Document:

Prepared by R.R. Donnelley Financial -- Consent of PriceWaterhouseCoopers N.V.

 
Exhibit 10.1  
  
 

 
  
 CONSENT OF INDEPENDENT ACCOUNTANTS 
  

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-90616, No. 33-80797, No. 333-6390, No. 333-6862, No. 333-7226 and No. 333-12732) of
STMicroelectronics N.V. of our report dated February 1, 2002, except for Note 27, as to which the date is April 15, 2002, relating to the consolidated financial statements, which appears in this Form 20-F. We also consent to the incorporation by
reference of our report dated February 1, 2002 relating to the financial statement schedule, which also appears in this Form 20-F. 
  
 

 
  
 PricewaterhouseCoopers N.V. 
 Amsterdam, The Netherlands 
 May 24, 2002Exhibit 4

Exhibit 4.3

NETWORK COMPUTING DEVICES, INC.

 

AMENDED CERTIFICATE OF DESIGNATIONS, PREFERENCES AND

RIGHTS OF THE TERMS OF THE SERIES B, SERIES B1, SERIES C, SERIES C1

AND SERIES D PREFERRED STOCK

 

(Pursuant to

Section 242 of the General Corporation Law of the State of Delaware)

 

The undersigned Chief Financial Officer of Network

Computing Devices, Inc., organized and existing under the General Corporation

Law of the State of Delaware, in accordance with the provisions of Section 103

thereof, DOES HEREBY CERTIFY:

1.             That,

on April 11, 2002, the Board of Directors of the Corporation adopted the

following resolution creating a series of 290,000 shares designated as Series

B1 Preferred Stock, a series of 530,000 shares designated as Series C1

Preferred Stock and a series of 266,129 shares designated as Series D Preferred

Stock:

RESOLVED, that three new series of Preferred stock of

the Corporation, designated Series B1 Preferred Stock, Series C1 Preferred

Stock and Series D Preferred Stock, are hereby created, and that the

designation and amount of the Series B Preferred Stock, Series B1 Preferred

Stock, Series C Preferred Stock, Series C1 Preferred Stock and Series D

Preferred Stock and the powers, preferences and relative, participating,

optional and other special rights of the shares of such series, and the

qualifications, limitations or restrictions thereof, are as follows:

Section

1:               DESIGNATION AND AMOUNT.

The shares of such series shall be designated as

“Series B Preferred Stock” (“Series B Preferred Stock”), par value $.001 per

share, “Series B1 Preferred Stock” (“Series B1 Preferred Stock”), par value

$.001 per share, “Series C Preferred Stock” (“Series C Preferred Stock”), par

value $.001 per share, “Series C1 Preferred Stock” (“Series C1 Preferred

Stock”), par value $.001 per share, and “Series D Preferred Stock”

(“Series D Preferred Stock”), par value $.001 per share.  The number of shares initially constituting

the Series B Preferred Stock, Series B1 Preferred Stock, Series C Preferred

Stock, Series C1 Preferred Stock and Series D Preferred Stock shall be 290,000

shares, 290,000 shares, 530,000 shares, 530,000 shares and 266,129 shares,

respectively.  The Series B Preferred

Stock, Series B1 Preferred Stock, Series C Preferred Stock, Series C1 Preferred

Stock and Series D Preferred Stock are sometimes referred to together as

the “Senior Preferred Stock.”

Section

2:               DIVIDENDS AND

DISTRIBUTIONS.

(a)           Dividends.

The holders of the Series B Preferred Stock (the “Series B Holders”), the

holders of the Series B1 Preferred Stock (the “Series B1 Holders”), the holders

of the Series C Preferred Stock (the “Series C Holders”), the holders of the

Series C1 Preferred Stock (the “Series C1 Holders”) and the holders of the

Series D Preferred Stock (the “Series D Holders” or, collectively with the

Series B Holders, the Series B1 Holders, the Series C Holders and the Series C1

Holders, the “Senior Holders”) shall be entitled to receive when, as and if

declared by the Board of Directors, out of any assets legally available therefor,

dividends not less 

 

