First Amendment to Fourth Amended and Restated Registration Rights Agreement by and among SpeechWorks International, Inc., InterVoice-Brite, Inc., and Investors

Summary

This amendment, dated May 1, 2000, updates the existing Registration Rights Agreement between SpeechWorks International, Inc., InterVoice-Brite, Inc., and various investors. It adds InterVoice-Brite as a holder entitled to registration rights for shares issuable under its warrant, and supersedes previous registration rights terms for those shares. The amendment is only effective if signed by the company and holders of a majority of the registrable stock by May 17, 2000. All other terms of the original agreement remain in effect.

EX-10.12 7 0007.txt 1ST AMEND. TO 4TH AMEND. & RESTATED REGISTRATION RIGHTS AGREEMENT EXHIBIT 10.12 FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT THIS FIRST AMENDMENT, dated as of May 1, 2000 (this "Agreement"), to the Fourth Amended and Restated Registration Rights Agreement dated as of April 11, 2000 (the "Registration Rights Agreement"), by and among SPEECHWORKS INTERNATIONAL, INC., a Delaware corporation (the "Company") and the stockholders of the Company named therein, is by and among the Company, the purchasers of the Company's Series E Convertible Preferred Stock named on the signature page hereto as Investors (collectively, the "Investors") and the Holders (as defined herein). All other capitalized terms used herein and not otherwise defined have their respective meanings set forth in the Registration Rights Agreement. WHEREAS, InterVoice-Brite, Inc. ("InterVoice") holds a warrant to purchase 741,237 shares of the Company's Common Stock under the terms of that certain Stock Purchase Warrant dated as of January 28, 1997 (the "InterVoice Warrant"); WHEREAS, the InterVoice Warrant contains certain registration rights with respect to the shares issuable upon exercise of the Warrant; WHEREAS, the Company and InterVoice-Brite desire to amend this Agreement in order to provide to InterVoice the rights afforded under this Agreement in consideration for InterVoice agreeing to execute and deliver that certain "lock- up" letter agreement to Chase Securities, Inc. dated as of even date herewith; WHEREAS, the Investors who are signatories hereto hold in the aggregate a sufficient number of shares of Registrable Stock to amend the Registration Rights Agreement in accordance with Section 14 thereof; and NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties agree as follows. 1. Amendment. This Agreement is hereby amended as follows: --------- (a) by adding the following subclause (d) to the defintion of "Registrable Stock": "all the shares of Common Stock issued or issuable upon exercise of any warrant now or hereafter held by InterVoice-Brite, Inc.". (b) by renumbering the current subclause "(d)" thereof as subclause "(e)". (c) InterVoice shall be included as a Holder as defined in the Agreement. 2. Continued Effect. As amended hereby, the Registration Rights Agreement ---------------- is hereby ratified and confirmed and agreed to by all of the parties hereto and continues in full force and effect. 3. InterVoice Warrant Terms. The terms of Section 5 of the InterVoice ------------------------ Warrant are hereby superceded and replaced by the terms hereof with respect to the registration rights for the Warrant Shares (as defined therein). 4. Condition to Effectiveness. This Agreement is expressly conditioned -------------------------- upon, and will not be effective without, InterVoice having received by May 17, 2000 an executed original hereof signed by both the Company and the Holders of at least a majority of the Registrable Stock (as such terms are defined in the Fourth Amended and Restated Registration Rights Agreement). 5. Counterparts. This Agreement may be executed in any number of ------------ counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 6. Governing Law. This Agreement shall be governed by, and construed in ------------- accordance with the laws of the State of Delaware. [signature pages follow] 2 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. SPEECHWORKS INTERNATIONAL, INC. By: /s/ Stuart Patterson ------------------------------------- Stuart Patterson, President and Chief Executive Officer INTERVOICE-BRITE, INC. By: /s/ Rob-Roy Graham ------------------------------------- Rob-Roy Graham, Chief Financial Officer INVESTORS: iGATE VENTURES I, L.P. By: /s/ Ajmal Noorani ------------------------------------- Name: Ajmal Noorani Title: Partner REUTERS HOLDINGS