1
EXHIBIT 4.2.2
STATE COMMUNICATIONS, INC.
MASTER AMENDMENT AGREEMENT & CONSENT
This MASTER AMENDMENT AGREEMENT & CONSENT (the "Agreement") is made and
entered into this 20th day of March, 2000 by and among STATE COMMUNICATIONS,
INC., a South Carolina corporation (the "Company"), the holders of the Company's
common stock listed on SCHEDULE I (the "Holders"), the Existing Investors listed
on SCHEDULE II (the "Existing Investors"), the New Investors listed on SCHEDULE
III (the "New Investors"), Dorothy Sadler ("Sadler"), Moore Overseas Technology
Venture Fund, LDC and Moore Technology Venture Fund, LLC, and Seruus Telecom
Fund, L.P. ("Seruus").
WHEREAS, the Company and certain of the Existing Investors are parties
to that certain Preferred Stock Purchase Agreement dated February 1, 2000, (the
"First Preferred Stock Purchase Agreement") and that certain Registration Rights
Agreement, dated February 1, 2000 (the "Registration Rights Agreement"); and
WHEREAS, the Company, the Holders and the Existing Investors are
parties to a Second Amended and Restated Stockholders' Agreement, dated February
1, 2000 (the "Stockholders' Agreement", and collectively with the Registration
Rights Agreement, the "Agreements"); and
WHEREAS, pursuant to the terms of a Preferred Stock Purchase Agreement
of even date herewith, the form of which is attached hereto as EXHIBIT A (the
"Second Preferred Stock Purchase Agreement"), between the Company, certain
Existing Investors and the New Investors, the Company has agreed to issue
4,214,703 shares (the "New Shares") of its Series C Convertible Preferred Stock
to the New Investors; and
WHEREAS, the Company desires to amend the Agreements in order to add
the New Investors as parties and to reflect the issuance of the New Shares by
the Company; and
WHEREAS, the Existing Investors desire to consent to the issuance of
the New Shares pursuant to the Second Preferred Stock Purchase Agreement to the
New Investors and waive any preemptive rights they may have with respect to the
issuance of the New Shares; and
WHEREAS, Richland Ventures II, L.P. has transferred 133,334 of its
shares of the Company's Series B Convertible Preferred Stock, par value $0.01
per share (the "Series B Stock") to Sadler; and
WHEREAS, Moore Global Investments, Ltd. has transferred 1,333,333 of
its shares of its Series B Stock and 517,648 of its shares of Series C Stock to
its affiliate Moore Overseas Technology Venture Fund, LDC and Remington
Investment Strategies, L.P. has transferred 1,333,333 of its shares of its
Series B Stock and 517,648 of its shares of Series C Stock to its affiliate
Moore Technology Venture Fund, LLC; and
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WHEREAS, Boston Millennia Partners Limited Partnership has transferred
400,000 of its shares of Series B Stock to its affiliate Citizens Capital
Corporation; and
WHEREAS, the parties hereto desire that Sadler, Moore Overseas
Technology Venture Fund, LDC and Moore Technology Venture Fund, LLC become
parties to the Stockholders' Agreement; and
WHEREAS, Citizens Capital Corporation desires to have the rights and
obligations of a Holder under, and as defined in, the Registration Rights
Agreement dated July 29, 1999 by and among the Company and the parties listed on
Schedule I thereto (the "Series B Registration Rights Agreement"), and Moore
Overseas Technology Venture Fund, LDC and Moore Technology Venture Fund, LLC
desire to have the rights and obligations of a Holder under, and as defined in,
the Series B Registration Rights Agreement with respect to their Series B Stock
and the rights and obligations of a Holder under, and as defined in, the
Registration Rights Agreement with respect to their Series C Stock;
NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
Amendments to Stockholders' Agreement
1.1 Substitution of Schedules I & II. Schedule I to the Stockholders'
Agreement is hereby deleted in its entirety and, in lieu thereof, new Schedule I
attached hereto as EXHIBIT B is hereby inserted. Schedule II to the
Stockholders' Agreement is hereby deleted in its entirety and, in lieu thereof,
new Schedule II attached hereto as EXHIBIT C is hereby inserted.
1.2 Addition of New Investors. Upon the execution and delivery of this
Agreement, the New Investors, Sadler, Moore Overseas Technology Venture Fund,
LDC and Moore Technology Venture Fund, LLC shall be deemed parties to the
Stockholders' Agreement and agree to be bound as Investors (as defined therein)
by the terms and conditions contained therein, except that George Michael
Cassity shall be bound as a Holder (as defined therein) with respect to shares
of the Company's Common Stock, par value $0.001 per share (the "Common Stock")
and options to purchase Common Stock held by him.
