Document:

Edgewater/Epic - Amendment to Trademark Security Agreement 3/02

EXHIBIT 4.23

 

FIRST AMENDMENT TO TRADEMARK AND LICENSE SECURITY

AGREEMENT

 

THIS FIRST AMENDMENT TO TRADEMARK AND LICENSE SECURITY

AGREEMENT (this

“Amendment”) is entered into as of the                 day of March, 2002, by and between EPICEDGE, INC.,

a Texas corporation (the “Company”), and EDGEWATER PRIVATE EQUITY FUND III,

L.P., a Delaware limited partnership (the “Lender”).

 

W  I  T  N  E

S  S  E  T  H:

 

WHEREAS, pursuant to a certain Secured Promissory Note dated

as of February 19, 2002, in the original principal amount of $610,000 made by

the Company in favor of the Lender (the “Prior Note”), the Company and the

Lender entered into that certain Trademark and License Security Agreement of

even date therewith (the “Agreement”);

 

WHEREAS, in connection with an additional loan by the Lender

in the principal amount of $250,000, the Company entered into a certain

Substitute Secured Promissory Note of even date herewith, in the original

principal amount of $860,000, which note was made in substitution of and

replaced the Prior Note; and

 

WHEREAS, as a result of the substitution and replacement of

the Prior Note, the parties hereto now desire to amend the Agreement to reflect

the changes set forth below.

 

NOW, THEREFORE, for and in consideration of the premises and mutual

agreements herein contained and for the purposes of setting forth the terms and

conditions of this Amendment, the parties, intending to be bound, hereby agree

as follows:

 

1.             Incorporation of the Agreement.  All capitalized terms that are not defined

hereunder shall have the same meanings as set forth in the Agreement, and the

Agreement, to the extent not inconsistent with this Amendment, is incorporated

herein by this reference as though the same were set forth in its entirety.  To the extent any terms and provisions of

the Agreement are inconsistent with the amendments set forth in Paragraph 2

below, such terms and provisions shall be deemed superseded hereby.  Except as specifically set forth herein, the

Agreement shall remain in full force and effect and its provisions shall be

binding on the parties hereto.

 

2.             Amendment of the Agreement.  The first recital of the Agreement and the

definition of “Note” set forth therein are hereby amended and restated in their

entirety as follows:

 

WHEREAS, the Lender has agreed to loan the Company an aggregate

principal amount of Eight Hundred Sixty Thousand Dollars ($860,000) pursuant to

that certain Substitute Secured Promissory Note dated as of March          , 2002 (the “Note”), made by the

Company in favor of the Lender; and

 

3.             Fees and Expenses.  The Company agrees to pay on demand all costs and expenses of or

incurred by the Lender (including, but not limited to, legal fees and expenses)

in 

 

 

connection with the evaluation, negotiation,

preparation, execution and delivery of this Amendment.

 

4.             Effectuation. 

The amendments to the Agreement contemplated by this Amendment shall be

deemed effective immediately upon the full execution of this Amendment and

without any further action required by the parties hereto.  There are no conditions precedent or

subsequent to the effectiveness of this Amendment.

 

5.             Continuing Effect.  Except as otherwise specifically set forth herein, the provisions

of the Agreement shall remain in full force and effect.  The Company hereby reaffirms its grant of

the security interest in the Collateral, as amended hereby.

 

6.             Counterparts. 

This Amendment may be executed in two or more counterparts, each of

which shall be deemed an original, and all of which together shall constitute

one and the same instrument.  A

signature page of this Amendment executed and transmitted via facsimile

shall be deemed an original for all purposes.

 

[SIGNATURE PAGE FOLLOWS]

 

2

 

Amendment to Trademark and License Security Agreement

Signature Page

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment

to Trademark and License Security Agreement as of the date first above written.

 

	

   

  	

  EPICEDGE, INC.

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

  EDGEWATER

  PRIVATE EQUITY FUND III, L.P.

  
	

   

  	

   

  
	

   

  	

  By: Edgewater III

  Management, L.P., its General Partner

  
	

   

  	

   

  
	

   

  	

  By:

  Gordon Management, Inc., its General Partner

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
					

 

A-1SHAREHOLDERS’ AGREEMENT

Exhibit 4.24

AMENDMENT

NO. 1

TO

 SHAREHOLDERS AGREEMENT

 

 

 

                This Amendment No. 1 dated June 21, 2000

(“Amendment”) amends the Shareholders Agreement, dated February 18, 2000

(“Agreement”), by and among EpicEdge, a Texas corporation (the “Company”), Carl

Rose, Charles Leaver, Jeff Sexton and Kelly Knake, Edgewater Private Equity

Fund III, L.P., Aspen Finance Investors I, LLC, Fleck T.I.M.E. Fund LP, Fleck

Family Partnership II, LP, LJH Partners LP, Wain Investment, LLC, Gerald C.

