Document:

EX-10.1

    EXHIBIT
      10.1

    
 

    AMENDMENT
      No. 5

     

    Dated
      as of August 20, 2007

     

    to

     

    RECEIVABLES
      PURCHASE AGREEMENT

     

    Dated
      as of June 26, 1998

     

    This
      AMENDMENT NO. 5 (this “Amendment”)
      dated
      as of August 20, 2007 is entered into among PILGRIM’S PRIDE FUNDING CORPORATION
      (“Seller”),
      PILGRIM’S PRIDE CORPORATION (“Pilgrim’s
      Pride”)
      as
      initial Servicer, FAIRWAY FINANCE COMPANY, LLC (as successor to Fairway Finance
      Corporation) (“Purchaser”)
      and
      BMO CAPITAL MARKETS CORP. (as successor to Harris Nesbitt Corp. (f/k/a BMO
      Nesbitt Burns Corp.)), as agent for the Purchaser (in such capacity, together
      with its successors and assigns, the “Agent”).

     

    RECITALS

     

    WHEREAS,
      the parties hereto have entered into a certain Receivables Purchase Agreement
      dated as of June 26, 1998 (as amended through the date hereof, the “Agreement”);

     

    WHEREAS,
      in order to make the most efficient use of the financing facility contemplated
      by the Agreement and the other Transaction Documents, the Seller has requested
      the Purchaser and the Agent to agree to certain amendments and/or modifications
      to such facility as described herein for various purposes;

     

    WHEREAS,
      the Purchaser and the Agent are willing to agree to such amendments solely
      on
      the terms and subject to the conditions set forth herein;

     

    NOW,
      THEREFORE, in consideration of the promises and the mutual agreements contained
      herein and in the Agreement, the parties hereto agree as follows:

     

    SECTION
      1.  Definitions.
      All
      capitalized terms used, but not otherwise defined, herein shall have the
      respective meanings for such terms set forth in Exhibit
      I
      to the
      Agreement.

     

    SECTION
      2.  Amendments
      to the Agreement.
      The
      Agreement is hereby amended as follows:

     

    2.1.  The
      definition of “Change in Control” is hereby amended and restated in its entirety
      as follows:

     

    “Change
      of Control” means
      the
      occurrence of any of the following:

     

    (i) the
      direct or indirect sale, transfer, conveyance or other disposition (other than
      by way of merger or consolidation), in one or a series of related transactions,
      of all or substantially all of the properties or assets of Pilgrim’s Pride and
      its subsidiaries taken as a whole to any “person” or “group” (as such terms are
      used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended)
      other than a subsidiary of Pilgrim’s Pride;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii) any
      “person” or “group” (as such terms are used in Section 13(d)(3) of the
      Securities Exchange Act of 1934, as amended), other than the Pilgrim Family,
      becomes the ultimate “beneficial owner,” as defined in Rule 13d-3 under the
      Securities Exchange Act of 1934, as amended, of more than 50% of the total
      voting power of the Voting Stock of Pilgrim's Pride on a fully-diluted
      basis;

     

    (iii) the
      adoption of a plan relating to the liquidation or dissolution of Pilgrim’s
      Pride;

     

    (iv) the
      consummation of any transaction (including, without limitation, any merger,
      consolidation or recapitalization) to which Pilgrim’s Pride is a party the
      result of which is that, immediately after such transaction, the holders of
      all
      of the outstanding Voting Stock of Pilgrim’s Pride immediately prior to such
      transaction hold less than 50.1% of the Voting Stock of the Person surviving
      such transaction, measured by voting power rather than number of
      shares;

     

    (v) the
      first
      day on which a majority of the members of the Board of Directors of Pilgrim’s
      Pride are not Continuing Directors; or

     

    (vi) Pilgrim’
      Pride ceases to own at least 100% of the outstanding capital stock of the
      Seller.

     

    For
      purposes of this definition:

     

    “Continuing
      Directors”
means,
      as of any date of determination, any member of the board of directors of
      Pilgrim's Pride who:

     

    (i) was
      a
      member of such board of directors on the date hereof; or

     

    (ii) was
      nominated for election or elected to such board of directors with the approval
      of a majority of the Continuing Directors who were members of such board at
      the
      time of such nomination or election.

     

    “Pilgrim
      Family”
means
      Lonnie A. “Bo” Pilgrim, his spouse, his issue, his estate and any trust,
      partnership or other entity primarily for the benefit of him, his spouse and/or
      issue, including any direct or indirect trustee, managing partner or such other
      Person serving a similar function.

     

    “Voting
      Stock”
of
      any
      Person as of any date means the capital stock of such Person that is at the
      time
      entitled to vote in the election of the Board of Directors of such
      Person.

     

    1.1.  Clause
      (i)
      of the
      definition of “Defaulted Receivable” set forth in Exhibit
      I
      to the
      Agreement is hereby amended and restated in its entirety as
      follows:

     

    (i) as
      to
      which any payment, or part thereof, remains unpaid for 91 days or more from
      the
      invoice date for such Receivable;

     

    1.2.  Clause
      (i)
      of the
      definition of “Delinquent Receivable” set forth in Exhibit
      I
      to the
      Agreement is hereby amended and restated in its entirety as
      follows:

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

      (i) as
        to
        which any payment, or part thereof, remains unpaid for 61 days or more from
        the
        invoice date for such Receivable; or

       

      1.1.  Clause
        (viii)
        of the
        definition of “Eligible Receivables” set forth in Exhibit
        I
        to the
        Agreement is hereby amended and restated in its entirety as
        follows:

       

      (viii) which
        arise from the sale and delivery of goods or services (other than the sale
        and
        delivery of turkey and turkey related products directly to third-party customers
        from any Excluded Turkey Plant) in the ordinary course of the applicable
        Originator’s (including the applicable Transferor’s) business; provided that
        Receivables that existed on or about August 15, 2007 that were originated
        by
        Pilgrim’s Pride Corporation of Georgia, Inc. (as successor by merger to Gold
        Kist Inc.) that would otherwise constitute “Eligible Receivables” but for this
        clause (viii) shall be “Eligible Receivables”;

       

      1.2.  The
        definition of “Excluded Turkey Plants” set forth in Exhibit
        I
        to the
        Agreement is hereby amended and restated in its entirety as
        follows:

       

      “Excluded
        Turkey Plant”
means,
        solely the production and turkey processing plant of Pilgrim’s Pride or any of
        its Affiliates designated by it as “New Oxford Pennsylvania” which relates to a
        portion (but not all) of Pilgrim’s Pride’s business in respect of turkey and/or
        turkey related products.

       

      1.3.  Clause
        (a)
        of the
        definition of “Facility Termination Date” set forth in Exhibit
        I
        to the
        Agreement is hereby amended by replacing the reference to “June 26, 2008” with a
        reference to “August 20, 2012”.

       

      1.4.  The
        definition of “Normal Concentration Percentage” set forth in Exhibit
        I
        to the
        Agreement is hereby amended in its entirety as follows:

       

      “Normal
        Concentration Percentage”
means,
        at any time, (a) for any Obligor that is not a Special Obligor or Wal-Mart,
        3%;
        (b) for any Obligor that is a Special Obligor, (i) if such Special Obligor
        is
        rated A+ or better by S&P and A1 or better by Moody’s, 12% or (ii) if such
        Special Obligor is not so rated but is rated at least BBB- by S&P and Baa3
        by Moody’s, 6%; or (c) for any Obligor that is Wal-Mart, (i) if Wal-Mart is
        rated AA or better by S&P and Aa2 or better by Moody’s, 18%, or (ii) if
        Wal-Mart is not so rated but is rated at least AA- by S&P and Aa3 by
        Moody’s, 15% or (iii) if Wal-Mart is rated A+ or lower by S&P and A1 or
        lower by Moody’s, the applicable percentage shall be as set forth for Obligors
        and Special Obligors in this definition. If the ratings from S&P and Moody’s
        fall within different categories, the Normal Concentration Percentage shall
        be
        based on the category in which the lower of the two ratings falls. If any
        Obligor is rated only by S&P or only by Moody’s, the Normal Concentration
        Percentage shall be based on the rating by such Rating Agency without regard
        to
        a rating by any other Rating Agency.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

        1.1.  The
          definition of “Purchase Limit” set forth in Exhibit
          I
          to the
          Agreement is hereby amended by replacing the amount “$125,000,000” with the
          amount “$300,000,000” therein.

         

        1.2.  The
          definition of “Transferor” set forth in Exhibit
          I
          to the
          Agreement is hereby amended and restated in its entirety as
          follows:

         

        “Transferor”
means,
          each Affiliate of Pilgrim’s Pride, from time to time party to a Purchase
          Agreement, as a seller or transferor thereunder. As of the date hereof
          such
          Transferors shall include only the following entities: each of Pilgrim’s Pride
          Corporation of West Virginia, Inc. and PFS Distribution Company.

         

        1.3.  The
          following definition is hereby added to Exhibit
          I
          to the
          Agreement in the appropriate alphabetical order:

         

        “Wal-Mart”
means
          Wal-Mart Stores, Inc., a Delaware corporation, and its
          subsidiaries.

         

        1.4.  Clause
          (e)
          of
Exhibit
          V
          to the
          Agreement is hereby amended by deleting the reference to the amount “$5,000,000”
therein with the amount “$20,000,000” therefor.

