Document:

Exhibit

Exhibit 10.19

[GUARDANT HEALTH, INC. LETTERHEAD]

[Date]  

Dear [Helmy / AmirAli]:
The Compensation Committee of the Board of Directors of Guardant Health, Inc. (the “Company”) has decided to enhance the terms of your severance benefits under the Company’s Executive Severance Plan, as amended (the “Severance Plan”). Capitalized terms used but not otherwise defined herein shall have such meaning as is contained in the Severance Plan.
In the event you experience a Qualifying Termination, other than a CIC Termination, then each outstanding Time-Based Equity Award held by you as of your Date of Termination shall vest and as applicable become exercisable as to the portion of the Time-Based Equity Award that would have vested (and become exercisable, if applicable) over the one-year period following such Date of Termination, had you remained in continuous service during such one-year period (the “Equity Acceleration”).  This Equity Acceleration is subject to your execution and, to the extent applicable, non-revocation of a Release and any additional requirements specified in the Plan, and will become effective on the effectiveness of the Release.  
Each outstanding Company equity-based award held by you as of your Date of Termination (in connection with a Qualifying Termination that is not a CIC Termination) that is not a Time-Based Equity Award shall be treated in accordance with the applicable award agreement.
This letter is incorporated into the Severance Plan with respect to your participation in the Severance Plan, and the benefits set forth herein shall be in addition to (and shall not be in lieu of or superseded by) the Severance Benefits payable under the Severance Plan.  This letter may be delivered electronically and may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same document.  This letter shall be governed by and construed and enforced in accordance with Delaware law without regard to the conflict of laws provisions thereof.

Please confirm your agreement to the foregoing by signing this letter in the space provided below for your signature and returning it to [_______]. Please retain one fully executed original for your files.  Should you have any questions regarding this letter, please feel free to call [_______] at [______].

IN WITNESS WHEREOF, the parties hereto have caused this letter agreement to be executed as of the date first written above.

	
		
	GUARDANT HEALTH, INC.

	 
	 

	By:
	 

	 
	[Name]

	 
	[Title]

	 
	 

	The undersigned hereby accepts and agrees to all the terms and provisions of this letter agreement.

	 
EQUITY AWARD HOLDER

	 

	[Name]Exhibit

Exhibit 10.5(a)

FIRST AMENDMENT TO
EXECUTIVE SEVERANCE PLAN

This First Amendment (“First Amendment”) to the Guardant Health, Inc. Executive Severance Plan (the “Plan”), is adopted by the Compensation Committee of the Board of Directors of Guardant Health, Inc., a Delaware corporation (the “Company”), effective as of March 11, 2019 (the “Effective Date”). Capitalized terms used in this First Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.

RECITALS

		
	A.
	The Company currently maintains the Plan.

		
	B.
	Pursuant to Sections 3 and 13.4 of the Plan, the Committee has the authority to administer the Plan and to amend the Plan prior to the date of a Change of Control (as defined in the Plan) in its sole discretion.

C.    The Committee has determined to amend the Plan to revise the definition of “Cause” in the Plan.

AMENDMENT

The Plan is hereby amended as follows, effective as of Effective Date.  

		
	1.
	Section 1.5.  The definition of “Cause” set forth in Section 1.5 of the Plan is hereby amended and restated in its entirety as follows:

““Cause” means the occurrence of any one or more of the following events unless, to the extent capable of correction, the Participant fully corrects the circumstances constituting Cause within 15 days after receipt of written notice thereof:

(a)the Participant’s willful failure to substantially perform his or her duties with the Company (other than any such failure resulting from the Participant’s incapacity due to physical or mental illness or any such actual or anticipated failure after his or her issuance of a notice of termination for Good Reason), after a written demand for performance is delivered to the Participant by the Committee, which demand specifically identifies the manner in which the Committee believes that the Participant has not performed his or her duties;

(b)the Participant’s commission of an act of fraud or material dishonesty resulting in reputational, economic or financial injury to the Company;

(c)the Participant’s material misappropriation or embezzlement of the property of the Company or any of its affiliates;

(d)the Participant’s commission of, including any entry by the Participant of a guilty or no contest plea to, a felony (other than a traffic violation) or other crime involving moral turpitude, or the Participant’s commission of unlawful harassment or discrimination;

(e)the Participant’s willful misconduct or gross negligence with respect to any material aspect of the Company’s business or a material breach by the Participant of his or her fiduciary duty to the Company, which willful misconduct, gross negligence or material breach has a material and demonstrable adverse effect on the Company; or

(f)    the Participant’s material breach of the Participant’s obligations under a written agreement between the Company and the Participant.”

		
	2.
	This First Amendment shall be and, as of the Effective Date, is hereby incorporated in and forms a part of the Plan.

		
	3.
	Except as expressly provided herein, all terms and conditions of the Plan shall remain in full force and effect.  

(Signature page follows)

IN WITNESS WHEREOF, the Committee has caused this First Amendment to be executed by a duly authorized officer of the Company as of the 11th day of March, 2019.

Guardant Health, Inc.                

