Document:

Employment Contract

 
EXHIBIT 4.4

 
ENGLISH TRANSLATION 
 
EMPLOYMENT CONTRACT 
between 
Kjell E. Jacobsen (“Jacobsen”) 
and 
SMEDVIG asa 
 

	1.	 	As of June 17, 2002, Jacobsen is employed as Chief Executive Officer of Smedvig asa on the terms and conditions set forth in this Agreement.

 

	2.	 	As Chief Executive Officer of Smedvig, Jacobsen is responsible for the company’s day-to-day management in accordance with the Norwegian Companies Act and in
accordance with the guidelines and instructions issued by the Board. 

 
The Chief Executive Officer shall represent the company externally in matters within his area of responsibility and authority in accordance with the Norwegian Companies Act and this Agreement.

 

	3.	 	In his capacity as Chief Executive Officer of Smedvig asa, Jacobsen shall be entitled to a salary of NOK 2,000,000 per annum, regulated on December 24, 2001. The
salary shall be adjusted annually by August 31 and be effective as of July 1 the same year. The first adjustment shall be made prior to August 31, 2002. 

 

	4.	 	Jacobsen shall be entitled to an annual bonus payment amounting to up to 50% of the salary he is entitled to under Section 3 of this Agreement. The performance
targets that shall be reached to obtain the bonus shall be agreed upon with the Chairman of the Board annually after the Board’s handling of the budget for the following year (i.e., near Christmas). Necessary details of the bonus agreement will
be specified in a separate agreement. The bonus may vary from year to year and will be determined after discussions between Jacobsen and the Chairman of the Board. It is understood between the parties that the bonus shall be earned for exceptional
results and therefore shall be determined so as to be “to stretch for”. The bonus will be paid on June 1 the year after it was earned, after discussions between the Chairman of the Board and Jacobsen (by Easter) if Jacobsen is still
employed by Smedvig asa. 

 

	5.	 	Jacobsen shall, in addition to being Chief Executive Officer of Smedvig asa, be a member of the board or chairman in subsidiaries of Smedvig asa or in companies in
which Smedvig asa has an ownership interest. Jacobsen shall not be entitled to any additional compensation for such appointments. Which companies are concerned shall be agreed between Jacobsen and the Board of Smedvig asa.

 

	6.	 	It is understood that Jacobsen shall dedicate his full attention and working capacity to the companies’ interests. Nevertheless, he may accept honorary
positions within trade and/or politics if this does not conflict with the interests of the company. It is understood that he, in case of doubt, will confer with the Chairman of the Board of Smedvig asa. 

 

	7.	 	Benefits:               Free company car; 

            Free telephone and mobile phone; 
            Necessary subscriptions to newspapers and trade
papers; 
            Necessary membership fees;
and 
            Home office. 
 
Jacobsen is responsible for paying the taxes, if any,
resulting from the benefits under Section 7. 
 

	8.	 	Jacobsen shall obtain approval from the Chairman of the Board when acquiring a new company car. 

 

	9.	 	Jacobsen shall be a member of the at each time applicable general insurance and pension plans provided for the company’s staff. 

 

	10.	 	The age limit for the position as Chief Executive Officer is 60 years. From 55 years of age, Jacobsen may request transfer to another position within the company.
The salary after a transfer to a new position (from 55 years, but no later than the age of 60 years) and up to actual retirement age shall be agreed between the Chairman of the Board and Jacobsen. The salary shall not be less than 50% and no more
than 75% of the salary at the time of the transfer to the new position. Other terms, including revised bonus scheme, if any, shall be agreed between Jacobsen and the Chairman of the Board. The age limit for the right and obligation to work is 65
years. Between 65 and 67 years of age, the company will pay salary as retirement benefit. Any bonus in accordance with Section 4 will cease at the age limit of 55 or 60 years (cf. above), except for such bonus earned at that time.

 

	11.	 	Jacobsen may not use or disclose to unauthorized persons any company or trade secrets which he has received knowledge or possession of during his employment for the
company. This also applies to estimates, technical drawings, calculations, descriptions, software etc. 

 
Unauthorized persons also include employees of the company that do not need or use such information for his/her work. 
 
Upon resignation from the company, Jacobsen shall on demand
sign a statement that he neither possesses nor has disclosed to unauthorized persons such documentation as stated above and that he has not disclosed information of such documentation or company secrets or trade secrets to unauthorized persons.

 
The above provisions shall not prevent Jacobsen
from utilizing, after resignation, the common knowledge and experience of technical or commercial expertise that he has obtained during his employment. 
 
Jacobsen is aware that a breach of the confidentiality obligations, whether during or after the termination of his employment, may result
in criminal liability and/or liability for damages. 

 

	12.	 	The employment may be terminated by either Smedvig asa or Jacobsen by giving 12 months written notice. In case of termination, the parties agree that they shall to
the extent possible minimize the disturbance to either party during the period of notice. 

 

	13.	 	In the event of termination of the employment by either party, Jacobsen may not during a period of 12 months start up a business which competes with the business of
the company. During the same time period, he may further not acquire a majority of the shares in any limited liability company conducting competing business. 

 
In the event of the company giving notice to Jacobsen (or him being requested to give notice by the Chairman
of the Board) for other reasons than negligence on the part of Jacobsen, Jacobsen shall, in addition to the notice period set forth in Section 12, be entitled to salary and other benefits applicable at such time for a period of 12 months (12 + 12
months). Bonus payments bonus shall only be made to the extent that they were earned at the time of notice. 
 
In a situation as set out above, the parties shall enter into an agreement regulating the circumstances surrounding the termination, such
as announcements to media etc. 
 

	14.	 	In the event of notice in accordance with Section 12 or 13, the parties undertake to observe confidentiality regarding the circumstances resulting in the notice. The
Chairman of the Board shall draft, together with Jacobsen, a statement to be used for information of the company’s employees and surroundings etc. 

 
If the company and Jacobsen are unable to agree on the wording of the statement, the company shall, through
the Chairman of the Board, issue a statement that “Chief Executive Officer Jacobsen leaves his position in Smedvig asa after reaching a mutual agreement”. 
 
Neither Jacobsen nor the company shall be entitled to comment on the statement without a separate agreement
between the parties. 
 

	15.	 	The parties will seek to resolve amicably any dispute relating to the interpretation of this Agreement or the relations between them. In the event the parties cannot
reach an amicable solution, the dispute shall be resolved by arbitration in accordance with the Norwegian Administration of Justice Act, Chapter 32. 

 
Where the amount in dispute does not exceed NOK 100,000, the dispute shall be resolved by a single
arbitrator, who shall be a lawyer. 
 

	16.	 	If Jacobsen should pass away before the age of 60 years, his surviving spouse shall be guaranteed a death risk payment equal to three times the annual salary at the
time of death. 

 

	17.	 	In his capacity as Chief Executive Officer, Jacobsen will be appointed as the company’s representative in Norwegian Shipowners’ Association(Norges
Rederiforbund) and the Employers’ Organization for Ships and Offshore Installations (Arbeidsgiverforeningen for skip og borerigger). 

	18.	 	Jacobsen will participate in the company’s option program. The details of this program shall be agreed between the Chairman of the Board and Jacobsen. 

 
 Stavanger, June 24, 2002 
  

			
	 /s/    PETER T. SMEDVIG

	 	 	 	 /s/    KJELL E. JACOBSEN

	 Smedvig asa
 Peter T. Smedvig
	 	 	 	Kjell E. JacobsenExhibit 10.42

 

AMENDMENT NO. 1

TO

PREFERRED STOCK AND WARRANT

PURCHASE AGREEMENT

AND WAIVER

 

 

                This
Amendment No. 1 to
Preferred Stock and Warrant Purchase Agreement and Waiver (this
“Amendment”) is entered into as of this 13th day of February, 2003,
by and among Pharsight Corporation, a Delaware corporation (the “Company”), and
each of those persons and entities, severally and not jointly, listed as a
Purchaser on the Schedule of Purchasers attached as Exhibit A hereto (each, a
“Purchaser” and collectively, the “Purchasers”).

 

RECITALS

 

                Whereas, the
Company and the Purchasers entered into that certain Preferred Stock and
Warrant Purchase Agreement, dated as of June 25, 2002 (the “Purchase
Agreement”), which provided for the sale and issuance by the Company to the
Purchasers of up to one million eight hundred fourteen thousand six hundred
sixty two (1,814,662) Units, each Unit comprised of one (1) share of Series A
Convertible Preferred Stock (the “Preferred Stock”) and one (1) warrant to
purchase one (1) share of Common Stock (each, a “Warrant Share”);

 

                Whereas, the
Purchase Agreement provided for, among other things, the registration of the
shares of Common Stock to be issued upon conversion of the Preferred Stock (the
“Conversion Shares”), the Warrant Shares and shares of Common Stock to be
issued as (or issuable upon the conversion or exercise of any convertible
preferred stock, warrant, right or other security that is issued as) a dividend
or other distribution with respect to, or in exchange for or in replacement of
the Conversion Shares or the Warrant Shares (the “Dividend Shares”), with the
Securities and Exchange Commission (the “SEC”) for resale by the Purchasers
from time to time;

 

                Whereas, the
Company and the Purchasers now wish to amend the provisions relating to such
resale registration of the Conversion Shares, the Warrant Shares and the
Dividend Shares pursuant to the terms herein, and the Purchasers wish to agree
to waive certain liquidated damages to which they are entitled under the Purchase
Agreement; and

 

                Whereas, the
undersigned Purchasers hold at least 75% of the Registrable Securities.

 

                Now, Therefore, in
consideration of the premises and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree
hereto as follows:

 

                1.             Defined Terms.  All capitalized but undefined terms used
herein shall have the meanings ascribed to them in the Purchase Agreement.

 

 

 

                2.             Amendment of the Purchase Agreement.  Section 9 of the Purchase Agreement is
hereby amended in its entirety as follows:

 

 

“SECTION 9.               Registration of the Shares; Compliance with the Securities
Act.

 

9.1          Registration Procedures.  The Company is obligated to do the following:

(a)           No later than 55 calendar days after the Initial
Closing Date (the “Filing Deadline”), the Company shall prepare and file with
the SEC one or more registration statements (collectively, the “Initial
Registration Statement”) on Form S-3 (unless the Company is not then eligible
to register for resale on Form S-3, in which case on another appropriate form)
in order to register with the SEC the resale by the Purchasers, from time to
time, of the Conversion Shares and the Warrant Shares (collectively, the
“Initial Securities”) through Nasdaq or the facilities of any national
securities exchange on which the Company’s Common Stock is then traded, or in
privately negotiated transactions. Unless otherwise directed by the Purchasers
or as required by the SEC or the rules and regulations of the SEC as then in
effect, the Initial Registration Statement shall contain the Plan of
Distribution attached hereto as Exhibit E. 
The Company shall use its commercially reasonable efforts to cause the
Initial Registration Statement to be declared effective as soon thereafter as
possible, but in any event prior to 157 days after the Initial Closing Date
(the “Effectiveness Deadline”).

(b)           (i)  At any
time after the first anniversary of the date the Initial Closing Date, if the
Company receives a written request from the holders (the “Initiating Holders”)
of at least 75% of the Dividend Shares (as defined below) (together with the
Initial Securities, the “Registrable Securities”), which have not been
previously registered with the SEC for resale, that the Company file on Form
S-3 (unless the Company is not then eligible to register for resale on Form
S-3, in which case on another appropriate form) covering the registration of at
least 75% of the Dividend Shares then outstanding and which have not been
previously registered with the SEC for resale (the “Dividend Registration
Statement”), in order to register with the SEC the resale by the Purchasers,
from time to time, of such unregistered Dividend Shares, then the Company
shall, within ten (10) days of the receipt thereof, give written notice of such
request to all holders of Dividend Shares, and subject to the limitations of
this Section 9.1(b), effect, as expeditiously as reasonably possible, the
registration of all Dividend Shares requested to be registered; provided, that the Company shall (i)
prepare and file with the SEC each such Dividend Registration Statement within
thirty (30) days of receipt of a written request from the Initiating Holders
(each, a “Dividend Filing Deadline”), and (ii) use its commercially reasonable
efforts to cause each such Dividend Registration Statement to be declared
effective within ninety (90) days after the date of such written request (each,
a “Dividend Effectiveness Deadline”).  
“Dividend Shares” shall mean shares of then outstanding Common Stock
issued as (or issuable upon the conversion or exercise of any convertible
preferred stock, warrant, right or other security that is issued as) a dividend
or other distribution with respect to, or in exchange for or in replacement of,
the Conversion Shares or the Warrant Shares.

