Attached files
Exhibit 3.1
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION OF
APPDYNAMICS, INC.
AppDynamics, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), certifies that:
A. The name of the Corporation is AppDynamics, Inc. The Corporation’s original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on April 1, 2008 under the name Singularity Technologies, Inc.
B. This Amended and Restated Certificate of Incorporation was duly adopted in accordance with Sections 242 and 245 of the General Corporation Law of the State of Delaware, and has been duly approved by the written consent of the stockholders of the Corporation in accordance with Section 228 of the General Corporation Law of the State of Delaware.
C. The text of the Amended and Restated Certificate of Incorporation is amended and restated to read as set forth in EXHIBIT A attached hereto.
IN WITNESS WHEREOF, AppDynamics, Inc. has caused this Amended and Restated Certificate of Incorporation to be signed by Randy Gottfried, a duly authorized officer of the Corporation, on January 27, 2016.
| /s/ Randy Gottfried |
| Randy Gottfried Chief Financial Officer |
EXHIBIT A
ARTICLE I
The name of the Corporation is AppDynamics, Inc.
ARTICLE II
The purpose of this Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware.
ARTICLE III
The address of the Corporation’s registered office in the State of Delaware is 1209 Orange Street, City of Wilmington, County of New Castle 19801. The name of the registered agent at such address is The Corporation Trust Company.
ARTICLE IV
The Corporation is authorized to issue two classes of stock to be designated, respectively, Common Stock and Preferred Stock. The total number of shares of stock that the Corporation shall have authority to issue is two hundred nineteen million six hundred fifty-six thousand one hundred fifteen (219,656,115) shares, consisting of one hundred forty-five million (145,000,000) shares of Common Stock, $0.001 par value per share, and seventy-four million six hundred fifty-six thousand one hundred fifteen (74,656,115) shares of Preferred Stock, $0.001 par value per share. The first Series of Preferred Stock shall be designated “Series A Preferred Stock” and shall consist of twenty-two million (22,000,000) shares. The second Series of Preferred Stock shall be designated “Series B Preferred Stock” and shall consist of sixteen million nine hundred ninety-seven thousand six hundred four (16,997,604) shares. The third Series of Preferred Stock shall be designated “Series C Preferred Stock” and shall consist of eight million four hundred sixty-nine thousand four hundred thirty-eight (8,469,438) shares. The fourth Series of Preferred Stock shall be designated “Series D Preferred Stock” and shall consist of eight million five hundred sixty-seven thousand one hundred sixteen (8,567,116) shares. The fifth Series of Preferred Stock shall be designated “Series E Preferred Stock” and shall consist of seven million sixty-nine thousand one hundred fifty-two (7,069,152) shares. The sixth Series of Preferred Stock shall be designated “Series F Preferred Stock” and shall consist of eleven million five hundred fifty-two thousand eight hundred five (11,552,805) shares.
ARTICLE V
The terms and provisions of the Common Stock and Preferred Stock are as follows:
| 1. | Definitions. For purposes of this ARTICLE V, the following definitions shall apply: |
(a) “Conversion Price” shall mean (i) $0.25 per share for the Series A Preferred Stock, (ii) $0.6472 per share for the Series B Preferred Stock, (iii) $2.36143 per share for the Series C Preferred Stock, (iv) $5.83627 per share for the Series D Preferred Stock, (v) $9.90217 per share for the Series E Preferred Stock and (vi) $13.70879 per share for the Series F Preferred Stock (each as subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).
(b) “Convertible Securities” shall mean any evidences of indebtedness, shares or other securities convertible into or exchangeable for Common Stock.
(c) “Corporation” shall mean AppDynamics, Inc.
(d) “Distribution” shall mean the transfer of cash or other property without consideration whether by way of dividend or otherwise (other than dividends on Common Stock payable in Common Stock) or the purchase or redemption of shares of the Corporation by the Corporation for cash or property other than: (i) repurchases of Common Stock issued to or held by employees, officers, directors or consultants of the Corporation upon termination of their employment or services pursuant to agreements providing for the right of said repurchase, (ii) repurchases of Common Stock issued to or held by employees, officers, directors or consultants of the Corporation or its subsidiaries pursuant to rights of first refusal contained in agreements providing for such right, (iii) repurchases of capital stock of the Corporation in connection with the settlement of disputes with any stockholder, (iv) repurchases of Common Stock of the Corporation in connection with the Issuer Tender Offer (as defined in the Amended and Restated Series F Purchase Agreement between the Corporation and the other parties thereto, dated November 8, 2015) and (v) any other repurchases or redemption of capital stock of the Corporation approved by the holders of the Common Stock and the Preferred Stock of the Corporation voting as separate classes (and with respect to the Preferred Stock, voting together as a single class and on an as-converted to Common Stock basis) and the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class).
(e) “Dividend Rate” shall mean an annual rate of (i) $0.02 per share for the Series A Preferred Stock, (ii) $0.052 per share for the Series B Preferred Stock, (iii) $0.189 per share for the Series C Preferred Stock, (iv) $0.467 per share for the Series D Preferred Stock, (v) $0.792 per share for the Series E Preferred Stock and (vi) $1.097 per share for the Series F Preferred Stock (each as subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).
(f) “Liquidation Preference” shall mean (i) $0.25 per share for the Series A Preferred Stock, (ii) $0.6472 per share for the Series B Preferred Stock, (iii) $2.36143 per share for the Series C Preferred Stock, (iv) $5.83627 per share for the Series D Preferred Stock, (v) $9.90217 per share for the Series E Preferred Stock and (vi) $13.70879 per share for the Series F Preferred Stock (each as subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).
(g) “Options” shall mean rights, options or warrants to subscribe for, purchase or otherwise acquire Common Stock or Convertible Securities.
(h) “Original Issue Price” shall mean (i) $0.25 per share for the Series A Preferred Stock, (ii) $0.6472 per share for the Series B Preferred Stock, (iii) $2.36143 per share for the Series C Preferred Stock, (iv) $5.83627 per share for the Series D Preferred Stock, (v) $9.90217 per share for the Series E Preferred Stock and (vi) $13.70879 per share for the Series F Preferred Stock (each as subject to adjustment from time to time for Recapitalizations and as otherwise set forth elsewhere herein).
(i) “Preferred Stock” shall mean the Series A Preferred Stock, the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock, the Series E Preferred Stock and the Series F Preferred Stock.
