EXHIBIT 10.5
AENEID CORPORATION
THIRD AMENDED AND RESTATED
INVESTORS' RIGHTS AGREEMENT
OCTOBER 18, 1999
TABLE OF CONTENTS
Page
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1. REGISTRATION RIGHTS........................................................ 2
1.1 Definitions............................................................ 2
1.2 Request for Registration............................................... 3
1.3 Company Registration................................................... 5
1.4 Form S-3 Registration.................................................. 5
1.5 Obligations of the Company............................................. 6
1.6 Furnish Information.................................................... 8
1.7 Expenses of Registration............................................... 8
1.8 Underwriting Requirements.............................................. 9
1.9 Delay of Registration.................................................. 10
1.10 Indemnification........................................................ 10
1.11 Reports Under Securities Exchange Act of 1934.......................... 12
1.12 Assignment of Registration Rights...................................... 13
1.13 Limitations on Subsequent Registration Rights.......................... 13
1.14 "Market Stand-Off" Agreement........................................... 13
1.15 Termination of Registration Rights..................................... 14
2. COVENANTS OF THE COMPANY................................................... 14
2.1 Delivery of Financial Statements....................................... 14
2.2 Inspection............................................................. 15
2.3 Right of First Offer................................................... 15
2.4 Use of Proceeds........................................................ 17
2.5 Reserve for Conversion Shares.......................................... 17
2.6 Employee Confidential Information and Invention Assignment Agreements.. 17
2.7 Compliance with Laws................................................... 17
2.8 Termination of Covenants............................................... 18
3. MISCELLANEOUS.............................................................. 18
3.1 Restrictions On Transferability........................................ 18
3.2 Restrictive Legends.................................................... 18
3.3 Notice of Proposed Transfers........................................... 19
3.4 Successors and Assigns................................................. 19
3.5 Amendments and Waivers................................................. 20
3.6 Notices................................................................ 20
3.7 Severability........................................................... 20
3.8 Governing Law.......................................................... 20
3.9 Counterparts........................................................... 20
3.10 Titles and Subtitles................................................... 21
3.11 Aggregation of Stock................................................... 21
3.12 Termination of Prior Agreement......................................... 21
AENEID CORPORATION
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
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This Third Amended and Restated Investors' Rights Agreement (the
"Agreement") is made as of October 18, 1999 by and among Aeneid Corporation, a
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California corporation (the "Company"), the investors listed on Exhibit A hereto
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(the "Existing Investors") and the investors listed on Exhibit B hereto (the
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"Series D Investors"). The Series D Investors, the Existing Investors and any
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additional investors who may be added as parties to this Agreement pursuant to
Section 3.5 are referred to collectively herein as the "Investors."
RECITALS
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A. The Company sold and issued to certain of the Investors (the
"Series A Investors") 8,124,538 shares of the Series A Preferred Stock of the
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Company pursuant to that certain Series A Preferred Stock Purchase Agreement
between the Company and the Series A Investors dated as of April 20, 1998 (the
"Series A Purchase Agreement").
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B. The Company sold and issued to certain of the Investors (the
"Series B Investors" and, together with the Series A Investors, the "Existing
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Investors") 2,194,666 shares of the Series B Preferred Stock of the Company
pursuant to that certain Series B Preferred Stock Purchase Agreement between the
Company and the Series B Investors dated as of March 19, 1999 (the "Series B
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Purchase Agreement").
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C. The Company sold and issued to certain of the Investors (the
"Series C Investors" and, together with the Series A Investors and the Series B
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Investors, the "Existing Investors") 2,898,706 shares of the Series C Preferred
Stock of the Company pursuant to that certain Series C Preferred Stock Purchase
Agreement between the Company and the Series C Investors dated as of September
17, 1999 (the "Series C Purchase Agreement").
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C. The Company and the Existing Investors entered into a Second
Amended and Restated Investor Rights Agreement (the "Prior Agreement") dated as
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of September 17, 1999.
D. Pursuant to an engagement letter with BancBoston Xxxxxxxxx
Xxxxxxxx Inc., a Massachusetts corporation ("BRS") dated as of July 30, 1999
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(the "Engagement Letter"), the Company proposes to sell and issue to BRS a
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Series D Preferred Stock Warrant to purchase up to 160,373 shares of Series D
Preferred Stock (collectively with any other warrants ("Additional Warrants") to
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purchase Series D Preferred Stock issued to BRS pursuant to the Engagement
Letter, the "BRS Warrant").
E. The Company and the Series D Investors have entered into a Series
D Preferred Stock Purchase Agreement (the "Series D Purchase Agreement") of even
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date herewith pursuant to which the Company desires to sell to the Series D
Investors and the Series D Investors desire to purchase from the Company shares
of the Company's Series D Preferred Stock. A condition to the Series D
Investors' obligations under the Series D Purchase
Agreement is that the Company, the Existing Investors and the Series D Investors
enter into this Agreement in order to provide the Series D Investors with (i)
certain rights to register shares of the Company's Common Stock issuable upon
conversion of the Preferred Stock held by the Investors, (ii) certain rights to
receive or inspect information pertaining to the Company, (iii) a right of first
offer with respect to certain issuances by the Company of its securities, and
(iv) certain other covenants by the Company. The Company desires to induce the
Series D Investors to purchase shares of Series D Preferred Stock pursuant to
the Series D Purchase Agreement by agreeing to the terms and conditions set
forth herein. The Company and the Existing Investors intend that the Prior
Agreement be terminated and replaced in its entirety by this Agreement. The
shares of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred
Stock and Series D Preferred Stock held by the Investors are referred to
collectively herein as the "Preferred Shares."
AGREEMENT
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The parties hereby agree as follows:
1. Registration Rights. The Company and the Investors covenant and agree as
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follows:
1.1 Definitions. For purposes of this Section 1:
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(a) The terms "register," "registered," and "registration" refer to a
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registration effected by preparing and filing a registration statement or
similar document in compliance with the Securities Act of 1933, as amended (the
"Securities Act"), and the declaration or ordering of effectiveness of such
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registration statement or document;
(b) The term "Registrable Securities" means (i) the shares of Common
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Stock issuable or issued upon conversion of the Series A Preferred Stock, (ii)
the shares of Common Stock issuable or issued upon conversion of the Series B
Preferred Stock, (iii) the shares of Common Stock issuable or issued upon
conversion of the Series C Preferred Stock, (iv) the shares of Common Stock
issuable or issued upon conversion of the Series D Preferred Stock, (v) any
other shares of Common Stock of the Company issued as (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued
as) a dividend or other distribution with respect to, or in exchange for or in
replacement of (including but not limited to shares of Common Stock issued upon
a stock split), the shares listed in (i), (ii), (iii) or (iv), (vi) shares of
Common Stock issuable upon conversion of Series A Preferred Stock issuable upon
exercise of that certain warrant dated June 4, 1998 issued to Silicon Valley
Bank, (vii) the shares of Common Stock issued or issuable pursuant to the
conversion of the Warrant Shares issuable pursuant to the BRS Warrant, (viii)
shares of Common Stock issued or issuable upon conversion of Series A Preferred
Stock, Series B Preferred Stock, Series C Preferred Stock or Series D Preferred
Stock issued or issuable upon exercise of warrants to purchase Series A
Preferred Stock, Series B Preferred Stock, Series C Preferred Stock or Series D
Preferred Stock issued after the date hereof to financial institutions or
lessors in connection with commercial credit arrangements, equipment financings
or similar transactions approved in each case by the Board of Directors of the
Company, which entities execute a counterpart signature page hereto and agree to
be bound by the terms hereof, and (ix) shares of Common Stock issued or issuable
upon conversion of Series A Preferred Stock, Series B Preferred Stock, Series C
Preferred Stock or Series D Preferred Stock issued or issuable upon exercise of
warrants to purchase Series A Preferred Stock, Series B Preferred Stock, Series
C Preferred Stock or Series D Preferred Stock issued after the date hereof to
providers of services, products or technologies (or rights thereto) to the
Company, if such issuance is unanimously approved by the Board of Directors of
the Company, which entities execute a counterpart signature page hereto and
agree to be bound by the terms hereof; provided, however, that the foregoing
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definition shall exclude in all cases any Registrable Securities sold by a
person in a transaction in which his or her rights under this Agreement are not
assigned. Notwithstanding the foregoing, Common Stock or other securities shall
only be treated as Registrable Securities if and so long as they have not been
(A) sold to or through a broker or dealer or underwriter in a public
distribution or a public securities transaction, or (B) sold in a transaction
exempt from the registration and prospectus delivery requirements of the
Securities Act under Section 4(1) thereof so that all transfer restrictions, and
restrictive legends with respect thereto, if any, are removed upon the
consummation of such sale;
(c) The number of shares of "Registrable Securities then outstanding"
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shall be determined by the number of shares of Common Stock outstanding which
are, and the number of shares of Common Stock issuable pursuant to then
exercisable or convertible securities which are, Registrable Securities;
(d) The term "Holder" means any person owning or having the right to
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acquire Registrable Securities or any assignee thereof in accordance with
Section 1.12 of this Agreement;
(e) The term "Form S-3" means such form under the Securities Act as
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in effect on the date hereof or any successor form under the Securities Act;
(f) The term "SEC" means the Securities and Exchange Commission; and
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(g) The term "Qualified IPO" means an underwritten public offering by
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the Company of shares of its Common Stock pursuant to a registration statement
under the Securities Act, which results in gross proceeds of at least
$15,000,000 and the public offering price of which is not less than $4.00 per
share (appropriately adjusted for any stock split, dividend, combination or
other recapitalization).
