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Sample Business Contracts

Voting Agreement - Getty Communications (USA) Inc., Getty Communications plc, Photodisc Inc. and Getty Investments LLC

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         VOTING AGREEMENT, dated as of September 16, 1997 (this "AGREEMENT"),
among Getty Communications (USA), Inc., a Delaware corporation ("Getty Images"),
Getty Communications plc, an English corporation ("GETTY"), PhotoDisc, Inc., a
Washington corporation ("PHOTODISC") and Getty Investments LLC, a Delaware
limited liability corporation ("GI").


                                      WITNESSETH

         WHEREAS, Getty Images, GETTY COMMUNICATIONS plc, a public limited
company organized under the laws of England and Wales, PhotoDisc, Inc., a
Washington corporation ("PhotoDisc"), and Print MERGER, Inc. a Washington
corporation and wholly owned subsidiary of Getty Images ("MERGER SUB"), propose
to enter into a Merger Agreement, dated as of the date hereof (the "MERGER
AGREEMENT"), which provides, among other things, that MERGER SUB will merge with
and into PhotoDisc (the "MERGER") upon the terms and subject to the conditions
set forth in the Merger Agreement and that Getty Images will acquire all the
shares of Getty pursuant to a Scheme of Arrangement (the "Scheme of
Arrangement") as described below:

I.    Each existing Class A Ordinary Share of Getty shall be cancelled and
      reissued by way of capitalization of reserves to Getty Images.

II.   In consideration of the issues of shares in paragraph 1 above to Getty
      Images, Getty images shall issue to each holder of Class A Ordinary
      Shares of Getty, credited as fully paid, one share of common stock of
      Getty Images for every two Class A Ordinary Shares of Getty held.

III.  Each existing Class B Ordinary Share of Getty shall be cancelled and
      reissued as a Class A Ordinary Share by way of capitalization of reserves
      to Getty Images.

IV.   In consideration of the issue of shares in paragraph 3 above to Getty
      Images, Getty Images shall issue to each holder of Class B Ordinary
      Shares of Getty, credited as fully paid, one share of common stock of
      Getty Images for every two Class B Ordinary Shares of Getty held.

V.    All shares of common stock of Getty Images shall rank pari passu in all
      respects and in particular shall each have one vote per share of common
      stock.

         WHEREAS, as of the date hereof, GI owns 10,294,882 Class B ordinary
shares par value 1p of Getty ("Getty Class B Shares") and 2,089,882 Class A
ordinary shares par value 1p per share, of Getty ("Getty Class A Shares") and
has the power to direct the votes of a further 2,490,408 Getty Class B Shares;
and

         WHEREAS, as a condition to the willingness of Getty Images, Getty and
PhotoDisc to enter into the Merger Agreement and the Scheme of Arrangement,
Getty Images, Getty and PhotoDisc have required that GI agrees, and in order to
induce those parties to enter into the Merger Agreement and the Scheme of
Arrangement, GI has agreed, to enter into this Agreement with respect to all the
Getty Ordinary Shares now owned and which may hereafter be acquired by GI (the
"SHARES"):


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      NOW THEREFORE, in consideration of the foregoing and the respective
agreements set forth herein, and intending to be legally bound hereby, the
parties hereto agree as follows:

                                      ARTICLE I

                                   VOTING OF SHARES

         SECTION 1.01.  VOTING OF SHARES; FURTHER ASSURANCES.  GI hereby
agrees, in respect of all the Shares to be bound (or to procure that the
registered holder is so bound) by the Scheme of Arrangement and to undertake to
the High Court on the hearing of the petition to sanction the Scheme of
Arrangement, to be bound (and to procure that the registered holder is so bound)
thereby and to execute and do and to procure to be executed and done all such
documents, acts and things as may be reasonably necessary or desirable to be
executed or done by it or any holder of the Shares for the purpose of giving
effect to the Scheme of Arrangement; and vote, if requested by PhotoDisc, in
favor of all resolutions to be proposed at any Extraordinary General Meeting of
the holders of Ordinary Shares of Getty or Separate Class Meeting of the holders
of Class A Ordinary Shares of Getty convened to approve the Scheme of
Arrangement and related matters (including andy adjournment of any such meeting)
to the extent the passing of such resolution is required to implement the Scheme
of Arrangement and related matters and the other transactions contemplated by
the Merger Agreement and the Scheme of Arrangement; and to vote against any
proposal for any recapitalization, merger, sale of assets or other business
combination between Getty and any person or entity (other than the Merger) and
to deliver valid and duly completed forms of proxy appointing the Chairman of
any such meeting as GI's proxy to vote in favor of all such resolutions at least
5 business days prior to the last date for delivery of such proxies; and in
favor of any other matter NECESSARY TO EFFECT THE consummation of the
transactions contemplated by the Merger Agreement and the Scheme of Arrangement.

