Document:

<PAGE>

                                                                    EXHIBIT 10.1

                FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT
                             AND WAIVER OF DEFAULTS

                  THIS FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT AND
WAIVER OF DEFAULTS (the "Amendment"), dated August _13_, 2007, is entered into
by and among Emrise Corporation, a Delaware corporation, Emrise Electronics
Corporation, a New Jersey corporation, RO Associates Incorporated, a California
corporation, CXR Larus Corporation, a Delaware corporation (collectively, the
"Borrowers"), and WELLS FARGO BANK, NATIONAL ASSOCIATION (the "Lender"), acting
through its Wells Fargo Business Credit operating division.

                                    RECITALS

A. The Borrowers and the Lender are parties to a Credit and Security Agreement
dated as of December 1, 2006 (as amended from time to time, the "Credit
Agreement"). Capitalized terms used in these recitals have the meanings given to
them in the Credit Agreement unless otherwise specified.

B. The Borrowers have requested that (i) certain amendments be made to the
Credit Agreement, and (ii) certain Events of Default be waived, both of which
the Lender is willing to agree to pursuant to the terms and conditions set forth
herein.

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements herein contained, it is agreed as follows:

                  1. Section 6.2(a) of the Credit Agreement is hereby deleted in
its entirety and restated as follows:

                           "(a) MINIMUM BOOK NET WORTH. The Borrowers, on a
                  consolidated basis, will maintain, during each month described
                  below, their Book Net Worth, determined as of the end of each
                  calendar month, in an amount not less than the amount set
                  forth for each such period:

                                       1

<PAGE>

                   Period                         Minimum Book Net Worth
                   ------                         ----------------------

        Calendar month ending June 30, 2007,    The sum of (i) $23,000,000 and
        and each calendar month thereafter:     (ii) 90% of Borrowers'
                                                consolidated Net Income for each
                                                calendar quarter ending on or
                                                after September 30, 2007, but
                                                only to the extent such Net
                                                Income for each such quarter is
                                                positive.

                  Borrowers' Book Net Worth calculation shall be adjusted by
                  Lender to eliminate any foreign translation adjustments
                  occurring on or after June 30, 2007. The foregoing minimum
                  Book Net Worth for Borrowers shall be adjusted by Lender on an
                  annual basis for the calendar year ending December 31, 2008,
                  and continuing each year thereafter, such that the minimum
                  required Book Net Worth shall be the greater of (i) the
                  required Book Net Worth determined in accordance with the
                  above requirements as if no adjustment had been made, and (ii)
                  an amount equal to the actual Book Net Worth of the Borrowers
                  as determined by Borrowers' audited consolidated year-end
                  financial statements less $500,000."

                  2. Section 6.2(b) of the Credit Agreement is hereby deleted in
its entirety and restated as follows:

                           "(b) MINIMUM NET INCOME. The Borrowers will achieve,
                  for each year to date period described below, determined as of
                  the end of such period, Net Income of not less than the amount
                  set forth for each such period (numbers appearing between
                  "(     )" are negative):

                                 Period                       Minimum Net Income
                                 ------                       ------------------

                  January 1, 2007 through June 30, 2007          ($1,515,000)

                  January 1, 2007 through July 31, 2007          ($1,430,000)

                  January 1, 2007 through August 31, 2007        ($1,290,000)

                  January 1, 2007 through September 30, 2007     ($1,150,000)

                  January 1, 2007 through October 31, 2007         ($715,000)

                  January 1, 2007 through November 30, 2007        ($280,000)

                  January 1, 2007 through December 31, 2007         $100,000

                                       2

<PAGE>

                  Borrowers' Net Income calculation shall be adjusted by Lender
                  to eliminate any foreign translation adjustments occurring on
                  or after June 30, 2007."

                  3. Section 6.2(c) of the Credit Agreement is hereby deleted in
its entirety and restated as follows:

                           "(c) MINIMUM DEBT SERVICE COVERAGE RATIO. The
                  Borrowers, on a consolidated basis, will maintain a Debt
                  Service Coverage Ratio, determined as at the end of each
                  calendar quarter for the period indicated below, of not less
                  than the ratio set forth for each such period:

                                                            Minimum Debt Service
                   Test Dates/Periods                          Coverage Ratio
                   ------------------                          --------------

  December 31, 2007, and the last day of each calendar          1.20 to 1.00
quarter thereafter, for the four quarter period ending on
         the last day of such calendar quarter.

                  4. NO OTHER CHANGES. Except as explicitly amended or waived by
this Amendment, all of the terms and conditions of the Credit Agreement shall
remain in full force and effect and shall apply to any advance or letter of
credit thereunder.

                  5. WAIVER OF DEFAULTS. The Borrowers are in default of the
following provisions of the Credit Agreement with respect to the calendar months
ending April 30, 2007 and May 31, 2007 (collectively, the "Existing Defaults"):

<TABLE>
------------------------- ----------------------------------------------- ------------------ -------------------------
                                                                              Required
    Section/Covenant                     Test Date/Period                    Performance        Actual Performance
------------------------- ----------------------------------------------- ------------------ -------------------------
<S>                            <C>                                           <C>                 <C>
Section 6.2(a)                 Calendar month ending April 30, 2007          $26,900,000         $23,433,000
------------------------- ----------------------------------------------- ------------------ -------------------------

Section 6.2(a)                  Calendar month ending May 31, 2007           $26,900,000         $23,251,000
------------------------- ----------------------------------------------- ------------------ -------------------------
</TABLE>

Upon the terms and subject to the conditions set forth in this Amendment, the
Lender hereby waives the Existing Defaults. This waiver shall be effective only
in this specific instance and for the specific purpose for which it is given,
and this waiver shall not entitle the Borrowers to any other or further waiver
in any similar or other circumstances.

                                       3

<PAGE>

                  6. AMENDMENT FEE. The Borrowers shall pay the Lender as of the
date hereof a fully-earned and non-refundable fee in the amount of $10,000 in
consideration of the Lender's execution and delivery of this Amendment.

                  7. CONDITIONS PRECEDENT. This Amendment, and the waiver set
forth in Section 5 of this Amendment, shall be effective when the Lender shall
have received and accepted an executed facsimile of this Amendment, together
with each of the following, each in substance and form acceptable to the Lender
in its sole discretion:

                  (a) Payment of the fee described in Section 6 of this
Amendment.

                  8. CONDITIONS SUBSEQUENT. The following documents, each in
substance and form acceptable to the Lender in its sole discretion, shall be
required as indicated, otherwise, Borrowers will be in default of the Credit
Agreement:

                  (a) The Acknowledgment and Agreement of Subordinated Creditors
set forth at the end of this Amendment, duly executed by the Subordinated
Creditors and received by Lender within 30 business days of the date of this
amendment; and

                  (b) A Certificate of the Secretary of each Borrower certifying
as to (i) the resolutions of the board of directors of such Borrower approving
the execution and delivery of this Amendment, (ii) the fact that the articles of
incorporation and bylaws of such Borrower, which were certified and delivered to
the Lender pursuant to the Certificate of Authority of such Borrower's secretary
or assistant secretary dated December 1, 2006, continue in full force and effect
and have not been amended or otherwise modified except as set forth in the
Certificate to be delivered, and (iii) certifying that the officers and agents
of such Borrower who have been certified to the Lender, pursuant to the
Certificate of Authority of such Borrower's secretary or assistant secretary
dated December 1, 2006, as being authorized to sign and to act on behalf of such
Borrower continue to be so authorized or setting forth the sample signatures of
each of the officers and agents of such Borrower authorized to execute and
deliver this Amendment and all other documents, agreements and certificates on
behalf of such Borrower, each and all received by Lender within 15 business days
of the date of this amendment.

                  9. REPRESENTATIONS AND WARRANTIES. Each Borrower hereby
represents and warrants to the Lender as
follows:

                  (a) Such Borrower has all requisite power and authority to
execute this Amendment and any other agreements or instruments required
hereunder and to perform all of its obligations hereunder, and this Amendment
and all such other agreements and instruments has been duly executed and
delivered by such Borrower and constitute the legal, valid and binding
obligation of such Borrower, enforceable in accordance with its terms.

                                       4

<PAGE>

                  (b) The execution, delivery and performance by such Borrower
of this Amendment and any other agreements or instruments required hereunder
have been duly authorized by all necessary corporate action and do not (i)
require any authorization, consent or approval by any governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign, (ii)
violate any provision of any law, rule or regulation or of any order, writ,
injunction or decree presently in effect, having applicability to such Borrower,
or the articles of incorporation or by-laws of such Borrower, or (iii) result in
a breach of or constitute a default under any indenture or loan or credit
agreement or any other agreement, lease or instrument to which such Borrower is
a party or by which it or its properties may be bound or affected.

                  (c) All of the representations and warranties contained in
Article V of the Credit Agreement are correct on and as of the date hereof as
though made on and as of such date, except to the extent that such
representations and warranties relate solely to an earlier date.

                  10. REFERENCES. All references in the Credit Agreement to
"this Agreement" shall be deemed to refer to the Credit Agreement as amended
hereby; and any and all references in the Security Documents to the Credit
Agreement shall be deemed to refer to the Credit Agreement as amended hereby.

                  11. NO OTHER WAIVER. Except as otherwise provided in Section 5
of this Amendment, the execution of this Amendment and the acceptance of all
other agreements and instruments related hereto shall not be deemed to be a
waiver of any Default or Event of Default under the Credit Agreement or a waiver
of any breach, default or event of default under any Security Document or other
document held by the Lender, whether or not known to the Lender and whether or
not existing on the date of this Amendment.

                  12. RELEASE. The Borrowers, and each Subordinated Creditor
signing the Acknowledgment and Agreement of Subordinated Creditors set forth
below, hereby absolutely and unconditionally release and forever discharge the
Lender, and any and all participants, parent corporations, subsidiary
corporations, affiliated corporations, insurers, indemnitors, successors and
assigns thereof, together with all of the present and former directors,
officers, agents and employees of any of the foregoing, from any and all claims,
demands or causes of action of any kind, nature or description, whether arising
in law or equity or upon contract or tort or under any state or federal law or
otherwise, which the Borrowers or each Subordinated Creditor has had, now has or
has made claim to have against any such person for or by reason of any act,
omission, matter, cause or thing whatsoever arising from the beginning of time
to and including the date of this Amendment, whether such claims, demands and
causes of action are matured or unmatured or known or unknown.

