Document:

EX-10.27

 Exhibit 10.27 

 
  
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#2;Body text (2);Body text1;MEDIVATION 
 Driven by science. Focused on life. 

Via Hand Delivery 
 November 10, 2014 
 Mr. Joseph Lobacki [Address]
[Address] 
 Dear Joe: 
 It is my great pleasure to offer you the position of Chief Commercial Officer reporting to me. We are very excited about the possibility of you joining our team, and we look forward to the
prospect of working with you in our innovative company! 
 As an employee of Medivation, Field Solutions Inc.,
(the Company) you will be eligible to participate in our benefits and compensation programs. Medivation Field Solutions,. Inc. is a subsidiary of Medivation, Inc. 
 The following outlines the terms of our offer: 

Your annualized base salary will be $458,000 payable on the 15th and last day of each month. 

We will pay you a one-time signing bonus of $150,000 within thirty days of your employment start date, provided that you
begin employment with Medivation on or before December 8, 2014. If you voluntarily terminate your employment with us before the first anniversary of your employment start date you agree to repay this signing bonus to Medivation on or before your
termination date. 
 Employees who join the Company between January 1 and September 30th will be eligible for a
prorated bonus for their first year of employment. Bonuses are generally paid m the first quarter, following year that the bonus was earned. As such, you will be eligible for the 2015 corporate bonus paid out in the first quarter of 2016. The target
bonus opportunity for your position Is 60% of your base salary. The actual payout can range from 0% to 250% of this target, based! on individual and company performance. The Board of Directors makes, an assessment of company achievement against
goals for purposes of annual bonus payouts annually, generally in the first quarter of the following year. You will be a participant in the Medivation 162M Bonus Program for Section 16 Officers as adopted by the Board of Directors. 

We will recommend to Medivation’s Board of Directors that you be granted an: option to purchase 22,430 shares of
Medivation common stock and 11, 215 restricted stock units (RSUs). Upon vesting, each RSU will entitle you to receive one share of Medivation common stock. 
 SF\395563.1 

 

 
  
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text1;Your options will have an exercise price equal to the fair market value of the shares, on the date the option is granted (as determined in accordance with Medivation’s Stock Option Grant Date Policy), The terms of your options will be
governed in all respects by the terms of our 2004 Equity Incentive Award Plan and the stock option agreements. Your options will vest over a four-year period - 25% at the end of the first year,, then l/48th monthly thereafter over the ensuing three
years. Your RSUs will vest over a three year period - one third on each of approximately the first, second and third anniversaries of the grant date. In the event there is a change of control of Medivation, your options would fully vest and become
exercisable, and your RSUs would fully vest, automatically upon the occurrence of that event. 
 Your options and
RSUs will be submitted for approval following your start date of employment. A stock option agreement will be provided to you, after the Board of Directors has approved your grant, In addition, you may be eligible for future annual equity grants;
under the Plan based on the level of your position and your performance. Annual grants are typically made in the first quarter, of the year following a performance evaluation. Employees must be on board by September 30th, in order to be eligible for
an annual grant. 
 As an employee of the Company you will be eligible to enroll in our comprehensive benefits
program that includes health, dental, vision, basic life and basic personal accident insurance. Details will be provided during the new hire orientation. All Medivation Field Solutions, Inc., benefits are re-evaluated on an annual basis and are
subject to change. 
 Subject to timely completion of your job responsibilities, paid time off (PTG) may be
utilized at your discretion. 
 The Company offers a 401(k) plan with an employer match that provides you with
the opportunity for pre- or post-tax, long-term savings. You may contribute up to the federal maximum, which is currently $17,500. 
 In addition, the Company offers an Employee Stock Purchase Plan (ESPP) - ESP is a voluntary benefit that allows eligible employees to purchase shares of Medivation common stock at a
discount through after tax payroll deductions. Eligible employees must enroll during the designated enrollment period. Additional information including a Prospectus and online enrollment instructions will be provided after your date of employment..

 It is out understanding that you plan to establish a residence in the Bay Area. You will be eligible for the
Medivation Relocation Program. Relocation benefits under this Plan are tailored to meet the needs of the relocating employee, within the guidelines of our Policy. The attached document outlines the benefits that will be provided to you, for your
relocation from the Boston MA to the San Francisco Bay Area. All payments are grossed up for state and federal taxes. If you voluntarily terminate your employment with us before the second anniversary of your employment start date, you agree to
repay any cash portion of the relocation costs to Medivation on or before your termination date 

 

 
  
 As a
result of the 1986 Immigration Reform and Control Act, we are required to verify the identity and work authorization of all new employees. You will therefore be required to sign the Employment Eligibility Verification (Form 1-9). We will need to
examine original documents that satisfy these verification requirements, within 24 hours of your employment start date. This offer of employment is contingent upon your providing the necessary documentation within that period. 

