Document:

exv4w9

 

Exhibit 4.9

DOLLAR FINANCIAL CORP.

2007 EQUITY INCENTIVE PLAN

     1. Purposes of the Plan. The purposes of this Plan are:

          (a) to attract and retain the best available personnel for positions of substantial
responsibility,

          (b) to provide additional incentive to selected Employees, Consultants and Directors, and

          (c) to promote the success of the Company’s business.

     2. Definitions. For the purposes of this Plan, the following terms will have the
following meanings:

          (a) “Administrator” means the Board or any of its Committees that administer the Plan in
accordance with Section 4.

          (b) “Applicable Laws” means the legal requirements relating to the administration of and
issuance of securities under stock incentive plans, including, without limitation, the
requirements of state corporations law, federal, state and foreign securities law, federal, state
and foreign tax law, and the requirements of any stock exchange or quotation system upon which
the Shares may then be listed or quoted. For all purposes of this Plan, references to statutes
and regulations shall be deemed to include any successor statutes and regulations, to the extent
reasonably appropriate as determined by the Administrator.

          (c) “Award” means any of the following awards authorized for issuance or grant under the
Plan: Option, SAR, Stock Award, Restricted Stock Unit Award or Performance Award.

          (d) “Award Agreement” means, with respect to any Award, the written document(s) evidencing
the terms and conditions of the Award.

          (e) “Board” means the Board of Directors of the Company.

          (f) “Canadian Participant” means a Grantee who is subject to Canadian federal personal
income tax.

          (g) “Cause” shall have the meaning set forth in a Grantee’s employment or consulting
agreement with the Company (if any), or if not defined

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therein, shall mean (i) acts or omissions by the Grantee which constitute intentional
material misconduct or a knowing violation of a material policy of the Company or any of its
subsidiaries, (ii) the Grantee personally receiving a benefit in money, property or services from
the Company or any of its subsidiaries or from another person dealing with the Company or any of
its subsidiaries, in material violation of applicable law or Company policy, (iii) an act of
fraud, conversion, misappropriation, or embezzlement by the Grantee or his conviction of, or
entering a guilty plea or plea of no contest with respect to, a felony, or the equivalent thereof
(other than DUI), or (iv) any material misuse or improper disclosure of confidential or
proprietary information of the Company.

          (h) “Change in Control” means a change in ownership or control of the Company effected
through any of the following transactions:

          (i) a shareholder-approved merger or consolidation in which securities possessing more
than fifty percent (50%) of the total combined voting power of the Company’s outstanding
securities are transferred to a person or persons different from the persons holding those
securities immediately prior to such transaction, or

          (ii) a shareholder-approved sale, transfer or other disposition of all or
substantially all of the Company’s assets in complete liquidation or dissolution of the
Company, or

          (iii) the acquisition, directly or indirectly by any person or related group of
persons (other than the Company or a person that directly or indirectly controls, is
controlled by, or is under common control with, the Company), of beneficial ownership
(within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than
fifty percent (50%) of the total combined voting power of the Company’s outstanding
securities pursuant to a tender or exchange offer made directly to the Company’s
shareholders or pursuant to a private transaction or series of transactions with one or
more of the Company’s shareholders.

          (i) “Code” means the Internal Revenue Code of 1986, as amended.

          (j) “Committee” means a Committee appointed by the Board in accordance with Section 4.

          (k) “Common Stock” means the common stock, $0.001 par value per share, of the Company.

          (l) “Company” means Dollar Financial Corp., a Delaware corporation.

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          (m) “Consultant” means any natural person, including an advisor, engaged by the Company or a
Parent or Subsidiary to render bona fide services and who is compensated for such services,
provided that the term “Consultant” does not include any person who provides services in
connection with the offer or sale of securities in a capital-raising transaction, or who directly
or indirectly promotes or maintains a market for the securities of the Company.

          (n) “Continuous Status as an Employee, Director or Consultant” means continued performance
of services for the Company (or any Parent or Subsidiary) in the capacity of an Employee,
Director or Consultant. Continuous Status as an Employee, Director or Consultant will not be
considered interrupted in the case of any leave of absence approved by the Board or required by
Applicable Law, including sick leave, military leave, or any other personal leave,
provided, however, that should such leave of absence exceed three (3) months,
then for purposes of determining the period within which an Incentive Stock Option may be
exercised as such under the federal tax laws, the Grantee’s Continuous Status as and Employee,
Director or Consultant shall be deemed to cease on the first day immediately following the
expiration of such three (3)-month period, unless the Grantee is provided with the right to
return to employment following such leave either by statute or by written contract. Except to
the extent otherwise required by law or expressly authorized by the Administrator or by the
Company’s written policy on leaves of absence or in the Award Agreement, no service credit shall
be given for vesting purposes for any period the Grantee is on a leave of absence. For purposes
of the Plan, a Grantee shall be deemed to cease Continuous Status as an Employee, Director or
Consultant immediately upon the occurrence of either of the following events: (i) the Grantee no
longer performs services in any of the foregoing capacities for the Company or any Parent or
Subsidiary or (ii) the entity for which the Grantee is performing such services ceases to remain
a Parent or Subsidiary of the Company, even though the Grantee may subsequently continue to
perform services for that entity.

          (o) “Director” means a non-employee member of the Board or the board of directors of any
Parent or Subsidiary of the Company.

          (p) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the
Code.

          (q) “Employee” means any person, employed as a common law employee by the Company or any
Parent or Subsidiary of the Company.

          (r) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (s) “Fair Market Value” means, as of any date, the value of Common Stock determined as
follows:

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          (i) If the Common Stock is listed on any established stock exchange or a national
market system, including, without limitation, the Nasdaq Global Select Market, the Fair
Market Value of a Share of Common Stock will be the closing sales price for such stock as
quoted on that system or exchange (or the system or exchange with the greatest volume of
trading in Common Stock) at the close of regular hours trading on the day of determination,
as reported in the Wall Street Journal or any other source the Administrator considers
reliable.

          (ii) If the Common Stock is regularly quoted by recognized securities dealers but
selling prices are not reported, the Fair Market Value of a Share of Common Stock will be
the mean between the high bid and low asked prices for the Common Stock at the close of
regular hours trading on the day of determination, as reported in the Wall Street
Journal or any other source the Administrator considers reliable.

          (iii) If the Common Stock is not traded as set forth above, the Fair Market Value will
be determined in good faith by the Administrator taking into consideration such factors as
the Administrator considers appropriate, such determination by the Administrator to be
final, conclusive and binding.

          (t) “Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships.

          (u) “Grantee” shall mean any person to whom an Award has been granted pursuant to this
Plan.

          (v) “Incentive Stock Option” means an Option intended to qualify as an incentive stock
option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

          (w) “Nonqualified Stock Option” means an Option not intended to qualify as an Incentive
Stock Option.

          (x) “Officer” means a person who is an officer of the Company within the meaning of Section
16 of the Exchange Act and the rules and regulations promulgated thereunder.

          (y) “Option” means a stock option granted under Section 6 of the Plan.

          (z) “Optionee” means an Employee, Consultant or Director who holds an outstanding Option.

          (aa) “Parent” means a “parent corporation” with respect to the Company, whether now or later
existing, as defined in Section 424(e) of the Code.

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          (bb) “Performance Award” means an Award made under Section 10 of the Plan.

          (cc) “Plan” means this 2007 Equity Incentive Plan.

          (dd) “Restricted Stock Unit Award” means an award of restricted stock units granted under
Section 9 of the Plan.

          (ee) “SAR” means a stock appreciation right granted under Section 8 of the Plan.

          (ff) “Share” means a share of the Common Stock.

          (gg) “Stock Award” means a grant or sale by the Company of a specified number of Shares
under Section 8 of the Plan.

          (hh) “Subsidiary” means (i) a “subsidiary corporation” with respect to the Company, whether
now or later existing, as defined in Section 424(f) of the Code, or (ii) a limited liability
company, whether now or later existing, which would be a “subsidiary corporation” with respect to
the Company under Section 424(f) of the Code if it were a corporation.

     3. Stock Subject to the Plan.

          (a) Subject to the provisions of Section 12 of the Plan, the maximum aggregate number of
Shares which may be issued under the Plan will be 2,500,000; provided, however, that no more than
1,250,000 Shares may be subject to Stock Awards or Restricted Stock Units. The Shares may be
authorized, but unissued, or reacquired Common Stock.

          (b) No Grantee may be granted Awards denominated in Shares (whether payable in Shares, cash
or a combination of both) for more than 500,000 Shares in the aggregate per fiscal year of the
Company.

          (c) To the extent an Award expires or terminates or is surrendered or forfeited, the Shares
subject to such Award will become available for future grant or sale under the Plan. Should the
exercise price of an Option be paid with Shares, then the authorized reserve of Shares under the
Plan shall be reduced by the gross number of Shares for which that Option is exercised, and not
by the net number of shares issued under the exercised Option. If Shares otherwise issuable
under the Plan are withheld by the Company in satisfaction of the withholding taxes incurred in
connection with an Award, then the number of Shares available for issuance under the Plan shall
be reduced by the gross number of Shares issuable under the Award, calculated in each instance
prior to any such share withholding. Upon the exercise of any SAR, the share reserve under the
Plan shall be reduced by the gross number of Shares as to which such SAR is exercised

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     4. Administration of the Plan.

     (a) Procedure.

          (i) Composition of the Administrator. The Plan will be administered by (A) the Board,
or (B) a Committee designated by the Board, which Committee will be constituted to satisfy
Applicable Laws. Once appointed, a Committee will serve in its designated capacity until
otherwise directed by the Board. The Board may increase the size of the Committee and
appoint additional members, remove members (with or without cause) and substitute new
members, fill vacancies (however caused), and remove all members of the Committee and
thereafter directly administer the Plan. Notwithstanding the foregoing, unless the Board
expressly resolves to the contrary, the Plan will be administered only by a Committee,
which will then consist solely of persons who are both “non-employee directors” within the
meaning of Rule 16b-3 promulgated under the Exchange Act and “outside directors” within the
meaning of Section 162(m) of the Code; provided, however, the failure of the Committee to
be composed solely of individuals who are both “non-employee directors” and “outside
directors” shall not render ineffective or void any awards or grants made by, or other
actions taken by, such Committee.

          (ii) Multiple Administrative Bodies. The Plan may be administered by different bodies
with respect to Directors, Officers, and Employees and Consultants.

