Document:

mram_Ex4_3

		
			Exhibit 4.3
		

		
			DESCRIPTION OF EVERSPIN TECHNOLOGIES, INC. COMMON STOCK
		

		
			The following is a description of the common stock, $0.0001 par value (the “Common Stock”), of Everspin Technologies, Inc. (the “Company”), which is the only security of the Company registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
		

		
			General
		

		
			The Company is authorized to issue up to 100,000,000 shares of Common Stock. The following description summarizes selected information regarding the Common Stock, as well as relevant provisions of (i) the Company’s Amended and Restated Certificate of Incorporation, as amended and currently in effect (as so amended, the “Certificate of Incorporation”), (ii) the Company’s Amended and Restated Bylaws, as currently in effect (the “Bylaws”), and (iii) the Delaware General Corporation Law (the “DGCL”). The following summary description of the Common Stock of the Company is qualified in its entirety by reference to the provisions of the Certificate of Incorporation and By-Laws, copies of which have been filed as exhibits to the Company’s periodic reports under the Exchange Act, and the applicable provisions of the DGCL.
		

		
			Common Stock
		

		
			Voting Rights. Each holder of Common Stock is entitled to one vote for each share of Common Stock held on all matters submitted to a vote of stockholders, except as otherwise expressly provided in the Certificate of Incorporation or required by applicable law. Cumulative voting for the election of directors is not provided for in the Certificate of Incorporation, which means that the holders of a majority of the shares of Common Stock can elect all of the directors then standing for election.
		

		
			Dividends and Distributions. Subject to preferences that may apply to any shares of convertible preferred stock outstanding at the time, the holders of outstanding shares of Common Stock are entitled to receive dividends out of funds legally available at the times and in the amounts that the Company’s Board of Directors (the “Board”) may determine.
		

		
			Liquidation Rights. Upon the liquidation, dissolution or winding-up of the Company, the assets legally available for distribution to the holders of Common Stock would be distributable ratably among the holders of Common Stock and any participating convertible preferred stock outstanding at that time after payment of liquidation preferences, if any, on any outstanding shares of convertible preferred stock and payment of other claims of creditors.
		

		
			The rights, preferences, and privileges of holders of Common Stock are subject to, and may be adversely affected by, the rights of holders of shares of any series of convertible preferred stock that the Board may designate and issue in the future.
		

		
			
		

		
			

		 

		

		
			Preemptive or Similar Rights. The Common Stock is not entitled to preemptive rights and is not subject to conversion, redemption or sinking fund provisions.
		

		
			Anti-takeover Effects of Provisions of the Certificate of Incorporation and Bylaws and Delaware Law
		

		
			Certificate of Incorporation and Bylaws Provisions.  Because holders of Common Stock do not have cumulative voting rights, stockholders holding a majority of the voting power of the shares of Common Stock outstanding are able to elect all of the Company’s directors. The Certificate of Incorporation and amended and restated bylaws provide that all stockholder actions must be effected at a duly called meeting of stockholders and not by consent in writing. A special meeting of stockholders may be called only by a majority of the whole Board, the chair of the Board, or the Company’s chief executive officer.
		

		
			The Certificate of Incorporation further provides that the affirmative vote of holders of at least sixty-six and two-thirds percent (66-2/3%) of the voting power of all of the then outstanding shares of voting stock, voting as a single class, is required to amend certain provisions of the Certificate of Incorporation, including provisions relating to the size of the board, removal of directors, special meetings, actions by written consent and cumulative voting. The affirmative vote of holders of at least sixty-six and two-thirds percent (66-2/3%) of the voting power of all of the then outstanding shares of voting stock, voting as a single class, is required to amend or repeal the Bylaws, although the Bylaws may be amended by a simple majority vote of the Board.
		

		
			The foregoing provisions make it more difficult for existing stockholders to replace the Board as well as for another party to obtain control of the Company by replacing the Board. Since the Board has the power to retain and discharge the Company’s officers, these provisions could also make it more difficult for existing stockholders or another party to effect a change in management. In addition, the authorization of undesignated preferred stock makes it possible for the Board to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to change the control of the Company.
		

		
			These provisions are intended to enhance the likelihood of continued stability in the composition of the Board and its policies and to discourage certain types of transactions that may involve an actual or threatened acquisition of the Company. These provisions are also designed to reduce the Company’s vulnerability to an unsolicited acquisition proposal and to discourage certain tactics that may be used in proxy rights. However, these provisions could have the effect of discouraging others from making tender offers for shares of Common Stock and may have the effect of deterring hostile takeovers or delaying changes in control of the Company or the Company’s management. As a consequence, these provisions also may inhibit fluctuations in the market price of the Common Stock that could result from actual or rumored takeover attempts.
		

