Exhibit 99.1
TENDER AND SUPPORT AGREEMENT
ThisTENDERAND SUPPORT AGREEMENT (this “Agreement”), is made and entered into as of November 6, 2018, by and among PVKG Intermediate Holdings Inc., a Delaware corporation (“Parent”), PVKG Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Purchaser”),and each of the Persons set forth on Schedule A hereto (each, a “Stockholder”).
RECITALS
A. As of the date hereof, each Stockholder is the record and beneficial owner (as defined in Rule13d-3 under the Exchange Act) of the number of shares of common stock, $0.0001 par value per share, of the Company (as defined below) (“Company Common Stock”) set forth opposite such Stockholder’s name on Schedule A (all such shares set forth on Schedule A, together with any shares of Company Common Stock that are hereafter issued to, or otherwise acquired or owned by, any Stockholder prior to the termination of this Agreement being referred to herein as the “Shares”);
B. Concurrently with the execution hereof, Parent, Purchaser and ConvergeOne Holdings, Inc., a Delaware corporation (the “Company”), are entering into an Agreement and Plan of Merger, dated as of the date hereof and as it may be amended from time to time (the “Merger Agreement”), which provides, among other things, for Purchaser to commence a cash tender offer to purchase all the outstanding shares of Company Common Stock (the “Offer”) and, following the completion of the Offer, the merger of Purchaser with and into the Company (the “Merger”), upon the terms and subject to the conditions set forth in the Merger Agreement (capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement);
C. Prior to, or concurrently with the execution of this Agreement, PVKG Investment Holdings Inc. is entering into a Rollover Agreement (the “Rollover Agreement”) with the stockholders (the “Rollover Stockholders”) set forth therein pursuant to which the Rollover Stockholders have agreed to transfer their Company Common Stock identified as Rollover Shares (as defined in the Rollover Agreement) to PVKG Investment Holdings Inc. in connection with the closing of the transactions contemplated by the Merger Agreement; and
D. As a condition to their willingness to enter into the Merger Agreement, Parent and Purchaser have required that each Stockholder, and as an inducement and in consideration therefor, each Stockholder (in such Stockholder’s capacity as a holder of Shares) has agreed to, enter into this Agreement and tender all of the Shares as described herein.
AGREEMENT
In consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows:
SECTION 1 AGREEMENT TO TENDER AND VOTE
1.1Agreement to Tender. Subject to the terms of this Agreement and other than with respect to Rollover Shares, each Stockholder agrees (i) to validly tender or cause to be tendered in the Offer all of such Stockholder’s Shares if no Company Adverse Change Recommendation has occurred and is continuing or (ii) to validly