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Investor Rights Agreement

 

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Title:

Investor Rights Agreement

Entities:

Number Nine Visual Technology Corp.; Silicon Graphics, Inc.; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo; Testa, Hurwitz & Thibeault; Silicon Graphics, Inc.; Number Nine Visual Technology Corp.

Date:

1999

Size:

Preview shows 3KB of 54KB total

Price:

$42

ID:

#109210

 

 

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INVESTOR RIGHTS AGREEMENT

This Investor Rights Agreement (the "Agreement") is made and entered into
as of August 11, 1998 by and among Number Nine Visual Technology Corporation, a
Delaware corporation (the "Company"), and Silicon Graphics, Inc., a Delaware
corporation ("Investor").

RECITALS

WHEREAS, the Company and Investor entered into a Securities Purchase
Agreement dated as of May 7, 1998 (the "Purchase Agreement") pursuant to which
------------------
the Investor agreed to loan the Company an aggregate of Nine Million Dollars
($9,000,000) and the Company agreed to issue secured subordinated convertible
promissory notes (collectively the "Notes") which Notes are convertible into
shares of Series A Convertible Preferred Stock, $.0 1 par value per share (the
"Preferred Stock") and the Company issued to Investor a warrant exercisable for
---------------
such number of shares of Preferred Stock and pursuant to such terms and
conditions as set forth in the warrant (the "Warrant") (such shares issuable
--------
upon conversion of the Notes and exercise of the Warrant are collectively
referred to herein as the "Preferred Shares"); and
----------------

WHEREAS, as a condition precedent to the conversion of the Notes and
exercise of the Warrant on such conditions and terms as set forth in the Notes,
the Warrant and the Purchase Agreement, the parties are obligated to execute and
deliver this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the parties hereto agree as follows:

AGREEMENT

1. Definitions
-----------

For the purposes of this Agreement, the following terms have the meanings
indicated below:

1933 Act. The Securities Act of 1933, as amended, and the rules and
---- ---
regulations promulgated thereunder, as in effect from time to time.

1934 Act. The Securities Exchange Act of 1934, as amended, and the
---- ---
rules and regulations promulgated thereunder, as in effect from time to time.

Business Day. Each weekday that is not a day on which banking
------------
institutions in the Commonwealth of Massachusetts are authorized or obligated by
law or executive order to close.

Commission. The United States Securities and Exchange Commission.
----------

Common Stock. The Common Stock, $.01 par value per share, of the
------------

 

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