VOTING AGREEMENT BY AND AMONG CP HOLDCO, LLC AND THE ENTITIES AND PERSONS NAMED ON SCHEDULE I HERETO DATED AS OF DECEMBER 5, 2007
Exhibit 99.4
BY AND AMONG
CP HOLDCO, LLC
AND
THE ENTITIES AND PERSONS NAMED ON SCHEDULE I HERETO
DATED AS OF DECEMBER 5, 2007
Table of Contents
Page | ||||||||
ARTICLE I CERTAIN DEFINITIONS | 2 | |||||||
Section 1.1 | Capitalized Terms |
2 | ||||||
Section 1.2 | Other Definitions |
2 | ||||||
ARTICLE II AGREEMENT TO VOTE | 3 | |||||||
Section 2.1 | Agreement to Vote |
3 | ||||||
Section 2.2 | Additional Shares |
5 | ||||||
Section 2.3 | Restrictions on Transfer, Etc. |
5 | ||||||
Section 2.4 | Acknowledgement |
5 | ||||||
ARTICLE III REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS | 5 | |||||||
Section 3.1 | Authority Relative to this Agreement |
5 | ||||||
Section 3.2 | No Conflict |
6 | ||||||
Section 3.3 | Ownership of Shares |
6 | ||||||
Section 3.4 | No Finder’s Fee |
6 | ||||||
Section 3.5 | Reliance by the Purchaser Parties |
7 | ||||||
ARTICLE IV ADDITIONAL COVENANTS OF THE SHAREHOLDERS | 7 | |||||||
Section 4.1 | Restriction on Conversion |
7 | ||||||
Section 4.2 | Waiver of Appraisal Rights |
7 | ||||||
Section 4.3 | Disclosure |
7 | ||||||
Section 4.4 | No Inconsistent Agreement; Non-Interference; Further Assurances |
7 | ||||||
ARTICLE V TERMINATION | 8 | |||||||
Section 5.1 | Termination |
8 | ||||||
ARTICLE VI MISCELLANEOUS | 8 | |||||||
Section 6.1 | Notices |
8 | ||||||
Section 6.2 | Parties in Interest |
8 | ||||||
Section 6.3 | Governing Law; Consent to Jurisdiction; Waiver of Jury Trial |
8 | ||||||
Section 6.4 | Severability |
9 | ||||||
Section 6.5 | Assignment; Successors and Assigns |
9 | ||||||
Section 6.6 | Amendments; Waivers |
9 | ||||||
Section 6.7 | Fees and Expenses |
9 | ||||||
Section 6.8 | Entire Agreement |
10 | ||||||
Section 6.9 | Remedies Cumulative |
10 | ||||||
Section 6.10 | Counterparts; Effectiveness; Execution |
10 | ||||||
Section 6.11 | Specific Performance |
10 |
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Page | ||||||||
Section 6.12 | Additional Shareholders |
10 |
SCHEDULES
Schedule I
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Shareholders | |
Schedule II
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Owned Shares; Company Derivatives |
ii
THIS VOTING AGREEMENT (this “Agreement”) is dated as of December 5, 2007, by and among
CP Holdco, LLC, a Delaware limited liability company (“Parent”) and the entities and
persons set forth on Schedule I attached hereto (each, a “Shareholder” and
collectively, the “Shareholders”).
RECITALS
WHEREAS, concurrently with the execution of this Agreement, Parent, CP Merger Co., a
California corporation and a wholly-owned subsidiary of Parent (“Merger Sub”, and, jointly
with Parent, the “Purchaser Parties”) and Critical Path, Inc., a California corporation
(the “Company”) have entered into that certain Agreement and Plan of Merger, dated as of
the date hereof (as it may be amended, supplemented, modified from time to time, the “Merger
Agreement”), which provides, among other things, for the merger of Merger Sub with and into the
Company (the “Merger”) and certain other transactions contemplated therein, upon the terms
and subject to the conditions set forth therein;
WHEREAS, in connection with the transactions contemplated by the Merger Agreement, the Company
proposes to amend and restate its Articles of Incorporation (the “Restated Articles”);
WHEREAS, each Shareholder is the record and Beneficial Owner (as defined below) of, and has
the sole right to vote and dispose of, that number of shares of (i) Common Stock, par value $0.001
per share, of the Company (the “Common Stock”), (ii) Series D Cumulative Redeemable
Convertible Preferred Stock, par value $0.001 per share, of the Company (the “Series D
Preferred Stock”) and/or (iii) Series E Redeemable Convertible Preferred Stock, par value
$0.001 per share, of the Company (the “Series E Preferred Stock”), set forth next to such
Shareholder’s name on Schedule II hereto; and
WHEREAS, as an inducement and condition to the Purchaser Parties entering into the Merger
Agreement and incurring the obligations therein, the Purchaser Parties have required that each
Shareholder enter into this Agreement and the Shareholders, as an inducement to the Purchaser
Parties entering into the Merger Agreement and incurring the obligations therein, have agreed to
enter into this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements
contained herein, the parties hereto, intending to be legally bound, agree as follows:
ARTICLE I
CERTAIN DEFINITIONS
Section 1.1 Capitalized Terms. Each capitalized term used in this Agreement and not
defined herein shall have the meaning ascribed to such term in the Merger Agreement.
