Document:

Exhibit 10.5

 

AMENDMENT NO. 1

TO

RIGHTS AGREEMENT

 

THIS AMENDMENT NO. 1
(this “Amendment”) to the Rights Agreement (the “Rights Agreement”)
dated as of January 29, 2004 between VIA NET.WORKS, INC., a Delaware
corporation (the “Company”), and CONTINENTAL STOCK TRANSFER &
TRUST COMPANY, a banking corporation organized under the laws of New York, as
rights agent (the “Rights Agent”), is entered into this 26th day
of August, 2005.

 

WHEREAS, the Company and
the Rights Agent are currently parties to the Rights Agreement and desire to
amend the Rights Agreement on the terms and conditions hereinafter set forth;

 

WHEREAS, Mawlaw 653
Limited (“Mawlaw 653”), Interoute Communications Holdings SA (“Interoute”),
and Company have entered into a Sale and Purchase Agreement dated as of the
date hereof (the “Purchase Agreement”), pursuant to which Mawlaw 653 and
Interoute will purchase certain
subsidiaries and substantially all the assets of Company on the terms and
subject to the conditions set forth in the Purchase Agreement;

 

WHEREAS, in connection
with the Purchase Agreement, (i) Mawlaw 653 has committed to lend to the
Company and certain of its subsidiaries monies under a Facility Agreement (the “Facility
Agreement”) upon the terms and conditions contained therein, in connection
with which the Company has agreed to pay to the commitment fee payable
thereunder by issuing 14,189,189 shares (the “Commitment Shares”) of the
Company’s common stock, par value $0.001 per share (the “Common Stock”),
to Mawlaw 660 Limited (“Mawlaw 660,” and together with Mawlaw 653 and
Interoute, the “Purchasers”), (ii) Mawlaw 653 and the Company have
entered into a Management Consultancy Services Agreement (the “Management
Agreement”) pursuant to which Mawlaw 653 will
provide certain management consultancy services in connection with the
day-to-day operational activities of Company and its subsidiaries upon the
terms and conditions contained therein, in connection with which the Company
has agreed to pay to the management fee payable thereunder by issuing
10,810,811 shares (the “Management Service Shares”) to Mawlaw 660; and
Mawlaw 660 has agreed to purchase 10,810,811 shares of Common Stock (the “Common
Investment Shares”, and together with the Commitment Shares and the
Management Services Shares, the “Aggregate Common Shares”) on the terms
and conditions set forth in a Subscription Agreement between the Company and
Mawlaw 660 (the “Subscription Agreement,” and together with the Purchase
Agreement, the Facility Agreement and the Management Agreement, the “Transaction
Documents”);

 

WHEREAS, pursuant to the
Subscription Agreement, Mawlaw 660 has agreed to purchase 5,405,405 shares (the
“Preferred Shares”) of a new class of preferred stock of the Company
designated Series A Convertible Preferred Stock, par value $0.001 per
share (the “Preferred Shares”
and together with the Aggregate Common Shares, the “Shares”) on the
terms and conditions set forth in the Subscription Agreement; and

 

 

WHEREAS, on August 23,
2005, the Board of Directors of the Company resolved to amend the Rights
Agreement to render it inapplicable to the (i) Transaction Documents and (ii) the
issuance of the Shares and the other transactions contemplated by the
Transaction Documents (collectively, the “Transactions”); and

 

WHEREAS, for purposes of
this Amendment, capitalized terms not otherwise defined herein shall have the
respective meanings set forth in the Rights Agreement, as amended by this
Amendment;

 

NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the
parties hereby agree as follows:

 

1.             Amendment to Section 1.

 

(a)           Section 1(a) of the Rights
Agreement is hereby amended by adding the following new paragraph to the end of
Section 1(a):

 

“Notwithstanding anything in this Agreement that might
otherwise be deemed to the contrary, none of the Purchasers nor any of their
respective Affiliates or Associates shall be deemed to be an Acquiring Person
by reason of the consummation of any of the transactions contemplated by the
Transaction Documents, including the issuance of the Shares.”

 

 (b)          Section 1(i) of
the Rights Agreement is hereby amended by adding the following new paragraph to
the end of Section 1(i):

 

“Notwithstanding anything in this Agreement that might
otherwise be deemed to the contrary, no Distribution Date shall be deemed to have
occurred by reason of the consummation of the transactions contemplated by the
Transaction Documents, including the issuance of the Shares.”

 

(c)           Section 1 of the Rights
Agreement is hereby amended by inserting the following text after section 1(l)
but before Section 1(m):

 

“(l-1)     “Facility
Agreement” shall mean the Facility Agreement by and between the Company and Mawlaw
653 Limited, dated as of August    , 2005.”

