Document:

exv10w1

 

EXHIBIT 10.1

ACCELERATED OPTION SHARES LOCK-UP AGREEMENT

December ___, 2005

Raindance Communications, Inc.

Re:      Vested Option Shares Lock-up Agreement

Ladies and Gentlemen:

The undersigned officer of Raindance Communications, Inc., a Delaware corporation (the “Company”),
was granted certain stock options pursuant to the Company’s 2000 Equity Incentive Plan (the “Plan”)
as listed in Schedule A below (the stock options so listed are referred to herein as the
“Accelerated Options”). Pursuant to Section 12(e) of the Plan, the Company’s Board of Directors
plans to amend the terms of the Accelerated Options in order to accelerate the vesting of such
options so that the undersigned has the right to exercise such options in their entirety on
December 31, 2005 (the “Amendment”).

In recognition of the benefit that the Amendment will confer upon the undersigned, and for other
good and valuable consideration receipt of which is hereby acknowledged, the undersigned hereby
agrees that, without the prior written consent of the Company’s Board of Directors, the undersigned
will not, directly or indirectly, with respect to any Accelerated Option or shares purchasable
under the Accelerated Options (collectively, the Accelerated Options and shares purchasable
thereunder are referred to herein as the “Accelerated Option Securities”), take any of the
following actions from and after the date hereof until the earlier of (i) the undersigned’s
termination of services with the Company, and (ii) the date such Accelerated Option would have
vested in full under the original terms governing such options, including the Stock Option Grant
Notice and resolutions adopted by the Board of Directors relevant thereto, applicable to such
Accelerated Option: (1) Offer, pledge, announce the intention to sell, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant to purchase, or otherwise transfer or dispose of, the Accelerated Option
Securities, or (2) enter into any swap, option, future, forward or other agreement that transfers,
in whole or in part, any of the economic consequences of ownership of the Accelerated Option
Securities, regardless of whether any of the transactions described in clause (1) or (2) above is
to be settled by delivery of stock, in cash or otherwise.

Notwithstanding the foregoing, the restrictions set forth in the preceding paragraph shall not
apply to (i) Accelerated Option Securities that, as of the date of any such restricted action,
already would have been vested pursuant to the terms of the original stock option applicable to
such Accelerated Option, (ii) transfers of Accelerated Option Securities made as a bona fide gift

 

 

or gifts, provided that the donee or donees thereof agree to be bound by the restrictions set forth
herein prior to such transfer, and (iii) transfers of Accelerated Option Securities made to any
trust for the direct or indirect benefit of the undersigned or the immediate family of the
undersigned, provided that the trustee of the trust agrees to be bound by the restrictions set
forth herein prior to such transfer, and provided further that any such transfer shall not involve
a disposition for value. Nothing in this Agreement shall confer upon the undersigned the right to
take any action with respect to any Accelerated Option Securities that would violate applicable
securities laws or the terms of the Plan, the Stock Option Grant Notice and the Stock Option
Agreement applicable to such Accelerated Option Securities.

In furtherance of the foregoing, the Company and any duly appointed transfer agent for the
registration or transfer of the securities described herein are hereby authorized to decline to
make any transfer of securities if such transfer would constitute a violation or breach of this
Lock-Up Agreement.

The undersigned hereby represents and warrants that the undersigned has full power and authority to
enter into this Lock-Up Agreement. All authority herein conferred or agreed to be conferred and any
obligations of the undersigned shall be binding upon the successors, assigns, heirs or personal
representatives of the undersigned.

THIS LOCK-UP AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF COLORADO, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.

	 	 	 	 	 	 	 
	 

	 	 	 	Very truly yours,
	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Signed:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Print Name:	 	 	 	 
	 

	 	 	 	 	 	 

 

 

Schedule A

	 	 	 	 	 	 	 	 	 
	 	Option Grant Date
	 	 	Shares Subject to Option
	 	 	Option Exercise Priceexv4w2

 

Exhibit 4.2

	 	 	 	 	 
	 

	 	
	 	 Securities
	 
	 	 	 	 
	 

	 	 	 	The Toronto-Dominion Bank
	 

	 	 	 	Toronto Dominion (Texas) LLC
	 

	 	 	 	Royal Trust Tower
	 

	 	 	 	77 King Street West, 18th Floor
	 

	 	 	 	Toronto, Ontario MSK LA2

	To:	 	 UPC Broadband Holding B.V. (the Company) 

Boeing Avenue 53 

1119 PE Schiphol Rijk 

Amsterdam 

The Netherlands

For the attention of: Dennis Okhuijsen

December 2005

Dear Sirs,

€3,500,000,000 and US$347,000,000 and US$95,000,000 senior secured credit facility (the
Agreement) dated 26th October, 2000 between, among others, the Company and Toronto-Dominion
(Texas) LLC as facility agent, as most recently amended and restated
on 7th   March,
2005

	1.	 	Background
	 
	(a)	 	This letter is supplemental to and amends the Agreement.
	 
