AMENDMENT NO. 3 TO INVESTORS’ RIGHTS AGREEMENT

Exhibit 4.5

AMENDMENT NO. 3 TO INVESTORS’ RIGHTS AGREEMENT

THIS AMENDMENT NO. 3 TO INVESTORS’ RIGHTS AGREEMENT is entered into effective this 17th day of December, 2007 (this “Amendment No. 3”), by and among Cardiovascular Systems, Inc., a Minnesota Corporation (the “Company”) , the Series B Convertible Preferred Stockholders listed on Exhibit A hereto (“Series B Investors”), and the Investors signatory hereto.

RECITALS

WHEREAS, this Amendment No. 3 amends an Investor’s Rights Agreement, dated July 19, 2006 (the “Investor’s Rights Agreement”) by and between the Company and the “Investors” set forth on Schedule A thereto and “Stockholders” set forth on Schedule B thereto, as amended by Amendment No. 1 to Investor’s Rights Agreement, dated October 3, 2006 by and between the Company, ITX International Equity Corp. and the “Investors” signatory thereto, and Amendment No. 2 to Investor’s Rights Agreement, dated September 19, 2007 by and between the Company, the Series A-1 Convertible Preferred Stockholders and the “Investors” signatory thereto;

WHEREAS, the Company has agreed to sell up to 2,162,162 shares of Series B Convertible Preferred Stock to the Series B Investors (the “Offering”) in accordance with the terms of that certain Private Placement Memorandum dated November 13, 2007 and those certain Subscription Agreements by and between the Company and the Series B Investors received in connection with the Offering (the “Subscription Agreements”);

WHEREAS, on November 13, 2007, the Company’s Board of Directors approved the sale of up to 2,162,162 shares of Series B Convertible Preferred Stock to the Series B Investors and the transactions contemplated by the Subscription Agreements including this Amendment No. 3; and

WHEREAS, Investors executing this Amendment No. 3 hold at least 66²/3 % of the combined voting power of the outstanding shares of Series A Preferred Stock and any Common Stock issued upon conversion of the Series A Preferred Stock.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained in this Amendment No. 3, the sufficiency of which is hereby acknowledged, the parties hereto agree as set forth below:

	1.		Defined Terms. Capitalized terms not defined herein shall have the meanings ascribed to them in the Investor’s Rights Agreement.

	2.		The definition of “Qualified Public Offering” is hereby amended as follows:

“Qualified Public Offering” shall mean a firm commitment underwritten public offering of shares of Common Stock that has been approved by the Preferred Stock Directors (as defined in the Amended and Restated Articles of Incorporation) and in which the aggregate gross proceeds from such offering to the Company shall be at least $40,000,000.

The following paragraph is hereby added to Section 2, Piggyback Registration:

	4.		The Series B Convertible Preferred Stock sold in the Offering shall be deemed additional shares of Series A Convertible Preferred Stock for purposes of the Investor’s Rights Agreement.

	5.		Schedule A is hereby amended in its entirety as set forth at Exhibit B and each of the Series B Investors shall be deemed an Investor as that term is used in the Investor’s Rights Agreement.

	6.		This Amendment No. 3 may be executed in any number of original or facsimile counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. Any counterpart or other signature to this Amendment No. 3 that is delivered by facsimile shall be deemed for all purposes as constituting good and valid execution and delivery by such party of this Amendment No. 3.

	7.		Except as set forth herein, all other terms and conditions of the Investor’s Rights Agreement remain the same.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


CARDIOVASCULAR SYSTEMS, INC.
By:	/s/ Xxxxx X. Xxxxxxxx
	Name:	Xxxxx X. Xxxxxxxx
	Title:	Chief Financial Officer

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.



EASTON XXXX CAPITAL PARTNERS, L.P.

By:	EHC GP, L.P. its General Partner
By:	EHC GP, Inc., its General Partner

By:	/s/ Xxxx Xxxxxxxx
	Name:	Xxxx Xxxxxxxx
	Title:	President



EASTON CAPITAL PARTNERS, LP

By:	ECP GP, LLC
By:	ECP GP, Inc., its Manager

By:	/s/ Xxxx Xxxxxxxx
	Name:	Xxxx Xxxxxxxx
	Title:	President

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.



MAVERICK FUND, L.D.C.

By:	Maverick Capital, Ltd. Its Investment Advisor

By:	/s/ Xxxx X. XxXxxxxxxx
	Name:	Xxxx X. XxXxxxxxxx
	Title:	Limited Partner & General Counsel


MAVERICK FUND USA, LTD.

By:	Maverick Capital, Ltd. Its Investment Advisor

By:	/s/ Xxxx X. XxXxxxxxxx
	Name:	Xxxx X. XxXxxxxxxx
	Title:	Limited Partner & General Counsel


MAVERICK FUND II, LTD.

