FLUIDIGM CORPORATION NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT November 16, 2009
Exhibit 4.5
EXECUTION COPY
FLUIDIGM CORPORATION
NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
NovemberΒ 16, 2009
TABLE OF CONTENTS
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SECTION 1 Restrictions on Transferability; Registration Rights | Β Β | Β | 1 | Β Β | ||||
Β | 1.1 | Β Β | Β Β Β Β Certain Definitions | Β Β | Β | 1 | Β Β | |
Β | 1.2 | Β Β | Β Β Β Β Restrictions | Β Β | Β | 4 | Β Β | |
Β | 1.3 | Β Β | Β Β Β Β Restrictive Legend | Β Β | Β | 5 | Β Β | |
Β | 1.4 | Β Β | Β Β Β Β Notice of Proposed Transfers | Β Β | Β | 5 | Β Β | |
Β | 1.5 | Β Β | Β Β Β Β Requested Registration | Β Β | Β | 6 | Β Β | |
Β | 1.6 | Β Β | Β Β Β Β Company Registration | Β Β | Β | 7 | Β Β | |
Β | 1.7 | Β Β | Β Β Β Β Registration on Form S-3 | Β Β | Β | 9 | Β Β | |
Β | 1.8 | Β Β | Β Β Β Β Expenses of Registration | Β Β | Β | 10 | Β Β | |
Β | 1.9 | Β Β | Β Β Β Β Registration Procedures | Β Β | Β | 10 | Β Β | |
Β | 1.10 | Β Β | Β Β Β Β Indemnification | Β Β | Β | 12 | Β Β | |
Β | 1.11 | Β Β | Β Β Β Β Information by Holder | Β Β | Β | 14 | Β Β | |
Β | 1.12 | Β Β | Β Β Β Β Reports Under Securities Exchange Act of 1934 | Β Β | Β | 14 | Β Β | |
Β | 1.13 | Β Β | Β Β Β Β Transfer of Registration Rights | Β Β | Β | 15 | Β Β | |
Β | 1.14 | Β Β | Β Β Β Β Standoff Agreement | Β Β | Β | 15 | Β Β | |
Β | 1.15 | Β Β | Β Β Β Β Termination of Rights | Β Β | Β | 16 | Β Β | |
Β | 1.16 | Β Β | Β Β Β Β Limitations on Subsequent Registration Rights | Β Β | Β | 16 | Β Β | |
SECTION 2 Affirmative Covenants of the Company | Β Β | Β | 16 | Β Β | ||||
Β | 2.1 | Β Β | Β Β Β Β Delivery of Financial Statements | Β Β | Β | 16 | Β Β | |
Β | 2.2 | Β Β | Β Β Β Β Additional Information Rights | Β Β | Β | 17 | Β Β | |
Β | 2.3 | Β Β | Β Β Β Β Confidentiality | Β Β | Β | 18 | Β Β | |
Β | 2.4 | Β Β | Β Β Β Β Visitation Rights | Β Β | Β | 18 | Β Β | |
Β | 2.5 | Β Β | Β Β Β Β Stock Option Vesting | Β Β | Β | 18 | Β Β | |
Β | 2.6 | Β Β | Β Β Β Β Insurance | Β Β | Β | 19 | Β Β | |
Β | 2.7 | Β Β | Β Β Β Β Proprietary Information Agreements | Β Β | Β | 19 | Β Β | |
Β | 2.8 | Β Β | Β Β Β Β Invention Assignments | Β Β | Β | 19 | Β Β | |
Β | 2.9 | Β Β | Β Β Β Β Key-Man Life Insurance | Β Β | Β | 19 | Β Β | |
Β | 2.10 | Β Β | Β Β Β Β Compliance with Laws | Β Β | Β | 19 | Β Β | |
Β | 2.11 | Β Β | Β Β Β Β Termination of Covenants | Β Β | Β | 19 | Β Β | |
SECTION 3 Right of First Offer For Company Securities | Β Β | Β | 19 | Β Β | ||||
Β | 3.1 | Β Β | Β Β Β Β Right of First Offer | Β Β | Β | 19 | Β Β | |
Β | 3.2 | Β Β | Β Β Β Β Sale of Securities by Company | Β Β | Β | 20 | Β Β | |
Β | 3.3 | Β Β | Β Β Β Β Offer Amount | Β Β | Β | 20 | Β Β | |
Β | 3.4 | Β Β | Β Β Β Β Financing | Β Β | Β | 20 | Β Β | |
Β | 3.5 | Β Β | Β Β Β Β Termination of Right of First Offer | Β Β | Β | 21 | Β Β | |
SECTION 4 Right of First Offer with Respect to Founder Shares | Β Β | Β | 21 | Β Β | ||||
Β | 4.1 | Β Β | Β Β Β Β Notice of Sales | Β Β | Β | 21 | Β Β | |
Β | 4.2 | Β Β | Β Β Β Β Purchase Right | Β Β | Β | 21 | Β Β |
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TABLE OF CONTENTS
(continued)
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Β | 4.3 | Β Β | Β Β Β Β Sale of Securities by Founder | Β Β | Β | 22 | Β Β | |
Β | 4.4 | Β Β | Β Β Β Β Termination and Transfer | Β Β | Β | 23 | Β Β | |
Β | 4.5 | Β Β | Β Β Β Β Prohibited Transfer | Β Β | Β | 23 | Β Β | |
SECTION 5 Right of Co-Sale | Β Β | Β | 23 | Β Β | ||||
Β | 5.1 | Β Β | Β Β Β Β Notice of Sales | Β Β | Β | 23 | Β Β | |
Β | 5.2 | Β Β | Β Β Β Β Participation Right | Β Β | Β | 23 | Β Β | |
Β | 5.3 | Β Β | Β Β Β Β Sale of Securities by Founder | Β Β | Β | 25 | Β Β | |
Β | 5.4 | Β Β | Β Β Β Β Termination and Transfer | Β Β | Β | 25 | Β Β | |
Β | 5.5 | Β Β | Β Β Β Β Prohibited Transfers | Β Β | Β | 25 | Β Β | |
SECTION 6 Miscellaneous | Β Β | Β | 26 | Β Β | ||||
Β | 6.1 | Β Β | Β Β Β Β Governing Law; Jurisdiction | Β Β | Β | 26 | Β Β | |
Β | 6.2 | Β Β | Β Β Β Β Successors and Assigns | Β Β | Β | 27 | Β Β | |
Β | 6.3 | Β Β | Β Β Β Β Notices, Etc | Β Β | Β | 27 | Β Β | |
Β | 6.4 | Β Β | Β Β Β Β Delays or Omissions | Β Β | Β | 27 | Β Β | |
Β | 6.5 | Β Β | Β Β Β Β Third Parties | Β Β | Β | 27 | Β Β | |
Β | 6.6 | Β Β | Β Β Β Β Severability | Β Β | Β | 27 | Β Β | |
Β | 6.7 | Β Β | Β Β Β Β Amendment and Waiver | Β Β | Β | 28 | Β Β | |
Β | 6.8 | Β Β | Β Β Β Β Rights of Holders | Β Β | Β | 28 | Β Β | |
Β | 6.9 | Β Β | Β Β Β Β Counterparts | Β Β | Β | 28 | Β Β | |
Β | 6.10 | Β Β | Β Β Β Β Titles and Subtitles | Β Β | Β | 28 | Β Β | |
Β | 6.11 | Β Β | Β Β Β Β Amendment and Restatement of Prior Agreement | Β Β | Β | 28 | Β Β | |
Β | 6.12 | Β Β | Β Β Β Β Waiver of Right of First Offer | Β Β | Β | 29 | Β Β | |
Β | 6.13 | Β Β | Β Β Β Β Aggregation of Stock | Β Β | Β | 29 | Β Β | |
Β | 6.14 | Β Β | Β Β Β Β Jury Trial | Β Β | Β | 29 | Β Β |
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NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
THIS NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT (thisΒ βAgreementβ) is entered into as of NovemberΒ 16, 2009 by and among Fluidigm Corporation, a Delaware corporation (the βCompanyβ), the persons set forth on ExhibitΒ A hereto (the βNew Investorsβ), the persons set forth on the Schedule of Founders attached hereto as ExhibitΒ B (the βFoundersβ), and the persons set forth on ExhibitΒ C hereto (the βPrior Investorsβ). The Prior Investors and the New Investors are referred to herein collectively as the βInvestors.β
RECITALS
WHEREAS, the Company and the New Investors have entered into a Series E Preferred Stock Purchase Agreement of even date herewith, as amended from time to time (such agreement, as amended from time to time, the β2009 Purchase Agreementβ), pursuant to which the Company shall sell, and the New Investors shall acquire, shares of the Companyβs Series E Preferred Stock;
WHEREAS, the Company has granted certain registration rights and other rights to the Founders and the Prior Investors pursuant to that certain Eighth Amended and Restated Investor Rights Agreement dated JuneΒ 13, 2006, as amended DecemberΒ 22, 2006, as further amended OctoberΒ 10, 2007, and as further amended SeptemberΒ 15, 2008 (the βPrior Agreementβ); and
WHEREAS, as an inducement to the New Investors to purchase shares of the Companyβs Series E Preferred Stock pursuant to the 2009 Purchase Agreement, the Company, the Prior Investors and the Founders desire to amend and restate the Prior Agreement to allow the New Investors to become a party to this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth, the parties agree as follows:
SECTION 1
Restrictions on Transferability; Registration Rights
1.1Β Β Β Β CertainΒ Definitions.Β Β As used in this Agreement, the following terms shall have the following meanings:
βAffiliateβ shall have the meaning set forth in Rule 405 of the Securities Act; provided that the definition of βAffiliateβ shall also include (i)Β any general partner, officer or director of such person, (ii)Β any private equity or venture capital fund now or hereafter existing (a βFundβ) for which such person or an Affiliate of such person is a general partner or management company, and (iii)Β if such person is a Fund, any other Fund that is directly or indirectly controlled by or under common control with one or more general partners of such person, or that shares the same management company with such person or an Affiliated management company.
βCommissionβ shall mean the Securities and Exchange Commission or any other federal agency at the time administering the Securities Act.
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βEligible Securitiesβ shall mean (i)Β the SeriesΒ A Preferred Stock issued pursuant to the Series A Preferred Stock Purchase Agreement dated DecemberΒ 1, 1999; (ii)Β the SeriesΒ B Preferred Stock issued pursuant to the SeriesΒ B Preferred Stock Purchase Agreement dated JulyΒ 5, 2000; (iii)Β the SeriesΒ C Preferred Stock issued pursuant to the SeriesΒ C Preferred Stock Purchase Agreement dated OctoberΒ 23, 2001; (iv)Β the SeriesΒ C Preferred Stock issued pursuant to the Series C Preferred Stock Purchase Agreement dated NovemberΒ 1, 2002; (v)Β the Series C Preferred Stock issued pursuant to the Series C Preferred Stock and Warrant Purchase Agreement dated SeptemberΒ 22, 2003; (vi)Β the Series D Preferred Stock issued pursuant to the Series D Preferred Stock Purchase Agreement dated DecemberΒ 18, 2003; (vii)Β the Series D Preferred Stock issued pursuant to the SeriesΒ D Preferred Stock Purchase Agreement dated AugustΒ 16, 2005; (viii)Β the Series D Preferred Stock issued upon conversion of convertible promissory note(s) issued pursuant to the Convertible Promissory Note Purchase Agreement (the βCNPAβ) dated DecemberΒ 18, 2003, as amended by Amendment No.Β 1 to Convertible Note Purchase Agreement dated DecemberΒ 17, 2004, between the Company and Biomedical Sciences Investment Fund Pte Ltd (the βBMSIFβ); (ix)Β the Series D Preferred Stock issued upon conversion of convertible promissory note(s) issued in connection with the Convertible Note Agreement (the βCNAβ) dated DecemberΒ 18, 2003, between the Company and Invus, L.P. (the βInvusβ); (x)Β the Series E Preferred Stock issued pursuant to the SeriesΒ E Preferred Stock Purchase Agreement dated JuneΒ 13, 2006, as amended (the βPrior Purchase Agreementβ); (xi); the SeriesΒ E Preferred Stock issued pursuant to the 2009 Purchase Agreement; (xii)Β all Securities acquired by any Investor pursuant to the rights of first offer described in Sections 3 or 4 of this Agreement; and (xiii)Β any Securities issued with respect to the foregoing upon any stock split, stock dividend, recapitalization, or similar event or upon any exercise or conversion, as applicable.
βExchange Actβ shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.
βFounders Sharesβ shall mean the shares of Common Stock of the Company issued to the Founders as of the date of this Agreement or at any time in the future.
βHolderβ shall mean (i)Β any Investor and any person to whom registration rights under this Agreement have been transferred in accordance with SectionΒ 1.13 hereof, (ii)Β for the purposes of SectionΒ 1.6 (and other portions of this SectionΒ 1, to the extent they relate to rights of registration under SectionΒ 1.6), any Founder or holder of Other Shares and (iii)Β for the purposes of SectionsΒ 1.5, 1.6 and 1.7 (and other portions of this SectionΒ 1, to the extent they relate to rights of registration under SectionsΒ 1.5, 1.6 and 1.7), Warrantholders.
βInitial Public Offeringβ shall mean the first sale of Securities of the Company pursuant to an effective registration statement under the Securities Act.
βInitiatingΒ Holdersβ shall mean Holders who in the aggregate hold a majority of the Registrable Securities then held by Holders assuming conversion or exercise, as applicable, of all Eligible Securities.
βLighthouse Preferred Warrantsβ shall mean (i)Β the Preferred Stock Purchase Warrant, dated MarchΒ 29, 2005, pursuant to which Lighthouse Capital Partners V, L.P. (βLighthouseβ) may purchase shares of the Companyβs authorized Series D Preferred Stock; (ii)Β the
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Preferred Stock Purchase Warrant, dated FebruaryΒ 15, 2008, pursuant to which Lighthouse may purchase shares of the Companyβs authorized Series E Preferred Stock; and (iii)Β the Preferred Stock Purchase Warrant, dated MarchΒ 25, 2009, pursuant to which Lighthouse may purchase shares of the Companyβs authorized Series E Preferred Stock.
βOther Sharesβ shall mean the shares of Common Stock of the Company issued pursuant to the Common Stock Purchase Agreements dated JulyΒ 17, 2001 and February 2005 by and between the Company and President and Fellows of Harvard College.
βPermitted Transfereeβ shall mean (i)Β any general partner or retired general partner of any Holder which is a partnership; (ii)Β any family member of a Holder or trust for the benefit of any individual Holder; (iii)Β any Investor; (iv)Β an Affiliate of an Investor; or (v)Β any transferee who acquires at least 40,000 shares of Eligible Securities.
The terms βregister,β βregisteredβ and βregistrationβ refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement.
βRegistration Expensesβ shall mean all expenses incurred by the Company in complying with SectionsΒ 1.5, 1.6 and 1.7 hereof, including, without limitation, all registration, qualification, stock exchange and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company and accountants and other persons retained by or for the Company (including the fees of one counsel for the Holders, not to exceed $25,000), blue sky fees and expenses, accounting fees and the expense of any special audits incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event by the Company).
βRegistrable Securitiesβ means (i)Β any shares of Common Stock which are Eligible Securities, (ii)Β any shares of Common Stock issuable upon the exercise or conversion, as applicable, of Eligible Securities, (iii)Β for the purposes of SectionΒ 1.6 (and other portions of this SectionΒ 1, to the extent they relate to rights of registration under SectionΒ 1.6) any shares of Common Stock which are Founder Shares or Other Shares, and (iv)Β for the purposes of SectionsΒ 1.5, 1.6 and 1.7 (and other portions of this SectionΒ 1, to the extent they relate to rights of registration under Sections 1.5,Β 1.6 and 1.7) any shares of Common Stock which are Warrant Shares; provided, however, that shares of Common Stock shall be treated as Registrable Securities only if and so long as they have not been (A)Β sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, (B)Β sold in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act under SectionΒ 4(1) thereof so that all transfer restrictions and restrictive legends with respect thereto are removed upon the consummation of such sale or (C)Β sold in a transaction in which the rights granted under this SectionΒ 1 are not assigned in accordance with this Agreement.
βRestricted Securitiesβ shall mean the securities of the Company required to bear the legends set forth in SectionΒ 1.3 hereof.
βSecuritiesβ shall mean shares of, or securities convertible into or exercisable for any shares of, any class of capital stock of the Company.
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βSecurities Actβ shall mean the Securities Act of 1933, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.
βSelling Expensesβ shall mean all underwriting discounts and selling commissions and applicable to the securities registered by the Holders and any fees and disbursements of counsel for the Holders not included in the definition of Registration Expenses.
βVoting Agreementβ shall mean the Second Amended and Restated Voting Agreement dated AugustΒ 16, 2005 among the Company and certain stockholders of the Company.
