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EX-10.10 7 v11543exv10w10.htm EXHIBIT 10.10 exv10w10
EXHIBIT 10.10
AMENDMENT TO
ESCROW AGREEMENT
ESCROW AGREEMENT
THIS AMENDMENT TO ESCROW AGREEMENT (the Amendment) is made as of this 3rd day of August 2005, by and among Tekelec, a California corporation (Tekelec), Santera Systems Inc., a Delaware corporation (Santera), certain stockholders of Santera (the Stockholders), Austin Ventures VI, L.P., a Delaware limited partnership (Austin Ventures), as the Representative, and J.P. Morgan Trust Company, National Association (Escrow Agent). Capitalized terms used herein that are not otherwise defined have the meanings set forth in the Escrow Agreement dated as of April 30, 2003 by and between Tekelec, Santera, the stockholders of Santera, the Representative and the Escrow Agent (the Escrow Agreement).
WHEREAS, Tekelec, Santera, the Stockholders, the Escrow Agent and the Representative desire to amend the Escrow Agreement effective on the August Call Closing Date (as defined in the Stockholders Agreement dated as of April 30, 2003 by and between Tekelec, Santera, the stockholders of Santera and the Representative, as amended on August 2, 2005 (the StockholdersAgreement));
NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Tekelec, Santera, the Stockholders, the Escrow Agent and the Representative agree as follows:
Section 1. Amendment. The following Section 8.14 is added to Article VIII of the Escrow Agreement:
Section 8.14 Acknowledgement and Agreement.
(a) Effective upon the August Call Closing Date (as defined in the Stockholders Agreement), Tekelec, Santera and the Escrow Agent hereby acknowledge and agree that neither the Representative nor any Legacy Santera Stockholder which has delivered a completed and executed copy of the Letter of Transmittal to the Escrow Agent in accordance with the terms of Section 3.4 of the Stockholders Agreement that has been delivered to the Escrow Agent shall have any further obligations under this Agreement, except that the obligations of such parties under the first sentence of Section 2.3, Section 2.6 and Section 6.5 hereof shall continue in full force and effect.
(b) Effective upon the August Call Closing Date (as defined in the Stockholders Agreement), the Escrow Agent, the Legacy Santera Stockholders and the Representative hereby acknowledge and agree that neither Tekelec nor Santera has any further obligations under this Agreement, except that the obligations of such parties under Section 2.6 and Section 6.5 hereof shall continue in full force and effect.
Section 2. Joint Instruction. Pursuant to Section 4.1(d) of the Escrow Agreement, Tekelec and the Representative hereby notify the Escrow Agent that Tekelec has exercised its August Call Option under Section 3.4 of Article III of the Stockholders Agreement and hereby
instruct the Escrow Agent to deliver to Tekelec on the August Call Closing Date upon receipt from Tekelec of the Call Price all of the shares of Series A Preferred Stock held by the Escrow Agent, including the Disputed Shares.
Section 3. Representations. Each of Tekelec and Santera hereby represent and warrant that it has the full right, power and authority to enter into this Amendment and the documents related hereto and upon the execution of this Amendment by Tekelec, Santera, the Representative and the other Legacy Santera Stockholders who are parties to this Amendment, the Escrow Agreement, as amended by this Amendment, shall be binding on, and enforceable against, it. Each of the Representative and each of the Legacy Santera Stockholders who are parties to this Amendment (Signing Legacy Stockholders) hereby represents and warrants that it has the full right, power and authority to enter into this Amendment and the documents related hereto and upon the execution by Tekelec, Santera, the Representative and the other Legacy Santera Stockholders who are parties to this Amendment, the Escrow Agreement, as amended by this Amendment, shall be binding on, and enforceable against, it.
Section 4. Governing Law. This Amendment shall be governed by and construed under the laws of the State of Delaware.
Section 5. Entire Agreement. This Amendment constitutes the entire agreement between Santera, Tekelec, the Stockholders, the Escrow Agent and the Representative relating to the subject matter hereof, and any previous understanding and/or agreement between Tekelec, Santera, the Legacy Santera Stockholders, the Escrow Agent and the Representative regarding the subject matter hereof is superseded by this Amendment.
Section 6. Counterparts. This Amendment may be executed in counterparts, each which shall be deemed an original, and all of which shall constitute one and the same instrument.
* * * * *
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day first above written.
