Document:

Exhibit
4.2

 

SECURITY
AGREEMENT

 

This
Security Agreement (the “Agreement”) is made as of May 5, 2008,
among MGP Ingredients, Inc., a Kansas corporation (“MGP”), MGP
Ingredients of Illinois, Inc., an Illinois corporation (“MGPI”),
and Midwest Grain Pipeline, Inc., a Kansas corporation (“Midwest Grain”)
(each a “Borrower” and, collectively, the “Borrowers”), and
COMMERCE BANK, N.A., a national banking association, in its capacity as Agent
under the Credit Agreement referred to below (in such capacity, the “Agent”).

 

Preliminary
Statements

 

(a)                                  The Borrowers have entered into a Credit
Agreement, dated on or about the date hereof, with Commerce Bank, N.A., as the
Agent, Issuing Bank and Swingline Lender, and the Banks from time to time party
thereto (as amended, renewed, restated, replaced or otherwise modified from
time to time, the “Credit Agreement”), pursuant to which the Banks,
subject to the terms and conditions thereof, have agreed to make loans or
otherwise extend credit to the Borrowers on a joint and several basis.

 

(b)                                 It is a condition precedent to the
obligation of the Banks to make any loans or otherwise extend credit to the
Borrowers that the Borrowers grant to the Agent (for the benefit of the Banks)
a security interest in certain of their respective personal property, all as
more particularly set forth below.

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are acknowledged, the parties agree as
follows:

 

1.                                       Definitions. 
Terms used and not defined in this Agreement have the meanings given to
them in the Credit Agreement.

 

2.                                       Security Interest. 
Each Borrower grants to the Agent (for the benefit of the Banks) a
security interest in all of such Borrower’s right, title and interest and in to
the following property, whether such property or such Borrower right, title or
interest therein or thereto is now owned or existing or hereafter acquired or
arising, and wherever such property may be located (collectively, the “Collateral”)

 

	
  (1)

  	
   

  	
  all Accounts;

  
	
   

  	
   

  	
   

  
	
  (2)

  	
   

  	
  all Chattel Paper, to
  the extent arising out of or otherwise relating to the sale or other transfer
  of Inventory or the furnishing of services;

  
	
   

  	
   

  	
   

  
	
  (3)

  	
   

  	
  all Instruments, to the
  extent arising out of or otherwise relating to the sale or other transfer of
  Inventory or the furnishing of services;

  
	
   

  	
   

  	
   

  
	
  (4)

  	
   

  	
  all Inventory;

  
	
   

  	
   

  	
   

  
	
  (5)

  	
   

  	
  all Refinanced
  Equipment Collateral;

  
	
   

  	
   

  	
   

  
	
  (6)

  	
   

  	
  all Deposit Accounts
  maintained with the Agent or any Bank;

  
	
   

  	
   

  	
   

  
	
  (7)

  	
   

  	
  all books, journals and
  other records (in each case whether electronic or otherwise) relating in
  whole or in part to any of the foregoing; and

  
	
   

  	
   

  	
   

  
	
  (8)

  	
   

  	
  all Proceeds of the
  foregoing.

  

 

 

3.             Obligations Secured.  The security interest granted herein secures
the payment and performance of the Obligations.

 

4.             Lien Perfection. 
The Borrowers jointly and severally represent, warrant and covenant to
the Agent (for its benefit and the benefit of the Banks) that: (a) each
Borrower’s full legal name is correctly stated in the first paragraph of this
Agreement; (b) each Borrower is a corporation organized under the laws of
its state of organization as identified in Exhibit A hereto; (c) each
Borrower’s chief executive office is located at the address given for it in Exhibit A
hereto; (d) each Borrower’s organizational identification number is the
organizational number given for it in Exhibit A hereto; (e) each
Borrower will take such action or cause others to take such action as is
necessary for the Agent to obtain control under Article 9 of the UCC of
any Collateral consisting of Deposit Accounts; (f) if any part of the
Collateral is an Instrument or Chattel Paper or is represented by a certificate
of title or similar title document, each Borrower shall promptly endorse,
assign and pledge such Instrument, Chattel Paper or title document to the
Agent, together with instruments of transfer or assignment executed in blank as
the Agent may reasonably request from time to time; (g) if any Collateral
is in the possession of a third party at any time, each Borrower will join with
the Agent in notifying the third party of the security interest held by the
Agent and obtaining an acknowledgment from the third party that it is holding
the Collateral for the benefit of the Agent; (h) if any Collateral at any
time is of a type that compliance with any statute, regulation or treaty of the
United States or any state or other political subdivision thereof is a
condition to attachment, perfection or priority of, or the Agent’s ability to
enforce, the Agent’s security interest in the Collateral, the Borrowers shall
execute and deliver such assignments and other documents and authorize such
filings as the Agent may request in respect thereof; (i) each Borrower
shall obtain such lien waivers and reasonable rights of access or occupancy
from mortgagees and landlords in respect of the Collateral as the Agent may
periodically request (j) the Collateral shall not be physically attached
to any real estate so as to become a fixture; (k) all Collateral shall be
located at all times in the United States of America and, except for Inventory
in transit in the ordinary course, at locations owned or leased by a Borrower
and previously disclosed in writing to the Agent; and (l) except as
otherwise provided in the Credit Agreement, no Borrower will change its name,
type of organization, jurisdiction of organization or organizational
identification number without giving the Agent at least 30 days prior written
notice thereof.

