Document:

Unassociated Document

     

    Exhibit
      10.10

     

    STOCK
      PURCHASE WARRANT

    To
      Purchase Shares of Common Stock of

    International
      Microcomputer Software, Inc.

    

     

    THIS
      CERTIFIES that, for value received,
      __________,
      The
      Holder, or Holder’s transferee (the "Holder"), is entitled, upon the terms and
      subject to the conditions set forth herein, at any time on or after the date
      of
      this Warrant and on or before, but in no case after, five (5) years from the
      date of this Warrant, to subscribe for and purchase, from International
      Microcomputer Software, Inc., a California corporation (the "Company"), shares
      of the Company's Common Stock. 

     

    This
      Warrant is issued in connection with certain Agreement(s) (the "Agreement"),
      a
      form of which is attached hereto as Exhibit A and incorporated herein by this
      reference.

     

    1. Number
      of Warrant Shares and Vesting.
      

     

    This
      Warrant entitles the Holder to purchase up to the number of shares of the Common
      Stock of Company equal to ____________ shares of Common Stock sold pursuant
      to
      the Agreements. The Warrants shall vest as follows: __________.

     

    2.
      Exercise
      Price.
      

     

    The
      purchase price is the closing price of the Common Stock of the Company on
      __________, which was $_____. 

     

    3. Exercise
      of Warrant.
      The
      purchase rights represented by this Warrant are exercisable by the Holder,
      in whole or in part, at any time on or after the date of this Warrant and
      on or before five (5) years from the date of this Warrant, by the surrender
      of
      this Warrant, a Notice of Exercise in the form attached as Exhibit B. If no
      registration statement is then in effect with respect to shares issuable on
      exercise of this warrant, the Investment Representation Certificate in the
      form
      attached as Exhibit C duly executed at the office of the Company in Novato,
      California (or such other office or agency of the Company as it may designate
      by
      notice in writing to the Holder at the address of such Holder appearing on
      the
      books of the Company), and upon payment of the purchase price of the shares
      thereby purchased (by cash or by check or bank draft payable to the order of
      the
      Company or by cancellation of indebtedness of the Company to the Holder, if
      any,
      at the time of exercise in an amount equal to the purchase price of the shares
      thereby purchased); whereupon the Holder shall be entitled to receive a
      certificate for the number of shares of Common Stock so purchased.

     

    

    
      
         

      

      
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    4. Conversion
      of Warrant (Cashless Exercise).
      In lieu of exercising this Warrant as described in Section 3, the registered
      holder hereof shall have the right to convert this warrant, in whole or in
      part,
      by surrender of this Warrant and a Notice of Conversion in the form attached
      as
      Exhibit D duly executed at the office of the Company, into shares of Common
      Stock of the Company, as provided in this Section 4. Upon exercise of this
      conversion right, the holder hereof shall be entitled to receive that number
      of
      shares of Common Stock of the Company equal to the quotient obtained by dividing
      [(A - B)(X)] by (A), where:

     

    A
      = the Fair Market Value (as defined below) of one share of Common Stock on
      the
      date of conversion of this Warrant.

     

    B
      = the purchase price for one share of Common Stock under this
      Warrant.

     

    X
      = the number of shares of Common Stock as to which this Warrant is being
      converted.

     

    If
      the above calculation results in a negative number, then no shares of Common
      Stock shall be issued or issuable upon conversion of this
      Warrant.

     

    "Fair
      Market Value" of a share of Common Stock shall be the average closing price
      of
      such stock on the ten (10) trading days immediately preceding the date as of
      which such value is to be determined. 

     

    5. Restrictions
      on Transfer.
      

     

    (a) Permitted
      Transfers.
      This
      Warrant shall be freely transferable in whole or in part, subject to the
      limitations specified in this Section 5, provided that any such transfer
      shall be for not less than 10% of the amount of this Warrant.

     

    (b) Investment
      Representation.
      The
      Holder agrees that the Holder will not offer, sell or otherwise dispose of
      this
      Warrant or any securities issued on exercise of this Warrant except under
      circumstances which will not result in a violation of the Securities Act. Unless
      a registration statement is in effect, then upon exercise of this Warrant,
      the
      Holder shall confirm in writing, by executing the form attached as
      Exhibit C hereto, that the securities purchased thereby are being acquired
      for investment solely for the Holder's own account and not as a nominee for
      any
      other Person, and not with a view toward distribution or resale.

