GLAUKOS CORPORATION AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
Exhibit 10.3
GLAUKOS CORPORATION
AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT
This Amendment No. 2 to Fourth Amended and Restated Investors’ Rights Agreement (this “Amendment”), dated as of July 10, 2014, is made by and among Glaukos Corporation, a Delaware corporation (the “Company”), and the signatories hereto.
RECITALS
A. The Company and certain of its stockholders are parties to that certain Fourth Amended and Restated Investors’ Rights Agreement, dated as of January 25, 2011 (the “XXX”), as amended by that certain Amendment No. 1 to Fourth Amended and Restated Investors’ Rights Agreement, dated as of January 22, 2013 (“Amendment No. 1;” Amendment No. 1 and the XXX are collectively referred to herein as the “Existing Agreement”). Defined terms used but not otherwise defined herein shall have the meaning therefor set forth in the Existing Agreement.
B. Pursuant to Section 6.7 of the Existing Agreement, certain provisions of the Existing Agreement may be amended or waived by a written instrument signed by the Company and by Persons holding at least sixty-seven percent (67%) of the Registrable Securities.
C. The Company and certain stockholders party to the Existing Agreement desire to amend the Existing Agreement on the terms and conditions set forth herein.
D. The undersigned parties to this Amendment, other than the Company, have the requisite votes to amend or waive the provisions of Existing Agreement set forth below, which amendments and waiver shall be binding upon the Company, the undersigned parties and the other parties to the Existing Agreement and each of their respective successors and assigns.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the parties hereto agree as follows:
1. Amendments to Existing Agreement.
(a) Section 1(k) of the Existing Agreement is hereby amended and restated in its entirety to read as follows:
““Qualified Public Offering” shall mean a firmly underwritten initial public offering of the Company’s Common Stock on a Form S-1 Registration Statement, or any similar form of registration statement, adopted by the Securities and Exchange Commission (the “Commission”) from and after the date hereof, filed with the Commission under the Securities Act of 1933, as amended, with respect to which the Company receives gross proceeds of at least $50,000,000 (prior to underwriters’ discounts and expenses relating to such public offering, including without limitation, fees of the Corporation’s counsel).”
(b) The first sentence of Section 3.1.1 of the Existing Agreement is hereby amended to delete therefrom the date “June 30, 2013” and to insert in lieu thereof the date “June 30, 2015.”
2. The undersigned parties hereby waive, for themselves and all parties to the Existing Agreement, any and all notices, if any, required to be given by Company under Section 3.2 of the Existing Agreement to the extent related to a Qualified Public Offering (as defined in Section 1 above) and hereby confirm and agree that no registration rights under the Existing Agreement shall apply to, or be exercisable in connection with, the Qualified Public Offering (as defined in Section 1 above). The waiver, confirmation and agreement set forth in the immediately preceding sentence shall be effective for a one year period commencing with the date hereof.
3. Except as herein amended and waived under Sections 1 and 2 above, the Existing Agreement shall in all other respects remain unchanged and in full force and effect according to its terms.
4. This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Amendment by facsimile transmission or electronic mail shall be effective as delivery of a manually executed counterpart hereof.
[Signature Pages Follow]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date set forth in the first paragraph hereof.
