Mr. Larry Bettino This is Me

 Web References

1. 1. PROXIM CORP(Form: SC 13D, Received: 08/09/2002 11:55:38)

   investor.wmux.com/EdgarDetail. - [Cached]

   Published on: 5/20/2002   Last Visited: 1/31/2003

   The initial Board Designee will be Larry Bettino. Mr. Bettino is a member and managing director of WP LLC and a partner of WP.
   
   Notwithstanding anything to the contrary in Section 9(e) of the Certificate of Designations, if the NASD, Inc. approves the Board Designee's appointment to the Board of Directors prior to the Stockholders Vote, Warburg Pincus shall have the right to appoint the Board Designee to the Board of Directors at such time.
   
   Pursuant to the terms of the Purchase Agreement, the Company has agreed to prepare and file with the SEC, within 180 days after the Initial Closing, a registration statement on Form S-3 covering the securities held by each Purchaser named therein and their permitted transferees.
   
   Pursuant to section 5.8 of the Purchase Agreement, for as long as the Investors and the other purchasers named therein and their subsidiaries or other controlled affiliates (the "Purchaser Group") collectively beneficially own twenty-five percent (25%) or more of the Common Stock issuable to them pursuant to the Purchase Agreement, no member of the Purchaser Group shall, without the prior written consent of a majority of the
   
   ...
   (c) Warburg hereby designates Larry Bettino as the initial Board Designee to commence his term in accordance with Section 9(e) of the Certificate of Designation and Section 5.4(a) hereof.
   
   (d) For so long as Warburg has the right to designate the Board Designee pursuant to Section 9(e) of the Certificate of Designation, the Board Designee and the Board Observer shall each receive a copy of all materials distributed to the Board of Directors, whether provided to directors in advance of, during or after any meeting of the applicable Board of Directors, regardless of whether the Board Designee or the Board Observer shall be in attendance at any such meeting, provided, however; that the Company has the right to withhold any information from the Board Observer and to exclude the Board Observer from any meeting or portion thereof if access to such information or attendance at such meeting could:
   
   (i) in the reasonable judgment of the Company's outside counsel, adversely affect the attorney-client privilege between the Company and its counsel;
   
   (ii) cause the Board of Directors to breach its fiduciary duties; or
   
   ...
   By: /s/ Larry Bettino ----------------------------- Name: Title: