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EXHIBIT 4.1
SHAREHOLDER LETTER
November , 2000
DoubleClick Inc.
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxxx Xxxx, Esq.
Facsimile No: (000) 000-0000
Re: Shareholder Agreement by and between the undersigned and
DoubleClick Inc., dated as of September 24, 2000 (the
"Shareholder Agreement")
Dear Xx. Xxxx:
The undersigned shareholder entered into the Shareholder Agreement in
connection with the Agreement and Plan of Merger and Reorganization among
DoubleClick Inc. ("Parent"), Atlas Merger Sub, Inc. and @xxxx.xxx ("Company"),
as of September 24, 2000 (the "Original Agreement"). Terms used without
definition herein have the meaning ascribed thereto in the Shareholder
Agreement.
In connection with the execution and delivery of the Amended and
Restated Agreement and Plan of Merger and Reorganization among Parent, Atlas
Acquisition Corp., Atlas Merger Sub, Inc. and Company, dated as of the date
hereof (the "Amended Merger Agreement"), which amends and restates the Original
Agreement, the undersigned shareholder hereby:
1. Agrees that for purposes of the Shareholder Letter, the term (a)
"Merger Agreement" shall refer to the Amended Merger Agreement, (b)
"Transaction" shall refer to the acquisition by Parent of the outstanding
securities of Company pursuant to a statutory merger of Company with and into
Atlas Acquisition Corp. in which each outstanding share of capital stock of
Company will be converted into either a combination of shares of common stock of
Parent and cash, or all cash, as set forth in the Amended Merger Agreement, and
(c) "Proxy" shall refer to the irrevocable proxy in the form attached hereto as
Exhibit I.
2. Reaffirms all of its representations, warranties, covenants and
obligations under the Shareholder Agreement, including, without limitation, its
agreement to vote the Shares and any New Shares in favor of the approval and
adoption of the Amended Merger Agreement and of the Transaction.
3. Confirms that the entering into of the Amended Merger Agreement is
not an amendment of the Original Agreement in a manner materially adverse to its
interests.
Very truly yours,
SHAREHOLDER
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Name:
Title:
Agreed to and accepted as of the date first written above:
DOUBLECLICK INC.
By:
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Name:
Title:
cc: Xxxxx X. Xxxxxxx, Esq.
Xxxxxxx, Xxxxxxx & Xxxxxxxx LLP
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
Facsimile No: (000) 000-0000
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EXHIBIT I
IRREVOCABLE PROXY TO VOTE STOCK OF @XXXX.XXX
[ATTACHED]
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IRREVOCABLE PROXY TO VOTE STOCK OF @XXXX.XXX
The undersigned shareholder of @xxxx.xxx, a Tennessee corporation
("Company"), hereby irrevocably (to the full extent permitted by the Tennessee
Business Corporation Act) appoints the members of the Board of Directors of
DoubleClick Inc., a Delaware corporation ("Parent"), and each of them, or any
other designee of Parent, as the sole and exclusive attorneys and proxies of the
undersigned, with full power of substitution and resubstitution, to vote and
exercise all voting and related rights (to the full extent that the undersigned
is entitled to do so) with respect to the shares of capital stock of Company
indicated on the signature page hereto that are beneficially owned by the
undersigned (collectively, the "Shares") in accordance with the terms of this
Irrevocable Proxy. Upon the undersigned's execution of this Irrevocable Proxy,
any and all prior proxies given by the undersigned with respect to any Shares
are hereby revoked and the undersigned agrees not to grant any subsequent
proxies with respect to the Shares until after the Expiration Date (as defined
below).
This Irrevocable Proxy is irrevocable (to the extent provided in the
Tennessee Business Corporation Act), is coupled with an interest, and is granted
in consideration of Parent entering into that certain Amended and Restated
Agreement and Plan of Merger and Reorganization (the "Merger Agreement"), by and
among Parent, Atlas Acquisition Corp., a Delaware corporation and a wholly owned
subsidiary of Parent ("Merger Sub"), Atlas Merger Sub, Inc., a Tennessee
corporation and a wholly owned subsidiary of Parent, and Company, which Merger
Agreement provides for the merger of Company with and into Merger Sub (the
"Merger"). As used herein, the term "Expiration Date" shall mean the earlier to
occur of (i) such date and time as the Merger shall become effective in
accordance with the terms and provisions of the Merger Agreement, and (ii) the
date of termination of the Merger Agreement.
The attorneys and proxies named above, and each of them are hereby
authorized and empowered by the undersigned, at any time prior to the Expiration
Date, to act as the undersigned's attorney and proxy to vote the Shares, and to
exercise all voting and other rights of the undersigned with respect to the
Shares (including, without limitation, the power to execute and deliver written
consents pursuant to the Tennessee Business Corporation Act), at every annual,
special or adjourned meeting of the shareholders of Company and in every written
consent in lieu of such meeting in favor of approval and adoption of the Merger
Agreement (provided the Merger Agreement shall not have been amended in a manner
materially adverse to the interests of the undersigned) and of the transaction
contemplated thereby.
The attorneys and proxies named above may not exercise this Irrevocable
Proxy on any other matter except as provided above. The undersigned shareholder
may vote the Shares on all other matters. All authority herein conferred shall
survive the death or incapacity of the undersigned and any obligation of the
undersigned hereunder shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned.
This Irrevocable Proxy is coupled with an interest as aforesaid and is
irrevocable.
Dated: November __, 2000
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(Signature of Shareholder)
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(Print Name of Shareholder)
Shares beneficially owned:
__________ shares of Company Common Stock
