Document:

exv4w3b

Exhibit 4.3B

FIRST AMENDMENT

TO

THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

     THIS FIRST AMENDMENT to Third Amended and Restated Loan and Security Agreement (this
“Amendment”) is entered into this 7th day of August, 2008, by and between Silicon Valley Bank
(“Bank”) and Omniture, Inc., a Delaware corporation (“Borrower”) whose address is 550 E. Timpanogos
Circle, Orem, UT 84097.

Recitals

     A. Bank and Borrower have entered into that certain Third Amended and Restated Loan and
Security Agreement with an Effective Date of August 17, 2007 (as the same may from time to time be
further amended, modified, supplemented or restated, the “Loan Agreement”).

     B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.

     C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line
Maturity Date and (ii) waive the Fixed Charge Coverage covenant violation that occurred as of June
30, 2008, and the reporting requirements that were triggered by the covenant violation.

     D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the
extent, in accordance with the terms, subject to the conditions and in reliance upon the
representations and warranties set forth below.

Agreement

     Now, Therefore, in consideration of the foregoing recitals and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to
be legally bound, the parties hereto agree as follows:

     1. Definitions. Capitalized terms used but not defined in this Amendment shall have the
meanings given to them in the Loan Agreement.

     2. Amendments to Loan Agreement.

     2.1 Section 13.1 (Definitions). The following term and its definition is amended by deleting
the existing definition and replacing it with the following:

““Revolving Line Maturity Date” is October 16, 2008.”

     3. Waiver of Covenant Violation. Bank waives Borrower’s existing default under the Loan
Agreement consisting of Borrower’s failure to comply with the Fixed Charge Coverage covenant as of
June 30, 2008. To the extent Borrower was required to provide to Bank a Borrowing Base
Certificate, aged listings of accounts receivable and

 

 

accounts payable and a list of all Deferred Revenue due to such failure to comply with the
Fixed Charge Coverage covenant, Bank also waives such requirement due to the failure to comply with
the Fixed Charge Covenant as of June 30, 2008. As of September 30, 2008, Borrower shall be
required to comply with the Fixed Charge Coverage covenant and the other financial covenants set
forth in the Loan Agreement.

     Bank’s agreement to waive the default (1) is not an agreement to waive Borrower’s compliance
with the covenants for other dates and (2) will not limit or impair the Bank’s right to demand
strict performance of these covenants as of all other dates and (3) does not limit or impair the
Bank’s right to demand strict performance of all other covenants as of any date.

     4. Limitation of Amendments.

     4.1 The amendments set forth in Section 2, above, are effective for the purposes set forth
herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any
amendment, waiver or modification of any other term or condition of any Loan Document, or (b)
otherwise prejudice any right or remedy which Bank may now have or may have in the future under or
in connection with any Loan Document.

     4.2 This Amendment shall be construed in connection with and as part of the Loan Documents and
all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan
Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full
force and effect.

     5. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower
hereby represents and warrants to Bank as follows:

     5.1 Immediately after giving effect to this Amendment (a) the representations and warranties
contained in the Loan Documents are true, accurate and complete in all material respects as of the
date hereof (except to the extent such representations and warranties relate to an earlier date, in
which case they are true and correct as of such date), and (b) no Event of Default has occurred and
is continuing;

     5.2 Borrower has the power and authority to execute and deliver this Amendment and to perform
its obligations under the Loan Agreement, as amended by this Amendment;

     5.3 The organizational documents of Borrower delivered to Bank as of the Effective Date remain
true, accurate and complete and have not been amended, supplemented or restated and are and
continue to be in full force and effect;

     5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, have been duly
authorized;

 

 

     5.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not
contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual
restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or
other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d)
the organizational documents of Borrower;

     5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not require any
order, consent, approval, license, authorization or validation of, or filing, recording or
registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or made; and

     5.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or
other similar laws of general application and equitable principles relating to or affecting
creditors’ rights.

     6. Counterparts. This Amendment may be executed in any number of counterparts and all of such
counterparts taken together shall be deemed to constitute one and the same instrument.

     7. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and
delivery to Bank of this Amendment by each party hereto, and (b) Borrower’s payment of an amendment
fee in the sum of $2,500 and Bank’s out-of-pocket expenses.

[Signature page follows.]

