Document:

exv10w30

 

Exhibit 10.30

October 17, 2007

Gordon Sangster

603 Benvenue Ave.

Los Altos, CA 94024

Dear Gordon:

Micrus Endovascular Corporation wishes to extend this formal offer of at-will employment for the
position of Chief Financial Officer reporting to me, with a start date of November 12, 2007.
Employment will not begin until the terms in this offer are agreed to and acknowledged by signature
of this letter.

Eligibility

On your first day of work, please bring with you evidence of your U.S. citizenship or proof of your
legal right to live and work in this country. We are required by federal law to examine
documentation of your employment eligibility within three business days after you begin work.

In addition, your employment at Micrus is contingent upon your execution and compliance with the
following: Employee Proprietary Information, Assignment of Inventions, and Arbitration Agreement,
as well as the Invention Assignment (Exhibit A of Proprietary Information Agreement) must be signed
thus requiring, among other provisions, the assignment of patent rights to any invention made
during your employment at the Company to Micrus Endovascular Corporation.

Compensation

Upon commencement of employment, you will be paid $9,615.39 per pay period ($250,000.00
annualized), paid bi-weekly in accordance with the Company’s normal payroll procedures. We have
recommended that you receive stock options in the amount of 50,000 options. The per share price is
determined by the fair market value of the stock on the date of approval. One-fourth of the options
vest at the end of the first year of employment, and one-forty-eighth vest each full month
thereafter. These options would not preclude the award of additional options that may carry a
different exercise price and/or vesting period. The option grant shall be subject to the terms,
definitions and provisions of the Company’s 2005 Stock Plan and Stock Option Agreement by and
between you and the Company, both of which documents are incorporated herein by reference. In the
event that employment is terminated for any reason, all rights to exercise unvested stock options
will be cancelled as per the applicable stock plan.

You will be eligible for an incentive cash bonus of up to 35% of your annual base salary effective
with FY ‘08, which started April 2007. The Employee Cash Bonus Program is subject to Board
approval. This is in no way a guarantee of payment and this bonus will be based upon performance
and achievement of mutually agreed upon goals to be determined by myself in accordance with the
Corporate goals established by the CEO and Board of Directors. The

 

 

decision whether to award a bonus in any future year and the amount of said bonus will be at the
sole discretion of Micrus Endovascular Corporation Management.

Benefits

The following benefits will be made available upon commencement of employment under the same terms
as other Micrus employees and in accordance with the Company’s Benefits Program which include the
following:

	•	 	Health, Dental, Vision, and Life/AD&D/Disability Insurance
	 
	•	 	I125 Plan
	 
	•	 	401(k)
	 
	•	 	Employee Stock Purchase Plan (ESPP)
	 
	•	 	Employee Assistance Program & Credit Union
	 
	•	 	Holiday pay
	 
	•	 	PTO pay (Paid Time Off – to be accrued and used in accordance with Company policy)

By accepting the Micrus Endovascular Corporation Offer of Employment, you will be acknowledging and
expressly agreeing that at all times you will be an at-will employee. Thus, you and Micrus
Endovascular Corporation will retain the right to terminate the employment relationship for any
reason. Upon any termination of the employment relationship, Micrus Endovascular Corporation’s only
liability to you will be for payment of salary and PTO time earned prior to the termination date.
The at-will nature of this employment relationship can be modified or nullified only in a formal
written employment contract signed by you and the President of Micrus Endovascular Corporation.

We require, as a condition of employment, a successful background and reference check, which
includes a criminal record investigation and may include a credit check. In order to authorize us
to conduct the investigation, please complete, sign and return the enclosed consent disclosure form
to Laurie De Sio at your earliest convenience. This employment offer is contingent upon successful
completion of this background and reference check.

This letter, along with any agreements relating to proprietary rights between you and the Company,
set forth the terms of your employment with the Company and supersede any prior representations or
agreements.

Please respond acceptance to this no later than end of business this Monday, 10/22.

AGREED TO AND ACCEPTED:

	 	 	 	 	 	 	 	 	 
	/s/ John T. Kilcoyne

	 	10/17/07
	 	/s/ Gordon Sangster
	 	11/12/07
	 	 
	 	 	 	 	 
	John T. Kilcoyne

	 	Date
	 	Gordon Sangster
	 	Date	 	 
	CEO & Chairmanexv10w1

 

Exhibit 10.1

FIRST AMENDMENT TO LEASE

     THIS FIRST AMENDMENT TO LEASE is effective as of the 31st day of
October, 2007 (the “Amendment”) by and between RALEIGH FLEX OWNER I LLC, a Delaware limited liability company (“Landlord”) (successor-in-interest to Duke Realty
Limited Partnership) and CATAPULT COMMUNICATIONS CORPORATION, a Nevada corporation (“Tenant”).

