Document:

Exhibit 10.01

 

CONVERSION AND LOCK-UP LETTER
AGREEMENT

 

February 9,
2005

 

Cogent Communications Group, Inc.

1051 31st Street, N.W.

Washington, DC  20007

 

Re:                               COGENT COMMUNICATIONS GROUP INC.

 

Ladies and Gentlemen:

 

THIS CONVERSION AND LOCK-UP
LETTER AGREEMENT (this “Agreement”) is made as of the 9th day
of February, 2005 by and among (i) Cogent Communications Group, Inc., a
Delaware corporation (the “Company”) and (ii) those stockholders of
the Company whose names are set forth on Schedule I hereto (the “Stockholders”).

 

The
Company understands that the Stockholders propose to convert their shares of
the Company’s Series F Participating Convertible Preferred Stock, par value
$.001 per share (the “Series F Preferred Stock”), Series G Participating
Convertible Preferred Stock, par value $.001 per share (the “Series G
Preferred Stock”), Series I Participating Convertible Preferred Stock, par
value $.001 per share (the “Series I Preferred Stock”), Series J
Participating Convertible Preferred Stock, par value $.001 per share (the “Series
J Preferred Stock”), Series K Participating Convertible Preferred Stock,
par value $.001 per share (the “Series K Preferred Stock”), Series L
Participating Convertible Preferred Stock, par value $.001 per share (the “Series
L Preferred Stock”) and Series M Participating Convertible Preferred Stock,
par value $.001 per share (the “Series M Preferred Stock” and together
with the Series F Preferred Stock, the Series G Preferred Stock, the Series I
Preferred Stock, the Series J Preferred Stock, the Series K Preferred Stock,
and the Series L Preferred Stock, the “Preferred Stock”) into shares of
the Company’s common stock, par value $.001 per share (the “Common Stock”)
and with respect to such shares of Preferred Stock that are converted into
shares of Common Stock and any other shares of Common Stock now or hereafter
beneficially owned by the Stockholders, which conversion will occur
concurrently with the conversion of all outstanding shares of the Company’s
Series H Participating Convertible Preferred Stock, par value $.001 per share,
the undersigned Stockholders hereby irrevocably agree as follows:

 

(i)                                     that the public trading price of the Company’s
Common Stock on the American Stock Exchange at the close of the third (3rd)
business day after the issuance by the Company of a press release disclosing
that the holders of Preferred Stock intend to convert such shares of Preferred
Stock into shares of Common Stock (the “Announcement”) shall be the
price at which the value of each Stockholder’s shares in the Company, including
shares of Common Stock and shares of Preferred Stock (on an
as-if-converted-to-Common Stock basis), is determined (the “Controlling
Price”) for purposes only of Section (iii) hereof;

 

1

 

(ii)                                  that on the fifth (5th) business
day after the Announcement, each Stockholder shall deliver to the Company
written notice (“Written Notice”) of such Stockholder’s dollar value of
Common Stock owned, including in such dollar amount the assumed conversion of
all of such Stockholder’s shares of Preferred Stock, at the Controlling Price
(the “Stockholder’s Value”) and furthermore, such Written Notice shall
include such Stockholder’s intention of pursuing the course of action mandated
by Section (iii)(x), (iii)(y) or (iii)(z) of this
Agreement, as the case may be;

 

(iii)                               that (x) if the
Stockholder’s Value is equal to or greater than fifty million dollars
($50,000,000) and if such Stockholder is not otherwise exempt from making an
HSR Filing (as defined below), then such Stockholder shall make all necessary
filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended, and the rules and regulations thereunder (“HSR Filing”) within
ten (10) business days of providing Written Notice, or (y)
if the Stockholder’s Value is less than fifty million dollars ($50,000,000) but
equal to or greater than twenty five million dollars ($25,000,000) and if such
Stockholder is not otherwise exempt from making an HSR Filing, then such
Stockholder shall either elect to make an HSR Filing within ten (10) business
days of providing Written Notice or elect to convert such Stockholder’s shares
of Preferred Stock into shares of Common Stock, the conversion of which shall
occur immediately after all of the holders of Preferred Stock who have elected
to make an HSR Filing have made such HSR Filing, or (z)
if the Stockholder’s Value is less than twenty five million dollars
($25,000,000), then such Stockholder is not required to take any action;

 

 (iv)                           that the Stockholders will not, without the unanimous prior written
consent of the Company and all the other Stockholders, directly or indirectly,
during a period of one hundred eighty (180) days from the date of this
Agreement (the “Lock-Up Period”), issue, sell, offer or agree to sell,
grant any option for the sale of, pledge, make any short sale or maintain any
short position, establish or maintain a “put equivalent position” (within the
meaning of Rule 16-a-1(h) under the Securities Exchange Act of 1934, as amended
(“The Act”) enter into any swap, derivative transaction or other
arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Common Stock (whether any such transaction is
to be settled by delivery of Common Stock, other securities, cash or other
consideration) or otherwise dispose of, any Common Stock (or any securities
convertible into, exercisable for or exchangeable for Common Stock) or interest
therein of the Company (all of the foregoing transactions shall together be
known as “Transactions”), provided, however,
that (x) prohibitions with respect to any
Transactions shall not apply to the number of shares of Common Stock set forth
next to each Stockholder’s name on Schedule II hereto (the “Exempted
Shares”) and furthermore that (y)
Transactions (including without limitation distribution to the general partner
or limited partners of a Stockholder) may only be made with respect to such
number of Exempted Shares in any calendar month as set forth on Schedule III
hereto and provided, further, that the foregoing
prohibitions shall not apply to a Permitted UFO Transfer;

 

(v)                                 that the Stockholders authorize the Company
during the Lock-Up Period to cause the transfer agent (1) to decline to
transfer and/or (2) to note stop transfer restrictions on the transfer books
and records of the Company and/or (3) to place appropriate legends on the
certificates with respect to any shares of Common Stock and any securities
convertible into exercisable or exchangeable for Common Stock for which the
undersigned is the record holder and, in the case of any such share or
securities for which the undersigned is the beneficial but not

 

2

 

the record holder, agrees to cause the record holder to cause the
transfer agent (1) to decline to transfer and/or (2) to note stop transfer
restrictions on such books and records with respect to such shares or
securities and/or (3) to place appropriate legends on the certificates; and

 

(vi)                              that the Stockholders will, upon the sale of
any shares of Common Stock or any other transaction requiring filing a Form 4
under Section 16 of The Act on or before April 26, 2005, enter into a
settlement agreement with the Company in the form attached hereto as Schedule IV
(the “Settlement Agreement”) prior to the
filing of such Form 4 with the SEC with respect to such sale or transaction,
and will deliver payment to the Company within five (5) business days of
entering into the Settlement Agreement the amount equal to the short swing
profits captured by such Stockholder as a result of such sale requiring a Form
4 filing, calculated pursuant to Section 16 of The Act.

 

The undersigned Stockholders further agree, from the
date hereof until the end of the Lock-Up Period, that the undersigned will not
exercise and will waive his, her or its rights, if any, to require the Company
to register its Common Stock and to receive notice thereof, and further
acknowledges that the Company reserves the right to diligently pursue and
prosecute any of the undersigned acting in contravention of the foregoing; provided, however, that the foregoing prohibition shall not
apply to any registration initiated by the Company for which the undersigned
Stockholders are entitled to receive notice thereof and to exercise “piggyback”
registration rights.

 

A “Permitted UFO Transfer” shall mean a transfer by UFO Communications,
Inc., of all, but not less than all of the capital stock of the Company that it
holds at the time of the transfer to any one or more of Paladin Capital
Partners Fund, L.P., Kline Hawkes Pacific Friends Fund, LLC, or Kline Hawkes
Pacific, L.P., pursuant to which the number of Exempted Shares allocated to UFO
Communicatons, Inc. is reduced to zero and the number of Exempted Shares
allocated to the transferee(s) is not increased.

 

The
undersigned Stockholders hereby
represent and warrant that the undersigned has full power and authority to
enter into this Agreement, and that, upon request, the undersigned will execute
any additional documents necessary in connection with enforcement hereof.  Any obligations of the undersigned shall be
binding upon the successors and assigns of the undersigned.

 

This
Agreement shall terminate and be of no further force and effect upon the consummation
of a firmly underwritten public offering of the Common Stock pursuant to an
effective registration statement under the Securities Act of 1933, as amended.