By:	Maverick Capital, Ltd. Its Investment Advisor

By:	/s/ Xxxx X. XxXxxxxxxx
	Name:	Xxxx X. XxXxxxxxxx
	Title:	Limited Partner & General Counsel

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


MITSUI & CO. VENTURE PARTNERS II, L.P.

By:	Mitsui & Co. Venture Partners, Inc. Its General Partner

By:	/s/ Xxxxxx Xxxx
	Name:	Xxxxxx Xxxx
	Title:	President & CEO

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


ITX INTERNATIONAL EQUITY CORP.
By:	/s/ Takehito Jimbo
	Name:	Takehito Jimbo
	Title:	President & CEO

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


WELLSPRING CAPITAL
By:	/s/ Xxxxxx Xxxxxxx
	Name:	Xxxxxx Xxxxxxx
	Title:	CFO

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


GDN HOLDINGS LLC
By:	/s/ Xxxx X. Xxxxxx
	Name:	Xxxx X. Xxxxxx
	Title:

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 to Investor’s Rights Agreement effective the date first written above.


	SERIES B CONVERTIBLE PREFERRED INVESTORS
	By:	/s/ Xxxxx X. Xxxxxxxx
		Xxxxx X. Xxxxxxxx, as Attorney-in-Fact for the Series B Convertible Preferred Investors named on Exhibit A hereto

EXHIBIT A

SERIES B CONVERTIBLE PREFERRED INVESTORS


Name	Amount		Shares
Xxxxxx Xxxxx	$	9,250.00		1,000
Xxxxxxx Xxxxxxxx	$	351,500.00		38,000
Xxxx X. Xxxxxx	$	25,000.00		2,702
Xxxxx Xxxxxxxxx and Xxxxxxx ___	$	20,000.00		2,162
Xxxxxx X. Xxxx and Xxxxx X. Xxxx JTWROS	$	25,002.75		2,703
Xxxxx X. Xxxxxxx	$	46,250.00		5,000
Xxxxxx X. Xxxxxxxxx	$	25,000.00		2,702
Xxxxx Xxxxxx and Xxxx Xxxxxx JTWROS	$	46,250.00		5,000
Xxxxx Xxxxx	$	11,867.75		1,283
Calmedica Capital L.P.	$	900,000.00		97,297
Xxxxxxx Xxxxxx	$	25,000.00		2,702
The Xxxxxx X. Xxxxxxx Family Foundation	$	300,005.25		32,433
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxxx X. Xxxxxx XXX	$	20,000.00		2,162
Xxxxx Xxxxx	$	26,371.75		2,851
Xxxxxx Xxxxx Xxxxx	$	50,005.50		5,406
Xxxxxxx X. Xxxxxxx and Xxxxxxxx X. Xxxxxxx JTWROS	$	75,000.00		8,108
Xxxxxx Xxxxxxx	$	100,000.00		10,810
Xxxx Xxxxxxx	$	5,000.00		540
Xxxx X. Xxx	$	157,250.00		17,000
Xxxxx Eres	$	50,000.00		5,405
Xxxxx Xxxxx and Xxxxx Xxxxx JTWROS	$	25,002.75		2,703
Xxxx X. Xxxxx	$	25,002.75		2,703
Xxxxxx X. Xxxxxxx III	$	25,000.00		2,702
Xxxxxx X. Xxxxx, Xx. and Xxxx X. Xxxxx JTWROS	$	50,005.50		5,406
Xxxxx X. Xxxxxx	$	32,375.00		3,500
GDN Holdings, LLC	$	499,999.50		54,054
GFTH Investment Club	$	44,955.00		4,860

A-1


Name	Amount		Shares
The Gramercy Fund	$	75,000.00		8,108
Xxx X. Xxxxxxx, Xx.	$	25,002.75		2,703
Xxxxx Xxxxxx	$	100,000.00		10,810
Xxxxxxxx X. Xxxxxx	$	30,007.00		3,244
Xxxxx X. Xxxx	$	25,000.00		2,702
Xxxxxx X. Xxxxx	$	27,269.00		2,948
XX Xxxxxxx Custodian Xxxxxxx X. Xxxxxx Rollover XXX	$	75,000.00		8,108
Xxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxx JTWROS	$	50,005.50		5,406
ITX International Equity Corp.	$	3,000,006.25		324,325
Xxxxx X. Xxxxxxx and Xxxx X. Xxxxx JTWROS	$	5,272.50		570
Xxxxxxx Xxxxxxx Xxxxx	$	35,002.00		3,784
Xxxxxxx X. Xxxxx c/o Bessemer Trust	$	61,188.75		6,615
Xxxx X. Xxxxx	$	35,002.00		3,784
Xxxxx Xxxxx, M.D.	$	9,250.00		1,000
Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx JTWROS	$	50,000.00		5,405
Xxxxx Fargo Bank, N.A. as Trustee of the Xxxxxx X. Xxxxxxx Rev Trust dtd 9/12/89	$	199,800.00		21,600
Xxxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx JTWROS	$	25,002.75		2,703
Maverick Fund, L.D.C.	$	439,791.25		47,545
Maverick Fund USA, Ltd.	$	177,553.75		19,195
Maverick Fund II, Ltd.	$	382,654.00		41,368
Xxx X. Xxxxxx and Xxx X. Xxxxxx, Ttees, Guy and Xxx Xxxxxx Living Trust	$	50,000.00		5,405
Xxxxxxx X. XxXxxx	$	50,005.50		5,406
Xxxxxxx X. Xxxxxxx and Xxxx Xxxxxxx JTWROS	$	50,000.00		5,405
Xxxxxx Xxxxxx	$	25,000.00		2,702
Xxxxxx Xxx	$	124,875.00		13,500
Xxxxx X. Park	$	55,500.00		6,000
Xxxxx X. Xxxxxxxx	$	46,250.00		5,000
Loyal X. Xxxxxxxx, Xx.	$	185,000.00		20,000
Xxxxxxx Xxxxxxxx	$	64,750.00		7,000
Xxxx Xxxxxxxx	$	99,992.50		10,810