         

        SECTION
          2.  Representations
          and Warranties.
          Each of
          the Seller and the Servicer hereby represents and warrants to the Purchaser
          and
          the Agent that the representations and warranties of such Person contained
          in
Exhibit
          III
          to the
          Agreement are true and correct as of the date hereof (unless stated to
          relate
          solely to an earlier date, in which case such representations and warranties
          were true and correct as of such earlier date), and that as of the date
          hereof,
          no Termination Event or Unmatured Termination Event has occurred and is
          continuing or will result from this Amendment.

         

        SECTION
          3.  Effect
          of Amendment.
          (a)
          All
          provisions of the Agreement, as expressly amended and modified by this
          Amendment, shall remain in full force and effect and are hereby ratified
          and
          confirmed in all respects. After this Amendment becomes effective, all
          references in the Agreement (or in any other Transaction Document) to “this
          Agreement”, “hereof”, “herein” or words of similar effect referring to the
          Agreement shall be deemed to be references to the Agreement as amended
          by this
          Amendment. This Amendment shall not be deemed, either expressly or impliedly,
          to
          waive, amend or supplement any provision of the Agreement other than as
          set
          forth herein.

         

        (b)  Notwithstanding
          anything in the Agreement or any other Transaction Document to the contrary,
          each of the parties hereto, hereby consents and agrees to the amendments
          contemplated hereby and that all of the provisions in the Agreement, the
          Purchase and Contribution Agreement, the Purchase and Sale Agreement and
          the
          other Transaction Documents shall be interpreted so as to give effect to
          the
          intent of the parties hereto as set forth in this Amendment.

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

        

          SECTION
            1.  Effectiveness.
            This
            Amendment shall become effective as of the date hereof upon receipt by
            the Agent
            of the following (each, in form and substance satisfactory to the
            Agent):

           

          (a)  Counterparts
            of this Amendment (whether by facsimile or otherwise) executed by each
            of the
            parties hereto;

           

          (b)  Completed
            UCC requests for information, dated on or before the date hereof listing
            all
            effective financing statements filed in any applicable UCC jurisdictions
            that
            name Pilgrim’s Pride of Georgia, Inc. or PFS Distribution Company as debtor or
            seller, together with copies of such other financing statements (none
            of which
            shall cover any Receivables, Contracts or Related Security);

           

          (c)  Favorable
            opinions of Baker & McKenzie, LLP, counsel for the Seller, Pilgrim’s Pride
            and the Transferors, in form and substance acceptable to the Agent and
            as to
            such corporate and enforceability and other matters as the Agent may
            reasonably
            request; 

           

          (d)  Favorable
            opinions of Baker & McKenzie, LLP, counsel for the Seller, Pilgrim’s Pride
            and the Transferors, in form and substance acceptable to the Agent and
            as to
            such UCC and perfection and other matters as the Agent may reasonably
            request;
            and

           

          (e)  Such
            other documents, resolutions, certificates, agreements and opinions as
            the Agent
            may reasonably request in connection herewith.

           

          SECTION
            2.  Counterparts.
            This
            Amendment may be executed in any number of counterparts and by different
            parties
            on separate counterparts, each of which when so executed shall be deemed
            to be
            an original and all of which when taken together shall constitute but
            one and
            the same instrument.

           

          SECTION
            3.  Governing
            Law.
            This
            Amendment, including the rights and duties of the parties hereto, shall
            be
            governed by, and construed in accordance with, the laws of the State
            of Texas
            (without giving effect to the conflict of laws principles thereof).

           

          SECTION
            4.  Section
            Headings.
            The
            various headings of this Amendment are included for convenience only
            and shall
            not affect the meaning or interpretation of this Amendment, the Agreement
            or any
            provision hereof or thereof.

           

          (continued
            on following page)

        

        
          
             

          

          
            5

            
              

            

          

          
             

          

        

      

    

    IN
      WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
      respective officers thereunto duly authorized as of the date first above
      written.

     

    PILGRIM’S
      PRIDE FUNDING CORPORATION,

    as
      Seller

    

    

    By:
      /s/
      Richard A. Cogdill

    Name:
      Richard A. Cogdill

    Title:
      Vice President, Chief Financial Officer, 

    Treasurer
      and Secretary

    

    

    

    PILGRIM’S
      PRIDE CORPORATION,

    as
      initial Servicer

    

    

    By:
      /s/
      Richard A. Cogdill

    Name:
      Richard A. Cogdill

    Title:
      Vice President, Treasurer and Secretary

    

    

    

    FAIRWAY
      FINANCE COMPANY, LLC,

    as
      Purchaser

    

    

    By:/s/
      Orlando Figueroa

    Name:
      Orlando Figueroa

    Title:
      President

    

    

    

    BMO
      CAPITAL MARKETS CORP.,

    as
      Agent

    

    

    By:/s/
      Brian Zaban

    Name:
      Brian Zaban

    Title:
      Managing Director

    
      
         

      

      
        S-1                                                                                                                         
          Amedment No. 5 to RPAexv4w2

 

 Exhibit
4.2

FOURTH AMENDED AND RESTATED

INVESTORS’ RIGHTS AGREEMENT

     This Fourth Amended and Restated Investors’ Rights Agreement (the “Agreement”) is made as of
November 23, 2005, by and among Sonics, Inc., a Delaware corporation (the “Company”), the
purchasers of the Company’s Series A Preferred Stock, Series B Preferred Stock and Series C
Preferred Stock named in Exhibit A attached hereto (each, a “Prior Investor” and, collectively, the
“Prior Investors”), and the purchasers of the Company’s Series D Preferred Stock named in Exhibit B
attached hereto (the “Series D Investors” and, collectively with the Prior Investors, the
“Investors”), all of whom are signatories to this Agreement.

R E C I T A L S

     A. The Prior Investors and the Company are parties to the Third Amended and Restated
Investors’ Rights Agreement dated as of December 21, 2001, as amended by that certain Amendment No.
1 to the Third Amended and Restated Investors’ Rights Agreement, dated as of March 1, 2002, as
amended by that certain Amendment No. 2 to the Third Amended and Restated Investors’ Rights
Agreement, dated as of March 14, 2004 (collectively, the “Amended and Restated Investors’ Rights
Agreement”) which provides for certain registration rights and informational rights for holders of
Registrable Securities as set forth therein.

     B. The Company is contemplating the offering to the Series D Investors of up to Ten Million
Seven Hundred Sixty-Eight Thousand Seven Hundred Fifty (10,768,750) shares of its Series D
Preferred Stock and Five Million Two Hundred Thousand (5,200,000) warrants to purchase Series D
Preferred Stock pursuant to that certain Series D Preferred Stock And Warrant Purchase Agreement
dated as of the date hereof (the “Stock Purchase Agreement”). 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 Stock Purchase
Agreement.

     C. The Company and the Investors wish to enter into this Agreement to amend and supersede
the Amended and Restated Investors’ Rights Agreement.

     NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth
and in the Stock Purchase Agreement, all parties hereto agree as follows:

     1. Certain Definitions. All capitalized terms used and not otherwise defined herein shall
have the meanings given them in the Stock Purchase Agreement. As used in this Agreement, the
following terms shall have the following respective meanings:

     “Affiliated Fund” shall mean an affiliated fund or entity of the Holder, which means with
respect to a limited liability company or a limited liability partnership or business trust, a fund
or entity managed or advised by the same manager or managing member, general partner or

 

 

management company, or investment advisor or by an entity controlling, controlled by, or under
common control with such manager or managing member, general partner or management company, or
investment advisor.

     “Commission” shall mean the Securities and Exchange Commission or any other federal agency at
the time administering the Securities Act.

     “Common Stock” shall mean the common stock of the Company having a par value of $.001 per
share.

     “Conversion Stock” shall mean the Common Stock issued or issuable pursuant to conversion of
the Preferred Stock or exercise of the Warrants (as defined in the Stock Purchase Agreement).

     “Holder” shall mean (i) the Investors holding Registrable Securities, and (ii) any person
holding Registrable Securities to whom the rights under this Agreement have been transferred in
accordance with Section 2.10 hereof.

     “Initiating Holders” shall mean any Holders who in the aggregate hold a majority of the
Registrable Securities then outstanding.

     “Preferred Stock” shall mean the Series A, Series B, Series C and Series D Preferred Stock and
warrants or other securities exercisable or convertible, directly or indirectly, into Series A,
Series B, Series C or Series D Preferred Stock of the Company.

     “Registrable Securities” shall mean the Conversion Stock and any Common Stock of the Company
issued or issuable in respect of the Conversion Stock upon any stock split, dividend,
recapitalization, or similar event, or any Common Stock otherwise issuable with respect to the
Conversion Stock and any other equity securities of the Company acquired by holders of the
Conversion Stock; provided, however, that shares of Conversion Stock or other securities shall only
be treated as Registrable Securities if and so long as they have not been (a) sold to or through a
broker or dealer or underwriter in a public distribution or a public securities transaction, or (b)
sold in a single transaction exempt from the registration and prospectus delivery requirements of
the Securities Act, so that all transfer restrictions and restrictive legends with respect thereto
are removed prior to any such sale.

     The terms “register,” “registered” and “registration” refer to a registration effected by
preparing and filing a registration statement in compliance with the Securities Act, and the
declaration or ordering of the effectiveness of such registration statement.

     “Registration Expenses” shall mean all expenses, except as otherwise stated below, incurred by
the Company in complying with Sections 2.1, 2.2 and 2.3 hereof, including, without limitation, all
registration, qualification and filing fees, printing expenses, escrow fees, fees and disbursements
of counsel for the Company, blue sky fees and expenses, the expense of any special audits incident
to or required by any such registration (but excluding the compensation of regular employees of the
Company, which shall be paid in any event by the Company) and the fees and disbursements of one
counsel for all Holders selected by the Company.

