Document:

Letter Agreement between the Registrant and Insight Venture Partners (Cayman) V

 Exhibit 4.11 
 SOLARWINDS.NET, INC. 
 December 14, 2005 
 Insight Venture Partners (Cayman) V, L.P. 
 680 Fifth Avenue -
8th Floor 
 New York, NY 10019 
 Attn: Blair Flicker, Esq. 
  

	 	Re:	Management Rights 

 Ladies and Gentlemen: 
 This letter will confirm our agreement that pursuant to the purchase of shares of Common Stock and Participating Preferred Stock of SolarWinds.Net, Inc.,
an Oklahoma corporation (the “Company”), by Insight Venture Partners (Cayman) V, L.P., a limited partnership organized under the laws of the Cayman Islands (the “Investor”), Investor will be entitled to the following contractual
management rights, in addition to any rights to non-public financial information, inspection rights, and other rights expressly agreed to be provided to all investors pursuant to the agreed documentation in connection with such purchase: 

1. Investor shall be entitled to consult with and express its views as to the management of the Company on significant business issues, including
management’s proposed annual operating plans, and management will meet with Investor during each year at the Company’s facilities at mutually agreeable times for such purposes and to review progress in achieving said plans. 
 2. Investor may examine the books and records of the Company and inspect its facilities and may request information at reasonable times and intervals
concerning the general status of the Company’s financial condition and operations, provided that access to highly confidential proprietary information and facilities need not be provided. 
 3. The Company hereby acknowledges that pursuant to Section 2.1.1 of the Stockholders Agreement, dated as of December 14, 2005, by and among
the Company, Investor and the other stockholders of the Company identified therein (the “Agreement”), Investor together with its affiliates have a right to appoint two directors to the Board of Directors of the Company (the
“Board”) and that the Investor and its affiliates have designated Michael Triplett and Jeff Horing to initially serve as directors. 
 4. The Company further understands and agrees that Investor may assign and/or transfer the rights set forth herein to any other investor advised or managed by Insight Venture Associates V, LLC. 

 5. If the Investor has not exercised its rights as referred to at paragraph 3 above, the Company shall
invite a representative of the Investor to attend all meetings of its Board, in a nonvoting observer capacity and, in this respect, shall give such representative copies of all notices, minutes, consents, and other materials that it provides to its
directors, except that the representative may be excluded from access to any material or meeting or portion thereof if the Company believes, upon advice of counsel, that such exclusion is reasonably necessary to preserve the attorney-client
privilege, to protect highly confidential proprietary information or for other similar reasons. Such representative may participate in discussions of matters brought to the Board. 
 The aforementioned rights are intended to satisfy the requirement of management rights for purposes of qualifying the Investor’s investments in the
Company as “venture capital investments” for purposes of the Department of Labor “plan assets” regulation, 29 C.F.R. §2510.3-101. In the event the aforementioned rights are not satisfactory for such purpose, the Company and
the Investor shall reasonably cooperate in good faith to agree upon mutually satisfactory management rights that satisfy such regulations. 
 The rights described herein shall terminate and be of no further force or effect upon the earlier to occur of the following: (i) a Change of Control or an Initial Public Offering (each as defined in the Agreement) and (ii) the
date on which Investor does not beneficially own, either directly or indirectly, any interest in or capital stock of the Company. 
 [Remainder of page left intentionally blank.] 

			
	Very truly yours,
	
	SOLARWINDS.NET, INC.
		
	By:	 	/S/    DAVID YONCE
		 	 Name:
 Title:Letter Agrmt. between Registrant and Insight Venture Partners V (Coinvestment)

 Exhibit 4.12 
 SOLARWINDS.NET, INC. 
 December 14, 2005 
 Insight Venture Partners V (Coinvestment), L.P. 
 680 Fifth Avenue 
 8th Floor

 New York, NY 10019 
 Attn: Blair Flicker, Esq. 
  