A-2


Name	Amount		Shares
Pinnacle Investment Group LLC	$	55,500.00		6,000
Xxxxxx X. Points and Xxxxx X. Points JTWROS	$	50,000.00		5,405
Xxxxxxx Xxxxxxxxx	$	13,875.00		1,500
Xxxxxx X. Press	$	500,000.00		54,054
Xxxx X. Xxxxxxxx	$	75,276.50		8,138
Xxxxxxx Xxxxxx and Xxxx Xxxxxx JTWROS	$	50,875.00		5,500
Xxxxxxx Xxxxxxx Xxxx	$	20,000.00		2,162
RKV Limited Partnership	$	50,000.00		5,405
Ameriprise Trust Co FBO Xx. Xxxxx Xxxxxx XXX		21,293.50		2,302
E. Xxxx Xxxxxxx	$	9,250.00		1,000
Sajaitha Xxxxxxx	$	50,005.50		5,406
Xxxxx Saphiere	$	24,975.00		2,700
Saratoga Ventures IV LP	$	499,999.50		54,054
Saratoga Ventures V LP	$	499,999.50		54,054
Saratoga Ventures VI LP	$	249,999.75		27,027
Xxxxxx X. Xxxx and Xxxxx X. Xxxx JTWROS	$	25,002.75		2,703
Xxxxxx X. Xxxxxx	$	25,000.00		2,702
Shanti Global Limited Partnership	$	50,000.00		5,405
Xxxxxx and Xxxxx Xxxxxxx, Trustees of the Xxxxxxx Family Trust dated 2/1/1999	$	37,000.00		4,000
Chiemsee Money Purchase Plan dtd 3/11/97 FBO Xxxxxx Xxxxxxx	$	18,500.00		2,000
Xxxx Xxxxx	$	45,000.00		4,864
Xxxxxxxx Xxxxxxx	$	5,087.50		550
Xxxxx Investments LLC	$	50,875.00		5,500
Xxxxxxx X. Xxxxxxx	$	49,950.00		5,400
Xxxxx X. Xxxxxx	$	25,002.75		2,703
Top Medical Holding B.V.	$	74,000.00		8,000
Xxxx and Xxxxxxxx Xxxxx, Trustees, Xxxxx Family Trust	$	50,000.00		5,405
Xxxx Xxxxxxxxxx	$	32,745.00		3,540
Xxxxxx X. Xxxxx	$	24,975.00		2,700
Whitebox Hedged High Yield Partners, LP	$	8,690,532.25		939,517

A-3


Name	Amount		Shares
Xxxxxx Xxxxxxxx Xxxxx and Xxxxxxx Xxx Xxxxx JTWROS	$	25,002.75		2,704
Xxxx Xxxxx D.O. and Xxxxxxx Xxxxx D.O. JTWROS	$	50,000.00		5,405

