Exhibit 99.1 ------------ Continuation SheetProxim Corp • August 3rd, 2004 • Communications equipment, nec
Note (1): Pursuant to that certain Securities Purchase Agreement, dated as of July 27, 2004, by and among WP VIII, the other purchasers named therein and the Company (the "Purchase Agreement"), on July 30, 2004, Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership ("WP VIII"), surrendered for cancellation the Subordinated Secured Promissory Note in an aggregate principal amount of $26,000,000 (the "Subordinated Note") that it had purchased from Proxim Corporation (the "Company") on October 21, 2003 and the Senior Secured Promissory Note in an aggregate principal amount of $8,666,667 (the "Senior Secured Note") that it had purchased from the Company on December 19, 2003, in exchange for 425, 186 shares of the Series B Convertible Preferred Stock (the "Series B Preferred Stock") of the Company. The Subordinated Note and the Senior Note were each purchased pursuant to the terms of that certain Amended and Restated Securities Purchase Agreement (the "2003 Purchase Agree
