Attached files
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S-1/A - QLIK TECHNOLOGIES INC. - QLIK TECHNOLOGIES INC | b80142a3sv1za.htm |
EX-10.14 - EX-10.14 - QLIK TECHNOLOGIES INC | b80142a3exv10w14.htm |
EX-10.11 - EX-10.11 - QLIK TECHNOLOGIES INC | b80142a3exv10w11.htm |
EX-10.31 - EX-10.31 - QLIK TECHNOLOGIES INC | b80142a3exv10w31.htm |
EX-10.15 - EX-10.15 - QLIK TECHNOLOGIES INC | b80142a3exv10w15.htm |
EX-10.12 - EX-10.12 - QLIK TECHNOLOGIES INC | b80142a3exv10w12.htm |
EX-10.25.A - EX-10.25.A - QLIK TECHNOLOGIES INC | b80142a3exv10w25wa.htm |
EX-10.27.A - EX-10.27.A - QLIK TECHNOLOGIES INC | b80142a3exv10w27wa.htm |
EX-10.13.A - EX-10.13.A - QLIK TECHNOLOGIES INC | b80142a3exv10w13wa.htm |
EX-10.28.A - EX-10.28.A - QLIK TECHNOLOGIES INC | b80142a3exv10w28wa.htm |
EX-10.30.A - EX-10.30.A - QLIK TECHNOLOGIES INC | b80142a3exv10w30wa.htm |
EX-10.26.A - EX-10.26.A - QLIK TECHNOLOGIES INC | b80142a3exv10w26wa.htm |
Exhibit 3.1.A
RESTATED CERTIFICATE OF INCORPORATION
OF
QLIK TECHNOLOGIES INC.
OF
QLIK TECHNOLOGIES INC.
(Pursuant to Sections 242 and 245 of the
General Corporation Law of the State of Delaware)
General Corporation Law of the State of Delaware)
Qlik Technologies Inc., a corporation organized and existing under and by virtue of the
provisions of the General Corporation Law of the State of Delaware (the General Corporation
Law),
DOES HEREBY CERTIFY:
FIRST: That the name of this corporation is Qlik Technologies Inc. and that this corporation
was originally incorporated pursuant to the General Corporation Law on September 3, 2004.
SECOND: That the Board of Directors duly adopted resolutions proposing to amend and restate
the Certificate of Incorporation of this corporation, declaring said amendment and restatement to
be advisable and in the best interests of this corporation and its stockholders, and authorizing
the appropriate officers of this corporation to solicit the consent of the stockholders therefor,
which resolution setting forth the proposed amendment and restatement is as follows:
RESOLVED, that the Certificate of Incorporation of this corporation be amended and restated in
its entirety as follows:
ARTICLE I
The name of this corporation is Qlik Technologies Inc.
ARTICLE II
The address of the registered office of this corporation in the State of Delaware is 1209
Orange Street, in the City of Wilmington, County of New Castle. The name of its registered agent
at such address is The Corporation Trust Company.
ARTICLE III
The nature of the business or purposes to be conducted or promoted is to engage in any lawful
act or activity for which corporations may be organized under the General Corporation Law.
ARTICLE IV
Upon the effective filing hereof, each outstanding share of Series A Common Stock, $0.0001 par
value per share, of this corporation (the Old Common Stock), shall be
automatically renamed Common Stock, $0.0001 par value per share, of this corporation (the
Common Stock) without any further action by the holders of such shares of Old Common
Stock and whether or not the certificates representing the shares of Old Common Stock are
surrendered to the corporation; provided, however, that this corporation shall not be obligated to
issue certificates evidencing the shares of Common Stock issuable upon such renaming unless
certificates evidencing such shares of Old Common Stock are either delivered to this corporation,
as hereinafter provided, or the holder notifies this corporation that such certificates have been
lost, stolen or destroyed and executes an agreement satisfactory to this corporation to indemnify
this corporation from any loss incurred by it in connection therewith.
Upon the occurrence of the automatic renaming of the Old Common Stock, the holders of the Old
Common Stock shall be entitled to surrender the certificates representing such shares at the office
of this corporation. Thereupon, there shall be issued and delivered to such holder, promptly at
such office and in the name shown on such surrendered certificate or certificates, a certificate
for the number of shares of Common Stock into which the surrendered shares of Old Common Stock are
renamed, dated as of the date on which automatic renaming occurs.
A. Authorization of Stock. This corporation is authorized to issue two classes of
stock to be designated, respectively, common stock and preferred stock. The total number of shares
that this corporation is authorized to issue is One Hundred Twenty-Five Million Two Hundred
Sixty-Three Thousand Nine Hundred Forty-Three (125,263,943). The total number of shares of common
stock authorized to be issued is Seventy-Eight Million Sixty-Eight Thousand Two Hundred
Thirty-Seven (78,068,237), par value $0.0001 per share, all of which are designated as Common
Stock. The rights, preferences, privileges and restrictions granted to and imposed on the Common
Stock are as set forth in Article IV(C). The total number of shares of preferred stock authorized
to be issued is Forty-Seven Million One Hundred Ninety-Five Thousand Seven Hundred Six
(47,195,706), par value $0.0001 per share (the Preferred Stock), of which Twenty-Six
Million Eight Hundred Seventy-Five Thousand One Hundred Forty-Five (26,875,145) shares are
designated as Series AA Preferred Stock and Twenty Million Three Hundred Twenty Thousand Five
Hundred Sixty-One (20,320,561) shares are designated as Series A Preferred Stock.