 

3

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OAK INVESTMENT PARTNERS IX,

  
	
   

  	
  LIMITED PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Oak Associates IX, LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OAK
  IX AFFILIATES FUND, LIMITED PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Oak IX Affiliates, LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title:
  Managing Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OAK
  IX AFFILIATES FUND-A, LIMITED PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Oak Associates IX, LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title: Managing Member

  
					

 

4

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

	
   

  	
  JERUSALEM VENTURE PARTNERS
  III, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Partners III, L.P., its General Partner

  
	
   

  	
  By:

  	
  Jerusalem Venture Partners Corporation, its

  
	
   

  	
   

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS III

  
	
   

  	
  (ISRAEL),
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Venture Partners III (Israel) Management
  Company Ltd., its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS

  
	
   

  	
  ENTREPRENEURS FUND III,
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Partners III, L.P., its General Partner

  
	
   

  	
  By:

  	
  Jerusalem Venture Partners Corporation, its

  
	
   

  	
   

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
					

 

5

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  JERUSALEM VENTURE PARTNERS
  IV, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Partners IV, L.P., its General Partner

  
	
   

  	
  By:

  	
  JVP Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE
  PARTNERS IV (Israel), L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Partners IV – Venture Capital, L.P.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
  By:

  	
  JVP Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS
  IV-A, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Venture Partners IV, L.P., its General

  
	
   

  	
   

  	
  Partner

  
	
   

  	
  By:

  	
  JVP Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS

  
	
   

  	
  ENTREPRENEURS FUND IV,
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem Venture Partners IV, L.P., its General

  
	
   

  	
   

  	
  Partner

  
	
   

  	
  By:

  	
  JVP Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
					

 

6

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  WORLDVIEW TECHNOLOGY PARTNERS III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW TECHNOLOGY INTERNATIONAL III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW STRATEGIC
  PARTNERS III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW III CARRIER
  FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Worldview Capital III, L.P., its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: James Wei

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW TECHNOLOGY

  
	
   

  	
  PARTNERS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW TECHNOLOGY

  
	
   

  	
  INTERNATIONAL IV, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW STRATEGIC
  PARTNERS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Worldview Capital IV, L.P., its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: James Wei

  
					

 

7

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  BCP CAPITAL, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  BCP General LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BCP CAPITAL QPF, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  BCP General LLC, its
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BCP AFFILIATES FUND LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  BCP Capital Management
  LLC, its Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [BROADVIEW BCPSBS

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
  ]

  
						

 

8

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  [BOULDER
  VENTURES III, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOULDER
  VENTURES III (ANNEX), L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOULDER
  VENTURES IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOULDER
  VENTURES IV (ANNEX), L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner

  

 

9

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  NAS PARTNERS I L.L.C.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Nassau Capital LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Randall A. Hack

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NASSAU CAPITAL PARTNERS IV
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Nassau Capital LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Randall A. Hack

  
	
   

  	
  Title: Managing Member

  
					

 

10

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  CISCO SYSTEMS CAPITAL
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  
	
   

  	
  Title:

  

 

11

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  BNP EUROPE TELECOM &
  MEDIA FUND II, LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Shawna Morehouse
  & Martin Laidlaw

  
	
   

  	
  Title: Authorized
  Signatories

  
	
   

  	
  By:
  General Business, Finance and Investment Ltd., its General Partner, and

  
	
   

  	
  By:
  Commerce Advisory Services Ltd, as Director and Partnership Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NATIO
  VIE DEVELOPPEMENT 3, FCPR

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Bernard d’Hotelans

  
	
   

  	
  Title: Directeur Associe

  

 

12

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  UFO
  COMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Jay Ferguson

  
	
   

  	
   

  
	
   

  	
  Title: Chairman

  

 

13

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  PALADIN CAPITAL PARTNERS
  FUND, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Paladin General Holdings, LLC

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Frank J. Hanna, Jr.

  
	
   

  	
  Title: President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WORLDWIDE INVESTMENTS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By: Worldwide Assets, Inc., its Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Frank J. Hannah

  
	
   

  	
  Title: Chairman & Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  2001 PENN. AVE. INVESTMENTS, LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Michael R. Steed

  
	
   

  	
  Title: President

  
					

 

14

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  KLINE HAWKES PACIFIC, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Kline Hawkes Pacific
  Advisors, LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Jay Ferguson

  
	
   

  	
  Title: Member

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  KLINE HAWKES PACIFIC FRIENDS FUND, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Kline Hawkes Pacific
  Advisors, LLC, its Managing Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Jay Ferguson

  
	
   

  	
  Title: Member

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BROADMARK CAPITAL, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joseph L. Schocken

  
	
   

  	
  Title: President

  
					

 

15

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  GLOBAL ACCESS
  TELECOMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: John E. Jones

  
	
   

  	
   

  
	
   

  	
  Title: Vice President

  

 

16

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  COLUMBIA VENTURES
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Kenneth Peterson

  
	
   

  	
   

  
	
   

  	
  Title: Chief Executive Officer

  

 

17

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

 

	
   

  	
  APPLEGREEN CAPITAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  
	
   

  	
  Title:

  

 

18

 

[Signature Page to Conversion and Lock-Up Letter
Agreement]

 

	
   

  	
  KARSTEN BLUE

  
	
   

  	
   

  
	
   

  	
   

  	
   

  

 

19

 

Schedule I

 

	
  Stockholders Party to
  the Agreement

  
	
  Oak Investment Partners IX, Limited
  Partnership

  
	
  Oak IX Affiliates Fund, Limited Partnership

  
	
  Oak IX Affiliates Fund-A Limited
  Partnership

  
	
  Boulder Ventures III (Annex), LP

  
	
  Boulder Ventures III, LP

  
	
  Boulder Ventures IV (Annex), LP

  
	
  Boulder Ventures IV, LP

  
	
  BCP Capital QPF, L.P.

  
	
  BCP Capital, L.P.

  
	
  BCP Affiliates Fund LLC

  
	
  Broadview BCPSBS

  
	
  Nassau Capital Partners IV, LP

  
	
  NAS Partners I, LLC

  
	
  Worldview Technology Partners III, LP

  
	
  Worldview Technology International III, LP

  
	
  Worldview Strategic Partners III, LP

  
	
  Worldview III Carrier Fund, LP

  
	
  Worldview Technology Partners IV, LP

  
	
  Worldview Technology International IV, LP

  
	
  Worldview Strategic Partners IV, LP

  
	
  Jerusalem Venture Partners III, LP

  
	
  Jerusalem Venture Partners Entrepreneurs
  Fund, III, LP

  
	
  Jerusalem Venture Partners III (Israel) LP

  
	
  Jerusalem Venture Partners IV, LP

  
	
  Jerusalem Venture Partners IV-A, LP

  
	
  Jerusalem Venture Partners Entrepreneurs
  Fund IV, L.P.

  
	
  Jerusalem Venture Partners IV (Israel), LP

  
	
  Cisco Systems Capital Corporation

  
	
  BNP -Europe Telecom & Media Fund II, LP

  
	
  Natio
  Vie Development 3, FCPR

  
	
  Kline Hawkes Pacific, L.P.

  
	
  Kline Hawkes Pacific Friends Fund, LLC

  
	
  Paladin Capital Partners Fund, L.P.

  
	
  UFO
  Communications, Inc

  
	
  Global Access Telecommunications, Inc.

  
	
  Columbia Ventures Corporation

  
	
  Applegreen Capital, Inc

  
	
  Broadmark Capital

  
	
  2001 Penn. Ave. Investments, LLC

  
	
  Worldwide Investments, LLC

  
	
  Karsten Blue

  

 

 

20

 

Schedule II

 

	
  Stockholder

  	
   

  	
  Number of Exempted Shares

  	
   

  
	
  Oak Investment Partners
  IX, Limited Partnership

  	
   

  	
  1,978,706

  	
   

  
	
  Oak IX Affiliates Fund,
  Limited Partnership

  	
   

  	
  21,380

  	
   

  
	
  Oak IX Affiliates
  Fund-A Limited Partnership

  	
   

  	
  47,142

  	
   

  
	
  Boulder Ventures III
  (Annex), LP

  	
   

  	
  255

  	
   

  
	
  Boulder Ventures III,
  LP

  	
   

  	
  8,258

  	
   

  
	
  Boulder Ventures IV
  (Annex), LP

  	
   

  	
  379,159

  	
   

  
	
  Boulder Ventures IV, LP

  	
   

  	
  29,817

  	
   

  
	
  BCP Capital QPF, L.P.

  	
   

  	
  761,044

  	
   

  
	
  BCP Capital, L.P.

  	
   

  	
  162,745

  	
   

  
	
  BCP Affiliates Fund LLC

  	
   

  	
  12,037

  	
   

  
	
  Broadview BCPSBS

  	
   

  	
  26

  	
   

  
	
  Nassau Capital Partners
  IV, LP

  	
   

  	
  439,636

  	
   

  
	
  NAS Partners I, LLC

  	
   

  	
  6,286

  	
   

  
	
  Worldview Technology
  Partners III, LP

  	
   

  	
  759,852

  	
   

  
	
  Worldview Technology
  International III, LP

  	
   

  	
  187,284

  	
   

  
	
  Worldview Strategic
  Partners III, LP

  	
   

  	
  16,793

  	
   

  
	
  Worldview III Carrier
  Fund, LP

  	
   

  	
  41,741

  	
   

  
	
  Worldview Technology
  Partners IV, LP

  	
   

  	
  417,589

  	
   

  
	
  Worldview Technology
  International IV, LP

  	
   

  	
  68,104

  	
   

  
	
  Worldview Strategic
  Partners IV, LP

  	
   

  	
  3,480

  	
   

  
	
  Jerusalem Venture
  Partners III, LP

  	
   

  	
  982,589

  	
   

  
	
  Jerusalem Venture
  Partners Entrepreneurs Fund, III, LP

  	
   

  	
  75,152

  	
   

  
	
  Jerusalem Venture
  Partners III (Israel) LP

  	
   

  	
  27,921

  	
   

  
	
  Jerusalem Venture
  Partners IV, LP

  	
   

  	
  1,324,033

  	
   

  
	
  Jerusalem Venture
  Partners IV-A, LP

  	
   

  	
  11,245

  	
   

  
	
  Jerusalem Venture
  Partners Entrepreneurs Fund IV, L.P.