 

 

     In Witness Whereof, the parties hereto have caused this Amendment to be duly executed
and delivered as of the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	BANK	 	 	 	BORROWER	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Silicon Valley Bank	 	 	 	Omniture, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kimberly A. Stover
	 	 	 	By:
	 	/s/ Michael S. Herring	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	Kimberly A. Stover
	 	 	 	Name:
	 	Michael S. Herring	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	Relationship Manager
	 	 	 	Title:
	 	CFOEXHIBIT 10.5 

R E S T R I C T E D
 S T O C K  A G R E E M E N T 

Non-transferable  

G R A N T  T O 

DAVID  GUTHRIE

                                                     (“Grantee”) 

by Premiere Global
Services, Inc. (the “Company”) of 

100,000 

shares of its common
stock, $0.01 par value (the “Shares”) 

pursuant to and subject to the
provisions of the Premiere Global Services, Inc. 2004 Long-Term Incentive Plan (the “Plan”)
and to the terms and conditions set forth on the following page (the “Terms and
Conditions”). 

        Unless
sooner vested in accordance  with Section 3 of the Terms and  Conditions,  the
 restrictions  imposed under Section 2 of the Terms and Conditions  will expire as to the
following  fractions of the Shares  awarded  hereunder, on the  following  respective  dates;
 provided  that  Grantee is then still  employed by the Company or any of its Affiliates: 

	Fraction of Shares
      

    	Date of Expiration

of Restrictions
      

    
	1/5	1st Anniversary of Grant Date
	1/5	2nd Anniversary of Grant Date
	1/5	3rd Anniversary of Grant Date
	1/5	4TH Anniversary of Grant Date
	1/5	5TH Anniversary of Grant Date

        IN
WITNESS WHEREOF, Premiere Global Services, Inc., acting by and through its duly
authorized officers, has caused this Agreement to be executed as of the Grant Date. 

	 	PREMIERE GLOBAL SERVICES, INC.
	 	 	 
	  	By: 	/s/ L. Scott
      Askins 
      

       
      L. Scott Askins 
	 	Its:	SVP – Legal and General Counsel
	 	 	 
	 	Grant Date:
      JUNE 30, 2005 
	 	 

	  	Accepted
      by  Grantee: 	/s/  David Guthrie 
      

    

 
	 	
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TERMS AND CONDITIONS 

1. Grant of Shares. Premiere
Global Services, Inc. (the “Company”) hereby grants to the Grantee named on Page 1
hereof (“Grantee”), subject to the restrictions and the other terms and conditions set
forth in the Premiere Global Services, Inc. 2004  Long-Term Incentive  Plan (the “Plan”) and in this
award agreement (this “Agreement”), the number of shares indicated on Page 1 hereof of
the Company’s $0.01 par value common stock (the “Shares”). Capitalized terms used herein
and not otherwise defined shall have the meanings assigned to such terms in the Plan.  

2. Restrictions. The Shares
are subject to each of the following restrictions. “Restricted Shares” mean those
Shares that are subject to the restrictions imposed hereunder which restrictions have
not then expired or terminated. Restricted Shares may not be sold, transferred,
exchanged, assigned, pledged, hypothecated or otherwise encumbered. If Grantee’s
employment with the Company or any Affiliate terminates for any reason other than as set
forth in paragraph (b) of Section 3 hereof, then Grantee shall forfeit all
of Grantee’s right, title and interest in and to the Restricted Shares as of the date
of employment termination, such Restricted Shares shall revert to the Company
immediately following the event of forfeiture. The restrictions imposed under this
Section 2 shall apply to all shares of the Company’s common stock or other securities
issued with respect to Restricted Shares hereunder in connection with any merger,
reorganization, consolidation, recapitalization, stock dividend or other change in
corporate structure affecting the common stock of the Company.  

3. Expiration and Termination
of Restrictions.  The restrictions imposed under Section 2 will expire on the
earliest to occur of the following (the period prior to such expiration being referred to
herein as the “Restricted Period”):  

        (a)          As
to the fractions of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided
Grantee is then still employed by the Company or an Affiliate; or 

        (b)          As
to all of the unvested Shares, on the date of termination of Grantee’s employment by
reason of death or Disability. 

4. Delivery of Shares. The
Shares will be registered in the name of Grantee as of the Grant Date and will be held
by the Company during the Restricted Period in certificated or uncertificated form.
If a certificate for Restricted Shares is issued during the Restricted Period with
respect to such Shares, such certificate shall be registered in the name of Grantee and
shall bear a legend in substantially the following form (in addition to any legend
required under applicable state securities laws):  

“This  certificate and the shares of
stock  represented  hereby are subject to the terms and conditions  (including
 forfeiture and restrictions against transfer)  contained in a Restricted Stock Agreement
between the registered owner of the shares  represented  hereby and Premiere Global
Services,  Inc. Release from such terms and conditions  shall be made only in accordance
with the provisions of such Agreement,  copies of which are on file in the offices of
Premiere Global Services, Inc.” 