B. Rights, Preferences and Restrictions of Preferred Stock. The rights, preferences,
privileges and restrictions granted to and imposed on the Preferred Stock are as set forth below in
this Article IV(B).
1. Dividend Provisions.
(a) The holders of shares of Preferred Stock shall be entitled to receive dividends, out of
any assets legally available therefor, on a pari passu basis among each such series and prior and
in preference to any declaration or payment of any dividend (payable other than in Common Stock or
other securities and rights convertible into or entitling the holder thereof to receive, directly
or indirectly, additional shares of Common Stock of this corporation) on the Common Stock of this
corporation, at the applicable Dividend Rate (as defined below), payable when, as and if declared
by the Board of Directors. Such dividends shall not be cumulative. The holders of the outstanding
Preferred Stock can waive any dividend preference
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that such holders shall be entitled to receive under this Section 1 upon the affirmative vote
or written consent of the holders of at least sixty percent (60%) of the shares of Preferred Stock
then outstanding (voting together as a single class and not as separate series, and on an
as-converted to Common Stock basis). For purposes of this subsection 1(a), Dividend Rate
shall mean $0.0504 per annum for each share of Series AA Preferred Stock and $0.0504 per annum for
each share of Series A Preferred Stock (each as adjusted for any stock splits, stock dividends,
combinations, subdivisions, recapitalizations or the like).
(b) After payment of such dividends, any additional dividends or distributions shall be
distributed among all holders of Common Stock and Preferred Stock in proportion to the number of
shares of Common Stock that would be held by each such holder if all shares of Preferred Stock were
converted to Common Stock at the then effective Conversion Rate (as defined in subsection 4(a)).
2. Liquidation Preference.
(a) In the event of any Liquidation Event (as defined below), either voluntary or involuntary,
the holders of each series of Preferred Stock shall be entitled to receive, on a pari passu basis
among each such series and prior and in preference to any distribution of the proceeds of such
Liquidation Event (the Proceeds) to the holders of Common Stock by reason of their
ownership thereof, an amount per share equal to the sum of the applicable Original Issue Price (as
defined below) for such series of Preferred Stock, plus declared but unpaid dividends on such
share. If, upon the occurrence of such event, the Proceeds thus distributed among the holders of
the Preferred Stock shall be insufficient to permit the payment to such holders of the full
aforesaid preferential amounts, then the entire Proceeds legally available for distribution shall
be distributed ratably among the holders of the Preferred Stock in proportion to the full
preferential amount that each such holder is otherwise entitled to receive under this subsection
2(a). For purposes of this Restated Certificate of Incorporation, Original Issue Price
shall mean $0.6298 per share for each share of the Series AA Preferred Stock and $0.6298 per share
for each share of Series A Preferred Stock (each as adjusted for any stock splits, stock dividends,
combinations, subdivisions, recapitalizations or the like with respect to such series of Preferred
Stock).
(b) Upon completion of the distribution required by subsection (a) of this Section 2, all of
the remaining Proceeds shall be distributed among the holders of Preferred Stock and Common Stock
pro rata based on the number of shares of Common Stock held by each (assuming full conversion of
all such Preferred Stock to Common Stock).
(c) (i) For purposes of this Section 2, a Liquidation Event shall include (A) the
closing of the sale, transfer or other disposition of all or substantially all of this
corporations assets (determined on a consolidated basis), (B) the consummation of the merger or
consolidation of this corporation or a direct or indirect subsidiary of this corporation with or
into another entity (except (1) in the case of this corporation, a merger or consolidation in which
the holders of capital stock of this corporation immediately prior to such merger or consolidation
continue to hold at least fifty percent (50%) of the voting power of the capital stock of this
corporation or the surviving or acquiring entity or (2) in the case of a direct or indirect
subsidiary, the consummation of the merger of consolidation of such subsidiary into a wholly-
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owned direct or indirect subsidiary of this corporation), (C) the closing of the transfer
(whether by merger, consolidation or otherwise), in one transaction or a series of related
transactions, to a person or group of affiliated persons (other than an underwriter of this
corporations securities), of this corporations securities if, after such closing, such person or
group of affiliated persons would hold fifty percent (50%) or more of the outstanding voting stock
of this corporation (or the surviving or acquiring entity), (D) a liquidation, dissolution or
winding up of this corporation or (E) a liquidation, dissolution or winding up of a direct or
indirect subsidiary of this corporation that is not approved by the Board of Directors of this
corporation, including each of the Preferred Directors (as defined below); provided,
however, that a transaction shall not constitute a Liquidation Event if its sole purpose is
to change the state of this corporations incorporation or to create a holding company that will be
owned in substantially the same proportions by the persons who held this corporations securities
immediately prior to such transaction. Notwithstanding the prior sentence, the sale of shares of
Series A Preferred Stock pursuant to that certain Series A Preferred Stock Purchase Agreement
between this corporation and certain of its stockholders dated on or about the date hereof shall
not be deemed a Liquidation Event. The treatment of any particular transaction or series of
related transactions as a Liquidation Event may be waived by the vote or written consent of the
holders of at least sixty percent (60%) of the outstanding Preferred Stock (voting together as a
single class and not as separate series, and on an as-converted to Common Stock basis).
