EXHIBIT 10.2
REGISTRATION RIGHTS AGREEMENT
December 18, 1997
To the several persons named
at the foot hereof
Ladies and Gentlemen:
As set forth below, this letter (i) provides for the registration
rights of Euclid Partners IV, L.P., Perseus Capital, LLC, Catalyst Investments
(Belgium) N.V., Xxxx Xxxxxxx, Xxxxxxx Brothers LLC, Xxxxxx X. Xxxxx and
Xxxxxxxxx X. Xxxxxxxx and Xxxx Xxxx-Xxxxxxxx (herein sometimes referred to
collectively as the "Investors") and (ii) provides to certain other persons
named at the foot hereof substantially all of the registration rights they
previously had been granted in Section 6 of a Shareholders' Agreement dated as
of June 13, 1997, as amended, by and between IntraLinks Inc., a Delaware
corporation (the "Company"), and such persons (referred to herein as the
"Original Stockholders"), which agreement is to be amended and restated to
remove such rights so that, for clarity of reference, they may be provided for
herein.
The ownership interests of the capital stock of the Company for each
of the several persons named at the foot hereof is as set forth in the attached
Exhibit A. In consideration of the agreement of such persons to accept the
provisions set forth herein, and in order (i) to induce the Investors to enter
into an agreement dated as of the date hereof with the Company with respect to
the acquisition concurrently herewith of Series B Preferred Stock, $.01 par
value, of the Company ("Series B Preferred Stock"), and (ii) to induce the
Original Stockholders to enter into the amended and restated shareholders'
agreement referred to above (the "Amended and Restated Shareholders'
Agreement"), the Company hereby covenants and agrees with each of you and with
each subsequent holder of Restricted Stock (as such term is defined herein) as
follows:
1. Certain Definitions. As used herein, the following terms shall
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have the following respective meanings:
"Commission" shall mean the Securities and Exchange Commission, or any
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other federal agency at the time administering the Securities Act.
"Common Stock" shall mean the Common Stock of the Company, $.01 par
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value, as constituted as of the date of this Agreement, subject to
adjustment pursuant to the provisions of Section 9 hereof.
"Exchange Act" shall mean the Securities Exchange Act of 1934 or any
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similar federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.
"Registration Expenses" shall mean the expenses so described in
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Section 8 hereof.
"Restricted Stock" shall mean any shares of capital stock (including
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any options) of the Company, the certificates for which are required to
bear the legend set forth in the Amended and Restated Shareholders'
Agreement.
"Securities Act" shall mean the Securities Act of 1933 or any similar
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federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.
"Selling Expenses" shall mean the expenses so described in Section 8
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hereof.
2. Required Registration.
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(a) At any time on or after the first anniversary of an initial public
offering of the Company, the Investors may request the Company to register under
the Securities Act all or any pro rata portion of the Restricted Stock held by
the Investors for sale in the manner specified in such notice; provided,
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however, that the only securities which the Company shall be required to
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register pursuant hereto shall be shares of Common Stock.
(b) Promptly following receipt of any notice under this Section 2(a),
the Company shall immediately notify all holders of Restricted Stock and shall
use its best efforts to register under the Securities Act, for public sale in
accordance with the method of disposition specified in the notice from the
Investors, the number of shares of Restricted Stock specified in such notice
(and in any notices received from other holders of Restricted Stock within 20
days after their receipt of such notice from the Company); provided, however,
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that if the proposed method of disposition specified by the Investors shall be
an underwritten public offering, the number of shares of Restricted Stock to be
included in such an offering will be reduced, pro rata (i) first among the
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Original Stockholders and (ii) then, and only if Restricted Stock of Original
Stockholders is no longer to be included in such offering, among the Investors,
based on the number of shares of Restricted Stock so requested to be registered,
if and to the extent that the managing underwriter shall be of the opinion that
such inclusion would adversely affect the marketing of the Restricted Stock to
be sold. If such method of disposition shall be an underwritten public
offering, the Company may designate the managing underwriter of such offering,
subject to the approval of the Investors, which approval shall not be
unreasonably withheld. The Company shall be obligated to register Restricted
Stock pursuant to this Section 2 on one occasion only.