	(b)	 	Pursuant to clause 25 (Amendments and Waivers) of the Agreement, the Majority Lenders have
consented to the amendments to the Agreement conteraplated by this letter. Accordingly, we
are authorised to execute this letter on behalf of the Finance Parties.
	 
	(c)	 	We understand that it is anticipated UPC Scandinavia Holding B.V. will dispose of (i) the
 shares that it holds in UPC Norge A.S. and/or NBS Nordic Broadband
Services A.B.; or (ii) the
business or a substantial part of the business of UPC Norge A.S. and/or NBS Nordic Broadband
Services A.B..
	 
	2.	 	Construction
	 
	(a)	 	Capitalised terms defined in the Agreement have the same meaning when used in this letter.
	 
	(b)	 	The provisions of clause 1.2 (Construction) of the Agreement apply to this letter as though
they were set out in full in this letter except that references to the Agreement are to be
construed as references to this letter.
	 
	(c)	 	 Amendment Effective Date has the meaning given to it in paragraph 4 (Amendment Effective
Date).
	 
	(d)	 	Reference is made to clause 1.4 of the Agreement. References in any of the Finance Documents
to the New Facility Agreement shall be references to the New Facility Agreement as amended by
an amendment letter dated on or about the date of this letter.

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	3.	 	Amendments
	 
	(a)	 	We are authorised to confirm on behalf of the Majority Lenders that, with, effect from the
Amendment Effective Date, the Agreement will be amended as set out In
the schedule to this letter,
	 
	(b)	 	Each Obligor confirms that the Security Interests granted to the Beneficiaries pursuant to
the Security Documents and its obligations wider the Finance Documents shall continue and
remain unaffected by the entry into of this letter and shall extend to the liability and
obligations of the Obligors to the Finance Parties under the Finance Documents as amended by
this letter.
	 
	(c)	 	In accordance with Article 1278 of the Belgian Civil Code, each Obligor that is a party to
the share pledge listed in paragraph 1(i) of Schedule 7 (Security Documents) of the Agreement
confirms that its duties and obligations under such share pledge shall not be affected or
impaired by the entry into of this letter and that the pledge created under such share pledge
shall be maintained in accordance with Clause 6.4 (Preservation of Security in the event of
novation) of such share pledge.
	 
	4.	 	Amendment Effective Date
	 
	 	 	This letter shall take effect on the date (the Amendment Effective Date) on which the
Facility Agent notifies the Company and the Lenders that it has received in form and
substance to it (acting reasonably);

	 	(a)	 	evidence of the due authorization and execution of this letter by each
Obligor,
	 
	 	(b)	 	legal opinions in respect of Dutch, English and New York law from Allen &
Overy LLP, English, Dutch and New York legal advisers to the Facility Agent, addressed
to the Finance Parties.

	5.	 	Reservation of rights
	 
	 	 	Except to the extent expressly provided for in this letter, this letter is not a
waiver or amendment of any term of the Finance Documents and the Finance Documents (as
amended by this letter) remain in full force and effect. Each Finance Party reserves any
other right or remedy it may have now or subsequently.
	 
	6.	 	Miscellaneous
	 
	(a)	 	This letter is a Finance Document and the Agreement, as amended by this letter, is a Finance
Document.
	 
	(b)	 	Subject to the terms of this letter, the Agreement will
remain in full force and effect and the
Agreement and this letter will be read and construed as one document
	 
	(c)	 	The representations and warranties in Clause 15 (Representations and Warranties) of the
Agreement (with the exception of Clauses 15.6(a) (Consents), 15.10 (Financial conditions),
15.12 (Security Interests), 15.13(b) (Litigation and insolvency proceedings). 15.14
(Information), 15.14A (Business Plan), 15.15 (Tax liabilities), 15.16 (Ownership of assets)
15.20 € ERISA) and 15.24 (US Borrower)) are true and correct us if made on the date of this
letter and on the Amendment Effective Date, with reference to the facts and circumstances

	 	 	 
	

	 	 

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	 	 	then existing, as if each reference to (i) the Finance Documents includes a reference
to this letter and (ii) references to the Agreement are to the
Agreement as amended by this letter.
	 
	(d)	 	The Company represents and warrants to each Finance Party that there has been no material
adverse change in the consolidated financial position of the Borrower Group (taken as a whole)
since the date of the financial Statements most recently provided under Clause 16.2(a) of the
Agreement which would or is reasonably likely to have a Material
Adverse Effect.
	 
	(e)	 	This letter may be executed in any number of counterparts,
and this has the same effect as if
the signatures were on a single copy of this letter.
	 
	7.	 	Governing law
	 
	 	 	This letter is governed by English law.