(ii) In any Liquidation Event, if Proceeds received by this corporation or its stockholders is
other than cash, its value will be deemed its fair market value. Any securities shall be valued as
follows:
(A) Securities not subject to investment letter or other similar restrictions on free
marketability covered by (B) below:
(1) If traded on a securities exchange or through the Nasdaq National Market, the value shall
be deemed to be the average of the closing prices of the securities on such exchange or system over
the twenty (20) trading-day period ending three (3) trading days prior to the closing of the
Liquidation Event;
(2) If actively traded over-the-counter, the value shall be deemed to be the average of the
closing bid or sale prices (whichever is applicable) over the twenty (20) trading-day period ending
three (3) trading days prior to the closing of the Liquidation Event; and
(3) If there is no active public market, the value shall be the fair market value thereof, as
determined by the Board of Directors of this corporation, including each of the Preferred
Directors.
(B) The method of valuation of securities subject to investment letter or other restrictions
on free marketability (other than restrictions arising solely by virtue of a stockholders status
as an affiliate or former affiliate) shall be to make an appropriate discount from the market value
determined as above in (A) (1), (2) or (3) to reflect the approximate fair
market value thereof, as determined by the Board of Directors of this corporation, including
each of the Preferred Directors.
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(C) The foregoing methods for valuing non-cash consideration to be distributed in connection
with a Liquidation Event may be superceded by any determination of such value set forth in the
definitive agreements governing such Liquidation Event.
(iii) In the event the requirements of this Section 2 are not complied with, this corporation
shall forthwith either:
(A) cause the closing of such Liquidation Event to be postponed until such time as the
requirements of this Section 2 have been complied with; or
(B) cancel such transaction, in which event the rights, preferences and privileges of the
holders of the Preferred Stock shall revert to and be the same as such rights, preferences and
privileges existing immediately prior to the date of the first notice referred to in
subsection 2(c)(iv) hereof.
(iv) This corporation shall give each holder of record of Preferred Stock written notice of
such impending Liquidation Event not later than twenty (20) days prior to the stockholders meeting
called to approve such transaction, or twenty (20) days prior to the closing of such transaction,
whichever is earlier, and shall also notify such holders in writing of the final approval of such
transaction. The first of such notices shall describe the material terms and conditions of the
impending transaction and the provisions of this Section 2, and this corporation shall thereafter
give such holders prompt notice of any material changes. The transaction shall in no event take
place sooner than twenty (20) days after this corporation has given the first notice provided for
herein or sooner than ten (10) days after this corporation has given notice of any material changes
provided for herein; provided, however, that subject to compliance with the General
Corporation Law such periods may be shortened or waived upon the written consent of the holders of
Preferred Stock that represent at least sixty percent (60%) of the voting power of all then
outstanding shares of such Preferred Stock (voting together as a single class and not as separate
series, and on an as-converted to Common Stock basis).
3. Redemption. The Preferred Stock is not redeemable at the option of the holder.
4. Conversion. The holders of the Preferred Stock shall have conversion rights as
follows (the Conversion Rights):
(a) Right to Convert. Each share of Preferred Stock shall be convertible, at the
option of the holder thereof, at any time after the date of issuance of such share, at the office
of this corporation or any transfer agent for such stock, into such number of fully paid and
nonassessable shares of Common Stock as is determined by dividing the applicable Original Issue
Price for such series by the applicable Conversion Price for such series (the conversion rate for a
series of Preferred Stock into Common Stock is referred to herein as the Conversion Rate
for such series), determined as hereafter provided, in effect on the date the certificate is
surrendered for conversion. The initial Conversion Price per share for each series of Preferred
Stock shall be the Original Issue Price applicable to such series; provided,
however, that the
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Conversion Price for the Preferred Stock shall be subject to adjustment as set forth in
subsection 4(d).
(b) Automatic Conversion. Each share of Preferred Stock shall automatically be
converted into shares of Common Stock at the Conversion Rate at the time in effect for such series
of Preferred Stock immediately upon the earlier of (i) the date specified by written consent or
agreement of the holders of at least sixty percent (60%) of the then outstanding shares of
Preferred Stock (voting together as a single class and not as separate series, and on an
as-converted to Common Stock basis) or (ii) this corporations sale of its Common Stock in a firm
commitment underwritten public offering pursuant to a registration statement on Form S-1 or Form
SB-2 under the Securities Act of 1933, as amended, the public offering price of which was not less
than $3.15 per share (as adjusted for any stock splits, stock dividends, combinations,
subdivisions, recapitalizations or the like) and in excess of $30,000,000 in the aggregate (a
Qualified Public Offering).
