AMENDMENT NO. 1
TO
REGISTRATION AND PREEMPTIVE RIGHTS AGREEMENT
Amendment No. 1, dated as of October 3, 1996, to Registration and
Preemptive Rights Agreement (the "Agreement"), dated October 31, 1989, by and
among Video Broadcasting Corporation (the "Company"), New York State Business
Venture Partnership, American Research & Development II, L.P. and the various
parties who executed the signature page of the Agreement.
WHEREAS, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto have agreed to amend
certain terms and provisions of the Agreement.
NOW, THEREFORE, the parties hereto mutually agree as follows:
Section 1. Capitalized terms utilized herein and not defined herein shall
have the respective meanings ascribed to them in the Agreement.
Section 2. Section 1(i) of the Agreement is hereby amended by deleting the
phrase "120 days" from the last line on page 29 of the Agreement and inserting
in lieu thereof the following:
"180 days, or such longer period as the underwriter of the public
offering and the Company may agree, but in no event more than 270 days"
Section 3. Section 2(a)(v) of the Agreement is hereby amended by deleting
it in its entirety and inserting in lieu thereof the following:
"(v) as consideration, regardless of whether the issuance, sale or
exchange of the Company's Equity Securities is partial or sole
consideration, for the acquisition (whether by merger, consolidation or
otherwise) by the Company of all or substantially all of the capital stock
or assets of any other person;"
Section 4. In all other respects the Agreement remains unchanged and in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1
as of the date set forth above.
MEDIALINK WORLDWIDE
INCORPORATED
By: /s/ J. Xxxxxx XxXxxxxxx
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NEW YORK STATE BUSINESS
VENTURE PARTNERSHIP
By: Rothschild Inc., under P/O/A
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dated July 16, 1996
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx, Managing Partner
AMERICAN RESEARCH &
DEVELOPMENT II, L.P.
By: ARD Master, L.P.
By: ARD Partners USA, L.P.
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx, General Partner
2
XXXXXXXXX XXXXXXXX
CHARITABLE REMAINDER TRUST
By: /s/ Xxxxxxxxx Xxxxxxxx
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Xxxxxxxxx Xxxxxxxx
CHARLOTTE REALTY CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx
XXXXX X. XXXXXXXX CHARITABLE
REMAINDER TRUST
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx
XXXXX X. XXXXXXXX FAMILY FOUNDATION
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx
XXXXX X. XXXXXXXX TRUST
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
/s/ Xxxxxxx Xxx Xxxx
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Xxxxxxx Xxx Xxxx
/s/ Xxxxxx Xxxxxxxx
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Xxxxxx Xxxxxxxx
/s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
/s/ J. Xxxxxx XxXxxxxxx
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J. Xxxxxx XxXxxxxxx
3
/s/ Xxxxxxxx Xxxxxxxxx
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Xxxxxxxx Xxxxxxxxx
/s/ Xxxxxxxx Xx. Tashlik
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Xxxxxxxx Xx. Xxxxxxx
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
/s/ Xxxxxx Xxxxxxxxx
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Xxxxxx Xxxxxxxxx
/s/ Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
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