EXHIBIT 10.54
Amendment No. 1 to
Third Restated Registration Rights Agreement
Amendment No. 1 to Third Restated Registration Rights Agreement (this
"Amendment No. 1") dated as of June 29, 2001 amends that certain Third Restated
Registration Rights Agreement dated as of May 22, 2001 by and among Lionbridge
Technologies, Inc., a Delaware corporation (the "Company"), and each of the
other parties listed on Schedule A thereto, Capital Resource Lenders III, L.P.,
CRP Investment Partners III, LLC, Xxxxxx Xxxxxxx Venture Capital Fund II Annex,
L.P., Xxxxxx Xxxxxxx Venture Investors Annex, L.P., and each of the affiliates
of both INT'X.xxx, Inc. and Harvard Translations, Inc. listed on Schedule B
thereto (collectively, the "Investors").
WHEREAS, the Company proposes to issue, and Capital Resource Partners IV,
L.P. ("XX XX") proposes to purchase, up to $5,000,000 principal amount of
promissory notes and warrants (the "Bridge Warrants") to purchase common stock
of the Company;
WHEREAS, pursuant to and in accordance with Section 4.3 of the Third
Restated Registration Rights Agreement, the Company and the Investors desire to
amend the Third Restated Registration Rights Agreement to reflect the issuance
of the Bridge Warrants to CRP IV and to add CRP IV as a party to the Third
Restated Registration Rights Agreement; and
NOW, THEREFORE, in consideration of the premises and the agreements herein
contained, and intending to be bound hereby, the parties hereby agree as
follows:
1. Amendment of Section 1.1.
(a) The definition of "Registrable Shares" at Section 1.1 of the Third
Restated Registration Rights Agreement is hereby amended and restated in its
entirety to read as follows:
""Registrable Shares" means (i) the shares of Common Stock issued to the
Prior Investors upon conversion of the shares of Series C Convertible Preferred
Stock, $.01 par value per share, of the Company issued to the Prior Investors
upon conversion of the shares of Series A Convertible Preferred Stock, $.01 par
value per share, and Series D Nonvoting Convertible Preferred Stock, $.01 par
value per share, issued to the Prior Investors in exchange for the shares of
Series A Preferred of Lionbridge America held by such Prior Investors, (ii) any
other shares of Common Stock of the Company issued in respect of the Series A
Preferred (because of stock splits, stock dividends, reclassifications,
recapitalizations, or similar events), (iii) any shares of Common Stock issued
or issuable to CRL, CRP IV and Xxxxxx Xxxxxxx upon exercise of the Warrants,
(vi) the shares of Common Stock issued to the INT'X.xxx Affiliates under the
terms of the Merger Agreements and (v) any other shares of Common Stock held by
the Prior Investors; provided, that for all purposes of this Agreement,
Registrable Shares shall not include shares of Common Stock which (a) have been
registered under the Securities Act pursuant to an effective registration
statement filed thereunder and disposed of in accordance with the registration
statement covering them, (b) have been sold pursuant to Rule 144 under the
Securities Act or (c) are eligible for sale under Rules 144(k), 145(d)(2) or
145(d)(3) under the Securities Act."
(b) The definition of "Stockholders" at Section 1.1 of the Third
Restated Registration Rights Agreement is hereby amended and restated in its
entirety to read as follows:
""Stockholders" means the Prior Investors, CRL, CRP IV, Xxxxxx Xxxxxxx
and the INT'X.xxx Affiliates."
(c) The definition of "Warrants" at Section 1.1 of the Third Restated
Registration Rights
Agreement is hereby amended and restated in its entirety to read as follows:
""Warrants" shall mean the (i) Common Stock Purchase Warrants to
purchase Common Stock issued to CRL pursuant to the First Amended and Restated
Senior Subordinated Note and Warrant Purchase Agreement dated as of February 26,
1999, (ii) Common Stock Purchase Warrants issued to Xxxxxx Xxxxxxx pursuant to
the Senior Subordinated Senior Note and Warrant Purchase Agreement dated March
9, 1999 and (iii) Common Stock Purchase Warrants to purchase Common Stock issued
to CRP IV pursuant to the Note and Warrant Purchase Agreement dated as of June
29, 2001."
