Document:

Fourth Amendment to the Loan and Security Agreement - Silicon Valley Bank

  
 Exhibit 10.1

 FOURTH AMENDMENT 
 TO 
 LOAN AND SECURITY AGREEMENT 

THIS FOURTH AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into this 15th day of October, 2010
by and between SILICON VALLEY BANK (“Bank”) and SOLTA MEDICAL, INC., a Delaware corporation (“Borrower”) whose address is 25881 Industrial Boulevard, Hayward, CA 94545. 

RECITALS 
 A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of March 9, 2009, as amended from time to time, including by that certain First Amendment to Loan and
Security Agreement dated as of March 27, 2009; that certain Second Amendment to Loan and Security Agreement dated as of June 30, 2009 and that certain Third Amendment to Loan and Security Agreement dated as of March 30, 2010 (as the
same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B.
Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested
that Bank amend the Loan Agreement to permit Borrower and/or certain of its Subsidiaries to enter into the CLRS Merger (defined below), as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and
warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

2. Amendments to Loan Agreement. 
 2.1 Section 13 (Definitions). Section 13.1 of the Loan Agreement hereby is amended by adding the following terms and their respective definitions: 

“CLRS Merger” means the transactions effectuated by the CLRS Merger Documents. 

“CLRS Merger Agreement” means that certain Agreement and Plan of Merger among Borrower, Solta Temp, Inc.,
CLRS Technology Corporation and Richard Clement, in his capacity as Representative (as such term in defined in the Merger Agreement), dated as of October 15, 2010, and the schedules and exhibits thereto, if any. 

“CLRS Merger Documents” means the CLRS Merger Agreement and any other documents, instruments and/or
agreements necessary to, and executed in connection with, the CLRS Merger Agreement; all in form and substance reasonably acceptable to Bank. 

  
 2.2 Bank hereby
consents to the CLRS Merger and the execution, delivery and performance by Borrower, and/or certain of its Subsidiaries, of the CLRS Merger Documents; and hereby waives any violation of the Loan Agreement, including the provisions of Section 7
thereof, and of any other Loan Document that might otherwise be affected by the CLRS Merger. 
 3. Limitation of Amendments.

 3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and
shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may
now have or may have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment,
Borrower hereby represents and warrants to Bank as follows: 
 4.1 Immediately after giving effect to this Amendment
(a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which
case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 4.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to
be in full force and effect; 
 4.4 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The
execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting
Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the
organizational documents of Borrower; 
 4.6 The execution and delivery by Borrower of this Amendment and the performance
by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental
or public body or authority, or subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 2 

  
 5.
Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Conditions Subsequent. Borrower shall, within thirty (30) days of the date hereof, cause CLRS Technology Corporation to
enter into: (i) an Unconditional guaranty; (ii) a Security Agreement and (iii) an Intellectual Property Security Agreement; each in favor of Bank and in form and substance reasonably acceptable to Bank. 

7. Effectiveness. This Amendment shall be deemed effective upon (i) the due execution and delivery to Bank of this Amendment
by each party hereto and (ii) Bank’s receipt of duly executed copies of the CLRS Merger Documents. 

  
 3 

  
 IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

									
	BANK	 		 	BORROWER
			
	SILICON VALLEY BANK	 		 	SOLTA MEDICAL, INC.
					
	By :	 	 /S/    BENJERMIN
COLUMBO        
	 		 	By:	 	 /S/    JOHN F.
GLENN        

	Name:	 	Benjermin Columbo	 		 	Name:	 	John F. Glenn
	Title:	 	Senior Relationship Manager	 		 	Title:	 	CFOAmendment of the Third Amended and Restated Stock Incentive Plan

  
 Exhibit 10.1

 AMENDMENT 
 OF THE 
 THIRD AMENDED AND RESTATED 

WESTWOOD HOLDINGS GROUP, INC. 
 STOCK INCENTIVE PLAN 
 The Third Amended and Restated Westwood
Holdings Group, Inc. Stock Incentive Plan (the “Plan”) is hereby amended in the following respects, effective as of July 22, 2010. 
  

