Document:

Amended and Restated Registration Rights Agreement

 Exhibit 10.1 
  
 AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 
  
 THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT is made and entered
into as of the 30th day of September, 2003, by and among Inet Technologies, Inc., a Delaware corporation (the “Company”), and both of Samuel S. Simonian and Elie S. Akilian (each, a “Stockholder” and together, the
“Stockholders”). 
  
 RECITALS: 
  
 WHEREAS, the Company and the Stockholders are parties to a certain
Registration Rights Agreement, dated July 23, 1998 (the “Prior Agreement”); 
  
 WHEREAS, in accordance with a request for registration made by the Stockholders pursuant to the Prior Agreement, the Company is presently effecting the registration under the 1933 Act (defined below) of the resale of
shares of Common Stock of the Company held by the Stockholders (the “Current Offering”) pursuant to a Form S-3 registration statement (Reg. No. 333-108888); 
  
 WHEREAS, by virtue of Section 1.12 of the Prior Agreement, the Stockholders’ and their affiliates’ (as listed in
Schedule I to the Prior Agreement) rights to include any of their shares of Common Stock in any future registrations by the Company will expire to the extent not exercised by October 1, 2003; 
  
 WHEREAS, whether or not the Current Offering is successfully completed, the
Stockholders will continue to individually own a significant number of shares of Common Stock; 
  
 WHEREAS, the parties believe that the historic public trading float of the Common Stock is thin relative to the Company’s total capitalization and that amending the Prior Agreement on the terms and conditions
provided herein will, among other things, enhance opportunities for future orderly resales of shares by the Stockholders and their affiliates without imposing additional direct costs on the Company, thus minimizing the Stockholders’ reliance on
resales pursuant to SEC Rule 144 and privately negotiated transactions, in the interest of increasing the public trading float of the Common Stock and minimizing any adverse effects on the prevailing market price of the Common Stock resulting from
resales by the Stockholders. 
  
 AGREEMENT: 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants set
forth herein, and certain other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Stockholders hereby agree as follows: 
  
 Section 1. Registration Rights. 
  
 1.1 Definitions. For purposes of this Section 1: 
  
 (a) The term “1933 Act” means the Securities Act of 1933, as amended. 

 (b) The term “1934 Act” means the Securities Exchange Act of 1934, as amended. 
  
 (c) The term “Form S-3” means such form under the 1933 Act as in
effect on the date hereof or any registration form under the 1933 Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

 
 (d) The term “Holder” means any person owning Registrable
Shares or any assignee thereof in accordance with Section 1.9 hereof. 
  
 (e) The terms “register”, “registered” and “registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the 1933 Act, and the
declaration or ordering of effectiveness of such registration statement or document. 
  
 (f) The term “Registrable Shares” means (i) shares of Common Stock of the Company held by the Stockholders and their affiliates listed on Schedule I hereto and (ii) any Common Stock of the Company
issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of the shares referenced in (i) above,
excluding in all cases, however, any Registrable Shares sold by a Stockholder in a transaction in which such Stockholder’s rights under this Section 1 are not assigned. 
  
 (g) The term “SEC” means the Securities and Exchange Commission. 
  
 1.2 Company Registration. 
  
 (a) If (but without any obligation to do so) the Company proposes to
register (including for this purpose a registration effected by the Company for its own account or for stockholders other than the Stockholders) any of its Common Stock in a firm-commitment underwritten public offering under the 1933 Act, for the
account of the Company or any security holder, the Company shall, at such time, promptly give each of the Holders written notice of such registration. Upon the written request of any one or more of the Holders given within twenty (20) days after
mailing of such notice by the Company, then, subject to Section 1.2(b) hereof, the Company shall cause to be registered under the 1933 Act all of the Registrable Shares that any such Holder has requested to be registered. 
  
 (b) The Company shall not be required under this Section 1.2 to include any
of the Holders’ securities in any such underwriting unless they (i) accept the terms of the underwriting as agreed upon between the Company and the underwriters selected by it (or by other persons entitled to select the underwriters), and (ii)
complete and execute all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, and then only in such quantity as the underwriters determine
in their sole discretion will not, jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Shares, requested by stockholders to be included in an offering effected under this Section 1.2,
exceeds the amount of securities that the underwriters determine in their sole discretion is compatible 

  

 2 

 
with the success of the offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable
Shares, which the underwriters determine in their sole discretion will not jeopardize the success of the offering (the securities so included to be apportioned pro rata among the Holders and other stockholders entitled to participate therein
according to the total amount of securities entitled to be included therein owned by each Holder and other such stockholder or in such other proportions as shall mutually be agreed to by such Holders and other such stockholders; provided that
in no event shall any shares being sold by the Company be excluded from such offering until all shares which stockholders propose to include in such offering are first excluded. 
  
 1.3 Request for Registration. 
  
 (a) At any time and from time to time commencing one year after the last sale of shares in the Current Offering, or if the
Current Offering is terminated prior to any sale of shares under the related registration statement, then commencing on the date that the Current Offering is withdrawn from SEC registration, each Stockholder on two occasions may deliver to the
Company a written request that the Company file a registration statement under the 1933 Act covering the registration of Registrable Securities with an anticipated aggregate offering price, net of underwriting discounts and commissions, of not less
than $20,000,000, in which case the Company shall: 
  
 (i)
within ten (10) days of the receipt thereof, give written notice of such request to all Holders; and 
  
 (ii) effect as soon as practicable, and in any event within 60 days of the receipt of such request, the registration under the 1933 Act of all
Registrable Securities which the Holders request to be registered, subject to the limitations of subsection 1.3(b), within twenty (20) days of such notice by the Company. 
  
