<PAGE>
EXHIBIT 10.12
FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT
THIS FIRST AMENDMENT, dated as of May 1, 2000 (this "Agreement"), to the
Fourth Amended and Restated Registration Rights Agreement dated as of April 11,
2000 (the "Registration Rights Agreement"), by and among SPEECHWORKS
INTERNATIONAL, INC., a Delaware corporation (the "Company") and the stockholders
of the Company named therein, is by and among the Company, the purchasers of the
Company's Series E Convertible Preferred Stock named on the signature page
hereto as Investors (collectively, the "Investors") and the Holders (as defined
herein). All other capitalized terms used herein and not otherwise defined have
their respective meanings set forth in the Registration Rights Agreement.
WHEREAS, InterVoice-Brite, Inc. ("InterVoice") holds a warrant to purchase
741,237 shares of the Company's Common Stock under the terms of that certain
Stock Purchase Warrant dated as of January 28, 1997 (the "InterVoice Warrant");
WHEREAS, the InterVoice Warrant contains certain registration rights with
respect to the shares issuable upon exercise of the Warrant;
WHEREAS, the Company and InterVoice-Brite desire to amend this Agreement in
order to provide to InterVoice the rights afforded under this Agreement in
consideration for InterVoice agreeing to execute and deliver that certain "lock-
up" letter agreement to Chase Securities, Inc. dated as of even date herewith;
WHEREAS, the Investors who are signatories hereto hold in the aggregate a
sufficient number of shares of Registrable Stock to amend the Registration
Rights Agreement in accordance with Section 14 thereof; and
NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein, the parties agree as follows.
1. Amendment. This Agreement is hereby amended as follows:
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(a) by adding the following subclause (d) to the defintion of "Registrable
Stock":
"all the shares of Common Stock issued or issuable upon exercise of
any warrant now or hereafter held by InterVoice-Brite, Inc.".
(b) by renumbering the current subclause "(d)" thereof as subclause "(e)".
(c) InterVoice shall be included as a Holder as defined in the Agreement.
2. Continued Effect. As amended hereby, the Registration Rights Agreement
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is hereby ratified and confirmed and agreed to by all of the parties hereto and
continues in full force and effect.
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3. InterVoice Warrant Terms. The terms of Section 5 of the InterVoice
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Warrant are hereby superceded and replaced by the terms hereof with respect to
the registration rights for the Warrant Shares (as defined therein).
4. Condition to Effectiveness. This Agreement is expressly conditioned
--------------------------
upon, and will not be effective without, InterVoice having received by May 17,
2000 an executed original hereof signed by both the Company and the Holders of
at least a majority of the Registrable Stock (as such terms are defined in the
Fourth Amended and Restated Registration Rights Agreement).
5. Counterparts. This Agreement may be executed in any number of
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counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
6. Governing Law. This Agreement shall be governed by, and construed in
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accordance with the laws of the State of Delaware.
[signature pages follow]
2
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.
SPEECHWORKS INTERNATIONAL, INC.
By: /s/ Stuart Patterson
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Stuart Patterson, President and Chief
Executive Officer
INTERVOICE-BRITE, INC.
By: /s/ Rob-Roy Graham
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Rob-Roy Graham, Chief Financial Officer
INVESTORS:
iGATE VENTURES I, L.P.
By: /s/ Ajmal Noorani
-------------------------------------
Name: Ajmal Noorani
Title: Partner
REUTERS HOLDINGS SWITZERLAND SA
By:
-------------------------------------
Name:
Title:
CITICORP STRATEGIC TECHNOLOGY CORP.
By:
--------------------------------------
Name:
Title:
GE CAPITAL EQUITY INVESTMENTS, INC.
By:
--------------------------------------
Name:
Title:
Signature Page to First Amendment to SpeechWorks Registration Rights Agreement
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<PAGE>
MCI WORLDCOM VENTURE FUND, INC.
By: /s/ Susan Mayer
--------------------------------------
Name: Susan Mayer
Title: President
CHARLES RIVER PARTNERSHIP VII
By: /s/ Richard M. Burnes
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Name: Richard M. Burnes
Title: Manager, CRP VII
ATLAS VENTURE FUND II, L.P.
By: Atlas Venture Associates II, L.P., its
general partner
By: /s/ Jean Francois Formela
--------------------------------------
Name: Jean Francois Formela
Title: General Partner
QUESTMARK PARTNERS, L.P.
By: /s/ Thomas R. Hitchner
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Name: Thomas R. Hitchner
Title: GP
INTEL 64 FUND, LLC
By: INTEL 64 FUND OPERATIONS, INC.,
its Coordinating Member
By:
---------------------------------------
Name:
Title:
BANK OF AMERICA VENTURES
By: /s/ Robert Obuch
---------------------------------------
Name: Robert Obuch
Title: Principal
Signature Page to First Amendment to SpeechWorks International Registration
Rights Agreement
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BA VENTURE PARTNERS III
By: /s/ Robert Obuch
---------------------------------------
Name: Robert Obuch
Title: General Partner
RIGGS CAPITAL PARTNERS
By: /s/ J. Carter Beese, Jr.
--------------------------------------
Name: J. Carter Beese, Jr.
Title: President
MINTZ LEVIN INVESTMENTS LLC
By: /s/ Steven P. Rosenthal
--------------------------------------
Name: Steven P. Rosenthal
Title:
/s/ Steven P. Rosenthal
--------------------------------------
Steven P. Rosenthal
--------------------------------------
Suzanne Abair and Kathleen MacDonald
--------------------------------------
Robert S. Fore
LEE CAPITAL HOLDINGS
By: /s/ Jonathan O. Lee
--------------------------------------
Name: Jonathan O. Lee
Title: President
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<PAGE>
CITIZENS CAPITAL INCORPORATED
By: /s/ Robert E. Garrow
--------------------------------------
Name: Robert E. Garrow
Title: President
--------------------------------------
JOSEPH MURPHY
DIGITAL BANDWIDTH LLC
By: /s/ David B. Weinberg
--------------------------------------
Name: David B. Weinberg
Title: President
INTEL CORPORATION
By:
--------------------------------------
Name:
Title:
SAP AMERICA, INC.
By: /s/ Brad C. Brubaker
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Name: Brad B. Brubaker
Title: Sr. VP & General Counsel
/s/ Paul Yovovich
--------------------------------------
Paul Yovovich
--------------------------------------
Ralph Mor
--------------------------------------
Hedva Mor
--------------------------------------
Jeffrey Mor
Signature to First Amendment to SpeechWorks International Registration
Rights Agreement
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<PAGE>
--------------------------------------
Jean Guy Dahan
/s/ Naim Murad
--------------------------------------
Naim Murad
/s/ John Meyrick
--------------------------------------
John Meyrick
/s/ Brett Phaneuf
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Brett Phaneuf
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William J. O'Farrell
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Noreen D. O'Farrell
/s/ William Ledingham
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William Ledingham
/s/ William Haney
--------------------------------------
William Haney
/s/ Anne G. Haney
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Anne G. Haney
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LIGHTHOUSE CAPITAL PARTNERS, L.P.
By: LIGHTHOUSE MANAGEMENT
PARTNERS, L.P., its general partner
By: LIGHTHOUSE CAPITAL
PARTNERS, INC., its general partner
By:
-----------------------------------
Title:
--------------------------------------
/s/ Mark Holthouse
--------------------------------------
Mark Holthouse
/s/ Stephen Smith
--------------------------------------
Stephen Smith
Signature Page to First Amendment to SpeechWorks International Registration
Rights Agreement
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/s/ Sol Lerner
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Sol Lerner
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Henry Lerner
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Leonard Epstein
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Bella Lerner
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Miriam Epstein
/s/ Brian S. Eberman
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Brian S. Eberman
/s/ Edward J. McCaffrey
--------------------------------------
Edward J. McCaffrey
/s/ Joyce V. McCaffrey
--------------------------------------
Joyce V. McCaffrey
Signature to First Amendment to SpeechWorks International Registration
Rights Agreement
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