	 	1.	The last two sentences of Section 9.2 of the Plan are deleted in their entirety. 

 

	 	2.	The following new sentences are added at the end of Section 9.2 of the Plan: 

 “The Committee may provide that no dividends or dividend equivalents will be paid or accrued with respect to outstanding shares of Restricted Stock. If the Committee determines that dividends will be
payable with respect to shares of Restricted Stock, then, unless the Committee determines otherwise, and subject to such claw back or other conditions as the Committee may impose, the dividends will be payable currently to the holder of such
Restricted Stock. If the Committee determines that dividends on shares of Restricted Stock will be subject to vesting conditions (e.g., to the vesting conditions applicable to the corresponding shares of Restricted Stock), then such dividends will
be forfeited if and to the extent such vesting conditions are not satisfied. If the Committee determines that dividends with respect to Restricted Stock will be paid in the form of additional shares of Restricted Stock, then the Committee may, in
its sole discretion, cause the Company to register in the name of a Participant a stock certificate representing such shares of Restricted Stock issued as a dividend, and may cause the Company to hold such certificate in custody for the
Participant’s account subject to the applicable vesting and other terms and conditions. Upon a forfeiture of any shares of Restricted Stock (including, without limitation, shares of Restricted Stock issued as dividends), such forfeited shares
of Restricted Stock shall be transferred to the Company without further action by the Participant.” 
 This amendment has
been adopted by the Board of Directors of Westwood Holdings, Group, Inc. on the date first above written.Amended Restricted Stock Agreement

  
 Exhibit 10.2

 RESTRICTED STOCK AGREEMENT 
 UNDER THE THIRD AMENDED AND RESTATED 
 WESTWOOD HOLDINGS GROUP, INC. STOCK
INCENTIVE PLAN 
 WHEREAS, WESTWOOD HOLDINGS GROUP, INC., a Delaware corporation (the “Company”) previously
established the Third Amended and Restated Westwood Holdings Group, Inc. Stock Incentive Plan (the “Plan”); and 

WHEREAS, this RESTRICTED STOCK AGREEMENT (the “Agreement”), is made as of the 23rd day of February, 2011, between
the Company and                      (the “Employee”), and sets forth the terms of the Restricted Shares (as defined below) issued
to Employee pursuant to the Plan’s terms; and 
 WHEREAS, all of the terms and provisions of the Plan are
incorporated herein by reference and made a part hereof, and all capitalized terms used but not defined in this Agreement have the meanings set forth in the Plan. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows: 
  

	1.	Grant of Restricted Stock. The Company hereby grants to Employee, on the terms and conditions hereinafter set forth,
                     shares of the presently authorized but unissued Common Stock, $.01 par value per share, of the Company (the
“Restricted Stock”). 

  

	2.	Issue Date and Vesting. 

  

	 	A.	The Issue Date of the Restricted Stock shall be February 23, 2011. 

	 	B.	The Restricted Stock granted to Employee hereunder, subject to the other terms and conditions set forth herein, shall become vested in accordance with the following
schedule: 

  

					
	 Vesting Date
	  	Cumulative
Percentage
of Stock Vested	 
	 February 23, 2012
	  	 	0	% 
	 February 22, 2013
	  	 	50	% 
	 February 21, 2014
	  	 	75	% 
	 February 23, 2015
	  	 	100	% 

 In addition, upon the
death of the Employee, all of the Restricted Stock shall become 100% vested, effective upon the date of death. 

  

	 	C.	Upon termination of employment of Employee (for any reason other than death), any shares of Restricted Stock that have not vested shall be forfeited to the Company
without consideration. 

  

	3.	Dividends on Restricted Stock. Dividends on the Restricted Stock shall accrue and be subject to the same vesting conditions applicable to the corresponding
shares of Restricted Stock. The accrued dividends will be paid when the corresponding shares of Restricted Stock vest. 

  

	4.	Employment of Employee. As an inducement to the Company to issue the Restricted Stock to Employee, and as a condition thereto, Employee acknowledges and agrees
that, without limitation of his or her rights under his or her employment agreement with the Company, if any, neither the issuance of the Restricted Stock to Employee nor any provision contained herein shall entitle Employee to remain in the
employment of the Company or its affiliates or affect the right of the Company to terminate Employee’s employment at any time. 

  

	5.	Restrictions on Transfer. 

  

	 	A.	Under no circumstances shall any sale or other transfer of any shares of Restricted Stock be valid unless and until the shares proposed to be sold or transferred are
vested. 

  

	 	B.	The spouse of Employee shall execute a signature page to this Agreement as of the date hereof and agree to be bound in all respects by the terms hereof to the same
extent as Employee. The spouse further agrees that should he/she predecease Employee or become divorced from Employee, any of the shares of Restricted Stock which such spouse may own or in which he/she may have an interest shall remain subject to
this Agreement. 

  

	6.	Notices; Deliveries. Any notice or delivery required to be given under the terms of this Agreement shall be addressed to the Company at its principal office, and
any notice or delivery to be given to Employee shall be addressed to him or her at the address given by him or her beneath his or her signature hereto or such other address as either party hereto may hereafter designate in writing to the other. Any
such notice or delivery shall be deemed to have been duly given when addressed as aforesaid, registered or certified mail, and deposited (postage or registration or certification fee prepaid) in a post office or branch post office regularly
maintained by the United States. 