Section 1.2 Other Definitions. For the purposes of this Agreement:
(a) “Agreement” has the meaning set forth in the Preamble.
(b) “Beneficial Owner” or “Beneficial Ownership” with respect to any
securities means having “beneficial ownership” of such securities (as determined pursuant to Rule
13d-3 under the Exchange Act).
(c) “CK Shareholders” means, collectively, those Shareholders set forth under the
heading “CK Shareholders” in Schedule I hereto.
(d) “Common Stock” has the meaning set forth in the Recitals.
(e) “Expiration Time” has the meaning set forth in Section 2.1(a).
(f) “GA Shareholders” means, collectively, those Shareholders set forth under the
heading “GA Shareholders” in Schedule I hereto.
(g) “Legal Actions” means any claims, actions, suits, demand letters, judicial,
administrative or regulatory proceedings, or hearings, notices of violation, or investigations.
(h) “Merger Agreement” has the meaning set forth in the Recitals.
(i) “Merger Sub” has the meaning set forth in the Recitals.
(j) “Owned Shares” has the meaning set forth in Section 2.1(a).
(k) “Parent” has the meaning set forth in the Preamble.
(l) “Permits” means all authorizations, licenses, consents, certificates,
registrations, approvals, orders and other permits of any Governmental Authority.
(m) “Purchaser Parties” has the meaning set forth in the Recital.
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(n) “Representative” means, with respect to any particular Person, any director,
officer, employee, agent or other representative of such Person, including any consultant,
accountant, legal counsel or investment banker.
(o) “Restated Articles” has the meaning set forth in the Recitals.
(p) “Series D Preferred Stock” has the meaning set forth in the Recitals.
(q) “Series E Preferred Stock” has the meaning set forth in the Recitals.
(r) “Shareholder” has the meaning set forth in the Preamble.
(s) “Shares” shall mean, for the purposes of this Agreement, all the shares of Common
Stock, Series D Preferred Stock, Series E Preferred Stock and other voting securities into which
such shares may be reclassified, sub-divided, consolidated or converted and any rights and benefits
arising therefrom, including any dividends or distributions of securities which may be declared in
respect of such shares and entitled to vote in respect of the matters contemplated by Article II
and all other capital stock of the Company entitled to vote in respect of the matters contemplated
by Article II.
(t) “Shareholders’ Meeting” has the meaning set forth in Section 2.1(a).
(u) “Transfer” means, with respect to a security, the sale, grant, assignment,
transfer, pledge, encumbrance, hypothecation or other disposition of such security or the
Beneficial Ownership thereof (including by operation of Law), or the entry into any Contract to
effect any of the foregoing, including, for purposes of this Agreement, the transfer or sharing of
any voting power of such security or other rights in or of such security, the granting of any proxy
with respect to such security, depositing such security into a voting trust or entering into a
voting agreement with respect to such security.
ARTICLE II
AGREEMENT TO VOTE
Section 2.1 Agreement to Vote.