βWarrant Sharesβ shall mean the shares of Common Stock of the Company issued or issuable upon conversion of the (i)Β Series C Preferred Stock issued or issuable upon exercise or conversion of (A)Β the warrant to purchase up to 17,500 shares of Series C Preferred Stock issued to TBCC Funding Trust II (βTBCCβ) pursuant to the Master Loan and Security Agreement dated MarchΒ 27, 2002 by and between the Company and Transamerica Technology Finance Corporation; (B)Β the warrant to purchase up to 31,008 shares of Series C Preferred Stock issued to General Electric Capital Corporation (βGE Capitalβ) in connection with the Master Security Agreement dated as of NovemberΒ 8, 2002, as amended (the βMaster Security Agreementβ) by and between the Company and GE Capital; (C)Β the warrants to purchase an aggregate of up to 90,000 shares of Series C Preferred Stock issued to Glaxo Group Limited (βGGLβ) in connection with the Development Collaboration and License Agreement dated SeptemberΒ 22, 2003 (the βLicense Agreementβ); and (D)Β the warrants to purchase an aggregate of up to 110,000 shares of Series C Preferred Stock issued to SmithKline Xxxxxxx Corporation (βSBCβ) in connection with the License Agreement; (ii)Β the Series D Preferred Stock issued or issuable upon exercise or conversion of (A)Β the warrant to purchase up to 37,500 shares of Series D Preferred Stock dated MarchΒ 18, 2004 and issued to GE Capital in connection with extensions of credit to the Company; (B)Β the warrant to purchase up to 380,556 shares of Series D Preferred Stock dated JuneΒ 30, 2004 and issued to In-Q-Tel, Inc. (βIn-Q-Telβ); (C)Β the Lighthouse Preferred Warrants; and (D)Β the warrant to purchase up to 126,851 shares of Series D Preferred Stock dated JuneΒ 30, 2004 and issued to In-Q-Tel Employee Fund, LLC (βEmployee Fundβ); and (iii)Β the SeriesΒ E Preferred Stock issued or issuable upon exercise or conversion of (A)Β the Lighthouse Preferred Warrants and (B)Β the warrants to purchase shares of Preferred Stock of the Company issued to certain Investors under the Note and Warrant Purchase Agreement dated as of AugustΒ 25, 2009. GGL, SBC, TBCC, GE Capital, In-Q-Tel, Employee Fund, and Lighthouse are collectively referred to herein as βWarrantholders.β
βWorthington Sharesβ shall mean the Founder Shares issued to Xxxxx Xxxxxxxxxxx or his Affiliates.
1.2Β Β Β Β Restrictions.Β Β No Restricted Securities shall be sold, assigned, transferred or pledged except upon the conditions specified in this Agreement. Each Holder will cause any proposed purchaser, assignee, transferee or pledgee of its Restricted Securities to agree in writing to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement, including, without limitation, SectionΒ 1.14, except where such Restricted Securities would cease to be Restricted Securities in connection with such proposed purchase, assignment, transfer or pledge.
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1.3Β Β Β Β Restrictive Legend.Β Β Each certificate representing Registrable Securities shall (unless otherwise permitted by the provisions of SectionΒ 1.4 below) be stamped or otherwise imprinted with a legend in the following form (in addition to any legend required under applicable state securities laws):
βTHE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE βSECURITIES ACTβ). SUCH SHARES MAY NOT BE SOLD, TRANSFERRED OR PLEDGED IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL (WHICH MAY BE COUNSEL FOR THE COMPANY), OR OTHER EVIDENCE, REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE SECURITIES ACT.β
βTHE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.β
βTHE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A MARKET STAND-OFF AGREEMENT IN THE EVENT OF A PUBLIC OFFERING, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.β
Each Holder consents to the Company making a notation on its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer established in this SectionΒ 1.
1.4Β Β Β Β Notice of Proposed Transfers.Β Β Each Holder of each certificate representing Restricted Securities, by acceptance thereof, agrees to comply in all respects with the restrictions on transfer contained in Sections 1.2, 1.3, 1.4 and 1.14 of this Agreement. Solely for purposes of the foregoing sentence and for the sake of clarification, the term βHolderβ shall also include and the term βRestricted Securitiesβ shall also apply to any Founder, holder of Other Shares or Warrantholders. Prior to any proposed sale, assignment, transfer or pledge of any Restricted Securities (other than any transfer not involving a change in beneficial ownership), 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 Holderβs intention to effect such transfer, sale, assignment or pledge. Each such notice shall describe the manner and circumstances of the proposed transfer, sale, assignment or pledge in sufficient detail, and shall be accompanied at such Holderβs expense by either (i)Β a written opinion of legal counsel who shall, and whose legal opinion shall be, reasonably satisfactory to the Company, addressed to the Company, to the effect that the proposed transfer of the Restricted Securities may be effected without registration under the Securities Act and applicable state securities laws, or (ii)Β a βno actionβ letter from the Commission to the effect that the transfer of such securities without registration will not result in a recommendation by the staff of the Commission that action be taken with respect thereto, or (iii)Β any
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other evidence reasonably satisfactory to 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; provided, however, that no such legal opinion, βno actionβ letter or other evidence shall be required with respect to a transfer to an Affiliate. Each certificate evidencing the Restricted Securities transferred as above provided shall bear, except if such transfer is made pursuant to RuleΒ 144, the appropriate restrictive legend set forth in SectionΒ 1.3 above, except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and reasonably acceptable to the Company, such legend is not required in order to establish compliance with any provisions of the Securities Act or this Agreement.
1.5Β Β Β Β Requested Registration.
(a)Β Β Β Β Β Β Request for Registration.Β Β In case the Company shall receive from Initiating Holders a written request that the Company effect any registration with respect to a public offering of at least 50% of the Registrable Securities, the reasonably anticipated aggregate price to the public of which, net of underwriting discounts and commissions, would exceed $20,000,000, the Company will:
(i)Β Β Β Β promptly give written notice of the proposed registration to all other Holders; and
(ii)Β Β Β use its best efforts to effect as soon as practicable such registration (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws and appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request received by the Company within 15 days after receipt of the written notice from the Company; provided, however, that the Company shall not be obligated to take any action to effect any such registration pursuant to this SectionΒ 1.5:
(1)Β Β Β Β Prior to six months following the closing of the Companyβs Initial Public Offering;
(2)Β Β Β Β During the period starting with the date 60 days prior to the Companyβs estimated date of filing of, and ending on the date three months immediately following the effective date of, any registration statement (other than a registration of Securities in a Rule 145 transaction or with respect to an employee benefit plan) pertaining to Securities of the Company (subject to SectionΒ 1.6(a) hereof), provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to be filed and become effective and that the Company provides the Initiating Holders written notice of its intent to file such registration statement within 30Β days of receiving the request for registration from the Initiating Holders and provided further, however, that the Company may not utilize this right more than once in any 12-month period.
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(3)Β Β Β Β After the Company has effected two registrations pursuant to this SectionΒ 1.5; or
(4)Β Β Β Β If the Company shall furnish to such Holders a certificate, signed by the President of the Company, stating that in the good faith judgment of the Board of Directors it would be seriously detrimental to the Company or its stockholders for a registration statement to be filed in the near future, in which case the Companyβs obligation to use its best efforts to register under this SectionΒ 1.5 shall be deferred for a period not to exceed 90 days from the date of receipt of written request from the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any 12-month period.
(b)Β Β Β Β Underwriting.Β Β If the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as part of their request made under SectionΒ 1.5(a), and the Company shall so advise the Holders as part of the notice given pursuant to SectionΒ 1.5(a)(i). The right of any Holder to registration pursuant to SectionΒ 1.5 shall be conditioned upon such Holderβs participation in the underwriting arrangements required by this SectionΒ 1.5 and the inclusion of such Holderβs Registrable Securities in the underwriting, to the extent requested and provided herein.
The Company shall (together with all Holders proposing to distribute their securities through such underwriting) enter into an underwriting agreement in customary form with the managing underwriter selected for such underwriting by the Company and a majority of the Holders. Notwithstanding any other provision of this SectionΒ 1.5, if the managing underwriter advises the Company in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Company shall so advise all Holders of Registrable Securities who indicated their intent to participate in the registration in a timely manner, and the number of shares of Registrable Securities that may be included in the registration and underwriting shall be allocated among such Holders in proportion, as nearly as practicable, to the respective number of Registrable Securities held by such Holders at the time of filing the registration statement, provided, however, that the number of shares of Registrable Securities to be included in such underwriting shall not be reduced unless all Worthington Shares, all Other Shares and all other Securities that are not Registrable Securities (other than Securities to be sold for the account of the Company) are first entirely excluded from the underwriting. No Registrable Securities excluded from the underwriting by reason of the underwriterβs marketing limitation shall be included in such registration. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares.
If any Holder of Registrable Securities disapproves of the terms of the underwriting, such person may elect to withdraw therefrom by written notice to the Company, the managing underwriter and the Initiating Holders. The Registrable Securities so withdrawn shall also be withdrawn from registration.
1.6Β Β Β Β Company Registration.
(a)Β Β Β Β Notice of Registration.Β Β If at any time or from time to time, the Company shall determine to register any Common Stock, either for its own account or the account of a security holder or holders other than (i)Β a registration relating to employee benefit plans, (ii)Β a
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registration relating to the offer and sale of debt securities, (iii)Β a registration relating to a Commission RuleΒ 145 transaction, or (iv)Β a registration pursuant to SectionsΒ 1.5 or 1.7 hereof, the Company will:
(i)Β Β Β Β promptly give to each Holder written notice thereof; and
(ii)Β Β Β include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests made within 15 days after receipt of such written notice from the Company by any Holder.
(b)Β Β Β Β Β Β Underwriting.Β Β If the registration of which the Company gives notice is for a registered public offering involving an underwriting, the Company shall so advise the Holders in a written notice given pursuant to this SectionΒ 1.6. In such event, the right of any Holder to registration pursuant to this SectionΒ 1.6 shall be conditioned upon such Holderβs participation in such underwriting and the inclusion of Registrable Securities in the underwriting to the extent provided herein.
All Holders proposing to distribute their securities through such underwriting shall (together with the Company and the other holders distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the managing underwriter selected for such underwriting by the Company. Notwithstanding any other provision of this SectionΒ 1.6, if the managing underwriter advises the Company in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Company shall so advise all Holders of Registrable Securities and the number of shares of Registrable Securities that may be included in the registration and underwriting shall be allocated among all Holders thereof in proportion, as nearly as practicable, to the respective number of Registrable Securities held by such Holders at the time of filing the registration statement; provided, however, that, no Registrable Securities shall be excluded until all Worthington Shares, all Other Shares and all other Securities that are not Registrable Securities (other than Securities to be sold for the account of the Company) are first excluded, and provided further, that, except in the case of the Companyβs Initial Public Offering (where Registrable Securities may be excluded entirely), the number of Registrable Securities included in such underwriting shall not be reduced below 25% of the total number of shares in the underwriting. No Registrable Securities excluded from the underwriting by reason of the underwriterβs marketing limitation shall be included in such registration. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares. The Company may include shares of Common Stock held by stockholders other than Holders in a registration statement pursuant to this SectionΒ 1.6 to the extent that the amount of Registrable Securities otherwise includible in such registration statement would not thereby be diminished.
If any Holder or other holder disapproves of the terms of any such underwriting, he or she may elect to withdraw therefrom by written notice to the Company and the managing underwriter. The Registrable Securities so withdrawn shall also be withdrawn from such registration and, in the case of the Companyβs Initial Public Offering, shall be subject to SectionΒ 1.14.
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(c)Β Β Β Β Right to Terminate Registration.Β Β The Company shall have the right to terminate or withdraw any registration initiated by it under this SectionΒ 1.6 prior to the effectiveness of such registration, whether or not any Holder has elected to include securities in such registration.
1.7Β Β Β Β Registration on FormΒ S-3.
(a)Β Β Β Β Β Β If any Holder or Holders request that the Company file a registration statement on FormΒ S-3 (or any successor form to FormΒ S-3) for a public offering of Registrable Securities, the reasonably anticipated aggregate price to the public of which, net of underwriting discounts and commissions, would exceed $2,000,000, and the Company is then entitled to use FormΒ S-3 under applicable Commission rules to register the Registrable Securities for such an offering, the Company will:
(i)Β Β Β Β promptly give written notice of the proposed registration to all other Holders; and
(ii)Β Β Β use its best efforts to effect as soon as practicable such registration (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws and appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request received by the Company within 15 days after receipt of the written notice from the Company; provided, however, that the Company shall not be obligated to take any action to effect any such registration pursuant to this SectionΒ 1.7:
(1)Β Β Β Β if the Company, within tenΒ (10) days of the receipt of the request for registration pursuant to this SectionΒ 1.7, gives notice of its bonaΒ fide intention to effect the filing of a registration statement with the Commission within ninetyΒ (90) days of receipt of such request (other than with respect to a registration statement relating to a RuleΒ 145 transaction or an employee benefit plan or any other registration which is not appropriate for the registration of Registrable Securities);
(2)Β Β Β Β during the period starting with the date sixtyΒ (60) days prior to the Companyβs estimated date of filing of, and ending on the date three months immediately following, the effective date of any registration statement pertaining to Securities of the Company (other than with respect to a registration statement relating to an employee benefit plan), provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to be filed and become effective; or
(3)Β Β Β Β if the Company shall furnish to such Holder or Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors it would be seriously detrimental to the Company or its stockholders for registration statements to be filed in the near future, then the Companyβs obligation to use its best efforts to file a registration statement shall be deferred for a period not to exceed 90Β days from the receipt of the request to file such registration by such Holder or Holders; provided further, however,
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that the Company may not utilize the rights provided for in subsections (1)Β and (2)Β above and this subsectionΒ (3) more than once in total in any twelve month period. For the avoidance of doubt, if the Company utilizes any of the rights provided for in subsections (1), (2)Β and (3), it shall not have the right to utilize the same right again; nor shall it have the right to utilize any of the other rights provided in subsections (1), (2)Β and (3)Β for twelve months.
(b)Β Β Β Β Underwriting.Β Β If the Holders requesting registration intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as part of their request made under SectionΒ 1.7(a), and the Company shall so advise the Holders as part of the notice given pursuant to SectionΒ 1.7(a)(i). The substantive provisions of SectionΒ 1.5(b) shall otherwise apply to such registration.
1.8Β Β Β Β Expenses of Registration.Β Β All Registration Expenses incurred in connection with any registration pursuant to SectionsΒ 1.5, 1.6 and 1.7 shall be borne by the Company. If a registration proceeding is begun upon the request of Holders pursuant to SectionΒ 1.5 or 1.7, but such request is subsequently withdrawn at the request of the Holders, then the Holders of Registrable Securities to have been registered may either: (i)Β bear all Registration Expenses of such proceeding, proΒ rata on the basis of the number of shares to have been registered, in which case the Company shall be deemed not to have effected a registration pursuant to SectionΒ 1.5(a) orΒ 1.7(a) of this Agreement as applicable; provided, however, that the Company, and not the Holders, shall be required to pay for the Registration Expenses if the Holders learn of a materially adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request promptly following discovery of such material adverse change; or (ii)Β if the registration is being effected pursuant to SectionΒ 1.5,Β require the Company to bear all Registration Expenses of such proceeding, in which case the Company shall be deemed to have effected a registration pursuant to SectionΒ 1.5(a). Unless otherwise stated, all other Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the Holders of the registered securities included in such registration pro rata on the basis of the number of shares so registered, provided that to the extent a Holder elects to retain its own counsel (an βAdditional Counselβ) separate from the counsel for all the Holders permitted pursuant to the definition of βRegistration Expensesβ under SectionΒ 1.1, then such Holder shall exclusively bear the costs of such Additional Counsel.
1.9Β Β Β Β Registration Procedures.Β Β In the case of each registration, qualification or compliance effected by the Company pursuant to this SectionΒ 1, the Company will keep each Holder advised in writing as to the initiation of each registration, qualification and compliance and as to the completion thereof. At its expense the Company will, as expeditiously as reasonably possible:
(a)Β Β Β Β Prepare and file with the Commission a registration statement with respect to such Registrable Securities and use its best 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 a period of up to one hundred twenty (120)Β days or until the distribution described in the registration statement has been completed; provided, however, that such 120-day period shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company.
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(b)Β Β Β Β Prepare and file with the Commission, in consultation with the Holders, 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.
(c)Β Β Β Β Furnish to the Holders participating in such registration and to the underwriters of the securities being registered such reasonable number of copies of the registration statement, preliminary prospectus, final prospectus and such other documents as such underwriters may reasonably request in order to facilitate the public offering of such securities.
(d)Β Β Β Β 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 condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act.
(e)Β Β Β Β 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)Β Β Β Β 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 or incomplete in light of the circumstances then existing, and at the request of any such Holder, prepare and furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances then existing.
(g)Β Β Β Β Cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange, or quoted in a U.S. automated inter-dealer quotation system, as the case may be, on which similar securities issued by the Company are then listed or quoted.
(h)Β Β Β Β 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)Β Β Β Β In the event of any underwritten public offering, cooperate with the selling Holders, the underwriters participating in the offering and their counsel in any due diligence investigation reasonably requested by the selling Holders or the underwriters in connection therewith, and participate, to the extent reasonably requested by the managing underwriter for the
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offering or the selling Holder, in efforts to sell the Registrable Securities under the offering (including, without limitation, participating in βroadshowβ meetings with prospective investors) that would be customary for underwritten primary offerings of a comparable amount of equity securities by the Company.
1.10Β Β Indemnification.
(a)Β Β Β Β The Company will indemnify and defend each Holder, each of its officers and directors and partners, and each person controlling such Holder within the meaning of SectionΒ 15 of the Securities Act, with respect to which registration, qualification or compliance is being effected pursuant to this SectionΒ 1, and each underwriter, if any, and each person who controls any underwriter within the meaning of SectionΒ 15 of the Securities Act, against all expenses, claims, losses, damages or liabilities (or actions in respect thereof), including any of the foregoing incurred in settlement of any litigation, commenced or threatened, arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, prospectus, preliminary prospectus, offering circular or other document, or any amendment or supplement thereto, incident to any such registration, qualification or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading, or any violation or any alleged violation by the Company of the Securities Act or the Exchange Act or any state securities law, or any rule or regulation promulgated thereunder, applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse each such Holder, each of its officers and directors, and each person controlling such Holder, each such underwriter and each person who controls any such underwriter, for any legal and any other expenses reasonably incurred in connection with investigating, preparing or defending any such claim, loss, damage, liability or action, as such expenses are incurred, provided that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out of or is based on any untrue statement or omission or alleged untrue statement or omission, made in reliance upon and in conformity with written information furnished to the Company by an instrument duly executed by such Holder, controlling person or underwriter and stated to be specifically for use therein.
