EXHIBIT 10.31
AMENDMENT NO. 2 TO THE
LIMITED PARTNERSHIP AGREEMENT
OF
RSA VENTURES I, L.P.
AMENDMENT dated the 28th day of November, 2001, between RSA Partners I,
L.P., as general partner, and RSA Investments Inc., as limited partner of RSA
Ventures I, L.P. (the "Partnership").
WHEREAS, the parties hereto desire to amend the Limited Partnership
Agreement of the Partnership, dated as of April 10, 2001 (as heretofore and
hereafter amended, the "Agreement"), as hereinafter provided.
NOW, THEREFORE, the parties hereto, in consideration of the premises and
the agreements herein contained and intending to be legally bound hereby, agree
as follows:
1. All references in the Agreement to "Advisory Company" are hereby
deleted therefrom.
2. Paragraph 3(m) of the Agreement is hereby deleted in its entirety.
3. The date "December 31, 2006" appearing in Paragraph 3(n) of the
Agreement is hereby changed to correspond to the date of this
Amendment.
4. The Subscription of the General Partner is hereby reduced from
$502,750 to $251,375 and the Subscription of RSA Investments Inc.
(as the sole limited partner of the Partnership) is hereby reduced
from $100,050,000 to $50,025,000, and Schedule A to the Agreement
is hereby amended accordingly.
5. The date "December 31, 2011" appearing in Paragraph 11(a) of the
Agreement is hereby changed to "December 31, 2008".
6. The phrase ", or request that the General Partner furnish,"
appearing in the fourth sentence of Paragraph 17(b) of the
Agreement is hereby deleted in its entirety.
7. The phrase "and shall be audited by a nationally recognized firm
of independent public accountants" appearing in the second
sentence of Paragraph 17(c) of the Agreement is hereby deleted in
its entirety.
8. The phrase "each of the first three quarters" appearing in
Paragraph 17(d) of the Agreement is hereby changed to "the second
quarter".
9. Paragraph 17(i) of the Agreement is hereby deleted in its
entirety.
10. From and after the date of this Amendment No. 2, no additional
Subscriptions shall be accepted from the Partners and no
additional Limited Partners shall be admitted to the Partnership.
This Amendment may be executed in any number of counterparts, each of
which shall be an original but all of which taken together shall constitute one
instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment on the
day and year first above written.
GENERAL PARTNER LIMITED PARTNER
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RSA Partners I, L.P. RSA Investments Inc.
By: RSA Ventures, Inc., its general partner
By: /s/ Xxxx X. Xxxxxxx By: Xxxxxxx X. Xxxxxxx, Xx.
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Title: Treasurer Title: President