TOTAL	$	19,999,996.25		2,162,150

A-4

EXHIBIT B

AMENDED AND RESTATED
SCHEDULE A TO INVESTORS’ RIGHTS AGREEMENT

Investors


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
Easton Xxxx Capital Partners, L.P.		612,960		87,040		—		—	$	3,500,000.00
Easton Xxxx Partners, LP		612,960		87,040		—		—	$	3,500,000.00
Maverick Fund, L.D.C.		770,212		109,370		103,524		47,545	$	1,319,745.25
Maverick Fund USA, Ltd.		310,952		44,155		41,795		19,195	$	532,811.25
Maverick Fund II, Ltd.		670,149		95,161		90,075		41,368	$	1,148,291.50
Mitsui & Co. Venture Partners II, L.P.		675,148		95,871		117,647		—	$	999,999.50
ITX International Equity Corp.		350,263		49,737		47,079		324,325	$	400,177.75
Abrasive Technology, Inc. Profit Shar Pl		—		—		32,000		—	$	272,000.00
Xxxxxxx Xxxxxx		8,943		1,270		3,552		—	$	30,200.00
Xxxx X. Xxxxx		—		—		6,000		—	$	51,000.00
Xxxxxx Xxxxx		—		—		5,000		1,000	$	51,750.00
Xxxxxxx Xxxxxxxx		—		—		12,000		38,000	$	453,500.00
Xxxxxxx X. Xxxxxxxxx		35,937		5,103		18,255		—	$	155,167.50
Xxxxxxx Xxxxxxxxxx, MD		—		—		5,882		—	$	49,997.00
Xxxxx Xxxxxx		—		—		28,000		—	$	238,000.00
Xxxxxxx X. Xxxxxx		44,474		6,315		11,928		—	$	101,388.00
Xxxxxxxxx X. Xxxx and Xxxxxxx X. Xxxx, JTWROS		—		—		6,000		—	$	51,000.00
RBC Xxxx Xxxxxxxx Cust FBO Xxxxxxxxx X. Xxxx XXX		—		—		9,500		—	$	80,750.00
Xxxxxxx Xxxxxx & Co. Cust FBO Xxxx X. Xxxxx XXX		—		—		5,882		—	$	50,000.00
Xxxxxx X. Xxxx and Xxxxx X. Xxxx, JTWROS		—		—		5,882		2,703	$	75,002.75
Xxxxx Xxxxx		—		—		5,882		—	$	50,000.00
Xxxxx X. Xxxxxxx		—		—		5,900		5,000	$	96,400.00
Pensco Trust Company Cust FBO Xxxxxxx X. Xxxxxx XXX		—		—		4,900		—	$	41,650.00
Xxxxxxx Bold		—		—		3,600		—	$	30,600.00
Xxxx X. Xxxxxxx		—		—		11,764		—	$	99,994.00
Xxxxxx Xxxxx		—		—		9,000		—	$	76,500.00
Xxxxx Xxxxxx and Xxxx Xxxxxx JTWROS		8,943		1,270		4,120		5,000	$	81,270.00
Xxxxx Xxxxx		10,260		1,457		17,000		1,283	$	156,367.75
Xxxxxx X. Xxxxxxx		—		—		2,942		—	$	25,007.00
Xxxxx X. Xxxxx, Xx.		—		—		7,500		—	$	63,750.00
Xxxxxx and Xxxxxxxx Xxxx, Trustees, Xxxxxx and Xxxxxxxx Xxxx Rev. Living Trust dated 4/12/04		—		—		5,882		—	$	50,000.00
Wedbush Xxxxxx Securities Cust FBO Xxxxxxx X. Xxx XXX		—		—		7,050		—	$	59,925.00

B-1


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
Xxxxxxx Xxxxx and Xxxxxx Xxxxx, Trustees, Xxxxx Family Trust		—		—		5,882		—	$	50,000.00
Xxxxxxxxxxx Xxxxxxxx		—		—		2,941		—	$	25,000.00
H. Xxxxxx Xxxxxx		—		—		5,882		—	$	50,000.00
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxxxxx X. Xxxxxxxxxx XXX		—		—		5,800		—	$	49,300.00
Xxxxxx Xxxxxxx Xxxxxxxx		—		—		29,400		—	$	249,900.00
Xxxxxx X. Xxxxxxx Family Foundation		43,783		6,217		29,414		32,433	$	550,024.25
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxxx X. Xxxxxx XXX		—		—		5,882		2,162	$	70,000.00
CAVA Partners, LLC		—		—		5,882		—	$	50,000.00
Xxxx X. Xxxxxxxxx		—		—		3,000		—	$	25,500.00
Xxxxx X. Xxxx		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxx		—		—		17,647		2,851	$	176,371.75
Xxxxxxx X. Xxxxxx and XxXxx Xxxxxx, JTWROS		—		—		2,942		—	$	25,007.00
Xxxxxx Xxxx Xxxxxxx		—		—		6,777		—	$	57,604.50
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxx X. Xxxxxx XXX		—		—		5,882		—	$	50,000.00
Pershing LLC Custodian FBO Xxxxxx Xxxxxxx Xxxxx XXX		—		—		5,882		—	$	50,000.00
Xxxxx X. Xxxxx, M.D.		—		—		5,884		—	$	50,014.00
Xxxx Xxxxxxx		—		—		11,765		—	$	100,002.50
Wachovia Securities Cust FBO Xxxx Xxxxxxx XXX		—		—		12,941		—	$	110,000.00
Xxx Xxxxxxx		—		—		5,882		—	$	50,000.00
Xxxxx X. Xxxxxxxx		—		—		11,750		—	$	99,875.00
Xxxxx X. Xxxx		—		—		590		—	$	5,015.00
Xxxxxx X. Xxxxx, MD		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxx		—		—		5,882		—	$	50,000.00
Xxxxx X. Xxxxxx, M.D.		—		—		2,941		—	$	25,000.00
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxx X. XxXxxx XXX		—		—		6,000		—	$	51,000.00
Xxxxx X. Xxxxxxx		—		—		4,000		—	$	34,000.00
Xxxxx Xxxxx and Xxxxx Xxxxx JTWROS		—		—		2,942		2,703	$	50,009.75
Xxxx X. Xxxxx		—		—		5,883		2,703	$	75,008.25
Xxxx Xxx Xxxxxxxx, MD		—		—		6,000		—	$	51,000.00
Xxxxxxx Xxxxxxx		—		—		2,942		—	$	25,007.00
Xxxxx Xxxxx		—		—		5,882		—	$	50,000.00
Xxxxx X. Xxxxxx		17,890		2,540		2,404		3,500	$	52,809.00
Xxxxxxx X. Xxxxx, M.D.		—		—		2,941		—	$	25,000.00
Xxxxxxx Xxxxxxx		—		—		5,882		—	$	50,000.00
Xxxxxxxx X. Xxxxxx		—		—		5,882		—	$	50,000.00
Xxxxxx X. Xxxxxxx		—		—		5,882		—	$	50,000.00
GDN Holdings, LLC		131,349		18,652		41,913		54,054	$	856,260.00
Xxxxxxx X. Xxxxx, MD and Xxxxxxx X. Xxxxx JTWROS		—		—		2,950		—	$	25,075.00
Xxxxx Xxxx Xxxxxxx		—		—		19,059		—	$	162,001.50
UBS Financial Services, Inc. Cust FBO X. Xxxx Xxxxxx XXX		—		—		6,500		—	$	55,250.00

