EX-10.8 6 c30775_ex10-8.txt Exhibit 10.8 POWERDSINE LTD. AMENDMENT NO. 1 TO AMENDED AND RESTATED RIGHTS AGREEMENT THIS AMENDMENT No. 1 (the "AMENDMENT") to the Amended and Restated Rights Agreement dated as of October 31, 2001 (the "AGREEMENT") by and among PowerDsine Ltd., a company organized under the laws of the State of Israel (the "COMPANY"); (i) each of Igal Rotem and Ilan Itias, (ii) ITI-Interline Telecom International Ltd. and Argoquest Holding LLC, and (iii) the holders of the Company's Series A Preferred Shares, (iv) the holders of the Company's Series B Preferred Shares, (v) the holders of the Company's Series C Preferred Shares (vi) the holders of the Company's Series D Preferred Shares (vii) the holders of the Company's Series E Preferred Shares (viii) the holders of the Company's Series F Preferred Shares (ix) the holders of the Company's Series G Preferred Shares and, (x) the holders of the Company's H Preferred Shares is made as of April 1, 2004. Capitalized terms that are not defined in this Amendment shall have the meanings ascribed to them in the Agreement or, if not defined in the Agreement, then as defined in the Company's Articles of Association in effect on the date hereof. 1. Section II of the Agreement is hereby amended by adding the following: "2.6 The Company's obligations under this Section II shall expire upon the closing of an IPO". 2. This Amendment may be executed in one or more counterparts each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
POWERDSINE LTD. ABS VENTURES VIII L.P. By: Zolo LLC, its General Partner -------------------------------------------------- --------------------------------------------------- /s/ R. William Burgess Jr. -------------------------------------------------- --------------------------------------------------- By: Igal Rotem By: R. William Burgess Jr. -------------------------------- -------------------------------- Title: C.E.O. Title: Managing Partner -------------------------------- -------------------------------- Date: Date: 4/14/04 -------------------------------- -------------------------------- /s/ Ilan Atias -------------------------------------------------- --------------------------------------------------- By: Ilan Atias By: -------------------------------- -------------------------------- Title: President Title: -------------------------------- -------------------------------- Date: 6/3/04 Date: -------------------------------- -------------------------------- DRW VENTURE PARTNERS L.P. By RBC Capital Investment Holdings (USA), Inc., its General Partner /s/ Mary Zimmer -------------------------------------------------- By: Mary Zimmer ----------------------------------- Title: Director of Finance and Administration, RBC Capital Markets Corporation ----------------------------------- Date: 4/5/04 ----------------------------------- IGAL ROTEM ILAN ATIAS /s/ Ilan Atias -------------------------------------------------- --------------------------------------------------- Date: Date: 6/3/04 -------------------------------- -------------------------------- HINDY TAUB MEIR KFIR /s/ Meir Kfir -------------------------------------------------- --------------------------------------------------- Date: Date: 4/8/04 -------------------------------- -------------------------------- LIOR BREGMAN DANIEL BARNEA /s/ Lior Bregman -------------------------------------------------- --------------------------------------------------- Date: 6/3/04 Date: -------------------------------- --------------------------------
2 SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
ITI-INTERLINE TELECOM INTERNATIONAL LTD. ACQUIREX BVBA /s/ Guido Michiels ------------------------------------------------ --------------------------------------------------- By: By: Guido Michiels -------------------------------- -------------------------------- Title: Title: Director -------------------------------- -------------------------------- Date: Date: 6/4/04 -------------------------------- -------------------------------- AMPAL INDUSTRIES INC. AMPAL INDUSTRIES (ISRAEL) LTD. /s/ Schlomo Shalev /s/ Schlomo Shalev ------------------------------------------------ --------------------------------------------------- By: Schlomo Shalev By: Schlomo Shalev -------------------------------- -------------------------------- Title: SVP Title: SVP -------------------------------- -------------------------------- Date: 6/3/04 Date: 6/3/04 -------------------------------- -------------------------------- ACHIDIM HOLDINGS LTD. SHOHAM INVESTMENTS LTD. ------------------------------------------------ --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- AVANTORIN INVESTMENTS LTD. SHIKMA ANEFA LTD. ------------------------------------------------ --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- VERTEX - YOZMA L.P. VERTEX - DISCOUNT L.P. ------------------------------------------------ --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- --------------------------------
3 SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
