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Exhibit 10.23.1
AMENDMENT TO
THE AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT
DATED MARCH 5, 1999
THIS AMENDMENT TO CERTAIN TERMS OF THE AMENDED AND RESTATED
STOCKHOLDERS' AGREEMENT (this "Amendment") dated as of May 24, 1999, by and
among Medscape, Inc., a Delaware corporation (the "Corporation"), and the
Stockholders who are parties to the Amended and Restated Stockholders'
Agreement, dated as of March 5, 1999 (as so amended, the "Stockholders'
Agreement").
WHEREAS, pursuant to Sections 12 and 13 of the Stockholders'
Agreement, the written consent of (i) the Corporation, (ii) the Stockholders
holding a majority of (x) the shares of Series C Stock and (y) the Vested Shares
held by Xx. Xxxxxxx, (iii) the Stockholders holding at least 66 2/3 of the
shares of Series D Preferred Stock, and (d) the Stockholders holding a majority
of the shares of Class A Common Stock is required for any amendment to, and
waiver of the provisions of, the Stockholders' Agreement; and
WHEREAS, the parties to the Stockholders' Agreement wish to
amend the Stockholders Agreement as set forth below.
NOW, THEREFORE, in consideration of the premises and of the
mutual consents and obligations hereinafter set forth, the parties hereto hereby
agree as follows:
SECTION 1. Definitions. Capitalized terms used herein and not
defined herein, shall have the meaning given such terms in the Stockholders'
Agreement.
SECTION 2. Amendment to Section 2 - Election of Directors. A
new subsection 2.(j) shall be added to the Stockholders' Agreement, which shall
read in its entirety as follows:
"(j) The rights and obligations of the Corporation and the
Stockholders set forth in this Section 2 shall
terminate upon the consummation of a Designated
Offering."
SECTION 3. Captions. The captions in this Amendment are for
convenience of reference only and shall not define or limit any of the terms or
provisions hereof.
SECTION 4. Stockholders' Agreement to Remain in Full Force and
Effect. Except as amended hereby, the Stockholders' Agreement shall remain in
full force
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and effect and is hereby ratified, adopted and confirmed in all respects. All
references in the Stockholders' Agreement to "herein," or words of like import,
and all references to the Stockholders' Agreement in any agreement or document
shall hereafter be deemed to refer to the Stockholders' Agreement, as amended
hereby.
SECTION 5. Governing Law. This Amendment shall be governed and
construed in accordance with the laws of the State of New York.
SECTION 6. Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto on separate counterparts,
each of which counterparts, when so executed and delivered, shall be deemed to
be an original and all of which counterparts taken together, shall constitute
but one and the same amendment.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment and Waiver to be executed as of the date and year first written above.
MEDSCAPE, INC.
By: /s/ Xxxx X. Xxxxxx
-------------------------------------
Xxxx X. Xxxxxx
President and Chief Executive Officer
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(STOCKHOLDER WITH RIGHTS UNDER SECTION 13)
/s/Xxxxxxx X . Xxxxxxx
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Xxxxxxx X. Xxxxxxx, M.D., Ph.D.
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INVESTOR STOCKHOLDERS
(SERIES C STOCK)
/s/ Xxxxxx Xxxxx CSK VENTURE CAPITAL CO., LTD.,
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XXXXXX XXXXX as investment manager for CSK-1(B)
Investment Fund
APA EXCELSIOR IV, L.P.
By: /s/ Max Kuroishi
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Name: Max Kuroishi
By: /s/ Xxxx Xxxxxxxx Title: Director
--------------------------------------
Name: Xxxx Xxxxxxxx
Title:
CSK VENTURE CAPITAL CO., LTD.,
as investment manager for CSK-2
XXXXXX & CO. (CAYMAN) LTD., C/F Investment Fund
APA EXCELSIOR IV/OFFSHORE, L.P.