1.3 Super-Majority Approval for Future Amendments. Section 5.2 of the
Stockholders' Agreement is hereby deleted in its entirety and replaced with the
following:
5.2 Amendment. This Agreement may be amended or supplemented, and the
observance of any term hereof or thereof may be waived, with the
written consent of (i) the Company, (ii) Investors holding 66.66% of
the Securities held by the Investors, and (iii) holders of a majority
of the Securities held by all Holders and Investors as a group;
provided that in the case of any amendment, supplementation or waiver
that adversely affects any Investor and does not similarly adversely
affect all Investors, such amendment, supplementation or waiver must be
approved by each adversely-affected Investor.
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ARTICLE II
Amendment to Registration Rights Agreement
2.1 Substitution of Schedule I. Schedule I to the Registration Rights
Agreement is hereby deleted in its entirety and, in lieu thereof, new Schedule I
attached hereto as EXHIBIT D is hereby inserted.
2.2 Addition of New Investors. Upon the execution and delivery of this
Agreement, the New Investors shall be deemed parties to the Registration Rights
Agreement and agree to be bound by the terms and conditions contained therein.
ARTICLE III
AGREEMENT TO BE BOUND AS HOLDERS UNDER
REGISTRATION RIGHTS AGREEMENT &
SERIES B REGISTRATION RIGHTS AGREEMENT
3.1 Affiliate Transferees of Series B Holders. As provided in Paragraph
11(b) of the Series B Registration Rights Agreement, Citizens Capital
Corporation, Moore Overseas Technology Venture Fund, LDC and Moore Technology
Venture Fund, LLC, each as an affiliate transferee of a Holder, as defined in
the Series B Registration Rights Agreement, hereby agrees to be bound by the
obligations imposed upon such a Holder to the same extent as if it was such a
Holder.
3.2 Affiliate Transferees of Series C Holders. As provided in Paragraph
11(b) of the Registration Rights Agreement, Moore Overseas Technology Venture
Fund, LDC and Moore Technology Venture Fund, LLC, each as an affiliate
transferee of a Holder, as defined in the Registration Rights Agreement, hereby
agrees to be bound by the obligations imposed upon such a Holder to the same
extent as if it was such a Holder.
ARTICLE IV
CONSENT TO ISSUANCE OF NEW SHARES
& WAIVER OF PREEMPTIVE RIGHTS
4.1 Consent to Issuance of New Shares. Each Existing Investor, Sadler,
Moore Overseas Technology Venture Fund, LDC and Moore Technology Venture Fund,
LLC hereby consent to the issuance of the New Shares to the New Investors as
contemplated in the Second Preferred Stock Purchase Agreement.
4.2 Waiver of Preemptive Rights and Notice of Issuance of New Shares.
Each Existing Investor, Sadler, Moore Overseas Technology Venture Fund, LDC and
Moore Technology Venture Fund, LLC hereby waive any preemptive rights with
respect to the issuance of the New Shares to the New Investors and any rights to
notice of the proposed issuance of the
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New Shares to the New Investors they may have pursuant to the Shareholders'
Agreement or otherwise.
4.3 Consent of Series A and Series B Preferred Stock Holders and Seruus
to Grant of Registration Rights to New Investors. Each Existing Investor who is
a holder of any of the Company's Series A Convertible Preferred Stock and/or the
Company's Series B Convertible Preferred Stock (each, a "Series A Holder" and/or
a "Series B Holder" respectively), Sadler (who is a Series B Holder), Moore
Overseas Technology Venture Fund, LDC and Moore Technology Venture Fund, LLC
(each of whom are Series B Holders) and Seruus hereby consent to the grant by
the Company of the registration rights set forth in the Registration Rights
Agreement to the New Investors with respect to the New Shares. Without limiting
the foregoing, each Series A Holder, each Series B Holder, and Seruus
specifically consent to the alteration of the priority provisions set forth in
all other registration rights agreements to which they are parties and which
pertain to securities of the Company and agree that this Agreement shall
constitute an amendment to each such person's existing registration rights
agreements with the Company to the extent necessary to harmonize such
registration rights agreements with the Registration Rights Agreement as amended
hereby.
ARTICLE V
Miscellaneous
5.1 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original instrument, but all of
which together shall constitute but one agreement.
