Document:

Exhibit 4.4

 

EXHIBIT 4.4

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED,
OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS
NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.

WARRANT TO PURCHASE COMMON STOCK

OF

WEBSIDESTORY, INC.

VOID AFTER SEPTEMBER 5, 2010

This warrant is issued to StarSoft Development Labs, Inc. (“Holder”) by WebSideStory, Inc., a
Delaware corporation (the “Company”), on November 21, 2005. This warrant is issued in connection
with the master services agreement between the Company and Holder dated September 5, 2005.

	1.	 	Purchase of Shares. Subject to the terms and conditions in this warrant and compliance with
applicable laws, the Holder is entitled, upon surrender of this warrant at the principal
office of the Company (or at such other place as the Company shall notify the Holder in
writing), to purchase from the Company 10,000 shares of common stock of the Company (the
“Shares”) at a price per share of $17.84 (the “Exercise Price”).

	2.	 	Exercise Period. This warrant will be exercisable, in whole or in part during the term
commencing on September 5, 2007 (the “Warrant Exercisable Date”) and ending at 5:00 p.m. on
September 5, 2010. However, if either of the following events occurs after the Warrant
Exercisable Date, then this warrant will no longer be exercisable and will become null and
void: (i) the closing of the sale or transfer of all or substantially all of the assets of
the Company; or (ii) the closing of the acquisition of the Company by means of merger,
consolidation, or other transaction or series of related transactions, resulting in the
exchange of the outstanding shares of the Company’s capital stock such that the stockholders
of the Company prior to such transaction own, directly or indirectly, less than 50% of the
voting power of the surviving entity.

	3.	 	Method of Exercise. While this warrant remains outstanding and exercisable, the Holder may
exercise, in whole or in part, the purchase rights by:

	 	3.1.	 	the surrender of this warrant, together with a duly executed copy of the form of
notice of exercise attached to this warrant, to the secretary of the Company at its
principal offices; and

 

 

	 	3.2.	 	the payment to the Company of an amount equal to the aggregate Exercise Price for the
number of Shares being purchased.

	4.	 	Conversion Right. In lieu of exercising this warrant as specified in section 3, Holder may
at any time when this warrant is exercisable convert this warrant, in whole or in part, into a
number of Shares determined by dividing (a) the aggregate fair market value of the Shares
otherwise issuable upon exercise of this warrant minus the aggregate Exercise Price of such
Shares by (b) the fair market value of one share. The fair market value of the Shares will be
the closing price of the Shares reported for the business day immediately before Holder
delivers its Notice of Exercise to the Company.

	5.	 	Adjustments to the Shares. If the Company declares or pays a dividend on its common stock
payable in common stock or other securities, or subdivides the outstanding common stock into a
greater amount of common stock, then upon exercise of this warrant, for each Share acquired,
Holder will receive, without cost to Holder, the total number and kind of securities to which
Holder would have been entitled had Holder owned the Shares of record as of the date the
dividend or subdivision occurred. Upon any reclassification, exchange, substitution,
combination, or other event that results in a change of the number or class of the securities
issuable upon exercise or conversion of this warrant, Holder will be entitled to receive, upon
exercise or conversion of this warrant, the number and kind of securities and property that
Holder would have received for the Shares if this warrant had been exercised immediately
before such reclassification, exchange, substitution, or other event. If the outstanding
Shares are combined or consolidated, by reclassification or
otherwise, into a lesser number of shares, the Exercise Price will be proportionately increased, and the number of Shares to
which Holder is entitled to receive upon exercise or conversion of this warrant will be
adjusted accordingly.

	6.	 	Certificates for Shares. Upon the exercise of the purchase or conversion rights evinced by
this warrant, the Company will issue one or more certificates for the number of Shares so
purchased with appropriate restrictive legends.

	7.	 	Issuance of Shares. The Company covenants that the Shares, when issued pursuant to the
exercise of this warrant, will be duly and validly issued, fully paid and nonassessable and
free from all taxes, liens, and charges with respect to the issuance thereof other than those
created by or imposed upon Holder through no action by the Company.

	8.	 	No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares
shall be issued upon the exercise or conversion of this warrant, but in lieu of such
fractional shares, the Company shall make a cash payment on the basis of the Exercise Price
then in effect.

	9.	 	No Stockholder Rights. Prior to exercise or conversion of this warrant, the Holder shall not
be entitled to any rights of a stockholder with respect to the Shares, including (without
limitation) the right to vote such Shares, receive dividends or other distributions thereon,
exercise preemptive rights or to be notified of stockholder meetings, and the Holder shall not
be entitled to any notice or other communication concerning the business or affairs of the
Company.

 

 

	10.	 	No Transfer of Warrant. Holder may not transfer this warrant or any rights under this
warrant in whole or in part to any person or entity.

	11.	 	Successors and Assigns. The terms and provisions of this warrant will inure to the benefit
of, and be binding upon, the Company and the Holder and their permitted successors and
assigns.

	12.	 	Amendments and Waivers. Any term of this warrant may be amended and the observance of any
term of this warrant may be waived (either generally or in a particular instance and either
retroactively or prospectively), with the written consent of the Company and the Holder.