2. Amendment of Section 2.12. Section 2.12 of the Third Restated
Registration Rights Agreement is hereby amended and restated in its entirety to
read as follows:
"2.12 Termination. The provisions of this Section 2 shall terminate on
the earlier to occur of (i) August 20, 2004; (ii) such time as a Prior Investor,
CRL, CRP IV, Xxxxxx Xxxxxxx or an INT'X.xxx Affiliate remains an "affiliate" of
the Company pursuant to Rule 144 and can sell all of his remaining Registrable
Shares under Rules 144 or 145 within any three (3) month period; or (iii) such
time as a Prior Investor, CRL, CRP IV, Xxxxxx Xxxxxxx or an INT'X.xxx Affiliate
ceases to be an affiliate of the Company pursuant to Rule 144 and all of the
Prior Investor's, CRL's, CRP IV's, Xxxxxx Xxxxxxx'x or the INT'X.xxx Affiliate's
Registrable Shares may be sold pursuant to Rules 144(k) or 145(d)(2) or (3)."
3. Addition of CRP IV. CRP IV hereby agrees that, upon execution of this
Amendment No. 1, CRP IV shall become a party to the Third Restated Registration
Rights Agreement and shall be fully bound by, and subject to, all the covenants,
terms and conditions of the Third Restated Registration Rights Agreement as
though an original party thereto; and the Company and the Investors hereby agree
that the shares of common stock issuable upon exercise of the Bridge Warrants
shall be "Registrable Shares" for all purposes of the Third Restated
Registration Rights Agreement.
4. Counterparts. This Amendment No. 1 may be executed in several
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
5. Governing Law. This Amendment No. 1 shall be governed by and construed
in accordance with the laws of the Commonwealth of Massachusetts.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to
be executed by their respective officers or representatives thereunto duly
authorized, as of the date first above written.
THE COMPANY:
LIONBRIDGE TECHNOLOGIES, INC.
By: _________________________________________________________
Xxxx X. Xxxxx
Chief Executive Officer & President
CRP IV:
CAPITAL RESOURCE PARTNERS IV, L.P.
By: CRP Partners IV, L.C., its General Partner
By: ____________________________________________________
Member
INVESTORS:
CAPITAL RESOURCE LENDERS III, L.P.
By: Capital Resource Partners III, L.C., its General Partner
By: ____________________________________________________
Member
CRP INVESTMENT PARTNERS III, LLC
By: ____________________________________________________
Member
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GLOBAL PRIVATE EQUITY II LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: _________________________________________
GLOBAL PRIVATE EQUITY II LIMITED - EUROPE LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: __________________________________________
GLOBAL PRIVATE EQUITY II - PGGM LIMITED
PARTNERSHIP
By: Advent International Limited Partnership, General
Partner
By: Advent International Corporation,
General Partner
By: __________________________________________
ADVENT EURO-ITALIAN DIRECT INVESTMENT
PROGRAM LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: __________________________________________
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ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: __________________________________________
XXXXXX XXXXXXX VENTURE CAPITAL
FUND II ANNEX, L.P.
By: Xxxxxx Xxxxxxx Venture Partners II, L.P.,
its General Partner
By: Xxxxxx Xxxxxxx Venture Capital II, Inc.,
Managing General Partner
By: __________________________________________
Name:
Title:
c/o Morgan Xxxxxxx Venture
Partners II, L.P.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
XXXXXX XXXXXXX VENTURE INVESTORS ANNEX, L.P.