     

    
      
         

      

      
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    (c) Disposition
      of Warrant or Shares.
      With
      respect to any offer, sale or other disposition of this Warrant or any
      securities issued upon exercise of this Warrant, the Holder agrees to give
      written notice to the Company prior thereto, describing briefly the manner
      thereof, together with a written opinion of the Holder's counsel, if reasonably
      requested by the Company, to the effect that such offer, sale or other
      disposition may be effected without registration under the Securities Act or
      qualification under any applicable state securities laws of this Warrant or
      such
      shares, as the case may be, and indicating whether or not under the Securities
      Act certificates for this Warrant or such shares, as the case may be, to be
      sold
      or otherwise disposed of require any restrictive legend as to applicable
      restrictions on transferability in order to insure compliance with the
      Securities Act. Each certificate representing this Warrant or the securities
      thus transferred (except a transfer pursuant to Rule 144) shall bear a
      legend as to the applicable restrictions on transferability in order to insure
      compliance with the Securities Act, unless in the aforesaid reasonably
      satisfactory opinion of counsel for the Holder or the security holder, as the
      case may be, such legend is not necessary in order to insure compliance with
      the
      Securities Act. The Company may issue stop transfer instructions to its transfer
      agent in connection with such restrictions.

     

    In
      the
      event Holder seeks an opinion from Holder's counsel as to transfer without
      registration, the Company shall provide such factual information to Holder's
      counsel as Holder's counsel may reasonably request for the purpose of rendering
      such opinion and such counsel may rely on the accuracy and completeness of
      such
      information in rendering such opinion.

     

    (d) Procedure.
      Subject
      to the limitations set forth in this Section 5, Holder may transfer the
      Warrant on the books of the Company by surrendering to the Company:
      (i) this Warrant; (ii) a written Assignment, in the form attached as
      Exhibit E, naming the assignee and duly executed by Holder; and
      (iii) funds sufficient to pay any stock transfer taxes payable upon the
      making of such transfer.

     

    The
      company shall thereupon execute and deliver a new Warrant in the name of the
      assignee specified in such instrument of assignment, and if the Warrant is
      transferred in part, the Company shall also execute and deliver in the name
      of
      the Holder a new Warrant covering the untransferred portion of the Warrant.
      Upon
      issuance of the new Warrant or Warrants, the Warrant surrendered for transfer
      shall be canceled by the Company.

     

    (e) Expenses.
      The
      Company shall pay all expenses, and other charges payable in connection with
      the
      preparation, issue, and delivery of any new Warrant under this
      Section 5.

     

    6. No
      Rights as Shareholder.
      This
      Warrant does not entitle the Holder to any voting rights or other rights as
      a
      shareholder of the Company prior to exercise.

     

    7.
      Loss,
      Theft, Destruction or Mutilation of Warrant.
      Upon
      receipt by the Company of evidence reasonably satisfactory to it of the loss,
      theft, destruction or mutilation of this Warrant, and in case of loss, theft
      or
      destruction, of indemnity or security reasonably satisfactory to it, and upon
      reimbursement to the Company of all reasonable expenses incidental thereto,
      and
      upon surrender and cancellation of this Warrant, if mutilated, the Company
      will
      make and deliver a new Warrant of like tenor and dated as of such cancellation,
      in lieu of this Warrant.

     

    
      
         

      

      
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    8. Saturdays,
      Sundays, Holidays, etc.
      If the
      last or appointed day for the taking of any action or the expiration of any
      right required or granted herein shall be a Saturday or a Sunday or shall be
      a
      legal holiday, then such action may be taken or such right may be exercised
      on
      the next succeeding day not a legal holiday. 

     

    9. Miscellaneous.
      This
      Warrant may be amended and any term of this Warrant may be waived only by a
      written instrument signed by the Company and the Holder. This Warrant shall
      be
      binding upon any successors or assigns of the Company. This Warrant shall
      constitute a contract under the laws of the State of California and for all
      purposes shall be construed in accordance with and governed by the laws of
      said
      state applied without reference to conflict of laws principles.

     

     

    Dated:

     

    INTERNATIONAL
      MICROCOMPUTER 

    SOFTWARE,
      INC.

     

    ___________________________________

    By:

     

     

    
      
         

      

      
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    EXHIBIT
      A

     

    RELATED
      AGREEMENT(S)

     

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B

     

    NOTICE
      OF EXERCISE

     

    TO: International
      Microcomputer Software, Inc.

