Document:

Amendment dated 10/8/2003 to Consulting Agreement dated 10/1/1999

 EXHIBIT 10.38 
  
 NEUROLOGIX 
 One Bridge Plaza 
 Fort Lee, New Jersey 07024 
  
 October 8, 2003 
  
 Michael G. Kaplitt, MD PhD 
  
 Dear Dr. Kaplitt: 
  
 This letter (the “Amendment”) amends that certain Consulting Agreement, dated as of October 1, 1999 (the “Consulting Agreement”),
between yourself and Neurologix, Inc., a Delaware corporation (“Neurologix”). Capitalized terms used herein but not otherwise defined herein shall have the respective meanings assigned to such terms in the Consulting Agreement. 

 
 It is therefore agreed as follows: 
  

	 	1.	Section 4 of the Consulting Agreement is amended and restated to read in its entirety as follows: 

  
 4. Term and Termination. The term of this Agreement shall commence on the date hereof and
shall continue for eight (8) years until September 30, 2007, unless earlier terminated for cause (including breach of any agreement between the parties) by either party upon thirty (30) days written notice to the other party. 
  

	 	2.	Except as amended above by this Amendment, all of your and Neurologix’s respective rights and obligations under the Consulting Agreement and the related Confidentiality,
Proprietary Information and Inventions Agreement, dated as of October 1, 1999, between yourself and Neurologix, shall be deemed preserved by this amendment, without modification or reduction, subject to the effect of any prior waiver effected by
either party. 

  

	 	3.	This Amendment shall be governed by, and construed pursuant to, the laws of the State of New York applicable to agreements made and to be performed wholly within such State.

  

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.
This Amendment may be executed in counterparts. 
  

			
	 Very truly yours,
  
 NEUROLOGIX, INC.

		
	By:	 	 /s/    Martin J. Kaplitt        

	 	 	

	 	 	 Dr. Martin J. Kaplitt
 President

  

	
	
	 ACCEPTED AND AGREED:

	
	 /s/    Michael G. Kaplitt        

	

	Michael G. Kaplitt, MD PhD

  

 -2-Amend. No. 2, dated 04/01/2004 to Series A-2 Preferred Stock Purchase Agreement.

 Exhibit 4.11 
  
 AMENDMENT NO. 2 TO 
  
 SERIES A-2 PREFERRED STOCK PURCHASE AGREEMENT 
  
 This AMENDMENT NO. 2 (the “Second Amendment”) to the Series A-2 Preferred Stock Purchase Agreement dated as of November 19, 2003 (the
“Purchase Agreement”) is made and entered into as of April 1, 2004 by and among Occam Networks, Inc., a California corporation (the “Company”); and each of the Investors (as defined in the Purchase Agreement).
Capitalized terms used and not otherwise defined in this Second Amendment shall have the meanings ascribed to them in the Purchase Agreement. 
  
 RECITALS 
  
 WHEREAS, the Company and the Investors entered into an Amendment No. 1, dated March 8, 2004, to the Purchase Agreement (the “First
Amendment”); 
  
 WHEREAS, the Company and the Investors
have agreed to certain additional amendments to the Purchase Agreement, as set forth herein; 
  
 WHEREAS, the Company proposes to sell and issue (i) to U.S. Venture Partners VII, L.P.; 2180 Associates Fund VII, L.P.; USVP Entrepreneur Partners VII-A, L.P.; USVP Entrepreneur Partners VII-B, L.P.; U.S. Venture
Partners V, L.P.; USVP V International, L.P.; 2180 Associates Fund V, L.P.; and USVP V Entrepreneur Partners, L.P. (collectively, “USVP”) an aggregate of 100,000 additional Shares (the “USVP Shares”), and (ii) to
Norwest Venture Partners VIII, L.P.; and NVP Entrepreneurs Fund VIII, L.P. (collectively, “Norwest”) an aggregate of 53,200 additional Shares (the “Norwest Shares”); 
  
 WHEREAS, the Company and the Investors have agreed to waive the provisions of
Section 8 of the First Amendment (including: (a) their obligation to use reasonable efforts to enter into a “Note Agreement” (as defined therein), and (b) the right of Alta California Partners III, L.P. and Alta Embarcadero Partners III,
LLC (collectively, “Alta”) under certain circumstances to purchase $1,000,000 of “Convertible Notes” (as defined therein)); and 
  
 WHEREAS, Section 7.1 of the Purchase Agreement, as amended, provides that this Second Amendment shall be effective upon the written consent of the Company
and Investors holding 85% in interest of the Common Stock issued or issuable upon conversion of the Shares issued pursuant to the Purchase Agreement, which Investors are represented by the undersigned. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Investors hereby agree as follows: 
  
 1. Increase in Authorized Shares. Section 1.1 of the Purchase Agreement is hereby amended to increase the aggregate number of Shares to be issued
and sold pursuant to the Purchase Agreement from 2,070,910 to 2,224,110. 

