Document:

Blueprint

  Exhibit 10.3

 

January
26, 2018

 

Fusion
NBS Acquisition Corp.

c/o
Fusion Telecommunications International, Inc.

420
Lexington Avenue, Suite 1718

New
York, New York 10170

Attn:
James P. Prenetta, Jr., Executive Vice President and General
Counsel

 

Re:
Consent

 

Ladies
and Gentlemen:

 

Reference is hereby
made to that certain Credit Agreement, dated as of November 14,
2016, as amended by that certain Consents and Amendments to Loan
Documents, dated as of July 20, 2017 (as so amended, and as the
same may be further amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the
“Credit
Agreement”), by and among Fusion NBS Acquisition
Corp., a Delaware corporation (“Borrower”), Fusion
Telecommunications International, Inc., a Delaware corporation
(“Fusion”),
Network Billing Systems, L.L.C., a New Jersey limited liability
company (“NBS”), Fusion BVX LLC, a Delaware
limited liability company (“BVX”), Pingtone Communications,
Inc., a Delaware corporation (“Pingtone”), Fidelity Telecom,
LLC, an Ohio limited liability company (“FTL”), Fidelity Access Networks,
Inc., an Ohio corporation (“FANI”), Fidelity Access Networks,
LLC, an Ohio limited liability company (“FANL”), Fidelity Connect LLC, an
Ohio limited liability company (“FCL”), Fidelity Voice Services,
LLC, an Ohio limited liability company (“FVS”), Apptix, Inc., a Florida
corporation (“Apptix”) and Fusion BCHI
Acquisition LLC, a Delaware limited liability company
(“BCHI”; each
of Fusion, NBS, BVX, Pingtone, FTL, FANI, FANL, FCL, FVS, Apptix
and BCHI are individually, a “Guarantor” and collectively, the
“Guarantors”),
East West Bank, as Administrative Agent, Swingline Lender, an
Issuing Bank and a Lender and each other Lender from time to time
party to the Credit Agreement. Capitalized terms used herein and
not otherwise defined shall have the meaning assigned such terms in
the Credit Agreement.

 

Background

 

Borrower has
informed Administrative Agent that Fusion intends to issue Equity
Securities on or about February 2, 2018 (the “Equity Issuance”), and in
connection with such Equity Issuance, the Loan Parties shall
receive approximately $30,000,000 in net proceeds therefrom (the
“Equity Issuance
Proceeds”).

 

 

-1-

 

 

Consent

 

Pursuant to the
terms of Section
2.14(d) of the Credit Agreement, upon the receipt by any
Loan Party or any of its Subsidiaries of cash proceeds from the
issuance of any Equity Securities in excess of $4,000,000, Borrower
is required to prepay (or cash collateralize) the Obligations with
such cash proceeds. As a result of the Equity Issuance and the
receipt by the Loan Parties of the Equity Issuance Proceeds, the
Borrower is required to prepay the Obligations with such Equity
Issuance Proceeds in excess of $4,000,000. In connection with the
Equity Issuance, Borrower has requested that Administrative Agent
and the Requisite Lenders consent to the Loan Parties’
retention of all Equity Issuance Proceeds, for use by the Loan
Parties on Capital Expenditures and for other general corporate
purposes (the “Specified
Request”). In reliance on the representations,
warranties and covenants provided herein and made by Borrower to
Administrative Agent in connection with the request for such
consent, Administrative Agent and the Requisite Lenders hereby
consent to the Specified Request.

 

 

General

 