than, and in preference and priority to any

payment of, any dividend or distribution on the Common Stock or any other class

or series of stock of the Corporation ranking junior to the Senior Preferred

Stock and pro rata with payment of any dividend on any class or series

of stock of the Corporation ranking on a parity with the Senior Preferred Stock

as to dividends.  Such dividends on the

Series B Preferred Stock, Series B1 Preferred Stock, Series C Preferred Stock,

Series C1 Preferred Stock and Series D Preferred Stock shall accrue at the rate

of $.41 per share, $.55 per share, $.23 per share, $.23 per share and $.50 per

share, respectively, per annum from the date of issuance to the date of

payment, based on the actual number of days elapsed, and shall be payable on

the payment date fixed by the declaration or, if no payment date is fixed,

shall accrue semi-annually on May 31st and November 30th

of each year, and upon any Liquidation (as hereinafter defined). In the event

dividends in less than the full preferential amount shall be paid to the

holders of the Senior Preferred Stock, such dividends shall be distributed

ratably among such holders in proportion to the full preferential amount that

each such holder is otherwise entitled to receive under this Section 2(a).

 

(b)           Distributions.

As used in this Section 2, the term “distribution” shall mean a transfer of

cash, property or securities without consideration, whether by way of dividend

or otherwise, or the purchase or redemption of shares of the Corporation.

(c)           Necessary

Actions. The Corporation shall take any and all corporate action necessary

to declare and pay the dividends required.

Section

3:               LIQUIDATION.

(a)           Liquidation

Defined. “Liquidation” means any voluntary or involuntary liquidation,

dissolution or winding up of the affairs of the Corporation, other than any

dissolution, liquidation or winding up in connection with any reincorporation

of the Corporation in another jurisdiction. 

A Corporate Transaction (as hereinafter defined) shall be deemed to be a

Liquidation.  As used herein, “Corporate

Transaction” shall mean (i) any consolidation or merger of the Corporation with

or into any other corporation or other entity or person, or any other corporate

reorganization, in which the stockholders of the Corporation immediately prior

to such consolidation, merger or reorganization own less than fifty percent

(50%) of the Corporation’s voting power immediately after such consolidation,

merger or reorganization, or (ii) a sale, lease, transfer or other disposition

of all or substantially all of the assets of the Corporation.

(b)           Rights.

Upon a Liquidation, as hereinabove defined, after payment or provision for

payment of the debts and other liabilities of the Corporation, and prior to any

distribution to the holders of Series A Participating Preferred Stock or Common

Stock of the Corporation, the Senior Holders shall be entitled to receive, out

of the remaining assets of the Corporation available for distribution to its

stockholders, an amount equal to $7.00 per share plus accrued and unpaid

dividends, if any, with respect to each share of Series B Preferred Stock or

Series B1 Preferred Stock (the “Series B Liquidation Preference”), an

amount equal to $3.80 per share plus accrued and unpaid dividends, if any, with

respect to each share of Series C Preferred Stock or Series C1 Preferred Stock

(the “Series C Liquidation Preference”) and an amount equal to $6.20 per

share plus accrued and unpaid dividends, if any, with respect to each share of

Series D Preferred Stock (the “Series D Liquidation Preference”).  Following the payment of the full amount of

the Series B Liquidation Preference, the Series C Liquidation Preference

and the

 

2

 

Series D Liquidation Preference and any

preference that is payable to the holders of any other series of Preferred

Stock, the holders of Senior Preferred Stock and Common Stock and, to the

extent provided for in the Certificate of Incorporation of the Corporation,

such other series of Preferred Stock, shall receive their ratable and

proportionate share, on a per share and as-converted to Common Stock basis, of

the remaining assets to be distributed with respect to such Senior Preferred

Stock, such other series of Preferred Stock and Common Stock,

respectively.  If upon any Liquidation

the assets of the Corporation available for distribution to its stockholders

shall be insufficient to pay to the Senior Holders and the holders of any other

class of capital stock ranking on a parity with the Senior Preferred Stock

(“Parity Holders”) the full Series B Liquidation Preference, Series C

Liquidation Preference, Series D Liquidation Preference and liquidation

preference payable to such Parity Holders (“Parity Preference”), respectively,

the Senior Holders and Parity Holders shall share pro rata in any distribution

of assets in accordance with such full Series B Liquidation Preference,

Series C Liquidation Preference, Series D Liquidation Preference and Parity Preference

amounts, respectively.

