Document:

exv4w3

 

Exhibit 4.3

THIS WARRANT AND THE SHARES PURCHASABLE HEREUNDER HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR QUALIFIED UNDER ANY STATE
SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR QUALIFICATION OR AN EXEMPTION THEREFROM UNDER SAID ACT AND ANY APPLICABLE STATE
SECURITIES LAWS.

THIS WARRANT AND THE SHARES PURCHASABLE HEREUNDER ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH
BELOW IN SECTION 6 BELOW CONTAINED IN THAT CERTAIN SONICS, INC. SERIES C PREFERRED STOCK PURCHASE
AGREEMENT, DATED MARCH 14, 2004, WHICH RESTRICTIONS ON TRANSFER ARE INCORPORATED HEREIN BY
REFERENCE AS SET FORTH IN SECTION 6 BELOW.

	 	 	 
	Warrant No. C-17

	 	Dated: March 14, 2004

WARRANT TO PURCHASE

SERIES C PREFERRED STOCK OF

SONICS, INC.

          This certifies that Needham & Company, or assigns (collectively, the “Holder”), for value
received, is entitled to purchase from Sonics, Inc., a Delaware corporation (the “Company”), up to
Two Hundred Thousand (200,000) shares of fully paid and nonassessable shares of the Company’s
Series C Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock” and the shares
of Series C Preferred Stock subject to this Warrant, hereinafter the “Warrant Shares”), at an
exercise price of $1.00 per Warrant Share (the “Stock Purchase Price”) which shall be subject to
adjustment pursuant to Section 4 hereof.

     This Warrant shall be exercisable at any time from time to time from and after the date hereof
(such date being referred to herein as the “Initial Exercise Date”) up to and including 5:00 p.m.
(Pacific Time) on the fifth year anniversary of the date hereof (referred to herein as the
“Expiration Date”), upon surrender to the Company at its principal office (or at such other
location as the Company may advise the Holder in writing) of this Warrant properly endorsed with
(i) the Form of Subscription attached hereto duly completed and executed, (ii) payment pursuant to
Section 2 of the aggregate Stock Purchase Price for the number of shares for which this Warrant is
being exercised determined in accordance with the provisions hereof, and (iii) any documents
reasonably requested by the Company to be executed by the Holder as if Holder were an investor in
the Series C Preferred Stock Financing (as defined below), including without limitation, an
investors’ rights agreement, a right of first refusal and co-sale agreement, a voting agreement,
and an investment representation statement, substantially in the form attached hereto as
Schedule 1, thereby agreeing to be bound by all obligations and receive all rights
thereunder. The Stock Purchase Price and the number of shares purchasable hereunder are subject to
adjustment as provided in Section 4 of this Warrant. For purposes of this Warrant, the “Series C
Preferred Stock Financing” shall mean the sale by the Company of shares of its Series C
Preferred Stock pursuant to the Sonics, Inc. Series C Preferred Stock Purchase Agreement dated

1

 

as
of March 14, 2004 by and among the Company and the investors set forth on the signature pages
thereto (the “Agreement”).

          1. Exercise; Issuance of Certificates; Acknowledgement. This Warrant is exercisable
at the option of the holder of record hereof, at any time or from time to time from or after the
Initial Exercise Date up to the Expiration Date for all or any part of the Warrant Shares (but not
for a fraction of a share) which may be purchased hereunder. The Company agrees that the shares of
Series C Preferred Stock purchased under this Warrant shall be and are deemed to be issued to the
Holder hereof as the record owner of such shares as of the close of business on the date on which
this Warrant shall have been surrendered, properly endorsed, the completed, executed Form of
Subscription delivered and payment made for such shares. Certificates for the shares of the Series
C Preferred Stock so purchased, together with any other securities or property to which the Holder
hereof is entitled upon such exercise, shall be delivered to the Holder hereof by the Company at
the Company’s expense within a reasonable time after the rights represented by this Warrant have
been so exercised. Each certificate so delivered shall be in such denominations of the Warrant
Shares as may be requested by the Holder hereof and shall be registered in the name of such Holder.
In case of a purchase of less than all the Warrant Shares, the Company shall execute and deliver
to Holder within a reasonable time an Acknowledgement in the form attached hereto indicating the
number of Warrant Shares which remain subject to this Warrant, if any.

          2. Payment for Shares. The aggregate purchase price for Warrant Shares being
purchased hereunder may be paid either (i) by cash or wire transfer of immediately available funds,
(ii) by surrender of a number of Warrant Shares which have a fair market value equal to the
aggregate purchase price of the Warrant Shares being purchased (“Net Issuance”) as determined
herein, or (iii) any combination of the foregoing. If the Holder elects the Net Issuance method of
payment, the Company shall issue to Holder upon exercise a number of shares of Warrant Shares
determined in accordance with the following formula:

	 	 	 	 	 	 	 
	 

	 	X=
	 	Y(A-B)
 

A
	 	 

	 	 	 	 	 
	 

	 	where: X =
	 	the number of Warrant Shares to be issued to the Holder;
	 
	 	 	 	 
	 

	 	Y =
	 	the number of Warrant Shares with respect to which the Holder is
exercising its purchase rights under this Warrant;
	 
	 	 	 	 
	 

	 	A =
	 	the fair market value of one (1) share of the Warrant Shares on the
date of exercise; and
	 
	 	 	 	 
	 

	 	B =
	 	the Stock Purchase Price.

