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EXHIBIT 4.3
REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made
as of the 1st day of September, 1996, by and between BioFactors, Inc., a
Delaware corporation (the "Company"), a majority of the holders of securities
issued pursuant to that certain Secured Note and Warrant Purchase agreement
dated as of December 1, 1994, as amended (the "December 1994 Agreement"), a
majority of the holders of securities issued pursuant to that certain Secured
Note and Stock Purchase Agreement dated as of December 1, 1995, as amended (the
"December 1995 Agreement"), a majority of the holders of securities issued
pursuant to that certain Unsecured Note and Stock Purchase Agreement dated as of
February 1, 1996, as amended (the "February 1996 Agreement"), and a majority of
the holders of securities issued pursuant to that certain Unit Subscription
Agreement dated as of May 17, 1996, as amended (the "May 1996 Agreement") (as
listed on Schedule A hereto, collectively, the "Majority Holders"), the
purchasers of securities pursuant to that certain Unit Subscription Agreement
dated as of October 3, 1996 (as amended from time to time, the "October 1996
Agreement") (as listed on Schedule B hereto, the "New Investors"), and the
former holders of the Company's Series A Preferred Stock (as listed on Schedule
C hereto, the "Series A Investors"), as each such Schedule may be amended to add
additional holders after the date hereof who execute a counterpart signature
page to this Agreement.
RECITALS
WHEREAS, in connection with the Series A Preferred Stock and
each of the Interim Bridge Agreements (defined below), the Company and each of
the respective Holders (defined below) have entered into agreements granting
such Holders certain registration rights respecting the Registrable Shares
(defined below);
WHEREAS, the Company has entered into the October 1996
Agreement by and between the Company and the Purchasers named therein (the
"Purchasers") providing, subject to the terms thereof, for the sale to and the
purchase by such Purchasers of Units (the "Units") consisting of promissory
notes of the Company and warrants to purchase common stock of the Company;
WHEREAS, the Company has entered into a letter of intent with
Xxxxxxxxx Xxxx & Co. ("Xxxxxxxxx Xxxx"), providing for underwriting and
financial advisory services (the "Underwriting");
WHEREAS, as a condition precedent to the Underwriting, the
Company is required to enter into a definitive agreement with Voice Plus, Inc.,
a California corporation ("Voice Plus"), for the formation of a holding company
("Registrant") and the merger of each of the Company (the "BFI Merger") and
Voice Plus into separate, wholly-owned subsidiaries of Registrant (together, the
"Mergers"), concurrently with Xxxxxxxxx Xxxx'x Underwriting of the IPO (defined
below);
WHEREAS, upon the consummation of the BFI Merger, the
Company's stockholders, including the Holders, are to receive shares of
Registrant Common Stock (defined below) in exchange for the BioFactors common
stock and certain other BioFactors securities held by them;
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WHEREAS, as a further condition precedent to the Underwriting,
the Company is required to enter into agreements amending the terms of
outstanding securities issued pursuant to the Interim Bridge Agreements;
WHEREAS, to induce the Purchasers to purchase the Units and to
induce Xxxxxxxxx Xxxx to complete the Underwriting, the Company desires to enter
into this Agreement with the Series A Investors and the Majority Holders
providing for coordinated registration rights for common stock and securities
convertible into common stock issued upon conversion of the Series A Preferred
Stock and issued pursuant to the respective Interim Bridge Agreements; and
WHEREAS, the Company, the Series A Investors and the Majority
Holders desire that this Agreement shall govern the registration rights to which
the Holders are entitled following the BFI Merger.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the
following mutual covenants and consideration, the parties hereby agree as
follows:
1. Prior Registration Rights Agreements. The Series A Investors and the Majority
Holders hereby agree that this Agreement supersedes and entirely replaces the
following agreements:
1.1 The Subscription and Registration Rights
Agreement and Investment Representation dated February 16, 1996, as amended by
Addendum A thereto, by and between the Company and the holders of the December
1994 Notes.
1.2 Section 4.2 of the December 1995 Agreement as
amended by Addendum A thereto.
1.3 Section 4.2 of the February 1996 Agreement as
amended by Addendum A thereto.
1.4 Section 3 of the May 1996 Agreement.
2. Definitions.
2.1 "Act" means the Securities Act of 1933, as
amended.
2.2 "Common Stock" or "Registrant Common Stock" means
shares of the common stock of Registrant.
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2.3 "Form S-3" means such form under the Act as in
effect on the date hereof or any registration form under the Act subsequently
adopted by the SEC which permits inclusion or incorporation of substantial
information by reference to other documents filed by Registrant with the SEC.
2.4 "Holder" means any person owning or having the
right to acquire Registrable Shares or any assignee thereof in accordance with
Section 3.5 hereof.
2.5 "Interim Bridge Agreements" means the December
1994 Agreement, the December 1995 Agreement, the February 1996 Agreement, the
May 1996 Agreement and the October 1996 Agreement.
2.6 "IPO" means the underwritten initial public
offering of Registrant Common Stock pursuant to a registration statement filed
under the Act with the SEC.
2.7 "IPO Effective Date" means the date the
registration statement filed in connection with the IPO is declared effective by
the SEC.