                  13. COSTS AND EXPENSES. The Borrowers hereby reaffirm their
agreement under the Credit Agreement to pay or reimburse the Lender on demand
for all costs and expenses incurred by the Lender in connection with the Loan
Documents, including without limitation all reasonable fees and disbursements of

                                       5

<PAGE>

legal counsel. Without limiting the generality of the foregoing, the Borrowers
specifically agree to pay all fees and disbursements of counsel to the Lender
for the services performed by such counsel in connection with the preparation of
this Amendment and the documents and instruments incidental hereto. The
Borrowers hereby agree that the Lender may, at any time or from time to time in
its sole discretion and without further authorization by the Borrowers, make a
loan to the Borrowers under the Credit Agreement, or apply the proceeds of any
loan, for the purpose of paying any such fees, disbursements, costs and expenses
and the fee required under Section 6 of this Amendment.

                  14. MISCELLANEOUS. This Amendment and the Acknowledgment and
Agreement of Subordinated Creditors may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original and all of which counterparts, taken together, shall constitute one and
the same instrument.

                          [Signatures on the next page]

                                       6

<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

WELLS FARGO BANK, NATIONAL ASSOCIATION

By  /s/ Phillip Goessler
    ---------------------------------------------
    Phillip Goessler
    ---------------------------------------------
    Its Vice President

EMRISE CORPORATION

By  /s/ Carmine T. Oliva
    ---------------------------------------------
    Carmine T. Oliva
    ---------------------------------------------
    Its President and Chief Executive Officer

EMRISE ELECTRONICS CORPORATION

By  /s/ Carmine T. Oliva
    ---------------------------------------------
    Carmine T. Oliva
    ---------------------------------------------
    Its Chief Executive Officer

RO ASSOCIATES INCORPORATED

By  /s/ Carmine T. Oliva
    ---------------------------------------------
    Carmine T. Oliva
    ---------------------------------------------
    Its Chief Executive Officer

CXR LARUS CORPORATION

By  /s/ Carmine T. Oliva
    ---------------------------------------------
    Carmine T. Oliva
    ---------------------------------------------
    Its Chief Executive Officer

                                      S-1

<PAGE>

             ACKNOWLEDGMENT AND AGREEMENT OF SUBORDINATED CREDITORS

                  The undersigned, each a subordinated creditor of Emrise
Corporation, Emrise Electronics Corporation, RO Associates Incorporated, and CXR
Larus Corporation (collectively, the "Borrowers") to Wells Fargo Bank, National
Association (the "Lender"), acting through its Wells Fargo Business Credit
operating division, pursuant to a Subordination Agreement to which it is a party
dated December 1, 2006 (each, a "Subordination Agreement"), hereby (i)
acknowledges receipt of the foregoing Amendment; (ii) consents to the terms
(including without limitation the release set forth in Section 11 of the
Amendment) and execution thereof; (iii) reaffirms all obligations to the Lender
pursuant to the terms of such Subordination Agreement; and (iv) acknowledges
that the Lender may amend, restate, extend, renew or otherwise modify the Loan
Documents and any indebtedness or agreement of the Borrowers, or enter into any
agreement or extend additional or other credit accommodations, without notifying
or obtaining the consent of the undersigned and without impairing the
obligations of the undersigned under such Subordination Agreement.

                                          __________________________________
                                          NOEL MCDERMOTT, trustee of the Noel
                                          C. McDermott Revocable Living Trust
                                          dated December 18, 1995

                                          ___________________________________
                                          WARREN P. YOST, co-trustee Under
                                          Declaration of Trust dated March 9,
                                          1988

                                          ___________________________________
                                          GAIL A. YOST, co-trustee Under
                                          Declaration of Trust dated March 9,
                                          1988

                                      S-1Exhibit
4.3

 

 

RELIANT
TECHNOLOGIES, INC.

AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
   

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 1.

  	
   

  	
  GENERAL

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  Amendment and Restatement of Prior Agreement

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.2

  	
   

  	
  Definitions

  	
   

  	
  2

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2.

  	
   

  	
  REGISTRATION; RESTRICTIONS ON
  TRANSFER

  	
   

  	
  3

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
  Restrictions on Transfer

  	
   

  	
  3

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.2

  	
   

  	
  Demand Registration

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.3

  	
   

  	
  Piggyback Registrations

  	
   

  	
  6

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.4

  	
   

  	
  Form S-3 Registration

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.5

  	
   

  	
  Expenses of Registration

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.6

  	
   

  	
  Obligations of the Company

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.7

  	
   

  	
  Termination of Registration Rights

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.8

  	
   

  	
  Delay of Registration; Furnishing Information

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.9

  	
   

  	
  Indemnification

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.10

  	
   

  	
  Assignment of Registration Rights

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.11

  	
   

  	
  Amendment of Registration Rights

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.12

  	
   

  	
  Limitation on Subsequent Registration Rights

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.13

  	
   

  	
  “Market Stand-Off” Agreement

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.14

  	
   

  	
  Agreement to Furnish Information

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.15

  	
   

  	
  Rule 144 Reporting

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.

  	
   

  	
  COVENANTS OF THE COMPANY

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
  Basic Financial Information and Reporting

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.2

  	
   

  	
  Inspection Rights

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.3

  	
   

  	
  Confidentiality of Records

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.4

  	
   

  	
  Reservation of Common Stock

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.5

  	
   

  	
  Visitation Rights

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.6

  	
   

  	
  Termination of Covenants

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4.

  	
   

  	
  RIGHTS OF FIRST REFUSAL

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Subsequent Offerings

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.2

  	
   

  	
  Exercise of Rights

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.3

  	
   

  	
  Sale Without Notice

  	
   

  	
  18

  

 

 

	
   

  	
   

  	
   

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.4

  	
   

  	
  Termination and Waiver of Rights of First Refusal

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.5

  	
   

  	
  Transfer of Rights of First Refusal

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.6

  	
   

  	
  Excluded Securities

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION
  5.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Governing Law

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.2

  	
   

  	
  Successors and
  Assigns

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.3

  	
   

  	
  Entire Agreement

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.4

  	
   

  	
  Severability

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.5

  	
   

  	
  Amendment and Waiver

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.6

  	
   

  	
  Delays or
  Omissions

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.7

  	
   

  	
  Notices

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.8

  	
   

  	
  Attorneys’ Fees

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.9

  	
   

  	
  Titles and
  Subtitles

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.10

  	
   

  	
  Additional
  Investors

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.11

  	
   

  	
  Counterparts

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.12

  	
   

  	
  Aggregation of
  Stock

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.13

  	
   

  	
  Pronouns

  	
   

  	
  22

  
							

 

ii

 

RELIANT TECHNOLOGIES, INC.

AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT

 

THIS AMENDED AND RESTATED INVESTOR RIGHTS
AGREEMENT (the “Agreement”) is entered into as of the 12th
day of March 2007 (the “Effective
Date”), by and among Reliant Technologies, Inc., a Delaware
corporation (the “Company”)
and the investors listed on Exhibit A
hereto, referred to hereinafter as the “Investors” and each individually as an “Investor.”

 

RECITALS

 

WHEREAS, certain of the
Investors are purchasing shares of the Company’s Series E Preferred Stock
pursuant to that certain Series E Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date
herewith (the “Financing”);

 

WHEREAS, the obligations in the
Purchase Agreement are conditioned upon the execution and delivery of this
Agreement;

 

WHEREAS, certain of the
Investors (the “Prior Investors”) are
holders of the Company’s Series B Preferred Stock, Series C Preferred
Stock, and/or Series D Preferred Stock;

 

WHEREAS, the Prior Investors and
the Company are parties to an Amended and Restated Investor Rights Agreement
dated March 9, 2006, as amended to date (the “Prior
Agreement”) and constitute holders of at least two-thirds of the
Registrable Securities under the Prior Agreement as of the date hereof;

 

WHEREAS, the parties to the
Prior Agreement desire to amend and restate the Prior Agreement and accept the
rights and covenants hereof in lieu of their rights and covenants under the
Prior Agreement; and

 

WHEREAS, in connection with the
consummation of the Financing, the Company and the Investors have agreed to the
registration rights, information rights, and other rights as set forth below.

 

NOW, THEREFORE, in consideration
of these premises and for other good and valid consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

 

SECTION 1.         GENERAL.

 

1.1          Amendment
and Restatement of Prior Agreement.  The Prior Agreement is hereby
amended in its entirety and restated herein. Such amendment and restatement is
effective upon the execution of the Agreement by the Company, the holders of at
least two-thirds of the Registrable
Securities held by the Prior Investors as of the date of this Agreement. Upon
such execution, all provisions of, rights granted and covenants made in the
Prior Agreement are hereby waived, released and superseded in their entirety
and shall have no further force or effect, 

 

1

 

including,
without limitation, all rights of first refusal and any notice period
associated therewith otherwise applicable to the transactions contemplated by
the Purchase Agreement.

 

1.2          Definitions.  As used in
this Agreement the following terms shall have the following respective
meanings:

 

(a)           “Exchange Act”  means the Securities Exchange Act of 1934, as amended.

 

(b)           “Form S-3”  means such form under the Securities Act as in effect
on the date hereof or any successor or similar registration form under the Securities
Act subsequently adopted by the SEC which permits inclusion or incorporation of
substantial information by reference to other documents filed by the Company
with the SEC.

 

(c)           “Holder”  means any person owning of record Registrable
Securities that have not been sold to the public or any assignee of record of
such Registrable Securities in accordance with Section 2.8 hereof.

 

(d)           “Initial Offering”  means the Company’s first firm commitment underwritten
public offering of its Common Stock registered under the Securities Act.

 

(e)           “Register,” “registered,”
and “registration”  refer to a registration effected by
preparing and filing a registration statement in compliance with the Securities
Act, and the declaration or ordering of effectiveness of such registration
statement or document.

