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EXHIBIT 2.5
VOTING AGREEMENT
This
Voting Agreement (this "AGREEMENT") is made and entered into as
of
September 30, 2004 by and among VENTURI
PARTNERS, INC., a Delaware corporation
(the "COMPANY"), and MatlinPatterson Global
Opportunities Partners, L.P. (the
"Stockholder")
PRELIMINARY STATEMENTS
The
Company, VTP, Inc., Venturi Technology Partners, LLC, Comsys
Information Technology Services, Inc.,
Comsys Holding, Inc. and certain
stockholders of Comsys Holding, Inc. have
entered into an Agreement and Plan of
Merger dated as of July 19, 2004 (as the
same may be amended from time to time,
the "MERGER AGREEMENT"), pursuant to which,
upon the terms and subject to the
conditions thereof, VTP, Inc. will be
merged with and into Comsys Holding, Inc.
and Comsys Holding, Inc. will be the
surviving entity (the "MERGER").
As a
condition to the consummation of the transactions contemplated by
the
Merger Agreement, Comsys Holding, Inc. has
required that the Company and the
Stockholder, and the Company and the
Stockholder are willing to, enter into this
voting agreement with respect to
nominations to the board of directors of the
Company at and after the effectiveness of
the Merger.
Capitalized terms used but not defined herein have the meanings
given in
the Merger Agreement.
Now,
therefore, for good, valuable and binding consideration, the
receipt
and sufficiency of which are hereby
acknowledged, the parties hereto, intending
to be legally bound hereby, agree as
follows:
STATEMENT OF AGREEMENT
ARTICLE I
DEFINITIONS
Section
1.1. Definitions.
"AFFILIATE" has the meaning set forth in Rule 12b-2 of the
regulations
promulgated under the Securities Exchange
Act of 1934, as amended, and the rules
and regulations of the Securities and
Exchange Commission thereunder, all as the
same shall be in effect at the time.
"AGREEMENT" has the meaning given in the preamble to this
Agreement.
"BOARD OF
DIRECTORS" means the board of directors of the Company.
"COMMON
STOCK" means the common stock of the Company now or hereafter
authorized to be issued.
"COMPANY"
has the meaning given in the preamble to this Agreement.
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"DIRECTOR"
means a member of the Board of Directors.
"MERGER"
has the meaning given in the preliminary statements to this
Agreement.
"MERGER
AGREEMENT" has the meaning given in the preliminary statements
to
this Agreement.
"NOMINATING COMMITTEE" means the Nominating Committee of the Board
of
Directors established pursuant to and in
accordance with the Bylaws of the
Company as in effect from time to time.
"SHARES"
means shares of Common Stock.
"SPECIAL
VOTING PERIOD" means the period commencing immediately after
the
Effective Time (as defined in the
Certificate of Incorporation) and ending on
the third anniversary of the Effective
Time.
"STOCKHOLDER" means MatlinPatterson Global Opportunities Partners,
L.P.
ARTICLE II
REPRESENTATIONS AND WARRANTIES
Section
2.1. Representations and Warranties of the Company. The Company
hereby represents and warrants to the other
parties hereto as follows: The
Company has all requisite corporate power
and authority to enter into this
Agreement and to consummate the
transactions contemplated hereby. The execution
and delivery by the Company of this
Agreement, and the consummation by the
Company of the transactions contemplated
hereby, have been duly authorized by
all necessary corporate action on the part
of the Company. This Agreement has
been duly executed and delivered by the
Company and constitutes a valid and
binding obligation of the Company,
enforceable against the Company in accordance
with its terms. No consent, approval, order
or authorization of, or
registration, declaration or filing with,
any court, administrative agency or
commission or other governmental authority
or instrumentality, domestic or
foreign, is required by, or with respect
to, the Company in connection with the
execution and delivery of this Agreement by
the Company or the consummation by
the Company of the transactions
contemplated hereby. The execution and delivery
of this Agreement by the Company and the
consummation of the transactions
contemplated hereby by the Company does not
conflict with, or result in a breach
of, any law or regulation of any
governmental authority applicable to the
Company or any material agreement to which
the Company is a party.
