7,875,000 Shares OMNITURE, INC. COMMON STOCK ($0.001 PAR VALUE PER SHARE) UNDERWRITING AGREEMENT
EXHIBIT 1.1
7,875,000 Shares
COMMON STOCK ($0.001 PAR VALUE PER SHARE)
, 2007
, 2007
Xxxxxx Xxxxxxx & Co. Incorporated
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
JMP Securities LLC
Xxxxxxxxxx & Co., LLC
c/o Morgan Xxxxxxx & Co. Incorporated
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
JMP Securities LLC
Xxxxxxxxxx & Co., LLC
c/o Morgan Xxxxxxx & Co. Incorporated
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
Omniture, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the
several Underwriters named in Schedule II hereto (the “Underwriters”), and certain stockholders of
the Company (the “Selling Stockholders”) named in Schedule I hereto severally propose to sell to
the several Underwriters, an aggregate of 7,875,000 shares of the Common Stock, $0.001 par value
per share, of the Company (the “Firm Shares”), of which 7,150,000 shares are to be issued and sold
by the Company and 725,000 shares are to be sold by the Selling Stockholders, each Selling
Stockholder selling the amount set forth opposite such Selling Stockholder’s name in Schedule I
hereto.
The Company also proposes to issue and sell to the several Underwriters not more than an
additional 1,181,250 shares of its Common Stock, $0.001 par value per share (the “Additional
Shares”), if and to the extent that you, as Managers of the offering, shall have determined to
exercise, on behalf of the Underwriters, the right to purchase such shares of common stock granted
to the Underwriters in Section 3 hereof. The Firm Shares and the Additional Shares are hereinafter
collectively referred to as the “Shares.” The shares of Common Stock, $0.001 par value per share,
of the Company to be outstanding after giving effect to the sales contemplated hereby are
hereinafter referred to as the “Common Stock.” The Company and the Selling Stockholders are
hereinafter sometimes collectively referred to as the “Sellers.”
The Company has filed with the Securities and Exchange Commission (the “Commission”) a
registration statement, including a prospectus, relating to the Shares. The registration statement
as amended at the time it becomes effective, including the information (if any) deemed to be part
of the registration statement at the time of effectiveness pursuant to Rule 430A under the
Securities Act of 1933, as amended (the “Securities Act”), is hereinafter referred to as the
“Registration Statement”; the prospectus in the form first used to confirm sales of Shares (or in
the form first made available to the Underwriters by the Company to meet requests of purchasers
pursuant to Rule 173 under the Securities Act) is hereinafter referred to as the “Prospectus.” If
the Company has filed an abbreviated registration statement to register additional shares of Common
Stock
pursuant to Rule 462(b) under the Securities Act (the “Rule 462 Registration Statement”), then
any reference herein to the term “Registration Statement” shall be deemed to include such Rule 462
Registration Statement.
For purposes of this Agreement, “free writing prospectus” has the meaning set forth in Rule
405 under the Securities Act, “Time of Sale Prospectus” means the preliminary prospectus together
with the final term sheet and free writing prospectuses, if any, each identified in Schedule III
hereto, and “broadly available road show” means a “bona fide electronic road show” as defined in
Rule 433(h)(5) under the Securities Act that has been made available without restriction to any
person. As used herein, the terms “Registration Statement,” “preliminary prospectus,” “Time of
Sale Prospectus” and “Prospectus” shall include the documents, if any, incorporated by reference
therein. The terms “supplement,” “amendment,” and “amend” as used herein with respect to the Time
of Sale Prospectus or any free writing prospectus shall include all documents subsequently filed by
the Company with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), that are incorporated by reference therein.
1. Representations and Warranties of the Company. The Company represents and
warrants to and agrees with each of the Underwriters that:
(a) The Registration Statement has become effective; no stop order suspending the
effectiveness of the Registration Statement is in effect, and no proceedings for such purpose are
pending before or threatened by the Commission.
(b) (i) Each document filed pursuant to the Exchange Act and incorporated by
reference in the Time of Sale Prospectus or the Prospectus complied when so filed in all material
respects with the Exchange Act and the applicable rules and regulations of the Commission
thereunder, (ii) The Registration Statement, when it became effective, did not contain and, as
amended or supplemented, if applicable, will not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, (iii) the Registration Statement and the Prospectus, as of the date hereof
do not contain any untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading, (iv) the Registration
Statement and the Prospectus comply and, as amended or supplemented, if applicable, will comply in
all material respects with the Securities Act and the applicable rules and regulations of the
Commission thereunder, (v) the Time of Sale Prospectus does not, and at the time of each sale of
the Shares in connection with the offering when the Prospectus is not yet available to prospective
purchasers, will not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements therein, in the light of the circumstances under which they
were made, not misleading, (vi) each broadly available road show, if any, when considered together
with the Time of Sale Prospectus, does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements
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therein, in the light of the circumstances under which they were made, not misleading and
(vii) the Prospectus does not contain and, as amended or supplemented, if applicable, will not
contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements therein, in the light of the circumstances under which they were made, not
misleading, except that the representations and warranties set forth in this paragraph do not apply
to statements or omissions in the Registration Statement, the Time of Sale Prospectus, any broadly
available road show or the Prospectus based upon information relating to any Underwriter furnished
to the Company in writing by such Underwriter through you expressly for use therein.
(c) The Company is not an “ineligible issuer” in connection with the offering
pursuant to Rules 164, 405 and 433 under the Securities Act. Any free writing prospectus that the
Company is required to file pursuant to Rule 433(d) under the Securities Act has been, or will be,
filed with the Commission in accordance with the requirements of the Securities Act and the
applicable rules and regulations of the Commission thereunder. Each free writing prospectus that
the Company has filed, or is required to file, pursuant to Rule 433(d) under the Securities Act or
that was prepared by or behalf of or used or referred to by the Company complies or will comply in
all material respects with the requirements of the Securities Act and the applicable rules and
regulations of the Commission thereunder. Except for the free writing prospectuses, if any,
identified in Schedule III hereto, and electronic road shows, if any, furnished to you before first
use, the Company has not prepared, used or referred to, and will not, without your prior consent,
prepare, use or refer to, any free writing prospectus. The Company is eligible to incorporate
documents by reference in the Registration Statement pursuant to General Instruction VII of Form
S-1, and has satisfied each of the requirements set forth in paragraphs A-F of such General
Instruction VII.
(d) The Company has been duly incorporated, is validly existing as a corporation in
good standing under the laws of the jurisdiction of its incorporation, has the corporate power and
authority to own its property and to conduct its business as described in the Time of Sale
Prospectus and is duly qualified to transact business and is in good standing in each jurisdiction
in which the conduct of its business or its ownership or leasing of property requires such
qualification, except to the extent that the failure to be so qualified or be in good standing
would not have a material adverse effect on the Company and its subsidiaries, taken as a whole.
(e) Each subsidiary of the Company has been duly incorporated, is validly existing
as a corporation in good standing under the laws of the jurisdiction of its incorporation, has the
corporate power and authority to own its property and to conduct its business as described in the
Time of Sale Prospectus and is duly qualified to transact business and is in good standing in each
jurisdiction in which the conduct of its business or its ownership or leasing of property requires
such qualification, except to the extent that the failure to be so qualified or be in good standing
would not have a material adverse effect on the Company and its subsidiaries, taken as a whole; all
of the issued shares of capital stock of each subsidiary of the Company have been duly and validly
3
authorized and issued, are fully paid and non-assessable and are owned directly by the
Company, free and clear of all liens, encumbrances, equities or claims.
(f) The Company has no “significant subsidiary,” as that term is defined in Rule
1-02(w) of Regulation S-X under the Securities Act, other than Touch Clarity Limited, a
privately-held company registered in England and Wales (“Touch Clarity”).
(g) This Agreement has been duly authorized, executed and delivered by the Company.
(h) The authorized capital stock of the Company conforms as to legal matters to the
description thereof contained in each of the Time of Sale Prospectus and the Prospectus.
(i) The shares of Common Stock (including the Shares to be sold by the Selling
Stockholders) outstanding prior to the issuance of the Shares to be sold by the Company have been
duly authorized and are validly issued, fully paid and non-assessable.
(j) The Shares to be sold by the Company have been duly authorized and, when issued
and delivered in accordance with the terms of this Agreement, will be validly issued, fully paid
and non-assessable, and the issuance of such Shares will not be subject to any preemptive or
similar rights.
(k) The execution and delivery by the Company of, and the performance by the Company
of its obligations under, this Agreement will not contravene (i) any provision of applicable law or
(ii) the certificate of incorporation or bylaws of the Company or (iii) any agreement or other
instrument binding upon the Company or any of its subsidiaries and its subsidiaries, taken as a
whole, or (iv) any judgment, order or decree of any governmental body, agency or court having
jurisdiction over the Company or any subsidiary except, in the case of the foregoing clauses (i) or
(iii), where such contravention would not, singly or in the aggregate, have a material adverse
effect on the Company and its subsidiaries, taken as a whole, and no consent, approval,
authorization or order of, or qualification with, any governmental body or agency is required for
the performance by the Company of its obligations under this Agreement, except those that have been
obtained or such as may be required by the securities or Blue Sky laws of the various states in
connection with the offer and sale of the Shares.
(l) There has not occurred any material adverse change, or any development involving
a prospective material adverse change, in the condition, financial or otherwise, or in the
earnings, business or operations of the Company and its subsidiaries, taken as a whole, from that
set forth in the Time of Sale Prospectus.
