Document:

Employee Stock Purchase Plan

 EXHIBIT 4.01 
  
 NETOPIA, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
 (Amended and Restated as of October 16, 2003) 
  

	 	I.	PURPOSE 

  
 This Netopia, Inc. Employee Stock Purchase Plan (the “Plan”) is intended to provide eligible employees of the Corporation and one or more of its
Corporate Affiliates with the opportunity to acquire a proprietary interest in the Corporation through participation in a plan designed to qualify as an employee stock purchase plan under Section 423 of the Code. 
  

	 	II.	DEFINITIONS 

  
 For purposes of administration of the Plan, the following terms shall have the meanings indicated: 
  
 Board means the Board of Directors of the Corporation.

  
 Cash Compensation means (i) the regular base
salary paid to a Participant by one or more Participating Companies during such individual’s period of participation in the Plan; plus (ii) all of the following amounts to the extent paid in cash: overtime payments, bonuses, commissions,
profit-sharing distributions and other incentive-type payments. However, Cash Compensation shall not include any contributions (including Code Section 401(k) or Code Section 125 contributions) made on the Participant’s behalf by the Corporation
or any Corporate Affiliate to any deferred compensation plan or welfare benefit program now or hereafter established. 
  
 Code means the Internal Revenue Code of 1986, as amended. 
  
 Common Stock means shares of the Corporation’s common stock. 
  
 Corporate Affiliate means any parent or subsidiary corporation
of the Corporation (as determined in accordance with Code Section 424), including any parent or subsidiary corporation which becomes such after the Effective Time. 
  
 Corporation means Netopia, Inc., a Delaware corporation, and any corporate successor to all or substantially
all of the assets or voting stock of Netopia, Inc. which shall by appropriate action adopt the Plan. 
  
 Effective Time means the time at which the Underwriting Agreement for the initial public offering of the Common Stock is executed and
finally priced. The initial Offering Period under the Plan shall start at the time of such execution and pricing of the Underwriting Agreement. Any Corporate Affiliate which becomes a Participating Corporation in the Plan after such Effective Time
shall designate a subsequent Effective Time with respect to its employee-Participants. 
  

 1 

 Eligible Employee means any person who is regularly engaged for a period of more than
twenty (20) hours per week for more than five (5) months per calendar year, in the rendition of personal services to the Corporation or any other Participating Corporation as an employee for earnings considered wages under Section 3121(a) of the
Code. 
  
 Fair Market Value means, for the Effective
Time at which the initial Offering Period under the Plan begins, the price per share at which the Common Stock is to be sold in the initial public offering of the Common Stock pursuant to the Underwriting Agreement. For any subsequent date under the
Plan on which the Common Stock is registered under Section 12(g) of the 1934 Act and traded on the open market, Fair Market Value means the closing selling price per share of the Common Stock on such date, as officially quoted on the principal
securities exchange on which the Common Stock is at the time traded or, if not traded on any securities exchange, the closing selling price per share of the Common Stock on such date, as reported on the Nasdaq National Market. If there are no sales
of the Common Stock on such day, then the closing selling price per share on the last preceding day for which such closing selling price is quoted shall be determinative of Fair Market Value. 
  
 1933 Act means the Securities Act of 1933, as amended.

  
 1934 Act means the Securities Exchange Act of
1934, as amended. 
  
 Offering Period means a period
of approximately twenty-four (24) months that commences on the first business day following each Semi-Annual Purchase Date, during which a Participant may be granted a purchase right. 
  
 Participant means any Eligible Employee of a Participating Corporation who is actively participating in the
Plan. 
  
 Participating Corporation means the
Corporation and such Corporate Affiliate or Affiliates as may be authorized from time to time by the Board to extend the benefits of the Plan to their Eligible Employees. The Participating Corporations in the Plan, as of the Effective Time, are
listed in attached Schedule A. 
  
 Plan
Administrator shall have the meaning given such term in Article III. 
  
 Semi-Annual Period of Participation means each semi-annual period for which the Participant actually participates in an Offering Period in effect under the Plan. There shall be a maximum of four (4)
semi-annual periods of participation within each Offering Period. The first such semi-annual period (which may actually be more or less than six (6) months for the initial Offering Period) shall extend from the Effective Time through the last
business day in January 1997. Subsequent semi-annual periods shall be measured from the first business day of February to the last business day of July in the same calendar year and from the first business day of August to the last business day of
January in the succeeding calendar year. 
  

 2 

 Semi-Annual Purchase Date means the last business day of January and July each calendar
year on which shares of Common Stock are automatically purchased for Participants under the Plan. The initial Semi-Annual Purchase Date will be January 31, 1997. 
  

