Document:

Escrow Agent Agreement, dated April 28, 2004

 Exhibit 10.2 
  
 
THE ESCROW AGENT AGREEMENT 
  
 28
APRIL 2004 
  
 TELEWEST COMMUNICATIONS PLC 

 
 TELEWEST FINANCE (JERSEY) LIMITED 
  
 TELEWEST UK LIMITED 
  
 TELEWEST GLOBAL, INC. 
  
 THE BANK OF NEW YORK 
  

  
 ESCROW AGENT 
  
 AGREEMENT 
  

  

 1 

 THIS AGREEMENT is made by way of deed on 28 April 2004 
  
 BETWEEN: 
  

	 	(1)	TELEWEST COMMUNICATIONS PLC, a public limited company incorporated in England and Wales with registered number 2983307 (Telewest); 

  

	 	(2)	TELEWEST FINANCE (JERSEY) LIMITED, a limited liability company incorporated under the Jersey Companies Law with registered number 77278 (Telewest Jersey);

  

	 	(3)	TELEWEST UK LIMITED, a private limited company incorporated in England and Wales with registered number 495679 (Telewest UK);

  

	 	(4)	TELEWEST GLOBAL, INC., a Delaware corporation (New Telewest); and 

  

	 	(5)	THE BANK OF NEW YORK, a New York banking corporation acting through its New York branch (Escrow Agent). 

  
 WHEREAS: 
  

	 	A.	Telewest proposes to enter into a creditors’ scheme of arrangement (the Telewest Scheme) under section 425 of the Companies Act 1985 (the Act) with
its Scheme Creditors (as defined in the Telewest Scheme). 

  

	 	B.	Telewest Jersey proposes to enter into separate creditors’ schemes of arrangement (the Jersey Scheme) (on identical terms) under both section 425 of the Act and
article 125 of the Companies (Jersey) Law 1991 (the Jersey Act) with its Jersey Scheme Creditors (as defined in the Jersey Scheme). 

  

	 	C.	The Telewest Scheme and the Jersey Scheme are set out in Schedules 1 and 2 to the explanatory statement relating to the Schemes prepared in accordance with section 426 of the Act
and article 126 of the Jersey Act dated 30 April 2004. 

  

	 	D.	The Telewest Scheme and the Jersey Scheme provide for the appointment of the Escrow Agent who will be responsible for, amongst other things, holding the New Shares (as defined in
the respective Schemes) in custody for, and distributing the Share Entitlements to, the Scheme Creditors and the relevant number of New Shares to Shareholders in accordance with the terms of the Schemes and this Agreement. 

 

	 	E.	In the event that Telewest and/or Telewest Jersey enter into liquidation, Telewest’s and/or Telewest Jersey’s obligations under the Telewest Scheme and the Jersey Scheme
will continue to be performed by Telewest and/or Telewest Jersey in liquidation. However, to the extent that the liquidators of Telewest and/or Telewest Jersey wish to close either liquidation whilst the obligations of Telewest and/or Telewest
Jersey under the Telewest Scheme and the Jersey Scheme remain to be performed, Telewest UK has agreed to undertake to perform such obligations in the place of Telewest and/or Telewest Jersey provided always that such obligations do not involve the
exercise of discretion on behalf of Telewest UK and, as such, are wholly of a mechanical nature, or, to the extent that such obligations would involve the exercise of discretion on behalf of Telewest UK, that the liquidators of Telewest and/or
Telewest Jersey set out detailed and comprehensive instructions to Telewest UK as to how that discretion should be exercised. In no event, however, shall Telewest UK be obliged to perform any such obligation to the extent that it would, or may be
likely to, prevent qualification of the Financial Restructuring as a tax-free reorganisation for US federal income tax purposes. 

  

	 	F.	The Escrow Agent will undertake to the High Court and the Jersey Court to act in accordance with the terms of this Agreement. 

  

	 	G.	This Agreement is entered into as contemplated by the terms of the Schemes. 

  

	 	H.	It is the intention of the parties that this Agreement be executed as a deed. 

  

IT IS AGREED AND THIS DEED
WITNESSES as follows: 
  

	 	
1.	INTERPRETATION 

  

	 	1.1	Capitalised terms used in this Agreement shall have the meanings given to them in each Scheme unless otherwise expressly provided in this Agreement. 

  

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	 	1.2	In this Agreement: 

  
 Agreed Scheme Claim means an Agreed Scheme Claim (as defined in the Telewest Scheme) and/or a Jersey Agr\eed Scheme Claim (as defined in the
Jersey Scheme); 
  
 Agreed Scheme Creditor means an
Agreed Scheme Creditor (as defined in the Telewest Scheme) and/or a Jersey Agreed Scheme Creditor (as defined in the Jersey Scheme); 
  
 Ancillary Claim means an Ancillary Claim (as defined in the Telewest Scheme) and/or a Jersey Ancillary Claim (as defined in the Jersey
Scheme); 
  
 Bondholder means a Bondholder (as
defined in the Telewest Scheme) and/or a Jersey Bondholder (as defined in the Jersey Scheme); 
  
 Disputed Scheme Claim means a Disputed Scheme Claim (as defined in the Telewest Scheme) and/or a Jersey Disputed Scheme Claim (as defined in the Jersey Scheme); 
  
 Distribution Notice means a notice served by Telewest or
Telewest Jersey directing the Escrow Agent to transfer New Shares or cash (as appropriate) comprised in an Agreed Scheme Creditor’s Share Entitlement to a Scheme Creditor or its Nominated Recipient or, in respect of a Scheme Claim of a
Bondholder, to its Participant via DTC; 
  
 DWAC Instruction
means a deposit or withdrawal at custodian instruction given through the DTC; 
  
 Effective Date means the Effective Date (as defined in the Telewest Scheme) and/or the Jersey Effective Date (as defined in the Jersey Scheme); 
  
 Escrow Account means the Telewest Escrow Account and/or the
Jersey Escrow Account, as the context requires and Escrow Accounts means both of them; 
  
 Force Majeure means, in relation to any party, any circumstances beyond the reasonable control of that party (including, without limitation,
any strike, lock-out or other form of industrial action); 
  
 Forms of Proxy means the forms of proxy for use at the Meetings; 
  
 Jersey Escrow Account means the account to be established with The Bank of New York to hold New Shares (in physical form or in a DTC account) and cash into which the Escrow Agent will transfer all and
any New Shares to which Telewest Jersey becomes entitled from time to time under the terms of the Telewest Scheme; 
  
 Jersey Final Distribution means the Final Distribution (as defined in the Jersey Scheme); 
  
 Jersey Final Distribution Date means the date of the Jersey
Final Distribution; 
  
 Known Scheme Claims means
Known Scheme Claims (as defined in the Telewest Scheme) and Jersey Known Scheme Claims (as defined in the Jersey Scheme); 
  
 Known Scheme Creditors means Known Scheme Creditors (as defined in the Telewest Scheme) and/or Jersey Known Scheme Creditors (as defined in
the Jersey Scheme); 
  
 Notes means the Notes (as
defined in the Telewest Scheme) and/or the Jersey Notes (as defined in the Jersey Scheme); 
  
 Notified Ancillary Scheme Claim means a Notified Ancillary Scheme Claim (as defined in the Telewest Scheme) and/or a Jersey Notified Ancillary Scheme Claim (as defined in the Jersey Scheme); 

 

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 Notified Scheme Claim means a Notified Scheme Claim (as defined in the Telewest Scheme)
and/or a Jersey Notified Scheme Claim (as defined in the Jersey Scheme); 
  
 Notified Scheme Creditor means a Notified Scheme Creditor (as defined in the Telewest Scheme) and/or a Jersey Notified Scheme Creditor (as defined in the Jersey Scheme); 
  
 Schemes means the Telewest Scheme and/or the Jersey Scheme;

  
 Scheme Claim means a Scheme Claim (as defined in
the Telewest Scheme) and/or a Jersey Scheme Claim (as defined in the Jersey Scheme); 
  
 Scheme Creditor means a Scheme Creditor (as defined in the Telewest Scheme) and/or a Jersey Scheme Creditor (as defined in the Jersey Scheme) and Scheme Creditors means any one or all of
them, as the context requires; 
  
 Shareholder Distribution
Notice means the notice as described in clause 6.1; 
  
 Telewest Bondholders means Bondholders (as defined in the Telewest Scheme); 
  
 Telewest Escrow Account means the account to be established with The Bank of New York to hold New Shares (in physical form or in a DTC
account) and cash; 
  
 Telewest Final
Distribution means the Final Distribution (as defined in the Telewest Scheme); 
  
 Telewest Final Distribution Date means the date of the Telewest Final Distribution; 
  
 Transfer Agent means The Bank of New York in its capacity as transfer agent for the shareholders of New Telewest; 
  
 Unresolved Claims means Unresolved Claims (as defined in the
Telewest Scheme) and/or Jersey Unresolved Claims (as defined in the Jersey Scheme); and 
  
 Website means the website to be established by Innisfree M&A Incorporated at www.innisfree-telewest-registration.com for Participants to submit information provided by Bondholders on their
Forms of Proxy. 
  

	 	1.3	In this Agreement: 

  

	 	(a)	references to a person include an individual, firm, partnership, company, corporation, unincorporated body of persons and any state or state agency; 

  

	 	(b)	references to a natural person include his estate and personal representatives; 

  

	 	(c)	references to a party to this Agreement include references to the successors or assigns (immediate or otherwise) of that party; and 

  

	 	(d)	references to the singular include the plural and vice versa and words importing one gender shall include all genders. 

  

	 	1.4	Sub-clauses 1.1 to 1.3 above apply unless the contrary intention appears. 

  

	 	1.5	The headings in this Agreement do not affect its interpretation. 

  

	 	
2.	COMMENCEMENT 

  

	 	2.1	For the avoidance of doubt, the obligations of the parties pursuant to this Agreement shall have effect from the date of execution of this Agreement. 

  

	 	2.2	Telewest and Telewest Jersey shall notify promptly the Escrow Agent upon the occurrence of the Effective Date and the Jersey Effective Date respectively. 

 

	 	
3.	AGREEMENT TO ACT 

  

	 	3.1	The Escrow Agent hereby appointed by each of Telewest and Telewest Jersey agrees to act as custodian of, and to hold in escrow, the New Shares as at the Effective Date (or as soon
as practicable thereafter) and to distribute New Shares to Shareholders and Share Entitlements to Scheme Creditors in accordance with the terms of each Scheme and this Agreement. 

  

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	 	3.2	The Escrow Agent covenants with each of the other parties to this Agreement to appear by counsel at the hearings to sanction the Telewest Scheme and the Jersey Scheme to provide an
undertaking in the form set out in Schedule 1 to this Agreement (selecting the appropriate bracketed section for the relevant company and court) to the relevant courts. 

  

	 	
4.	ESTABLISHMENT OF ESCROW ACCOUNTS 

  

	 	4.1	As soon as reasonably practicable after the date of this Agreement and in any event before the Effective Date, the Escrow Agent undertakes to Telewest and Telewest Jersey that it
shall establish the Escrow Accounts. The Escrow Agent shall provide to Telewest and Telewest Jersey prompt written confirmation of the establishment of the Escrow Accounts. 

  

	 	4.2	On the Effective Date, or as soon as practicable thereafter, upon notification from Telewest that the Effective Date has occurred, New Telewest will issue and transfer, via the
Transfer Agent, all the New Shares into the Telewest Escrow Account. 

  

	 	4.3	New Shares and any cash applicable to Shareholders or Notified Scheme Creditors will be held by the Escrow Agent in the relevant Escrow Account as bare trustee for the relevant
Shareholders or Notified Scheme Creditors (to the extent that their Notified Scheme Claims become Agreed Scheme Claims). The Escrow Agent shall at no time whatsoever have any beneficial interest in the New Shares or any cash held by it pursuant to
the Schemes. 

  

	 	4.4	Any dividends paid on any New Shares applicable to Shareholders or Notified Scheme Creditors held by the Escrow Agent in the Escrow Accounts, or any other payment whatsoever made in
respect of the New Shares held in the Escrow Accounts by the Escrow Agent, shall be paid to and received by the Escrow Agent as follows: 

  

	 	(a)	in the case of New Shares relating to Agreed Scheme Claims, to be held on bare trust absolutely for the relevant Agreed Scheme Creditor and the Escrow Agent shall pay such amounts
to that Agreed Scheme Creditor or to that Agreed Scheme Creditor’s Designated DTC Account and/or that Agreed Scheme Creditor’s Nominated Recipient (as appropriate), together with any interest which may have accrued thereon, at the time any
distribution of New Shares, or the Net Proceeds of Sale thereof, is made to the relevant Agreed Scheme Creditor; 

  

	 	(b)	in the case of New Shares relating to Notified Scheme Claims that do not, at the time such dividend is paid or other payment is made, constitute Agreed Scheme Claims, to be held on
bare trust absolutely for the relevant Notified Scheme Creditor until the receipt of a valid Distribution Notice. On receipt of a valid Distribution Notice, the Escrow Agent shall pay such amounts to the relevant Notified Scheme Creditor or that
Notified Scheme Creditor’s Designated DTC Account and/or that Notified Scheme Creditor’s Nominated Recipient (as appropriate), together with any interest which may have accrued thereon, at the time any distribution of New Shares, or the
Net Proceeds of Sale thereof, is made to the relevant Notified Scheme Creditor; and 

  

	 	(c)	in the case of New Shares relating to Shareholders, to be held on bare trust absolutely for the relevant Shareholder and the Escrow Agent shall pay such amounts, together with any
interest which may have accrued thereon, at the time any distribution of New Shares, or the Net Proceeds of Sale thereof, is made to the relevant Shareholder, to the Registrar for onward transmission to the relevant Shareholder.

  

	 	4.5	The Escrow Agent shall, promptly after receipt or onward transfer of the same pursuant to any of sub-clauses 4.2 to 4.4 above, provide to Telewest and Telewest Jersey (as
appropriate) an acknowledgement of the receipt or onward transfer of each part of the New Shares and/or dividends paid, transferred, issued or allotted to it. 

  

	 	4.6	The entity with which any Escrow Account is held may only be changed by the Escrow Agent if the Escrow Agent obtains the consent of Telewest and/or Telewest Jersey, such consent not
to be unreasonably withheld. Telewest or Telewest Jersey may also direct the Escrow Agent to change the entity with which any Escrow Account is held, subject to the consent of the Escrow Agent, such consent not to be unreasonably withheld.

  

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	 	4.7	The Escrow Agent shall not have, and shall procure that none of its respective delegates shall have, any right of indemnity, set-off, combination of accounts or any other right
whatsoever to apply the assets comprised in the Escrow Accounts or any of them in discharge or satisfaction of any cost, right of reimbursement, expense, loss or other liability of the Escrow Agent and all such rights are hereby released by the
Escrow Agent. 