(h) The term "Warrant Shares" shall mean the shares of the
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Company's Series D Preferred Stock issuable upon exercise of the BRS
Warrant.
1.2 Request for Registration.
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(a) If the Company shall receive at any time after the earlier of (i)
April 20, 2002, or (ii) six (6) months after the effective date of the first
registration statement for a public offering of securities of the Company (other
than a registration statement on Form X-0, X-0 or any successor thereto), a
written request from the Holders of a majority of the Registrable Securities
then outstanding that the Company file a registration statement under the
Securities Act covering the registration of at least forty percent (40%) of the
Registrable Securities then
outstanding (or a lesser percent if the anticipated aggregate offering price,
net of underwriting discounts and commissions, would exceed $10,000,000), then
the Company shall, within ten (10) days of the receipt thereof, give written
notice of such request to all Holders and shall, subject to the limitations of
subsection 1.2(b), use its best efforts to effect as soon as practicable, and in
any event within 90 days of the receipt of such request, the registration under
the Securities Act of all Registrable Securities which the Holders request to be
registered within fifteen (15) days of the mailing of such notice by the Company
in accordance with Section 3.3.
(b) If the Holders initiating the registration request hereunder
("Initiating Holders") intend to distribute the Registrable Securities covered
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by their request by means of an underwriting, they shall so advise the Company
as a part of their request made pursuant to this Section 1.2 and the Company
shall include such information in the written notice referred to in subsection
1.2(a). The underwriter will be selected by a majority in interest of the
Initiating Holders and shall be reasonably acceptable to the Company. In such
event, the right of any Holder to include his Registrable Securities in such
registration shall be conditioned upon such Holder's participation in such
underwriting and the inclusion of such Holder's Registrable Securities in the
underwriting (unless otherwise mutually agreed by a majority in interest of the
Initiating Holders and such Holder) to the extent provided herein. All Holders
proposing to distribute their securities through such underwriting shall
(together with the Company as provided in subsection 1.5(e)) enter into an
underwriting agreement in customary form with the underwriter or underwriters
selected for such underwriting. Notwithstanding any other provision of this
Section 1.2, if the underwriter advises the Initiating Holders in writing that
marketing factors require a limitation of the number of shares to be
underwritten, then the Initiating Holders shall so advise all Holders of
Registrable Securities which would otherwise be underwritten pursuant hereto,
and the number of shares of Registrable Securities that may be included in the
underwriting shall be allocated among all Holders thereof, including the
Initiating Holders, in proportion (as nearly as practicable) to the amount of
Registrable Securities of the Company owned by each Holder; provided, however,
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that the number of shares of Registrable Securities to be included in such
underwriting shall not be reduced unless all other securities are first entirely
excluded from the underwriting.
(c) Notwithstanding the foregoing, if the Company shall furnish to
Holders requesting a registration statement pursuant to this Section 1.2, a
certificate signed by the President of the Company stating that in the good
faith judgment of the Board of Directors of the Company, it would be seriously
detrimental to the Company and its shareholders for such registration statement
to be filed and it is therefore essential to defer the filing of such
registration statement, the Company shall have the right to defer such filing
for a period of not more than 120 days after receipt of the request of the
Initiating Holders; provided, however, that the Company may not utilize this
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right more than once in any twelve-month period.
(d) In addition, the Company shall not be obligated to effect, or to
take any action to effect, any registration pursuant to this Section 1.2:
(i) After the Company has effected two (2) registrations
pursuant to this Section 1.2 and such registrations have been declared or
ordered effective;
(ii) During the period starting with the date sixty (60) days
prior to the Company's good faith estimate of the date of filing of, and ending
on a date one hundred eighty (180) days after the effective date of, a
registration subject to Section 1.3 hereof; provided that the Company is
actively employing in good faith all reasonable efforts to cause such
registration statement to become effective; or
(iii) If the Initiating Holders propose to dispose of shares of
Registrable Securities that may be immediately registered on Form S-3 pursuant
to a request made pursuant to Section 1.4 below.
1.3 Company Registration. If (but without any obligation to do so) the
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Company proposes to register (including for this purpose a registration effected
by the Company for shareholders other than the Holders) any of its stock under
the Securities Act in connection with the public offering of such securities
solely for cash (other than a registration on Form X-0, Xxxx X-0 or any
successors thereto, a registration in which the only stock being registered is
Common Stock issuable upon conversion of debt securities which are also being
registered, or any registration on any form which does not include substantially
the same information as would be required to be included in a registration
statement covering the sale of the Registrable Securities), the Company shall,
at such time, promptly give each Holder written notice of such registration.
Upon the written request of each Holder given within fifteen (15) days after
mailing of such notice by the Company in accordance with Section 3.3, the
Company shall, subject to the provisions of Section 1.8, cause to be registered
under the Securities Act all of the Registrable Securities that each such Holder
has requested to be registered.
1.4 Form S-3 Registration. In case the Company shall receive from any
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Holder or Holders a written request or requests that the Company effect a
registration on Form S-3 and any related qualification or compliance with
respect to all or a part of the Registrable Securities owned by such Holder or
Holders, the Company will:
(a) promptly give written notice of the proposed registration, and
any related qualification or compliance, to all other Holders; and
(b) as soon as practicable, effect such registration and all such
qualifications and compliances 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' Registrable Securities as are specified in such request, together with
all or such portion of the Registrable Securities of any other Holder or Holders
joining in such request as are specified in a written request given within
fifteen (15) days after receipt of such written notice from the Company;
provided, however, that the Company shall not be obligated to effect any such
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registration, qualification or compliance, pursuant to this Section 1.4: (i) if
Form S-3 is not available for such offering by the Holders; (ii) if the Holders
propose to sell Registrable Securities at an aggregate price to the public of
less than $500,000; (iii) if the Company shall furnish to the Holders a
certificate signed by the President of the Company stating that in the good
faith judgment of the Board of Directors of the Company, it would be seriously
detrimental to the Company and its shareholders for such Form S-3 Registration
to be effected at such time, in which event the Company shall have the
right to defer the filing of the Form S-3 registration statement for a period of
not more than 120 days after receipt of the request of the Holder or Holders
under this Section 1.4; provided, however, that the Company shall not utilize
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this right more than once in any twelve month period; (iv) if the Company has,
within the twelve (12) month period preceding the date of such request, already
effected two registrations on Form S-3 for the Holders pursuant to this Section
1.4; (v) in any particular jurisdiction in which the Company would be required
to qualify to do business or to execute a general consent to service of process
in effecting such registration, qualification or compliance; or (vi) during the
period ending one hundred eighty (180) days after the effective date of a
registration statement subject to Section 1.3.
(c) Subject to the foregoing, the Company shall file a registration
statement covering the Registrable Securities and other securities so requested
to be registered as soon as practicable after receipt of the request or requests
of the Holders. Registrations effected pursuant to this Section 1.4 shall not
be counted as demands for registration or registrations effected pursuant to
Sections 1.2 or 1.3, respectively.
1.5 Obligations of the Company. Whenever required under this Section 1 to
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effect the registration of any Registrable Securities, the Company shall, as
expeditiously as reasonably possible:
(a) Prepare and file with the SEC a registration statement with
respect to such Registrable Securities and use all reasonable efforts to cause
such registration statement to become effective, and, upon the request of the
Holders of a majority of the Registrable Securities registered thereunder, keep
such registration statement effective for up to one hundred twenty (120) days.
The Company shall not be required to file, cause to become effective or maintain
the effectiveness of any registration statement (other than a registration
statement on Form S-3 pursuant to Section 1.4) that contemplates a distribution
of securities on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act.
(b) Prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement for up to one hundred twenty (120) days.
(c) Furnish to the Holders such numbers of copies of a prospectus,
including a preliminary prospectus, in conformity with the requirements of the
Securities Act, and such other documents as they may reasonably request in order
to facilitate the disposition of Registrable Securities owned by them.