	 	III.	ADMINISTRATION 

  
 The Plan Administrator shall have sole and exclusive authority to administer the Plan and shall consist of a committee (the “Plan
Administrator”) of two (2) or more non-employee Board members appointed by the Board. The Plan Administrator shall have full authority to interpret and construe any provision of the Plan and to adopt such rules and regulations for administering
the Plan as it may deem necessary in order to comply with the requirements of Code Section 423. Decisions of the Plan Administrator shall be final and binding on all parties who have an interest in the Plan. 
  

	 	IV.	OFFERING PERIODS 

  
 A. Shares of Common Stock shall be offered for purchase under the Plan through a series of successive or overlapping Offering Periods until such time as
(i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been purchased or (ii) the Plan shall have been sooner terminated in accordance with Subsection I of Article VII, Subsection A of Article IX or
Subsection B of Article X. 
  
 B. Each Offering Period shall have
a maximum duration of twenty-four (24) months. The duration of each Offering Period shall be designated by the Plan Administrator prior to the start date. However, the initial Offering Period shall run from the Effective Time to the last business
day of July 1998. The next Offering Period shall commence on the first business day of February 1997 and continue through the last business day of January 1999, and subsequent Offering Periods shall commence as designated by the Plan Administrator.

  
 C. The Participant shall be granted a separate purchase right
for each Offering Period in which he or she participates, and each Participant may participate in more than one (1) Offering Period at any one time. Accordingly, a Participant may continue to participate in one Offering Period and also enroll in
subsequent Offering Periods. The purchase right shall be granted on the date such individual first joins an Offering Period in effect under the Plan and shall be automatically exercised in successive semi-annual installments on the last business day
of January and July of each year. Accordingly, each purchase right may be exercised up to two (2) times each year it remains outstanding. In the event that the Fair Market Value of the Common Stock on the last trading day before the commencement of
the Offering Period for which the Participant is enrolled is higher than on the last trading day before the commencement of any subsequent Offering Period, the Participant shall automatically be re-enrolled for such subsequent Offering Period. In
addition, any other provision of the Plan notwithstanding, the Corporation (at its sole discretion) may determine prior to the commencement of any new Offering Period that all Participants shall be re-enrolled for such new Offering Period. When a
Participant reaches the end of an Offering Period but his or her participation is to continue, then such Participant shall automatically be re-enrolled for the Offering Period that commences immediately after the end of the prior Offering Period.

  

 3 

 D. No purchase rights granted under the Plan shall be exercised, and no shares of Common Stock shall be
issued hereunder, until such time as (i) the Plan shall have been approved by the stockholders of the Corporation and (ii) the Corporation shall have complied with all applicable requirements of the 1933 Act (including the registration of the shares
of Common Stock issuable under the Plan on a Form S-8 registration statement filed with the Securities and Exchange Commission), all applicable listing requirements of any securities exchange on which the Common Stock is listed for trading and all
other applicable requirements established by law or regulation. 
  
 E. The Participant’s acquisition of Common Stock under the Plan on any Semi-Annual Purchase Date shall neither limit nor require the Participant’s acquisition of Common Stock on any subsequent Semi-Annual Purchase Date, whether
within the same or a different Offering Period. 
  

	 	V.	ELIGIBILITY AND PARTICIPATION 

  
 A. Each Eligible Employee of a Participating Corporation shall be eligible to participate in the Plan in accordance with the following provisions:

  
 -           An individual who is an Eligible Employee on the start date of any Offering Period under the Plan shall be eligible to commence participation in that Offering Period on such
start date. 
  
 -           An individual who first becomes an Eligible Employee after the start date of any Offering Period under the Plan may enter any subsequent Offering Period on which he/she
remains an Eligible Employee. 
  
 B. In order to participate in
the Plan for a particular Offering Period, the Eligible Employee must complete the enrollment forms prescribed by the Plan Administrator (including a purchase agreement and a payroll deduction authorization) and file such forms with the Plan
Administrator (or its designate) on or before the start date for such Offering Period. 
  
 C. The payroll deduction authorized by the Participant for purposes of acquiring shares of Common Stock under the Plan may be any multiple of one percent (1%) of the Cash Compensation paid to the Participant during
each Semi-Annual Period of Participation within the Offering Period, up to a maximum of fifteen percent (15%). However, if a Participant is participating in more than one Offering Period at any one time, the maximum authorized payroll deduction
under the Plan remains fifteen percent (15%). The deduction rate so authorized shall continue in effect for the remainder of the Offering Period, except to the extent such rate is changed in accordance with the following guidelines: 
  
 -           The
Participant may, at any time during a Semi-Annual Period of Participation, reduce his/her rate of payroll deduction to become effective as soon as possible after filing of the requisite reduction form with the Plan Administrator. The Participant may
not, however, effect more than one (1) such reduction per Semi-Annual Period of Participation. 
  