 

Section 4:               VOTING

RIGHTS.

In addition to

other rights provided herein or by law, the Senior Holders shall be entitled to

vote on all matters submitted to the stockholders of the Corporation for vote

or consent and, except when a single class vote is required, will vote with the

holders of Common Stock as one class. 

Each of the Senior Holders shall be entitled to one vote per share of

Common Stock issuable upon conversion of the shares of Senior Preferred Stock

then held by such holder.

Section

5:               CONVERSION.

(a)           Rate.  The Senior Preferred Stock shall be

convertible, at the option of the holder thereof, at a rate of ten (10) shares

of Common Stock for each share of Series B Preferred Stock, Series B1 Preferred

Stock, Series C Preferred Stock, Series C1 Preferred Stock or Series D

Preferred Stock, each subject to appropriate adjustment in the event of any

stock split, stock dividend or reverse stock split affecting the Common Stock

where the Series B Preferred Stock, Series B1 Preferred Stock, Series C

Preferred Stock, Series C1 Preferred Stock or Series D Preferred Stock is

not treated in an equivalent manner.

(b)           Limitations

on Conversion Rights. 

Notwithstanding the provisions of Section 5(a), the right of any holder

of shares Series B1 Preferred Stock, Series C Preferred Stock or Series C1

Preferred Stock to convert such shares to Common Stock shall be subject to the

following limitations:

(i)            the Series C Preferred Stock and the

Series C1 Preferred Stock shall not be convertible unless and until the

Certificate of Incorporation of the Corporation is amended to increase the

number of authorized shares of Common Stock by not less than 5,300,000;

(ii)           the Series B1 Preferred Stock shall

not be convertible (x) during any time when, if the Series B1 Preferred Stock

were convertible, any holder of Series B1 Preferred Stock would be deemed to be

an Acquiring Person, as such term is defined in the 

 

3

 

Rights Agreement dated August 12, 1997 between

the Corporation and ChaseMellon Shareholder Services, L.L.C., as the same may

be amended from time to time, taking into account all equity securities

beneficially owned by such holder, or (y) during any 60-day period following

any disposition of securities of the Corporation by any person who, prior to

such disposition, would have been deemed to be an Acquiring Person had the

Series B1 Preferred Stock been convertible at such time; and

 

(iii)          the Series C1 Preferred Stock shall

not be convertible (x) during any time when, if the Series C1 Preferred Stock

were convertible, any holder of Series C1 Preferred Stock would be deemed to be

an Acquiring Person, taking into account all equity securities beneficially

owned by such holder, or (y) during any 60-day period following any disposition

of securities of the Corporation by any person who, prior to such disposition,

would have been deemed to be an Acquiring Person had the Series C1 Preferred

Stock been convertible at such time.

During the time when the foregoing restrictions are in

effect, the Series B1 Holders, the Series C Holders and the Series C1 Holders

shall have the same rights upon a Liquidation under Section 3 and the same

voting rights under Section 4 as they would have absent such restrictions.

(c)           Mechanics

of Conversion.  Upon delivery to the

Corporation of the certificate or certificates for the shares of Senior

Preferred Stock to be converted, duly endorsed or assigned in blank to the

Corporation (if required by it), the Corporation shall issue and deliver to or

upon the written order of a Senior Holder, to the place designated by such

holder, a certificate or certificates for the number of full shares of Common

Stock to which such holder is entitled.

Section

6:               REDEMPTION.

The outstanding shares of

a series of Senior Preferred Stock may not be redeemed by the Corporation

without the consent of the holders of all of the then outstanding shares of

such series.

Section 7:               NO REISSUANCE.

No shares of Senior Preferred Stock acquired by the

Corporation by reason of exchange, conversion or otherwise shall be reissued

and all such shares shall be canceled, retired and eliminated from the shares

of Senior Preferred Stock which the Corporation shall be authorized to issue.

Section

8:               PROTECTIVE PROVISIONS.

