EXHIBIT 10.12
PHASECOM, INC.
AMENDMENT TO REGISTRATION RIGHTS
AND LOCK-UP AGREEMENT
THIS AMENDMENT TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT made as of
this 13th day of August, 1999 by and among PHASECOM INVESTOR GROUP LIMITED
PARTNERSHIP, a Delaware limited partnership ("PhaseCom LP"), PHASECOM, INC., a
Delaware Corporation ("PhaseCom Del."), GALRAN PROPERTIES (1993) LTD.
("Galran"), EICHOT CAPITAL MARKETS AND INVESTMENTS (1993) LTD. ("Eichot"), XXX
HOLDINGS AND PROPERTIES (1993) LTD. ("Xxx"), X. XXXX INVESTMENTS LTD. ("Atai"),
ADC TELECOMMUNICATIONS, INC., a Minnesota Corporation ("ADC") and the additional
holders of PhaseCom Del's Series A Convertible Preferred Stock identified on the
signature page to this Agreement (collectively, the "Additional Series A
Stockholders").
W I T N E S S E T H :
WHEREAS, PhaseCom LP, PhaseCom Del., Galran, Eichot, Xxx and Xxxx are
parties to that Registration Rights and Lock-Up Agreement dated as of April 21,
1996 (the "Registration Rights Agreement"); and
WHEREAS, in connection with the acquisition of shares in PhaseCom Del
by ADC, the parties hereto desire to amend the Registration Rights Agreement as
set forth herein and to add ADC and the Additional Series A Stockholders as a
party thereto.
NOW, THEREFORE, for and in consideration of the mutual agreements,
covenants, representations and warranties contained in this Agreement, the
parties hereto agree as follows:
1. DEFINITIONS. Except as otherwise expressly provided herein,
the definitions set forth in Article 1 of the Registration Rights Agreement
shall have the same meaning in this Agreement as if fully set forth herein.
2. ADDITIONAL PARTIES TO AGREEMENT. Effective upon the Closing
(as defined in the Series C Preferred Stock Purchase Agreement, dated as of even
date herewith, by and between PhaseCom Del and ADC), ADC and each Additional
Series A Stockholder shall be deemed a "Holder" and an "Initial Holder" for all
purposes under the Registration Rights Agreement, as amended by this Amendment
and shall, for all purposes under said Registration Rights Agreement be deemed a
party thereto.
3. AMENDMENT TO ARTICLE 2, M.Sections 2 m (i), 2 m (ii) and 2 m
(iii) of the Registration Rights Agreement, entitled "Standoff Agreement," shall
be deleted and in their place, the following new Articles 2 m (i) and 2 m (ii),
shall be inserted:
m. (i) In connection with the Offering, each of the
Holders agrees to have placed on his, her or its certificate(s) representing
his, her or its PhaseCom Del share interests, in addition to any other
applicable securities legends, a legend stating that the shares represented by
that certificate may not be transferred by any means whatsoever, without the
agreement of PhaseCom Del for a period commencing as of the commencement of the
Offering and ending on the one hundred eightieth (180th) day following the
commencement of the Offering. Each Holder agrees to be bound by the legend
restrictions set forth above.
(ii) Until the lock-up period expires, the
standoff holder agrees unless released in writing by PhaseCom Del and the
underwriters managing the Offering, not to sell, make any short sale of, loan,
grant any option for the purchase of, or otherwise dispose of any Registrable
Securities (other than those included in the Offering). PhaseCom Del, as
applicable, may impose stop transfer instructions with respect to the shares
subject to the foregoing restrictions, until the end of the lock-up period.
4. FULL FORCE AND EFFECT. The parties hereto hereby modify and
amend the Registration Rights Agreement in accordance with the provisions of
this Amendment and except as hereby and herein modified and amended, the
Registration Rights Agreement shall remain in full force and effect and binding
upon the parties.
IN WITNESS WHEREOF, the parties have duly executed and delivered this
Agreement as of the date first above written.
PHASECOM INVESTOR GROUP
LIMITED PARTNERSHIP
By: /s/ Xxxxxx Xxxx
-----------------------------------------
Xxxxxx Xxxx, President
Harmony Management, Inc., General Partner
PHASECOM, INC.
a Delaware Corporation
00000 Xxxxxxx Xxxxx Xxxx.
0xx Xxxxx
Xxxxxxxxx, XX 00000
By: /s/ Xxxxxx Xxxx
-----------------------------------------
Xxxxxx Xxxx, Chief Executive Officer
GALRAN PROPERTIES (1993) LTD.
/s/ Boaz Adini
--------------------------------------------------
BOAZ ADINI
--------------------------------------------------
(print name)
EICHOT CAPITAL MARKETS AND
INVESTMENTS (1993) LTD.
/s/ Xxx Xxxxx and /s/ Boaz Adini
--------------------------------------------------
XXX XXXXX and XXXX XXXXX
--------------------------------------------------
(print name)
XXX HOLDINGS AND PROPERTIES (1993) LTD.