Allen, and John Paul DiJoria, (collectively, the “Shareholders”).

 

WITNESSETH:

 

                WHEREAS, on February 18, 2000, the Company and the

Shareholders entered into the Agreement: and,

 

                WHEREAS, the Shareholders and the Company consider it

to be in the best interest of the Company, its business and the Shareholders

that this Amendment amends the Agreement.

 

                NOW, THEREFORE, in consideration of the mutual

promises, covenants and conditions herein contained, and for other good and

valuable consideration, the receipt and sufficiency of which is hereby

acknowledged, the parties hereto covenant and agree as follows:

 

1.             The Shareholders and the Company

hereby agree that Section 2.1(c) is hereby amended in its entirely as follows:

 

“Permitted

Transfers” means (i) the sale of up to 3,000,000 shares of Principal Common

Stock in the aggregate owned by Carl Rose as follows:

 

 (a)  1,000,000 shares of Principal Common Stock to Jeff Sexton,

 (b)  1,000,000 shares of Principal Common Stock to Charles Leaver, and

 (c)  1,000,000 shares of Principal Common Stock to Growth Stocks, Inc;

 

and (ii) the sale

of up to 50,000 shares of Principal Common Stock in the aggregate owned by each

Jeff Sexton, Charles Leaver and Kelly Knake.

 

2.             The Shareholders and the Company hereby agree that

Section 2.2 is hereby amended to add the following sentences following the last

sentence of Section 2.2:

 

 

“Upon a Permitted

Transfer, the Company shall cause to be executed and delivered to the Permitted

Transferee a certificate or certificates representing the aggregate number of

Shares transferred to such Permitted Transferee, which such certificates shall

have imprinted thereon a legend as set forth in Section 4.1 thereto.  Notwithstanding the foregoing, however, a

Transfer shall not be deemed to be a Permitted Transfer unless the Transferee

of the Shares expressly assumes, in writing, all of the obligations of a

Shareholder under this Agreement pursuant to the form of Shareholder Assent

attached hereto as Exhibit A. 

Furthermore, in the event a Permitted Transferee is already a party to

this Agreement, the Shares transferred to such Permitted Transferee shall

remain subject to the terms and conditions as set forth herein.”

 

3.             Defined terms not otherwise defined herein have the same

definition as set forth in the Agreement.

 

4.             Except for Sections

2.1(c) and 2.2 which have been amended as set forth herein, all remaining

provisions of the Agreement remain in full force and effect.

 

5.             This Amendment may

be executed in one or more counterparts (including by means of separate signature

pages, which may be attached hereto) by one or more of the parties, each of

which shall be deemed an original, and all of said counterparts (and signatures

pages) shall be deemed to constitute or be part of one and the same instrument.  One or more counterparts of this Amendment

may be delivered by facsimile, with the intention that delivery by such means

shall have the same effect as delivery of an original counterpart thereof.

 

 

 

 

[REMAINDER OF PAGE INTENTIONALLY BLANK]

 

 

2

 

SHAREHOLDERS’ AGREEMENT SIGNATURE PAGE

 

                IN WITNESS WHEREOF, the Company and each of the

Shareholders have signed this Agreement, all on the day and year first above

written.

 

 

	

  EPICEDGE,

  INC.

  	

   

  	

   

  	

  LJH

  PARTNERS LP, a

  Delaware

  
	

  a Texas Corporation

  	

   

  	

   

  	

  Limited Partnership

  
	

  By:

  	

   

  	

   

  	

  By:

  	

   

  
	

   

  	

  Charles Leaver, President

  	

   

  	

  Its:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  EDGEWATER

  PRIVATE EQUITY FUND III, L.P.

  	

   

  	

  WAIN

  INVESTMENT, LLC,

  an Ohio Limited Liability Company

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

  Edgewater

  III Management, L.P.

  	

   

  	

  By:

  	

   

  
	

  Its:

  	

  General Partner

  	

   

  	

  Its:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:  

  	

  Gordon

  Management, Inc.

  	

   

  	

  Gerald C. Allen

  
	

  Its:

  	

  General Partner

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

  John Paul DiJoria

  
	

  Its:

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  ASPEN

  FINANCE INVESTORS I, LLC, a Colorado Limited Liability Company

  	

   

  	

  Carl Rose

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

   

  
	

  Its: 

  	

  Manager

  	

   

  	

  Charles Leaver

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  FLECK

  T.I.M.E. FUND, LP,

  a Connecticut Limited Partnership

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  Jeff Sexton

  
	

  By:

  	

   

  	

   

  	

   

  	

   

  
	

  Its: 

  	

  Managing Partner

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  Kelly Knake

  
	

  FLECK

  FAMILY PARTNERSHIP II, LP, a Florida Limited Partnership

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

   

  	

   

  
	

  Its: 

  	

  Managing Partner

  	

   

  	

   

  	

   

  

 

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]