Document:

Exhibit

Exhibit 10.1

RESIGNATION AGREEMENT
AND GENERAL RELEASE OF CLAIMS
This Resignation Agreement and General Release of Claims (the “Agreement”) is entered into as of this 3rd day of August, 2017 between Brian Donahoo (the “Employee”) and AppFolio, Inc., a Delaware corporation (the “Company”).
RECITALS:
A.    Employee is currently employed by the Company as the Company’s Chief Executive Officer and President (collectively, “CEO”) and is a member of the Company’s Board of Directors.
B.    In connection with this employment, Employee and the Company entered into an Employee Proprietary Information and Inventions Agreement (the “Confidentiality Agreement”).
C.    Employee is resigning (i) his employment with the Company as CEO, (ii) all positions as a director of the Company and all of its subsidiaries (the “Director Positions”) and (iii) all positions as an officer of the Company and all of its subsidiaries (the “Officer Positions”), all as provided in this Agreement (collectively, the “Resignations”).
AGREEMENT:
1.Resignations.  Employee hereby confirms that he resigned voluntarily from his employment as CEO with the Company, the Director Positions and the Officer Positions effective as of August 8, 2017 (the “Resignation Date”).  The Company confirms that it has accepted all such Resignations as of the Resignation Date.
2.Indemnity Claims; Terms of Resignation.

(a)Indemnity Claims.  The Company shall, with respect to any claims hereafter made against Employee based on any of Employee’s positions as an employee, officer or director of the Company or any subsidiary of the Company, provide to Employee the same rights to indemnification with respect thereto as the Employee has on the date hereof.  In addition, the Company shall use its commercially reasonable efforts to purchase “tail” insurance, in liability amounts and with scope of coverage comparable to the officer and director policy in effect on the date hereof, to the maximum extent commercially reasonable.
(b)Continued Employment.  Employee shall continue to be employed by the Company, at will, after the Resignation Date through December 31, 2017, at the same base salary and with the same health care benefits as Employee had immediately prior to the Resignation Date.  Employee shall perform such services as reasonably requested of him by the then CEO or the Chairman of the Board during this period of employment.
(c)2017 Short Term Incentive Bonus.  Employee shall remain eligible to earn the 2017 short-term incentive cash bonus for which he is currently eligible as an employee of the Company.  If any such bonus is earned it will be paid at such time as other such bonus recipients are paid.
(d)Current Stock Options.  The Employee currently holds the stock options set forth on Exhibit A.  These options shall vest as set forth on Exhibit A, and shall be exercisable in accordance with the terms of their respective agreements, except as provided on Exhibit A.
(e)Long Term Incentive Bonus.  Employee is currently, as an employee, eligible for a long term incentive cash bonus in the gross amount of $2,000,000 (the “LTI Bonus”).  The LTI Bonus is currently a performance bonus which can be earned based on the Company’s “proxy free cash flow” for the calendar year 2018.  In lieu of the LTI Bonus, the Company shall pay to Employee a bonus of $1,333,333 if the Company’s “proxy free 

