AMENDED ANDRESTATED INFORMATION AND REGISTRATION RIGHTS AGREEMENT

EX-4.3 6 dex43.htm AMDMT NO. 1 TO AMDED AND RESTD INFORMATION DATED MARCH 6, 2004 Amdmt No. 1 to Amded and Restd Information dated March 6, 2004

EXHIBIT 4.3

 

CORCEPT THERAPEUTICS INCORPORATED

 

AMENDMENT NO. 1 TO

AMENDED AND RESTATED INFORMATION AND

REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED INFORMATION AND REGISTRATION RIGHTS AGREEMENT (the “Amendment”) is made as of March 16, 2004 by and among Corcept Therapeutics Incorporated, a Delaware corporation (the “Company”), and the persons and entities listed on the attached Exhibit A (collectively, the “Investors”).

 

RECITALS

 

A. In connection with the sale by the Company of its Series C Preferred Stock, the Company and the Investors entered into that certain Amended and Restated Information and Registration Rights Agreement dated as of May 8, 2001 (the “Rights Agreement”).

 

B. Section 18.5 of the Rights Agreement provides that the Rights Agreement may be amended by a written instrument signed by the Company and by persons holding a majority of the Registrable Securities calculated on an as-converted basis.

 

C. The Investors who have executed this Amendment hold a majority of the Registrable Securities calculated on as-converted basis.

 

D. In connection with the initial Registered public offering of the Company’s Common Stock, the Investors and the Company wish to amend the Rights Agreement as set forth herein.

 

THE PARTIES AGREE AS FOLLOWS:

 

1. Terms not defined in this Amendment shall have the meaning set forth in the Rights Agreement.

 

2. Except as set forth in this Amendment, the Rights Agreement shall remain in full force and effect.

 

3. Section 6.2(c) of the Rights Agreement shall be amended and restated to read in its entirety as follows:

 

(c) Allocation of Shares in Piggyback Registration. In the event that the Underwriter’s Representative limits the number of shares to be included in a Registration pursuant to Section 6.2(b), the number of shares to be included in such

 


Registration shall be allocated (subject to Section 6.2(b)) in the following manner: the number of shares that may be included in the Registration and underwriting by selling stockholders shall be allocated among all Holders thereof and other holders of securities (other than Registrable Securities) requesting and legally entitled to include such securities in such Registration, in proportion, as nearly as practicable, to the respective amounts of securities (including Registrable Securities) which such Holders and such other holders would otherwise be entitled to include in such Registration; provided, however, that notwithstanding any provision to the contrary in this Agreement, including without limitation this Section 6, Alan Schatzberg, or a member of his immediate family (“Schatzberg”), may sell in the Company’s initial Registered public offering up to Seven Hundred Fifty Thousand (750,000) shares of the Company’s Common Stock. In such event, provided that the Underwriter’s Representative advises the Company that no Registrable Securities may be included in the initial Registered public offering due to market factors, then no Holder, other than Schatzberg, shall be entitled to exercise piggyback registration rights pursuant to this Agreement in connection with such offering. No Registrable Securities or other securities excluded from the underwriting by reason of this Section 6.2(c) shall be included in the Registration Statement.

 

4. This Agreement may be executed in two or more counterparts, including by facsimile, each of which shall constitute an original but all of which shall constitute one and the same instrument.

 


IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the Amended and Restated Information and Registration Rights Agreement as of the date first above written.

 

Company:

     

CORCEPT THERAPEUTICS INCORPORATED,

a Delaware corporation

            By:  

/s/    ROBERT L. ROE

               
           

Name:

 

Robert L. Roe

               
            Title:  

President

               

 

Investor:

     

SUTTER HILL VENTURES,

a California Limited Partnership

            By:  

/s/    G. LEONARD BAKER, JR.

               
            Name:  

G. Leonard Baker, Jr.

               
                Managing Director of the General Partner

 

       

SUTTER HILL ENTREPRENEURS FUND (AI), L.P.

            By:  

/s/    G. LEONARD BAKER, JR.

               
           

Name:

 

G. Leonard Baker, Jr.

               
                Managing Director of the General Partner

 

       

SUTTER HILL ENTREPRENEURS FUND (QP), L.P.