Except
for the consent expressly provided by this letter agreement, the
terms and provisions of the Credit Agreement and the other Loan
Documents are hereby ratified and confirmed and shall continue in
full force and effect. The consent provided and agreed to herein is
to be effective only upon receipt by Administrative Agent of an
execution counterpart of this letter agreement signed by Borrower
and each Guarantor. By agreeing to this letter agreement as
acknowledged below, Borrower hereby certifies and warrants to
Administrative Agent and the Requisite Lenders that each of its
representations and warranties contained in the Loan Documents to
which it is a party are true and correct in all material respects
(other than any representations or
warranties qualified pursuant to their terms by materiality
qualifiers, which representations and warranties shall be true and
correct in all respects as written) as of the effective date
of this letter agreement, including that no Default or Event of
Default exists, with the same effect as though made on such
effective date (after giving effect to the consent contained in
this letter agreement and except to the extent any such
representation or warranty is expressly stated to have been made as
of a specific date, in which case such representation or warranty
shall be true and correct as of such specified date). The
effectiveness of the consent provided herein is conditioned upon
the correctness in all material respects of all representations and
warranties made by Borrower herein. The consent contained herein
shall not constitute a course of dealing between Borrower and
Administrative Agent and, except as expressly provided herein,
shall not constitute a waiver, extension or forbearance of any
Default or Event of Default, now or hereafter arising, or an
amendment of any provision of the Credit Agreement or the other
Loan Documents. Borrower agrees to pay to Administrative Agent, on
demand, in immediately available funds, all out-of-pocket costs and
expenses incurred by Administrative Agent, including, without
limitation, the reasonable fees and expenses of counsel retained by
Administrative Agent, in connection with the negotiation,
preparation, execution and delivery of this letter agreement and
all other instruments and documents contemplated hereby. This
letter agreement shall be governed by, construed and enforced in
accordance with all provisions of the Credit Agreement and may be
executed in multiple counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which
counterparts, taken together, shall constitute but one and the same
instrument. Delivery of an executed counterpart signature of this
letter agreement by email transmission of a “pdf” or similar copy shall be
equally effective as delivery of an original counterpart of this
letter agreement. Any party delivering an executed counterpart
signature page to this letter agreement by e-mail transmission
shall also deliver an executed counterpart of this letter agreement
but the failure to deliver an original executed counterpart shall
not affect the validity, enforceability or binding effect of this
letter agreement.

 

 

 

-2-

 

 

 

Reaffirmation

 

By its
execution hereof, each Grantor hereby consents and agrees to the
terms and provisions of this letter agreement and consents and
agrees that each of the Security Documents remain in full force and
effect and continue to be the legal, valid and binding obligation
of each such Grantor, enforceable against each such Grantor in
accordance with the terms thereof.

 

 

[Signatures
follow on the next page.]

 

 

-3-

 

 

Please
evidence your acknowledgment and agreement to the foregoing by
executing this letter agreement in the place indicated
below.

 

EAST WEST BANK,

as
Administrative Agent

 

 

By: /s/ Richard Vian

     Name:
Richard Vian

                                                                 

     Title:
Senior Vice President

 

 

OPUS BANK,

as
Lender

 

 

By: /s/ Maria
Ding  

     Name:
Maria Ding

                                                                 

     Title:
Vice President

 

 

Acknowledged
and agreed to:

 

 

FUSION NBS ACQUISITION CORP.

 

 

By: /s/ Gordon Hutchins,
Jr.        

Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

FUSION TELECOMMUNICATIONS INTERNATIONAL, INC.

 

 

By: /s/ Gordon Hutchins,
Jr.               

     Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

NETWORK BILLING SYSTEMS, L.L.C.

 

 

By: /s/ Gordon Hutchins,
Jr.        

     Name:
Gordon Hutchins, Jr.

Title:
Executive Vice President

 

 

-4-

 

 

FUSION BVX LLC

 

 

By: /s/ Gordon Hutchins,
Jr.        

Name:
Gordon Hutchins, Jr.

Title:
President

 

 

PINGTONE COMMUNICATIONS, INC.

 

 

By: /s/ Gordon Hutchins,
Jr.  

Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

FIDELITY ACCESS NETWORKS, LLC

 

 

By: /s/ Gordon Hutchins,
Jr.      

     Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

FIDELITY CONNECT LLC

 

 

By: /s/ Gordon Hutchins,
Jr.        

Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

FIDELITY VOICE SERVICES, LLC

 

 

By: /s/ Gordon Hutchins,
Jr.            

Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

FIDELITY ACCESS NETWORKS, INC.

 

 

By: /s/ Gordon Hutchins,
Jr.            

Name:
Gordon Hutchins, Jr.

Title:
President and Chief Operating Officer

 

 

 

-5-

 

 

FIDELITY TELECOM, LLC

 

 

By: /s/ Gordon Hutchins,
Jr.      

      Name:
Gordon Hutchins, Jr.

      Title:
President and Chief Operating Officer

 

 

APPTIX, INC.

 

 

By: /s/ Gordon Hutchins,
Jr.     

      Name:
Gordon Hutchins, Jr.