 

(f)            “Registrable Securities”  means (a) Common Stock of the Company issuable or
issued upon conversion of the Shares, (b) Common Stock of the Company issuable
or issued upon conversion of the Warrant Shares, and (c) Common Stock of the
Company issued as (or issuable upon the conversion or exercise of any warrant,
right or other security which is issued as) a dividend or other distribution
with respect to, or in exchange for or in replacement of, the securities
described in clauses (a) and (b). Notwithstanding the foregoing, Registrable
Securities shall not include any securities (i) sold by a person to the public
either pursuant to a registration statement or Rule 144, (ii) sold in a private
transaction in which the transferor’s rights under Section 2 of this
Agreement are not assigned or (iii) held by a Holder (together with its
affiliates) if, as reflected on the Company’s list of stockholders, such Holder
(together with its affiliates) holds less than 1% of the Company’s outstanding
Common Stock (treating all shares of Preferred Stock on an as converted basis),
the Company has completed its Initial Offering and all shares of Common Stock
of the Company issuable or issued upon conversion of the Shares held by and
issuable to such Holder (and its affiliates) may be sold pursuant to Rule 144
during any ninety (90) day period.

 

(g)           “Registrable Securities
then outstanding”  shall be
the number of shares of the Company’s Common Stock that are Registrable
Securities and either (a) are then issued and outstanding or (b) are
issuable pursuant to then exercisable or convertible securities.

 

(h)           “Registration Expenses”  shall mean all expenses incurred by the Company in
complying with Section 2.2, 2.3 and 2.4 hereof, including, without limitation,
all registration and filing fees, printing expenses, fees and disbursements of
counsel for the Company, fees and disbursements of one counsel for all Holders
registering securities in any 

 

2

 

given registration not to
exceed $35,000, blue sky fees and expenses and the expense of any special
audits incident to or required by any such registration (but excluding the
compensation of regular employees of the Company which shall be paid in any
event by the Company).

 

(i)            “SEC” or “Commission”  means the Securities and Exchange
Commission.

 

(j)            “Securities Act”  shall mean the Securities Act of 1933, as amended.

 

(k)           “Selling Expenses”  shall mean all underwriting discounts and selling
commissions applicable to the sale.

 

(l)            “Shares”  shall mean the Company’s Series B Preferred Stock,
Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock
held by the Investors listed on Exhibit A
hereto, as amended from time to time, and their permitted assigns.

 

(m)          “Special Registration
Statement” shall mean (i) a registration statement relating to
any employee benefit plan or (ii) with respect to any corporate reorganization
or transaction under Rule 145 of the Securities Act, including any
registration statements related to the issuance or resale of securities issued
in such a transaction or (iii) a registration related to stock issued upon
conversion of debt securities.

 

(n)           “Warrants”  shall mean those certain warrants to purchase
Series B Preferred Stock held by the Investors listed on Exhibit A hereto,
as amended from time to time,  and their permitted assigns.

 

(o)           “Warrant Shares” shall
mean the shares of Series B Preferred Stock issuable upon exercise of the
Warrants.

 

SECTION 2.         REGISTRATION; RESTRICTIONS
ON TRANSFER.

 

2.1          Restrictions on
Transfer.

 

(a)           Each Holder agrees
not to make any disposition of all or any portion of the Shares or Registrable
Securities unless and until:

 

(i)            there is then in
effect a registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with such registration
statement; or

 

(ii)           (A) The
transferee has agreed in writing to be bound by the terms of this Agreement,
(B) such Holder shall have notified the Company of the proposed
disposition and shall have furnished the Company with a statement of the
proposed disposition, and (C) if reasonably requested by the Company, such
Holder shall have furnished the Company with an opinion of counsel, reasonably
satisfactory to the Company, that such disposition will not require
registration of such shares under the Securities Act. It is agreed that the
Company will not require opinions of counsel for transactions made pursuant to
Rule 144, except in unusual 

 

3

 

circumstances. After its
Initial Offering, the Company will not require the transferee to be bound by
the terms of this Agreement.

 

(b)           Notwithstanding the
provisions of subsection (a) above, no such restriction shall apply to a
transfer by a Holder that is (A) a partnership transferring to its
partners or former partners in accordance with partnership interests,
(B) a corporation transferring to a wholly-owned subsidiary or a parent
corporation that owns all of the capital stock of the Holder, (C) a
limited liability company transferring to its members or former members in
accordance with their interest in the limited liability company, or (D) an
individual transferring to the Holder’s family member or trust for the benefit
of an individual Holder; provided that
in each case the transferee will agree in writing to be subject to the terms of
this Agreement to the same extent as if he were an original Holder hereunder.

 

(c)           Each certificate
representing Shares or Registrable Securities shall be stamped or otherwise
imprinted with legends substantially similar to the following (in addition to
any legend required under applicable state securities laws):

 

THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
(THE “ACT”) AND MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND
UNTIL REGISTERED UNDER THE ACT OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS
NOT REQUIRED.

 

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND
CONDITIONS OF A CERTAIN INVESTOR RIGHTS AGREEMENT BY AND BETWEEN THE
STOCKHOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON
WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.

 

(d)           The Company shall
be obligated to reissue promptly unlegended certificates at the request of any
Holder thereof if the Company has completed its Initial Offering and the Holder
shall have obtained an opinion of counsel (which counsel may be counsel to the
Company) reasonably acceptable to the Company to the effect that the securities
proposed to be disposed of may lawfully be so disposed of without registration,
qualification and legend.

 

(e)           Any legend endorsed
on an instrument pursuant to applicable state securities laws and the
stop-transfer instructions with respect to such securities shall be removed
upon receipt by the Company of an order of the appropriate blue sky authority
authorizing such removal.

 

4

 

2.2          Demand Registration.

 

(a)           Subject to the
conditions of this Section 2.2, if the Company shall receive a written
request from the Holders of a majority of
the Registrable Securities (the “Initiating Holders”)
that the Company file a registration statement under the Securities Act
covering the registration of a majority
of the Registrable Securities then outstanding 
(or a lesser percent if the anticipated aggregate offering price, net of
underwriting discounts and commissions, would exceed $7,500,000 (a “Qualified Public Offering”)), then the Company shall, within
thirty (30) days of the receipt thereof, give written notice of such request to
all Holders, and subject to the limitations of this Section 2.2, effect,
as expeditiously as reasonably possible, the registration under the Securities
Act of all Registrable Securities that all Holders request to be registered.

 

(b)           If the Initiating Holders
intend to distribute the Registrable Securities covered by their request by
means of an underwriting, they shall so advise the Company as a part of their
request made pursuant to this Section 2.2 or any request pursuant to
Section 2.4 and the Company shall include such information in the written
notice referred to in Section 2.2(a) or Section 2.4(a), as applicable.
In such event, the right of any Holder to include its Registrable Securities in
such registration shall be conditioned upon such Holder’s participation in such
underwriting and the inclusion of such Holder’s Registrable Securities in the
underwriting to the extent provided herein. All Holders proposing to distribute
their securities through such underwriting shall enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for
such underwriting by a majority in interest of the Initiating Holders (which
underwriter or underwriters shall be reasonably acceptable to the Company). Notwithstanding
any other provision of this Section 2.2 or Section 2.4, if the
underwriter advises the Company that marketing factors require a limitation of
the number of securities to be underwritten (including Registrable Securities)
then the Company shall so advise all Holders of Registrable Securities which
would otherwise be underwritten pursuant hereto, and the number of shares that
may be included in the underwriting shall be allocated to the Holders of such
Registrable Securities on a pro rata basis
based on the number of Registrable Securities held by all such Holders
(including the Initiating Holders). Any
Registrable Securities excluded or withdrawn from such underwriting shall be
withdrawn from the registration.

 

(c)           The Company shall
not be required to effect a registration pursuant to this Section 2.2:

 

(i)            prior to one
hundred eighty (180) days following the effective date of the registration
statement pertaining to the Initial Offering;

 

(ii)           after the Company
has effected two (2) registrations
pursuant to this Section 2.2, and such registrations have been declared or
ordered effective;

 

(iii)         during the period
starting with the date of filing of, and ending on the date one hundred eighty
(180) days following the effective date of the registration statement pertaining
to a public offering, other than
pursuant to a Special Registration Statement;  provided
that the Company makes reasonable good faith efforts to cause such registration
statement to become effective and provided, in the case of a public offering
other than the Initial Offering, 

 

5

 

that the Initiating
Holders were permitted to register such shares as requested to be registered
pursuant to Section 2.3 hereof without reduction by the underwriter thereof;

 

(iv)          if within thirty
(30) days of receipt of a written request from Initiating Holders pursuant to
Section 2.2(a), the Company gives notice to the Holders of the Company’s
intention to file a registration statement for a public offering, other than pursuant to a Special Registration
Statement, within ninety (90) days;

 

(v)            if the Company
shall furnish to Holders requesting a registration statement pursuant to this
Section 2.2, a certificate signed by the Chairman of the Board stating
that in the good faith judgment of the Board of Directors of the Company, it
would be seriously detrimental to the Company and its stockholders for such
registration statement to be effected at such time, in which event the Company
shall have the right to defer such filing for a period of not more than sixty
(60) days after receipt of the request of the Initiating Holders; provided that such right to delay a request shall be
exercised by the Company not more than
twice in any twelve (12) month period;

 

(vi)          if the Initiating
Holders propose to dispose of shares of Registrable Securities that may be
immediately registered on Form S-3 pursuant to a request made pursuant to
Section 2.4 below; or

 

(vii)         in any particular
jurisdiction in which the Company would be required to qualify to do business
or to execute a general consent to service of process in effecting such
registration, qualification or compliance.

