AMENDMENT NO. 5 TO STOCKHOLDERS AGREEMENT
Exhibit 99.1
AMENDMENT NO. 5 TO STOCKHOLDERS AGREEMENT
THIS AMENDMENT NO. 5 TO STOCKHOLDERS AGREEMENT is entered into effective this 13th day of
February, 2009 (this “Amendment No. 5”), by and among Cardiovascular Systems, Inc., a Minnesota
Corporation (the “Company”) and the Holders and Investors signatory hereto.
RECITALS
WHEREAS, this Amendment No. 5 amends the Stockholders Agreement, dated July 19, 2006 (the
"Stockholders Agreement”), by and between the Company and the “Holders,” “Investors,” and “Section
5 Holders” set forth on Schedule I thereto, as amended by that certain Amendment No. 1 to
Stockholders Agreement, dated October 3, 2006, by and between the Company, ITX International Equity
Corp. and the Holders and Investors signatory thereto; that certain Amendment No. 2 to Stockholders
Agreement, dated September 19, 2007, by and between the Company, the Series A-1 Convertible
Preferred Stockholders and the Holders and Investors signatory thereto; that certain Amendment No.
3 to Stockholders Agreement, dated December 17, 2007, by and between the Company, the Series B
Convertible Preferred Stockholders and the Holders and Investors signatory thereto; and that
certain Amendment No. 4 to Stockholders Agreement, dated September 12, 2008, by and between the
Company, Silicon Valley Bank and the Holders and Investors signatory thereto;
WHEREAS, the Company filed a Form 10 registration statement with the U.S. Securities Exchange
Commission (“SEC”) on October 28, 2008 and such registration statement became effective on December
29, 2008;
WHEREAS, upon the effectiveness of the registration statement, the Company became subject to
the SEC periodic reporting requirements and has a class of equity securities registered under
Section 12 of the Securities Exchange Act of 1934, as amended;
WHEREAS the existence of the Stockholders Agreement triggers certain SEC reporting
requirements on behalf of the parties thereto and the parties hereto wish to facilitate the making
of any such reports;
WHEREAS, Holders executing this Amendment No. 5 hold a majority of the Shares subject to the
Stockholders Agreement; and
WHEREAS, Investors executing this Amendment No. 5 hold a majority in interest of the shares of
Common Stock issued or issuable to the Investors.
NOW THEREFORE, in consideration of the mutual covenants and agreements contained in this
Amendment No. 5, the sufficiency of which is hereby acknowledged, the parties hereto agree as set
forth below:
1
1. | Capitalized terms not defined herein shall have the meanings ascribed to them in the Stockholders Agreement. |
2. The following is added as Section 24 to the Stockholders Agreement:
“Investors’ Representatives. Xxxxx X. Xxxxxx and Xxxxxxxx X. Xxxxxxxxx,
acting together or individually, are hereby appointed the representatives of the
Investors and Holders, with full power to execute and file with the SEC and any
stock exchange or similar authority, for and on behalf of the Investors and Holders
in any and all capacities, any and all reports required to be filed under Section 13
of the Securities Exchange Act of 1934, as amended, and the rules and regulations
thereunder by such Investors and Holders as a group as a consequence of their being
parties to the Stockholders Agreement, including, without limitation, reports on
Schedule 13D or Schedule 13G, and any and all amendments to such reports, with all
exhibits and any other forms or documents as may be necessary in connection with the
filing of such reports with the SEC and any stock exchange or similar authority,
granting unto said representatives full power and authority to do and perform any
and all acts for and on behalf of the Investors and Holders which may be necessary
or desirable to complete, as fully as the Investors and Holders might or could do in
person. This appointment shall expire automatically upon the closing of the
Company’s merger with Responder Merger Sub, Inc., a wholly-owned subsidiary of
Replidyne, Inc. The representatives shall provide Maverick a reasonable opportunity
to review and comment upon such Schedule 13D or Schedule 13G and each amendment
thereto prior to filing.”