          (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the
case of a Committee, subject to the specific duties delegated by the Board to that Committee, the
Administrator will have the authority, in its discretion:

          (i) to determine (A) the Employees, Directors or Consultants to whom Awards may be
granted; (B) whether and to what extent Options, SARs, Stock Awards, Restricted Stock Unit
Awards or Performance Awards are granted, and whether Options are intended as Incentive
Stock Options or Nonqualified Stock Options; (C) the number of Shares to be covered by each
Award; (D) the purchase price or base price in effect for each Award; (E) the time or times
when each Award is to become exercisable or vest and (F) the maximum term for which an
Award is to remain outstanding;

          (ii) to accelerate the vesting or exercisability of an Award and to modify or amend
each Award, subject to Section 15(b);

          (iii) to extend the period of time for which an Option or SAR is to remain exercisable
following a Grantee’s termination of Continuous Status as an Employee, Director or
Consultant from the limited period otherwise in effect for that Option or SAR to such
greater period of time as the Administrator deems

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appropriate, but in no event beyond the expiration of the term of the Option or SAR;

          (iv) to authorize any person to execute on behalf of the Company any instrument
required to evidence the grant of an Award previously granted by the Administrator;

          (v) to construe and interpret the terms of this Plan; to prescribe, amend, and rescind
rules and regulations relating to the administration of this Plan; and to approve forms of
Award Agreements; and

          (vi) to make all other determinations it considers necessary or advisable for
administering the Plan.

          (c) Effect of Administrator’s Decision. The Administrator’s decisions,
determinations and interpretations will be final and binding on all holders of Awards. The
Administrator shall not be required to exercise its authority or discretion on a uniform or
nondiscriminatory basis.

     5. Eligibility. The persons eligible to participate in the Plan shall be Employees,
Directors and Consultants. The Administrator shall determine which eligible persons are to receive
Awards under the Plan.

     6. Options.

          (a) Types of Options. Options granted under the Plan may be Incentive Stock Options
or Nonqualified Stock Options, as determined by the Administrator at the time of grant.
Incentive Stock Options may be granted only to Employees; provided, however, that Incentive Stock
Options shall not be granted to Employees of a Subsidiary that is a limited liability company.
Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a
Nonqualified Stock Option.

          (b) Limitations on Grants of Incentive Stock Options. If the Shares subject to an
Optionee’s Incentive Stock Options (granted under all plans of the Company or any Parent or
Subsidiary), which become exercisable for the first time during any calendar year, have a Fair
Market Value in excess of $100,000, the Options accounting for this excess will be treated as
Nonqualified Stock Options. For purposes of this Section 6(b), Incentive Stock Options will be
taken into account in the order in which they were granted (except to the extent otherwise
provided under applicable law or regulation), and the Fair Market Value of the Shares will be
determined as of the respective date or dates of grant.

          (c) Exercise and Term of Option. Each option shall be exercisable at such time or
times, during such period and for such number of Shares as shall be

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determined by the Administrator and set forth in the Award Agreement. The term of each
Option will be stated in the Award Agreement; provided, however, that in no event
may the term be more than ten years from the date of grant. In addition, in the case of an
Incentive Stock Option granted to an Optionee who, at the time the Incentive Stock Option is
granted, owns stock representing more than 10% of the voting power of all classes of capital
stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be
five years from the date of grant or any shorter term specified in the Award Agreement.

          (d) Exercise Price. The exercise price per Share will be determined by the
Administrator provided that the per Share exercise price will be no less than 100% of the Fair
Market Value per Share on the date of grant of the option; provided, further that in the case of
an Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is
granted, owns stock representing more than 10% of the voting power of all classes of capital
stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less
than 110% of the Fair Market Value per Share on the date of grant.

          (e) Procedure for Exercise. An Option will be deemed exercised when the Company
receives: (i) written notice of exercise (in accordance with the Award Agreement) from the person
entitled to exercise the Option and (ii) full payment for the Shares with respect to which the
Option is exercised. The Administrator will determine the acceptable forms of payment of the
exercise price. Such form may consist partially or entirely of:

          (i) cash;

          (ii) other Shares which have a Fair Market Value on the date of exercise equal to the
aggregate exercise price of the Shares as to which an Option will be exercised and held for
the period (if any) necessary to avoid any additional charges to the Company’s earnings for
financial reporting purposes;

          (iii) delivery of a properly executed exercise notice together with any other
documentation as the Administrator and the Optionee’s broker, if applicable, require to
effect an exercise of the Option and delivery to the Company of the proceeds required to
pay the exercise price; or

          (iv) any other consideration and method of payment for the issuance of Shares to the
extent permitted by Applicable Laws.

          (f) Rights as a Shareholder. Shares issued upon exercise of an Option will be
issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee
and his or her spouse. Until the stock certificate evidencing such Shares is issued (as
evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or

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receive dividends or any other rights as a shareholder will exist with respect to the Shares
subject to the Option, notwithstanding the exercise of the Option.

          (g) Termination of Employment or Consulting Relationship or Directorship. The
following provisions shall govern the exercise of any Options held by an Optionee at the time of
termination of Continuous Status as an Employee, Director or Consultant:

          (i) If an Optionee holds exercisable Options on the date his or her Continuous Status
as an Employee, Director or Consultant terminates (other than because of termination due to
Cause, death or Disability), the Optionee may exercise the Options that were vested and
exercisable as of the date of termination for a period of three (3) months following such
termination (or such other period as is set forth in the Award Agreement or the Optionee’s
employment agreement or determined by the Administrator) but in no event later than the
expiration of the respective Option terms. The Administrator may determine in its sole
discretion that any unexercisable portion of the Option will become exercisable at such
times and on such terms as the Administrator may determine in its sole discretion. If the
Optionee does not exercise an Option within the limited time specified above after
termination, that Option will expire upon the expiration of such limited time period.

          (ii) Disability of Optionee. If an Optionee holds exercisable Options on the
date his or her Continuous Status as an Employee, Director or Consultant terminates because
of Disability, the Optionee may exercise the Options that were vested and exercisable as of
the date of termination for a period of twelve months following such termination (or such
other period as is set forth in the Award Agreement or the Optionee’s employment agreement
or determined by the Administrator) but in no event later than the expiration of the
respective Option terms. The Administrator may determine in its sole discretion that any
unexercisable portion of the Option will become exercisable at such times and on such terms
as the Administrator may determine in its sole discretion. To the extent the Optionee does
not exercise an Option within the limited time specified above, after termination, that
Option will expire upon the expiration of such limited time period.

          (iii) Death of Optionee. If an Optionee holds exercisable Options on the date
his or her death, the Optionee’s estate or a person who acquired the right to exercise the
Option by will or the laws of descent and inheritance may exercise the Options that were
vested and exercisable as of the date of death for a period of twelve months following the
date of death (or such other period as is set forth in the Award Agreement or the
Optionee’s employment agreement or determined by the Administrator) but in no event later
than the expiration of the Option terms. To the extent the Option is not exercised within
the limited time specified above following the Optionee’s death, the Option will expire
upon the expiration of such limited time period.

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          (iv) Termination for Cause. If an Optionee’s Continuous Status as an
Employee, Director or Consultant is terminated for Cause, then all Options (including any
vested Options) held by Optionee shall immediately be terminated and cancelled.

          (h) Non-Transferability of Options.

          (i) No Transfer. An Option may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of descent or
distribution and may be exercised, during the lifetime of the Optionee, only by the
Optionee. Notwithstanding the foregoing, to the extent that the Administrator so
authorizes at the time a Nonqualified Stock Option is granted or amended, (i) such Option
may be assigned pursuant to a qualified domestic relations order as defined by the Code,
and exercised by the spouse or former spouse of the Optionee who obtained such Option
pursuant to such qualified domestic relations order, or (ii) such Option may be assigned,
in whole or in part, during the Optionee’s lifetime to one or more Family Members of the
Optionee or to a trust established exclusively for the Optionee and/or one or more such
Family Members, to the extent such assignment is in connection with the Optionee’s estate
plan. Rights under the assigned portion may be exercised by the person(s) who acquire a
proprietary interest in such Option pursuant to the assignment. The terms applicable to
the assigned portion shall be the same as those in effect for the Option immediately before
such assignment and shall be set forth in such documents issued to the assignee as the
Administrator deems appropriate.  

          (ii) Designation of Beneficiary. An Optionee may file a written designation
of a beneficiary who is to receive any Options that remain unexercised in the event of the
Optionee’s death. The Optionee may change such designation of beneficiary at any time by
written notice to the Administrator. Such beneficiary or beneficiaries shall take the
transferred Options subject to all the terms and conditions of the applicable agreement
evidencing each such transferred Option, including (without limitation) the limited time
period during which the Option may be exercised following the Optionee’s death.

          (i) Canadian Participant Election. A Grantee who is at the time a Canadian
Participant may elect to surrender an Option, to the extent such Option has become exercisable,
in lieu of exercising same, and to receive upon such surrender a cash payment equal to the amount
of the excess, if any, of the Fair market Value of a Share on the date the Canadian Participant
so elects over the exercise price, multiplied by the number of Shares purchasable upon exercise
of the Option so surrendered. The election described herein shall be made in writing in the
manner prescribed by the Administrator. Notwithstanding anything in this Section 5(j) to the
contrary, the Administrator has the right to decline a Canadian Participant’s election described
in Section 5(j), provided, however, that if the Administrator declines the election, the

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Canadian Participant may elect to exercise the Option or may continue to hold the Option
unexercised, subject to the terms and conditions set forth in the Plan.

     7. Stock Appreciation Rights.

          (a) Nature of Award. The Administrator may grant a SAR separately or in tandem with
any Option. Upon the exercise of a SAR, its holder will be entitled to receive an amount equal
to the excess (if any) of: (i) the Fair Market Value of the Shares as to which the SAR is then
being exercised, over (ii) the aggregate base price of those Shares. Except for a Canadian
Participant, such amount may be paid in either cash and/or Shares, as determined by the
Administrator in its discretion. The Company agrees that such amount payable to a Canadian
Participant shall be paid in Shares issued by the Company. However, a Canadian Participant may
elect to receive such payment in cash, provided such election shall be made in writing in the
manner prescribed by the Administrator. Notwithstanding anything in this Section 7(a) to
the contrary, the Administrator has the right to decline a Canadian Participant’s election to
receive a cash payment upon exercise of a SAR in which event the Canadian Participant may elect
to exercise the SAR and receive the payment in the form of Shares issued by the Company or
continue to hold the SAR, subject to the terms and conditions set forth the Plan.

