EXHIBIT 99.1(B)
EXHIBIT A
FORM OF TENDER AND VOTING AGREEMENT
TENDER AND VOTING AGREEMENT (this "Agreement"), dated as of November 24,
2000, by and among Agilent Technologies, Inc., a Delaware corporation
("Parent"), Tahoe Acquisition Corp., a Delaware corporation ("Purchaser") and a
wholly owned subsidiary of Parent, and each of the individuals listed on the
Signature Pages hereto (each in his individual capacity, a "Stockholder", and
collectively, the "Stockholders").
WHEREAS, each of the Stockholders is, as of the date hereof, the record and
beneficial owner of the shares of common stock, par value $0.001 per share (the
"Common Stock"), of Objective Systems Integrators, Inc., a Delaware corporation
(the "Company"), set forth on Annex I hereto;
WHEREAS, Parent, Purchaser and the Company concurrently herewith are
entering into an Agreement and Plan of Merger, dated as of the date hereof (the
"Merger Agreement"; capitalized terms used but not defined herein have the
meanings ascribed to such terms in the Merger Agreement), which provides, among
other things, for the acquisition of the Company by Parent by means of a cash
tender offer (the "Offer") by Purchaser for all of the outstanding shares of
Common Stock and for the subsequent merger (the "Merger") of Purchaser with and
into the Company upon the terms and subject to the conditions set forth in the
Merger Agreement; and
WHEREAS, as a condition to the willingness of Parent and Purchaser to enter
into the Merger Agreement, and in order to induce Parent and Purchaser to enter
into the Merger Agreement, the Stockholders have agreed to enter into this
Agreement.
NOW, THEREFORE, in consideration of the execution and delivery by Parent
and Purchaser of the Merger Agreement and the foregoing and the mutual
representations, warranties, covenants and agreements set forth herein and
therein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1. Representations and Warranties of the Stockholder. Stockholder
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(i) is the beneficial owner of the shares of Company Common Stock and the
options and warrants to purchase shares of Common Stock, if any, of the Company
indicated on the final page of this Agreement, free and clear of any liens,
claims, options, rights of first refusal, co-sale rights, charges or other
encumbrances that, in each case, would deprive Parent of the benefits of this
Agreement; (ii) does not beneficially own any securities of the Company other
than the shares of Company Common Stock and options and warrants to purchase
shares of Common Stock of the Company indicated on the final page of this
Agreement; and (iii) has full power and authority to make, enter into and carry
out the terms of this Agreement and the proxy contained herein.
SECTION 2. Purchase and Sale of the Shares. Each of the Stockholders
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hereby agrees that he shall tender his Shares into the Offer promptly, and in
any event no later than the tenth business day following the commencement of the
Offer pursuant to Section 1.1 of the Merger Agreement, and that such Stockholder
shall not withdraw any Shares so tendered unless (i) the Offer is terminated or
has expired or (ii) this Agreement is terminated pursuant to Section 8 hereof.
Purchaser hereby agrees to purchase all the Shares so tendered at a price per
Share equal to $17.75 per Share or any higher price that may be paid in the
Offer; provided, however, that Purchaser's obligation to accept for payment and
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pay for the Shares in the Offer is subject to all the terms and conditions of
the Offer set forth in the Merger Agreement and Annex A thereto.
SECTION 3. Transfer of the Shares. Prior to the termination of this
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Agreement, except as otherwise provided, herein, none of the Stockholders shall:
(i) transfer (which term shall include, without limitation, for the purposes of
this Agreement, any sale, gift, pledge or other disposition), or consent to any
transfer of, any or all of the Shares; (ii) enter into any contract, option or
other agreement or understanding with respect to any transfer of any or all of
the Shares or any interest therein; (iii) grant any proxy, power-of-attorney or
other authorization or consent in or with respect to the Shares; (iv) deposit
the Shares into a voting trust or enter into a voting agreement or arrangement
with respect to the Shares; or (v) take any other action that would in any way
restrict, limit or interfere with the performance of such Stockholder's
obligations hereunder or the transactions contemplated hereby. Notwithstanding
the foregoing, a Stockholder may transfer his Shares to the Stockholder's
spouse, ancestors, descendants or a trust for any of their benefit; provided,
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however, that in any such case, each person to which any of such Shares or any
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interest in any of such Shares is or may be transferred shall have (a) executed
a counterpart to this Tender and Voting Agreement and (b) agreed to hold such
Shares or interest in such Shares subject to all of the terms and provisions of
this Agreement.
