Document:

Prepared by R.R. Donnelley Financial -- EX-10.22

 Exhibit 10.22 

REVISED SECOND TRANCHE CLOSING NOTICE AND LETTER AMENDMENT 

August 18, 2014 
 Dear Investors: 

As an update to the original Second Tranche Closing Notice delivered to you by email on August 13, 2014, Capnia, Inc. (the
“Company”) is providing you with a revised allocation for your pro rata amount of the Second Tranche of the Company’s 2014 bridge financing (the “2014 Bridge Financing”). The pro rata amount originally
allocated among all existing Investors for the Second Tranche was approximately $749,814.79, which represented the combined payment for each Investor’s Second Tranche Note and Second Tranche Warrant. After internal discussion and approval, the
Company has proposed that the aggregate pro rata amounts reserved for allocation among existing Investors in the Second Tranche be reduced to $249,938.38 (which aggregate amount represents the combined payment for each Investor’s Second Tranche
Note and the Second Tranche Warrant), or approximately one-third (1/3rd) of the original $749,814.79 originally allocated to all Investors in the Second Tranche. Your pro rata amount of the Second Tranche is set forth on Attachment 1
hereto and reflects a proportionate reduction to approximately one-third (1/3rd) of your original pro rata allocation. 

The Second Tranche Initial Closing is currently scheduled to occur on or about August 20, 2014, or
such other date as may be approved by holders of at least two-thirds (2/3) in interest of the Notes. Following the Second Tranche Initial Closing, the Company has up to thirty (30) days in which it may hold one or more additional closings
pursuant to which it may sell and issue the remaining Second Tranche Notes not sold in the Second Tranche Initial Closing, up until the Company has sold an aggregate of $1,200,000 worth of Notes, including Notes sold in the Second Tranche Initial
Closing. You may participate in these additional closings if you are unable to meeting the August 20, 2014 closing date. 

Your revised pro rata amount of the Second Tranche is included as Attachment 1 to this revised Second Tranche Closing
Notice and Letter Amendment. Your revised full funding amount is set forth opposite your name under the column “Total Second Tranche Purchase Price”. This funding amount includes payment for both your Second Tranche Note and also your
Second Tranche Warrant. Also please find wire instructions to the Company account provided as Attachment 2. In order to participate in the Second Tranche Initial Closing, please wire your funds by August 20, 2014.

 We are also asking for your approval to amend the Purchase Agreement in order to replace the Second Tranche amounts set
forth on Exhibit A thereto with the corresponding Second Tranche amounts set forth on Attachment 1 hereto. Please acknowledge receipt of this revised Second Tranche Closing Notice and Letter Amendment and your agreement to amend the Second
Tranche amounts set forth Exhibit A to the Purchase Agreement and replacing them with the revised Second Tranche amounts set forth on Attachment 1 hereto, and your intent to participate in the Second Tranche, by signing below and returning a
copy by fax (650-493-6811, Attn: Eric Hsu and Kathy Jordan) or by email and copying Eric Hsu (ehsu@wsgr.com) and Andrew Ellis (anellis@wsgr.com), counsel to the Company, as soon as possible, and in any event no later than Wednesday,
August 20, 2014 at 5:00 pm (Pacific time). 
 This revised Second Tranche Closing Notice and
Letter Amendment is being delivered in accordance with Section 1.3(b)(i) of that certain Convertible Note and Warrant Purchase Agreement dated as of April 28, 2014, as subsequently amended (the “Purchase Agreement”), by
and among the Company and the persons and entities set forth therein. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement. 

 
  

 We appreciate your attention on short notice and thank you for your continued
support. 
 Sincerely, 

/s/ Anish Bhatnagar, MD 

Anish Bhatnagar, MD 

President 
  

 
  
  

 
  
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	 Vivo Ventures V Affiliates Fund, L.P.

		
	 By:
	 	 /s/ Edgar G. Engleman

			
		
	Name:	 	 Edgar G. Engleman

			
		
	Title:	 	 Managing Member,

	
	Vivo Ventures V, LLC
	
	General Partner of Vivo Ventures V Affiliates Fund, L.P.

  
  
  

 
  
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	Vivo Ventures V Fund V, L.P.
		
	 By:
	 	 /s/ Edgar G. Engleman

			
		
	Name:	 	 Edgar G. Engleman

			
		
	Title:	 	 Managing Member,

	
	Vivo Ventures V, LLC
	
	General Partner of Vivo Ventures Fund V, L.P.

  
  
  

 
  
  

 
 Capnia, Inc. - Revised Second Tranche Closing Notice and Letter
Amendment 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ Christopher B. Mario

			
		
	Name:	 	 Christopher B. Mario

			
		
	Title:	 	 Manager of Melmotte LLC

	
	General Partner of Mario Family Partners LP

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ Steinar J. Engelsen

			
		
	Name:	 	 Steinar J. Engelsen

			
		
	Title:	 	 

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ A. Morris Williams, Jr.

			
		
	Name:	 	 A. Morris Williams, Jr.

			
		
	Title:	 	 

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ Anastasios Parafestas

			
		
	Name:	 	 Anastasios Parafestas

			
	
	ITHACA PARTNERS LLC
	
	By: Promerica Capital, LLC its Sole Member
	
	By: Vice President of Promerica, Inc., its Manager

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	GORE CREEK LLC
		
	 By:
	 	 /s/ Tas Parafestas

			
		
	Name:	 	 Tas Parafestas

			
		
	Title:	 	 Manager

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ John J. Mack

			
		
	Name:	 	 John J. Mack

			
		
	Title:	 	 

  
  
  

 
  
  

 
  

Capnia, Inc. - Revised Second Tranche Closing Notice and Letter Amendment 

 ATTACHMENT 1 

REVISED SECOND TRANCHE CLOSING AMOUNTS 
  

							
	Name	  	  Second Tranche  
Note Principal
Amount	  	
Second

Tranche
Warrant
      Purchase      
Price
	  	    Total Second Tranche Purchase   
 
Price
	 	 	 	 
	Vivo Ventures Fund V, L.P.	  	$157,358.48	  	$157.36	  	$157,515.84
	 	 	 	 
	Vivo Ventures Fund Affiliates V, LP	  	$1,846.78	  	$1.85	  	$1,848.63
	 	 	 	 
	Mario Family Partners LP	  	$19,902.98	  	$19.91	  	$19,922.89
	 	 	 	 
	John J. Mack	  	$19,824.61	  	$19.83	  	$19,844.44
	 	 	 	 
	Robert K. Steel	  	$19,824.61	  	$19.83	  	$19,844.44
	 	 	 	 
	Ithaca Partners LLC	  	$14,868.46	  	$14.87	  	$14,883.33
	 	 	 	 
	Gore Creek LLC	  	$4,956.16	  	$4.96	  	$4,961.12
	 	 	 	 
	A. Morris Williams, Jr.	  	$6,608.19	  	$6.61	  	$6,614.80
	 	 	 	 
	Ron Haak	  	$1,321.63	  	$1.32	  	$1,322.95
	 	 	 	 
	Clyde D. Wagner Living Trust dated June 6, 2001	  	$660.81	  	$0.66	  	$661.47
	 	 	 	 
	Shifteh Karimi Wagner Living Trust dated June 6, 2001	  	$660.81	  	$0.66	  	$661.47
	 	 	 	 
	Steinar J. Engelsen	  	$211.59	  	$0.21	  	$211.80
	 	 	 	 
	Hadar Cars AB	  	$211.59	  	$0.21	  	$211.80
	 	 	 	 
	WS Investment Company, LLC (2014A)	  	$1,303.05	  	$1.31	  	$1,304.36
	 	 	 	 
	Michael Danaher and Carol Danaher, Trustees of the Danaher Family Trust dtd. 6/29/04	  	$102.51	  	$0.11	  	$102.62
	 	 	 	 
	Mario Rosati	  	$26.39	  	$0.03	  	$26.42
	 	 	 	 
	
TOTAL  
	  	$249,688.65	  	$249.73	  	$249,938.38

 ATTACHMENT 2 

COMPANY WIRE INSTRUCTIONS 
  

					
		  	 ACCOUNT NAME:
	  	 Capnia, Inc.

