Initial Public Offering (IPO): Registration Statement (General Form) — Form S-1
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-1 Ibeam Broadcasting Corporation Form S-1 90 449K
2: EX-3.1 Amended & Restated Cert. of Incorporation 18 70K
3: EX-3.2 Form of Amend. & Restated Certificate of Incorp. 5 20K
4: EX-3.3 By-Laws of the Registrant 15 53K
5: EX-3.4 Form of Amended & Restated By-Laws 26 120K
6: EX-4.2 Amended & Restated Investors Right Agreement 38 137K
7: EX-4.3 Series D Stock Purchase Warrant 11 46K
8: EX-4.4 Voting Agreement 10/14/99 23 62K
9: EX-4.5 Voting Agreement With Liberty Ib, Inc. 4 21K
10: EX-10.1 Form of Indemnification Agreement 9 43K
11: EX-10.3 1998 Stock Plan and Forms Thereunder 26 101K
12: EX-10.4 2000 Stock Plan and Forms Thereunder 18 75K
13: EX-10.5 2000 Employee Stock Purchase Plan 14 57K
14: EX-10.6 Director Option Plan 7 33K
15: EX-23.1 Consent of Pricewaterhousecoopers, LLP 1 7K
16: EX-27.1 Financial Data Schedule 2 9K
EX-4.3 — Series D Stock Purchase Warrant
| EX-4.3 | 1st Page of 11 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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EXHIBIT 4.3
NEITHER THIS WARRANT NOR ANY OF THE SECURITIES ISSUABLE UPON EXERCISE HEREOF
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY STATE SECURITIES LAW. NO TRANSFER OF THIS WARRANT OR
OF THE SECURITIES ISSUABLE UPON EXERCISE HEREOF SHALL BE VALID OR EFFECTIVE
UNLESS (A) SUCH TRANSFER IS MADE PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES
LAW, OR (B) THE HOLDER SHALL DELIVER TO THE COMPANY AN OPINION OF COUNSEL IN
FORM AND SUBSTANCE REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS
EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND OF ANY
APPLICABLE STATE SECURITIES LAW.
Warrant No. M-1 October 14, 1999
iBEAM BROADCASTING CORPORATION
SERIES D PREFERRED STOCK PURCHASE WARRANT
iBEAM Broadcasting Corporation, a Delaware corporation (the "Company"),
hereby grants to Microsoft Corporation, a Washington corporation ("Microsoft"),
or its permitted assigns or transferees (Microsoft and each such permitted
assignee or transferee being referred to herein as a "holder" and collectively
as the "holders") the right to purchase, at any time after the Exercise Date (as
defined below in Section 1.2) and from time to time on and after the date hereof
until the Expiration Date (as defined below), up to 218,120 fully paid and non-
assessable shares of Series D Preferred Stock of the Company, $.0001 par value
per share (the "Series D Preferred Stock"), on the terms and subject to the
conditions set forth below.
This Series D Preferred Stock Purchase Warrant (hereinafter, this
"Warrant") was originally issued on October 14, 1999 (the "Original Issue
Date"). This Warrant shall expire and be of no further force or effect on the
earlier to occur of (i) the date seven (7) years from the Original Issue Date
and (ii) the date four (4) years from the closing of an initial public offering
of the Company's Common Stock under the Securities Act (the "Expiration Date").
1. Exercise of Warrant.
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1.1 Exercise and Vesting. Subject to adjustment as hereinafter
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provided, the rights represented by this Warrant are exercisable on and after
the Exercise Date (as defined below in Section 1.2) until the Expiration Date,
at a price per share (the "Exercise Price") of the Series D Preferred Stock
issuable hereunder equal to $5.96. The Exercise Price shall be payable in cash,
by certified or official bank check as hereinafter provided or in accordance
with Section 1.2 below. This Warrant is fully vested. The shares purchasable
upon exercise of this Warrant, as adjusted from
time to time pursuant to the provisions of this Warrant, are hereinafter
referred to as the "Warrant Shares."
