EX-10.48: AMENDMENT TO REGISTRATION RIGHTS AGREEMENT

EX-10.48 3 y07550exv10w48.htm EX-10.48: AMENDMENT TO REGISTRATION RIGHTS AGREEMENT EX-10.48:
 

EXHIBIT 10.48

     
 
   
  AMENDMENT AND JOINDER, dated as
  of April 6, 2005 (this “Amendment and
  Joinder”), to the Amended and Restated
  Registration Rights Agreement dated
  December 16, 2002 (the “Agreement”).
  among GREENFIELD ONLINE, INC., a
  Delaware corporation (the “Company”), and
  the Shareholders listed therein.

RECITALS

          In connection with the Purchase by the Company of all, or substantially all of the outstanding shares of Ciao AG (“Ciao” and “Ciao Shares”), from the shareholders listed on the signature pages thereto (the Ciao Shareholders”), pursuant to a certain Share Purchase Agreement (the Share Purchase Agreement”), between the Company and the Ciao Shareholders dated April 6, 2005, the Company has requested that the C-1 Shareholders agree to amend the Agreement to allow the Common Shares received by the Ciao Shareholders in consideration of their Ciao Shares to join and be subject to the Agreement as if such Common Shares were Series C-1 Shares and the holders thereof were Series C-1 Shareholders. The C-1 Shareholders are willing to agree to such amendment and joinder, but only on the terms and subject to the conditions set forth herein.

          NOW, THEREFORE, the parties hereto hereby agree as follows:

     Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms shall be accorded the definitions assigned to them in the Agreement.

     Section 2. Amendments to the Registration Rights Agreement.

          2.1. The definition of Series C-1 Shareholders is replaced in its entirety as follows:

          “Series C-1 Shareholders” means those Shareholders who purchased the Company’s Series C-1 Convertible Participating Preferred Stock pursuant to the Purchase Agreement, and those Shareholders who were issued Common Shares as partial consideration for their sale to the Company of shares in Ciao AG, and continue to own Restricted Shares.

          2.2. The definition of Series C-1 Registrable Shares is replaced in its entirety as follows:

Series C-1 Registrable Shares” means Restricted Shares that were converted into Common Shares from the Company’s Series C-1 Convertible Participating Preferred Stock or Common Shares issued by the Company in connection with a certain Share Purchase Agreement between the Company and the shareholders of Ciao AG, dated April 6, 2005.

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     Section 3. Joinder. The Ciao Shareholders listed on the signature pages hereto each agree to join and become subject to the Agreement with respect of the Common Shares that they receive from the Company as consideration for the sale and conveyance to the Company of their Ciao Shares.

     Section 4. References to the Registration Rights Agreement. From and after the date hereof, all references in the Registration Rights Agreement shall be deemed to be references to Registration Rights Agreement after giving effect to this Amendment and Joinder.

     Section 5. No Other Amendments. Except as expressly set forth herein, the Agreement remains in full force and effect in accordance with its terms and nothing contained herein shall be deemed (i) to be a waiver, amendment, modification or other change of any term, condition or provision of the Agreement (or a consent to any such waiver, amendment, modification or other change), (ii) to be a consent to any transaction, (iii) to prejudice any right or rights which the Shareholders may have under the Agreement, or (iv) to entitle the Company to a waiver, amendment, modification or other change of any term, condition or provision of the Agreement (or a consent to any such waiver, amendment, modification or other change), or to a consent, in the future in similar or different circumstances.

     Section 6. Further Assurances. The parties hereto agree to do such further acts and things, and to execute and deliver such additional conveyances, assignments, agreements and instruments, as the Company may at any time reasonably request in connection with the administration and enforcement of this Amendment and Joinder.

     Section 7. Notices. All notices, demands and requests of any kind to be delivered to any party hereto in connection with this Amendment and Joinder shall be delivered in accordance with the notice provisions contained in the Agreement.