	 	Re:	Management Rights 

 Ladies and Gentlemen: 
 This letter will confirm our agreement that pursuant to the purchase of shares of Common Stock and Participating Preferred Stock of SolarWinds.Net, Inc.,
an Oklahoma corporation (the “Company”), by Insight Venture Partners V (Coinvestment), L.P., a Delaware limited partnership (the “Investor”), Investor will be entitled to the following contractual management rights, in addition
to any rights to non-public financial information, inspection rights, and other rights expressly agreed to be provided to all investors pursuant to the agreed documentation in connection with such purchase: 
 1. Investor shall be entitled to consult with and express its views as to the management of the Company on significant business issues, including
management’s proposed annual operating plans, and management will meet with Investor during each year at the Company’s facilities at mutually agreeable times for such purposes and to review progress in achieving said plans. 
 2. Investor may examine the books and records of the Company and inspect its facilities and may request information at reasonable times and intervals
concerning the general status of the Company’s financial condition and operations, provided that access to highly confidential proprietary information and facilities need not be provided. 
 3. The Company hereby acknowledges that pursuant to Section 2.1.1 of the Stockholders Agreement, dated as of December 14, 2005, by and among
the Company, Investor and the other stockholders of the Company identified therein (the “Agreement”), Investor together with its affiliates have a right to appoint two directors to the Board of Directors of the Company (the
“Board”) and that the Investor and its affiliates have designated Michael Triplett and Jeff Horing to initially serve as directors. 
 4. The Company further understands and agrees that Investor may assign and/or transfer the rights set forth herein to any other investor advised or managed by Insight Venture Associates V, LLC. 

 5. If the Investor has not exercised its rights as referred to at paragraph 3 above, the Company shall
invite a representative of the Investor to attend all meetings of its Board, in a nonvoting observer capacity and, in this respect, shall give such representative copies of all notices, minutes, consents, and other materials that it provides to its
directors, except that the representative may be excluded from access to any material or meeting or portion thereof if the Company believes, upon advice of counsel, that such exclusion is reasonably necessary to preserve the attorney-client
privilege, to protect highly confidential proprietary information or for other similar reasons. Such representative may participate in discussions of matters brought to the Board. 
 The aforementioned rights are intended to satisfy the requirement of management rights for purposes of qualifying the Investor’s investments in the
Company as “venture capital investments” for purposes of the Department of Labor “plan assets” regulation, 29 C.F.R. §2510.3-101. In the event the aforementioned rights are not satisfactory for such purpose, the Company and
the Investor shall reasonably cooperate in good faith to agree upon mutually satisfactory management rights that satisfy such regulations. 
 The rights described herein shall terminate and be of no further force or effect upon the earlier to occur of the following: (i) a Change of Control or an Initial Public Offering (each as defined in the Agreement) and (ii) the
date on which Investor does not beneficially own, either directly or indirectly, any interest in or capital stock of the Company. 
 [Remainder of page left intentionally blank.] 

			
	Very truly yours,
	
	SOLARWINDS.NET, INC.
		
	By:	 	/S/    DAVID YONCE
		 	 Name:
 Title:Letter Agreement

 Exhibit 4.13 
 SolarWinds.Net, Inc. 
 SolarWinds.Net, LLC 
 8221 East 63rd Place 
 Tulsa, Oklahoma 74133

