Attached files
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S-1 - FORM S-1 - WINTEGRA INC | v181667_s1.htm |
EX-3.3 - EXHIBIT 3.3 - WINTEGRA INC | v181667_ex3-3.htm |
EX-4.2 - EXHIBIT 4.2 - WINTEGRA INC | v181667_ex4-2.htm |
EX-3.1.1 - EXHIBIT 3.1.1 - WINTEGRA INC | v181667_ex3-11.htm |
EX-23.3 - EXHIBIT 23.3 - WINTEGRA INC | v181667_ex23-3.htm |
EX-23.1 - EXHIBIT 23.1 - WINTEGRA INC | v181667_ex23-1.htm |
EX-10.13 - EXHIBIT 10.13 - WINTEGRA INC | v181667_ex10-13.htm |
EX-10.13.1 - EXHIBIT 10.13.1 - WINTEGRA INC | v181667_ex10-131.htm |
NINTH
RESTATED AND AMENDED CERTIFICATE OF INCORPORATION
OF
WINTEGRA,
INC.
Wintegra, Inc., a corporation organized
and existing under the laws of the State of Delaware (the “Corporation”), hereby
certifies as follows:
FIRST: The name of the
Corporation is Wintegra, Inc. The original Certificate of
Incorporation of the Corporation was filed with the Secretary of State of the
State of Delaware on January 26, 2000. The Eighth Restated and Amended
Certificate of Incorporation was filed with the Secretary of State of the State
of Delaware on June 23, 2006 and was amended by Certificate of Amendment filed
with the Secretary of State of the State of Delaware on March 5,
2007.
SECOND:
This Ninth Restated and Amended Certificate of Incorporation restates and
integrates and further amends the Restated and Amended Certificate of
Incorporation of the Corporation and has been duly adopted and approved in
accordance with Sections 242 and 245 of the General Corporation Law of the State
of Delaware. Stockholder approval of this Ninth Restated and Amended
Certificate of Incorporation was given by written consent of the stockholders of
the Corporation in accordance with Section 228 of the General Corporation Law of
the State of Delaware.
THIRD: The text of the Eighth
Restated and Amended Certificate of Incorporation, as amended by the Certificate
of Amendment, is hereby amended and restated in its entirety as
follows:
[Remainder
of page intentionally left blank]
ARTICLE
I
The name
of this Corporation is Wintegra, Inc.
ARTICLE
II
The
address of the registered office of this Corporation in the State of Delaware is
1209 Orange Street, in the City of Wilmington, County of New Castle,
Delaware. The name of its registered agent at such address is The
Corporation Trust Company.
ARTICLE
III
The
nature of the business or purposes to be conducted or promoted is to engage in
any lawful act or activity for which corporations may be organized under the
General Corporation Law of Delaware.
ARTICLE
IV
I. Classes
of Stock. This Corporation is authorized to issue two classes
of stock to be designated, respectively, “Common Stock” and "Preferred Stock".
The total number of shares that this Corporation is authorized to issue is
thirty eight million five hundred sixty eight thousand nine hundred forty eight
(38,568,948) shares, of which twenty-six million (26,000,000) shall be shares of
Common Stock, US$ 0.001 par value each, and the remaining twelve million five
hundred and sixty eight thousand nine hundred forty eight (12,568,948) shall be
Preferred Stock.
The
Preferred Stock may be issued from time to time in one or more series. The first
series of Preferred Stock shall be designated as Series A Preferred Stock, which
series shall consist of 2,525,000 shares (“Series A Preferred Stock”) and
shall have the rights, preferences, privileges and restrictions set forth
herein. The second series of Preferred Stock shall be designated as Series B
Preferred Stock, which series shall consist of 3,989,019 shares (“Series B Preferred Stock”) and
shall have the rights, preferences, privileges and restrictions set forth
herein. The third series of Preferred Stock shall be designated as Series C
Preferred Stock, which series shall consist of 5,211,751 shares (“Series C Preferred Stock”) and
shall have the rights, preferences, privileges and restrictions set forth
herein. The fourth series of Preferred Stock shall be designated as Series D
Preferred Stock, which series shall consist of 426,512 shares (“Series D Preferred Stock”) and
shall have the rights, preferences, privileges and restrictions set forth
herein. The fifth series of Preferred Stock shall be designated as Series E
Preferred Stock, which series shall consist of 416,666 shares (“Series E Preferred Stock”) and
shall have the rights, preferences, privileges and restrictions set forth
herein. Series A Preferred Stock, Series B Preferred Stock, Series C Preferred
Stock, Series D Preferred Stock and Series E Preferred Stock shall be referred
to as the “Preferred
Stock”. For the purposes of this Ninth Restated and Amended Certificate
of Incorporation, any reference to "Preferred Stock" shall be to
one combined class of shares.
2
II. Rights,
Preferences and Restrictions of Preferred Stock. The Preferred
Stock authorized by this Certificate of Incorporation may be issued from time to
time in one or more series. The rights, preferences, privileges, and
restrictions granted to and imposed on the Preferred Stock, are as set forth
below in this Article IV(II).
1. Dividend
Provisions.
(i) The
holders of the Series A Preferred Stock, Series B Preferred Stock, Series C
Preferred Stock, Series D Preferred Stock and Series E Preferred Stock shall be
entitled to receive, out of funds legally available therefore, non-cumulative
dividends at the rate of 8% of the Original Series A Issue Price, the
Original Series B Issue Price, the Original Series C Issue Price, the Original
Series D Issue Price and the Original Series E Issue Price respectively (as
defined below) (subject to appropriate adjustments in the event of any stock
dividend, stock split, combination or other similar recapitalization affecting
such shares) per annum per share, payable in preference and priority to any
payment of any cash dividend on Common Stock or any other shares of capital
stock of the Corporation other than the Preferred Stock, payable when and as
declared by the Board of Directors of the Corporation. If such
dividends on the Preferred Stock shall not have been paid, or declared and set
apart for payment, the deficiency shall be fully paid or declared and set apart
for payment before any dividend shall be paid or declared or set apart for any
Common Stock.
2. Liquidation
Preference.