1

cash flow”, as defined in the Company’s long term cash incentive plan, for the calendar year 2017 is equal to or greater than the 100% long term incentive payout target amount established by the Board.  This bonus shall be paid, if earned, promptly after the audit of the Company’s 2017 financial statements is completed.  
(f)COBRA Payments.  Employee will make a COBRA election after his termination of services as an employee of the Company.  The Company will pay or reimburse Employee through calendar 2018 for the premiums Employee will be obligated to make because of this election.  However, in lieu of paying these COBRA premiums, the Company may, in its discretion, pay to Employee the lump sum amount of $10,000 on the date of Employee’s final paycheck.
(g)Taxes, Withholdings and Other Payroll Obligations.  All payments and vestings provided for in this Section 2 shall be subject to any state, federal or other (i) deductions required by any law, rule or regulation, and/or (ii) any withholdings required thereon.
3.Payment of All Wages/Equity Rights.  Except as otherwise provided in this Agreement, Employee acknowledges that, through the date hereof, he has been paid all wages and benefits (including, but not limited to, base salary, annual variable compensation, commissions, bonuses, expense reimbursements, and paid time off/vacation) that Employee earned during his employment with the Company.  Employee understands and acknowledges that he shall not be entitled to any additional compensation, payments, reimbursements, or benefits of any kind from the Company, other than as provided in Section 2 above.  With respect to any stock options or other equity granted to Employee by the Company (the “Equity”), except as otherwise provided in this Agreement, Employee understands and acknowledges that Employee’s rights with respect to any Equity that is now vested or that hereafter vests, including any rights to purchase such Equity, shall continue to be subject to and governed by the terms and conditions of the applicable Company equity plans and equity award agreements between Employee and the Company.
4.Release of Claims.  In consideration for the benefits to Employee in Section 2 above, except as otherwise provided in this Agreement, Employee and his successors release the Company and its parents, divisions, subsidiaries, and affiliated entities, and each of their respective current and former shareholders, investors, directors, officers, employees, agents, attorneys, insurers, legal successors, assigns, and affiliates of and from any and all claims, actions and causes of action, whether now known or unknown, which Employee now has, or at any other time had, or shall or may have against those released parties based upon or arising out of any matter, cause, fact, thing, act or omission whatsoever occurring or existing at any time up to and including the date on which Employee signs this Agreement, including, but not limited to, any claims of breach of express or implied contract, wrongful termination, constructive discharge, retaliation, fraud, defamation, infliction of emotional distress or national origin, race, sex, sexual orientation, disability or other discrimination or harassment under the Civil Rights Act of 1964, the Americans with Disabilities Act, the California Fair Employment and Housing Act, Texas Labor Code Chapter 21, the Texas Payday Act, and any claims under the Fair Labor Standards Act, the Fair Credit Reporting Act, the California Labor Code, or any other applicable federal, state, or local law (all listed statutes in this Section as they have been, or are in the future, amended).  This release of claims will not apply to any rights or claims that cannot be released as a matter of law or that the Securities and Exchange Commission has determined may not be released.
5.Section 1542 Waiver.  Employee acknowledges that he has read section 1542 of the Civil Code of the State of California, which states in full:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”
Employee waives any rights that Employee has or may have under section 1542 (or any similar provision of the laws of any other jurisdiction, including Texas) to the full extent that Employee may lawfully waive such rights pertaining to this general release of claims, and affirms that he is releasing all known and unknown claims that Employee has or may have against the parties listed above.
6.Release on Termination of Employment.  The Company and Employee agree to execute and deliver the General Release attached to this Agreement as Exhibit B upon the termination of Employee’s continued employment under Section 2(b).  The Company’s obligation to accelerate options as provided on Exhibit A is expressly conditioned 