      Title:
President and Chief Operating Officer

 

 

 

FUSION BCHI ACQUISITION LLC

 

 

By: /s/ Gordon Hutchins,
Jr.             

      Name:
Gordon Hutchins, Jr.

      Title:
Manager

 

 

-6-Exhibit 10.26

 

December 17, 2017

 

BY HAND AND FEDERAL EXPRESS

 

Mark Perrin

 

Dear Mark:

 

This letter agreement (this “Agreement”) follows our recent discussions about your employment as President and Chief Executive Officer of InVivo Therapeutics Corporation (“InVivo” or the “Company”).

 

As you know, you and the Company entered into an Employment Agreement (the “Employment Agreement”) as amended on July 21, 2015.  Upon the termination of your employment during the Term (as defined in the Employment Agreement), you will be entitled to compensation and benefits described in Section 4(b) of the Employment Agreement and shall have no further rights to any compensation or any other benefits from the Company or any of its affiliates.

 

After discussions with the Lead Director and the Chair of the Compensation Committee, you have notified the Company’s Board of Directors (the “Board”) that you wish to resign from your employment and related positions.  The Company accepts your resignation, to be effective December 18, 2017 (the “Date of Termination”).  You will be paid salary continuation in lieu of the notice period specified in your Employment Agreement. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Employment Agreement.

 

This letter also proposes the Separation Agreement and Release (the “Agreement”) referred to in Section 4(b) of the Employment Agreement. If you enter into, do not revoke, and comply with this Agreement you will be entitled to the Severance Benefits described below.  In any event, and regardless of whether you enter into this Agreement and receive the Severance Benefits, the following bulleted terms and obligations shall apply:

 

·                  To the extent not already paid, the Company shall pay you the Accrued Obligations set forth in Section 4(a) of the Employment Agreement which include, without limitation: (i) any Base Salary earned through the Date of Termination, unpaid expense reimbursements (subject to, and in accordance with, Section 2(c) of the Employment Agreement); (ii) an amount equal to the value of any accrued unused vacation days; (iii) the amount of any expenses properly incurred by you on behalf of the Company prior to the Date of Termination and not yet reimbursed; and (iv) any vested benefits the Executive may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans.

 

·            You will receive any payments or benefits to which you are entitled under Section 2(h) of the Employment Agreement, to the extent such amounts are due from the Company in

 

 

accordance with the terms of the Employment Agreement or other related benefit plans or agreements.

 

·                  Your eligibility to participate in the Company’s group health plan coverage will cease on Date of Termination. You may elect to continue your health benefits in accordance with and subject to the law known as COBRA, which will be described in a separate written notice.

 

·                  Your eligibility to participate in the Company’s other employee benefit plans and programs will cease on the Date of Termination in accordance with the terms and conditions of each of those benefit plans and programs.  Your rights to benefits, if any, are governed by the terms and conditions of those benefit plans and programs.

 

·                  The Invention and Non-Disclosure Agreement dated January 8, 2014 (the “Invention and Non-Disclosure Agreement”) shall remain in effect during and after the Date of Termination in accordance with its terms.  A copy of the Invention and Non-Disclosure Agreement is being provided to you with this Agreement.

 

·                  Sections 5, 6, 7 and 8 of the Employment Agreement, shall remain in effect after the Date of Termination in accordance with their terms.

 

·                  Except as otherwise provided in this Agreement, any equity awards held by you shall be governed by the terms and conditions of the Company’s applicable equity incentive plan(s) and the applicable award agreement(s) governing the terms of such equity awards (collectively, the “Equity Documents”).

 

The remainder of this letter proposes the Agreement between you and the Company.  You acknowledge that you are entering into this Agreement voluntarily.  By entering into this Agreement, you understand that the Company is not admitting in any way that it violated any legal obligation that it owed to you.

 

With those understandings, you and the Company agree as follows:

 

1.                                      Resignations

 

In connection with the ending of your employment, you hereby resign from the Board and from all officer, director and manager positions you hold with the Company and any of its respective direct or indirect subsidiaries or controlled entities effective December 18, 2017.  You agree to execute any documents reasonably requested by the Company or any controlled entities in order to effectuate your resignations.