 

(d)           Section 1 of the Rights
Agreement is hereby amended by inserting the following text after section 1(m)
but before Section 1(n):

 

“(m-1)     “Management
Services Agreement” shall mean the Management Services Agreement by and between
the Company and Mawlaw 653 Limited, dated as of August    ,
2005.”

 

 (e)          Section 1
of the Rights Agreement is hereby amended by inserting the following text after
1(r) but before 1(s):

 

2

 

“(r-1)     “Purchasers”
shall mean Interoute Communications Holdings SA, Mawlaw 653 Limited and Mawlaw
660 Limited.”

 

(f)            Section 1 of the Rights
Agreement is hereby amended by inserting the following text after Section 1(w)
but before Section 1(x):

 

“(w-1)  “Sale
Agreement” shall mean the Sale and Purchase Agreement by and among VIA NET.WORKS, Inc.,
Mawlaw 653 Limited and Interoute Communications Holdings SA, dated as of August    ,
2005.”

 

(g)           Section 1 of the Rights
Agreement is hereby amended by inserting the following text after Section 1(z)
but before Section 1(aa):

 

“(z-1)    “Shares”
shall mean the shares of
the Company’s Series A Convertible Preferred Stock, par value $0.001 per
share, and Common Stock issued to Mawlaw 660 Limited pursuant to Facility Agreement, the
Management Services Agreement and the Subscription Agreement.”

 

(h)           Section 1(aa) of the Rights
Agreement is hereby amended by adding the following new paragraph to the end of
Section 1(aa):

 

“Notwithstanding anything in this Agreement that might
otherwise be deemed to the contrary, no Stock Acquisition Date shall be deemed to
have occurred by reason of the consummation of the transactions contemplated by
the Transaction Documents, including the issuance of the Shares.”

 

(i)            Section 1 of the Rights
Agreement is hereby amended by inserting the following text after Section 1(aa)
but before Section 1(bb):

 

“(aa-1)  “Subscription
Agreement” shall mean the Subscription Agreement by and between the Company and
Mawlaw 660 Limited, dated as of August    , 2005.”

 

(j)            Section 1 of the Rights
Agreement is hereby amended by inserting the following text after Section 1(bb)
but before Section 1(cc):

 

“(bb-1)   “Transaction
Documents” shall mean the Sale Agreement, the Facility Agreement, the Management
Services Agreement, and the Subscription Agreement.”

 

(k)           Section 1(cc) of the Rights
Agreement is hereby amended by adding the following new paragraph to the end of
Section 1(cc):

 

 “Notwithstanding
anything in this Agreement that might otherwise be deemed to the contrary, no
Triggering Event shall be deemed to have occurred by reason of the consummation
of the transactions contemplated by the Transaction Documents, including the
issuance of the Shares.”

 

3

 

2.             Amendment to Section 11(a)(ii). Section 11(a)(ii) of
the Rights Agreement is amended by adding the following sentence at the end
thereof:

 

 “Notwithstanding
anything in this Agreement that might otherwise be deemed to the contrary, the
consummation of the transactions contemplated by the Transaction Documents,
including the issuance of the Shares, shall not cause the Rights to be adjusted
or become exercisable in accordance with this Section 11(a)(ii).”

 

3.             Amendment to Section 13(e). Section 13(e) of
the Rights Agreement is amended by adding the following sentence at the end
thereof:

 

 “Notwithstanding
anything in this Agreement that might otherwise be deemed to the contrary, the
provisions of this Section 13 shall not be applicable to the transactions
contemplated by the Transaction Documents, including the issuance of the
Shares.”

 

4.             Effective Date. 
This Amendment shall become effective as of the date first above
written.

 

5.             Other Terms Unchanged.  The Rights Agreement, as amended by this
Amendment, shall remain and continue in full force and effect and is in all
respects agreed to, ratified and confirmed hereby.  Any reference to the Rights Agreement after
the date first set forth above shall be deemed to be a reference to the Rights
Agreement, as amended by this Amendment.

 

6.             Benefits. 
Nothing in the Rights Agreement, as amended by this Amendment, shall be
construed to give to any Person other than the Company, the Rights Agent and
the registered holders of the Rights Certificates (and, prior to the
Distribution Date, the registered holders of the Common Stock) any legal or
equitable right, remedy or claim under the Rights Agreement, as amended by this
Amendment; but the Rights Agreement, as amended by this Amendment, shall be for
the sole and exclusive benefit of the Company, the Rights Agent and the
registered holders of the Rights Certificates (and, prior to the Distribution
Date, registered holders of the Common Stock).

