UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Ray Merger Sub Corporation
Vector Capital III, L.P.
Vector Entrepreneur Fund III, L.P.
Vector Capital IV, L.P.
Vector Capital Partners III, L.P.
Vector Capital Partners IV, L.P.
Vector Capital, L.L.C.
Alexander R. Slusky
c/o Vector Capital Corporation
One Market Street, Steuart Tower, 23rd Floor
San Francisco, CA 94105
Telephone: (415) 293-5000
Attn: David Baylor
Receive Notices and Communications)
525 Market Street, 15th Floor
San Francisco, CA 94105
Telephone: (415) 616-1100
Attn: Steve L. Camahort
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.o
Note:Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Ray Holding Corporation | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 18,551,772 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
18,551,772 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
31.2% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
2
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Ray Merger Sub Corporation | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 18,551,772 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
18,551,772 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
31.2% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
3
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Capital III, L.P. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 19,984,372 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
1,432,600 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
19,984,372 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
33.6% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
4
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Entrepreneur Fund III, L.P. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 18,586,572 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
34,800 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
18,586,572 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
31.2% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
5
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Capital IV, L.P. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 19,984,372 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
1,432,600 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
19,984,372 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
33.6% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
6
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Capital Partners III, L.P. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 20,019,172 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
1,467,400 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
20,019,172 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
33.6% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
7
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Capital Partners IV, L.P. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 19,984,372 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
1,432,600 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
19,984,372 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
33.6% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
8
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Vector Capital, L.L.C. | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 21,451,772 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
2,900,000 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
21,451,772 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
36.0% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
CUSIP No. | 75061P102 |
1. | NAMES OF REPORTING PERSONS: Alexander R. Slusky | ||||||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3. | SEC USE ONLY | ||||||||||
4. | SOURCE OF FUNDS (SEE INSTRUCTIONS)* | ||||||||||
AF | |||||||||||
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7. | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8. | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 21,451,772 | ||||||||||
EACH | 9. | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10. | SHARED DISPOSITIVE POWER | |||||||||
2,900,000 | |||||||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
21,451,772 | |||||||||||
12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
36.0% | |||||||||||
14. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
9
10
• | Alexander Slusky is a director of Ray and Merger Sub, and Managing Member of VC LLC. His principal occupation is as Managing Partner of Vector Capital Corporation. | ||
• | David Fishman is a director of Ray and Merger Sub. His principal occupation is as a Partner of Vector Capital Corporation. | ||
• | Andrew Fishman is a director of Ray and Merger Sub. His principal occupation is as a Vice President of Vector Capital Corporation. | ||
• | David Baylor is the President of Ray and Merger Sub. His principal occupation is as Chief Operating Officer of Vector Capital Corporation. | ||
• | Roy Kelvin is the Secretary of Ray and Merger Sub. His principal occupation is as Chief Financial Officer of Vector Capital Corporation. |
11
12
13
Ray | Merger Sub | VC III LP | VEF III LP | VC IV LP | VCP III LP | VCP IV LP | VC LLC | Mr. Slusky | ||||||||||||||||||||||||||||
