Document:

sc13d0112ex10i_swissinso.htm

 

VOTING AGREEMENT AND PROXY, dated the 17th day of December, 2011 (this “Agreement”), by and among MICHEL GRUERING (“Gruering”) and RAFIC HANBALI (“Hanbali”).

 

W I T N E S S E T H :

 

WHEREAS, Gruering is the owner of 9,097,145 shares of Common Stock of SwissINSO Holding Inc. (the “Company”) and holds a proxy from Jean-Bernard Wurm and Muttiah Yogananthan (the “Other Shareholders”) for an aggregate of an additional 6,000,000 shares of Common Stock of the Company (collectively, the “Shares”);

 

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

 

1.           Agreement to Vote.  Gruering hereby agrees, on behalf of himself and the Other Shareholders to vote the Shares at any regular or special meeting of stockholders and on every action or approval by written consent in such manner as directed by Hanbali.

 

2.           Irrevocable Proxy.  Gruering agrees to execute and deliver to Hanbali an Irrevocable Proxy with respect to the Shares, subject to the terms and conditions set forth therein, in the form attached hereto as Exhibit A (the “Proxy”); provided, however, if the Proxy is not respected or is otherwise found to be unenforceable by any court of competent jurisdiction, Gruering will vote the Shares in accordance with the terms of Section 1.  The parties acknowledge that the Proxy is irrevocable and coupled with an interest.

 

3.           Specific Enforcement.  It is agreed and understood that monetary damages would not adequately compensate Hanbali for the breach of this Agreement, that this Agreement shall be specifically enforceable and that any breach or threatened breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining order.  Gruering waives any claim or defense that there is an adequate remedy at law for such breach or threatened breach.

 

4.           Successors in Interest.  The provisions of this Agreement shall be binding upon the successors in interest to any of the Shares held by Gruering and their successors and assigns. The parties hereby acknowledge that the Company has notice of this Agreement and the obligations created hereunder.

 

5.           Termination.  This Agreement shall continue in full force and effect from the date hereof through the date as of which the parties hereto terminate this Agreement by mutual agreement of the parties.

 

  

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6.           Legend.  There shall be imprinted or otherwise placed, on certificates representing the Shares, the following restrictive legend:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A VOTING AGREEMENT AND PROXY WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING OF THE SHARES REPRESENTED HEREBY.  ANY PERSON ACCEPTING ANY INTEREST IN SUCH SHARES SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SUCH AGREEMENT.  A COPY OF SUCH VOTING AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.”

 

7.           Miscellaneous.

 

7.1           Further Action.  Each party shall do all things and execute and deliver all documents and make all transfers, and cause any transferee of the Shares to do all things and execute and deliver all documents, as may be necessary to consummate the transactions contemplated by this Agreement.

 

7.2           Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware in all respects as such laws are applied to agreements among Delaware residents entered into and performed entirely within Delaware.

 

7.3           Amendment or Waiver.  This Agreement may be amended (or provisions of this Agreement waived) only by an instrument in writing signed by each of the parties.  Any amendment or waiver so effected shall be binding upon each of the parties hereto and any assignee of any such party.

 

7.4           Severability.  In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

 

7.5           Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same agreement.

 

7.6           Entire Agreement.  This Agreement and any Exhibits hereto constitute the full and entire understanding and agreement among the parties with regard to the subjects hereof and thereof and no party shall be liable or bound to any other in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein and therein.

 

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IN WITNESS WHEREOF, the parties hereto have executed this VOTING AGREEMENT AND PROXY as of the date first above written.

 

 

/s/ Michel Gruering

Michel Gruering

/s/ Rafic Hanbali

Rafic Hanbali

 

  

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EXHIBIT A

Irrevocable Proxy

SwissInso Holding Inc.

The undersigned, as record holder of 9,097,145 shares of SwissINSO Holding Inc., a Delaware corporation (the “Company”) and as proxy for the 6,000,000 shares owned by Jean-Bernard Wurm and Muttiah Yogananthan (the “Other Shareholders”) )collectively, the “Shares”), hereby irrevocably appoints Rafic Hanbali (“Hanbali”), as the undersigned’s proxy to attend all stockholders’ meetings and to, with respect to the matters described below, vote, execute consent and otherwise represent the Shares in the same manner and with the same effect as if the undersigned were personally present at any such meeting or voting such securities or personally acting on any matters submitted to shareholders for approval or consent. The proxy holder will have the full power of substitution and revocation.

