Document:

Exhibit
10.63

 

July 14, 2003

 

Mr. William R. Ringo, Jr.

Chairman and Chief Executive Officer

InterMune, Inc.

3280 Bayshore Boulevard

Brisbane, CA  94005

 

Dear Bill:

 

In connection with my resignation as an officer and employee of
InterMune, Inc., you and I have agreed to confirm in writing our oral
understandings as follows:

 

1.               My resignation as an officer and
employee of InterMune became effective at the opening of business on
June 30, 2003; and

 

2.               Notwithstanding my resignation,
InterMune will be obligated to provide me with at least the compensation and
benefits set forth in Section 3.3 of my Employment Agreement that are payable
thereunder in the case of a termination without cause.

 

This letter agreement may be executed in counterparts by facsimile signature.

I understand that you have agreed to execute this letter.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  /s/ W. Scott Harkonen

  	
   

  
	
   

  	
   

  
	
   

  	
  W. Scott Harkonen

  

 

 

Agreed and Accepted

this 14 day of July, 2003

 

	
  INTERMUNE, INC.

  
	
   

  
	
   

  
	
  By:

  	
  /s/ William R. Ringo

  	
   

  
	
   

  	
  William R. Ringo

  
	
   

  	
  Chairman and Chief Executive Officer

  

 

1Exhibit
10.27

 

800
Royal Oaks Drive

Monrovia, California 91016

www.SeeBeyond.com

 

July
21, 2003

 

H. Carvel Moore

[Address]

 

Dear Carv:

 

This letter will confirm our offer to you
and your acceptance of employment with SeeBeyond Technology Corporation (“SeeBeyond”
or the “Company”) in the position of President & Chief Operating
Officer.  This position reports to me.

 

Our compensation offer to you includes:

 

•                  $41,666.67 monthly as a base salary,

•                  An annualized bonus of up to $250,000.00 for
attainment of 100% of objectives (to be mutually agreed upon and memorialized
in writing by and between you and SeeBeyond on or before August 15, 2003) under
the provisions of SeeBeyond’s Incentive Compensation Plan, and

•                  A grant on your hire date of 800,000 share options
of SeeBeyond common stock with a grant price equal to the closing price on your
day of hire.  Subject to your continued
employment, fifty-thousand of the share options will vest at the end of each
calendar quarter during the first year of your employment and, beginning at the
second annual anniversary of your employment start date, 200,000 share options
will vest on each such annual anniversary.

 

In addition to the vesting described above, in the event of a Change of
Control (i) within your first six (6) months of employment, twenty five percent
(25%) of the unvested portion of any outstanding stock options granted under
SeeBeyond’s stock option plan you hold shall vest and become exercisable; and
(ii) after six (6) months of employment, fifty percent (50%) of the unvested
portion of any outstanding stock options granted under SeeBeyond’s stock option
plan you hold shall vest and become exercisable.

 

•                  Change of Control is defined as a merger or consolidation of the
Company with any other corporation, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) at least fifty
percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity outstanding immediately after such merger
or consolidation.  Any transaction for the
purpose of providing capital financing to SeeBeyond shall not constitute a
Change of Control.

 

If you are terminated without Cause, you will be entitled to a severance
payment as follows:  twelve (12) months
base salary, payable in equal monthly installments over a twelve (12) month
period (the “Severance Period”).  Such
payments will be subject to standard withholdings and any other deductions
which are required by law.  In addition,
such payments are expressly conditioned upon a signed general Release, and an
agreement to not compete with SeeBeyond or to solicit any employees during the
Severance Period.

 

 

•                  Cause shall mean the occurrence of any of the following
events:  (i) your willful material
violation of any law or regulation applicable to the business of the Company;
(ii) your conviction of, or plea of “no contest” to, a felony; (iii) any
willful perpetration by you of an act involving moral turpitude or common law
fraud whether or not related to your activities on behalf of the Company; (iv)
any act of gross negligence by you in the performance of your duties as an
employee; (v) any violation of the “Behavior’s at Work” set forth in the
Company’s employee manual, as in effect from time to time; or (vi) any willful
misconduct by you that is materially injurious to the financial condition or
business reputation of, or is otherwise materially injurious to, the Company.

 

In addition to salary, you are eligible for
our comprehensive fringe benefits program including life, medical, dental,
short-term disability and long-term disability coverage, paid sick leave,
holidays and vacations, 401(k) plan and additional benefits added from time to
time.

 

On your first day of work, scheduled for
July 23, 2003, you must complete an I-9 form and provide us with documents
proving both your identity and your legal right to work in the United States.
You will also be required to sign our Employment Agreement, Computer Code
Agreement, an indemnification agreement and other appropriate documents.

 

Carv, we are delighted to have you join our
team and believe SeeBeyond can offer you the type of job satisfaction,
challenge and opportunity you are seeking. 
Because SeeBeyond is an at-will employer, please understand that the
length of your employment is not guaranteed. 
Either you or the Company may terminate your employment at any time,
with or without cause and with or without notice.  The offer of employment contained in this letter is the complete
agreement between you and the Company. 
There are no other express or implied promises, representations or
contracts being offered.

 

This letter will be governed by the laws of
the State of California, notwithstanding the conflict of law principles in such
jurisdiction.

 

In the event any provision herein becomes or
is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this letter shall continue in full force and effect without such
provision.  This letter, along with the
documents referenced herein, represent the entire agreement and understanding
between you and the Company concerning your employment relationship with the
Company.

 

Please confirm your acceptance of the offer
as outlined herein by signing this letter and returning it to me.

