Document:

exv10w2

 

Exhibit 10.2

EXECUTION
COPY

AGREEMENT

     This Agreement (this “Agreement”) is made and entered into as of February 12, 2007, by and
between Phoenix Technologies Ltd. (the “Company” or “Phoenix Technologies”), and the entities
listed on the signature page hereto (collectively, the “AWM Group”) (each of the Company and the
AWM Group a “Party” to this Agreement, and collectively, the “Parties”).

RECITALS

     A. The AWM Group beneficially owns in the aggregate 3,218,459 shares of outstanding Phoenix
Technologies Common Stock;

     B. Certain entities and individuals associated with the Starboard Value and Opportunity
Master Fund Ltd. (the “Ramius Group”) beneficially own in the aggregate 3,502,941 shares of
outstanding Phoenix Technologies Common Stock and the Ramius Group has initiated a proxy
solicitation (the “Proxy Solicitation”) to elect two individuals to the Phoenix Technologies Board
of Directors (the “Phoenix Technologies Board”);

     C. Concurrently with the execution of this Agreement, the Company and the Ramius Group are
entering into a settlement agreement (the “Ramius Settlement Agreement”) pursuant to which the
Ramius Group has agreed, among other things: (i) to withdraw its nominees to the Phoenix
Technologies Board and terminate the Proxy Solicitation, (ii) not to present any nominees or
proposals at the Company’s 2007 Annual Meeting of Stockholders (including any adjournment or
postponement thereof, the “Annual Meeting”) and (iii) to vote its shares of the Company’s Common
Stock in favor of the Nominees (as defined below) at the Annual Meeting;

     D. The Phoenix Technologies Board has determined that it is in the best interests of the
stockholders of the Company to nominate John Mutch and Robert J. Majteles (collectively, the
“Nominees”) for election to the Phoenix Technologies Board as Class 2 directors at the Company’s
Annual Meeting in place of David S. Dury and Taher Elgamal and to recommend the Nominees for
election to the Phoenix Technologies Board; and

     E. The Company and the AWM Group desire, in connection with the nomination of the Nominees to
the Phoenix Technologies Board, to make certain covenants and agreements with one another pursuant
to this Agreement.

     NOW THEREFORE, in consideration of the covenants and premises set forth herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties hereto hereby agree as follows:

     1. The Company shall promptly amend its proxy solicitation materials (the “Proxy Materials”)
previously filed with the Securities and Exchange Commission by the Company on behalf of the
Phoenix Technologies Board to disclose that (i) the Phoenix Technologies Board has nominated the
Nominees as the sole nominees for election as Class 2 directors at the Annual

 

 

Meeting, (ii) David S. Dury and Taher Elgamal will not stand for election at the Annual
Meeting, (iii) the Phoenix Technologies Board recommends that stockholders vote “for” the Nominees
at the Annual Meeting, and (iv) proxies solicited by the Phoenix Technologies Board will be voted
“for” the Nominees at the Annual Meeting. The Phoenix Technologies Board will not nominate any
other person for election as a Class 2 director at the Annual Meeting and shall not modify or
withdraw its recommendation that stockholders vote for the Nominees at the Annual Meeting.

     2. At the Annual Meeting, the AWM Group shall appear in person or by proxy and vote all shares
of Common Stock beneficially owned by them and their controlled affiliates in favor of the election
to the Phoenix Technologies Board of the Nominees. The AWM Group shall cause to be executed
proxies voting in favor of the election of the Nominees (in the form utilized by the Company to
solicit proxies for all stockholders) so as to vote all shares of Common Stock beneficially owned
by it and its controlled affiliates in favor of the election of the Nominees to the Phoenix
Technologies Board. The AWM Group shall not withdraw or modify any such proxies so long as the
Company is in compliance with the terms hereof and the Ramius Settlement Agreement.

     3. The AWM Group agrees not to nominate any other person for election at the Annual Meeting or
to otherwise bring any business before the Annual Meeting so long as the Company is in compliance
with the terms hereof and the Ramius Settlement Agreement.

     4. From the date hereof through the Annual Meeting, the AWM Group agrees that it shall not
directly or indirectly engage in any activities in opposition to the election of the Nominees as
the sole directors elected at the Annual Meeting so long as the Company is in compliance with the
terms hereof and the Ramius Settlement Agreement.

     5. In accordance with the Company’s bylaws, immediately following the conclusion of the Annual
Meeting, the Company shall take all action necessary to:

          (a) appoint (i) John Mutch as a member, but not chairman, of the Audit Committee of the
Phoenix Technologies Board (the “Audit Committee”) and (ii) Robert J. Majteles as a member, but not
chairman, of the Nominating and Governance Committee of the Phoenix Technologies Board (the
“Nominating Committee”); and

          (b) elect Dale Fuller as the new chairman of the Phoenix Technologies Board.

     6. The Company shall convene the Annual Meeting on February 14, 2007 at 10:00 a.m. local time
and immediately adjourn the Annual Meeting, prior to the opening of the polls, to another date and
time as promptly as possible following February 14, 2007 as the Company may deem reasonably
necessary to allow additional time for the Company stockholders to receive the amended Proxy
Materials contemplated by Section 1 of this Agreement.

     7. Following the Annual Meeting and prior to the 2008 annual meeting of stockholders, the
Company agrees to review and consider, and to deliberate upon, at a meeting of the Phoenix

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Technologies Board, the corporate governance recommendations of Institutional Shareholder
Services (“ISS”), including the Company’s ISS Corporate Governance Quotient (the “CGQ”) and
factors of the CGQ which ISS categorized as “negative” in its report dated February 6, 2007.

     8. Promptly following the concurrent execution of this Agreement and the Ramius Settlement
Agreement, the Company shall issue a press release announcing the terms of this Agreement and the
Ramius Settlement Agreement, in the form attached hereto as Exhibit A.

     9. The AWM Group agrees it will cause its controlled affiliates to comply with the terms of
this Agreement.

     10. The effectiveness of this Agreement is conditioned upon the effectiveness of the Ramius
Settlement Agreement.

     11. This Agreement constitutes the entire agreement between the Parties with respect to the
subject matter hereof and supersedes all prior agreements understandings, both written and oral,
among the parties with respect to the subject matter hereof. No modifications of this Agreement
can be made except in writing signed by an authorized representative of each the Company and the
AWM Group.

     12. If at any time subsequent to the date hereof, any provision of this Agreement shall be
held by any court of competent jurisdiction to be illegal, void or unenforceable, such provision
shall be of no force and effect, but the illegality or unenforceability of such provision shall
have no effect upon the legality or enforceability of any other provision of this Agreement.

     13. Each of the Parties acknowledges and agrees that irreparable injury to the other Parties
hereto would occur in the event any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached and that such injury would not be
adequately compensable in damages. It is accordingly agreed by each of the Parties that a Party so
moving (the “Moving Party”) shall each be entitled to specific enforcement of, and injunctive
relief to prevent any violation of, the terms hereof and the other Parties hereto will not take
action, directly or indirectly, in opposition to the Moving Party seeking such relief on the
grounds that any other remedy or relief is available at law or in equity.

     14. This Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of Delaware without reference to the conflict of laws principles thereof. Each of
the Parties hereto irrevocably agrees that any legal action or proceeding with respect to this
Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of
any judgment in respect of this Agreement and the rights and obligations arising hereunder brought
by the other party hereto or its successors or assigns, shall be brought and determined exclusively
in the Delaware Court of Chancery and any state appellate court therefrom within the State of
Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular
matter, any state or federal court within the State of Delaware). Each of the Parties hereto
hereby

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irrevocably submits with regard to any such action or proceeding for itself and in respect
of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid
courts and
agrees that it will not bring any action relating to this Agreement in any court other than
the aforesaid courts. Each of the parties hereto hereby irrevocably waives, and agrees not to
assert in any action or proceeding with respect to this Agreement, (i) any claim that it is not
personally subject to the jurisdiction of the above-named courts for any reason, (ii) any claim
that it or its property is exempt or immune from jurisdiction of any such court or from any legal
process commenced in such courts (whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) to the
fullest extent permitted by applicable legal requirements, any claim that (A) the suit, action or
proceeding in such court is brought in an inconvenient forum, (B) the venue of such suit, action or
proceeding is improper or (C) this Agreement, or the subject mater hereof, may not be enforced in
or by such courts.

     15. This Agreement may be executed in one or more counterparts which together shall constitute
a single agreement.

[The remainder of this page intentionally left blank]

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     IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 
	 	PHOENIX TECHNOLOGIES LTD.

 	 
	 	By:  	/s/ Scott Taylor 	 
	 	 	Name:  	Scott Taylor 	 
	 	 	Title:  	SVP and General Counsel 	 
	 

	 	 	 	 	 
	 	THE AWM GROUP,

On its own behalf and on behalf of:

Special Situations Fund III QP, L.P

Special Situations Fund III, L.P.

Special Situations Cayman Fund, L.P.

Special Situations Private Equity Fund, L.P.

Special Situations Technology Fund I, L.P.

Special Situations Technology Fund II, L.P.

Special Situations Life Sciences Fund, L.P.

 	 
	 	By:  	/s/ Austin W. Marxe 	 
	 	 	Austin W. Marxe, President 	 
	 	 	 	 

 

 

	 	 	 	 	 

EXHIBIT A

FORM OF PRESS RELEASE

 

 

	 	 	 	 	 
	
	 	news release

Phoenix Technologies and Largest Investors Agree on New

Board Nominees

Ramius Group Withdraws Dissident Proxy; Second Largest Shareholder Provides

Support; New Agreement Will Benefit All Shareholders

MILPITAS, CA: February 12, 2007 —  Phoenix Technologies Ltd. (NASDAQ: PTEC), the global
leader in core systems firmware, today announced that the Company has reached agreements regarding
board composition with each of its two largest shareholders, the Ramius Group and the AWM Group.

The Phoenix Technologies board of directors has determined that it is in the best interests of all
shareholders of the Company to nominate Mr. John Mutch and Mr. Robert J. Majteles, for election to
the Phoenix Technologies board at the Company’s annual meeting of stockholders to be held on
February 14, 2007. Following the election of the new nominees to the Phoenix Technologies board,
Mr. Mutch will be appointed as a member of the Audit Committee of the board and Mr. Majteles will
be appointed as a member of the Nominating and Governance Committee of the board. Current board
members and nominees for the upcoming elections, Mr. Dave Dury and Dr. Taher Elgamal, have decided
to withdraw their candidacy. Mr. Dale Fuller, a current board member, will become the new chairman
of the board upon Mr. Dury’s departure.