(c) The Company shall be entitled to include in any registration
statement referred to in this Section 2, for sale in accordance with the method
of disposition specified by the requesting holders, shares of Common Stock to be
sold by the Company for its own account, except as and to the extent that, in
the opinion of the managing underwriter (if such method of disposition shall be
an underwritten public offering), such inclusion would adversely affect the
marketing of the Investor Restricted Stock to be sold. Except as provided in
this paragraph (c), the Company will not effect any other registration of its
Common Stock, whether for its own account or that of other holders, from the
date of receipt of a notice from requesting holders pursuant to this Section 2
until the completion of the period of distribution of the registration
contemplated thereby.
3. Form S-3 Registration.
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(a) At the time that the Company is qualified to use a Form S-3 for
registration for shares of its own stock or for
shares of its stockholders and if the Company shall receive from any holder or
holders of Restricted Stock a written request or requests that the Company
effect a registration on Form S-3 and any related qualification or compliance
with respect to Restricted Stock owned by such holder or holders, the Company
will:
(i) promptly give written notice of the proposed registration, and
any related qualification or compliance, to all other holders of Restricted
Stock; and
(ii) as soon as practicable, effect such registration (including,
without limitation, the execution of an undertaking to file post-effective
amendments, appropriate qualifications under applicable blue sky or other
state securities laws and appropriate compliance with applicable
regulations issued under the Securities Act and any other government
requirements or regulations) as may be so requested and as would permit or
facilitate the sale and distribution of all or such portion of such
holder's or holders' Restricted Stock as are specified in such request,
together with all or such portion of the Restricted Stock of any holder or
holders joining in such request as are specified in a written request given
within thirty (30) days after receipt of such written notice from the
Company, provided that the Company shall not be obligated to effect any
such registration, qualification or compliance pursuant to this Agreement
(A) more than once in any 270-day period, or (B) if the Company is not
entitled to use Form S-3 for registration for shares of its own stock or
for shares of its stockholders. Subject to the foregoing, the Company
shall file a registration statement covering the Restricted Stock so
requested to be registered as soon as practicable after receipt of the
request or requests of the holders of the Restricted Stock.
(b) Registrations effected pursuant to this Section 3 shall not be
counted as requests for registration effected pursuant to Section 2.
(c) Anything to the contrary in this Section 3 notwithstanding, a
registration shall not be effected pursuant to this Section 3 (i) for Restricted
Stock with an aggregate market value of less than $1,500,000, or (ii) once the
Restricted Stock otherwise may be sold to the public without restriction.
4. Incidental Registration. If the Company at any time (other than
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pursuant to Sections 2 and 3 hereof) proposes to register any of its Common
Stock under the Securities Act for sale to the public, whether for its own
account or for the account of other securityholders or both (except with respect
to registration statements on Form S-4 or S-8 or another form not available for
registering the Restricted Stock for sale to the public), it will give written
notice at such time to all holders of outstanding Restricted Stock of its
intention to do so. Upon the written request of any such holder, given within
30 days after receipt of any such notice by the Company, to register any of its
Restricted Stock (which request shall state the intended method of disposition
thereof), the Company will use its best efforts to cause the Restricted Stock as
to which registration shall have been so requested to be included in the
securities to be covered by the registration statement proposed to be filed by
the Company, all to the extent requisite to permit the sale or other disposition
by the holder (in accordance with its written request) of such Restricted Stock
so registered; provided that nothing herein shall prevent the Company from
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abandoning or delaying such registration at any time. In the event that any
registration pursuant to this Section 4 shall be, in whole or in part, an
underwritten public offering of Common Stock, any request by a holder pursuant
to this Section 4 to register Restricted Stock shall specify that either (i)
such Restricted Stock is to be included in the underwriting on the same terms
and conditions as the shares of Common Stock otherwise being sold through
underwriters under such registration or (ii) such Restricted Stock is to be sold
in the open market without any underwriting, on terms and conditions comparable
to those normally applicable to offerings of common stock in reasonably similar
circumstances. The number of shares of Restricted Stock to be included in such
an underwriting may be reduced (pro rata among the requesting holders of
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Restricted Stock based upon the number of shares of Restricted Stock so
requested to be registered) if and to the extent that the managing underwriter
shall be of the opinion that such inclusion would adversely affect the marketing
of the securities to be sold by the Company therein.