 

 

     “Securities Act” shall mean the Securities Act of 1933, as amended, or any similar federal
statute and the rules and regulations of the Commission thereunder, all as the same shall be in
effect at the time.

     “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock
transfer taxes applicable to the securities registered by the Holders and, except as set forth
under “Registration Expenses,” all fees and disbursements of counsel for any Holder.

     2. Registration.

          2.1 Demand Registration.

               (a) Demand for Registration. In case the Company shall receive from Initiating
Holders a written request that the Company effect any registration, qualification or compliance
with respect to not less than fifty percent (50%) of the Registrable Securities then outstanding or
any lesser number of shares, but in no event less than twenty-five percent (25%) of the Registrable
Securities then outstanding, if the anticipated aggregate offering price, net of underwriting
discounts and commissions, would exceed five million dollars ($5,000,000), the Company will:

                    (i) within ten (10) days of receipt thereof give written notice of the proposed registration,
qualification or compliance to all other Holders; and

                    (ii) use its best efforts to effect as soon as practicable, and in any event within sixty (60)
days of the receipt of such request, such registration, qualification or compliance (including,
without limitation, appropriate qualification under applicable blue sky or other state securities
laws and appropriate compliance with applicable regulations issued under the Securities Act and any
other governmental requirements or regulations) as may be so requested and as would permit or
facilitate the sale and distribution of all or such portion of such Registrable Securities as are
specified in such request, together with all or such portion of the Registrable Securities of any
Holder or Holders joining in such request as are specified in a written request received by the
Company within twenty (20) days after receipt of such written notice from the Company; provided,
however, that the Company shall not be obligated to take any action to effect any such
registration, qualification or compliance pursuant to this Section 2.1:

                         (A) If the anticipated offering price, net of underwriting discounts and commissions, is less
than five million dollars ($5,000,000);

                         (B) In any particular jurisdiction in which the Company would be required to execute a general
consent to service of process in effecting such registration, qualification or compliance unless
the Company is already subject to service in such jurisdiction and except as may be required by the
Securities Act;

                         (C) Prior to the earlier of December 5, 2008, or six months after the effective date of the
Company’s first registered public offering of its stock;

 

 

                         (D) If the Company, within ten (10) days of the receipt of the request of the Initiating
Holders, gives notice of its bona fide intention to effect the filing of a registration statement
with the Commission within ninety (90) days of receipt of such request, provided, however, that the
Company may not exercise this right more than twice in any twelve (12) month period;

                         (E) During the period starting with the date of filing of, and ending on the date one hundred
eighty (180) days immediately following the effective date of, a registration subject to Section
2.2 hereof, provided that the Company is actively employing in good faith all reasonable efforts to
cause such registration statement to become effective;

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

                         (G) If the Company shall furnish to such Initiating 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 (the “Board of Directors”) it would be seriously detrimental to the Company and its
stockholders for a registration statement to be filed at the date filing would be required, in
which case the Company’s obligation to use its best efforts to register, qualify or comply under
this Section 2.1 shall be deferred for a period not to exceed thirty (30) days from the date of
receipt of written request from the Initiating Holders, provided that the Company may not exercise
this deferral right more than twice during any twelve (12) month period.

Subject to the foregoing clauses (A) through (G), the Company shall file a registration statement
covering the Registrable Securities so requested to be registered as soon as practicable and in any
event within sixty (60) days after receipt of the request or requests of the Initiating Holders.

               (b) Underwriting. Any registration pursuant to this Section 2.1 shall be firmly
underwritten by an underwriter of national recognition. In the event that a registration pursuant
to this Section 2.1 is for a public offering involving an underwriting, the Company shall so advise
the Holders as part of the notice given pursuant to Section 2.1(a)(i), and the right of any Holder
to registration pursuant to this Section 2.1 shall be conditioned upon such Holder’s participation
in such underwriting arrangements, and the inclusion of such Holder’s Registrable Securities in the
underwriting to the extent requested shall be limited to the extent provided herein.

The Company shall (together with all Holders proposing to distribute their securities through such
underwriting) enter into an underwriting agreement in customary form with the managing underwriter
selected for such underwriting by a majority in interest of the Initiating Holders, but subject to
the Company’s reasonable approval. Notwithstanding any other provision of this Section 2.1, if the
managing underwriter advises the Initiating Holders in writing that marketing factors require a
limitation of the number of shares to be underwritten, then the Company 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 registration and underwriting shall be
allocated among all Holders in proportion, as nearly as practicable, to the respective amounts of
Registrable Securities held by such Holders at the time of filing the registration statement.
Subject to the foregoing, no Registrable Securities excluded from the underwriting by reason of the
underwriter’s marketing limitation shall be included in such

 

 

registration. To facilitate the allocation of shares in accordance with the above provisions, the
Company or the underwriters may round the number of shares allocated to any Holder to the nearest
one hundred (100) shares. For purposes of the preceding provisions concerning apportionment, for
any selling stockholder which is an Investor and which is a holder of Registrable Securities and
which is a partnership or corporation, the partners, retired partners and stockholders of such
holder, or the estates and family members of any such partners and retired partners and any trusts
for the benefit of any of the foregoing persons shall be deemed to be a single “selling
stockholder,” and any pro-rata reduction with respect to such “selling stockholder” shall
be based upon the aggregate amount of Registrable Securities owned by all entities and individuals
included in such “selling stockholder,” as defined in this sentence.

If any Holder of Registrable Securities disapproves of the terms of the underwriting, such person
may elect to withdraw therefrom by written notice to the Company, the managing underwriter and the
Initiating Holders. The Registrable Securities and/or other securities so withdrawn shall also be
withdrawn from registration, and such Registrable Securities shall not be transferred in a public
distribution prior to one hundred eighty (180) days after the effective date of such registration,
or such other shorter period of time as the underwriters may require. If the underwriter has not
limited the number of Registrable Securities to be underwritten, the Company may include securities
for its own account (or for the account of other stockholders) in such registration if the
underwriter so agrees and if the number of Registrable Securities that would otherwise have been
included in such registration and underwriting will not thereby be limited.

          2.2 Company Registration.

               (a) Notice of Registration. If at any time or from time to time the Company shall
determine to register any of its equity securities, either for its own account or for the account
of a security holder or holders, other than (A) a registration relating solely to employee benefit
plans, or (B) a registration relating solely to a Rule 145 transaction, the Company will:

                    (i) promptly give to each Holder written notice thereof; and

                    (ii) include in such registration (and any related qualification under blue sky laws or other
compliance), and in any underwriting involved therein, all the Registrable Securities specified in
a written request or requests, made within thirty (30) days after receipt of such written notice
from the Company by any Holder.

               (b) Underwriting. If the registration of which the Company gives notice is for a
registered public offering involving an underwriting, the Company shall so advise the Holders as a
part of the written notice given pursuant to Section 2.2(a)(i). In such event the right of any
Holder to registration pursuant to this Section 2.2 shall be conditioned upon such Holder’s
participation in such underwriting, and the inclusion of Registrable Securities in the underwriting
shall be limited to the extent provided herein.

All Holders proposing to distribute their securities through such underwriting shall (together with
the Company and the other holders distributing their securities through such underwriting) enter
into an underwriting agreement in customary form with the managing underwriter selected for such
underwriting by the Company. Notwithstanding any other provision of this Section 2.2, if the
managing underwriter determines that marketing factors require a limitation of the number of

 

 

shares to be underwritten, the managing underwriter may limit the Registrable Securities to be
included in such registration (i) in the case of the Company’s initial public offering, to zero,
and (ii) in the case of any other offering, to an amount no less than twenty-five percent (25%) of
all shares to be included in such offering; provided however, that (x) any such limitation
or “cutback” shall be first applied to all shares proposed to be sold in such offering other than
for the account of the Company which are not Registrable Securities and (y) notwithstanding clause
(x), in no event shall any shares being sold by a stockholder exercising a demand registration
right similar to that granted in Section 2.1 be excluded from such offering. The Company shall so
advise all Holders and other holders distributing their securities through such underwriting, and
the number of shares of Registrable Securities or other securities that may be included in the
registration and underwriting shall be first allocated among all the Holders in proportion, as
nearly as practicable, to the respective amounts of Registrable Securities held by such Holder at
the time of filing the Registration Statement. To facilitate the allocation of shares in
accordance with the above provisions, the Company may round the number of shares allocated to any
Holder or holder to the nearest one hundred (100) shares. For purposes of the preceding provisions
concerning apportionment, for any selling stockholder which is an Investor and which is a holder of
Registrable Securities and which is a partnership or corporation, the partners, retired partners
and stockholders of such holder, or the estates and family members of any such partners and retired
partners and any trusts for the benefit of any of the foregoing persons shall be deemed to be a
single “selling stockholder,” and any pro-rata reduction with respect to such “selling stockholder”
shall be based upon the aggregate amount of Registrable Securities owned by all entities and
individuals included in such “selling stockholder,” as defined in this sentence.

If any Holder or holder disapproves of the terms of any such underwriting, he may elect to withdraw
therefrom by written notice to the Company and the managing underwriter. Any securities excluded
or withdrawn from such underwriting shall be withdrawn from such registration, and shall not be
transferred in a public distribution prior to one hundred eighty (180) days after the effective
date of the registration statement thereto, or such other shorter period of time as the
underwriters may require.

               (c) Right to Terminate Registration. The Company shall have the right to terminate or
withdraw any registration initiated by it under this Section 2.2 prior to the effectiveness of such
registration whether or not any Holder has elected to include securities in such registration.