  

	 	
5.	UNDERTAKINGS 

  

	 	5.1	The Escrow Agent agrees that, subject to sub-clauses 6.5 and 8.14, it shall have no discretion in the making or withholding of any New Shares or cash (as applicable) or credit or
transfer required by a Distribution Notice or a Shareholder Distribution Notice, or portion thereof. Subject to sub-clauses 6.5, 8.14 and 11.19 below, the Escrow Agent undertakes at all times to comply with the instructions contained in the
Distribution Notices and Shareholder Distribution Notices and any other lawful directions given to it by, or on behalf of, Telewest or Telewest Jersey. 

  

	 	5.2	The Escrow Agent undertakes that any distribution or transfer shall only be made following receipt by the Escrow Agent of a Distribution Notice or Shareholder Distribution Notice
(as applicable) or any other lawful directions given to it by, or on behalf of, Telewest or Telewest Jersey and then only in accordance with the terms of that Distribution Notice, Shareholder Distribution Notice or other lawful direction.

  

	 	5.3	Subject to sub-clauses 11.18 and 11.19, the Escrow Agent undertakes that it will take any and all reasonable action required by Telewest or Telewest Jersey in order to give effect
to the provisions of the relevant Scheme provided that its proper costs and expenses of doing so (including legal fees) are paid by Telewest or Telewest Jersey, as appropriate. 

  

	 	5.4	Subject as provided in sub-clauses 5.3, 11.18 and 11.19, the Escrow Agent undertakes that, save with the prior written consent of Telewest or Telewest Jersey, it will not take any
action affecting the Escrow Accounts or any part of them except where necessary to give effect to the Schemes or the terms of any Distribution Notice or Shareholder Distribution Notice or other lawful direction given to it by, or on behalf of,
Telewest or Telewest Jersey. 

  

	 	5.5	The Escrow Agent undertakes in favour of Telewest and Telewest Jersey that it will act honestly and in good faith and will exercise the diligence expected of a reasonably prudent
escrow agent in the fulfilment and/or exercise of its duties and obligations under this Agreement. 

  

	 	
6.	DISTRIBUTIONS TO SHAREHOLDERS 

  

	 	6.1	Telewest will procure that the Registrar will notify the Escrow Agent, as soon as reasonably practicable, but in any event before 5.00 p.m. (London time) on the Bar Date, of the
following: 

  

	 	(a)	the number of New Shares that the ADR Depositary will receive under the Telewest Scheme (excluding, for the avoidance of doubt, any fractional entitlements);

  

	 	(b)	subject to having been provided by Telewest, the Escrow Agent or the Shareholders themselves in advance with the relevant names, the respective numbers of New Shares that certain
Shareholders who have elected to receive New Shares through DTC will receive under the Telewest Scheme (excluding, for the avoidance of doubt, any fractional entitlements); 

  

	 	(c)	the aggregate number of New Shares that Shareholders who will receive their New Shares through CREST (as defined in the Telewest Scheme) will receive under the Telewest Scheme
(excluding, for the avoidance of doubt, any fractional entitlements); 

  

	 	(d)	the aggregate number of New Shares that Shareholders in jurisdictions outside the US, the UK and the Republic of Ireland are entitled to receive under the Telewest Scheme (including
an analysis per jurisdiction and per individual Shareholder) (excluding, for the avoidance of doubt, any fractional entitlements); and 

  

	 	(e)	the number of New Shares that represent the nominal value of the aggregate fractional entitlements of Shareholders under the Telewest Scheme. 

  
 Such notice shall be given by the Registrar on behalf of Telewest and shall
constitute a Shareholder Distribution Notice instructing the Escrow Agent to comply with its obligations under this Agreement as set out in sub-clauses 6.2 to 6.6. 
  

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	 	6.2	As soon as reasonably practicable after receipt of the notification under sub-clause 6.1(a), the Escrow Agent will notify the ADR Depositary of the number of New Shares it will
receive under the Telewest Scheme (excluding, for the avoidance of doubt, any fractional entitlements). 

  

	 	6.3	The Escrow Agent undertakes on the Business Day following the Bar Date, subject to clause 6.5, to: 

  

	 	(a)	transfer the number of New Shares notified to the Escrow Agent pursuant to sub-clause 6.1(a) to the DTC account of the ADR Depositary; 

  

	 	(b)	transfer the number of New Shares notified to the Escrow Agent pursuant to sub-clause 6.1(b) above to the respective DTC accounts of those Shareholders who have elected to receive
their New Shares through DTC; and 

  

	 	(c)	transfer the number of New Shares notified to the Escrow Agent pursuant to sub-clause 6.1(c) above to the DTC account of CREST International Nominees Limited.

  

	 	6.4	The Escrow Agent will, as soon as reasonably practicable after the Business Day following the Bar Date, sell, or procure the sale of, the number of New Shares notified to it
pursuant to sub-clause 6.1(e) above on the Open Market and, subject to clauses 6.6 and 6.7, pay the Net Proceeds of Sale of such New Shares to the Registrar for onward transmission to the relevant Shareholders in accordance with their respective
fractional entitlements. 

  

	 	6.5	The Escrow Agent will not distribute New Shares, or procure the distribution of New Shares, to Shareholders where such distributions of New Shares to Shareholders in jurisdictions
outside the US, the UK and the Republic of Ireland would, or might, in its opinion (subject to the prior consent from Telewest), be unduly onerous or where Telewest directs the Escrow Agent that such distributions would, or might be, prohibited by
any relevant law. If directed by Telewest, such direction shall include the details of the aggregate number of New Shares (of those identified at clause 6.1(d)) to be sold pursuant to this clause 6.5 and the Escrow Agent shall sell, or procure the
sale of, such New Shares on the Open Market and, subject to clauses 6.6 and 6.7, pay the Net Proceeds of Sale to the Registrar for onward transmission to the Shareholders who would otherwise have been entitled to receive such New Shares. Any New
Shares identified at clause 6.1(d) and not sold by the Escrow Agent pursuant to this clause 6.5 shall be distributed by the Escrow Agent in the manner identified at clause 6.3, as is appropriate. 

  

	 	6.6	The Escrow Agent will convert the Net Proceeds of Sale for the Shareholders, other than the ADR Depositary, into the sterling equivalent. 

  

	 	6.7	The price, terms, timing and manner of any sale under this clause 6, and any currency exchange effected by the Escrow Agent in connection with or related to the sale or the proceeds
of the sale, shall be at the Escrow Agent’s sole discretion and the Escrow Agent shall have no Liability for any loss or alleged loss arising from such sale or a failure to procure any purchaser for such New Shares (save to the extent such loss
or alleged loss is caused by the negligence, wilful default or fraud of the Escrow Agent). 

  

	 	
7.	DETERMINATION OF SCHEME CLAIMS 

  

	 	7.1	In accordance with the Schemes, Telewest or Telewest Jersey (as appropriate) shall determine the Scheme Claims, other than the Known Scheme Claims, and shall decide whether or not
they shall become Agreed Scheme Claims. The Escrow Agent will provide all reasonable assistance to Telewest and Telewest Jersey in their determination of Scheme Claims. 

  

	 	7.2	Bondholders are not required by the terms of the relevant Schemes to complete a Claim Form in respect of their Scheme Claims arising directly out of principal of and unpaid interest
under the Notes. Bondholders may complete a Form of Proxy in advance of the relevant Meeting for the purposes both of voting and to inform Telewest or Telewest Jersey (as appropriate) of the name into which they would like the definitive registered
certificates representing their holdings of Notes to be registered. The relevant information will be completed by Participants on the Website. Telewest and Telewest Jersey will procure that all information provided on the Website will be transmitted
to the Escrow Agent as soon as reasonably practicable on or following the Voting Deadline. 

  

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	 	7.3	Before the relevant Meeting, the Escrow Agent undertakes in favour of Telewest and Telewest Jersey: 

  

	 	(a)	to sign the definitive registered certificates of the Notes provided by Telewest and/or Telewest Jersey, in accordance with the terms of the Company Indentures and the Jersey
Indenture, requested by Bondholders to be exchanged into definitive form and to hold such definitive form certificates in accordance with the terms of this Agreement; and 

  

	 	(b)	in respect of information submitted on the Website, liaise with each of DTC, Euroclear, Clearstream, any other relevant Clearing System and Innisfree M&A Incorporated, to
ascertain that all Notes, the subject of the information submitted on the Website, have been blocked from trading through the appropriate procedures in the relevant Clearing System. 

  

	 	7.4	After the relevant Meeting, the Escrow Agent undertakes in favour of Telewest and Telewest Jersey: 

  

	 	(a)	to post Claim Forms to each of the Scheme Creditors other than Bondholders (in respect of their Known Scheme Claims) (at the addresses provided by them), including any Scheme
Creditors that have notified Telewest or Telewest Jersey (as appropriate) that they have Ancillary Claims; 

  

	 	(b)	to collate all hard copy Claim Forms received and check that they have been duly completed; 

  

	 	(c)	to notify the relevant Notified Scheme Creditors of any missing information and any manifest errors in each Claim Form received by it; 

  

	 	(d)	to maintain records of all Claim Forms received and to make such records available to Telewest or Telewest Jersey (as appropriate) at all reasonable times upon request; and

  

	 	(e)	to provide to Telewest or Telewest Jersey (as appropriate) information on each Notified Scheme Claim for Telewest or Telewest Jersey (as appropriate) to verify the legitimacy and
the quantum of such claim. 

  

	 	7.5	Prior to the Effective Date, the Escrow Agent will hold the definitive registered certificates in escrow for the Definitive Holders pending the Effective Date.

  

	 	7.6	On the Effective Date, upon notice from Telewest or Telewest Jersey, the Escrow Agent shall convert the definitive registered certificates into book-entry interests in the global
form of the relevant Notes. The Escrow Agent shall liaise with the registrar of the Notes to ensure that such exchange is recorded in the register of the Notes. 

  

	 	7.7	If (i) either Scheme is not approved at the relevant Meeting; or (ii) the Court does not sanction either Scheme either at first instance, or, if appropriate, on final appeal; or
(iii) the Effective Date has not occurred by 27 July 2004 or 60 days after the date of any vote by Scheme Creditors to approve the Schemes, subject to that vote occurring on or before 12 July 2004, the Escrow Agent shall, as soon as practicable
after the first of (i), (ii) or (iii) to occur, deliver, by ordinary uninsured post, definitive registered certificates to the relevant addresses of the Definitive Holders provided on the Forms of Proxy. 

  

	 	
8.	INITIAL DISTRIBUTIONS TO SCHEME CREDITORS UNDER THE
SCHEMES 

  

	 	8.1	On the Business Day following the Bar Date, or as soon as practicable thereafter, Telewest will deliver to the Escrow Agent the following Distribution Notices identifying the total
number of New Shares to be distributed in the Initial Distribution to: 

  

	 	(a)	Telewest Bondholders in respect of each issue of Notes (other than the Jersey Notes) and Jersey Bondholders in respect of the Jersey Guarantee Liability; 

 

	 	(b)	the Jersey Escrow Account (in respect of Telewest Jersey’s Scheme Claim in the Telewest Scheme); and 

  

	 	(c)	all other Notified Scheme Creditors with Agreed Scheme Claims at the Bar Date. 

  

	 	8.2	On receipt of the Distribution Notice referred to in sub-clause 8.1(a) above, the Escrow Agent will instruct the Transfer Agent to transfer, for each issue of Notes (other than the
Jersey Notes) and the Jersey Guarantee Liability, the total number of New Shares for Telewest Bondholders holding Notes which are eligible in DTC and Jersey Bondholders in respect of the Jersey Guarantee Liability into DTC. The Escrow Agent will
instruct DTC to distribute the relevant number of New Shares pro rata to the relevant DTC Participants. 

  

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	 	8.3	On receipt of the Distribution Notice referred to in sub-clause 8.1(a) above, the Escrow Agent will instruct the Transfer Agent to transfer, for each issue of Notes (other than the
Jersey Notes), the total number of New Shares for Telewest Bondholders holding Notes which are only eligible in Euroclear or Clearstream to the DTC custodian accounts of Euroclear or Clearstream. The Escrow Agent will advise Euroclear and
Clearstream to deliver the relevant number of New Shares pro rata to the relevant Participants in Euroclear or Clearstream. 

  

	 	8.4    (a)    On	receipt of the Distribution Notice referred to in sub-clause 8.1(b) above, the Escrow Agent shall transfer Telewest Jersey’s Initial Share Entitlement as Scheme Creditor in the
Telewest Scheme to the Jersey Escrow Account. 

  

	 	(b)	On receipt of the New Shares into the Jersey Escrow Account referred to in sub-clause 8.4(a) above, Telewest Jersey will deliver to the Escrow Agent a Distribution Notice
identifying the total number of New Shares to be distributed in the Initial Distribution to Jersey Bondholders. 

  

	 	(c)	On receipt of the Distribution Notice referred to in sub-clause 8.4(b) above, the Escrow Agent will instruct the Transfer Agent to transfer the total number of New Shares for Jersey
Bondholders into DTC. The Escrow Agent will instruct DTC to distribute the relevant number of New Shares pro rata to the relevant DTC Participants. 

  

	 	8.5	On receipt of the Distribution Notice referred to in sub-clause 8.1(c) above, the Escrow Agent will instruct the Transfer Agent to transfer the total number of New Shares for
Notified Scheme Creditors with Agreed Scheme Claims in accordance with sub-clauses 8.7 and 8.8 below. 

  

	 	8.6	The Escrow Agent will liaise with the Clearing Systems to arrange for the Notes to be cancelled on receipt of the New Shares into the Clearing Systems. 

  

	 	8.7	In respect of all Scheme Claims (including Scheme Claims of holders of Eurobell Notes) other than Scheme Claims of Bondholders arising directly out of principal of and unpaid
interest under the Notes and the Scheme Claim of Telewest Jersey in the Telewest Scheme, as and when such Scheme Claims become Agreed Scheme Claims, Telewest or Telewest Jersey (as appropriate) will deliver to the Escrow Agent a duly completed
Distribution Notice identifying each Notified Scheme Creditor or its Nominated Recipient to which the New Shares are to be transferred, the amount of New Shares or cash (as applicable) to be transferred and the manner of distribution of the Notified
Scheme Creditor’s Initial Share Entitlement. 

  

	 	8.8	On receipt of a Distribution Notice requiring the Escrow Agent to transfer New Shares or cash to a Notified Scheme Creditor in accordance with the provisions of the Schemes, the
Escrow Agent shall as soon as reasonably practicable transfer (or procure the transfer) to the relevant Notified Scheme Creditor or to that Notified Scheme Creditor’s Nominated Recipient (as appropriate) a number of New Shares or cash
equal to that Notified Scheme Creditor’s Initial Share Entitlement. 