     

    The
      undersigned hereby elects to purchase _______________ shares of Common Stock
      of
      International Microcomputer Software, Inc. pursuant to the terms of the attached
      Warrant, and tenders herewith payment of the purchase price in full, together
      with all applicable transfer taxes, if any.

     

    (1) Please
      issue a certificate or certificates representing said shares of Common Stock
      in
      the name of the undersigned.

     

    (2) The
      undersigned represents that the aforesaid shares of Common Stock are being
      acquired for the account of the undersigned for investment.

     

     

    
      	
              

            	
            	
              

            

    

    (Date) 

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      C

     

    INVESTMENT
      REPRESENTATION CERTIFICATE

     

    HOLDER:

     

    
      	COMPANY:	
              INTERNATIONAL
                MICROCOMPUTER SOFTWARE, INC.

            

    

     

    
      	SECURITY:	
              COMMON
                STOCK

            

    

     

    AMOUNT:

     

    DATE:

     

    In
      connection with the purchase of the above-listed Securities, the undersigned
      Holder represents to the Company the following:

     

    (a) Holder
      is
      aware of the Company's business affairs and financial condition and has acquired
      sufficient information about the Company to reach an informed and knowledgeable
      decision to acquire the Securities. Holder is acquiring these Securities for
      investment for Holder's own account only and not with a view to, or for resale
      in connection with, any "distribution" thereof within the meaning of the
      Securities Act of 1933, as amended (the "Securities Act").

     

    (b) Holder
      acknowledges and understands that the Securities constitute "restricted
      securities" under the Securities Act and have not been registered under the
      Securities Act in reliance upon a specific exemption therefrom, which exemption
      depends upon, among other things, the bona fide nature of Holder's investment
      intent as expressed herein. In this connection, Holder understands that, in
      the
      view of the Securities and Exchange Commission, the statutory basis for such
      exemption may be unavailable if Holder's representation was predicated solely
      upon a present intention to hold these Securities for the minimum capital gains
      period specified under tax statutes, for a deferred sale, for or until an
      increase or decrease in the market price of the Securities, or for a period
      of
      one year or any other fixed period in the future. Holder further understands
      that the Securities must be held indefinitely unless they are subsequently
      registered under the Securities Act or an exemption from such registration
      is
      available. Holder understands that the certificate evidencing the Securities
      will be imprinted with a legend which prohibits the transfer of the Securities
      unless they are registered or such registration is not required in the opinion
      of counsel satisfactory to the Company.

     

    (c) Holder
      is
      familiar with the provisions of Rule 144, promulgated under the Securities
      Act, which, in substance, permit limited public resale of "restricted
      securities" acquired, directly or indirectly from the issuer thereof, in a
      non-public offering subject to the satisfaction of certain
      conditions.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      Securities may be resold in certain limited circumstances subject to the
      provisions of Rule 144, which requires the resale to occur not less
      than one year after the later of the date the Securities were sold by the
      Company or the date the Securities were sold by an affiliate of the Company,
      within the meaning of Rule 144; and, in the case of acquisition of the
      Securities by an affiliate, or by a non-affiliate who subsequently holds the
      Securities less than two years, the satisfaction of certain conditions of
      Section 13 or 15(d) of the Securities Exchange Act of 1934,
      ninety (90) days thereafter (or such longer period as any market stand-off
      agreement may require) the Securities may be resold, subject to the satisfaction
      of certain of the conditions specified by Rule 144, including: (1) the
      resale being made through a broker in an unsolicited "broker's transaction"
      or
      in transactions directly with a market maker (as said term is defined under
      the Securities Exchange Act of 1934); and, in the case of an affiliate,
      (2) the availability of certain public information about the Company,
      (3) the amount of Securities being sold during any three month period not
      exceeding the limitations specified in Rule 144, and (4) the timely
      filing of a Form 144, if applicable.

     

    (d) Holder
      further understands that in the event all of the applicable requirements of
      or
      144 are not satisfied, registration under the Securities Act, compliance with
      Regulation A, or some other registration exemption will be required; and that,
      notwithstanding the fact that Rule 144 is not exclusive, the Staff of the
      Securities and Exchange Commission has expressed its opinion that persons
      proposing to sell private placement securities other than in a registered
      offering and otherwise than pursuant to Rule 144 will have a substantial burden
      of proof in establishing that an exemption from registration is available for
      such offers or sales, and that such persons and their respective brokers who
      participate in such transactions do so at their own risk. Holder understands
      that no assurances can be given that any such other registration exemption
      will
      be available in such event.