(j) “Recapitalization” shall mean any stock dividend, stock split, combination of shares, reorganization, recapitalization, subdivision reclassification or other similar event occurring after the date hereof.
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| 2. | Dividends. |
(a) Preferred Stock. In any calendar year, the holders of outstanding shares of Preferred Stock shall be entitled to receive dividends, when, as and if declared by the Board of Directors, out of any assets at the time legally available therefor, at the Dividend Rate specified for such shares of Preferred Stock payable in preference and priority to any declaration or payment of any Distribution on Common Stock of the Corporation in such calendar year. No Distributions shall be made with respect to the Common Stock unless dividends on the Preferred Stock have been declared in accordance with the preferences stated herein and all declared dividends on the Preferred Stock have been paid or set aside for payment to the Preferred Stock holders. The right to receive dividends on shares of Preferred Stock shall not be cumulative, and no right to dividends shall accrue to holders of Preferred Stock by reason of the fact that dividends on said shares are not declared or paid in any calendar year. Payment of any dividends to the holders of Preferred Stock shall be on a pro rata, pari passu basis in proportion to the Dividend Rates for each series of Preferred Stock.
(b) Participation. If, after dividends in the full preferential amount specified in Section 2(a) for the Preferred Stock have been paid or set apart for payment in any calendar year of the Corporation, the Board of Directors shall declare additional dividends out of funds legally available therefor in that calendar year, then such additional dividends shall be declared pro rata on the Common Stock and the Preferred Stock on a pari passu basis according to the number of shares of Common Stock held by such holders. For this purpose each holder of shares of Preferred Stock is to be treated as holding the greatest whole number of shares of Common Stock then issuable upon conversion of all shares of Preferred Stock held by such holder pursuant to Section 4.
(c) Non-Cash Distributions. Whenever a Distribution provided for in this Section 2 shall be payable in property other than cash, the value of such Distribution shall be deemed to be the fair market value of such property as determined in good faith by the Board of Directors.
(d) Consent to Certain Distributions. To the extent one or more sections of any other state corporations code setting forth minimum requirements for the Corporation’s retained earnings and/or net assets are applicable to this Corporation’s repurchase of shares of Common Stock, such code sections shall not apply, to the greatest extent permitted by applicable law, in whole or in part with respect to (i) repurchases of Common Stock issued to or held by employees, officers, directors or consultants of the Corporation or its subsidiaries upon termination of their employment or services pursuant to agreements providing for the right of said repurchase, (ii) repurchases of Common Stock issued to or held by employees, officers, directors or consultants of the Corporation or its subsidiaries pursuant to rights of first refusal contained in agreements providing for such right, (iii) repurchases of Common Stock or Preferred Stock in connection with the settlement of disputes with any stockholder, (iv) repurchases of Common Stock of the Corporation in connection with the Issuer Tender Offer, and (v) any other repurchase or redemption of Common Stock or Preferred Stock approved by the holders of a majority of the Common Stock and the Preferred Stock then outstanding voting as separate classes (and with respect to the Preferred Stock, voting together as a single class and on an as-converted to Common Stock basis), and the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class). In the case of any such repurchases or redemptions, distributions by the Corporation may be made without regard to the “preferential dividends arrears amount” or any “preferential rights amount,” as such terms may be defined in such other state’s corporations code.
(e) Waiver of Dividends. Any dividend preference of any series of Preferred Stock (other than the Series F Preferred Stock) may be waived, in whole or in part, by the consent or vote of the holders of the majority of the outstanding shares of such series. Any dividend preference of the Series F
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Preferred Stock may be waived, in whole or in part, by the consent or vote of the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class).
| 3. | Liquidation Rights. |
(a) Liquidation Preference. In the event of any Liquidation Event (as defined below) the holders of the Preferred Stock shall be entitled to receive, prior and in preference to any Distribution or other payment of any of the assets of the Corporation to the holders of the Common Stock by reason of their ownership of such stock, an amount per share for each share of Preferred Stock held by them equal to the sum of (i) the Liquidation Preference specified for such share of Preferred Stock and (ii) all declared but unpaid dividends (if any) on such share of Preferred Stock, or such lesser amount as may be approved by (A) the holders of the majority of the outstanding shares of Preferred Stock and (B)(1) with respect to any lesser amount affecting the Series C Preferred Stock, the holders of a majority of the outstanding shares of the Series C Preferred Stock (voting as a separate class), (2) with respect to any lesser amount affecting the Series D Preferred Stock, the holders of a majority of the outstanding shares of the Series D Preferred Stock (voting as a separate class), (3) with respect to any lesser amount affecting the Series E Preferred Stock, the holders of a majority of the outstanding shares of the Series E Preferred Stock (voting as a separate class) and (4) with respect to any lesser amount affecting the Series F Preferred Stock, the holders of at least 53.0% of the then outstanding shares of the Series F Preferred Stock (voting as a separate class). If upon a Liquidation Event (as defined below), the assets of the Corporation legally available for distribution to the holders of the Preferred Stock are insufficient to permit the payment to such holders of the full amounts specified in this Section 3(a), then the entire assets of the Corporation legally available for distribution shall be distributed with equal priority and pro rata among the holders of the Preferred Stock in proportion to the full amounts they would otherwise be entitled to receive pursuant to this Section 3(a).
(b) Remaining Assets. After the payment or setting aside for payment to the holders of Preferred Stock of the full amounts specified in Section 3(a) above, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of the Common Stock of the Corporation in proportion to the number of shares of Common Stock held by them.
(c) Shares not Treated as Both Preferred Stock and Common Stock in any Distribution. Shares of Preferred Stock shall not be entitled to be converted into shares of Common Stock in order to participate in any Distribution, or series of Distributions, as shares of Common Stock, without first foregoing participation in the Distribution, or series of Distributions, as shares of Preferred Stock. Upon any Liquidation Event (as defined in subsection (d) below), then each holder of Preferred Stock shall be entitled to receive, for each share of each series of Preferred Stock then held, out of the proceeds available for distribution, the greater of (i) the amount of cash, securities or other property to which such holder would be entitled to receive with respect to such shares in a Liquidation Event pursuant to Section 3(a) (without giving effect to this Section 3(c)) or (ii) the amount of cash, securities or other property to which such holder would be entitled to receive in a Liquidation Event with respect to such shares if such shares had been converted to Common Stock immediately prior to such Liquidation Event.