(b)Β Β Β Β Each Holder will, if Registrable Securities held by such Holder are included in the securities as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors and officers, each underwriter, if any, of the Companyβs securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of SectionΒ 15 of the Securities Act, and each other such Holder, each of its officers and directors and each person controlling such Holder within the meaning of SectionΒ 15 of the Securities Act, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular or other document, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company, such Holders, such directors, officers, persons, underwriters or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, as such expenses are incurred, in each
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case to the extent, but only if and to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written information furnished to the Company by an instrument duly executed by such Holder and stated to be specifically for use therein; provided, however, that the liability of any Holder shall be limited to the net proceeds received by such Holder from the sale of Securities pursuant to such registration.
(c)Β Β Β Β Each party entitled to indemnification under this SectionΒ 1.10 (the βIndemnified Partyβ) shall give notice to the party required to provide indemnification (the βIndemnifying Partyβ) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such partyβs expense; 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 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 of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this SectionΒ 1 unless, and only to the extent that, the failure to give such notice is materially prejudicial to an Indemnifying Partyβs ability to defend such action. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation.
(d)Β Β Β Β If the indemnification provided for in this SectionΒ 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 (except to the extent that contribution is not permitted under SectionΒ 11(f) of the Securities Act); provided, however, that, no Holder will be required to pay any amount under this subsectionΒ 1.10(d) in excess of the net proceeds from the sale of all Registrable Securities offered and sold by such Holder pursuant to such registration statement. 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 partiesβ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission.
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Β Β (e)Β Β Β Β 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 with respect to the rights and obligations of each of the parties to such underwriting agreement.
Β Β (f)Β Β Β Β The obligations of the Company and Holders under this SectionΒ 1.10 shall survive the completion of any offering of Registrable Securities in a registration statement under this SectionΒ 1, and otherwise.
1.11 Β Β Β Β Information by Holder.Β Β The Holder or Holders of Registrable Securities included in any registration shall furnish to the Company such information regarding such Holder or Holders, the Securities held by them and the distribution proposed by such Holder or Holders as the Company may reasonably request in writing and as shall be required in connection with any registration referred to in this SectionΒ 1.
1.12 Β Β Β Β Reports Under Securities Exchange Act of 1934.Β Β 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 Commission 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 use its best efforts to:
Β Β (a)Β Β Β Β make and keep public information available, as those terms are understood and defined in RuleΒ 144 under the Securities Act, at all times after the effective date that the Company becomes subject to the reporting requirements of the Securities Act or the Exchange Act;
Β Β (b)Β Β Β Β file with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements);
Β Β (c)Β Β Β Β register its Common Stock under SectionΒ 12 of the Exchange Act at such time as it is required to do so pursuant to the Exchange Act; and
Β Β (d)Β Β Β Β furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i)Β a written statement by the Company as to its compliance with the reporting requirements of RuleΒ 144 (at any time after ninety (90)Β 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 FormΒ S-3 (at any time after it so qualifies), (ii)Β 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)Β such other information in the possession of or reasonably obtainable by the Company as may be reasonably requested in availing any Holder of any rule or regulation of the Commission which permits the selling of any such securities without registration or pursuant to such form.
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1.13 Β Β Β Β Transfer of Registration Rights.Β Β The rights to cause the Company to register Registrable Securities granted to the Investors under SectionsΒ 1.5, 1.6 and 1.7 may be assigned to a transferee or assignee in connection with any transfer or assignment of Eligible Securities by an Investor; provided that (a)Β such transfer may otherwise be effected in accordance with applicable securities laws, (b)Β notice of such assignment is given to the Company, (c)Β such transferee is a Permitted Transferee and (d)Β such transferee or assignee agrees to be bound by and subject to the terms and conditions of this Agreement.
1.14 Β Β Β Β Standoff Agreement.
Β Β (a)Β Β Β Β Each Holder agrees in connection with the first sale of the Companyβs Common Stock in a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act, upon notice by the Company or the underwriters managing such public offering, not to sell, make any short sale of, loan, pledge (or otherwise encumber or hypothecate), grant any option for the purchase of, or otherwise directly or indirectly dispose of any Securities (other than those included in the registration) without the prior written consent of the Company and such managing underwriters for such period of time as the Board of Directors establishes pursuant to its good faith negotiations with such managing underwriters; provided, however that:
(i)Β Β Β Β such agreement shall not exceed one hundred and eighty (180)Β days (or such greater period, not to exceed 17 days, as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i)Β the publication or other distribution of research reports and (ii)Β analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD RuleΒ 2711(f)(4) or NYSE RuleΒ 472(f)(4), or any successor provisions or amendments thereto);
(ii)Β Β Β Β such agreement shall not apply to transfers to an Affiliate, provided that such Affiliate agrees to be bound by the terms of such agreement, to the same extent as if such transferee were the original party thereunder;
(iii)Β Β Β Β such agreement shall not apply to securities of the Company purchased by AllianceBernstein Venture Fund I, L.P., SmallCap World Fund, Inc., Cross Creek Capital, L.P., Cross Creek Capital Employeesβ Fund, L.P. or Wasatch Small Cap Growth or their respective Affiliates in the Initial Public Offering or in the public market for the Companyβs securities following the Initial Public Offering;
(iv)Β Β Β Β a Holder shall not be subject to such agreement unless (A)Β all executive officers and directors of the Company, (B), all stockholders of the Company holding more than 1% of the Companyβs outstanding capital stock; and (C)Β all other Holders and holders of other registration rights, are subject to or obligated to enter into similar agreements; and
(v)Β Β Β Β if and when any person identified in clause (iv)Β is released, in whole or in part, from such agreement (whether or not such release is contemplated at the time of the offering) or if any such agreement is terminated, the Holder shall be concurrently released on a pro rata basis based on the number of shares held by such person and the Holder.
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Β Β (b)Β Β Each Holder agrees that prior to the Initial Public Offering it will not transfer securities of the Company unless each transferee agrees in writing to be bound by all of the provisions of this SectionΒ 1.14; provided that this SectionΒ 1.14(b) shall not apply to transfers pursuant to a registration statement.
Β Β (c)Β Β Each Holder hereby consents to the placement of stop transfer orders with the Companyβs transfer agent in order to enforce the foregoing provision and agrees to execute a market standoff agreement with said underwriters in customary form consistent with the provisions of this SectionΒ 1.14.
1.15 Β Β Β Β Termination of Rights.Β Β No Holder shall be entitled to exercise any right provided for in this SectionΒ 1 after the earlier of (i)Β five (5)Β years following the consummation of the Initial Public Offering, and (ii)Β that date following the Initial Public Offering upon which each Holder holds less than 1% of the then issued and outstanding shares of capital stock of the Company and all such shares may be sold under SectionΒ 5 of the Securities Act whether pursuant to Rule 144 or another applicable exemption during any 90 day period. All other provisions hereof relating to registration rights shall continue to be effective despite any termination of such registration rights pursuant to this section.
1.16 Β Β Β Β Limitations on Subsequent Registration Rights.Β Β From and after the date of this Agreement, the Company shall not enter into any agreement granting any holder or prospective holder of any securities of the Company registration rights with respect to such securities unless (i)Β such new registration rights, are subordinate to the registration rights granted Holders hereunder and include similar market stand-off obligations or (ii)Β such new registration rights are approved by the Holders of 50% of the Registrable Securities then held by Holders (assuming exercise or conversion of all outstanding Eligible Securities); provided, however, that Warrantholders may enter into this Agreement by executing and delivering a counterpart signature page to this Agreement.
SECTION 2
Affirmative Covenants of the Company
The Company hereby covenants and agrees as follows:
2.1 Β Β Β Β Delivery of Financial Statements.Β Β The Company will furnish to each Investor who holds at least 40,000 shares of Eligible Securities (as adjusted for stock splits and combinations):
(a)Β Β Β Β as soon as reasonably practicable, an income statement for such fiscal year, a balance sheet of the Company and statement of stockholderβs equity as of the end of such year, and a cash flow statement for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting principles (βGAAPβ), and audited and certified by independent public accountants of nationally recognized standing selected by the Company; and
(b)Β Β Β Β as soon as practicable, but in any event within forty-five (45)Β days after the end of each of the first three (3)Β quarters of each fiscal year of the Company, an unaudited
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income statement, cash flow statement for such fiscal quarter and an unaudited balance sheet as of the end of such fiscal quarter.
2.2 Β Β Β Β Additional Information Rights.
(a)Β Β Β Β Budget and Operating Plan.Β Β The Company will furnish to each Investor who holds at least 750,000 shares of Eligible Securities (as adjusted for stock splits and combinations) as soon as practicable upon approval or adoption by the Companyβs Board of Directors, and in any event within 15 days prior to the start of a fiscal year, the Companyβs budget and operating plan for such fiscal year.
(b)Β Β Β Β Other Information.Β Β The Company will furnish to each Investor who holds at least 750,000 shares of Eligible Securities (as adjusted for stock splits and combinations) such other information relating to the financial condition, business, prospects or corporate affairs of the Company as such Investor may from time to time request; provided, however, that the Company shall not be obligated under this subsectionΒ (b) or any other subsectionΒ of SectionΒ 2.2 to provide information which it deems in good faith to be a trade secret or similar confidential information.
(c)Β Β Β Β Inspection.Β Β The Company shall permit each Investor who holds at least 750,000 shares of Eligible Securities (as adjusted for stock splits and combinations), at such Investorβs expense, to visit and inspect the Companyβs properties, to examine its books of account and records and to discuss the Companyβs affairs, finances and accounts with its officers, all at such reasonable times and during normal working hours as may be requested by such Investor; provided, however, that the Company shall not be obligated under this subsectionΒ (c) or any other subsectionΒ of SectionΒ 2.2 to provide access to information which it deems in good faith to be a trade secret or similar confidential information.
(d)Β Β Β Β Monthly Financial Statements.Β Β The Company will furnish to each Investor who holds at least 750,000 shares of Eligible Securities (as adjusted for stock splits and combinations), upon the request of such Investors, within thirty (30)Β days of the end of each month, an unaudited income statement and cash flow statement and unaudited balance sheet for and as of the end of such month, in reasonable detail.
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2.3Β Β Β Β Confidentiality.Β Β Each Investor agrees to use commercially reasonable efforts to maintain the confidentiality of information obtained pursuant to this SectionΒ 2, provided that such obligation shall not apply to (i)Β information previously in possession or independently developed by Investor, (ii)Β information publicly available other than as a result of breach of this provision (iii)Β information required to be disclosed by statute, regulation or court or administrative order. Notwithstanding anything to the contrary set forth in this Agreement, in any other agreement to which the Company and an Investor are party or in any statute (to the extent permitted by applicable law), the Company may withhold any information or material from an Investor if the Companyβs management or the Board of Directors reasonably determine that (a)Β the information or material is commercially or competitively sensitive for the Company, (b)Β such Investor is a competitor or potential competitor of the Company, and (c)Β disclosure of such information or material to such Investor would be harmful or potentially harmful to the interests of the Company.
2.4Β Β Β Β Visitation Rights.Β Β One representative chosen collectively by LB I Group Inc., Xxxxxx Brothers P.A. LLC, Xxxxxx Brothers Partnership Account 2000/2001, L.P. and Xxxxxx Brothers Offshore Partnership Account 2000/2001, L.P. (collectively, βXxxxxxβ), one representative chosen collectively by EuclidSR Partners, L.P. and EuclidSR Biotechnology Partners, L.P. (collectively, βEuclidSRβ), one representative chosen by Xxxxx Xxxxxxx Healthcare Fund III, L.P. (βXxxxx Xxxxxxxβ), one representative chosen by GE Capital Equity Investments, Inc. (βGE Capitalβ), one representative chosen collectively by Interwest Investors VII, L. P. and Interwest Partners VII, L.P. (collectively, βInterwestβ), one representative chosen by AllianceBernstein Venture Fund I, L.P. (βAllianceβ), one representative chosen collectively by Cross Creek Capital, L.P., Cross Creek Capital Employeesβ Fund, L.P. and WasatchΒ Small Cap Growth (collectively, βWasatchβ), one representative chosen by BMSIF, and one representative chosen collectively by the holders of a majority of the Shares purchased under that certain Amendment No.Β 2 to the SeriesΒ E Preferred Stock Purchase Agreement effective as of OctoberΒ 10, 2007 (collectively, the βOctober 2007 Representativeβ) shall have the right to attend all meetings of the Board of Directors, including meetings of any committee of the Board and including the right to participate in any telephonic board meetings, so long as such Investor or the October 2007 Representative holds at least 750,000 shares of Eligible Securities (as adjusted for stock splits and combinations and the like). Said representative(s) shall be provided with notice of the meetings in the same manner at the same time as the members of the Board of Directors and shall be provided with any materials distributed to the Board of Directors in connection with board meetings. The foregoing visitation rights may be limited by the Board of Directors if (i), upon the advice of counsel, the Board of Directors determines that exclusion is required by third party confidentiality agreements, (ii)Β the Board is discussing engaging Investor or an affiliate of Investor as a financial advisor or underwriter; or (iii)Β the Board is discussing a material transaction with an entity in which Investor or a private equity fund affiliated with Investor is a 5% or greater stockholder, or (iv)Β the Board determines in good faith upon advice of counsel that limitations are required to maintain attorney-client privilege.
2.5Β Β Β Β Stock Option Vesting.Β Β Unless otherwise decided by the Board of Directors, all option grants to employees shall vest over a four-year period with 25% of the shares subject to each option vesting a year after commencement of employment and the remainder of the shares vesting in equal amounts on a monthly basis thereafter.
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2.6Β Β Β Β Insurance.Β Β The Company shall, subject to the approval of the Board of Directors, maintain such fire, casualty and general liability insurance with coverages and in amounts as shall be determined by the Board of Directors. The Company agrees to maintain in full force and effect directors and officers liability insurance with coverage in the aggregate amount of amount of $2 million covering all of its directors. The Company will maintain coverage for the SeriesΒ C Directors (as defined in the Voting Agreement) and the Series D Directors (as defined in the Voting Agreement) under such directors and officers liability insurance at all times commencing upon the Closing (as defined in the SeriesΒ D Preferred Stock Purchase Agreement dated AugustΒ 16, 2005).
2.7Β Β Β Β Proprietary Information Agreements.Β Β Unless otherwise determined by the Board of Directors, all future employees and consultants of the Company shall be required to execute and deliver a proprietary information and invention assignment agreement.
2.8Β Β Β Β Invention Assignments.Β Β The Company agrees to use commercially reasonable efforts to obtain from each of the individual contributing inventors for each invention that forms any part of any patent or patent application owned by or licensed to the Company, executed invention assignments in favor of the Company or the appropriate third party licensor, as the case may be.
2.9Β Β Β Β Key-Man Life Insurance.Β Β The Company shall obtain and maintain key-man life insurance in such amount as is determined by the Companyβs Board of Directors, on Xxxxx Xxxxxxxxxxx. Such policy shall name the Company as loss payee and shall not be cancelable by the Company without prior unanimous approval of the Board of Directors.
2.10Β Β Β Β Compliance with Laws.Β Β The Company shall use its best efforts to comply with the requirements of all applicable laws, rules, regulations and orders of any governmental authority, where noncompliance would have a material adverse effect on the Companyβs business and financial condition.
2.11Β Β Β Β Termination of Covenants.Β Β The covenants set forth in SectionΒ 2 shall terminate on, and be of no further force or effect after, the closing of the Companyβs Initial Public Offering. The rights granted pursuant to this SectionΒ 2 are not transferable other than to Affiliates of Holders.
SECTION 3
Right of First Offer For Company Securities
3.1Β Β Β Β Right of First Offer.Β Β Subject to the terms and conditions specified in this SectionΒ 3, the Company hereby grants to each Investor a right of first offer with respect to future sales by the Company of its Securities. An Investor shall be entitled to apportion the right of first offer hereby granted among itself and its partners and Affiliates in such proportions as it deems appropriate.
Each time the Company proposes to offer any Securities in a Financing (as defined below), the Company shall first make an offering of such Securities to each Investor in accordance with the following provisions:
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(a)Β Β Β Β The Company shall deliver a notice (βNoticeβ) to each Investor stating (i)Β its intention to offer such Securities for sale, (ii)Β the number of such Securities to be offered (the βOffered Securitiesβ), (iii)Β the price, if any, for which it proposes to offer such Securities, (iv)Β the terms of such offer and (v)Β the Offer Amount (as defined below).
(b)Β Β Β Β Within fifteen (15)Β calendar days after receipt of the Notice, each Investor may elect to purchase, at the price and on the terms specified in the Notice, such Securities in an amount up to the Offer Amount by providing the Company with written notice of its election.
(c)Β Β Β Β An election by an Investor pursuant to SectionΒ 3.1(b) to purchase Offered Securities shall not be considered a binding commitment on the Investor unless and until the Company receives binding commitments to purchase on the terms and conditions contained in the Notice substantially all of the Offered Securities which the Investors have not elected to purchase.
Notwithstanding the foregoing, the Company and each of the Investors acknowledge and agree that Lighthouse shall have the opportunity to invest not less than $250,000 in connection with the first Financing completed after the date of this Agreement that involves the sale and issuance by the Company of shares of the Companyβs convertible preferred stock with aggregate gross proceeds to the Company of at least $3 million. In the event that Lighthouseβs right to purchase Offered Securities as otherwise set forth in this SectionΒ 3.1 would not permit such $250,000 investment, then each of the Investors agrees that its respective right to purchase Offered Securities pursuant to this SectionΒ 3.1 may be cut-back (proportionately with all other Investors based on the number of shares of Eligible Securities held by the Investors) in such amounts as may be necessary to permit the exercise of Lighthouseβs rights as set forth herein.
