Document:

Exhibit 10.44

OYSTER POINT MARINA PLAZA

Second Amendment to Office Lease

THIS SECOND AMENDMENT TO OFFICE LEASE (the “Second Amendment”) is made and entered into as of January 28, 2015, by and between KASHIWA FUDOSAN AMERICA, INC., a California corporation (“Landlord”) and SUNESIS PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”).

Recitals

A.Landlord and Tenant have heretofore entered into that certain lease dated August 1, 2013 (the “Lease”) for premises described as Suite 400 (the “Premises”), initially containing approximately 15,378 rentable square feet, in the building located at 395 Oyster Point Boulevard, South San Francisco, California (the “Building”), which forms part of the office building complex commonly known as Oyster Point Marina Plaza (the “Complex”).

B.The Lease has heretofore been amended by that certain First Amendment to Office Lease dated as of June 3, 2014 (the “First Amendment”), under which the parties agreed to extend the Term of the Lease through June 30, 2015 and to expand the Premises by the addition thereto of Suite 300 containing approximately 6,105 rentable square feet of space.

C.The parties mutually desire to amend the terms of the Lease to extend its Term and effect certain other related changes, all on and subject to the terms and conditions hereof.

Agreement

Now, therefore, in consideration of the mutual terms and conditions herein contained and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1Effect of Amendment.  Landlord and Tenant agree that, notwithstanding anything contained in the Lease to the contrary, the provisions set forth below will be deemed to be part of the Lease and shall supersede, to the extent they differ, any contrary provisions in the Lease.  Terms defined in the Lease and the First Amendment shall have the same meanings in this Second Amendment, unless a different definition is set forth in this Second Amendment.  A true, complete, and correct copy of the Lease is attached hereto as Exhibit A and incorporated herein by reference.

2Effective Date.  The amendments and changes specified in this Second Amendment shall become effective on July 1, 2015 (the “Effective Date”).  Notwithstanding the foregoing, this Second Amendment shall constitute the fully-binding agreement and contract of the parties from and after the date of the parties’ execution and delivery of this Second Amendment to each other.

3Summary Table.  The Table set forth in § 1.2 of the Lease as heretofore amended is hereby superseded and replaced in its entirety by the following table, which shall constitute the Table under§ 1.2 of the Lease for all purposes from and after the Effective Date of this Second Amendment:

								
	
Periods
	
Suite No.
	
RSF
	
USF
	
Monthly Base Rent
	
Tenant’s Share Bldg
	
Tenant’s Share Complex
	
Base Year

	
July 1, 2015 through December 31, 2015
	
400
	
15,378
	
13,372
	
$31,524.90
	
6.608%
	
3.311%
	
2014

	
300
	
6,105
	
5,231
	
$12,515.25
	
2.623%
	
1.314%
	
2014

 

 

 

In the event of any conflict between the terms contained in the Table and the terms contained in subsequent paragraphs of this Second Amendment, the terms of the Table shall control, except as may be expressly varied in any subsequent paragraphs of this Second Amendment.

4EXTENSION OF LEASE TERM.  The Term of the Lease specified in §1.4 of the Lease as heretofore amended is hereby ex tended for an additional period of six (6) months commencing on July 1, 2015, and the Expiration Date of the Lease is hereby amended accordingly to December 31, 2015.

4.1Option to Renew.  Tenant is hereby granted one (1) option to extend (the “Extension Option”) the Term of the Lease with respect to the entire Premises for one (1) additional period of six (6) months (the “Extension Period”).  The Extension Period term shall begin the first day following the Expiration Date as extended hereunder and shall take effect on the same terms and conditions as are in effect under the Lease immediately prior to the first Extension Period, except that the Base Rent specified as to each suite comprising the Premises in the Table above shall be increased to $2.15 per rentable square foot per month.

(a) Exercise of Option.  The Extension Option may be exercised only by (i) delivering in person to Landlord’s Building Manager in the Building Office written notice of Tenant’s irrevocable election to exercise no later than September 1, 2015, and (ii) collecting and retaining in exchange for such notice of exercise an original written receipt therefor signed and dated by Landlord’s Building Manager.  Tenant’s exercise of its Extension Option shall not be effective or valid if there is any deviation in the timing or manner of exercise prescribed herein.