(d) Use its best efforts to register and qualify the securities
covered by such registration statement under such other securities or Blue Sky
laws of such jurisdictions as shall be reasonably requested by the Holders,
provided that the Company shall not be required in connection therewith or as a
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condition thereto to qualify to do business or to file a general consent to
service of process in any such states or jurisdictions.
(e) In the event of any underwritten public offering, enter into and
perform its obligations under an underwriting agreement, in usual and customary
form, with the managing underwriter of such offering. Each Holder participating
in such underwriting shall also enter into and perform its obligations under
such an agreement.
(f) Notify each Holder of Registrable Securities covered by such
registration statement 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 included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing, such obligation to continue for one hundred twenty (120) days and file
any supplements or amendments as required under Section 1.5(b) to update the
prospectus for such event.
(g) Cause all such Registrable Securities registered pursuant
hereunder to be listed on each securities exchange or market on which similar
securities issued by the Company are then listed.
(h) Provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration.
(i) Use its best efforts to furnish, at the request of any Holder
requesting registration of Registrable Securities pursuant to this Section 1, on
the date that such Registrable Securities are delivered to the underwriters for
sale in connection with a registration pursuant to this Section 1, if such
securities are being sold through underwriters, or, if such securities are not
being sold through underwriters, on the date that the registration statement
with respect to such securities becomes effective, (i) an opinion, dated such
date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in
an underwritten public offering, addressed to the underwriters, if any, and to
the Holders requesting registration of Registrable Securities and (ii) a letter
dated such date, from the independent certified public accountants of the
Company, in form and substance as is customarily given by independent certified
public accountants to underwriters in an underwritten public offering, addressed
to the underwriters, if any, and to the Holders requesting registration of
Registrable Securities.
(j) To the extent reasonably necessary to effect the registration of
any Registrable Securities, make available for inspection by each seller of
Registrable Securities, 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 pertinent 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.
1.6 Furnish Information. It shall be a condition precedent to the
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obligations of the Company to take any action pursuant to this Section 1 with
respect to the Registrable Securities of any selling Holder that such Holder
shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities
as shall be required to effect the registration of such Holder's Registrable
Securities. The Company shall have no obligation with respect to any
registration requested pursuant to Section 1.2 or Section 1.4 of this Agreement
if, as a result of the application of the preceding sentence, the number of
shares or the anticipated aggregate offering price of the Registrable Securities
to be included in the registration does not equal or exceed the number of shares
or the anticipated aggregate offering price required to originally trigger the
Company's obligation to initiate such registration as specified in subsection
1.2(a) or subsection 1.4(b)(2), whichever is applicable.
1.7 Expenses of Registration.
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(a) Demand Registration. All expenses (other than underwriting
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discounts and commissions) incurred in connection with registrations, filings or
qualifications pursuant to Section 1.2, including (without limitation) all
registration, filing and qualification fees, printers' and accounting fees, fees
and disbursements of counsel for the Company, and the reasonable fees and
disbursements of one counsel for the selling Holders selected by them with the
approval of the Company, which approval shall not be unreasonably withheld,
shall be borne by the Company; provided, however, that the Company shall not be
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required to pay for any expenses of any registration proceeding begun pursuant
to Section 1.2 if the registration request is subsequently withdrawn at the
request of the Holders of a majority of the Registrable Securities to be
registered (in which case all participating Holders shall bear such expenses),
unless the Holders of a majority of the Registrable Securities agree to forfeit
their right to one demand registration pursuant to Section 1.2 or unless the
registration request is withdrawn due to a material adverse change in the
Company's financial condition or business which was not known or reasonably
foreseeable by the selling Holders at the time the registration was requested.
(b) Company Registration. All expenses (other than underwriting
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discounts and commissions) incurred in connection with registrations, filings or
qualifications of Registrable Securities pursuant to Section 1.3 for each
Holder, including (without limitation) all registration, filing, and
qualification fees, printers' and accounting fees, fees and disbursements of
counsel for the Company, and the reasonable fees and disbursements of one
counsel for the selling Holders selected by them with the approval of the
Company, which approval shall not be unreasonably withheld, shall be borne by
the Company.
(c) Registration on Form S-3. All expenses (other than underwriting
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discounts and commissions) incurred in connection with a registration requested
pursuant to Section 1.4, including (without limitation) all registration,
filing, qualification, printers' and accounting fees and the reasonable fees and
disbursements of one counsel for the selling Holder or Holders selected by them
with the approval of the Company, which approval shall not be unreasonably
withheld, and counsel for the Company shall be borne by the Company.
(d) Underwriting Discounts and Commissions. All underwriting
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discounts and commissions incurred in connection with registrations in
connection with each registration statement under Section 1 shall be borne by
the participating sellers (and the Company, if the Company is a seller) in
proportion to the number of shares sold by each, or as they otherwise may agree.
1.8 Underwriting Requirements. In connection with any offering involving
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an underwriting of shares of the Company's capital stock, the Company shall not
be required under Section 1.3 to include any of the Holders' securities in such
underwriting unless they accept the terms of the underwriting as agreed upon
between the Company and the underwriters selected by it (or by other persons
entitled to select the underwriters), and then only in such quantity as the
underwriters determine in their sole discretion will not jeopardize the success
of the offering by the Company. If the total amount of securities, including
Registrable Securities, requested by Holders to be included in such offering
exceeds the amount of securities sold other than by the Company that the
underwriters determine in their sole discretion is compatible with the success
of the offering, then the Company shall be required to include in the offering
only that number of such securities, including Registrable Securities, which the
underwriters determine in their sole discretion will not jeopardize the success
of the offering (the securities so included to be apportioned pro rata among the
selling shareholders according to the total amount of securities entitled to be
included therein owned by each selling shareholder or in such other proportions
as shall mutually be agreed to by such selling shareholders) but in no event
shall (i) any shares being sold by a Holder exercising a demand registration
right set forth in Section 1.2 be excluded from such offering, (ii) the amount
of securities of the selling Holders included in the offering be reduced below
twenty percent (20%) of the total amount of securities included in such
offering, unless such offering is the initial public offering of the Company's
securities, in which case, except as provided in (i) the selling shareholders
may be excluded if the underwriters make the determination described above and
no other shareholder's securities are included. For purposes of the preceding
parenthetical concerning apportionment, for any selling shareholder which is a
holder of Registrable Securities and which is a partnership or corporation, the
partners, retired partners and shareholders of such holder, or the estates and
family members of any such partners and retired partners and any trusts for the
benefit of any of the foregoing persons shall be deemed to be a single "selling
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shareholder," and any pro rata reduction with respect to such "selling
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shareholder" shall be based upon the aggregate amount of shares carrying
registration rights owned by all entities and individuals included in such
"selling shareholder," as defined in this sentence.
1.9 Delay of Registration. No Holder shall have any right to obtain or
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seek an injunction restraining or otherwise delaying any such registration as
the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 1.
1.10 Indemnification. In the event any Registrable Securities are included
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in a registration statement under this Section 1:
(a) To the extent permitted by law, the Company will indemnify and
hold harmless each Holder, any underwriter (as defined in the Securities Act)
for such Holder and
each person, if any, who controls such Holder or underwriter within the meaning
of the Securities Act or the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), against any losses, claims, damages, or liabilities (joint or
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several) to which they may become subject under the Securities Act, the Exchange
Act or other federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereof) arise out of or are based upon any
of the following statements, omissions or violations (collectively a
"Violation"): (i) any untrue statement or alleged untrue statement of a material
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fact contained in such registration statement, including any preliminary
prospectus or final prospectus contained therein or any amendments or
supplements thereto, (ii) 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, or (iii) any violation or alleged violation by the
Company of the Securities Act, the Exchange Act, any state securities law or any
rule or regulation promulgated under the Securities Act, the Exchange Act or any
state securities law; and the Company will pay to each such Holder, underwriter
or controlling person, as incurred, 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 the indemnity
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agreement contained in this subsection 1.10(a) shall not apply to amounts paid
in settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable to any Holder,
underwriter or controlling person for any such loss, claim, damage, liability,
or action to the extent that it arises out of or is based upon a Violation which
occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such registration by any such Holder,
underwriter or controlling person.
