Document:

Exhibit 10.42

 

FORM OF VOTING AGREEMENT

 

THIS VOTING
AGREEMENT (this “Agreement”) is made and entered
into as of November 15, 2005, by and among NOKIA INC., a Delaware corporation
(“Parent”), INTELLISYNC COPORATION, a
Delaware corporation (the “Company”), and
the undersigned stockholder (“Stockholder”)  of the Company.

 

RECITALS

 

A.            Concurrently
with the execution of this Agreement, Parent, Jupiter Acquisition Corporation,
a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and the Company have entered into an Agreement
and Plan of Merger (the “Merger Agreement”),
which provides for the merger (the “Merger”) of
Merger Sub with and into the Company.

 

B.            Pursuant
to the Merger, all of the issued and outstanding shares of capital stock of the
Company will be canceled and converted into the right to receive the
consideration set forth in the Merger Agreement upon the terms and subject to
the conditions set forth in the Merger Agreement.

 

C.            As
of the date hereof, Stockholder Beneficially Owns (as defined below) the number
of Shares (as defined below) of capital stock of the Company as set forth on
the signature page of this Agreement.

 

D.            In
order to induce Parent and Merger Sub to execute the Merger Agreement,
Stockholder desires to restrict the transfer or disposition of, and desires to
vote, the Shares as provided in this Agreement, and the execution and delivery
of this Agreement and the Proxy (as defined below) is a material condition to
Parent’s willingness to enter into the Merger Agreement.

 

E.             As
a stockholder of the Company, the Stockholder will benefit from the execution
and delivery of the Merger Agreement and the consummation of the transactions
contemplated thereby.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

1.             Certain Definitions.  Capitalized terms not defined herein shall
have the meanings ascribed to them in the Merger Agreement.  For purposes of this Agreement:

 

(a)           A
Person shall be deemed to “Beneficially Own”
a security if such Person has “beneficial ownership” of such securities as
determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as
amended.

 

 

(b)           “Constructive Sale” means, with respect to
any security, a short sale or entering into or acquiring an offsetting
derivative contract with respect to such security, entering into or acquiring a
futures or forward contract to deliver such security or entering into any other
hedging or other derivative transaction that has the effect of materially
changing the economic benefits and risks of ownership of such security.

 

(c)           
“Expiration Date” means the
earlier to occur of (i) such date and time as the Merger shall become effective
in accordance with the terms and provisions of the Merger Agreement and (ii)
such date and time as the Merger Agreement shall have been validly terminated
pursuant to Article VII thereof.

 

(d)           
“Options” means: (i) all
securities Beneficially Owned by Stockholder as of the date of this Agreement
that are convertible into, or exercisable or exchangeable for, shares of
capital stock of the Company, including, without limitation, options, warrants
and other rights to acquire shares of Company Common Stock or other shares of
capital stock of the Company; and (ii) all securities of which Stockholder
acquires Beneficial Ownership during the period from the date of this Agreement
through and including the Expiration Date that are convertible into, or
exercisable or exchangeable for, shares of capital stock of the Company,
including, without limitation, options, warrants and other rights to acquire
shares of Company Common Stock or other shares of capital stock of the Company.

 

(e)           “Person” means
any (i) individual, (ii) corporation, limited liability company, partnership or
other entity, or (iii) Governmental Entity.

 

(f)            
“Shares” means: (i) all shares of
capital stock of the Company Beneficially Owned by Stockholder as of the date
of this Agreement; and (ii) all shares of capital stock of the Company of which
Stockholder acquires Beneficial Ownership during the period from the date of
this Agreement through and including the Expiration Date, including, without
limitation, in each case, shares issued upon the conversion, exercise or
exchange of Options.

 

(g)           
“Transfer” means, with respect to
any security, the direct or indirect (i) assignment, sale, transfer, tender,
pledge, hypothecation, placement in voting trust, Constructive Sale or other
disposition of such security (excluding transfers by testamentary or intestate
succession, of any right, title or interest in such security (including,
without limitation, any right or power to vote to which the holder thereof may
be entitled, whether such right or power is granted by proxy or otherwise) or
of the record or beneficial ownership of such security, or (ii) offer to make
any such sale, transfer, tender, pledge, hypothecation, placement in voting
trust, Constructive Sale or other disposition, and each agreement, arrangement
or understanding, whether or not in writing, to effect any of the foregoing, in
each case, excluding any (1) Transfer pursuant to a court order and (2) such
actions pursuant to which the Stockholder maintains all voting rights with
respect to such security.

 

2.             No Transfer of Shares or Options.  Stockholder agrees that, at all times during
the period beginning on the date hereof and ending on the Expiration Date,
Stockholder shall not Transfer (or cause or permit any Transfer of) any Shares
or Options, or make any agreement

 

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relating thereto, in each
case, without the prior written consent of Parent except for (i) Transfers
under plans adopted prior to the date of this Agreement pursuant to Rule 10b-5
promulgated under the Securities Exchange Act of 1934, as amended, to which
such Stockholder is a party that relates to the Shares or (ii) Transfers of
Shares issuable upon exercise of Options held by such Stockholder solely to the
extent necessary to permit a “cashless exercise” of such Options by such
Stockholder.  Stockholder agrees that any
Transfer in violation of this Agreement shall be void and of no force or
effect.