(b) Failure to Exercise.  If Tenant shall fail validly and timely to exercise the Option herein granted, said Option shall terminate and shall be null and void and of no further force and effect.

(c) Default.  Tenant’s exercise of the Option shall, at Landlord’s election, be null and void if Tenant is in Default on the date of Tenant’s notice of exercise or at any time thereafter and prior to commencement of the Extension Period.  Tenant’s exercise of the Extension Option shall not operate to cure any Default by Tenant nor to extinguish or impair any rights or remedies of Landlord arising by virtue of such Default.  If the Lease or Tenant’s right to possession of the Premises shall terminate before Tenant shall have exercised the Extension Option, then immediately upon such termination the Extension Option shall simultaneously terminate and become null and void.

(d) Time.  Time is of the essence of the Ex tension Option granted hereunder.

5Extension Term Base Year.  As specified in the Table above, the Base Year for the purposes calculating Tenant’s Share of Increased Operating Expenses and Increased Taxes under Article 4 of the Lease as heretofore amended shall be calendar year 2014 from and after the Effective Date.

6Extension Term Base Rent.  The Base Rent for the Premises specified in § 1.5 of the Lease as heretofore a mended shall be the amounts specified as Monthly Base Rent in the Table above for the various periods and spaces set forth in the Table from and after the Effective Date.

7Use of Furniture.  Tenant’s right to use the Furniture as set forth in 8 of the First Amendment shall remain unchanged through the Expiration Date as ex tended hereunder.

8Condition of Premises.  Tenant shall accept the Premises, any existing Improvements in the Premises, and the Systems and Equipment serving the same in an “as is” condition on the Effective Date, and Landlord shall have no obligation to improve, alter, remodel, or otherwise modify the Premises in connection with Tenant’s continued occupancy of the Premises from and after the July 1, 2015.

 

9Security Deposit.  Tenant’s Security Deposit specified in§ 5.1 of the Lease as heretofore amended shall remain unchanged in consequence of the parties’ execution and delivery of this Second Amendment to each other.

10Access Inspection Disclosure.  Pursuant to California Civil Code § 1938, Landlord hereby notifies Tenant that, as of the date of this Second Amendment, the Premises have not undergone inspection by a “Certified Access Specialist” to determine whether the Premises meet all applicable construction-related accessibility standards under California Civil Code§ 55.53, and the Premises have not been determined to meet all applicable construction-related accessibility standards pursuant to Civil Code§ 55.53.

11No Disclosure.  Tenant agrees that it shall not disclose any of the matters set forth in this Second Amendment or disseminate or distribute any information concerning the terms, details, or conditions hereof to any person, firm, or entity without obtaining the express written approval of Landlord.

12Defined Terms.  Terms used herein that are defined in the Lease shall have the meanings therein defined, unless a different definition is set forth in this Second Amendment.  In the event of any conflict between the provisions of the Lease, and this Second Amendment, the terms of this Second Amendment shall prevail.

13Survival.  Warranties, representations, agreen1ents, and obligations contained in this Second Amendment shall survive the execution and delivery of this Second Amendment and shall survive any and all performances in accordance with this Second Amendment.

14Counterparts.  This Second Amendment may be executed in any number of counterparts, which each severally and all together shall constitute one and the same Second Amendment.

15Attorneys’ Fees.  If any party obtains a judgement against any other party or parties by reason of breach of this Second Amendment, reasonable attorneys’ fees and costs as fixed by the court shall be included in such judgement against the losing party or parties.

16Successors.  This Second Amendment and the terms and provisions hereof shall inure to the benefit of and be binding upon the heirs, successors, and assigns of the parties.

17Authority.  Each of the individuals executing this Second Amendment represents and warrants that he or she is authorized to execute this Second Amendment on behalf of the party for whom he or she is executing this Second Amendment and that by his or her signature such party is legally bound by the terms, covenants, and conditions of this Second Amendment.

18Governing Law.  This Second Amendment shall be construed and enforced in accordance with the laws of the State of California.

19Continuing Validity of Lease.  Except as expressly modified herein, the Lease remains in full force and effect.