(i) In
the event of any liquidation, dissolution or winding up of this Corporation,
either voluntary or involuntary, the holders of Series E Preferred
Stock and of Series D Preferred Stock shall be entitled to
receive, ratably and in preference to any distribution of any of the assets of
this Corporation to the holders of any other series of Preferred Stock and the
holders of Common Stock by reason of their ownership thereof, (a) with respect
to the Series E Preferred Stock, an amount per share equal to the sum of (i) six
dollars ($6.00) for each outstanding share of Series E Preferred Stock (the
“Original Series E Issue
Price”), plus (ii) all declared but unpaid dividends on such share
(subject to adjustment of such fixed dollar amounts for any stock splits, stock
dividends, combinations, recapitalizations or the like)(collectively, the “E Preference Amount”) (b) with
respect to the Series D Preferred Stock, an amount per share equal to the sum of
(i) four dollars and sixty-eight point ninety-two cents (US$4.6892)
for each outstanding share of Series D Preferred Stock (the “Original Series D Issue
Price”) plus annual interest at the rate of 90 days LIBOR plus 1.0%, for
the period that has passed since the date of the first issuance of any
Series D Preferred Stock (the "D Purchase Date"), for such
purpose, setting the 90 day LIBOR rate as of the D Purchase Date, and updating
the LIBOR rate every 90 days thereafter, plus (ii) all declared but
unpaid dividends on such share (subject to adjustment of such fixed dollar
amounts for any stock splits, stock dividends, combinations, recapitalizations
or the like)(collectively, the “D Preference
Amount”). If upon the occurrence of such event, the assets and
funds thus distributed among the holders of the Series E Preferred Stock
and the Series D Preferred Stock shall be insufficient to permit the
payment to such holders of the E Preference Amount and D Preference Amount in
full, then the entire assets and funds of this Corporation legally available for
distribution shall be distributed ratably among the holders of the Series E
Preferred Stock and the Series D Preferred Stock in proportion to the full
amounts they would otherwise be entitled to receive pursuant to this Section
2(i). Notwithstanding anything otherwise stated herein, in the event that
investors in any subsequent financing round of the Corporation shall be entitled
to liquidation rights that are more favorable than the liquidation rights
attached to the Series D Preferred Stock (other than the mere fact that the
original issue price of such future stock may be different than the Original
Series D Issue Price), then the holders of shares of Series D Preferred Stock
shall be entitled to those more favorable liquidation rights and such more
favorable liquidation rights shall be automatically deemed to apply to the
Series D Preferred Stock without need of any further amendment
hereto. Notwithstanding anything otherwise stated herein, in
the event that investors in any subsequent financing round of the Corporation
shall be entitled to liquidation rights that are more favorable than the
liquidation rights attached to the Series E Preferred Stock (other than the mere
fact that the original issue price of such future stock may be different than
the Original Series E Issue Price), then the holders of shares of Series E
Preferred Stock shall be entitled to those more favorable liquidation rights and
such more favorable liquidation rights shall be automatically deemed to apply to
the Series E Preferred Stock without need of any further amendment
hereto.
3
(ii) Upon
the completion of the distribution required by subsection (i) of this
Section 2, the remaining assets of this Corporation available for
distribution to stockholders shall be distributed among the holders of
Series C Preferred Stock in accordance with the provision of Section
(II)(2)(ii) of this Article IV. In such event, the holders of Series C
Preferred Stock shall be entitled to receive, prior and in preference to any
distribution of any of the assets of this Corporation to the holders of Series B
Preferred Stock, Series A Preferred Stock and Common Stock by reason of their
ownership thereof, an amount per share equal to the sum of (i) ) three
dollars and thirty point zero one cents (US$3.3001) for each outstanding share
of Series C Preferred Stock (the “Original Series C Issue
Price”) plus annual interest at the rate of 90 days LIBOR plus 1.0%, for
the period that has passed since the date of the first issuance of any
Series C Preferred Stock (the "C Purchase Date"), for such
purpose, setting the 90 day LIBOR rate as of the C Purchase Date, and updating
the LIBOR rate every 90 days thereafter, plus (ii) all declared but
unpaid dividends on such share (subject to adjustment of such fixed dollar
amounts for any stock splits, stock dividends, combinations, recapitalizations
or the like)(collectively, the “C Preference
Amount”). If upon the occurrence of such event, the assets and
funds thus distributed among the holders of the Series C Preferred Stock
shall be insufficient to permit the payment to such holders of the full
aforesaid C Preference Amount, then the entire assets and funds of this
Corporation legally available for distribution shall be distributed ratably
among the holders of the Series C Preferred Stock in proportion to the
amount of such Series C Stock owned by each such holder. Notwithstanding
anything otherwise stated herein, in the event that investors in any subsequent
financing round of the Corporation shall be entitled to liquidation rights that
are more favorable than the liquidation rights attached to the Series C
Preferred Stock (other than the mere fact that the original issue price of such
future stock may be different than the Original Series C Issue Price), then the
holders of shares of Series C Preferred Stock shall be entitled to those more
favorable liquidation rights and such more favorable liquidation rights shall be
automatically deemed to apply to the Series C Preferred Stock without need of
any further amendment hereto; provided however, that the liquidation rights of
the Series D Preferred Stock and Series E Preferred Stock shall always be in
priority and preference to the Series C Preferred Stock.
4
(iii)
Upon the completion of the distribution required by subsections (i) and (ii) of
this Section 2, the remaining assets of this Corporation available for
distribution to stockholders shall be distributed among the holders of
Series B Preferred Stock in accordance with the provision of Section
(II)(2)(iii) of this Article IV. In such event, the holders of Series B
Preferred Stock shall be entitled to receive, prior and in preference to any
distribution of any of the assets of this Corporation to the holders of Series A
Preferred Stock and Common Stock by reason of their ownership thereof, in an
amount per share equal to the sum of (i) five dollars and fifty-one point
three one two cents (US$5.51312) for each outstanding share of Series B
Preferred Stock (the “Original
Series B Issue Price”) plus annual interest at the rate of 90 days
LIBOR plus 1.0%, for the period that has passed since the date of the first
issuance of any Series B Preferred Stock (the "B Purchase Date"), for such
purpose, setting the 90 day LIBOR rate as of the B Purchase Date, and updating
the LIBOR rate every 90 days thereafter, plus (ii) all declared but unpaid
dividends on such share (subject to adjustment of such fixed dollar amounts for
any stock splits, stock dividends, combinations, recapitalizations or the like)
(collectively, the “B
Preference Amount”). If upon the occurrence of such event, the
assets and funds thus distributed among the holders of the Series B
Preferred Stock shall be insufficient to permit the payment to such holders of
the full aforesaid B Preference Amount, then the entire assets and funds of this
Corporation legally available for distribution shall be distributed ratably
among the holders of the Series B Preferred Stock in proportion to the
amount of such Series B Stock owned by each such holder.
