Document:

Exhibit 10.11

 

VOTING
AND PROXY AGREEMENT

 

VOTING AND PROXY
AGREEMENT, dated as of June 28, 2004 (this “Agreement”) among The
Thomson Corporation, a Delaware corporation (“Parent”), and each other
person and entity listed on the signature pages hereof (each, a “Stockholder”).

 

RECITALS

 

WHEREAS, as of the
date hereof, each Stockholder owns beneficially the number of shares of common
stock, $0.01 par value (the “Common Stock”), of Information Holdings
Inc., a Delaware corporation (the “Company”), set forth opposite such
Stockholder’s name on Schedule I hereto (all such shares owned and
which may hereafter be acquired by such Stockholder during the Term (as
hereinafter defined), whether upon the exercise of options or by means of
purchase, dividend, distribution or otherwise, being referred to herein as the
“Shares”);

 

WHEREAS, Parent,
Thyme Corporation, a Delaware corporation and a subsidiary of Parent (“Merger
Sub”), and the Company have entered into an Agreement and Plan of Merger
dated as of the date hereof (as it may be amended or supplemented from time to
time, the “Merger Agreement”) which provides, upon the terms and subject
to the conditions set forth therein, for the merger of Merger Sub with and into
the Company (the “Merger”); and

 

WHEREAS, as a condition
to the willingness of Parent and Merger Sub to enter into the Merger Agreement
and in furtherance of the acquisition of the Company by Parent, Parent and
Merger Sub have required that the Stockholders agree, and in order to induce
Parent and Merger Sub to enter into the Merger Agreement, each Stockholder has
agreed, severally and not jointly, to enter into this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing premises and agreements contained herein, the
parties hereto agree as follows:

 

ARTICLE I.

TRANSFER AND VOTING OF SHARES

 

1.1.                              Voting Agreement.  Each Stockholder hereby agrees that from the
date hereof until the termination of this Agreement pursuant to
Section 5.13 hereof (the “Term”), at any meeting of the
stockholders of the Company, however called, and in any action by written
consent of the stockholders of the Company, such Stockholder shall vote the
Shares (A) in favor of the Merger, the Merger Agreement (as amended from time
to time) and the transactions contemplated by the Merger Agreement and any
actions required in furtherance thereof and (B) against any Takeover
Proposal and any action, proposal, transaction or agreement that would result
in a breach in any respect of any covenant, representation or warranty or any other
obligation or agreement of the Company under the Merger Agreement or of such
Stockholder under this Agreement, and (C) against any other action or proposal
involving the Company or any of its Subsidiaries that is intended, or could
reasonably be expected, to prevent, impede, interfere with, delay, postpone,
frustrate, nullify or adversely affect any provision of the Merger Agreement,
this Agreement or any other agreement relating to the transactions contemplated
by the Merger Agreement, the Merger or any other transaction contemplated by
the Merger

 

 

Agreement or
this Agreement.  Any such vote shall be
cast or consent shall be given in accordance with such procedures relating
thereto so as to ensure that it is duly counted for purposes of determining
that a quorum is present and for purposes of recording the results of such vote
or consent.  Each Stockholder agrees not
to enter into any agreement or commitment the effect of which would not be in
accordance or inconsistent with the provisions and agreements contained in this
Agreement.

 

1.2.                              Proxy.

 

(a)                                  Each
Stockholder, by this Agreement, with respect to its Shares, does hereby
constitute and appoint Parent, or any nominee of Parent, with full power of
substitution, at any time during the Term, as its true and lawful attorney and
proxy (its “Proxy”), for and in its name, place and stead, to vote, or
cause to be voted, each of such Shares as its Proxy, at every annual, special
or other meeting, including any adjournments or postponements thereof, of the
stockholders of the Company for the purpose of considering any matter referred
to in Section 1.1 (including the right to sign its name (as stockholder)
to any consent, certificate or other document relating to the Company that the
law of the State of Delaware may permit or require).