          No fractional shares arising out of the above formula for determining the number of shares to
be issued to the Holder shall be issued, and the Company shall in lieu thereof make payment to the
Holder of cash in the amount of such fraction multiplied by the fair market value
of one (1) share of the Warrant Shares on the date of exercise. For purposes of the above

2

 

calculation, the fair market value of one (1) share of the Warrant Shares shall mean (a) if the
date of exercise is after the commencement of trading of the Common Stock on a securities exchange
or over-the-counter but prior to the closing of the initial public offering of the Company’s Common
Stock pursuant to a registration statement under the Securities Act of 1933, as amended (the
“IPO”), the price per share to the public set forth on the final prospectus relating to the IPO,
multiplied by the number of shares of Common Stock into which each share of the Warrant Shares is
then convertible, (b) if the Common Stock is then traded on a securities exchange, the average of
the closing prices of such Common Stock on such exchange over the thirty (30) calendar day period
(or portion thereof) ending three (3) days prior to the date of exercise, multiplied by the number
of shares of Common Stock into which each share of the Warrant Shares is then convertible, (c) if
the Common Stock is then regularly traded over-the-counter, the average of the closing sale prices
or secondarily the closing bid of such Common Stock over the thirty (30) calendar day period (or
portion thereof) ending three (3) days prior to the date of exercise, multiplied by the number of
shares of Common Stock into which each share of the Warrant Shares is then convertible, or (d) if
there is no active public market for the Common Stock, the fair market value of one share of the
Warrant Shares as determined in good faith by the Board of Directors of the Company.

          3. Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees
that all shares of Series C Preferred Stock which may be issued upon the exercise of the rights
represented by this Warrant (together with all shares of Common Stock issuable upon conversion of
such Series C Preferred Stock) will, upon issuance, be duly authorized, validly issued, fully paid
and nonassessable and free from all preemptive rights of any stockholder and free of all taxes,
liens and charges with respect to the issue thereof. The Company further covenants and agrees that
during the period within which the rights represented by this Warrant may be exercised, the Company
will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise
of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized
but unissued shares of Series C Preferred Stock (together with the number of shares of Common Stock
issuable upon conversion of such Series C Preferred Stock), or other securities and property, when
and as required to provide for the exercise of the rights represented by this Warrant.

          4. Adjustment of Stock Purchase Price and Number of Shares. The Stock Purchase Price
and the number of shares purchasable upon the exercise of this Warrant shall be subject to
adjustment from time to time upon the occurrence of certain events described in this Section 4.
Upon each adjustment of the Stock Purchase Price, the Holder of this Warrant shall thereafter be
entitled to purchase, at the Stock Purchase Price resulting from such adjustment, the number of
shares obtained by multiplying the Stock Purchase Price in effect immediately prior to such
adjustment by the number of shares purchasable pursuant hereto immediately prior to such
adjustment, and dividing the product thereof by the Stock Purchase Price resulting from such
adjustment.

               4.1 Conversion of Preferred Stock. If all of the outstanding Preferred Stock of the
Company is converted into shares of Common Stock, then this Warrant shall automatically become
exercisable for that number of shares of Common Stock equal to the
number of shares of Common Stock that would have been received if this Warrant had been

3

 

exercised
in full and the shares of Preferred Stock received thereupon had been simultaneously converted into
shares of Common Stock immediately prior to such event, and the Stock Purchase Price shall be
automatically adjusted to equal the number obtained by dividing (i) the aggregate Stock Purchase
Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to
such conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable
immediately after such conversion

               4.2 Subdivisions, Combinations and Dividends. In case the Company shall at any time
subdivide its outstanding shares of Series C Preferred Stock into a greater number of shares or pay
a dividend in Series C Preferred Stock in respect of outstanding shares of Series C Preferred
Stock, the Stock Purchase Price in effect immediately prior to such subdivision or at the record
date of such dividend shall be proportionately reduced, and conversely, in case the outstanding
shares of the Series C Preferred Stock of the Company shall be combined into a smaller number of
shares, the Stock Purchase Price in effect immediately prior to such combination shall be
proportionately increased.

               4.3 Reclassification. If any reclassification of the capital stock of the Company
shall be effected in such a way that holders of Series C Preferred Stock shall be entitled to
receive stock, securities, or other assets or property, then, as a condition of such
reclassification, lawful and adequate provisions shall be made whereby the Holder hereof shall
thereafter have the right to purchase and receive (in lieu of the shares of the Series C Preferred
Stock immediately theretofore purchasable and receivable upon the exercise of the rights
represented hereby) such shares of stock, securities or other assets or property as may be issued
or payable with respect to or in exchange for a number of outstanding shares of such Series C
Preferred Stock equal to the number of shares of such Series C Preferred Stock immediately
theretofore purchasable and receivable upon the exercise of the rights represented hereby. In any
reclassification described above, appropriate provision shall be made with respect to the rights
and interests of the Holder of this Warrant to the end that the provisions hereof (including,
without limitation, provisions for adjustments of the Stock Purchase Price and of the number of
shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be
applicable, as nearly as may be, in relation to any shares of stock, securities or assets
thereafter deliverable upon the exercise hereof.

               4.4 Notice of Adjustment. Upon any adjustment of the Stock Purchase Price or any
increase or decrease in the number of shares purchasable upon the exercise of this Warrant, the
Company shall give written notice thereof, by first class mail postage prepaid, addressed to the
registered Holder of this Warrant at the address of such Holder as shown on the books of the
Company. The notice shall be signed by the Company’s chief financial officer and shall state the
Stock Purchase Price resulting from such adjustment and the increase or decrease, if any, in the
number of shares purchasable at such price upon the exercise of this Warrant, setting forth in
reasonable detail the method of calculation and the facts upon which such calculation is based.

