Exhibit 10.12
XXXXXXXXXXX.XXX VOTING AGREEMENT
APRIL 1, 1998
XXXXXXXXXXX.XXX OWNERSHIP
Xxx Xxxxxx, through his 70% ownership of Las Vegas Reservation Systems (LVRS),
Xxxx Xxxxxxx and Xxx Xxxxxxxxx are the sole owners of Xxxxxxxxxxx.xxx, a Nevada
Corporation.
The ownership is as follows:
LVRS 1,700,000 shares 42.5%
Xxx Xxxxxxxxx 2,000,000 shares 50.0%
Xxxx Xxxxxxx 300,000 shares 7.5%
VOTING AGREEMENT
The shares of Xxxxxxxxxxx.xxx do not have any voting restrictions. However,
in order to effectively keep control of the Company prior to a planned future
IPO, Mr. Poster, Mr. Breitling and Xx. Xxxxxxx have agreed to vote their
shares as an undivided group. The collective shares will be voted as
determined by the mutual agreement of Mr. Poster, Mr. Breitling and Xx.
Xxxxxxx.
TERM
This agreement commences 4/1/98 and is binding on the parties until such time
that an Initial Public Offering is completed. Subsequent to an IPO, no voting
restriction will exist on any of the aforementioned shares.
SIGNATURES
By signing and dating below, Mr. Poster, Mr. Breitling and Xx. Xxxxxxx
acknowledge their agreement to the above terms.
/s/ Xxxx Xxxxxxx /s/ Xxx Xxxxxx /s/ Xxx Xxxxxxxxx
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Xxxx Xxxxxxx Xxx Xxxxxx Xxx Xxxxxxxxx
4/1/98 4/1/98 4/1/98
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Date Date Date
