1
Exhibit 10.22
FOURTH AMENDED AND RESTATED VOTING AGREEMENT
AGREEMENT, dated as of December 17, 1998 among Aspect Medical Systems,
Inc., a Delaware corporation (the "Company"); those persons whose names are set
forth under the heading "Preferred Shareholders" on Schedule I hereto (the
"Preferred Shareholders"); those persons whose names are set forth under the
heading "Common Shareholders" on Schedule I hereto (the "Common Shareholders");
and those persons who shall, after the date hereof, join in and become a party
to this Agreement by executing and delivering to the Company an Instrument of
Accession in the form of Schedule II hereto.
WHEREAS, the Common Shareholders, certain of the Preferred Shareholders
and the Company are parties to a certain Third Amended and Restated Voting
Agreement dated February 13, 1998 (the "Old Voting Agreement"), pursuant to
which the Common Shareholders and certain of the Preferred Shareholders agreed
to vote their shares of capital stock of the Company in a certain manner with
respect to the election of the Board of Directors of the Company;
WHEREAS, pursuant to a Series E Convertible Preferred Stock and Warrant
Purchase Agreement dated as of the date hereof between the Company and the
purchasers listed on Schedule I thereto (the "Purchase Agreement"), certain of
the Preferred Shareholders are purchasing (a) Series E Convertible Preferred
Stock, $.01 par value per share (the "Series E Preferred Stock") and (b)
Warrants (the "Warrants") to purchase shares of Common Stock, $.01 par value per
share, of the Company (the "Common Stock"); and
WHEREAS, it is a condition to the obligations of the Preferred
Shareholders purchasing Series E Preferred Stock and Warrants pursuant to the
Purchase Agreement that this Agreement be executed by the parties hereto to
amend and restate the Old Voting Agreement as set forth herein, and the parties
are willing to execute this Agreement and to be bound by the provisions hereof.
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the parties hereto agree as follows:
1. Amendment to Old Voting Agreement. The Old Voting Agreement is
hereby amended and restated upon the terms and conditions contained in this
Agreement to read in its entirety as provided herein.
2. Definitions. As used in this Agreement, the term "Shares" shall mean
any voting securities of the Company currently owned (either beneficially or of
record) or subsequently acquired by any party to this Agreement, including any
securities which such party does not own (either beneficially or of record) but
as to
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which such party exercises voting control, and including, without limitation,
shares of Common Stock acquired upon conversion of shares of convertible
preferred stock or upon exercise of options or warrants to purchase Common
Stock.
3. Term. The term of this Agreement shall commence on the date hereof
and shall terminate upon the earlier of (i) the closing of a firm commitment
underwritten public offering of shares of Common Stock which (a) results in
aggregate gross proceeds of at least $20,000,000, and (b) is at a price per
share of at least $14.00, which number shall be appropriately adjusted for stock
splits, stock dividends, combinations, reorganizations, recapitalizations and
other similar events involving a change in the capital structure of the Company,
or (ii) the tenth anniversary of the date of this Agreement.
4. Board of Directors.
(a) Each party covenants and agrees that it shall vote all of
its Shares so that the Company's Board of Directors shall consist of no more
than nine members, unless the number of members of the Board of Directors of the
Company is expanded pursuant to paragraph (e) below.
(b) Each party covenants and agrees that at any and all
meetings (including any written action in lieu of a meeting of shareholders of
the Company at which directors are to be elected) each party shall at all such
times vote all of its Shares, to the extent permitted pursuant to the Company's
Restated Certificate of Incorporation (as it may be further amended or restated
from time to time), to cause and maintain the election to the Board of Directors
of the Company of:
(i) one nominee selected by Xxxxxx X. Xxxxxxx
("Xxxxxxx"), subject to paragraph (c) below;
(ii) two nominees designated by a majority of the
Series B-1 Convertible Preferred Stock, $.01 par value per share (the "Series
B-1 Preferred Stock") and the Series B-2 Convertible Preferred Stock, $.01 par
value per share (the "Series B-2 Preferred Stock"), voting together as a single
series;
(iii) one nominee designated by a majority of the
Series A-1 Convertible Preferred Stock, $.01 par value per share (the "Series
A-1 Preferred Stock"), and the Series A-2 Preferred Stock, $.01 par value per
share (the "Series A-2 Preferred Stock"), voting together as a single series,
and acceptable to both Aeneas Venture Corporation (for so long as it holds
shares of Series A-1 Preferred Stock or Series A-2 Preferred Stock) and New
Enterprise Associates IV, Limited Partnership (for so long as it holds shares of
Series A-1 Preferred Stock or Series A-2 Preferred Stock);
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(iv) one nominee selected by Polaris Venture
Partners, L.P. ("Polaris") (for so long as it holds shares of Series C
Convertible Preferred Stock, $.01 par value per share (the "Series C Preferred
Stock"), or Series C-2 Convertible Preferred Stock, $.01 par value per share
(the "Series C-2 Preferred Stock"), or, in the event that Polaris no longer
holds shares of Series C Preferred Stock or Series C-2 Preferred Stock, by the
holders of a majority of shares of Series C Preferred Stock and Series C-2
Preferred Stock);
(v) one nominee selected by the holders of a
majority of the shares of Series D Convertible Preferred Stock, $.01 par value
per share (the "Series D Preferred Stock") and Series D-2 Convertible Preferred
Stock, $.01 par value per share (the "Series D-2 Preferred Stock"), voting
together as a single series;
(vi) one nominee selected by a majority of the
directors designated pursuant to clauses (ii) through (v) of this Section 4(b);
and
(vii) two additional nominees who shall be agreed
upon by the management of the Company and a majority of the directors designated
pursuant to clauses (ii) through (v) of this paragraph (b); provided, however,
that one of the nominees selected pursuant to this clause (vii) shall not be any
person affiliated with the Company's management, the holders of Series B-1
Preferred Stock, Series A-1 Preferred Stock, Series C Preferred Stock, Series D
Preferred Stock, Series A-2 Preferred Stock, Series B-2 Preferred Stock, Series
C-2 Preferred Stock or Series D-2 Preferred Stock (a "Non-Affiliated Director");
provided further that each party agrees to vote their Shares to remove such
Non-Affiliated Director if such removal is recommended by a majority of the
directors designated pursuant to clauses (ii) through (v) of this paragraph (b).