 

7.             Descriptive Headings.  Descriptive headings of the several Sections
of this Amendment are inserted for convenience only and shall not control or
affect the meaning or construction of any of the provisions hereof.

 

8.             Governing Law. 
This Amendment shall be deemed to be a contract made under the laws of
the State of Delaware and for all purposes shall be governed by and construed
in accordance with the laws of such State.

 

9.             Counterparts. 
This Amendment may be executed in any number of counterparts.  It shall not be necessary that the signature
of or on behalf of each party appears on each counterpart, but it shall be
sufficient that the signature of or on behalf of each party appears on one or
more of the counterparts.  All
counterparts shall collectively constitute a single agreement.

 

4

 

It shall not be necessary in any proof of this Amendment to produce or
account for more than a number of counterparts containing the respective
signatures of or on behalf of all of the parties.

 

10.           Fax Transmission.  A facsimile, telecopy or other reproduction
of this Amendment may be executed by one or more parties hereto, and an executed
copy of this Amendment may be delivered by one or more parties hereto by
facsimile or similar instantaneous electronic transmission device pursuant to
which the signature of or on behalf of such party can be seen, and such
execution and delivery shall be considered valid, binding and effective for all
purposes.  At the request of any party
hereto, all parties agree to execute an original of the Amendment as well as
any facsimile, telecopy or other reproduction thereof.

 

[Signatures on Next Page]

 

5

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed and attested, all as of the day and year
first above written.

 

 

	
   

  	
   

  	
   

  	
  VIA
  NET.WORKS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Matt S. Nydell

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Matt S. Nydell

  
	
   

  	
   

  	
   

  	
  Title:  SVP, General Counsel and Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  CONTINENTAL
  STOCK TRANSFER &

  
	
   

  	
   

  	
   

  	
  TRUST
  COMPANY, as Rights Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Roger Bernhammes

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Roger Bernhammes

  
	
   

  	
   

  	
   

  	
  Title:  Rights Agent

  

 

6Exhibit 10.40(c)

 

FOURTH AMENDMENT
TO

EMPLOYMENT AGREEMENT

 

This Fourth Amendment to Employment Agreement
is made and entered into effective as of this 1st day of August, 2005, by and
between LECG, LLC, a California limited liability company with a business
address of 2000 Powell Street, Suite 600, Emeryville, California 94608 (“LECG”)
and David J. Teece (“Teece”).

 

RECITALS

 

A.                               LECG and Teece entered
into an Employment Agreement dated October 27, 1997, which was first
amended by letter agreement dated August 5, 2002, further amended by that
certain Second Amendment to Employment Agreement dated September 30, 2003,
and further amended by that certain Third Amendment to Employment Agreement
dated October 1, 2004 (collectively, the “Employment Agreement.”)

 

B.                                 LECG and Teece wish to
further amend the Employment Agreement to reflect certain agreed upon terms of
Teece’s employment with LECG.

 

NOW, THEREFORE, for good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties agree to amend the Employment Agreement as follows:

 

1.                                      Compensation for Consulting Services.  As a Director
providing consulting services to LECG, Teece is entitled to compensation in the
form of Director Earnings which consist of Fee Pass-Through Earnings.  Effective August 1, 2005, and continuing
each calendar year thereafter, for new engagements brought to LECG through
Teece’s exclusive efforts (personally or through Enterprise Research, Inc.)
or jointly with other experts or staff in the firm, the Fee Pass-Through
Earnings will be 70% of Teece’s billing rate for each hour billed to clients
and collected by LECG.

 

2.                                      No Further Amendments. 
Except as set forth in this Fourth Amendment, the Employment Agreement
has not been modified and remains in full force and effect as of the date
hereof.

 

[INTENTIONALLY LEFT BLANK]

 

 

3.                                      Counterparts. 
This Agreement may be signed in two or more counterparts, each signed by
one or more of the parties hereto so long as each party shall sign at least one
counterpart of this Agreement, all of which taken together shall constitute one
and the same instrument.  Signatures
delivered by facsimile or in electronic file format will be treated in all
respects as originals.

 

IN WITNESS
WHEREOF, LECG and Teece have executed this Fourth Amendment to Employment
Agreement effective on the date first written above.

 

 

LECG, LLC,

a California
limited liability company

 

	
  By:

  	
  /s/ David Kaplan

  	
   

  
	
   

  	
  David Kaplan

  
	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ David J. Teece

  	
   

  
	
  David J. Teece

  

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]