EXHIBIT 10.51
VISTA MEDICAL TECHNOLOGIES, INC.
SECOND AMENDMENT TO THE AMENDED AND RESTATED
INVESTORS' RIGHTS AGREEMENT
THIS SECOND AMENDMENT TO THE AMENDED AND RESTATED INVESTORS' RIGHTS
AGREEMENT (the "Amendment") is made as of the 22nd day of October, 1997 (the
"Effective Date"), by and among VISTA MEDICAL TECHNOLOGIES, INC., a Delaware
corporation (the "Company"), SILICON VALLEY BANK (the "Warrant Holder") and the
Stockholders listed on Exhibit "A" hereto, each of which is hereby referred to
as a "Stockholder."
R E C I T A L S
WHEREAS, the Company and certain of the Stockholders are parties to a
certain Amended and Restated Investors' Rights Agreement dated as of November
27, 1996, as amended through the date hereof (the "Agreement"), pursuant to
which certain of the Stockholders possess registration rights, information
rights, rights of first refusal and other rights, and the Company is
obligated thereunder;
WHEREAS, the Company has issued a warrant ("Warrant") to Warrant Holder to
purchase up to 27,184 shares of Common Stock of the Company; and
WHEREAS, the Stockholders, the Company and the Warrant Holder hereby
intend that this Amendment shall amend the Agreement so that the obligations
of the Company to register Common Stock issuable to Warrant Holder upon
exercise of the Warrant (as defined below) are covered by the Agreement.
NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:
1. Section 1.2 entitled "Certain Definitions" is hereby amended to add
the following definition:
"SILICON VALLEY BANK WARRANT" shall mean that certain Warrant to
Purchase Stock dated October 22, 1997 issued by the Company to Silicon Valley
Bank.
2. The following definition in the Agreement is amended in its
entirety to read as follows:
"REGISTRABLE SECURITIES" means (i) the Common Stock issuable or issued
upon conversion of the Series A Preferred, (ii) the Common Stock issuable or
issued upon conversion of the Series B Preferred, (iii) the Common Stock
issuable or issued upon conversion of the Series C Preferred, (iv) the Common
Stock issuable or issued upon exercise
of the Warrant, (v) the Common Stock issuable or issued upon exercise of the
Silicon Valley Bank Warrant and (vi) any Common Stock of the Company issued
as (or issuable upon the conversion or exercise of any warrant, right or
other security which is issued as) a dividend or other distribution with
respect to or in exchange for or in replacement of, the shares referenced in
(i), (ii), (iii), (iv) and (v) above, excluding in all cases, however, any
Registrable Securities sold by a person in a transaction in which his rights
under this Section 1 are not assigned and any Registrable Securities as to
which the registration rights granted hereunder have been terminated pursuant
to Section 1.14.
3. By signature below, Warrant Holder agrees that it will have and
comply with all of the rights and obligations of a Holder under the
Agreement. All other terms and provisions of the Agreement remain in full
force and effect.
The foregoing Second Amendment to the Amended and Restated Investors'
Rights Agreement is hereby executed as of the date first above written.
THE COMPANY:
VISTA MEDICAL TECHNOLOGIES, INC.
By: /s/ Xxxx X. Xxxx
---------------------------
Title: President
-------------------------
Address: 0000 Xxxxxxx Xxxxxxx, Xxxxx X
Xxxxxxxx, XX 00000
THE STOCKHOLDERS:
XXXXXX CITY PARTNERS
By: /s/ X.X. Xxxxx
---------------------------
Title: General Partner
-------------------------
Address: 000 Xxxxx Xxxx, Xxx. 000
Xxxxxx Xxxx, XX 00000
[SIGNATURE PAGE TO SECOND AMENDMENT TO THE AMENDED AND
RESTATED INVESTORS' RIGHTS AGREEMENT]
ONE LIBERTY FUND III, L.P.
By:/s/ X.X. Xxxxxxx
---------------------------
Title: General Partner
-------------------------
Address: 0 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
GILDE INTERNATIONAL, B.V.
By:/s/ X. X. Xxxxxxx
---------------------------
Title: General Partner
-------------------------
Address: 0 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
DOMAIN PARTNERS III, L.P.
By: One Xxxxxx Square Associates III, L.P.
By:/s/ Xxxxx X. Xxxxx
---------------------------
Title: General Partner
-------------------------
Address: Xxx Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
BIOTECHNOLOGY INVESTMENTS LIMITED
By: Old Court Limited
By:/s/ Xxxxx X. Xxxxx
---------------------------
Title: Attorney-in-Fact
-------------------------
Address: St. Julian's Court
St. Xxxxx Port
Guernsey, Channel Islands
[SIGNATURE PAGE TO SECOND AMENDMENT TO THE AMENDED AND
RESTATED INVESTORS' RIGHTS AGREEMENT]
D.P. III ASSOCIATES, L.P.
By: One Xxxxxx Square Associates III, L.P.
By:/s/ Xxxxx X. Xxxxx
---------------------------
Title: General Partner
-------------------------
Address: Xxx Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
SBIC PARTNERS, L.P.