4

 

               4.5 Other Notices. If at any time:

                    (1) the Company shall declare any cash dividend upon its Series C Preferred Stock (or Common
Stock issuable upon conversion thereof);

                    (2) there shall be any capital reorganization or reclassification of the capital stock of the
Company; or consolidation or merger of the Company with, or sale of all or substantially all of its
assets to, another corporation or other business entity;

                    (3) there shall be a voluntary or involuntary dissolution, liquidation or winding-up of the
Company; or

                    (4) there shall be an IPO;

then, in any one or more of said cases, the Company shall give, by first class mail, postage
prepaid, addressed to the Holder of this Warrant at the address of such Holder as shown on the
books of the Company, (a) at least twenty (20) days prior written notice of the date on which the
books of the Company shall close or a record shall be taken for such dividend or for determining
rights to vote in respect of any such reorganization, reclassification, consolidation, merger,
sale, dissolution, liquidation or winding-up, and (b) in the case of any such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation, winding-up or public
offering, at least twenty (20) days prior written notice of the date when the same shall take
place; provided, however, that the Holder shall make a best efforts attempt to respond to such
notice as early as possible after the receipt thereof. Any notice given in accordance with the
foregoing clause (a) shall also specify, in the case of any such dividend, the date on which the
holders of Series C Preferred Stock (or Common Stock issuable upon conversion thereof) shall be
entitled thereto. Any notice given in accordance with the foregoing clause (b) shall also specify
the date on which the holders of Series C Preferred Stock (or Common Stock issuable upon conversion
thereof) shall be entitled to exchange their Series C Preferred Stock (or Common Stock issuable
upon conversion thereof) for securities or other property deliverable upon such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation, winding-up, conversion or
public offering, as the case may be.

          5. No Voting or Dividend Rights. Nothing contained in this Warrant shall be construed
as conferring upon the Holder hereof the right to vote or to consent to receive notice as a
stockholder of the Company or any other matters or any rights whatsoever as a stockholder of the
Company. No dividends or interest shall be payable or accrued in respect of this Warrant or the
interest represented hereby or the shares purchasable hereunder until, and only to the extent that,
this Warrant shall have been exercised.

          6. Warrants Transferable. Subject to compliance with applicable federal and state
securities laws and the transfer restrictions set forth in the “Agreement” with respect to the
Series C Preferred Stock which shall apply equally to this Warrant and the underlying Warrant
Shares, in connection with which this Warrant was issued, this Warrant and all rights hereunder may
be transferred, in whole or in part, without charge to the holder hereof (except for transfer
taxes), upon the prior written consent of the Company and, thereafter, upon surrender of this
Warrant properly endorsed and in compliance with the provisions of the Agreement. Each taker

5

 

and
holder of this Warrant, by taking or holding the same, consents and agrees that this Warrant, when
endorsed in blank, shall be deemed negotiable, and that the holder hereof, when this Warrant shall
have been so endorsed, may be treated by the Company, at the Company’s option, and all other
persons dealing with this Warrant as the absolute owner hereof for any purpose and as the person
entitled to exercise the rights represented by this Warrant, or to the transfer hereof on the books
of the Company and notice to the contrary notwithstanding; but until such transfer on such books,
the Company may treat the registered owner hereof as the owner for all purposes.

          7. Lost Warrants. Upon receipt of evidence reasonably satisfactory to the Company of
the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such loss,
theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in
the case of any such mutilation upon surrender and cancellation of such Warrant, the Company, at
its expense, will make and deliver a new Warrant, of like tenor, in lieu of the lost, stolen,
destroyed or mutilated Warrant.

          8. Modification and Waiver. Any term of this Warrant may be amended and the
observance of any term of this Warrant (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company and the Holder. Any
amendment or waiver effected in accordance with this paragraph shall be binding upon the Company
and the Holder.

          9. Notices. Except as may be otherwise provided herein, all notices, requests,
waivers and other communications made pursuant to this Warrant shall be in writing and shall be
conclusively deemed to have been duly given (a) when hand delivered to the other party; (b) the
next business day when sent by facsimile to the number set forth below with confirmation of receipt
verifying successful transmission of the facsimile; (c) three business days after deposit in the
U.S. mail with first class or certified mail receipt requested, postage prepaid and addressed to
the other party at the address set forth below; or (d) the next business day after deposit with a
national overnight delivery service, postage prepaid, addressed to the parties as set forth below
with next business day delivery guaranteed, provided that the sending party receives a confirmation
of delivery from the delivery service provider. A party may change or supplement the addresses
given above, or designate additional addresses, for purposes of this Section 9 by giving the other
party written notice of the new address in the manner set forth above.

          10. Titles and Subtitles; Governing Law; Venue. The titles and subtitles used in
this Warrant are used for convenience only and are not to be considered in construing or
interpreting this Warrant. This Warrant is to be construed in accordance with and governed by the
internal laws of the State of California without giving effect to any choice of law rule that would
cause the application of the laws of any jurisdiction other than the internal laws of the State of
California to the rights and duties of the Company and the Holder. All disputes and controversies
arising out of or in connection with this Warrant shall be resolved exclusively by the state and
federal courts located in Santa Clara County in the State of California and each of the Company and
the Holder hereto agrees to submit to the jurisdiction of said courts and agrees that venue shall
lie exclusively with such courts.

6

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its officers,
thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	SONICS, INC.

 	 
	 	By:  	/s/ Grant A. Pierce
 	 
	 	 	Grant A. Pierce, President 	 
	 	 	 	 
	 

7

 

FORM OF SUBSCRIPTION

(To be signed only upon exercise of Warrant)

	 	 	 
	To:

	 	Sonics, Inc.
	 

	 	2440 West El Camino Real, Suite 620
	 

	 	Mountain View, Ca 94040

     The undersigned, the holder of a right to purchase shares of Series C Preferred Stock of
Sonics, Inc. (the “Company”) pursuant to that certain Warrant to Purchase Series C Preferred Stock
of Sonics, Inc. (the “Warrant”), dated as of March 14, 2004, hereby irrevocably elects to exercise
the purchase right represented by such Warrant for, and to purchase thereunder,
                                                             (                    )
shares of Series C Preferred Stock of the Company and
herewith makes payment of                                                              Dollars ($            
        ) therefor by the
following method:

(Check one of the following):

	 	 	 
	                    (check if applicable)

	 	The undersigned hereby elects to make payment of

                                         Dollars ($                    ) therefor in cash.
	 