          2.3 Registration on Form S-3.

               (a) If any Holder or Holders request that the Company file a registration statement on Form
S-3 (or any successor form to Form S-3) for a public offering of shares of the Registrable
Securities the reasonably anticipated aggregate price to the public of which would equal or exceed
Five Hundred Thousand Dollars ($500,000), and the Company is a registrant entitled to use Form S-3
to register the Registrable Securities for such an offering, the Company shall use its best efforts
to cause such Registrable Securities to be registered for the offering on such form and to cause
such Registrable Securities to be qualified in such jurisdictions as such Holder or Holders may
reasonably request; provided, however, that the Company shall not be required to effect more than
two (2) registrations pursuant to this Section 2.3 in any twelve (12) month period. The Company
shall inform other Holders of the proposed registrations and offer

 

 

them the opportunity to participate. In the event the registration is proposed to be part of
a firm commitment underwritten public offering, the substantive provisions of Section 2.1(b) shall
be applicable to each such registration initiated under this Section 2.3.

               (b) Notwithstanding the foregoing, the Company shall not be obligated to take any action
pursuant to this Section 2.3:

                    (i) in any particular jurisdiction in which the Company would be required to execute a general
consent to service of process in effecting such registration, qualification or compliance unless
the Company is already subject to service in such jurisdiction and except as may be required by the
Securities Act;

                    (ii) if the Company, within ten (10) days of the receipt of the request of the initiating
Holders, gives notice of its bona fide intention to effect the filing of a registration statement
with the Commission within ninety (90) days of receipt of such request, provided, however, that the
Company may not exercise this right more than twice in any twelve (12) month period;

                    (iii) during the period starting with the date of filing of, and ending on the date one
hundred eighty (180) days immediately following the effective date of, any registration statement
pertaining to securities of the Company, provided that the Company is actively employing in good
faith all reasonable efforts to cause such registration statement to become effective; or

                    (iv) if the Company shall furnish to such Holder or Holders a certificate signed by the
President of the Company stating that in the good faith judgment of the Board of Directors it would
be seriously detrimental to the Company and its stockholders for registration statements to be
filed at the date filing would be required, in which case the Company’s obligation to use its best
efforts to file a registration statement shall be deferred for a period not to exceed thirty (30)
days from the receipt of the request to file such registration by such Holder or Holders, provided
that the Company may not exercise this deferral right more than twice during any twelve (12) month
period.

          2.4 Expenses of Registration. All Registration Expenses, including reasonable fees and
expenses of one special counsel to the selling Holders, incurred in connection with (i) two
registrations pursuant to Section 2.1, (ii) all registrations pursuant to Section 2.2, and (iii)
all registrations pursuant to Section 2.3 shall be borne by the Company. Unless otherwise stated,
all other Selling Expenses relating to securities registered on behalf of the Holders shall be
borne by the Holders pro rata on the basis of the number of shares so registered. Notwithstanding
the foregoing, the Company shall not be required to effect or to pay any Registration Expenses of
any registration begun pursuant to Sections 2.1 or 2.3, the request of which has been subsequently
withdrawn by Holders of a number of shares of Registrable Securities such that there are no Holders
of Registrable Securities intending to participate in the registration sufficient to request such a
registration, in which case such expenses shall be borne by the Holders of securities (including
Registrable Securities) requesting or causing such withdrawal; provided further, however, that if
at the time of such withdrawal, the Holders have learned of a material adverse change in the
condition, business or prospects of the Company from that known to the Holders at
the time of their request, then the Holders shall not be required to pay any of such
Registration Expenses and shall retain their rights pursuant to Sections 2.1 and 2.3.

 

 

          2.5 Registration Procedures. In the case of each registration, qualification or compliance
effected by the Company pursuant to this Agreement, the Company will keep each Holder advised in
writing as to the initiation of each registration, qualification and compliance and as to the
completion thereof. At its expense the Company will:

               (a) Prepare and file with the Commission a registration statement with respect to such
Registrable Securities and use its best efforts to cause such registration statement to become and
remain effective for at least one hundred twenty (120) days or until the distribution described in
the registration statement has been completed, whichever first occurs. Such one hundred twenty
(120) days shall be extended for the period of time a Holder refrains from selling securities
included in such registration statement at the request of the underwriter or Company and in the
case of Form S-3 for a period of twelve (12) months.

               (b) Prepare and file with the Commission 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 Securities Act with respect to the disposition of
all securities covered by such registration statement.

               (c) Furnish to the Holders participating in such registration and to the underwriters of the
securities being registered such reasonable number of copies of the registration statement,
preliminary prospectus, final prospectus and such other documents as such Holders and underwriters
may reasonably request in order to facilitate the public offering of such securities.

               (d) Use its best 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.

               (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 Securities 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, such obligation to continue for one hundred twenty
(120) days.

               (g) 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.

 

 

               (h) 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.

               (i) Use its best efforts to furnish, at the request of any Holder requesting registration of
Registrable Securities pursuant to this Section 2, on the date that such Registrable Securities are
delivered to the underwriters for sale in connection with a registration pursuant to this Section
2, if such securities are being sold through underwriters, or, if such securities are not being
sold through underwriters, on the date that the registration statement with respect to such
securities becomes effective, (i) an opinion, dated 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, addressed to the underwriters, if any, and to the
Holders requesting registration of Registrable Securities and (ii) a letter dated such date, from
the independent certified public accountants of the Company, in form and substance as is
customarily given by independent certified public accountants to underwriters in an underwritten
public offering, addressed to the underwriters, if any, and to the Holders requesting registration
of Registrable Securities.

          2.6 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 2.

          2.7 Indemnification.

               (a) To the extent permitted by law, the Company will indemnify each Holder of Registrable
Securities included in a registration pursuant to this Agreement, each of its officers and
directors and partners, and each person controlling such Holder within the meaning of the
Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with
respect to which registration, qualification or compliance has been effected pursuant to this
Agreement, and each underwriter, if any, and each person who controls any underwriter within the
meaning of the Securities Act or the Exchange Act, against all expenses, claims, losses, damages or
liabilities (or actions in respect thereof), including any of the foregoing incurred in settlement
of any litigation, commenced or threatened, arising out of or based on any untrue statement (or
alleged untrue statement) of a material fact contained in any registration statement, prospectus,
offering circular or other document, or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any 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 any violation (or alleged violation) by the Company of the Securities Act, the
Exchange Act, state securities laws or any rule or regulation promulgated under the such laws
applicable to the Company in connection with any such registration, qualification or compliance,
and the Company will reimburse each such Holder, each of its officers, directors and partners, and
each person controlling such Holder, each such underwriter and each person who controls any such
underwriter, for any legal and any other expenses reasonably incurred, as such expenses are
incurred, in connection with investigating, preparing or defending any such claim, loss, damage,
liability or action, provided that the Company will not be liable in any such case to the extent
that any such claim, loss, damage, liability or expense arises out of or is based on any untrue
statement or omission or alleged untrue statement or omission, made in reliance upon and in conformity
with

 

 

written information furnished to the Company by an instrument duly executed by any Holder,
controlling person or underwriter and stated to be specifically for use therein; provided, however,
that the foregoing indemnity agreement is subject to the condition that, insofar as it relates to
any such untrue statement, alleged untrue statement, omission or alleged omission made in a
preliminary prospectus, such indemnity agreement shall not inure to the benefit of any underwriter,
or any Holder, if there is no underwriter, if a copy of the final prospectus filed with the
Commission pursuant to its Rule 424(b) was not furnished to the person asserting the loss,
liability, claim or damage at or prior to the time such action is required by the Securities Act,
and if such final prospectus cured the untrue statement, alleged untrue statement, omission or
alleged omission giving rise to the loss, liability, claim or damage.

               (b) To the extent permitted by law, each Holder will, if Registrable Securities held by such
Holder are included in the securities as to which such registration, qualification or compliance is
being effected, indemnify the Company, each of its directors and officers, each underwriter, if
any, of the Company’s securities covered by such registration statement, each person who controls
the Company or such underwriter within the meaning of the Securities Act or the Exchange Act, and
each other such Holder, each of its officers, directors and partners and each person controlling
such Holder within the meaning of Section 15 of the Securities Act, against all expenses, claims,
losses, damages and liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in any such
registration statement, prospectus, offering circular or other document, or any omission (or
alleged omission) (collectively, a “Violation”) to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading 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 will reimburse the Company, such Holders, such directors, officers, partners,
persons, underwriters or control persons for any legal or any other expenses reasonably incurred,
as such expenses are incurred, in connection with investigating, preparing or defending any such
claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that
such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in
such registration statement, prospectus, offering circular or other document in reliance upon and
in conformity with written information furnished to the Company by an instrument duly executed by
such Holder and stated to be specifically for use therein provided, however, that the indemnity
agreement contained in this subsection 2.7(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. Notwithstanding the foregoing, the
liability of each Holder under this subsection 2.7(b) shall be limited in an amount equal to the
net proceeds of the shares sold by such Holder, unless such liability arises out of or is based on
willful misconduct by such Holder.

               (c) Each party entitled to indemnification under this Section 2.7 (the “Indemnified Party”)
shall give notice to the party required to provide indemnification (the “Indemnifying Party”)
promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may
be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any
litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct
the defense of such claim or litigation, shall be approved by the

 

 

Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified
Party may participate in such defense at such party’s expense, and provided further that the
failure of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure to give such notice
is materially prejudicial to an Indemnifying Party’s ability to defend such action, and provided
further that the Indemnifying Party shall not assume the defense for matters as to which
representation of both the Indemnifying Party and the Indemnified Party by the same counsel would
be inappropriate due to actual or potential differing interests between them, but shall instead in
such event pay the fees and costs of separate counsel for the Indemnified Party. No Indemnifying
Party, in the defense of any such claim or litigation, shall, except with the consent of each
Indemnified Party, consent to entry of any judgment or enter into any settlement which does not
include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or litigation.

