BCD SEMICONDUCTOR MANUFACTURING LIMITED AMENDMENT NO. 1 TO THE FIRST AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
Exhibit 4.5
BCD SEMICONDUCTOR MANUFACTURING LIMITED
AMENDMENT NO. 1 TO THE
FIRST AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
This Amendment No. 1 (the “Amendment”) to the First Amended and Restated Investors’ Rights Agreement is made as of November 29, 2007 (the “Effective Date”), by and among BCD Semiconductor Manufacturing Limited, a Cayman Islands exempted limited liability company (the “Company”), members of the Company, including the holders of the Company’s Series A Preference Shares (the “Series A Holders”), the holders of the Company’s Series B Preference Shares (the “Series B Holders”) and the holders of the Company’s Series C Preference Shares (the “Series C Holders”) as set forth on Exhibit A hereto (the Series A Holders, Series B Holders and Series C Holders are collectively referred to as the “Holders” or “Investors”, and each individually referred to as a “Holder” or an “Investor”) and the Founders named herein. Capitalized terms used but not defined in this Amendment shall have the meanings assigned to such terms in the Agreement.
R E C I T A L S
A. WHEREAS, in connection with the Series C Preference Shares financing of the Company, the Company, Holders and Founders have entered into the First Amended and Restated Investors’ Rights Agreement dated September 29, 2005 (the “Agreement”);
B. WHEREAS, Section 6.2(a) of the Agreement provides that “with the written consent of the Company and the Holders holding more than a majority of the then outstanding Registrable Securities (not including the Founders Shares), the obligations of the Company and the rights of the Investors under this Agreement may be amended and any of its terms may be waived (either generally or in a particular instance, either retroactively or prospectively and either for a specified period of time or indefinitely) and any amendments or waivers so approved shall be binding as to all parties, provided, however, that any amendment, waiver, discharge or termination of any provision under Sections 2.2 and 2.6 hereof which would materially and adversely affect the express rights of the holders of the Founders Shares in relation to the rights of holders of other Registrable Securities hereunder shall not be effective unless approved by the holders of a majority of the Founders Shares. Without limiting the foregoing and for the avoidance of doubt, it is expressly agreed that any such amendment or waiver affecting the express rights of holders of Founders Shares which eliminates, restricts or otherwise modifies piggyback registration rights equally for all holders of Registrable Securities shall not be deemed to require the separate consent of holders of a majority of the Founders Shares;” and
C. WHEREAS, in connection with the anticipated public offering of the Company’s Ordinary Shares, in the form of American Depositary Shares (the “IPO”), the Company, Holders and Founders wish to amend the Agreement to eliminate the piggyback registration rights applicable in the IPO, held by any holders of Registrable Securities.
NOW, THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the undersigned Holders and Founders hereby agree as follows:
1. Amendment to Section 2.6(a). Section 2.6(a) of the Agreement is hereby amended to read in its entirety as follows:
(a) Notice of Registration. If at any time or from time to time the Company shall determine to register any of its securities, either for its own account or the account of a security holder or holders, other than (i) a registration relating solely to employee benefit plans, (ii) a registration relating solely to a Rule 145 transaction, or (iii) a registration that is for the IPO of the Company in the relevant jurisdiction, it shall:
(i) give to each Holder written notice within ten (10) business days thereof; and
(ii)(subject to the limitations set forth in Section 2.6(b)(i) below), include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests, made within ten (10) business days after receipt of such written notice from the Company, by any Holder.
2. Miscellaneous.
(a) Except as set forth above, the Agreement shall remain in full force and effect without change.
(b) This Amendment may be executed in counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.
(c) This Amendment shall be governed by, and construed and enforced in accordance with, the internal laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed within California, without regard to principles of conflicts of law.
(d) This Amendment and the Agreement, and the documents referred to herein and therein constitute the entire agreement between the parties hereto pertaining to the subject matter hereof, and any and all other written or oral agreements relating to the subject matter hereof existing between the parties hereto are expressly canceled.
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IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to the First Amended and Restated Investors’ Rights Agreement as of the date first written above.
| COMPANY | ||
| BCD SEMICONDUCTOR MANUFACTURING LIMITED | ||
| By: |
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| Name: | Xxxx-Xx Xxxx | |
| Title: | Chief Executive Officer | |
SIGNATURE PAGE TO AMENDMENT NO. 1 TO THE
FIRST AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to the First Amended and Restated Investors’ Rights Agreement as of the date first written above.
| THE FOUNDERS |
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| XXXXXX X. XXX |
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| XXXXX XXXXX |
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| XXXXXXX XXXXX |
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| XXXX XXXX |
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| JIWEI SUN |
SIGNATURE PAGE TO AMENDMENT NO. 1 TO THE
FIRST AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to the First Amended and Restated Investors’ Rights Agreement as of the date first written above.