            By:  

/s/    G. LEONARD BAKER, JR.

               
           

Name:

 

G. Leonard Baker, Jr.

               
                Managing Director of the General Partner

 


TOW PARTNERS,

A California Limited Partnership

By:  

/s/    PAUL M. WYTHES

   
    Paul M. Wythes, General Partner

 

ANVEST, L.P.
By:  

/s/    DAVID L. ANDERSON

   
    David L. Anderson, General Partner

 

SAUNDERS HOLDINGS, L.P.
By:  

/s/    G. LEONARD BAKER, JR.

   
    G. Leonard Baker, Jr., General Partner

 

THE COXE/OTUS REVOCABLE TRUST

U/A/D/ 4/23/98, TENCH COXE, TRUSTEE,

By:  

/s/    TENCH COXE

   

Name:

 

Tench Coxe

   
Title:  

Trustee

   

 

THE TAMERLANE CHARITABLE REMAINDER UNITRUST

By:  

/s/    TENCH COXE

   
    Tench Coxe, Trustee

 

/s/    GREGORY P. SANDS

GREGORY P. SANDS

 


/s/    G. LEONARD BAKER, JR.

G. LEONARD BAKER, JR.

 

GREGORY P. AND SARAH J.D. SANDS,

TRUSTEES, THE GREGORY P. SAND SARAH J.D. SANDS TRUST AGREEMENT DATED 2/24/99

/s/    GREGORY P. SANDS


Gregory P. Sands, Trustee

 

THE YOUNGER LIVING TRUST, U/A/D 1/20/95 WILLIAM H. YOUNGER, JR., TRUSTEE

/s/    WILLIAM H. YOUNGER, JR.


William H. Younger, Jr., Trustee

 

SHV M/P/T/ FBO MICHELE Y. PHUA, WELLS FARGO BANK, TRUSTEE

By:

 

/s/    EVAN HODGENS

   

Name:

 

Evan Hodgens

   

Title:

 

Vice President

   

 

SHV M/P/T FBO WILLIAM H. YOUNGER, JR., WELLS FARGO BANK, TRUSTEE

By:

 

/s/    EVAN HODGENS

   

Name:

 

Evan Hodgens

   

Title:

 

Vice President

   

 


S HV M/P/T FBO SHERRYL W. HOSSACK, WELLS FARGO BANK, TRUSTEE
By:  

/s/    EVAN HODGENS

   

Name:

 

Evan Hodgens

   

Title:

 

Vice President

   

 

WYTHES 1999 GRANDCHILDREN’S TRUST, JENNIFER W. VETTEL, PAUL M. WYTHES, JR., AND LINDA W. KNOLL, TRUSTEES
By:  

/s/    DAVID E. SWEET

   
    David E. Sweet, under Power of Attorney

 

THE REED TRAFFORD VETTEL 1999 IRREVOCABLE TRUST; LINDA W. KNOLL AND PAUL M. WYTHES, Jr., TRUSTEES
By:  

/s/    DAVID E. SWEET

   
    Paul M. Wythes, Jr., Trustee by David E. Sweet under Power of Attorney

 

PAUL M. WYTHES AND MARSHA R. WYTHES TRUSTEES, THE WYTHES LIVING TRUST (7/21/87)
By:  

/s/    DAVID E. SWEET

   
    by David E. Sweet under Power of Attorney

 


MARGARET LINDA VETTEL 1997 IRREVOCABLE TRUST, LINDA W. KNOLL AND PAUL M. WYTHES, JR., TRUSTEES
By:  

/s/    DAVID E. SWEET

   
   

Paul M. Wythes, Jr., Trustee by David E. Sweet

Under Power of Attorney

 

THE ANDERSON LIVING TRUST, U/A/D 1/22/98, DAVID L. ANDERSON, TRUSTEE
By:  

/s/    DAVID L. ANDERSON

   
    David L. Anderson, Trustee

 

/s/    JAMES C. GAITHER


JAMES C. GAITHER

 

/s/    LAWRENCE EBRINGER


LAWRENCE EBRINGER

 

JAMES N. WILSON AND PAMELA D. WILSON TRUST, U/D/T SEPTEMBER 27, 1983
By:  

James N. Wilson

   

Name:

  James N. Wilson

Title:

  Trustee

 

/s/    PATRICIA TOM


PATRICIA TOM

 


/s/    LYNNE M. BROWN


LYNNE M. BROWN

 

/s/    MICHELE PHUA, TRUSTEE


PHUA FAMILY TRUST DATED OCTOBER 24, 2002

 

/s/    DAVID E. SWEET


SHERRYL W. HOSSACK by David E. Sweet Under Power of Attorney

 

/s/    DAVID E. SWEET


DAVID SWEET

 

1999 MELMON FAMILY TRUST, PAUL W. MELMON, TRUSTEE
By:  

/s/    DAVID E. SWEET

   

Name:

 

David E. Sweet Under Power of Attorney

   

 

WHITE FAMILY TRUST DATED 4/3/97, JAMES N. WHITE AND PATRICIA A. O’BRIEN, TRUSTEES

By:

 

/s/    JAMES N. WHITE

   

Name:

 

James N. White

   

Title:

 

Trustee

   

 


ALTA BIOPHARMA PARTNERS II, L.P.

By:

 

/s/    ALIX MARDUEL

   

Name:

 

Alix Marduel

   

Title:

 

Managing Director

   

 

ALTA EMBARCADERO BIOPHARMA PARTNERS II, LLC

By:

 

/s/    HILARY STRAIN

   

Name:

 

Hilary Strain

   

Title:

 

VP of Finance and Admin.

   


MAVERICK FUND, LDC
By:  

/s/    JOHN T. MCCAFFERTY

   

Name:

 

John T. McCafferty

   

Title:

 

Principal and General Counsel

   

 

MAVERICK FUND USA, LTD.
By:  

/s/    JOHN T. MCCAFFERTY

   

Name:

 

John T. McCafferty

   

Title:

 

Principal and General Counsel

   

 

MAVERICK FUND II, LTD.
By:  

/s/    JOHN T. MCCAFFERTY

   

Name:

 

John T. McCafferty

   

Title:

 

Principal and General Counsel

   


 

/s/    ROBERT ROE


ROBERT ROE

 

 

/s/    JAY CECIL


JAY CECIL

 

 

 

/s/    STUART DUTY


STUART DUTY

 

 

/s/    LAWRENCE J. HATTERER


DR. LAWRENCE HATTERER

 

/s/    JO SHEN


JOSEPHINE HAI-I SHEN

 

 

/s/    MALCOLM L. GEFTER


MALCOLM L. GEFTER

 

 

/s/    ANDREW GALLIGAN


ANDREW GALLIGAN

 


 

/s/    VAUGHN D. BRYSON


VAUGHN D. BRYSON

 

/s/    STANLEY WATSON


STANLEY WATSON

 

 

/s/    SARAH A. O’DOWD


SARAH A. O’DOWD

 

/s/    CHRISTOPHER P. SAARI


CHRISTOPHER P. SAARI

 

/s/    ROBERT H. ELLS


ROBERT H. ELLS

 

 


 

SHV M/P/T FBO MICHELE Y. PHUA, WELLS FARGO BANK, TRUSTEE

 

By:  

/s/    EVAN HODGENS


Name:

 

Evan Hodgens


Title:

 

Vice President


 

SHV PROFIT SHARING PLAN FBO GREGORY

P. SANDS, WELLS FARGO BANK, TRUSTEE

 

By:  

/s/    EVAN HODGENS


Name:

 

Evan Hodgens


Title:

 

Vice President


 

SHV PROFIT SHARING PLAN FBO DAVID E.

SWEET (ROLLOVER), WELLS FARGO BANK, TRUSTEE

 

By:  

/s/    EVAN HODGENS


Name:

 

Evan Hodgens


Title:

 

 

Vice President


 


 

SHV PROFIT SHARING PLAN FBO LYNNE M.

BROWN, WELLS FARGO BANK, TRUSTEE

 

By:  

/s/    EVAN HODGENS


Name:

 

Evan Hodgens


Title:

 

Vice President


 

SHV PROFIT SHARING PLAN FBO PATRICIA

TOM, WELLS FARGO BANK, TRUSTEE

 

By:  

/s/    EVAN HODGENS


Name:

 

Evan Hodgens


Title:

 

Vice President