  

	 	8.9	To the extent that there are any fractional entitlements to New Shares in respect of any Agreed Scheme Claim, the fractional entitlements will be rounded down by the Escrow Agent.
The Escrow Agent shall aggregate the fractional entitlements and will retain them in escrow for distribution in accordance with the Schemes on the Telewest Final Distribution Date and/or the Jersey Final Distribution Date (as appropriate).

  

	 	8.10	In respect of duly completed Distribution Notices received on the day of the Bar Date (but after 5.00 p.m. London time), the Escrow Agent shall transfer the New Shares or cash in
accordance with the instructions in the Distribution Notice on the Business Day immediately after the Bar Date. 

  

	 	8.11	In respect of duly completed Distribution Notices received after midnight on the day of the Bar Date, the Escrow Agent shall transfer the New Shares or cash in accordance with the
instructions in the Distribution Notice within 2 Business Days of receipt of the Distribution Notice. 

  

	 	8.12	In respect of each Distribution Notice that directs the Escrow Agent to transfer New Shares in certificated form, the Escrow Agent shall instruct the Transfer Agent to transfer New
Shares to the relevant Notified Scheme Creditor or the relevant Notified Scheme Creditor’s Nominated Recipient (as appropriate) in certificated form. Telewest or Telewest Jersey will procure that the Transfer Agent complies with the
instructions of the Escrow Agent. 

  

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	 	8.13	In respect of each Distribution Notice that directs the Escrow Agent to sell a Notified Scheme Creditor’s Share Entitlement, the Escrow Agent shall sell the amount of New
Shares represented by such Share Entitlement on the Open Market and account to such Notified Scheme Creditor or that Notified Scheme Creditor’s Nominated Recipient, as the case may be, for the Net Proceeds of Sale. 

  

	 	8.14	The Escrow Agent will not distribute New Shares to a Notified Scheme Creditor or a Notified Scheme Creditor’s Nominated Recipient if the address supplied in the Claim Form is
outside of the UK or the US and such distributions would, or might, in the opinion of the Escrow Agent (subject to the prior consent from Telewest or Telewest Jersey), be unduly onerous or Telewest or Telewest Jersey (as applicable) directs the
Escrow Agent that such distributions would, or might, be prohibited by any relevant law. In respect of those New Shares, if directed by Telewest or Telewest Jersey (as applicable), the Escrow Agent shall sell, as soon as reasonably practicable
thereafter, or procure the sale of, the same on the Open Market and pay the Net Proceeds of Sale of them to the Notified Scheme Creditor or that Notified Scheme Creditor’s Nominated Recipient, in full satisfaction of that Notified Scheme
Creditor’s rights under the Schemes. Any sale undertaken pursuant to such an instruction shall be deemed for the purposes of the Schemes to have been made at the request and authorisation of the relevant Notified Scheme Creditor.

  

	 	8.15	To the extent that the Escrow Agent is directed to sell New Shares, the price, terms, timing and manner of such sale effected by the Escrow Agent in connection with or related to
such sale and any currency exchange shall be at the sole discretion of the Escrow Agent and the Escrow Agent shall have no Liability for any loss or alleged loss arising from such sale or a failure to procure any purchaser for such New Shares (save
to the extent such loss or alleged loss is caused by the negligence, wilful default or fraud of the Escrow Agent). 

  

	 	
9.	FINAL DISTRIBUTION UNDER THE SCHEMES 

  

	 	9.1	Subject to sub-clause 9.2 below, Telewest and/or Telewest Jersey (as applicable) will notify the Escrow Agent in writing of the Telewest Final Distribution Date and the Jersey Final
Distribution Date. 

  

	 	9.2    (a)    In	the event that there is no Telewest Final Distribution, Telewest will serve a Distribution Notice on the Escrow Agent confirming that there is no Telewest Final Distribution.

  

	 	(b)	In the event that there is no Jersey Final Distribution, Telewest Jersey will serve a Distribution Notice on the Escrow Agent confirming that there is no Jersey Final Distribution.

  

	 	9.3	To the extent that any New Shares or cash remain in escrow after: 

  

	 	(a)	all Unresolved Claims and Disputed Scheme Claims have become Agreed Scheme Claims, and Scheme Creditors have received their Initial Share Entitlements in respect thereof, or have
been conclusively rejected or have been withdrawn; 

  

	 	(b)	the Escrow Agent has transferred all the New Shares required pursuant to the Initial Distributions; and 

  

	 	(c)	in respect of Telewest Jersey only, Telewest has made a Final Distribution in respect of the Telewest Scheme, or has served a Distribution Notice pursuant to sub-clause 9.2(a) that
there is no Telewest Final Distribution, 

  
 upon
notification from Telewest or Telewest Jersey (as applicable), pursuant to sub-clause 9.1, the Escrow Agent shall transfer, subject to sub-clauses 9.4 and 9.5 below, all the remaining New Shares and cash held in the Telewest Escrow Account to
Telewest Scheme Creditors and all remaining New Shares and cash held in the Jersey Escrow Account to Jersey Scheme Creditors, in each case with Agreed Scheme Claims, pro rata to the amount of their Agreed Scheme Claims. 
  

	 	9.4    (a)    In	respect of Telewest Jersey’s Scheme Claim in the Telewest Scheme, Telewest will deliver to the Escrow Agent a Distribution Notice identifying the relevant number of New Shares
or cash to be transferred to Telewest Jersey as Scheme Creditor into the Jersey Escrow Account and shall transfer Telewest Jersey’s Final Distribution as Scheme Creditor in the Telewest Scheme to the Jersey Escrow Account.

  

 10 

	 	(b)	On receipt of the New Shares into the Jersey Escrow Account referred to in sub-clause 9.4(a) above, Telewest Jersey will deliver to the Escrow Agent a Distribution Notice
identifying the total number of New Shares to be distributed in the Jersey Final Distribution. 

  

	 	9.5	In respect of Bondholders, Telewest or Telewest Jersey (as applicable) will deliver to the Escrow Agent a Distribution Notice identifying the relevant number of New Shares or cash
to be distributed to Bondholders in respect of each issue of Notes and the Escrow Agent shall instruct the relevant Clearing System to carry out the transfer. 

  

	 	9.6	In respect of all other Notified Scheme Creditors (other than Bondholders and Telewest Jersey), Telewest or Telewest Jersey (as applicable) will deliver to the Escrow Agent a
Distribution Notice identifying the relevant number of New Shares or cash to be distributed to those Notified Scheme Creditors in accordance with the directions given in the Notified Scheme Creditor’s Claim Form, or as directed by Telewest or
Telewest Jersey (as applicable). 

  

	 	9.7	To the extent that the provisions of the Schemes regarding fractional entitlements mean that there are New Shares remaining in escrow after the Final Distribution, the Escrow Agent
shall aggregate the respective fractional entitlements and sell them on the Open Market, or procure the sale of the same. The Escrow Agent will remit the Net Proceeds of Sale of such New Shares to the NSPCC. The price, terms, timing and manner of
such sale effected by the Escrow Agent in connection with or related to such sale and any related currency exchange, shall be at the sole discretion of the Escrow Agent and the Escrow Agent shall have no Liability for any loss or alleged loss
arising from such sale or a failure to procure any purchaser for such New Shares (save to the extent such loss or alleged loss is caused by the negligence, wilful default or fraud of the Escrow Agent). 

  

	 	10.	Termination Date 

  

	 	10.1	On and following the Termination Date, no further Claim Forms will be accepted by or on behalf of Telewest or Telewest Jersey. On the Termination Date (or, to the extent that any
Disputed Scheme Claims or Jersey Disputed Scheme Claims are at that time in the process of being determined by the Independent Adjudicator, on the date of final determination of such Scheme Claims by the Independent Adjudicator), Telewest and/or
Telewest Jersey will direct the Escrow Agent that the Net Proceeds of Sale of any New Shares and such cash remaining in the Escrow Accounts and not attributable to any Agreed Scheme Claim and in relation to which the Escrow Agent has not received
any valid delivery instructions, are to be sold by the Escrow Agent on the Open Market and the Net Proceeds of Sale will be transferred to the NSPCC. 

  

	 	10.2	Promptly after each Escrow Account ceases to have any cash or New Shares credited to it, the Escrow Agent shall, subject to obtaining the prior consent of Telewest and Telewest
Jersey, arrange for that Escrow Account to be closed. 

  

	 	
11.	RIGHTS, POWERS AND DUTIES OF THE ESCROW
AGENT 

  

	 	11.1	The Escrow Agent, in its individual capacity or any other capacity, may exercise voting rights and any other rights whatsoever in respect of the New Shares and may deal with New
Telewest with the same rights it would have if it were not the Escrow Agent. However, the Escrow Agent shall be under no obligation to exercise its voting rights or any other rights whatsoever in respect of the New Shares (save as may be required by
law). 

  

	 	11.2	The duties, responsibilities and obligations of the Escrow Agent shall be limited to those expressly set forth herein and any other duties, responsibilities and obligations agreed
between Telewest or Telewest Jersey and the Escrow Agent and no duties, responsibilities or obligations shall be inferred or implied. The Escrow Agent shall not be required to, and nor shall it, undertake any duties, responsibilities or obligations
that are contrary to the terms of this Agreement. The Escrow Agent shall not be required to, and nor shall it, expend or risk any of its own funds or otherwise incur any financial liability in the performance of any of its duties under this
Agreement save where the same arises as a result of its negligence, misfeasance, breach of duty or wilful default. The Escrow Agent shall incur no liability to Telewest, Telewest Jersey or any other person for errors made by Notified Scheme
Creditors (or their agents, advisers or representatives) on their Claim Forms, nor for any fraudulent or otherwise inaccurate Claim Form. 

  

 11 

	 	11.3	The Escrow Agent shall be under no obligation to accept or act upon any request or instructions issued by a Scheme Creditor other than with respect to a request or instruction on a
Form of Proxy. 

  

	 	11.4	Save to the extent that Telewest, Telewest Jersey or any other person informs the Escrow Agent in writing of an error submitted on the Website, the Escrow Agent shall be entitled to
rely on the information provided on the Website and shall not be responsible for its accuracy. 

  

	 	11.5	The Escrow Agent shall not be responsible for, or chargeable with knowledge of, the terms and conditions of any other agreement, instrument or document executed between the other
parties, other than the Schemes and the explanatory statement to such Schemes dated 30 April 2004 and such agreements, instruments or documents as may be specifically referred to in the Schemes and in this Agreement. 

  

	 	11.6	Each of Telewest, Telewest Jersey and Telewest UK (as applicable) agrees (subject as provided in sub-clause 11.7) to reimburse the Escrow Agent on demand for, and to indemnify and
hold the Escrow Agent harmless against and with respect to, any and all loss, liability, damage or expense (including, but without limitation, reasonable legal fees, costs and disbursements and any taxes it may incur by being a trustee or otherwise
of the New Shares) that the Escrow Agent may suffer or incur in connection with it acting in accordance with the Schemes or this Agreement or at the request or direction of Telewest, Telewest Jersey or Telewest UK provided that Telewest and Telewest
Jersey do so only in relation to their respective Schemes, except to the extent that such loss, liability, damage or expense arises from the Escrow Agent’s own negligence, misfeasance, breach of duty or wilful default or other breach by it of
this Agreement. 

  

	 	11.7	In case any action shall be brought against the Escrow Agent (the indemnified person) in respect of which recovery may be sought from Telewest, Telewest Jersey or Telewest UK (as
applicable) (the indemnifier), under sub-clause 11.6, the indemnified person shall promptly notify the indemnifier in writing. Subject to sub-clause 11.8, the indemnifier may participate at its own expense in the defence of any action.

  

	 	11.8	If it so elects within a reasonable time after receipt of the notice referred to in sub-clause 11.7, the indemnifier may assume the defence of the action with legal advisers chosen
by it. Notwithstanding such election the indemnified person may employ separate legal advisers, and the indemnifier shall bear the fees and expenses of such separate legal advisers, if: 

  

	 	(a)	the use of the legal advisers chosen by the indemnifier to represent the indemnified person would, in the sole opinion of the Escrow Agent, present such legal advisers with a
conflict of interest; 

  

	 	(b)	the actual or potential defendants in, or targets of, any such action include both the indemnified person and the indemnifier and the indemnified person concludes that there may be
legal defences available to it which are different from or additional to those available to the indemnifier; or 

  

	 	(c)	the indemnifier has not employed legal advisers satisfactory to the indemnified person to represent the indemnified person within a reasonable time after notice of the institution
of such action. 

  
 If the indemnifier assumes the
defence of the action, the indemnifier shall not be liable for any fees and expenses of legal advisers of the indemnified person incurred thereafter in connection with the action, except as stated above. 
  

	 	11.9	Telewest, Telewest Jersey and Telewest UK (as applicable) shall not be liable in respect of any settlement of any action effected without its consent, such consent not to be
unreasonably withheld or delayed. Telewest, Telewest Jersey and Telewest UK (as applicable) shall not, without the prior written consent of the indemnified person, where the indemnified person is an actual, or is reasonably likely to be a potential,
party to such claim or action, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim or action in respect of which recovery may be sought under this Agreement unless such settlement, compromise
or consent includes an unconditional release of the indemnified person from all liability arising out of such claim or action and does not include a statement as to, or an admission of, fault, culpability or failure to act by or on behalf of the
indemnified person. 

  

 12 

	 	11.10	The Escrow Agent may obtain and pay for such reasonable legal or other expert advice or services as it may reasonably consider necessary in relation to this Agreement, and may rely
on the opinion of, or advice obtained from, any accountant, lawyer or other expert of good repute and shall incur no liability and shall be fully protected in acting in good faith in accordance with such opinion or advice. 

 

	 	11.11	The Escrow Agent shall be at liberty to hold this Agreement and any other documents relating to it, or to deposit them in any part of the world with any banker or banking company or
company whose business includes undertaking the safe custody of documents or lawyer or firm of lawyers considered by the Escrow Agent to be of good repute, and the Escrow Agent shall not be responsible for or be required to insure against any
liability incurred in connection with any such holding or deposit and may pay all sums required to be paid on account of or in respect of any such deposit. 

  

	 	11.12	The Escrow Agent shall not (unless and to the extent ordered so to do by a court of competent jurisdiction) be required to disclose to any Scheme Creditor any information
(including, without limitation, information of a confidential, financial or price sensitive nature) made available to it by any other party to this Agreement or any other person in connection with this Agreement. 

  

	 	11.13	The Escrow Agent shall not be required to take any legal action or proceedings unless it has been indemnified and/or provided with security to its reasonable satisfaction against
all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages, expenses and liabilities which it may incur by so doing. 