SECTION 4. Grant of Irrevocable Proxy; Appointment of Proxy.
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(a) Subject to Section 8 hereof, each of the Stockholders hereby
irrevocably grants to, and appoints, Parent and any nominee thereof, its proxy
and attorney-in-fact (with full power of substitution), for and in the name,
place, and stead of such Stockholder, to vote his Shares, or grant a consent or
approval in respect of his Shares, in connection with any meeting of the
Stockholders of the Company (i) in favor of the Merger, and (ii) against any
action or agreement which would impede, interfere with or prevent the Merger,
including any Acquisition Proposal. This Agreement is intended to bind
Stockholder as a stockholder of Company only with respect to the specific
matters set forth herein.
(b) Each of the Stockholders represents that any proxies heretofore
given in respect of the Shares are not irrevocable, and that such proxies are
hereby revoked.
(c) Subject to Section 8 hereof, each of the Stockholders hereby
affirms that the proxy set forth in this Section 4 is irrevocable and is given
in connection
with the execution of the Merger Agreement, and that such irrevocable proxy is
given to secure the performances of the duties of such Stockholder under this
Agreement. Each Stockholder hereby further affirms that the irrevocable proxy
granted hereby is coupled with an interest in the Shares and, except as set
forth in Section 8 hereof, is intended to be irrevocable in accordance with the
provisions of Section 212(e) of the Delaware General Corporation Law.
SECTION 5. Certain Events. In the event of any stock split, stock
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dividend, merger, reorganization, recapitalization or other change in the
capital structure of the Company affecting the Common Stock or the acquisition
of additional shares of Common Stock or other securities or rights of the
Company by any Stockholder, the number of Shares shall be adjusted
appropriately, and this Agreement and the rights and obligations hereunder shall
attach to any additional shares of Common Stock or other securities or rights of
the Company issued to or acquired by any such Stockholder.
SECTION 6. Certain Other Agreements. From and after the date of this
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Agreement until the Effective Time or termination of the Merger Agreement
pursuant to Article VIII thereof, no Stockholder will, nor will any Stockholder
authorize or permit any of such Stockholder's affiliates or any investment
banker, attorney or other advisor or representative retained by any of them to,
directly or indirectly, (i) solicit, initiate, encourage or induce the making,
submission or announcement of any Acquisition Proposal, (ii) participate in any
discussions or negotiations regarding, or furnish to any person any information
with respect to, 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, (iii) engage in discussions with any person with
respect to any Acquisition Proposal, (iv) approve, endorse or recommend any
Acquisition Proposal or (v) enter into any letter of intent or similar document
or any contract, agreement or commitment contemplating or otherwise relating to
any Acquisition Transaction.
SECTION 7. Further Assurances. Each of the Stockholders shall, upon
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request of Parent or Purchaser, execute and deliver any additional documents and
take such further actions as may reasonably be deemed by Parent or Purchaser to
be necessary or desirable to carry out the provisions hereof and to vest in
Parent the power to vote the Shares as contemplated by Section 4 hereof.
SECTION 8. Termination. Except as otherwise provided in this Agreement,
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this Agreement, and all rights and obligations of the parties hereunder,
including the proxy delivered herein, shall terminate immediately upon the
earlier of (i) the termination of the Merger Agreement in accordance with its
terms or (ii) the Effective Time; provided, however, that Sections 9 and 11
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shall survive any termination of this Agreement.
SECTION 9. Expenses. All fees and expenses incurred by any one party
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hereto shall be borne by the party incurring such fees and expenses.
SECTION 10. Public Announcements. Each of the Stockholders, Parent and
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Purchaser agrees that it will not issue any press release or otherwise make any
public statement with respect to this Agreement or the transactions contemplated
hereby
without the prior consent of the other party, which consent shall not be
unreasonably withheld or delayed; provided, however, that such disclosure can be
made without obtaining such prior consent if (i) the disclosure is required by
law, and (ii) the party making such disclosure has first used its best efforts
to consult with the other party about the form and substance of such disclosure.
SECTION 11. Miscellaneous.
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(a) Severability. If any term, provision, covenant or restriction of
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this Agreement is held by a court of competent jurisdiction to be invalid, void
or unenforceable, then the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.
(b) Binding Effect and Assignment. This Agreement and all of the
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provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns, but, except as
otherwise specifically provided herein, neither this Agreement nor any of the
rights, interests or obligations of the parties hereto may be assigned by either
of the parties without prior written consent of the other.