 

2.                                      Severance Benefits

 

For purposes of the Severance Benefits set forth below, the ending of your employment shall be treated pursuant to Section 3(d) of the Employment Agreement.  If you enter into, do not revoke and comply with this Agreement, you will be entitled to the following Severance Benefits:

 

 

(a)                                 the Company shall pay you an amount equal to eighteen (18) months of your Base Salary, currently $ 519,000 per year (the “Severance Amount”).

 

(b)                                 if you elect and remain eligible for COBRA, the Company shall pay to you a monthly cash payment for (i) six (6) months from the Date of Termination, or (ii) for the COBRA continuation period, whichever ends earlier, in an amount equal to the monthly employer contribution that the Company would have made to provide health insurance to you if you had remained employed by the Company; and

 

(c)                                  except as otherwise provided in the applicable option agreement or other stock-based award agreement, those shares underlying (i) restricted stock awards, stock options and other stock-based awards held by you, and (ii) restricted stock awards, stock options and other stock-based awards entities to whom you have properly transferred such awards in accordance with the terms of the applicable Company equity incentive plan, that would have vested in the twelve (12) months following the Date of Termination had you remained employed during such period shall immediately accelerate and become fully exercisable or nonforfeitable as of the Date of Termination.  A full and complete summary of your outstanding equity grants and the acceleration that will apply if you enter into this Agreement is attached hereto as Exhibit A. By signing this Agreement, you acknowledge and agree that you have no other equity interests in the Company and any of its affiliates.

 

The amounts payable under Section 2(a) shall be paid out in substantially equal installments in accordance with the Company’s payroll practice over eighteen (18) months commencing within 30 days after the Date of Termination; provided, if you miss a regular payroll date due to the timing of the Effective Date of this Agreement, the Company’s initial payment to you shall include a catch-up payment to cover amounts retroactive to the day immediately following the Date of Termination.  Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2).  Notwithstanding the foregoing, if you breach any provisions of Sections 5-8 of the Employment Agreement or  the Invention and Non-Disclosure Agreement, in additional to all other legal and equitable remedies all payments of the Severance Benefits shall immediately cease.

 

3.                                      Return of Property

 

You confirm that you have returned all Company property including, without limitation, computer equipment, laptop computers, software, mobile telephone, keys and access cards, credit cards, files and any documents (including computerized data and any copies made of any computerized data or software) containing information concerning the Company, its business, or its business relationships (in the latter two cases, actual or prospective).  You also confirm that, after returning all Company property, you have deleted and finally purged any files or documents that may contain Company information from any non-Company computer or other device that remains your property after the Date of Termination.  If requested by the Company before or after the Date of Termination, you will meet promptly with a member of the Company’s information technology group to verify the same.  If you discover that you continue to retain any such property, you shall return it to the Company immediately.

 

 

4.                                      Cooperation

 

You agree that during the first thirty (30) days of the Severance Period you will make yourself reasonably available to the Company, upon reasonable notice, either by telephone or, if the Company believes necessary, in person to assist the Company in any matter relating to the services performed by you during your employment with the Company including, but not limited to, transitioning your duties to others at the Company.  During the remainder of the Severance Period, you will continue to make yourself reasonably available to the Company to advise on business matters in accordance with the terms of a Consulting Agreement entered into between you and the Company herewith. You further agree that during the Severance Period you will cooperate fully with the Company in the defense or prosecution of any claims or actions now in existence or which may be brought or threatened in the future against or on behalf of the Company, including any claim or action against its directors, officers and employees, and that you will not receive compensation for cooperation of this nature with the exception of reimbursement of expenses reasonably incurred by you.  Your cooperation in connection with such claims or actions shall include, your being available, within reason given the constraints of future employment or job search activities, to meet with the Company to prepare for any proceeding, to provide truthful affidavits and/or testimony, to assist with any audit, inspection, proceeding or other inquiry, and to act as a witness in connection with any litigation or other legal proceeding affecting the Company. You further agree that should an attorney representing a party adverse to the business or legal interests of the Company (including, without limitation, anyone threatening any form of legal action against the Company) contact you (directly or indirectly), you will promptly (within 48 hours) inform the Company of that fact. Nothing herein shall be construed to prohibit or prevent you from cooperating with any government investigation (including maintaining the confidentiality of such investigation if required by the government), nor shall any such cooperation be deemed to be a violation of your obligations of non-disparagement set forth in Section 6.