               (d) If the indemnification provided for in this Section 2.7 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, provided,
however, that, in any such case, (A) no such Holder will be required to contribute any
amount in excess of the net proceeds from the offering received by such Holder; and (B) no person
or entity guilty of willful fraud or fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not
guilty of such fraudulent misrepresentation.

               (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.

               (f) The obligations of the Company and Holders under this Section 2.7 shall survive the
completion of any offering of Registrable Securities in a registration statement under this Section
2, and otherwise.

          2.8 Information by Holder. The Holder or Holders of Registrable Securities included in any
registration shall furnish to the Company such information regarding such Holder or Holders, the
Registrable Securities held by them and the distribution proposed by such Holder or Holders as the
Company may request in writing and as shall be required in connection with any registration,
qualification or compliance referred to in this Agreement.

 

 

          2.9 Rule 144 Reporting. With a view to making available the benefits of certain rules and
regulations of the Commission which may at any time permit the sale of the restricted securities
(as defined in Rule 144 and any other rule or regulation of the Commission) to the public without
registration, after such time as a public market exists for the Common Stock of the Company, the
Company agrees to use its best efforts to:

               (a) Make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act, at all times after the effective date that the Company becomes
subject to the reporting requirements of the Securities Act or the Exchange Act;

               (b) File with the Commission in a timely manner all reports and other documents required of
the Company under the Securities Act and the Exchange Act (at any time after it has become subject
to such reporting requirements);

               (c) So long as a Holder owns any Restricted Securities (as defined in Rule 144 under the
Securities Act) to furnish to such Holder forthwith upon request a written statement by the Company
as to its compliance with the reporting requirements of said Rule 144 (at any time after ninety
(90) days after the effective date of the first registration statement filed by the Company for an
offering of its securities to the general public) and of the Securities Act and the Exchange 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),
a copy of the most recent annual or quarterly report of the Company, and such other reports and
documents of the Company and other information in the possession of or reasonably obtainable by the
Company as the Holder may reasonably request in availing itself of any rule or regulation of the
Commission allowing the Holder to sell any such securities without registration; and

               (d) Take such action, including the voluntary registration of its Common Stock under Section
12 of the Exchange Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of
their Registrable Securities, such action to be taken as soon as practicable after the end of the
fiscal year in which the first registration statement filed by the Company for the offering of its
securities to the general public is declared effective.

          2.10 Transfer of Registration Rights. The rights to cause the Company to register securities
granted Investors under Sections 2.1, 2.2 and 2.3 may be assigned to a transferee or assignee in
connection with any transfer or assignment of Registrable Securities by the Investors provided
that: (i) such transfer may otherwise be effected in accordance with applicable securities laws,
(ii) (a) such assignee or transferee is a subsidiary, affiliate, parent, partner, limited partner,
retired partner, member, retired member or stockholder of the Holder, (b) such assignee or
transferee is an Affiliated Fund or (c) such assignee or transferee acquires at least three hundred
forty-three thousand seventy-nine (343,079) shares of Registrable Securities held by the assignor
or transferor (appropriately adjusted for recapitalizations, stock splits and the like), (iii)
written notice is promptly given to the Company, and (iv) such transferee agrees to be bound by the
provisions of this Agreement. For the purpose 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 2.

          2.11 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 a majority 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 holder or prospective holder (a) to
include such securities in any registration filed under Section 2.1 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
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 the
dates set forth in subsection 2.1(a) or within one hundred twenty (120) days of the effective date
of any registration effected pursuant to Section 2.1.

          2.12 Termination of Registration Rights. The rights granted pursuant to Sections 2.1, 2.2 and
2.3 of this Agreement shall terminate as to any Holder upon the earliest to occur of (i) such time
as such Holder can sell all of such Holder’s Registrable Securities pursuant to Rule 144(k)
promulgated under the Securities Act, (ii) such time as such Holder can sell all of such Holder’s
Registrable Securities pursuant to Rule 144 promulgated under the Securities Act within any ninety
(90) day period, or (iii) the fifth anniversary of the effective date of the Company’s initial
public offering.

          2.13 Initial Public Offering.

               (a) At the request of the Investors holding shares of Series C Preferred Stock (the
“Series C Investors”), in the event the Company proposes to sell its Common Stock at its
initial firm commitment underwritten public offering pursuant to a Registration Statement
under the Securities Act (the “IPO”), the Company shall use its reasonable commercial best
efforts to offer to sell to each Series C Investor then holding at least three hundred
forty-three thousand seventy-nine (343,079) shares of Registrable Securities its Pro Rata
Portion (as defined below) of not less than ten percent (10%) of the shares of Common Stock
to be sold in the IPO at the initial offering price to be paid by the public to the
underwriters of the IPO (the “IPO Price”), provided, however, that the Series C Investors
shall have no such right if (i) the IPO occurs within one (1) year of the Closing, (ii) the
underwriters of the IPO determine in their sole discretion that such participation by the
Series C Investors will be detrimental to the success or value of the IPO or (iii) if any
of the provisions of this Section 2.13 are deemed to be inconsistent with the rules,
regulations and policies of the Commission, the National Association of Securities Dealers,
Inc. (“NASD”) or any other regulatory authority in effect at the time of the IPO or any
other state or federal law. Such right shall be exercised only by delivery of a binding
written purchase agreement in customary form concurrently with the execution and delivery
of the underwriting agreement for the IPO.

               (b) If any of the provisions of clauses (i), (ii) or (iii) of Section 2.13(a) above
prevent the Company from granting the Investors the right to purchase

 

 

shares of Common Stock to be sold in the IPO, the Company shall use its reasonable commercial best efforts
to allow each Investor then holding at least three hundred forty-three thousand
seventy-nine (343,079) shares of Registrable Securities to purchase its Pro Rata Portion of
Common Stock of not less than ten percent (10%) of the number of shares of Common Stock to
be sold in the IPO pursuant to a contemporaneous private placement (the “Private
Placement”) at a purchase price of eighty-five percent (85%) of the IPO Price, provided,
however, that:

                    (i) each such Investor participating in the Private Placement must be a qualified
institutional buyer as such term is defined in Rule 144A promulgated under the Securities
Act;

                    (ii) with respect to the shares of Common Stock purchased in the Private Placement,
each such Investor shall be subject to the restrictions set forth in Section 6; provided,
however, that the restrictions set forth in Section 6 shall commence on the date of the
purchase of such shares of Common Stock in the Private Placement and continue for the
period up to and including one hundred eighty (180) days following the IPO;

                    (iii) no Series C Investor shall have such a right to participate in the Private
Placement if the underwriters of the IPO determine in their sole discretion that such
participation by the Investors will be detrimental to the success or value of the IPO; and

                    (iv) notwithstanding the foregoing, the Investors shall have no such right to
participate in the Private Placement if (A) the underwriters of the IPO determine in their
sole discretion that such Private Placement will be detrimental to the success or value of
the IPO, or (B) if the provisions of this Section 2.13 are deemed to be inconsistent with
the rules, regulations and policies of the Commission, the NASD or any other regulatory
authority in effect at the time of the IPO or any other state or federal law.

               (c) “Pro Rata Portion” shall mean the quotient obtained by dividing (x) the total number of
shares of Common Stock issued or issuable upon conversion of the Series C Preferred Stock held by a
Series C Investor at the time of the IPO by (y) the total number of shares of capital stock then
outstanding on an as-if converted basis.

     3. Financial Information.

               (a) The Company will provide the following reports to each Holder of at least Three Hundred
Forty-Three Thousand Seventy-Nine (343,079) shares of the Company’s Preferred Stock and/or the
Company’s Common Stock issued upon conversion thereof (appropriately adjusted for
recapitalizations, stock splits and the like) (each a “Financial Holder”):

                    (i) As soon as practicable after the end of each fiscal year, and in any event within one
hundred twenty (120) days thereafter, consolidated balance
sheets of the Company, as of the end of such fiscal year, and consolidated statements of operations and of

 

 

cash flows and stockholders’ equity of the Company for such year, prepared in accordance with
generally accepted accounting principles, all in reasonable detail and audited by independent
public accountants of national standing selected by the Company and approved by the Board of
Directors.

                    (ii) As soon as practicable after the end of the first, second and third quarterly accounting
periods in each fiscal year of the Company, and in any event within forty-five (45) days
thereafter, a consolidated balance sheet of the Company as of the end of each such quarterly
period, and consolidated statements of operations and of cash flows of the Company for such period
and for the current fiscal year to date, prepared in accordance with generally accepted accounting
principles (other than for accompanying notes), subject to changes resulting from year-end audit
adjustments, in reasonable detail.

                    (iii) At least thirty (30) days prior to the beginning of each fiscal year, a budget adopted
by the Company’s Board of Directors for the fiscal year, and, as soon as prepared, any other
budgets or revised budgets prepared by the Company.

                    (iv) Only upon the reasonable request of a Financial Holder, a monthly sales revenue report.

               (b) Notwithstanding the foregoing, the Company is not required to disclose trade secrets or
confidential information pursuant to this Section 3.

               (c) The covenants set forth in this Section 3 shall terminate and be of no further force or
effect upon the consummation of a firm commitment underwritten public offering or at such time as
the Company is required to file reports pursuant to Section 13 or 15(d) of the Exchange Act,
whichever shall occur first.

