EXHIBIT 4.1
INTERPLAY ENTERTAINMENT CORP.
COMMON STOCK SUBSCRIPTION AGREEMENT
To Each of the Investors
Who Are Signatories Hereto
March 29, 2001
Ladies and Gentlemen:
Interplay Entertainment Corp., a Delaware corporation (the "Company")
hereby agrees with each of you as follows:
1. AUTHORIZATION OF SALE OF THE SECURITIES.
The Company has authorized the sale and issuance of up to 12,800,000 shares
of its common stock, par value $.001 per share (the "Common Stock"), as
described in the Private Placement Memorandum dated February 2001 (the
"Memorandum"). The shares of Common Stock sold hereunder shall be referred to
herein as the "Shares."
2. AGREEMENT TO SELL AND PURCHASE THE SHARES.
2.1 Sale of Shares. Subject to the terms of this Common Stock
Subscription Agreement (this "Subscription Agreement"), at the Closing (as
defined in Section 3.1 hereof), the Company agrees to sell to each purchaser of
Shares who has executed a counterpart execution page to this Subscription
Agreement (each an "Investor"), and each Investor agrees to purchase from the
Company, the aggregate number of Shares set forth above such Investor's
signature on the counterpart execution page hereof, at a purchase price of
$1.5625 per Share.
2.2 Separate Agreement. Each Investor shall severally, and not jointly, be
liable for only the purchase of the Shares that appears above such Investor's
signature and that relates to such Investor. The Company's agreement with each
of the Investors is a separate agreement, and the sale of Shares to each of the
Investors is a separate sale. The obligations of each Investor hereunder are
expressly not conditioned on the purchase by any or all of the other Investors
of the Shares such other Investors have agreed to purchase.
2.3 Acceptance of Proposed Purchase of Shares. Each Investor understands
and agrees that the Company, in its sole discretion, reserves the right to
accept or reject, in whole or in part, any proposed purchase of Shares. The
Company shall have no obligation hereunder with respect to any Investor until
the Company shall execute and deliver to such Investor an executed copy of this
Subscription Agreement. If this Subscription Agreement is not executed and
delivered by the Company or the offering is terminated, this Subscription
Agreement shall be of no further force and effect.
2.4 Warrant. At the Closing, the Company shall issue to each Investor a
warrant, in substantially the form of Appendix I hereto (the "Warrant"), to
purchase a number of shares of
Common Stock equal to fifty percent (50%) of the number of Shares purchased
by such Investor hereunder, at an exercise price of $1.75 per share, exercisable
for a period of five (5) years following the Closing (each, a "Warrant" and
collectively, "Warrants"). In the event that the closing price per share of the
Common Stock does not equal or exceed $2.75 per share on at least twenty (20)
consecutive trading days during the ninety (90) day period following the Closing
Date, the Warrant shall become exercisable for a number of shares of Common
Stock equal to the number of Shares purchased hereunder. Investor agrees that,
in the event the closing price per share of the Common Stock as reported on
Nasdaq exceeds Three Dollars ($3.00) per share for any twenty (20) consecutive
trading day period following the date hereof, each Investor shall, upon written
notice from the Company, exercise its Warrant for such number of shares of
Common Stock subject thereto as the Company may specify in such notice, provided
that, as of the date of such notice, the shares of Common Stock issuable upon
exercise of the Warrants have been registered for resale pursuant to an
effective registration statement under the Securities Act. The payment of the
exercise price for such shares, and delivery of stock certificates therefor,
shall occur on a date mutually acceptable to the Company and the Investor within
thirty (30) days following the date of the Company's notice.
3. CLOSING AND DELIVERY.
3.1 Closing. The closing of the purchase and sale of the Shares pursuant to
this Subscription Agreement (the "Closing") shall be held as soon as practicable
after the satisfaction or waiver of all other conditions to Closing set forth in
Sections 6 and 7 hereof, at 10:00 a.m. (Pacific Time) at the offices of
Xxxxxxxxx Xxxxx Xxxxxxx & Xxxxx, located at 000 Xxxxxxx Xxxxxx Xxxxx, Xxxxx
0000, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000, or on such other date and place as may be
agreed to by the Company and the Investors. Prior to the Closing, each Investor
shall execute any related agreements or other documents required to be executed
hereunder.
3.2 Delivery of the Shares at the Closing. At the Closing, the Company
shall deliver to each Investor (a) stock certificates representing the Shares to
be purchased by such Investor at the Closing as set forth in the Schedule of
Investors and (b) a Warrant as provided in Section 2.4 above, registered in the
name of such Investor, or in such nominee name(s) as designated by such
Investor, against payment of the purchase price therefor. The name(s) in which
the stock certificates and Warrant are to be issued to each Investor are set
forth in the Investor's counterpart execution page hereto, as completed by each
Investor.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY.
Except as disclosed on the Schedule of Exceptions attached hereto as
Schedule A, the Company hereby represents and warrants as of the date hereof to,
and covenants with, the Investors as follows:
4.1 Organization and Standing. The Company and each of its subsidiaries is
duly incorporated and validly existing as a corporation in good standing under
the laws of the jurisdiction of its incorporation with full corporate power and
corporate authority to own, lease and operate its properties and conduct its
current business as described in the Memorandum; the Company is duly qualified
to do business as a foreign corporation and in good standing in each
jurisdiction in which the ownership or leasing of its properties or the conduct
of its business requires such qualification, except where the failure to be so
qualified or be in good standing is not reasonably likely to have a material
adverse effect on the condition (financial or otherwise), operations, business
or business prospects of the Company (hereinafter, a "Material Adverse Effect");
no proceeding has been
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instituted in any such jurisdiction revoking, limiting or curtailing, or seeking
to revoke, limit or curtail, such power and authority or qualification; except
as described in the Memorandum, the Company is in possession of and operating in
compliance with all authorizations, licenses, certificates, consents, orders and
permits from federal, state and other regulatory authorities except where the
failure to possess or be in compliance with any of the foregoing is not
reasonably likely to have a Material Adverse Effect, all of which are valid and
in full force and effect. The Company does not own or control, directly or
indirectly, any corporation, association or other entity.
4.2 Corporate Power; Authorization. The Company has full legal right, power
and authority to enter into this Subscription Agreement and to perform the
transactions contemplated hereby and thereby. This Subscription Agreement has
been duly authorized, executed and delivered by the Company and, assuming due
authorization, execution and delivery by each of the other parties hereto and
thereto, are valid and binding agreements on the part of the Company,
enforceable in accordance with their terms, except as may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws relating to or affecting creditors' rights generally or by general
equitable principles. The making, execution and performance of this Subscription
Agreement by the Company and the consummation of the transactions herein and
therein contemplated will not conflict with or result in a breach or violation
of any of the terms and provisions of, or constitute a default under, (i) any
bond, debenture, note or other evidence of indebtedness, or under any lease,
contract, indenture, mortgage, deed of trust, loan agreement, joint venture or
other agreement or instrument to which the Company is a party or by which its
properties may be bound, (ii) the Certificate of Incorporation or bylaws of the
Company or (iii) any law, order, rule, regulation, writ, injunction, judgment or
decree of any court, administrative agency, regulatory body, government or
governmental agency or body, domestic or foreign, having jurisdiction over the
Company or its properties, except (in any such case) for any conflict, breach,
violation or default which is not reasonably likely to have a Material Adverse
Effect.
