Exhibit 4.2
VOTING AGREEMENT
VOTING AGREEMENT (this "Voting Agreement"), dated as of May
15, 2000 by and among WIT CAPITAL GROUP, INC., a corporation organized under the
laws of the State of Delaware ("Parent"), and each other person set forth on the
signature pages hereof (each individually a "Securityholder," and collectively,
the "Securityholders").
W I T N E S S E T H:
WHEREAS, concurrently with the execution and delivery of this
Voting Agreement, an Agreement and Plan of Merger (the "Merger Agreement") is
being entered into by and among Parent, Wit SoundView Corporation, a corporation
organized under the laws of the State of Delaware ("Merger Sub"), and E*OFFERING
Corp., a California corporation (the "Company"), pursuant to which the Company
will be merged with and into Merger Sub (the "Merger") and the Securityholders
will receive shares of common stock of Parent; and
WHEREAS, as a condition to, and in consideration for Parent's
willingness to enter into the Merger Agreement and to consummate the
transactions contemplated thereby, Parent has required that the Securityholders
enter into this Voting Agreement.
NOW, THEREFORE, in consideration of the foregoing and the
mutual representations, warranties, covenants and agreements contained herein,
the parties hereto, intending to be legally bound, agree as follows:
1. DEFINITIONS. For purposes of this Voting Agreement:
(1) "Beneficially Own" or "Beneficial ownership" with
respect to any securities shall mean having "beneficial ownership" of such
securities (as determined pursuant to Rule 13d-3 under the Securities Exchange
Act of 1934, as amended (the "Exchange Act")), including pursuant to any
agreement, arrangement or understanding, whether or not in writing; provided
that such beneficial ownership shall be limited to securities (not including
those that the Person (as defined in the Exchange Act) has a right to acquire
within 60 days unless so acquired) over which such Person has sole or shared
voting power. Without duplicative counting of the same securities by the same
holder, securities Beneficially Owned by a Person shall include securities
Beneficially Owned by all other Persons with whom such Person would constitute a
"group" within the meaning of Section 13(d)(3) of the Exchange Act and over
which such Person has sole or shared voting power.
(2) "Acquisition Proposal" shall mean any proposal or
offer to acquire all or a substantial part of the business or properties of the
Company or any Company Subsidiary or any capital stock of the Company or any
Company Subsidiary whether by merger, tender offer, exchange offer, stock
purchase, purchase of assets or similar transactions involving the Company or
any Subsidiary, division or operating or principal business unit of the Company
(other than the proposal or offer in connection with the transactions
contemplated by the Merger Agreement).
(3) Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Merger Agreement.
2. AGREEMENTS
(1) VOTING AGREEMENT. Each Securityholder shall, at
any meeting of the Securityholders of the Company, however such meeting is
called and regardless of whether such meeting is a special or annual meeting of
the Securityholders of the Company, or in connection with any written consent of
the Securityholders of the Company, vote all shares of Company Capital Stock
Beneficially Owned by such Securityholder: (i) to approve the Merger, the Merger
Agreement and the transactions contemplated thereby and the taking of any
actions proposed by the Company's Board of Directors necessary or appropriate in
furtherance thereof; and; (ii) against any Acquisition Proposal; and (iii)
against any action, proposal or agreement that would delay, impede, frustrate,
prevent or nullify this Voting Agreement or the Merger Agreement, or result in a
breach in any material respect of any covenant, representation or warranty or
any other obligation or agreement of the Company under the Merger Agreement or
which would delay, impede, frustrate, prevent or nullify the fulfillment of any
of the conditions set forth in Article IX of the Merger Agreement or result in
any change in the composition of the Company Board of Directors without the
prior written consent of Parent; and (iv) in favor of the Company's Fifth
Amended and Restated Articles of Incorporation in substantially the form
attached as Exhibit A.
