VOTING AGREEMENT
EXHIBIT 4.3.3
VOTING AGREEMENT
THIS VOTING AGREEMENT (this Agreement) is made as of July 5, 2013, by and among RetailMeNot, Inc., a Delaware corporation (the Company), Institutional Venture Partners XIII, L.P. (IVP) and JP Morgan Digital Growth Fund L.P. (JPM and together with IVP, the Stockholders).
WHEREAS, in connection with the Companys proposed initial public offering of its Series 1 Common Stock (the Series 1 Common) which, if consummated, would be conducted pursuant to an effective registration on Form S-1 under the Securities Act of 1933, as amended (the Offering), the Company has requested that holders of the Companys Preferred Stock of the Company (the Preferred Stock) convert all such Preferred Stock into Common Stock of the Company (the Common Stock) pursuant to Section B.5.1(b) of Article FOURTH of the Companys certificate of incorporation as presently in effect (the Charter), subject to and effective upon the consummation of the Offering (such conversion, the Conversion).
WHEREAS, it is anticipated that the Offering may not result in an automatic conversion of the Preferred Stock pursuant to Section B.5.1(a) of the Charter.
WHEREAS, in order to induce the Stockholders to vote their Shares (as defined below) in favor of the Conversion, the Company desires to make certain cash payments to the Stockholders, pursuant to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the promises and agreements of the parties and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Shares Subject to this Agreement. The Stockholders agree to hold all shares of Preferred Stock of the Company registered in their respective names or beneficially owned by them as of the date of this Agreement and any other shares of Preferred Stock of the Company legally or beneficially held or acquired by them after the date hereof (together, the Shares) subject to, and to vote the Shares in accordance with, the provisions of this Agreement.
2. Conversion. Within one (1) business day after delivery (in accordance with Section 6.7 below) of a written request from the Company that each Stockholder vote to effect the Conversion (the Request Notice), each of the Stockholders shall vote (or exercise or deliver a written consent with respect to) all of their Shares, and shall take all other necessary actions within their control, including, without limitation, attending meetings, executing a proxy to vote at any meeting and executing written consents, to effect the Conversion effective immediately prior to the consummation of the Offering. The Company covenants and agrees it will not deliver the Request Notice unless it delivers the Request Notice to both Stockholders concurrently; the Company shall not deliver a Request Notice to one Stockholder but not the other.
3. Cash Payment. In order to induce the Stockholders to enter into this Agreement and to vote their Shares in favor of the Conversion pursuant to Section 2 above, the Company shall make a cash payment of $2,046,001 and $4,092,002 to each of IVP and JPM, respectively, which payments shall be made concurrently with delivery of the Request Notice; provided, however, that if any such payment is made and the Conversion is ultimately not consummated such payments shall be refunded by the Stockholders to the Company.
4. Irrevocable Proxy. To secure each Stockholders obligations to vote the Shares in accordance with this Agreement, each Stockholder hereby appoints the Chief Executive Officer of the Company, the Chief Financial Officer of the Company and the General Counsel of the Company, or any of them from time to time, or their designees, as such Stockholders true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to vote all of such Stockholders Shares as set forth in this Agreement and to execute all appropriate instruments consistent with this Agreement on behalf of such Stockholder if, and only if, such Stockholder fails to vote all of such Stockholders Shares or execute such other instruments in accordance with the provisions of this Agreement within one (1) business day after delivery by the Company of the Request Notice. The proxy and power granted by each Stockholder pursuant to this Section 4 are coupled with an interest and are given to secure the performance of such Stockholders duties under this Agreement. Each such proxy and power will be irrevocable for the term of this Agreement. The proxy and power will survive the merger or reorganization of such Stockholder or any other entity acquiring any Shares from Stockholder.
5. Legend. The Company may imprint or otherwise place on certificates representing the Shares, or indicate in the records of the Company, a legend reading substantially as follows:
THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A VOTING AGREEMENT, DATED AS OF JULY 5, 2013, WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING OF THE SHARES REPRESENTED HEREBY. ANY PERSON ACCEPTING ANY INTEREST IN SUCH SHARES SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SUCH AGREEMENT. A COPY OF SUCH VOTING AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.
6. Miscellaneous.
6.1 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, (a) such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement, and (b) the parties shall, to the extent permissible by applicable law, amend this Agreement or enter into other forms of voting agreements or voting trusts, or execute irrevocable proxies, so as to make effective and enforceable the intent of such prohibited or invalidated provision.