(m) There are no legal or governmental proceedings pending or, to the best of the
Company’s knowledge after due inquiry, threatened to which the Company or any of its subsidiaries
is a party or to which any of the properties of
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the Company or any of its subsidiaries is subject (i) other than proceedings accurately
described in all material respects in the Time of Sale Prospectus and proceedings that would not be
reasonably likely to have a material adverse effect on the Company and its subsidiaries, taken as a
whole, or on the power or ability of the Company to perform its obligations under this Agreement or
(ii) that are required to be described in the Registration Statement or the Prospectus and are not
so described; and there are no statutes, regulations, contracts or other documents to which the
Company or any of its subsidiaries is subject or by which the Company or any of its subsidiaries is
bound that are required to be described in the Registration Statement, the Time of Sale Prospectus
or the Prospectus or to be filed as exhibits to the Registration Statement that are not described
or filed as required.
(n) Each preliminary prospectus filed as part of the registration statement as
originally filed or as part of any amendment thereto, or filed pursuant to Rule 424 under the
Securities Act, complied when so filed in all material respects with the Securities Act and the
applicable rules and regulations of the Commission thereunder.
(o) The Company is not, and after giving effect to the offering and sale of the
Shares and the application of the proceeds thereof as described in the Prospectus will not be,
required to register as an “investment company” as such term is defined in the Investment Company
Act of 1940, as amended.
(p) The Company and its subsidiaries (i) are in compliance with any and all
applicable foreign, federal, state and local laws and regulations relating to the protection of
human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or
contaminants (“Environmental Laws”), (ii) have received all permits, licenses or other approvals
required of them under applicable Environmental Laws to conduct their respective businesses and
(iii) are in compliance with all terms and conditions of any such permit, license or approval,
except where such noncompliance with Environmental Laws, failure to receive required permits,
licenses or other approvals or failure to comply with the terms and conditions of such permits,
licenses or approvals would not, singly or in the aggregate, be reasonably likely to have a
material adverse effect on the Company and its subsidiaries, taken as a whole.
(q) There are no costs or liabilities associated with Environmental Laws (including,
without limitation, any capital or operating expenditures required for clean-up, closure of
properties or compliance with Environmental Laws or any permit, license or approval, any related
constraints on operating activities and any potential liabilities to third parties) which would,
singly or in the aggregate, be reasonably likely to have a material adverse effect on the Company
and its subsidiaries, taken as a whole.
(r) There are no contracts, agreements or understandings between the Company and any
person granting such person the right to require the Company to file a registration statement under
the Securities Act with respect
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to any securities of the Company or to require the Company to include such securities with the
Shares registered pursuant to the Registration Statement, other than rights that have been waived.
(s) Subsequent to the respective dates as of which information is given in each of
the Registration Statement, the Time of Sale Prospectus and the Prospectus, (i) the Company and its
subsidiaries have not incurred any material liability or obligation, direct or contingent, nor
entered into any material transaction; (ii) the Company has not purchased any of its outstanding
capital stock, nor declared, paid or otherwise made any dividend or distribution of any kind on its
capital stock other than ordinary and customary dividends; and (iii) there has not been any
material change in the capital stock, short-term debt or long-term debt of the Company and its
subsidiaries, except in each case as described in each of the Registration Statement, the Time of
Sale Prospectus and the Prospectus, respectively.
(t) Except as set forth in the Registration Statement containing the Time of Sale
Prospectus, the Company and its subsidiaries have good and marketable title to all personal
property owned by them which is material to the business of the Company and its subsidiaries, in
each case free and clear of all liens, encumbrances and defects except such as are described in the
Time of Sale Prospectus or such as do not materially affect the value of such property and do not
interfere with the use made and proposed to be made of such property by the Company and its
subsidiaries; and any real property and buildings held under lease by the Company and its
subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions
as are not material and do not interfere with the use made and proposed to be made of such property
and buildings by the Company and its subsidiaries, in each case except as described in the Time of
Sale Prospectus.
(u) The Company and its subsidiaries own or possess, or can acquire on reasonable
terms, all material patents, patent rights, licenses, inventions, copyrights, know-how (including
trade secrets and other unpatented and/or unpatentable proprietary or confidential information,
systems or procedures), trademarks, service marks and trade names currently employed by them in
connection with the businesses now operated by them, and, except as described in the Time of Sale
Prospectus, neither the Company nor any of its subsidiaries has received any notice of infringement
of or conflict with asserted rights of others with respect to any of the foregoing which, singly or
in the aggregate, if the subject of an unfavorable decision, ruling or finding, would be reasonably
likely to have a material adverse effect on the Company and its subsidiaries, taken as a whole.
(v) No material labor dispute with the employees of the Company or any of its
subsidiaries exists, except as described in the Time of Sale Prospectus, or, to the knowledge of
the Company, is imminent; and the Company is not aware of any existing, threatened or imminent
labor disturbance by the employees of any of its principal suppliers, manufacturers or contractors
that
6
would be reasonably likely to have a material adverse effect on the Company and its
subsidiaries, taken as a whole.
(w) The Company and each of its subsidiaries are insured by insurers of recognized
financial responsibility against such losses and risks and in such amounts as are prudent and
customary in the businesses in which they are engaged; neither the Company nor any of its
subsidiaries has been refused any insurance coverage sought or applied for; and neither the Company
nor any of its subsidiaries has any reason to believe that it will not be able to renew its
existing insurance coverage as and when such coverage expires or to obtain similar coverage from
similar insurers as may be necessary to continue its business at a cost that would not be
reasonably likely to have a material adverse effect on the Company and its subsidiaries, taken as a
whole, except as described in the Time of Sale Prospectus.
(x) The Company and its subsidiaries possess all certificates, authorizations and
permits issued by the appropriate federal, state or foreign regulatory authorities necessary to
conduct their respective businesses, and neither the Company nor any of its subsidiaries has
received any notice of proceedings relating to the revocation or modification of any such
certificate, authorization or permit which, singly or in the aggregate, if the subject of an
unfavorable decision, ruling or finding, would be reasonably likely to have a material adverse
effect on the Company and its subsidiaries, taken as a whole, except as described in the Time of
Sale Prospectus.
(y) The Company and each of its subsidiaries maintain a system of internal
accounting controls sufficient to provide reasonable assurance that (i) transactions are executed
in accordance with management’s general or specific authorizations; (ii) transactions are recorded
as necessary to permit preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability; (iii) access to assets is permitted
only in accordance with management’s general or specific authorization; and (iv) the recorded
accountability for assets is compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any differences. Except as described in the Time of
Sale Prospectus, since the date of the Company’s latest audited financial statements included or
incorporated by reference in the Time of Sale Prospectus, there has been (i) no material weakness
in the Company’s internal control over financial reporting (whether or not remediated) and (ii) no
change in the Company’s internal control over financial reporting that has materially affected, or
is reasonably likely to materially affect, the Company’s internal control over financial reporting.
(z) Ernst & Young LLP, which has expressed its opinion with respect to certain of
the financial statements of the Company and KPMG LLP, which has expressed its opinion with respect
to certain of the financial statements of Touch Clarity, are each independent registered public
accounting firms as required by the Securities Act.
7
(aa) The financial statements of the Company filed with the Commission as part of
the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and Quarterly
Report on Form 10-Q for the quarterly period ended on March 31, 2007 and incorporated by reference
in the Registration Statement and each of the Time of Sale Prospectus and the Prospectus present
fairly the consolidated financial position of the Company and its subsidiaries as of the dates
indicated and the results of their operations and cash flows for the periods specified. Such
financial statements have been prepared in conformity with generally accepted accounting principles
as applied in the United States applied on a consistent basis throughout the periods involved. The
financial data set forth in the Prospectus under the captions “Prospectus Summary-Summary
Consolidated Financial Data,” “Selected Consolidated Financial Data” and “Capitalization” present
fairly the information set forth therein on a basis consistent with that of the audited financial
statements incorporated by reference in the Registration Statement, the Time of Sale Prospectus and
the Prospectus.
(bb) The consolidated financial statements of Touch Clarity included in the
Company’s Current Report on Form 8-K/A filed with the Commission on May 15, 2007 (the “Form 8-K/A”)
and incorporated by reference in the Registration Statement, Time of Sale Prospectus and the
Prospectus, present fairly the financial position of Touch Clarity as of the dates indicated and
the results of operations and cash flows of Touch Clarity for the periods specified. Such financial
statements have been prepared in conformity with generally accepted accounting principles as in the
United States applied on a consistent basis throughout the periods involved.
(cc) The unaudited pro forma combined financial information filed with the
Commission in the Form 8-K/A and incorporated by reference in the Registration Statement, Time of
Sale Prospectus and the Prospectus complies as to form in all material respects to the accounting
requirements of the Securities Act and the applicable rules and regulations of the Commission
thereunder, and management of the Company believes that the assumptions underlying the pro forma
adjustments are reasonable. All necessary pro forma adjustments have been properly applied to the
historical amounts in the compilation of the information and such information presents fairly with
respect to the respective combined entities presented therein the financial position, results of
operations and other information purported to be shown therein at the respective dates and for the
respective periods specified on a basis consistent with the audited financial statements
incorporated by reference in the Registration Statement, the Time of Sale Prospectus and the
Prospectus.