 

This proxy is made pursuant to the Voting Agreement and Proxy, dated this 17th day of December, 2011, by and among the undersigned and Hanbali (the “Voting Agreement and Proxy”).  Except as required by applicable law, this proxy will be irrevocable until the termination of the Voting Agreement and Proxy.

 

THIS PROXY SHALL BE SIGNED EXACTLY AS THE STOCKHOLDER’S NAME APPEARS ON HIS STOCK CERTIFICATE. IF SIGNED BY AN ATTORNEY IN FACT, THE POWER OF ATTORNEY MUST BE ATTACHED.

 

/s/ Michel Gruering_________________________

Michel Gruering, individually as to

the Shares owned by him and as

Attorney-in-Fact for the Shares owned

By the Other Shareholders

 

 

4f8k011012ex10i_hunt4travel.htm

Exhibit 10.1

HUNT FOR TRAVEL, INC.

90122 HOEY ROAD

CHAPEL HILL, NORTH CAROLINA 27517

(919) 889-9461

January 10, 2012

Hawk Opportunity Fund, LP

	
  

	
Re:

	
Binding Letter of Intent between Hunt for Travel, Inc. and Hawk Opportunity Fund, LP

Dear Sir/Madam:

This letter sets forth our binding letter of intent (“Letter of Intent”) among Hunt for Travel, Inc.  a Nevada corporation (“Hunt for Travel”), and Hawk Opportunity Fund, LP, a limited partnership (“Hawk”), in connection with an agreement to be negotiated between Hunt for Travel and Hawk whereby Hawk will transfer all of its ownership in Praco, Inc. in exchange for shares of Hunt for Travel common stock (the “Transaction”), subject to the terms of a definitive agreement to be negotiated and executed by the parties.

The proposed terms of the Transaction are as follows:

1.           Definitive Agreement.  Consummation of the Transaction will be subject to the negotiation and execution of a mutually satisfactory definitive agreement (the “Definitive Agreement”) to be finalized and executed no later than January   , 2012 (the “Closing Date”), setting forth the specific terms and conditions of the Transaction proposed hereby.  The execution of the Definitive Agreement by both parties is subject to approval by the Board of Directors of both parties, approval of the shareholders of Hawk, if required, and the completion by Hawk of a satisfactory review and due diligence of the legal, financial and business conditions of Hunt for Travel. The parties will use their reasonable best efforts to negotiate in good faith the Definitive Agreement, which will contain, among other standard terms and conditions, the following provisions:

	
(a)  

	
Hunt for Travel shall issue shares and cash equal to approximately $18,000,000 to Hawk in consideration of Hawk and its shareholders transferring 100% of their ownership interest in Praco, Inc. to Hunt for Travel.

	
(b)  

	
Upon execution of this Letter of Intent, the Company will effectuate a name and symbol change as requested by Hawk.

	
(c)  

	
The shares currently issued and outstanding to the directors, executives, officers and affiliates of Hunt for Travel shall be acquired by third parties or returned to treasury and the directors, executives, officers and affiliates of Hunt for Travel shall indemnify and hold harmless Hawk and its shareholders from any liabilities arising or related to any action that occurred prior to the Transaction.

	
(d)  

	
The current officers and directors of Hunt for Travel shall resign effective immediately after the closing of the Transaction, with such vacancies filled by the nominees of Hawk.

	
(e)  

	
Any necessary third-party consents shall be obtained prior to Closing, including, but not limited to, any consents required to be obtained from Hunt for Travel’ and Hawk’s lenders, creditors, vendors and lessors.

 

  

  

  

 

	
(f)  

	
At Closing, Hunt for Travel’ operations will cease or be transferred to another entity and all outstanding debt and liabilities of Hunt for Travel will be satisfied in full.

	
(g)  

	
Each party shall have completed their due diligence review of the other party and shall be reasonably satisfied with the result of such review.

2.           Conduct of Business.  Prior to the execution of the Definitive Agreement and the closing of the Transaction, Hunt for Travel will conduct its operations in the ordinary course consistent with past practice and will not issue any capital stock or grant any options with respect to its capital stock, nor will Hunt for Travel make any distributions, dividends or other payments to any affiliate or shareholders.

3.           Public Announcements.  Neither party will make any public disclosure concerning the matters set forth in this Letter of Intent or the negotiation of the proposed Transaction without the prior written consent of the other party, which consent shall not be unreasonably withheld.  If and when either party desires to make such public disclosure, after receiving such prior written consent, the disclosing party will give the other party an opportunity to review and comment on any such disclosure in advance of public release.  Notwithstanding the above, to the extent that either party is advised by counsel that disclosure of the matters set forth in this Letter of Intent is required by applicable securities laws or to the extent that such disclosure is ordered by a court of competent jurisdiction or is otherwise required by law, then such disclosing party will provide the other party, if reasonably possible under the circumstances, prior notice of such disclosure as well as an opportunity to review and comment on such disclosure in advance of the public release.