3. | This Amendment No. 5 may be executed in any number of original or facsimile counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. Any counterpart or other signature to this Amendment No. 5 that is delivered by facsimile shall be deemed for all purposes as constituting good and valid execution and delivery by such party of this Amendment No. 5. |
4. | Except as set forth herein, all other terms and conditions of the Stockholders Agreement remain the same. |
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
2
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
COMPANY CARDIOVASCULAR SYSTEMS, INC. |
||||
By: | /s/ Xxxxxxxx Xxxxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxxxx | |||
Title: | Chief Financial Officer | |||
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
HOLDERS | ||||||
/s/ Xxxx X. Xxxxxxxx | ||||||
Xxxx X. Xxxxxxxx | ||||||
/s/ Xxxxxxx X. Xxxxxx | ||||||
Xxxxxxx X. Xxxxxx | ||||||
GDN HOLDINGS, LLC | ||||||
By: | /s/ Xxxx X. Xxxxxx | |||||
Name: Xxxx X. Xxxxxx | ||||||
Title: Member | ||||||
XXXXXXXX X. XXXXXXXX REV TRUST DTD 1/8/97, AS AMENDED | ||||||
By: | /s/ Xxxxxxxx X. Xxxxxxxx | |||||
Name: Xxxxxxxx X. Xxxxxxxx | ||||||
Title: Trustee | ||||||
/s/ Xxxxxxxx X. Xxxxxxxx | ||||||
Xxxxxxxx X. Xxxxxxxx | ||||||
/s/ Xxxxx X. Xxxx | ||||||
Xxxxx X. Xxxx, Ph. D. |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
INVESTORS | ||||||
EASTON XXXX CAPITAL PARTNERS, L.P. | ||||||
By: | EHC GP, L.P. its General Partner | |||||
By: | EHC GP, Inc., its General Partner | |||||
By: | /s/ Xxxxxxx X. Xxxxxxxxx | |||||
Name: Xxxxxxx X. Xxxxxxxxx | ||||||
Title: Vice President & Secretary | ||||||
EASTON CAPITAL PARTNERS, LP | ||||||
By: | ECP GP, LLC | |||||
By: | ECP GP, Inc., its Manager | |||||
By: | /s/ Xxxxxxx X. Xxxxxxxxx | |||||
Name: Xxxxxxx X. Xxxxxxxxx | ||||||
Title: Vice President & Secretary |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
INVESTORS | ||||||
MAVERICK FUND, L.D.C. | ||||||
By: | Maverick Capital, Ltd. | |||||
Its Investment Advisor | ||||||
By: | /s/ Xxxx X. XxXxxxxxxx | |||||
Name: Xxxx X. XxXxxxxxxx | ||||||
Title: Limited Partner and General Counsel | ||||||
MAVERICK FUND USA, LTD. | ||||||
By: | Maverick Capital, Ltd. | |||||
Its Investment Advisor | ||||||
By: | /s/ Xxxx X. XxXxxxxxxx | |||||
Name: Xxxx X. XxXxxxxxxx | ||||||
Title: Limited Partner and General Counsel | ||||||
MAVERICK FUND II, LTD. | ||||||
By: | Maverick Capital, Ltd. | |||||
Its Investment Advisor | ||||||
By: | /s/ Xxxx X. XxXxxxxxxx | |||||
Name: Xxxx X. XxXxxxxxxx | ||||||
Title: Limited Partner and General Counsel |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
INVESTORS MITSUI & CO. VENTURE PARTNERS II, L.P. |
||||
By: | Mitsui & Co. Venture Partners, Inc. | |||
Its General Partner | ||||
By: | /s/ Taro Inaba | |||
Name: | Taro Inaba | |||
Title: | President & CEO |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
INVESTORS ITX INTERNATIONAL EQUITY CORP. |
||||
By: | /s/ Takehito Jimbo | |||
Name: | Takehito Jimbo | |||
Title: | President & CEO |
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 5 to Stockholders
Agreement effective the date first written above.
INVESTORS WHITEBOX HEDGED HIGH YIELD PARTNERS, LP |
||||
By: | /s/ Xxxxxxxx Xxxx | |||
Name: | Xxxxxxxx Xxxx | |||
Title: | Director & COO | |||
WHITEBOX COMBINED PARTNERS, LP |
||||
By: | /s/ Xxxxxxxx Xxxx | |||
Name: | Xxxxxxxx Xxxx | |||
Title: | Director & COO | |||