 (b) The underwriter of any registration under this Section 1.3(b) will be selected by the Company and shall be reasonably
acceptable to a majority in interest of the of the Stockholder(s) initiating the registration request hereunder (the “Initiating Stockholders”). In such event, the right of any Holder to include such Holder’s Registrable Securities in
such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders participating in such
registration shall (together with the Company) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Section 1.3, if the underwriter
advises the Initiating Stockholders in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Initiating Stockholders shall so advise all Holders participating in such registration, and the number of
shares of Registrable Securities that may be included in the underwriting shall be allocated among all Holders thereof, including the Initiating Stockholders, in proportion (as nearly as practicable) to the amount of Registrable Securities of the
Company owned by each Holder; provided, however, that the number of shares of Registrable Securities to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the
underwriting. 
  

 3 

 (c) Notwithstanding the foregoing, if the Company shall furnish to the Initiating Stockholders
requesting a registration statement pursuant to this Section 1.3, a certificate signed by a majority of the members of the Board of Directors of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would
be seriously detrimental to the Company and its stockholders for such registration statement to be filed and therefore is essential to defer the filing of such registration statement, the Company shall have the right to defer taking action with
respect to such filing for a period of not more than 120 days after receipt of the request of the Initiating Stockholders; provided, however, that the Company may not utilize this right more than once in any 12-month period.

  
 (d) In addition, the Company shall not be obligated to
effect, or to take any action to effect, any registration pursuant to this Section 1.3: 
  
 (i) After the Company has effected a total of four registrations pursuant to this Section 1.3 (no more than two of which registrations may be initiated by any one Stockholder) and such registrations have been declared
or ordered effective by the SEC; 
  
 (ii) During the period
starting with the date sixty (60) days prior to the Company’s good faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of, a registration subject to Section 1.2 hereof; provided
that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become effective; 
  
 (iii) At any time prior to one year following the date that the registration statement relating to any registration requested pursuant Section 1.3 is
declared or ordered effective by the SEC; or 
  
 (iv) Unless the
offering that is the subject of the registration is underwritten on a firm-commitment basis by a nationally recognized investment banking firm (or syndicate managed by such a firm). 
  
 1.4 Expenses of Company Registration. With respect to any registration pursuant to Section 1.2, the (a) selling
Stockholders shall bear and pay, severally in proportion to the amount of shares included by the selling Stockholders or as otherwise mutually agreed by the selling Stockholders, all expenses incurred by, or incident to the participation of, the
selling Stockholders in any such registration, including (without limitation), all fees and expenses of custodians, attorneys-in-fact, accountants, counsel and other persons retained by the selling Stockholders, and all SEC, NASD, state securities
law compliance and other registration, filing and qualification fees and expenses and printing and other fees and expenses relating or apportionable to the Registrable Shares included by the selling Stockholders in any such registration, and (b) the
Company shall bear and pay all expenses incurred by, or incident to the participation of, the Company in any such registration, including (without limitation), all fees and expenses of accountants, counsel and other persons retained by the Company;
and all SEC, NASD, state securities law compliance and other registration, filing and qualification fees and expenses and all printing and other fees and expenses relating or apportionable to the shares included by the Company in any such
registration; provided, that all underwriter and selling broker fees and underwriting discounts and commissions relating to any shares included therein shall be borne and paid by the person selling such shares. 

  

 4 

 1.5 Expenses of Demand Registration. With respect to any registration pursuant to Section 1.3, the
selling Stockholders shall bear and pay, severally in proportion to the amount of shares offered by the selling Stockholders therein or as otherwise mutually agreed by the selling Stockholders, all expenses incurred by, or incident to the
participation of, the selling Stockholders or the Company in any such registration, including (without limitation), all fees and expenses of custodians, attorneys-in-fact, accountants, counsel and other persons retained by the selling Stockholders
or the Company, and all SEC, NASD, state securities law compliance and other registration, filing and qualification fees and expenses and printing and other fees and expenses. All underwriter and selling broker fees and underwriting discounts and
commissions relating to any shares included therein shall be borne and paid by the person selling such shares. 
  
 1.6 Furnish Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to Section 1 with respect
to the Registrable Shares that the Holders shall furnish to the Company such information regarding the Holders, the Registrable Shares held by the Holders, and the intended method of disposition of such securities as shall be required to effect the
registration of the Registrable Shares. 
  
 1.7 Delay of
Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this
Section 1. 
  
 1.8 Indemnification. In the event any
Registrable Shares are included in a registration statement under this Section 1: 
  
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder from and against any losses, claims, damages, or liabilities (or actions in respect thereof) (joint or several) (including
reasonable legal or other out-of-pocket expenses incurred by such Holder as a consequence of any such loss, claim, damage or liability (or actions in respect thereof)) to which they may become subject under the 1933 Act, the 1934 Act or other
federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively, a “Violation”): (i) any
untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) the omission or
alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, or any rule or
regulation promulgated under the 1933 Act, or the 1934 Act; provided, however, that the indemnity agreement contained in this subsection 1.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action in
respect thereof if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action in respect
thereof to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by a Holder. 

  

 5 

 (b) To the extent permitted by law, each of the Holders, severally and not jointly, will indemnify and
hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the 1933 Act, any other holder selling securities in such
registration statement, against any losses, claims, damages, or liabilities (or actions in respect thereof) (joint or several) to which any of the foregoing persons may become subject (including reasonable legal or other out-of-pocket expenses
incurred by any such person as a consequence of any such loss, claim damage or liability (or action in respect thereof)), under the 1933 Act, or the 1934 Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or
actions in respect thereof) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder expressly
for use in connection with such registration; and such Holder will pay any legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to this subsection 1.8(b), in connection with investigating or defending any
such loss, claim, damage, liability, or action; provided, however, that the indemnity agreement contained in this subsection 1.8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement
is effected without the consent of such Holder, which consent shall not be unreasonably withheld. 
  