Notwithstanding anything to the contrary contained in this Section 4,
in the event that there is a firm commitment underwritten public offering of
securities of the Company pursuant to a registration covering Restricted Stock
and a holder of Restricted Stock does not elect to sell his Restricted Stock to
the underwriters of the Company's securities in connection with
such offering, such holder shall refrain from selling such Restricted Stock so
registered pursuant to this Section 4 during the period of distribution of the
Company's securities by such underwriters and the period of time in which the
underwriting syndicate participates in the after market; provided, however, that
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such holder shall, in any event, be entitled to sell its Restricted Stock
commencing on the 180th day after the effective date of such registration
statement.
5. Registration Procedures and Expenses. If and whenever the Company
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is required by the provisions of Sections 2, 3 and 4 hereof to use its best
efforts to effect the registration of any of the Restricted Stock under the
Securities Act, the Company will, as expeditiously as possible:
(a) prepare (and afford counsel for the selling holders reasonable
opportunity to review and comment thereon) and file with the Commission a
registration statement (which, in the case of an underwritten public
offering pursuant to Section 2 hereof, shall be on a form of general
applicability satisfactory to the managing underwriter selected as therein
provided) with respect to such securities and use its best efforts to cause
such registration statement to become and remain effective for the period
of the distribution contemplated thereby (determined as hereinafter
provided);
(b) prepare (and afford counsel for the selling holders reasonable
opportunity to review and comment thereon) and file with the Commission
such amendments and supplements to such registration statement and the
prospectus used in connection therewith as may be necessary to keep such
registration statement effective for the period specified in paragraph (a)
above and as comply with the provisions of the Securities Act with respect
to the disposition of all Restricted Stock covered by such registration
statement in accordance with the sellers' intended method of disposition
set forth in such registration statement for such period;
(c) furnish to each seller and to each underwriter such number of
copies of the registration statement and the prospectus included therein
(including each preliminary prospectus) as such persons may reasonably
request in order to facilitate the public sale or other disposition of the
Restricted Stock covered by such registration statement;
(d) use its best efforts to register or qualify the Restricted Stock
covered by such registration statement under the securities or blue sky
laws of such jurisdictions as the sellers of Restricted Stock or, in the
case of an underwritten public offering, the managing underwriter, shall
reasonably request (provided that the Company will not be required to (i)
qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this paragraph (d), (ii) subject
itself to taxation in any such jurisdiction or (iii) consent to general
service of process in any jurisdiction);
(e) immediately notify each seller under such registration statement
and each underwriter, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of the happening of any
event as a result of which the prospectus contained in such registration
statement, as then in effect, includes an untrue statement of a material
fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the
circumstances then existing;
(f) use its best efforts (if the offering is under-written) to
furnish, at the request of any underwriter, on the date that Restricted
Stock is delivered to the underwriters for sale pursuant to such
registration: (i) an opinion dated such date of counsel representing the
Company for the purposes of such registration, addressed to the
underwriters, stating that such registration statement has become effective
under the Securities Act and that (A) to the best knowledge of such
counsel, no stop order suspending the effectiveness thereof has been issued
and no proceedings for that purpose have been instituted or are pending or
contemplated under the Securities Act, (B) the registration statement, the
related prospectus, and each amendment or supplement thereof, comply as to