 

5.             Good Title; No Other Liens.  Each Borrower represents and warrants to the
Agent (for its benefit and the benefit of each Bank) that such Borrower owns,
or with respect to after-acquired Collateral immediately upon such Borrower’s
acquisition thereof will own, the Collateral free and clear of any Liens except
for Permitted Liens.

 

6.             Protection of Collateral; Agent’s Rights.  Each Borrower will: (a) except as
otherwise permitted under the Credit Agreement, maintain possession of the
Collateral at all times and defend its title to the Collateral and the security
interest of the Agent therein against the claims of all other Persons; (b) use
the Collateral with reasonable care and caution; (c) keep the Collateral
in good repair and order; (d) not use, or permit the Collateral to be
used, in violation of any law; (e) not create or permit any Lien in or
upon any part of the Collateral, except for Permitted Liens; (f) not sell,
lease or otherwise transfer or dispose of any Collateral or any interest of
such Borrower therein, except as permitted under the Credit Agreement; (g) pay
when due all taxes and assessments on the Collateral; (h) insure the
Collateral of an insurable nature in commercially reasonable amounts against
loss, damage and other customary casualties with such insurers as may be
reasonably acceptable to the Agent, with the Proceeds of such insurance payable
jointly to the Agent and the applicable Borrowers, as their interests appear,
and deliver to the Agent certificates of insurance evidencing the same; and (i) deliver
to the Agent such schedules or reports describing the Collateral and its value
and such other information regarding the Collateral as the Agent 

 

2

 

may reasonably request
from time to time.  The Borrowers
authorize the Agent to file of record such Uniform Commercial Code financing
statements and any other lien documents and to take such other action, in each
case whether in the name of the Agent or any of the Borrowers (and, in such
event, each Borrower grants to the Agent an irrevocable power of attorney to
sign such documents and take such actions in such Borrower’s name), in all
cases as the Agent so elects in its discretion to perfect the security interest
granted or purported to be granted pursuant to this Agreement or to otherwise
assure the Agent with respect to its rights and remedies granted or purported
to be granted hereunder or otherwise available at law or in equity.

 

7.             Agent’s Remedies Upon Default.  If an Event of Default is in effect, the
Agent has and may exercise from time to time all of the rights and remedies of
a secured party under the UCC or other applicable law and all other legal and
equitable rights and remedies to which the Agent or any Bank may be entitled,
all of which rights and remedies shall be cumulative and in addition to any
other rights or remedies contained in this Agreement or any of the other Credit
Documents.  Without limiting the
generality of the foregoing, if an Event of Default is in effect, the Agent
may: (a) declare all or any of the Obligations to be immediately due and
payable, whereupon such Obligations shall become immediately due and payable,
without presentment, demand, protest or further notice of any kind, all of
which are hereby waived by the Borrowers; (b) take immediate possession of
the Collateral, or require the Borrowers to assemble the Collateral at the
Borrowers’ expense and make it available to the Agent at a place designated by
the Agent which is reasonably convenient to all parties; (c) sell or
otherwise dispose of all or any Collateral in its then condition, or after any
further manufacturing or processing thereof, at public or private sale or sales
in lots or in bulk, all as the Agent in its sole discretion deems advisable; (d) realize
on Collateral through direct collection, to the extent permitted by applicable
law; and (e) exercise any other rights or remedies available at law, in
equity or by agreement.