(b) To the extent permitted by law, each selling Holder will
indemnify and hold harmless the Company, each of its directors, each of its
officers who has signed the registration statement, each person, if any, who
controls the Company within the meaning of the Securities Act, any underwriter,
any other Holder selling securities in such registration statement and any
controlling person of any such underwriter or other Holder, against any losses,
claims, damages, or liabilities (joint or several) to which any of the foregoing
persons may become subject, under the Securities Act, the Exchange Act or other
federal or state law, insofar as such losses, claims, damages, or liabilities
(or actions in respect thereto) arise out of or are based upon any Violation, in
each case to the extent (and only to the extent) that such Violation occurs in
reliance upon and in conformity with written information furnished by such
Holder expressly for use in connection with such registration; and each such
Holder will pay, as incurred, any legal or other expenses reasonably incurred by
any person intended to be indemnified pursuant to this subsection 1.10(b), in
connection with investigating or defending any such loss, claim, damage,
liability, or action; provided, however, that the indemnity agreement contained
-------- -------
in this subsection 1.10(b) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Holder, which consent shall not be unreasonably
withheld; provided, that in no event shall any indemnity under this subsection
--------
1.10(b) exceed the net proceeds from the offering received by such Holder,
except in the case of willful fraud by such Holder.
(c) Promptly after receipt by an indemnified party under this Section
1.10 of notice of the commencement of any action (including any governmental
action), such indemnified party will, if a claim in respect thereof is to be
made against any indemnifying party under this Section 1.10, deliver to the
indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party
-------- -------
(together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel,
with the reasonable fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such
action, if prejudicial to its ability to defend such action, shall relieve such
indemnifying party of any liability to the indemnified party under this Section
1.10, but the omission so to deliver written notice to the indemnifying party
will not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 1.10.
(d) If the indemnification provided for in this Section 1.10 is held
by a court of competent jurisdiction to be unavailable to an indemnified party
with respect to any loss, liability, claim, damage or expense referred to
therein, then the indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage, or expense
in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in
connection with the statements or omissions that resulted in such loss,
liability, claim, damage or expense as well as any other relevant equitable
considerations; provided, that in no event shall any contribution by a Holder
--------
under this Subsection 1.10(d) exceed the net proceeds from the offering received
by such Holder, except in the case of willful fraud by such Holder. The relative
fault of the indemnifying party and of the indemnified party shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to
information supplied by the indemnifying party or by the indemnified party and
the parties' relative intent, knowledge, access to information, and opportunity
to correct or prevent such statement or omission.
(e) Notwithstanding the foregoing, to the extent that the provisions
on indemnification and contribution contained in the underwriting agreement
entered into in connection with the underwritten public offering are in conflict
with the foregoing provisions, the provisions in the underwriting agreement
shall control; provided, however, that except as expressly provided in the
underwriting agreement, the obligations of the persons selling shares pursuant
to such underwriting agreement to indemnify the underwriters shall not be
considered to conflict with the indemnification obligations between the Company
and the Holders under this Section 1.10.
(f) The obligations of the Company and Holders under this Section
1.10 shall survive the completion of any offering of Registrable Securities in a
registration statement under this Section 1, and otherwise.
1.11 Reports Under Securities Exchange Act of 1934. With a view to making
---------------------------------------------
available to the Holders the benefits of Rule 144 promulgated under the
Securities Act and any other rule or regulation of the SEC that may at any time
permit a Holder to sell securities of the Company to the public without
registration or pursuant to a registration on Form S-3, the Company agrees to:
(a) make and keep public information available, as those terms are
understood and defined in SEC Rule 144, at all times after ninety (90) days
after the effective date of the first registration statement filed by the
Company for the offering of its securities to the general public so long as the
Company remains subject to the periodic reporting requirements under Sections 13
or 15(d) of the Exchange Act;
(b) take such action, including the voluntary registration of its
Common Stock under Section 12 of the Exchange Act, as is necessary to enable the
Holders to utilize Form S-3 for the sale of their Registrable Securities, such
action to be taken as soon as practicable after the end of the fiscal year in
which the first registration statement filed by the Company for the offering of
its securities to the general public is declared effective;
(c) file with the SEC in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act;
and
(d) furnish to any Holder, so long as the Holder owns any Registrable
Securities, forthwith upon request (i) a written statement by the Company that
it has complied with the reporting requirements of SEC Rule 144 (at any time
after ninety (90) days after the effective date of the first registration
statement filed by the Company), the Securities Act and the Exchange Act (at any
time after it has become subject to such reporting requirements), or that it
qualifies as a registrant whose securities may be resold pursuant to Form S-3
(at any time after it so qualifies), (ii) a copy of the most recent annual or
quarterly report of the Company and such other reports and documents so filed by
the Company, and (iii) such other information as may be reasonably requested in
availing any Holder of any rule or regulation of the SEC which permits the
selling of any such securities without registration or pursuant to such form.
1.12 Assignment of Registration Rights. The rights to cause the Company to
register Registrable Securities pursuant to this Section 1 may be assigned (but
only with all related obligations) by a Holder to a transferee or assignee of at
least 500,000 shares of such securities (as adjusted for any future stock
splits, reclassifications and the like), provided the Company is, within a
--------
reasonable time after such transfer, furnished with written notice of the name
and address of such transferee or assignee and the securities with respect to
which such registration rights are being assigned; and provided, further, that
-------- -------
such assignment shall be effective only if immediately following such transfer
the further disposition of such securities by the transferee or assignee is
restricted under the Securities Act. For the purposes of determining the number
of shares of Registrable Securities held by a transferee or assignee, the
holdings of transferees and
assignees of a partnership who are partners or retired partners of such
partnership (including spouses and ancestors, lineal descendants and siblings of
such partners or spouses who acquire Registrable Securities by gift, will or
intestate succession) shall be aggregated together and with the partnership;
provided that all assignees and transferees who would not qualify individually
for assignment of registration rights shall have a single attorney-in-fact for
the purpose of exercising any rights, receiving notices or taking any action
under Section 1.
1.13 Limitations on Subsequent Registration Rights. From and after the date
---------------------------------------------
of this Agreement, the Company shall not, without the prior written consent of
the Holders of a majority of the outstanding Registrable Securities, enter into
any agreement with any holder or prospective holder of any securities of the
Company which would allow such holder or prospective holder (a) to include such
securities in any registration filed under Section 1.2 hereof, unless under the
terms of such agreement, such holder or prospective holder may include such
securities in any such registration only to the extent that the inclusion of his
securities will not reduce the amount of the Registrable Securities of the
Holders which is included or (b) to make a demand registration which could
result in such registration statement being declared effective prior to the
earlier of either of the dates set forth in subsection 1.2(a) or within one
hundred twenty (120) days of the effective date of any registration effected
pursuant to Section 1.2.
1.14 "Market Stand-Off" Agreement. Each Holder hereby agrees that, during
---------------------------
the period of duration (up to, but not exceeding, 180 days for the Company's
initial public offering of securities and 90 days for any underwritten public
offering thereafter) specified by the Company and an underwriter of Common Stock
or other securities of the Company, following the effective date of a
registration statement of the Company filed under the Securities Act, it shall
not, to the extent requested by the Company and such underwriter, directly or
indirectly sell, offer to sell, contract to sell (including, without limitation,
any short sale), grant any option to purchase or otherwise transfer or dispose
of (other than to donees who agree to be similarly bound) any securities of the
Company held by it at any time during such period except Common Stock included
in such registration; provided, however, that:
-------- -------
(a) such agreement shall be applicable only during the two-year
period following the date of the final prospectus distributed pursuant to the
first such registration statement of the Company which covers Common Stock (or
other securities) to be sold on its behalf to the public in an underwritten
offering;
(b) all officers and directors of the Company, all five-percent
securityholders, and all other persons with registration rights (whether or not
pursuant to this Agreement) enter into similar agreements; and
(c) notwithstanding the foregoing, the Series D Investors shall be
subject to such agreement only up to, but not exceeding, 180 days after the
Company's initial public offering of securities and not with respect to shares
purchased by them in the Company's initial public offering or in the open
market.
In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to the Registrable Securities of each
Holder (and the shares
or securities of every other person subject to the foregoing restriction) until
the end of such period, and each Holder agrees that, if so requested, such
Holder will execute an agreement in the form provided by the underwriter
containing terms which are essentially consistent with the provisions of this
Section 1.14.
Notwithstanding the foregoing, the obligations described in this
Section 1.14 shall not apply to a registration relating solely to employee
benefit plans on Form S-1 or Form S-8 or similar forms which may be promulgated
in the future, or a registration relating solely to a transaction on Form S-4 or
similar forms which may be promulgated in the future.
1.15 Termination of Registration Rights. No Holder shall be entitled to
----------------------------------
exercise any right provided for in this Section 1 after the earlier of (i) five
(5) years following the consummation of a Qualified IPO, or (ii) such time as
Rule 144 or another similar exemption under the Securities Act is available for
the sale of all of such Holder's shares during a three (3)-month period without
registration.
