EXHIBIT 3.02
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION OF
DRIVEWAY CORPORATION
The undersigned, Christopher Logan and Kent Jarvi, certify that:
1. They are the duly elected President and Secretary, respectively, of
Driveway Corporation, a Delaware corporation.
2. The Corporation incorporated in Delaware on February 17, 1998 under the
name Atrieva Corporation. On November 2, 1999, the corporation changed its name
to Driveway Corporation.
3. Pursuant to Sections 228, 242 and 245 of the Delaware General
Corporation Law, this Amended and Restated Certificate of Incorporation restates
and amends the provisions of the Original Certificate.
4. The Certificate of Incorporation of this corporation is hereby amended
and restated to read in full as follows:
ARTICLE I
The name of this corporation is "Driveway Corporation."
ARTICLE II
The address of the corporation's registered office in the State of Delaware
is 1209 Orange Street, Wilmington, County of New Castle, 19901. The name of its
registered agent at such address is The Corporation Trust Center.
ARTICLE III
The purpose of the Corporation is to engage in any lawful act or activity
for which a corporation may be organized under the Delaware General Corporation
Law.
ARTICLE III
A. CLASSES OF STOCK
The Corporation is authorized to issue two classes of stock, to be
designated as "Preferred Stock," $0.001 par value, and "Common Stock," $0.001
par value, respectively. The total number of shares that the corporation is
authorized to issue is 160,000,000. The number of shares of Preferred Stock
authorized is 10,000,000 shares, and the number of shares of Common Stock
authorized is 150,000,000 shares.
B. RIGHTS AND RESTRICTIONS OF COMMON STOCK
(a) The Common Stock is not redeemable.
(b) The holder of each share of Common Stock shall have the right to one
vote and shall be entitled to notice of any stockholders' meeting in accordance
with the Amended and Restated Bylaws of the corporation, and shall be entitled
to vote upon such matters and in such manner as provided by law.
C. RIGHTS, PREFERENCES AND RESTRICTIONS OF PREFERRED STOCK
The Preferred Stock may be issued from time to time in one or more series
pursuant to a resolution or resolutions providing for such issue duly adopted by
the Board of Directors (authority to do so being hereby expressly vested in the
Board of Directors). The Board of Directors is further authorized to determine
or alter the rights, preferences, privileges and restrictions granted to or
imposed upon any wholly unissued series of Preferred Stock and the designation
of any such series of Preferred Stock. The Board of Directors, within the
limits and restrictions stated in any resolution or resolutions of the Board of
Directors originally fixing the number of shares constituting any series, may
increase or decrease (but not below the number of shares in any such series then
outstanding) the number of shares of any series subsequent to the issue of
shares of that series.
D. AUTHORITY OF BOARD OF DIRECTORS WITH RESPECT TO STOCK MATTERS
The authority of the Board of Directors with respect to each class or
series of stock shall include, without limitation of the foregoing, the right to
determine and fix:
(a) the distinctive designation of such class or series and the number of
shares to constitute such class or series;
(b) the rate at which dividends on the shares of such class or series shall
be declared and paid, or set aside for payment, whether dividends at the rate so
determined shall be cumulative or accruing, and whether the shares of such class
or series shall be entitled to any participating or other dividends in addition
to dividends at the rate so determined, and if so, on what terms;
(c) the right or obligation, if any, of the corporation to redeem shares
of the particular class or series of Preferred Stock and, if redeemable, the
price, terms and manner of such redemption;
(d) the special and relative rights and preferences, if any, and the amount
or amounts per share, which the shares of any such class or series of Preferred
Stock shall be entitled to receive upon any voluntary or involuntary
liquidation, dissolution or winding up of the corporation;
-2-
(e) the terms and conditions, if any, upon which shares of such class or
series shall be convertible or not, or exchangeable for, shares of capital stock
of any other class or series, including the price or prices or the rate or rates
of conversion or exchange and the terms of adjustment, if any;
(f) the obligation, if any, of the corporation to retire, redeem or
purchase shares of such class or series pursuant to a sinking fund or fund of a
similar nature or otherwise, and the terms and conditions of such obligation;
(g) voting rights, if any, on the issuance of additional shares of such
class or series or any shares of any other class or series of Preferred Stock;
(h) limitations, if any, on the issuance of additional shares of such class
or series or any shares of any other class or series of Preferred Stock; and
(i) such other preferences, powers, qualifications, special or relative
rights and privileges thereof as the Board of Directors of the corporation,
acting in accordance with this Amended and Restated Certificate of
Incorporation, may deem advisable and that are not inconsistent with law and the
provisions of this Amended and Restated Certificate of Incorporation.
ARTICLE IV
In addition to any other class vote that may be required by law so long as
any shares of Preferred Stock are outstanding, this corporation shall not
without first obtaining the approval (by vote or written consent, as provided by
law) of the holders of at least a majority of the then outstanding shares of
Preferred Stock voting together as a single class:
(a) adversely alter or change the powers, preferences or special rights of
the Preferred Stock; or
(b) increase or decrease (other than by redemption or conversion) the
aggregate number of authorized shares of Preferred Stock; or
(c) create, authorize or issue any new class or series of shares having any
powers, preferences or special rights superior to or on a parity with the
Preferred Stock as to dividends, liquidation, conversion rights or voting
rights; or
(d) redeem, purchase or otherwise acquire (or pay into or set aside for a
sinking fund for such purpose) any share or shares of Preferred Stock or Common
Stock; provided, however, that this restriction shall not apply to (i) the
repurchase of shares of Common Stock from employees, officers, directors,
consultants or other persons performing services for this corporation or any
subsidiary pursuant to agreements under which this corporation has the option to
repurchase such shares at cost or at cost upon the occurrence of certain events,
such as the termination of employment or (ii) the redemption of any share or
shares of Preferred Stock; or
-3-
(e) sell, convey or otherwise dispose of all or substantially all of its
property or business or merge into or consolidate with any other corporation
(other than a wholly-owned subsidiary corporation) or effect any transaction or
series of related transactions in which more than fifty percent (50%) of the
voting power of this corporation is disposed of; or
(f) change the authorized number of directors of this corporation.