          (b) Number of Shares and Base Price. The number of Shares underlying each SAR and
the base price in effect for those Shares shall be determined by the Administrator in its sole
discretion at the time the SAR is granted. In no event, however, may the base price per Share be
less than the Fair market Value per Share on the grant date.

          (c) Term of SAR. The term of a SAR will be determined by the Administrator but no
SAR may have a term in excess of ten years.

          (d) Exercisability. SARs will vest and become exercisable at such time or times and
subject to such terms and conditions as will be determined by the Administrator.

          (e) Method of Exercise. Subject to the exercisability and termination provisions
set forth herein and in the applicable Award Agreement, SARs may be exercised in whole or in part
from time to time during their term by delivery of written notice to the Company specifying the
portion of the SAR to be exercised.

          (f) Termination of Continuous Status as an Employee, Director or Consultant. Unless
otherwise specified in the Award Agreement, SARs will be subject to the same procedures
applicable to Options upon termination of a Participant’s Continuous Status as an Employee,
Director or Consultant.

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          (g) Transferability. Unless otherwise specified in the Award Agreement, SARs will
be subject to the same provisions applicable to Nonqualified Options with respect to the
transferability of such Award

     8. Stock Awards.

          (a) Grant. The Administrator, in its sole and absolute discretion, may grant Stock
Awards for any of the following items of consideration which the Administrator may deem
appropriate in each individual instance: (i) cash or check made payable to the Company, (ii)
past services rendered to the Company (or any Parent or Subsidiary); or (iii) any other valid
consideration under the Delaware General Corporation Law.

          (b) Restrictions. The Administrator, in its sole and absolute discretion, may
impose restrictions in connection with any Stock Award, including without limitation, (i)
imposing a restricted period during which all or a portion of the Shares subject to the Stock
Award may not be sold, assigned, transferred, pledged or otherwise encumbered (the “Restricted
Period”), (ii) providing for a vesting schedule with respect to such Shares such that if a
Grantee ceases to be an Employee, Consultant or Director during the Restricted Period, some or
all of the Shares subject to the Stock Award shall be immediately forfeited and returned to the
Company. The Administrator may, at any time, reduce or terminate the Restricted Period. Each
certificate issued in respect of Shares pursuant to a Stock Award which is subject to
restrictions shall be registered in the name of the Grantee, shall be deposited by the Grantee
with the Company together with a stock power endorsed in blank and shall bear an appropriate
legend summarizing the restrictions imposed with respect to such Shares.

          (c) Rights as a Shareholder. Subject to the terms of any Award Agreement, the
Grantee of a Stock Award shall have all the rights of a shareholder with respect to the Shares
issued pursuant to a Stock Award, including the right to vote such Shares and receive any regular
cash dividends paid on such Shares; provided, however, that dividends (other than regular cash
dividends) or distributions paid with respect to any such Shares which have not vested shall be
deposited with the Company and shall be subject to forfeiture until the underlying Shares have
vested unless otherwise provided by the Administrator in its sole discretion. A Grantee shall
not be entitled to interest with respect to the dividends or distributions so deposited.

     9. Restricted Stock Unit Awards.

          (a) Nature of Award. Each Restricted Stock Unit shall represent the right of the
Grantee to receive a Share or an amount based on the value of a Share. The Administrator shall
determine the number of Restricted Stock Units to be granted and the requirements applicable to
such Restricted Stock Units. All Restricted Stock Units shall be credited to bookkeeping
accounts on the Company’s records for purposes of the Plan.

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          (b) Terms of Restricted Stock Units. The Administrator may grant Restricted Stock Units
that are payable on terms and conditions determined by the Administrator, which may include
payment based on achievement of performance goals or satisfaction of specified service
requirements. Restricted Stock Units may be paid at the end of a specified vesting or
performance period, or payment may be deferred to a date authorized by the Administrator
consistent with the provisions of Code Section 409A. The Administrator may at any time
accelerate the vesting of any Restricted Stock Unit Award.

          (c) Payment. Payment with respect to Restricted Stock Units shall be made in cash,
in shares, or in a combination of the two, as determined by the Administrator.

          (d) Requirement of Employment or Service. The Administrator shall determine in the
Grant Agreement under what circumstances a Grantee may retain Restricted Stock Units after
termination of the Grantee’s Continuous Status as an Employee, Director or Consultant, and the
circumstances under which Restricted Stock Units may be forfeited.

          (e) Rights as a Shareholder. The Grantee shall not have any shareholder rights with
respect to the Shares subject to a Restricted Stock Unit Award until that award vests and the
Shares are actually issued thereunder. However, dividend-equivalent units may be paid or
credited, either in cash or in actual or phantom Shares, on outstanding Restricted Stock Units,
subject to such terms and conditions as the Administrator may deem appropriate.

     10. Performance Awards.

          (a) Generally. The Administrator may grant Performance Awards on the terms and
conditions as the Administrator deems advisable. Performance Awards shall be denominated in
Shares which may be earned upon achievement or satisfaction of one or more performance goals
specified by the Administrator. In addition, the Administrator may specify that any other Award
shall constitute a Performance Award by conditioning the right of a Participant to exercise the
Award or have it settled, and the timing thereof, upon achievement or satisfaction of such
performance conditions as may be specified by the Administrator. The Administrator may use such
business criteria and other measures of performance as it may deem appropriate in establishing
any performance conditions, and may exercise its discretion to reduce or increase the amounts
payable under any Award subject to performance conditions, except as limited under Section 10(b)
in the case of a Performance Award intended to qualify as “performance-based compensation” under
Code Section 162(m).

          (b) Performance Awards Granted to Covered Employees. To the extent the Board
intends for a Performance Award to satisfy the requirements for treatment as “performance-based
compensation” for purposes of Code Section 162(m), such Award will be subject to the terms of
this Section 10(b).

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          (i) Performance Goal Generally. The performance goal for such Performance
Awards shall consist of one or more business criteria specified by the Committee consistent
with this Section 10(b). The performance goal shall be objective and shall otherwise meet
the requirements of Code Section 162(m) and regulations thereunder (including Regulation
1.162-27 and successor regulations thereto), including the requirement that the level or
levels of performance targeted by the Administrator result in the achievement of
performance goals being “substantially uncertain.” Performance goals may differ for
Performance Awards granted to any one Participant or to different Participants.

          (ii) Performance Goals. The Administrator shall use the following performance
measures (either individually or in any combination) to set performance goals with respect
to Awards intended to qualify as Performance Awards: net sales; net revenue; pretax income;
pro forma pretax income; pretax income before allocation of corporate overhead and bonus;
budget; cash flow; net income or earnings per share; net income or operating income; return
on shareholders’ equity; return on assets, capital or investment; the price of the Common
Stock or any other publicly-traded securities of the Company; market share; gross profits;
operating margins; earnings before interest and taxes; earnings before interest, taxes,
depreciation and amortization; earnings before interest, taxes, depreciation, amortization
and stock-based compensation; operating income before depreciation and amortization; sales
or revenue targets; capital or investment; cash flow; cost reduction goals; budget
comparisons; implementation or completion of projects or processes strategic or critical to
the Company’s business operations; completion of targeted acquisitions; entry into new
markets; development of new products and services; measures of customer satisfaction; any
combination of, or a specified increase in, any of the foregoing; and the formation of
joint ventures, marketing or customer service collaborations, or the completion of other
corporate transactions intended to enhance the Company’s revenue or profitability or expand
its customer base. Such performance goals may be stated with respect to the Company as a
whole, or with respect to a specified subsidiary, division or other operational unit.
Moreover, such performance goals may be stated in absolute terms or may be expressed
relative to performance in a specified prior period or to the performance of other
specified enterprises. The measurement of the achievement of any of these goals will be
determined, to the extent applicable, according to generally accepted accounting principles
as in existence on the date on which performance goal or goals were established; provided,
however, to the extent specified by the Committee at the time the performance goals are
established, the measurement of specified performance goals may be subject to adjustment to
exclude items of gain, loss or expense that are determined to be extraordinary or unusual
in nature, infrequent in occurrence, related to a corporate transaction (including, without
limitation, a disposition or acquisition) or related to a change in accounting principle,
all as determined in accordance with standards established by Opinion

14

 

No. 30 of the Accounting Principles Board. Performance goals may include a minimum
threshold level of performance below which no award will be earned, levels of performance
at which specified portions of an award will be earned, and a maximum level of performance
at which an award will be fully earned. The Administrator may provide that, if the actual
level of attainment for any performance objective is between two specified levels, the
amount of the award attributable to that performance objective shall be interpolated on a
straight-line basis. Equitable adjustments will be made to any performance goal related to
Common Stock (e.g., earnings per share) to reflect changes in corporate capitalization,
such as stock splits and reorganizations.

          (iii) Performance Period; Timing for Establishing Performance Goals.
Achievement of performance goals in respect of such Performance Awards shall be measured
over a performance period as specified by the Administrator, which performance period shall
not be less than one month. A performance goal shall be established not later than the
earlier of (A) 90 days after the beginning of any performance period applicable to such
Performance Award or (B) the time at which 25% of such performance period has elapsed. In
all cases, the maximum Performance Award of any Participant shall be subject to the
limitations set forth in Section 3(b).

          (iv) Settlement of Performance Awards; Other Terms. Settlement of such
Performance Awards shall be in cash, Shares, other Awards or other property, in the
discretion of the Administrator. The Administrator may not exercise discretion to increase
any such amount payable to a Covered Employee (as defined in section 162(m)(3) of the Code)
in respect of a Performance Award subject to this Section 10(b).

          (v) Written Determinations. Determinations by the Administrator as to the
establishment of performance goals, the amount potentially payable in respect of
Performance Awards and the actual achievement of the specified performance goals relating
to Performance Awards will be recorded in writing.

          (c) Settlement of Performance Awards. Settlement of Performance Awards shall be in
cash, Shares, other Awards or other property, in the discretion of the Administrator.

          (d) Rights as a Shareholder. The Grantee shall not have any shareholder rights with
respect to the Shares subject to a Performance Award until that award vests and the Shares are
actually issued thereunder. However, dividend-equivalent units may be paid or credited, either
in cash or in actual or phantom Shares, on outstanding Performance Awards, subject to such terms
and conditions as the Administrator may deem appropriate.

