EXHIBIT 4.3
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT
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This Fifth Restated Investors' Rights Agreement (this "Agreement") is
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made and entered into as of May 3, 2000 by and among Extricity, Inc., a
California corporation (the "Company"), and the persons and entities listed on
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Exhibit A attached hereto (the "Investors") and the persons listed on Exhibit B
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attached hereto (the "Shareholders").
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RECITALS
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A. Certain of the Investors (the "Prior Investors") are holders of
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outstanding shares of the Company's Series A Preferred Stock ("Series A Stock")
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issued by the Company to such Prior Investors pursuant to a Series A Preferred
Stock Purchase Agreement by and among the Company and the Prior Investors dated
May 10, 1996 (the "Series A Agreement"), and/or holders of outstanding shares of
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the Company's Series B Preferred Stock ("Series B Stock") issued by the Company
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to such Prior Investors pursuant to a Series B Preferred Stock Purchase
Agreement by and among the Company and the Prior Investors dated June 17, 1997
(the "Series B Agreement"), and/or holders of outstanding shares of the
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Company's Series C Preferred Stock ("Series C Stock") issued by the Company to
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such Prior Investors pursuant to a Series C Preferred Stock Purchase Agreement
by and among the Company and the Prior Investors dated April 24, 1998 (the
"Series C Agreement"), and/or holders of outstanding shares of the Company's
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Series D Preferred Stock ("Series D Stock") issued by the Company to such Prior
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Investors pursuant to a Series D Preferred Stock Purchase Agreement by and among
the Company and the Prior Investors dated April 28, 1999 (the "Series D
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Agreement"), and/or holders of outstanding shares of the Company's Series E
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Preferred Stock ("Series E Stock") issued by the Company to such Prior Investors
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pursuant to a Series E Preferred Stock Purchase Agreement by and among the
Company and the Prior Investors dated November 29, 1999 (the "Series E
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Agreement"), and have also been granted certain information and registration
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rights and rights of first refusal under the Fourth Restated Investors' Rights
Agreement by and among the Company and the Prior Investors dated November 29,
1999 (the "Prior Rights Agreement").
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B. Certain Investors (the "Series F Investors") have agreed to
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purchase shares of the Company's Series F Preferred Stock ("Series F Stock")
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pursuant to a certain Series F Preferred Stock Purchase Agreement by and among
the Company and such Series F Investors dated of even date herewith (the "Series
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F Agreement"). The Series F Agreement provides that, as a condition to the
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Series F Investors' purchase of Series F Stock thereunder, the Company will
enter into this Agreement and the Series F Investors will be granted the rights
set forth herein. (The Series A Stock, Series B Stock, Series C Stock, Series D
Stock, Series E Stock and Series F Stock are collectively referred to as the
"Preferred Stock").
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C. The Company and the undersigned parties hereto desire to enter
into this Agreement in order to amend, restate and replace the rights and
obligations of all parties to and under the Prior Rights Agreement with the
rights and obligations set forth in this Agreement and to extend such rights and
obligations to the Series F Investors. Section 6.2 of the Prior Rights
Agreement provides that the Prior Rights Agreement may be amended by the written
consent of the holders of a majority of the "Investors' Shares" (as defined in
Section 6.2 of the Prior Rights Agreement) and the undersigned parties to this
Agreement hold a majority of the Investors' Shares, as defined in the Prior
Rights Agreement.
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NOW, THEREFORE, in consideration of the foregoing recitals and the
mutual promises hereinafter set forth, the parties hereto agree as follows:
1. INFORMATION RIGHTS.
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1.1 Financial Information. The Company covenants and agrees
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that, commencing on the date of this Agreement, the Company will:
(a) Annual Reports. Furnish to each Investor as soon as
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practicable and in any event within ninety (90) days after the end of each
fiscal year of the Company, a consolidated Balance Sheet as of the end of such
fiscal year, a consolidated Statement of Income and a consolidated Statement of
Cash Flows of the Company and its subsidiaries for such year, setting forth in
each case in comparative form the figures from the Company's previous fiscal
year (if any), all prepared in accordance with generally accepted accounting
principles and practices and audited by nationally recognized independent
certified public accountants;
(b) Quarterly Reports, Monthly Reports, Annual Budget.
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Furnish to each Investor, for so long as any Investor holds at least 150,000
shares (such number of shares being subject to proportional adjustment to
reflect combinations or subdivisions of such Preferred Stock or dividends
declared in shares of such stock) of Preferred Stock and/or the equivalent
number on an as-converted basis of shares of Common Stock of the Company
("Common Stock") issued upon the conversion of such shares of Preferred Stock
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("Conversion Stock"):
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(1) as soon as practicable, and in any case within
forty-five (45) days of the end of each fiscal quarter of the Company (except
the last quarter of the Company's fiscal year), quarterly unaudited financial
statements, including an unaudited Balance Sheet, an unaudited Statement of
Income and an unaudited Statement of Cash Flows;
(2) as soon as practicable, and in any case within
thirty (30) days of the end of each calendar month (except the last month of the
Company's fiscal year), monthly unaudited financial statements, including an
unaudited Balance Sheet, an unaudited Statement of Income and an unaudited
Statement of Cash Flows; and
(3) as soon as practicable and in any event no later
than thirty (30) days after the close of each fiscal year of the Company, an
annual operating plan and budget, prepared on a monthly basis, for the next
immediate fiscal year. The Company shall also furnish to each such Investor,
within a reasonable time of its preparation, amendments to the annual budget, if
any.
1.2 Inspection Rights. The Company shall permit each Investor
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holding at least 250,000 shares (such number of shares being subject to
proportional adjustment to reflect combinations or subdivisions of such
Preferred Stock or dividends declared in shares of such stock) of Preferred
Stock and/or the equivalent number on an as-converted basis of shares of
Conversion Stock, or any combination thereof, at such Investor's expense, to
visit and inspect the Company's properties, to examine its books of account and
records and to discuss the Company's affairs, finances and accounts with its
officers, all at such reasonable times as may be requested by such Investor.
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1.3 Confidentiality. Each Investor agrees, except to the extent such
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information may be made publicly available by the Company, (i) to hold all
information received pursuant to this Section in confidence, (ii) not to use
such information for any purpose other than evaluating such Investor's
investment in the Company; and (iii) not to disclose any of such information to
any third party.
1.4 Termination of Certain Rights. The Company's obligations under
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Sections 1.1, 1.2 and 1.3 above will terminate upon the closing of the Company's
initial public offering of Common Stock pursuant to an effective registration
statement filed under the U.S. Securities Act of 1933, as amended (the
"Securities Act") in which the gross proceeds raised for the Company's account
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(calculated before deduction of underwriters' discounts and omissions) exceeds
$15,000,000 and the public offering price per share of which equals or exceeds
$11.82 per share before deduction of underwriters' discounts and commissions
(such price per share of Common Stock to be appropriately adjusted to reflect
any stock dividends, stock splits or combinations, or other recapitalizations or
reorganizations).
1.5 Rule 144A Information. The Company agrees to provide each
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Investor, upon request, with such written information as may be required in
order to permit such Investor to resell any shares of the Preferred Stock or
Conversion Stock pursuant to Rule 144A promulgated under the Securities Act.
2. REGISTRATION RIGHTS.
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2.1 Definitions. For purposes of this Section 2:
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(a) Registration. The terms "register," "registered," and
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"registration" refer to a registration effected by preparing and filing a
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registration statement in compliance with the Securities Act, and the
declaration or ordering of effectiveness of such registration statement.
(b) Registrable Securities. The term "Registrable Securities"
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means: (1) all the shares of Common Stock of the Company issued or issuable
upon the conversion of any shares of Preferred Stock; (2) the shares of Common
Stock now held by the Shareholders and set forth in Exhibit B attached hereto
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(the "Shareholders' Shares"); and (3) any shares of Common Stock of the Company
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issued as (or issuable upon the conversion or exercise of any warrant, right or
other security which is issued as) a dividend or other distribution with respect
to, or in exchange for or in replacement of, all such shares of Common Stock
described in clause (1) or (2) of this subsection (b); excluding in all cases,
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however, any Registrable Securities sold by a person in a transaction in which
rights under this Section 2 are not assigned in accordance with this Agreement
or any Registrable Securities sold to the public or sold pursuant to Rule 144
promulgated under the Securities Act; and provided, however, that
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notwithstanding anything herein to the contrary, the Shareholders' Shares and
any shares of Common Stock described in clause (3) of this Section 2(b) that are
issued in respect of any Shareholders' Shares (which with the Shareholders'
Shares are collectively hereinafter referred to as the "Excluded Shares"), shall
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not be Registrable Securities for purposes of Sections 2.2, 2.4 or 3 of this
Agreement.
(c) Registrable Securities Then Outstanding. The number of shares
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of "Registrable Securities Then Outstanding" shall mean the number of shares of
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Common Stock
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which are Registrable Securities and (1) are then issued and outstanding or (2)
are then issuable pursuant to the exercise or conversion of then outstanding and
then exercisable options, warrants or convertible securities; provided, however,
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that Excluded Shares shall not be Registrable Securities Then Outstanding for
purposes of Sections 2.2 or 2.4 of this Agreement.
(d) Holder. For purposes of this Section 2 hereof, the term "Holder"
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means any person owning of record Registrable Securities that have not been sold
to the public or pursuant to Rule 144 promulgated under the Securities Act or to
any assignee of record of such Registrable Securities to whom rights under this
Section 2 have been duly assigned in accordance with this Agreement; provided,
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however, that for purposes of this Agreement, a record holder of shares of
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Preferred Stock convertible into such Registrable Securities shall be deemed to
be the Holder of such Registrable Securities; provided further, that a holder of
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Excluded Shares (as defined in Section 2.1(b) shall not be a Holder with respect
to such Excluded Shares for purposes of Sections 2.2, 2.4 or 3 of this
Agreement; and provided, further, that the Company shall in no event be
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obligated to register shares of Preferred Stock, and that Holders of Registrable
Securities will not be required to convert their shares of Preferred Stock into
Common Stock in order to exercise the registration rights granted hereunder,
until immediately before the closing of the offering to which the registration
relates.
(e) Form S-3. The term "Form S-3" means such form under the
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Securities Act as is in effect on the date hereof or any successor registration
form under the Securities Act subsequently adopted by the SEC which permits
inclusion or incorporation of substantial information by reference to other
documents filed by the Company with the SEC.
(f) SEC. The term "SEC" or "Commission" means the U.S. Securities
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and Exchange Commission.
2.2 Demand Registration.
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(a) Request by Holders. If the Company shall receive at any time
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after the earlier to occur of (i) one (1) year after the effective date of the
Company's initial public offering of its securities pursuant to a registration
filed under the Securities Act, and (ii) December 31, 2000, a written request
from the Holders of at least forty percent (40%) of the Registrable Securities
Then Outstanding that the Company file a registration statement under the
Securities Act covering the registration of Registrable Securities pursuant to
this Section 2.2, then the Company shall, within ten (10) business days of the
receipt of such written request, give written notice of such request ("Request
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Notice") to all Holders, and effect, as soon as practicable, the registration
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under the Securities Act of all Registrable Securities which Holders request to
be registered and included in such registration by written notice given by such
Holders to the Company within twenty (20) days after receipt of the Request
Notice, subject only to the limitations of this Section 2.2; provided that the
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Registrable Securities requested by all Holders to be registered pursuant to
such request must either (i) be at least twenty-five percent (25%) of all
Registrable Securities Then Outstanding or (ii) have an anticipated aggregate
public offering price (before any underwriting discounts and commissions) of not
less than $5,000,000.
