EXHIBIT 99.B
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STOCKHOLDER'S AGREEMENT
among
NOKIA CORPORATION,
BLACKBIRD ACQUISITION, INC.
and the
STOCKHOLDER OF RAMP NETWORKS, INC.
identified on the signature page hereto
Dated as of December 6, 2000
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TABLE OF CONTENTS
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Page
ARTICLE I
TENDER OF SHARES
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SECTION 1.01. Tender of Shares................................................1
ARTICLE II
VOTING AGREEMENT
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SECTION 2.01. Voting Agreement................................................2
SECTION 2.02. Irrevocable Proxy...............................................2
ARTICLE III
THE OPTION
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SECTION 3.01. Grant of Option.................................................3
SECTION 3.02. Exercise of Option..............................................3
ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF STOCKHOLDER
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SECTION 4.01. Organization, Qualification.....................................5
SECTION 4.02. Authority Relative to this Agreement............................5
SECTION 4.03. No Conflict.....................................................5
SECTION 4.04. Title to the Shares.............................................6
ARTICLE V
REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER
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SECTION 5.01. Corporate Organization..........................................6
SECTION 5.02. Authority Relative to this Agreement............................7
SECTION 5.03. No Conflict; Required Filings and Consents......................7
SECTION 5.04. Investment Intent...............................................7
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ARTICLE VI
COVENANTS OF STOCKHOLDER
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SECTION 6.01. No Disposition or Encumbrance of Shares.........................8
SECTION 6.02. No Solicitation of Transactions.................................8
SECTION 6.03. Further Action; Reasonable Best Efforts.........................8
SECTION 6.04. Additional Shares...............................................9
SECTION 6.05. Release.........................................................9
ARTICLE VII
TERMINATION
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SECTION 7.01. Termination....................................................10
ARTICLE VIII
MISCELLANEOUS
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SECTION 8.01. Amendment......................................................10
SECTION 8.02. Waiver.........................................................10
SECTION 8.03. Notices........................................................10
SECTION 8.04. Severability...................................................11
SECTION 8.05. Further Assurances.............................................11
SECTION 8.06. Assignment.....................................................11
SECTION 8.07. Parties in Interest............................................11
SECTION 8.08. Specific Performance...........................................12
SECTION 8.09. Governing Law..................................................12
SECTION 8.10. Waiver of Jury Trial...........................................12
SECTION 8.11. Expenses.......................................................12
SECTION 8.12. Headings.......................................................12
SECTION 8.13. Counterparts...................................................12
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STOCKHOLDER'S AGREEMENT
STOCKHOLDER'S AGREEMENT, dated as of December 6, 2000 (this
"Agreement"), among NOKIA CORPORATION, a company organized under the laws of the
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Republic of Finland ("Parent"), BLACKBIRD ACQUISITION, INC., a corporation
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organized under the laws of the State of Delaware and a wholly-owned subsidiary
of Parent ("Purchaser"), and the stockholder ("Stockholder") of RAMP NETWORKS,
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INC., a corporation organized under the laws of the State of Delaware (the
"Company"), identified on the signature page hereto.
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WHEREAS, Parent and Purchaser are entering into an Agreement and Plan
of Merger dated as of the date hereof (as amended from time to time, the "Merger
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Agreement"; capitalized terms used but not defined in this Agreement shall have
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the meanings ascribed to them in the Merger Agreement), with the Company,
pursuant to which (i) Purchaser agrees to commence a cash tender offer (as such
tender offer may hereafter be amended from time to time, the "Offer") to acquire
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all the issued and outstanding shares of Company Common Stock for $5.80 per
Share (such amount, or any greater amount per Share paid pursuant to the Offer,
being the "Per Share Amount"); and (ii) following consummation of the Offer,
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Purchaser will merge with and into the Company (the "Merger");
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WHEREAS, as of the date hereof, Stockholder is the record and
beneficial owner of the number of Shares set forth opposite Stockholder's name
in Exhibit A hereto (the "Existing Shares" and, together with any shares of
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Company Common Stock acquired by Stockholder after the date hereof, whether upon
the exercise of warrants, options, conversion of convertible securities or
otherwise, the "Shares"); and
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WHEREAS, as an inducement and a condition to entering into the Merger
Agreement and incurring the obligations set forth therein, including the Offer,
Parent and Purchaser have required that Stockholder agree to enter into this
Agreement.
