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EXHIBIT 10.16
BAM! ENTERTAINMENT, INC.
CO-SALE AND RIGHT OF FIRST REFUSAL AGREEMENT
This Co-Sale and Right of First Refusal Agreement (the "Agreement") is
made and entered into as of May 24, 2001, by and among BAM! Entertainment, Inc.,
a Delaware corporation (the "Company"), ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ("▇▇▇▇▇") and ▇▇▇▇▇▇▇
▇. ▇▇▇▇▇▇▇▇ ("▇▇▇▇▇▇▇▇") and each Series C Stock purchaser listed on Exhibit A
hereto, including Musci and ▇▇▇▇▇▇▇▇ (the "Purchasers"), and all other holders
of the Company's Preferred Stock (collectively, with the Purchasers, the
"Preferred Holders").
RECITALS
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ (each a "Founder") are the beneficial owners of an
aggregate of 213,506 shares of the Common Stock and upon the consummation of the
transaction described in the "Purchase Agreement" (as defined below), will own
833,625 shares of Series A Preferred Stock, 56,658 shares of Series B Preferred
Stock of the Company and 26,604 shares of Series C Preferred Stock of the
Company. (Such shares of Common Stock hereafter are referred to as the "Common
Stock" and such shares of Series A, Series B and Series C Preferred Stock are
referred to as the "Preferred Stock".
B. Purchasers are purchasing shares of the Company's Series C Preferred
Stock (the "Series C Stock") pursuant to that certain Series C Preferred Stock
Purchase Agreement (the "Purchase Agreement") of even date herewith.
C. Purchasers purchasing the Series C Stock were induced to do so in
part by the Company's and Founders' agreement to enter into this Agreement.
D. The parties desire to enter into this Agreement in order to grant
co-sale and right of first refusal rights to the Preferred Holders.
AGREEMENT
Now, therefore, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree hereto as follows:
1. Definitions. Any capitalized terms not defined herein shall have the
meanings ascribed to them in the Purchase Agreement.
2. Representations And Warranties.
2.1 Representations and Warranties of the Founders
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Each of the Founders, individually and not jointly, hereby
represents, warrants and covenants to the Company and the Preferred Holders as
follows: (a) such Founder has full authority, power and capacity to enter into
this Agreement and perform its obligations hereunder; (i) does not require such
founder to obtain any approval, consent or waiver of, or to make any filing
with, any Person that has not been obtained or made; and (ii) does not and will
not result in a breach of, constitute a default under, accelerate any obligation
under or give rise to a right of termination of any indenture or loan or credit
agreement or any other material agreement, contract, instrument, mortgage, lien,
lease, permit, authorization, order, writ, judgment, injunction, decree,
determination or arbitration award to which such Founder is a party or by which
the property of such Founder is bound or affected, or result in the creation or
imposition of any mortgage, pledge, lien, security interest or other charge or
encumbrance on any of the assets or properties of such Founder.
2.2 Representations and Warranties of the Company
The Company hereby represents, warrants and covenants to
the Founders and the Preferred Holders as follows: (a) the Company has full
corporate authority and power to enter into this Agreement and perform its
obligations hereunder; (b) this Agreement constitutes the valid and binding
obligation of the Company enforceable against it in accordance with its terms,
except: (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of
creditors' rights generally, (ii) as limited by laws relating to the
availability of specific performance, injunctive relief, or other equitable
remedies, and (iii) to the extent the indemnification provisions may be limited
by applicable federal or state securities laws; and (c) the execution, delivery
and performance by the Company of this Agreement: (i) to the best of its
knowledge, does not and will not violate any laws, rules or regulations of the
United States or any state or other jurisdiction applicable to the Company, or
require the Company to obtain any approval, consent or waiver of, or to make any
filing with, any Person that has not been obtained or made; and (ii) does not
and will not result in a breach of, constitute a default under, accelerate any
obligation under or give rise to a right of termination of any indenture or loan
or credit agreement or any other material agreement, contract, instrument,
mortgage, lien, lease, permit, authorization, order, writ, judgment, injunction,
decree, determination or arbitration award to which the Company is a party or by
which the property of the Company is bound or affected, or result in the
creation or imposition of any mortgage, pledge, lien, security interest or other
charge or encumbrance on any of the assets or properties of the Company.
3. Restrictions On Transfer; Co-Sale Provisions. The following
provisions of this Section 3 shall terminate immediately upon, and shall not
apply with respect to, a Qualified Public Offering (as defined in the Company's
Amended and Restated Certificate of Incorporation (the "Restated Certificate")).