(b) Underwriting. If the Holders initiating the registration request
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under this Section 2.2 ("Initiating Holders") intend to distribute the
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Registrable Securities
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covered by their request by means of an underwriting, then they shall so advise
the Company as a part of their request made pursuant to this Section 2.2 and the
Company shall include such information in the written notice referred to in
subsection 2.2(a). In such event, the right of any Holder to include his
Registrable Securities in such registration shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's
Registrable Securities in the underwriting (unless otherwise mutually agreed by
a majority in interest of the Initiating Holders and such Holder) to the extent
provided herein. All Holders proposing to distribute their securities through
such underwriting shall enter into an underwriting agreement in customary form
with the managing underwriter or underwriters selected for such underwriting by
the Company (which underwriter shall be reasonably acceptable to a majority in
interest of the Initiating Holders). Notwithstanding any other provision of this
Section 2.2, if the underwriter(s) advise(s) the Company in writing that
marketing factors require a limitation of the number of securities to be
underwritten then the Company shall so advise all Holders of Registrable
Securities which would otherwise be registered and underwritten pursuant hereto,
and the number of Registrable Securities that may be included in the
underwriting shall be reduced as required by the underwriter(s) and allocated
among the Holders of Registrable Securities requesting registration on a pro
rata basis according to the number of Registrable Securities Then Outstanding
held by each Holder requesting registration (including, but not limited to, the
Initiating Holders); provided, however, that the number of shares of
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Registrable Securities held by Holders to be included in such underwriting and
registration shall not be reduced unless first, all securities held by
Shareholders are entirely excluded from the underwriting and registration, and
second, if the number of shares to be registered still exceed the limitation set
by the underwriter(s), all other securities of the Company are excluded from the
underwriting and registration. Any Registrable Securities excluded and withdrawn
from such underwriting shall be withdrawn from the registration.
(c) Maximum Number of Demand Registrations. The Company is obligated
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to effect only two (2) such registrations pursuant to this Section 2.2.
(d) Deferral. Notwithstanding the foregoing, if the Company shall
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furnish to Holders requesting the filing of a registration statement pursuant to
this Section 2.2, a certificate signed by the President or Chief Executive
Officer of the Company stating that in the good faith judgment of the Board of
Directors of the Company it would be seriously detrimental to the Company and
its shareholders for such registration statement to be filed and it is therefore
essential to defer the filing of such registration statement, then the Company
shall have the right to defer such filing for a period of not more than six (6)
months after receipt of the request of the Initiating Holders; provided,
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however, that the Company may not utilize this right more than once in any
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twelve (12) month period.
(e) Expenses. All expenses incurred in connection with a
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registration pursuant to this Section 2.2, including without limitation all
registration and qualification fees, printers' and accounting fees, fees and
disbursements of counsel for the Company, and the reasonable fees and
disbursements of one counsel for the selling Holders, which counsel may (if
desired by the selling Holders) be counsel for the Company, (but excluding
underwriters' discounts and commissions), shall be borne by the Company. Each
Holder participating in a registration pursuant to this Section 2.2 shall bear
such Holder's proportionate share (based on the number of shares sold by such
Holder divided by the total number of shares sold in such
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registration) of all discounts, commissions or other amounts payable to
underwriters or brokers in connection with such offering. Notwithstanding the
foregoing, the Company shall not be required to pay for any expenses of any
registration proceeding begun pursuant to this Section 2.2 if the registration
request is subsequently withdrawn at the request of the Holders of a majority of
the Registrable Securities to be registered, unless the Holders of a majority of
the Registrable Securities Then Outstanding agree to forfeit their right to one
(1) demand registration pursuant to this Section 2.2 (in which case such right
shall be forfeited by all Holders of Registrable Securities); provided, further,
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however, that if at the time of such Registrable Securities held by Holders to
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withdrawal, the Holders have learned of a material adverse change in the
condition, business, or prospects of the Company not known to the Holders at the
time of their request for such registration and have withdrawn their request for
registration with reasonable promptness after learning of such material adverse
change, then the Holders shall not be required to pay any of such expenses and
shall retain their rights pursuant to this Section 2.2.
2.3 Piggyback Registrations. The Company shall notify all Holders of
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Registrable Securities in writing at least thirty (30) days prior to filing any
registration statement under the Securities Act for purposes of effecting a
public offering of securities of the Company (including, but not limited to,
registration statements relating to secondary offerings of securities of the
Company, but excluding registration statements relating to any employee benefit
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plan or a corporate reorganization) and will afford each such Holder an
opportunity to include in such registration statement all or any part of the
Registrable Securities then held by such Holder. Each Holder desiring to
include in any such registration statement all or any part of the Registrable
Securities held by such Holder shall, within twenty (20) days after receipt of
the above-described notice from the Company, so notify the Company in writing,
and in such notice shall inform the Company of the number of Registrable
Securities such Holder wishes to include in such registration statement. If a
Holder decides not to include all of its Registrable Securities in any
registration statement thereafter filed by the Company, such Holder shall
nevertheless continue to have the right to include any Registrable Securities in
any subsequent registration statement or registration statements as may be filed
by the Company with respect to offerings of its securities, all upon the terms
and conditions set forth herein.
(a) Underwriting. If a registration statement under which the
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Company gives notice under this Section 2.3 is for an underwritten offering,
then the Company shall so advise the Holders of Registrable Securities. In such
event, the right of any such Holder's Registrable Securities to be included in a
registration pursuant to this Section 2.3 shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's
Registrable Securities in the underwriting to the extent provided herein. All
Holders proposing to distribute their Registrable Securities through such
underwriting shall enter into an underwriting agreement in customary form with
the managing underwriter or underwriter(s) selected by the Company for such
underwriting. Notwithstanding any other provision of this Agreement, if the
managing underwriter determine(s) in good faith that marketing factors require a
limitation of the number of shares to be underwritten, then the managing
underwriter(s) may exclude shares (including Registrable Securities) from the
registration and the underwriting, and the number of shares that may be included
in the registration to the underwriting shall be allocated, first, to the and
second, to each of the Investors who are Holders requesting inclusion of their
Registrable Securities in such registration statement on a pro rata basis based
on the number of Registrable Securities each such Holder has requested to be
included in the
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registration; and third, to the Holders other than the Investors on a pro rata
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basis based on the total number of Registrable Securities each such Holder has
requested to be included in the registration; provided however, that the right
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of the underwriters to exclude shares (including Registrable Securities) from
the registration and underwriting as described above shall be restricted so
that: (A) the number of Registrable Securities included in any such registration
is not reduced below thirty percent (30%) of the shares included in the
registration, except for (i) a registration relating to the Company's initial
public offering, from which all Registrable Securities may be excluded and (ii)
a piggyback on a registration initiated under Section 2.2, from which all
Registrable Securities held by Shareholders may be excluded; and (B) all shares
that are not Registrable Securities and are held by persons who are employees or
directors of the Company (or any subsidiary of the Company) shall first be
excluded from such registration and underwriting before any Registrable
Securities are so excluded.
(b) Expenses. All expenses incurred in connection with a
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registration pursuant to this Section 2.3 (excluding underwriters' and brokers'
discounts and commissions), including, without limitation all federal and "blue
sky" registration and qualification fees, printers' and accounting fees, fees
and disbursements of counsel for the Company and reasonable fees and
disbursements of one counsel for the selling Holders (which, if desired by the
selling Holders, may be counsel to the Company) shall be borne by the Company.
2.4 Form S-3 Registration. In case the Company shall receive from any
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Holder or Holders a written request or requests that the Company effect a
registration on Form S-3 and any related qualification or compliance with
respect to all or a part of the Registrable Securities owned by such Holder or
Holders, then the Company will:
(a) Notice. Promptly give written notice of the proposed registration
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and the Holder's or Holders' request therefor, and any related qualification or
compliance, to all other Holders of Registrable Securities; and
(b) Registration. As soon as practicable, effect such registration
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and all such qualifications and compliances as may be so requested and as would
permit or facilitate the sale and distribution of all or such portion of such
Holder's or Holders' Registrable Securities as are specified in such request,
together with all or such portion of the Registrable Securities of any other
Holder or Holders joining in such request as are specified in a written request
given within twenty (20) days after receipt of such written notice from the
Company; provided, however, that the Company shall not be obligated to effect
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any such registration, qualification or compliance pursuant to this Section 2.4:
(1) if Form S-3 is not available for such offering by the
Holders;
(2) if the Holders, together with the holders of any other
securities of the Company entitled to inclusion in such registration, propose to
sell Registrable Securities and such other securities (if any) at an aggregate
price to the public of less than $1,000,000;
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(3) if the Company shall furnish to the Holders a certificate
signed by the President or Chief Executive Officer of the Company stating that
in the good faith judgment of the Board of Directors of the Company, it would be
seriously detrimental to the Company and its shareholders for such Form S-3
Registration to be effected at such time, in which event the Company shall have
the right to defer the filing of the Form S-3 registration statement no more
than once during any twelve month period for a period of not more than six (6)
months after receipt of the request of the Holder or Holders under this Section
2.4;
(4) if the Company has, within the twelve (12) month period
preceding the date of such request, already effected one (1) registration on
Form S-3 for the Holders pursuant to this Section 2.4; or
(5) in any particular jurisdiction in which the Company would be
required to qualify to do business or to execute a general consent to service of
process in effecting such registration, qualification or compliance.
(c) Expenses. Subject to the foregoing, the Company shall file a Form
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S-3 registration statement covering the Registrable Securities and other
securities so requested to be registered pursuant to this Section 2.4 as soon as
practicable after receipt of the request or requests of the Holders for such
registration. The Company shall pay all expenses incurred in connection with
each registration requested pursuant to this Section 2.4, (excluding
underwriters' or brokers' discounts and commissions), including without
limitation all filing, registration and qualification, printers' and accounting
fees and the reasonable fees and disbursements of counsel for the Company and
one counsel for the selling Holder or Holders (which, if desired by the selling
Holder or Holders, may be counsel for the Company).
(d) Not Demand Registration. Form S-3 registrations shall not be
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deemed to be demand registrations as described in Section 2.2 above.
2.5 Obligations of the Company. Whenever required to effect the
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registration of any Registrable Securities under this Agreement, the Company
shall, as expeditiously as reasonably possible:
(a) Prepare and file with the SEC a registration statement with
respect to such Registrable Securities and use its best efforts to cause such
registration statement to become effective, and, upon the request of the Holders
of a majority of the Registrable Securities registered thereunder, keep such
registration statement effective for up to ninety (90) days.
(b) Prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement.
(c) Furnish to the Holders such number of copies of a prospectus,
including a preliminary prospectus, in conformity with the requirements of the
Securities Act, and such other documents as they may reasonably request in order
to facilitate the disposition of the Registrable Securities owned by them that
are included in such registration.
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(d) Use its best efforts to register and qualify the securities
covered by such registration statement under such other securities or Blue Sky
laws of such jurisdictions as shall be reasonably requested by the Holders,
provided that the Company shall not be required in connection therewith or as a
condition thereto to qualify to do business or to file a general consent to
service of process in any such states or jurisdictions.
(e) In the event of any underwritten public offering, enter into and
perform its obligations under an underwriting agreement, in usual and customary
form, with the managing underwriter(s) of such offering. Each Holder
participating in such underwriting shall also enter into and perform its
obligations under such an agreement.
(f) Notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event
as a result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing.
(g) Furnish, at the request of any Holder requesting registration of
Registrable Securities, on the date that such Registrable Securities are
delivered to the underwriters for sale, if such securities are being sold
through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such
securities becomes effective, (i) an opinion, dated as of such date, of the
counsel representing the Company for the purposes of such registration, in form
and substance as is customarily given to underwriters in an underwritten public
offering and reasonably satisfactory to a majority in interest of the Holders
requesting registration, addressed to the underwriters, if any, and to the
Holders requesting registration of Registrable Securities and (ii) a "comfort"
letter dated as of such date, from the independent certified public accountants
of the Company, in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering
and reasonably satisfactory to a majority in interest of the Holders requesting
registration, addressed to the underwriters, if any, and to the Holders
requesting registration of Registrable Securities.
(h) Use its best efforts to cause all such Registrable Securities
pursuant hereunder to be listed on any securities exchange or included for
trading on any interleader quotation system on which similar securities issued
by the Company are then listed.
(i) Provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration.
2.6 Furnish Information. It shall be a condition precedent to the
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obligations of the Company to take any action pursuant to Sections 2.2, 2.3 or
2.4 that the selling Holders shall furnish to the Company such information
regarding themselves, the Registrable Securities held by them, and the intended
method of disposition of such securities as shall be required to timely effect
the registration of their Registrable Securities.
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2.7 Delay of Registration. No Holder shall have any right to obtain
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or seek an injunction restraining or otherwise delaying any such registration as
the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 2.