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements contained herein, and intending to be legally bound
hereby, the parties hereto agree as follows:
ARTICLE I
TENDER OF SHARES
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SECTION 1.01. Tender of Shares. Stockholder hereby agrees to validly
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tender, pursuant to and in accordance with the terms of the Offer, as soon as
practicable after commencement of the Offer but in no event later than ten
business days after the date of commencement of the Offer, Stockholder's Shares
and to not withdraw Stockholder's Shares, except following termination of the
Offer pursuant to its terms. Stockholder hereby acknowledges and agrees that
Purchaser's obligation to accept for payment and pay for Stockholder's Shares is
subject to the terms and conditions of the Offer. Stockholder hereby permits
Parent and the Purchaser to publish and disclose in the Offer Documents and, if
approval
of the Company's stockholders is required under applicable Law, the Proxy
Statement (including all documents and schedules filed with the SEC) its
identity and ownership of Shares and the nature of its commitments, arrangements
and understandings under this Agreement.
ARTICLE II
VOTING AGREEMENT
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SECTION 2.01. Voting Agreement. Stockholder hereby agrees that,
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from and after the date hereof and until the earlier to occur of the
consummation of the Offer in which Stockholder's Shares are purchased and the
termination of this Agreement, at any meeting of the stockholders of the
Company, however called, and in any action by consent of the stockholders of the
Company, Stockholder will vote (or cause to be voted) Stockholder's Shares: (a)
in favor of the approval and adoption of the Merger Agreement, the Merger and
all the transactions contemplated by the Merger Agreement and this Agreement and
otherwise in such manner as may be necessary to consummate the Merger; (b)
except as otherwise agreed to in writing in advance by Parent, against any
action, proposal, agreement or transaction that would result in a breach of any
covenant, obligation, agreement, representation or warranty of the Company
contained in the Merger Agreement or of Stockholder contained in this Agreement;
and (c) against any action, proposal, agreement or transaction, including, but
not limited to, any Acquisition Proposal (other than the Merger Agreement or the
Transactions), that could be reasonably expected to result in any of the
conditions to the Company's obligations under the Merger Agreement (whether or
not theretofore terminated) not being fulfilled or that could reasonably be
expected to impede, interfere with or prevent, delay, postpone, discourage or
adversely affect the Merger Agreement, the Offer, the Merger or this Agreement.
SECTION 2.02. Irrevocable Proxy. Stockholder hereby irrevocably
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grants to and appoints each of Mika Vehvilainen, Olli Huuskonen and Xxxx
Xxxxxx, as Stockholder's attorney and proxy pursuant to the provisions of
Section 212(c) of Delaware Law, each individually with full power of
substitution, to vote and otherwise act (by written consent or otherwise) with
respect to Stockholder's Shares at any meeting of stockholders of the Company
(whether annual or special and whether or not an adjourned or postponed
meeting) or consent in lieu of any such meeting or otherwise, on the matters
and in the manner specified in Section 2.01 (the"Irrevocable Proxy"). THIS
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PROXY AND POWER OF ATTORNEY ARE IRREVOCABLE AND COUPLED WITH AN INTEREST AND, TO
THE EXTENT PERMITTED UNDER APPLICABLE LAW, SHALL BE VALID AND BINDING ON ANY
PERSON TO WHOM STOCKHOLDER MAY TRANSFER ANY OF HIS, HER OR ITS SHARES IN BREACH
OF THIS AGREEMENT. Stockholder hereby revokes all other proxies and powers of
attorney with respect to Stockholder's Shares that may have heretofore been
appointed or granted, and no subsequent proxy or power of attorney shall be
given or written consent executed (and if given or executed, shall not be
effective) by Stockholder with respect thereto. All authority herein conferred
or agreed to be conferred shall survive the death or incapacity of Stockholder
and any obligation of Stockholder under this Agreement shall be binding upon the
heirs, personal representatives, successors and assigns of Stockholder.
Stockholder represents that any proxies heretofore given in respect of
Stockholder's Shares are not irrevocable, and that any such proxies are hereby
revoked. Stockholder understands and acknowledges that Parent is entering into
the
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Merger Agreement in reliance upon Stockholder's execution and delivery of
this Agreement. Stockholder hereby affirms that the irrevocable proxy set forth
in this Section 2.02 is given in connection with the execution of the Merger
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Agreement, and that such irrevocable proxy is given to secure the performance of
the duties of Stockholder under this Agreement. Stockholder hereby ratifies and
confirms all that the Irrevocable Proxy may lawfully do or cause to be done by
virtue hereof. The Irrevocable Proxy shall survive until the termination of this
Agreement in accordance with Section 7.01, at which point the Irrevocable Proxy
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shall be automatically revoked.
ARTICLE III
THE OPTION
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SECTION 3.01. Grant of Option. Stockholder hereby grants to Purchaser
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an irrevocable option (the "Option") to purchase all, and not less than all, of
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Stockholder's Shares at the applicable Per Share Amount, net to Stockholder in
cash. The Optionm shall expire if not exercised prior to the close of business
on the tenth business day following termination of the Merger Agreement.