 

5.                                      Continuing Obligations

 

You hereby reaffirm your continuing obligations to the Company pursuant to the Invention and Non-Disclosure Agreement, the terms of which are incorporated herein by reference as material terms of this Agreement.  Notwithstanding anything to the contrary in this Agreement, you and the Company agree that (1) your engagement in any business or enterprise related to the development of products or services in the field of gene therapy is expressly excluded from the definition of prohibited activities under Section 8(a)(i) of your Employment Agreement, and (2) Section 8(a)(ii) of your Employment Agreement is amended to permit you to hire or engage as an independent contractor persons who were employed by the Company during the term of your employment with the Company, provided, however, that you do not, directly or indirectly, solicit such persons to leave their employment or engagement with the Company.

 

6.                                      Mutual Non-Disparagement

 

Subject to Section 9 of this Agreement, you agree not to make any disparaging statements concerning the Company or any of its affiliates or its or their products, services or current or former officers, directors, shareholders, employees, members, managers or agents.   The Company agrees that the Company’s Board of Directors and its Chief Executive Officer

 

 

(specifically including Richard Toselli, M.D., or any acting or interim Chief Executive Officer) shall not disparage, criticize or defame you, either publicly or privately.

 

7.                                      Communications Regarding Your Separation

 

You will not reveal your separation from the Company to anyone other than your immediate family, legal counsel or tax advisor until the Company has issued a written announcement.

 

8.                                      Release of Claims

 

In consideration for, among other terms, the Severance Benefits, you voluntarily release and forever discharge the Company, its affiliated and related entities, its and their respective predecessors, successors and assigns, its and their respective employee benefit plans and fiduciaries of such plans, and the current and former officers, directors, shareholders, employees, attorneys, accountants and agents of each of the foregoing in their official and personal capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and nature, known or unknown (“Claims”) that, as of the date when you sign this Agreement, you have, ever had, now claim to have or ever claimed to have had against any or all of the Releasees.  This release includes, without limitation, all Claims:

 

·                  relating to your employment by and termination of employment with the Company;

·                  of wrongful discharge or violation of public policy;

·                  of breach of contract;

·                  of defamation or other torts;

·                  of retaliation or discrimination under federal, state or local law (including, without limitation, Claims of discrimination or retaliation under the Age Discrimination in Employment Act, the Americans with Disabilities Act, and Title VII of the Civil Rights Act of 1964);

·                  under any other federal or state statute (including, without limitation, Claims under the Worker Adjustment and Retraining Notification Act or the Fair Labor Standards Act);

·                  for wages, bonuses, incentive compensation, stock, stock options, vacation pay or any other compensation or benefits, either under the Massachusetts Wage Act, M.G.L. c. 149, §§148-150C, or otherwise; and

·                  for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney’s fees; provided, however, that this release shall not affect your rights under this Agreement.

 

You agree not to accept damages of any nature, other equitable or legal remedies for your own benefit or attorney’s fees or costs from any of the Releasees with respect to any Claim released by this Agreement.  As a material inducement to the Company to enter into this Agreement, you represent that you have not assigned any Claim to any third party.  Notwithstanding the foregoing, nothing in this Agreement shall constitute a waiver of any rights to indemnification or insurance to which you are entitled under Section 2(h) of the Employment Agreement, under the Indemnification Agreement, or as a matter of law.

 

 

9.                                      OWBPA.

 

Because you are at least forty (40) years of age, you have specific rights under the federal Age Discrimination in Employment Act (“ADEA”) and Older Workers Benefits Protection Act (“OWBPA”), which prohibit discrimination on the basis of age.  The release in Section 8 is intended to release any Claim you may have against InVivo alleging discrimination on the basis of age under the ADEA, OWBPA and other laws.  Notwithstanding anything to the contrary in this Agreement, the release in Section 8 does not cover rights or Claims under the ADEA that arise from acts or omissions that occur after the date you sign this Agreement.

 

10.                               Legally Binding; Advice of Counsel

 

This Agreement is a legally binding document and your signature will commit you to its terms.  You acknowledge that you been advised by the Company to review this Agreement with counsel before entering into it.  You have carefully read and fully understand all of the provisions of this Agreement and you acknowledge that you are voluntarily entering into this Agreement.

