Document:

Registration Rights Agreement, dated as of April 17, 2003

 Exhibit 10.72 
  
 Registration Rights Agreement 
  
 REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of April 17, 2003, by and between IDT Media, Inc., a Delaware corporation (the
“Company”), and Liberty IDTMED, Inc., a Delaware corporation (the “Investor”). 
  
 WHEREAS, the Company and the Investor have entered into a Subscription Agreement, dated as of the date hereof (the “Subscription
Agreement”), pursuant to which the Investor purchased and the Company sold to Investor 88.235 shares (the “Investor Securities”) of the Class A Common Stock, par value $0.01 per share, of the Company (the “Class A
Common Stock”); and 
  
 WHEREAS, the Subscription
Agreement provides that the Company and Investor shall enter into this Agreement contemporaneously with the execution and delivery of the Subscription Agreement. 
  
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereby agree as follows: 
  
 Section 1    Definitions.    (a) For the purposes of this Agreement: 
  
 “Act” means the Securities Act of 1933, as amended. 
  
 “Affiliate” means, with respect to any person, any other person directly or indirectly controlling,
controlled by or under common control with the first such person. 
  
 “Closing” and “Closing Date” mean the date of the Closing of the Initial Public Offering, as such term is defined below. 
  
 “Holder” means a holder of Registrable Securities. 
  
 “Initial Public Offering” means the completion of the first
sale of any common equity securities of the Company, whether primary or secondary, pursuant to a widely dispersed, underwritten public offering (in or outside the United States) whereby such common equity securities are thereafter traded on a
national securities exchange or on the Nasdaq Stock Market. 
  
 “Initially Issued Number” means the total number of Investor Securities issued to the Investor at the closing of the purchase and sale of the Liberty Securities, as defined by the Subscription Agreement, as appropriately
adjusted for stock splits, stock dividends, reverse stock splits and other similar events affecting the Class A Common Stock. 
  
 “person” means any individual, partnership, corporation, limited liability company, joint venture, association, joint-stock company,
trust, unincorporated organization, government or agency or political subdivision thereof, or other entity. 
  

 “register, “ “registered” and “registration” refer to
a registration effected by preparing and filing a registration statement in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement. 
  
 “Registrable Securities” means (A) the Investor Securities, (B) any other shares of Class A Common Stock
issued to a Holder by the Company, including without limitation any shares of Class A Common Stock issued pursuant to Section 4.2 of the Subscription Agreement, (C) any shares of Class A Common Stock issued to a Holder or one of its affiliates in
respect of any shares of the capital stock of IDT Corporation or any subsidiary of IDT Corporation beneficially owned by such Holder (by stock dividend, share exchange or otherwise); and (D) any shares of Class A Common Stock issued in respect of
any such shares (by stock split, stock dividend, reclassification, recapitalization, or otherwise ); provided, however, that such securities shall cease to be Registrable Securities when and to the extent that (i) such securities have been sold
pursuant to an effective registration statement under the Act, (ii) such securities have become eligible for resale pursuant to Rule 144(k) of the Act (or any similar provision then in force) or (iii) such securities have ceased to be outstanding.

  
 (b) Capitalized terms used and not otherwise defined in this
Agreement have the meanings ascribed to them in the Subscription Agreement. 
  
 Section 2    Registration Rights. 
  
 2.1.(a) Registration Upon Demand.    At any time on or after the date that is 18 months after the Closing Date, one or more Holders that in the aggregate beneficially own at least 20% of the
Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders’ Registrable Securities (a “Demand Registration”). Upon receipt of a valid request for a Demand Registration, the
Company shall promptly, and in any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the
Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall only be required to effect a registration if the number of Registrable Securities that
the Company shall have been requested to register shall, in the aggregate, (i) represent at least 50% of the Initially Issued Number or (ii) represent all of the Registrable Securities then held by all Holders. The Holders shall together have the
right to two Demand Registrations pursuant to this Section 2.1(a), provided, however, that no more than one such Demand Registration may be requested in any 12 month period. 
  
 (b) Effective Registration Statement.    A registration requested pursuant to Section 2.1 (a)
hereof shall not be deemed to have been effected (i) if a registration statement with respect thereto has not been declared effective by the Securities and Exchange Commission (“SEC”), (ii) if after it has become effective and prior
to the date ninety (90) days after the effective date, such registration is materially interfered with by any stop order, injunction or similar order or requirement of the SEC or other governmental agency or court for any reason not attributable to
the fault of any of the Holders, or (iii) the conditions to closing specified in the underwriting agreement, if any, entered into in connection with such registration are not satisfied or waived, 
  

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 other than by reason of a failure on the part of a Holder to perform its obligations under such underwriting agreement.

  
 (c) Piggyback Registration.    At
any time on or after the date that is 18 months after the Closing Date, if the Company proposes to file a registration statement under the Act with respect to an offering of its equity securities for its own account or for the account of another
person or entity (other than a registration statement on Form S-4 or S-8 (or any substitute forms that may be adopted by the SEC)), the Company shall give written notice of such proposed filing to the Holders at the address set forth in the share
register of the Company as soon as reasonably practicable (but in no event less than 7 business days before the anticipated filing date), undertaking to provide each Holder the opportunity to register on the same terms and conditions such amount of
Registrable Securities as such Holder may request (a “Piggyback Registration”). Each Holder will have 5 business days after receipt of any such notice to notify the Company as to whether it wishes to participate in a Piggyback
Registration (which notice shall not be deemed to be a request for a Demand Registration). If the registration statement is filed on behalf of a person or entity other than the Company, the Company will use its reasonable best efforts to have the
Registrable Securities that the Holders wish to sell included in the registration statement. If the Company or the person or entity for whose account such offering is being made shall determine in its sole discretion not to register or to delay the
proposed offering, the Company may, at its election, provide written notice of such determination to the Holders and (i) in the case of a determination not to effect the proposed offering, shall thereupon be relieved of the obligation to register
such Registrable Securities in connection therewith and (ii) in the case of a determination to delay a proposed offering, shall thereupon be permitted to delay registering such Registrable Securities for the same period as the delay in respect of
the proposed offering. 
  
 If the Registrable Securities requested
to be included in the Piggyback Registration by any Holder differ from the type of securities proposed to be registered by the Company and the managing underwriter for such offering advises the Company that due to such differences the inclusion of
such Registrable Securities would cause a material adverse effect on the price of the offering (a “Material Adverse Effect”), then (x) the number of such Holders’ Registrable Securities to be-included in the Piggyback
Registration shall be reduced to an amount which, in the opinion of the managing underwriter, would eliminate such Material Adverse Effect or (y) if no such reduction would, in the opinion of the managing underwriter, eliminate such Material Adverse
Effect, then the Company shall have the right to exclude all such Registrable Securities from such Piggyback Registration, provided, that no other securities of such type are included and offered for the account of any other Person in such Piggyback
Registration. Any partial reduction in number of Registrable Securities of any Holder to be included in the Piggyback Registration pursuant to clause (x) of the immediately preceding sentence shall be effected pro rata based on the ratio which such
Holder’s requested securities bears to the total number of securities requested to be included in such Piggyback Registration by all persons or entities other than the Company who have the contractual right to request that their securities be
included in such registration statement and who have requested that their securities be included. If the Registrable Securities requested to be included in the registration statement are of the same type as the securities being registered by the
Company and the managing underwriter advises the Company that the inclusion of such Registrable Securities would cause a Material Adverse Effect, the Company will be obligated to include in such registration statement, as to each 
  

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 Holder, only a portion of the Registrable Securities such Holder has requested be registered equal to the ratio which
such Holder’s requested securities bears to the total number of securities requested to be included in such registration statement by all persons or entities (other than any persons or entities initiating such registration request) who have the
contractual right to request that their securities be included in such registration statement and who have requested their securities be included. If the Company initiated the registration, then the Company may include all of its securities in such
registration statement before any such Holder’s requested securities are included. If another securityholder initiated the registration, then the Company may not include any of its securities in such registration statement unless all
Registrable Securities requested to be included in the registration statement by all Holders are included in such registration statement. If as a result of the provisions of this Section 2.1(c) any Holder shall not be entitled to include all
Registrable Securities in a registration that such Holder has requested to be so included, such Holder may withdraw such Holder’s request to include Registrable Securities in such registration statement prior to its effectiveness. 

 
 (d) Restrictions on Transfer of Registrable
Securities.    Notwithstanding any other provision of this Agreement and without prejudice to any other rights or remedies the Company may have with respect to the Investor, if the Investor transfers any Registrable
Securities, or any interest therein, in violation of Section 5.3 of the Subscription Agreement, the obligations of the Company under this Section 2.1 shall terminate with respect to such Registrable Securities. 
  