     

    Signature
      of Holder:

     

    ___________________________

     

    Date:___________________________

    

     

    
      
         

      

      
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    EXHIBIT
      D

     

    NOTICE
      OF CONVERSION

     

     

    To:
      International Microcomputer Software, Inc.

     

    (1)
      The
      undersigned hereby elects to convert that portion of the attached Warrant
      representing the right to purchase [____________________]
      shares
      of Common Stock of the Company into such number of shares of Common Stock of
      the
      Company as is determined pursuant to Section 4 of such Warrant, which conversion
      shall be effected pursuant to the terms of the attached Warrant.

     

    (2) Please
      issue a certificate or certificates representing said shares in the name of
      the
      undersigned or in such other name as is specified below:

     

    (Name):

     

    (Address):

     

    (3) The
      undersigned represents that the aforesaid shares of Common Stock of the Company
      are being acquired for the account of the undersigned for investment and not
      with a view to, or for resale in connection with, the distribution thereof
      and
      that the undersigned has no present intention of distributing or reselling
      such
      shares.

     

     

    (Date) (Signature)

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      E

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns and transfers unto [Name
      and Address]
      the
      rights represented by the foregoing Common Stock Warrant issued by International
      Microcomputer Software, Inc., on [date], and appoints ________________ its
      attorney to transfer said rights on the books of said corporation, with full
      power of substitution in the premises.

     

    _______________________________

     

    Signature
      guaranteed:

     

    Dated:
      _________________Unassociated Document

    Exhibit
      10.13

     

    AMENDMENT
      NO. 1 TO 

    PARENT
      VOTING AGREEMENT

    

    THIS
      AMENDMENT NO. 1 TO PARENT VOTING AGREEMENT (this “Amendment”)
      is
      made and entered into as of September ___, 2006 by and among AccessMedia
      Networks, Inc., a Delaware corporation (“AccessMedia”),
      and
      the undersigned stockholders (the “Stockholders”)
      of
      Broadcaster, Inc., a California corporation formerly known as International
      Microcomputer Software, Inc. 

    

    WHEREAS,
      the parties have entered into that certain Parent Voting Agreement, dated as
      of
      December 16, 2005 (the “Agreement”),
      pursuant to which the Stockholders have agreed to, among other things, vote
      any
      and all Subject Shares Beneficially Owned by such Stockholders in favor of
      certain directors nominated by the Stockholders’ Representative;
      and

    

    WHEREAS,
      in accordance with Section 7 of the Agreement, the parties now desire to amend
      the Agreement as provided herein.

    

    NOW,
      THEREFORE, in
      consideration of the foregoing and for other good and valid consideration,
      the
      receipt and sufficiency of which is hereby acknowledged, the parties hereby
      agree as follows:

    

    1. Capitalized
      terms used in this Amendment and not otherwise defined shall have the meaning
      set forth in Agreement.

    

    2. Section
      1(d) of the Agreement shall be amended and restated to read in its entirety
      as
      follows:

    

    (d) “Expiration
      Date”
means
      the earlier to occur of (i) December 31, 2010 and (ii) the date on which the
      aggregate number of shares issued pursuant to the Merger Agreement to the former
      stockholders of AccessMedia, exclusive of any shares issued in connection with
      any banking, consulting, broker or other fees or arrangements related to the
      Merger, represent a majority of the outstanding shares of common stock of
      IMSI.

    

    3. Except
      as
      amended hereby, the
      Agreement shall remain in full force and effect. This Amendment may be executed
      in two or more counterparts and by facsimile, each of which shall be deemed
      an
      original, but all of which together shall constitute one and the same
      instrument.

    

    (Remainder
      of page intentionally left blank)

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 to Parent
      Voting Agreement as of the date first set forth above.

     

    ACCESSMEDIA
      NETWORKS, INC. 

    

    By:
      ____________________________________

    Name:
      Martin Wade, III

    Title:
      Chief Executive Officer

    

     

    STOCKHOLDERS:

    

    ________________________________________

    MARTIN
      WADE, III

     

    

    BAYTREE
      CAPITAL ASSOCIATES LLC

    

    By:
      ____________________________________

    Name:
      Michael Gardner

    Title:
      Managing Member

     

     

    DIGITAL
      CREATIVE DEVELOPMENT CORPORATION

    

    By:
      ____________________________________

    Name:
       

    Title:

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