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COMPANY | |
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GLAUKOS CORPORATION | |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. Xxxxx |
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President and Chief Executive Officer |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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DOMAIN PARTNERS IV, L.P. | |
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By: |
One Xxxxxx Square Associates IV, L.L.C. |
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Its: |
General Partner |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxxxx |
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Xxxxxxxx X. Xxxxxxxxxx |
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Managing Member |
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XX XX ASSOCIATES, L.P. | |
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By: |
One Xxxxxx Square Associates IV, L.L.C. |
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Its: |
General Partner |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxxxx |
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Xxxxxxxx X. Xxxxxxxxxx |
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Managing Member |
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DOMAIN PARTNERS VIII, L.P. | |
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By: |
One Xxxxxx Square Associates VIII, L.L.C. |
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Its: |
General Partner |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxxxx |
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Xxxxxxxx X. Xxxxxxxxxx |
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Managing Member |
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DP VIII ASSOCIATES, L.P. | |
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By: |
One Xxxxxx Square Associates VIII, L.L.C. |
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Its: |
General Partner |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxxxx |
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Xxxxxxxx X. Xxxxxxxxxx |
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Managing Member |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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VERSANT VENTURE CAPITAL I, L.P. | |
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By: |
Versant Ventures I, L.L.C., |
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Its General Partner |
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By: |
/s/ Xxxxxxx X. Link |
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Xxxxxxx X. Link, Ph.D., |
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Managing Director |
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VERSANT AFFILIATES FUND I-A, L.P. | |
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By: |
Versant Ventures I, L.L.C., |
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Its General Partner |
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By: |
/s/ Xxxxxxx X. Link |
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Xxxxxxx X. Link, Ph.D., |
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Managing Director |
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VERSANT AFFILIATES FUND I-B, L.P. | |
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By: |
Versant Ventures I, L.L.C., |
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Its General Partner |
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By: |
/s/ Xxxxxxx X. Link |
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Xxxxxxx X. Link, Ph.D., |
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Managing Director |
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VERSANT SIDE FUND I, L.P. | |
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By: |
Versant Ventures I, L.L.C., |
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Its General Partner |
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By: |
/s/ Xxxxxxx X. Link |
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Xxxxxxx X. Link, Ph.D., |
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Managing Director |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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XXXXXXX HEALTHCARE V, L.P. | |
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By: FHM V, LP, its General Partner | |
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By: FHM V, LLC, its General Partner | |
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By: |
/s/ Xxxxxx Every |
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Xxxxxx Every |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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GUND INVESTMENT LLC | |
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By: |
/s/ Xxxxxx Xxxxxx |
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Xxxxxx Xxxxxx |
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Manager |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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INTERWEST PARTNERS IX, LP | |
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By: |
Interwest Management Partners IX, LLC |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Xxxxxxx X. Xxxxxx, |
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Managing Director |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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MONTREUX EQUITY PARTNERS IV, LP | |
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By: |
Montreux Equity Management IV, LLC, its General Partner |
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By: |
/s/ Xxxx Xxxxxxxx |
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Xxxx Xxxxxxxx |
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MONTREUX IV ASSOCIATES, LP | |
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By: |
Montreux Equity Management IV, LLC, its General Partner |
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By: |
/s/ Xxxxxx X. Xxxxxx III |
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Xxxxxx X. Xxxxxx III |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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OrbiMed Private Investments III, LP | |
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By: |
OrbiMed Capital GP III LLC, |
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its General Partner |
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By: |
OrbiMed Advisors LLC, |
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its Managing Member |
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By: |
/s/ Xxxxxxxx Xxxxxxxxxxx |
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Name: Xxxxxxxx Xxxxxxxxxxx |
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Title: |
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OrbiMed Associates III, LP | |
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By: |
OrbiMed Advisors LLC, |
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its General Partner |
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By: |
/s/ Xxxxxxxx Xxxxxxxxxxx |
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Name: Xxxxxxxx Xxxxxxxxxxx |
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Title: |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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FJORDINVEST, LLC | |
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By: |
/s/ Xxxx Xxxxxxxx |
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Xxxx Xxxxxxxx, Manager |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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FG GROUP, LLC | |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Xxxxxxx X. Xxxxxx, |
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Managing Member |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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ORASIS, LLC | |
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By: |
/s/ Xxxxxxx X. Xxxx |
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Xxxxxxx X. Xxxx, |
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Manager |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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/s/ Honsheng Tu |
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Honsheng Tu |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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MERITECH CAPITAL PARTNERS III L.P. | |
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By: |
Meritech Capital Associates III, L.L.C. |
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its General Partner |
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By: |
Meritech Management Associates III, L.L.C. |
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its General Partner |
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By: |
/s/ Xxxx X. Xxxxxx |
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Xxxx X. Xxxxxx, a managing member |
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MERITECH CAPITAL AFFILIATES III L.P. | |
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By: |
Meritech Capital Associates III, L.L.C. |
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its General Partner |
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By: |
Meritech Management Associates III, L.L.C. |
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its General Partner |
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By: |
/s/ Xxxx X. Xxxxxx |
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Xxxx X. Xxxxxx, a managing member |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. Xxxxx, Co-Trustee of the Xxxxx Family Trust, established September 13, 2000 |
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/s/ Xxxxxx X. Xxxxx |
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Xxxxx X. Xxxxx, Co-Trustee of the Xxxxx Family Trust, established September 13, 2000 |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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/s/ Xxxxxxx X. Xxxxxxxx |
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Xxxxxxx X. Xxxxxxxx |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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/s/ Xxxxx Xxxxxxxxxx |
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Xxxxx Xxxxxxxxxx |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
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/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx CGM XXX Rollover |
SIGNATURE PAGE TO AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED
INVESTORS’ RIGHTS AGREEMENT, AS AMENDED