ARTICLE V
The corporation reserves the right to amend, alter, change or repeal any
provision contained in this Amended and Restated Certificate of Incorporation,
in the manner now or hereafter prescribed by statute, and all rights conferred
upon the stockholders herein are granted subject to this right.
ARTICLE VI
The corporation is to have perpetual existence.
ARTICLE VII
In furtherance and not in limitation of the powers conferred by statute,
except as provided in Article XI of the Amended and Restated Certificate of
Incorporation, the Board of Directors is expressly authorized to make, alter,
amend or repeal the Bylaws of the corporation.
ARTICLE VIII
1. Limitation on Directors' Liability. To the fullest extent permitted by
----------------------------------
the Delaware General Corporation Law as the same exists or as may hereafter be
amended, a director of the corporation shall not be personally liable to the
corporation or its stockholders for monetary damages for breach of fiduciary
duty as a director.
2. Indemnification. The corporation may indemnify to the fullest extent
---------------
permitted by law any person made or threatened to be made a party to an action
or proceeding, whether criminal, civil, administrative or investigative, by
reason of the fact that such person or his or her testator or intestate is or
was a director, officer or employee of the corporation, or any predecessor of
the corporation, or serves or served at any other enterprise as a director,
officer or employee at the request of the corporation or any predecessor to the
corporation.
3. Amendments. Neither any amendment nor repeal of this Article VIII, nor
----------
the adoption of any provision of the corporation's Amended and Restated
Certificate of Incorporation inconsistent with this Article VIII, shall
eliminate or reduce the effect of this Article VIII in respect of any matter
occurring, or any action or proceeding accruing or arising or that, but for this
Article VIII, would accrue or arise, prior to such amendment, repeal, or
adoption of an inconsistent position.
-4-
ARTICLE IX
In the event any shares of Preferred Stock shall be redeemed or converted,
the shares so converted or redeemed shall not revert to the status of authorized
but unissued shares, but instead shall be canceled and shall not be re-issuable
by the corporation.
ARTICLE X
Holders of stock of any class or series of the corporation shall not be
entitled to cumulate their votes for the election of directors or any other
matter submitted to a vote of the stockholders, unless such cumulative voting is
required pursuant to the Delaware General Corporation Law, in which event each
such holder shall be entitled to as many votes as shall equal the number of
votes which (except for this provision as to cumulative voting) such holder
would be entitled to cast for the election of directors with respect to his
shares of stock multiplied by the number of directors to be elected by him, and
the holder may cast all of such votes for a single director or may distribute
them among the number of directors to be voted for, or for any two or more of
them as such holder may see fit, so long as the name of the candidate for
director shall have been placed in nomination prior to the voting and the
stockholder, or any other holder of the same class or series of stock, has given
notice at the meeting prior to the voting of the intention to cumulate votes.
1. Number of Directors. The number of directors which constitutes the
whole Board of Directors of the corporation shall be designated in the Amended
and Restated Bylaws of the corporation. Each director shall serve until the
next annual meeting of the stockholders or until his successor is duly elected.
2. Election of Directors. Elections of directors need not be by written
ballot unless the Amended and Restated Bylaws of the corporation shall so
provide.
ARTICLE XI
No action shall be taken by the stockholders of the corporation except at
an annual or special meeting of the stockholders called in accordance with the
Amended and Restated Bylaws and no action shall be taken by the stockholders by
written consent. The affirmative vote of a majority of the then outstanding
voting securities of the corporation shall be required for the amendment, repeal
or modification of the provisions of Article X, Article XI or Article XIII of
this Amended and Restated Certificate of Incorporation or Sections 6 (Special
Meeting), 5(b) (Notice of Stockholders' Meeting), 15 (Advance Notice of
Stockholder Nominees and Stockholder Business), 10 (Voting), 13 (Stockholder
Action by Written Consent Without a Meeting) or 15 (Number of Directors) of the
corporation's Amended and Restated Bylaws.
-5-
ARTICLE XII
Any meeting of stockholders may be held within or without the State of
Delaware, as the Amended and Restated Bylaws may provide. The books of the
corporation may be kept (subject to any provision contained in the statutes)
outside of the State of Delaware at such place or places as may be designated
from time to time by the Board of Directors or in the Amended and Restated
Bylaws of the corporation.
SIGNATURE PAGE FOLLOWS
-6-
We further declare under penalty of perjury under the laws of the State of
Delaware that the matters set forth in this certificate are true and correct of
our own knowledge.
Executed at San Francisco, California this ______ day of __________, 2000.
_________________________________________________
Christopher Logan
President & Chief Executive Officer
_________________________________________________
Kent Jarvi
Secretary
-7-