(a) Subject to the terms and conditions hereof, each Shareholder, severally and not jointly,
hereby irrevocably and unconditionally agrees that from and after the date hereof and until the
earliest to occur of (i) the conversion, after the Reverse Split, of all then outstanding shares of
Series D Preferred Stock and Series E Preferred Stock into shares of Common Stock, (ii) the
termination of the Merger Agreement in accordance with its terms, and (iii) the written agreement
of the Purchaser
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Parties, the GA Shareholders and the CK Shareholders to terminate this Agreement (such
earliest occurrence being the “Expiration Time”), at any meeting (whether annual or
special, and at each adjourned or postponed meeting) of the Company’s shareholders, however called,
or in any other circumstances (including any action by written consent) upon which a vote or other
consent or approval is sought (any such meeting or other circumstance, a “Shareholders’
Meeting”), each Shareholder will (x) appear at such a meeting or otherwise cause its Owned
Shares to be counted as present thereat for purposes of calculating a quorum and respond to any
other request by the Company for written consent, if any, and, unless otherwise expressly consented
to in writing by the Purchaser Parties, in their sole discretion, and (y) vote, or cause to be
voted, all of such Shareholder’s Shares Beneficially Owned by such Shareholder as of the relevant
time (“Owned Shares”) (A) in favor of the adoption of the Merger Agreement (whether or not
recommended by the Company Board of Directors or any committee thereof) and the approval of the
transactions contemplated thereby, including the Merger, (B) in favor of the adoption of the
Restated Articles (whether or not recommended by the Company’s Board of Directors or any committee
thereof), and (C) in favor of the approval of any other matter to be approved by the shareholders
of the Company to facilitate the transactions contemplated by the Merger Agreement and the filing
of the Restated Articles. In addition, upon written notice from any GA Shareholder or any CK
Shareholder that such GA Shareholder or CK Shareholder is electing to convert its shares of Series
D Preferred Stock (if any) and Series E Preferred Stock into shares of Common Stock, each other
Shareholder holding any shares of Series D Preferred Stock or Series E Preferred Stock shall
immediately elect to convert all of its shares of Series D Preferred Stock and Series E Preferred
Stock into shares of Common Stock pursuant to Section 7(aa) of Article V.C of the Restated Articles
then in effect.
(b) Notwithstanding anything to the contrary contained in this Agreement, each of Xxxxx
Xxxxxxx, Richmond I, LLC, Richmond III, LLC, the Xxxxxxx Foundation, Xxxxxx Xxxxxxx, Trust FBO
Xxxxx and Xxxxxxxxx Xxxxxxx, Xxxxxxxxx Xxxxxxx, Xxxxx Xxxxxxx and Xxxx Xxxxxxx (collectively, the
“Current Xxxxxxx Shareholders”) and Richmond CP LLC (“Richmond CP”), hereby jointly
and severally agree that (i) as soon as practicable after the date hereof (but in any event not
more than five (5) days after the date hereof), each of the Current Xxxxxxx Shareholders shall
assign, transfer, convey and deliver to Richmond CP, and Richmond CP shall accept the assignment
and transfer from such Current Xxxxxxx Shareholder, all of the right, title and interest in and to
(x) the Owned Shares of such Current Xxxxxxx Shareholder set forth opposite its name on
Schedule II attached hereto and (y) all rights and obligations (including, without
limitation, the obligation to vote its Owned Shares pursuant to the terms hereof) of such Current
Xxxxxxx Shareholder pursuant to or arising out of this Agreement, and (ii) upon such assignment and
transfer, Richmond CP hereby assumes and agrees to perform and discharge in full as and when due
any and all liabilities and obligations of each of the Current Xxxxxxx Shareholders, of any type
whatsoever, arising out of or relating to the Owned Shares or this Agreement, whether accruing
before, on or after the date hereof. Upon the completion of such transfers pursuant to this
Section 2.1(b), Schedule II hereto shall be amended in accordance with the provisions of
Section 6.6.
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Section 2.2 Additional Shares. Each Shareholder, severally and not jointly, hereby
agrees, while this Agreement is in effect, promptly to notify the Purchaser Parties of the number
of any new Shares or equivalent thereof with respect to which Beneficial Ownership is acquired by
such Shareholder, if any, after the date hereof and before the Expiration Time. Any such Shares
shall automatically become subject to the terms of this Agreement as Owned Shares as though owned
by such Shareholder as of the date hereof.
Section 2.3 Restrictions on Transfer, Etc. Except as provided for herein, each
Shareholder, severally and not jointly, agrees, from the date hereof until the Expiration Time, not
to (i) directly or indirectly Transfer, offer to Transfer or contract to Transfer any Owned Shares
or Company Derivatives (other than (x) Transfers to Parent pursuant to that certain Conversion and
Contribution Agreement, dated the date hereof, among Parent and the shareholders of the Company
named therein and (y) Transfers by each Current Xxxxxxx Shareholder to Richmond CP pursuant to
Section 2.1(b)); (ii) tender any Owned Shares or Company Derivatives into any tender or exchange
offer; or (iii) otherwise restrict the ability of such Shareholder freely to exercise all voting
rights with respect thereto. Any action attempted to be taken in violation of the preceding
sentence shall be deemed null and void. Each Shareholder, severally and not jointly, further
agrees to authorize and hereby authorizes the Purchaser Parties and the Company to notify the
Company’s transfer agent and the Paying Agent that there is a stop transfer order with respect to
all of the Owned Shares and that this Agreement places limits on the voting of the Owned Shares.
