EXHIBIT 10.14.1
EXECUTION COPY
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AUDIBLE, INC.
AMENDMENT NO. 1 TO
AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
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THIS AMENDMENT NO. 1 (the "Amendment") dated as of December 18, 1998 to
the Amended and Restated Registration Rights Agreement dated February 26, 1998
(the "Agreement"), by and among Audible, Inc., a Delaware corporation (the
"Company"), and the holders of the Company's Series A Preferred Stock, Series B
Preferred Stock, Series C Preferred Stock and Series D Preferred Stock listed on
the signature pages thereto (such holders, the "Series A Holders", the "Series B
Holders", the "Series C Holders" and the "Series D Holders", respectively), is
hereby entered into by the Company, the Series A Holders, the Series B Holders,
the Series C Holders, the Series D Holders and the New Investors (as defined
herein). The undersigned Series A Holders, Series B Holders, Series C Holders
and Series D Holders constitute the holders of at least a majority of the
Registrable Securities of each such class, as such term is defined in the
Agreement.
WHEREAS, the Company is issuing and selling to certain of the existing
Series D Holders and certain new investors (the "New Investors") (such Series D
Holders and the New Investors are herein collectively referred to as the
"Investors") an aggregate of up to Three Million (3,000,000) shares (the "New
Shares") of Series D Preferred Stock under the terms and conditions set forth in
Amendment No. 1, dated as of the date hereof, to the Series D Convertible
Preferred Stock Purchase Agreement dated as of February 26, 1998; and
WHEREAS, the Company, the Series A Holders, the Series B Holders, the
Series C Holders and the existing Series D Holders desire that the Investors be
granted registration rights with respect to the New Shares having the same terms
and conditions as the registration rights granted to the existing Series D
Holders with respect to the shares of Series D Preferred Stock.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. The New Shares purchased by the Investors and the shares of Common
Stock into which the New Shares may be converted are and shall be "shares of
Series D Preferred Stock" and "Series D Registrable Securities," respectively,
as such terms are defined in the Agreement.
2. Each New Investor shall be a "Holder", as such term is defined in
the Agreement.
3. Amendment No. 1, dated as of the date hereof, to the Amended and
Restated Stockholders' Agreement, dated as of February 26, 1998, shall be
included in the term "Stockholders' Agreement", as such term is defined in the
Agreement.
4. Amendment No. 1, dated as of the date hereof, to the Series D
Convertible Preferred Stock Purchase Agreement dated as of February 26, 1998,
shall be included in the term "Stock Purchase Agreement", as such term is
defined in the Agreement.
5. Wherever the Agreement is itself referred to in the Agreement, or
wherever there are references in the Agreement to "hereunder', "hereof',
"herein", or words of like import, they shall mean the Agreement, as amended
hereby.
6. Each of the Investors hereby agrees to be bound by all the terms
and conditions of, and is hereby granted all of the rights of an Investor under,
the Agreement as though such Investor had been an original party to the
Agreement, and by executing this Amendment, each Investor (in the case of the
Series D Holders, to the extent that New Shares are acquired hereunder) becomes
a party thereto and is bound thereby.
7. All notices, pursuant to Section 6.9 of the Agreement, addressed
to the New Investors shall be addressed as follows;
If to Microsoft Corporation:
Microsoft Corporation
Xxx Xxxxxxxxx Xxx
Xxxxxxx, XX 00000-0000
Attention: Senior Director, Business Development and Investments
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
with a copy to:
Microsoft Corporation
Xxx Xxxxxxxxx Xxx
Xxxxxxx, XX 00000-0000
Attention: General Counsel, Finance & Administration
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
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If to any of the CSK Venture Capital entities:
CSK Venture Capital Co., Ltd.
Kenchikukaikan 0X, 0-00-00 Xxxxx
Xxxxxx-xx Xxxxx 108-0014
Japan
Attention: Xxxxx Xxxxxx
Telephone No.: 00-(0)0-0000-0000
Telecopier No.: 00-(0)0-0000-0000
with a copy to:
Xxxxxxxx & Xxxxxxxx'x
AIG Building, 7th Floor
0-0-0 Xxxxxxxxxx, Xxxxxxx-xx
Xxxxx 000 Xxxxx
Attention: Xxxxxxx Xxxxx
Telephone No.: 00-0-0000-0000
Telecopier No.: 00-0-0000-0000
If to New York Life Insurance Company:
New York Life Insurance Company
Investment Department, Venture Capital Group
00 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxx Xxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
with a copy to:
New York Life Insurance Company
Office of the General Counsel
00 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: E. Xxxxxx Xxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
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If to any of the X. Xxxxx entities:
X. Xxxxx Asset Management
0 Xxxxxxxxx Xxxxxx Xxxx
0/xx/ Xxxxx
Xxxxxxxxx, XX 00000
Attention: Xxxxxxxxxxx Xxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
8. The Company anticipates that the New Shares will be issued at one
or more closings and the parties hereto acknowledge and agree that additional
investors who purchase New Shares on any such subsequent closing will be
required, by executing counterparts of this Amendment, to become Investors for
all purposes of this Amendment and the Agreement.