(c) Mechanics of Conversion. Before any holder of Preferred Stock shall be entitled
to voluntarily convert the same into shares of Common Stock, he or she shall surrender the
certificate or certificates therefor, duly endorsed, at the office of this corporation or of any
transfer agent for the Preferred Stock, and shall give written notice to this corporation at its
principal corporate office, of the election to convert the same and shall state therein the name or
names in which the certificate or certificates for shares of Common Stock are to be issued (subject
to any restrictions on transfer with respect to such shares arising by the written agreement of
this corporations stockholders). This corporation shall, as soon as practicable thereafter, issue
and deliver at such office to such holder of Preferred Stock, or to the nominee or nominees of such
holder, a certificate or certificates for the number of shares of Common Stock to which such holder
shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately
prior to the close of business on the date of such surrender of the shares of Preferred Stock to be
converted, and the person or persons entitled to receive the shares of Common Stock issuable upon
such conversion shall be treated for all purposes as the record holder or holders of such shares of
Common Stock as of such date. If the conversion is in connection with an underwritten offering of
securities registered pursuant to the Securities Act of 1933, as amended, the conversion may, at
the option of any holder tendering Preferred Stock for conversion, be conditioned upon the closing
with the underwriters of the sale of securities pursuant to such offering, in which event the
persons entitled to receive the Common Stock upon conversion of the Preferred Stock shall not be
deemed to have converted such Preferred Stock until immediately prior to the closing of such sale
of securities. If the conversion is in connection with Automatic Conversion provisions of
subsection 4(b)(i) above, such conversion shall be deemed to have been made on the conversion date
described in the stockholder consent or agreement approving such conversion, and the persons
entitled to receive shares of Common Stock issuable upon such conversion shall be treated for all
purposes as the record holders of such shares of Common Stock as of such date.
(d) Conversion Price Adjustments of Preferred Stock for Certain Dilutive Issuances, Splits
and Combinations. The Conversion Price of the Preferred Stock shall be subject to adjustment
from time to time as follows:
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(i) (A) If this corporation shall issue, on or after the date upon which this Restated
Certificate of Incorporation is accepted for filing by the Secretary of State of the State of
Delaware (the Filing Date), any Additional Stock (as defined below) without consideration
or for a consideration per share less than the Conversion Price applicable to a series of Preferred
Stock in effect immediately prior to the issuance of such Additional Stock, the Conversion Price
for such series in effect immediately prior to each such issuance shall forthwith (except as
otherwise provided in this clause (i)) be adjusted to a price determined by multiplying such
Conversion Price by a fraction, the numerator of which shall be the number of shares of Common
Stock Outstanding (as defined below) immediately prior to such issuance plus the number of shares
of Common Stock that the aggregate consideration received by this corporation for such issuance
would purchase at such Conversion Price; and the denominator of which shall be the number of shares
of Common Stock Outstanding immediately prior to such issuance plus the number of shares of such
Additional Stock. For purposes of this Section 4(d)(i)(A), the term Common Stock
Outstanding shall mean and include the following: (1) outstanding Common Stock, (2) Common
Stock issuable upon conversion of outstanding Preferred Stock, (3) Common Stock issuable upon
exercise of outstanding stock options (determined on an as-converted to Common Stock basis) and (4)
Common Stock issuable upon exercise (and, in the case of warrants to purchase Preferred Stock,
conversion) of outstanding warrants (determined on an as-converted to Common Stock basis). Shares
described in (1) through (4) above shall be included whether vested or unvested, whether contingent
or non-contingent and whether exercisable or not yet exercisable.
(B) No adjustment of the Conversion Price for the Preferred Stock shall be made in an amount
less than $0.0001 per share, provided that any adjustments that are not required to be made by
reason of this sentence shall be carried forward and shall be either taken into account in any
subsequent adjustment made prior to three (3) years from the date of the event giving rise to the
adjustment being carried forward, or shall be made at the end of three (3) years from the date of
the event giving rise to the adjustment being carried forward. Except to the limited extent
provided for in subsections (E)(3) and (E)(4), no adjustment of such Conversion Price pursuant to
this subsection 4(d)(i) shall have the effect of increasing the Conversion Price above the
Conversion Price in effect immediately prior to such adjustment.
(C) In the case of the issuance of Additional Stock for cash, the consideration shall be
deemed to be the amount of cash paid therefor before deducting any reasonable discounts,
commissions or other expenses allowed, paid or incurred by this corporation for any underwriting or
otherwise in connection with the issuance and sale thereof.
(D) In the case of the issuance of the Additional Stock for a consideration in whole or in
part other than cash, the consideration other than cash shall be deemed to be the fair market value
thereof as determined by the Board of Directors irrespective of any accounting treatment.
(E) In the case of the issuance of options to purchase or rights to subscribe for Common
Stock, securities by their terms convertible into or exchangeable for Common Stock or options to
purchase or rights to subscribe for such convertible or exchangeable securities, the following provisions shall apply for purposes of determining the
number of shares of Additional Stock issued and the consideration paid therefor:
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(1) The aggregate maximum number of shares of Common Stock deliverable upon exercise (assuming
the satisfaction of any conditions to exercisability or conversion, including without limitation,
the passage of time, but without taking into account potential antidilution adjustments) of such
options to purchase or rights to subscribe for Common Stock shall be deemed to have been issued at
the time such options or rights were issued and for a consideration equal to the consideration
(determined in the manner provided in subsections 4(d)(i)(C) and (d)(i)(D)), if any, received by
this corporation upon the issuance of such options or rights plus the minimum exercise price
provided in such options or rights (without taking into account potential antidilution adjustments)
for the Common Stock covered thereby.