2. Covenants of the Company.
------------------
2.1 Delivery of Financial Statements. The Company shall deliver to each
--------------------------------
Holder of at least 500,000 shares of Registrable Securities:
(a) as soon as practicable, but in any event within one hundred
twenty (120) days after the end of each fiscal year of the Company, an income
statement for such fiscal year, a balance sheet of the Company and statement of
shareholder's equity as of the end of such year, and a statement of cash flows
for such year, such year-end financial reports to be in reasonable detail,
prepared in accordance with generally accepted accounting principles ("GAAP"),
----
and audited and certified by an independent public accounting firm of nationally
recognized standing selected by the Company or otherwise reasonably acceptable
to Holders of a majority of the Registrable Securities then outstanding;
(b) within thirty (30) days of the end of each month, an unaudited
income statement and a statement of cash flows and balance sheet for and as of
the end of such month, in reasonable detail;
(c) as soon as practicable, but in any event thirty (30) days prior
to the end of each fiscal year, an operating budget for the next fiscal year
approved by the Company's board of directors;
(d) copies of any materials provided to the Company's board of
directors prior to each meeting of the board; provided, however, that the
-------- -------
Company shall not be obligated pursuant to this subsection (d) to provide any
material which it reasonably considers to be a trade secret or similar
confidential information; and
(e) within five (5) business days of discovery, notification of any
material non-compliance with any material agreement (except if such non-
compliance has been corrected with such five day period).
2.2 Inspection. The Company shall permit each Holder of at least 500,000
----------
shares of Registrable Securities, at such Holder's expense, to visit and inspect
the Company's properties, to examine its books of account and records and to
discuss the Company's affairs, finances and accounts with its officers, all at
such reasonable times as may be requested by the Investor; provided, however,
-------- -------
that the Company shall not be obligated pursuant to this Section 2.2 to provide
access to any information which it reasonably considers to be a trade secret or
similar confidential information.
2.3 Right of First Offer. Subject to the terms and conditions specified in
--------------------
this Section 2.3, the Company hereby grants to each Major Investor (as
hereinafter defined) a right of first offer with respect to future sales by the
Company of its Shares (as hereinafter defined). For purposes of this Section
2.3, a "Major Investor" shall mean any person who holds at least 500,000 shares
--------------
of the Preferred Stock (or the Common Stock issued upon conversion thereof)
issued pursuant to the Series A Purchase Agreement, the Series B Purchase
Agreement, the Series C Purchase Agreement or the Series D Purchase Agreement.
For purposes of this Section 2.3, Major Investor includes any general partners
and affiliates of a Major Investor. A Major Investor who chooses to exercise the
right of first offer may designate as purchasers under such right itself or its
partners or affiliates in such proportions as it deems appropriate.
Each time the Company proposes to offer any shares of, or securities
convertible into or exercisable for any shares of, any class of its capital
stock ("Shares"), the Company shall first make an offering of such Shares to
------
each Major Investor in accordance with the following provisions:
(a) The Company shall deliver a notice by certified mail or overnight
courier ("Notice") to the Major Investors stating (i) its bona fide intention to
------
offer such Shares, (ii) the number of such Shares to be offered, and (iii) the
price and terms, if any, upon which it proposes to offer such Shares.
(b) Within 10 calendar days after delivery of the Notice, each Major
Investor may elect to purchase or obtain, at the price and on the terms
specified in the Notice, up to that portion of such Shares which equals the
proportion that the number of shares of Common Stock issued and held, or
issuable upon conversion and exercise of all convertible or exercisable
securities then held, by such Major Investor bears to the total number of shares
of Common Stock then outstanding (assuming full conversion and exercise of all
convertible or exercisable securities).
(c) The Company may, during the 60-day period following the
expiration of the period provided in subsection 2.3(b) hereof, offer the
remaining unsubscribed portion of the Shares to any person or persons at a price
not less than, and upon terms no more favorable to the offeree than those
specified in the Notice. If the Company does not enter into an agreement for the
sale of the Shares within such period, or if such agreement is not consummated
within 60 days of the execution thereof, the right provided hereunder shall be
deemed to be revived and such Shares shall not be offered unless first reoffered
to the Major Investors in accordance herewith.
(d) The right of first offer in this paragraph 2.3 shall not be
applicable (i) to the issuance or sale of Common Stock (or options therefor) to
employees, consultants or directors of the Corporation directly or pursuant to a
stock option plan or restricted stock plan approved by the Board of Directors of
the Company, (ii) to the issuance of securities to financial institutions or
lessors in connection with commercial credit arrangements, equipment financings
or similar transactions approved in each case by the Board of Directors of the
Company, (iii) to the issuance of securities in connection with bona fide
acquisitions, mergers or similar transactions, if such issuance is approved
unanimously by the Board of Directors of the Corporation, (iv) to the issuance
of securities to providers of services, products or technologies (or rights
thereto) to the Company, if such issuance is unanimously approved by the Board
of Directors of the Company, (v) to the issuance of Additional Shares (as
defined in the Series D Purchase Agreement) or Additional Warrants, (vi) to the
issuance of shares of Series D Preferred Stock to shareholders of InGenius
Technoogies, Inc., (vii) to the issuance of securities pursuant to the
conversion or exercise of convertible or exercisable securities, (viii) to the
issuance or sale of the Series A Preferred Stock, the Series B Preferred Stock,
the Series C Preferred Stock or the Series D Preferred Stock, or (ix) to or
after consummation of a Qualified IPO.
(e) To the extent that an Investor hereunder has a right of first
offer pursuant to Section 2.3 of that certain Second Amended and Restated
Investors' Rights Agreement, dated September 17, 1999, such Investor hereby
waives such right of first offer with respect to the issuance and sale of (i)
shares of the Company's Series D Preferred Stock to the Investors pursuant to
the Series D Purchase Agreement and (ii) the BRS Warrant.
2.4 Use of Proceeds. The Company shall use the net proceeds from the sale
---------------
of the Series D Preferred Stock for: expansion of the Company's sales and
marketing efforts, for capital expenditures necessary for the Company's growth
strategy, and for working capital and other general corporate purposes,
including possible acquisitions and investments.
2.5 Reserve for Conversion Shares. The Company shall at all times reserve
-----------------------------
and keep available out of its authorized but unissued shares of Common Stock,
for the purpose of effecting the conversion of the Series A Preferred Stock, the
Series B Preferred Stock, the Series C Preferred Stock and the Series D
Preferred Stock and otherwise complying with the terms of this Agreement, such
number of its duly authorized shares of Common Stock as shall be sufficient to
effect the conversion of the Series A Preferred Stock, the Series B Preferred
Stock, the Series C Preferred Stock and the Series D Preferred Stock from time
to time outstanding or otherwise to comply with the terms of this Agreement. If
at any time the number of authorized but unissued shares of Common Stock shall
not be sufficient to effect the conversion of the Preferred Shares and the
Warrant Shares or otherwise to comply with the terms of this Agreement, the
Company will forthwith take such corporate action as may be necessary to
increase its authorized but unissued shares of Common Stock to such number of
shares as shall be sufficient for such purposes. The Company will obtain any
authorization, consent, approval or other action by or make any filing with any
court or administrative body that may be required under applicable state
securities laws in connection with the issuance of shares of Common Stock upon
conversion of the Series A Preferred Stock, the Series B Preferred Stock, the
Series C Preferred Stock and the Series D Preferred Stock.
2.6 Employee Confidential Information and Invention Assignment Agreements.
---------------------------------------------------------------------
The Company will require that all future employees, consultants and officers
having access to proprietary information execute Confidential Information and
Invention Assignment Agreements substantially in the form currently used by the
Company and that such form may not be altered in a manner adverse to the Company
without the approval of the Company's President.
2.7 Compliance with Laws. The Company shall comply with all applicable
--------------------
laws, rules, regulations and orders, noncompliance with which could materially
adversely affect its business or condition, financial or otherwise.
2.8 Termination of Covenants.
------------------------
(a) The covenants set forth in Sections 2.1 through Section 2.3 shall
terminate as to each Investor and be of no further force or effect (i) upon the
consummation of a Qualified IPO, or (ii) when the Company shall (A) sell,
convey, or otherwise dispose of or encumber (other than encumbrances pursuant to
a commercial loan unanimously approved by the Board of Directors of the Company)
all or substantially all of its property or business or merge or consolidate
with any other corporation (other than a wholly-owned subsidiary corporation)
where the shareholders of the Company own less than fifty percent (50%) of the
voting power of the surviving entity after such merger or consolidation or (B)
effect any other transaction or series of related transactions in which more
than fifty percent (50%) of the voting power of the Company is disposed of,
provided that this subsection (ii) shall not apply to a merger effected
exclusively for the purpose of changing the domicile of the Company.