SWITZERLAND SA By: ------------------------------------- Name: Title: CITICORP STRATEGIC TECHNOLOGY CORP. By: -------------------------------------- Name: Title: GE CAPITAL EQUITY INVESTMENTS, INC. By: -------------------------------------- Name: Title: Signature Page to First Amendment to SpeechWorks Registration Rights Agreement 3 MCI WORLDCOM VENTURE FUND, INC. By: /s/ Susan Mayer -------------------------------------- Name: Susan Mayer Title: President CHARLES RIVER PARTNERSHIP VII By: /s/ Richard M. Burnes -------------------------------------- Name: Richard M. Burnes Title: Manager, CRP VII ATLAS VENTURE FUND II, L.P. By: Atlas Venture Associates II, L.P., its general partner By: /s/ Jean Francois Formela -------------------------------------- Name: Jean Francois Formela Title: General Partner QUESTMARK PARTNERS, L.P. By: /s/ Thomas R. Hitchner -------------------------------------- Name: Thomas R. Hitchner Title: GP INTEL 64 FUND, LLC By: INTEL 64 FUND OPERATIONS, INC., its Coordinating Member By: --------------------------------------- Name: Title: BANK OF AMERICA VENTURES By: /s/ Robert Obuch --------------------------------------- Name: Robert Obuch Title: Principal Signature Page to First Amendment to SpeechWorks International Registration Rights Agreement 4 BA VENTURE PARTNERS III By: /s/ Robert Obuch --------------------------------------- Name: Robert Obuch Title: General Partner RIGGS CAPITAL PARTNERS By: /s/ J. Carter Beese, Jr. -------------------------------------- Name: J. Carter Beese, Jr. Title: President MINTZ LEVIN INVESTMENTS LLC By: /s/ Steven P. Rosenthal -------------------------------------- Name: Steven P. Rosenthal Title: /s/ Steven P. Rosenthal -------------------------------------- Steven P. Rosenthal -------------------------------------- Suzanne Abair and Kathleen MacDonald -------------------------------------- Robert S. Fore LEE CAPITAL HOLDINGS By: /s/ Jonathan O. Lee -------------------------------------- Name: Jonathan O. Lee Title: President 5 CITIZENS CAPITAL INCORPORATED By: /s/ Robert E. Garrow -------------------------------------- Name: Robert E. Garrow Title: President -------------------------------------- JOSEPH MURPHY DIGITAL BANDWIDTH LLC By: /s/ David B. Weinberg -------------------------------------- Name: David B. Weinberg Title: President INTEL CORPORATION By: -------------------------------------- Name: Title: SAP AMERICA, INC. By: /s/ Brad C. Brubaker -------------------------------------- Name: Brad B. Brubaker Title: Sr. VP & General Counsel /s/ Paul Yovovich -------------------------------------- Paul Yovovich -------------------------------------- Ralph Mor -------------------------------------- Hedva Mor -------------------------------------- Jeffrey Mor Signature to First Amendment to SpeechWorks International Registration Rights Agreement 6 -------------------------------------- Jean Guy Dahan /s/ Naim Murad -------------------------------------- Naim Murad /s/ John Meyrick -------------------------------------- John Meyrick /s/ Brett Phaneuf -------------------------------------- Brett Phaneuf -------------------------------------- William J. O'Farrell -------------------------------------- Noreen D. O'Farrell /s/ William Ledingham -------------------------------------- William Ledingham /s/ William Haney -------------------------------------- William Haney /s/ Anne G. Haney -------------------------------------- Anne G. Haney -------------------------------------- LIGHTHOUSE CAPITAL PARTNERS, L.P. By: LIGHTHOUSE MANAGEMENT PARTNERS, L.P., its general partner By: LIGHTHOUSE CAPITAL PARTNERS, INC., its general partner By: ----------------------------------- Title: -------------------------------------- /s/ Mark Holthouse -------------------------------------- Mark Holthouse /s/ Stephen Smith -------------------------------------- Stephen Smith Signature Page to First Amendment to SpeechWorks International Registration Rights Agreement 7 /s/ Sol Lerner -------------------------------------- Sol Lerner -------------------------------------- Henry Lerner -------------------------------------- Leonard Epstein -------------------------------------- Bella Lerner -------------------------------------- Miriam Epstein /s/ Brian S. Eberman -------------------------------------- Brian S. Eberman /s/ Edward J. McCaffrey -------------------------------------- Edward J. McCaffrey /s/ Joyce V. McCaffrey -------------------------------------- Joyce V. McCaffrey Signature to First Amendment to SpeechWorks International Registration Rights Agreement 8