15

 

     11. Withholding Taxes. The Company will have the right to take whatever steps the
Administrator deems necessary or appropriate to comply with all applicable federal, state, foreign
and local income and employment tax and other withholding requirements, and the Company’s
obligations to deliver Shares upon the exercise of an Option or SAR or in connection with a Stock
Award, Restricted Stock Unit or Performance Award will be conditioned upon compliance with all such
withholding requirements. Without limiting the generality of the foregoing, the Administrator in
its discretion may authorize the Grantee to satisfy all or part of any withholding liability by (a)
having the Company withhold from the Shares which would otherwise be issued in connection with an
Award that number of Shares having a Fair Market Value, as of the date the withholding liability
arises, equal to or less than the amount of the Company’s withholding liability, or (b) by
delivering to the Company previously-owned and unencumbered Shares having a Fair Market Value, as
of the date the withholding liability arises, equal to or less than the amount of the Company’s
withholding liability.

     12. Adjustments Upon Changes in Capitalization, Dissolution, Change in Control.

          (a) Changes in Capitalization. If any change is made to the outstanding shares of
Common Stock through recapitalization, reclassification, stock combination, stock dividend, stock
split, reverse stock split, spin off (resulting in a substantial reduction in the value of the
outstanding shares of Common Stock), extraordinary corporate distribution or other similar
transaction, an equitable adjustment will be made by the Administrator to (i) the maximum number
and/or class of securities issuable under the Plan, (ii) the maximum number and/or class of
securities issuable as Stock Awards or Restricted Stock Units, (iii) the maximum number and/or
class of securities for which any one person may be granted Awards under the Plan per fiscal
year, (iv) the number and/or class of securities and the exercise or base price per share (or any
other cash consideration payable per share) in effect under each outstanding Option and SAR and
(v) the number and/or class of securities subject to each outstanding Stock Award, Restricted
Stock Unit Award and Performance Award and the cash consideration (if any) payable per share
thereunder. To the extent such adjustments are to be made to outstanding Awards, those
adjustments shall be effected in a manner that shall preclude the enlargement or dilution of
rights and benefits under those Awards. Such adjustment will be made by the Administrator, whose
determination in that respect will be final, binding, and conclusive.

          (b) Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, to the extent that an Award had not been previously exercised or
vested, it will terminate immediately prior to the consummation of such proposed dissolution or
liquidation. In such instance, the Administrator may, in the exercise of its sole discretion,
declare that any Award shall become vested or any Option or SAR will terminate as of a date fixed
by the Administrator and give each Grantee the right to exercise his or her Option or SAR as

16

 

to all or any part of the Shares subject thereto, including Shares as to which the Option
would not otherwise be exercisable.

          (c) Change in Control/Sale of Subsidiary or Business. Except to the extent
otherwise provided in the Optionee’s employment agreement, in the event of a Change in Control or
a sale of a subsidiary or business, the Administrator, may, in its sole discretion, do one or
more of the following: (i) shorten the period during which Options and SARs are exercisable
(provided they remain exercisable for at least 30 days after the date notice of such shortening
is given to the Grantees); (ii) accelerate any vesting schedule to which an Award is subject;
(iii) arrange to have the surviving or successor entity or purchaser entity or any parent entity
thereof assume the Options and SARs or grant replacement options and stock appreciation rights
with appropriate adjustments in the option and base prices and adjustments in the number and kind
of securities issuable upon exercise or adjustments so that the Options and SARs or their
replacements represent the right to purchase or receive the shares of stock, securities or other
property (including cash) as may be issuable or payable as a result of such transaction with
respect to or in exchange for the number of Shares of Common Stock purchasable and receivable
upon exercise of the Options and SARs had such exercise occurred in full prior to such
transaction; (iv) arrange to have the surviving or successor entity or purchaser entity or any
parent entity thereof assume the Restricted Stock Unit Awards or Performance Awards with
appropriate adjustments so that the awards apply to the number and kind of securities into which
the Shares subject to the awards immediately prior to such transaction would have converted in
consummation of such transaction had those Shares been outstanding at that time; (v) assign any
repurchase rights to the surviving or successor entity or purchaser entity or parent thereof;
(vi) cancel Awards upon payment to the Grantees in cash, with respect to each Award to the extent
then exercisable or vested (including, if applicable, any Awards as to which the vesting schedule
has been accelerated as contemplated in clause (ii) above), of an amount that is the equivalent
of the excess of the Fair Market Value of the Common Stock (at the effective time of the merger,
reorganization, sale or other event) over the price payable for the Shares subject to the Award;
or (vii) make such other adjustments to the consideration issuable upon exercise or vesting of
Awards and other terms of the Awards as the Administrator deems appropriate in its sole and
absolute discretion.

          13. Date of Grant. The date of grant of an Award will be, for all purposes, the date
as of which the Administrator makes the determination granting such Award, or any other, later date
determined by the Administrator and specified in the Award Agreement.

          14. Effective Date and Term of the Plan. The Plan will become effective upon its
approval by the shareholders of the Company at the 2007 Annual Shareholders Meeting. Subject to
such approval, it will continue in effect for a term of ten years unless terminated earlier under
Section 15. Unless otherwise provided in this Plan, its termination will not affect the validity
of any Award outstanding at the date of termination, which shall continue to be governed by the
terms of this Plan as though it remained in effect.

17

 

     15. Amendment and Termination of the Plan.

          (a) Amendment and Termination. The Board may at any time amend, alter or suspend or
terminate the Plan. However, shareholder approval will be required for any amendment to the Plan
that (i) materially increases the number of Shares available for issuance under the Plan, (ii)
materially expands the class of individuals eligible to receive Awards under the Plan, (iii)
materially increases the benefits accruing to the Grantees under the Plan or materially reduces
the price at which Shares may be issued or purchased under the Plan, (iv) materially extends the
term of the Plan or (v) expands the types of awards available for issuance under the Plan.

          (b) Effect of Amendment or Termination. No amendment, alteration, suspension or
termination of the Plan will impair the rights of a Grantee, unless mutually agreed otherwise
between the Grantee and the Administrator. Any such agreement must be in writing and signed by
the Grantee and the Company.

     16. Prohibition on Repricing Programs. The Administrator shall not (i) implement any
cancellation/regrant program pursuant to which outstanding Options or SARs under the Plan are
cancelled and new Options or SARs are granted in replacement with a lower exercise or base price
per share, (ii) cancel outstanding Options or SARs under the Plan with exercise prices or base
prices per share in excess of the then current Fair Market Value per share of Common Stock for
consideration payable in equity securities of the Company or (iii) otherwise directly reduce the
exercise price or base price in effect for outstanding Options or SARs under the Plan, without in
each such instance obtaining shareholder approval.

     17. Conditions Upon Grant of Awards and Issuance of Shares.

          (a) The implementation of the Plan, the grant of any Award and the issuance of Shares in
connection with the issuance, exercise or vesting of any Award made under the Plan shall be
subject to the Company’s procurement of all approvals and permits required by regulatory
authorities having jurisdiction over the Plan, the Awards made under the Plan and the Shares
issuable pursuant to those Awards.

          (b) No Shares or other assets shall be issued or delivered under the Plan unless and until
there shall have been compliance with all applicable requirements of Applicable Laws, including
the filing and effectiveness of the Form S-8 registration statement for the Shares issuable under
the Plan, and all applicable listing requirements of any stock exchange on which Common Stock is
then listed for trading.

     18. Liability of Company.

          (a) Inability to Obtain Authority. If the Company cannot, by the exercise of
commercially reasonable efforts, obtain authority from any regulatory body having jurisdiction
for the sale of any Shares under this Plan, and such authority is

18

 

deemed by the Company’s counsel to be necessary to the lawful issuance of those Shares, the
Company will be relieved of any liability for failing to issue or sell those Shares.

          (b) Grants Exceeding Allotted Shares. If Shares subject to an Award exceed, as of
the date of grant, the number of Shares which may be issued under the Plan without additional
shareholder approval, that Award will be contingent with respect to such excess Shares, unless
and until shareholder approval of an amendment sufficiently increasing the number of Shares
subject to this Plan is obtained within twelve (12) months after the date of such amendment.

          (c) Rights of Participants and Beneficiaries. The Company will pay all amounts
payable under this Plan only to the Grantee, or beneficiaries entitled thereto pursuant to this
Plan. The Company will not be liable for the debts, contracts, or engagements of any Grantee or
his or her beneficiaries, and rights to cash payments under this Plan may not be taken in
execution by attachment or garnishment, or by any other legal or equitable proceeding while in
the hands of the Company.

     19. Legending Stock Certificates. In order to enforce any restrictions imposed upon
Common Stock issued in connection with an Award, the Administrator may cause a legend or legends to
be placed on any certificates representing such Common Stock, which legend or legends will make
appropriate reference to such restrictions, including, but not limited to, a restriction against
sale of such Common Stock for any period of time as may be required by Applicable Laws.
Additionally, and not by way of limitation, the Administrator may impose such restrictions on any
Common Stock issued pursuant to the Plan as it may deem advisable.

     20. No Employment Rights. Neither this Plan nor any Award will confer upon a Grantee
any right with respect to continuing the Grantee’s employment or consulting relationship with the
Company, or continuing service as a Director, nor will they interfere in any way with the Grantee’s
right or the Company’s right to terminate such employment or consulting relationship or
directorship at any time, with or without cause.

     21. Governing Law. The Plan will be governed by, and construed in accordance with the
laws of the State of Delaware (without giving effect to conflicts of law principles).

19exv10w1

 

Exhibit 10.1

AMENDED AND RESTATED VOTING AGREEMENT, dated as of November
20, 2007 (the “Agreement”), by and among BRAVOSOLUTION S.P.A., a
corporation organized under the laws of Italy (“Parent”),
VERTICALNET, INC., a Pennsylvania corporation (the “Company”), and
each of the shareholders of the Company listed on Schedule I
to this Agreement (each, a “Shareholder” and, collectively, the
“Shareholders”).