VERTEX INVESTMENTS (III) PTE. LTD. POALIM CAPITAL MARKETS TECHNOLOGIES LTD. ------------------------------------------------ --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- JERUSALEM VENTURE PARTNERS L.P. JERUSALEM VENTURE PARTNERS (ISRAEL) L.P. By: Jerusalem Partners, LP, it's General Partner By: J.V.P. Jerusalem Venture Partners (Israel) By: Jerusalem Venture Partners Corporation, Management Ltd., its General Partner its General Partner /s/ Erel Margalit /s/ Erel Margalit ------------------------------------------------- --------------------------------------------------- By: Erel Margalit By: Erel Margalit -------------------------------- -------------------------------- Title: Officer Title: Officer -------------------------------- -------------------------------- Date: 6/3/04 Date: 6/3/04 -------------------------------- -------------------------------- CATALYST INVESTMENTS, L.P. CLAL ELECTRONICS INDUSTRIES LTD. ------------------------------------------------- --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: THE CHALLENGE FUND - ETGAR II, L.P. COURSES INVESTMENTS IN TECHNOLOGY LTD. Atidim-Etgar Nihul Kranot Ltd., acting as General Partner of Challenge Partners II, LP, being the General Partner of The Challenge Fund-Etgar II, L.P. /s/ I. Ciechanover -------------------------------------------------- --------------------------------------------------- By: I. Ciechanover By: -------------------------------- -------------------------------- Title: President Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- CLAL VENTURE CAPTIAL L.P. GADISH KRANOT GMULIM LTD. /s/ Barak Soreni /s/ Dorit Ben-Simon -------------------------------------------------- --------------------------------------------------- By: By: Barak Soreni/Dorit Ben Simon -------------------------------- -------------------------------- Title: Title: Director of Research/ General Manager -------------------------------- -------------------------------- Date: Date: 6/2/04 -------------------------------- --------------------------------
4 SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
KINERET KEREN HISHTALMUT LTD. KEREN MERKAZIT LEPITZUYEI PITURIM LTD. /s/ Barak Soreni /s/ Dorit Ben-Simon /s/ Barak Soreni /s/ Dorit Ben-Simon ------------------------------------------------------- -------------------------------------------------------- By: Barak Soreni/Dorit Ben Simon By: Barak Soreni/Dorit Ben Simon --------------------------------------- -------------------------------------- Title: Director of Research/ Title: Director of Research/ General Manager General Manager --------------------------------------- -------------------------------------- Date: 6/2/04 Date: 6/2/04 --------------------------------------- -------------------------------------- TAGMULIM LTD. KEREN OR KUPAT TAGMULIM UPITZUIM LTD. /s/ Barak Soreni /s/ Dorit Ben-Simon /s/ Barak Soreni /s/ Dorit Ben-Simon -------------------------------------------------- ---- ------------------------------------------------ ------- By: Barak Soreni/Dorit Ben Simon By: Barak Soreni/Dorit Ben Simon ------------------------------------- -------------------------------------- Title: Director of Research/ Title: Director of Research/ General Manager General Manager ------------------------------------- -------------------------------------- Date: 6/2/04 Date: 6/2/04 ------------------------------------- -------------------------------------- KATZIR KUPAT TAGMULIM UPITZUIM LTD. AMIR KEREN GMULIM LTD. /s/ Barak Soreni /s/ Dorit Ben-Simon /s/ Barak Soreni /s/ Dorit Ben-Simon -------------------------------------------------- ---- ------------------------------------------------ ------- By: Barak Soreni/Dorit Ben Simon By: Barak Soreni/Dorit Ben Simon ------------------------------------- -------------------------------------- Title: Director of Research/ Title: Director of Research/ General Manager General Manager ------------------------------------- -------------------------------------- Date: 6/2/04 Date: 6/2/04 ------------------------------------- -------------------------------------- YETER KRANOT GMULIM LTD. BAR KEREN GMULIM LTD. /s/ Barak Soreni /s/ Dorit Ben-Simon /s/ Barak Soreni /s/ Dorit Ben-Simon -------------------------------------------------- ---- ------------------------------------------------ ------- By: Barak Soreni/Dorit Ben Simon By: Barak Soreni/Dorit Ben Simon ------------------------------------- -------------------------------------- Title: Director of Research/ Title: Director of Research/ General Manager General Manager ------------------------------------- -------------------------------------- Date: 6/2/04 Date: 6/2/04 ------------------------------------- -------------------------------------- PELES KEREN GMULIM LE'ATZMAIM LTD. ARGOQUEST HOLDINGS LLC /s/ Barak Soreni /s/ Dorit Ben-Simon /s/ Jason Barziazay ------------------------------------------------------- -------------------------------------------------------- By: Barak Soreni/Dorit Ben Simon By: Jason Barziazay ------------------------------------- -------------------------------------- Title: Director of Research/ Title: CEO and Managing Partner General Manager ------------------------------------- -------------------------------------- Date: 6/2/04 Date: 4/4/04 ------------------------------------- --------------------------------------
5 SIGNATURE PAGE OF AMENDMENT NO. 1 TO THE AMENDED RIGHTS AGREEMENT
VERTEX ISRAEL II (A) FUND L.P. VERTEX ISRAEL II (B) FUND L.P. ------------------------------------------------ --------------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- VERTEX ISRAEL II (C.I.) FUND, L.P VERTEX ISRAEL II (C.I.) EXECUTIVE FUND, L.P. -------------------------------------------- -------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- VERTEX ISRAEL II DISCOUNT FUND VERTEX IIF 2 L.P. -------------------------------------------- -------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- VERTEX IIF L.P. HAPOALIM TECHNOLOGY FUND L.P. -------------------------------------------- -------------------------------------------- By: By: -------------------------------- -------------------------------- Title: Title: -------------------------------- -------------------------------- Date: Date: -------------------------------- -------------------------------- POALIM (S.H.) HIGH-TECH LTD. ------------------------------------------------ By: -------------------------------- Title: -------------------------------- Date: --------------------------------
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