Exhibit 2.2
AGREEMENT
THIS AGREEMENT (this “
Agreement ”), dated as of October 7, 2007, among
ABM Industries Incorporated, a Delaware corporation (“
Parent ”), and Rivaz Overseas Corp. (the “
Shareholder ”).
RECITALS:
WHEREAS, OneSource Services Inc., an
international business company formed under the laws of Belize
(“ Target ”), Parent and OCo Merger Sub LLC, a
Delaware limited liability company and wholly owned subsidiary of
Parent (“ Merger Sub ”), have simultaneously
herewith entered into an Agreement and Plan of Merger, dated as of
the date hereof (the “ Merger Agreement ”),
pursuant to which Target will be merged with and into Merger Sub
with Merger Sub as the surviving company (the “ Merger
”);
WHEREAS, as of the date hereof, the
Shareholder has delivered the Target Shareholder Approval whereby
the Shareholder has adopted by written consent, in the
Shareholder’s capacity as a shareholder of Target, the Merger
Agreement and approved the transactions contemplated by the Merger
Agreement, including the Merger; and
WHEREAS, as an inducement and a
condition to entering into the Merger Agreement, Parent has
required that the Shareholder agree, and the Shareholder has
agreed, to enter into this Agreement.
NOW, THEREFORE, the parties hereto
agree as follows:
ARTICLE I
DEFINITIONS
1.1 Certain Definitions .
Initial capitalized terms used and not defined herein have the
meanings ascribed to them in the Merger Agreement. In addition, for
purposes of this Agreement, the following terms have the following
meanings when used herein with initial capital letters:
“
Beneficially Own ” 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. Without
duplicative counting of the same securities by the same holder,
securities Beneficially Owned by a person include securities
Beneficially Owned by all other persons with whom such person would
constitute a “group” within the meaning of Section
13(d) of the Exchange Act with respect to the securities of the
same issuer and include all securities Beneficially Owned by a
person’s affiliates. Notwithstanding anything in this
Agreement, the Shareholder, on the one hand, and Parent, on the
other hand, are not intended to be a “group” for
purposes of Rule 13d-5 of the Exchange Act and nothing in this
Agreement will be interpreted in a manner that requires that they
be deemed to be a “group” thereunder.
“
Shareholder Securities ” means the Existing Shares
together with any Target Ordinary Shares or other voting securities
of Target acquired by the Shareholder or any of the
Shareholder’s affiliates after the date hereof and prior to
the termination of this Agreement, whether upon the exercise of
options, warrants or rights, the conversion or exchange of
convertible or exchangeable securities, or by means of purchase,
dividend, distribution, split-up, recapitalization, combination,
exchange of shares or the like, gift, bequest, inheritance or as a
successor in interest in any capacity or otherwise.
ARTICLE II
AGREEMENTS OF THE PARTIES
2.1 Disclosure . The
Shareholder hereby agrees to provide to Parent, and to permit
Parent or Target to publish and disclose in all documents and
schedules filed with a Regulatory Agency and any press release or
other disclosure document which Parent or Target determines to be
necessary or desirable in connection with the Merger and any
transactions related thereto, the Shareholder’s identity and
ownership of the Shareholder Securities, any of the information
required by the United States securities laws and any of the terms
of this Agreement and the Merger Agreement. The Shareholder will
promptly provide to Parent all information and endeavor in good
faith to give such assistance to Parent as it may reasonably
require in connection with the preparation of documents to be sent
to the shareholders of Parent or Target, if any, or to be filed
with a Regulatory Agency and accompanying documents and matters
ancillary thereto in order to comply with the United States
securities laws or any other legal or regulatory requirement and
promptly notify Parent in writing of any material change in the
accuracy or impact of any information previously supplied to Parent
by or on behalf of the Shareholder.
2.2 Voting of Target Ordinary
Shares . (a) During the period commencing on the date
hereof and continuing until the earlier of the (i) Effective
Time and (ii) termination of the Merger Agreement in
accordance with its terms (the “ Term ”), in the
event that the Target Shareholder Approval for any reason is
declared or held unenforceable or otherwise becomes ineffective, at
any meeting of the shareholders of Target, any adjournment,
postponement or continuation thereof and in any other circumstance
(including any other annual or special meeting of the shareholders
of Target or any action by prior written consent) in which a vote,
consent or other approval with respect to the approval of the
Merger Agreement or any of the transactions contemplated by the
Merger Agreement by Target is sought, the Shareholder irrevocably
and unconditionally agrees to vote or to cause to be voted all of
the Shareholder Securities (A) in favor of the approval of the
Merger Agreement and the transactions contemplated hereby and
thereby (if applicable) and (B) against (1) any
Acquisition Proposal involving Target or any of the Target
Subsidiaries that is in competition or inconsistent with the Merger
Agreement, or any proposal to effect the foregoing which is made in
opposition to or in competition with the approval of the Merger
Agreement, (2) any liquidation or winding up of Target,
(3) any extraordinary dividend by Target, (4) any change
in the capital structure of Target (other than any change in
capital structure resulting from the Merger), and (5) any
other action that would reasonably be expected to (x) impede,
delay, postpone or interfere with the
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Merger,
(y) result in a breach of any of the representations,
warranties or covenants of Target under the Merger Agreement, or
(z) have a Target Material Adverse Effect.