(2) The aggregate maximum number of shares of Common Stock deliverable upon conversion of, or
in exchange (assuming the satisfaction of any conditions to convertibility or exchangeability,
including, without limitation, the passage of time, but without taking into account potential
antidilution adjustments) for, any such convertible or exchangeable securities or upon the exercise
of options to purchase or rights to subscribe for such convertible or exchangeable securities and
subsequent conversion or exchange thereof shall be deemed to have been issued at the time such
securities were issued or such options or rights were issued and for a consideration equal to the
consideration, if any, received by this corporation for any such securities and related options or
rights (excluding any cash received on account of accrued interest or accrued dividends), plus the
minimum additional consideration, if any, to be received by this corporation (without taking into
account potential antidilution adjustments) upon the conversion or exchange of such securities or
the exercise of any related options or rights (the consideration in each case to be determined in
the manner provided in subsections 4(d)(i)(C) and 4(d)(i)(D)).
(3) In the event of any change in the number of shares of Common Stock deliverable or in the
consideration payable to this corporation upon exercise of such options or rights or upon
conversion of or in exchange for such convertible or exchangeable securities, the Conversion Price
of the Preferred Stock, to the extent in any way affected by or computed using such options, rights
or securities, shall be recomputed to reflect such change, but no further adjustment shall be made
for the actual issuance of Common Stock or any payment of such consideration upon the exercise of
any such options or rights or the conversion or exchange of such securities.
(4) Upon the expiration of any such options or rights, the termination of any such rights to
convert or exchange or the expiration of any options or rights related to such convertible or
exchangeable securities, the Conversion Price of the Preferred Stock, to the extent in any way
affected by or computed using such options, rights or securities or options or rights related to
such securities, shall be recomputed to reflect the issuance of only the number of shares of Common
Stock (and convertible or exchangeable securities that remain in effect) actually issued upon the
exercise of such options or rights, upon the conversion or exchange of such securities or upon the
exercise of the options or rights related to such securities.
(5) The number of shares of Additional Stock deemed issued and the consideration deemed paid
therefor pursuant to subsections 4(d)(i)(E)(1) and (2)
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shall be appropriately adjusted to reflect any change, termination or expiration of the type
described in either subsections 4(d)(i)(E)(3) or (4).
(ii) Additional Stock shall mean any shares of Common Stock issued (or deemed to
have been issued pursuant to subsection 4(d)(i)(E)) by this corporation on or after the Filing Date
other than:
(A) Common Stock issued pursuant to a transaction described in subsection 4(d)(iii) hereof;
(B) Common Stock issued to employees, directors, consultants and other service providers for
the primary purpose of soliciting or retaining their services pursuant to plans or agreements
approved by this corporations Board of Directors, including each of the Preferred Directors;
(C) Common Stock issued pursuant to a Qualified Public Offering;
(D) Common Stock issued pursuant to the conversion or exercise of convertible or exercisable
securities outstanding on the Filing Date;
(E) Common Stock issued in connection with a bona fide business acquisition by this
corporation of a bona fide commercial operating entity, whether by merger, consolidation, sale of
assets, sale or exchange of stock or otherwise; or
(F) Common Stock issued or deemed issued pursuant to subsection 4(d)(i)(E) as a result of a
decrease in the Conversion Price of any series of Preferred Stock resulting from the operation of
Section 4(d).
(iii) In the event this corporation should at any time or from time to time after the Filing
Date fix a record date for the effectuation of a split or subdivision of the outstanding shares of
Common Stock or the determination of holders of Common Stock entitled to receive a dividend or
other distribution payable in additional shares of Common Stock or other securities or rights
convertible into, or entitling the holder thereof to receive directly or indirectly, additional
shares of Common Stock (hereinafter referred to as Common Stock Equivalents) without
payment of any consideration by such holder for the additional shares of Common Stock or the Common
Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or
exercise thereof), then, as of such record date (or the date of such dividend distribution, split
or subdivision if no record date is fixed), the Conversion Price of the Preferred Stock shall be
appropriately decreased so that the number of shares of Common Stock issuable on conversion of each
share of such series shall be increased in proportion to such increase of the aggregate of shares
of Common Stock outstanding and those issuable with respect to such Common Stock Equivalents with
the number of shares issuable with respect to Common Stock Equivalents determined from time to time
in the manner provided for deemed issuances in subsection 4(d)(i)(E).
(iv) If the number of shares of Common Stock outstanding at any time after the Filing Date is
decreased by a combination of the outstanding shares of Common Stock,
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then, following the record date of such combination, the Conversion Price for the Preferred
Stock shall be appropriately increased so that the number of shares of Common Stock issuable on
conversion of each share of such series shall be decreased in proportion to such decrease in
outstanding shares.
(e) Other Distributions. In the event this corporation shall declare a distribution
payable in securities of other persons, evidences of indebtedness issued by this corporation or
other persons, assets (excluding cash dividends) or options or rights not referred to in subsection
4(d)(iii), then, in each such case for the purpose of this subsection 4(e), the holders of the
Preferred Stock shall be entitled to a proportionate share of any such distribution as though they
were the holders of the number of shares of Common Stock of this corporation into which their
shares of Preferred Stock are convertible as of the record date fixed for the determination of the
holders of Common Stock of this corporation entitled to receive such distribution.