(b) The covenants set forth in Sections 2.1 and 2.2 shall terminate
as to each Holder and be of no further force or effect when the Company first
becomes subject to the periodic reporting requirements of Sections 13 or 15(d)
of the Exchange Act, if this occurs earlier than the events described in Section
2.9(a) above.
3. Miscellaneous.
-------------
3.1 Restrictions On Transferability. The BRS, Warrant , the Preferred
-------------------------------
Shares, the Warrant Shares and any securities into which the Preferred Shares or
the Warrant Shares may be convertible, shall not be transferable except upon the
conditions specified in this Agreement and with the provisions of the Securities
Act. Each Investor will cause any proposed transferee of the Preferred Shares
(or of the securities into which they may be convertible) held by an Investor to
agree to take and hold such securities subject to the provisions and upon the
conditions specified in this Agreement. BRS will cause any proposed transferee
of the BRS Warrant and the Warrant Shares (or of the securities into which they
may be convertible) to agree to take and hold such securities subject to the
provisions and upon the conditions specified in this Agreement.
3.2 Restrictive Legends. Each certificate representing (i) the Shares,
-------------------
(ii) the Warrant Shares, (iii) shares of the Company's Common Stock issued upon
conversion of the Preferred Shares or the Warrant Shares, and (iv) any
securities issued in respect of the Preferred Shares, the Warrant Shares or such
Common Stock, shall (unless otherwise permitted by the provisions of
Section 3.3 below) be stamped or otherwise imprinted with a legend in
substantially the following form (in addition to any legend required under
applicable state securities laws):
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN
ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION
WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR
DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED UNDER THE SECURITIES ACT OF 1933.
THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
RESTRICTIONS ON TRANSFER CONTAINED IN THAT CERTAIN THIRD AMENDED
AND RESTATED INVESTOR RIGHTS AGREEMENT DATED AS OF OCTOBER 18,
1999, WHICH RESTRICTIONS ON TRANSFER ARE INCORPORATED HEREIN BY
REFERENCE.
3.3 Notice of Proposed Transfers. The holder of each certificate
----------------------------
representing Restricted Securities by acceptance thereof agrees to comply in all
respects with the provisions of this Section 3.3. Prior to any proposed transfer
of any Restricted Securities, unless there is in effect a registration statement
under the Securities Act covering the proposed transfer, the holder thereof
shall give written notice to the Company of such holder's intention to effect
such transfer. Each such notice shall describe the manner and circumstances of
the proposed transfer in sufficient detail, and shall be accompanied by either
(i) a written opinion of legal counsel who shall be reasonably satisfactory to
the Company addressed to the Company and reasonably satisfactory in form and
substance to the Company's counsel, to the effect that the proposed transfer of
the Restricted Securities may be effected without registration under the
Securities Act, (ii) a "no action" letter from the SEC to the effect that the
distribution of such securities without registration will not result in a
recommendation by the staff of the SEC that action be taken with respect
thereto, or (iii) such other showing that may be reasonably satisfactory to
legal counsel to the Company, whereupon the holder of such Restricted Securities
shall be entitled to transfer such Restricted Securities in accordance with the
terms of the notice delivered by the holder to the Company. Each certificate
evidencing the Restricted Securities transferred as above provided shall bear
the appropriate restrictive legends set forth in Section 3.2 above. All
Restricted Securities transferred as above shall continue to be subject to the
provisions of this Section 3.2 in the same manner as before such transfer.
3.4 Successors and Assigns. Except as otherwise provided in this
----------------------
Agreement, the terms and conditions of this Agreement shall inure to the benefit
of and be binding upon the respective permitted successors and assigns of the
parties (including transferees of any of the BRS Warrant or the Preferred Shares
or the Warrant Shares or any Common Stock issued upon conversion thereof).
Nothing in this Agreement, express or implied, is intended to confer upon any
party other than the parties hereto or their respective successors and assigns
any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.
3.5 Amendments and Waivers. Any term of this Agreement may be amended or
----------------------
waived only with the written consent of the Company and the holders of a
majority of the Registrable Securities then outstanding; provided, however, that
this Agreement may be amended with no further action of such holders to add any
New Purchasers under the Series D Purchase Agreement to this Agreement as
additional investors and to add Additional Warrants issued to BRS pursuant to
the engagement Letter; and provided, further, that Section 1.14(c) of this
Agreement may be amended or waived only with the written consent of the holders
of two thirds of the Series D Preferred Stock then outstanding. Upon the
addition of additional investors, each such investor shall be deemed an
"Investor" for all purposes of this Agreement and shares of Series D Preferred
--------
Stock purchased by such additional investors shall be deemed to be "Preferred
---------
Shares" and "Series D Preferred Stock" for all purposes of this Agreement,
------ ------------------------
and the shares of Common Stock issuable or issued upon conversion of such
shares shall be deemed to be "Registrable Securities" for all purposes
----------------------
of this Agreement. Any amendment or waiver effected in accordance with this
paragraph shall be binding upon each holder of any Registrable Securities then
outstanding, each future holder of all such Registrable Securities, and the
Company.
3.6 Notices Unless otherwise provided, any notice required or permitted
-------
by this Agreement shall be in writing and shall be deemed sufficient upon
delivery, when delivered personally or by overnight courier or sent by telegram
or fax, or forty-eight (48) hours after being deposited in the U.S. mail, as
certified or registered mail, with postage prepaid, and addressed to the party
to be notified at such party's address or fax number as set forth below or on
Exhibit A hereto or as subsequently modified by written notice.
---------
3.7 Severability. If one or more provisions of this Agreement are held to
------------
be unenforceable under applicable law, the parties agree to renegotiate such
provision in good faith. In the event that the parties cannot reach a mutually
agreeable and enforceable replacement for such provision, then (a) such
provision shall be excluded from this Agreement, (b) the balance of the
Agreement shall be interpreted as if such provision were so excluded and (c) the
balance of the Agreement shall be enforceable in accordance with its terms.
3.8 Governing Law. This Agreement and all acts and transactions pursuant
-------------
hereto shall be governed, construed and interpreted in accordance with the laws
of the State of California, without giving effect to principles of conflicts of
laws.
3.9 Counterparts. 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.
3.10 Titles and Subtitles. The titles and subtitles used in this Agreement
--------------------
are used for convenience only and are not to be considered in construing or
interpreting this Agreement.
3.11 Aggregation of Stock. All shares of the Preferred Stock held or
--------------------
acquired by affiliated entities or persons shall be aggregated together for the
purpose of determining the availability of any rights under this Agreement.
3.12 Termination of Prior Agreement. The Prior Agreement is hereby
------------------------------
terminated and replaced in its entirety by this Agreement.
[Signatures Follow on Next Page]
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By: /s/ Xxxxxx Xxxxxxxxx
--------------------------------
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:______________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: BLUESTEM CAPITAL PARTNERS
----------------------------
II, L.P.
--------
By: [ILLEGIBLE]
-----------------------------------------
Title: VICE PRESIDENT OF THE GENERAL PARTNER
---------------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: Xxxxxxx xxx Xxxxxx
-----------------------
By: /s/ Xxxxxxx xxx Xxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_______________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: Edgewater Private Equity
--------------------------
By: /s/ Xxxxxx Xxxxxxx
----------------------------------------
Title: Partner
-------------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_________________________
By:_______________________________________
Title:____________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: FRITAS AS
-----------------------
By: /s/ Xxxx Xxxxxx Xxxxx
-------------------------------------
Title: DIRECTOR
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: HPI Holding
-----------------------
By: /s/ Xxxxx Xxxxxxx
-------------------------------------
Title: CHAIRMAN
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: HOEGH INVEST AS
-----------------------
By: /s/ Xxxx Xxxxxx Xxxxx
-------------------------------------
Title: CHAIRMAN
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: KS Technoinvest
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: VISION CAPITAL L.P.
-----------------------
By: /s/ Xxx Xxxxxxxxx
-------------------------------------
Title: PARTNER
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: WESTINDIA AB
-----------------------
By: /s/ Xxxxxx Xxxxxxxxxxxxx
-------------------------------------
Title: V.P.
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: A-NEID LLC
-----------------------
By: /s/ Xxxx X Xxxxxx
-------------------------------------
Title: [ILLEGIBLE]
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Banc Boston Xxxxxxxxx
-----------------------
Xxxxxxxx
---------------------
By: [ILLEGIBLE]
-------------------------------------
Title: Managing Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: XXXXXXXX XXXXXXX
-----------------------
By: /s/ Xxxxxxxx Xxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Chartwell Holdings Ltd
-----------------------
By: [ILLEGIBLE]
-------------------------------------
DIODATA HOLDINGS LTD.
Title: Sole Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor: Xxxxxxx and Company
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Attorney
----------------------------------
(if Entity)
SERIES D INVESTORS:
Name of Investor: Decima Corporation
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: EarthWeb Inc.
