Document:

EXHIBIT 10.57

 

Notice of Discontinuation of Guaranty and Commitment

Dated March 26, 2008.

 

March 26,
2008

 

 

TDS
Franchising, LLC

c/o
The Walt Disney Company

1101 Flower Street

Glendale,
CA  91201

Attn: Robert Langer, CFO

Fax:  818-544-0784

 

Hoop
Retail Stores, LLC

Hoop
Canada, Inc.

c/o
The Children’s Place Retails Stores, Inc.

915
Secaucus Road

Secaucus,
NJ  07094

Attn:  Chief Financial Officer

Fax:  201.558.2840

 

Re:  Guaranty and Commitment

 

To
Whom it May Concern,

 

This
letter is to notify you that pursuant to Section 10 of the guaranty and
commitment agreement, dated November 21, 2004 (the “Guaranty and
Commitment”), among The Children’s Place Retail Stores, Inc. (“TCP”),
Hoop Holdings, LLC (“Licensee Parent”), Hoop Retail Stores, LLC (as
successor in interest to The Disney Store, LLC), Hoop Canada, Inc. (as
successor in interest to The Disney Store (Canada) Ltd.) and TDS Franchising,
LLC (“TDSF”), that effective immediately, TCP hereby is discontinuing
and terminating the Guaranty and Commitment.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  The Children’s Place Retail
  Stores, Inc.

  
	
   

  	
   

  
	
   

  	
  /s/Charles Crovitz

  
	
   

  	
  Charles Crovitz

  
	
   

  	
  Interim Chief Executive
  Officer

  

 

 

cc

 

The
Walt Disney Company

500
South Buena Vista Street

Burbank,,
California  91521-0930

Attn:
General Counsel

Fax:  818.238.0404

 

The
Walt Disney Company

500
South Buena Vista Street

Burbank,,
California  91521-0930

Attn:
James Kapenstein, Esq.

Fax:  818.562.1813

 

Hoop
Retail Stores, LLC

Hoop
Canada, Inc.

c/o
The Children’s Place Retails Stores, Inc.

915
Secaucus Road

Secaucus,
NJ  07094

Attn:  Chief Financial Officer

Fax:  201.558.2840

 

Stroock &
Stroock & Lavan LLP

180
Maiden Lane

New
York, NY  10038

Attn:  Jeffrey Lowenthal, Esq.

Fax:  818.559.6215Exhibit 10.58

 

Letter Agreement dated February 6, 2008 Amending
the Internet Start Date among Hoop Retail Stores, LLC, Hoop Canada, Inc. and TDS
Franchising, LLC.

 

HOOP RETAIL STORES, LLC

 

	
   

  	
  February 6, 2008

  
	
   

  
	
  TDS Franchising, LLC

  
	
  c/o The Walt Disney Company

  
	
  500 South Buena Vista Street

  
	
  Burbank, California 91521

  
	
  Attention:

  	
  Mr. Stephen M. Finney

  
	
   

  	
  Senior Vice President

  
			

 

Re: Disney Store License and Conduct of Business
Agreement 

 

Ladies and Gentlemen:

 

This will confirm our discussions regarding certain provisions of the
License and Conduct of Business Agreement dated as of November 21, 2004
(as amended to date (including letter agreement amendments), the “License Agreement”) by and among TDS Franchising, LLC (“TDSF”), Hoop Retail Stores, LLC, successor to The Disney
Store, LLC (“Hoop USA”), and Hoop
Canada, Inc., successor to The Disney Store (Canada) Ltd. (“Hoop Canada” and,
together with Hoop USA, “Licensee”).
Capitalized terms used in this letter without definition have the respective
meanings assigned to such terms in the License Agreement.

 

The License Agreement as currently in effect establishes an “Internet
Start Date” corresponding to a date mutually agreed upon by the parties, but in
any event not later than January 31, 2008. Pursuant to the terms of the
License Agreement, Licensee was to have launched an Internet Store not later
than such Internet Start Date.