/s/ Xxx Xxxxx
--------------------------------------------------
XXX XXXXX
--------------------------------------------------
(print name)
X. XXXX INVESTMENTS (1993) LTD.
/s/ Xxxxxx Xxxx
--------------------------------------------------
XXXXXX XXXX
--------------------------------------------------
(print name)
ADC TELECOMMUNICATIONS, INC.
a Minnesota Corporation
X.X. Xxx 0000
Xxxxxxxxxxx, XXXX 00000
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------
XXXXXXX X. XXXXXX, VICE-PRESIDENT
--------------------------------------------------
(print name & title)
PHASECOM INVESTOR GROUP
LIMITED PARTNERSHIP NO. 2
By: /s/ Xxxxxx Xxxx
--------------------------------------------------
Xxxxxx Xxxx, President
Harmony Management, Inc., General Partner
DAVIDI and XXXXXXX XXXX TRUST U/T/D
1/18/91
By: /s/ Xxxxxx Xxxx
-----------------------------------------------
Xxxxxx Xxxx, Trustee
XXXXXXX-XXXXXX TRUST U/T/D
4/3/87
By: /s/ Xxxxxxx Xxxxxxx
-----------------------------------------------
Xxxxxxx X. Xxxxxxx, Trustee
XXXXXX XXXXXXXXX
/s/ Xxxxxx Xxxxxxxxx
--------------------------------------------------
ITHZAK and XXXXXX HOFFI
/s/ Ithzak Hoffi
--------------------------------------------------
/s/ Xxxxxx Hoffi
--------------------------------------------------
CHIM-NIR LTD
By: /s/ Xxxx Xxxxxxx and /s/ Xxxx Xxxx
-----------------------------------------------
XXXX XXXXXXX and XXXX XXXX
--------------------------------------------------
(print name & title)
HAREL-INSURANCE INVESTMENTS LTD.
By: /s/ Xxxx Xxxxx and /s/ X. Xxxxxxxxxx
-----------------------------------------------
XXXX XXXXX and X. XXXXXXXXXX
--------------------------------------------------
(print name & title)
AL-BEN LTD.
By: /s/ Xxxxxx X. Xxxxxx
-----------------------------------------------
XXXXXX X. XXXXXX, General Manager
--------------------------------------------------
(print name & title)
XXXX XXXXX
/s/ Xxxx Xxxxx
--------------------------------------------------
XXXXX and YUVAL EZYONI
/s/ Xxxxx Ezyoni
--------------------------------------------------
/s/ Yuval Ezyoni
--------------------------------------------------
XXXXXXXXX XXXXX
/s/ Xxxxxxxxx Xxxxx
--------------------------------------------------
XXXXX XXXXXX
--------------------------------------------------
REUVEN and XXXXX XXXXXXXXX
/s/ Xxxxxx Xxxxxxxx
--------------------------------------------------
--------------------------------------------------
XXXXXXX XXXXXXX
/s/ Xxxxxxx Xxxxxxx
--------------------------------------------------
MIRI LENT
--------------------------------------------------
X. XXXXXXX & CO as Trustee U/A dtd 11/10/97
FBO: The parties identified on Schedule A hereto
By: /s/ X. Xxxxxxx & Co. Trustees Ltd.
--------------------------------------------------
(print name & title)
XXXXXX XXXXXXX
--------------------------------------------------
YOTAM FINANCING TECHNOLOGICAL
VENTURES LTD.
By: /s/ Xxxx Xxxxxx
--------------------------------------------------
XXXX XXXXXX, CEO
--------------------------------------------------
(print name & title)
SCHLOMO RACHIV
--------------------------------------------------
(signature)
SCHEDULE A
X. Xxxxxxx & Co. as Trsutee U/A dtd 11/10/97
FBO: X. Xxxx Investments Ltd.
FBO: Galran Properties (1993) Ltd.
FBO: Xxx Holdings and Properties (1993) Ltd.
FBO: Eichut Capital Markets and Investments (1993) Ltd.
FBO: Xxxx Xxxxxxxxx
FBO: Xxxxxx and Xxxxxx Hoffi
FBO: Chim-Nir Ltd.
FBO: MMD Technology Israel Ltd.
FBO: Xxxxx Investment Company Ltd.
FBO: Cham Foods (Israel) Ltd.
FBO: Harel Hamishmar Investments Ltd.
FBO: Reuven and Xxxxx Xxxxxxxxx
FBO: Al-Ben Ltd.
FBO: Miri Lent
FBO: Xxxx Xxxxx
FBO: Yotam Financing and Technology Ventures Ltd.
FBO: Hananyah and Tamar Amishav
FBO: Xxxxxx Xxxxxxx
FBO: Xxxxxxxxx Xxxxx
FBO: Xxxxxxx Xxxxxxx, or Successor, as Trustee on behalf of Xxxx Xxxxxxxxx
FBO: Xxxxxxx Xxxxxxx, or Successor, as Trustee on behalf of Xxxx Xxxxxx
FBO: Xxxxxxx Xxxxxxx, or Successor, as Trustee on behalf of Xxxxxxx Xxxxxxx