	 	 
	                    (check if applicable)

	 	The undersigned hereby elects to make payment for the
aggregate exercise price of this exercise using the Net
Issuance method pursuant to Section 2 of the Warrant.

     The undersigned represents that the aforesaid shares are being acquired for the account of the
undersigned for investment and not with a view to, or for resale in connection with, the
distribution thereof and that the undersigned has no present intention of distributing or reselling
such shares. In support thereof, the undersigned has executed an Investment Representation
Statement attached hereto as Schedule 1.

	 	 	 	 	 	 	 	 	 	 	 
	DATED:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[name of Holder]	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	Its:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 

	 	 

8

 

ACKNOWLEDGMENT

To: [name of Holder]

     The undersigned hereby acknowledges that as of the date hereof,                                         
(                    ) shares of Series C Preferred Stock remain subject to the right of purchase in favor
of [name of Holder] pursuant to that certain Warrant to Purchase Series C Preferred Stock of
Sonics, Inc., dated as of March 14, 2004.

	 	 	 	 	 	 	 	 	 	 	 
	DATED:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SONICS, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 

9

 

Schedule 1

INVESTMENT REPRESENTATION STATEMENT

	 	 	 
	Purchaser:

	 	Needham & Company
	Company:

	 	Sonics, Inc.
	Security:

	 	Warrant to Purchase Series C Preferred Stock
	Amount:

	 	200,000 shares of Series C Preferred Stock
	Date:

	 	March 14, 2004

In connection with the purchase of the above-listed securities (collectively, the
“Securities”), the undersigned (the “Purchaser”) represents to the Company as
follows:

          (a) The Purchaser is aware of the Company’s business affairs and financial condition, and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision
to acquire the Securities. The Purchaser is purchasing the Securities for its own account for
investment purposes only and not with a view to, or for the resale in connection with, any
“distribution” thereof for purposes of the Securities Act of 1933, as amended (the “Act”).

          (b) The Purchaser understands that the Securities have not been registered under the Act in
reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of the Purchaser’s investment intent as expressed herein. In this connection, the
Purchaser understands that, in the view of the Securities and Exchange Commission (“SEC”),
the statutory basis for such exemption may be unavailable if the Purchaser’s representation was
predicated solely upon a present intention to hold these Securities for the minimum capital gains
period specified under tax statutes, for a deferred sale, for or until an increase or decrease in
the market price of the Securities, or for a period of one year or any other fixed period in the
future.

          (c) The Purchaser further understands that the Securities must be held indefinitely unless
subsequently registered under the Act or unless an exemption from registration is otherwise
available. Moreover, the Purchaser understands that the Company is under no obligation to register
the Securities. In addition, the Purchaser understands that the certificate evidencing the
Securities will be imprinted with the legend referred to in the Warrant under which the Securities
are being purchased.

          (d) The Purchaser is aware of the provisions of Rule 144, promulgated under the Act, which, in
substance, permit limited public resale of “restricted securities” acquired, directly or
indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering
subject to the satisfaction of certain conditions, if applicable, including, among other things:
The availability of certain public information about the Company, the resale occurring not less
than one year after the party has purchased and paid for the securities to be sold; the sale being
made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a
market maker (as said term is defined under the Securities Exchange Act of 1934, as

10

 

amended) and the amount of securities being sold during any three-month period not exceeding
the specified limitations stated therein.

          (e) The Purchaser further understands that at the time it wishes to sell the Securities there
may be no public market upon which to make such a sale, and that, even if such a public market then
exists, the Company may not be satisfying the current public information requirements of Rule 144,
and that, in such event, the Purchaser may be precluded from selling the Securities under Rule 144
even if the one-year minimum holding period had been satisfied.

          (f) The Purchaser further understands that in the event all of the requirements of Rule 144
are not satisfied, registration under the Act, compliance with Regulation A, or some other
registration exemption will be required; and that, notwithstanding the fact that Rule 144 is not
exclusive, the Staff of the SEC has expressed its opinion that persons proposing to sell private
placement securities other than in a registered offering and otherwise than pursuant to Rule 144
will have a substantial burden of proof in establishing that an exemption from registration is
available for such offers or sales, and that such persons and their respective brokers who
participate in such transactions do so at their own risk.

	 	 	 	 	 
	Purchaser:

	 	/s/ Glen W. Albanese
 

Glen W. Albanese,
	 	 
	 

	 	Managing Director and	 	 
	 

	 	Chief Financial Officer	 	 
	 
	 	 	 	 
	Date:

	 	6/15/04	 	 

11exv4w4

 

Exhibit 4.4

WARRANT TO PURCHASE SERIES C PREFERRED STOCK

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE AND, EXCEPT AND PURSUANT
TO THE PROVISIONS OF ARTICLE 5 BELOW, MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR
HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAW OR, IN
THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THESE SECURITIES,
SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION.

WARRANT TO PURCHASE SERIES C PREFERRED STOCK

Issue Date: February 27, 2004

Expiration Date: February 27, 2014

     THIS WARRANT CERTIFIES THAT, for the agreed upon value of $1.00 and for other good and
valuable consideration, SILICON VALLEY BANK (“Holder”) is entitled to purchase the Warrant
Number of fully paid and nonassessable shares of the Warrant Stock of SONICS, INC., a Delaware
corporation (the “Company”), at the Warrant Price, as adjusted pursuant to Article 2 of
this Warrant, subject to the provisions and upon the terms and conditions set forth in this
Warrant. “Warrant Stock” means the Company’s Series C Preferred Stock. “Warrant
Price” means One Dollar ($1.00). “Warrant Number” means Sixty Thousand (60,000).