 (c) Promptly after receipt by an indemnified party under this Section 1.8 of notice of the commencement of any action (including any governmental
action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.8, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall
have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however,
that an indemnified party (together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such
proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability
to the indemnified party under this Section 1.8, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.8.

  
 (d) If the indemnification provided for in this Section 1.8
is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage, or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party
hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one
hand 

  

 6 

 
and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as
well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such
statement or omission. 
  
 (e) The obligations of the Company and
Holders under this Section 1.8 shall survive the completion of any offering of Registrable Shares in a registration statement under this Section 1, and otherwise. 
  
 1.9 Assignment of Registration Rights. The rights to include Registrable Shares in a registered offering pursuant to
Section 1.2 or 1.3 may be assigned by a Holder of Registrable Shares to another person who receives at least 10,000 Registrable Shares from the transferring Holder. 
  
 1.10 Termination of Registration Rights. No Holder shall be entitled to exercise the registration rights
provided for in Sections 1.2 or 1.3 after the earlier to occur of (i) October 1, 2008, or (ii) the date on which such Holder may sell all of the Registrable Securities held by such Holder in any 90-day period pursuant to the terms of SEC Rule 144 as
such rule is then in effect. 
  
 Section 2. Covenant of the Stockholders.

  
 Each of the Stockholders covenant and agree that such
Stockholder shall comply in all respects with the requirements of the 1933 Act and the 1934 Act, including the rules and regulations promulgated thereunder, in the sale of Registrable Shares. 
  
 Section 3. Miscellaneous. 
  
 3.1 Successors and Assigns. Except as otherwise provided herein, the
terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties (including transferees of any shares of Registrable Shares). Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

  
 3.2 Governing Law. This Agreement shall be governed by
and construed under the laws of the State of Texas, without giving effect to conflicts of law principles. 
  
 3.3 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 
  
 3.4 Titles
and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
  

 7 

 3.5 Notices. All notices and other communications hereunder shall be in writing and shall be given
personally or by commercial delivery service, or mailed by registered or certified mail (return receipt requested) or sent via facsimile (with confirmation of receipt) to the parties, addressed as follows: 
  

	 To the Company:
	  	Inet Technologies, Inc.
	 	  	 1500 North Greenville Avenue
 Richardson,
Texas 75081
 Attention: Legal Department
 Fax: (469)
330-3510
  
 With a copy to:
  
 Andrews Kurth LLP
 111 Congress Avenue, Suite 1700
 Austin, Texas 78701
 Attention: Ronald G. Skloss
 Fax: (512) 320-9292

		
	To the Stockholders:	  	c/o such Stockholder at the Company or such Stockholder’s most recent home address shown on the Company’s records

  
 , or such other address as such party
shall have specified pursuant to this Section. Notice given by personal delivery, courier service or mail shall be effective upon actual receipt. Notice given by telecopier shall be confirmed by appropriate answer back and shall be effective upon
actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next business day after receipt of not received during the recipient’s normal business hours. All notices by telecopier
should be confirmed promptly after transmission in writing by certified mail or personal delivery. 
  
 3.6 Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the Stockholders holding a majority of the Registrable Shares held by the Stockholders. 
  
 3.7 Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

  
 3.8 Entire Agreement. This Agreement constitutes the
full and entire understanding and agreement between the parties with regard to the subject matter hereof, and supercedes all other agreements relating to the subject matter hereof, including, without limitation, the Prior Agreement; provided,
however, the rights and obligations of the Company and the Stockholders with respect to the Current Offering shall be governed and controlled by the Prior Agreement and the terms of the Prior Agreement shall not be superceded by this Agreement with
respect to the Current Offering. 
  

 8 

 [Signature page follows.] 
  

 9 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Registration Rights
Agreement as of the date first above written. 
  

	INET TECHNOLOGIES, INC.
	
	 By:

	 Name:

	 Title:

	
	STOCKHOLDERS:
	
	  

 SAMUEL S. SIMONIAN

	
	  

 ELIE S. AKILIAN

 Schedule I 
  
 Affiliates of Stockholders 
  
 Natalie Akilian 
   c/o Elie Akilian 
  
 Michael Akilian 
   c/o Elie Akilian 
  
 Sevahn
Simonian 
   c/o Samuel Simonian 
  
 Gahreen Simonian 
   c/o Samuel Simonian 
  
 Nelly Simonian 
   c/o Samuel SimonianPrepared by R.R. Donnelley Financial -- Employment Offer Letter dated September 5, 2002 to Clyde Foster

 EXHIBIT 10.17 
  
 September 5, 2002 
  
 Mr. Clyde Foster 

	 
	

	 
	

  

	Re:	Employment Offer 

  
 On behalf of Pumatech, Inc., I am pleased to offer you the position of Senior Vice President of Sales and Marketing. This letter is intended to describe the terms of our offer of employment to you. We anticipate that
your start date will be September 9, 2002. You will report directly to me. This is a full-time position, and you agree to devote all of your business time and attention to the business of the Company during the term of your employment. 

 
 Your starting base salary will be $240,000 per year, payable in accordance with the normal
payroll practices of the Company. In addition, you will be eligible to earn a commission-based bonus, pursuant to a written commission plan, of up to $160,000 annually at quota, with additional over quota commission possible up to a maximum of
$80,000 annually. The terms and conditions of your commission plan shall be determined by you and me promptly after you commence employment with the Company, but in any event no later than October 31, 2002. The commission plan shall provide that you
will receive a minimum first year bonus (for the one year period ending July 31, 2003) of $60,000. This first year guaranteed bonus will be paid quarterly as follows: if your quarterly bonus payment for any quarter falls below $15,000 and causes the
value of your average quarterly bonuses received to date to fall below $15,000, the Company shall increase the amount payable to you to bring your average quarterly bonus up to $15,000. 
  