(c) Notwithstanding paragraph (b) above, Xxxxxxx shall be
entitled to designate one nominee to the Board of Directors of the Company only
if, at the time of any such nomination, he is then employed by the Company or
serving as a consultant to the Company at its request. Commencing with the date
Xxxxxxx'x relationship with the Company as an employee or consultant terminates
and thereafter, the nominee to which Xxxxxxx would otherwise have been entitled
to designate pursuant to clause (i) of paragraph (b) above, shall be such person
who is designated by the Chief Executive Officer of the Company and approved by
a majority of nominees or directors who were nominees designated pursuant to
clauses (ii) through (v) of paragraph (b) above.
(d) The parties agree that (i) the initial nominee designated
by Xxxxxxx is Xxxxxxx, (ii) the initial nominees designated by the majority of
the Series B-1 Preferred Stock are Xxxxxxx X. Xxxx and Xxxxx X. Xxxxx, Xx.,
(iii) the initial nominee designated by the majority of the Series A-1 Preferred
Stock is X. Xxxxxxxxxxxx Eagle, (iv) the initial nominee designated by a
majority of the holders of
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Series C Preferred Stock is Xxxxxxxx XxXxxxx, (v) the initial nominee designated
by the directors pursuant to clause (v) of Section 4(b) is Xxxxxx Xxxxxx, (vi)
the initial nominee designated by the directors elected pursuant to clauses (ii)
through (v) of Section 4(b) above is Xxxxxx Xxxxxxx and (vii) the initial
nominees elected pursuant to clause (vii) of Section 4 (b) are Xxxxxx X. Xxxxx
and Xxxxxxxxx Xxxxxx.
(e) The Board of Directors shall be expanded by up to one
additional member if it is deemed desirable by a majority of the Series A-1
Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series D
Preferred Stock, Series E Convertible Preferred Stock, $.01 par value per share
(the "Series E Preferred Stock"), Series A-2 Preferred Stock, Series B-2
Preferred Stock, Series C-2 Preferred Stock, Series D-2 Preferred Stock and
Series E-2 Convertible Preferred Stock, $.01 par value per share (the "Series
E-2 Preferred Stock" and together with the Series A-1 Preferred Stock, Series
B-1 Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series
E Preferred Stock, Series A-2 Preferred Stock, Series B-2 Preferred Stock,
Series C-2 Preferred Stock and Series D-2 Preferred Stock, the "Preferred
Stock") voting together. The nominees to fill the directorship(s) created by the
expansion of the Board of Directors shall be designated by a majority of the
directors elected pursuant to clauses (ii) through (v) of Section 4(b) above,
provided, however, that the nominee(s) designated pursuant to this paragraph (e)
shall not be any person affiliated with the Company's management or the holders
of Preferred Stock. The Board of Directors will be enlarged and the designated
nominees will be elected in accordance with the Company's By-laws.
5. Vacancies. Subject to paragraph (c) of Section 4 above, any vacancy
in the Board of Directors of the Company (occurring due to the resignation,
death or removal of a director or due to the expansion of the Board of Directors
pursuant to paragraph (e) above) shall be filled by a nominee elected by the
parties who had the right to elect the nominee for such vacant directorship
pursuant to Section 4 (b) above or pursuant to paragraph (e) above, as
applicable.
6. Miscellaneous.
(a) This Agreement sets forth the entire agreement of the
parties with respect to the subject matter hereof and may not be amended,
modified or terminated, and no rights or provisions herein may be waived,
without the written consent of (i) the holders of at least 55% of the then
outstanding shares of Preferred Stock, voting together as a single class, and
(ii) the holders of a majority of the outstanding shares of Common Stock of the
Company held by those who are or have become a party to this Agreement, provided
that the provisions of Section 3(i) of this Agreement may not be waived without
the written consent of holders of at least 80% of the then outstanding shares of
Preferred Stock, voting separately as a single class.
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(b) This Agreement shall be governed by and construed and
enforced in accordance with the laws of the Commonwealth of Massachusetts. This
Agreement shall be binding upon and inure to the benefit of the parties
signatory hereto and their respective heirs, personal representatives,
successors or assigns and any transferee of any of the Shares. Notwithstanding
anything to the contrary in this Agreement, the Company acknowledges and agrees
that Artal Luxembourg S.A. may transfer the shares of Series E Preferred Stock
and Warrants acquired by it under the Purchase Agreement to QuestMark Partners,
L.P. and/or any of its affiliates ("QuestMark") without restriction (other than
compliance with applicable securities laws), and that subsequent to such
transfer, QuestMark shall be deemed a Preferred Shareholder for all purposes
under this Agreement. At the time of the transfer, QuestMark shall deliver to
the Company a written instrument by which it agrees to be bound by the
obligations imposed under this Agreement, to the same extent as if it were a
Preferred Shareholder hereunder.