ARTICLE 1: EXERCISE.

     1.1 Method of Exercise. Holder may exercise this Warrant, in whole or in part, at any
time until the Expiration Date by delivering a duly executed Notice of Exercise in substantially
the form attached as Appendix 1, together with this Warrant, to the principal office of the
Company. Unless Holder is exercising the conversion right set forth in Section 1.2, Holder shall
also deliver to the Company a check, wire transfer (to an account designated by the Company), or
other from of payment acceptable to the Company for the aggregate Warrant Price for the Warrant
Stock being purchased.

     1.2 Conversion Right. In lieu of exercising this Warrant as specified in Section 1.1,
Holder may from time to time convert this Warrant, in whole or in part, into a number of shares of
Warrant Stock determined by dividing (a) the aggregate fair market value of the Warrant Stock or
other securities otherwise issuable upon exercise of this Warrant minus the aggregate Warrant Price
of such shares of Warrant Stock by (b) the fair market value of one share of Warrant Stock. The
fair market value of the Warrant Stock shall be determined pursuant to Section 1.3.

     1.3 Fair Market Value. If the Company’s common stock is traded in a public market and
the Warrant Stock is common stock, the fair market value of each share of Warrant Stock shall be
the closing price of a share of Warrant Stock reported for the business day immediately before
Holder delivers its Notice of Exercise to the Company (or in the instance where this Warrant is
exercised immediately prior to the effectiveness of the Company’s initial public offering, the
“price to public” per share price specified in the final prospectus relating to such offering). If
the Company’s common stock is traded in a public market and the Warrant Stock is preferred stock,
the fair market value of a share of Warrant Stock shall be the closing price of a share of the
Company’s common stock reported for the business day immediately before Holder delivers its Notice
of Exercise to the Company (or, in the instance where this Warrant is exercised immediately prior
to the effectiveness of the Company’s initial public offering, the initial “price to public” per
share price specified in the final prospectus relating to such offering), in both cases, multiplied
by the number of shares of the Company’s common stock into which a share of Warrant Stock is
convertible. If the Company’s common stock is not traded in a public market, the Board of
Directors of the Company shall determine fair market value in its reasonable good faith judgment.

     1.4 Delivery of Certificate and New Warrant. Promptly after Holder exercises or
converts this Warrant and, if applicable, the Company receives payment of the aggregate Warrant
Price, the Company shall

1

 

deliver to Holder a certificate or certificates for the Warrant Stock acquired and, if this
Warrant has not been fully exercised or converted and has not expired, a new Warrant representing
the Warrant Stock not so acquired.

     1.5 Replacement of Warrants. On receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss,
theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and
amount to the Company or, in the case of mutilation, or surrender and cancellation of this Warrant,
the Company shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor.

     1.6 Treatment of Warrant Upon Acquisition of Company.

          1.6.1 “Acquisition.” For the purpose of this Warrant, “Acquisition” means any
sale, license, or other disposition of all or substantially all of the assets of the Company, or
any reorganization, consolidation, or merger of the Company where the holders of the Company’s
voting securities before the transaction beneficially own less than 50% of the outstanding voting
securities of the surviving entity after the transaction.

          1.6.2 Treatment of Warrant at Acquisition.

               (a) Upon the written request of the Company, Holder agrees that, in the event of an
Acquisition in which the sole consideration is cash, either (a) Holder shall exercise its
conversion or purchase right under this Warrant and such exercise will be deemed effective
immediately prior to the consummation of such Acquisition or (b) if Holder elects not to exercise
this Warrant, this Warrant will expire upon the consummation of such Acquisition. The Company
shall provide the Holder with written notice of its request relating to the foregoing (together
with such reasonable information as the Holder may request in connection with such contemplated
Acquisition giving rise to such notice), which is to be delivered to Holder not less than ten (10)
days prior to the closing of the proposed Acquisition.

               (b) Upon the written request of the Company, Holder agrees that, in the event of an
Acquisition that is an “arm’s length” sale of all or substantially all of the Company’s assets (and
only its assets) to a third party that is not an Affiliate (as defined below) of the Company (a
“True Asset Sale”), either (a) Holder shall exercise its conversion or purchase right under
this Warrant and such exercise will be deemed effective immediately prior to the consummation of
such Acquisition or (b) if Holder elects not to exercise this Warrant, this Warrant will continue
until the Expiration Date if the Company continues as a going concern following the closing of such
True Asset Sale. The Company shall provide the Holder with written notice of its request relating
to the foregoing (together with such reasonable information as the Holder may request in connection
with such contemplated Acquisition giving rise to such notice), which is to be delivered to Holder
not less than ten (10) days prior to the closing of the proposed Acquisition.

               (c) Upon the closing of any Acquisition, other than those particularly described in
subsections (a) and (b) above, the successor entity shall assume the obligations of this Warrant,
and this Warrant shall be exercisable for the same securities, cash, and property as would be
payable for the Warrant Stock issuable upon exercise of the unexercised portion of this Warrant as
if such shares of Warrant Stock were outstanding on the record date for the Acquisition and
subsequent closing. The Warrant Price and the Warrant Number shall be adjusted accordingly.

As used herein “Affiliate” shall mean any person or entity that owns or controls directly
or indirectly ten percent (10%) or more of the stock of Company, any person or entity that controls
or is controlled by or is under common control with such person or entity, and each of such
person’s or entity’s officers, directors, joint venturers or partners, as applicable.

ARTICLE 2: ADJUSTMENTS TO THE SHARES OF WARRANT STOCK AND THE WARRANT PRICE.