 

(b)                                 THIS
POWER OF ATTORNEY IS IRREVOCABLE, IS GRANTED IN CONSIDERATION OF PARENT AND
MERGER SUB ENTERING INTO THE MERGER AGREEMENT AND IS COUPLED WITH AN INTEREST SUFFICIENT IN LAW TO SUPPORT AN
IRREVOCABLE POWER.  This appointment shall
revoke all prior powers of attorney and proxies appointed by any Stockholder at
any time with respect to the Shares and no subsequent powers of attorney or
proxies will be appointed by such Stockholder, or be effective, with respect
thereto during the term of this Agreement. 
Except as otherwise provided for herein, each Stockholder hereby
(A) ratifies and confirms all that the proxies appointed hereunder may
lawfully do or cause to be done by virtue hereof and (B) affirms that such
irrevocable proxy is executed and intended to be irrevocable in accordance with
the provisions of Section 212(e) of the DGCL.

 

ARTICLE II.

 

REPRESENTATIONS
AND WARRANTIES OF THE STOCKHOLDERS

 

Each Stockholder, severally and not jointly, hereby represents and
warrants to Parent as follows:

 

2.1.                              Due Organization and Authorization.  If such Stockholder is a corporation or
partnership, (A) it is duly organized, validly existing and in good standing
under the laws of its organization or formation and has all requisite power to
execute and deliver this Agreement, to appoint Parent as its Proxy, to
consummate the transactions contemplated hereby and to carry out its
obligations hereunder and (B) the execution and delivery of this Agreement, the
appointment of Parent as such Stockholder’s Proxy and the consummation of the
transactions contemplated hereby have been duly authorized by all necessary
action on the part of such Stockholder. 
This Agreement has been duly executed and delivered by or on behalf of
such Stockholder and, assuming its due authorization, execution and delivery by
Parent, constitutes a

 

2

 

legal, valid
and binding obligation of such Stockholder, enforceable against such
Stockholder in accordance with its terms.

 

2.2.                              No Conflicts, Required Filings and Consents.

 

(a)                                  The
execution and delivery of this Agreement by such Stockholder does not, and the
performance of such Agreement by such Stockholder will not, (A) conflict with,
contravene or violate any law, regulation, court order, judgment or decree
applicable to such Stockholder or by which such Stockholder or any of such
Stockholder’s property is bound or affected, (B) in the case of any partnership
or corporation, violate or conflict with its organizational documents or (C)
require any consent under or result in any violation or breach of or constitute
a default (or an event which with notice or lapse of time or both would become
a default) under, or give to others any rights of termination, cancellation or
acceleration of, or result in the creation of a lien or Encumbrance (as
hereinafter defined) on any of the property or assets of such Stockholder,
including the Shares, pursuant to any contract, instrument, permit, license,
franchise or understanding to which such Stockholder is a party or by which
such Stockholder or such Stockholder’s property is bound or affected, except
for any conflicts, violations, breaches or defaults, terminations,
cancellations or rights of terminations or cancellation, which, assuming the
exercise of any rights of termination or cancellation, for any such breaches,
defaults or other occurrences that would not prevent or delay the performance
by such Stockholder of its obligations under this Agreement.

 

(b)                                 The
execution and delivery of this Agreement by such Stockholder does not, and the
performance of this Agreement by such Stockholder will not, require any waiver,
consent, approval or authorization of any Governmental Entity, except for (A)
any information filings required, if any, under Sections 13 and 16 of the
Exchange Act and (B) termination of any waiting period applicable under any
Antitrust Law.

 

2.3.                              Title to Shares.  Each Stockholder is the sole, record and beneficial owner of its
Shares, free and clear of any pledge, lien, security interest, mortgage,
charge, claim, equity, option, proxy, voting restriction, right of first
refusal, limitation on disposition, adverse claim of ownership or use or
encumbrance of any kind (“Encumbrances”), except as may arise pursuant
to this Agreement.  Each Stockholder has
sole right and power to vote or to dispose its Shares, without any limitations,
qualifications or restrictions except for restrictions on transfer under the
Securities Act.  The shares listed on Schedule I
constitute all of the Shares of each Stockholder and, except as set forth in Schedule I,
such Stockholder does not own or hold (beneficially or of record) (A) any
additional shares, or any options to purchase or right to acquire any
additional shares, of capital stock or other securities issued by the Company,
or any interest therein, or (B) any voting rights with respect to any shares of
capital stock or other securities of the Company.   The Shares do not constitute community property or otherwise
need spousal approval in order for this Agreement to be a legal, valid and
binding obligation of such Stockholder.