 December 13, 2005 
 Bain Capital Venture Partners, LLC

 111 Huntington Avenue 
 Boston, MA 02199 
 Facsimile: (617) 516-2010 
 Attn: J. Benjamin Nye 
 SolarWinds Management, LLC 
 c/o SolarWinds.Net, Inc. 
 8221 East 63rd Place 
 Tulsa, Oklahoma 74133 
 Attn: Donald C. Yonce 
 Yonce Management, LLC 
 c/o SolarWinds.Net, Inc. 
 8221 East 63rd Place 
 Tulsa, Oklahoma 74133 
 Attn: David A. Yonce 
 Ladies and Gentlemen: 
 This letter confirms our
understanding that SolarWinds.Net, Inc., an Oklahoma corporation “Holdings”) and SolarWinds.Net, LLC, a Delaware limited liability company (“OpCo,” and together with Holdings, the “Companies”) have
engaged each of Bain Capital Venture Partners, LLC, a Delaware limited liability company (“Bain”), SolarWinds Management, LLC (“SWM”) and Yonce Management, LLC (“YM,” and collectively with Bain and
SWM, the “Managing Parties”) to provide management and monitoring services to the Companies upon the request of the Companies from time to time. These services are to be provided severally in respect of each of the Managing Parties
in connection with ongoing business and financial matters, including general management and monitoring services, monitoring of operating and cash flow requirements, monitoring of corporate liquidity and other ordinary and necessary corporate finance
concerns (including acquisition, advisory and finance matters and any public or private offering of securities). 
 In consideration for the
agreement of each of the Managing Parties to provide such management and monitoring services, the Companies agree to pay the Managing Parties an annual fee of $666,666.67 (the “Management Fee”), payable annually in arrears, with the
first payment due on December 31, 2006 and each payment thereafter due on the last day of each succeeding fiscal year of the Companies. The annual Management Fee shall be paid as follows: (1) $333,333.33 to Bain, (2) $300,000.00 to
SWM, and (3) $33,333.34 to YM. The Management Fee is for management and monitoring services to be rendered by each of the Managing Parties and its employees and partners and affiliates and not for any such services to be rendered by any other
person. Any additional services to be provided by the Managing Parties, and any additional fee therefor, will be agreed to in writing by the parties. 

 The Companies also agree to pay the Managing Parties, on the date of the Closing (as defined in the Stock
Purchase Agreement, dated as of December 14, 2005 among the Sellers, Holdings and the Purchasers), a fee in the amount of $666,666.67 in connection with the structuring of the senior financing for the transactions contemplated by the Purchase
Agreement, such payment to be made as follows: (1) $333,333.33 to Bain, (2) $300,000.00 to SWM, and (3) $33,333.34 to YM. 
 Each payment made by the Companies hereunder shall be paid by wire transfer of immediately available federal funds to the accounts specified on Schedule I hereto, or as each Managing Party may otherwise specify to the Company in
writing prior to such payment. 
 Notwithstanding anything else contained herein, the Companies agree that each Managing Party and its
members, partners, officers, agents and representatives will have no liability to either of the Companies (or any other party) in connection with the services rendered pursuant to the Agreement (whether in tort, contract or otherwise) for claims,
liabilities, damages, losses or expenses unless, and only to the extent such claims, liabilities, damages, losses or expenses are finally determined by judgment of a court of competent jurisdiction to have resulted solely from the gross negligence
or willful misconduct of such Managing Party. 
 This letter agreement will terminate as to each Managing Party when such Managing Party and
its affiliates, in the aggregate, cease to hold the Requisite Threshold (as defined in the certificate of incorporation of Holdings). In addition, the Company may terminate this letter agreement upon five business day’s prior written notice to
each of the Managing Parties. 
 All payment and other obligations of the Companies under this letter agreement shall be joint and several
obligations of each of the Companies. This letter constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and will not be amended except in writing by the parties hereto. This letter agreement shall be
governed by and construed in accordance with the domestic substantive laws of the State of New York without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any
other jurisdiction. 

 If the foregoing accurately describes our agreement with respect to the foregoing, please so indicate by
signing this letter in the space indicated below. 
  

			
	Very truly yours,
	
	SOLARWINDS.NET, INC.
		
	By:	 	/S/    DAVID YONCE
		 	 Name: David Yonce
 Title:
President

	
	SOLARWINDS.NET, LLC.
		
	By:	 	/S/    DAVID YONCE
		 	 Name: David Yonce
 Title:
President

  

			
	 The foregoing is hereby
 agreed to and
accepted:

	
	BAIN CAPITAL VENTURE PARTNERS, LLC
		
	By:	 	/S/    MICHAEL KRUPKA
	 Name: Michael Krupka
 Title: Managing
Director

  

			
	SolarWinds Management, LW
		
	By:	 	/S/    DON YONCE
	 Name:
 Title:

  

			
	Yonce Management, LLC
		
	By:	 	/S/    DAVID YONCE
	 Name: David Yonce
 Title: Sole
Member

  

 SolarWinds Management Letter

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