 2.2. Blackout Periods for Holders.    If the board
of directors of the Company determines in good faith that the registration of Registrable Securities pursuant to Section 2.1(a) hereof (or the use of a registration statement or related prospectus) would be materially detrimental to the Company or
its shareholders because such filing would require disclosure of material non-public information or would materially interfere with the Company’s financing plans, and therefore the board of directors determines that it is in the Company’s
best interest to defer the filing of the registration statement, and promptly gives the Holders written notice of such determination in the form of a certificate signed by an executive officer of the Company following their request to register any
Registrable Securities pursuant to Section 2.1(a), the Company shall be entitled to postpone the filing of the registration statement otherwise required to be prepared and filed by the Company pursuant to Section 2.1 (a) hereof for a reasonable
period of time, but not to exceed 60 days (a “Demand Blackout Period”) after the date of such request, provided that the Company’s exercise of its rights under this Section 2.2 (i) shall not result in Demand Blackout Periods
for more than 180 days in any 365 day period, (ii) shall not result in Demand Blackout Periods that are separated by less than 45 days and (iii) shall only be effective when and for so long as the officers and directors of the Company and other
holders, if any, of registration rights with respect to the Company’s securities are similarly restricted-from buying or selling securities of the Company and/or exercising their registration rights, as applicable. The Company shall promptly
notify each Holder of the expiration or earlier termination of any Demand Blackout Period. 
  
 2.3. Obligations of the Company.    Whenever the Company is required to effect the registration of any Registrable Securities under this Section 2, the Company shall, at its expense and as
expeditiously as may be practicable: 
  

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 (a) Prepare and file with the SEC a registration statement with respect to such Registrable Securities
and use its reasonable 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, use reasonable efforts to keep such registration
statement effective for not less than 120 days, unless all Registrable Securities included therein are earlier sold. 
  
 (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 applicable law with respect to the disposition of all of the Registrable Securities covered by such registration statement. 
  
 (c) Use its best efforts to qualify such Registrable Securities (i) for
listing on the Nasdaq National Market or listing on the New York Stock Exchange, Inc. or (ii) if neither such quotation system or exchange is available for quotation or listing, for listing on a national securities exchange selected by a majority in
interest of the Holders of the Registrable Securities being registered. 
  
 (d) Furnish to the Holders of Registrable Securities registering such securities such numbers of copies of a prospectus, including a preliminary prospectus (in the event of an underwritten offering), in conformity with the requirements of
applicable law, and such other documents as each such Holder may reasonably request in order to facilitate the disposition of Registrable Securities owned by it. 
  
 (e) Use reasonable efforts to register and qualify the securities covered by such registration statement under state blue
sky laws in any U.S. jurisdictions in which such registration and qualification is reasonably requested by any Holder; 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 jurisdictions. 
  
 (f) In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form and substance as agreed to by the Company and the managing underwriter of such
offering. 
  
 (g) Promptly notify the Holders in writing: (i) when
the registration statement, the prospectus or any prospectus supplement related thereto or post-effective amendment to the registration statement has been filed, and, with respect to the registration statement or any post-effective amendment
thereto, when the same has become effective; (ii) of any request by the SEC for amendments or supplements to the registration statement or related prospectus or any written request by the SEC for additional information; (iii) of the issuance by the
SEC of any stop order suspending the effectiveness of the registration statement or prospectus or any amendment or supplement thereto or the initiation of any proceedings by any person for that purpose, and promptly use its reasonable efforts to
prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued; and (iv) of the receipt by the Company of any written notification with respect to the suspension of the qualification of any Registrable
Securities for sale in any jurisdiction or the initiation or overt threat of any proceeding for such purpose. 
  

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 (h) Notify the Holders in writing on a timely basis, at any time when a prospectus relating to such
Registrable Securities is required to be delivered under applicable law, 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 and at the request of any such Holder promptly prepare and furnish to such Holder
a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the offerees of such securities, such prospectus shall not include an untrue statement of a material fact or
omit 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. Upon receipt of any notice of the occurrence of any event of the kind described
in the preceding sentence, each Holder will cease using such prospectus until receipt by the Holders of the copies of such supplemented or amended prospectus. If so requested by the Company, each Holder will deliver to the Company any copies of such
prospectus then in its possession (other than one permanent file copy). If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective as provided in Section 23(a)
hereof by the number of days during the period from and including the date of the giving of such notice to the date when the Company shall make available to the Holders such supplemented or amended prospectus. 
  
 (i) Furnish, at the request of any Holder participating in the registration,
on the date that such Registrable Securities are delivered to the underwriters for sale, 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 as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as if customarily given to underwriters in an
underwritten public offering and reasonably satisfactory to a majority in interest of the Holders participating in the registration, addressed to the underwriters, if any, and to the Holders participating in the registration of Registrable
Securities and (ii) a “Cold Comfort” letter dated as of such date, from the independent certified public accountants to the underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the
Holders participating in the registration, addressed to the board of directors of the Company, to the underwriters, if any, and if permitted by applicable accounting standards, to the Holders participating in the registration of Registrable
Securities. 
  
 (j) Use reasonable efforts to cause the transfer
agent to remove restrictive legends on certificates representing the securities covered by such registration statement, as the Company determines to be appropriate, upon advice of counsel. 
  
 (k) Prepare and file with the SEC, promptly upon the request of any such
Holders, any amendments or supplements to such registration statement or prospectus which, in the opinion of counsel for such Holders, is required under the Act or the rules and regulations thereunder in connection with the distribution of the
Registrable Securities by such Holders. 
  

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 (l) Make available for inspection by any Holder of such Registrable Securities, any underwriter
participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such Holder or underwriter (collectively, the “Inspectors”), all pertinent financial and other
records, pertinent corporate documents and properties of the Company (collectively, the “Records”), as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s
officers, directors and employees to supply all information (together with the Records, the “Information”) reasonably requested by any such Inspector in connection with such registration statement. Any of the Information that the
Company determines in good faith to be confidential, and of which determination the Inspectors are so notified, shall not be disclosed by the Inspectors unless (i) the release of such Information is ordered pursuant to a subpoena or other order from
a court of competent jurisdiction, (ii) such Information has been made generally available to the public, (iii) as necessary to enforce a Holder’s rights under this Agreement or (iv) such Holder of Registrable Securities requiring such
information agrees to enter into a confidentiality agreement in customary form and subject to customary exceptions. Each Holder of Registrable Securities shall be responsible for any breach of the foregoing covenant by any Inspector retained by or
on behalf of such Holder. The Holder of Registrable Securities, agrees that it will, upon learning that disclosure of such Information is sought in a court of competent jurisdiction, give notice to the Company and allow the Company, at the
Company’s expense, to undertake appropriate action to prevent disclosure of the Information deemed confidential and the Inspectors shall not disclose such Information until such action is determined. 
  
 (m) Provide a CUSIP number for the Registrable Securities included in any
registration statement not later than the effective date of such registration statement. 
  
 (n) Cooperate with each selling Holder and each underwriter participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the
National Association of Securities Dealers, Inc. 
  
 (o) During
the period when the prospectus is required to be delivered under the Act, promptly file all documents required to be filed with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the
“1934 Act”). 
  
 (p) Make generally available to
its securityholders, as soon as reasonably practicable, an earnings statement covering a period of 12 months, beginning within three months after the effective date of the registration statement, which earnings statement shall satisfy the provisions
of Section 11(a) of the Act and the rules and regulations of the SEC thereunder. 
  
 (q) Provide a transfer agent and registrar (which may be the same entity and which may be the Company) for such Registrable Securities. 
  
 (r) Use its reasonable efforts to take all other steps necessary to effect the registration of such Registrable Securities
pursuant to the terms contemplated hereby. 
  

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 2.4. Furnish Information. 
  
 (a) It shall be a condition precedent to the obligation of the Company to include any Registrable Securities of any Holder
in a registration statement pursuant to this Section 2 that the Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, any other securities of the Company held by it, and the intended method of
disposition of such Registrable Securities as shall be required to effect the registration of the Registrable Securities held by such Holder. Any such information shall be provided to the Company within any reasonable time period requested by the
Company. 
  