     2.1 Stock Dividends, Splits, Etc. If the Company declares or pays a dividend on the
Warrant Stock payable in common stock, or other securities, then upon exercise of this Warrant, for
each share of Warrant Stock acquired, Holder shall receive, without cost to Holder, the total
number and kind of securities to which Holder

2

 

would have been entitled had Holder owned the Warrant Stock of record as of the date the
dividend occurred. If the Company subdivides the Warrant Stock by reclassification or otherwise
into a greater number of shares or takes any other action which increase the amount of stock into
which the Warrant Stock is convertible, the Warrant Number shall be proportionately increased and
the Warrant Price shall be proportionately decreased. If the outstanding shares are combined or
consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price
shall be proportionately increased and the Warrant Number shall be proportionately decreased.

     2.2 Reclassification, Exchange, Combinations or Substitution. Upon any
reclassification, exchange, substitution, or other event that results in a change of the number
and/or class of the securities issuable upon exercise or conversion of this Warrant, Holder shall
be entitled to receive, upon exercise or conversion of this Warrant, the number and kind of
securities and property that Holder would have received for the Warrant Stock if this Warrant had
been exercised immediately before such reclassification, exchange, substitution, or other event.
Such an event shall include any automatic conversion of the outstanding or issuable securities of
the Company of the same class or series as the Warrant Stock to common stock pursuant to the terms
of the Company’s Certificate of Incorporation. The Company or its successor shall promptly issue
to Holder an amendment to this Warrant setting forth the number and kind of such new securities or
other property issuable upon exercise or conversion of this Warrant as a result of such
reclassification, exchange, substitution or other event that results in a change of the number
and/or class of securities issuable upon exercise or conversion of this Warrant. The amendment to
this Warrant shall provide for adjustments which shall be as nearly equivalent as may be
practicable to the adjustments provided for in this Article 2 including, without limitation,
adjustments to the Warrant Price and to the number of securities or property issuable upon exercise
of the new Warrant. The provisions of this Section 2.2 shall similarly apply to successive
reclassifications, exchanges, substitutions, or other events.

     2.3 Adjustments for Diluting Issuances. If the Warrant Stock is Preferred Stock, the
number of shares of common stock issuable upon conversion of the Warrant Stock, shall be subject to
adjustment, from time to time in the manner set forth in the Company’s Certificate of Incorporation
as if the Warrant Stock were issued and outstanding on and as of the date of any such required
adjustment. The provisions set forth for the Warrant Stock in the Company’s Certificate of
Incorporation relating to the above in effect as of the Issue Date may not be amended, modified or
waived, without the prior written consent of Holder unless such amendment, modification or waiver
affects the rights associated with the Warrant Stock in the same manner as such amendment,
modification or waiver affects the rights associated with all other shares of the same series as
the Warrant Stock granted to the Holder.

     2.4 No Impairment. The Company shall not, by amendment of its Certificate of
Incorporation or through a 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 to be observed or performed under this Warrant by the Company,
but shall at all times in good faith assist in carrying out of all the provisions of this Article 2
and in taking all such action as may be necessary or appropriate to protect Holder’s rights under
this Article 2 against impairment.

     2.5 Fractional Shares. No fractional shares of Warrant Stock shall be issuable upon
exercise or conversion of the Warrant and the number of shares of Warrant Stock to be issued shall
be rounded down to the nearest whole share. If a fractional share interest arises upon any
exercise or conversion of this Warrant, the Company shall eliminate such fractional share interest
by paying Holder the amount computed by multiplying the fractional interest by the fair market
value of a full Share of Warrant Stock.

     2.6 Certificate as to Adjustments. Upon each adjustment of the Warrant Price, the
Company shall promptly notify Holder in writing, and, at the Company’s expense, promptly compute
such adjustment, and furnish Holder with a certificate of its Chief Financial Officer, setting
forth such adjustment and the facts upon which such adjustment is based. The Company shall, upon
written request, furnish Holder a certificate setting forth the Warrant Price in effect upon the
date thereof and the series of adjustments leading to such Warrant Price.

3

 

ARTICLE 3: REPRESENTATIONS AND COVENANTS OF THE COMPANY.

     3.1 Representations and Warranties. The Company represents and warrants to the Holder
as follows:

          (a) The Warrant Price of Warrant Stock that is the Company’s Series C Preferred Stock is not
greater than (i) the price per share at which such Warrant Stock was last issued in an arms-length
transaction in which at least $500,000 of such Warrant Stock was sold or (ii) in the reasonable
good faith judgment of the Company’s Board of Directors, the fair market value of such Warrant
Stock as of the Issue Date.

          (b) All shares of Warrant Stock which may be issued upon the exercise of the purchase right
represented by this Warrant, and all securities, if any, issuable upon conversion of the Warrant
Stock, shall, upon issuance, be duly authorized, validly issued, fully paid and nonassessable, and
free of any liens and encumbrances except for restrictions on transfer provided for herein or under
applicable federal and state securities laws.

          (c) The Capitalization Table previously provided to Holder remains true and complete as of the
Issue Date.

     3.2 Notice of Certain Events. If the Company proposes at any time (a) to declare any
dividend or distribution upon any of its stock, whether in cash, property, stock, or other
securities and whether or not a regular cash dividend; (b) to offer for sale additional shares of
any class or series of the Company’s stock (excluding for this purpose stock, options and warrants
offered to the Company’s employees, directors and consultants under stock option plans or otherwise
for compensatory purposes); (c) to effect any reclassification or recapitalization of any of its
stock; (d) to merge or consolidate with or into any other corporation, or sell, lease, license, or
convey all or substantially all of its assets, or to liquidate, dissolve or wind up, or (e) offer
holders of registration rights the opportunity to participate in an underwritten public offering of
the Company’s securities for cash, then, in connection with each such event, the Company shall give
Holder: (1) at least 10 days prior written notice of the date on which a record will be taken for
such dividend, distribution, or subscription rights (and specifying the date on which the holders
of common stock will be entitled thereto) or for determining rights to vote, if any, in respect of
the matters referred to in (c) and (d) above; (2) in the case of the matters referred to in (c) and
(d) above at least 10 days prior written notice of the date when the same will take place (and
specifying the date on which the holders of common stock will be entitled to exchange their common
stock for securities or other property deliverable upon the occurrence of such event), and (3) in
the case of the matter referred to in (e) above, the same notice as is given to the holders of such
registration rights.