20Conflicts.  In the event of any conflict between the provisions of the Lease and those of this Second Amendment, the terms and provisions of this Second Amendment shall control.

21Landlord’s Representative.  Tenant acknowledges and agrees that, in executing this Second Amendment, TAK Development, Inc., a California corporation, is acting solely in its capacity as Landlord’s authorized attorney-in-fact.  TAK Developn1ent, Inc. is not acquiring or assuming any legal liability or obligation to any other party executing this Second Amendment, and any claim or demand of any such other party arising under or with respect to this Second Amendn1ent shall be n1ade and enforced solely against Landlord.

 

22Exhibits.  The following exhibits have been attached to this Second Amendment by the parties prior to their execution and deliver of the same to each other, which are incorporated herein by reference:

Exhibit A-- The Lease

23Whole Agreement.  The mutual obligations of the parties as provided herein are the sole consideration for this Second Amendment, and no representations, promises, or inducements have been made by the parties other than as appear in this Second Amendment, which supersedes any previous negotiations.  There have been no representations made by the Landlord or understandings made between the parties other than those set forth in this Second Amendment.  This Second Amendment may not be amended except in writing signed by all the parties.

In witness whereof, the parties have executed this Second Amendment as of the date first above written.

			
	
Landlord:

KASHIWA FUDOSAN AMERICA, INC., a California corporation

By:TAK Development, Inc., a
California corporation

Its:Attorney-in-Fact

By:/s/ Yujin Yamaai
Yujin Yamaai, Vice President
	
 
	
Tenant:

SUNESIS PHARMACEUTICALS, INC., a California corporation

By:   /s/ Eric Bjerkholt

[name typed]

Its:CFO

 

 

 

		
	
/s/Robert L. Delsman_

	
Robert L Delsman

Approved as to Legal Form and Sufficiency

Berkeley, California

2015.01.28 15:46:17  08’00’CYBE_2014.12.31 - Ex10-9

Exhibit 10.9

CYBEROPTICS CORPORATION
NONQUALIFIED STOCK OPTION AGREEMENT

THIS AGREEMENT, made as of the ___ of ____, 20__ by and between CyberOptics Corporation, a Minnesota corporation (“the Company”), and _______ (“Employee”).

WHEREAS, the Company wishes to grant this stock option to Employee under its 1998 Stock Incentive Plan.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, the parties hereto hereby agree as follows:
1.  Definitions
For all purposes of this Option, the following terms shall have the meanings ascribed to them below:
		
	(a)
	An “Adverse Change” in Employee’s employment shall mean the occurrence of any of the following events:

		
	(i)
	the assignment to Employee of employment responsibilities which are not of comparable responsibility and status as the employment responsibilities held by Employee immediately prior to a Change in Control;

		
	(ii)
	a reduction by the Company in Employee’s compensation (including targeted bonus compensation) as in effect immediately prior to a Change in Control;

		
	(iii)
	the Company’s requiring Employee to be based anywhere after a Change of Control other than within fifty (50) miles of Employee’s office location immediately prior to a Change in Control, except for requirements of temporary travel on the Company’s business to an extent substantially consistent with Employee’s business travel obligations immediately prior to a Change in Control; or

		
	(b)
	“Change in Control” shall mean:

		
	(i)
	a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement;

		
	(ii)
	the public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) that such person has become the “beneficial owner” (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company’s then outstanding securities;

		
	(ii)
	the Continuing Directors cease to constitute a majority of the Company’s Board of Directors;

		
	(iii)
	the shareholders of the Company approve (x) any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of Company stock would be converted into cash, securities or other property, other than a merger of the Company in which shareholders immediately prior to the merger have the same proportionate ownership of stock of the surviving corporation immediately after the merger; (y) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company; or (z) any plan of liquidation or dissolution of the Company; or

		
	(iv)
	the majority of the Continuing Directors determine in their sole and absolute discretion that there has been a change in control of the Company.

		
	(c)
	“Code” shall mean the Internal Revenue Code of 1986, as amended.

		
	(d)
	“Company” shall mean CyberOptics Corporation, a Minnesota corporation, and with respect to any reference to Employee’s employer, any subsidiary of CyberOptics Corporation.