SECTION 3.02. Exercise of Option. (a) The Option may be exercised by
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Purchaser at any time and from time to time, including, without limitation,
following termination of the Merger Agreement and prior to the expiration of
the Option, only if the Offer is consummated without Stockholder having
tendered all its Shares in accordance with Section 1.01 hereof (a "Triggering
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Event").
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(b) If Purchaser wishes to exercise the Option, Purchaser shall send a
written notice (the "Exercise Notice") to Stockholder of its intention to
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exercise the Option, specifying the place, and, if then known, the time and the
date (the "Closing Date") of the closing (the "Closing") of the purchase. An
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Exercise Notice may be delivered by Purchaser not later than 10 business days
after the occurrence of a Triggering Event, and, if such a Notice is not
delivered by such date, the Option shall terminate automatically and be of no
further force and effect. The Closing Date shall occur on the third business day
(or such longer period as may be required by applicable Law or regulation) after
the later of (i) the date on which such Exercise Notice is delivered and (ii)
the satisfaction of the conditions set forth in Section 3.02(e). If the Closing
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does not occur by such date, the Option shall terminate and be of no further
force or effect. For the purposes of this Agreement, the term "business day"
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means a Saturday, a Sunday or a day on which banks are not required or
authorized by Law or executive order to be closed in the City of New York.
(c) At the Closing, (i) Stockholder shall deliver to Purchaser (or its
designee) all of Stockholder's Shares by delivery of a certificate or
certificates evidencing such Shares in the denominations designated by
Purchaser, in its Exercise Notice delivered pursuant to Section 3.02(b), duly
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endorsed to Purchaser or accompanied by stock powers duly executed in favor of
Purchaser, with all necessary stock transfer stamps affixed, and (ii) Purchaser
shall pay to Stockholder the aggregate Per Share Amount for Stockholder's
Shares.
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(d) Purchaser shall not be under any obligation to deliver any
Exercise Notice and may allow the Option to terminate without purchasing any
Shares hereunder; provided, however, that once Purchaser has delivered to
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Stockholder an Exercise Notice, subject to the terms and conditions set forth in
this Agreement, Purchaser shall, subject to the satisfaction of the conditions
set forth in Section 3.02(e), be bound to effect the purchase of Stockholder's
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Shares as described in such Exercise Notice.
(e) The Closing shall be subject to the satisfaction of each of the
following conditions:
(i) No Governmental Authority shall have enacted, issued, promulgated,
enforced or entered any Law (whether temporary, preliminary or permanent)
which is then in effect and has the effect of making the acquisition of
Shares by Purchaser pursuant to the exercise of the Option illegal or
otherwise materially restricting, preventing or prohibiting consummation of
the purchase and sale of the Shares pursuant to the exercise of the Option;
(ii) No Governmental Authority or court of competent jurisdiction
shall have issued an order, decree, injunction or ruling or taken any other
action (which order, decree, injunction, ruling or other action Purchaser
and Parent shall have used their respective best efforts to lift), in each
case permanently restraining, enjoining or otherwise prohibiting the
purchase by Purchaser of the Shares to be sold to it hereunder and such
order, decree, injunction, ruling or other action shall have become final
and non-appealable; and
(iii) any waiting period applicable to the consummation of the
purchase and sale of the Shares pursuant to the exercise of the Option
under the HSR Act shall have expired or been terminated.
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ARTICLE IV
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REPRESENTATIONS AND WARRANTIES OF STOCKHOLDER
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Stockholder hereby represents and warrants to Parent and to Purchaser
as follows:
SECTION 4.01. Organization, Qualification. (a) Stockholder, if it is
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an individual, has all legal capacity to enter into this Agreement, to carry
out his or her obligations hereunder and to consummate the transactions
contemplated hereby.
(b) Stockholder, if it is a corporation or other legal entity, (i) is
duly organized, validly existing and, if applicable, in good standing under the
Laws of the jurisdiction of its incorporation or formation and has the requisite
power and authority and all necessary governmental approvals to own, lease and
operate its properties and to carry on its business as it is now being
conducted, except where the failure to be so organized, existing or, if
applicable, in good standing or to have such power, authority and governmental
approvals would not prevent or materially delay consummation of the transactions
contemplated by this Agreement or otherwise prevent or materially delay
Stockholder from performing its obligations under this Agreement and (ii) is
duly qualified or licensed as a foreign corporation to do business, and is, if
applicable, in good standing, in each jurisdiction where the character of the
properties owned, leased or operated by Stockholder or the nature of its
business makes such qualification or licensing necessary, except for such
failures to be so qualified or licensed and, if applicable, in good standing
that would not prevent or materially delay consummation of the transactions
contemplated by this Agreement or otherwise prevent or materially delay
Stockholder from performing its obligations under this Agreement.