B-2


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Xxxxx
Xxxxxx Xxxxxxx Xxxxxxxxx and Xxxxx Xxxxxxx Xxxxxxxxx		—		—		10,000		—	$	85,000.00
Xxxxx X. Xxxxxxxx		—		—		18,750		—	$	159,375.00
Xxxxx Xxxxxxxxx		—		—		7,060		—	$	60,010.00
Xxxxx X. Xxxxxxx		—		—		2,941		—	$	25,000.00
Xxx Xxxxxx		—		—		2,941		—	$	25,000.00
Fiserv ISS & Co. Cust FBO Xxx Xxxxxx XXX		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxx Xxxxxx		—		—		11,764		10,810	$	200,000.00
Xxxxx Xxxxx Xxxxxx		—		—		600		—	$	5,100.00
Xxxxxx X. Xxxxx		8,815		1,252		9,431		2,948	$	107,442.50
Syntel, LLC Profit Sharing Plan FBO Xxxxxx Xxxxx Xxxxxx, Xxxxxx Xxxxx Xxxxxx, Trustee		—		—		5,882		—	$	49,997.00
Xxxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxx, Trustees, R&S Trust dated 8/3/99		—		—		5,882		—	$	50,000.00
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxx Xxxxxxx Xxxxxx XXX		—		—		13,000		—	$	110,500.00
Xxxxxx X. Xxxxxxx		—		—		17,647		—	$	150,000.00
Xxxxxxx Xxxxxxx and Xxxxx Xxxxx Xxxxxxx JTWROS		—		—		5,882		—	$	50,000.00
Xxxxxx Xxxxxxxx		—		—		2,942		—	$	25,007.00
Xxxxx X. Xxxx		—		—		8,000		—	$	68,000.00
Xxxxx X. Xxxxxx, Trustee, Xxxxxx Living Trust dtd 12/10/96		—		—		5,882		—	$	50,000.00
Innovasc, LLC		—		—		4,500		—	$	38,250.00
Xxxxxxx Xxxxxxx and Xxxxx Xxxxxxx, JTWROS		—		—		2,941		—	$	25,000.00
Xxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxx JTWROS		17,657		2,507		7,108		5,406	$	110,423.50
Xxxx Xxxxxx		—		—		11,765		—	$	100,000.00
Xxxx Xxx		—		—		5,900		—	$	50,150.00
Takemito Jimbo		—		—		11,765		—	$	100,002.50
Xxxxxxx Xxxxx Xxxxx, MD		—		—		6,000		—	$	51,000.00
Xxxxx X. Xxxxxxx and Xxxx X. Xxxxx JTWROS		—		—		3,529		570	$	35,272.50
Xxxxx X. Xxxxxx		—		—		5,882		—	$	50,000.00
Salva Xxxxxx and Xxxx Xxxxxx JTWROS		—		—		3,529		—	$	30,000.00
KD Holding, Inc.		—		—		6,000		—	$	51,000.00
Xxxxxx X. Xxxxxx and Xxxxxx Xxxxxx JTWROS		—		—		17,647		—	$	150,000.00
Xxxxx Xxxxxx		—		—		2,941		—	$	25,000.00
Xxxxxx Xxxxxxxx, Ttee, Xxxxxx Xxxxxxxx and Xxxxx Xxxxxxx Xxxxxxxx Trust U/A		—		—		5,882		—	$	50,000.00
Xxxxxxx X. Xxxxx		—		—		10,000		6,615	$	146,188.75