 

2.3          Piggyback
Registrations.  The Company shall
notify all Holders of Registrable Securities in writing at least thirty (30)  days
prior to the filing of any registration statement under the Securities Act for
purposes of a public offering of securities of the Company (including, but not
limited to, registration statements relating to secondary offerings of
securities of the Company, but excluding Special Registration Statements) and
will afford each such Holder an opportunity to include in such registration
statement all or part of such Registrable Securities held by such Holder. Each
Holder desiring to include in any such registration statement all or any part
of the Registrable Securities held by it shall, within fifteen (15) days after
the above-described notice from the Company, so notify the Company in writing. Such
notice shall state the intended method of disposition of the Registrable
Securities by such Holder. If a Holder decides not to include all of its
Registrable Securities in any registration statement thereafter filed by the
Company, such Holder shall nevertheless continue to have the right to include
any Registrable Securities in any subsequent registration statement or
registration statements as may be filed by the Company with respect to
offerings of its securities, all upon the terms and conditions set forth
herein.

 

(a)           Underwriting.  If the registration statement under which
the Company gives notice under this Section 2.3 is for an underwritten
offering, the Company shall so advise the Holders of Registrable Securities. In
such event, the right of any such Holder to be included in a registration
pursuant to this Section 2.3 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 

 

6

 

Registrable Securities
through such underwriting shall enter into an underwriting agreement in
customary form with the underwriter or underwriters selected for such
underwriting by the Company. Notwithstanding any other provision of this
Agreement, if the Company or underwriter determines in good faith that
marketing factors require a limitation of the number of shares to be
underwritten, the number of shares that may be included in the underwriting
shall be allocated, first, to the Company; second, to the Holders on a pro rata basis based on the total number of Registrable
Securities held by the Holders; and third, to any stockholder of the Company
(other than a Holder) on a pro rata basis;
provided, however, if such offering is the Initial Offering, all Registrable
Securities may be excluded from the Initial Offering. If any Holder disapproves
of the terms of any such underwriting, such Holder may elect to withdraw
therefrom by written notice to the Company and the underwriter, delivered at
least ten (10) business days prior to the effective date of the registration
statement. Any Registrable Securities excluded or withdrawn from such
underwriting shall be excluded and withdrawn from the registration. For any
Holder which is a partnership or corporation, the partners, retired partners
and stockholders of such Holder, or the estates and family members of any such
partners and retired partners and any trusts for the benefit of any of the
foregoing person shall be deemed to be a single “Holder,” and any pro rata
reduction with respect to such “Holder” shall be based upon the aggregate
amount of shares carrying registration rights owned by all entities and
individuals included in such “Holder,” as defined in this sentence.

 

(b)           Right to Terminate
Registration.  The Company shall have
the right to terminate or withdraw any registration initiated by it under this
Section 2.3 prior to the effectiveness of such registration whether or not
any Holder has elected to include securities in such registration. The
Registration Expenses of such withdrawn registration shall be borne by the
Company in accordance with Section 2.5 hereof.

 

2.4          Form S-3 Registration. In
case the Company shall receive from any Holder or Holders of Registrable
Securities a written request or requests that the Company effect a registration
on Form S-3 (or any successor to Form S-3) or any similar short-form
registration statement and any related qualification or compliance with respect
to all or a part of the Registrable Securities owned by such Holder or Holders,
the Company will:

 

(a)           promptly give
written notice of the proposed registration, and any related qualification or
compliance, to all other Holders of Registrable Securities; and

 

(b)           as soon as
practicable, effect such registration and all such qualifications and
compliances as may be so requested and as would permit or facilitate the sale
and distribution of all or such portion of such Holder’s or Holders’
Registrable Securities as are specified in such request, together with all or
such portion of the Registrable Securities of any other Holder or Holders
joining in such request as are specified in a written request given within
fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated
to effect any such registration, qualification or compliance pursuant to this
Section 2.4:

 

(i)            if Form S-3
is not available for such offering by the Holders, or

 

7

 

(ii)           if the Holders,
together with the holders of any other securities of the Company entitled to
inclusion in such registration, propose to sell Registrable Securities and such
other securities (if any) at an aggregate price to the public of less than  one million dollars
($1,000,000), or

 

(iii)         if within thirty (30)
days of receipt of a written request from any Holder or Holders pursuant to
this Section 2.4, the Company gives notice to such Holder or Holders of
the Company’s intention to make  a public
offering within ninety (90) days, other than pursuant to a Special Registration
Statement; or

 

(iv)          if the Company shall
furnish to the Holders a certificate signed by the Chairman of the Board of
Directors of the Company stating that in the good faith judgment of the Board
of Directors of the Company, it would be seriously detrimental to the Company
and its stockholders for such Form S-3 registration to be effected at such
time, in which event the Company shall have the right to defer the filing of
the Form S-3 registration statement for a period of not more than sixty
(60) days after receipt of the request of the Holder or Holders under this
Section 2.4; provided, that such right to
delay a request shall be exercised by the Company not more than twice in any
twelve (12) month period, or

 

(v)            if the Company has,  within the twelve (12) month period preceding
the date of such request, already effected two (2)  registrations
on Form S-3 for the Holders pursuant to this Section 2.4, or

 

(vi)          in any particular jurisdiction
in which the Company would be required to qualify to do business or to execute
a general consent to service of process in effecting such registration,
qualification or compliance.

 

(c)           Subject to the
foregoing, the Company shall file a Form S-3 registration statement
covering the Registrable Securities and other securities so requested to be
registered as soon as practicable after receipt of the requests of the Holders.
Registrations effected pursuant to this Section 2.4 shall not be counted
as demands for registration or registrations effected pursuant to
Section 2.2. All Registration
Expenses incurred in connection with registrations requested pursuant to this
Section 2.4 after the first three (3) registrations shall be paid by the
selling Holders pro rata in proportion to the
number of shares to be sold by each such Holder.

 

2.5          Expenses of
Registration.  Except as specifically
provided herein, all Registration Expenses incurred in connection with any
registration, qualification or compliance pursuant to Section 2.2 or any
registration under Section 2.3 or Section 2.4 herein shall be borne
by the Company. All Selling Expenses incurred in connection with any
registrations hereunder, shall be borne by the holders of the securities so
registered pro rata on the basis of the number of
shares so registered. The Company shall not, however, be required to pay for
expenses of any registration proceeding begun pursuant to Section 2.2 or
2.4, the request of which has been subsequently withdrawn by the Initiating
Holders unless the withdrawal is based upon material adverse information
concerning the Company of which the Initiating Holders were not aware at the
time of such request. If the Holders are required to pay the Registration
Expenses, such expenses shall be borne by the holders of securities (including
Registrable Securities) requesting such registration in proportion to the
number of shares for which registration was requested.

 

8

 

2.6          Obligations of the
Company.  Whenever required to effect
the registration of any Registrable Securities, the Company shall, as
expeditiously as reasonably possible:

 

(a)           prepare and file
with the SEC a registration statement with respect to such Registrable
Securities and use all 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, keep such registration statement
effective for up to one hundred twenty
(120) days or, if earlier, until the Holder or Holders have completed
the distribution related thereto; provided, however, that at any time, upon
written notice to the participating Holders and for a period not to exceed sixty (60) days thereafter (the “Suspension Period”),
the Company may delay the filing or effectiveness of any registration statement
or suspend the use or effectiveness of any registration statement (and the
Initiating Holders hereby agree not to offer or sell any Registrable Securities
pursuant to such registration statement during the Suspension Period) if the
Company reasonably believes that the Company may, in the absence of such delay
or suspension hereunder, be required under state or federal securities laws to
disclose any corporate development the disclosure of which could reasonably be
expected to have a material adverse effect upon the Company, its stockholders,
a potentially significant transaction or event involving the Company, or any
negotiations, discussions, or proposals directly relating thereto. In the event
that the Company shall exercise its right to delay or suspend the filing or
effectiveness of a registration hereunder, the applicable time period during
which the registration statement is to remain effective shall be extended by a
period of time equal to the duration of the Suspension Period. The Company may
extend the Suspension Period for an additional consecutive sixty (60) days with the consent of
the holders of at least two-thirds
(2/3) of the Registrable Securities registered under the applicable
registration statement, which consent shall not be unreasonably withheld. If so
directed by the Company, all Holders registering shares under such registration
statement shall (i) not offer to sell any Registrable Securities pursuant to
the registration statement during the period in which the delay or suspension
is in effect after receiving notice of such delay or suspension; and (ii) use
their best efforts to deliver to the Company (at the Company’s expense) all
copies, other than permanent file copies then in such Holders’ possession, of
the prospectus relating to such Registrable Securities current at the time of
receipt of such notice.

 

(b)           Prepare and file
with the SEC such amendments and supplements to such registration statement and
the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Securities Act with respect to
the disposition of all securities covered by such registration statement for the
period set forth in subsection (a) above.

 

(c)           Furnish to the
Holders such number of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such
other documents as they may reasonably request in order to facilitate the
disposition of Registrable Securities owned by them.

 

(d)           Use its reasonable
efforts to register and qualify the securities covered by such registration
statement under such other securities or Blue Sky laws of such jurisdictions as
shall be reasonably requested by the Holders; provided that
the Company shall not be required in 

 

9

 

connection therewith or
as a condition thereto to qualify to do business or to file a general consent
to service of process in any such states or jurisdictions.

 

(e)           In the event of any
underwritten public offering, enter into and perform its obligations under an
underwriting agreement, in usual and customary form, with the managing
underwriter(s) of such offering. Each Holder participating in such underwriting
shall also enter into and perform its obligations under such an agreement.

 

(f)            Notify each Holder
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 in the light of the circumstances then existing. The Company will
use reasonable efforts to amend or supplement such prospectus in order to cause
such prospectus not to include any 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.

 

(g)           Use its reasonable
efforts to furnish, on the date that such Registrable Securities are delivered
to the underwriters for sale, if such securities are being sold through
underwriters, (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 is customarily given to underwriters in an underwritten public
offering, addressed to the underwriters, if any, and (ii) a letter, dated
as of such date, from the independent certified public accountants of the
Company, in form and substance as is customarily given by independent certified
public accountants to underwriters in an underwritten public offering addressed
to the underwriters.

 

(h)           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.

 

(i)            Provide a transfer
agent and registrar for all Registrable Securities registered pursuant
hereunder with a CUSIP number for all such Registrable Securities, in each case
not later than the effective date of such registration.