  

	7.	Disputes. As a condition of the granting of the Restricted Stock hereby, Employee and his or her heirs and successors agree that any dispute or disagreement
which may arise hereunder shall be determined by the Company’s Board of Directors in its sole discretion and judgment, and that any such determination and any interpretation by the Board of Directors of the terms of this grant of Restricted
Stock shall be final and shall be binding and conclusive, for all purposes, upon the Company, Employee, his or her heirs and personal representatives. 

  
 -2-

  

	8.	Certificates. 

  

	 	A.	The certificate(s) representing the shares of Restricted Stock granted hereby will be stamped or otherwise imprinted with the legend required by the Plan with respect
to any applicable restrictions on the sale or transfer of such shares, and the stock transfer records of the Company will reflect stop transfer instructions with respect to such shares. 

 

	 	B.	At the election of the Company, the Company may retain the certificate(s) representing the shares of Restricted Stock granted to Employee pursuant to this Agreement
until such time as the vesting restrictions set forth in Section 2 have lapsed. Within a reasonable time thereafter, the Company will deliver to Employee a new certificate representing such shares, free of the legend referred to in paragraph A
above. The issuance of such certificate shall not affect any restrictions upon the transferability of such shares pursuant to applicable law or otherwise. 

 

	 	C.	If the Company elects to issue the certificate(s) representing the shares of Restricted Stock granted hereunder prior to the termination or lapse of the restrictions on
vesting, the legend referred to in paragraph A above shall remain on such certificate(s) until such time as the vesting restrictions have terminated or lapsed or are removed by the Board of Directors. 

 

	9.	Restricted Stock Subject to Plan. The Restricted Stock granted hereby is subject to the Plan. If a conflict exists between any term or provision contained herein
and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

  

	10.	Miscellaneous. 

  

	 	A.	Employee hereby agrees that (i) Employee is acquiring the Restricted Stock for investment purposes and not with a view to the resale or distribution thereof;
(ii) the Company may withhold from Employee any payment or consideration to be paid to Employee by the Company, any tax which the Company believes is required to be withheld with respect to any benefit under the Plan or this Restricted Stock
Agreement, and to hold as security for the amount to be withheld any property otherwise distributable to Employee under the Plan until the amounts required to be withheld have been so withheld; and (iii) Employee will make appropriate
arrangements with the Company for satisfaction of any applicable federal, state or local income tax, withholding requirements or like requirements. 

  

	 	B.	If any party to this Agreement so required under this Agreement falls or refuses to comply with the provisions of this Agreement, then in addition to any other remedies
provided by law or this Agreement, the party affected thereby may institute and maintain a proceeding to compel the specific performance of this Agreement by the party so defaulting. 

  
 -3-

  

	 	C.	Within 30 days after the date of this Agreement, Employee may make an election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code
and the regulations promulgated thereunder. 

  

	 	D.	This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company. 

 

	 	E.	The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Texas. 

 

	 	F.	This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which collectively shall constitute a single instrument.

  

	 	G.	If any one or more of the provisions or parts of a provision contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any
respect in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or part of a provision of this Agreement or any other jurisdiction, but this Agreement shall be reformed and construed in any such
jurisdiction as if such invalid or illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed so that it would be valid, legal and enforceable to the maximum extent
permitted in such jurisdiction. 

 IN WITNESS WHEREOF, the Company has, as of the date and place first
above written, caused this Agreement to be executed on its behalf by its authorized officer and Employee has hereunto set his or her hand as of the date and place first above written. 

 

			
	WESTWOOD HOLDINGS GROUP, INC.
		
	By:	 	 
	Name:	 	Brian O. Casey
	Its:	 	President and Chief Executive Officer

  
 -4-

  
 EMPLOYEE
SIGNATURE PAGE 
 TO RESTRICTED STOCK AGREEMENT 

 

			
		
	Employee Name:	  	  

		
	Signature	  	  

		
	Address:	  	  

		
		  	  

 I, the undersigned, being the spouse of the above-named Employee, hereby acknowledge that I have read and understand the foregoing Restricted Stock Agreement under the Third Amended and Restated Westwood
Holdings Group, Inc. Stock Incentive Plan, and I agree to be bound by the terms thereof. 
  

			
		
	Spouse Name:	  	  

		
	Signature	  	  

		
	Address:	  	  

		
		  	  

  
 -5-

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