 2. Additional Closings. Section 2.1(b) of the Purchase Agreement is hereby amended to extend the
Additional Closing Period during which the Company shall be permitted to sell and issue additional Shares at a subsequent Closing to 140 days from the Initial Closing. 
  
 3. USVP and Norwest as Investors. This Second Amendment, when executed and delivered by USVP and Norwest, shall be
deemed a counterpart signature for purposes of the sale and issuance of the USVP Shares to USVP, and the Norwest Shares to Norwest (USVP and Norwest already being deemed “Investors” pursuant to the Purchase Agreement). The Company hereby
agrees to issue and sell to USVP, and USVP agrees to purchase from the Company, 100,000 Shares at a purchase price of $10.00 per Share for an aggregate purchase price of $1,000,000 (allocated between the investment funds comprising USVP as set forth
on the Schedule of Investors). The Company hereby agrees to issue and sell to Norwest, and Norwest agrees to purchase from the Company, 53,200 Shares at a purchase price of $10.00 per Share for an aggregate purchase price of $532,000 (allocated
between the investment funds comprising Norwest as set forth on the Schedule of Investors). 
  
 4. Closing of Sale of Shares. The Closing of the purchase and sale of the USVP Shares and the Norwest Shares (the “Fourth Closing”) will take place contemporaneously with the execution and
delivery of this Second Amendment, or at such later time as the Company, USVP and Norwest shall agree, at the offices of Wilson Sonsini Goodrich & Rosati, P.C. (“WSGR”), 650 Page Mill Road, Palo Alto, California 94304-1050, all
in accordance with Section 2 of the Purchase Agreement. The Company hereby amends the Schedule of Investors to reflect the purchase and sale of the USVP Shares and the Norwest Shares as set forth on Exhibit A attached hereto. 
  
 5. Alta Warrant Commitment Date. Alta hereby acknowledges and agrees
that the “Commitment Date” set forth in the First Amendment and in those Series A-2 Preferred Stock Purchase Warrants issued to Alta in connection with the First Amendment (the “Alta Warrants”) shall be extended from March
29, 2004 to April 1, 2004. Alta hereby further acknowledges and agrees that the gross proceeds received by the Company as a result of the sale of Shares in the Fourth Closing shall be applied to the “Committed Financing Amount” as defined
in the Alta Warrants such that the number of shares of Series A-2 Preferred issuable upon exercise of the Alta Warrants shall be reduced by an aggregate of 153,200 shares. Alta hereby further agrees that the Alta Warrants are hereby amended to the
extent required to make them consistent with the provisions of this Second Amendment. 
  
 6. Waiver and Termination of Provisions with Respect to Issuance of Convertible Notes. The Company and each Investor agree that all of the provisions of Section 8 of the First Amendment (including: (a) their
obligation to use reasonable efforts to enter into a “Note Agreement” (as defined therein), and (b) the right of Alta under certain circumstances to purchase $1,000,000 of “Convertible Notes” (as defined therein)) are hereby
waived and terminated in their entirety, and shall be of no further force or effect. 
  
 7. Continuing Agreement. Except as specifically amended hereby, all of the terms of the Purchase Agreement shall remain and continue in full force and effect and are hereby confirmed in all respects.

  

 -2- 

 8. Expenses. The Company and each Investor shall each pay their own expenses in connection with
the transactions contemplated by this Second Amendment. 
  
 9.
Authority; Severability. The Company and each Investor warrants that the person(s) signing below is/are authorized to sign this Second Amendment on its behalf and to bind it to the terms of this Second Amendment. Should any provision of this
Second Amendment be held by a court of competent jurisdiction to be invalid or illegal, such invalidity or illegality shall not invalidate the whole of this agreement, but rather the Second Amendment shall be construed as if it did not contain the
invalid or illegal part, and the rights and obligations of the parties shall be construed and enforced accordingly. 
  
 10. Counterparts. This Second Amendment may be executed in counterparts and the signature pages may be combined to create a document binding on all
of the parties hereto. 
  
 11. Governing Law. This Second
Amendment shall be governed by and construed in accordance with the internal laws of the State of California, without regard to the choice of law provisions thereof. 
  
 (Remainder of Page Intentionally Left Blank) 
  

 -3- 

 IN WITNESS WHEREOF, the Company and the undersigned Investors have caused their duly authorized
representatives to execute this Amendment No. 2 to Series A-2 Preferred Stock Purchase Agreement as of the date first written above. 
  

