiary are entering into the Merger Agreement in reliance on the representations, warranties, covenants and other agreements of the Stockholders set forth in this Agreement and would not enter into the Merger Agreement if any Stockholder did not enter into this Agreement;

 

NOW, THEREFORE, in consideration of the promises, representations, warranties and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

  

  

  

 

ARTICLE 1

 

Grant of Proxy; Voting Agreement; Stockholder Waiver and Consent

 

Section 1.01 .  Voting Agreement.  Each Stockholder hereby irrevocably and unconditionally agrees that during the term of this Agreement, at the Company Stockholder Meeting and at any other meeting of the stockholders of the Company, however called, including any adjournment or postponement thereof, and in connection with any written consent of the stockholders of the Company, such Stockholder shall:

 

(a) appear at each such meeting or otherwise cause such Stockholder’s Covered Shares to be counted as present thereat for purposes of calculating a quorum; and

 

(b) vote (or cause to be voted), in person or by proxy, or deliver (or cause to be delivered) a written consent covering, all of such Stockholder’s Covered Shares (i) in favor of the adoption of the Merger Agreement and in favor of any related proposal in furtherance thereof; (ii) against any action or agreement that would reasonably be expected to result in a breach of any covenant, representation or warranty or any other obligation or agreement of the Company contained in the Merger Agreement or of such Stockholder contained in this Agreement; and (iii) against any Acquisition Proposal and against any other action, agreement or transaction that would reasonably be expected to impede, interfere with, delay, postpone, discourage, frustrate the purposes of or adversely affect, or be inconsistent with, the Merger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Stockholder of its obligations under this Agreement.  The obligations of such Stockholder specified in this Section 1.01(b) shall apply whether or not the adoption of the Merger Agreement or any action described above is recommended by the Board of Directors.

 

Section 1.02 .  Irrevocable Proxy.  Each Stockholder hereby revokes any and all previous proxies granted with respect to its Covered Shares.  By entering into this Agreement, each Stockholder hereby grants a proxy appointing Parent, and any designee of Parent, and each of them individually as the Stockholder’s attorney-in-fact and proxy, with full power of substitution and resubstitution, for and in such Stockholder’s name, to vote, express consent or dissent, or otherwise to exercise such voting power in each case solely with respect to the matters, and solely in the manner, set forth in Section 1.01 above.  The proxy granted by each Stockholder pursuant to this Article 1 is irrevocable and coupled with an interest sufficient in law to support an irrevocable proxy and may under no circumstances be revoked during the term of this Agreement.  Without limiting the generality of the foregoing, such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the General Corporation Law of the State of Delaware.  This proxy is given to secure the performance of the duties of each Stockholder under this Agreement.  Each Stockholder further agrees to execute such other instruments as may be necessary to effectuate the intent of this proxy.  For the avoidance of doubt, if for any reason the proxy granted herein is not irrevocable, each Stockholder agrees to vote the Covered Shares in accordance with Section 1.01 hereof.  Parent may terminate this proxy with respect to any Stockholder at any time at its sole discretion by written notice provided to the Stockholder.  Each Stockholder shall cause the record owner of any Covered Shares of the Stockholder of which such Stockholder is not the record owner to execute and deliver to Parent an irrevocable proxy that conforms to the foregoing provisions of this Section 1.02.

 

  

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Section 1.03   No Inconsistent Agreements.   Each Stockholder hereby covenants and agrees that, except for this Agreement, such Stockholder (a) has not entered into, and shall not enter into at any time while this Agreement remains in effect, any voting agreement or voting trust with respect to the Covered Shares, (b) has not granted, and shall not grant at any time while this Agreement remains in effect, a proxy (except pursuant to Section 1.02 hereof), consent or power of attorney with respect to the Covered Shares and (c) has not taken and shall not knowingly take any action that would make any representation or warranty of the Stockholder contained herein untrue or incorrect or have the effect of preventing, impeding or delaying such Stockholder from performing any of its obligations under this Agreement.