2.8 "1934 Act" means the Securities Exchange Act of
1934, as amended.
2.9 "Register," "registered," and "registration"
refer to a registration effected by preparing and filing a registration
statement or similar document in compliance with the Act, and the declaration or
ordering of effectiveness of such registration statement or document.
2.10 "Registrable Shares" means (i) the Common Stock
issued or issuable to holders of BioFactors common stock issued upon the
conversion of the Series A Preferred Stock, (ii) the Common Stock issued or
issuable pursuant to the Interim Bridge Agreements, (iii) the Common Stock
issuable upon conversion or exercise of any security issued pursuant to the
Interim Bridge Agreements, (iv) any Common Stock issued as (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued
as) a dividend or other distribution with respect to, or in exchange for or in
replacement of the shares referenced in clauses (i), (ii) and (iii) above,
excluding in all cases, however, any Registrable Shares sold by a person in a
transaction in which his rights under Section 3 are not assigned.
2.11 "Series A Preferred Stock" means shares of
BioFactors Series A Convertible Preferred Stock, par value $0.01 per share,
issued and subsequently converted on November 2, 1995 into shares of Common
Stock of BioFactors (the "Conversion").
3. Registration Rights. The Company covenants and agrees as follows:
3.1 Demand Registration. At any time, commencing on
the 12-month anniversary of the IPO Effective Date and expiring on the 36-month
anniversary of the IPO Effective Date, (i) the Holders of at least 40% of the
Registrable Shares then outstanding may request the registration on Form S-3 of
part or all of their Registrable Shares or (ii) one or more Holders may request
the registration on Form S-3 of Registrable Shares with a reasonably anticipated
aggregate price to the public of at least $1,000,000 (either such request being
a "Demand Registration"). The Company will:
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(a) promptly give written notice of the
proposed registration, and any related qualification or compliance, to all
other Holders; and
(b) as soon as practicable, effect such
registration of all or such portion of such Holders' Registrable Shares as are
specified in such request, together with all or such portion of the Registrable
Shares of any other Holder or Holders joining in such request as are specified
in a written request given within twenty (20) days after receipt of such written
notice from the Company; provided, however, that the Company shall not be
obligated to effect any such registration, qualification or compliance, pursuant
to this Section 3.1: (1) if Form S-3 is not available for such offering by the
selling Holders; (2) if the Company shall furnish to the selling Holders a
certificate signed by the President of the Company stating that, in the good
faith judgment of the Board of Directors of the Company, it would be seriously
detrimental to the Company and its shareholders for such Form S-3 registration
to be effected at such time, in which event the Company shall have the right to
defer the filing of the Form S-3 registration statement for a period of not more
than ninety (90) days after receipt of the request of the Holder or Holders
under this Section 3.1; provided, however, that the Company shall not utilize
this right more than once in any twelve (12) month period; or (3) if the Company
has already effected two (2) registrations on Form S-3 for the Holders pursuant
to this Section 3.1.
(c) Subject to the foregoing, the Company
shall use its best efforts to file a registration statement covering the
Registrable Shares and other securities so requested to be registered as soon as
practicable after receipt of the request or requests of the Holders and to cause
such registration statement to be declared effective.
(d) The Company shall be entitled to
participate in any Demand Registration and shall have the right to notify such
of its shareholders as it shall desire of any Demand Registration and to invite
them to participate in such registration; provided, subject to Section 3.2(a),
the Company will give priority for inclusion in such registration (i) first, to
securities requested to be included in such Demand Registration that are
Registrable Shares, and (ii) second, to other securities, if any.
(e) The Company shall not be obligated to
effect any registration pursuant to this Section 3.1 if the Company delivers to
the Holders requesting registration under this Section 3.1 an opinion, in form
and substance acceptable to such Holders, of counsel satisfactory to such
Holders, that all of the Registrable Shares so requested to be registered may be
sold or transferred pursuant to Rule 144 under the Act within a consecutive
three-month period.
3.2 Conditions and Limitations on Registrations. The
registration rights granted by Section 3.1 hereof are subject to the following
conditions and limitations:
(a) Notwithstanding the receipt of a request
for a Demand Registration under Section 3.1 hereof, the Company shall always
have the right to initiate a primary offering of its securities at any time. If
the Company elects to do so, (i) subject to Section 3.2(b) hereof, it may
postpone the filing of a registration statement in response to such demand for
up to 180 days after receipt of such request for registration or (ii) it may
include the Registrable Shares and other securities subject to the demand in
such registration statement. In the event Registrable Shares and other
securities subject to the demand are included in such registration statement,
the Company will give priority for inclusion in such registration (i) first, to
the securities the Company proposes to sell, (ii) second, to
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securities, if any, held by the managing underwriter of the Company's IPO, and
(iii) third, to Registrable Shares, pro rata among the selling Holders on the
basis of the number of shares held. The Company's determination of priority for
inclusion in any such registration statement shall be final and binding, absent
manifest error. If not all the Registrable Shares subject to the demand are
registered, such registration will not constitute a Demand Registration for
purposes of Section 3.1.