(ii)  The Company shall not be required to effect
a registration pursuant to this Section 9.1(b):

 

 

                (1)           if
the Company shall furnish to the Initiating Holders a certificate signed by the
Chairman of the Board stating that in the good faith judgment of the Board of
Directors of the Company, it would be seriously detrimental to the Company and
its stockholders for such registration statement to be effected at such time,
in which event the Company shall have the right to defer such filing for a
period of not more than one hundred twenty (120) days after receipt of the
request of the Initiating Holders; provided that such right to delay a
request shall be exercised by the Company not more than once in any twelve (12)
month period; or

 

                (2)           if
the Company has, within the twelve (12) month period preceding the date of such
request, already effected a registration pursuant to this Section 9.1(b).

 

(iii)  Unless otherwise directed by the Purchasers
or as required by the SEC or the rules and regulations of the SEC as then in
effect, each Dividend Registration Statement shall contain the Plan of
Distribution attached hereto as Exhibit E.

 

(c)           (i)  The
Company shall notify all holders of Dividend Shares in writing at least ten
(10) days prior to the filing of any registration statement under the
Securities Act for purposes of a public offering of securities of the Company
(including registrations statements relating to secondary offerings of
securities of the Company), other than a registration statement relating to any
employee benefit plan (the “Subsequent Registration Statement” and together
with the Initial Registration Statement and Dividend Registration Statement, a
“Registration Statement”) and will afford each such holder an opportunity to
include in such Subsequent Registration Statement all or part of such Dividend
Shares held by such holder.  Each holder
desiring to include in any such Subsequent Registration Statement all or any
part of the Dividend Shares held by it shall, within ten (10) days after the
above-described notice from the Company, so notify the Company in writing.  Such notice shall state the intended method
of disposition of the Dividend Shares by such holder, if other than as set
forth in Exhibit E.  If a holder decides
not to include all of its Dividend Shares in any registration statement
thereafter filed by the Company, such holder shall nevertheless continue to
have the right to include any Dividend Shares in any subsequent registration
statement or registration statement as may be filed by the Company with respect
to offerings of its securities, all upon the terms and conditions set forth
herein.

      
                                         (ii)   If
the Subsequent Registration Statement under which the Company gives notice
under this Section 9.1(c) is for an underwritten offering, the Company
shall so advise the holders of Dividend Shares.  In such event, the right of any such holder to be included in a
registration pursuant to this Section 9.1(c) shall be conditioned upon
such holder’s participation in such underwriting and the inclusion of such
holder’s Dividend Shares in the underwriting to the extent provided
herein.  Notwithstanding any other
provision of this Agreement, if the underwriter determines in good faith that
marketing factors require a limitation of the number of shares to be
underwritten, the number of shares that may be included in the underwriting
shall be allocated, first, to the Company; second, to the holders on a pro rata
basis based on the total number of Dividend Shares held by the holders; and
third, to any stockholder of the Company (other than a holder) on a pro rata
basis. If any holder disapproves of the terms of any such underwriting, such
holder may elect to withdraw therefrom by written notice to the 

 

 

Company and the underwriter, delivered at
least ten (10) business days prior to the effective date of the Subsequent
Registration Statement.  Any Dividend
Shares excluded or withdrawn from such underwriting shall be excluded and
withdrawn from the registration.

 

(iii)          The Company shall have the right to terminate or withdraw
any registration initiated by it under this Section 9.1(c) prior to the
effectiveness of such registration whether or not any holder has elected to
include securities in such registration.

 

(d)           Not less than five trading days prior to the filing of
a Registration Statement or any prospectus contained in a Registration
Statement (a “Prospectus”) or any amendment or supplement thereto, the Company
shall, (i) furnish to the Purchasers for their review copies of all such
documents proposed to be filed (including documents incorporated or deemed
incorporated by reference), and (ii) notify each Purchaser in writing of the
information the Company requires from each such Purchaser to be included in
such Registration Statement. The Company will cause its officers and directors,
counsel and independent certified public accountants to respond to such
inquiries as the Purchasers shall deem reasonably necessary as soon as
practicable after having received such inquiries.  Unless otherwise directed by the Purchasers or as required by the
SEC or the rules and regulations of the SEC as then in effect, each
Registration Statement shall contain the Plan of Distribution attached hereto
as Exhibit E.

(e)           The Company shall (i) prepare and file with the SEC
(x) such amendments and supplements to each Registration Statement and the
Prospectus used in connection therewith, and (y) such other filings required by
the SEC, and (ii) take such other actions, in each case as may be necessary to
keep the Registration Statement continuously effective and so that such
Registration Statement will not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading, and so that such Prospectus will
not contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading, until
the earlier of (A) the date that the Purchasers have completed the distribution
related to the Registrable Securities, (B) such time that all Registrable
Securities then held by the Purchasers can be sold without compliance with the
registration requirements of the Securities Act pursuant to Rule 144(k) under
the Securities Act, or (C) such time as all Purchasers shall hold less than one
percent of the Common Stock then outstanding as set forth under Rule 144(e)(1)
under the Securities Act (the “Effectiveness Period”). The Company shall not,
during such period, voluntarily take any action that would result in the
Purchasers not being able to offer and sell Registrable Securities during that
period, unless such action is taken by the Company in good faith in compliance
with Section 9.2(g) below.