In announcing the agreement, Mr. Woody Hobbs, president and chief executive officer of Phoenix
Technologies said, “We are very pleased that we were able to reach an agreement with the Ramius
Group, our largest shareholder. By adding one board member recommended by the Ramius Group and one
by AWM, we ensure that diverse shareholder interests are represented on the board.”

“I also want to thank Dave Dury and Taher Elgamal for their service on the board and for their help
in facilitating this settlement. We can now get back to the real business of making Phoenix
Technologies a great and valuable company,” added Mr. Hobbs.

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Mr. John Mutch, who was originally nominated by Starboard Value and Opportunity Master Fund Ltd.,
an affiliate of Ramius Capital Group, L.L.C., is the founder and a managing partner of MV Advisors,
LLC. In March 2003, Mr. Mutch was appointed to the board of directors of Peregrine Systems, a
global enterprise software provider, where he served as President and CEO, and led the company
through its acquisition by Hewlett-Packard. Mr. Mutch joined HNC Software in 1997 where he was
promoted to increasing responsibilities culminating in the CEO position in 2001. From December 1986
to June 1994, Mr. Mutch held a variety of executive sales and marketing positions with Microsoft
Corporation, including director of organization marketing. Mr. Mutch is currently a director of the
San Diego Software Industry Council. He holds a B.S. from Cornell University and an M.B.A. from the
University of Chicago.

Mr. Robert J. Majteles, recommended by Ramius and by the AWM Group, is the managing partner of
Treehouse Capital LLC, an investment firm he founded in 2001. Prior to Treehouse, Mr. Majteles was
CEO of three different technology companies. In addition, Mr. Majteles has also been an investment
banker and a mergers and acquisitions attorney. Mr. Majteles received a law degree from Stanford
University in 1989 and a Bachelor of Arts degree from Columbia University in 1986. He is also a
Lecturer at the Haas School of Business, University of California, Berkeley, and at Stanford Law
School, Stanford University.

In connection with the agreement, the Ramius Group has agreed to withdraw its proxy solicitation
and vote in favor of both Mr. Mutch and Mr. Majteles. AWM has also agreed to vote in favor of both
nominees.

The Company also announced that it intends to convene its annual meeting of stockholders as
originally scheduled at 10:00 A.M., Pacific Standard Time, on February 14, 2007 at the Company’s
offices located at 915 Murphy Ranch Road, Milpitas, California 95035, and then immediately adjourn
the meeting to 9:00 A.M., Pacific Standard Time, on February 26, 2007 at the same location, in
order to provide stockholders time to receive supplemental proxy materials and a new proxy card to
reflect the Company’s two new nominees for Class 2 Director.

About Phoenix Technologies

Phoenix Technologies Ltd. (NASDAQ: PTEC) is the global market leader in system firmware that
provides the most secure foundation for today’s computing environments. The Company established
industry

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leadership with its original BIOS product in 1983, and today has 149 technology patents, has
shipped in over one billion systems, and continues to ship in over 125 million new systems each
year. The company’s breakthrough solution, TrustedCore, enables hardware vendors to bring secure
devices to market with the latest advances in Microsoft operating systems. The PC industry’s top
builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions to
help them accelerate time to market, differentiate products and increase profits. Phoenix is
headquartered in Milpitas, California with offices worldwide. For more information, visit
www.phoenix.com.

Phoenix, Phoenix Technologies, and the Phoenix Technologies logo are trademarks and/or registered
trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective
owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

With the exception of historical information, the statements set forth above include
forward-looking statements that involve risk and uncertainties. All forward-looking statements
included in this document are based upon information available to the Company as of the date
hereof, and the Company assumes no obligation to update any such forward-looking statement. Factors
that could cause actual results to differ materially from those in the forward looking statements
are discussed in the Company’s filings with the Securities and Exchange Commission, including its
recent filings on Form 10-K, filed December 14, 2006.

Contacts

Phoenix Technologies

Media & Investor Relations

Tel. +1 408 570 1060

investor_relations@phoenix.com

public_relations@phoenix.com

Erica Mannion, Sapphire Investor Relations

Tel. +1 212 766 1800 x203

emannion@sapphireinvestorrelations.com

SOURCE: Phoenix Technologies Ltd.

3exv4w3

 

Exhibit 4.3

CAVIUM NETWORKS

THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT

December 8, 2004

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	1. REGISTRATION RIGHTS
	 	 	1	 
	1.1 Definitions
	 	 	1	 
	1.2 Request for Registration
	 	 	3	 
	1.3 Company Registration
	 	 	4	 
	1.4 Obligations of the Company
	 	 	4	 
	1.5 Furnish Information
	 	 	6	 
	1.6 Expenses of Demand Registration
	 	 	6	 
	1.7 Expenses of Company Registration
	 	 	7	 
	1.8 Underwriting Requirements
	 	 	7	 
	1.9 Delay of Registration
	 	 	8	 
	1.10 Indemnification
	 	 	8	 
	1.11 Reports Under Securities Exchange Act of 1934
	 	 	10	 
	1.12 Form S-3 Registration
	 	 	10	 
	1.13 Assignment of Registration Rights
	 	 	11	 
	1.14 Limitations on Subsequent Registration Rights
	 	 	12	 
	1.15 “Market Stand-Off” Agreement
	 	 	12	 
	1.16 Termination of Registration Rights
	 	 	13	 
	2. COVENANTS OF THE COMPANY
	 	 	13	 
	2.1 Delivery of Financial Statements
	 	 	13	 
	2.2 Inspection
	 	 	13	 
	2.3 Right of First Offer
	 	 	13	 
	2.4 Indemnification of Officers and Directors
	 	 	16	 
	2.5 Expenses Incurred in Attending Board Meetings
	 	 	16	 
	2.6 Directors and Officers Insurance
	 	 	16	 
	2.7 Future Employee Shares
	 	 	16	 
	2.8 Employee Proprietary Information and Inventions Agreement
	 	 	16	 
	2.9 Qualified Small Business
	 	 	16	 
	2.10 Termination of Covenants
	 	 	16	 
	3. MISCELLANEOUS
	 	 	17	 
	3.1 Successors and Assigns
	 	 	17	 

i

 

	 	 	 	 	 
	 	 	Page	 
	3.2 Governing Law
	 	 	17	 
	3.3 Counterparts
	 	 	17	 
	3.4 Titles and Subtitles
	 	 	17	 
	3.5 Notices
	 	 	17	 
	3.6 Expenses
	 	 	18	 
	3.7 Amendments and Waivers
	 	 	18	 
	3.8 Severability
	 	 	18	 
	3.9 Additional Series D Shares
	 	 	18	 
	3.10 Aggregation of Stock
	 	 	18	 
	3.11 Entire Agreement
	 	 	18	 
	3.12 Amendment and Restatement of Prior Agreement
	 	 	18	 

ii

 

CAVIUM NETWORKS

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

     This Third Amended and Restated Investors’ Rights Agreement (the “Agreement”) is made as of
December 8, 2004, by and among Cavium Networks, a California corporation (the “Company”), and the
investors listed on Schedule A hereto (each an “Investor” and, collectively, the
“Investors”) and Syed Ali, Muhammad Hussain and Appleseed Partners, LLC (each a “Founder” and,
collectively, the “Founders”).

RECITALS

     A. Certain of the Investors (the “Prior Investors”) hold shares of Series A Preferred Stock of
the Company (the “Series A Preferred Stock”), Series B Preferred Stock of the Company (the “Series
B Preferred Stock”), and/or Series C Preferred Stock of the Company (the “Series C Preferred
Stock”), are parties to that certain Second Amended and Restated Investors’ Rights Agreement dated
as of June 19, 2003 by and among the Company, the Founders and such Prior Investors (the “Prior
Agreement”) and are the holders of at least a majority in interest of the shares of Common Stock
issued or issuable upon conversion of the Series A Preferred Stock, Series B Preferred Stock and
Series C Preferred Stock subject to or enjoying rights under the Prior Agreement.

     B. Certain of the Investors and the Company are parties to that certain Series D Preferred
Stock Purchase Agreement dated as of the date hereof (the “Series D Purchase Agreement”) relating
to the issue and sale of shares of Series D Preferred Stock of the Company (the “Series D Preferred
Stock,” and, together with the Series A Preferred Stock, Series B Preferred Stock and Series C
Preferred Stock, the “Preferred Stock”). The Company may sell and issue additional shares of
Series D Preferred Stock (the “Additional Series D Shares”) to certain Investors and other
investors (the “Additional Series D Investors”) pursuant to the Series D Purchase Agreement.

     C. The obligations of the Company and certain of the Investors under the Series D Purchase
Agreement are conditioned upon, among other things, the execution and delivery of this Agreement by
the Investors, the Prior Investors, the Founders and the Company.

     NOW, THEREFORE, in consideration of the mutual premises and covenants set forth herein, the
Company, the Prior Investors and the Founders hereby agree to amend and restate the Prior Agreement
as set forth herein, and the parties hereto agree as follows:

AGREEMENT

     1. Registration Rights. The Company covenants and agrees as follows:

          1.1 Definitions. For purposes of this Section 1:

               (a) The term “Act” means the Securities Act of 1933, as amended.

 

 

               (b) The term “Form S-3” means such form under the Act as in effect on the date hereof or any
registration form under the Act subsequently adopted by the SEC which permits inclusion or
incorporation of substantial information by reference to other documents filed by the Company with
the SEC.

               (c) The term “Founders’ Shares” means the 7,500,000 shares of Common Stock (subject to
appropriate adjustment for stock splits, stock dividends, combinations and other recapitalizations
(collectively, a “Recapitalization”)) issued to the Founders.

               (d) The term “Holder” means any person owning or having the right to acquire Registrable
Securities (as defined below) or any assignee thereof in accordance with Section 1.13 hereof.

               (e) The term “1934 Act” shall mean the Securities Exchange Act of 1934, as amended.

               (f) The term “register,” “registered,” and “registration” refer to a registration effected by
preparing and filing a registration statement or similar document in compliance with the Act, and
the declaration or ordering of effectiveness of such registration statement or document.