2.8 Indemnification. In the event any Registrable Securities are
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included in a registration statement under Sections 2.2, 2.3 or 2.4:
(a) By the Company. To the extent permitted by law, the Company
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will indemnify and hold harmless each Holder, the partners, officers and
directors of each Holder, any underwriter (as defined in the Securities Act) for
such Holder and each person, if any, who controls such Holder or underwriter
within the meaning of the Securities Act or the Securities Exchange Act of 1934,
as amended, (the "1934 Act"), against any losses, claims, damages, or
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liabilities (joint or several) to which they may become subject under the
Securities Act, the 1934 Act or other federal or state law, insofar as such
losses, claims, damages, or liabilities (or actions in respect thereof) arise
out of or are based upon any of the following statements, omissions or
violations (collectively a "Violation"):
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(i) any untrue statement or alleged untrue statement of a
material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments
or supplements thereto;
(ii) the omission or alleged omission to state therein a
material fact required to be stated therein, or necessary to make the statements
therein not misleading, or
(iii) any violation or alleged violation by the Company of
the Securities Act, the 1934 Act, any federal or state securities law or any
rule or regulation promulgated under the Securities Act, the 1934 Act or any
federal or state securities law in connection with the offering covered by such
registration statement;
and the Company will reimburse each such Holder, partner, officer or director,
underwriter or controlling person for any legal or other expenses reasonably
incurred by them, as incurred, in connection with investigating or defending any
such loss, claim, damage, liability or action; provided however, that the
-------- -------
indemnity agreement contained in this subsection 2.8(a) shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company (which consent
shall not be unreasonably withheld), nor shall the Company be liable in any such
case for any such loss, claim, damage, liability or action to the extent that it
arises out of or is based upon a Violation which occurs in reliance upon and in
conformity with written information furnished expressly for use in connection
with such registration by such Holder, partner, officer, director, underwriter
or controlling person of such Holder.
(b) By Selling Holders. To the extent permitted by law, each selling
------------------
Holder will indemnify and hold harmless the Company, each of its directors, each
of its officers who have signed the registration statement, each person, if any,
who controls the Company within the meaning of the Securities Act, any
underwriter and any other Holder selling securities under such registration
statement or any of such other Holder's partners, directors or officers or any
person who controls such Holder within the meaning of the Securities Act or the
1934 Act,
10
against any losses, claims, damages or liabilities (joint or several) to which
the Company or any such director, officer, controlling person, underwriter or
other such Holder, partner or director, officer or controlling person of such
other Holder may become subject under the Securities Act, the 1934 Act or other
federal or state law, insofar as such losses, claims, damages or liabilities (or
actions in respect thereto) arise out of or are based upon any Violation, in
each case to the extent (and only to the extent) that such Violation occurs in
reliance upon and in conformity with written information furnished by such
Holder expressly for use in connection with such registration; and each such
Holder will reimburse any legal or other expenses reasonably incurred by the
Company or any such director, officer, controlling person, underwriter or other
Holder, partner, officer, director or controlling person of such other Holder in
connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the indemnity agreement contained
-------- -------
in this subsection 2.8(b) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Holder, which consent shall not be unreasonably
withheld; and provided further, that the total amounts payable in indemnity by a
-------- -------
Holder under this Section 2.8(b) in respect of any Violation or Violations shall
not exceed the net proceeds received by such Holder in the registered offering
out of which such Violation or Violations arise.
(c) Notice. Promptly after receipt by an indemnified party under
------
this Section 2.8 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof
is to be made against any indemnifying party under this Section 2.8, deliver to
the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party shall
-------- -------
have the right to retain its own counsel, with the fees and expenses to be paid
by the indemnifying party, if representation of such indemnified party by the
counsel retained by the indemnifying party would be inappropriate due to actual
or potential conflict of interests between such indemnified party and any other
party represented by such counsel in such proceeding. The failure to deliver
written notice to the indemnifying party within a reasonable time of the
commencement of any such action, if prejudicial to its ability to defend such
action, shall relieve such indemnifying party of any liability to the
indemnified party under this Section 2.8, but the omission so to deliver written
notice to the indemnifying party will not relieve it of any liability that it
may have to any indemnified party otherwise than under this Section 2.8.
(d) Defect Eliminated in Final Prospectus. The foregoing indemnity
-------------------------------------
agreements of the Company and Holders are subject to the condition that, insofar
as they relate to any Violation made in a preliminary prospectus but eliminated
or remedied in the amended prospectus on file with the SEC at the time the
registration statement in question becomes effective or the amended prospectus
filed with the SEC pursuant to SEC Rule 424(b) (the "Final Prospectus), such
----------------
indemnity agreement shall not inure to the benefit of any person if a copy of
the Final Prospectus was furnished to the indemnified party and was not
furnished to the person asserting the loss, liability, claim or damage at or
prior to the time such action is required by the Securities Act.
11
(e) Contribution. In order to provide for just and equitable
------------
contribution to joint liability under the Securities Act in any case in which
either (i) any Holder exercising rights under this Agreement, or any controlling
person of any such Holder, makes a claim for indemnification pursuant to this
Section 2.8 but it is judicially determined (by the entry of a final judgment or
decree by a court of competent jurisdiction and the expiration of time to appeal
or the denial of the last right of appeal) that such indemnification may not be
enforced in such case notwithstanding the fact that this Section 2.8 provides
for indemnification in such case, or (ii) contribution under the Securities Act
may be required on the part of any such selling Holder or any such controlling
person in circumstances for which indemnification is provided under this Section
2.8; then, and in each such case, the Company and such Holder will contribute to
the aggregate losses, claims, damages or liabilities to which they may be
subject (after contribution from others) in such proportion so that such Holder
is responsible for the portion represented by the percentage that the public
offering price of its Registrable Securities offered by and sold under the
registration statement bears to the public offering price of all securities
offered by and sold under such registration statement, and the Company and other
selling Holders are responsible for the remaining portion; provided, however,
-------- -------
that, in any such case, (A) no Holder will be required to contribute any amount
in excess of the net proceeds received by such Holder from all Registrable
Securities offered and sold by such Holder pursuant to such registration
statement; and (B) no person or entity guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) will be entitled to
contribution from any person or entity who was not guilty of such fraudulent
misrepresentation.
(f) Survival. The obligations of the Company and Holders under
--------
this Section 2.8 shall survive the completion of any offering of Registrable
Securities in a registration statement, and otherwise.
2.9 "Market Stand-Off" Agreement. Each Holder hereby agrees that it
---------------------------
shall not, to the extent requested by the Company or an underwriter of
securities of the Company, sell or otherwise transfer or dispose of any
Registrable Securities or other shares of stock of the Company then owned by
such Holder (other than to donees or partners or affiliates of the Holder who
agree to be similarly bound) for up to one hundred eighty (180) days following
the effective date of a registration statement of the Company; provided,
--------
however, that:
-------
(a) such agreement shall be applicable only to the first such
registration statement of the Company which covers securities to be sold on its
behalf to the public in an underwritten offering but not to Registrable
Securities sold pursuant to such registration statement;
(b) all executive officers and directors of the Company holding
capital stock of the Company and all holders of more than 1% of the outstanding
capital stock of the Company enter into similar agreements;
(c) such agreement shall not apply to any shares of stock other
than those that are privately acquired; and
(d) any waiver or termination of such agreement as to a portion
of the shares of stock shall be applied pro-rata to all Holders.
12
In order to enforce the foregoing covenant, the Company shall have the
right to place restrictive legends on the certificates representing the shares
subject to this Section and to impose stop transfer instructions with respect to
the Registrable Securities and such other shares of stock of each Holder (and
the shares or securities of every other person subject to the foregoing
restriction) until the end of such period.
2.10 Rule 144 Reporting. With a view to making available the benefits
------------------
of certain rules and regulations of the Commission which may at any time permit
the sale of the Registrable Securities to the public without registration, after
such time as a public market exists for the Common Stock of the Company, the
Company agrees to:
(a) Make and keep public information available, as those terms
are understood and defined in Rule 144 under the Securities Act, at all times
after the effective date of the first registration under the Securities Act
filed by the Company for an offering of its securities to the general public;
(b) Use its best efforts to file with the Commission in a timely
manner all reports and other documents required of the Company under the
Securities Act and the 1934 Act (at any time after it has become subject to such
reporting requirements); and
(c) So long as any Holder owns any Registrable Securities, to
furnish to each such Holder forthwith upon request a written statement by the
Company as to its compliance with the reporting requirements of said Rule 144
(at any time after 90 days after the effective date of the first registration
statement filed by the Company for an offering of its securities to the general
public), and of the Securities Act and the 1934 Act (at any time after it has
become subject to the reporting requirements of the 1934 Act), a copy of the
most recent annual or quarterly report of the Company, and such other reports
and documents of the Company as a Holder may reasonably request in availing
itself of any rule or regulation of the Commission allowing a Holder to sell any
such securities without registration (at any time after the Company has become
subject to the reporting requirements of the 1934 Act).
2.11 Termination of the Company's Obligations. The Company shall have
----------------------------------------
no obligations pursuant to Sections 2.2 through 2.4 with respect to: (i) any
request or requests for registration made by any Holder on a date more than five
(5) years after the closing date of the Company's initial public offering; or
(ii) any Registrable Securities proposed to be sold by a Holder in a
registration pursuant to Section 2.2, 2.3 or 2.4 if, in the opinion of counsel
to the Company, all such Registrable Securities proposed to be sold by a Holder
may be sold in any and all three-month periods without registration under the
Securities Act pursuant to Rule 144 under the Securities Act.
2.12 Limitation on Subsequent Registration Rights. After the date of
--------------------------------------------
this Agreement, the Company shall not, without the prior written consent of the
Investors holding at least a majority of the Registrable Securities held by the
Investors, enter into any agreement with any holder or prospective holder of any
securities of the Company that would grant such holder registration rights on
par to or senior to those granted to the Investors hereunder.
13
3. RIGHT OF FIRST REFUSAL.
----------------------
3.1 General. Each holder of shares of Common Stock issued or
-------
issuable upon the conversion of any shares of Preferred Stock and any party to
whom such holder's rights under this Section 3 or Section 4 have been duly
assigned in accordance with Section 6.1(b) (each such holder or assignee being
----
hereinafter referred to as a "Rights Holder") has the right of first refusal to
-------------
purchase such Rights Holder's Pro Rata Share (as defined below), of all (or any
part) of any "New Securities" (as defined in Section 3.2) that the Company may
from time to time issue after the date of this Agreement. A Rights Holder's
"Pro Rata Share" for purposes of this right of first refusal and the right of
---------------
co-sale provided for in Section 4 is the ratio of (a) the number of Registrable
Securities as to which such Rights Holder is the Holder (and/or is deemed to be
the Holder under Section 2.1(d)), to (b) a number of shares of Common Stock of
the Company equal to the sum of (i) the total number of shares of Common Stock
of the Company then outstanding plus (ii) the total number of shares of Common
Stock of the Company into which all then outstanding shares of Preferred Stock
of the Company are then convertible plus (iii) the number of shares of Common
Stock of the Company subject to then outstanding options or outstanding
warrants.
3.2 New Securities. "New Securities" shall mean any Common Stock or
-------------- --------------
Preferred Stock of the Company, whether now authorized or not, and rights,
options or warrants to purchase such Common Stock or Preferred Stock, and
securities of any type whatsoever that are, or may become, convertible or
exchangeable into such Common Stock or Preferred Stock, whether with or without
consideration; provided, however, that the term "New Securities" does not
-------- ------- ---- ---
include:
-------
(i) any shares of the Company's Common Stock (and/or
options or warrants therefor) issued to employees, officers, directors,
contractors, advisors or consultants of the Company pursuant to incentive
agreements or plans unanimously approved by the Board of Directors of the
Company;
(ii) any shares of Series A Stock, Series B Stock, Series C
Stock, Series D Stock, Series E Stock or Series F Stock issued under the Series
A Agreement, Series B Agreement, Series C Agreement, Series D Agreement, Series
E Agreement or Series F Agreement, respectively, as such agreements may be
amended.
(iii) any securities issuable upon conversion of or with
respect to any then outstanding shares of Preferred Stock of the Company or
Common Stock or other securities issuable upon conversion thereof;
(iv) any shares of the Company's Common Stock or Preferred
Stock issued in connection with any stock split or stock dividend;
(v) any securities offered by the Company to the public
pursuant to a registration statement filed under the Securities Act;
(vi) any shares of the Company's Common Stock or Preferred
Stock (and/or options or warrants therefor) issued or issuable in connection
with key customer relationships of the Company or to parties providing the
Company with (and in connection with
14
such provision of) equipment leases, real property leases, loans, credit lines,
guaranties of indebtedness, cash price reductions or similar benefits with non-
financing purposes unanimously approved by the Board of Directors of the
Company;
(vii) any shares of the Company's Common Stock or Preferred
Stock (and/the options or warrants therefor) issued or issuable to (a)
Entrepreneurs Foundation pursuant to the Extricity Software, Inc. Warrant to
Purchase Common Stock, dated May 19, 1999, (b) Xxxxxxxx & Struggles pursuant to
the Warrant to Purchase 8,333 Shares of Common Stock of Extricity Software,
Inc., dated December 18, 1998, (c) Xxxx Xxxx Xxxx & Freidenrich pursuant to the
Extricity Software, Inc. Warrant to Purchase Common Stock, dated Xxxxx 00, 0000,
(x) Intel Corporation ("Intel") pursuant to the Warrant to Purchase Series C
-----
Preferred Stock of CrossRoute Software, Inc., dated April 24, 1998, (e)
Solectron Corporation pursuant to the Warrant to Purchase Series C Preferred
Stock of Extricity Software, Inc., dated April 21, 1999, and (f) Amkor
Technology, Inc. pursuant to the Extricity Software, Inc. Warrant to Purchase
Series E Preferred Stock, dated March 29, 2000 (collectively, the "Warrants,"
individually, a "Warrant").