 

	
  Sincerely yours,

  
	
   

  
	
  /s/
  James T. Demetriades

  	
   

  
	
   

  
	
  James T. Demetriades

  
	
  Chief Executive Officer

  
	
   

  
	
   

  	
  I accept the offer of
  employment as outlined in this letter.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ H.
  Carvel Moore

  	
   

  
	
   

  	
  H. Carvel Moore

  
				

 

2Exhibit 10.28

 

COPY

 

FIFTH AMENDMENT

TO

LOAN AND SECURITY AGREEMENT

 

This Fifth
Amendment to Loan and Security Agreement is entered into as of March 26, 2003
(the “Amendment”), by and between COMERICA BANK-CALIFORNIA (“Bank”) and
SEEBEYOND TECHNOLOGY CORPORATION (“Borrower”).

 

RECITALS

 

Borrower and
Bank are parties to that certain Loan and Security Agreement dated as of
December 4, 2000, as amended by that certain Amendment to Loan and Security
Agreement dated as of June 10, 2001, that certain Second Amendment to Loan and
Security Agreement dated as of October 31, 2001, that certain Third Amendment
to Loan and Security Agreement dated as of August 7, 2002, and that certain
Fourth Amendment to Loan and Security Agreement dated as of December 24, 2002,
as amended from time to time (the “Agreement”).  The parties desire to amend the Agreement in accordance with the
terms of this Amendment.

 

NOW,
THEREFORE, the parties agree as follows:

 

1.             Section 2.1.3 (a) of
the agreement is hereby revised in its entirety to read as follows:

 

“(a)         Subject to the terms and
conditions of this Agreement, from the Closing Date through the Revolving
Maturity Date, Bank agrees to issue or cause to be issued letters of credit
(each a “Letter of Credit,” collectively, the “Letters of Credit”) for the
account of Borrower in an aggregate face amount not to exceed (A) the lesser of
the Committed Revolving Line or the Borrowing Base, minus the sum of (x)
the then outstanding principal balance of the Advances, and (y) the aggregate
face amount of any outstanding Letters of Credit, or (B) Five Million
Dollars ($5,000,000).  Each such Letter
of Credit shall be renewable annually and shall have an expiration date no
later than the Revolving Maturity Date, unless prior to the Revolving Maturity Date,
Borrower shall secure in cash all obligations under any outstanding Letters of
Credit on terms acceptable to Bank.  All
Letters of Credit shall be, in form and substance, acceptable to Bank in its
sole discretion and shall be subject to the terms and conditions of Bank’s form
of application and letter of credit agreement. 
All amounts actually paid by Bank in respect of a Letter of Credit
shall, when paid, constitute an Advance under this Agreement.”

 

2.             Section 7.6 of the
Agreement hereby is amended in its entirety to read as follows:

 

“7.6         Distributions.  Pay any cash dividends or make any other
distribution or payment on account of or in redemption, retirement or purchase
of any capital stock, or otherwise Transfer any assets to any Affiliates.  Notwithstanding the foregoing, through March
7, 2005, Borrower may repurchase up to an aggregate of $10,000,000 of its
common stock at a price not to exceed $5.00 per share (exclusive of any
commissions or markups), so long as an Event of Default does not exist prior to
such repurchase or would not exist after giving effect to such repurchase.”

 

3.             Section 7.7 of the
Agreement hereby is amended in its entirety to read as follows:

 

“7.7         Investments.  Directly or indirectly acquire or own, or
make any Investment in or to any Person, or permit any of its Subsidiaries so
to do, other than Permitted Investments. 
Notwithstanding the foregoing, through March 7, 2005, Borrower may
repurchase up to an aggregate of $10,000,000 of its common stock at a price not
to exceed $5.00 per share (exclusive of any commissions or markups), so long as
an Event of Default does not exist prior to such repurchase or would not exist
after giving effect to such repurchase.”

 

4.             Unless otherwise
defined, all initially capitalized terms in this Amendment shall be defined in
the Agreement.  The Agreement, as
amended hereby, shall be and remain in full force and effect in accordance with
its respective terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the

 

 

execution, delivery, and
performance of this Amendment shall not operate as a waiver of, or as an
amendment of, any right, power, or remedy of Bank under the Agreement, as in
effect prior to the date hereof.  Borrower
ratifies and reaffirms the continuing effectiveness of all promissory notes,
guaranties, security agreements, mortgages, deeds of trust, environmental
agreements, and all other instruments, documents and agreements entered into in
connection with the Agreement.

 

5.             Borrower represents and warrants
that the representations and warranties contained in the Agreement are true and
correct as of the date of this Amendment, and that no Event of Default has
occurred and is continuing.

 

6.             This Amendment may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one instrument.

 

7.             As a condition to the effectiveness
of this Amendment, Bank shall have received, in form and substance satisfactory
to Bank, the following:

 

(a)           this Amendment, duly executed by
Borrower;

 

(b)           an Amendment fee of One Thousand Five
Hundred Dollars ($1,500);

 

(c)           an amount equal to all Bank Expenses
incurred to date; and

 

(d)           such other documents, and completion
of such other matters, as Bank may reasonably deem necessary or appropriate

 

IN WITNESS
WHEREOF, the undersigned have executed this Amendment as of the first date
above written.

 

	
   

  	
  SEEBEYOND
  TECHNOLOGY CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Barry
  Plaga

  	
   

  
	
   

  	
  Title:

  	
  BARRY PLAGA

  	
   

  
	
   

  	
   

  	
  SVP &
  CFO

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMERICA
  BANK-CALIFORNIA

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Bonnie Kehe

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Sr. VP

  	
   

  
						

 

2

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