Upon surrender of this Warrant with a duly executed Notice of Exercise in
the form of Annex A hereto, together with payment, if applicable, of the
Exercise Price for the Warrant Shares purchased, at the Company's principal
executive offices presently located at 645 Almanor Avenue, Suite 100, Sunnyvale,
CA 94086, or at such other address as the Company shall have advised the holder
in writing (the "Designated Office"), the holder shall be entitled to receive a
certificate or certificates for the Warrant Shares so purchased. The Company
agrees that the Warrant Shares shall be deemed to have been issued to the holder
as of the close of business on the date on which this Warrant shall have been
surrendered together with the Notice of Exercise and payment, if applicable, for
such Warrant Shares.
1.2 Right to Convert.
----------------
(a) Subject to the provisions of Section 1.1, at any time or from
time on or prior to the Expiration Date, the holder of this Warrant shall also
have the right to convert this Warrant or any portion thereof (the "Conversion
Right"), without payment by the holder of this Warrant of the Exercise Price in
cash or any other consideration (other than the surrender of rights to receive
Warrant Shares hereunder), into Warrant Shares as provided in this Section 1.2.
Upon exercise of the Conversion Right with respect to a particular number of
Warrant Shares (the "Converted Warrant Shares"), the Company shall deliver to
the holder of this Warrant (without payment by the holder of this Warrant of the
Exercise Price in cash or any other consideration (other than the surrender of
rights to receive Warrant Shares hereunder)) that number of Warrant Shares equal
to the quotient obtained by dividing: (x) the difference between (i) the product
of (A) the Current Market Price of a Warrant Share multiplied by (B) the number
of Converted Warrant Shares and (ii) the product of (A) the Exercise Price
multiplied by (B) the number of the Converted Warrant Shares, in each case as of
the Conversion Date (as defined by Section 1.2(b)), by (y) the Current Market
Price of a Warrant Share on the Conversion Date. No fractional Warrant Shares
shall be issuable upon exercise of the Conversion Right, and if the number of
Warrant Shares to be issued determined in accordance with the following formula
is other than a whole number, the Company shall pay to the holder of this
Warrant an amount in cash equal to the Current Market Price of the resulting
fractional Warrant Share on the Conversion Date.
(b) The Conversion Right may be exercised by the holder of this
Warrant by the surrender of this Warrant as provided in Section 1.1, together
with a written statement specifying that the holder of this Warrant thereby
intends to exercise the Conversion Right and indicating the number of Converted
Warrant Shares which are covered by the exercise of the Conversion Right. Such
conversion shall be effective upon receipt by the Corporation of this Warrant,
together with the aforesaid written statement, or on such later date as is
specified therein (the "Conversion Date"). The Corporation shall issue to the
holder of this Warrant as of the Conversion Date a certificate for the Warrant
Shares issuable upon exercise of the Conversion Right and, if applicable, a new
warrant of like tenor evidencing the balance of the Warrant Shares remaining
subject to this Warrant.
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(c) The term "Current Market Price" for a Warrant Share as of a
specified date shall mean: (i) if the exercise or conversion is in connection
with an initial public offering of the Common Stock, and if the Company's
registration statement relating to such offering has been declared effective by
the Securities and Exchange Commission, then the Current Market Price shall be
the initial "Price to Public" specified in the final prospectus with respect to
the offering, (ii) if the Common Stock is publicly traded on such date, the
average closing price per share over the preceding 10 trading days as reported
on the principal stock exchange or quotation system on which the Common Stock is
listed or quoted, or (iii) if the Common Stock is not publicly traded on such
date, the Current Market Price shall be the greater of the book value
(determined in accordance with GAAP) and the appraised value per Warrant Share
as of such date determined by an investment banking firm of recognized standing
selected by the Company and reasonably satisfactory to the holder hereof. Each
of the Company and Microsoft shall pay one-half of the fees and expenses of such
investment banking firm. In the event that the holder disputes such appraised
value, the holder shall be entitled to select an additional investment banking
firm of recognized standing and paid for by the holder to calculate the
appraised value and the Company and the holder shall use their good faith best
efforts to agree on the appraised value based on the reports of the two
investment banking firms. In the event that the Company and the holder are
still unable to reach agreement as to the appraised value, the Company and the
holder agree to submit such determination to binding arbitration.