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(2) NO INCONSISTENT ARRANGEMENTS. Each Securityholder
hereby covenants and agrees that it shall not (i) transfer (which term shall
include, without limitation, any sale, gift, pledge or other disposition), or
consent to any transfer of, any or all of such Securityholder's shares of
Company Capital Stock, or any interest therein in a manner inconsistent with the
continued validity of this Voting Agreement and the irrevocable proxy granted
pursuant hereto, unless each Person to which any such shares of Company Capital
Stock, or any interest therein, is or may be transferred shall have (A) executed
a counterpart of this Voting Agreement; and (B) agreed to hold such shares of
Capital Stock (or interest in such shares) subject to all terms and provisions
of this Voting Agreement; (ii) enter into any contract, option or other
agreement or understanding with respect to any transfer of any or all of such
shares of Company Capital Stock or any interest therein in a manner inconsistent
with the continued validity of this Voting Agreement and the irrevocable proxy
granted pursuant hereto, unless each Person to which any such shares of Company
Capital Stock, or any interest therein, is or may be transferred shall have (A)
executed a counterpart of this Voting Agreement; and (B) agreed to hold such
shares of company Capital Stock (or interest in such shares) subject to all
terms and provisions of this Voting Agreement, (iii) grant any proxy,
power-of-attorney or other authorization in or with respect to such shares of
Company Capital Stock in a manner inconsistent with the continued validity of
this Voting Agreement and the irrevocable proxy granted pursuant hereto, (iv)
deposit such shares of Company Capital Stock into a voting trust or enter into a
voting agreement or arrangement with respect to such shares of Company Capital
Stock in a manner inconsistent with the continued validity of this Voting
Agreement and the irrevocable proxy granted pursuant hereto, or (v) take any
other action that would in any way restrict, limit or interfere with the
performance of such Securityholders' obligations hereunder or the transactions
contemplated hereby or by the Merger Agreement; provided that this subsection
2(b)(v) does not apply to a Securityholder acting in his or her capacity as a
director of the Company.
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(3) GRANT OF IRREVOCABLE PROXY; APPOINTMENT OF
PROXIES. (i) Each Securityholder hereby irrevocably grants to, and appoints,
Xxxx Xxxxx and Xxxxx Xxxxxx, or either of them, in their respective capacities
as officers of Parent, and any individual who shall hereafter succeed to any
such office of Parent and each of them individually, such Securityholder's proxy
and attorney-in-fact (with full power of substitution), for and in the name,
place and stead of such Securityholder, to vote or give written consent with
respect to all of such Securityholder's shares of Company Capital Stock (A) in
favor of the Merger Agreement and the transactions contemplated by the Merger
Agreement, (B) against any Acquisition Proposal, and (C) in favor of the taking
by Company of all other actions proposed by the Company's Board of Directors
necessary or appropriate to give effect to the intent of this Section 2(e) (D)
against any action, proposal or agreement that would have the effect of
delaying, impeding, frustrating, preventing or nullifying this Voting Agreement
or the Merger Agreement, or result in a breach in any material respect of any
covenant, agreement, representation or warranty or any other obligation or
agreement of the Company under the Merger Agreement or which would delay,
impede, frustrate, prevent or nullify the fulfillment of any of the conditions
set forth in Article IX of the Merger Agreement or result in change in the
composition of the Company Board of Directors without the prior written consent
of Parent.
(1) Each Securityholder represents that any
proxies heretofore given in respect of such Securityholder's shares of Company
Capital Stock are not irrevocable, and that any such proxies inconsistent with
paragraph (c) above are, to the extent of such inconsistency, hereby revoked.
(2) Each Securityholder understands and
acknowledges that Parent is entering into the Merger Agreement in reliance upon
such Securityholder's execution and delivery of this Voting Agreement. Each
Securityholder hereby affirms that the irrevocable proxy set forth in this
Section 2(c) is given in connection with the execution of the Merger Agreement,
and that such irrevocable proxy is given to secure the performance of the duties
of such Securityholder under this Voting Agreement. Each Securityholder hereby
further affirms that the irrevocable proxy granted hereby is coupled with an
interest and may under no circumstances be revoked. Each Securityholder hereby
affirms that such irrevocable proxy shall survive such Securityholder's death,
incapacity or incompetence. Each Securityholder hereby ratifies and confirms all
that each such proxy may lawfully do or cause to be done by virtue hereof. Such
irrevocable proxy is executed and intended to be irrevocable in accordance with
Delaware Law and California Law.
(4) NO SOLICITATION. Each Securityholder hereby
agrees, in such Securityholder's capacity as a shareholder of the Company, that
neither such Securityholder nor any of such Securityholder's Affiliates shall
(and such Securityholder shall use such Securityholder's reasonable best efforts
to instruct its officers, directors and employees, if any, and its
representatives and agents not to, and to not permit any of them to), directly
or indirectly, knowingly encourage, solicit, participate in or initiate
discussions or negotiations with, or knowingly provide any non-public
information to, any Person (other than Parent, any of its Affiliates or
representatives) concerning any Acquisition Proposal.