(f)            (i) Furnish to the Purchasers with respect to the
Registrable Securities registered under the Registration Statement such number
of copies of the Registration Statement (including pre-effective and
post-effecive amendments), Prospectuses (including supplemental prospectuses)
and preliminary versions of the Prospectus filed with the SEC (“Preliminary
Prospectuses”) in conformity with the requirements of the Securities Act and
such other documents as the Purchasers may reasonably request, in order to
facilitate the public sale or other disposition of all or any of the
Registrable Securities by the Purchasers; and (ii) upon request, inform each
Purchaser who so requests that the Company has complied with its obligations in

 

 

Section 9.1(f)(i)
(or that, if the Company has filed a post-effective amendment to the
Registration Statement which has not yet been declared effective, the Company
will notify the Purchaser to that effect, will use its reasonable efforts to
secure the effectiveness of such post-effective amendment as promptly as
reasonably possible and will promptly notify the Purchaser pursuant to Section
9.1(f)(i) hereof when the amendment has become effective).

(g)           Notify the Purchasers as promptly as reasonably
possible and (if requested by any such Person) confirm such notice in writing
no later than one trading day following the day (i) (A) when the SEC notifies
the Company whether there will be a review of a Registration Statement and
whenever the SEC comments in writing on such Registration Statement (the
Company shall provide true and complete copies thereof and all written
responses thereto to each of the Purchasers); and (B) with respect to a
Registration Statement or any post-effective amendment, when the same has
become effective; (ii) of any request by the SEC for amendments or supplements
to a Registration Statement or Prospectus or for additional information; (iii)
of the issuance by the SEC of any stop order suspending the effectiveness of a
Registration Statement covering any or all of the Registrable Securities or the
initiation of any proceedings for that purpose; (iv) of the receipt by the
Company of any notification with respect to the suspension of the qualification
or exemption from qualification of any of the Registrable Securities for sale
in any jurisdiction, or the initiation or threatening of any proceeding for
such purpose; and (v) of the occurrence of any event or passage of time that makes
the financial statements included in a Registration Statement ineligible for
inclusion therein or any statement made in such Registration Statement or
Prospectus or any document incorporated or deemed to be incorporated therein by
reference untrue in any material respect or that requires any revisions to such
Registration Statement, Prospectus or other documents so that, in the case of a
Registration Statement, such Registration Statement will not contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, and
so that such Prospectus will not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they
were made, not misleading.

(h)           File documents required of the Company for normal blue
sky clearance in states reasonably specified in writing by the Purchasers prior
to the effectiveness of the Registration Statement; provided, however, that the Company shall not be required to
qualify to do business or consent to service of process in any jurisdiction in
which it is not now so qualified or has not so consented.

(i)            Use its commercially reasonable efforts to avoid the
issuance of, or, if issued, obtain the withdrawal of (i) any order suspending
the effectiveness of a Registration Statement, or (ii) any suspension of the
qualification (or exemption therefrom) of any of the Registrable Securities for
sale in any jurisdiction, at the earliest practicable moment.

(j)            Cooperate with the Purchasers to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to
be delivered to any transferee pursuant to any Registration Statement free of
any restrictive legends and in such denominations and registered in such names
as the Purchasers may reasonably request.

 

 

(k)           In the event of any underwritten public offering,
enter into and perform its obligations under an underwriting agreement, in
usual and customary form, with the managing underwriter(s) of such offering.
Each Purchaser participating in such underwriting shall also enter into and
perform its obligations under such an agreement.

(l)            In the event of any underwritten public offering, use
its commercially reasonable efforts to furnish, on the date that such
Registrable Securities are delivered to the underwriters for sale, if such
securities are being sold through underwriters, (i) an opinion, dated as of
such date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in
an underwritten public offering, addressed to the underwriters, if any, and
(ii) a letter, dated as of such date, from the independent certified public
accountants of the Company, in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten
public offering addressed to the underwriters.

(m)          Cause all such Registrable Securities registered
pursuant hereto to be listed on Nasdaq, if the Common Stock is then listed on
Nasdaq, and each other securities exchange on which similar securities issued
by the Company are then listed.

(n)           The Company understands that each of the Purchasers
disclaims being an underwriter, but any Purchasers being deemed an underwriter
by the SEC shall not relieve the Company of any obligations it has hereunder.

9.2          Transfer
of Shares After Registration; Suspension; Damages.

(a)           Each Purchaser, severally and not jointly, agrees (i)
that it will not sell, offer to sell, solicit offers to buy, dispose of, loan,
pledge or grant any right with respect to the Registrable Securities or
otherwise take an action that would constitute a sale within the meaning of the
Securities Act, other than transactions exempt from the registration
requirements of the Securities Act, except as contemplated in the Registration
Statement referred to in Section 9.1 and as described below, (ii) that it shall
be a condition precedent to the obligations of the Company to complete the
registration pursuant to this Agreement with respect to the Registrable
Securities of a particular Purchaser that such Purchaser shall furnish to the
Company such information regarding itself, the Registrable Securities held by
it and the intended method of disposition of the Registrable Securities held by
it as shall be required to effect the registration of such Registrable
Securities, (iii) that it shall execute such documents in connection with such
registration, that are customary for registration statements, as the Company
may reasonably request, (iv) to cooperate with the Company as reasonably
requested by the Company in connection with the preparation and filing of any
Registration Statement hereunder, unless such Purchaser has notified the
Company in writing of such Purchasers election to exclude all of such
Purchasers Registrable Securities from such Registration Statement and (v) that
it will promptly notify the Company of any changes in the information set forth
in the Registration Statement regarding the Purchaser or its plan of
distribution. Any delay of a Purchaser in taking the actions set forth in
clauses (ii), (iii), (iv) and (v) of this Section 9.2(a), or caused solely as a
result of the use of the Plan of Distribution filed as Exhibit E hereto, shall
be deemed a “Purchaser Delay” for
purposes of this Agreement.