  

	 	11.14	Each of Telewest, Telewest Jersey and Telewest UK agrees (a) that it will not take any proceedings, or assert or seek to assert any claim, against any officer or employee of the
Escrow Agent in respect of any claim it might have against the Escrow Agent or in respect of this Agreement and (b) that any officer or employee of the Escrow Agent may enforce this provision. 

  

	 	11.15	The Escrow Agent may (without any responsibility for any resulting loss) rely on: 

  

	 	(a)	any written communication, certificate, legal opinion or other document received or obtained by it in the course of performing its obligations under this Agreement and believed by
it to be genuine and correct and to have been signed by, or with the authority of, the proper person; and 

  

	 	(b)	any written statement made to it in the course of, and as part of, performing its obligations under this Agreement by a director, officer, partner or employee of any person
regarding any matters which may reasonably be assumed to be within the maker’s knowledge or within the maker’s power to verify. 

  

	 	11.16	Any opinion, advice or information described in sub-clause 11.15 on which the Escrow Agent relies or intends to rely may be sent or communicated by letter or facsimile transmission.
The Escrow Agent shall not be liable for acting properly and in accordance with this Agreement on any opinion, advice or information which is so conveyed, unless the opinion, advice or information contains some error of which the Escrow Agent is
aware or which is manifest. 

  

	 	11.17	The Escrow Agent may provide advisory or other services to or engage in any kind of business with any person party to, or affected by, the arrangements the subject of this Agreement
and may do so without any obligation to account to or disclose any such arrangements to any person except to the extent that to do so would place the Escrow Agent in a position where it has a conflict of interest with its rights, duties and
obligations in this Agreement or the Schemes. The Escrow Agent shall ensure that no employees or officers charged with the functions set out in this Agreement shall be involved in or assist in the provision of advice or other services to any other
person in respect of the Schemes. The Escrow Agent shall maintain effective systems to ensure that no confidential information held by it as a result of its appointment as Escrow Agent under this Agreement regarding the Telewest Scheme or the Jersey
Scheme shall be accessible to any employee of the Escrow Agent for purposes other than carrying out its duties as Escrow Agent. 

  

	 	11.18	 The Escrow Agent may exercise any of its rights and perform any of its duties, obligations and responsibilities under this Agreement through its agents and
employees and, provided that it has exercised reasonable care in the selection of any such agent or employee, shall not be responsible for 

  

 13 

	 	    	any misconduct or omission on the part of, or be bound to supervise the proceedings or acts of, any such agent or employee save where the same arises as a result of its negligence
or wilful default. Any such agent or employee which is engaged in any profession or business shall be entitled to charge and be paid all usual reasonable fees, expenses and other charges for its services. 

  

	 	11.19	The Escrow Agent may refrain from doing anything which would, or might in its opinion, be contrary to any law or any directive or regulation having the force of law to which it is
subject or which would or might otherwise render it liable to any person and may do anything which is, in its reasonable opinion, necessary to comply with such law, directive or regulation. 

  

	 	
12.	INVESTMENTS 

  

	 	12.1	The Escrow Agent must credit all interest earned (if any) and dividends or other cash received in respect of any assets in any Escrow Account (Profits) to the relevant
cash account forming part of that Escrow Account until payment or transfer to Scheme Creditors and Shareholders, or to the NSPCC (if appropriate) in accordance with the provisions of this Agreement. 

  

	 	
13.	TERMINATION 

  

	 	13.1	Upon closure of all of the Escrow Accounts in accordance with the terms of this Agreement, the Escrow Agent shall have no further duties, responsibilities or obligations hereunder
save for such obligations as may have arisen prior to such closure, which obligations have not as at the time of such closure been fulfilled or discharged. 

  

	 	
14.	REPRESENTATIONS AND WARRANTIES 

  

	 	14.1	Each of the parties to this Agreement represents and warrants to each of the others that it has the capacity, power and authority to enter into this Agreement and that the
obligations assumed by it (if any) are legal, valid and binding obligations on it. 

  

	 	14.2	Each of the parties to this Agreement represents and warrants to each of the others that neither the execution by it, nor the performance by it of its respective obligations (if
any) in accordance with the terms, of this Agreement will: 

  

	 	(a)	so far as that party is aware (which for these purposes and in respect of the Escrow Agent includes those employees of the Escrow Agent charged with the functions set out in this
Agreement), violate or conflict with, or constitute a default under, any agreement or other obligation to which that party to its knowledge is subject or by which it is bound; or 

  

	 	(b)	so far as that party is aware, contravene or conflict with or constitute a violation of any provision of any law, rule, regulation, judgement, order or decree which is binding on
it. 

  

	 	14.3	Each of the parties to this Agreement represents and warrants to each of the other parties that it has obtained the power, capacity and authority to execute, and perform its
respective obligations (if any) in accordance with the terms of, this Agreement. 

  

	 	
15.	FEES AND EXPENSES 

  

	 	15.1	The Escrow Agent shall be paid fees and expenses for its services under this Agreement in accordance with the fee letter between Telewest and the Escrow Agent, dated 16 March 2004.

  

	 	15.2	If Telewest or Telewest Jersey asks the Escrow Agent to carry out any significant task outside the scope of this Agreement, the Escrow Agent may require a reasonable sum on account
of expected fees and expenses and may decline to continue or begin such task until such payment is received by it. 

  

	 	
16.	FURTHER ASSURANCE 

  

	 	16.1	The parties shall do and execute, or procure to be done and executed, all necessary acts, deeds and documents, including, but not limited to, giving the necessary instructions
and/or notifications to the relevant Clearing Systems (and giving the necessary instructions to their solicitors, to effect the release of the contents of any of the Escrow Accounts in accordance with any termination of any of them pursuant to
clause 13) and shall provide each other with commercially reasonable mutual support for the purposes of doing so to give effect to the terms of this Agreement. 

  

 14 

	 	
17.	FURTHER TERMS AND CONDITIONS 

  

	 	17.1	If at any time the Escrow Agent is served with any judicial or administrative order, judgement, decree, writ or other form of judicial or administrative process which in any way
affects the Escrow Accounts (each a Judicial Notice), the Escrow Agent may comply therewith in any manner as it or legal counsel of its choosing deems appropriate; provided that, if reasonably practicable, it shall notify Telewest
and/or Telewest Jersey (as appropriate) of such Judicial Notice received and shall use its best efforts to discuss the manner in which it proposes to comply with that Judicial Notice with Telewest and/or Telewest Jersey (as appropriate) prior to
doing so. If the Escrow Agent complies with any Judicial Notice, it shall not be liable to any other person or entity even though such Judicial Notice may be subsequently modified or vacated or otherwise determined to have been without legal force
or effect. 

  

	 	17.2	The Escrow Agent shall provide Telewest and Telewest Jersey with quarterly statements identifying the transactions, charges (if any) and Profits earned (if any) on the Escrow
Accounts and undistributed balances of the Escrow Accounts. 

  

	 	17.3	Subject to the provisions of sub-clause 17.4, the Escrow Agent may resign at any time by giving to Telewest and Telewest Jersey not less than 60 days’ prior written notice.

  

	 	17.4	If the Escrow Agent has given notice of resignation as provided in sub-clause 17.3, a successor escrow agent shall be appointed by Telewest and Telewest Jersey. A resignation of the
Escrow Agent shall not become effective until a successor escrow agent is appointed. The Escrow Agent shall ensure that the successor escrow agent becomes the custodian of the Escrow Accounts and the successor escrow agent shall have all the rights,
powers and duties of the Escrow Agent under this Agreement. 

  

	 	17.5	Telewest or Telewest Jersey (as appropriate) may terminate the Escrow Agent’s appointment under this Agreement at any time and with immediate effect by serving written notice
on the Escrow Agent. 

  

	 	17.6	Upon termination of the Escrow Agent’s appointment, under sub-clause 17.3 or 17.5, the Escrow Agent shall ensure that Telewest or Telewest Jersey (or any successor escrow agent
appointed) becomes custodian of the Escrow Accounts. The Escrow Agent shall deliver to Telewest or Telewest Jersey all books, records and documentation (including, for the avoidance of doubt, any Claim Forms received by the Escrow Agent) received or
created by the Escrow Agent in connection with or in relation to this Agreement and/or the Schemes. The Escrow Agent shall cooperate fully with Telewest and Telewest Jersey and any such successor escrow agent, subject only to the reimbursement of
its reasonable fees and expenses (including legal fees) in connection therewith. 

  

	 	17.7	None of the parties to this Agreement shall be in breach of its obligations (if any) under this Agreement as a result of any delay or non-performance of its obligations (if any)
under this Agreement arising from any Force Majeure. 

  

	 	17.8	To the extent that the liquidators of Telewest and Telewest Jersey wish to close the liquidation whilst the obligations of Telewest and Telewest Jersey under the Telewest Scheme and
the Jersey Scheme remain to be performed, Telewest UK has agreed to undertake to perform such obligations in the place of Telewest and Telewest Jersey provided always that such obligations do not involve the exercise of discretion on behalf of
Telewest UK and, as such, are wholly of a mechanical nature, or, to the extent that such obligations would involve the exercise of discretion on behalf of Telewest UK, that the liquidators of Telewest and Telewest Jersey set out detailed and
comprehensive instructions to Telewest UK as to how that discretion should be exercised. In no event, however, shall Telewest UK be obliged to perform any such obligation to the extent that it would, or may be likely to, prevent qualification of the
Financial Restructuring as a tax-free reorganisation for US federal income tax purposes. Accordingly, any such obligations expressed in this Agreement to be performed by Telewest or Telewest Jersey will be novated to Telewest UK as at the date of
the conclusion of the winding-up of Telewest and Telewest Jersey (as applicable). 

  

	 	
18.	COUNTERPARTS 

  

	 	18.1	This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. 

  

 15 

	 	
19.	NOTICES 

  

	 	19.1	Any notice or other document to be served under this Agreement may be delivered or sent by post or facsimile process to the party to be served as follows: 

 
 Telewest Communications plc 
  

			
	 Address:
	    	 160 Great Portland Street
 London W1W 5QA

United Kingdom

		
	 Fax:
	    	+44 20 7299 5495
		
	 For the attention of:
	    	General Counsel

  
 Telewest Finance
(Jersey) Limited 
  

			
	 Address:
	    	 160 Great Portland Street
 London W1W 5QA

United Kingdom

		
	 Fax:
	    	+44 20 7299 5495
		
	 For the attention of:
	    	General Counsel

  
 Telewest UK
Limited 
  

			
	 Address:
	    	 160 Great Portland Street
 London W1W 5QA

United Kingdom

		
	 Fax:
	    	+44 20 7299 5495
		
	 For the attention of:
	    	General Counsel

  
 With a copy to:

  

			
	 Address:
	    	 Fried, Frank, Harris, Shriver & Jacobson (London) LLP
 99 City Road
 London EC1Y 1AX
 United
Kingdom

		
	 Fax:
	    	+44 20 7972 9602
		
	 For the attention of:
	    	Timothy Peterson

  
 Telewest Global,
Inc. 
  

			
	 Address:
	    	 c/o CT Corporation System
 1209 Orange
Street
 Wilmington
 Delaware 19801
 United States of America

		
	 For the attention of:
	    	General Counsel

  
 With a copy to:

  

			
	 Address:
	    	 Fried, Frank, Harris, Shriver & Jacobson LLP
 One
New York Plaza
 New York
 NY 10004
 United States of America

		
	 Fax:
	    	+1 212 859 4000
		
	 For the attention of:
	    	Brad Eric Scheler

  

 16 

 The Bank of New York 
  

			
	 Address:
	    	 101 Barclay Street
 New York
 NY 10286
 United States of America

		
	 Fax:
	    	+1 212 815 5802

  
 With a copy to:

  

			
	 Address:
	    	 Corporate Trust Administration
 The Bank of New
York
 One Canada Square
 London E14 5AL

		
	 Fax:
	    	+44 20 7964 4895
		
	 For the attention of:
	    	Trevor Blewer

  
 or at such other
address or facsimile number as it may have notified to the other parties in accordance with this clause. Any notice or other document sent by post shall be sent by prepaid first class post (if within the United Kingdom) or by prepaid airmail (if
elsewhere). 
  

	 	19.2	In proving service of a notice or document it shall be sufficient to prove that delivery was made or that the envelope containing the notice or document was properly addressed and
posted (either by prepaid first class post or by prepaid airmail, as the case may be) or that the facsimile message was properly addressed and despatched and a confirmation of transmission was received, as the case may be. 

 

	 	
20.	THIRD PARTY RIGHTS 

  

	 	20.1	No person, other than those set out in clause 11.14, who is not a party to this Agreement may enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999.

  

	 	
21.	GOVERNING LAW AND JURISDICTION 

  

	 	21.1	This Agreement, in relation to which time shall be of the essence, is governed by, and shall be construed in accordance with, the laws of England. Each party irrevocably agrees that
the courts of England are to have exclusive jurisdiction to settle any dispute which may arise out of or in connection with this Agreement and that, accordingly, any suit, action or proceeding arising out of or in connection with this Agreement
(together referred to as Proceedings) may be brought in such courts. Each party irrevocably waives any objection which it may have now or hereafter to the laying of the venue of any Proceedings in the courts of England and any claim
that any Proceedings have been brought in an inconvenient forum. 

  

	 	21.2	The Bank of New York appoints the General Manager at the London branch of The Bank of New York as its agent for service of process in England in respect of any Proceedings and
undertakes that in the event of such agent ceasing so to act it will immediately appoint another person as its agent for that purpose. Nothing in this Agreement shall affect the right to serve process in any other manner permitted by law.

  

 17 

 IN WITNESS of which this Agreement has been executed as a deed and
has been delivered on the date which appears first on page 1. 
  