 

8.             Foreclosure Sales.  Each Borrower agrees that, if applicable law
requires that prior notice of any foreclosure or other disposition of
Collateral be given to a Borrower, at least 10 days’ written notice to such
Borrower at such Borrower’s address in the Credit Agreement of any public or
private foreclosure sale or other disposition of any Collateral shall be
reasonable notice thereof, and that any such sale may be at such locations as
the Agent may designate in such notice. 
The Agent shall have the right to conduct foreclosure sales on each
Borrower’s premises and without charge therefor.  All public or private foreclosure sales may
be adjourned from time to time by giving oral notice thereof at the time and
place of such sale or in such other manner permitted by applicable law.  The Agent shall have the right to sell, lease
or otherwise dispose of any Collateral for cash, credit, or any combination
thereof, and the Agent or any Bank may purchase all or any part of the
Collateral at any public sale or, if permitted by law, any private sale, and,
in lieu of actual payment of such purchase price, the Agent or any Bank may
setoff and credit the amount of such price against the Obligations without
impairing any Borrower’s or any other party’s liability for any deficiency in
respect thereof.  Except as otherwise
provided in the Credit Agreement, the Proceeds realized from any sale of any
Collateral may be applied, after the Agent is in receipt of good funds, as
follows:  (a) first, to the
reasonable costs and expenses, including, without limitation, reasonable
attorneys’ fees and expenses, incurred by the Agent or any Bank for collection,
removal, storage, processing, protection, insurance, demonstration, sale or
delivery of the Collateral, (b) second, to any fees or expenses due
the Agent or any Bank under the Credit Documents, (c) third, to
interest due on any of the Obligations, (d) fourth, to the
principal of the Obligations, (e) fifth, to the Agent or any Bank,
for any Obligations not included in (a) through (d) above; and (f) sixth,
and finally, to the Borrowers or any other Person, to the extent it is lawfully
entitled to any remaining Proceeds.  If
any deficiency remains after any foreclosure sale, the Borrowers and any
Guarantors shall remain jointly and severally liable for such deficiency.  If the Agent forecloses or otherwise realizes
on any Collateral and receives any Proceeds thereof in any form other than
cash, the Obligations shall not be credited unless and until the Agent receives
collected funds with respect to such non-cash Proceeds.

 

3

 

9.             Collection; Power of Attorney.
 So long as any Event of Default is in
effect, each Borrower shall be deemed to have irrevocably appointed the Agent
as such Borrower’s attorney-in-fact to periodically execute and deliver such
documents and take such actions as the Agent deems necessary or appropriate,
and whether acting in the Agent’s or such Borrower’s name, to (a) exercise
any of the Agent’s rights and remedies under this Agreement or otherwise
available to the Agent, and (b) to exercise any of such Borrower’s rights
and remedies with respect to any Collateral or any Person obligated on
otherwise liable with respect to any Collateral, including, without limitation,
(i) insofar as any Collateral consists of Accounts, Instruments or Chattel
Paper, to enforce, compromise, release and generally exercise all of such
Borrower’s rights and remedies in respect of such Collateral and any Proceeds
of the foregoing, and (ii) to endorse any checks or other items of payment
in respect of such Collateral which come into the Agent’s or any Bank’s possession
or control.  Without limiting the
generality of the foregoing, so long as any Event of Default is in effect, the
Agent may adjust, compromise or otherwise settle any Collateral, including,
without limitation, file and settle any insurance claims relating to any
Collateral, and any insurer shall be entitled to rely conclusively on the Agent’s
rights and the power-of-attorney granted to it by each Borrower under this
Agreement.  All powers-of-attorney
granted by a Borrower to the Agent under this Agreement shall be deemed coupled
with an interest and therefore irrevocable until the Obligations have been
indefeasibly paid in full and no Bank has any duty to extend credit to or for
the benefit of any Borrower.