 (b) Each Holder shall notify the Company, at any time
when a prospectus is required to be delivered under applicable law, of the happening of any event as a result of which the prospectus included in the applicable registration statement, as then in effect, in each case only with respect to information
provided by such Holder, 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 light of the circumstances then existing. Such
Holder shall immediately upon the happening of any such event cease using such prospectus. Any other Holders shall cease using such prospectus immediately upon receipt of notice from the Company to that effect. If so requested by the Company, each
Holder shall promptly return to the Company any copies of such prospectus in its possession (other than one permanent file copy). The Company shall promptly prepare and furnish to each such Holder a reasonable number of copies of a supplement to or
an amendment of such prospectus as may be necessary so that, as thereafter delivered to the offerees of such securities, such prospectus shall-not include an untrue statement of a material fact or omit 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. 
  
 2.5. Expenses of Registration.    The Company shall bear and pay all reasonable expenses incurred in connection with any
registration, filing or qualification of Registrable Securities pursuant to this Section 2, including (without limitation) all registration, filing and qualification fees, printers’ and accounting fees, but excluding underwriting discounts and
commissions relating to the Registrable Securities. The Company also shall be required to pay and bear the reasonable legal fees of not more than one counsel for the Holders in an amount not to exceed $50,000 in connection with any registration of
an underwritten offering. 
  
 2.6. Underwriting
Requirements.    In connection with any underwritten offering of a Holder’s Registrable Securities, the Company shall not be required under Section 2.3 to register any of such Registrable Securities in connection with
such underwritten offering unless the Company consents to the underwriters selected by the Holders participating in the registration (which consent shall not be unreasonably withheld) and the Company shall be required to register Registrable
Securities only in such quantity as the lead managing underwriter determines, in its good faith discretion, will not jeopardize the success of the offering by the Company. To the extent that the lead managing underwriter will not permit the
registration of all of the Registrable Securities sought to be registered, in the case of a registration pursuant to Section 2.1(a), the Registrable Securities to be included shall be apportioned among the Holders on a pro rata basis (based on the
number of Securities proposed to be registered by each); 
  

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 provided, however, that the right of the underwriters to exclude Registrable Securities from the registration and
underwriting as described above shall be restricted such that all securities that are not Registrable Securities and all securities that are held by persons who are employees or directors of the Company (or any subsidiary of the Company) shall first
be excluded from such registration and underwriting before any Registrable Securities are so excluded. Those Registrable Securities and other securities that are excluded from the underwriting by reason of the managing underwriter’s marketing
limitation and all other Registrable Securities not originally requested to be so included shall not be included in such registration and shall be withheld from the market by the Holders thereof for a period, not to exceed 180 days, which the
managing underwriter reasonably determines necessary to effect the underwritten public offering. No Holder of Registrable Securities shall be entitled to participate in an underwritten offering unless such Holder enters into, and performs its
obligations under, one or more underwriting agreements and any related agreements and documents (which may include an escrow agreement and/or a power of attorney with respect to the disposition of the Registrable Securities), in the form that such
Holder shall agree to with the lead managing underwriter of the transaction. If any Holder disapproves of the terms of any underwriting, it may elect, prior to the execution of any underwriting agreement, to withdraw therefrom by written notice to
the Company and the lead managing underwriter. 
  
 2.7. Delay
of Registration.    No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration as the result of any controversy that might arise with respect to the interpretation or
implementation of this Section 2. 
  
 2.8.
Indemnification.    In the event any Registrable Securities are included in a registration statement under this Section 2: 
  
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder and each person, if any, who controls such Holder within the
meaning of the Act and the 1934 Act and their respective directors, officers, partners, stockholders, members, employees, agents and representatives and each person, if any, who controls such Holder within the meaning of the Act and the 1934 Act
(each, an “Indemnified Person”), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise
out of, are based upon or relate to (collectively, a “Violation”) (x) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary or final prospectus
contained therein or any amendments or supplements thereto or (y) 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 (z) any 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 in connection with the offering covered by any registration statement; and the Company will pay
to each Indemnified Person any reasonable legal or other expenses incurred by it in connection with investigating or defending any such loss, claim, damage, liability or action; provided that the indemnity agreement contained in this Section 2.8(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, 
  

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 liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in
strict conformity with written information furnished by a Holder expressly for use in connection with such registration or is caused by any failure by the Holder to deliver a prospectus or preliminary prospectus (or amendment or supplement thereto)
as and when required under the Act after such prospectus has been timely furnished by the Company. 
  
 (b) To the extent permitted by law, each Holder will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed
the registration statement, and each person, if any, who controls the Company within the meaning of the Act or the 1934 Act (each, an “Indemnified Person”), against any losses, claims, damages or liabilities (joint or several) to
which any of the foregoing persons may become subject, 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 is caused by (x) any untrue statement or alleged untrue statement contained in, or by any omission or alleged omission from, information furnished in writing to the Company by the Holder specifically and expressly for use in any such
registration statement or prospectus but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in reliance upon and in strict conformity with written information furnished by such
Holder specifically for use in the preparation thereof or (y) any failure by the Holder to deliver a prospectus or preliminary prospectus (or amendment or supplement thereto) as and when required under the Securities Act after such prospectus has
been timely filed by the Company. Such Holder will pay any reasonable legal or other expenses incurred by any Indemnified Person pursuant to this Section 2.8(b) in connection with investigating or defending any such loss, claim, damage, liability or
action; provided that the indemnity agreement contained in this Section 2.8(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, which
consent shall not be unreasonably withheld; provided, further, that in no event shall any indemnity under this Section 2.8(b) exceed the net proceeds from the offering received by such Holder upon its sale of Registrable Securities included in the
registration statement. 
  
 (c) Promptly after receipt by an
Indemnified Person under this Section 2.8 of notice of the commencement of any action (including any governmental action), such Indemnified Person will, if a claim in respect thereof is to be made against any indemnifying party under this Section
2.8, 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 indemnifying parties; provided that an Indemnified Person shall have the right to retain separate counsel, and the reasonable fees and expenses of such
counsel shall be paid by the indemnifying party if representation of such Indemnified Person by the counsel retained by the indemnifying party would be inappropriate (in the opinion of the Indemnified Person) due to actual or potential differing
interests between such Indemnified Person and any other party represented by such counsel in such proceeding, provided that the indemnifying party in such event shall not be responsible for the fees of more than one separate firm of attorneys (in
addition to any local counsel) for all Indemnified Persons that may be represented without conflict by one counsel. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if

  

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 materially prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to
the Indemnified Person under this Section 2.8, 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 Person otherwise than under this Section 2.8. 

 
 (d) If the indemnification provided for in this Section 2.8 is held by a
court of competent jurisdiction to be unavailable to an Indemnified Person with respect to any losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such Indemnified Person hereunder, agrees to
contribute to the amount paid or payable by such Indemnified Person as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
Indemnified Person on the other in connection with the Violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the Indemnified
Person shall be determined by a court of law 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 Person and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. No person found guilty of fraudulent misrepresentation (within the meaning of Section
11 (f) of the Act) shall be entitled to contribution hereunder from any person who was not guilty of such fraudulent misrepresentation. In no event shall a Holder’s obligation to contribute pursuant to this Section 2.8(d) exceed the net
proceeds from the offering received by such Holder upon its sale of Registrable Securities included in the registration statement. 
  
 (e) The obligations of the Company and the Holders under this Section 2.8 shall survive the completion of any offering of Registrable Securities under a
registration statement pursuant to this Section 2. 
  
 2.9.
Assignment of Registration Rights.    The rights to cause the Company to register Registrable Securities pursuant to this Section 2 may be assigned by a Holder to a transferee of Registrable Securities (other than a
competitor of the Company or any of its subsidiaries), provided that such transferee acquired such Registrable Securities in a Transfer permitted under the Subscription Agreement; and provided, further, that (i) the transferor shall, within ten (10)
days after such transfer, furnish to the Company 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 and (ii) such transferee shall agree with the
Company in writing to be subject to the terms and conditions of this Agreement to the extent then applicable. No other assignment of the Investor’s or any Holder’s rights hereunder shall be permitted, and the attempted or purported
assignment in violation of this provision shall be void. 
  
 2.10.
Rule 144 Reporting.    With a view to making available to the Holders the benefits of certain rules and regulations of the SEC that permit the sale of the Registrable Securities to the public without registration, the
Company agrees to use its best efforts to: 
  

 -11- 

 (a) Make and keep public information available, as those terms are understood and defined in SEC Rule 144
or any similar or analogous rule promulgated under the Act, at all times; 
  
 (b) File with the SEC, in a timely manner, all reports and other documents required to be filed by the Company under the Act and the 1934 Act; and 
  
 (c) So long as a Holder owns any Registrable Securities, furnish such Holder upon request a written statement by the Company
as to its compliance with the reporting requirements of SEC Rule 144 or any similar or analogous rule promulgated under the Act, and of the 1934 Act, a copy of the most recent annual or quarterly report of the Company and such other reports and
documents as a Holder may reasonably request in availing itself of any rule or regulation of the SEC allowing it to sell any such securities without registration. 
  