(b) The Company shall not be required to
proceed with any Demand Registration for a period of 180 days from the
completion of sales of Registrable Shares in any prior underwritten
registration; provided, however, that the Company shall proceed with such demand
if and to the extent permitted by the managing underwriter of the offering to
which such prior registration relates. If not all the Registrable Shares
requested to be registered in such demand are permitted by the underwriter to be
registered, such request will not constitute a Demand Registration for purposes
of Section 3.1.
(c) If any registration statement pursuant
to Section 3.1 shall be underwritten in whole or in part, the Company may
require that the Registrable Shares requested for inclusion be included in the
underwriting on the same terms and conditions as the securities otherwise being
sold through the underwriter(s).
(d) No Holder shall have any right to obtain
or seek an injunction restraining or otherwise delaying any such registration as
the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 3.
3.3 Covenants With Respect to Registration. Whenever
required under Section 3.1 to effect the registration of any Registrable Shares:
(a) The Company shall prepare and file with
the Commission such amendments and supplements to such registration statement
and the prospectus used in connection with such registration statement as, in
the opinion of counsel to the Company, may be necessary to comply with the
provisions of the Act with respect to the disposition of all securities covered
by such registration statement.
(b) Before filing any registration statement
or any amendment thereto that includes any Registrable Shares, the Company shall
furnish to the selling Holders copies of the sections in the registration
statement that include information relating to the selling Holders for their
review and comment, and each selling Holder agrees that he or it shall provide
the Company and the managing underwriter, if any, with all information regarding
such Holder that is reasonably requested to be included in the registration
statement.
(c) The Company shall furnish to such
selling Holders such numbers of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Act, and such other
documents as they may reasonably request in order to facilitate the disposition
of Shares owned by them.
(d) The Company shall use its best efforts
to register and qualify the securities covered by such registration statement
under such other securities or Blue Sky laws of such jurisdictions as shall be
reasonably requested by the selling Holders; provided, however, that the
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Company shall not be required in connection therewith, or as a condition
thereto, to qualify to do business or to file a general consent to service of
process in any such states or jurisdictions, unless the Company is already
subject to service in such jurisdiction and except as may be required by the
Act.
(e) If requested by the managing underwriter
in the event of any underwritten public offering, the Company shall enter into
and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter of such offering. Each Holder
participating in such underwriting shall also enter into and perform its
obligations under such an agreement.
(f) The Company shall notify each selling
Holder, at any time when a prospectus is required to be delivered under the Act,
of the happening of any event as a result of which the prospectus included in
such registration statement, as then in effect, includes an untrue statement of
a material fact or omits to state a material fact required to be stated therein
or necessary to make the statements therein not misleading in the light of the
circumstances then existing.
(g) The Company shall cause all such
securities registered pursuant hereto to be listed on each securities exchange
or automated inter-dealer quotation system on which similar securities issued by
the Company are then listed.
(h) It shall be a condition precedent to the
obligations of the Company to take any action pursuant to Section 3.1 with
respect to the Registrable Shares of any selling Holder that such Holder shall
furnish to the Company such information regarding itself, the securities held by
it, and the intended method of disposition of such securities as shall be
required to effect the registration of such Holder's securities.
(i) The Company shall pay all expenses other
than underwriting discounts and commissions incurred in connection with
registrations, filings or qualifications pursuant to Section 3.1, including
(without limitation) all registration, filing and qualification fees, printers'
and accounting fees, fees and disbursements of counsel for the Company (but not
including any fees and expenses of counsel or other professionals retained by
the selling Holders).
3.4 Indemnification.
(a) Indemnification of Holder of Registrable
Shares. In the event that the Company registers any of the Registrable Shares
under the Act, the Company will indemnify and hold harmless the Holder thereof
from and against any and all losses, claims, damages, expenses or liabilities to
which he becomes subject under the Act and, except as hereinafter provided, will
reimburse the Holder for any legal or other expenses, if any, reasonably
incurred by him in connection with investigating or defending any actions,
whether or not resulting in any liability, insofar as such losses, claims,
damages, expenses, liabilities or actions arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in the
registration statement, in any preliminary prospectus or in the prospectus (or
the registration statement or prospectus as from time to time amended or
supplemented by the Company) or arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated
therein or necessary in order to make the statements therein not misleading,
unless (i) such untrue statement or omission was made in such registration
statement, preliminary prospectus or prospectus in reliance upon and in
conformity
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with information furnished in writing to the Company in connection therewith by
the Holder expressly for use therein, or (ii) such violation arises from the
failure of the Holder to comply with any legal requirement applicable to him to
deliver a copy of the prospectus or any supplements or amendments thereto after
the Company has furnished the Holder with a sufficient number of copies of the
same. Promptly after receipt by the Holder of notice of the commencement of any
action in respect of which indemnity may be sought from the Company, the Holder
shall notify the Company in writing of the commencement thereof and, subject to
the provisions hereinafter stated, the Company shall assume the defense of such
action (including the employment of counsel selected by the Company, who shall
be counsel reasonably satisfactory to the Holder), and the payment of expenses
insofar as such action shall relate to any alleged liability of which indemnity
may be sought against the company. The Holder shall have the right to employ
separate counsel in any such action and to participate in the defense thereof,
but the fees and expenses of such counsel shall not be at the expense of the
Company. The Company shall not be required to indemnify any person for any
settlement of any such action effected without the Company's prior written
consent. The Company shall not, except with the approval of each party being
indemnified under this Section 3.4(a), consent to entry of any judgment or
enter into any settlement which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to the parties being so
indemnified of a release from all liability in respect to such claim or
litigation.