form in all material respects with the requirements of the Securities Act
and the applicable rules and regulations of the Commission thereunder
(except that such counsel need express no opinion as to financial
statements, the notes thereto, and the financial schedules and other
financial and statistical data contained therein) and (C) to such other
effects as may reasonably be requested by counsel for the underwriters or
by such seller or its counsel, and (ii) a letter dated such date from the
independent public accountants retained by the Company, addressed to the
underwriters, stating that they are independent public accountants within
the meaning of the Securities Act and that, in the opinion of such
accountants, the financial statements of the Company included in the
registration statement or the prospectus, or any amendment or supplement
thereof, comply as to form in all material respects with the applicable
accounting requirements of the Securities Act, and such letter shall
additionally cover such other financial matters (including information as
to the period ending no more than five business days prior to the date of
such letter) with respect to the registration in respect of which such
letter is being given as such underwriters or seller may reasonably
request; and
(g) during normal business hours and with reasonable notice, make
available for inspection by each seller, any underwriter participating in
any distribution pursuant to such registration statement, and any attorney,
accountant or other agent retained by such seller or underwriter, all
financial and other records, pertinent corporate documents and properties
of the Company, and cause the Company's officers, directors and employees
to supply all information reasonably requested by any such seller,
underwriter, attorney, accountant or agent in connection with such
registration statement and permit such seller, attorney, accountant or
agent to participate in the preparation of such registration statement.
For purposes of paragraphs (a) and (b) above and of Section 2(c) hereof, the
period of distribution of Restricted Stock in a firm commitment underwritten
public offering shall be deemed to extend until each underwriter has completed
the distribution of all securities purchased by it, and the period of
distribution of Restricted Stock in any other registration shall be deemed to
extend until the earlier of the sale of all Restricted Stock covered thereby or
six months after the effective date thereof.
In connection with each registration hereunder, the selling holders of
Restricted Stock will furnish to the Company in writing such information with
respect to themselves and the proposed distribution by them as shall be
reasonably necessary in order to assure compliance with federal and applicable
state securities laws.
In connection with each registration pursuant to Sections 2, 3 and 4
hereof covering an underwritten public offering, the Company agrees to enter
into a written agreement with the managing underwriter selected in the manner
herein provided in such form and containing such provisions as are customary in
the securities business for such an arrangement between major underwriters and
companies of the Company's size and investment stature, provided, however, that
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such agreement shall not contain any such provision applicable to the Company
which is inconsistent with the provisions hereof and provided, further, however,
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that the time and place of the closing under said agreement shall be as mutually
agreed upon among the Company and such managing underwriter.
6. Expenses. All expenses incurred by the Company in complying with
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Sections 2, 3 and 4 hereof, including, without limitation, all registration and
filing fees, printing expenses, fees and disbursements of counsel and
independent public accountants for the Company, fees of the National Association
of Securities Dealers, Inc., transfer taxes, fees of transfer agents and
registrars and fees, but excluding any Selling Expenses and expenses of counsel
for the sellers of Restricted Stock, are herein called "Registration Expenses".
All underwriting discounts and selling commissions applicable to the sale of
Restricted Stock are herein called "Selling Expenses".
The Company will pay all Registration Expenses in connection with each
registration statement filed pursuant to Sections 2, 3 and 4 hereof.