 

3.             No Transfer of Voting Rights.  Stockholder agrees that, during the period
from the date of this Agreement through and including the Expiration Date,
Stockholder shall not deposit (or cause or permit the deposit of) any Shares or
Options in a voting trust or grant (or cause or permit the grant of) any proxy
or enter into (or cause or permit the entry into) any voting agreement or
similar agreement with respect to any of the Shares or Options other than as
contemplated by this Agreement, Proxy and the Merger Agreement.

 

4.             Agreement to Vote Shares.

 

(a)           Until
the Expiration Date, at every meeting of stockholders of the Company, however
called, at every adjournment or postponement thereof, and on every action or
approval by written consent of stockholders of the Company with respect to any
of the following, Stockholder shall vote, to the extent not voted by the
Person(s) appointed under the Proxy (as defined below), all of the Shares or cause
the Shares to be voted:

 

(i)            in
favor of (1) adoption of the Merger Agreement, including all actions and
transactions contemplated by the Merger Agreement or the Proxy and (2) any
other actions presented to holders of shares of capital stock of the Company in
furtherance of the Merger Agreement, the Merger and the other actions and
transactions contemplated by the Merger Agreement or the Proxy;

 

(ii)           against
approval of any proposal made in opposition to, or in competition with, the
Merger Agreement or consummation of the Merger and the other transactions
contemplated by the Merger Agreement or the Proxy; and

 

(iii)          against
any action that is intended, or could reasonably be expected to, in any manner
impede, frustrate, prevent, nullify, interfere with, delay, postpone,
discourage or otherwise adversely affect the consummation of the Merger or any
of the other transactions contemplated by the Merger Agreement in accordance
with the terms of the Merger Agreement.

 

(b)           Stockholder
shall not enter into any agreement or understanding with any person to vote or
give instructions in any manner inconsistent with this Section 4.

 

5.             Irrevocable Proxy.  Concurrently with the execution of this
Agreement, Stockholder agrees to deliver to Parent an irrevocable proxy in the
form attached hereto as

 

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Exhibit A
(the “Proxy”), which shall be irrevocable to
the fullest extent permitted by applicable law, covering all Shares.

 

6.             Representations,
Warranties and Covenants of Stockholder.  Stockholder represents,
warrants and covenants to Parent as follows:

 

(a)           Stockholder
is the Beneficial Owner of the Shares and the Options indicated on the
signature page of this Agreement.

 

(b)           Stockholder
does not Beneficially Own any shares of capital stock of the Company or any
securities convertible into, or exchangeable or exercisable for, shares of
capital stock of the Company, other than the Shares and Options set forth on
the signature page hereto.

 

(c)           Stockholder
has the full power to dispose, vote or direct the voting of the Shares for and
on behalf of all beneficial owners of the Shares.

 

(d)           The
Shares are, and at all times up to and including the Expiration Date the Shares
will be, Beneficially Owned by Stockholder, free and clear of any rights of
first refusal, co-sale rights, security interests, liens, pledges, claims,
options, charges, proxies, voting trusts or agreements, understandings or
arrangement, or any other encumbrances of any kind or nature (“Encumbrances”).

 

(e)           The
execution and delivery of this Agreement and the Proxy by Stockholder do not,
and Stockholder’s performance of its obligations under this Agreement will not
conflict with or violate or require any consent, approval or notice under, any
order, decree, judgment, statute, law, rule, regulation or agreement applicable
to Stockholder or by which Stockholder or any of Stockholder’s properties or
assets, including, without limitation, the Shares and Options, is bound.

 

(f)            Stockholder
has full power and authority to make, enter into and carry out the terms of
this Agreement, and the Proxy, in each case with respect to all of the Shares
without limitation, qualification or restriction on such power and authority.

 

(g)           Stockholder
agrees that it will not (a) bring, commence, institute, maintain, prosecute,
participate in or voluntarily aid any action, claim, suit or cause of action,
in law or in equity, in any court or before any governmental entity (an
“Action”), which challenges the validity of or seeks to enjoin the operation of
any provision of this Agreement or the Proxy or (b) bring or commence any
Action that alleges that the execution and
delivery of this Agreement or the Proxy by Stockholder, either alone or together with the other voting agreements
and proxies to be delivered in connection with the execution of the Merger
Agreement, or the approval of the Merger Agreement by the board of directors of
the Company, breaches any fiduciary duty of the board of directors of the
Company or any member thereof.

 

(i)            Except
as expressly contemplated herein, the Stockholder is not a party to, and the
Shares are not subject to or bound in any manner by, any contract or agreement
relating

 

4

 

to the Shares, including
without limitation, any voting agreement, option agreement, purchase agreement,
stockholders’ agreement, partnership agreement or voting trust.

 

7.             Additional Documents.  Stockholder and the Company hereby covenant
and agree to execute and deliver any additional documents and take such further
actions as may be reasonably necessary or desirable, in the reasonable opinion
of Parent, to carry out the purposes and intent of this Agreement and the
Proxy.