3.2 Β Β Β Β Sale of Securities by Company.Β Β Within 60 days of the expiration of the period described in SectionΒ 3.1(b), any Offered Securities which the Investors have not elected to purchase may be sold by the Company 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 complete the sale of all such Offered Securities within said 60-day period, the rights of the Investors with respect to any such unsold Offered Securities shall be deemed to be revived.
3.3 Β Β Β Β Offer Amount.Β Β The βOffer Amountβ shall equal that percentage of the Offered Securities equal to the number of shares of Eligible Securities held by an Investor which are Registrable Securities divided by the total number of outstanding shares of Common Stock of the Company. For the purposes of the foregoing calculations, all outstanding options and warrants shall be deemed to be exercised and all Preferred Stock shall be deemed to have been converted into Common Stock at the prevailing conversion rate.
3.4 Β Β Β Β Financing.Β Β βFinancingβ shall mean an offering or series of related offerings of Securities by the Company for purposes of raising working capital in a minimum amount of $250,000. Financing shall not include (i)Β the issuance or sale of shares of Common Stock or options to purchase Common stock to employees, officers, directors or consultants for the primary purpose of soliciting or retaining their services in such amount as shall have been approved by the Board of Directors, (ii)Β the issuance or sale of Securities to leasing entities or financial institutions in connection with commercial leasing or borrowing transactions approved by the Board of Directors, (iii)Β the issuance or sale of Securities to third party providers of goods or services in connection with
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transactions approved by the Board of Directors; (iv)Β the sale of Securities in a registered public offering, (v)Β any issuances of Securities in connection with any stock split, stock dividend or recapitalization by the Company, (vi)Β the issuance of Securities at a price (on an as converted to Common Stock basis) below the original issue price of the Companyβs Series E Preferred Stock (as adjusted for stock splits, recapitalizations and like events) in connection with sponsored research, collaboration, technology license, development, OEM, marketing or other similar agreements or any joint venture or strategic alliance, if such issuance is approved unanimously by the Board of Directors, (vii)Β the issuance of Securities at a price (on an as converted to Common Stock basis) at or above the original issue price of the Companyβs Series E Preferred Stock (as adjusted for stock splits, recapitalizations and like events) in connection with sponsored research, collaboration, technology license, development, OEM, marketing or other similar agreements or any joint venture or strategic alliance, if such issuance is approved by the Board of Directors, (viii)Β the issuance of Securities at a price (on an as converted to Common Stock basis) below the original issue price of the Companyβs Series E Preferred Stock (as adjusted for stock splits, recapitalizations and like events) in connection with the acquisition of another corporation by the Company by merger, consolidation, or purchase of all or substantially all of the assets or shares of such corporation unanimously approved by the Board of Directors, (ix)Β the issuance of Securities at a price (on an as converted to Common Stock basis) at or above the original issue price of the Companyβs Series E Preferred Stock (as adjusted for stock splits, recapitalizations and like events) in connection with the acquisition of another corporation by the Company by merger, consolidation, or purchase of all or substantially all of the assets or shares of such corporation approved by the Board of Directors; (x)Β shares of Series E Preferred Stock issued pursuant to the terms of the Prior Purchase Agreement or the 2009 Purchase Agreement; and (xi)Β interest-bearing convertible promissory notes in the aggregate principal amount of $8 million issued or issuable pursuant to the CNPA and/or the CNA and any Securities issued on conversion thereof.
3.5Β Β Β Β Termination of Right of First Offer.Β Β The right of first offer contained in this SectionΒ shall not apply to and shall terminate upon the closing of an Initial Public Offering. The right of first offer granted under this SectionΒ 3 is transferable to transferees of at least 750,000 shares of Registrable Securities (as adjusted for stock splits, combinations and the like) or to Affiliates.
SECTION 4
Right of First Offer with Respect to Founder Shares
4.1Β Β Β Β Notice of Sales.Β Β Should a Founder (a βSellerβ) propose to accept one or more bona fide offers (collectively, the βPurchase Offerβ) from any persons (βPurchasersβ) to purchase Founders Shares from such Seller (other than as set forth 4.2(d) hereof), then such Seller shall, promptly after exercise or termination of any rights of first refusal held by the Company, deliver a notice (the βNoticeβ) to the Company and all Investors holding more than 750,000 shares of Eligible Securities (βEligible Investorsβ).
4.2Β Β Β Β Purchase Right.Β Β Each Eligible Investor shall have the right, exercisable upon written notice to such Seller within ten (10)Β business days after receipt of the Notice, to purchase Founders Shares on the terms and conditions specified in the Purchase Offer. To the extent an Eligible Investor exercises its right to purchase such shares in accordance with the terms and conditions set forth below, the number of shares of stock which such Seller may sell to the
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Purchasers pursuant to the Purchase Offer shall be correspondingly reduced. The purchase right of each Eligible Investor shall be subject to the following terms and conditions:
(a)Β Β Β Β Calculation of Shares.Β Β Each Eligible Investor may purchase all or any part of that number of Founder Shares equal to the number obtained by multiplying (i)Β the aggregate number of Founders Shares covered by the Purchase Offer by (ii)Β a fraction, the numerator of which is the number of shares of Common Stock of the Company at the time owned by such Eligible Investor and the denominator of which is the number of shares of Common Stock of the Company then outstanding. For the purposes of the foregoing calculations, all outstanding options and warrants shall be deemed to be exercised and all Preferred Stock shall be deemed to have been converted into Common Stock at the prevailing conversion rate.
(b)Β Β Β Β Delivery of Consideration.Β Β Each Eligible Investor may effect its purchase right by promptly delivering to such Seller a written notice and a check or wire transfer equal to the purchase price specified in the Purchase Offer for the number of shares the Eligible Investor desires to purchase pursuant to this SectionΒ 4.2.
(c)Β Β Β Β Certificate.Β Β Within tenΒ (10) business days of receipt of Eligible Investorβs funds pursuant to SectionΒ 4.2(c), Seller shall deliver to such Eligible Investor a certificate or certificates representing the shares of Founder Shares purchased by such Eligible Investor.
(d)Β Β Β Β Permitted Transactions.Β Β The participation rights in this SectionΒ 4 shall not pertain or apply to:
(i)Β Β Β Β Β Β Any transfer to a revocable grantor trust with respect to which the Founder and members of his family are the sole beneficiaries;
(ii)Β Β Β Β Β Any repurchase of Founders Shares by the Company;
(iii)Β Β Β Β Any exercise by the Company of a right or remedy under the terms of any loan, security or stock pledge agreement where the Founders Shares serve as security for a loan made by the Company;
(iv)Β Β Β Β Β Any transfer to any ancestors or descendants or spouse of a Founder or to a trustee for their benefit or to a custodian for the benefit of a Foundersβ issue; or
(v)Β Β Β Β Β Β Any bona fide gift;
provided, however, that such Founder shall inform the Eligible Investors of such transfer or gift (other than a transfer pursuant to clause (ii)Β or (iii)) prior to effecting it and the transferee or donee (if other than the Company) shall furnish the Company and the Eligible Investors with a written agreement to be bound by and comply with all applicable provisions of this Agreement.
4.3Β Β Β Β Sale of Securities by Founder.Β Β Within 60 days of the expiration of the period described in the first paragraph of SectionΒ 4.2, any Founders Shares covered by the Purchase Offer which the Eligible Investors have not elected to purchase may be sold by the Seller to the Purchasers on the terms and conditions of the Purchase Offer. If the Seller does not complete the sale of all
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Founders Shares covered by the Purchase Offer within such period, the rights of the Eligible Investors with respect to any such unsold Founders Shares shall be deemed to be revived.
4.4 Β Β Β Β Termination and Transfer.Β Β The restrictions imposed and rights granted by this SectionΒ 4 shall not apply to and shall terminate immediately prior to the closing of the Companyβs Initial Public Offering. Securities received pursuant to any stock dividend, stock split, recapitalization, or exercise of a conversion right shall be subject to this SectionΒ 4 to the same extent as the shares of the Company with respect to which they were issued. The right of first offer granted under this SectionΒ 4 is transferable to transferees of at least 750,000 shares of Registrable Securities (as adjusted for stock splits, combinations and the like) or to Affiliates.
4.5 Β Β Β Β Prohibited Transfer.Β Β Any attempt by a Founder to transfer Founders Shares in violation of SectionΒ 4 hereof shall be void and the Company agrees it will not effect such a transfer nor will it treat any alleged transferee(s) as the holder of such shares, without the written consent of two-thirds (2/3)Β in interest of the Eligible Investors.
SECTION 5
Right of Co-Sale
5.1 Β Β Β Β Notice of Sales.Β Β Should a Founder (a βSellerβ) propose to accept one or more bona fide offers (collectively, the βPurchase Offerβ) from any persons (βPurchasersβ) to purchase Founders Shares from such Seller (other than as set forth 5.2(d)), then such Seller shall, promptly after exercise or termination of any rights of first refusal held by the Company or the Eligible Investors, deliver a notice (the βNoticeβ) to the Company and all Eligible Investors describing the terms and conditions of the Purchase Offer.
5.2 Β Β Β Β Participation Right.Β Β Each Eligible Investor shall have the right, exercisable upon written notice to such Seller within fifteen (15)Β business days after receipt of the Notice, to participate in such Sellerβs sale of stock pursuant to the specified terms and conditions of such Purchase Offer. To the extent an Eligible Investor exercises such right of participation in accordance with the terms and conditions set forth below, the number of shares of stock which such Seller may sell pursuant to such Purchase Offer shall be correspondingly reduced. The right of participation of each Eligible Investor shall be subject to the following terms and conditions:
(a)Β Β Β Β Calculation of Shares.Β Β Each Eligible Investor may sell all or any part of that number of shares of Common Stock of the Company equal to the number obtained by multiplying (i)Β the aggregate number of Founders Shares covered by the Purchase Offer by (ii)Β a fraction, the numerator of which is the number of shares of Common Stock of the Company at the time owned by such Eligible Investor and the denominator of which is the number of shares of Common Stock of the Company then outstanding. For the purposes of the foregoing calculations, all outstanding options and warrants shall be deemed to be exercised and all Preferred Stock shall be deemed to have been converted into Common Stock at the prevailing conversion rate.
(b)Β Β Β Β Delivery of Certificates.Β Β Each Eligible Investor may effect its participation in the sale by delivering to such Seller for transfer to the Purchaser(s) one or more
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certificates, properly endorsed for transfer, which represent at least the number of shares of Common Stock which such Eligible Investor elects to sell pursuant to this SectionΒ 5.2.
(c)Β Β Β Β Transfer.Β Β The stock certificate or certificates which the Eligible Investor delivers to such Seller pursuant to SectionΒ 5.2 shall be delivered by the Seller to the Purchaser(s) in consummation of the sale of the Securities pursuant to the terms and conditions specified in the Notice, and such Seller shall promptly thereafter remit to such Eligible Investor that portion of the sale proceeds to which such Eligible Investor is entitled by reason of its participation in such sale.
(d)Β Β Β Β Permitted Transactions.Β Β The participation rights in this SectionΒ 5 shall not pertain or apply to:
(i)Β Β Β Β Β Β Any transfer to a revocable grantor trust with respect to which the Seller and members of his family are the sole beneficiaries;
(ii)Β Β Β Β Β Any repurchase of Founders Shares by the Company;
(iii)Β Β Β Β Any exercise by the Company of a right or remedy under the terms of any loan, security or stock pledge agreement where the Founders Shares serve as security for a loan made by the Company;
(iv)Β Β Β Β Β Any transfer to any ancestors or descendants or spouse of a Founder or to a trustee for their benefit or to a custodian for the benefit of a Foundersβ issue; or
(v)Β Β Β Β Β Β Any bona fide gift;
provided, however, that such Founder shall inform the Eligible Investors of such transfer or gift (other than a transfer pursuant to clause (ii)Β or (iii)) prior to effecting it andΒ the transferee or donee (if other than the Company) shall furnish the Company and the Eligible Investors with a written agreement to be bound by and comply with all applicable provisions of this Agreement.
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5.3 Β Β Β Β Sale of Securities by Founder.Β Β Within 45 days of the expiration of the period described in the first paragraph of SectionΒ 5.2, any Founders Shares covered by the Purchase Offer which the Eligible Investors have not elected to purchase may be sold by the Seller to the Purchasers on the terms and conditions of the Purchase Offer. If the Seller does not complete the sale of all Founders Shares covered by the Purchase Offer within such period, the rights of the Eligible Investors with respect to any such unsold Founders Shares shall be deemed to be revived.
5.4 Β Β Β Β Termination and Transfer.Β Β The restrictions imposed and rights granted by this SectionΒ 5 shall not apply to and shall terminate immediately prior to the closing of the Companyβs Initial Public Offering. Securities received pursuant to any stock dividend, stock split, recapitalization, or exercise of a conversion right shall be subject to this SectionΒ 5 to the same extent as the shares of the Company with respect to which they were issued. The co-sale right granted under this SectionΒ 5 is transferable to transferees of at least 750,000 shares of Registrable Securities (as adjusted for stock splits, combinations and the like) or to Affiliates.
5.5 Β Β Β Β Prohibited Transfers.
(a)Β Β Β Β In the event any Founder should sell any Founders Shares in contravention of the co-sale rights of the Investors under SectionΒ 5 (a βProhibited Transferβ), the Investors, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and the Founder shall be bound by the applicable provisions of such option.
(b)Β Β Β Β In the event of a Prohibited Transfer, each Eligible Investor shall have the right to sell to the Founder the type and number of shares of Common Stock equal to the number of shares that such Eligible Investor would have been entitled to transfer to the third-party transferee(s) under SectionΒ 5.2 hereof had the Prohibited Transfer been effected pursuant to and in compliance with the terms thereof. Such sale shall be made on the following terms and conditions:
(i)Β Β Β Β Β Β The price per share at which the shares are to be sold to the Founder shall be equal to the price per share paid by the third-party transferee(s) to the Founder in the Prohibited Transfer. Such price per share shall be paid to the Eligible Investor in cash if the Founder received cash for his shares. If the Founder did not receive cash but received other property instead, the price per share to be paid to the Eligible Investor shall be paid (A)Β in the form of the property received by the Founder for his shares, or (B)Β in cash equal to the fair market value of the property received by such Founder as determined in good faith by the Companyβs Board of Directors, at the option of the Eligible Investor. The Founder shall also reimburse each Eligible Investor for any and all fees and expense, including legal fees and expenses, incurred pursuant to the exercise or the attempted exercise of the Eligible Investorβs rights under SectionΒ 5.
(ii)Β Β Β Β Β Within thirty (30)Β days after the later of the dates on which the Eligible Investor (A)Β received notice of the Prohibited Transfer or (B)Β otherwise became aware of the Prohibited Transfer, each Eligible Investor shall, if exercising the option created hereby, deliver to the Founder the certificate or certificates representing shares to be sold, each certificate to be properly endorsed for transfer.
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(iii)Β Β Β Β The Founder shall, upon receipt of the certificate or certificates for the shares to be sold by an Eligible Investor pursuant to this SectionΒ 5, pay the aggregate purchase price therefor and the amount of reimbursable fees and expenses, as specified in subparagraph 5.5(b)(i), in cash or by other means acceptable to the Eligible Investor.
(c)Β Β Β Β Notwithstanding the foregoing, any attempt by a Founder to transfer Founders Shares in violation of SectionΒ 5 hereof shall be void and the Company agrees it will not effect such a transfer nor will it treat any alleged transferee(s) as the holder of such shares, without the written consent of two-thirds (2/3)Β in interest of the Eligible Investors.
SECTION 6
Miscellaneous
6.1 Β Β Β Β Governing Law; Jurisdiction.Β Β This Agreement shall be construed in accordance with, and governed in all respects by, the laws of the State of California, as applied to agreements entered into, and to be performed entirely in such state, between residents of such state.
The parties hereto agree to submit to the jurisdiction of the federal and state courts of San Mateo County, California with respect to the breach or interpretation of this Agreement or the enforcement of any and all rights, duties, liabilities, obligations, powers, and other relations between the parties arising under this Agreement.
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6.2Β Β Β Β Successors and Assigns.Β Β Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto.
6.3Β Β Β Β Notices, Etc.Β Β All notices and other communications required or permitted hereunder, shall be in writing and shall be sent by facsimile personally delivered, mailed by registered or certified mail, postage prepaid, return receipt requested, or otherwise delivered by a nationally-recognized overnight courier, addressed (a)Β if to an Investor, at Investorβs facsimile number or address as set forth in the records of the Company or (b)Β if to any other holder of any Eligible Securities, at such address as such holder shall have furnished the Company in writing, or, until any such holder so furnishes an address to the Company, then to and at the address of the last holder of such Eligible Securities who has so furnished an address or facsimile number to the Company, or (c)Β if to a Founder, at such Founderβs facsimile number or address set forth on ExhibitΒ B hereto, or a such other address as such Founder shall have furnished to the Company in writing, or (d)Β if to the Company, at its facsimile number or address set forth on the signature page hereto addressed to the attention of the Corporate Secretary, or at such other address as the Company shall have furnished to the Investors. Any such notice or communication shall be deemed to have been received (A)Β in the case of personal delivery, on the date of such delivery, (B)Β in the case of a nationally-recognized overnight courier, on the next business day after the date when sent, (C)Β in the case of mailing, on the third business day following that on which the piece of mail containing such communication is posted and (D)Β in the case of delivery via facsimile, one (1)Β business day after the date of transmission provided that said transmission is confirmed telephonically on the date of transmission.