By: /s/ Helmy Eltoukhy
Name: Helmy Eltoukhy
Title: Chief Executive Officer
                
Date: March 11, 2019Exhibit

EIGHTH AMENDMENT TO CREDIT AGREEMENT
This EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of March 15, 2019 among INNERWORKINGS, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (the “Administrative Agent”), Swing Line Lender and L/C Issuer.  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement (as defined below).
RECITALS
WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of August 2, 2010 (as previously amended and modified from time to time, the “Credit Agreement”);
WHEREAS, the Borrower is requesting that the Administrative Agent and the Lenders modify certain provisions of the Credit Agreement; and
WHEREAS, the Administrative Agent, Swing Line Lender, L/C Issuer and the Lenders party hereto have agreed to amend certain terms of the Credit Agreement on the terms, and subject to the conditions, set forth below.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1.    Amendments.  

(a)    Clause (b)(xii) of the definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

“(xii) up to $4,500,000 of professional service costs related to the restructuring costs added back pursuant to clause (b)(xi) to the extent incurred after December 31, 2017 and on or before March 31, 2019 minus”

(b)    Section 8.11(b) of the Credit Agreement is hereby amended and restated to read as follows:

(b)    Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter:

	
					
	Calendar Year
	March 31
	June 30
	September 30
	December 31

	2017
	3.00 to 1.0
	3.00 to 1.0
	3.00 to 1.0
	3.00 to 1.0

	2018
	3.00 to 1.0
	4.00 to 1.0
	4.25 to 1.0
	4.50 to 1.0

	2019
	4.75 to 1.0
	3.00 to 1.0
	3.00 to 1.0
	3.00 to 1.0

	thereafter
	3.00 to 1.0
	3.00 to 1.0
	3.00 to 1.0
	3.00 to 1.0

(c)    Section 8.11(c) of the Credit Agreement is hereby amended and restated to read as follows:

(c)    Consolidated Interest Coverage Ratio.  Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than, (i) for the fiscal quarter ended December 31, 2018, 4.00 to 1.0, (ii) for the fiscal quarter ended March 31, 2019, 3.50 to 1.0 and (iii) for any fiscal quarter thereafter, 5.00 to 1.0.

2.    Effectiveness; Conditions Precedent.  This Amendment shall be effective as of December 31, 2018 upon satisfaction of the following conditions precedent:

(a)Execution of Counterparts of Amendment.  The Administrative Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of the Loan Parties, and the Required Lenders.

(b)Amendment Fee. The Borrower shall have paid to the Administrative Agent for the account of each Lender approving this Amendment an amendment fee equal to 0.10% of the Revolving Commitment of such Lender.
 
(c)Attorney Costs.  The Borrower shall have paid all reasonable fees, charges and disbursements of counsel to the Administrative Agent (“Attorney Costs”) to the extent invoiced prior to or on the date hereof, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent).

3.    Ratification of Credit Agreement.  The term “Credit Agreement” as used in each of the Loan Documents shall hereafter mean the Credit Agreement as amended and modified by this Amendment.  Except as herein specifically agreed, the Credit Agreement, as amended by this Amendment, is hereby ratified and confirmed and shall remain in full force and effect according to its terms.  The Loan Parties acknowledge and consent to the modifications set forth herein and agree that this Amendment does not impair, reduce or limit any of their obligations under the Loan Documents (including, without limitation, the indemnity obligations set forth therein) and that, after the date hereof, this Amendment shall constitute a Loan Document.  Notwithstanding anything herein to the contrary and without limiting the foregoing, each of the Guarantors reaffirm their guaranty obligations set forth in the Credit Agreement.
4.    Authority/Enforceability.  Each of the Loan Parties represents and warrants as follows:
(a)It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

(b)This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) Debtor Relief Laws and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

(c)No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental Authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.

(d)The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of its Organization Documents or (ii) materially violate, contravene or conflict with any Laws applicable to it.

5.    Representations.  The Loan Parties represent and warrant to the Lenders that the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date.
6.    Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Amendment by telecopy or other electronic imaging means (i.e., .pdf) shall be effective as an original.
7.    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered and this Amendment shall be effective as of the date first set forth above.
BORROWER:                INNERWORKINGS, INC.,
a Delaware corporation
By:    /s/ Donald W. Pearson                    
Name:    Donald W. Pearson    
Title:    CFO            
GUARANTORS:            EYELEVEL, INC.,
an Oregon corporation
By:    /s/ Will Atkins                
Name:    Will Atkins        
Title:    Director            

ADMINISTRATIVE AGENT:        BANK OF AMERICA, N.A.,
as Administrative Agent
By:    /s/ Felicia Brinson                    
Name:    Felicia Brinson        
Title:    Assistant Vice President    

LENDERS:                BANK OF AMERICA, N.A.,
as a Lender, an L/C Issuer and the Swing Line Lender

By:    /s/ Michael J. Haas                    
Name:    Michael J. Haas        
Title:    Senior Vice President    

JPMORGAN CHASE BANK, N.A.,
as a Lender
By:    /s/ Jeremy M. Tworek                        
Name:    Jeremy M. Tworek    
Title:    Executive Director    

PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By:    /s/ Robert G. Stevens                    
Name:    Robert G. Stevens    
Title:    Vice President        

ASSOCIATED BANK, N.A.,
as a Lender
By:    /s/ Craig Thessin                    
Name:    Craig Thessin        
Title:    Senior Vice President    

THE NORTHERN TRUST COMPANY,
as a Lender
By:                                
Name:                
Title:                

                    

U.S. BANK NATIONAL ASSOCIATION,
as a Lender
By:    /s/ Phillip Salter                
Name:    Phillip Salter    
Title:    Vice President

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