(viii) securities issued pursuant to the acquisition of another
corporation or entity by the Company by consolidation, merger, purchase of all
or substantially all of the assets, or other reorganization (including a stock-
for-stock acquisition) in which the Company acquires, in a single transaction or
series of related transactions, all or substantially all of the assets of such
other corporation or entity or fifty percent (50%) or more of the voting power
of such other corporation or entity or fifty percent (50%) or more of the equity
ownership of such other entity.
3.3 Procedures. In the event that the Company proposes to undertake
----------
an issuance of New Securities, it shall give to each Rights Holder written
notice of its intention to issue New Securities (the "Notice"), describing the
------
type of New Securities and the price and the general terms upon which the
Company proposes to issue such New Securities. Each Rights Holder shall have
ten (10) days from the date of receiving any such Notice to agree in writing to
purchase such Rights Holder's Pro Rata Share of such New Securities for the
price and upon the general terms specified in the Notice by giving written
notice to the Company and stating therein the quantity of New Securities to be
purchased (not to exceed such Rights Holder's Pro Rata Share). If any Rights
Holder fails to so agree in writing within such ten (10) day period to purchase
such Rights Holder's full Pro Rata Share of an offering of New Securities (a
"Nonpurchasing Holder"), then such Nonpurchasing Holder shall forfeit the right
---------------------
hereunder to purchase that part of his Pro Rata Share of such New Securities
that he did not so agree to purchase and the Company shall promptly give each
Rights Holder who has timely agreed to purchase his full Pro Rata Share of such
offering of New Securities (a "Purchasing Holder") written notice of the failure
-----------------
of any Nonpurchasing Holder to purchase such Nonpurchasing Rights Holder's full
Pro Rata Share of such offering of New Securities (the "Overallotment Notice").
--------------------
Each Purchasing Holder shall have a right of overallotment such that such
Purchasing Holder may agree to purchase a portion of the Nonpurchasing Holders'
unpurchased Pro Rata Shares of such offering on a pro rata basis according to
the relative Pro Rata Shares of the Purchasing Rights Holders, at any time
within five (5) days after receiving the Overallotment Notice.
15
3.4 Failure to Exercise. In the event that the Rights Holders fail
-------------------
to exercise in full the right of first refusal within such ten (10) plus five
(5) day period, then the Company shall have 120 days thereafter to sell the New
Securities with respect to which the Rights Holders' rights of first refusal
hereunder were not exercised, at a price and upon general terms not materially
more favorable to the purchasers thereof than specified in the Company's Notice
to the Rights Holders. In the event that the Company has not issued and sold
the New Securities within such 120 day period, then the Company shall not
thereafter issue or sell any New Securities without again first offering such
New Securities to the Rights Holders pursuant to this Section 3.
3.5 Termination. This right of first refusal shall terminate (i)
-----------
immediately before the closing of the first underwritten sale of Common Stock of
the Company to the public pursuant to a registration statement filed with, and
declared effective by, the SEC under the Securities Act, covering the offer and
sale of Common Stock to the public at an offering price of at least $9.00 per
share (such offering price being subject to proportional adjustment to reflect
subdivisions, combinations, stock dividends and similar transactions affecting
the number of outstanding shares of Common Stock) for an aggregate gross public
offering price (calculated before deduction of underwriters' discounts and
commissions) of at least $25,000,000, or (ii) upon (a) the acquisition of all or
substantially all the assets of the Company or (b) an acquisition of the Company
by another corporation or entity by consolidation, merger or other
reorganization in which the holders of the Company's outstanding voting stock
immediately prior to such transaction own, immediately after such transaction,
securities representing less than fifty percent (50%) or more of the voting
power of the corporation or other entity surviving such transaction.
3.6 Waiver of Right of First Refusal. The undersigned Prior
--------------------------------
Investors understand and agree that while Section 3 of the Prior Rights
Agreement gives them (and other persons holding Series A Stock, Series B Stock,
Series C Stock, Series D Stock and Series E Stock) the right to purchase their
respective Pro Rata Shares (as such term is defined in the Prior Rights
Agreement) of the Series F Stock to be sold and issued by the Company, they will
instead be given the right to purchase the amounts of Series F Stock indicated
in Exhibit A hereto. To the extent that the Pro Rata Share (as such term is
---------
defined in the Prior Rights Agreement) of any Prior Investor (and any other
person holding Series A Stock, Series B Stock, Series C Stock, Series D Stock or
Series E Stock) exceeds the amount indicated in Exhibit A, the Prior Investors
---------
hereby waive all rights of first refusal under Section 3 of the Prior Rights
Agreement with respect to sale and issuance by the Company of the Series F Stock
(and any Common Stock issuable upon the conversion thereof). The Prior
Investors also hereby waive any notice period required under Section 3 of the
Prior Rights Agreement with respect to sale and issuance by the Company of the
Series F Stock (and any Common Stock issuable upon the conversion thereof).
4. RIGHT OF CO-SALE.
----------------
4.1 General. No Shareholder may sell, assign or transfer any of the
-------
Shareholders' Shares which have not been elected to be purchased by the Company
pursuant to a right of first refusal held by the Company until each Rights
Holder shall have been given the opportunity, exercisable within ten (10) days
from the date of receiving written notice from the Shareholder of the proposed
sale, assignment or transfer (such notice to include the price and
16
general terms of such proposed sale, assignment or transfer), to sell to the
proposed transferee or transferees, upon the same terms and conditions offered
to or by the Shareholder, its Pro Rata Share of the shares proposed to be sold,
assigned or transferred. Any Rights Holder who fails to notify the Shareholder
within (10) days after receiving the written notice from the Shareholder that
this co-sale right is being exercised shall be deemed to have waived its rights
under this Section 4 with respect to such proposed sale, assignment or transfer.
Any sale, assignment or transfer made pursuant to this Section 4 shall be
consummated within ninety (90) days of the date of receiving the notice given
pursuant to this Section and shall be conditioned upon the agreement of the
proposed transferee or transferees that such proposed transferee or transferees
will purchase each electing Rights Holder's Pro Rata Share of the shares
proposed to be sold.
4.2 Termination. This right of co-sale shall terminate (i)
-----------
immediately before the closing of the first underwritten sale of Common Stock of
the Company to the public pursuant to a registration statement filed with, and
declared effective by, the SEC under the Securities Act, covering the offer and
sale of Common Stock to the public at an offering price of at least $9.00 per
share (such offering price being subject to proportional adjustment to reflect
subdivisions, combinations, stock dividends and similar transactions affecting
the number of outstanding shares of Common Stock) for an aggregate gross public
offering price (calculated before deduction of underwriters' discounts and
commissions) of at least $25,000,000, or (ii) upon (a) the acquisition of all or
substantially all the assets of the Company or (b) an acquisition of the Company
by another corporation or entity by consolidation, merger or other
reorganization in which the holders of the Company's outstanding voting stock
immediately prior to such transaction own, immediately after such transaction,
securities representing less than fifty percent (50%) or more of the voting
power of the corporation or other entity surviving such transaction.
5. PREFERRED RIGHT OF FIRST REFUSAL AND RIGHT OF CO-SALE.
-----------------------------------------------------
5.1 Right of First Refusal. (a) Each holder of shares of Common
----------------------
Stock issued or issuable upon the conversion of any shares of Series C Stock,
Series D Stock, Series E Stock and Series F Stock and any party to whom such
holder's rights under this Section 5 have been duly assigned in accordance with
Section 6.1(b) (each such holder or assignee being hereinafter referred to as a
----
"Special Rights Holder") has the right of first refusal to purchase such Special
---------------------
Rights Holder's Special Pro Rata Share (as defined below), of all (or any part)
of any "Special Preferred Sale" (as defined below) from time to time after the
date of this Agreement. A Special Rights Holder's "Special Pro Rata Share" for
----------------------
purposes of this right of first refusal and the right of co-sale provided for in
Section 5.2 is the ratio of (a) the number of Registrable Securities issued or
issuable upon conversion of Series C Stock, Series D Stock, Series E Stock or
Series F Stock as to which such Special Rights Holder is the Holder (and/or is
deemed to be the Holder under Section 2.1(d)), to (b) a number of shares of
Common Stock of the Company equal to the sum of (i) the total number of shares
of Common Stock of the Company then outstanding plus (ii) the total number of
shares of Common Stock of the Company into which all then outstanding shares of
Preferred Stock of the Company are then convertible plus (iii) the number of
shares of Common Stock of the Company subject to then outstanding options or
outstanding warrants. "Special Preferred Sale" for purposes of this right of
----------------------
first refusal and the right of co-sale provided for in Section 5.2 shall mean
the sale, assignment or transfer (other than to an affiliate, including without
limitation, a partner, shareholder or member, that agrees in writing to be
17
subject to the terms of this Section 5.1 to the same extent as if such affiliate
were an original party hereunder) of any shares of any series of Preferred Stock
by any Holder of such Preferred Stock who is listed on Exhibit 5.1 hereto (such
-----------
Exhibit 5.1 representing the Holders of Preferred Stock who hold in the
-----------
aggregate, together with their affiliates, five (5) percent or more of the total
outstanding Preferred Stock of the Company, and each such Holder referred to
hereinafter as a "Special Preferred Holder").
------------------------
(b) Procedures. In the event that any Special Preferred Holder
----------
proposes to undertake a Special Preferred Sale, it shall give to each Special
Rights Holder written notice of its intention to undertake a Special Preferred
Sale (the "Special Notice"), describing the series of Preferred Stock and the
--------------
price and the general terms upon which such Special Preferred Holder proposes to
undertake such Special Preferred Sale. Each Special Rights Holder shall have
ten (10) days from the date of receiving any such Special Notice to agree in
writing to purchase such Special Rights Holder's Special Pro Rata Share of such
Special Preferred Sale shares for the price and upon the general terms specified
in the Special Notice by giving written notice to the Special Preferred Holder
and stating therein the quantity of shares of such Special Preferred Sale to be
purchased (not to exceed such Special Rights Holder's Special Pro Rata Share).
If any Special Rights Holder fails to so agree in writing within such ten (10)
day period to purchase such Special Rights Holder's full Special Pro Rata Share
of a Special Preferred Sale, then such Special Rights Holder shall forfeit the
right hereunder to purchase that part of his Special Pro Rata Share of such
Special Preferred Sale that he did not so agree to purchase.
5.2 Right of Co-Sale. In the event that any Special Rights Holder
----------------
timely waives its right of first refusal set forth in Section 5.1 in its
entirety, such Special Rights Holder shall be given the opportunity, exercisable
within ten (10) days from the date of the Special Notice, without requiring
further notice to such Special Rights Holder, to sell to the proposed transferee
or transferees, upon the same terms and conditions offered to or by the Special
Preferred Holder, its Special Pro Rata Share of the Special Preferred Sale
shares proposed to be sold, assigned or transferred. Any Special Rights Holder
who fails to notify the Special Preferred Holder within (10) days after
receiving the Special Notice from the Special Preferred Holder that this co-sale
right is being exercised shall be deemed to have waived its rights under this
Section 5.2 with respect to such proposed sale, assignment or transfer. Any
sale, assignment or transfer made pursuant to this Section 5.2 shall be
consummated within ninety (90) days of the date of receiving the notice given
pursuant to this Section and shall be conditioned upon the agreement of the
proposed transferee or transferees that such proposed transferee or transferees
will purchase each electing Special Rights Holder's Special Pro Rata Share of
the shares proposed to be sold.
