Exhibit 10.22
EXECUTION COPY
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VOTING AGREEMENT
THIS VOTING AGREEMENT (this "Agreement") is made and entered into as of
November 20, 1999, among Efficient Networks, Inc., a Delaware corporation (the
"Purchaser"), Cabletron Systems, Inc., a Delaware corporation ("Parent") and the
undersigned stockholder and/or option holder (the "Stockholder") of Purchaser.
RECITALS
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A. The Purchaser, Merger Sub (as defined below), Parent and Flowpoint
Corporation, a California corporation and a wholly-owned subsidiary of Parent
(the "Company"), concurrently with entering into this Agreement, are entering
into an Agreement and Plan of Reorganization (the "Reorganization Agreement"),
which provides for the merger (the "Merger") of the Company with and into Fire
Acquisition Corporation, a California corporation and a wholly-owned subsidiary
of Parent ("Merger Sub"). Pursuant to the Merger, all outstanding capital stock
of the Company shall be converted into the right to receive shares of Common
Stock of Purchaser and shares of Series A Non-Voting Convertible Preferred Stock
having the terms set forth in the Certificate of Designation attached hereto as
Exhibit A (the "Preferred Stock" and the "Certificate"), as set forth in the
---------
Reorganization Agreement;
B. Stockholder is the beneficial owner (as defined in Rule 13d-3 under
the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of such
number of shares of the outstanding capital stock of the Purchaser and shares
subject to outstanding options and warrants as is indicated on the signature
page of this Agreement;
C. It is a condition to Parent's willingness to enter into the
Reorganization Agreement and consummate the Merger that Stockholder enter into
and deliver this Agreement; and
D. In order to induce Parent to enter into the Reorganization Agreement,
Stockholder (in his or her capacity as such), as a major stockholder of
Purchaser, agrees to vote the Shares (as defined below) and other such shares of
capital stock of the Purchaser over which Stockholder has voting power so as to
facilitate the conversion of the Preferred Stock into shares of Common Stock of
the Purchaser on or before the Expiration Date.
NOW, THEREFORE, intending to be legally bound, the parties hereto agree as
follows:
1. Certain Definitions. Capitalized terms not defined herein shall have
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the meanings ascribed to them in the Reorganization Agreement. For purposes of
this Agreement:
(a) "Expiration Date" shall mean the earlier of the date and time on
which the Preferred Stock shall have been converted into shares of Common Stock
or termination of the Reorganization Agreement.
(b) "Person" shall mean any (i) individual, (ii) corporation, limited
liability company, partnership or other entity, or (iii) governmental authority.
(c) "Shares" shall mean: (i) all securities of the Purchaser
(including all shares of Purchaser Common Stock and all options, warrants and
other rights to acquire shares of Purchaser Common Stock) owned by Stockholder
as of the date of this Agreement; and (ii) all additional securities of the
Purchaser (including all additional shares of Purchaser Common Stock and all
additional options, warrants and other rights to acquire shares of Purchaser
Common Stock) of which Stockholder acquires ownership during the period from the
date of this Agreement through the Expiration Date.
(d) Transfer. A Person shall be deemed to have effected a "Transfer"
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of a security if such person directly or indirectly: (i) sells, pledges,
encumbers, grants an option with respect to, transfers or disposes of such
security or any interest in such security; or (ii) enters into an agreement or
commitment providing for the sale of, pledge of, encumbrance of, grant of an
option with respect to, transfer of or disposition of such security or any
interest therein.
2. Transfer of Shares.
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(a) Transferee of Shares to be Bound by this Agreement. Stockholder
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agrees that, during the period from the date of this Agreement through the
Expiration Date, Stockholder shall not cause or permit any Transfer of any of
the Shares to be effected unless each Person to which any of such Shares, or any
interest in any of such Shares, is or may be transferred shall have: (a)
executed a counterpart of this Agreement and a proxy in the form attached hereto
as Exhibit B (with such modifications as Purchaser may reasonably request); and
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(b) agreed in writing to hold such Shares (or interest in such Shares) subject
to all of the terms and provisions of this Agreement.
(b) Transfer of Voting Rights. Stockholder agrees that, during the
-------------------------
period from the date of this Agreement through the Expiration Date, Stockholder
shall not deposit (or permit the deposit of) any Shares in a voting trust or
grant any proxy or enter into any voting agreement or similar agreement in
contravention of the obligations of Stockholder under this Agreement with
respect to any of the Shares.
3. Agreement to Vote Shares. At every meeting of the stockholders of the
------------------------
Purchaser called, and at every adjournment thereof, and on every action or
approval by written consent of the stockholders of the Purchaser, Stockholder
(in his or her capacity as such) shall cause the Shares to be voted in favor of
consummation of any of the matters contemplated by the Reorganization Agreement
with respect to which Stockholder may be entitled to vote and conversion of the
Preferred Stock into shares of Purchaser Common Stock as contemplated by the
Reorganization Agreement and pursuant to the Certificate.
4. Irrevocable Proxy. Concurrently with the execution of this Agreement,
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Stockholder agrees to deliver to Purchaser a proxy in the form attached hereto
as Exhibit B (the "Proxy"), which shall be irrevocable to the fullest extent
---------
permissible by law, with respect to the Shares.
5. Representations and Warranties of the Stockholder. (a) Stockholder (i)
-------------------------------------------------
is the beneficial owner of the shares of Purchaser Common Stock and the options
and warrants to purchase shares of
Common Stock of the Purchaser indicated on the final page of this Agreement,
free and clear of any liens, claims, options, rights of first refusal, co-sale
rights, charges or other encumbrances; (ii) does not beneficially own any
securities of the Purchaser other than the shares of Purchaser Common Stock and
options and warrants to purchase shares of Common Stock of the Purchaser
indicated on the final page of this Agreement; and (iii) has full power and
authority to make, enter into and carry out the terms of this Agreement and the
Proxy.
6. Additional Documents. Stockholder (in his or her capacity as such)
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hereby covenants and agrees to execute and deliver any additional documents, and
to take additional actions, necessary or desirable, in the reasonable opinion of
Purchaser or Parent, to carry out the intent of this Agreement.
7. Consent and Waiver. Stockholder (not in his capacity as a director or
------------------
officer of the Purchaser) hereby gives any consents or waivers that are
reasonably required for the conversion of the Preferred Stock into shares of
Purchaser Common Stock as set forth in the Reorganization Agreement under the
terms of any agreements to which Stockholder is a party or pursuant to any
rights Stockholder may have.
8. Legending of Shares. If so requested by Purchaser, Stockholder agrees
-------------------
that the Shares shall bear a legend stating that they are subject to this
Agreement and to an irrevocable proxy. Subject to the terms of Section 2 hereof,
Stockholder agrees that Stockholder shall not Transfer the Shares without first
having the aforementioned legend affixed to the certificates representing the
Shares.
9. Termination. This Agreement shall terminate and shall have no further
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force or effect as of the Expiration Date.
10. Miscellaneous.
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(a) Severability. If any term, provision, covenant or restriction of
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this Agreement is held by a court of competent jurisdiction to be invalid, void
or unenforceable, then the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.
(b) Binding Effect and Assignment. This Agreement and all of the
-----------------------------
provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns, but, except as
otherwise specifically provided herein, neither this Agreement nor any of the
rights, interests or obligations of the parties hereto may be assigned by either
of the parties without prior written consent of the other.
(c) Amendments and Modification. This Agreement may not be modified,
---------------------------
amended, altered or supplemented except upon the execution and delivery of a
written agreement executed by the parties hereto.
(d) Specific Performance; Injunctive Relief. The parties hereto
---------------------------------------
acknowledge that Purchaser shall be irreparably harmed and that there shall be
no adequate remedy at law for a violation of any of the covenants or agreements
of Stockholder set forth herein. Therefore, it is agreed that, in addition to
any other remedies that may be available to Purchaser upon any such violation,
Purchaser
shall have the right to enforce such covenants and agreements by specific
performance, injunctive relief or by any other means available to Purchaser at
law or in equity.
(e) Notices. All notices and other communications pursuant to this
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Agreement shall be in writing and deemed to be sufficient if contained in a
written instrument and shall be deemed given if delivered personally,
telecopied, sent by nationally-recognized overnight courier or mailed by
registered or certified mail (return receipt requested), postage prepaid, to the
parties at the following address (or at such other address for a party as shall
be specified by like notice):
If to Purchaser: Efficient Networks, Inc.
0000 Xxxxxx Xxxxxx Xxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Attention: Xxxx Xxxxxxx
Telecopy No.: (000) 000-0000
With a copy to: Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx
Professional Corporation
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, Xxxxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxx, Esq.
Xxxxxxx X. Xxxxxxx, Esq.