6.4Β Β Β Β Delays or Omissions.Β Β No delay or omission to exercise any right, power or remedy accruing to any holder of any Eligible Securities upon any breach or default of the Company under this Agreement shall impair any such right, power or remedy of such holder, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any holder of any breach or default under this Agreement, or any waiver on the part of any holder of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing or as provided in this Agreement. All remedies, either under this Agreement or by law or otherwise afforded to any holder, shall be cumulative and not alternative.
6.5Β Β Β Β Third Parties.Β Β Nothing in this Agreement, express or implied, is intended to confer upon any party, other than the parties hereto, and their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein.
6.6Β Β Β Β Severability.Β Β If one or more provisions of this Agreement are held to be unenforceable under applicable law, portions of such provisions, or such provisions in their entirety, to the extent necessary, shall be severed from this Agreement, and the balance of this Agreement shall be enforceable in accordance with its terms.
Β
27
6.7Β Β Β Β Amendment and Waiver.Β Β Any provision of this Agreement may be amended or waived with the written consent of the Company and the Holders of at least two-thirds of the outstanding shares of the Registrable Securities then held by Holders (assuming the exercise or conversion of all outstanding Eligible Securities); provided, however, (i)Β that in the event such amendment or waiver adversely affects the rights and/or obligations of the Founders under this Agreement in a different manner than the other Holders, such amendment or waiver shall also require written consent of the Founders holding a majority of the then outstanding Founders Shares, (ii)Β thatΒ in the event such amendment or waiver adversely affects the rights and/or obligations of Lehman, EuclidSR, Xxxxx Xxxxxxx, GE Capital, Interwest, Alliance, Wasatch, BMSIF or the October 2007 Representative under SectionΒ 2.4 of this Agreement, such amendment or waiver shall not be effective as to Lehman, EuclidSR, Xxxxx Xxxxxxx, GE Capital, Interwest, Alliance, Wasatch, BMSIF or the October 2007 Representative, as the case may be, without the written consent of such party, and (iii)Β that in the event such amendment or waiver adversely affects the rights and/or obligations of Warrantholders under this Agreement in a different manner than the other Holders, such amendment or waiver shall also require the written consent of Warrantholders holding a majority of the then outstanding Warrant Shares. Notwithstanding the foregoing, any purchaser of Series E Preferred Stock pursuant to the 2009 Purchase Agreement may become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and such purchaser shall be deemed a Holder and an Investor hereunder. The parties agree that ExhibitΒ A shall be updated automatically without any formal amendment to reflect the addition of any such additional party. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each Holder, the Founders, the holder of the Other Shares, Warrantholders and the Company. In addition, the Company may waive performance of any obligation owing to it, as to some or all of the Holders, or agree to accept alternatives to such performance, without obtaining the consent of any other Holder. In the event that an underwriting agreement is entered into between the Company and any Holder, and such underwriting agreement contains terms differing from this Agreement, as to any such Holder the terms of such underwriting agreement shall govern.
6.8Β Β Β Β Rights of Holders.Β Β Each Holder shall have the absolute right to exercise or refrain from exercising any right or rights that such holder may have by reason of this Agreement, including, without limitation, the right to consent to the waiver or modification of any obligation under this Agreement, and such holder shall not incur any liability to any other holder of any Securities as a result of exercising or refraining from exercising any such right or rights.
6.9Β Β Β Β Counterparts.Β Β This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.
6.10Β Β Titles and Subtitles.Β Β The titles of the paragraphs and subparagraphs of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement.
6.11Β Β Amendment and Restatement of Prior Agreement.Β Β The undersigned Prior Investors who in the aggregate hold at least two-thirds of the outstanding Registrable Securities (as defined in the Prior Agreement) and the undersigned Founders hereby amend and restate the Prior Agreement pursuant to SectionΒ 6.7 thereof.
Β
28
6.12Β Β Waiver of Right of First Offer.Β Β The undersigned Prior Investors who in the aggregate hold at least two-thirds of the outstanding Registrable Securities (as defined in the Prior Agreement) hereby waive on behalf of all Prior Investors any rights of participation or notice under SectionΒ 3 of this Agreement and the Prior Agreement with respect to the securities sold pursuant to the 2009 Purchase Agreement. By its execution below, Lighthouse waives any right of participation or notice under SectionΒ 3 of this Agreement and SectionΒ 3 of the Prior Agreement with respect to securities sold under the 2009 Purchase Agreement.
6.13Β Β Aggregation of Stock.Β Β All shares of Eligible Securities 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.
6.14Β Β Jury Trial
. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING (WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATED TO THIS AGREEMENT.
* * * * *
Β
29
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
COMPANY: | Β | Β | Β | |||
Β | Β | FLUIDIGM CORPORATION | ||||
Β | Β | By: | Β | Β /s/ Xxxxx X. Xxxxxxxxxxx | ||
Β | Β | Β | Xxxxx X. Xxxxxxxxxxx, | |||
Β | Β | Β | President and Chief Executive Officer | |||
Β | Β | Address: | ||||
Β | Β | Β | 0000 Xxxxxxxxx Xxxxx, Xxxxx 000 | |||
Β | Β | Β | Xxxxx Xxx Xxxxxxxxx, XX 00000 |
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
FOUNDERS: | Β | Β | ||
Β | Β | /s/ Xxxxx X. Xxxxxxxxxxx | ||
Β | Β | Xxxxx X. Xxxxxxxxxxx | ||
Β | Β | /s/ Xxxxxxx X. Quake | ||
Β | Β | Xxxxxxx X. Quake |
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | ARTEMIS HEALTH, INC. | |||
Β | Β | a Delaware Corporation | ||||
Β | Β | By: | Β | Xxxxxxx Xxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx Xxxxxxxx | ||
Β | Β | Title: | Β | Chief Executive Officer |
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | VERSANT AFFILIATES FUND 1-A, L.P. | |||
Β | Β | VERSANT AFFILIATES FUND 1-B, L.P. | ||||
Β | Β | VERSANT SIDE FUND I, L.P. | ||||
Β | Β | VERSANT VENTURE CAPITAL I, L.P. | ||||
Β | Β | By: | Β | Versant Ventures I, LLC | ||
Β | Β | Β | its General Partner | |||
Β | Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx | ||
Β | Β | Name: | Β | Xxxxxx X. Xxxxxxx | ||
Β | Β | Title: | Β | Managing Director |
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | EUCLIDSR PARTNERS, L.P. | |||
Β | Β | By: | Β | EuclidSR Associates, L.P., | ||
Β | Β | Β | its General Partner | |||
Β | Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx X. Xxxxxxxx | ||
Β | Β | Title: | Β | General Partner | ||
Β | Β | EUCLIDSR BIOTECHNOLOGY PARTNERS, L.P. | ||||
Β | Β | By: | Β | EuclidSR Biotechnology Associates, L.P., | ||
Β | Β | Β | its General Partner | |||
Β | Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx X. Xxxxxxxx | ||
Β | Β | Title: | Β | General Partner |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | BIOMEDICALΒ SCIENCESΒ INVESTMENTΒ FUNDΒ PTEΒ LTD | |||||
Β | Β | By: | Β | /s/ Xxx Xxxx Yeok |
Β | |||
Β | Β | Name: | Β | Xxx Xxxx Yeok |
Β | |||
Β | Β | Title: | Β | Director |
Β | |||
Β | Β | SINGAPORE BIO-INNOVATIONS PTE LTD | ||||||
Β | Β | By: | Β | /s/ Xx Xxx Gie |
Β | |||
Β | Β | Name: | Β | Xx Xxx Gie |
Β | |||
Β | Β | Title: | Β | Director |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | WS INVESTMENT COMPANY, LLC (2009A) | |||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxx | ||
Β | Β | Name: | Β | Β | ||
Β | Β | Title: | Β | Β | ||
Β | Β | WS INVESTMENT COMPANY, LLC (2009C) | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxx | ||
Β | Β | Name: | Β | Β | ||
Β | Β | Title: | Β | Β | ||
Β | Β | WS INVESTMENT COMPANY, LLC (99B) | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxx | ||
Β | Β | Name: | Β | Β | ||
Β | Β | Title: | Β | Β | ||
Β | Β | WS INVESTMENT COMPANY, LLC (2000B) | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxx | ||
Β | Β | Name: | Β | Β | ||
Β | Β | Title: | Β | Β | ||
Β | Β | WS INVESTMENT COMPANY, LLC (2001D) | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxx | ||
Β | Β | Name: | Β | Β | ||
Β | Β | Title: | Β | Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | ALLOY VENTURES 2005, L.P. | |||||
Β | Β | By: | Β | Alloy Ventures 2005, LLC | Β | |||
Β | Β | Β | its General Partner | Β | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxx |
Β | |||
Β | Β | Name: | Β | Xxxxx X. Xxxxxx |
Β | |||
Β | Β | Title: | Β | Managing Member of Alloy Ventures 2005 LLC | ||||
Β | Β | Β | Managing Member of Alloy Ventures 2005, L.P. | |||||
Β | Β | ALLOY VENTURES 2002, L.P. | ||||||
Β | Β | ALLOY PARTNERS 2002, L.P. | ||||||
Β | Β | By: | Β | Alloy Ventures 2002, LLC | Β | |||
Β | Β | Β | its General Partner | Β | ||||
Β | Β | By: | Β | /s/ Xxxxx X. Xxxxxx |
Β | |||
Β | Β | Name: | Β | Xxxxx X. Xxxxxx |
Β | |||
Β | Β | Title: | Β | Managing Member of Alloy Ventures 2002 LLC | ||||
Β | Β | Β | Managing Member of Alloy Partners 2002, L.P. | |||||
Β | Β | Β | and Alloy Ventures 2002, L.P. |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | ||
Β | Β | /s/ Xxxxx Xxxxxxx | ||
Β | Β | XXXXX XXXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | XXXXXX X. XXXXXXXX, XX. REVOCABLE TRUST | |||
Β | Β | U/D/T DATED MAY 27, 2004, | ||||
Β | Β | XXXXXX X. XXXXXXXX, XX., TRUSTEE | ||||
Β | Β | By: | Β | /s/ Xxxxxx X. Xxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxx X. Xxxxxxxx | ||
Β | Β | Title: | Β | Trustee |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | ALLIANCEBERNSTEIN VENTURE FUND I, L.P. | |||
Β | Β | By: | Β | AllianceBernsteinΒ ESGΒ VentureΒ Management, L.P.,its general partner | ||
Β | Β | By: | Β | AllianceBernstein Global Derivatives Corporation, its general partner | ||
Β | Β | By: | Β | /s/ Xxxx Xxxxxx | ||
Β | Β | Name: | Β | Xxxx Xxxxxx | ||
Β | Β | Title: | Β | Vice President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | SIGHTLINE HEALTHCARE FUND III, L.P. | |||
Β | Β | By: | Β | /s/ Xxxxxxx Xxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx Xxxxxx | ||
Β | Β | Title: | Β | Managing Director |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | CROSS CREEK CAPITAL, L.P. | |||
Β | Β | By: | Β | Cross Creek Capital GP, L.P., its Sole General Partner | ||
Β | Β | By: | Β | Cross Creek Capital, LLC, its Sole General Partner | ||
Β | Β | By: | Β | Wasatch Advisors, Inc., its Sole Member | ||
Β | Β | By: | Β | Xxxxxx Xxxxxxx | ||
Β | Β | Name: | Β | /s/ Xxxxxx Xxxxxxx | ||
Β | Β | Title: | Β | Vice President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | CROSSΒ CREEKΒ CAPITALΒ EMPLOYEESβΒ FUND,Β L.P. | |||
Β | Β | By: | Β | Cross Creek Capital GP, L.P., its Sole General Partner | ||
Β | Β | By: | Β | Cross Creek Capital, LLC, its Sole General Partner | ||
Β | Β | By: | Β | Wasatch Advisors, Inc., its Sole Member | ||
Β | Β | By: | Β | /s/ Xxxxxx Xxxxxxx | ||
Β | Β | Name: | Β | Xxxxxx Xxxxxxx | ||
Β | Β | Title: | Β | Vice President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | WASATCH FUNDS, INC. | |||
Β | Β | Wasatch Small Cap Growth Fund | ||||
Β | Β | By: | Β | Wasatch Advisors, Inc., | ||
Β | Β | Β | its Investment Adviser | |||
Β | Β | By: | Β | /s/ Xxxxxx Xxxxxxx | ||
Β | Β | Name: | Β | Xxxxxx Xxxxxxx | ||
Β | Β | Title: | Β | Vice President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | Β | Β | Β | |||||
Β | Β | Β | Β | SMALLCAP WORLD FUND, INC. | Β | Β | Β | Β | ||
Β | Β | By: | Β | Capital Research and Management Company, | ||||||
Β | Β | Β | its investment adviser | Β | Β | |||||
Β | Β | By: | Β | /s/ Xxxxxxx X. Xxxxxx |
Β | Β | ||||
Β | Β | Name: | Β | Xxxxxxx X. Xxxxxx |
Β | Β | ||||
Β | Β | Title: | Β | Senior Vice President and Secretary |
Β | Β |
Β
Β | Β | ApprovedΒ forΒ Signature | Β | Β | Β | Β | ||||
Β | Β | Β | L2e | Β | Β | |||||
Β | Β | byΒ CRMCΒ LegalΒ Dept. | Β | Β | Β | Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | Β | Β | |||
Β | Β | FIDELITY CONTRAFUND: | ||||
Β | Β | FIDELITY ADVISOR NEW INSIGHTS FUND | ||||
Β | Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx Xxxxxxxxx | ||
Β | Β | Xxxxx: | Β | Deputy Treasurer | ||
Β | Β | FIDELITY CONTRAFUND: FIDELITY CONTRAFUND | ||||
Β | Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx Xxxxxxxxx | ||
Β | Β | Xxxxx: | Β | Deputy Treasurer | ||
Β | Β | VARIABLE INSURANCE PRODUCTS FUND II: | ||||
Β | Β | CONTRAFUND PORTFOLIO | ||||
Β | Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | ||
Β | Β | Name: | Β | Xxxxxxx Xxxxxxxxx | ||
Β | Β | Xxxxx: | Β | Deputy Treasurer |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | IN-Q-TEL, INC. | ||
Β | By: | Β | /s/ Xxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxx Xxxxxxxxx | |
Β | Title: | Β | CFO | |
Β | IN-Q-TEL EMPLOYEES FUND, LLC | |||
Β | By: | Β | /s/ Xxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxx Xxxxxxxxx | |
Β | Title: | Β | CFO of In-Q-Tel, Inc., the manager | |
Β | Β | of the fund. |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | LEERINK XXXXX HOLDINGS, LLC | ||||
Β | By: | Β | [illegible] |
Β | ||
Β | Name: | Β | Β |
Β | ||
Β | Title: | Β | Β |
Β | ||
Β | LEERINK XXXXX CO-INVESTMENT FUND, LLC | |||||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx X. Xxxxxxx |
Β | ||
Β | Title: | Β | Management Committee Member |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | TECHNOGEN LIQUIDATING TRUST | Β | |||
Β | By: | Β | /s/ Xxxxx Xxxxx |
Β | ||
Β | Name: | Β | Xxxxx Xxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXXXX PARTNERS | ||
Β | By: | Β | [illegible] | |
Β | Name: | Β | [illegible] | |
Β | Title: | Β | Managing Partner |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXX REVOCABLE TRUST | ||
Β | By: | Β | /s/ Xxxxxx X. Xxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxx | |
Β | Title: | Β | Trustee |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXXX X. XXXXXX, AND HIS SUCCESSOR(S), AS THE TRUSTEE OF THE XXXXXXX X. XXXXXX FAMILY TRUST | ||||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx X. Xxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | X.X. XXXX CO., INC. AS NOMINEE 1999-114 | ||
Β | By: | Β | /s/ Xxxxxx X. Xxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxx | |
Β | Title: | Β | Vice President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxxx Xxxxx |
XXXXXXXX XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxx X. Xxxxxx |
XXXXXX X. XXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxx X. Xxxxxxx M.D. |
XXXXX X. XXXXXXX M.D. |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx X. Xxxxx |
XXXXXXX X. XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxx X. Xxxxx |
XXXXXX X. XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxx X. Xxxxxx |
XXXXX X. XXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxx X. Xxxxxxx |
XXXX X. XXXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx Xxxxx |
XXXXXXX XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxxxx Xxxxxxxxxx M.D. |
XXXXXXXXX XXXXXXXXXX M.D. |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx Xxxxxx |
XXXXXXX XXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx X. Xxxxxxxx |
XXXXXXX X. XXXXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXXX X. XXXXX AND XXXXXX X. XXXXX, TRUSTEES OF THE XXXXX FAMILY TRUST 1996 TRUST | ||||||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxx |
Β | Β | |||
Β | Name: | Β | Xxxxxxx X. Xxxxx |
Β | Β | |||
Β | Title: | Β | Trustee |
Β | Β | |||
Β | /s/ Xxxxxxx X. Xxxxx |
Β | ||||||
Β | XXXXXXX X. XXXXX | Β | Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxx Xxxxxx |
XXXX XXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxx St. Xxxx |
XXXX ST. XXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxx X. Bang |
XXXX X. BANG |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx X. XxXxx |
XXXXXXX X. XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxx X. Xxxxxx |
XXXXXX X. XXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxx X. Xxxxxxxx |
XXXXX X. XXXXXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s/ Xxxxxxx van Ysendoorn |
XXXXXXX VAN YSENDOORN |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
INVESTORS:
Β
/s Xxxx Van Der Xxxx |
XXXX VAN DER BURG |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXX-XXXX FAMILY TRUST | Β | |||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx X. Xxxxx |
Β | ||
Β | Title: | Β | Β |
Β | ||
Β | /s/ Xxxxxxx X. Xxxxx | |||||
Β | XXXXXXX X. XXXXX |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | ANALIZA, INC. | ||
Β | By: | Β | /s/ Xxxxx Xxxxx | |
Β | Name: | Β | Xxxxx Xxxxx | |
Β | Title: | Β | President |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | |
Β | /s/ Xxxx X. Xxxxxxxx PhD M.D. | |
Β | XXXX X. XXXXXXXX PHD M.D. |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | ADVISORY TRUST COMPANY OF DELAWARE, CUSTODIAN FOR XXXXXX XXX XXXX XXX | ||
Β | By: | Β | /s/ Xxxxxx Xxxxxxxx | |
Β | Name: | Β | Xxxxxx Xxxxxxxx | |
Β | Title: | Β | Trust Administrator |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | NR07, LLC | ||
Β | By: | Β | /s/ Xxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxx Xxxxxxxxx | |
Β | Title: | Β | Manager |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | TTC FUND I, LLC | ||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxxx | |
Β | Title: | Β | Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXX X. XXXXXXXX, TRUSTEE OF THE XXXX X. XXXXXXXX TRUST UTD DATED MARCHΒ 29, 2000 | ||||
Β | By: | Β | /s/ Xxxx X. Xxxxxxxx |
Β | ||
Β | Name: | Β | Xxxx X. Xxxxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β | ||
Β | XXXX X. XXXXXXXX, TRUSTEE OF THE ELISABETH NORTH XXXXXXXX XXXXXXXX TRUST UTA DATED JANUARY 17, 2001 |
Β | ||||
Β | By: | Β | /s/ Xxxx X. Xxxxxxxx |
Β | ||
Β | Name: | Β | Xxxx X. Xxxxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXX X. XXXXXXXXX AND XXXXXXXX X. XXXXXXXXX, TRUSTEES OR THEIR SUCCESSOR(S) OF THE XXXXXX X. XXXXXXXXX AND XXXXXXXX X. XXXXXXXXX FAMILY TRUST DATED NOVEMBERΒ 19, 1997 | ||||
Β | By: | Β | /s/ Xxxxxx X. XxXxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx X. XxXxxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | ADVISORY TRUST COMPANY OF DELAWARE, CUSTODIAN FOR XXXXX XXXXXXXX XXXX XXX | ||||
Β | By: | Β | /s/ Xxxxxx Xxxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx Xxxxxxxx |
Β | ||
Β | Title: | Β | Trust Adminstrator |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | THE XXXXXX FAMILY TRUST | ||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxxx | |
Β | Title: | Β | TTE |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | HEALTH CARE ADMINISTRATION COMPANY | ||||
Β | By: | Β | /s/ Xxxx X. Xxxxxx |
Β | ||
Β | Name: | Β | Xxxx X. Xxxxxx |
Β | ||
Β | Title: | Β | President |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | GLAXOSMITHKLINE LLC | ||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxx | |
Β | Name: | Β | Xxxxxxx X. Xxxxxx | |
Β | Title: | Β | Vice President & Secretary |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | BURWEN FAMILY TRUST U/D/T DATED 9/30/88 | ||||
Β | By: | Β | /s/ Xxxxx X. Xxxxxx |
Β | ||
Β | Name: | Β | Xxxxx X. Xxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXXX X. XXXXXXX TRUST AGREEMENT DATED JUNEΒ 5, 1996 | ||||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx X. Xxxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXX X. XXXXXX, XX. TTEE XXXXXX FAMILY TRUST U/A DTD 7/06/88 | ||||
Β | By: | Β | /s/ Xxxxx X. Xxxxxx |
Β | ||
Β | Name: | Β | Xxxxx X. Xxxxxx |
Β | ||
Β | Title: | Β | Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | THE V FOUNDATION FOR CANCER RESEARCH | ||||
Β | By: | Β | /s/ Xxxx Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxx Xxxxxxx |
Β | ||
Β | Title: | Β | CEO |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXX X. XXXXX, XX. AND XXXXXXX X. XXXXX TTEES XXXXX FAMILY REVOCABLE TRUST DTD 01/22/97 | ||
Β | By: | Β | /s/ Xxx X. Xxxxx and Xxxxxxx X. Xxxxx | |
Β | Name: | Β | Xxx X. Xxxxx and Xxxxxxx X. Xxxxx | |
Β | Title: | Β | Trustees |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | XXXXXXX X. XXXXX AND XXXXXXX X. XXXXX, OR THEIR SUCCESSORS, AS TRUSTEES OF THE XXXXX FRT DTD 3/10/99 | ||||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx X. Xxxxx |
Β | ||
Β | Title: | Β | Co-Trustee |
Β | ||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx X. Xxxxx |
Β | ||
Β | Title: | Β | Co-Trustee |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Β
INVESTORS: | Β | 2008 XXXXXXX XXXXXX QUAKE AND ATHINA PEIOU-QUAKE REVOCABLE TRUST DATED AUGUSTΒ 14, 2008 | ||||
Β | By: | Β | /s/ Xxxxxxx Xxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx Xxxxx |
Β | ||
Β | Title: | Β | Β |
Β |
Β
[Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
EXHIBIT A
NEW INVESTORS
New Investors
Β
Artemis Health, Inc.