2. Transfer; Issuance of Stock Certificates; Restrictive Legends.
-------------------------------------------------------------
2.1 Transfer. Except as expressly permitted in the following
--------
sentence, this Warrant and the rights hereunder are not transferable by the
holder hereof. Notwithstanding the foregoing, this Warrant may be assigned to
any entity controlled by or under common control with (as evidenced by ownership
of 50% or more of the outstanding voting stock or other interests of such
entity) Microsoft. Subject to compliance with the restrictions on transfer set
forth in this Section 2, each transfer of this Warrant and all rights hereunder,
in whole or in part, shall be registered on the books of the Company to be
maintained for such purpose, upon surrender of this Warrant at the Designated
Office, together with a written assignment of this Warrant in the form of Annex
B hereto duly executed by the holder or its agent or attorney. Upon such
surrender and delivery, the Company shall execute and deliver a new Warrant or
Warrants in the name of the assignee or assignees and in the denominations
specified in such instrument of assignment, and shall issue to the assignor a
new Warrant evidencing the portion of this Warrant not so assigned, if any. A
Warrant, if properly assigned in compliance with the provisions hereof, may be
exercised by the new holder for the purchase of Warrant Shares without having a
new Warrant issued. All Warrants issued upon any assignment of Warrants shall
be the valid obligations of the Company, evidencing the same rights, and
entitled to the same benefits as the Warrants surrendered upon such registration
of transfer or exchange.
2.2 Stock Certificates. Certificates for the Warrant Shares shall be
------------------
delivered to the holder within a reasonable time after the rights represented by
this Warrant shall have been exercised pursuant to Section 1, and a new Warrant
representing the share, shares or fraction of a share of Common Stock, if any,
with respect to which this Warrant shall not then have been exercised shall also
be issued to the holder within such time. The issuance of certificates for
Warrant Shares upon the exercise of this Warrant shall be made without charge to
the holder hereof
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including, without limitation, any tax that may be payable in respect thereof;
provided, however, that the Company shall not be required to pay any income tax
to which the holder hereof may be subject in connection with the issuance of
this Warrant or the Warrant Shares.
2.3 Restrictive Legends. (a) Except as otherwise provided in this
-------------------
Section 2, each certificate for Warrant Shares initially issued upon the
exercise of this Warrant, and each certificate for Warrant Shares issued to any
subsequent transferee of any such certificate, shall be stamped or otherwise
imprinted with a legend in substantially the following form:
THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY STATE SECURITIES LAW. NO TRANSFER OF
THE SHARES REPRESENTED BY THIS CERTIFICATE SHALL BE VALID OR
EFFECTIVE UNLESS (A) SUCH TRANSFER IS MADE PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND IN
COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, OR (B) THE
HOLDER SHALL DELIVER TO THE COMPANY AN OPINION OF COUNSEL IN FORM
AND SUBSTANCE REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH
PROPOSED TRANSFER IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS.
(b) Except as otherwise provided in this Section 2, each Warrant
shall be stamped or otherwise imprinted with a legend in substantially the
following form:
NEITHER THIS WARRANT NOR ANY OF THE SECURITIES ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAW. NO
TRANSFER OF THIS WARRANT OR OF THE SECURITIES ISSUABLE UPON EXERCISE
HEREOF SHALL BE VALID OR EFFECTIVE UNLESS (A) SUCH TRANSFER IS MADE
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAW, OR (B)
THE HOLDER SHALL DELIVER TO THE COMPANY AN OPINION OF COUNSEL IN FORM
AND SUBSTANCE REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER
IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
OF ANY APPLICABLE STATE SECURITIES LAW.
Notwithstanding the foregoing, the legend requirements of this Section 2.3 shall
terminate as to any particular Warrant or Warrant Share when the Company shall
have received from the holder thereof an opinion of counsel in form and
substance reasonably acceptable to the Company that such legend is not required
in order to ensure compliance with the Securities Act. Whenever the
restrictions imposed by this Section 2.3 shall terminate, the holder hereof or
of Warrant Shares, as the case may be, shall be entitled to receive from the
Company without cost to such holder a new Warrant or certificate for Warrant
Shares of like tenor, as the case may be, without such restrictive legend.
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3 Adjustment of Number of Shares; Exercise Price; Nature of Securities
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Issuable Upon Exercise of Warrants.
----------------------------------
3.1 Exercise Price; Adjustment of Number of Shares. The Exercise
----------------------------------------------
Price set forth in Section 1 hereof and the number of shares purchasable
hereunder shall be subject to adjustment from time to time as hereinafter
provided.