2

upon the Company’s timely receipt of a valid and properly executed General Release from Employee as described herein.  The terms of the release provided for in Sections 4 and 5 above shall remain in full force and effect even if Employee fails to execute the attached General Release.
7.Continuing Obligations and Return of Company Property.  Employee acknowledges and agrees that he shall continue to be bound by and comply with the terms of the Confidentiality Agreement, including, without limitation, any non-solicitation or (if applicable) non-competition provisions of such agreement.  To the extent that Employee has not done so already upon the last day of his employment by the Company, Employee will return to the Company, in good working condition, all Company property and equipment that is in Employee’s possession or control, including, but not limited to, any files, records, computers, computer equipment, cell phones, credit cards, keys, programs, manuals, business plans, financial records, customer or partner information, and all documents (whether in paper, electronic, or other format, and any copies thereof) that Employee prepared or received, or to which Employee had access, in the course of Employee’s employment with the Company, without retaining any copies thereof.
8.Non-Disparagement.  Employee agrees that Employee will not, at any time in the future, make any critical or disparaging statements to any third parties (including, without limitation, any print or broadcast media) or through any form of social media about the Company, including all of its subsidiaries, divisions, and affiliated entities, or any of those entities’ products, services, directors, or employees, unless such statements are made truthfully in response to a subpoena or other legal process.
9.No Other Claims.  Employee represents and warrants that he has not already, and shall not at any time in the future, file any lawsuit, administrative claim, or other legal action against the Company or any of the other parties released above that are based upon or arise out of any of the matters released above.
10.Agreement Not To Assist With Other Claims.  Employee agrees that he shall not, at any time in the future, encourage any current or former Company employee, or any other person or entity, to file any legal or administrative claim of any type or nature against any of the parties released above.  Employee further agrees that he shall not, at any time in the future, assist in any manner any current or former Company employee, or any other person or entity, in the pursuit or prosecution of any legal or administrative claim of any type or nature against any of the parties released above, unless pursuant to a duly-issued subpoena or other compulsory legal process.
11.Attorneys’ Fees.  Employee and the Company will bear their own costs and attorneys’ fees incurred in the negotiation, preparation, and execution of this Agreement.  In the event of any legal action relating to or arising out of this Agreement, the prevailing party shall be entitled to recover from the losing party its/his attorneys’ fees and costs incurred in that action.
12.Counterparts and Delivery.  This Agreement may be executed by the parties separately in counterparts, and facsimile or electronic (PDF) copies of the separately-executed Agreement shall, upon exchange by delivery, facsimile, or PDF/email between the parties or their counsel, have the same force and effect as if a mutually-signed, single original agreement had been executed.
13.Governing Law.  This Agreement shall be interpreted in accordance with and governed by the laws of the State of California.
14.Severability.  If any provision of this Agreement is deemed invalid, illegal, or unenforceable, that provision will be modified so as to make it valid, legal, and enforceable, or if it cannot be so modified, it will be stricken from this Agreement, and the validity, legality, and enforceability of the remainder of the Agreement shall not in any way be affected.
15.Integration and Modification.  This Agreement, along with the Confidentiality Agreement and any other agreements referenced herein, constitutes the entire agreement between the parties with respect to the termination of their employment relationship and the other matters covered herein, and they supersede all prior negotiations and agreements between the parties regarding those matters, whether written or oral.  This Agreement may not be modified or amended except by a document signed by an authorized officer of the Company and by Employee.

3

16.No Tax Advice.  Employee hereby acknowledges that he has obtained no advice from the Company, nor its employees, officers, directors, agents, representatives or attorneys, regarding the tax consequences resulting from this Agreement or any terms or provisions thereof.
17.Venue and Jurisdiction.  The parties each hereby consent to the exclusive jurisdiction and venue for all purposes in the state courts located in Santa Barbara County, California, or the Federal District Court, located in Los Angeles, California.  Employee and Company each irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the maintenance of any such action in such venue.
EMPLOYEE UNDERSTANDS THAT EMPLOYEE MAY CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT, THAT EMPLOYEE IS ADVISED TO CONSULT WITH AN ATTORNEY AND THAT EMPLOYEE IS GIVING UP ANY LEGAL CLAIMS EMPLOYEE HAS AGAINST THE PARTIES RELEASED ABOVE BY SIGNING THIS AGREEMENT.  EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE IS SIGNING THIS AGREEMENT KNOWINGLY, WILLINGLY AND VOLUNTARILY IN EXCHANGE FOR THE BENEFITS DESCRIBED IN SECTION 2 WHICH BENEFITS EMPLOYEE WOULD NOT BE ENTITLED TO RECEIVE BUT FOR EMPLOYEE’S EXECUTION OF THIS AGREEMENT.
In Witness Whereof, the parties have executed this Agreement on August 3, 2017:

	
			
	/s/ Brian Donahoo

	Brian Donahoo
	 

	 
	 
	 

	 
	 
	 

	AppFolio, Inc.
	 

	 
	 
	 

	 
	 
	 

	By:
	/s/ Ida Kane
	 

	 
	 
	 

	Its:
	CFO
	 

4

EXHIBIT A
Brian Donahoo Outstanding Equity Awards

	
						
	Grant Date
	Plan/Type
	Shares
	Price
	Vested
	Unvested as of 12/31/17

	12/03/2014
	2007/ISO
	75,000
	$4.9200
	48,438
	18,750*

            
            
		
	*
	Vesting is 1,562 per month through December 3, 2018.  Employee shall continue to vest shares through December 31, 2017 as long as Employee is employed by the Company pursuant to Section 2(b) of the Agreement.  If Employee is still employed on December 31, 2017, all remaining shares not then vested shall, subject to Section 6 of the Agreement, vest on December 31, 2017.