 

 

(b)           Subject to paragraph (c) below, in the event: (i) of
any request by the SEC or any other federal or state governmental authority
during the period of effectiveness of the Initial Registration Statement or any
Dividend Registration Statement for amendments or supplements to such
Registration Statements or related Prospectuses or for additional information;
(ii) of the issuance by the SEC or any other federal or state governmental
authority of any stop order suspending the effectiveness of the Initial
Registration Statement or any Dividend Registration Statement or the initiation
of any proceedings for that purpose; (iii) of the receipt by the Company of any
notification with respect to the suspension of the qualification or exemption
from qualification of any of the Registrable Securities for sale in any
jurisdiction or the initiation of any proceeding for such purpose; or (iv) of
any event or circumstance which necessitates the making of any changes in the
Initial Registration Statement or any Dividend Registration Statement or
related Prospectuses, or any document incorporated or deemed to be incorporated
therein by reference, so that, in the case of such Registration Statements,
they will not contain any untrue statement of a material fact or any omission
to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, and that in the case of the Prospectuses,
they will not contain any untrue statement of a material fact or any omission
to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading; then the Company shall promptly deliver a certificate in
writing to each Purchaser (a “Suspension Notice”) to the effect of the
foregoing and, upon receipt of such Suspension Notice, the Purchaser will
refrain from selling any Registrable Securities pursuant to such Registration
Statements (a “Suspension”) until the Purchasers’ receipt of copies of
supplemented or amended Prospectuses prepared and filed by the Company, or
until it is advised in writing by the Company that the current Prospectuses may
be used, and has received copies of any additional or supplemental filings that
are incorporated or deemed incorporated by reference in any such Prospectus.

(c)           In the event of any Suspension, the Company will use
its commercially reasonable efforts to cause the use of the Prospectus so
suspended to be resumed as soon as reasonably practicable but in any event
within forty-five (45) days after delivery of a Suspension Notice to
Purchasers; provided, however,
that Purchasers shall not be prohibited from selling Registrable Securities
under the Initial Registration Statement or any Dividend Registration Statement
as a result of Suspensions on more than three occasions of not more than
forty-five (45) days each and not more than ninety (90) days in the aggregate
in any twelve month period. 
Notwithstanding the foregoing, if the Company ceases to be eligible to
register the Registrable Securities on Form S-3 and resolution of any Suspension
requires the Company to file a post-effective amendment on Form S-1, (i) the
Company will use its commercially reasonable efforts to cause the use of the
Prospectus so suspended to be resumed as soon as reasonably practicable but in
any event within ninety (90) days after delivery of a Suspension Notice to
Purchasers, and (ii) the Purchasers shall not be prohibited from selling
Registrable Securities under the Initial Registration Statement or any Dividend
Registration Statement as a result of Suspensions on or after the date that the
Company ceases to be eligible to register the Registrable Securities on Form
S-3 on more than three occasions of not more than sixty (60) days each in any
twelve month period.  In addition to and
without limiting any other remedies (including, without limitation, at law or
at equity) available to the Purchaser, the Purchaser shall be entitled to
specific performance in the event that the Company fails to comply with the
provisions of this Section 9.2(c).

 

 

(d)           Provided that a Suspension in accordance with
paragraphs (b) and (c) of this Section 9.2 is not then in effect a Purchaser
may sell Registrable Securities under the Registration Statement, provided that
it arranges for delivery of a current Prospectus to the transferee of such
Registrable Securities. Upon receipt of a request therefor, the Company will
provide an adequate number of current Prospectuses to the Purchaser and to any
other parties requiring such Prospectuses.

(e)           In the event of a sale of Registrable Securities by a
Purchaser, unless such requirement is waived by the Company in writing, such
Purchaser shall deliver to the Company’s transfer agent, with a copy to the
Company, of a Seller’s Certificate of Sale substantially in the form attached
hereto as Appendix III.

(f)            If (i) the Initial Registration Statement or a
Dividend Registration Statement covering all of the Registrable Securities to
which it is required to cover (a) is not filed with the SEC on or prior to the
Filing Deadline or the Dividend Filing Deadline, as the case may be, or (b) has
not been declared effective by the SEC on or prior to the Effectiveness
Deadline or the Dividend Effectiveness Deadline, as the case may be, or (ii)
the Initial Registration Statement or the Dividend Registration Statement, as
the case may be, ceases to be effective as to, or ceases to be available to the
Purchasers with respect to, all Registrable Securities to which it is required
to relate at any time prior to the expiration of the Effectiveness Period other
than during the continuance and for the enumerated time periods of any
Suspension in accordance with paragraphs (c) and (d) of this Section 9.2 (any
such event, a “Registration Default”), then the Company shall pay each
Purchaser liquidated damages in an amount equal to (i) with respect to the
Initial Securities under the Initial Registration Statement, one percent (1.0%)
of the aggregate purchase price paid by such Purchaser for the Initial
Securities available for sale under the Initial Registration Statement at the
time of the Registration Default per calendar month, including a pro rata
portion thereof for any partial calendar month, that such Registration Default
continues, and (ii) with respect to the Dividend Shares under any Dividend
Registration Statement, one percent (1.0%) of the Original Issue Price (as
defined in the Certificate of Designations of Series A and Series B Convertible
Preferred Stock of Pharsight Corporation) for each Dividend Share available for
sale under such Dividend Registration Statement at the time of the Registration
Default per calendar month, including a pro rata protion thereof for any
partial calendar month, that such Registration Default continues (collectively,
“Liquidated Damages”); provided, however,
that no Purchaser shall be entitled to Liquidated Damages with respect to any
Registrable Securities previously sold or then eligible to be sold within a
three (3) month period without compliance with the registration requirements of
the Securities Act under Rule 144 of the Securities Act. The Company shall not
in any event be required to pay Liquidated Damages for more than one
Registration Default at any given time, and upon cure of a Registration Default
(by the filing or the declaration of effectiveness of the Registration
Statement, as applicable) such Liquidated Damages shall cease to accrue. All
accrued Liquidated Damages shall be paid in cash to the Purchasers entitled
thereto, in proportion to the aggregate number of Registrable Securities
beneficially owned by each such Purchaser to which the Initial Registration
Statement or the Dividend Registration Statement relates. Notwithstanding
anything in the foregoing to the contrary, all periods in clauses (i) and (ii)
shall be tolled to the extent of any delays caused solely by any Purchaser
Delay.