			
		  	 THE BANK:
	  	 Silicon Valley Bank

			
		  		  	 3003 Tasman Road

			
		  		  	 Santa Clara, CA 95054

			
		  	 ACCOUNT NUMBER:
	  	 3300645560

			
		  	 ABA ROUTING NUMBER:
	  	 121140399

			
		  	 SWIFT CODE:
	  	 SVBKUS6S

			
		  	 REFERENCE:
	  	 Capnia, Inc. – 2014 Bridge Financing Extension

			
		  		  	 (REQUIRED FOR ALL WIRES)Prepared by R.R. Donnelley Financial -- EX-10.23

 Exhibit 10.23 

SECOND TRANCHE SUBSEQUENT CLOSING NOTICE AND LETTER AMENDMENT 

October 22, 2014 
 Dear Investors:

 Capnia, Inc. (the “Company”) is providing you with a general update regarding the Second Tranche
Subsequent Closings of the Company’s 2014 bridge financing (the “2014 Bridge Financing”), expected to occur beginning on or about October 30, 2014. Under the Convertible Note and Warrant Purchase Agreement dated as of
April 28, 2014, as subsequently amended (the “Purchase Agreement”), the Company, at the Second Tranche Initial Closing that occurred on or about August 25, 2014, sold approximately $249,682.68 worth of Notes, together with
related Warrants. The Company is now increasing the period following the Second Tranche Initial Closing pursuant to which the Company may sell up to the balance of the remaining unissued Notes in the aggregate principal amount of up to $499,337.52.

 Your pro rata amount of the $499,337.52 in Notes available for sale and issuance in all Second Tranche Subsequent
Closings is set forth on Attachment 1 attached hereto. If all the remaining unissued Notes are sold in the Second Tranche Subsequent Closings, then the Company will have sold and issued an aggregate of $749,020.20 in principal amount in Notes
in the Second Tranche Initial Closing and all Second Tranche Subsequent Closings, and $2,496,701.48 in principal amount in Notes in all Closings under the Purchase Agreement to date. Your pro rata amount of the remaining unissued Notes, together
with related Warrants, available for sale and issuance in the Second Tranche Subsequent Closings is set forth opposite your name under the column “Total Second Tranche Subsequent Closing Purchase Price”. This funding amount includes
payment for both your additional Second Tranche Note and also your additional Second Tranche Warrant. Also please find wire instructions to the Company account provided as Attachment 2. In order to participate in the Second Tranche Subsequent
Closings, please wire your funds by October 30, 2014. 
 The Second Tranche Subsequent Closings are currently scheduled
to occur beginning on or about October 24, 2014, or such other date as may be approved by holders of at least two-thirds (2/3) in interest of the Notes. The Company is hereby requesting your approval to extend the period in which Second
Tranche Subsequent Closings may occur until December 31, 2014, or until the Company has sold the remaining unissued Notes, up until an aggregate of $499,337.52 in principal amount of Notes has been sold in all Second Tranche Subsequent
Closings. 
 Please acknowledge receipt of this Second Tranche Subsequent Closing Notice and Letter Amendment and your
agreement to extend the Second Tranche Subsequent Closing Period until December 31, 2014, and your intent to participate in the Second Tranche Subsequent Closings, by signing below and returning a copy by fax (650-213-8383, Attn: David
O’Toole and Antoun Nabhan) or by email and copying David O’Toole (dotoole@capnia.com) and Antoun Nabhan (anabhan@capnia.com) as soon as possible, and in any event no later than October 24, 2014. 

This Second Tranche Subsequent Closing Notice and Letter Amendment is being delivered in accordance with
Section 1.3(b)(i) of the Purchase Agreement. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement. 
  

 

 We appreciate your attention on short notice and thank you for your continued
support. 
 Sincerely, 

/s/ Anish Bhatnagar, MD 

Anish Bhatnagar, MD 

President 
  

 
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	 Vivo Ventures V Affiliates Fund, L.P.

		
	 By:
	 	 /s/ Edgar G. Engleman

			
		
	Name:	 	 Edgar G. Engleman

			
		
	Title:	 	 Managing Member,

	
	Vivo Ventures V, LLC
	
	General Partner of Vivo Ventures V Affiliates Fund, L.P.

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	Vivo Ventures V Fund V, L.P.
		
	 By:
	 	 /s/ Edgar G. Engleman

			
		
	Name:	 	 Edgar G. Engleman

			
		
	Title:	 	 Managing Member,

	
	Vivo Ventures V, LLC
	
	General Partner of Vivo Ventures Fund V, L.P.

