Voting Agreement between Argyle Security Acquisition Corporation and Stockholders John J. Smith and Wesley Clark
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Summary
This agreement is between Argyle Security Acquisition Corporation and its stockholders, John J. Smith and Wesley Clark. The stockholders agree to vote all their shares acquired through the IPO, option exercises, or aftermarket purchases in favor of any proposed business combination in the security industry. They also waive any rights to redeem these shares if such a transaction is proposed. The agreement is intended to support the company's efforts to complete a business combination following its initial public offering.
EX-10.15 8 v027444_ex10-15.htm
VOTING AGREEMENT
Argyle Security Acquisition Corporation
200 Concord Plaza, Suite 700
San Antonio, Texas 78216
Gentlemen:
The undersigned stockholder of Argyle Security Acquisition Corporation (“Company”), in order to facilitate an initial public offering of the securities of the Company (“IPO”), hereby agrees that if the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all of the shares of the Company’s common stock acquired by the undersigned (i) in the IPO, (ii) upon the exercise of options currently held by the undersigned and (iii) in the aftermarket, in favor of the Business Combination and therefore waives any redemption rights with respect to such shares. As used herein, a “Business Combination” shall mean an acquisition by merger, capital stock exchange, asset or stock acquisition, reorganization or otherwise, of one or more operating businesses in the security industry selected by the Company, and “IPO Shares” shall mean the shares of the Company’s common stock issued in the IPO.
| John J. Smith | |
| Wesley Clark |