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(5) CONSENT TO LOCK-UP. E*TRADE Group, Inc., and
entities controlled by it, General Atlantic Partners, LLC, and entities
controlled by it, and Softbank Corp., and entities controlled by it, hereby
consent to the deposit of a portion of their shares of common stock of Parent to
be received in the Merger into the Special Escrow Fund pursuant to Section
4.2(d) of the Merger Agreement and the prohibition on transfer for a three-year
period from the Effective Time as set forth in the Merger Agreement.
3. REPRESENTATIONS AND WARRANTIES OF THE SECURITYHOLDER. Each
Securityholder, severally and not jointly, hereby represents and warrants to
Parent as follows, except as set forth in the Disclosure Schedule, if any,
prepared and signed by the such Securityholder and delivered to Parent prior to
the execution hereof:
(1) OWNERSHIP OF SECURITIES. Such Securityholder is
the record and Beneficial Owner of the number of shares of Company Common Stock,
Series A Preferred Stock, Series B Preferred Stock and or Series C Preferred
Stock set forth opposite such Securityholder's name on Schedule B attached (the
"Existing Securities"). On the date hereof, the Existing Securities (i) assuming
the accuracy of the representations and warranties made by the Company in
Section 6.3 of the Merger Agreement, constitute the percentage of the total
number of shares of Company Common Stock, Series A Preferred Stock, Series B
Preferred Stock and or Series C Preferred Stock issued and outstanding as of the
date hereof as set forth opposite such Securityholder's name on Schedule B
attached, and (ii) constitute all of the shares of Company Stock, Series A
Preferred Stock, Series B Preferred Stock and or Series C Preferred Stock held
of record or Beneficially Owned by such Securityholder. Each Securityholder has
sole voting power and sole power to issue instructions with respect to the
matters set forth in Section 2 hereof, sole power of disposition, sole power of
conversion, sole power (if any) to demand appraisal rights and sole power to
agree to all of the matters set forth in this Voting Agreement, in each case
with respect to all of the Existing Securities with no limitations,
qualifications or restrictions on such rights, subject to applicable securities
laws and the terms of this Voting Agreement.
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(2) POWER; BINDING AGREEMENT. Such Securityholder has
the legal capacity, power and authority to enter into and perform all of such
Securityholder's obligations under this Voting Agreement. The execution,
delivery and performance of this Voting Agreement by such Securityholder will
not violate any other agreement to which such Securityholder is a party
including, without limitation, any voting agreement, proxy arrangement, pledge
agreement, shareholders agreement, transfer restriction agreement, sale
agreement or voting trust. This Voting Agreement has been duly and validly
executed and delivered by such Securityholder and constitutes a valid and
binding agreement of such Securityholder, enforceable against such
Securityholder in accordance with its terms. There is no beneficiary or holder
of a voting trust certificate or other interest of any trust of which such
Securityholder is a trustee whose consent is required for the execution and
delivery of this Voting Agreement or the consummation by such Securityholder of
the transactions contemplated hereby.
4. STOP TRANSFER. Each Securityholder shall not request that
the Company register the transfer (book-entry or otherwise) of any certificate
or uncertificated interest representing any of its, his or her Existing
Securities, unless such transfer is made in compliance with this Voting
Agreement. In the event of any conversion of any Series A Preferred Stock,
Series B Preferred Stock or Series C Preferred Stock included in any
Securityholder's Existing Securities into Company Common Stock, such Shares of
Company Common Stock shall also constitute Existing Securities of such
Securityholder. In the event any Securityholder exercises any options or other
rights to acquire Company Capital Stock, such Company Capital Stock shall be
added to such Securityholders' Existing Securities. In the event of any dividend
or distribution consisting of securities, or any change in the capital structure
of the Company by reason of any non-cash dividend, split-up, recapitalization,
combination, exchange of securities or the like, the term "Existing Securities"
shall refer to and include the Existing Securities as well as all such dividends
and distributions of securities and any securities into which or for which any
or all of the Existing Securities may be changed or exchanged.
5. TERMINATION. The representations, warranties, covenants,
agreements and proxy contained herein shall terminate upon the earlier to occur
of (i) the termination of the Merger Agreement in accordance with Article XI
thereof or (ii) the consummations of the transactions contemplated by the Merger
Agreement.
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6. MISCELLANEOUS.