(d) Reorganization. For purposes of this Section 3, a liquidation, dissolution or winding up of the Corporation shall be deemed to be occasioned by, or to include, (i) the acquisition of the Corporation by another entity by means of any transaction or series of related transactions to which the Corporation is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation but excluding any sale of stock for capital raising purposes) other than a transaction or series of transactions in which the holders of the voting securities of the Corporation outstanding immediately prior to such transaction retain, immediately after such transaction or series of transactions, as a result of shares in the Corporation held by such holders prior to such transaction, a majority of the total voting power represented by
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the outstanding voting securities of the Corporation or such other surviving or resulting entity (or if the Corporation or such other surviving or resulting entity is a wholly-owned subsidiary immediately following such acquisition, its parent); (ii) a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Corporation and its subsidiaries taken as a whole by means of any transaction or series of related transactions, except where such sale, lease, exclusive license or other disposition is to a wholly-owned subsidiary of the Corporation; (iii) any transaction or series of related transactions to which the Corporation is a party in which more than fifty percent (50%) of the Corporation’s voting power is transferred; provided that any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Corporation, indebtedness of the Corporation is cancelled or converted, or any combination thereof shall not be deemed to be a liquidation, dissolution or winding up of the Corporation; or (iv) any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary (collectively, a “Liquidation Event”). The treatment of any transaction or series of related transactions as a Liquidation Event pursuant to clause (i), (ii) or (iii) of the preceding sentence may be waived by the consent or vote of the holders of a majority of the Preferred Stock then outstanding (voting as a single class and on an as-converted to Common Stock basis), the holders of a majority of the Series C Preferred Stock then outstanding (voting as a separate class), the holders of a majority of the Series D Preferred Stock then outstanding (voting as a separate class), the holders of a majority of the Series E Preferred Stock then outstanding (voting as a separate class) and the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class).
(e) Valuation of Non-Cash Consideration. If any assets of the Corporation distributed to stockholders in connection with any Liquidation Event are other than cash, then the value of such assets shall be their fair market value as determined in good faith by the Board of Directors, except that any publicly-traded securities to be distributed to stockholders in a Liquidation Event shall be valued as follows:
(i) If the securities are then traded on a national securities exchange, then the value of the securities shall be deemed to be the average of the closing prices of the securities on such exchange over the ten (10) trading day period ending five (5) trading days prior to the Distribution;
(ii) if the securities are actively traded over-the-counter, then the value of the securities shall be deemed to be the average of the closing bid prices of the securities over the ten (10) trading day period ending five (5) trading days prior to the Distribution.
(f) Effecting a Liquidation Event. The Corporation shall not have the power to effect a Liquidation Event referred to above unless (i) the treatment of the applicable transaction or series of related transactions as a Liquidation Event is waived or consented to pursuant to Section 3(d) or (ii) the agreement or plan of merger or consolidation for such transaction provides that the consideration payable to the stockholders of the Corporation shall be allocated among the holders of capital stock of the Corporation in accordance with Sections 3(a) and (c).
In the event of a merger or other acquisition of the Corporation by another entity, the Distribution date shall be deemed to be the date such transaction closes.
For the purposes of this subsection 3(e), “trading day” shall mean any day which the exchange or system on which the securities to be distributed are traded is open and “closing prices” or “closing bid prices” shall be deemed to be: (i) for securities traded primarily on the New York Stock Exchange, the American Stock Exchange or a Nasdaq market, the last reported trade price or sale price, as the case may be, at 4:00 p.m., New York time, on that day and (ii) for securities listed or traded on other exchanges, markets and systems, the market price as of the end of the regular hours trading period that is generally accepted as such for such exchange, market or system. If, after the date hereof, the benchmark times generally accepted
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in the securities industry for determining the market price of a stock as of a given trading day shall change from those set forth above, the fair market value shall be determined as of such other generally accepted benchmark times.
| 4. | Conversion. The holders of the Preferred Stock shall have conversion rights as follows: |
(a) 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 the Corporation or any transfer agent for the Preferred Stock, into that number of fully-paid, nonassessable shares of Common Stock determined by dividing the Original Issue Price for the relevant series by the Conversion Price for such series. (The number of shares of Common Stock into which each share of Preferred Stock of a series may be converted is hereinafter referred to as the “Conversion Rate” for each such series.) Upon any decrease or increase in the Conversion Price for any series of Preferred Stock, as described in this Section 4, the Conversion Rate for such series shall be appropriately increased or decreased.
(b) Automatic Conversion of Preferred Stock. (i) Each share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), covering the offer and sale of the Corporation’s Common Stock, provided that the offering price per share is not less than $7.29534 per share (as adjusted for Recapitalizations) and the aggregate gross proceeds to the Corporation are not less than $35,000,000 (before deduction of underwriters’ commission and expenses) (a “Qualified IPO”); (ii) each share of Series A Preferred Stock and Series B Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share upon the receipt by the Corporation of a written request for such conversion from the holders of a majority of the Series A Preferred Stock and Series B Preferred Stock then outstanding (voting together as a single class and on an as-converted to Common Stock basis) or, if later, the effective date for conversion specified in such request; (iii) each share of Series C Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share upon the receipt by the Corporation of a written request for such conversion from the holders of a majority of the Series C Preferred Stock then outstanding (voting separately as a single class) or, if later, the effective date for conversion specified in such request, (iv) each share of Series D Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share upon the receipt by the Corporation of a written request for such conversion from the holders of a majority of the Series D Preferred Stock then outstanding (voting separately as a single class) or, if later, the effective date for conversion specified in such request, (v) each share of Series E Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share upon the earlier to occur of (1) immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act, covering the offer and sale of the Corporation’s Common Stock, provided that the offering price per share is not less than $9.90217 per share (as adjusted for Recapitalizations) (a “Series E Qualified IPO”) and (2) receipt by the Corporation of a written request for such conversion from the holders of a majority of the Series E Preferred Stock then outstanding (voting separately as a single class) or, if later, the effective date for conversion specified in such request and (vi) each share of Series F Preferred Stock shall automatically be converted into fully-paid, non-assessable shares of Common Stock at the then effective Conversion Rate for such share upon the earlier to occur of (1) immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act, covering the offer and sale of the Corporation’s Common Stock (a “Series F Qualified IPO”) and (2) receipt by the Corporation of a written request for such
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conversion from the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting separately as a single class) or, if later, the effective date for conversion specified in such request (each of the events referred to in (i), (ii), (iii), (iv), (v) and (vi) are referred to herein as an “Automatic Conversion Event”).