     4. Inspection. The Company shall permit each Holder of at least            Three Hundred
Forty-Three Thousand Seventy-Nine (343,079) shares (appropriately adjusted for
recapitalizations, stock splits and the like) of the Company’s Preferred Stock and/or the Company’s
Common Stock issued upon conversion thereof, at such Holder’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 as may be requested
by the Investor; provided, however, that the Company shall not be obligated
pursuant to this Section 4 to provide access to any information which it reasonably considers to be
a trade secret or confidential information.

     5. Key Person Insurance Policy. Until the consummation of a firm underwritten public offering
of the Company’s capital stock, the Company shall maintain a $1,000,000 key person life insurance
policy in favor of the Company, on the life of each of Grant Pierce and Drew Wingard.

     6. Lock-Up Agreement.

               (a) Agreement. The Investors and Holders, if requested by the Company and the
lead underwriter (the “Lead Underwriter”) of the initial public offering of the Common Stock
or other securities of the Company, and provided that all officers and directors of the
Company who own stock of or hold options to purchase stock of the Company and stockholders owning
more than

 

 

one percent (1%) of the outstanding Common Stock of the Company also agree to the
restrictions set forth in this Section 6, hereby irrevocably agree not to sell, contract to sell,
grant any option to purchase, transfer the economic risk of ownership in, make any short sale of,
pledge or otherwise transfer or dispose of any interest in any Common Stock or any securities
convertible into or exchangeable or exercisable for or any other rights to purchase or acquire
Common Stock (except Common Stock included in such public offering or acquired on the public market
after such offering) with respect to the initial public offering during the one hundred eighty
(180) day period following the effective date of a registration statement of the Company filed
under the Securities Act, or such shorter period of time as the Lead Underwriter shall specify.
The Investors and Holders further agree to sign such documents as may be requested by the Lead
Underwriter to effect the foregoing and agree that the Company may impose stop-transfer
instructions with respect to such Common Stock subject until the end of such period. The Company,
the Investors and the Holders acknowledge that each Lead Underwriter of the initial public offering
of the Company’s stock, during the period of such offering and for the 180 day period thereafter,
is an intended beneficiary of this Section 6.

               (b) No Amendment Without Consent of Underwriter. During the period from
identification as a Lead Underwriter in connection with any public offering of the Company’s Common
Stock until the earlier of (i) the expiration of the lock-up period specified in Section 6(a)
hereof in connection with such offering or (ii) the abandonment of such offering by the Company and
the Lead Underwriter, the provisions of this Section 6 may not be amended or waived except with the
consent of the Lead Underwriter.

     7. Notification of Receipt of Acquisition Proposal. For a period of two (2) years from the
date hereof, the Company shall not enter into any a liquidation, dissolution or winding up of the
Company which shall be deemed to be occasioned by, or to include, (i) the acquisition of the
Company by another entity by means of any transaction or series of related transactions (including,
without limitation, any reorganization, merger or consolidation, but excluding any merger effected
exclusively for the purpose of changing the domicile of the corporation); unless the
Company’s stockholders of record as constituted immediately prior to such acquisition or sale will,
immediately after such acquisition or sale (by virtue of securities issued as consideration for the
corporation’s acquisition or sale or otherwise) hold at least fifty percent (50%) of the voting
power of the surviving or acquiring entity; or (ii) a sale, conveyance, or other disposition of all
or substantially all of the assets of the Company by means of a transaction or series of related
transactions (each an “Acquisition Proposal”) without first providing Samsung Venture Investment
Corporation with ten (10) business days’ prior written notice and giving Samsung Venture Investment
Corporation and Samsung Electronics Co., Ltd. the opportunity to submit an Acquisition Proposal.
In the event that the Company does not enter into a definitive Acquisition Proposal agreement
within ninety (90) days after the end of the foregoing ten (10) business day notice period, the
Company shall not subsequently enter into any Acquisition Proposal agreement without again
providing Samsung Venture Investment Corporation and Samsung Electronics Co., Ltd. the foregoing
ten (10) business days’ prior written notice and opportunity to submit an Acquisition Proposal.
Notwithstanding the foregoing, nothing contained in this Agreement shall prohibit the Board of
Directors of the Company from fulfilling its fiduciary duties or prohibit the Company from
evaluating and/or accepting any third party proposal or offer.

 

 

     8. Determination of Share Amounts and Percentages. For the purposes of determining the
minimum holdings set forth in this Agreement, including, without limitation, the minimum holdings
pursuant to Sections 2.10, 3 and 4, the following rules shall govern:

               (a) All shares held by entities affiliated with the holder shall be deemed to be held by such
holder, and any holder which is a partnership shall be deemed to hold any shares of Preferred Stock
and/or Conversion Stock originally purchased by such holder and subsequently distributed to
partners of such holder which have not been resold by such partners.

               (b) When shares of Preferred Stock are counted together with shares of Conversion Stock or
shares of Common Stock, shares of Preferred Stock shall be counted on an as-converted into Common
Stock basis, and the term “Conversion Stock” shall mean only the shares of Common Stock which have
been issued pursuant to conversion of Preferred Stock.

     9. Amendment. Any provision of this Agreement may be amended or the observance thereof 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 a majority of the Registrable
Securities then outstanding or deemed to be outstanding. Any amendment or waiver effected in
accordance with this Section 9 shall be binding upon each Investor, each Holder of Registrable
Securities at the time outstanding or deemed to be outstanding (including securities into which
such securities are convertible), each future holder of all such securities, and the Company.
Notwithstanding anything in this Agreement, Section 7 of this Agreement may only be amended, and
the observance of Section 7 may only be waived, (either generally or in a particular instance and
either retroactively or prospectively) only with the written consent of the Company and Samsung
Venture Investment Corporation.

     10. Governing Law. This Agreement and the legal relations between the parties arising
hereunder shall be governed by and interpreted in accordance with the laws of the State of
California. The parties hereto agree to submit to the jurisdiction of the federal and state courts
of the State of California with respect to the breach or interpretation of this Agreement or the
enforcement of any and all rights, duties, liabilities, obligations, powers, and other relations
between the parties arising under this Agreement.

     11. Entire Agreement. This Agreement constitutes the full and entire understanding and
agreement between the parties regarding the matters set forth herein. Except as otherwise
expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon
the successors, assigns, heirs, executors and administrators of the parties hereto.

     12. Notices, Etc. 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) the
next business day when sent by facsimile to the number set forth below with confirmation of
receipt verifying successful transmission of the facsimile; (c) three business days after deposit
in the U.S. mail with first class or certified mail receipt requested, postage prepaid and
addressed to the other party at the address set forth below; or (d) the next business day after
deposit with a national overnight delivery service, postage prepaid, addressed to the parties as
set forth below with next business day delivery guaranteed, provided that the sending party
receives a confirmation of delivery from the delivery service provider. A party may change or supplement

 

 

the addresses given above, or designate additional addresses, for purposes of this Section 13 by
giving the other party written notice of the new address in the manner set forth above.

     13. Additional Series D Investors. Upon the sale of Additional Series D Shares to
Additional Series D Investors in accordance with the Stock 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.

     14. Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be an original, but all of which together shall constitute one instrument.

     15. Binding Effect. Effective as of the closing under the Stock Purchase Agreement and
subject to Section 9 of the Amended and Restated Investors’ Rights Agreement, (i) the Amended and
Restated Investors’ Rights Agreement shall be amended and restated in its entirety as herein
provided; and (ii) the Series D Investors shall become a party to this Agreement.

 

 

     This Fourth Amended and Restated Investors’ Rights Agreement is hereby executed as of the date
first above written.

	 	 	 	 	 
	 	SONICS, INC.

a Delaware corporation

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

	 	 	 	 	 
	 

	 	Address:
	 	1098 Alta Avenue
	 

	 	 	 	Suite 101
	 

	 	 	 	Mountain View, CA 94043

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 
	SERIES D INVESTORS:

	 

	SVIC No. 4 New Technology Business

	Investment, L.L.P.

	 

	By: Samsung Venture Investment Corporation

	 

	By:
  /s/ Sang Ki Kim                                       
             

	        Sang Ki Kim                                       
             

	Its:  Chief
Executive Officer

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 
	East Gate Capital Management

	 

	By:
/s/             
                                                                  

	 

	Its:

	Address:                                                             

	                                                                    
            

	Facsimile:                                                             

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 
	Bokwang Investment Corporation

	 

	By:
/s/                                                                  
             

	 

	Its:

	Address:
30F Glass Tower, 946-2 Daechi-     

	                    dong,
fannam-gu, Seoul
 Korea     

	Facsimile:
2-567-1673                                        

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

Bokwang No. 1 Specialized Investment

Partnership For Components and Materials

	 	 	 	 	 	 	 
	By:
	 	/s/ 	 	 
	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	Address:
	 	 	 	30F Glass Tower, 946-2
Daechi 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	dong, fannam-gu, Seoul, Korea
	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	 	 	2-567-1673 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

Smart Technology Ventures III, SBIC L.P.