 

8.             Consents and Waivers.  Stockholder hereby gives all consents and
waivers that may be required from it for the execution delivery of this
Agreement and the Proxy, and for the consummation of the Merger under the terms
of any agreement or instrument to which Stockholder is a party or subject or in
respect of any rights Stockholder may have. 
Stockholder further consents to the Company placing a stop transfer
order on the Shares with its transfer agent(s), which stop transfer order
shall, at the request of Parent remain in effect until the Expiration Date and
in accordance with the terms of this Agreement, Stockholder further consents
and authorizes Parent and the Company to publish and disclose in the Proxy
Statement (including all documents filed with the SEC in connection therewith)
Stockholder’s identity and ownership of the Shares and the nature of
Stockholder’s commitments, arrangements and understandings under this Agreement
and the Proxy.

 

9.             Termination.  This Agreement and the Proxy shall terminate
and shall have no further force or effect as of the Expiration Date.

 

10.           Company Covenants.  The Company agrees to make a notation on its
records and give instructions to its transfer agent(s) to not permit, during
the term of this Agreement, the Transfer of any Shares.

 

11.           Legending of Shares.  Stockholder agrees that, if so requested by
Parent, certificates evidencing the Shares shall bear the following legend:

 

THE SHARES OF
STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN VOTING AND
TRANSFER RESTRICTIONS PURSUANT TO THAT CERTAIN VOTING AGREEMENT, DATED AS OF
NOVEMBER 15, 2005, BY AND AMONG NOKIA INC., INTELLISYNC CORPORATION AND
STOCKHOLDER AND AN IRREVOCABLE PROXY, DATED AS OF NOVEMBER 15, 2005, IN FAVOR
OF NOKIA INC.  ANY TRANSFER OF SUCH
SHARES OF COMMON STOCK IN VIOLATION OF THE TERMS AND PROVISIONS OF SUCH VOTING
AGREEMENT SHALL BE NULL AND VOID AND HAVE NO FORCE OR EFFECT WHATSOEVER.

 

The Company
agrees, if so requested by Parent, to place (or to cause the transfer agent for
the Company to place) the above-referenced legend on any and all certificates
evidencing any Shares.  Subject to the
terms of Section 2 hereof,
Stockholder agrees that Stockholder shall not Transfer any Shares (to the
extent any Transfer is permitted under this Agreement) without first having the
aforementioned legend affixed to the certificates representing the Shares.

 

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12.           Acquisition Proposals

 

(a)           No Solicitation.  Stockholder agrees that it shall not, and
that it shall use all reasonable efforts to cause Stockholder’s employees,
agents and representatives (including any investment banker, attorney or
accountant retained by Stockholder) to not (and shall not authorize or permit
any of them to), directly or indirectly: (i) solicit, initiate, encourage,
knowingly facilitate or induce any inquiry with respect to, or the making,
submission or announcement of, any Acquisition Proposal, (ii) participate
or engage in any discussions or negotiations regarding, or furnish to any
Person any nonpublic information with respect to, or take any other action to
facilitate or encourage any inquiries or the making of any proposal that
constitutes or could reasonably be expected to lead to, any Acquisition
Proposal, (iii) approve, endorse, recommend or make or authorize any statement,
recommendation or solicitation in support of any Acquisition Proposal, (iv)
withdraw, amend or modify, or propose to withdraw, amend or modify in a manner
adverse to Parent its recommendation in favor of the adoption of the Merger
Agreement or (v) execute or enter into, or propose to execute or enter
into, any letter of intent or similar document or any contract, agreement or
commitment contemplating or otherwise relating to any Acquisition Proposal or
transaction contemplated thereby, except in the case of clauses (ii), (iii),
(iv) or (v) to the extent Stockholder or his employee, agent and representative
(including any investment banker, attorney or accountant retained by
Stockholder) is acting on behalf of the Company in accordance with and as
specifically permitted pursuant to Section 5.3 of the Merger Agreement.  Stockholder will immediately cease and cause
to be terminated any and all existing activities, discussions or negotiations
(including, without limitation, any such activities, discussions or
negotiations conducted by employees, agents and representatives (including any
investment banker, financial advisor, attorney, accountant or other
representative)) of Stockholder with any third parties conducted heretofore
with respect to consideration of any Acquisition Proposal.  Stockholder will exercise any rights under
any confidentiality or non-disclosure agreements with any such third parties to
require the return or destruction of non-public information provided prior to the
date hereof by Stockholder or its employees, agents and representatives to any
such third parties.

 

(b)           Notification of Unsolicited
Acquisition Proposals.  As
promptly as practicable (and in any event no later than 24 hours) after receipt
by Stockholder of any Acquisition Proposal or any request for nonpublic
information or inquiry that would reasonably be expected to lead to an
Acquisition Proposal or from any Person seeking to have discussions or
negotiations with Stockholder or the Company relating to a possible Acquisition
Proposal, Stockholder shall provide Parent with notice of such Acquisition
Proposal, request or inquiry, including the material terms and conditions of
such Acquisition Proposal, request or inquiry; the identity of the Person or
group making any such Acquisition Proposal, request or inquiry and a copy of
all written materials provided by or on behalf of such Person or group in
connection with such Acquisition Proposal, request or inquiry.  Stockholder agrees that it shall promptly provide
Parent with oral and written notice setting forth all such information as is
reasonably necessary to keep Parent currently informed in all material respects
of the status and material terms of any such Acquisition Proposal, request or
inquiry and shall promptly provide Parent a copy of all

 

6

 

written materials subsequently provided to, by or on
behalf of such Person or group in connection with such Acquisition Proposal,
request or inquiry.