B-3


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
E*Trade as Cust FBO Xxxxxx X. Xxxxxx XXX		—		—		5,883		—	$	50,005.50
Xx Xxxxx and Xxxxxx Xxxxx JTWROS		—		—		8,825		—	$	75,012.50
Xx Xxxxx		—		—		2,942		—	$	25,007.00
Xxxxx Xxxxx, M.D.		—		—		3,000		1,000	$	34,750.00
Xxxxx Xxxxx		—		—		22,600		—	$	192,100.00
Xxxx X. Xxxxxx		—		—		5,882		—	$	50,000.00
Habib Xxxx Xxxxxxx		—		—		6,000		—	$	51,000.00
Xxxxx Xxxxxxxx		—		—		2,942		—	$	25,007.00
Xxxxx Xxx		—		—		17,000		—	$	144,500.00
MLPF&S Cust FBO Xxxxx Xxx XXX		—		—		23,529		—	$	199,996.50
Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx		—		—		11,764		5,405	$	150,000.00
Xxxxxxx Xxxxxx Xxxxxxxxx and Xxxxx X. Xxxxxxxxx JTWROS		—		—		5,000		—	$	42,500.00
Xxxxx Fargo Bank, N.A. as Trustee of the Xxxxxx X. Xxxxxxx Rev Trust		—		—		11,764		21,600	$	299,794.00
Xxxxx Xxxxx, MD		—		—		11,765		—	$	100,000.00
Xxxxxxx X. Xxxxx		—		—		5,882		—	$	50,000.00
Xxxxxxxx X. Xxxxxxx		—		—		600		—	$	5,100.00
Xxxxxxx X. Xxxxxxx and Xxxxxxxxx X. Xxxxxxx JTWROS		—		—		4,706		—	$	40,001.00
Xxxxxxxxxxxx Xxxxx		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxxxx and Xxxxxxxxx Xxxxxxxx JTWROS		—		—		2,942		—	$	25,007.00
Xxxxx X. Xxxxxx, Sole Trustee of the Xxxxxx Family Revocable Trust		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxx and Xxxxx X. Xxxxxx III		—		—		1,200		—	$	10,200.00
MaxBee Holding Company LLC		—		—		5,882		—	$	50,000.00
Xxxx XxXxxx		—		—		17,647		—	$	150,000.00
Xxxxxxxxxxx X. XxXxxxx		—		—		5,882		—	$	50,000.00
Xxxx X. Xxxxxxxxx		—		—		11,765		—	$	100,002.50
Xxxxx X. Xxxxxx		—		—		3,000		—	$	25,500.00
Xxxx Xxxxxxxxx, Trustee of the Xxxx Xxxxxxxxx Profit Sharing Plan FBO Xxxx Xxxxxxxxx		—		—		5,882		—	$	49,997.00
Xxxxxxx Xxxxxxxxx and B. R. Natarajan JTWROS		—		—		5,882		—	$	50,000.00
Fiserv ISS & Co. Cust FBO Xxxxxx X. Xxxxxxx XXX		—		—		5,882		—	$	50,000.00
Xxxxxx X. Xxxxxxx		—		—		2,941		—	$	25,000.00
Xxxxxx Xxxxxx		—		—		2,400		—	$	20,400.00
Xxxxx Xxxxxxx and Xxxxxxxxx Xxxxxxx, JTWROS		—		—		8,823		—	$	75,000.00
Xxxxxx Xxx		—		—		30,000		13,500	$	379,875.00
Xxx Pardubeck		—		—		3,000		—	$	25,500.00
Xxxxx X. Xxxxxxxx		1,027		146		5,000		5,000	$	88,750.00