	 	 	 	 	 	 	 
	By:
	 	 	 	Smart Technology
Ventures III SBIC 
Management, LLC	 
	 	 	 	 	 	 
	Its:
	 	 	 	General Partner	 	 
	By:
	 	 	 	/s/ David Nazarlan	 
	 	 	 	 	 	 
	 
	 	 	 	David Nazarlan	 
	 
	 	 	 	Its: Managing
Member	 
	Address:
	 	 	 	1801 Century Park West,
5th Floor	 
	 	 	 	 	 	 
	 
	 	 	 	Los Angeles, CA 90067	 
	 	 	 	 	 	 
	 
	 	 	 	(310) 203-3801	 
	 	 	 	 	 	 
	Facsimile:
	 	 	 	 	 	 
	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	TL Ventures V Interfund L.P.	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Eric J. Rothfus	 	 
	 	 	 	 	 
	 
	 	Eric J. Rothfus	 	 
	Its:
	 	Managing Director	 	 
	Address:
	 	400 N. 15th St. #820	 	 
	 

	 	Austin, TX 78701	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	512-391-2875	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	TL Ventures V L.P.	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Eric J. Rothfus	 	 
	 	 	 	 	 
	 
	 	Eric J. Rothfus	 	 
	Its:
	 	Managing Director	 	 
	Address:
	 	400 N. 15th St. #820	 	 
	 

	 	Austin, TX 78701	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	512-391-2875	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II (BVI), LP	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ 	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II, LP	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ 	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II-E, LP	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ 	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	The Phoenix Partners IIIB Limited Partnership	 	 
	 
	 	 	 	 	 	 
	By:
	 	The Phoenix Management
Partners III	 	 
	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ David B. Johnston	 	 
	 	 	 	 	 
	 
	 	David B. Johnston	 	 
	Its:
	 	General Partner	 	 
	Address:
	 	1000 Second Avenue, Suite 3600	 	 
	 

	 	Seattle, WA 98104
	 	 
	 

	 	 	 	 
	Facsimile:
	 	206-624-1907	 	 
	 

	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	The Phoenix Partners IV Limited Partnership	 	 
	 
	 	 	 	 	 	 
	By:
	 	The Phoenix Management IV, L.L.C.	 	 
	 	 	 	 	 
	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/	 	David B. Johnston	 	 
	 	 	 	 	 
	Its:
	 	Managing Member	 	 
	Address:
	 	Seattle, WA 98104	 	 
	Facsimile:
	 	206-624-1907	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	Spinnaker Ventures Fund IQ, LP	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:	 	Spinnaker Ventures Management I, LLC
	Its:	 	General Partner
	 
	 	 	 	 	 	 	 	 
	By its:	 	Managing Member, Fireship Limited
	 
	 	 	 	 	 	 	 	 
	By:
	 	/s/ Claude Pomper
	 	 	 	 	 	 	 
	 	 	Claude Pomper	 	 	 	 
	Its:
	 	Director	 	 	 	 	 	 
	Address:	 	582 Market Street, Suite 307
	 	 	 	 	 	 	 
	 	 	San Franciso, CA 94104	 	 	 	 
	 	 	 	 	 	 	 
	Facsimile:	 	(415) 374-2707	 	 	 	 
	 	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	Spinnaker Ventures Fund IQ, LP	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:	 	Spinnaker Ventures Management I, LLC
	Its:	 	General Partner
	 
	 	 	 	 	 	 	 	 
	By its:	 	Managing Member, Fireship Limited
	 
	 	 	 	 	 	 	 	 
	By:
	 	/s/ Claude Pomper
	 	 	 	 	 	 	 
	 	 	Claude Pomper	 	 	 	 
	Its:
	 	Director	 	 	 	 	 	 
	Address:	 	582 Market Street, Suite 307
	 	 	 	 	 	 	 
	 	 	San Franciso, CA 94104	 	 	 	 
	 	 	 	 	 	 	 
	Facsimile:	 	(415) 374-2707	 	 	 	 
	 	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	MIPS Technologies, Inc.	 	 
	 
	By:
	 	/s/ 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	Its:
	 	CFO 	 	 
	Address:
	 	1225 Charleston Road 	 	 
	 

	 	 	 	 
	 

	 	Mountain View, CA 94043
	 	 
	 

	 	 	 	 
	Facsimile:
	 	650-567-5154 	 	 
	 

	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	MESBIC Ventures, Inc.	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ 	 	 	 	 
	 	 	 	 
	 
	 	CEO/President 	 	 
	Its:
	 	 	 	 	 	 
	Address:
	 	2435 N. Central Expressway Ste. 200	 
	 	 	 	 
	 
	 	Richardson, TX 75080	 	 
	 	 	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

PRIOR INVESTORS:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	InveStar Semiconductor Development Fund, Inc.	 	 	 	InveStar Excelsus Venture Capital
(Int’l) Inc., LDC.
	 
	By:

	 	/s/ 	Michael Tung	 	 	 	By:	 	/s/ 	Michael Tung
	 	 	 	 	 	 	 	 	 
	Name:

	 	Michael Tung	 	 	 	Name:	 	Michael Tung
	 	 	 	 	 	 	 	 	 
	Title:

	 	Partner & CEO	 	 	 	Title:	 	Partner & CEO
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ForeFront Venture Partners L.P.	 	 	 	HanTech Venture Capital Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ 	Herbert Chang	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Name:

	 	Herbert Chang	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Title:

	 	General Partner	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 
	 	 	 	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	HanRong Venture Capital Investment
Corporation	 	 	 	Xilinx, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	InveStar Semiconductor Development Fund, Inc.	 	 	 	InveStar Excelsus Venture Capital (Int’l) Inc., LDC.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ 	 	Michael Tung	 	 	 	By:	 	/s/   Michael Tung
	 	 	 	 	 	 	 	 	 
	Name:

	 	Michael Tung 	 	 	 	Name:	 	Michael Tung 
	 	 	 	 	 	 	 	 	 
	Title:

	 	Partner & CFO	 	 	 	Title:	 	Partner & CFO 
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	InveStar Burgeon Venture Capital, Inc.	 	 	 	InveStar Dayspring Venture Capital, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ 	 	Michael Tung  	 	 	 	By:	 	/s/   Michael Tung
	 	 	 	 	 	 	 	 	 
	Name:

	 	Michael Tung  	 	 	 	Name:	 	Michael Tung  
	 	 	 	 	 	 	 	 	 
	Title:

	 	Partner & CFO  	 	 	 	Title:	 	Partner & CFO  
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ForeFront Venture Partners, L.P.	 	 	 	HanTech Venture Capital Corporation
	By: ForeFront Associates LLC, its	 	 	 	 	 	 	 	 
	General Partner	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ 	 	Herbert Chang 	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Title:

	 	General Partner 	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	PowerWorld Fund, Inc.	 	 	 	Universal Venture Fund, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Address:

	 	 	 	 	 	 	 	Address:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	North America Venture Fund, L.P.	 	 	 	Innotech Corporation	 	 
	a Cayman Islands Limited Partnership	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By: CDIB North America Venture	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	       Management, L.D.C., a Cayman Islands	 	 	 	Name:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	       Limited Duration Company	 	 	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	       General Partner	 	 	 	Address:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Facsimile:	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name: Emily Chen	 	 	 	 	 	 	 	 	 	 
	Title: Member	 	 	 	 	 	 	 	 	 	 
	 
	By:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name:	 	Charles Lau	 	 	 	 	 	 	 	 	 	 
	Title:

	 	Member	 	 	 	 	 	 	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Facsimile:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Crystal Technology Venture Capital 

Investment Corporation	 	 	 	Hung Poo Real Estate Development Co., Ltd.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ David Chan	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Name:

	 	David Chan	 	 	 	Name:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Title:

	 	Chairman	 	 	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Address:

	 	8F, No. 148, Sung Chiang Rd.,	 	 	 	Address:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Taipei, 104 Taiwan	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Facsimile:

	 	886-22542-8265	 	 	 	Facsimile:	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Smart Technology Ventures III SBIC, L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	Smart Technology Ventures III SBIC
	 	 	Management, LLC
	 	 	Its: General Partner
	 
	 	 	 	 	 	 
	By:
	 	/s/ David Nazarian 	 	 
	 	 	 	 	 
	 	 	David Nazarian
	 	 	Its: Managing Member
	 
	 	 	 	 	 	 
	Address:	 	 	 	1801 Century Park West, 5th Floor
	 	 	 	 	Los Angeles, CA 90067
	Facsimile:	 	 	 	(310) 203-3801

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	InveStar Semiconductor Development Fund, Inc. (II) LDC	 	 
	 
	By:
	 	/s/ 	 	Michael Tung 	 	 
	 	 	 	 	 
	Name:
	 	 	 	Michael Tung 	 	 
	 	 	 	 	 
	Title:
	 	 	 	Partner & CFO	 	 
	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 

	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	InveStar Dayspring Venture Capital, Inc.	 	 
	 
	By:
	 	/s/ 	 	Michael Tung 	 	 
	 	 	 	 	 
	Name:
	 	 	 	Michael Tung 	 	 
	 	 	 	 	 
	Title:
	 	 	 	Partner & CFO	 	 
	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 

	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	InveStar Burgeon Venture Capital, Inc.	 	 
	 
	By:
	 	/s/ Michael Tung 	 	 
	 	 	 	 	 
	Name:
	 	Michael Tung 	 	 
	 	 	 	 	 
	Title:
	 	Porter & CFO 	 	 
	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 

	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

JAFCO Co. Ltd.

JAFCO G-7(A) Investment Enterprise Partnership

JAFCO G-7(B) Investment Enterprise Partnership

	 	 	 	 	 
	Signature:
	 	/s/ Tomro Kezuka	 
	 

	 	 

	 
	By:
	 	Tomro Kezuka	 
	Title:
	 	Executive Vice President	 
	Facsimile:
	 	+81-3-5223-7089	 
	 

	 	 

	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

JAFCO USIT Fund III, L.P.

JAFCO America Technology Fund III, L.P.

JAFCO America Technology Cayman Fund III, L.P.

JAFCO America Technology Affiliates Fund III, L.P.