 

11.                               Protected Disclosures and Other Protected Actions

 

Nothing contained in this Agreement limits your ability to file a charge or complaint with any federal, state or local governmental agency or commission (a “Government Agency”).  In addition, nothing contained in this Agreement limits your ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including your ability to provide documents or other information, without notice to the Company, nor does anything contained in this Agreement apply to truthful testimony in litigation.  If you file any charge or complaint with any Government Agency and if the Government Agency pursues any claim on your behalf, or if any other third party pursues any claim on your behalf, you waive any right to monetary or other individualized relief (either individually or as part of any collective or class action); provided that nothing in this Agreement limits any right you may have to receive a whistleblower award or bounty for information provided to the Securities and Exchange Commission.  In addition, for the avoidance of doubt, pursuant to the federal Defend Trade Secrets Act of 2016, you shall not be held criminally or civilly liable under any federal or state trade secret law or under this Agreement or the Invention and Non-Disclosure Agreement for the disclosure of a trade secret that (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

12.                               Tax Treatment

 

The Company shall undertake to make deductions, withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that it reasonably and in good faith determines that it is required to make such deductions, withholdings and tax reports.  Payments under this Agreement are stated in gross amounts and shall be paid in amounts net of any such deductions or withholdings.  Nothing in this Agreement shall be construed to require the

 

 

Company to make any payments to compensate you for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.   Section 9 of the Employment Agreement is preserved and incorporated by reference herein.

 

13.                               Absence of Reliance

 

In signing this Agreement, you are not relying upon any promises or representations made by anyone at or on behalf of the Company, other than those set forth herein.

 

14.                               Enforceability

 

If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of the Invention and Non-Disclosure Agreement or Sections 5-9 of the Employment Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.

 

15.                               Waiver

 

No waiver of any provision of this Agreement shall be effective unless made in writing and signed by the waiving party.  The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

16.                               Jurisdiction

 

You hereby agree that the Massachusetts courts shall have the exclusive jurisdiction to consider any matters related to this Agreement, including without limitation any claim for violation of this Agreement.  With respect to any such court action, you (i) submit to the jurisdiction of such courts, (ii) consent to service of process, and (iii) waive any other requirement (whether imposed by statute, rule of court or otherwise) with respect to personal jurisdiction or venue.

 

17.                               Governing Law; Interpretation

 

This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts without regard to conflict of law principles.  In the event of any dispute, this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either you or the Company or the “drafter” of all or any portion of this Agreement.

 

18.                               Entire Agreement and Time to Consider

 

This Agreement along with the Invention and Non-Disclosure Agreement, Sections 2(h) and 5-8 of the Employment Agreement, the Indemnification Agreement, the Consulting Agreement and the Equity Documents constitute the entire agreement between you and the Company with

 

 

respect to the subject matters herein.  This Agreement supersedes any previous agreements or understandings between you and the Company with respect to the subject matters herein.

 

You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement.  You understand and acknowledge that you have been given the opportunity to consider this Agreement for twenty-one (21) days from your receipt of this Agreement before signing it (the “Consideration Period”).  To accept this Agreement, you must return a signed, unmodified original or PDF copy of this Agreement so that it is received by the undersigned at or before the expiration of the Consideration Period.  If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period.  For the period of seven (7) days from the date when you sign this Agreement, you have the right to revoke this Agreement by written notice to the undersigned, provided that such notice is delivered so that it is received at or before the expiration of the seven (7) day revocation period.  This Agreement shall not become effective or enforceable during the revocation period.  This Agreement shall become effective on the first business day following the expiration of the revocation period (the “Effective Date”).

 

19.                               Counterparts

 

This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be taken to be an original, but all of which together shall constitute one and the same document.  Facsimile and pdf signatures shall be deemed to have the same legal effect as originals.

 

Please indicate your agreement to the terms of this Agreement by signing and returning it to me within the time period set forth above. We appreciate your service and wish you the very best in the future.

 

	
 
    	
 
    	
Very   truly yours,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ James Blackington
    	
 
    	
December 17, 2017
    
	
Name:   James Blackington
    	
 
    	
Date
    
	
Title   V.P. Head of Human Resources
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Enclosure   (Invention and Non-Disclosure Agreement)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
The   foregoing is agreed to and accepted by:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Mark   D. Perrin
    	
 
    	
December 18,   2017
    
	
 
    	
 
    	
Date

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