  	
   

  	
  11,877

  	
   

  
	
  Jerusalem Venture
  Partners IV (Israel), LP

  	
   

  	
  31,952

  	
   

  
	
  Cisco Systems Capital
  Corporation

  	
   

  	
  1,471,766

  	
   

  
	
  BNP -Europe Telecom
  & Media Fund II, LP

  	
   

  	
  1,746,049

  	
   

  
	
  Natio Vie Development 3, FCPR

  	
   

  	
  100,348

  	
   

  
	
  Kline Hawkes Pacific,
  L.P.

  	
   

  	
  169,295

  	
   

  
	
  Kline Hawkes Pacific
  Friends Fund, LLC

  	
   

  	
  5,712

  	
   

  
	
  Paladin Capital
  Partners Fund, L.P.

  	
   

  	
  129,783

  	
   

  
	
  UFO Communications, Inc

  	
   

  	
  73,588

  	
   

  
	
  Global Access
  Telecommunications, Inc.

  	
   

  	
  111,627

  	
   

  
	
  Columbia Ventures
  Corporation

  	
   

  	
  1,337,969

  	
   

  
	
  Applegreen Capital, Inc

  	
   

  	
  1,527

  	
   

  
	
  Broadmark Capital

  	
   

  	
  4,549

  	
   

  
	
  2001 Penn. Ave.
  Investments, LLC

  	
   

  	
  2,542

  	
   

  
	
  Worldwide Investments,
  LLC

  	
   

  	
  2,542

  	
   

  
	
  Karsten Blue

  	
   

  	
  12,403

  	
   

  

 

21

 

Schedule III

 

	
  Stockholder

  	
   

  	
  Maximum number of Exempted
  Shares that

  may be subject to a Transaction per calendar
 month

  	
   

  
	
  Oak Investment Partners
  IX, Limited Partnership

  	
   

  	
  329,784

  	
   

  
	
  Oak IX Affiliates Fund,
  Limited Partnership

  	
   

  	
  3,563

  	
   

  
	
  Oak IX Affiliates Fund-A
  Limited Partnership

  	
   

  	
  7,857

  	
   

  
	
  Boulder Ventures III
  (Annex), LP

  	
   

  	
  42

  	
   

  
	
  Boulder Ventures III,
  LP

  	
   

  	
  1,376

  	
   

  
	
  Boulder Ventures IV
  (Annex), LP

  	
   

  	
  63,193

  	
   

  
	
  Boulder Ventures IV, LP

  	
   

  	
  4,969

  	
   

  
	
  BCP Capital QPF, L.P.

  	
   

  	
  126,841

  	
   

  
	
  BCP Capital, L.P.

  	
   

  	
  27,124

  	
   

  
	
  BCP Affiliates Fund LLC

  	
   

  	
  2,006

  	
   

  
	
  Broadview BCPSBS

  	
   

  	
  4

  	
   

  
	
  Nassau Capital Partners
  IV, LP

  	
   

  	
  73,273

  	
   

  
	
  NAS Partners I, LLC

  	
   

  	
  1,048

  	
   

  
	
  Worldview Technology
  Partners III, LP

  	
   

  	
  126,642

  	
   

  
	
  Worldview Technology
  International III, LP

  	
   

  	
  31,214

  	
   

  
	
  Worldview Strategic
  Partners III, LP

  	
   

  	
  2,799

  	
   

  
	
  Worldview III Carrier
  Fund, LP

  	
   

  	
  6,957

  	
   

  
	
  Worldview Technology
  Partners IV, LP

  	
   

  	
  69,598

  	
   

  
	
  Worldview Technology
  International IV, LP

  	
   

  	
  11,351

  	
   

  
	
  Worldview Strategic
  Partners IV, LP

  	
   

  	
  580

  	
   

  
	
  Jerusalem Venture
  Partners III, LP

  	
   

  	
  163,765

  	
   

  
	
  Jerusalem Venture
  Partners Entrepreneurs Fund, III, LP

  	
   

  	
  12,525

  	
   

  
	
  Jerusalem Venture
  Partners III (Israel) LP

  	
   

  	
  4,653

  	
   

  
	
  Jerusalem Venture
  Partners IV, LP

  	
   

  	
  220,672

  	
   

  
	
  Jerusalem Venture
  Partners IV-A, LP

  	
   

  	
  1,874

  	
   

  
	
  Jerusalem Venture
  Partners Entrepreneurs Fund IV, L.P.

  	
   

  	
  1,979

  	
   

  
	
  Jerusalem Venture
  Partners IV (Israel), LP

  	
   

  	
  5,325

  	
   

  
	
  Cisco Systems Capital
  Corporation

  	
   

  	
  245,294

  	
   

  
	
  BNP -Europe Telecom
  & Media Fund II, LP

  	
   

  	
  291,008

  	
   

  
	
  Natio Vie Development 3, FCPR

  	
   

  	
  16,725

  	
   

  
	
  Kline Hawkes Pacific,
  L.P.

  	
   

  	
  28,216

  	
   

  
	
  Kline Hawkes Pacific
  Friends Fund, LLC

  	
   

  	
  952

  	
   

  
	
  Paladin Capital
  Partners Fund, L.P.

  	
   

  	
  21,630

  	
   

  
	
  UFO Communications, Inc

  	
   

  	
  12,265

  	
   

  
	
  Global Access
  Telecommunications, Inc.

  	
   

  	
  18,604

  	
   

  
	
  Columbia Ventures
  Corporation

  	
   

  	
  222,995

  	
   

  
	
  Applegreen Capital, Inc

  	
   

  	
  255

  	
   

  
	
  Broadmark Capital

  	
   

  	
  758

  	
   

  
	
  2001 Penn. Ave.
  Investments, LLC

  	
   

  	
  424

  	
   

  
	
  Worldwide Investments,
  LLC

  	
   

  	
  424

  	
   

  
	
  Karsten Blue

  	
   

  	
  2,067

  	
   

  

 

22

 

Schedule IV

 

SETTLEMENT AGREEMENT AND RELEASE

 

This Settlement Agreement and Release (the “Agreement”)
is made and entered into on              ,
200    by and between Cogent Communications Group, Inc., a
Delaware corporation (the “Company”), and                 (the “Investor”), and inures to the benefit
of the above-named parties’ current, former and future parents, subsidiaries,
predecessors, successors, joint venturers, related and/or affiliated persons,
trust beneficiaries, directors, officers, stockholders, attorneys, accountants,
insurers, reinsurers, agents, employees and assigns, as applicable.

 

RECITALS

 

WHEREAS, the Investor is subject
to certain reporting and restrictive requirements relating to trading the
Company’s securities, including Section 16 of the Securities Exchange Act
of 1934 (the “Act”);

 

WHEREAS, the Company and the
Investor hereby acknowledge that a certain transaction made by the Investor on               ,
200    with respect to the Company’s securities (the “Transaction”)
require the Investor to deliver payment to the Company the amount of $              
, which has been agreed upon by the Company and the Investor (the “Settlement
Amount”), pursuant to Section 16(b) of the Act;

 

WHEREAS, the Company and the
Investor hereby acknowledge the accuracy of the Settlement Amount; and

 

WHEREAS, both the Company and
the Investor wish to resolve any past or current disputes and claims between
them arising from or related to Section 16(b) of the Act and related
securities trading policies of the Company as of the date hereof.

 

NOW,  THEREFORE, THE PARTIES AGREE AS
FOLLOWS:

 

1.                                       The
Recitals and identification of the parties to, and
beneficiaries of, this Agreement are incorporated by reference as though fully
set forth herein;

 

2.                                       The
Investor agrees to deliver to the Company in accordance with the terms hereof,
the full dollar amount of the Settlement Amount no later than five (5) business
days after entering into this Agreement (the “Payment Date”).  Notwithstanding the foregoing, if the
Investor fails to deliver the Settlement Amount on the Payment Date, the
Investor hereby agrees that such Settlement Amount shall accrue interest at a
rate of eight percent (8%) from the Payment Date until paid in full;

 

3.                                       The
Company for itself and its current, former and future parents, subsidiaries,
predecessors, successors, joint venturers, related and/or affiliated persons,
trust beneficiaries, directors, officers, stockholders, attorneys, accountants,
insurers, reinsurers, agents, employees and assigns (whether express, by
implication, or by operation of law) and the Investor, fully and forever release
and discharge each other with respect to any and all claims, liabilities,
causes of action that either party had or now has, either directly or
indirectly, relating to Section 16(b) of the Act or any policies of the
Company relating to trading in the Company’s securities;

 

4.                                       The
parties acknowledge and agree that if any provision of this Agreement is found
to be unenforceable, it will not affect the enforceability of the remaining
provisions and the courts may enforce all remaining provisions to the full
extent permitted by law;

 

23

 

5.                                       This
Agreement contains the entire agreement of the parties and supersedes any prior
agreements on the subject matter thereof. 
The parties further acknowledge and agree that parole evidence shall not
be required to interpret the intent of the parties;

 

6.                                       The
parties acknowledge that each has read and understands this Agreement and that
each is signing this Agreement voluntarily, without coercion, and based upon
his or its own judgment, and not in reliance upon any representations or
promises made by the other party, other than those contained within this
Agreement;

 

7.                                       Each
party represents and warrants that, as of the date of the execution of this
Agreement, he or it has the sole right and authority to execute this Agreement,
and that such party has not sold, assigned, transferred, conveyed or otherwise
disposed of any claims or demands relating to any right surrendered by virtue
of this Agreement. Each party further represents and warrants that he or it has
had the opportunity to consult with, and has consulted, legal counsel in
connection with the negotiation and execution of this Agreement. Each party and
its signatory represents that the signatory is either a party or a business
representative or assignee of, and is fully authorized to execute this
Agreement on behalf of, the party for whom he or she signs; and

 

8.                                       This
Agreement may be signed in counterparts, and said counterparts shall be treated
as though signed as one document.