 As a full-time employee, you will be eligible to participate in the Company’s medical, dental, life insurance, and long-term disability
programs as of the first day of your employment. You will also be eligible to participate in Pumatech’s flexible spending account and 401(k) programs, subject to normal eligibility and enrollment restrictions, as of the first day of your
employment. The Company retains the right to modify or change its benefits and compensation policies from time to time as it deems necessary. 
  
 In addition, it will be recommended to the Company’s Board of Directors that you be granted an option for 300,000 shares of common stock under the Company’s
1993 Stock Plan, as amended. Pursuant to Pumatech’s standard stock option agreement, your shares will vest over a four year period, beginning on your start date, with 25% “cliff” vesting at the end of the first year and the remainder
vesting monthly during your employment until fully vested. The exercise price shall be the fair market value of the shares on the date of the option grant. As an officer of Pumatech, you will be subject to the Company’s Insider Trading Policy
and other applicable securities laws. The Policy is attached to this letter for your information. 
  
 You will also receive an additional grant of an option for 100,000 shares of common stock of the Company in lieu of participation in the Pumatech, Inc. 2003 Executive Stock Incentive Program (the “Program”).
Such option will vest in accordance with the terms of the Program, with the substitution of “16,666” for “8,333” and “1,190” for “595” in Section 3.(c)(i) of the Program. For reference purposes, a copy of the
Program is attached to this Letter. 

 Mr. Clyde Foster 
 September 5, 2002 
 Page 2 
  
 If the Company terminates your employment at any time other
than for “Good Reason” (as hereinafter defined), then you shall be entitled to receive as a severance six months continuation of your base salary, based upon your base salary as of the date your employment ceases, provided that you first
sign a comprehensive release of claims in favor of the Company, in the form attached hereto as Exhibit A, and that release becomes effective according to its terms. If your base salary is reduced below $240,000 for any reason then you will be paid
severance as if your salary was $240,000. 
  
 As used herein, a termination for
“Good Reason” means a termination for any of the following reasons: fraud, theft, dishonesty, conviction of a felony, or willful misconduct. 
  
 If during the first year of your employment, you elect to move your primary residence more than 25 miles from its current location to improve your commute, the Company
will then reimburse you for your actual moving expenses up to a maximum of $25,000. 
  
 As an employee of the Company, you will be expected to abide by the Company’s rules and regulations. We will ask you to sign and comply with a proprietary information and nondisclosure agreement which requires, among other provisions,
the assignment of patent rights to any invention made during your employment at the Company and nondisclosure of proprietary information. You will also be required to submit satisfactory documentation respecting your identification and right to work
in the United States no later than three days after your employment begins. The easiest method of satisfying this requirement is to provide a valid state driver’s license, and either your Social Security card or a copy of your birth
certificate. If you do not have these documents, please call Jackie Plant in our benefits department immediately to discuss what other document will satisfy the requirements of this law. You will be asked to submit this documentation on your first
day of employment. 
  
 It is the understanding of both parties that your
employment with the Company is “at will,” and for no specific period, and accordingly may be terminated by either party at any time for any reason, with or without cause. This letter and its supporting agreements (including the Proprietary
Information and Inventions Agreement and Insider Trading Policy, the terms of which are incorporated by reference herein) constitutes the full and complete agreement between us regarding the terms of your employment with the Company. Any contrary or
inconsistent representations which may have been made or which may be made to you are superseded by this offer. Any modifications of the terms set out herein must be in writing and signed by yourself and an authorized representative of Pumatech.

  
 If you accept this offer, please sign this letter and the enclosed agreements,
and return them to me personally, by facsimile. We will follow up with the executed originals within one (1) day. This offer is contingent upon your countersignature of this letter and the accompanying documents. This offer will remain open for
three days from receipt. If you have any questions, please contact me directly. 
  
 Clyde, we look forward to having you join the Pumatech team. 
  
 Sincerely, 
  

	 
	
	/s/    WOODSON M. HOBBS
	

	 Woodson M. Hobbs
 President and
CEO

  
 Accepted and Agreed: 
  
  

			
	/s/    CLYDE FOSTER      	 	 	 	Date: September 5, 2002
	
	 	 	 	 
	Clyde Foster	 	 	 	 

  
 Attachments 
  
 A) Comprehensive Release of Claims 
 B) Proprietary Information and Inventions Agreement 
 C) Insider Trading
Policy 
 D) 2003 Executive Stock Incentive Program 

 Mr. Clyde Foster 
 September 5, 2002 
 Page 3 
  
 Attachment A 
  
 Release Agreement 
  
 This Release Agreement (the “Agreement”), dated as of 9/5/2002, is
entered into by and between Clyde Foster (“Foster”) and Pumatech, Inc. (the “Company”). 
  
 Whereas, Foster and the Company entered into that certain letter agreement re: employment offer dated September 5, 2002 (the “Employment
Agreement”); 
  
 Whereas, pursuant to the Employment
Agreement, Foster is entitled to certain salary continuation payments if his employment is terminated other than for “Good Reason” (as defined in the Employment Agreement) and he first provides a comprehensive release of claims to the
Company; 
  
 Whereas, Foster and the Company desire to implement
the salary continuation payments contemplated by the Employment Agreement by entering into this Agreement; 
  
 THEREFORE, for good and valid consideration the sufficiency of which Foster and the Company hereby acknowledge, Foster and the Company hereby agree as
follows: 
  

	 	1.	Foster hereby releases the Company and its shareholders, officers, directors, employees, and legal successors (collectively, the “Releasees”), from any and all claims,
liabilities, demands and causes of action, whether known or unknown, which Foster has, may have or claim to have against any of the Releasees as of the date Foster executes this Agreement, including but not limited to all claims, liabilities,
demands and causes of action which relate to or arise out of Foster’s employment with the Company or the termination of Foster’s employment with the Company. 

