VOTING AGREEMENT AND IRREVOCABLE PROXY
Until the fifth anniversary of the date hereof, Corona Corporation
("Corona") hereby irrevocably agrees to vote all of its shares of common stock
(the "Common Stock") of Global Capital Partners, Inc. (the "Company") which
Corona (x) currently owns of record, (y) becomes the owner of record after the
date hereof, or (z) for which it has in any manner the right to vote, on the
record date for a vote (or solicitation of consents) of the Company's
shareholders, as may be directed by the Board of Directors of the Company on all
matters on which the shareholders of the Company are required or requested to
vote (or issue consents), whether at a meeting or by written consent. The
foregoing voting agreement shall be personal to Corona and any person or entity
affiliated with Corona and shall not bind any bona fide, non-affiliated third
party transferee of the shares. By its execution hereof and in order to secure
the obligations of Corona hereunder, Corona hereby irrevocably constitutes and
appoints Xxxxxx X. Xxxxxxxxxx and, if Xx. Xxxxxxxxxx shall be unavailable, the
Chief Executive Officer of the Company, and either of them, as its true and
lawful attorney-in-fact, with full power of substitution, to: (i) vote, in
accordance with the foregoing voting agreement, all shares of Common Stock which
Corona may be entitled to vote upon the election of directors and any other
matter that may be properly presented for a vote of shareholders at any annual
or special meeting of shareholders of the Company, and (ii) vote, in accordance
with the foregoing voting agreement, by means of a written consent of
shareholders, all shares of Common Stock which Corona may be entitled to vote
upon the election of directors and any other matter that may be properly
presented for the consent of shareholders by written consent in lieu of a vote
taken at any annual or special meeting of shareholders of the Company and (iii)
execute, acknowledge, swear to and file in the name, place and stead of Corona
any consent, approval, or other documents to be executed by the shareholders in
connection with such votes. The Proxy granted hereby is irrevocable and shall be
deemed coupled with an interest in the above described voting agreement for the
term stated herein and it shall survive any insolvency of Corona.
Notwithstanding anything herein to the contrary, in the event the Common Stock
of the Company is delisted from the NASDAQ National Market or otherwise stops
trading on such market for any reason (for purposes hereof, the effective date
of such event shall be referred to as the "Delisting Date"), Corona shall have
the right at any time thereafter to cancel and terminate this Irrevocable Proxy
immediately upon notice to the Company. The Company shall notify Corona of any
pending, threatened or actual Delisting Date or proposed delisting, and, at all
times after the Delisting Date, shall not have any right to vote the shares
subject to this Irrevocable Proxy without the consent of Corona.
IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of December 8, 2000.
CORONA CORPORATION GLOBAL CAPITAL PARTNERS, INC.
By: /S/ XXXX XXXXXXXX By: /S/ XXXXXX X. XXXXXXXXXX
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Xxxx Xxxxxxxx, President Xxxxxx X. Xxxxxxxxxx,
President
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