			
	 EXECUTED and DELIVERED as a 
 DEED for and on behalf of
 TELEWEST COMMUNICATIONS PLC
 acting by [STEPHEN COOK] and
 [CLIVE BURNS]
	    	 /s/ Stephen S. Cook

 director

	 	    	 secretary /s/ Clive Burns

		
	 EXECUTED and DELIVERED as a
 DEED
for and on behalf of
 TELEWEST FINANCE (JERSEY)
 LIMITED
 acting by [STEPHEN COOK] and
 [CLIVE
BURNS]
	    	 /s/ Stephen S. Cook

 director

	 	    	 secretary /s/ Clive Burns

		
	 EXECUTED and DELIVERED as a 
 DEED for and on behalf of
 TELEWEST UK LIMITED
 acting by [STEPHEN COOK] and
 [CLIVE BURNS]
	    	 /s/ Stephen S. Cook

 director

		
	 	    	 secretary /s/ Clive Burns

		
	 EXECUTED and DELIVERED as a
 DEED
for and on behalf of
 TELEWEST GLOBAL, INC.
 acting by [S. COOK] acting
 on the authority of that company
 in the presence of:
	    	 
		
	Witness signature  /s/ Zack Wilson                            
        	    	 /s/ Stephen S. Cook

		
	Name  ZACK WILSON                                 
                     	    	 
		
	Address  173 GOLDHURST TERRACE                    	    	 
		
	   LONDON NW6 3ES                               
         
	    	 
		
	 EXECUTED and DELIVERED as a 
 DEED for and on behalf of 
 THE BANK OF NEW YORK
 acting by [TREVOR BLEWER] acting
 on the authority of that company
 in the presence of:
	    	 
		
	Witness signature  /s/ Alison
Mitchell                          	    	 /s/ Trevor Blewer

		
	Name  ALISON MITCHELL                                
          	    	 
		
	Address  C/O ONE CANADA SQ                              
    	    	 
		
	   LONDON E14 5AL                                
      
	    	 

  
  
  
  
  

 18 

 SCHEDULE I 
  
 IN THE MATTER OF TELEWEST COMMUNICATIONS PLC 
  
 [IN THE MATTER OF TELEWEST FINANCE (JERSEY) LIMITED] 
  
 and 
  
 IN THE MATTER OF THE COMPANIES ACT 1985 
  
 [IN THE MATTER OF THE COMPANIES (JERSEY) LAW 1991] 
  

  
 UNDERTAKING

  

  

	1	We, The Bank of New York, refer to the document containing the Explanatory Statement presently intended to be dated 30 April 2004 and to be despatched to certain creditors of
Telewest Communications plc (“the Company”) and Telewest Finance (Jersey) Limited (“Telewest Jersey”) and made available to certain other persons on that date in connection with the proposed scheme of arrangement in
respect of the Company and Telewest Jersey under Section 425 of the English Companies Act 1985 and Telewest Jersey under the Companies (Jersey) Law 1991 in its present form or with or subject to any modification or condition approved by the English
Court [the English Court or the Jersey Court] (“the Scheme”) and between the Company [Telewest Jersey] and certain creditors, a draft of which is annexed hereto and marked “A”. 

  

	2	We, The Bank of New York, hereby IRREVOCABLY AGREE AND UNDERTAKE with the [High Court of Justice of England and Wales] [the Royal Court of Jersey] to perform our designated
functions and comply with our obligations as Escrow Agent respectively subject to and in accordance with the terms of the Escrow Agent Agreement dated                 
between inter alia ourselves, the Company and Telewest Jersey. 

  

	 	

 The Bank of New York 
  

 19Amended and Restated Investor's Rights Agreement

 EXHIBIT 4.1 
  

GWCOM, INC. 
  
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 
  
 DECEMBER 22, 1999 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

			
	ARTICLE I	  	 REGISTRATION RIGHTS
	  	1
			
	1.1	  	 Definitions
	  	1
	1.2	  	 Request for Registration
	  	3
	1.3	  	 Company Registration
	  	4
	1.4	  	 Obligations of the Company
	  	5
	1.5	  	 Furnish Information
	  	6
	1.6	  	 Expenses of Demand Registration
	  	7
	1.7	  	 Expenses of Company Registration
	  	7
	1.8	  	 Underwriting Requirements
	  	7
	1.9	  	 Delay of Registration
	  	8
	1.10	  	 Indemnification
	  	8
	1.11	  	 Reports Under Securities Exchange Act of 1934
	  	10
	1.12	  	 Form S-3 Registration
	  	11
	1.13	  	 Assignment of Registration Rights
	  	12
	1.14	  	 Limitations on Subsequent Registration Rights
	  	12
	1.15	  	 “Market Stand-Off” Agreement
	  	13
	1.16	  	 Termination of Registration Rights
	  	13
			
	ARTICLE II	  	 COVENANTS OF THE COMPANY
	  	14
			
	2.1	  	 Delivery of Financial Statements
	  	14
	2.2	  	 Inspection
	  	14
	2.3	  	 Termination of Covenants
	  	15
	2.4	  	 Right of First Offer on the Shares
	  	15
	2.5	  	 Right of First Offer on Vested Common Stock
	  	17
			
	ARTICLE III	  	 MISCELLANEOUS
	  	17
			
	3.1	  	 Successors and Assigns
	  	17
	3.2	  	 Governing Law
	  	17
	3.3	  	 Counterparts
	  	18
	3.4	  	 Titles and Subtitles
	  	18
	3.5	  	 Notices
	  	18
	3.6	  	 Expenses
	  	18
	3.7	  	 Amendments and Waivers
	  	18
	3.8	  	 Severability
	  	18
	3.9	  	 Aggregation of Stock
	  	18
	3.10	  	 Entire Agreement
	  	18
	3.11	  	 Prior Agreement
	  	19
	3.12	  	 Series A-1, Series B-1 and Series C-1 Preferred Stock
	  	19
	3.13	  	 Additional Parties
	  	19
	3.14	  	 Amended and Restated Stock Transfer Agreement
	  	19
	Schedule A	  	 Schedule of Investors
	  	 
	Schedule B	  	 Schedule of Founders
	  	 

  

 -i- 

 AMENDED AND RESTATED 
 INVESTORS’ RIGHTS AGREEMENT 
  
 THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT is made as of the 22nd day of December, 1999, by and among GWcom, Inc., a Delaware corporation (the “Company”), the investors listed on Schedule A hereto, each of
which is herein referred to as an “Investor,” and the founders listed on Schedule B hereto, each of which is herein referred to as a “Founder.” 
  
 RECITALS 
  
 WHEREAS, certain of the Investors (the “Existing Investors”) and the Founders possess various registration rights, information rights, rights of
first offer, and other rights granted pursuant to that certain Investors’ Rights Agreement, dated as of December 3, 1998 (the “Prior Agreement”), by and among the Company and the Investors and Founders (as defined therein);

  
 WHEREAS, certain of the Investors (the “Series E
Investors”) are purchasing from the Company, and the Company is selling to such Investors, shares of the Company’s Series E Preferred Stock (the “Series E Preferred Stock”), pursuant to the terms and conditions set forth in that
certain Series E Preferred Stock Purchase Agreement of even date herewith (the “Series E Agreement”); 
  
 WHEREAS, in order to induce the Company to enter into the Series E Agreement and to induce the Series E Investors to invest funds in the Company pursuant
to the Series E Agreement, the Company and other parties to the Prior Agreement desire to terminate the Prior Agreement and to accept the rights created pursuant hereto in lieu of the rights granted to them under the Prior Agreement, and this
Agreement shall govern the rights and obligations of all of the Investors and Founders with respect to the matters addressed herein; and 
  
 WHEREAS, the Series E Investors and the Company have agreed, pursuant to the Series E Agreement, to enter into this Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants set
forth herein, the Company, the Existing Investors and the Founders hereby agree that the Prior Agreement shall be superseded and replaced in its entirety by this Agreement, and the parties hereto further agree as follows: 
  
 ARTICLE I 
  
 REGISTRATION RIGHTS 
  
 The Company covenants and agrees as follows: 
  
 1.1 Definitions. For purposes of this Section 1: 
  
 (a) The term “Act” means the Securities Act of 1933, as amended. 
  

 (b) The term “Form S-3” means such form under the Act as in effect on the date
hereof or any registration form under the Act subsequently adopted by the SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
  
 (c) The term “Founders” includes the persons as
set forth on Schedule B hereto, each of which is, for purposes of Section 1 of this Agreement, but not for purposes of any other section of this Agreement, herein referred to as an “Investor.” 
  
 (d) The term “Holder” means any person owning or
having the right to acquire Registrable Securities or any assignee thereof in accordance with Section 1.13 hereof. 
  
 (e) The term “1934 Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 (f) The term “register,” “registered,”
and “registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or
document. 
  
 (g) The term “Registrable
Securities” means (i) the Common Stock issuable or issued upon conversion of the Series A, Series B, Series C, Series D or Series E Preferred Stock, and (ii) any Common Stock of the Company issued as (or issuable upon the conversion or exercise
of any 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 shares referenced in (i) above, excluding in all cases, however, any Registrable Securities
sold by a person in a transaction in which his rights under this Section 1 are not assigned. 
  
 (h) The number of shares of “Registrable Securities then outstanding” shall be determined by the number of shares of Common
Stock outstanding that are, and the number of shares of Common Stock issuable pursuant to then exercisable or convertible securities that are, Registrable Securities. 
  
 (i) The term “SEC” shall mean the Securities and Exchange Commission. 
  
 (j) The term “Series A Preferred Stock” shall
refer to and include the Company’s Series A-1 Preferred Stock. 
  
 (k) The term “Series B Preferred Stock” shall refer to and include the Company’s Series B-1 Preferred Stock. 
  
 (l) The term “Series C Preferred Stock” shall refer to and include the Company’s Series C-1 Preferred Stock. 
  

 -2- 

 (m) The term “Series D Preferred Stock” shall refer to and include the
Company’s Series D Preferred Stock. 
  
 1.2 Request for
Registration. 
  
 (a) If the Company shall
receive at any time after the earlier of (i) December 22, 2003 or (ii) six (6) months after the effective date of the first registration statement for a public offering of securities of the Company (other than a registration statement relating
either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase or similar plan or a SEC Rule 145 transaction), a written request from the Holders of at least thirty percent (30%) of the Registrable Securities
then outstanding that the Company file a registration statement under the Act covering the registration of registrable securities with an aggregate gross offering price of at least $7,500,000, then the Company shall: 
  
 A. within ten (10) days of the receipt thereof, give written
notice of such request to all Holders; and 
  
 B.
use its best efforts to effect as soon as practicable, and in any event within ninety (90) days of the receipt of such request, the registration under the Act of all Registrable Securities that the Holders request to be registered, subject to the
limitations of subsection 1.2(b), within twenty (20) days of the mailing of such notice by the Company in accordance with Section 3.5. 
  
 (b) If the Holders initiating the registration request hereunder (“Initiating Holders”) intend to distribute the Registrable
Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to subsection 1.2(a) and the Company shall include such information in the written notice referred to in
subsection 1.2(a). The underwriter will be selected by the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include his Registrable Securities in such
registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the
Initiating Holders and such Holder) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in subsection 1.4(e)) enter into an underwriting agreement
in customary form with the underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Initiating Holders in writing that marketing factors require a limitation
of the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto, and the number of shares of Registrable Securities that may be
included in the underwriting shall be allocated among all Holders thereof, including the Initiating Holders, in proportion (as nearly as practicable) to the amount of Registrable Securities of the Company owned by each Holder; provided, however,
that the number of shares of Registrable Securities to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. 
  

 -3- 

 (c) Notwithstanding the foregoing, if the Company shall furnish to Holders requesting a
registration statement pursuant to this Section 1.2, a certificate signed by the President of the Company 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 filed and it is therefore essential to defer the filing of such registration statement, the Company shall have the right to defer taking action with respect to such filing for a period of not more
than one hundred twenty (120) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve month period. 
  
 (d) In addition, the Company shall not be obligated to
effect, or to take any action to effect, any registration pursuant to this Section 1.2: 
  
 (i) After the Company has effected two (2) registrations pursuant to this Section 1.2 and such registrations have been declared or ordered
effective; 
  
 (ii) During the period starting
with the date sixty (60) days prior to the Company’s good faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of, a registration subject to Section 1.3 hereof; provided that the
Company is actively employing in good faith all reasonable efforts to cause such registration statement to become effective; or 
  
 (iii) If the Initiating Holders propose to dispose of shares of Registrable Securities that may be immediately registered on Form S-3
pursuant to a request made pursuant to Section 1.12 below. 
  
 (e) The Founders shall not have any demand registration rights pursuant to this Section 1.2. 
  
 1.3 Company Registration. If (but without any obligation to do so) the Company proposes to register (including for this purpose a registration
effected by the Company for stockholders other than the Holders) any of its stock or other securities under the Act in connection with the public offering of such securities solely for cash (other than a registration relating solely to the sale of
securities to participants in a Company stock plan, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities
or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered), the Company shall, at such time, promptly give each Holder and Founder written notice of
such registration. Upon the written request of each Holder and Founder given within twenty (20) days after mailing of such notice by the Company in accordance with Section 3.5, the Company shall, subject to the provisions of Section 1.8, cause to be
registered under the Act all of the Registrable Securities (or Common Stock, in the case of a Founder) that each such Holder and Founder has requested to be registered. 
  

 -4- 

 1.4 Obligations of the Company. Whenever required under this Section 1 to effect the registration
of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
  
 (a) Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause
such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder and/or the Founders, as the case may be, keep such registration statement effective for a period
of up to one hundred twenty (120) days or until the distribution contemplated in the Registration Statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the
period the Holder or Founder, as the case may be, refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company; and (ii) in the case of any registration of
Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, such one hundred twenty (120) day period shall be extended, if necessary, to keep the registration statement effective until all such Registrable
Securities are sold, provided that Rule 415, or any successor rule under the Act, permits an offering on a continuous or delayed basis, and provided further that applicable rules under the Act governing the obligation to file a post-effective
amendment permit, in lieu of filing a post-effective amendment that (I) includes any prospectus required by Section 10(a)(3) of the Act or (II) reflects facts or events representing a material or fundamental change in the information set forth in
the registration statement, the incorporation by reference of information required to be included in (I) and (II) above to be contained in periodic reports filed pursuant to Section 13 or 15(d) of the 1934 Act in the registration statement.

  
 (b) Prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered
by such registration statement. 
  
 (c) Furnish
to the Holders and to the underwriters of the securities, such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Act, and such other documents as they may reasonably request in order to
facilitate the disposition of Registrable Securities owned by them. 
  
 (d) Use its best efforts to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders
or the Founders, as the case may be; provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions.

  
 (e) 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 of such offering. Each Holder or Founder, as the case may be, participating in such underwriting shall also
enter into and perform its obligations under such an agreement. 
  

 -5- 

 (f) Notify each Holder of Registrable Securities or Founder, as the case may be, covered
by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 
  
 (g) Cause all such Registrable Securities registered
pursuant to this Section 1 to be listed on each securities exchange or the Nasdaq National Market on which similar securities issued by the Company are then listed. 
  
 (h) Provide a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and
a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 
  
 (i) Use its best efforts to furnish, at the request of any Holder requesting registration of Registrable Securities pursuant to this
Agreement, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration statement pursuant to this Agreement, if such securities are being sold through underwriters, or, if such securities
are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated 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 to the Holders requesting registration of Registrable Securities, and (ii) a letter dated 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, if any, and to the
Holders requesting registration of Registrable Securities. 
  
 1.5
Furnish Information. 
  
 (a) It shall be a
condition precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder or Founder, as the case may be, that such Holder or Founder shall furnish to the
Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be required to effect the registration of such Holder’s Registrable Securities. 
  