	 	 	 
	/s/ Jackie Barrett
	 	 
	 

	 	 
	For
	 	 
	TORONTO-DOMINION (TEXAS) LLC
	 	 
	as Facility Agent
	 	 

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SCHEDULE

	(a)	 	Clause 16.10(b)(ii) (Disposals) of the Agreement will be deleted in its entirety and replaced
with:

	 	(ii)	 	the disposal by UPC Scandinavia Holding B.V. of:

	 	(A)	 	the shares in UPC Norge A.S. and/or NBS Nordic Broadband
Services A.B.; or
	 
	 	(B)	 	the business or a substantial part of the business of UPC
Norge A.S. and/or NBS Nordic Broadband Services A.B.,

	 	 	 	provided that, in each case, an amount equal to four times Annualised EBITDA of
the entity (or the business) that is being disposed of under this Subclause for
the Ratio Period which ends on the most recent quarterly Accounting Period end
date for which financial information has been delivered under Clause 16.2
(Financial information) (the Scandinavia Repayment Amount) is deposited
immediately with the Facility Agent and/or the facility agent under the New
Facility Agreement and applied in prepayment and cancellation or repayment of the
Facilities in accordance with paragraphs (d), (e), (f)  and (g) below and/or the
Additional Facilities in accordance with clauses 16.10(d), (e), (f) and (g)
(Disposals) of the New Facility Agreement.”

	(b)	 	The following Subclauses will be added after Subclause
16.10(c):

	 	(d)	 	Any prepayment and cancellation or repayment made under sub-paragraph
(b)(ii) above will be applied against the Additional Facilities and/or the Facilities
in such proportion as may be specified by UPC Broadband in the notice of prepayment
and cancellation or repayment and in the case of a prepayment and cancellation or
repayment of Advances, against all outstanding Advances made under the relevant
Facilities pro rata (and, if applicable, against the Repayment Instalments for the
relevant Facility in such order as may be specified by UPC Broadband).
	 
	 	(e)	 	Subject to paragraph (f) below, each Lender nay elect not to accept prepayment
and cancellation of Advances under sub-paragraph (b)(ii) above by notifying the
Facility Agent in writing on or before 29 November 2005. In the event of such
election, any amounts which would otherwise have been applied in prepayment and
cancellation of the relevant Advances (the balance), shall be applied in prepayment
and cancellation or repayment pro rata of any other outstanding Advances or Additional
Facility Advances in accordance with paragraph (d) above (and paragraph (d) above and
this paragraph (e) shall continue to be applied to any balance until it has been
exhausted or until all Advances and Additional Facility Advances in respect of which
the relevant Lenders or lenders under the New Facility Agreement have not elected not
to accept prepayment and cancellation have been repaid or prepaid and cancelled in
full).
	 
	 	(f)	 	Any election under paragraph (e) above not to accept prepayment and
cancellation of an Advance will only apply in relation to disposals made under
sub-paragraph (b)(ii) above on or before 8 May 2006.
	 
	 	(g)	 	The amount of a Facility A Advance prepaid or repaid by UPC Broadband in
accordance with sub-paragraph (b)(ii) above may be re-borrowed in accordance with the
terms of this Agreement.”

	 	 	 
	

	 	 

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	(c)	 	Clause 16.13(c)(Restricted Payments) of the Agreement will be
amended by:

	 	(i)	 	deleting “and” at the end of sub-paragraph (viii);
	 
	 	(ii)	 	deleting the comma at the end of sub-paragraph (ix) and replacing it with “;
and”; and
	 
	 	(iii)	 	inserting a new sub-paragraph (x) as follows:
	 
	 	“(k)	 	 by way of distributions, dividends or other payments paid by UPC Broadband
in respect of its share capital or by way of repayment or payment by UPC Broadband or
UPC Scandinavia Holding B.V. (as the case may be) in respect of a Subordinated
Shareholder Loan (each an Applicable Payment) but only to the extent that (A) UPC
Broadband or UPC Scandinavia Holding B.V. (as the case may be) makes the Applicable
Payment from the proceeds of sale or a disposal by UPC Scandinavia Holding B.V.
permitted by Clause 16.10(b)(ii) (Disposals); and (B) the aggregate of all Applicable
Payments is less than or equal to the Net Proceeds of the Sale or disposal by UPC
Scandinavia Holding B.V. permitted by Clause 16.10(b)(ii) (Disposals)
less the
Scandinavia Repayment Amount (as defined in Clause 16.10(b)(ii) (Disposals)) and
provided that no Default has occurred and is continuing or would occur as a result of
such payment,”

	 	 	 
	

	 	 

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We agree with the terms of this letter.

Borrowers:

UPC BROADBAND HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC FINANCING PARTNERSHIP

By: /s/ Dennis Okhuijsen

  

Guarantors:

UPC BROADBAND HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC HOLDINGD B.V.

By: /s/ Dennis Okhuijsen

  

UPC FINANCING PARTNERSHIP

By: /s/ Dennis Okhuijsen

  

UPC
HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC FRANCE HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC SCANDINAVIA HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

	 	 	 
	

	 	 

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UPC AUSTRIA HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC
CENTRAL EUROPE HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC
NEDERLANS B.V.

By: /s/ Dennis Okhuijsen

  

UPC POLAND
HOLDING B.V.

By: /s/ Dennis Okhuijsen

  

UPC BROADBAND N.V.

By: /s/ Dennis Okhuijsen

  

	 	 	 
	

	 	 

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