	13.	 	Notices. All notices required under this warrant will be deemed to have been given or made
for all purposes (i) upon personal delivery, (ii) upon confirmation of receipt that the
communication was successfully sent to the applicable number if sent by facsimile; (iii) one
day after being sent, when sent by professional overnight courier service, or (iv) five days
after posting when sent by registered or certified mail. Notices to the Company shall be sent
to the principal office of the Company (or at such other place as the Company shall notify the
Holder in writing). Notices to the Holder shall be sent to the address of the Holder on the
books of the Company (or at such other place as the Holder shall notify the Company in
writing).

	14.	 	Governing Law. This warrant shall be governed by the laws of the State of California as
applied to agreements among California residents made and to be performed entirely within the
State of California.

     WEBSIDESTORY, INC.

	 	 	 
	      /s/ JEFFREY W. LUNSFORD
	 	 
	 

Jeffrey W. Lunsford, Chief Executive Officer

	 	 

 

 

NOTICE OF EXERCISE

To: WebSideStory, Inc.

The undersigned elects to (check applicable subsection):

___1 Purchase                                         shares of Common Stock of WebSideStory, Inc. pursuant to the terms of
the attached warrant and tenders with this notice payment in full of the purchase price of such
shares;

OR

___2 Exercise the attached warrant for all of the shares purchasable under the warrant pursuant to
the conversion provisions of Section 4 of the warrant.

The undersigned represents and warrants that the undersigned is acquiring such shares for its own
account for investment purposes only, and not for resale or with a view to distribution of such
shares or any part thereof.

	 	 	 	 	 
	WARRANTHOLDER:	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 
	 	 	 	 
	 
 	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 	 	 
	Address:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name in which shares should be registered:Exhibit 10.8

 

EXHIBIT 10.8

November 21, 2005

Andrew Greenhalgh

[INTENTIONALLY OMITTED]

[INTENTIONALLY OMITTED]

Dear Dru:

WebSideStory is pleased to offer you the position of Vice President/General Counsel reporting to
Jeff Lunsford, President and CEO. Our offer is based on the following terms and conditions:

	 	•	 	A start date of December 19, 2005.
	 
	 	•	 	A bi-weekly salary in the amount of $7,692.30 ($200,000 on an annual basis.)
	 
	 	•	 	Eligibility for a $50,000 annual bonus in 2006. Details of the 2006 bonus plan will be
provided in January of 2006.
	 
	 	•	 	Nonqualifying stock options (NSOs) to purchase 40,000 shares of the Company’s common
stock, vesting over 4 years with the first 25% not vesting until your first anniversary
with the Company. These options will be subject to the terms and conditions of the
Company’s 2004 Equity Incentive Plan.
	 
	 	•	 	A change-in-control agreement substantially in the form of exhibit A.

You are also eligible to participate in WebSideStory’s benefit plans including medical, dental,
life, and disability insurance. You will receive two weeks of accrued vacation for the first two
years of employment, accelerating to three weeks of vacation accrual the third year of employment.
Additionally, WebSideStory offers an on-site fitness center, tuition reimbursement, 401(k) plan,
credit union, and other attractive benefits. Further information about the Company’s benefits will
be provided to you on your first day.

Due to the enactment of the Immigration Reform and Control Act of 1986, this offer is contingent on
your ability to produce acceptable documentation verifying your eligibility to work in the United
States. You will be required to present the necessary documents on the day you begin work at
WebSideStory.

Additionally, a condition of this offer and of your employment with WebSideStory is the maintenance
of the confidentiality of WebSideStory’s proprietary and confidential information and compliance
with the Company’s policies and procedures as set forth in its Employee Handbook. Accordingly, you
will be required to execute the Company’s Employee Confidentiality and Inventions Agreement and the
Employee Handbook on your first day of employment.

If you wish to accept our offer of employment, please sign and return the enclosed copy of this
letter in the enclosed envelope to me (or, confidential fax: 858-546-0697.) Your signature below
will indicate your understanding that no other promises or representations have been

WebSideStory, Inc. 10182 Telesis Court, San Diego, CA 92121 | [P] 858.546.0040 | [F] 858.546.0480

 

 

made to you and that you understand that you will be an at-will employee. Either party may end the
relationship at any time. This offer is not a contract of employment, and the terms of employment
are subject to change.

We are excited to have you join WebSideStory and know that it will be a mutually rewarding working
relationship.

Very truly yours,

	 	 	 
	      /s/ SHERYL ROLAND
	 	 
	 

	 	 
	 
	 	 
	Sheryl Roland
	 	 
	Vice President, Human Resources
	 	 

Acceptance

I have read, understand, and accept the foregoing terms and conditions of my offer of employment.
I further understand that while my job duties, title, compensation and benefits may change over
time without a written modification of this agreement, the “at-will” term of my employment (i.e.,
my right and WebSideStory’s right to terminate our employment relationship at any time, with or
without cause) is a term of employment which cannot be altered or modified except in writing signed
by me and the President/CEO of WebSideStory. I understand and agree that any contrary
representation or agreements, which may have been made to me, are superseded by this offer and my
acceptance of the same.

     Approved and accepted:

	 	 	 
	           /s/ ANDREW GREENHALGH
	 	 
	 

Andrew Greenhalgh

	 	 

WebSideStory, Inc. 10182 Telesis Court, San Diego, CA 92121 | [P] 858.546.0040 | [F] 858.546.0480

 

 

EXHIBIT A

CHANGE IN CONTROL AGREEMENT

[INTENTIONALLY OMITTED]

WebSideStory, Inc. 10182 Telesis Court, San Diego, CA 92121 | [P] 858.546.0040 | [F] 858.546.0480

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