RECITALSExchange Agreement • May 15th, 2001 • Optika Inc • Services-prepackaged software • New York
Exhibit 10.23 FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT This First Amendment to Registration Rights Agreement (this "First Amendment"), is made by and between Optika Inc., a Delaware corporation (the "Company") and the investors set forth on...Registration Rights Agreement • May 15th, 2001 • Optika Inc • Services-prepackaged software
Optika Inc. 7450 Campus Drive, 2nd Floor Colorado Springs, Colorado 80920 May 7, 2001Optika Inc • May 15th, 2001 • Services-prepackaged software
This letter will confirm our mutual agreement and understanding that if, subsequent to the date hereof, the Securities Exchange Commission issues a written clarification or modification of its current position regarding the accounting treatment of redeemable preferred stock and such interpretation would enable the terms of the Series A-1 Preferred Stock to be modified to provide the holders thereof with the right to receive the Liquidation Preference (as defined therein) in cash upon a Change of Control of the Company the "Cash Liquidation Right" without causing a change in the then current accounting treatment or classification of the Series A-1 Preferred Stock as "permanent equity" on the financial statements of the Company, as determined by the Company's independent certified public accountants in their reasonable discretion (as determined by a majority of the "Big 5" accounting firms), then the Company shall, as promptly as practicable upon its becoming aware of such interpretation