(c) The parties acknowledge and agree that in the event of any
breach of this Agreement, remedies at law will be inadequate, and each of the
parties hereto shall be entitled to specific performance of the obligations of
the other parties hereto and to such appropriate injunctive relief as may be
granted by a court of competent jurisdiction.
(d) This Agreement may be executed in a number of
counterparts, all of which together shall for all purposes constitute one
Agreement, binding on all the parties hereto, notwithstanding that all such
parties have not signed the same counterpart.
[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date and year first above written.
ASPECT MEDICAL SYSTEMS, INC.
By:/s/Xxxxxx X. Xxxxxxx
----------------------------------------
Xxxxxx X. Xxxxxxx
President
ARTAL LUXEMBOURG S.A.
By:/s/Xxxx X. Komler
----------------------------------------
Name: Xxxx X. Komler
Title: Managing Director
BENEFIT CAPITAL MANAGEMENT
CORPORATION, as Investment Manager of
the Prudential Insurance Company of America
Separate Account #VCA-GA-5298
By:/s/Xxx XxXxxxx
----------------------------------------
Name: Xxx XxXxxxx
Title: Sr. VP & CFO
HLB/CB Fund, L.P.
By:/s/Xxxxx X. Xxxxxxx Xx.
----------------------------------------
Name: Xxxxx X. Xxxxxxx Xx.
Title: General Partner
XXXXX CAPITAL PARTNERS
By:/s/J. Xxxxxx Xxxxx, Xx.
----------------------------------------
Name:
Title:
US DEVELOPMENT CAPITAL INVESTMENT
COMPANY
By:/s/Xxxxxxx X. Xxxx
----------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Corporate Secretary
[Fourth Amended and Restated Voting Agreement]
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NEW VENTURE PARTNERS III, LIMITED
PARTNERSHIP
By: /s/Xxxxxx X. Xxxxx, Xx.
----------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
Title: General Partner
CITIVENTURE 96 PARTNERSHIP, L.P.
By: Chancellor LGT Asset Management, Inc.
as investment advisor
By:/s/Xxxx Xxxxxxxxxxxx
----------------------------------------
Name:
Title:
JULIET CHALLENGER, INC.
By:/s/Xxxxxx X. XxXxxxxxx
----------------------------------------
Name: Xxxxxx X. XxXxxxxxx
Title: Vice President
ORCHID & CO., nominee for
X. Xxxx Price Threshold Fund III, L.P.
By:X. Xxxx Price Threshold Fund Associates, Inc.
General Partner
By:/s/Xxxxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx
Title: Vice President
LANDMARK VENTURE CAPITAL
PARTNERS, LIMITED PARTNERSHIP
By:/s/Xxxxxx X. Xxxxx, Xx.
----------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
Title: General Partner
/s/Xxxxx Xxxxx
------------------------------------------
Xxxxx Xxxxx
/s/Xxxxxxx Xxxxxx
------------------------------------------
Xxxxxxx Xxxxxx
[Fourth Amended and Restated Voting Agreement]
8
/s/X. X. Xxxxxxxxxxxx
------------------------------------------
Xxxxx X. Xxxxxxx, Xxxxx Xxxxxxxx Xxxxxxx and
X. X. Xxxxxxxxxxxx, Trustees of the Xxxxx X.
Xxxxxxx Trust U/A dated 11/18/85
VENHILL LIMITED PARTNERSHIP
By:/s/Xxxxxx X. Xxxxxxx
------------------------------------------
Name:
Title: General Partner
CHANCELLOR LGT PRIVATE CAPITAL
PARTNERS III, L.P.
By: CPCP Associates, L.P., its general partner
By: Chancellor LGT Venture Partners, Inc.,
its general partner
By:/s/Xxxx Xxxxxxxxxxxx
------------------------------------------
Name:
Title:
/s/Xxxxx X. Xxxxx
------------------------------------------
Xxxxx X. Xxxxx
HIGHLAND CAPITAL PARTNERS II,
LIMITED PARTNERSHIP
By: Highland Management Partners II
Limited Partnership, its General
Partner
By:/s/Xxxxxxxx X. Xxxxxxxxx
------------------------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: GP
[Fourth Amended and Restated Voting Agreement]
9
XXXXXXX RIVER PARTNERSHIP VII,
LIMITED PARTNERSHIP
By:/s/Xxxxxxx X. Xxxxxx, Xx.
------------------------------------------
Name: Xxxxxxx X. Xxxxxx, Xx.
Title: General Partner
POLARIS VENTURE PARTNERS, L.P.
By: Polaris Venture Management Co., LLC
Its General Partner
By:/s/Xxxxxxxx XxXxxxx
------------------------------------------
Member
/s/X. X. Xxxxxxxxxxxx /s/X. X. Xxxxxx
------------------------------------------
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Xxxxxx
Xxxxxxxx Xxxxxxx
/s/X. X. Xxxxxxxxxxxx /s/X. X. Xxxxxx
------------------------------------------
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Xxxxx X.
Xxxxxxx, Xx.
/s/X. X. Xxxxxxxxxxxx /s/X. X. Xxxxxx
------------------------------------------
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Juliet Xxx
Xxxxxxx
/s/X. X. Xxxxxxxxxxxx /s/X.X. Xxxxxx
------------------------------------------
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Xxxxxxx
Xxxxxxx Xxxxxxx
/s/Xxxx Xx Xxxxxx
------------------------------------------
Xxxx Xx Xxxxxx
[Fourth Amended and Restated Voting Agreement]
10
/s/Xxxxxxxx X. Xxxxxxx
------------------------------------------
Xxxxxxxx X. Xxxxxxx
ONE LIBERTY FUND III, L.P.