| HOLDERS: | ||
| By: |
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| Name: |
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| Title: |
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SIGNATURE PAGE TO AMENDMENT NO. 1 TO THE
FIRST AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
EXHIBIT A
| Series A Holders |
| We Sure Inc. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Core Asia Capital Limited 6F, #7, Alley 43, Lane 000 X. Xx Xxxx Xxxx Xxx. 0, Xxxxxx Xxxxxx |
| Xxxxxx X. Xxx 00000 Xxxxxxxxx Xx. Xxxxxxx, XX 00000 |
| Mintong International Ltd. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Max XX Xxxx 0X, #00, Xxxx 000, Xxxx Xxx Xxxx, Xxxxxx Xxxxxx |
| Shen-Gang Mai 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Ping-Chun Su 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxxx Xxxx Pan 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Series A Holders |
| Xxxx Xxxxx Li 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxxxxxx Xxxx 00000 Xxxxxxxx Xxxx Xxxxxxxx, XX 00000 |
| Xxxxxx T. H. Xxx 0000 Xxx Xxxxx Xx. Xxxxxxxx Xxxxxxx, XX 00000 |
| Xxxxxx Xxxx 000 Xxxxxxx Xxxxx Xxxxxxx, XX 00000 |
| Che-Fu Chen 0X, #00, Xxxx 0, Xxxx-Xxxxx Xxxx Xxxx-Xxxx Xxxx., Xxxxxxxxx, Xxxxxx |
| Xxxx-Xxx Xxxxx 0X, #0, Xxxxx 00, Xxxx 000 Xxxx Xxxx Xxxx Xxxxxx, Xxxxxx |
| Xxxxx X. Xxxxxx 0000 Xxxxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 |
| Xxxxx X. Xxxx Revocable Trust 0000 Xxxxxx Xxxxx Xx. Xxxxxxxx, XX. X0X 0X0 Xxxxxx |
| Min-Xx Xxxx 0000 Xxxxxxxxxxx Xx. Xxxxxx, XX 00000 |
| Series A Holders |
| Midas Technology, Inc. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxxxxxx X. Sia X.X. Xxx 0000 Xxxxxxxx, XX 00000 |
| Xxxxx Xxx 0000 Xxxxxx Xxxxxx Xxx Xxxxx, XX 00000 |
| Yen Shu 0X, #00-0, Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Gwo-Xxx Xxxxx 0X, #00-0, Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxx Xxxx 0000 Xxxxxxxx Xxxxx Xxxxxx Xxx Xxxx, XX 00000 |
| Cheow Fatt Yeo 0000 Xxxxxxxxx Xx. Xxx Xxxx, XX 00000 |
| Yi Xxxx Xxx 00X, 00, Xxx-Xx Xxxx Xxx. 0 Xxxxxx Xxxxxx |
| Yasujuki Yoshizawa 000-0 Xxxxxxxxxxx Xxxxxxxxxx-xxx 000-0000 Xxxxxxxx Xxxxx |
| Series A Holders |
| Xxxxxxx Xxxx 00000 Xxxxxxxx Xxxx Xxxxxxxx, XX 00000 |
| Li-Xxx Xxxxx 0X, #00, Xxxx 000 Xxx-Xxx Xxxx Xxx-Xx, Xxxxxx Xxxxxx |
| Xxx Xxxx Xxx Xxxxxx 00000 Xx. Xxxx Xx. Xxxxxxxx, XX 00000 |
| Xxxx Xxxx Xxxx 0000, Xxxxxxxx 00 Xx. 0000 Xxxxx Xxxxx Xxxx (X) Xxxxxxxx, Xxxxx |
| Hsiao-Xxxx Xxx 11F, #195, Section 0 Xxxxx-Xx Xxxx Xxxx Xxx-Xx, Xxxxxx Xxxxxx |
| Xxx-Xxx Ni Room 202, Building 4, Xx. 0 Xxxxxxx Xxx Xxxxxxxxx Xxxxxxxx, Xxxxx |
| Xxxxxxxx Xx Xxxx 000, Xxxxxxxx 0, Xx. 0 Xxxxxxx Xxx Xxxxxxxxx Shanghai, China |
| Xxx-Xxxxx Xx 9F, 14, #88 Lane, Section 0 Xxx Xx Xxxx Xxxx Xx, Xxxxxx Xxxxxx |
| Series A Holders |
| Instilink Co., Ltd. 0X, #000 Xxxxxx X. Xxxx Xxxxxx, Xxxxxx |
| Series B Holders |
| IP Fund One, L.P. The Offices of Xxxxxx and Calder Xxxxxx House P.O. Box 309 Xxxxxx Town Grand Cayman Cayman Islands British West Indies |
| JAFCO Asia Technology Fund c/o JAFCO Investment (Asia Pacific) Limited 0 Xxxxxxx Xxxx #00-00 Xxxxxxxxx 000000 |
| Mobiletron Electronics Co., Ltd. [To come] |
| Dynamic Capital Corp. Xxxx 000, 0X, Xx. 000, sec. 1 Tun Hwa S. Road Taipei, Taiwan |
| UOB Hermes Asia Technology Fund c/o UOB Venture Management Pte Ltd. Of 00 Xxxxxxx Xxxxx #00-00 XXX Xxxxx 0 Xxxxxxxxx 000000 |
| Intel Capital Corporation x/x 00X, Xxx Xxxxxxx Xxxxx 00 Xxxxxxxxx Xxxxxxx, Xxxx Xxxx |
| Series B Holders |
| C Squared Investment Inc. 0X, xx. 00, Xxx. 0 Xxx Xxx Xxxx Xxxxxx, Xxxxxx |
| Xxxxxx Xxxxxxxxxxxxxxxx 00/00X, Xxxxx Xxxxx Xxxxxxxxxxx, Xxx 0, Xxxxxxx Xxxxxxxxxxxx Xxxxxx Xxxxxxxx 00000 |
| Xxxxx Xxxx Xxxx Xx. 000 Xxxx Xxxx Xxxxx Xxxx Xxxxxxxxx, Xxxxxx |
| Yu-I (Xxxxx) Xxxxx 0X, Xx. 00, Xxxx 00, Xxx Xx Xxxx Xxx Xx, Xxxxxx Xxxxxx |
| Chih Xxx Xxxx Xx. 00, Xxxx 000, Xxxxxxxx 0xx Xxxxxx Da Ya Shiang, Taichung Hsien Taiwan 42846 |
| Ane Vile Mu Venture Limited Room 1003-1005 Allied Kajima Xxxxxxxx 000 Xxxxxxxxxx Xx. Xxx Xxxx, Xxxx Xxxx |
| Su Xxx Xxxxx Xx. 00, Xxxx 000 Xxxx Xxxx Xxxxx Xxxx Xxxx Xxxxxx Taichung Hsien Taiwan 42860 |
| Xxx Xxx Xxxx Xxxxx 00, Xxx. 0, Xxxxx Xxxxx Road Ta Ya, Taichung Hsien Taiwan 428 |
| Series B Holders |
| Xxx Xxxx Xxxx 39, Sec., 3 Xxxxx Xxxxx Road Ta Ya Taichung Hsien Taiwan 428 |
| Chen Ku Wei Xx. 000 Xxxxxxx Xxxx Xxxxxx Xxxx Xxxxxx Xxxxxx 00000 |
| Chen Tu Wei No. 23, Alley 1, Lane 000, Xxxxxx Xxxx Xxxxxx Xxxx Xxxxxx, Xxxxxx 00000 |
| Yu Xxxxx Xxxx 10F1-5, Xx. 000 Xxxxxxxxxxxxx 0xx Xxxx Xxxxxxx Xxxx, Xxxxxxxx Xxxxxx 40877 |
| Jo Xxx Xxxxx Xx. 0, Xxxx 000, Xxxxxxx Xxxx Xxxxxxxx Jen Xxxxxxxx, Xxxxxx 00000 |
| Xxxx Xxxx Xxxxx Xxxx No. 51, Lane 80, Yishu North Street Lungjing Shiang Xxxxxxxx Xxxxx Xxxxxx 00000 |
| Hao Xxx Xx 00X, Xx. 00-0, Xxxxxxxx Xxxxxx Xxxxxxxx, Xxxxxx 00000 |
| Chih Pen Xxxxx Xx. 00, Xxxx 00, Xxxxx Xxxxx Xxxxxx Lungjing Shiang Taichung Hsien Taiwan 43443 |
| Series C Holders |
| New Enterprise Associates 11, Limited Partnership 0000 Xx. Xxxx Xxxxxx Xxxxxxxxx, XX 00000 |
| NEA Ventures 2004, Limited Partnership 0000 Xx. Xxxx Xxxxxx Xxxxxxxxx, XX 00000 |
| Granite Global Ventures (Q.P.) L.P. 0000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Granite Global Ventures L.P. 0000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Venrock Entrepreneurs Fund IV, L.P. 0000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Venrock Associates IV, L.P. 0000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Venrock Partners, L.P. 0000 Xxxx Xxxx Xxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Manitou Ventures I, L.P. 000 Xxxx Xxxxxx, 0xx Xxxxx Xxx Xxxxxxxxx, XX 00000 |