RECITALS

     WHEREAS, as of the date hereof, each Shareholder is the record and beneficial owner of the
number of shares (the “Shares”) of Series B Preferred Stock, par value $.01 per share, of the
Company (the “Company Preferred Stock”) set forth opposite such Shareholder’s name on Schedule
I attached hereto (such Shares, together with any other shares of capital stock of the Company
set forth on Schedule I attached hereto, and any other shares of capital stock acquired by
such Shareholder after the date hereof and during the term of this Agreement (including through the
exercise of any stock options, warrants, convertible preferred stock, or any other convertible or
exchangeable securities or similar instruments of the Company), being collectively referred to
herein as such Shareholder’s “Subject Shares”);

     WHEREAS, Parent, BRAVOSOLUTION U.S.A., INC., a Pennsylvania corporation and a wholly-owned
subsidiary of Parent (“Merger Sub”), and the Company, entered into an Agreement and Plan of Merger,
dated as of October 25, 2007 (as it may be amended or supplemented from time to time, the “Merger
Agreement”), pursuant to which, upon the terms and subject to the conditions thereof, Merger Sub
will be merged with and into the Company, and the Company will be the surviving entity (the
“Merger”) and a wholly-owned subsidiary of Parent;

     WHEREAS, concurrently with the execution and delivery of the Merger Agreement, and as a
condition and material inducement to the Company’s willingness to enter into the Merger Agreement,
Merger Sub entered into a Stock Purchase Agreement with the Company (the “Series C Preferred Stock
Purchase Agreement”), pursuant to the terms of which Merger Sub acquired from the Company on
October 31, 2007, 322,007 shares of the Company’s Series C Preferred Stock (the “Series C Preferred
Stock”);

     WHEREAS, concurrently with the execution and delivery of the Merger Agreement, and as a
condition and material inducement to Parent and Merger Sub’s willingness to enter into the Merger
Agreement and the Series C Preferred Stock Purchase Agreement, the Shareholders entered into a
voting agreement with the Company and Parent, dated as of October 25, 2007 (the “Existing Voting
Agreement”);

     WHEREAS, it was the intention of the parties to the Existing Voting Agreement that no more
than 19.99% of the Company’s outstanding voting power would be subject to Section 2(a), Section
2(b) and Section 7 of the Existing Voting Agreement;

     WHEREAS, the parties to the Existing Voting Agreement wish to amend the Existing Voting
Agreement such that, among others, the Subject Shares of MICHAEL J. HAGAN, an individual resident
in Newtown, Pennsylvania (“Hagan”), and MICHAEL P. McNULTY, an individual resident in Berwyn,
Pennsylvania (“McNulty”), are not subject to Sections 2(a), 2(b) and 7 of the Existing Voting
Agreement (and that any provision or interpretation to the contrary be void ab initio), and that
instead, Hagan and McNulty grant an irrevocable proxy to the Company to vote their Subject Shares,
in connection with the Merger and any other extraordinary corporate transaction, in a manner that
the Company, acting through its Board of Directors, determines in its sole discretion;

     WHEREAS, in addition, the parties to the Existing Voting Agreement wish to amend the Existing
Voting Agreement to (i) revoke all prior proxies given by Hagan and McNulty with respect to their
Subject Shares, (ii) provide for a grant of an irrevocable proxy of Hagan and McNulty’s Subject
Shares to the Company to vote, in connection with the Merger and any other extraordinary corporate
transaction, in a manner that the Company, acting through its Board of Directors, determines in its
sole discretion, and (iii) reflect the issuance of the Series C Preferred Stock and the subsequent
dilution of the percentage of voting stock outstanding of each of the Shareholders.

     NOW, THEREFORE, the parties hereto hereby agree to amend and restate the Existing Voting
Agreement, and the Existing Voting Agreement is hereby amended and restated in its entirety as
follows:

 

 

          Section 1. Defined Terms. Capitalized terms used but not defined herein have the
meanings set forth in the Merger Agreement.

          Section 2. Voting of Shares.

          (a) Voting. For so long as this Agreement is in effect, each Shareholder (other than
Hagan and McNulty) hereby agrees to vote (or cause to be voted) all of such Shareholder’s Subject
Shares, at every annual, special or other meeting of the shareholders of the Company, and at any
adjournment or adjournments thereof, or pursuant to any consent in lieu of a meeting or otherwise:

               (i) in favor of the Merger and the Merger Agreement and adoption of the Plan of Merger,
substantially in the form attached hereto as Exhibit A (the “Plan of Merger”), and the
approval of the other transactions contemplated thereby, and any actions required in furtherance
thereof, including, any class vote from the holders of Company Preferred Stock;

               (ii) against any action or agreement that such Shareholder would reasonably expect to result
in a breach in any material respect of any covenant, representation or warranty or any other
obligation of the Company under the Merger Agreement; and

               (iii) against (A) any extraordinary corporate transaction, such as a merger, rights offering,
reorganization, recapitalization or liquidation involving the Company or any of its subsidiaries
(other than the Merger), (B) a sale or transfer of a material amount of assets or capital stock of
the Company or any of its subsidiaries or (C) any action that is intended, or would reasonably be
expected, to prevent or materially delay or otherwise interfere with the Merger and the other
transactions contemplated by the Merger Agreement.

          (b) Grant of Irrevocable Proxy to Parent. Each Shareholder hereby irrevocably grants
to, and appoints, Parent and any individual who shall hereafter be designated by Parent, and each
of them, such Shareholder’s proxy and attorney-in-fact (with full power of substitution), for and
in the name, place and stead of such Shareholder, to vote, or cause to be voted, such Shareholder’s
Subject Shares, or grant a consent or approval in respect of such Shareholder’s Subject Shares, at
every annual, special or other meeting of the shareholders of the Company, and at any adjournment
or adjournments thereof, or pursuant to any consent in lieu of a meeting or otherwise, with respect
to the matters and in the manner specified in Section 2(a) hereof; provided that the
foregoing proxy shall terminate immediately upon termination of this Agreement in accordance with
its terms. Each Shareholder understands and acknowledges that Parent is entering into the Merger
Agreement in reliance upon the Shareholders’ execution and delivery of this Agreement. Each
Shareholder hereby affirms that the irrevocable proxy set forth in this Section 2(b) is
given in connection with the execution of the Merger Agreement, and that such irrevocable proxy is
given to secure the performance of the duties of such Shareholder under this Agreement. Subject to
this Section 2(b), this grant of proxy is coupled with an interest and may under no
circumstances be revoked. Each Shareholder hereby ratifies and confirms all actions that any proxy
appointed or designated pursuant to this Section 2(b) may lawfully do or cause to be done
in accordance herewith. Such irrevocable proxy is executed and intended to be irrevocable in
accordance with the provisions of Section 1759 of the Pennsylvania Business Corporation Law of
1988, as amended. Upon the execution hereof, all prior proxies given by each Shareholder with
respect to the Shares are hereby revoked and, for so long as this Agreement is in effect, no
subsequent proxies will be given. All references to “Shareholder” in this Section 2(b)
refers in each instance, for purposes of this Section 2(b) only, to all Shareholders other
than Hagan and McNulty whose proxy is given exclusively pursuant to Section 2(d) hereof.

          (c) Grant of Irrevocable Proxy by Parent. Notwithstanding any other provision of this
Agreement to the contrary, it is intended that, and Parent hereby agrees that, Parent shall not
have and exercise voting rights under this Agreement with respect to any Shareholder’s Subject
Shares, if and to the extent such rights, when taken together with voting rights exercisable by
Parent or any of its Affiliates with respect to any other Shares or shares of capital stock of the
Company, would allow Parent to have voting rights with respect to 20% or more of the outstanding
voting capital stock of the Company (any such excess shares, the “Excess Shares”). Parent hereby
irrevocably grants to, and appoints, the Company and any individual who shall hereafter be
designated by the Company, and each of them, Parent’s proxy and attorney-in-fact (with full power
of substitution), for and in the name, place and stead of Parent, to vote, or cause to be voted,
the Excess Shares, or grant a consent or approval in respect thereof, at every annual, special or
other meeting of the shareholders of the Company, and at any adjournment or adjournments thereof,
or pursuant to any consent in lieu of a meeting or otherwise, with respect to

2

 

any matters requiring the vote, consent or approval of such shareholders; provided that the
foregoing proxy shall be exercised as the Company, acting through its Board of Directors,
determines in its sole discretion. Parent hereby affirms that the irrevocable proxy set forth in
this Section 2(c) is given in connection with the execution of the Merger Agreement.
Subject to this Section 2(c), this grant of proxy is coupled with an interest and may under
no circumstances be revoked. Parent hereby ratifies and confirms all actions that any proxy
appointed or designated hereby may lawfully do or cause to be done in accordance herewith. Such
irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of
Section 1759 of the PBCL.

          (d) Grant of Irrevocable Proxy to the Company. Each of Hagan and McNulty hereby,
severally and not jointly, irrevocably grants to, and appoints, the Company and any individual who
shall hereafter be designated by the Company, and each of them, such Shareholder’s proxy and
attorney-in-fact (with full power of substitution), for and in the name, place and stead of such
Shareholder, to vote, or cause to be voted, such Shareholder’s Subject Shares, or grant a consent
or approval in respect of such Shareholder’s Subject Shares, at every annual, special or other
meeting of the shareholders of the Company, and at any adjournment or adjournments thereof, or
pursuant to any consent in lieu of a meeting or otherwise, with respect to (i) the Merger and the
Merger Agreement and adoption of the Plan of Merger, and the other transactions contemplated
thereby, and any actions required in furtherance thereof, including, any class vote from the
holders of Company Preferred Stock; (ii) (A) any extraordinary corporate transaction, such as a
merger, rights offering, reorganization, recapitalization or liquidation involving the Company or
any of its subsidiaries (other than the Merger), or (B) a sale or transfer of a material amount of
assets or capital stock of the Company or any of its subsidiaries; and (iii) any other related
matters requiring the vote, consent or approval of such Shareholder; provided that the foregoing
proxy shall terminate immediately upon termination of this Agreement in accordance with its terms;
and provided further that the foregoing proxy shall be exercised as the Company, acting through its
Board of Directors, determines in its sole discretion. Each of Hagan and McNulty, severally and
not jointly, understands and acknowledges that Parent is entering into the Merger Agreement in
reliance upon their execution and delivery of this Agreement. Subject to this Section
2(d), this grant of proxy is coupled with an interest and may under no circumstances be
revoked. Each of Hagan and McNulty, severally and not jointly, hereby ratifies and confirms all
actions that any proxy appointed or designated hereby may lawfully do or cause to be done in
accordance herewith. Such irrevocable proxy is executed and intended to be irrevocable in
accordance with the provisions of Section 1759 of the Pennsylvania Business Corporation Law of
1988, as amended. Upon the execution hereof, all prior proxies given by Hagan and McNulty with
respect to the Shares are hereby revoked and, for so long as this Agreement is in effect, no
subsequent proxies will be given.