(b) Indemnification of the Company. In the
event that the Company registers any of the Registrable Shares under the Act,
the Holder thereof will indemnify and hold harmless the Company, each of its
directors, each of its officers who have signed the registration statement, each
underwriter of the Registrable Shares so registered (including any broker or
dealer through whom the shares may be sold) and each person, if any, who
controls the Company within the meaning of Section 15 of the Act from and
against any losses, claims, damages, expenses or liabilities, joint or several,
to which they become or any of them may become subject under the Act and, except
as hereinafter provided, will reimburse the Company, and each such director,
officer, underwriter or controlling person for any legal or other expenses
reasonably incurred by them or any of them in connection with investigating or
defending any actions whether or not resulting in any liability, insofar as such
losses, claims, damages, expenses, liabilities or actions arise out of or are
based upon any untrue statement or alleged untrue statement of a material fact
contained in the registration statement or in any preliminary prospectus or
prospectus (as from time to time amended or supplemented) or arise out of or are
based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary in order to make the statements
therein not misleading, but only insofar as any such statement or omission was
made in reliance upon and in conformity with information furnished in writing to
the Company in connection therewith by the Holder expressly for use therein.
Promptly after receipt of notice of the commencement of any action in respect of
which indemnity may be sought against the Holder, the Company will notify the
Holder in writing of the commencement thereof, and the Holder shall, subject to
the provisions hereinafter stated, assume the defense of such action (including
the employment of counsel selected by the Holder, who shall be counsel
reasonably satisfactory to the Company) and the payment of expenses insofar as
such action shall relate to the alleged liability in respect of which indemnity
may be sought against the Holder. The Company and each such director, officer,
underwriter or controlling person shall have the right to employ separate
counsel in any such action and to participate in the defense thereof, but the
fees and expenses of such counsel shall not be at the expense of the Holder.
The Holder shall not be required to indemnify any person for any settlement of
any such action effected without the Holder's consent.
3.5 Assignment of Registration Rights. The rights to
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cause the Company to register Registrable Shares pursuant to this Section 3 may
be assigned (but only with all related obligations) by a Holder to any partner
or shareholder of such Holder without restriction or requirement as to number
of shares, or to a transferee or assignee of such securities who, as a result
of such assignment or transfer, acquires at least fifty percent (50%) of such
transferring Holder's Registrable Shares, provided: (a) the Company is, within
a reasonable time after such transfer, furnished with written notice of the
name and address of such transferee or assignee and the securities with respect
to which such registration rights are being assigned; (b) such transferee or
assignee agrees in writing to be bound by and subject to the terms and
conditions of this Agreement, and (c) such assignment shall be effective only
if immediately following such transfer the further disposition of such
securities by the transferee or assignee is restricted under the Act.
3.6 Termination of Registration Rights. No Holder shall be
entitled to exercise any right provided for in this Section 3 after four (4)
years following the IPO Effective Date.
4. Miscellaneous.
4.1 Successors and Assigns. Except as otherwise provided
herein, the terms and conditions of this Agreement shall inure to the benefit of
and be binding upon the respective successors and assigns of the parties
(including transferees of any shares of Registrable Shares). Nothing in this
Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.
4.2 Governing Law. This Agreement shall be governed by and
construed under the laws of the State of Colorado, disregarding Colorado
principles of conflicts of laws which would otherwise provide for the
application of the substantive laws of another jurisdiction.
4.3 Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
4.4 Titles and Subtitles. The titles and subtitles used in
this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.
4.5 Notices. Unless otherwise provided, all notices, offers,
acceptances and any other acts required or permitted under this Agreement shall
be given in writing and shall be deemed effectively given upon personal delivery
to the party to be notified, upon receipted delivery by facsimile transmission,
one (1) day after deposit with Federal Express or similar air courier, two (2)
days in the case of non-U.S. purchasers, or four (4) days after deposit with the
United States Post Office, by registered or certified mail, postage prepaid, and
addressed to the party to be notified at the address indicated below for such
party, or at such other address as such party may designate by ten (10) days'
advance written notice to the other, as follows:
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Purchaser: At the address designated on the appropriate
signature page of this Agreement.
The Company: BioFactors, Inc.
0000 Xxxx Xxxxxxxxx, Xxxxx 000
Xxxxxx, XX 00000
Attn: General Counsel
Tel: 000-000-0000
Fax: 000-000-0000
4.6 Expenses. If any action at law or in equity is
necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorneys' fees, costs and necessary
disbursements in addition to any other relief to which such party may be
entitled.
4.7 Amendments and Waivers. Any term of this
Agreement may be amended and the observance of any term of this Agreement may be
waived (either generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the holders of
a majority of the Registrable Shares then outstanding. Any amendment or waiver
effected in accordance with this Section 4.7 shall be binding upon each holder
of any Registrable Shares then outstanding, each future holder of all such
Registrable Shares, and the Company.
