EXHIBIT 9.1
AMENDED AND RESTATED VOTING TRUST AGREEMENT
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THIS AMENDED AND RESTATED VOTING TRUST AGREEMENT (this "Agreement") is
entered into and effective this 8th day of March, 1999, by and between the
following persons, both holders of MULTILINK TECHNOLOGY CORPORATION, a
California corporation (the "Corporation"): XXXX XXXXXX, an individual
("Shareholder"), and XXXXXXX X. XXXXXXXXXX, an individual, ("Trustee").
Shareholder and Trustee are collectively referred to herein as the "Parties".
WHEREAS, the Parties desire to amend and restate the Voting Trust Agreement
(the "Original Agreement") dated October 24, 1996 (the "Effective Date") as
modified by the Release of Certain Shares from Voting Trust Agreement dated May
31, 1997 (the "Release") by entering into this Agreement which is to reflect the
changes that are a result of the reclassification of the Corporation's capital
stock pursuant to the filing of the Amended and Restated Articles of
Incorporation of the Corporation with the California Secretary of State on March
8, 1999.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the recital set forth above which are incorporated herein by
reference, and other valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Parties agree as follows:
1. Exchange Of Shares For Voting Trust Certificates.
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(a) Exchange of Shares by Trustee. Upon the execution of this
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Agreement, Trustee shall deliver the shares of the Corporation's capital stock
that Trustee holds for the benefit of Shareholder pursuant to the Original
Agreement (as adjusted by the Release) to the Corporation and Trustee shall seek
receipt of a properly issued share certificate for Eight Hundred Forty Eight
Thousand (848,000) shares of the Corporation's Class B Common Stock (the
"Shares"). The Trustee shall hold the Shares subject to the terms of this
Agreement. Shareholder shall have no right to withdraw any of the Shares prior
to termination of this Agreement as hereinafter provided.
(b) Issuance of Voting Trust Certificate. The Shares shall be held in
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the name of the Trustee on the Corporation's books and records. The Trustee
shall, upon receipt of the Shares, issue and deliver to the Shareholder a voting
trust certificate, in the form shown in Exhibit "A" to this Agreement (the
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"Certificate"), for the number of Shares so transferred, subject to satisfying
any applicable qualification requirements under the California Corporate
Securities Law.
2. Trustee Powers; Rights; Compensation. The Trustee may also serve the
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Corporation as an officer or director, or in any other capacity. The Trustee
shall have all of the rights, privileges and powers of a Shareholder of the
Corporation with respect to the Shares, subject to the limitations set forth
below.
(a) Trustee Voting Rights. During the existence of this Trust, the
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Trustee shall have the sole and exclusive right to vote the Shares as set forth
herein. The Trustee may exercise such right in person or by proxy at all
shareholder meetings and in all proceedings in which the vote or consent of
shareholders is or may be required by the Articles of Incorporation or bylaws of
the Corporation, or as a matter of law.
(b) Notices, Dividends and Distributions. The Trustee shall forward
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to the Shareholder copies of all notices, reports, to the Shareholder statements
and other communications received from the Corporation. The Trustee shall
distribute to the Shareholder, promptly upon receipt, all dividends and other
payments or distributions received from the Corporation with respect to the
Shares; provided, however, if any dividend or distribution consists of
additional shares of the Corporation having voting rights, the Trustee shall
hold those shares in trust subject to the terms of this Agreement, and shall
issue a new voting trust certificate representing the additional shares to the
Shareholder, subject to qualification if required under the California Corporate
Securities Law.
(c) No Right to Sell Shares. The Trustee shall have no authority to
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sell, pledge, hypothecate, encumber or otherwise dispose of the Shares or any
additional shares received from the Corporation by way of stock split or stock
dividend.
(d) Compensation of Trustee. The Trustee shall receive no
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compensation for the Trustee's services under this Agreement; provided, however,
this subsection shall not affect the right of Trustee to compensation from the
Corporation for services performed on its behalf in any other capacity (as
officer, director, employee or otherwise).
(e) Liability of Trustee. The Trustee shall not be liable for any
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error of judgment or mistake of fact or law, or for any action or omission under
this Agreement, except for Trustee's own willful misconduct or gross negligence.
The Trustee shall not be liable for actions or omissions of any other trustee or
trustees, or for actions or omissions of any employee or agent of any other
trustee or trustees. The Trustee may consult with legal counsel, and any action
or omission undertaken by them in good faith in accordance with the opinion of
legal counsel shall be binding and conclusive on the Parties to this Agreement.
(f) Replacement of Trustee. In case of the Trustee's death,
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resignation or inability to act, Xxxxx Xxxxxxxxxx is hereby appointed as
successor Trustee. If Xxxxx Xxxxxxxxxx is not living, the executor or
administrator of Xxxxx Xxxxxxxxxx'x estate shall elect a successor Trustee.
3. Termination.
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(a) Termination Date. This Agreement shall terminate automatically
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ten (10) years after the Effective Date. This Agreement may be terminated at any
earlier date by an instrument in writing executed by the Trustee. The
termination of this Agreement shall not affect the rights of the Trustee set
forth in Paragraph 2(e) above. Except as otherwise specifically provided in this
Agreement, the trust created by this Agreement is hereby expressly declared to
be irrevocable.
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(b) Actions Upon Termination. As soon as practicable after
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termination hereof the Trustee shall deliver to the Shareholder a share
certificate representing the number of shares of the Corporation held by Trustee
under this Agreement for the benefit of the Shareholder, properly endorsed for
transfer, and the Shareholder shall surrender to the Trustee its Certificate
properly endorsed, together with payment of funds sufficient to cover any taxes
and other expenses relating to the transfer and delivery of the share
certificate. If the Shareholder fails or refuses to surrender his or her
Certificate or the Certificate cannot be located, the Trustee may deliver the
share certificate due the Shareholder to the Secretary of the Corporation, for
the benefit of said person, and upon so doing shall be fully discharged with
respect to such share certificate.