(iv) Upon
the completion of the distribution required by subsections (i) and (ii) and
(iii) of this Section 2, the remaining assets of this Corporation available
for distribution to stockholders shall be distributed among the holders of
Series A Preferred Stock in accordance with the provision of Section
(II)(2)(iv) of this Article IV. In such event, the holders of Series A
Preferred Stock shall be entitled to receive, prior and in preference to any
distribution of any of the assets of this Corporation to the holders of Common
Stock by reason of their ownership thereof, an amount per share equal to the sum
of (i) two dollars (U$2.00) for each outstanding share of Series A
Preferred Stock (the “Original
Series A Issue Price”) plus annual interest at the rate of 90 days
LIBOR plus 1.0%, for the period that has passed since the date of issuance of
any Series A Preferred Stock (the "A Purchase Date"), for such
purpose, setting the 90 day LIBOR rate as of the A Purchase Date and updating
the LIBOR rate every 90 days thereafter, plus (ii) all declared but unpaid
dividends on such share (subject to adjustment of such fixed dollar amounts for
any stock splits, stock dividends, combinations, recapitalizations or the like)
(collectively, the “A
Preference
Amount”). If upon the occurrence of such event, such remaining
assets and funds of this Corporation available for distribution among the
holders of the Series A Preferred Stock shall be insufficient to permit the
payment to such holders of the full aforesaid A Preference Amount, then the
remaining assets and funds of this Corporation legally available for
distribution shall be distributed ratably among the holders of the Series A
Preferred Stock in proportion to the amount of such Series A Stock owned by each
such holder.
Notwithstanding
the foregoing, the respective Preference Amounts shall not be payable, if upon a
liquidation or deemed liquidation, the funds or assets available for
distribution yield (i) in respect of each share of Series E Preferred
Stock, at least two times the Original Series E Issue Price; (ii) in respect of
each share of Series C Preferred Stock, at least three times the Original Series
C Issue Price; (iii) in respect of each share of Series B Preferred Stock, at
least three times the Original Series B Issue Price; and (iv) in respect of each
share of Series A Preferred Stock, at least four times the Original Series A
Issue Price. The Series D Preferred Stock shall cease to receive the D
Preference Amount at the same Corporation valuation as the Series Preferred C
Stock no longer receives the C Preference Amount. In such event, the holders of
Preferred Stock shall not be entitled to their respective Preference Amounts and
shall participate ratably with the holders of Common Stock as described in
Section 2(v) below.
5
(v) Upon
the completion of the distribution required by subsections (i), (ii), (iii) and
(iv) of this Section 2, the remaining assets of this Corporation available
for distribution to stockholders shall be distributed among the holders of
Series E Preferred Stock, Series D Preferred Stock, Series C Preferred Stock,
Series B Preferred Stock, Series A Preferred Stock and Common Stock pro
rata based on the number of shares of Common Stock held by each (on an
as-converted basis).
(vi) (a) For
purposes of this Section 2, a liquidation, dissolution or winding up of this
Corporation shall be deemed to be occasioned by, or to include (unless the
holders of at least a majority of the Preferred Stock then outstanding and
voting as a separate class shall determine otherwise), (A) the acquisition
of this Corporation by another entity by means of any transaction or series of
related transactions (including, without limitation, any reorganization,
merger or consolidation) that results in the transfer of fifty percent (50%) or
more of the outstanding voting power of this Corporation; or (B) a sale of
all or substantially all of the assets of this Corporation ("Merger and
Acquisition").
b) In
any of the events specified in Subsections 2(i), 2(ii), 2(iii), 2 (iv), 2(v) and
2(vi), the holders of Preferred Stock shall be paid for each share of such stock
in cash or in securities received from the acquiring entity, or in a combination
thereof, at the closing of any such transaction, amounts as set forth in
subsection 2(i), 2(ii), 2(iii), 2(iv) and 2(v) above.
(c) If,
in any of the events specified in Subsections 2(i), 2(ii), 2(iii), 2(iv), 2(v)
and 2(vi), the consideration received by this Corporation is other than cash,
the value of such consideration will be deemed its fair market
value. Any securities shall be valued as follows:
(I) Securities
not subject to restrictions on free marketability covered by Section (c)(I)(B)
below:
(1) If
traded on a securities exchange or through the Nasdaq National Market, the value
shall be deemed to be the average of the closing prices of the securities on
such exchange or system over the thirty (30) day period ending three (3) days
prior to the closing;
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(2) If
actively traded over-the-counter, the value shall be deemed to be the average of
the closing bid or sale prices (whichever is applicable) over the thirty (30)
day period ending three (3) days prior to the closing; and
(3) If
there is no active public market, the value shall be the fair market value
thereof, as determined by an independent appraiser appointed by the Board of the
Corporation with the consent of the holders of at least a majority of the voting
power of all then outstanding shares of Preferred Stock.
(II) Securities
subject to restrictions on free marketability: The method of valuation of
securities subject to restrictions on free marketability (other than
restrictions arising solely by virtue of a stockholder’s status as an affiliate
or former affiliate) shall be to make an appropriate discount from the market
value determined as above in (A) (I) (1), (2) or (3) to reflect the approximate
fair market value thereof, as mutually determined by this Corporation and at
least one director appointed by the holders of the then outstanding shares of
such Preferred Stock. In the event that no mutual determination can be
concluded, fair market value will be as determined by an independent appraiser
appointed by the Board of the Corporation.
(d) In
the event the requirements of this subsection 2(v) are not complied with,
this Corporation shall forthwith either:
(I) cause
such closing to be postponed until such time as the requirements of this
Section 2 have been complied with; or
(II) cancel
such transaction, in which event the rights, preferences and privileges of the
holders of shares of Preferred Stock shall revert to and be the same as such
rights, preferences and privileges existing immediately prior to the date of the
first notice referred to in subsection 2(v)(e) hereof.
(e) This
Corporation shall give each holder of record of Preferred Stock written notice
of such impending transaction not later than twenty (20) days prior to the
stockholders’ meeting called to approve such transaction, or twenty (20) days
prior to the closing of such transaction, whichever is earlier, and shall also
notify such holders in writing of the final approval of such
transaction. The first of such notices shall describe the material
terms and conditions of the impending transaction and the provisions of this
Section 2, and this Corporation shall thereafter give such holders prompt notice
of any material changes. The transaction shall in no event take place
sooner than twenty (20) days after this Corporation has given the first notice
provided for herein or sooner than five (5) days after this Corporation has
given notice of any material changes provided for herein; provided, however,
that such periods may be shortened upon the written consent of the holders of
Preferred Stock that are entitled to such notice rights or similar notice rights
and that represent at least a majority of the voting power of all then
outstanding shares of such Preferred Stock.