  

	 	2.	Foster hereby agrees not to file any lawsuit or other action to assert such claims, which include, but are not limited to, any claims of wrongful termination, breach of contract,
fraud, infliction or emotional distress or any claims of age, race, sex, disability, national origin or other discrimination or harassment under federal, state or local laws prohibiting such discrimination or harassment. 

  

	 	3.	Foster has read Section 1542 of the Civil Code of the State of California, which states in its entirety: 

  

	 	    	A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which is known by him must
have materially affected his settlement with the debtor. 

  

	 	4.	Foster hereby waives any right or benefit he has under Section 1542 or any similar law of any other jurisdiction, including New Hampshire, to the full extent that he may lawfully
waive such rights with respect to his release of claims. Foster acknowledges that he is releasing all known and unknown claims by signing this document. 

  

	 	5.	Foster specifically agrees that this Agreement releases any claims he might under the Age Discrimination in Employment Act (“ADEA”), and that he specifically agrees not to
file any lawsuit or other action to assert such a claim. 

 Mr. Clyde Foster 
 September 5, 2002 
 Page 4 
  

	 	6.	Foster has carefully read and fully understands this Agreement and the release contained herein and has not relied on any statement, written or oral, which is not set forth in this
document. 

  

	 	7.	Foster will be provided up to 21 days from the date this Agreement is presented to him to accept the terms of this Agreement, although he may accept it at any time within those 21
days. Foster is advised, if he wishes, to consult with an attorney regarding this Agreement. The Company agrees that Foster’s ADEA release of claims does not apply to any rights or claims that may arise under the ADEA after the Effective Date
(as hereinafter defined) of this Agreement. 

  

	 	8.	Foster may accept this Agreement by dating and signing it and returning it to the attention of the Chief Executive Officer at Pumatech. Once Foster does so, he will still have an
additional 7 days in which to revoke his acceptance by sending to Pumatech, to the attention of the Chief Executive Officer, via fax at
                    , and also by first class mail, a written statement of revocation. If Foster does not revoke, the eighth day after the
date of his acceptance will be the “Effective Date” of this Agreement. 

  

				
	Date:	 	 9/5/2002

	 	 	 	 /s/ CLYDE FOSTER

	 	 	 	 	 	 	 Clyde Foster

				
	Date:	 	 9/5/2002

	 	 	 	 /s/ WOODSON M. HOBBS

	 	 	 	 	 	 	 PUMATECH, INC.

 Attachment B 
  
 PUMA TECHNOLOGY EMPLOYEE AGREEMENT 
 REGARDING CONFIDENTIALITY AND INVENTIONS 
  
 This Agreement is intended to set forth in writing my responsibility to Puma Technology, Inc. d/b/a PUMATECH, Inc.            , a Delaware corporation
(“the Company”). I recognize that the Company is engaged in a continuous program of research, development, and production respecting its business and the business of its customers, present and future. As part of my employment with the
Company, I have certain obligations relating to inventions which I develop during that employment. 
  
 In return for my employment, or continued employment, by the Company, I acknowledge and agree that: 
  
 1.    Effective Date.    This
agreement (“Agreement”) shall be effective on                          , 200    , the
first day of my employment with the Company. 
  
 2.    Confidentiality.    I will maintain in confidence and will not disclose or use, either during or after the term of my employment any proprietary or confidential information or know-how
belonging to the Company (“Proprietary Information”), whether or not in written form, except to the extent required to perform duties on behalf of the Company. Proprietary Information refers to any information, not generally known in the
relevant trade or industry, which was obtained from the Company, or which was learned, discovered, developed, conceived, originated or prepared by me in the scope of my employment. Such Proprietary Information includes, but is not limited to,
software, technical and business information relating to the Company’s inventions or products, research and development, production processes, manufacturing and engineering processes, machines and equipment, finances, customers, marketing, and
production and future business plans and any other information which is identified as confidential by the Company. Upon termination of my employment or at the request of my supervisor before termination, I will deliver to the Company all written and
tangible material in my possession incorporating the Proprietary Information or otherwise relating to the Company’s business. These obligations with respect to Proprietary Information extend to information belonging to customers and suppliers
of the Company who may have disclosed such information to me as the result of my status as an employee of the Company. 
  
 3.    Inventions. 
  
 3.1    Definition of Inventions.    As used in this Agreement, the term
“Inventions” means any new or useful art, discovery, contribution, finding or improvement, whether or not patentable, and all related know-how. Inventions include, but are not limited to, all designs, discoveries, formulae, processes,
manufacturing techniques, semiconductor designs, computer software, inventions, improvements, and ideas. 
  

	
 initials
	 	1

 3.2    Disclosure and Assignment of Inventions. 
  
 (a)  I will promptly disclose and describe to the
Company all Inventions which I may solely or jointly conceive, develop, or reduce to practice during the period of my employment with the Company (i) which relate at the time of conception, development, or reduction to practice of the Invention to
the Company’s business or actual or demonstrably anticipated research or development, (ii) which were developed, in whole or in part, on the Company’s time or with the use of any of the Company’s equipment, supplies, facilities or
trade secret information, or (iii) which resulted from any work I performed for the Company (“the Company Inventions”). I assign all my right, title, and interest worldwide in the Company Inventions and in all intellectual property rights
based upon the Company Inventions. However, I do not assign or agree to assign any Inventions relating in any way to the Company business or demonstrably anticipated research and development which were made by me prior to my employment with the
Company, which Inventions, if any, are identified on Exhibit A to this Agreement. Exhibit A contains no confidential information. I further do not assign or agree to assign any Inventions which in no way relate to the Company business
or demonstrably anticipated research and development which are made by me during my employment with the Company, which Inventions, if any, are identified on Exhibit B to this Agreement. At the time of execution of this Agreement, there are no
Inventions listed on Exhibit B. Such Inventions will be added, along with the date of addition and signed and dated by the President of the Company and me. Counter signature by the President of Puma shall constitute acceptance of said
Invention by the Company. Exhibit B will contain no confidential information. I have no rights in any Inventions other than the Inventions specified in either Exhibit A or Exhibit B . 
  