					
	 “COMPANY”
	 	 OCCAM NETWORKS, INC.

	 	 	 a Delaware corporation

			
	 	 	 By:
	 	 /s/ Robert Howard-Anderson

	 	 	 	 	 Robert Howard-Anderson

	 	 	 	 	 President and Chief Executive Officer

  
 [Signature Page to
Occam Networks, Inc. Amendment No. 2 
 to Series A-2 Preferred Stock Purchase Agreement] 

					
	 “INVESTORS”
	 	 ALTA CALIFORNIA PARTNERS III, L.P.

	 (also “ALTA”)
	 	 By:
	 	 Alta California Management Partners III, LLC

			
	 	 	 By:
	 	 /s/ Hilary Strain

	 	 	 	 	 V.P. of Finance and Administration

		
	 	 	 ALTA EMBARCADERO PARTNERS III, LLC

			
	 	 	 By:
	 	 /s/ Hilary Strain

	 	 	 	 	 V.P. of Finance and Administration

  
 [Signature Page to
Occam Networks, Inc. Amendment No. 2 
 to Series A-2 Preferred Stock Purchase Agreement] 

					
	 “INVESTORS”
	 	 
	 (also, “USVP”)
	 	 U.S. Venture Partners VII, L.P.

	 	 	 2180 Associates Fund VII, L.P.

	 	 	 USVP Entrepreneur Partners VII-A, L.P.

	 	 	 USVP Entrepreneur Partners VII-B, L.P.

	 	 	 By Presidio Management Group VII, L.L.C.

	 	 	 The General Partner of Each

			
	 	 	 By:
	 	 /s/ Steven Krausz

	 	 	 Name:
	 	 Steven Krausz

	 	 	 Title:
	 	 Managing Member

		
	 	 	 U.S. Venture Partners V, L.P.

	 	 	 USVP V International, L.P.

	 	 	 2180 Associates Fund V, L.P.

	 	 	 USVP V Entrepreneur Partners, L.P.

	 	 	 By Presidio Management Group V, L.L.C.

	 	 	 The General Partner of Each

			
	 	 	 By:
	 	 /s/ Steven Krausz

	 	 	 Name:
	 	 Steven Krausz

	 	 	 Title:
	 	 Managing Member

  
 [Signature Page to
Occam Networks, Inc. Amendment No. 2 
 to Series A-2 Preferred Stock Purchase Agreement] 

					
	 “INVESTORS”
	 	 	 	 
	 (also, “NORWEST”)
	 	 Norwest Venture Partners VIII, L.P.

	 	 	 By:
	 	 Itasca VC Partners VIII, LLP

	 	 	 Its:
	 	 General Partner

			
	 	 	 By:
	 	 /s/ Promod Haque

	 	 	 Name:
	 	 Promod Haque

	 	 	 Title:
	 	 Managing Partner

		
	 	 	 NVP Entrepreneurs Fund VIII, L.P.

	 	 	 By:
	 	 Itasca VC Partners VIII, LLP

	 	 	 Its:
	 	 General Partner

			
	 	 	 By:
	 	 /s/ Promod Haque

	 	 	 Name:
	 	 Promod Haque

	 	 	 Title:
	 	 Managing Partner

  
 [Signature Page to
Occam Networks, Inc. Amendment No. 2 
 to Series A-2 Preferred Stock Purchase Agreement] 

					
	 “INVESTORS”
	 	 	 	 
	 	 	 New Enterprise Associates 9, L.P.

	 	 	 By:
	 	 NEA Partners 9, L.P.

	 	 	 Its
	 	 General Partner

			
	 	 	 By:
	 	 /s/ Thomas C. McConnell

	 	 	 Name:
	 	 Thomas C. McConnell

	 	 	 Title:
	 	 General Partner

  
 [Signature Page to
Occam Networks, Inc. Amendment No. 2 
 to Series A-2 Preferred Stock Purchase Agreement] 

 EXHIBIT A 
  

AMENDED SCHEDULE OF PURCHASERS 
 (FOURTH CLOSING) 
  
 I. Initial Closing Investors

  

						
	 Investor

	  	Number of
Series A-2 Shares

	  	Purchase Price

	 U.S. Venture Partners VII, L.P.
	  	960,000	  	$	9,600,000.00
	 2180 Associates Fund VII, L.P.
	  	20,000	  	 	200,000.00
	 USVP Entrepreneur Partners VII-A, L.P.
	  	10,000	  	 	100,000.00
	 USVP Entrepreneur Partners VII-B, L.P.
	  	10,000	  	 	100,000.00
	 U.S. Venture Partners V, L.P.
	  	81,819	  	 	818,190.00
	 USVP V International, L.P.
	  	4,546	  	 	45,460.00
	 2180 Associates Fund V, L.P.
	  	2,545	  	 	25,450.00
	 USVP V Entrepreneur Partners, L.P.
	  	2,000	  	 	20,000.00
			