2008 Xxxxxxx Xxxxxx Quake and Athina Peiou-Quake Revocable Trust dated AugustΒ 14, 2008
ABT Holding Company
Advisory Trust Company of Delaware, Custodian for Xxxxx Xxxxxxxx Xxxx Xxx
Advisory Trust Company of Delaware, Custodian for Xxxxxx Xxx Xxxx XXX
Xxxxxxxxx Xxxxxxxxxx, M.D.
Xxxxx Xxx, Trustee Intervivos Trust dated 5/14/91
Xxxxxx X. Xxxxxx
AllianceBernstein Venture Fund I, L.P.
Alloy Partners 2002, L.P.
Alloy Ventures 2002, L.P.
Alloy Ventures 2005, L.P.
Analiza, Inc.
Biomedical Sciences Investment Fund Pte Ltd
XxxxxxxxΒ X. Xxxxxxx and XxxxxΒ X. Xxxxxxx as Trustees of The Xxxxxxx Family Trust u/a/d 7/30/97
Xxxxx Xxxxxxx
Burwen Family Trust u/d/t dated 9/30/08
Xxxxx/Xxxx Trust
Cross Creek Capital, L.P.
Cross Creek Employeesβ Fund, L.P.
Xxxxx Xxxxx Xxxxxxxx and Gaja Xxxxxxx Xxxxxxxx, as Trustees of the Xxxxxxxx Family Trust dtd 4/25/03
Xxxxxx Xxxxx
XxxxxxΒ X. Xxxxxxx
Xxxx Van Der Xxxx
XxxxΒ X. Xxxxxxxx, Trustee of the Elisabeth North Xxxxxxxx Xxxxxxxx Trust uta dated JanuaryΒ 17, 2001
XxxxΒ X. Xxxxxxxx, Trustee of the XxxxΒ X. Xxxxxxxx Trust u/t/d dated MarchΒ 29, 2000
EuclidSR Biotechnology Partners, L.P.
EuclidSR Partners, L.P.
New Investors
Β
Xxxxxxxx/Xxxx Family Trust dated 6/28/99
Fidelity Contrafund: Fidelity Contrafund
Fidelity Contrafund: Fidelity Advisor New Insights Fund
Xxxx St. Xxxx
Xxxxxxxx Xxxxx
XxxxΒ R. Bang
General Electric Capital Corporation
XxxxxxΒ X. Xxxxxx
Glaxo Group Limited
Health Care Administration Company
Xxxxx Xxxxxxx
XxxxxΒ X. Xxxxxx, Xx., Trustee of the Xxxxxx Family Trust udt dated JulyΒ 6, 1988
XxxxxxxΒ X. Xxxxxxxx
In-Q-Tel, Inc.
InterWest Investors VII, L.P.
InterWest Partners VII, L.P.
Invus, L.P.
J.F. Xxxx Co., Inc., a Nominee 1999-114
Jacaranda Partners
XxxxxΒ X. Xxxxxxxx PhD
XxxxxΒ X. Xxxxxxx, M.D.
XxxxΒ X. Stobeck, PhD, M.D.
XxxxΒ X. Xxxxxxx
XxxxxxxxΒ X. Xxxx and XxxxxxΒ X. Xxxx, Trustees of the Hoot Family Revocable Trust dtd 3/16/99
XxxxxxxΒ X. Xxxxx
Xxxxx Revocable Trust
Leerink Xxxxx Co-Investment Fund, LLC
Leerink Xxxxx Holdings, LLC
Xxxxxx Brothers Healthcare Venture Capital, X.X.
Xxxxxx Brothers Offshore Partnership Account 2000/2001, X.X.
Xxxxxx Brothers P.A., LLC
New Investors
Β
Xxxxxx Brothers Partnership Account 2000/2001, L.P.
XxxΒ X. Xxxxx, Xx. and XxxxxxxΒ X. Xxxxx, TTEES Parry Family Revocable Trust dtd 01/22/97
Lilly BioVentures, Xxx XxxxxΒ & Company
Xxxxxxxx Partners
Xxxxxxx Xxxxx
Xxxxxxx XxXxx
XxxxxxxΒ X. Xxxxxxx Trust Agreement dated JuneΒ 5, 1996
Xxxxxx Family Investment Partnership
NR07, LLC
Oculus Pharmaceuticals, Inc.
Xxx and Xxxxx Xxxxxxx Revocable Trust
Xxxxxxx Xxxxxx
Xxxx Xxxxxx
Xxxxxxx Van Ysendoorn
XxxxxΒ X. Xxxxxx
XxxxxΒ X. Xxxxxxxx
XxxxxΒ X. Xxxxx
XxxxxxΒ X. Xxxxxxxxx and XxxxxxxxΒ X. Xxxxxxxxx, Trustee or their successor(s) of the XxxxxxΒ X. Xxxxxxxxx and XxxxxxxxΒ X. Xxxxxxxxx Family Trust dated NovemberΒ 19, 1997
XxxxxxΒ X. Xxxxxxxx, Xx. Revocable Trust u/d/t dated May 27, 2004, XxxxxxΒ X. Xxxxxxxx, Xx. Trustee
Sightline Healthcare Fund III, L.P.
SMALLCAP World Fund, Inc.
GlaxoSmithKline LLC
XxxxxxxΒ X. Xxxxxx, and his successor(s), as the Trustee of the XxxxxxxΒ X. Xxxxxx Family Trust
XxxxxxxΒ X. Xxxxx
XxxxxxxΒ X. Xxxxx and XxxxxxΒ X. Xxxxx, Trustees of the Xxxxx Family 1996 Trust
XxxxxxxΒ X. Xxxxx
Technogen Liquidating Trust
The Xxxxxx Family Trust
The V Foundation for Cancer Research
XxxxxxΒ X. Xxxxx
Β
New Investors |
XxxxxxxΒ X. Xxxxx |
TTC Fund I, LLC |
Variable Insurance Products Fund II: Contrafund Portfolio |
Versant Affiliates Fund 1-A, L.P. |
Versant Affiliates Fund 1-B, L.P. |
Versant Side Fund I, L.P. |
Versant Venture Capital I, L.P. |
Wasatch Funds, Inc. |
XxxxxxxΒ X. Xxxxx III, M.D. |
XxxxxxxΒ X. Xxxxx and XxxxxxxΒ X. Xxxxx, or their successors, as trustees of The Xxxxx FRT dtd 3/10/99 |
WS Investment Company, LLC (2009C) |
WS Investment Company, LLC (2009A) |
EXHIBITΒ B
SCHEDULE OF FOUNDERS
Β
Xxxxx X. Xxxxxxxxxxx c/o Fluidigm Corporation 0000 Xxxxxxxxx Xxxxx, Xxxxx 000 Xxxxx Xxx Xxxxxxxxx, XX 00000 |
Xxxxxxx X. Quake 000 Xxxxxxxx Xxx Xxxxxxxx, XX , 00000 |
EXHIBITΒ C
PRIOR INVESTORS
Β
Certain Warrantholders |
In-Q-Tel Employee Fund, LLC |
In-Q-Tel, Inc. |
Lighthouse Capital Partners V, L.P. |
Prior Series E Investors |
Xxxxxx X. Xxxxxx |
AllianceBernstein Venture Fund I, L.P. |
Alloy Partners 2002, L.P. |
Alloy Ventures 2002, L.P. |
Alloy Ventures 2005, L.P. |
Biomedical Sciences Investment Fund Pte Ltd |
Xxxxx Xxxxxxx |
Xxxxx Xxxxxxx |
ClearmoonΒ & Co. |
ClipperbayΒ & Co. |
EuclidSR Biotechnology Partners, L.P. |
EuclidSR Partners, X.X. |
Xxxxxxxx/Xxxx Family Trust Dated 6/28/99 |
Xxxxxxxx X. Xxxxx |
Health Care Administration Company |
In-Q-Tel Employee Fund, LLC |
In-Q-Tel, Inc. |
Interwest Investors VII, L.P. |
Interwest Partners VII, L.P. |
Xxxx X. Xxxxxxx |
Leerink Xxxxx Co-Investment Fund, LLC |
Leerink Xxxxx Holdings, LLC |
Xxxxxx Brothers Healthcare Venture Capital X.X. |
Xxxxxx Brothers Offshore Partnership Account 2000/2001, L.P. |
Β
Prior Series E Investors |
Xxxxxx Brothers P.A. LLC |
Xxxxxx Brothers Partnership Account 2000/2001, X.X. |
Xxxxx Bio Ventures, Xxx Xxxxx and Company |
Fidelity Contrafund-Fidelity Advisor New Insights Fund |
Fidelity Contrafund-Fidelity Contrafund |
Variable Insurance Products Fund II-Contrafund Portfolio |
PACO c/o 80-16-200-1037662 |
PACO c/o 80-16-200-1037670 |
Xxxxxxx X. van Ysendoorn |
Xxxxx X. Xxxxx |
SightLine Healthcare Fund III, L.P. |
The Xxxxxx Family Trust |
The V Foundation for Cancer Research |
Versant Affiliates Fund 1-A, L.P. |
Versant Affiliates Fund 1-B, L.P. |
Versant Side Fund I, L.P. |
Versant Venture Capital I, L.P. |
Prior Series D Investors |
Xxxxxxxxx Xxxxxxxxxx, MD |
Xxxxx Xxxxxxxx |
Alloy Partners 2002, L.P. |
Alloy Ventures 2005, L.P. |
Beveren Company |
Biomedical Sciences Investment Fund Pte Ltd |
Xxxxxxxx X. Xxxx |
Xxxxx Xxxxxxx |
Xxxxx-Xxxx Family Trust |
Xxxxx X. Xxxxxxxx and Gaja Xxxxxxx Xxxxxxxx, as Trustees of the Xxxxxxxx Family Trust u/a/d 4/25/03 |
Xxxxxx X. XxXxxxx |
Xxxx Xxxxxxxxxx |
EuclidSR Biotechnology Partners, L.P. |
EuclidSR Partners, L.P. |
Β
Prior Series D Investors |
Xxxxxxxx/Xxxx Family Trust |
Xxxxxxx Xxxxxxxx Xxxxxx |
Xxxxxxxxx Xxxxx |
Xxxx R. Bang |
GE Capital Equity Investments, Inc. |
Health Care Administration Company |
Xxxxx X. Xxxxxx, Xx., Trustee of The Xxxxxx Family Trust UDT Dated JulyΒ 6, 1988 |
Xxxxxx X. Xxxxxxxx and Xxxxxx X. Xxxxxxxx Trustees of the Xxxxxxxx Family Trust U/A DTD 05/26/1994 |
Interwest Investors VII, L.P. |
Interwest Partners VII, L.P. |
Invus, L.P. |
J.F. Xxxx Co., Inc., as Nominee 1999-114 |
Xxxx X. Xxxxxxx |
Xxxxx Revocable Trust |
Xxxxxx Brothers Healthcare Venture Capital, X.X. |
Xxxxxx Brothers Offshore Partnership Account 2000/2001, X.X. |
Xxxxxx Brothers P.A. LLC |
Xxxxxx Brothers Partnership Account 2000/2001, X.X. |
Xxxxx BioVentures, Xxx Xxxxx and Company |
Xxxxxxxx Partners |
Xxx and Xxxxx Xxxxxxx Revocable Trust |
Xxxxxxx Xxxxxx |
Xxxx Xxxxxx |
Xxxxx Xxxxxxx Healthcare Fund III, L.P. |
Xxxxxx X. XxXxxxxxx and Xxxxxxxx X. XxXxxxxxx, Trustee, or their successor(s) of THE XXXXXX X. XxXXXXXXX AND XXXXXXXX X. XxXXXXXXX FAMILY TRUST AGREEMENT, DATED NOVEMBER 19, 1997 |
Xxxxxx X. Xxxxxxxx, Xx., Trustee of the Xxxxxx Xxxxxxxx Trust U/A DTD MayΒ 27, 2004 |
Xxxxxxx X. Xxxxxx |
The V Foundation for Cancer Research |
Versant Affiliates Fund 1-A, L.P. |
Versant Affiliates Fund 1-B, L.P. |
Versant Side Fund I, L.P. |
Β
Prior Series D Investors |
Versant Venture Capital I, L.P. |
Prior Series C Investors |
Xxxxxx X. Xxxxxx |
Xxxxx Xxxxxxxx |
Beveren Company |
Xxxxxxxx X. Xxxx |
Xxxxx Xxxxxxx |
Burwen Family Trust U/D/T dated 9/30/88 |
Xxxxxxx X. Xxxxxx |
Xxxxx Xxxxxxxx, Trustee of 2000 Xxxxx Xxxxx Xxxxxxxx Trust |
Xxxx X. Xxxxxxxx, Trustee of the Xxxxxxxxx North Xxxxxxxx Xxxxxxxx Trust UDT dated JanuaryΒ 17, 2001 |
Xxxx X. Xxxxxxxx, Trustee of the Xxxx X. Xxxxxxxx Trust UDT dated MarchΒ 29, 2000 |
EuclidSR Biotechnology Partners, L.P. |
EuclidSR Partners, L.P. |
Xxxxxxx Xxxxxx |
GE Capital Equity Investments, Inc. |
Xxxxxx X. Xxxxxx |
Glaxo Group Limited |
Health Care Administrative Co. |
Xxxxx Xxxxxxx |
Xxxxx X. Xxxxxx, Xx., Trustee, The Xxxxxx Family Trust U/A DTD 7/06/88 |
Xxxxxxx X. Xxxxxxxx |
Xxxxxx X. Xxxxxxxx |
Interwest Investors VII, L.P. |
Interwest Partners VII, L.P. |
Xxxxx X. Xxxxxxx |
Xxxx X. Xxxxxxxx, MD PhD |
Xxxxxxx X. Xxxxx |
Xxxxx Revocable Trust |
Xxxxxx Brothers Healthcare Venture Capital X.X. |
Xxxxxx Brothers Offshore Partnership Account 2000/2001, X.X. |
Xxxxxx Brothers P.A. LLC |
Β
Prior Series C Investors |
Xxxxxx Brothers Partnership Account 2000/2001, L.P. |
Xxx X. Xxxxx and Xxxxxxx X. Xxxxx TTEES Xxxxx Family Revocable Trust DTD 1/22/97 |
Lilly BioVentures, Xxx Xxxxx and Company |
Xxxxxxxx Partners |
Xxxxxxx X. XxXxx |
Xxxxxxx X. Xxxxxxx |
Xxxx Xxxxxx |
Xxxxx X. Xxxxxxxx |
Xxxxx Xxxxxxx Healthcare Fund III, L.P. |
Security Trust Co., Custodian FBO Xxxxx Xxxxxxxx XXX/RO |
Singapore Bio-Innovations Pte Ltd |
SmithKline Xxxxxxx Corporation |
Xxxxxxx X. Xxxxx |
Xxxxxxx X. Xxxxx |
TBCC Funding Trust II |
The Xxxxxx Family Trust Dated 4/5/90 |
The Hoot Family Revocable Trust |
Xxxxxx X. Xxxxx |
Xxxxxxx X. Xxxxx |
Versant Affiliates Fund 1-A, L.P. |
Versant Affiliates Fund 1-B, L.P. |
Versant Side Fund I, L.P. |
Versant Venture Capital I, L.P. |
Xxxxxxx X. Xxxxx and Xxxxxxx X. Xxxxx, or their successors, as Trustees of the Xxxxx Family Revocable Trust dated MarchΒ 10, 1999 |
WS Investment Company, LLC (2001D) |
Prior Series A and Series B Investors |
Versant Venture Capital I, L.P. |
Versant Side Fund I, L.P. |
Versant Affiliates Fund 1-A, L.P. |
Versant Affiliates Fund 1-B, L.P. |
Interwest Partners VII, L.P. |
Β
Prior Series A and Series B Investors |
Interwest Investors VII, L.P. |
Technogen Associates, L.P. |
Xxxxxxx Xxxxxx |
Xxx and Xxxxx Xxxxxxx Revocable Trust |
The 2000 Xxxxx Xxxxx Xxxxxxxx Trust |
Xxxxxxx X. Xxxxxx |
TTC Fund I, LLC |
Traff Family 1993 Irrevocable Trust |
Xxxxxxx X. Xxxxx and Xxxxxx X. Xxxxx, Trustees of the Xxxxx Family 1996 Trust |
WS Investment Company 0000X |
Xxxxxxxx X. Xxxx |
Xxxxxx X. Xxxxxx |
Beveren Company |
Burwen Family Trust U/D/T dated 9/30/88 |
Xxxxx Xxxxxxx |
Xxxxxxx Xxxxxxx |
Xxxxx X. Xxxxxx |
Xxxx Xxxx |
Xxxxxx X. East |
Xxxxx X. Xxxxxxxx |
Xxxxxxx X. Xxxxxx |
Xxxxxxxx/Xxxx Family Trust Dated 6/28/99 |
Xxxxxxx Xxxxx |
Xxxxxxxx X. Xxxxxxx and Xxxxx X. Xxxxxxx, as Trustees of the Xxxxxxx Family Trust U/A/D 7/30/97 |
Xxxxxx Xxxxx |
Xxxx X. Xxxxxxx |
Health Care Administration Company |
The Xxxxxxxx Family Trust / Desert Springs Investment |
Xxxxx X. Xxxxxxxx |
Xxxxxxxx X. Xxxx and Xxxxxx X. Xxxx, Trustees of the 1999 Hoot Family Revocable Trust DTD 3/16/99 |
Xxxxxx X. Xxxxxxxx |
Xxxxx Revocable Trust |
Xxxxx X. Xxxxxxx, M.D. Ph.D |
Β
Prior Series A and Series B Investors |
Xxxxxxxx Partners |
Xxxxx X. Xxxxxx, Xx., TTEE Xxxxxx Family Trust U/A DTD 7/06/88 |
Xxxxx Xxx, Trustee, Intervivos Trust Dated 5/14/91 |
Xxxxxxx X. Xxxxx |
Xxxxxx Family Investment Partnership |
Xxxxxxxx Xxxxx |
Xxxx St. Xxxx |
Xxxxxx X. Xxxxxx |
Xxxxx Family 1993 Irrevocable Trust / Desert Springs Investment |
WS Investment Company 99B |
Xxxxxxx X. Xxxxx III M.D. |
Xxx and Xxxxx Xxxxxxx Revocable Trust |
The Xxxxxx Family Trust |
Xxxxxxx X. Xxxxxx |
Jacaranda Partners |
X.X. Xxxx Co., Inc. as Nominee 1999-114 |
FLUIDIGM CORPORATION
AMENDMENT NO. 1
TO NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
This Amendment No.Β 1 (this βAmendmentβ) to that certain Ninth Amended and Restated Investor Rights Agreement, dated as of NovemberΒ 16,Β 2009 (the βRights Agreementβ), by and among Fluidigm Corporation, a Delaware corporation (the βCompanyβ), and the Investors and Founders named therein is entered into effective as of JuneΒ 14, 2010, by and among the Company and the undersigned Investors constituting the Holders of at least two-thirds (Β 2/3) of the outstanding shares of the Registrable Securities now held by all Holders (assuming the exercise or conversion of all outstanding Eligible Securities). Capitalized terms not defined herein have the meanings set forth in the Rights Agreement.
RECITALS
WHEREAS, on JuneΒ 14,Β 2010, the Company and Lighthouse Capital Partners V, L.P. (βLighthouseβ) entered into that certain Amendment No.Β 8 (the βLighthouse Amendmentβ) to Loan and Security Agreement No.Β 4561, dated as of MarchΒ 29, 2005, as amended;
WHEREAS, under the terms of the Lighthouse Amendment, the Company agreed to amend and restate certain warrants to purchase preferred stock that the Company previously issued to Lighthouse (the βRestated Warrantsβ) to provide that such Restated Warrants are exercisable for the right to purchase shares of a newly created series of the Companyβs preferred stock (the βRestated Warrant Sharesβ);
WHEREAS, under the terms of the Lighthouse Amendment, the Company agreed to issue to Lighthouse a new warrant to purchase preferred stock (the βAdditional Warrantβ) exercisable for the right to purchase up to that number of shares of the Companyβs Preferred Stock (as defined in the Additional Warrant) equal to $699,760 divided by the Purchase Price (as defined in the Additional Warrant) (the βAdditional Warrant Sharesβ);
