Document:

Unassociated Document

    REGISTRATION RIGHTS
AGREEMENT

    

    This REGISTRATION RIGHTS AGREEMENT
(the “Agreement”) is made and entered into as of January 27, 2011 by and between
WES CONSULTING, INC., a
Florida corporation (the “Company”), and DMITRII SPETETCHII, an
individual resident of the Republic of Moldova (the “Investor”).

     

    WITNESSETH:

    

    WHEREAS, reference is made to
that certain Stock Purchase Agreement dated January 27, 2011, by and among the
Company, Web Merchants, Inc., a Delaware corporation (“Web Merchants”), Fyodor
Petrenko (“Petrenko”) and the Investor (the “Purchase Agreement”), pursuant to
which Petrenko and the Investor have agreed to sell all of their shares of
capital stock of Web Merchants to the Company in exchange for the payment of
cash and the issuance of shares of the common stock, par value $.01 per share,
of the Company to Petrenko and the Investor;

     

    WHEREAS, in connection with
the transactions contemplated by the Purchase Agreement, the Company has agreed
to provide to the Investor the registration rights set forth in this Agreement;
and

     

    WHEREAS, the Investor would
not consummate the transactions contemplated by the Purchase Agreement absent
the execution and delivery by the Company of this Agreement, which is an exhibit
to the Purchase Agreement; and

     

    WHEREAS, as soon as
practicable following the Closing (as such term is defined in the Purchase
Agreement), but in no event later than within ninety (90) days following the
Closing, the Company shall use its best efforts to file with the SEC a
registration statement, registering the resale of Common Stock, such
registration statement to include Two Million (2,000,000) shares of the Common
Stock to be received by Spetetchii, as provided in this Agreement.

     

    NOW, THEREFORE, in
consideration of the foregoing recitals and the mutual covenants contained in
this Agreement, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Investor, each
intending to be legally bound, hereby agree as follows:

     

    SECTION 1. REGISTRATION
RIGHTS.

    

    1.1           Certain
Definitions. As
used in this Agreement, in addition to the terms defined above, the following
terms shall have the following respective meanings:

    

    “Commission”
shall mean the Securities and Exchange Commission or any other federal agency at
the time administering the Securities Act.

    

    “Common
Stock” shall mean the Company’s common stock, par value $.01 per
share.

     

    
      
         

      

      
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    “Other
Stockholders” shall mean persons or entities other than the Investor who,
by virtue of agreements with the Company, are entitled to include their
securities in a registration effected pursuant to this Agreement.

    

    “Public
Offering” shall mean the effectiveness of the filing of a registration
statement under the Securities Act that covers the offer and sale of the Common
Stock by the Company to the public or by the Company or a placement agent on an
agency or best efforts basis to a selected number of investors.

    

    “register,” “registered” and “registration” refer to the effectiveness
of a registration statement prepared and filed in compliance with the Securities
Act.

    

    “Registrable
Securities” as of any particular
time shall mean all shares of Common Stock; provided, however, that
Registrable Securities shall not include any shares of Common Stock that have
previously been registered or that have been sold to the public, or that have
been sold in a private transaction by the Investor or any Other
Stockholders.

    

    “Registration
Expenses” shall mean all expenses
incurred by the Company in complying with Subsections 1.2 and 1.3 hereof,
including, without limitation, all registration and filing fees; printing
expenses; fees and disbursements of counsel for the Company; reasonable fees and
expenses of a single counsel for the Investor; state “blue sky” fees and
expenses; and accountants’ expenses, including, without limitation, any special
audits incident to or required by any such registration; but excluding Selling
Expenses, the compensation of regular employees of the Company, which shall be
paid in any event by the Company, and excluding also any additional
disbursements of counsel for the Investor or any Other Stockholders, which shall
be paid by the Investor or such Other Stockholders.

    

    “Securities
Act” shall
mean the federal Securities Act of 1933, as amended, or any similar federal
statute and the rules and regulations of the Commission thereunder, all as the
same shall be in effect at any particular time.

    

    “Securities
Exchange Act” shall mean the federal Securities Exchange Act of 1934, as
amended, or any similar federal statute and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at any particular
time.

    

    “Selling
Expenses” shall mean all
underwriting discounts and selling commissions applicable to the sale of
Registrable Securities and any other securities of the Company being sold in the
same registration as the Registrable Securities by the Investor or any Other
Stockholders.

     

    
      
        
        

      

      
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    1.2           Piggyback
Registration.
 

    (a)   
        If the Company registers any of
its securities in connection with a Public Offering on a form that would permit
the registration of the Registrable Securities, the Company shall (i) promptly
give to the Investor written notice of such registration (a “Piggyback
Registration”) (which shall include a list of the jurisdictions in which the
Company intends to attempt to qualify such securities under the applicable blue
sky or other state securities laws); (ii) use its best efforts to include in
such registration (and any related qualification under blue sky laws or other
compliance), and in any underwriting involved therein, if any, up to Two Million
(2,000,000) shares of the Registrable Securities owned and held by the Investor,
except as set forth in Subsection 1.2(b) hereof; and (iii) cause to be included
in such registration statement and use its best efforts to cause to be
registered under the Securities Act all the Registrable Securities referred to
in this Section 1.2(a) owned and held by the Investor. Notwithstanding the
foregoing, the Company shall have the right to withdraw or cease to prepare or
file any registration statement for any offering referred to in this Subsection
1.2(a) without any obligation or liability to the Investor.

    

    (b)           Subject
to Subsections 1.2(d) and 1.3 below, the Investor shall be entitled to have the
Registrable Securities referred to in Section 1.2(a) hereof included in an
unlimited number of Piggyback Registrations pursuant to this Subsection
1.2.

    

    (e)           If
the Company has previously filed a registration statement with respect to
Registrable Securities pursuant to
this Subsection 1.2 or pursuant to Subsection 1.3 hereof, and if such previous
registration has not been withdrawn or abandoned, the Company will not file or
cause to be effected any other registration of any of its equity securities or
securities convertible or exchangeable into or exercisable for its equity
securities under the Securities Act (except on Form S-8 or any successor form),
whether on its own behalf or at the request of any holder or holders of such
securities, until a period of one hundred eighty (180) days has elapsed from the
effective date of such a previous registration.

    

    (d)           If
the registration of which the Company gives notice is for a registered public
offering involving an underwriting, the Company shall so advise the Investor as
a part of the written notice given pursuant to Subsection 1.2(a)(i)
hereof.  In such event, the right of the Investor to registration
pursuant to Subsection 1.2(a) shall (i) be conditioned upon the Investor’s
participation in such underwriting and the inclusion of the Investor’s
Registrable Securities in the underwriting to the extent provided herein and
(ii) terminate as to the Investor upon the availability of Rule 144 (as
hereinafter defined) to the Investor and the Investor holding not more than two
percent (2%) of the outstanding Registrable Securities.  The Investor
(should he propose to distribute his securities through such underwriting) shall
(together with the Company and Other Stockholders distributing their securities
through such underwriting) enter into an underwriting agreement in customary
form with the underwriter or underwriters selected for underwriting by the
Company.  Notwithstanding any other provision of this Subsection 1.2,
if the underwriter reasonably determines that marketing factors require a
limitation on the number of shares to be underwritten, the securities of the
Company held by the Investor and the Other Stockholders shall be excluded from
such registration pro rata on the basis of the number of their shares to be
included in the registration, to the extent so required by such limitation. The
Company shall advise all holders of securities requesting registration as to the
number of shares or securities that may be included in the registration and
underwriting as allocated in the foregoing manner.  No such reduction
shall be made with respect to securities offered by the Company for its own
account.  If the Investor or any Other Stockholder disapproves of the
terms of any such underwriting, then such person may elect to withdraw therefrom
by written notice to the Company and the underwriter.  Any Registrable
Securities or other securities excluded or withdrawn from such underwriting
shall also be withdrawn from such registration.