 

ARTICLE III.

 

REPRESENTATIONS
AND WARRANTIES OF PARENT

 

Parent represents and warrants to each Stockholder as follows:

 

3

 

3.1.                              Due Organization and Authorization.  Parent is a corporation duly organized,
validly existing and in good standing under the laws of the state of its
incorporation.  Parent has all requisite
corporate power to execute and deliver this Agreement, to consummate the
transactions contemplated hereby and to carry out its obligations
hereunder.  The execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby
have been duly authorized by all necessary corporate action on the part of
Parent.  This Agreement has been duly
executed and delivered by Parent and, assuming its due authorization, execution
and delivery by each Stockholder, constitutes a legal, valid and binding
obligation of Parent, enforceable against Parent in accordance with its terms.

 

ARTICLE IV.

 

COVENANTS
OF STOCKHOLDERS

 

4.1.                              Non-Solicitation.  Each Stockholder covenants and agrees that
in its capacity as a stockholder of the Company, it shall direct and use
reasonable efforts to cause its partners, officers, directors, representatives
and agents (“Representatives”) to immediately cease any discussions or
negotiations with any Third Party that may be ongoing with respect to a
Takeover Proposal.  Each Stockholder
covenants and agrees that in its capacity as a stockholder of the Company it
shall not, nor shall it permit or authorize any of its Representatives to,
directly or indirectly, (A) solicit, initiate or encourage any inquiries
or the making of any proposal which constitutes, or may reasonably be expected
to lead to, any Takeover Proposal or (B) participate in any discussions or
negotiations regarding any Takeover Proposal.

 

4.2.                              Notice. 
Each Stockholder will promptly advise Parent orally or in writing of any
request for information or of any Takeover Proposal received by such
Stockholder (in its capacity as a stockholder of the Company) and the material
terms and conditions of such request or Takeover Proposal, provided, however,
that any notification by the Board of Directors of the Company (the “Board”)
to Parent pursuant to the Merger Agreement regarding the same request for
information or Takeover Proposal shall satisfy the Stockholders’ obligations
under this Section 4.2.

 

4.3.                              No Disposition or Encumbrance of Shares and Options.  Each Stockholder hereby covenants and agrees
that, during the Term, it shall not, and shall not offer or agree to, sell,
transfer, tender, assign, hypothecate or otherwise dispose of, or create or
permit to exist any Encumbrance on, the Shares owned by such Stockholder during
the Term.

 

4.4.                              Waiver of Appraisal Rights.  Each Stockholder hereby waives any rights of
appraisal or rights to dissent from the Merger under Section 262 of the
DGCL.

 

4.5.                              Further Assurances.  Each Stockholder shall perform such further
acts and execute such further documents and instruments as may reasonably be
required to vest in Parent the power to carry out and give effect to the
provisions of this Agreement.  Each
Stockholder shall not, nor shall such Stockholder act in concert with any
Person to, make or in any manner participate in, directly or indirectly, a
“solicitation” of “proxies” (as such terms are used in the Exchange Act) or
powers of attorney or similar rights to vote, or seek to advise or influence
any Person with respect to the voting of, the Shares or any other shares of
capital stock of the Company in connection with any vote or other action on any
matter, other than to recommend

 

4

 

that
stockholders of the Company vote in favor of the Merger and the Merger
Agreement and otherwise as expressly provided by Section 1 of this
Agreement.  Other than as provided by
Section 1 of this Agreement, each Stockholder shall not, nor shall such Stockholder
act in concert with any Person to, (A) deposit the Shares in a voting trust or
subject any of the Shares to any contract, agreement, option, arrangement or
understanding with any Person with respect to the voting of such Shares or (B)
grant any proxy or power of attorney with respect to the Shares.   Each Stockholder shall not issue any press
release or make any other public statement with respect to the Merger Agreement
or this Agreement or the Merger or any other transaction contemplated by the
Merger Agreement, without the prior written consent of Parent, except as may be
required by any applicable law.  Each
Stockholder hereby gives any consents or waivers that are reasonably required
for the consummation of the Merger under the terms of any agreement to which
such Stockholder is a party or pursuant to any rights such Stockholder may have
in its capacity as a stockholder of the Company.  Such Stockholder hereby permits the Company to publish and
disclose in the Proxy Statement such Stockholder’s identity and ownership of
the Shares and the nature of such Stockholder’s commitments, arrangements and
understandings under this Agreement.