(a)           Required

Consents. In addition to any other vote or consent required herein or by

law, the affirmative vote or written consent of the Series B Holders owning a

majority of the outstanding Series B Preferred Stock, the Series B1 Holders

owning a majority of the outstanding Series B1 Preferred Stock, the Series C

Holders owning a majority of the outstanding Series C Preferred Stock, the

Series C1 Holders owning a majority of the outstanding Series C1 Preferred

Stock and the Series D Holders owning a majority of the outstanding Series D

Preferred Stock, each voting as a separate class, shall be necessary for

effecting or validating the following actions:

 

4

 

(i)            Any

amendment, alteration, repeal, or waiver of any provision of the Certificate of

Incorporation of the Corporation (including the filing of any Certificate of

Designations), as in effect from time to time (the “Certificate of

Incorporation”), or the Bylaws of the Corporation, that affects adversely the

voting powers, preferences, priorities or other special rights or privileges,

qualifications, limitations, or restrictions of such series of Preferred Stock;

(ii)           Any

redemption or repurchase of capital stock of the Corporation (except for

acquisitions of Common Stock by the Corporation under stock option or

restricted stock agreements with employees approved by the Board of Directors);

(iii)          Any

material disbursement of funds outside of the ordinary course of the

Corporation’s business;

(iv)          Any

consolidation or merger of the Corporation with or into any other Company or

other entity or person, or the entering into any other corporate

reorganization;

(v)           Any

termination of the Corporation’s line of business as of the date of the first

issuance of Series B Preferred Stock or substitution of an unrelated line of

business as its principal focus of the Corporation’s activities;

(vi)          Any

voluntary dissolution, liquidation winding-up or partial liquidation of the

Corporation, or any distribution or transaction in the nature of a partial

liquidation or distribution, or any sale or other transfer of all or

substantially all of the assets of the Corporation (including shares, or all or

substantially all of the assets, of any subsidiary of the Corporation); or

(vii)         Any

increase or decrease in the authorized number of shares of any series or class

of the Corporation’s capital stock.

(b)           Financial

Reports. The Corporation will furnish to the Senior Holders, as soon as

practicable, and in any case within 75 days after the end of each fiscal

quarter, unaudited quarterly financial statements, and within 90 days after the

end of each fiscal year, annual audited financial statements (all prepared in

accordance with generally accepted accounting principles consistently applied).

 

5

 

Section 9:               NO IMPAIRMENT.

The Corporation will not, by amendment of its

Certificate of Incorporation or through any reorganization, transfer of assets,

consolidation, merger, dissolution, issue or sale of securities or any other

voluntary action, avoid or seek to avoid the observance or performance of any

of the terms of the Senior Preferred Stock set forth herein, and will at all

times in good faith assist in the carrying out of all such terms and in the

taking of all such action as may be necessary or appropriate in order to

protect the rights of the Senior Holders against impairment. Without limiting

the generality of the foregoing, the Corporation will take all such action as

may be necessary or appropriate in order that the Corporation may reserve for

issuance, and validly and legally issue fully paid and non-assessable Company

shares on the conversion of all Senior Preferred Stock from time to time

outstanding.

Section 10:             NOTICES.

All notices, requests and other communications shall

be in writing addressed to the Corporation at its principal office or to the

Senior Holders at their addresses appearing on the stock ownership records of

the Corporation and delivered by a nationally recognized overnight mail

carrier, certified  mail return receipt

requested or facsimile.  Any notice sent

by nationally-recognized overnight mail carrier shall be deemed to be delivered

on the expected date of delivery.  Any

notice sent by certified mail, return receipt requested, shall be deemed to be

delivered 3 days after mailing.  Any

notice sent by facsimile shall be deemed delivered upon the receipt by sender

of written confirmation of transmission.

2.             That

the foregoing amendment has been duly adopted in accordance with Section 242 of

the General Corporation Law of the State of Delaware.

 

 

 

 

 

[Remainder

of page intentionally left blank.]

 

6

 

IN WITNESS WHEREOF, I have executed and subscribed

this Certificate and do affirm the foregoing as true under the penalties of

perjury this 1st day of May, 2002.

 

 

	

  /s/ Rudolph G. Morin

  
	

  Rudolph G. Morin, Chief

  Financial Officer

  

 

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]