3. Conversion. The
holders of Preferred Stock shall have conversion rights as follows (the “Conversion
Rights”):
7
(i) Right to
Convert. Each share of Preferred Stock shall be convertible,
at the option of the holder thereof, at any time after the date of issuance of
such share, at the office of this Corporation or any transfer agent for such
stock, into such number of fully paid and nonassessable shares of Common Stock
as is determined by dividing the Original Series A Issue Price, the
Original Series B Issue Price, the Original Series C Issue Price and the
Original Series D Issue Price, respectively, by the Conversion Price applicable
to such share, determined as hereafter provided, in effect on the date the
certificate is surrendered for conversion of such Preferred Share ("Conversion Rate"). The initial
Conversion Price per share for shares of Series A Preferred Stock shall be
the Original Series A Issue Price, the initial Conversion Price per share
for shares of Series B Preferred Stock shall be the Original Series B
Issue Price, the initial Conversion Price for shares of Series C Preferred Stock
shall be the Original Series C Issue Price, the initial Conversion Price for
shares of Series D Preferred Stock shall be the Original Series D Issue Price,
and the initial Conversion Price for shares of Series E Preferred Stock shall be
the Original Series E Issue Price; provided, however, that the Conversion Price
for the Preferred Stock shall be subject to adjustment as set forth in
subsection 3(iv).
(ii) Automatic
Conversion. Each share of Preferred Stock shall automatically
be converted into shares of Common Stock at the Conversion Rate at the time in
effect for such Preferred Stock immediately upon the earlier of (i) this
Corporation’s sale of its Common Stock in a firm commitment underwritten public
offering pursuant to an effective registration statement under the Securities
Act of 1933, as amended, with a pre-money valuation of the Corporation of at
least $200,000,000 and aggregate net proceeds of at least $30,000,000 (a “Qualified IPO”) or
(ii) in relation to the Series A Preferred Stock and Series B Preferred
Stock, the date specified by written consent or agreement of the holders of
sixty percent (60%) of the then outstanding shares of Series A Preferred Stock
and Series B Preferred Stock acting together, in relation to the Series C
Preferred Stock and Series E Preferred Stock, the date specified by written
consent or agreement of the holders of at least sixty percent (60%) of the then
outstanding shares of Series C Preferred Stock and Series E Preferred Stock,
voting together as a single class on an as converted to basis, and in relation
to the Series D Preferred Stock, the date specified by written consent or
agreement of the holders of a majority of the then outstanding shares of Series
D Preferred Stock. In the event of such Qualified IPO, the person(s) entitled to
receive the Common Stock issuable upon such conversion of Preferred Stock shall
not be deemed to have converted such shares of Preferred Stock until immediately
prior to the closing of such public offering at which time the Preferred Stock
shall be converted automatically without any further action by the holders of
such shares and whether or not the certificates representing such shares are
surrendered to the Corporation or its transfer agent; provided, however, that
the Corporation shall not be obligated to issue certificates evidencing the
shares of Common Stock issuable upon such conversion unless certificates
evidencing such shares of Preferred Stock being converted are either delivered
to the Corporation or its transfer agent, as hereinafter provided, or the holder
notifies the Corporation or any transfer agent, as hereinafter provided, that
such certificates have been lost, stolen or destroyed.
(iii) Mechanics of
Conversion. Subject to the provisions of Section II.3 (ii) of
this Article IV, before any holder of Preferred Stock shall be entitled to
convert the same into shares of Common Stock, he or she shall surrender the
certificate or certificates therefor, duly endorsed, at the office of this
Corporation or of any transfer agent for the Preferred Stock, and shall give a
written notice to this Corporation at its principal corporate office, of the
election to convert the same and shall state therein the name or names in which
the certificate or certificates for shares of Common Stock are to be
issued. This Corporation shall, as soon as practicable thereafter,
issue and deliver at such office to such holder of Preferred Stock, or to the
nominee or nominees of such holder, a certificate or certificates for the number
of shares of Common Stock to which such holder shall be entitled as
aforesaid. Such conversion shall be deemed to have been made
immediately prior to the close of business on the date of such surrender of the
shares of Preferred Stock to be converted, and the person or persons entitled to
receive the shares of Common Stock issuable upon such conversion shall be
treated for all purposes as the record holder or holders of such shares of
Common Stock as of such date. If the conversion is in connection with
an underwritten offering of securities registered pursuant to the Securities Act
of 1933, the conversion may, at the option of any holder tendering Preferred
Stock for conversion, be conditioned upon the closing with the underwriters of
the sale of securities pursuant to such offering, in which event the persons
entitled to receive the Common Stock upon conversion of the Preferred Stock
shall not be deemed to have converted such Preferred Stock until immediately
prior to the closing of such sale of securities.
8
(iv) Conversion Price Adjustments
for Certain Dilutive Issuances, Splits and Combinations. The Conversion
Price of the Series A Preferred Stock, Series B Preferred Stock, Series C
Preferred Stock, Series D Preferred Stock and Series E Preferred Stock shall be
subject to adjustment from time to time as follows:
(i) (A)(I) Series
E Preferred Stock, Series D Preferred Stock and
Series C Preferred Stock. If this Corporation shall issue, after the C
Purchase Date, any Additional Stock without consideration or for consideration
per share less than the Conversion Price for the Series C Preferred Stock in
effect immediately prior to the issuance of such Additional Stock (in each case,
the "Series C New
Price"), the Conversion Price for Series C Preferred Stock in effect
immediately prior to each such issuance shall forthwith be reduced, concurrently
with such issuance, to a price equal to the consideration per share received by
the Corporation for such shares of Additional Stock. If this Corporation shall
issue, after the D Purchase Date, any Additional Stock without consideration or
for consideration per share less than the Conversion Price for the Series D
Preferred Stock in effect immediately prior to the issuance of such Additional
Stock (in each case, the "Series D New Price"), the
Conversion Price for Series D Preferred Stock in effect immediately prior to
each such issuance shall forthwith be reduced, concurrently with such issuance,
to a price equal to the consideration per share received by the Corporation for
such shares of Additional Stock. If, after the date of first issuance of Series
E Preferred Stock (“E Purchase
Date”) this Corporation shall issue any Additional Stock without
consideration or for consideration per share less than the Conversion Price for
the Series E Preferred Stock in effect immediately prior to the issuance of such
Additional Stock (in each case, the "Series E New Price"), the
Conversion Price for Series E Preferred Stock in effect immediately prior to
each such issuance shall forthwith be reduced, concurrently with such issuance,
to a price equal to the consideration per share received by the Corporation for
such shares of Additional Stock.
(II) Series B Preferred
Stock. If this Corporation shall issue, after the B Purchase Date, any
Additional Stock (as defined below) without consideration or for consideration
per share less than the Conversion Price for the Series B Preferred Stock in
effect immediately prior to the issuance of such Additional Stock (in each case,
the “Series B New
Price”), the Conversion Price for Series B Preferred Stock in effect
immediately prior to each such issuance shall forthwith be adjusted
to the Series B New Price. As of the date of filing of this Restated and Amended
Certificate of Incorporation, the current Conversion Price per share of Series B
Preferred Stock shall be $3.3001 and no further adjustment of the Conversion
Price of the Series B Preferred Stock under this Article IV 3 (iv)(i) shall be
required in connection with the issuance of up to 3,946,098 shares of Series C
Preferred Stock pursuant to the Series C Preferred Stock Purchase Agreement,
dated March , 2003 (the “Series
C Stock Purchase Agreement”) and the issuance of warrants to
purchase shares of Series C Preferred Stock pursuant to warrants
issued in connection with the Series C Stock Purchase Agreement.
