EXHIBIT 4.4
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EQUITY REGISTRATION RIGHTS JOINDER AGREEMENT
among
DEUTSCHE BANK SECURITIES INC..,
and
TORONTO DOMINION (TEXAS), INC.,
as the Beneficiaries,
FIBERNET TELECOM GROUP, INC.,
as the Borrower,
and
SIGNAL EQUITY PARTNERS, L.P.
Majority in Interest
DATED AS OF APRIL 11, 2000
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TABLE OF CONTENTS
ARTICLE I. Joinder................................................................. 2
ARTICLE II. Representations And Warranties......................................... 2
Section 2.1 Organization.................................................... 3
Section 2.2 Due Authorization; Enforceability............................... 3
Section 2.3 Consents........................................................ 3
Section 2.4 No Conflict, Etc................................................ 3
ARTICLE III. Miscellaneous......................................................... 4
Section 3.1 Additional Actions and Documents................................ 4
Section 3.2 Notices......................................................... 4
Section 3.3 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. 5
Section 3.4 Benefit......................................................... 5
Section 3.5 Amendment....................................................... 5
Section 3.6 Headings........................................................ 5
Section 3.7 Severability.................................................... 6
Section 3.8 Counterparts.................................................... 6
i
This JOINDER AGREEMENT (as amended, amended and restated, supplemented or
otherwise modified from time to time, this "Agreement"), dated as of April 11,
2000, is entered into by and among DEUTSCHE BANK SECURITIES INC.., and TORONTO
DOMINION (TEXAS), INC. (individually, a "Beneficiary" and, collectively, the
"Beneficiaries"), FIBERNET TELECOM GROUP, INC., a Delaware corporation (the
"Borrower"), and SIGNAL EQUITY PARTNERS, L.P., as Majority in Interest (the
"Stockholder").
RECITALS
--------
A. Pursuant to that certain Warrant Agreement, dated as of April 11, 2000
(as amended, amended and restated, supplemented or otherwise modified from time
to time, the "Warrant Agreement"), among the Beneficiaries and the Borrower, the
Beneficiaries have the right to purchase or otherwise acquire shares of Common
Stock (as defined in the Warrant Agreement) of the Borrower;
B. It is in the best interests of the Borrower, the Stockholder and the
Beneficiaries to set forth the rights of the Beneficiaries in connection with
public offerings and sales of the Common Stock of the Borrower; and
C. Each of the parties hereto has duly authorized the execution, delivery
and performance of this Agreement.
AGREEMENT
---------
NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:
ARTICLE I.
JOINDER.
Each of the Beneficiaries hereby acknowledges, and each of the Borrower and
the Stockholder agrees and confirms that, by its execution of this Agreement,
each of the Beneficiaries will be deemed to be a party to that certain
Registration Rights Agreement, dated as of May 7, 1999 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the
"Registration Rights Agreement") by and among the Borrower and certain
stockholders listed therein, and, from and after the date hereof, shall have all
of the rights applicable to any Purchaser (as defined in the Registration Rights
Agreement) thereunder as if each such Beneficiary had executed the Registration
Rights Agreement. Each of the Beneficiaries hereby ratifies, as of the date
hereof, and agrees to be bound by, all of the terms, obligations, provisions and
conditions applicable to the Purchasers contained in the Registration Rights
Agreement.
ARTICLE II.
REPRESENTATIONS AND WARRANTIES.
The Borrower and the Stockholder represent and warrant to each of the
Beneficiaries, as of the date hereof, as follows:
Section 2.1 Organization.
-------------
The Borrower is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware, has full corporate power and
authority to conduct and to transact the business in which it is now engaged and
proposes to be engaged and to execute and deliver this Agreement and the
Registration Rights Agreement. The Borrower is qualified or licensed as a
foreign corporation in all jurisdictions where the nature and extent of its
business requires such qualification or license, except where the failure to be
so qualified could not reasonably be expected to have a material adverse effect
on the Borrower's ability to perform its obligations hereunder or on any of the
Beneficiary's ability to enforce and enjoy its rights hereunder.
Section 2.2 Due Authorization; Enforceability.
---------------------------------
The execution, delivery and performance of this Agreement and the
Registration Rights Agreement have been duly authorized by all necessary action
of the Borrower and each Stockholder. This Agreement and the Registration Rights
Agreement constitute duly authorized, legally valid and binding obligations of
the Borrower and the Stockholder, enforceable against the Borrower and the
Stockholder in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to
or limiting creditor's rights generally or by equitable principles relating to
enforceability, whether brought in a proceeding in equity or at law.
Section 2.3 Consents.