	 2735 Sand Hill Road
 Menlo Park, CA 94025
 Attention: Chief Financial Officer
 Fax: (650) 854-3018
	  	 	  	 	 
			
	 New Enterprise Associates 9, L.P.
	  	200,000	  	$	2,000,000.00
			
	 2490 Sand Hill Road
 Menlo Park, CA 94025
 Attention: Thomas C. McConnell
 Fax: (650) 854-9397
	  	 	  	 	 
			
	 Norwest Venture Partners VIII, L.P.
	  	285,801	  	$	2,858,010.00
	 NVP Entrepreneurs Fund VIII, L.P.
	  	14,199	  	 	141,990.00
			
	 525 University Avenue, Suite 800
 Palo Alto, CA 94301
 Attention: Robert Abbott
 Fax: (650) 321-8010
	  	 	  	 	 
			
	 Hook Partners V, L.P.
	  	20,000	  	$	200,000.00
			
	 One Lincoln Centre, Suite 1550
 5400 LBJ Freeway
 Dallas, TX 75240
 Attn: David Hook
	  	 	  	 	 
	 	  	
	  	
	

	 Total
	  	1,610,910	  	$	16,109,100.00
	 	  	
	  	
	

 II. Second Closing Investors 
  

						
	 Investor

	  	Number of
Series A-2 Shares

	  	Purchase Price

	 Windward Ventures, L.P.
	  	20,000	  	$	200,000
	 Windward Ventures 2000, L.P
	  	13,606	  	 	136,060
	 Windward Ventures 2000-A, L.P.
	  	6,394	  	 	63,940
			
	 550 West C Street, Suite 2030
 San Diego, CA 92101
 Attention: Administrative Partner
 Fax: (619) 234-6886
	  	 	  	 	 
	 	  	
	  	
	

	 Total
	  	40,000	  	$	400,000
	 	  	
	  	
	

  
 III. Third Closing Investor
(Alta Closing) 
  

						
	 Investor

	  	Number of
Series A-2 Shares

	  	Purchase Price

	 Alta California Partners III, L.P.
	  	386,934	  	$	3,869,340
	 Alta Embarcadero Partners III, LLC
	  	13,066	  	 	130,660
	 One Embarcadero Center
 Suite 4050
 San Francisco, CA 94111
 Attention: Khaled Nasr
 Fax: (415) 362-6178
	  	 	  	 	 
			
	 Windward Ventures, L.P.
	  	20,000	  	$	200,000
	 550 West C Street, Suite 2030
 San Diego, CA 92101
 Attention: Administrative Partner
 Fax: (619) 234-6886
	  	 	  	 	 
	 	  	
	  	
	

	 Total
	  	420,000	  	$	4,200,000
	 	  	
	  	
	

  
  

 -2- 

 IV. Fourth Closing Investors 
  

						
	 Investor

	  	Number of
Series A-2 Shares

	  	Purchase Price

	 U.S. Venture Partners VII, L.P.
	  	88,000	  	$	880,000.00
	 2180 Associates Fund VII, L.P.
	  	1,833	  	 	18,330.00
	 USVP Entrepreneur Partners VII-A, L.P.
	  	917	  	 	9,170.00
	 USVP Entrepreneur Partners VII-B, L.P.
	  	917	  	 	9,170.00
	 U.S. Venture Partners V, L.P.
	  	7,500	  	 	75,000.00
	 USVP V International, L.P.
	  	417	  	 	4,170.00
	 2180 Associates Fund V, L.P.
	  	233	  	 	2,330.00
	 USVP V Entrepreneur Partners, L.P.
	  	183	  	 	1,830.00
			
	 2735 Sand Hill Road
 Menlo Park, CA 94025
 Attention: Chief Financial Officer
 Fax: (650) 854-3018
	  	 	  	 	 
			
	 Norwest Venture Partners VIII, L.P.
	  	50,682	  	$	506,820.00
	 NVP Entrepreneurs Fund VIII, L.P.
	  	2,518	  	 	25,180.00
			
	 525 University Avenue, Suite 800
 Palo Alto, CA 94301
 Attention: Robert Abbott
 Fax: (650) 321-8010
	  	 	  	 	 
	 	  	
	  	
	

	 Total
	  	153,200	  	$	1,532,000.00
	 	  	
	  	
	

  

 -3-

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