3.1 Restrictions on Transfer. Each Founder agrees that such
Founder will not, directly or indirectly, transfer, donate, sell, assign,
pledge, hypothecate or grant a security interest in (each a "Transfer") all or
any portion of the Common Stock now owned or hereafter acquired by such Founder,
except in connection with and strictly in compliance with the conditions of this
Section 3. "Transferred" means the accomplishment of a Transfer, and
"Transferee" means the recipient of a Transfer.
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3.2 Permitted Transfers.
Notwithstanding anything herein to the contrary, the provisions
of Section 3.3 shall not apply to either of the Transfers listed below, provided
that in each case the Transferee shall have entered into a Joinder Agreement in
substantially the form attached hereto as Exhibit B providing that all Common
Stock so Transferred shall continue to be subject to all provisions of this
Agreement as if such Shares were still held by such Founder, except that no
further Transfer shall thereafter be permitted hereunder except in compliance
with Section 3.3:
(a) Transfers by any Founder to the spouse, children or
siblings of such Founder or to a trust or family limited partnership for the
benefit of any of them; and
(b) Transfers upon the death of any Founder to such
Founder's heirs, executors or administrators or to a trust under such Founder's
will, or Transfers between such Founder and such Founder's guardian or
conservator.
Notwithstanding anything to the contrary in this Agreement or any failure by a
Transferee under this Section 3.2 to execute a Joinder Agreement, such
Transferee shall take any Common Stock so Transferred subject to all provisions
of this Agreement as if such Common Stock were still held by the Founder making
such Transfer, whether or not they so agree in writing.
3.3 Co-Sale Option of Purchasers.
In the event that any of the Founders entertains a bona fide offer to purchase
all or any portion of the Common Stock held by such Founder (a "Transaction
Offer") from any other person (a "Buyer"), such Founder (a "Transferring
Founder") may Transfer such Common Stock only pursuant to and in accordance with
the following provisions of this Section 3.3:
(a) Co-Sale Notice. The Transferring Founder shall cause
the Transaction Offer and all of the terms thereof to be reduced to writing and
shall promptly notify the Company and each of the Preferred Holders of such
Transferring Founder's desire to effect the Transaction Offer and otherwise
comply with the provisions of this Section 3.3 (the "Co-Sale Notice"). To the
extent one or more Preferred Holders exercise their co-sale option (the "Co-Sale
Option") in accordance with this Section 3.3, the number of Common Stock that
the Transferring Founder may Transfer in the Transaction Offer shall be
correspondingly reduced.
(b) Purchaser Acceptance. Each of the Preferred Holders
shall have the right to exercise its Co-Sale Option by giving written notice of
such intent to participate (the "Co-Sale Acceptance Notice") to the Transferring
Founder within ten (10) days after receipt by such Purchaser of the Co-Sale
Notice (the "Co-Sale Election Period"). Each Co-Sale Acceptance Notice shall
indicate the maximum number of shares subject thereto which the Preferred Holder
wishes to sell, including the number of shares it would sell if one or more
other Purchasers do not elect to participate in the sale on the terms and
conditions stated in the Offer Notice. Any Preferred Holder holding Preferred
Stock shall be permitted to sell to the relevant Buyer in connection with any
exercise of the Co-Sale Option, at its option, (i) shares of Common Stock
acquired upon conversion of such Preferred Stock, (ii) an option to acquire
Common Stock when such Preferred Holder receives the same upon conversion of
such Preferred Stock, with the same effect as if Common Stock were being
conveyed, (iii) shares of Preferred Stock and (iv)
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shares of Common Stock upon exercise of any warrant held by such Preferred
Holder (each of the foregoing, the "Holder Shares").
(c) Allocation of Shares. Each Preferred Holder shall
have the right to sell a portion of its Holder Shares pursuant to the
Transaction Offer which is equal to or less than the product obtained by
multiplying the total number of Holder Shares available for sale to the Buyer
subject to the Transaction Offer by a fraction, the numerator of which is the
total number of Holder Shares owned by such Purchaser and the denominator of
which is the total number of Holder Shares and Shares held by all Purchasers and
the Transferring Founder, in each case as of the date of the Offer Notice,
subject to increase as hereinafter provided.
