AGREEMENT AND PLAN OF MERGER

ALIBRIS

ALIBRIS, INC.

Xxxxxx Xxxxxx, President, CEO and Secretary

Xxxxxx Xxxxxx, President, CEO and Secretary

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Exhibit 2.01

AGREEMENT AND PLAN OF MERGER

THIS AGREEMENT AND PLAN OF MERGER (this "Merger Agreement") is entered into as of April , 2004, by and between Alibris, a California corporation ("Alibris California"), and Alibris, Inc., a Delaware corporation ("Alibris Delaware"). Alibris California and Alibris Delaware are hereinafter sometimes collectively referred to as the "Constituent Corporations".

R E C I T A L S

A. Alibris California was incorporated on May 7, 1998. Its current authorized capital stock consists of: (i) 44,000,000 shares of Common Stock, no par value ("Alibris California Common Stock"), of which 9,323,355 shares are issued and outstanding; and (ii) 24,000,000 shares of Preferred Stock, no par value ("Alibris California Preferred Stock"), of which 19,485,419 shares are issued and outstanding (consisting of 1,042,184 shares of Series A Preferred Stock, 4,178,273 shares of Series B Preferred Stock, 1,387,244 shares of Series C Preferred Stock, 4,553,845 shares of Series D Preferred Stock, 4,653,318 shares of Series E Preferred Stock and 3,670,555 shares of Series F Preferred Stock).

B. Alibris Delaware was incorporated on January 30, 2004. Its authorized capital stock consists of: (i) 50,000,000 shares of Common Stock, with a par value of $0.00001 per share ("Alibris Delaware Common Stock"), of which one thousand (1,000) shares are issued and outstanding; and (ii) 10,000,000 shares of Preferred Stock, with a par value of $0.00001 per share ("Alibris Delaware Preferred Stock"), of which no shares are issued and outstanding.

C. The respective Boards of Directors of Alibris California and Alibris Delaware deem it advisable and to the advantage of each of the Constituent Corporations that Alibris California merge with and into Alibris Delaware upon the terms and subject to the conditions set forth in this Merger Agreement for the purpose of effecting a change of the state of incorporation of Alibris California from California to Delaware.

D. The Boards of Directors and the required stockholders of each of the Constituent Corporations have approved this Merger Agreement.

NOW, THEREFORE, the parties do hereby adopt the plan of reorganization set forth in this Merger Agreement and do hereby agree that Alibris California shall merge with and into Alibris Delaware on the following terms, conditions and other provisions:

1. Merger and Effective Time. At the Effective Time (as defined below), Alibris California shall be merged with and into Alibris Delaware (the "Merger"), and Alibris Delaware shall be the surviving corporation of the Merger (the "Surviving Corporation"). The Merger shall become effective upon the close of business on the date when a duly executed copy of this Merger Agreement, along with all required officers' certificates, is filed with the Secretary of State of the State of California, or upon the close of business on the date when a duly executed copy of this Merger Agreement, along with all required officers' certificates, is filed with the Secretary of State of the State of Delaware, whichever later occurs (the "Effective Time").

2. Effect of Merger. At the Effective Time, the separate corporate existence of Alibris California shall cease; the corporate identity, existence, powers, rights and immunities of Alibris Delaware as the Surviving Corporation shall continue unimpaired by the Merger; and Alibris Delaware shall succeed to and shall possess all the assets, properties, rights, privileges, powers, franchises, immunities and purposes, and be subject to all the debts, liabilities, obligations, restrictions and duties of Alibris California, all without further act or deed.

3. Name; Governing Documents. At the Effective Time, (i) the name of Alibris Delaware shall remain Alibris, Inc., (ii) the Certificate of Incorporation of Alibris Delaware in effect immediately prior to the Effective Time shall be restated by virtue of the Merger to read as set forth in full in Exhibit "A" hereto (the "First Restated Certificate"), and (iii) the Bylaws of Alibris Delaware in effect immediately prior to the Effective Time shall be restated by virtue of the Merger as approved by the Board of Directors of Alibris Delaware to read as set forth in full in Exhibit "B" hereto (the "Restated Bylaws").

4. Directors and Officers. At the Effective Time, the directors of Alibris Delaware shall be and become the directors of the Surviving Corporation, and the officers of Alibris Delaware shall be and become the officers (holding the same offices) of the Surviving Corporation, and after the Effective Time shall serve in accordance with the First Restated Certificate and Restated Bylaws of the Surviving Corporation.

5. Conversion of Shares of Alibris California. At the Effective Time, by virtue of the Merger and without any further action on the part of the Constituent Corporations or their shareholders, (i) each share of Alibris California Common Stock issued and outstanding immediately prior thereto shall be converted into 1/6^th of a fully paid and nonassessable share of Alibris Delaware Common Stock, (ii) each share of Alibris California Series A Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series A Preferred Stock, (ii) each share of Alibris California Series B Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series B Preferred Stock, (iii) each share of Alibris California Series C Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series C Preferred Stock, (iv) each share of Alibris California Series D Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series D Preferred Stock, (v) each share of Alibris California Series E Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series E Preferred Stock, and (vi) each share of Alibris California Series F Preferred Stock outstanding immediately prior thereto shall be automatically changed and converted into 1/6^th of a fully paid and nonassessable, issued and outstanding share of Alibris Delaware Series F Preferred Stock.

6. Cancellation of Shares of Alibris Delaware. At the Effective Time, by virtue of the Merger and without any further action on the part of the Constituent Corporations or their shareholders, all of the previously issued and outstanding shares of Alibris Delaware Common Stock that were issued and outstanding immediately prior to the Effective Time shall be automatically canceled without consideration and returned to the status of authorized but unissued shares.

7. Stock Certificates. At and after the Effective Time, all of the outstanding certificates that, prior to that date, represented shares of Alibris California Common Stock shall be deemed for all purposes to evidence ownership of and to represent the number of shares of Alibris Delaware Common Stock into which such shares of Alibris California Common Stock are converted as provided herein. At and after the Effective Time, all of the outstanding certificates that, prior to that date, represented shares of a series of Alibris California Preferred Stock shall be deemed for all purposes to evidence ownership of and to represent the number of shares of the series of Alibris Delaware Preferred Stock, into which such shares of Alibris California Preferred Stock are converted as provided herein. The registered owner on the books and records of Alibris California of any such outstanding stock certificate for Alibris California Common Stock or Alibris California Preferred Stock shall, until such certificate is surrendered for transfer or otherwise accounted for to Alibris Delaware or its transfer agent, be entitled to exercise any voting and other rights with respect to, and to receive any dividend

and other distributions upon, the shares of Alibris Delaware Common Stock or Alibris Delaware Preferred Stock evidenced by such outstanding certificate as provided above.

8. Assumption of Options and Warrants. At the Effective Time, all outstanding and unexercised portions of all options to purchase Alibris California Common Stock under the Alibris California 2000 Equity Incentive Plan, as amended (the "Existing Plan"), and all other outstanding options to purchase Alibris California Common Stock, shall be assumed by Alibris Delaware and become options to purchase 1/6 of the number of shares of Alibris Delaware Common Stock at the exercise price per share multiplied by 6 but otherwise shall, to the extent permitted by law and otherwise reasonably practicable, have the same term, exercisability, vesting schedule, status as an "incentive stock option" under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), if applicable, and all other material terms and conditions (including but not limited to the terms and conditions applicable to such options by virtue of the Existing Plan). Continuous employment with Alibris California will be credited to an optionee for purposes of determining the vesting of the number of shares of Alibris Delaware Common Stock subject to exercise under an assumed Alibris California option at the Effective Time. At the Effective Time, Alibris Delaware shall adopt and assume the Existing Plan. Additionally, at the Effective Time, all outstanding and unexercised portions of all warrants to purchase or acquire Alibris California Common Stock or any series of Alibris California Preferred Stock shall be assumed by Alibris Delaware and become warrants to purchase or acquire 1/6^th of the number of shares of Alibris Delaware Common Stock or the corresponding series of Alibris Delaware Preferred Stock, as the case may be, at the exercise price per share multiplied by 6 but otherwise with the same term, exercisability, and all other material terms and conditions.