		
			
		

		
			

		 

		

		
			The Certificate of Incorporation provides that stockholder litigation alleging certain claims against the Company or the Board may only be brought in the courts located within the State of Delaware.
		

		
			Delaware Law. The Company is governed by the provisions of Section 203 of the DGCL regulating corporate takeovers. This section prevents some Delaware corporations from engaging, under some circumstances, in a business combination, which includes a merger or sale of at least 10% of the corporation’s assets with any interested stockholder, meaning a stockholder who, together with affiliates and associates, owns or, within three years prior to the determination of interested stockholder status, did own 15% or more of the corporation’s outstanding voting stock, unless:
		

			
	
			
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			the transaction is approved by the board of directors prior to the time that the interested stockholder became an interested stockholder;

			
	
			
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			upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (i) by persons who are directors and also officers and (ii) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

			
	
			
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			subsequent to such time that the stockholder became an interested stockholder the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders by at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

		
			A Delaware corporation may “opt out” of these provisions with an express provision in its original certificate of incorporation or an express provision in its certificate of incorporation or bylaws resulting from a stockholders’ amendment approved by at least a majority of the outstanding voting shares. The Company has not opted out of these provisions. As a result, mergers, or other takeover or change in control attempts of the Company may be discouraged or prevented.mram_Ex10_15

		
			Exhibit 10.15
		

		
			AMENDMENT NO. 8 TO LEASE
		

		
			 
		

		
			This AMENDMENT No. 8 TO LEASE ("Amendment No. 8"), effective as of November 30, 2019, ("Amendment No. 8 Effective Date") is entered into by and between NXP USA, Inc. (formerly FREESCALE SEMICONDUCTOR, INC.), a Delaware corporation and 100% affiliated company of NXP Semiconductors N.V. ("Landlord"), and EVERSPIN TECHNOLOGIES, INC., a Delaware corporation ("Tenant"), with reference to the following facts:
		

		
			A.       Landlord and Tenant are parties to that certain Lease dated as of June 5, 2008 ("Original Lease"), as amended by Amendment No. 1 to Lease executed by Tenant on February 2, 2009 (''Amendment No. 1"), Amendment No. 2 to Lease dated March 1, 2010 (''Amendment No. 2"), Amendment No. 3 to Lease dated July 20, 2011 ("Amendment No. 3"), Amendment No. 4 to Lease dated June 10, 2014 ("Amendment No. 4"), Amendment No. 5 dated January 13, 2017 ("Amendment No. 5"), Amendment No.6 dated October 31, 2017 ("Amendment No. 6"), and Amendment No. 7 dated August 2, 2018 ("Amendment No. 7"), (the Original Lease, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, and Amendment No. 7, is referred to as the "Lease"), pursuant to which Landlord leases to Tenant certain space ("Premises") located at 1300 North Alma School Road, Chandler Arizona as further described in the Lease.
		

		
			B.       As of the Amendment No. 8 Effective Date, the parties desire to amend the Lease to extend the Term.
		

		
			NOW, THEREFORE, in consideration of the above recitals which are hereby incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree, effective as of the Amendment No. 8 Effective Date, to amend the Lease as follows:
		

		
			1.       Term. Section 2 of the Lease (as modified by Amendment No. 7) is deleted in its entirety and replaced with the following:
		

		
			"A. The tem1 of this Lease shall commence on June 5, 2008 (the "Commencement Date") and end on January 31, 2022 (the "Term"). Tenant will continue processing on Landlord's tool, FJ01PVS. In the event the Landlord elects to terminate Tenant’s use of the FJ01PVS, the Landlord will give Tenant six (6) months prior written notice."
		

		
			2.       Exhibit J.  Exhibit J  to the Lease (as modified by Amendment No. 4) is deleted in its entirety and replaced with the new Exhibit J as attached hereto as Schedule 1  to this Amendment No. 8.
		

		
			3.       Brokers. Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment No. 8. Tenant agrees to indemnify and hold Landlord harmless from all claims of any brokers claiming to have represented Tenant in connection with this Amendment No. 8. Landlord agrees to indemnify and hold Tenant harmless from all claims of any broker claiming to have represented Landlord in connection with this Amendment No. 8.
		

		
			4.       Miscellaneous. This Amendment No. 8 sets 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. Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged an in full force and effect. In the case of any inconsistency between the provisions of the Lease and this Amendment No. 8, the provisions of this Amendment No. 8 shall govern and control. Each signatory of this Amendment No. 8 represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is 

		 

acting. This Amendment No. 8 may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument. This Amendment No. 8 may be executed in so called “PDF” format, and each party has the right to rely upon a PDF counterpart of this Amendment No. 8 signed by the other party to the same extent as if such party had received an original counterpart.
		