 

2.7          Termination of
Registration Rights.  All
registration rights granted under this Section 2 shall terminate and be of no
further force and effect on the earlier of (i) three (3) years after the date
of the Initial Offering or (ii) with respect to each Holder, at such time as
(a) the Company’s shares are publicly traded and (b) the Holder is entitled to
sell all of its Registrable Securities pursuant to Rule 144 (including Rule
144(k)) during a three month period.

 

2.8          Delay of Registration;
Furnishing Information.

 

(a)           No Holder shall
have any right to obtain or seek an injunction restraining or otherwise
delaying any such registration initiated by the Holders as the result of any
controversy that might arise with respect to the interpretation or
implementation of this Section 2.

 

10

 

(b)           It shall be a
condition precedent to the obligations of the Company to take any action
pursuant to Section 2.2, 2.3 or 2.4 that the selling Holders shall furnish
to the Company such information regarding themselves, the Registrable
Securities held by them and the intended method of disposition of such
securities as shall be required to effect the registration of their Registrable
Securities.

 

(c)           The Company shall
have no obligation with respect to any registration requested pursuant to
Section 2.2 or Section 2.4 if, due to the operation of
subsection 2.2(b), the number of shares or the anticipated aggregate
offering price of the Registrable Securities to be included in the registration
does not equal or exceed the number of shares or the anticipated aggregate
offering price required to originally trigger the Company’s obligation to
initiate such registration as specified in Section 2.2 or
Section 2.4, whichever is applicable.

 

2.9          Indemnification.  In the event any Registrable Securities
are included in a registration statement under Sections 2.2, 2.3 or 2.4.

 

(a)           To the extent permitted
by law, the Company will indemnify and hold harmless each Holder, the partners,
members, officers and directors of each Holder, any underwriter (as defined in
the Securities Act) for such Holder and each person, if any, who controls such
Holder or underwriter within the meaning of the Securities Act or the Exchange
Act, against any losses, claims, damages, or liabilities (joint or several) to
which they may become subject under the Securities Act, the Exchange Act or
other federal or state law, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon any
of the following statements, omissions or violations (collectively a “Violation”) by the Company:
(i) any untrue statement or alleged untrue statement of a material fact
contained in such registration statement or incorporated reference therein,
including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto, (ii) the omission or alleged omission
to state therein a material fact required to be stated therein, or necessary to
make the statements therein not misleading, or (iii) any violation or
alleged violation by the Company of the Securities Act, the Exchange Act, any
state securities law or any rule or regulation promulgated under the Securities
Act, the Exchange Act or any state securities law in connection with the
offering covered by such registration statement; and the Company will reimburse
each such Holder, partner, member, officer, director, underwriter or
controlling person for any legal or other expenses reasonably incurred by them
in connection with investigating or defending any such loss, claim, damage,
liability or action; provided however,
that the indemnity agreement contained in this Section 2.9(a) shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability
or action if such settlement is effected without the consent of the Company,
which consent shall not be unreasonably withheld, nor shall the Company be
liable in any such case for any such loss, claim, damage, liability or action
to the extent that it arises out of or is based upon a Violation which occurs
in reliance upon and in conformity with written information furnished expressly
for use in connection with such registration by such Holder, partner, member,
officer, director, underwriter or controlling person of such Holder.

 

(b)           To the extent
permitted by law, each Holder will, if Registrable Securities held by such
Holder are included in the securities as to which such registration
qualifications or compliance is being effected, indemnify and hold harmless the
Company, each of its directors, 

 

11

 

its officers and each
person, if any, who controls the Company within the meaning of the Securities
Act, any underwriter and any other Holder selling securities under such
registration statement or any of such other Holder’s partners, directors or
officers or any person who controls such Holder, against any losses, claims,
damages or liabilities (joint or several) to which the Company or any such
director, officer, controlling person, underwriter or other such Holder, or
partner, director, officer or controlling person of such other Holder may
become subject under the Securities Act, the Exchange Act or other federal or
state law, insofar as such losses, claims, damages or liabilities (or actions
in respect thereto) arise out of or are based upon any of the following
statements: (i) any untrue statement or alleged untrue statement of a
material fact contained in such registration statement or incorporated
reference therein, including any preliminary prospectus or final prospectus
contained therein or any amendments or supplements thereto, (ii) the omission
or alleged omission to state therein a material fact required to be stated
therein, or necessary to make the statements therein not misleading, or
(iii) any violation or alleged violation by the Company of the Securities
Act  (collectively, a “Holder Violation”), in each case to
the extent (and only to the extent) that such Holder Violation occurs in
reliance upon and in conformity with written information furnished by such
Holder under an instrument duly executed by such Holder and stated to be
specifically for use in connection with such registration; and each such Holder
will reimburse any legal or other expenses reasonably incurred by the Company
or any such director, officer, controlling person, underwriter or other Holder,
or partner, officer, director or controlling person of such other Holder in
connection with investigating or defending any such loss, claim, damage,
liability or action if it is judicially determined that there was such a Holder
Violation; provided, however, that the indemnity
agreement contained in this Section 2.9(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 2.9 exceed the net
proceeds from the offering received by such Holder.

 

(c)           Promptly after
receipt by an indemnified party under this Section 2.9 of notice of the
commencement of any action (including any governmental action), such
indemnified party will, if a claim in respect thereof is to be made against any
indemnifying party under this Section 2.9, deliver to the indemnifying
party a written notice of the commencement thereof and the indemnifying party
shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed,
to assume the defense thereof with counsel mutually satisfactory to the parties;
provided, however, that an indemnified
party shall have the right to retain its own counsel, with the fees and
expenses to be paid by the indemnifying party, if representation of such
indemnified party by the counsel retained by the indemnifying party would be
inappropriate due to actual or potential differing interests between such
indemnified party and any other party represented by such counsel in such
proceeding. The failure to deliver written notice to the indemnifying party
within a reasonable time of the commencement of any such action, if materially
prejudicial to its ability to defend such action, shall relieve such
indemnifying party of any liability to the indemnified party under this
Section 2.9, but the omission so to deliver written notice to the
indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 2.9.

 

12

 

(d)           If the
indemnification provided for in this Section 2.9 is held by a court of
competent jurisdiction to be unavailable to an indemnified party with respect
to any losses, claims, damages or liabilities referred to herein, the
indemnifying party, in lieu of indemnifying such indemnified party thereunder,
shall to the extent permitted by applicable law contribute to the amount paid
or payable by such indemnified party 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 party on the
other in connection with the Violation(s) or Holder 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 party 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 party and the parties’
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission; provided, that
in no event shall any contribution by a Holder hereunder exceed the net
proceeds from the offering received by such Holder.

 

(e)           The obligations of
the Company and Holders under this Section 2.9 shall survive completion of
any offering of Registrable Securities in a registration statement and the
termination of this Agreement. 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 settlement which 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.

 

2.10        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 or assignee of Registrable Securities
that (a) is a subsidiary, parent, general partner, limited partner, retired
partner, member or retired member, of a Holder, (b) is a Holder’s family member
or trust for the benefit of an individual Holder, or (c) acquires at least 500,000 shares of Registrable
Securities (as adjusted for stock splits and combinations); provided, however, (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 to be subject to all restrictions set forth in this Agreement.

 

2.11        Amendment of Registration
Rights.  Any provision of this
Section 2 may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the Holders of
at least  two-thirds (2/3) of the Registrable Securities then outstanding. Any
amendment or waiver effected in accordance with this Section 2.11 shall be
binding upon each Holder and the Company. By acceptance of any benefits under
this Section 2, Holders of Registrable Securities hereby agree to be bound
by the provisions hereunder.

 

2.12        Limitation on Subsequent
Registration Rights.  Other than as
provided in Section 5.10, after the date of this Agreement, the Company
shall not, without the prior written consent of the Holders of at least two-thirds (2/3) of the Registrable
Securities then outstanding, enter into any agreement with any holder or
prospective holder of any securities of the Company 

 

13

 

that would grant such
holder registration rights senior to those granted to the Holders hereunder,
other than the right to a Special Registration Statement.

 

2.13        “Market Stand-Off” Agreement. 
Each Holder hereby agrees that such Holder shall not sell, transfer,
make any short sale of, grant any option for the purchase of, or enter into any
hedging or similar transaction with the same economic effect as a sale, any
Common Stock (or other securities) of the Company held by such Holder (other
than those included in the registration) during (i) the 180-day period
following the effective date of the Initial Offering (or such longer period,
not to exceed 18 days after the expiration of the 180-day period, as the underwriters
or the Company shall request in order to facilitate compliance with NASD Rule
2711), and (ii) with respect to all securities held by each Holder other than
the Series D Preferred Stock, Series E Preferred Stock, or Common Stock
obtained upon conversion of the Series D Preferred Stock or Series E Preferred
Stock, the 90-day period following the effective date of a registration
statement of the Company filed under the Securities Act (or such longer period,
not to exceed 18 days after the expiration of the 90-day period, as the
underwriters or the Company shall request in order to facilitate compliance
with NASD Rule 2711); provided that
all officers and directors and holders of: (i) in the case of the Initial
Offering, at least two percent (2%) of shares of the outstanding capital stock
of the Company, and (ii) in the case of any public offering of the Company’s
common stock or other securities subsequent to the Initial Offering, at least
five percent (5%) of shares of the outstanding capital stock of the Company,
enter into similar agreements. Other than with respect to the Initial Offering,
any discretionary waiver or termination of the restrictions of any or all of
such agreements by the Company or the underwriters shall apply to all Holders
subject to such agreements pro rata based on the number of shares subject to
such agreements.

 

2.14        Agreement to Furnish
Information.  Each Holder agrees to
execute and deliver such other agreements as may be reasonably requested by the
Company or the underwriter that are consistent with the Holder’s obligations
under Section 2.13 or that are necessary to give further effect thereto. In
addition, if requested by the Company or the representative of the underwriters
of Common Stock (or other securities) of the Company, each Holder shall
provide, within ten (10) days of such request, such information as may be
required by the Company or such representative in connection with the
completion of any public offering of the Company’s securities pursuant to a
registration statement filed under the Securities Act. The obligations
described in Section 2.13 and this Section 2.14 shall not apply to a
Special Registration Statement. The Company may impose stop-transfer
instructions with respect to the shares of Common Stock (or other securities)
subject to the foregoing restriction until the end of said one hundred eighty
(180) day period. Each Holder agrees that any transferee of any shares of
Registrable Securities shall be bound by 
Sections 2.13 and 2.14. The underwriters of the Company’s stock are
intended third party beneficiaries of Sections 2.13 and 2.14 and shall have the
right, power and authority to enforce the provisions hereof as though they were
a party hereto.