4.8 Severability. If one or more provisions of this
Agreement are held to be unenforceable under applicable law, such provision
shall be excluded from this Agreement and the balance of the Agreement shall be
interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms.
4.9 Entire Agreement. This Agreement constitutes the
full and entire understanding and agreement between the parties with regard to
the subjects hereof.
[THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK.]
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IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.
BIOFACTORS, INC.
By: /s/ XXXXXX X. XXXX
Xxxxxx X. Xxxx
President and CEO
0000 Xxxx Xxxxxxxxx #000
Xxxxxx, XX 00000
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SIGNATURE PAGE TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
NEW INVESTOR: Admiral Capital NEW INVESTOR:
Corporation
By: /s/ XXXX X. XXXXXX By: /s/ XX. XXXXXXX X. XXXXXX
----------------------------------- ----------------------------------
Name: Xxxx X. Xxxxxx Name: Xx. Xxxxxxx X. Xxxxxx
--------------------------------- --------------------------------
Title: President Title:
-------------------------------- -------------------------------
Address: Admiral Capital Corp. Address: 000 Xxx 00
------------------------------ -----------------------------
0000 Xxxx Xxxx Xx, Xxx 000
Xxxxx Xxxx, XX 00000 [ILLEGIBLE] NJ 07747
-------------------------------------- -------------------------------------
000-000-0000
NEW INVESTOR: NEW INVESTOR:
By: /s/ XXXXXX XXXXXX By: /s/ XXXXXXX X. XXXXX
----------------------------------- ----------------------------------
Name: Xxxxxx Xxxxxx Name: Xx. Xxxxxxx Glass
--------------------------------- --------------------------------
Title: Title:
-------------------------------- -------------------------------
Address: 000 Xxxxxxx Xx Address: 00 Xxxxx Xx
------------------------------ -----------------------------
Xxxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
-------------------------------------- -------------------------------------
NEW INVESTOR: NEW INVESTOR:
By: /s/ XXXXXX X. XXXX By:
----------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxx Name:
--------------------------------- --------------------------------
Title: Title:
-------------------------------- -------------------------------
Address: 0000 Xxxxx Xxxxx Address:
------------------------------ -----------------------------
Xxxxxxxx XX 00000
-------------------------------------- -------------------------------------
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SIGNATURE PAGE TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
NEW INVESTOR: NEW INVESTOR:
By:/s/ LOW KENG TEE By: /s/ XXXXXX XXXXXXX
----------------------------------- ----------------------------------
Name: Low Keng Tee Name: Xxxxxx Xxxxxxx
--------------------------------- --------------------------------
Title: -- Title:
-------------------------------- -------------------------------
Address: Xxx 000, Xxxxxxx Xxx 0, Xxxxxxx: 40 Xxxxxx Dr.
------------------------------ -----------------------------
A 07-1209, Xxxxxxxxx 000000 X. Xxxxxxxx, XX 00000
-------------------------------------- -------------------------------------
NEW INVESTOR: NEW INVESTOR:
/s/ XXXXXXX X. XXXXXXX /s/ XXXXXX XXXXXXXX
By: /s/ XXXX X. XXXXXXX By: /s/ XXXXXX XXXXXXXX
----------------------------------- ----------------------------------
Name: Xxxxxxx X. Xxxxxxx
Xxxx X. Xxxxxxx Name: Xxxxxx & Xxxxxx Xxxxxxxx
--------------------------------- --------------------------------
Title: Title: [ILLEGIBLE]
-------------------------------- -------------------------------
Address: 0000 Xxxxxx Xx Address: 0000 Xxxxxxx Xxxx [ILLEGIBLE]
------------------------------ -----------------------------
Xxxxxx XX 00000 Xxxxxxxx, XX 00000
-------------------------------------- -------------------------------------
NEW INVESTOR: Voice Plus, Inc. NEW INVESTOR:
By: /s/ XXXXX X. XXXXXXXXX By: /s/ XXXXXXX X. XXXXXXXX
----------------------------------- ----------------------------------
Name: Xxxxx X. Xxxxxxxxx Name: Xxxxxxx X. Xxxxxxxx
--------------------------------- --------------------------------
Title: President Title:
-------------------------------- -------------------------------
Address: 00000 Xxxxxxxxx Xx. Address: 000 Xxxxxxxxx Xxxx
------------------------------ -----------------------------
Xxxxx 000
Xxxxxx, XX 00000 Xxxxxxx Xxxxxxx, XX 00000
-------------------------------------- -------------------------------------
NEW INVESTOR: NEW INVESTOR:
By: /s/ XXXXXXX X XXXX By:
----------------------------------- ----------------------------------
Name: Xxxxxxx X. Xxxx Name:
--------------------------------- --------------------------------
Title: Title:
-------------------------------- -------------------------------
Address: 00 Xxxxxx Xxxxx Xxxx Address:
------------------------------ -----------------------------
Xxxxxxxxx, XX 00000
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SIGNATURE PAGE TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
MAJORITY HOLDER:
By: /s/ XXXXXX X. XXXX, XX.
----------------------------------------
Name: Xxxxxx X. Xxxx, Xx.