               (g) The term “Registrable Securities” means (i) the Common Stock issuable or issued upon
conversion of the Preferred Stock, (ii) the Founders’ Shares and (iii) any Common Stock of the
Company issued as (or issuable upon the conversion or exercise of any warrant, right or other
security which is issued as) a dividend or other distribution with respect to, or in exchange for
or in replacement of the shares referenced in (i) or (ii) above, excluding in all cases, however,
any Registrable Securities that have been sold by a person in a transaction in which his or her
rights under this Section 1 are not assigned or that have been sold by a person pursuant to a
registration statement under the Act covering such Registrable Securities that has been declared
effective by the SEC or in an open market transaction under Rule 144 of the Act. Notwithstanding
anything to the contrary set forth in this Section 1.1(g), the Founders’ Shares (or any shares of
Common Stock otherwise deemed “Registrable Securities” with respect thereto pursuant to clause
(iii) of this Section 1.1(g)) shall not be deemed Registrable Securities and the holders thereof
shall not be deemed Holders for the purposes of Section 1.2, and 1.12.

               (h) The number of shares of “Registrable Securities then outstanding” shall be determined by
the number of shares of Common Stock outstanding which are, and the number of shares of Common
Stock issuable pursuant to then exercisable or convertible securities which are, Registrable
Securities.

               (i) The term “SEC” shall mean the Securities and Exchange Commission.

2

 

          1.2 Request for Registration.

               (a) If the Company shall receive at any time after six (6) months after the effective date of
the first registration statement for a public offering of securities of the Company (other than a
registration statement relating either to the sale of securities to employees of the Company
pursuant to a stock option, stock purchase or similar plan or a SEC Rule 145 transaction), a
written request from the Holders of at least a majority in interest of the Registrable Securities
then outstanding that the Company file a registration statement under the Act covering the
registration of at least thirty percent (30%) of the Registrable Securities then outstanding with
an anticipated aggregate offering proceeds, before underwriting discounts and commissions, and
stock transfer taxes, of $15,000,000 or more, then the Company shall:

                         (i) within ten (10) days of the receipt thereof, give written notice of such request to all
Holders; and

                         (ii) use commercially reasonable efforts to effect, as soon as practicable, the registration
under the Act of all Registrable Securities which the Holders request to be registered, subject to
the limitations of subsection 1.2(b), within twenty (20) days of the mailing of such notice by the
Company in accordance with Section 3.5.

               (b) If the Holders initiating the registration request hereunder (“Initiating Holders”) intend
to distribute the Registrable Securities covered by their request by means of an underwriting, they
shall so advise the Company as a part of their request made pursuant to subsection 1.2(a) and the
Company shall include such information in the written notice referred to in subsection 1.2(a). The
underwriter shall be a nationally recognized underwriter and will be selected by the Board of
Directors of the Company and shall be reasonably acceptable to a majority in interest of the
Initiating Holders. In such event, the right of any Holder to include his Registrable Securities
in such registration shall be conditioned upon such Holder’s participation in such underwriting and
the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise
mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent
provided herein. All Holders proposing to distribute their securities through such underwriting
shall (together with the Company as provided in subsection 1.4(e)) enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for such underwriting.
Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Initiating
Holders in writing that marketing factors require a limitation of the number of shares to be
underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities
which would otherwise be underwritten pursuant hereto, and the number of shares of Registrable
Securities that may be included in the underwriting shall be allocated among all Holders thereof,
including the Initiating Holders, in proportion (as nearly as practicable) to the amount of
Registrable Securities of the Company owned by each Holder; provided, however, that the number of
shares of Registrable Securities to be included in such underwriting shall not be reduced unless
all other securities in such registration are first entirely excluded from the underwriting.

               (c) Notwithstanding the foregoing, if the Company shall furnish to Holders requesting a
registration statement pursuant to this Section 1.2, a certificate signed by the
President of the Company stating that in the good faith judgment of the Board of Directors of
the Company, it would be detrimental to the Company and its shareholders for such registration
statement to be filed and it is therefore essential to defer the filing of such registration
statement, the Company shall have the right to defer taking action with respect to such filing for
a period of

3

 

not more than 120 days after receipt of the request of the Initiating Holders;
provided, however, that the Company may not utilize this right more than once in any twelve-month
period.

               (d) In addition, the Company shall not be obligated to effect, or to take any action to
effect, any registration pursuant to this Section 1.2:

                         (i) After the Company has effected two registrations pursuant to this Section 1.2 and
such registrations have been declared or ordered effective;

                         (ii) During the period starting with the date sixty (60) days prior to the Company’s good
faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after
the effective date of, a registration subject to Section 1.3 hereof; provided that the Company is
actively employing in good faith all reasonable efforts to cause such registration statement to
become effective; or

                         (iii) If the Initiating Holders propose to dispose of shares of Registrable Securities that
may be immediately registered on Form S-3 pursuant to a request made pursuant to Section 1.12
below.

          1.3 Company Registration. If (but without any obligation to do so) the Company
proposes to register (including for this purpose a registration effected by the Company for
shareholders other than the Holders) any of its stock or other securities under the Act in
connection with the public offering of such securities solely for cash (other than a registration
relating solely to the sale of securities to participants in a Company stock plan, a registration
relating solely to a corporate reorganization or other transaction under Rule 145 of the Act, a
registration on any form that does not include substantially the same information as would be
required to be included in a registration statement covering the sale of the Registrable
Securities, or a registration in which the only Common Stock being registered is Common Stock
issuable upon conversion of debt securities that are also being registered), the Company shall, at
such time, promptly give each Holder written notice of such registration. Upon the written request
of each Holder given within twenty (20) days after mailing of such notice by the Company in
accordance with Section 3.5, the Company shall, subject to the provisions of Section 1.8, cause to
be registered under the Act all of the Registrable Securities that each such Holder has requested
to be registered.

          1.4 Obligations of the Company. Whenever required under this Section 1 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably
possible:

               (a) Prepare and file with the SEC a registration statement with respect to such Registrable
Securities and use commercially reasonable efforts to cause such registration statement to become
effective as soon as practicable after such requirement under this Section 1
has been triggered, and, upon the request of the Holders of at least a majority in interest of
the Registrable Securities registered thereunder, keep such registration statement effective for a
period of up to one hundred twenty (120) days or until the distribution contemplated in the
Registration Statement has been completed; provided, however, that (i) such 120-day period shall be
extended for a period of time equal to the period the Holder refrains from selling any

4

 

securities
included in such registration at the request of an underwriter of Common Stock (or other
securities) of the Company; and (ii) in the case of any registration of Registrable Securities on
Form S-3 which are intended to be offered on a continuous or delayed basis, such 120-day period
shall be extended, if necessary, to keep the registration statement effective until all such
Registrable Securities are sold, provided that Rule 415, or any successor rule under the Act,
permits an offering on a continuous or delayed basis, and provided further that applicable rules
under the Act governing the obligation to file a post-effective amendment permit, in lieu of filing
a post-effective amendment which (I) includes any prospectus required by Section 10(a)(3) of the
Act or (II) reflects facts or events representing a material or fundamental change in the
information set forth in the registration statement, the incorporation by reference of information
required to be included in (I) and (II) above to be contained in periodic reports filed pursuant to
Section 13 or 15(d) of the 1934 Act in the registration statement.

               (b) Prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Act with respect to the disposition of all
securities covered by such registration statement.

               (c) Furnish to the Holders such numbers of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Act, and such other documents as they may
reasonably request in order to facilitate the disposition of Registrable Securities owned by them.

               (d) Use commercially reasonable efforts to register and qualify the securities covered by such
registration statement under such other securities or Blue Sky laws of such jurisdictions as shall
be reasonably requested by the Holders; provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to file a general
consent to service of process in any such states or jurisdictions, unless the Company is already
subject to service in such jurisdiction and except as may be required by the Act.

               (e) In the event of any underwritten public offering, enter into and perform its obligations
under an underwriting agreement, in usual and customary form, with the managing underwriter of such
offering. Each Holder participating in such underwriting shall also enter into and perform its
obligations under such an agreement.

               (f) Notify each Holder of Registrable securities covered by such registration statement at any
time when a prospectus relating thereto is required to be delivered under the Act of the happening
of any event as a result of which the prospectus included in such registration statement, as then
in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing.

               (g) Use its reasonable efforts to furnish, at the request of any Holder requesting
registration of Registrable Securities, on the date that such Registrable Securities are delivered
to the underwriter for sale, if such securities are being sold through the underwriter or, if such
securities are not being sold through underwriters, on the date that the registration

5

 

statement
with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the
counsel representing the Company for the purposes of such registration, in form and substance as is
customarily given to underwriters in an underwritten public offering and reasonably satisfactory to
a majority in interest of the Holders requesting registration, addressed to the underwriters, if
any, and to the Holders requesting registration and (ii) a “Comfort Letter” dated as of such date,
from the independent certified public accountants of the Company in the form and substance as is
customarily given by independent certified public accountants to underwriters in an underwritten
public offering and reasonably satisfactory to a majority in interest of the Holders requesting
registration, addressed to the underwriters, if any, and to the Holders requesting registration of
Registrable Securities.

               (h) Cause all such Registrable Securities registered pursuant hereunder to be listed on each
securities exchange on which similar securities issued by the Company are then listed.

               (i) Provide a transfer agent and registrar for all Registrable Securities registered pursuant
hereunder and a CUSIP number for all such Registrable securities, in each case not later than the
effective date of such registration.

          1.5 Furnish Information.

               (a) It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder that
such Holder shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities as shall be
required to effect the registration of such Holder’s Registrable Securities.

               (b) The Company shall have no obligation with respect to any registration requested pursuant
to Section 1.2 or Section 1.12 if, due to the operation of subsection 1.5(a), the number of shares
or the anticipated aggregate offering price of the Registrable Securities to be included in the
registration does not equal or exceed the number of shares or the anticipated aggregate offering
price required to originally trigger the Company’s obligation to initiate such registration as
specified in subsection 1.2(a) or subsection 1.12(b)(2), whichever is applicable.

          1.6 Expenses of Demand Registration. All expenses (other than underwriting discounts
and commissions and stock transfer taxes) incurred in connection with registrations, filings or
qualifications pursuant to Section 1.2 or Section 1.12, including (without
limitation) all registration, filing and qualification fees, printers’ and accounting fees, and
fees and disbursements
of counsel for the Company and special counsel to the selling Holders hereunder shall be borne
by the Company (provided that the Company shall not be obligated to pay any fees for special
counsel to the selling Holders in excess of $25,000). Notwithstanding the foregoing, the Company
shall not be required to pay for any expenses of any registration proceeding begun pursuant to
Section 1.2 or Section 1.12 if the registration request is subsequently withdrawn
at the request of the Holders of a majority of the Registrable Securities to be registered (in
which case all participating Holders shall bear such expenses); provided, however, that if at the
time of such withdrawal, the Holders have learned from the Company of a

6

 

material adverse change in
the condition, business or prospects of the Company from that known to the Holders at the time of
their request and have withdrawn the request with reasonable promptness following disclosure by the
Company of such material adverse change, then the Holders shall not be required to pay any of such
expenses and shall retain their rights pursuant to Section 1.2 or Section 1.12.

          1.7 Expenses of Company Registration. The Company shall bear and pay all expenses
incurred in connection with any registration, filing or qualification of Registrable Securities
with respect to the registrations pursuant to Section 1.3 for each Holder (which right may
be assigned as provided in Section 1.13), including (without limitation) all registration,
filing, and qualification fees, printers’ and accounting fees, and fees and disbursements of
counsel for the Company and special counsel to the selling Holders hereunder relating or
apportionable thereto (provided that the Company shall not be obligated to pay any fees for special
counsel to the selling Holders in excess of $25,000), but excluding the underwriting discounts and
commissions and stock transfer taxes relating to Registrable Securities.

          1.8 Underwriting Requirements. In connection with any offering involving an
underwriting of shares of the Company’s capital stock, the Company shall not be required under
Section 1.3 to include any of the Holders’ securities in such underwriting unless they accept the
terms of the underwriting as agreed upon between the Company and the underwriters selected by it
(or by other persons entitled to select the underwriters), and then only in such quantity as the
underwriters determine in their sole discretion will not, jeopardize the success of the offering by
the Company. If the total amount of securities, including Registrable Securities, requested by
shareholders to be included in such offering exceeds the amount of securities sold other than by
the Company that the underwriters determine in their sole discretion is compatible with the success
of the offering, then the Company shall be required to include in the offering only that number of
such securities, including Registrable Securities, which the underwriters determine in their sole
discretion will not jeopardize the success of the offering (the securities so included to be
apportioned pro rata among the selling shareholders according to the total amount of securities
entitled to be included therein owned by each selling shareholder or in such other proportions as
shall mutually be agreed to by such selling shareholders) but in no event shall (i) the amount of
securities of the selling Holders included in the offering be reduced below twenty percent (20%) of
the total amount of securities included in such offering, unless such offering is the initial
public offering of the Company’s securities, in which case the selling shareholders may be excluded
if the underwriters make the determination described above and no other shareholder’s securities
are included; or (ii) notwithstanding (i) above, any shares being sold by a shareholder exercising
a demand registration right similar to that granted in Section 1.2 be excluded from such offering.
For purposes of the preceding parenthetical concerning apportionment, for any selling shareholder
which is a holder of Registrable Securities and which is a partnership, limited liability company,
or corporation, the partners, retired partners, members, retired members and shareholders of such
holder, or the estates and family members of any such members, retired members, partners and
retired partners and any trusts for the benefit of any of the foregoing persons shall be deemed to
be a single “selling shareholder,” and any pro-rata reduction with respect to such “selling
shareholder” shall be based upon the aggregate amount of shares carrying registration rights owned
by all entities and individuals included in such “selling shareholder,” as defined in this
sentence.

7

 

          1.9 Delay of Registration. No Holder shall have any right to obtain or seek an
injunction restraining or otherwise delaying any such registration as the result of any controversy
that might arise with respect to the interpretation or implementation of this Section 1.

          1.10 Indemnification. In the event any Registrable Securities are included in a
registration statement under this Section 1:

               (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder,
the partners, members, officers and directors of each Holder, any underwriter (as defined in the
Act) for such Holder and each person, if any, who controls such Holder or underwriter within the
meaning of the Act or the 1934 Act, against any losses, claims, damages, or liabilities (joint or
several) to which they may become subject under the Act or the 1934 Act, insofar as such losses,
claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any
of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue
statement or alleged untrue statement of a material fact contained in such registration statement,
including any preliminary prospectus or final prospectus contained therein or any amendments or
supplements thereto, (ii) the omission or alleged omission to state therein a material fact
required to be stated therein, or necessary to make the statements therein not misleading, or (iii)
any violation or alleged violation by the Company of the Act, the 1934 Act, or any rule or
regulation promulgated under the Act or the 1934 Act; and the Company will pay to each such Holder,
partner, member, officer, director, underwriter or controlling person, any legal or other expenses
reasonably incurred by them in connection with investigating or defending any such loss, claim,
damage, liability, or action; provided, however, that the indemnity agreement contained in this
subsection 1.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability, or action if such settlement is effected without the consent of the Company (which
consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for
any such loss, claim, damage, liability, or action to the extent that it arises out of or is based
upon a Violation which occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such registration by any such Holder, partner, member,
officer, director, underwriter or controlling person.

               (b) To the extent permitted by law, each selling Holder will indemnify and hold harmless the
Company, each of its directors, each of its officers who has signed the registration statement,
each person, if any, who controls the Company within the meaning of the Act, any underwriter, any
controlling person of any such underwriter, any other Holder selling securities in such
registration statement or any of such other Holder’s partners, directors or officers or any person
who controls such Holder, against any losses, claims, damages, or liabilities (joint or several) to
which any of the foregoing persons may become subject, under the Act, the
1934 Act or other federal or state-law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each
case to the extent (and only to the extent) that such Violation occurs in reliance upon and in
conformity with written information furnished by such Holder expressly for use in connection with
such registration; and each such Holder will pay, as incurred, any legal or other expenses
reasonably incurred by any person intended to be indemnified pursuant to this subsection 1.10(b),
in connection with investigating or defending any such loss, claim, damage,

8

 

liability, or action;
provided, however, that the indemnity agreement contained in this subsection 1.10(b) shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Holder, which consent shall not be unreasonably
withheld; provided, that, in no event shall any indemnity under this subsection 1.10(b) exceed the
net proceeds from the offering received by such Holder.

               (c) Promptly after receipt by an indemnified party under this Section 1.10 of notice of the
commencement of any action (including any governmental action), such indemnified party will, if a
claim in respect thereof is to be made against any indemnifying party under this Section 1.10,
deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying
party shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume the defense thereof with
counsel mutually satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties which may be represented without conflict by one
counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid
by the indemnifying party, if representation of such indemnified party by the counsel retained by
the indemnifying party would be inappropriate due to actual or potential differing interests
between such indemnified party and any other party represented by such counsel in such proceeding.
The failure to deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action, if prejudicial to its ability to defend such action, shall relieve
such indemnifying party of any liability to the indemnified party under this Section 1.10, but the
omission so to deliver written notice to the indemnifying party will not relieve it of any
liability that it may have to any indemnified party otherwise than under this Section 1.10.

               (d) If the indemnification provided for in this Section 1.10 is held by a court of competent
jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim,
damage, or expense referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage, or expense in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions that resulted in such
loss, liability, claim, damage, or expense as well as any other relevant equitable considerations.
The relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the indemnifying party
or by the indemnified party and the parties’ relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission.

               (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection with the
underwritten public offering are in conflict with the foregoing provisions, the provisions in the
underwriting agreement shall control.

9

 

               (f) The obligations of the Company and Holders under this Section 1.10 shall survive the
completion of any offering of Registrable Securities in a registration statement under this Section
1, and otherwise.

          1.11 Reports Under Securities Exchange Act of 1934. With a view to making available
to the Holders the benefits of Rule 144 promulgated under the Act and any other rule or regulation
of the SEC that may at any time permit a Holder to sell securities of the Company to the public
without registration or pursuant to a registration on Form S-3, the Company agrees to:

               (a) make and keep public information available, as those terms are understood and defined in
SEC Rule 144, at all times after ninety (90) days after the effective date of the first
registration statement filed by the Company for the offering of its securities to the general
public;

               (b) file with the SEC in a timely manner all reports and other documents required of the
Company under the Act and the 1934 Act; and

               (c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith
upon request (i) a written statement by the Company that it has complied with the reporting
requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the
first registration statement filed by the Company), the Act and the 1934 Act (at any time after it
has become subject to such reporting requirements), or that it qualifies as a registrant whose
securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of
the most recent annual or quarterly report of the Company and such other reports and documents so
filed by the Company, and (iii) such other information as may be reasonably requested in availing
any Holder of any rule or regulation of the SEC which permits the selling of any such securities
without registration or pursuant to such form.

          1.12 Form S-3 Registration. In case the Company shall receive from any Holder or
Holders a written request or requests that the Company effect a registration on Form S-3 and any
related qualification or compliance with respect to all or a part of the Registrable Securities
owned by such Holder or Holders, the Company shall:

               (a) promptly give written notice of the proposed registration, and any related qualification
or compliance, to all other Holders; and

               (b) use commercially reasonable efforts to effect, as soon as practicable, such registration
and all such qualifications and compliances as may be so requested and as would permit or
facilitate the sale and distribution of all or such portion of such Holder’s or Holders’
Registrable Securities as are specified in such request, together with all or such portion of the
Registrable Securities of any other Holder or Holders joining in such request as are
specified in a written request given within 15 days after receipt of such written notice from
the Company; provided, however, that the Company shall not be obligated to effect any such
registration, qualification or compliance, pursuant to this section 1.12: (1) if Form S-3 is not
available for such offering by the Holders; (2) if the Holders, together with the holders of any
other securities of the Company entitled to inclusion in such registration, propose to sell

10

 

Registrable Securities and such other securities (if any) at an aggregate price to the public (net
of any underwriters’ discounts or commissions) of less than $1,000,000; (3) if the Company shall
furnish to the Holders a certificate signed by the President of the Company stating that in the
good faith judgment of the Board of Directors of the Company, it would be detrimental to the
Company and its shareholders for such Form S-3 Registration to be effected at such time, in which
event the Company shall have the right to defer the filing of the Form S-3 registration statement
for a period of not more than 60 days after receipt of the request of the Holder or Holders under
this Section 1.12; provided, however, that the Company shall not utilize this right more than once
in any twelve-month period; (4) if the Company has, within the twelve (12) month period preceding
the date of such request, already effected two registrations on Form S-3 for the Holders pursuant
to this Section 1.12; or (5) in any particular jurisdiction in which the Company would be required
to qualify to do business or to execute a general consent to service of process in effecting such
registration, qualification or compliance.