(f) Recapitalizations. If at any time or from time to time there shall be a
recapitalization of the Common Stock (other than a subdivision, combination or merger or sale of
assets transaction provided for elsewhere in this Section 4 or in Section 2) provision shall be
made so that the holders of the Preferred Stock shall thereafter be entitled to receive upon
conversion of the Preferred Stock the number of shares of stock or other securities or property of
this corporation or otherwise, to which a holder of Common Stock deliverable upon conversion would
have been entitled on such recapitalization. In any such case, appropriate adjustment shall be
made in the application of the provisions of this Section 4 with respect to the rights of the
holders of the Preferred Stock after the recapitalization to the end that the provisions of this
Section 4 (including adjustment of the Conversion Price then in effect and the number of shares
purchasable upon conversion of the Preferred Stock) shall be applicable after that event as nearly
equivalently as may be practicable.
(g) No Fractional Shares and Certificate as to Adjustments.
(i) No fractional shares shall be issued upon the conversion of any share or shares of the
Preferred Stock and the aggregate number of shares of Common Stock to be issued to particular
stockholders, shall be rounded down to the nearest whole share and this corporation shall pay in
cash the fair market value of any fractional shares as of the time when entitlement to receive such
fractions is determined. Whether or not fractional shares would be issuable upon such conversion
shall be determined on the basis of the total number of shares of Preferred Stock the holder is at
the time converting into Common Stock and the number of shares of Common Stock issuable upon such
conversion.
(ii) Upon the occurrence of each adjustment or readjustment of the Conversion Price of
Preferred Stock pursuant to this Section 4, this corporation, at its expense, shall promptly
compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish
to each holder of Preferred Stock a certificate setting forth such adjustment or readjustment and
showing in detail the facts upon which such adjustment or readjustment is based. This corporation
shall, upon the written request at any time of any holder of Preferred Stock, furnish or cause to
be furnished to such holder a like certificate setting forth (A) such adjustment and readjustment,
(B) the Conversion Price for such series of Preferred Stock at the
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time in effect, and (C) the number of shares of Common Stock and the amount, if any, of other
property that at the time would be received upon the conversion of a share of Preferred Stock.
(h) Notices of Record Date. In the event of any taking by this corporation of a
record of the holders of any class of securities for the purpose of determining the holders thereof
who are entitled to receive any dividend (other than a cash dividend) or other distribution, this
corporation shall mail to each holder of Preferred Stock, at least ten (10) days prior to the date
specified therein, a notice specifying the date on which any such record is to be taken for the
purpose of such dividend or distribution, and the amount and character of such dividend or
distribution.
(i) Reservation of Stock Issuable Upon Conversion. This corporation shall at all
times reserve and keep available out of its authorized but unissued shares of Common Stock, solely
for the purpose of effecting the conversion of the shares of the Preferred Stock, such number of
its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all
outstanding shares of the Preferred Stock; and if at any time the number of authorized but unissued
shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding
shares of the Preferred Stock, in addition to such other remedies as shall be available to the
holder of such Preferred Stock, this corporation will take such corporate action as may, in the
opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock
to such number of shares as shall be sufficient for such purposes, including, without limitation,
engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to
this Restated Certificate of Incorporation.
(j) Notices. Any notice required by the provisions of this Section 4 to be given to
the holders of shares of Preferred Stock shall be deemed given if deposited in the United States
mail, postage prepaid, and addressed to each holder of record at his address appearing on the books
of this corporation.
(k) Waiver of Adjustment to Conversion Price. Notwithstanding anything herein to the
contrary, any downward adjustment of the Conversion Price of any series of Preferred Stock may be
waived, either prospectively or retroactively and either generally or in a particular instance, by
the consent or vote of the holders of at least sixty percent (60%) of the outstanding shares of
Preferred Stock (voting together as a single class and not as separate series, and on an
as-converted to Common Stock basis). Any such waiver shall bind all future holders of shares of
such series of Preferred Stock.
5. Voting Rights.
(a) General Voting Rights. The holder of each share of Preferred Stock shall have the
right to one vote for each share of Common Stock into which such Preferred Stock could then be
converted, and with respect to such vote, such holder shall have full voting rights and powers
equal to the voting rights and powers of the holders of Common Stock, and shall be entitled,
notwithstanding any provision hereof, to notice of any stockholders meeting in accordance with the
Bylaws of this corporation, and except as provided in subsection 5(b) below with respect to the
election of directors by the separate class vote of the holders of Preferred Stock, shall be
entitled to vote, together with holders of Common Stock, with respect to any
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question upon which holders of Common Stock have the right to vote. Fractional votes shall
not, however, be permitted and any fractional voting rights available on an as-converted basis
(after aggregating all shares into which shares of Preferred Stock held by each holder could be
converted) shall be rounded to the nearest whole number (with one-half being rounded upward).