     

    
      
        
        

      

      
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    1.3         Requested
Registration.

     

    (a)           If
the Company has not filed a registration statement with respect to any
Registrable Securities within ninety (90) days after the date hereof, then
subject to the conditions of Subsection 1.3(b) hereof and in lieu of the
registration rights granted to the Investor pursuant to Subsection 1.2 hereof,
the Investor may make one (1) demand (and one (1) demand only) on the Company to
register all of the Registrable Securities of such Investor (a “Demand
Registration”).

    

    (b)         
In the event the Company shall receive from the Investor a written request that
the Company effect a Demand Registration with respect to all of the Registrable
Securities held by the Investor, other than a registration pursuant to Rule 415
under Regulation C promulgated under the Securities Act, the Company
shall:

    

    (i)           promptly
give written notice of the proposed registration to all Other Stockholders;
and

    

    (ii)          as
soon as practicable, use its diligent best efforts to effect such registration
(including, without limitation, the execution of an undertaking to file
post-effective amendments, appropriate qualification under applicable “blue sky”
or other state securities laws, and appropriate compliance with applicable
regulations issued under the Securities Act) as may be so requested and as would
permit or facilitate the sale and distribution of such portion of such
Registrable Securities as is specified in such request, together with such
portion of the Registrable Securities of any Other Stockholder joining in such
request as is specified in a written request given after receipt of written
notice from the Company; provided, however, that the
Company shall not be obligated to take any action to effect any such
registration pursuant to this Subsection 1.3:

    

    (A)        
  in any particular jurisdiction in which the Company would be
required to execute a general consent to service of process in effecting such
registration, qualification or compliance unless the Company is already subject
to service in such jurisdiction and except as may be required by the Securities
Act;

    

    (B)           during
the period following a Public Offering that is contemplated by Subsection 1.10
hereof; or

    

    (C)           during
the period starting with the date that is sixty (60) days prior to the Company’s
good faith estimate of the date of filing of, and ending on a date one hundred
eighty (180) days after the effective date of, a Company-initiated underwritten
registration for an all-cash offer price, provided that the Company is actively
employing in good faith all reasonable efforts to cause such registration
statement to become effective.

    

    In the
event the Company is not obligated to effect any requested registration by
virtue of the foregoing clauses (A) through (C), such request shall not be
deemed to be a demand for registration for purposes of Subsection 1.3(a)
hereof.  Subject to the foregoing clauses (A) through (C), the Company
shall file a registration statement covering the Registrable Securities so
requested to be registered as soon as practicable after receipt of the request
of the Investor; provided, however,
that if the Company shall furnish to the Investor a certificate signed by the
Chairman of the Board of the Company stating that in the good-faith judgment of
the Board of Directors of the Company it would be detrimental to the Company and
its stockholders for such registration statement to be filed and it is therefore
essential to defer the filing of such registration statement, the Company shall
have the right to defer such filing (except as provided in clause (C) above) for
a period of not more than one hundred eighty (180) days after receipt of the
request of the Investor.

    
      
         

      

      
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    The
registration statement filed pursuant to the request of the Investor may,
subject to the provisions of Subsection 1.3(c) below, include securities offered
by the Company for its own account and/or other securities of the Company that
are held by Other Stockholders.

    

    (c)        
   If the Investor intends to distribute the Registrable
Securities covered by his request by means of an underwriting, he shall so
advise the Company as a part of his request made pursuant to
Subsection 1.3(a) hereof and the Company shall include such information in the
written notice referred to in Subsection 1.3(b)(i) hereof.  The right
of any Other Stockholder to registration shall be conditioned upon such Other
Stockholder’s participation in such underwriting and the inclusion of such Other
Stockholder’s Registrable Securities in the underwriting (unless otherwise
mutually agreed by the Investor and such Other Stockholder) to the extent
provided herein.

    

    If the
Company shall request inclusion in any registration pursuant to this Subsection
1.3 of securities being sold for its own account, or if Other Stockholders shall
request inclusion in any registration pursuant hereto, then, subject to the last
sentence of this Subsection 1.3(c) with respect to the Company’s request, the
Investor shall, on behalf of all Other Stockholders, offer to include such
securities in the underwriting and may condition such offer on their acceptance
of the further applicable provisions of this Section 1. The Company shall
(together with the Investor and the Other Stockholders proposing to distribute
their securities through such underwriting) enter into an underwriting agreement
in customary form and containing customary terms reasonably acceptable to the
Investor, with the representative of the underwriter or underwriters selected
for such underwriting by the Company and reasonably acceptable to the Investor;
provided, however, that if the
Company has not selected an underwriter reasonably acceptable to the Investor
within thirty (30) days after the Company’s receipt of the request for
registration from the Investor, then the Investor may select an underwriter
reasonably acceptable to the Company in connection with such registration.
Notwithstanding any other provision of this Subsection 1.3, if the underwriter
representative advises the Investor in writing that marketing factors require a
limitation of the number of shares to be underwritten, then the securities of
the Company held by Other Stockholders shall first be excluded from such
registration to the extent so required by such limitation. The Company shall
advise all holders of securities requesting registration as to the number of
shares of securities that may be included in the registration and underwriting
as allocated in the foregoing manner. If any Other Stockholder who has requested
inclusion in such registration as provided above disapproves of the terms of the
underwriting, then such person may elect to withdraw therefrom by written notice
to the Company, the underwriter and the Investor. The securities so withdrawn
shall also be withdrawn from registration. If the underwriter has not limited
the number of shares to be underwritten, then the Company may include its
securities for its own account in such registration if the underwriter so agrees
and if the number of Registrable Securities and other securities of the Other
Stockholders that would otherwise have been included in such registration and
underwriting will not be limited thereby.

    
    

    
      
         

      

      
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    1.4          Expenses
of Registration.  All Registration
Expenses incurred in connection with any registration, qualification or
compliance pursuant to this Agreement shall be borne by the Company; and all
Selling Expenses shall be borne by the Investor and the Other Stockholders of
the securities so registered pro rata on the basis of the number of their shares
so registered; provided, however, that the Company shall
not be required to pay any Registration Expenses if, as a result of the
withdrawal from registration by the Investor or Other Stockholders pursuant to
Subsection 1.2(d) or Subsection 1.3 hereof, the registration statement does not
become effective, in which case the withdrawing party shall bear such
Registration Expenses (except for the fees of any counsel for the Investor,
which shall be borne only by the Investor); provided further,
however, that
such registration shall not be counted as a registration pursuant to Subsection
1.3(a) hereof; and
provided further, however, that if any
jurisdiction in which the securities shall be qualified shall require that
expenses incurred in connection with the qualification of the securities in that
jurisdiction be borne by the selling stockholders, then such expenses shall be
payable by the selling stockholders pro rata to the extent required by such
jurisdiction.

