AMENDMENT TO AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
AMENDMENT
TO
AMENDED
AND RESTATED INVESTOR RIGHTS AGREEMENT
AMENDMENT
TO AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT (this
“Amendment”),
dated
as of May 1, 2007, by and among EyeTel Imaging, Inc., a Delaware corporation
(the “Company”),
and
each of the other persons and entities listed on the signature pages hereto,
amending
that certain Amended and Restated Investor Rights Agreement, dated as of January
14, 2004, as amended on February 8, 2006 (the “Investor
Rights Agreement”),
by
and among the Company and each of the persons and entities listed on the
signature pages thereto. Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed
to
such terms in the
Investor
Rights Agreement.
WHEREAS,
in
connection with a proposed initial public offering of Common Stock of the
Company, the parties hereto desire to amend the Investor
Rights
Agreement as set forth below;
WHEREAS,
the
Investor
Rights
Agreement may be amended (so long as it creates no additional obligations for,
and does not diminish the rights of, the Common Stockholders) with the written
consent of the Company and Investors holding a majority of the outstanding
Registrable Securities; and
WHEREAS,
the
persons and entities listed on the signature pages hereto constitute Investors
holding a majority of the outstanding Registrable Securities.
NOW,
THEREFORE,
in
consideration of the premises and mutual covenants contained herein, the parties
hereto hereby agree as follows:
1.
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Definition
of “Qualified Public Offering.”
The definition of “Qualified Public Offering” set forth in Section 1.15 of
the Investor
Rights
Agreement is hereby amended and restated to read in its entirety
as
follows:
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“Qualified
Public Offering” means an underwritten public offering of shares of Common Stock
in which the aggregate gross proceeds to the Company equal or exceed $15 million
and after which the Common Stock is listed on the New York Stock Exchange,
the
Nasdaq Global Market or the American Stock Exchange.
2.
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Ratification;
References.
Except as otherwise modified by this Amendment, the provisions of
the
Investor
Rights
Agreement shall continue to be and remain in full force and effect,
and
any reference thereto shall hereafter mean the Investor
Rights
Agreement, as amended hereby.
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3.
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Counterparts.
This Amendment may be executed in one or more counterparts (including
by
facsimile). Each such counterpart shall be deemed an original, and
all of
such counterparts together shall be one
instrument.
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4.
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[SIGNATURE
PAGES FOLLOW]
IN
WITNESS WHEREOF,
the
parties hereto have caused this Amendment to Amended and Restated Investor
Rights
Agreement to be executed as of the date first set forth above.
EYETEL
IMAGING, INC.
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By: | /s/ Xxxx X. Xxxxxxxxx | |
Print Name: Xxxx X. Xxxxxxxxx |
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Title: President and Chief Executive Officer |
XXXX
CAPITAL VENTURE FUND 2001, LP
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By: | Xxxx Capital Venture Partners, LP, its | |
General Partner | ||
By: | Xxxx Capital Venture Investors, LLC, | |
its General Partner | ||
By: | /s/ Xxxxx X. Xxxxxxx | |
Name: Xxxxx X. Xxxxxxx |
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Title: Managing Director |
BROOKSIDE
CAPITAL PARTNERS FUND, L.P.
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By: | Brookside Capital Investors, L.P., its | |
General Partner | ||
By: | Brookside Capital Management, LLC, | |
its General Partner | ||
By: | /s/ Xxxxxxx Xxxxxxxxxx | |
Name: Xxxxxxx Xxxxxxxxxx |
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Title: Managing Director |
BCIP
ASSOCIATES III,
LLC
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By: | BCIP Associates III, its | |
sole member and manager | ||
By: | Xxxx Capital Investors, LLC, | |
their Managing Partner | ||
By: | /s/ Xxxxx X. Xxxxxxx | |
Name: Xxxxx X. Xxxxxxx |
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Title: Managing Director |
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RGIP, LLC | ||
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By: | /s/ Xxxxxx X. Xxxx | |
Name: Xxxxxx X. Xxxx |
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Title: Managing Member |
RADIUS VENTURE PARTNERS II, LP | ||
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By: | Radius Venture Partners II, LLC, its | |
General Partner | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: Xxxxxx X. Xxxxx |
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Title: Managing Member |