Contract
Exhibit 10.11
THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN
EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR PURSUANT TO RULE 144 OR AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO THE CORPORATION AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.
WARRANT TO PURCHASE STOCK
Corporation: XxXxxxxxxx.xxx. Inc., a Delaware corporation
Number of Shares: 28,000
Class of Stock: Common
Initial Exercise Price: $1.10 per share
Issue Date: April 10, 2000
Expiration Date: Is the later occurrence of any of the following events: (i) April 10, 2007; or (ii) two (2) years from closing of Company’s initial public offering
Number of Shares: 28,000
Class of Stock: Common
Initial Exercise Price: $1.10 per share
Issue Date: April 10, 2000
Expiration Date: Is the later occurrence of any of the following events: (i) April 10, 2007; or (ii) two (2) years from closing of Company’s initial public offering
THIS WARRANT CERTIFIES THAT, for the agreed upon value of $1.00 and for other good and
valuable consideration, SILICON VALLEY BANK (“Holder”) is entitled to purchase the number of fully
paid and nonassessable shares of the class of securities (the “Shares”) of the corporation (the
“Company”) at the initial exercise price per Share (the “Warrant Price”) all as set forth above and
as adjusted pursuant to Article 2 of this Warrant, subject to the provisions and upon the terms and
conditions set forth in this Warrant.
ARTICLE 1. EXERCISE.
1.1 Method of Exercise. Holder may exercise this Warrant by delivering a duly executed
Notice or Exercise in substantially the form attached as Appendix 1 to the principal office of the
Company. Unless Holder is exercising the conversion right set forth in Section 1.2, Holder shall
also deliver to the Company a check for the aggregate Warrant Price for the shares being purchased.
1.2 Conversion Right. In lieu of exercising this Warrant as specified in Section 1.1.
Holder may from time to time convert this Warrant, in whole or in part, into a number of Shares
determined by dividing (a) the aggregate fair market value of the Shares or other securities
otherwise issuable upon exercise of this Warrant minus the aggregate Warrant Price of such Shares
by (b) the fair market value of one Share. The fair market value of the Shares shall be determined
pursuant to Section 1.4.
1.3 Intentionally Omitted.
1.4 Fair Market Value. If the Shares are traded in a public market, the fair market
value of the Shares shall be the closing price of the Shares (or the closing price of the Company’s
stock into which the Shares are convertible) reported for the business day immediately before
Holder delivers its Notice of Exercise to the Company. If the Shares are not traded in a public
market, the Board of Directors of the Company shall determine fair market value in its reasonable
good faith
judgment. The foregoing notwithstanding, if Holder advises the Board of Directors in writing
that Holder disagrees with such determination, then the Company and Holder shall promptly agree
upon a reputable investment banking firm to undertake such valuation. If the valuation of such
investment banking firm is greater than that determined by the Board of Directors, then all fees
and expenses of such investment banking firm shall be paid by the Company. In all other
circumstances, such fees and expenses shall be paid by Holder.
1.5 Delivery of Certificate and New Warrant. Promptly after Holder exercises or
converts this Warrant, the Company shall deliver to Holder certificates for the Shares acquired
and, if this Warrant has not been fully exercised or converted and has not expired, a new Warrant
representing the Shares not so acquired.
1.6 Replacement of Warrants. On receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant and. in the case of loss,
theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and
amount to the Company or, in (the case of mutilation, on surrender and cancellation of this Warrant,
the Company shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor.
1.7 Repurchase on Sale Merger, or Consolidation of the Company.
1.7.1 “Acquisition”. For the purpose of this Warrant, “Acquisition” means any sale,
license, or other disposition of all or substantially all of the assets of the Company, or any
reorganization, consolidation, or merger of the Company where the holders of the Company’s
securities before the transaction beneficially own less than 50% of the outstanding voting
securities of the surviving entity after the transaction.
1.7.2 Assumption of Warrant. Upon the closing of any Acquisition the successor entity
shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same
securities, cash, and property as would be payable for the Shares issuable upon exercise of the
unexercised portion of this Warrant as if such Shares were outstanding on the record data for the
Acquisition and subsequent closing. The Warrant Price shall be adjusted accordingly.
ARTICLE 2. ADJUSTMENTS TO THE SHARES.