4. Filing, Inspection Rights. A duplicate of this Agreement shall be
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filed with the Secretary of the Corporation and shall be open for inspection by
any Shareholder of the Corporation, a holder of a voting trust certificate or
the agent of either upon the same terms as the record of shareholders of the
Corporation is open to inspection.
5. Successors and Assigns. This Agreement shall bind and inure to the
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benefit of Trustee and Shareholder hereunder and each and all of their heirs,
executors, administrators successors and assigns.
6. Applicable Law. This Agreement shall be governed by and construed in
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accordance with the laws of the State of California.
7. Severability. If any term or provision of this Agreement or the
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application thereof to any person or circumstance shall, to any extent, be
invalid or unenforceable, the remainder of this Agreement or the application of
such term or provision to persons or circumstances other than those as to which
it is held invalid or unenforceable, shall not be affected thereby, and each
such term and provision of this Agreement shall be valid and be enforced to the
fullest extent permitted by law.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the
date hereinabove set forth.
"TRUSTEE"
/s/ Xxxxxxx X. Xxxxxxxxxx
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XXXXXXX X. XXXXXXXXXX
"SHAREHOLDER"
/s/ XXXX XXXXXX
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XXXX XXXXXX
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Certificate No. B-7
EIGHT MILLION FOUR HUNDRED EIGHTY THOUSAND (8,480,000)
Shares of Class B Common Stock
VOTING TRUST CERTIFICATE IN RESPECT OF CLASS B COMMON STOCK
MULTILINK TECHNOLOGY CORPORATION,
a California corporation
THIS VOTING TRUST CERTIFICATE ("Certificate") certifies that the
undersigned Trustee has received a certificate representing EIGHT MILLION FOUR
HUNDRED EIGHTY THOUSAND (8,480,000) shares of Class B Common Stock (the
"Shares") of MULTILINK TECHNOLOGY CORPORATION, a California corporation (the
"Corporation"), from XXXX XXXXXX, an individual ("Certificate Holder"), duly
endorsed to the undersigned Trustee. This Certificate replaces the Voting Trust
Certificate executed by the undersigned on March 8, 1999 and is being executed
to reflect a ten-for-one stock split effected by the Corporation on June 22,
2000.
By acceptance hereof, the Certificate Holder hereby accepts and
ratifies all of the terms, conditions, and covenants of that certain Amended and
Restated Voting Trust Agreement executed on March 8, 1999 or any extension
thereof under California Corporations Code (S).706(b) ("Voting Trust
Agreement"), and agrees to be bound thereby with like effect as if the Voting
Trust Agreement had been signed by such person. A copy of the Voting Trust
Agreement is on file at the office of the Secretary of the Corporation at 000
Xxxxxx Xxxxx, 0/xx/ Xxxxx, Xxxxxxxx, Xxx Xxxxxx, 00000-0000, and is incorporated
herein by this reference. The Certificate Holder shall possess and be entitled
to rights of ownership of the Shares only as provided in the Voting Trust
Agreement.
During the term of the Voting Trust Agreement, the undersigned Trustee
is the owner of the Shares for all purposes relating to the Voting Trust
Agreement and in all matters of the Company for which the Shares may be voted.
This Certificate represents only the those rights provided to the Certificate
Holder in the Voting Trust Agreement and shall not be construed to grant to the
Certificate Holder any voting rights with respect to the Shares.
Subject to the limitations set forth in the Voting Trust Agreement,
the Certificate Holder shall be entitled to receive all dividends or other
distributions of the Company received by the undersigned Trustee except that, in
the event of a share dividend or stock split by the Corporation, the Trustee
shall receive and hold such shares pursuant to the terms of the Voting Trust
Agreement and shall issue to the Certificate Holder additional voting trust
certificates representing such shares.
The Voting Trust Agreement shall terminate as provided therein. Upon
the termination of the Voting Trust Agreement, the Trustee shall deliver to the
Certificate Holder certificates for the number of shares for which this
Certificate was issued.
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Subject to the terms of the Voting Trust Agreement, this Certificate
shall be transferable in the same manner as any other security. Any such
transfer shall be upon the books of the Trustee or its agent and shall be made
only upon the surrender of the Certificate by the Certificate Holder or his
attorney endorsed in blank or to the transferee. The Trustee may treat the
registered Certificate Holder, or the bearer of this Certificate when presented
duly endorsed in blank, as the absolute owner hereof and of all of the rights
and interests represented hereby for all purposes whatsoever, and the Trustee
shall not be bound or affected by any notice to the contrary.
Dated: June 22, 2000
"Trustee" /s/ Xxxxxxx X. Xxxxxxxxxx
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XXXXXXX X. XXXXXXXXXX
NOTICE: THE ASSIGNMENT, SALE OR TRANSFER OF THE SHARES REPRESENTED BY THIS
CERTIFICATE IS RESTRICTED BY THE PROVISIONS OF THAT CERTAIN AMENDED AND RESTATED
VOTING TRUST AGREEMENT DATED THE 8TH DAY OF MARCH, 1999, A COPY OF WHICH IS ON
FILE IN THE OFFICES OF THE CORPORATION AND ANY TRANSFER OR PURPORTED TRANSFER IN
VIOLATION OF THE PROVISIONS OF SAID AGREEMENT IS NULL AND VOID.
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