 Section 3    Miscellaneous. 
  
 3.1. Successors and Assigns.    The provisions of this Agreement shall inure to the benefit of
and be binding upon the respective successors and permitted assigns of the parties hereto. Any assignment of this Agreement or the rights under this Agreement made other than as provided in this Agreement shall be null and void. Nothing in this
Agreement, express or implied, is intended to confer upon any party, other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. Nothing
contained herein shall be construed as permitting any transfer of any securities of the Company in violation of any applicable law or agreement. 
  
 3.2. Governing Law.    This Agreement shall be governed by and construed in accordance with the internal laws of the State of
New York. The Investor and the Company hereby submit to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting in New York City for purposes of all legal
proceedings arising out of or relating to this Agreement and the transactions contemplated hereby. The Investor and the Company irrevocably waive, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying
of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. 
  
 3.3. Counterparts.    This Agreement may be executed in counterparts, each of which shall be
deemed an original, and all of which together shall constitute one and the same instrument. 
  
 3.4. Captions and Headings.    The captions and headings 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 or other communication required or permitted to be given or effected under this Agreement shall be in writing and shall be deemed effective upon (i) personal or facsimile delivery to the party to be notified, (ii) one business
day after deposit with an internationally recognized courier service, delivery fees prepaid, or (iii) three business days after deposit with the U.S. mail, return-receipt requested, postage prepaid, 
  

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 and in each case, addressed to the party to be notified at the following respective addresses, or at such other addresses
as may be designated by written notice; provided that any notice of change of address shall be deemed effective only upon receipt. 
  
 If to the Company: 
  
 IDT Media, Inc. 
 520 Broad Street 
 Newark, New Jersey 07102 
 Attn: Mitchell Burg 
 Telephone: (973) 438-1000 
 Fax: (973) 438-1503 
  
 with a copy to: 
  
 McDermott, Will & Emery 
 50 Rockefeller Plaza 
 New York, NY 10020-1605 
 Attn: Mark S. Selinger 
 Telephone: (212) 547-5438 
 Fax: (212) 547-5444 
  
 If to the Investor: 
  
 Liberty IDTMED, Inc. 
 12300 Liberty Boulevard 
 Englewood, Colorado 80112 
 Attn: Legal Department 
 Telephone: (720) 875-5400 
 Fax: (720) 875-5858 
  
 3.6.
Amendments and Waivers.    The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not
be given, unless the Company has obtained written consent of Holders owning in the aggregate at least 51 % of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or departure. 
  
 3.7. Severability.    If one or more provisions of
this Agreement are held to be unenforceable under applicable law, such provisions shall be excluded from this Agreement and the balance of this Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms. 
  
 3.8. Entire
Agreement.    This Agreement (together with the agreements referenced herein) contains the entire understanding of the parties hereto with respect to the subject matter contained herein, and supersedes and cancels all prior
agreements, negotiations, correspondence, undertakings and communications of the parties, oral or written, respecting such subject matter. 
  

 -13- 

 There are no restrictions, promises, representations, warranties, agreements or undertakings of any party hereto with
respect to the matters contemplated hereby, other than those set forth herein or made hereunder. 
  
 3.9. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF
THIS AGREEMENT, THE SECURITIES OR THE SUBJECT MATTER HEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AN]) THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING,
WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION 3.9 HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS SHALL NOT BE SUBJECT TO ANY
EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, SUPPLEMENTS OR MODIFICATIONS TO (OR ASSIGNMENTS OF) THIS AGREEMENT. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL (WITHOUT A JURY) BY THE COURT. 
  
 [Signatures on the following page.] 
  
  

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

			
	 IDT MEDIA, INC.
  

		
	 By:
	 	 /s/ Mitch Burg

	 	 	 Name:  Mitch Burg

	 	 	 Title:    Chief Executive Officer

  
  

			
	 LIBERTY IDTMED, INC.
  

		
	 By:
	 	 /s/ Charles Y. Tanabe

	 	 	 Name:  Charles Y. Tanabe

	 	 	 Title:    Senior Vice PresidentPrepared by R.R. Donnelley Financial -- Amended and Restated Investors' Rights Agreement

 EXHIBIT 4.2 
  

SiRF TECHNOLOGY HOLDINGS, INC. 
  
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 
  
 THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”), made and entered into as of the 14th day of February, 2003 by and among SiRF TECHNOLOGY HOLDINGS, INC., a Delaware corporation (the “Company”) and
the investors listed on Exhibit A hereto (each, an “Investor,” and together, the “Investors”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company is a party to an Agreement and Plan of Reorganization among Enuvis, Inc., a Delaware corporation (“Enuvis”), the Company
and SiRF Acquisition Corp. (the “Merger Agreement”), the Company’s and Enuvis’ obligations under which are conditioned upon the execution and delivery of this Agreement by the Company, those holders of equity securities of Enuvis
who will be receiving equity securities of the Company, and Existing Holders who hold more than fifty percent (50%) of the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred
Stock, Series F Preferred Stock, Series G Preferred Stock and Series H Preferred Stock of the Company; and 
  
 WHEREAS, in connection with the Merger Agreement, Enuvis is becoming a wholly owned subsidiary of the Company, and all of the outstanding equity
securities of Enuvis are being converted into equity securities of the Company; and 
  
 WHEREAS, the Existing Holders possess registration rights, information rights and other rights pursuant to an Amended and Restated Investors’ Rights Agreement among the Company and such holders dated as of
September 21, 2001 (the “Existing Rights Agreement”); and 
  
 WHEREAS, the undersigned Existing Holders desire to amend and restate the Existing Rights Agreement and to accept the rights created pursuant hereto in lieu of the rights granted to them under the Existing Rights Agreement: 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants set
forth herein, the Existing Holders hereby agree that the Existing Rights Agreement shall be superseded and replaced in its entirety by this Agreement, and the parties hereto further agree as follows: 
  
 1. Restrictions on Transferability of Securities; Registration Rights.

  
 1.1 Certain Definitions. As used in this Agreement, the
following terms shall have the meanings set forth below: 
  
 (a)
“Commission” shall mean the Securities and Exchange Commission or any other successor federal agency at the time administering the Securities Act. 
  
 (b) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar successor federal statute and the rules and
regulations thereunder, all as the same shall be in effect from time to time. 
  

 -1- 

 (c) “Existing Holders” shall mean Trimble Navigation Limited, a California corporation
(“Trimble”) and existing holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock and Series H Preferred
Stock Preferred Stock of the Company that possess registration rights, information rights and other rights pursuant to the Existing Rights Agreement. 
  
 (d) “Holder” shall mean any Investor who holds Registrable Securities and any holder of Registrable Securities to whom the registration rights
conferred by this Agreement have been transferred in compliance with Section 1.11 hereof. 
  
 (e) “Initiating Holders” shall mean any Holder or Holders who in the aggregate hold not less than thirty percent (30%) of the outstanding Registrable Securities. 
  
 (f) “Other Stockholders” shall mean persons other than Holders who,
by virtue of agreements with the Company, are entitled to include their securities in certain registrations. 
  
 (g) “Preferred Stock” shall mean Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series
E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and any other series of Preferred Stock, whether currently authorized or authorized in the future. 
  
 (h) “Registrable Securities” shall mean (i) shares of Common Stock
issued or issuable pursuant to the conversion of the Shares, (ii) shares of Common Stock issued or issuable pursuant to the conversion of shares issued or issuable pursuant to the conversion of warrants, (iii) shares of Common Stock issued or
issuable pursuant to the conversion of shares issued or issuable pursuant to the exercise of that certain warrant issued to Trimble for the purchase of 212,796 shares of Series F Preferred Stock, and (iv) any Common Stock issued as a dividend or
other distribution with respect to or in exchange for or in replacement of the shares referenced in (i) or (ii) above, provided, however, that Registrable Securities shall not include any shares of Common Stock which have previously been registered
or which have been sold to the public. 
  
 (i) The terms
“register,” “registered” and “registration” shall refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder,
and the declaration or ordering of the effectiveness of such registration statement. 
  
 (j) “Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this Agreement, including, without limitation, all registration, qualification, and filing fees,
printing expenses, escrow fees, fees and disbursements of counsel for the Company, blue sky fees and expenses, and expenses of any regular or special audits incident to or required by any such registration, but shall not include Selling Expenses and
fees and disbursements of counsel for the Holders (but excluding the compensation of regular employees of the Company, which shall be paid in any event by the Company). 
  