(c) Stockholder, if it is a corporation or other legal entity, has
heretofore furnished to Parent and Purchaser a complete and correct copy of the
certificate of incorporation and the by-laws or equivalent organizational
documents, each as amended to date, of Stockholder. Stockholder, if it is a
trust, has heretofore furnished to Parent and Purchaser a complete and correct
copy of the trust agreement or equivalent agreement, as amended to date, of
Stockholder. Such certificates of incorporation, by-laws or equivalent
organizational documents and any of the provisions of such certificate of
incorporation, by-laws or equivalent organizational documents are in full force
and effect. Stockholder is not in violation of any of the provisions of its
certificate of incorporation, by-laws or equivalent organizational documents.
SECTION 4.02. Authority Relative to this Agreement. Stockholder has
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all necessary power and authority to execute and deliver this Agreement, to
perform Stockholder's obligations hereunder and to consummate the transactions
contemplated hereby. This Agreement has been duly and validly executed and
delivered by Stockholder and constitutes a legal, valid and binding obligation
of Stockholder, enforceable against Stockholder in accordance with its terms.
SECTION 4.03. No Conflict. (a) The execution and delivery of this
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Agreement by Stockholder do not, and the performance of this Agreement by
Stockholder shall not, (i) conflict with or violate the certificate of
incorporation or by-laws or equivalent organizational
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documents of Stockholder (if Stockholder is a corporation or other legal
entity), (ii) assuming satisfaction of the requirements set forth in
Section 4.03(b) below, conflict with or violate the terms of any trust
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agreements or equivalent organizational documents of Stockholder (if Stockholder
is a trust), (iii) conflict with or violate any Law applicable to Stockholder or
by which the Shares owned by Stockholder are bound or affected or (iv) result in
any breach of, or constitute a default (or an event that with notice or lapse of
time or both would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or result in the
creation of a lien or encumbrance on any of the Shares owned by Stockholder
pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit, franchise or other instrument or obligation to which
Stockholder is a party or by which Stockholder or the Shares owned by
Stockholder are bound or affected, except for any such conflicts, violations,
breaches, defaults or other occurrences that would not prevent or materially
delay consummation of the transactions contemplated by this Agreement or
otherwise prevent or materially delay Stockholder from performing its
obligations under this Agreement.
(b) The execution and delivery of this Agreement by Stockholder do
not, and the performance of this Agreement by Stockholder shall not, require any
consent, approval, authorization or permit of, or filing with or notification
to, any Governmental Authority on the part of Stockholder, except (i) for
applicable requirements, if any, of the Exchange Act, Blue Sky Laws, state
takeover Laws and the pre-merger notification requirements of the HSR Act and
(ii) where the failure to obtain such consents, approvals, authorizations or
permits, or to make such filings or notifications, would not prevent or
materially delay consummation of the transactions contemplated by this
Agreement, or otherwise prevent Stockholder from performing its material
obligations under this Agreement.
SECTION 4.04. Title to the Shares. As of the date hereof, Stockholder
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is the record and beneficial owner of the number of Shares set forth opposite
Stockholder's name in Exhibit A hereto. Except as set forth on Exhibit A, such
Shares are all the securities of the Company owned, either of record or
beneficially, by Stockholder. The Shares owned by Stockholder are owned free and
clear of all Liens, other than any Liens created by this Agreement. Except as
provided in this Agreement, Stockholder has not appointed or granted any proxy,
which appointment or grant is still effective, with respect to the Shares owned
by Stockholder. At the Closing, Stockholder will deliver, upon such delivery and
payment of the Per Share Amount therefor, as applicable, good, valid and
marketable title to Stockholder's Shares free and clear of any Liens, other than
pursuant to this Agreement.
ARTICLE V
REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER
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Parent and Purchaser hereby, jointly and severally, represent and
warrant to Stockholder as follows:
SECTION 5.01. Corporate Organization. Each of Parent and Purchaser is
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a company duly organized and validly existing under the laws of its
jurisdiction of its incorporation and has the requisite corporate power and
authority and all necessary governmental approvals to
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own, lease and operate its properties and to carry on its business as it is now
being conducted, except where the failure to be so organized, existing or to
have such power, authority and governmental approvals would not prevent or
materially delay consummation of the transactions contemplated by this
Agreement, or otherwise prevent Parent or Purchaser from performing its material
obligations under this Agreement.