 

Prior to April 1, 2007, TDSF and
Licensee determined that, in lieu of an Internet Store as contemplated by the
License Agreement, it would be beneficial for the parties to implement an
alternative arrangement under which the proposed Internet Store would occupy a
portion of the website owned and operated by certain of TDSF’s Affiliates and
located at www.disneyshopping.com. This alternative arrangement
was tentatively instituted in July 2007, subject to and contingent upon
the parties’ preparation and execution of a definitive agreement pertaining
thereto. In furtherance thereof, the parties have exchanged drafts of a
definitive “Internet Store Amendment” that would modify the provisions of the
License Agreement to give effect to this alternative arrangement. To allow
sufficient time to try to complete this definitive agreement, the parties
hereby agree that the “Internet Start Date” as defined in the License Agreement
is hereby changed to be April 6, 2008; provided, however, that for
purposes of Section 7.1.1(II) of the License Agreement, the Internet Start
Date shall remain October 1, 2005.

 

915 SECAUCUS ROAD SECAUCUS, NEW JERSEY 07094        201-558-2400

 

 

Except as specifically provided herein, all other terms and conditions
of the License Agreement shall not be modified, changed or amended in any
manner and shall remain in full force and effect.

 

Please confirm your agreement with the matters set forth herein by
executing a copy of this letter where indicated below and returning it to us,
whereupon this letter will be deemed a binding amendment to the License
Agreement.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HOOP RETAIL STORES, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patricia Gray

  
	
   

  	
  Name:

  	
  Patricia
  Gray

  
	
   

  	
  Title:

  	
  Senior V.P., General Counsel Secretary

  
	
   

  	
   

  
	
   

  	
  HOOP CANADA, INC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patricia Gray

  
	
   

  	
  Name:

  	
  Patricia Gray

  
	
   

  	
  Title:

  	
  Senior V.P., General Counsel Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and Agreed:

  	
   

  
	
   

  	
   

  
	
  TDS FRANCHISING, LLC

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/
  James M Kapenstein

  	
   

  	
   

  
	
  Name: 

  	
  James
  M Kapenstein

  	
   

  	
   

  
	
  Title: 

  	
  Vice President

  	
   

  	
   

  
										

 

2Exhibit 10.5.1  

CONVIO, INC.

AMENDMENT NO. 1 TO

FIFTH AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT  

        THIS AMENDMENT NO. 1 TO FIFTH AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT (this
"Amendment"), which amends that certain Fifth Amended and Restated Investors' Rights Agreement, dated April 10, 2007 (the
"Investor Rights Agreement"), is made and entered into as of January 31, 2008 by and among Convio, Inc., a Delaware corporation (the
"Company"), each of those holders of the Company's Series P Common Stock, Series Q Common Stock, Series R Common Stock, and
Series S Common Stock, each with a par value $0.001 per share (collectively, the "Common Stock"), identified on  Schedule I to the Investor
Rights Agreement (individually, a "Common Holder," and collectively,
the "Common Holders"), each of the holders of the Company's Series A Convertible Preferred Stock, Series B Convertible Preferred Stock and
Series C Convertible Preferred Stock, each with a par value of $0.001 per share, or shares of the Company's capital stock issuable upon conversion thereof (collectively, the
"Preferred Stock"), listed on Schedule II to the Investor Rights Agreement (individually, a
"Preferred Holder" and collectively, the "Preferred Holders"). 

RECITALS  

        WHEREAS, Section 22 of the Investor Rights Agreement sets
forth the rights of the Common Holders and Preferred Holders with respect to the election of the members of the Board of Directors of the Company (the
"Board"); 

        WHEREAS, the Common Holders and Preferred Holders desire to amend the Investor Rights Agreement to increase the size of the Board from
seven to nine members, and to add certain provisions regarding the election of such new members of the Board; 

        WHEREAS, Section 29 of the Investor Rights Agreement provides that  Section 22 thereof may only be amended with
the written consent of each party or group of parties that such amendment would adversely affect; 

        WHEREAS, the Sixth Amended and Restated Certificate of Incorporation of the Company requires that the holders of at least
two-thirds of the then outstanding shares of Preferred Stock, together as a single class, consent to a change in the authorized size of the Board to a number greater or less than seven; 

        WHEREAS, the undersigned, holding the requisite amount of stock necessary to amend the Investor Rights Agreement, desire to amend the
Investor Rights Agreement as provided herein; and 

        WHEREAS, the undersigned Preferred Holders, holding the requisite amount of Preferred Stock necessary to consent to the increase in the
size of the Board from seven to nine members, desire to consent to such increase. 