Section
2.2. Representations and Warranties of the Stockholder. The
Stockholder hereby represents and warrants
to the Company as follows:
(a) Authority. The Stockholder has all requisite corporate,
partnership or limited liability company
power and authority to enter into this
Agreement and to consummate the
transactions contemplated hereby. The execution
and delivery by the Stockholder of this
Agreement, and the consummation by the
Stockholder of the transactions
contemplated hereby, have been duly authorized
by all necessary corporate, partnership or
limited liability company
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action on the part of the Stockholder. This
Agreement has been duly executed and
delivered by the Stockholder and
constitutes a valid and binding obligation of
the Stockholder, enforceable against the
Stockholder in accordance with its
terms. No consent, approval, order or
authorization of, or registration,
declaration or filing with, any court,
administrative agency or commission or
other governmental authority or
instrumentality, domestic or foreign, is
required by, or with respect to, the
Stockholder in connection with the
execution and delivery of this Agreement by
the Stockholder or the consummation
by the Stockholder of the transactions
contemplated hereby. The execution and
delivery of this Agreement by the
Stockholder and the consummation of the
transactions contemplated hereby by the
Stockholder does not conflict with, or
result in a breach of, any law or
regulation of any governmental authority
applicable to the Stockholder or any
material agreement to which the Stockholder
is a party.
(b) Shares. As of the Effective Time, the Stockholder is the
record
and beneficial owner of the number of
Shares set forth across from such
Stockholder's name on Schedule 2.2(b).
ARTICLE
III
VOTING OF SHARES; CERTAIN COMPANY ACTIONS
Section
3.1. Voting of Shares; Company Actions.
(a) From and after the date hereof and until the termination of
the
Special Voting Period, the Stockholder
shall vote all Shares owned or controlled
by such Stockholder, and shall take all
other necessary or desirable actions
within such Stockholder's control
(including, if permitted, attendance at
meetings in person or by proxy for purposes
of obtaining a quorum and, if
permitted, execution of written consents in
lieu of meetings), so that the
nominees recommended by the Nominating
Committee for election to the Board of
Directors are elected to serve on the Board
of Directors, and to otherwise
effectuate the provisions of this
Agreement.
(b) From and after the date hereof, the Company shall take all
necessary or desirable actions within its
control (including calling special
board and stockholder meetings) to
effectuate the provisions of this Agreement.
Section
3.2. Termination of Voting Obligations. From and after the
termination of the Special Voting Period,
the provisions of Section 3.1 shall
terminate and be of no further force or
effect, and the Stockholder shall
thereafter have no obligation under this
Agreement with respect to (i) the
voting of any of its shares of Common Stock
or (ii) the taking of any actions
described in Section 3.1 with respect to
the composition of the Board of
Directors.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section
4.1. Entire Agreement. This Agreement, together with the
Schedule
hereto, constitutes the entire agreement
and understanding of the parties in
respect of the subject matter hereof and
supersedes all prior understandings,
agreements or representations by or among
the
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parties, written or oral, to the extent
they relate in any way to the subject
matter hereof. There are no third party
beneficiaries having rights under or
with respect to this Agreement.
Section
4.2. Assignment. Except as provided in this Section 4.2 and in
Section 4.3, no party may assign either
this Agreement or any of its rights,
interests or obligations hereunder without
the prior written approval of the
other parties. All of the terms,
agreements, covenants, representations,
warranties and conditions of this Agreement
are binding upon, and inure to the
benefit of and are enforceable by, the
parties and their respective successors
and permitted assigns. Notwithstanding the
foregoing, the Stockholder may,
without the consent of the Company, assign
its rights and obligations her