7. Indemnification. In the event of a registration of any of the
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Restricted Stock under the Securities Act pursuant to Sections 2, 3 or 4 hereof,
the Company will indemnify and hold harmless each seller of such Restricted
Stock thereunder and each underwriter of Restricted Stock thereunder and each
other person, if any, who controls such seller or underwriter within the meaning
of the Securities Act, against any losses, claims, damages or liabilities, joint
or several, to which such seller or underwriter or controlling person may become
subject under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in any registration statement under which such Restricted Stock was
registered under
the Securities Act pursuant to Sections 2, 3 or 4, any preliminary prospectus or
final prospectus contained therein, or any amendment or supplement thereof, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein not misleading, and will reimburse each such seller, each
such underwriter and each such controlling person for any legal or other
expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action; provided, however,
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that the Company will not be liable in any such case if and to the extent that
any such loss, claim, damage or liability arises out of or is based upon an
untrue statement or alleged untrue statement or omission or alleged omission so
made in conformity with information furnished by such seller, such underwriter
or such controlling person in writing specifically for use in such registration
statement or prospectus.
In the event of a registration of any of the Restricted Stock under
the Securities Act pursuant to Sections 2, 3 or 4 hereof, each seller of such
Restricted Stock thereunder, severally and not jointly, will indemnify and hold
harmless the Company and each person, if any, who controls the Company within
the meaning of the Securities Act, each officer of the Company who signs the
registration statement, each director of the Company, each underwriter and each
person who controls any underwriter within the meaning of the Securities Act,
against all losses, claims, damages or liabilities, joint or several, to which
the Company or such officer or director or underwriter or controlling person may
become subject under the Securities Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of any material
fact contained in the registration statement under which such Restricted Stock
was registered under the Securities Act pursuant to Sections 2, 3 or 4, any
preliminary prospectus or final prospectus contained therein, or any amendment
or supplement thereof, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse the
Company and each such officer, director, underwriter and controlling person for
any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action;
provided, however, that such seller will be liable
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hereunder in any such case if and only to the extent that any such loss, claim,
damage or liability arises out of or is based upon an untrue statement or
alleged untrue statement or omission or alleged omission made in reliance upon
and in conformity with information pertaining to such seller, as such, furnished
in writing to the Company by such seller specifically for use in such
registration statement or prospectus; provided, further, however, that the
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liability of each seller hereunder shall be limited to the proportion of any
such loss, claim, damage, liability or expense which is equal to the proportion
that the public offering price of shares sold by such seller under such
registration statement bears to the total public offering price of all
securities sold thereunder, but not to exceed the proceeds (net of underwriting
discounts and commissions) received by such seller from the sale of Restricted
Stock covered by such registration statement.
Promptly after receipt by an indemnified party hereunder of notice of
the commencement of any action, such indemnified party shall, if a claim in
respect thereof is to be made against the indemnifying party hereunder, notify
the indemnifying party in writing thereof, but the omission so to notify the
indemnifying party shall not relieve it from any liability which it may have to
any indemnified party other than under this Section 8. In case any such action
shall be brought against any indemnified party and it shall notify the
indemnifying party of the commencement thereof, the indemnifying party shall be
entitled to participate in and, to the extent it shall wish, to assume and
undertake the defense thereof with counsel satisfactory to such indemnified
party, and, after notice from the indemnifying party to such indemnified party
of its election so to assume and undertake the defense thereof, the indemnifying
party shall not be liable to such indemnified party under this Section 8 for any
legal expenses subsequently incurred by such indemnified party in connection
with the defense thereof other than reasonable costs of investigation and of
liaison with counsel so selected; provided, however, that, if the defendants in
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any such action include both the indemnified party and the indemnifying party
and the indemnified party shall have reasonably concluded that there may be
reasonable defenses available to it which are different from or additional to
those available to the indemnifying party, or if the interests of the
indemnified party reasonably may be deemed to conflict with the interests of the
indemnifying party, the indemnified party shall have the right to select a
separate counsel and to assume such legal defenses and
otherwise to participate in the defense of such action, with the expenses and
fees of such separate counsel and other expenses related to such participation
to be reimbursed by the indemnifying party as incurred.