 

4.6.                              Release. 
Notwithstanding anything to the contrary in Section 6.8 of the
Merger Agreement, each Stockholder on behalf of himself or itself and his or
its successors, assigns and Affiliates, with respect to each and every Claim
that such Stockholder (or any of such Persons) may have had prior to, or may at
or following the Effective Time have, against any of the Releasees (A)
effective as of the Effective Time, irrevocably, unconditionally and completely
releases, acquits and forever discharges each of the Releasees from any such
Claim, and irrevocably, unconditionally and completely waives and relinquishes
such Claim and (B) effective as of the date hereof, covenants not to sue or
make any kind of demand or provide any kind of notice or undertaking with
respect to any such Claim.  “Releasees”
means (A) Parent; (B) the Company; (C) each Subsidiary of the Company, (D) each
Affiliate of Parent and, after the Effective Time, of the Company; and (E) the
successors, assigns and past, present and future directors, officers, agents,
attorneys and representatives of the respective entities identified or
otherwise referred to in clauses (A) through (D) of this definition.  “Claim” means any dispute, claim,
suit, right, damages, judgments, expenses, affirmative defenses, actions and
causes of action of every kind and nature, in law, equity or otherwise, that
relates to the matters set forth on Schedule II, whether brought
pursuant to common law, statute, agreement, any insurance policy held by the
Company or any of its Subsidiaries, the Certificate of Incorporation, Bylaws or
similar organizational documents of the Company or any of its Subsidiaries, the
DGCL or otherwise.  Each Stockholder
acknowledges that the releases set forth in this Section 4.6 have provided
a material inducement to Parent’s willingness to enter into the Merger
Agreement and without such releases Parent would not have been willing to enter
into the Merger Agreement, which agreement provides to the Stockholders
substantially benefit and accordingly each Stockholder willingly grants this
release in consideration therefor and for other good and valuable
consideration, receipt of which is hereby acknowledged.

 

5

 

ARTICLE V.

 

MISCELLANEOUS

 

5.1.                              Definitions.  All capitalized terms used but not otherwise defined in this
Agreement have the meanings assigned to such terms in the Merger Agreement.

 

5.2.                              Non-Survival of Representations, Warranties and
Agreements.  Upon termination
of this Agreement, as further set forth in Section 5.13 hereof, all
representations, warranties and agreements made by the parties to this
Agreement shall terminate; provided, that the provision set forth in
Section 4.6 shall survive termination upon the Effective Time and the
provisions of this Article V hereof shall survive any termination of this
Agreement.

 

5.3.                              Expenses. 
Except as otherwise provided herein, all costs and expenses incurred in
connection with the transactions contemplated by this Agreement shall be paid
by the party incurring such costs and expenses.

 

5.4.                              Notices. 
All notices and other communications given or made pursuant hereto shall
be in writing and shall be deemed to have been duly given or made (A) as of the
date delivered or sent by facsimile if delivered personally or by facsimile,
confirmation received, (B) on the first Business Day following the date of
dispatch if delivered by a recognized next-day courier service and (C) on the
third Business Day after deposit in the U.S. mail, if mailed by registered or
certified mail (postage prepaid, return receipt requested), in each case to the
parties at the following addresses (or at such other address for a party as
shall be specified by like notice, except that notices of changes of address
shall be effective upon receipt):

 

If to a Stockholder, at the address or facsimile number of such
Stockholder set forth on Schedule I, with a copy (which shall not
constitute notice) to:

 

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY  10019

Attention:  Steven J. Gartner,
Esq.

Facsimile No.:  (212) 728-9222

 

If to Parent:

The Thomson Corporation

Metro Center

One Station Place

Stamford, Connecticut  06902

Attention: Carl Tobiasen

Facsimile: (203) 539-7552

 

With a copy
(which shall not constitute notice) to:

 

Covington & Burling

1330 Avenue of the Americas

New York, New York  10019

 

6

 

Attention: J. D. Weinberg, Esq.