 

13.           Stockholder Capacity.  So long as Stockholder is an
officer or director of the Company, nothing in this Agreement shall be
construed as prohibiting, preventing, precluding or otherwise affecting any
actions taken, or not taken, by Stockholder in his capacity as an officer or
director of the Company or any of its Subsidiaries or from fulfilling the
obligations of such office (including, subject to the limitations contained in Section 5.3 of the Merger Agreement,
the performance of obligations required by the fiduciary obligations of
Stockholder acting solely in his or her capacity as an officer or director).

 

14.           Miscellaneous.

 

(a)           Waiver. 
No failure on the part of any party to exercise any power, right,
privilege or remedy under this Agreement, and no delay on the part of any party
in exercising any power, right, privilege or remedy under this Agreement, shall
operate as a waiver of such power, right, privilege or remedy; and no single or
partial exercise of any such power, right, privilege or remedy shall preclude
any other or further exercise thereof or of any other power, right, privilege
or remedy.  A party hereto shall not be
deemed to have waived any claim arising out of this Agreement, or any power,
right, privilege or remedy under this Agreement, unless the waiver of such
claim, power, right, privilege or remedy is expressly set forth in a written
instrument duly executed and delivered on behalf of such party; and any such
waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

(b)           Notices. 
All notices and other communications hereunder shall be in writing and
shall be deemed duly given (i) on the date of delivery if delivered
personally or by courier service, (ii) on the date of confirmation of
receipt (or the first business day following such receipt if the date is not a
business day) if sent via facsimile (receipt confirmed), or (iii) on the
date of confirmation of receipt (or the first business day following such
receipt if the date is not a business day) if delivered by a nationally recognized
courier service.  All notices hereunder
shall be delivered to the parties at the following addresses or facsimile
numbers (or pursuant to such other instructions as may be designated in writing
by the party to receive such notice):

 

(i)            if
to Parent, to:

 

Nokia Inc.

709 Westchester Avenue, 3rd floor

White Plains, NY 10604

Attention:  Mary McDowell

Telephone No.:  (914) 368-0443

Telecopy No.: 
(914) 368-0411

 

7

 

with copies to:

 

Nokia Inc.

6000 Connection Drive

Irving, Texas 75039

Attention: 
Rick Stimson

Telephone No.:  (972) 894-6237

Telecopy No.:  (972) 894-5397

 

and

 

Skadden, Arps, Slate, Meagher & Flom LLP

525 University Avenue, Suite 1100

Palo Alto, California  94301

	
  Attention:

  	
  Kenton J.
  King

  	
   

  
	
   

  	
  Celeste E. Greene

  	
   

  

Telephone No.:    (650)
470-4500

Telecopy No.:      (650)
470-4570

 

(ii)           if
to Company, to:

 

Intellisync Corporation

2550 North First Street, Suite 500

San Jose, California  95131

Attention:  General Counsel

Telephone No.:  (408) 321-3800

Telecopy No.:  (408) 321-3886

 

with copies to:

 

Simpson Thacher & Bartlett LLP

3330 Hillview Avenue

Palo Alto, California  94304

	
  Attention:

  	
  Richard
  Capelouto

  	
   

  
	
   

  	
  Kirsten
  Jensen

  	
   

  

Telephone No.:    (650)
251-5000

Telecopy No.:      (650)
251-5002

 

with copies to:

 

Wilson Sonsini Goodrich & Rosati

650 Page Mill Road

Palo Alto, CA 94304

	
  Attention:

  	
  David Segre

  	
   

  

Telephone No.:    (650) 493-9300

Telecopy No.:      (650)
493-6811

 

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(iii)          if
to Stockholder: To the address for notice set forth on the signature page
hereof.

 

(c)           Headings. 
All captions and section headings used in this Agreement are for
convenience only and do not form a part of this Agreement.

 

(d)           Counterparts.  This Agreement may be executed in two or more
counterparts, and via facsimile, all of which shall be considered one and the
same agreement and shall become effective when one or more counterparts have
been signed by each of the parties and delivered to the other parties, it being
understood that all parties need not sign the same counterpart.

 

(e)           Entire Agreement; Amendment.  This Agreement and the Proxy constitutes the
entire agreement among the parties with respect to the subject matter hereof
and supersede all prior agreements and understandings, both written and oral,
among the parties with respect to the subject matter hereof.  This Agreement may not be changed or
modified, except by an agreement in writing specifically referencing this
Agreement and executed by each of Parent and Stockholder; provided, however, that the Company’s
obligations hereunder may not be changed or modified without the written
consent of the Company.

 

(f)            Severability.  In the event that any provision of this
Agreement, shall be determined to be invalid, unlawful, void or unenforceable
to any extent, the remainder of this Agreement shall not be impaired or
otherwise affected and shall continue to be valid and enforceable to the
fullest extent permitted by law.

 

(g)           Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware,
regardless of the laws that might otherwise govern under applicable principles
of conflicts of law thereof.  Each of the
parties hereto irrevocably consents to the exclusive jurisdiction and venue of
the Delaware Court of Chancery and any state appellate court therefrom within
the State of Delaware (or, if the Delaware Court of Chancery declines to accept
jurisdiction over a particular matter, any state or federal court within the
State of Delaware) in connection with any matter based upon or arising out of
this Agreement or the matters contemplated herein, agrees that process may be
served upon them in any manner authorized by the laws of the State of Delaware
for such persons and waives and covenants not to assert or plead any objection
which they might otherwise have to such jurisdiction, venue and such process.