Notwithstanding the foregoing, any indemnified party shall have the
right to retain its own counsel in any such action, but the fees and
disbursements of such counsel shall be at the expense of such indemnified party
unless (i) the indemnifying party shall have failed to retain counsel for the
indemnified person as aforesaid or (ii) the indemnifying party and such
indemnified party shall have mutually agreed to the retention of such counsel.
It is understood that the indemnifying party shall not, in connection with any
action or related actions in the same jurisdiction, be liable for the fees and
disbursements of more than one separate firm qualified in such jurisdiction to
act as counsel for the indemnified party. 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.
If the indemnification provided for in the first two paragraphs of
this Section 7 is unavailable or insufficient to hold harmless an indemnified
party under such paragraphs in respect of any losses, claims, damages or
liabilities or actions in respect thereof referred to therein, then each
indemnifying party shall in lieu of indemnifying such indemnified party
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages, liabilities or actions in such proportion as
appropriate to reflect the relative fault of the Company, on the one hand, and
the underwriters and the sellers of such Restricted Stock, on the other, in
connection with the statements or omissions which resulted in such losses,
claims, damages, liabilities or actions as well as any other relevant equitable
considerations, including the failure to give any notice under the third
paragraph of this Section 7. The relative fault shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact relates to information supplied by the Company, on the one
hand, or the underwriters and the sellers of such Restricted Stock, on the
other, and to the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The Company and
each of you agree that it would not be just and equitable if contributions
pursuant to this paragraph were determined by pro rata allocation (even if all
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of the sellers of such Restricted Stock were treated as one entity for such
purpose) or by any other method of allocation which did not take account of the
equitable considerations referred to above in this paragraph. The amount paid
or payable by an indemnified party as a result of the losses, claims, damages,
liabilities or action in respect thereof, referred to above in this paragraph,
shall be deemed to include 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 paragraph, the sellers
of such Restricted Stock shall not be required to contribute any amount in
excess of the amount, if any, by which the total price at which the Common Stock
sold by each of them was offered to the public exceeds the amount of any damages
which they would have otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission. No person guilty of fraudulent
misrepresentations (within the meaning of Section 11(f) of the Securities Act),
shall be entitled to contribution from any person who is not guilty of such
fraudulent misrepresentation.
The indemnification of underwriters provided for in this Section 7
shall be on such other terms and conditions as are at the time customary and
reasonably required by such underwriters. In that event the indemnification of
the sellers of Restricted Stock in such underwriting shall at the sellers'
request be modified to conform to such terms and conditions.
8. Changes in Common Stock. If, and as often as, there are any
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changes in the Common Stock by way of stock split, stock dividend, combination
or reclassification, or through merger, consolidation, reorganization or
recapitalization, or by any other means, appropriate adjustment shall be made in
the provisions hereof, as may be required, so that the rights and privileges
granted hereby shall continue with respect to the Common Stock as so changed.
9. Representations and Warranties of the Company. The Company
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represents and warrants to you as follows:
(a) The execution, delivery and performance of this Agreement by the
Company have been duly authorized by all requisite corporate action and
will not violate any provis-
ion of law, any order of any court or other agency of government, the
Certificate of Incorporation or By-laws of the Company, or any provision of
any indenture, agreement or other instrument to which it or any of its
properties or assets is bound, or conflict with, result in a breach of or
constitute (with due notice or lapse of time or both) a default under any
such indenture, agreement or other instrument, or result in the creation or
imposition of any lien, charge or encumbrance of any nature whatsoever upon
any of the properties or assets of the Company.
(b) This Agreement has been duly executed and delivered by the
Company and constitutes the legal, valid and binding obligation of the
Company, enforceable in accordance with its terms, subject to
considerations of public policy in the case of the indemnification
provisions hereof.
10. Rule 144 Reporting. The Company agrees with you as follows:
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(a) The Company shall make and keep public information available, as
those terms are understood and defined in Rule 144 under the Securities
Act, at all times from and after the date it is first required to do so.
