VOTING AGREEMENT
ILM Senior Living, Inc.
00 Xxxxx Xxxxxx
Xxxxx 0000
Xxxxxx, XX 00000
Dear Sirs:
The undersigned, Xxxxxxx X. Xxxx, has the right to vote
4,458,673 shares (the "Shares") of common stock, par value $.01 per share (the
"Common Stock"), of Capital Senior Living Corporation, a Delaware corporation
(the "Company"). All terms used but not defined herein shall have the meanings
assigned to such terms in that certain Agreement and Plan of Merger (the "Merger
Agreement") of even date hereof, among Capital Senior Living Acquisition, LLC
("Merger Sub"), Capital Senior Living Trust I, ILM Senior Living, Inc. and the
Company.
The undersigned agrees that he will, at any meeting of the stockholders
of the Company, however called prior to termination on or before October 31,
1999 or in connection with any written consent of such stockholders (in lieu of
any such meeting) vote (or cause to be voted) the Shares then held of record by
the undersigned or which the undersigned has the right to vote in favor of the
Merger (and the transactions contemplated thereby) and all other matters in
connection therewith submitted to the holders of the Common Stock for adoption
and approval.
The undersigned hereby permits the Company and Merger Sub to publish
and disclose in the Form S-4 (including therein the Company Proxy Statement and
the CSLC Proxy Statement and all schedules and exhibits filed with the SEC in
connection therewith) its identity and ownership of the Shares and the nature of
its commitments, arrangements and understandings under this letter agreement.
This letter agreement and the covenants hereunder shall attach to and
be coupled with an interest in the Shares and shall be binding upon any person
or entity to which legal or beneficial ownership of such Shares shall pass,
whether by operation of law or otherwise. This letter agreement shall be
governed by and construed in accordance with the laws of the State of Delaware,
without giving effect to the principles of conflicts of law thereof.
Sincerely,
/s/ Xxxxxxx X. Xxxx
----------------------------
Xxxxxxx X. Xxxx
VOTING AGREEMENT
ILM II Senior Living, Inc.
00 Xxxxx Xxxxxx
Xxxxx 0000
Xxxxxx, XX 00000
Dear Sirs:
The undersigned, Xxxxx X. Xxxxxx, has the right to vote
4,458,673 shares (the "Shares") of common stock, par value $.01 per share (the
"Common Stock"), of Capital Senior Living Corporation, a Delaware corporation
(the "Company"). All terms used but not defined herein shall have the meanings
assigned to such terms in that certain Agreement and Plan of Merger (the "Merger
Agreement") of even date hereof, among Capital Senior Living Acquisition, LLC
("Merger Sub"), Capital Senior Living Trust I, ILM II Senior Living, Inc. and
the Company.
The undersigned agrees that he will, at any meeting of the stockholders
of the Company, however called prior to termination on or before March 31, 2000
or in connection with any written consent of such stockholders (in lieu of any
such meeting) vote (or cause to be voted) the Shares then held of record by the
undersigned or which the undersigned has the right to vote in favor of the
Merger (and the transactions contemplated thereby) and all other matters in
connection therewith submitted to the holders of the Common Stock for adoption
and approval.
The undersigned hereby permits the Company and Merger Sub to publish
and disclose in the Form S-4 (including therein the Company Proxy Statement and
the CSLC Proxy Statement and all schedules and exhibits filed with the SEC in
connection therewith) its identity and ownership of the Shares and the nature of
its commitments, arrangements and understandings under this letter agreement.
This letter agreement and the covenants hereunder shall attach to and
be coupled with an interest in the Shares and shall be binding upon any person
or entity to which legal or beneficial ownership of such Shares shall pass,
whether by operation of law or otherwise. This letter agreement shall be
governed by and construed in accordance with the laws of the State of Delaware,
without giving effect to the principles of conflicts of law thereof.
Sincerely,
/s/ Xxxxx X. Xxxxxx
-----------------------
Xxxxx X. Xxxxxx
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