EXHIBIT 10.24
AMENDMENT TO
EVOKE COMMUNICATIONS, B.V. SHAREHOLDERS AGREEMENT
THIS AMENDMENT (this "Amendment") is effective as of October 1, 2000 (the
"Effective Date"), by and between Evoke Communications, Inc., a Delaware
corporation with its principal office located at 0000 Xxxxxxx Xxxxx, Xxxxxxxxxx,
XX 00000 ("Evoke"), and @viso Limited, a company incorporated under the laws of
England and Wales ("@viso").
1. Recitals.
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A. Evoke and @viso desire to amend the Shareholders Agreement dated as of
June 9, 2000 (the "Agreement") between the parties hereto to associate
themselves as shareholders (the Shareholders") of Evoke Communications B.V., a
Netherlands corporation (the "Company") to launch and produce Internet
communication services in the specified territory.
B. The Company and its Shareholders acknowledge that @Viso is granted
under this agreement both protective rights as well as participatory rights in
managing the Company.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and intending to be legally bound,
the parties agree as follows:
2. Amendment to "4. Management, (d) and (e)"
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Article 4, Sections (d) and (e) shall be deleted and replaced in their entirety
as follows:
4. Management
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(d) Strategic corporate actions that are outside the ordinary course
of business and certain other actions specified below, except for actions taken
in connection with the rights granted pursuant to the License Agreement and the
attachments thereto, may be taken by the Board only upon authorization by a
majority vote of the directors that includes at least one director designated by
@viso. These include:
(i) any acquisition or capital expenditure that involves an amount
exceeding 10% of the assets of the Company;
(ii) any sale, lease or other disposition of assets that involves an
amount exceeding 5% of the assets of the Company;
(iii) the incurrence, guarantee or otherwise becoming liable with
respect to any indebtedness for borrowed money in an amount exceeding 10%
of the assets of the Company;
(iv) the execution of any strategic contract, or the incurrence of
any obligation, with a commitment of an amount exceeding 10% of the assets
of the Company;
(v) the issuance or sale of any Common Shares (including the IPO of
the Company) to new Shareholders other than the 1,000,000 Common Shares
referred to in Section 1(b), as well as of any other securities and the
terms thereof, other than as required by Section 8(c);
(vi) any call for additional capital pursuant to Section 5 below;
(vii) any declaration or payment of any dividend or other
distribution, direct or indirect, on account of any Shares or any
redemption, retirement, purchase or other acquisition, direct or indirect,
by the Company of any Shares;
(viii) any services contract or business arrangement with a
Shareholder;
(ix) the adoption of any stock option or award plan for employees,
directors or consultants; and
(x) engaging in any business other than as contemplated by Section
2 above and activities incidental thereto, either directly or through any
corporation or other entity in which the Company has, directly or
indirectly, an equity interest.
(e) The following corporate actions may be taken by the Shareholders
only upon authorization by a majority vote that includes Shares held by both
Evoke and @viso, for so long as Evoke and @viso owns, directly or indirectly, at
least 10% of the equity securities of the Company, respectively:
(i) any increase or decrease in the total number of authorized
directors comprising the Board;
(ii) any amendment, alteration or repeal of any provision of the
Articles of Association; and
(iii) any merger or consolidation, whether or not the Company is the
surviving corporation; any sale, lease, exchange or other disposition of
all or substantially all of the assets of the Company; or the liquidation
of the Company (whether voluntary or otherwise) or the revocation of any
such step; and
(iv) the approval of the annual business plan and budget.
3. General.
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A. Except as expressly provided herein, all other terms and conditions of
the Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
by their duly authorized representatives as of the Effective Date.
EVOKE COMMUNICATIONS, INC.
By: /s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
President and CEO
@VISO LIMITED.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Director
AGREE AND ACKNOWLEDGE
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EVOKE COMMUNICATIONS, B.V.
By: /s/ Xxxxxxx Xxxx
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Xxxxxxx Xxxx
CEO
