Exhibit 10.11
VSTREAM INCORPORATED
FIRST AMENDMENT
TO
SERIES D PREFERRED STOCK PURCHASE AGREEMENT
This First Amendment to the Series D Preferred Stock Purchase Agreement
dated as of November 17, 1999 (the "Purchase Agreement"), is entered into as of
December 15, 1999, by and among VStream Incorporated, a Delaware corporation
(the "Company"), and the parties identified as additional purchasers on the
signature pages hereto (the "Additional Purchasers") (this "First Amendment").
RECITALS
Whereas, the Company and the holders of the Company's Series D Preferred
Stock listed on Exhibit B of the Purchase Agreement are parties to the Purchase
Agreement;
Whereas, in connection with and as a condition to the purchase by the
Additional Purchasers of 4,761,334 shares of the Company's Series D Preferred
Stock, the Company has agreed to provide the Additional Purchasers the rights
set forth in the Purchase Agreement;
Whereas, under Section 7.8 of the Purchase Agreement, the Purchase
Agreement may be amended with written consent of the Company and the holders of
at least 66-2/3% of the Shares (as defined in the Purchase Agreement); and
Whereas, at least 66-2/3% of the Shares (voting on an as-converted basis)
have consented in writing to this First Amendment.
In consideration of the mutual agreements, covenants and considerations
contained herein, the parties hereto agree as follows:
1. Amendment. The first sentence of the first paragraph of the Purchase
Agreement is hereby amended in its entirety to read as follows:
This Series D Preferred Stock Purchase Agreement (the "Agreement") is
entered into as of November 17, 1999, by and among VStream
Incorporated, a Delaware corporation (the "Company"), and each of
those persons and entities, severally and not jointly, whose names are
set forth on Exhibit B and Exhibit B-1 attached hereto (collectively,
the "Purchasers" and individually, a "Purchaser").
2. Definitions. All capitalized terms used herein without definition
shall have the meanings ascribed to them in the Purchase Agreement.
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3. Additional Purchasers. Upon the effectiveness of this First Amendment,
the Additional Purchasers agree to be bound by all of the terms and conditions
of the Purchase Agreement as amended herein.
4. Notices. All notices sent to the Company pursuant to the Purchase
Agreement shall be sent to the Company at 0000 Xxxxxxx Xxxxx, Xxxxxxxxxx,
Xxxxxxxx 00000.
5. Effect of Amendment. Except as amended as set forth above, the
Purchase Agreement shall continue in full force and effect.
6. Governing Law. This First Amendment shall be governed and construed in
accordance with the laws of the State of Colorado as though made solely among
residents of the State of Colorado without regard to conflicts of law
principals.
[The Remainder of this Page is Intentionally Left Blank.]
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IN WITNESS WHEREOF, the undersigned parties have executed this First
Amendment to the Series D Preferred Stock Purchase Agreement as of the date set
forth in the first paragraph hereof.
COMPANY:
VSTREAM INCORPORATED
By:/s/ Xxxx X. Xxxxxxxxx
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Title: CEO
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ADDITIONAL PURCHASERS:
CENTENNIAL FUND VI, L.P.
By: Centennial Holdings VI, LLC
Its General Partner
By:/s/ Xxxxxx X. Xxxxxxx, Xx.
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Xxxxxx X. Xxxxxxx, Xx., Managing Principal
CENTENNIAL ENTREPRENEURS FUND VI. L.P.
By: Centennial Holdings VI, LLC
Its General Partner
By:/s/
------------------------------------------
Managing Principal
CENTENNIAL HOLDINGS I, LLC
By:/s/ Xxxxxx X. Xxxxxxx, Xx.
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Xxxxxx X. Xxxxxxx, Xx., Sr. Vice President
UNIVERSITY OF COLORADO FOUNDATION, INC.
By:/s/
------------------------------------------
Title:
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[Signature Page to First Amendment to
Purchase Agreement]
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/s/ Xxx N.C. Xxxxxx
-----------------------------------------
Xxx N.C. Xxxxxx
/s/ Xxxx X. Xxxxx, Xx.
-----------------------------------------
Xxxx X. Xxxxx, Xx.
/s/ Xxxx X. Xxxxxxxxxx
-----------------------------------------
Xxxx X. Xxxxxxxxxx
/s/ Xxxxxxx X. Xxxxxxxxx
-----------------------------------------
Xxxxxxx X. Xxxxxxxxx
/s/ Xxxxxxx 0. Xxxxxxx
-----------------------------------------
Xxxxxxx 0. Xxxxxxx
/s/ Xxxxx X. Xxxxxxxx
-----------------------------------------
Xxxxx X. Xxxxxxxx
/s/
-----------------------------------------
T. Xxxxxxx Xxxx TTEE FBO T. Xxxxxxx
Xxxx 1997 Revocable trust DTD 9/30/97
/s/ Xxx Xxxxxxxx
-----------------------------------------
Xxx Xxxxxxxx
/s/ Xxxx Xxxxxxxx
-----------------------------------------
Xxxx Xxxxxxxx
/s/ Xxxxxx X. Xxxxxx
-----------------------------------------
Xxxxxx X. Xxxxxx
/s/ Xxxxx X. Xxxxxx
-----------------------------------------
Xxxxx X. Xxxxxx
/s/ Xxxxxx Xxxxxxx
-----------------------------------------
Xxxxxx Xxxxxxx
/s/
----------------------------------------
Xxxxxxx Xxxxxx & Co., Inc. FBO Austin R.