Facsimile No.:   (646)
441-9037

 

and

 

The Thomson Corporation

Metro Center

One Station Place

Stamford, Connecticut  06902

Attention: Darren Pocsik, Esq.

Facsimile No.:  (203) 357-9762

 

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

 

5.6.                              Counterparts.  This Agreement may be executed by the parties hereto in separate
counterparts (including by facsimile), each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute one and the same instrument.

 

5.7.                              Amendment and Waiver.  This Agreement may not be amended, except by
an instrument in writing signed by the parties hereto, and any provision herein
may not be waived by any party except as set forth in an instrument in writing
signed by such party.

 

5.8.                              Assignment, Binding Effect.  Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned by any of the
parties hereto (whether by operation of law or otherwise) without the prior
written consent of the other parties. 
Subject to the preceding sentence, this Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their respective
successors and assigns.  Notwithstanding
anything contained in this Agreement to the contrary, nothing in this Agreement,
expressed or implied, is intended to confer on any person other than the
parties hereto or their respective successors and assigns any rights, remedies,
obligations or liabilities under or by reason of this Agreement.

 

5.9.                              Specific Performance.  The parties hereto agree that irreparable
damage would occur in the event that any of the provisions of this Agreement
was not performed in accordance with its specific terms or was otherwise
breached.  It is accordingly agreed that
the parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions
hereof in any Delaware Court, this being in addition to any other remedy to
which they are entitled at law or in equity.

 

7

 

5.10.                        Governing Law.  This agreement shall be governed by, and construed in accordance,
with the laws of the State of Delaware, without regard to its rules of conflict
of laws.

 

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

 

5.12.                        Stockholder’s Capacity.  Except for the provisions set forth in
Section 4.6, notwithstanding any provision of this Agreement to the
contrary, each Stockholder executes this Agreement in his capacity as the
beneficial owner of such Stockholder’s Shares. 
Except for the provisions set forth in Section 4.6, no Stockholder
nor any of its Representatives who is an officer or member of the Board shall
be deemed to have made any agreement or understanding in this Agreement,
including but not limited to those agreements set forth in Sections 4.1 and
4.2, in his capacity as such officer or member of the Board.  Without limiting the generality of the
foregoing, except for the provisions set forth in Section 4.6, nothing in
this Agreement, including without limitation Sections 4.1 and 4.2, shall
prevent or in any way limit such person from taking any action in his capacity
as an officer or member of the Board, including without limitation any actions
permitted under Section 5.2 and Section 6.1 of the Merger Agreement.

 

5.13.                        Termination.  This Agreement shall terminate and be of no further force and
effect, (A) by the written mutual consent of the parties hereto, (B) automatically
and without any required action of the parties hereto upon the Effective Time,
(C) upon Termination of the Merger Agreement in accordance with its terms or
(D) with respect to any Stockholder, any amendment to the Merger Agreement that
reduces the amount of the Merger Consideration; provided, that the
provision set forth in Section 4.6 shall survive termination upon the
Effective Time and the provisions of this Article V hereof shall survive
any termination of this Agreement; and provided, further  that no such termination shall relieve any party of
liability for a willful breach hereof prior to termination.

 

5.14.                        Entire Agreement.  This Agreement and any documents delivered
by the parties in connection herewith constitute the entire agreement among the
parties with respect to the subject matter hereof and supersede all prior
agreements and understandings among the parties with respect thereto.

 

5.15.                        Waiver of Jury Trial.  Each party hereto hereby waives, to the fullest extent
permitted by applicable law, any right it may have to a trial by jury in
respect of any suit, action or other proceeding directly or indirectly arising
out of, under or in connection with this Agreement. Each party hereto (a)
certifies that no representative, agent or attorney of any other party has
represented, expressly or otherwise, that such party would not, in the event of
any action, suit or proceeding, seek to enforce the foregoing waiver and (b)
acknowledges that it and the other parties hereto have been induced to enter
into this Agreement, by, among other things, the mutual waiver and
certifications in this Section 5.15.