 (k) “Rule 144” shall mean Rule 144 as promulgated by the Commission under the Securities Act, as such Rule may be
amended from time to time, or any similar successor Rule that may be promulgated by the Commission. 
  

 -2- 

 (l) “Rule 145” shall mean Rule 145 as promulgated by the Commission under the Securities Act,
as such Rule may be amended from time to time, or any similar successor Rule that may be promulgated by the Commission. 
  
 (m) “Securities Act” shall mean the Securities Act of 1933, as amended, or any similar successor federal statute and the rules and regulations
thereunder, all as the same shall be in effect from time to time. 
  
 (n) “Selling Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale of Registrable Securities and fees and disbursements of counsel for any Holder (other than the fees and disbursements of
counsel included in Registration Expenses). 
  
 (o)
“Shares” shall mean the Company’s Preferred Stock. 
  
 (p) “Stockholder” shall mean any person who holds securities of the Company. 
  
 1.2 Requested Registration. 
  
 (a) Request for Registration. If the Company shall receive from Initiating Holders at any time or times after the earlier of (i) February 14, 2005
or (ii) one (1) year after the effective date of the first registration statement filed by the Company covering an underwritten offering of any of its securities to the general public, a written request that the Company effect any registration with
respect to all or a part of the Registrable Securities the aggregate proceeds of which (after deduction for underwriter’s discounts and expenses related to the issuance) exceed $8,000,000 the Company will: 
  
 (i) promptly give written notice of the proposed registration
to all other Holders; and 
  
 (ii) as soon as
practicable, use its best efforts to effect such registration (including, without limitation, filing post-effective amendments, appropriate qualifications under applicable blue sky or other state securities laws, and appropriate compliance with the
Securities Act) and as would permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or
Holders joining in such request as are specified in a written request received by the Company within twenty (20) days after such written notice from the Company is mailed or delivered. 
  
 The Company shall not be obligated to effect, or to take any action to effect, any such registration pursuant to this
Section 1.2: 
  
 (A) In any particular
jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, qualification, or compliance, unless the Company is already subject to service in such jurisdiction and except as
may be required by the Securities Act; 
  

 -3- 

 (B) After the Company has initiated two such registrations pursuant to this Section
1.2(a) (counting for these purposes only a registration which has been declared or ordered effective and pursuant to which securities have been sold and any registration which has been withdrawn by the Holders as to which the Holders have not
elected to bear the Registration Expenses pursuant to Section 1.4 hereof and would, absent such election, have been required to bear such expenses); 
  
 (C) 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 Company-initiated registration; provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become
effective; 
  
 (D) If the Initiating Holders
propose to dispose of shares of Registrable Securities which may be immediately registered on Form S-3 pursuant to a request made under Section 1.5 hereof; 
  
 (E) If the Initiating Holders do not request that such offering be firmly underwritten by underwriters selected by the Initiating Holders
(subject to the consent of the Company, which consent will not be unreasonably withheld); or 
  
 (F) If the Company and the Initiating Holders are unable to obtain the commitment of the underwriter described in clause (E) above to
firmly underwrite the offer. 
  
 (b) Subject to the foregoing
clauses (A) through (F), the Company shall file a registration statement covering the Registrable Securities so requested to be registered as soon as practicable after receipt of the request or requests of the Initiating Holders; provided, however,
that if (i) in the good faith judgment of the Board of Directors of the Company, such registration would be seriously detrimental to the Company and the Board of Directors of the Company concludes, as a result, that it is essential to defer the
filing of such registration statement at such time, and (ii) the Company shall furnish to such 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 for such registration statement to be filed in the near future and that it is, therefore, essential to defer the filing of such registration statement, then the Company shall have the right to defer such filing
for the period during which such disclosure would be seriously detrimental, provided that (except as provided in clause (C) above) the Company may not defer the filing for a period of more than one hundred eighty (180) days after receipt of the
request of the Initiating Holders, and, provided further, that the Company shall not defer its obligation in this manner more than once in any twelve-month period. 
  
 The registration statement filed pursuant to the request of the Initiating Holders may, subject to the provisions of
Sections 1.2(b) and 1.13 hereof, include other securities of the Company, with respect to which registration rights have been granted, and may include securities of the Company being sold for the account of the Company. 
  

 -4- 

 (c) Underwriting. The right of any Holder to registration pursuant to Section 1.2 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 with respect to such participation and inclusion) to the extent provided herein. A Holder may elect to include in such underwriting all or a part of the Registrable Securities he holds. 
  
 (d) Procedures. If the Company shall request inclusion in any
registration pursuant to Section 1.2 of securities being sold for its own account, or if other persons shall request inclusion in any registration pursuant to Section 1.2, the Initiating Holders shall, on behalf of all Holders, offer to include such
securities in the underwriting and may condition such offer on their acceptance of the further applicable provisions of this Section 1 (including Section 1.12). The Company shall (together with all Holders and other persons proposing to distribute
their securities through such underwriting) enter into an underwriting agreement in customary form with the representative of the underwriter or underwriters selected for such underwriting by a majority in interest of the Initiating Holders, which
underwriters are reasonably acceptable to the Company. Notwithstanding any other provision of this Section 1.2, if the representative of the underwriters advises the Initiating Holders in writing that marketing factors require a limitation on the
number of shares to be underwritten, the number of shares to be included in the underwriting or registration shall be allocated as set forth in Section 1.13 hereof. If a person who has requested inclusion in such registration as provided above does
not agree to the terms of any such underwriting, such person shall be excluded therefrom by written notice from the Company, the underwriter or the Initiating Holders. The securities so excluded shall also be withdrawn from registration. Any
Registrable Securities or other securities excluded shall also be withdrawn from such registration. If shares are so withdrawn from the registration and if the number of shares to be included in such registration was previously reduced as a result
of marketing factors pursuant to this Section 1.2(d), then the Company shall offer to all holders who have retained rights to include securities in the registration the right to include additional securities in the registration in an aggregate
amount equal to the number of shares so withdrawn, with such shares to be allocated among such Holders requesting additional inclusion in accordance with Section 1.13. 
  
 1.3 Company Registration. 
  
 (a) If the Company shall determine to register any of its securities either for its own account or the account of a security holder or holders exercising
their respective demand registration rights (other than pursuant to Section 1.2 or 1.5 hereof), other than a registration relating solely to employee benefit plans, or a registration relating solely to a Rule 145 transaction, or a registration on
any registration form that does not permit secondary sales, the Company will: 
  
 (i) promptly give to each Holder written notice thereof; and 
  
 (ii) use its best efforts to include in such registration (and any related qualification under blue sky laws or other compliance), except
as set forth in Section 1.3(b) below, and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests, made by any Holder and received by the Company within twenty (20) days after the written
notice from the Company described in clause (i) above is mailed or delivered by the 
  

 -5- 

 Company. Such written request may specify all or a part of a Holder’s Registrable Securities.

  
 (b) Underwriting. If the registration of which the
Company gives notice is for a registered public offering involving an underwriting, the Company shall so advise the Holders as a part of the written notice given pursuant to Section 1.3(a)(i). In such event, the right of any Holder to registration
pursuant to this Section 1.3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to
distribute their securities through such underwriting shall (together with the Company and the other holders of securities of the Company with registration rights to participate therein distributing their securities through such underwriting) enter
into an underwriting agreement in customary form with the representative of the underwriter or underwriters selected by the Company. 
  
 Notwithstanding any other provision of this Section 1.3, if the representative of the underwriters advises the Company in writing that marketing factors
require a limitation on the number of shares to be underwritten, the representative may (subject to the limitations set forth below) exclude all Registrable Securities from, or limit the number of Registrable Securities to be included in, the
registration and underwriting. If the registration is the first Company-initiated registered offering of the Company’s securities to the general public, the Company may limit, to the extent so advised by the underwriters, the amount of
securities (including Registrable Securities) to be included in the registration by the Stockholders (including the Holders and the Other Stockholders), or may exclude, to the extent so advised by the underwriters, such underwritten securities
entirely from such registration. If such registration is the second or any subsequent Company-initiated registered offering of the Company’s securities to the general public, the Company may limit, to the extent so advised by the underwriters,
the amount of securities to be included in the registration by the Stockholders (including the Holders and the Other Stockholders); provided, however, that the aggregate value of securities (including Registrable Securities) to be included in such
registration by the Stockholders (including the Holders and the Other Stockholders) may not be so reduced to less than twenty-five percent (25%) of the total value of all securities included in such registration, provided further, that the warrant
shares held by Trimble shall not be excluded. The Company shall so advise all holders of securities requesting registration, and the number of shares of securities that are entitled to be included in the registration and underwriting shall be
allocated first to the Company for securities being sold for its own account and thereafter as set forth in Section 1.13. If any person does not agree to the terms of any such underwriting, he shall be excluded therefrom by written notice from the
Company or the underwriter. Any Registrable Securities or other securities excluded or withdrawn from such underwriting shall be withdrawn from such registration. 
  