 -6- 

 (b) The Company shall have no obligation with respect to any registration requested
pursuant to Section 1.2 or Section 1.12 if, due to the operation of subsection 1.5(a), the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the
number of shares or the anticipated aggregate offering price required to originally trigger the Company’s obligation to initiate such registration as specified in subsection 1.2(a) or subsection 1.12(b)(2), whichever is applicable. 

 
 1.6 Expenses of Demand Registration. All expenses other than
underwriting discounts and commissions incurred in connection with registrations, filings or qualifications pursuant to Section 1.2, including (without limitation) all registration, filing and qualification fees, printers’ and accounting fees,
fees and disbursements of counsel for the Company (including fees and disbursements of counsel for the Company in its capacity as counsel to the selling Holders hereunder; if Company counsel does not make itself available for this purpose, the
Company will pay the reasonable fees and disbursements of one counsel for the selling Holders) shall be borne by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun
pursuant to Section 1.2 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses), unless the
Holders of a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 1.2. 
  
 1.7 Expenses of Company Registration. The Company shall bear and pay all expenses incurred in connection with any registration, filing or
qualification of Registrable Securities with respect to the registrations pursuant to Section 1.3 for each Holder or Founder (which right may be assigned as provided in Section 1.13), including (without limitation) all registration, filing, and
qualification fees, printers and accounting fees relating or apportionable thereto and the fees and disbursements of counsel for the Company in its capacity as counsel to the selling Holders and the Founders hereunder (if Company counsel does not
make itself available for this purpose, the Company will pay the reasonable fees and disbursements of one counsel for the selling Holders and the Founders selected by them), but excluding underwriting discounts and commissions relating to
Registrable Securities. 
  
 1.8 Underwriting Requirements.
In connection with any offering involving an underwriting of shares of the Company’s capital stock, the Company shall not be required under Section 1.3 to include any of the Holders’ or the Founders’ securities in such underwriting
unless they accept the terms of the underwriting as agreed upon between the Company and the underwriters selected by it (or by other persons entitled to select the underwriters), and then only in such quantity as the underwriters determine in their
sole discretion will not jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds the amount of securities sold
other than by the Company that the underwriters determine in their sole discretion is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of such securities, including
Registrable Securities, which the underwriters determine in their sole discretion will not jeopardize the success of the offering (the securities so included to be apportioned pro rata 

  

 -7- 

 
among the selling stockholders according to the total amount of securities entitled to be included therein owned by each selling stockholder or in such other
proportions as shall mutually be agreed to by such selling stockholders) but in no event shall (i) the amount of securities of the selling Holders and the Founders included in the offering be reduced below twenty-five percent (25%) of the total
amount of securities included in such offering, unless such offering is the initial public offering of the Company’s securities, in which case the selling stockholders (including the Holders and Founders) may be excluded entirely if the
underwriters make the determination described above and no other stockholder’s securities are included, or (ii) notwithstanding (i) above, any shares being sold by a stockholder exercising a demand registration right similar to that granted in
Section 1.2 be excluded from such offering. Notwithstanding the above, if the total amount of securities requested by stockholders to be included in such offering exceeds the amount of securities sold other than by the Company that the underwriters
determine in their sole discretion is compatible with the success of the offering, then no individual Founder shall be entitled to include in excess of 15,000 shares (subject to appropriate adjustment for stock splits, stock dividends, combinations
and other recapitalizations) in such offering. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder that is a holder of Registrable Securities and that is a partnership or corporation, the partners,
retired partners and stockholders of such holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “selling
stockholder,” and any pro rata reduction with respect to such “selling stockholder” shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such “selling
stockholder,” as defined in this sentence. 
  
 1.9 Delay
of Registration. No Holder or Founder, as the case may be, shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 1. 
  
 1.10
Indemnification. In the event any Registrable Securities are included in a registration statement under this Section 1: 
  
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, each Founder, any underwriter (as defined in
the Act) for such Holder or Founder and each person, if any, who controls such Holder or Founder or underwriter within the meaning of the Act or the 1934 Act, against any losses, claims, damages, or liabilities (joint or several) to which they may
become subject under the Act, the 1934 Act or other federal or state law, 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
Act, the 1934 Act, any state securities law or any rule or regulation promulgated under the Act, the 1934 Act or any state securities law; and the 

  

 -8- 

 
Company will pay to each such Holder, Founder, underwriter or controlling person 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 subsection 1.10(a) 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), nor shall the Company 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 that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder, underwriter or controlling person.

  
 (b) To the extent permitted by law, each
selling Holder and/or Founder, as the case may be, will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning
of the Act, any underwriter, any other Holder or Founder selling securities in such registration statement and any controlling person of any such underwriter, Founder or other Holder, against any losses, claims, damages, or liabilities (joint or
several) to which the Company (or any director, officer, controlling person), or underwriter (or controlling person), Holder (or director, officer, general partner or controlling person thereof), or Founder may become subject, under the Act, the
1934 Act or other federal or state law, 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 Holder or Founder, as the case may be, expressly for use in connection with such registration; and each such Holder or Founder, as the case may be, will pay, as
incurred, any legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to this subsection 1.10(b), in connection with investigating or defending any such loss, claim, damage, liability, or action; provided,
however, that the indemnity agreement contained in this subsection 1.10(b) 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 Holder or
Founder, as the case may be, which consent shall not be unreasonably withheld; provided, that, in no event shall any indemnity under this subsection 1.10(b) exceed the net proceeds from the offering received by such Holder or Founder, as the case
may be. 
  
 (c) Promptly after receipt by an
indemnified party under this Section 1.10 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
1.10, 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 mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel)
shall have the right to retain one separate 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 

  

 -9- 

 
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, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 1.10, 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 1.10. 
  

(d) If the indemnification provided for in this Section 1.10 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claims damage, or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection
with the statements or omissions that resulted in such loss, liability, claim, damage, or expense as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined
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. 
  
 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 
  
 (f) The obligations of the Company, Holders and Founders under this Section 1.10 shall survive the
completion of any offering of Registrable Securities in a registration statement under this Section 1, and otherwise. 
  
 1.11 Reports Under Securities Exchange Act of 1934. With a view to making available to the Holders the benefits of Rule 144 promulgated under the
Act and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to: 
  
 (a) make and keep public information available, as those
terms are understood and defined in SEC Rule 144, at all times after the effective date of the first registration statement filed by the Company for the offering of its securities to the general public; 
  
 (b) take such action, including the voluntary registration
of its Common Stock under Section 12 of the 1934 Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which
the first registration statement filed by the Company for the offering of its securities to the general public is declared effective; 
  

 -10- 

 (c) file with the SEC in a timely manner all reports and other documents required of the
Company under the Act and the 1934 Act; and 
  
 (d) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety
(90) days after the effective date of the first registration statement filed by the Company), the Act and the 1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities
may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be
reasonably requested in availing any Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to such form. 
  
 1.12 Form S-3 Registration. In case the Company shall receive a written request or requests from a Holder or Holders
of at least twenty percent (20%) of the Registrable Securities that the Company effect a registration on Form S-3 and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or
Holders, the Company will: 
  
 (a) promptly give
written notice of the proposed registration, and any related qualification or compliance, to all other Holders; and 
  
 (b) as soon as practicable, effect such registration and all such qualifications and compliances as may be so requested and as would
permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder
or Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any such
registration, qualification or compliance, pursuant to this Section 1.12: (1) if Form S-3 is not available for such offering by the Holders; (2) if the Holders, together with the holders of any other securities of the Company entitled to inclusion
in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $500,000; (3) if the Company shall furnish to
the Holders a certificate signed by the President of the Company 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 Form S-3 Registration
to be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than sixty (60) days after receipt of the request of the Holder or Holders under this
Section 1.12; provided, however, that the Company shall not utilize this right more than once in any twelve month period; (4) if the Company has, within the twelve (12) month period preceding the date of such request, already effected one (1)
registration on Form S-3 for the Holders pursuant to this Section 1.12; or (5) in any particular jurisdiction in which the Company would be required to 

  

 -11- 

 
qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 
  
 (c) Subject to the foregoing, the Company shall file a
registration statement covering the Registrable Securities and other securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holder or Holders. All expenses incurred in connection with a
registration requested pursuant to Section 1.12, including (without limitation) all registration, filing, qualification, printer’s and accounting fees and the reasonable fees and disbursements of counsel for the selling Holder or Holders and
counsel for the Company, but excluding any underwriters’ discounts or commissions associated with Registrable Securities, shall be borne by the Company for the first four (4) Form S-3 Registrations. Thereafter, all expenses, including any
underwriters’ discounts and commissions associated with the Registrable Securities shall be borne pro rata by the Holder or Holders participating in the Form S-3 Registration. Registrations effected pursuant to this Section 1.12 shall not be
counted as demands for registration or registrations effected pursuant to Sections 1.2 or 1.3, respectively. 
  
 (d) The Founders shall not have any S-3 registration rights pursuant to this Section 1.12. 
  
 1.13 Assignment of Registration Rights. The rights to cause the
Company to register Registrable Securities (or Common Stock in the case of the Founders) pursuant to this Section 1 may be assigned (but only with all related obligations) by a Holder or a Founder, as the case may be, to a transferee or assignee of
such securities who, after such assignment or transfer, holds at least 100,000 shares of Registrable Securities or Common Stock (subject to appropriate adjustment for stock splits, stock dividends, combinations and other recapitalizations),
provided: (a) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned;
(b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including without limitation the provisions of Section 1.15 below; and (c) such assignment shall be effective only if
immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Act. For the purposes of determining the number of shares of Registrable Securities held by a transferee or
assignee, the holdings of transferees and assignees of a partnership who are partners or retired partners of such partnership (including spouses and ancestors, lineal descendants and siblings of such partners or spouses who acquire Registrable
Securities by gift, will or intestate succession) shall be aggregated together and with the partnership; provided that all assignees and transferees who would not qualify individually for assignment of registration rights shall have a single
attorney-in-fact for the purpose of exercising any rights, receiving notices or taking any action under this Section 1. 
  
 1.14 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written
consent of Holders of a majority of the Registrable Securities then outstanding enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder (a) to 

  

 -12- 

 
include such securities in any registration filed under Section 1 hereof, unless under the terms of such agreement, such holder or prospective holder may
include such securities in any such registration only to the extent that the inclusion of his securities will not reduce the amount of the Registrable Securities of the Holders that is included or (b) to participate in a registration that could
result in such registration statement being declared effective prior to the earlier of either of the applicable dates set forth in this Section 1 or within one hundred twenty (120) days of the effective date of any registration effected pursuant to
Section 1. 
  
 1.15 “Market Stand-Off” Agreement.
Each Investor hereby agrees that, during the period of duration specified by the Company and an underwriter of common stock or other securities of the Company, following the effective date of a registration statement of the Company filed under the
Act, it shall not, to the extent requested by the Company and such underwriter, directly or indirectly sell, offer to sell, contract to sell (including, without limitation, any short sale), grant any option to purchase or otherwise transfer or
dispose of (other than to donees who agree to be similarly bound) any securities of the Company held by it at any time during such period except common stock included in such registration; provided, however, that: 
  
 (a) such agreement shall be applicable only until the end of
the two-year period following the effective date of a registration statement referenced in Section 1.2(a)(ii), or until the first two (2) registration statements of the Company have become effective, whichever occurs earlier; and 
  
 (b) all officers and directors of the Company and all other
persons with registration rights (whether or not pursuant to this Agreement) enter into similar agreements; and 
  
 (c) such market stand-off time period shall not exceed one hundred eighty (180) days. 
  
 In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to the Registrable Securities and other shares of Common Stock of each Investor (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period.

  
 1.16 Termination of Registration Rights. The rights to
cause the Company to register securities granted to Holders and Founders pursuant to this Section 1 shall terminate as to any Holders or Founders, as the case may be, on the earlier of (i) six (6) years following the consummation of the
Company’s initial public offering or (ii) at such time that all shares of Registrable Securities and other Common Stock held or entitled to be held upon conversion by such Investor may immediately be sold under Rule 144 during any ninety (90)
day period. 
  

 -13- 

 ARTICLE II 
  
 COVENANTS OF THE COMPANY 
  
 2.1 Delivery of Financial Statements. The Company shall deliver to each Investor: 
  
 (a) holding at least 800,000 shares of Preferred Stock (including any shares of Common Stock issued upon the
conversion of such Preferred Stock), as soon as practicable, but in any event within one hundred twenty (120) days after the end of each fiscal year of the Company, an income statement for such fiscal year, a balance sheet of the Company and
statement of stockholder’s equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting principles
(“GAAP”), and audited and certified by independent public accountants of nationally recognized standing selected by the Company; 
  
 (b) holding at least 800,000 shares of Preferred Stock (including any shares of Common Stock issued upon the conversion of such Preferred
Stock), as soon as practicable, but in any event within forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, an unaudited income statement, statement of cash flows for such fiscal quarter and
an unaudited balance sheet and a statement of stockholder’s equity as of the end of such fiscal quarter and a statement showing the number of shares of each class and Series of capital stock and securities convertible into or exercisable for
shares of capital stock outstanding at the end of the period, the number of common shares issuable upon conversion or exercise of any outstanding securities convertible or exercisable for common shares and the exchange ratio or exercise price
applicable thereto, all in sufficient detail as to permit the Investor to calculate its percentage equity ownership in the Company; 
  
 (c) holding at least 800,000 shares of Preferred Stock (including any shares of Common Stock issued upon the conversion of such Preferred
Stock), as soon as practicable, but in any event at least thirty (30) days after the end of each fiscal year, a budget and business plan for the next fiscal year; 
  
 (d) with respect to the financial statements called for in subsection (b) of this Section 2.1, an instrument
executed by the Chief Financial Officer or President of the Company certifying that such financials were prepared in accordance with GAAP consistently applied with prior practice for earlier periods (with the exception of footnotes that may be
required by GAAP) and fairly present the financial condition of the Company and its results of operation for the period specified, subject to year-end audit adjustment; and 
  
 (e) such other information relating to the financial condition, business, prospects or corporate affairs of
the Company as the Investor or any assignee of the Investor may from time to time request, provided, however, that the Company shall not be obligated under this subsection (e) or any other subsection of Section 2.1 to provide information that it
deems in good faith to be a trade secret or similar confidential information. 
  
 2.2 Inspection. The Company shall permit each Investor holding at least 800,000 shares of Preferred Stock (including any shares of Common Stock issued upon the conversion of such Preferred Stock), at such
Investor’s expense, to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be
requested by the Investor; provided, 

  

 -14- 

 
however, that the Company shall not be obligated pursuant to this Section 2.2 to provide access to any information that it reasonably considers to be a trade
secret or similar confidential information. 
  