Sole Power to Vote/Direct Vote | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Shared Power to Vote/Direct Vote | 18,551,772 | 18,551,772 | 19,984,372 | 18,586,572 | 19,984,372 | 20,019,172 | 19,984,372 | 21,451,772 | 21,451,772 | |||||||||||||||||||||||||||
Sole Power to Dispose/Direct Disposition | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Shared Power to Dispose/Direct Disposition | 0 | 0 | 1,432,600 | 34,800 | 1,432,600 | 1,467,400 | 1,432,600 | 2,900,000 | 2,900,000 |
Exhibit | ||
Number | Document | |
1 | Joint Filing Agreement dated January 28, 2011, by and among Ray Holding Corporation, Ray Merger Sub Corporation, Vector Capital III, L.P., Vector Entrepreneur Fund III, L.P., Vector Capital IV, L.P., Vector Capital Partners III, L.P., Vector Capital Partners IV, L.P., Vector Capital, L.L.C. and Alexander R. Slusky. | |
99.1 | Agreement and Plan of Merger, dated as of January 18, 2011, by and among RAE Systems Inc., Ray Holding Corporation and Ray Merger Sub Corporation. (Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company undertakes to furnish supplemental copies of any of the omitted schedules upon request by the U.S. Securities and Exchange Commission) (Incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Company on January 19, 2011). |
14
Exhibit | ||
Number | Document | |
99.2 | Form of Voting Agreement, dated as of January 18, 2011, by and between Ray Holding Corporation and each of Robert Chen and Peter Hsi, respectively. (Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on January 19, 2011). | |
99.3 | Equity Commitment Letter, dated January 18, 2011, by and among Ray Holding Corporation , Ray Merger Sub Corporation, Vector Capital III, L.P., Vector Entrepreneur Fund III, L.P. and Vector Capital IV, L.P. | |
99.4 | Equity Commitment Letter, dated January 18, 2011, by and among Ray Holding Corporation , Ray Merger Sub Corporation and Profit Spring Investments Limited. | |
99.5 | Guarantee, dated as of January 18, 2011, by and among RAE Systems Inc., Vector Capital III, L.P. and Vector Capital IV, L.P. (Incorporated by reference to Exhibit C of Exhibit 2.1 to the Current Report on Form 8-K filed by the Company on January 19, 2011). | |
99.6 | Form of Rollover Agreement, dated as of January 18, 2011, by and between the Company and each of Chen Revocable Trust DTD 5/8/2001 and Hsi Family Trust, respectively. |
15
RAY HOLDING CORPORATION | |||||
By: | /s/ David Baylor | ||||
Name: | David Baylor | ||||
Title: | President | ||||
RAY MERGER SUB CORPORATION | |||||
By: | /s/ David Baylor | ||||
Name: | David Baylor | ||||
Title: | President | ||||
VECTOR CAPITAL III, L.P. | |||||
By: | Vector Capital Partners III, L.P., its General Partner | ||||
By: | Vector Capital L.L.C., its General Partner | ||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
VECTOR ENTREPRENEUR FUND III, L.P. | |||||
By: | Vector Capital Partners III, L.P., its General Partner | ||||
By: | Vector Capital, L.L.C., its General Partner | ||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
VECTOR CAPITAL IV, L.P. | |||||
By: | Vector Capital Partners IV, L.P., its General Partner | ||||
By: | Vector Capital, L.L.C., its General Partner | ||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
VECTOR CAPITAL PARTNERS III, L.P. | |||||
By: | Vector Capital, L.L.C., its General Partner | ||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
VECTOR CAPITAL PARTNERS IV, L.P. | |||||
By: | Vector Capital, L.L.C., its General Partner | ||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
VECTOR CAPITAL, L.L.C. | |||||
By: | /s/ Alexander R. Slusky | ||||
Name: | Alexander R. Slusky | ||||
Title: | Managing Member | ||||
ALEXANDER R. SLUSKY | |||||
/s/ Alexander R. Slusky | |||||
Alexander R. Slusky | |||||
16
RAY HOLDING CORPORATION | VECTOR CAPITAL IV, L.P. | |||||||||||
By: | /s/ David Baylor | By: | Vector Capital Partners IV, L.P., | |||||||||
Name: | David Baylor | its General Partner | ||||||||||
Title: | President | By: | Vector Capital, L.L.C., its General Partner | |||||||||
By: | /s/ Alexander R. Slusky | |||||||||||
RAY MERGER SUB CORPORATION | Name: Title: | Alexander R. Slusky Managing Member | ||||||||||
By: | /s/ David Baylor | |||||||||||
Name: | David Baylor | VECTOR CAPITAL PARTNERS III, L.P. | ||||||||||
Title: | President | By: | Vector Capital, L.L.C., its General Partner | |||||||||
By: | /s/ Alexander R. Slusky | |||||||||||
VECTOR CAPITAL III, L.P. | Name: | Alexander R. Slusky | ||||||||||
Title: | Managing Member | |||||||||||
By: | Vector Capital Partners III, L.P., its General Partner | VECTOR CAPITAL PARTNERS IV, L.P. | ||||||||||
By: | Vector Capital, L.L.C., its General Partner | By: | Vector Capital, L.L.C., its General Partner | |||||||||
By: | /s/ Alexander R. Slusky | By: | /s/ Alexander R. Slusky | |||||||||
Name: | Alexander R. Slusky | Name: | Alexander R. Slusky | |||||||||
Title: | Managing Member | Title: | Managing Member | |||||||||
VECTOR ENTREPRENEUR FUND III, L.P. | VECTOR CAPITAL, L.L.C. | |||||||||||
By: | Vector Capital Partners III, L.P., its General Partner | By: | /s/ Alexander R. Slusky | |||||||||
By: | Vector Capital, L.L.C., its General Partner | Name: Title: | Alexander R. Slusky Managing Member | |||||||||
By: | /s/ Alexander R. Slusky | |||||||||||
Name: | Alexander R. Slusky | |||||||||||
Title: | Managing Member | ALEXANDER R. SLUSKY | ||||||||||
/s/ Alexander R. Slusky | ||||||||||||
Alexander R. Slusky |
17