 

Section 1.04 .  Series A Holder Waiver and Consent; Conversion Notice.  (a) Each Stockholder that is or becomes a Series A Holder hereby:

 

(i) waives (A) such Stockholder’s rights under Section 4(c) and Section 6(c) of the Series A Certificate of Designation (and any obligations of a Third Party Acquiror (as defined in the Series A Certificate of Designation) or the Company, as the case may be, thereunder) and (B) any notice that such Stockholder may be entitled to with respect to the Merger or the Merger Agreement pursuant to the Series A Certificate of Designation, the SPA or the Investors’ Rights Agreement (including, without limitation, any notice under Section 6(c) and Section 10(a) of the Series A Certificate of Designation);

 

(ii) consents to the Merger and the transactions contemplated by the Merger Agreement for purposes of Section 8 of the Series A Certificate of Designation;

 

(iii) consents to the termination, effective as of (and contingent upon the occurrence of) the Effective Time, of the Investors’ Rights Agreement and the SPA (the waivers and consents set forth in clauses (i) – (iii) above, collectively, the “Written Waiver and Consent”); and

 

(iv) agrees, while this Agreement is in effect, not to revoke or otherwise withdraw or modify in any manner adverse to Parent, Merger Subsidiary or the Company such Written Waiver and Consent. 

 

  

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(b)           Not later than five Business Days following the date hereof, each Stockholder that is a Series A Holder shall deliver to the Company a Contingent Conversion Notice (as defined in the Series A Certificate of Designation) in the form attached hereto as Exhibit A to convert all of its Series A Preferred Stock to Common Stock in connection with the Merger, pursuant to Section 4(a)(ii) of the Series A Certificate of Designation.  Any Stockholder that becomes a Series A Holder after the date hereof (or that is a Series A Holder on the date hereof but acquires additional shares of Series A Preferred Stock after the date hereof) shall deliver to the Company a Contingent Conversion Notice with respect to the Series A Preferred Stock acquired by it by the earlier of (x) two Business Days after becoming a Series A Holder (or acquiring additional shares of Series A Preferred Stock not covered by a Contingent Conversion Notice previously delivered to the Company) and (y) one Business Day prior to the Effective Time.  Each Stockholder referred to in this Section 1.04(b) agrees not to, and hereby waives any right under said Section 4(a)(ii) of the Series A Certificate of Designation to, revoke any Contingent Conversion Notice so delivered.

 

 

ARTICLE 2

 

Representations and Warranties of Stockholders

 

Each Stockholder represents and warrants to Parent and the Company that:

 

Section 2.01 .  Stockholder Authorization.  Such Stockholder (if not an individual) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation and such Stockholder has full right, power and authority to enter into this Agreement, and this Agreement has been duly authorized, executed and delivered by such Stockholder and constitutes a valid and binding agreement of such Stockholder, enforceable against such Stockholder in accordance with its terms, and no other proceedings or actions on the part of such Stockholder are necessary to authorize the execution, delivery or performance of this Agreement or the transactions contemplated hereby.

 

Section 2.02 .  Governmental Authorization.  No consent, waiver, approval, order or authorization of, or registration, declaration or filing with, or notice to, any Governmental Authority, is required to be made or obtained by such Stockholder in connection with the execution and delivery of this Agreement by such Stockholder or the consummation by such Stockholder of the transactions contemplated hereby, except for filings required to be made under Sections 13(d) or 16 of the 1934 Act, and such filings, authorizations, consents and approvals that if not obtained or made would not have a material and adverse effect on the ability of such Stockholder to consummate the transactions contemplated by this Agreement.

 

Section 2.03 .  Non-Contravention.  The execution, delivery and performance by such Stockholder of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the organizational documents of such Stockholder (if not an individual), (ii) violate any law, rule, regulation, judgment, injunction, order, writ or decree of any Governmental Authority applicable to such Stockholder, (iii) require any consent or other action by any Person under, constitute a default (or an event which, with notice or lapse of time or both, would become a default) under, or give rise to any right of termination, cancellation or acceleration or to a loss of any benefit to which such Stockholder is entitled under any provision of any agreement or other instrument binding on such Stockholder, or (iv) result in the imposition of any Lien on any asset of such Stockholder, except for any of the foregoing as could not reasonably be expected, individually or in the aggregate, to impair such Stockholder’s ability to perform its obligations hereunder.

 

  

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Section 2.04 .  Ownership of Shares.  Such Stockholder is the record and beneficial owner of the Shares set forth opposite the name of such Stockholder on Schedule A as of the date hereof, free and clear of any lien, encumbrance or any other limitation or restriction (including any restriction on the right to vote or otherwise dispose of the Shares), in each case other than as arising under this Agreement.  None of the Shares is subject to any voting trust or other agreement or arrangement with respect to the voting of such Shares, in each case other than as arising under this Agreement.  Such Stockholder has not appointed or granted any proxy or power of attorney that is still in effect with respect to any Shares, in each case other than as arising under this Agreement.  Such Stockholder has sole voting power, sole power of disposition and sole power to demand appraisal rights with respect to the Shares set forth opposite the name of such Stockholder on Schedule A, in each case other than with respect to any limitations on such powers pursuant to this Agreement.