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	Mario Family Limited Partners LP
		
	 By:
	 	 /s/ Christopher B. Mario

			
		
	Name:	 	 Christopher B. Mario

			
		
	Title:	 	 Manager of Melmotte LLC

	
	Melmotte LLC, its general partner

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
		
	 By:
	 	 /s/ Steinar J. Engelsen

			
		
	Name:	 	 Steinar J. Engelsen

			
		
	Title:	 	 

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

 

			
	AGREED AND ACKNOWLEDGED
	
	ITHACA PARTNERS LLC
		
	 By:
	 	 /s/ Anastasios Parafestas

			
		
	Name:	 	 Anastasios Parafestas

			
	
	By: Promerica Capital, LLC its Sole Member
	
	By: Vice President of Promerica, Inc., its Manager

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

			
	AGREED AND ACKNOWLEDGED
	
	GORE CREEK LLC
		
	 By:
	 	 /s/ Tas Parafestas

			
		
	Name:	 	 Tas Parafestas

			
		
	Title:	 	 Manager

  
  
  

 
  
  

Capnia, Inc. - Second Tranche Subsequent Closing Notice and Letter Amendment 

         ATTACHMENT 1 

SECOND TRANCHE CLOSING AMOUNTS 
  

							
	Name	  	  Second Tranche  
Note Principal
Amount	  	
Second

Tranche
Warrant
      Purchase      
Price
	  	    Total Second Tranche Purchase   
 
Price
	 	 	 	 
	Vivo Ventures Fund V, L.P.	  	$314,716.94	  	$314.72	  	$315,031.66
	 	 	 	 
	Vivo Ventures Fund Affiliates V, LP	  	$3,693.56	  	$3.69	  	$3,697.25
	 	 	 	 
	Mario Family Partners LP	  	$39,805.95	  	$39.81	  	$39,845.76
	 	 	 	 
	John J. Mack	  	$39,609.57	  	$39.61	  	$39,649.18
	 	 	 	 
	Robert K. Steel	  	$39,649.22	  	$39.65	  	$39,688.87
	 	 	 	 
	Ithaca Partners LLC	  	$29,736.91	  	$29.74	  	$29,766.65
	 	 	 	 
	Gore Creek LLC	  	$9,912.31	  	$9.91	  	$9,922.22
	 	 	 	 
	A. Morris Williams, Jr.	  	$13,216.37	  	$13.22	  	$13,229.59
	 	 	 	 
	Ron Haak	  	$2,643.26	  	$2.64	  	$2,645.90
	 	 	 	 
	Clyde D. Wagner Living Trust dated June 6, 2001	  	$1,321.60	  	$1.32	  	$1,322.92
	 	 	 	 
	Shifteh Karimi Wagner Living Trust dated June 6, 2001	  	$1,321.60	  	$1.32	  	$1,322.92
	 	 	 	 
	Steinar J. Engelsen	  	$423.17	  	$0.42	  	$423.59
	 	 	 	 
	Hadar Cars AB	  	$423.17	  	$0.42	  	$423.59
	 	 	 	 
	WS Investment Company, LLC (2014A)	  	$2,606.10	  	$2.61	  	$2,608.71
	 	 	 	 
	Michael Danaher and Carol Danaher, Trustees of the Danaher Family Trust dtd. 6/29/04	  	$205.02	  	$0.21	  	$205.23
	 	 	 	 
	Mario Rosati	  	$52.77	  	$0.05	  	$52.82
	 	 	 	 
	
TOTAL  
	  	$499,337.52	  	$ 499.34	  	$499,836.86

  
 Capnia, Inc. - Second Tranche
Subsequent Closing Notice and Letter Amendment 

 ATTACHMENT 2 

COMPANY WIRE INSTRUCTIONS 
  

					
		  	 ACCOUNT NAME:
	  	 Capnia, Inc.

			
		  	 THE BANK:
	  	 Silicon Valley Bank

			
		  		  	 3003 Tasman Road

			
		  		  	 Santa Clara, CA 95054

			
		  	 ACCOUNT NUMBER:
	  	 3300645560

			
		  	 ABA ROUTING NUMBER:
	  	 121140399

			
		  	 SWIFT CODE:
	  	 SVBKUS6S

			
		  	 REFERENCE:
	  	 Capnia, Inc. – 2014 Bridge Financing Extension

			
		  		  	 (REQUIRED FOR ALL WIRES)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]