          Section 3. Dissenters’ Rights. Each Shareholder (other than Hagan and McNulty) hereby
waives, and agrees not to, for so long as this Agreement is in effect, exercise or assert, any
dissenters rights or similar rights under Section 1571(b)(2)(ii) of the Pennsylvania Business
Corporation Law of 1988, as amended, 15 Pa. C.S. §§ 1101, et seq. (“PBCL”), in connection with the
Merger.

          Section 4. Fiduciary Responsibilities. No Shareholder executing this Agreement who is
or becomes during the term hereof a director or officer of the Company makes (or shall be deemed to
have made) any agreement or understanding herein in his or her capacity as such director or
officer. Without limiting the generality of the foregoing, each Shareholder signs solely in his,
her or its capacity as the record and/or beneficial owner, as applicable, of such Shareholder’s
Subject Shares and nothing herein shall limit or affect any actions taken by such Shareholder (or a
designee of such Shareholder) in his or her capacity as an officer or director of the Company in
exercising his or her or the Company’s or the Company Board’s rights in connection with the Merger
Agreement or otherwise and such actions shall not be deemed to be a breach of this Agreement.

          Section 5. Representations and Warranties of Shareholder. Each Shareholder, severally
and not jointly, represents and warrants to Parent as follows:

          (a) Binding Agreement. Such Shareholder has the capacity to execute and deliver this
Agreement and to consummate the transactions contemplated hereby. Such Shareholder has duly and
validly executed and delivered this Agreement and this Agreement constitutes a legal, valid and
binding obligation of such Shareholder, enforceable against such Shareholder in accordance with its
terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws affecting creditors’ rights generally and by general equitable
principles (regardless of whether enforceability is considered in a proceeding in equity or at
law).

3

 

          (b) No Conflict. Neither the execution and delivery of this Agreement by such
Shareholder, nor the performance by such Shareholder of its obligations hereunder will, (i) require
any consent, approval, authorization or permit of, registration, declaration or filing (except for
such filings as may be required under the federal securities laws or as would not reasonably be
expected to prevent, materially delay or otherwise materially impair such Shareholder’s ability to
perform its obligations hereunder) with, or notification to, any governmental entity, (ii) if such
Shareholder is an entity, result in a violation of, or default under, or conflict with any
provision of its certificate of incorporation, bylaws, partnership agreement, limited liability
company agreement or similar organizational documents, (iii) result in a violation or breach of, or
constitute (with or without due notice or lapse of time or both) a default (or give rise to any
right of termination, cancellation, or acceleration) under any contract, trust, agreement,
instrument, commitment, arrangement or understanding applicable to such Shareholder or such
Shareholder’s Subject Shares, or result in the creation of a security interest, lien, charge,
encumbrance, equity or claim with respect to any of such Shareholder’s Subject Shares, except, in
the case of clause (iii), as would not reasonably be expected to prevent, materially delay or
otherwise materially impair such Shareholder’s ability to perform its obligations hereunder, (iv)
require any consent, authorization or approval of any Person other than a governmental entity,
except, in the case of clause (iv), as would not reasonably be expected to prevent, materially
delay or otherwise materially impair such Shareholder’s ability to perform its obligations
hereunder or  (v) violate or conflict with any order, writ, injunction, decree, rule, regulation or
law applicable to such Shareholder or such Shareholder’s Subject Shares. If such Shareholder is a
married individual and such Shareholder’s Subject Shares constitute community property or otherwise
need spousal approval in order for this Agreement to be a legal, valid and binding obligation of
such Shareholder, this Agreement has been duly authorized, executed and delivered by, and
constitutes a legal, valid and binding obligation of, such Shareholder’s spouse, enforceable
against such spouse in accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights
generally and by general equitable principles (regardless of whether enforceability is considered
in a proceeding in equity or at law).

          (c) Ownership of Shares. Such Shareholder is the record and beneficial owner of, and
has good, valid and marketable title to, the Shares set forth opposite such Shareholder’s name on
Schedule I attached hereto free and clear of any security interests, liens, charges,
encumbrances, equities, claims, options or limitations of whatever nature and free of any other
limitation or restriction (including any restriction on the right to vote, sell or otherwise
dispose of such Shares). There are no outstanding options or other rights to acquire from such
Shareholder, or obligations of such Shareholder to sell or to dispose of, any of such Shareholder’s
Shares, and none of such Shareholder’s Shares are subject to vesting. Such Shareholder holds
exclusive power to vote the Shares set forth opposite such Shareholder’s name on Schedule I
attached hereto. As of the date of this Agreement, the Shares set forth opposite such
Shareholder’s name on such Schedule I attached hereto represent all of the shares of
capital stock of the Company owned (beneficially or of record) by such Shareholder, except shares
of Company Common Stock which may be acquired by such Shareholder upon exercise of options, if any,
or conversion of the Series B Preferred Stock, if any, held by such Shareholder as set forth in
such Schedule.

          (d) Proxy Statement. Each Shareholder agrees that none of the information relating to
such Shareholder or his, her or its controlled Affiliates provided by or on behalf of such
Shareholder for inclusion in the Proxy Statement will, from the time the Proxy Statement is first
filed with the SEC to the time the Proxy Statement is first published, sent or given to
shareholders of the Company, contain any untrue statement of material fact or omit to state any
material fact required to be stated therein or necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading.

          (e) Broker Fees. No broker, investment banker, financial advisor or other person is
entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission based
upon arrangements made by or on behalf of such Shareholder in connection with its entering into
this Agreement.

          Section 6. Representations and Warranties of Parent. Parent represents and warrants
to the Shareholders as follows:

          (a) Binding Agreement. Parent is a corporation duly incorporated, validly existing
and in good standing under the laws of the Republic of Italy and has full corporate power and
authority to execute and deliver this Agreement and to consummate the transactions contemplated
hereby. The execution and delivery of this Agreement by Parent and the consummation of the
transactions contemplated hereby have been duly and validly authorized by the Board of Directors of
Parent, and no other corporate proceedings on the part of Parent are necessary to authorize the
execution, delivery and performance of this Agreement by Parent and the consummation

4

 

of the transactions contemplated hereby (except as described in Section 4.04 of the Merger
Agreement). Parent has duly and validly executed this Agreement and this Agreement constitutes a
legal, valid and binding obligation of Parent, enforceable against Parent in accordance with its
terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws affecting creditors’ rights generally and by general equitable
principles (regardless of whether enforceability is considered in a proceeding in equity or at
law).

          (b) No Conflict. Neither the execution and delivery by Parent of this Agreement, nor
the performance by Parent of its obligations hereunder will, (i) require any consent, approval,
authorization or permit of, registration, declaration or filing (except for such filings as may be
required under the federal securities laws or as would not reasonably be expected to prevent,
materially delay or otherwise materially impair Parent’s ability to perform its obligations
hereunder) with, or notification to, any governmental entity, (ii) result in a violation of, or
default under, or conflict with any provision of its charter (atto costitutivo) and bylaws
(statuto), (iii) result in a violation or breach of, or constitute (with or without due notice or
lapse of time or both) a default (or give rise to any right of termination, cancellation, or
acceleration) under any contract, trust, agreement, instrument, commitment, arrangement or
understanding applicable to Parent, except, in the case of clause (iii), as would not reasonably be
expected to prevent, materially delay or otherwise materially impair Parent’s ability to perform
its obligations hereunder, (iv) require any consent, authorization or approval of any Person other
than a governmental entity, except, in the case of clause (iv), as would not prevent, materially
delay or otherwise materially impair such Parent’s ability to perform its obligations hereunder or
(v) violate or conflict with any order, writ, injunction, decree, rule, regulation or law
applicable to Parent.

          Section 7. Transfer and Other Restrictions. For so long as this Agreement is in
effect:

          (a) Certain Prohibited Transfers and Purchases. Each Shareholder agrees not to:

               (i) sell, transfer, exchange, pledge, encumber, assign or otherwise dispose (collectively, the
“Transfer”) of, or enter into any contract, option or other arrangement or understanding with
respect to the Transfer of, such Shareholder’s Subject Shares or any interest contained therein
(other than, if the transactions contemplated by the Merger Agreement are consummated, by operation
of law in the Merger);

               (ii) grant any proxies or powers of attorney or enter into a voting agreement or other
arrangement with respect to such Shareholder’s Subject Shares, other than this Agreement;

               (iii) enter into, or deposit such Shareholder’s Subject Shares into, a voting trust or take
any other action which would, or could reasonably be expected to, result in a diminution of the
voting power represented by any of such Shareholder’s Subject Shares;

               (iv) purchase, acquire or accept any shares of capital stock or other equity securities of the
Company or other securities exercisable for or convertible into shares of capital stock or equity
securities of the Company;

               (v) exercise any right to convert any of such Shareholder’s Subject Shares into shares of
Company Common Stock, pursuant to the Description and Designation of Series B Preferred Stock (the
“Statement of Designation”), including Section 6(a) thereof;

               (vi) exercise any right of first refusal to purchase shares of the Company’s capital stock,
warrants or any other securities of the Company, pursuant to the Stock and Warrant Purchase
Agreement, dated as of June 1, 2007, by and among the Company and the purchasers listed therein,
including the Shareholder (the “Series B Purchase Agreement”), including Section 3.1(t) thereof; or

               (vii) commit or agree to take any of the foregoing actions.

          (b) Waiver of Rights. Each Shareholder hereby waives any and all rights such
Shareholder has or may acquire under the Statement of Designation to convert any of such
Shareholder’s Subject Shares into shares of Company Common Stock, to receive any dividends or other
payments, to receive any notices and to purchase shares of Company Common Stock, including without
limitation: (i) any rights under Sections 6(a) and 6(i) of the Statement of Designation to convert
any of such Shareholder’s Subject Shares into shares of Company Common

5

 

Stock using a reduced Conversion Value (as defined in the Statement of Designation) if the
Company fails to complete a Subsequent Financing (as defined in the Statement of Designation) on or
before December 31, 2007; (ii) any rights under Sections 6(a) and 6(g) of the Statement of
Designation to convert any of such Shareholder’s Subject Shares into shares of Company Common
Stock using a reduced Conversion Value if the Company issues additional shares of Company Common
Stock or rights, warrants, options, or other securities convertible into or exchangeable or
exercisable for shares of such Company Common Stock prior to April 15, 2008; (iii) any right under
Section 6(b) of the Statement of Designation to receive an amount equal to the aggregate
Liquidation Preference (as defined in the Statement of Designation) or to convert any of such
Shareholder’s Subject Shares into shares of Company Common Stock arising from the Company’s
execution or performance of the Merger Agreement; and (iv) any rights under Section 3.1(t) of the
Series B Purchase Agreement to purchase shares of the Company’s capital stock, warrants or any
other security of the Company upon the Company’s sale and issuance to Parent or any of its
Affiliates of Series C Preferred Stock or any other securities of the Company.

