VOTING TRUST AGREEMENT
AND
ESCROW AGREEMENT
To: Xxxxxx X. Xxxxxxx (the "Trustee" and "Escrowee")
Trustee or any successor trustee, of the Voting Trust Agreement and the
Escrowee or any successor escrowee of the Escrow Agreement are bring created by
reason of the Settlement Agreement dated as of the ___ day of May, 1998 (the
"Settlement") all of which is incorporated by reference herein and made a part
hereof.
By reason of the attached Settlement, the Koy Group has agreed to
relinquish all voting rights, if any, among all other rights with respect to all
the Shares subject to the Settlement and which are held in Escrow, except to
receive dividends or to sell the shares listed on Exhibit A (as limited or
restricted in the Settlement), attached to this Voting Trust Agreement (the
"Shares"). All of the Shares are to be held by you and you are to notify VMTI's
transfer agent and VMTI's corporate record keeper to indicate only your name and
address with respect to the Shares.
You, as trustee of this Voting Trust Agreement, are permitted, in your
absolute discretion, to vote the Shares anyway you wish and the Koy Group,
directly or indirectly, have no right to question or otherwise to review the
vote or action, if any, you may or may not take. Any notification or other
information which the Koy Group may receive regarding the Shares, shall be
immediately sent to you or transmitted to you.
You have this unlimited right to vote the Shares as long as this Voting
Trust Agreement is in effect, which under the applicable law, shall be no longer
than 10 years.
This Escrow is subject to all of the terms of the Settlement and the
Shares or any part thereof may be delivered or transferred only by reason of
those terms.
All costs and expenses of the Trustee and Escrowee shall be paid for by
the VMTI Group.
In the event of any dispute, the Trustee and/or Escrowee may file any
appropriate action, including but not limited to a declaratory judgment and/or
interpleades and all costs and expenses, including but not limited to any fees
you may charge, shall be payable by the VMTI Group.
All of the parties to the Settlement agree to the exculpate the Trustee
and Escrowee from all liability no matter how caused except for fraud or any
improper conduct solely if determined and adjudicated by a court competent
jurisdiction.
The undersigned agree to waive any and all conflicts of interest, if
any, and agree to the named Trustee and Escrowee.
/s/ Xxxxx Xxx
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Xxxxx Xxx
/s/ Xxxxxxx X. Xxx
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Xxxxxxx X. Xxx
Chicago Mortgage and
Financial Service, Inc. Profit Sharing
Plan & Trust
By: /s/ Trustee, Xxxxxxx X. Xxx
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Trustee
Approval and acceptance of the terms of this Agreement.
SHC Corp. (f/k/a VictorMaxx
Technologies, Inc.)
By: /s/ Xxxxxxxx Xxxxxx President
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/s/ Xxxxxxxx Xxxxxx
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Xxxxxxxx Xxxxxx
/s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