SANTERA SYSTEMS INC. | ||||
By: | /s/ Frederick M. Lax | |||
Name: | Frederick M. Lax | |||
Title: | Chairman of the Board of Directors | |||
TEKELEC | ||||
By: | /s/ Frederick M. Lax | |||
Name: | Frederick M. Lax | |||
Title: | President and Chief Executive Officer | |||
By: | /s/ Ronald W. Buckly | |||
Name: | Ronald W. Buckly | |||
Title: | Senior Vice President, Corporate | |||
Affairs and General Counsel |
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J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION | ||||
By: | /s/ | |||
Name: | ||||
Title: | ||||
AUSTIN VENTURES VI, L.P., as Representative | ||||
By: | AV Partners VI, L.P., its General Partner | |||
By: | /s/ Edward E. Olkkola | |||
Edward E. Olkkola, General Partner | ||||
AUSTIN VENTURES VI, L.P. | ||||
By: | AV Partners VI, L.P., its General Partner | |||
By: | /s/ Edward E. Olkkola | |||
Edward E. Olkkola, General Partner | ||||
AUSTIN VENTURES VI AFFILIATES FUND, L.P. | ||||
By: | AV Partners VI, L.P., its General Partner | |||
By: | /s/ Edward E. Olkkola | |||
Edward E. Olkkola, General Partner | ||||
AUSTIN VENTURES VIII, L.P. | ||||
By: | AV Partners VIII, L.P., its General Partner | |||
By: | /s/ Edward E. Olkkola | |||
Edward E. Olkkola, General Partner | ||||
REDPOINT VENTURES II, L.P., by its General Partner, Redpoint Ventures II, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
R. Thomas Dyal, Managing Director |
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REDPOINT ASSOCIATES II, LLC, as nominee | ||||
By: | /s/ R. Thomas Dyal | |||
R. Thomas Dyal, | ||||
Managing Director | ||||
REDPOINT TECHNOLOGY PARTNERS Q-I, L.P., by its General Partner, Redpoint Ventures I, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
Name: | R. Thomas Dyal | |||
Title: | Managing Director | |||
REDPOINT TECHNOLOGY PARTNERS A-I, L.P., by its General Partner, Redpoint Ventures I, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
Name: | R. Thomas Dyal | |||
Title: | Managing Director | |||
MERITECH CAPITAL PARTNERS L.P. | ||||
By: | Meritech Capital Associates L.L.C. | |||
its General Partner | ||||
By: | Meritech Management Associates L.L.C. | |||
a managing member | ||||
By: | /s/ Michael B. Gordon | |||
Name: | Michael B. Gordon | |||
Title: | Managing Director | |||
MERITECH CAPITAL AFFILIATES L.P. | ||||
By: | Meritech Capital Associates L.L.C. | |||
its General Partner | ||||
By: | Meritech Management Associates L.L.C. | |||
a managing member | ||||
By: | /s/ Michael B. Gordon | |||
Name: | Michael B. Gordon | |||
Title: | Managing Director |
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SEQUOIA CAPITAL FRANCHISE FUND, L.P. | ||||
By: SCFF Management, LLC A Delaware Limited Liability Company General Partner | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
SEQUOIA CAPITAL FRANCHISE PARTNERS, L.P. | ||||
By: SCFF Management, LLC A Delaware Limited Liability Company General Partner | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
SEQUOIA CAPITAL VIII, L.P. | ||||
By: SC VIII Management, LLC A California Limited Liability Company General Partner | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
SEQUOIA INTERNATIONAL TECHNOLOGY PARTNERS VIII, L.P. | ||||
By: SC VIII Management, LLC A California Limited Liability Company General Partner | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
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SEQUOIA INTERNATIONAL TECHNOLOGY PARTNERS VIII (Q), L.P. | ||||
By: SC VIII Management, LLC A California Limited Liability Company General Partner | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
SEQUOIA 1997 | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
CMS PARTNERS LLC | ||||
By: | /s/ Mark Stevens | |||
Name: | Mark Stevens | |||
Title: | ||||
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INSTITUTIONAL VENTURE PARTNERS VIII, L.P., by its General Partner, Institutional Venture Management VIII, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
R. Thomas Dyal, | ||||
Managing Director | ||||
IVM INVESTMENT FUND VIII, LLC, by its Manager, Institutional Venture Management VIII, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
R. Thomas Dyal, | ||||
Managing Director | ||||
BROADBAND FUND, L.P., by its General Partner, BBF Management, LLC, by its Manager, Institutional Venture Management VIII, LLC | ||||
By: | /s/ R. Thomas Dyal | |||
R. Thomas Dyal, Managing Director |
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