By: Xxxxxx Xxxxxxx Venture Partners II, L.P., its
General Partner
By: Xxxxxx Xxxxxxx Venture Capital II, Inc.,
Managing General Partner
By: __________________________________________
Name:
Title:
c/o Morgan Xxxxxxx Venture
Partners II, L.P.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
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________________________________________________________
Xxxx X. Xxxxx
000 Xxxxxxxxx Xxxx
Xxxxxxx, XX 00000
________________________________________________________
Xxxxxx Xxxxxxx
00 Xxxxxxxx Xxxx
Xxxxxx, XX 00000
________________________________________________________
Xxxxxxx Xxxxx
000 Xxxxxxxxx Xxxx
Xxxxxxx, XX 00000
________________________________________________________
Xxxxxx X. Xxxxx
0000 Xxxx Xxxx Xxxx
Xxxxxxxx Xxxxxx, XX 00000
________________________________________________________
Xxxxxxx X. Xxxxxxxxxx
00 Xxxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
XXXXXXXXXXX FAMILY TRUST,
XXXXXX X. XXXXXXXXXXX TTE,
XXXXX X. XXXXXXXXXXX, TTE
________________________________________________________
c/o Xxxxxx X. Xxxxxxxxxxx
000 Xxxx Xxxxxxxx Xxxx
Xxxxxx, XX 00000
FLEET BANK, TRUSTEE FOR THE TH&T, LLP,
DEFERRED EARNINGS TRUST, F/B/O
XXXXXX X. XXXXX
________________________________________________________
x/x Xxxxxx X. Xxxxx
Xxxxx, Xxxxxxx & Xxxxxxxxx, LLP
000 Xxxx Xxxxxx
Xxxxxx, XX 00000
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________________________________________________________
Xxxxxxx X. Xxxxxx
00 Xxxxxxxx Xxxx
Xxxxxxx, XX 00000
________________________________________________________
IEA Private Investments Ltd
x/x Xxxxx Access Ltd.
Attn: Mr. Xxxx Pu
00xx Xxxxx Xxxxxxxxx
Xxxxxx'x Xxxxxxxx, Xxxxxxx
Xxxx Xxxx, Xxxxx
________________________________________________________
Xxxxxxx X. Xxxxxxxxxxx
00 Xxxxx Xxxx
Xxxxxx, XX 00000
________________________________________________________
Xxxx Xxxxxxxx
x/x Xxxxxxxxx
Xxxxxxxxxx Xxxx
Xxxxxxxx, Xx. Xxxxxx, Xxxxxxx
________________________________________________________
Xxxxxxx Xxxxxxx
000 Xxxx Xxxx
Xxxxxxxx Xxxx, XX 00000
XXXXX MANCHESTER TRUST DATED 9/22/94
By: ____________________________________________________
Xxxxx X. Xxxxx, Trustee
c/o Rackemann, Xxxxxx & Xxxxxxxx
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
XXXXX STREAM TRUST DATED 4/21/95
By: ____________________________________________________
Xxxxx X. Xxxxx, Trustee
c/o Rackemann, Xxxxxx & Xxxxxxxx
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
CORNERSTONE EQUITY INVESTORS IV, LLC
By: ____________________________________________________
Name:
Title:
c/o Xxxxxxx X. Xxxxxx
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
________________________________________________________
Xxxxxxx Xxxxxx
c/o Cornerstone Equity Investors IV, L.P.
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
________________________________________________________
Xxxx X. X'Xxxxx
c/o Cornerstone Equity Investors IV, L.P.
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
DAKOTA/EGI, LLC
By: Dakota Capital Partners, L.L.C.,
its Managing Member
By: ____________________________________________________
Name:
Title:
c/o Xxxxxxx Xxxxxx
000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, XX 00000
________________________________________________________
Xxxxxxx X. Xxxxxx
c/o Dakota Capital Partners, L.L.C.
000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, XX 00000
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________________________________________________________
Xxxxx X. Xxxxxx
00 Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
________________________________________________________
Xxxxxx X. Xxxxxxxxxx
00 Xxxxxxxx Xxxxxx
Xxxx Xxxxxx, XX 00000
________________________________________________________
Xxxx Xxxxxx
________________________________________________________
Xxx Xxxxxxxx
________________________________________________________
Xxxx X. Xxxxxx
c/o DL Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
________________________________________________________
Xxxx XxXxxxxxx
________________________________________________________
Xxxxxx X. Xxxxxx
0 Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