(c) Mechanics of Conversion. No fractional shares of Common Stock shall be issued upon conversion of Preferred Stock. In lieu of any fractional shares to which the holder would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the then fair market value of a share of Common Stock as determined by the Board of Directors. For such purpose, all shares of Preferred Stock held by each holder of Preferred Stock shall be aggregated, and any resulting fractional share of Common Stock shall be paid in cash. Before any holder of Preferred Stock shall be entitled to convert the same into full shares of Common Stock, and to receive certificates therefor, the holder shall either (A) surrender the certificate or certificates therefor, duly endorsed, at the office of the Corporation or of any transfer agent for the Preferred Stock or (B) notify the Corporation or its transfer agent that such certificates have been lost, stolen or destroyed and execute an agreement satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection with such certificates, and shall give written notice to the Corporation at such office that the holder elects to convert the same; provided, however, that on the date of an Automatic Conversion Event, the outstanding shares of the applicable series of 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 further, however, that the Corporation shall not be obligated to issue certificates evidencing the shares of Common Stock issuable upon such Automatic Conversion Event unless either the certificates evidencing such shares of Preferred Stock are delivered to the Corporation or its transfer agent as provided above, or the holder notifies the Corporation or its transfer agent that such certificates have been lost, stolen or destroyed and executes an agreement satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection with such certificates. On the date of the occurrence of an Automatic Conversion Event, each holder of record of shares of the applicable series of Preferred Stock, shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, notwithstanding that the certificates representing such shares of Preferred Stock shall not have been surrendered at the office of the Corporation, that notice from the Corporation shall not have been received by any holder of record of shares of the applicable series of Preferred Stock, or that the certificates evidencing such shares of Common Stock shall not then be actually delivered to such holder.
The Corporation shall, as soon as practicable after such delivery, or after such agreement and indemnification, issue and deliver at such office to such holder of Preferred Stock, a certificate or certificates for the number of shares of Common Stock to which the holder shall be entitled as aforesaid and a check payable to the holder in the amount of any cash amounts payable as the result of a conversion into fractional shares of Common Stock, plus any declared and unpaid dividends on the converted Preferred Stock. 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 on such date; provided, however, that if the conversion is in connection with an underwritten offer of securities registered pursuant to the Securities Act or a merger, sale, financing, or liquidation of the Corporation or other event, the conversion may, at the option of any holder tendering Preferred Stock for conversion, be conditioned upon the closing of such transaction or upon the occurrence of such event, in which case the person(s) entitled to receive the Common Stock issuable upon such conversion of the Preferred Stock shall not be deemed to have converted such Preferred Stock until immediately prior to the closing of such transaction or the occurrence of such event.
(d) Adjustments to Conversion Price for Diluting Issues.
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(i) Special Definition. For purposes of this paragraph 4(d), “Additional Shares of Common” shall mean all shares of Common Stock issued (or, pursuant to paragraph 4(d)(iii), deemed to be issued) by the Corporation after the filing of this Amended and Restated Certificate of Incorporation, other than issuances or deemed issuances of:
(1) up to 54,389,666 (as adjusted for Recapitalizations) shares, of Common Stock, options to purchase Common Stock (including shares issued upon exercise of any such options) or restricted stock units (including shares issued upon the vesting and settlement of any such restricted stock units), issued or issuable to employees, officers or directors of, or consultants or advisors to the Corporation or any subsidiary pursuant to restricted stock purchase agreements, option plans, purchase plans, incentive programs or similar arrangements approved by the Board of Directors;
(2) shares of Common Stock issued upon the exercise or conversion of Convertible Securities (which, for the avoidance of doubt, excludes stock options) or warrants to subscribe for, purchase or otherwise acquire Common Stock or Convertible Securities outstanding as of the date of the filing of this Amended and Restated Certificate of Incorporation;
(3) shares of Common Stock issued upon the conversion of the Preferred Stock;
(4) shares of Common Stock issued or issuable as a dividend or distribution on Preferred Stock or pursuant to any event for which adjustment is made pursuant to paragraphs 4(e), 4(f) or 4(g) hereof;
(5) shares of Common Stock issued in a registered public offering under the Securities Act pursuant to which all outstanding shares of Preferred Stock are converted to Common Stock;
(6) shares of Common Stock issued or issuable pursuant to the acquisition of another corporation by the Corporation by merger, purchase of substantially all of the assets or other reorganization or to a joint venture agreement, provided, that such issuances are approved by the Board of Directors, including at least one of the Preferred Directors (as defined below);
(7) shares of Common Stock issued or issuable to banks, equipment lessors or other financial institutions pursuant to a debt financing or commercial leasing transaction approved by the Board of Directors, including at least one of the Preferred Directors (as defined below);
(8) shares of Common Stock issued or issuable in connection with any settlement of any action, suit, proceeding or litigation approved by the Board of Directors, including at least one of the Preferred Directors (as defined below);
(9) shares of Common Stock issued or issuable in connection with sponsored research, collaboration, technology license, development, OEM, marketing or other similar agreements or strategic partnerships approved by the Board of Directors, including at least one of the Preferred Directors (as defined below);
(10) shares of Common Stock issued or issuable to suppliers or third party service providers in connection with the provision of goods or services pursuant to transactions approved by the Board of Directors, including at least one of the Preferred Directors (as defined below); and
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(11) shares of capital stock or options or warrants to purchase shares of capital stock issued or issuable upon the affirmative vote or written consent of the holders of (i) a majority of the Preferred Stock then outstanding (voting as a single class and on an as-converted to Common Stock basis) (ii) with respect to issuances that affect the Conversion Price for the Series C Preferred Stock, a majority of the Series C Preferred Stock then outstanding (voting as a separate class), (iii) with respect to issuances that affect the Conversion Price for the Series D Preferred Stock, a majority of the Series D Preferred Stock then outstanding (voting as a separate class), (iv) with respect to issuances that affect the Conversion Price for the Series E Preferred Stock, a majority of the Series E Preferred Stock then outstanding (voting as a separate class) and (v) with respect to issuances that affect the Conversion Price for the Series F Preferred Stock, at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class), provided that such Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and/or Series F Preferred Stock, approval shall specifically state that such Common Stock shall not be deemed “Additional Stock” under this Section 4(d)(i)(11).