 

Section 2.05 .  Total Shares.  Except for the Shares set forth on Schedule A, such Stockholder does not beneficially own any (i) shares of capital stock or voting securities of the Company, (ii) securities of the Company convertible into or exchangeable for shares of capital stock or voting securities of the Company or (iii) options or other rights to acquire from the Company any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of the Company, other than stock options and restricted stock units granted to such Stockholder pursuant to the Company’s 2006 Equity Incentive Plan or the Company’s 2001 Stock Option Plan.

 

Section 2.06 .  Finder’s Fees.  No investment banker, broker, finder or other intermediary is entitled to a fee or commission from Parent or the Company in respect of this Agreement based upon any arrangement or agreement made by or on behalf of such Stockholder.

 

Section 2.07 .  Litigation.  As of the date hereof, there is no action, suit, investigation, complaint or other proceeding pending against any such Stockholder or, to the knowledge of such Stockholder, any other Person or, to the knowledge of such Stockholder, threatened against any Stockholder or any other Person that restricts or prohibits (or, if successful, would restrict or prohibit) the exercise by Parent of its rights under this Agreement or the performance by any party of its obligations under this Agreement.

 

Section 2.08 .  Reliance.  Such Stockholder understands and acknowledges that Parent and Merger Subsidiary are entering into the Merger Agreement in reliance upon such Stockholder's execution and delivery of this Agreement and the representations and warranties of such Stockholder contained herein.

 

Section 2.09 .  No Indemnification Claims.  Such Stockholder has not made any claim for indemnification that is continuing under Article VI of the SPA.

 

  

5

  

 

ARTICLE 3

 

Covenants of Stockholders

 

Each Stockholder hereby covenants and agrees that:

 

Section 3.01 .  No Proxies for or Disposition of Shares.  Except pursuant to the terms of this Agreement, such Stockholder shall not, without the prior written consent of Parent, directly or indirectly, (i) grant any proxies or powers of attorney or other authorization or consent in or with respect to, or enter into any voting trust or other agreement or arrangement with respect to, the voting of any Covered Shares, (ii) sell (constructively or otherwise), assign, transfer, encumber or otherwise dispose of (including, without limitation, by merger, by tendering into any tender or exchange offer, or otherwise), or enter into any contract, option or other arrangement or understanding with respect to the direct or indirect sale, assignment, transfer, encumbrance or other disposition of, any Covered Shares or beneficial ownership thereof or therein (each such action, a “Transfer”), other than a Transfer of shares of Common Stock issued in connection with the settlement of restricted stock units for the purpose of satisfying tax obligations upon the vesting thereof, consistent with the Company’s past practice, or (iii) take any action that would restrict or otherwise affect the Stockholder’s legal power, authority and right to comply with and perform its covenants and obligations under this Agreement.  Such Stockholder shall not seek or solicit any such Transfer and agrees to notify Parent and the Company promptly if such Stockholder shall be approached or solicited, directly or indirectly, by any Person with respect to any of the foregoing and provide the details of such approach or solicitation to the extent requested by Parent and the Company.  Any attempted Transfer of Covered Shares or any interest therein in violation of this Section 3.01 shall be null and void.  This Section 3.01 shall not prohibit a Transfer of the Covered Shares by a Stockholder (A) if such Stockholder is an individual, (i) to any member of such Stockholder’s immediate family, (ii) upon the death of such Stockholder, or (iii) of up to 55,000 shares of Common Stock by gift to a charitable trust or (B) if such Stockholder is a partnership or limited liability company, to one or more partners or members of such Stockholder or to an affiliated entity under common control with such Stockholder; provided, that a Transfer referred to clause (A)(i), (A)(ii) or (B) in this sentence shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to Parent, to by bound by all the terms of this Agreement.