(b) The Company shall file with the Commission in a timely manner all
reports and other documents as the Commission may prescribe under Section
13(a) or 15(d) of the Exchange Act at any time after the Company has become
subject to such reporting requirements of the Exchange Act.
(c) The Company shall furnish to such holder of Restricted Stock
forthwith upon request (i) a written statement by the Company as to its
compliance with the reporting requirements of Rule 144 (at any time from
and after the date it first becomes subject to such reporting require-
ments, and of the Securities Act and the Exchange Act (at any time after it
has become subject to such reporting requirements), (ii) a copy of the most
recent annual or quarterly report of the Company, and (iii) such other
reports and documents so filed as a holder may reasonably request to avail
itself of any rule or regulation of the Commission allowing a holder of
Restricted Stock to sell any such securities without registration.
11. Miscellaneous.
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(a) All covenants and agreements contained in this Agreement by or on
behalf of any of the parties hereto shall bind and inure to the benefit of
the respective successors and assigns of the parties hereto whether so
expressed or not. Without limiting the generality of the foregoing, the
registration rights conferred herein on the holders of Restricted Stock
shall inure to the benefit of any and all subsequent holders from time to
time of the Restricted Stock.
(b) All notices, requests, consents and other communications
hereunder shall be in writing and shall be mailed by first class registered
mail, postage prepaid, addressed as follows:
if to the Company, to it at 0000 Xxxxxxxx, 00X, Xxx Xxxx, Xxx Xxxx
00000, Attn: Xxxx X. Xxxxx, President;
if to any of the persons named at the foot hereof, to him or it at his
or its address listed in the Company's records;
if to any subsequent holder of Restricted Stock, to it at such address
as may have been furnished to the Company in writing by such holder;
or, in any case, at such other address or addresses as shall have been
furnished in writing to the Company (in the case of a holder of Restricted
Stock) or to the holders of Restricted Stock (in the case of the Company).
(c) This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without giving effect to the
principles of conflict of laws thereof.
(d) This Agreement constitutes the entire agreement of the parties
with respect to the subject matter hereof and may not be modified or
amended except in writing signed by the Company and (i) the holders of not
less than a majority in interest of the holders of Restricted Stock then
outstanding and (ii) a majority in interest of the holders of Series B
Preferred Stock; provided that any such amendment
does not adversely effect the rights of any of the holders of Series B
Preferred Stock.
(e) This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
Please indicate your acceptance of the foregoing by signing and
returning the enclosed counterpart of this letter, whereupon this letter (herein
sometimes called "this Agreement") shall be a binding agreement between the
Company and you.
Very truly yours,
INTRALINKS INC.
By____________________________
Name:
Title:
AGREED TO AND ACCEPTED
as of the date first
above written.
EUCLID PARTNERS IV, L.P.
By Euclid Associates IV, L.P.,
General Partner
By____________________________
General Partner
PERSEUS CAPITAL, LLC
By____________________________
Name:
Title:
CATALYST INVESTMENTS (BELGIUM) N.V.
By____________________________
Name:
Title:
______________________________
Xxxxx Xxxxx-Xxxxx
XXXXXX XXXXX-XXXXX TRUST
By____________________________
Name:
Title:
______________________________
Xxxxxx X. Xxxxx
______________________________
Xxxx X. Xxxxxxx
XXXXX XXXX XXXXXXX TRUST
By____________________________
Name:
Title:
XXXX XXXX XXXXXXX TRUST
By____________________________
Name:
Title:
XXXX XXXXX XXXXXXX TRUST
By____________________________
Name:
Title:
______________________________
Xxxxxxxxx Xxxxxxxx
______________________________
Xxxx Xxxxxxxx
______________________________
Xxxxxx X. Xxxxx
______________________________
Xxxxxx X. Xxxxxxx
______________________________
Xxxxx X. Xxxxxxx
______________________________
Xxxx Xxxxxxx
XXXXXXX FAMILY TRUST
By____________________________
Name:
Title:
XXXXXXX BROTHERS LLC
By____________________________
Name:
Title:
______________________________
Xxxxxxx X. Xxxx, Xx.