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Executive Vice President
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx X. Xxxxxxxx
-----------------------
By: /s/ Xxxxx X. Xxxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:________________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:__________________________
By:________________________________________
Title:_____________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Friedrich - Xxxxxxx Xxxxxx
--------------------------
By: /s/ Friedrich - Xxxxxxx Xxxxxx
----------------------------------------
Title:_____________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxx X. Xxxxxxxxx
-----------------------
By: /s/ Xxxx X. Xxxxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx X. Xxxxx
-----------------------
By: /s/ Xxxxx X. Xxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx Traders Ltd
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Director
Address: XxXxxxxx Xxxxxxxx
Main Street
Road Town, Tortola
British Virgin Islands
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxxx X. Xxxxxx
-----------------------
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxxx Xxxxxx
-----------------------
By: /s/ Xxxxxx Xxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxx Xxxxxxx
-----------------------
By: /s/ Xxx Xxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Levitin Family
-----------------------
Charitable Trust
----------------------
By: /s/ Xxx Xxxxxxx
-------------------------------------
Title: Trustee
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: MWDI Partnership
-----------------------
By: /s/ Xxxxxx Xxxxxxx
-------------------------------------
Title: General Partner
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx Xxxxxx
-----------------------
By: /s/ Xxxxx Xxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxx X. Xxxxxxxx
-----------------------
By: /s/ Xxx X. Xxxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:________________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:__________________________
By:________________________________________
Title:_____________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Newport(BVI) Holdings Ltd
--------------------------
By: /s/ [ILLEGIBLE]
----------------------------------------
DIODATA HOLDINGS LTD.
Title: Sole Director
-------------------------------------
(if Entity)
Clariden Trust Management Ltd
Xxxxxxxxxxxxxxxx 0
000 0 Xxxxxx
Xxxxxxxxxxx
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:________________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:__________________________
By:________________________________________
Title:_____________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: ORION VENTURE PARTNERS
--------------------------
By: /s/ [ILLEGIBLE]
----------------------------------------
Title: Managing Partner.
-------------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxxx X. Xxxxxx
-----------------------
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------------
Title: Managing Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_______________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_________________________
By:_______________________________________
Title:____________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: RS COINVESTMENT FUND LP
-------------------------
By: /s/ Xxxxxx Xxxxxx
---------------------------------------
Title: Managing Director
------------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: RT PARTNERS, LP
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: MANAGING DIRECTOR OF THE
GENERAL PARTNER
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx X. Xxxxxxx
-----------------------
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:__________________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:____________________________
By:__________________________________________
Title:_______________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Ruxton Partners (1999-4)
-------------------------
LLP
-----------------------
By: /s/ Xxxx Xxxxxxx
------------------------------------------
Title: Managing Partner
---------------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: SALENIA AB
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: V.P.
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: XXXXX XXXXXX
-----------------------
By: /s/ Xxxxx Xxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Xxxxxxxx Communications Unit
Information Fund, Inc.
By: J. & X. Xxxxxxxx & Co.
Incorporated, its
Name of Investor: Investment Adviser
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Managing Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Xxxxxxxx Investment
Opportunities (Master)
Fund - NTV Portfolio
By: J. & X. Xxxxxxxx & Co.
Incorporated, its
Name of Investor: Investment Adviser
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Managing Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Xxxxxxxx New Technologies
Fund, Inc.
By: J. & X. Xxxxxxxx & Co.
Incorporated, its
Name of Investor: Investment Adviser
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Managing Director
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxxx Xxxxxxxx and
-----------------------
Xxxx X. Xxxxxxx Xx.
---------------------
By: /s/ Xxxxxx Xxxxxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxxxx X. Xxxxx
-----------------------
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx & Xxxx Xxxxx
-----------------------
By: /s/ Xxxxx & Xxxx Xxxxx
-------------------------------------
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Telecom Capital
-----------------------
Partners III, LP
---------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Manager, Jest Enterprises LLC
----------------------------------
General Partner
--------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: TENNYSON FUND II LLP
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: MANAGING MEMBER
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: U.S.A. FUND, LLP
-----------------------
By: /s/ XXXX X. XXXX
-------------------------------------
Title: PRESIDENT, WORLD TOTAL RETURN INC.
----------------------------------
(if Entity) (SOLE GENERAL PARTNER)
TAXPAYER IDENTIFICATION # 00-0000000
/s/ Xxxx X. Xxxx
----------------------------------------
SIGNATURE
000 XXXXXXX XXXXXXXX
000 XXXX XXXXXXX XXXXXX
XXXXXXXXX, XXXXXXXX 00000
410/576-4240
410/000-0000 (FAX)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Xxxxx GA Xxxxx
-----------------------
By: /s/ Xxxxx Xxxxx
-------------------------------------
Title: N/A
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: VICTORYFIRE LTD
-----------------------
By: /s/ XXXXXX XXXXXX
-------------------------------------
Title: PRESIDENT & CEO
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Vision Capital LP
-----------------------
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Vision Extension LP
-----------------------
By:_____________________________________
Title:__________________________________
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Westgate Capital, LLC
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Member
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Winfield Capital Corp.
-----------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Chief Financial Officer
----------------------------------
(if Entity)
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
The parties have executed this Third Amended and Restated Investors' Rights
Agreement as of the date first above written.
COMPANY:
AENEID CORPORATION
By:_____________________________________
Xxxxxx Xxxxxxxxx, President
Address:
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
EXISTING INVESTORS:
Name of Investor:_______________________
By:_____________________________________
Title:__________________________________
(if Entity)
SERIES D INVESTORS:
Name of Investor: Winstar Interactive
-----------------------
Ventures I Inc.
---------------------
By: /s/ [ILLEGIBLE]
-------------------------------------
Title: President, Winstar Interactive
----------------------------------
(if Entity) Ventures I Inc.
SIGNATURE PAGE TO AENEID CORPORATION SERIES D PREFERRED STOCK
THIRD AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
EXHIBIT A
EXISTING INVESTORS
Name and Address. Shares
---------------- ------
Xxxxxx, Xxxxxx Series C 15,823
00 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000
Xxxxxxx, Xxxx Series A 100,000
Fairview Capital
000 Xxxxxxxx Xxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
Bluestem Capital Partners II, Limited Series A 712,117
Partnership Series B 584,113
Xxxxx, Xxxxxx Series C 749,683
Bluestem Capital Company
000 X. Xxxxxxxx Xxx., Xxxxx 000
Xxxxx Xxxxx, XX 00000
Borel Bank & Trust, custodian for Xxxxx X. Series A 80,325
Xxxxx XXX Rollover
Trust Department
000 Xxxxx Xxxx
Xxx Xxxxx, XX 00000
Attn: Xxxxxxxx X. Xxxxxxx
Xxxxx, Xxxxxxx Series C 6,330
00 Xxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Xxxxxxx, Xxxx Series A 46,455
00 Xxxxxx Xxxx
Xxxxxx, XX 00000
Xxxxxxxxx, Xxxxx Series C 6,329
0000 Xxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Edgewater Private Equity Fund Fund II, LP Series A 3,467,061
Xxxxxx X. Xxxxxxx Series B 83,525
The Edgewater Funds
0 Xxxxxxxxx Xxxxx Xxxxx,
Xxxxx 000
Xxxxxxx Xxxxx, XX 00000
Eiken Invest 98 AS Series A 57,139
c/o Teknoinvest Management AS attn:
Tore Mengshoel
Postboks 556 Sentrum
N-0105 Oslo, Norway
Fritas AS Series A 101,184
c/o Hoegh Invest AS Series C 15,641
Parkveten 55
PO Box 2416 Solli
0201 0510 Norway
Xxxxxxx, Xxxxxxx X. Series A 36,469
0 Xxxxxx Xxxx
Xxxxx Xxxx, XX 00000
Xxxxxxx, Xxxxx X. Series A 36,487
General Partner
Media Technology Ventures
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Xxxx, Xxxxxxx Series C 15,823
000 Xxxxxxxxxxxx Xxxxx
Xxxxx Xxxx, XX 00000
Hoegh Invest A/S Series A 190,368
Xxxx Xxxxxx Xxxxx Series B 63,694
Parkveien 55 Series C 39,288
X.X. Xxx 0000 Xxxxx
0000 Xxxx, Xxxxxx
Xxxxxx, Xxxxxxx Series A 55,402
0000 Xxxxxxx Xxxxxx, #0
Xxx Xxxxxxxxx, XX 000000
HPI Holdings SA Series A 236,724
Xxx Xxxxxxxxx 0 Xxxxxx X 000,000
XX-0000 Xxxx
XXXXXXXXXXX
Attn: Xxxxx Xxxxxxx, Chairman
HPI Holding AS Series C 86,962
Xxx Xxxxxxxxx 0
XX-0000 Xxxx
Xxxxxxxxxxx
Attn: Xxxxx Xxxxxxx, Chairman
Xxxxxx, Xxxx Series C 3,165
0000 Xxxxx Xxxxxx, Xxx. 000
Xxx Xxxxxxxxx, XX 00000
International Communication Enterprises Series A 107,428
Attn: Xxxxxx Xxxxxxx
0000 Xxxxx-Xxxxxx
Xx Xxxxx
Xxxxxxxxxxx
Xxxxx & Xxxxxx Xxxxxxxx Charitable Annuity Series A 67,649
Trust
c/o Xxxx Xxxxxxx
000 Xxxxxxxx Xxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
J & S Charitable Annuity Trust Series A 67,875
c/o Xxxx Xxxxxxx
000 Xxxxxxxx Xxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
Xxxxx & Xxxxxx Xxxxxxx Charitable Annuity Series A 67,875
Trust
c/o Xxxx Xxxxxxx
000 Xxxxxxxx Xxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxx, XX 00000
Kleinwort Xxxxxx Limited Series C 410,684
Attn: Xxxxxxx Xxxx
Dresdner Kleinwort Xxxxxx North America
Private Equity & Investment Funds
00 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
KS Technoinvest V Series A 1,039,600
attn: Tore Mengshoel Series B 202,589
Teknoinvest Management AS
Grev Wedels xxxxx 5
X.X. Xxx 000, Xxxxxxx
Xxxx, Xxxxxx 0000
Xxxxxxxxx, Xxxx Series C 3,165
0000 Xxxxx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Merfin Capital N.V. Series C 474,683
Xxxxxx de Terjat
c/o Finabel S.A.