 (b)  I recognize that Inventions relating to my
activities while working for the Company and conceived or made by me, alone or with others, within one year after termination of my employment may have been conceived in significant part while employed by the Company. Accordingly, I agree that such
Inventions shall be presumed to have been conceived during my employment with the Company and are to be assigned to the Company as a Company Invention unless and until I have established the contrary. I agree to disclose promptly in writing to the
Company all Inventions made or conceived by me for one (1) year after my term of employment, whether or not I believe such Inventions are subject to this Agreement, to permit a determination by the Company as to whether or not the Inventions should
be the property of the Company. Any such information will be received in confidence by the Company. 
  
 3.3    Nonassignable Inventions.    This Agreement does not apply to an Invention which
qualifies fully as a nonassignable Invention under the provisions of Section 2870 of the California Labor Code. 
  
 4.    The Company’s Materials.    Upon termination of my employment with the Company or at any other
time upon the Company’s request, I will promptly deliver to the Company, without retaining any copies, all documents and other materials furnished to me by the Company or prepared by me for the Company. 
  
 5.    Competitive
Employment.    During the term of my employment with the Company, I will not engage in any employment, consulting, or other activity in any business competitive with the Company without the Company’s written consent.

  

	
 initials
	 	2

 6.    Non-solicitation.    During the term of my
employment with the Company and for a period of two (2) years thereafter, I will not solicit or encourage, or cause others to solicit or encourage, any employees of the Company to terminate their employment with the Company. 
  
 7.    Acts to Secure Proprietary Rights.

  
 7.1    Further
Acts.    I agree to perform, during and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at its expense, in perfecting and enforcing the full benefits, enjoyment, rights and
title throughout the world in the Company Inventions. Such acts may include, but are not limited to, execution of documents and assistance or cooperation in the registration and enforcement of applicable patents and copyrights or other legal
proceedings. 
  
 7.2    Appointment of Attorney-In-Fact.    In the event that the Company is unable for any reason whatsoever to secure my signature to any lawful and necessary document required to apply for or
execute any patent, copyright or other applications with respect to any the Company Inventions (including improvements, renewals, extensions, continuations, divisions or continuations in part thereof), I hereby irrevocably appoint the Company and
its duly authorized officers and agents as my agents and attorneys-in-fact to execute and file any such application and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights or other rights thereon
with the same legal force and effect as if executed by me. 
  
 8.    No Conflicting Obligations.    My performance of this Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence proprietary information,
knowledge or data acquired by me prior to my employment with the Company. I will not disclose to the Company, or induce the Company to use, any confidential or proprietary information or material belonging to any previous employer or other person or
entity. I am not a party to any other agreement which will interfere with my full compliance with this Agreement. I will not enter into any agreement, whether written or oral, in conflict with the provisions of this Agreement. 
  
 9.    Survival.    Notwithstanding the termination of my employment, Section 3.2 and Articles 2, 6, and 7 shall survive such termination. This Agreement does not in any way restrict my right or
the right of the Company to terminate my employment at any time, for any reason or for no reason. 
  
 10.    Specific Performance.    A breach of any of the promises or agreements contained herein will result
in irreparable and continuing damage to the Company for which there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including
monetary damages if appropriate). 
  
 11.    Waiver.    The waiver by the Company of a breach of any provision of this Agreement by me will not operate or be construed as a waiver of any other or subsequent breach by me.

  
 12.    Severability.    If any part of this Agreement is found invalid or unenforceable, that part will be amended to achieve as nearly as possible the same economic effect as the original
provision and the remainder of this Agreement will remain in full force. 
  
 13.    Governing Law.    This Agreement will be governed by and construed in accordance with the laws of the United States and the State of California. 
  
 14.    Choice of Forum.    The
parties hereby submit to the jurisdiction of, and waive any venue objections against, the United States District Court for the Northern District of California, San Jose 

  

	
 initials
	 	3

 
Branch and the Superior and Municipal Courts of the State of California, Santa Clara County, in any litigation arising out of the Agreement. 
  
 15.    Entire
Agreement.    This Agreement, including all Exhibits to this Agreement, constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous representations,
discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified only with the written consent of both me and the Company. No oral waiver, amendment or modification will be effective under any
circumstances whatsoever. 
  
 16.    Assignment.    This Agreement may be assigned by the Company. I may not assign or delegate my duties under this Agreement without the Company’s prior written approval. This
Agreement shall be binding upon my heirs, successors, and permitted assignees. 
  

	 	 	 	 	EMPLOYEE:
				
	Date	 	 	 	 	 	 
	 	
	 	 	

	 	 	 	 	 	 	 	 	Signature
				
	 	 	 	 	 	 	 
	 	 	 	 	 	

	 	 	 	 	 	 	 	 	Printed Name
				
	 	 	 	 	 	 	 Puma Technology, Inc. d/ab/a
 PUMATECH, Inc.:

					
	Date	 	 	 	 	 	By	 	 
	 	
	 	 	 	 	

	 	 	 	 	 	 	 	 	 
					
	 	 	 	 	 	 	Title	 	 
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 

  

	
 initials
	 	4

 LIMITED EXCLUSION NOTIFICATION 
  
 THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that the above Agreement between you and
the Company does not require you to assign to the Company, any invention for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on your own time, and (a) which does not relate
(1) to the business of the Company or (2) to the Company’s actual or demonstrably anticipated research or development, or (b) which does not result from any work performed by you for the Company. This limited exclusion does not apply to any
patent or invention covered by a contract between the Company and the United States or any of its agencies requiring full title to such patent or invention to be in the United States. 
  