 

Section 3.02 .  Other Offers. From and after the date hereof until the termination of this Agreement in accordance with its terms, such Stockholder, in his, her or its capacity as a stockholder of the Company, shall not, nor to the extent applicable to Stockholder, shall such Stockholder authorize any partner, officer, director, advisor or representative of, such Stockholder or any of his, her or its affiliates to (and, to the extent applicable to Stockholder, such Stockholder shall use reasonable best efforts to prohibit any of his, her or its representatives or affiliates to), (a) initiate, solicit, induce, explore, or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal, (b) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to any information or data relating to the Company or any of its Subsidiaries or otherwise cooperate in any way with, assist or facilitate any Third Party that is seeking

 

  

6

  

 

to make, or has made, an Acquisition Proposal, (c) enter into any agreement, including, without limitation, any agreement in principle, term sheet, letter of intent, memorandum of understanding or similar arrangement with respect to an Acquisition Proposal, (d) solicit proxies or become a “participant” in a “solicitation” (as such terms are defined in Regulation 14A under the 1934 Act) with respect to an Acquisition Proposal (other than the Merger Agreement) or otherwise encourage or assist any party in taking or planning any action that would reasonably be expected to compete with, restrain or otherwise serve to interfere with or inhibit the timely consummation of the Merger in accordance with the terms of the Merger Agreement, (e) initiate a shareholders’ vote or action by consent of the Company’s shareholders with respect to an Acquisition Proposal, or (f) except by reason of this Agreement (but without conceding the existence of a “group” (as such term is used in Section 13(d) of the 1934 Act) solely by virtue of this Agreement), become a member of a “group” with respect to any voting securities of the Company that takes any action in support of an Acquisition Proposal.

 

Section 3.03 .  Waiver of Appraisal Rights and Dissenters’ Rights and Actions. Such Stockholder agrees not to exercise any rights (including under Section 262 of the General Corporation Law of the State of Delaware) to demand appraisal of any Covered Shares or rights to dissent which may arise with respect to the Merger.  Such Stockholder further agrees not to commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against Parent, Merger Subsidiary, the Company or any of their respective successors relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Merger.

 

Section 3.04 .  Company Actions.  Such Stockholder understands and agrees that if such Stockholder attempts to transfer, vote or provide any other person with the authority to vote any of the Covered Shares other than in compliance with this Agreement, the Company shall not, and such Stockholder hereby unconditionally and irrevocably instructs the Company to not (and the Company agrees to not, and to instruct its transfer agent to not), (a) permit any such transfer on its books and records, (b) issue a new certificate representing any of the Covered Shares or (c) record any such vote, in each case unless and until such Stockholder shall have complied with the terms of this Agreement.  Such Stockholder agrees that the certificates representing the Covered Shares shall bear a legend stating that they are subject to this Agreement and instructs the Company to so legend the shares (which the Company shall do as promptly as practicable following the date of this Agreement).

 

Section 3.05   Communications.  Such Stockholder hereby (i) consents to and authorizes the publication and disclosure by Parent of such Stockholder’s identity and holding of Covered Shares, and the nature of such Stockholder’s commitments, arrangements and understandings under this Agreement, and any other information that Parent reasonably determines to be necessary in any SEC disclosure document in connection with the Merger or any other transactions contemplated by the Merger Agreement and (ii) agrees as promptly as practicable to notify Parent of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure document.

 

 

  

7

  

 

ARTICLE 4

 

Miscellaneous

 

Section 4.01 .  New Shares.  In the event that a Stockholder acquires record or beneficial ownership of, or the power to vote or direct the voting of, any shares of Common Stock, Series A Preferred Stock or other voting interests with respect to the Company, such shares or voting interests shall, without further action of the parties, be subject to the provisions of this Agreement, and the number of Shares held by such Stockholder set forth on Schedule A hereto will be deemed amended accordingly.  Each Stockholder shall promptly notify Parent and the Company of any such event.

 

Section 4.02 .  Other Definitional and Interpretative Provisions.  The words “hereof”, “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof.  References to Articles, Sections, Exhibits and Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified.  All Schedules and Exhibits annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein.  Any capitalized terms used in any Schedule or Exhibit but not otherwise defined therein, shall have the meaning as defined in this Agreement.  Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular.  Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import.  “Writing”, “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form.  References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms thereof.  References to any Person include the successors and permitted assigns of that Person.  References from or through any date mean, unless otherwise specified, from and including or through and including, respectively.

 

Section 4.03 .  Further Assurances.  Parent and each of the Stockholders will execute and deliver, or cause to be executed and delivered, all further documents and instruments and use its or their best efforts to take, or cause to be taken, all actions necessary, proper or advisable under applicable laws and regulations, to consummate and make effective the transactions contemplated by this Agreement.