 

 

9.3          Expenses of Registration.  Except as specifically provided herein,
all expenses incurred by the Company in complying with Section 9 hereof,
including, all registration and filing fees, printing expenses, fees and disbursements
of counsel for the Company, reasonable fees and expenses of one counsel to the
Purchasers (which shall be in addition to any fees pursuant to Sections 12.9
but which shall not exceed, in the aggregate, $10,000), blue sky fees and
expenses, fees and the expense of any special audits incident to or required by
any such registration (but excluding the compensation of regular employees of
the Company which shall be paid in any event by the Company) (collectively, the
“Registration Expenses”) shall be borne by the Company. The Company shall not,
however, be required to pay for expenses of any registration proceeding begun
pursuant to Section 9.1(b), the request of which has been subsequently
withdrawn by the Initiating Holders unless (a) the withdrawal is based upon
material adverse information concerning the Company of which the Initiating
Holders were not aware at the time of such request, or (b) the holders of at
least 75% of the Dividend Shares agree to forfeit their right to one requested
registration pursuant to Section 9.1(b), in which event such right shall be
forfeited by all holders of Dividend Shares. 
All underwriting discounts and selling commissions applicable to a sale
incurred in connection with any registrations hereunder shall be borne by the
holders of the securities so registered pro rata on the basis of the number of
shares so sold.

9.4          Delay of Registration; Furnishing Information.  The Purchasers shall furnish to the Company such information regarding
themselves, the Registrable Securities held by them and the intended method of
disposition of such securities as shall be required to effect the registration
of their Registrable Securities. Furthermore, each Purchaser, severally and not
jointly, agrees to promptly notify the Company of any changes in the
information set forth in a Registration Statement regarding such Purchaser or
its plan of distribution set forth in such registration statement.

9.5          Indemnification.  In the event any Registrable Securities
are included in a Registration Statement under this Section 9.

(a)           The Company will indemnify and hold harmless each
Purchaser, the partners, officers and directors of each Purchaser, any
underwriter (as defined in the Securities Act) for such Purchaser and each
person, if any, who controls such Purchaser or underwriter within the meaning
of the Securities Act or the Exchange Act, against any losses, claims, damages,
or liabilities (joint or several) to which they may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are
based upon any of the following statements, omissions or violations
(collectively a “Violation”): (i) any untrue statement or alleged untrue statement
of a material fact contained in such Registration Statement, including any
preliminary prospectus or final prospectus contained therein or any amendments
or supplements thereto, (ii) the omission or alleged omission to state therein
a material fact required to be stated therein, or necessary to make the
statements therein not misleading, or (iii) any violation or alleged violation
by the Company of the Securities Act, the Exchange Act, any state securities
law or any rule or regulation promulgated under the Securities Act, the
Exchange Act or any state securities law in connection with the offering
covered by such Registration Statement; and the Company will pay as incurred to
each such Purchaser, partner, officer, director, underwriter or controlling person
for any legal or other expenses reasonably incurred by them in connection with 

 

 

investigating or
defending any such loss, claim, damage, liability or action; provided, however, that the indemnity
agreement contained in this Section 9.5 shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Company, which consent shall
not be unreasonably withheld, unless such settlement (x) includes an unconditional
release of the Company from all liability on any claims that are the subject
matter of such action, and (y) does not include a statement as to or an
admission of fault, culpability or a failure to act by or on behalf of the
Company; provided, further, that
the Company shall not be liable in any such case for any such loss, claim,
damage, liability or action to the extent that it arises out of or is based
upon a Violation which (i) occurs in reliance upon and in conformity with
written information furnished expressly for inclusion in such Registration
Statement, prospectus, amendment or supplement by such Purchaser, partner,
officer, director, underwriter or controlling person of such Purchaser or (ii)
based upon a claim that a Preliminary Prospectus contained an untrue statement
or alleged untrue statement of a material fact or omission or alleged omission
to state therein a material fact required to be stated therein, or necessary to
make the statements therein not misleading, if such person was not sent or
given a copy of the Prospectus (or the Prospectus as amended or supplemented)
at or prior to the written confirmation of the sale of such Registrable
Securities to such person and the untrue statement contained in or omission
from such Preliminary Prospectus was corrected in the final Prospectus (or the
Prospectus as amended or supplemented) unless such failure is the result of
noncompliance by the Company of Section 9.1(d) or (f) hereof; provided, further, that this
indemnification agreement will be in addition to any liability which the
Company may otherwise have to the Purchasers.

(b)           Each Purchaser will, if Registrable Securities held by
such Purchaser are included in the securities as to which such Registration
Statement, prospectus, amendment or supplement is being filed, severally and
not jointly, indemnify and hold harmless the Company, each of its directors,
its officers and each person, if any, who controls the Company within the
meaning of the Securities Act or Exchange Act, any underwriter and any other
Purchaser selling securities under such Registration Statement or any of such
other Purchasers partners, directors or officers or any person who controls
such Purchaser, against any losses, claims, damages or liabilities (joint or
several) to which the Company or any such director, officer, controlling
person, underwriter or other such Purchaser, or partner, director, officer or
controlling person of such other Purchaser may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereto) arise out of or are
based upon any Violation, in each case to the extent (and only to the extent)
that such Violation occurs in reliance upon and in conformity with written
information furnished by such Purchaser specifically for use in connection with
such Registration Statement, prospectus, amendment or supplement; and each such
Purchaser will pay as incurred any legal or other expenses reasonably incurred
by the Company or any such director, officer, controlling person, underwriter
or other person registering shares under such registration, or partner,
officer, director or controlling person of such other person registering shares
under such Registration Statement in connection with investigating or defending
any such loss, claim, damage, liability or action if it is judicially
determined that there was such a Violation; provided,
however, that the indemnity agreement contained in this Section 9.5
shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of the
Purchaser, which consent shall not be unreasonably withheld, unless such
settlement (x) includes an unconditional release of such Purchaser from all
liability on any 

 

claims that are
the subject matter of such action, and (y) does not include a statement as to
or an admission of fault, culpability or a failure to act by or on behalf of
such Purchaser; provided, further,
that in no event shall any indemnity under this Section 9.5 exceed the dollar
amount of the proceeds to be received by such Purchaser from the sale of such
Purchasers Registrable Securities pursuant to the Registration Statement.

(c)           Promptly after receipt by an indemnified party under
this Section 9.5 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect
thereof is to be made against any indemnifying party under this Section 9.5, deliver
to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel reasonably
satisfactory to the parties; provided,
however, that an indemnified party shall have the right to retain
its own counsel, with the fees and expenses to be paid by the indemnifying
party, if representation of such indemnified party by the counsel retained by
the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party
represented by such counsel in such proceeding. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement
of any such action shall not relieve such indemnifying party of any liability
to the indemnified party under this Section 9.5, unless and to the extent that
such failure is materially prejudicial to the indemnifying party’s ability to
defend such action, but the omission so to deliver written notice to the
indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 9.5.