Signature:

	 	 	 	 	 
	 	 	 
	By:

	 	Barry J. Schiffman	 	 
	 

	 	Executive Managing Director	 	 
	 

	 	JAV Management Associates III, L.L.C.	 	 
	 

	 	505 Hamilton Avenue	 	 
	 

	 	Palo Alto, CA 94301	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II, LP	 	 
	 
	 	 	 	 	 	 
	By:	 	Newlight Partners II, LLC
	Its:	 	General Partner
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/  	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II-E, LP	 	 
	 
	 	 	 	 	 	 
	By:	 	Newlight Partners II-E, LLC
	Its:	 	General Partner
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ 	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Newlight Associates II (BVI), LP	 	 
	 
	 	 	 	 	 	 
	By:	 	Newlight Partners II, Ltd.
	Its:	 	General Partner
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ 	 	 
	 	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Facsimile:	 	 	 	 
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Omninet Capital, LLC	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Name:	 	 	 	Benjamin Nazarian
	Title:	 	 	 	Manager
	Address:	 	9420 Wilshire Blvd., Ste 400	 	 
	 

	 	 	 	Beverly Hills, CA 90212	 	 
	Facsimile:	 	(310) 300-4101	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Easton Hunt Capital Partners, L.P.	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	/s/ Richard P. Schneider	 	 
	 	 	 	 	 	 	 
	Name:
	 	 	 	Richard P. Schneider	 	 
	 	 	 	 	 	 	 
	Title:
	 	 	 	Vice
President & Secretary of EHC Inc, General Partner of EHC GP, LP,
General Partner	 	 
	 	 	 	 	 	 	 
	Address:	 	767 Third Ave 7th FL.
	 

	 	 	 	 	 	 
	 
	 	 	 	New York, NY 10017
	 

	 	 	 	 	 	 
	Facsimile:	 	212-702-0952
	 

	 	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Spinnaker Ventures Fund I, L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	Spinnaker Ventures Management I, LLC	 	 
	Its:	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By its:	 	Managing Member, Fireship Limited	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Claude Pomper 	 	 
	 	 	 	 	 
	 	 	Claude Pomper	 	 
	Its:	 	Director	 	 
	Address:	 	582 Market Street, Suite 307	 	 
	 	 	San Franciso, CA 94104	 	 
	Facsimile:	 	(415) 374-2707	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Spinnaker Ventures Fund IQ, L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	Spinnaker Ventures Management I, LLC	 	 
	Its:	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By its:	 	Managing Member, Fireship Limited	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Claude Pomper 	 	 
	 	 	 	 	 
	 	 	Claude Pomper	 	 
	Its:	 	Director	 	 
	Address:	 	582 Market Street, Suite 307	 	 
	 	 	San Franciso, CA 94104	 	 
	Facsimile:	 	(415) 374-2707	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	MESBIC Ventures, Inc. (a PaceSetter Capital Group Fund)	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Divaker Kamath	 	 	 	 
	 	 	 	 	 
	 	 	Divaker Kamath	 	 
	Its:	 	Executive Vice President	 	 
	Address:	 	2435 N. Central Expressway, Ste. 200	 	 
	 	 	Richardson, TX 75080	 	 
	Facsimile:
	 	 	 	 	 	 
	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	LB Group I Inc.	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Michael Brill	 	 	 	 
	 	 	 	 	 
	 	 	Michael Brill	 	 
	Its:	 	Managing Director	 	 
	Address:	 	101 Hudson Street, 38th Floor	 	 
	 	 	Jersey City, NJ 07302	 	 
	Facsimile:	 	(201) 524-5489	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	The Phoenix Partners IIIB Limited Partnership	 	 
	 
	 	 	 	 	 	 
	By:	 	The Phoenix Management Partners III	 	 
	Its:	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ David B. Johnston	 	 
	 	 	 	 	 
	 	 	David B. Johnston	 	 
	Its:	 	General Partner	 	 
	Address:	 	1000 Second Avenue, Suite 3600	 	 
	 	 	Seattle, WA 98104	 	 
	Facsimile:
	 	206-624-1907	 	 
	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	The Phoenix Partners IV Limited Partnership	 	 
	 
	 	 	 	 	 	 
	By:	 	By: The Phoenix Management Partners IV, L.L.C.	 	 
	Its:	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ David B. Johnston	 	 
	 	 	 	 	 
	 	 	David B. Johnston	 	 
	Its:	 	Managing Member	 	 
	Address:	 	1000 Second Avenue, Suite 3600	 	 
	 	 	Seattle, WA 98104	 	 
	Facsimile:
	 	206-624-1907	 	 
	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	TL Ventures V L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	TL Ventures V Management L.P.,	 	 
	Its:	 	General Partner	 	 
	By:	 	TL Ventures V LLC,	 	 
	Its:	 	Manager	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Eric J. Rothfus	 	 
	 	 	 	 	 
	 
	 	Eric J. Rothfus	 	 
	Its:
	 	Managing Director	 	 
	Address:
	 	400 N. 15th St. #820	 	 
	 

	 	Austin, TX 78701	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	512-391-2875	 	 
	 
	 	 	 	 	 	 
	TL Ventures V Interfund L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	TL Ventures V LLC,	 	 
	Its:	 	General Partner	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ Eric J. Rothfus	 	 
	 	 	 	 	 
	 
	 	Eric J. Rothfus	 	 
	Its:
	 	Managing Director	 	 
	Address:
	 	400 N. 15th St. #820	 	 
	 

	 	Austin, TX 78701	 	 
	 

	 	 	 	 	 	 
	Facsimile:
	 	512-391-2875	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Toshiba Corporation	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:	 	Shigeo Koguchi	 	 
	Title:

	 	President
	 	& CEO, Semiconductor Company	 	 
	Address:	 	1-1, Shibaura 1-chome, Minato-ku,	 	 
	 	 	Tokyo 105-8001, Japan	 	 
	 
	 	 	 	 	 	 
	Facsimile:	 	+81-3-5444-3452	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

	 	 	 	 	 	 	 
	Cadence Design Systems, Inc.	 	 
	 
	 	 	 	 	 	 
	By:
	 	/s/ William Porter 	 	 
	 	 	 	 	 
	Name:
	 	William Porter 	 	 
	Title:
	 	Sr. VP & CFO 	 	 
	Address:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Facsimile:
	 	408.944.0215 	 	 
	 	 	 	 	 

[Signature Page to Fourth Amended and Restated

Investors’ Rights Agreement]

 

 

Exhibit A

Prior Investors

Series A Investors

Xilinx, Inc.

InveStar Semiconductor Development Fund, Inc.

InveStar Excelsus Venture Capital (Int’l) Inc., LDC

ForeFront Venture Partners L.P.

JAFCO Co. Ltd.

JAFCO G-7(A) Investment Enterprise Partnership

JAFCO G-7(B) Investment Enterprise Partnership

JAFCO USIT Fund III, L.P.

HanTech Venture Capital Corporation

HanRong Venture Capital Investment Corporation

Series B Investors

InveStar Semiconductor Development Fund, Inc.

InveStar Excelsus Venture Capital (Int’l) Inc., LDC

ForeFront Venture Partners, L.P.

InveStar Burgeon Venture Capital, Inc.

InveStar Dayspring Venture Capital, Inc.

JAFCO Co., Ltd.

JAFCO G-7(A) Investment Enterprise Partnership

JAFCO G-7(B) Investment Enterprise Partnership

JAFCO USIT Fund III, L.P.

JAFCO America Technology Fund III

JAFCO America Technology Cayman Fund III

HanTech Venture Capital Corporation

PowerWorld Fund, Inc.

Universal Venture Fund, Inc.

North America Venture Fund, L.P.

Innotech Corporation

Crystal Technology Venture Capital Investment Corporation

Hung Poo Real Estate Development Co., Ltd.

Series C Investors

Smart Technology Ventures III, SBIC L.P.

InveStar Semiconductor Development Fund, Inc.

InveStar Dayspring Venture Capital, Inc.

InveStar Burgeon Venture Capital, Inc.

JAFCO America Ventures, Inc.

JAFCO USIT Fund III, L.P.

A-1

 

 

JAFCO America Technology Cayman Fund III, L.P.

JAFCO America Technology Affiliates Fund III, L.P.

HanTech Venture Capital Corporation

Newlight Associates II, LP

Newlight Associates II-E, LP

Newlight Associates II (BVI), LP

Omninet Capital, LLC

Easton Hunt Capital Partners, L.P.

Spinnaker Ventures Fund I, L.P.

Spinnaker Ventures Fund IQ, L.P.

MESBIC Ventures, Inc. (a PaceSetter Capital Group Fund)

LB Group I Inc.

TL Ventures V L.P.

TL Ventures V Interfund L.P.

Toshiba Corporation

Cadence Design Systems, Inc.

A-1

 

 

Exhibit B

Series D Investors

Bokwang Investment Corporation

Bokwang No. 1 Specialized Investment Partnership For Components and Materials

East Gate Capital Management

Easton Hunt Capital Partners, L.P.

MESBIC Ventures, Inc.

MIPS Technologies, Inc.

Newlight Associates II (BVI), LP

Newlight Associates II, LP

Newlight Associates II-E, LP

Smart Technology Ventures III, SBIC L.P.

Spinnaker Ventures Fund IQ, LP

Spinnaker Ventures Fund, I, LP

SVIC No. 4 New Technology Business Investment, LLP

The Phoenix Partners IIIB Limited Partnership

The Phoenix Partners IV Limited Partnership

TL Ventures V Interfund L.P.

TL Ventures V L.P.

B-1

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