(b) During
the Term, except as otherwise permitted by this Agreement or the
Merger Agreement or as required by order of a court of competent
jurisdiction, the Shareholder will not take any action that could
revoke the Target Shareholder Approval or restrict or otherwise
affect the effectiveness of the Target Shareholder Approval or the
Shareholder’s legal power, authority and right to vote all of
the Shareholder Securities as required by this Agreement, including
transferring Beneficial Ownership of any of the Shareholder
Securities, entering into any voting agreement with any person with
respect to any of the Shareholder Securities, granting any person
any proxy (revocable or irrevocable) or power of attorney with
respect to any of the Shareholder Securities, depositing any of the
Shareholder Securities in a voting trust or otherwise entering into
any agreement or arrangement with any person limiting or affecting
the Shareholder’s legal power, authority or right to vote the
Shareholder Securities in favor of the adoption of the Merger
Agreement and the transactions contemplated the Merger Agreement or
taking any of the foregoing actions with respect to any equity
interests of the Shareholder.
2.3 Proxy . During the Term,
the Shareholder hereby appoints Parent and any designee of Parent,
each of them individually, the proxy and attorney-in-fact of the
Shareholder, with full power of substitution and resubstitution, to
vote or act by written consent with respect to all of the
Shareholder Securities in accordance with Section 2.2(a). This
proxy is given to secure the performance of the duties and
obligations of the Shareholder under this Agreement. The
Shareholder affirms that the proxy granted hereunder is coupled
with an interest and is irrevocable until the expiration of the
Term, whereupon such proxy and power of attorney will automatically
terminate. The Shareholder will take such further action and
execute such other instruments as the Parent may reasonably request
to effectuate the intent of this proxy. The Shareholder represents
that any proxy heretofore given by it in respect of such
Shareholder Securities is not irrevocable, and hereby revokes any
and all such proxies.
2.4 Conduct of Target .
(a) The Shareholder, in such capacity, will use the
Shareholder’s reasonable best efforts to cause the Target
Board to:
(i) if a vote or consent is required,
recommend, without reservation, and not withdraw or adversely amend
such recommendation, that Target’s shareholders vote or
consent in favor of any resolution described in
Section 2.2(a)(A) above and against any resolution described
in Section 2.2(a)(B) above, provided , however ,
that the foregoing provisions will not apply to any affiliate of
the Shareholder in his or her capacity as a member of the Target
Board to the extent that such application would conflict with his
or her fiduciary duties as a director of Target;
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(ii) convene such meetings of
directors or shareholders of Target as may be necessary to pass
such resolutions as may be necessary to effect the Merger;
(iii) obtain or assist Target and
Parent, as applicable, to obtain the authorizations and consents
referenced in Sections 3.4 and 4.3 of the Merger
Agreement;
(iv) cooperate with all reasonable
requests from Parent relating to the business and/or the affairs of
Target; and
(v) not take any action intended to
cause, or that would be reasonably expected to result in, Target
failing to comply with the terms of the Merger Agreement (including
the covenants set forth in Article V), or which would result
in any condition to the Merger becoming less likely to be
satisfied; provided , however , that the foregoing
will not prevent any affiliate of the Shareholder from taking any
action required to be taken in connection with the due exercise of
his fiduciary duties as a director of Target.
(b) The
Shareholder, in such capacity, will use the Shareholder’s
reasonable best efforts to cause Target to comply with
Section 6.8 of the Merger Agreement and will not, and will
cause the Shareholder’s agents and representatives, and the
Shareholder’s affiliates and their officers, directors,
employees, agents and representatives, including any investment
banker, financial advisor, attorney, accountant or other retained
representative, not to, directly or indirectly solicit, initiate or
encourage or facilitate (including by way of furnishing
information) or participate in any discussions regarding or enter
into any agreement regarding, an Acquisition Proposal relating to
Target.
(c) Except
to the extent expressly permitted by Section 9.10 of the
Merger Agreement, the Shareholder will not make, and will use the
Shareholder’s reasonable best efforts to cause Target not to
make, in each case without the prior written consent of
Parent:
(i) any announcement in connection
with the Merger or any Acquisition Proposal; or
(ii) any announcement prior to the
public announcement of the Merger which refers expressly or
implicitly to the Merger or to an Acquisition Proposal.
(d) Nothing
in this Section 2.4 will limit or affect or be deemed to apply
to the actions, or freedom to act, of or by any affiliate of the
Shareholder who is a director of Target in his or her capacity as a
director of Target, to the extent such limitation or application
would result in a violation of such individual’s fiduciary
duties as a director under applicable law.
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ARTICLE III
REPRESENTATIONS AND WARRANTIES
3.1 Representations and Warranties
of the Shareholder . The Shareholder represents and warrants to
Parent as follows:
(a)
Ownership of Shares . The Shareholder is the sole record
owner of the number of Target Ordinary Shares listed opposite the
Shareholder’s name on the signature page hereto (the “
Existing Shares ”). Such Existing Shares constitute
all of the shares of capital stock of Target owned of record or
Beneficially Owned by the Shareholder. The Shareholder has sole
voting power and sole power to issue instructions with respect to
the matters set forth in Section 2.2 hereof, sole power of
disposition, sole power of conversion and sole power to agree to
all of the matters set forth in this Agreement, in each case with
respect to all of the Existing Shares with no limitations,
qualifications or restrictions on such rights, subject to
applicable securities laws and the terms of this Agreement. As of
the date hereof and immediately prior to the Effective Time, the
Shareholder does not Beneficially Own any Parent Capital Stock or
any other equity securities of Parent or any secur
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