4.3 Memorandum; Financial Statements. The Company has not distributed any
offering material in connection with the offering of the Shares other than the
Memorandum. The Company has filed in a timely manner all documents that the
Company was required to file with the Securities and Exchange Commission ("SEC")
under Sections 13, 14(a) and 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), during the twelve (12) months preceding the date
of this Subscription Agreement (collectively, the "SEC Filings"). As of their
respective filing dates (or, if amended, when amended), the documents filed by
the Company with the SEC referenced in the Memorandum complied with the
requirements of the Exchange Act. The Company satisfies the registrant
requirements for the use of Form S-3 under the Securities Act of 1933, as
amended (the "Securities Act") in connection with secondary offerings of its
common stock by its stockholders. The Memorandum did not contain any untrue
statement of a material fact or omit to state material facts required to be
stated therein or necessary to make the statements made therein, in light of the
circumstances under which they were made, not misleading. The consolidated
financial statements of the Company included in the documents filed by the
Company with the SEC and referenced in the Memorandum (the "Financial
Statements") comply in all respects with applicable accounting requirements and
with the published rules and regulations of the SEC with respect thereto. The
Financial Statements have been prepared in accordance with generally accepted
accounting principles consistently applied ("GAAP") and fairly present the
financial position of the Company at the dates thereof and the results of its
operations and cash flows for the periods then ended (subject, in the case of
unaudited statements, to normal, recurring adjustments and the absence of
complete footnotes). Except as and to the extent reflected in the Financial
Statements, the Company did not have, as of the date of the Financial
Statements, any liabilities or obligations (other
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than obligations of continued performance under contracts and other commitments
and arrangements entered into in the ordinary course of business) which GAAP
would require the Company to reflect in the Financial Statements. Except as
otherwise disclosed in the Memorandum, there have not been any changes in the
assets, liabilities, financial condition or operations of the Company from that
reflected in the Financial Statements, except changes in the ordinary course of
business that have not had a Material Adverse Effect.
4.4 Properties. Except as set forth in the Memorandum, and except as would
not have a Material Adverse Effect, (i) the Company has good title to all
properties and assets described in the Memorandum as owned by it, free and clear
of any pledge, lien, security interest, encumbrance, claim or equitable
interest, (ii) the agreements to which the Company is a party described in the
Memorandum are valid agreements, enforceable by the Company, except as the
enforcement thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws relating to or affecting
creditors' rights generally or by general equitable principles and, to the
Company's knowledge, the other contracting party or parties thereto are not in
material breach or material default under any of such agreements, and (iii) the
Company has valid and enforceable leases for all properties described in the
Memorandum as leased by it, except as the enforcement thereof may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws relating to or affecting creditors' rights generally or by general
equitable principles. Except as set forth in the Memorandum, the Company owns or
leases all such properties as are necessary to the Company's operations as now
conducted.
4.5 Capitalization. All outstanding shares of capital stock of the Company
have been duly authorized and validly issued and are fully paid and
nonassessable, have been issued in compliance with all applicable federal and
state securities laws, and were not issued in violation of or subject to any
preemptive rights or other rights to subscribe for or purchase securities. The
Company has an authorized, issued and outstanding capitalization as set forth in
the Memorandum under the caption "Capitalization". The capital stock of the
Company conforms to the description thereof contained in the Memorandum. The
Shares, and the shares of Common Stock issuable upon the exercise of the
Warrants (the "Warrant Shares") have been duly authorized for issuance and sale
to the Investors pursuant to this Subscription Agreement, and, when issued and
delivered by the Company against payment therefor in accordance with the terms
of this Subscription Agreement or the Warrants, as applicable, will be duly and
validly issued and fully paid and nonassessable, and will be sold free and clear
of any pledge, lien, security interest, encumbrance, claim or equitable
interest. The Company has duly and validly reserved the Warrant Shares for
issuance upon the exercise of the Warrants. Except as disclosed in the
Memorandum, no preemptive right, co-sale right, registration right, right of
first refusal or other similar right of shareholders exists with respect to any
of the Shares or the Warrant Shares or the issuance and sale thereof other than
those that have been satisfied or expressly waived prior to the date hereof. No
further approval or authorization of any shareholder or the Board of Directors
of the Company is required for the issuance and sale or transfer of the Shares,
the Warrants or the Warrant Shares. Except as disclosed in the Memorandum, the
SEC Filings and the Financial Statements, and the related notes thereto, and
subject to the applicable anti-dilution provisions of securities described in
the Memorandum and/or the SEC Filings, the Company has no outstanding options to
purchase, or any preemptive rights or other rights to subscribe for or to
purchase, any securities or obligations convertible into, or any contracts or
commitments to issue or sell, shares of its capital stock or any such options,
rights, convertible securities or obligations.
4.6 Litigation. There is not pending or, to the Company's knowledge,
threatened, any action, suit, claim or proceeding against the Company or any of
its respective officers, properties,
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assets or rights before any court, administrative agency, regulatory body,
government or governmental agency or body, domestic or foreign, having
jurisdiction over the Company or any of its respective officers, properties, or
otherwise which (i) is reasonably likely, individually or in the aggregate, to
have a Material Adverse Effect or is reasonably likely to materially and
adversely affect the Company's properties, assets or rights or (ii) is
reasonably likely to prevent consummation of the transactions contemplated
hereby and is not so disclosed in the Memorandum or the SEC Filings. Neither the
Company nor any of its subsidiaries is a party or subject to the provisions of
any injunction, judgment, decree or order of any court, regulatory body,
administrative agency, government or governmental agency or body domestic or
foreign, that could reasonably be expected to have a Material Adverse Effect.
The Company and each of its subsidiaries has conducted and is conducting its
business in compliance with all applicable federal, state, local and foreign
statutes, laws, rules, regulations, ordinances, codes, decisions, decrees,
directives and orders, except where the failure to do so would not reasonably be
likely, singly or in the aggregate, to have a Material Adverse Effect.
4.7 Listed Shares. The Common Stock is registered pursuant to Section 12(g)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are
approved for quotation on The Nasdaq National Market (the "NNM"). The Company
has taken no action designed to, or likely to have the effect of, terminating
the registration of the Common Stock under the Exchange Act or delisting the
Common Stock from the NNM.
4.8 Intellectual Property. The Company owns or possesses rights to use all
patents, patent rights, inventions, trademarks, service marks, trade names and
copyrights and possesses all of the trade secrets and know-how which are
material and necessary to conduct its business as now conducted and as described
in the Memorandum. Except as disclosed in the Memorandum, the Company has not
received any written notice of, nor has it any actual knowledge of, any
infringement of or conflict with asserted rights of the Company by others with
respect to any patent, patent rights, inventions, trade secrets, know-how,
trademarks, service marks, trade names or copyrights that are reasonably likely
to have a Material Adverse Effect that would prevent the Company from carrying
out its business substantially as described in the Memorandum. Except as
disclosed in the Memorandum, the Company has not received any written notice of,
nor has it any knowledge of, any infringement of or conflict with asserted
rights of others with respect to any patent, patent rights, inventions, trade
secrets, know-how, trademarks, service marks, trade names or copyrights which,
singly or in the aggregate, if the subject of an unfavorable decision, ruling or
finding, is reasonably likely to have a Material Adverse Effect that would
prevent the Company from carrying out its business substantially as described in
the Memorandum.
4.9 No Change. Subsequent to the respective dates as of which information
is given in the Memorandum, there has not been (i) any material adverse change
in the condition (financial or otherwise), earnings, operations, business or
business prospects of the Company (not including reductions in the cash position
of the Company in the ordinary course consistent with past practices since the
date of the Memorandum), (ii) any transaction that is material to the Company,
(iii) any obligation, direct or contingent, incurred by the Company, except
obligations incurred in the ordinary course of business, (iv) any change in the
capital stock or outstanding indebtedness of the Company, except the incurrence
of trade debt and obligations incurred in the ordinary course consistent with
past practices, (v) any dividend or distribution of any kind declared, paid or
made on the capital stock of the Company, (vi) any default in the payment of
principal of or interest on any outstanding debt obligations, or (vii) any loss
or damage (whether or not insured) to the property of the Company which has been
sustained or will have been sustained which has a Material Adverse Effect.