A-1

5

EXHIBIT B
General Release
1.    Release of Claims.  In consideration for the Company accelerating the stock options as provided on Exhibit A to that certain Resignation Agreement and General Release between the Company and Employee dated August 3, 2017 (the “Agreement”), and except as otherwise provided in Section 2 of the Agreement, Employee and his successors release the Company and its parents, divisions, subsidiaries, and affiliated entities, and each of their respective current and former shareholders, investors, directors, officers, employees, agents, attorneys, insurers, legal successors, assigns, and affiliates of and from any and all claims, actions and causes of action, whether now known or unknown, which Employee now has, or at any other time had, or shall or may have against those released parties based upon or arising out of any matter, cause, fact, thing, act or omission whatsoever occurring or existing at any time up to and including the date on which Employee signs this General Release, including, but not limited to, any claims of breach of express or implied contract, wrongful termination, constructive discharge, retaliation, fraud, defamation, infliction of emotional distress or national origin, race, sex, sexual orientation, disability or other discrimination or harassment under the Civil Rights Act of 1964, the Americans with Disabilities Act, the California Fair Employment and Housing Act, Texas Labor Code Chapter 21, the Texas Payday Act, and any claims under the Fair Labor Standards Act, the Fair Credit Reporting Act, the California Labor Code, or any other applicable federal, state, or local law (all listed statutes in this Paragraph as they have been, or are in the future, amended).  This release of claims will not apply to any rights or claims that cannot be released as a matter of law or that the Securities and Exchange Commission has determined may not be released.
2.    Section 1542 Waiver.  Employee acknowledges that he has read section 1542 of the Civil Code of the State of California, which states in full:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”
Employee waives any rights that Employee has or may have under section 1542 (or any similar provision of the laws of any other jurisdiction, including Texas) to the full extent that Employee may lawfully waive such rights pertaining to this general release of claims, and affirms that he is releasing all known and unknown claims that Employee has or may have against the parties listed above.
In Witness Whereof, the parties have executed this General Release as of this 31st day of December, 2017.
    
	
			
	 
	 
	 

	Brian Donahoo
	 

	 
	 
	 

	 
	 
	 

	AppFolio, Inc.
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	 

	 
	 
	 

	Its:
	 
	 

B-1nvro-ex101_170.htm

Exhibit 10.1

SECOND AMENDMENT TO LEASE

This Second Amendment to Lease (the "Agreement") is entered into as of April 13, 2017, by and between WESTPORT OFFICE PARK, LLC, a California limited liability company ("Landlord"), and NEVRO CORP., a Delaware corporation ("Tenant"), with respect to the following facts and circumstances:

	
A.
	
Landlord and Tenant have previously entered into that certain Lease Agreement dated as of March 5, 2015, as amended by a First Amendment to Lease dated as of December 9, 2016 (the "First Amendment", and collectively, the "Original Lease") of certain premises more particularly described in the Original Lease.  Capitalized terms used and not otherwise defined herein shall have the meanings given those terms in the Original Lease. Effective as of the date hereof, all references to the "Lease" shall refer to the Original Lease, as amended by this Agreement.

	
B.
	
Landlord and Tenant desire to amend the Original Lease to provide for the temporary occupancy of certain space in the Temporary Space Building (as defined below) on the terms and conditions provided herein.

IT IS, THEREFORE, agreed as follows:

1.Section 4 of the First Amendment is deleted in its entirety and replaced with the following: "Intentionally Omitted."

