Voting Agreement and Irrevocable Proxy
This Voting Agreement and Irrevocable
Proxy (this “ Agreement ”),
dated as of April 11, 2007, is entered into by and among
Allen Systems Group, Inc. , a Delaware corporation
(the “ Parent ”), ASG M&A,
Inc. , a Delaware corporation and wholly-owned subsidiary
of the Parent (the “ Purchaser ”),
Mobius Management Systems, Inc. , a Delaware
corporation (the “ Company ”), and each
of the individuals set forth in Schedule I to this Agreement
(referred to herein individually as a “
Stockholder ”, and collectively as the
“ Stockholders ”).
RECITALS
WHEREAS , the Stockholders are, as of the date hereof,
the record and beneficial owners (as defined by Rule 13d-3
promulgated under the Securities Exchange Act of 1934, as amended
(“Rule 13d-3”)) of the number of shares of common
stock, par value $0.0001 per share, of the Company (“Common
Stock”) set forth opposite the name of each such Stockholder
on Schedule I hereto;
WHEREAS , the Parent, the Purchaser and the Company,
contemporaneously herewith, are entering into an Agreement and Plan
of Merger, dated as of the date hereof (the “ Merger
Agreement ”), whereby the Purchaser will merge with
and into the Company with the Company continuing as the surviving
corporation (the “ Merger ”) upon the
terms and subject to the conditions set forth in the Merger
Agreement (capitalized terms used in this Agreement which have not
been otherwise defined herein shall have the meanings ascribed to
them in the Merger Agreement);
WHEREAS , as a condition to the willingness of the
Parent and Purchaser to enter into the Merger Agreement and as an
inducement and in consideration therefor, the Stockholders have
agreed to enter into this Agreement;
WHEREAS , pursuant to the terms of this Agreement the
Stockholders have agreed, among other things, to furnish and grant
to the Parent their respective irrevocable proxies to vote the
Common Shares; and
WHEREAS , the Parent is relying on the irrevocable
proxies in incurring the expense in proceeding with, and in
undertaking all actions necessary, for the consummation of, the
Merger ; .
NOW,
THEREFORE , in
consideration of the foregoing and the mutual covenants and
agreements set forth herein and in the Merger Agreement, and
intending to be legally bound hereby, the parties hereto agree as
follows:
Section
1.
Representations and
Warranties of the Stockholders. Each Stockholder hereby represents and warrants
to the Parent and the Purchaser, severally, as follows:
(a) As of the date hereof, each Stockholder is the
record and beneficial owner (as defined by Rule 13d-3, referred to
herein as a “beneficial owner”) of and has good and
marketable title to: (a) that number of shares of Common Stock and
Restricted Shares with any voting rights (subject to any vesting,
repurchase or other lapse restrictions with respect to such
Restricted Shares) set forth opposite such Stockholder’s name
on Schedule I hereto (said Common Stock and Restricted Shares,
together with any voting shares of Company stock acquired by such
Stockholder after the date of this Agreement, whether upon the
exercise of Options or warrants to purchase shares of Common Stock
or otherwise, all as may be adjusted from time to time pursuant to
Section 5 hereof (the “ Shares ”), and
(b) Options and warrants to purchase that number of shares of
Common Stock set forth opposite such Stockholder’s name on
Schedule I hereto. Schedule I lists separately for each Stockholder
all of the Shares, Options and
warrants
beneficially owned (as defined by Rule 13d-3, referred to herein as
“beneficially owned” or as “beneficial
ownership”) by such Stockholder. Other than the Shares set
forth opposite such Stockholder’s name on Schedule I hereto,
such Stockholder does not beneficially own or hold any other
Shares, Options, warrants, or securities exercisable, convertible,
or exchangeable into Common Stock or Company voting
stock.
(b)
Each Stockholder who is a natural
person has the legal capacity to execute and deliver this Agreement
and to consummate the transactions contemplated hereby. In the case
of any Stockholder that is a limited partnership,
such Stockholder is an entity duly organized and validly existing
under the Laws of the jurisdiction in which it is constituted, and
each such Stockholder has all requisite power and authority to
execute and deliver this Agreement and to consummate the
transactions contemplated hereby and has taken all necessary
corporate action to authorize the execution, delivery and
performance of this Agreement. Each Stockholder has the full voting
power, power of disposition, and power to agree to all of the
matters regarding such Stockholder set forth in this Agreement, in
each case with respect to all Shares beneficially owned by such
Stockholder and as identified in Schedule I hereof.
(c)
This Agreement has been validly
executed and delivered by each Stockholder and constitutes the
legal, valid and binding obligation of such Stockholder,
enforceable against such Stockholder in accordance with its terms
(subject to the Bankruptcy and Equity Exception).
(d)
Neither the execution and delivery
of this Agreement nor the performance of any of the obligations of
such Stockholder hereunder (i) conflicts with or violate the
Certificate of Incorporation or the Bylaws of the Company or any of
the Company Subsidiaries, (ii) conflicts with or violates any Law,
order, judgment, or decree applicable to such Stockholder, or (iii)
results in a violation of, or a default under (with or without
notice of lapse of time, or both), or conflicts with, constitutes
or results in a breach of any term, condition, or provision of, or
result in the creation of a Lien (defined below) on the Shares
pursuant to, any contract, trust, loan or credit agreement, lease,
Permit, commitment, agreement, understanding, instrument,
obligation, arrangement or restriction of any kind to which such
Stockholder is a party or by which such Stockholder, its assets,
the Shares, or the Options or warrants are bound. The execution and
delivery of this Agreement and the consummation by such Stockholder
of the transactions contemplated hereby does not require any
filing, permit, consent, approval, or notice to or from any
Governmental Entity or other Person (except for any Regulatory
Filings).