9. Fractional Shares. No fractional shares of Alibris Delaware Common Stock or Alibris Delaware Preferred Stock will be issued in connection with the Merger. In lieu thereof, Alibris Delaware shall pay each shareholder of Alibris California who would otherwise be entitled to receive a fractional share of Alibris Delaware Common Stock or Alibris Delaware Preferred Stock cash in the amount equal to the applicable fraction multiplied by the fair market value of a share of Alibris Delaware Common Stock or Alibris Delaware Preferred Stock, as the case may be, as determined by the Board of Directors of Alibris Delaware in good faith (the "Fair Market Value Per Share"). Upon exercise of each assumed option or warrant of Alibris California to purchase Alibris Delaware Common Stock or Alibris Delaware Preferred Stock, cash will be paid by Alibris Delaware in lieu of any fractional share of Alibris Delaware Common Stock or Alibris Delaware Preferred Stock, respectively, issuable upon exercise of such option or warrant, and the amount of cash received for such fractional share shall be the Fair Market Value Per Share at the time of exercise thereof multiplied by the applicable fraction, less the unpaid exercise price per share for such fraction.

10. Employee Benefit Plans. At the Effective Time, the obligations of Alibris California under or with respect to every plan, trust, program and benefit then in effect or administered by Alibris California for the benefit of the directors, officers and employees of Alibris California or any of its subsidiaries shall become the lawful obligations of Alibris Delaware and shall be implemented and administered in the same manner and without interruption until the same are amended or otherwise lawfully altered or terminated. Effective at the Effective Time, Alibris Delaware hereby expressly adopts and assumes all obligations of Alibris California under such employee benefit plans.

11. Further Assurances. From time to time, as and when required by the Surviving Corporation or by its successors or assigns, there shall be executed and delivered on behalf of Alibris California such deeds, assignments and other instruments, and there shall be taken or caused to be taken by it all such further action, as shall be appropriate, advisable or necessary in order to vest, perfect or confirm, of record or otherwise, in the Surviving Corporation the title to and possession of all property, interests, assets, rights, privileges, immunities, powers, franchises and authority of Alibris California, and otherwise to carry out the purposes of this Merger Agreement. The officers and directors of the Surviving Corporation are fully authorized in the name of and on behalf of Alibris California, or

otherwise, to take any and all such actions and to execute and deliver any and all such deeds and other instruments as may be necessary or appropriate to accomplish the foregoing.

12. Condition. The consummation of the Merger is subject to the approval of this Merger Agreement and the Merger contemplated hereby by the shareholders of Alibris California and by the sole stockholder of Alibris Delaware, prior to or at the Effective Time.

13. Abandonment. At any time before the Effective Time, this Merger Agreement may be terminated and the Merger abandoned by the Board of Directors of Alibris California or Alibris Delaware, notwithstanding approval of this Merger Agreement by the shareholders of Alibris California and the sole stockholder of Alibris Delaware.

14. Amendment. At any time before the Effective Time, this Merger Agreement may be amended, modified or supplemented by the Boards of Directors of the Constituent Corporations, notwithstanding approval of this Merger Agreement by the shareholders of Alibris California and the sole stockholder of Alibris Delaware; provided, however, that any amendment made subsequent to the adoption of this Merger Agreement by the shareholders of Alibris California or the sole stockholder of Alibris Delaware shall not: (i) alter or change the amount or kind of shares, securities, cash, property and/or rights to be received in exchange for or upon conversion of any shares of any class or series of Alibris California; (ii) alter or change of any of the terms of the Certificate of Incorporation of the Surviving Corporation to be effected by the Merger; or (iii) alter or change any of the terms or conditions of this Merger Agreement if such alteration or change would adversely affect the holders of any shares of any class or series of Alibris California or Alibris Delaware.

15. Tax-Free Reorganization. The Merger is intended to be a tax-free plan of reorganization within the meaning of Section 368(a)(1)(F) of the Code.

16. Governing Law. This Merger Agreement shall be governed by and construed under the internal laws of the State of California as applied to agreements among California residents entered into and to be performed entirely within California, without reference to the principles of conflicts of law or choice of laws, except to the extent that the laws of the State of Delaware would apply in matters relating to the internal affairs of Alibris Delaware and the Merger.

17. Counterparts. In order to facilitate the filing and recording of this Merger Agreement, it may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

Remainder of page intentionally left blank.

IN WITNESS WHEREOF, the parties hereto have caused this Merger Agreement to be duly executed on the date and year first above written.

[Signature Page to Alibris Agreement and Plan of Merger]

EXHIBIT "A"

FIRST RESTATED

CERTIFICATE OF INCORPORATION

FIRST RESTATED
CERTIFICATE OF INCORPORATION
OF

ALIBRIS, INC.

(Originally incorporated on January 30, 2004)

Alibris, Inc., a Delaware corporation, hereby certifies that the First Restated Certificate of Incorporation of the corporation attached hereto as Exhibit "A", which is incorporated herein by this reference, has been duly adopted by the corporation's Board of Directors and stockholders in accordance with Sections 242 and 245 of the Delaware General Corporation Law, with the approval of the corporation's stockholders having been given by written consent without a meeting in accordance with Section 228 of the Delaware General Corporation Law.

IN WITNESS WHEREOF, said corporation has caused this First Restated Certificate of Incorporation to be signed by its by duly authorized officer.

Dated: April , 2004


		ALIBRIS, INC.
		Xxxxxx Xxxxxx, President, Chief Executive Officer and Secretary

Exhibit "A"

FIRST RESTATED
CERTIFICATE OF INCORPORATION
OF

ALIBRIS, INC.

ARTICLE I

The name of the corporation is Alibris, Inc.

ARTICLE II

The address of the registered office of the corporation in the State of Delaware is 00 Xxxx Xxxxx Xxxxxx, Xxxx xx Xxxxx, Xxxxxx of Kent. The name of its registered agent at that address is Incorporating Services, Ltd.

ARTICLE III

The purpose of the corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.

ARTICLE IV

The total number of shares of all classes of stock which the corporation has authority to issue is One Hundred Five Million (105,000,000) shares, consisting of two classes: One Hundred Million (100,000,000) shares of Common Stock, $0.00001 par value per share, and Five Million (5,000,000) shares of Preferred Stock, $0.00001 par value per share. Of the Five Million (5,000,000) shares of Preferred Stock, par value $0.00001, authorized to be issued by the corporation, One Hundred Seventy-Three Thousand Six Hundred Ninety-Seven (173,697) shares are hereby designated "Series A Preferred Stock," Six Hundred Ninety-Six Thousand Three Hundred Seventy-Eight (696,378) shares are hereby designated "Series B Preferred Stock," Two Hundred Thirty-One Thousand Two Hundred Seven (231,207) shares are hereby designated "Series C Preferred Stock," Seven Hundred Fifty-Eight Thousand Nine Hundred Seventy-Four (758,974) shares are hereby designated "Series D Preferred Stock," Seven Hundred Seventy-Five Thousand Five Hundred Fifty-Three (775,553) shares are hereby designated "Series E Preferred Stock," and Six Hundred Thirty-Seven Thousand Two Hundred Fifty-One (637,251) shares are hereby designated "Series F Preferred Stock." The Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock are collectively referred to herein as, the "Series A-D Preferred Stock." The Series E Preferred Stock and Series F Preferred Stock are collectively referred to herein as, the "Series E-F Preferred Stock." The Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock are collectively referred to herein as, the "Series Preferred."

