Document:

Exhibit 4.7

 

EXECUTION
COPY

 

AMENDMENT
NO. 3 TO THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT

 

This Amendment No. 3 to
Third Amended and Restated Shareholder Agreement (the “Amendment”) is made and
entered into as of June 11, 2010, by and between RealD Inc., a Delaware
corporation (the “Company”), and the undersigned shareholders of the Company
(the “Shareholders”). Capitalized terms used but not otherwise defined herein
shall have the respective meanings ascribed thereto in the Shareholders
Agreement (as defined below).

 

R
E C I T A L S

 

WHEREAS, Real D, a California corporation (“Real D CA”) and the Consenting
Shareholders and certain other shareholders of the Company have heretofore
entered into that certain Third Amended and Restated Shareholders Agreement,
dated as of December 24, 2007 (as amended, the “Shareholders Agreement”);

 

WHEREAS, Real D CA reincorporated into the Company on April 8, 2010, and
pursuant to Section 10.2 of the Shareholders Agreement, the terms and
conditions of the Shareholders Agreement inures to the benefit of and is
binding on the Company as Real D CA’s successor;

 

WHEREAS, Section 10.4 of the Shareholders Agreement provides that the
Shareholders Agreement may be amended by a writing executed by the
(i) Company, (ii) the holders of a majority of the Stock then held by
the Series A Holders, (iii) the holders of a majority of the Stock
then held by the Series B Holders, (iv) the holders of a majority of
the Stock then held by the Series C Holders, and (v) the Founders;

 

WHEREAS, the Company and the Shareholders constitute each of the (i) Company,
(ii) the holders of a majority of the Stock then held by the Series A
Holders, (iii) the holders of a majority of the Stock then held by the
Series B Holders, (iv) the holders of a majority of the Stock then
held by the Series C Holders and (v) the Founders; and

 

WHEREAS, the Company and the Shareholders desire to amend the Shareholders
Agreement as more fully set forth herein.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the
Shareholders agree as follows:

 

1.             Amendment and Restatement of
Section 9,1 Termination. The Company and the Shareholders agree to
amend and restate Section 9.1 of the Shareholders Agreement in its
entirety so that as amended and restated said Section 9.1 shall be and
read as follows:

 

1

 

“9.1        Termination. Except as otherwise expressly provided herein, this Agreement will
terminate in its entirety upon the earliest to occur of the following:
(a) a Qualified Initial Public Offering, as defined in the Company’s
certificate of incorporation, as may be amended from time to time; (b) the
date on which this Agreement is terminated by a writing executed by the
Company, the Founders, the holders of a majority of the Stock then held by the
Series A Holders, the holders of a majority of the Stock then held by the
Series B Holders, the holders of a majority of the Stock then held by the
Series C Holders; (c) the liquidation or dissolution of the Company,
or (d) any consolidation or merger of the Company by, with or into a third
party, in any case in which the Company’s shareholders of record immediately
prior to such transaction do not hold, immediately after such transaction, at
least a majority of the voting power of the surviving or acquiring entity.”

 

2.             Governing Law. This
Amendment will be governed by and in accordance with the laws of the State of
California, without giving effect to that body of laws pertaining to conflict
of laws.

 

3.             References to the Agreement.
Except as amended by this Amendment, all other terms, conditions and covenants
of the Shareholders Agreement are hereby confirmed by the parties hereto and
remain unchanged and in full force and effect. From and after the date hereof,
all references to the “Agreement” contained in the Shareholders Agreement,
shall be deemed to be references to the Shareholders Agreement as amended by
this Amendment.

 

4.             Further Assurances; Enforcement.
The parties agree to execute such further documents and instruments and to take
such further actions as may be reasonably necessary to carry out the purposes
and intent of this Shareholders Agreement.

 

5.             Counterparts. This
Shareholders Agreement may be executed in multiple counterparts each of which
shall be deemed an original and all of which shall be deemed to constitute one
and the same instrument, and it shall be sufficient for each party to have
executed at least one, but not necessarily the same, counterpart.

 

[Signatures Follow]

 

2

 

IN
WITNESS WHEREOF, the parties have executed
this Agreement as of the date first written above.

 

	
   

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  REALD INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Lewis

  
	
   

  	
  Name:

  	
  Michael Lewis

  
	
   

  	
  Title: 

  	
  Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FOUNDERS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Lewis

  
	
   

  	
  Name:

  	
  Michael Lewis

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joshua Greer

  
	
   

  	
  Name:

  	
  Joshua Greer

  
				

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
  SERIES A PREFERRED:

  
	
   

  	
   

  
	
   

  	
  William D. Budinger Revocable Trust

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William D. Budinger

  
	
   

  	
  Name:

  	
  William D. Budinger

  
	
   

  	
  Title: 

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Torque Investments, LLC (formerly known as
  Hobbit Investments, LLC)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William M. Budinger

  
	
   

  	
  Name:

  	
  William M. Budinger

  
	
   

  	
  Title:

  	
  President of Sunnyside Mgt, Torque’s Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LIGHTHOUSE CAPITAL INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Janet Sairsiweth / Jayne Tivnan

  
	
   

  	
  Name:

  	
  Janet Sairsiweth / Jayne Tivnan

  
	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Richard Huston

  
				

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
  SERIES B PREFERRED:

  
	
   

  	
   

  
	
   

  	
  William D. Budinger Revocable Trust

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William D. Budinger

  
	
   

  	
  Name:

  	
  William D. Budinger

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Torque Investments, LLC (formerly known as
  Hobbit Investments, LLC)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William M. Budinger

  
	