9. This Amendment shall in all respects be governed by, and construed
and enforced in accordance with, the internal laws of the State of New York,
without regard to the conflict of law principles thereof.
10. Any party's failure to enforce any provision or provisions of this
Amendment shall not in any way be construed as a waiver of any such provision or
provisions, nor shall such failure to enforce prevent that party thereafter from
enforcing each and every other provision of this Amendment. The rights granted
to the parties herein are cumulative and shall not constitute a waiver of any
party's right to assert all other legal remedies available to it under the
circumstances.
11. This Amendment may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which when taken together shall
constitute one and the same instrument.
12. Each Investor agrees upon request to execute any further documents
or instruments necessary or desirable to carry out the purposes or intent of
this Amendment or the Agreement.
13. The Agreement, as amended by this Amendment, is and shall continue
to be in full force and effect and is hereby in all respects ratified and
confirmed.
14. Nothing contained in this Amendment or the Agreement shall
diminish the continuing obligations of any financial institution to comply with
applicable requirements of law that such financial institution maintain
responsibility for the disposition of, and control over, its admitted assets,
investments and property, including (without limiting the generality of the
foregoing) the provisions of Section 1411(b) and all other applicable provisions
of the New York Insurance Law, as amended, and as hereinafter from time to time
in effect.
(Signatures on following pages.)
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first above written.
AUDIBLE, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx Xxxxxxx, President and
Chief Executive Officer
NEW INVESTORS
MICROSOFT CORPORATION
/s/ Xxxxxxx X. Xxxxxx
By: _________________________________
Name: Xxxxxxx X. Xxxxxx
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Title: Vice President Finance,
Chief Financial Officer
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Address: Xxx Xxxxxxxxx Xxx
Xxxxxxx, XX 00000-0000
CSK VENTURE CAPITAL CO., LTD. AS INVESTMENT
MANAGER FOR CSK-1(A) INVESTMENT FUND
By: /s/ Xxxxx Xxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxx
-------------------------
Title: Managing Director
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Address: Kenchikukaikan 0X, 0-00-00 Xxxxx
Xxxxxx-xx Xxxxx 108-0014
Japan
CSK VENTURE CAPITAL CO., LTD. AS INVESTMENT
MANAGER FOR CSK-1(B) INVESTMENT FUND
By: /s/ Xxxxx Xxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxx
-------------------------
Title: Managing Director
-------------------------
Address: Kenchikukaikan 0X, 0-00-00 Xxxxx
Xxxxxx-xx Xxxxx 108-0014
Japan
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CSK VENTURE CAPITAL CO., LTD. AS INVESTMENT
MANAGER FOR CSK-2 INVESTMENT FUND
By: /s/ Xxxxx Xxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxx
-------------------------
Title: Managing Director
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Address: Kenchikukaikan 0X, 0-00-00 Xxxxx
Xxxxxx-xx Xxxxx 108-0014
Japan
NEW YORK LIFE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxx
---------------------------------
Name: Xxxxxx X. Xxxxx
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Title: Director
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Address: 00 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
X. XXXXX FUND, LTD.
By: /s/ Xxxxxxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxxxxxx Xxxxx
-------------------------------
Title: General Partner
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X. XXXXX PARTNERS, LP
By: /s/ Xxxxxxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxxxxxx Xxxxx
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Title: General Partner
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X. XXXXX PARTNERS II, LP
By: /s/ Xxxxxxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxxxxxx Xxxxx
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Title: General Partner
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ORIGINAL INVESTORS
CPQ HOLDINGS, INC.
By: /s/ Xxxxx Xxxxxx
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Name: Xxxxx Xxxxxx
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Title: Secretary
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Address: 00000 XX 000
Xxxxxxx, Xxxxx 00000
XXXXXXXXX & XXXXX, CALIFORNIA
By: ____________________________________
Name: Xxxx Xxxxx
Title: Controller
Attorney-in-fact
Address: Xxx Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
VENTURE FUND I, L.P.