 

(h)           Rules of Construction.  The parties
hereto agree that they have been represented by counsel during the negotiation
and execution of this Agreement and, therefore, waive the application of any
law, regulation, holding or rule of construction providing that ambiguities in
an agreement or other document will be construed against the party drafting
such agreement or document.

 

(i)            Remedies. 
The parties acknowledge that Parent will be irreparably harmed and that
there will be no adequate remedy at law in the event of a violation or breach
of

 

9

 

any of the terms of this Agreement.  Therefore, it is agreed that, in addition to
any other remedies that may be available to Parent upon any such violation or
breach, Parent shall have the right to enforce the terms hereof by specific
performance, injunctive relief or by any other means available to Parent at law
or in equity, and that Stockholder waives the posting of any bond or security
in connection with any proceedings related thereto. 
All rights, powers and remedies provided under this
Agreement or otherwise available in respect hereof at law or in equity shall be
cumulative and not alternative, and the exercise or beginning of the exercise
of any thereof by Parent shall not preclude the simultaneous or later exercise
of any other such right, power or remedy by Parent.

 

(j)            Binding Effect; No Assignment.  This Agreement and all of the provisions
hereof shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns, but, except as otherwise
specifically provided herein, neither this Agreement nor any of the rights,
interests or obligations of the parties hereto may be assigned by any of the
parties without the prior written consent of the other parties.  Any purported assignment in violation of this
Section 14(j) shall be void.

 

10

 

IN WITNESS
WHEREOF, the undersigned have executed this Agreement on the date first above
written.

 

	
  NOKIA
  INC.

  	
   

  	
  STOCKHOLDER:

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Signature

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Print Name

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  INTELLISYNC
  CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  Address

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
  Shares and Options:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Company
  Common Stock:

  	
   

  
	
   

  	
   

  	
  Company
  Options:

  	
   

  
							

 

 

[SIGNATURE PAGE TO VOTING AGREEMENT]

 

 

EXHIBIT A

 

IRREVOCABLE PROXY

 

The
undersigned stockholder (“Stockholder”)
of INTELLISYNC CORPORATION, a Delaware corporation (the “Company”),
hereby irrevocably (to the fullest extent permitted by law) appoints NOKIA INC.,
a Delaware corporation (“Parent”), and
any designee of Parent, and each of them individually, as the sole and
exclusive attorneys-in-fact and proxies of the undersigned with full power of
substitution and resubstitution, to vote and exercise all voting and related
rights with respect to, and to grant a consent or approval in respect of (in
each case, to the full extent that the undersigned is entitled to do so), all
of the shares of capital stock of the Company that now are or hereafter may be
Beneficially Owned by the undersigned, and any and all other shares or
securities of the Company issued or issuable in respect thereof between the
date hereof and the Expiration Date, as defined in the Voting Agreement,
defined below, (collectively, the “Shares”), in
accordance with the terms of this Proxy. 
The Shares Beneficially Owned by the undersigned as of the date of this
Proxy are set forth on the signature page hereof.  Any and all prior proxies heretofore given by
the undersigned with respect to any Shares are hereby revoked and the
undersigned hereby covenants and agrees not to grant any subsequent proxies
with respect to any Shares.  Capitalized
terms used and not defined herein have the meanings assigned to them in that
certain Voting Agreement, dated of even date herewith, by and among Parent, the
Company and Stockholder (the “Voting
Agreement”).

 

This Proxy is
irrevocable (to the fullest extent permitted by law), is coupled with an
interest and is granted pursuant to the Voting Agreement, and is granted in
consideration of Parent entering into that certain Agreement and Plan of Merger
(the “Merger Agreement”), dated as of November
15, 2005, by and among Parent, Jupiter Acquisition Corporation, a Delaware
corporation and a wholly owned subsidiary of Parent (“Merger Sub”)
and the Company.  The Merger Agreement
provides for the merger of Merger Sub with and into the Company in accordance
with its terms (the “Merger”) and
the payment to Stockholder of a portion of the proceeds of the Merger in
exchange for the Shares.

 

The
attorneys-in-fact and proxies named above are hereby authorized and empowered
by the undersigned at any time after the date hereof and prior to the
Expiration Date to act as the undersigned’s attorney-in-fact and proxy to vote
the Shares, and to exercise all voting, consent and similar rights of the
undersigned with respect to the Shares (including, without limitation, the
power to execute and deliver written consents), at every annual, special,
adjourned or postponed meeting of stockholders of the Company and in every
written consent in lieu of such meeting:

 

(i)            in
favor of adoption of the Merger Agreement, including all actions and
transactions contemplated by the Merger Agreement or this Proxy;

 

(ii)           against
approval of any proposal made in opposition to, or in competition with, the
Merger Agreement or consummation of the Merger and the other transactions
contemplated by the Merger Agreement or this Proxy, and

 

 

(iii)          against
any action that is intended, or could reasonably be expected, to, in any manner
impede, frustrate, prevent, nullify, interfere with, delay, postpone,
discourage or otherwise adversely affect consummation of the Merger or any of
the other transactions contemplated by the Merger Agreement in accordance with
the terms of the Merger Agreement.

 

The
attorneys-in-fact and proxies named above may not exercise this Proxy with
respect to any matter other than the matters described in clauses (i), (ii) or
(iii) above, and Stockholder may vote the Shares on all other matters.