 If shares are so withdrawn from the registration or if the number of shares of Registrable Securities to be included in such
registration was previously reduced as a result of marketing factors, the Company shall then offer to all persons who have retained the right to include securities in the registration the right to include additional securities in the registration in
an aggregate amount equal to the number of shares so withdrawn, with such shares to be allocated among the persons requesting additional inclusion in accordance with Section 1.13 hereof. 
  

 -6- 

 1.4 Expenses of Registration. All Registration Expenses incurred in connection with any
registration, qualification or compliance pursuant to Section 1.2 hereof, and reasonable fees of one counsel for the selling Stockholders in the case of registrations pursuant to Section 1.2 shall be borne by the Company. All Selling Expenses
relating to securities so registered shall be borne by the holders of such securities pro rata on the basis of the number of shares of securities so registered on their behalf. 
  
 1.5 Registration on Form S-3. 
  
 (a) After its initial public offering, the Company shall use its best efforts to qualify for registration on Form S-3 or any
comparable or successor form or forms. After the Company has qualified for the use of Form S-3, in addition to the rights contained in the foregoing provisions of this Section 1, the Holders of Registrable Securities shall have the right to request
registrations on Form S-3 (such requests shall be in writing and shall state the number of shares of Registrable Securities to be disposed of and the intended methods of disposition of such shares by such Holder or Holders), provided, however, that
the Company shall not be obligated to effect any such registration if (i) 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) on Form S-3 at an aggregate price to the public of less than $1,000,000, or (ii) in the event that the Company shall furnish the certification described in paragraph 1.2(b)(ii) (but subject to the limitations set forth therein)
or (iii) in a given twelve (12) month period, after the Company has effected one (1) such registration in any such period or (iv) it is to be effected more than five (5) years after the Company’s initial public offering. 
  
 (b) If a request complying with the requirements of Section 1.5(a) hereof is
delivered to the Company, the provisions of Sections 1.2(a)(i) and (ii) and Section 1.2(b) hereof shall apply to such registration. If the registration is for an underwritten offering, the provisions of Sections 1.2(c) and 1.2(d) hereof shall apply
to such registration. 
  
 1.6 Registration Procedures. In
the case of each registration effected by the Company pursuant to Section 1, the Company will keep each Holder advised in writing as to the initiation of each registration and as to the completion thereof. At its expense, the Company will use its
best efforts to: 
  
 (a) Keep such registration effective for a
period of one hundred twenty (120) days or until the Holder or Holders have completed the distribution described in the registration statement relating thereto, whichever first occurs; provided, however, that such one hundred twenty (120) day period
shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company provided that applicable
rules under the Securities 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 Securities 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 Exchange Act in the registration statement; 
  

 -7- 

 (b) Prepare and file with the Commission 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 Securities Act with respect to the disposition of all securities covered by such registration statement; 
  
 (c) Furnish such number of prospectuses and other documents incident thereto,
including any amendment of or supplement to the prospectus, as a Holder from time to time may reasonably request; 
  
 (d) Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be
delivered under the Securities 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 or incomplete in light of the circumstances then existing, and at the request of any such seller, prepare and furnish to such seller a reasonable number of
copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances then existing; 
  
 (e) Cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the
Company are then listed; and 
  
 (f) Provide a transfer agent and
registrar for all Registrable Securities registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 
  
 1.7 Indemnification. 
  
 (a) The Company will indemnify each Holder, each of its officers, directors
and partners, legal counsel, and accountants and each person controlling such Holder within the meaning of Section 15 of the Securities Act, with respect to which registration, qualification, or compliance has been effected pursuant to this Section
1, and each underwriter, if any, and each person who controls within the meaning of Section 15 of the Securities Act any underwriter, against all expenses, claims, losses, damages, and liabilities (or actions, proceedings, or settlements in respect
thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any prospectus, offering circular, or other document (including any related registration statement, notification, or the like)
incident to any such registration, qualification, or compliance, or based on any 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 any
violation by the Company of the Securities Act or any Rule or regulation thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration, qualification, or compliance, and will
reimburse each such Holder, each of its officers, directors, partners, legal counsel, and accountants and each person controlling such Holder, each such underwriter, and each person who controls any such underwriter, for any legal and any other
expenses reasonably incurred in connection with 
  

 -8- 

 investigating and defending or settling any such claim, loss, damage, liability, or action, provided that the Company
will not be liable in any such case to the extent that any such claim, loss, damage, liability, or expense arises out of or is based on any untrue statement or omission based upon written information furnished to the Company by such Holder or
underwriter and stated to be specifically for use therein. It is agreed that the indemnity agreement contained in this Section 1.7(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 has not been unreasonably withheld). 
  
 (b) Each Holder will, if Registrable Securities held by him are included in the securities as to which such registration, qualification, or compliance is
being effected, indemnify the Company, each of its directors, officers, partners, legal counsel, and accountants and each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the
Company or such underwriter within the meaning of Section 15 of the Securities Act, each other such Holder and Other Stockholder, and each of their officers, directors, and partners, and each person controlling such Holder or Other Stockholder,
against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering
circular, or other document, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, Other
Stockholders, directors, officers, partners, legal counsel, and accountants, persons, underwriters, or control persons for any legal and any other expenses reasonably incurred in connection with investigating or defending any such claim, loss,
damage, liability, or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular, or
other document in reliance upon and in conformity with written information furnished to the Company by such Holder and stated to be specifically for use therein provided, however, that the obligations of such Holder hereunder shall not apply to
amounts paid in settlement of any such claims, losses, damages, or liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld). Notwithstanding the
foregoing, the obligations of a Holder hereunder shall be limited to an amount equal to the net proceeds to such Holder in connection with the sale of Registrable Securities sold as contemplated herein. 
  
 (c) Each party entitled to indemnification under this Section 1.7 (the
“Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and
shall permit the Indemnifying Party to assume the defense of such claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or any litigation resulting therefrom, shall
be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense, and provided further that the failure of any Indemnified Party to give
notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 1, to the extent such failure is not prejudicial. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the
consent of each Indemnified Party, consent to entry of any judgment or enter into any 
  

 -9- 

 settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and
as shall be reasonably required in connection with defense of such claim and litigation resulting therefrom. 
  
 (d) If the indemnification provided for in this Section 1.7 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with
respect to any loss, liability, claim, 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. Notwithstanding the foregoing, the obligations of a Holder hereunder shall be limited to an amount equal to the net proceeds to such Holder in
connection with the sale of Registrable Securities sold as contemplated herein. 
  
 (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; provided that the Holder is a party to such agreement. 
  
 1.8 Information by Holder. Each Holder of Registrable Securities shall furnish to the Company such information regarding such Holder and the
distribution proposed by such Holder as the Company may reasonably request in writing and as shall be reasonably required in connection with any registration, qualification, or compliance referred to in this Section 1. 
  
 1.9 Limitations on Registration of Issues of Securities. From and
after the date of this Agreement, the Company shall not, without the prior written consent of a majority in interest of the Holders, enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder
or prospective holder any registration rights the terms of which are more favorable than the registration rights granted to the Holders hereunder. 
  
 1.10 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission that may permit the sale
of the Restricted Securities to the public without registration, the Company agrees to use its best efforts to: 
  
 (a) Make and keep public information regarding the Company available as those terms are understood and defined in Rule 144 under the Securities Act, at
all times from and after ninety (90) days following the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 
  

 -10- 

 (b) File with the Commission in a timely manner all reports and other documents required of the Company
under the Securities Act and the Exchange Act at any time after it has become subject to such reporting requirements; 
  
 (c) So long as a Holder owns any Registrable Securities, furnish to the Holder forthwith upon written request a written statement by the Company as to its
compliance with the reporting requirements of Rule 144 (at any time from and after ninety (90) days following the effective date of the first registration statement filed by the Company for an offering of its securities to the general public), and
of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the most recent annual or quarterly report of the Company, and such other reports and documents so filed as a Holder may
reasonably request in availing itself of any Rule or regulation of the Commission allowing a Holder to sell any such securities without registration. 
  