3.2 Redemption or Conversion of Preferred Stock. If all of the
-------------------------------------------
Series D Preferred Stock is redeemed or converted into shares of Common Stock,
then this Warrant shall automatically become exercisable for that number of
shares of Common Stock equal to the number of shares of Common Stock that would
have been received if this Warrant had been exercised in full and the shares of
Series D Preferred Stock received thereupon had been simultaneously converted
into shares of Common Stock immediately prior to such event, and the Exercise
Price shall be automatically adjusted to equal the number obtained by dividing
(i) the aggregate Purchase Price of the shares of Series D Preferred Stock for
which this Warrant was exercisable immediately prior to such redemption or
conversion, by (ii) the number of shares of Common Stock for which this Warrant
is exercisable immediately after such redemption or conversion.
3.3 Reorganization, Reclassification, Consolidation, Merger or Sale.
---------------------------------------------------------------
If any capital reorganization or reclassification of the capital stock of the
Company, or any consolidation or merger of the Company with another entity, or
the sale of all or substantially all of the Company's assets to another person
or entity (collectively referred to as a "Transaction") shall be effected in
such a way that holders of Series D Preferred Stock shall be entitled to receive
stock, securities, cash or assets with respect to or in exchange for Series D
Preferred Stock, then, as a condition of such Transaction, reasonable, lawful
and adequate provisions shall be made whereby the holder of this Warrant shall
thereafter have the right to purchase and receive upon the basis and upon the
terms and conditions specified in this Warrant, upon exercise of this Warrant
and in lieu of the Warrant Shares immediately theretofore purchasable and
receivable upon the exercise of the rights represented hereby, such number,
amount and like kind of shares of stock, securities, cash or assets as may be
issued or payable pursuant to the terms of the Transaction with respect to or in
exchange for the number of shares of Series D Preferred Stock immediately
theretofore purchasable and receivable upon the exercise of the rights
represented hereby as if such shares were outstanding immediately prior to the
Transaction, and in any such case appropriate provision shall be made with
respect to the rights and interest of the holders to the end that the provisions
hereof (including, without limitation, provisions for adjustments of the
Exercise Price and of the number of Warrant Shares purchasable and receivable
upon the exercise of this Warrant) shall thereafter be applicable, as nearly as
may be practicable, in relation to any shares of stock or securities thereafter
deliverable upon the exercise hereof.
3.4 Stock Splits, Stock Dividends and Reverse Stock Splits. In case
------------------------------------------------------
at any time the Company shall subdivide its outstanding shares of Series D
Preferred Stock into a greater number of shares, or shall declare and pay any
stock dividend with respect to its outstanding stock that has the effect of
increasing the number of outstanding shares of Series D Preferred Stock, the
Exercise Price in effect immediately prior to such subdivision or stock dividend
shall be proportionately reduced and the number of Warrant Shares purchasable
pursuant to this Warrant immediately prior to such subdivision or stock dividend
shall be proportionately increased, and
-5-
conversely, in case at any time the Company shall combine its outstanding shares
of Series D Preferred Stock into a smaller number of shares, the Exercise Price
in effect immediately prior to such combination shall be proportionately
increased and the number of Warrant Shares purchasable upon the exercise of this
Warrant immediately prior to such combination shall be proportionately reduced.
3.5 Company to Prevent Dilution. In case at any time or from time to
---------------------------
time conditions arise by reason of action taken by the Company which are not
adequately covered by this Section 3, and which might materially and adversely
affect the exercise rights of the holder hereof, unless the adjustment necessary
shall be agreed by the Company and the holder hereof, the Board of Directors of
the Company shall appoint a firm of independent certified public accountants of
national standing, reasonably acceptable to the holder, who at the Company's
expense shall give their opinion upon the adjustment necessary with respect to
the Exercise Price and the number of Warrant Shares purchasable upon exercise of
this Warrant, if any, so as to preserve, without dilution, the exercise rights
of the holder hereof. In the event that the holder disputes such adjustment,
the holder shall be entitled to select an additional firm of independent
certified public accountants of national standing and paid for by the holder to
calculate such adjustment and the Company and the holder shall use their good
faith best efforts to agree on such adjustment based on the reports of the two
accounting firms. In the event that the Company and the holder are still unable
to reach agreement as to such adjustment, the Company and the holder agree to
submit such determination to binding arbitration. Upon determination of such
adjustment, the Board of Directors shall forthwith make the adjustments
described therein.