By: One Liberty Partners III, L.P.,
Its General Partner
By: /s/Xxxxx X. Xxxxx, Xx.
------------------------------------------
Xxxxx X. Xxxxx, Xx.
General Partner
/s/Xxxxxxx X. Xxxxxxxxx
------------------------------------------
Xxxxxxx X. Xxxxxxxxx
/s/Xxxxx X. Xxxxxx
------------------------------------------
Xxxxx X. Xxxxxx
GENSTAR INVESTMENT CORPORATION
By:/s/Xxxxxxx X. Xxxxxxxx
------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Executive Vice President
/s/Xxxxxxxxx X. Xxxxxxxx
------------------------------------------
Xxxxxxxxx X. Xxxxxxxx
/s/Xxxxxxxx X. Xxxxx
------------------------------------------
Xxxxxxxx X. Xxxxx
/s/Xxxxxx X. Xxxxx
------------------------------------------
Xxxxxx X. Xxxxx and/or Xxxxx Xxxxx Xxxxx
Trustees or Successor Trustees under The
Xxxxx Trust U/A/D 10/05/88
[Fourth Amended and Restated Voting Agreement]
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POLARIS VENTURE PARTNERS
FOUNDERS' FUND, L.P.
By: Polaris Venture Management Co., LLC
Its General Partner
By:/s/Xxxxxxxx XxXxxxx
------------------------------------------
Member
/s/Xxxxxx X. Xxxxxxx
------------------------------------------
Xxxxxx X. Xxxxxxx
ABS EMPLOYEE VENTURE FUND LIMITED
PARTNERSHIP
By:/s/Xxxxxxxx-Xxxx X. Xxxxxxx
------------------------------------------
Name: Xxxxxxxx-Xxxx X. Xxxxxxx
Title: VP of Xxxx Xxxxx Investments,
GP of the Partnership
SECOND CENTURY GROWTH DEFERRED
COMPENSATION PLAN: Xxxxx Xxxxxxx, Inc.
By:/s/Xxxxx Xxxxxxx, Inc.
------------------------------------------
Name: Buzz Xxxxxx
Title:
THE XXXX XXXXXXXXX SCHOOL
ENDOWMENT FUND
By:/s/Xxxxx Xxxxxx
------------------------------------------
Name:
Title:
/s/Xxxxxx Xxxxxx
------------------------------------------
Xxxxxx Xxxxxx
/s/Xxxxxxx Xxxxxxx
------------------------------------------
Xxxxxxx Xxxxxxx
[Fourth Amended and Restated Voting Agreement]
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GILDE INTERNATIONAL B.V.
By: One Liberty Partners III, L.P.,
its Attorney-in-Fact
By: /s/ Xxxxx X. Xxxxx, Xx.
---------------------------------------
Title: General Partner
Xxxxxxxx Associates Fund, XXXXXXXX ASSOCIATES FUND
A California Limited Partnership
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Authorized Signatory
Xxxxxxxx Medical Partners, XXXXXXXX MEDICAL PARTNERS
A California Limited Partnership
By: Xxxxxxxx VI Investment Partners
By: Xxxxxxxx VI Investment
Partners, A California By: /s/ Xxxxxx X. Xxxxxx
Limited Partnership, Its ---------------------------------------
General Partner Name: Xxxxxx X. Xxxxxx
Title: Authorized Signatory
By: Xxxxxxxx VI Management
Partners, A California XXXXXXXX VI INVESTMENT PARTNERS
Limited Partnership,
General Partner of By: Xxxxxxxx VI Management Partners
Xxxxxxxx VI Investment
Partners By: /s/ Xxxxxx X. Xxxxxx
--------------------------------------
Xxxxxxxx VI Investment Partners, Name: Xxxxxx X. Xxxxxx
A California Limited Partnership Title: Authorized Signatory
By: Xxxxxxxx VI Management MERRILL, PICKARD, XXXXXXXX &
Partners, A California EYRE IV, LIMITED PARTNERSHIP
Limited Partnership, Its
General Partner By: MPAE IV Management Co., L.P.
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: General Partner
[Fourth Amended and Restated Voting Agreement]
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NEW ENTERPRISE ASSOCIATES IV,
LIMITED PARTNERSHIP
By: New Enterprise Associates IV, Limited
Partnership
By: NEA Partners IV, Limited
Partnership
By: /s/Xxxxx Xxxxxx
----------------------------
Xxxxx Xxxxxx
General Partner
HLM PARTNERS VII, L.P.
By:/s/Xxxxx X. Xxxxxxx Xx.
------------------------------------------
Name: Xxxxx X. Xxxxxxx Xx.
Title: General Partner
XXXXXX XXXX VENTURES, A CALIFORNIA
LIMITED PARTNERSHIP
By:/s/G. Xxxxxxx Xxxxx, Xx.
------------------------------------------
Name: G. Xxxxxxx Xxxxx, Xx.
Title: Managing Director of the General
Partner
TOW PARTNERS, A CALIFORNIA LIMITED
PARTNERSHIP
By:/s/Xxxx X. Xxxxxx
------------------------------------------
Name: Xxxx X. Xxxxxx
Title: General Partner
/s/Xxxxxxx X. Xxxxxxx, Xx.
------------------------------------------
Xxxxxxx X. Xxxxxxx, Xx., Trustee of the
Younger Living Trust
/s/Xxxx X. Xxxxxx
--------------------------------------------
Xxxx X. and Xxxxxx X. Xxxxxx, Trustees of
the Wythes Living Trust
[Fourth Amended and Restated Voting Agreement]
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/s/G. Xxxxxxx Xxxxx
------------------------------------------
G. Xxxxxxx Xxxxx
/s/Xxxxxxx X. Xxxxxxx Under Power of Attorney
------------------------------------------
Xxxxxx X. Xxxxxxx
/s/Xxxxxxx X. Xxxxxxx Under Power of Attorney
------------------------------------------
Xxxxx X. Xxxxxxx
/s/Xxxxx X. Xxxxxxxx
------------------------------------------
Xxxxx X. Xxxxxxxx
/s/Xxxxx Xxxx
------------------------------------------
Xxxxx Xxxx
/s/Xxxxxx Xxxxxxxxx
------------------------------------------
Xxxxxx Xxxxxxxxx
/s/Xxxxxxxx Xxxxxxx
------------------------------------------
Xxxxxxxx and Xxxx Xxxxxxx
H&D INVESTMENTS II
By: /s/Xxxx X. Xxxxxxxx
------------------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Partner
/s/X. Xxxxxxxxxxxx Eagle
------------------------------------------
X. Xxxxxxxxxxxx Eagle
--------------------------------------------
Xxxxx X. Xxxx
/s/J. Xxxx Xxxxxxxxx
------------------------------------------
J. Xxxx Xxxxxxxxx
/s/Xxxxxxx X. Xxxxxxx
------------------------------------------
Xxxxxxx X. Xxxxxxx
/s/Xxxxxx X. Xxxxxxx
------------------------------------------
Xxxxxx X. Xxxxxxx
[Fourth Amended and Restated Voting Agreement]
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THE XXXX CARDIOVASCULAR
RESEARCH FOUNDATION
By:/s/Xxxxx X. Xxxxxxxx
------------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Treasurer
/s/Xxxx X. Xxxxxx
------------------------------------------
Xxxx X. Xxxxxx
ZED INTERNATIONAL, INC.
By:
------------------------------------------
BAYVIEW INVESTORS, LTD.
By:/s/Xxxxx X. Xxxxx
------------------------------------------
Name: Xxxxx X. Xxxxx
Title: Authorized Signatory
INTERSTOCK ANSTALT
By:/s/Ernst Bloathlinger
------------------------------------------
Authorized Signatory
SVE STAR VENTURE ENTERPRISES NO. V,
A GERMAN CIVIL LAW PARTNERSHIP
(WITH LIMITATION OF LIABILITY)
By: SVM Star Ventures Management
gesellschaft mbH Nr. 3
By: /s/Xxxxxxx Xxxxxxxx
------------------------------------------
Authorized Signatory
[Fourth Amended and Restated Voting Agreement]
16
SVM STAR VENTURES
MANAGEMENTGESELLSCHAFT MBH NR.
3 & CO. BETEILIGUNGS KG
By: SVM Star Ventures Management
gesellschaft mbH Nr. 3
By: /s/Xxxxxxx Xxxxxxxx
--------------------------------
Authorized Signatory
/s/Xxxxxxx Xxxxxx /s/Xxxxx Xxxxxx
------------------------------------------
Xxxxxxx and Xxxxx Xxxxxx
AENEAS VENTURE CORPORATION
By:/s/Xxxxxxx X. Xxxxxxxx
------------------------------------------
Authorized Signatory
CATALYST VENTURES, LIMITED
PARTNERSHIP
By: New Enterprise Associates IV, Limited
Partnership
By: NEA Partners IV, Limited
Partnership
By:/s/Xxxxx X. Xxxxxx
------------------------------
Name:
Title:
XXXXX FARGO BANK, TRUSTEE SHV
M/P/T FBO XXXXX X. XXXXXXXX
By:/s/Xxxxx X. Xxxxxx /s/Xxxxxxx X. Xxxxxx
------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trust Officer
[Fourth Amended and Restated Voting Agreement]
17
XXXXX FARGO BANK, TRUSTEE SHV
M/P/T FBO XXXXX XXXX
By:/s/Xxxxx X. Xxxxxx /s/Xxxxxxx X. Xxxxxx
------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trust Officer
/s/Xxxxxxx X. Xxxxxxx, Xx.
------------------------------------------
Xxxxxxx X. Xxxxxxx, Xx.
THE XXXXXXX RESEARCH FOUNDATION
By:/s/Xxxxxxxx Xxxxxxx
------------------------------------------
Name:
Title:
FISHERS ISLAND PARTNERS
By: /s/Xxxxxx Saint-Xxxxx, MD
------------------------------------------
Name:
Title: Managing Partner of
Xxxxxx Island Partners
/s/Xxxxxx X. Xxxxxxx
--------------------------------------------
Xxxxxx X. Xxxxxxx
--------------------------------------------
Ziad and Xxxx Xxxxxxx
/s/Xxxxxx Xxxxxx as Custodian for Xxxxxxx
Xxxxxxx Xxxxxx
--------------------------------------------
Xxxxxx Xxxxxx as Custodian for Xxxxxxx
Xxxxxxx Xxxxxx
--------------------------------------------
Xxxxxx X. Xxxxx, M.D.
--------------------------------------------
Xxxxxxx X. Xxxxx
/s/Xxxx Xxx Young
--------------------------------------------
Xxxx Xxx Xxxxx
/s/Xxxxxx Xxxxxxx
--------------------------------------------
Xxxxxx Xxxxxxx
[Fourth Amended and Restated Voting Agreement]
18
--------------------------------------------
Xxxx X. Rohrbasser
--------------------------------------------
Xxxxxxxx Xxxx
/s/Xxxxxxx X. Xxxxxxx
--------------------------------------------
Xxxxxxx X. Xxxxxxx
/s/Xxxxxxx X. Xxxx
--------------------------------------------
Xxxxxxx X. Xxxx
/s/Xxxxxx X. Xxxx
--------------------------------------------
Xxxxxx X. Xxxx
/s/Xxxxxx X. Xxxxx
--------------------------------------------
Xxxxxx X. Xxxxx
NEW VENTURE PARTNERS IV, LIMITED
PARTNERSHIP
By:/s/Xxxxxx X. Xxxxx, Xx.
--------------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
Title: Gerneral Partner
[Fourth Amended and Restated Voting Agreement]
19
SCHEDULE I
PREFERRED SHAREHOLDERS
Artal Luxembourg S.A.
Attn: Xxxx X. Xxxxxx
000, Xxxxx-Xxx
X-0000 Xxxxxxxxxx
Benefit Capital Management Corporation
as Investment Manager for the Prudential
Insurance Company of America
Separate Account Number VCA-GA-5298
c/o Xxxxx XxXxxxx
00 Xxx Xxxxxxxxx Xxxx
Xxxxxxx, XX 00000
HLB/CB Fund, L.P.
HLM Management Company
c/o Xxxxx Xxxx
000 Xxxxxxxx Xxxxxx, #0000
Xxxxxx, XX 00000
Xxxxx Capital Partners, a division of
Xxxxx National Corporation
c/o J. Xxxxxx Xxxxx, Xx.
000 00xx Xxxxxx, X.X.
Xxxxxxxxxx, XX 00000
XX Development Capital Investment
Company
x/x Xxxxxxx X. Xxxx
Xxxxx, Xxxx, Xxxxx, and Xxxxx, LLP
000 Xxxxxxxxx Xxxx Xxxxxx, Xxxxx 000
0000 Xxxxxxxxx Xxxx, X.X.
Xxxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
00
Xxxxx X. Xxxxxxx, Xxxxx Xxxxxxxx Xxxxxxx
and X. X. Xxxxxxxxxxxx, Trustees of the
Xxxxx X. Xxxxxxx Trust U/A dated
11/18/85
0000 Xxxxx Xxxxxxxx
Xxxxxxxxxx, XX 00000
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx, X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Juliet Trustees U/A/T dated 8/28/68 for
Xxx Xxxxxxx Xxxxxx Xxxxxxxx Xxxxxxx
0000 Xxxxx Xxxxxxxx 0000 Xxxxx Xxxxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx, X. X. Xxxxxxxxxxxx and Xxxxxx X. Xxxxxx,
Trustees U/A/T dated 8/28/68 for Trustees U/A/T dated 8/28/68 for
Xxxxxxx Xxxxxxx Xxxxxxx Xxxxx X. Xxxxxxx, Xx.
1800 Xxxxx Building 0000 Xxxxx Xxxxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
Venhill Limited Partnership Juliet Challenger, Inc.
c/o Xxxxxx X. Xxxxxxx 000 Xxxxxx Xxxxxx, Xxxxx 000
Autotrol Technology Xxxxxxxxxx, XX 00000
00000 X. Xxxxxxxxxx Xxxxxx Attn: Xxxxxx XxXxxxxxx
Xxxxxx, XX 00000-0000
with copy to:
Xxxxx Xxxxx
Taconic Group, Inc.
000 Xxxx Xxxxxx
Xxx Xxxxxx, XX 00000
ABS Employees' Venture Fund Limited Second Century Growth Deferred
Partnership Compensation Plan: Xxxxx Xxxxxxx, Inc.
c/o Xxx Xxxxxx c/o Buzz Xxxxxx
000 Xxxx Xxxxxxx Xx. 000 Xxxxx 0xx Xx., 00xx Xxxxx
Xxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
21
The Xxxx Xxxxxxxxx School Endowment Xxxxxx Afeyen
Fund c/o PerSeptive Biosystems
c/o Xxxxx Xxxxxx 000 Xxx Xxxxxxxxxxx Xxxx
000 Xxxxx Xxxxx Xxxx Xxxxxxxxxx, XX 00000
Xx. Xxxxx, XX 00000
Xxxxxxx Xxxxxxx Xxxxxxx Xxxxxx
c/o Exact Laboratories, Inc. 000 Xxxxxxxxx Xxxxx
00 Xxxxx Xxxx Xxxxxxxx, XX 00000
Xxxxxxx, XX 00000
Polaris Venture Partners, L.P. Landmark Ventures, Limited Partnership
Bay Colony Corporate Center 0000 Xx. Xxxx Xxxxxx
0000 Xxxxxx Xxxxxx, Xxxxx 0000 Xxxxxxxxx, XX 00000
Xxxxxxx, XX 00000
Polaris Venture Partners Founders' Fund, Aeneas Venture Corporation
L.P. x/x Xxxxxxx Xxxxxxxxxx
Xxx Xxxxxx Xxxxxxxxx Center Company, Inc.
0000 Xxxxxx Xxxxxx, Xxxxx 0000 000 Xxxxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxx, XX 00000
One Liberty Fund III, L.P. Xxxxxxx X. Xxxxxxx, Xx.