     Section 8. Headings. The headings used herein are for convenience of reference only and shall not affect the construction of, nor shall they be taken into consideration in interpreting, this Amendment and Joinder.

     Section 9. Counterparts. This Amendment and Joinder may be executed in any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.

     Section 10. Applicable Law. THIS AMEDNMENT AND JOINDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAWS OF THE STATE OF NEW YORK WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH

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JURISDICTION’S CHOICE OF LAW OR CONFLICTS OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY.

***** SIGNATURE PAGES FOLLOW *****

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GREENFIELD ONLINE, INC.

         
By
  /s/ Jonathan A. Flatow    
 
   
Jonathan A. Flatow    
Secretary    

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
        INSIGHT CAPTIAL PARTNERS
        III, L.P.
 
                   
    INSIGHT CAPTIAL PARTNERS III,   By: Insight Venture Associates, III,
    L.P.   LLC, its general partner
  680 5th Ave                
  10th Floor                
  New York, New York 10019                
  Attention: Jeffrey Horing   By   /s/ Jeffrey Horing        
                   
    Tel: (212)  ###-###-####   Jeffrey Horing, Its Managing
    Fax: (212)  ###-###-####   Member
 
                   
  O’MELVENY & MYERS LLP                
  30 Rockefeller Plaza                
  New York, New York 10112                
  Telephone: 212 ###-###-####                
  Facsimile: 212 ###-###-####                
  Attn: Ilan S. Nissan, Esq.                
 
                   
        Social Security Number or Federal
        Tax Identification Number: _______

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
        INSIGHT CAPTIAL PARTNERS
        III, (CAMAN) L.P.
 
                   
        By: Insight Venture Associates, III,
    INSIGHT CAPTIAL PARTNERS III,   LLC, its general partner
  (CAMAN) L.P.                
  680 5th Ave                
  10th Floor                
  New York, New York 10019   By   /s/ Jeffrey Horing        
                   
    Attention: Jeffrey Horing   Jeffrey Horing, Its Managing
    Tel: (212)  ###-###-####   Member
  Fax: (212)  ###-###-####                
 
                   
  O’MELVENY & MYERS LLP                
  30 Rockefeller Plaza                
  New York, New York 10112                
  Telephone: 212 ###-###-####                
  Facsimile: 212 ###-###-####                
  Attn: Ilan S. Nissan, Esq.                
 
                   
        Social Security Number or Federal
        Tax Identification Number: _______

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
        INSIGHT CAPTIAL PARTNERS III,
        (CO-INVESTORS) L.P.
 
                   
        By: Insight Venture Associates, III,
    INSIGHT CAPTIAL PARTNERS III,   LLC, its general partner
  (CO-INVESTORS) L.P.                
  680 5th Ave                
  10th Floor                
  New York, New York 10019   By   /s/ Jeffrey Horing        
                   
    Attention: Jeffrey Horing   Jeffrey Horing, Its Managing
    Tel: (212)  ###-###-####   Member
  Fax: (212)  ###-###-####                
 
                   
  O’MELVENY & MYERS LLP                
  30 Rockefeller Plaza                
  New York, New York 10112                
  Telephone: 212 ###-###-####                
  Facsimile: 212 ###-###-####                
  Attn: Ilan S. Nissan, Esq.                
 
        Social Security Number or Federal
        Tax Identification Number: _______
       

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
        UBS CAPITAL II LLC
 
                   
      By   /s/ Lawrence R. Handen        
                   
  UBS Capital II LLC       Lawrence R. Handen, Partner        
  299 park Avenue   By   /s/ Mark Greene        
  34th Floor       Mark Greene, Partner        
  New York, New York 10171                
  Attention: Lawrence R. Handen                
  Tel: (212)  ###-###-####                
  Fax: (212)  ###-###-####                
 
                   
    with copies to:                
  Kaye, Scholer LLP                
  425 Park Avenue                
  New York, New York 10022                
  Attention:Mark S. Kingsley                
  Tel: (212)  ###-###-####                
  Fax: (212)  ###-###-####                
 
                   
 
                   
        Social Security Number or Federal Tax
        Identification Number: _______

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
  GOL, L.L.C.                
  c/o Mesco Ltd.                
  470 Main Street                
  Suite 315   By            
                   
  Ridgefield, CT 06877       Joel R. Mesznik        
  Attention: Joel Mesznik                
  Tel: (203)  ###-###-####                
  Fax: (203)  ###-###-####                
 
                   
    with copies to:                
  Preston Gates & Ellis LLP                
  701 Fifth Avenue                
  Suite 5000                
  Seattle, WA 98104                
  Attention: Robert Jaffe, Esq.                
  Tel: (206)  ###-###-####                
  Fax: (206)  ###-###-####                
        Social Security Number or Federal
        Tax Identification Number: _______

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
  Burton J. Manning                
  655 Park Avenue, #8E                
  New York, NY 10021   By            
                   
  Tel: (212)  ###-###-####       Burton J. Manning        
  Fax: (212)  ###-###-####                
 
                   
        Social Security Number or Federal
        Tax Identification Number: _______

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          The foregoing Amendment and Joinder is hereby executed as of the date first above written.

                     
  JOEL R. MESZNIK                
  c/o Mesco Ltd.   By            
                   
  470 Main Street       Joel R. Mesznik        
  Suite 315                
  Ridgefield, CT 06877                
  Attention: Joel Mesznik                
  Tel: (203)  ###-###-####                
  Fax: (203)  ###-###-####                
 
                   
    with copies to:                
  Preston Gates & Ellis LLP                
  701 Fifth Avenue                
  Suite 5000                
  Seattle, WA 98104                
  Attention: Robert Jaffe, Esq.                
  Tel: (206)  ###-###-####                
  Fax: (206)  ###-###-####                
 
                   
        Social Security Number or Federal
        Tax Identification Number: _______

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Agreed and acknowledged this 6th day of April 2005:

                           
           
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
 
 
                       
  /s/ Marcus Frederick Paul     /s/ i.v. Peter Nussbaum  
  Marcus Frederick Paul

    Maximilian Ulrich Cartellieri  
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
  Burda Digital Ventures GmbH     Paarl Ventures GmbH  
 
 
                       
 
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum          
 
                       
 
Its
        Its              
 
                       
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
  Apax Europe IV A LP     Index Ventures I (Jersey)  
 
 
                       
 
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum          
 
                       
 
Its
        Its              
 
                       
           
 
CIAO SHAREHOLDER:
   
CIAO SHAREHOLDER:
 
 
 
                       
  /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum        
  Nicolas Metzke     Gunnar Piening  
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
 
 
                       
  /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum        
  Irmgard Böhm     Caroline Beate Cartellieri  
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
  Index Ventures I (Delaware) L. P., Delaware     Index Ventures I Parallel Entrepreneur Fund  
 
        (Jersey)   , L. P., Jersey          
 
 
                       
 
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum          
 
                       
 
Its
        Its              
 
                       
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
  Index Ventures I GmbH & Co. KG, München     Index Venture Management SA, Genf  
 
 
                       
 
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum          
 
                       
 
Its
        Its              
 
                       
           

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CIAO SHAREHOLDER:
   
CIAO SHAREHOLDER:
 
 
 
                       
  /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum        
  Florentin Kesel     Harald Einsmann  
           
 
 
                       
  CIAO SHAREHOLDER:     CIAO SHAREHOLDER:  
 
 
                       
  /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum        
  Hans Piening     Margit Piening  
           
 
CIAO SHAREHOLDER:
   
CIAO SHAREHOLDERS’ REPRESENTATIVE:
 
 
 
                       
  /s/ Peter Nussbaum     /s/ Peter Nussbaum        
  Dr. Peter Nussbaum     Dr. Peter Nussbaum  
           

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