Section 2.4 Acknowledgement. Each Shareholder hereby acknowledges receipt and review
of a copy of the Merger Agreement.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS
The Shareholders, severally and not jointly, represent and warrant to the Purchaser Parties as
of the date of this Agreement and at all times during the term of this Agreement, as follows:
Section 3.1 Authority Relative to this Agreement. (i) Each Shareholder has the
requisite capacity and authority to execute and deliver this Agreement, to fulfill and perform such
Shareholder’s obligations hereunder and to consummate the transactions contemplated hereby and
(ii) the execution and delivery of this Agreement by each Shareholder and the consummation by each
Shareholder of the transactions to be consummated by it as contemplated hereby have been duly and
validly executed and delivered by such Shareholder and, assuming the due authorization, execution
and delivery by Parent, constitutes a legal, valid and binding agreement of such Shareholder
enforceable by the Purchaser Parties against such Shareholder in accordance with its terms and no
other proceedings on the part of such Shareholder are necessary to authorize this Agreement, to
perform such obligations or to consummate such transactions.
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Section 3.2 No Conflict. Other than the filing by a Shareholder of any reports with
the SEC required by Sections 13(d) or 16(a) of the Exchange Act, none of the execution and delivery
of this Agreement by a Shareholder, the consummation by a Shareholder of the transactions
contemplated hereby or compliance by a Shareholder with any of the provisions hereof (i) requires
any consent or other permit of, or filing with or notification to, any Governmental Authority or
any other Person by such Shareholder, (ii) results in a violation or breach of, or constitutes
(with or without notice or lapse of time or both) a default (or gives rise to any third party right
of termination, cancellation, material modification or acceleration) under any of the terms,
conditions or provisions of any organizational document or contract to which such Shareholder is a
party or by which such Shareholder or any of such Shareholder’s properties or assets (including
such Shareholder’s Owned Shares) may be bound, (iii) violates any Law applicable to such
Shareholder or any of such Shareholder’s properties or assets (including such Shareholder’s Owned
Shares), or (iv) results in a Lien upon any of such Shareholder’s properties or assets (including
such Shareholder’s Owned Shares).
Section 3.3 Ownership of Shares. The number of Shares of the Company constituting
Owned Shares of each Shareholder as of the date hereof and the number and type of Company
Derivatives held or Beneficially Owned by such Shareholder are set forth next to such Shareholder’s
name on Schedule II of this Agreement. Such Shareholder is, and in the case of Richmond
CP, will be upon transfer of the Owned Shares by the Current Xxxxxxx Shareholders as provided in
Section 2.1(b) hereof, the record and Beneficial Owner and has, and in the case of Richmond CP,
upon such transfer of the Owned Shares by the Current Xxxxxxx Shareholders will have, good, valid
and marketable title, free and clear of any Liens (other than those arising under this Agreement),
of the Owned Shares, and, except as provided in this Agreement, has, and in the case of Richmond
CP, upon transfer of the Owned Shares by the Current Xxxxxxx Shareholders as provided in Section
2.1(b) hereof will have, full and unrestricted power to dispose of and vote all of such
Shareholder’s Owned Shares without the consent or approval of, or any other action on the part of
any other Person, and has not granted any proxy inconsistent with this Agreement that is still
effective or entered into any voting or similar agreement with respect to, such Shareholder’s Owned
Shares. The Owned Shares set forth next to such Shareholder’s name on Schedule II hereto
constitute all of the capital stock of the Company that is Beneficially Owned by such Shareholder
as of the date hereof, and, except for such Shareholder’s Owned Shares and Company Derivatives and
the Owned Shares and Company Derivatives owned by the other Shareholders who are parties to this
Agreement, such Shareholder and such Shareholder’s Affiliates do not Beneficially Own or have any
right to acquire (whether currently, upon lapse of time, following the satisfaction of any
conditions, upon the occurrence of any event or any combination of the foregoing) any Shares or any
securities convertible into Shares.
Section 3.4 No Finder’s Fee. No broker, investment banker, financial advisor or other
person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or
commission in connection with the transactions contemplated hereby based upon arrangements made by
or on behalf of the Shareholders.