 

[Signature page to follow]

 

24

 

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be signed on the date hereof.

 

 

	
   

  	
  COGENT COMMUNICATIONS GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [INVESTOR]

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Title:

  

 

25Exhibit 10.02

 

COGENT
COMMUNICATIONS GROUP, INC.

 

SIXTH AMENDED AND RESTATED

STOCKHOLDERS AGREEMENT

 

THIS STOCKHOLDERS AGREEMENT (this “Agreement”)
is made as of the 9th day of February, 2005 by and among
(i) Cogent Communications Group, Inc., a Delaware corporation (the “Company”),
(ii) David Schaeffer (the “Founder”) and (iii) those persons
whose names are set forth under the heading “Purchasers” on Schedule I
hereto (the “Purchasers”).

 

WITNESSETH:

 

WHEREAS, in connection with this Agreement, the
Stockholders listed on Schedule 1 as Purchasers hereto intend to convert their
shares of Preferred Stock, as defined below, into shares of the Company’s
common stock, par value $.001 per share (“Common Stock”);

 

WHEREAS, the Founder and certain of the Purchasers who
purchased the Series F Participating Convertible Preferred Stock, par value
$.001 per share (“Series F Preferred Stock”), of the Company, the
various sub-series of Series G Participating Convertible Preferred Stock, par
value $.001 per share (collectively, the “Series G Preferred Stock”), of
the Company, the Series I Participating Convertible Preferred Stock, par value
$.001 per share (“Series I Preferred Stock”), of the Company, the Series
J Participating Convertible Preferred Stock, par value $.001 per share (“Series
J Preferred Stock”), the Series K Participating Convertible Preferred
Stock, par value $.001 per share (“Series K Preferred Stock”), the
Series L Participating Convertible Preferred Stock, par value $.001 per share (“Series
L Preferred Stock”) and the Series M Participating Convertible Preferred
Stock, par value $.001 per share (“Series M Preferred Stock”), of the
Company, (collectively, the Series F Preferred Stock, Series G Preferred Stock,
Series I Preferred Stock, Series J Preferred Stock, Series K Preferred Stock,
Series L Preferred Stock and Series M Preferred Stock shall be known as the “Preferred
Stock”), are parties to that certain Fifth Amended and Restated
Stockholders Agreement, dated as of October 26, 2004 (the “Fifth A&R
Stockholders Agreement”), and the Company, the Founder and such Purchasers,
constituting signatories sufficient under Section 15 of the Fifth A&R
Stockholders Agreement to amend the Fifth A&R Stockholders Agreement,
desire to amend and restate the Fifth A&R Stockholders Agreement as set
forth herein and execute and deliver this Agreement, setting forth herein
certain terms and conditions governing their relative ownership of the Shares
(as hereinafter defined);

 

NOW THEREFORE, in consideration of the mutual covenants
herein contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Company, the Founder and the
Purchasers hereby agree as follows:

 

1.                                       Prohibited
Transfers. The Founder shall not sell, assign, transfer, pledge,
hypothecate, mortgage or dispose of, by gift or otherwise, or in any way
encumber, all or any

 

 

part of the Shares (as
hereinafter defined) owned by him except in compliance with the terms of this
Agreement.  For purposes of this Agreement,
the term “Shares” shall mean and include all shares of Common Stock of
the Company and all shares of any class or series of equity securities or
equity-backed securities of the Company or any subsidiary, including without
limitation, capital stock (including any shares of treasury stock) or rights,
options, warrants or other securities convertible into or exercisable or
exchangeable for capital stock or any debt security which by its terms is
convertible into or exchangeable for any equity security or has any other
equity feature or any security that is a combination of debt and equity, in any
event that is owned by the Founder, whether presently held or hereafter
acquired.

 

2.                                       Purchasers’
Right of Refusal on Dispositions made by the Founder.  Except as set forth in Section 4, if the
Founder wishes to sell, assign, transfer or otherwise dispose of any or all
Shares owned by him pursuant to the terms of a bona fide offer received from a
third party at any time prior to the earlier six months from the date of this
Agreement or the consummation of a firmly underwritten public offering pursuant
to an effective registration statement under the Securities Act of 1933, as
amended (a “Qualified Offering”), the Founder shall submit a written
offer to sell such Shares to the Purchasers (with a copy to the Company) on
terms and conditions, including price, not less favorable to the Purchasers
than those on which the Founder proposes to sell such Shares to such third
party (the “Offer”).  The Offer
shall disclose the identity of the proposed purchaser or transferee, the Shares
proposed to be sold or transferred, the agreed terms of the sale or transfer
and any other material facts relating to the sale or transfer.  Within thirty (30) days after receipt of the
Offer, each Purchaser and each Qualified Transferee, if any, shall give notice
to the Founder of its intent to purchase all or any portion of the offered
Shares on the same terms and conditions as set forth in the Offer.  Each Purchaser and Qualified Transferee shall
have the right to purchase that number of the Shares as to which the Offer
applies as shall be equal to the aggregate number of such Shares multiplied by
a fraction, the numerator of which is the number of shares of Common Stock of
the Company then owned by such Purchaser or Qualified Transferee (as
applicable) (calculated on an as converted to Common Stock basis, and including
any shares of Common Stock deemed to be beneficially owned by such Purchaser
pursuant to Rule 13d-3 promulgated under the Securities Exchange Act of 1934 (“Rule
13d-3”)) and the denominator of which is the aggregate number of shares of
said Common Stock then issued and outstanding and held by (and deemed to be
beneficially owned by) all the Purchasers (calculated on an as converted to
Common Stock basis).  The amount of
Shares each Purchaser or Qualified Transferee, as that term is defined below,
is entitled to purchase under this Section 2 shall be referred to as such
Purchaser’s “Pro Rata Fraction.” 
Each Purchaser shall have the right to transfer his right to any Pro
Rata Fraction or part thereof to any Qualified Transferee.  If any Purchaser or Qualified Transferee does
not wish to purchase or to transfer his right to purchase his Pro Rata Fraction
(such shares, the “Remaining Offered Shares”), then any Purchasers or
Qualified Transferees who so elect shall have the right to purchase, on a pro
rata basis with any other Purchasers or Qualified Transferees who so elect, any
Pro Rata Fraction not purchased by a Purchaser or Qualified Transferee.  Each Purchaser or Qualified Transferee shall
act upon the Offer as soon as practicable after receipt from the Company of
notice that a Purchaser or Qualified Transferee has not elected to purchase all
of the offered Shares, and in all events

 

2

 

within fifteen (15) days after
receipt thereof.  Each Purchaser and
Qualified Transferee shall have the right to accept the Offer as to all or part
of the Remaining Offered Shares offered thereby.  If a Purchaser or Qualified Transferee shall
elect to purchase all or part of such Purchaser’s or Qualified Transferee’s Pro
Rata Fraction, said Purchaser or Qualified Transferee shall individually
communicate in writing such election to purchase to whichever of the Purchasers
has made the Offer, which communication shall be delivered by hand or delivered
to such Purchaser at the address set forth in Section 8 below and shall,
when taken in conjunction with the Offer be deemed to constitute a valid, legally
binding and enforceable agreement for the sale and purchase of the Shares
covered thereby.

 

If the Purchasers, taken together, do not agree to
purchase all of the Shares offered by the Founder pursuant to the Offer, and
consummate such purchase within the later of forty-five (45) days after receipt
of the Offer and twenty (20) days after the Company shall have notified each
Purchaser and Qualified Transferee of Remaining Offered Shares, such Shares
subject to the Offer as shall not have been purchased may be sold by the
Founder at any time within 90 days after the expiration of the Offer, but
subject to the provisions of Section 3 below.  Any such sale shall be at not less than the
price and upon other terms and conditions, if any, not more favorable to the purchaser
than those specified in the Offer.  Any
Shares not sold within such 90-day period shall continue to be subject to the
requirements of a prior offer and re-sale pursuant to this Section.

