Third Amended and Restated Voting Agreement among AvantGo, Inc., Founders, and Preferred Stock Investors

Summary

This agreement is between AvantGo, Inc., its founders, and certain preferred stock investors. It sets out how these parties will vote their shares to elect specific representatives to the company's Board of Directors. The agreement details the allocation of board seats among founders, investors, and outside directors, and includes conditions for when these rights end, such as after an IPO or ten years. It also specifies how the agreement can be amended and when share legends can be removed.

EX-4.3 7 0007.txt THIRD AMENDMENT AND RESTATED VOTING AGREEMENT EXHIBIT 4.3 AVANTGO, INC. THIRD AMENDED AND RESTATED VOTING AGREEMENT ------------------------------------------- This Third Amended and Restated Voting Agreement (the "Agreement") is made --------- as of the 8th day of March, 2000, by and among AvantGo, Inc., a Delaware corporation (the "Company"), Felix Lin, Linus Upson and Rafael Weinstein (the ------- "Founders"), and the holders of shares of Preferred Stock listed on Exhibit A -------- --------- (collectively, the "Investors" and individually, an "Investor"). --------- -------- RECITALS -------- A. The Company and certain investors (the "Prior Investors") entered ---------------- into that certain Second Amended and Restated Voting Agreement dated June 4, 1999 (the "Prior Agreement"), which agreement may be amended with the written --------------- consent of the Company, the holders of a majority of the Company's Series A Preferred Stock, the holders of a majority of the Company's Series B Preferred Stock, holders of a majority of the Company's Series C Preferred Stock, and the holders of a majority of the shares held by the Founders (the "Founders' --------- Shares"). - ------ B. The Company and certain Investors (the "New Investors") have entered ------------- into a Series D Preferred Stock Purchase Agreement (the "Purchase Agreement") of ------------------ even date herewith pursuant to which the Company desires to sell to the New Investors and the New Investors desire to purchase from the Company shares of the Company's Series D Preferred Stock. A condition to the New Investors' obligations under the Purchase Agreement is that the Company, the Founders and the Prior Investors amend and restate the Prior Agreement as provided herein for the purpose of setting forth the terms and conditions pursuant to which the Investors and the Founders shall vote their shares of the Company's voting stock in favor of certain designees to the Company's Board of Directors. The Company, the Prior Investors and the Founders each desire to facilitate the voting arrangements set forth in this Agreement, and the sale and purchase of shares of Series D Preferred Stock pursuant to the Purchase Agreement, by amending and restating the Prior Agreement as set forth herein. AGREEMENT --------- The parties hereby agree as follows: 1. Board Representation. During the term of this Agreement, to the extent -------------------- they are entitled under the Company's Fifth Amended and Restated Certificate of Incorporation (the "Restated Certificate") to vote on a particular matter, the -------------------- Founders and the Investors agree to vote all of the shares of the Company's voting securities now or hereafter owned by them, whether beneficially or otherwise (the "Shares"), by written consent, or at any annual or special ------ meeting called for the purpose of electing directors, so as to cause the total number of authorized directors of the Company to be not more or less than nine (9) and to elect members of the Board of Directors as more fully set forth below. (a) The Founders and the Investors agree to vote the Shares to elect two (2) designees of the Founders (the "Founder Directors"), which designees ----------------- shall be determined by the vote or written consent of a majority of the Founders' Shares, and which designees shall initially be Felix Lin and Linus Upson; 1 (b) The Founders and the Investors agree to vote the Shares to elect the Chief Executive Officer of the Company as one (1) member of the Company's Board of Directors, who initially shall be Richard Owen; (c) The Founders and the Investors agree to vote the Shares to elect one (1) designee (the "Series A Director") of 21st Century Internet Fund, L.P. ----------------- ("21st Century"), which designee shall initially be Peter H. Ziebelman; ------------ (d) The Founders and the Investors agree to vote the Shares to elect one (1) designee (the "Series B Director") of Adobe Ventures