(e)
The Shares owned by each
Stockholder are now, and at all times during the term hereof will
be, held by such Stockholder, or by a nominee or custodian for the
benefit of such Stockholder, free and clear of all liens, rights of
first refusal, claims, security interests, proxies, voting trusts
or agreements, options, rights, understandings or arrangements or
any other encumbrances whatsoever on title, transfer, or exercise
of any rights of a stockholder in respect of such Shares
(collectively, “ Liens ”), except for
any Liens arising hereunder. The Stockholder has not appointed or
granted any proxies, which appointments or grants are still
effective, with respect to the Shares the Option or the
warrants.
(f)
Each Stockholder whose Shares,
Options or warrants are subject to community property interests
under the Laws of any relevant jurisdiction has agreed to have
executed and delivered to the Parent, to the extent necessary, such
consents, waivers, and approvals necessary for the execution of
this Agreement and the consummation of the transactions
contemplated hereby regarding such Stockholder.
(g)
Each Stockholder (i) is a
sophisticated investor with respect to the Shares and has
independently and without reliance upon the Parent or the Purchaser
and based on such information as the Stockholder has deemed
appropriate, made its own analysis and decision to enter into this
Agreement, (ii)
acknowledges
that neither the Parent nor the Purchaser has made any
representations or warranty, whether expressed or implied, of any
kind or character, other than as expressly set forth in this
Agreement, (iii) understands and acknowledges that the Parent and
the Purchaser are entering into the Merger Agreement in reliance
upon each such Stockholder’s execution and delivery of this
Agreement, and (iv) acknowledges that the agreements contained
herein with respect to the Shares are irrevocable, subject to
Section 7 hereof, and that such Stockholder shall have no recourse
to the Shares or the Parent or Purchaser with respect to the
Shares.
Section
2.
Representations and
Warranties of the Parent and the Purchaser.
Each of the Parent and the Purchaser
hereby, jointly and severally, represents and warrants to the
Stockholders as follows:
(a)
Each of the Parent and the
Purchaser is a corporation organized and validly existing under the
Laws of the jurisdiction of its respective incorporation and has
all requisite corporate power and authority and all necessary
governmental approvals to own, lease and operate its properties and
to carry on its business as is now being conducted, except where
the failure to be so organized and existing or to have such power,
authority, and governmental approvals would not, individually or in
the aggregate, impair in any material respect the ability of each
of the Parent and the Purchaser, as the case may be, to perform its
obligations under this Agreement.
(b)
Each of the Parent and the
Purchaser has all the requisite corporate power and authority to
execute and deliver this Agreement and to consummate the
transactions contemplated by this Agreement, and to perform its
obligations under this Agreement. The execution, delivery and
performance by the Parent and the Purchaser of this Agreement and
the consummation of the transactions contemplated hereunder have
been duly authorized by all necessary corporate action in respect
thereof on the part of each of the Parent and the Purchaser, and by
the Parent as the sole stockholder of the Purchaser, and no other
corporate action is required on the part of the Parent or the
Purchaser to authorize the execution and delivery by the Parent and
the Purchaser of this Agreement and the consummation of the
transactions contemplated thereby. This Agreement has been duly
executed and delivered by the Parent and the Purchaser and,
assuming valid authorization, execution and delivery hereof by the
Stockholders, is the valid and binding obligation of each of the
Parent and the Purchaser enforceable against each of them in
accordance with its terms (subject to the Bankruptcy and Equity
Exception).
Section
3.
Appointment of
Proxy .
(a)
Each Stockholder agrees that,
during the time this Agreement is in effect, at any meeting of the
stockholders of the Company (a “ Company
Stockholders’ Meeting ”), called for any of
the purposes contemplated by clauses (ii) and (iii) of this Section
3(a), however called, and at every adjournment or postponement
thereof, or in any other circumstances upon which a vote, consent,
or other approval (including by written consent) is sought, such
Stockholder shall (i) when a meeting is held, appear at such
meeting or otherwise cause such Stockholder’s Shares to be
counted as present thereat for purposes of establishing a quorum,
(ii) vote, or execute consents in respect of such
Stockholder’s Shares, or cause such Stockholder’s
Shares to be voted, or consents to be executed in respect thereof,
in favor of the adoption of the Merger Agreement (including any
revised or amended Merger Agreement approved by the board of
directors of the Company; provided that such revised or amended
Merger Agreement is not revised or amended in any manner which
adversely affects the Stockholder in any material manner including,
for the avoidance of doubt, any decrease in the Merger
Consideration or extension of the Outside Termination Date to a
date after November 30, 2007) and any action required in
furtherance thereof, and (iii) vote, or execute consents in respect
of such Stockholder’s Shares to be voted, or consents to be
executed in respect thereof, against (A) any agreement or
transaction relating to an Acquisition Proposal or transaction or
occurrence that if proposed and offered to the Company or its
stockholders (or
any of them)
would constitute an Acquisition Proposal (other than as proposed by
the Parent, the Purchaser, or any of their Subsidiaries or
Affiliates) or (B) any extraordinary corporate transaction (other
than the Merger), or any amendment of the Company’s
Certificate of Incorporation or Bylaws or other proposal, action or
transaction involving the Company o
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