EXHIBIT 10.14
[LETTERHEAD OF CONCENTRIC NETWORK CORPORATION]
September 12, 1996
StreamLogic Corporation
00000 Xxxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Re: Transfer of Series D Preferred Stock
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Ladies and Gentlemen:
In accordance with Section 8.7 of that certain Series D Preferred Stock Purchase
Agreement, dated as of August 21, 1996, among Concentric Network Corporation
("Concentric"), Sattel Communications LLC ("Sattel") and other parties listed on
Schedule A thereto (the "Purchase Agreement"), Concentric hereby consents to the
assignment by Sattel to StreamLogic Corporation ("StreamLogic") of all of
Sattel's rights, title and interest under and in the Purchase Agreement and that
certain Amended and Restated Registration Rights Agreement, dated as of August
21, 1996, among Concentric, Sattel and the other parties listed on the signature
pages and Schedules I, II, and III thereto (the "Registration Rights
Agreement"), in each case with respect to 1,838,235 shares (the "Shares") of
Concentric Series D Preferred Stock sold by Sattel to StreamLogic. Concentric
acknowledges and agrees that StreamLogic shall be entitled to all of the rights
and benefits granted to the Purchasers (as defined in the Purchase Agreement)
and to the Series D Holders (as defined in the Registration Rights Agreement)
with respect to the Shares and shall be treated as an original holder of Series
D Preferred Stock for all purposes under the Purchase Agreement and the
Registration Rights Agreement.
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
Vice President and CFO