(d) Co-Sale Closing. Within ten (10) calendar days after
the end of the Co-Sale Election Period, the Transferring Founder shall promptly
notify each participating Preferred Holder of the number of Holder Shares held
by such Preferred Holder that will be included in the sale and the date on which
the Transaction Offer will be consummated, which shall be no later than the
later of (i) thirty (30) calendar days after the end of the Co-Sale Election
Period and (ii) the satisfaction of any governmental approval or filing
requirements, if any. Each participating Preferred Holder may effect its
participation in any Transaction Offer hereunder by delivery to the Buyer, or to
the Transferring Founder for delivery to the Buyer, of one or more instruments
or certificates, properly endorsed for transfer, representing the Holder Shares
it elects to sell pursuant thereto. At the time of consummation of the
Transaction Offer, the Buyer shall remit directly to each participating
Preferred Holder that portion of the sale proceeds to which the participating
Preferred Holder is entitled by reason of its participation with respect
thereto. No Shares may be purchased by the Buyer from the Transferring Founder
unless the Buyer simultaneously purchases from the participating Preferred
Holders all of the Holder Shares that they have elected to sell pursuant to this
Section 3.3.
(e) Liability of Purchasers. No Purchaser shall be
required to make any representations or warranties or to provide any indemnities
in connection therewith other than with respect to title to the Holder Shares
being conveyed.
(f) Sale to Third Party. Any Shares held by a
Transferring Founder that are the subject of the Transaction Offer, and that the
Transferring Founder desires to Transfer following compliance with this Section
3.3, may be sold to the Buyer only during the period specified in Section 3.3(d)
and only on terms no more favorable to the Transferring Founder than those
contained in the Offer Notice. Promptly after such Transfer, the Transferring
Founder shall notify the Company, which in turn shall promptly notify all the
Preferred Holders, of the consummation thereof and shall furnish such evidence
of the completion and time of completion of the Transfer and of the terms
thereof. In the event that the Transaction Offer is not consummated within the
period required by this Section 3.3 or the Buyer fails timely to remit to each
participating Preferred Holder its respective portion of the sale proceeds, the
Transaction Offer shall be deemed to lapse, and any Transfer of Shares pursuant
to such Transaction Offer shall be in violation of the provisions of this
Agreement unless the Transferring Founder sends a new Offer Notice and once
again complies with the provisions of Section 3.3 with respect to such
Transaction Offer.
(g) Contemporaneous Transfers.
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If two or more Founders propose concurrent Transfers that are subject to this
Article III, then the relevant provisions of Section 3.3 shall apply separately
to each such proposed Transfer.
3.4 Effect of Prohibited Transfers.
If any Transfer is made or attempted contrary to the provisions of this
Agreement, such purported Transfer shall be void ab initio; the Company and the
other parties hereto shall have, in addition to any other legal or equitable
remedies which they may have, the right to enforce the provisions of this
Agreement by actions for specific performance (to the extent permitted by law);
and the Company shall have the right to refuse to recognize any Transferee as
one of its stockholders for any purpose.
4. Restrictions on Transfer; Right of First Refusal.
4.1 Notice of Transfer. If a Founder proposes to Transfer any
Preferred Stock owned by him, then such Founder shall promptly give written
notice (the "Notice") to each of the Preferred Holders (for purposes of this
Section only, "Preferred Holder" shall exclude the Founder attempting to sell
his shares of Preferred Stock) at least thirty-five (35) days prior to the
closing of such Transfer. The Notice shall describe in reasonable detail the
proposed Transfer including, without limitation, the number of shares of
Preferred Stock to be transferred, the nature of such Transfer, the
consideration to be paid, and the name and address of each prospective purchaser
or transferee. In the event that the Transfer is being made pursuant to the
provisions of Section 5, the Notice shall state under which section the Transfer
is being made.
4.2 Purchaser Right of First Refusal.
(a) Each Preferred Holder shall have the right,
exercisable upon written notice to the Founder (the "Preferred Holder Notice")
within fifteen (15) days after the receipt of the Notice, to purchase its pro
rata share of the Preferred Stock subject to the Notice and on the same terms
and conditions as set forth therein. The Preferred Holders who so exercise their
rights (the "Participating Preferred Holders") shall effect the purchase of the
Preferred Stock, including payment of the purchase price, not more than ten (10)
days after delivery of the Preferred Holder Notice, and at such time the Founder
shall deliver to the Preferred Holders the certificate(s) representing the
Preferred Stock to be purchased by the Participating Holders, each certificate
to be properly endorsed for transfer.
(b) Each Preferred Holder's pro rata share shall be
equal to the product obtained by multiplying (x) the aggregate number of shares
of Preferred Stock covered by the Notice and (y) a fraction, the numerator of
which is the number of shares of Common Stock (on a fully diluted and converted
basis) owned by the Participating Preferred Holder at the time of the Transfer
and the denominator of which is the total number of shares of Common Stock (on a
fully diluted and converted basis) owned by all of the Preferred Holders at the
time of the Transfer.