    

    1.5          Registration
Procedures.  In the case of
each registration effected by the Company pursuant to this Agreement, the
Company shall keep the Investor advised in writing as to the initiation of each
registration and as to the completion thereof.  At its expense, the
Company shall use its best efforts to:

    

    (a)           keep
such registration effective for a period of one hundred twenty (120) days or
until the Investor has completed the distribution described in the registration
statement relating thereto, whichever first occurs; and

    

    (b)      
    furnish such number of prospectuses and other documents
incident thereto as the Investor from time to time may reasonably
request.

    

    1.6          Indemnification.

    

    (a)           The
Company shall indemnify the Investor, and shall also indemnify each underwriter,
if any, and each person who controls (as defined in Subsection 1.6(d) below) any
underwriter, against all claims, losses, damages and liabilities (or actions in
respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any prospectus, offering
circular or other document (including any related registration statement,
notification or the like) incident to any such registration, qualification or
compliance, or based on any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by the Company of any rule or
regulation promulgated under the Securities Act applicable to the Company and
relating to action or inaction required of the Company in connection with any
such registration, qualification or compliance, and shall reimburse the
Investor, each such underwriter, and each person who controls such underwriter,
for any legal and other expenses reasonably incurred in connection with
investigating or defending any such claim, loss, damage, liability or action;
provided, however, that the Company shall
not be liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based upon written information
furnished to the Company by the Investor or underwriter seeking to be
indemnified, where such information is stated to be specifically for use in such
prospectus, offering circular or related document. It is agreed that the
indemnity agreement contained in this Subsection 1.6(a) shall not apply to
amounts paid in settlement of any such claim, loss, damage, liability or action
if such settlement is effected without the consent of the Company (which consent
shall not be unreasonably withheld).

    
      
         

      

      
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    (b)      
     The Investor and each Other Stockholder shall, if
securities held by him or it are included among the securities as to which such
registration, qualification or compliance is being effected, indemnify the
Company, each of its directors and officers, each underwriter, if any, of the
Company’s securities covered by such a registration statement, each person who
controls (as defined in Subsection 1.6(d) below) the Company or such
underwriter, and each Other Stockholder and each of such controlling person’s
officers, directors and partners, and each person controlling such Other
Stockholder and each of such controlling person’s officers, directors and
partners, against all claims, losses, damages and liabilities (or actions in
respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any such registration
statement, prospectus, offering circular or other document, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, and shall reimburse
the Company and such Other Stockholders, directors, officers, partners, persons,
underwriters and control persons for any legal or any other expenses reasonably
incurred in connection with investigating or defending any such claim, loss,
damage, liability or action, in each case to the extent, but only to the extent,
that such untrue statement (or alleged untrue statement) or omission (or alleged
omission) is made in such registration statement, prospectus, offering circular
or other document in reliance upon and in conformity with written information
furnished to the Company by the Investor or such Other Stockholder specifically
for use therein; provided, however, that the
obligations of the Investor or Other Stockholder hereunder shall be limited to
an amount equal to the proceeds to the Investor or Other Stockholder of
securities sold as contemplated herein. It is agreed that the indemnity
agreement contained in this Subsection 1.6(b) shall not apply to amounts paid in
settlement of any such claim, loss, damage, liability or action if such
settlement is effected without the consent of the Investor or Other Stockholder
(which consent shall not be unreasonably withheld).

    

    (e)      
     Each party entitled to indemnification under this
Subsection 1.6 (the “Indemnified Party”) shall give notice to the party required
to provide indemnification (the “Indemnifying Party”) promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought and shall permit the Indemnifying Party to assume the defense of any such
claim or any litigation resulting therefrom, provided that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or any
litigation resulting therefrom, shall be approved by the Indemnified Party
(whose approval shall not be withheld unreasonably), and the Indemnified Party
may participate in such defense at such Indemnified Party’s expense. The failure
of any Indemnified Party to give notice as provided herein shall relieve the
Indemnifying Party of its obligations under this Subsection 1.6 only if such
failure is prejudicial to the ability of the Indemnifying Party to defend such
action, and such failure shall in no event relieve the Indemnifying Party of any
liability that he or it may have to any Indemnified Party otherwise than under
this Subsection 1.6.  No Indemnifying Party, in the defense of any
such claim or litigation, shall, except with the consent of each Indemnified
Party, consent to entry of any judgment or enter into any settlement that does
not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party of a release from all liability with respect
to such claim or litigation.

    

    (d)           For
purposes of this Subsection 1.6, the term “control” shall have the meaning
assigned thereto under the Securities Act.

    
      
         

      

      
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    1.7           Information
by the Investor and Other Stockholders.  The Investor or
each Other Stockholder of securities included in any registration shall furnish
to the Company such information regarding the Investor or such Other Stockholder
and the distribution proposed by the Investor or any Other Stockholder as the
Company may request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this
Agreement.

    

    1.8           Rule 144
Reporting.  With a view to
making available the benefits of certain rules and regulations of the Commission
that may permit the sale of the Common Stock to the public without registration,
the Company shall:

    

    (a)           make
and keep public information available as those terms are understood and defined
in Rule 144 promulgated by the Commission under the Securities Act (“Rule 144”),
at all times after ninety (90) days following the first Public Offering by the
Company after the date hereof;

    

    (b)      
    file with the Commission in a timely manner all reports
and other documents required of the Company under the Securities Act and the
Securities Exchange Act at any time after it has become subject to the reporting
requirements thereunder; and

    

    (c)          
so long as the Investor owns any securities constituting or representing
Registrable Securities, furnish to the Investor forthwith upon request a written
statement by the Company as to its compliance with the reporting requirements of
Rule 144 (at any time after ninety (90) days following the first Public Offering
by the Company after the date hereof), and of the Securities Act and the
Securities Exchange Act (at any time after it has become subject to the
reporting requirements thereunder), a copy of the most recent annual or
quarterly report of the Company, and such other reports and documents so filed
by the Company as the Investor may reasonably request in availing itself of any
rule or regulation of the Commission allowing the Investor to sell any such
securities without registration.

    

    1.9           No
Transfer of Registration Right.  The rights to cause the
Company to register securities of the Company hereunder may not be assigned by
the Investor.

    

    1.10        “Market
Stand-Off” Agreement.  If requested by
the Company upon the recommendation of the Board of Directors of the Company and
an underwriter of Common Stock (or other securities) of the Company, the
Investor shall not sell or otherwise transfer or dispose of any Common Stock (or
other securities) of the Company held by him during the ninety (90) day period
following the effective date of a registration statement of the Company filed
under the Securities Act, provided that:

    

    (a)           such
agreement shall apply only with respect to an underwritten Public Offering
(whether such offering was initiated by the Company or the Investor);
and

    

    (b)           Other
Stockholders selling securities pursuant to such registration statement and all
officers and directors of the Company enter into similar
agreements.
 