--------
No consent, approval or authorization of, or declaration, filing or
registration with, any governmental or regulatory authority, or any other person
or entity, is required to be made or obtained by the Borrower and the
Stockholder in connection with the execution, delivery and performance of this
Agreement, except those which have been obtained or made.
Section 2.4 No Conflict, Etc.
----------------
Neither the execution, delivery or performance of this Agreement, nor the
consummation of the transactions contemplated hereby, will result in (i) a
violation of or a conflict with any provision of the articles or certificate of
incorporation or bylaws of the Borrower, (ii) a breach of, or a default under,
any term or provision of any material contract, agreement, indebtedness, lease,
commitment, license, franchise, permit, authorization or concession to which the
Borrower is a party or to which Borrower or its assets or business is subject or
of which the Borrower has the benefit, or (iii) a violation by the Borrower of
any statute, rule, regulation, ordinance, code, order, judgment, writ,
injunction, decree or award.
Section 2.5 Stockholders.
------------
Each of the parties to the Registration Rights Agreement are listed on
Exhibit I hereto; and the registration rights granted to the Beneficiaries
directly or indirectly through this Agreement do not conflict with any other
registration rights granted by the Borrower.
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ARTICLE III.
MISCELLANEOUS
Section 3.1 Additional Actions and Documents.
--------------------------------
The Borrower agrees that at any time, and from time to time, at the expense
of the Borrower, the Borrower will promptly execute and deliver all further
instruments, and take all further action that any Beneficiary may reasonably
request, in order to perfect and protect any security interest granted or
purported to be granted hereby or to enable such Beneficiary to exercise and
enforce its rights and remedies hereunder.
Section 3.2 Notices.
-------
Any notices or other communications required or permitted hereunder shall
be effective if in writing and delivered personally or sent by overnight
courier, addressed as follows:
If to the Beneficiaries, to them at:
Deutsche Bank Securities Inc..
00 X. 00/xx/ Xxxxxx
Xxx Xxxx, XX 00000
Attn.: Xxx X. Xxxxxx
Telecopy: (000) 000-0000
Toronto Dominion (Texas), Inc.,
000 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
Attention: Xxxx Xxxxx
Telecopy: (000) 000-0000
If to the Borrower, to it at:
FiberNet Telecom Group, Inc.
000 Xxxxxxxxx Xxxxxx
0/xx/ Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn.: President
Telecopy: 000-000-0000
If to the Stockholder, to it at:
Signal Equity Partners, L.P.
Attn.: 00 Xxxx 00/xx/ Xxxxxx, 00/xx/ Xxxxx
Xxx Xxxx, X.X. 00000
Telecopy: 000-000-0000
Unless otherwise specified herein, such notices or other communications
shall be deemed
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effective (a) on the date delivered, if delivered personally, (b) one Business
Day after being delivered, if delivered by telecopier with confirmation of good
transmission, (c) one Business Day after being sent by overnight courier, if
sent by overnight courier, (d) two Business Days after being sent by Federal
Express or United Parcel Service, if sent by Federal Express or United Parcel
Service, or (e) three Business Days after being sent, if sent by registered or
certified mail. Each of the parties hereto shall be entitled to specify a
different address by giving notice as aforesaid to each of the other parties
hereto.
Section 3.3 Governing Law; Submission to Jurisdiction; Waiver of Jury
---------------------------------------------------------
Trial.
-----
THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN AND ENFORCED
IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO CONFLICTS OF LAWS PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). EACH PARTY HERETO HEREBY
SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN NEW
YORK CITY FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING
BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY
WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
Section 3.4 Benefit.
-------
This Agreement shall be binding upon, and shall inure to the benefit of,
the parties hereto and their respective successors, legal representatives and
permitted assigns. The Borrower and the Beneficiaries may only assign their
rights and obligations hereunder in connection with an assignment permitted by
Section 5.3 of the Registration Rights Agreement.
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Section 3.5 Amendment.
---------
No amendment, modification, termination or waiver of any provision of this
Agreement, or consent to any departure by any of the parties hereto therefrom,
shall be effective unless the same shall be in writing and signed by each of the
Beneficiaries, the Borrower and a Majority in Interest (as defined in the
Registration Rights Agreement) of the Purchaser and shall otherwise comply with
the provisions set forth in Section 5.7 of the Registration Rights Agreement.
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Section 3.6 Headings.
--------
Section and subsection headings contained in this Agreement are inserted
for convenience of reference only, shall not be deemed to be a part of this
Agreement for any
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purpose, and shall not in any way define or affect the meaning, construction or
scope of any of the provisions hereof.
Section 3.7 Severability.
------------
The invalidity, illegality or unenforceability in any jurisdiction of any
provision in or obligation under this Agreement shall not affect or impair the
validity, legality or enforceability of the remaining provisions or registration
rights granted under this Agreement or of such provision or obligation in any
other jurisdiction.