 

For purposes hereof, a “Qualified Transferee”
shall mean any person (i) who is a Purchaser, (ii) who is an “affiliated
person” of a Purchaser, as that term is defined in the Investment Company Act
of 1940, or (iii) who is a partner, member or stockholder of a
Purchaser that is a partnership, limited liability company or corporation, as
applicable, and who is offered a pro rata right, based on his, her or its
interest in the Purchaser, to acquire the Shares offered by a Purchaser
pursuant to this Section 2.

 

3.                                       Purchasers’
Right of Participation in Sales made by the Founder.  Except as set forth in Section 4, if at any
time the Founder wishes to sell, transfer or otherwise dispose of any Shares
owned by him to any person (the “Acquiror”) in a transaction which is
subject to the provisions of Section 2 hereof, and such sale, transfer or
other disposition would, when combined with all prior sales, transfers and
other dispositions by the Founder, result in the transfer by the Founder of
Shares representing more than twenty-five percent (25%) of the total number of
shares held by the Founder (the “Founder’s Stock”), each Purchaser shall
have the right to require, as a condition to such sale or disposition, that the
Acquiror purchase from said Purchaser at the same price per Share and on the
same terms and conditions as involved in such sale or disposition by the
Founder the same percentage of shares of Common Stock owned (and deemed to be
beneficially owned under Rule 13d-3) by such Purchaser as such sale or
disposition represents with respect to the number of shares of Founder’s Stock
(calculated on an as converted to Common Stock, fully diluted basis) owned by
the Founder immediately prior to such sale. 
Each Purchaser wishing so to participate in any such sale or disposition
shall notify the Founder of such intention as soon as practicable after receipt
of the Offer made pursuant to

 

3

 

Section 2, and in all events within fifteen
(15) days after receipt thereof.  If a Purchaser shall elect to participate in
such sale or disposition, said Purchaser shall individually communicate such
election to the Founder, which communication shall be delivered by hand or
mailed to the Founder at the address set forth in Section 8 below.  The Founder and/or each participating
Purchaser shall sell to the Acquiror all, or at the option of the Acquiror, any
part of the Stock (as defined in Section 5 below) proposed to be sold by
them at not less than the price and upon other terms and conditions, if any,
not more favorable to the Acquiror than those set forth in the Offer; provided,
however, that any purchase of less than all of such Stock by the
Acquiror shall be made from the Founder and/or each participating Purchaser
based upon a fraction, the numerator of which is the number of shares of Stock
of the Company then owned by the Founder or such participating Purchaser
(including any shares of Common Stock deemed to be owned under Rule 13d-3) and
the denominator of which is the aggregate number of shares of Stock held by
(and deemed to be held by) the Founder and all of the participating
Purchasers.  The Founder shall use his
commercially reasonable efforts to obtain the agreement of the Acquiror to the
participation of the participating Purchasers in the contemplated sale, and
shall not sell any Stock to such Acquiror if such Acquiror declines to permit
the participating Purchasers to participate pursuant to the terms of this
Section 3.  The provisions of this
Section 3 shall not apply to the sale of any Shares by the Founder (i) to
a Purchaser pursuant to an Offer under Section 2 or (ii) made upon or
after the occurrence of a Qualified Offering, the sale of the Company or
control thereof, whether by merger, sale, recapitalization or similar corporate
event or the transfer of more than a majority of its capital stock (calculated
on an as converted to Common Stock, fully diluted basis) or assets (each such
event in this clause (ii), a “Corporate Event”).

 

4.                                       Permitted
Transfers.  Anything herein to the
contrary notwithstanding, the provisions of Sections 1, 2 and 3 shall not
apply to: (a) any transfer of Shares by the Founder by gift or bequest or
through inheritance to, or for the benefit of, any member or members of his
immediate family; (b) any transfer of Shares by the Founder to a trust in
respect of which he serves as trustee, provided that the trust instrument
governing said trust shall provide that Founder, as trustee, shall retain sole
and exclusive control over the voting and disposition of said Shares until the
termination of the applicable restrictions on transfer under this Agreement;
(c) any sale of Common Stock in a public offering pursuant to a
registration statement filed by the Company with the Securities and Exchange
Commission; (d) any repurchase of Shares from officers, employees, directors
or consultants of the Company which are subject to restrictive stock purchase
agreements under which the Company has the option to repurchase such shares
upon the occurrence of certain events, including termination of employment; and
(e) any pledge, hypothecation or other similar financing transaction in which
the Founder continues to have the sole and exclusive authority and right to
vote the shares subject to such pledge, hypothecation or other financing
transaction.  In the event of any such
transfer, other than pursuant to subsection (c) of this Section 4,
the transferee of the Shares shall hold the Shares so acquired with all the
rights conferred by, and subject to all the restrictions imposed by, this
Agreement on the party from whom the transferee received the Shares, and as a
condition to such transfer, each such transferee shall execute and deliver a
written agreement agreeing to be bound by the provisions of this Agreement.

 

4

 

5.                                       Election
of Directors.

 

(a)                                  Election
of Directors.  Each of the parties
hereto agrees to vote all of the Stock (as hereinafter defined and that
entitles the holder thereof to vote in the election of the Board of Directors)
now owned or hereafter acquired by such party (and attend, in person or by
proxy, all meetings of stockholders called for the purpose of electing
directors), and the Company agrees to take all actions (including, but not
limited to the nomination of specified persons) to cause and maintain the
election to the Board of Directors of the Company, to the extent permitted
pursuant to the Company’s certificate of incorporation, of the following:

 

(i)                                     two (2) individuals designated by the Founder (one of the
designees under this subsection shall initially be David Schaeffer);

 

(ii)                                  two
(2) individuals designated by the holders of a majority in interest of the
Shares owned as of the date hereof by Jerusalem Venture Partners and certain of
its affiliates (the designees under this subsection shall initially be Erel
Margalit and Michael Carus);

 

(iii)                               one
(1) individual designated by the holders of a majority in interest of the
Shares owned as of the date hereof by Worldview Technology Partners and certain
of its affiliates (the designee under this subsection shall initially be Tim
Weingarten);

 

(iv)                              one
(1) individual designated by the holders of a majority in interest of the
Shares owned as of the date hereof by Oak Investment Partners and certain of
its affiliates (the designee under this subsection shall initially be Edward
Glassmeyer);

 

(v)                                 one
(1) individual designated by the holders of a majority in interest of the
Shares owned as of the date hereof by Broadview Capital Partners and certain of
its affiliates (the designee under this subsection shall initially be Steven
Brooks); and

 

(vi)                              one (1) individual designated by BNP Europe Telecom &
Media Fund II, LP (the designee under this subsection shall initially be
Jean-Jacques Bertrand);

 

(vii)                           one
(1) individual designated by Columbia Ventures Corporation (the designee under
this subsection shall initially be Kenneth Peterson); and

 

(viii)                        a
three (3) member Compensation Committee, one of the members of which shall be
nominated by the directors elected pursuant to subparagraph (i) above and who
shall not be the Founder and two of the members of which shall be nominated by
the directors elected pursuant to subparagraphs (ii), (iii), (iv) and (v)
above.

 

5

 

Each of the parties further covenants and agrees to
vote, to the extent possible, all Stock of the Company now owned or hereafter
acquired by such party so that (i) the Company’s Board of Directors shall
consist of ten (10) members, nine (9) of whom shall be nominated or designated
as set forth above and the tenth of whom shall be an independent director
nominated by the Company’s Board of Directors, (ii) the Compensation Committee
thereof shall consist of three (3) members, each of whom shall be nominated as
set forth above, and (iii) the Board of Directors may appoint up to four
persons as observers at each meeting of the Board of Directors and any
committee (other than the Compensation Committee) thereof, provided that at
least one of such observers shall be selected by the director designated by BNP
Europe Telecom & Media Fund II, LP. 
For the purposes of this Agreement, “Stock” shall mean and
include all Preferred Stock and Common Stock and all other securities of the
Company which may be exchangeable for or issued in exchange for or in respect
of shares of Common Stock (whether by way of stock split, stock dividends,
combination, reclassification, reorganization or any other means).

 

In the absence of any designation from the persons or
groups so designating directors as specified above, the director previously
designated by them and then serving shall be reelected if still eligible to
serve as provided herein.

 

No party hereto shall vote to remove any member of the
Board of Directors or the Compensation Committee thereof designated in
accordance with the aforesaid procedure unless the persons or groups so
designating directors as specified above so vote, and, if such persons or
groups so vote then the non-designating party or parties shall likewise so
vote.

 

Any vacancy on the Board of Directors or the
Compensation Committee thereof created by the resignation, removal, incapacity
or death of any person designated under this Section 5 shall be filled by
another person designated in a manner so as to preserve the constituency of the
Board or such Committee as provided above.