5.3 Failure to Exercise. In the event that the Special Rights
-------------------
Holders fail to exercise in full the right of first refusal and/or right of co-
sale within such ten (10) day period, then the Special Preferred Holder shall be
free thereafter to undertake the Special Preferred Sale with respect to the
shares which the Special Rights Holders' rights of first refusal and/or rights
of co-sale under this Section 5 were not exercised, at a price and upon general
terms not materially more favorable to the purchasers thereof than specified in
the Special Notice to the Special Rights Holders.
18
5.4 Termination. The right of first refusal and the right of co-sale
-----------
set forth in this Section 5 shall not apply to and shall terminate (i)
immediately before the closing of the first underwritten sale of Common Stock of
the Company to the public pursuant to a registration statement filed with, and
declared effective by, the SEC under the Securities Act, covering the offer and
sale of Common Stock to the public at an offering price of at least $9.00 per
share (such offering price being subject to proportional adjustment to reflect
subdivisions, combinations, stock dividends and similar transactions affecting
the number of outstanding shares of Common Stock) for an aggregate gross public
offering price (calculated before deduction of underwriters' discounts and
commissions) of at least $25,000,000, or (ii) upon (a) the acquisition of all or
substantially all the assets of the Company or (b) an acquisition of the Company
by another corporation or entity by consolidation, merger or other
reorganization in which the holders of the Company's outstanding voting stock
immediately prior to such transaction own, immediately after such transaction,
securities representing less than fifty percent (50%) or more of the voting
power of the corporation or other entity surviving such transaction.
6. ASSIGNMENT AND AMENDMENT.
------------------------
6.1 Assignment. Notwithstanding anything herein to the contrary:
----------
(a) Information and Inspection Rights. The rights of an
---------------------------------
Investor under Section 1.1 or 1.2 hereof may be assigned only to a party who
acquires from an Investor (or an Investor's permitted assigns) at least that
number of shares of Preferred Stock and/or an equivalent number (on an as-
converted basis) of shares of Conversion Stock described in Section 1.1 or 1.2
hereof, respectively.
(b) Registration Rights; Refusal Rights; Co-Sale Rights. The
---------------------------------------------------
registration rights of a Holder under Section 2 hereof, the rights of first
refusal of a Rights Holder under Section 3 hereof, the rights of co-sale of a
Rights Holder under Section 4, and the rights of first refusal and rights of co-
sale of a Special Rights Holder under Section 5 hereof may be assigned only to
(i) a party who acquires at least 250,000 shares of Registrable Securities or
(ii) (A) a shareholder, affiliate, partner, member, or beneficiary of such
Holder or Rights Holder (or permitted assignee); (B) a spouse or children of a
shareholder, partner, affiliate, member, or beneficiary of a Holder or Rights
Holder (or permitted assignee); (C) a trust for the benefit of the persons set
forth in (A) or (B) or for the issue of the persons set forth in (A) or (B); and
(D) an entity (corporation, partnership, limited liability company or other
juridical entity) of which at least 75 percent in interest is owned or
controlled, directly or indirectly through other entities, by one or more of the
persons set forth in (A), (B), or (C); provided, however that no party may be
-------- -------
assigned any of the foregoing rights unless the Company is given written notice
by the assigning party at the time of such assignment stating the name and
address of the assignee and identifying the securities of the Company as to
which the rights in question are being assigned; and provided further that any
-------- -------
such assignee shall receive such assigned rights subject to all the terms and
conditions of this Agreement, including without limitation the provisions of
this Section 6.
6.2 Amendment of Rights. Subject to Section 6.3, any provision of
-------------------
this Agreement may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the
19
Company and Investors (and/or any of their permitted successors or assigns)
holding shares of Preferred Stock and/or Conversion Stock representing and/or
convertible into a majority of all the Investors' Shares (as defined below);
provided, however, that the piggyback registration rights granted to the
-------- -------
Shareholders under Section 2 of this Agreement may not be eliminated or
materially and adversely changed without the written consent of persons holding
a majority of the Shareholders' Shares; and provided, further, that the grant to
-------- -------
third parties of piggyback registration rights on a pari passu basis with the
piggyback registration rights of the Shareholders' Shares under Section 2.3
shall not be deemed to be a material and adverse change to the piggyback
registration rights of the Shareholders under this Agreement. As used herein,
the term "Investors' Shares" shall mean the shares of Common Stock then issuable
-----------------
upon conversion of all then outstanding shares of Preferred Stock plus all then
outstanding shares of Conversion Stock that were issued upon the conversion of
any shares of Preferred Stock. Any amendment or waiver effected in accordance
with this Section 6.2 shall be binding upon each Investor, each Holder, each
permitted successor or assignee of such Investor or Holder and the Company.
6.3 New Investors. Notwithstanding anything herein to the contrary,
-------------
if pursuant to Section 2.2 of the Series F Agreement, additional parties may
purchase shares of Series F Stock as "New Investors" thereunder, then each such
New Investor shall become a party to this Agreement as an "Investor" hereunder,
without the need for any consent, approval or signature of any Investor when
such New Investor has both: (i) purchased shares of Series F Stock under the
Series F Agreement and paid the Company all consideration payable for such
shares and (ii) executed one or more counterpart signature pages to this
Agreement as an "Investor", with the Company's consent.
7. VOTING.
------
7.1 Common Stock Directors. The Shareholders agree to vote their
----------------------
shares of Common Stock so that one of the two directors elected by the Common
Stock (the "Independent Director") is an individual not employed by or providing
--------------------
consulting services to the Company, and who is reasonably satisfactory (as
provided below) to the Preferred Directors (as defined below) or to the
Investors holding two-thirds of the outstanding shares of Series A Stock and
Series B Stock. The Shareholders shall notify the directors elected by holders
of Preferred Stock of the Company ("Preferred Directors") of the individual
-------------------
designated by the Shareholders as the Independent Director, who will be elected
if the Preferred Directors do not object to such designation within 10 days
after receipt of such notice. If the Preferred Directors object in writing,
then the Shareholders shall either propose a new Independent Director or shall
submit their proposal to a vote of the Investors. This procedure shall be
repeated until an Independent Director is selected. Replacement of the
Independent Director shall conform to this procedure and Article VI, Section 4.4
of the Company's Articles of Incorporation.
7.2 Series C/D/E/F Nominee. The Series C Investors, Series D
----------------------
Investors, Series E Investors and Series F Investors, voting together as a
single class, shall be entitled to elect one (1) director of the Company (the
"Series C/D/E/F Nominee"). Any replacement of the Series C/D/E/F Nominee shall
----------------------
conform to this Section 7.2 and Article VI, Section 4.4 of the Company's
Articles of Incorporation.
20
8. GENERAL PROVISIONS.
------------------
8.1 Notices. Any notice, request or other communication required or
-------
permitted hereunder shall be in writing and shall be deemed to have been duly
given (i) when sent by confirmed facsimile, (ii) upon personal delivery or (iii)
if deposited in the U.S. mail by registered or certified mail, return receipt
requested, postage prepaid, or with a commercial overnight carrier as follows:
(a) if to an Investor, at such Investor's respective address as
set forth on Exhibit A hereto.
---------
(b) if to the Company, at 000 Xxxx Xxxxxxx Xxxxx, Xxxxx 000,
Xxxxxxx Xxxxxx, Xxxxxxxxxx 00000.
(c) if to a Shareholder, at such Shareholder's address as set
forth on Exhibit B hereto.
---------
Any party hereto (and such party's permitted assigns) may by notice so given
change its address for future notices hereunder. Notice shall conclusively be
deemed to have been given when sent by confirmed facsimile, when personally
delivered or when deposited in the mail in the manner set forth above.
8.2 Entire Agreement. This Agreement, together with all the Exhibits
----------------
hereto, constitutes and contains the entire agreement and understanding of the
parties with respect to the subject matter hereof and supersedes the Prior
Rights Agreement and any and all prior negotiations, correspondence, agreements,
understandings, duties or obligations between the parties respecting the subject
matter hereof. This Agreement will amend and restate the Prior Rights Agreement
to read as set forth herein, when it has been duly executed by parties having
the right to so amend and restate the Prior Rights Agreement.
8.3 Governing Law. This Agreement shall be governed by and construed
-------------
exclusively in accordance with the internal laws of the State of California as
applied to agreements among California residents entered into and to be
performed entirely within California, excluding that body of law relating to
conflict of laws and choice of law.
8.4 Severability. If one or more provisions of this Agreement are
------------
held to be unenforceable under applicable law, then such provision(s) shall be
excluded from this Agreement and the balance of this Agreement shall be
interpreted as if such provision(s) were so excluded and shall be enforceable in
accordance with its terms.
8.5 Third Parties. Nothing in this Agreement, express or implied, is
-------------
intended to confer upon any person, other than the parties hereto and their
successors and assigns, any rights or remedies under or by reason of this
Agreement.
8.6 Successors And Assigns. Subject to the provisions of Section
----------------------
6.1, the provisions of this Agreement shall inure to the benefit of, and shall
be binding upon, the successors and permitted assigns of the parties hereto.
21
8.7 Captions. The captions to sections of this Agreement have been
--------
inserted for identification and reference purposes only and shall not be used to
construe or interpret this Agreement.
8.8 Counterparts. This Agreement may be executed in counterparts,
------------
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
8.9 Costs And Attorneys' Fees. In the event that any action, suit or
-------------------------
other proceeding is instituted concerning or arising out of this Agreement or
any transaction contemplated hereunder, the prevailing party shall recover all
of such party's costs and attorneys' fees incurred in each such action, suit or
other proceeding, including any and all appeals or petitions therefrom.
8.10 Adjustments for Stock Splits, Etc. Wherever in this Agreement
---------------------------------
there is a reference to a specific number of shares of Common Stock or Preferred
Stock of the Company of any class or series, then, upon the occurrence of any
subdivision, combination or stock dividend of such class or series of stock, the
specific number of shares so referenced in this Agreement shall automatically be
proportionally adjusted to reflect the affect on the outstanding shares of such
class or series of stock by such subdivision, combination or stock dividend.
8.11 Aggregation of Stock. All shares held or acquired by affiliated
--------------------
entities or persons shall be aggregated together for the purpose of determining
the availability of any rights under this Agreement.
8.12 Prior Rights Agreement Superseded. Pursuant to Section 6.2 of
---------------------------------
the Prior Rights Agreement, the undersigned parties who are parties to such
Prior Rights Agreement hereby amend and restate the Prior Rights Agreement to
read in its entirety as set forth in this Agreement, all with the intent and
effect that the Prior Rights Agreement shall hereby be entirely replaced and
superseded by this Agreement, which shall be binding on all Prior Investors
whether or not they sign this Agreement.
8.13 Confidentiality and Non-Disclosure.
----------------------------------
(a) Disclosure of Terms. The terms and conditions of Intel's
-------------------
participation in this Agreement, the Series C Agreement, the Series D Agreement,
the Series E Agreement, the Series F Agreement and the Warrant and the terms and
conditions of the participation of SAP AG, and its affiliates (collectively,
"SAP") in this Agreement, the Series C Agreement, the Series E Agreement, and
the Series F Agreement (collectively referred to hereinafter as the respective
"Financing Terms" of the applicable party) shall be considered confidential
information and shall not be disclosed by any party hereto to any third party
except in accordance with the provisions set forth below.
(b) Press Releases, Etc. Within sixty (60) days of the
-------------------
Closing, the Company may issue a press release in the form provided by Intel
disclosing that Intel has invested in the Company; provided that the release
does not disclose any of the Financing Terms and the final form of the press
release is approved in advance in writing by Intel. No other announcement
regarding Intel and/or SAP in a press release, conference, advertisement,
22
announcement, professional or trade publication, mass marketing materials or
otherwise to the general public may be made without the prior written consent of
Intel or SAP, as the case may be.
(c) Permitted Disclosures. Notwithstanding the foregoing, (i)
---------------------
any party may disclose any of the Financing Terms to its current or bona fide
prospective investors, employees, investment bankers, lenders, accountants and
attorneys, in each case only where such persons or entities are under
appropriate nondisclosure obligations; (ii) any party may disclose (other than
in a press release or other public announcement described in subsection (b))
solely the fact that Intel and/or SAP is an investor in the Company to any third
parties without the requirement for the consent of any other party or
nondisclosure obligations; and (iii) Intel and/or SAP may disclose its
respective investment in the Company and the Financing Terms to third parties or
to the public at its sole discretion and, if it does so, the other parties
hereto shall have the right to disclose to third parties any such information
disclosed in a press release or other public announcement by Intel and/or SAP,
as the case may be.