 

10.           Expenses; Agent May Perform;
Indemnification.  Upon demand by the
Agent, the Borrowers shall pay to the Agent the amount of all reasonable costs
and expenses, including, without limitation, reasonable attorneys’ fees and
expenses, which the Agent or any Bank incurs following an Event of Default in
connection with (a) the custody, preservation, use of, or the sale of,
collection from or other realization upon any of the Collateral, (b) the
exercise or enforcement of any of the Agent’s rights under this Agreement, or (c) the
failure by any Borrower to pay, perform or observe any of such Borrower’s
obligations under this Agreement.  The
Agent may, but shall not be obligated, to pay and perform any obligation of the
Borrowers under this Agreement if the same is not paid or performed by the
Borrowers in accordance with the terms hereof; and each Borrower shall be
deemed to have appointed the Agent as its agent and attorney-in-fact to pay or
perform any such obligations.  Each
Borrower indemnifies the Agent and the Banks from and against any and all
claims, losses and liabilities now or hereafter arising out of or relating to
this Agreement or any of the Obligations (including, without limitation,
enforcement of this Agreement and the Agent’s exercise of its rights and
remedies hereunder), except claims, losses or liabilities resulting solely from
the Agent’s or a Bank’s gross negligence or willful misconduct.

 

11.           Agent’s Duties.  The powers conferred on the Agent under this
Agreement are solely to protect its interest in the Collateral and shall not
impose any duty upon it to exercise any such powers.  Except for the safe custody of any Collateral
in the Agent’s possession and the accounting for monies actually received by
the Agent under this Agreement, the Agent shall have no duty in respect of any
Collateral nor shall the Agent have any duty to take any steps to preserve any
rights against any Collateral or against any Person.

 

12.           Borrowers Remains Liable.  If any Collateral consists of contracts or
agreements, (a) the applicable Borrower shall remain liable under such
contracts or agreements to the extent set forth therein to perform all of such
Borrower’s duties thereunder to the same extent as if this Agreement had not
been executed, (b) the exercise by the Agent of any of its rights under
this Agreement shall not release any Borrower from any of such Borrower’s
duties under any such contracts or agreements, and (c) neither the Agent
nor any Bank shall have any obligation or liability under such contracts or
agreements by reason of this Agreement, nor shall the Agent or any Bank be
obligated to perform any of the duties of any Borrower thereunder or to take
any action to collect or enforce any claim for payment assigned hereunder.

 

4

 

13.           Standards
for Exercising Rights and Remedies. To the extent that applicable law
imposes duties on the Agent to exercise remedies in a commercially reasonable
manner, each Borrower acknowledges and agrees that it is not commercially
unreasonable for the Agent (a) to fail to incur expenses reasonably deemed
significant by the Agent to prepare Collateral for disposition or otherwise to
fail to complete raw material or work in process into finished goods or other
finished products for disposition, (b) to fail to obtain third party
consents for access to Collateral to be disposed of, or to obtain or, if not
required by other law, to fail to obtain governmental or third party consents
for the collection or disposition of Collateral to be collected or disposed of,
(c) to fail to exercise collection remedies against Account Debtors or
other Persons obligated on Collateral or to fail to remove liens or
encumbrances on or any adverse claims against Collateral, (d) to exercise
collection remedies against Account Debtors and other Persons obligated on
Collateral directly or through the use of collection agencies and other
collection specialists, (e) to advertise dispositions of Collateral
through publications or media of general circulation, whether or not the
Collateral is of a specialized nature, (f) to contact other Persons,
whether or not in the same business as the Borrowers, for expressions of
interest in acquiring all or any portion of the Collateral, (g) to hire
one or more professional auctioneers to assist in the disposition of Collateral,
whether or not the Collateral is of a specialized nature, (h) to dispose
of Collateral by utilizing internet sites that provide for the auction of
assets of the types included in the Collateral or that have the reasonable
capability of doing so, or that match buyers and sellers of assets, (i) to
dispose of assets in wholesale rather than retail markets, (j) to disclaim
disposition warranties, (k) to purchase insurance or credit enhancements
to insure the Agent against risks of loss, collection or disposition of
Collateral or to provide to the Agent a guaranteed return from the collection
or disposition of Collateral, or (l) to the extent deemed appropriate by
the Agent, to obtain the services of other brokers, investment bankers,
consultants and other professionals to assist the Agent in the collection or
disposition of any of the Collateral. 
Each Borrower acknowledges that the purpose of this Section is to
provide non-exhaustive indications of what actions or omissions by the Agent
would fulfill the Agent’s duties under the Uniform Commercial Code or other law
of any other relevant jurisdiction in the Agent’s exercise of remedies against
the Collateral and that other actions or omissions by the Agent shall not be
deemed to fail to fulfill such duties solely on account of not being indicated
in this Section. Without limitation upon the foregoing, nothing contained in
this Section shall be construed to grant any rights to the Borrowers or to
impose any duties on the Agent that would not have been granted or imposed by
this Agreement or by applicable law in the absence of this Section.