By: /s/ Xxxx Xxxxxxxx By: /s/ Max Kuroishi
-------------------------------------- -------------------------------
Name: Xxxx Xxxxxxxx Name: Max Kuroishi
Title: Title: Director
THE PATRICOF PRIVATE MEDIA TECHNOLOGY VENTURES, L.P.
INVESTMENT CLUB
By: /s/ Xxxx Xxxxxxxx By: /s/ Xxxxx Xxxxxxx
-------------------------------------- -------------------------------
Name: Xxxx Xxxxxxxx Name: Xxxxx X. Xxxxxxx
Title: Title: Managing Member of the General
Partner
CSK VENTURE CAPITAL CO., LTD.,
as investment manager for CSK-1(A) MEDIA TECHNOLOGY VENTURES
Investment Fund ENTREPRENEURS FUND, L.P.
By: /s/ Max Kuroishi By:/s/ Xxxxx Xxxxxxx
-------------------------------------- -------------------------------
Name: Max Kuroishi Name: Xxxxx X. Xxxxxxx
Title: Director Title: Managing Member of the
General Partner
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XXXXXX X. XXXXXXXX, XXXXXXX X. RHL VENTURES LLC
XXXXXXXX, XXXXX X. XXXX, AND
XXXXXXXX X. XXXXXXXXXXXX,
TRUSTEES U/A DATED 9/3/64 F/B/O By: /s/ Xxxxxx X. Xxxxxx
---------------------------------
XXXXXX X. XXXXXXXX FAMILY Name: Xxxxxx X. Xxxxxx
Title:
By: /s/ Xxxxxx Xxxxxxxx TOLEDOT INVESTMENTS, L.P.
---------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: Trustee
By:/s/ Xxxxxxx Xxxxxxx
---------------------------------
XXXXXXX XXXXXXX, GENERAL
PARTNER
XXXXXX X. XXXXXXXX, XXXXXXX X.
XXXXXXXX, XXXX X. XXXX, AND
XXXXXXXX X. XXXXXXXXXXXX, /s/ Xxxxxxx Xxxxxxx
TRUSTEES U/W/D XXXXXXX X. ---------------------------------
BERNHARD F/B/O XXXXXX X. XXXXXXX XXXXXXX
BERNHARD ARTICLE 9TH
/s/ Xxxxxx Xxxxxxxxxx
---------------------------------
By: /s/ Xxxxxx Xxxxxxxx XXXXXX XXXXXXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: Trustee BE PARTNERS
XXXXXXX FRERES By:/s/ Xxxxxxx Xxxxxxxxxxx
---------------------------------
Name: Xxxxxxx Xxxxxxxxxxx
By: /s/ Xxxxxx Xxxxxxx Title: Partner
---------------------------------
Name: Xxxxxx Xxxxxxx
Title: Administrateur /s/ Xxxx Xxxxxxxxxx
Xxxxxxx Freres, Paris ---------------------------------
XXXX XXXXXXXXXX, M.D.
XXXXXXXXXXX & CO., INC. TBG INFORMATION INVESTORS, L.L.C.
By: /s/ Xxxxxx Xxxxxxxx By /s/ Oakleigh Xxxxxx
--------------------------------- ---------------------------------
Name: Xxxxxx Xxxxxxxx Name: Oakleigh Xxxxxx
Title: Vice Chairman Title: Chairman & CEO
/s/ Xxxxx Xxxxxxxxx
---------------------------------
XXXXX XXXXXXXXX
/s/ Xxxx Xxxxxxxxx
---------------------------------
XXXX XXXXXXXXX
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INVESTING STOCKHOLDERS
(SERIES D CONVERTIBLE PREFERRED STOCK)
CSK VENTURE CAPITAL CO., LTD. CSK VENTURE CAPITAL CO., LTD. AS
AS INVESTMENT MANAGER FOR INVESTMENT MANAGER FOR
CSK-1(B) INVESTMENT FUND CSK-1(A) INVESTMENT FUND
By:/s/ Max Kuroishi By: /s/ Max Kuroishi
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Name: Max Kuroishi Name: Max Kuroishi
Title: Director Title: Director
Address: Kenchikukaikan, 7F Address: Kenchikukaikan, 7F
5-26-20 Shiba, Minato-ku 0-00-00 Xxxxx, Xxxxxx-xx
Xxxxx 000-0000 Xxxxx Tokyo 108-0014 Japan
CSK VENTURE CAPITAL CO., LTD. HEARST COMMUNICATIONS, INC.