The Board of Directors is authorized, subject to any limitations prescribed by the law of the State of Delaware or this Article IV, to provide for the issuance of the shares of Preferred Stock in one or more series, and, by filing a Certificate of Designation pursuant to the applicable law of the State of Delaware, to establish from time to time the number of shares to be included in each such series, to fix the designation, powers, preferences and rights of the shares of each such series and any qualifications, limitations or restrictions thereof, and to increase or decrease the number of shares of any such series (but not below the number of shares of such series then outstanding). The number of authorized shares of Preferred Stock may also be increased or decreased (but not below the number of shares thereof

then outstanding) by the affirmative vote of the holders of a majority of the stock of the corporation entitled to vote, unless a vote of any other holders is required pursuant to this Article IV or to a Certificate or Certificates of Designation establishing a series of Preferred Stock.

Except as otherwise expressly provided in any Certificate of Designation designating any series of Preferred Stock pursuant to the foregoing provisions of this Article IV, any new series of Preferred Stock may be designated, fixed and determined as provided herein by the Board of Directors without approval of the holders of Common Stock or the holders of Preferred Stock, or any series thereof, and any such new series may have powers, preferences and rights, including, without limitation, voting rights, dividend rights, liquidation rights, redemption rights and conversion rights, senior to, junior to or pari passu with the rights of the Common Stock, the Preferred Stock, or any future class or series of Preferred Stock or Common Stock.

The rights, preferences, privileges, restrictions and other matters relating to the Series Preferred are as follows:

1.: DIVIDEND RIGHTS.

a. Holders of Series E-F Preferred Stock, in preference to the holders of any other stock of the Company, shall be entitled to receive, on an equal priority pari passu basis according to the respective dividend preferences set forth herein when and as declared by the Board of Directors, but only out of funds that are legally available therefor, cash dividends at the rate of eight percent (8%) of the " Original Issue Price" (as defined below) per annum, on each outstanding share of Series E-F Preferred Stock (as adjusted for any stock dividends, combinations, splits recapitalizations and the like with respect to such shares). After the payment of dividends to holders of the Series E-F Preferred Stock, holders of the Series A-D Preferred Stock, in preference to the holders of any other stock of the Company ("Junior Stock"), shall be entitled to receive, on an equal priority pari passu basis according to the respective dividend preferences set forth herein when and as declared by the Board of Directors, but only out of funds that are legally available therefor, cash dividends at the rate of eight percent (8%) of the "Original Issue Price" (as defined below) per annum, on each outstanding share of Series A-D Preferred Stock (as adjusted for any stock dividends, combinations, splits recapitalizations and the like with respect to such shares). The "Original Issue Price" of the Series A Preferred Stock shall be $15.216. The "Original Issue Price" of the Series B Preferred Stock shall be $21.54. The "Original Issue Price" of the Series C Preferred Stock shall be $27.12. The "Original Issue Price" of the Series D Preferred Stock shall be $39.00. The "Original Issue Price" of the Series E Preferred Stock shall be $6.8646. The "Original Issue Price" of the Series F Preferred Stock shall be $7.8462. Such dividends shall be payable only when, as and if declared by the Board of Directors and shall be non-cumulative.

b. So long as any shares of the Series E-F Preferred Stock shall be outstanding, the Company shall not pay or declare any dividend, whether in cash or property, or make any other distribution on the Series A-D Preferred Stock, or purchase, redeem or otherwise acquire for value any shares of the Series A-D Preferred Stock until all dividends as set forth in Section 1(a) above on the Series E-F Preferred Stock shall have been paid or declared and set apart. So long as any shares of Series Preferred shall be outstanding, no dividend, whether in cash or property, shall be paid or declared, nor shall any other distribution be made, on any Junior Stock, nor shall any shares of any Junior Stock of the Company be purchased, redeemed or otherwise acquired for value by the Company (except for acquisitions of Common Stock by the Company pursuant to agreements which permit the Company to repurchase such shares upon termination of services to the Company or in exercise of the Company's right of first refusal upon a proposed transfer) until all dividends (set forth in Section l(a) above) on the Series Preferred shall have been paid or declared and set apart. In the event dividends are paid on any share of Common Stock, an additional dividend shall be paid with respect to all outstanding shares of Series Preferred in an

amount equal per share (on an as-if-converted to Common Stock basis) to the amount paid or set aside for each share of Common Stock. The provisions of this Section l(b) shall not, however, apply to (i) a dividend payable in Common Stock, (ii) the acquisition of shares of any Junior Stock in exchange for shares of any other Junior Stock, or (iii) any repurchase of any outstanding securities of the Company that is approved by the Company's Board of Directors.

2.: VOTING RIGHTS.

a. General Rights. Except as otherwise provided herein or as required by law, the Series Preferred shall be voted equally with the shares of the Common Stock of the Company and not as a separate class, at any annual or special meeting of stockholders of the Company, and may act by written consent in the same manner as the Common Stock, in either case upon the following basis: each holder of shares of Series Preferred shall be entitled to such number of votes as shall be equal to the whole number of shares of Common Stock into which such holder's aggregate number of shares of Series Preferred are convertible (pursuant to Section 4 hereof) immediately after the close of business on the record date fixed for such meeting or the effective date of such written consent.

b. Separate Series Votes. In addition to any other vote or consent required herein or by law, the vote or written consent of the holders of at least a majority of each of the outstanding Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock, as applicable, with each affected series (and only an affected series) voting as a separate class, shall be necessary for effecting or validating the following actions (whether by merger, consolidation, recapitalization or otherwise):

(i) Any amendment, alteration, or repeal of any provision of the Certificate of Incorporation of the Company (including any filing of a Certificate of Determination) that materially and adversely alters or changes the voting powers, preferences, or other special rights, privileges, or restrictions of the applicable series of Preferred Stock; or

(ii) Any increase or decrease (other than by redemption or conversion) in the authorized number of shares of the applicable series of Preferred Stock.

In addition to any other vote or consent required herein or by law, the vote or written consent of the holders of at least a majority of the outstanding Series D Preferred Stock, voting as a separate class, shall be necessary to authorize, designate or issue any new class of shares of stock senior to the Series D Preferred Stock or reclassify any existing class or series of capital stock into shares senior to the Series D Preferred Stock in rights of redemption, liquidation preference, voting or dividends. In addition to any other vote or consent required herein or by law, the vote or written consent of the holders of at least a majority of the outstanding Series E Preferred Stock, voting as a separate class, shall be necessary to authorize, designate or issue any new class of shares of stock senior to the Series E Preferred Stock or reclassify any existing class or series of capital stock into shares senior to the Series E Preferred Stock in rights of redemption, liquidation preference, voting or dividends.

c. Class Votes. In addition to any other vote or consent required herein or by law, the vote or written consent of the holders of at least a majority of the outstanding Series Preferred, voting together as a single class, shall be necessary for effecting or validating the following actions:

(i) Any authorization or any designation, whether by reclassification or otherwise, of any new class or series of stock or any other securities convertible into equity securities of the Company ranking on a parity with or senior to any series of Preferred Stock in rights of redemption, liquidation preference, voting or dividends, or any increase in the authorized or designated number of any such new class or series;

(ii) Any action that results in the payment or declaration of a dividend on any shares of Common Stock or Preferred Stock;

(iii) Any redemption, repurchase, payment of dividends or other distributions with respect to Common Stock or Preferred Stock (except as authorized in this Restated Certificate of Incorporation (the "Restated Certificate") and for acquisitions of Common Stock by the Company pursuant to agreements approved by the Company's Board of Directors which permit the Company to repurchase such shares upon termination of services to the Company or otherwise in connection with compensation arrangements approved by the Company's Board of Directors, or in exercise of the Company's right of first refusal upon a proposed transfer);