 1.11 Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the Company under
this Section 1 may be transferred or assigned by a Holder only to a transferee or assignee of not less than 200,000 shares of Registrable Securities (as presently constituted and subject to subsequent adjustments for stock splits, stock dividends,
reverse stock splits, and the like), provided that the Company is given written notice at the time of or within a reasonable time after said transfer or assignment, stating the name and address of the transferee or assignee and identifying the
securities with respect to which such registration rights are being transferred or assigned, and, provided further, that the transferee or assignee of such rights assumes the obligations of such Holder under this Section 1. 
  
 1.12 “Market Stand-Off” Agreement. If requested by the
Company and an underwriter of Common Stock (or other securities) of the Company, a Stockholder shall not sell or otherwise transfer or dispose of any Common Stock (or other securities) of the Company held by such Stockholder (other than those
included in the registration) during the one hundred eighty (180) day period following the effective date of a registration statement of the Company filed under the Securities Act, provided that: 
  
 (a) such agreement shall only apply to the first such registration statement
of the Company; and 
  
 (b) all Holders and officers and directors
of the Company enter into similar agreements. 
  
 The obligations
described in this Section 1.12 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145
transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares (or securities) subject to the foregoing restriction until the end of said one hundred
eighty (180) day period. 
  
 1.13 Allocation of Registration
Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of

  

 -11- 

 Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a
registration on behalf of the Holders or other selling Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of
Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and other selling Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other
Shares that would be held by such Holders and other selling Stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in
such registration, if any Holder or other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to him pursuant to the above-described procedure, the remaining portion of
his allocation shall be reallocated among those requesting Holders and other selling Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would
be held by such Holders and other selling Stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders
and other selling Stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by Stockholders with no registration
rights or to include securities held by the founders of the Company or any other shares of stock issued to employees, officers, directors, or consultants pursuant to Company’s 1995 Stock Plan, as amended. 
  
 1.14 Delay of Registration. No Holder shall have any right to take any
action to restrain, enjoin, or otherwise delay any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1. 
  
 1.15 Termination of Registration Rights. The right of any Holder to request registration or inclusion in any
registration pursuant to Section 1.2, 1.3 or 1.5 shall terminate on such date after the closing of the first Company-initiated registered public offering of Common Stock of the Company as all shares of Registrable Securities held or entitled to be
held upon conversion by such Holder may immediately be sold under Rule 144 during any ninety (90) day period. The provisions of this Section 1.15 shall not apply to any Holder who owns more than one percent (1%) of the Company’s outstanding
stock until the earlier of (x) such time as such Holder owns less than one percent (1%) of the outstanding stock of the Company, or (y) the expiration of three years after the closing of the first registered public offering of Common Stock of the
Company. 
  
 2. Covenants of the Company. The Company
hereby covenants and agrees, so long as any Holder owns any Registrable Securities, as follows: 
  
 2.1 Basic Financial Information. The Company will furnish the following reports to each Holder: 
  
 (a) As soon as practicable after the end of each fiscal year of the Company,
and in any event within ninety (90) days thereafter, a consolidated balance sheet of the Company and its subsidiaries, if any, as at the end of such fiscal year, and consolidated statements of income and 
  

 -12- 

 cash flows of the Company and its subsidiaries, if any, for such year, prepared in accordance with generally accepted
accounting principles consistently applied. 
  
 (b) As soon as
practicable after the end of the first, second, and third quarterly accounting periods in each fiscal year of the Company, and in any event within forty-five (45) days thereafter, a consolidated balance sheet of the Company and its subsidiaries, if
any, as of the end of each such quarterly period, and consolidated statements of income and cash flows of the Company and its subsidiaries for such period and for the current fiscal year to date, prepared in accordance with generally accepted
accounting principles consistently applied, subject to changes resulting from normal year-end audit adjustments, and except that such financial statements need not contain the notes required by generally accepted accounting principles. 

 
 (c) From the date the Company becomes subject to the reporting
requirements of the Exchange Act (which shall include any successor federal statute), and in lieu of the financial information required pursuant to Sections 2.1(a) and (b), copies of its annual reports on Form 10-K and its quarterly reports on Form
10-Q, respectively. 
  
 (d) The provisions of this Section 2.1
shall not be in limitation of any rights which any Holder may have with respect to the books and records of the Company and its subsidiaries, or to inspect their properties or discuss their affairs, finances and accounts, under the laws of the
jurisdictions in which they are incorporated. 
  
 2.2 Right of
Participation. The Company hereby grants to each Holder who owns any Shares or any shares of Common Stock issued upon conversion of the Shares the right of participation to purchase a pro rata share of New Securities (as defined in this Section
2.2) which the Company may, from time to time, propose to sell and issue. A Holder’s pro rata share, for purposes of this right of participation, is the ratio of the number of shares of Common Stock owned by such Holder immediately prior to the
issuance of New Securities, assuming full conversion of the Shares and exercise of an option or warrant held by such Holder, to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities, assuming full
conversion of the Shares and exercise of all outstanding rights, options and warrants to acquire Common Stock of the Company. This right of participation shall be subject to the following provisions: 
  
 (a) “New Securities” shall mean any capital stock (including Common
Stock and/or Preferred Stock) of the Company whether now authorized or not, and rights, options or warrants to purchase such capital stock, and securities of any type whatsoever that are, or may become, convertible into capital stock; provided that
the term “New Securities” does not include (i) securities issued pursuant to the Merger Agreement; (ii) securities purchased under the Series F Agreement; (iii) securities issued upon conversion of the Shares; (iv) securities issued in
connection with the acquisition of another business entity or business segment of any such entity by the Company by merger, purchase of substantially all the assets or other reorganization; (v) securities issued in connection with any borrowings,
direct or indirect, from financial institutions or other persons by the Company, whether or not presently authorized, including any type of loan or payment evidenced by any type of debt instrument; (vi) securities issued to employees, consultants,
officers or directors of the Company pursuant to any stock option, stock purchase or stock bonus plan, agreement or arrangement approved by the Board of Directors; (vii) securities 
  

 -13- 

 issued in connection with corporate partnerships approved by the Board of Directors; (viii) securities issued to vendors
or customers or to other persons in similar commercial situations with the Company if such issuance is approved by the Board of Directors; (ix) securities issued in connection with obtaining lease financing, whether issued to a lessor, guarantor or
other person; (x) securities issued in connection with any stock split, stock dividend or recapitalization of the Company; (xi) securities issued with the approval of holders of a majority of the outstanding shares of Preferred Stock and the Board
of Directors; and (xii) any right, option or warrant to acquire any security convertible into the securities excluded from the definition of New Securities pursuant to subsections (i) through (x) above. 
  
 (b) In the event the Company proposes to undertake an issuance of New
Securities, it shall give each Holder written notice of its intention, describing the type of New Securities, and their price and the general terms upon which the Company proposes to issue the same. Each Holder shall have twenty (20) days after any
such notice is mailed or delivered to agree to purchase such Holder’s pro rata share of such New Securities for the price and upon the terms specified in the notice by giving written notice to the Company and stating therein the quantity of New
Securities to be purchased. 
  
 (c) In the event any Holder fails
to exercise fully the right of participation within such twenty (20) day period, the Company shall have one hundred twenty (120) days thereafter to sell or enter into an agreement (pursuant to which the sale of New Securities covered thereby shall
be closed, if at all, within one hundred twenty (120) days from the date of such agreement) to sell the New Securities respecting which the right of participation set forth in this Section 2.2 was not exercised, at a price and upon terms no more
favorable to the purchasers thereof than specified in the Company’s notice pursuant to Section 2.2(b). In the event the Company has not sold within such one hundred twenty (120) day period or entered into an agreement to sell the New Securities
in accordance with the foregoing within one hundred twenty (120) days from the date of such agreement, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Holders in the manner
provided in Section 2.2(b) above. 
  
 (d) The right of
participation granted under this Agreement shall expire upon, and shall not be applicable to, the first sale of Common Stock of the Company to the public effected pursuant to a registration statement filed with, and declared effective by the
Commission under the Securities Act, with proceeds of more than $8,000,000 and shall in any event expire on September 6, 2005. 
  
 (e) The right of participation set forth in this Section 2.2 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 Securities 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. 
  
 2.3 Key Person Life
Insurance. The Company has as of the date hereof, from financially sound and reputable insurers, a reasonable amount of term life insurance on the lives of Diosdado Banatao, Kanwar Chadha and Jackson Hu. The Company will cause to be maintained
the term life insurance required by this Section 2.3, except as otherwise decided in accordance with policies adopted by the Company’s Board of Directors. Such policies shall 
  

 -14- 

 name the Company as loss payee and shall not be cancelable by the Company without prior approval of the Board of
Directors. 
  