          (c) Consideration. Each Shareholder hereby acknowledges and agrees that the only
consideration payable in respect of such Shareholder’s Subject Shares shall be as set forth in the
Plan of Merger.

          (d) Efforts. For so long as this Agreement is in effect, each Shareholder agrees not
to take any action which would make any representation or warranty of such Shareholder herein
untrue or incorrect in any material respect or knowingly take any action that would have the effect
of preventing or disabling it from performing its obligations under this Agreement. Subject to
Section 4 hereof, for so long as this Agreement is in effect, each Shareholder shall use
such Shareholder’s reasonable efforts to take, or cause to be taken, all actions (including
executing and delivering such additional documents) and do, or cause to be done, and to assist and
cooperate with the other parties hereto in doing, all things, in each case, as may reasonably be
deemed by Parent to be necessary or desirable to carry out the provisions of this Agreement.

          (e) Additional Shares. In the event (i) of any stock dividend, stock split,
recapitalization, reclassification, combination or exchange of shares of capital stock of the
Company on, of or affecting any Shareholder’s Subject Shares or (ii) any Shareholder becomes the
beneficial owner of any additional shares of capital stock of the Company or other securities
entitling the holder thereof to vote or give consent with respect to the matters set forth in
Section 2(a) hereof, then the terms of this Agreement shall apply to the shares of capital
stock or other securities of the Company held by such Shareholder immediately following the
effectiveness of the events described in clause (i) or such Shareholder becoming the beneficial
owner thereof, as described in clause (ii), as though they were such Shareholder’s Subject Shares
hereunder. Each Shareholder hereby agrees, while this Agreement is in effect, to notify Parent of
the number of any new shares of capital stock of the Company acquired by such Shareholder, if any,
after the date hereof.

          Section 8. No Solicitation. For so long as this Agreement is in effect, no
Shareholder shall, nor shall such Shareholder permit any investment banker, attorney or other
advisor or representative of such Shareholder to, directly or indirectly through another Person,
solicit, initiate or encourage, or take any other action to facilitate, any inquiries or the making
of any proposal that constitutes, or may reasonably be expected to lead to, any Acquisition
Proposal; provided that any action which is permitted by the Merger Agreement to be taken by a
Shareholder in his or her capacity as a director or officer or which is permitted by Section
4 hereof shall not be prohibited by the foregoing; and provided further that this Section
8 shall not apply to Hagan or McNulty.

          Section 9. Specific Enforcement. 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 the terms hereof or were otherwise breached and that the non-breaching party shall
be entitled to specific performance of the terms hereof in addition to any other remedy which may
be available at law or in equity. It is accordingly agreed that the non-breaching party will be
entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement in any state or federal court located in
New York, New York, Borough of Manhattan, the foregoing being in addition to any other remedy to
which they are entitled at law or in equity. In addition, each of the parties hereto (i) consents
to submit itself to the exclusive jurisdiction of any state or federal court located in New York,
New York, Borough of Manhattan, in the event any dispute arises out of this Agreement or any of the
transactions contemplated by this Agreement, (ii) agrees that it will not attempt to deny or defeat
such personal jurisdiction by motion or other request for leave from any such court, and (iii)
agrees that it will not bring any action relating to this Agreement or any of the transactions
contemplated by this Agreement in any court other than a state or federal court located in New
York, New York, Borough of Manhattan. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST
EXTENT

6

 

PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

          Section 10. Termination. This Agreement shall terminate and cease to have any force
or effect on the earlier of (i) the termination of the Merger Agreement in accordance with its
terms, (ii) the written agreement of the parties hereto to terminate this Agreement, or (iii) at
the option of any Shareholder, the execution or granting of any amendment, modification, change or
waiver with respect to the Merger Agreement or the Plan of Merger subsequent to the date of this
Agreement that results in a decrease in the price to be paid with respect to such Shareholder’s
Subject Shares as set forth in the Plan of Merger; provided, however, that (x) Sections 11
(Notices), 13 (Entire Agreement), 14 (Amendment), 15 (Successors and
Assigns), 16 (Execution in Counterparts; Effectiveness), 17 (Governing Law),
18 (Severability), 19 (Interpretation) and 20 (Shareholder Obligations Several
and Not Joint) shall survive any termination of this Agreement and (y) termination of this
Agreement shall not relieve any party from liability for any breach of its obligations hereunder
committed prior to such termination.

          Section 11. Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if delivered personally, mailed by certified
mail (return receipt requested) or sent by overnight carrier or by telecopier (upon confirmation of
receipt) to the parties at the following addresses or at such other as shall be specified by the
parties by like notice: (i) if to Parent or the Company, to the appropriate address set forth in
Section 10.05 of the Merger Agreement; and (ii) if to a Shareholder, to the appropriate address set
forth on Schedule I hereto.

          Section 12. Certain Events. Each Shareholder agrees that this Agreement and the
obligations hereunder shall attach to such Shareholder’s Subject Shares and shall be binding upon
any person or entity to which legal or beneficial ownership of such Shareholder’s Subject Shares
shall pass, whether by operation of law or otherwise, including such Shareholder’s heirs,
guardians, administrators or successors.

          Section 13. Entire Agreement. This Agreement (including the documents and instruments
referred to herein) constitutes the entire agreement and supersedes all other prior agreements and
understandings, both written and oral, among the parties, or any of them, with respect to the
subject matter hereof.

          Section 14. Amendment. This Agreement may not be modified, amended, altered or
supplemented except upon the execution and delivery of a written agreement executed by Parent, the
Shareholders and (with respect to any provisions setting forth rights or obligations of the Company
only) the Company; provided that, with respect to the obligations of any individual Shareholder
under this Agreement, this Agreement may be amended with the approval of such Shareholder and
Parent notwithstanding the failure to obtain the approval of other Shareholders.

          Section 15. Successors and Assigns. This Agreement shall not be assigned by operation
of law or otherwise without the prior written consent of the other parties hereto. This Agreement
will be binding upon, inure to the benefit of and be enforceable by each party and such party’s
heirs, beneficiaries, executors, successors, representatives and permitted assigns.

          Section 16. Execution in Counterparts; Effectiveness. This Agreement may be executed
in any number of counterparts and by different parties hereto in separate counterparts, and
delivered by means of facsimile transmission or otherwise, each of which when so executed and
delivered shall be deemed to be an original and all of which when taken together shall constitute
one and the same agreement. This Agreement shall become effective when counterparts hereof
executed by, or on behalf of, each of the parties hereto shall have been received by Parent.

          Section 17. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS,
INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING
EFFECT TO THE PROVISIONS THEREOF RELATING TO CONFLICTS OF LAW), OTHER THAN TO THE EXTENT
PENNSYLVANIA LAW GOVERNS THE MERGER, THE VALIDITY OF THE VOTING AGREEMENT AND THE GRANT OF
IRREVOCABLE PROXY SET FORTH HEREIN.

7

 

          Section 18. Severability. If any provision of this Agreement shall be held to be
illegal, invalid or unenforceable under any applicable law, then such contravention or invalidity
shall not invalidate the entire Agreement. Such provision shall be deemed to be modified to the
extent necessary to render it legal, valid and enforceable, and if no such modification shall
render it legal, valid and enforceable, then this Agreement shall be construed as if not containing
the provision held to be invalid, and the rights and obligations of the parties shall be construed
and enforced accordingly.

          Section 19. Interpretation. 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. This Agreement has been freely and fairly negotiated among the parties. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if
drafted jointly by the parties and no presumption or burden of proof will arise favoring or
disfavoring any party because of the authorship of any provision of this Agreement. Any reference
to any applicable law will be deemed to refer to such law as in effect on the date hereof and all
rules and regulations promulgated thereunder, unless the context requires otherwise. The words
“include,” “includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender,
and words in the singular form will be construed to include the plural and vice versa, unless the
context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular
subdivision unless expressly so limited.

          Section 20. Shareholder Obligations Several and Not Joint. The obligations of each
Shareholder hereunder shall be several and not joint and no Shareholder shall be liable for any
breach of the terms of this Agreement by any other Shareholder.

8

 

          IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be signed,
individually or by its respective officer thereunto duly authorized, as of the date first written
above.

	 	 	 	 	 
	 	BRAVOSOLUTION S.P.A.

 	 
	 	By:  	/s/ Federico Vitaletti
 	 
	 	 	Name:  	Federico Vitaletti 	 
	 	 	Title:  	Chief Executive Officer 	 
	 
	 	VERTICALNET, INC.

 	 
	 	By:  	/s/
Christopher Kuhn
 	 
	 	 	Name:  	Christopher Kuhn 	 
	 	 	Title:  	Vice President and General Counsel 	 

9

 

	 	 	 	 	 

	 	 	 	 	 
	 	RUXTON VENTURES LLC

 	 
	 	By:  	/s/ Mark L. Walsh
 	 
	 	 	Name:  	Mark L. Walsh 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	HELLER CAPITAL INVESTMENTS

 	 
	 	By:  	/s/ Ronald Heller
 	 
	 	 	Name:  	Ronald Heller 	 
	 	 	Title:  	CIO 	 
	 
	 	OCTAGON CAPITAL PARTNERS

 	 
	 	By:  	/s/ Stera Hess
 	 
	 	 	Name:  	Stera Hess 	 
	 	 	Title:  	General Partner 	 
	 
	 	ACT CAPITAL PARTNERS, L.P.