(iv) Any agreement by the Company or its stockholders regarding an Asset Transfer or Acquisition (each as defined in Section 3(c));

(v) Any transaction subject to Internal Revenue Code Section 305;

(vi) Any increase or decrease in the authorized number of members of the Company's Board of Directors;

(vii) Any voluntary dissolution or liquidation of the Company; or

(viii) Any authorization or issuance of any new class of shares of stock, or reclassification of any existing class or series of capital stock, into shares senior to or on parity with any Series Preferred in rights of redemption, liquidation preference, voting or dividends.

d. Election of Board of Directors. The holders of Series A Preferred Stock, voting as a separate class, shall be entitled to elect three (3) members of the Company's Board of Directors at each meeting or pursuant to each consent of the Company's stockholders for the election of directors, and to remove from office such director and to fill any vacancy caused by the resignation, death or removal of such director. The holders of Series B Preferred Stock, voting as a separate class, shall be entitled to elect one (1) member of the Board of Directors at each meeting or pursuant to each consent of the Company's stockholders for the election of directors, and to remove from office such director and to fill any vacancy caused by the resignation, death or removal of such director. The holders of Series D Preferred Stock, voting as a separate class, shall be entitled to elect one (1) member of the Board of Directors at each meeting or pursuant to each consent of the Company's stockholders for the election of directors, and to remove from office such director and to fill any vacancy caused by the resignation, death or removal of such director. The holders of Common Stock, voting as a separate class, shall be entitled to elect the balance of the members of the Board of Directors at each meeting or pursuant to each consent of the Company's stockholders for the election of directors, and to remove from office such directors and to fill any vacancy caused by the resignation, death or removal of such directors.

3.: LIQUIDATION RIGHTS.

a. Upon any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, before any distribution or payment shall be made to the holders of any other stock of the Company, the holders of Series E-F Preferred Stock shall be entitled to be paid out of the assets of the Company, or the consideration received in such transaction, on an equal priority pari passu basis according to the respective liquidation preferences set forth herein, an amount per share equal to the sum of (i) one and one-half (1.5) times the Original Issue Price of the Series E Preferred Stock, plus all declared and unpaid dividends on such shares of Series E Preferred Stock (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares other than the Split, as defined in Section 4(c) of this Article IV) for each share of Series E Preferred Stock then held, and (ii) one (1) times the Original Issue Price of the Series F

Preferred Stock, plus all declared and unpaid dividends on such shares of Series F Preferred Stock (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares other than the Split, as defined in Section 4(c) of this Article IV) for each share of Series F Preferred Stock then held (the "Series E-F Preference"). Upon any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, after payment in full of the Series E-F Preference, but before any distribution or payment shall be made to the holders of any Junior Stock, the holders of Series A-D Preferred Stock shall be entitled to be paid out of the assets of the Company available for distribution, or the consideration received in such transaction, if any, on an equal priority pari passu basis according to the respective liquidation preferences set forth herein, an amount per share equal to the respective Original Issue Prices of the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock or Series D Preferred Stock, plus all declared and unpaid dividends on such shares of Series A-D Preferred Stock (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares other than the Split, as defined in Section 4(c) of this Article IV) for each share of Series A-D Preferred Stock held by them (the "Series A-D Preference").

b. After the payment of the full Series E-F Preference and of the full Series A-D Preference as set forth in Section 3(a) above, the remaining assets of the Company legally available for distribution, or the consideration received in such transaction, if any, shall be distributed ratably to the holders of the Common Stock and the Series Preferred (on an as-converted basis) until the holders of the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock shall have received an aggregate per share (including the amounts paid pursuant to Section 3(a) above) of three (3) times the Original Issue Price of each such share of Series B Preferred Stock, Series C Preferred Stock or Series D Preferred Stock, as applicable. Thereafter, subject to the rights of the Preferred Stock that may from time to time come into existence, the holders of the Common Stock, the Series A Preferred Stock, the Series E Preferred Stock and the Series F Preferred Stock shall receive all of the remaining assets of the Company pro rata based upon the number of shares of Common Stock, Series A Preferred Stock, Series E Preferred Stock and Series F Preferred Stock (each on an as-converted basis) held by each.

c. The following events shall be considered a liquidation under this Section 3:

(i) any consolidation or merger of the Company with or into any other corporation or other entity or person, or any other corporate reorganization, in which the stockholders of the Company immediately prior to such consolidation, merger or reorganization, own less than 50% of the Company's voting power immediately after such consolidation, merger or reorganization, or any transaction or series of related transactions to which the Company is a party in which in excess of fifty percent (50%) of the Company's voting power is transferred (an "Acquisition"); and

(ii) a sale, exclusive license, lease or other disposition of all or substantially all of the assets of the Company (an "Asset Transfer").

d. In the event that any transaction described in Section 3(c) of this Article IV occurs, if the consideration received by this corporation is other than cash, its value will be deemed its fair market value as determined in good faith by the Board of Directors. Any securities shall be valued as follows:

(i) Securities not subject to investment letter or other similar restrictions on free marketability covered by (ii) below:

(A) If traded on a securities exchange or through the Nasdaq National Market, the value shall be deemed to be the average of the closing prices of the securities on such

quotation system over the thirty (30) day period ending three (3) days prior to the closing;

(B) If actively traded over the counter, the value shall be deemed to be the average of the closing bid or sale prices (whichever is applicable) over the thirty (30) day period ending three (3) days prior to the closing; and

(C) If there is no active public market, the value shall be the fair market value thereof, as determined by the Board of Directors and the holders of a least a majority of the voting power of all then outstanding shares of Preferred Stock.

(ii) The method of valuation of securities subject to investment letter or other restrictions on free marketability (other than restrictions arising solely by virtue of a stockholder's status as an affiliate or former affiliate) shall be to make an appropriate discount from the market value determined as above in (A), (B) or (C) to reflect the approximate fair market value thereof, as determined by the Board of Directors and the holders of at least a majority of the voting power of all then outstanding shares of such Preferred Stock.

4.: CONVERSION RIGHTS.

The holders of the Series Preferred shall have the following rights with respect to the conversion of the Series Preferred into shares of Common Stock (the "Conversion Rights"):

a. Optional Conversion. Subject to and in compliance with the provisions of this Section 4, any shares of Series Preferred may, at the option of the holder, be converted at any time into fully paid and nonassessable shares of Common Stock. The number of shares of Common Stock to which a holder of Series Preferred shall be entitled upon conversion shall be the product obtained by multiplying the "Series Preferred Conversion Rate" then in effect for the applicable series of Preferred Stock (determined as provided in Section 4(b)) by the number of shares of such series of Preferred Stock being converted.

b. Series Preferred Conversion Rate. The conversion rate in effect at any time for conversion of the Series Preferred (the "Series Preferred Conversion Rate") shall be the quotient obtained by dividing the Original Issue Price of the Series Preferred by the "Series Preferred Conversion Price," calculated as provided in Section 4(c). Upon the filing of this Restated Certificate, the conversion rate for the Series A Preferred Stock shall be 4, the conversion rate for the Series B Preferred Stock shall be 1.128550, the conversion rate for the Series C Preferred Stock shall be 1.142687, the conversion rate for the Series D Preferred Stock shall be 1.159771, the conversion rate for the Series E Preferred Stock shall be 1 and the conversion rate for the Series F Preferred Stock shall be 1.

c. Conversion Price. Upon the filing of this Restated Certificate, the conversion price for the Series A Preferred Stock shall be $3.804, the conversion price for the Series B Preferred Stock shall be $19.086444, the conversion price for the Series C Preferred Stock shall be $23.733534, the conversion price for the Series D Preferred Stock shall be $33.627336 and the conversion price for the Series E Preferred Stock and the Series F Preferred Stock shall be each such series' respective Original Issue Prices (the conversion price for each aforementioned series, the "Series Preferred Conversion Price"). For purposes of clarity, it is noted that the conversion price of the Series A Preferred Stock gives effect to the four-for-one split of the Company's Common Stock on August 17, 1998 (the "Split"). Such Series Preferred Conversion Prices shall be adjusted from time to time in accordance with this Section 4. All references to the Series Preferred Conversion Price herein shall mean the Series Preferred Conversion Price as so adjusted.

