THIRD AMENDMENT TO INVESTOR RIGHTS AGREEMENT
Exhibit 10.17
THIRD AMENDMENT TO INVESTOR RIGHTS AGREEMENT
THIS THIRD AMENDMENT TO INVESTOR RIGHTS AGREEMENT (this “Third Amendment”) is
entered into as of August 26, 2009 (the “Third Amendment Date”), by and among TrustWave
Holdings, Inc., a Delaware corporation (the “Company”), and the persons signatory hereto
(the “Signatories”).
RECITALS
WHEREAS, the Company and its stockholders are parties to that certain Investor Rights
Agreement, dated as of March 14, 2005, as amended through the date hereof (as so amended, the
“Original Agreement”); and
WHEREAS, all capitalized terms used in this Third Amendment which are not defined herein shall
have the respective meanings assigned to them in the Original Agreement; and
WHEREAS, the Signatories constitute the holders of at least a majority of the Registrable
Securities; and
WHEREAS, the parties hereto desire to amend the Original Agreement as provided in this Third
Amendment.
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises,
representations, warranties, covenants and conditions contained in this Third Amendment and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, agree as follows:
1. Addition of Common Stockholders. For all purposes of the Original Agreement, as
amended by this Third Amendment, each stockholder listed on the attached Schedule 1 is
hereby constituted as a Common Stockholder and, so long as on the date of determination such
stockholder holds Registrable Securities representing at least 100,000 shares of Common Stock, a
Major Common Stockholder.
2. Information and Reporting. Without limiting the foregoing, each stockholder listed
on the attached Schedule 1 shall be entitled to the benefits of Sections 3.1 and 3.2 of the
Original Agreement, subject to the limitations contained in Sections 3.3 and 3.7 of the Original
Agreement, so long as such stockholder is a Major Investor and continues to hold at least ten
percent (10%) of the total number of shares of capital stock (as adjusted for stock splits and on
an as-converted basis) held by such stockholder on the Third Amendment Date.
3. “Market Stand-Off” Agreement. The first sentence (other than the proviso) of
Section 2.10 of the Original Agreement is hereby amended to read, in its entirety, as follows:
Each Holder hereby agrees that such Holder shall not sell or otherwise
transfer or dispose of any Common Stock (or other securities) of the Company
held by such Holder (other than those included in the
registration) for a period specified by the representative of the
underwriters of Common Stock (or other securities) of the Company not to
exceed ninety (90) days or, if required by the underwriters, a period not to
exceed one hundred eighty (180) days following the effective date of a
Registration Statement of the Company filed under the Securities Act (the
“Lock-up”);
4. Joinder. By executing this Third Amendment, each stockholder listed on the
attached Schedule 1 agrees that he, she or it shall succeed to all of the obligations of a
Common Stockholder, Major Common Stockholder and/or Major Investor as contemplated by the Original
Agreement, as amended by this Third Amendment.
5. No Other Amendments. Except as expressly amended by this Third Amendment, all of
the terms and provisions of the Original Agreement shall remain in full force and effect.
6. Counterparts. This Third Amendment may be executed by facsimile and in
counterparts, each of which shall be an original, but all of which together shall constitute one
instrument.
(SIGNATURES ON NEXT PAGES)
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IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed as of
the Third Amendment Date.