--------------------------------------
Title: Director
-------------------------------------
Address: 0000 X. Xxxxxxx #000
Xxxxxxxxx, XX 00000
MAJORITY HOLDER: ADMIRAL CAPITAL CORPORATION,
AS TRUSTEE
By: /s/ XXXX X. XXXXXX
----------------------------------------
Name: Xxxx X. Xxxxxx
--------------------------------------
Title: President
-------------------------------------
Address: X.X. Xxx 000
Xxxxxxxx, XX 00000
MAJORITY HOLDER: AFRO-ASIA (DIGITAL ONE) PTE LTD.
By: /s/ TAN CHIN HOON
----------------------------------------
Name: Tan Chin Hoon
--------------------------------------
Title: Director
-------------------------------------
Address: 00 Xxxxxxxx Xxxx #00-00,
Xxxx Xxxx Xxxxxxxx
Xxxxxxxxx 0000
MAJORITY HOLDER:
By: /s/ XXXXXX XXXXXXXXXX
----------------------------------------
Name: Xxxxxx Xxxxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ X.X. XXXXXXXXXX
----------------------------------------
Name: X.X. Xxxxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX XXXXX
----------------------------------------
Name: Xxxxxxx Xxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ CHAI XXXXX XXXX
----------------------------------------
Name: Chai Xxxxx Xxxx
--------------------------------------
Title:
-------------------------------------
Address: 00 Xxxxxxx Xxxxx
#00-000
Xxxxxxxxx 0000
MAJORITY HOLDER:
By: /s/ XXXXXX X. XXXX
----------------------------------------
Name: Xxxxxx X. Xxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXX X. XXXXXX
----------------------------------------
Name: Xxx X. Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address: X.X. Xxx 000
Xxxx, XX 00000
MAJORITY HOLDER: XXXXX X. XXXX, TRUSTEE OF THE
XXXXX AND XXXXXXX XXXX
REVOCABLE TRUST
By: /s/ XXXXX X. XXXX
----------------------------------------
Name: Xxxxx X. Xxxx
--------------------------------------
Title: Trustee
-------------------------------------
Address: 000 Xxxxx Xx Xxxxxx
Xxxxx Xxxxxx Xxxxxxx, XX 00000
MAJORITY HOLDER:
By: /s/ XXXXX XXXXXXX
----------------------------------------
Name: Xxxxx Xxxxxxx
--------------------------------------
Title:
-------------------------------------
Address: 0000 Xxxxxx Xx.
Xxxxx, XX 00000
MAJORITY HOLDER:
By: /s/ XXXXXX XXX XXXX XXXXXX
----------------------------------------
Name: Xxxxxx Xxx Xxxx Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address: 00 Xxxxxx Xxxxx Xxxxx Xxx 0
0000 Xxxxxx
Xxxxxxxx
Xxxxxxxx
MAJORITY HOLDER:
By: /s/ XXXXXXXXX XXXXX XXXXXXX
----------------------------------------
Name: Xxxxxxxxx Xxxxx Xxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXXX ZAYU MOH
----------------------------------------
Name: Xxxxxxxx Zayu Moh
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX XXX XXXX XXXX
----------------------------------------
Name: Xxxxxxx Xxx Kiah Teck
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXX X. XXXXXX
----------------------------------------
Name: Xxxxx X. Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX X. XXXXXXXX
----------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX X. XXXXXXX
----------------------------------------
Name: Xxxxxx X. Xxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX X. XXXX
----------------------------------------
Name: Xxxxxxx X. Xxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX XXXXXXX
----------------------------------------
Name: Xxxxxx Xxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX X. XXXXXX
----------------------------------------
Name: Xxxxxx X. Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXX XXXXXXXXXXX
----------------------------------------
Name: Xxxx Xxxxxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX XXXXX
----------------------------------------
Name: Xxxxxx Xxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXX XXXXX
----------------------------------------
Name: Xxxxx Xxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX DALLAS
----------------------------------------
Name: Xxxxxxx Dallas
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX XXX
----------------------------------------
Name: Xxxxxxx Xxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXX X. XXXXXXXXX, XX.
----------------------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXX XXX
----------------------------------------
Name: Xxxx Xxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ RAM IYENGAR
----------------------------------------
Name: Ram Iyengar
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX X. XXXXX
----------------------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX X. XXXXXXXX
----------------------------------------
Name: Xxxxxx X. Xxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXX XXXXX XXXXXX
----------------------------------------
Name: Xxxx Xxxxx Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX AND XXXXXXX XXXXXXXX
----------------------------------------
Name: Xxxxxxx and Xxxxxxx Xxxxxxxx
--------------------------------------
Title: Joint Tenants
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXX X. XXXXXXXX
----------------------------------------
Name: Xxxxx X. Xxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXX XXXXXXXX
----------------------------------------
Name: Xxxxx Xxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXX XXXXXX
----------------------------------------
Name: Xxxx Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXXX XXXXXX
----------------------------------------
Name: Xxxxxxx Xxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER: HELERIC TRADING LTD.
