Document:

Exhibit

Exhibit 10.21

FIREEYE, INC. 
 
 
February 20, 2018

Frank Verdecanna
c/o FireEye, Inc.
601 McCarthy Blvd.
Milpitas, CA 95035

Dear Frank:
This letter agreement (the “Agreement”) is entered into between FireEye, Inc. (the “Company” or “we”) and Frank Verdecanna (“you”).  This Agreement is effective as of the date hereof (the “Effective Date”).  The purpose of this Agreement is to confirm the current terms and conditions of your employment.
1.    Position.  Your current titles are Executive Vice President, Chief Financial Officer and Chief Accounting Officer, and you will continue to report to the Company’s Chief Executive Officer.  This is a full-time position.  While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full‐time or part-time) that would create a conflict of interest with the Company.  By signing this Agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.
2.    Cash Compensation.  Your current salary as of the Effective Date is $400,000 per year, payable in accordance with the Company’s standard payroll schedule.  This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time.  In addition, you will be eligible to be considered for an incentive bonus for each fiscal year of the Company under the Company’s Employee Incentive Plan (the “Incentive Plan”) or any successor plan.  The bonus (if any) will be awarded based on objective or subjective criteria established by the Company’s Chief Executive Officer and approved by the Company’s Board of Directors (the “Board”) and/or the Compensation Committee of the Board (the “Compensation Committee”), as applicable.  Your current annual target bonus as of the Effective Date is equal to $200,000.  The terms and conditions of your bonus will be set forth in the Incentive Plan.  The determinations of the Board and/or the Compensation Committee, as applicable, with respect to your bonus will be final and binding. 
3.    Employee Benefits.  As a regular employee of the Company, you will continue to be eligible to participate in a number of Company-sponsored benefits.  In addition, you will be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time.

    

Frank Verdecanna
February 20, 2018
Page 2

4.    Equity Awards.  You have received equity awards from the Company and these awards shall continue to be in full force and effect and governed by the terms set forth therein, as modified by the Company’s Change of Control Severance Policy for Officers and your participation agreement thereunder (the “Severance Policy”).
5.    Severance & Change of Control Benefits.  As an executive officer of the Company, you are eligible for benefits in the Severance Policy.  Accordingly, your potential severance and change of control benefits and the terms and conditions thereof shall be set forth in the Severance Policy.
6.    Proprietary Information and Inventions Agreement.  As an employee of the Company, you will continue to have access to certain confidential information of the Company 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 interests of the Company, your acceptance of this Agreement reaffirms that the terms of the Company’s Proprietary Information and Inventions Agreement that you executed in connection with your hire (the “PIAA”) continue to be in effect.
7.    Employment Relationship.  Employment with the Company is for no specific period of time.  Your employment with the Company continues to be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause.  Any contrary representations that may have been made to you are superseded by this Agreement.  This is the full and complete Agreement between you and the Company on this term.  Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you).
8.    Tax Matters.
(a)    Withholding.  All forms of compensation referred to in this Agreement are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.
(b)    Section 409A.  The parties intend that the benefits and payments provided under this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the Code (as it has been and may be amended from time to time) and any regulations and guidance that has been promulgated or may be promulgated from time to time thereunder (“Section 409A”), and any ambiguities or ambiguous terms herein will be interpreted to so comply.  Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. The Company shall in no event be obligated to indemnify you for any taxes or interest that may be assessed under Section 409A.
(c)    Tax Advice.  You are encouraged to obtain your own tax advice regarding your compensation from the Company.  You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not

    

Frank Verdecanna
February 20, 2018
Page 3

make any claim against the Company or its Board or Compensation Committee related to tax liabilities arising from your compensation.
9.    Interpretation, Amendment and Enforcement.  This Agreement, together with the PIAA and the Severance Policy, supersede and replace any prior agreements, representations or understandings (whether written, oral, implied or otherwise) between you and the Company, including, but not limited to, your offer letter with the Company dated October 30, 2012, and constitute the complete agreement between you and the Company regarding the subject matter set forth herein.  This Agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company.  The terms of this Agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this Agreement or arising out of, related to, or in any way connected with, this Agreement, your employment with the Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law.  You and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in California in connection with any Dispute or any claim related to any Dispute.
* * * * *

    

Frank Verdecanna
February 20, 2018
Page 4

We are extremely excited about your continued employment with FireEye!
Please indicate your acceptance of this Agreement, and confirmation that it contains our complete agreement regarding the terms and conditions of your employment, by signing the bottom portion of this Agreement and returning a copy to me.
	
					
	 
	 
	 
	Very truly yours,

	 
	 
	 
	 

	 
	 
	 
	FireEye, Inc.

	 
	 
	 
	 

	 
	 
	 
	By: /s/ Kevin R. Mandia       

	 
	 
	 
	        Chief Executive Officer

I have read and accept this employment offer:
    
/s/ Frank Verdecanna                
Frank Verdecanna
Dated: 2/20/2018Exhibit

Exhibit 10.26

FIRST AMENDMENT

THIS FIRST AMENDMENT (the “Amendment”) is dated for reference purposes as of December 1, 2016, by and between 601 MCCARTHY OWNER, LLC, a Delaware limited liability company (“Landlord”), and FIREEYE, INC., a Delaware corporation (“Tenant”).

RECITALS

		
	A.
	Landlord and Tenant are parties to that certain Lease dated August 4, 2016 (the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space containing approximately 189,481 rentable square feet (the “Premises”) located at 60 l McCarthy Boulevard, Milpitas, California (the “Building”).

		
	B.
	Tenant and Landlord mutually desire that the Lease be amended on and subject to the following terms and conditions.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:

		
	1.
	Amendment. Effective as of the date hereof, Landlord and Tenant agree that the Lease shall be amended in accordance with the following terms and conditions:

		
	1.1
	Additional Electric Vehicle Charging Stations. As part of the Landlord Work, Landlord shall install an additional four (4) electric dual-head vehicle charging stations pursuant to the specifications attached as “Exhibit F” to the Lease (the “Additional Charging Stations”) in the area of the Parking Facility as shown on Exhibit A attached hereto, the costs of which shall be at Tenant’s sole cost and expense. For the avoidance of doubt, Landlord shall be responsible, at Landlord’s sole cost and expense, for all costs necessary to install the Charging Stations (in accordance with and as defined in Section 38 of the Lease), and the Additional Charging Station Costs shall include only the costs incurred by Landlord to purchase and install the Additional Charging Stations (as opposed to the Charging Stations). Tenant shall have the right to use, at its sole risk, the Additional Charging Stations in accordance with the terms and conditions applicable to Tenant’s use of the Charging Stations pursuant to Section 38 of the Lease. Landlord shall deduct the cost of purchasing and installing the Additional Charging Stations (the “Additional Charging Station Costs”) from the Improvement Allowance (as defined in “Exhibit B” to the Lease). Absent manifest error, the statements of costs for the Additional Charging Station Costs submitted to Landlord by Landlord’s contractors shall be conclusive for purposes of determining the actual cost of the items described therein.

		
	1.2
	Landlord Work. The Landscaping Plan prepared by Cultivate Studios, dated June 21, 2016, and attached to the Lease as a part of “Schedule 2” to “Exhibit B” to the Lease, is hereby deleted in its entirety and replaced with Exhibit B attached hereto (the “Landscaping Plan”). The portion of the Landlord Work to be performed in accordance with the Landscaping Plan is referred to herein as the “Landscaping Work”. In the event that the San Francisco Public Utilities Commission or any other appropriate governmental authority having jurisdiction, or any other party with the legal right to do so, requires removal of all or part of the Landlord Work or any other existing conditions

located in the easement area set forth in the Deed and the Second Area (as defined in Section 5.2 of the Lease), then Landlord shall promptly remove the same at Landlord’s sole cost and expense, as and to the extent required by such party, and thereafter Landlord shall, at its sole cost and expense, replace the same with improvements of a similar functionality and quality when, and to the extent, such replacement is permitted by such party.

		
	1.3
	Delivery Date and Commencement Date. Notwithstanding anything to the contrary contained in the Lease, Landlord and Tenant stipulate and agree that although Landlord has not Substantially Completed the Landlord’s Work (including, but not limited to, correction of the deferred maintenance issues identified on “Exhibit I” to the Lease, the Landscaping Work, installation of the Charging Stations and the Additional Charging Stations, the glazing work as shown on the Plans and any identified Required Upgrades), the Delivery Date shall be deemed to be December 1, 2016. Accordingly, subject to any Landlord Caused Delay, the Commencement Date shall be June 1, 20l7. Landlord shall use commercially reasonable efforts to timely and in good faith diligently prosecute the Substantial Completion of Landlord’s Work as soon as reasonably practical. Section 1.7 of “Exhibit B” to the Lease is hereby amended such that a Landlord Caused Delay shall also include any actual delays in Tenant’s construction of the Tenant Improvements to the extent resulting from the failure of the Landlord’s Work to be Substantially Completed as of the Delivery Date. In the event of any Landlord Caused Delay, Tenant shall use commercially reasonable efforts to mitigate any such actual delay. Additionally, Landlord’s failure to complete the Deferred Maintenance work outlined on “Exhibit I” to the Lease by January 31, 2017 shall be deemed to constitute a Landlord Caused Delay.