(1) SPECIFIC PERFORMANCE. Each Securityholder
recognizes and agrees that if for any reason any of the provisions of this
Voting Agreement are not performed by such Securityholder in accordance with
their specific terms or are otherwise breached, immediate and irreparable harm
or injury would be caused to Parent for which money damages would not be an
adequate remedy. Accordingly, the Securityholder agrees that, in addition to any
other available remedies, Parent shall be entitled to an injunction restraining
any violation or threatened violation of the provisions of this Voting Agreement
without the necessity of Parent posting a bond or other form of security. In the
event that any action should be brought in equity to enforce the provisions of
this Voting Agreement, such Securityholder will not allege, and the
Securityholder hereby waives the defense, that there is an adequate remedy at
law.
(2) SEVERABILITY. Any term or provision of this
Voting Agreement which is invalid or unenforceable in any jurisdiction shall, as
to that jurisdiction, be ineffective to the extent of such invalidity or
unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Voting Agreement or affecting the validity or
enforceability of any of the terms or provisions of this Voting Agreement in any
other jurisdiction. Without limiting the foregoing, with respect to any
provision of this Voting Agreement, if it is determined by a court of competent
jurisdiction to be excessive as to duration or scope, it is the parties
intention that such provision nevertheless be enforced to the fullest extent
which it may be enforced.
(3) ATTORNEYS' FEES. If any action at law or equity,
including an action for declaratory relief, is brought to enforce or interpret
any provision of this Voting Agreement, the prevailing party shall be entitled
to recover reasonable attorneys' fees and expenses from the other party, which
fees and expenses shall be in addition to any other relief which may be awarded.
(4) GOVERNING LAW. THIS VOTING AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
CALIFORNIA, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE
PRINCIPLES OF CONFLICTS OF LAWS THEREOF.
(5) ENTIRE AGREEMENT. This Voting Agreement
constitutes the entire agreement among the parties with respect to the subject
matter of this Voting Agreement and supersedes all other prior agreements and
understandings, both written and oral, among the parties or any of them with
respect to the subject matter hereof.
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(6) CONSENT TO JURISDICTION, ETC. Each of the parties
hereto irrevocably and unconditionally submits to the non-exclusive jurisdiction
of the United States District Court for the Southern District of New York, the
Northern District of California or in any New York or California State Court
sitting in such district and having subject matter jurisdiction over such
matters, and each of the parties hereto consents and agrees to personal
jurisdiction and waives any objection as to the venue of such courts for
purposes of such action. The parties to this Voting Agreement agree to waive any
right to jury trial as to all disputes and any right to seek punitive or
consequential damages.
(7) 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
facsimile (which is confirmed), or by registered or certified mail (postage
prepaid, return receipt requested):
If to a Securityholder, see Schedule A attached.
and
E*OFFERING Corp.
Xxxxxxx Xxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxxxx Xxxxxx
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Xxxx, President
with copies to:
Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx X. Xxxxxx, Esq.
and
Xxxxxxx, Xxxxxxx & Xxxxxxxx LLP
Two Embarcadero Place
0000 Xxxx Xxxx
Xxxx Xxxx, Xxxxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Mo, Esq.
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If to Parent, to:
Wit Capital Group, Inc.
000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxxxxxx
Vice Chairman, Co-Chief Executive Officer
and President
with copies to:
Wit Capital Group, Inc.
000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxx X. Xxxxxx, Esq.
Senior Vice-President, Co-General Counsel
and
Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP
Xxxx Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attn: Xxxxxxx X. Xxxxx, Esq.
and
Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP
000 Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, Xxxxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Xxxx, Esq.
or to such other address as the person to whom notice is given may have
previously furnished to the others in writing in the manner set forth above.
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(8) DESCRIPTIVE HEADINGS; INTERPRETATION. The
descriptive headings herein are inserted for convenience of reference only and
are not intended to be part of or to affect the meaning or interpretation of
this Voting Agreement.
(9) ASSIGNMENT; BINDING AGREEMENT. This Voting
Agreement shall inure to the benefit of and be binding upon the parties hereto
and the respective heirs, legal representatives, estates, executors, successors
and permitted assigns of the parties and such persons. Nothing in this Voting
Agreement is intended or shall be construed to confer upon any entity or person
other than the parties hereto and their respective heirs, legal representatives,
estates, executors, successors and permitted assigns any right, remedy or claim
under or by reason of their Voting Agreement or any part hereof. Neither this
Voting Agreement nor any of the rights, interests or obligations hereunder shall
be assigned by any Securityholder without the prior written consent of Parent or
by Parent without the prior written consent of each Securityholder party hereto.