By: /s/ XXXXXX XXXXX
----------------------------------------
Name: Xxxxxx Xxxxx
--------------------------------------
Title: Vice President
-------------------------------------
Address:
MAJORITY HOLDER:
By: /s/ XXXXXX XXXXXXXX
----------------------------------------
Name: Xxxxxx Xxxxxxxx
--------------------------------------
Title:
-------------------------------------
Address:
MAJORITY HOLDER: XXXXXXXX FAMILY PARTNERS, INC.
By: /s/ XXXXXX XXXXXXXX
----------------------------------------
Name: Xxxxxx Xxxxxxxx
--------------------------------------
Title: President
-------------------------------------
Address:
MAJORITY HOLDER: XXXXX ELSACA SAUD
By: /s/ XXXXXXX X. XXXXX
----------------------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------------------
Title: Attorney in fact
-------------------------------------
Address:
-11-
14
SIGNATURE PAGE TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ X.X. XXXXX By: /s/ TAN CHIN HOON
---------------------------------- -----------------------------------
Name: X. X. Xxxxx 11/20/96 Name: AFRO-ASIA (DIGITAL ONE) PTE. LTD
-------------------------------- ---------------------------------
Title: Title: DIRECTOR
------------------------------- --------------------------------
Address: Address:
----------------------------- ------------------------------
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXX XXXXXXXXXX 11/11/96 By: /s/ XXXXX X. XXXXXXXXXX
---------------------------------- -----------------------------------
Name: Xxx Xxxxxxxxxx Name: Xxxxx X. Xxxxxxxxxx
-------------------------------- ---------------------------------
Title: M G (Ret.) Title:
------------------------------- --------------------------------
Address: 00000 X. Xxxxxx Xx. Address: P.O. Box 1198
----------------------------- ------------------------------
Xxxxxxxx, XX 00000 Xxx Xxxxx, Xxxxx. 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ WM. X. XXXXX By: /s/ XXXXXXXX X. XXXXXX
---------------------------------- -----------------------------------
Name: Wm. X. Xxxxx Name: Xxxxxxxx X. Xxxxxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: 00000 Xxxxxx Xxx Address:One Embarcadero Ctr. Suite 150
----------------------------- ------------------------------
Xxxxxxxx, XX 00000 Xxx Xxxxxxxxx, XX 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXX X. XXXXX By: /s/ XXXXXX X. XXXXXXXXX
---------------------------------- -----------------------------------
Name: Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxxxxx
-------------------------------- ---------------------------------
Title: Investor Title: General Partner
------------------------------- --------------------------------
Address: 000 Xxxxx Xxxxxxxxx Xxx Address: 000 Xxxx Xxxxxx Xx. #0000
----------------------------- ------------------------------
Xxx Xxxxxxx, Xxxxx 00000 Xxxxxxx, XX 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXXX X. GETTY By: /s/ WILL X. XXXXXXXXX
---------------------------------- -----------------------------------
Name: Xxxxxx X. Getty Name: Will X. Xxxxxxxxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: Address: 000 Xxxxxxxxxx Xxxxxx
----------------------------- ------------------------------
Suite 600
------------------------------------- --------------------------------------
Xxx Xxxxxxxxx, XX 00000
--------------------------------------
15
SIGNATURE PAGE TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXXX X. XXXX By: /s/ GOH XX XXX
---------------------------------- -----------------------------------
Name: Xxxxxx X. Xxxx Name: Goh Xx Xxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: Address:
----------------------------- ------------------------------
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXX X. XXXXXX By: /s/ XXXXX X. XXXX
---------------------------------- -----------------------------------
Name: Xxx X. Xxxxxx Name: Xxxxx X. Xxxx
-------------------------------- ---------------------------------
Title: Title: Trustee
------------------------------- --------------------------------
Address: 00 Xxxxxx Xx - PH Address: 000 Xxxxx Xx Xxxxxx
----------------------------- ------------------------------
Xxx Xxxxxxxxx, XX 00000 Palos Xxxxxx Xxxxxxx, XX 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXX XXXXXXX By: /s/ KAYLOE TJIO
---------------------------------- -----------------------------------
Name: Xxxxx Xxxxxxx Name: Kayloe Tjio for Leonaris Trust
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: 0000 Xxxxxx Xx. Address:
----------------------------- ------------------------------
Xxxxxxxx, XX 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXXX XXX XXXX XXXXXX By: /s/ XXXXXXXXX X. XXXXXXX
---------------------------------- -----------------------------------
Name: Xxxxxx Xxx Xxxx Xxxxxx Name: Xxxxxxxxx X. Xxxxxxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: 39 Lorong Cmong Kmoon Lin 2 Address: 000 Xxxxxx Xxx.
----------------------------- ------------------------------
00000 Xxxxxx Xxxxxxxx Xxxxxxx, XX 00000
------------------------------------- --------------------------------------
16
SIGNATURE PAGE TO
BIO FACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ N.T. XXXXXXX By: /s/ SOON XXXX XXX
---------------------------------- -----------------------------------
Name: N.T. Xxxxxxx Name: Soon Xxxx Xxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: 00000 Xxxxxxx Xxxx Address: Xxx 000, Bashan St 22
----------------------------- ------------------------------
Xxxxxxxx, XX 00000 # 00-000, Xxxxxxxxx 000000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXXXX XXX XXXX XXXX By: /s/ XXXXX X. XXXXXX
---------------------------------- -----------------------------------
Name: Xxxxxxx Xxx Xxxx Xxxx Name: Xxxxx X. Xxxxxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: Address: 0000 Xxxxxxxx Xx. # 000
----------------------------- ------------------------------
Xxxxxx, XX 00000
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ X.X. XXXXXXXX By: /s/ X.X. XXXXXXX
---------------------------------- -----------------------------------
Name: X.X. Xxxxxxxx Name: X.X. Xxxxxxx
-------------------------------- ---------------------------------
Title: Title: Lawyer
------------------------------- --------------------------------
Address: X.X. Xxx 0000 Address: 101-1111 Prince of Wales Dr.