SECTION 5.02. Authority Relative to this Agreement. Each of Parent
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and Purchaser has all necessary corporate power and authority to execute and
deliver this Agreement and to perform its obligations hereunder. The execution
and delivery of this Agreement by Parent and Purchaser and the performance by
Parent and Purchaser of their obligations hereunder have been duly and validly
authorized by all necessary corporate action and no other corporate proceedings
on the part of Parent or Purchaser is necessary to authorize this Agreement.
This Agreement has been duly and validly executed and delivered by Parent and
Purchaser and, assuming due authorization, execution and delivery by
Stockholder, constitutes a legal, valid and binding obligation of each of Parent
and Purchaser enforceable against each of Parent and Purchaser in accordance
with its terms.
SECTION 5.03. No Conflict; Required Filings and Consents. (a) The
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execution and delivery of this Agreement by Parent and Purchaser do not, and the
performance of this Agreement by Parent and Purchaser will not, (i) conflict
with or violate the certificate of incorporation or by-laws or equivalent
organizational documents of Parent or Purchaser, (ii) assuming satisfaction of
the requirements set forth in Section 5.03(b) below, conflict with or violate
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any Law applicable to Parent or Purchaser or by which any property or asset of
either of them is bound or affected, or (iii) result in any 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,
amendment, acceleration or cancellation of, or result in the creation of a lien
or other encumbrance on any property or asset of Parent or Purchaser pursuant
to, any note, bond, mortgage, indenture, contract, agreement, lease, license,
permit, franchise or other instrument or obligation to which Parent or Purchaser
is a party or by which Parent or Purchaser or any property or asset of either of
them is bound or affected, except for any such conflicts, violations, breaches,
defaults or other occurrences that would not prevent or materially delay
consummation of the transactions contemplated by this Agreement or otherwise
prevent or materially delay Parent or Purchaser from performing its obligations
under this Agreement.
(b) The execution and delivery of this Agreement by Parent and
Purchaser do not, and the performance of this Agreement by Parent and Purchaser
will not, require any consent, approval, authorization or permit of, or filing
with, or notification to, any Governmental Authority, except (i) for applicable
requirements, if any, of the Exchange Act, Blue Sky Laws and state takeover Laws
and the pre-merger notification requirements of the HSR Act and (ii) where the
failure to obtain such consents, approvals, authorizations or permits, or to
make such filings or notifications, would not prevent or materially delay
consummation of the transactions contemplated by this Agreement, or otherwise
prevent Parent or Purchaser from performing their material obligations under
this Agreement.
SECTION 5.04. Investment Intent. The purchase of Shares from
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Stockholder pursuant to this Agreement is for the account of Purchaser solely
for the purpose of investment
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and not with a view to, or for offer or sale in connection with, any
distribution thereof within the meaning of the Securities Act.
ARTICLE VI
COVENANTS OF STOCKHOLDER
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SECTION 6.01. No Disposition or Encumbrance of Shares. Stockholder
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hereby agrees that, except as contemplated by this Agreement and the Merger
Agreement, Stockholder shall not (i) sell, transfer, tender, assign, contribute
to the capital of any entity, hypothecate, give or otherwise dispose of, grant a
proxy or power of attorney with respect to, deposit into any voting trust or
enter into a voting arrangement or agreement, or create or permit to exist any
Liens of any nature whatsoever with respect to, any of Stockholder's Shares (or
agree or consent to, or offer to do, any of the foregoing), (ii) take any action
that would make any representation or warranty of Stockholder herein untrue or
incorrect in any material respect or have the effect of preventing or adversely
affecting Stockholder from performing Stockholder's obligations hereunder or
(iii) directly or indirectly, initiate, solicit or encourage any person to take
actions that could reasonably be expected to lead to the occurrence of any of
the foregoing.
SECTION 6.02. No Solicitation of Transactions. Stockholder agrees that
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between the date of this Agreement and the date of termination of the Merger
Agreement, Stockholder will not, directly or indirectly, through any officer,
director, employee, agent or otherwise, (a) solicit, initiate, accept or
encourage the submission of, any Acquisition Proposal, or (b) participate in any
discussions or negotiations regarding, or furnish to any person any information
with respect to, or otherwise cooperate in any way with respect to, or assist or
participate in, or facilitate or encourage any proposal that constitutes, or may
reasonably be expected to lead to, an Acquisition Proposal. Stockholder shall,
and shall direct or cause its directors, officers, employees, representatives
and agents to, immediately cease and cause to be terminated any discussions or
negotiations with any parties that may be ongoing with respect to any
Acquisition Proposal. Stockholder shall (within one business day) advise Parent
orally and in writing of (i) any proposal, discussion, negotiation or inquiry
received by Stockholder regarding any Acquisition Proposal or any request for
information with respect to any Acquisition Proposal, the material terms and
conditions of any proposal, discussion, negotiation or inquiry received by
Stockholder regarding such Acquisition Proposal or request and the identity of
the person making such Acquisition Proposal or request and (ii) any changes in
any such Acquisition Proposal or request. Stockholder shall promptly provide to
Parent copies of any written materials received by Stockholder in connection
with any proposal, discussion, negotiation or inquiry regarding any Acquisition
Proposal.