One Liberty Square c/o Sutter Xxxx Ventures
Xxxxxx, XX 00000 000 Xxxx Xxxx Xxxx
Xxxxx X 000
Xxxx Xxxx, XX 00000
Gilde International B.V. Genstar Investment Corporation
x/x Xxx Xxxxxxx Xxxxx Xxxxx, Xxxxx 0000
Partners III, L.P. Xxxxxx Xxxx, XX 00000
One Liberty Square Attn: Xx. X. X. Xxxxxxxx
Xxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
22
Xxxxxxx River Partnership VII, Xxxxx Fargo Bank, Trustee
Limited Partnership SHV M/P/T FBO Xxxxx X. Xxxxxxxx
Ten Post Office Square, Attn: Xxxxx Xxxxxx
Suite 1330 MAC #0101-021
Xxxxxx, XX 00000 000 Xxxxxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
New Enterprise Associates IV, Xxxxx Fargo Bank, Trustee
Limited Partnership SHV M/P/T FBO Xxxxx Xxxx
0000 Xx. Xxxx Xxxxxx Attn: Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000 MAC #0101-021
000 Xxxxxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
New Venture Partners III, Limited Catalyst Ventures, Limited
Partnership Partnership
0000 Xx. Xxxx Xxxxxx 0000 Xx. Xxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
Highland Capital Partners II, The Xxxxxxx Research Foundation
Limited Partnership Xx. Xxxxxxxx X. Xxxxxxx
One International Place Professor of Anesthesia
Xxxxxx, XX 00000 University of Utah
Medical School
Department of Anesthesia
00 Xxxxx Xxxxxxx Xxxxx
Xxxx Xxxx Xxxx, Xxxx 00000
Xxxxxxxx Associates Xxxxxx X. Xxxxxxx
0000 Xxxx Xxxx Xxxx 00 Xxxxx Xxxx
Xxxxx Xxxx, XX 00000 W. Xxxxxxx, XX 00000
Xxxxxxxx Medical Partners Ziad and Xxxx Xxxxxxx
0000 Xxxx Xxxx Xxxx 000X Xxxxx Xxxxxx
Xxxxx Xxxx, XX 00000 Xxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
23
Xxxxxxxx VI Xxxxxxx X. Xxxx
0000 Xxxx Xxxx Xxxx 00 Xxxxxxxxx Xxxx
Xxxxx Xxxx, XX 00000 Xxxxxxxxx, XX 00000
Xxxxxx Xxxx Ventures, Xxxx Xx Xxxxxx
a California Limited Upstar Consulting
Partnership 00000 Xxxxxxxx Xxxx
x/x Xxxxxx Xxxx Xxxxxxxx Xxx Xxxxx, XX 00000
000 Xxxx Xxxx Xxxx
Xxxxx X 000
Xxxx Xxxx, XX 00000
Tow Partners, a California Xxxxxx Xxxxxx as Custodian for
Limited Partnership Xxxxxxx Xxxxxxx Xxxxxx
x/x Xxxxxx Xxxx Xxxxxxxx 00 Xxxxxxxxxx Xxxx
000 Xxxx Xxxx Xxxx Xxxxxxxxx, XX 00000
Suite A 200
Xxxx Xxxx, XX 00000
Xxxx X. and Xxxxxx X. Xxxxxx, Xxxxxx X. Xxxxx, M.D.
Trustees of the Wythes Living Trust 0 Xxxxx Xxxxxx
c/o Sutter Xxxx Ventures Xxxxxxxx Xxxx, XX 00000
000 Xxxx Xxxx Xxxx
Xxxxx X 000
Xxxx Xxxx, XX 00000
G. Xxxxxxx Xxxxx, Xx. Xxxxx X. Xxxxx
c/o Sutter Xxxx Ventures 00 Xxxxx Xxxxxx
000 Xxxx Xxxx Xxxx Xxxxxxxxx, XX 00000
Suite A 200
Xxxx Xxxx, XX 00000
Xxxxxxx X. Xxxxxxx, Xx., Xxxx Xxx Xxxxx
Trustee of the Younger Living Trust 000 Xxxxxx Xxxxxx
x/x Xxxxxx Xxxx Xxxxxxxx Xxx Xxxxx, XX 00000
000 Xxxx Xxxx Xxxx
Xxxxx X 000
Xxxx Xxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
24
Xxxxx Xxxx Zed International, Inc.
c/x Xxxxxx Hill Ventures c/o Xxxxxx X. Xxxxxxxxx
755 Page Mill Road BankBoston, N.A.
Suite A 200 01-05-03
Palo Xxxx, Xx 00000 X.X. Xxx 0000
Xxxxxx, XX 00000
Xxxxx X. Xxxxxxxx Xxxxxxxx X. Xxxxxxx &
c/x Xxxxxx Xxxx Ventures Xxxx X. Xxxxxxx
000 Xxxx Xxxx Xxxx 0000 Xxx Xxxxxxx
Xxxxx X 000 Xxxx Xxxx Xxxx, Xxxx 00000
Xxxx Xxxx, Xx 00000
Xxxxx X. Xxxxxxx The Xxxx Cardiovascular Fdn.