(c) In the event that not all of the Preferred Holders
elect to purchase their pro rata share of the Founder Stock available pursuant
to their rights under Section 4.2(a) within the time period set forth therein,
then the Founder shall promptly give written notice to
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each of the Participating Preferred Holders (the "Overallotment Notice"), which
shall set forth the number of shares of Preferred Stock not purchased by the
other Preferred Holders, and shall offer such Participating Preferred Holders
the right to acquire such unsubscribed shares. The Participating Preferred
Holders shall have five (5) days after receipt of the Overallotment Notice to
deliver a written notice to the Founder (the "Participating Preferred Holders
Overallotment Notice") of its election to purchase its pro rata share of the
unsubscribed shares on the same terms and conditions as set forth in the Notice.
For purposes of this Section 4.2(c) the denominator described in clause (y) of
subsection 4.2(b) above shall be the total number of shares owned by all
Participating Preferred Holders at the time of Transfer. The Participating
Preferred Holders shall then effect the purchase of the Preferred Stock,
including payment of the purchase price, not more than five (5) days after
delivery of the Participating Preferred Holders Overallotment Notice to the
Founder, and at such time, the Founder shall deliver to the Participating
Preferred Holders the certificates representing the Preferred Stock to be
purchased by the Participating Preferred Holders, each certificate to be
properly endorsed for transfer.
5. Exempt Transfers.
5.1 Securities Act. Notwithstanding the foregoing, the
provisions of Sections 2 and 3 shall not apply to the sale of any stock to the
public pursuant to a registration statement filed with, and declared effective
by, the Securities and Exchange Commission under the Securities Act of 1933, as
amended (the "Securities Act").
5.2 Bylaws. This Agreement is subject to, and shall in no manner
limit the right which the Company may have to repurchase securities from Musci
and ▇▇▇▇▇▇▇▇ pursuant to (i) a stock restriction agreement or other agreement
between the Company and Musci and ▇▇▇▇▇▇▇▇ and (ii) any right of first refusal
set forth in the Bylaws of the Company.
6. Legend.
6.1 Certificate. Each certificate representing shares of Common
Stock now or hereafter owned by a Founder or issued to any person in connection
with a transfer pursuant to Section 2.2 hereof shall be endorsed with the
following legend:
"THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND
CONDITIONS OF A CERTAIN CO-SALE AGREEMENT BY AND BETWEEN THE
SHAREHOLDER, THE COMPANY AND CERTAIN HOLDERS OF STOCK OF THE
COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF THE COMPANY."
6.2 Instructions. The Preferred Holders agree that the Company
may instruct its transfer agent to impose transfer restrictions on the shares
represented by certificates bearing the legend referred to in Section 6.1 above
to enforce the provisions of this Agreement and the Company agrees to promptly
do so. The legend shall be removed upon termination of this Agreement.
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7. Prior Agreement. The Co-Sale and Right of First Refusal Agreement
entered into by the Company and the persons and entities listed therein dated
December 28, 2000 is hereby terminated.
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8. Miscellaneous.
8.1 Conditions to Exercise of Rights. Exercise of the Preferred
Holders' rights under this Agreement shall be subject to and conditioned upon,
and the Company shall use their best efforts to assist each party in, compliance
with applicable laws.
8.2 Governing Law. This Agreement shall be governed by and
construed under the laws of the State of California as applied to agreements
among California residents entered into and to be performed entirely within
California.
8.3 Amendment. Any provision of this Agreement may be amended
and the observance thereof may be waived (either generally or in a particular
instance and either retroactively or prospectively), only by the written consent
of (i) the Company, (ii) each of the Founders and (iii) a majority in interest
of the Preferred Holders. Any amendment or waiver effected in accordance with
this Section 8.3 shall be binding upon each Preferred Holder, the Company,
Musci, ▇▇▇▇▇▇▇▇ and their successors and assigns.
8.4 Assignment of Rights. This Agreement constitutes the entire
agreement between the parties relative to the specific subject matter hereof.
Any previous agreement among the parties relative to the specific subject matter
hereof is superseded by this Agreement. This Agreement and the rights and
obligations of the parties hereunder shall inure to the benefit of, and be
binding upon, their respective successors, assigns and legal representatives.