 

Any obligation
of the undersigned hereunder shall be binding upon the successors and assigns
of the undersigned.

 

So long as
Stockholder is an officer or director of the Company, nothing in this Proxy
shall be construed as prohibiting, preventing, precluding or otherwise
affecting any actions taken, or not taken, by Stockholder in his capacity as an
officer or director of the Company or any of its Subsidiaries or from
fulfilling the obligations of such office (including, subject to the
limitations contained in Section 5.3 of the Merger Agreement, without
limitation, the performance of obligations required by the fiduciary obligations
of Stockholder acting solely in his or her capacity as an officer or director).

 

This Proxy
shall terminate, and be of no further force or effect, on the Expiration Date.

 

 

[Remainder of Page Intentionally
Left Blank]

 

2

 

Dated: November 15, 2005

 

 

	
   

  	
   

  	
   

  
	
   

  	
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[SIGNATURE PAGE TO PROXY]THIRD AMENDMENT TO LEASE

         This Third Amendment to Lease ("Amendment") is made effective as of the
_____ day of __________, 2005, by and between 12001 VENTURA CORPORATION, a
Delaware corporation ("Landlord") and TIX CORPORATION, a Delaware corporation
("Tenant") with reference to the following facts and circumstances.

         A.       Landlord is the Owner of that certain building located at
                  12001 Ventura Place, Studio City, California 91604 (the
                  "Property").

         B.       Landlord's predecessor-in-interest and Tenant's
                  predecessor-in-interest entered into a certain Standard Office
                  Lease-Gross, dated March 21, 1995, as amended by that certain
                  First Amendment of Lease dated April 17, 1995, and that
                  certain Second Amendment to Lease dated July 27, 2000
                  (collectively, the "Lease") for certain premises described as
                  Suite 340 (the "Premises") located in the Property.

         C.       American Realty Advisors ("Advisor") is the real estate
                  investment manager to the Landlord.

         D.       Landlord and Tenant desire to amend the Lease upon terms and
                  conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the foregoing facts and
circumstances, the mutual covenants and promises contained herein and after good
and valuable consideration, the receipt and sufficiency of which is acknowledged
by each of the parties, the parties do hereby agree to the following:

         1. Definitions. Each capitalized term used in this Amendment shall have
the same meaning as is ascribed to such capitalized term in the Lease, unless
otherwise provided for herein.

         2. Term. The term of the Lease is hereby extended for the period
commencing on July 1, 2005 and ending on June 30, 2010 (the "Extension Period").
Tenant acknowledges and agrees that, unless expressly provided for in this
Amendment, Tenant has no right to renew or extend the term after the Extension
Period.

         3. Rental. The Base Rent for the Extension Period shall be as follows:

<TABLE>
            Months                      Monthly Rent PSF                    Monthly Installment
            ------                      ----------------                    -------------------
<S>     <C>                                  <C>                                 <C>
        7/1/05-6/30/06                       $2.35                               $4,770.50
        7/1/06-6/30/07                       $2.42                               $4,912.60
        7/1/07-6/30/08                       $2.49                               $5,054.70
        7/1/08-6/30/09                       $2.56                               $5,196.80
        7/1/09-6/30/10                       $2.64                               $5,359.20
</TABLE>

         Tenant hereby agrees to pay the Base Rent for July, 2005 to Landlord
upon the execution of this Amendment.

         4. Conditional Rent. Provided that Tenant has faithfully performed all
of the terms and conditions of this Lease, Landlord agrees to abate Tenant's
obligation to pay Base Rent for August, 2005 and September, 2005 (the
"Conditional Rent"). Notwithstanding the foregoing, however, during such
abatement period, Tenant shall still be responsible for the payment of all
Operating Expenses payable under this Amendment. In the event of a default at
any time during the Term, in addition to any other remedies to which Landlord
may be entitled, Landlord shall be entitled to recover the Conditional Rent
(i.e., the amount of the Conditional Rent shall not be deemed to have been
abated, but shall become immediately due and payable as unpaid Rent earned, but
due at the time of such default).

         5. Operating Expenses. During the Extension Period, the Base Year, as
defined in Section 4.2(b) of the Lease, shall be calendar year 2005.
Additionally, Tenant shall not be obligated to pay any Operating Expenses until
July, 2006.

         6. Parking. Notwithstanding anything in the Lease to the contrary,
Tenant shall have the right to use up to three (3) unreserved parking spaces for
every 1,000 rentable square feet of the Premises, subject to paying Landlord's
standard monthly rate for such unreserved spaces. Additionally, Tenant may
convert three (3) of those total unreserved spaces into reserved parking spaces,
subject to paying Landlord's standard monthly rate for such reserved spaces.

         7. Tenant Improvements. Landlord hereby agrees, at Landlord's expense,
to re-paint the Premises using Building standard colors and to professionally
clean the existing carpets in the Premises.