Section 3.8 Counterparts.
------------
This Agreement and any amendments, waivers, consents, or supplements may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all of which counterparts together shall constitute but
one and the same instrument. This Agreement shall become effective upon the
execution of a counterpart hereof by each of the parties hereto. Delivery of an
executed counterpart of a signature page to this Agreement or to any amendments,
waivers, consents or supplements hereof by telecopier shall be as effective as
delivery of a manually executed counterpart thereof.
(signature page follows)
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IN WITNESS WHEREOF, each of the parties hereto has caused this Joinder
Agreement to be duly executed by an authorized representative as of the day and
year first above written.
DEUTSCHE BANK SECURITIES INC..,
as Beneficiary
By: /s/ Xxx X. Xxxxxx
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Name: Xxx X. Xxxxxx
Title: Vice President
By: /s/ Xxxxxxxxx Xxxxxxx
-------------------------------------
Name: Xxxxxxxxx Xxxxxxx
Title: Assistant Vice President
TORONTO DOMINION (TEXAS), INC., as
Beneficiary
By: /s/ Xxxx X. Xxxxx
-------------------------------------
Name: Xxxx X. Xxxxx
Title: Vice President
[Joinder Agreement-1]
Accepted and agreed to as
of the date first above written:
FIBERNET TELECOM GROUP, INC.
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
SIGNAL EQUITY PARTNERS, L.P.,
as Majority in Interest.
By: Signal Equity Advisors, L.P.
Its: General Partner
By: Signal Equity Advisors, Inc.
Its: General Partner
By: /s/ Xxxxxxx X. Xxxxxxx
-------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President.
EXHIBIT I
FIBERNET TELECOM GROUP, INC.
STOCKHOLDERS PARTY TO THE
REGISTRATION RIGHTS AGREEMENT
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HOLDERS AGREEMENT
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Signal Equity Partners, L.P. Registration Rights Agreement; dated May 7, 1999
("Registration Rights Agreement")
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Trident Telecom Partners, LLC Registration Rights Agreement
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Concordia Telecom Management, L.L.C. Registration Rights Agreement
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Burden Direct Investment Fund III Registration Rights Agreement
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Pequot Scout Fund LP Registration Rights Agreement
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Xxxxx Xxxx Partners, L.P. Registration Rights Agreement
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Lander Offshore, Inc. Registration Rights Agreement
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Alexander Enterprise Holdings Corp. Registration Rights Agreement
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King Street Capital Ltd. Registration Rights Agreement
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King Street Capital LP Registration Rights Agreement
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Taurus Communications, Inc. Registration Rights Agreement
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SMFS, Inc. Registration Rights Agreement
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LPS Consultants, Inc. Registration Rights Agreement
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LTJ Group, Inc. Registration Rights Agreement
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Xxxxx Xxxxxxx Registration Rights Agreement
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Tishman Speyer FiberNet Investment Associates Registration Rights Agreement Joinder, dated as of
June 30, 1999
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Signal Equity Partners, L.P. Joinder Agreement to May Agreement, dated September
28, 1999 ("September Joinder Agreement)
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Exeter Capital Partners, L.P. September Joinder Agreement
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Exeter Equity Partners, L.P. September Joinder Agreement
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Waterview Partners, L.P. September Joinder Agreement
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Burden Direct Investment Fund III September Joinder Agreement
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Xxxxx Xxxx Partners, L.P. September Joinder Agreement
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HbMadison Investment Partners II, L.P. September Joinder Agreement
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Delta Opportunity Fund, L.P. September Joinder Agreement
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Overbrook Fund I, LLC September Joinder Agreement
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Xxxxxxxx X. Xxxx September Joinder Agreement
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Fiber Island, LLC September Joinder Agreement
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Xxxxxx X. Xxxxxx September Joinder Agreement
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Xxxxxx X. Xxxxxx September Joinder Agreement
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Lancer Offshore, Inc. September Joinder Agreement
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The Viator Fund, Ltd. September Joinder Agreement
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Xxxxxxx Xxxxxx September Joinder Agreement
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HOLDERS AGREEMENT
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Xxxxxxx Xxxxx September Joinder Agreement
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The Raptor Global Portfolio Ltd. September Joinder Agreement
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Prism Partners I, L.P. September Joinder Agreement
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West Plus One, L.L.C. September Joinder Agreement
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Xxxxxx Xxxxxxxxx September Joinder Agreement
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Trident Telecom Partners LLC September Joinder Agreement
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Pacer International, Inc. Option Agreement dated as of October 1, 1999
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Metromedia Fiber Networks Services, Inc. Exchange and Registration Rights Agreement; dated
December 17, 1999
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