2.1 Stock Dividends, Splits, Etc. If the Company (i) declares or pays a dividend on
its common stock (or the Shares if the Shares are securities other than common stock) payable in
common stock, or other securities, or (ii) subdivides the outstanding common stock into a greater
amount of common stock, or, if the Shares are securities other than common stock, subdivides the
Shares in a transaction that increases the amount of common stock into which the Shares are
convertible, then upon exercise of this Warrant, for each Share acquired, Holder shall receive,
without cost to Holder, the total number and kind of securities to which Holder would have been
entitled had Holder owned the Shares of record as of the date the dividend or subdivision occurred.
2.2 Reclassification, Exchange or Substitution. Upon any classification, exchange,
substitution, or other event that results in a change of the number and/or class of the securities
issuable upon exercise or conversion of this Warrant, Holder shall be entitled to receive, upon
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exercise or conversion of this Warrant, the number and kind of securities and property that
Holder would have received for the Shares if this Warrant had been exercised immediately before
such reclassification. exchange, substitution, or other event. Such an event shall include any
automatic conversion of the outstanding or issuable securities of the Company of the same class or
series as the Shares to common stock pursuant to the terms of the Company’s Articles of
Incorporation upon the closing of a registered public offering of the Company’s common stock. The
Company or its successor shall promptly issue to Holder a new Warrant for such new securities or
other property. The new Warrant shall provide for adjustments which shall be as nearly equivalent
as may be practicable to the adjustments provided for in this Article 2 including, without
limitation, adjustments to the Warrant Price and to the number of securities or property issuable
upon exercise of the new Warrant. The provisions of this Section 2.2 shall similarly apply to
successive reclassifications, exchanges, substitutions, or other events.
2.3 Adjustments for Combinations, Etc. If the outstanding shares are combined or
consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price
shall be proportionately increased.
2.4 Adjustments for Diluting Issuances. The Warrant Price and the number of Shares
issuable upon exercise of this Warrant or, if the Shares are Preferred Stock, the number of shares
of common stock issuable upon conversion of the Shares, shall be subject to adjustment, from time
to time in the manner set forth on Exhibit A in the event of Diluting Issuances (as defined on
Exhibit A).
2.5 No Impairment. The Company shall not, by amendment of its Articles of
Incorporation or through a reorganization, transfer of assets, consolidation, merger, dissolution,
issue, or sale of securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms to be observed or performed under this Warrant by the Company,
but shall at all times in good faith assist in carrying out of all the provisions of this Article 2
and in taking all such action as may be necessary or appropriate to protect Holder’s rights under
this Article against impairment. If the Company takes any action affecting the Shares or its common
stock other than as described above that adversely affects Holder’s rights under this Warrant, the
Warrant Price shall be adjusted downward and the number of Shares issuable upon exercise of this
Warrant shall be adjusted upward in such a manner that the aggregate Warrant Price of this Warrant
is unchanged.
2.6 Fractional Shares. No fractional shares shall be issuable upon exercise or
conversion of the Warrant and the number of Shares to be issued shall be rounded down to the
nearest whole Share. If a fractional share interest arises upon any exercise or conversion of the
Warrant, the Company shall eliminate such fractional share interest by paying Holder an amount
computed by multiplying the fractional interest by the fair market value of a full Share.
2.7 Certificate as to Adjustments. Upon each adjustment of the Warrant Price, the
Company at its expense shall promptly compute such adjustment, and furnish Holder with a
certificate of its Chief Financial Officer setting forth such adjustment and the facts upon which
such adjustment is based. The Company shall, upon written request, furnish Holder a certificate
setting forth the Warrant Price in effect upon the date thereof and the series of adjustments
leading to such Warrant Price.
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ARTICLE 3. REPRESENTATIONS AND COVENANTS OF THE COMPANY.
3.1 Representations and Warranties. The Company hereby represents and warrants to the
Holder as follows:
(a) The initial Warrant Price referenced on the first page of this Warrant is not greater than
(i) the price per share at which the Shares were last issued in an arms-length transaction in which
at least $500,000 of the Shares were sold and (ii) the fair market value of the Shares as of the
date of this Warrant.
(b) All Shares which may be issued upon the exercise of the purchase right represented by this
Warrant, and all securities, if any, issuable upon conversion of the Shares, shall, upon issuance,
be duly authorized, validly issued, fully paid and nonassessable, and free of any liens and
encumbrances except for restrictions on transfer provided for herein or under applicable federal
and state securities laws.