Telecopy No.: (000) 000-0000
If to Parent: Cabletron Systems, Inc.
___________________________________
___________________________________
Attention:
Telecopy No.
With a copy to: Ropes & Xxxx
Xxx Xxxxxxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Attention: Xxxxx X. Fine, Esq.
Telephone No.: (000) 000-0000
Telecopy No.: (000) 000-0000
If to Stockholder: To the address for notice set forth on the
signature page hereof.
(f) Governing Law. This Agreement shall be governed by the laws of
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the State of Delaware, without reference to rules of conflicts of law.
(g) Entire Agreement. This Agreement and the Proxy contain the entire
----------------
understanding of the parties in respect of the subject matter hereof, and
supersede all prior negotiations and understandings between the parties with
respect to such subject matter.
(h) Effect of Headings. The section headings are for convenience only
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and shall not affect the construction or interpretation of this Agreement.
(i) Counterparts. This Agreement may be executed in several
------------
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same agreement.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: /s/ Xxxx Xxxxx By:
---------------------------------- -----------------------------
Signature of Authorized Signatory Signature
Name: Xxxx Xxxxx Name:
-------------------------------- ---------------------------
Title: Chief Executive Officer Title:
------------------------------- --------------------------
--------------------------------
Print Address
--------------------------------
Telephone
--------------------------------
Facsimile No.
Shares beneficially owned:
shares of Purchaser Common Stock
----
shares of Purchaser Common Stock
----
issuable upon exercise of
outstanding options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
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[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxx Xxxxx
------------------------------ -----------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxx Xxxxx
---------------------------- ---------------------------------
Title: Title:
--------------------------- --------------------------------
0000 Xxxxxx Xxxxxx Xxxx, Xxxxx 0000
-------------------------------------
Xxxxxx, Xxxxx 00000
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Print Address
000-000-0000
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Telephone
000-000-0000
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Facsimile No.
Shares beneficially owned:
1,548,958 shares of Purchaser Common Stock
---------
shares of Purchaser Common Stock
---------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------- -------------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxxxx X. Xxxxxxxxx
----------------------------- ------------------------------------
Title: Title: E.V.P., Corporate Development
---------------------------- -----------------------------------
Covad Communications Group, Inc.
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0000 Xxxxxxx Xxxxxxxxxx
-----------------------------------------
Xxxxx Xxxxx, XX 00000
-----------------------------------------
Print Address
(000) 000-0000
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Telephone
(000) 000-0000
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Facsimile No.
Shares beneficially owned:
497,663 shares of Purchaser Common Stock
--------
shares of Purchaser Common Stock
--------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxxxx Sengei
--------------------------------- ---------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxxxx Sengei
------------------------------- -------------------------------
Title: Title: General Partner, Enterprise
------------------------------ ------------------------------
Partners
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0000 XxxxXxx Xxx., Xxxxx 000
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Xx Xxxxx, XX 00000
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Print Address
000-000-0000
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Telephone
000-000-0000
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Facsimile No.
Shares beneficially owned:
3,821,374 shares of Purchaser Common
---------
Stock
shares of Purchaser Common Stock
-------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
----------------------------------
Signature of Authorized Signatory
Name:
--------------------------------
Title:
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[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
MENLO VENTURES VI, L.P.
By: By: /s/ General Partner
--------------------------------- -----------------------------------
Signature of Authorized Signatory Signature
Name: Name: MV Management VI LP
------------------------------- ---------------------------------
Title: Title: General Partner, Menlo Ventures
------------------------------ --------------------------------
VI, LP
--------------------------------
0000 Xxxx Xxxx Xxxx, #0-000
--------------------------------------
Xxxxx Xxxx, XX 00000
--------------------------------------
Print Address
650-854-8540
--------------------------------------
Telephone
000-000-0000
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Facsimile No.
Shares beneficially owned:
2,013,011 shares of Purchaser Common
----------
Stock
shares of Purchaser Common Stock
--------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
MENLO ENTREPRENEURS FUND VI, L.P.
By: By: /s/ General Partner
--------------------------------- ----------------------------------
Signature of Authorized Signatory Signature
Name: Name: MV Management VI, LP
------------------------------- --------------------------------
Title: Title: General Partner
------------------------------ -------------------------------
Menlo Entrepreneurs Fund VI, LP
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0000 Xxxx Xxxx Xxxx, #4-100
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Xxxxx Xxxx, XX 00000
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Print Address
650-854-8540
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Telephone
000-000-0000
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Facsimile No.