5.2 Headings. The headings of the various sections of this Agreement
have been inserted for convenience of reference only and shall not be deemed to
be a part of this Agreement.
5.3 All Other Terms and Conditions Ratified. All other terms and
conditions of the Agreements are hereby ratified and confirmed by the parties
and shall remain in full force and effect.
5.4 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of South Carolina, without giving effect
to principles governing conflicts of laws.
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
STATE COMMUNICATIONS, INC.
By:
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Title:
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EXISTING INVESTORS
RICHLAND VENTURES II, L.P.
By: Richland Partners II, Inc., General Partner
By:
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Title:
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RICHLAND VENTURES III, L.P.
By: Richland Partners III, Inc., General Partner
By:
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Title:
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FIRST UNION CAPITAL PARTNERS, INC.
By:
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Title:
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MOORE GLOBAL INVESTMENTS, LTD.
By: Moore Capital Management, Inc.,
Trading Advisor
By:
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Title:
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REMINGTON INVESTMENT STRATEGIES, L.P.
By: Moore Capital Advisors, L.L.C.,
General Partner
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
BOSTON MILLENNIA PARTNERS LIMITED PARTNERSHIP
By: Glen Partners Limited Partnership,
General Partner
By:
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Title:
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BOSTON MILLENNIA ASSOCIATES I PARTNERSHIP
By:
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Title:
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CITIZENS CAPITAL, INC.
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
SOUTHEASTERN TECHNOLOGY FUND
By:
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By:
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Title:
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(SEAL)
-------------------------------------------
Shaler P. Houser
(SEAL)
-------------------------------------------
Charles L. Houser
(SEAL)
-------------------------------------------
Charles S. Houser
(SEAL)
-------------------------------------------
Russell W. Powell
(SEAL)
-------------------------------------------
Daniel H. Sterling
(SEAL)
-------------------------------------------
Judith C. Slaughter
(SEAL)
-------------------------------------------
Thomas Houlihan
(SEAL)
-------------------------------------------
Clark Mizell
SERUUS TELECOM FUND, L.P.
By: , its General Partner
-----------------------
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
SERUUS VENTURES, LLC.
By:
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Title:
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(SEAL)
-------------------------------------------
Hamilton E. Russell III
(SEAL)
-------------------------------------------
John R. Tyrrell
-------------------------------------------------
John T. Mills, Sr.
WYCHE BURGESS PROFIT SHARING PLAN FUND II
By:
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By:
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Title:
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WILLOU & CO.
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
HOUSER CHARITABLE REMAINDER UNITRUST
By:
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Title:
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VFO PARTNERS, LTD.
By:
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By:
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Title:
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TORONTO DOMINION CAPITAL (U.S.A.), INC.
By:
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Title:
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NEWCOURT COMMERCIAL FINANCE
CORPORATION, an affiliate of The CIT
Group, Inc.
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
BANCAMERICA CAPITAL INVESTORS SBIC I, L.P.
By: BancAmerica Capital Management SBIC I, LLC,
Its general partner
By: BancAmerica Capital Management I, L.P.,
Its sole member
By: BACM I GP, LLC,
Its general partner
By:
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Name: Robert H. Sheridan, III
Title: Member
CAPITAL INSIGHTS GROWTH INVESTORS, L.P.
By:
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Title:
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Terry E. Richardson, Jr.
-------------------------------------------------
David C. Poole
-------------------------------------------------
William Oberlin
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
-------------------------------------------------
Joseph A. Lawrence
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Larry Bouman
***************************
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Dorothy Sadler
MOORE OVERSEAS TECHNOLOGY VENTURE FUND, LDC
By:
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By:
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Title:
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MOORE TECHNOLOGY VENTURE FUND, LLC
By:
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By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
NEW INVESTORS
CIBC WMC INC.
By:
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Title:
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NORTEL NETWORKS INC.
By:
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Title:
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WACHOVIA CAPITAL INVESTMENTS, INC.
By:
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Title:
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Randy McDougald
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Vincent Oddo
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William Adams
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Ronald Kirby
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Hamilton E. Russell, III
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
-------------------------------------------------
James Dunn
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John C. West Trustee for Ernest F. Hollings
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Riley Murphy
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JoAnn Langston
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G. Michael Cassity
CLARK H. MIZELL SSB IRA ROLLOVER
By:
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Title:
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
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Portia B. Ortale
- ------------------------------- ----------------------------------
Patrick S. Hale Mark Eric Isaacs
- ------------------------------- ----------------------------------
Linda F. Swafford Beverly Ann Schrichte
Laura Farish Chadwick Management Trust The Chadwick 1998 Children's Trust
By: By:
---------------------------- -------------------------------
Name: Name:
-------------------------- -----------------------------
Title: Title:
------------------------- ----------------------------
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IN WITNESS WHEREOF, the Company and each of the parties hereto have
executed this Master Amendment Agreement as of the date first above written.