 4 

 -           The Participant may, prior to the
commencement of any new Semi-Annual Period of Participation within the Offering Period, increase the rate of his/her payroll deduction by filing the appropriate form with the Plan Administrator. The new rate (which may not exceed the fifteen percent
(15%) maximum) shall become effective as of the first day of the first Semi-Annual Period of Participation following the filing of such form. If the Participant is participating in more than one Offering Period and Participant elects to increase his
or her payroll deduction in any one Offering Period, the payroll deduction applicable to any other Offering Period shall be automatically reduced, such that the maximum payroll deduction for all concurrent Offering Periods remains fifteen percent
(15%). 
  
 D. In no event may any Participant’s payroll
deductions for any one Semi-Annual Period of Participation exceed Ten Thousand Dollars ($10,000.00). 
  
 E. Payroll deductions will automatically cease upon the termination of the Participant’s purchase right in accordance with the applicable provisions
of Section VII below. 
  

	 	VI.	STOCK SUBJECT TO PLAN 

  
 A. The Common Stock purchasable by Participants under the Plan shall, solely in the discretion of the Plan Administrator, be made available from either
authorized but unissued shares of Common Stock or from shares of Common Stock reacquired by the Corporation, including shares of Common Stock purchased on the open market. The total number of shares which may be issued in the aggregate under the
Plan shall not exceed Three Million (3,000,000) shares (subject to adjustment under Section VI.B below). 
  
 B. In the event any change is made to the Corporation’s outstanding Common Stock by reason of any stock dividend, stock split, exchange or
combination of shares, recapitalization or any other change affecting the Common Stock as a class without the Corporation’s receipt of consideration, appropriate adjustments shall be made by the Plan Administrator to (i) the class and maximum
number of securities issuable over the term of the Plan, (ii) the class and maximum number of securities purchasable per Participant on any one (1) Semi-Annual Purchase Date and (iii) the class and number of securities and the price per share in
effect under each purchase right at the time outstanding under the Plan. Such adjustments shall be designed to preclude the dilution or enlargement of rights and benefits under the Plan. 
  

	 	VII.	PURCHASE RIGHTS 

  
 Each Eligible Employee who participates in the Plan for a particular Offering Period shall have the right to purchase shares of Common Stock, in a series
of successive semi-annual installments during such Offering Period, upon the terms and conditions set forth below and shall execute a purchase agreement embodying such terms and conditions and such other provisions (not inconsistent with the Plan)
as the Plan Administrator may deem advisable. 
  

 5 

 A. Purchase Price. Common Stock shall be purchasable on each Semi-Annual Purchase
Date within the Offering Period at a purchase price equal to eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of Common Stock on the Participant’s commencement date into that Offering Period or (ii) the Fair Market
Value per share on that Semi-Annual Purchase Date. 
  
 B.
Number of Purchasable Shares. The number of shares purchasable per Participant on each Semi-Annual Purchase Date during the Offering Period shall be the number of whole shares obtained by dividing the amount collected from the
Participant through payroll deductions during the Semi-Annual Period of Participation ending with that Semi-Annual Purchase Date (together with any carryover deductions from the preceding Semi-Annual Period of Participation) by the purchase price in
effect for the Semi-Annual Purchase Date (as determined in accordance with Subsection A above). However, the maximum number of shares of Common Stock purchasable per Participant on any Semi-Annual Purchase Date shall not exceed Five Thousand (5,000)
shares, subject to periodic adjustment under Section VI.B. 
  
 Under no circumstances shall purchase rights be granted under the Plan to any Eligible Employee if such individual would, immediately after the grant, own (within the meaning of Code Section 424(d)) or hold outstanding options or other
rights to purchase, stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Corporation or any of its Corporate Affiliates. 
  
 C. Payment. Payment for Common Stock purchased under the Plan shall be effected by means of the
Participant’s authorized payroll deductions. Such deductions shall begin with the first pay day following the Participant’s commencement into the Offering Period and shall (unless sooner terminated by the Participant) continue through the
pay day ending with or immediately prior to the last day of the Offering Period. The amounts so collected shall be credited to the Participant’s book account under the Plan, but no interest shall be paid on the outstanding balance credited to
such account. The amounts collected from a Participant will not be held in any segregated account or trust fund and may be commingled with the general assets of the Corporation and used for general corporate purposes. 
  
 D. Termination of Purchase Right. The following
provisions shall govern the termination of outstanding purchase rights: 
  
 -           A Participant may, at any time prior to the last five (5) business days of the next Semi-Annual Purchase Date, terminate his/her outstanding purchase
right(s) under the Plan by filing the prescribed notification form with the Plan Administrator (or its designate). No further payroll deductions shall be collected from the Participant with respect to the terminated purchase right, and any payroll
deductions collected for the Semi-Annual Period of Participation in which such termination occurs shall, at the Participant’s election, be immediately refunded or held for the purchase of shares on the Semi-Annual Purchase Date immediately
following such termination. If no such election is made at the time such purchase right is terminated, then the payroll deductions collected with respect to the terminated right shall be refunded as soon as possible. 
  