 

14

 

2.15        Rule 144 Reporting.  With a view to making available to the
Holders the benefits of certain rules and regulations of the SEC which may
permit the sale of the Registrable Securities to the public without
registration, the Company agrees to use its best efforts to:

 

(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 Securities
Act, at all times after the effective date of the first registration filed by
the Company for an offering of its securities to the general public;

 

(b)           File with the SEC,
in a timely manner, all reports and other documents required of the Company
under the Exchange Act; and

 

(c)           So long as a Holder
owns any Registrable Securities, furnish to such Holder forthwith upon
request:  a written statement by the
Company as to its compliance with the reporting requirements of said Rule 144
of the Securities Act, and of 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 filed with the Commission; and such other
reports and documents as a Holder may reasonably request in connection with
availing itself of any rule or regulation of the SEC allowing it to sell any
such securities without registration.

 

SECTION 3.         COVENANTS OF THE COMPANY.

 

3.1          Basic Financial
Information and Reporting.

 

(a)           The Company will
maintain true books and records of account in which full and correct entries
will be made of all its business transactions pursuant to a system of
accounting established and administered in accordance with generally accepted
accounting principles consistently applied (except as noted therein), and will
set aside on its books all such proper accruals and reserves as shall be
required under generally accepted accounting principles consistently applied.

 

(b)           To the extent
requested by an Investor, as soon as practicable after the end of each fiscal
year of the Company, and in any event within one hundred twenty (120)  days
thereafter, the Company will furnish such Investor a balance sheet of the
Company, as at the end of such fiscal year, and a statement of income and a
statement of cash flows of the Company, for such year, all prepared in accordance
with generally accepted accounting principles consistently applied (except as
noted therein) and setting forth in each case in comparative form the figures
for the previous fiscal year, all in reasonable detail. Such financial
statements shall be accompanied by a report and opinion thereon by independent
public accountants of national standing selected by the Company’s Board of
Directors.

 

(c)           To the extent
requested by an investor, the Company will furnish such Investor, 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
balance sheet of the Company as of the end of each such quarterly period, and a
statement of income and a  statement of
cash flows of the Company for such period and for the current fiscal year to
date, prepared in accordance with generally accepted accounting principles 

 

15

 

consistently applied
(except as noted therein), with the exception that no notes need be attached to
such statements and year-end audit adjustments may not have been made.

 

(d)           So long as an
Investor (with its affiliates) shall own not less than five hundred thousand (500,000)  shares
of Registrable Securities (as adjusted for stock splits and combinations) (a “Major Investor”), to
the extent requested by such Major Investor the Company will furnish each such
Major Investor: (i) at least thirty (30) days prior to the beginning of
each fiscal year an annual budget and operating plans for such fiscal year (and
as soon as available, any subsequent written revisions thereto); and
(ii) as soon as practicable after the end of each month, and in any event
within twenty (20) days thereafter, a balance sheet of the Company as of the
end of each such month, and a statement of income and a statement of cash flows
of the Company for such month and for the current fiscal year to date,
including a comparison to plan figures for such period, prepared in accordance
with generally accepted accounting principles consistently applied (except as
noted thereon), with the exception that no notes need be attached to such
statements and year-end audit adjustments may not have been made.

 

3.2          Inspection Rights.  Each Major Investor shall have the right
to visit and inspect any of the properties of the Company or any of its
subsidiaries, and to discuss the affairs, finances and accounts of the Company
or any of its subsidiaries with its officers, and to review such information as
is reasonably requested all at such reasonable times and as often as may be
reasonably requested; provided, however,
that the Company shall not be obligated under this Section 3.2 with
respect to a competitor of the Company or with respect to information which the
Board of Directors determines in good faith is confidential or attorney-client
privileged and should not, therefore, be disclosed.

 

3.3          Confidentiality of
Records.  Each Investor agrees to
use, and to use the same degree of care as such Investor uses to protect its
own confidential information to keep confidential any information furnished to
that the Company identifies as being confidential or proprietary (so long as
such information is not in the public domain), except that such Investor may
disclose such proprietary or confidential information (i) to any partner,
retired partner, limited partner, subsidiary or parent of such Investor for the
purpose of evaluating or monitoring its investment in the Company as long as
such partner, retired partner, limited partner, subsidiary or parent is advised
of the confidentiality provisions of this Section 3.3; (ii) at such time
as it enters the public domain through no fault of such Investor; (iii) that is
communicated to it free of any obligation of confidentiality; or (iv) that is
developed by Investor or its agents independently of and without reference to
any confidential information communicated by the Company.

 

3.4          Reservation of Common
Stock.  The Company will at all times
reserve and keep available, solely for issuance and delivery upon the
conversion of the Preferred Stock, all Common Stock issuable from time to time
upon such conversion

 

3.5          Observation Rights. The
Company shall allow one representative designated by the Delphi Ventures, so
long as it (together with its affiliates) continues to hold at least 500,000
shares of Registrable Securities, to attend all meetings of the Company’s Board
of Directors, including executive sessions, and of committees of the Company’s
Board of Directors, in a nonvoting capacity, and in connection therewith, the
Company shall give such representative 

 

16

 

copies
of all notices, minutes, consents and other materials, financial or otherwise,
which the Company provides to its Board of Directors or committees thereof;
provided, however, that the Company reserves the right to exclude such
representative from access to any material or meeting or portion thereof if the
Board of Directors or the committee thereof, as applicable, believes upon
advice of counsel that such exclusion is reasonably necessary to preserve the
attorney-client privilege, to protect highly confidential information or for
other similar reasons. The decision of the Board of Directors or the committee
with respect to the privileged or confidential nature of such information, if
based upon the advice of counsel, shall be final and binding.

 

3.6          Proprietary Information
and Inventions Assignment Agreement. The Company shall require all employees
and consultants to execute and deliver a Proprietary Information and Inventions
Assignment Agreement substantially in a form approved by the Company’s counsel
or Board of Directors.

 

3.7          Right of First Refusal. All
shares of Common Stock of the Company shall be subject to a right of first
refusal on all transfers as set forth in the Company’s bylaws, subject to
certain exceptions approved by the Board of Directors.

 

3.8          Reservation of Shares
Under Stock Option Plan. As of the Effective Date, the Company shall have
reserved and shall after the Effective Date, keep available under the Company’s
2003 Equity Incentive Plan a number of shares sufficient for grants to
employees, directors, consultants and other service providers for the period
ending on the earlier of (i) twelve (12) months following the Effective Date or
(ii) the closing of the Initial Offering.

 

3.9          Termination of
Covenants.  All covenants of the
Company contained in Section 3 of this Agreement shall expire and terminate as
to each Investor upon the earlier of (i) the effective date of the
registration statement pertaining to the Initial Offering, (ii) any
consolidation, merger or reorganization described in Section IV(3)(c)(i) of the Company’s Certificate of Incorporation
in effect as of the Effective Date  or (iii) upon
an “Asset Transfer”
or “Acquisition”,
each as defined in the Company’s Amended and Restated Certificate of
Incorporation as in effect as of the Effective Date.

 

SECTION
4.         RIGHTS OF
FIRST REFUSAL.

 

4.1          Subsequent Offerings.  Subject to applicable securities laws,
each Investor shall have a right of first refusal to purchase its pro rata share of all Equity Securities, as defined below,
that the Company may, from time to time, propose to sell and issue after the
date of this Agreement, other than the Equity Securities excluded by Section
4.6 hereof. Each Investor’s pro rata share
is equal to the ratio of (a) the number of shares of the Company’s Common
Stock (including all shares of Common Stock issuable or issued upon conversion
of the Shares) which such Investor is deemed to be a holder immediately prior
to the issuance of such Equity Securities to (b) the total number of
shares of the Company’s outstanding Common Stock (including all shares of
Common Stock issued or issuable upon conversion of the Shares or upon the
exercise of any outstanding warrants or options) immediately prior to the
issuance of the Equity Securities. The term “Equity Securities” shall mean
(i) any Common Stock, Preferred Stock or other security of the Company,
(ii) any security convertible into or exercisable or 

 

17

 

exchangeable for, with or
without consideration, any Common Stock, Preferred Stock or other security
(including any option to purchase such a convertible security), (iii) any
security carrying any warrant or right to subscribe to or purchase any Common
Stock, Preferred Stock or other security or (iv) any such warrant or
right.

 

4.2          Exercise of Rights.  If the Company proposes to issue any Equity
Securities, it shall give each Investor written notice of its intention,
describing the Equity Securities, the price and the terms and conditions upon
which the Company proposes to issue the same. Each Investor shall have twenty (20) days from the giving of
such notice to agree to purchase its pro rata share
of the Equity Securities for the price and upon the terms and conditions
specified in the notice by giving written notice to the Company and stating
therein the quantity of Equity Securities to be purchased. Notwithstanding the
foregoing, the Company shall not be required to offer or sell such Equity
Securities to any Investor who would cause the Company to be in violation of
applicable federal securities laws by virtue of such offer or sale.

 

4.3          Sale Without
Notice.  In lieu of giving notice to
the Investors prior to the issuance of Equity Securities as provided in Section
4.2, the Company may elect to give notice to the Investors within thirty (30)
days after the issuance of Equity Securities. Such notice shall describe the
type, price and terms of the Equity Securities. Each Investor shall have twenty (20) days from the date of
receipt of such notice to elect to purchase up to the number of shares that
would, if purchased by such Investor, maintain such Investor’s pro rata share (as set forth in Section 4.1) of the Company’s
equity securities. The closing of such sale shall occur within sixty (60) days
of the date of notice to the Investors.

