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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (3327)	4/13/1999 12:08:00 AM
From: jon zachary	Read Replies (1) \| Respond to of 28311

did you guys happen to see the SIX filings that go2net made today ? marketwatch.newsalert.com

To: GraceZ who wrote (3327)	4/13/1999 12:12:00 AM
From: jon zachary	Read Replies (1) \| Respond to of 28311

(excerpt) Stock Purchase Agreement The Share Issuances. The Company has agreed to issue and sell to the Purchaser, and the Purchaser has agreed to purchase from the Company, 300,000 shares of the Company's Series A Convertible Preferred Stock (the "Series A Preferred Stock") for a purchase price of $1,000 per share, in two separate issuances (the "First Issuance" and "Second Issuance") of 167,507 shares (the "First Issuance Shares") and 132,493 shares (the "Second Issuance Shares"). The Series A Preferred Stock is initially convertible at a conversion price of $66.11 per share into 4,537,891 shares of Common Stock. The First Issuance was consummated concurrently with the execution of the Stock Purchase Agreement on March 15, 1999. Simultaneously with the closing of the First Issuance, the Company and the Purchaser entered into a Registration Rights Agreement (the "Registration Rights Agreement") and the Purchaser entered into a Stock Purchase and Voting Agreement with each director of the Company (the "Management Stock Agreements"). The closing of the Second Issuance is to occur as soon as practicable (but not more than three business days) after the satisfaction or waiver of all of the closing conditions set forth in the Stock Purchase Agreement. These closing conditions include: (i) the prior approval by the Company's stockholders, at a special stockholder's meeting to be called by the Company (the "Stockholders Meeting"), of the purchase of the Second Issuance Shares ("Second Preferred Stock Purchase") and the purchase of Common Stock pursuant to the Management Stock