January 28, 2005 Mr. Thinh Tran President and CEO Sigma Designs, Inc. 1221 California Circle Milpitas, CA 95035 RE: Purchase of Series B Preferred Stock in Envivio from Sigma Designs, Inc. Dear Mr. Tran,Sigma Designs Inc • April 14th, 2005 • Computer peripheral equipment, nec
The undersigned, Innovacom Venture Capital ("Purchaser"), hereby agrees to purchase from Sigma Designs, Inc. ("Sigma") Fifteen Thousand Thirty-five (15,035) shares of Series B Preferred Stock (the "Shares") of Envivio, Inc., a Delaware corporation, for a purchase price of Seventy-two US Dollars (US$72.00) per share or an aggregate purchase price of One Million Eighty Two Thousand Five Hundred Twenty Dollars (US$1,082,520.00). The closing to take place on or before Saturday January 29, 2005. At the closing Sigma will deliver to Purchaser the original certificate(s) for the Shares either together with a stock power signed by Sigma in blank, or with the back assignment signed by Sigma, either in blank or with Purchaser as the transferee, and thereupon Purchaser shall pay to Sigma the purchase price by wire transfer, check or similar means satisfactory to Sigma, provided, however that such purchase price must be received by Sigma on or before Friday 18, 2005.