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Section 3.5 Reliance by the Purchaser Parties. Each Shareholder understands and
acknowledges that Parent and Merger Sub are entering into the Merger Agreement in reliance upon the
Shareholders’ execution and delivery of this Agreement.
ARTICLE IV
ADDITIONAL COVENANTS OF THE SHAREHOLDERS
Section 4.1 Restriction on Conversion. Each Shareholder, severally and not jointly,
hereby agrees, from the date hereof until the Expiration Time, not to voluntarily convert any
shares of Series D Preferred Stock, Series E Preferred Stock or any other capital stock of the
Company held or Beneficially Owned by such Shareholder into shares of Common Stock,
provided that, for the avoidance of doubt, voting in favor of the Restated Articles in
accordance with Section 2.1(a) hereof shall not be deemed a violation of this Section 4.1.
Notwithstanding the foregoing restriction, Shareholders holding shares of Series D Preferred Stock
may convert that number of shares of Series D Preferred Stock pursuant to and in satisfaction of
their respective obligations under Section 1.1 of the Conversion and Contribution Agreement, dated
as of the date hereof, by and among such Shareholders, Parent and the other Shareholders named
therein, as the same may be amended from time to time.
Section 4.2 Waiver of Appraisal Rights. Each Shareholder, severally and not jointly,
hereby irrevocably and unconditionally waives, and agrees to prevent the exercise of, any rights of
appraisal, any dissenters’ rights or any similar rights under applicable Laws (including, without
limitation, the CGCL) relating to the Merger and the other transactions contemplated by the Merger
Agreement, the adoption of the Restated Articles or any related transaction that such Shareholder
may directly or indirectly have by virtue of the record or Beneficial Ownership of any Shares.
Section 4.3 Disclosure. Each Shareholder, severally and not jointly, hereby
authorizes the Purchaser Parties and the Company to publish and disclose in any announcement or
disclosure required by the SEC or other Governmental Authority such Shareholder’s identity and
ownership of the Owned Shares and the nature of such Shareholder’s obligation under this Agreement.
Section 4.4 No Inconsistent Agreement; Non-Interference; Further Assurances. Each
Shareholder, severally and not jointly, hereby covenants and agrees that it shall not enter into
any agreement that would restrict, limit or interfere with the performance of its obligations
hereunder or under the Merger Agreement. Each Shareholder, severally and not jointly, agrees that,
prior to the termination of this Agreement, such Shareholder shall not take any action that would
make any representation or warranty of such Shareholder contained herein untrue or incorrect or
have the effect of preventing, impeding, interfering with or adversely affecting the performance by
such Shareholder of its obligations under this Agreement. Each Shareholder agrees, without further
consideration, to execute and deliver such additional documents and to take such further actions as
necessary or reasonably requested by the
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Purchaser Parties to confirm and assure the rights and obligations set forth in this Agreement
or to consummate the transactions contemplated by this Agreement.
ARTICLE V
TERMINATION
Section 5.1 Termination. This Agreement shall terminate without further action at the
Expiration Time; provided that, notwithstanding the foregoing, Article VI of this Agreement
shall survive any termination of this Agreement. For the avoidance of doubt, the termination of
this Agreement shall not relieve any party of liability for any breach of this Agreement prior to
the time of termination.
ARTICLE VI
MISCELLANEOUS
Section 6.1 Notices. Any notice, request, instruction or other communication under
this Agreement shall be in writing and delivered by hand or overnight courier service or by
facsimile, (i) if to a Shareholder, to the address set forth below such Shareholder’s name on
Schedule I hereto, and (ii) if to the Purchaser Parties, in accordance with Section 8.3 of the
Merger Agreement, or to such other Persons, addresses or facsimile numbers as may be designated in
writing by the Person entitled to receive such communication as provided above. Each such
communication will be effective (A) if delivered by hand or overnight courier service, when such
delivery is made at the address specified in this Section 6.1, or (B) if delivered by facsimile,
when such facsimile is transmitted to the facsimile number specified in this Section 6.1 and
appropriate confirmation is received.