(10) AMENDMENT, MODIFICATION AND WAIVER. This Voting
Agreement may not be amended, modified or waived except by an instrument or
instruments in writing signed and delivered on behalf of the party hereto
against whom such amendment, modification or waiver is sought to be entered.
(11) COUNTERPARTS. This Voting Agreement may be
executed in two or more counterparts, each of which shall be deemed to be an
original, but all of which shall constitute one and the same agreement.
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IN WITNESS WHEREOF, the parties hereto have hereunto executed
this Voting Agreement as of May 15, 2000.
WIT CAPITAL GROUP, INC.
By: /s/ XXXXXX XXXXXXXX
----------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Vice-Chairman, Co-Chief
Executive Officer and President
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SCHEDULE A
SECURITYHOLDER ADDRESSES
XXXXXX X. XXXXXXXXXX
Xxxxxxxxxx Partners LLC
0000 Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Facsimile: 000-000-0000
CRUTTENDEN PARTNERS LLC
0000 Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxx X. Xxxxxxxxxx
XXXXX XXXXXX
0000 Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Facsimile: 000-000-0000
XXXXXXX XXXX
0000 Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Facsimile: 000-000-0000
XXXXXXXXXXX XXXXXXXXXX
0000 Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Facsimile: 000-000-0000
XXXXXXX XXXXXXXXX
Xxx Xxxxxxxx Xxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Facsimile: 000-000-0000
GENERAL ATLANTIC PARTNERS, 61 LP
c/o General Atlantic Service Corporation
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Facsimile: 203-622-8818
GAP COINVESTMENT PARTNERS II, LP
c/o General Atlantic Service Corporation
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Facsimile: 203-622-8818
Attention: Mr. Xxxxxxx Xxxx
with a copy to:
Xxxx, Weiss, Rifkind, Xxxxxxx & Xxxxxxxx
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000-0000
Facsimile: 212-757-3990
Attention: Xxxxxxx X. Xxxx
SOFTBANK TECHNOLOGY VENTURES V LP
000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: D. Xxx Xxxxxxx
Xxxxx Xxxxxxxxx
SOFTBANK TECHNOLOGY VENTURES ADVISORS FUND V LP
000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: D. Xxx Xxxxxxx
Xxxxx Xxxxxxxxx
SOFTBANK TECHNOLOGY VENTURES ENTREPRENEURS FUND V LP
000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: D. Xxx Xxxxxxx
Xxxxx Xxxxxxxxx
with a copy to:
Xxxxxx Godward LLP
0000 Xxxx Xxxx Xxxx
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, XX 00000-0000
Facsimile: 000-000-0000
Attention: Xxxxx X. Xxxxxx, Esq.
E*TRADE GROUP, INC.
0000 Xxxxxxxx Xxxxx
Xxxxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxx X. Xxxxxxxxxx
Xxxx Xxxxxxx, Esq.
with a copy to:
Xxxxxxx, Xxxxxxx & Xxxxxxxx LLP
Two Embarcadero Place
0000 Xxxx Xxxx
Xxxx Xxxx, XX 00000-0000
Facsimile: 000-000-0000
Attention: Xxxxxx X. Mo, Esq.
SCHEDULE B
EXISTING SECURITIES
Series A Series B Series C Percent of
Holder Common Stock Preferred Preferred Preferred Outstanding
---------------------------------------------------- --------------- -------------- -------------- ----------------
Xxxxxxxxxx, Xxxxxx X. 1,001,000 200,000 -- -- 5.27%
Cruttenden Partners LLC 350,000 -- -- -- 1.54%
Xxxxxx, Xxxxx 320,000 600,000 -- -- 4.04%
Xxxx, Xxxxxxx 214,000 -- -- -- 0.94%
Xxxxxxxxxx, Xxxxxxxxxxx 123,500 -- -- -- 0.54%
Xxxxxxxxx, Xxxxxxx 250,000 200,000 -- -- 1.97%
GAPCoinvestment Partners II LP -- -- -- 1,295,290 5.68%
General Atlantic Partners 61 LP -- -- -- 6,003,560 26.34%
Softbank Technology Ventures V LP -- -- -- 2,309,874 10.13%
Softbank Technology Ventures -- -- -- 61,529 0.27%
Advisors Fund V LP
Softbank Technology Ventures -- -- -- 41,502 0.18%
Entrepreneurs Fund V LP
E*TRADE Group, Inc. -- -- 2,500,000 2,872,506 23.57%
Total of above 2,258,500 1,000,000 2,500,000 12,584,261 18,342,761