    
      
         

      

      
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    Such
agreement shall be in writing in form satisfactory to the Company and such
underwriter. The Company may impose stop-transfer instructions with respect to
the shares (or securities) subject to the foregoing restriction until the end of
said ninety (90)-day period.

    

    SECTION
2.         REPRESENTATIONS AND
WARRANTIES.

    

    2.1          Representations
and Warranties of the Company.  The Company
represents and warrants to the Investor as follows:

    

    (a)           
The execution, delivery and performance of this Agreement by the Company have
been duly authorized by all requisite corporate action and will not violate any
provision of law, any order of any court or other agency of government, the
Articles of Incorporation or Bylaws of the Company, or any provision of any
material indenture, agreement or other instrument to which it or any of its
properties or assets is bound, or conflict with, result in a breach of or
constitute (with due notice or lapse of time or both) a default under any such
material indenture, agreement or other instrument, or result in the creation or
imposition of any lien, charge or encumbrance of any nature whatsoever upon any
of the properties or assets of the Company.

    

    (b)           This
Agreement has been duly executed and delivered by the Company and constitutes
the legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, subject to applicable bankruptcy,
insolvency and other similar laws affecting the enforceability of creditors’
rights generally, general equitable principles, the discretion of courts in
granting equitable remedies and public policy considerations.

    

    2.2          Representations
and Warranties of the Investor.  The Investor
represents and warrants to the Company as follows:

    

    (a)           The
execution, delivery and performance of this Agreement by the Investor will not
violate any provision of law, any order of any court or any agency or
government, or any provision of any material indenture or agreement or other
instrument to which he or any of his properties or assets is bound, or conflict
with, result in a breach of or constitute (with due notice or lapse of time or
both) a default under any such material indenture, agreement or other
instrument, or result in the creation or imposition of any lien, charge, or
encumbrance of any nature whatsoever upon any of the properties or assets of the
Investor.

    

    (b)           This
Agreement has been duly executed and delivered by the Investor and constitutes
the legal, valid and binding obligation of the Investor, enforceable against the
Investor in accordance with its terms, subject to applicable bankruptcy,
insolvency and other similar laws affecting the enforceability of creditors’
rights generally, general equitable principles, the discretion of courts in
granting equitable remedies and public policy considerations.

    

    SECTION
3.         MISCELLANEOUS.

    

    3.1           Governing
Law.  This Agreement
shall be governed by and construed under the laws of the State of Georgia,
without giving effect to any principles of conflicts of laws.

    
      
         

      

      
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    3.2           Survival.  The
representations, warranties, covenants and agreements made herein by the parties
shall survive the closing of the transactions contemplated hereby or the
Purchase Agreement.

    

    3.3           Successors
and Assigns.
Except as otherwise expressly provided herein, the provisions hereof shall inure
to the benefit of, and be binding upon, the successors, assigns, heirs,
executors and administrators of the parties hereto.

    

    3.4           Notices,
etc.  All notices and
other communications required or permitted hereunder shall be in writing and
shall be mailed by United States first-class mail, postage prepaid, or delivered
personally by hand or nationally recognized courier addressed (a) if to the
Investor, as indicated on the signature page hereto or at such other address as
the Investor shall have furnished to the Company in writing, or (b) if to the
Company, at 2745 Bankers Industrial Drive, Atlanta, GA 30360, or at such other
address as the Company shall have furnished to the Investor in
writing.  All such notices and other written communications shall be
effective on the date of mailing or delivery.

    

    3.5           Delays or
Omissions; Remedies Cumulative.  No delay or
omission to exercise any right, power or remedy accruing to Investor, upon any
breach or default under this Agreement, shall impair any such right, power or
remedy of Investor, nor shall it be construed to be a waiver of any such breach
or default, or an acquiescence therein, or of or in any similar breach or
default thereafter occurring; nor shall any waiver of any single breach or
default be deemed a waiver of any other breach or default theretofore or
thereafter occurring.  All of Investor’s remedies, either under this
Agreement or by law or otherwise afforded to Investor, shall be cumulative and
not alternative.

    

    3.6           Expenses.  The Company shall
bear its own expenses and legal fees incurred on its behalf with respect to this
Agreement and the transactions contemplated hereby and all expenses and
disbursements of its legal counsel reasonably incurred.

    

    3.7           Titles
and Subtitles.  The titles of the
sections, paragraphs. and subparagraphs of this Agreement are for convenience of
reference only and are not to be considered in construing this
Agreement.

    

    3.8           Counterparts.  This Agreement
may be executed in any number of counterparts, each of which shall be an
original, but all of which together shall constitute one
instrument.

    

    3.9           Timely
Performance.  Time is of the
essence as to the performance of the obligations required of the respective
parties under this Agreement.

    
    

     

    [Signatures
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        -10-

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have executed this Registration Rights Agreement, individually or
through its duly authorized officer, as the case may be, all as of the date
first written above.

     

    
      
        	 
      	
                WES
      CONSULTING, INC.

              
	 
      	 
      
	 
      	
                By:

              	
                      
                  /s/
      Louis S. Friedman

                

              
	 
      	
                Name:

              	
                Louis
      Friedman

              
	 
      	
                Title:

              	
                Chief
      Executive Officer

              
	 
      	 
      
	 
      	
                      
                  /s/
      Dmitrii Spetetchii

                

              
	 
      	
                DMITRII
      SPETETCHII

              
	 
      	 
      
	 
      	
                Address:

              
	 
      	 
      
	 
      	
                  

              
	 
      	
                  

              
	 
      	
                  

              
	 
      	
                  

              

      

    

     

    
      
         

      

      
        -11-Unassociated Document

      

    VOTING
AGREEMENT

    

    THIS VOTING AGREEMENT, dated
as of January 27, 2011 (this “Agreement”), is made by and among WES CONSULTING, INC., a
Florida corporation (“Corporation”), FYODOR PETRENKO, an individual
resident of the State of New Jersey (“Petrenko”), and LOUIS S. FRIEDMAN, an
individual resident of the State of Georgia (“Friedman”).

     

    WITNESSETH:

    

    WHEREAS, this Agreement is
being delivered pursuant to that certain Stock Purchase Agreement, dated as of
January 27, 2011 (the “Purchase Agreement”), by and among the Corporation,
Petrenko, Web Merchants, Inc., a Delaware corporation (“Web Merchants”) and
Dmitrii Spetetchii, pursuant to which, among other things, Petrenko has agreed
to sell all of his shares of capital stock of Web Merchants to the Corporation
in exchange for the issuance of shares of the common stock, par value $.01 per
share, of the Corporation (the “Common Stock”);

     

    WHEREAS, as a result of the
transactions contemplated by the Purchase Agreement, Petrenko will own
25,394,400 shares of Common Stock;

     

    WHEREAS, Friedman is the
President and Chief Executive Officer of the Corporation and owns 28,394,376
shares of Common Stock;

     

    WHEREAS, the Corporation is in
the process of amending its Articles of Incorporation to create Series A
Convertible Preferred Stock, par value $.001 per share (the “Preferred Stock”),
and promptly following the amendment of its Articles of Incorporation, the
Corporation will issue 4,300,000 shares of the Preferred Stock to Friedman,
and

     

    WHEREAS, Friedman and Petrenko
have agreed to enter into this Agreement and to restrict their right to vote
their shares of Preferred Stock and Common Stock, as well as any additional
shares of the voting capital stock of the Corporation subsequently acquired by
them, in accordance with the terms and conditions of this
Agreement.