 6 

 -           The termination of such purchase right
shall be irrevocable, and a Participant may not subsequently rejoin the Offering Period for which the terminated purchase right was granted. In order to resume participation in any subsequent Offering Period, such individual must re-enroll in the
Plan (by making a timely filing of a new stock purchase agreement and enrollment form) on or before the date he or she is first eligible to join the new Offering Period. 
  
 -           Should a Participant cease to remain an Eligible Employee
for any reason (including death, disability or change in status) while his/her purchase right(s) remains outstanding, then such purchase right(s) shall immediately terminate, and such individual (or the personal representative of the estate of a
deceased Participant) shall have the following election with respect to the payroll deductions made to date in the Semi-Annual Period of Participation in which such cessation of Eligible Employee status occurs: 
  

	 	1)	to withdraw all of those deductions, or 

  

	 	2)	to have such funds held for the purchase of shares at the end of the Semi-Annual Period of Participation. 

  
 If no such election is made within the thirty (30)-day period following such cessation of Eligible Employee status or (if
earlier) prior to the last day of the Semi-Annual Period of Participation, then the collected payroll deductions shall be refunded as soon as possible. In no event, however, may any payroll deductions be made on the Participant’s behalf
following his/her cessation of Eligible Employee status. If a Participant’s ceases Eligible Employee status more than three (3) months prior to the last day of the Semi-Annual Period of Participation and elects to have funds held for the
purchase of shares on such last date, then the Participant shall be required to satisfy all income and employment tax withholding requirements applicable to such purchase. 
  
 E. Stock Purchase. Shares of Common Stock shall automatically be purchased on behalf of each
Participant (other than Participants whose payroll deductions have previously been refunded in accordance with the Termination of Purchase Right provisions in Subsection D above) on each Semi-Annual Purchase Date. The purchase shall be effected by
applying each Participant’s payroll deductions for the Semi-Annual Period of Participation ending on such Semi-Annual Purchase Date (together with any carryover deductions from the preceding Semi-Annual Period of Participation) to the purchase
of whole shares of Common Stock (subject to the limitation on the maximum number of purchasable shares imposed under Subsection B of this Article VII) at the purchase price in effect for that Semi-Annual Purchase Date. Any payroll deductions not
applied to such purchase because they are not sufficient to purchase a whole share shall be held for the purchase of Common Stock on the next Semi-Annual Purchase Date. However, any payroll deductions not applied to the purchase of Common Stock by
reason of the limitation on the maximum number of shares purchasable by the Participant on the Semi-Annual Purchase Date shall be promptly refunded to the Participant. 
  
 F. Proration of Purchase Rights. Should the total number of shares of Common Stock which are to be
purchased pursuant to outstanding purchase rights on any 
  

 7 

 particular date exceed the number of shares then available for issuance under the Plan, the Plan Administrator shall make
a pro-rata allocation of the available shares on a uniform and nondiscriminatory basis, and the payroll deductions of each Participant, to the extent in excess of the aggregate purchase price payable for the Common Stock pro-rated to such
individual, shall be refunded to such Participant. 
  
 G.
Rights as Stockholder. A Participant shall have no stockholder rights with respect to the shares subject to his/her outstanding purchase right until the shares are actually purchased on the Participant’s behalf in accordance
with the applicable provisions of the Plan. No adjustments shall be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. 
  
 A Participant shall be entitled to receive, as soon as practicable after each Semi-Annual Purchase Date, a stock certificate
for the number of shares purchased on the Participant’s behalf. Such certificate may, upon the Participant’s request, be issued in the names of the Participant and his/her spouse as community property or as joint tenants with right of
survivorship. Alternatively, the Corporation may provide for the issuance of such certificate in “street name” for immediate deposit in a Corporation-designated brokerage account established by the Participant. 
  
 H. Assignability. No purchase right granted under the
Plan shall be assignable or transferable by the Participant other than by will or by the laws of descent and distribution following the Participant’s death, and during the Participant’s lifetime the purchase right shall be exercisable only
by the Participant. 
  