 

(b)                                 [Reserved]

 

6.                                       Right
of Participation in Sales by the Company.

 

(a)                                  Right
of Participation.  Except as provided
in Section 6(f) of this Agreement, the Company shall not issue, sell or
exchange, agree or obligate itself to issue, sell or exchange, or reserve or
set aside for issuance, sale or exchange, any (i) shares of Common Stock,
(ii) any other equity security of the Company, including without
limitation, shares of preferred stock, (iii) any debt security of the
Company (other than debt with no equity feature) including without limitation,
any debt security which by its terms is convertible into or exchangeable for
any equity security of the Company, (iv) any security of the Company that
is a combination of debt and equity, or (v) any option, warrant or other
right to subscribe for, purchase or otherwise acquire any such equity security
or any such debt security of the Company, unless in each case the Company shall
have first offered to sell such securities (the “Offered Securities”) to
the Purchasers who hold individually or together with their affiliates at least
2,500,000 Shares of the Common Stock, as adjusted for stock splits, stock
dividends, reclassifications, recapitalizations

 

6

 

or other similar events, (such Purchasers being referred to as the “Participating
Stockholders”) as follows:  The
Company shall offer to sell to each Participating Stockholder (a) that
portion of the Offered Securities as the number of shares of Common Stock
(including all shares of capital stock convertible into Common Stock, on a
fully-diluted basis) then held by such Participating Stockholder, as the case
may be, bears to the total number of shares of Common Stock (including all
shares of capital stock convertible into Common Stock, on a fully-diluted
basis) of the Company then outstanding (the “Basic Amount,” and the
aggregate of the Basic Amounts of all Participating Stockholders being referred
to as the “Aggregate Basic Amount”), and (b) such additional
portion of the Aggregate Basic Amount as such Participating Stockholder shall
indicate it will purchase should the other Participating Stockholders subscribe
for less than their Basic Amounts (the “Undersubscription Amount”), at a
price and on such other terms as shall have been specified by the Company in
writing delivered to such Participating Stockholder (the “Offer”), which
Offer by its terms shall remain open and irrevocable for a period of twenty
(20) days from receipt of the offer.

 

(b)                                 Notice
of Acceptance.  Notice of each
Participating Stockholder’s intention to accept, in whole or in part, any Offer
made pursuant to Section 6(a) shall be evidenced by a writing signed by
such Participating Stockholder and delivered to the Company prior to the end of
the 20-day period of such offer, setting forth such of the Participating
Stockholder’s Basic Amount as such Participating Stockholder elects to purchase
and, if such Participating Stockholder shall elect to purchase all of its Basic
Amount, such Undersubscription Amount as such Participating Stockholder shall
elect to purchase (the “Notice of Acceptance”).  If the Basic Amounts subscribed for by all
Participating Stockholders are less than the total Aggregate Basic Amount, then
each Participating Stockholder who has set forth Undersubscription Amounts in
its Notice of Acceptance shall be entitled to purchase, in addition to the
Basic Amounts subscribed for, all Undersubscription Amounts it has subscribed
for; provided, however, that should the Undersubscription Amounts
subscribed for exceed the difference between the Aggregate Basic Amount and the
Basic Amounts subscribed for (the “Available Undersubscription Amount”),
each Participating Stockholder who has subscribed for any Undersubscription
Amount shall be entitled to purchase only that portion of the Available
Undersubscription Amount as the Undersubscription Amount subscribed for by such
Participating Stockholder bears to the total Undersubscription Amounts
subscribed for by all Participating Stockholders, subject to rounding by the
Board of Directors to the extent it reasonably deems necessary.

 

7

 

(c)                                  Conditions
to Acceptances and Purchase.

 

(i)                                     Permitted
Sales of Refused Securities.  If
Notices of Acceptance are not given by the Participating Stockholders in
respect of all the Aggregate Basic Amount, the Company shall have ninety (90)
days from the expiration of the period set forth in Section 6(a) to close the
sale of all or any part of such Aggregate Basic Amount as to which a Notice of
Acceptance has not been given by the Participating Stockholders (the “Refused
Securities”) to the person or persons specified in the Offer, but only for
cash and otherwise in all respects upon terms and conditions, including, without
limitation, unit price and interest rates, which are no more favorable, in the
aggregate, to such other person or persons or less favorable to the Company
than those set forth in the Offer.

 

(ii)                                  Reduction
in Amount of Offered Securities.  If
the Company shall propose to sell less than all the Refused Securities (any
such sale to be in the manner and on the terms specified in
Section 6(c)(i) above), then each Participating Stockholder may, at its
sole option and in its sole discretion, reduce the number of, or other units of
the Offered Securities specified in its respective Notices of Acceptance to an
amount which shall be not less than the amount of the Offered Securities which
the Participating Stockholder elected to purchase pursuant to Section 6(b)
multiplied by a fraction, (A) the numerator of which shall be the amount
of Offered Securities which the Company actually proposes to sell, and
(B) the denominator of which shall be the amount of all Offered
Securities.  In the event that any
Participating Stockholder so elects to reduce the number or amount of Offered
Securities specified in its respective Notices of Acceptance, the Company may
not sell or otherwise dispose of more than the reduced amount of the Offered
Securities until such securities have again been offered to the Participating
Stockholders in accordance with Section 6(a).

 

(iii)                               Closing.  Upon the closing, which shall include full
payment to the Company, of the sale to such other person or persons of all or
less than all the Refused Securities, the Participating Stockholders shall
purchase from the Company, and the Company shall sell to the Participating
Stockholders, the number of Offered Securities specified in the Notices of
Acceptance, as reduced pursuant to Section 6(c)(ii) if the Participating
Stockholders have so elected, upon the terms and conditions specified in the
Offer.  The purchase by the Participating
Stockholders of any Offered Securities is subject in all cases to the
preparation, execution and delivery by the Company and the Participating
Stockholders of a purchase agreement relating to such Offered Securities
reasonably satisfactory in form and substance to the Participating Stockholders
and their respective counsel.

 

(d)                                 Further
Sale.  In each case, any Offered
Securities not purchased by the Participating Stockholders or other person or
persons in accordance with Section 6(c) may not be sold or otherwise disposed
of until they are again offered to the Participating Stockholders under the
procedures specified in Sections 6(a), 6(b) and 6(c).

 

8

 

(e)                                  Termination
of Right of Participation.  The
rights of the Participating Stockholders under this Section 6 shall terminate
immediately prior to the consummation of a Qualified Offering.

 

(f)                                    Exception.  The rights of the Participating Stockholders
under this Section 6 shall not apply to:

 

(i)                                     Common
Stock issued as a stock dividend to holders of Common Stock or upon any
subdivision or combination of shares of Common Stock,

 

(ii)                                  shares of any series of preferred stock issued as a dividend
to holders of such series of preferred stock upon any subdivision or
combination of shares of such series of preferred stock,

 

(iii)                               shares of Common Stock issued or issuable upon conversion of
preferred stock or other securities of the Company convertible into Common
Stock,

 

(iv)                              up
to 29,268,461 shares of Common Stock issued or issuable pursuant to options,
warrants or other rights (as adjusted for any stock dividends, combinations,
splits, recapitalizations and the like) issued to employees, officers or
directors of, or consultants or advisors to the Company or any subsidiary
pursuant to stock purchase or stock option plans or other arrangements that are
approved by the Board of Directors,

 

(v)                                 Common
Stock issued pursuant to the acquisition of another corporation by the Company
by merger (whereby the Company owns no less than 51% of the voting power of
such corporation) or purchase of substantially all of its stock or assets, if
such acquisition is approved by a majority of the Directors nominated in the
manner set forth in Section 5 hereof,

 

(vi)                              Common
Stock offered to the public pursuant to a registration statement filed
under the Securities Act,

 

(vii)                           Common
Stock, or options or warrants to purchase Common Stock, issued to financial
institutions or lessors in connection with commercial credit arrangements,
equipment financings or similar transactions, as approved by the two-thirds
(2/3rds) of the then sitting members of the Board of Directors, and

 

(viii)                        the issuance of Common Stock upon the conversion of
the Notes or the issuance of additional convertible debt or equity as a
paid-in-kind interest payment the Notes approved by the Board of Directors.

 

(g)                                 Waiver.  The rights of the Purchasers under this
Section 6 may be waived in any instance, on behalf of all of the Purchasers,
prospectively or retroactively, by the written

 

9

 

agreement of the holders of
two-thirds in interest of the Common Stock owned beneficially or of record by
the Purchasers.  Upon waiver of the
rights of the Purchasers in accordance with this subsection (g) with respect to
a particular issuance, sale or exchange of Offered Securities, the Purchasers
shall be excluded from the definition of “Participating Stockholders”
for purposes of this Section 6 with respect to such issuance, sale or exchange.

 

7.                                       Termination.  This Agreement, and the respective rights and
obligations of the parties hereto, shall terminate upon the earliest to occur
of the following: (i) the completion of a Qualified Offering, provided
that the obligations of Section 9 shall survive such termination; or
(ii) the sale of the Company, whether by merger, sale, or transfer of more
than ninety percent (90%) of its capital stock, or sale of substantially all of
its assets.  In addition, any Purchaser
or Qualified Transferee may elect to terminate its rights and obligations with
respect to any or all of Sections 2, 3 or 5 by providing written notice of such
election to the Company at any time.

 

8.                                       Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed to have been given when
delivered or mailed by first class, registered or certified mail (air mail if
to or from outside the United States), return receipt requested, postage
prepaid, or by internationally, recognized overnight courier service (two
business days after deposit with such overnight courier service in the case of
deliveries to non-U.S. residents), if to each Purchaser at his respective
address set forth on Schedule I hereto, and if to the Founder, at his
address set forth on Schedule I hereto or to such other address as the
addressee shall have furnished to the other parties hereto in the manner
prescribed by this Section 8.