| Series C Holders |
| Pinnacle Equity Investment Inc. 00 Xxxxxxx Xxxx Xxxxxxxxx 000000 |
| Xxxxxxx Xxxx X.X. Xxx 0000 Xxxxxxxx, XX 00000 |
| Xxxx X. Xxxx 000 Xxxxxxx Xxxxxx Xxx Xxxxxxxxx, XX 00000 |
| UOB Hermes Asia Technology Fund c/o UOB Venture Management Pte Ltd. Of 00 Xxxxxxx Xxxxx #00-00 XXX Xxxxx 0 Xxxxxxxxx 000000 |
| Midas Technology Inc. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| C Squared Investment Inc. 0X, Xx. 00, Xxx. 0 Xxx Xxx Xxxx Xxxxxx, Xxxxxx |
| C Squared Venture Capital Inc. 0X, Xx. 00, Xxx. 0 Xxx Xxx Xxxx Xxxxxx, Xxxxxx |
| C Squared Investment Corp. 0X, Xx. 00, Xxx. 0 Xxx Xxx Xxxx Xxxxxx, Xxxxxx |
| Series C Holders |
| Mintong International Ltd. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| JAFCO Asia Technology Fund c/o JAFCO Investment (Asia Pacific) Ltd. 0 Xxxxxxx Xxxx #00-00 Xxxxxxxxx 000000 |
| We Sure Inc. 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| IP Fund One, L.P. The Offices of Xxxxxx and Calder Xxxxxx House P.O. Box 309 Xxxxxx Town Grand Cayman Cayman Islands British West Indies |
| Intel Capital Corporation x/x 00X, Xxx Xxxxxxx Xxxxx 00 Xxxxxxxxx Xxxxxxx, Xxxx Xxxx |
| Dynamic Capital Corp. Xxxx 000, 0X, Xx. 000, Sec. 1 Tun Hwa S. Road Taipei, Taiwan |
| Mustek Systems Inc. Xx. 00, X&X Xxxx XX Science-Based Industrial Park Xxxx Xxx, Taiwan |
| Series C Holders |
| Redpoint Ventures II, LP 0000 Xxxx Xxxx Xxxx Xxxx. 0, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Redpoint Associates II, LLC 0000 Xxxx Xxxx Xxxx Xxxx. 0, Xxxxx 000 Xxxxx Xxxx, XX 00000 |
| Chien-Xxxxx Xxxxx 000 Xxxxxx Xxxxxx Xxxxxxxxxxxx, XX 00000 |
| Xxxx-Xxx Xxxxx 0X, #4, Alley 21, Lane 650 Xxxx Xxxx Road Taipei, Taiwan |
| Xxxxx Xxxx Chu 00000 Xxxxxxx Xxx. Xxxxxxxxx, XX 00000 |
| Che-Fu Chen 0X, #00, Xxxx 0, Xxxx-Xxxxx Xxxx Xxxx-Xxxx Xxxx., Xxxxxxxxx, Xxxxxx |
| Wen-Xxxxx Xxxxx No. 25, R&D Road II Science-Based Industrial Park Xxxx Xxx, Taiwan |
| Tsu-Xxxxx Xxxxx 0X, Xx.000, Xxxxxxx 0, Xxxxx-Xxxx Xxxxx Xxxx Xxxxxx, Xxxxxx |
| Xxxxxx Xxxx 000 Xxxxxxx Xxxxx Xxxxxxx, XX 00000 |
| Series C Holders |
| Max XX Xxxx 0X, #00, Xxxx 000, Xxxx Xxx Xxxx, Xxxxxx Xxxxxx |
| Xxxxxx Xxxxx 000 Xxxxxxxxx Xxxx Xxxxxxxxxx, XX 00000 |
| Yi Xxxx Xxx 00X, 00, Xxx-Xx Xxxx Xxx. 0 Xxxxxx Xxxxxx |
| Xxxxxx T. H. Xxx 0000 Xxx Xxxxx Xx. Xxxxxxxx Xxxxxxx, XX 00000 |
| Xxxx Xxxx Pan 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxxxxxx X. Sia X.X. Xxx 0000 Xxxxxxxx, XX 00000 |
| Ping-Chun Su 0X, #00-0 Xxxx Xxx Xxxx Xxxx Xx Xxxx., Xxxxxx Xxxxxx |
| Xxxxxx X. Xxxxxxxx 18850 Bellavina Xxxxxxxx, XX 00000 |
| Yu-Xxxxx Xxxx 4F-1 Xx. 000, Xxxxxx XX Xx Xxxxxxxxx Xxxxxxxx Xxxxxx Xxxx 000, Taiwan |
| Series C Holders |
| Redpine Finance Holdings, Inc. 0000 Xxxx Xx., Xxxxx 000 Mail Sort NC 712 Xxxx Xxxx, XX 00000 |
