Document:

Letter Agreement

 Exhibit 10.30 
 KEY GATE INVESTMENTS LIMITED 
 c/o China Renaissance Capital Investment Limited

 Suite 305, St. George’s Building 
 2 Ice House Street, Central 
 Hong Kong 

April 5, 2011 
 Sagent
Holding Co. 
 1901 North Roselle Road, Suite 700 
 Schaumburg, Illinois 60195 
 Dear Sir or Madam: 

You have requested our consent with respect to the proposed offer and sale (the “Initial Public Offering”) by Sagent
Holding Co., a Cayman Islands exempted company (the “Company”), and certain of its members, of shares of common stock, par value $0.01 per share, of Sagent Pharmaceuticals, Inc., a Delaware corporation (the “Delaware
Corporation”), into which the Company shall be converted upon the receipt of certain member and board approvals and in connection with the closing of the Initial Public Offering. Immediately prior to the closing of the Initial Public
Offering the Company intends to discontinue as an exempted company in the Cayman Islands and be simultaneously continued as the Delaware Corporation. Such continuation, as further described in the Company’s draft Form S-1/A filed with the
United States Securities and Exchange Commission on March 17, 2011 and in the resolutions adopted by the Company’s board of directors on April 5, 2011 (the “Board Resolutions”), is referred to herein as the “Delaware
Conversion”. In connection with your request, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, we and you hereby agree as follows: 

Subject to the satisfaction of the conditions set out below, we hereby provide our consent pursuant to, and in full satisfaction of the
consent requirements set forth in, the following agreements with respect to the consummation of (i) the Initial Public Offering, (ii) the Delaware Conversion and (iii) the transactions to be consummated in connection therewith, in
each case, upon such terms and conditions as consented to by the Board of Directors of the Company and its members: (A) the Fourth Amended and Restated Members Agreement, dated as of September 3, 2010 (as amended, the “Members
Agreement”), by and among the Company and the “Investors” named therein, including but not limited to those set forth in Sections 3.11(c) and 3.11(d) of the Members Agreement, and (B) the Company’s Sixth Amended and
Restated Memorandum of Association, as adopted on August 12, 2010 (as amended, the “Articles”), including but not limited to those set forth in Article 77(c) and 77(d) of the Articles. Our consent is subject to the satisfaction
in full of the following conditions precedent: (1) the registration statement relating to the Initial Public Offering shall have become effective, and the signing of a definitive underwriting agreement, shall have occurred by April 30,
2011, the registration statement shall not have been withdrawn and no stop order shall have been issued in respect thereof and the underwriting agreement shall not have been terminated, (2) the reverse share split ratio of common shares of the
Delaware Corporation following the Delaware Conversion 

 
and immediately before the completion of the Initial Public Offering will be 7.8378, (3) the Public Offering Price (as defined below) and the bottom of the price range as set forth in the
preliminary prospectus shall in each case not be less than $13.00 and (4) all shares of the Delaware’s Corporation common stock held by us at the closing of the Initial Public Offering (not including any over-allotment option), including
the shares into which our 21,428,571 Series B-1 Preference Shares of the Company will be converted and the shares issued upon the exercise of the Amended Warrants (as defined below) will have the benefit of the registration rights described in the
Members Agreement and summarized in “Certain Relationships and Related Party Transactions – Series A Share Financings – Members Agreement” of the registration statement on Form S-1 filed by the Company in connection with the
Initial Public Offering, and all amendments or supplements to the Members Agreement necessary to give effect to the foregoing shall have been duly authorized, executed and delivered by the parties thereto. Subject to the satisfaction of the
foregoing conditions, this consent shall be effective even if the Initial Public Offering is not a Qualified IPO (as defined in the Articles). For the avoidance of doubt, the foregoing conditions precedent shall not be amended or waived by virtue of
our having approved any shareholder resolution or granted any proxy, in each case relating to or in connection with the Delaware Conversion or the reverse stock split. 