     

    NOW, THEREFORE, in
consideration of the premises and of the mutual promises set forth herein, and
other good and valuable consideration, the adequacy, receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as
follows:

     

    SECTION
1.     Definitions;
Construction. For
purposes of this Agreement, the following terms shall have the following
meanings:

     

    (a)           “Affiliate” shall
mean, with respect to a Person, any Person which controls, is controlled by or
is under common control with such Person and any officer, director, shareholder
or employee of such Person and any member of the Immediate Family of any natural
person.

     

    (b)           “Board” shall mean the
board of directors of the Corporation.

     

    (c)           “Director” shall mean
a member of the Board.

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

      

    (d)           “Corporation” shall
mean WES Consulting, Inc., a Florida corporation, and any corporation that shall
succeed to the business and assets of the Corporation in a transaction (such as
a merger, consolidation, or reorganization) in which the Stock of the
Corporation is converted into capital stock of such successor
corporation.

     

    (e)           “Immediate Family”
shall mean, with respect to any natural person, such natural person’s spouse,
lineal descendants, grandparent or grandparents, parent or parents, brother or
brothers, and sister or sisters, in every case including, as appropriate,
adoptive relationships.

     

    (f)           “Person” means an
individual, a partnership, a corporation, an association, a joint stock company,
a trust, a joint venture, an unincorporated organization or association, a
limited liability company, a limited liability partnership, or a government
entity (or any department, agency, or political subdivision
thereof).

     

    (g)           “Stock” shall mean the
authorized shares of the Common Stock, the authorized shares of the Preferred
Stock, and any other authorized shares of capital stock of the Corporation (of
whatever kind, class or designation), whether now or hereafter authorized, if
such shares generally have the right to elect Directors of the
Corporation.

     

    Throughout
this Agreement, the words “own”, “owns” or “ownership” shall include the
ownership of all shares by such Person, whether beneficially, as defined in Rule
13d-3 promulgated pursuant to the Securities Exchange Act of 1934, as amended,
or of record.

     

    SECTION
2.    General
Prohibition Against Transfers. Neither Friedman nor
Petrenko shall sell, assign, pledge, dispose of, hypothecate, or otherwise
transfer (whether by operation of law or otherwise), or encumber any interest in
his Stock (“Proposed Transfer”), except in accordance with the terms of this
Agreement.

     

    SECTION
3.    Permitted
Transfers. The
provisions of Section 2 hereof shall not apply to a Proposed Transfer of Stock
to or for the benefit of (i) any trust for the sole benefit of Friedman or
Petrenko, (ii) any Proposed Transfer made in compliance with the terms of
Sections 5 and 6 hereof, or (iii) any Immediate Family of Friedman or Petrenko
upon his adjudication by a court of competent jurisdiction that he is
permanently incompetent to manage his person or property; provided, however, that any
such transferees shall take such Stock subject to all restrictions, terms and
conditions of this Agreement and shall execute and deliver to the Corporation a
written confirmation of the same prior to acquiring such Stock.

     

    SECTION
4.     Board Composition; Election
of Officers; Governance Matters.

     

    (a)           As
soon as practicable after the consummation of the transactions contemplated by
the Purchase Agreement, Friedman and Petrenko shall take all such actions with
respect to the voting of all shares of Stock now owned and held or hereafter
acquired by either of them to cause there to be elected as Directors (i)
Friedman and Petrenko or a designee selected by each of Friedman and Petrenko,
and (ii) one (1) additional Director mutually designated by Friedman and
Petrenko, it being expressly understood that Ron Scott (“Scott”) shall serve as
such mutual designee for so long as Scott remains an employee of the
Corporation.

      

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

      

    (b)           At
such time as the shareholders of the Corporation have increased the number of
Directors serving on the Board to four (4) Directors, Friedman and Petrenko
shall take all such actions with respect to the voting of all shares of Stock
now owned and held or hereafter acquired by either of them to cause there to be
elected as Directors (i) Friedman and Petrenko or a designee selected by each of
Friedman and Petrenko, and (ii) one (1) additional Director designated by each
of Friedman and Petrenko.

     

    (c)           At
such time as the shareholders of the Corporation have increased the number of
Directors serving on the Board to five (5) Directors, Friedman and Petrenko
shall take all such actions with respect to the voting of all shares of Stock
now owned and held or hereafter acquired by either of them to cause there to be
elected as Directors (i) Friedman and Petrenko or a designee selected by each of
Friedman and Petrenko, (ii) one (1) additional Director mutually designated by
Friedman and Petrenko, it being expressly understood that Scott shall serve as
such mutual designee for so long as Scott remains an employee of the
Corporation; and (iii) one (1) additional Director designated by each of
Friedman and Petrenko.

     

    (d)           All
other and additional Directors serving on the Board shall be appointed and
elected as provided in the Articles of Incorporation and Bylaws of the
Corporation.

     

    (e)           Friedman
and Petrenko may each remove any Director designated by him for any reason or
for no reason, and if a Director designated by Friedman or Petrenko is removed,
resigns, dies or otherwise ceases to be a Director, for any reason or for no
reason, then Friedman or Petrenko, as the case may be, shall be entitled to
designate the Person to replace such Director designated by Friedman or Petrenko
for the remainder of his or her unexpired term. In the event that Directors
shall be entitled to fill a vacancy on the Board, then Friedman and Petrenko
agree to cause their respective representative Directors to vote to fill such
vacancy in accordance with the immediately preceding sentence.

     

    (f)           Friedman
and Petrenko further agree to cause their designated Directors serving on the
Board:

     

    (1)           to
elect and appoint Friedman as the President and Chief Executive Officer of the
Corporation, Petrenko as the Executive Vice President of the Corporation, and
Scott (or such other Person as Friedman and Petrenko shall mutually designate)
as the Secretary and Chief Financial Officer of the Corporation, with such
duties and responsibilities as provided in the Articles of Incorporation and
Bylaws of the Corporation and the resolutions and written instructions of the
Board; and

     

    (2)           to
restrict the officers of the Corporation from taking any of the following
actions on behalf of the Corporation without the prior approval of the
Board:

     

    (i) the
sale, lease, encumbrance, loan, exchange or other transfer of the assets of the
Corporation other than in the usual and regular course of business;

     

    (ii) the
creation of any liability by or on behalf of the Corporation, whether actual or
contingent, in excess of $50,000.00, including, but not limited to, any loan,
guarantee, or other agreement which may result in indebtedness to the
Corporation; provided that such limitation shall not apply to any liability
incurred in connection with the purchase of inventory, in each case incurred in
the ordinary course of the Corporation’s business consistent with past
practice;

