Amendment No. 2 to Stockholders Agreement by and among Voxware, Inc. and Certain Stockholders

Summary

This amendment, dated August 11, 2005, is between Voxware, Inc. and certain holders of its common stock, options, or warrants. It modifies the existing Stockholders Agreement by specifying that the agreement can be terminated in writing by the company and holders of a majority of the shares. Upon execution, this amendment serves as the required written instrument to terminate the prior agreement in all respects. The amendment is governed by Delaware and New Jersey law and supersedes any previous related agreements.

EX-10.2 3 tex10_2-7287.txt EX-10.2 AMENDMENT NO.2 TO STOCKHOLDERS AGREEMENT AMENDMENT NO 2 TO STOCKHOLDERS AGREEMENT made this 11th day of August, 2005 ("Amendment") by and among Voxware, Inc., a Delaware corporation (the "Company") and certain holders of Common Stock or options or warrants to acquire Common Stock whose names are set forth under the heading "Holders" on SCHEDULE I hereto. As used herein "Person" means an individual, corporation, partnership, joint venture, trust, or unincorporated organization, or a government or any agency or political subdivision thereof. All defined terms used but not defined herein shall have the respective meanings ascribed to them in the Prior Agreement, defined below. WITNESSETH: WHEREAS, simultaneously herewith, the Company is issuing and selling an aggregate of up to 206,250,000 shares (the "Shares") of the Company's Common Stock, par value $0.001 per share (the "Common Stock"), pursuant to a certain Common Stock Purchase Agreement dated as of August 11, 2005, to certain investors (the "Purchase Agreement"). WHEREAS, the Company and the Holders are parties to a Stockholders Agreement dated as of June 27, 2003 and amended on April 30, 2004 (the "Prior Agreement"). WHEREAS, the Company and the Holders wish to amend the Prior Agreement pursuant to Section 14 thereof as set forth in this Amendment. NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Holders agree as follows: 1. The parties hereby acknowledge and agree that the Prior Agreement, and the respective rights and obligations of the parties thereto, shall be amended such that the Prior Agreement shall terminate by an instrument in writing executed by the Company and the Holders of a majority in interest of the shares of Common Stock issued or issuable to the Holders (including shares of Common Stock into which any share of preferred stock are convertible). 2. The parties hereby acknowledge and agree that this Amendment, upon execution by Company and the Holders of a majority in interest of the shares of Common Stock issued or issuable to the Holders (including shares of Common Stock into which any share of preferred stock are convertible), shall represent the instrument contemplated in Section 1 above and shall terminate the Prior Agreement in all respects. 3. This Amendment constitutes the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings between them or any of them as to such subject matter. 4. In case any one or more of the provisions contained in this Amendment shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Amendment and such invalid, illegal and unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 5. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 6. This Amendment shall be construed and enforced in accordance with and governed by the General Corporation Law of the State of Delaware as to matters within the scope thereof, and as to all other matters shall be construed and enforced in accordance with and governed by the internal laws of the State of New Jersey, without regard to its principles of conflicts of laws. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] IN WITNESS WHEREOF, the undersigned have executed this Amendment as a sealed instrument as of the day and year first above written. THE COMPANY: HOLDERS: VOXWARE, INC. EDISON VENTURE FUND V, L.P. By: ___________________________ By: EDISON PARTNERS V, L.P., Name:______________________ its General Partner Title:_____________________ By:_____________________________________ 168 Franklin Corner Road Name:_______________________________ Lawrenceville, NJ 08648 Title:______________________________ Telephone: 609 ###-###-#### Fax: 609 ###-###-#### 1009 Lenox Drive #4 Lawrenceville, New Jersey 08648 Telephone: (609) 896-1900 Fax: (609) 896-0066 CROSS ATLANTIC TECHNOLOGY FUND II, L.P. By: XATF Management II, LP, its General Partner, By: CROSS ATLANTIC CAPITAL PARTNERS II, INC., its General Partner By:_____________________________________ Name:______________________________ Title:_____________________________ Five Radnor Corporate Center, Suite 555 100 Matsonford Road Radnor, PA 19087 Telephone: (610) 995-2650 Fax: (610) 971-2062 ________________________________________ MUKESH AGARWAL Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ YILDIRAY ALBAYRAK Address: Address: Telephone: Fax: ________________________________________ BURNBRAE LTD. By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ MICHAEL ETTINGER Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ WILLIAM H. B. HAMILL Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ J T HOAGLAND LLC By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ JUERGEN C. H. LEMMERMANN Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ DAVID B. LEVI Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ SHERRI L. MEADE Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ NICHOLAS NARLIS Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ PICTET PRIVATE EQUITY INVESTORS SA By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ ELLIOT S. SCHWARTZ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ SCORPION NOMINEES (BVI) LIMITED By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ DONALD H. SIEGEL Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ RAYMOND E. TROPIANO Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ CASTLE CREEK TECHNOLOGY PARTNERS LLC By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ KENNETH M FINKEL Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ CREAFUND NV By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ AVVISION BVBA By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ WIM DENEWETH Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ HUGH BERNARD EDWARD VAN CUTSEM Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ EMILIE ELISE CHRISTINE VAN CUTSEM Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ WILLBRO NOMINEES LIMITED By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ JONATHAN M. N. BINDER Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ INTERCONTINENTAL SERVICES LTD. By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ DUNCAN JOHN LLOYD FITZWILLIAMS Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ ALAN NASH Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ ________________________________________ JOSHUA RAFNER Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ PRODUCTIVE NOMINEES LIMITED By:_____________________________________ Name:_______________________________ Title:______________________________ Address:________________________________ Address:________________________________ Telephone:______________________________ Fax:____________________________________ VOXWARE, INC. SCHEDULE OF HOLDERS AND INVESTORS --------------------------------- Names Total No. of Shares of Common Stock(1) - ----- ----------------------------------- HOLDERS ------- Agarwal, Mukesh 2,948,583 Albayrak, Yildiray 724,856 Avvision BVBA 16,897,984 Binder, Jonathan M. N. 10,010,456 Burnbrae Ltd. 2,692,355 Castle Creek Technology Partners LLC 6,231,333 Creafund NV 32,354,867 Cross Atlantic Technology Fund, L.P. 131,431,667 Deneweth, Wim 345,996 Edison Venture Fund V, L.P. 394,295,002 Ettinger, Michael 421,722 Finkel, Kenneth M 358,980 Fitzwilliams, Duncan John Lloyd 2,180,121 Hamill, William H. B. 3,764,815 Intercontinental Services Ltd. 4,063,695 J T Hoagland LLC 6,105,875 Lemmermann, Juergen C. H. 324,167 Levi, David B. 15,616,611 Meade, Sherri L. 358,980 Narlis, Nicholas 1,263,611 Nash, Alan 3,493,962 Pictet Private Equity Investors SA 20,109,825 Productive Nominees Limited 21,410,032 Rafner, Joshua 1,719,945 Schwartz, Elliot S. 421,722 Scorpion Nominees (BVI) Limited 76,783,643 Siegel, Donald H. 587,711 van Cutsem, Emilie Elise Christine 1,390,374 van Cutsem, Hugh Bernard Edward 9,014,820 Willbro Nominees Limited 1,719,945 (1) Gives effect to the conversion of the Series D Preferred Stock as contemplated by the Purchase Agreement and excludes shares issuable upon outstanding warrants.