(ii) No Adjustment of Conversion Price. No adjustment in the Conversion Price of a particular series of Preferred Stock shall be made in respect of the issuance of Additional Shares of Common unless the consideration per share (as determined pursuant to paragraph 4(d)(v)) for an Additional Share of Common issued or deemed to be issued by the Corporation is less than the Conversion Price in effect on the date of, and immediately prior to such issue, for such series of Preferred Stock.
(iii) Deemed Issue of Additional Shares of Common. In the event the Corporation at any time or from time to time after the date of the filing of this Amended and Restated Certificate of Incorporation shall issue any Options or Convertible Securities or shall fix a record date for the determination of holders of any class of securities entitled to receive any such Options or Convertible Securities, then the maximum number of shares (as set forth in the instrument relating thereto without regard to any provisions contained therein for a subsequent adjustment of such number) of Common Stock issuable upon the exercise of such Options or, in the case of Convertible Securities, the conversion or exchange of such Convertible Securities or, in the case of Options for Convertible Securities, the exercise of such Options and the conversion or exchange of the underlying securities, shall be deemed to have been issued as of the time of such issue or, in case such a record date shall have been fixed, as of the close of business on such record date, provided that in any such case in which shares are deemed to be issued:
(1) no further adjustment in the Conversion Price of any series of Preferred Stock shall be made upon the subsequent issue of Convertible Securities or shares of Common Stock in connection with the exercise of such Options or conversion or exchange of such Convertible Securities;
(2) if such Options or Convertible Securities by their terms provide, with the passage of time or otherwise, for any change in the consideration payable to the Corporation or in the number of shares of Common Stock issuable upon the exercise, conversion or exchange thereof (other than a change pursuant to the anti-dilution provisions of such Options or Convertible Securities such as this Section 4(d) or pursuant to Recapitalization provisions of such Options or Convertible Securities such as Sections 4(e), 4(f) and 4(g) hereof), the Conversion Price of each series of Preferred Stock and any subsequent adjustments based thereon shall be recomputed to reflect such change as if such change had been in effect as of the original issue thereof (or upon the occurrence of the record date with respect thereto);
(3) no readjustment pursuant to clause (2) above shall have the effect of increasing the Conversion Price of a series of Preferred Stock to an amount above the Conversion Price that would have resulted from any other issuances of Additional Shares of Common and any other adjustments provided for herein between the original adjustment date and such readjustment date;
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(4) upon the expiration of any such Options or any rights of conversion or exchange under such Convertible Securities which shall not have been exercised, the Conversion Price of each Series of Preferred Stock computed upon the original issue thereof (or upon the occurrence of a record date with respect thereto) and any subsequent adjustments based thereon shall, upon such expiration, be recomputed as if:
(a) in the case of Convertible Securities or Options for Common Stock, the only Additional Shares of Common issued were the shares of Common Stock, if any, actually issued upon the exercise of such Options or the conversion or exchange of such Convertible Securities and the consideration received therefor was the consideration actually received by the Corporation for the issue of such exercised Options plus the consideration actually received by the Corporation upon such exercise or for the issue of all such Convertible Securities which were actually converted or exchanged, plus the additional consideration, if any, actually received by the Corporation upon such conversion or exchange, and
(b) in the case of Options for Convertible Securities, only the Convertible Securities, if any, actually issued upon the exercise thereof were issued at the time of issue of such Options, and the consideration received by the Corporation for the Additional Shares of Common deemed to have been then issued was the consideration actually received by the Corporation for the issue of such exercised Options, plus the consideration deemed to have been received by the Corporation (determined pursuant to Section 4(d)(v)) upon the issue of the Convertible Securities with respect to which such Options were actually exercised; and
(5) if such record date shall have been fixed and such Options or Convertible Securities are not issued on the date fixed therefor, the adjustment previously made in the Conversion Price which became effective on such record date shall be canceled as of the close of business on such record date, and thereafter the Conversion Price shall be adjusted pursuant to this paragraph 4(d)(iii) as of the actual date of their issuance.
(iv) Adjustment of Conversion Price Upon issuance of Additional Shares of Common. In the event this Corporation shall issue Additional Shares of Common (including Additional Shares of Common deemed to be issued pursuant to paragraph 4(d)(iii)) without consideration or for a consideration per share less than the applicable Conversion Price of a series of Preferred Stock in effect on the date of and immediately prior to such issue, then, the Conversion Price of the affected series of Preferred Stock shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) determined by multiplying such Conversion Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such issue plus the number of shares which the aggregate consideration received by the Corporation for the total number of Additional Shares of Common so issued would purchase at such Conversion Price, and the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to such issue plus the number of such Additional Shares of Common so issued. Notwithstanding the foregoing, the Conversion Price shall not be reduced at such time if the amount of such reduction would be less than $0.01, but any such amount shall be carried forward, and a reduction will be made with respect to such amount at the time of, and together with, any subsequent reduction which, together with such amount and any other amounts so carried forward, equal $0.01 or more in the aggregate. For the purposes of this Subsection 4(d)(iv), all shares of Common Stock issuable upon conversion of all outstanding shares of Preferred Stock and the exercise and/or conversion of any other outstanding Convertible Securities and all outstanding Options shall be deemed to be outstanding.
(v) Determination of Consideration. For purposes of this subsection 4(d), the consideration received by the Corporation for the issue (or deemed issue) of any Additional Shares of Common shall be computed as follows:
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(1) Cash and Property. Such consideration shall:
(a) insofar as it consists of cash, be computed at the aggregate amount of cash received by the Corporation before deducting any reasonable discounts, commissions or other expenses allowed, paid or incurred by the Corporation for any underwriting or otherwise in connection with such issuance;
(b) insofar as it consists of property other than cash, be computed at the fair market value thereof at the time of such issue, as determined in good faith by the Board of Directors; and
(c) in the event Additional Shares of Common are issued together with other shares or securities or other assets of the Corporation for consideration which covers both, be the proportion of such consideration so received, computed as provided in clauses (a) and (b) above, as reasonably determined in good faith by the Board of Directors.