(b) Voting for the Election of Directors. As long as at least Two Million Seven
Hundred Thousand (2,700,000) shares of Series AA Preferred Stock are outstanding (as adjusted for
any stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like with
respect to such series of Preferred Stock), the holders of such shares of Series AA Preferred Stock
shall be entitled to elect one (1) director of this corporation at any election of directors. As
long as at least Two Million (2,000,000) shares of Series A Preferred Stock are outstanding (as
adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations or
the like with respect to such series of Preferred Stock), the holders of such shares of Series A
Preferred Stock shall be entitled to elect two (2) directors of this corporation at any election of
directors. The directors elected solely by the holders of the Series A Preferred Stock are
collectively referred to herein as the Preferred Directors).The holders of Preferred
Stock and Common Stock (voting together as a single class and not as separate series, and on an
as-converted to Common Stock basis) shall be entitled to elect any remaining directors of this
corporation.
Notwithstanding the provisions of Section 223(a)(1) and 223(a)(2) of the General Corporation
Law, any vacancy, including newly created directorships resulting from any increase in the
authorized number of directors or amendment of this Restated Certificate of Incorporation, and
vacancies created by removal or resignation of a director, may be filled by a majority of the
directors then in office, though less than a quorum, or by a sole remaining director, and the
directors so chosen shall hold office until the next annual election and until their successors are
duly elected and shall qualify, unless sooner displaced; provided, however, that
where such vacancy occurs among the directors elected by the holders of a class or series of stock,
the holders of shares of such class or series may override the Boards action to fill such vacancy
by (i) voting for their own designee to fill such vacancy at a meeting of this corporations
stockholders or (ii) written consent, if the consenting stockholders hold a sufficient number of
shares to elect their designee at a meeting of the stockholders. Any director may be removed during
his or her term of office, either with or without cause, by, and only by, the affirmative vote of
the holders of the shares of the class or series of stock entitled to elect such director or
directors, given either at a special meeting of such stockholders duly called for that purpose or
pursuant to a written consent of stockholders, and any vacancy thereby created may be filled by a
majority of the holders of that class or series of stock represented at the meeting or pursuant to
written consent.
6. Protective Provisions.
(a) Separate Vote of Series AA Preferred Stock. So long as at least Two Million Seven
Hundred Thousand (2,700,000) shares of Series AA Preferred Stock are outstanding (as adjusted for
any stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like with
respect to such series of Preferred Stock), this corporation shall not (by amendment, merger,
consolidation or otherwise) amend this corporations Certificate of Incorporation to alter or
change the rights, preferences or privileges of the shares of Series AA
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Preferred Stock so as to affect adversely such shares, 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 Series AA Preferred Stock.
(b) Separate Vote of Series A Preferred Stock So long as at least Two Million
(2,000,000) shares of Series A Preferred Stock are outstanding (as adjusted for any stock splits,
stock dividends, combinations, subdivisions, recapitalizations or the like with respect to such
series of Preferred Stock), this corporation shall not (by amendment, merger, consolidation or
otherwise) without first obtaining the approval (by vote or written consent, as provided by law) of
the holders of at least sixty percent (60%) of the then outstanding Series A Preferred Stock:
(i) authorize or issue, or obligate itself to issue, any equity security (including
any other security convertible into or exercisable for any such equity security)
having a preference over, or being on a parity with, the Series A Preferred Stock;
(ii) declare or pay any dividend or make any other distribution on shares of capital stock of
this corporation;
(iii) 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 the repurchase at cost 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 upon the occurrence of certain events, such as the termination of
employment or service or pursuant to a right of first refusal;
(iv) consummate a Liquidation Event;
(v) increase or decrease (other than by redemption or conversion) the total number of
authorized shares of Preferred Stock or Common Stock or any series thereof;
(vi) alter or change the rights, preferences or privileges of the shares of any series of
Preferred Stock so as to affect adversely the shares;
(vii) change the authorized number of directors of this corporation;
(viii) amend this corporations Certificate of Incorporation or Bylaws;
(ix) sell the capital stock of this corporation pursuant to a public offering or listing under
the Securities Act of 1933, as amended (or any successor act thereto), or pursuant to the laws,
rules or regulations of any other jurisdiction;
(x) effect any change to the number of shares of Common Stock reserved for issuance under any
of this corporations equity incentive programs;
(xi) incur, pledge or guarantee, directly or indirectly, any indebtedness or obligations in
excess of $250,000 in the aggregate;
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(xii) authorize or issue, or obligate itself to issue, any equity securities of a direct or
indirect subsidiary to any person other than a wholly-owned direct or indirect subsidiary of this
corporation; or
(xiii) cause or permit any direct or indirect subsidiary of this corporation to do any of the
foregoing actions or events contemplated by clauses (i) through (xii) hereof (where solely for the
purposes of this clause (xiii), corporation shall be deemed to be such direct or indirect
subsidiary).
(c) Protective Provisions. So long as at least Four Million Seven Hundred Thousand
(4,700,000) shares of Preferred Stock are outstanding (as adjusted for any stock splits, stock
dividends, combinations, subdivisions, recapitalizations or the like with respect to such Preferred
Stock), this corporation shall not (by amendment, merger, consolidation or otherwise) without first
obtaining the approval (by vote or written consent, as provided by law) of the holders of at least
sixty percent (60%) of the then outstanding shares of Preferred Stock (voting together as a single
class and not as separate series, and on an as-converted to Common Stock basis):
(i) declare or pay any dividend or make any other distribution on shares of capital stock of
this corporation; or
(ii) 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 the repurchase at cost 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 upon the occurrence of certain events, such as the termination of
employment or service, or pursuant to a right of first refusal.