(c) The capitalization table attached hereto is true and correct.
3.2 Notice of Certain Events. If the Company proposes at any time (a) to declare any
dividend or distribution upon its common stock, whether in cash, property, stock, or other
securities and whether or not a regular cash dividend; (b) to offer for subscription pro rata to
the holders of any class or series of its stock any additional shares of stock of any class or
series or other rights; (c) to effect any reclassification or recapitalization of common stock; (d)
to merge or consolidate with or into any other corporation, or sell, lease, license, or convey all
or substantially all of its assets, or to liquidate, dissolve or wind up; or (e) offer holders of
registration rights the opportunity to participate in an underwritten public offering of the
company’s securities for cash, then, in connection with each such event, the Company shall give
Holder (1) at least 20 days prior written notice of the date on which a record will be taken for
such dividend, distribution, or subscription rights (and specifying the date on which the holders
of common stock will be entitled thereto) or for determining rights to vote, if any, in respect of
the matters referred to in (c) and (d) above; (2) in the case of the matters referred to in (c) and
(d) above at least 20 days prior written notice of the date when the same will take place (and
specifying the date on which the holders of common stock will be entitled to exchange their common
stock for securities or other property deliverable upon the occurrence of such event); and (3) in
the case of the matter referred to in (e) above, the same notice as is given to the holders or such
registration rights.
3.3 Information Rights. So long as the Holder holds this Warrant and/or any of the
Shares, the Company shall deliver to the Holder (a) promptly after mailing, copies of all notices
or other written communications to the shareholders of the Company, (b) within 90 days after the
end of each fiscal year of the Company, the annual audited financial statements of the Company
certified by independent public accountants of recognized standing and (c) such other financial
statements required under and in accordance with any loan documents between Holder and the Company
(or if there are no such requirements [or if the subject loan(s) no longer are outstanding]), then
within 45 days after the end of each of the first three quarters of each fiscal year, the Company’s
quarterly, unaudited financial statements.
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3.4 Registration Under Securities Act of 1933, as amended. The Company agrees that the
Shares or, if the Shares are convertible into common stock of the Company, such common stock, shall
be subject to the registration rights set forth in the Company’s Investors’ Rights Agreement or
similar agreement.
ARTICLE 4. MISCELLANEOUS.
4.1 Term. This Warrant is exercisable, in whole or in part, at any time and from time
to time on or before the Expiration Date set forth above.
4.2 Legends. This Warrant and the Shares (and the securities issuable, directly or
indirectly, upon conversion of the Shares, if any) shall be imprinted with a legend in
substantially the following form:
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY
NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF
UNDER SUCH ACT OR PURSUANT TO RULE 144 OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO
THE CORPORATION AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.
4.3 Compliance with Securities Laws on Transfer. This Warrant and the Shares issuable
upon exercise of this Warrant (and the securities issuable, directly or indirectly, upon conversion
of the Shares, if any) may not be transferred or assigned in whole or in part without compliance
with applicable federal and state securities laws by the transferor and the transferee (including,
without limitation, the delivery of investment representation letters and legal opinions reasonably
satisfactory to the Company, as reasonably requested by the Company). The Company shall not require
Holder to provide an opinion of counsel if the transfer is to an affiliate of Holder or if there is
no material question as to the availability of current information as referenced in Rule 144(c),
Holder represents that it has complied with Rule 144(d) and (e) in reasonable detail, the selling
broker represents that it has complied with Rule 144(f), and the Company is provided with a copy of
Holder’s notice of proposed sale.
4.4 Transfer Procedure. Subject to the provisions of Section 4.3, Holder may transfer
all or part of this Warrant or the Shares issuable upon exercise of this Warrant (or the securities
issuable, directly or indirectly, upon conversion of the Shares, if any) at any time to Silicon
Valley Bancshares or The Silicon Valley Bank Foundation , or, to any other transferee by giving the
Company notice of the portion of the Warrant being transferred setting forth the name, address and
taxpayer identification number of the transferee and surrendering this Warrant to the Company for
reissuance to the transferee(s) (and Holder if applicable). Unless the Company is filing financial
information with the SEC pursuant to the Securities Exchange Act of 1934, the Company shall have
the right to refuse to transfer any portion of this Warrant to any person who directly competes
with the Company.