               (c) Subject to the foregoing, the Company shall file a registration statement covering the
Registrable Securities and other securities so requested to be registered as soon as practicable
after receipt of the request or requests of the Holders. Registrations effected pursuant to this
Section 1.12 shall not be counted as demands for registration or registrations effected pursuant to
Sections 1.2 or 1.3, respectively.

          1.13 Assignment of Registration Rights. The rights to cause the Company to register
Registrable Securities pursuant to this Section 1 may be assigned (but only with all related
obligations) by a Holder to a transferee or assignee of such securities who, after such assignment
or transfer, either holds all Registrable Securities held by Holder immediately prior to such
assignment or transfer or holds at least five hundred thousand (500,000) shares of Registrable
Securities (subject to appropriate adjustment for stock splits, stock dividends, combinations and
other recapitalizations), provided: (a) the Company is, within a reasonable time after such
transfer, furnished with written notice of the name and address of such transferee or assignee and
the securities with respect to which such registration rights are being assigned; (b) such
transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of
this Agreement, including without limitation the provisions of Section 1.15 below; and (c) such
assignment shall be effective only if immediately following such transfer the further disposition
of such securities by the transferee or assignee is restricted under the Act. For the purposes of
determining the number of shares of Registrable Securities held by a transferee or assignee, the
holdings of transferees and assignees of a partnership who are partners or retired partners of such
partnership (including spouses and ancestors, lineal descendants and siblings of such partners or
spouses who acquire Registrable Securities by gift, will or intestate succession) shall be
aggregated together and with the partnership; provided that all assignees and transferees who would
not qualify individually for assignment of registration rights shall have a single attorney-in-fact
for the purpose of exercising any rights, receiving notices or taking any action under this Section 1.

          1.14 Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, the Company shall not, without the prior written consent of the Holders of at least a
majority in interest of the outstanding Registrable Securities, enter into any agreement with any
holder or prospective holder of any securities of the Company which would allow such

11

 

holder or
prospective holder (a) to include such securities in any registration filed under Section 1.2
hereof, unless under the terms of such agreement, such holder or prospective holder may include
such securities in any such registration only to the extent that the inclusion of his securities
will not reduce the amount of the Registrable Securities of the Holders which is included or (b) to
make a demand registration which could result in such registration statement being declared
effective prior to the earlier of either of the dates set forth in subsection 1.2(a) or within one
hundred twenty (120) days of the effective date of any registration effected pursuant to Section
1.2.

          1.15 “Market Stand-Off” Agreement. Each Investor hereby agrees that, during the
period of duration specified by the Company and an underwriter of common stock or other securities
of the Company, following the effective date of a registration statement of the Company filed under
the Act, it shall not, to the extent requested by the Company and such underwriter, directly or
indirectly sell, offer to sell, contract to sell (including, without limitation, any short sale),
grant any option to purchase or otherwise transfer or dispose of (other than to donees who agree to
be similarly bound) any securities of the Company held by it at any time during such period except
common stock included in such registration; provided, however, that:

               (a) such agreement shall be applicable only to the first two such registration statements of
the Company which covers common stock (or other securities) to be sold on its behalf to the public
in an underwritten offering;

               (b) such market stand-off time period shall not exceed 180 days; and

               (c) all officers and directors of the Company and holders of at least one percent (1%) of the
Company’s voting securities enter into similar agreements.

     In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions
with respect to the Registrable Securities of each Investor (and the shares or securities of every
other person subject to the foregoing restriction) until the end of such period.

     Notwithstanding the foregoing, the obligations described in this Section 1.15 shall
not apply to a registration statement relating either to the sale of securities to employees of the
Company pursuant to a stock option, stock purchase or similar plan or a registration statement
relating solely to a SEC Rule 145 transaction.

          1.16 Termination of Registration Rights. No Holder shall be entitled to exercise any
right provided for in this Section 1 after the earlier to occur of (a) the fifth
anniversary of the consummation of the sale of securities pursuant to a registration statement
filed by the Company under the Act in connection with the initial firm commitment underwritten
offering of its securities to the general public (other than a registration statement relating to
the sale of securities to employees of the Company pursuant to its stock option, stock purchase or
similar plan) and (b),
the date on which all shares of Registrable Securities held or entitled to be held upon
conversion by such Holder may immediately be sold under Rule 144 during any 90-day period.

     2. Covenants of the Company.

12

 

          2.1 Delivery of Financial Statements. The Company shall deliver to each Investor who
holds at least 2,000,000 shares of Preferred Stock or common stock issued upon conversion of
Preferred Stock the following:

               (a) as soon as practicable after the end of each fiscal year of the Company, but no later than
one hundred twenty (120) days after the end of such fiscal year, the audited financial statements,
as prepared by a nationally recognized accounting firm selected by the Board of Directors or
otherwise approved by the Board of Directors, of the Company for that fiscal period;

               (b) as soon as practicable after the end of each quarter of each fiscal year of the Company
but no later than forty-five (45) days after the end of each such quarter, an unaudited profit or
loss statement and an unaudited balance sheet as of the end of such fiscal quarter in reasonable
detail;

               (c) as soon as practicable after the end of each fiscal month of the Company, an unaudited
profit or loss statement and an unaudited balance sheet as of the end of such fiscal month in
reasonable detail;

               (d) as soon as practicable prior to the beginning of each fiscal year, but no later than
forty-five (45) days prior to the beginning of any fiscal year, an annual budget in reasonable
detail;

               (e) with respect to the financial statements called for in Sections 2.1(b), an instrument
executed by the Chief Financial Officer or President of the Company certifying that such financials
fairly present the financial condition of the Company and its results of operation for the period
specified, subject to year-end audit adjustments; and

               (f) the Company shall not be obligated under this Section 2.1 to provide information which it
deems in good faith to be a trade secret or similar confidential information.

          2.2 Inspection. The Company shall permit each Major Investor (as defined below), at
such Major Investor’s expense, to visit and inspect the Company’s properties, to examine its books
of account and records and to discuss the Company’s affairs, finances and accounts with its
officers, all at such reasonable times during normal business hours as may be reasonably requested
by the Major Investor; provided, however, that the Company shall not be obligated pursuant to this
Section 2.2 to provide access to any information that it reasonably considers to be a trade secret
or similar confidential information, and provided further that the Company may require the Major
Investor to execute a confidentiality and nondisclosure agreement prior to any such visit and
inspection.

          2.3 Right of First Offer. Subject to the terms and conditions specified in this
Section 2.3, the Company hereby grants to each Major Investor (as hereinafter defined) a
right of first offer with respect to future sales by the Company of its Shares (as hereinafter
defined). For purposes of this Section 2.3, a Major Investor shall mean (i) each Founder
and (ii) each Holder of at least two million (2,000,000) shares of Preferred Stock or common stock
issued upon

13

 

conversion thereof. For purposes of this Section 2.3, Major Investor includes
any general partners, former partners, members or former members and affiliates of a Major
Investor. A Major Investor shall be entitled to apportion the right of first offer hereby granted
it among itself and its partners, members and affiliates in such proportions as it deems
appropriate.

     Each time the Company proposes to offer any shares of, or securities convertible into or
exercisable for any shares of, any class of its capital stock (“Shares”), the Company shall first
make an offering of such Shares to each Major Investor in accordance with the following provisions:

               (a) The Company shall deliver a notice by certified mail (“Notice”) to the Major Investors
stating (i) its bona fide intention to offer such shares, (ii) the number of such Shares to be
offered, and (iii) the price and terms, if any, upon which it proposes to offer such Shares.

               (b) By written notification received by the Company, within fifteen (15) calendar days after
giving of the Notice, the Major Investor may elect to purchase or obtain, at the price and on the
terms specified in the Notice, up to that portion of such Shares which equals the Pro Rata Share of
such Major Investor. For purposes of this Section 2.3, “Pro Rata Share” means the proportion that
equals the sum of:

                         (i) the proportion that the number of shares of Common Stock issued or issuable upon
conversion of the Series D Preferred Stock held by such Major Investor on the date which is the
later of (A) the last closing of the sale of Series D Preferred Stock pursuant to the Series D
Purchase Agreement or (B) the last closing of the most recent equity financing transaction
thereafter for which the Major Investors were given a notice complying with the requirements of
this Section 2.3 (such date being the “Measuring Date”), in either case after giving effect to any
purchase, sale or other transfer of any Series D Preferred Stock by such Major Investor from or to,
as the case may be, a third party unaffiliated with such Major Investor during the period between
the Measuring Date and the date of the Notice and as adjusted for any Recapitalization occurring
after the date hereof, bears to the total number of shares of Common Stock outstanding as of the
Measuring Date on a fully diluted basis (assuming full conversion and exercise of all outstanding
convertible or exercisable securities) and as adjusted for any Recapitalization occurring after the
date hereof, plus

                         (ii) the proportion that the number of shares of Common Stock (excluding those subject to
Section 2.3(i), above) issued and held, or issuable upon conversion of the Series A Preferred
Stock, Series B Preferred Stock or Series C Preferred Stock then held, by such Major Investor and
as adjusted for any Recapitalization occurring after the date hereof bears to the total number of
shares of Common Stock of the Company then outstanding on a fully
diluted basis (assuming full conversion and exercise of all outstanding convertible or
exercisable securities) and as adjusted for any Recapitalization occurring after the date hereof.

               (c) The Company shall promptly, in writing, inform each Major Investor which purchases all the
shares available to it (“Fully-Exercising Major Investor”) of any other Major Investor’s failure to
do likewise. During the ten (10) day period commencing after receipt of such information, each
Fully-Exercising Major Investor shall be entitled to obtain

14

 

that portion of the Shares for which
Major Investors were entitled to subscribe but which were not subscribed for by the Major Investors
which is equal to the proportion that the number of shares of Common Stock issued and held, or
issuable upon conversion of Preferred Stock then held, by such Fully-Exercising Major Investor
bears to the total number of shares of Common Stock issued and held, or issuable upon conversion of
Preferred Stock then held, by all Fully-Exercising Major Investors who wish to purchase some of the
unsubscribed shares.

               (d) If all Shares referred to in the Notice are not elected to be obtained as provided in
subsection 2.3(b) hereof, the Company may, during the 30-day period following the
expiration of the period provided in subsection 2.3(b) hereof, offer the remaining
unsubscribed portion of such Shares to any person or persons at a price not less than, and upon
terms no more favorable to the offeree than those specified in the Notice. If the Company does not
enter into an agreement for the sale of the Shares within such period, or if such agreement is not
consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be
deemed to be revived and such Shares shall not be offered unless first reoffered to the Major
Investors in accordance herewith.