You will abide by the Company’s strict policy that prohibits any new employee from using or bringing with him/her all
prior employers’ proprietary information, trade secrets, proprietary materials, and/or processes. Upon starting employment with Medivation Field Solutions, Inc., you will be required to sign an Employee Confidentiality and Invention Assignment
Agreement indicating, among other things, your agreement with this policy. 
 By signing below you are indicating
your understanding that should you accept a position at Medivation Field Solutions, Inc., the employment relationship is based on the mutual consent of the employee and the Company. Accordingly, either you or the Company can terminate the employment
relationship at will, at any time, with or without cause or advance notice. 
 This offer of employment is
effective for 3 business days from the date of this letter and is contingent upon satisfactory completion of background and reference checks. If all of the foregoing is satisfactory, please sign, date, and return this letter, within 3 business days.
Please label the envelope attention Sandy Cooper, Human Resources and mail It to Medivation, 525 Market Street 36th Floor, San Francisco, CA 94105. If you prefer, you may scan and email your signed offer letter to sandy.cooper@medivati-on.com

 Joe, we are enthusiastic about welcoming you to the Company and look forward to you joining our team.

 Sincerely, /s/ David Hung, MD David Hung, MD President and Chief Executive Officer 

I accept employment with the Company on the foregoing terms. /s/ Joseph Lobacki 11/14/14 12/8/14 Date Signed Anticipated
Start DateEX-10.29

 Exhibit 10.29 

 
  
 AMENDMENT
TO CONSULTING AGREEMENT 
 This Amendment (the “Amendment”) hereby amends the Consulting Agreement
dated July 14, 2014 between Medivation, Inc. (collectively with its subsidiaries, the “Company”) and Dawn Svoronos (“Consultant”)(the “Agreement”), effective as of October 14, 2014. 

The following provisions shall be added to the end of the section entitled “Compensation” in Exhibit A (Work
Plan and Compensation) of the Agreement: 
 “In addition, Company may, in its sole discretion, decide to
grant Consultant certain options to purchase the Company’s common stock and certain restricted stock units as further consideration for Consultant’s services hereunder. If granted, any such equity interests shall be subject to the terms of
the grant notice, any applicable agreements, and the governing Equity Incentive Award Plan.” 
 Except as
expressly amended herein, all other terms and conditions of the Agreement shall remain in full force and effect. 

In Witness Whereof, the parties hereto have executed this Amendment as of the date first set forth above. 

Medivation, Inc. Consultant 
 By: /s/ Jennifer J. Rhodes By: V /s/ D. Svoronos 

Print Name: Jennifer J. Rhodes Print Name: D. Svoronos 

Title: General Counsel Social Security Number/Tax ID Number: [SSN/Tax ID] 232 459 156 (CANADA) 

Dated Oct 14, 2014 Dated Oct 14, 2014 
 to have effect as of the Effective to have effect as of the Effective 
 Date (retroactively, if signed later than Date (retroactively, if signed later than 
 the Effective Date). the Effective Date).EX-10.32

 Exhibit 10.32 

 
  
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(2);Body text;FIRST AMENDMENT TO OFFICE LEASE 
 THIS FIRST AMENDMENT TO OFFICE LEASE (this
“Amendment”) is made and entered into as of December 28, 2011 (the “Effective Date”) by and between KNICKERBOCKER PROPERTIES, INC. XXXIII, a Delaware corporation (the “Landlord”), and MEDIVATION, INC., a Delaware
corporation (the “Tenant”). 
 WITNES SETH 

	 A.
	  
	 Landlord and Tenant entered into that certain Office Lease dated as of December 28, 2011 (the
“Lease”). 

	 B.
	  
	 Pursuant to the terms of the Lease, Tenant is leasing certain premises in the office building (the
“Building”) located at 525 Market Street, San Francisco, California 94105. 

	 C.
	  
	 The parties desire to amend the Lease as set forth hereinbelow. 