(d) Legally Compelled Disclosure. In the event that the
----------------------------
Company is requested or becomes legally compelled (including without limitation,
pursuant to securities laws and regulations) to disclose Intel's and/or SAP's
participation in this Agreement, the Series C Agreement, the Series D Agreement,
the Series E Agreement, the Series F Agreement and/or the Warrant and/or any of
the Financing Terms hereof in contravention of the provisions of this Section
8.13, the Company shall provide Intel and/or SAP, as the case may be, with
prompt written notice of that fact so that Intel and/or SAP, as the case may be,
may seek (with the cooperation and reasonable efforts of the Company) a
protective order, confidential treatment or other appropriate remedy. In such
event, the Company shall furnish only that portion of the information which is
legally required and shall exercise reasonable efforts to obtain reliable
assurance that confidential treatment will be accorded such information to the
extent reasonably requested by Intel and/ or SAP, as the case may be.
(e) Other Information. The provisions of this Section 8.13
-----------------
shall be in addition to, and not in substitution for, the provisions of any
separate nondisclosure agreement executed by any of the parties hereto with
respect to the transactions contemplated hereby. Additional disclosures and
exchange of confidential information between the Company and Intel (including
without limitation, any exchanges of information with any Intel board observer)
shall be governed by the terms of the Corporate Non-Disclosure Agreement No.
115010, dated June 2, 1998, executed by the Company and Intel, and any
Confidential Information Transmittal Records provided in connection therewith.
(f) All notices required under this Section 8.13 shall be made
pursuant to Section 8.1 hereof.
(g) Notwithstanding anything herein to the contrary, this
Section 8.13 shall not be binding upon Intel 64 Fund, LLC.
[THE REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK]
23
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date and year first above written.
THE COMPANY:
-----------
Extricity, Inc.,
a California corporation
By: __________________________________
Xxxxx X. Xxxxx, President
THE SHAREHOLDERS:
----------------
By: __________________________________
The Xxxxxxx Xxxx Trust dated December 3, 1980
By: __________________________________
Xxxxxxx Xxxx, Trustee of the Xxxx ACD
Irrevocable Trust
By: __________________________________
Xxxxxxx Xxxx, Trustee of the Xxxx BMR
Irrevocable Trust dated August 13, 1997
By: __________________________________
Xxxxxxx Xxxx, Trustee of the Xxxx EAR
Irrevocable Trust dated July 29, 1999
By: __________________________________
Xxxxxxx X. Xxxxx
By: __________________________________
Xxxxxxxx Xxxxx
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS'RIGHTS AGREEMENT]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date and year first above written.
THE COMPANY:
-----------
Extricity, Inc.,
a California corporation
By: _________________________
Xxxxx X. Xxxxx, President
THE INVESTORS:
-------------
Charter Growth Capital II, L.P. Broadview Capital Partners Qualified
Purchaser Fund, L.P.
By: CGC Partners II
By: Broadview Capital Partners
Management LLC
By: __________________________________ Its: General Partner
Xxxxxx X. Xxxxxxx, General Partner
By:______________________________
Name:____________________________
Title: Member
CGC Investors II QP, L.P. Broadview Capital Partners, L.P.
By: CGC Partners II
By: Broadview Capital Partners
Management LLC
Its: General Partner
By: __________________________________ By:______________________________
Xxxxxx X. Xxxxxxx, General Partner Name:____________________________
Title: Member
CGC Investors II A, L.P. Broadview Capital Partners
Affiliates Fund, LLC
By: CGC Partners II
By: Broadview Capital Partners
Management LLC
Its: Manager
By: __________________________________ By: _____________________________
Xxxxxx X. Xxxxxxx, General Partner Name:____________________________
Title: Member
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
AspenTech Broadview BCPSBS Fund, L.P.
By:_____________________________ By: Broadview Capital Partners
Title: Member, General Partner Management LLC
-----------------------
Its: Manager
By:______________________________
Name:____________________________
Title: Member
WingSpring
By:______________________________ By: ______________________________
Title: Member, General Partner ________________, individual
-----------------------
Manugistics
By:______________________________
Title: Member, General Partner
-----------------------
Xxxxxxxxx, Xxxxxxxx
By:______________________________
Title: Member, General Partner
-----------------------
GCWF Investment Partners II
By GCWF Investments LLC, Managing Partner
By: Xxxxxxx X. Xxxxx, President & CFO
_________________________________
TCV IV, L.P.
a Delaware Limited Partnership
By: Technology Crossover
Management IV, L.L.C.,
Its: General Partner
By:______________________________
Name: Xxxxx X. Xxxxxx
Title: Attorney in Fact
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Bay Partners SBIC, L.P. RRE Investors Fund, L.P.
By: Bay Management Company 1995, its General By: __________________________
Partner Title: Member, General Partner
-----------------------
By: ________________________________________
___________________, General Partner
Xxxxx Xxxxxxx Technology Capital SBIC, L.P. Bay Partners LS Fund, L.P.
By: Piper Ventures Capital, Inc., By:___________________________
its General Partner Name:_________________________
Title:________________________
By: ________________________________________
Xxxx X. Xxxxxx
Vice President
Vector Capital, L.P. Telos Venture Partners, L.P.
By: Vector Capital Partners, LLC By: __________________________
Xxxxx X. Bourbon, General
Partner
By: ________________________________________
Xxxxxxxxx X. Xxxxxx, Managing Member
Xxxxxx. C Hichens RRE Investors Fund, L.P.
____________________________________________ By:___________________________
Title: Member, General Partner
-----------------------
Liberty Environmental
Partners, L.P.
By: __________________________
Name: __________________,
General Partner
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Xxxxxxx X. Xxxxxxxx
___________________________________
Brendan Xxxxxx Xxxxxx, Trustee of the Brendan Xxxxxx Xxxxxx and Xxxxxx X.
Xxxxxx Xxxx Xxxxxx Trust U/D/T dated Xxxxxx, Trustees of the
2/20/97 Xxxxxx Family Trust U/T/D
dated January 31, 1996
By: _________________________________ By: ________________________________
X. X. Xxxxxx, Trustee X. X. Xxxxxx, Trustee
Saint Xxxxxxx Growth Fund Saint Mary's College of California
By:__________________________________ By: ________________________________
Title:_______________________________ Title: _____________________________
Stanford University Eagle Ventures II, LLC
By: _________________________________ By: ________________________________
Title: ______________________________ R. Xxxxx Xxxxxx, President
Crescendo II, L.P. Xxxxxx X. Xxxxxx
By: ________________, its General ___________________________________
Partner
By: _________________________________
R. Xxxxx Xxxxxx, President
Xxx Xxxxxxx Xxxxx X. Xxxxxxxxxx
_____________________________________ ___________________________________
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Xxx Xxxxxxxx Xxxxxx X. Down
_______________________________ __________________________________
Xxxxx X. Xxxxxx Xxxxxxx X. Xxxxxx & Xxxx Xxxxxx TTEEs,
Xxxxxxx and Xxxx Xxxxxx Trust I dtd
10/23/89
By:___________________________________
Title:________________________________
_______________________________
Xxxx X. Xxxx Xxxxxx X. Xxxxx, SUCC TTEE Xxxxxx X.
Xxxxx Profit Sharing Trust DTD 1/1/84
By:___________________________________
Title:________________________________
Xxxxxxx X. Xxxxx Cancer Foundation Motete Corporation
By:____________________________ By:___________________________________
Title:_________________________ Title:________________________________
Xxxxxxx Xxxxx Xxxx Xxxx
_______________________________ ______________________________________
Royal Xxxxx Investment Group RWI Group II, L.P.
By:____________________________ By:___________________________________
Xxxxxx X. Xxxxx, General Partner Xxxxxx X. Xxxxx, General Partner
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Sand Hill Financial Company Xxxxxxx X. Xxxxxxx
By:____________________________ ___________________________________
Title:_________________________
F & W Investments 1996 F & W Investments 1996 - II
By:____________________________ By:________________________________
Title:_________________________ Title:_____________________________
F & W Investments 1997 F & W Investments 2000
By:____________________________ By:________________________________
Title:_________________________ Title:_____________________________
WS Investments 96A WS Investments 97A
By:____________________________ By:________________________________
Title:_________________________ Title:_____________________________
WS Investments 98A
By:____________________________
Title:_________________________
Xxxxx Xxxx Xxxxxx Xxxx
_______________________________ ___________________________________
Xxxxxxxxx Xxxx Xxxxx Xxxx
_______________________________ ___________________________________
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Xxxx X. Xxxxxxxx Xxxxxx X. Xxxxxxxxx and Xxxxxx X.
Xxxxxxxxx as Trustees of the Xxx X.
_________________________________ Xxxxxxxxx Technology Trust
By:_________________________________
Title:______________________________
Xxxx Xxxxx Xxxxx & Xxxxx Xxxx, Xxxxx X. Xxxxxxxxx
Community Property
By:______________________________ ____________________________________
Title:___________________________
Xxxxx Xxxxx and Xxxxxxxx Xxxxxxx Xxxxx, Xxx Xxxxxxx
Trustees of the Xxxxx 1995 Revocable Trust
By:______________________________ ____________________________________
Title:___________________________
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
Intel 64 Fund, LLC Intel Corporation
By: Intel 64 Fund Operations, Inc.,
its Coordinating Member By:_____________________________________________________________
Name:___________________________________________________________
Title:__________________________________________________________
By:_____________________________________________
Xxxxxx Xxxxxxx
Vice President and Treasurer
Chancellor Private Capital Partners III, L.P. Citiventure 96 Partnership, L.P.
By: CPCP Associates, L.P., its General Partner By: INVESCO Private Capital, Inc., as
By: INVESCO Private Capital, Inc., its General Partner Investment Advisor and Attorney-in-Fact
By:_________________________________________________ By:________________________________________________________________
Name:___________________________________________ Name:___________________________________________________________
Title:__________________________________________ Title:__________________________________________________________
Chancellor Private Capital Offshore Partners II, X.X. Xxxxxxxxxx Private Capital Offshore Partners I, C V
By: CPCO Associates, L.P., its Investment General Partner By: Chancellor KME IV, L.P., its Investment General Partner
By: INVESCO Private Capital, Inc., its General Partner By: INVESCO Private Capital, Inc., its General Partner
By:__________________________________________________ By:________________________________________________________________
Name:____________________________________________ Name:___________________________________________________________
Title:___________________________________________ Title:__________________________________________________________
Cambridge Technology Capital SAP America, Inc.
By:______________________________________________
Name:____________________________________________ By:_____________________________________________________________
Title:___________________________________________ Name:___________________________________________________________
Title:__________________________________________________________
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
THE SHAREHOLDERS:
----------------
The Xxxxxxx Xxxx Trust dated Xxxxxxx Xxxx, Trustee of the Xxxx ACD
December 3, 1980 Irrevocable Trust
By:___________________________________ By:__________________________________
Xxxxxxx Xxxx, Trustee Xxxxxxx Xxxx, Trustee
Xxxxxxx Xxxx, Trustee of the Xxxx BMR Xxxxxxx Xxxx, Trustee of the Xxxx EAR
Irrevocable Trust dated August 13, 1997 Irrevocable Trust dated July 29, 1999
By:___________________________________ By:__________________________________
Xxxxxxx Xxxx, Trustee Xxxxxxx Xxxx, Trustee
Xxxxxxx X. Xxxxx Xxxxxxxx X. Xxxxx
______________________________________ _____________________________________
[SIGNATURE PAGE TO EXTRICITY, INC.
FIFTH RESTATED INVESTORS' RIGHTS AGREEMENT]
EXHIBIT A
[SUBJECT TO REVISION]
List of Investors
-----------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ----------- ---------- ---------- ---------- ------------
Charter Growth Capital II, L.P. 0 0 0 0 0 1,767,442
000 Xxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx@xxxxxxxxxxxxxxx.xxx
--------------------------
CGC Investors II QP, L.P. 0 0 0 0 0 69,767
000 Xxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
CGC Investors II A, L.P. 0 0 0 0 0 23,256
000 Xxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Broadview Capital Partners 0 0 0 0 0 1,290,520
Qualified Purchaser Fund, L.P.