               (e) The right of first offer in this Section 2.3 shall not be applicable to (i) the
issuance or sale of Common Stock (or options therefor) to employees, consultants, officers or
directors of the Company pursuant to stock purchase or stock option plans or agreements approved by
the Board of Directors; (ii) the issuance or sale of securities in connection with a firm
commitment underwritten public offering of the Company’s Common Stock or other equity securities
pursuant to an effective registration statement under the Securities Act of 1933, as amended; (iii)
the issuance of securities pursuant to the conversion or exercise of currently outstanding options,
warrants, notes or other rights to acquire securities of the Company; (iv) the issuance of
securities in connection with a bona fide business acquisition of or by the Company, whether by
merger, consolidation, sale of assets, sale or exchange of stock or otherwise; (v) the issuance of
stock, warrants or other securities or rights to persons or entities with which the Company has
business relationships, provided that such issuance is primarily for other than equity financing
purposes, provided such issuances do not exceed 750,000 shares (as adjusted for stock splits,
dividends, combination, recapitalizations and the like with respect to such shares) in the
aggregate; (vi) the issuance of securities to financial institutions or lessors in connection with
commercial credit arrangements, equipment financing or similar transactions, provided such
issuances do not exceed 750,000 shares (as adjusted for stock splits, dividends, combination,
recapitalizations and the like with respect to such shares) in the aggregate; (vii) shares issued
upon conversion of Preferred Stock; (viii) shares of Series D Preferred Stock sold under the Series
D Preferred Stock Purchase Agreement of even date herewith; or (ix) shares issued pursuant to stock
splits, stock dividends or like transactions.

          2.4 Indemnification of Officers and Directors. The Company’s Fifth Amended and
Restated Articles of Incorporation (as such may be amended from time to time) (the “Restated
Articles”) or bylaws provide for the indemnification of officers and directors to the fullest
extent permitted by law. Except as required by applicable law, the Company agrees not to amend its
Restated Articles or bylaws in such manner as would diminish such indemnification of officers and
directors for so long as holders of Series B Preferred Stock and Series C Preferred Stock, voting

15

 

together as a class, and the Series D Preferred Stock, voting separately, are entitled to elect a
member of the Board of Directors pursuant to Article III(B)(5)(b) of the Restated Articles.

          2.5 Expenses Incurred in Attending Board Meetings. The Company shall reimburse each
member of the Board of Directors for reasonable travel and other business expenses incurred by such
director when acting on behalf of the Company, including, but not limited to attending meetings of
the Company’s Board of Directors.

          2.6 Directors and Officers Insurance. The Company shall purchase and maintain
Directors and Officers insurance in such amount as the Board of Directors reasonably deems
appropriate; provided that such insurance can, in the opinion of the Board of Directors, be
obtained at commercially reasonable rates. The Company shall keep such Directors and Officers
insurance in full force and effect so long as holders of Series D Preferred Stock, voting
separately as a single class, are entitled to elect a member of the Board of Directors pursuant to
Article III(B)(5)(b) of the Restated Articles.

          2.7 Future Employee Shares. Shares of Common Stock (or options therefor) issued to
employees of the Company after the date hereof shall, unless otherwise approved by a majority of
the Board of Directors, vest as follows: (i) twelve and one-half percent (12.5%) of shares subject
to any such option shall vest on the six (6) month anniversary of grant and the remainder shall
vest monthly over the remaining three and one-half years, and (ii) unvested shares of stock shall
be subject to a right of repurchase by the Company upon termination of employment with such right
of repurchase to be at cost and to lapse over a four-year vesting schedule matching the vesting
schedule of the applicable option grant.

          2.8 Employee Proprietary Information and Inventions Agreement. The Company shall
require all employees and consultants to enter into the Company’s standard form of proprietary
information and inventions agreement.

          2.9 Qualified Small Business. So long as the Major Investors hold shares of Preferred
Stock of the Company, the Company will use its best efforts to comply with the reporting and
recordkeeping requirements of Section 1202 of the Internal Revenue Code of 1986, as amended (the
“Code”), any regulations promulgated thereunder and any similar state laws and regulations. The
Company further covenants to submit to its shareholders and to state and federal taxation
authorities such form and filings as may be required to document such compliance, if applicable.

          2.10 Termination of Covenants. The covenants set forth in this Section 2
shall terminate as to Investors and be of no further force or effect upon the closing date of a
firm commitment underwritten public offering of the Company’s Common Stock or other equity
securities pursuant to an effective registration statement under the Securities Act of 1933, as
amended (other than a registration statement relating to the sale of securities to employees of the
Company pursuant to its stock option, stock purchase or similar plan); provided, however, that the
covenants set forth in Section 2.1 and 2.2 shall terminate as to Investors and be
of no further force or effect when the Company first becomes subject to the periodic reporting
requirements of Sections 12(g) or 15(d) of the 1934 Act or upon the closing of a Qualified Public
Offering, whichever event shall first occur.

16

 

     3. Miscellaneous.

          3.1 Successors and Assigns. Except as otherwise provided herein, the terms and
conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties (including transferees of any shares of Registrable
Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party
other than the parties hereto or their respective successors and assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided in
this Agreement.

          3.2 Governing Law. This Agreement shall be governed by and construed under the laws
of the State of California as applied to agreements among California residents entered into and to
be performed entirely within California without reference to “Choice of Law” principles.

          3.3 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

          3.4 Titles and Subtitles. The titles and subtitles used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting this Agreement.

          3.5 Notices. Except as may be otherwise provided herein, all notices, requests,
waivers and other communications made pursuant to this Agreement shall be in writing and shall be
conclusively deemed to have been duly given (a) when hand delivered to the other party; (b) when
sent by electronic transmission or facsimile to the address or number, respectively, set forth
below if sent between 12:00 a.m. and 5:00 p.m. recipient’s local time on a business day, or on the
next business day if sent by electronic transmission or facsimile to the address or number,
respectively, set forth below if sent other than between 12:00 a.m. and 5:00 p.m. recipient’s local
time on a business day; (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. Each person making a communication hereunder by electronic transmission
or facsimile shall promptly confirm by telephone to the person to whom such communication was
addressed each communication made by it by electronic transmission or facsimile pursuant
hereto but the absence of such confirmation shall not affect the validity of any such
communication. A party may change or supplement the addresses given above, or designate additional
addresses, for purposes of this Section 3.5 by giving the other party written notice of the new
address in the manner set forth above.

          3.6 Expenses. If any action at law or in equity is necessary to enforce or interpret
the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees,
costs and necessary disbursements in addition to any other relief to which such party may be
entitled.

17

 

          3.7 Amendments and Waivers. Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written consent of the Company
and the holders of at least a majority in interest of the Registrable Securities then outstanding.
Any amendment or waiver effected in accordance with this paragraph shall be binding upon each
holder of any Registrable Securities then outstanding, each future holder of all such Registrable
Securities, and the Company.

          3.8 Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, such provision shall be excluded from this Agreement and the
balance of the Agreement shall be interpreted as if such provision were so excluded and shall be
enforceable in accordance with its terms.

          3.9 Additional Series D Shares. Upon the sale of Additional Series D Shares to
Additional Series D Investors in accordance with the Series D Purchase Agreement, the Company,
without prior action on the part of any Investor, shall require each Additional Series D Investor
to execute and deliver this Agreement. Each such Additional Series D Investor, upon execution and
delivery of this Agreement by the Company and such Additional Series D Investor, shall be deemed an
Investor hereunder, and Schedule A hereto shall automatically be updated to reflect such Investor
as a party hereto.

          3.10 Aggregation of Stock. All shares of Registrable Securities held or acquired by
affiliated entities or persons shall be aggregated together for the purpose of determining the
availability of any rights under this Agreement.

          3.11 Entire Agreement. This Agreement (including the Schedules and Exhibits hereto,
if any) constitutes the full and entire understanding and agreement between the parties with regard
to the subjects hereof and thereof.

          3.12 Amendment and Restatement of Prior Agreement. The Prior Agreement is hereby
amended and superseded in its entirety and restated herein. Such amendment and restatement is
effective upon execution of this Agreement by the Company and the holders of at least a majority in
interest of the Registrable Securities held by the Prior Investors outstanding as of the date of
this Agreement. Upon such execution, all provisions of, rights granted and covenants made in the
Prior Agreement are hereby waived, released and superseded in their
entirety and shall have no further force to effect, including, without limitation, all rights
of first refusal and any notice period associated therewith otherwise applicable to the
transactions contemplated by the Series D Purchase Agreement.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK]

18

 

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

	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 
	 	 	CAVIUM NETWORKS	 	 
	 

	 	By:
	 	/s/ Syed Ali	 	 
	 

	 	 	 	 	 	 
	 	 	Syed Ali, its President	 	 
	 
	 	 	 	 	 	 
	 	 	Address: Cavium Networks	 	 
	 	 	2610 Augustine Drive	 	 
	 	 	Santa Clara, CA 95054	 	 
	 	 	Facsimile: (408) 844-8418	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	FOUNDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	SYED ALI	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Syed Ali	 	 
	 

	 	 	 	 	 	 
	 	 	Syed Ali, an individual	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	E-Mail:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	MUHAMMAD HUSSAIN	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Muhammad Raghib Hussain	 	 
	 

	 	 	 	 	 	 
	 	 	Muhammad Hussain, an individual	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	E-Mail:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	APPLESEED PARTNERS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Muder Kothari	 	 
	 

	 	 	 	 	 	 
	 	 	Muder Kothari, its Managing Member	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	E-Mail:	 	 	 	 
	 

	 	 	 	 	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTORS:

MENLO VENTURES IX, L.P.

MENLO ENTREPRENEURS FUND IX, L.P.

MENLO ENTREPRENEURS FUND IX(A), L.P.

MMEF IX, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	MV Management IX, L.L.C., their General Partner
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John Jarve	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	John Jarve, Managing Member	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	3000 Sand Hill Road, Bldg 4 Suite 100

Menlo Park, CA 94025	 	 
	 
	 	 	 	 	 	 
	 	 	Facsimile: (650) 854-7059	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTORS:

DIAMONDHEAD VENTURES, L.P.

DIAMONDHEAD VENTURES PRINCIPALS FUND, L.P.