		
	(e)
	“Common Stock” shall mean the common stock, no par value, of the Company.

		
	(f)
	“Continuing Director” shall mean any person who is a member of the Board of Directors of the Company, while such person is a member of the Board of Directors, who is not an Acquiring Person (as defined below) or an Affiliate or Associate (as defined below) of an Acquiring Person, or a representative of an Acquiring Person or of any such Affiliate or Associate, and who (x) was a member of the Board of Directors on the effective date of this Option or (y) subsequently becomes a member of the Board of Directors, if such person’s initial nomination for election or initial election to the Board of Directors is recommended or approved by a majority of the Continuing Directors.  For purposes of this subparagraph (ii), “Acquiring Person” shall mean any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) who beneficially owns (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, securities of the Company representing 40% or more of the combined voting power of the Company’s then outstanding securities, but shall not include the Company, any subsidiary of the Company or any employee benefit plan of the Company or of any subsidiary of the Company or any entity holding shares of Common Stock organized, appointed or established for, or pursuant to the terms of, any such plan; and “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 promulgated under the Exchange Act.

		
	(g)
	“Disabled” or “Disability” shall have the meaning attributed to it by Section 105(d)(4) of the Code or any successor section.

		
	(h)
	“Option” shall mean the right to purchase Common Stock of the Company represented by this Agreement.

		
	(i)
	“Retirement” or “Retire” shall mean the cooperative Resignation of Employee pursuant to its retirement policies after age 58 and after the Employee has been employed by the Company or a subsidiary for more than ten years.

		
	(j)
	“Resign” or “Resignation” shall mean the voluntary termination by Employee of employment with the Company, unless the Company agrees, through its Board of Directors, that such voluntary termination shall not constitute a resignation for purposes of this Option.

2.  Grant of Option
The Company hereby grants to Employee, on the date set forth above and at the times and subject to the conditions set forth below, the right and option to purchase all or any part of an aggregate of  ____ of Common Stock at the price of ___ per share on the terms and conditions set forth herein.  This Option is not intended to be an incentive stock option within the meaning of Section 422 of the Code.
3.  Duration and Exercisability
		
	(a)
	Except as provided in paragraph 3(b) or 4(b) below, this Option may not be exercised by Employee until the expiration of one (1) year from the date hereof and shall become exercisable on the first anniversary of the date hereof with respect to 25% of the shares subject hereto and with respect to an additional cumulative 25% of the shares subject to this Option on the anniversary of the date hereof in each year thereafter until the fourth anniversary of the date hereof when this Option shall be exercisable in full.  This Option shall terminate in all events seven (7) years after the date of grant.

		
	(b)
	Notwithstanding Section 3(a), the exercisability of this Option shall be accelerated, and this Option shall become exercisable with respect to all of the shares subject to this Option on the date of, and in the event of, an Adverse Change in Employee’s employment after a Change In Control.

		
	(c)
	During the lifetime of Employee, the Option shall be exercisable only by Employee and shall not be assignable or transferable by Employee, other than by will or the laws of descent and distribution.

4.    Effect of Termination of Employment
		
	(a)
	In the event that Employee (i) shall cease to be employed by the Company prior to a Change of Control for any reason other than Employee’s gross and willful misconduct, Employee’s Retirement or Employee’s death or Disability, or (ii) shall Resign after a Change of Control and prior to an Adverse Change, then Employee shall have the right to exercise the Option at any time within three months after such termination of employment or Resignation to the extent of the full number of shares Employee was entitled to purchase under the Option on the date of termination or resignation, subject to the condition that no Option shall be exercisable after the expiration of the term of the option.

		
	(b)
	In the event that Employee’s employment with the Company is terminated by the Company within two years after a Change of Control, Employee shall have the right to exercise the Option at any time within three months after such termination of employment with respect to the full number of shares subject to this Option. 

		
	(c)
	In the event that Employee shall cease to be employed by the Company by reason of Employee’s gross and willful misconduct during the course of employment, including but not limited to wrongful appropriation of the Company funds or the commission of a gross misdemeanor or felony, the option shall be terminated as of the date of the misconduct.