By: Xxxxxxx Xxxxxxx & Xxxxx X.X.,
General Partner
By: Xxxxxxx Xxxxxxx & Xxxxx Venture Co.,
General Partner
By:/s/ Xxxxxxxx X. Xxxxxxx
---------------------------
Title: Co-President
-------------------------
By: SL-SBIC Partners, L.P.,
General Partner
By: FW-SBIC, Inc.,
General Partner
By:
---------------------------
Title:
-------------------------
Address: 000 Xxxx Xxxxxx, Xxxxx 0000
Xxxx Xxxxx, XX 00000
[SIGNATURE PAGE TO SECOND AMENDMENT TO THE AMENDED AND
RESTATED INVESTORS' RIGHTS AGREEMENT]
KOICHIRO HIRO
/s/ Xxxxxxxx Xxxx
--------------------------------
Address: c/o Oktas
000 Xxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
MEDTRONIC ASSET MANAGEMENT, INC.
---------------------------------
By:
------------------------------
Title:
---------------------------
Address: 0000 Xxxxxxx Xxxxxx XX
Xxxxxxxxxxx, XX 00000
HEARTPORT, INC., a Delaware corporation
/s/ Xxxxxx Xxxxxxx
---------------------------------
By: Xxxxxx Xxxxxxx
------------------------------
Title: CEO
---------------------------
Address: 000 Xxxxxxxxxx Xxxxx
Xxxxxxx Xxxx, XX 00000
WARRANT HOLDER:
SILICON VALLEY BANK
By:/s/ X. XxXxxx
------------------------------
Title: Senior Vice President
---------------------------
Address: 0000 Xxxxxxx Xxxxx, Xxxxx 000
Xxx Xxxxx, XX 00000
[SIGNATURE PAGE TO SECOND AMENDMENT TO THE AMENDED AND
RESTATED INVESTORS' RIGHTS AGREEMENT]
EXHIBIT A
SCHEDULE OF STOCKHOLDERS
Stockholders
------------
XXXXXX CITY PARTNERS
000 Xxxxx Xxxx, Xxx. 000
Xxxxxx Xxxx, XX 00000
Attention: Xx. X.X. Xxxxx
ONE LIBERTY FUND III
0 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
Attention: Xxx Xxxxxxx
GILDE INTERNATIONAL B.V.
0 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
Attention: Xxx Xxxxxxx
B. U. N. P.
c/o Community Technology Fund
Boston University Ventures
000 Xxx Xxxxx Xxxx
Xxxxxx, XX 00000
Attention: Xxxx X. Xxxxxxx, Xx.
DOMAIN PARTNERS III, L.P.
Xxx Xxxxxx Xxxxxx. Xxx. 000
Xxxxxxxxx. XX 00000
Attention: Xxxxx X. Xxxxx. Ph.D.
BIOTECHNOLOGY INVESTMENTS LIMITED
St. Julian's Court
St. Xxxxx Xxx
Guernsey. Channel Islands
with copy to:
c/o Domain Associates
Xxx Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxx. Ph.D.
A-1
DP III ASSOCIATES, L.P.
Xxx Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxx, Ph.D
SBIC PARTNERS. L.P.
000 Xxxx Xxxxxx, Xxxxx 0000
Xxxx Xxxxx, XX 00000
Attention: Xxxxxxxx Xxxxxxx
XXXXXXXX XXXX
c/o Oktas
000 Xxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
DELAWARE CHARTER GUARANTEE &
TRUST TTEE FBO XXXXX X. BRIEFS
0000 Xxxx Xxxx Xxxx 0-000
Xxxxx Xxxx, XX 00000
Attention: Xxxx Xxxxxxxx
with copy to:
c/o Oktas
000 Xxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
Attention: Xxxxx Briefs
PIONEER CAPITAL CORPORATION
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
ACCEL III, L.P.
0 Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
ACCEL JAPAN, L.P.
0 Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
ACCEL '91
0 Xxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx, XX 00000
A-2
OAK INVESTMENT PARTNERS V, L.P.
0 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
OAK V AFFILIATES FUND, L.P.
0 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
XXXXX X. XXXXXXX
0000 Xxxxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
XXXX XXXXXXXXX
00000 Xxx xxx Xxxx
Xxxxxx Xxxxx Xx, XX 00000
XXXX XXXXXX XXXXXXX TRUST U/A DTD 7-11-88
X.X. Xxx 0000
Xx Xxxxx, XX 00000
XXXXXX XXXXX, M.D.
0000 X. X. Xxxxxx Xxxx, Xxxxx 000
Xxxxxxxx, XX 00000
NATIONAL CITY BANK AS CUSTODIAN
CARDIAC SURGICAL FBO XX. XXXXXXX X.
XXXXXXXX, XX
000 Xxxxxxxx Xxxx, XXX-0
Xxxxxxxxxxx, XX 00000
GUARANTEE & TRUST CO., TRUSTEE
FBO XXXXXXX X. XXXXXXX, M.D.
P. O. Xxx 0000
Xxxxxx Xxxxx Xx, XX 00000
XXXXXXXX X. XXXXX, M.D.
0000 Xxxxxxxxx Xxx
Xxxxxx Xxxx, XX 00000
SELECTED MEDICAL ENTERPRISES
0000 Xxxx Xxx
Xxxxxx, XX 00000
A-3
PROMEDICA INTERNATIONAL, INC.
000 Xxxxxxx Xxxxxx Xxxxx, #000
Xxxxxxx Xxxxx, XX 00000
MEDTRONIC ASSET MANAGEMENT, INC.
0000 Xxxxxxx Xxxxxx XX
Xxxxxxxxxxx, XX 00000
HEARTPORT, INC.
000 Xxxxxxxxxx Xxxxx
Xxxxxxx Xxxx, XX 00000
A-4