         8. Option to Renew.

         a. Tenant shall have one (1) personal and non-transferable option to
         renew the term of the Lease for a period of five (5) years. The renewal
         term shall begin the first day following the expiration of the
         Extension Period. Tenant shall have the right to exercise the renewal
         option conferred herein by giving Landlord notice at least one hundred
         eighty (180) days, but not more than two hundred seventy (270) days,
         prior to the expiration of the Extension Period; provided that, at the
         time of exercise and as of the commencement of the renewal term (i) no
         default has occurred; and (ii) Tenant has not sublet any portion of the
         Premises or assigned all or any portion of the Lease.

         b. The renewal option shall be subject to all of the terms and
         conditions contained in the Lease, except that rent during each renewal
         term shall be Market Rent. "Market Rent" shall be the anticipated rate
         in effect for the Premises as of the commencement of the renewal term,
         together with any market rate increases during the renewal term, based
         upon the rents generally in effect for new leases of space in the area
         in which the building is located of equivalent quality, size, utility
         and location, and taking into account the length of the renewal term
         and the credit standing of Tenant. In no event shall the Market Rent be
         less than the rent in effect for the immediately preceding term.
         Landlord shall lease the Premises to Tenant in their then-current
         condition, and Landlord shall not provide to Tenant any allowances
         (e.g., moving allowance, construction allowance, free rent or the like)
         or other tenant inducements. In the event that Tenant shall exercise an
         option to renew the Lease, then the Market Rent shall be agreed upon in
         a meeting of the parties hereto held at least ninety (90) days prior to
         the expiration of the Extension Period. If the parties are able to
         agree on an amount of rent that is mutually satisfactory, then such
         agreements shall be placed in writing and shall be signed by the
         parties hereto and shall thereupon become a part of the Lease.

         c. If the parties hereto are unable to agree upon the rent at least
         thirty (30) days prior to the commencement of the renewal term, then
         the disagreement shall be promptly submitted to arbitration as provided
         below.

         d. Failure of Tenant properly to exercise any option herein granted
         shall be construed as a waiver of all options herein granted, and the
         Lease shall then terminate at the expiration of the Extension Period.

         e. If the parties do not agree upon the Market Rent within the
         stipulated time, no later than five (5) business days following the
         expiration of the stipulated time, each party shall select an
         arbitrator having not less than ten (10) years' actual experience in
         the commercial real estate brokerage business, and the arbitrators so
         selected shall immediately meet for the purpose of hearing and deciding
         the dispute and fixing the relevant rate of rent. If the two
         arbitrators selected cannot agree on the rental rate within ten (10)
         business days after appointment (the "Initial Review Period"), but the
         rental rates differ by less than five percent (5%), the rental rate
         shall be the average of the two rates. If the rental rates differ by
         more than five percent (5%), no later than five (5) business days
         following the expiration of the Initial Review Period, the two
         arbitrators shall select a third arbitrator with qualifications similar
         to their own. Within ten (10) business days following appointment, the
         third arbitrator shall select one of the two rental rates promulgated
         by the first two arbitrators as the rental rate for the renewal period.
         If the arbitrators cannot agree on the third arbitrator, they shall
         petition the presiding judge of the local state court having
         jurisdiction to appoint such arbitrator to act as an umpire between the
         arbitrators selected by Landlord and Tenant. The decision of the third
         arbitrator or presiding judge, as the case may be, shall be binding on
         both parties. Landlord and Tenant shall each be responsible to pay
         their respective arbitrators and will share equally the cost of the
         third arbitrator.

         f. Except as expressly set forth herein, Tenant shall have no option to
         renew the Lease.

         9. Restroom Installation. Tenant shall have the right, with Landlord's
prior written approval, to install one (1) restroom facility in the Premises,
subject to the following terms and conditions:

         a. Installation shall be performed only by contractors approved in
         advance by Landlord;

         b. Tenant shall be solely responsible for the maintenance, upkeep and
         repair of such restroom facility;

         c. The restroom shall installed in accordance with all applicable
         local, state and federal laws, including, but not limited to,
         compliance with the Americans With Disabilities Act of 1990; and

         d. Upon Landlord's request, Tenant shall completely restore, at
         Tenant's expense, the Premises to their condition prior to the
         installation of the restroom facility.

         10. No Defenses. Tenant affirms that, as of the date of execution of
this Amendment, no default or breach by Landlord exists under the Lease and
Tenant has no defenses, offsets or counterclaims that could be asserted in an
action by Landlord to enforce Landlord's remedies under the Lease.

         11. Broker. Tenant represents to Landlord that Tenant has not dealt
with any real estate broker, salesperson or finder in connection with this
Amendment, and no other such person initiated or participated in the negotiation
of this Amendment or is entitled to any commission in connection herewith.
Tenant hereby agrees to indemnify, defend and hold Landlord, its property
manager and their respective employees harmless from and against any and all
liabilities, claims, demands, actions, damages, costs and expenses (including
attorneys fees) arising from either (a) a claim for a fee or commission made by
any broker claiming to have acted by or on behalf of Tenant in connection with
this Amendment, or (b) a claim of, or right to lien under the statutes of the
state in which the Premises are located (the "State") relating to real estate
broker liens with respect to any such broker retained by Tenant.

         12. Submission. Submission of this Amendment by Landlord to Tenant for
examination and/or execution shall not in any manner bind Landlord and no
obligations on Landlord shall arise under this Amendment unless and until this
Amendment is fully signed and delivered by Landlord and Tenant; provided,
however, the execution and delivery by Tenant of this Amendment to Landlord
shall constitute an irrevocable offer by Tenant of the terms and conditions
herein contained, which offer may not be revoked for thirty (30) days after such
delivery.