II, L.P. ("Adobe"), ----------------- ----- which designee shall initially be Christopher B. Hollenbeck; (e) The Founders and the Investors agree that (i) for so long as Sleepy Hollow Investment Partnership, L.P. ("Sleepy Hollow") owns not less than ------------- 200,000 shares of the Company's Series C Preferred Stock, each shall vote the Shares to elect one (1) designee of Sleepy Hollow, which designee shall initially be Gregory Waldorf, and (ii) in the event Sleepy Hollow owns less than 200,000 shares of the Company's Series C Preferred Stock, each shall vote the Shares to elect (1) designee of the majority of the holders of the Series C Preferred Stock then outstanding (in either case, the "Series C Director"); and ----------------- (f) The Founders and the Investors agree to vote the Shares to elect three (3) designees of the majority of the directors (the "Outside Directors"), ----------------- which Outside Directors shall initially be Robert Lesko, with the remaining vacancies to be filled as soon as reasonably practical. (g) This Agreement shall be limited to voting for the election of directors of the Company and shall not extend to voting upon questions and matters (other than the election of directors) upon which stockholders of the Company have a right to vote under the Restated Certificate or Bylaws of the Company or under the laws of the State of Delaware. 2. Legends. Each certificate representing Founders' or Investor's Shares ------- shall be endorsed by the Company with a legend reading as follows: "THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT BY AND AMONG THE COMPANY, THE FOUNDERS AND THE INVESTORS (A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY), AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT." 3. Termination. ----------- (a) This Agreement shall terminate upon the earliest to occur of (i) the consummation of the Company's initial public offering on a firm underwriting basis of any of its securities, and (ii) ten (10) years from the date hereof. At any time after the termination of this Agreement, any holder of a stock certificate legended pursuant to Section 2 may surrender such certificate to the Company for removal of the legend, and the Company will duly reissue a certificate without such legend. 2 (b) Each of the rights and obligations of (i) 21st Century to appoint a director pursuant to Section 1(c) hereof; (ii) Adobe to appoint a director ------------ pursuant to Section 1(d) hereof; and (iii) Sleepy Hollow or the holders of the ------------ outstanding Series C Preferred Stock to appoint a director pursuant to Section ------- 1(e) hereof (each, a "Designator" and collectively, the "Designators") shall - ---- terminate with respect to a Designator on the date upon which such Designator, its affiliates, partners, or limited partners no longer collectively owns, beneficially or of record, a number of shares of Company capital stock (or the Common Stock issuable upon conversion thereof) which shall represent in the aggregate not less than five percent (5%) of the outstanding equity securities of the Company, determined on an as-converted and fully-diluted basis (including for this purpose all shares of outstanding capital stock of the Company, all shares of capital stock issuable upon exercise of outstanding warrants and options to purchase capital stock of the Company, and all shares of capital stock reserved for issuance pursuant to the Company's 1997 Stock Option Plan). 4. Amendments; Waivers. Any term hereof may be amended or waived with ------------------- the written consent of (i) the Company; (ii) the holders of at least a majority of the Series A Preferred Stock of the Company; (iii) the holders of at least a majority of the Series B Preferred Stock of the Company; (iv) the holders of at least a majority of the Series C Preferred Stock of the Company, each voting as separate classes; and (iv) the holders of a majority of the Founders' Shares (or their respective successors and assigns) provided, however, that Section 1 (g) hereof may not be amended. Any amendment or waiver effected in accordance with this Section 4 shall be binding upon the Company, the Investors and any holder of Founders' Shares, and each of their respective successors and assigns. Notwithstanding the foregoing, Section 1(e) of this Agreement may only be ------------ amended with the consent of the Company and the holders of at least a majority Series C Preferred Stock of the Company, voting as a separate class. 