DIAMONDHEAD VENTURES ADVISORY FUND, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Diamondhead Management, L.L.C., their General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Raman Khanna	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Raman Khanna, Managing Member	 	 
	 
	 	 	 	 	 	 
	 	 	2200 Sand Hill Road Suite, 110

Menlo Park, CA 94025	 	 
	 
	 	 	 	 	 	 
	 	 	Facsimile: (650) 233-7527	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTORS:

NEOCARTA VENTURES, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	NeoCarta Associates, LLC, its General Partner
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tony Pantuso	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Tony Pantuso, Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	Address: 343 Sansome Street, Suite 525

   San Francisco, CA 94104	 	 
	 
	 	 	 	 	 	 
	 	 	Facsimile:(415) 277-0240	 	 
	 
	 	 	 	 	 	 
	 	 	NEOCARTA SCOUT FUND, L.L.C.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	NeoCarta Associates, LLC, its Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tony Pantuso	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Tony Pantuso, Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	Address: 343 Sansome Street, Suite 525

   San Francisco, CA 94104	 	 
	 
	 	 	 	 	 	 
	 	 	Facsimile: (415) 277-0240	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	THE RAISIN FUND, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ W. Preston Raisin
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	W. Preston Raisin, Fund Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	1 Sansome Street

Citicorp Building, 40th Floor

San Francisco, CA 94104	 	 
	 
	 	 	 	 	 	 
	 

	 	Facsimile:
	 	(415) 772-2977	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:

ALLIANCE VENTURES IV, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Alliance Venture Management, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ V.R. Ranganath
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	V.R. Ranganath, President	 	 
	 
	 	 	 	 	 	 
	 	 	2575 Augustine Drive

Santa Clara, California 95054	 	 
	 
	 	 	 	 	 	 
	 	 	Facsimile: (408) 727-4205	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	ACORN FUND	 	 
	 
	 	 	 	 	 	 
	 	 	By: Williams Jones & Associates	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ William Jones	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	William Jones	 	 
	 
	 

	 	Address:
	 	717 Fifth Avenue, Suite 1700

New York, NY 10022	 	 
	 
	 	 	Phone: (212) 935-8753	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	SCV VENTURE PARTNERS	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sunil William Savks
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Sunil William Savks, General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	Address: 5655 Silver Creek Valley Road, PMB# 304

  San Jose, CA 95138	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	THE CHELLAM FAMILY TRUST DTD 1/28/88	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Kris Chellam	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Kris Chellam	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	SCENIC CAPITAL	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ C. N. Reddy	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	C.N. Reddy	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	JASON INVESTMENTS	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ V. R. Ranganath	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	V.R. Ranganath	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     18916 Congress Junction Court

     Saratoga, CA 95070	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	SOLAR VENTURE PARTNERS, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ V. R. Ranganath	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	V.R. Ranganath	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     3561 Homestead Rd,, Ste 532

     Santa Clara, CA 95051	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	EM Navigator Global Master Fund, (“SPC”), 

 Ltd-Galleon Crossover Fund	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Raj Rajaratnam	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Raj Rajaratnam	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     135 East 57th Street, 16th Fl

     New York, NY 10022	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	GOLD HILL VENTURE LENDING 03, L.P.	 	 
	 

	 	By:
	 	Gold Hill Venture Lending Partners 03,

LLC, General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rob Helm	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Rob Helm	 	 
	 

	 	 	 	Principal	 	 
	 

	 	 	 	Gold Hill Capital	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	      Gold Hill Venture Lending Partners

     One Almaden Blvd., Suite 630

     San Jose, CA 95113	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	SVB FINANCIAL GROUP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Norman Cutler	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Norman Cutler, Derivatives Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	REMBRANDT VENTURE PARTNERS II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gregory F. Eaton	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gregory F. Eaton, General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     2200 Sand Hill Road, Suite 160

     Menlo Park, CA 94025	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	Joseph Charles Krauskopf Separate Property  

Trust DTD 12/29/2004	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph C. Krauskopf	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Joseph C. Krauskopf	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:
	 	Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     1 Meadowcreek CT

     Portola Valley, CA 94028-8070	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 	 	Michael A. and Lynn A. Aymar 1991 Family  Trust	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael A. Aymar	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Michael A. Aymar, Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     114 Alerche Drive

     Los Gatos, CA 95032	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	INVESTOR:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Young-Joon Kim	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Young-Joon Kim	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	     43696 Southerland Way

     Fremont, CA 94539	 	 

[SIGNATURE PAGE FOR THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT]

 

 

SCHEDULE A-1

SCHEDULE OF INVESTORS

Alliance Ventures III, LP

Alliance Ventures IV, LP

Appleseed Partners, LLC

Beachhead Capital I, L.P.

Benjamin Vong

China Development Industrial Bank Inc.

Convergence Tech Venture, Ltd.

David Carlson

Diamondhead Ventures Advisory Fund, L.P.

Diamondhead Ventures Principals Fund, L.P.

Diamondhead Ventures, L.P.

Galaxy Venture Partners III, LLC

Hunaid Mahesri

Menlo Entrepreneurs Fund IX(A), L.P.

Menlo Entrepreneurs Fund IX, L.P.

Menlo Ventures IX, L.P.

MMEF IX, L.P.

MoFo 2001 LP

MOFO PAC Partners

NeoCarta Scout Fund, L.L.C.

NeoCarta Ventures, L.P.

NTT Leasing Capital (U.S.A.), Inc.

Sanjeev Sardana

SCV Venture Partners

Sethuram Family Trust

Solar Venture Partners, LP

Stephen T. Kent

Surya Panditi

The Raisin Fund, LLC

WJA Acorn Fund

Yasuo Hatsumi

 

 

SCHEDULE A-2

SCHEDULE OF INVESTORS

Alliance Ventures III, LP

Alliance Ventures IV, LP

Appleseed Partners, LLC

Beachhead Capital I, L.P.

Benjamin Vong

China Development Industrial Bank Inc.

Convergence Tech Venture, Ltd.

David Carlson

Diamondhead Ventures Advisory Fund, L.P.

Diamondhead Ventures Principals Fund, L.P.

Diamondhead Ventures, L.P.

Galaxy Venture Partners III, LLC

Hunaid Mahesri

Menlo Entrepreneurs Fund IX(A), L.P.

Menlo Entrepreneurs Fund IX, L.P.

Menlo Ventures IX, L.P.

MMEF IX, L.P.

MoFo 2001 LP

MOFO PAC Partners

NeoCarta Scout Fund, L.L.C.

NeoCarta Ventures, L.P.

NTT Leasing Capital (U.S.A.), Inc.

Rembrandt Venture Partners II, L.P.

Sanjeev Sardana

SCV Venture Partners

Sethuram Family Trust

Solar Venture Partners, LP

Stephen T. Kent

Surya Panditi

The Raisin Fund, LLC

WJA Acorn Fund

Yasuo Hatsumi

 

 

AMENDMENT TO

THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT

This Amendment to Third Amended and Restated Investors’ Rights Agreement (this “Amendment to
Investor Rights Agreement”) is made and entered into as of October 25, 2005, by and among Cavium
Networks, a California corporation (the “Company”), the holders of a majority of the Company’s
outstanding Registrable Securities (as defined in that certain Third Amended and Restated
Investors’ Rights Agreement, dated December 8, 2004, by and among the Company and the persons
listed on Schedule A thereto (the “Investor Rights Agreement”)) and the parties listed on Exhibit A
hereto (the “New Investors”). Any capitalized term not otherwise defined herein shall have the
meaning given to it in the Investor Rights Agreement.

     Whereas, the parties hereto wish to amend the Investor Rights Agreement in
conjunction with the issuance and delivery of those certain Warrants to Purchase Stock (the
“Warrants”), dated as of October 6, 2005, issued in conjunction with the establishment of the
certain lines of credit for the Company (the “Credit Lines”) in order to add the New Investors as
parties to the Investor Rights Agreement and to deem the Common Stock issuable upon conversion of
the Series D Preferred Stock for which the Warrants are exercisable (the “Shares”) Registrable
Securities for purposes of certain subsections of Section 1 of the Investor Rights Agreement;

     Whereas, Section 3.7 of the Investor Rights Agreement provides that the Investor
Rights Agreement may be amended or modified upon the written consent of the Company and the holders
of a majority in interest of the Registrable Securities then outstanding;

     Whereas, the parties hereto hold a majority in interest of the Registrable Securities
outstanding as of the date hereof.

     Now, Therefore, 
the parties hereto agree and give their consent as follows:

1. Amendments Related to Bridge Financing.

     a. New Investors . Upon the establishment of the Credit Lines and the issuance of the
Warrants, the New Investors shall become parties to the Investor Rights Agreement as Holders (as
defined in Section 1.1 of the Investor Rights Agreement) for purposes of Sections 1 (excluding
Section 1.2) and 3 of the Investor Rights Agreement.

     b. Definition of Registrable Securities. For purposes of Section 1 (excluding Section 1.2)
and Section 3 of the Investor Rights Agreement, the Shares shall be deemed Registrable Securities.

2.
Certain registrations. The Company agrees that any registration by the Company
pursuant to Section 1.2 of the Investor Rights Agreement shall constitute a registration for which
the Company shall give the New Investors notice and the opportunity to participate under, and in
accordance with the provisions of, Section 1.3 of the Investor Rights Agreement.

1

 

3.
No Further Changes. Except as is specifically provided herein, this Amendment
to Investor Rights Agreement shall not be deemed to amend, modify or waive any provision of the
Investor Rights Agreement. The Investor Rights Agreement, as modified herein, is in all respects
ratified and confirmed, and the terms, covenants and agreements therein, as amended by this
Amendment to Investor Rights Agreement, shall remain in full force and effect.

4. Counterparts. This Amendment to Investor Rights Agreement may be executed in
any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

5. Governing Law. This Amendment to Investor Rights Agreement shall be governed
by and construed under the laws of the State of California as applied to agreements among
California residents entered into and to be performed entirely within California.

[Remainder of this page intentionally left blank.]

2

 

     In Witness Whereof, the undersigned have caused this Amendment to Investor Rights
Agreement to be executed effective as of the date first written above.

THE COMPANY:

CAVIUM NETWORKS

	 	 	 	 	 
	By:

	 	/s/ Arthur Chadwick	 	 
	Name:

	 	Arthur Chadwick
	 	 
	Title:

	 	VP Finance, CFO	 	 

HOLDERS OF REGISTRABLE SECURITIES:

NeoCarta Ventures, L.P.