 

5.16.                        Jurisdiction. 
Each of the parties hereto (i) consents to submit itself to
the personal jurisdiction of any state or federal court located in the State of
Delaware, 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, (iii) agrees that it will not bring any action
relating to this Agreement or any of the transactions contemplated by this
Agreement in any

 

8

 

court other
than a state or federal court located in the State of Delaware and (iv)
irrevocably waives, to the fullest extent permitted by applicable law, any
objection that it may now or hereafter have to the laying of the venue of any
such suit, action or proceeding in any such court or that any such suit, action
or proceeding which is brought in any such court has been brought in an
inconvenient forum.  Each of the parties hereto
irrevocably consents to the service of any and all legal process, summonses,
notices and other documents which may be served in any suit, action or
proceeding referred to in Section 5.16, which service may be made in any
manner provided for the giving of notices in Section 5.4, provided that
nothing in this Section 5.16 shall affect the right of any party to serve
any such legal process, summons, notice or other document in any other manner
permitted by law.

 

[Signature Pages Follow.]

 

9

 

IN WITNESS WHEREOF, Parent has caused this Agreement to be executed by
its officer thereunto duly authorized and each Stockholder has caused this
Agreement to be executed, or duly executed by an authorized signatory, all as
of the date first written above.

 

	
   

  	
  The Thomson Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ D.J. Hulland

  	
   

  
	
   

  	
   

  	
  Name:  D.J. Hulland

  
	
   

  	
   

  	
  Title: SVP, Finance

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WARBURG, PINCUS VENTURES, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Warburg Pincus & Co.,

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sidney Lapidus

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Mason P. Slaine

  	
   

  
	
   

  	
  Mr. Mason P. Slaine

  
					

 

 

SCHEDULE I

 

 

	
  Name and Address of Stockholder

  	
   

  	
  Number of
  Shares Owned

  	
   

  
	
  Warburg, Pincus Ventures, L.P.(1)

  466 Lexington Avenue

  New York, NY  10017

  Attn:  Mr. Sid Lapidus

  Facsimile No.:  (212) 878-9100

  	
   

  	
  6,804,762

  	
   

  
	
  Mr. Mason P. Slaine 

  c/o Information Holdings Inc.

  2777 Summer Street, Suite 602

  Stamford, Connecticut  06905

  Facsimile No.:  (203) 961-1431

  	
   

  	
  2,000,000

  	
  (2)

  

 

(1)  The sole general partner of Warburg, Pincus Ventures,
L.P. (“WPV”) is Warburg Pincus & Co., a New York general
partnership (“WP”). Warburg Pincus LLC, a New York limited liability
company (“WP LLC”), manages WPV. 
Mr.  Sidney Lapidus and Mr. John
Vogelstein are general partners of WP and members of WP LLC.  Due to their relationship with WPV, Messrs.
Lapidus and Vogelstein may be deemed to beneficially own such shares owned by
WPV.  Messrs. Lapidus and Vogelstein
have disclaimed all beneficial ownership of all shares owned by WPV.

 

(2)  Includes 400,000 shares issuable upon exercise of
options that are vested and exercisable.

 

 

SCHEDULE II

 

1.  Venturetek, L.P. v. Rand Publishing Co.,
et al,
Index No. 605046/98 (Sup. Ct. N.Y. Cty.), including all appeals and related
proceedings.

 

2.  Venturetek, L.P. v.  Information
Holdings Inc., Index No. 604416/02 (Sup. Ct. N.Y. Cty.), including
all appeals and related proceedings.

 

3.  All Claims related to or
arising from the foregoing litigations or proceedings.

 

4.  All Claims related to or
arising from the facts alleged in the foregoing litigations or proceedings, or
substantially similar facts.Exhibit
10.12

 

RELEASE

 

June 28, 2004

 

The Thomson Corporation

290 Harbor Drive

Stamford, Connecticut,
06902-7441

 

Ladies and Gentlemen:

 

Reference is made
to that certain Agreement and Plan of Merger, dated as of June 28, 2004 (as it
may be amended or supplemented from time to time, the “Merger Agreement”), among The Thomson
Corporation, a Delaware corporation (“Parent”),
Thyme Corporation, a Delaware corporation and a Subsidiary of Parent, and
Information Holdings Inc., a Delaware corporation (the “Company”).  Capitalized terms used in this Release and not otherwise defined
shall have the meanings ascribed to them in the Merger Agreement.

