Exhibit
99.3
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STOCKHOLDER TENDER AND VOTING
AGREEMENT
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This STOCKHOLDER TENDER AND
VOTING AGREEMENT dated as of September 15, 2005 (as the same may be
amended from time to time, this " Agreement ") among
Océ N.V., a company organized under the laws of the
Netherlands (" Parent "), Orange Merger Corp., a Delaware
corporation and a wholly owned subsidiary of Parent ("
Purchaser "), and each individual listed on the signature
pages of this Agreement (each, a " Stockholder " and
collectively, the " Stockholders "), each an owner of
Company Common Stock of Imagistics International, Inc., a Delaware
corporation (the " Company ").
RECITALS
WHEREAS, in order
to induce Parent and Purchaser to enter into the Agreement and Plan
of Merger dated as of the date hereof with the Company (the "
Merger Agreement "), Parent and Purchaser have requested
that each Stockholder, and each Stockholder has agreed, severally
and not jointly, to enter into this Agreement;
WHEREAS, each
Stockholder, Parent and Purchaser desire to make certain
representations, warranties, covenants and agreements in connection
with this Agreement; and
WHEREAS,
capitalized terms used but not defined herein shall have the
respective meanings ascribed to such terms in the Merger
Agreement.
NOW, THEREFORE, in
consideration of the premises and of the representations,
warranties, covenants and agreements contained herein, the parties
hereto hereby agree as follows:
ARTICLE I
TENDER OF SHARES; VOTING; EXPIRATION
Section 1.1
Tender of Shares . Promptly, but in any event no later than
fifteen (15) business days following the commencement of the Offer,
each Stockholder shall tender in the Offer, and, to the extent
consistent with applicable Law, not withdraw or cause to be
withdrawn, any or all shares of Company Common Stock currently
owned by such Stockholder and over which such Stockholder exercises
sole voting and disposition control and any additional shares of
Company Common Stock subsequently acquired by such Stockholder and
with respect to which such Stockholder exercises sole voting and
disposition control (including, without limitation, acquisitions by
purchase, by the exercise of Company Stock Options or otherwise)
after the date of this Agreement (collectively, the " Subject
Shares "); provided , however , that (i) a
Stockholder shall not be required for purposes of this Agreement to
exercise any unexercised Company Stock Options held by such
Stockholder; (ii) a Stockholder shall not have any obligation under
this Section 1.1 to tender his or her Subject Shares into the Offer
if that tender would cause him or her to incur liability under
Section 16(b) of the Exchange Act; and (iii) a Stockholder shall
not have any obligation under this Agreement with respect to
restricted shares of Company Common Stock as to which such
Stockholder does not have the power both to vote
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and to
dispose.
Section 1.2
Voting . If his or her Subject Shares have not been
previously accepted for payment and paid for by Purchaser pursuant
to the Offer, and so long as neither Parent nor Purchaser is in
breach of the Offer or the Merger Agreement, then each Stockholder
hereby agrees that at any meeting of the stockholders of the
Company, however called, or in any written consent in lieu thereof,
he or she shall vote his or her Subject Shares (i) in favor of the
Merger and (ii) against any action or agreement that would impede,
interfere with, delay, postpone, discourage or adversely affect the
Merger or the Offer, including, but not limited to any agreement or
arrangement related to an Acquisition Proposal.
Section 1.3
Proxy . Each Stockholder hereby grants to Purchaser, and to
each officer of Parent, a proxy to vote his or her Subject Shares
as indicated in Section 1.2 until the expiration of this Agreement
pursuant to Section 1.4. Each Stockholder intends this proxy to be,
and this proxy is, irrevocable and coupled with an interest and
each Stockholder will immediately take such further action or
execute such other instruments as may be necessary to effectuate
the intent of this proxy and hereby revokes any proxy previously
granted by him or her with respect to his or her Subject
Shares.
Section 1.4
Expiration . This Agreement and the rights and obligations
of the respective parties hereto under this Agreement shall
terminate, and be of no further force or effect, on the earlier to
occur of (A) the Effective Time and (B) the termination of the
Merger Agreement in accordance with its terms.