2.The following new Article 55 is hereby added to the Lease:  

"ARTICLE 55
TEMPORARY SPACE

"55.1During the period beginning on the later of (a) delivery of possession of the Temporary Space to Tenant, (b) delivery of all certificates of insurance required by this Lease (which certificates of insurance shall specifically cover both the Temporary Space during the Temporary Space Term, as hereinafter defined, and the Premises), and (c) May 1, 2017, and ending on the date that is five (5) days after the earlier of (y) the Expansion Space Commencement Date (as defined in the First Amendment) and (z) if applicable, the date upon which Tenant gives Landlord notice of termination of the First Amendment pursuant to Section 6 of the First Amendment (such period being referred to herein as the "Temporary Space Term"), Landlord shall allow Tenant to use approximately 8,171 rentable square feet of space known as Suite No. 103 located on the first floor of the building commonly known as 1100 Island Drive, Redwood City, California 94065 (the "Temporary Space Building") as shown on Exhibit B-2 of this Lease (the "Temporary Space") for the uses permitted by this Lease.  During the Temporary Space Term, the Temporary Space shall be deemed part of the "Premises".  Such Temporary Space shall be accepted by Tenant in its "as-is" condition and configuration, it being agreed that Landlord shall be under no obligation to perform any work in the Temporary Space or to incur any costs in connection with Tenant's move in, move out or occupancy of the Temporary Space.  Tenant acknowledges that it shall be 

-1-

 

 

 

entitled to use and occupy the Temporary Space at its sole cost, expense and risk.  Tenant shall not construct any improvements or make any alterations of any type to the Temporary Space without the prior written consent of Landlord, which shall not be unreasonably withheld, conditioned or delayed; provided that Tenant may re-paint and/or re-carpet all or a portion of the Temporary Space using Building standard materials without Landlord's prior written consent.  All actual out-of-pocket costs of Landlord and any costs of Tenant in connection with making the Temporary Space ready for occupancy by Tenant shall be the sole responsibility of Tenant.  Tenant shall have no right to sublease or assign the Temporary Space.  

55.2The Temporary Space shall be subject to all the terms and conditions of the Lease except as expressly modified herein, provided that Base Rent for the Temporary Space during the Temporary Space Term shall be $28,598.50 each month during the Temporary Space Term, payable in accordance with the Lease, with the first installment due on the date Landlord delivers possession of the Temporary Space to Tenant.  If the Temporary Space Term commences on other than the first day of a calendar month or ends on other than the last day of a calendar month, then the monthly Base Rent payable for the Temporary Space for any such partial month shall be prorated to reflect the actual number of days of such partial month falling within the Temporary Space Term.  Tenant shall be required to pay Tenant's Share of Operating Expenses and Taxes for the Temporary Space during the Temporary Space Term.  Tenant's Building Percentage and Tenant's Tax Percentage with respect to the Temporary Space Building is 16.192%. Tenant's Common Area Building Percentage with respect to the Temporary Space is 0.82%.  Tenant shall not be entitled to receive any allowances, abatement or other financial concession in connection with the Temporary Space which was granted with respect to the Premises unless such concessions are expressly provided for herein with respect to the Temporary Space, and the Temporary Space shall not be subject to any renewal or expansion rights of Tenant under the Lease. 

55.3Upon termination of the Temporary Space Term, Tenant shall vacate the Temporary Space and deliver the same to Landlord in the same condition that the Temporary Space was delivered to Tenant, ordinary wear and tear excepted and damage by casualty excepted.  At the expiration or earlier termination of the Temporary Space Term, Tenant shall remove all debris, all items of Tenant's personalty, and any trade fixtures of Tenant from the Temporary Space.  Tenant shall be fully liable for all damage Tenant or Tenant's agents, employees, contractors, or subcontractors cause to the Temporary Space, ordinary wear and tear excepted and damage by casualty excepted.  