		
	(d)
	If Employee shall die while in the employ of the Company or within three months after termination of employment for any reason other than gross and willful misconduct or become Disabled while in the employ of the Company and Employee shall not have fully exercised the option, such option may be exercised at any time within twelve months after Employee’s death or Disability by the personal representatives or administrators, or if applicable guardian, of Employee or by any person or persons to whom the option is transferred by will or the applicable laws of descent and distribution, to the extent of the full number of shares Employee was entitled to purchase under the option on the date of death, Disability or termination of employment, if earlier, and subject to the condition that no option shall be exercisable after the expiration of the term of the option.

		
	(e)
	In the event Employee Retires, then Employee shall have the right to exercise the Option at any time after such Retirement and until the term of this Option expires to the extent of the full number of shares Employee was entitled to purchase under the Option on the date of Retirement.

5.  Manner of Exercise
		
	(a)
	The option can be exercised only by Employee or other proper party by delivering within the option period written notice to the Company at its principal office.  The notice shall state the number of shares as to which the option is being exercised and be accompanied by payment in full of the option price for all shares designated in the notice.

		
	(b)
	Employee may pay the option price by check (bank check, certified check or personal check) or with the approval of the Company by delivering to the Company for cancellation Common Stock of the Company with a fair market value equal to the option price; provided, however, that Employee shall not be entitled to tender shares of the Common Stock pursuant to successive, substantially simultaneous exercises of this Option or any other stock option of the Company.  For these purposes, the fair market value of the Common Stock shall be as reasonably determined by the Company but shall not be less than, if applicable, (i) the closing price of the stock as reported for composite transactions, if the Common Stock is then traded on a national securities exchange, (ii) the last sale price if the Common Stock is then quoted on the NASDAQ National Market System or (iii) the average of the closing representative bid and asked prices of the Common Stock as reported on NASDAQ on the date as of which fair market value is being determined.

6.  Miscellaneous
		
	(a)
	This option is issued pursuant to the Company’s 1998 Stock Incentive Plan and is subject to its terms.  The terms of the Plan are available for inspection during business hours at the principal offices of the Company.

		
	(b)
	This Agreement shall not confer on Employee any right with respect to employment or continuance of employment by the Company, nor will it interfere in any way with the right of the Company to terminate such employment at any time.  Employee shall have none of the rights of a shareholder with respect to shares subject to this Option until such shares shall have been issued to Employee upon exercise of this Option.

		
	(c)
	The exercise of all or any parts of this Option shall only be effective at such time that the sale of Common Stock pursuant to such exercise will not violate any state or federal securities or other laws.

		
	(d)
	Notwithstanding any other provision of this Option, if there shall be any change in the common stock subject to the Option through merger, consolidation, reorganization, recapitalization, dividend or other distribution, stock split or other similar corporate transaction or event of the Company, or the Company shall enter into a written agreement to undergo such a transaction or event, the Company, in its absolute discretion, may either:  (i) make appropriate adjustment in the number of shares and the price per share of the shares subject to the Option in order to prevent dilution or enlargement of the Option rights granted hereunder (provided that the number of shares subject to the Option shall always be a whole number) or (ii) cancel any or all of this Option and pay to Employee in cash the value of such cancelled Option or portion thereof based on the price per share received, or to be received, by a shareholder of the Company in such transaction.

		
	(e)
	The Company shall at all times during the term of the Option reserve and keep available such number of shares as will be sufficient to satisfy the requirements of this Agreement.

		
	(f)
	In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to it upon the exercise of the Option, and in order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to insure that, if necessary, all applicable federal or state payroll, withholding, income or other taxes are withheld or collected from Employee.  Employee may elect to satisfy his federal and state income tax withholding obligations upon exercise of the Option by (i) having the Company withhold a portion of its common shares otherwise to be delivered upon exercise of the Option having a fair market value equal to the amount of federal and state income tax required to be withheld upon such exercise, or (ii) delivering to the Company shares of Common Stock other than the shares issuable upon exercise of the Option with a fair market value equal to such taxes.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written.

CYBEROPTICS CORPORATION            EMPLOYEE

_________________________________        ________________________________
Subodh Kulkarni                            Name
Chief Executive Officer

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