     3.3 Registration Rights. The Company agrees that the Warrant Stock or, if the Warrant
Stock is convertible into common stock of the Company, such common stock, shall have certain
incidental, or “Piggyback,” registration rights pursuant to and as set forth in the Company’s
Investors’ Rights Agreement or similar agreement. The provisions set forth in the Company’s
Investors’ Right Agreement or similar agreement relating to the above in effect as of the Issue
Date may not be amended, modified or waived without the prior written consent of Holder unless such
amendment, modification or waiver affects the rights associated with the Warrant Stock in the same
manner as such amendment, modification, or waiver affects the rights associated with all other
shares of the same series as the Warrant Stock granted to the Holder.

     3.4 No Stockholder Rights. Except as provided in this Warrant, the Holder will not
have any rights as a stockholder of the Company until the exercise of this Warrant.

ARTICLE 4: REPRESENTATIONS, WARRANTIES OF THE HOLDER. 

The Holder represents and warrants to the Company as follows:

     4.1 Purchase for Own Account. This Warrant and the securities to be acquired upon
exercise of this Warrant by the Holder will be acquired for investment for the Holder’s account,
not as a nominee or agent, and not with a view to the public resale or distribution within the
meaning of the Securities Act of 1933, as amended (the “Act”). Holder also represents that
the Holder has not been formed for the specific purpose of acquiring this Warrant or the Warrant
Stock.

4

 

     4.2 Disclosure of Information. The Holder has received or has had full access to all
the information it considers necessary or appropriate to make an informed investment decision with
respect to the acquisition of this Warrant and its underlying securities. The Holder further has
had an opportunity to ask questions and receive answers from the Company regarding the terms and
conditions of the offering of this Warrant and its underlying securities and to obtain additional
information (to the extent the Company possessed such information or could acquire it without
unreasonable effort or expense) necessary to verify any information furnished to the Holder or to
which the Holder has access.

     4.3 Investment Experience. The Holder understands that the purchase of this Warrant
and its underlying securities involves substantial risk. The Holder has experience as an investor
in securities of companies in the development stage and acknowledges that the Holder can bear the
economic risk of such Holder’s investment in this Warrant and its underlying securities and has
such knowledge and experience in financial or business matters that the Holder is capable of
evaluating the merits and risks of its investment in this Warrant and its underlying securities
and/or has a preexisting personal or business relationship with the Company and certain of its
officers, directors or controlling persons of a nature and duration that enables the Holder to be
aware of the character, business acumen and financial circumstances of such persons.

     4.4 Accredited Investor Status. The Holder is an “accredited investor” within the
meaning of Regulation D promulgated under the Act.

     4.5 The Act. The Holder understands that this Warrant and the Warrant Stock issuable
upon exercise or conversion hereof have not been registered under the Act in reliance upon a
specific exemption therefrom, which exemption depends upon, among other things, the bona fide
nature of the Holder’s investment intent as expressed herein. The Holder understands that this
Warrant and the Warrant Stock issued upon any exercise or conversion hereof must be held
indefinitely unless subsequently registered under the Act and qualified under applicable state
securities laws, or unless exemption from such registration and qualification are otherwise
available.

ARTICLE 5: MISCELLANEOUS.

     5.1 Term. This Warrant is exercisable in whole or in part at any time and from time
to time on or before the Expiration Date. 

     5.2 Legends. This Warrant and the Warrant Stock (and the securities issuable,
directly or indirectly, upon conversion of the Warrant Stock, if any) shall be imprinted with a
legend in substantially the following form:

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN
REGISTERED UNDER THE ACT, OR THE SECURITIES LAWS OF ANY STATE AND,
EXCEPT IN CERTAIN CASES, MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED
UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAW OR, IN THE
OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE
ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR
HYPOTHECATION IS EXEMPT FROM REGISTRATION.

     5.3 Compliance with Securities Laws on Transfer. This Warrant and the Warrant Stock
issuable upon exercise of this Warrant (and the securities issuable, directly or indirectly, upon
conversion of the Warrant Stock, if any) may not be transferred or assigned in whole or in part
without compliance with applicable federal and state securities laws by the transferor and the
transferee (including, without limitation, the delivery of investment representation letters and
legal opinions reasonably satisfactory to the Company, as reasonably requested by the Company).
The Company shall not require Holder to provide an opinion of counsel if the transfer is to Silicon
Valley Bancshares (Holder’s parent company) or any other affiliate of the initial Holder.
Additionally, the Company shall also not require an opinion of counsel if there is no material
question as to the availability of current information as referenced in Rule 144(c), Holder
represents that it has complied with Rule 144(d) and (e) in

5

 

reasonable detail, the selling broker represents that it has complied with Rule 144(f), and
the Company is provided with a copy of Holder’s notice of proposed sale.