AGREEMENT  

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

        1.    Amendments.    

        (a)   The
Section 22(vi) of the Investor Rights Agreement is hereby amended and restated to read as follows: 

        "(vi)
two (2) persons who initially shall be designated by the existing Board of Directors, and who, starting at the next annual meeting of the stockholders of the Company, shall
be elected in accordance with the certificate of incorporation and bylaws of the Company; and" 

 

        (b)   A
new Section 22(vii) is hereby added to the Investor Rights Agreement to read as follows: 

        "(vii)
after the date hereof, the Board of Directors shall undertake the process of identifying one (1) person approved by a majority of the existing Board of Directors, including
the approval of at least one of the Series P Directors and the QRS Director, who shall have relevant experience in the industry and have no affiliation with the Company and who shall replace
one (1) Series P Director (the "Industry Director") (and the entity previously entitled to designate such Series P Director shall
no longer retain such right. Thereafter, the Industry Director shall be designated by a majority of the existing Board of Directors, including the approval of at least one of the Series P
Directors and the QRS Director, who shall have relevant experience in the industry and have no affiliation with the Company. 

        Each
of the parties further covenants and agrees to vote, to the extent possible, all Shares so that the authorized number of members of the Company's Board of Directors shall consist of
nine (9) members. 

        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
re-elected if still eligible to serve as provided herein. 

        No
party hereto shall vote to remove any member of the Board of Directors 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. In the event that the person serving as the director to be
elected as the CEO Director ceases to serve as the Chief Executive Officer of the Company, each of the parties hereto agrees to vote all of its Shares for the removal of such director at the request
of a majority of the Board of Directors, excluding the director to be removed. 

        The
rights set forth in this Section 22 shall expire upon the first sale of Common Stock pursuant to a registration statement under
the Securities Act." 

        2.    Consent.    Each Preferred Holder hereby consents to the increase in the size of the Board from seven to nine
members. 

        3.    Counterparts.    This Amendment 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. 

        4.    Titles and Subtitles.    The titles and subtitles used in this Amendment are used for convenience only and are
not to be considered in construing or interpreting this Amendment. 

        5.    Entire Agreement.    The Investor Rights Agreement, as modified by this Amendment, and the documents referred to
herein and therein constitute the entire agreement among the parties in respect of the subject matter hereof and thereof and no party shall be liable or bound to any other party in any manner by any
warranties, representations or covenants except as specifically set forth herein or therein. 

[Signature
Pages Follow] 

2

        IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	COMPANY:
	

 	
 	
CONVIO, INC.
	

 	
 	

By:	

/s/ Gene Austin
 Gene Austin
 Chief Executive Officer

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	COMMON HOLDERS:
	

 	
 	

  
 Vinay Bhagat
	

 	
 	

  
 David Crooke
	

 	
 	

/s/  GENE AUSTIN      
 Gene Austin
	

 	
 	

/s/  JIM OFFERDAHL      
 Jim Offerdahl

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	COMMON HOLDERS (continued):
	

 	
 	

/s/  SHEERAZ HAJI      
 Sheeraz Haji
	

 	
 	

  
 William Pease

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED HOLDERS:
	

 	
 	
ADAMS STREET V, L.P.
	

 	
 	

By:	

Adams Street Partners, LLC,

its General Partner
	

 	
 	

By:	

/s/  JEFFREY T. DIEHL      
 Jeffrey T. Diehl
 Partner
	

 	
 	
EL DORADO VENTURES VI, L.P.
	