 I ACKNOWLEDGE RECEIPT of a copy of this notification. 
  

	
	 
	

	Signature
	
	 
	

	Printed Name of Employee
		
	Dated:	 	 
	 	

  

	Witnessed by:
	
	 
	

	Representative
		
	Dated:	 	 
	 	

  

	
 initials
	 	5

 EXHIBIT A 
  

PRIOR INVENTIONS 
  

	
 initials
	 	6

 EXHIBIT B 
  

INVENTIONS DURING EMPLOYMENT AT THE COMPANY 
  

	 INVENTION:
	  	 
	 	  	

	
	 
	

	
	 
	

  

	 DATE OF INVENTION:
	  	 	 	 	  	 	  	 
	 	  	
	 	 	  	 	  	 
					
	 EMPLOYEE SIGNATURE:
	  	 	 	 	  	DATE:	  	 
	 	  	
	 	 	  	 	  	

					
	 COMPANY SIGNATURE:
	  	 	 	 	  	DATE:	  	 
	 	  	
	 	 	  	 	  	

  
 ATTACH MORE SHEETS IF NECESSARY

  

	
 initials
	 	7

 Attachment C 
  
 Insider Trading Policy 
  
 Pumatech’s Insider Trading Policy provides guidelines to employees, officers and directors of Pumatech, Inc. (the “Company”)
with respect to transactions in the Company’s securities. 
  
 Applicability of Policy 
  
 This Policy applies to all
transactions in the Company’s securities, including common stock, options for common stock and any other securities the Company may issue from time to time, such as preferred stock, warrants and convertible debentures, as well as to derivative
securities relating to the Company’s stock, whether or not issued by the Company, such as exchange-traded options. It applies to all officers of the Company, all members of the Company’s Board of Directors, and all employees of, and
consultants and contractors to, the Company and its subsidiaries who receive or have access to Material Nonpublic Information (as defined below) regarding the Company. This group of people, members of their immediate families, and members of their
households are sometimes referred to in this Policy as “Insiders.” This Policy also applies to any person who receives Material Nonpublic Information from any Insider. 
  
 Any person who possesses Material Nonpublic Information regarding the Company is an Insider for so long as the information is not publicly
known. Any employee can be an Insider from time to time, and would at those times be subject to this Policy. 
  
 Statement of Policy 
  
 General Policy 
  
 It is the policy of the Company to oppose the unauthorized disclosure of any nonpublic information acquired in the work-place and the misuse of Material Nonpublic
Information in securities trading. 
  
 Specific Policies

  
 1.    Trading on Material Nonpublic
Information.    No director, officer or employee of, or consultant or contractor to, the Company, and no member of the immediate family or household of any such person, shall engage in any transaction involving a purchase or
sale of the Company’s securities, including any offer to purchase or offer to sell, during any period commencing with the date that he or she possesses Material Nonpublic Information concerning the Company, and ending at the close of business
on the second Trading Day following the date of public disclosure of that information, or at such time as such nonpublic information is no longer material. As used herein, the term “Trading Day” shall mean a day on which national stock
exchanges and the National Association of Securities Dealers, Inc. Automated Quotation System (NASDAQ) are open for trading. 
  
 2.    Tipping.    No Insider shall disclose (“tip”) Material Nonpublic Information to any other person (including
family members) where such information may be used by such person to his or her profit by trading in the securities of companies to which such information relates, nor shall such Insider or related person make recommendations or express opinions on
the basis of Material Nonpublic Information as to trading in the Company’s securities. 

 3.    Confidentiality of Nonpublic Information.    Nonpublic information
relating to the Company is the property of the Company and the unauthorized disclosure of such information is forbidden. 
  
 Potential Criminal and Civil Liability and/or Disciplinary Action 
  
 1.    Liability for Insider Trading.    Insiders may be subject to penalties of up to
$1,000,000 and up to ten years in jail for engaging in transactions in the Company’s securities at a time when they have knowledge of nonpublic information regarding the Company. 
  
 2.    Liability for Tipping.    Insiders may also be liable for improper transactions by any
person (commonly referred to as a “tippee”) to whom they have disclosed nonpublic information regarding the Company or to whom they have made recommendations or expressed opinions on the basis of such information as to trading in the
Company’s securities. The Securities and Exchange Commission (the “SEC”) has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of
Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover insider trading. 
  
 3.    Possible Disciplinary Actions.    Employees of the Company who violate this Policy shall also be subject to disciplinary action by the Company, which may include
ineligibility for future participation in the Company’s equity incentive plans or termination of employment. 
  
 Recommended Guidelines 
  
 1.    Recommended Trading Window.    The period beginning approximately two (2) weeks before the end of each quarter and
ending two Trading Days following the date of public disclosure of the financial results for that quarter, is a particularly sensitive period of time for transactions in the Company’s stock from the perspective of compliance with applicable
securities laws. This sensitivity is due to the fact that officers, directors and certain other employees will, during that period, often possess Material Nonpublic Information about the expected financial results for the quarter. 
  
