Document:

EX-10.1

 Exhibit 10.1 

 
 OuterwallTM 
 December 20, 2013 
 Dear Peter, 

Outerwall is pleased to offer you the position of Interim Chief Accounting Officer with the company. Effective January 11,
2014 you will assume the title, authority and responsibilities of Chief Accounting Officer reporting directly to the Chief Financial Officer. This is an interim assignment and will conclude upon appointment of the Chief Accounting Officer position.
This letter will serve to confirm our understanding of your acceptance of this position. 
 Salary 

Effective for the period of the interim assignment, your compensation will be based on an annualized salary of $200,000,
less all required withholding for taxes and social security. You will be paid bi-weekly (26 times per year). 

Incentive Plans: 
 You are eligible to continue to participate in Outerwall’s incentive plans. Your target bonus opportunity will continue to be 25% of your base compensation and eligible earnings
during the interim assignment will apply in the calculation of your target bonus. You will continue to participate in the bonus plan for shared service employees and/or similar plan in 2014. 

As part of this interim assignment, your total 2014 Long-Term Incentive Plan (LTIP) will be targeted at $75,000. The final
amount of the award will be determined in conjunction with our annual review process and may vary based on performance. This award is administered by the Outerwall Compensation Committee and will be subject to the terms of the Company’s 2011
Incentive Plan (“Equity Incentive Plan”) and the respective grant and award agreements. This equity award will be processed with the annual equity grants of other employees in February, 2014. 

1800 114th Avenue SE, Bellevue, WA98004 
 P.O. Box91258 Bellevue.WA 98009 
 outerwall.com

 

 
 Filing Bonus 
 Following the successful completion and timely filing of the 2014 10-K, you will be eligible for one-time bonus of $25,000. This bonus will be paid as soon as administratively feasible
following the filing. 
 Benefits 
 You will continue to be eligible for your current Outerwall benefits. 
 Peter, if you agree with and accept the terms of this interim assignment, please sign and return one copy of this letter to me by December 23, 2013. Congratulations, I look forward to
working more closely together. 
 Sincerely, Accepted by: 

/s/ Galen C. Smith /s/ Peter Osvaldik Date 12/20/13 

Galen C. Smith Peter Osvaldik 
 Chief Financial OfficerEX-10.3(c)

 Exhibit 10.3(c) 

SECOND AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Agreement”) is entered into this 19th day of December,
2013, by and among OXFORD FINANCE LLC (“Oxford”), a Delaware limited liability company, as collateral agent (in such capacity, “Collateral Agent”), the Lenders listed on Schedule 1.1 of the Loan Agreement (as
defined below) or otherwise a party thereto from time to time including Oxford in its capacity as Lender, SILICON VALLEY BANK, a California corporation (“SVB”; together with Oxford, each a “Lender” and collectively,
the “Lenders”), and RELYPSA, INC., a Delaware corporation (“Borrower”). 

RECITALS 

A. Collateral Agent, Lenders, Borrower, and RELYPSA 106, LLC, a Delaware limited liability company (“Relypsa 106”)
entered into that certain Loan and Security Agreement dated as of January 31, 2013 (as amended, modified, supplemented or restated from time to time, the “Loan Agreement”).  

B. Pursuant to the certain First Amendment to Loan and Security Agreement, dated July 26, 2013, by and among Collateral Agent,
Lenders, Borrower, and Relypsa 106, Relypsa 106 was released as a “Borrower” under the Loan Agreement and any other Loan Documents, as applicable, and from all of its Obligations under the Loan Documents. 

C. The Lenders have extended credit to Borrower for the purposes permitted in the Loan Agreement. 

D. Borrower has requested that Bank extend the Second Draw Period and make certain other revisions to the Loan Agreement as more fully
set forth herein. 
 E. Although the Lenders are under no obligation to do so, the Lenders are willing to extend the Second Draw
Period and amend certain provisions of the Loan Agreement, all on the terms and conditions set forth in this Agreement, so long as Borrower complies with the terms, covenants and conditions set forth in this Agreement in a timely manner. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1.
Definitions. Capitalized terms used but not defined in this Agreement, including its preamble and recitals, shall have the meanings given to them in the Loan Agreement. 

 2. Amendments to Loan Agreement. 

2.1 Section 13 (Definitions). The following terms and their respective definitions set forth in Section 13.1 of the Loan
Agreement are hereby amended by deleting each in its entirety and replacing each with the following: 

“Amortization Date” is, with respect to (a) Term A Loan, February 1, 2014 and (b) Term B Loan,
August 1, 2014. 
 “Maturity Date” is, with respect to (a) Term A Loan, July 1, 2016 and
(b) Term B Loan, January 1, 2017. 
 “Second Draw Period” is the period commencing on
January 1, 2014 and ending on the earlier of (a) June 30, 2014 or (b) the occurrence of an Event of Default. 
 3.
Limitation of Amendments. 
 3.1 The amendments set forth in Section 2 above, are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver, release, or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right
or remedy which the Lenders may now have or may have in the future under or in connection with any Loan Document. 
 3.2 This
Agreement shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and
confirmed and shall remain in full force and effect. 
 4. Representations and Warranties. To induce the Lenders to enter into
this Agreement, Borrower hereby represents and warrants to the Lenders as follows: 
 4.1 Immediately after giving effect to
this Agreement (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier
date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 

4.2 Borrower has the power and authority to execute and deliver this Agreement and to perform its obligations under the Loan Agreement,
as amended by this Agreement; 
 4.3 The organizational documents of Borrower delivered to the Lenders on the Effective Date
are true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

  
 2 

 4.4 The execution and delivery by Borrower of this Agreement and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Agreement, have been duly authorized; 
 4.5 The
execution and delivery by Borrower of this Agreement and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Agreement, do not and will not contravene (a) any law or regulation binding on or affecting
Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the
organizational documents of Borrower; 
 4.6 The execution and delivery by Borrower of this Agreement and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Agreement, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7
This Agreement has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Agreement and the Loan Documents represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Agreement and the Loan Documents merge into this Agreement and the Loan
Documents. 
 6. Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts taken
together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Agreement shall be deemed
effective upon (a) the due execution and delivery to Collateral Agent and the Lenders of this Agreement by each party hereto and (b) payment of Lenders’ legal fees and expenses in connection with the negotiation and preparation of
this Agreement. 
 [Signature page follows.] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed and delivered as of the date first written above. 
  

			
	 BORROWER:
  

RELYPSA, INC.

		
	By:	 	/s/ Kristine M. Ball
		 	 Name: Kristine M. Ball
 Title: SVP,
CFO

	
	 COLLATERAL AGENT AND LENDER:
  

OXFORD FINANCE LLC

		
	By:	 	/s/ Mark Davis
		 	 Name: Mark Davis

Title: Vice President – Finance, Secretary & Treasurer

	
	 LENDERS:
  

OXFORD FINANCE FUNDING I, LLC
 By: Oxford Finance LLC, as
servicer

		
	By:	 	/s/ Mark Davis
		 	 Name: Mark Davis
 Title: Vice
President – Finance, Secretary & Treasurer

	
	SILICON VALLEY BANK
		
	By:	 	/s/ Jennifer F. Goldstein
		 	 Name: Jennifer Friel Goldstein
 Title:
Managing Director

  
 [Signature Page to Second
Amendment to Loan and Security Agreement]

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