   

  	
  Name:

  	
  William M. Budinger

  
	
   

  	
  Title: 

  	
  President of Sunnyside Mgt, Torque’s Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LIGHTHOUSE CAPITAL INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Janet Sairsiweth / Jayne Tivnan

  
	
   

  	
  Name:

  	
  Janet Sairsiweth / Jayne Tivnan

  
	
   

  	
  Title: 

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Richard Huston

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Real Big, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David L. Marrs

  
	
   

  	
  Name:

  	
  David L. Marrs

  
	
   

  	
  Title:

  	
  Manager

  
				

 

[Signature Page to Amendment
No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
  The Susan Budinger Loncki Separate Property Trust

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Susan Martin Budinger

  
	
   

  	
  Name:

  	
  Susan Martin Budinger

  
	
   

  	
  Title: 

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Kagan

  
	
   

  	
  Name:

  	
  Paul Kagan

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul MacCaskill

  
	
   

  	
  Name:

  	
  Paul MacCaskill

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  William Charles Powers and Carolyn Clark
  Powers Trust

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title: 

  	
   

  

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
  SERIES C PREFERRED:

  
	
   

  	
   

  
	
   

  	
  Shamrock Capital Growth Fund II, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  Shamrock Capital Partner II,
  LLC

  
	
   

  	
   

  	
  Its: 

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Stephen D. Royer

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Stephen D. Royer

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
						

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
  SERIES D PREFERRED:

  
	
   

  	
   

  
	
   

  	
   

  	
  MANATUCK HILL SCOUT FUND,
  L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mark Broach

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Mark Broach

  
	
   

  	
   

  	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MANATUCK HILL MARINER
  MASTER FUND, L.P

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mark Broach

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Mark Broach

  
	
   

  	
   

  	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MANATUCK HILL NAVIGATOR
  MASTER FUND, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mark Broach

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Mark Broach

  
	
   

  	
   

  	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Pequot Institutional
  Master Fund, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pequot Capital Management,
  Inc., as 

  
	
   

  	
   

  	
   

  	
   

  	
  Investment Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Title:

  	
  SVP & Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Pequot Endowment Fund,
  L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pequot Capital Management,
  Inc., as 

  
	
   

  	
   

  	
   

  	
   

  	
  Investment Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Title:

  	
  SVP & Authorized Signatory

  

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]

 

 

	
   

  	
   

  	
  Pequot Core Global Master
  Fund, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pequot Capital Management,
  Inc., as 

  
	
   

  	
   

  	
   

  	
   

  	
  Investment Advisor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Title:

  	
  SVP & Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Pequot Core Global
  Investors Master Fund, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pequot Capital Management,
  Inc., as 

  
	
   

  	
   

  	
   

  	
   

  	
  Investment Advisor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Debra A. Luf

  
	
   

  	
   

  	
   

  	
  Title:

  	
  SVP & Authorized Signatory

  

 

[Signature
Page to Amendment No. 3 to Third Amended and Restated Shareholders Agreement]Exhibit
4.8

 

June 25,
2010

 

William M. Budinger 

1250 Red Butte Drive 

Aspen, CO 81611

 

Shamrock Capital Growth Fund
II, L.P.

4444 W. Lakeside Drive 

Burbank, CA 91505

 

Re: Initial public offering
of RealD Inc. (the “Offering”)

 

Ladies and Gentlemen:

 

Reference is made to that
certain Investor Rights Agreement, dated as of December 24, 2007, by and among
RealD Inc. (the “Company”) and the Shareholders party thereto, as amended by
that certain Amendment and Agreement, dated as of May 25, 2010, by and
among the Company and the other Parties thereto (together, the “Investor Rights
Agreement”). Capitalized terms used but not defined herein shall have the
respective meanings set forth in the Investor Rights Agreement.

 

The Company desires to
permit Mr. William M. Budinger to register under the Act the offering of
shares of Common Stock held of record in Mr. Budinger’s name pursuant to
the Registration Statement on Form S-l (File No. 333-165988) filed by
the Company with the Securities and Exchange Commission (such Registration
Statement, as amended, the “Registration Statement”). The Company hereby agrees
to include any shares of Common Stock held of record in Mr. Budinger’s
name in the Registration Statement in accordance with Section 1.8 of the
Investor Rights Agreement as though Mr. Budinger were a “Holder” and as
though such shares of Common Stock were “Other Common Shares” (as such terms
are defined in the Investor Rights Agreement), and Mr. Budinger hereby
agrees to be bound by the terms, conditions and procedures set forth in the
Investor Rights Agreement with respect to such shares of Common Stock in
connection with his participation in the Offering.

 

Pursuant to
Section 1.14 of the Investor Rights Agreement, Shamrock Capital Growth
Fund II, L.P. hereby consents to Mr. Budinger’s participation in the
Offering on the terms set forth in this letter.

 

[Signature
page follows]

 

 

Please indicate your
agreement and acknowledgement with the terms of this letter by signing in the
appropriate spaces below.

 

	
   

  	
  REALD INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig Gatarz

  
	
   

  	
   

  	
  Name: Craig Gatarz

  
	
   

  	
   

  	
  Title: EVP/GC

  

 

 

Acknowledged and Agreed:

 

	
  /s/ William M. Budinger

  	
   

  
	
  William M. Budinger

  	
   

  

 

 

SHAMROCK CAPITAL GROWTH FUND
II, L.P.

 

 

	
  By:

  	
  /s/ Andrew Howard

  	
   

  
	
   

  	
  Name: Andrew Howard

  	
   

  
	
   

  	
  Title: VP

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