3.6 Dissolution, Liquidation or Wind-Up. In case the Company shall,
-----------------------------------
at any time prior to the exercise of this Warrant, dissolve, liquidate or wind
up its affairs, the holder hereof shall be entitled, upon the exercise of this
Warrant, to receive, in lieu of the Warrant Shares which the holder would have
been entitled to receive, the same kind and amount of assets as would have been
issued, distributed or paid to such holder upon any such dissolution,
liquidation or winding up with respect to such Warrant Shares, had such holder
hereof been the holder of record of the Warrant Shares receivable upon the
exercise of this Warrant on the record date for the determination of those
persons entitled to receive any such liquidating distribution.
3.7 Accountant's Certificate. In each case of an adjustment in the
------------------------
Exercise Price, number of Warrant Shares or other stock, securities or property
receivable upon the exercise of this Warrant, the Company shall compute, and
upon the holder's request shall at the Company's expense cause independent
public accountants of recognized standing selected by the Company and reasonably
acceptable to the holder to certify such computation, such adjustment in
accordance with the terms of this Warrant and prepare a certificate setting
forth such adjustment and showing in detail the facts upon which such adjustment
is based, including a statement of (i) the number of shares of Common Stock of
each class outstanding or deemed to be outstanding, (ii) the adjusted Exercise
Price and (iii) the number of Warrant Shares issuable upon exercise of this
Warrant. The Company will forthwith mail a copy of each such certificate to the
holder hereof. In the event that the holder disputes such adjustment, the
holder shall be entitled to select an additional firm of independent certified
public accountants of national standing and paid for by the holder to certify
such adjustment and the Company and the holder shall use their good faith best
efforts to agree on such adjustment based on the reports of the two accounting
firms. In the event that the Company
-6-
and the holder are still unable to reach agreement as to such adjustment, the
Company and the holder agree to submit such determination to binding
arbitration. Upon determination of such adjustment, the Board of Directors shall
forthwith make the adjustments described therein.
3.8 Definition of Common Stock. As used in this Section 3, the term
--------------------------
"Common Stock" shall mean and include the Company's authorized common stock of
any class or classes and any securities convertible into or exchangeable for
such common stock.
4. Registration; Exchange and Replacement of Warrant; Reservation of
-----------------------------------------------------------------
Shares.
------
The Company shall keep at the Designated Office a register in which
the Company shall provide for the registration, transfer and exchange of this
Warrant. The Company shall not at any time, except upon the dissolution,
liquidation or winding-up of the Company, close such register so as to result in
preventing or delaying the exercise or transfer of this Warrant.
The Company may deem and treat the person in whose name this Warrant
is registered as the holder and owner hereof for all purposes and shall not be
affected by any notice to the contrary, until presentation of this Warrant for
registration or transfer as provided in this Section 5.
Upon receipt by the Company of evidence reasonably satisfactory to it
of the loss, theft, destruction or mutilation of this Warrant, and upon
surrender and cancellation of this Warrant, if mutilated, the Company will make
and deliver a new Warrant of like tenor, in lieu of this Warrant without
requiring the posting of any bond or the giving of any security.
The Company shall at all times reserve and keep available out of its
authorized shares of Series D Preferred Stock, solely for the purpose of
issuance upon the exercise of this Warrant, such number of shares of Series D
Preferred Stock as shall be issuable upon the exercise hereof and shall at all
times reserve and keep available out of its authorized shares of Common Stock, a
sufficient number of shares to provide for the issuance of Common Stock upon
conversion of the Warrant Shares. The Company covenants and agrees that, upon
exercise of this Warrant and payment of the Exercise Price therefor, if
applicable, all Warrant Shares issuable upon such exercise shall be duly and
validly issued, fully paid and non-assessable.
5. Registration Rights.
-------------------
The holder shall have the registration rights set forth in the Amended
and Restated Investors' Rights Agreement dated as of October 14, 1999 by and
among the Company and the investors listed on Schedule A thereto, as such
agreement may be heretofore amended, with respect to the Common Stock issuable
upon the exchange or conversion of the Warrant Shares.