WHEREAS, under the terms of the Restated Warrants and the Additional Warrant, the Company agreed to grant to Lighthouse the rights of a βHolderβ and βWarrantholderβ under the Rights Agreement, including the registration rights contained therein, with respect to the Restated Warrant Shares and the Additional Warrant Shares;
WHEREAS, the Company and the undersigned Investors desire to amend the Rights Agreement to grant to Lighthouse the rights of a βHolderβ and βWarrantholderβ under the Rights Agreement and provide for registration rights with respect to the Restated Warrant Shares and the Additional Warrant Shares;
WHEREAS, the Company and the undersigned Investors desire to amend the definition of βWarrant Sharesβ under the Rights Agreement to delete language that refers to certain warrants to purchase shares of the Companyβs preferred stock that are no longer outstanding;
WHEREAS, pursuant to SectionΒ 6.7 of the Rights Agreement, the Rights Agreement may be amended with the written consent of the Company and Holders of at least two-thirds (Β 2/3) of the outstanding shares of the Registrable Securities then held by Holders (assuming the exercise or conversion of all outstanding Eligible Securities) (the βRequisite Holdersβ); and
WHEREAS, the Company and the undersigned Investors constituting the Requisite Holders desire to amend the Rights Agreement to provide for the foregoing changes.
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows:
AGREEMENT
SECTIONΒ 7 Amendment and Restatement of Definition. The definition of βLighthouse Preferred Warrantsβ set forth in SectionΒ 1.1 is hereby amended and restated in its entirety as follows:
ββLighthouse Preferred Warrantsβ shall mean (i)Β the Amended and Restated Preferred Stock Purchase Warrant dated JuneΒ 14,Β 2010, pursuant to which Lighthouse Capital Partners V, L.P. (βLighthouseβ) may purchase shares of the Companyβs authorized Series D-1 Preferred Stock; (ii)Β the Amended and Restated Preferred Stock Purchase Warrant dated JuneΒ 14,Β 2010, pursuant to which Lighthouse may purchase shares of the Companyβs authorized Series E-1 Preferred Stock; (iii)Β the Amended and Restated Preferred Stock Purchase Warrant dated JuneΒ 14,Β 2010, pursuant to which Lighthouse may purchase shares of the Companyβs authorized Series E-1 Preferred Stock; and (iv)Β the Preferred Stock Purchase Warrant dated JuneΒ 14,Β 2010, pursuant to which Lighthouse may purchase shares of the Companyβs authorized Preferred Stock.β
SECTIONΒ 8 Amendment and Restatement of Definition. The definition of βWarrant Sharesβ set forth in SectionΒ 1.1 is hereby amended and restated in its entirety as follows:
ββWarrant Sharesβ shall mean the shares of Common Stock of the Company issued or issuable upon conversion of the (i)Β Series C Preferred Stock issued or issuable upon exercise or conversion of (A)Β the warrant to purchase up to 17,500 shares of Series C Preferred Stock issued to TBCC Funding Trust II (βTBCCβ) pursuant to the Master Loan and Security Agreement dated MarchΒ 27, 2002 by and between the Company and Transamerica Technology Finance Corporation; and (B)Β the warrant to purchase up to 31,008 shares of Series C Preferred Stock issued to General Electric Capital Corporation (βGE Capitalβ) in connection with the Master Security Agreement dated as of NovemberΒ 8, 2002, as amended (the βMaster Security Agreementβ) by and between the Company and GE Capital; (ii)Β the Series D Preferred Stock issued or issuable upon exercise or conversion of (A)Β the warrant to purchase up to 37,500 shares of Series D Preferred Stock dated MarchΒ 18, 2004 and issued to GE
Β
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Capital in connection with extensions of credit to the Company; and (B)Β the Lighthouse Preferred Warrants; (iii)Β the Series D-1 Preferred Stock issued or issuable upon exercise or conversion of the Lighthouse Preferred Warrants; (iv)Β the SeriesΒ E Preferred Stock issued or issuable upon exercise or conversion of the warrants to purchase shares of Preferred Stock of the Company issued to certain Investors under the Note and Warrant Purchase Agreement dated as of AugustΒ 25, 2009; and (v)Β the Series E-1 Preferred Stock issued or issuable upon exercise or conversion of the Lighthouse Preferred Warrants. TBCC, GE Capital, and Lighthouse are collectively referred to herein as βWarrantholders.ββ
SECTIONΒ 9 Governing Law. This Amendment shall be construed in accordance with, and governed in all respects by, the laws of the State of California, as applied to agreements entered into, and to be performed entirely in such state, between residents of such state.
SECTIONΒ 10 Rights Agreement. Wherever necessary, all other terms of the Rights Agreement are hereby amended to be consistent with the terms of this Amendment. Except as specifically set forth herein, the Rights Agreement shall remain in full force and effect
SECTIONΒ 11 Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.
* * *
Β
-3-
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
COMPANY: | Β | FLUIDIGM CORPORATION | ||
Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxxxx | |
Β | Β | Xxxxx X. Xxxxxxxxxxx, | ||
Β | Β | President and Chief Executive Officer |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | ABT HOLDING COMPANY (FORMERLY KNOWN AS ATHERSYS, INC.) | ||
Β | By: | Β | /s/ Xxxxx Xxxxxxxx | |
Β | Name: | Β | Xxxxx Xxxxxxxx | |
Β | Title: | Β | VP - Finance |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | ALLOY VENTURES 2005, L.P. | ||
Β | By: | Β | Alloy Ventures 2005, LLC | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/Β [Illegible]Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Name: | Β | Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Title: | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2005Β LLC | |
Β | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2005,Β L.P. | ||
Β | ALLOY VENTURES 2002, L.P. | |||
Β | ALLOY PARTNERS 2002, L.P. | |||
Β | By: | Β | Alloy Ventures 2002, LLC | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/Β [Illegible]Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Name: | Β | Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Title: | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2002Β LLC | |
Β | Β | ManagingΒ MemberΒ ofΒ AlloyΒ PartnersΒ 2002,Β L.P. | ||
Β | Β | andΒ AlloyΒ VenturesΒ 2002,Β L.P.Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | BIOMEDICAL SCIENCES INVESTMENT FUND PTE LTD | ||
Β | By: | Β | /s/ Xxx Xxxx Yeok | |
Β | Name: | Β | Xxx Xxxx Yeok | |
Β | Title: | Β | Director | |
Β | SINGAPORE BIO-INNOVATIONS PTE LTD | |||
Β | By: | Β | /s/ Xxxxxx Xxxx Xxx Xxx | |
Β | Name: | Β | Xxxxxx Xxxx Xxx Xxx | |
Β | Title: | Β | Director |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | VERSANT AFFILIATES FUND 1-A, L.P. VERSANT AFFILIATES FUND 1-B, L.P. VERSANT SIDE FUND I, L.P. VERSANT VENTURE CAPITAL I, L.P. | ||
Β | By: | Β | Versant Ventures I, LLC its General Partner | |
Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxxxx | |
Β | Title: | Β | Managing Director |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | XXXXXX BROTHERS HEALTHCARE VENTURE CAPITAL L.P. | ||
Β | By: | Β | Xxxxxx Brothers HealthCare Venture Capital Associates L.P., its General Partner | |
Β | By: | Β | LB I Group Inc., its General Partner | |
Β | By: | Β | /s/ Xxxxxx Xxx | |
Β | Name: | Β | Xxxxxx Xxx | |
Β | Title: | Β | Vice President | |
Β | XXXXXX BROTHERS P.A. LLC | |||
Β | By: | Β | /s/ Xxxxxx Xxx | |
Β | Name: | Β | Xxxxxx Xxx | |
Β | Title: | Β | Vice President |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | XXXXXX BROTHERS PARTNERSHIP ACCOUNT 2000/2001, L.P. | ||
Β | By: | Β | LB I Group Inc., its General Partner | |
Β | By: | Β | /s/ Xxxxxx Xxx | |
Β | Name: | Β | Xxxxxx Xxx | |
Β | Title: | Β | Vice President | |
Β | XXXXXX BROTHERS OFFSHORE PARTNERSHIP ACCOUNT 2000/2001, L.P. | |||
Β | By: | Β | LB I Offshore Partners Group Ltd., its General Partner | |
Β | By: | Β | /s/ Xxxxxx Xxx | |
Β | Name: | Β | Xxxxxx Xxx | |
Β | Title: | Β | Vice President |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | EUCLIDSR PARTNERS, L.P. | ||
Β | By: | Β | EuclidSR Associates, L.P., its General Partner | |
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | |
Β | Name: | Β | Xxxxxxx X. Xxxxxxxx | |
Β | Title: | Β | General Partner | |
Β | EUCLIDSR BIOTECHNOLOGY PARTNERS, L.P. | |||
Β | By: | Β | EuclidSR Biotechnology Associates, L.P., its General Partner | |
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | |
Β | Name: | Β | Xxxxxxx X. Xxxxxxxx | |
Β | Title: | Β | General Partner |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | INTERWEST PARTNERS VII, L.P. | ||
Β | By: | Β | InterWest Management Partners VII, LLC, its General Partner | |
Β | By: | Β | /s/ W. Xxxxxxx Xxxxxx | |
Β | Name: | Β | W. Xxxxxxx Xxxxxx | |
Β | Title: | Β | Managing Director | |
Β | INTERWEST INVESTORS VII, L.P. | |||
Β | By: | Β | InterWest Management Partners VII, LLC, its General Partner | |
Β | By: | Β | /s/ W. Xxxxxxx Xxxxxx | |
Β | Name: | Β | W. Xxxxxxx Xxxxxx | |
Β | Title: | Β | Managing Director |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | Β | Β | Β | Β | |||||
Β | Β | Β | Β | SMALLCAP WORLD FUND, INC. | Β | Β | Β | Β | ||
Β | Β | By: | Β | Capital Research and Management | ||||||
Β | Β | Β | Company, its investment adviser | Β | Β | |||||
Β | Β | By: | Β | /s/ Xxxxxxx X. Xxxxxx |
Β | Β | ||||
Β | Β | Name: | Β | Xxxxxxx X. Xxxxxx |
Β | Β | ||||
Β | Β | Title: | Β | Senior Vice President and Secretary |
Β | Β |
Β
Β | Β | ApprovedΒ forΒ Signature | Β | Β | Β | Β | ||||
Β | Β | Β | WRB | Β | Β | |||||
Β | Β | byΒ CRMCΒ LegalΒ Dept. | Β | Β | Β | Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | FIDELITY CONTRAFUND: FIDELITY ADVISOR NEW INSIGHTS FUND | ||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxxxx | |
Β | Xxxxx: | Β | Deputy Treasurer | |
Β | FIDELITY CONTRAFUND: FIDELITY CONTRAFUND | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxxxx | |
Β | Xxxxx: | Β | Deputy Treasurer | |
Β | VARIABLE INSURANCE PRODUCTS FUND II: CONTRAFUND PORTFOLIO | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxxxx | |
Β | Xxxxx: | Β | Deputy Treasurer |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | LEERINK XXXXX HOLDINGS, LLC | Β | |||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx X. Xxxxxxx |
Β | ||
Β | Title: | Β | CAO, CFO |
Β | ||
Β | LEERINKΒ XXXXXΒ CO-INVESTMENTΒ FUND,Β LLC | |||||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx X. Xxxxxxx |
Β | ||
Β | Title: | Β | CAO, CFO |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | CROSS CREEK CAPITAL, L.P. | Β | |||
Β | By: | Β | Cross Creek Capital GP, L.P., | Β | ||
Β | Β | its Sole General Partner | Β | |||
Β | By: | Β | Cross Creek Capital, LLC, | Β | ||
Β | Β | its Sole General Partner | Β | |||
Β | By: | Β | Wasatch Advisors, Inc., | Β | ||
Β | Β | its Sole Member | Β | |||
Β | By: | Β | /s/ Xxxxxx Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx Xxxxxxx |
Β | ||
Β | Title: | Β | Vice President |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | CROSSΒ CREEKΒ CAPITALΒ EMPLOYEESβΒ FUND,Β L.P. | ||||
Β | By: | Β | Cross Creek Capital GP, L.P., | Β | ||
Β | Β | its Sole General Partner | Β | |||
Β | By: | Β | Cross Creek Capital, LLC, | Β | ||
Β | Β | its Sole General Partner | Β | |||
Β | By: | Β | Wasatch Advisors, Inc., | Β | ||
Β | Β | its Sole Member | Β | |||
Β | By: | Β | /s/ Xxxxxx Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx Xxxxxxx |
Β | ||
Β | Title: | Β | Vice President |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | WASATCH FUNDS, INC. | Β | |||
Β | Wasatch Small Cap Growth Fund | Β | ||||
Β | By: | Β | Wasatch Advisors, Inc., | Β | ||
Β | Β | its Investment Adviser | Β | |||
Β | By: | Β | /s/ Xxxxxx Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxx Xxxxxxx |
Β | ||
Β | Title: | Β | Vice President |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | SIGHTLINEΒ HEALTHCAREΒ FUNDΒ III,Β L.P. | Β | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx Xxxxxx |
Β | ||
Β | Title: | Β | Managing Director |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | OCULUS PHARMACEUTICALS, INC. | Β | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxx |
Β | ||
Β | Name: | Β | Xxxxxxx (BJ) Xxxxxxx |
Β | ||
Β | Title: | Β | President |
Β |
Β
[Amendment No. 1 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
FLUIDIGM CORPORATION
AMENDMENT NO. 2
TO NINTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT
This Amendment No.Β 2 (this βAmendmentβ) to that certain Ninth Amended and Restated Investor Rights Agreement, dated as of NovemberΒ 16,Β 2009 (the βRights Agreementβ) and as amended on JuneΒ 2, 2010, by and among Fluidigm Corporation, a Delaware corporation (the βCompanyβ), and the Investors and Founders named therein is entered into effective as of AugustΒ 16, 2010, by and among the Company and the undersigned Investors constituting the Holders of at least two-thirds (Β 2/3) of the outstanding shares of the Registrable Securities now held by all Holders (assuming the exercise or conversion of all outstanding Eligible Securities). Capitalized terms not defined herein have the meanings set forth in the Rights Agreement.