 

9.                                       Lock-up
Agreement.  Each of the Purchasers
and holders of Founder’s Stock hereby agrees in connection with the Company’s
Qualified Offering, upon the request of the principal underwriter managing the
Qualified Offering of the Company, not to sell publicly any Shares now owned or
hereafter acquired by him, her or it and subject to this Agreement (other than
Shares being registered in such offering or any shares purchased in the open
market after the Company’s initial public offering) without the prior written
consent of such underwriter for a period of time (not to exceed ninety (90)
days) from the consummation of such Qualified Offering as the underwriter may
specify, in all events subject to the provisions of Section 13(f) of a
certain Seventh Amended and Restated Registration Rights Agreement dated as of
October 26, 2004.

 

10.                                 Failure
to Deliver Shares.  If the Founder
becomes obligated to sell any Shares owned by, or held for the benefit of, such
Purchaser to the Founder, another Purchaser or a Qualified Transferee under
this Agreement and fails to deliver such shares in accordance with the terms of
this Agreement, the Founder or such Purchaser, as applicable, may, at his or
its option, in addition to all other remedies it may have, send to the Company
for the benefit of such selling Purchaser the purchase price for such Shares as
is herein specified.  Thereupon, the
Company upon written notice to said Purchaser,
(a) shall cancel on its books the certificate(s) representing the Shares
to be sold and (b) shall issue, in lieu thereof, in the name of the
Founder

 

10

 

or such Purchaser, as applicable,
a new certificate(s) representing such Shares, and thereupon all of said
Purchaser’s rights in and to such shares shall terminate.  The Company may exercise a similar remedy in
enforcing its rights under Section 2.  If
the Founder transfers any shares to a Purchaser in violation of this Agreement,
the Company may, at the election of a majority of the disinterested members of
the Board of Directors, cancel on the books of the Company any shares of
capital stock then held by the Founder, and compel the Founder to purchase from
any transferee a number of shares of capital stock equal to the amount so
transferred in violation of this Agreement.

 

11.                                 Specific
Performance.  The rights of the
parties under this Agreement are unique and, accordingly, the parties shall, in
addition to such other remedies as may be available to any of them at law or in
equity, have the right to enforce their rights hereunder by actions for
specific performance to the extent permitted by law.

 

12.                                 Legend.  Until this Agreement terminates in full, the
certificates representing the Shares shall bear on their face a legend
indicating the existence of the restrictions imposed hereby.  After the Qualified Offering, the Company
shall not issue or deliver to any transfer agent a stop transfer notice with
respect to any Shares, the transfer of which is permitted pursuant to Rule
144(k) and the Securities Act of 1933.

 

13.                                 Entire
Agreement.  This Agreement (including
any and all exhibits, schedules and other instruments contemplated thereby)
constitutes the entire agreement among the parties with respect to the subject
matter hereof and supersedes all prior agreements and understandings between
them or any of them as to such subject matter.

 

14.                                 Waivers
and Further Agreements.  Except as
otherwise expressly set forth herein, the rights of the Purchasers and holders
of Founder’s Stock under this Agreement may be waived by an instrument in
writing executed and delivered by Purchasers holding at least two-thirds in
interest of the Stock, on an as if converted to Common Stock basis, then held
or deemed to be held by all Purchasers and holders of Founder’s Stock; provided,
however, that the rights set forth in Section 5 with respect to the
designation of the Board of Directors of the Company may not be waived without
the prior written consent of the constituency affected by such waiver, which
waiver shall be obtained in a manner consistent with, and shall require the
same percentages prescribed in, Section 5. 
Any waiver by any party of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any subsequent breach of that
provision or of any other provision hereof. 
Each of the parties hereto agrees to execute all such further
instruments and documents and to take all such further action as any other
party may reasonably require in order to effectuate
the terms and purposes of this Agreement. 
Notwithstanding the foregoing, no waiver approved in accordance herewith
shall be effective if and to the extent that such waiver grants to any one or
more Purchasers or holders of Founder’s Stock any rights more favorable than
any rights granted to all other Purchasers and holders of Founder’s Stock or
otherwise treats any one or more of such parties differently than all other
such parties.

 

11

 

15.                                 Amendments.  Except as otherwise expressly
provided herein, this Agreement may not be amended except by an instrument in
writing executed by (i) holders of at least two-thirds in interest of the
Stock of the Purchasers, and (ii) the Company.  Notwithstanding the foregoing, no amendment
approved in accordance with this Section 15 shall be effective if and to
the extent that such amendment (i) creates any additional affirmative
obligations to be complied with by any or all of the Purchasers and holders of
Founder’s Stock unless approved by holders of all of the Stock then outstanding
and/or (ii) adversely affects any of the Founder’s rights existing under this
Agreement prior to such amendment in a manner that is inconsistent with, or
disproportionate to, the effect of such amendment on the other parties hereto
and/or (iii) adversely affects any Purchaser’s rights existing under this
Agreement prior to such amendment in a manner that is inconsistent with, or
disproportionate to, the effect of such amendment on the other Purchasers.  In addition, the rights set forth in
Section 5 with respect to the designation of the Board of Directors of the
Company may not be amended without the prior written consent of the
constituency affected by such amendment, which consent shall be obtained in a
manner consistent with Section 5.

 

16.                                 Assignment;
Successors and Assigns.  This
Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective heirs, executors, legal representatives, successors
and permitted transferees, except as may be expressly provided otherwise
herein, and  provided, further, that no Purchaser may
transfer its rights or obligations hereunder except to a Qualified Transferee.

 

17.                                 Severability.  In case any one or more of the provisions
contained in this Agreement shall for any reason be held to be invalid, illegal
or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement and
such invalid, illegal and unenforceable provision shall be reformed and
construed so that it will be valid, legal, and enforceable to the maximum
extent permitted by law.

 

18.                                 Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

20.                                 Section
Headings.  The headings contained in
this Agreement are for reference purposes only and shall not in any way affect
the meaning or interpretation of this Agreement.

 

21.                                 Governing
Law.  This Agreement shall be
construed and enforced in accordance with and governed by the laws of the State
of New York.

 

22.                                 Fifth
A&R Stockholders Agreement.  This
Agreement amends and restates the Fifth A&R
Stockholders Agreement by, among other things, eliminating reference to the
Preferred Stock of the Company.  Upon and
after the execution of this Agreement, the Fifth A&R
Stockholders Agreement shall be terminated and of no further force and effect.

 

12

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

13

 

IN WITNESS WHEREOF, the parties hereto have executed
this SIXTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT as of the date first
above written.

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  OAK
  INVESTMENT PARTNERS IX,

  
	
   

  	
  LIMITED PARTNERSHIP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Oak
  Associates IX, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
  OAK IX
  AFFILIATES FUND, LIMITED PARTNERSHIP

  
	
   

  	
  By:

  	
  Oak
  IX Affiliates, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title:
  Managing Member

  
	
   

  	
   

  
	
   

  	
  OAK IX
  AFFILIATES FUND-A, LIMITED

  PARTNERSHIP

  
	
   

  	
  By:

  	
  Oak
  Associates IX, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Edward Glassmeyer

  
	
   

  	
  Title: Managing Member

  
					

 

14

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

	
   

  	
  JERUSALEM VENTURE PARTNERS
  III, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Partners III, L.P., its General Partner

  
	
   

  	
  By:

  	
  Jerusalem
  Venture Partners Corporation, its

  
	
   

  	
   

  	
  General
  Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JERUSALEM
  VENTURE PARTNERS III

  
	
   

  	
  (ISRAEL),
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Venture Partners III (Israel) Management

  
	
   

  	
   

  	
  Company
  Ltd., its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JERUSALEM
  VENTURE PARTNERS

  
	
   

  	
  ENTREPRENEURS FUND III,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Partners III, L.P., its General Partner

  
	
   

  	
  By:

  	
  Jerusalem
  Venture Partners Corporation, its

  
	
   

  	
   

  	
  General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
					

 

15

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  JERUSALEM VENTURE PARTNERS
  IV, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Partners IV, L.P., its General Partner

  
	
   

  	
  By:

  	
  JVP
  Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS IV (Israel), L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Partners IV – Venture Capital, L.P.,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
  By:

  	
  JVP
  Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS
  IV-A, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Venture Partners IV, L.P., its General

  
	
   

  	
   

  	
  Partner

  
	
   

  	
  By:

  	
  JVP
  Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
	
   

  	
   

  	
   

  
	
   

  	
  JERUSALEM VENTURE PARTNERS

  
	
   

  	
  ENTREPRENEURS FUND IV,
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Jerusalem
  Venture Partners IV, L.P., its General

  
	
   

  	
   

  	
  Partner

  
	
   

  	
  By:

  	
  JVP
  Corp IV, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Erel Margalit

  
						

 

16

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  WORLDVIEW
  TECHNOLOGY PARTNERS III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW
  TECHNOLOGY INTERNATIONAL III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW STRATEGIC
  PARTNERS III, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW III CARRIER
  FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Worldview
  Capital III, L.P., its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: James Wei

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW
  TECHNOLOGY

  
	
   

  	
  PARTNERS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW
  TECHNOLOGY

  
	
   

  	
  INTERNATIONAL IV, L.P.