9
(III) Series A Preferred
Stock. If this Corporation shall issue, after the date upon which any
shares of Series A Preferred Stock were first issued, any Additional Stock
(as defined below) without consideration or for consideration per share less
than the Conversion Price for the Series A Preferred Stock in effect immediately
prior to the issuance of such Additional Stock (in each case, the “Series A New
Price”), the Conversion Price for Series A Preferred Stock in effect
immediately prior to each such issuance shall forthwith be adjusted
to the Series A New Price.
(B) No
adjustment of the Conversion Price for the Preferred Stock shall be made in an
amount of less than one cent per share, provided that any adjustments that are
not required to be made by reason of this sentence shall be carried forward and
shall be either taken into account in any subsequent adjustment made prior to
three (3) years from the date of the event giving rise to the adjustment being
carried forward, or shall be made at the end of three (3) years from the date of
the event giving rise to the adjustment being carried forward. Except
to the limited extent provided for in subsections (E)(3) and (E)(4) below, no
adjustment of such Conversion Price pursuant to this subsection 3(iv)(i) shall
have the effect of increasing the Conversion Price above the Conversion Price in
effect immediately prior to such adjustment.
(C) In
the case of the issuance of Common Stock for cash, subject to clause (F) below,
the consideration shall be deemed to be the amount of cash paid therefor before
deducting any reasonable underwriting commissions paid or incurred by this
Corporation for any underwriting in connection with the issuance and sale
thereof.
(D) In
the case of the issuance of the Common Stock for consideration in whole or in
part other than cash, subject to clause (F) below, the consideration other than
cash shall be deemed to be the fair value thereof as determined by the Board of
Directors irrespective of any accounting treatment.
(E) In
the case of the issuance (whether before, on or after the applicable Purchase
Date) of options to purchase or rights to subscribe for Common Stock, securities
by their terms convertible into or exchangeable for Common Stock or options to
purchase or rights to subscribe for such convertible or exchangeable securities,
subject to clause (F) below, the following provisions shall apply for all
purposes of this subsection 3(iv)(i) and subsection 3(iv)(ii):
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(1) The
aggregate maximum number of shares of Common Stock deliverable upon exercise
(assuming the satisfaction of any conditions to exercisability, including
without limitation, the passage of time, but without taking into account
potential antidilution adjustments) of such options to purchase or rights to
subscribe for Common Stock shall be deemed to have been issued at the time such
options or rights were issued and for a consideration equal to the consideration
(determined in the manner provided in subsections 3(iv)(i)(C) and (iv)(i)(D)),
if any, received by this Corporation upon the issuance of such options or rights
plus the minimum exercise price provided in such options or rights (without
taking into account potential antidilution adjustments) for the Common Stock
covered thereby.
(2) The
aggregate maximum number of shares of Common Stock deliverable upon conversion
of, or in exchange (assuming the satisfaction of any conditions to
convertibility or exchangeability, including, without limitation, the passage of
time, but without taking into account potential antidilution adjustments) for,
any such convertible or exchangeable securities or upon the exercise of options
to purchase or rights to subscribe for such convertible or exchangeable
securities and subsequent conversion or exchange thereof shall be deemed to have
been issued at the time such securities were issued or such options or rights
were issued and for consideration equal to the consideration, if any, received
by this Corporation for any such securities and related options or rights
(excluding any cash received on account of accrued interest or accrued
dividends), plus the minimum additional consideration, if any, to be received by
this Corporation (without taking into account potential antidilution
adjustments) upon the conversion or exchange of such securities or the exercise
of any related options or rights (the consideration in each case to be
determined in the manner provided in subsections 3(iv)(i)(C) and
(iv)(i)(D)).
(3) In
the event of any change in the number of shares of Common Stock deliverable or
in the consideration payable to this Corporation upon exercise of such options
or rights or upon conversion of or in exchange for such convertible or
exchangeable securities, including, but not limited to, a change resulting from
the antidilution provisions thereof, the Conversion Price of the Series A
Preferred Stock, the Conversion Price of the Series B Preferred Stock, the
Conversion Price of the Series C Preferred Stock, the Conversion Price of
the Series D Preferred Stock and/or the Conversion Price of the Series E
Preferred Stock, respectively, to the extent in any way affected by or computed
using such options, rights or securities, shall be recomputed to reflect such
change, but no further adjustment shall be made for the actual issuance of
Common Stock or any payment of such consideration upon the exercise of any such
options or rights or the conversion or exchange of such securities.
(4) Upon
the expiration of any such options or rights, the termination of any such rights
to convert or exchange or the expiration of any options or rights related to
such convertible or exchangeable securities, the Conversion Price of the
Series A Preferred Stock, the Conversion Price of the Series B
Preferred Stock, the Conversion Price of the Series C Preferred Stock, the
Conversion Price of the Series D Preferred Stock and/or the Conversion
Price of the Series E Preferred Stock, respectively, to the extent in any way
affected by or computed using such options, rights or securities or options or
rights related to such securities, shall be recomputed to reflect the issuance
of only shares of Common Stock (and convertible or exchangeable
securities that remain in effect) actually issued upon the exercise of such
options or rights, upon the conversion or exchange of such securities or upon
the exercise of the options or rights related to such securities.
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(5)
Shares of Common Stock deemed issued and the consideration deemed paid therefor
pursuant to subsections 3(iv)(i)(E)(1) and (2) shall be appropriately adjusted
to reflect any change, termination or expiration of the type described in either
subsection 3(iv)(i)(E)(3) or (4).
(F) If,
after the E Purchase Date, together or in connection with the issuance of
Additional Stock the Corporation issues any securities or convertible securities
or rights or options to purchase convertible securities or Additional Stock
(collectively “Related
Securities”), then for
purposes of the determination of the effective consideration per share of the
Additional Stock and without limitation of clause (E) above, the Board of
Directors shall determine in good faith the fair market value of such Related
Securities, and the consideration per share of the Additional Stock for purposes
of adjustment under Article II 3(iv) shall be based on the actual consideration
paid for the Additional Stock less the fair market value of the Related
Securities. In the event that the Board of Directors cannot determine such fair
market value, it will be as determined by an independent appraiser appointed by
the Board of Directors.