 

14.           Joint and Several Liability.  Notwithstanding anything herein to the
contrary, all representations, warranties, covenants and other obligations of
the Borrowers under this Agreement shall be joint and several.

 

15.           Further Assurances.  The Borrowers agree to execute and deliver
such documents and to take such other action as the Agent may reasonably
request from time to time to evidence or further protect or preserve the Agent’s
rights granted or intended to be granted hereby.

 

16.           Governing Law.  This Agreement shall be governed by the laws
of the State of Missouri without regard to any choice of law rule thereof
which gives effect to the laws of any other jurisdiction, except to the extent
the laws of any other jurisdiction shall govern the perfection, the effect of
perfection or nonperfection, or the priority of any security interests created
under this Agreement.

 

17.           Miscellaneous.  No amendment or waiver of any provision of
this Agreement nor consent to any departure by any Borrower herefrom shall be
effective unless the same shall be in writing and signed by the Agent, and then
such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given. 
The section headings herein are solely for convenience and shall not be
deemed to limit or otherwise affect the meaning or scope of any part of this
Agreement.  This document shall be
construed without regard to any presumption or rule requiring construction
against the 

 

5

 

party causing such
document or any portion thereof to be drafted. 
If any provision of this Agreement shall be unlawful, then such
provision shall be null and void, but the remainder of this Agreement shall
remain in full force and effect and be binding on the parties.  This Agreement shall be binding upon the
successors and assigns of the parties, except that no Borrower may assign any
of its duties hereunder without obtaining the Agent’s prior written consent,
which consent may be withheld in the Agent’s sole and absolute discretion.  The Agent may assign any of the Agent’s
rights under this Agreement or any of the Obligations without the consent of
the Borrowers.  This Agreement may be
validly executed and delivered by fax or other electronic means and by use of
multiple counterpart signature pages.

 

[signature page(s) to
follow]

 

6

 

IN WITNESS WHEREOF, the
parties have executed and delivered this Agreement as of the date first written
above.

 

 

	
   

  	
  MGP
  INGREDIENTS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Robert Zonneveld

  
	
   

  	
       Name:
  Robert Zonneveld

  
	
   

  	
       Title:
  CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MGP
  INGREDIENTS OF ILLINOIS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   /s/ Robert Zonneveld

  
	
   

  	
       Name:
  Robert Zonneveld

  
	
   

  	
       Title:
  CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MIDWEST
  GRAIN PIPELINE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Robert Zonneveld

  
	
   

  	
       Name:
  Robert Zonneveld

  
	
   

  	
       Title:
  CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMMERCE BANK, N.A., as
  Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Wayne C. Lewis

  
	
   

  	
       Name:
  Wayne C. Lewis

  
	
   

  	
       By:
  Vice President

  
					

 

Security
Agreement – Signature Page

 

 

Exhibit A

 

	
  1.

  	
  MGP
  Ingredients, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Chief
  Executive Office:

  	
   

  	
  Cray Business Plaza

  
	
   

  	
   

  	
   

  	
   

  	
  100 Commercial Street

  
	
   

  	
   

  	
   

  	
   

  	
  Atchison, Kansas 66002

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  State of Incorporation:

  	
   

  	
  Kansas

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Organizational
  Identification Number:

  	
   

  	
  0083220 (Kansas)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  MGP
  Ingredients of Illinois, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Chief
  Executive Office:

  	
   

  	
  1301 S. Front St.

  
	
   

  	
   

  	
   

  	
   

  	
  Pekin, Illinois 61554

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  State of Incorporation:

  	
   

  	
  Illinois

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Organizational
  Identification Number:

  	
   

  	
  51922719 (Illinois)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  Midwest
  Grain Pipeline, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Chief
  Executive Office:

  	
   

  	
  Cray Business Plaza

  
	
   

  	
   

  	
   

  	
   

  	
  100 Commercial Street

  
	
   

  	
   

  	
   

  	
   

  	
  Atchison, Kansas 66002

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  State of Incorporation:

  	
   

  	
  Kansas

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Organizational
  Identification Number:

  	
   

  	
  1569474 (Kansas)Exhibit 10.1

 

STOCKHOLDER VOTING AGREEMENT

 

This STOCKHOLDER VOTING AGREEMENT (this “Agreement”) is entered into
as of May 7, 2008, by and among Enliven Marketing Technologies
Corporation, a Delaware corporation (the “Company”), and the
stockholders of DG FastChannel, Inc., a Delaware corporation (“Parent”),
identified on Schedule A attached hereto (each a “Stockholder” and collectively, the
“Stockholders”).