  
	
   

  	
   

  
	
   

  	
  WORLDVIEW STRATEGIC
  PARTNERS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Worldview
  Capital IV, L.P., its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: James Wei

  
					

 

17

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  BCP CAPITAL, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  BCP
  General LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BCP CAPITAL QPF, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  BCP General LLC, its
  General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BCP AFFILIATES FUND LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  BCP Capital Management
  LLC, its Manager

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Steven D. Brooks

  
	
   

  	
  Title:

  	
  Managing Director

  
						

 

18

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  BOULDER
  VENTURES IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOULDER
  VENTURES IV (ANNEX), L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Andrew E. Jones

  
	
   

  	
  Title: General Partner

  

 

19

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  NAS PARTNERS I L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Nassau
  Capital LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Randall A. Hack

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NASSAU CAPITAL PARTNERS IV
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Nassau
  Capital LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Randall A. Hack

  
	
   

  	
  Title: Managing Member

  
					

 

20

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  BNP EUROPE TELECOM &
  MEDIA FUND II, LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Shawna Morehouse
  & Martin Laidlaw

  
	
   

  	
  Title: Authorized
  Signatories

  
	
   

  	
  By: General Business, Finance
  and Investment Ltd., its General Partner and By: Commerce Advisory Services
  Ltd, as Director and Partnership Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NATIO
  VIE DEVELOPPEMENT 3, FCPR

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Bernard d’Hotelans

  
	
   

  	
  Title: Directeur Associe

  

 

21

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  CISCO SYSTEMS CAPITAL CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

22

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  David Schaeffer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE SCHAEFFER DESCENDENTS TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Ruth Schaeffer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COGENT COMMUNICATIONS GROUP, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: David Schaeffer

  
	
   

  	
  Title: Chairman and Chief Executive Officer

  

 

23

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  UFO COMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:
  Jay Ferguson

  
	
   

  	
  Title:
  Chairman

  

 

24

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  PALADIN CAPITAL PARTNERS
  FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Paladin
  General Holdings, LLC

  
	
   

  	
   

  	
  Its
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:
  Frank J. Hanna, Jr.

  
	
   

  	
  Title:
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WORLDWIDE INVESTMENTS, LLC

  
	
   

  	
   

  
	
   

  	
  By:
  Worldwide Assets, Inc., its Sole Member

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:
  Frank J. Hannah

  
	
   

  	
  Title:
  Chairman & Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  2001 PENN. AVE. INVESTMENTS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:
  Michael R. Steed

  
	
   

  	
  Title:
  President

  
					

 

25

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  KLINE HAWKES PACIFIC, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Kline Hawkes
  Pacific Advisors, LLC,

  its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Jay Ferguson

  
	
   

  	
  Title: Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  KLINE HAWKES PACIFIC FRIENDS FUND, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Kline Hawkes Pacific Advisors, LLC,
 its Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Jay Ferguson

  
	
   

  	
  Title: Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BROADMARK CAPITAL, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: Joseph L. Schocken

  
	
   

  	
  Title: President

  
					

 

26

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  GLOBAL ACCESS TELECOMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: John E.
  Jones

  
	
   

  	
  Title: Vice
  President

  

 

27

 

[Signature Page to Sixth Amended
and Restated Stockholders Agreement]

 

 

	
   

  	
  COLUMBIA VENTURES CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Kenneth D. Peterson,
  Jr.

  
	
   

  	
  Title: Chief Executive
  Officer 

  

 

28

 

Schedule 1

 

	
  Cisco Systems Capital Corporation

  	
   

  	
   

  
	
  David Schaeffer

  	
   

  	
   

  
	
  Ruth E. Schaeffer, Trustee of the Schaeffer
  Descendents Trust

  	
   

  	
   

  
	
  Denise Shen

  	
   

  	
   

  
	
  Barry Morris

  	
   

  	
   

  
	
  Scott Welker

  	
   

  	
   

  
	
  Edward Lu

  	
   

  	
   

  
	
  Bradley Griggs

  	
   

  	
   

  
	
  Scott Stewart

  	
   

  	
   

  
	
  Thaddeus Weed

  	
   

  	
   

  
	
  C Blair Partners, LP

  	
   

  	
   

  
	
  C. Blair Partners II, LP

  	
   

  	
   

  
	
  C. Blair Fund, Ltd.

  	
   

  	
   

  
	
  BNP Europe Telecom & Media Fund II, LP

  	
   

  	
  c/o CIBC Financial Center

  11 Dr. Roy’s Drive, 3rd Floor

  P.O. Box 694 GT

  Grand Cayman

  Cayman Islands, B.W.I.

  
	
  Natio vie Developpement
  3, FCPR

  	
   

  	
  BNP Private Equity

  32, boulevard Haussman

  75009 Paris

  France

  
	
  Jerusalem Venture Partners III (Israel), L.P.

  	
   

  	
  Jerusalem Technology Park

  
	
  Jerusalem Venture Partners IV (Israel), L.P.

  	
   

  	
  Building One Mahla,

  Jerusalem 91847

  Attn: Erel Margalit

  
	
  Jerusalem Venture Partners III, L.P.

  	
   

  	
  666 Fifth Avenue

  
	
  Jerusalem Venture Partners Entrepreneurs Fund III,
  L.P.

  	
   

  	
  Suite 195

  New York, NY 10103

  
	
  Jerusalem Venture Partners IV, L.P.

  	
   

  	
   

  
	
  Jerusalem Venture Partners IV-A, L.P.

  	
   

  	
   

  
	
  Jerusalem Venture Partners Entrepreneurs Fund IV,
  L.P.

  	
   

  	
   

  
	
  Oak Investment Partners IX, LP

  	
   

  	
  One Gorham Island

  
	
  Oak IX Affiliates Fund, LP

  	
   

  	
  Westport, CT 06880

  
	
  Oak IX Affiliates Fund-A, LP

  	
   

  	
  Attn: Ed Glassmeyer

  
	
  Worldview Technology Partners III, LP

  	
   

  	
  435 Tasso Street #120

  
	
  Worldview Technology International III, LP

  	
   

  	
  Palo Alto, CA 94301

  

 

29

 

	
  Worldview Strategic Partners III, LP

  	
   

  	
   

  
	
  Worldview III Carrier Fund, LP

  	
   

  	
   

  
	
  Boulder Ventures IV, LP

  	
   

  	
  4750 Owings Mills Blvd.

  
	
  Boulder Ventures IV (Annex), LP

  	
   

  	
  Owings Mills, MD 21117

  Attn: Andy Jones

  
	
  Nassau Capital Partners IV, LP

  	
   

  	
  Capstone Capitl L.L.C.

  
	
  NAS Partners I, LLC

  	
   

  	
  4700 Province Line Road

  Princeton, NJ 08540

  Attn: Randall A. Hack

  
	
  BCP Capital, L.P.

  	
   

  	
  BCP Capital Management LLC

  
	
  BCP Capital QPF, L.P.

  	
   

  	
  One Maritime Plaza, Suite 2525

  
	
  BCP Affiliates Fund Llc

  	
   

  	
  San Francisco, CA 94111

  
	
   

  	
   

  	
  Attn: David Kapnick

  
	
  Paladin Capital
  Partners Fund, L.P.

  	
   

  	
  2001 Pennsylvania Avenue NW

  
	
   

  	
   

  	
  Suite 400

  
	
   

  	
   

  	
  Washington, D.C. 20006

  
	
  Worldwide
  Investments, LLC

  	
   

  	
  Worldwide Investments, LLC

  
	
   

  	
   

  	
  c/o Worldwide Assets, Inc.

  
	
   

  	
   

  	
  P.O. Box 27740

  
	
   

  	
   

  	
  Las Vegas, NV 89126

  
	
  2001 Penn. Ave.
  Investments, LLC

  	
   

  	
  2001 Pennsylvania Avenue,

  
	
   

  	
   

  	
  Suite 400

  
	
   

  	
   

  	
  Washington, DC 20006

  
	
  Kline Hawkes
  Pacific, L.P.

  	
   

  	
  11726 San Vicente Blvd., Suite 300

  
	
   

  	
   

  	
  Los Angeles, CA 90049

  
	
  Kline Hawkes
  Pacific Friends Fund, LLC

  	
   

  	
  11726 San Vicente Blvd., Suite 300

  
	
   

  	
   

  	
  Los Angeles, CA 90049

  
	
  Broadmark
  Capital

  	
   

  	
  2800 One Union Square

  
	
   

  	
   

  	
  600 University Street

  
	
   

  	
   

  	
  Seattle, WA 98101

  
	
  UFO Communications, Inc.

  	
   

  	
  60 Federal St, Suite 304

  
	
   

  	
   

  	
  San Francisco, CA 94107

  
	
  Columbia Ventures
  Corporation

  	
   

  	
   

  
	
  Comdisco, Inc.

  	
   

  	
   

  
	
  ACON Venture
  Partners, LP

  	
   

  	
   

  
	
  Clipperbay &
  Co.

  	
   

  	
   

  
	
  Covestco-Venture,
  LLC

  	
   

  	
   

  
	
  2M Technology Ventures, L.P.

  	
   

  	
   

  

 

30

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]