Shares beneficially owned:
30,199 shares of Purchaser Common Stock
------
shares of Purchaser Common Stock
------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
----------------------------------
Signature of Authorized Signatory
Name:
--------------------------------
Title:
-------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxx Xxxxx
--------------------------------- ----------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxx Xxxxx/Ocean Park Ventures
------------------------------- --------------------------------
Title: Title: General Partner
------------------------------ -------------------------------
-------------------------------------
-------------------------------------
Print Address
-------------------------------------
Telephone
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Facsimile No.
Shares beneficially owned:
1,273,803 shares of Purchaser Common
---------
Stock
shares of Purchaser Common Stock
-------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxx Xxxxx
--------------------------------- ----------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxx Xxxxx/Palomar Ventures
------------------------------- --------------------------------
Title: Title: General Partner
------------------------------ -------------------------------
-------------------------------------
-------------------------------------
Print Address
-------------------------------------
Telephone
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Facsimile No.
Shares beneficially owned:
684,931 shares of Purchaser Common Stock
-------
shares of Purchaser Common Stock
-------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
----------------------------------
Signature of Authorized Signatory
Name:
--------------------------------
Title:
-------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxxxx X. Xxxx
--------------------------------- ----------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxxxx X. Xxxx
------------------------------- --------------------------------
Title: Title: General Partner/Crosspoint
------------------------------ -------------------------------
Venture Partners
-------------------------------
-------------------------------------
-------------------------------------
Print Address
-------------------------------------
Telephone
-------------------------------------
Facsimile No.
Shares beneficially owned:
5,116,619 shares of Purchaser Common
---------
Stock
shares of Purchaser Common Stock
-------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
---------------------------------
Signature of Authorized Signatory
Name:
-------------------------------
Title:
------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxxxxx Xxxxx
--------------------------------- ------------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxxxxx Xxxxx
------------------------------- ----------------------------------
Title: Title: Siemens AG, Member Executive
------------------------------ ---------------------------------
Board
---------------------------------
Xxxxxxx Xxx. 00
---------------------------------------
00000 Xxxxxxx, Xxxxxxx
---------------------------------------
Print Address
x00 00 000 00000
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Telephone
x00 00 000 00000
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Facsimile No.
Shares beneficially owned:
3,716,800 shares of Purchaser Common
----------
Stock
shares of Purchaser Common Stock
--------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
-----------------------------------
Signature of Authorized Signatory
Name:
---------------------------------
Title:
--------------------------------
[Signature Page to Voting Agreement]
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.
EFFICIENT NETWORKS, INC. STOCKHOLDER
By: By: /s/ Xxxxxx X. Xxxx
--------------------------------- ------------------------------------
Signature of Authorized Signatory Signature
Name: Name: Xxxxxx X. Xxxx
------------------------------- ----------------------------------
Title: Title: Director
------------------------------ ---------------------------------
0000 X. Xxxxxx Xxxxxx
---------------------------------------
Xxxxxx, XX 00000
---------------------------------------
Print Address
000-000-0000
---------------------------------------
Telephone
000-000-0000
---------------------------------------
Facsimile No.
Shares beneficially owned:
150,000 shares of Purchaser Common Stock
-------
shares of Purchaser Common Stock
-------
issuable upon exercise of outstanding
options or warrants
CABLETRON SYSTEMS, INC.
By:
------------------------------------
Signature of Authorized Signatory
Name:
----------------------------------
Title:
---------------------------------
[Signature Page to Voting Agreement]
IRREVOCABLE PROXY
The undersigned stockholder of Efficient Networks, Inc., a Delaware
corporation (the "Purchaser"), hereby irrevocably (to the fullest extent
permitted by law) appoints Purchaser as the sole and exclusive attorneys and
proxies of the undersigned, with full power of substitution and resubstitution,
to vote and exercise all voting and related rights (to the full extent that the
undersigned is entitled to do so) with respect to all of the shares of capital
stock of the Purchaser that now are or hereafter may be beneficially owned by
the undersigned, and any and all other shares or securities of the Purchaser
issued or issuable in respect thereof on or after the date hereof (collectively,
the "Shares") in accordance with the terms of this Proxy. The Shares
beneficially owned by the undersigned stockholder of the Purchaser as of the
date of this Proxy are listed on the final page of this Proxy. Upon the
undersigned's execution of this Proxy, any and all prior proxies given by the
undersigned with respect to any Shares are hereby revoked and the undersigned
agrees not to grant any subsequent proxies with respect to the Shares until
after the Expiration Date (as defined below).
