Document:

Amendment No. 1 and Waiver to the Amended and Restated Reg. Rights Agreement

 Exhibit 4.3 

Amendment No. 1 and Waiver to the 

Amended and Restated Registration Rights Agreement 

This Amendment No. 1 and Waiver, dated April 13, 2010, amends the Amended and Restated Registration Rights Agreement dated as
of October 15, 2007, (the “Original Rights Agreement”) by and among Motricity, Inc., a Delaware corporation (the “Company”), the Persons listed on Schedule A attached thereto, and made a part hereof, the Persons listed on
Schedule B thereto and made a part hereof, the Persons listed on Schedule C attached thereto and made a part hereof, M7 Networks Inc., a Delaware corporation, Ryan K. Wuerch and Judson S. Bowman. All capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Original Rights Agreement. 
 WHEREAS, the signatories to this Agreement
collectively own a majority of the “Registrable Securities” outstanding on the date hereof. 
 NOW, THEREFORE, in
consideration of the premises, which are incorporated into and made a part of this Agreement, and of the mutual representations, warranties, covenants, agreements and conditions set forth herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. The
following is added immediately after clause (b) under Section 2.4 of the Original Rights Agreement: 

“Notwithstanding anything contained herein, the written notice referred to in clause (a) immediately above with respect to the
Company’s registration statement on Form S-1 (Registration No. 333-164471) (the “Registration Statement”) must only include the fact that the Company has filed the Registration Statement. In addition, the Company must use it
reasonable best efforts to include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Securities and Common Shares, then held by the Holder or
Common Stockholder (whether directly through the direct ownership of Common Shares or through the direct ownership of preferred stock convertible into Common Shares), specified in a written request or requests received by the Company from any Holder
or Common Stockholder on or before April 26, 2010. The Company may give one or more written notices to Holders and Common Stockholders of such deadline.” 

Section 2. Section 2.6 of the Original Rights Agreement is amended and restated as follows: 

“2.6. Withdrawal from Company Registration. If any Holder, Common Stockholder or other stockholder disapproves of the terms of any
underwriting in connection with a registration pursuant to Section 2.4, such person may elect, prior to the printing of the preliminary prospectus for distribution to potential investors with respect to the Registration Statement, to withdraw
therefrom some or all of its Registrable Securities and/or Common Shares it validly and timely elected to have included in such underwriting, provided, however, that any allocation based on Registrable Securities or Common Shares for purposes of
Section 2.5, shall be based on the Registrable Securities and/or Common Shares, as the case may be, elected by the Holder, 

 
Common Stockholder, or other stockholder to be included in such registration, after any such withdrawal. By way of example, if a Holder validly elected to include 20 Registrable Securities, but
subsequently withdrew 10 such securities prior to the printing of the preliminary prospectus for distribution to potential investors with respect to the Registration Statement, such Holder shall be deemed to have requested to register 10 Registrable
Securities. In the event of such a withdrawal, the Company may, but is not required to, offer to all, and not just some, Holders, Common Stockholders and other stockholders who have included Registrable Securities, Common Shares or other shares in
the registration the right to include additional Registrable Securities, Common Shares or other shares in the registration in an aggregate amount equal to the number of shares withdrawn, with such shares to be allocated among such Holders, Common
Stockholders and other stockholders in accordance with the provisions of Section 2.5.” 
 Section 3. The
following clause in Section 2.15, “(i) such Holder or Common Stockholder can sell all shares held by it in compliance with Rule 144(k)” is amended and restated as follows: “(i) such Holder or Common Stockholder can sell all
shares held by it under Rule 144 and paragraph (e) of Rule 144 does not apply to any such sales.” 

Section 4. The parties hereto waive and release any claims, complaints, actions, causes of action and demands, whether known
or unknown, and any and all suits arising in law or in equity, whether from statute or regulation or otherwise, whether known or unknown, on behalf of themselves and all Investors, Holders and Common Stockholders, under the Original Rights Agreement
and/or this Amendment and, in each case, based on events arising prior to the date hereof. 
 Section 4. If, for any
reason, this Amendment No. 1 and Waiver, or the application thereof to any person or any circumstance, is invalid or unenforceable, then the Original Rights Agreement shall be deemed amended hereby in order to carry out, so far as may be valid
and enforceable, the intent and purpose of this Amendment No. 1 and Waiver. 
 Section 6. This Amendment
No. 1 and Waiver may be executed in counterparts, and by facsimile, which together shall constitute one and the same agreement notwithstanding that all parties hereto are not signatories to each counterpart. 