COMPANY: TRUSTWAVE HOLDINGS, INC. |
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By: | /s/ Xxxxxx XxXxxxxx | |||
Name: | Xxxxxx XxXxxxxx | |||
Title: | Chief Executive Officer | |||
STOCKHOLDERS: Financial Technology Ventures II (Q), L.P. By: Financial Technology Management, II, LLC |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Managing Member | |||
Financial Technology Ventures II, L.P. By: Financial Technology Management, II, LLC |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Managing Member | |||
/s/ Xxxxxxx Xxxxxxx | ||||
Xxxxxxx Xxxxxxx | ||||
/s/ Xxxxx Xxxxxxxxx | ||||
Xxxxx Xxxxxxxxx | ||||
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DBRC Investments, LLC. |
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By: | /s/ Xxxxxx XxXxxxxx | |||
Name: | Xxxxxx XxXxxxxx | |||
Title: | ||||
/s/ Xxxxxx X. Xxxxxxxxx | ||||
Xxxxxx X. Xxxxxxxxx | ||||
/s/ Xxxxxxx X. Xxxxx | ||||
Xxxxxxx X. Xxxxx | ||||
Caledonia Investments, L.P. |
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By: | /s/ Xxx Xxxxxxxxx | |||
Name: | Xxx Xxxxxxxxx | |||
Title: | Managing Director | |||
The Xxxxxxxxx Family Limited Partnership |
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By: | /s/ Xxx Xxxxxxxxx | |||
Name: | Xxx Xxxxxxxxx | |||
Title: | General Partner | |||
MBK Ventures, LLC |
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By: | ||||
Name: | Xxxxxx XxXxxxxx | |||
Title: | Manager |
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THE PRODUCTIVITY FUND, IV L.P. | ||||||
By: | First Analysis Management Company IV, | |||||
L.L.C., its General Partner | ||||||
By: | First Analysis Venture Operations and | |||||
Research, L.L.C., its Member | ||||||
By: | First Analysis Corporation, its Manager | |||||
By: | /s/ Xxxxxx X. Xxxxx
|
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THE PRODUCTIVITY FUND, IV ADVISORS FUND, L.P. | ||||||
By: | First Analysis Management Company IV, | |||||
L.L.C., its General Partner | ||||||
By: | First Analysis Venture Operations and | |||||
Research, L.L.C., its Member | ||||||
By: | First Analysis Corporation, its Manager | |||||
By: | /s/ Xxxxxx X. Xxxxx
|
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SIGMA PARTNERS 6, L.P. |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Its Managing Director | ||||
SIGMA ASSOCIATES 6, L.P. |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Its Managing Director | ||||
SIGMA INVESTORS 6, L.P. |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Its Managing Director | ||||
XXXXXXX XXXXX CAPITAL PARTNERS VII QP, L.P. |
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By: | Xxxxx Xxxxxxxx | |||
Its Managing Director of its GP_____ | ||||
XXXXXXX XXXXX CAPITAL PARTNERS VII, L.P. |
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By: | Xxxxx Xxxxxxxx | |||
Its Managing Director of its GP_____ | ||||
GCP IV AFFILIATES, L.P. |
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By: | /s/ [illegible signature] | |||
Its | ||||
GLOBESPAN CAPITAL PARTNERS IV GMBH & CO. KG |
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By: | /s/ [illegible signature] | |||
Its | ||||
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JAFCO GLOBESPAN USIT IV, L.P. |
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By: | /s/ [illegible signature] | |||
Its | ||||
GLOBESPAN CAPITAL PARTNERS (CAYMAN) IV, L.P. |
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By: | /s/ [illegible signature] | |||
Its | ||||
GLOBESPAN CAPITAL PARTNERS IV, L.P. |
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By: | /s/ [illegible signature] | |||
Its | ||||
SEQUEL LIMITED PARTNERSHIP III |
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By: | /s/ [illegible signature] | |||
Its | ||||
SEQUEL ENTREPRENEURS’ FUND III, L.P. |
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By: | /s/ [illegible signature] | |||
Its | ||||
/s/ Xxxxx Xxxxxxxxx | ||||
Xxxxx Xxxxxxxxx | ||||
/s/ Xxxxx Xxxxxx | ||||
Xxxxx X. Xxxxxx | ||||
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SCHEDULE 1
Viking Stockholders
Viking Stockholders
Sigma Partners 6, L.P.
Sigma Associates 6, L.P.
Sigma Investors 6, L.P.
Xxxxxxx Xxxxx Capital Partners VII QP, L.P.
Xxxxxxx Xxxxx Capital Partners VII, L.P.
GCP IV Affiliates, L.P.
Globespan Capital Partners IV GmbH & Co. KG
JAFCO Globespan USIT IV, L.P.
Globespan Capital Partners (Cayman) IV, L.P.
Globespan Capital Partners IV, L.P.
Sequel Limited Partnership III
Sequel Entrepreneurs’ Fund III, L.P.
Xxxxx Xxxxxxxxx
Xxxxx X. Xxxxxx