(dd) No other financial statements or schedules of the Company or any entity other
than Touch Clarity are required to be included or incorporated by reference in the Registration
Statement or the Prospectus pursuant to any requirement of the Securities Act or any rules and
regulations thereunder, including Rules 3-05 and Article 11 of Regulation S-X.
8
(ee) There are no transactions or loans between the Company and any holder of 5% or
more of the Common Stock, any director, any director nominee or any executive officer, or members
of such individuals’ immediate families, or any enterprise in which a substantial interest in the
voting power is owned, directly or indirectly, by any of such individuals other than those
described in the Time of Sale Prospectus. In particular, to the Company’s knowledge, no such
person or entity (i) has any direct or indirect ownership interest in, or any employment or
consulting agreement with, any firm or corporation that competes with the Company, (ii) is directly
or indirectly interested in any contract with the Company, except for compensation and standard
benefits for services as a director, officer or employee that is disclosed in the Time of Sale
Prospectus (to the extent it is required to be disclosed), (iii) has any ownership interest in any
property, real or personal, tangible or intangible, used in the Company’s business, except for the
normal rights of a stockholder, or (iv) has, either directly or indirectly, a material interest in
any person which purchases from or sells, licenses or furnishes to Company any goods, property,
technology or intellectual or other property rights or services (except in the case of (i) — (iv)
above, with respect to any interest of less than 5% of the outstanding voting shares of any
corporation whose stock is publicly traded.
(ff) Except as described in the Registration Statement containing the Time of Sale
Prospectus, the Company has not sold, issued or distributed any shares of Common Stock during the
six-month period preceding the date hereof, including any sales pursuant to Rule 144A under, or
Regulation D or S of, the Securities Act, other than shares issued pursuant to employee benefit
plans, qualified stock option plans or other employee compensation plans or pursuant to outstanding
options, rights or warrants.
(gg) The Company has established and maintains and evaluates “disclosure controls
and procedures” (as such term is defined in Rule 13a-15 and 15d-15 under the Exchange Act) and
“internal control over financial reporting” (as such term is defined in Rule 13a-15 and 15d-15
under the Exchange Act); such disclosure controls and procedures are designed to ensure that
material information relating to the Company, including its consolidated subsidiaries, is made
known to the Company’s Chief Executive Officer and its Chief Financial Officer by others within
those entities, particularly during the periods in which the periodic reports required under the
Securities Exchange Act of 1934 (the “Exchange Act”) are being prepared, and such disclosure
controls and procedures are effective to perform the functions for which they were established
(hh) The principal executive officers (or their equivalents) and principal financial
officers (or their equivalents) of the Company have made all certifications required by the
Xxxxxxxx-Xxxxx Act of 2002 and all rules and regulations promulgated thereunder or implementing the
provisions thereof (the “Xxxxxxxx-Xxxxx Act”) and any related rules and regulations promulgated by
the Commission, and the statements contained in each such certification are complete and correct.
The Company is in compliance with all provisions of the Xxxxxxxx-Xxxxx Act that are currently
applicable to it and is actively taking steps to ensure that it will be in compliance with other
provisions of the Xxxxxxxx-Xxxxx Act not
9
currently applicable to it, upon the effectiveness of such provisions, or which will become
applicable to the Company;
(ii) Neither the Company nor any of its directors, officers or controlling persons
has taken, directly or indirectly, any action designed, or which would reasonably be expected, to
cause or result, under the Securities Act or otherwise, in, or which has constituted, stabilization
or manipulation of the price of any security of the Company to facilitate the sale or resale of the
Shares.
2. Representations and Warranties of the Selling Stockholders. Each Selling
Stockholder represents and warrants to and agrees with each of the Underwriters that:
(a) This Agreement has been duly authorized, executed and delivered by or on behalf
of such Selling Stockholder.
(b) The execution and delivery by such Selling Stockholder of, and the performance
by such Selling Stockholder of its obligations under, this Agreement, the Custody Agreement signed
by such Selling Stockholder and American Stock Transfer & Trust Company, as Custodian, relating to
the deposit of the Shares to be sold by such Selling Stockholder (the “Custody Agreement”) and the
Power of Attorney appointing certain individuals as such Selling Stockholder’s attorneys in fact to
the extent set forth therein, relating to the transactions contemplated hereby and by the
Registration Statement (the “Power of Attorney”) will not contravene any provision of applicable
law, or the charter documents of such Selling Stockholder (if such Selling Stockholder is an
entity), or any agreement or other instrument binding upon such Selling Stockholder or any
judgment, order or decree of any governmental body, agency or court having jurisdiction over such
Selling Stockholder, and no consent, approval, authorization or order of, or qualification with,
any governmental body or agency is required for the performance by such Selling Stockholder of its
obligations under this Agreement or the Custody Agreement or Power of Attorney of such Selling
Stockholder, except such as may be required by the securities or Blue Sky laws of the various
states in connection with the offer and sale of the Shares.
(c) Such Selling Stockholder has, and on the Closing Date will have, valid title to,
or a valid “security entitlement” within the meaning of Section 8-501 of the New York Uniform
Commercial Code in respect of, the Shares to be sold by such Selling Stockholder free and clear of
all security interests, claims, liens, equities or other encumbrances and the legal right and
power, and all authorization and approval required by law, to enter into this Agreement, the
Custody Agreement and the Power of Attorney and to sell, transfer and deliver the Shares to be sold
by such Selling Stockholder or a security entitlement in respect of such Shares.
(d) The Custody Agreement and the Power of Attorney have been duly authorized,
executed and delivered by such Selling Stockholder and are valid and binding agreements of such
Selling Stockholder.
10
(e) With respect to any Shares delivered by such Selling Stockholder in certificated
form endorsed to the Underwriters, delivery of the Shares to be sold by such Selling Stockholder
and payment therefor pursuant to this Agreement will pass valid title to such Shares, free and
clear of any adverse claim within the meaning of Section 8-102 of the New York Uniform Commercial
Code, to each Underwriter who has purchased such Shares without notice of an adverse claim. With
respect to any Shares delivered by such Selling Stockholders through DTC without ever being
registered in the name of the Underwriters, upon payment for the Shares to be sold by such Selling
Stockholder pursuant to this Agreement, delivery of such Shares, as directed by the Underwriters,
to Cede & Co. (“Cede”) or such other nominee as may be designated by the Depository Trust Company
(“DTC”), registration of such Shares in the name of Cede or such other nominee and the crediting of
such Shares on the books of DTC to securities accounts of the Underwriters (assuming that neither
DTC nor any such Underwriter has notice of any adverse claim (within the meaning of Section 8-105
of the New York Uniform Commercial Code (the “UCC”)) to such Shares), (A) DTC shall be a “protected
purchaser” of such Shares within the meaning of Section 8-303 of the UCC, (B) under Section 8-501
of the UCC, the Underwriters will acquire a valid security entitlement in respect of such Shares
and (C) no action based on any “adverse claim”, within the meaning of Section 8-102 of the UCC, to
such Shares may be asserted against the Underwriters with respect to such security entitlement; for
purposes of this representation, such Selling Stockholder may assume that when such payment,
delivery and crediting occur, (x) such Shares will have been registered in the name of Cede or
another nominee designated by DTC, in each case on the Company’s share registry in accordance with
its certificate of incorporation, bylaws and applicable law, (y) DTC will be registered as a
“clearing corporation” within the meaning of Section 8-102 of the UCC and (z) appropriate entries
to the accounts of the several Underwriters on the records of DTC will have been made pursuant to
the UCC.
(f) Such Selling Stockholder is not prompted by any information concerning the
Company or its subsidiaries which is not set forth in the Prospectus to sell its Shares pursuant to
this Agreement.
(g) To the extent that any statements or omissions made in the Registration
Statement, the Time of Sale Prospectus, the Prospectus, or any amendments or supplements thereto
are made in reliance upon and in conformity with information furnished to the Company by such
Selling Stockholder for use therein, (i) the Registration Statement, when it became effective, did
not contain and, as amended or supplemented, if applicable, will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading, (ii) the Time of Sale Prospectus does not, and at the
time of each sale of the Shares in connection with the offering and at the Closing Date (as defined
in Section 5), the Time of Sale Prospectus, as then amended or supplemented by the Company, if
applicable, will not, contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein not misleading, and
(iii) the Prospectus does not contain and, as
11
amended or supplemented, if applicable, will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading.
3. Agreements to Sell and Purchase. Each Seller, severally and not jointly, hereby
agrees to sell to the several Underwriters, and each Underwriter, upon the basis of the
representations and warranties herein contained, but subject to the conditions hereinafter stated,
agrees, severally and not jointly, to purchase from such Seller at a price of $ per share
(the “Purchase Price”) the number of Firm Shares (subject to such adjustments to eliminate
fractional shares as you may determine) that bears the same proportion to the number of Firm Shares
to be sold by such Seller as the number of Firm Shares set forth in Schedule II hereto opposite the
name of such Underwriter bears to the total number of Firm Shares.