This Proxy is irrevocable (to the fullest extent permitted by law), is
coupled with an interest and is granted pursuant to that certain voting
agreement of even date herewith by and among Purchaser and the undersigned
stockholder (the "Voting Agreement"), and is granted in connection with the
Purchaser and Parent entering into that certain Agreement and Plan of
Reorganization (the "Reorganization Agreement"), among Purchaser, Fire
Acquisition Corporation, a California corporation and a wholly-owned subsidiary
of Purchaser ("Merger Sub"), Cabletron Systems, Inc., a Delaware corporation
("Parent") and Flowpoint Corporation, a California corporation and a wholly-
owned subsidiary of Parent. The Reorganization Agreement provides for the
merger of the Company with and into Merger Sub in accordance with its terms (the
"Merger"). As used herein, the term "Expiration Date" means the date and time
on which the Series A Non-Voting Convertible Preferred Stock (the "Preferred
Stock") shall have been converted into shares of Purchaser Common Stock or the
Reorganization Agreement shall have been terminated.
The attorneys and proxies named above, and each of them, are hereby
authorized and empowered by the undersigned, at any time prior to the Expiration
Date, to act as the undersigned's attorney and proxy to vote the Shares, and to
exercise all voting, consent and similar rights of the undersigned with respect
to the Shares (including, without limitation, the power to execute and deliver
written consents and call a special meeting of stockholders) at every annual,
special or adjourned meeting of stockholders of the Purchaser and in every
written consent in lieu of such meeting in favor of approval of the Merger and
conversion of the Preferred Stock into Purchaser Common Stock as contemplated by
the Reorganization Agreement.
The attorneys and proxies named above may not exercise this Proxy on any
other matter except as provided above. The undersigned stockholder may vote the
Shares on all other matters.
Any obligation of the undersigned hereunder shall be binding upon the
successors and assigns of the undersigned.
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically
upon the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxx Xxxxx
------------------------
Print Name of Stockholder: Xxxx Xxxxx
------------------------
Shares beneficially owned: 1,548,958
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxxxx X. Xxxxxxxxx
----------------------------
Print Name of Stockholder: Covad Communications
----------------------------
Shares beneficially owned:
497,663 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxxxx Sengei
------------------------
Print Name of Stockholder: Enterprise Partners
------------------------
Shares beneficially owned:
3,821,374 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
MENLO ENTREPRENEURS FUND VI, L.P.
By: MV Management VI, L.P.
It's General Partner
By: /s/ General Partner
----------------------
Shares beneficially owned:
30,199 shares of the Purchaser Common Stock
---------
shares of the Purchaser Common Stock
---------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
MENLO ENTREPRENEURS FUND VI, L.P.
By: MV Management VI, L.P.
It's General Partner
By: /s/ General Partner
-----------------------
Shares beneficially owned:
2,013,011 shares of the Purchaser Common Stock
------------
shares of the Purchaser Common Stock
------------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxx Xxxxx
-------------------------
Print Name of Stockholder: Ocean Park Ventures
-------------------------
Shares beneficially owned:
1,273,803 shares of the Purchaser Common Stock
-------------
shares of the Purchaser Common Stock
-------------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxx Xxxxx
-----------------------
Print Name of Stockholder: Palomar Ventures
-----------------------
Shares beneficially owned:
684,931 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxxxx X. Xxxx, General Partner
---------------------------------------
Print Name of Stockholder: Crosspoint Venture Partners
--------------------------------------
Shares beneficially owned:
5,116,619 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxxxxx Xxxxx
--------------------------
Print Name of Stockholder: Siemens AG
--------------------------
Shares beneficially owned:
3,716,800 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
This Proxy is irrevocable (to the fullest extent permitted by law). This
Proxy shall terminate, and be of no further force and effect, automatically upon
the Expiration Date.
Dated: November 19, 1999
Signature of Stockholder: /s/ Xxxxxx X. Xxxx
-------------------------
Print Name of Stockholder: Xxxxxx X. Xxxx
-------------------------
Shares beneficially owned:
150,000 shares of the Purchaser Common Stock
-----------
shares of the Purchaser Common Stock
-----------
issuable upon exercise of outstanding options or
warrants
[Signature Page to Irrevocable Proxy]