 

WHEREAS, as of the date hereof, each Stockholder is the record and
beneficial owner of and is entitled to dispose of (or to direct the disposition
of) and to vote (or to direct the voting of) that total number of shares of
common stock, par value $0.001 per share (“Common Stock”) of Parent as are set forth adjacent to such
Stockholder’s name on Schedule A attached hereto (the “Owned Shares”), as such shares may
be adjusted after the date hereof by stock dividend, stock split,
recapitalization, combination, merger, consolidation, reorganization or other
change in the capital structure of Parent affecting the Common Stock (such
shares of Common Stock, together with any other shares of Common Stock the
voting power over which is acquired by a Stockholder during the period from and
including the date hereof through and including the date on which this Agreement
is terminated in accordance with its terms, are collectively referred to herein
as the “Subject
Shares”);

 

WHEREAS, concurrently with the execution of this Agreement, Parent,
Merger Sub and the Company propose to enter into an Agreement and Plan of Merger,
dated as of the date hereof (the “Merger
Agreement”), pursuant to which Merger Sub shall be merged with and
into the Company (the “Merger”),
the separate corporate existence of Merger Sub shall cease and the Company
shall continue as the surviving corporation;

 

WHEREAS, the Merger shall become effective
upon the filing of the Certificate of Merger with the Delaware Secretary of
State (or such later time as may be agreed upon in writing by the Company and
Parent and specified in the Certificate of Merger) (such time being the “Effective Time”); and

 

WHEREAS, as a condition to the willingness of the Company to enter into
the Merger Agreement, and as an inducement and in consideration therefor, the
Company has required that the Stockholders agree, and the Stockholders have
agreed, to enter into this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual
promises, representations, warranties, covenants and agreements contained
herein, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1      Capitalized Terms.  For purposes of this Agreement, capitalized
terms used and not defined herein shall have the respective meanings ascribed
to them in the Merger Agreement.

 

 

ARTICLE II

VOTING AGREEMENT

 

Section 2.1      Agreement to Vote the Subject Shares.  Each Stockholder, in its capacity as such,
hereby agrees that, during the period commencing on the date hereof and
continuing until the termination of this Agreement (such period, the “Voting Period”),
at any meeting (or any adjournment or postponement thereof) of the holders of
any class or classes of the capital stock of Parent, however called, and in any
written action by consent of the holders of any class or classes of the capital
stock of Parent, such Stockholder shall vote or cause to be voted, the Subject
Shares (x) in favor of the approval of the terms of the Merger Agreement,
the Merger, the Share Issuance and the other transactions contemplated by the
Merger Agreement (and any actions required in furtherance thereof), (y) against
any action, proposal, transaction or agreement that would result in a breach in
any respect of any covenant, representation or warranty or any other obligation
or agreement of Parent under the Merger Agreement or of such Stockholder
contained in this Agreement, and (z) against the following actions or
proposals (other than the Merger, the Share Issuance and the transaction
contemplated by the Merger Agreement):  (i) any
change in the persons who constitute the board of directors of Parent that has
not been previously approved by at least a majority of the persons who were
directors of Parent as of the date of this Agreement (or their successors who
were so approved); (ii) any change in the present capitalization of Parent
or any amendment of Parent’s certificate of incorporation or bylaws; (iii) any
other material change in the Parent’s corporate structure; or (iv) any
other action or proposal involving Parent or any of its subsidiaries that is
intended, or could reasonably be expected, to prevent, impede, interfere with,
delay, postpone or adversely affect the transactions contemplated by the Merger
Agreement.  Any such vote shall be cast
in accordance with such procedures relating thereto so as to ensure that it is
duly counted for purposes of determining that a quorum is present and for
purposes of recording the results of such vote or consent.