      

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

      

    (iii)
making any loan or advance to, or otherwise providing funds or credit to or for,
any other Person;

     

    (iv)
entering into any agreement not in the usual and regular course of the
Corporation’s business;

     

    (v)
organizing a subsidiary or acquiring an equity or other interest in any other
Person, or entering into a joint venture or strategic alliance;

     

    (vi)
making any investment, by way of capital contribution or otherwise, in or with
any Person except (I) investments and direct obligations of, or instruments
unconditionally guaranteed by, the United States of America or in certificates
of deposit issued by, and time deposits with, a commercial bank having capital
and surplus in excess of one (1) billion dollars; (II) investments in any money
market account maintained with a financial institution; (III) demand deposit
accounts maintained in the ordinary course of business; (IV) commercial papers
rated A-1 or better by Standard and Poor’s Corporation of P-1 or better by
Moody’s Investor Services, Inc.;

     

    (vii)
making capital expenditures in any fiscal year in excess of the level approved
by the Board in the capital budget adopted by the Board for that fiscal
year;

     

    (viii)
issuing, distributing, redeeming, retiring, purchasing, acquiring or selling any
equity or debt securities of the Corporation or apply any of its property to any
of the foregoing except as otherwise provided in this Agreement;

     

    (ix)
declaring or paying any dividends, or setting apart any sum for the payment of
any dividends on, or making any other distribution or reduction of capital
otherwise in respect of, any shares of the Common Stock, except as otherwise
provided in this Agreement;

     

    (x)
changing the Corporation’s current lines of business or entering into any new
line of business;

     

    (xi)
retaining any attorney, accountant, investment banker, financial advisor or
person performing a similar function to represent or provide services to the
Corporation;

     

    (xii)
authorizing or approving the budget for the Corporation;

     

    (xiii)
authorizing or entering into any agreement or arrangement (whether or not in
writing) between the Corporation and any of its officers, directors,
shareholders or affiliates;

      

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (xiv)
filing, or consenting by answer otherwise to the filing against it, of a
petition for relief or reorganization or arrangement or any other petition in
bankruptcy or insolvency under the laws of any jurisdiction, making an
assignment for the benefit of its creditors or consenting to the appointment of
a custodian, receiver, trustee or other officer with similar powers for itself
or for any substantial part of its assets or taking or omitting any other action
which would result (with the giving of notice or passage of time or both) in the
Bankruptcy of the Corporation or any of its subsidiaries; or

     

    (xv)
agreeing (whether or not in writing) to do any of the foregoing;

     

    provided, however, that nothing
in this Section 4(c)(2) shall be deemed to restrict the authority of the Board
to oversee the management of the Corporation as provided in the Articles of
Incorporation and Bylaws of the Corporation and applicable law.

     

    (g)           Neither
Friedman nor Petrenko shall vote their shares of Stock now owned and held or
hereafter acquired by either of them, or vote in their respective capacities as
Directors of the Company, to approve or consent to the undertaking of any of the
following actions, unless Friedman or Petrenko shall have first obtained the
affirmative vote or written consent of the other (which affirmative vote or
consent shall not be unreasonably withheld or delayed):

     

      (1)           the
transfer, sale, conveyance or assignment of all or substantially all of the
assets of the Corporation (or contract for or suffer or permit any of the
foregoing), including, without limitation, options to purchase and so called
“installment sales contracts,” “land contracts,” or “contracts for
deed”);

     

     
(2)           the merger
or consummation of any share exchange with any other Person pursuant to which
the Corporation will not be the surviving Person in such
transaction;

     

     
(3)           the
amendment or modification of this Agreement, the Articles of Incorporation or
the Bylaws of the Corporation;

     

     
(4)           the
undertaking generally of any act which is in contravention of this
Agreement;

        

     
(5)           the
subdivision of the Stock, by split up or otherwise, or combination of the
Stock;

     

     
(6)          the issuance of
additional shares of the Stock other than in connection with Stock that is
issuable under current commitments, including but not limited to stock options,
convertible debt, payment agreements, and warrants; and

     

     
(7)           the filing
of a voluntary petition or otherwise initiate proceedings (i) to have the
Corporation adjudicated insolvent or, (ii) seeking an order for relief of
the Corporation as debtor under the United States Bankruptcy Code (11 U.S.C. §§
101 et seq.); the
filing of any petition seeking any composition, reorganization, readjustment,
liquidation, dissolution or similar relief under the present or any future
federal bankruptcy laws or any other present or future applicable federal, state
or other statute or law relative to bankruptcy, insolvency, or other relief for
debtors with respect to the Corporation; or the seeking of the appointment of
any trustee, receiver, conservator, assignee, sequestrator, custodian,
liquidator (or other similar official) of the Corporation or of all or any
substantial part of the Corporation’s property; or the making of any general
assignment for the benefit of creditors of the Corporation; or the admission in
writing of the inability of the Corporation to pay its debts generally as they
become due; or the declaration of or otherwise effecting a moratorium on the
Corporation’s debt or take any action in furtherance of any proscribed
action.

      

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

      

    (h)           The
parties hereto agree to work together and take all actions necessary or
advisable to carry out the intent of this Agreement and to give maximum effect
to the provisions hereof, including, without limitation, the calling of special
meetings of the shareholders of the Corporation and the amendment of the
constituent documents of the Corporation, as may be necessary or
advisable.

     

    SECTION
5.     Right of First
Refusal.

     

    (a)           Neither
Friedman nor Petrenko shall make any Proposed Transfer of all or any portion of
his Stock now owned and held or hereafter acquired to any Person other than as
provided in Section 3 hereof unless he has first complied with the provisions of
this Section 5 and Section 6 hereof.  Neither Friedman nor Petrenko
shall make a Proposed Transfer of all or any portion of his Stock now owned and
held or hereafter acquired to any Person other than as provided in Section 3
hereof, in one or more related transactions, unless (i) such shareholder (the
“Selling Shareholder”) has received a bona fide written offer (the “Purchase
Offer”) from the proposed transferee of the Selling Shareholder’s Stock (the
“Purchaser”) to purchase all or any portion of the Selling Shareholder’s Stock
(the “Offered Shares”), which offer shall be in writing signed by the Purchaser,
and (ii) the Selling Shareholder first offers to sell to the other shareholder
hereunder (the “Refusal/Co-Sale Shareholder”) the Offered
Shares.  Prior to making any Proposed Transfer that is subject to this
Section 5, the Selling Shareholder shall give the Refusal/Co-Sale Shareholder
written notice (the “Offer Notice”) which shall include (1) the identity of the
Purchaser, (2) a copy of the Purchase Offer, and (3) an offer (the “Offer”) to
sell to the Refusal/Co-Sale Shareholder the Offered Shares upon the same terms
and conditions as those provided for in the Purchase Offer.  The Offer
shall be irrevocable for a period of ten (10) days following receipt by the
Refusal/Co-Sale Shareholder of the Offer Notice (the “Offer
Period”).