On the basis of the representations and warranties contained in this Agreement, and subject to
its terms and conditions, the Company agrees to sell to the Underwriters the Additional Shares, and
the Underwriters shall have the right to purchase, severally and not jointly, up to 1,181,250
Additional Shares at the Purchase Price. You may exercise this right on behalf of the Underwriters
in whole or from time to time in part by giving written notice not later than 30 days after the
date of this Agreement. Any exercise notice shall specify the number of Additional Shares to be
purchased by the Underwriters and the date on which such shares are to be purchased. Each purchase
date must be at least one business day after the written notice is given and may not be earlier
than the closing date for the Firm Shares nor later than ten business days after the date of such
notice. Additional Shares may be purchased as provided in Section 5 hereof solely for the purpose
of covering over-allotments made in connection with the offering of the Firm Shares. On each day,
if any, that Additional Shares are to be purchased (an “Option Closing Date”), each Underwriter
agrees, severally and not jointly, to purchase the number of Additional Shares (subject to such
adjustments to eliminate fractional shares as you may reasonably determine) that bears the same
proportion to the total number of Additional Shares to be purchased on such Option Closing Date as
the number of Firm Shares set forth in Schedule II hereto opposite the name of such Underwriter
bears to the total number of Firm Shares.
Each Seller hereby agrees that, without the prior written consent of Xxxxxx Xxxxxxx & Co.
Incorporated (“Xxxxxx Xxxxxxx”) and Credit Suisse Securities (USA) LLC (“Credit Suisse,” and
together with Xxxxxx Xxxxxxx, the “Representatives”) on behalf of the Underwriters, it will not,
during the period ending 90 days after the date of the Prospectus, (1) offer, pledge, sell,
contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly
or indirectly, any shares of Common Stock or any securities convertible into or exercisable or
exchangeable for Common Stock or (2) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of the Common Stock,
whether any such transaction described in clause (1) or (2) above is to be settled by delivery of
Common Stock or such other securities, in cash or otherwise or (3) file
12
any registration statement with the Commission relating to the offering of any shares of
Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock.
Except as otherwise set forth in separate written agreements with the Underwriters,
notwithstanding the previous paragraph, each Selling Stockholder may, but only with respect to up
to 25% of the shares of Common Stock currently held by such Selling Stockholder, engage in the
transactions described in clauses (1) and (2) of the foregoing paragraph at any time following the
75th day after the date of the Prospectus. Furthermore, the restrictions contained in
the preceding paragraph shall not apply to (a) the Shares to be sold hereunder, (b) the issuance by
the Company of shares of Common Stock upon the exercise of an option or warrant or the conversion
of a security outstanding on the date hereof of which the Underwriters have been advised in
writing, (c) transactions by a Selling Stockholder relating to shares of Common Stock or other
securities acquired in open market transactions after the completion of the offering of the Shares,
provided that no filing under Section 16(a) of the Exchange Act shall be required or shall be
voluntarily made in connection with subsequent sales of Common Stock or other securities acquired
in such open market transactions, (d) transfers by a Selling Stockholder of shares of Common Stock
or any security convertible into Common Stock as a bona fide gift, (e) distributions by a Selling
Stockholder of shares of Common Stock or any security convertible into Common Stock to limited
partners or stockholders of the Selling Stockholder; provided that in the case of any transfer or
distribution pursuant to clause (d) or (e), (i) each donee or distributee shall enter into a
written agreement accepting the restrictions set forth in the preceding paragraph and this
paragraph as if it were a Selling Stockholder and (ii) no filing under Section 16(a) of the
Exchange Act, reporting a reduction in beneficial ownership of shares of Common Stock, shall be
required or shall be voluntarily made in respect of the transfer or distribution during the 75- or
90-day restricted period, (f) the issuance of shares of, or options to purchase shares of, Common
Stock, to employees, officers, directors, advisors or consultants of the Company pursuant to
employee benefit plans disclosed in the Prospectus, provided that prior to the issuance of any such
shares or options that vest during the 90-day period following the date of the Prospectus, the
Company shall cause each recipient of such shares or options to execute and deliver to you a
“lock-up” agreement substantially in the form of Exhibit A hereto, (g) the filing of a registration
statement on Form S-8, (h) the issuance of securities in connection with the acquisition by the
Company or any of its subsidiaries of the securities, businesses, property or other assets of
another person or entity or pursuant to any employee benefit plan assumed by the Company in
connection with any such acquisition, or (i) the issuance of securities in connection with joint
ventures, commercial relationships or other strategic transactions; provided that, in the case of
clauses (h) and (i), the aggregate number of shares issued in all such acquisitions and
transactions does not exceed 10% of the shares of the Common Stock of the Company outstanding
immediately after the offering and prior to any issuance the Company shall cause each recipient of
such securities to execute and deliver to you a “lock-up” agreement substantially in the form of
Exhibit A hereto. In addition, each Selling Stockholder, agrees that, without the prior
13
written consent of the Representatives on behalf of the Underwriters, it will not, during the
period ending 90 days after the date of the Prospectus, make any demand for, or exercise any right
with respect to, the registration of any shares of Common Stock or any security convertible into or
exercisable or exchangeable for Common Stock. Each Selling Stockholder consents to the entry of
stop transfer instructions with the Company’s transfer agent and registrar against the transfer of
any Shares held by such Selling Stockholder except in compliance with the foregoing restrictions.
Notwithstanding the foregoing, if (1) during the last 17 days of the 75- or 90-day restricted
period the Company issues an earnings release or material news or a material event relating to the
Company occurs; or (2) prior to the expiration of the 75- or 90-day restricted period, the Company
announces that it will release earnings results during the 16-day period beginning on the last day
of the 75 day or 90 day restricted period, the restrictions imposed by this agreement shall
continue to apply until the expiration of the 18-day period beginning on the issuance of the
earnings release or the occurrence of the material news or material event. The Company shall
promptly notify the Representatives of any earnings release, news or event that may give rise to an
extension of the initial 75- or 90-day restricted period.
4. Terms of Public Offering. The Sellers are advised by you that the Underwriters
propose to make a public offering of their respective portions of the Shares as soon after the
Registration Statement and this Agreement have become effective as in your judgment is advisable.
The Sellers are further advised by you that the Shares are to be offered to the public initially at
a price of $ per share (the “Public Offering Price”) and to certain dealers selected by you
at a price that represents a concession not in excess of $ per share under the Public
Offering Price.
5. Payment and Delivery. Payment for the Firm Shares to be sold by each Seller
shall be made to such Seller in Federal or other funds immediately available in New York City
against delivery of such Firm Shares for the respective accounts of the several Underwriters at
10:00 a.m., New York City time, on , 2007 or at such other time on the same or such other
date, not later than , 2007, as shall be designated in writing by you. The time and date
of such payment are hereinafter referred to as the “Closing Date.”
Payment for any Additional Shares shall be made to the Company in Federal or other funds
immediately available in New York City against delivery of such Additional Shares for the
respective accounts of the several Underwriters at 10:00 a.m., New York City time, on the date
specified in the corresponding notice described in Section 2 or at such other time on the same or
on such other date, in any event not later than , 2007 as shall be designated in writing
by you.
The Firm Shares and Additional Shares shall be registered in such names and in such
denominations as you shall request in writing not later than one full business day prior to the
Closing Date or the applicable Option Closing Date, as the case may be. The Firm Shares and
Additional Shares shall be delivered to you on the Closing Date or an Option Closing Date, as the
case may be, for the
14
respective accounts of the several Underwriters, with any transfer taxes payable in connection
with the transfer of the Shares to the Underwriters duly paid, against payment of the Purchase
Price therefor.
6. Conditions to the Underwriters’ Obligations. The obligations of the Sellers to
sell the Shares to the Underwriters and the several obligations of the Underwriters to purchase and
pay for the Shares on the Closing Date are subject to the condition that the Registration Statement
shall have become effective not later than 5:00 p.m. (New York City time) on the date hereof.
The several obligations of the Underwriters are subject to the following further conditions:
(a) Subsequent to the execution and delivery of this Agreement and prior to the
Closing Date:
(i) there shall not have occurred any downgrading, nor shall any notice have been
given of any intended or potential downgrading or of any review for a possible change that does not
indicate the direction of the possible change, in the rating accorded any of the securities of the
Company or any of its subsidiaries by any “nationally recognized statistical rating organization,”
as such term is defined for purposes of Rule 436(g)(2) under the Securities Act; and
(ii) there shall not have occurred any change, or any development involving a
prospective change, in the condition, financial or otherwise, or in the earnings, business or
operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Time
of Sale Prospectus that, in your judgment, is material and adverse and that makes it, in your
judgment, impracticable to market the Shares on the terms and in the manner contemplated in the
Time of Sale Prospectus.
(b) The Underwriters shall have received on the Closing Date a certificate, dated
the Closing Date and signed by an executive officer of the Company, to the effect set forth in
Section 6(a)(i) above and to the effect that the representations and warranties of the Company
contained in this Agreement are true and correct as of the Closing Date and that the Company has
complied in all material respects with all of the agreements and satisfied all of the conditions on
its part to be performed or satisfied hereunder on or before the Closing Date.
The officer signing and delivering such certificate may rely upon the best of his or her
knowledge as to proceedings threatened.