Xxxxxxx
XXX Acct. #36500 127
/s/ Xxxxxx Xxxxxxxx
-----------------------------------------
Xxxxxx Xxxxxxxx
[Signature Page to First Amendment to
Purchase Agreement]
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/s/ Xxxxx Xxxxxxxx
------------------------------------
Xxxxx Xxxxxxxx
/s/ Xxxxxxxx Xxxxxxxxxxx
------------------------------------
Xxxxxxxx Xxxxxxxxxxx
/s/ Xxxxxx Xxxxxxxxxxx
------------------------------------
Xxxxxx Xxxxxxxxxxx
/s/ Xxxxxxx X. Xxxxxx
------------------------------------
Xxxxxxx X. Xxxxxx
/s/ Xxxxx X. Xxxxxxxxxxx
------------------------------------
Xxxxx X. Xxxxxxxxxxx
/s/ Xxxxxx X. Xxxxxxxxxxx
------------------------------------
Xxxxxx X. Xxxxxxxxxxx
/s/ Xxxxxx X. Xxxxx
------------------------------------
Xxxxxx X. Xxxxx
/s/ Xxxxxx X. Xxxxx
------------------------------------
Xxxxxx X. Xxxxx
/s/ Xxxxxxxx Xxxxxx
------------------------------------
Xxxxxxxx Xxxxxx
[Signature Page to First Amendment to
Purchase Agreement]
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SOFTBANK TECHNOLOGY VENTURES V, L.P.
By: STV IV LLC
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Managing Director
SOFTBANK TECHNOLOGY VENTURES ADVISORS
FUND V, L.P.
By: STV IV LLC
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Managing Director
SOFTBANK TECHNOLOGY VENTURES
ENTREPRENEURS FUND V, L.P.
By: STV IV LLC
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Managing Director
SOFTBANK TECHNOLOGY VENTURES IV, L.P.
By: STV IV LLC
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Managing Director
SOFTBANK TECHNOLOGY ADVISORS FUND, L.P.
By: STV IV LLC
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Managing Director
[Signature Page to First Amendment to Purchase
Agreement]
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EXHIBIT B-1
SCHEDULE OF PURCHASERS FOR SECOND CLOSING
Second Closing
Aggregate Purchase
Name and Address Number of Shares Price
Centennial Fund VI, L.P. 2,658,692 $7,976,076
0000 00xx Xxxxxx
Xxxxxx, XX 00000
Fax: (000) 000-0000
Centennial Entrepreneurs Fund VI, L.P. 66,468 $199,404
0000 00xx Xxxxxx
Xxxxxx, XX 00000
Fax: (000) 000-0000
Centennial Holdings I, LLC. 53,174 $159,522
0000 00xx Xxxxxx
Xxxxxx, XX 00000
Fax: (000) 000-0000
SOFTBANK Technology Ventures IV, L.P. 813,579 $2,440,737
000 X. Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
SOFTBANK Technology Advisors Fund, L.P. 15,588 $46,764
000 X. Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
SOFTBANK Technology Ventures V, L.P. 793,264 $2,379,792
000 X. Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
SOFTBANK Technology Ventures Advisors Fund 21,641 $64,923
V, L.P.
000 X. Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
SOFTBANK Technology Ventures Entrepreneurs 14,262 $42,786
Fund V, L.P.
000 X. Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
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University of Colorado Foundation, Inc. 16,666 $49,998
P. 0. Xxx 0000
Xxxxxxx, XX 00000-0000
Fax: (000) 000-0000
Xxx N.C. Xxxxxx 24,000 $72,000
Xxxx X. Xxxxx, Xx. 13,334 $40,002
Xxxx X. Xxxxxxxxxx 7,000 $21,000
Xxxxxxx X. Xxxxxxxxx 32,000 $96,000
Xxxxxxx 0. Xxxxxxx 7,000 $21,000
Xxxxx X. Xxxxxxxx 100,000 $300,000
T. Xxxxxxx Xxxx TTEE FBO T. Xxxxxxx Xxxx 1997 25,000 $75,000
Revocable trst DTD 9/30/97
Eva & Xxxx Xxxxxxxx 20,000 $60,000
Xxxxxx X. & Xxxxx X. Xxxxxx 10,000 $30,000
Xxxxxxxx Xxxxxx 5,000 $15,000
Xxxxxx Xxxxxxx 14,000 $42,000
Xxxxxx X. Xxxxxxx 7,000 $21,000
Xxxxxx & Xxxxx Xxxxxxxx 7,000 $21,000
Rimvydas & Xxxxxx Xxxxxxxxxxx 13,333 $39,999
Xxxxxxx X. Xxxxxx 10,000 $30,000
Xxxxx X. Xxxxxxxxxxx 666 $1,998
Xxxxxx X. Xxxxxxxxxxx 2,667 $8,001
Xxxxxx X. & Xxxxxx X. Xxxxx 10,000 $30,000
TOTAL 4,761,334 $14,284,002
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