(ii) “Additional Stock” shall mean
any shares of capital stock issued (or deemed to have been issued pursuant to
subsection 3(iv)(i)(E)) by this Corporation after the E Purchase Date other
than:
(A) Common
Stock issued pursuant to a transaction described in subsection 3(iv)(iii)
hereof; or
(B) Shares
of Common Stock (excluding shares repurchased at cost by this Corporation in
connection with the termination of service) issuable or issued to employees,
consultants, directors or vendors of this Corporation in transactions with
non-financing purposes) pursuant to a stock option plan or restricted stock plan
approved by the Board of Directors of this Corporation; or
(C) Shares
of Common Stock issued upon conversion of the Series A Preferred Stock, Series B
Preferred Stock, Series C Preferred Stock, Series D Preferred Stock or Series E
Preferred Stock, in accordance with the provisions of this Section 3;
and
(D) All
shares of the Corporation issued pursuant to the exercise of warrants that are
outstanding as of the date of the filing of this Ninth Restated and Amended
Certificate of Incorporation.
(iii) In
the event this Corporation should at any time or from time to time after the E
Purchase Date fix a record date for the effectuation of a split or subdivision
of the outstanding shares of Common Stock or the determination of holders of
Common Stock entitled to receive a dividend or other distribution payable in
additional shares of Common Stock or other securities or rights convertible
into, or entitling the holder thereof to receive directly or indirectly,
additional shares of Common Stock (hereinafter referred to as “Common Stock Equivalents”)
without payment of any consideration by such holder for the additional shares of
Common Stock or the Common Stock Equivalents (including the additional shares of
Common Stock issuable upon conversion or exercise thereof), then, as of such
record date (or the date of such dividend distribution, split or subdivision if
no record date is fixed), the Conversion Price of the Series A Preferred
Stock, the Conversion Price of the Series B Preferred Stock, the Conversion
Price of the Series C Preferred Stock, the Conversion Price of the
Series D Preferred Stock and the Conversion Price of the Series E
Preferred Stock shall be appropriately decreased so that the number of shares of
Common Stock issuable on conversion of each share of such series shall be
increased in proportion to such increase of the aggregate of shares of Common
Stock outstanding and those issuable with respect to such Common Stock
Equivalents with the number of shares issuable with respect to Common Stock
Equivalents determined from time to time in the manner provided for deemed
issuances in subsection 3(iv)(i)(E).
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(iv) If
the number of shares of Common Stock outstanding at any time after the E
Purchase Date is decreased by a combination of the outstanding shares of Common
Stock, then, following the record date of such combination, the Conversion Price
for the Series A Preferred Stock, the Conversion Price of the Series B
Preferred Stock, the Conversion Price of the Series C Preferred Stock, the
Conversion Price of the Series D Preferred Stock and the Conversion Price
of the Series E Preferred Stock shall be appropriately increased so that
the number of shares of Common Stock issuable on conversion of each share of
such series shall be decreased in proportion to such decrease in outstanding
shares.
(v) Other
Distributions. In the event this Corporation shall declare a
distribution payable in securities of other persons, evidences of indebtedness
issued by this Corporation or other persons, assets (excluding cash dividends)
or options or rights not referred to in subsection 3(iv)(iii), then, in each
such case for the purpose of this subsection 3(v), the holders of the Preferred
Stock shall be entitled to a proportionate share of any such distribution as
though they were the holders of the number of shares of Common Stock of this
Corporation into which their shares of Preferred Stock are convertible as of the
record date fixed for the determination of the holders of Common Stock of this
Corporation entitled to receive such distribution.
(vi) Recapitalizations. If
at any time or from time to time there shall be a recapitalization of the Common
Stock (other than a subdivision, combination or merger or sale of assets
transaction provided for elsewhere in this Section 3 or Section 2) provision
shall be made so that the holders of Preferred Stock shall thereafter be
entitled to receive upon conversion of the shares of Preferred Stock the number
of shares of stock or other securities or property of the Corporation or
otherwise, to which a holder of Common Stock deliverable upon conversion would
have been entitled on such recapitalization. In any such case, appropriate
adjustment shall be made in the application of the provisions of this Section 3
with respect to the rights of the holders of Preferred Stock after the
recapitalization to the end that the provisions of this Section 3 (including
adjustment of the respective Conversion Price then in effect and the number of
shares purchasable upon conversion of the shares of Preferred Stock) to reflect
such recapitalization.
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(vii) No
Impairment. Except in accordance with provisions set forth
herein, this Corporation will not, by amendment of its Certificate of
Incorporation or through any reorganization, recapitalization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities or any
other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms to be observed or performed hereunder by this Corporation, but
will at all times in good faith assist in the carrying out of all the provisions
of this Section 3 and in the taking of all such action as may be necessary or
appropriate in order to protect the conversion rights of the holders of
Preferred Stock against impairment.
(viii) No Fractional Shares and
Certificate as to Adjustments.
(a) No
fractional shares shall be issued upon the conversion of any share or shares of
Preferred Stock. Whether or not fractional shares are issuable upon
such conversion shall be determined on the basis of the total number of shares
of Preferred Stock the holder is at the time converting into Common Stock and
the number of shares of Common Stock issuable upon such aggregate conversion. In
lieu of any fractional share to which the holder would otherwise be entitled,
the Corporation shall pay cash equal to the fair market value of such fractional
share as reasonably determined in good faith by the Board of Directors of the
Corporation.
(b) Upon
the occurrence of each adjustment or readjustment of the respective Conversion
Price of Preferred Stock pursuant to this Section 3, this Corporation, at its
expense, shall promptly compute such adjustment or readjustment in accordance
with the terms hereof and prepare and furnish to each holder of Preferred Stock
a certificate setting forth such adjustment or readjustment and showing in
detail the facts upon which such adjustment or readjustment is
based. This Corporation shall, upon the written request at any time
of any holder of Preferred Stock, furnish or cause to be furnished to such
holder a like certificate setting forth (A) any such adjustment and
readjustment, (B) the Conversion Price for such series of Preferred Stock
at the time in effect, and (C) the number of shares of Common Stock and the
amount, if any, of other property that at the time would be received upon the
conversion of a share of Preferred Stock.
(ix) Notices of Record
Date. In the event of any taking by this Corporation of a
record of the holders of any class of securities for the purpose of determining
the holders thereof who are entitled to receive any dividend (other than a cash
dividend) or other distribution, any right to subscribe for, purchase or
otherwise acquire any shares of stock of any class or any other securities or
property, or to receive any other right, this Corporation shall mail to each
holder of Preferred Stock, at least twenty (20) days prior to the date specified
therein, a notice specifying the date on which any such record is to be taken
for the purpose of such dividend, distribution or right, and the amount and
character of such dividend, distribution or right.
