Exhibit 10.8
POWERDSINE LTD.
AMENDMENT NO. 1
TO
AMENDED AND RESTATED RIGHTS AGREEMENT
THIS AMENDMENT No. 1 (the "AMENDMENT") to the Amended and Restated Rights
Agreement dated as of October 31, 2001 (the "AGREEMENT") by and among PowerDsine
Ltd., a company organized under the laws of the State of Israel (the "COMPANY");
(i) each of Xxxx Xxxxx and Xxxx Itias, (ii) ITI-Interline Telecom International
Ltd. and Argoquest Holding LLC, and (iii) the holders of the Company's Series A
Preferred Shares, (iv) the holders of the Company's Series B Preferred Shares,
(v) the holders of the Company's Series C Preferred Shares (vi) the holders of
the Company's Series D Preferred Shares (vii) the holders of the Company's
Series E Preferred Shares (viii) the holders of the Company's Series F Preferred
Shares (ix) the holders of the Company's Series G Preferred Shares and, (x) the
holders of the Company's H Preferred Shares is made as of April 1, 2004.
Capitalized terms that are not defined in this Amendment shall have the meanings
ascribed to them in the Agreement or, if not defined in the Agreement, then as
defined in the Company's Articles of Association in effect on the date hereof.
1. Section II of the Agreement is hereby amended by adding the following:
"2.6 The Company's obligations under this Section II shall expire upon
the closing of an IPO".
2. This Amendment may be executed in one or more counterparts each of
which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.
POWERDSINE LTD. ABS VENTURES VIII L.P.
By: Zolo LLC, its General Partner
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/s/ R. Xxxxxxx Xxxxxxx Jr.
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By: Xxxx Xxxxx By: R. Xxxxxxx Xxxxxxx Jr.
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Title: C.E.O. Title: Managing Partner
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Date: Date: 4/14/04
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/s/ Xxxx Xxxxx
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By: Xxxx Xxxxx By:
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Title: President Title:
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Date: 6/3/04 Date:
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DRW VENTURE PARTNERS L.P.
By RBC Capital Investment Holdings (USA), Inc., its
General Partner
/s/ Xxxx Xxxxxx
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By: Xxxx Xxxxxx
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Title: Director of Finance and
Administration, RBC
Capital Markets Corporation
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Date: 4/5/04
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XXXX XXXXX XXXX XXXXX
/s/ Xxxx Xxxxx
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Date: Date: 6/3/04
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XXXXX XXXX XXXX XXXX
/s/ Xxxx Xxxx
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Date: Date: 4/8/04
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XXXX XXXXXXX XXXXXX XXXXXX
/s/ Xxxx Xxxxxxx
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Date: 6/3/04 Date:
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2
SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
ITI-INTERLINE TELECOM INTERNATIONAL LTD. ACQUIREX BVBA
/s/ Xxxxx Xxxxxxxx
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By: By: Xxxxx Xxxxxxxx
--------------------------------
--------------------------------
Title: Title: Director
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--------------------------------
Date: Date: 6/4/04
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AMPAL INDUSTRIES INC. AMPAL INDUSTRIES (ISRAEL) LTD.
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxxxx
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By: Xxxxxxx Xxxxxx By: Xxxxxxx Xxxxxx
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Title: SVP Title: SVP
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Date: 6/3/04 Date: 6/3/04
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ACHIDIM HOLDINGS LTD. SHOHAM INVESTMENTS LTD.
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By: By:
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Title: Title:
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Date: Date:
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AVANTORIN INVESTMENTS LTD. SHIKMA ANEFA LTD.
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By: By:
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Title: Title:
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Date: Date:
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VERTEX - YOZMA L.P. VERTEX - DISCOUNT L.P.
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By: By:
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Title: Title:
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Date: Date:
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3
SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
VERTEX INVESTMENTS (III) PTE. LTD. POALIM CAPITAL MARKETS TECHNOLOGIES LTD.
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By: By:
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Title: Title:
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Date: Date:
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JERUSALEM VENTURE PARTNERS L.P. JERUSALEM VENTURE PARTNERS (ISRAEL) L.P.
By: Jerusalem Partners, LP, it's General Partner By: J.V.P. Jerusalem Venture Partners (Israel)
By: Jerusalem Venture Partners Corporation, Management Ltd., its General Partner
its General Partner
/s/ Xxxx Xxxxxxxx /s/ Xxxx Xxxxxxxx
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By: Xxxx Xxxxxxxx By: Xxxx Xxxxxxxx
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Title: Officer Title: Officer
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Date: 6/3/04 Date: 6/3/04
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CATALYST INVESTMENTS, L.P. CLAL ELECTRONICS INDUSTRIES LTD.
