Exhibit 4.2
AMENDMENT TO THE AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
This Amendment (this Amendment) to that Amended and Restated Investors Rights Agreement dated July 11, 2023 (the IRA) made by and among Lendbuzz Inc., a Delaware corporation (the Company), the investors listed on Schedule A attached hereto (the Investors) and the stockholders listed on Schedule B attached hereto (the Key Holders, and together with the Company and the Investors, the Parties), is entered into as of August 15, 2023 (the Effective Date) by and among the Parties to the IRA.
W I T N E S S E T H
WHEREAS, certain Parties to the IRA have entered into the IRA on July 11, 2023; and
WHEREAS, the Company and certain of the Investors are parties to the Series D-1 Preferred Stock Purchase Agreement, as amended on the date hereof (the Purchase Agreement), pursuant to which certain of the Investors have agreed to purchase shares of the Series D-1 Preferred Stock, par value $0.001 per share (the Series D-1 Preferred Stock) and of the Series D-1A Preferred Stock, par value $0.001 per share (the Series D-1A Preferred Stock); and
WHEREAS, the Key Holders and the Company desire to further induce certain of the Investors to purchase the Series D-1 Preferred Stock and Series D-1A Preferred Stock under the Purchase Agreement; and
WHEREAS, the Company and the Parties to the IRA constituting the Preferred Majority wish to further amend, and modify certain terms of the IRA in accordance with Section 6.6 to the IRA;
NOW THEREFORE, in consideration of the mutual promises and undertakings as stipulated herein and therein the Parties to the IRA have agreed as follows:
1. | Interpretation. Capitalized terms contained herein shall have the same meaning ascribed to them in the IRA unless a different meaning is expressly ascribed to such term herein. |
2. | Section 1 of the IRA shall be amended as follows: |
2.1. | The definition of Preferred Stock shall be replaced in its entirety to read as follows: |
Preferred Stock means, collectively, shares of the Companys Series A Preferred Stock,
Series B Preferred Stock, Series C Preferred Stock, Series C-2 Preferred Stock, Series C-2A Preferred Stock, Series D-A Preferred
Stock, Series D Preferred Stock, andSeries D-1 Preferred
Stock and Series D-1A Preferred Stock.
2.2. | The following definition shall be added: |
Series D-1A Preferred Stock means Preferred D-1A Stock par value $0.001 per share.
3. | Section 4.1(d) of the IRA shall be replaced in its entirety, to read as follows: |
(d) | The right of first offer in this Subsection 4.1 shall not be applicable to (i) Exempted Securities (as defined in the Companys Certificate of Incorporation); (ii) shares of Common Stock issued in the IPO; and (iii) the issuance of shares of Series D-1 Preferred Stock and Series D-1A Preferred Stock to Additional Purchasers pursuant to Section 1.1(c) of the Purchase Agreement. |
4. | Except as amended herein, all other provisions of the IRA shall remain in full force and effect. |
5. | This Amendment shall enter into effect immediately following the Effective Date and shall be deemed an integral and inseparable part of the IRA and the IRA shall be qualified by, and read together with, this Amendment. |
6. | This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which together shall constitute one and the same instrument. |
[Remainder of Page was Intentionally Left Blank; Signature Pages Follow]
[Lendbuzz Amendment to Amended and Restated Investors Rights Agreement]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
COMPANY: | ||
LENDBUZZ INC. | ||
By: | /s/ Amitay Kalmar | |
Amitay Kalmar | ||
Name: |
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(print) | ||
Title: | CEO | |
Address: |
| |
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS: | ||
Delaware Life Insurance Company | ||
By: | /s/ James F. Alban | |
Name: | James F. Alban | |
Title: | Authorized Signer |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
[Lendbuzz Amendment to Amended and Restated Investors Rights Agreement]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
INVESTORS:
MUFG INNOVATION PARTNERS NO. 1 INVESTMENT PARTNERSHIP
Acting through its General Partner
MUFG Innovation Partners Co., Ltd.
By: | /s/ Nobutake Suzuki | |
Name: | Nobutake Suzuki | |
Title: | President and CEO, MUFG Innovation Part |
MUFG INNOVATION PARTNERS NO. 2 INVESTMENT PARTNERSHIP
Acting through its General Partner
MUFG Innovation Partners Co., Ltd.