XXXXXXX X. XXXX, XX. FAMILY TRUST
By____________________________
Name:
Title:
______________________________
Xxxxxx Xxxxxx
______________________________
Xxxxxx Xxxxxx
INCLUSIVE VENTURES LLC
By____________________________
Name:
Title:
GREENWICH VENTURES LP
By____________________________
Name:
Title:
VANTAGE VENTURES CV
By____________________________
Name:
Title:
LANDWELL FINANCIAL SERVICES, INC.
By____________________________
Name:
Title:
______________________________
Xxxxxx X. Xxxxxx
Exhibit A
Capitalization of IntraLinks Inc.
--------------------------------
I. Original Stockholders
---------------------
No. of Shares No. of
No. of Shares of Series A Options/
Name/Type of Common Stock Preferred Stock Warrants
--------- --------------- --------------- --------
Management Shareholders
-----------------------
Xxxxx Xxxxx-Xxxxx 293,350 0 0
Xxxxxx Xxxxx-Xxxxx
Trust 14,650 0 0
Xxxx X. Xxxxxxx 293,000 0 0
Xxxxx Xxxx Xxxxxxx
Trust 5,000 0 0
Xxxx Xxxx Xxxxxxx Trust 5,000 0 0
Xxxx Xxxxx Xxxxxxx
Trust 5,000 0 0
Xxxxxx X. Xxxxxxx 190,097 45,000 0
Xxxxxxx X. Xxxx, Xx. 150,000 0 0
Xxxxxxx X. Xxxx, Xx.
Family Trust 5,250 15,000 0
Non-Management Shareholders
---------------------------
Xxxxxx Xxxxxx 84,500 0 0
Xxxxxx Xxxxxx 0 15,000 2,250
Inclusive Ventures, LLC 0 22,500 0
Greenwich Ventures L.P. 0 55,916 0
Vantage Ventures CV 0 19,084 0
Landwell Financial
Services, Inc. 30,000 0 15,000
Xxxxxx X. Xxxxx 31,500 60,000 2,250
Xxxxxxxxx and Xxxx
Xxxxxxxx 0 30,000 0
Xxxxxx X. Xxxxx 0 30,000 0
Xxxxx X. Xxxxxxx 0 45,000 0
Xxxx Xxxxxxx 0 45,000 62,500
Xxxxxxx Family Trust 14,650 0 0
Xxxxxxx Brothers LLC 50,000 0 0
Xxxxxx X. Xxxxxx 3,003 0 0
--------- ------- ------
TOTAL: 1,175,000 382,500 82,000
In addition, as a result of the conversion of certain promissory notes issued by
the Company, each of Xxxxxx X. Xxxxx, Xxxxxx Xxxxxx and Xxxx Xxxxxxx own 7,692,
7,692 and 76,923 shares, respectively, of Series B Preferred Stock (total =
92,307 shares), and 1,923, 1,923 and 19,231 warrants, respectively (total =
23,076 warrants).
II. Investors
---------
No. of Shares of
No. of Series B
Investor Warrants Preferred Stock
-------- -------- ---------------
---------------------------------------------------------------------------
Euclid Partners IV, L.P. 76,923 307,692
Perseus Capital, LLC 57,692 230,770
Catalyst Investment (Belgium) 19,231 76,923
N.V.
Xxxx Xxxxxxx 7,692 30,769
Xxxxxxx Brothers LLC 5,769 23,077
Xxxxxx X. Xxxxx 1,538 6,154
Xxxxxxxxx X. Xxxxxxxx and
Xxxx Xxxx-Xxxxxxxx 384 1,538
------- -------
Total 169,229 676,923
======= =======