254 Route de Lausanne
CH -- 1292 Geneve -- Chambesy
Switzerland
Xxxxxx Xx., Xxxxxxx Series A 123,278
Technology Perspectives Series B 38,941
00 Xxx Xxxxxx Xxxxxx Series C 25,091
Xxxxxxxx, XX 00000
Xxxxxxx & Company Series A 108,474
c/o Xx. Xxxxxxx Xxxxxxx Series B 311,526
Bermuda Trust Company Limited Compass Point Series C 90,000
0 Xxxxxxxxxx Xxxx
Xxxxxxxx XX00
Xxxxxxx
Xxxxxxxxxx, Xxxxxx Series C 120,253
0000 Xxxxxxxx Xxxxxx, #000
Xxx Xxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxxx Charitable Annuity Trust Series A 67,875
c/o Xxxx Xxxxxxx
Fairview Capital
000 Xxxxxxxx Xxxxxxx Xxxxxx,
Xxxxx 000
Xxxxxxxx, XX 00000
Xxxx Xx Xxxxxx, Abdulla Series C 63,275
White Crystals Ltd.
X.X. Xxx 00000
00000 Xxxxxx
Xxxxx Xxxxxx
Xxxxxxx, Xxxxxx Series A 93,073
Intl. Comm. Enterprises Series C 14,397
0000 Xxxxx-Xxxxxx
Xx Xxxxx
Xxxxxxxxxxx
Vision Capital LP Series A 1,261,680
Attn: Xxx Xxxxxxxxx Series B 351,102
0000 Xxxx Xxxx Xxxx Series C 000,000
Xxxxxxxx 0, Xxxxx 000
Xxxxx Xxxx, XX 00000
xxx Xxxxx, Xxxxxxx Series B 233,645
Groso Xxxxxxx 0 Series C 138,412
D82166 Graefeling
Munich, Germany
Westindia AB Series C 63,282
x/x Xxxxxxx
Xxxxxx Xxxxxxxxxxxxx
Xxxxxxxxxxxxx 0
Xxxxxxxxx, Xxxxxx
White Crystals Ltd. Series C 316,455
Investment Advisor
X.X. Xxx 00000
Xxxxxx 00000, Xxxxx Xxxxxx
Attn: Xxxx X. Xxxx'a
EXHIBIT B
SERIES D INVESTORS
------------------
First Closing October 18, 1999
Purchaser Name Shares
------------------------------------------- ---------------------
Xxxxx Xxxxxxxx 102,803
Xxxxxxxx Communications and
Information Fund, Inc. 467,290
Xxxxxxxx New Technologies Fund, Inc. 2,271,028
Xxxxxxxx Investment Opportunities
(Master) Fund-NTV Portfolio 532,710
Victoryfire Limited 233,644
Xxxxxxx X. Xxxxx 93,457
Telecom Capital Partners, LP 1,000,000
Westgate Capital, LLC 163,551
Winfield Capital Corp. 233,644
Chartwell Holdings Ltd. 116,822
Xxxxxx Xxxxxxxx and Xxxx Xxxxxxx 23,364
Newport (BVI) Holdings Ltd. 116,822
BancBoston Xxxxxxxxx Xxxxxxxx Inc. /1/
TOTAL 5,345,789
______________________
/1/ See definition of "Holder" in Section 1.
SERIES D INVESTORS
------------------
Second Closing November 24, 1999
Purchaser Name Shares
------------------------------------------- ---------------------
A-NEID, LLC 1,102,805
Xxxxx Xxxxxx 5,000
Xxx X. Xxxxxxxx 46,728
Earthweb Inc. 116,822
Xxxxx Traders Limited 46,728
Xxxxx Xxxxx 50,000
MCP Global Corporation, Inc. 467,289
Orion Venture Partners 116,822
Xxxxx Capital Mgmt Money Purchase Plan fbo 11,682
Mai Xxxxx
Xxxxx & Xxxx Xxxxx, JWROS 70,093
Xxxxxx X. Xxxxxx 80,000
RT Partners, L.P. 163,551
Ruxton Partners (1999-4) LLP 572,429
Salenia AB 233,637
Tennyson Fund II, LLLP 563,084
U.S.A. Fund, LLLP 163,551
BancBoston Xxxxxxxxx Xxxxxxxx Inc. /2/
TOTAL 3,810,221
____________________
/2/ See definition of "Holder" in Section 1.
SERIES D INVESTORS
------------------
Third Closing December 23, 1999
Purchaser Name Shares
--------------------------------------------------------------------
Xxxxxx X. Xxxxxx 27,100
Xxxxx X. Xxxxxxx 10,000
Xxxxxxx X. Xxxxxxx 10,000
Xxxx X. Xxxxxxx 32,710
CDC-Valeurs de Croissance 1,402,000
Chana Sasha Foundation 23,364
Xxxxxxxx X. Xxxxx And Xxxxx Xxxxx, JRWROS 12,000
Decima Corporation 50,000
Xxxx Xxxxxx 100,000
Frederich Xxxxxxx Xxxxxx 199,990
Xxxxxx X. Xxxxxx 45,000
Xxxxxxxx X.. Hlibok 11,000
Xxxxx XxXxxxx 46,682
MW Partnership 35,046
MWDD Partnership 23,364
New Dimensions Trading Limited 70,093
Oktava Management Corporation 50,000
Xxxxxxx xxx Xxxxx 50,000
WinStar Interactive Ventures I Inc. 467,290
Xxxxx Xxxxxxx 46,728
Xxxxxxx Xxxxxxx 35,046
BancBoston Xxxxxxxxx Xxxxxxxx Inc. /3/
TOTAL 2,747,413
___________________________
/3/ See definition of "Holder" in Section 1.
SCHEDULE OF PURCHASERS
Fourth Closing January 21, 2000
Purchaser Name Shares
----------------------------------------------- ---------------------
Xxxxxxxx Xxxxxxx 11,681
Xxxxx Xxxxxxxxx 9,345
Chana Sasha Foundation 11,682
Xxxxx X. Xxxxxxxx 93,458
Frederich Xxxxxxx Xxxxxx 10
Xxxx X. Xxxxxxxxx 23,364
Xxxxx X. Xxxxx 93,457
Xxxxxx X. Xxxxxx 186,915
Xxxxxx X. Xxxxxx 80,000
Xxx Xxxxxxx 11,681
Levitin Family Charitable Trust 11,681
MWDD Partnership 23,363
MWDI Partnership 35,046
New Dimension Trading Limited 46,728
Xxxxxx X. Xxxxxx 46,728
Xxxxx X. Xxxxxxx 11,682
RS Coinvestment Fund L.L.C. 1,553,738
Xxxxx Xxxxxx 46,727
Vision Capital LP 281,162
Vision Extension LP 653,417
Xxxxx Xxxxxxx 23,364
Xxxxxxx Xxxxxxx 11,681
BancBoston Xxxxxxxxx Xxxxxxxx Inc. /4/
TOTAL 2,331,770
_____________________
/4/ See definition of "Holder" in Section 1.