         SECTION 1.02.  NO INCONSISTENT AGREEMENTS.  GI hereby covenants and
agrees that, except as contemplated by this Agreement and the Merger Agreement
and the Scheme of Arrangement, GI shall not enter into any voting agreement or
grant a proxy or power of attorney with respect to the Shares which is
inconsistent with this Agreement.

                                      ARTICLE II

                         REPRESENTATIONS AND WARRANTIES OF GI

         GI hereby represents and warrants to Getty Images, Getty and PhotoDisc
as follows:

         SECTION 2.01.  AUTHORITY OF GI.  GI has all the necessary capacity,
power and authority to enter into this Agreement, to carry out GI's obligations
hereunder and to consummate the transactions contemplated hereby.  The execution
and delivery of this Agreement by GI, the performance by GI of GI's obligations
hereunder and the consummation by GI of the transactions contemplated hereby
have been duly authorized by all requisite action on the part of GI.  This
Agreement has been duly executed and delivered by GI and (assuming the due
authorization, execution and delivery by Getty Images, Getty and PhotoDisc) this
Agreement constitutes a legal, valid and binding obligation of GI enforceable
against GI in accordance with its terms, except as


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enforcement may be limited by bankruptcy, insolvency or other similar laws
affecting the enforcement of creditors' rights generally and except that the
availability of equitable remedies, including specific performance, is subject
to the discretion of the court before which any proceeding thereof may be
brought.

         SECTION 2.02  NO CONFLICT.  The execution, delivery and performance of
this Agreement by GI do not and will not, (i) violate, conflict with or result
in the breach of any provision of the charter or by-laws or operating agreement
(or equivalent organizational documents) of GI, (ii) conflict with or violate
(or cause an event which reasonably could be expected to have a material adverse
effect on GI as a result of) any law, rule, regulation, order, judgment or
decree applicable to GI or by which the Shares are bound or affected or (iii)
conflict with, result in any breach of, constitute a default (or an event that,
with the giving of notice or lapse of time, or both, would become a default)
under, require any consent under, or give to others any rights of termination,
amendment, acceleration, suspension, revocation or cancellation of, or result in
the creation of a lien or encumbrance on any of the Shares pursuant to, any
material note, bond, mortgage or indenture, contract, agreement, lease,
sublease, license, permit, franchise or other instrument or arrangement to which
GI is a party or by which such GI or the Shares are bound or affected.

         SECTION 2.03  OWNERSHIP OF SHARES.  GI owns of record and
beneficially, free and clear of all encumbrances the number of Class A Ordinary
Shares of Getty set forth above.  GI has not appointed or granted any proxy,
which appointment or grant is still effective, with respect to the Shares.

                                     ARTICLE III

                                    MISCELLANEOUS

         SECTION 3.01  TERMINATION.  This Agreement shall terminate upon the
termination of the Merger Agreement.

         SECTION 3.02  NOTICES.  All notices, requests, claims, demands and
other communications hereunder shall be in writing and shall be given or made
(and shall be deemed to have been duly given or made upon receipt) by delivery
in person, by courier service, by cable, by facsimile, by telegram, by telex, or
by registered or certified mail (postage prepaid, return receipt requested) to
the respective parties at the following addresses (or at such other address for
a party as shall be specified in a notice given in accordance with this Section
3.02):

         (a)  if to Getty or Getty Images:

              c/o of Getty Communications plc
              101 Bayham Street
              London NW1 England
              Facsimile:  (44171) 267-6540
              Attention:  Nick Evans-Lombe

              with a copy to each of:

              Clifford Chance
              200 Aldersgate Street
              London EC1A 4JJ  England
              Facsimile:  (44171) 600-5555
              Attention:  Michael Francies