Section 6.2 Parties in Interest. Other than with respect to the parties to this
Agreement, nothing in this Agreement, express or implied, is intended to or shall confer upon any
person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
Section 6.3 Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This
Agreement shall be construed, and the rights and obligations of the parties hereunder determined,
in accordance with and governed by the law of the state of Delaware. The parties hereto
irrevocably submit to the exclusive jurisdiction of any state or federal court sitting in the State
of Delaware over any suit, action or proceeding arising out of or relating to this Agreement. To
the fullest extent they may effectively do so under applicable law, the parties hereto irrevocably
waive and agree not to assert, by way of motion, as a defense or otherwise, any claim that they are
not subject to the jurisdiction of any such court, any objection that they may now or hereafter
have to the laying of the venue of any such suit, action or proceeding brought in any such court
and any claim that any such suit, action or proceeding brought in any such court has been brought
in an inconvenient forum. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
ANY RIGHT IT MAY HAVE TO TRIAL BY
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JURY IN CONNECTION WITH ANY MATTER RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF THE OTHER PARTIES HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTIES WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, AS APPLICABLE, AMONG
OTHER THINGS, BY THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH IN THIS SECTION.
Section 6.4 Severability. The provisions of this Agreement are severable and the
invalidity or unenforceability of any provision will not affect the validity or enforceability of
the other provisions of this Agreement. If any provision of this Agreement, or the application of
that provision to any Person or any circumstance, is invalid or unenforceable, (i) a suitable and
equitable provision will be substituted for that provision in order to carry out, so far as may be
valid and enforceable, the intent and purpose of the invalid or unenforceable provision and
(ii) the remainder of this Agreement and the application of that provision to other Persons or
circumstances will not be affected by such invalidity or unenforceability, nor will such invalidity
or unenforceability affect the validity or enforceability of that provision, or the application of
that provision, in any other jurisdiction.
Section 6.5 Assignment; Successors and Assigns. Neither this Agreement nor any right,
interest or obligation hereunder may be assigned by any party hereto, in whole or part (whether by
operation of Law or otherwise), without the prior written consent of the other parties hereto and
any attempt to do so shall be null and void; except that Merger Sub may assign, in its sole
discretion, any or all of its rights, interests and obligations under this Agreement to Parent or
any direct or indirect wholly-owned subsidiary of Parent. This Agreement shall be binding upon and
shall inure to the benefit of and be enforceable by the parties and their respective successors and
permitted assigns, heirs, executors, or devises.
Section 6.6 Amendments; Waivers. This Agreement may not be amended, and no provision
hereof may be waived, except by the express written agreement signed by Parent, the GA Shareholders
and the CK Shareholders, which agreement shall be binding upon all of the Shareholders. The
failure of any party to assert any of its rights under this Agreement or otherwise will not
constitute a waiver of such rights.
Section 6.7 Fees and Expenses. Except as expressly provided in this Agreement, each
party is responsible for its own fees and expenses (including the fees and expenses of financial
consultants, investment bankers, accountants and counsel) in connection with the entry into of this
Agreement and the consummation of the transactions contemplated hereby.
9
Section 6.8 Entire Agreement. This Agreement constitutes the entire agreement and
supersedes all other prior agreements, understandings, representations and warranties, both written
and oral, among the parties to this Agreement with respect to the subject matter of this Agreement.
Section 6.9 Remedies Cumulative. Except as otherwise provided in this Agreement, any
and all remedies expressly conferred upon a party to this Agreement will be cumulative with, and
not exclusive of, any other remedy contained in this Agreement, at law or in equity. The exercise
by a party to this Agreement of any one remedy will not preclude the exercise by it of any other
remedy.
Section 6.10 Counterparts; Effectiveness; Execution. This Agreement may be executed
in any number of counterparts, all of which are one and the same agreement. This Agreement will
become effective and binding upon each Shareholder when executed by such Shareholder and the
Purchaser Parties. This Agreement may be executed by facsimile signature by any party and such
signature is deemed binding for all purposes hereof, without delivery of an original signature
being thereafter required.
Section 6.11 Specific Performance. The parties to this Agreement agree that
irreparable damage would occur to Parent in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is
accordingly agreed that prior to the termination of this Agreement in accordance with Article V,
Parent will be entitled to an injunction or injunctions to prevent breaches of this Agreement and
to enforce specifically the terms and provisions of this Agreement in any court of the United
States or any state having jurisdiction, this being in addition to any other remedy to which Parent
is entitled at law or in equity.
Section 6.12 Additional Shareholders. Additional Shareholders shall become a party to
this Agreement upon their execution of this Agreement. Any such additional Shareholders who become
parties to this Agreement shall not affect the rights and obligations of any other party hereto.
[Remainder of page intentionally left blank]
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IN WITNESS WHEREOF, each party hereto has caused this Agreement to be signed as of the date
first above written.