B-4


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
Loyal X. Xxxxxxxx, Xx.		20,564		2,920		16,124		20,000	$	322,054.00
Xxxx X. Xxxxxxxx		—		—		5,882		10,810	$	149,992.50
Xxxxxxxxx Xxxxxx		—		—		589		—	$	5,006.50
Pinnacle Investment Group, LLC		—		—		9,000		6,000	$	132,000.00
Xxxxxxx Xxxxxxxxx		—		—		5,882		1,500	$	63,875.00
Xxxxxxx X. Xxxxxx		—		—		2,941		—	$	24,998.50
Xxxx X. Xxxxxxxx		7,203		1,023		25,169		8,138	$	289,213.00
Xxxxxx X. Xxxxx		—		—		2,941		—	$	24,998.50
Xxxxxx Xxxxxxxxx		—		—		12,000		—	$	102,000.00
Redmile Capital, LP		—		—		7,569		—	$	64,341.00
Redmile Ventures, LLC		—		—		5,882		—	$	49,997.00
Redmile Capital Offshore, Ltd.		—		—		27,725		—	$	235,658.00
Xxxxxxx Xxxxxx and Xxxx Xxxxxx		—		—		11,764		5,500	$	150,869.00
Xxxxxx Xxxxx and Xxxx Xxxxx JTWROS		—		—		3,000		—	$	25,500.00
Xxxxxx Xxxxxxx		—		—		10,000		—	$	85,000.00
Xxxxxxxx X. Xxxxxx		—		—		4,000		—	$	34,000.00
Xxxxx Xxxxxx		—		—		2,940		—	$	24,990.00
Xxxxxx Xxxx Xxxxxxx		—		—		2,941		1,000	$	34,250.00
Xxxxxxx X. Xxxxxxx, Trustee Xxxxx X. Xxxxxxx Residuary Trust		—		—		21,200		—	$	180,200.00
Xxxxx X. Xxxxxxx		—		—		11,800		—	$	100,300.00
Xxxx X. Xxxxxxx and Xxxxx X. Xxxxxxx		—		—		5,882		—	$	50,000.00
Xxxxx Xxxx Xxxxxxxx		—		—		5,882		—	$	50,000.00
Xxxx X. Xxxxxxxx		10,216		1,451		20,000		—	$	170,000.00
Xxxxx X. Xxxxxxxxx and Xxxx Xxxxxxxx		—		—		7,059		—	$	60,001.50
Xxxx X. Xxxxxxxxxxxx		—		—		2,941		—	$	25,000.00
Xxxx X. Xxxxx and Xxxxxx X. Xxxxx, Ttees of the Xxxx and Xxxxxx Xxxxx Rev Trust		—		—		29,500		—	$	250,750.00
R. Xxxxxxxx Xxxxx		—		—		5,882		—	$	50,000.00
Xxxx X. Xxxxxxx, MD		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxxx		—		—		5,882		—	$	50,000.00
Xxxxxx Xxxx and Xxxxx Xxxx JTWROS		—		—		5,882		—	$	50,000.00
Xxxx X. Xxxxxxx		—		—		2,000		—	$	17,000.00
Chiemsee Money Purchase Plan, dtd 03/11/97, FBO Xxxxxx X. Xxxxxxx		—		—		6,000		2,000	$	69,500.00
Xxxxxx Xxxxxxx and Xxxxx Xxxxxxx, Ttees of the Xxxxxxx Family Trust dated 2/1/99		—		—		6,000		4,000	$	88,000.00
Xxxxxxxxx Xxxx Xxxxx, MD		—		—		5,882		—	$	50,000.00
Xxxxx Xxxxxxx		—		—		1,200		—	$	10,200.00
Xxxxxxxx X. Xxxxxxx		—		—		1,775		550	$	20,175.00
Xxxxxx Xxxxxxxx, Trustee, Teledata Financial Services Corp. Profit Shar Plan		—		—		23,529		—	$	200,000.00
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxxx X. Xxxxxxxx XXX		—		—		12,000		—	$	102,000.00

