FIRST AMENDMENT TO INVESTORS’ RIGHTS AGREEMENT
FIRST AMENDMENT TO INVESTORS’ RIGHTS AGREEMENT
This is the First Amendment to an Investors’ Rights Agreement (the “XXX”) dated August 10, 2011 by and among CMSF Corp. (a/k/a Plures Technologies, Inc.; the “Company”) and XXXX Universal Growth Investment Trust PLC and XXXX Global Entrepreneurs Fund, Inc. (the “XXXX Funds”).
WHEREAS, the XXX was entered into by the XXXX Funds on behalf of themselves and for the benefit of the other then stockholders of the Company;
WHEREAS, the Company and the XXXX Funds desire to amend the XXX.
WHEREAS, Section 3.7 of the Agreement provides that Section 1 of the Agreement may be amended by the Company and the holders of a majority of the Registrable Securities then outstanding; and
WHEREAS, the XXXX Funds collectively hold a majority of the Registrable Securities currently outstanding.
NOW, THEREFORE, it is agreed as follows:
1. Hercules Technology Growth Capital, Inc. The benefit of the XXX shall be extended to the common stock of the Company that may be issued upon exercise by Hercules Technology Growth Capital, Inc. (“Hercules”) of a certain warrant held by it (the “Warrant”) to purchase shares of Series A Preferred Stock of the Company (“Series A Preferred Stock”) and conversion of the Series A Preferred Stock thereby acquired. Without limiting the foregoing, (i) for the purposes of Section 1 of the XXX, Hercules shall be deemed a “Preferred Stock Investor”, (ii) for all purposes under the XXX, the shares of Series A Preferred Stock issuable upon exercise of the Warrant shall be deemed “Preferred Stock” and Hercules shall be entitled to liquidated damages, if applicable, pursuant to Section 1.11 of the XXX as modified by Section 3 below.
2. Filing of Registration Statement. The Initial Shelf Registration Statement, as such term is defined in the XXX, shall be filed within 60 days from the date of this Agreement.
3. Failure to File Registration Statement and Other Events. Without limiting the foregoing, Hercules shall be entitled to the benefits of Section 1.11 of the XXX modified as follows: (i) in determining whether Hercules is entitled to liquidated damages under Section 1.11, the “Filing Date”, as such term is defined in the XXX, shall be the 60th day from the date of this Agreement, (ii) Hercules’ “initial investment in the Preferred Stock”, as such term is used in the XXX, shall be deemed to be the aggregate number of shares of Series A Preferred Stock for which the Warrant is exercisable and (iii) if the Warrant has not been exercised at any time when liquidated damages are due, such damages shall accrue and be payable upon the exercise of the Warrant and on a pro rated basis if the Warrant is not exercised in full.
4. Full Force and Effect. Except as set forth herein, the XXX shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed this First Amendment as of the 8th day of May, 2013.
PLURES TECHNOLOGIES, INC.
By: /s/
XXXX UNIVERSAL GROWTH
INVESTMENT TRUST PLC
By: /s/
XXXX GLOBAL ENTREPRENEURS
FUND, INC.
By: /s/