000 Xxxxx Xxxx, 00xx Xxxxx
Xxxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email:
xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx
------------------------------
xxxxxxx@xxxxxxxxxxxxxxxx.xxx
----------------------------
xxxxxxxx@xxxxxxxxxxxxxxxx.xxx
Broadview Capital Partners, L.P. 0 0 0 0 0 178,317
000 Xxxxx Xxxx, 00xx Xxxxx
Xxxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ---------- ---------- ---------- ----------- ----------
Broadview Capital Partners 0 0 0 0 0 71,705
Affiliates Fund, LLC
000 Xxxxx Xxxx, 00xx Xxxxx
Xxxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Broadview BCPSBS Fund, L.P. 0 0 0 0 0 9,845
000 Xxxxx Xxxx, 00xx Xxxxx
Xxxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
AspenTech 0 0 0 0 0 310,077
____________________________________
____________________________________
____________________________________
Email: xxxx.xxxxxxx@xxxxxxxxx.xxx
--------------------------
xxxxx_xxxxx@xxxxxxxxx.xxx
WingSpring, L.L.C. 0 0 0 0 0 155,039
0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Attn: Xxxxxxx X. Xxxxx
Email: xxxx@xxxxxxxxxx.xxx
-------------------
Manugistics 0 0 0 0 0 155,039
____________________________________
____________________________________
____________________________________
Email: xxxxxxx@xxxx.xxx
----------------------------
GCWF Investment Partners II 0 0 0 0 0 7,752
000 Xxxxxxxx Xxxxxx
Xxxx Xxxx, XX 00000-0000
Tel: 000-000-0000
Fax: 000-000-0000
Attn: Xxxxx Xxxx
Email: xxxxx@xxxxxxxx.xxx
------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ---------- ---------- ---------- ---------- ----------
TCV IV, L.P. 0 0 0 0 0 1,079,884
Technology Crossover Ventures
000 Xxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Attn: Xxxxx X. Xxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxx@xxx.xxx
----------------
xxxxxxx@xxx.xxx
---------------
with a copy to:
Technology Crossover Ventures
00 Xxxx Xxxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
Attn: Xxxxxx X. Xxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
XXX Xxxxxxxxx, X.X. 0 0 402,826 87,301 62,571 0
000 Xxxx 00/xx/ Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxx@xxx.xxx
RRE Investors Fund, L.P. 0 0 221,774 48,063 34,448
P. O. Box 31106 SMB
West Bay Road, Grand Cayman
Cayman Islands, B.W.I.
Fax: 000-000-0000
Bay Partners SBIC, L.P. 800,000 327,273 131,791 87,812 161,355 264,900
00000 Xx. XxXxxx Xxxx.
Xxxxx 000
Xxxxxxxxx, XX 00000-0000
Attn: Xxxx Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxx@xxxxxxxxxxx.xxx
-------------------
xxxx@xxxxxxxxxxx.xxx
--------------------
Bay Partners LS Fund, L.P. 0 0 0 0 1,018,330 0
00000 Xx. XxXxxx Xxxx., Xxxxx 000
Xxxxxxxxx, XX 00000-0000
Attn: Xxxx Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------- ---------- ---------- ----------- -----------
Telos Venture Partners, L.P. 800,000 327,273 131,791 87,812 161,355 195,258
0000 Xxxxxxx Xxxxxxx Xxxx.,
Xxxxx 0000
Xxxxx Xxxxx, XX 00000
Attn: Xxxxx Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxxx@xxxxxxx.xxx
-------------------
xxxxxxx@xxxxxxx.xxx
-------------------
Vector Capital, L.P. 250,000 72,727 37,730 25,140 46,194 55,900
c/o Vector Capital Partners, LLC -
General Partner
Attn: Xxxx Xxxxxx
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxx@xxxxxxxxxxxxx.xxx
-----------------------
Xxxxx Xxxxxxx Technology Capital 0 500,000 58,456 38,949 19,756 0
SBIC, L.P.
Attn: Marco Demiros
0000 Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxxx@xxx.xxx
----------------
xxxxxxx@xxx.xxx (Asst.)
---------------
Liberty Environmental Partners, L.P. 0 54,545 6,377 4,249 0 0
220 Xxxxxxxxxx Street, Penthouse 10
Xxx Xxxxxxxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
Email:
xxxxxx.x.xxxxxxx@xx.xxxxxxxxx.xxx
---------------------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------ ---------- ---------- ----------- ------------
Xxxxxx X. Xxxxxxx 0 0 0 0 4,344 9,448
0 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email:
xxxxxx.x.xxxxxxx@xx.xxxxxxxxx.xxx
---------------------------------
Xxxxxxx X. Xxxxxxxx 0 0 0 0 3,462 0
000 Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxxxx@xxxxxxx.xxx
----------------------
Brendan Xxxxxx Xxxxxx Trustee of 25,000 8,635 3,932 2,620 4,814 5,826
the Xxxxxx Xxxx Xxxxxx Trust U/D/T
dated 2/20/97
0000 Xxxx Xxxx Xxxx, Xxxxx 0-000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxxx@xxxxxxxxx.xxx
----------------------
xxxxx@xxxxxxxx.xxx
----------------------
(Xxxxx Xxxxx, Asst.)
Brendan Xxxxxx Xxxxxx and Xxxxxx X. 250,000 86,353 39,323 26,201 101,833 61,932
Xxxxxx, Trustees of the Xxxxxx
Family Trust U/T/D dated January
31, 1996
0000 Xxxx Xxxx Xxxx, Xxxxx 0-000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Saint Xxxxxxx Growth Fund 25,000 8,635 3,932 2,620 4,814 5,826
c/o Saint Xxxxxxx High School
Attn: Xxxxx X. Xxxxxx
0000 Xxxxxxxxx Xxxxxx
Xxxxxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ----------- ----------- ----------- ---------- ------------
Saint Mary's College of California 25,000 8,635 3,932 2,620 4,814 5,826
0000 Xx. Xxxx'x Xxxx, Xxxxxx,
XX 00000
X.X. Xxx 0000, Xxxxxx, XX 00000
Attn: Xxxxxxxx Xxxxx
Tel: 000-000-0000
E-mail: xxxxxxx@xxxxxxx-xx.xxx
----------------------
(Xxxxxx Xxxxxx, Asst.)
Stanford University 25,000 8,635 3,932 2,620 4,814 5,826
0000 Xxxx Xxxx Xxxx
Xxxxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxx@xxxxxxxx.xxx
--------------------
Eagle Ventures II, LLC 0 9,087 1,062 1,162 1,355 0
c/o Crescendo Ventures
Attn: R. Xxxxx Xxxxxx
000 XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxx@xxxxxxxxxxxxxxxxx.xxx
------------------------------
Crescendo II, L.P. 0 245,458 28,697 84,148 101,833 55,972
c/o Crescendo Ventures
Attn: R. Xxxxx Xxxxxx
000 XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Xxxxxx X. Xxxxxx 10,000 3,454 1,573 1,048 1,926 2,330
c/o BT Alex. Xxxxx Incorporated
000 Xxxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxx.Xxxxxx@xx.xxx
--------------------
No. of No. of No. of No. of
Shares of No. of Shares Shares of Shares of Shares of No. of Shares
Series A of Series B Series C Series D Series E of Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------- ---------- ---------- ---------- -------------
Xxx Xxxxxxx 15,000 5,181 2,359 1,572 2,889 3,496
c/o Cadence Design Systems, Inc.
0000 Xxxxx, Xxxxxxxx 0
Xxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxx@xxxxxxx.xxx
-------------------
Xxxxx X. Xxxxxxxxxx 0 7,271 2,019 1,345 1,274 1,542
000 Xxxxxx Xxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Xxx Xxxxxxxx 30,000 10,362 4,719 3,144 5,777 6,991
Think3
0000 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxx Xxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxx.xxxxxxxx@xxxxx0.xxx
------------------------
Xxxxxx X. Down 10,000 3,454 1,573 1,048 2,926 2,399
0000 Xxxx Xxxx Xxxx, #000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxx.x.xxxx@xxxxx.xxx
------------------------
Xxxxx X. Xxxxxx 10,000 3,454 1,573 1,048 1,926 2,330
0000 Xxxxxxxxx Xxxx, Xxxxx 0000
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxx.Xxxxxx@xxxx.xxx
----------------------
Xxxxxxx X. Xxxxxx & Xxxx Xxxxxx 15,000 5,181 2,359 1,572 0 6,235
TTEEs, Xxxxxxx and Xxxx Xxxxxx
Trust I dtd 10/23/89 00 Xxxxx Xxxxx
Xxxxxxxx, XX 00000 Tel: 000-000-0000
Email: uu:xxxxxxxx@xx.xxxxxx.xxx
No. of No. of No. of No. of
Shares of No. of Shares Shares of Shares of Shares of No. of Shares
Series A of Series B Series C Series D Series E of Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------- ---------- ---------- ---------- -------------
Xxxx X. Xxxx 20,000 15,999 4,209 2,804 5,153 6,235
c/o Xxxx Xxxxxxxx Inc.
00 Xxxxx 0xx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxx@xxxxxxxxxxx.xxx
----------------------
xxxxxxx@xxxxxxxxxxxx.xxx
------------------------
Xxxxxx X. Xxxxx, SUCC TTEE Xxxxxx 50,000 17,271 7,865 5,240 9,629 11,652
X. Xxxxx Profit Sharing
Trust DTD 1/1/84
0000 Xxxx Xxxx Xxxx/Xxxx. 0, Xxxxx 000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxx@xxxx.xxx or
---------------
Xxxxxxx@xxxx.xxx
----------------
(associates)
Xxxxxxx X. Xxxxx Cancer Foundation 65,000 22,452 10,224 6,812 12,518 15,148
Attn: Xxxxxx X. Xxxxx
0000 Xxxx Xxxx Xxxx/Xxxx. 0,
Xxxxx 000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Motete Corporation 25,000 8,635 3,932 2,620 0 5,497
X. X. Xxx 0000
Xxxxxx Xxxx 0, Xxxxxx
Attn: Xxxxxxx de la Guardia
Tel: 000-000-000-0000
Fax: 000-000-000-0000
Email: xxxxxxxx@xxx.xxx
----------------
Xxxxxxx Xxxxx 25,000 8,635 3,932 2,620 0 5,497
El Arreo, S.A.
Next to Intel
Xx Xxxxxx de Xxxxx
Xxxxxxx, Costa Rica [use DHL service]
Tel: 000-000-000-0000
Fax: 000-000-000-0000
E-mail: xxxxxxx@xxx.xxxxx.xx.xx
----------------------
No. of No. of No. of No. of
Shares of No. of Shares Shares of Shares of Shares of No. of Shares
Series A of Series B Series C Series D Series E of Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------- ---------- ---------- ---------- -------------
Xxxx Xxxx 50,000 10,000 5,846 3,895 10,255 10,240
c/o Rahn Group
0000 X.X. Xxxx Xxxxx
000 - Xxxxxx Xxxxxx Xxxxx/
Xxxxx 0000
Xxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxx@xxxx.xxx
--------------
(associate)
Royal Xxxxx Investment Group 60,000 0 0 0 0 0
000 Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
RWI Group II, L.P. 0 38,907 11,564 42,301 18,302 22,148
000 Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxx@xxxxxxxx.xxx
-------------------
xxxxxx@xxxxxxxx.xxx
-------------------
Sand Hill Financial Company 250,000 86,353 39,323 26,201 0 54,968
0000 Xxxx Xxxx Xxxx, Xxxxx 0-000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxxx@xxxx.xxx
----------------
Xxxxxxx X. Xxxxxxx 15,000 5,181 2,359 1,572 2,889 0
Xxxxxx Xxxxxxx & Co.