MOORE TECHNOLOGY VENTURE FUND II L.P.
By:
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By:
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Title:
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EXHIBIT A
FORM OF
SECOND PREFERRED STOCK PURCHASE AGREEMENT
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EXHIBIT B
SCHEDULE I
[TO STOCKHOLDERS' AGREEMENT AS AMENDED HEREBY]
STOCKHOLDERS
Name Issued Shares Options
---- ------------- -------
Shaler P. Houser 1,904,000 850,000
17 Crescent Avenue
Greenville, South Carolina 29601
Charles L. Houser 1,800,000 250,000
35 Rockwood Drive
Greenville, South Carolina 29605
Charles S. Houser 1,255,114 1,680,000
11866 Magnolia Street
Magnolia Springs, Alabama 36555
Russell W. Powell 904,000 650,000
610 Crescent Avenue
Greenville, South Carolina 29601
Daniel H. Sterling 300,000 319,110
101 Longview Terrace
Greenville, South Carolina 29605
Judith C. Slaughter 100,000 349,110
530 Spalding Farms Road
Greenville, South Carolina 29615
Seruus Ventures, LLC 200,000 0
200 North Main Street, Suite 301
Greenville, South Carolina 29601
Seruus Telecom Fund, L.P. 861,110 0
200 North Main Street, Suite 301
Greenville, South Carolina 29601
Hamilton E. Russell 26,000 121,110
11 North Brookwood Drive
Greenville, South Carolina 29605
Clark Mizell 0 251,041
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2031 Harris Grove Church Road
Gray Court, South Carolina 29645
Thomas Houlihan 102,260 0
200 North Main Street, Suite 303
Greenville, South Carolina 29601
George Michael Cassity 81,178 750,000
[Address to be provided]
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TOTAL 7,533,662 5,220,371
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EXHIBIT C
SCHEDULE II
[TO STOCKHOLDERS' AGREEMENT AS AMENDED HEREBY]
INVESTORS
Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
Richland Ventures II, L.P. 2,083,334 533,332 588,235
3100 West End Avenue, Suite 400
Nashville, TN 37203-1304
(615) 383-8030
Fax: (615) 269-0463
Richland Ventures III, L.P. 0 2,666,667 1,035,295
3100 West End Avenue, Suite 400
Nashville, TN 37203-1304
(615) 383-8030
Fax: (615) 269-0463
Portia B. Ortale 0 0 28,236
Laura Farish Chadwick Management Trust 0 0 11,765
The Chadwick 1998 Children's Trust 0 0 11,765
c/o Merrill Lynch & Co., Inc.
World Financial Center
North Tower - 29th Floor
New York, NY 10281-1329
Attn: Mark C. Brueggen, Trustee
(212) 449-4896
Fax: (212) 449-9120
Patrick S. Hale 0 0 5,882
Mark Eric Isaacs 0 0 5,882
Linda F. Swafford 0 0 1,176
Beverly Ann Schrichte 0 0 1,176
First Union Capital Partners, Inc. 2,083,334 1,466,667 1,176,471
One First Union Center
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
301 South College Street, Floor 5
Charlotte, NC 28288-0732
(704) 374-4948
Fax: (704) 374-6711
Moore Global Investments, Ltd. 0 1,333,334 517,647
C/o Citco Fund Services (Bahamas), Ltd.
Bahamas Financial Center
Charlotte & Shirley Street
P.O. Box CB 13136
Nassau, Bahamas
Moore Overseas Technology 0 1,333,333 517,648
Venture Fund, LDC
c/o Moore Capital Management, Inc.
1251 Avenue of the Americas, 53rd Floor
New York, NY 10020
(212) 782-7075
Fax: (212) 382-9813
Remington Investments Strategies, L.P. 0 1,333,334 517,647
1251 Avenue of the Americas
New York, NY 10025
(212) 782-7033
Fax: (212) 575-6832
Moore Technology Venture Fund, LLC 0 1,333,333 517,648
c/o Moore Capital Advisors, L.L.C.