d. Mechanics of Conversion. Each holder of Series Preferred who desires to convert the same into shares of Common Stock pursuant to this Section 4 shall surrender the certificate or certificates therefor, duly endorsed, at the office of the Company or any transfer agent for the Series Preferred, and shall give written notice to the Company at such office that such holder elects to convert the same. Such notice shall state the number of shares of Series Preferred being converted. Thereupon, the Company shall promptly issue and deliver at such office to such holder a certificate or certificates for the number of shares of Common Stock to which such holder is entitled and shall promptly pay in cash or, to the extent sufficient funds are not then legally available therefor, in Common Stock (at the Common Stock's fair market value determined by the Board of Directors as of the date of such conversion), any declared and unpaid dividends on the shares of Series Preferred being converted. Such conversion shall be deemed to have been made at the close of business on the date of such surrender of the certificates representing the shares of Series Preferred to be converted, and the person entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder of such shares of Common Stock on such date.

e. Adjustment for Stock Splits and Combinations. For purposes hereof, the "Original Issue Date" for a series of Preferred Stock is the effective date of the initial sale of shares of such series of Preferred Stock. For purposes hereof, the "Filing Date" is the date of the filing of this Restated Certificate. If the Company shall at any time or from time to time after the Filing Date, effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Series A Preferred Stock, Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock, the Series E Preferred Stock and/or the Series F Preferred Stock, the applicable Series Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Filing Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding proportional combination of the Series A Preferred Stock, Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock, the Series E Preferred Stock and/or the Series F Preferred Stock, the applicable Series Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

f. Adjustment for Common Stock Dividends and Distributions. If the Company at any time or from time to time after the Filing Date makes, or fixes a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, in each such event the Series Preferred Conversion Price that is then in effect for each series of Preferred Stock shall be decreased as of the time of such issuance or, in the event such record date is fixed, as of the close of business on such record date by multiplying the applicable Series Preferred Conversion Price then in effect by a fraction (i) the numerator of which is the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close of business on such record date, and (ii) the denominator of which is the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close of business on such record date plus the issuance of shares of Common Stock issuable in payment of such dividend or distribution; provided, however, that if such record date is fixed and such dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the applicable Series Preferred Conversion Price shall be recomputed accordingly as of the close of business on such record date and then thereafter such Series Preferred Conversion Price shall be adjusted pursuant to this Section 4(f) to reflect the actual payment of such dividend or distribution.

g. Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Filing Date, the Common Stock issuable upon the conversion of the Series Preferred is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than an Acquisition or Asset Transfer as defined in Section 3(c) or a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 4), in any such event each holder of Series Preferred shall have the right thereafter to convert such stock into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which such shares of Series Preferred could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

h. Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or from time to time after the Filing Date, there is a capital reorganization of the Common Stock (other than an Acquisition or Asset Transfer as defined in Section 3(c) or a recapitalization, subdivision, combination, reclassification, exchange or substitution of shares provided for elsewhere in this Section 4), as a part of such capital reorganization, provision shall be made so that the holders of the Series Preferred shall thereafter be entitled to receive upon conversion of the Series Preferred the number of shares of stock or other securities or property of the Company to which a holder of the number of shares of Common Stock deliverable upon such conversion would have been entitled to receive as a result of such capital reorganization, subject to adjustment in respect of such stock or securities by the terms thereof. In any such case, appropriate adjustment shall be made in the application of the provisions of this Section 4 with respect to the rights of the holders of Series Preferred after the capital reorganization to the end that the provisions of this Section 4 (including adjustment of the applicable Series Preferred Conversion Price then in effect and the number of shares issuable upon conversion of the Series Preferred) shall be applicable after that event and be as nearly equivalent as practicable.

i. Sale of Shares Below Series Preferred Conversion Price.

(i) If, after the Filing Date the Company shall issue or sell, or is deemed by the express provisions of this Section 4(i) to have issued or sold Additional Shares of Common Stock (as hereinafter defined), other than in connection with a subdivision or combination of shares of Common Stock as provided in Section 4(e) above, or a dividend or other distribution on any class of stock as provided in Section 4(f) above, or a reclassification, exchange or substitution as provided in Section 4(g) above, or a reorganization, merger, consolidation or sale of assets as provided in Section 4(h) above, for an Effective Price (as defined in subsection (iv) below):

(A) less than the then effective Series Preferred Conversion Price for the Series A Preferred Stock, then and in each such case the then Series Preferred Conversion Price for the Series A Preferred Stock shall be reduced, as of the opening of business on the date of such issue or sale, to a price determined by multiplying such Series Preferred Conversion Price by a fraction: (i) the numerator of which shall be (A) the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale, plus (B) the number of shares of Common Stock which the "aggregate consideration received" (as defined in subsection i(ii) below) by the Company for the total number of Additional Shares of Common Stock so issued would purchase at the then Series Preferred Conversion Price of the Series F Preferred Stock, and (ii), the denominator of which shall be the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale plus the total number of Additional Shares of Common Stock so issued; and/or

(B) less than the then effective Series Preferred Conversion Price for the Series E Preferred Stock, then and in each such case the then Series Preferred Conversion Price for the Series E Preferred Stock, shall be reduced, as of the opening of business on the date of such issue or sale, to a price determined by multiplying such Series Preferred Conversion Price by a fraction: (i) the numerator of which shall be (A) the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale, plus (B) the number of shares of Common Stock which the "aggregate consideration received" (as defined in subsection i(ii) below) by the Company for the total number of Additional Shares of Common Stock so issued would purchase at the then Series Preferred Conversion Price of the Series E Preferred Stock, and (ii), the denominator of which shall be the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale plus the total number of Additional Shares of Common Stock so issued; and/or

(C) less than the then effective Series Preferred Conversion Price for the Series F Preferred Stock, then and in each such case the then Series Preferred Conversion Price for the Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series F Preferred Stock, respectively, shall be reduced, as of the opening of business on the date of such issue or sale, to a price determined by multiplying each such Series Preferred Conversion Price by a fraction: (i) the numerator of which shall be (A) the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale, plus (B) the number of shares of Common Stock which the "aggregate consideration received" (as defined in subsection i(ii) below) by the Company for the total number of Additional Shares of Common Stock so issued would purchase at the then Series Preferred Conversion Price of the Series F Preferred Stock, and (ii), the denominator of which shall be the number of shares of Common Stock deemed outstanding (as determined below) immediately prior to such issue or sale plus the total number of Additional Shares of Common Stock so issued.

For the purposes of this subsection 4(i)(i), the number of shares of Common Stock deemed to be outstanding as of a given date shall be the sum of (A) the number of shares of Common Stock actually outstanding, (B) the number of shares of Common Stock into which the then outstanding shares of Series Preferred could be converted if fully converted on the day immediately preceding the given date, and (C) the number of shares of Common Stock which could be obtained through the exercise or conversion of all other rights, options and convertible securities outstanding on the day immediately preceding the given date.

(ii) For the purpose of making any adjustment required under this Section 4(i), the "aggregate consideration received" by the Company for any issue or sale of securities shall (A) to the extent it consists of cash, be computed without deduction of any underwriting or similar commissions, compensation or concessions paid or allowed by the Company in connection with such issue or sale but without deduction of any expenses payable by the Company, (B) to the extent it consists of property other than cash, be computed in accordance with Section 3(d) of this Article IV, and (C) if Additional Shares of Common Stock, Convertible Securities (as defined in subsection i(iii) below) or rights or options to purchase either Additional Shares of Common Stock or Convertible Securities are issued or sold together with other stock or securities or other assets of the Company for a consideration which covers both, be computed as the portion of the consideration so received that may be reasonably determined in good faith by the Board of Directors to be allocable to such Additional Shares of Common Stock, Convertible Securities or rights or options.