SECTION 6.03. Further Action; Reasonable Best Efforts. Upon the terms
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and subject to the conditions hereof, each of the parties shall use its
reasonable best efforts to take, or cause to be taken, all appropriate action,
and to do, or cause to be done, all things necessary, proper or advisable under
applicable Laws and regulations to consummate and make effective this Agreement,
including, without limitation, using its reasonable best efforts to obtain all
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Permits, consents, approvals, authorizations, qualifications and orders of
Governmental Authorities and parties to contracts with the Company and the
Subsidiaries as are necessary for the consummation of this Agreement. Without
limiting the foregoing, if requested in writing by Parent, Stockholder, Parent
and Purchaser shall file as soon as practicable notifications under the HSR Act,
and each party shall respond as promptly as practicable to any inquiries
received from the Federal Trade Commission and the Antitrust Division of the
United States Department of Justice or the U.S. Department of State for
additional information or documentation and respond as promptly as practicable
to all inquiries and requests received from any State Attorney General or other
Governmental Authority in connection with antitrust matters. Concurrently with
any filing of notifications under the HSR Act or as soon thereafter as
practicable, the parties shall each request early termination of the HSR Act
waiting period. In addition, each of the parties agree to make as soon as
practicable such other filings as may be necessary or required with any other
non-United States Governmental Authority. Stockholder shall promptly consult
with Parent and provide to Parent any information and material with respect to
filings made by them with any Governmental Authority in connection with this
Agreement and the Merger Agreement and the transactions contemplated hereby and
thereby.
SECTION 6.04. Additional Shares. Stockholder agrees, while this
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Agreement is in effect, to give a prompt written notice to Parent of the number
of any new Shares acquired by Stockholder after the date hereof.
SECTION 6.05. Release. (a) Stockholder, on behalf of itself and its
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past or present directors, officers, managers, employees, principals, agents,
representatives, attorneys, partners, predecessors, successors, assigns,
beneficiaries, parents, subsidiaries, affiliates, divisions, owners, co-owners,
heirs, administrators and executors, hereby completely and fully releases and
forever discharges, effective upon the purchase of such Stockholder's Shares
pursuant to the terms of the Offer and/or this Agreement, the Company and its
Subsidiary, including their respective past or present directors, officers,
managers, employees, principals, agents, representatives, attorneys, partners,
predecessors, successors, assigns, beneficiaries, parents, subsidiaries,
affiliates, divisions, owners, co-owners, heirs, administrators and executors,
from any and all suits, claims, causes of action, rights, actions, demands,
damages, losses, costs, expenses (including, without limitation, legal fees),
penalties, liabilities or proceedings of any nature whatsoever which have been,
could have been or could be brought in any forum, whether foreign or domestic,
in law or in equity or otherwise, whether known or unknown, fixed or contingent,
including without limitation, all claims for compensatory, incidental,
consequential, statutory, punitive or exemplary damages, equitable relief or
penalties, except for any claims arising in connection with or pursuant to (i)
any employment arrangement between such Stockholder and the Company, (ii)
Section 7.08 of the Merger Agreement, as applicable and (iii) the Merger
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Agreement and this Agreement.
(b) In addition to the foregoing, Stockholder, on behalf of itself and
its past or present directors, officers, managers, employees, principals,
agents, representatives, attorneys, partners, predecessors, successors, assigns,
beneficiaries, parents, subsidiaries, affiliates, divisions, owners, co-owners,
heirs, administrators or executors, effective upon the purchase of such
Stockholder's Shares pursuant to the terms of the Offer and/or this Agreement,
hereby further agrees to opt-out of any certified class of plaintiffs
established for the purpose for seeking
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compensatory, incidental, consequential, statutory, punitive or exemplary
damages, equitable relief or penalties, against the Company arising directly or
indirectly from, or relating in any way to any class-action shareholder
litigation relating to claims of fraud, xxxxxxx xxxxxxx, beaches of fiduciary
duty, violations of Delaware Law, the Securities Act and/or the Exchange Act and
any rules promulgated thereunder, respectively, and including, but not limited
to, the Class Action Suits. For the purposes of this Section 6.05, the term
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"Class Action Suits" means any lawsuit filed by or on behalf of stockholders or
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public investors who purchased shares of the Company's common stock during the
class period from November 15, 1999 through September 29, 2000 (as such class
period may be extended, consolidated or otherwise modified from time to time),
including, but not limited to, the complaint filed (i) on October 3, 2000, for
which Xxxx Xxxxx is the named plaintiff, (ii) on October 6, 2000, for which
Xxxxx Xxxxxxx is the named plaintiff and (iii) on October 23, 2000, for which
Doron Shauly is the named plaintiff.