(x) Reservation of Stock
Issuable Upon Conversion. This Corporation shall at all times
reserve and keep available out of its authorized but unissued shares of Common
Stock, solely for the purpose of effecting the conversion of the shares of the
Preferred Stock, such number of its shares of Common Stock as shall from time to
time be sufficient to effect the conversion of all outstanding shares of the
Preferred Stock; and if at any time the number of authorized but unissued shares
of Common Stock shall not be sufficient to effect the conversion of all then
outstanding shares of Preferred Stock (on a fully-diluted basis), in addition to
such other remedies as shall be available to the holder of such series of
Preferred Stock, this Corporation shall promptly take such corporate action as
may, in the opinion of its counsel, be necessary to increase its authorized but
unissued shares of Common Stock to such number of shares as shall be sufficient
for such purposes, including, without limitation, using its best efforts to
obtain the requisite shareholder approval of any necessary amendment to this
Restated Certificate of Incorporation.
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(xi) Status of Converted
Stock In the event any shares of Preferred Stock shall be
converted pursuant to this Section 3, the shares so converted shall be
cancelled and shall not be reissuable by this Corporation. The
Restated and Amended Certificate of Incorporation of this Corporation shall be
appropriately amended to effect the corresponding reduction in this
Corporation’s authorized capital stock.
(xii) Notices. Any
notice required by the provisions of this Section 3 to be given to the holders
of shares of Preferred Stock shall be deemed given if deposited in the United
States mail, postage prepaid, and addressed to each holder of record at his
address appearing on the books of this Corporation.
4. Voting
Rights.
(i) General Voting Rights of
Preferred Stock. The holder of each share of Preferred Stock
shall have the right to one vote for each share of Common Stock into which such
Preferred Stock could then be converted, and with respect to such vote, such
holder shall have full voting rights and powers equal to the voting rights and
powers of the holders of Common Stock and shall vote together with the Common
Stock and not as a separate class except as specifically provided for herein or
as otherwise required by law, and shall be entitled, notwithstanding any
provision hereof, to notice of any stockholders’ meeting in accordance with the
bylaws of this Corporation, and shall be entitled to vote, together with holders
of Common Stock, with respect to any question upon which holders of Common Stock
have the right to vote. Fractional votes shall not, however, be
permitted.
(ii) Voting for the Election of
Directors. The number of directors shall be up to seven (7)
and the Board of Directors shall be elected as follows:
(i) Four
directors shall be elected by the holders of the outstanding
Preferred Stock and the outstanding Common Stock voting as a single class on an
as-converted to Common Stock basis and in accordance with the provisions
of the Sixth Amended and Restated Investors’ Rights Agreement, dated
October 2008 (the “Investors’
Rights Agreement”). The holders of the outstanding Preferred
Stock and the outstanding Common Stock shall be entitled to remove or fill
a vacancy in any of the directors elected pursuant to this subarticle
(i) in accordance with the provisions of the Investors’ Rights
Agreement.
(ii) Three
directors (the “Common Stock
Designees”) shall be elected by the holders of the outstanding Common
Stock of the Corporation, voting as a single class and in accordance with the
provisions of the Investors’ Rights Agreement. The holders of the
outstanding Common Stock shall be entitled to remove or fill a vacancy in any of
the Common Stock Designees in accordance with the provisions of the Investors’
Rights Agreement.
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5. Redemption Rights. In
the event that holders of any class of stock of the Corporation shall be
entitled to demand redemption of their shares by the Corporation, then the
holders of the Preferred Stock shall be entitled to the most favorable
redemption rights granted to the holders of any class of stock at the same time
as such class of stock but giving effect to the Original Series A Issue Price,
the Original Series B Issue Price and the Original Series C Issue Price. To
remove all doubt, under no circumstances will the Preferred Stock be redeemed
prior to the redemption date set for any other class of stock.
6. Negative
Covenants.
6.1 As
long as the Preferred Stock of the Corporation represents at least
10% of the outstanding share capital of the Corporation (on an as-converted
basis), then without limitation of any rights of the holders of Preferred Stock
under applicable law, all the following decisions of the Corporation will
require the affirmative vote of at least 50% of the outstanding Preferred Stock
of the Corporation, voting together as one class (provided that the voting
rights of Marvel Semi-Conductor Israel Ltd. and holders of Preferred Stock who
hold less than one (1%) of the outstanding shares of the Corporation (calculated
on an as converted basis), shall be excluded from such a vote ):
(i) A
decision which results in a Merger and Acquisition
(as such term is defined in section 2(v)). This veto shall not apply:
(a) with respect to the holders of Series C Preferred Stock and Series D
Preferred Stock and Series E Preferred Stock, if the transaction described
herein yields funds or assets available for distribution to the holders of
Series C Preferred Stock representing a multiple of at least three (3) times the
Original Series C Issue Price for each share of Series C Preferred Stock
(the “C Qualified
Value”); (b) with respect to the holders of Series B Preferred Stock, if
the transaction described herein yields funds or assets available for
distribution to the holders of Series B Preferred Stock representing a multiple
of at least three (3) times the purchase price per share of Series B Preferred
Stock for each share of Series B Preferred Stock (the “B Qualified Value”); or (c)
with respect to the holders of Series A Preferred Stock, if the transaction
described herein yields funds or assets available for distribution to the
holders of Series A Preferred Stock representing a multiple of at least four (4)
times the purchase price per share of Series A Preferred Stock for each share of
Series A Stock (the "A
Qualified Value"). For
the purpose of this SubArticle 6.1(i) only, in the event that the
funds and assets available for distribution in a Merger and Acquisition shall
include shares or other securities, the value of such securities for the purpose
of calculating whether the veto as described in (a), (b) and/or (c)
herein shall apply, shall be calculated at ninety percent
(90%) of the fair market value that is determined in accordance with Article
IV(II)(2)(v)(c).
(ii) A
decision to sell, transfer, lease, pledge, license or dispose of all or assets
that reflect in excess of 40% of the fair market value of the assets, rights or
business of the Corporation. This veto shall not apply: (i) with respect to the
holders of Series A Preferred, in the event that the transaction described
herein yields a distribution reflecting A Qualified Value; (ii) with
respect to the holders of Series B Preferred Stock, in the event that the
transaction described herein yields a distribution reflecting B Qualified Value;
(iii) with respect to the holders of Series C Preferred Stock and Series D
Preferred Stock and Series E Preferred Stock, in the event that the transaction
described herein yields a distribution reflecting C Qualified
Value.
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(iii) A
decision to declare or pay any dividend on or any other distribution of cash,
shares, or other assets on account of the Common Stock of the
Corporation;
(iv) A
decision to effect a dissolution, liquidation or winding up of the Corporation
and/or the cessation of all or a substantial part of the business of the
Corporation. This veto shall not apply: (i) to the holders of Series A Preferred
Stock, in the event that the transaction described herein yields a distribution
reflecting A Qualified Value; (ii) to the holders of Series B
Preferred Stock, in the event that the transaction described herein
yields a distribution reflecting B Qualified Value; (iii) to the holders of
Series C Preferred Stock and Series D Preferred Stock and Series E Preferred
Stock, in the event that the transaction described herein yields a distribution
reflecting C Qualified Value.