(c) The Underwriters shall have received on the Closing Date an opinion of Xxxxxx
Xxxxxxx Xxxxxxxx & Xxxxxx, Professional Corporation, outside counsel for the Company, dated the
Closing Date, to the effect that:
(i) the Company is a corporation duly incorporated and validly existing under the
laws of Delaware and is in good standing under such laws. The Company has the requisite corporate
power to carry on its business as described in the Time of Sale Prospectus and is duly qualified to
transact business
15
and is in good standing in each jurisdiction in which the conduct of its business or its
ownership or leasing of property requires such qualification, except to the extent that the failure
to be so qualified or be in good standing would not have a material adverse effect on the Company
and its subsidiaries, taken as a whole;
(ii) the authorized capital stock of the Company as of March 31, 2007 was as set
forth in each of the Time of Sale Prospectus and the Prospectus under the “Actual” column under the
caption “Capitalization”;
(iii) the shares of Common Stock (including the Shares to be sold by the Selling
Stockholders) outstanding prior to the issuance of the Shares to be sold by the Company have been
duly authorized and are validly issued, fully paid and non-assessable;
(iv) the Shares to be sold by the Company have been duly authorized and, when issued
and delivered in accordance with the terms of this Agreement, will be validly issued, fully paid
and non-assessable, and the issuance of such Shares is not subject to any preemptive rights
contained in the Company’s Restated Certificate of Incorporation or Bylaws, or to such counsel’s
knowledge in any written agreements to which the Company is a party;
(v) this Agreement has been duly authorized, executed and delivered by the Company;
(vi) the execution and delivery by the Company of, and the performance by the
Company of its obligations pursuant to, this Agreement do not violate any provisions of the
Restated Certificate of Incorporation or Bylaws of the Company, or any provision of any applicable
federal or state law, rule or regulation known to such counsel to be customarily applicable to
transactions of this nature, or any judgment, order or decree of any governmental body, agency or
court known to such counsel after inquiry as being binding upon the Company. The execution and
delivery by the Company of this Agreement and the performance by the Company of its obligations
pursuant to this Agreement do not and will not breach, or constitute a default under, any agreement
or other instrument binding upon the Company or any of its subsidiaries that is filed as an exhibit
to the Registration Statement pursuant to Item 601of Regulation S-K, and no consent, approval,
authorization or order of, or qualification with, any governmental body or agency is required for
the performance by the Company of its obligations under this Agreement, except such as have been
obtained or may be required by the securities or Blue Sky laws of the various states in connection
with the offer and sale of the Shares;
(vii) the statements relating to legal matters, documents or proceedings included or
incorporated by reference in (A) the Time of Sale Prospectus and the Prospectus under the captions
“Management’s Discussion and Analysis of Financial Condition and Results of Operations — Other
Factors Affecting Liquidity and Capital Resources,” “Management — Committees of our Board of
Directors,” “Management — Director Compensation,” “Employee Benefit Plans,” “Employment Agreements
and Change-in-Control Arrangements — Employment Agreements, Offer Letters and Similar Agreements,”
16
“Employment Agreements and Change-in-Control Arrangements — Change-in-Control Arrangements and
Potential Payments Upon Termination or Change of Control,” “Employment Agreements and
Change-in-Control Arrangements — Limitation on Liability and Indemnification Matters,” “Certain
Relationships and Related Party Transactions,” “Description of Capital Stock,” “Risk Factors —
Sales of outstanding shares of our common stock into the market in the future could cause the
market price of our common stock to drop significantly even if our business is doing well,” and
“Underwriters” (except for the statements in the third and tenth paragraphs under “Underwriters” as
to which such counsel need not express any opinion) and (B) the Registration Statement in Items 14
and 15, in each case, insofar as such statements constitute summaries of legal matters, documents
or proceedings referred to therein, fairly summarize the matters, documents or proceedings referred
to therein in all material respects;
(viii) to the knowledge of such counsel, there are no (i) legal or governmental
proceedings required to be described in the Registration Statement or the Prospectus which are not
described in all material respects therein as required or (ii) statutes, regulations, contracts or
documents of a character required to be described in the Registration Statement or the Prospectus
or filed as exhibits to the Registration Statement which are not described or filed as required;
(ix) the Company is not, and after giving effect to the offering and sale of the
Shares and the application of the proceeds thereof as described in the Prospectus will not be,
required to register as an “investment company” as such term is defined in the Investment Company
Act of 1940, as amended; and
(x) the Registration Statement was declared effective under the Securities Act, and
the Prospectus was filed with the Commission pursuant to Rule 424(b) under the Securities Act on
, 2007. To such counsel’s knowledge, no stop order suspending the effectiveness of the
Registration Statement or any part thereof has been issued, and no proceedings for that purpose
have been instituted or are pending or contemplated under the Securities Act.
In addition, the opinion shall include a statement from such counsel to the effect that (i)
such counsel has participated in conferences with certain officers and other representatives of the
Company, the representatives of the Underwriters, counsel for the Underwriters and the independent
public accountants of the Company, at which conferences the contents of the Registration Statement,
the Time of Sale Prospectus and the Prospectus, the documents incorporated by reference therein and
related matters were reviewed and discussed, and (ii) although such counsel does not assume any
responsibility for the accuracy, completeness or fairness of the statements contained or
incorporated by reference in the Registration Statement, the Time of Sale Prospectus or the
Prospectus (except as set forth in paragraphs (vii) and (viii) above), no facts have come to the
attention of such counsel in the course of such review and discussion that have caused such counsel
to believe that (A) the Registration Statement at the time it
17
became effective contained an untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the statements therein
not (other than the financial statements and the financial data derived from such financial
statements, as to which such counsel need not express any belief), (B) the Time of Sale Prospectus,
as of the time of the execution of the Agreement, contained an untrue statement of a material fact
or omitted to state a material fact necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading (other than the financial statements
and the financial data derived from such financial statements, as to which such counsel need not
express any belief), or (C) the Prospectus, as of its date or as of the date hereof, contained an
untrue statement of a material fact or omitted to state a material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not
misleading (other than the financial statements and the financial data derived from such financial
statements, as to which such counsel need not express any belief). In addition, such counsel
confirms to the Underwriters that the Registration Statement, at the time it became effective, the
Prospectus, at the time it was transmitted for filing with the Commission pursuant to Rule 424(b)
of the General Rules and Regulations under the Securities Act (other than the financial statements,
as to which such counsel need not express a confirmation), appeared on their face to be
appropriately responsive, in all material respects relevant to the offering of the Shares, to the
requirements of the Securities Act and the applicable Rules and Regulations under the Securities
Act; and the documents incorporated by reference in the Registration Statement and the Prospectus
at their time of filing with the Commission (other than the financial statements, as to which such
counsel need not express a confirmation) appeared on their face to be appropriately responsive, in
all material respects relevant to the offering of the Shares, to the requirements of the Exchange
Act and the applicable Rules and Regulations under the Exchange Act .
The Underwriters shall also have received an opinion of Xxxxxx Xxxxxxx LLP, a limited
liability partnership registered in England and Wales regarding Touch Clarity in form and substance
satisfactory to counsel to the Underwriters.
(d) The Underwriters shall have received on the Closing Date opinions of counsel for
the Selling Stockholders, dated the Closing Date, to the effect that:
(i) this Agreement has been duly authorized, executed and delivered by or on behalf
of each of the Selling Stockholders;
(ii) the execution and delivery by each Selling Stockholder of, and the performance
by such Selling Stockholder of its obligations under, this Agreement and the Custody Agreement and
Powers of Attorney of such Selling Stockholder will not contravene any provision of applicable law,
or the charter documents of such Selling Stockholder (if such Selling Stockholder is an entity),
or, to such counsel’s knowledge, any agreement or other instrument binding upon such Selling
Stockholder or, to such counsel’s knowledge, any judgment, order or decree of any governmental
body, agency or
18
court having jurisdiction over such Selling Stockholder, and no consent, approval,
authorization or order of, or qualification with, any governmental body or agency is required for
the performance by such Selling Stockholder of its obligations under this Agreement or the Custody
Agreement or Power of Attorney of such Selling Stockholder, except such as may be required by the
securities or Blue Sky laws of the various states in connection with offer and sale of the Shares;
(iii) each of the Selling Stockholders has the legal right and power, and all
authorization and approval required by law, to enter into this Agreement and the Custody Agreement
and Power of Attorney of such Selling Stockholder and to sell, transfer and deliver the Shares to
be sold by such Selling Stockholder or a security entitlement in respect of such Shares;
(iv) the Custody Agreement and the Power of Attorney of each Selling Stockholder
have been duly authorized, executed and delivered by such Selling Stockholder and are valid and
binding agreements of such Selling Stockholder;
(v) upon payment for the Shares to be sold by the Selling Stockholders pursuant to
this Agreement, delivery of such Shares, as directed by the Underwriters, to Cede or such other
nominee as may be designated by DTC, registration of such Shares in the name of Cede or such other
nominee and the crediting of such Shares on the books of DTC to securities accounts of the
Underwriters (assuming that neither DTC nor any such Underwriter has notice of any adverse claim
within the meaning of Section 8-105 of the CUCC to such Shares), (A) DTC shall be a “protected
purchaser” of such Shares within the meaning of Section 8-303 of the CUCC, (B) under Section 8-501
of the CUCC, the Underwriters will acquire a security entitlement in respect of such Shares and (C)
no action based on any “adverse claim” (within the meaning of Section 8-102 of the CUCC) to such
Shares may be asserted against the Underwriters with respect to such security entitlement; in
giving this opinion, counsel for the Selling Stockholders may assume that when such payment,
delivery and crediting occur, (x) such Shares will have been registered in the name of Cede or
another nominee designated by DTC, in each case on the Company’s share registry in accordance with
its certificate of incorporation, bylaws and applicable law, (y) DTC will be registered as a
“clearing corporation” within the meaning of Section 8-102 of the CUCC and (z) appropriate entries
to the accounts of the several Underwriters on the records of DTC will have been made pursuant to
the CUCC.