(c) Amendments and Modification. This Agreement may not be modified,
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amended, altered or supplemented except upon the execution and delivery of a
written agreement executed by the parties hereto.
(d) Specific Performance; Injunctive Relief. The parties hereto
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acknowledge that Parent shall be irreparably harmed and that there shall be no
adequate remedy at law for a violation of any of the covenants or agreements of
Stockholder set forth herein. Therefore, it is agreed that, in addition to any
other remedies that may be available to Parent upon any such violation, Parent
shall have the right to enforce such covenants and agreements by specific
performance, injunctive relief or by any other means available to Parent at law
or in equity.
(e) Notices. All notices and other communications pursuant to this
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Agreement shall be in writing and deemed to be sufficient if contained in a
written instrument and shall be deemed given if delivered personally,
telecopied, sent by nationally-recognized overnight courier or mailed by
registered or certified mail (return receipt requested), postage prepaid, to the
parties at the following address (or at such other address for a party as shall
be specified by like notice):
If to Parent: Agilent Technologies, Inc.
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, Xxxxxxxxxx 00000-0000
Attention: General Counsel
Telecopy No.: (000) 000-0000
With copies to: Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
Professional Corporation
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, Xxxxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxx, Esq.
Xxxx X. Xxxxxxxx, Esq.
Facsimile No.: (000) 000-0000
And Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
Professional Corporation
Xxx Xxxxxx
Xxxxx Xxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxxx, Esq.
Facsimile No.: (000) 000-0000
If to the Stockholder: To the address for notice set forth on the
signature page hereof.
With a copy to: Xxxxxxxx & Xxxxxxxx LLP
000 Xxxxxxx Xxxx, Xxxxx 0000
Xxxxxxxxxx, Xxxxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxx
Telecopy No.: (000) 000-0000
(f) Governing Law. This Agreement shall be governed by the laws of
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the State of Delaware, without giving effect to the conflicts of law principles
thereof.
(g) Entire Agreement. This Agreement and the Proxy contain the entire
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understanding of the parties in respect of the subject matter hereof, and
supersede all prior negotiations and understandings between the parties with
respect to such subject matter.
(h) Effect of Headings. The section headings are for convenience only
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and shall not affect the construction or interpretation of this Agreement.
(i) Counterparts. This Agreement may be executed in several
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counterparts, each of which shall be an original, but all of which together
shall constitute one and the same agreement.
(j) Action in Stockholder Capacity Only. The Stockholder makes no
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agreement or understanding herein in any capacity other than his capacity as a
record holder and beneficial owner of Shares and nothing herein shall limit or
affect any action taken in any other capacity as an officer or director of the
Company.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
The foregoing Agreement is hereby executed as of the date first above
written.
"PARENT"
AGILENT TECHNOLOGIES, INC.,
a Delaware corporation
By: ________________________________
Name: Xxxx Xxxxx
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Title: Vice President
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"MERGER SUB"
TAHOE ACQUISITION CORP.,
a Delaware corporation
By: ________________________________
Name: Xxxx Xxxxx
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Title: Vice President
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Signed: ________________________________
Name: Xxxxxxx X. Xxxxx, an individual
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Signed: ________________________________
Name: DTDV L.L.C.
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By: Xxxxxxx X. Xxxxx
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its Managing Member
Signed: ________________________________
Name: Vento L.L.C.
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By: Xxxxxxx X. Xxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxx Xxxxx L.L.C.
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By: Xxxxxxx X. Xxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxxxx Xxxxx L.L.C.
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By: Xxxxxxx X. Xxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxxx Xxxxx L.L.C.
---------------------------------
By: Xxxxxxx X. Xxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxx Xxxxx, an individual
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Signed: ________________________________
Name: DTLV L.L.C.
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By: Xxxx Xxxxx
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its Managing Member
Signed: ________________________________
Name: Xxx X. Xxxxxxx, an individual
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Signed: ________________________________
Name: Xxxxxxx L.L.C.
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By: Xxx X. Xxxxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxxx Xxxxxxx, an individual
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Signed: ________________________________
Name: Xxxxx Xxxxxxx L.L.C.
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By: Xxxxxxx Xxxxxxx Xxxxxx
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its Managing Member
Signed: ________________________________
Name: Xxxx Xxxx Xxxxxxx L.L.C.
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By: Xxxxxxx Xxxxxxx Xxxxxx
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its Managing Member
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