 

Section 4.04 .   No Impairment of Rights. The covenants contained herein shall apply to each Stockholder solely in his or her capacity as a stockholder of the Company, and no covenant contained herein shall apply to a Stockholder in his or her capacity as a director or officer of the Company.  Nothing herein shall limit or restrict each Stockholder from voting in such Stockholder’s sole discretion on any matter other than the matters referred to in Sections 1.01 and 1.04 hereof.  For the avoidance of doubt, neither Parent nor Merger Subsidiary shall be deemed an Affiliate of any Stockholder or the Company by virtue of this Agreement.

 

  

8

  

 

Section 4.05 .  Amendments; Termination.  Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or in the case of a waiver, by the party against whom the waiver is to be effective; provided, that Schedule A shall be deemed amended automatically in accordance with Section 4.01.  This Agreement shall terminate upon the earlier of (i) the termination of the Merger Agreement in accordance with its terms and (ii) the Effective Time. Each Stockholder shall also have the right to terminate this Agreement by written notice to Parent as specified below if (but only if) the terms of the Merger Agreement are amended, modified or waived without the written consent of such Stockholder to change the form or amount of the consideration payable with respect to the Shares pursuant to the Merger Agreement in a manner adverse to such Stockholder (for the avoidance of doubt, an increase in the cash or stock consideration payable with respect to the Shares shall not be considered adverse to a Stockholder); provided that such Stockholder sends notice to Parent of such Stockholder’s election to terminate within five Business Days after the public announcement of such amendment. Notwithstanding the foregoing, (1) the provisions set forth in Article 4 (other than Section 4.01) shall survive the termination of this Agreement and (2) any liability incurred by any party hereto as a result of a willful and material breach of a term or condition of this Agreement prior to such termination shall survive the termination of this Agreement.

 

Section 4.06 .  Expenses.  All costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.

 

Section 4.07 .  Successors and Assigns.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that no party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto.

 

Section 4.08 .  No Waiver.  No failure or delay by any party hereto in exercising any right, power or privilege hereunder 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.  The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

 

Section 4.09 .  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such state.

 

Section 4.10   Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby (whether brought by any party or any of its Affiliates or against any party or any of its Affiliates) shall be brought in the Court of Chancery of the State of Delaware or, if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state court, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.  Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.  Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 4.16 shall be deemed effective service of process on such party.

 

  

9

  

 

Section 4.11 .  Waiver of Jury Trial.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 4.12 .  Counterparts; Effectiveness.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received counterparts hereof signed by all of the other parties hereto.  Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).

 

Section 4.13 .   Entire Agreement.  This Agreement and the Merger Agreement constitute the entire agreement between the parties with respect to the subject matter herein and therein and supersede all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter herein and therein.

 

Section 4.14   Severability.  If any term, provision or covenant of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 

Section 4.15 .  Specific Performance.  Each Stockholder acknowledges that it is a condition to the willingness of Parent to enter into the Merger Agreement that such Stockholder execute and deliver this Agreement.  The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement is not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof in addition to any other remedy to which they are entitled at law or in equity.  Each Stockholder hereby further waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under any law to post security as a prerequisite to obtaining equitable relief.

 

  

10

  

 

Section 4.16   Notices.  All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission) and shall be given,

 

if to Parent, to:

 

CoStar Group, Inc.

1331 L Street, N.W.

Washington, D.C. 20005

Attention: General Counsel

Facsimile No.: (202) 346-6703

 

with a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Ave.

New York, NY 10017

Attention: Robert Spatt

                   Sean Rodgers

Facsimile No.: (212) 455-2502

 

if to the Company, to:

 

LoopNet, Inc.

185 Berry Street, Suite 4000

San Francisco, CA 94107

Attention: Richard J. Boyle, Jr.

Facsimile No.: (415) 764-1622

 

with a copy to:

 

 

Davis Polk & Wardwell LLP

1600 El Camino Real

Menlo Park, CA 94025

Attention: William M. Kelly

Facsimile No.: (650) 752-2111

 

If to a Stockholder, to the address set forth opposite such Stockholder’s name on Schedule A hereto

 

or to such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other parties hereto.  All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a business day in the place of receipt.  Otherwise, any such notice, request or communication shall be deemed to have been received on the next succeeding business day in the place of receipt.

 

  

11

  

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

	
COSTAR GROUP, INC.