 2.3 Termination
of Covenants. The covenants set forth in Section 2.1, Section 2.2, Section 2.4 and Section 2.5 shall terminate as to Investors and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the
Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public is consummated, when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of
the 1934 Act, or upon the consummation of a sale or transfer of a substantial portion of the assets or stock of the Company to a third party, whichever event shall first occur. 
  
 2.4 Right of First Offer on the Shares. Subject to the terms and conditions specified in this Section 2.4, the
Company hereby grants to each Investor a right of first offer with respect to future sales by the Company or any of its subsidiaries of its Shares (as hereinafter defined). For purposes of this Section 2.4, Investor includes any general partners and
affiliates of an Investor. An investor shall be entitled to apportion the right of first offer hereby granted it among itself and its partners and affiliates in such proportions as it deems appropriate. 
  
 Each time the Company or any of its subsidiaries proposes to offer any shares
of, or securities convertible into or exercisable for any shares of, any class of its capital stock (“Shares”), the Company shall, and shall cause its subsidiary to, first make an offering of such Shares to each Investor in accordance with
the following provisions: 
  
 (a) The Company
shall deliver a notice by certified mail (“Notices”) to the Investors stating (i) its, or its subsidiary’s, bona fide intention to offer such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms, if any,
upon which it, or its subsidiary, proposes to offer such Shares. 
  
 (b) By written notification received by the Company within twenty (20) calendar days after receipt of the Notice, the Investor may elect to purchase or obtain, at the price and on the terms specified in the Notice, up
to that portion of such Shares that equals the proportion that the number of shares of Common Stock issued and held, or issuable upon conversion of the Preferred Stock then held, by such Investor bears to the total number of shares of Common Stock
of the Company then outstanding (assuming full conversion, exercise or exchange of all outstanding convertible, exercisable or exchangeable securities). 
  
 (c) If all Shares referred to in the Notice that Investors are entitled to obtain pursuant to subsection 2.4(b) are not elected to be
obtained as provided in subsection 2.4(b) hereof, the Company, or its subsidiary, may, during the thirty (30) day period following the expiration of the period provided in subsection 2.4(b) hereof, offer the remaining unsubscribed portion of such
Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the Notice. If the Company, or its subsidiary, does not enter into an agreement for the sale of the Shares within such
period, or if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be 

  

 -15- 

 
revived and such Shares shall not be offered unless first reoffered to the Investors in accordance herewith. 
  
 (d) The right of first offer in this paragraph 2.4 shall not
be applicable (i) to the issuance or sale after the date of this Agreement of up to 4,954,889 shares (as adjusted for subsequent stock splits, stock dividends, recapitalizations and the like) of Common Stock or options therefor (excluding any shares
of Common Stock issued upon exercise of options (including, but not limited to, outstanding options), excluding any shares of Common Stock issued after the date of this Agreement that are repurchased at cost upon termination of the holder’s
service relationship with the Company and excluding any cancelled options, irrespective of whether such cancelled options were issued before, on or after the date of this Agreement), pursuant to any agreement, plan or arrangement approved by the
Board of Directors of the Company, to officers, employees or directors of, or consultants to, the Company, for the primary purpose of soliciting or retaining their employment or services; provided that the foregoing number of shares shall be
increased by (A) the number of shares of Common Stock that were outstanding prior to the date of this Agreement and that are repurchased by the Company at cost upon termination of the holder’s service relationship with the Company and (B) the
number of shares of Common Stock that are held by an employee or other service provider (or entity that is affiliated with an employee or other service provider) of the Company upon the termination of the holder’s service relationship with the
Company; (ii) to or after the consummation of a bona fide, firmly underwritten public offering of shares of Common Stock, registered under the Act pursuant to a registration statement on Form S-1 or Form SB-2; (iii) to securities issued pursuant to
the conversion or exercise of convertible or exercisable securities; (iv) to the issuance of securities in connection with a bona fide business acquisition of or by the Company, whether by merger, consolidation, sale of assets, sale or exchange of
stock or otherwise; (v) to the issuance of stock, warrants or other securities or rights to persons or entities with which the Company has business relationships, provided such issuances are for purposes other than primarily equity financing for the
Company; (vi) to the issuance of Common Stock as a stock dividend or upon any subdivision or combination of shares of Common Stock; (vii) to the issuance of additional shares of Series E Preferred Stock; (viii) to the issuance of Common Stock or
shadow Preferred Stock upon conversion of existing Preferred Stock; (ix) to the issuance of up to 898,818 shares (as adjusted for subsequent stock splits, stock dividends, recapitalizations and the like) of Common Stock or securities exercisable
for, exchangeable for or convertible into shares of Common Stock in connection with a bona fide equipment lease financing or the incurrence by the Company of any indebtedness for money borrowed; or (x) to any issuance of securities of the Company as
to which the rights of first offer under this Section 2.4 have been waived in writing pursuant to Section 3.7 hereof. 
  
 (e) The right of first refusal set forth in this Section 2.4 may not be assigned or transferred, except that (i) such right is assignable
by each Holder to any wholly owned subsidiary or parent of, or to any corporation or entity that is, within the meaning of the Act, controlling, controlled by or under common control with, any such Holder, and (ii) such right is assignable between
and among any of the Holders. 
  

 -16- 

 2.5 Right of First Offer on Vested Common Stock. In the event that a holder of Common Stock
proposes to sell, pledge, or otherwise transfer any such shares or any interest in such shares to any person or entity (“Vested Shares”) and to the extent that the Company elects not to exercise its right of first refusal as set forth in
the stock purchase and restrictions agreement related thereto, the Company, to the extent it can contractually do so, hereby grants to each Investor such right of first refusal in accordance with the following provisions: The Company, on behalf of
any holder of the Vested Shares desiring to transfer the Vested Shares or any interest in the Vested Shares, shall give a written notice to the Investors describing the proposed transfer, including the number of Vested Shares proposed to be
transferred, the price and terms at which such Vested Shares are proposed to be transferred, and the name and address of the proposed transferee. Unless otherwise agreed by the Investors and the holder of such Vested Shares, purchases under this
Section shall be at the proposed price and terms, including the number of Vested Shares to be purchased, specified in the notice to the Investor. Each Investor shall be entitled to purchase up to that portion of such Vested Shares that equals the
proportion that the number of shares of Common Stock issued and held, or issuable upon conversion of Preferred Stock then held, by such Investor bears, to the total number of shares of Common Stock of the Company then issued and outstanding
(assuming full conversion, exercise or exchange of all outstanding convertible, exercisable or exchangeable securities). The Investor’s rights under this Section shall be freely assignable. If the Investor fails to exercise its right of first
refusal within thirty (30) days from the date on which the Investor receives the stockholder’s notice, the stockholder may, within the next ninety (90) days, conclude a transfer to the proposed transferee of the exact number of Vested Shares
covered by that notice on terms not more favorable to the transferee than those described in the notice. Any subsequent proposed transfer shall again be subject to the Investor’s right of first refusal. If the Investor exercises its right of
first refusal, the stockholder shall endorse and deliver to the Investor the stock certificates representing the Vested Shares being purchased (unless such stock certificates are being held by the Investor in pledge pursuant to this Agreement) and
the Investor shall promptly pay the stockholder the total purchase price. The holder of the Vested Shares being purchased shall cease to have any rights with respect to such Vested Shares immediately upon receipt of the purchase price. 

 
 ARTICLE III 
  
 MISCELLANEOUS 
  
 3.1 Successors and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties (including transferees of any shares of Registrable Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or
their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 
  
 3.2 Governing Law. This Agreement shall be governed by and construed under the laws of the State of California as
applied to agreements among California residents entered into and to be performed entirely within California. 
  

 -17- 

 3.3 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 3.4 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
  
 3.5 Notices. Unless otherwise provided, any notice required or
permitted under this Agreement shall be given in writing and shall be deemed effectively given upon personal delivery to the party to be notified or upon delivery by facsimile transmission to the party to be notified or upon deposit with the United
States Post Office, by registered or certified mail, postage prepaid and addressed to the party to be notified at the address indicated for such party on the signature page hereof, or at such other address as such party may designate by ten (10)
days’ advance written notice to the other parties. 
  
 3.6
Expenses. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any
other relief to which such party may be entitled. 
  
 3.7
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written
consent of the Company and the holders of two-thirds of the Registrable Securities then outstanding; provided, however, that in the event such amendment or waiver adversely affects the rights and/or obligations of the Founders under this Agreement
in a different manner than the other Holders, such amendment or waiver shall also require the written consent of holders of a majority of the Common Stock held by the Founders then employed by the Company. Any amendment or waiver effected in
accordance with this paragraph shall be binding upon each holder of any Registrable Securities then outstanding, each future holder of all such Registrable Securities, each Founder and the Company. 
  
 3.8 Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

  
 3.9 Aggregation of Stock. All shares of Registrable
Securities held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
  
 3.10 Entire Agreement. This Agreement (including the Exhibits hereto, if any) constitutes the full and entire
understanding and agreement between the parties with regard to the subjects hereof and thereof, and no party shall be liable or bound to any other party in any manner by any representations, warranties, covenants, or agreements except as
specifically set forth herein. This Agreement supersedes and replaces any prior agreements, written or oral, among the parties hereto relating to the subject matter hereof, including the Prior Agreement. Nothing in this Agreement, 

  

 -18- 

 
express or implied, is intended to confer upon any party, other than the parties hereto and their respective successors and assigns, any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided herein. 
  
 3.11 Prior Agreement. The Prior Agreement is hereby superseded in its entirety and shall be of no further force or effect. 
  
 3.12 Series A-1, Series B-1 and Series C-1 Preferred Stock. For
purposes of this Agreement, the term “Series A Preferred Stock” shall refer to and include the Series A-1 Preferred Stock, the term “Series B Preferred Stock” shall refer to and include the Series B-1 Preferred Stock, and the
term “Series C Preferred Stock” shall refer to and include the Series C-1 Preferred Stock. 
  
 3.13 Additional Parties. In the event of a subsequent closing with an investor as provided for in Section 1.3 of the Series E Agreement, such
investor shall become a party to this Agreement as an “Investor” upon receipt from such investor of a fully executed signature page. 
  
 3.14 Amended and Restated Stock Transfer Agreement. The Company, the Founders and certain of the Existing Investors entered into that certain
Amended and Restated Stock Transfer Agreement dated August 6, 1997 (the “Stock Transfer Agreement”). The Stock Transfer Agreement can be amended only by the written consent of (i) as to the Company, only by the Company, (ii) as to those of
the Existing Investors who are parties to the Stock Transfer Agreement, a majority of such Existing Investors and (iii) as to each Founder, such Founder. The termination of the Stock Transfer Agreement effected by this Section 3.14 is binding on all
such parties. The parties to this Agreement agree that the Stock Transfer Agreement is hereby recinded in its entirety and shall be of no further force or effect and that no party hereto or thereto shall exercise any rights under the Stock Transfer
Agreement at any time in the future. 
  

 -19- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
	 	 	COMPANY:
		
	 	 	 GWCOM, INC.

			
	 	 	By:	 	 /s/ Raymond Chin

	 	 	 	 	 Raymond Chin, Chief Executive Officer

		
	 Address:
	 	 3141 Coronado Drive
 Santa Clara, California 95054

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	INVESTORS:
		
	 	 	 OSE,INC.

			
	 	 	By:	 	 /s/ [Signature Illegible]

	 	 	 Title:
	 	 President

		
	 Address:
	 	 2700 Augustine Drive, No. 140
 Santa Clara, CA 95054

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 MKGVD FUND, a California Limited
 Partnership

			
	 	 	 By:
	 	 MK Global Management, General Partner

			
	 	 	By:	 	 /s/ Greg Lahann

	 	 	 	 	 Greg Lahann, General Partner

		
	 Address:
	 	 2471 East Bayshore Road, Suite 520
 Palo Alto, California 94303

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	TONG YANG CEMENT CORPORATION
			
	 	 	By:	 	 /s/ Joon K. Kwag

	 	 	 	 	 Joon K. Kwag, Chief Representative

		
	 Address:
	 	 185 Ulchiro 2-ga, Chung-gu
 Seoul, 100-192, KOREA

		
	 	 	 TONG YANG VENTURE CAPITAL

			
	 	 	By:	 	 /s/ Joon K. Kwag

	 	 	 	 	 Joon K. Kwag, Chief Representative

		
	 	 	 TAURUS CAPITAL I, L.P.

			
	 	 	By:	 	 /s/ Joon K. Kwag

	 	 	 	 	 Joon K. Kwag, Chief Representative

		
	 Address:
	 	 185 Ulchiro 2-ga, Chung-gu
 Seoul, 100-192, KOREA

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 INSTITUTIONAL VENTURE PARTNERS VI
 by its Managing General Partner
 Institutional Venture Management VI

			
	 	 	By:	 	 /s/ Norman A. Fogelsong

	 	 	 	 	 Norman A. Fogelsong

		
	 	 	 IVP FOUNDERS FUND I, L.P.
 by its Managing
General Partner Institutional Venture Management VI

			
	 	 	By:	 	 /s/ Norman A. Fogelsong

	 	 	 	 	 Norman A. Fogelsong

		
	 	 	INSTITUTIONAL VENTURE MANAGEMENT VI
			
	 	 	By:	 	 /s/ Norman A. Fogelsong

	 	 	 	 	 Norman A. Fogelsong

		
	 Address:
	 	 3000 Sand Hill Road, Bldg. 2, Suite 290
 Menlo Park, California 94025

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 ALPINE TECHNOLOGY VENTURES, L.P.

			
	 	 	 By:
	 	Alpine Technology Ventures
			
	 	 	By:	 	 /s/ David [Signature Illegible]

	 	 	 	 	 General Partner

		
	 Address:
	 	 20300 Stevens Creek Blvd., Suite 495
 Cupertino, California 95014

		
	 	 	 ALPINE TECHNOLOGY VENTURES II, L.P.

			
	 	 	 By:
	 	Alpine Technology Ventures II
			
	 	 	 By:
	 	/s/ David [Signature Illegible]
	 	 	 	 	General Partner
		
	 	 	 ALPINE TECHNOLOGY VENTURES

			
	 	 	 By:
	 	Alpine Technology Ventures
			
	 	 	 By:
	 	 
	 	 	 	 	General Partner
		
	 Address:
	 	 20300 Stevens Creek Blvd., Suite 495
 Cupertino, California 95014

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 INTERNATIONAL NETWORK CAPITAL LDC

		
	 	 	 By: International Network Capital LDC

			
	 	 	By:	 	 /s/ Peter Liu

	 	 	 	 	 Peter Liu, Chairman

		
	 Address:
	 	 50 California Street, Suite 2920
 San Francisco, California 94111

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 INTEL CORPORATION

			
	 	 	 By:
	 	 
			
	 	 	 Title:
	 	 
		
	 Address:
	 	 2200 Mission College Blvd.
 Santa Clara, California 95052

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 ALTOS VENTURES I L.P.