B-5


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
Xxxxxxxxx X. Xxxxxx and A. Xxxxxxx Xxxxxx JTWROS		—		—		5,890		—	$	50,065.00
TMP, LLLP		53,217		7,557		56,768		—	$	482,529.00
Top Medical Holding B.V.		—		—		4,000		8,000	$	108,000.00
Xxxxxx Xxxxx and Xxxxxxx Xxxxx, Trustees, Xxxxx Family Trust		—		—		2,942		—	$	25,007.00
Xxxxx X. Xxxxx		—		—		11,765		—	$	100,000.00
Xxxxxx X. Xxxxxxx and Xxxxxx X. Xxxxxxx		—		—		3,000		—	$	25,500.00
Xxxx Xxxxx and Xxxxxxxx Xxxxx, Ttees, Xxxx Xxxxx and Xxxxxxxx Xxxxx Family Tr		—		—		5,882		5,405	$	100,000.00
Xxxxx Xxxxxx		—		—		4,588		—	$	39,000.00
Xxxxxxx X. Xxxxx, MD		—		—		3,000		—	$	25,500.00
Xxxxxx X. Xxxxxxxx and Xxxxxx Xxxxx		—		—		2,941		—	$	24,998.50
Xxxxxxx Xxxxxx & Co., Inc. Cust FBO Xxxxxx X. Xxxxxx XXX		—		—		7,058		—	$	60,000.00
Wellspring Capital		—		—		176,470		—	$	1,500,000.00
Wellspring Management, LLC		—		—		58,823		—	$	500,000.00
Xxxxxx X. Xxxxxx		—		—		5,882		—	$	50,000.00
Fiserv ISS & Co. Cust FBO Xxxxxxxx Xxxxxxxxxx XXX		—		—		5,882		—	$	50,000.00
Xxxxxx Xxxxxxx		—		—		3,000		—	$	25,500.00
Xxxxxx X. Xxxxxxx		—		—		2,941		—	$	25,000.00
Xxxx X. Xxxxxx								2,702	$	25,000.00
Xxxxx Xxxxxxxxx & Xxxxxxx								2,162	$	20,000.00
Xxxxxx X. Xxxxxxxxx								2,702	$	25,000.00
Calmedica Capital L.P.								97,297	$	900,000.00
Xxxxxxx Xxxxxx								2,702	$	25,000.00
Xxxxxx Xxxxx Xxxxx								5,406	$	50,005.50
Xxxxxxx X. Xxxxxxx and Xxxxxxxx X. Xxxxxxx JTWROS								8,108	$	75,000.00
Xxxxxx Xxxxxxx								10,810	$	100,000.00
Xxxx Xxxxxxx								540	$	5,000.00
Xxxx X. Xxx								17,000	$	157,250.00
Xxxxx Eres								5,405	$	50,000.00
Xxxxxx X. Xxxxxxx III								2,702	$	25,000.00
Xxxxxx X. Xxxxx, Xx. and Xxxx X. Xxxxx JTWROS								5,406	$	50,005.50
GFTH Investment Club								4,860	$	44,955.00
The Gramercy Fund								8,108	$	75,000.00
Xxx X. Xxxxxxx, Xx.								2,703	$	25,002.75
Xxxxxxxx X. Xxxxxx								3,244	$	30,007.00
Xxxxx X. Xxxx								2,702	$	25,000.00
XX Xxxxxxx Custodian Xxxxxxx X. Xxxxxx Rollover XXX								8,108	$	75,000.00
Xxxxxxx Xxxxxxx Xxxxx								3,784	$	35,002.00
Xxxx X. Xxxxx								3,784	$	35,002.00
Xxxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxxxx JTWROS								2,703	$	25,002.75

B-6


	Series A		Series A		Series A-1		Series B
	Preferred		Preferred		Preferred		Preferred		Aggregate
Name of Investor	Shares		Warrant		Shares		Shares		Purchase Price
Xxx X. Xxxxxx and Xxx X. Xxxxxx, Ttees, Guy and Xxx Xxxxxx Living Trust								5,405	$	50,000.00
Xxxxxxx X. XxXxxx								5,406	$	50,005.50
Xxxxxxx X. Xxxxxxx and Xxxx Xxxxxxx JTWROS								5,405	$	50,000.00
Xxxxxx Xxxxxx								2,702	$	25,000.00
Xxxxx X. Park								6,000	$	55,500.00
Xxxxxxx Xxxxxxxx								7,000	$	64,750.00
Xxxxxx X. Points and Xxxxx X. Points JTWROS								5,405	$	50,000.00
Xxxxxx X. Press								54,054	$	500,000.00
Xxxxxxx Xxxxxxx Xxxx								2,162	$	20,000.00
RKV Limited Partnership								5,405	$	50,000.00
Ameriprise Trust Co FBO Xx. Xxxxx Xxxxxx XXX								2,302		21,293.50
Sajaitha Xxxxxxx								5,406	$	50,005.50
Xxxxx Saphiere								2,700	$	24,975.00
Saratoga Ventures IV LP								54,054	$	499,999.50
Saratoga Ventures V LP								54,054	$	499,999.50
Saratoga Ventures VI LP								27,027	$	249,999.75
Xxxxxx X. Xxxx and Xxxxx X. Xxxx JTWROS								2,703	$	25,002.75
Xxxxxx X. Xxxxxx								2,702	$	25,000.00
Shanti Global Limited Partnership								5,405	$	50,000.00
Xxxx Xxxxx								4,864	$	45,000.00
Xxxxx Investments LLC								5,500	$	50,875.00
Xxxxxxx X. Xxxxxxx								5,400	$	49,950.00
Xxxxx X. Xxxxxx								2,703	$	25,002.75
Xxxx Xxxxxxxxxx								3,540	$	32,745.00
Xxxxxx X. Xxxxx								2,700	$	24,975.00
Whitebox Hedged High Yield Partners, LP								939,517	$	8,690,532.25
Xxxxxx Xxxxxxxx Xxxxx and Xxxxxxx Xxx Xxxxx JTWROS								2,704	$	25,002.75
Xxxx Xxxxx D.O. and Xxxxxxx Xxxxx D.O. JTWROS								5,405	$	50,000.00

Total		4,002,644		568,374		2,188,425		2,162,150	$	42,601,817.75

B-7

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AMENDMENT NO. 3 TO INVESTORS’ RIGHTS AGREEMENT

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