	
By:

	
/s/  Andrew Florance

	  	
Name:

	
Andrew Florance

	  	
Title:

	
CEO

 

[Signature Page to Voting Agreement]

 

 

  

  

  

 

 

	
LOOPNET, INC.

	
By:

	
/s/  Richard J. Boyle, Jr.

	  	
Name:

	
Richard J. Boyle, Jr.

	  	
Title:

	
Chief Executive Officer and Chairman of the Board of Directors

 

 

[Signature Page to Voting Agreement]

 

 

  

A-2

  

 

 

	
CALERA CAPITAL PARTNERS IV, L.P.

	
By:

	
/s/ Kevin Baker

	  	
Name:

	
Kevin Baker

	  	
Title:

	
Managing Director and General Counsel

	
CALERA CAPITAL PARTNERS IV SIDE-BY-SIDE, L.P.

	
By:

	
/s/ Kevin Baker

	  	
Name:

	
Kevin Baker

	  	
Title:

	
Managing Director and General Counsel

 

[Signature Page to Voting Agreement]

 

 

  

A-3

  

	
TRINITY VENTURES IX, L.P.

	
By:

	
/s/ Kathleen A. Murphy

	  	
Name:

	
Kathleen A. Murphy

	  	
Title:

	
Member of Trinity TVL IX, L.L.C., General Partner of Trinity Ventures IX, L.P.

	
TRINITY IX SIDE-BY-SIDE FUND, L.P.

	
By:

	
/s/ Kathleen A. Murphy

	  	
Name:

	
Kathleen A. Murphy

	  	
Title:

	
Member of Trinity TVL IX, L.L.C., General Partner of Trinity Side-by-Side Fund, L.P.

	
TRINITY IX ENTREPRENEURS FUND, L.P.

	
By:

	
/s/ Kathleen A. Murphy

	  	
Name:

	
Kathleen A. Murphy

	  	
Title:

	
Member of Trinity TVL IX, L.L.C., General Partner of Trinity IX Entrepreneurs Fund, L.P.

 

[Signature Page to Voting Agreement]

 

 

  

A-4

  

 

 

	
SAINTS RUSTIC CANYON, L.P.

By Saint Rustic Canyon, LLC, General Partner

	
By:

	
/s/ Thomas Unterman

	  	
Name:

	
Thomas Unterman

	  	
Title:

	
Managing Director

	
RUSTIC CANYON VENTURES III, L.P.

By Rustic Canyon Partners, LLC, General Partner

	
By:

	
/s/ Thomas Unterman

	  	
Name:

	
Thomas Unterman

	  	
Title:

	
Managing Director

 

[Signature Page to Voting Agreement]

 

 

  

A-5

  

	
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY (SBST)

	
By:

	
/s/  Kristal Dehnad

	  	
Name:

	
Kristal Dehnad

	  	
Title:

	
Associate Director, Charitable Trust Program

Stanford Management Company

 

[Signature Page to Voting Agreement]

 

  

A-6

  

	
RICHARD J. BOYLE, JR.

	
By:

	
/s/  Richard J. Boyle, Jr.

	  	  	  
	  	  	  

	
THOMAS P. BYRNE

	
By:

	
/s/  Thomas P. Byrne

	  	  	  
	  	  	  

	
BRENT STUMME

	
By:

	
/s/ Brent Stumme

	  	  	  
	  	  	  

	
JASON GREENMAN

	
By:

	
/s/ Jason Greenman

	  	  	  
	  	  	  

	
WAYNE WARTHEN

	
By:

	
/s/ Wayne Warthen

	  	  	  
	  	  	  

	
WILLIAM BYRNES

	
By:

	
/s/ William Byrnes

	  	  	  
	  	  	  

[Signature Page to Voting Agreement]

 

 

  

A-7

  

	
DENNIS CHOOKASZIAN

	
By:

	
/s/ Dennis Chookaszian

	  	  	  
	  	  	  

	
JAMES T. FARRELL

	
By:

	
/s/ James T. Farrell

	  	  	  
	  	  	  

	
NOEL FENTON

	
By:

	
/s/ Noel Fenton

	  	  	  
	  	  	  

	
SCOTT INGRAHAM

	
By:

	
/s/ Scott Ingraham

	  	  	  
	  	  	  

	
THOMAS E. UNTERMAN

	
By:

	
/s/ Thomas E. Unterman

	  	  	  
	  	  	  

 

[Signature Page to Voting Agreement]

 

 

 

  

A-8

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