(d)           If the indemnification provided for in this Section
9.5 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any losses, claims, damages or liabilities
referred to herein, the indemnifying party, in lieu of indemnifying such
indemnified party thereunder, shall to the extent permitted by applicable law
contribute to the amount paid or payable by such indemnified party as a result
of such loss, claim, damage or liability (i) in such proportion as is
appropriate to reflect the relative benefits received by the indemnifying party
or parties on the one hand and the indemnified party on the other from the sale
of the Registrable Securities pursuant to the Registration Statement, or (ii)
if such allocation is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits but also the relative
fault of the indemnifying party or parties on the one hand and the indemnified
party on the other in connection with the Violation(s) that resulted in such
loss, claim, damage or liability, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the
indemnified party shall be determined by a court of law by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission; provided, that in no event shall any contribution by a
Purchaser hereunder exceed the dollar amount of the proceeds to be received by
such Purchaser from the sale of such Purchaser’s Registrable Securities
pursuant to the Registration Statement.

 

 

(e)           The obligations of the Company and the Purchasers
under this Section 9.5 shall survive completion of any offering of Registrable
Securities in a Registration Statement and the termination of this Agreement.

9.6          Agreement to Furnish Information. 
In
connection with an underwritten registration in which such Purchaser is
participating, each Purchaser agrees to execute and deliver such other
agreements as may be reasonably requested by the Company or the
underwriter.  In addition, if requested
by the Company or the representative of the underwriters of Common Stock (or
other securities) of the Company, each Purchaser shall provide such information
related to such Purchaser as may be required by the Company or such
representative in connection with the completion of any public offering of the
Companys securities pursuant to a Registration Statement filed under the
Securities Act.

9.7          Assignment of Registration Rights. 
The
rights to cause the Company to register Registrable Securities pursuant to this
Section 9 may be assigned (but only with the related obligations) by a
Purchaser, provided (i) each transfer to each transferee or designee involves
either (X) all Registrable Securities held by such Purchaser, (Y) not less than
twenty-five thousand (25,000) shares of Preferred Stock, or (Z) an affiliate,
partner or former partner of such Purchaser, (ii) the Company is, within a
reasonable time after such transfer, furnished with written notice of the name
and address of such transferee or assignee, (iii) such transferee or assignee
agrees in writing to assume the obligations of this Section 9 and (iv) such
assignment shall be effective only if immediately following such transfer the
further disposition of such shares by the transferee or assignee is restricted
under the Securities Act (for purposes of this statement, if the transferee (x)
is able to sell all of the Restricted Securities held by such transferee
pursuant to Rule 144(k) or (y) holds less than 1% of the Company’s Common Stock
following such transfer and has the ability to sell all of such Common Stock
under Rule 144 within a three month period, then further disposition will not
be deemed to be restricted under the Securities Act).

9.8          Rule 144 Reporting.  With a view to making available to the
Purchasers the benefits of certain rules and regulations of the SEC which may
permit the sale of the Registrable Securities to the public without registration,
the Company agrees to use its commercially reasonable efforts to:

(a)           Make and keep public information available, as those
terms are understood and defined in SEC Rule 144 or any similar or analogous
rule promulgated under the Securities Act;

(b)           File with the SEC, in a timely manner, all reports and
other documents required of the Company under the Exchange Act; and

(c)           So long as a Purchaser owns any Registrable
Securities, furnish to such Purchaser forthwith upon request: a written
statement by the Company as to its compliance with the reporting requirements
of said Rule 144 of the Securities Act, and of the Exchange Act (at any time
after it has become subject to such reporting requirements); a copy of the most
recent annual or quarterly report of the Company; and such other reports and
documents as a Purchaser 

 

may reasonably
request in availing itself of any rule or regulation of the SEC allowing it to
sell any such securities without registration.

9.9          S-3 Eligibility.  The Company will use its commercially
reasonable efforts to meet the requirements for the use of Form S-3 for
registration of the resale by the Purchasers of the Registrable Securities. The
Company will use its commercially reasonable efforts to file all reports
required to be filed by the Company with the SEC in a timely manner and take
all other necessary action so as to maintain such eligibility for the use of
Form S-3.

9.10        Termination
of Registration Rights.  Subject to the rights of transferees
under Section 9.7 hereof, the Company’s obligations pursuant to this Section 9
shall terminate with respect to each Purchaser severally upon the earlier of
(A) the date that such Purchaser has completed the distribution related to such
Purchaser’s Registrable Securities, (B) such time that all Registrable
Securities then held by such Purchaser can be sold without compliance with the
registration requirements of the Securities Act pursuant to Rule 144(k) under
the Securities Act, or (C) such time as such Purchaser shall hold less than one
percent of the Common Stock then outstanding as set forth under Rule 144(e)(1)
under the Securities Act and has the ability to sell all of such Purchaser’s
Registrable Securities under Rule 144 within a three month period.  Following a termination of the Companys
obligations pursuant to the preceding sentence with respect to a Purchaser, any
Securities held by such Purchaser shall not be deemed to be Registrable
Securities thereafter, and the obligations of such Purchaser pursuant to this
Section 9 shall also terminate.

9.11        Amendment
of Registration Rights.  Provisions of this Section 9 may be
amended and the observance thereof may be waived (either generally or in a
particular instance and either retroactively or prospectively), only with the
written consent of the Company and Purchasers who then hold not less than 75%
of the Registrable Securities. Any amendment or waiver effected in accordance
with this Section 9.11 shall be binding upon each Purchaser and the Company. No
such amendment shall be effective to the extent that it applies to less than
all of the holders of the Registrable Securities.