 

4.4          Termination and Waiver
of Rights of First Refusal.  The
rights of first refusal established by this Section 4 shall not apply to, and
shall terminate upon the earlier of (i) the effective date of the
registration statement pertaining to the Company’s Initial Offering, (ii) any
consolidation, merger or reorganization described in Section IV(3)(c)(i) of the Company’s Certificate of Incorporation
in effect as of the Effective Date  or (iii) an “Asset Transfer” or “Acquisition”, each
as defined in the Company’s Amended and Restated Certificate of Incorporation
as in effect as of the Effective Date. The rights of first refusal established
by this Section 4 may be amended, or any provision waived with the written
consent of Investors holding at least two-thirds (2/3) of the Registrable
Securities held by all Investors, or as permitted by Section 5.5.

 

4.5          Transfer of Rights of
First Refusal.  The rights of first
refusal of each Investor under this Section 4 may be transferred to the
same parties, subject to the same restrictions as any transfer of registration
rights pursuant to Section 2.10.

 

4.6          Excluded
Securities.  The rights of first
refusal established by this Section 4 shall have no application to any of the
following Equity Securities:

 

(a)           shares of Common
Stock issued upon conversion of the any shares of the Company’s Preferred
Stock;

 

(b)           shares of Common
Stock and/or shares of Common Stock issuable pursuant to options, warrants or
other Common Stock purchase rights granted after the Effective 

 

18

 

Date to employees,
officers or directors of, or consultants or advisors to, the Company or any
subsidiary of the Company pursuant to stock purchase or stock option plans or
other arrangements that are approved by the Board;

 

(c)           shares of Common
Stock and Preferred Stock issued pursuant to the exercise of options, warrants
or other Common Stock purchase rights or convertible securities outstanding as
of the Effective Date;

 

(d)           shares of Common Stock and/or options,
warrants or other Common Stock purchase rights, and the Common Stock issued
pursuant to such options, warrants or other rights issued for consideration
other than cash pursuant to a merger, consolidation, acquisition or similar
business combination approved by the Company’s Board of Directors that
has a primary purpose other than raising cash and equivalents;

 

(e)           shares of Common Stock, Preferred
Stock or other stock, options, warrants, purchase rights or other securities
convertible into shares of Common Stock (such convertible stock or securities
being herein referred to as “Convertible Securities”) issued pursuant to any equipment loan or leasing arrangement, real
property leasing arrangement or debt financing from a bank or similar financial
institution approved by the Board;

 

(f)            shares of Common Stock or Convertible
Securities issued in connection with strategic transactions involving the
Company and other entities, including (i) joint ventures, manufacturing,
marketing or distribution arrangements or (ii) technology transfer or
development arrangements; provided
that the issuance of shares therein has been approved by the Board; and

 

(g)           shares of Series B Preferred Stock, Series C
Preferred Stock, Series D Preferred Stock or Series E Preferred Stock or
warrants to purchase shares of Series B Preferred Stock or Series C Preferred
Stock;

 

provided,
however, that any issuance or issuances of Equity Securities,
Convertible Securities, options, warrants or other Common Stock purchase rights
pursuant to subparagraphs (d), (e) and (f), following the Effective Date, for
more than an aggregate of 1,000,000 shares Common Stock (including the number
of shares of Common Stock into which such Convertible Securities, options,
warrants or other Common Stock purchase rights may be converted), must be
approved by the Board and by holders of at least two-thirds of the outstanding
shares of Series B Preferred Stock, by the holders of at least a majority of
the outstanding shares of Series C Preferred Stock and by the holders of at
least a majority of the outstanding shares of Series D Preferred Stock.

 

SECTION 5.         MISCELLANEOUS.

 

5.1          Governing Law.  This Agreement shall be governed by and
construed under the laws of the State of California in all respects as such laws are applied to agreements
among California residents
entered into and to be performed entirely within California. The parties agree that any action brought by either
party under or in relation to this Agreement, including without limitation to
interpret or enforce any provision of this Agreement, shall be brought in, and
each party agrees to and does hereby submit to the jurisdiction and venue of,
any state or federal court located in the County of Santa Clara, California.

 

19

 

5.2          Successors and
Assigns.  Except as otherwise
expressly provided herein, the provisions hereof shall inure to the benefit of,
and be binding upon, the parties hereto and their respective successors,
assigns, heirs, executors, and administrators and shall inure to the benefit of
and be enforceable by each person who shall be a holder of Registrable
Securities from time to time; provided, however,
that prior to the receipt by the Company of adequate written notice of the
transfer of any Registrable Securities specifying the full name and address of
the transferee, the Company may deem and treat the person listed as the holder
of such shares in its records as the absolute owner and holder of such shares
for all purposes, including the payment of dividends or any redemption price.

 

5.3          Entire Agreement.  This Agreement, the Exhibits and
Schedules hereto, the Purchase Agreement and the other documents delivered
pursuant thereto or in connection with the issuance of the Shares constitute
the full and entire understanding and agreement between the parties with regard
to the subjects hereof and no party shall be liable or bound to any other in
any manner by any oral or written representations, warranties, covenants and
agreements except as specifically set forth herein and therein. Each party
expressly represents and warrants that it is not relying on any oral or written
representations, warranties, covenants or agreements outside of this Agreement.

 

5.4          Severability.  In the event one or more of the
provisions of this Agreement should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or
unenforceability shall not affect any other provisions of this Agreement, and
this Agreement shall be construed as if such invalid, illegal or unenforceable
provision had never been contained herein.

 

5.5          Amendment and Waiver.

 

(a)           Except as otherwise
expressly provided, this Agreement may be amended or modified only upon the
written consent of the Company and the holders of at least sixty-six and two-thirds percent (66 2/3%) of the
then-outstanding Registrable Securities; provided further, however, Section 3.5
may be amended or modified only with the written consent of Delphi Ventures.

 

(b)           Except as otherwise
expressly provided, the obligations of the Company and the rights of the
Holders under this Agreement may be waived only with the written consent of the
holders of at least sixty-six and two-thirds
percent (66 2/3%) of the then-outstanding Registrable Securities;
provided further, however, Section 3.5 may be waived only with the written
consent of Delphi Ventures.

 

(c)           For the purposes of
determining the number of Holders or Investors entitled to vote or exercise any
rights hereunder, the Company shall be entitled to rely solely on the list of
record holders of its stock as maintained by or on behalf of the Company.

 

5.6          Delays or
Omissions.  It is agreed that no
delay or omission to exercise any right, power, or remedy accruing to any
party, upon any breach, default or noncompliance by another party under this Agreement
shall impair any such right, power, or remedy, nor shall it be construed to be
a waiver of any such breach, default or noncompliance, or any acquiescence 

 

20

 

therein, or of any
similar breach, default or noncompliance thereafter occurring. It is further
agreed that any waiver, permit, consent, or approval of any kind or character
on any party’s part of any breach, default or noncompliance under the Agreement
or any waiver on such party’s part of any provisions or conditions of this
Agreement must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this
Agreement, by law, or otherwise afforded to any party, shall be cumulative and not
alternative.

 

5.7          Notices.  All notices required or permitted
hereunder shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent
by confirmed electronic mail or facsimile if sent during normal business hours
of the recipient; if not, then on the next business day, (c) five (5) days
after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the party to be
notified at the address as set forth on the signature pages hereof or Exhibit A
hereto or at such other address as such party may designate by ten (10) days
advance written notice to the other parties hereto.

 

5.8          Attorneys’ Fees.  In the event that any suit or action is
instituted under or in relation to this Agreement, including without limitation
to enforce any provision in this Agreement, the prevailing party in such
dispute shall be entitled to recover from the losing party all fees, costs and
expenses of enforcing any right of such prevailing party under or with respect
to this Agreement, including without limitation, such reasonable fees and
expenses of attorneys and accountants, which shall include, without limitation,
all fees, costs and expenses of appeals.

 

5.9          Titles and
Subtitles.  The titles of the
sections and subsections of this Agreement are for convenience of reference
only and are not to be considered in construing this Agreement.

 

5.10        Additional Investors.  Notwithstanding anything to the contrary
contained herein, if the Company shall issue additional Shares, any purchaser
of such Shares shall become a party to this Agreement by executing and
delivering an additional counterpart signature page to this Agreement and shall
be deemed an “Investor,” a “Holder” and a party
hereunder and shall be added to Exhibit A.
Notwithstanding anything to the contrary contained herein, if the Company shall
issue Equity Securities in accordance with Section 4.6(g) of this
Agreement, any purchaser of such Equity Securities may become a party to this
Agreement by executing and delivering an additional counterpart signature page
to this Agreement and shall be deemed an “Investor,” a “Holder” and a party hereunder.

 

5.11        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.

 

5.12        Aggregation of Stock.  All
shares of Registrable Securities held or acquired by affiliated entities or
persons or persons or entities under common management or control shall be
aggregated together for the purpose of determining the availability of any
rights under this Agreement.

 

21

 

5.13        Pronouns.  All pronouns contained herein, and any
variations thereof, shall be deemed to refer to the masculine, feminine or
neutral, singular or plural, as to the identity of the parties hereto may
require.

 

[THIS SPACE INTENTIONALLY
LEFT BLANK]

 

22

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
  COMPANY:

  
	
   

  
	
  RELIANT TECHNOLOGIES, INC.

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Eric B. Stang

  	
   

  
	
  Eric B. Stang

  
	
  Chief Executive Officer

  

 

 

AMENDED AND RESTATED
INVESTOR RIGHTS AGREEMENT

SIGNATURE PAGE

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  DELPHI VENTURES VII, L.P.

  
	
   

  	
  By:

  	
  Delphi
  Management Partners VII, LLC

  
	
   

  	
   

  	
  General
  Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James J.
  Bochnowski

  	
   

  
	
   

  	
   

  	
  James J.
  Bochnowski

  
	
   

  	
   

  	
  Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DELPHI BIOINVESTMENTS VII, L.P.

  
	
   

  	
  By:

  	
  Delphi
  Management Partners VII, LLC

  
	
   

  	
   

  	
  General
  Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James J.
  Bochnowski

  	
   

  
	
   

  	
   

  	
  James J.
  Bochnowski

  
	
   

  	
   

  	
  Managing Member

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  MERITECH
  CAPITAL PARTNERS II L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Meritech Capital
  Associates II L.L.C.