 

In order to induce
Parent to enter into and consummate the Merger and the other transactions
contemplated by the Merger Agreement, and as a condition to consummating the
Merger and the other transactions contemplated thereby, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the undersigned, intending to be legally bound, hereby covenants
and agrees as follows:

 

1.             Release. 
Notwithstanding anything to the contrary in Section 6.8 of the Merger
Agreement, the undersigned on behalf of himself and his successors, assigns and
Affiliates, with respect to each and every Claim (as defined below) that the
undersigned (or any of such Persons) may have had prior to, or may at or
following the Effective Time have, against any of the Releasees (as defined
below) (A) effective as of the Effective Time, irrevocably, unconditionally and
completely releases, acquits and forever discharges each of the Releasees from
any such Claim, and irrevocably, unconditionally and completely waives and
relinquishes such Claim and (B) effective as of the date hereof, covenants not
to sue or make any kind of demand or provide any kind of notice or undertaking
with respect to any such Claim.  “Releasees”
means (A) Parent; (B) the Company; (C) each Subsidiary of the Company, (D) each
Affiliate of Parent and, after the Effective Time, of the Company; and (E) the
successors, assigns and past, present and future directors, officers, agents,
attorneys and representatives of the respective entities identified or
otherwise referred to in clauses (A) through (D) of this definition.  “Claim” means any dispute, claim, suit,
right, damages, judgments, expenses, affirmative defenses, actions and causes
of action of every kind and nature, in law, equity or otherwise, that relates
to the matters set forth on Schedule I attached hereto, whether brought
pursuant to common law, statute, agreement, any insurance policy held by the
Company or any of its Subsidiaries, the Certificate of Incorporation, Bylaws or
similar organizational documents of the Company or any of its Subsidiaries, the
DGCL or otherwise.  The undersigned
acknowledges that the releases set forth in this paragraph have provided a
material inducement to Parent’s willingness to enter into the Merger Agreement
and without such releases Parent would not have been willing to enter into the
Merger Agreement, which agreement provides to the undersigned substantial
benefit and

 

 

accordingly the undersigned willingly grants this
release in consideration therefor and for other good and valuable
consideration, receipt of which is hereby acknowledged.

 

2.             Miscellaneous.   Sections 5.3 through 5.11 and 5.14 through 5.16 of the Voting and
Proxy Agreement dated the date hereof, among Parent and certain stockholders of
the Company (the “Voting Agreement”), are incorporated by reference herein,
with, solely for purposes of this Release, (i) the term “parties” in such
provisions meaning Parent and the undersigned, (ii) the term “Stockholder” in
such provisions meaning the undersigned, and (iii) the address and facsimile
number of the undersigned set forth on the signature page hereto being the
address and facsimile number of the Stockholder referred to in Section 5.4 of
the Voting Agreement.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Michael
  Danziger

  	
   

  
	
   

  	
  Name:

  	
  Michael Danziger

  
	
   

  	
  Address:

  	
  7 Pollack Drive

  
	
   

  	
   

  	
  Malboro, NJ
  07746

  
	
   

  	
  Facsimile No.:

  	
  (732) 536-7285

  
	
   

  
	
   

  
	
  ACKNOWLEDGED AND
  AGREED:

  	
   

  
	
   

  	
   

  
	
  The Thomson
  Corporation

  	
   

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Darren
  Pocsik

  	
   

  
	
   

  	
  Name: Darren
  Pocsik

  
	
   

  	
  Title: General Counsel,

  Thomson Scientific & Healthcare

  
								

 

2

 

SCHEDULE
I

 

1.  Venturetek, L.P. v. Rand Publishing Co.,
et al,
Index No. 605046/98 (Sup. Ct. N.Y. Cty.), including all appeals and related
proceedings.

 

2.  Venturetek, L.P. v.  Information
Holdings Inc., Index No. 604416/02 (Sup. Ct. N.Y. Cty.), including
all appeals and related proceedings.

 

3.  All Claims related to or
arising from the foregoing litigations or proceedings.

 

4.  All Claims related to or
arising from the facts alleged in the foregoing litigations or proceedings, or
substantially similar facts.

 

3

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