    

    (b)           At
any time during the Offer Period, the Refusal/Co-Sale Shareholder may, in lieu
of accepting such Selling Shareholder’s right of co-sale pursuant to Section 6
hereof, accept the Offer of the Offered Shares by giving written notice to the
Selling Shareholder of such acceptance. If the Refusal/Co-Sale Shareholder
accepts the Offer, the closing of the sale of the Offered Shares shall take
place within sixty (60) days after the Offer is accepted by the Refusal/Co-Sale
Shareholders or, if later, the date of closing set forth in the Purchase
Offer.  At such closing, the Selling Shareholder will deliver
certificates for such Offered Shares against payment of the purchase price
therefor, and the Selling Shareholder shall deliver, and the Refusal/Co-Sale
Shareholder will acquire, the Offered Shares free and clear of all liens,
pledges, encumbrances, restrictions and security interests of any
kind.

      

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (c)           If
the Refusal/Co-Sale Shareholder does not accept the Offer, or if the
Refusal/Co-Sale Shareholder does not purchase all of the Offered Shares pursuant
to the Offer, by the expiration of the Offer Period (and the Refusal/Co-Sale
Shareholder also elects not to sell pursuant to the Co-Sale Notice pursuant to
Section 6 hereof), then the Selling Shareholder may sell the remaining Offered
Shares to the Purchaser at any time within ninety (90) days after the last day
of the Offer Period, provided that such sale (i) shall be made on terms no less
favorable to the Selling Shareholder than the terms contained in the Purchase
Offer, and (ii) may only be made to the Purchaser identified in the Purchase
Offer.  In the event that the Offered Shares are not sold in
accordance with the terms of the immediately preceding sentence, the Offered
Shares shall again be subject to all of the conditions and restrictions of this
Agreement.  Any Proposed Transfer by the Selling Shareholder after the
last day of the ninety-day period referred to in this Section 5(c) or without
strict compliance with the terms, provisions and conditions of this Section 5
and the other terms, provisions and conditions of this Agreement, shall be null
and void and of no force or effect.

    

    SECTION
6.     Right of
Co-Sale.

    

    (a)           If
the Selling Shareholder pursuant to Section 5 hereof proposes to make a Proposed
Transfer of all or any portion of his Stock now owned and held or hereafter
acquired to any Person other than as provided in Section 3 hereof, in one or
more related transactions, then such Selling Shareholder shall, in addition to
the Offer Notice pursuant to Section 5 hereof, promptly give written notice (the
“Co-Sale Notice”) to the Refusal/Co-Sale Shareholder, contemporaneous with the
Offer Notice referred to in Section 5 hereof.  The Co-Sale Notice
shall contain substantially the same information as the Offer Notice, including,
without limitation, the Co-Sale Shares to be transferred, the nature of such
Proposed Transfer, the consideration to be paid, and the name and address of
each Purchaser.

    

    (b)           In
lieu of the rights of the Refusal/Co-Sale Shareholder pursuant to Section 5
hereof, the Refusal/Co-Sale Shareholder shall have the right, exercisable upon
written notice to the Selling Shareholder during the Offer Period referred to in
Section 5(a) hereof, to participate in such Proposed Transfer on the same terms
and conditions specified in the Co-Sale Notice.  To the extent that
the Refusal/Co-Sale Shareholder exercises such right of participation in
accordance with the terms and conditions set forth below, the percentage of
Co-Sale Shares that the Selling Shareholder may sell in the transaction shall be
correspondingly reduced.  The Refusal/Co-Sale Shareholder shall effect
his participation in the Proposed Transfer by promptly delivering for transfer
to the Purchaser his Stock which he elects to sell.  If the
Refusal/Co-Sale Shareholder exercises the right set forth in this Section 6(b),
then the Selling Shareholder and the Refusal/Co-Sale Shareholder may each sell
all or any part of their respective Stock equal to the product obtained by
multiplying (1) the Co-Sale Shares covered by the Co-Sale Notice by (2) a
fraction, the numerator of which is the number of shares of Stock owned by each
shareholder at the time of the Proposed Transfer, and the denominator of which
is the aggregate number of shares of Stock of both shareholders at the time of
the Proposed Transfer.

    

    (c)           The
Stock delivered pursuant to Section 6(b) hereof shall be transferred to the
Purchaser in consummation of the sale of the Stock pursuant to the terms and
conditions specified in the Co-Sale Notice, and the Selling Shareholder shall
concurrently therewith remit to the Refusal/Co-Sale Shareholder that portion of
the sale proceeds to which the Refusal/Co-Sale Shareholder is entitled by reason
of his participation in such sale.  To the extent that any Purchaser
prohibits such assignment or otherwise refuses to purchase any of the Stocks
from the Refusal/Co-Sale Shareholder, the Selling Shareholder shall not sell to
such Purchaser any Co-Sale Shares unless and until, simultaneously with such
sale, the Selling Shareholder shall purchase such Stock from the Refusal/Co-Sale
Shareholder.
 

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

      

    (d)           The
exercise or non-exercise of the rights of the shareholders hereunder to
participate in one or more sales of Co-Sale Shares shall not adversely affect
their respective rights to participate in subsequent sales of Co-Sale Shares
subject to Section 6(a) hereof.

    

    (e)           If
the Refusal/Co-Sale Shareholder elects not to participate in the sale of the
Co-Sale Shares subject to the Co-Sale Notice within the Offer Period referred to
in Section 6(a) hereof (and fails to respond to the Offer Notice or rejects the
Offer pursuant to Section 5 hereof), then the Selling Shareholder shall be free
for a period of ninety (90) days after the expiration of the Offer Period to
transfer the Co-Sale Shares to the Purchaser thereof for the same or greater
price and on the same terms and conditions as set forth in the Co-Sale
Notice.  If the Selling Shareholder does not transfer the Co-Sale
Shares within the ninety-day period referred to in this Section 6(e), then the
Selling Shareholder’s right to transfer the Co-Sale Shares pursuant to this
Section 6 shall terminate.

    