c/o Sutter Xxxx Ventures Xxxxxx Xxxx, Treasurer
000 Xxxx Xxxx Xxxx 000 Xxxxxx Xxxx
Xxxxx X 000 Xxxxxxxx Xxxx, XX 00000
Xxxx Xxxx, Xx 00000
Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxx
x/x Xxxxxx Xxxx Xxxxxxxx 0 Xxx Xxxxxx'x Xxx
000 Xxxx Xxxx Xxxx Xxxxx, XX 00000
Suite A 200
Xxxx Xxxx, Xx 00000
Genstar Investment Corporation J. Xxxx Xxxxxxxxx
Xxxxx Xxxxx # 0000 00 Xxxxx Xxxxx Xxxx
000 Xxxxx Xxxx X. Xxxxxxxxx, XX 00000
Xxxxxx Xxxx, XX 00000-0000
Merrill, Pickard, Xxxxxxxx & X. Xxxxxxxxxxxx Eagle
Eyre IV Limited Partnership Box 1197
0000 Xxxxxx Xxxxxx Xxxxxxxxxxxx, XX 00000
Suite 1080
Xxxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
25
H&D Investments II Xxxx Xxxxxx, MD
x/x Xxxx xxx Xxxx XXX 00 Xxxxxxx Xxxx
00 Xxxxx Xxxxxx Xxxxxxxxx, XX 00000
Xxxxxx, XX 00000
Xxxxxx Xxxxxxxxx Xxxxxxx X. Xxxxxxx, MD
0 Xxxxxx Xxxx 00 Xxxxx Xxxx Xxxx
Xxxxxxxxx Xxxxx, XX 00000 Xxxxxxx, XX 00000
Xxxxx Xxxxx, M.D. Interstock Anstalt fur Vermogens und
00 Xxxxx Xxxxxx Xxxxx Xxxxxxxxxx
Xxxxxxxxx, XX 00000 x/x Xxxxx Xxxxxxxxxxxx
Xxxxxxxxxxx 00
FL-9490 Vaduz
Liechtenstein
Xxxxx X. Xxxx Xxxxxxx & Xxxxx Xxxxxx
7 Fanueil Halll 0 Xxxxxxx Xxxx
Xxxxxx, XX 00000 Xxxxx, XX 00000
Xxxxxxx X. Xxxxxxx Bayview Investors, Limited
00 Xxxxxx Xxxxxx Xxxxxxxxx Xxxxxxxx & Xx.
Xxxxxxx, XX 00000 000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Xxxxxx X Xxxxxxx Xxxxxxxx X. Xxxxxxx
80 Rollingwood Land 0000 Xxxxxxx Xxxx X 000
Xxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
HLM Partners VII, L.P. Orchid & Co., nominee for
HLM Management X. Xxxx Price Threshold
c/o Xxxxx Xxxx Fund III, L.P.
000 Xxxxxxxx Xxxxxx, #0000 x/x Xxxxxxxx Xxxxxxx
Xxxxxx, XX 00000 X. Xxxx Price Assoc. Inc.
000 Xxxx Xxxxx
Xxxxxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
26
SVE Star Venture Enterprises Xxxxxx X. Xxxxxxx
No. V A German Civil Law c/o Aspect Medical Systems, Inc.
Partnership (with limitation of 2 Vision Drive
liability) Xxxxxx, XX 00000
c/o Xxxxxxx Xxxxxxxx
Star Venture Managment
Xxxxxxxxxx. 0
X-00000 Xxxxxx
Xxxxxxx
SVM StarVentures Chancellor LGT Private Capital Partners
Managementgesellschaft mbH Nr.3 III, L.P.
& Co. Beteilungs KG c/o Xxxx Xxxxxxxxxxxx
c/o Xxxxxxx Xxxxxxxx 1166 Avenue of the Americas
Star Venture Managment Xxx Xxxx, XX 00000
Xxxxxxxxxx. 0
X-00000 Xxxxxx
Xxxxxxx
Citiventure 96 Partnership, L.P. Fishers Island Partners
c/o Xxxx Xxxxxxxxxxxx c/o Xxxxxx Saint-Xxxxx, M.D.
1166 Avenue of the Americas 0 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxxxxxx X. Xxxxxxxxx Xxxxxxx X. Xxxxx
00 Xxxxxx Xxxxxx 00000 Xxxx Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000
Xxxxx X. Xxxxxx Xxxxxxxx Xxxxxx Xxxxx
00 Xxxxxxx Xxxx 000 Xxxxxx Xxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxx, XX 00000
Xxxxxx X. Xxxxxxx, M.D. Xxxxxxxx X. Xxxx
x/x Xxxx. xx Xxxxxxxxxx, Xx X-0000X c/o X. X. Xxxx & Co.
Stanford University Hospital 0 Xxxxxxx Xxxx
Xxxxxxxx, XX 00000 Xxxxxx, XX 00000
Nina Rohrbasser Xxxxxx X. Xxxxx
c/o X. X. Xxxx & Co. 0 Xxxxxxxxx Xxxx
0 Xxxxxxx Xxxx Xxxxxx, XX 00000
Xxxxxx, XX 00000
[Fourth Amended and Restated Voting Agreement]
27
Schedule II
ASPECT MEDICAL SYSTEMS, INC.
INSTRUMENT OF ACCESSION
The undersigned, ______________________, as a condition precedent to
becoming the owner or holder of record of _________________ ( ) shares of the
capital stock, of Aspect Medical Systems, Inc., a Delaware corporation (the
"Corporation"), hereby agrees to become a party to and bound by that certain
Fourth Amended and Restated Voting Agreement, dated as of December __, 1998, by
and among the Corporation and other shareholders of the Corporation. This
Instrument of Accession shall take effect and shall become an integral part of
the said Third Amended and Restated Voting Agreement immediately upon execution
and delivery to the Corporation of this Instrument.
IN WITNESS WHEREOF, this INSTRUMENT OF ACCESSION has been duly executed
by or on behalf of the undersigned, as a sealed instrument under the laws of the
Commonwealth of Massachusetts, as of the date below written.
Signature: __________________________
Print Name:___________________________
Date: _______________________
Address:_______________________________
_______________________________________
_______________________________________
Accepted by:
ASPECT MEDICAL SYSTEMS, INC.
By: ___________________________
Date: __________________________
[Fourth Amended and Restated Voting Agreement]