 	 
	 	By:  	/s/ Amir L Ecker
 	 
	 	 	Name:  	Amir L Ecker 	 
	 	 	Title:  	General Partner 	 
	 

	 	 	 
	/s/ Michael J. Hagan

	 	/s/ Joyce Hagan
	 

	 	 
	Michael J. Hagan

	 	Spouse
	 
	 	 
	/s/ Michael P. McNulty

	 	/s/ Denise McNulty
	 

	 	 
	Michael P. McNulty

	 	Spouse
	 
	 	 
	/s/ Nathanael V. Lentz

	 	/s/ Suzanne Lentz
	 

	 	 
	Nathanael V. Lentz

	 	Spouse
	 
	 	 
	/s/ Amir L Ecker

	 	/s/ Maria Ecker
	 

	 	 
	Amir L Ecker

	 	Spouse
	 
	 	 
	/s/ Jacqueline Chakejian

	 	/s/ Richard Chakejian
	 

	 	 
	Jacqueline Chakejian

	 	Spouse
	 
	 	 
	/s/ David S. Nagelberg

	 	/s/ Linda Nagelberg
	 

	 	 
	David S. Nagelberg CGM IRA Custodian

	 	Spouse

10

 

SCHEDULE I TO

VOTING AGREEMENT

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Number of Shares of	 	Number of Other	 	 
	 	 	Company Preferred	 	Shares of Company	 	Percentage of Voting
	Name and Address of Shareholder	 	Stock	 	Stock	 	Stock Outstanding1
	Nathanael V. Lentz
	 	 	200,000	 	 	 	4,679	 	 	 	0.93	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ruxton Ventures LLC
	 	 	200,000	 	 	 	0	 	 	 	0.74	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Michael J. Hagan2
	 	 	1,000,000	 	 	 	4,010	 	 	 	3.88	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Michael P. McNulty2
	 	 	1,000,000	 	 	 	383	 	 	 	3.74	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Heller Capital Investments
	 	 	4,000,000	 	 	 	0	 	 	 	7.03	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Amir L. Ecker
	 	 	300,000	 	 	 	0	 	 	 	1.12	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ACT Capital Partners, L.P.
	 	 	500,000	 	 	 	0	 	 	 	1.86	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Jacquline Chakejian
	 	 	400,000	 	 	 	0	 	 	 	1.49	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Octagon Capital Partners
	 	 	100,000	 	 	 	0	 	 	 	0.37	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	David S. Nagelberg CGM IRA
	 	 	1,000,000	 	 	 	0	 	 	 	3.72	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	8,700,000	 	 	 	9,072	 	 	 	17.27	%3
	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	1	 	Based on 2,542,309 shares outstanding, which is comprised of (i)
1,610,845 shares of common stock, (ii) 623,875 shares of Series B Preferred
entitled to vote pursuant to the Voting Cap set forth in Series B Designation
of Rights, and (iii) 307,589 shares of Series C Preferred entitled to vote
pursuant to the Voting Cap set forth in Series C Designation of Rights.
	 
	2	 	Such Shareholder is not subject to Section 2(a),
Section 2(b) or Section 8 of this Agreement.
	 
	3	 	Based on the shares outstanding that are subject to Section
2(a), Section 2(b) and Section 8 of this Agreement.

11

 

EXHIBIT
A

PLAN
OF MERGER

PLAN OF MERGER

OF

BRAVOSOLUTION U.S.A., INC.

(a Pennsylvania corporation)

WITH AND INTO

VERTICALNET, INC.

(a Pennsylvania corporation)

     This PLAN OF MERGER (the “Plan of Merger”) is dated as of October                     , 2007
by and among BravoSolution S.P.A., a corporation organized under the laws of Italy
(“Bravo”), BravoSolution U.S.A., Inc., a Pennsylvania corporation and a wholly-owned
subsidiary of Bravo (“BravoSolution”), and Verticalnet, Inc., a Pennsylvania corporation
(the “Company”, and together with each of Bravo and BravoSolution, each a “Party”
and collectively, the “Parties”).

RECITALS

     WHEREAS, the Parties are parties to that certain Agreement of Merger, dated as of October 
, 2007 (the “Merger Agreement”) by and among the Company, BravoSolution and Bravo;
and

     WHEREAS, pursuant to the Merger Agreement, at the closing of the Merger (the
“Closing”), BravoSolution will merge with and into the Company (the “Merger”) with
the Company as the surviving corporation (the “Surviving Corporation ”); and

     WHEREAS, the Board of Directors of each of the Company and BravoSolution has approved and
adopted the Plan of Merger in accordance with the Pennsylvania Business Corporation Law of 1988, as
amended (“PBCL”).

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

     1. Parties to Merger. Bravo, BravoSolution and the Company shall effect the Merger in
accordance with and subject in all respects to the terms and conditions of the Merger Agreement. In
the event of any conflict between the Plan of Merger and the Merger Agreement, the Merger Agreement
shall govern.

     2. Merger; Governing Law. At the Effective Time (as defined in Section 3 hereof),
upon compliance with the applicable provisions of the PBCL, BravoSolution shall be merged with and
into the Company with the Company as the Surviving Corporation, and the separate existence of
BravoSolution shall cease. The Surviving Corporation shall continue to be governed by the laws of
the Commonwealth of Pennsylvania.

     3. Filing and Effective Time. On the date of the Closing, the Parties shall file
Articles of Merger with the Department of State of the Commonwealth of Pennsylvania in accordance
with Section 1926 of the PBCL. The Merger shall become effective upon filing of the Articles of
Merger with the Department of State of the Commonwealth of Pennsylvania or at such subsequent date
and time as Bravo and the Company shall agree and as shall be specified in the Articles of Merger
in accordance with the relevant provisions of the PBCL (the “Effective Time”).

     4. Articles of Incorporation. At the Effective Time, the Articles of Incorporation of
the Company shall be amended and restated to read in their entirety as the Articles of
Incorporation of BravoSolution as in effect immediately prior to the Effective Time and, as so
amended, shall be the Articles of Incorporation of the Surviving Corporation after the Effective
Time until thereafter amended in accordance therewith and with applicable law, and

 

 

the Surviving Corporation shall continue to be a corporation organized and governed by the
laws of the Commonwealth of Pennsylvania.

     5. Bylaws. At the Effective Time, the Bylaws of BravoSolution as in effect
immediately prior to the Effective Time shall be the Bylaws of the Surviving Corporation until
thereafter altered, amended or repealed in the manner therein provided or provided by applicable
law.

     6. Board of Directors and Officers. At the Effective Time, the directors of
BravoSolution immediately prior to the Effective Time shall be the directors of the Surviving
Corporation and, unless otherwise directed by Bravo in writing, the officers of the Company
immediately prior to the Effective Time will be the officers of the Surviving Corporation; each
such director and officer shall hold office until their respective successors are duly elected and
qualified or until their death resignation or removal, in accordance with the Articles of
Incorporation and Bylaws of the Surviving Corporation and applicable law.

     7. Effect of Merger. At the Effective Time, the Merger shall have the effect set
forth in Section 1929 of the PBCL and any other applicable provision of the PBCL.

     8. Merger Consideration. At the Closing, by virtue of the Merger and without any
action by the holder thereof, (a) each outstanding share of the Company’s common stock, par value
$0.01 per share (the “Company Common Stock”), issued and outstanding immediately prior to
the Effective Time, other than shares held directly or indirectly by the Company, BravoSolution or
Bravo, will be converted into the right to receive $2.56 per share in cash, without interest (the
“Common Consideration”), and (b) each outstanding share of Series B Preferred Stock (the
“Series B Preferred Stock”) issued and outstanding immediately prior to the Effective Time,
other than shares held directly or indirectly by the Company, will be converted into the right to
receive either $0.38750 or $0.26875 per share in cash (in accordance with Section 10 below),
without interest (the “Series B Consideration” and, together with the Common Consideration,
the “Merger Consideration”).

     9. Effect on Stock. At the Effective Time by virtue of the Merger and without any
action on the part of the holder thereof, (a) each share of Company Common Stock held by the
Company as treasury stock and each share of Company Common Stock and Series C Preferred Stock owned
directly or indirectly by BravoSolution or Bravo immediately prior to the Effective Time, if any,
shall be canceled and retired and shall cease to exist, and no payment or distribution shall be
made or delivered with respect thereto, and each holder of a certificate which immediately prior to
the Effective Time represented such share (a “Certificate”) shall thereafter cease to have
any rights with respect to such share; (b) each share of common stock, par value $0.01 per share,
of BravoSolution issued and outstanding immediately prior to the Effective Time shall be converted
into one share of common stock, par value $0.01 per share, of the Surviving Corporation; and (c) if
prior to the Effective Time, the Company should split, combine or otherwise reclassify any shares
of Company Common Stock or Series B Preferred Stock (collectively, the “Shares”), or pay a
stock dividend or other stock distribution on any of the Shares, or otherwise change any of the
Shares into any other securities, or make any other such stock dividend or distribution in capital
stock of the Company in respect of any of the Shares, then the Merger Consideration payable for any
of such Shares pursuant to this item or the next will be appropriately adjusted to reflect such
split, combination, dividend or other distribution or change

     10. Treatment of Series B Preferred Stock.

          (a) Each share of the Company’s Series B Preferred Stock issued and outstanding immediately
prior to the Effective Time held by the Investor Purchasers (as defined in the Company’s
Description and Designation of Series B Preferred Stock) shall be cancelled and automatically
converted into the right to receive $0.38750 per share in cash.

          (b) Each share of the Company’s Series B Preferred Stock issued and outstanding immediately
prior to the Effective Time held by the Non-Investor Purchasers (as defined in the Company’s
Description and Designation of Series B Preferred Stock) issued shall be cancelled and
automatically converted into the right to receive $0.26875 per share in cash.

 

 

     11. Counterparts. This Plan of Merger may be executed in two or more counterparts,
each of which will be deemed an original but all of which together will constitute one and the same
instrument, and delivered by means of a facsimile or portable document format (pdf) transmission.
This Plan of Merger will become effective when one or more counterparts have been signed by each of
the parties and delivered to the other parties. For purposes of determining whether a party has
signed this Plan of Merger or any document contemplated hereby or any amendment or waiver hereof,
only a handwritten original signature on a paper document or a facsimile copy of such a handwritten
original signature shall constitute a signature, notwithstanding any applicable law relating to or
enabling the creation, execution or delivery of any contract or signature by electronic means.

 

 

          IN WITNESS WHEREOF, each party has caused this Plan of Merger to be duly executed as of the
date first written above.

	 	 	 	 	 
	 	BRAVOSOLUTION, S.P.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BRAVOSOLUTION U.S.A., INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	VERTICALNET, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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