55.4Tenant shall have no right to hold over or otherwise occupy the Temporary Space at any time following the expiration or earlier termination of the Temporary Space Term, and in the event of such holdover, Landlord shall immediately be entitled to institute dispossessory proceedings to recover possession of the Temporary Space, without first providing notice thereof to Tenant.  In the event of holding over by Tenant after expiration or termination of the Temporary Space Term without the written authorization of Landlord, Tenant shall pay, for such holding over, $63,733.80 per month  for each month or partial month of holdover, plus all consequential damages that Landlord incurs as a result of the Tenant's hold over after the date that is the later of 

-2-

 

 

 

(a) the expiration or earlier termination of the Temporary Space Term, or (b) the date that is ten (10) days after Landlord has notified Tenant that Landlord has executed a letter of intent or lease with another tenant for all or any portion of the Temporary Space.  During any such holdover, Tenant's occupancy of the Temporary Space shall be deemed that of a tenant at sufferance, and in no event, either during the Temporary Space Term or during any holdover by Tenant, shall Tenant be determined to be a tenant-at-will under applicable law.  While Tenant is occupying the Temporary Space, Landlord or Landlord's authorized agents shall be entitled to enter the Temporary Space, upon reasonable notice, to display the Temporary Space to prospective tenants.

55.5Except as otherwise expressly provided in this Lease, all references to the "Building" in this Lease shall refer to the 1600 Bridge Building, the 1800 Bridge Building and the Temporary Space Building, either collectively or individually, as the context requires."

3.As additional consideration for this Agreement, Tenant hereby certifies that:

(a)The Original Lease (as amended hereby) is in full force and effect.

(b)To Tenant's knowledge, there are no uncured defaults on the part of Landlord or Tenant under the Original Lease. 

(c)There are no existing offsets or defenses which Tenant has against the enforcement of the Original Lease (as amended hereby) by Landlord.

4.Except as specifically provided herein, the terms and conditions of the Original Lease as amended hereby are confirmed and continue in full force and effect.  This Agreement shall be binding on the heirs, administrators, successors and assigns (as the case may be) of the parties hereto.  This Agreement and the attached exhibits, which are hereby incorporated into and made a part of this Agreement, together with the Original Lease, set forth the entire agreement between the parties with respect to the matters set forth herein.  There have been no additional oral or written representations or agreements.  Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Agreement.  Tenant agrees that neither Tenant nor its agents or any other parties acting on behalf of Tenant shall disclose any matters set forth in this Agreement or disseminate or distribute any information concerning the terms, details or conditions hereof to any person, firm or entity without obtaining the express written consent of Landlord.  In the case of any inconsistency between the provisions of the Lease and this Agreement, the provisions of this Agreement shall govern and control.  Submission of this Agreement by Landlord is not an offer to enter into this Agreement but rather is a solicitation for such an offer by Tenant.  Landlord shall not be bound by this Agreement until Landlord has executed and delivered the same to Tenant.

5.Landlord hereby represents and warrants to Tenant that it has dealt with no broker, finder or similar person in connection with this Agreement, and Tenant hereby represents and warrants to Landlord that it has dealt with no broker, finder or similar person in connection 

-3-

 

 

 

with this Agreement.  Landlord and Tenant shall each defend, indemnify and hold the other harmless with respect to all claims, causes of action, liabilities, losses, costs and expenses (including without limitation attorneys' fees and disbursements) with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying party's dealings with any real estate broker, agent, finder or similar person.  Nothing in this Agreement shall impose any obligation on Landlord to pay a commission or fee to any party.

6.As an inducement to Landlord to enter into this Agreement, Tenant hereby represents and warrants that:  (i) Tenant is not (nor is it owned or controlled directly or indirectly by, any person, group, entity or nation which is) named on any list issued by the Office of Foreign Assets Control of the United States Department of the Treasury ("OFAC") pursuant to Executive Order 13224 or any similar list or any law, order, rule or regulation or any Executive Order of the President of the United States as a terrorist, "Specially Designated National and Blocked Person" or other banned or blocked person (any such person, group, entity or nation being hereinafter referred to as a "Prohibited Person"); (ii) Tenant is not (nor is it owned or controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) neither Tenant (nor any person, group, entity or nation which owns or controls Tenant, directly or indirectly) has conducted or will conduct business or has engaged or will engage in any transaction or dealing with any Prohibited Person, including without limitation any assignment of the Lease or any subletting of all or any portion of the Premises or the making or receiving of any contribution of funds, goods or services to or for the benefit of a Prohibited Person.  Tenant covenants and agrees (a) to comply with all requirements of law relating to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect, (b) to immediately notify Landlord in writing if any of the representations, warranties or covenants set forth in this Section are no longer true or have been breached or if Tenant has a reasonable basis to believe that they may no longer be true or have been breached, (c) not to use funds from any Prohibited Person to make any payment due to Landlord under the Lease and (d) at the request of Landlord, to provide such information as may be reasonably requested by Landlord to determine Tenant's compliance with the terms hereof.  Any breach by Tenant of the foregoing representations and warranties shall be deemed a default by Tenant under this Lease and shall be covered by the indemnity provisions of the Original Lease.  The representations and warranties contained in this Section shall survive the expiration or earlier termination of the Lease.