              Shearman & Sterling
              555 California Street
              San Francisco, California  94104
              Facsimile:  (415) 616-1199
              Attention:  Christopher D. Dillon


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         (b)  if to PhotoDisc:

              PhotoDisc, Inc.
              2013 Fourth Avenue
              4th Floor
              Seattle, WA  98121
              Facsimile:  (206) 441-9379
              Attention:  Mark Torrance

              with a copy to:

              Heller Ehrman White & McAuliffe
              6100 Columbia Centre
              701 Fifth Avenue
              Seattle, Washington  98104
              Telecopy:  (206) 447-0849
              Attention:  Thomas S. Hodge

         (c)  if to GI:

              Getty Investments LLC
              1325 Airmotive Way
              Suite 262
              Reno, Nevada  89502
              Facsimile:  (702) 786-5414
              Attention:  Jan D. Muehl

         SECTION 3.03  PUBLIC ANNOUNCEMENTS.  No party to this Agreement shall
make, or cause to be made, any press release or public announcement in respect
of this Agreement or the transactions contemplated hereby or otherwise
communicate with any news media without prior consent of the other party (except
to the extent that such disclosure is required by law or the rules of the Nasdaq
National Market), and, to the extent practicable, the parties shall cooperate as
to the timing and contents of any such press release or public announcement.


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         SECTION 3.04  HEADINGS.  The descriptive headings contained in this
Agreement are for convenience of reference only and shall not affect in any way
the meaning or interpretation of this Agreement.

         SECTION 3.05  SEVERABILITY.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of law
or public policy, all other terms and provisions of this Agreement shall
nevertheless remain in full force and effect so long as the economic or legal
substance of this Agreement is not affected in any manner materially adverse to
any party.  Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner in order that the terms
of this Agreement remain as originally contemplated to the greatest extent
possible.

         SECTION 3.06  ENTIRE AGREEMENT.  This Agreement constitutes the entire
agreement between Getty Images and the Voting Stockholders with respect to the
subject matter hereof and supersedes all prior agreements and understandings,
both written and oral, between Getty Images and the Voting Stockholders with
respect to the subject matter hereof.

         SECTION 3.07.  ASSIGNMENT.  This Agreement may not be assigned by
operation of law or otherwise without the express written consent of the other
parties hereto (which consent may be granted or withheld in the sole discretion
of such parties).

         SECTION 3.08  NO THIRD PARTY BENEFICIARIES.  This Agreement shall be
binding upon and inure solely to the benefit of the parties hereto and their
permitted assigns, and nothing herein, express or implied, is intended to or
shall confer upon any other Person any legal or equitable right, benefit or
remedy of any nature whatsoever under or by reason of this Agreement.

         SECTION 3.09  AMENDMENT.  This Agreement may not be amended or
modified except by an instrument in writing signed by, or on behalf of, the
parties hereto.

         SECTION 3.10  GOVERNING LAW.  This Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware applicable to
contracts executed in and to be performed entirely within that state.  All
actions and proceedings arising out of OR related to this Agreement shall be
heard and determined in any Delaware state or federal court sitting in the State
of Delaware.

         SECTION 3.11  COUNTERPARTS.  This Agreement may be executed in one or
more counterparts, and by the different parties hereto in separate counterparts,
each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement.

         SECTION 3.12  SPECIFIC PERFORMANCE.  The parties hereto agree that
irreparable damage would occur in the event that any provision of this Agreement
is not performed in accordance with the terms hereof and that the parties shall
be entitled to specific performance of the terms hereof, in addition to any
other remedy at law or in equity.


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         IN WITNESS WHEREOF, each of the parties has duly executed, or has
caused this Agreement to be duly executed by its duly authorized representative,
as of the date first written above.

                             GETTY COMMUNICATIONS (USA), INC.


                             By:
                                ----------------------------------------------
                                  Name:
                                  Title:

GETTY COMMUNICATIONS PLC


                             By:
                                ----------------------------------------------
                                  Name:
                                  Title:


                             PHOTODISC, INC.


                             By:
                                ----------------------------------------------
                                  Name:
                                  Title:


                             GETTY INVESTMENTS LLC


                             By:
                                ----------------------------------------------
                                  Name:
                                  Title: