Document:

exhibit1036302019

DocuSign Envelope ID: A97DC3E0-F037-4D6E-87E9-93A8F4CCA6F2                                                                                                                                            FIRST AMENDMENT TO CONFIDENTIAL CONSULTING AGREEMENT          This first amendment (the “First Amendment”) to the Confidential Consulting Agreement dated March 11, 2019         (the “Agreement”) by and between the parties hereto, is executed as of the date shown on the signature page (the         “Effective  Date”),  by  and  between FLG  Partners,  LLC,  a  California  limited  liability  company  (“FLG”),  and         Immersion Corporation (“Client”).                                               RECITALS         WHEREAS, FLG is in the business of providing certain financial services; and         WHEREAS, Client wishes to retain FLG to provide and FLG wishes to provide such services to Client on the         terms set forth herein; and         WHEREAS, FLG has been continuously retained by Client since March 11, 2019; and         WHEREAS, the parties hereto wish to modify the FLG Member in the Agreement;         NOW,  THEREFORE,  in  consideration  of  the  mutual  covenants  set  forth  herein,  the  parties  hereto  agree  as         follows:                  1. FLG Member.    Cal R. Hoagland, following a managed transition from Bern Whitney.         2. Miscellaneous. All  other  terms  and  conditions  of  the  Agreement  remain  unchanged.   This First                           Amendment shall be incorporated in the Agreement as Exhibit B.                  IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Effective Date.                  CLIENT:                                   FLG:         Immersion Corporation,                    FLG Partners, LLC,          a Delaware corporation.                   a California limited liability company.         By:   Amie Peters                         By:    Jeffrey S. Kuhn          Signed:                                   Signed:                                    Title: General Counsel                    Title: Managing Partner         Address: 50 Rio Robles                                                                       Effective Date: May 9, 2019.               San Jose, CA 95134         Tel:  408-467-1900         Fax:  408-467-1901         Email: apeters@immersion.com                                                           Page 1 of 1 190509 FLG-Immersion Amendment to Consulting Agreement.doc  

 

Certificate Of Completion Envelope Id: A97DC3E0F0374D6E87E993A8F4CCA6F2                                                            Status: Completed Subject: Please DocuSign: 190509 FLG-Immersion Amendment to Consulting Agreement.pdf Source Envelope:  Document Pages: 1                                   Signatures: 2                                        Envelope Originator:  Certificate Pages: 5                                Initials: 0                                          Jeffrey S. Kuhn AutoNav: Enabled                                                                                         PO Box 556 EnvelopeId Stamping: Enabled                                                                             Ross, CA  94957 Time Zone: (UTC-08:00) Pacific Time (US & Canada)                                                        jeff@flgpartners.com                                                                                                          IP Address: 73.222.41.32     Record Tracking Status: Original                                    Holder: Jeffrey S. Kuhn                              Location: DocuSign              5/9/2019 3:33:23 PM                                 jeff@flgpartners.com  Signer Events                                       Signature                                            Timestamp Jeffrey S. Kuhn                                                                                          Sent: 5/9/2019 3:35:19 PM jeff@flgpartners.com                                                                                     Viewed: 5/9/2019 3:35:27 PM  Administrative Partner                                                                                   Signed: 5/9/2019 3:35:32 PM  FLG Partners                                                     Signature Adoption: Uploaded Signature Image Security Level: Email, Account Authentication  (None)                                              Using IP Address: 73.222.41.32  Electronic Record and Signature Disclosure:        Not Offered via DocuSign  Amie Peters                                                                                              Sent: 5/9/2019 3:35:33 PM apeters@immersion.com                                                                                    Viewed: 5/10/2019 10:37:52 AM  SVP, IP Licensing and Legal Affairs                                                                      Signed: 5/10/2019 10:38:09 AM  Security Level: Email, Account Authentication  (None)                                              Signature Adoption: Pre-selected Style                                                     Using IP Address: 12.220.159.101  Electronic Record and Signature Disclosure:        Accepted: 3/4/2019 3:02:55 PM       ID: 153a7a45-7a32-431f-8230-c3d4daf15ed2  In Person Signer Events                             Signature                                            Timestamp  Editor Delivery Events                              Status                                               Timestamp  Agent Delivery Events                               Status                                               Timestamp  Intermediary Delivery Events                        Status                                               Timestamp  Certified Delivery Events                           Status                                               Timestamp  Carbon Copy Events                                  Status                                               Timestamp Cal Hoagland                                                                                             Sent: 5/10/2019 10:38:10 AM cal@flgpartners.com Security Level: Email, Account Authentication  (None) Electronic Record and Signature Disclosure:        Not Offered via DocuSign  Witness Events                                      Signature                                            Timestamp 

 

Notary Events                                       Signature                                            Timestamp  Envelope Summary Events                             Status                                               Timestamps Envelope Sent                                       Hashed/Encrypted                                     5/10/2019 10:38:10 AM Certified Delivered                                 Security Checked                                     5/10/2019 10:38:10 AM Signing Complete                                    Security Checked                                     5/10/2019 10:38:10 AM Completed                                           Security Checked                                     5/10/2019 10:38:10 AM  Payment Events                                      Status                                               Timestamps Electronic Record and Signature Disclosure 

 

Electronic Record and Signature Disclosure created on: 2/1/2016 2:35:46 PM Parties agreed to: Amie Peters          CONSUMER DISCLOSURE        From time to time, FLG Partners (we, us or Company) may be required by law to provide to you        certain written notices or disclosures. Described below are the terms and conditions for        providing to you such notices and disclosures electronically through the DocuSign, Inc.        (DocuSign) electronic signing system. Please read the information below carefully and        thoroughly, and if you can access this information electronically to your satisfaction and agree to        these terms and conditions, please confirm your agreement by clicking the â€ ̃I agreeâ€TM button        at the bottom of this document.         Getting paper copies        At any time, you may request from us a paper copy of any record provided or made available        electronically to you by us. You will have the ability to download and print documents we send        to you through the DocuSign system during and immediately after signing session and, if you        elect to create a DocuSign signer account, you may access them for a limited period of time        (usually 30 days) after such documents are first sent to you. After such time, if you wish for us to        send you paper copies of any such documents from our office to you, you will be charged a        $0.00 per-page fee. You may request delivery of such paper copies from us by following the        procedure described below.         Withdrawing your consent         If you decide to receive notices and disclosures from us electronically, you may at any time        change your mind and tell us that thereafter you want to receive required notices and disclosures        only in paper format. How you must inform us of your decision to receive future notices and        disclosure in paper format and withdraw your consent to receive notices and disclosures        electronically is described below.         Consequences of changing your mind        If you elect to receive required notices and disclosures only in paper format, it will slow the        speed at which we can complete certain steps in transactions with you and delivering services to        you because we will need first to send the required notices or disclosures to you in paper format,        and then wait until we receive back from you your acknowledgment of your receipt of such        paper notices or disclosures. To indicate to us that you are changing your mind, you must        withdraw your consent using the DocuSign â€ ̃Withdraw Consentâ€TM form on the signing page        of a DocuSign envelope instead of signing it. This will indicate to us that you have withdrawn        your consent to receive required notices and disclosures electronically from us and you will no        longer be able to use the DocuSign system to receive required notices and consents electronically        from us or to sign electronically documents from us.         All notices and disclosures will be sent to you electronically        Unless you tell us otherwise in accordance with the procedures described herein, we will provide        electronically to you through the DocuSign system all required notices, disclosures,        authorizations, acknowledgements, and other documents that are required to be provided or        made available to you during the course of our relationship with you. To reduce the chance of        you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required        notices and disclosures to you by the same method and to the same address that you have given        us. Thus, you can receive all the disclosures and notices electronically or in paper format through        the paper mail delivery system. If you do not agree with this process, please let us know as        described below. Please also see the paragraph immediately above that describes the        consequences of your electing not to receive delivery of the notices and disclosures 

 

electronically from us.  How to contact FLG Partners: You may contact us to let us know of your changes as to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically as follows:  To contact us by email send messages to: jeff@flgpartners.com  To advise FLG Partners of your new e-mail address  To let us know of a change in your e-mail address where we should send notices and disclosures electronically to you, you must send an email message to us at jeff@flgpartners.com and in the body of such request you must state: your previous e-mail address, your new e-mail address.  We do not require any other information from you to change your email address..   In addition, you must notify DocuSign, Inc. to arrange for your new email address to be reflected in your DocuSign account by following the process for changing e-mail in the DocuSign system.  To request paper copies from FLG Partners To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an e-mail to jeff@flgpartners.com and in the body of such request you must state your e-mail address, full name, US Postal address, and telephone number. We will bill you for any fees at that time, if any. To withdraw your consent with FLG Partners To inform us that you no longer want to receive future notices and disclosures in electronic format you may:      i. decline to sign a document from within your DocuSign session, and on the subsequent      page, select the check-box indicating you wish to withdraw your consent, or you may;      ii. send us an e-mail to jeff@flgpartners.com and in the body of such request you must      state your e-mail, full name, US Postal Address, and telephone number. We do not need      any other information from you to withdraw consent..  The consequences of your      withdrawing consent for online documents will be that transactions may take a longer time      to process..   Required hardware and software  Operating Systems:                 WindowsÂ® 2000, WindowsÂ® XP, Windows                                     VistaÂ®; Mac OSÂ® X   Browsers:                          Final release versions of Internet ExplorerÂ®                                     6.0 or above (Windows only); Mozilla Firefox                                     2.0 or above (Windows and Mac); Safariâ„¢                                     3.0 or above (Mac only)   PDF Reader:                        AcrobatÂ® or similar software may be required                                     to view and print PDF files   Screen Resolution:                 800 x 600 minimum   Enabled Security Settings:         Allow per session cookies                                       ** These minimum requirements are subject to change. If these requirements change, you will be asked to re-accept the disclosure. Pre-release (e.g. beta) versions of operating systems and browsers are not supported.  Acknowledging your access and consent to receive materials electronically 

 

To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please verify that you were able to read this electronic disclosure and that you also were able to print on paper or electronically save this page for your future reference and access or that you were able to e-mail this disclosure and consent to an address where you will be able to print on paper or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format on the terms and conditions described above, please let us know by clicking the â€ ̃I agreeâ€TM button below.  By checking the â€ ̃I agreeâ€TM box, I confirm that:     •  I can access and read this Electronic CONSENT TO ELECTRONIC RECEIPT OF      ELECTRONIC CONSUMER DISCLOSURES document; and          •  I can print on paper the disclosure or save or send the disclosure to a place where I can      print it, for future reference and access; and          •  Until or unless I notify FLG Partners as described above, I consent to receive from      exclusively through electronic means all notices, disclosures, authorizations,      acknowledgements, and other documents that are required to be provided or made      available to me by  FLG Partners during the course of my relationship with you.exhibit104mikeokadaoffer

       April 29, 2019          Mike Okada      RE:  Employment with Immersion Corporation    Dear Mike:          Immersion Corporation (the “Company” or “Immersion”) is pleased to present an offer to you,  for the position of General Counsel and SVP, IP Licensing and Legal Affairs, on the terms set forth in this  agreement, effective upon your acceptance by execution of a counterpart copy of this letter where  indicated below.          Reporting Duties and Responsibilities.  In this position, you will be reporting to Ramzi Haidamus,  CEO.                Salary and Benefits.  Your annual base salary of $375,000.00, is payable in accordance with the  Company’s customary payroll practice, which is bi-weekly. For payment purposes, the bi-weekly amount  is $14,423.08.  This offer is for a full time, salaried, exempt position.  Our Company’s focal reviews are  normally conducted in January at which time your performance will be evaluated.  You will also receive  the Company’s standard employee benefits package.  A copy of our current benefits package is  enclosed.  Please note that the Company's benefit package is subject to change at any time.                  In addition, you will be eligible for a bonus in accordance with the Company’s Executive  Incentive Plan of up to 50% of your salary.                  Restricted Stock Units.  Effective upon board approval, Immersion will grant you 77,800  Restricted Stock Units (RSUs).  The Restricted Stock Units will vest over a three-year period.  Assuming  your continued employment by Immersion, one-third of the shares will vest on each of the first, second  and third anniversaries of your start date, as per the terms and conditions of the applicable plan.                Stock Options.  Effective upon board approval, the Company will grant you an option to  purchase 164,000 shares of the Company’s Common Stock pursuant to the Company’s stock option plan  and standard stock option agreement.  All options will have an exercise price that will be equal to the  fair market value of the Company’s Common Stock on the 10th business day in the month following the  month of your start date.  The options will become exercisable over a four-year exercise schedule with  25% of the shares vesting at the end of your first twelve months of service, and with an additional  2.083% vesting per month thereafter, at the close of each month during which you remain employed  with the Company.                Change of Control Benefits.  Subject to the approval of the Compensation Committee of the  Board, the Company will enter into the Retention and Ownership Change Event Agreement.  

 

                 Background Investigation. This offer is contingent upon a satisfactory background investigation.   This agreement may be revoked in the event the results of the investigation do not meet Immersion’s  requirements.          Confidential Information.  As an employee of the Company, you will have access to certain  Company confidential information and you may during the course of your employment, develop certain  information or inventions that will be the property of the Company.  To protect the interest of the  Company, you will need to sign the Company’s standard “Employee Inventions and Confidentiality  Agreement” as a condition of your employment.  A copy of the agreement is attached for your review.   We wish to impress upon you that we do not wish you to bring with you any confidential or proprietary  material of any former employer or to violate any other obligation to your former employers.          At-Will Employment.  While we look forward to a long and profitable relationship, should you  decide to accept our offer, you will be an at-will employee of the Company, which means the  employment relationship can be terminated by either of us for any reason at any time.  Any statements  or representations to the contrary (and indeed, any statements contradicting any provision in this letter)  should be regarded by you as ineffective.  Further, your participation in any stock option or benefit  program is not to be regarded as assuring you of continuing employment for any particular period of  time.          Authorization to Work.  The Immigration Reform and Control Act of 1986 requires you, within  three business days of hire, to present documentation demonstrating that you have authorization to  work in the United States.  Acceptable documentation is shown on the form titled List of Acceptable  Documents.  Please bring the appropriate documentation to the new employee orientation on your first  day of employment.  If you have questions about this requirement, which applies to U.S. citizens and  non-U.S. citizens alike, please contact our Human Resources department.                Term of Offer.  This offer will expire at the close of business on May 3, 2019.   Upon acceptance  of this offer, please sign the enclosed copy of this letter in the space indicated and return it to me.  Your  signed acceptance below will become our binding agreement with respect to the subject matter of this  letter, superseding in their entirety all other or prior agreements by you with the Company as to the  specific subjects of this letter, and will be binding upon and inure to the benefit of our respective  successors and assigns, and heirs, administrators and executors, will be governed by California law, and  may only be amended in writing signed by you and the Company.          We are excited and pleased to have you join the Immersion team in this exciting role and we  look forward to a mutually beneficial working relationship.    Sincerely,        /s/ Janice Passarello                                                     Janice Passarello  Vice President, Human Resources                                        

 

     Agreed and Accepted   I agree to and accept employment with Immersion Corporation on the terms and conditions set forth in  this agreement.        /s/ Mike Okada                         May 6, 2019      Mike Okada                             Date    Anticipated Start Date:  June 10, 2019

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