ARTICLE II
REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER
Each Stockholder
represents and warrants to Parent and Purchaser as to himself or
herself, severally and not jointly, as follows:
Section 2.1
Valid Title . He or she is the sole, true and lawful owner
of his or her Subject Shares acquired prior to the date hereof,
with no restrictions on his or her rights of disposition pertaining
thereto, except for any applicable restrictions on Transfer (as
defined below) under the Securities Act.
Section 2.2
Authority; Non-Contravention . He or she has the requisite
power and authority to enter into this Agreement and to consummate
the transactions contemplated by this Agreement. This Agreement has
been duly executed and delivered by such Stockholder and
constitutes a valid and binding obligation of such Stockholder,
enforceable against him or her in accordance with its terms,
subject, as to enforcement, to applicable bankruptcy, insolvency,
reorganization, fraudulent conveyance and similar laws relating to
creditors' rights and to general principles of equity. The
execution and delivery of this Agreement by such Stockholder does
not, and the consummation of the transactions contemplated of him
or her by this Agreement and compliance by him or her with the
provisions of this Agreement will not, conflict with or result in
any violation of, or default (with or without notice or lapse of
time, or both) under, or give rise to a right of termination,
cancellation or acceleration of any obligation or to a loss of a
material
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benefit under,
or result in the creation of any lien upon any of his or her
properties or assets under, any provision of applicable law or
regulation or of any agreement, judgment, injunction, order, decree
or other instrument binding on the Stockholder. No consent,
approval, order or authorization of, or registration, declaration
or filing with or exemption by any Governmental Entity is required
by or with respect to him or her in connection with his or her
execution and delivery of this Agreement or the consummation by him
or her of the transactions contemplated by this Agreement, except
for applicable requirements, if any, under the Exchange Act and the
rules and regulations thereunder.
Section 2.3
Total Shares . Except to the extent of any Subject Shares
acquired after the date hereof, the number of shares of Company
Common Stock set forth opposite such Stockholder’s name on
Exhibit A hereto are the only shares of Company Common Stock
owned by him or her and over which such Stockholder exercises sole
voting and disposition control.
Section 2.4
Finder's Fees . Except as set forth in the Merger Agreement,
no investment banker, broker or finder is entitled to a commission
or fee from Parent, Purchaser, the Company or any of their
respective Affiliates in respect of this Agreement based upon any
arrangement or agreement made by or on behalf of the
Stockholder.
Section 2.5
Proxy . None of the Subject Shares are subject to any voting
agreement or proxy on the date of this Agreement, except pursuant
to this Agreement.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER
Parent and
Purchaser represent and warrant to each Stockholder
that:
Section 3.1
Corporate Power and Authority . Parent and Purchaser each
have all requisite corporate power and authority to enter into this
Agreement and to consummate the transactions contemplated by this
Agreement. The execution and delivery of this Agreement and the
consummation of the transactions contemplated by this Agreement
have been duly authorized by all necessary corporate action on the
part of each of Parent and Purchaser. This Agreement has been duly
executed and delivered by each of Parent and Purchaser and
constitutes a valid and binding obligation of each of Parent and
Purchaser, respectively, enforceable against each of them in
accordance with its terms, subject, as to enforcement, to
applicable bankruptcy, insolvency, reorganization, fraudulent
conveyance and similar laws relating to creditors' rights and to
general principles of equity.
ARTICLE IV
COVENANTS OF THE
STOCKHOLDERS
Section 4.1
Covenants of the Stockholders . Subject to Section 5.11,
each Stockholder agrees as to himself or herself, severally and not
jointly, as follows:
(a) Except as
contemplated by the terms of this Agreement, he or she
shall
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not:
(i) sell,
transfer, pledge, assign or otherwise dispose of (“
Transfer ”), or enter into any contract, option or
other arrangement or understanding with respect to the Transfer of
his or her Subject Shares to any person, other than Purchaser or
Purchaser's designee. Any attempted Transfer in violation of this
Section 4.1(a)(i) shall be null and void;
(ii) enter
into, or otherwise subject hi