(iii) For the purpose of the adjustment required under this Section 4(i), if the Company issues or sells any (i) stock or other securities convertible into, Additional Shares of Common

Stock (such convertible stock or securities being herein referred to as "Convertible Securities") or (ii) rights or options for the purchase of Additional Shares of Common Stock or Convertible Securities and if the Effective Price of such Additional Shares of Common Stock is less than the applicable Series Preferred Conversion Price, in each case the Company shall be deemed to have issued at the time of the issuance of such rights or options or Convertible Securities the maximum number of Additional Shares of Common Stock issuable upon exercise or conversion thereof and to have received as consideration for the issuance of such shares an amount equal to the total amount of the consideration, if any, received by the Company for the issuance of such rights or options or Convertible Securities, plus, in the case of such rights or options, the minimum amounts of consideration, if any, payable to the Company upon the exercise of such rights or options, plus, in the case of Convertible Securities, the minimum amounts of consideration, if any, payable to the Company (other than by cancellation of liabilities or obligations evidenced by such Convertible Securities) upon the conversion thereof; provided that if in the case of Convertible Securities the minimum amounts of such consideration cannot be ascertained, but are a function of antidilution or similar protective clauses, the Company shall be deemed to have received the minimum amounts of consideration without reference to such clauses; provided further that if the minimum amount of consideration payable to the Company upon the exercise or conversion of rights, options or Convertible Securities is reduced over time or on the occurrence or non-occurrence of specified events other than by reason of antidilution adjustments, the Effective Price shall be calculated using the figure to which such minimum amount of consideration is reduced; provided further that if the minimum amount of consideration payable to the Company upon the exercise or conversion of such rights, options or Convertible Securities is subsequently increased, the Effective Price shall be again recalculated using the increased minimum amount of consideration payable to the Company upon the exercise or conversion of such rights, options or Convertible Securities. No further adjustment of the Series Preferred Conversion Price, as adjusted upon the issuance of such rights, options or Convertible Securities, shall be made as a result of the actual issuance of Additional Shares of Common Stock on the exercise of any such rights or options or the conversion of any such Convertible Securities. If any such rights or options or the conversion privilege represented by any such Convertible Securities shall expire without having been exercised, the Series Preferred Conversion Price as adjusted upon the issuance of such rights, options or Convertible Securities shall be readjusted to the Series Preferred Conversion Price which would have been in effect had an adjustment been made on the basis that the only Additional Shares of Common Stock so issued were the Additional Shares of Common Stock, if any, actually issued or sold on the exercise of such rights or options or rights of conversion of such Convertible Securities, and such Additional Shares of Common Stock, if any, were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised, plus the consideration received for issuing or selling the Convertible Securities actually converted, plus the consideration, if any, actually received by the Company (other than by cancellation of liabilities or obligations evidenced by such Convertible Securities) on the conversion of such Convertible Securities; provided that such readjustment shall not apply to prior conversions of Series Preferred.

(iv) "Additional Shares of Common Stock" shall mean all shares of Common Stock issued by the Company or deemed to be issued pursuant to this Section 4(i), whether or not subsequently reacquired or retired by the Company other than (A) shares of Common Stock issued upon conversion of the Series Preferred; (B) up to 1,156,666 shares of Common Stock and/or options, warrants or other Common Stock purchase rights and the Common Stock issued pursuant to such options, warrants or other rights (net of cancellations, repurchases and

terminations and as adjusted for stock dividends, combinations, splits other than the Split, recapitalizations and the like) after the Original Issue Date of the Series A Preferred Stock to employees, officers or directors of, or consultants or advisors to, the Company or any subsidiary pursuant to purchase or stock option plans or other arrangements that are approved by the Board; (C) shares of Common Stock issued pursuant to the exercise or conversion of options, warrants or convertible securities outstanding as of the Filing Date; (D) up to 245,163 shares of Common Stock (including options, warrants and rights to purchase Common Stock) issued to any bank, equipment lessor, lender, financial institution or similar financing source, in bona fide arm's length transactions primarily for non-capital raising purposes which are approved by the Board; (E) shares of Common Stock (including options, warrants and rights to purchase Common Stock) issued in connection with (1) any strategic acquisition or partnership relationship approved by the Board or (2) a Qualified Initial Public Offering (as defined in Article IV, Section 4(l)(i) below) or any other registered public offering of the Company's securities in connection with which all then-outstanding Preferred Stock is converted to Common Stock; and (F) any shares of Common Stock or Preferred Stock (including options, warrants and rights to purchase Common Stock or Preferred Stock) issued or issuable pursuant to transactions, agreements or other arrangements that are approved by holders of a majority of the outstanding Series Preferred as being excluded from the definition of "Additional Shares of Common Stock" set forth in this paragraph. Each holder of an outstanding share of Series Preferred shall be deemed to have consented to distributions made by this Corporation in connection with the repurchase at cost (or such other price as may be agreed to by this Corporation's Board of Directors) of shares of Common Stock issued to or held by officers, directors or employees of, or consultants, contractors or advisors to, this Corporation or its subsidiaries upon termination of their employment or services pursuant to agreements (whether now existing or hereafter entered into) providing for the right of said repurchase between this Corporation and such persons. References to Common Stock in the subsections of this clause (iv) shall mean all shares of Common Stock issued by the Corporation or deemed to be issued pursuant to this Section 4(i). The "Effective Price" of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to have been issued or sold by the Company under this Section 4(i), into the aggregate consideration received, or deemed to have been received by the Company for such issue under this Section 4(i), for such Additional Shares of Common Stock.

Notwithstanding anything to the contrary set forth herein, the corporation shall not be required to make any adjustment of the Series A Conversion Price, Series B Conversion Price, Series C Conversion Price, Series D Conversion Price, Series E Conversion Price and/or the Series F Conversion Price in the case of the issuance of any shares of Common Stock or Preferred Stock, Options, Convertible Securities or other securities issued in or pursuant to the merger of Alibris, a California corporation, with and into the corporation.

j. Certificate of Adjustment. In each case of an adjustment or readjustment of the Series Preferred Conversion Price for the number of shares of Common Stock or other securities issuable upon conversion of the Series Preferred, if the Series Preferred is then convertible pursuant to this Section 4, the Company, at its expense, shall compute such adjustment or readjustment in accordance with the provisions hereof and prepare a certificate showing such adjustment or readjustment and shall mail such certificate, by first class mail, postage prepaid, to each registered holder of Series Preferred at the holder's address as shown in the Company's books. The certificate shall set forth such adjustment or readjustment, showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (i) the consideration received or deemed to be received by the Company for any Additional Shares of Common Stock issued or sold or deemed to have been issued or sold, (ii) the Series Preferred Conversion Price at the time

in effect, (iii) the number of Additional Shares of Common Stock and (iv) the type and amount, if any, of other property which at the time would be received upon conversion of the Series Preferred.

k. Notices of Record Date. Upon (i) any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend or other distribution, or (ii) any Acquisition (as defined in Section 3(c) or other capital reorganization of the Company, any reclassification or recapitalization of the capital stock of the Company, any merger or consolidation of the Company with or into any other corporation, or any Asset Transfer (as defined in Section 3(c)), or any voluntary or involuntary dissolution, liquidation or winding up of the Company, the Company shall mail to each holder of Series Preferred at least twenty (20) days prior to the record date specified therein a notice (the "Notice") specifying (A) the date on which any such record is to be taken for the purpose of such dividend or distribution and a description of such dividend or distribution, (B) the date on which any such Acquisition, reorganization, reclassification, transfer, consolidation, merger, Asset Transfer, dissolution, liquidation or winding up is expected to become effective, and (C) the date, if any, that is to be fixed as to when the holders of record of Common Stock (or other securities) shall be entitled to exchange their shares of Common Stock (or other securities) for securities or other property deliverable upon such Acquisition, reorganization, reclassification, transfer, consolidation, merger, Asset Transfer, dissolution, liquidation or winding up; provided that the failure of the Company to timely give such notice in the case of subsections (B) and (C) above shall not affect the validity of the events specified in such subsections; provided, further, that in the event of a merger or reorganization of the Company for the purpose of changing the Company's state of incorporation and in which there is no substantial change in the stockholders of the Company or its successor (as the case may be), the above Notice shall be mailed to each holder at least ten (10) days prior to either such record date or the effective date of such merger or reorganization.

l. Automatic Conversion.