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4.10 No Defaults. The Company is not (a) in violation of its Certificate of
Incorporation or bylaws or (b) in default (upon notice or lapse of time or both)
in the performance or observance of any obligation, agreement, covenant or
condition contained in any bond, debenture, note or other evidence of
indebtedness, or in any lease, contract, indenture, mortgage, deed of trust,
loan agreement, joint venture or other agreement or instrument to which it is a
party or by which its properties may be bound, or (c) in violation of any law,
order, rule, regulation, writ, injunction, judgment or decree of any court,
government or governmental agency or body, domestic or foreign, having
jurisdiction over the Company or its properties except in the case of (b) or (c)
for any default or violation not reasonably likely to have a Material Adverse
Effect.
4.11 Governmental Consents. No consent, approval, order or authorization
of, or registration, qualification, designation, declaration or filing with, any
federal, state or local governmental authority on the part of the Company is
required in connection with the consummation of the transactions contemplated by
this Subscription Agreement ("Consents") except for (a) such Consents which are
not material, (b) compliance with the securities and Blue Sky laws in the states
and other jurisdictions in which Shares are offered and/or sold, which
compliance will be effected in accordance with such laws and (c) Consents and/or
filings required by the NNM and the SEC. The Company has not been advised, and
has no reason to believe, that either it or any of its subsidiaries is not
conducting business in compliance in all material respects with all applicable
laws, rules and regulations of the jurisdictions in which it is conducting
business, including but not limited to, all applicable federal, state and local
environmental laws and regulations, except for any failure to comply which is
not reasonably likely to have a Material Adverse Effect.
4.12 Labor; Employees.
(a) No labor disturbance by the employees of the Company exists or,
to the Company's knowledge, is imminent. The Company is not aware of any
existing or imminent labor disturbance by the employees of any of its principal
suppliers, subcontractors, authorized dealers or international distributors that
is reasonably likely to result in a Material Adverse Effect. No collective
bargaining agreement exists with any of the Company's employees and, to the
Company's knowledge, no such agreement is imminent.
(b) If any employee of the Company has entered into any non-
competition, non-disclosure, confidentiality or other similar agreement with any
party other than the Company of which the Company is aware, to the Company's
knowledge, such employee is neither in violation thereof nor is expected to be
in violation thereof as a result of the business conducted or expected to be
conducted by the Company as described in the Memorandum or such person's
performance of his obligations to the Company. To the Company's knowledge, no
consultant or scientific advisor of the Company is in violation of any
noncompetition, non-disclosure, confidentiality or similar agreement between
such consultant or scientific advisor and any party other than the Company. To
the Company's knowledge, every consultant and scientific advisor (collectively,
"Consultants") engaged by or on behalf of the Company to render services for the
Company has entered into an agreement with the Company providing for terms and
conditions of non-disclosure, non-competition and confidentiality in connection
with such services ("Consulting Agreements"). Assuming due authorization,
execution and delivery of the Consulting Agreements, the Consulting Agreements
are legal, valid, binding and enforceable instruments of the Consultants.
4.13 Taxes. The Company has timely filed all necessary federal, state and
foreign income and franchise tax returns and have paid all taxes shown thereon
as due, and there is no tax deficiency
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that has been or, to the Company's knowledge, that might be asserted against the
Company that is reasonably likely to have a Material Adverse Effect. All tax
liabilities are adequately provided for on the books of the Company.
4.14 Insurance. The Company maintains insurance with insurers of recognized
financial responsibility of the types and in the amounts generally deemed
prudent for its business and consistent with insurance coverage maintained by
similar companies in similar businesses, including, but not limited to,
insurance covering real and personal property owned or leased by the Company or
its subsidiaries against theft, damage, destruction, acts of vandalism, products
liability, errors and omissions, and all other risks customarily insured
against, all of which insurance is in full force and effect. The Company has not
been refused any insurance coverage sought or applied for; and the Company does
not have any reason to believe that it will not be able to renew its existing
insurance coverage as and when such coverage expires or to obtain similar
coverage from similar insurers as may be necessary to continue its business at a
cost that would not have a Material Adverse Effect.
4.15 Investment Company Act. The Company has been advised concerning the
Investment Company Act of 1940, as amended (the "1940 Act"), and the rules and
regulations thereunder, and is not, and intends in the future to conduct its and
its subsidiaries' affairs in such a manner as to ensure that it is not and will
not become, an "investment company" or a company "controlled" by an "investment
company" within the meaning of the 1940 Act and such rules and regulations.
4.16 No Illegal Contributions. The Company has not at any time during the
last five (5) years (i) made any unlawful contribution to any candidate for
foreign office or failed to disclose fully any contribution in violation of law,
or (ii) made any payment to any federal or state governmental officer or
official, or other person charged with similar public or quasi-public duties,
other than payments required or permitted by the laws of the United States or
any jurisdiction thereof.
4.17 No Manipulation. The Company has not taken and the Company will not
take, directly or indirectly, any action designed to or that might reasonably be
expected to cause or result in stabilization or manipulation of the price of the
Common Stock to facilitate the sale or resale of the Shares.
4.18 Transactions with Affiliates. There are no outstanding loans, advances
(except normal advances for business expenses in the ordinary course of
business) or guarantees of indebtedness by the Company to or for the benefit of
any of the officers or directors of the Company or any of its subsidiaries or
any shareholder who owns beneficially more than five percent (5%) of the Common
Stock of the Company or any of the members of the families of any of them,
except as disclosed in the Memorandum.
4.19 Environmental Matters. (i) The Company is in compliance with all
rules, laws and regulations relating to the use, treatment, storage and disposal
of toxic substances and protection of health or the environment ("Environmental
Laws") which are applicable to its business, except where the failure to comply
would not reasonably be likely to have a Material Adverse Effect, (ii) the
Company has not received any written notice from any governmental authority or
third party of an asserted claim under Environmental Laws, which claim would be
required to be disclosed in its filings with SEC under the Exchange Act, (iii)
to the Company's knowledge, the Company will not be required to make future
material capital expenditures to comply with Environmental Laws and (iv) no
property which is, or has been, owned, leased or occupied by the Company has, to
the
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Company's knowledge, been designated as a Superfund site pursuant to the
Comprehensive Response, Compensation, and Liability Act of 1980, as amended, or
otherwise designated as a contaminated site under applicable state or local law.
4.20 Future Sales of Common Stock. The Company agrees that, during the
sixty (60) day period immediately following the Closing, it will not sell
additional shares of its Common Stock in financing transactions for
consideration per share less than the purchase price set forth in Section 2.1
above, without the consent of Investors purchasing a majority of the Shares sold
hereunder.
4.21 Credit Facility Approval. The Company has received a letter from
counsel to LaSalle Business Credit, Inc. indicating that LaSalle has approved
the credit facility described on Schedule 4.21 to this Agreement. In the event
the Company sells at least $8,000,000 of Common Stock hereunder, such funds,
together with other funds available to the Company, shall be sufficient to
satisfy the funding condition imposed by LaSalle.
5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTORS.
5.1 Investment Representations. Each Investor, severally and not jointly,
represents and warrants to and covenants with the Company that:
(a) Investor is knowledgeable, sophisticated and experienced in
making, and is qualified to make, decisions with respect to investments in
shares presenting an investment decision like that involved in the purchase of
the Shares and the Warrant, including investments in securities issued by the
Company, and has requested, received, reviewed and considered all information
Investor deems relevant (including the Memorandum and the documents filed by the
Company with the SEC) in making an informed decision to purchase the Shares and
the Warrant.
(b) Investor is purchasing the Shares and the Warrant in the ordinary
course of its business for its own account for investment only and with no
present intention of distributing the Shares or the Warrant or any arrangement
or understanding with any other persons regarding the distribution of the Shares
or the Warrant.
(c) Investor shall not, directly or indirectly, offer, sell, pledge,
transfer or otherwise dispose of (or solicit any offers to buy, purchase or
otherwise acquire or take a pledge of) any of the securities purchased hereunder
except in compliance with the Securities Act, applicable Blue Sky laws, and the
rules and regulations promulgated thereunder.
(d) Investor has completed or caused to be completed the information
requested on the Investor's counterpart execution page and the Investors
Questionnaire, and the answers thereto are true and correct as of the date
hereof and will be true and correct as of the effective date of the Registration
Statement (provided that Investor shall be entitled to update such information
by providing notice thereof to the Company prior to the effective date of such
Registration Statement).
(e) Investor has, in connection with its decision to purchase the
Shares and the Warrant, relied with respect to the Company and its affairs
solely upon the Memorandum and the representations and warranties of the Company
contained herein.
(f) Investor is an "accredited investor" within the meaning of Rule
501 of Regulation D promulgated under the Securities Act.
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(g) Investor has full right, power, authority and capacity to enter
into this Subscription Agreement and to perform the transactions contemplated
hereby and thereby. This Subscription Agreement has been duly authorized,
executed and delivered by the Investor. Assuming due authorization, execution
and delivery by each of the other parties hereto and thereto, this Subscription
Agreement is a valid and binding obligation of Investor, enforceable in
accordance with their terms.
(h) Investor has read and understands the matters under the heading
"Risk Factors" in the Memorandum, and understands that an investment in the
Shares and Warrant is speculative and involves a high degree of risk of loss of
all or part of Investor's investment therein. Investor understands that various
statements contained in the Memorandum are "forward looking statements" that
involve risk and uncertainty, and has read and understands the cautionary
language with respect thereto set forth on pages v and 11 through 26 of the
Memorandum.
(i) Investor understands that the foregoing representations and
warranties are to be relied upon by the Company as a basis for exemption of the
sale of the Shares and the Warrant from the applicable registration or
qualification requirements under the Securities Act, under the securities laws
of all applicable states and for other purposes. In the event any of such
representations and warranties become inaccurate or untrue prior to the Closing,
the Investor will promptly notify the Company.
5.2 Ability to Bear Risk. Investor is able to bear the economic risk of
holding the Shares and the Warrant for an indefinite period, including the loss
of Investor's entire investment. The Shares and the Warrant were not offered or
sold to Investor by any form of general solicitation or advertising.
5.3 Independent Advice. Investor understands that nothing in the
Memorandum, this Subscription Agreement or any other materials presented to
Investor in connection with the purchase and sale of the Shares and the Warrant
constitutes legal, tax or investment advice and that no independent legal
counsel retained by the Company has reviewed these documents and materials on
Investor's behalf. Investor has consulted such legal, tax and investment
advisors as it, in its sole discretion, has deemed necessary or appropriate in
connection with its purchase of the Shares and the Warrant.
5.4 No Transferability. Investor understands that: (a) neither the Shares
nor the Warrant shall be transferable in the absence of registration under the
Securities Act or an exemption therefrom or in the absence of compliance with
any term of this Subscription Agreement; (b) the Company shall provide stop
transfer instructions to its transfer agent with respect to the Shares and the
Warrant in order to enforce the restrictions contained in this Section 5.4; and
(c) each certificate representing Shares shall be in the name of Investor and
shall bear substantially the following legends (in addition to any legends
required under applicable securities laws):
"THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY JURISDICTION, AND
MAY ONLY BE SOLD, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF BY AN
INVESTOR IF SUBSEQUENTLY REGISTERED UNDER THE SECURITIES ACT AND REGISTERED
OR QUALIFIED UNDER ANY APPLICABLE STATE
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SECURITIES LAWS, UNLESS EXEMPTIONS FROM SUCH REGISTRATION AND
QUALIFICATION REQUIREMENTS ARE AVAILABLE."
The legend contained in this Section 5.4 may be removed from a stock
certificate immediately upon receipt by the Company's transfer agent of a
certificate substantially in the form of Appendix II attached hereto and such
other documentation as the Company's transfer agent may routinely require,
including, but not limited to, an opinion of counsel. Notwithstanding the
foregoing, such Shares must be held in certificated form until such Shares have
been sold in accordance with the provisions of Appendix II attached hereto.
6. CONDITIONS TO COMPANY'S OBLIGATIONS AT THE CLOSING.
The Company's obligations to complete the sale and issuance of the Shares
and the Warrant and to deliver the Shares and the Warrant to each Investor,
individually, as set forth in the Schedule of Investors shall be subject to the
following conditions (to the extent not waived by the Company):
6.1 Representations and Warranties Correct. The representations and
warranties made by such Investor in Section 5 hereof shall be true and correct
when made, and shall be true and correct on the Closing.
6.2 Delivery of Purchase Price. The purchase price for the Shares and the
Warrant being purchased shall have been delivered by all of the Investors.
6.3 Nasdaq Rules. The Company shall not have been notified by Nasdaq that
the issuance of the Shares would constitute a violation of Nasdaq rules.
6.4 Consents. The Company shall have received all consents, waivers and
other approvals required to consummate the transactions contemplated by this
Agreement.
7. CONDITIONS TO INVESTORS' OBLIGATIONS AT THE CLOSING.
Each Investor's obligation to accept delivery of the Shares and to pay for
the Shares shall be subject to the following conditions (to the extent not
waived by such Investor):
7.1 Representations and Warranties Correct. The representations and
warranties made by the Company in Section 4 shall be true and correct in all
material respects when made and as of the Closing and each Investor shall have
received a certificate signed by the chief executive officer and chief financial
officer of the Company, or such other officers of the Company as agreed upon by
the parties hereto, that each of such representations and warranties, as
appropriate, is true and correct in all material respects on and as of the
Closing with the same effect as though such representations and warranties had
been made or given on and as of the Closing (except for any representations and
warranties given as of a specified date), and that such party has performed and
complied in all material respects with all of its obligations under this
Subscription Agreement which are to be performed or complied with on or prior to
the Closing.
7.2 Minimum funding amount. The Company shall have received subscriptions
for a number of Shares having an aggregate purchase price of at least
$8,000,000.
10
8. REGISTRATION RIGHTS.
8.1 Registration Rights. The Company will use its best efforts file a
Registration Statement with the SEC for the resale of the Registrable Shares (as
defined below) on or before April 16, 2001 (the "Filing Milestone"), and the
Company will further use its best efforts to assure that such Registration
Statement is effective within forty-five (45) days after the date the
Registration Statement is initially filed (the "Effectiveness Milestone"). If
the Company fails to file the Registration Statement by the Filing Milestone
date, it shall reimburse each Investor two percent (2%) of such Investor's
payment hereunder for every 30-day period following the Filing Milestone date
that expires without the Company having filed the Registration Statement.
Similarly, if the Registration Statement is not effective at the Effectiveness
Milestone date, it shall reimburse each Investor two (2%) percent of such
Investor's payment hereunder for every 30-day period following the Effectiveness
Milestone date that expires without the Registration Statement being declared
effective. These reimbursement obligations shall be cumulative and mutually
exclusive of one another, and all payments due pursuant to such reimbursement
obligation shall be payable on demand in cash provided that such reimbursement
shall no longer accrue following the date on which all the Shares issued
hereunder may be traded without restriction pursuant to paragraph (k) of Rule
144 promulgated under the Securities Act ("Rule 144(k)"). All rights, powers
and remedies of the Investors with respect to these matters may be exercised
separately or in combination. No single or partial exercise by an Investor of
any of the rights, powers and remedies under this Agreement shall preclude any
other or future exercise of any other right, power or remedy pursuant to this
Agreement or at law, in equity or otherwise. No delay or omission by an
Investor in exercising any right, power or remedy hereunder or otherwise shall
operate as a waiver thereof of any other right, power or remedy. For the
purposes of this Subscription Agreement: (A) "Registrable Shares" means the
Shares issued and acquired pursuant to this Subscription Agreement, any shares
issued pursuant to the reimbursement obligation set forth herein, the Warrant
Shares, and the shares issuable upon the conversion of the Placement Agent's
warrant (and including any shares issued in connection with any split or
dividend in respect of any such shares); provided, however, that any such Share
will cease to be a Registrable Share when (1) a Registration Statement covering
a Registrable Share has been declared effective by the SEC and such Share has
been disposed of by the Investors pursuant to such effective Registration
Statement, (2) the Registrable Share is transferred to another person, (3) such
share (after initial issuance) is held by the Company or otherwise ceases to be
outstanding, or (4) such share may be traded without restriction pursuant to
Rule 144(k), if applicable; and (B) "Registration Statement" means any
registration statement or comparable document under the Securities Act through
which a public sale or disposition of the Registrable Shares may be registered,
including the prospectus, amendments and supplements to such registration
statement, all exhibits, and all material incorporated by reference or deemed to
be incorporated by reference in such registration statement.
8.2 Suspension Of Effectiveness. The Company's obligations under Section
8.1 above shall not restrict its ability to suspend the effectiveness of, or
direct the Investors not to offer or sell securities under, any Registration
Statement, at any time, for such reasonable period of time which the Company
reasonably believes is necessary to prevent the premature disclosure of any
events or information having a material effect on the Company; provided,
--------
however, that the Company may not exercise such right for more than sixty (60)
-------
days in any twelve-month period. In addition, the Company shall not be required
to keep any Registration Statement effective, or may, without suspending such
effectiveness, instruct the Investors not to sell such securities, during any
period during which the Company is instructed, directed, ordered or otherwise
requested by any governmental agency or self-regulatory organization to stop or
suspend such trading or sales.
11
8.3 Registration Procedures. Except as otherwise expressly provided herein,
in connection with any registration of Registrable Shares pursuant to this
Subscription Agreement, the Company shall, as expeditiously as possible:
(a) in accordance with the terms of Section 8.1, prepare and file
with the SEC a Registration Statement with respect to such Registrable Shares
and use its best efforts to cause such Registration Statement to become
effective as soon as practicable, and thereafter keep such Registration
Statement effective for a period of two (2) years or, if earlier, until the
distribution contemplated in the Registration Statement has been completed; and
before filing a Registration Statement or prospectus or any amendments or
supplements thereto, furnish to the Investors copies of such Registration
Statement and such other documents as proposed to be filed (including copies of
any document to be incorporated by reference therein), and thereafter furnish to
the Investors such number of copies as may be reasonably requested in writing by
the Investors of such Registration Statement, each amendment and supplement
thereto (including copies of any document to be incorporated by reference
therein), including all exhibits thereto, the prospectus included in such
Registration Statement (including each preliminary prospectus), and, promptly
after the effectiveness of a Registration Statement, the definitive final
prospectus filed with the SEC;
(b) notify the Investors, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, of the occurrence
of any event as a result of which the prospectus included in such Registration
Statement (including any document to be incorporated by reference therein)
contains an untrue statement of a material fact or omits any fact necessary to
make the statements therein not misleading and, at the request of the Investors,
the Company shall prepare a supplement or amendment to such prospectus so that,
as thereafter delivered to the purchasers of such Registrable Shares, such
prospectus will not contain an untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the
statements therein not misleading and promptly make available to the Investors
any such supplement or amendment;
(c) notify the Investors and the managing underwriters, if any,
promptly, and (if requested by any such Person) confirm such advice in writing,
(i) when the Registration Statement, the prospectus or any prospectus supplement
or post-effective amendment has been filed, and, with respect to the
Registration Statement or any post-effective amendment, when the same has become
effective, (ii) of the issuance by the SEC of any stop order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of any preliminary prospectus or the initiation of any
proceedings for that purpose and the Company shall promptly use its reasonable
best efforts to prevent the issuance of any stop order or to obtain its
withdrawal if such stop order should be issued and (iii) of the receipt by the
Company of any notification with respect to the suspension of the qualification
or exemption from qualification of a Registration Statement or any of the
Registrable Shares for offer or sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose.
The Company may require the Investors to furnish to the Company such
information regarding themselves and the distribution of such Registrable Shares
as the Company may from time to time reasonably request in writing and such
other information as may be legally required in connection with such
registration. The Investors agree, by their acquisition of Registrable Shares
and their acceptance of the benefits provided to it hereunder, to furnish
promptly to the Company all information required to be disclosed in order to
make any previously furnished information not materially misleading. All
Investors proposing to distribute their Registrable Shares through such
12
underwriting shall (together with the Company) enter into an underwriting
agreement in customary form with the underwriter or underwriters selected by the
Company for such underwriting and shall provide to such underwriter or
underwriters any opinions and certificates, and any indemnification with respect
to such Investor as reasonably required by such underwriter or underwriters.
The Investors agree that upon receipt of any notice from the Company of the
happening of any event of the kind described herein requiring the cessation of
the distribution of a prospectus or the distribution of a supplemented or
amended prospectus, the Investors will forthwith discontinue disposition of
Registrable Shares pursuant to the Registration Statement covering such
Registrable Shares until the Investors' receipt of the copies of the
supplemented or amended prospectus contemplated by this Subscription Agreement,
or until it is advised in writing by the Company that the use of the prospectus
may be resumed, and, if so directed by the Company, the Investors will deliver
to the Company (at the Company's expense) all copies, other than permanent file
copies then in the Investors' possession, of the prospectus covering such
Registrable Shares current at the time of receipt of such notice.
8.4 Registration Expenses. All expenses incident to the Company's
performance of or compliance with the registration of shares pursuant to this
Subscription Agreement, including, without limitation, all registration and
filing fees, fees and expenses of compliance with securities or blue sky laws
(including reasonable fees and disbursements of counsel of the Company and
counsel for the underwriters in connection with "blue sky" qualifications of the
Registrable Shares), fees and expenses associated with filings required to be
made with the National Association of Securities Dealers, Inc., and with listing
on any national securities exchange or exchanges in which listing may be sought,
printing expenses, messenger and delivery expenses, fees and expenses of one
counsel for all Investors participating in such registration (not to exceed
$15,000), fees and expenses of counsel for the Company and its independent
certified public accountants, securities acts liability insurance (if the
Company elects to obtain such insurance), the fees and expenses of any special
experts retained by the Company in connection with such registration, and fees
and expenses of other persons retained by the Company (all such expenses being
herein called "Registration Expenses") will be borne by the Company; provided
that in no event shall Registration Expenses payable by the Company include any
(i) underwriting discounts, commissions, or fees attributable to the sale of
Registrable Shares, or (ii) transfer taxes, if any, all of which shall be borne
pro rata by the Investors including Registrable Shares in such registration.
8.5 Indemnification.
(a) To the extent permitted by law, the Company will indemnify and
hold harmless each Investor, the partners or officers, directors and
stockholders of each Investor, legal counsel and accountants for each Investor,
any underwriter (as defined in the Securities Act) for such Investor and each
person, if any, who controls such Investor or underwriter within the meaning of
the Securities Act or the Exchange Act, against any losses, claims, damages or
liabilities (joint or several) to which they may become subject under the
Securities Act, the Exchange Act or any state securities laws, insofar as such
losses, claims, damages, or liabilities (or actions in respect thereof) arise
out of or are based upon any of the following statements, omissions or
violations (collectively a "Violation"): (i) any untrue statement or alleged
untrue statement of a material fact contained in the Registration Statement,
including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto, (ii) the omission or alleged omission to
state therein a material fact required to be stated therein, or necessary to
make the statements therein not misleading, or (iii) any violation or alleged
violation by the Company of the Securities Act, the
13
Exchange Act, any state securities laws or any rule or regulation promulgated
under the Securities Act, the Exchange Act or any state securities laws; and the
Company will reimburse each such Investor, underwriter or controlling person for
any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the indemnity agreement contained in this subsection
8.5(a) shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Company (which consent shall not be unreasonably withheld), nor shall the
Company be liable in any such case for any such loss, claim, damage, liability
or action to the extent that it arises out of or is based upon a Violation that
occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such registration by any such Investor,
underwriter or controlling person; provided further, however, that the foregoing
indemnity agreement with respect to any preliminary prospectus shall not inure
to the benefit of any Investor or underwriter, or any person controlling such
Investor or underwriter, from whom the person asserting any such losses, claims,
damages or liabilities purchased shares in the offering, if a copy of the
prospectus (as then amended or supplemented if the Company shall have furnished
any amendments or supplements thereto) was not sent or given by or on behalf of
such Investor or underwriter to such person, if required by law so to have been
delivered, at or prior to the written confirmation of the sale of the shares to
such person, and if the prospectus (as so amended or supplemented) would have
cured the defect giving rise to such loss, claim, damage or liability.
(b) To the extent permitted by law, each Investor will indemnify and
hold harmless the Company, each of its directors, each of its officers who has
signed the Registration Statement, each person, if any, who controls the Company
within the meaning of the Securities Act, legal counsel and accountants for the
Company, any underwriter, each other Investor selling Shares in the Registration
Statement and any controlling person of any such underwriter or other Investor,
against any losses, claims, damages or liabilities (joint or several) to which
any of the foregoing persons may become subject, under the Securities Act, the
Exchange Act or any state securities laws, insofar as such losses, claims,
damages or liabilities (or actions in respect thereto) arise out of or are based
upon any Violation, in each case to the extent (and only to the extent) that
such Violation occurs in reliance upon and in conformity with written
information furnished by such Investor expressly for use in connection with the
Registration Statement; and each such Investor will reimburse any person
intended to be indemnified pursuant to this subsection 8.5(b), for any legal or
other expenses reasonably incurred by such person in connection with
investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the indemnity agreement contained in this subsection
8.5(b) shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Investor (which consent shall not be unreasonably withheld), provided
that in no event shall any indemnity under this subsection 8.5(b) exceed the
gross proceeds from the offering received by such Investor.
(c) Promptly after receipt by an indemnified party under this Section
8.5 of notice of the commencement of any action (including any governmental
action), such indemnified party will, if a claim in respect thereof is to be
made against any indemnifying party under this Section 8.5, deliver to the
indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties that may be represented without
conflict by one counsel) shall have the right to retain one separate counsel,
with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the
14
indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such
action, if prejudicial to its ability to defend such action, shall relieve such
indemnifying party of any liability to the indemnified party under this Section
8.5, but the omission so to deliver written notice to the indemnifying party
will not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 8.5.
(d) If the indemnification provided for in this Section 8.5 is held
by a court of competent jurisdiction to be unavailable to an indemnified party
with respect to any loss, liability, claim, damage or expense referred to
herein, then the indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage or expense
in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in
connection with the statements or omissions that resulted in such loss,
liability, claim, damage or expense, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the
indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.
(e) The obligations of the Company and Investors under this Section
8.5 shall survive the completion of any offering of Registrable Securities in a
Registration Statement under this Section 8, and otherwise.
9. MISCELLANEOUS.
9.1 Waivers and Amendments. Neither this Subscription Agreement nor any
provision hereof may be changed, waived, discharged, terminated, modified or
amended except upon the written consent of the Company and holders of at least a
majority of the Shares, or, in the case of non-material or ministerial
amendments, upon the written consent of the Company and the Placement Agent.
9.2 Headings. The headings of the various sections of this Subscription
Agreement have been inserted for convenience of reference only and shall not be
deemed to be part of this Subscription Agreement.
9.3 Broker's Fee. The Company and each Investor (severally and not jointly)
hereby represent that, except for amounts to be paid to the Placement Agent by
the Company, there are no brokers or finders entitled to compensation in
connection with the sale of the Shares, and shall indemnify each other for any
such fees for which they are responsible.
9.4 Severability. If any term or provision of this Agreement is held to be
invalid or unenforceable, the remaining portions of this Agreement shall
continue to be valid and will be performed, construed, and enforced to the
fullest extent permitted by law, and the invalid or unenforceable term shall be
deemed amended and limited in accordance with the intent of the parties as
determined from the face of the Agreement, to the extent necessary to permit the
maximum enforceability or validity of the term or provision.
15
9.5 Notices. All notices, requests, consents and other communications
hereunder shall be in writing and shall be deemed effectively given: (a) upon
personal delivery to the party to be notified, (b) when sent by confirmed
facsimile if sent during normal business hours of the recipient; if not, then on
the next business day, (c) upon receipt when sent by first-class registered or
certified mail, return receipt requested, postage prepaid, or (d) upon receipt
after deposit with a nationally recognized overnight express courier, postage
prepaid, specifying next day delivery with written verification of receipt. All
communications shall be sent to the party to be notified at the address as set
forth below or at such other address as such party may designate by ten (10)
days advance written notice to the Company. All communications shall be
addressed as follows:
(a) if to the Company, to:
Interplay Entertainment Corp.
00000 Xxx Xxxxxx Xxx.
Xxxxxx, Xxxxxxxxxx 00000
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Attention: Chief Executive Officer
with a copy so mailed to:
Xxxxxxxxx Xxxxx Xxxxxxx & Xxxxx
000 Xxxxxxx Xxxxxx Xxxxx, Xxxxx #0000
Xxxxxxx Xxxxx, XX 00000
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxx, Esq.
(b) if to the Investors, at the address as set forth on the
Counterpart Execution Page of this Subscription Agreement.
9.6 Governing Law. This Subscription Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to conflicts of law principles.
9.7 Counterparts. This Subscription Agreement may be executed in two or
more counterparts, each of which shall constitute an original, but all of which,
when taken together, shall constitute but one instrument, and shall become
effective when one or more counterparts have been signed by each party hereto
and delivered to the other parties.
9.8 Survival of Representations, Warranties and Agreements. Notwithstanding
any investigation made by any party to this Subscription Agreement, all
covenants, agreements, representations and warranties made by the Company and
each Investor herein and in the certificates for the securities delivered
pursuant hereto shall survive the execution of this Subscription Agreement, the
delivery to the Investors of the Shares and the payment therefor until 90 days
after the Closing.
16
9.9 Successors and Assigns. Except as otherwise expressly provided herein,
the provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.
Neither the terms "successors" nor "assigns" as used herein shall include any
entity or person who purchases Shares from any Investor after the Closing and is
not an affiliate of an Investor.
9.10 Entire Agreement. This Subscription Agreement and other documents
delivered pursuant hereto, including the exhibits, constitute the full and
entire understanding and agreement between the parties with regard to the
subjects hereof and thereof.
9.11 Payment of Fees and Expenses. Each of the Company and the Investors
shall bear its own expenses and legal fees incurred on its behalf with respect
to this Subscription Agreement and the transactions contemplated hereby (the
"Offering"); provided, however, that the Company shall bear the costs in
connection with the Registration Statement as described in Section 8.4 and shall
reimburse the Placement Agent for certain fees and expenses incurred by the
Placement Agent in connection with the Offering, as set forth in the engagement
letter with the Placement Agent. Each Investor acknowledges that the Placement
Agent will receive a commission in the amount described in the Memorandum and
hereby authorizes the Placement Agent to deduct the amount of such commission
from the gross proceeds payable to the Company from the sale of the Shares
hereunder. If any action at law or in equity is necessary to enforce or
interpret the terms of this Subscription Agreement, the prevailing party shall
be entitled to reasonable attorney's fees, costs and necessary disbursements in
addition to any other relief to which such party may be entitled.
9.12 Confidentiality. Each Investor acknowledges and agrees that any
information or data it has acquired from the Company, not otherwise properly in
the public domain, was received in confidence. Except to the extent authorized
by the Company and required by any federal or state law, rule or regulation or
any decision or order of any court or regulatory authority, Investor agrees that
it will refrain from disclosing any such information to any person other than to
any agent, attorneys, accountants, employees, officers and directors of Investor
who need to know such information in connection with Investors' purchase of the
Shares, and who agree to be bound by the confidentiality provisions of this
Subscription Agreement. In the event that Investor or its agents are required by
federal or state or other law, rule or regulation or any decision or order of
any court or regulatory authority to release such information, it shall give the
Company sufficient prior notice so that the Company may seek a stay or other
release or waiver from disclosing such information. Each Investor agrees not to
use to the detriment of the Company or for the benefit of any other person or
persons, or misuse in any way, any confidential information of the Company.
9.13 Knowledge. The phrases "knowledge," "to the Company's knowledge," "to
our knowledge," "of which the Company is aware" and similar language as used
herein shall mean the actual knowledge and current awareness, or knowledge which
a reasonable person would have acquired following a reasonable investigation, of
any executive officer or Director of the Company; provided, however, that the
term "actual knowledge of the Company" shall mean the actual knowledge and
current awareness of any executive officer or Director of the Company.
17
If this Subscription Agreement is satisfactory to you, please so indicate
by signing the acceptance on a counterpart execution page to this Subscription
Agreement and return such counterpart to the Company whereupon this Subscription
Agreement will become binding between us in accordance with its terms.
Interplay Entertainment Corp.,
a Delaware corporation
By: /s/ Xxxxx Xxxxx
---------------------------------
Xxxxx Xxxxx,
Chief Executive Officer
Date: March 29, 2001
18
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
64,000
----------------------------------------
INVESTOR:
Xxxxxx Xxxxxxxx Trustee
Xxxxxx Xxxxxxxx Trust UAD 11/23/92
----------------------------------------
By: /s/ XXXXXX XXXXXXXX
-------------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Trustee
Address:
Facsimile:
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Xxxxxxxx Trustee
registered in (this is the name that will Xxxxxx Xxxxxxxx Trust
appear on your Shares certificate(s)). UAD 11/23/92
You may use a nominee name if appropriate: -----------------------------
2. The relationship between the purchaser of Trustee
the Shares and the Registered Holder listed -----------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to -----------------------------
item 1 above (if different from above):
-----------------------------
Facsimile:
-------------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number -----------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
256,000
----------------------------------------
INVESTOR:
Endeavor Asset Management, L.P.
By: /s/ XXXX XXXXXXXX
-------------------------------------
Name: Xxxx Xxxxxxxx
Title: General Partner
Address:
Facsimile:
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Endeavor Asset Management,
registered in (this is the name that will L.P.
appear on your Shares certificate(s)). --------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed
in response to item 1 above:
3. The mailing address and facsimile number of --------------------------
the Registered Holder listed in response to
item 1 above (if different from above): --------------------------
Facsimile:
----------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number --------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
1,350,770
INVESTOR:
Fidelity Advisor Series I: Fidelity
Advisor Value Strategies Fund
By: /s/ XXXX X. XXXXXXXX
-------------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Assistant Treasurer
Address:
Facsimile:
Date: March 30, 2001
Please complete the following:
1. The exact name that your Shares are to be Mag & Co. for the benefit
registered in (this is the name that will of Fidelity Advisor Series
appear on your Shares certificate(s)). 1: Fidelity Advisor Value
You may use a nominee name if appropriate: Strategies Fund
2. The relationship between the purchaser of Custodian bank
the Shares and the Registered Holder listed
in response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
32,000
----------------------------------------
INVESTOR:
By: /s/ XXXXXX KITCHEN
----------------------------------------
Name: Xxxxxx Kitchen
Title:
Address:
Facsimile:
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Kitchen
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to ------------------------
item 1 above (if different from above):
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the ------------------------
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
----------------------------------------
INVESTOR:
Managed Risk Trading L.P.
----------------------------------------
By: /s/ XXXXXXX X. XXXXXX
-------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: President of the General Partner
Address:
Facsimile:
Date: March 28, 2001
Please complete the following:
1. The exact name that your Shares are to be
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
64,000
----------------------------------------
INVESTOR:
Oxcal Venture Fund LP
----------------------------------------
Oxcal Venture Fund LP
By Oxcal Venture Corp
Its GP By Its Pres.
By: /s/ Xxxxxx Xxxxxxxx
-------------------------------------
Name:
Title:
Address:
Facsimile:
Please complete the following:
1. The exact name that your Shares are to be Oxcal Venture Fund, LP
registered in (this is the name that will ---------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ---------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to ---------------------------
item 1 above (if different from above):
---------------------------
Facsimile:
-----------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ---------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
128,000
----------------------------------------
INVESTOR:
Redwood Partners, LLC
----------------------------------------
By: /s/ Xxxx Xxxxx
-------------------------------------
Name: Xxxx Xxxxx
Title: Member Manager
Address:
-------------------------------
Facsimile:
------------------------------
Date: March 28, 2001
Please complete the following:
1. The exact name that your Shares are to be Redwood Partners LLC
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
----------------------------------------
INVESTOR:
RLR Partners LP
----------------------------------------
By: /s/ XXXXXX XXXXXX
-------------------------------------
Name: Xxxxxx Xxxxxx
Title: Managing Partner
Address:
Facsimile:
Date: March __, 2001
Please complete the following:
1. The exact name that your Shares are to be RLR Partners LP
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
575,000
----------------------------------------
INVESTOR:
Special Situations Cayman Fund, L.P.
----------------------------------------
By: /s/ XXXXX GREENHOUSE
-------------------------------------
Name: Xxxxx Greenhouse
Title: MD
Address:
Facsimile:
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Special Situations Cayman
registered in (this is the name that will Fund, L.P.
appear on your Shares certificate(s)). -------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to ------------------------
item 1 above (if different from above):
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the ------------------------
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
1,725,000
----------------------------------------
INVESTOR:
Special Situations Fund III, L.P.
----------------------------------------
By: /s/ XXXXX GREENHOUSE
-------------------------------------
Name: Xxxxx Greenhouse
Title: MD
Address:
Facsimile:
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Special Situations Fund
registered in (this is the name that will III, L.P.
appear on your Shares certificate(s)). ------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to ------------------------
item 1 above (if different from above):
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the ------------------------
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
800,000
----------------------------------------
INVESTOR:
Special Situations Private Equity Fund, L.P.
By: /s/ Xxxxx Greenhouse
-------------------------------------
Name: Xxxxx Greenhouse
Title: MD
Address:
Facsimile:
-----------------------------
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Special Situations Private
registered in (this is the name that will Equity Fund, L.P.
appear on your Shares certificate(s)). --------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed --------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to --------------------------
item 1 above (if different from above):
--------------------------
Facsimile:
----------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the --------------------------
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
100,000
----------------------------------------
INVESTOR:
Special Situations Technology Fund, L.P.
----------------------------------------
By: /s/ XXXXX GREENHOUSE
-------------------------------------
Name: Xxxxx Greenhouse
Title: MD
Address:
Facsimile:
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Special Situations Technology
registered in (this is the name that will Fund, L.P.
appear on your Shares certificate(s)). -----------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to -----------------------------
item 1 above (if different from above):
-----------------------------
Facsimile:
-------------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number -----------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
88,704
----------------------------------------
INVESTOR:
Xxxxxx Offshore Fund, Ltd.
----------------------------------------
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Manager
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Offshore Fund, Ltd.
registered in (this is the name that will ---------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ---------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to ---------------------------
item 1 above (if different from above): Same
---------------------------
Facsimile:
-----------------
4. (For United States Investors:) The Social N/A
Security Number or Tax Identification Number ---------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
9,008
----------------------------------------
INVESTOR:
Xxxxxx Investment Partners II, L.P.