CP HOLDCO, LLC |
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By: | /s/ Xxx X. Xxxxxxx | |||
Name: | Xxx X. Xxxxxxx | |||
Title: | President | |||
CP MERGER CO. |
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By: | /s/ Xxx X. Xxxxxxx | |||
Name: | Xxx X. Xxxxxxx | |||
Title: | President | |||
GA SHAREHOLDERS: | ||||||
GENERAL ATLANTIC PARTNERS 74, L.P. | ||||||
By: | General Atlantic LLC, Its general partner |
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By: | /s/ Xxxxxxx Xxxxxx | |||||
Name: | Xxxxxxx Xxxxxx | |||||
Title: | Managing Director | |||||
GAPSTAR, LLC | ||||||
By: | General Atlantic LLC, Its sole member |
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By: Name: |
/s/ Xxxxxxx Xxxxxx
|
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Title: | Managing Director |
GAP COINVESTMENT PARTNERS II, L.P. | ||||||
By: Name: |
/s/ Xxxxxxx Xxxxxx
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Title: | A General Partner | |||||
GAPCO GMBH & CO. KG | ||||||
By: | GAPCO Management GmbH, Its general partner |
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By: Name: |
/s/ Xxxxxxx Xxxxxx
|
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Title: | Managing Director | |||||
CK SHAREHOLDERS | ||||||
CAMPINA ENTERPRISES LIMITED | ||||||
By: Name: |
/s/ Ip Tak Xxxxx, Xxxxxx
|
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Title: | Director | |||||
CENWELL LIMITED | ||||||
By: Name: |
/s/ Ip Tak Xxxxx, Xxxxxx
|
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Title: | Authorised Person | |||||
DRAGONFIELD LIMITED |
SIGNATURE PAGE TO VOTING AGREEMENT
By: Name: |
/s/ Li Tzar Quoi, Xxxxxx
|
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Title: | Director | |||||
LION COSMOS LIMITED | ||||||
By: Name: |
/s/ Xxx Xxx Xxx, Xxxx
|
|||||
Title: | Director | |||||
ACE PARAGON HOLDINGS LIMITED | ||||||
By: Name: |
/s/ ILLEGIBLE
|
|||||
Title: | ||||||
RICHMOND CP LLC | ||||||
By: Name: |
/s/ Xxxxx X. Xxxxxxx
|
|||||
Title: | Managing Member | |||||
/s/ Xxxxx X. Xxxxxxx | ||||||
Xxxxx Xxxxxxx | ||||||
RICHMOND I, LLC |
SIGNATURE PAGE TO VOTING AGREEMENT
By: Name: |
/s/ Xxxxx X. Xxxxxxx
|
|||||
Title: | Managing Director | |||||
RICHMOND III, LLC | ||||||
By: Name: |
/s/ Xxxxx X. Xxxxxxx
|
|||||
Title: | Managing Director | |||||
/s/ Xxxxxx Xxxxxxx | ||||||
Xxxxxx Xxxxxxx | ||||||
THE XXXXXXX FOUNDATION | ||||||
By: Name: |
/s/ Xxxxxx Xxxxxxx
|
|||||
Title: | Authorized Signatory | |||||
TRUST FBO XXXXX AND XXXXXXXXX XXXXXXX | ||||||
By: Name: |
/s/ Xxxxxx Xxxxxxx
|
|||||
Title: | Trustee | |||||
/s/ Xxxxxxxxx Xxxxxxx | ||||||
Xxxxxxxxx Xxxxxxx | ||||||
/s/ Xxxxx Xxxxxxx | ||||||
Xxxxx Xxxxxxx |
SIGNATURE PAGE TO VOTING AGREEMENT
/s/ Xxxx Xxxxxxx | ||||||
Xxxx Xxxxxxx | ||||||
VECTIS-CP HOLDINGS, LLC | ||||||
By: Name: |
/s/ Xxxxxxx X. Xxxxxx
|
|||||
Title: | Managing Director | |||||
CROSSLINK CROSSOVER FUND IV, LP | ||||||
By: Name: |
/s/ Xxxxx Xxxxxxxx
|
|||||
Title: | Chief Financial Officer |
SIGNATURE PAGE TO VOTING AGREEMENT
SCHEDULE I
SHAREHOLDERS
1. GA Shareholders
General Atlantic Partners 74, L.P.
c/o General Atlantic Service Company, LLC
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
GapStar, LLC
c/o General Atlantic Service Company, LLC
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
GAP Coinvestment Partners II, L.P.