In the event that the Delaware Conversion has occurred but the closing of the Initial Public Offering (not including any
over-allotment option) has not occurred by May 20, 2011, you will take all steps necessary to promptly exchange our common shares of the Delaware Corporation for an equal number of newly issued preferred shares of the Delaware Corporation
granting us substantially the same minority protections, economic rights and other rights and preferences as is provided to holders of the Series B-1 Preference Shares of the Company, giving appropriate effect to the Delaware Conversion and the
reverse share split. During the period commencing upon the effectiveness of the Delaware Conversion and continuing until the closing of the Initial Public Offering (not including any over-allotment option), the Company will not take any action that
would have otherwise required your consent under the Members Agreement or the Articles, except for such actions undertaken in connection with the Delaware Conversion and the Initial Public Offering in accordance with the terms of this letter
agreement. 
 As we have previously discussed, we also confirm to you that our current representative serving on the
Company’s Board of Directors, Mr. Mark Qiu, will submit his resignation and resign from the Company’s Board of Directors effective as of the pricing of the Initial Public Offering. You will advise us of the signing of the underwriting
agreement in connection with the Initial Public Offering and the scheduled time of the closing. 
 In consideration of the
foregoing, you have agreed to consent to and effect the amendment of: (i) the warrants to purchase an aggregate of 2,380,952 Series B-1 Preference Shares (as defined in the Articles) at an exercise price of $2.10 and (ii) the warrants to
purchase an aggregate of 2,040,816 Series B-1 Preference Shares at an exercise price of $2.45 per share (collectively, the “Warrants”). As amended, one Warrant will entitle the holder to purchase 142,000 shares of the Delaware
Corporation’s common stock at an exercise price of $0.01 per share (the “Penny Warrant”) and the other Warrant will entitle the holder to purchase that number of shares of the Delaware Corporation’s common stock determined
by dividing $5,000,000 by the price of the Delaware Corporation’s common stock offered to the public in the 

 
Initial Public Offering (the “Public Offering Price”) at an exercise price per share equal to the Public Offering Price (collectively, the “Amended Warrants”).
The number of shares of common stock of the Delaware Corporation issuable upon the exercise of the Penny Warrant shall be increased by 110 shares for each $0.01 that the Public Offering Price is below $13.50. The foregoing amendments shall become
effective at a time prior to completion of the Initial Public Offering but sufficiently before completion such that we have a reasonable amount of time to exercise the Amended Warrants (in the manner described below) prior to completion. We hereby
acknowledge and agree that the Amended Warrants will expire upon the closing of the Initial Public Offering if not exercised prior to such time and that we will exercise such Amended Warrants in full prior to that time. You confirm that we may
exercise the Amended Warrants by giving you notice that we will so exercise and producing evidence of wire instructions to pay the requisite purchase price (which notice and evidence will constitute effective exercise for all purposes). In the event
the Initial Public Offering is not consummated substantially as scheduled, you will promptly return the purchase price upon our request. Furthermore, in the event the closing of the Initial Public Offering (not including any over-allotment option)
is not completed by May 20, 2011, you will take all steps necessary to promptly amend the Warrants (or grant to us new warrants) on substantially the same terms as the Warrants (before any amendments), but giving appropriate effect to the
Delaware Conversion and the reverse share split. 
 We further acknowledge agree that all shares of the Delaware
Corporation’s common stock issued upon the exercise of the Amended Warrants shall constitute “Common Stock” (as defined in the Lock-Up Letter, dated as of December 3, 2010 (as amended, the “Lock-Up Letter”), by
and among Merrill Lynch, Pierce, Fenner & Smith Incorporated, Key Gate Investments Limited and certain other stockholders of the Company) and shall be subject to the restrictions and limitations set forth in the Lock-Up Letter with respect
to the Common Stock. You and we shall cooperate in good faith to prepare, execute and deliver the instruments, documents or agreements which are reasonably necessary to effect the Warrant Amendment and the issuance of shares upon the exercise of the
Amended Warrants. 
 This letter agreement will be governed by and construed in accordance with the Laws of the State of New
York applicable to contracts made and to be performed within the State of New York. This letter agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the
same agreement. 
 The undersigned have executed this letter agreement intending to be legally bound thereby. 