NOW, THEREFORE, in consideration of the agreements herein contained, the parties hereto agree as follows: 

1. Incorporation of Recitals. The recitals set forth above are incorporated herein and 

made a part of this Amendment to the same extent as if set forth herein in full. 

	 2.
	  
	 Capitalized Terms. All capitalized terms in this Amendment shall have the same meanings as in the Lease unless
expressly provided otherwise herein. 

	 3.
	  
	 Certain Tenant Improvements. Tenant has requested that Landlord review Tenant’s proposal for an
interconnecting staircase between the 35th floor and the 36th floor of the Building (the “Proposed Staircase”). Landlord is willing to review Tenant’s plans and specifications for the Proposed Staircase (which review shall be in
accordance with and subject to the terms of the Worldetter Agreement attached to the Lease as Exhibit “C” ) and in consideration thereof, Tenant acknowledges and agrees that: 

3.1 Installing an interconnecting staircase in the Building will involve significant costs and expenses (including,
without limitation, specialized engineering and architectural plans, permits, and approvals). All costs and expenses and permits and other governmental approvals associated with the design and installation of such a staircase are and shall be the
sole responsibility of Tenant. 
 3.2 Prior to commencing any work on the Proposed Staircase, Tenant shall notify
Landlord and Landlord shall have the right to undertake a survey for ACM in the work area (‘ ‘ACM Survey”) and to perform any necessary ACM abatement as determined by Landlord in its sole and absolute discretion (collectively, the
“Special Abatement Work”). Following completion of the Landlord’s ACM Survey, and prior to commencing any Special Abatement Work, Landlord shall provide Tenant with a copy of the ACM Survey which will include an estimate of the
anticipated hard and soft costs and expenses of the Special Abatement 

 

 
  
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text;Work proposed by the ACM Survey. Such cost and expense estimate is not a fixed price bid or a maximum guaranteed amount for the Special Abatement Work, and the actual hard and soft costs and expenses of the Special Abatement Work may be
significantly greater than the estimate included in the ACM Survey. Tenant shall have the one-time right, in its sole discretion, to withdraw its request for the Proposed Staircase by notice to Landlord (given strictly in accordance with the terms
of the Lease) within five (5) business days following Tenant’s receipt of the ACM Survey. Time is of the essence. If Tenant exercises its right to withdraw its request to install the Proposed Staircase, Tenant shall pay all Landlord’s
actual costs and expenses incurred in connection with the ACM Survey. In the event Tenant does not exercise its right to withdraw its request to install the Proposed Staircase, Tenant shall be irrevocably obligated to pay all of Landlord’s
costs and expenses (including without limitation the costs of any third party consultants and abatement specialists as well as any supervision fees charged by Landlord) incurred in preparing the ACM Survey and for the Special Abatement Work (which
Tenant acknowledges may be significantly greater than the estimates included in the ACM Survey) within thirty (30) days of Landlord’s presentment of its invoices therefor, and such costs and expenses shall constitute additional Rent under the
Lease. Any delay in the substantial completion of the design, construction, and/or installation of the Tenant Improvements attributable to the Special Abatement Work experienced by Tenant shall not constitute a “Landlord Delay” (as defined
in the Workletter Agreement). 
 2.1 Tenant shall be responsible for the hard and soft costs for the removal of
the Proposed Staircase and the restoration of the Premises and the base Building and its core to the condition existing as of December 28, 2011 (the “Restoration Work”) as set forth below. 

2.2 Tenant shall deliver a notice to Landlord (given strictly in accordance with the terms of the Lease) at least one
hundred twenty (120) days but not more than one hundred fifty (150) days prior to the scheduled Expiration Date requesting that Landlord provide an estimate of the costs and expenses to remove the Proposed Staircase (the “Removal Notice”).
Landlord and Tenant may (but shall have no obligation to) negotiate for the sixty (60) day period commencing on the date Landlord receives the Removal Notice (the “Negotiation Period”) to modify the schedule or other terms for the
Restoration Work. In the event that Landlord and Tenant are not able to negotiate mutually acceptable modifications to the schedule or other terms for the Restoration Work, Landlord shall endeavor to obtain within sixty (60) days after the end of
the Negotiation Period, up to three (3) third party fixed-price bids from licensed contractors approved by Landlord for work in the Building for the Restoration Work (provided, however, in the event the Lease terminates prior to the scheduled
Expiration Date or if Tenant fails to deliver a Removal Notice and the Lease expires, Landlord shall endeavor to obtain such bids as soon as reasonably practical after such termination or expiration). Landlord’s failure to deliver such bids
within the time frames set forth above shall not modify or affect Tenant’s obligation to pay the cost for the Restoration Work. Landlord shall select the lowest price bidder adjusted to (i) permit an apples-to-apples comparison and (ii) include
all hard and soft costs, and all permitting, architectural, engineering fees, and the C/M Fee) and enter into a construction contract consistent with the terms of the bid with such approved contractor to perform the Restoration Work (the
“Approved Bid”). Landlord shall manage and supervise the Restoration Work, and shall receive a fee (the “C/M Fee”) equal to three percent (3%) of the cost of the Restoration Work. Under no 