By: | /s/ Nobutake Suzuki | |
Name: | Nobutake Suzuki | |
Title: | President and CEO, MUFG Innovation Part |
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS:
ITHAN CREEK MASTER INVESTORS (CAYMAN) L.P.
By: Wellington Management Company LLP, as investment adviser
By: | /s/ Peter N. McIsaac | |
Name: | Peter N. McIsaac | |
Title: | Managing Director & Counsel |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS: | ||
OG TECH VENTURES INTERNATIONAL LTD. | ||
By: | /s/ Lorraine Davidson | |
Name: | LORRAINE DAVIDSON | |
Title: | DIRECTOR |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
[Lendbuzz Amendment to Amended and Restated Investors Rights Agreement]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
INVESTORS: | ||
83NORTH IV LIMITED PARTNERSHIP | ||
By: | 83 North IV G.P. L.P, its general partner | |
By: | 83 North Manager IV, Ltd., its ultimate general partner | |
By: | 83 North 2017 Ltd. | |
By: | /s/ Simona Cohen /s/ Laurel Bowden | |
Name: | Simona Cohen Laurel Bowden | |
Title: | CFO Partner | |
83NORTH FXV IV LIMITED PARTNERSHIP | ||
By: | 83North FXV III G.P. L.P, its general partner | |
By: | 83North FXV Manager, Ltd., its ultimate general partner | |
By: | /s/ Simona Cohen /s/ Laurel Bowden | |
Name: | Simona Cohen Laurel Bowden | |
Title: | CFO Partner | |
83NORTH VII LIMITED PARTNERSHIP | ||
By: | 83North FXV III GP. L.P, its general partner | |
By: | 83North FXV Manager, Ltd., its ultimate general partner | |
By: | /s/ Simona Cohen /s/ Laurel Bowden | |
Name: | Simona Cohen Laurel Bowden | |
Title: | CFO Partner |
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS: | ||
ARKIN COMMUNICATIONS LTD. | ||
By: | /s/ Nir Arkin | |
Name: | Nir Arkin | |
Title: | Ceo | |
/s/ Nir Arkin | ||
NIR ARKIN |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS:
KRELL PORTFOLIO ENTERPRISE L.P | ||
By: | /s/ David Krell | |
Name: | David Krell | |
Title: | General Partner | |
/s/ David Krell | ||
DAVID KRELL |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS:
/s/ Nachshon Akiva |
Nachshon Akiva |
(By power of attorney to the Companys CEO) |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS: | ||
VIOLA CREDIT ALTERNATIVE LENDING II (LB) SPV, LIMITED PARTNERSHIP |
By: | /s/ Ruthi Furman /s/ Ido Vigdor | |
Name: | Ruthi Furman Ido Vigdor | |
Title: | Founder & General Partner General Partner | |
VIOLA CREDIT ALF II, L.P. (Formerly Viola Credit VI, L.P) | ||
By: | /s/ Ruthi Furman /s/ Ido Vigdor | |
Name: | Ruthi Furman Ido Vigdor | |
Title: | Founder & General Partner General Partner |
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
INVESTORS:
LENDBUZZ GCP HOLDINGS LLC
(Signing by means of power of attorney by and on behalf of the Gatewood Group stockholders listed below) | ||
By: | /s/ Oren Monhite Yahav | |
Name: |
Oren Monhite Yahav | |
Title: | Managing Member-Gatewood MM LLC |
Gatewood Group Stockholders:
Gatewood Capital Investors LLC
Asterias Resources Ltd.
Elmo Capital US LLC
Adi Livnat
Waverly Abby Gate Partners
Itshak Shaked Assets Ltd.
Shmuel Gal Dymant
Mol Ventures Ltd.
HWK21 LLC
Doron Livnat
Aguri Holdings & Investments Ltd.
Yair Seroussi
Ofer Dar
Amir Aviv
Lardan Consultants (2001) Ltd.
SIGNATURE PAGE TO AMENDMENT TO AMENDED AND RESTATED INVESTORS RIGHTS AGREEMENT