(2) Options and Convertible Securities. The consideration per share received by the Corporation for Additional Shares of Common deemed to have been issued pursuant to paragraph 4(d)(iii) shall be determined by dividing:
(x) the total amount, if any, received or receivable by the Corporation as consideration for the issue of such Options or Convertible Securities, plus the minimum aggregate amount of additional consideration (as set forth in the instruments relating thereto, without regard to any provision contained therein for a subsequent adjustment of such consideration) payable to the Corporation upon the exercise of such Options or the conversion or exchange of such Convertible Securities, or in the case of Options for Convertible Securities, the exercise of such Options for Convertible Securities and the conversion or exchange of such Convertible Securities by
(y) the maximum number of shares of Common Stock (as set forth in the instruments relating thereto, without regard to any provision contained therein for a subsequent adjustment of such number) issuable upon the exercise of such Options or the conversion or exchange of such Convertible Securities.
(e) Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the Conversion Price of each series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
(f) Adjustments for Subdivisions or Combinations of Preferred Stock. In the event the outstanding shares of Preferred Stock or a series of Preferred Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Preferred Stock, the Dividend Rate, Original Issue Price and Liquidation Preference of the affected series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Preferred Stock or a series of Preferred Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Preferred Stock, the Dividend Rate, Original Issue Price and Liquidation Preference of the affected series of Preferred Stock in
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effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
(g) Adjustments for Reclassification, Exchange and Substitution. Subject to Section 3 above (“Liquidation Rights”), if the Common Stock issuable upon conversion of the Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then, in any such event, in lieu of the number of shares of Common Stock which the holders would otherwise have been entitled to receive each holder of such Preferred Stock shall have the right thereafter to convert such shares of Preferred Stock into a number of shares of such other class or classes of stock which a holder of the number of shares of Common Stock deliverable upon conversion of such series of Preferred Stock immediately before that change would have been entitled to receive in such reorganization or reclassification, all subject to further adjustment as provided herein with respect to such other shares.
(h) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price pursuant to this Section 4, the Corporation at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof 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. The 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 (i) such adjustments and readjustments, (ii) the Conversion Price at the time in effect and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of Preferred Stock.
(i) Waiver of Adjustment of Conversion Price. Notwithstanding anything herein to the contrary, any downward adjustment of the Conversion Price of any series of Preferred Stock (other than the Series F Preferred Stock) may be waived by the consent or vote of the holders of the majority of the outstanding shares of such series either before or after the issuance causing the adjustment, and any downward adjustment of the Conversion Price of the Series F Preferred Stock may be waived by the consent or vote of the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class) either before or after the issuance causing the adjustment. Any such waiver shall bind all future holders of shares of such series of Preferred Stock.
(j) Notices of Record Date. In the event that this Corporation shall propose at any time:
(i) to declare any Distribution upon its Common Stock, whether in cash, property, stock or other securities, whether or not a regular cash dividend and whether or not out of earnings or earned surplus;
(ii) to effect any reclassification or recapitalization of its Common Stock outstanding involving a change in the Common Stock; or
(iii) to voluntarily liquidate or dissolve or to enter into any transaction deemed to be a Liquidation Event pursuant to Section 3(d);
then, in connection with each such event, this Corporation shall send to the holders of the Preferred Stock prior written notice of the date on which a record shall be taken for such Distribution (and specifying the date on which the holders of Common Stock shall be entitled thereto and, if applicable, the amount and character of such Distribution) or for determining rights to vote in respect of the matters referred to in (ii) and (iii) above.
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Such written notice shall be given by first class mail (or express courier), postage prepaid, addressed to the holders of Preferred Stock at the address for each such holder as shown on the books of the Corporation and shall be deemed given on the date such notice is mailed.
The notice provisions set forth in this section may be shortened or waived prospectively or retrospectively by the consent or vote of the holders of a majority of the Preferred Stock then outstanding, voting as a single class and on an as-converted to Common Stock basis.
(k) Reservation of Stock Issuable Upon Conversion. The 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 then 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 the Preferred Stock, the Corporation will 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 purpose.
(1) Special IPO Adjustment to Conversion Price of Series F Preferred Stock. If, in connection with a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act covering the offer and sale of the Corporation’s Common Stock (including a Qualified IPO and Series E Qualified IPO) (the “IPO Registration Statement”), the Corporation’s market capitalization is valued at less than $1,900,000,000, as determined by multiplying the number of shares of Common Stock outstanding immediately prior to the closing of such public offering (the “Fully Diluted IPO Shares”) by the price per share of Common Stock sold in such public offering (the “IPO Valuation Price”), then the Conversion Price of the Series F Preferred Stock then in effect shall be adjusted downward to an amount equal to the greater of (i) the IPO Valuation Price and (ii) $11.411003 (as adjusted for any stock dividends, combinations, splits, recapitalizations or the like with respect to such shares). The downward adjustment of the Conversion Price of the Series F Preferred Stock, if any, pursuant to this Subsection 4(l) shall occur effective as of immediately prior to any conversion of the Series F Preferred Stock into Common Stock in connection with such public offering (or, in the event that no such conversion occurs, effective as of immediately prior to the closing of such public offering), and for the avoidance of doubt, shall be reflected in the number of shares of Common Stock into which each share of Series F Preferred Stock are converted in connection with such public offering, including, without limitation, a conversion pursuant to Subsection 4(b). Notwithstanding the foregoing, the Conversion Price of Series F Preferred Stock shall not be reduced at such time if the amount of such reduction would be less than $0.01. For the purposes of this Subsection 4(l) (including for purposes of determining the number of Fully-Diluted IPO Shares), all shares of Common Stock issuable upon conversion of all outstanding shares of Preferred Stock and the exercise and/or conversion of any other outstanding Convertible Securities and Options (including, for the avoidance of doubt, restricted stock units, assuming full vesting and settlement thereof), and all shares reserved for issuance to employees, officers or directors of, or consultants or advisors to the Corporation or any subsidiary pursuant to the Corporation’s option plans or similar arrangements approved by the Board of Directors, shall be deemed to be outstanding.
| 5. | Voting. |
(a) Restricted Class Voting. Except as otherwise expressly provided herein or as required by law, the holders of Preferred Stock and the holders of Common Stock shall vote together and not as separate classes.
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(b) No Series Voting. Other than as provided herein or required by law, there shall be no series voting.
