ACCELERATED OPTION SHARES LOCK-UP AGREEMENTRaindance Communications Inc • December 19th, 2005 • Communications services, nec • Colorado
The undersigned officer of Raindance Communications, Inc., a Delaware corporation (the “Company”), was granted certain stock options pursuant to the Company’s 2000 Equity Incentive Plan (the “Plan”) as listed in Schedule A below (the stock options so listed are referred to herein as the “Accelerated Options”). Pursuant to Section 12(e) of the Plan, the Company’s Board of Directors plans to amend the terms of the Accelerated Options in order to accelerate the vesting of such options so that the undersigned has the right to exercise such options in their entirety on December 31, 2005 (the “Amendment”).