    SECTION
7.    Preemptive
Rights.  If, prior to any
firm commitment underwritten offering by the Corporation of shares of the Common
Stock to the public pursuant to an effective registration statement under the
Securities Act of 1933, as amended, or any subsequent Federal statute thereto,
the Corporation shall issue any equity securities consisting of the Common Stock
or other equity securities convertible into the Common Stock, each of Friedman
and Petrenko shall be entitled to purchase the portion of such Common Stock or
other equity securities to be issued that is necessary in order that the
aggregate shares of the Common Stock held by Friedman or Petrenko constitutes
the same percentage of all of the Common Stock (assuming the conversion,
exercise or exchange of all convertible equity securities) after the issuance of
such Common Stock or convertible equity securities as before the issuance
thereof; provided, however, that such
preemptive right shall not apply to (a) issuances of the Common Stock or equity
securities convertible into the Common Stock upon the conversion, exercise or
exchange of equity securities issued in compliance with the provisions of this
Section 7, (b) issuances of the Common Stock or equity securities convertible
into the Common Stock in connection with an exercise of the preemptive rights
granted hereunder, (c) issuances of Common Stock or equity securities to a
Person pursuant to the terms of any stock options, warrants or other equity
securities convertible into the Common Stock that are issued and outstanding on
the date hereof or any stock option, warrant or convertible security plan or
policy approved by Friedman and Petrenko and the Directors designated by
Friedman and Petrenko, or (d) issuances of Common Stock or equity securities,
approved by Friedman and Petrenko and the Directors designated by Friedman and
Petrenko, to a Person in connection with a business relationship as long as the
primary purpose of such issuance is not equity financing.  The price
of securities which Friedman and Petrenko each becomes entitled to purchase by
reason hereof shall be the same price at which such securities are offered to
others.  Friedman or Petrenko may exercise his right under this
Section 7 to purchase the Common Stock or other equity securities convertible
into the Common Stock by paying the purchase price therefor at the principal
office of the Corporation within thirty (30) days after receipt of notice from
the Corporation (which notice by the Corporation shall be given at least
thirty-five (35) days before the issuance of the Common Stock or other equity
securities convertible into the Common Stock) stating the number or amount of
the Common Stock or other equity securities convertible into the Common Stock
that the Corporation intends to issue and the price and characteristics
thereof.  Friedman and/or Petrenko shall pay such purchase price in
cash or by check; provided, however, that if the
Corporation is indebted to Friedman or Petrenko, then Friedman or Petrenko shall
be entitled, at his sole option, to credit against the purchase price all or any
portion of the Corporation’s indebtedness to him which is then
due.  Friedman’s and Petrenko’s contractual preemptive rights
hereunder shall be deemed to be exercised immediately prior to the close of
business on the day of payment of the purchase price in accordance with the
foregoing provisions, and at such time Friedman and/or Petrenko shall be treated
for all purposes as the record holder of the equity securities, as the case may
be.  As promptly as practicable (and in any event within five (5)
days) after the purchase date, the Corporation shall issue and deliver at its
principal office a certificate or certificates for the number of full shares of
the Common Stock or the number of full shares or amount, whichever is
applicable, of other equity securities convertible into the Common Stock,
together with cash for any fraction of a share or portion of such other equity
security at the purchase price to which Friedman or Petrenko is entitled
hereunder.
  

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

      

    SECTION
8.     Termination. This Agreement shall
terminate upon the occurrence of any of the following events:

     

    (a)           the
Corporation shall have (i) applied for or consented to the appointment of, or
the taking of possession by, a receiver, custodian, trustee or liquidator of
itself or of all or a substantial part of its assets; (ii) made a general
assignment for the benefit of its creditors, (iii) commenced a voluntary case
under the Federal Bankruptcy Code of 1978 (“Code”); (iv) filed a petition
seeking to take advantage of any other law relating to bankruptcy, insolvency,
reorganization, winding-up or composition or readjustment of debts, (v) failed
to controvert within 60 days or in a timely and appropriate manner, or
acquiesced in writing to, any petition filed against it in an involuntary case
under the Code, or (vi) taken any corporate action for the purpose of effecting
the foregoing;

     

    (b)           the
written consent of Friedman and Petrenko;

     

    (c)           either
Friedman or Petrenko owns fifty percent (50%) or less of the shares of Stock
that he owns as of the date hereof; and

     

    (d)           the
date of death of Friedman or Petrenko.

     

    Upon the
termination of this Agreement, Friedman and Petrenko may each surrender to the
Corporation the certificates representing his Stock, and the Corporation shall
issue to him in lieu thereof new certificates for an equal number of shares
without the endorsement set forth in Section 13 hereof.

     

    SECTION
9.    Corporation
Actions. The
Corporation agrees that it will not make any transfer of shares of Stock on the
Corporation’s stock transfer books except in accordance with, and otherwise will
not take any action with respect to the issuance of certificates representing
shares of Stock to any proposed transferee that violates, the terms of this
Agreement. The Corporation agrees to so instruct its transfer agent as to the
requirements of this provision and to issue shares of Stock with the legend set
forth in Section 13 hereof, as appropriate.

      

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

      

    SECTION 10.  Binding
Effect. This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective permitted successors, assigns, heirs and legal
representatives.

     

    SECTION 11.  Applicable
Law. This
Agreement shall be governed by and construed in accordance with the substantive
laws of the State of Georgia, without regard to application of the conflicts of
laws principles of such jurisdiction. The respective obligations of the parties
hereunder shall be subject to compliance with all applicable laws and
regulations including, without limitation, the laws of the State of
Georgia.

     

    SECTION 12.  Counterparts. This Agreement may be
executed in any number of counterparts all of which together shall constitute
one and the same instrument.

     

    SECTION 13.  Legends. Each certificate
representing shares of Stock owned or held by Friedman or Petrenko shall have,
in addition to any other legends which may be required or appropriate, endorsed
thereon legends in substantially the following forms:

     

    “These
securities are subject to the provisions of that certain Voting Agreement among
the corporation, the holder named on this certificate and certain other
stockholders of the corporation, as the same shall be amended from time to time,
and no transfer hereof may be made in violation thereof. A copy of said
Agreement is available for inspection at the offices of the
corporation.”

     

    SECTION 14.  Notices. All notices and other
communications given or made pursuant hereto shall be in writing and shall be
deemed to have been duly given or made as of the date delivered, mailed or
transmitted, and shall be effective upon receipt, if delivered personally,
mailed by registered or certified mail (postage prepaid, return receipt
requested) to the parties at the following addresses (or at such other address
for a party as shall be specified by like changes of address) or sent by
electronic transmission to the telecopier number specified below:

     

    (a)           If
to the Corporation or Friedman:

     

    WES
Consulting, Inc.

    2745
Bankers Industrial Drive

    Atlanta,
GA 30360

    Attn:                      Louis
S. Friedman, President

    Facsimile:
[TO COME]

     

    (b)           If
to Petrenko:

     

    Mr.
Fyodor Petrenko

    1095
Cranbury S. River Rd., Suite 7

    Jamesburg,
NJ  08831

    Facsimile:
[TO COME]

      

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

        

    SECTION 15.  Severability. The invalidity or
unenforceability of any particular provision of this Agreement shall not affect
the other provisions hereof, and this Agreement shall be construed in all
respects as if such invalid or unenforceable provisions were
omitted.

     

    [Signatures
Next Page]

      

    
      
         

      

      
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    IN WITNESS WHEREOF, the
parties have executed this Voting Agreement, individually or through its duly
authorized officer, as the case may be, all as of the date first written
above.

     

    
      
        
          
            
              
                	 
      	
                        WES
      CONSULTING, INC.

                      
	 
      	 
      
	 
      	
                        By: 

                      	      
                        /s/
      Louis S. Friedman

                      
	 
      	
                        Name:
      Louis S. Friedman

                      
	 
      	
                        Title:
      President and CEO

                      
	 	 
	 
      	      
                        /s/
      Fyodor Petrenko

                      
	 
      	
                        FYODOR
      PETRENKO

                      
	 	 
	 
      	      
                        /s/
      Louis S. Friedman

                      
	 
      	
                        LOUIS
      S.
FRIEDMAN

                      

              

            

          

        

      

    

      

    
      
         

      

      
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