 
	
	KEY GATE INVESTMENTS LIMITED
	
	By: China Renaissance Capital Investment
	Its: General Partner

  

			
	By:	 	/s/ Mark Qiu
	Name:	 	Mark Qiu
	Title:	 	Director

  

			
	Acknowledged and Agreed to by:
	
	SAGENT HOLDING CO.
		
	By:	 	/s/ Michael Logerfo
	Name:	 	Michael Logerfo
	Title:	 	Chief Legal Officer & Corporate Vice President
		 	

 [Signature Page to Key Gate Consent Agreement]Form of Specimen Certificate of Series D Preferred Stock

 Exhibit 4.1 

 

 

 SUNSTONE HOTEL INVESTORS, INC. 

IMPORTANT NOTICE 
 CLASSES OF STOCK 
 THE CORPORATION WILL FURNISH TO ANY STOCKHOLDER, ON
REQUEST AND WITHOUT CHARGE, A FULL STATEMENT OF THE INFORMATION REQUIRED BY SECTION 2-211(B) OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE OF THE ANNOTATED CODE OF MARYLAND WITH RESPECT TO THE DESIGNATIONS AND ANY PREFERENCES. CONVERSION AND
OTHER RIGHTS, VOTING POWERS, RESTRICTIONS, LIMITATIONS AS TO DIVIDENDS AND OTHER DISTRIBUTIONS, QUALIFICATIONS, AND TERMS AND CONDITIONS OF REDEMPTION OF THE STOCK OF EACH CLASS WHICH THE CORPORATION HAS AUTHORITY TO ISSUE AND, IF THE CORPORATION IS
AUTHORIZED TO ISSUE ANY PREFERRED OR SPECIAL CLASS IN SERIES, (I) THE DIFFERENCES IN THE RELATIVE RIGHTS AND PREFERENCES BETWEEN THE SHARES OF EACH SERIES TO THE EXTENT SET, AND (II) THE AUTHORITY OF THE BOARD TO SET SUCH RIGHTS AND PREFERENCES
OF SUBSEQUENT SERIES. THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE ISSUED AND SHALL BE HELD SUBJECT TO ALL THE PROVISIONS OF THE CHARTER AND BYLAWS OF (COPIES WHICH MAY BE OBTAINED FROM THE SECRETARY OF THE CORPORATION), TO ALL OF WHICH
THE HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF ASSENTS. 
 RESTRICTION ON OWNERSHIP AND TRANSFER 