4.5 Notices. All notices and other communications from the Company to the Holder, or
vice versa, shall be deemed delivered and effective when given personally or mailed by
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first-class registered or certified mail, at such address as may have been furnished to the
Company or the Holder, as the case may be, in writing by the Company or such holder from time to
time. All notices to be provided under this Warrant shall be sent to the following address:
Silicon Valley Bank
Attn: Treasury Department HG 100
0000 Xxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
Attn: Treasury Department HG 100
0000 Xxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
4.6 Waiver. This Warrant and any term hereof may be changed, waived, discharged or
terminated only by an instrument in writing signed by the party against which enforcement of such
change, waiver, discharge or termination is sought.
4.7 Attorneys Fees. In the event of any dispute between the parties concerning the
terms and provisions of this Warrant, the party prevailing in such dispute shell be entitled to
collect from the other party all costs incurred in such dispute, including reasonable attorneys’
fees.
4.8 Governing Law. This Warrant shall be governed by and construed in accordance with
the laws of the State of California, without giving effect to its principles regarding conflicts of
law.
“COMPANY” XxXxxxxxxx.xxx, Inc. |
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By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
(Print) | ||||
Title: | Chairman of the Board, President or Vice President |
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By: | /s/ Xxxxxx Xxxxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxxxx | |||
(Print) | ||||
Title: | Chief Financial Officer, Secretary, Assistant Treasurer or Assistant Secretary |
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APPENDIX 1
NOTICE OF EXERCISE
1. The undersigned hereby elects to purchase _________shares of the Common/Preferred Series
___[Strike one] Stock of XxXxxxxxxx.xxx, Inc. pursuant to the terms of the attached Warrant, and
tenders herewith payment of the purchase price of such shares in full.
or
1. The undersigned hereby elects to convert the attached Warrant into Shares/cash [strike one]
in the manner specified in the Warrant. This conversion is exercised with respect to
_________of the Shares covered by the Warrant.
2. Please issue a certificate or certificates representing said shares in the name of the
undersigned or in such other name as is specified below:
(Name) | ||||
(Address) | ||||
3. The undersigned represents it is acquiring the shares solely for its own account and not as
a nominee for any other party and not with a view toward the resale or distribution thereof except
in compliance with applicable securities laws.
(Signature) | ||||
(Date) |
SILICON VALLEY BANK
ANTIDILUTION AGREEMENT
ANTIDILUTION AGREEMENT
THIS ANTIDILUTION AGREEMENT is entered into as of April 10, 2000, by and between Silicon
Valley Bank (“Purchaser”) and the Company whose name appears on the last page of this Antidilution
Agreement.
RECITALS
A. Concurrently with the execution of this Antidilution Agreement, the Purchaser is purchasing
from the Company a Warrant to Purchase Stock (the “Warrant”) pursuant to which Purchaser has the
right to acquire from the Company the Shares (as defined in the Warrant).
B. By this Antidilution Agreement, the Purchaser and the Company desire to set forth the
adjustment in the number of Shares issuable upon exercise of the Warrant as a result of a Diluting
Issuance (as defined in Exhibit A to the Warrant).
C. Capitalized terms used herein shall have the same meaning as set forth in the Warrant.
NOW THEREFORE, in consideration of the mutual promises, covenants and conditions hereinafter
set forth, the parties hereto mutually agree as follows:
1. Definitions. As used in this Antidilution Agreement, the following terms have the
following respective meanings:
(a) “Option” means any right, option, or warrant to subscribe for, purchase, or otherwise
acquire common stock or Convertible Securities.
(b) “Convertible Securities” means any evidences of indebtedness, shares of stock, or other
securities directly or indirectly convertible into or exchangeable for common stock.
(c) “Issue” means to grant, issue, sell, assume, or fix a record date for determining persons
entitled to receive, any security (including Options), whichever of the foregoing is the first to
occur.
(d) “Additional Common shares” means all common stock (including reissued shares) issued (or
deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional common Shares
does not include, however, any common stock issued in a transaction described in Sections 2.1 and
2.2 of the Warrant; any common stock issued upon conversion of preferred stock outstanding on the
date of the Warrant; the Shares; or common stock issued as incentive or in a nonfinancing
transaction to employees, officers, directors, or consultants to the Company.
