VOTING AGREEMENT
This Voting Agreement (this "Agreement") is made as of September 28, 2004
by and among Xxxxxxx Xxxxxx ("Keinan"), Xxx Xxxxxxxxx ("Xxxxxxxxx") and
Campbeltown Business Ltd. ("Campbeltown").
RECITALS
X. Xxxxxx is the holder of 3,644,664 shares of common stock, $.001 par
value per share, of Xfone, Inc. (the "Company").
B. Campbeltown is the holder of 720,336 shares of common stock, $.001
par value per share, of the Company, and 500,000 options to purchase
500,000 shares of common stock of the Company.
X. Xxxxxxxxx owns 20% of Campbeltown.
X. Xxxxxx is the Chairman of the Board of Directors of the Company,
Xxxxxxxxx is the President, Chief Executive Officer and Director of
the Company, and Campbeltown is a consultant to the Company.
X. Xxxxxx, Xxxxxxxxx and Campbeltown desire to enter into a mutual
voting agreement.
AGREEMENT
1. VOTING OF SHARES
During the term of this Agreement, each party to this Agreement shall vote
any shares of common stock of the Company owned and/or controlled by him only in
such manner as agreed, prior to any voting, by him and the other parties to this
Agreement.
In the event of any disagreement regarding the manner of voting, a party
to this Agreement shall not vote any shares of common stock of the Company owned
and/or controlled by him, unless the parties to this Agreement have first
settled the disagreement.
In order to remove any doubt, this Agreement applies to any and all common
stock of the Company which are owned directly and/or indirectly by any party to
this Agreement; and to any common stock of the Company as to which any party to
this Agreement has voting power, directly and/or indirectly.
2. ADDITIONAL SHARES OF STOCK
In the event additional shares of common stock of the Company are, at any
time during the term of this Agreement, issued to a party to this Agreement,
such additional shares shall automatically become subject to the terms and
provisions of this Agreement and shall be voted in accordance herewith.
In order to remove any doubt, this Agreement applies to any and all common
stock of the Company which will be issued upon exercise of any options and/or
warrants.
3. TERM
The term of this Agreement is ten (10) years.
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4. AUTHORIZATION
Each party hereto represents that this Agreement has been duly authorized,
executed and delivered by such party and constitutes a valid and binding
obligation of such party, enforceable against such party in accordance with its
terms.
5. SUCCESSORS
The provisions of this Agreement shall inure to the benefit of and shall
be binding upon the successors and assigns of the parties hereto.
6. COUNTERPARTS
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
7. AMENDMENT
This Agreement shall not be subject to modification or amendment in any
respect, except by an instrument in writing signed by all parties to this
Agreement.
8. GOVERNING LAW
This Agreement shall be governed by, construed and enforced in accordance
with the internal laws of the State of Nevada, without regard to principles of
conflict of laws.
9. SPECIFIC PERFORMANCE
The parties to this Agreement acknowledge that money damages may not be an
adequate remedy for violations of this Agreement and that any party may, in its
sole discretion, apply to a court of competent jurisdiction for specific
performance or injunctive or such other relief as such court may deem just and
proper to enforce this Agreement or to prevent any violation hereof and, to the
extent permitted by applicable law, each party waives any objection to the
imposition of such relief in appropriate circumstances.
10. NOTICES
All notices, demands or other communications desired or required to be
given by any party to any other party hereto shall be in writing and shall be
deemed effectively given upon (a) personal delivery to the party to be notified,
(b) upon confirmation of receipt of telecopy or other electronic facsimile
transmission, (c) five business days after deposit with a reputable overnight
courier, prepaid for priority overnight delivery and addressed as set forth in
(d), or (d) ten business days after deposit with the United Kingdom Post Office,
postage prepaid, and addressed as follows: (i) if to Keinan: 0 Xxxxxxx Xxxxxxx,
Xxxxxx XX00 0XX, Xxxxxx Xxxxxxx; (ii) if to Xxxxxxxxx: 0X Xxxxxxxx Xxxx Xxxxxx
X00 0XX, Xxxxxx Xxxxxxx ; (iii) if to Campbeltown: Rue Xxxxxx Xxxxxxxxxx 8, Xxxx
Xxxxxxx 0000 Xxxxxx 0000, Xxxxxxxxxxx; (iv) to such other addresses and to the
attention of such other individuals as any party shall have designated to the
other parties by notice given in the foregoing manner.
11. SEVERABILITY
If one or more provisions of this Agreement are held to be unenforceable
under applicable law, such provisions shall be excluded from this Agreement and
the balance of this Agreement shall be interpreted as if such provisions were so
excluded and shall be enforceable in accordance with its terms.
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12. ENTIRE AGREEMENT
This Agreement constitutes the full and entire understanding and agreement
of the parties with respect to the subject matter hereof and supersedes all
prior agreements with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.
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Xxxxxxx Xxxxxx
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Xxx Xxxxxxxxx
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Campbeltown Business Ltd.