 

Section 2.2      Fiduciary Responsibilities.  Notwithstanding any other provision of this
Agreement to the contrary, nothing contained in this Agreement shall limit the
rights and obligations of the Stockholder, in his or her capacity as a director
of Parent, from taking any action solely in his or her capacity as a director
of Parent, and no action taken by the Stockholder in any such capacity shall be
deemed to constitute a breach of any provision of this Agreement.

 

Section 2.3      Non-Contravention.  Each Stockholder agrees that during the
Voting Period, except as contemplated by the terms of this Agreement, it shall
not (i) sell, transfer, tender, pledge, encumber, assign or otherwise
dispose of (collectively, a “Transfer”),
or enter into any contract, option or other agreement with respect to, or
consent to, a Transfer of, any or all of the Subject Shares, (ii) grant
any proxy, power of attorney, or other authorization in or with respect to the
Subject Shares, or (iii) take any action that would have the effect of
preventing, impeding, interfering with or adversely affecting its ability to
perform its obligations under this Agreement.

 

2

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF STOCKHOLDER

 

Each Stockholder hereby represents and warrants to the
Company as follows:

 

Section 3.1      Authority.  Such Stockholder has all legal capacity and
authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby.  This
Agreement has been duly executed and delivered by such Stockholder and
constitutes a valid and binding obligation of such Stockholder, enforceable in
accordance with its terms.

 

Section 3.2      Ownership of Shares.  As of the date hereof, such Stockholder is
the lawful owner of the Owned Shares and has the sole power to vote (or cause
to be voted) and dispose of such shares of Common Stock.  The Subject Shares are not subject to any
voting trust agreement or other contracts, agreement, arrangement, commitment
or understanding to which such Stockholder is party restricting or otherwise
relating to the voting, dividend rights or disposition of the Subject
Shares.  Each Stockholder has good and
valid title to the Owned Shares, free and clear of any and all pledges,
mortgages, liens, charges, proxies, voting agreements, encumbrances, adverse
claims, options, security interests and demands of any nature or kind
whatsoever, other than those created by this Agreement, except as could not
reasonably be expected to impair such Stockholder’s ability to perform its
obligations under this Agreement.

 

Section 3.3      No Conflicts.  (i) No filing with any Governmental
Entity, and no authorization, consent or approval of any other Person is
necessary for the execution of this Agreement by such Stockholder and the
consummation by such Stockholder of the transactions contemplated hereby and (ii) none
of the execution and delivery of this Agreement by such Stockholder, the
consummation by such Stockholder of the transactions contemplated hereby or
compliance by such Stockholder with any of the provisions hereof shall (A) result
in, or give rise to, a violation or breach of or a default under any of the
terms of any material contract, understanding, agreement or other instrument or
obligation to which such Stockholder is a party or by which such Stockholder or
any of its Subject Shares or assets may be bound, or (B) violate any
applicable legal requirement.

 

ARTICLE IV

TERMINATION

 

Section 4.1      Termination.  This Agreement shall terminate, and neither
Parent nor any Stockholder shall have any rights or obligations hereunder and
this Agreement shall become null and void and have no effect upon the earliest
to occur of any of the following:  (i) the
mutual consent of the Company and the Stockholders to terminate this Agreement,
(ii) the Effective Time, (iii) the date of termination of the Merger
Agreement in accordance with its terms, (iv) the occurrence of a Company
Adverse Recommendation Change, (v) any withdrawal or modification of the
Company Recommendation and (vi) the entry by the Company into any Company
Acquisition Agreement.

 

3

 

ARTICLE V

MISCELLANEOUS

 

Section 5.1      Further Actions.  Each of the parties hereto agrees that it
will use its reasonable best efforts to do all things reasonably necessary to
effectuate this Agreement.

 

Section 5.2      Fees and Expenses.  Except as otherwise provided in the Merger
Agreement, each of the parties shall be responsible for its own fees and
expenses (including, without limitation, the fees and expenses of financial
consultants, investment bankers, accountants and counsel) in connection with the
entering into of this Agreement and the consummation of the transactions
contemplated hereby and the Merger Agreement, regardless of whether the Merger
is consummated.

 

Section 5.3      Amendments,
Waivers, etc.
 This Agreement may not be amended,
changed, supplemented, waived or otherwise modified, except upon the execution
and delivery of a written agreement executed by each of the parties
hereto.  The failure of any party hereto
to exercise any right, power or remedy provided under this Agreement or otherwise
available in respect hereof at law or in equity, or to insist upon compliance
by any other party hereto with its obligations hereunder, and any custom or
practice of the parties at variance with the terms hereof shall not constitute
a waiver by such party of its right to exercise any such or other right, power
or remedy or to demand such compliance.