	 	 	 	 	 
	By

	 	/s/ Tony J. Pantuso	 	 
	Its

	 	M.P.
	 	 

Shares of Registrable Securities Held:

2,809,938

NeoCarta Scout Fund, L.L.C.

	 	 	 	 	 
	By

	 	/s/ Tony J. Pantuso	 	 
	Its

	 	M.P.	 	 

Shares of Registrable Securities Held:

312,214

Menlo Entrepreneurs Fund IX(A), L.P.

BY: MV MANAGEMENT IX, L.L.C

      Its General Partner

	 	 	 	 	 
	By

	 	/s/ John Jarve
 

	 	 

Shares of Registrable Securities Held: 69,022

Menlo Entrepreneurs Fund IX, L.P.

BY: MV MANAGEMENT IX, L.L.C

      Its General Partner

	 	 	 	 	 
	By

	 	/s/ John Jarve
 

	 	 

Shares of Registrable Securities Held: 569,434

3

 

Menlo Ventures IX, L.P.

BY: MV MANAGEMENT IX, L.L.C

     Its General Partner

	 	 	 	 	 
	By

	 	/s/ John Jarve
 

	 	 

Shares of Registrable Securities Held: 17,255,578

Alliance Ventures III, L.P.

By Alliance Venture Management, LLC

	 	 	 	 	 
	By

	 	/s/ VR Ranganath	 	 
	Its

	 	President
	 	 

Shares of Registrable Securities Held: 555,555

Alliance Ventures IV, L.P.

By Alliance Venture Management, LLC

	 	 	 	 	 
	By

	 	/s/ VR Ranganath	 	 
	Its

	 	President
	 	 

Shares of Registrable Securities Held: 8,077,722

NEW INVESTORS:

	 	 	 
	SILICON
VALLEY BANK
	 	GOLD HILL VENTURE LENDING 03, L.P.

	 	 	 	 	 
	 

	 	By:	 	Gold Hill Venture Lending
	 

	 	 	 	Partners 03, LLC, its general
	 

	 	 	 	partner

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	By:

	 	Chitra Suriyanarayanan
	 	 	 	By:
	 	/s/ Tim Waterson
	 

	 	 
	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:
	 	Tim Waterson
	Title:

	 	Relationship Manager
	 	 	 	Title:
	 	Partner, Gold Hill Venture Lending

4

 

Exhibit A

New Investors

Silicon Valley Bank

Gold Hill Venture Lending 03, L.P.

5

 

Exhibit 4.3

AMENDMENT TO THE

THIRD AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT AND WAIVER

     This Amendment to the Third Amended and Restated Investors’ Rights Agreement and Waiver (this
“Amendment and Waiver”) is made and entered into as of August 9, 2006, by and among Cavium
Networks, a California corporation (the “Company”) and the holders of a majority of the Company’s
outstanding Registrable Securities (as defined in that certain Third Amended and Restated
Investors’ Rights Agreement, dated December 8, 2004, as amended, by and among the Company and the
persons listed on Schedule A thereto (the “Investor Rights Agreement”)). Any capitalized term not
otherwise defined herein shall have the meaning given to it in the Investor Rights Agreement.

     Whereas, the parties hereto wish to amend the Investor Rights Agreement in connection
with additional issuances by the Company of the Company’s Series D Preferred Stock (the “Series D
Preferred Stock”) pursuant to that certain Series D Preferred Stock Purchase Agreement to be
executed by the Company and certain investors on or about the date hereof (the “Purchase
Agreement”);

     Whereas, pursuant to Section 2.3 of the Investor Rights Agreement each Major Investor
(as defined in the Investor Rights Agreement) has a right of first offer with respect to purchasing
its pro rata share of all Shares (as defined in the Investor Rights Agreement) that the Company
may, from time to time, propose to sell and issue after the date of the Investor Rights Agreement
(the “Right of First Offer”);

     Whereas, the parties hereto wish to waive the Right of First Offer, in conjunction
with the Purchase Agreement;

     Whereas, Section 3.7 of the Investor Rights Agreement provides that the Investor
Rights Agreement may be amended and the observance of any term of the Investor Rights Agreement may
be waived upon the written consent of the Company and the holders of a majority in interest of the
Registrable Securities then outstanding;

     Whereas, the parties hereto hold a majority in interest of the Registrable Securities
outstanding as of the date hereof.

     Now, Therefore, in consideration of the mutual covenants hereinafter set
forth, the parties hereto agree and give their consent as follows:

	1. Section 3.9. Section 3.9 is hereby amended and restated in its entirety as
follows:

“Additional Series D Preferred Stock Purchasers. If the Company shall issue
additional shares of its Series D Preferred Stock, any purchaser of such shares of
Series D Preferred Stock may, at the Company’s discretion, become a party to this
Agreement by executing and delivering an additional counterpart signature page to
this Agreement, shall be deemed an “Investor” and a party hereunder, and
Schedule A hereto shall automatically be updated to reflect such purchaser
as a party hereto. ”

 

 

2. Waiver of Right of First Offer. Pursuant to Section 3.7 of the Investor
Rights Agreement, the undersigned hereby unconditionally waives the Right of First Offer and any
right to notice with respect thereto with respect to the issuance of the Series D Preferred Stock
pursuant to the Purchase Agreement.

3. No Further Changes. Except as is specifically provided herein, this Amendment
and Waiver shall not be deemed to amend, modify or waive any provision of the Investor Rights
Agreement. The Investor Rights Agreement, as modified herein, is in all respects ratified and
confirmed, and the terms, covenants and agreements therein, as amended by this Amendment and
Waiver, shall remain in full force and effect.

4. Counterparts. This Amendment and Waiver may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

5. Governing Law. This Amendment and Waiver shall be governed by and construed
under the laws of the State of California as applied to agreements among California residents
entered into and to be performed entirely within California.

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

THE COMPANY:

CAVIUM NETWORKS

	 	 	 	 	 
	By:

	 	/s/ Arthur Chadwick
 

Arthur Chadwick,
	 	 
	 

	 	its Vice President of Finance &	 	 
	 

	 	Administration and Chief Financial Officer	 	 
	 
	 	 	 	 
	 

	 	Address: Cavium Networks	 	 
	 

	 	805 East Middlefield Road	 	 
	 

	 	Mountain View, CA 94043	 	 
	 

	 	Facsimile: (650) 625-9751	 	 
	 

	 	E-Mail: 	 	 

 

 

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

HOLDERS OF REGISTRABLE SECURITIES:

NEOCARTA VENTURES, L.P.

	 	 	 	 	 
	By:

	 	NeoCarta Associates, LLC, its General Partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Tony Pantuso
 

Tony Pantuso, Managing Director
	 	 
	 
	 	 	 	 
	Address:

	 	343 Sansome Street, Suite 525	 	 
	 

	 	San Francisco, CA 94104	 	 

Facsimile:(415) 277-0240

E-Mail:

	 	 	 	 	 
	NEOCARTA SCOUT FUND, L.L.C.	 	 
	 
	 	 	 	 
	By:

	 	NeoCarta Associates, LLC, its Manager	 	 
	 
	 	 	 	 
	By:

	 	/s/ Tony Pantuso
 

Tony Pantuso, Managing Director
	 	 
	 
	 	 	 	 
	Address:

	 	343 Sansome Street, Suite 525	 	 
	 

	 	San Francisco, CA 94104	 	 

Facsimile: (415) 277-0240

E-Mail:

 

 

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

HOLDERS OF REGISTRABLE SECURITIES:

MENLO VENTURES IX, L.P.

MENLO ENTREPRENEURS FUND IX, L.P.

MENLO ENTREPRENEURS FUND IX(A), L.P.

MMEF IX, L.P.

	 	 	 	 	 
	By:

	 	MV Management IX, L.L.C., their General Partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ John Jarve
 

John Jarve, Managing Member
	 	 
	 
	 	 	 	 
	Address:

	 	3000 Sand Hill Road, Bldg 4 Suite 100	 	 
	 

	 	Menlo Park, CA 94025	 	 

Facsimile: (650) 854-7059

E-Mail:

 

 

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

HOLDERS OF REGISTRABLE SECURITIES:

ALLIANCE VENTURES III, LP

By: Alliance Venture Management, LLC

	 	 	 	 	 
	By

	 	/s/ VR Ranganath
 

V.R. Ranganath, President
	 	 

Address: 2575 Augustine Drive

                 Santa Clara, CA 95054

Facsimile:          (408) 727-4205

E-mail:

	 	 	 	 	 
	ALLIANCE VENTURES IV, LP	 	 
	 
	 	 	 	 
	By

	 	/s/ VR Ranganath
 

V.R. Ranganath, President
	 	 

Address: 2575 Augustine Drive

                 Santa Clara, CA 95054

Facsimile:           (408) 727-4205

E-mail:

 

 

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

HOLDERS OF REGISTRABLE SECURITIES:

DIAMONDHEAD VENTURES, L.P.

DIAMONDHEAD VENTURES PRINCIPALS FUND, L.P.

DIAMONDHEAD VENTURES ADVISORY FUND, L.P.

By: Diamondhead Management, L.L.C., their General Partner

	 	 	 	 	 
	By:

	 	/s/ Raman Khanna
 

Raman Khanna, Managing Member
	 	 

2200 Sand Hill Road, Suite 110

Menlo Park, CA 94025

Facsimile: (650) 233-7527

E-Mail:

 

 

     In Witness Whereof, the undersigned have caused this Amendment and Waiver to be
executed effective as of the date first written above.

HOLDERS OF REGISTRABLE SECURITIES:

SYED ALI

	 	 	 	 	 
	By:

	 	   /s/ Syed Ali
 

Syed Ali, an individual
	 	 

Address:                                        

Facsimile:                                        

E-Mail:                                        

MUHAMMAD HUSSAIN

	 	 	 	 	 
	By:

	 	/s/ Muhammad Raghib Hussain
 

Muhammad Hussain, an individual
	 	 

Address:                                          

Facsimile:                                        

E-Mail:                                            

The Kothari Living Trust

	 	 	 	 	 
	By:

	 	/s/ Muder Kothari
 

Muder Kothari, Co-Trustee
	 	 

	 	 	 	 	 
	By:

	 	/s/ Yasmeen Kothari
 

Yasmeen Kothari, Co-Trustee
	 	 

Address:

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