			
	 	 	 By:
	 	 /s/ Han Kim

	 	 	 	 	 Han Kim, General Partner

		
	 Address:
	 	2882 Sand Hill Road, Suite 100 Menlo Park, California 94025

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 PTV CHINA, INC.

			
	 	 	 By:
	 	 /s/ Quan Zhou

	 	 	 Title:
	 	 President

		
	 Address:
	 	 One Exeter Plaza
 Penthouse Suite

Boston, MA 02116

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	SOUTH EAST SODA MANUFACTURING CO., LTD.
			
	 	 	 By:
	 	 
	 	 	 Title:
	 	 
		
	 Address:
	 	 23 F., No. 99, Tun Han S. Rd. Sec. 2
 Taipei,
Taiwan

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	PAN AMERASIA VENTURE ENTERPRISES, INC.
			
	 	 	 By:
	 	 /s/ [Signature Illegible] Wang

	 	 	 Title:
	 	 President

		
	 Address:
	 	 445 S. Figueroa Street, Suite 2900
 Los
Angeles, California 90071

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	SHEAU-MING SAMUEL AND KEH-YUNG CAROLYN LIU 1990 FAMILY TRUST
		
	 	 	 
	 	 	 Sheau-ming Samuel Liu, Trustee

		
	 	 	 
	 	 	 Keh-Yung Carolyn Liu, Trustee

		
	 Address:
	 	 26550 Ascension Drive
 Los Altos Hills, CA
94022

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	FU-YUAN LIN AND JYH-HUEY LIN LIVING TRUST
		
	 	 	 
	 	 	 Fu-Yuan Lin, Trustee

		
	 	 	 
	 	 	 Jyh-Huey Lin, Trustee

		
	 Address:
	 	 7527 Donegal Drive
 Cupertino, CA
95014

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	CMC MAGNETICS CORPORATION
			
	 	 	By:	 	 
			
	 	 	 Title:
	 	 
		
	 Address:
	 	 4th
Floor, 104 Ming Chuan W. Road
 Min-Der Building
 Taipei, Taiwan,
R.O.C.

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 JK&B CAPITAL, L.P.
 by JK&B
Management, LLC, its General Partner

			
	 	 	 By:
	 	 /s/ David Kronfeld

	 	 	 Title:
	 	 Manager

		
	 Address:
	 	205 N. Michigan Avenue, Suite 808 Chicago, IL 60601

  

					
	 	 	 JK&B CAPITAL II, L.P.
 by JK&B
Management, LLC, its General Partner

			
	 	 	 By:
	 	 /s/ David Kronfeld

	 	 	 Title:
	 	 Manager

		
	 Address:
	 	205 N. Michigan Avenue, Suite 808 Chicago, IL 60601

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	J. F. SHEA CO., INC. AS NOMINEE 1999-12
			
	 	 	 By:
	 	 /s/ [Illegible]

	 	 	 Title:
	 	 Vice President

		
	 Address:
	 	 655 Brea Canyon Road
 Walnut, CA
91789

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	GROUP SENSE INVESTMENT LIMITED
			
	 	 	 By:
	 	 /s/ William Lo

	 	 	 Title:
	 	 Director

		
	 Address:
	 	 c/o 27th Floor, Wu Chung House
 213 Queen’s Road East
 Wonchoi, Hong Kong

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	 OASIS ONLINE LIMITED

			
	 	 	By:	 	 /s/ [Illegible]

			
	 	 	 Title:
	 	 
		
	 Address:
	 	 c/o New World Infrastructure Limited
 33/F
New World Tower
 18 Queen’s Road Central
 Hong
Kong

  

					
	 	 	 WS INVESTMENTS 99B

			
	 	 	By:	 	 /s/ Jeffrey D. Saper

			
	 	 	 Title:
	 	 
		
	 Address:
	 	 Wilson Sonsini Goodrich & Rosati, P.C.
 650 Page Mill Road
 Palo Alto, CA 94304

  

					
	 	 	JEFFREY D. SAPER AND VIVIAN E. SAPER TRUST UA 03-14-85, FBO FAMILY TRUST
			
	 	 	By:	 	 /s/ Jeffrey D. Saper /s/ Vivian Saper

			
	 	 	 Title:
	 	 
		
	 Address:
	 	 4184 Old Adobe Road
 Palo Alto, CA
94306-3732

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	
	 /s/ Selim Day

	 Selim Day

  

	
	
	 /s/ Laura Malinasky

	 Laura Malinasky

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
		
	 	 	/s/ Seungjin Whang
	 	 	 Seungjin Whang

		
	 Address:
	 	 24 Ryan Court
 Stanford, California
94305

  

					
		
	 	 	/s/ Paul E. Collins 12/16/99
	 	 	 Paul E. Collins

		
	 Address:
	 	 94 Seaview Avenue
 Monmouth Beach, New Jersey
07750

  

					
		
	 	 	/s/ Marjorie Tsai Collins
	 	 	 Marjorie Tsai Collins

		
	 Address:
	 	 94 Seaview Avenue
 Monmouth Beach, New Jersey
07750

  

					
		
	 	 	 
	 	 	 Ray Stata

		
	 Address:
	 	 Analog Devices, Inc.
 One Technology
Way
 P.O. Box 9106
 Norwood, MA 02062

  

					
		
	 	 	/s/ Albert Yu
	 	 	 Albert Yu

		
	 Address:
	 	 13416 Middle Fork Lane
 Los Altos Hills, CA
94022

  

					
		
	 	 	/s/ Jackson Hseih
	 	 	 Jackson Hseih

		
	 Address:
	 	 7F., No. 80 Sung Chiang Road
 Taipei, Taiwan,
R.O.C

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
			
	 	 	 	 	 
	 	 	 Jih-Jung Chow

		
	 Address:
	 	 218 Chung Hsiao E. Road, Sect. 4, 5/F1.
 Taipei, Taiwan, R.O.C.

  

					
		
	 	 	/s/ Ming Kang Hsu
	 	 	 Ming Kang Hsu

		
	 Address:
	 	 203 Min Tsu St. Shui Li Hsiang
 Nan Tou Hsien

  
  

					
		
	 	 	 
	 	 	 Kong Chung-Han

		
	 Address:
	 	 F-2 No. 10 Lane 484 Sec. 2
 Chung Hwa Road
 Taipei, Taiwan, R.O.C.

  
  

					
		
	 	 	/s/ Tien Shin Chao
	 	 	 Tien Shin Chao

		
	 Address:
	 	 2B, 203-2, Sec. 4, Hsin Yih Road
 Taipei, Taiwan, R.O.C.

  

					
		
	 	 	/s/ Chuang Cheng-I
	 	 	 Chuang Cheng-I

		
	 Address:
	 	 6F 235 Lung Chiang Road
 Taipei, Taiwan, R.O.C.

  

					
		
	 	 	 
	 	 	 Tsung-Chien Wang

		
	 Address:
	 	 No. 250 Chi-Lin Road
 Taipei, Taiwan, R.O.C.

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
		
	 	 	/s/ Han J. Kim
	 	 	 Han J. Kim

		
	 Address:
	 	 2882 Sand Hill Road, Suite 100
 Menlo Park, CA 94025

  

					
		
	 	 	/s/ Brendon Kim
	 	 	 Brendon Kim

		
	 Address:
	 	 350 Curtner Road, No. 21
 Palo Alto, CA 94306

  

					
		
	 	 	/s/ Hodong Nam
	 	 	 Hodong Nam

		
	 Address:
	 	 2882 Sand Hill Road, Suite 100
 Menlo Park, CA 94025

  

					
		
	 	 	/s/ Daniel Kwoh
	 	 	 Daniel Kwoh

		
	 Address:
	 	 3975 Hempstead Road
 La Canada, CA 91011

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

					
	 	 	FOUNDERS:
		
	 	 	 /s/ Franklin Kuo

	 	 	 Franklin Kuo

		
	 	 	 /s/ Jingsheng Huang

	 	 	 Jingsheng Huang

		
	 	 	 /s/ Weijia Wang

	 	 	 Weijia Wang

		
	 	 	 /s/ Jing Liu

	 	 	 Jing Liu

		
	 	 	 /s/ Peng Qiao

	 	 	 Peng Qiao

		
	 	 	 /s/ Raymond Chin

	 	 	 Raymond Chin

		
	 	 	RAYMOND CHIN AND LINDA CHANG CHIN TRUSTEE(S) UNDER REVOCABLE TRUST AGREEMENT DATED MAY 13, 1994, AS AMENDED, FBO RAYMOND CHIN AND LINDA CHANG CHIN
		
	 	 	 /s/ Raymond Chin

	 	 	Raymond Chin, Trustee

  

 SIGNATURE PAGE TO THE GWCOM, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 SCHEDULE A 
  
 Schedule of Investors 
  
 Name and Address 
  
 MKGVD Fund, a California Limited Partnership 
 2471 E. Bayshore Rd., Suite 520 
 Palo Alto, California 94303 
 Attn: Greg Lahann 
  
 Tong Yang Cement Corporation 
 Tong Yang Venture Capital Corporation 
 Taurus Capital I, L.P. 
 23-8 Yoido-Dong, Yongdeungpo-gu, 
 Seoul, 150-010, Korea 
 Attn: Joon K. Kway 
  
 Grand Altos Co., Ltd.

 2882 Sand Hill Road, Suite 100 
 Menlo Park, California 94025

 Attn: Joon K. Kway 
  
 Institutional Venture Partners VI 
 IVP Founders Fund I, L.P. 
 Institutional Venture Management VI 
 3000 Sand Hill Road, Bldg. 2, Ste. 290

 Menlo Park, California 94025 
 Attn: William Tai 
  
 Alpine Technology Ventures 
 Alpine Technology Ventures II, L.P. 
 20300 Stevens Creek Bldg., Suite 495 
 Cupertino, CA 95014 
 Attn: David Lane 
  
 International Network Capital LDC 
 International Network Capital Corp. 
 50 California Street, Suite 2920

 San Francisco, California 94111 
 Attn: Jaclyn Lo 

 

 Name and Address 
  

Altos Ventures I L.P. 
 2882 Sand Hill Road, Suite 100 
 Menlo Park, California 
 Attn: Han Kim 
  
 Nixxo Telecom Co., Ltd. 
 2390 Walsh Avenue 
 Santa Clara, California 95051 
 Attn: Ike Kim 
  
 Paul E. Collins 
 94 Seaview Avenue 
 Monmouth Beach, New Jersey 07750 
  
 Marjorie Tsai Collins 
 94 Seaview Avenue 
 Monmouth Beach, New Jersey 07750 
  
 Fu-Yuan Lin and Jyh-Huey Lin Living Trust 
 7527
Donegal Drive 
 Cupertino, California 95014 
  
 Ray Stata 
 Analog Devices, Inc. 
 One Technology Way 
 P.O. Box 9106 
 Norwood, MA 02062 
  
 Albert Yu 
 13416 Middle Fork Lane 
 Los Altos Hills, CA 94022 
  
 Sheau-ming Samuel Liu and Keh-Yung

 Carolyn Liu, Trustees 
 26550 Ascension Drive 
 Los Altos Hills, CA 94022 
  
 Pan Amerasia Venture Enterprises, Inc. 
 445 S. Figueroa Street, Suite 2900 
 Los Angeles, CA 90071 
  

 S-2 

 Name and Address 
  

PTV China Inc. 
 One Exeter Plaza 
 Penthouse Suite 
 Boston, MA 02116 
  
 CMC Magnetics Corporation 
 4th Fl., 104 Ming Chuan W. Road 
 Min-Der Building 
 Taipei, Taiwan, R.O.C. 
  
 Jackson Hsieh

 7F., No. 80 Sung Chiang Road 
 Taipei, Taiwan, R.O.C.

  
 OSE, Inc. 
 2700 Augustine Drive, No. 140 
 Santa Clara, CA 95054 
  
 Jih-Jung Chow 
 218 Chung Hsiao E. Road, Sect.
4, 5/Fl. 
 Taipei, Taiwan, R.O.C. 
  
 South East Soda Manufacturing Co., Ltd. 
 23 F., No. 99, Tun Han S. Rd. Sec. 2

 Taipei, Taiwan 
  
 Ming Kang Hsu 
 203 Min Tsu St. Shui Li Hsiang 
 Nan Tou Hsien 
  
 Kong Chung-Han 
 F-2 No. 10 Lane 484 Sec. 2 
 Chung Hwa Road 
 Taipei, Taiwan, R.O.C. 
  
 Tien Shin Chao 
 2B, 203-2, Sec. 4, Hsin Yih Road 
 Taipei, Taiwan, R.O.C. 
  
 Chuang Cheng-I

 6F 235 Lung Chiang Road 
 Taipei, Taiwan, R.O.C. 
  

 S-3 

	
	 Name and Address
  

	 Tsung-Chien Wang
 No. 250 Chi-Lin Road
 Taipei, Taiwan, R.O.C.
  

	 Seungjin Whang
 24 Ryan Court
 Stanford, CA 94305
  

	 Han J. Kim
 2882 Sand Hill Road, Suite 100
 Menlo Park, CA 94025
  

	 Brendon Kim
 350 Curtner Avenue, No. 21
 Palo Alto, CA 94306
  

	 Hodong Nam
 2882 Sand Hill Road, Suite 100
 Menlo Park, CA 94025
  

	 Mon Yen Tsai and Kelly P. Tsai
 Trustees of the Tsai
Family Trust
 [address]
  

	 Intel Corporation
 2200 Mission College Blvd.

Santa Clara, California 95052
  

	 Oasis Online Limited
 c/o New World Infrastructure
Limited
 33/F New World Tower
 18 Queen’s Road
Central
 Hong Kong
  

	 WS Investments 99B
 Wilson Sonsini Goodrich & Rosati,
P.C.
 650 Page Mill Road
 Palo Alto, CA 94304
  

	 Jeffrey D. Saper and Vivian E. Saper Trust UA 03-14-85, FBO Family Trust
 4184 Old Adobe Road
 Palo Alto, CA 94306-3732

  

 S-4 

 Name and Address 
  

Selim Day 
 3537 17th Street 
 San Francisco, CA 94110 
  
 Laura Malinasky 
 2203 Cipriani Blvd. 
 Belmont, CA 94002 
  

 S-5 

 SCHEDULE B 
  
 Schedule of Founders 
  
 Franklin Kuo 
 Jingsheng Huang 
 Weijia Wang 
 Jing Liu 
 Peng Qiao 
 Raymond Chin

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