ARTICLE VII
TERMINATION
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SECTION 7.01. Termination. This Agreement, and all rights and
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obligations of the parties hereunder (except with respect to Section 6.05
------------
hereof), shall terminate upon the earlier of (a) the date upon which Purchaser
shall have purchased and paid for all of the Shares of Stockholder in accordance
with the terms of the Offer or pursuant to the exercise of the Option granted by
Stockholder hereunder and (b) the date on which the Option has expired in
accordance with this Agreement. Nothing in this Section 7.01 shall relieve any
------------
party of liability for any breach of this Agreement.
ARTICLE VIII
MISCELLANEOUS
-------------
SECTION 8.01. Amendment. This Agreement may not be amended except by
---------
an instrument in writing signed by all the parties hereto.
SECTION 8.02. Waiver. Any party to this Agreement may (i) extend the
------
time for the performance of any obligation or other act of any other party
hereto, (ii) waive any inaccuracy in the representations and warranties of
another party contained herein or in any document delivered pursuant hereto and
(iii) waive compliance with any agreement of another party contained herein. Any
such extension or waiver shall be valid if set forth in an instrument in writing
signed by the party or parties to be bound thereby.
SECTION 8.03. Notices. All notices, requests, claims, demands and
-------
other communications hereunder shall be in writing and shall be given (and shall
be deemed to have been duly given upon receipt) by delivery in person, by
telecopy, or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses (or
10
at such other address for a party as shall be specified in a notice given in
accordance with this Section 8.03):
(a) if to Stockholder, to the address set forth after Stockholder's
name on the signature pages; and
(b) if to Parent or Purchaser:
000 Xxxxxxxxx Xxxxx
Xxxxxxxx Xxxx, XX 00000
Attention: Xxxx Xxxxxx
with a copy to:
Shearman & Sterling
0000 Xx Xxxxxx Xxxx
Xxxxx Xxxx, XX 00000
Telecopy: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxx, Esq.
SECTION 8.04. 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 by this Agreement is not affected in
any manner materially adverse to any party. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, the
parties hereto shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in a mutually
acceptable manner in order that the transactions contemplated by this Agreement
be consummated as originally contemplated to the fullest extent possible.
SECTION 8.05. Further Assurances. Stockholder, Parent and Purchaser
------------------
will execute and deliver all such further documents and instruments and take all
such further action as may be necessary in order to consummate the transactions
contemplated hereby.
SECTION 8.06. Assignment. This Agreement shall not be assigned by
----------
operation of Law or otherwise, except that Parent and Purchaser may assign all
or any of their rights and obligations hereunder to any affiliate of Parent,
provided that no such assignment shall relieve Parent or Purchaser of its
obligations hereunder if such assignee does not perform such obligations.
SECTION 8.07. Parties in Interest. This Agreement shall be binding
-------------------
upon and inure solely to the benefit of each party hereto, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other
person any right, benefit or remedy of any nature whatsoever under or by reason
of this Agreement. Notwithstanding anything herein to the contrary, nothing set
forth herein shall in any way restrict any person, including any officer,
partner, director or employee of Stockholder (if applicable) in the exercise of
his or her fiduciary
11
duties as a director or officer of the Company and the exercise of such person's
rights and obligations in such capacity under the Merger Agreement and in
connection with the Transactions.
SECTION 8.08. Specific Performance. The parties hereto agree that
--------------------
irreparable damage would occur in the event any provision of this Agreement were
not performed in accordance with the terms hereof and that the parties shall be
entitled to specific performance of the terms hereof, in addition to any other
remedy at law or in equity.
SECTION 8.09. Governing Law. This Agreement shall be governed by, and
-------------
construed in accordance with, the laws of the State of New York applicable to
contracts executed in and to be performed in that State. The parties hereto
hereby (a) submit to the jurisdiction of any state or federal court sitting in
the Borough of Manhattan of The City of New York for the purpose of any Action
arising out of or relating to this Agreement brought by any party hereto, and
(b) irrevocably waive, and agree not to assert by way of motion, defense, or
otherwise, in any such Action, any claim that it is not subject personally to
the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that the Action is brought in an
inconvenient forum, that the venue of the Action is improper, or that this
Agreement or the Transactions may not be enforced in or by any of the above-
named courts.
