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EXHIBIT 10.1.1
AMENDMENT NO. 1 TO THE
INVESTOR RIGHTS AGREEMENT
THIS AMENDMENT NO. 1 (the "Amendment") to that certain Investor Rights
Agreement dated November 23, 1999 (the "Agreement") by and among Sequoia
Software Corporation (the "Company") and the investors listed on Schedule I
thereto and the stockholders listed on Schedule II thereto, is made as of this
19th day of April, 2000 by and among the Company and the undersigned
stockholders (the "Stockholders"). All capitalized terms used herein and not
otherwise defined herein shall have the meanings set forth in the Agreement.
WHEREAS, the Company and the Stockholders are parties to the Agreement;
and
WHEREAS, pursuant to Section 8.7 of the Agreement, the Company and the
Stockholders desire to amend certain provisions of the Agreement in connection
with the Company's initial public offering of its common stock, par value $0.001
per share (the "Common Stock").
NOW THEREFORE, in consideration of the mutual promises and covenants
contained in the Agreement and this Amendment, the parties hereto agree as
follows:
1. Section 1.4 of the Agreement shall hereby be amended and restated in
its entirety as follows:
" 'QUALIFIED INITIAL PUBLIC OFFERING' means the first underwritten
public offering of the Common Stock pursuant to a registration statement
in which the aggregate gross proceeds to the Company are no less than
$20,000,000 underwritten by a reputable nationally recognized
underwriting firm."
2. Except as otherwise expressly set forth in this Amendment, the
Agreement shall continue to be in full force and effect in accordance with its
terms.
3. This Amendment may be executed in any number of counterparts, each of
which shall be deemed to be an original, and all of which together shall
constitute one and the same document. This Agreement may be executed by
facsimile signatures.
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{Signatures on following page.}
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IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to the
Agreement as of the date first written above.
SEQUOIA SOFTWARE CORPORATION
By:
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Name:
Title:
ANTHEM CAPITAL, L.P.
By: Anthem Capital Partners, L.P.,
General Partner
By: Anthem Capital Partners, Inc.
General Partner
By:
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Xxxxxxx X. Xxxx, XX, President
NEPA VENTURE FUND II, L.P.
By: NEPA II Management Corporation
General Partner
By:
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Xxxx Xxxxxx, Vice President
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XXXXXXX X. FAINT, JR.
FLANDERS LANGUAGE VALLEY
FUND, C.V.A.
By:
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Name:
Title:
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XXXXX COMMUNICATIONS FUND, L.P.
By: Xxxxx Capital Partners, LLC
General Partner
By:
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Xxxxxxxx Xxxxxxx, Manager