		
			 
		

		
			 
		

		
			IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment No.8.
		

		
			 
		

		
			LANDLORD:
		

		
			 
		

		
			NXP USA, INC.
		

		
			A Delaware corporation
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Katherine Haight

					
					
						 

					
					
						 

					
					
						Name:

					
					
						Mark Kroeker

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:

					
					
						Authorized Representative

					
					
						 

					
					
						 

					
					
						Its:

					
					
						Authorized Representative

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						December 18, 2019

					
					
						 

					
					
						 

					
					
						Date:

					
					
						December 18, 2019

				

		
			 
		

		
			 
		

		
			TENANT:
		

		
			 
		

		
			EVERSPIN TECHNOLOGIES, INC.,
		

		
			A Delaware corporation
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Jeff Winzeler

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:

					
					
						CFO

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						12/09/2019  

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

		
			Schedule 1
		

		
			 
		

		
			EXHIBIT J
		

		
			Additional Rent@ Up to 75wspw MRAM Module Equivalent
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Manufacturing Services

					
					
						 

				
	
					
						1.

					
					
						Manufacturing consumables

					
					
						$7,337.57/mo

				
	
					
						 

					
					
						Includes:

					
						- Bulk gases and chemicals for up to 75wspw MRAM Module equivalent.

					
						Bulk gases are: Oxygen, nitrogen, helium, argon and hydrogen supplied from factory bulk delivery systems to Tenant-owned equipment.

					
						Bulk Chemicals are: Sulfuric acid, hydrogen peroxide, hydrochloric acid, ammonium hydroxide, hydrofluoric acid, isopropyl alcohol, tetramethylammonium hydroxide, PGMEA, ACT930, EKC830, PLA224 slurry, SS2SE slurry, W2000b slurry, NOE, Ethylene glycol, Super-Q and NMP supplied from factory bulk delivery systems to Tenant-owned equipment

					
						- NXP to notify Everspin within 72 hours of detection of any excursion in bulk gases or chemicals.

					
						- Additional Rent will be pro-rated for consumption exceeding 75wspw MRAM Module equivalent.

					
					
						 

				
	
					
						2.

					
					
						Manufacturing support services

					
					
						$23,901/mo

				
	
					
						 

					
					
						Includes:

					
						- Sustaining support for factory manufacturing execution, equipment integration and analysis systems in CH-FAB

					
						Note: Sustaining support does not include Tenant's use of factory manufacturing execution, equipment integration and analysis software.

					
						- Chandler Analytical Lab services (PALAZ TEM, SEM, etc. Maximum 42 samples/mo.)

					
						- Failure analysis services provided by Global Yield and Device Lab (Maximum 4 samples/mo.)

					
						- Tenant may requisition incidental ("open stock") equipment parts and supplies from CH-FAB with a total value not to exceed $1,000 per month at no charge.

					
						"Open stock" items are: Tubing, tie wraps, fittings, valves, terminals, fuses, wire

					
						connectors, screws, heal shrink tubing, washers, nuts, bolts, retaining rings, silencers/mufflers, filter regulators, O-rings.

					
					
						 

				
	
					
						3.

					
					
						Items not included:

					
					
						Tenant
Expense

				
	
					
						 

					
					
						-Use of factory manufacturing execution, equipment integration and analysis software

					
						-Maintenance of Tenant-owned equipment

					
						-Shipping costs

					
						-Parts ordering and stocking

					
						-Operator staffing to run Tenant-owned tools

					
						-Specialty gases and chemicals that are not provided as part of factory bulk delivery systems

					
						-Product or package reliability, stress or failure analysis services or support

					
						-Services performed by CH-FAB machine shop

					
						-References to wafer quantities in this exhibit do not constitute a capacity commitment by Landlord

					
						-From time to time, and for the purposes of efficient repair or maintenance of tools and equipment on Premises, the Tenant may request to procure goods or services from Landlord, whether provided or performed by Landlord or Landlord's vendor. In such an event, Landlord will invoice Tenant cost plus I 0%.  Tenant acknowledges services performed by a Landlord vendor which result in damage to Tenant's property are not caused by Landlord, and therefore, Landlord is not liable for any such damages. The foregoing statement does not represent a commitment by the

					
						Landlord to support the repair or maintenance of Tenant's tools and equipment on the Premises."

					
					
						 

				
	
					
						 

					
					
						The rate for each of the above items will increase on June 7, 2020 (and each anniversary thereafter)

					
						of the Lease Term by an amount equal to four percent (4.0%) of the rate for such item for the preceding period.

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