2. Deemed Issuance of Additional Common Shares. The shares of common stock ultimately
issuable upon exercise of an Option (including the shares of common stock ultimately issuable upon
conversion or exercise of a Convertible Security issuable pursuant to an Option) are deemed to be
issued when the Option is issued. The shares of common stock ultimately issuable upon conversion or
exercise of a Convertible Security (other then a Convertible Security issued pursuant to an Option)
shall be deemed issued upon issuance of the Convertible Security. The maximum amount of common
stock issuable is determined without regard to any future adjustments permitted under the
instrument creating the Options or Convertible Securities.
3. Adjustment of Warrant Price for Diluting Issuances.
3.1 Weighted Average Adjustment. If the Company issues Additional Common Shares after
the date of the Warrant and the consideration per Additional Common Share (determined pursuant to
Section 9) is less than the Warrant Price in effect immediately before such Issue, the Warrant
Price shall be reduced, concurrently with such Issue, to a price (calculated to the nearest
hundredth of a cent) determined by multiplying the Warrant Price by a fraction:
(a) the numerator of which is the amount of such common stock outstanding immediately before
such Issue plus the amount of common stock that the aggregate consideration received by the Company
for the Additional Common Shares would purchase at the Warrant Price in effect immediately before
such issue, and
(b) the denominator of which is the amount of common stock outstanding immediately before such
issue plus (the number of such Additional Common Shares.
3.2 Adjustment of Number of Shares. Upon each adjustment of the Warrant Price, the
number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient
obtained by dividing (a) the product resulting from multiplying (i) the number of Shares issuable
upon exercise or the warrant and (ii) the Warrant Price, in each case as in effect immediately
before such adjustment, by (b) the adjusted Warrant Price.
3.3 Securities Deemed Outstanding. For the purpose of this Section 3, all securities
issuable upon exercise of any outstanding Convertible Securities or Options, warrants, or other
rights to acquire securities of the Company shall be deemed to be outstanding.
4. No Adjustment for Issuances Following Deemed Issuances. No adjustment to the
Warrant Price shall be made upon the exercise of Options or conversion of Convertible Securities.
5. Adjustment Following Changes In Terms of options or Convertible Securities. If the
consideration payable to, or the amount of common stock issuable by, the Company increases or
decreases, respectively, pursuant to the terms of any outstanding Options or Convertible
Securities, the Warrant Price shall be recomputed to reflect such increase or decrease. The
recomputation shall be made as of the time of the issuance of the Options or Convertible
Securities. Any changes in the Warrant Price that occurred after such issuance because other
Additional Common Shares were issued or deemed issued shall also be recomputed.
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6. Recomputation Upon Expiration of Options or Convertible Securities. The Warrant
Price computed upon the original issue of any Options or Convertible Securities, and any subsequent
adjustments based thereon, shall be recomputed when any Options or rights of conversion under
Convertible Securities expire without having been exercised. In the case of Convertible Securities
or Options for common stock, the Warrant Price shall be recomputed as if the only Additional Common
Shares issued were the shares of common stock actually issued upon the exercise of such securities,
if any, and as if the only consideration received therefor was the consideration actually received
upon the issue, exercise or conversion of the Options or Convertible Securities. In the case of
Options for Convertible Securities, the Warrant Price shall be recomputed as if the only
Convertible Securities issued were the Convertible Securities actually issued upon the exercise
thereof, if any, and as if the only consideration received therefor was the consideration actually
received by the Company (determined pursuant to Section 9), if any, upon the issue of the Options
for the Convertible Securities.
7. Limit on Readjustments. No readjustment of the Warrant Price pursuant to Sections 5
or 6 shall increase the Warrant Price more than the amount of any decrease made in respect of the
issue of any Options or Convertible Securities.
8. 30 Day Options. In the case of any Options that expire by their terms not more than
30 days after the date of Issue thereof, no adjustment of the Warrant Price shall be made until the
expiration or exercise of all such Options.
9. Computation of Consideration. The consideration received by the Company for the
issue of any Additional Common Shares shall be computed as follows:
(a) Cash shall be valued at the amount of cash received by the Corporation, excluding
amounts paid or payable for accrued interest or accrued dividends.
(b) Property. Property other than cash shall be computed at the fair market value
thereof at the time of the issue as determined in good faith by the Board of Directors of the
Company.
(c) Mixed Consideration. The consideration for Additional common Shares issued
together with other property of the Company for consideration that covers both shall be determined
in good faith by the Board of Directors.