(v) A
decision to approve the annual budget of the Corporation (however, it is
clarified that approval of the budget will be made by the Board of
Directors);
(vi) A
material change in the nature of the business as conducted by the Corporation
prior to such decision, provided that this Section 6.1(vi) shall not be
construed as a veto on any transaction to which another veto right under this
Section 6.1 applies;
(vii) A
decision to enter into any agreement with a holder of more than 5% of the
Corporation’s share capital (on an as converted basis) or a director of the
Corporation or any related party thereto.
6.2 Notwithstanding
Section 6.1, and without limitation of any rights of the holders of preferred
shares under applicable law, as long as the outstanding Preferred Stock
represent at least 10% of the outstanding share capital of the Corporation (on
an as-converted basis) all of the following decisions of the Corporation will
require the affirmative vote of at least a majority of the Preferred Shares,
voting together as one class (provided that if such decision under clause (i) or
(ii) below would only adversely affect the Series A Preferred Stock or the
Series B Preferred Stock or the Series C Preferred Stock or the Series D
Preferred Stock or the Series E Preferred Stock or only some of these classes,
as the case may be, then only the shares of such series of Preferred Stock shall
be considered a separate class for the purpose of this Section
6.2):
(i) A
decision to adopt any amendment of the certificate of incorporation and/or the
bylaws of the Corporation that adversely affects the rights attached to the
Preferred Stock, such as, without limitation, voting rights, liquidation rights,
anti-dilution rights, dividend rights, first refusal rights and rights to
appoint directors, as well as any amendment to this Section 6.
(ii) A
decision which allows an authorization or issuance of any shares or
other securities ("Shares") having rights,
preferences or privileges senior to or on a parity with the Preferred Stock. For
the purposes of this subsection (ii), Shares shall not include:
(i) the issuance or sale of shares of stock (or options therefor) to
employees, directors and consultants under stock plans approved by
the Corporation’s Board of Directors; (ii) the issuance of securities
pursuant to the conversion or exercise of convertible or exercisable securities;
(iii) any dividend payable in shares of Common Stock or any shares issued upon a
subdivision or combination of such shares; (iv) the issuance of securities in
connection with acquisitions of assets, businesses or companies, made by the
Corporation or settlements of claims involving the Corporation (v) after the
closing of the Series C Stock Purchase Agreement, the issuance of securities
constituting up to 10% of the outstanding share capital of the Corporation
immediately prior to such issuance, to a Strategic Investor, (herein defined as
an entity that has entered into a material agreement with the Corporation such
as an OEM agreement, agreement for purchase and/or sale of goods, or a joint
project), which Strategic Investor has been designated as a Strategic Investor
by a majority of the Board of Directors; and (vi) issuance of securities or
warrants to a lending institution in connection with a Hybrid Financing, as
defined in subsection 3.2 (vi) of the Investor Rights Agreement.
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III. Common
Stock. The rights,
preferences, privileges and restrictions granted to and imposed on the Common
Stock are as set forth below in this Article IV(III).
1. Dividend
Rights. Subject to the prior rights of holders of all classes
of stock at the time outstanding having prior rights as to dividends, the
holders of the Common Stock shall be entitled to receive, when and as declared
by the Board of Directors, out of any assets of this Corporation legally
available therefor, such dividends as may be declared from time to time by the
Board of Directors.
2. Liquidation
Rights. Upon the liquidation, dissolution or winding up of
this Corporation, the assets of this Corporation shall be distributed as
provided in Section (II)(2) of Article IV hereof.
3. Redemption. The
Common Stock is not redeemable.
4. Voting
Rights. The holder of each share of Common Stock shall have
the right to one vote for each such share, and shall be entitled to notice of
any stockholders’ meeting in accordance with the bylaws of this Corporation, and
shall be entitled to vote upon such matters and in such manner as may be
provided by law.
ARTICLE
V
Except as
otherwise provided in this Certificate of Incorporation, in furtherance and not
in limitation of the powers conferred by statute, the Board of Directors is
expressly authorized to make, repeal, alter, amend and rescind any or all of the
Bylaws of this Corporation.
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ARTICLE
VI
Issuances
of stock of the Corporation are subject to certain preemptive rights of the
stockholders of the Corporation as set forth and in accordance with the
provisions of the Investors’ Rights Agreement.
ARTICLE
VII
Elections
of directors need not be by written ballot unless the Bylaws of this Corporation
shall so provide.
ARTICLE
VIII
Meetings
of stockholders may be held within or without the State of Delaware, as the
Bylaws may provide. The books of this Corporation may be kept
(subject to any provision contained in the statutes) outside the State of
Delaware at such place or places as may be designated from time to time by the
Board of Directors or in the Bylaws of this Corporation.
ARTICLE
IX
[Reserved]
ARTICLE
X
This
Corporation reserves the right to amend, alter, change or repeal any provision
contained in this Certificate of Incorporation, in the manner now or hereafter
prescribed by statute subject to the provisions of this Certificate of
Incorporation.
ARTICLE
XI
Section
1. To
the fullest extent permitted by the General Corporation Law of Delaware as the
same exists or as may hereafter be amended, a director of the Corporation shall
not be personally liable to the Corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director. If the General
Corporation Law of Delaware is amended to authorize corporate action further
eliminating or limiting the personal liability of directors, then the liability
of a director of the Corporation shall be eliminated or limited to the fullest
extent permitted by the General Corporation Law of Delaware, as so
amended.
Section
2. The
Corporation may indemnify to the fullest extent permitted by law any person made
or threatened to be made a party to an action or proceeding, whether criminal,
civil, administrative or investigative, by reason of the fact that he, she, his
or her testator or intestate is or was a director, officer, employee or agent of
the Corporation or any predecessor of the Corporation or serves or served at any
other enterprise as a director, officer, employee or agent at the request of the
Corporation or any predecessor of the Corporation or serves or served at any
other enterprise as a director, officer, employee or agent at the request of the
Corporation or any predecessor to the Corporation.
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Section
3. Neither
any amendment nor repeal of any Section of this Article XI, nor the adoption of
any provision of this Amended and Restated Certificate of Incorporation or the
Bylaws of the Corporation inconsistent with this Article XI, shall eliminate or
reduce the effect of this Article XI in respect of any matter occurring, or any
cause of action, suit, claim or proceeding accruing or arising or that, but for
this Article XI, would accrue or arise, prior to such amendment, repeal or
adoption of an inconsistent provision.
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IN
WITNESS WHEREOF, Wintegra, Inc. has caused this Amended and Restated Certificate
of Incorporation to be signed by a duly authorized officer of the Corporation on
this 28th day
of October, 2008.
/s/ J. Ben-Zvi
Jacob
(Kobi) Ben-Zvi
President
and Chief Executive Officer
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