         13. Miscellaneous.

         a. Notices. The parties confirm their respective notice addresses to be
         as follows

                        If to Landlord:  12001 Ventura Corporation
                                         c/o American Realty Advisors
                                         801 North Brand Boulevard, Suite 800
                                         Glendale, CA 91203
                                         Attention:  Stanley Iezman
                                         Telecopy:  818-545-8460

                        If to Tenant:    Tix Corporation
                                         12001 Ventura Place, Suite 340
                                         Studio City, California 91604
                                         Attention: Mitch Francis
                                         Telecopy: 818-761-1072

         b. Time of Essence. Time is of the essence of this Amendment and each
         and every term and provision hereof.

         c. Modification. A modification of any provision herein contained, or
         any other amendment to this Amendment, shall be effective only if the
         modification or amendment is in writing and signed by both Landlord and
         Tenant.

         d. Successors and Assigns. This Amendment shall be binding upon and
         inure to the benefit of the parties hereto and their respective
         successors and permitted assigns.

         e. Number and Gender. As used in this Amendment, the neuter includes
         masculine and feminine, and the singular includes the plural.

         f. Governing Law. This Amendment shall be governed by, interpreted
         under and construed and enforced in accordance with the laws of the
         State applicable to agreements made and to be performed wholly within
         the State.

         g. Construction. Headings at the beginning of each Section and
         subsection are solely for the convenience of the parties and are not a
         part of this Amendment. Except as otherwise provided in this Amendment,
         all exhibits referred to herein are attached hereto and are
         incorporated herein by this reference. Unless otherwise indicated, all
         references herein to Articles, Section, subsections, paragraphs,
         subparagraphs or provisions are to those in this Amendment. Any
         reference to a paragraph or Section herein includes all subparagraphs
         or subsections thereof. This Amendment shall not be construed as if it
         had been prepared by only Landlord or Tenant, but rather as if both
         Landlord and Tenant had prepared the same. In the event any portion of
         this Amendment shall be declared by any court of competent jurisdiction
         to be invalid, illegal or unenforceable, such portion shall be deemed
         severed from this Amendment, and the remaining parts hereof shall
         remain in full force and effect, as fully as though such invalid,
         illegal or unenforceable portion had never been part of this Amendment.

         h. Integration of Other Agreements. This Amendment, the Lease and prior
         amendments set forth the entire agreement and understanding of the
         parties with respect to the matters set forth herein and supersedes all
         previous written or oral understandings, agreements, contracts,
         correspondence and documentation with respect thereto. Any oral
         representation or modifications concerning this Amendment shall be of
         no force or effect.

         i. Duplicate Originals; Counterparts. This Amendment may be executed in
         any number of duplicate originals, all of which shall be of equal legal
         force and effect. Additionally, this Amendment may be executed in
         counterparts, but shall become effective only after a counterpart
         hereof has been executed by each party; all said counterparts shall,
         when taken together, constitute the entire single agreement between
         parties.

         j. Days. The term "days," as used herein shall mean actual days
         occurring, including Saturdays, Sundays and holidays. The term
         "business days" shall mean days other than Saturdays, Sundays and
         holidays. If any item must be accomplished or delivered hereunder on a
         day that is not a business day, it shall be deemed to have been timely
         accomplished or delivered if accomplished or delivered on the next
         following business day.

         k. Further Assurances. Landlord and Tenant each agree to execute any
         and all other documents and to take any further actions reasonably
         necessary to consummate the transactions contemplated hereby.

         l. Joint and Several Liability. If Tenant consists of two (2) or more
         parties, each of such parties (and each of Tenant's general partners)
         shall be liable for Tenant's obligations under this Amendment, and all
         documents executed in connection herewith, and the liability of such
         parties shall be joint and several. Additionally, the obligations and
         liabilities hereunder of the general partners or other appropriate
         persons or entities that comprise Tenant, if any, are and shall be
         joint and several.

         m. No Third Party Beneficiaries. Except as otherwise provided herein,
         no person or entity shall be deemed to be a third party beneficiary
         hereof, and nothing in this Amendment, (either expressed or implied) is
         intended to confer upon any person or entity, other than Landlord
         and/or Tenant (and their respective nominees, successors and assigns),
         any rights, remedies, obligations or liabilities under or by reason of
         this Amendment.

         n. Full Force and Effect. The Lease, as amended hereby, shall continue
         in full force and effect, subject to the terms and provisions thereof
         and hereof. In the event of any conflict between the terms of the Lease
         and the terms of this Amendment, the terms of this Amendment shall
         control.

         o. ERISA. Tenant has been informed that a specified pension plan may
         have an interest in the Property. Tenant hereby represents and warrants
         that it is not a party in interest to such plan, within the meaning of
         Section 3(14) of the Employee Retirement Income Security Act of 1974,
         as amended.

         IN WITNESS WHEREOF, this Amendment is executed as of the day and year
aforesaid.

                             LANDLORD:

                             12001 VENTURA CORPORATION, a Delaware corporation

                             By:   /s/ DAVID COOK

                             Printed Name: David Cook

                             Title: Asset Manager

                             Date:  July 30, 2005

                             TENANT:

                             TIX CORPORATION, a Delaware corporation

                             By: /s/ MITCH FRANCIS

                             Printed Name: Mitch Francis

                             Title: Chief Executive Officer

                             Date:  July 15, 2005

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