By: VENTURE MGMT I, L.P., it's General Partner
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
Title: General Partner
Address: 000 Xxxxx Xxxxx Xxxxxx
Xxxxxxx Xxxxx, XX 00000
AT&T VENTURE FUND II, L.P.
By: VENTURE MGMT LLC, it's General Partner
By: /s/ Xxxx Xxxxxxx
-----------------------------
Name: Xxxx Xxxxxxx
Title: Manager
Address: 000 Xxxxx Xxxxx Xxxxxx
Xxxxxxx Xxxxx, XX 00000
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THOMSON U.S. INC.
By: /s/ Xxxxx X. Xxxxxx
------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President
Address: Xxx Xxxx Xxxx, X.X. Xxx 0000
Xxxxxxxxxx, XX 00000
THOMSON FINANCE INVESTMENTS, INC.
By: /s/ Xxxxx X. Xxxxxx
------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President
Address: Xxx Xxxx Xxxx, X.X. Xxx 0000
Xxxxxxxxxx, XX 00000
INTEL CORPORATION
By: /s/ Xxxxxx Xxxxx
-----------------------
Name: Xxxxxx Xxxxx
Title: Assistant Treasurer,
International Intel Corporation
Address: 0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000-0000
APA EXCELSIOR IV, L.P.
By: APA EXCELSIOR IV PARTNERS, L.P.
Its General Partner
By: PATRICOF & CO. MANAGERS
INC., its General Partner
By: /s/ Xxxx Xxxxxxxx
-----------------------
Name: Xxxx Xxxxxxxx
Title: Chairman
Address: 000 Xxxx Xxxxxx, 00xx Xx.
Xxx Xxxx, Xxx Xxxx 00000
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APA EXCELSIOR IV/OFFSHORE, L.P.
By: PATRICOF & CO. VENTURES, INC., its
Investment Advisor
By: /s/ Xxxx Xxxxxxxx
------------------------
Name: Xxxx Xxxxxxxx
Title: Chairman
Address: 000 Xxxx Xxxxxx, 00xx Xx.
Xxx Xxxx, Xxx Xxxx 00000
PATRICOF PRIVATE INVESTMENT CLUB, L.P.
By: APA EXCELSIOR IV PARTNERS, L.P.,
its General Partner
By: PATRICOF & CO. MANAGERS, INC.,
its General Partner
By: /s/ Xxxx Xxxxxxxx
------------------------
Name:
Title:
Address: 000 Xxxx Xxxxxx, 00xx Xx.
Xxx Xxxx, Xxx Xxxx 00000
XXXXXXX XXXXXXX XXXXXXXX & XXXXX VIII
By: PCB VIII ASSOCIATES,
its General Partner
By: /s/ Xxxxx X. Xxxxxxx
------------------------
Name: Xxxxx X. Xxxxxxx
Title: General Partner
Address: 0000 Xxxx Xxxx Xxxx
Xxxxx Xxxx, XX 00000
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KPCB INFORMATION SCIENCES ZAIBATSU FUND II
By: KPCB VII ASSOCIATES, its General
Partner
By: /s/ Xxxxx X. Xxxxxxx
----------------------
Name: Xxxxx X. Xxxxxxx
Title: General Partner
Address: 0000 Xxxx Xxxx Xxxx
Xxxxx Xxxx, XX 00000
KPCB VIII FOUNDERS FUND
By: KPCB VIII Associates
Its: General Partner
By: /s/ Xxxxx X. Xxxxxxx
----------------------
Name: Xxxxx X. Xxxxxxx
Title: General Partner
Address: 0000 Xxxx Xxxx Xxxx
Xxxxx Xxxx, XX 00000
IRONWOOD CAPITAL L.L.C.
By: /s/ Xxxxxxx Xxxx
----------------------
Name:
Title:
Address: 0000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
_______________________________
Xxxxxxx Xxxxxx
Address: _____________________
_______________________________
_______________________________
Xxxxxxxx Xxxxxxxx
Address: _____________________
_______________________________
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COMDISCO, INC.
By:____________________________
Name:
Title:
Address:
IMPERIAL BANK, INC.
By:____________________________
Name:
Title:
Address:
_______________________________
Xxx Xxxxx
Address: _____________________
_______________________________
_______________________________
Xxx Xxxxxxxx
Address: _____________________
_______________________________
_______________________________
Xxxx Xxxxxx
Address: _____________________
_______________________________
_______________________________
Xxxxxx Xxxxxxx
Address: _____________________
_______________________________
_______________________________
Xxx Xxxxxx
Address: _____________________
_______________________________
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