 I. Corporate
Transaction. Should any of the following transactions (a “Corporate Transaction”) occur during the Offering Period: 
  
 (i) a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the Corporation’s
outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior to such transaction, or 
  
 (ii) the sale, transfer or other disposition of all or substantially all of the assets of the Corporation in complete liquidation or dissolution of the
Corporation. 
  
 then each outstanding purchase right shall automatically be
exercised, immediately prior to the effective date of any Corporate Transaction, by applying the payroll deductions of each Participant for the Semi-Annual Period of Participation in which such Corporate Transaction occurs to the purchase of whole
shares of Common Stock at a purchase price per share equal to eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of Common Stock on the Participant’s commencement date into the offering period in which such Corporate
Transaction occurs or (ii) the Fair Market Value per share of Common Stock immediately prior to the effective date of such Corporate Transaction. However, the applicable limitation on the number of shares of Common Stock purchasable per Participant
shall continue to apply to any such purchase. 
  

 8 

 The Corporation shall use its best efforts to provide at least ten (10)-days prior written notice of the
occurrence of any Corporate Transaction, and Participants shall, following the receipt of such notice, have the right to terminate their outstanding purchase rights in accordance with the applicable provisions of this Article VII. 
  

	 	VIII.    ACCRUAL	LIMITATIONS 

  
 A. No Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under this Plan if and to the
extent such accrual, when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right outstanding under this Plan and (ii) similar rights accrued under other employee stock purchase plans (within the meaning of Code
Section 423) of the Corporation or its Corporate Affiliates, would otherwise permit such Participant to purchase more than Twenty-Five Thousand Dollars ($25,000) worth of stock of the Corporation or any Corporate Affiliate (determined on the basis
of the Fair Market Value of such stock on the date or dates such rights are granted) for each calendar year such rights are at any time outstanding. 
  
 B. For purposes of applying such accrual limitations, the right to acquire Common Stock pursuant to each purchase right outstanding under the Plan shall
accrue as follows: 
  
 -           The right to acquire Common Stock under each such purchase right shall accrue in a series of successive semi-annual installments as and when the purchase right first becomes
exercisable for each such installment on the last business day of each Semi-Annual Period of Participation for which the right remains outstanding. 
  
 -           No right to acquire Common Stock under any outstanding purchase right shall accrue to
the extent the Participant has already accrued in the same calendar year the right to acquire Common Stock under one (1) or more other purchase rights at a rate equal to Twenty-Five Thousand Dollars ($25,000) worth of Common Stock (determined on the
basis of the Fair Market Value on the date or dates of grant) for each calendar year during which one (1) or more of those purchase rights were at any time outstanding. 
  
 -           If by reason of such accrual limitations, any purchase
right of a Participant does not accrue for a particular Semi-Annual Period of Participation, then the payroll deductions which the Participant made during that Semi-Annual Period of Participation with respect to such purchase right shall be promptly
refunded. 
  
 C. In the event there is any conflict between the
provisions of this Article VIII and one (1) or more provisions of the Plan or any instrument issued thereunder, the provisions of this Article VIII shall be controlling. 
  

 9 

	 	IX.	AMENDMENT AND TERMINATION 

  
 A. The Board may alter, amend, suspend or discontinue the Plan following the close of any Semi-Annual Period of Participation. However, the Board may not,
without the approval of the Corporation’s stockholders: 
  
 -           materially increase the number of shares issuable under the Plan or the maximum number of shares purchasable per Participant on any one (1) Semi-Annual Purchase Date, except
that the Plan Administrator shall have the authority, exercisable without such stockholder approval, to effect adjustments to the extent necessary to reflect changes in the Corporation’s capital structure pursuant to Subsection B of Article VI;
or 
  
 -           alter the purchase price formula so as to reduce the purchase price payable for the shares purchasable under the Plan; or 
  
 -           materially increase the benefits accruing to Participants under the Plan or materially modify the requirements for eligibility to participate in the Plan. 
  
 B. The Corporation shall have the right, exercisable in the sole discretion
of the Plan Administrator, to terminate all outstanding purchase rights under the Plan immediately following the close of any Semi-Annual Period of Participation. Should the Corporation elect to exercise such right, then the Plan shall terminate in
its entirety. No further purchase rights shall thereafter be granted or exercised, and no further payroll deductions shall thereafter be collected, under the Plan. 
  

	 	X.	GENERAL PROVISIONS 

  
 A. The Plan was adopted by the Board on April 16, 1996 and approved by the stockholders on May 15, 1996. The Plan was subsequently amended and restated on
December 31, 1996 to increase the number of shares issuable thereunder by 200,000 shares and the amendment was approved by the stockholders on February 14, 1997 at the 1997 Annual Meeting. The Plan was subsequently amended and restated on October
29, 1997 to increase the number of shares issuable thereunder by 100,000 shares, and the amendment was approved by the stockholders on February 18, 1998 at the 1998 Annual Meeting. The Plan was subsequently amended and restated on October 27, 1998
to increase the number of shares issuable thereunder by 150,000 shares, and the amendment was approved by the stockholders at the 1999 Annual Meeting. The Plan was subsequently amended and restated on January 13, 2000 to increase the number of
shares issuable thereunder by 50,000 shares, and the amendment was approved by the stockholders at the 2000 Annual Meeting. The Plan was subsequently amended and restated on October 28, 2000 to increase the number of shares issuable thereunder by
800,000 shares, and the amendment was approved by the stockholders at the 2001 Annual Meeting. The Plan was subsequently amended and restated on December 13, 2001 to increase the number of shares issuable thereunder by 650,000 shares, and the
amendment was approved by the stockholders at the 2002 Annual Meeting. The Plan was subsequently amended and restated on December 6, 2002 to increase the number of shares issuable thereunder by 750,000 shares, and the amendment was approved by the
stockholders at the 2003 Annual Meeting. The Plan was subsequently 
  