Section 7. This Amendment No. 1 and Waiver shall be governed by and construed in accordance with the laws of the State
of Delaware. 
 Section 8. Except as modified hereby, the Original Rights Agreements is hereby ratified and remains in full
force and effect. 
  

 2 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Amendment No. 1 and Waiver as of
the date first written above. 
 Motricity, Inc. 
  

			
	By:	 	 /s/ Richard E. Leigh, Jr.

	Name:	 	Richard E. Leigh, Jr.
	Title:	 	Senior VP/General Counsel

  

 3 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Amendment No. 1
and Waiver as of the date first written above. 
  

									
	Advanced Equities Triangle Acquisition I, LLC	 		 	Advanced Equities Triangle Acquisition II, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	AEI 2007 Venture Investments III, LLC	 		 	AEI Silicon Valley Fund II, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	AEI Trilogy Fund, LLC	 		 	AEI 2006 Venture Investments I, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	AEI 2006 Venture Investments II, LLC	 		 	AEI 2006 Venture Investments III, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	Advanced Equities Investments XXV, LLC	 		 	Advanced Equities Investments XXXV, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory

  

 4 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Waiver as of the date
first written above. 
  

									
	AEI Eastern Investments III, LLC	 		 	AEI Eastern Investments IV, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	AEI 2006 Venture Investments IV, LLC	 		 	AEI 2007 Venture Investments IV, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	Advanced Equities Investments XXVI, LLC	 		 	AEI Eastern Investments II, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory
			
	AEI Eastern Investments I, LLC	 		 	Advanced Equities Motricity Series I Investment I, LLC
					
	By:	 	/s/ Keith Daubenspeck	 		 	By:	 	/s/ Keith Daubenspeck
	Name:	 	Keith Daubenspeck	 		 	Name:	 	Keith Daubenspeck
	Title:	 	Authorized Signatory	 		 	Title:	 	Authorized Signatory

  

 5 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Waiver as of the date
first written above. 
 New Enterprise Associates 10, Limited Partnership 

 

			
		
	By:	 	 /s/ Louis S. Citron

	Name:	 	Louis S. Citron
	Title:	 	General Counsel

  

 6 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Waiver as of the date
first written above. 
 Koala Holding Limited Partnership 

 

			
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Treasurer and Secretary

  

 7 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Waiver as of the date
first written above. 
 TCV V, L.P. 
  

			
		
	By:	 	 /s/ F. Fenton

	Name:	 	F. Fenton
	Title:	 	Attorney in Fact

 TCV V Member Fund, L.P.

  

			
		
	By:	 	 /s/ F. Fenton

	Name:	 	F. Fenton
	Title:	 	Attorney in Fact

  

 8Form of Registrant's Common Stock Certificate

 Exhibit 4.4 

Certificate 

1. 

For

Shares 

Issued to 

Dated 

Transferred from 

Dated

1. Original Certificate 

1. Original Shares 

1. Shares Transferred 

Received this Certificate 

Number 

Shares 

MOTRICITY, INC. 

This Certifies that 

is the owner of

Shares of the Capital Stock of 

Motricity, Inc., transferable only on the Books of the Corporation by the holder hereof in person or by authorized
Attorney on surrender of this Certificate properly endorsed. 
 transferable only on the Books of the Corporation
by the holder hereof in person or by duly authorized Attorney on surrender of this Certificate properly endorsed. 

In Witness Whereof, the duly authorized officers of this Corporation have hereunto subscribed their names and caused the
corporate seal to be hereto affixed at 
 this 

day of 

A.D.
  

 

 

 

 

  
 For Value
Received, 
 hereby sell, assign and transfer unto 

Shares of the Capital Stock represented 

by the within Certificate, and do hereby irrevocably constitute and appoint 

to transfer the said Stock on the books 

of the within named Corporation with full power of substitution in the premises. 

Dated 

In presence of 

CERTIFICATE 

FOR 

SHARES 

OF THE 

Capital Stock 

ISSUED TO 

DATED 

NOTICE, THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN
EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATSOEVER

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