AMENDMENT NO. 3 TO AMENDED AND RESTATED SHAREHOLDERS AGREEMENT
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EXHIBIT 10.37
AMENDMENT NO. 3 TO
AMENDED AND RESTATED SHAREHOLDERS AGREEMENT
This Amendment No. 3 to Amended and Restated Shareholders Agreement
(this "Amendment") is entered into as of the 16th day of November, 2000, by and
among Array BioPharma Inc., a Delaware corporation (the "Company") and each of
those persons listed on the signature pages hereto as either "Investors",
"Founders" or "Holders".
RECITALS
A. The Company, the Founders and certain Investors and Holders previously
entered into that certain Amended and Restated Shareholders Agreement,
dated as of November 16, 1999 (as amended heretofore, the "Shareholders
Agreement"). Capitalized terms used herein, but not otherwise defined
herein, shall have the meanings assigned to them in the Shareholders
Agreement.
B. The Company, Investors, Founders and Holders desire to amend the
Shareholders Agreement as provided herein.
Now, Therefore, in consideration of the foregoing, the mutual covenants
and agreements herein contained and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, the parties hereby agree
that the Shareholders Agreement shall be amended as follows:
AMENDMENT
1. In Section 1 of the Shareholders Agreement, the definition of
"Qualifying IPO" shall be amended in its entirety to read as follows:
"Qualifying IPO" shall mean an initial public offering of
Common Stock pursuant to an effective registration statement under the
Securities Act at a price per share of at least $7.00 and resulting in
at least $20 million of gross proceeds (before underwriting discounts
and commissions).
MISCELLANEOUS
1. Interpretation. The parties intend that the Shareholders Agreement will
terminate upon a Qualifying IPO, as provided in Section 7.11 of the Shareholders
Agreement.
2 . Counterparts. This Amendment may be executed in any number of counterparts,
each of which when executed and delivered shall be an original, but all of which
together shall constitute one and the same instrument.
* * * * * * *
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IN WITNESS WHEREOF, the parties have executed this Amendment No. 3 to
Amended and Restated Shareholders Agreement as of the date first above written.
COMPANY: FOUNDERS:
/s/ XXXXX SNITHMAN
ARRAY BIOPHARMA INC. ----------------------------------------
XXXXX XXXXXXX, PH.D.
By: /s/ XXXXXX XXXXXX
-------------------------------- /s/ XXXXX XXXX
Xxxxxx Xxxxxx, Chief Executive ----------------------------------------
Officer XXXXX XXXX, PH.D.
/s/ XXXXXXX X. XXXXXXXX
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XXXXXXX X. XXXXXXXX, PH.D.
/s/ X.X. XXXXXXXX
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X.X. XXXXXXXX, PH.D.
INVESTORS:
XXXXXXX HEALTHCARE II, L.P.
By: /s/ XXXXXX X. XXXXXXX
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Name: XXXXXX X. XXXXXXX
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Title: General Partner
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ARCH VENTURE FUND III, L.P.
By: Arch Venture Partners, LLC, its
General Partner
By: /s/ XXXXXX XXXXXX
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Name: XXXXXX XXXXXX
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Title: Managing Director
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ROVENT II LIMITED PARTNERSHIP
By: Advent International Limited
Partnership, its General Partner
By: Advent International Corporation,
its General Partner
By: /s/ XXXXX FISHERMAN
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Name: Xxxxx Fisherman
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Title: Vice President
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MITSUI & CO. (U.S.A.), INC.
By: /s/ XXXXXXXX XXXX
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Name: Xxxxxxxx Xxxx
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Title: General Manager
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FALCON TECHNOLOGY PARTNERS, L.P.
By: /s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxxx, General Partner
BOULDER VENTURES II, L.P.
By: /s/ XXXX XXXXXXX
------------------------------------
Xxxx Xxxxxxx, General Partner
BOULDER VENTURES II, ANNEX L.P.
By: /s/ XXXX XXXXXXX
------------------------------------
Xxxx Xxxxxxx, General Partner
THE XXXXXXXXX FAMILY, L.L.C.
By:
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Xxxxxx X. Xxxxxxxxx, Ph.D., Manager
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XXXXX X. XXXXXX, XX.
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XXXXXXX X. XXXX
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/s/ XXXXXXX XXXXXXXXXX
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XXXXXXX XXXXXXXXXX
/s/ XXXXXXXXXXX X. XXXXXXX
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XXXXXXXXXXX X. XXXXXXX
/s/ XXXXXXX XXXX
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XXXXXXX XXXX
/s/ XXXXXXX X. XXXXXXX
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XXXXXXX X. XXXXXXX
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XXXXX X. XXXXXX
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XXXXXX XXXXXXX
VECTOR LATER-STAGE EQUITY FUND II, L.P.
