ACCELERATED OPTION SHARES LOCK-UP AGREEMENT
EXHIBIT 10.1
December ___, 2005
Raindance Communications, Inc.
Re: Vested Option Shares Lock-up Agreement
Ladies and Gentlemen:
The undersigned officer of Raindance Communications, Inc., a Delaware corporation (the “Company”),
was granted certain stock options pursuant to the Company’s 2000 Equity Incentive Plan (the “Plan”)
as listed in Schedule A below (the stock options so listed are referred to herein as the
“Accelerated Options”). Pursuant to Section 12(e) of the Plan, the Company’s Board of Directors
plans to amend the terms of the Accelerated Options in order to accelerate the vesting of such
options so that the undersigned has the right to exercise such options in their entirety on
December 31, 2005 (the “Amendment”).
In recognition of the benefit that the Amendment will confer upon the undersigned, and for other
good and valuable consideration receipt of which is hereby acknowledged, the undersigned hereby
agrees that, without the prior written consent of the Company’s Board of Directors, the undersigned
will not, directly or indirectly, with respect to any Accelerated Option or shares purchasable
under the Accelerated Options (collectively, the Accelerated Options and shares purchasable
thereunder are referred to herein as the “Accelerated Option Securities”), take any of the
following actions from and after the date hereof until the earlier of (i) the undersigned’s
termination of services with the Company, and (ii) the date such Accelerated Option would have
vested in full under the original terms governing such options, including the Stock Option Grant
Notice and resolutions adopted by the Board of Directors relevant thereto, applicable to such
Accelerated Option: (1) Offer, pledge, announce the intention to sell, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant to purchase, or otherwise transfer or dispose of, the Accelerated Option
Securities, or (2) enter into any swap, option, future, forward or other agreement that transfers,
in whole or in part, any of the economic consequences of ownership of the Accelerated Option
Securities, regardless of whether any of the transactions described in clause (1) or (2) above is
to be settled by delivery of stock, in cash or otherwise.
Notwithstanding the foregoing, the restrictions set forth in the preceding paragraph shall not
apply to (i) Accelerated Option Securities that, as of the date of any such restricted action,
already would have been vested pursuant to the terms of the original stock option applicable to
such Accelerated Option, (ii) transfers of Accelerated Option Securities made as a bona fide gift
or gifts, provided that the donee or donees thereof agree to be bound by the restrictions set forth
herein prior to such transfer, and (iii) transfers of Accelerated Option Securities made to any
trust for the direct or indirect benefit of the undersigned or the immediate family of the
undersigned, provided that the trustee of the trust agrees to be bound by the restrictions set
forth herein prior to such transfer, and provided further that any such transfer shall not involve
a disposition for value. Nothing in this Agreement shall confer upon the undersigned the right to
take any action with respect to any Accelerated Option Securities that would violate applicable
securities laws or the terms of the Plan, the Stock Option Grant Notice and the Stock Option
Agreement applicable to such Accelerated Option Securities.
In furtherance of the foregoing, the Company and any duly appointed transfer agent for the
registration or transfer of the securities described herein are hereby authorized to decline to
make any transfer of securities if such transfer would constitute a violation or breach of this
Lock-Up Agreement.
The undersigned hereby represents and warrants that the undersigned has full power and authority to
enter into this Lock-Up Agreement. All authority herein conferred or agreed to be conferred and any
obligations of the undersigned shall be binding upon the successors, assigns, heirs or personal
representatives of the undersigned.
THIS LOCK-UP AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF COLORADO, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.
| Very truly yours, | ||||||
| Signed: | ||||||
| Print Name: | ||||||
Schedule A
| Option Grant Date | Shares Subject to Option | Option Exercise Price | ||||||