 10 

 amended and restated on October 16, 2003 to increase the number of shares issuable thereunder by 500,000 shares, and the
amendment was approved by the stockholders at the 2004 Annual Meeting. No Purchase Rights shall be exercised and no shares of Common Stock shall be issued hereunder on the basis of the 500,000 share increase until the Corporation shall have complied
with all applicable requirements of the 1933 Act (including the registration of the shares of Common Stock on a Form S-8 registration filed with the Securities and Exchange Commission), all applicable listing requirements of any stock exchange (or
the Nasdaq National Market, if applicable) on which the Common Stock is listed for trading and all other applicable requirements established by law or regulation. 
  
 B. The Plan shall terminate upon the earlier of (i) the last business day in July 2006 or (ii) the date on which all shares
available for issuance under the Plan shall have been sold pursuant to purchase rights exercised under the Plan. 
  
 C. All costs and expenses incurred in the administration of the Plan shall be paid by the Corporation. 
  
 D. Neither the action of the Corporation in establishing the Plan, nor any
action taken under the Plan by the Board or the Plan Administrator, nor any provision of the Plan itself shall be construed so as to grant any person the right to remain in the employ of the Corporation or any of its Corporate Affiliates for any
period of specific duration, and such person’s employment may be terminated at any time, with or without cause. 
  
 E. The provisions of the Plan shall be governed by the laws of the State of California without resort to that State’s conflict-of-laws rules.

  

 11 

 Schedule A 
  
 Corporations Participating in 
 Employee Stock Purchase Plan 
 As of the Effective Time 
  
 Netopia, Inc.EXHIBIT 4.3

 Exhibit 4.3 
  

SAVVIS COMMUNICATIONS CORPORATION 
  
 CERTIFICATE OF DESIGNATIONS 
  
 FOR 
  
 SERIES B CONVERTIBLE PREFERRED STOCK 
  
 SAVVIS COMMUNICATIONS CORPORATION, a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Issuer”), does hereby certify that (i) pursuant to authority
conferred upon the Board of Directors of the Issuer by its Certificate of Incorporation, as amended to date, and pursuant to the provisions of Section 151 of the General Corporation Law of the State of Delaware, the Board of Directors authorized the
creation and issuance of the Issuer’s Series B Convertible Preferred Stock (referred to herein as the “Preferred Stock”), and (ii) the following resolution, which was duly adopted by the Board of Directors on February 4, 2004,
remains in full force and effect. Certain capitalized terms used herein are defined in Section 7. 
  
 RESOLVED, that pursuant to the authority expressly granted to and vested in the Board of Directors of the Issuer by the provisions of the
Certificate of Incorporation, as amended from time to time (the “Certificate of Incorporation”), and pursuant to Section 151(g) of the General Corporation Law of the State of Delaware, there be created from the 50,000,000 shares of
preferred stock, $0.01 par value, of the Issuer authorized to be issued pursuant to the Certificate of Incorporation, a series of preferred stock, having the number of shares and, to the extent that the designations, powers, preferences and relative
and other special rights and the qualifications, limitations and restrictions of such Preferred Stock are not stated and expressed in the Certificate of Incorporation, the powers, preferences and relative and other special rights and the
qualifications, limitations and restrictions, as follows: 
  

	1.	Designation and Number of Shares. 

  
 The series will be designated as the “Series B Convertible Preferred Stock” and the number of shares constituting such series will be eleven
million (11,000,000) shares. 
  

	2.	Dividends. 

  
 The Holders of Preferred Stock shall not be entitled to dividends. 
  

	3.	Ranking. 

  
 3.1 The Preferred Stock will, with respect to distributions upon a Liquidation Event, rank: (a) senior to all classes of Junior Securities; (b) on a
parity with Parity Securities; and (c) junior to each class of Senior Securities. 
  
 3.2 The Issuer is entitled to amend its Certificate of Incorporation to authorize one or more additional series of preferred stock, file certificates of designation, and issue without restriction from time to time,
any series of Junior Securities, Parity Securities or Senior Securities. 