 

 
  
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text;circumstances shall the fact that the Restoration Work is not complete by the Expiration Date or earlier termination of the Lease be deemed to be a hold-over by Tenant. The cost incurred by Landlord for the Restoration Work and the C/M Fee
shall constitute additional Rent under the Lease. Upon the completion of the Restoration Work, Landlord shall present an invoice for the cost of the Restoration Work and its C/M Fee (collectively, the “Actual Costs”) and Tenant shall pay
the Actual Costs to Landlord within thirty (30) days of Landlord’s presentment of its invoices therefor. Tenant acknowledges that the Actual Costs may be higher than the Approved Bid as a result of a number of reasons, including but not limited
to unforeseen field conditions,’ Force Majeure, or change orders. The Approved Bid shall not constitute Tenant’s maximum liability for the Restoration Work. If Tenant fails to timely deliver such payment, Landlord shall have the right to
draw on the Letter of Credit for the Actual Costs. Landlord’s contractor shall be the only party entitled to perform the Restoration Work. 
 2. Technical Corrections to Lease. 
 2.1 Article 7
of the Lease is hereby amended by inserting the following sentences at the end thereof: 
 Tenant agrees that
included in the expenses for which Landlord may draw on the Letter of Credit is the Actual Costs for the Restoration Work. Tenant shall cause the Letter of Credit with its original Stated Amount to be in place for three (3) full months after the
Expiration Date (“LOG Extension Date”), estimated as of the date hereof to be September 1, 
 2019. In
the event the Restoration Work has not been wholly completed (with all invoices paid, and all unconditional lien releases obtained by Landlord) by the date which is thirty (30) days prior to then scheduled LOC Expiration Date the following procedure
shall apply; (i) on the LOC Expiration Date, the Stated Amount of the Letter of Credit shall be reduced to Five Hundred Thousand Dollars and (ii) Tenant shall cause the Letter of Credit (as the Stated Amount has been so reduced) to be extended for
an additional ninety (90) days after the LOC Expiration Date to serve as additional security for Tenant’s obligations under Section 3 of the Amendment. 
 2.2 The last full sentence of Section 1(b) of the Workletter Agreement is hereby deleted and the following sentence is substituted in lieu thereof: 

All costs and charges by Landlord’s consultants shall be deducted from the Tenant Improvements Allowance (or charged
to Tenant) without mark-up on an “open book” basis (which shall not exceed Twenty Thousand Dollars ($20,000.00)). 
 2.3 The second full sentence of Section 1 of Exhibit “G” (the Right of First Offer) is hereby deleted and the following sentence is substituted in lieu thereof: 

 

 
  
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text;Body text (5);(a) Such space shall be considered to be “available” if (i) no other Project tenant is leasing such space or (ii) no other tenant has a Superior Right (defined as a tenant which has the existing right to lease such
space, to expand into such space, or to extend the term of its lease for such space for the period ending on the Expiration Date). 

	 2.
	  
	 Ratification of Lease. All terms and conditions of the Lease are hereby ratified and affirmed, as modified by
this Amendment. 

 6. No Further Modification. Except as set forth in this Amendment, all of
the terms 
 and provisions of the Lease shall remain unmodified and in full force and effect. 

[Signatures are on the following page] 

 

 
  
 LANDLORD:
KNICKERBOCKER PROPERTIES, INC., XXXIII, a Delaware corporation 
 By: /s/ Steven M. Zaun Steven M. Zaun Its: Vice
President 
 TENANT: MEDIYATION, INC., a Delaware corporation By: /s/ Gretchen Burke 

Name: Gretchen Burke Its: VP Financial, Bus Processes By: /s/ C. Patrick Machado Name: CBO & CFO Its: 26 Apr. 12

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