6.2 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware without regard to conflict of law provisions.
6.3 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.
2
6.4 Assignment; Binding Effect. The Stockholders hereby agree, and any transferee or assignee of any of the Shares is hereby on notice that, any transfer or assignment of such Shares is conditioned upon such transferees or assignees execution and delivery of this Agreement prior to such transfer or assignment. Any transfer or assignment of any such voting securities of the Company in violation of this section shall be void and be of no force or effect.
6.5 Entire Agreement. This Agreement contains the sole and entire understanding of the parties with respect to the subject matter, and all prior negotiations, discussions and commitments and understandings heretofore had between them with respect thereto are merged herein. Any term hereof may be amended and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the Stockholders. A waiver on one occasion shall not constitute a waiver on any future occasion.
6.6 Termination. This Agreement (and all rights and obligations pursuant to this Agreement) will terminate upon the earliest to occur of (i) the closing of the Offering, (ii) December 31, 2013, (iii) the dissolution of the Company, or (iv) the effective date of a Deemed Liquidation Event, as defined in the Companys certificate of incorporation as in effect from time to time; provided, however, that if the Conversion has actually occurred then all payments owing by the Company pursuant to this Agreement shall remain an obligation of the Company after such termination.
6.7 Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively delivered upon the earliest of actual receipt or: (i) personal delivery to the party to be notified; (ii) when sent, if sent by electronic mail or facsimile during the recipients normal business hours, and if not sent during normal business hours, then on the recipients next business day, provided no notification of delivery failure is received by the sender; (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one (1) business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their addresses as set forth on the signature pages to this Agreement, or such other address(es) as may be provided by written notice to the other parties hereto in accordance with this Section 6.7.
6.8 Specific Performance. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement was not performed in accordance with its specific terms or was otherwise breached. It is accordingly agreed that each party shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which each party is entitled at law or in equity.
[Remainder of page intentionally left blank]
3
IN WITNESS WHEREOF, the parties have executed this Voting Agreement as of the day and year hereinabove first written.
RETAILMENOT, INC. | ||
/s/ G. Cotter Cunningham | ||
By: G. Cotter Cunningham | ||
Title: Chief Executive Officer and President | ||
Address: | 301 Congress Avenue | |
Suite 700 | ||
Austin, TX 78701 | ||
Attention: General Counsel | ||
Email: ***@*** | ||
With a copy (which copy shall not constitute notice) to: | ||
DLA Piper LLP (US) | ||
Attention: Samer Zabaneh | ||
401 Congress Avenue | ||
Suite 2500 | ||
Austin, TX 78701 | ||
Fax: (512)  ###-###-####; attn.: Samer Zabaneh | ||
E-mail: ***@*** |
IN WITNESS WHEREOF, the parties have executed this Voting Agreement as of the day and year hereinabove first written.
INSTITUTIONAL VENTURE PARTNERS XIII, L.P. | ||
By: Institutional Venture Management XIII LLC | ||
Its: General Partner | ||
/s/ Jules Maltz | ||
Name: /s/ Jules Maltz | ||
Title: Authorized Signatory | ||
Address: | 3000 Sand Hill Road | |
Building 2, Suite 250 | ||
Menlo Park, CA 94025 | ||
Fax: (650)  ###-###-#### | ||
E-mail: ***@*** | ||
With a copy (which copy shall not constitute notice) to: | ||
Cooley LLP | ||
Attention: Craig E. Dauchy, Esq. | ||
3175 Hanover Street | ||
Palo Alto, CA 94304 | ||
Fax: (650)  ###-###-#### | ||
E-mail: ***@*** |
IN WITNESS WHEREOF, the parties have executed this Voting Agreement as of the day and year hereinabove first written.
JP MORGAN DIGITAL GROWTH FUND L.P.
By: J.P. Morgan Investment Management Inc. | ||
Its: Investment Advisor | ||
/s/ Robert Cousin | ||
Name: Robert Cousin | ||
Title: Authorized Signatory | ||
Address: | c/o JP Morgan Investment Management Inc. | |
270 Park Avenue | ||
25th Floor | ||
New York, NY 10017 | ||
Attn: Mr. Robert Cousin | ||
E-mail: ***@*** | ||
With a copy (which copy shall not constitute notice) to: | ||
Proskauer | ||
Attn: Reid Arstark | ||
Eleven Times Square | ||
New York, NY 10036 | ||
Fax: (212)  ###-###-#### | ||
E-mail: ***@*** |