	4.	Liquidation Preference. 

  
 (a) Upon any Liquidation Event, Holders of the Preferred Stock will be entitled to be paid, out of assets of the Issuer available for distribution, the
Liquidation Preference per share as of the date of the Liquidation Event, before any distribution is made on any Junior Securities, including, without limitation, the Common Stock. Payments required to be made pursuant to this Section 4(a) shall be
made in cash. 
  
 (b) If, upon any Liquidation Event, the amounts
payable with respect to the Liquidation Preference and the liquidation preference of all other Parity Securities are not paid in full, the Holders of the Preferred Stock and the Parity Securities will share pro rata in proportion to the full
distribution to which each is entitled. After the payment of the full Liquidation Preference, such Holders shall not be entitled to any additional distribution of assets of the Issuer. 
  

	5.	Conversion. 

  
 5.1 Conversion Rights. 
  
 (a) Each share of Preferred Stock shall automatically convert on the Effective Date into ten (10) shares of Common Stock. Not later than three (3)
Business Days after the Effective Date, the Issuer shall give each Holder of shares of Preferred Stock writer notice that the Effective Date has occurred. 
  
 (b) Immediately prior to the close of business on any Effective Date, each Holder of Preferred Stock whose shares of Preferred Stock have been converted
in whole or in part pursuant to this Section 5.1 shall be deemed to be the Holder of record of Common Stock issuable upon such conversion of such Holder’s Preferred Stock notwithstanding that the share register of the Issuer shall then be
closed or that certificates representing such Common Stock shall not then be actually delivered to such Person. 
  
 (c) On the Effective Date, all rights with respect to the shares of Preferred Stock so converted (other than the right to receive the notice referred to
in 5.1(a) above) will terminate, except the rights of Holders thereof to: (i) receive certificates for the number of shares of Common Stock into which such shares of Preferred Stock have been converted upon surrender of certificates representing
such shares of Preferred Stock; and (ii) exercise the rights to which they are entitled as Holders of Common Stock. 
  
 (d) If the Effective Date shall not be a Business Day, then the applicable conversion right shall be deemed exercised on the next Business Day.

  
 5.2 From and after the Effective Date, the Issuer shall at all
times reserve and keep available for issuance upon the conversion of the Preferred Stock such number of its authorized but unissued shares of Common Stock as will from time to time be sufficient to permit the conversion of all outstanding shares of
Preferred Stock, and shall take all action required to increase the authorized number of shares of Common Stock if at any time there shall be insufficient authorized unissued shares of Common Stock to permit such reservation or to permit the
conversion of all outstanding shares of Preferred Stock. 
  

 2 

 5.3 The issuance or delivery of certificates for Common Stock upon the conversion of shares of Preferred
Stock shall be made without charge to the converting Holder of shares of Preferred Stock for such certificates or for any tax in respect of the issuance or delivery of such certificates or the securities represented thereby, and such certificates
shall be issued or delivered in the respective names of, or in such names as may be directed by, the Holders of the shares of Preferred Stock converted; provided, however, that the Issuer shall not be required to pay any tax which may be payable in
respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the Holder of the shares of Preferred Stock converted, and the Issuer shall not be required to issue or deliver such certificate
unless or until the Person or Persons requesting the issuance or delivery thereof shall have paid to the Issuer the amount of such tax or shall have established to the reasonable satisfaction of the Issuer that such tax has been paid. 
  

	6.	Amendment, Supplement and Waiver. 

  
 (a) Without the consent of any Holder of the Preferred Stock, subject to the requirements of the General Corporation Law of the State of Delaware, the
Issuer may amend or supplement this Certificate of Designation to cure any ambiguity, defect or inconsistency. 
  
 (b) This Certificate of Designation may be amended by the Issuer with the consent of the Holders of at least 66 2/3% of the outstanding shares of Preferred Stock. 
  

	7.	Certain Definitions. 

  
 Set forth below are certain defined terms used in this Certificate of Designation. 
  
 “Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the
City of New York or other place where payment is to be received are authorized by law, regulation or executive order to remain closed. 
  
 “Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock
or partnership or membership interests, whether common or preferred. 
  
 “Common Stock” means the Issuer’s authorized $.01 par value Common Stock. 
  
 “Effective Date” means the date which is the later of (i) the date of receipt of Shareholder Approval (as such term are defined in the
Amended and Restated Securities Purchase Agreement, dated as of February 6,2004, by and among WCAS VIII, L.P. and the several other entities and individuals affiliated with therewith, Constellation Venture Capital II, L.P., Constellation Venture
Capital Offshore II, L.P., The BSC Employee Fund IV, L.P., CVC II Partners, L.L.C., and the other entities that become a party thereto pursuant to the terms thereof (the “Securities Purchase Agreement”)) and (ii) the date of HSR
Approval (as such term is defined in the Securities Purchase Agreement). 
  