(d) Options and Convertible Securities. The consideration per Additional Common Share
for Options and Convertible Securities shall be determined by dividing:
(i) the total amount, if any, received or receivable by the Company for the issue of the
Options or Convertible Securities, plus the minimum amount of additional consideration (as set
forth in the instruments relating thereto, without regard to any provision contained therein for a
subsequent adjustment of such consideration) payable to the Company upon exercise of the Options or
conversion of the Convertible Securities, by
(ii) the maximum amount of common stock (as set forth in the instruments relating thereto,
without regard to any provision contained therein for a subsequent
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adjustment of such number) ultimately issuable upon the exercise of such Options or the
conversion of such Convertible Securities.
10. General.
10.1 Governing Law. This Antidilution Agreement shall be governed in all respects by
the laws of the State of California as such laws are applied to agreements between California
residents entered into and to be performed entirely within California.
10.2 Successors and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns,
heirs, executors and administrators of the parties hereto.
10.3 Entire Agreement. Except as set forth below, this Antidilution Agreement and the
other documents delivered pursuant hereto constitute the full and entire understanding and
agreement between the parties with regard to the subjects hereof and thereof.
10.4 Notices, etc. All notices and other communications required or permitted
hereunder shall be in writing and shall be mailed by first class mail, postage prepaid, certified
or registered mail, return receipt requested, addressed (a) if to Purchaser at Purchaser’s address
as set forth below, or at such other address as Purchaser shall have furnished to the Company in
writing, or (b) if to the Company, at the Company’s address set forth below, or at such other
address as the Company shall have furnished to the Purchaser in writing.
10.5 Severability. In case any provision of this Antidilution Agreement shall be
invalid, illegal, or unenforceable, the validity, legality and enforceability of the remaining
provisions of this Antidilution Agreement shall not in any way be affected or impaired thereby.
10.6 Titles and Subtitles. The titles of the sections and subsections of this
Agreement are for convenience of reference only and are not to be considered in construing this
Antidilution Agreement.
10.7 Counterparts. This Antidilution Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together shall constitute one
instrument.
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PURCHASER | COMPANY | |||||
SILICON VALLEY BANK | XXXXXXXXXX.XXX, INC. | |||||
By: |
/s/ Xxxxx Xxxxxxx | By: | /s/ Xxxxxx X. Xxxxx | |||
Name: |
Xxxxx Xxxxxxx | Name: | Xxxxxx X. Xxxxx | |||
(print) | (print) | |||||
Title: |
VP | Title: | Chairman of the Board, President or Vice President |
|||
Address |
00000 XX Xxxxxxx | Address: | 0000 X. Xxxxxxxx Xxxx Xx. | |||
Xxxxx 000 | Xxxx, XX 00000 | |||||
Xxxxxxxxx XX 00000 | ||||||
ACKNOWLEDGEMENT AND AGREEMENT
THIS ACKNOWLEDGEMENT AND AGREEMENT (this “Acknowledgement”) is made by and between Omniture,
Inc. (the “Company”) and Silicon Valley Bank (“SVB”) (each a “Party” and collectively, the
“Parties”), effective as of April 26, 2006. Reference is made to that certain Warrant to Purchaser
Stock issued by the Company to SVB on April 10, 2000 (the “Warrant”). Any capitalized term used
but not otherwise defined herein shall have the meaning given such term in the Warrant.
1. The Parties hereby acknowledge and agree that, as of the date of this Acknowledgement, the
Warrant is exercisable for an aggregate of 84,000 shares of the Company’s common stock at an
exercise price equal to $0.055 per share.
2. The Parties further acknowledge and agree that Bank’s rights under Section 3.4 of the
Warrant have been satisfied in full by virtue of Bank having entered into that certain Amended and
Restated Registration Rights Agreement dated as of April 26, 2006, by and among the Company and the
Investors, Founders and Additional Holders as defined therein.
[Signature page follows]
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IN WITNESS WHEREOF, the Parties hereto have executed this Acknowledgement as of the date first
written above.
OMNITURE, INC. |
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/s/ Xxxxxxx X. Xxxxxxx | ||||
Xxxxxxx X. Xxxxxxx | ||||
Chief Financial Officer | ||||
SILICON VALLEY BANK |
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By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | |||
Its: | Derivatives Manager | |||
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