c/o General Atlantic Service Company, LLC
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
0 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Telecopier: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxxxx
GAPCO GmbH & Co. KG
Xxxxxxxxxxxx 00
00000 Xxxxxxxxxxx
Xxxxxxx
Telecopier: 49 211 602 888-57
Attention: Xxxxx X. Xxxxxxxxxx
00000 Xxxxxxxxxxx
Xxxxxxx
Telecopier: 49 211 602 888-57
Attention: Xxxxx X. Xxxxxxxxxx
2. CK Shareholders
Campina Enterprises Limited
7th Floor, Xxxxxx Kong Center
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
Cenwell Limited
00xx Xxxxx, Xxxxxxxxx Xxxxx
00 Xxxxxxxx Xxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
00 Xxxxxxxx Xxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
Dragonfield Limited
7th Floor, Xxxxxx Kong Center
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
Lion Cosmos Limited
7th Floor, Xxxxxx Kong Center
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
0 Xxxxx’x Xxxx Xxxxxxx
Xxxx Xxxx
Telecopier: (000) 0000-0000
Attention: Company Secretary
3. Other Shareholders
Richmond CP LLC
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Xxxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Richmond I, LLC
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Richmond III, LLC
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
The Xxxxxxx Foundation
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Xxxxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Trust FBO Xxxxx and Xxxxxxxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Xxxxxxxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Xxxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Xxxx Xxxxxxx
c/o Richmond Management LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopier: (000)000-0000
Attention: Xxxxx X. Xxxxxxx
Vectis-CP Holdings, LLC
000 Xxxxxxxxxx Xx, Xxxxx 0000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Ace Paragon Holdings Limited
00 Xxxxxxxx Xxxx, 00xx Xxxxx
Xxxxxxxxx 000000
Xxxxxxxxx 000000
Crosslink Crossover Fund IV, L.P.
Xxx Xxxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
SCHEDULE II
OWNED SHARES; COMPANY DERIVATIVES
COMPANY | ||||||
SHAREHOLDER | OWNED SHARES | DERIVATIVE | ||||
General Atlantic Partners
|
Series D: 2,091,218 | Series F Warrants: 146,615 | ||||
74, L.P.
|
Series E: 6,070,185 | |||||
GapStar, LLC
|
Series D: 159,091 | Series F Warrants: 11,358 | ||||
Series E: 466,928 | ||||||
GAP Coinvestment
|
Series D: 295,146 | Series F Warrants: 18,526 | ||||
Partners II, L.P.
|
Series E:783,036 | |||||
GAPCO GmbH & Co. KG
|
Series E: 13,183 | Series F Warrants: 285 | ||||
Campina Enterprises
|
Series D: 436,363 | Series F Warrants: 176,784 | ||||
Limited
|
Series E: 3,390,000 | |||||
Cenwell Limited
|
Series D: 436,364 | 0 | ||||
Series E: 3,113,333 | ||||||
Dragonfield Limited
|
Series E: 666,667 | 0 | ||||
Lion Cosmos Limited
|
Series E: 1,776,667 | 0 | ||||
Ace Paragon Holdings Limited |
Series E: 12,916,667 | 0 | ||||
Richmond CP LLC
|
0 | Series F Warrants: 32,142 | ||||
Xxxxx Xxxxxxx
|
Common: 1,454,203 | 0 | ||||
Richmond I, LLC
|
Common: 525,807 | 0 | ||||
Richmond III, LLC
|
Series E: 1,666,666 | 0 | ||||
The Xxxxxxx Foundation
|
Common: 498,700 | 0 | ||||
Series E: 254,800 |
COMPANY | ||||||
SHAREHOLDER | OWNED SHARES | DERIVATIVE | ||||
Xxxxxx Xxxxxxx
|
Common: 455,568 | 0 | ||||
Series E: 220,719 | ||||||
Trust FBO Xxxxx and
Xxxxxxxxx Xxxxxxx
|
Common: 111,100 Series E: 49,855 |
0 | ||||
Xxxxxxxxx Xxxxxxx
|
Common: 106,800 | 0 | ||||
Series E: 48,815 | ||||||
Xxxxx Xxxxxxx
|
Common: 50,000 | 0 | ||||
Series E: 13,795 | ||||||
Xxxx Xxxxxxx
|
Common: 47,300 | 0 | ||||
Series E: 12,025 | ||||||
Vectis-CP Holdings, LLC
|
Common: 5,672,378 | 0 | ||||
Crosslink Crossover Fund IV, L.P.
|
Series E: 3,445,370 | 0 | ||||