 

Section 5.4      Specific Performance.  The parties hereto agree that irreparable
damage would occur in the event that any of the provisions of this Agreement were
not performed in accordance with their specific terms or were otherwise
breached.  It is accordingly agreed that
the parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions
hereof in any court of the United States or any state having jurisdiction, this
being in addition to any other remedy to which they are entitled at law or in
equity.

 

Section 5.5      Notices.  Any notices or other communications required
or permitted under, or otherwise in connection with this Agreement, shall be
made, and shall be deemed to have been duly given, pursuant to and in
accordance with Section 8.2 of the Merger Agreement, with any notices or
other communications to any Stockholder to be addressed to such Stockholder as
set forth on Schedule A hereto.

 

Section 5.6      Headings.  The headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

 

Section 5.7      Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of
Law or public policy, all other conditions and provisions of this Agreement
shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any party. 
Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as 

 

4

 

possible in an
acceptable manner to the end that transactions contemplated hereby are
fulfilled to the extent possible.

 

Section 5.8      Entire Agreement.  This Agreement (together with the Merger
Agreement, to the extent referred to herein) constitute the entire agreement of
the parties and supersede all prior agreements and undertakings, both written
and oral, between the parties, or any of them, with respect to the subject
matter hereof and, except as otherwise expressly provided herein, are not
intended to confer upon any other person any rights or remedies hereunder.

 

Section 5.9      Assignment.  No party may assign this Agreement without
the prior written consent of the other parties, and any such prohibited
assignment shall be void.  Subject to the
foregoing, this Agreement shall be binding upon and inure to the benefit of the
respective legal representatives, successors and assigns of the parties hereto.

 

Section 5.10    Certain Events.  Stockholder agrees that this Agreement and
the obligations hereunder shall attach to the Subject Shares and shall be
binding upon any Person or entity to which legal or beneficial ownership of
such Subject Shares shall pass, whether by operation of law, or otherwise.

 

Section 5.11    Parties in Interest.  This Agreement shall be binding upon and
inure solely to the benefit of each party hereto and their respective
successors and assigns, and nothing in this Agreement, express or implied, is
intended to or shall confer upon any other Person any right, benefit or remedy
of any nature whatsoever under or by reason of this Agreement.

 

Section 5.12    Mutual Drafting.  Each party hereto has participated in the
drafting of this Agreement, which each party acknowledges is the result of
extensive negotiations between the parties.

 

Section 5.13    Governing Law.  This Agreement shall be
governed by, and construed in accordance with, the Laws of the State of
Delaware, without regard to laws that may be applicable under conflicts of laws
principles.

 

Section 5.14    Counterparts.  This Agreement may be executed in one or more
counterparts, and by the different parties hereto in separate counterparts,
each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement.

 

* * * * *

 

5

 

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

 

	
   

  	
  ENLIVEN MARKETING TECHNOLOGIES 

  
	
   

  	
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Patrick Vogt

  
	
   

  	
   

  	
  Name: Patrick Vogt

  
	
   

  	
   

  	
  Title: Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STOCKHOLDERS

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MOON DOGGIE FAMILY PARTNERSHIP, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Scott K. Ginsburg

  
	
   

  	
   

  	
  Name: Scott K. Ginsburg

  
	
   

  	
   

  	
  Title: General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
    /s/ Scott K. Ginsburg

  
	
   

  	
  Scott K. Ginsburg

  

 

 

Schedule
A

 

	
  Stockholder

  	
   

  	
  Total Number

  of Shares of 

  Owned

  Shares

  	
   

  	
  Options and

  Warrants to

  Purchase

  Common

  Stock

  	
   

  	
  Address

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Moon Doggie
  Family

  Partnership, L.P.

  	
   

  	
  292,013

  	
   

  	
  300,852

  	
   

  	
  750 West John
  Carpenter Freeway, Suite 700, Irving, Texas 75039

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Scott K.
  Ginsburg

  	
   

  	
  2,303,531

  	
   

  	
  442,635

  	
   

  	
  750 West John
  Carpenter Freeway, Suite 700, Irving, Texas 75039

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