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  Meritech
  Management Associates II L.L.C.

  
	
   

  	
   

  	
  a
  managing member

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul S.
  Madera

  	
   

  
	
   

  	
   

  	
  Paul S. Madera,
  a managing member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MERITECH
  CAPITAL AFFILIATES II L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Meritech Capital
  Associates II L.L.C.

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Meritech
  Management Associates II L.L.C.

  
	
   

  	
   

  	
  a managing
  member

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul S.
  Madera

  	
   

  
	
   

  	
   

  	
  Paul S. Madera,
  a managing member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MCP
  ENTREPRENEUR PARTNERS II L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Meritech Capital
  Associates II L.L.C.

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Meritech
  Management Associates II L.L.C.

  
	
   

  	
   

  	
  a managing
  member

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul S.
  Madera

  	
   

  
	
   

  	
   

  	
  Paul S. Madera,
  a managing member

  
					

 

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THREE ARCH CAPITAL L.P.

  
	
   

  	
  by TAC Management
  L.L.C., Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ William
  Harrington

  	
   

  
	
   

  	
   

  	
   

  	
  Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TAC ASSOCIATES, L.P.

  
	
   

  	
  by TAC Management
  L.L.C., Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ William
  Harrington

  	
   

  
	
   

  	
   

  	
   

  	
  Partner

  
					

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  PINNACLE
  VENTURES I-A (Q), L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: Pinnacle Venture
  Management I, L.L.C.,

  
	
   

  	
  their general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert N.
  Savoie

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert N. Savoie

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PINNACLE VENTURES I-B, L.P.

  
	
   

  	
  By: Pinnacle Venture
  Management I, L.L.C.,

  
	
   

  	
  their general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert N.
  Savoie

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert N. Savoie

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PINNACLE VENTURES I AFFILIATES,
  L.P.

  
	
   

  	
  By: Pinnacle Venture
  Management I, L.L.C.,

  
	
   

  	
  their general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert N.
  Savoie

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert N. Savoie

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial
  Officer

  
						

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  GDN
  HOLDINGS

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Glen Nelson

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  ROY G.
  GERONEMUS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Roy G. Geronemus

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  GARY
  PETRUCCI

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gary Petrucci

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  RBC
  DAIN RAUSCHER CUSTODIAN FBO LOUIS 

  NANNE IRA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Louis V. Nanne

  	
   

  
	
   

  	
  Name:

  	
  Louis V. Nanne

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LOUIS
  NANNE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Louis V. Nanne

  	
   

  
	
   

  	
  Name:

  	
  Louis V. Nanne

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  CURTIS
  L. CARLSON FAMILY FOUNDATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Flottmeier

  	
   

  
	
   

  	
  Name:

  	
  John Flottmeier

  	
   

  
	
   

  	
  Title:

  	
  Authorized Agent

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  C&P
  ASSOCIATES MONEY PURCHASE PLAN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Mendelow

  	
   

  
	
   

  	
  Name:

  	
  Steven Mendelow

  	
   

  
	
   

  	
  Title:

  	
  Trustee

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PAMELA
  CHRISTIAN 2005 TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Mendelow

  	
   

  
	
   

  	
  Name:

  	
  Steven Mendelow

  	
   

  
	
   

  	
  Title:

  	
  Trustee

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CARA
  MENDELOW 2005 TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Mendelow

  	
   

  
	
   

  	
  Name:

  	
  Steven Mendelow

  	
   

  
	
   

  	
  Title:

  	
  Trustee

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  G&T TRADING COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Bly

  	
   

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  JACOB P. MERCER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jacob P. Mercer

  	
   

  
	
   

  	
  Jacob P. Mercer

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  ODD INVESTMENTS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel Silna

  	
   

  
	
   

  	
  Daniel Silna

  
	
   

  	
  President, D.D.O. Inc, General
  Partner

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  FRANCES MELLO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frances Mello

  	
   

  
	
   

  	
  Frances Mello

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  GROVER T. WICKERSHAM PC EMPLOYEE PROFIT 

  SHARING PLAN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Grover T. Wickersham

  	
   

  
	
   

  	
  Grover T. Wickersham

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  GLENBROOK CAPITAL LIMITED PARTNERSHIP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Grover T. Wickersham

  	
   

  
	
   

  	
  Grover T. Wickersham

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  REED E. HALLADAY AND CHRISTINE A.S. 

  HALLADAY TRUSTEES OF THE HALLADAY FAMILY 

  TRUST DATED 6/29/95

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Reed E. Halladay

  	
   

  
	
   

  	
  Reed E. Halladay, Trustee

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  TAGER FAMILY TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark Tager

  	
   

  
	
   

  	
  Mark Tager

  

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  M. HAUSMAN, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard
  Hausman

  	
   

  
	
   

  	
  Richard
  Hausman

  
	
   

  	
  Title:

  	
  VP

  	
   

  
						

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this INVESTOR RIGHTS AGREEMENT as
of the date set forth in the first paragraph hereof.

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  DARELL KRASNOFF TRUSTEE OF THE DARELL 

  KRASNOFF TRUST DATED 3/19/99

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Darell
  Krasnoff

  	
   

  
	
   

  	
  Darell
  Krasnoff

  

 

 

SCHEDULE OF INVESTORS

 

DELPHI VENTURES VII, L.P.

DELPHI BIOINVESTMENTS VII, L.P.

MERITECH CAPITAL PARTNERS II L.P.

MERITECH CAPITAL AFFILIATES II, L.P.

MCP ENTREPRENEUR PARTNERS II,
L.P.

THREE ARCH CAPITAL, L.P.

TAC ASSOCIATES, L.P.

TRUNDLE LLC PENSION PLAN

HAROLD AND SANDRA GRUNFELD

VICTORIA AND JEFF KAUFMAN

ODD INVESTMENTS

C&P ASSOCIATE MONEY PURCHASE
PLAN

CARA MENDELOW 2005 TRUST

PAMELA CHRISTIAN 2005 TRUST

WILLIAM J. BRYAN

CURTIS A. LABOUNTY

GAYLEN GHYLIN

THOMAS J. HOGAN

SHARON E. EILEN

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO RANDALL L. JOHNSON IRA

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO CHRISTOPHER R. JOHNSON IRA

R. HUNT GREENE

DAVID BRINK

NELSON FAMILY INVESTMENTS

STEVEN DEETZ

THOMAS DEETZ

GERALD L. DEETZ

JOHN J. FURANNA TRUST

CHARLES PEDRETTI

SANDRA KURTZ

LAUREL M. DUBBELS AND LYNETTE M.
DUBBELS AS JOINT TENANTS

KYLE BERGER

Q-WEST INVESTMENTS, LLC

RYAN R. BERGER

ERIC REYNOLDS

TMP, LLLP

MICHAEL F. ROCHEFORD

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO ROGER D. JOHNSON

G&T TRADING COMPANY

H. RONALD BERG

GARY PETRUCCI

JOHN ADACHI

GERALD P. HALBACH

 

 

DONALD DEAN SPATZ

WILLIAM J. AND CYNTHIA MALONEY

WILLIAM M. GERSHEN

ARTHUR A. JOHNSON

DANIEL A. PELAK

MICHAEL TUITE

GARY G. RITCHIE

M. HAUSMAN, INC.

DR. ROBERTA SENGELMANN

ROBERT J. ZONAR

GEGAX INVESTMENTS LLC

GEGAX FAMILY FOUNDATION

LUND FAMILY LIMITED PARTNERSHIP

CLAYTON L. MILLER II

REED E. HALLADAY AND CHRISTINE
A.S. HALLADAY TRUSTEES OF THE HALLADAY FAMILY TRUST DATED 6/29/95

TODD M. MORGAN SEPARATE PROPERTY
TRUST

CITY NATIONAL BANK CUST. CHERI M.
MORGAN TRUST

DARELL KRASNOFF TRUSTEE OF THE
DARELL KRASNOFF TRUST DATED 3/19/99

DANIEL E. KERN

STUART HEILSBERG

CATALINA STREET INVESTORS, LLC

HOWARD CONN, M.D.

VINCENT LANANNA

BRIAN L. HOLCOMB

ERIC BRANDENBURG AND KRISTY ANN
BRANDENBURG, HUSBAND AND WIFE AS COMMUNITY PROPERTY

JEFFREY SCHNIPPER

D.R. JACOBS AND NANCY JACOBS
FAMILY TRUST

JERRY E. POLIS FAMILY TRUST

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO BRIAN STANGRET

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO SCOTT STANGRET

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO TODD JOHNSON

JOHN J. MEHALCHIN

NORMAN NOUSKAJIAN PROFIT SHARING
PLAN

JOHN K. GEISSE

URBAN FINANCIAL CORPORATION
PROFIT SHARING PLAN & TRUST

US BANCORP PIPER JAFFRAY AS
CUSTODIAN FBO MARK STANGRET

TAGER FAMILY TRUST

MICHAEL L. MEYER LIVING TRUST

GLENBROOK CAPITAL LIMITED
PARTNERSHIP

GROVER T. WICKERSHAM PC EMPLOYEE
PROFIT SHARING PLAN

CHRISTOPHER S. PEACOCK AND MARY
C. PEACOCK HUSBAND AND WIFE

BENJAMIN N. SIMON TRUST DATED
7/15/92

BARRY R. RUBIN

FRANK T. DONALDSON

 

 

FRANCES MELLO

BEN SMITH

GLORIA KATZ IRREVOCABLE TRUST

RBC DAIN RAUSCHER CUSTODIAN FBO
LOUIS NANNE IRA

D. BOMMI BOMMANNAN (FOR SERVICES
RENDERED)

DAVID S. NAGELBERG

THE SPATZ
LIMITED PARTNERSHIP

BARRY M.
WEINTRAUB

MICHAEL
W. NOBLE

ROY G.
GERONEMUS, M.D.

HENRY HIN
LEE CHAN

PINNACLE
VENTURES I-A (Q), L.P.

PINNACLE
VENTURES I-B, L.P.

PINNACLE
VENTURES I AFFILIATES, L.P.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]