SECTION 8.10. Waiver of Jury Trial. Each of the parties hereto hereby
--------------------
waives to the fullest extent permitted by applicable Law any right it may have
to a trial by jury with respect to any actions or proceedings directly or
indirectly arising out of, under or in connection with this Agreement.
SECTION 8.11. Expenses. All costs and expenses, including, without
--------
limitation, fees and disbursements of counsel, financial advisors and
accountants, incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such costs and
expenses, whether or not the Closing shall have occurred.
SECTION 8.12. Headings. The descriptive headings contained in this
--------
Agreement are included for convenience of reference only and shall not affect in
any way the meaning or interpretation of this Agreement.
SECTION 8.13. Counterparts. This Agreement may be executed and
------------
delivered (including by facsimile transmission) in one or more counterparts, and
by the different parties hereto in separate counterparts, each of which when
executed shall be deemed to be an original but all of which taken together shall
constitute one and the same agreement.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
12
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXXXX SUN
/s/ Xxxxxxx Sun
---------------------------------------
Address: Venrock Associates
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
13
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXXX XXXXXXX
/s/ Xxxxxx Xxxxxxx
--------------------------------------
Address: 00000 X'Xxxxx Xxxx
Xxx Xxxxx Xxxx, XX 00000
14
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
VENROCK ASSOCIATES
By: /s/ Xxxxxxx Sun
-----------------------------------
Name: Xxxxxxx Sun
Title: General Partner
Address: 00 Xxxxxxxxxxx Xxxxx, Xxxx 0000
Xxx Xxxx, XX 00000
15
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
VENROCK ASSOCIATES II, L.P.
By: /s/ Xxxxxxx Sun
-----------------------------------
Name: Xxxxxxx Sun
Title: General Partner
Address: 00 Xxxxxxxxxxx Xxxxx, Xxxx 0000
Xxx Xxxx, XX 00000
16
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
INTERWEST INVESTORS V, a general
partnership
By: /s/ Xxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxx Xxxxxx
Title: General Partner
Address: 0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, XX 00000
INTERWEST PARTNERS V, L.P.
By: Interwest Management Partners V, L.P.
By: /s/ Xxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxx Xxxxxx
Title: General Partner
Address: 0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, XX 00000
17
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXXX X. XXXXXX
/s/ Xxxxxx X. Xxxxxx
---------------------------------------
Address: c/o Interwest Partners
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, XX 00000
18
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-------------------------------
Name: Mika Vehvilainen
Title: President
L. XXXXXXX XXXXXX
/s/ L. Xxxxxxx Xxxxxx
-----------------------------------
Address: LWK Ventures
00000 Xxxxxxx Xxx
Xxx Xxxxx Xxxxx, XX 00000
19
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXX XXXXX
/s/ Xxxxx Xxxxx
---------------------------------------
Address: 0000 Xxxxxxxx Xxxxx Xxxxx
Xxx Xxxx, Xxxxxxxxxx 00000
20
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehrilainen
Title: President
XXXXXXX XXXXXXX
/s/ Xxxxxxx Xxxxxxx
---------------------------------------
Address: 0000 Xxxxxx Xxxx Xxxx
Xx. Xxxx, Xxxxxxxxxx 00000
21
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXX XXXXXXX
/s/ Xxxxx Xxxxxxx
---------------------------------------
Address:
22
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXXXX XXXXXXX
/s/ Xxxxxxx Xxxxxxx
---------------------------------------
Address: 959H. Ladlesa Xxxxxxxx
Xxxxxxxxx, Xxxxxxxxxx 00000
23
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.
NOKIA CORPORATION
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: Attorney-in-Fact
BLACKBIRD ACQUISITION, INC.
By: /s/ Mika Vehvilainen
-----------------------------------
Name: Mika Vehvilainen
Title: President
XXXXXXXXXXXX XXXXXXXXXXX
/s/ Xxxxxxxxxxxx Xxxxxxxxxxx
---------------------------------------
Address:
24
EXHIBIT A
---------
Stockholder Owned Shares Other Securities
----------------------------- ------------ ----------------
Xxxxxxx Sun - 48,000
Xxxxxx Xxxxxxx 1,161,900 240,999
Venrock Associates 2,632,354 -
Venrock Associates II, L.P. 1,355,132
Interwest Partners V, L.P. 1,178,008 -
Interwest Investors V 7,408
Xxxxxx X. Xxxxxx - 48,000
L. Xxxxxxx Xxxxxx - 72,000
Xxxxx Xxxxx 1,000 190,000
Xxxxxxx Xxxxxxx 27,861 120,000
Xxxxx Xxxxxxx 593,520 80,300
Xxxxxxx Xxxxxxx 574,002 57,999
Xxxxxxxxxxxx Xxxxxxxxxxx 327,002 -
25