Stock certificates for the Shares,
 without the first above legend,  shall be delivered to Grantee or Grantee’s designee
upon request of Grantee after the expiration of the Restricted  Period, but delivery may
be postponed for such period as may be required for the Company with reasonable diligence
to comply if deemed advisable by the Company,  with registration  requirements  under the
Securities Act of 1933, as amended,  listing requirements under the rules of any stock
exchange,  and requirements  under any other law or regulation  applicable to the
issuance or transfer of the Shares. 

5. Voting and Dividend Rights.
Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights
with respect to the Shares during and after the Restricted Period. If Grantee
forfeits any rights he or she may have under this Agreement in accordance with
Section 3, Grantee shall no longer have any rights as a shareholder with respect to the
Restricted Shares or any interest therein and Grantee shall no longer be entitled to
receive dividends on such stock. In the event that for any reason Grantee shall have
received dividends upon such stock after such forfeiture, Grantee shall repay to the
Company any amount equal to such dividends.  

6. Changes in Capital
Structure. The provisions of the Plan shall apply in the case of a change in the
capital structure of the Company. Without limiting the foregoing, in the event of a
subdivision of the outstanding Stock (stock-split), a declaration of a dividend
payable in Stock, or a combination or consolidation of the outstanding Stock into a
lesser number of shares, the Shares then subject to this Agreement shall automatically
be adjusted proportionately.  

7. No Right of Continued
Employment. Nothing in this Agreement shall interfere with or limit in any way the
right of the Company or any Affiliate to terminate Grantee’s employment at any time,
nor confer upon Grantee any right to continue in the employ of the Company or any
Affiliate.  

8. Payment of Taxes. Upon
issuance of the Shares hereunder, Grantee may make an election to be taxed upon such
award under Section 83(b) of the Code. To effect such election, Grantee may file an
appropriate election with Internal Revenue Service within thirty (30) days after
award of the Shares and otherwise in accordance with applicable Treasury
Regulations. Grantee will, no later than the date as of which any amount related to the
Shares first becomes includable in Grantee’s gross income for federal income tax
purposes, pay to the Company, or make other arrangements satisfactory to the
Committee, regarding payment of, any federal, state and local taxes of any kind
required by law to be withheld with respect to such amount. The obligations of the
Company under this Agreement will be conditional on such payment or arrangements, and
the Company, and, where applicable, its Affiliates will, to the extent permitted by
law, have the right to deduct any such taxes from any payment of any kind otherwise due
to Grantee.  

9. Amendment. The Committee
may amend, modify or terminate this Agreement without approval of Grantee; provided,
however, that such amendment, modification or termination shall not, without Grantee’s
consent, reduce or diminish the value of this award determined as if it had been fully
vested (i.e., as if all restrictions on the Shares hereunder had expired) on the date of
such amendment or termination.  

10. Plan Controls. The terms
contained in the Plan are incorporated into and made a part of this Agreement and
this Agreement shall be governed by and construed in accordance with the Plan. In the
event of any actual or alleged conflict between the provisions of the Plan and the
provisions of this Agreement, the provisions of the Plan shall be controlling and
determinative.  

11. Successors. This Agreement
shall be binding upon any successor of the Company, in accordance with the terms of
this Agreement and the Plan.  

12. Severability. If any one or
more of the provisions contained in this Agreement is deemed to be invalid, illegal or
unenforceable, the other provisions of this Agreement will be construed and enforced as
if the invalid, illegal or unenforceable provision had never been included.  

13. Notice. Notices and
communications under this Agreement must be in writing and either personally
delivered or sent by registered or certified United States mail, return receipt
requested, postage prepaid. Notices to the Company must be addressed to:  

	  	
Premiere
Global Services, Inc. 

      3399 Peachtree Road N.E. 

      The Lenox Building, Suite 700 

      Atlanta, Georgia  30326 

      Attn: Director, Stock Plan Management 

or any other  address  designated by
the Company in a written  notice to Grantee.  Notices to Grantee will be directed to the
address of Grantee then currently on file with the Company, or at any other address given
by Grantee in a written notice to the Company. 

 
	 	
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