5. Notices. Any notice required or permitted by this Agreement shall be ------- in writing and shall be deemed sufficient on the date of delivery, when delivered personally or by overnight courier or sent by telegram or fax, or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party's address as set forth below or on Exhibit A hereto, or as --------- subsequently modified by written notice. 6. Severability. If one or more provisions of this Agreement are held to ------------ be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded from this Agreement, (b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its terms. 7. Governing Law. This Agreement and all acts and transactions pursuant ------------- hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 8. Counterparts. This Agreement may be executed in two or more ------------ counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. 3 9. Successors and Assigns. The terms and conditions of this Agreement ---------------------- shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. [Signature Page Follows] 4 The parties have executed this Third Amended and Restated Voting Agreement as of the date first above written. COMPANY: AVANTGO, INC. By: /s/Richard Owen ------------------------------------ Richard Owen, Chief Executive Officer Address: 1700 South Amphlett Boulevard Suite 300 San Mateo, CA 94402 INVESTOR: Ford Motor Company ----------------------------------------- (Name) By: /s/ Kathryn S. Lamping ------------------------------------- Name: Kathryn S. Lamping ------------------------------------ Title: Assistant Secretary Address: 1 American Road -------------------------------- Dearborn, MI 48126-2798 ----------------------------------------- Fax: 313 ###-###-#### ----------------------------------- INVESTOR: Imagine Health, Inc ----------------------------------------- (Name) By: /s/ William J. Dawson ------------------------------------- Name: William J. Dawson ----------------------------------- Title: Vice President Address: c/o McKesson HBOC, Inc. -------------------------------- One Post Street, San Francisco, CA 94104 ----------------------------------------- Fax: 415 ###-###-#### ----------------------------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT INVESTOR: American Express Travel Related Services ---------------------------------------- Company, Inc., ---------------------------------------- (Name) By: /s/ Pierric Beckert ------------------------------------ Name: Pierric Beckert ---------------------------------- Title: SVP, Interactive Investments Address: 200 Vesey Street, 31st Floor ------------------------------- New York, NY 10285-3116 ---------------------------------------- Fax: 212 ###-###-#### ---------------------------------- INVESTOR: Pinnacle Ventures ---------------------------------------- (Name) By: /s/ Christopher J. Schaepe ------------------------------------ Name: Christopher J. Schaepe ---------------------------------- Title: Principal Address: 373 First Street ------------------------------- Los Altos, CA 94022 ---------------------------------------- Fax: 650 ###-###-#### ----------------------------------- INVESTOR: Adobe Ventures II, L.P. ---------------------------------------- (Name) By: /s/ Jackie Berterretche ------------------------------------ Name: Jackie Berterretche ----------------------------------- Title: Attorney-in-Fact Address: One Bush Street ------------------------------- San Francisco, CA 94104 ---------------------------------------- Fax: 415 ###-###-#### ----------------------------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT INVESTOR: H&Q AvantGo Investors, L.P. ------------------------------------------- (Name) By: H&Q Management Corp. --------------------------------------- Name: /s/ Jackie Berterretche ------------------------------------- Title: Attorney-in-Fact Address: One Bush Street ---------------------------------- San Francisco, CA 94104 ------------------------------------------- Fax: 415 ###-###-#### -------------------------------------- INVESTOR: Jeffrey T. Webber ------------------------------------------- (Name) By: /s/ Jeffrey T. Webber --------------------------------------- Name: Jeffrey T. Webber ------------------------------------- Title: Address: 1717 Embarcadero Road, Suite 2000, ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax:_______________________________________ INVESTOR: Sleepy Hollow Investment Partnership, L.P. ------------------------------------------- (Name) By: Fayez Sarofim Investment Partnership No. ---------------------------------------- 5, L.P. -------------------------------------------- Name: /s/ Raye G. White ------------------------------------- Title: Executive Vice President