7. Status of Converted Stock. In the event any shares of Preferred Stock shall be
converted pursuant to Section 4 hereof, the shares so converted shall be cancelled and shall not be
issuable by this corporation. The Restated Certificate of Incorporation of this corporation shall
be appropriately amended to effect the corresponding reduction in this corporations authorized
capital stock.
C. Common Stock. This corporation is authorized to issue Seventy-Eight Million
Sixty-Eight Thousand Two Hundred Thirty-Seven (78,068,237) shares of Common Stock, all of which are
designated as Common Stock. The rights, preferences, privileges and restrictions granted to and
imposed on the Common Stock are as set forth below in this Article IV.C.
1. Dividend Rights. Subject to the prior rights of holders of all classes of stock at
the time outstanding having prior rights as to dividends, the holders of shares of Common Stock
shall be entitled to receive, when, as and if declared by the Board of Directors, out of any assets
of this corporation legally available therefor, such dividends as may be declared from time to time
by the Board of Directors.
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2. Liquidation Rights. Upon the liquidation, dissolution or winding up of this
corporation, the assets of this corporation shall be distributed as provided in Section 2 of
Article IV.B hereof.
3. Redemption. The Common Stock is not redeemable at the option of the holder.
4. Voting Rights. The holder of each share of Common Stock shall have the right to
one vote for each such share, and shall be entitled to notice of any stockholders meeting in
accordance with the Bylaws of this corporation, and shall be entitled to vote upon such matters and
in such manner as may be provided by law. The number of authorized shares of Common Stock may be
increased or decreased (but not below the number of shares thereof then outstanding) by the
affirmative vote of the holders of a majority of the capital stock of this corporation entitled to
vote, irrespective of the provisions of Section 242(b)(2) of the General Corporation Law.
ARTICLE V
Except as otherwise provided in this Restated Certificate of Incorporation, in furtherance and
not in limitation of the powers conferred by statute, the Board of Directors is expressly
authorized to make, repeal, alter, amend and rescind any or all of the Bylaws of this corporation.
ARTICLE VI
The number of directors of this corporation shall be determined in the manner set forth in the
Bylaws of this corporation.
ARTICLE VII
Elections of directors need not be by written ballot unless the Bylaws of this corporation
shall so provide.
ARTICLE VIII
Meetings of stockholders may be held within or without the State of Delaware, as the Bylaws of
this corporation may provide. The books of this corporation may be kept (subject to any provision
contained in the statutes) outside 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 Bylaws of this corporation.
ARTICLE IX
A director of this corporation shall not be personally liable to this corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director, except for liability
(i) for any breach of the directors duty of loyalty to this corporation or its stockholders, (ii)
for acts or omissions not in good faith or that involve intentional misconduct or a knowing
violation of law, (iii) under Section 174 of the General Corporation Law, or (iv) for any
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transaction from which the director derived any improper personal benefit. If the General
Corporation Law is amended after approval by the stockholders of this Article IX to authorize
corporate action further eliminating or limiting the personal liability of directors, then the
liability of a director of this corporation shall be eliminated or limited to the fullest extent
permitted by the General Corporation Law as so amended.
Any repeal or modification of the foregoing provisions of this Article IX by the stockholders
of this corporation shall not adversely affect any right or protection of a director of this
corporation existing at the time of, or increase the liability of any director of this corporation
with respect to any acts or omissions of such director occurring prior to, such repeal or
modification.
ARTICLE X
This corporation reserves the right to amend, alter, change or repeal any provision contained
in this Restated Certificate of Incorporation, in the manner now or hereafter prescribed by
statute, and all rights conferred upon stockholders herein are granted subject to this reservation.
ARTICLE XI
To the fullest extent permitted by applicable law, this corporation is authorized to provide
indemnification of (and advancement of expenses to) agents of this corporation (and any other
persons to which General Corporation Law permits this corporation to provide indemnification)
through Bylaw provisions, agreements with such agents or other persons, vote of stockholders or
disinterested directors or otherwise, in excess of the indemnification and advancement otherwise
permitted by Section 145 of the General Corporation Law, subject only to limits created by
applicable General Corporation Law (statutory or non-statutory), with respect to actions for breach
of duty to this corporation, its stockholders, and others.
Any amendment, repeal or modification of the foregoing provisions of this Article XI shall not
adversely affect any right or protection of a director, officer, agent, or other person existing at
the time of, or increase the liability of any director of this corporation with respect to any acts
or omissions of such director, officer or agent occurring prior to, such amendment, repeal or
modification.
* * *
THIRD: The foregoing amendment and restatement was approved by the holders of the requisite
number of shares of said corporation in accordance with Section 228 of the General Corporation Law.
FOURTH: That said Restated Certificate of Incorporation, which restates and integrates and
further amends the provisions of this corporations Certificate of Incorporation, has been duly
adopted in accordance with Sections 242 and 245 of the General Corporation Law.
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IN WITNESS WHEREOF, this Restated Certificate of Incorporation has been executed by a duly
authorized officer of this corporation on this ___day of , 2010.
QLIK TECHNOLOGIES INC. |
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Lars Björk, President | ||||
Signature Page to Qlik Technologies Inc.
Restated Certificate of Incorporation
Restated Certificate of Incorporation