 Accordingly, to ensure compliance with this Policy and applicable federal and state
securities laws, the Company strongly recommends that all directors, officers and employees having access to the Company’s internal financial statements or other Material Nonpublic Information refrain from conducting transactions involving the
purchase or sale of the Company’s securities other than during the period (the “trading window”) commencing at the close of business on the second Trading Day following the date of public disclosure of the financial results for a
particular fiscal quarter or year and continuing until two (2) weeks prior to the end of the next fiscal quarter. The safest period for trading in the Company’s securities, assuming the absence of Material Nonpublic Information, is probably
only the first ten days of the trading window. 
  
 From time to time, the Company
may also recommend that directors, officers, selected employees and others suspend trading because of developments known to the Company and not yet disclosed to the public. In such event, such persons are advised not to engage in any transaction
involving the purchase or sale of the Company’s securities during such period and should not disclose to others the fact of such suspension of trading. 
  
 The purpose behind the suggested self-imposed “trading window” period is to help establish a diligent effort to avoid any improper transaction. An Insider may
choose not to follow this suggestion, but he or she should be particularly careful with respect to trading outside the trading window, since the Insider may, at such time, have access to Material Nonpublic Information regarding, among other things,
the Company’s anticipated financial performance for the quarter. 

 It should be noted, however, that even during the trading window, any person possessing Material Nonpublic Information
concerning the Company should not engage in any transactions in the Company’s securities until such information has been known publicly for at least two Trading Days, whether or not the Company has recommended a suspension of trading to that
person. Trading in the Company’s securities during the trading window should not be considered a “safe harbor,” and all directors, officers and other persons should use good judgment at all times. 
  
 2.    Notification of Trades.    The Company
has determined that all officers and directors of the Company should refrain from trading in the Company’s securities, even during the trading window, without first complying with the Company’s “notification” process. Each
officer and director should contact and consult with the Company’s President prior to commencing any trade in the Company’s securities. The Company may find it necessary, from time to time, to require compliance with the notification
process from certain employees, consultants and contractors other than and in addition to officers and directors. 
  
 3.    Individual Responsibility.    Every officer, director and employee has the individual responsibility to comply with
this Policy against insider trading, regardless of whether the Company has recommended a trading window to that Insider or any other Insiders of the Company. The guidelines set forth in this Policy are guidelines only, and appropriate judgment
should be exercised in connection with any trade in the Company’s securities. 
  
 An Insider may, from time to time, have to forego a proposed transaction in the Company’s securities even if he or she planned to make the transaction before learning of the Material Nonpublic Information and even though the Insider
believes he or she may suffer an economic loss or forego anticipated profit by waiting. 
  
 Applicability of Policy to Inside Information Regarding Other Companies 
  
 This Policy and the guidelines described herein also apply to Material Nonpublic Information relating to other companies, including the Company’s customers, vendors
or suppliers (“business partners”), when that information is obtained in the course of employment with, or other services performed on behalf of, the Company. Civil and criminal penalties, and termination of employment, may result from
trading on inside information regarding the Company’s business partners. All employees should treat Material Nonpublic Information about the Company’s business partners with the same care required with respect to information related
directly to the Company. 
  
 Definition of Material Nonpublic
Information 
  
 It is not possible to define all categories of material
information. However, information should be regarded as material if there is a reasonable likelihood that it would be considered important to an investor in making an investment decision regarding the purchase or sale of the Company’s
securities. 
  
 While it may be difficult under this standard to determine whether
particular information is material, there are various categories of information that are particularly sensitive and, as a general rule, should always be considered material. Examples of such information may include: 
  

	 	•	Financial results 

  

	 	•	Projections of future earnings or losses 

	 	•	News of a pending or proposed merger 

  

	 	•	News of the disposition of a subsidiary 

  

	 	•	Impending bankruptcy or financial liquidity problems 

  

	 	•	Gain or loss of a substantial customer or supplier 

  

	 	•	Changes in dividend policy 

  

	 	•	New product announcements of a significant nature 

  

	 	•	Significant product defects or modifications 

  

	 	•	Significant pricing changes 

  

	 	•	Stock splits 

  

	 	•	New equity or debt offerings 

  

	 	•	Acquisitions 

  

	 	•	Significant litigation exposure due to actual or 

  

	 	•	Threatened litigation 

  

	 	•	Major changes in senior management. 

  
 Either positive or negative information may be material. 
  
 Nonpublic information is information that has not been previously disclosed to the general public and is otherwise not available to the general public. 
  
 Certain Exceptions 
  
 For purposes of this Policy, the Company considers that the exercise of stock options for
cash under the Company’s stock option plans or the purchase of shares under the Company’s employee stock purchase plan (but not the sale of any such shares) is exempt from this Policy, since the other party to the transaction is the
Company itself and the price does not vary with the market but is fixed by the terms of the option agreement or the plan. 
  
 Additional Policies—Directors and Officers 
  
 1.    Section 16.    Directors and officers of the Company must also comply with the reporting obligations and limitations
on short-swing transactions set forth in Section 16 of the Securities Exchange Act of 1934, as amended. The practical effect of these provisions is that officers and directors who purchase and sell the Company’s securities within a six-month
period must disgorge all profits to the Company whether or not they had knowledge of any Material Nonpublic Information. Under these provisions, and so long as certain other criteria are met, neither the receipt of an option under the Company’s
option plans, nor the exercise of that option nor the receipt of stock under the Company’s employee stock purchase plan is deemed a purchase under Section 16; however, the sale of any such shares is a sale under Section 16. 
  
 The Company has provided, or will provide, separate memoranda and other appropriate materials
to its officers and directors regarding compliance with Section 16 and its related rules. 
  

 2.    Short Sales.    No officer or director shall engage in a short sale
of the Company’s securities. 
  
 Inquiries 

 
 Please direct your questions as to any of the matters discussed in this Policy to the
Company’s General Counsel, who is the Insider Trading Compliance Officer.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]