(e) The Underwriters shall have received on the Closing Date an opinion of Fenwick &
West LLP, counsel for the Underwriters, dated the Closing Date, covering the matters referred to in
Sections 6(c)(iv), 6(c)(v), 6(c)(vii) (but only as to the statements in each of the Time of Sale
Prospectus and the Prospectus under “Description of Capital Stock” and “Underwriters”) and the
paragraph following 6(c)(xii) above.
With respect to the paragraph following 6(c)(xii) above, Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
Professional Corporation and Fenwick & West LLP may state that their opinions and beliefs are based
upon their participation in the preparation
19
of the Registration Statement, the Time of Sale Prospectus and Prospectus and any amendments
or supplements thereto and review and discussion of the contents thereof, but are without
independent check or verification, except as specified. With respect to Section 6(d) above, Xxxxxx
Xxxxxxx Xxxxxxxx & Xxxxxx Professional Corporation may rely upon an opinion or opinions of counsel
for any Selling Stockholders and, with respect to factual matters and to the extent such counsel
deems appropriate, upon the representations of each Selling Stockholder contained herein and in the
Custody Agreement and Power of Attorney of such Selling Stockholder and in other documents and
instruments; provided that (A) each such counsel for the Selling Stockholders is satisfactory to
your counsel, (B) a copy of each opinion so relied upon is delivered to you and is in form and
substance satisfactory to your counsel, (C) copies of such Custody Agreements and Powers of
Attorney and of any such other documents and instruments shall be delivered to you and shall be in
form and substance satisfactory to your counsel and (D) Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
Professional Corporation shall state in their opinion that they are justified in relying on each
such other opinion.
The opinions of Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx Professional Corporation and Fenwick & West
LLP described in Sections 6(c), 6(d) and 6(e) (and any opinions of counsel for any Selling
Stockholder referred to in the immediately preceding paragraph) shall be rendered to the
Underwriters at the request of the Company or one or more of the Selling Stockholders, as the case
may be, and shall so state therein.
(f) The Underwriters shall have received, on each of the date hereof and the Closing
Date, a letter dated the date hereof or the Closing Date, as the case may be, in form and substance
satisfactory to the Underwriters, from Ernst & Young LLP, independent public accountants,
containing statements and information of the type ordinarily included in accountants’ “comfort
letters” to underwriters with respect to the financial statements and certain financial information
contained in the Registration Statement, the Time of Sale Prospectus and the Prospectus; provided
that the letter delivered on the Closing Date shall use a “cut-off date” not earlier than the date
hereof.
(g) The “lock-up” agreements, each substantially in the form of Exhibit A hereto,
between you and all stockholders, optionees, officers and directors of the Company relating to
sales and certain other dispositions of shares of Common Stock or certain other securities,
delivered to you on or before the date hereof, shall be in full force and effect on the Closing
Date.
The several obligations of the Underwriters to purchase Additional Shares hereunder are
subject to the delivery to you on the applicable Option Closing Date of such documents as you may
reasonably request with respect to the good standing of the Company, the due authorization and
issuance of the Additional Shares to be sold on such Option Closing Date and other matters related
to the issuance of such Additional Shares.
7. Covenants of the Company. The Company covenants with each Underwriter as
follows:
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(a) To furnish to you, without charge, five signed copies of the Registration
Statement (including exhibits thereto) and for delivery to each other Underwriter a conformed copy
of the Registration Statement (without exhibits thereto) and to furnish to you in New York City,
without charge, prior to 10:00 a.m. New York City time on the business day next succeeding the date
of this Agreement and during the period mentioned in Section 7(e) or 7(f) below, as many copies of
the Time of Sale Prospectus, the Prospectus and any supplements and amendments thereto or to the
Registration Statement as you may reasonably request.
(b) Before amending or supplementing the Registration Statement, the Time of Sale
Prospectus or the Prospectus, to furnish to you a copy of each such proposed amendment or
supplement and not to file any such proposed amendment or supplement to which you reasonably
object, and to file with the Commission within the applicable period specified in Rule 424(b) under
the Securities Act any prospectus required to be filed pursuant to such Rule.
(c) To furnish to you a copy of each proposed free writing prospectus to be prepared
by or on behalf of, used by, or referred to by the Company and not to use or refer to any proposed
free writing prospectus to which you reasonably object.
(d) Not to take any action that would result in an Underwriter or the Company being
required to file with the Commission pursuant to Rule 433(d) under the Securities Act a free
writing prospectus prepared by or on behalf of the Underwriter that the Underwriter otherwise would
not have been required to file thereunder.
(e) If the Time of Sale Prospectus is being used to solicit offers to buy the Shares
at a time when the Prospectus is not yet available to prospective purchasers and any event shall
occur or condition exist as a result of which it is necessary to amend or supplement the Time of
Sale Prospectus in order to make the statements therein, in the light of the circumstances, not
misleading, or if any event shall occur or condition exist as a result of which the Time of Sale
Prospectus conflicts with the information contained in the Registration Statement then on file, or
if, in the opinion of counsel for the Underwriters, it is necessary to amend or supplement the Time
of Sale Prospectus to comply with applicable law, forthwith to prepare, file with the Commission
and furnish, at its own expense, to the Underwriters and to any dealer upon request, either
amendments or supplements to the Time of Sale Prospectus so that the statements in the Time of Sale
Prospectus as so amended or supplemented will not, in the light of the circumstances when delivered
to a prospective purchaser, be misleading or so that the Time of Sale Prospectus, as amended or
supplemented, will no longer conflict with the Registration Statement, or so that the Time of Sale
Prospectus, as amended or supplemented, will comply with applicable law.
(f) If, during such period after the first date of the public offering of the Shares
as in the opinion of counsel for the Underwriters the Prospectus (or in lieu thereof the notice
referred to in Rule 173(a) under the
21
Securities Act) is required by law to be delivered in connection with sales by an Underwriter
or dealer, any event shall occur or condition exist as a result of which it is necessary to amend
or supplement the Prospectus in order to make the statements therein, in the light of the
circumstances when the Prospectus (or in lieu thereof the notice referred to in Rule 173(a) under
the Securities Act) is delivered to a purchaser, not misleading, or if, in the opinion of counsel
for the Underwriters, it is necessary to amend or supplement the Prospectus to comply with
applicable law, forthwith to prepare, file with the Commission and furnish, at its own expense, to
the Underwriters and to the dealers (whose names and addresses you will furnish to the Company) to
which Shares may have been sold by you on behalf of the Underwriters and to any other dealers upon
request, either amendments or supplements to the Prospectus so that the statements in the
Prospectus as so amended or supplemented will not, in the light of the circumstances when the
Prospectus (or in lieu thereof the notice referred to in Rule 173(a) under the Securities Act) is
delivered to a purchaser, be misleading or so that the Prospectus, as amended or supplemented, will
comply with law.
(g) To endeavor to qualify the Shares for offer and sale under the securities or
Blue Sky laws of such jurisdictions as you shall reasonably request.
(h) To make generally available to the Company’s security holders and to you as soon
as practicable an earning statement covering a period of at least twelve months beginning with the
first fiscal quarter of the Company after the date of this Agreement which shall satisfy the
provisions of Section 11(a) of the Securities Act and the rules and regulations of the Commission
thereunder.
8. Expenses. Whether or not the transactions contemplated in this Agreement are
consummated or this Agreement is terminated, the Company agrees to pay or cause to be paid all
expenses incident to the performance of their obligations under this Agreement, including: (ii) the
fees, disbursements and expenses of the Company’s counsel, the Company’s accountants and counsel
for the Selling Stockholders in connection with the registration and delivery of the Shares under
the Securities Act and all other fees or expenses in connection with the preparation and filing of
the Registration Statement, any preliminary prospectus, the Time of Sale Prospectus, the
Prospectus, any free writing prospectus prepared by or on behalf of, used by, or referred to by the
Company and amendments and supplements to any of the foregoing, including all printing costs
associated therewith, and the mailing and delivering of copies thereof to the Underwriters and
dealers, in the quantities hereinabove specified, (iii) all costs and expenses related to the
transfer and delivery of the Shares to the Underwriters, including any transfer or other taxes
payable thereon, (iv) all filing fees incurred in connection with the review and qualification of
the offering of the Shares by the National Association of Securities Dealers, Inc., (v) all fees
and expenses in connection with the preparation and filing of the registration statement on Form
8-A relating to the Common Stock and all costs and expenses incident to listing the Shares on the
Nasdaq Global Market, (vi) the cost of printing certificates representing the Shares, (vii) the
costs and charges of any transfer agent, registrar or depositary, (viii) the document production
charges and
22
expenses associated with printing this Agreement and (ix) all other costs and expenses
incident to the performance of the obligations of the Company hereunder for which provision is not
otherwise made in this Section. It is understood, however, that except as provided in this Section,
Section 10 entitled “Indemnity and Contribution,” and the last paragraph of Section 12 below, the
Underwriters will pay all of their costs and expenses, including fees and disbursements of their
counsel, stock transfer taxes payable on resale of any of the Shares by the Underwriters and any
advertising expenses connected with any offers made by the Underwriters, as well as the costs and
expenses relating to investor presentations on any “road show” undertaken in connection with the
marketing of the offering of the Shares, including, without limitation, travel, lodging and meal
expenses of the representatives and officers of the Company and the underwriters, and the cost of
all charges and expenses related to any aircraft chartered in connection with the road show but not
including the fees and expenses of any consultants engaged by the Company or with the prior
approval of the Company in connection with the road show presentations.
The provisions of this Section shall not supersede or otherwise affect any agreement that the
Sellers may otherwise have for the allocation of such expenses among themselves.
9. Covenants of the Underwriters. Each Underwriter severally covenants with the
Company not to take any action that would result in the Company being required to file with the
Commission under Rule 433(d) a free writing prospectus prepared by or on behalf of such Underwriter
that otherwise would not be required to be filed by the Company thereunder, but for the action of
the Underwriter.
10. Indemnity and Contribution.
(a) The Company agrees to indemnify and hold harmless each Underwriter, each person,
if any, who controls any Underwriter within the meaning of either Section 15 of the Securities Act
or Section 20 of the Exchange Act, and each affiliate of any Underwriter within the meaning of Rule
405 under the Securities Act from and against any and all losses, claims, damages and liabilities
(including, without limitation, any legal or other expenses reasonably incurred in connection with
defending or investigating any such action or claim) caused by any untrue statement or alleged
untrue statement of a material fact contained or incorporated by reference in the Registration
Statement or any amendment thereof, any preliminary prospectus, the Time of Sale Prospectus, any
issuer free writing prospectus as defined in Rule 433(h) under the Securities Act, any Company
information that the Company has filed, or is required to file, pursuant to Rule 433(d) of the
Securities Act, or the Prospectus or any amendment or supplement thereto, or caused by any omission
or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, except insofar as such losses, claims, damages or
liabilities are caused by any such untrue statement or omission or alleged untrue statement or
omission based upon information relating to any
23
Underwriter furnished to the Company in writing by such Underwriter through you expressly for
use therein.
(b) Each Selling Stockholder agrees, severally and not jointly, to indemnify and
hold harmless each Underwriter, each person, if any, who controls any Underwriter within the
meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each
affiliate of any Underwriter within the meaning of Rule 405 under the Securities Act from and
against any and all losses, claims, damages and liabilities (including, without limitation, any
legal or other expenses reasonably incurred in connection with defending or investigating any such
action or claim) caused by any untrue statement or alleged untrue statement of a material fact
contained or incorporated by reference in the Registration Statement or any amendment thereof, any
preliminary prospectus, Time of Sale Prospectus, any issuer free writing prospectus as defined in
Rule 433(h) under the Securities Act, any Company information that the Company has filed, or is
required to file, pursuant to Rule 433(d) of the Securities Act, or the Prospectus or any amendment
or supplement thereto, or caused by any omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein not misleading, but
only to the extent that such untrue statement or alleged untrue statement or omission or alleged
omission was made in reliance upon and in conformity with written information relating to the
Selling Stockholder and furnished by or on behalf of the Selling Stockholder specifically for use
therein; provided, however, that the liability of a Selling Stockholder pursuant to this subsection
(b) hereof shall be limited to an amount equal to the aggregate Public Offering Price of the Shares
sold by such Selling Stockholder under this Agreement.
(c) Each Underwriter agrees, severally and not jointly, to indemnify and hold
harmless the Company, the Selling Stockholders, the directors of the Company, the officers of the
Company who sign the Registration Statement and each person, if any, who controls the Company or
any Selling Stockholder within the meaning of either Section 15 of the Securities Act or Section 20
of the Exchange Act to the same extent as the foregoing indemnity from the Company to such
Underwriter, but only with reference to information relating to such Underwriter furnished to the
Company in writing by such Underwriter through you expressly for use or incorporation by reference
in the Registration Statement, any preliminary prospectus, the Time of Sale Prospectus, any issuer
free writing prospectus or the Prospectus or any amendment or supplement thereto.
(d) In case any proceeding (including any governmental investigation) shall be
instituted involving any person in respect of which indemnity may be sought pursuant to Section
10(b), 10(b) or 10(c) such person (the “indemnified party”) shall promptly notify the person
against whom such indemnity may be sought (the “indemnifying party”) in writing and the
indemnifying party, upon request of the indemnified party, shall retain counsel reasonably
satisfactory to the indemnified party to represent the indemnified party and any others the
indemnifying party may designate in such proceeding and shall pay the fees and disbursements of
such counsel related to such proceeding. In any such proceeding, any indemnified party shall have
the right to retain its own
24
counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified
party unless (i) the indemnifying party and the indemnified party shall have mutually agreed to the
retention of such counsel or (ii) the named parties to any such proceeding (including any impleaded
parties) include both the indemnifying party and the indemnified party and representation of both
parties by the same counsel would be inappropriate due to actual or potential differing interests
between them. It is understood that the indemnifying party shall not, in respect of the legal
expenses of any indemnified party in connection with any proceeding or related proceedings in the
same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition
to any local counsel) for all Underwriters and all persons, if any, who control any Underwriter
within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act or
who are affiliates of any Underwriter within the meaning of Rule 405 under the Securities Act, (ii)
the fees and expenses of more than one separate firm (in addition to any local counsel) for the
Company, its directors, its officers who sign the Registration Statement and each person, if any,
who controls the Company within the meaning of either such Section and (iii) the fees and expenses
of more than one separate firm (in addition to any local counsel) for all Selling Stockholders and
all persons, if any, who control any Selling Stockholder within the meaning of either such Section,
and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any
such separate firm for the Underwriters and such control persons and affiliates of any
Underwriters, such firm shall be designated in writing by the Representatives. In the case of any
such separate firm for the Company, and such directors, officers and control persons of the
Company, such firm shall be designated in writing by the Company. In the case of any such separate
firm for the Selling Stockholders and such control persons of any Selling Stockholders, such firm
shall be designated in writing by the persons named as attorneys-in-fact for the Selling
Stockholders under the Powers of Attorney. The indemnifying party shall not be liable for any
settlement of any proceeding effected without its written consent, but if settled with such consent
or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party from and against any loss or liability by reason of such settlement or judgment.
Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an
indemnifying party to reimburse the indemnified party for fees and expenses of counsel as
contemplated by the second and third sentences of this paragraph, the indemnifying party agrees
that it shall be liable for any settlement of any proceeding effected without its written consent
if (i) such settlement is entered into more than 90 days after receipt by such indemnifying party
of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified
party in accordance with such request prior to the date of such settlement. No indemnifying party
shall, without the prior written consent of the indemnified party, effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or could have been a
party and indemnity could have been sought hereunder by such indemnified party, unless such
settlement includes an unconditional release of such indemnified party from all liability on claims
that are the subject matter of such proceeding.
25
(e) To the extent the indemnification provided for in Section 10(a), 10(b) or 10(c)
is unavailable to an indemnified party or insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each indemnifying party under such paragraph, in lieu of
indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable by
such indemnified party as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by the indemnifying party or
parties on the one hand and the indemnified party or parties on the other hand from the offering of
the Shares or (ii) if the allocation provided by clause 10(e)(i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause 10(e)(i) above but also the relative fault of the indemnifying party or
parties on the one hand and of the indemnified party or parties on the other hand in connection
with the statements or omissions that resulted in such losses, claims, damages or liabilities, as
well as any other relevant equitable considerations. The relative benefits received by the Sellers
on the one hand and the Underwriters on the other hand in connection with the offering of the
Shares shall be deemed to be in the same respective proportions as the net proceeds from the
offering of the Shares (before deducting expenses) received by each Seller and the total
underwriting discounts and commissions received by the Underwriters, in each case as set forth in
the table on the cover of the Prospectus, bear to the aggregate Public Offering Price of the
Shares. The relative fault of the Sellers on the one hand and the Underwriters on the other hand
shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by the Sellers or by the Underwriters and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission.
The Underwriters’ respective obligations to contribute pursuant to this Section 10 are several in
proportion to the respective number of Shares they have purchased hereunder, and not joint. The
liability of each Selling Stockholder under the contribution agreement contained in this paragraph
shall be limited to an amount equal to the aggregate Public Offering Price of the Shares sold by
such Selling Stockholder under this Agreement.
(f) The Sellers and the Underwriters agree that it would not be just or equitable if
contribution pursuant to this Section 10 were determined by pro rata allocation (even if the
Underwriters were treated as one entity for such purpose) or by any other method of allocation that
does not take account of the equitable considerations referred to in Section 10(e). The amount
paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities
referred to in Section 10(e) shall be deemed to include, subject to the limitations set forth
above, any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. Notwithstanding the provisions of this
Section 10, no Underwriter shall be required to contribute any amount in excess of the amount by
which the total price at which the Shares underwritten by it and distributed to the public were
offered to the public exceeds the amount of any damages that such Underwriter has otherwise been
required to pay by reason of such untrue or alleged untrue
26
statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in
this Section 10 are not exclusive and shall not limit any rights or remedies which may otherwise be
available to any indemnified party at law or in equity.
(g) The indemnity and contribution provisions contained in this Section 10 and the
representations, warranties and other statements of the Company and the Selling Stockholders
contained in this Agreement shall remain operative and in full force and effect regardless of ii.
any termination of this Agreement, iii. any investigation made by or on behalf of any Underwriter,
any person controlling any Underwriter or any affiliate of any Underwriter, any Selling Stockholder
or any person controlling any Selling Stockholder, or the Company, its officers or directors or any
person controlling the Company and iv. acceptance of and payment for any of the Shares.