7.To satisfy compliance with the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975(c) of the Internal Revenue Code, Tenant hereby certifies that the representations and warranties in Article 53 of the Original Lease are true and correct as of the date of this Agreement.

8.Pursuant to California Civil Code Section 1938, Tenant is hereby notified that, as of the date hereof, the Project has not undergone an inspection by a "Certified Access Specialist" and except to the extent expressly set forth in the Lease, Landlord shall have no liability or responsibility to make any repairs or modifications to the Premises or the Project in order to comply with accessibility standards. The following disclosure is hereby made pursuant to applicable California law: "A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a 

-4-

 

 

 

CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises."   Tenant acknowledges that Landlord has made no representation regarding compliance of the Premises or the Project with accessibility standards. Any CASp inspection shall be conducted in compliance with reasonable rules in effect at the Building with regard to such inspections and shall be subject to Landlord's prior written consent.  Notwithstanding anything contained herein or in the Original Lease to the contrary, Tenant shall not be responsible for compliance with the path of travel provisions of the Americans with Disabilities Act at any time during the Term (including any extension thereof) except for any compliance work required with reference to the particular use of Tenant (other than general office use), the acts or omissions of Tenant or any of Tenant's agents, employees, contractors, sublessees or invitees, or any alterations, additions or improvements performed by or on behalf of Tenant (other than the Expansion Space Improvements (as defined in the First Amendment)). Notwithstanding anything contained herein or in the Original Lease to the contrary, including without limitation the preceding sentence, Landlord and Tenant hereby mutually agree that in the event a CASp inspection is requested by Tenant, the fee for the CASp inspection and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within and outside the Premises noted in the CASp inspection shall be paid by Tenant.

-5-

 

 

 

IN WITNESS WHEREOF, this Agreement has been executed as of the date first above written. 

	
 
	
Tenant:

NEVRO CORP., a Delaware corporation

	
 
	
 By:
	
/s/ Andrew Galligan

	
 
	
 
	
Andrew Galligan, CFO

	
 
	
 
	
[Printed Name and Title]

	
 
	
 By:
	
/s/ Richard B. Carter

	
 
	
 
	
Richard B. Carter, VP Finance

	
 
	
 
	
[Printed Name and Title]

	
 
	
If Tenant is a corporation, this instrument must be executed by the chairman of the board, the president or any vice president and the secretary, any assistant secretary, the chief financial officer or any assistant financial officer or any assistant treasurer of such corporation, unless the bylaws or a resolution of the board of directors shall otherwise provide, in which case the bylaws or a certified copy of the resolution, as the case may be, must be attached to this instrument

 

	
 
	
LANDLORD:

 

WESTPORT OFFICE PARK, LLC,
a California limited liability company

 

	
 
	
 By:
	
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey corporation, acting solely on behalf of and for the benefit of, and with its liability limited to the assets of, its insurance company separate account, PRISA II, its member

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Jeffrey D. Mills

	
 
	
 
	
 
	
Jeffrey D. Mills

Vice President

	
 
	
 
	
 
	
[Printed Name and Title]

 

 

-6-

 

 

EXHIBIT B-2

TEMPORARY SPACE

(See Attached.)

-1-

 

 

 

-2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00273-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00273-of-00352.parquet"}]]