6. Notices.
-------
All notices, requests, consents and other communications hereunder
shall be in writing and shall be deemed to have been duly made when delivered
personally, or mailed by registered or certified mail, return receipt requested,
or telecopied or telexed and confirmed in writing and delivered personally or
mailed by registered or certified mail, return receipt requested:
-7-
(a) If to the holder of this Warrant, to the address of such
holder as shown on the books of the Company; or
(b) If to the Company, to the address set forth in Section 1 of
this Warrant;
or at such other address as the holder or the Company may hereafter have advised
the other.
7. No Rights as Stockholders.
-------------------------
This Warrant does not entitle the holder to any voting rights or other
rights as a stockholder of the Company prior to the exercise thereof.
8. Successors.
----------
All the covenants, agreements, representations and warranties
contained in this Warrant shall bind the parties hereto and their respective
heirs, executors, administrators, distributees, successors, assigns and
transferees.
9. Law Governing.
-------------
This Warrant shall be construed and enforced in accordance with, and
governed by, the laws of the State of Washington (not including the choice of
law rules thereof) regardless of the jurisdiction of creation or domicile of the
Company or its successors or of the holder at any time hereof.
10. Entire Agreement; Amendments and Waivers.
----------------------------------------
This Warrant sets forth the entire understanding of the parties with
respect to the transactions contemplated hereby. The failure of any party to
seek redress for the violation or to insist upon the strict performance of any
term of this Warrant shall not constitute a waiver of such term and such party
shall be entitled to enforce such term without regard to such forbearance. This
Warrant may be amended, and any breach of or compliance with any covenant,
agreement, warranty or representation may be waived, only if the Company has
obtained the written consent or written waiver of the holder, and then such
consent or waiver shall be effective only in the specific instance and for the
specific purpose for which given.
11. Severability; Headings.
----------------------
If any term of this Warrant as applied to any person or to any
circumstance is prohibited, void, invalid or unenforceable in any jurisdiction,
such term shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or invalidity without in any way affecting any other term of this
Warrant or affecting the validity or enforceability of this Warrant or of such
provision in any other jurisdiction. The Section headings in this Warrant have
been inserted for purposes of convenience only and shall have no substantive
effect.
[remainder of page intentionally blank]
-8-
IN WITNESS WHEREOF, the Company has caused this Warrant to be duly
executed as of the date first written above.
iBEAM BROADCASTING CORPORATION
By:________________________________
Name:
Title:
Accepted and agreed:
MICROSOFT CORPORATION
By:_______________________________
Gregory B. Maffei
Senior Vice President, and
Chief Financial Officer
-9-
ANNEX A
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NOTICE OF EXERCISE
(To be executed upon partial or full
exercise of the within Warrant)
The undersigned hereby irrevocably elects to exercise the right to
purchase ___________ shares of Series D Preferred Stock of iBEAM Broadcasting
Corporation covered by the within Warrant according to the conditions hereof and
herewith makes payment of the Exercise Price of such shares in full in the
amount of $____________________.
By: ___________________________________
(Signature of Registered Holder)
Dated:_______________
ANNEX B
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ASSIGNMENT FORM
FOR VALUE RECEIVED the undersigned registered owner of this Warrant
hereby sells, assigns and transfers unto the Assignee named below all of the
rights of the under-signed under this Warrant, with respect to the number of
shares of Series D Preferred Stock set forth below:
No. of Shares of
Name and Address of Assignee Common Stock
---------------------------- ------------
and does hereby irrevocably constitute and appoint ________ _____________
attorney-in-fact to register such transfer onto the books of iBEAM Broadcasting
Corporation maintained for the purpose, with full power of substitution in the
premises.
Dated:___________________________ Print Name:______________________
Signature:_______________________
Witness:_________________________
NOTICE: The signature on this assignment must correspond with the name as
written upon the face of this Warrant in every particular, without
alteration or enlargement or any change whatsoever.
Dates Referenced Herein
| Referenced-On Page |
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| This ‘S-1’ Filing | | Date | | First | | Last | | | Other Filings |
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| |  |
| Filed on: | | 2/1/00 | | | | | | | None on these Dates |
| | 10/14/99 | | 1 | | 7 |
| List all Filings |
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