2.    Miscellaneous.

		
	2.1
	Except as herein modified or amended (e.g., amendment of the timing of the completion of the Landlord Work described in this Amendment and the establishment of the Delivery Date), the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment.

		
	2.2
	Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solici1ation for such an offer by Tenant. Neither party shall be bound by this Amendment until this Amendment is fully executed and delivered to each party.

		
	2.3
	Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment. Tenant agrees to indemnify and hold Landlord and the Landlord Parties harmless from all claims of any brokers claiming to have represented Tenant in connection with this Amendment.

		
	2.4
	Tenant warrants and represents that Tenant is a duly organized and validly existing entity, that Tenant has full right and authority to enter into this Amendment and that the persons signing on behalf of Tenant are authorized to do so and have the power to bind Tenant to this Amendment. Tenant shall provide Landlord upon request with evidence

 

reasonably satisfactory to Landlord confirming the foregoing representations. Landlord represents and warrants that it has full right and authority to enter into this Amendment and to perform all of Landlord’s obligations hereunder and that all persons signing this Amendment on its behalf are authorized to do so. Landlord and Tenant each hereby represents and warrants to the other that it is not (i) the target of any sanctions program that is established by Executive Order of the President or published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC pursuant to the Trading with the Enemy Act, 50 U.S.C. App.§ 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statutes; or (iii) named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons.” If either of the foregoing representations is untrue at any time during the Term, the same shall constitute a default under the Lease, as amended, without the necessity of notice to the other party and benefit of any cure period.

		
	2.5
	Pursuant to California Civil Code Section 1938, Landlord hereby notifies Tenant that as of the date of this 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 Section 55.53.

		
	2.6
	Notwithstanding any other term or provision of the Lease, as amended, the liability of Landlord for its obligations under the Lease and this Amendment is limited solely to Landlord’s interest in the Building as the same may from time to time be encumbered, and no personal liability shall at any time be asserted or enforceable against any other assets of Landlord or against Landlord’s partners or members or its or their respective partners, shareholders, members, directors, officers or managers on account of any of Landlord’s obligations or actions under the Lease and this Amendment.

		
	2.7
	This Amendment may be executed and delivered by facsimile in one or more counterparts, each of which shall constitute one and the same Amendment. If this Amendment is signed and delivered in such manner, Landlord and Tenant shall promptly deliver an original signed version to the other. Any digital image copy of this Amendment (to the extent fully executed and delivered) shall be treated by the parties as a true and correct original of the same and admissible as best evidence to the extent permitted by a court of proper jurisdiction.

[SIGNATURE PAGE FOLLOWS]

 

IN WITNESS WHEREOF, Landlord and Tenant have entered into and executed this Amendment to be effective as of the date first written above.
 
 
	
			
	LANDLORD:
	 
	TENANT:

	 
	 
	 

	601 MCCARTHY OWNER, LLC,
	 
	FIREEYE, INC.,

	a Delaware limited liability company
	 
	a Delaware corporation

	 
	 
	 

	By:  601 McCarthy Holdings, LLC, a Delaware
	 
	By: /s/ Frank Verdecanna

	limited liability company, sole member
	 
	 

	 
	 
	Name:  Frank Verdecanna

	By:  ECI Four McCarthy, LLC, a Delaware limited
	 
	 

	liability company, administrative member
	 
	Title:    SVP Finance

	 
	 
	 

	By:  Embarcadero Capital Investors Four LP, a
	 
	Dated:  December 9, 2016

	Delaware liability partnership, sole member
	 
	 

	 
	 
	 

	By:  ECI Four LLC, a Delaware limited liability
	 
	 

	company, general partner
	 
	 

	 
	 
	 

	By:  /s/ John Hamilton
	 
	 

	 
	 
	 

	Name:  John Hamilton
	 
	 

	 
	 
	 

	Title:    Manager
	 
	 

	 
	 
	 

	Dated:  12/12, 2016
	 
	 

 
 

EXHIBIT A - LOCATION OF ADDITIONAL CHARGING STATIONS

attached to and made a part of the Amendment dated for reference purposes as of December 1, 2016, between 601 MCCARTHY OWNER, LLC, a Delaware limited liability company, as Landlord and FIREEYE, INC., a Delaware corporation, as Tenant

 
A-1

EXHIBIT B - LANDSCAPING PLAN

attached to and made a part of the Amendment dated for reference purposes as of December 1, 2016, between 601 MCCARTHY OWNER, LLC, a Delaware limited liability company, as Landlord and FIREEYE, INC., a Delaware corporation, as Tenant

B-1

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