 	
 	

By:	

/s/  SCOTT IRWIN      

	 	 	Name:	Scott Irwin

	 	 	Title:	Managing Member

	

 	
 	
EL DORADO TECHNOLOGY '01, L.P.
	

 	
 	

By:	

/s/  SCOTT IRWIN      

	 	 	Name:	Scott Irwin

	 	 	Title:	Managing Member

	

 	
 	
REMBRANDT VENTURES PARTNERS II, L.P.
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

	

 	
 	
REMBRANDT VENTURES PARTNERS II, L.P.
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED HOLDERS:
	

 	
 	
REMBRANDT VENTURES PARTNERS

EXPANSION FUND, L.P.
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED HOLDERS (continued):
	

 	
 	
GRANITE VENTURES, L.P.
	

 	
 	

By:	

Granite Management, L.L.C.,

Its General Partner
	

 	
 	

By:	

/s/  JACKIE BERTERRETCHE      

	 	 	Name:	Jackie Berterretche

	 	 	Title:	Attorney-In-Fact

	

 	
 	
ADOBE VENTURES IV, L.P.
	

 	
 	

By:	

Adobe Ventures Management IV, LLC

Its General Partner
	

 	
 	

By:	

/s/  JACKIE BERTERRETCHE      

	 	 	Name:	Jackie Berterretche

	 	 	Title:	Attorney-In-Fact

	

 	
 	
TODD U.S. VENTURES, LLC
	

 	
 	

By:	

H&Q Todd Ventures Management, LLC
	

 	
 	

By:	

/s/  JACKIE BERTERRETCHE      

	 	 	Name:	Jackie Berterretche

	 	 	Title:	Attorney-In-Fact

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED HOLDERS (continued):
	

 	
 	
AUSTIN VENTURES VI, L.P.
	

 	
 	

By:	

AV Partners VI, LP,

Its General Partner
	

 	
 	

By:	

/s/  KEN DEANGELIS      

	 	 	Name:	Ken DeAngelis

	 	 	Title:	General Partner

	

 	
 	
AUSTIN VENTURES VI

AFFILIATES FUND, L.P.
	

 	
 	

By:	

AV Partners VI, LP,

Its General Partner
	

 	
 	

By:	

/s/  KEN DEANGELIS      

	 	 	Name:	Ken DeAngelis

	 	 	Title:	General Partner

	

 	
 	
SILVERTON PARTNERS III, L.P.
	

 	
 	

By:	

/s/  WILLIAM WOOD        
 William Wood
 General Partner
	

 	
 	
LIBERTY MUTUAL INSURANCE COMPANY
	

 	
 	

By:	

  
 Ronald D. Ulich
 Vice President

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	LMIA COINVESTMENT L.P.
	

 	
 	

By:	

/s/  RONALD D. ULICH      
 Ronald D. Ulich
 Vice President

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED HOLDERS (continued):
	

 	
 	
HORIZON TECHNOLOGY FUNDING COMPANY II LLC
	

 	
 	

By:	

Horizon Technology Finance, LLC, its member and agent
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	

  
 Roliff H. Purrington, Jr.
	

 	
 	

  
 William A. Sahlman, Ph.D.
	

 	
 	

  
 Philip Cannon
	

 	
 	

  
 Ashish Dhawan
	

 	
 	

  
 Sandeep Nanda
	

 	
 	

  
 Ajit Nedungadi

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	
BROBECK, PHLEGER & HARRISON LLP

(ASSOCIATES STOCK FUND)
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

	

 	
 	

  
 Austin Tighe
	

 	
 	

  
 Carmelo M. Gordian
	

 	
 	

  
 Charles S. Baker
	

 	
 	

  
 J. Matthew Lyons
	

 	
 	

  
 Kinloch Gill III
	

 	
 	

  
 Robert DeBerardine

        IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	
VIRTUAL CFO
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	/s/  SHEERAZ HAJI        
 Sheeraz Haji
	

 	
 	

 Pete Kirkwood
	

 	
 	

  
 Robert Epstein
	

 	
 	

  
 James Pooley
	

 	
 	

  
 Samuel Kingsland
	

 	
 	

  
 Lisa Gansky
	

 	
 	

  
 Cristina Morgan
	

 	
 	

  
 David Golden

Wilner Trust
	

 	
 	

  
 Nicholas Allen
	

 	
 	

  
 Mary Krackeler

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	

  
 William Krackeler
	

 	
 	

  
 Chris Buchbinder
	

 	
 	

  
 Kerry Propper
	

 	
 	

  
 Michael Shellenberger
	

 	
 	

  
 Tim Kirkwood
	

 	
 	

  
 Fowler Trust
	

 	
 	

  
 Vaishali Patel
	

 	
 	

  
 Burwen Trust
	

 	
 	

  
 Asha Haji

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	

  
 Abdul Haji
	

 	
 	

  
 Jamaluddin Moloo
	

 	
 	

  
 Jeanne Haji
	

 	
 	

  
 John Claypool

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	
PACIFIC PARTNERS USA, L.P.
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	PREFERRED STOCKHOLDERS (continued):
	

 	
 	
CASILLI INVESTMENT PARTNERS
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

	

 	
 	
CASILLI REVOCABLE TRUST
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

	

 	
 	

  
 Michelle A. Casilli
	

 	
 	

  
 Gerard A. Casilli

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 Alice Hendricks
	

 	
 	

  
 Amanda Dramstad
	

 	
 	

  
 Angelica Broaddus
	

 	
 	

  
 Avi Schaeffer
	

 	
 	

  
 Barker Trust
	

 	
 	

  
 Brian Trelstad
	

 	
 	

  
 Bruce Keilin
	

 	
 	

  
 Charles Berman
	

 	
 	

  
 Christopher Dworin
	

 	
 	

  
 Curtis Below

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 Dan Landy
	

 	
 	

  
 David Abercrombie
	

 	
 	

  
 David Moynihan
	

 	
 	

  
 Debra Perlson
	

 	
 	

  
 Douglas Chuchro
	

 	
 	

  
 Environmental Defense Fund
	

 	
 	

  
 Francois Furstenberg
	

 	
 	

  
 Gregory Neichin
	

 	
 	

  
 Irwin Lieber
	

 	
 	

  
 Jackson Horton

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 James Kim
	

 	
 	

  
 James Koshland
	

 	
 	

  
 James Swanson
	

 	
 	

  
 JC Severiens
	

 	
 	

  
 Jeff Raleigh
	

 	
 	

  
 Jenny Kim
	

 	
 	

  
 Jospeh Walsmith
	

 	
 	

  
 Karl Goldstein
	

 	
 	

  
 Ken Leiserson
	

 	
 	

  
 Kenneth Thornton
	

 	
 	

  
 Kristin Lawton

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 Larry Kontz
	

 	
 	

  
 Lefeber Investment Partnership
	

 	
 	

  
 Lori Painter
	

 	
 	

  
 Mal Warwick Trust
	

 	
 	

  
 Mami Nomura
	

 	
 	

  
 Michael Baird Trust
	

 	
 	

  
 Michael Schwarz
	

 	
 	

  
 Nancy Abercrombie
	

 	
 	

  
 New Millennium Capital Partners II, LLC
	

 	
 	

  
 Patrick Kelly

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 Paul Thornell
	

 	
 	

  
 Pete Goettner
	

 	
 	

  
 Peter Kahn
	

 	
 	

  
 Philip Warth, Jr.
	

 	
 	

  
 Robert Kohlhase
	

 	
 	

  
 Salim Haji
	

 	
 	

  
 Samuel Simon
	

 	
 	

  
 Sean Gannon
	

 	
 	

  
 Seneca Ventures
	

 	
 	

  
 Suzanne Schrock

        IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above. 

	 	 	  
 Todd Lash
	

 	
 	

  
 Tom Krackeler
	

 	
 	

  
 Tri Tran
	

 	
 	

  
 Vernon George
	

 	
 	

  
 Woodland Venture Fund
	

 	
 	

  
 Yoshinobu Sugawara

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