----------------------------------------
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Manager
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Investment Partners
registered in (this is the name that will II, L.P.
appear on your Shares certificate(s)). -----------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed -----------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to -----------------------------
item 1 above (if different from above): Same
-----------------------------
Facsimile:
-------------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the
response to item 1 above: -----------------------------
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
62,288
----------------------------------------
INVESTOR:
Xxxxxx Investment Partners, LP
----------------------------------------
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Manager
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Investment Partners,
registered in (this is the name that will L.P.
appear on your Shares certificate(s)). ---------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ---------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to ---------------------------
item 1 above (if different from above): Same
---------------------------
Facsimile:
-----------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ---------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
913,808
----------------------------------------
INVESTOR:
Western Small-Cap Fund Ltd.
----------------------------------------
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Manager
Address:
Facsimile: (000) 000-0000
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Small-Cap Fund, Ltd.
registered in (this is the name that will ---------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ---------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to ---------------------------
item 1 above (if different from above): Same
---------------------------
Facsimile:
-----------------
4. (For United States Investors:) The Social N/A
Security Number or Tax Identification Number ---------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
50,288
----------------------------------------
INVESTOR:
Xxxxxx Small-Cap Partners II, L.P.
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Manager
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Small-Cap Partners
registered in (this is the name that will II, L.P.
appear on your Shares certificate(s)). -------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed -------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to -------------------------
item 1 above (if different from above):
Facsimile: Same
---------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number -------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
155,904
----------------------------------------
INVESTOR:
Xxxxxx Small-Cap Partners I, LP
----------------------------------------
By: /s/ XXXXXXX XXXXXX
-------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Investment Management
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx Small-Cap
registered in (this is the name that will Partners I, L.P.
appear on your Shares certificate(s)). ------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of Same
the Registered Holder listed in response to ------------------------
item 1 above (if different from above):
------------------------
Facsimile: Same
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
200,000
----------------------------------------
INVESTOR:
Special Situations Technology Fund, L.P.
----------------------------------------
By: /s/ XXXXX GREENHOUSE
-------------------------------------
Name: Xxxxx Greenhouse
Title: MD
Address:
Facsimile:
Date: April 4, 2001
Please complete the following:
1. The exact name that your Shares are to be Special Situations Technology
registered in (this is the name that will Fund, L.P.
appear on your Shares certificate(s)). ------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number
of the Registered Holder listed in the
response to item 1 above: ------------------------
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
30,000
----------------------------------------
INVESTOR:
X. Xxxxxxxxx McBaine
----------------------------------------
By: /s/ X. XXXXXXXXX XXXXXXX
-------------------------------------
Name: X. Xxxxxxxxx McBaine
Title:
Address:
Facsimile:
Date: April 5, 2001
Please complete the following:
1. The exact name that your Shares are to be X. Xxxxxxxxx XxXxxxx
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Self
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
------------------------
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
100,000
----------------------------------------
INVESTOR:
Xxx X. Xxxxxx
----------------------------------------
By: /s/ XXX X. XXXXXX
-------------------------------------
Name: Xxx X. Xxxxxx
Title:
Address:
Facsimile:
Date: April 5, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxx X. Xxxxxx
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Self
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
------------------------
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
120,000
----------------------------------------
INVESTOR:
Xxxxxx & McBaine International
----------------------------------------
By: /s/ XXX X. XXXXXX
-------------------------------------
Name: Xxx X. Xxxxxx
Title: Managing Member, GMCA
Attorney in Fact
Address:
Facsimile:
Date: April 5, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxx & McBaine
registered in (this is the name that will International
appear on your Shares certificate(s)). ------------------------
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Attorney-in-fact
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
------------------------
------------------------
Phone:
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
350,000
----------------------------------------
INVESTOR:
Lagunitas Partners LP
----------------------------------------
By: /s/ XXX X. XXXXXX
-------------------------------------
Name: Xxx X. Xxxxxx
Title: Managing Member, GMCM,
General partner, Lagunitas Partners
LP
Address:
Facsimile:
Date: April 5, 2001
Please complete the following:
1. The exact name that your Shares are to be Lagunitas Partners LP
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Managing Member, GMCM
the Shares and the Registered Holder listed General Partner
in response to item 1 above: ------------------------
3. The mailing address and facsimile number of
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
------------------------
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
64,000
----------------------------------------
INVESTOR:
Xxxxxxx X. Xxxxx
----------------------------------------
By: /s/ XXXXXXX X. XXXXX
-------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: President & COO
Address:
Facsimile:
Date: March 29, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxxx X. Xxxxx
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Same
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of
the Registered Holder listed in response to ------------------------
item 1 above (if different from above):
------------------------
------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
64,000
----------------------------------------
INVESTOR:
Xxxxx Xxxxx
----------------------------------------
By: /s/ XXXXX XXXXX
-------------------------------------
Name: Xxxxx Xxxxx
Title:
Address:
Facsimile:
Date: March 11, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxx Xxxxx
registered in (this is the name that will ------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of
the Shares and the Registered Holder listed ------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------
Facsimile:
--------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
64,000
----------------------------------------
INVESTOR:
Xxxxxxx Capital Group, Inc.
----------------------------------------
By: /s/ XXX X. XXXXXXX
-------------------------------------
Name: Xxx X. Xxxxxxx
Title: President
Address:
Facsimile:
Date: March 10, 2001
Please complete the following:
1. The exact name that your Shares are to be Xxxxxxx Capital Group, Inc.
registered in (this is the name that will ---------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of Corporation
the Shares and the Registered Holder listed ---------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ---------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ---------------------------
Facsimile:
-----------------
4. (For United States Investors:) The Social
Security Number or Tax Identification Number ---------------------------
of the Registered Holder listed in the
response to item 1 above:
Common Stock Subscription Agreement
Signature Page
Common Stock Subscription Agreement
Counterpart Execution Page
By signing below, the undersigned agrees to the terms of the Interplay
Entertainment Corp. Common Stock Subscription Agreement and to purchase the
number of Shares set forth below.
Number of Shares being purchased:
500,000
----------------------------------------
INVESTOR:
Spinner Global Technology Fund, Ltd.
----------------------------------------
By: /s/ XXXXXX XXXXXXX
-------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Vice President
Address:
Facsimile:
Date: March 10, 2001
Please complete the following:
1. The exact name that your Shares are to be Spinner Global Technology Fund, Ltd.
registered in (this is the name that will ------------------------------------
appear on your Shares certificate(s)).
You may use a nominee name if appropriate:
2. The relationship between the purchaser of SAME
the Shares and the Registered Holder listed ------------------------------------
in response to item 1 above:
3. The mailing address and facsimile number of ------------------------------------
the Registered Holder listed in response to
item 1 above (if different from above): ------------------------------------
Facsimile:
--------------------------
SCHEDULE A
SCHEDULE OF EXCEPTIONS
----------------------
Omitted pursuant to Item 601 of Regulation S-K.
1
APPENDIX I
FORM OF WARRANT
---------------
See Exhibit 4.2.
2
APPENDIX II
INTERPLAY ENTERTAINMENT CORP.
INVESTORS' CERTIFICATE OF RESALE OF THE SHARES
The undersigned, an officer of, or other person duly authorized by _________
[fill in
_____________________________________________________ hereby certifies that
institution official name of individual or institution]
he/she [said institution] is the purchaser of the Shares evidenced by the
attached stock certificate(s) and as such, sold such Shares on _________ in
[date]
accordance with registration statement number ______________ and the
[fill in the number of or otherwise identify registration statement]
requirement of delivering a current prospectus and current annual, quarterly
and reports (Forms 10-K, 10-Q, and 8-K) by the Company has been complied with
in connection with such sale.
Print or Type:
Name of Investor (Individual or Institution): _________________________________
Name of Individual representing Investor
(if an Institution): _________________________________
Title of Individual representing Investor
(if an Institution): _________________________________
Signature by:
Individual Investor or Individual
representing Investor: _________________________________
3