(i) Each share of Series Preferred shall automatically be converted into shares of Common Stock, based on the then-effective, applicable Series Preferred Conversion Price, (A) at any time upon the affirmative election of the holders of at least sixty-six and two thirds percent (66²/3%) of the then outstanding shares Series Preferred, voting together as a single class, or (B) immediately upon the closing of a firmly underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, covering the offer and sale of Common Stock for the account of the Company in which (i) the per share price is no less than $5.00 per share (as adjusted for any stock splits, dividends, recapitalizations and the like occurring after the Filing Date), and (ii) the aggregate cash proceeds to the Company (after underwriting discounts, commissions and fees) are at least $20,000,000 (the "Qualified Initial Public Offering"). Upon such automatic conversion, any declared and unpaid dividends shall be paid in accordance with the provisions of Section 4(d).

(ii) Upon the occurrence of either of the events specified in paragraph (i) above, the outstanding shares of Series Preferred shall be converted automatically without any further action by the holders of such shares and whether or not the certificates representing such shares are surrendered to the Company or its transfer agent; provided, however, that the Company shall not be obligated to issue certificates evidencing the shares of Common Stock issuable upon such conversion unless the certificates evidencing such shares of Series Preferred are either delivered to the Company or its transfer agent as provided below, or the holder notifies the Company or its transfer agent that such certificates have been lost, stolen or destroyed and executes an agreement satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with such certificates. Upon the

occurrence of such automatic conversion of the Series Preferred, the holders of Series Preferred shall surrender the certificates representing such shares at the office of the Company or any transfer agent for the Series Preferred. Thereupon, there shall be issued and delivered to such holder promptly at such office and in its name as shown on such surrendered certificate or certificates, a certificate or certificates for the number of shares of Common Stock into which the shares of Series Preferred surrendered were convertible on the date on which such automatic conversion occurred, and any declared and unpaid dividends shall be paid in accordance with the provisions of Section 4(d).

m. Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of Series Preferred. All shares of Common Stock (including fractions thereof) issuable upon conversion of more than one share of Series Preferred by a holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional share. If, after the aforementioned aggregation, the conversion would result in the issuance of any fractional share, the Company shall, in lieu of issuing any fractional share, pay cash equal to the product of such fraction multiplied by the Common Stock's fair market value (as determined by the Board of Directors) on the date of conversion.

n. Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series Preferred. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series Preferred, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

o. Notices. Any notice required by the provisions of this Section 4 shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient; if not, then on the next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All notices shall be addressed to each holder of record at the address of such holder appearing on the books of the Company.

p. Payment of Taxes. The Company will pay all taxes (other than taxes based upon income) and other governmental charges that may be imposed with respect to the issue or delivery of shares of Common Stock upon conversion of shares of Series Preferred, including any tax or other charge imposed in connection with any transfer involved in the issue and delivery of shares of Common Stock in a name other than that in which the shares of Series Preferred so converted were registered.

q. No Dilution or Impairment. Without the consent of the holders of the then outstanding Series Preferred, as required under Section 2, the Company shall not amend its Restated Certificate of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or take any other voluntary action, for the purpose of intentionally avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but shall at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to protect the conversion rights of the holders of the Series Preferred against dilution or other impairment.

5. REDEMPTION.

a. The Company shall be obligated to redeem the Series Preferred as follows:

(i) The holders of at least sixty-six and two-thirds percent (66²/3%) of the then outstanding shares of Series Preferred, voting together as a single class, may require the Company, to the extent it may lawfully do so, to redeem the Series Preferred in one (1) installment on the fifth anniversary of the Original Issue Date of the Series E Preferred (the "Redemption Date"). The Company shall effect such redemption on the Redemption Date by (i) first paying in cash in exchange for the shares of Series E-F Preferred Stock to be redeemed, on an equal priority pari passu basis and prior and in preference to any redemption of the Series A-D Preferred Stock, a sum equal to the Original Issue Price per share of the Series E-F Preferred Stock (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) plus all declared but unpaid dividends and plus ten percent (10%) of the Original Issue Price per annum with respect to such shares (the "Series E-F Preferred Redemption Price"), and (ii) after payment in full of the Series E-F Preferred Redemption Price, then paying in cash in exchange for the shares of Series A-D Preferred Stock to be redeemed a sum equal to the Original Issue Price per share of the Series A-D Preferred Stock (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) plus all declared but unpaid dividends and plus ten percent (10%) of the Original Issue Price per annum with respect to such shares. The total amount to be paid for the Series Preferred is hereinafter referred to as the "Redemption Price." The Series E-F Preferred Stock shall be redeemed prior to redemption of any shares of Series A-D Preferred Stock. Subject to the foregoing priority of the Series E-F Preferred Stock, shares subject to redemption pursuant to this Section 5(a) shall be redeemed from each holder of Series Preferred on an equal priority pro rata basis.

(ii) At least thirty (30) days but no more than sixty (60) days prior to the Redemption Date, the Company shall send a notice (a "Redemption Notice") to all holders of Series Preferred to be redeemed setting forth (A) the Redemption Price for the shares to be redeemed; and (B) the place at which such holders may obtain payment of the Redemption Price upon surrender of their share certificates. If the Company does not have sufficient funds legally available to redeem all shares to be redeemed at the Redemption Date, then, subject to the redemption priority of the Series E-F Preferred Stock set forth in subparagraph (a) above, it shall redeem such shares pro rata (based on the portion of the aggregate Redemption Price payable to them) to the extent possible and shall redeem the remaining shares to be redeemed as soon as sufficient funds are legally available.

b. On or prior to the Redemption Date, the Company shall deposit the Redemption Price of all shares to be redeemed with a bank or trust company having aggregate capital and surplus in excess of $100,000,000, as a trust fund, with irrevocable instructions and authority to the bank or trust company to pay, on and after such Redemption Date, the Redemption Price of the shares to their respective holders upon the surrender of their share certificates. Any moneys deposited by the Company pursuant to this Section 5(b) for the redemption of shares thereafter converted into shares of Common Stock pursuant to Section 4 hereof no later than the fifth (5th) day preceding the Redemption Date shall be returned to the Company forthwith upon such conversion. The balance of any funds deposited by the Company pursuant to this Section 5(b) remaining unclaimed at the expiration of one (1) year following such Redemption Date shall be returned to the Company promptly upon its written request.

c. On or after the Redemption Date, each holder of shares of Series Preferred to be redeemed shall surrender such holder's certificates representing such shares to the Company in the manner and at the place designated in the Redemption Notice, and thereupon the Redemption

Price of such shares shall be payable to the order of the person whose name appears on such certificate or certificates as the owner thereof and each surrendered certificate shall be canceled. In the event less than all the shares represented by such certificates are redeemed, a new certificate shall be issued representing the unredeemed shares. From and after the Redemption Date, unless there shall have been a default in payment of the Redemption Price or the Company is unable to pay the Redemption Price due to not having sufficient legally available funds, all rights of the holders of such shares as holders of Series Preferred (except the right to receive the Redemption Price without interest upon surrender of their certificates), shall cease and terminate with respect to such shares; provided that in the event that shares of Series Preferred are not redeemed due to a default in payment by the Company or because the Company does not have sufficient legally available funds, such shares of Series Preferred shall remain outstanding and shall be entitled to all of the rights and preferences provided herein.

d. In the event of a call for redemption of any shares of Series Preferred, the Conversion Rights (as defined in Section 4) for such Series Preferred shall terminate as to the shares designated for redemption at the close of business on the fifth (5th) day preceding the Redemption Date, unless default is made in payment of the Redemption Price.