of the Managing General Partner, FSI No. 2 Corporation Address: P.O. Box 52830 ---------------------------------- Houston, TX 77052-2830 ------------------------------------------- Fax: 713 ###-###-#### -------------------------------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT INVESTOR: Joseph F. Brilando ------------------------------------------- (Name) By: /s/ Joseph F. Brilando. --------------------------------------- Name: Joseph F. Brilando ------------------------------------- Title: Address: 1717 Embarcadero Road, Suite 2000 ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: 650 ###-###-#### -------------------------------------- INVESTOR: C. Woodrow Rea Jr. ------------------------------------------- (Name) By: /s/ C. Woodrow Rea Jr. --------------------------------------- Name: C. Woodrow Rea Jr. ------------------------------------- Title: Address: 1717 Embarcadero, Suite 2000 ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: 650 ###-###-#### -------------------------------------- INVESTOR: RBW Investments, LLC ------------------------------------------- (Name) By: BW Management, LLC, its General Partner --------------------------------------- Name: /s/ Joseph F. Brilando ------------------------------------- Title: Managing Director Address: 1717 Embarcadero Road, Suite 2000, ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: (650) 424-8080 -------------------------------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT INVESTOR: The Entrepreneurs' Growth Fund, L.P. ------------------------------------------- (Name) By: BW Management II, LLC, its General --------------------------------------- Partner ------------------------------------------- Name: /s/ C. Woodrow Rea Jr. ------------------------------------- Title: Managing Director Address: 1717 Embarcadero Road, Suite 2000, ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: 650 ###-###-#### -------------------------------------- INVESTOR: The Entrepreneurs' Fund II, L.P. ------------------------------------------- (Name) By: BW Management II, LLC, its General --------------------------------------- Partner ------------------------------------------- Name: /s/ C. Woodrow Rea Jr. ------------------------------------- Title: Managing Director Address: 1717 Embarcadero Road, Suite 2000, ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: 650 ###-###-#### -------------------------------------- INVESTOR: The Entrepreneurs' Fund, L.P. ------------------------------------------- (Name) By: BW Management II, LLC, its General --------------------------------------- Partner ------------------------------------------- Name: /s/ Joseph F. Brilando ------------------------------------- Title: Managing Director Address: 1717 Embarcadero Road, Suite 2000, ---------------------------------- Palo Alto, CA 94303 ------------------------------------------- Fax: 650 ###-###-#### -------------------------------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT INVESTOR: 21st Century Internet Fund ------------------------------------------ (Name) By: /s/ Peter Zeibelman --------------------------------------- Name: Peter Zeibelman ------------------------------------ Title: Address:__________________________________ __________________________________________ Fax:______________________________________ SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT THE GOLDMAN SACHS GROUP, INC. By: /s/ Richard Friedman -------------------- Name: Richard Friedman ---------------- Title: Vice President --------------- STONE STREET FUND 2000, L.P. By: Stone Street 2000, L.L.C., its general partner By: /s/ Richard Friedman -------------------- Name: Richard Friedman ---------------- Title: Vice President --------------- BRIDGE STREET SPECIAL OPPORTUNITIES FUND 2000, L.P. By: Bridge Street Special Opportunities 2000, L.L.C., it general partner By: /s/ Richard Friedman -------------------- Name: Richard Friedman ---------------- Title: Vice President --------------- GOLDMAN SACHS INVESTMENTS LIMITED By: /s/ Jenny Truzzano ------------------ Name: Jenny Truzzano --------------- Title: Vice President --------------- SIGNATURE PAGE TO THIRD AMENDED AND RESTATED VOTING AGREEMENT PRIOR INVESTORS:

FOUNDERS: /s/ Felix Lin - --------------------------------------------- Felix Lin Address: 2602 Dolores Street San Mateo, CA 94403 /s/ Linus Upson - --------------- Linus Upson Address: P.O. Box 620603 Woodside, CA 94062 /s/ Rafael Weinstein - -------------------- Rafael Weinstein Address: 315 Duncan Street, Apt 6 San Francisco, CA 94131 EXHIBIT A --------- INVESTORS --------- The Goldman Sachs Group, Inc. 85 Broad Street, 10/th/ Floor New York, NY 10004 Attention: Tara Harrison Fax: (212) 357-5505 Stone Street Fund 2000, L.P. 85 Broad Street, 10/th/ Floor New York, NY 10004 Attention: Tara Harrison Fax: (212) 357-5505 Bridge Street Special Opportunities Fund 2000, L.P. 85 Broad Street, 10/th/ Floor New York, NY 10004 Attention: Tara Harrison Fax: (212) 357-5505 Goldman Sachs Investments Limited 85 Broad Street, 10/th/ Floor New York, NY 10004 Attention: Tara Harrison Fax: (212) 357-5505 Yahoo!, Inc. 3420 Central Expressway Santa Clara, CA 95051 Fax: (408) 328-7939 Fax: (408) 731-3400 Pinnacle Ventures 3721 Ortega Court Palo Alto, CA 94306 Fax: 415 ###-###-#### Imagine Health, Inc. c/o McKesson HBOC 1 Post Street, 34/th/ Floor San Francisco, California 94104 Fax: (415) Ford Motor Company 1 American Road Dearborn, MI 48126-2798 Fax: (313) 594-3332 American Express Travel Related Services Company, Inc. World Financial Center New York, NY 10285-3116 Fax: (212) 619-8610 The Entrepreneurs Growth Fund, L.P. 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### The Entrepreneurs Fund I, L.P. 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### The Entrepreneurs Fund II, L.P. 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### RBW Investments LLC 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### Jeff Webber 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### C. Woodrow Rea 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### Joe Brilando 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax ###-###-#### Sleepy Hollow Investment Partnership, L.P. Two Houston Center Suite 2907 Houston, TX 77010 Fax: Microsoft Corporation One Microsoft Way Redmond, WA 98052 Attn: Chief Financial Officer CC: General Counsel, Finance and Administration Fax: 3Com Ventures, Inc. C/O 3Com Corporation 5400 Bayfront Plaza Santa Clara, CA 95052 Attn: Vice President, Business Development Fax: (408) 326-7207 cc: General Counsel Fax: (408) 326-6434 21st Century Internet Fund, L.P. 2 South Park, 2nd Floor San Francisco, CA 94107 Fax: (415) 512-2650 Adobe Ventures II, L.P. c/o Hambrecht & Quist Incorporated One Bush Street, 18/th/ Floor San Francisco, CA 94104 Fax: (415) 439-3621 H&Q AvantGo Investors, L.P. c/o Hambrecht & Quist Incorporated One Bush Street, 18/th/ Floor San Francisco, CA 94104 Fax: (415) 439-3621 Hambrecht & Quist Employee Venture Fund, L.P. II c/o Hambrecht & Quist Incorporated One Bush Street, 18/th/ Floor San Francisco, CA 94104 Fax: (415) 439-3621 Tacit Fund, L.P. 100 Hamilton Avenue, Suite 160 Palo Alto, CA 94301 Fax: Stealth Fund, L.P. 100 Hamilton Avenue, Suite 160 Suite 2000 Palo Alto, CA 94301 Fax: Entrepreneurs Fund, L.P. 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax: RBW Investments LLC 1717 Embarcadero Road Suite 2000 Palo Alto, CA 94303 Fax: Cornerstone Properties LLP Bayshore Corporate Center 1720 South Amphlett Blvd. Suite 110 San Mateo, CA 94402 Fax: (650) 574-0610 Angel Investors, L.P. c/o Wilson, Sonsini, et al., 650 Page Mill Road Palo Alto, CA 94304 Fax: TWB Investment Partnership c/o Perkins Coie LLP 1201 Third Avenue, 40/th/ Floor Seattle, WA 98101-3099 Fax: (206) 583-8500 Evans Partners LLC 716 Laurel Street San Carlos, CA 94070 Fax: (831) 423-2301 Charlotte Ziems 1052 Edgewood Road Redwood City, CA 94062 Fax: (650) 599-9311 David Pesikoff 2206 Quenby Street Houston, TX 77005 Fax: Felix Lin 2602 Dolores Street San Mateo, CA 94403 Fax: Linus Upson P.O. Box 620603 Woodside, CA 94062 Fax: David Moore 23 Baker Street San Francisco, CA 94117 Fax: RIM USA Capital Corporation 295 Phillip Street Waterloo, Ontario Canada N2L 3W8 Fax: (519) 888-6906 Broadview SLP 950 Tower Lane, 18th Floor Foster City, CA ###-###-#### Fax: 650 ###-###-#### DRW Venture Partners L.P. Dain Rauscher Plaza 60 South Sixth Street Minneapolis, MN 55402 Fax: (612) 373-1610 Allen & Company Incorporated 711 Fifth Avenue New York, NY 10022 Fax: (212) 508-5839 Angel (Q) Investors II, L.P. C/O J. Casey McGlynn 650 Page Mill Road Palo Alto, CA 94304 Fax: (650) 493-6811 The Leasing Group, plc 42 Kenavon Drive Reading Berkshire RG1 3DJ Write Image Limited 271 Regent Street London W1R 8BP Randy Blumenthal 2765 Sand Hill Road Menlo Park, CA 94025 Meredith Family Revocable Trust u/a/d 12/16/94, amended 9/30/99 C/O Thomas Meredith 70 Pascal Lane Austin, TX 78746 Curtis Smith 15 San Antonio Place #303 San Francisco, CA 94133 Scott Bonham 283 30/th/ Avenue San Francisco, CA 94121 TWB Investment Partnership 1201 Third Avenue, 40/th/ Floor Seattle, WA 98101 Fax: (206) 587-8500 SKGF Investments-2000-1, L.L.C. 1100 New York Ave #600 N.W. Washington, D.C. 20005