8.5 Term. This Agreement shall continue in full force and effect
from the date hereof through the earliest of the following dates, on which date
it shall terminate in its entirety:
(a) on the date of and immediately prior to the closing
of a firmly underwritten public offering of the Common Stock pursuant to a
registration statement filed with the Securities and Exchange Commission, and
declared effective under the Securities Act, that results in the conversion of
the Company's preferred stock.
(b) on the date of and immediately prior to the closing
of a sale, lease, or other disposition of all or substantially all of the
Company's assets or the Company's merger into or consolidation with any other
corporation or other entity, or any other corporate reorganization, in which the
holders of the Company's outstanding voting stock immediately prior to such
transaction own, immediately after such transaction, securities representing
less than a majority of the voting power of the corporation or other entity
surviving such transaction, provided that this Section 8.5(b) shall not apply to
a merger effected exclusively for the purpose of changing the domicile of the
Company.
8.6 Notices. All notices required or permitted hereunder shall
be in writing and shall be deemed effectively given: (i) upon personal delivery
to the party to be notified, (ii) when sent by confirmed telex or facsimile if
sent during normal business hours of the recipient; if not, then on the next
business day, (iii) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of
receipt, or (iv) three (3) days after deposit in first class U.S. mail, return
receipt requested. All communications shall be sent to the party to be notified
at the address as set forth on the
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signature page hereof or at such other address as such party may designate by
ten (10) days advance written notice to the other parties hereto.
8.7 Severability. In the event one or more of the provisions of
this Agreement should, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality, or unenforceability
shall not affect any other provisions of this Agreement, and this Agreement
shall be construed as if such invalid, illegal or unenforceable provision had
never been contained herein.
8.8 Entire Agreement. This Agreement and the Exhibits hereto,
along with the Purchase Agreement and each of the Exhibits and Schedules
thereto, constitute the full and entire understanding and agreement between the
parties with regard to the subjects hereof and thereof and no party shall be
liable or bound to any other in any manner by any representations, warranties,
covenants and agreements except as specifically set forth herein and therein.
8.9 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
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The foregoing Co-Sale Agreement is hereby executed as of the date first
above written.
COMPANY:
BAM! ENTERTAINMENT, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, President
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III, Secretary
PURCHASERS:
PAR CAPITAL MANAGEMENT, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
▇▇▇▇▇▇ ▇▇▇▇▇▇ EARLY STAGE FUND, L.P.
By: MERCHANT BANKERS, INC. as the general
partner of ▇▇▇▇▇▇ ▇▇▇▇▇▇ Early Stage
Fund, L.P.
By: /s/ MINOR ▇▇▇▇▇▇▇
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Name: Minor ▇▇▇▇▇▇▇
Title: Vice President
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇, JR.
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▇▇▇▇▇▇ ▇▇▇▇▇▇, Jr.
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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/s/ ▇▇▇▇ ▇▇▇▇
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/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
FIMAS, a Partnership
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III
Its: General Partner
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇
K&L 2000 LLC
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.
Title: Admin. Partner -- LA
OTHER PREFERRED HOLDERS:
/s/ ▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇▇▇▇▇▇
FIMAS, L.P.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III
Its: General Partner
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Exhibit A
Series C Stock Purchasers
Name Number of Shares
---- ----------------
PAR Capital Management, Inc. 88,680
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ 13,302
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ 13,302
▇▇▇▇▇▇ ▇▇▇▇▇▇ Early Stage Fund, L.P. 88,680
▇▇▇▇▇▇ ▇▇▇▇▇▇ 6,651
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 1,109
▇▇▇▇▇▇ ▇▇▇▇▇▇ 887
▇▇▇▇ ▇▇▇▇ 4,434
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ 4,434
K&L 2000 LLC 1,109
▇▇▇ ▇▇▇▇▇▇▇ 1,109
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 1,109
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 13,302
▇▇▇▇▇ Massarasky 2,217
▇▇▇▇▇ ▇▇▇▇▇ 4,434
FIMAS, L.P., a Partnership 900
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Exhibit B
Form of Joinder Agreement
The undersigned hereby agrees, effective as of the date hereof, to
become a party to that certain Co-Sale and Right of First Refusal Agreement (the
"Agreement") dated as of _________, 2001, by and among BAM! Entertainment, Inc.
(the "Company") and the parties named therein and, for all purposes of the
Agreement, the undersigned shall be included within the term "Founder" as
defined in the Agreement. The undersigned further confirms that the
representations and warranties contained in Section 2.1 of the Agreement are
true and correct as to the undersigned as of the date hereof. The address and
facsimile number to which notices may be sent to the undersigned is as follows:
Facsimile No.:
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Address:
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[NAME]
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