1251 Avenue of the Americas, 53rd Floor
New York, NY 10020
(212) 782-7075
Fax: (212) 382-9813
Moore Technology Venture Fund II L.P. 0 0 282,352
1251 Avenue of the Americas
New York, NY 10020
Attn: Savvas Savvinidis
(212) 782-7017
Fax: (212) 382-9813
Southeastern Technology Fund 0 533,333 117,647
7910 South Memorial Parkway, Suite F
Huntsville, AL 35802
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
(256) 883-8711
Fax: (256) 883-8558
Boston Millennia Partners Limited Partnership 0 1,444,257 1,279,080
30 Rowes Wharf, Suite 330
Boston, MA 02110
(617) 428-5150
Fax: (617) 428-5160
Boston Millennia Associates I Partnership 0 22,410 15,038
30 Rowes Wharf, Suite 330
Boston, MA 02110
(617) 428-5150
Fax: (617) 428-5160
Citizens Capital, Inc. 0 400,000 352,941
30 Rowes Wharf, Suite 330
Boston, MA 02110
(617) 428-5150
Fax: (617) 428-5160
John R. Tyrrell 0 20,000 51,765
c/o Richland Ventures
200 31st Avenue North, Suite 200
Nashville, Tennessee 37205
Charles S. Houser 41,667 166,666 0
101 River Route
11866 Magnolia Street
Magnolia Springs, AL 36555
Houser Charitable Trust 41,667 66,666 0
C/o Cornerstone Management
Attn: Bryan Taylor
7076 Peachtree Industrial Blvd.
Suite 100
Norcross, GA 30071
John T. Mills, Sr. 0 100,000 0
501 East Seven Oaks Drive
Greenville, SC 29605
Willou & Co. 416,670 266,666 0
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
C/o Frank Maybank
P.O. Box 10856 FS
Greenville, SC 29602
VFO Partners, Ltd. 45,000 0 0
C/O James McKissick
13 Thornwood Lane
Greenville, SC 29605
Wyche Burgess Profit Sharing Plan Fund II 0 33,333 0
c/o Cary Hall
P.O. Box 728
Greenville, SC 29603
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
Toronto Dominion Capital (U.S.A.), Inc.
31 West 52nd Street, 20th Floor 0 0 2,352,941
New York, NY 10019
Newcourt Commercial Finance Corporation,
an affiliate of
the CIT Group, Inc. 0 0 1,176,471
2 Gatehall Drive
Parsippany, NJ 07054
BancAmerica Capital Investors SBIC I, L.P.
100 N. Tryon Street, 25th Floor 0 0 1,176,471
Charlotte, NC 28255
Capital Insights Growth Investors, L.P.
888 S. Pleasantburg Drive, Suite 2-D 0 66,666 0
Post Office Box 27162
Greenville, SC 29616-2162
Terry E. Richardson, Jr. 0 266,666 0
Ness, Motley, Loadholt, Richardson & Poole
1730 Jackson Street
Barnwell, SC 29812
David C. Poole 0 266,666 0
Post Office Box 2107
Greenville, SC 29602
Joseph A. Lawrence 0 53,333 50,000
1121 Bellview Road
McLean, VA 22102
William Oberlin 0 26,667 70,588
257 Chestnut Circle
Bloomfield Hills, MI 48304
Larry Bouman 0 0 100,000
7428 Old Maple Square
McLean, VA 22102
Dorothy Sadler 0 133,334 0
CIBC WMC Inc. 0 0 1,764,706
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
c/o CIBC Capital Partners
425 Lexington Avenue
New York, NY 10017
Attn: Richard White
(212) 856-4032
Fax: (212) 697-1544
Nortel Networks Inc. 0 0 1,176,471
GMS 991 15 A40
2221 Lakeside Blvd.
Richardson, Texas 75082-4399
Attention: Mitchell L. Stone
Director, Customer Finance North America
(972) 684-0395
Fax: (972) 684-3679
Wachovia Capital Investments,Inc. 0 0 470,588
191 Peachtree Street, NE
GA 423, 26th Floor
Atlanta, Georgia 30303
Attention: Andrew Rose
(404) 332-1176
Fax: (404) 332-1392
Randy McDougald 0 0 23,529
Vincent Oddo 0 0 10,000
William Adams 0 0 20,000
Ronald Kirby 0 0 52,941
Hamilton E. Russell, III 0 0 5,000
James Dunn 0 0 23,529
John C. West Trustee for Ernest F. Hollings 0 0 5,000
Post Office Drawer 13 (29938)
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Series A Convertible Series B Convertible Series C Convertible
Name Preferred Stock Preferred Stock Preferred Stock
---- -------------------- -------------------- --------------------
23-B Shelter Cove Lane, Suite 400
Hilton Head, SC 29928
(843) 785-4300
Fax: (843) 785-5545
Riley Murphy 0 0 35,000
9008 Potomac Forest Drive
Great Falls, VA 2206
Fax: (703) 757-9476
JoAnn Langston 0 0 5,000
G. Michael Cassity 0 0 212,940
Clark H. Mizell SSB IRA Rollover 0 0 10,000
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EXHIBIT D
SCHEDULE I
[TO REGISTRATION RIGHTS AGREEMENT AS AMENDED HEREBY]
INVESTORS
Richland Ventures II, L.P.