(c) Preferred Stock. Each holder of Preferred Stock shall be entitled to the number of votes equal to the number of shares of Common Stock into which the shares of Preferred Stock held by such holder could be converted as of the record date. Fractional votes shall not be permitted and any fractional voting rights resulting from the above formula (after aggregating all shares into which shares of Preferred Stock held by each holder could be converted) shall be disregarded. Except as otherwise expressly provided herein or as required by law, the holders of shares of the Preferred Stock shall be entitled to vote on all matters on which the Common Stock shall be entitled to vote. Holders of Preferred Stock shall be entitled to notice of any stockholders’ meeting in accordance with the Bylaws of the Corporation.
(d) Election of Directors.
(i) So long as at least 3,500,000 shares (as adjusted for Recapitalizations) of Preferred Stock remain outstanding, the holders of Preferred Stock, voting as a separate class, shall be entitled to elect three (3) members of the Corporation’s Board of Directors (the “Preferred Directors”) at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors.
(ii) The holders of Common Stock, voting as a separate class, shall be entitled to elect two (2) members of the Corporation’s Board of Directors (the “Common Directors”) at each meeting, or pursuant to each consent, of the Corporation’s stockholders for the election of directors.
(iii) The holders of Common Stock and Preferred Stock, each voting as a separate class (and with respect to the Preferred Stock, on an as-converted to Common Stock basis), shall be entitled to elect three (3) members of the Corporation’s Board of Directors (the “Mutual Director”) at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors.
(iv) If a vacancy on the Board of Directors is to be filled by the Board of Directors, only directors elected by the same class or classes of stockholders as those who would be entitled to vote to fill such vacancy shall vote to fill such vacancy. If a vacancy on the Board of Directors is to be filled by the stockholders, such vacancy shall be filled by, and only by, the affirmative vote of the holders of the shares of the class or series of stock entitled to elect such director, given either at a special meeting of such stockholders duly called for that purpose or pursuant to a written consent of such stockholders.
(v) Any director elected as provided in this subsection (d) may be removed, either with or without cause, by, and only by, the affirmative vote of the holders of the shares of the class or series of stock entitled to elect such director or directors, given either at a special meeting of such stockholders duly called for that purpose or pursuant to a written consent of stockholders.
(e) Adjustment in Authorized Common Stock. The number of authorized shares of Common Stock may be increased or decreased (but not below the number of shares of Common Stock then outstanding) by an affirmative vote of the holders of a majority of the stock of the Corporation.
(f) Common Stock. Each holder of shares of Common Stock shall be entitled to one vote for each share thereof held.
(g) California Section 2115. To the extent that Section 2115 of the California General Corporation Law makes Section 708 subdivisions (a), (b) and (c) of the California General Corporation Law applicable to the Corporation, the Corporation’s stockholders shall have the right to cumulate their votes in
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connection with the election of directors as provided by Section 708 subdivisions (a), (b) and (c) of the California General Corporation Law.
| 6. | Amendments and Changes. |
(a) Preferred Stock Protective Provisions. So long as 7,000,000 shares (as adjusted for Recapitalizations) of Preferred Stock remain outstanding, the Corporation shall not (by amendment, reclassification, merger or otherwise), without first obtaining the approval (by vote or written consent as provided by law) of the holders of more than fifty percent (50%) of the outstanding shares of the Preferred Stock:
(i) amend, alter, repeal or waive any provision of the Amended and Restated Certificate of Incorporation or bylaws of the Corporation if such action would adversely alter the rights, preferences, privileges or powers of, or restrictions provided for the benefit of the Preferred Stock;
(ii) increase or decrease the authorized number of shares of Preferred Stock (or any series thereof);
(iii) authorize or create (by reclassification, merger or otherwise) any new class or series of equity security (including any other security convertible into or exercisable for any such equity security) having rights, preferences or privileges with respect to voting, dividends, redemption or payments upon liquidation senior to or on a parity with any series of Preferred Stock;
(iv) liquidate, dissolve or wind-up the business and affairs of the Corporation, effect a Liquidation Event, or consent, agree or commit to any of the foregoing without conditioning such consent, agreement or commitment upon obtaining the approval required by this Section 6;
(v) change the authorized size of the Board of Directors;
(vi) redeem or repurchase any shares of Common Stock or Preferred Stock (other than pursuant to agreements giving the Corporation the right to repurchase shares upon the termination of services or pursuant to rights of first refusal contained in agreements providing for such right) other than as approved by the Board;
(vii) make a repurchase or redemption of the capital stock of the Corporation as set forth in clause (iv) of the definition of Distribution hereof; or
(viii) amend this Section 6.
(b) Separate Series Protective Provision. The Corporation shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, without first obtaining the approval (by vote or written consent as provided by law) of the holders of a majority of the then-outstanding shares of a series of Preferred Stock (other than the Series F Preferred Stock) (i) increase or decrease the authorized number of shares of such series of Preferred Stock or (ii) amend, alter, change, waive or terminate any of the rights, powers or preferences of such series of Preferred Stock or the rights of the holders thereof (including, without limitation, any waiver of a Liquidation Event or anti-dilution adjustment). The Corporation shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, without first obtaining the approval (by vote or written consent as provided by law) of the holders of at least 53.0% of the Series F Preferred Stock then outstanding (voting as a separate class) (i) increase or decrease the authorized number of shares of Series F Preferred Stock or (ii) amend, alter, change, waive or terminate any of the rights, powers or
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preferences of such series of Series F Preferred Stock or the rights of the holders thereof (including, without limitation, any amendment, alteration, change, waiver or termination of Subsections 4(b)(vi) or 4(l), waiver of a Liquidation Event or waiver of an anti-dilution adjustment).
7. Reissuance of Preferred Stock. In the event that any shares of Preferred Stock shall be converted pursuant to Section 4 or otherwise repurchased by the Corporation, the shares so converted or repurchased shall be cancelled and shall not be issuable by this Corporation.
8. Notices. Any notice required by the provisions of this ARTICLE V to be given to the holders of Preferred Stock shall be deemed given if deposited in the United States mail, postage prepaid, and addressed to each holder of record at such holder’s address appearing on the books of the Corporation.
9. No Redemption. The Preferred Stock is not redeemable at the election of the holder.
ARTICLE VI
The Corporation is to have perpetual existence.