----------------------------- ------------------------------
Incline Village, NV 89450 Xxxxxx, XX X0X0X0
------------------------------------- --------------------------------------
SERIES A INVESTOR: SERIES A INVESTOR:
By: /s/ XXXXX XXXXXXX III By: /s/ XXXXXXX X. XXXX
---------------------------------- -----------------------------------
Name: Xxxxx Xxxxxxx, III Name: Xxxxxxx X. Xxxx
-------------------------------- ---------------------------------
Title: Title:
------------------------------- --------------------------------
Address: 0000 X. Xxxxx Xxx Xxxxxxx: 00 Xxxxxx Xxxxx Xx.
----------------------------- ------------------------------
Xxxxx, XX 00000 Xxxxxxxxx, XX 00000
------------------------------------- --------------------------------------
17
SCHEDULE A TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
MAJORITY HOLDERS
Xxxxxx X. Xxxx, Xx.
Admiral Capital Corporation
Afro-Asia (Digital One) Pte Ltd.
Xxxxx Xxxxxx
Xxxxxx Xxxxxxxxxx
X.X. Xxxxxxxxxx
Xxxxxxx Xxxxx
Xxxx Xxxxx Xxxx
Xxxxxx X. Xxxx
Goh Xxxxx Xxxx
Xxx X. Xxxxxx
Xxxxx X. Xxxx, Trustee of the Xxxxx and
Xxxxxxx Xxxx Revocable Trust
Xxxxx Xxxxxxx
Xxxxxx Xxx Xxxx Xxxxxx
Xxxxxxxxx Xxxxx Xxxxxxx
Xxxxxxx Xxxxx
Soon Xxxx Xxx
Xxxxxxx Xxx Xxxx Xxxx
Xxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxx
Zayucel Ltd.
Xxxxxxx X. Xxxx
Xxxxxx Xxxxxxx
Xxxxxx X. Xxxxxx
Xxxx Xxxxxxxxxxx
Xxxxxx and Xxxxxxx Xxxxx
SAGAX Fund II
Xxxxx Xxxxx
Xxxxxxx Dallas
Xxxxxxx Xxx
Xxxxxx Xxxxxx
Xxxx Xxxxxxxxx
Xxxx Xxx
Ram Xxxxxxx
Xxxxxxx X. Xxxxx
Xxxxxx X. Xxxxxxxx
Xxxx X. Xxxxxx
Xxxxxxx and Xxxxxxx Xxxxxxxx as X.X.
Xxxxx X. Xxxxxxxx
Xxxxx Xxxxxxxx
Xxxx Xxxxxx
Xxxxxxx Xxxxxx
Heleric Trading Ltd.
Xxxxxx Xxxxxxxx
Xxxxxxxx Family Partners, Inc.
Xxxxx Elsaca Saud
A-1
18
SCHEDULE B TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
NEW INVESTORS
Admiral Capital Corporation
Xxxxxxx X. Xxxxxx
Xxxxxx Xxxxxx
Xxxxxxx X. Xxxxx
Xxxxxx X. Xxxx
Low Keng Tee
Xxxxxx Xxxxxxx
Xxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx JTWRS
Xxxxxx Xxxxxxxx and Xxxxxx Xxxxxxxx JTWRS
Voice Plus, Inc.
Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxx
B-1
19
SCHEDULE C TO
BIOFACTORS, INC.
REGISTRATION RIGHTS AGREEMENT
SERIES A INVESTORS
Xxxxxx X. Xxxx, Xx.
Afro-Asia (Digital One) Pte. Ltd.
Xxxxxx Xxxxxxxxxx
Xxxxx X. Xxxxxxxxxx
Xxxxxxx X. Xxxxx
Xxxxxxxx X. Xxxxxx
Xxxx X. Xxxxx
Genesis Group Limited Partnership
Xxxxxx X. Getty
Xxxxxx X. Xxxx
Goh Xx Xxx
Xxx X. Xxxxxx
Xxxxx X. Xxxx, Trustee
Xxxxx Xxxxxxx
Leonaris Trust Ltd.
Xxxxxx Xxx Xxxx Xxxxxx
Xxxxxxxxx X. Xxxxxxx
N.T. Xxxxxxx
Soon Xxxx Xxx
Xxxxxxx Xxx Xxxx Xxxx
Xxxxx X. Xxxxxx
Will X. Xxxxxxxxx
X.X. Xxxxxxxx
Xxxxxx X. Xxxxxxx
Xxxxx Xxxxxxx III
Xxxxxxx X. Xxxx
C-1