By: Vector Fund Management II, L.L.C.,
its General Partner
By: /s/ XXXXXXX X. XXXXXXXX
------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
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Title: Managing Director
---------------------------------
VECTOR LATER-STAGE EQUITY FUND II
(Q.P.), L.P.
By: Vector Fund Management II, L.L.C.,
its General Partner
By: /s/ XXXXXXX X. XXXXXXXX
------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
----------------------------------
Title: Managing Director
---------------------------------
MOSAIX VENTURES, LP
By: Mosaix Ventures Management, LLC,
its General Partner
By: /s/ XXXXXX XXX
------------------------------------
Xxxxxx Xxx, Managing Partner
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HOLDERS:
/s/ XXXXXXX X. XXXXXXX
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XXXXXXX X. XXXXXXX
/s/ CHAN XXX XXXXX
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CHAN XXX XXXXX
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XXXXX X. XXXX
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XXXXX XXX
/s/ XXXXXX X. XXXXXXXXXX
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XXXXXX X. XXXXXXXXXX
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XXXXXX X. XXXXX
/s/ XXXX XXXX
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XXXX XXXX
/s/ XXXX XXXXXXX
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XXXX XXXXXXX
/s/ XXXXXXX XXXXX
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XXXXXXX XXXXX
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XXXXXXXXX X. XXXXXXXX
/s/ XXXXXX XXXXXXX
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XXXXXX XXXXXXX
/s/ XXXXXXX XXX
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XXXXXXX XXX
/s/ GUY P.A. VIGERS
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GUY P.A. VIGERS
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/s/ XXXXXXX XXXXX
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XXXXXXX XXXXX
/s/ XXXXXXX X. XXXXXXXX
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XXXXXXX X. XXXXXXXX
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XXXXX X. XXXXXXX
----------------------------------------
XXXXXX X. XXXX
/s/ XXXXXXX X. XXXXXX
----------------------------------------
XXXXXXX X. XXXXXX
/s/ XXXXXXX X. XXXXXXXX
----------------------------------------
XXXXXXX X. XXXXXXXX
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XXXXXXXX XXXXX
----------------------------------------
XXXXXXX XXXXXXXXXX
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XXXX XXXX
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XXXX X. XXXXXX
/s/ XXXXXX X. XXXXXX
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XXXXXX X. XXXXXX
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XXXXX XXXXX
/s/ XXXX XXXXXXXXXX
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XXXX XXXXXXXXXX
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XXXXXXXX X. XXXX
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XXXXXXXX X. XXXXXXXXX
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XXXXXXXXX XXXXXXXXXXX
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XXXXXXX XXXXXXXXXXX
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XXXXXXX XXXXXXXXXXX, XX.
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XXXXX XXXXXXXXXX
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XXXXXXX XXXXXXXXXX
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XXXXX XXXXXXXXXX
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XXXXXX XXXXXXXXXX
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XXXX XXXXXXXXXX
/s/ XXXXXXXX X. XXXXXXX
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XXXXXXXX X. XXXXXXX
/s/ XXXXXX XXXXX
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XXXXXX XXXXX
/s/ XXXX XXXXXX
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XXXX XXXXXX
/s/ XXXX X. XXXXX
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XXXX X. XXXXX
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/s/ XXXXXX X. XXXXXX
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XXXXXX X. XXXXXX
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XXX XXXXXX
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XXXXX XXXX
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/s/ XXXX XXXXXXXXX
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XXXX XXXXXXXXX
/s/ XXXXXX MONEY
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XXXXXX MONEY
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XXXXXXX XXXXXX AS CUSTODIAN FOR
XXXXXXX X. XXXXXX
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XXXXXXX XXXXXX AS CUSTODIAN FOR
XXXXXX X. XXXXXX
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XXXXXXXX X. DEL XXXXXX
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XXXXX X. AND XXXXX X. XXXX
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XXXXXX XXXXXXXXX
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XXXXXX XXXXX
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XXXX XXXXX
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XXXXX XXXXXX
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XXXX XXXXXX
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XXXXX XXXXXX
XXXXXX XXXX XXXXX TRUST
By: /s/ XXXX XXXXXXXX, TRUSTEE
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TESS XXXXXXXXX XXXXX TRUST
By: /s/ XXXX XXXXXXXX TRUSTEE
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XXXXXX XXXXXXXXXX
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XXXXX XXXXXXX
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W. XXXXX XXXX
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XXXXXX XXXX
/s/ XXXXXX XXXXX
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XXXXXX XXXXX
/s/ XXXX XXXXXX
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XXXX XXXXXX
/s/ XXXXXXX XXXXXXXXX
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XXXXXXX XXXXXXXXX
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XXXXX XXX
THE XXXX FAMILY TRUST
By: /s/ XXXX XXXXXXXXXXX
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as Trustee
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Print Name: Xxxx Xxxxxxxxxxx
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