AS INVESTMENT MANAGER FOR
CSK-2 INVESTMENT FUND
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
By: /s/ Max Kuroishi Title: Senior Vice President
--------------------------------- Address: 000 0xx Xxxxxx, Xxxxx 000
Name: Max Kuroishi Xxx Xxxx, XX 00000
Title: Director
Address: Kenchikukaikan, 7F MEDIA TECHNOLOGY VENTURES, L.P.
0-00-00 Xxxxx, Xxxxxx-xx
Xxxxx 000-0000 Xxxxx By: /s/ Xxxxx Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
XXXXXXX FRERES Title: Managing Member of the
General Partner
By: /s/ Xxxxxx Xxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxx
Title: Administrateur, Xxxxxxx Freres,
Paris
Address: Banque D'Escompte
13 Blvd. Haussmann
00000 Xxxxx Xxxxxx
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APA EXCELSIOR IV, L.P.
By: APA EXCELSIOR IV PARTNERS, L.P.,
its General Partner
By: PATRICOF & CO. MANAGERS, INC.,
MEDIA TECHNOLOGY VENTURES its General Partner
ENTREPRENEURS FUND, L.P.
By: /s/ Xxxx Xxxxxxxx
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By: /s/ Xxxxx Xxxxxxx Name: Xxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxx Title: Chairman
Title: Managing Member of the
General Partner
APA EXCELSIOR IV/OFFSHORE, L.P. PATRICOF PRIVATE INVESTMENT CLUB, L.P.
By: PATRICOF & CO. VENTURES, INC., By: APA EXCELSIOR IV PARTNERS, L.P.,
its Investment Advisor its General Partner
By: PATRICOF & CO. MANAGERS, INC.,
its General Partner
By: /s/ Xxxx Xxxxxxxx By: /s/ Xxxx Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx
Title: Chairman Title: Chairman
WESTON PRESIDIO CAPITAL II, X.X. XXXXXX PRESIDIO CAPITAL III, L.P.
By: Weston Presidio Capital By: Weston Presidio Capital Management III,
Management II, LP, LLC, its General Partner
its General Partner
By: /s/ Xxxxx xxx Xxxxxxxxx By: /s/ Xxxxx xxx Xxxxxxxxx
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Xxxxx xxx Xxxxxxxxx, General Partner Xxxxx xxx Xxxxxxxxx
WPC ENTREPRENEUR FUND, L.P. HIGHLAND CAPITAL PARTNERS IV
By: Weston Presidio Capital LIMITED PARTNERSHIP
Management III, LLC, By: Highland Management Partners IV LLC,
its General Partner its General Partner
By: /s/ Xxxxx xxx Xxxxxxxxx By: /s/ Xxxxxxxx Xxxxxxxxx
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Xxxxx xxx Xxxxxxxxx Xxxxxxxx Xxxxxxxxx, General Partner
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HIGHLAND ENTREPRENEURS' FUNDS
IV, LIMITED PARTNERSHIP
By: Highland Entrepreneurs' Fund IV
LLC, its General Partner
By: /s/ Xxxxxxxx Xxxxxxxxx
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Member
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EXISTING STOCKHOLDERS
(SERIES A PREFERRED STOCKHOLDER) (CLASS A COMMON STOCKHOLDER)
THE EXCELSIOR FUND I
By: /s/ Xxxx Xxxxxxxx /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxx Xxxxxxxx XXXXX X. XXXXXXXX
Title:
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