RECITALS
WHEREAS, on JulyΒ 8,Β 2010, the Company extended an offer to all holders of warrants to acquire the Companyβs preferred stock with an exercise price in excess of $7.00 per share (each an βEligible Warrantβ and together, the βEligible Warrantsβ), the opportunity to amend their respective Eligible Warrants to provide that (i)Β the exercise price of such amended Eligible Warrants (the βAmended Eligible Warrantβ) will be $7.00 per share and (ii)Β such Amended Eligible Warrants will be exercisable for (a)Β a number of shares of an alternative series of the Companyβs preferred stock (the βShadow Preferred Stockβ) equal to the number of shares of Companyβs preferred stock currently issuable upon exercise of the Eligible Warrant and (b)Β an equivalent number of shares of the Companyβs common stock, subject to such holderβs agreement to exercise the Amended Eligible Warrant immediately in full and for cash (the βOfferβ);
WHEREAS, the series of Shadow Preferred Stock to be issued upon exercise of the Amended Eligible Warrants pursuant to the Offer shall be comprised of Series C-1 preferred stock, Series D-1 preferred Stock and Series E-1 preferred stock;
WHEREAS, the Company and the undersigned stockholders desire that the holders of Series C-1 preferred stock, Series D-1 preferred stock and Series E-1 preferred stock issued upon exercise of the Amended Eligible Warrants shall have the same rights as Holders (as defined in the Rights Agreements), including registration rights, as the Companyβs other preferred stock set forth in the Rights Agreement;
WHEREAS, pursuant to SectionΒ 6.7 of the Rights Agreement, the Rights Agreement may be amended with the written consent of the Company and Holders of at least two-thirds (Β 2/3) of the outstanding shares of the Registrable Securities then held by Holders (assuming the exercise or conversion of all outstanding Eligible Securities) (the βRequisite Holdersβ); and
WHEREAS, the Company and the undersigned Investors constituting the Requisite Holders desire to amend the Rights Agreement to provide for the foregoing changes.
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows:
AGREEMENT
SECTION 12 Addition of New Definitions in SectionΒ 1.1. The following new definitions are hereby added to SectionΒ 1.1:
ββAmended Eligible Warrant(s)β shall mean those Eligible Warrants modified pursuant to and in accordance with the Offer.β
ββEligible Warrant(s)β shall mean those warrants to acquire the Companyβs preferred stock with an exercise price in excess of $7.00 per share.β
ββOfferβ shall mean that certain offer extended on or about JulyΒ 8, 2010 to all holders of Eligible Warrants, the opportunity to amend their respective Eligible Warrants to provide that (i)Β the exercise price of the Amended Eligible Warrants will be $7.00 per share and (ii)Β the Amended Eligible Warrants will be exercisable for (a)Β a number of shares of Shadow Preferred Stock equal to the number of shares of Companyβs preferred stock currently issuable upon exercise of the Eligible Warrant and (b)Β an equivalent number of shares of the Companyβs common stock, subject to such holderβs agreement to exercise the Amended Eligible Warrant immediately in full and for cash.β
ββShadow Preferred Stockβ shall mean that certain series of the Companyβs preferred stock having the same rights, preferences and privileges as the original series of preferred stock issuable upon exercise of the Eligible Warrant, except that the original issuance price and liquidation preference of such series of preferred stock shall be $7.00. Such Shadow Preferred Stock shall consist of βSeries C-1 Preferred Stock,β βSeries D-1 Preferred Stockβ and βSeries E-1 Preferred Stock,β as applicable.
SECTION 13 Amendment and Restatement of Definition. The definition of βEligible Securitiesβ set forth in SectionΒ 1.1 is hereby amended and restated in its entirety as follows:
ββEligible Securitiesβ shall mean (i)Β the SeriesΒ A Preferred Stock issued pursuant to the Series A Preferred Stock Purchase Agreement dated DecemberΒ 1, 1999; (ii)Β the SeriesΒ B Preferred Stock issued pursuant to the SeriesΒ B Preferred Stock Purchase Agreement dated JulyΒ 5, 2000; (iii)Β the SeriesΒ C Preferred Stock issued pursuant to the SeriesΒ C Preferred Stock Purchase Agreement dated OctoberΒ 23, 2001; (iv)Β the SeriesΒ C Preferred Stock issued pursuant to the Series C Preferred Stock Purchase Agreement dated NovemberΒ 1, 2002; (v)Β the Series C Preferred Stock issued pursuant to the Series C Preferred Stock and Warrant Purchase Agreement dated
Β
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SeptemberΒ 22, 2003; (vi)Β the Series D Preferred Stock issued pursuant to the Series D Preferred Stock Purchase Agreement dated DecemberΒ 18, 2003; (vii)Β the Series D Preferred Stock issued pursuant to the SeriesΒ D Preferred Stock Purchase Agreement dated AugustΒ 16, 2005; (viii)Β the Series D Preferred Stock issued upon conversion of convertible promissory note(s) issued pursuant to the Convertible Promissory Note Purchase Agreement (the βCNPAβ) dated DecemberΒ 18, 2003, as amended by Amendment No.Β 1 to Convertible Note Purchase Agreement dated DecemberΒ 17, 2004, between the Company and Biomedical Sciences Investment Fund Pte Ltd (the βBMSIFβ); (ix)Β the Series D Preferred Stock issued upon conversion of convertible promissory note(s) issued in connection with the Convertible Note Agreement (the βCNAβ) dated DecemberΒ 18, 2003, between the Company and Invus, L.P. (the βInvusβ); (x)Β the Series E Preferred Stock issued pursuant to the SeriesΒ E Preferred Stock Purchase Agreement dated JuneΒ 13, 2006, as amended (the βPrior Purchase Agreementβ); (xi); the SeriesΒ E Preferred Stock issued pursuant to the 2009 Purchase Agreement; (xii)Β the Series C-1 Preferred Stock, the Series D-1 Preferred Stock and the Series E-1 Preferred Stock issued upon exercise of the Amended Eligible Warrants, as applicable, pursuant to and in accordance with the Offer; (xiii)Β all Securities acquired by any Investor pursuant to the rights of first offer described in Sections 3 or 4 of this Agreement; and (xiv)Β any Securities issued with respect to the foregoing upon any stock split, stock dividend, recapitalization, or similar event or upon any exercise or conversion, as applicable.β
SECTION 14 Governing Law. This Amendment shall be construed in accordance with, and governed in all respects by, the laws of the State of California, as applied to agreements entered into, and to be performed entirely in such state, between residents of such state.
SECTION 15 Rights Agreement. Wherever necessary, all other terms of the Rights Agreement are hereby amended to be consistent with the terms of this Amendment. Except as specifically set forth herein, the Rights Agreement shall remain in full force and effect
SECTION 16 Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.
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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
COMPANY: | Β | FLUIDIGM CORPORATION | Β | |||
Β | By: | Β | /s/ Xxxxx X. Xxxxxxxxxxx |
Β | ||
Β | Β | Xxxxx X. Xxxxxxxxxxx, | Β | |||
Β | Β | President and Chief Executive Officer | Β |
Β
[Amendment No.Β 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | ALLOY VENTURES 2005, L.P. | ||
Β | By: | Β | Alloy Ventures 2005, LLC | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/Β [Illegible]Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Name: | Β | Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Title: | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2005Β LLC | |
Β | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2005,Β L.P. | ||
Β | ALLOY VENTURES 2002, L.P. | |||
Β | ALLOY PARTNERS 2002, L.P. | |||
Β | By: | Β | Alloy Ventures 2002, LLC | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/Β [Illegible]Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Name: | Β | Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β | |
Β | Title: | Β | ManagingΒ MemberΒ ofΒ AlloyΒ VenturesΒ 2002Β LLC | |
Β | Β | ManagingΒ MemberΒ ofΒ AlloyΒ PartnersΒ 2002,Β L.P. | ||
Β | Β | andΒ AlloyΒ VenturesΒ 2002,Β L.P.Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β |
Β
[Amendment No.Β 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | SIGHTLINEΒ HEALTHCAREΒ FUNDΒ III,Β L.P. | Β | |||
Β | By: | Β | /s/ Buzz Xxxxxx |
Β | ||
Β | Name: | Β | Buzz Xxxxxx |
Β | ||
Β | Title: | Β | Managing Director |
Β |
Β
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | INTERWEST PARTNERS VII, L.P. | ||
Β | By: | Β | InterWest Management Partners VII, LLC, | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxx | |
Β | Title: | Β | As agent for the general partner | |
Β | INTERWEST INVESTORS VII, L.P. | |||
Β | By: | Β | InterWest Management Partners VII, LLC, | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxx | |
Β | Title: | Β | As agent for the general partner |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | FIDELITY CONTRAFUND: | ||
Β | FIDELITY ADVISOR NEW INSIGHTS FUND | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxxxx | |
Β | Xxxxx: | Β | Deputy Treasurer | |
Β | FIDELITY CONTRAFUND: FIDELITY | |||
Β | CONTRAFUND | |||
Β | By: | Β | /s/ Xxxxxxx Xxxxxxxxx | |
Β | Name: | Β | Xxxxxxx Xxxxxxxxx | |
Β | Xxxxx: | Β | Deputy Treasurer | |
Β | VARIABLE INSURANCE PRODUCTS FUND II: | |||
Β | CONTRAFUND PORTFOLIO | |||
Β | By: | Β | Β | |
Β | Name: | Β | Β | |
Β | Title: | Β | Β |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | EUCLIDSR PARTNERS, L.P. | ||
Β | By: | Β | EuclidSR Associates, L.P., | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | |
Β | Name: | Β | Xxxxxxx X. Xxxxxxxx | |
Β | Title: | Β | General Partner | |
Β | EUCLIDSR BIOTECHNOLOGY PARTNERS, L.P. | |||
Β | By: | Β | EuclidSR Biotechnology Associates, L.P., | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/ Xxxxxxx X. Xxxxxxxx | |
Β | Name: | Β | Β | |
Β | Title: | Β | General Partner |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | LILLY BIOVENTURES, XXX XXXXX & COMPANY | ||
Β | By: | Β | /s/ S. Xxxxxx Xxxxxx | |
Β | Name: | Β | S. Xxxxxx Xxxxxx | |
Β | Title: | Β | Β |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | ALLIANCEBERNSTEIN VENTURE FUND I, L.P. | ||
Β | By: | Β | AllianceBernstein ESG Venture Management, L.P., its general partner | |
Β | By: | Β | AllianceBernstein Global Derivatives Corporation, its general partner | |
Β | By: | Β | /s/ Xxx Xxxxxx | |
Β | Name: | Β | Xxx Xxxxxx | |
Β | Title: | Β | Senior Vice President |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | VERSANT AFFILIATES FUND 1-A, L.P. VERSANT AFFILIATES FUND 1-B, L.P. VERSANT SIDE FUND I, L.P. VERSANT VENTURE CAPITAL I, L.P. | ||
Β | By: | Β | Versant Ventures I, LLC | |
Β | Β | its General Partner | ||
Β | By: | Β | /s/ Xxxxxx X. Xxxxxxx | |
Β | Name: | Β | Xxxxxx X. Xxxxxxx | |
Β | Title: | Β | Managing Director |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
INVESTORS:
Β
/s/ Xxxxx Xxxxxxx |
XXXXX XXXXXXX |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
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INVESTORS: | Β | ARTEMIS HEALTH, INC. | ||
Β | a Delaware Corporation | |||
Β | By: | Β | /s/ Xxxxxxx X. Xxxx | |
Β | Name: | Β | Xxxxxxx X. Xxxx | |
Β | Title: | Β | President |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | CROSS CREEK CAPITAL, L.P. | ||
Β | By: | Β | Cross Creek Capital GP, L.P., | |
Β | Β | its Sole General Partner | ||
Β | By: | Β | Cross Creek Capital, LLC, | |
Β | Β | its Sole General Partner | ||
Β | By: | Β | Wasatch Advisors, Inc., | |
Β | Β | its Sole Member | ||
Β | By: | Β | Xxxxxx Xxxxxxx | |
Β | Name: | Β | /s/ Xxxxxx Xxxxxxx | |
Β | Title: | Β | VP |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | CROSS CREEK CAPITAL EMPLOYEESβ FUND, L.P. | ||
Β | By: | Β | Cross Creek Capital GP, L.P., its Sole General Partner | |
Β | By: | Β | Cross Creek Capital, LLC, its Sole General Partner | |
Β | By: | Β | Wasatch Advisors, Inc., its Sole Member | |
Β | By: | Β | /s/ Xxxxxx Xxxxxxx | |
Β | Name: | Β | Xxxxxx Xxxxxxx | |
Β | Title: | Β | VP |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
Β
INVESTORS: | Β | WASATCH FUNDS, INC. | ||
Β | Wasatch Small Cap Growth Fund | |||
Β | By: | Β | Wasatch Advisors, Inc., its Investment Adviser | |
Β | By: | Β | /s/ Xxxxxx Xxxxxxx | |
Β | Name: | Β | Xxxxxx Xxxxxxx | |
Β | Title: | Β | VP |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
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INVESTORS: | Β | BIOMEDICALΒ SCIENCESΒ INVESTMENTΒ FUNDΒ PTEΒ LTD | ||
Β | By: | Β | /s/ Xxx Xxxx Yeok | |
Β | Name: | Β | Xxx Xxxx Yeok | |
Β | Title: | Β | Director | |
Β | SINGAPORE BIO-INNOVATIONS PTE LTD | |||
Β | By: | Β | /s/ Xxxxxx Xxxx Xxx Xxx | |
Β | Name: | Β | Xxxxxx Xxxx Xxx Xxx | |
Β | Title: | Β | Director |
[Amendment No. 2 to Ninth Amended and Restated Investor Rights Agreement of Fluidigm Corporation]