Richland Ventures III, L.P.
John Ryan Tyrrell
Portia B. Ortale
Laura Farish Chadwick Management Trust
The Chadwick 1998 Children's Trust
Patrick S. Hale
Mark Eric Isaacs
Linda F. Swafford
Beverly Ann Schrichte
First Union Capital Partners, Inc.
Moore Global Investments, Ltd.
Moore Overseas Technology Venture Fund, LDC
Remington Investments Strategies, L.P.
Moore Technology Venture Fund, LLC
Moore Technology Venture Fund II L.P.
Southeastern Technology Fund
Boston Millennia Partners Limited Partnership
Boston Millennia Associates I Partnership
Toronto Dominion Capital (U.S.A.), Inc.
Newcourt Commercial Finance Corporation
BancAmerica Capital Investors SBIC I, L.P.
CIBC WMC Inc.
Nortel Networks Inc.
Wachovia Capital Investments, Inc.
Randy McDougald
Vincent Oddo
William Adams
Ronald Kirby
Hamilton E. Russell, III
James Dunn
John C. West Trustee for Ernest F. Hollings
Riley Murphy
JoAnn Langston
G. Michael Cassity
Clark H. Mizell SSB IRA Rollover
27
Schedule I
HOLDERS
Shaler P. Houser
Charles L. Houser
Charles S. Houser
Russell W. Powell
Daniel H. Sterling
Judith C. Slaughter
Seruus Ventures, LLC
Seruus Telecom Fund, L.P.
Hamilton E. Russell
Clark Mizell
Thomas Houlihan
28
Schedule II
EXISTING INVESTORS
RICHLAND VENTURES II, L.P.
RICHLAND VENTURES III, L.P.
FIRST UNION CAPITAL PARTNERS, INC.
MOORE GLOBAL INVESTMENTS, LTD.
REMINGTON INVESTMENTS STRATEGIES, L.P.
BOSTON MILLENNIA PARTNERS LIMITED PARTNERSHIP
BOSTON MILLENNIA ASSOCIATES I PARTNERSHIP
CITIZENS CAPITAL INCORPORATED
SOUTHEASTERN TECHNOLOGY FUND
Charles S. Houser
SERUUS TELECOM FUND, L.P.
John R. Tyrrell
John T. Mills, Sr.
WYCHE BURGESS PROFIT SHARING PLAN FUND II
WILLOU & CO.
HOUSER CHARITABLE REMAINDER UNITRUST
VFO PARTNERS, LTD.
TORONTO DOMINION CAPITAL (U.S.A.), INC.
NEWCOURT COMMERCIAL FINANCE CORPORATION,
an affiliate of The CIT Group, Inc.
BANCAMERICA CAPITAL INVESTORS SBIC I, L.P.
CAPITAL INSIGHTS GROWTH INVESTORS, L.P.
Terry E. Richardson, Jr.
David C. Poole
William Oberlin
Joseph A. Lawrence
Larry Bouman
29
Schedule III
NEW INVESTORS
John Ryan Tyrrell
Portia B. Ortale
Laura Farish Chadwick Management Trust
The Chadwick 1998 Children's Trust
Patrick S. Hale
Mark Eric Isaacs
Linda F. Swafford
Beverly Ann Schrichte
MOORE TECHNOLOGY VENTURE FUND II L.P.
CIBC WMC INC.
NORTEL NETWORKS INC.
WACHOVIA CAPITAL INVESTMENTS, INC.
Randy McDougald
Vincent Oddo
William Adams
Ronald Kirby
Hamilton E. Russell, III
James Dunn
John C. West Trustee for Ernest F. Hollings
Riley Murphy
JoAnn Langston
G. Michael Cassity
Clark H. Mizell SSB IRA Rollover