000 Xxxxxxxxxx Xx.
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxx.xxxxxxx@xxxx.xxx
------------------------
No. of No. of No. of No. of
Shares of No. of Shares Shares of Shares of Shares of No. of Shares
Series A of Series B Series C Series D Series E of Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
---------- ------------- ---------- ---------- ---------- -------------
F & W Investments 1996 30,000 0 0 0 0 0
Two Xxxx Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxxxx (out of
office for 2 wks)
Xxxxx Xxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxx@xxxxxxx.xxx
-------------------
F & W Investments 1996 - II 0 10,362 0 0 0 0
Two Xxxx Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
F & W Investments 1997 0 0 4,719 0 0 0
Xxx Xxxx Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
F & W Investments 2000 0 0 0 0 5,401 0
Xxx Xxxx Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
F & W Investments 2000 II 0 0 0 0 0 6,535
Xxx Xxxx Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxxxx
Tel: 000-000-0000
Fax: 000-000-0000
WS Investments 96A 15,000 0 0 0 0 0
Attn: Xxxxx Xxxxxxxxx
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000-0000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxxxxxx@xxxx.xxx
--------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ----------- ----------
WS Investments 97A 0 3,786 0 0 0 0
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000-0000
Tel: 000-000-0000
Fax: 000-000-0000
WS Investments 98A 0 0 2,196 0 0 0
000 Xxxx Xxxx Xxxx
Xxxx Xxxx, XX 00000-0000
Tel: 000-000-0000
Fax: 000-000-0000
Xxxx Xxxxx Xxxxx & Xxxxx Xxxx 0 9,091 1,063 0 0 1,389
000 Xxxxxx Xxxx
Xxxxxxx Xxxx, XX 00000
Attn: Xxxxx Xxxx
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxx@xxxxxxxx.xxx
------------------
Xxxxx X. Xxxxxxxxx 10,000 3,454 1,573 1,048 1,000 2,267
000 Xxxxxxxx
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxx_Xxxxxx@xxx.xxx
----------------------
Xxxxx Xxxxx and Xxxxxxxx Xxxxxxx 10,000 3,454 1,573 1,048 5,092 2,547
Xxxxx, Trustees of the Xxxxx 1995
Revocable Trust
c/o Waverly Associates
000 Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
E-mail: xxxxx@xxxxxxxxxxx.xxx
---------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ----------- ----------
Xxxxxx X. Xxxxxxxxx and Xxxxxx X. 50,000 0 0 0 0 6,839
Xxxxxxxxx as Trustees of the Xxx X.
Xxxxxxxxx Technology Trust
c/o Xxxxxx X. Xxxxxxxxx and Xxxxxx
X. Xxxxxxxxx, Trustees
00 Xx Xxxxxx Xxxxx
Xxxxxxx Xxxxxx, XX 00000
Tel: 000-000-0000
E-mail: xxx@xxxxxxxxxxx.xxx
--------------------
xxxxx.xxxxxxxxxx@xxxxxxxxxxx.xxx
Xxxx X. Xxxxxxxx 0 18,182 2,126 1,416 2,603 3,149
0000 Xxxx Xxxx Xxxx, Xxxxx 0-000
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxx@xxxxxxxx.xxx
-----------------
Xxxxx Xxxx 5,000 1,819 797 0 0 0
00 Xxxxxxxxx Xxxxx
Xxxxxxxx. XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxx@xxxxxxxxxxxxxxxx.xxx
--------------------------
Xxxxxx Xxxx 75,000 13,637 10,363 0 0 13,361
00 Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxx@xxxxxxxxxxxx.xxx
-----------------------
Xxxxxxxxx Xxxx 5,000 1,819 797 0 0 1,028
00 Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxxxxxx.Xxxx@xxxxxxxxxxxx.xxx
--------------------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ----------- ----------
Xxxxx Xxxx 5,000 1,819 797 0 0 1,028
00 Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: Xxxxx.Xxxx@xxxx.xxx
--------------------
Cambridge Technology Capital 0 0 98,039 6,838 101,833 21,309
00000 Xx Xxxxxx Xxxx, Xxxxx 000
Xxx Xxxxx, XX 00000-0000
Attn: Xxxxx Xxxxxxxxx
Tel: 000-000-0000
E-mail: xxxxxx@xxx.xxx
--------------
xxxxxx@xxx.xxx
---------------
Intel Corporation 0 0 294,118 0 0 0
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000
Attn: Portfolio Manager RN6-46
Tel: 000-000-0000
Fax: 000-000-0000
E-mail: xxxxxx.xxxxxxxxxx@xxxxx.xxx
----------------------------
xxxxx.x.xxxxx@xxxxx.xxx
Copy to: Intel Corporation
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000
Attn: General Counsel
Fax: 000-000-0000
Intel 64 Fund, LLC 0 0 0 253,807 0 252,437
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000
Attn: Portfolio Manager RN6-37
Fax: 000-000-0000
Email: xxxx.x.xxxxx@xxxxx.xxx
----------------------
xxxx@xxxx.xxx
Copy to: Intel Corporation
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000
Attn: General Counsel
Fax: 000-000-0000
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ---------- ----------
SAP America, Inc. 0 0 196,078 0 0 0
0000 Xxxxxxxxxxx Xxxx
Xxxxxxx Xxxxxx, XX 00000
Attn: General Counsel
E-mail: Xxxxxxx.Xxxxx@xxx.xxx
----------------------
xxxxxx.xxx@xxx-xx.xx
620,155
SAP - AG
_______________________________
_______________________________
_______________________________
_______________________________
Xxx Xxxxxxx 0 0 0 12,690 0 1,736
@home Network
000 Xxxxxxxx
Xxxxxxx Xxxx, XX 00000
Tel: 000-000-0000
E-mail: xxx@xxxx.xxxx.xxx
-----------------
Chancellor Private Capital Partners 0 0 22,538 42,978 14,727 109,389
III, L.P.
c/o Invesco Private Capital, Inc.
1166 Avenue of the Americas
New York, N.Y. 10036
Attn: Xxxx Xxxxxx
E-mail: xxxx_xxxxxx@xxxxxxx.xxx
-----------------------
Citiventure 96 Partnership, L.P. 0 0 96,627 184,264 63,138 468,992
c/o Invesco Private Capital, Inc.
1166 Avenue of the Americas
New York, N.Y. 10036
Attn: Xxxx Radonvanovich or
Xxxxxxxxxx Xxxx
Chancellor Private Capital Offshore 0 0 37,089 70,728 24,235 180,018
Partners II, L.P.
c/o Invesco Private Capital, Inc.
1166 Avenue of the Americas
New York, N.Y. 10036
Attn: Xxxx Radonvanovich or
Xxxxxxxxxx Xxxx
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ----------- ----------
Chancellor Private Capital Offshore 0 0 3,460 6,599 2,261 16,795
Partners I, C V
c/o Invesco Private Capital, Inc.
1166 Avenue of the Americas
New York, N.Y. 10036
Attn: Xxxx Radonvanovich or
Xxxxxxxxxx Xxxx
Xxxx Xxxxxx 0 0 0 0 0 1,085
00 Xxxxxxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxx_xxxxxx@xxxx.xxx
--------------------
Xxxx Xxxxx 0 0 0 0 0 620
0000 Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxx_xxxxx@xxxx.xxx
--------------------
Xxxxxx X. Xxxxxxxx 0 0 0 0 0 465
0000 Xxxxxxxxx Xxxxxx, Xxx. 000
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Email: xxxxxxxxxx@xxxxxxx.xxx
----------------------
Xxxx Xxxxxxx 0 0 0 0 0 930
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
Tel: 000-000-0000
Email: xxxxxxx0x@xxxxxxx.xxx
----------------------
Xxxxxxx Xxxxxx 0 0 0 0 0 775
000 Xxx Xxxxxx Xxxxxx
Xxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxx@xxxxxxxx.xxx
--------------------
Atesa Farshian 0 0 0 0 0 620
0000 Xxxxxxxxxx Xxxx
Xxxxxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxx_xxxxxxxx@xxxx.xxx
------------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ---------- ----------
Xxxx Friday 0 0 0 0 0 930
0000 Xxxxxxxxx Xxxxxx
0xx Xxxxx
Xxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxx_Xxxxxx@xxxx.xxx
--------------------
Xxxxxxx X. Xxxxx 0 0 0 0 0 775
000 Xxxxxxxx Xxxxxx
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx@xxxxxxxx.xxx
-------------------
Xxxxxx Xxxxx 0 0 0 0 0 465
0000 Xxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Email: xxxxxx_xxxxx@xxxx.xxx
---------------------
Xxxx XxXxxxx 0 0 0 0 0 930
c/x Xxxxxxxxx Xxxxxxxx
Xxx Xxxxxxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxx_xxxxxxx@xxxx.xxx
---------------------
Xxxx Xxxxxx 0 0 0 0 0 307
000 Xxxx 00xx, 0X
Xxx Xxxx, XX 00000
Tel: 000-000-0000 and
000-000-0000
Fax: 000-000-0000
Email: xxxx_xxxxxx@xxxx.xxx
---------------------
Xxxxxxxxxx Xxxxxx 0 0 0 0 0 465
c/x Xxxxxxxxx Xxxxxxxx
Xxx Xxxxxxxxxxxxx Xxxxx
00xx Xxxxx
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxxx_xxxxxx@xxxx.xxx
--------------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ---------- ----------
Xxxxxx Xxxxxx 0 0 0 0 0 2,325
0000 Xxxxxxx Xxxxxx, #0X
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx_xxxxxx@xxxx.xxx
----------------------
Xxxxxxxx X. Xxxxx 0 0 0 0 0 775
000 Xxxxxx Xxxxxx, #000
Xxxxxxx Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx@xxxxxxxx.xxx
-------------------
Xxxxxx Xxxxx 0 0 0 0 0 465
000 Xxxxxx Xxxxxx, #000
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx_xxxxx@xxxx.xxx
---------------------
Xxxx Xxxxxxx 0 0 0 0 0 620
000 Xxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxx_xxxxxxx@xxxx.xxx
-------------------------
Xxxxx Xxxxxxxxxx 0 0 0 0 0 465
000 Xxxxxxxx Xxxxxx
Xxxx Xxxx, XX 00000-0000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxxxx@xxxxxxxx.xxx
-------------------------
Xxx X. Xxxxxxxx 0 0 0 0 0 775
0000 Xxxxx Xxxxxx
Xxxxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxx.xxx
-----------------------
No. of No. of No. of No. of No. of No. of
Shares of Shares of Shares of Shares of Shares of Shares of
Series A Series B Series C Series D Series E Series F
Stock Held Stock Held Stock Held Stock Held Stock Held Stock Held
----------- ---------- ---------- ----------- ---------- ----------
Xxxxx Xxxx 0 0 0 0 0 930
00000 Xxxx Xxxxxxxx Xxxxx
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Xxxxxxx Xxxxxxx Xxxxxxxxxx, Xx. 0 0 0 0 0 1,085
000 Xxxxxxxxx Xxxxxx, #000
Xxx Xxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxx_xxxxxxxxxx@xxxx.xxx
-------------------------
Totals 3,055,000 1,976,469 1,954,937 1,187,575 2,031,846
EXHIBIT B
List of Shareholders
--------------------
Number of Shares
Name and Address of Common Stock Held
---------------- ---------------------
The Xxxxxxx Xxxx Trust dated December 3, 1980 1,870,000
00 Xxxxxxxxx
Xxxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxx@xxxxxxxx.xxx
----------------
Xxxxxxx Xxxx, Trustee of the
Xxxx ACD Irrevocable Trust 300,000
00 Xxxxxxxxx
Xxxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxx@xxxxxxxx.xxx
----------------
Xxxxxxx Xxxx, Trustee of the
Xxxx BMR Irrevocable Trust dated August 13, 1997 100,000
00 Xxxxxxxxx
Xxxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxx@xxxxxxxx.xxx
----------------
Xxxxxxx Xxxx, Trustee of the
Xxxx EAR Irrevocable Trust dated July 29, 1999 100,000
00 Xxxxxxxxx
Xxxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxx@xxxxxxxx.xxx
----------------
Xxxxxxx X. Xxxxx 600,000
0000 Xxxxxx Xxxxxx
Xxxxx Xxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxxxx@xxxxxxxxx.xxx
----------------------
Number of Shares
Name and Address of Common Stock Held
---------------- ---------------------
Xxxxxxxx Xxxxx 150,000
0 Xxxxxxxx Xxx
Xxxxxxxx, XX 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
Email: xxxxxx@xxxxxxxx.xxx
--------------------
EXHIBIT 5.1
SPECIAL PREFERRED HOLDERS
(Holders of 5% or more of outstanding Preferred Stock)
----------------------------------------------------
[SUBJECT TO REVISION]
Charter Growth Capital II, L.P.
Broadview Capital Partners
RRE Investors, L.P.
RRE Investors Fund, L.P.
Bay Partners SBIC, L.P.
Bay Partners LS Fund, L.P.
Telos Venture Partners, X.X.
Xxxxx Jaffray Technology Capital SBIC, L.P.
Brendan Xxxxxx Xxxxxx Trustee of the Xxxxxx Xxxx Xxxxxx Trust U/D/T dated
2/20/97
Brendan Xxxxxx Xxxxxx and Xxxxxx X. Xxxxxx, Trustees of the Xxxxxx Family Trust
U/T/D dated January 31, 1996
Chancellor Private Capital Partners III, L.P.
Citiventure 96 Partnership, X.X.
Xxxxxxxxxx Private Capital Offshore Partners II, X.X.
Xxxxxxxxxx Private Capital Offshore Partners I, C V
