CONSENT OF THE PURCHASERS. Pursuant to Section 3(b) of the Company's Certificate of Incorporation, the Purchasers hereby consent to the transactions contemplated by this Agreement and the other Financing Documents.
CONSENT OF THE PURCHASERS. Pursuant to Section 4(b) of the Certificate of Designation, Numbers, Powers, Preferences and Relative, Participating, Optional and Other Rights of Series A Convertible Preferred Stock of the Company, as currently in effect (the "Existing Series A Certificate") and Section 4(b) of the Certificate of Designation, Numbers, Powers, Preferences and Relative, Participating, Optional and Other Rights of Series B Convertible Preferred Stock of the Company, as currently in effect (the "Existing Series B Certificate"), the Purchasers, as holders of one hundred percent (100%) of the outstanding Series A Preferred Stock and one hundred percent (100%) of the outstanding Series B Preferred Stock, hereby (i) consent to the Company and Communications Equipment Leasing Corp. ("CELC"), a subsidiary of the Company, entering into agreements with Lucent Technologies Inc. ("Lucent") to restructure indebtedness owed to Lucent by the Company and CELC, on the terms and conditions set forth in the commitment letter attached as Exhibit K hereto (the "Commitment Letter"), including the issuance by the Company of ten-year warrants to Lucent to purchase up to 500,000 shares of Common Stock for a purchase price of $1.00 per share ("Warrant Issuance") and (ii) acknowledge that the Warrant Issuance will be a Permitted Issuance and will not constitute New Securities (as defined in the Existing Series A Certificate and the Series B Certificate). This Section 12(r) is expressly subject to and conditioned upon the preparation, execution and delivery of definitive documentation reflecting the transactions contemplated by the Commitment Letter, including the Warrant Issuance, in form and substance satisfactory to the Purchasers and shall expire upon expiration of the Commitment Letter.
CONSENT OF THE PURCHASERS. 33 EXHIBITS -------- Exhibit A - Form of Bridge Note Debenture Exhibit B - Form of Cash Debenture Exhibit C - Form of Company Counsel Opinion Exhibit D - Form of Fourth Amended and Restated Registration Rights Agreement Exhibit E - Form of Security Agreement Exhibit F - Form of Subordination Agreement SCHEDULES --------- Schedule 1 - Purchasers and Percentage Allocations Schedule 4.1 - Foreign Jurisdictions Schedule 4.2 - Capitalization Schedule 4.4 - No Conflicts Schedule 4.6 - Commission Filings; Financial Statements Schedule 4.10 - Intellectual Property Rights Schedule 4.11 - Litigation and other Proceedings and Claims Schedule 4.14 - Registration Rights Schedule 6.5 - Financial Covenants SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of July 26, 2001, among EXCHANGE APPLICATIONS, INC., a Delaware corporation (the "Company"), EXSTATIC SOFTWARE, INC. (f/k/a GINO BORLAND, INC.), a Washington corporation ("eXstatic" and together with the Company, the "Issuers"), and the purchasers (each a "Purchaser" and together, the "Purchasers") identified on the signature page hereto.
CONSENT OF THE PURCHASERS. 21 EXHIBITS -------- EXHIBIT A - Form of 12% Bridge Promissory Note EXHIBIT B - Form of Warrant EXHIBIT C - Form of Company Counsel Opinion EXHIBIT D - Form of Third Amended and Restated Registration Rights Agreement SCHEDULES --------- Schedule 2.1 - Purchasers and Allocations Schedule 4.1 - Foreign Jurisdictions Schedule 4.2 - Capitalization Schedule 4.6 - Commission Filings; Financial Statements Schedule 4.10 - Intellectual Property Rights Schedule 4.11 - Litigation and other Proceedings and Claims Schedule 4.14 - Registration Rights
CONSENT OF THE PURCHASERS. Notwithstanding anything to the contrary in the Note Agreement, but subject to Section 3 hereof, the Purchasers hereby consent to the proposed Merger, the Merger Agreement, the IPO, the Related Transactions and the Amendment.
CONSENT OF THE PURCHASERS. Pursuant to Section 3(b) of the Company's Certificate of Designation dated January 10, 2001, the Purchasers hereby consent to the transactions contemplated by this Agreement and the other Financing Documents; provided, however, that notwithstanding the foregoing, the Purchasers are not hereby consenting to any Equity Financing. *****