ARTICLE VII
Elections of directors need not be by written ballot unless the Bylaws of the Corporation shall so provide.
ARTICLE VIII
Unless otherwise set forth herein, the number of directors that constitute the Board of Directors of the Corporation shall be fixed by, or in the manner provided in, the Bylaws of the Corporation.
ARTICLE IX
In furtherance and not in limitation of the powers conferred by statute, the Board of Directors of the Corporation is expressly authorized to adopt, amend or repeal the Bylaws of the Corporation, subject to any restrictions that may be set forth in this Amended and Restated Certificate of Incorporation.
ARTICLE X
1. To the fullest extent permitted by the Delaware General Corporation Law 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 a breach of fiduciary duty as a director. If the Delaware General Corporation Law 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 Delaware General Corporation Law, as so amended.
2. The Corporation shall have the power to indemnify, to the extent permitted by the Delaware General Corporation Law, as it presently exists or may hereafter be amended from time to time, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”) by reason of the fact that he or she is or was a director, officer, employee or agent of the Corporation or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, against expenses
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(including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any such Proceeding.
3. Neither any amendment nor repeal of this ARTICLE X, nor the adoption of any provision of this Corporation’s Certificate of Incorporation inconsistent with this ARTICLE X, shall eliminate or reduce the effect of this ARTICLE X, in respect of any matter occurring, or any action or proceeding accruing or arising or that, but for this ARTICLE X, would accrue or arise, prior to such amendment, repeal or adoption of an inconsistent provision.
ARTICLE XI
Meetings of stockholders may be held within or without the State of Delaware, as the Bylaws may provide. The books of the Corporation may be kept (subject to any provision contained in the statutes) outside of 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 the Corporation.
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CERTIFICATE OF AMENDMENT TO THE
AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
OF
APPDYNAMICS, INC.
David Wadhwani hereby certifies that:
1. He is the duly elected and acting President and Chief Executive Officer of AppDynamics, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”).
2. The name of the Corporation is AppDynamics, Inc. The Corporation’s original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on April 1, 2008 under the name Singularity Technologies, Inc.
3. Pursuant to Section 242 of the Delaware General Corporation Law, this Certificate of Amendment to the Amended and Restated Certificate of Incorporation amends certain provisions of the Corporation’s Amended and Restated Certificate of Incorporation.
4. The terms and provisions of this Certificate of Amendment to the Amended and Restated Certificate of Incorporation have been duly approved by written consent of the required number of shares of outstanding stock of the Corporation pursuant to Subsection 228(a) of the Delaware General Corporation Law.
5. The first paragraph under Article IV of the Amended and Restated Certificate of Incorporation is hereby amended to read in its entirety as follows:
“The Corporation is authorized to issue two classes of stock to be designated, respectively, Common Stock and Preferred Stock. The total number of shares of stock that the Corporation shall have authority to issue is two hundred twenty-nine million six hundred sixty-five thousand one hundred fifteen (229,656,115) shares, consisting of one hundred fifty-five million (155,000,000) shares of Common Stock, $0.001 par value per share, and seventy-four million six hundred fifty-six thousand one hundred fifteen (74,656,115) shares of Preferred Stock, $0.001 par value per share. The first Series of Preferred Stock shall be designated “Series A Preferred Stock” and shall consist of twenty-two million (22,000,000) shares. The second Series of Preferred Stock shall be designated “Series B Preferred Stock” and shall consist of sixteen million nine hundred ninety-seven thousand six hundred four (16,997,604) shares. The third Series of Preferred Stock shall be designated “Series C Preferred Stock” and shall consist of eight million four hundred sixty-nine thousand four hundred thirty-eight (8,469,438) shares. The fourth Series of Preferred Stock shall be designated “Series D Preferred Stock” and shall consist of eight million five hundred sixty-seven thousand one hundred sixteen (8,567,116) shares. The fifth Series of Preferred Stock shall be designated “Series E Preferred Stock” and shall consist of seven million sixty-nine thousand one hundred fifty-two (7,069,152) shares. The sixth Series of Preferred Stock shall be designated “Series F Preferred Stock” and shall consist of eleven million five hundred fifty-two thousand eight hundred five (11,552,805) shares.”
IN WITNESS WHEREOF, this Certificate of Amendment to the Amended and Restated Certificate of Incorporation, which amends certain provisions of the Corporation’s Amended and Restated Certificate of Incorporation, having been duly adopted in accordance with Section 242 of the Delaware General Corporation Law, has been duly executed by the Corporation’s President and Chief Executive Officer this 4th day of October, 2016.
| /s/ David Wadhwani |
| David Wadhwani, President and Chief Executive Officer |
CERTIFICATE OF AMENDMENT TO THE
AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
OF
APPDYNAMICS, INC.
David Wadhwani hereby certifies that:
1. He is the duly elected and acting President and Chief Executive Officer of AppDynamics, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”).
2. The name of the Corporation is AppDynamics, Inc. The Corporation’s original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on April 1, 2008 under the name Singularity Technologies, Inc.
3. Pursuant to Section 242 of the Delaware General Corporation Law, this Certificate of Amendment to the Amended and Restated Certificate of Incorporation amends a provision of the Corporation’s Amended and Restated Certificate of Incorporation.
4. The terms and provisions of this Certificate of Amendment to the Amended and Restated Certificate of Incorporation have been duly approved by written consent of the required number of shares of outstanding stock of the Corporation pursuant to Subsection 228 of the Delaware General Corporation Law.
5. Section 5(d)(iii) of Article V of the Amended and Restated Certificate of Incorporation is hereby amended and restated to read in its entirety as follows:
“The holders of Common Stock and Preferred Stock each voting as a separate class (and with respect to the Preferred Stock, on an as-converted to Common Stock basis), shall be entitled to elect four (4) members of the Corporation’s Board of Directors (the “Mutual Directors”) at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors.”
* * * * *
IN WITNESS WHEREOF, this Certificate of Amendment to the Amended and Restated Certificate of Incorporation, which amends a provision of the Corporation’s Amended and Restated Certificate of Incorporation, having been duly adopted in accordance with Section 242 of the Delaware General Corporation Law, has been duly executed by the Corporation’s President and Chief Executive Officer this 20th day of December, 2016.
| /s/ David Wadhwani |
| David Wadhwani, |
| President and Chief Executive Officer |