 2.4 Transfers of Shares. The Holders shall
be entitled to transfer or assign their Shares in accordance with federal and state securities law (including, but not limited to, Regulation S) provided that the transferee or assignee of such shares assumes, in a writing in form and substance
satisfactory to the Company, the obligations of such Holder under this Agreement, the purchase agreement pursuant to which the Holder purchased such Shares and any other agreement with respect to the Shares to which such Holder is bound. 

 
 3. Series G Preferred Stock Observation Rights and Voting Rights.

  
 (a) Observation Rights. The Company agrees that the
holders of a majority of the Series G Preferred Stock will be entitled to designate one (1) person who is an employee or director of Conexant Systems, Inc. (“Conexant”) (such designated person the “Conexant Designee”) as an
observer to meetings of the Board. The Company shall, at the Company’s expense, deliver to the Conexant Designee, copies of all notices, minutes, reports, financial statements, consents and other documents and information that it provides or
makes available to the Company’s Board of Directors, at the same time and in the same manner as it does to such directors; provided, however, that the Company has complete discretion to exclude the Conexant Designee from a portion of a meeting,
and the Company shall not be obligated to deliver written information to the Conexant Designee, if attendance at such portion of a meeting or delivery of such information would be reasonably likely to destroy the attorney-client privilege between
the Company and its counsel or disclose to the Conexant Designee information with respect to the Company of any dealings with a direct competitor of Conexant or which may put the Company at a competitive disadvantage. Conexant agrees to maintain,
and to cause the Conexant Designee, and its officers, directors, employees and agents to maintain the confidentiality of any information of the Company obtained by it and/or the Conexant Designee. The Company may also exclude from the materials sent
to the Conexant Designee any materials that the Company reasonably believes relate directly to any matter in which Conexant has a material business or financial interest (other than by reason of its interests as a stockholder of the Company). The
initial Conexant Designee shall be Moiz M. E. Begwala. Conexant may change the Conexant Designee at any time immediately upon notice to the Company; provided, however, that such Conexant Designee shall be an employee or director of Conexant and
shall be reasonably acceptable to the Company. Conexant agrees that the Conexant Designee may not serve concurrently in a similar capacity with respect to any other company which, in the reasonable judgment of the Company, is engaged in a business
that competes with the Company. The rights conferred pursuant to this Section 3(a) shall terminate upon the earlier of (i) such time as Conexant and its affiliates hold less than an aggregate of five percent (5%) of the outstanding Common Stock of
the Company (on an as converted basis), or (ii) immediately prior to the closing of the first firmly underwritten sale of shares of Common Stock to the public in an offering registered under the Securities Act other than a registration relating
solely to a transaction under Rule 145 under such Securities Act or to an employee benefit plan of the Corporation, at a public offering price which would cause the automatic conversion of the Series G Preferred Stock pursuant to the Amended and
Restated Certificate of Incorporation of the Company (a “Public Offering”). 
  

 -15- 

 (b) Voting Rights. The Company shall not enter into any transaction or series of related
transactions that would result in (i) any acquisition of the Company by means of merger or other form of corporate reorganization in which the stockholders of the Company do not own a majority of the outstanding shares of the surviving corporation
or (ii) a sale of voting control or sale of all or substantially all of the assets of the Company (each a “Potential Transaction”) if (A) a majority of the holders of Series G Preferred Stock vote against such Potential Transaction and (B)
the holders of at least ten percent (10%) of the then outstanding Preferred Stock (other than Series G Preferred Stock) on an as-converted basis vote against such Potential Transaction. This provision shall terminate immediately prior to the closing
of a Public Offering. 
  
 4. Miscellaneous. 
  
 4.1 Governing Law. This Agreement shall be governed in all respects by
the laws of the State of California, as if entered into by and between California residents exclusively for performance entirely within California. 
  
 4.2 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 
  
 4.3 Entire Agreement; Amendment; Waiver. This Agreement (including the Exhibits hereto) constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof and
thereof. Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated, except by a written instrument signed by the Company and the holders of at least a majority of the Registrable Securities and any such amendment,
waiver, discharge or termination shall be binding on all the Holders, but in no event shall the obligation of any Holder hereunder be materially increased, except upon the written consent of such Holder. 
  
 4.4 Notices, Etc. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by United States first-class mail, postage prepaid, or sent via confirmed facsimile with a duplicate sent by United States first-class mail, postage prepaid, or delivered personally by hand
or nationally recognized courier addressed (a) if to a Holder, as indicated on the signature page hereto, or at such other address as such holder or permitted assignee shall have furnished to the Company in writing, or (b) if to the Company, at its
principal offices, or at such other address as the Company shall have furnished to each holder in writing. All such notices and other written communications shall be effective (i) if mailed, five (5) days after mailing, (ii) if delivered, upon
delivery and (iii) if sent by confirmed facsimile, upon receipt by the sender of a confirmation generated by sender’s facsimile machine indicating the notice was received in full at appropriate facsimile phone number. 
  
 4.5 Delays or Omissions. No delay or omission to exercise any right,
power or remedy accruing to any Holder, upon any breach or default of the Company under this Agreement shall impair any such right, power or remedy of such Holder nor shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default therefore or thereafter occurring. Any waiver, permit,

  

 -16- 

 consent or approval of any kind or character on the part of any Holder of any breach or default under this Agreement or
any waiver on the part of any Holder of any provisions or conditions of this Agreement must be made in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or
otherwise afforded to any Holder, shall be cumulative and not alternative. 
  
 4.6 Rights; Separability. Unless otherwise expressly provided herein, a Holder’s rights hereunder are several rights, not rights jointly held with any of the other Holders. In case any provision of this
Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 4.7 Information Confidential. Each Holder acknowledges that the information received by them pursuant hereto may be
confidential and for its use only, and it will not use such confidential information in violation of the Exchange Act or reproduce, disclose or disseminate such information to any other person (other than its employees or agents having a need to
know the contents of such information, and its attorneys), except in connection with the exercise of rights under this Agreement, unless the Company has made such information available to the public generally or such Holder is required to disclose
such information by a governmental body. 
  
 4.8 Titles and
Subtitles. The titles of the paragraphs and subparagraphs of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 
  
 4.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original,
but all of which together shall constitute one instrument. 
  
 4.10 Condition Precedent to Agreement. Prior to the effective date of this Agreement, the Company had granted registration rights pursuant to the Existing Rights Agreement. This Agreement shall not bind, or grant rights to, the
parties hereto unless and until it is executed by the holders of more than fifty percent (50%) of the Registrable Securities (as such term is defined in the Existing Rights Agreement) under the Existing Rights Agreement, voting together as a class,
and the Company. 
  
 Pursuant to Section 3.3 of the Existing
Rights Agreement and subject to the execution of this Agreement by the holders of more than fifty percent (50%) of the Registrable Securities (as that term is defined in the Existing Rights Agreement), the undersigned holders of shares of
Registrable Securities (as that term is defined in the Existing Rights Agreement) hereby agree to the waiver of all registration rights granted under the Existing Rights Agreement and to replace such rights with the rights granted in this Agreement.

  
 Subject to the execution of this Agreement by the holders of
more than fifty percent (50%) of the Registrable Securities (as that term is defined in the Existing Rights Agreement), the Company represents and warrants that except as provided by this Agreement, it is under no obligation to register any of its
securities under the Securities Act. 
  
 Each party who executes
this Agreement shall be deemed to have done so with respect to all the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D 
  

 -17- 

 Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock and Series H Preferred
Stock of the Company and any other securities held by such party as of the date hereof. 
  
 4.11 Subsequent Sale of Preferred Stock. In the event that the Company conducts subsequent sales of Preferred Stock, whether currently authorized or authorized in the future, in accordance with the
Company’s Amended and Restated Certificate of Incorporation, any purchaser of such shares of Preferred Stock shall be deemed an Investor with all of the rights of an Investor under this Agreement; provided that as a condition thereto such
Investor and the Company shall sign a counterpart signature page to this Agreement. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Investors’ Rights Agreement effective as of the day and year first above written. 
  

			
	 SiRF TECHNOLOGY HOLDINGS, INC.

		
	 By
	 	 
	 	 	

	 Title
	 	  

	 Address:
	 	 148 E. Brokaw Road
 San Jose, CA 95112

  
  
  
  
 Signature Page to SiRF Technology Holdings, Inc. 
 Amended and Restated Investors’ Rights Agreement 
  

 -18-

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