 “Holder” means a Person in whose name shares of Capital Stock are registered. 
  
 “Issuer” means SAVVIS Communications Corporation, a Delaware corporation. 
  
 “Junior Securities” means Common Stock and each other class of Capital Stock or series of preferred stock
issued by the Issuer, which is established after the date of this Certificate of Designation by the Board of Directors of the Issuer, the terms of which do not expressly provide that such class or series will rank senior to or on a parity with the
Preferred Stock as to dividend distributions and distributions upon a Liquidation Event. 
  

 3 

 “Liquidation Event” means any voluntary or involuntary liquidation, dissolution or
winding up of the Issuer. 
  
 “Liquidation
Preference” means the par value per share of the Preferred Stock. 
  
 “Parity Securities” means each class of Capital Stock or series of preferred stock issued by the Issuer, which is established after the date of this Certificate of Designation by the Board of
Directors of the Issuer, the terms of which expressly provide that such class or series will rank on a parity with the Preferred Stock as to dividend distributions and distributions upon a Liquidation Event. 
  
 “Person” means any individual, corporation, partnership,
limited liability company, joint venture, association, joint-stock issuer, interest, trust or unincorporated organization (including any subdivision or ongoing business of any such entity or substantially all of the assets of any such entity,
subdivision or business). 
  
 “Preferred Stock”
means the Preferred Stock authorized in this Certificate of Designation. 
  
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder. 
  
 “Senior Securities” means Capital Stock or series of preferred stock issued by the Issuer, which is established after the date of this
Certificate of Designation by the Board of Directors of the Issuer, the terms of which expressly provide that such class or series will rank senior to the Preferred Stock as to dividend distributions and distributions upon a Liquidation Event.

  

	8.	Transfer Agent. 

  
 The Issuer shall be the duly appointed transfer agent for the Preferred Stock (the “Transfer Agent”). 
  

	9.	Notices. 

  
 Any notices given pursuant to this Certificate of Designation shall be by (i) first class mail, postage prepaid or (ii) by a nationally recognized
overnight courier, and sent to the address of the Holders as shown on the books of the Transfer Agent. Any notice required by the provisions of this Certificate of Designation shall be in writing and shall be deemed effectively given (i) five (5)
days after having been sent by registered or certified mail, return receipt requested, postage prepaid or (ii) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of
receipt. 
  

	10.	Other Provisions. 

  
 10.1 With respect to any notice to a Holder of shares of the Preferred Stock required to be provided hereunder, neither failure to mail such notice, nor
any defect therein or in the mailing thereof, to any particular Holder shall affect the sufficiency of the notice or the validity 
  

 4 

 of the proceedings referred to in such notice with respect to the other Holders or affect the legality or validity of any
distribution, right, warrant, reclassification, consolidation, merger, conveyance, transfer, dissolution, liquidation or winding up, or the vote upon any such action. Any notice which was mailed in the manner herein provided shall be conclusively
presumed to have been duly given whether or not the Holder receives the notice. 
  
 10.2 Shares of Preferred Stock issued and reacquired will be retired and canceled promptly after reacquisition thereof and, upon compliance with the applicable requirements of Delaware law, have the status of
authorized but unissued shares of preferred stock of the Issuer undesignated as to series and may with any and all other authorized but unissued shares of preferred stock of the Issuer be designated or redesignated and issued or reissued, as the
case may be, as part of any series of preferred stock of the Issuer except that any issuance or reissuance of shares of Preferred Stock must be in compliance with this Certificate of Designation. 
  
 10.3 In the Issuer’s discretion, no fractional shares of Common Stock or
securities representing fractional shares of Common Stock will be issued upon conversion, redemption, or as dividends payable in the Preferred Stock. Any fractional interest in a share of Common Stock resulting from conversion, redemption, or
dividend payment will be paid in cash based on the last reported sale price of the Common Stock on the Nasdaq SmallCap Market (or any national securities exchange or authorized quotation system on which the Common Stock is then listed) at the close
of business on the trading day next preceding the date of conversion or such later time as the Issuer is legally and contractually able to pay for such fractional shares. 
  
 10.4 The shares of Preferred Stock shall be issuable in whole shares. 
  
 10.5 All notice periods referred to herein shall commence on the date of the
mailing of the applicable notice. 
  

 5 

 IN WITNESS WHEREOF, SAVVIS Communications Corporation caused this Certificate of Designations to be
signed this 6th day of February, 2004. 
  

					
	 	  	 SAVVIS COMMUNICATIONS CORPORATION,
     a Delaware corporation

			
	 	  	 By:
	  	 /s/ Grier C. Raclin

	 	  	 	  	 Name: Grier C. Raclin

	 	  	 	  	 Title:   Chief Legal Officer and Corporate Secretary

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]