THE SHARES OF SERIES D PREFERRED STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE
OWNERSHIP AND TRANSFER FOR THE PURPOSE OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL ESTATE INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”). SUBJECT TO CERTAIN FURTHER RESTRICTIONS
CONTAINED IN THE CHARTER AND EXCEPT AS EXPRESSLY PROVIDED IN THE ARTICLES SUPPLEMENTARY FOR THE SERIES D PREFERRED STOCK, (i) NO ONE PERSON MAY BENEFICIALLY OWN SHARES OF THE CORPORATION’S SERIES D PREFERRED STOCK IN EXCESS OF 9.8% (BY
VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE RESTRICTIVE) OF THE OUTSTANDING SERIES D PREFERRED STOCK OF THE CORPORATION; (ii) NO ONE PERSON MAY CONSTRUCTIVELY OWN SHARES OF THE CORPORATION’S SERIES D PREFERRED STOCK IN EXCESS OF 9.8%
(BY VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE RESTRICTIVE) OF THE OUTSTANDING SERIES D PREFERRED STOCK OF THE CORPORATION; (iii) NO ONE PERSON MAY BENEFICIALLY OR CONSTRUCTIVELY OWN SERIES D PREFERRED STOCK THAT, TAKING INTO ACCOUNT ANY
OTHER CAPITAL STOCK OF THE CORPORATION BENEFICIALLY OR CONSTRUCTIVELY OWNED BY SUCH PERSON, WOULD RESULT IN THE CORPORATION BEING “CLOSELY HELD” UNDER SECTION 856(h) OF THE CODE OR OTHERWISE CAUSE THE CORPORATION TO FAIL TO QUALIFY AS A
REIT” , AND (iv) NO PERSON MAY TRANSFER SERIES D PREFERRED STOCK IF SUCH TRANSFER WOULD RESULT IN THE CAPITAL STOCK OF THE CORPORATION BEING OWNED BY FEWER THAN 100 PERSONS NO PERSON MAY BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF CAPITAL
STOCK OF THE CORPORATION IN EXCESS OF 9.8% OF THE VALUE OF THE TOTAL OUTSTANDING SHARES OF CAPITAL STOCK OF THE CORPORATION, UNLESS SUCH PERSON IS AN EXCEPTED HOLDER (AS DEFINED IN THE CHARTER) (IN WHICH CASE THE EXCEPTED HOLDER LIMIT SHALL BE
APPLICABLE). ANY PERSON WHO BENEFICIALLY OR CONSTRUCTIVELY OWNS OR ATTEMPTS TO BENEFICIALLY OR CONSTRUCTIVELY OWN SERIES D PREFERRED STOCK WHICH CAUSES OR WILL CAUSE A PERSON TO BENEFICIALLY OR CONSTRUCTIVELY OWN SERIES D PREFERRED STOCK IN EXCESS
OF THE ABOVE LIMITATIONS MUST IMMEDIATELY NOTIFY THE CORPORATION. IF ANY OF THE RESTRICTIONS ON TRANSFER OR OWNERSHIP ARE VIOLATED, THE SERIES D PREFERRED STOCK REPRESENTED HEREBY IN EXCESS OF SUCH RESTRICTIONS WILL BE AUTOMATICALLY TRANSFERRED TO
THE TRUSTEE OF A TRUST FOR THE BENEFIT OF ONE OR MORE CHARITABLE BENEFICIARIES. IN ADDITION, THE CORPORATION MAY REDEEM SHARES UPON THE TERMS AND CONDITIONS SPECIFIED BY THE BOARD OF DIRECTORS IN ITS SOLE DISCRETION IF THE BOARD OF DIRECTORS
DETERMINES THAT OWNERSHIP OR A TRANSFER OR OTHER EVENT MAY VIOLATE THE RESTRICTIONS DESCRIBED ABOVE. FURTHERMORE, UPON THE OCCURRENCE OF CERTAIN EVENTS, ATTEMPTED TRANSFERS IN VIOLATION OF THE RESTRICTIONS DESCRIBED ABOVE MAY BE VOID AB INITIO. ALL
TERMS IN THIS LEGEND WHICH ARE DEFINED IN THE ARTICLES SUPPLEMENTARY FOR THE SERIES D PREFERRED STOCK SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN SUCH ARTICLES SUPPLEMENTARY, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A TIME TO TIME, A COPY OF
WHICH INCLUDING THE RESTRICTIONS ON TRANSFER AND OWNERSHIP, WILL BE FURNISHED TO EACH HOLDER OF SERIES D PREFERRED STOCK ON REQUEST AND WITHOUT CHARGE. REQUESTS FOR SUCH A COPY MAY BE DIRECTED TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL
OFFICE. 
  
  

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

											
	TEN COM-	  	as tenants in common	 	UNIF GIFT MIN ACT-	 	 	  		 	Custodian ______________
	TEN ENT-	  	as tenants by the entireties	 		 	(Cust)	  		 	          (Minor)
	JT TEN-	  	as joint tenants with right of survivorship and not as tenants in common	 		 	under Uniform Gifts to Minors	 	
		  		 		 	Act ________________________________________	 	
		  		 		 	(State)	 	
		  		 	UNIF TRF MIN ACT-	 	 	  		 	Custodian (until age _____)
		  		 		 	(Cust)	  		 	
		  		 		 	 ______________________ under Uniform Transfers
	 	
		  		 		 	       (Minor)
	 	
		  		 		 	to Minors Act _______________________	 	
		  		 		 	(State)	 	

 Additional abbreviations may also be used though not in the above list. 

For Value received, ___________________________________________________________hereby sell, assign and transfer unto 

 
  
         PLEASE INSERT SOCIAL SECURITY OR 
 OTHER
IDENTIFYING NUMBER OF ASSIGNEE

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