     5.4 Transfer Procedure. Upon receipt by Holder of the executed Warrant, Holder will
transfer all of this Warrant to Silicon Valley Bancshares, Holder’s parent company, by execution of
an Assignment substantially in the form of Appendix 2. Subject to the provisions of Section 5.3
and upon providing Company with written notice, Silicon Valley Bancshares and any subsequent Holder
may transfer all or part of this Warrant or the Warrant Stock issuable upon exercise of this
Warrant (or the shares issuable directly or indirectly, upon conversion of the Warrant Stock, if
any) to any transferee; provided, however, in connection with any such transfer,
Silicon Valley Bancshares or any subsequent Holder will give the Company notice of the portion of
this Warrant being transferred with the name, address and taxpayer identification number of the
transferee and Holder will surrender this Warrant to the Company for reissuance to the
transferee(s) (and Holder if applicable). The Company may refuse to transfer this Warrant or the
Warrant Stock to any person who directly competes with the Company, unless, in either case, the
stock of the Company is publicly traded.

     5.5 Notices. All notices and other communications from the Company to the Holder, or
vice versa, shall be deemed delivered and effective when given personally or mailed by first-class
registered or certified mail, postage prepaid, at such address as may have been furnished to the
Company or the Holder, as the case may (or on the first business day after transmission by
facsimile) be, in writing by the Company or such holder from time to time. Effective upon receipt
of the fully executed Warrant and the initial transfer described in Section 5.4 above, all notices
to the Holder shall be addressed as follows until the Company receives notice of a change of
address in connection with a transfer or otherwise:

Silicon Valley Bancshares

Attn: Treasury Department

3003 Tasman Drive, HA 200

Santa Clara, CA 95054

Telephone: 408-654-7400

Facsimile: 408-496-2405

     Notice to the Company shall be addressed as follows until the Holder receives notice of a
change in address:

Sonics, Inc.

Attn: Chief Financial Officer

2440 W. El Camino Real, Suite 600

Mountain View, CA 94040

Telephone: 650-938-2500

Facsimile: 650-938-2577

     5.6 Waiver. This Warrant and any term hereof may be changed, waived, discharged or
terminated only by an instrument in writing signed by the party against which enforcement of such
change, waiver, discharge or termination is sought.

     5.7 Attorneys’ Fees. In the event of any dispute between the parties concerning the
terms and provisions of this Warrant, the party prevailing in such dispute shall be entitled to
collect from the other party all costs incurred in such dispute, including reasonable attorneys’
fees.

     5.8 Automatic Conversion upon Expiration. In the event that, upon the Expiration
Date, the fair market value of one share of Warrant Stock (or other security issuable upon the
exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant
Price in effect on such date, then this Warrant shall automatically be deemed on and as of such
date to be converted pursuant to Section 1.2 above as to all shares of Warrant Stock (or such other
securities) for which it shall not previously have been exercised or converted, and the Company
shall promptly deliver a certificate representing the Warrant Stock (or such other securities)
issued upon such conversion to the Holder.

6

 

     5.9 Counterparts. This Warrant may be executed in counterparts, all of which together
shall constitute one and the same agreement.

     5.10 Governing Law. This Warrant shall be governed by and construed in accordance
with the laws of the State of California, without giving effect to its principles regarding
conflicts of law.

     5.11 California Qualification Exemption Requirement. THE SALE OF THE SECURITIES THAT
ARE THE SUBJECT OF THIS WARRANT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE
STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF
THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES
IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE.
THE RIGHTS OF ALL PARTIES TO THIS WARRANT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING
OBTAINED, UNLESS THE SALE IS SO EXEMPT.

	 	 	 	 	 	 	 	 	 	 	 
	“COMPANY”	 	 	 	‘HOLDER’	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SONICS, INC.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 

(Print)
	 	 
	 	 	 	 

(Print)
	 	 
	Title:

	 	Chairman of the Board,
President or Vice 	 	 	 	Title:	 	 	 	 
	 

	 	President
	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	(Print)	 	 	 	 	 	 	 	 
	Title:

	 	Chief Financial Officer,
Secretary, 
Assistant Treasurer or
Assistant Secretary	 	 	 	 	 	 	 	 

7

 

APPENDIX 1

NOTICE OF EXERCISE

     1. Holder elects to purchase                      shares of the Common/Series                      Preferred [strike
one] Stock of Sonics, Inc. pursuant to the terms of the attached Warrant, and tenders payment of
the purchase price of the Warrant Stock in full.

          [or]

     1. Holder elects to convert the attached Warrant into shares of Warrant Stock/cash [strike
one] of Sonics, Inc. in the manner specified in the Warrant. This conversion is exercised for
                                         of the Warrant Stock covered by the Warrant.

          [Strike paragraph that does not apply.]

     2. Please issue a certificate or certificates representing the Warrant Stock in the name
specified below:

	 	 	 	 	 
	 

	 	 

                Holder’s Name
	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

                (Address)
	 	 

     3. By its execution below and for the benefit of the Company, Holder hereby restates each of
the representations and warranties in Article 4 of the Warrant as the date hereof.

	 	 	 	 	 	 	 
	 	 	HOLDER:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 

	 	 

8

 

APPENDIX 2

ASSIGNMENT

     For value received, Silicon Valley Bank hereby sells, assigns and transfers unto

	 	 	 	 	 
	 

	 	Name:
	 	Silicon Valley Bancshares
	 

	 	Address:
	 	3003 Tasman Drive (HA-200)
	 

	 	 	 	Santa Clara, CA 95054
	 	 	Tax ID: 91-1962278

that certain Warrant to Purchase Stock issued by Sonics, Inc. (the
“Company”), on February 27, 2004 (the “Warrant”), together with all rights,
title and interest therein.

	 	 	 	 	 	 	 
	 	 	SILICON VALLEY BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Date: February 27, 2004

     By its execution below, and for the benefit of the Company, Silicon Valley Bancshares makes
each of the representations and warranties set forth in Article 4 of the Warrant as of the date
hereof.

	 	 	 	 	 	 	 
	 	 	SILICON VALLEY BANCSHARES	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

9

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"}]]