11. Termination. The Underwriters may terminate this Agreement by notice given by
you to the Company, if after the execution and delivery of this Agreement and prior to the Closing
Date (i) trading generally shall have been suspended or materially limited on, or by, as the case
may be, any of the New York Stock Exchange, the American Stock Exchange, the Nasdaq National
Market, the Chicago Board of Options Exchange, the Chicago Mercantile Exchange or the Chicago Board
of Trade, (ii) trading of any securities of the Company shall have been suspended on any exchange
or in any over-the-counter market, (iii) a material disruption in securities settlement, payment or
clearance services in the United States shall have occurred, (iv) any moratorium on commercial
banking activities shall have been declared by Federal or New York State authorities or (v) there
shall have occurred any outbreak or escalation of hostilities, or any change in financial markets
or any calamity or crisis that, in your judgment, is material and adverse and which, singly or
together with any other event specified in this clause (v), makes it, in your judgment,
impracticable or inadvisable to proceed with the offer, sale or delivery of the Shares on the terms
and in the manner contemplated in the Time of Sale Prospectus or the Prospectus.
12. Effectiveness; Defaulting Underwriters. This Agreement shall become effective
upon the execution and delivery hereof by the parties hereto.
If, on the Closing Date or an Option Closing Date, as the case may be, any one or more of the
Underwriters shall fail or refuse to purchase Shares that it has or they have agreed to purchase
hereunder on such date, and the aggregate number of Shares which such defaulting Underwriter or
Underwriters agreed but failed or refused to purchase is not more than one-tenth of the aggregate
number of the Shares to be purchased on such date, the other Underwriters shall be obligated
severally in the proportions that the number of Firm Shares set forth opposite their respective
names in Schedule II bears to the aggregate number of Firm Shares set forth opposite the names of
all such non-defaulting Underwriters, or in such other proportions as you may specify, to purchase
the Shares which
27
such defaulting Underwriter or Underwriters agreed but failed or refused to purchase on such
date; provided that in no event shall the number of Shares that any Underwriter has agreed to
purchase pursuant to this Agreement be increased pursuant to this Section 12 by an amount in excess
of one-ninth of such number of Shares without the written consent of such Underwriter. If, on the
Closing Date, any Underwriter or Underwriters shall fail or refuse to purchase Firm Shares and the
aggregate number of Firm Shares with respect to which such default occurs is more than one-tenth of
the aggregate number of Firm Shares to be purchased on such date, and arrangements satisfactory to
you, the Company and the Selling Stockholders for the purchase of such Firm Shares are not made
within 36 hours after such default, this Agreement shall terminate without liability on the part of
any non-defaulting Underwriter, the Company or the Selling Stockholders. In any such case either
you or the relevant Sellers shall have the right to postpone the Closing Date, but in no event for
longer than seven days, in order that the required changes, if any, in the Registration Statement,
in the Time of Sale Prospectus, in the Prospectus or in any other documents or arrangements may be
effected. If, on an Option Closing Date, any Underwriter or Underwriters shall fail or refuse to
purchase Additional Shares and the aggregate number of Additional Shares with respect to which such
default occurs is more than one-tenth of the aggregate number of Additional Shares to be purchased
on such Option Closing Date, the non-defaulting Underwriters shall have the option to (i) terminate
their obligation hereunder to purchase the Additional Shares to be sold on such Option Closing Date
or (ii) purchase not less than the number of Additional Shares that such non-defaulting
Underwriters would have been obligated to purchase in the absence of such default. Any action
taken under this paragraph shall not relieve any defaulting Underwriter from liability in respect
of any default of such Underwriter under this Agreement.
If this Agreement shall be terminated by the Underwriters, or any of them, because of any
failure or refusal on the part of any Seller to comply with the terms or to fulfill any of the
conditions of this Agreement (other than the condition set forth in Section 6(e)), or if for any
reason any Seller shall be unable to perform its obligations under this Agreement, the Sellers will
reimburse the Underwriters or such Underwriters as have so terminated this Agreement with respect
to themselves, severally, for all out-of-pocket expenses (including the fees and disbursements of
their counsel) reasonably incurred by such Underwriters in connection with this Agreement or the
offering contemplated hereunder.
13. Entire Agreement.
(a) This Agreement, together with any contemporaneous written agreements and any
prior written agreements (to the extent not superseded by this Agreement) that relate to the
offering of the Shares, represents the entire agreement between the Company, the Selling
Stockholders and the Underwriters with respect to the preparation of any preliminary prospectus,
the Time of Sale Prospectus, the Prospectus, the conduct of the offering, and the purchase and sale
of the Shares.
28
(b) The Company and the Selling Stockholders acknowledges that in connection with
the offering of the Shares: v. the Underwriters have acted at arms length, are not agents of, and
owe no fiduciary duties to, the Company, the Selling Stockholders or any other person, vi. the
Underwriters owe the Company and the Selling Stockholders only those duties and obligations set
forth in this Agreement and prior written agreements (to the extent not superseded by this
Agreement), if any, and vii. the Underwriters may have interests that differ from those of the
Company and the Selling Stockholders. The Company and the Selling Stockholders waive to the full
extent permitted by applicable law any claims it may have against the Underwriters arising from an
alleged breach of fiduciary duty in connection with the offering of the Shares.
14. Counterparts. This Agreement may be signed in two or more counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.
15. Applicable Law. This Agreement shall be governed by and construed in accordance
with the internal laws of the State of New York.
16. Headings. The headings of the sections of this Agreement have been inserted for
convenience of reference only and shall not be deemed a part of this Agreement.
29
17. Notices. All communications hereunder shall be in writing and effective only upon
receipt and if to the Underwriters shall be delivered, mailed or sent to you in care of Xxxxxx
Xxxxxxx & Co. Incorporated, 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Equity Syndicate
Desk, with a copy to the Legal Department, and a copy to Credit Suisse Securities (USA) LLC, Eleven
Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000-0000, Attention: Transactions Advisory Group; if to the Company
shall be delivered, mailed or sent to Omniture, Inc., 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxx, Xxxx 00000,
Attn.: Chief Legal Officer and if to the Selling Stockholders shall be delivered, mailed or sent
to them by name at Omniture, Inc., 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxx, Xxxx 00000.
Very truly yours, OMNITURE, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
The Selling Stockholders named in Schedule hereto, acting severally |
||||
By: | ||||
Attorney-in Fact | ||||
Accepted as of the date hereof
Xxxxxx Xxxxxxx & Co. Incorporated
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
JMP Securities LLC
Xxxxxxxxxx & Co., LLC
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
JMP Securities LLC
Xxxxxxxxxx & Co., LLC
Acting severally on behalf of themselves and the several Underwriters named in Schedule II hereto. | ||||
By: Xxxxxx Xxxxxxx & Co. Incorporated | ||||
By: |
||||
30
Name: | ||||
Title: | ||||
By: Credit Suisse Securities (USA) LLC | ||||
By: |
||||
Title: |
31
SCHEDULE I
Number of Firm Shares | ||||
Selling Stockholder | To Be Sold | |||
Cocolalla, LLC |
300,000 | |||
SSWRTW Trust |
150,000 | |||
Erutinmo, LLC |
150,000 | |||
Scale Venture Partners II, LP |
50,000 | |||
Xxxxxxxx Xxxxxxx |
75,000 | |||
Total |
725,000 | |||
SCHEDULE II
Number of Firm Shares | ||||
Underwriter | To Be Purchased | |||
Xxxxxx Xxxxxxx & Co. Incorporated |
||||
Credit Suisse Securities (USA) LLC
|
||||
Deutsche Bank Securities Inc.
|
||||
X.X. Xxxxxx Securities Inc. |
||||
JMP Securities LLC |
||||
Xxxxxxxxxx & Co., LLC |
||||
Total: |
SCHEDULE III
Time of Sale Prospectus
1. | Preliminary Prospectus issued ___, 2007 |
2. | [identify all free writing prospectuses filed by the Company under Rule 433(d) of the Securities Act] |
3. | [free writing prospectus containing a description of terms that does not reflect final terms, if the Time of Sale Prospectus does not include a final term sheet] |
4. | [orally communicated pricing information to be included on Schedule II if a final term sheet is not used] |
EXHIBIT A
EXHIBIT B
Issuer:
|
Omniture, Inc. | |
Symbol:
|
OMTR | |
Size:
|
$ | |
Total Shares Offered:
|
7,875,000 shares | |
Shares Offered by Omniture:
|
7,150,000 shares | |
Shares Offered by Selling
|
725,000 shares | |
Stockholders: |
||
Greenshoe:
|
1,181,250 shares; option to purchase additional shares from Omniture | |
Price to public:
|
$ per share | |
Trade date:
|
June ___, 2007 | |
Closing date:
|
June ___, 2007 | |
CUSIP:
|
68212S 10 9 | |
Underwriters:
|
Xxxxxx Xxxxxxx & Co. Incorporated | |
Credit Suisse Securities (USA) LLC | ||
Deutsche Bank Securities Inc. | ||
X.X. Xxxxxx Securities Inc. | ||
JMP Securities LLC | ||
Xxxxxxxxxx & Co., LLC |
A copy of the prospectus relating to this offering may be obtained by contacting Xxxxxx Xxxxxxx &
Co. Incorporated, 000 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000; Attention: Prospectus Department or
Credit Suisse Securities (USA) LLC, Eleven Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000-0000; Attention:
Prospectus Department.