WITNESSETH:

     WHEREAS, Duke Realty Limited Partnership and Tenant entered into a certain Lease
dated October 21, 2002 (the “Lease”) whereby Tenant leased approximately 30,835 rentable
square feet of space located at 800 Perimeter Park Drive, Suite A, Morrisville, North Carolina
27560 (the “Leased Premises”) located in EastRidge at Perimeter Park (formerly known as
Perimeter Park) (the “Park”); and

     WHEREAS, Duke Realty Limited Partnership transferred all right, title and interest in the
Premises and the Lease to FirstCal Industrial 2 Acquisition, LLC, who then transferred all right,
title and interest in the Premises and Lease to the Landlord; and

     WHEREAS, the Lease shall expire on May 31, 2008 (the “Expiration Date”); and

     WHEREAS, pursuant to Section 16.13 of the Lease (the Option to Extend) the Landlord
and Tenant desire to renew and extend the Term of the Lease for an additional five (5) years
from the Expiration Date; and

     WHEREAS, the Landlord and Tenant desire to further amend and modify the Lease as
provided herein.

     NOW, THEREFORE, in consideration of the mutual covenants and conditions contained
herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. The foregoing recitals are true and correct and are incorporated herein by reference. All
capitalized terms not defined herein shall have the meaning given to them in the Lease.

2. Section 1.01 (C) of the Lease shall be deleted in its entirety and shall be replaced with the
following:

     “C. Tenant’s Proportionate Share: 6.48% of the Park. The square footage of the Park
is 476,039 square feet. The determination of Tenant’s Proportionate Share shall conclusively be
deemed correct for all purposes hereunder. ”

3. The Lease Term is renewed and extended for five (5) years from the Expiration Date (the
“First Renewal Term”).

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4. The Minimum Rent during the First Renewal Term shall be paid as follows:

	 	 	 	 	 	 	 
	 	 	Per Square	 	 	 	 
	Year	 	Foot	 	Monthly Rent	 	Annual Rent
	June 1, 2008- May 31, 2009
	 	$9.56
	 	$24,565.22
	 	$294,782.64
	June 1, 2009- May 31, 2010
	 	$9.80
	 	$25,181.92
	 	$302,183.04
	June 1, 2010- May 31, 2011
	 	$10.05
	 	$25,824.31
	 	$309,891.72
	June 1, 2011- May 31, 2012
	 	$10.30
	 	$26,466.71
	 	$317,600.52
	June 1, 2012- May 31, 2013
	 	$10.56
	 	$27,134.80
	 	$325,617.60

5. The Landlord hereby represents and warrants that in the event the roof allows water to
intrude into the Lease Premises, Landlord shall immediately repair the roof as necessary.
Notwithstanding the foregoing, in the event the Landlord is unable to correct the roof by
reasonable repair within twelve (12) months from the full execution of this Amendment by
Landlord and Tenant, the Landlord shall cause the roof to be replaced.

6. Landlord hereby grants to Tenant an option to renew the Lease for one (1) additional
Lease Term of five (5) years in accordance with Section 16.13 of the Lease (the “Second Option
to Extend”). Tenant shall exercise the Second Option to Extend in strict compliance with
Section 16.13 of the Lease.

7. Landlord shall reimburse Tenant in an amount up to Ten Thousand Seven Hundred Fifty
and No/100 Dollars ($10,750.00) as an allowance (the “Improvement Allowance”) for the repair
of the deck area of the Leased Premises, painting of the Leased Premises and replacing doors
within the Leased Premises (the “Improvements”). The Improvement Allowance will be paid to
Tenant upon satisfaction of the following conditions: (i) submission by Tenant to Landlord of all
paid in full invoices for the Improvements; (ii) submissions by Tenant to Landlord of Tenant’s
contractor’s sworn statement that all Improvements have been paid for in full which shall include
unconditional lien releases for all Improvements. Notwithstanding the foregoing, Landlord shall
have no obligation to disburse any portion of the Improvement Allowance to Tenant during any
period when Tenant is in default under the Lease. In the event the documents submitted by
Tenant substantiate that the amounts paid or incurred by Tenant for Improvements were less than
the amount of the Improvement Allowance, the Improvement Allowance shall be reduced
accordingly.

8. Section 16.14 of the Lease is hereby deleted in its entirety and shall have no further force
and effect.

9. Except as amended hereby, the Lease shall be reaffirmed and all terms and conditions of
the Lease are in full force and effect, and the parties hereto hereby ratify and affirm the terms
and conditions of the Lease, as those terms and conditions are amended hereby.

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10. This Amendment shall be binding upon and shall inure to the benefit of Landlord and
Tenant and their respective successors and assigns, and shall be construed under and enforceable
in accordance with the laws of the State of North Carolina.

[Signature Page to Follow]

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     IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed as
of the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	TENANT:	 	 	 	LANDLORD:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Catapult Communication Corporation,	 	 	 	Raleigh Flex Owner I LLC,	 	 
	a Nevada corporation	 	 	 	a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	Raleigh Flex Investor LLC,	 	 
	 

	 	 	 	 	 	 	 	a Delaware limited liability company	 	 
	 

	 	 	 	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Richard A. Karp	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Richard A. Karp
	 	 	 	 	 	 	 	 
	Title:

	 	Chairman and CEO	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	Raleigh Flex Manager LLC,	 	 
	 

	 	 	 	 	 	 	 	a Michigan limited liability company	 	 
	 

	 	 	 	 	 	 	 	Its Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By: /s/ Adam Lutz
 

Adam Lutz, Manager
	 	 

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