9.12        Legends.  Each certificate representing Shares and the Dividend
Shares shall (unless such Shares or Dividend Shares are then eligible for
transfer pursuant to Rule 144(k) under the Securities Act or as otherwise
permitted under applicable law or the provisions of the Agreement) be stamped
or otherwise imprinted with a legend substantially similar to the following (in
addition to any legend required under applicable state securities laws or as
provided elsewhere in this Agreement):

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT
OR, IN THE OPINION OF COUNSEL OR BASED ON OTHER WRITTEN EVIDENCE IN THE FORM
AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE
OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

 

 

Nothing
in this Section 9.12 or elsewhere in this Agreement shall be deemed to restrict
the ability of the holder of any Securities or Dividend Shares to transfer any
such Securities or Dividend Shares to an affiliate, partner or former partner
of such holder in compliance with the Securities Act, nor shall any legal
opinion be required in connection therewith.”

 

 

                3.             Waiver.  The Purchasers hereby waive all of their respective
rights to any liquidated damages they may have pursuant to Section 9.2(f) of
the Purchase Agreement for the period beginning November 30, 2002 through the
date hereof.  The Purchasers hereby
acknowledge that the Company shall not be obligated to make any payment of
liquidated damages to any Purchaser for any Registration Default with respect
to any period ending on or prior to the date hereof.

 

                4.             Full Force and
Effect.  Except as
otherwise provided herein, all other provisions of the Purchase Agreement shall
remain in full force and effect.

 

                5.             Binding Effect.  Upon execution of this Amendment by Purchasers who hold at least
75% of the Registrable Securities, this Amendment shall be binding against all
Purchasers pursuant to Section 9.11 of the Agreement.

 

                6.             Governing Law.  This Amendment shall be governed by and
construed in accordance with the laws of the State of California as applied to
contracts entered into and performed entirely in California by California
residents, without regard to conflicts of law principles.

 

                7.             Successors and Assigns.  Except as otherwise expressly provided
herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the
parties hereto

 

                8.             Counterparts.  This Amendment may be executed in two or more counterparts, each
of which shall constitute an original, but all of which, when taken together,
shall constitute but one instrument, and shall become effective when one or
more counterparts have been signed by each party hereto and delivered to the
other parties.

 

 

 

                IN WITNESS WHEREOF, the undersigned have
caused this Amendment to be executed as of the date first written above.

 

COMPANY:

 

PHARSIGHT
CORPORATION

 

 

 

	
  By:  

  	
  /s/ Shawn M. O’Connor

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  Shawn M. O’Connor

  	
   

  	
   

  
	
   

  	
  Title:

  	
  President and Chief
  Executive Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PURCHASERS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ALLOY PARTNERS 2000, L.P.

  	
   

  	
   

  
	
  ALLOY VENTURES 2000, L.P.

  	
   

  	
   

  
	
  ALLOY CORPORATE 2000, L.P.

  	
   

  	
   

  
	
  ALLOY INVESTORS 2000, L.P.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:  

  	
  Alloy
  Ventures 2000, LLC, its General Partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Tony DiBona

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Tony DiBona

  	
   

  	
   

  
	
   

  	
  Title: 

  	
  Managing Member

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  480
  Cowper Street

  	
   

  	
   

  
	
   

  	
   

  	
  Second
  Floor

  	
   

  	
   

  
	
   

  	
   

  	
  Palo
  Alto, California

  	
   

  	
   

  
	
   

  	
   

  	
  Attn:  Tony Di Bona

  	
   

  	
   

  
	
   

  	
  Email:

  	
  cfo@alloyventures.com

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (650)
  687-5010

  	
   

  	
   

  
							

 

PURCHASERS CONTINUED:

DONALDSON, LUFKIN & JENRETTE 

SECURITIES CORPORATION, as nominee 

for DLJ First ESC, L.P., EMA 2001
Plan, L.P., 

CSFB 2001 Investors, L.P., Credit
Suisse First 

Boston Private Equity, Inc.,
Docklands 2001 

Plan, L.P., and Paradeplatz 2001
Plan, L.P.

 

 

 

	
  By:  

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout Group

  	
   

  	
   

  
	
   

  	
   

  	
  11 Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SPROUT ENTREPRENEURS FUND, L.P.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:  

  	
  DLJ
  Capital Corp., its General Partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout
  Group

  	
   

  	
   

  
	
   

  	
   

  	
  11
  Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th
  Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
							

 

 

PURCHASERS CONTINUED:

SPROUT CAPITAL IX, L.P.

By: DLJ Capital Corp., its Managing General Partner

 

 

	
  By:  

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout Group

  	
   

  	
   

  
	
   

  	
   

  	
  11 Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SPROUT CAPITAL VII, L.P.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:  

  	
  DLJ
  Capital Corp., its Managing General Partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout
  Group

  	
   

  	
   

  
	
   

  	
   

  	
  11
  Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th
  Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
							

 

PURCHASERS CONTINUED:

SPROUT CEO FUND, L.P.

By:  DLJ Capital Corp., its Managing General
Partner

	
  By:  

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout Group

  	
   

  	
   

  
	
   

  	
   

  	
  11 Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DLJ CAPITAL CORP.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout
  Group

  	
   

  	
   

  
	
   

  	
   

  	
  11
  Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th
  Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DLJ FIRST ESC L.P.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  DLJ
  LBO Plans Management Corporation, its General Partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Philippe Chambon

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Sprout
  Group

  	
   

  	
   

  
	
   

  	
   

  	
  11 Madison Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  13th
  Floor

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York, NY 10010

  	
   

  	
   

  
	
   

  	
  Email:

  	
   

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (646) 935-7094

  	
   

  	
   

  
							

 

 

 

Exhibit A

 

Purchasers

 

 

 

Alloy Partners 2000, L.P.

Alloy Ventures 2000, L.P.

Alloy Corporate 2000, L.P.

Alloy Investors 2000, L.P.

Donaldson, Lufkin & Jenrette
Securities Corporation1

Sprout Entrepreneurs Fund, L.P.

Sprout Capital IX, L.P.

Sprout Capital VII, L.P.

Sprout CEO Fund, L.P.

DLJ Capital Corp.

DLJ First ESC L.P.

 

1          As nominee
for:  DLJ First ESC, L.P., EMA 2001
Plan, L.P., CSFB 2001 Investors, L.P., Credit Suisse First Boston Private
Equity, Inc., Docklands 2001 Plan, L.P. and Paradeplatz 2001 Plan, L.P.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]