4.           Due Diligence; Confidentiality Agreement.  Each party and its representatives, officers, employees and advisors, including accountants and legal advisors, will provide the other party and its representatives, officers, employees and advisors, including accountants and legal advisors, with all information, books, records and property (collectively, “Transaction Information”) that such other party reasonably considers necessary or appropriate in connection with its due diligence inquiry.  Each party agrees to make available to the other party such officers, employees, consultants, advisors and others as reasonably requested by the other party for meetings, visits, questions and discussions concerning each other and the Transaction.  Each of the parties will use its reasonable best efforts to maintain the confidentiality of the Transaction Information, unless all or part of the Transaction Information is required to be disclosed by applicable securities laws or to the extent that such disclosure is ordered by a court of competent jurisdiction.  Each party will have until 12:00PM Eastern standard time on January   , 2012 (the “Due Diligence Review Period”) to complete their initial due diligence review of the respective documents, unless the Definitive Agreement specifies a different deadline for completion of such due diligence review.

5.           Termination.  This Letter of Intent may be terminated (a) by mutual written consent of the parties hereto, (b) by either party (i) after 5:00 p.m. Eastern standard time on January 31, 2012, if a Definitive Agreement is not executed and delivered by the parties prior to such time, (ii) upon a material default under the terms of this Letter of Intent; or (iii) if the Transaction is enjoined by a court or any governmental body (including if consummation of the Transaction is enjoined pending approval by the shareholders of Hawk), or (c) by Hawk at any time prior to the expiration of the Due Diligence Review Period, if Hawk is not satisfied with the results of its due diligence investigation of Hunt for Travel in its sole and absolute discretion.

 

  

  

  

 

6.           No Brokers.   Each party represents and warrants to the other that there are no brokers or finders entitled to any compensation with respect to the execution of this Letter of Intent, and each agrees to indemnify and hold the other harmless from and against any expenses or damages incurred as a result of a breach of this representation and warranty.

7.           Expenses.  Each of the parties will be responsible for its own expenses in connection with the Transaction, including fees and expenses of legal, accounting and financial advisors.  In addition, all expenses relating to filings with the SEC or otherwise after the consummation of the Transaction, including but not limited to the filing of the Form 8-K for the Transaction, are the sole responsibility of Hawk.

8.           Choice of Law.  This Letter of Intent shall be governed by and construed in accordance with the internal substantive laws of the State of Nevada.

9.           Compliance with the Securities Laws.  Hawk acknowledges that it and its officers, directors, shareholders and employees and other representatives may, in connection with their consideration of the proposed Transaction, come into possession of material non-public information about Hunt for Travel.  Accordingly, Hawk will use its best efforts to ensure that none of its officers, directors, shareholders and employees or other representatives will trade (or cause or encourage any third party to trade) in any of the securities which they will receive as a result of the Transaction while in possession of any such material, non-public information.  Hunt for Travel acknowledges that it and its officers, directors, shareholders and employees and other representatives may, in connection with their consideration of the proposed Transaction, come into possession of material non-public information about Hawk and its respective affiliates.  Accordingly, Hunt for Travel will use its best efforts to ensure that none of its officers, directors, shareholders and employees or other representatives will trade (or cause or encourage any third party to trade) in any of the securities which they will receive as a result of the Transaction while in possession of any such material, non-public information.

10.         Counterparts.  This Letter of Intent maybe executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Fax and PDF copies of signatures shall be treated as originals for all purposes.

 

11.         Effect.  This Letter of Intent is a binding contract between the parties, and contains the entire agreement by and among the parties to date with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, with respect to such matters.

 

  

  

  

This Letter of Intent will terminate at 5:00 p.m. (Eastern Standard Time) on January 31, 2012 unless it has been duly executed by or on behalf of the Parties prior to such time.

 

	 	Very truly yours,
	 	 
	 	 
HUNT FOR TRAVEL, INC.

	 	 	 
	
 

	
By: 

	/s/ Carolyn Hunter
	 	 	Name: Carolyn Hunter
	 	 	Title:   Chief Executive Officer
	 	 	 

 

	Agreed and Accepted:	 
	 	 
	HAWK OPPORTUNITY FUND, LP	 
	 	 	 
	
By: 

	 /s/ David S. Callan	 
	 	Name: David S. Callan	 
	 	Title:   Managing Partner

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