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By: By:
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Title: Title:
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Date: Date:
THE CHALLENGE FUND - ETGAR II, L.P. COURSES INVESTMENTS IN TECHNOLOGY LTD.
Atidim-Xxxxx Xxxxx Kranot Ltd.,
acting as General Partner of Challenge Partners II,
LP, being the General
Partner of The Challenge Fund-Etgar II, L.P.
/s/ X. Xxxxxxxxxxx
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By: X. Xxxxxxxxxxx By:
--------------------------------
--------------------------------
Title: President Title:
--------------------------------
--------------------------------
Date: Date:
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CLAL VENTURE CAPTIAL X.X. XXXXXX KRANOT GMULIM LTD.
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx
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By: By: Barak Soreni/Xxxxx Xxx Xxxxx
-------------------------------- --------------------------------
Title: Title: Director of Research/
General Manager
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Date: Date: 6/2/04
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4
SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
KINERET KEREN HISHTALMUT LTD. KEREN MERKAZIT LEPITZUYEI PITURIM LTD.
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx /s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx
------------------------------------------------------- --------------------------------------------------------
By: Barak Soreni/Xxxxx Xxx Xxxxx By: Barak Soreni/Xxxxx Xxx Xxxxx
--------------------------------------- --------------------------------------
Title: Director of Research/ Title: Director of Research/
General Manager General Manager
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Date: 6/2/04 Date: 6/2/04
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TAGMULIM LTD. KEREN OR KUPAT TAGMULIM UPITZUIM LTD.
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx /s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx
-------------------------------------------------- ---- ------------------------------------------------ -------
By: Barak Soreni/Xxxxx Xxx Xxxxx By: Barak Soreni/Xxxxx Xxx Xxxxx
------------------------------------- --------------------------------------
Title: Director of Research/ Title: Director of Research/
General Manager General Manager
------------------------------------- --------------------------------------
Date: 6/2/04 Date: 6/2/04
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KATZIR KUPAT TAGMULIM UPITZUIM LTD. XXXX XXXXX GMULIM LTD.
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx /s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx
-------------------------------------------------- ---- ------------------------------------------------ -------
By: Barak Soreni/Xxxxx Xxx Xxxxx By: Barak Soreni/Xxxxx Xxx Xxxxx
------------------------------------- --------------------------------------
Title: Director of Research/ Title: Director of Research/
General Manager General Manager
------------------------------------- --------------------------------------
Date: 6/2/04 Date: 6/2/04
------------------------------------- --------------------------------------
YETER KRANOT GMULIM LTD. BAR KEREN GMULIM LTD.
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx /s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx
-------------------------------------------------- ---- ------------------------------------------------ -------
By: Barak Soreni/Xxxxx Xxx Xxxxx By: Barak Soreni/Xxxxx Xxx Xxxxx
------------------------------------- --------------------------------------
Title: Director of Research/ Title: Director of Research/
General Manager General Manager
------------------------------------- --------------------------------------
Date: 6/2/04 Date: 6/2/04
------------------------------------- --------------------------------------
XXXXX XXXXX GMULIM LE'ATZMAIM LTD. ARGOQUEST HOLDINGS LLC
/s/ Barak Soreni /s/ Xxxxx Xxx-Xxxxx /s/ Xxxxx Barziazay
------------------------------------------------------- --------------------------------------------------------
By: Barak Soreni/Xxxxx Xxx Xxxxx By: Xxxxx Barziazay
-------------------------------------
--------------------------------------
Title: Director of Research/ Title: CEO and Managing Partner
General Manager
------------------------------------- --------------------------------------
Date: 6/2/04 Date: 4/4/04
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5
SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
VERTEX XXXXXX XX (A) FUND L.P. VERTEX XXXXXX XX (B) FUND L.P.
------------------------------------------------ ---------------------------------------------------
By: By:
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Title: Title:
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Date: Date:
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VERTEX XXXXXX XX (C.I.) FUND, L.P VERTEX XXXXXX XX (C.I.) EXECUTIVE FUND, L.P.
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By: By:
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Title: Title:
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Date: Date:
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VERTEX XXXXXX XX DISCOUNT FUND VERTEX IIF 2 L.P.
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By: By:
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Title: Title:
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Date: Date:
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VERTEX IIF L.P. HAPOALIM TECHNOLOGY FUND L.P.
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By: By:
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Title: Title:
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Date: Date:
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POALIM (S.H.) HIGH-TECH LTD.
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By:
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Title:
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Date:
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