6. NO REISSUANCE OF SERIES PREFERRED.

No share or shares of Series Preferred acquired by the Company by reason of redemption, purchase, conversion or otherwise shall be reissued; and in addition, the Restated Certificate shall be appropriately amended to effect the corresponding reduction in the Company's authorized stock.

ARTICLE V

The Board of Directors of the corporation shall have the power to adopt, amend or repeal the Bylaws of the corporation.

ARTICLE VI

For the management of the business and for the conduct of the affairs of the corporation, and in further definition, limitation and regulation of the powers of the corporation, of its directors and of its stockholders or any class thereof, as the case may be, it is further provided that:

(A) The conduct of the affairs of the corporation shall be managed under the direction of the Board of Directors. The number of directors shall be fixed from time to time exclusively by resolution of the Board of Directors.

(B) Notwithstanding the foregoing provision of this Article VI, each director shall hold office until such director's successor is elected and qualified, or until such director's earlier death, resignation or removal. No decrease in the authorized number of directors constituting the Board of Directors shall shorten the term of any incumbent director.

(C) Subject to the rights of the holders of any series of Preferred Stock, any vacancy occurring in the Board of Directors for any cause, and any newly created directorship resulting from any increase in the authorized number of directors, shall, unless (i) the Board of Directors determines by resolution that any such vacancies or newly created directorships shall be filled by the stockholders, or (ii) as otherwise provided by law, be filled only by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a sole remaining director, and not by the stockholders. Any director elected in accordance with the preceding sentence shall hold office for the remainder of the full term of the director for which the vacancy was created or occurred.

(D) Subject to the rights of the holders of any series of Preferred Stock, any director or the entire Board of Directors may only be removed for cause and by the holders of a majority of the shares then entitled to vote at an election of directors.

(E) Classification of Board of Directors:

(1) The provisions of this Article VI, Section (E) are subject to the rights of the holders of any series of Preferred Stock to elect additional directors under specified circumstances. As used in this Article VI, Section (E), the term "Initial Public Offering" shall mean the initial public offering of the corporation pursuant to an effective registration statement under the Securities Act of 1933, as amended, covering the offer and sale of Common Stock to the public.

(2) Prior to the closing of the Initial Public Offering, or in the event that the corporation is prohibited from dividing its board of directors into three classes in accordance with subsection (3) below through the operation of Section 2115 of the California General Corporation Law, at each annual meeting of stockholders, each director shall be elected for a term of office to expire at the first succeeding annual meeting of stockholders after his or her election, or until such director's earlier death, resignation or removal.

(3) Following the closing of the Initial Public Offering, unless otherwise provided pursuant to subsection (2) above, the directors shall be divided, with respect to the time for which they severally hold office, into three classes designated as Class I, Class II and Class III, respectively. Directors shall be assigned to each class in accordance with a resolution or resolutions adopted by the Board of Directors (the "Board Classification Resolutions"), with the number of directors in each class to be divided as equally as reasonably possible. No one class shall have more than one director more than any other class. The term of office of the Class I directors shall expire at the corporation's first annual meeting of stockholders following the closing of the Initial Public Offering, the term of office of the Class II directors shall expire at the corporation's second annual meeting of stockholders following the closing of the Initial Public Offering, and the term of office of the Class III directors shall expire at the corporation's third annual meeting of stockholders following the closing of the Initial Public Offering. At each annual meeting of stockholders commencing with the first annual meeting of stockholders following the closing of the Initial Public Offering, each director elected to succeed a director of the class whose term then expires shall be elected for a term of office to expire at the third succeeding annual meeting of stockholders after his or her election, or until such director's earlier death, resignation or removal.

(4) In the event that, at any annual meeting of stockholders following the closing of the Initial Public Offering, the directors are elected, pursuant to subsection (2) above, for a term of office to expire at the first succeeding annual meeting of stockholders after their election (the "Non-Classified Board Meeting"), then, with respect to the first annual meeting of stockholders (the "Succeeding Meeting") following the Non-Classified Board Meeting respecting which the corporation is no longer prohibited through the operation of Section 2115 of the California General Corporation Law from dividing its board of directors into three classes, the directors shall again be divided, with respect to the time for which they severally hold office, into three classes designated as Class I, Class II and Class III, respectively, and shall be assigned to each class in accordance with the Board Classification Resolutions previously adopted, and as the same may be subsequently modified. The term of office of the Class I directors shall expire at the Succeeding Meeting, the term of office of the Class II directors shall expire at the corporation's first annual meeting of stockholders following the Succeeding Meeting, and the term of office of the Class III directors shall expire at the corporation's second annual meeting of stockholders following the Succeeding Meeting. At each annual meeting of stockholders commencing with the Succeeding Meeting, each director elected to succeed a director of the class whose term then expires shall be

elected for a term of office to expire at the third succeeding annual meeting of stockholders after his or her election, or until such director's earlier death, resignation or removal.

(5) In the event of any increase or decrease in the authorized number of directors, (i) each director then serving as such shall nevertheless continue as a director of the class of which he is a member and (ii) the newly created or eliminated directorships resulting from such increase or decrease shall be apportioned by the Board of Directors among the three classes of directors so as to ensure that no one class has more than one director more than any other class. To the extent possible, consistent with the foregoing rule, any newly created directorships shall be added to those classes whose terms of office are to expire at the latest dates following such allocation, and any newly eliminated directorships shall be subtracted from those classes whose terms of office are to expire at the earliest dates following such allocation, unless otherwise provided from time to time by resolution adopted by the Board of Directors.

(F) Election of directors need not be by written ballot unless the Bylaws of the corporation shall so provide.

(G) Following the Initial Public Offering, no action shall be taken by the stockholders of the corporation except at an annual or special meeting of stockholders called in accordance with the Bylaws of the corporation, and no action shall be taken by the stockholders by written consent.

(H) Advance notice of stockholder nominations for the election of directors of the corporation and of business to be brought by stockholders before any meeting of stockholders of the corporation shall be given in the manner provided in the Bylaws of the corporation. Business transacted at special meetings of stockholders shall be confined to the purpose or purposes stated in the notice of meeting.

ARTICLE VII

To the fullest extent permitted by law, no director of the corporation shall be personally liable for monetary damages for breach of fiduciary duty as a director. Without limiting the effect of the preceding sentence, if the Delaware General Corporation Law is hereafter amended to authorize the further elimination or limitation of the liability of a director, then the liability of a director of the corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so amended.

Neither any amendment nor repeal of this Article VII, nor the adoption of any provision of this Certificate of Incorporation inconsistent with this Article VII, shall eliminate, reduce or otherwise adversely affect any limitation on the personal liability of a director of the corporation existing at the time of such amendment, repeal or adoption of such an inconsistent provision.

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Exhibit 2.01

AGREEMENT AND PLAN OF MERGER
R E C I T A L S
EXHIBIT "A" FIRST RESTATED CERTIFICATE OF INCORPORATION
FIRST RESTATED CERTIFICATE OF INCORPORATION OF ALIBRIS, INC. (Originally incorporated on January 30, 2004)

Exhibit "A"