Document:

Exhibit

EXHIBIT 10.4
    
    
FIRST AMENDMENT TO CONSENT TO SUBLEASE
This First Amendment to Consent to Sublease (this “Amendment”) is executed as of August 28, 2015, between FSP-SUNNYVALE OFFICE PARK, LLC, a Delaware limited liability company (“Landlord”), GOOGLE INC., a Delaware corporation (“Tenant”), and JUNIPER NETWORKS, INC., a Delaware corporation (“Subtenant”).
RECITALS:
A.Tenant’s predecessor-in-interest with respect to the Lease (defined below) and Landlord entered into that certain Lease dated as of June 18, 1999 (the “Original Lease”), as amended by that certain First Amendment to Lease dated February 28, 2000 (the “First Amendment”), as further amended by that certain Lease Commencement Date Certificate dated July 26, 2000 (the “Commencement Certificate”), as further amended by that certain Second Amendment to Lease dated as of October 14, 2009 (the “Second Amendment”), and as further amended by that certain Assignment and Assumption of Lease Agreement dated as of August 18, 2014 (the “Assignment”), and as further amended by that certain Consent to Assignment and Third Amendment to Lease dated as of August 18, 2014 (the “Consent and Amendment”) (the Original Lease, the First Amendment, the Commencement Certificate, the Second Amendment, the Assignment and the Consent and Amendment are collectively known as the “Lease”), under which Landlord is leasing to Tenant the entire office building, consisting of 144,315 rentable square feet of space (the “Leased Premises”), located at 1194 Mathilda Avenue, Sunnyvale, California 94089 and commonly known as 1194 Mathilda (the “Building”).  Capitalized terms used herein but not defined shall be given the meanings assigned to them in the Lease.

B.Tenant and Subtenant entered into a Sublease Agreement dated as of August 18, 2014 (the “Sublease”), under which Tenant subleased the Leased Premises to Subtenant.  Landlord consented to the Sublease in the Consent to Sublease dated as of August 18, 2014 (the “Consent”).

C.Tenant and Subtenant have entered into a First Amendment to Sublease dated as of June 30, 2015 (the “Sublease Amendment”), wherein Tenant and Subtenant are extending the term of the Sublease and making certain other changes to the Sublease, as more particularly described in the Sublease Amendment, an executed copy of which is attached hereto as Exhibit A.

D.Landlord hereby consents to the Sublease Amendment, subject to the terms and conditions contained herein.

AGREEMENTS:
For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Consent.  Subject to the terms and conditions contained in the Consent and this Amendment, Landlord hereby consents to the Sublease Amendment.  Landlord’s consent contained herein shall not waive its rights as to any subsequent renewal, assignment, sub-sublease or other transfer and shall not be construed as a consent to any modifications of the terms of the Lease (as opposed to the Sublease) contained in the Sublease Amendment (if any) unless such modifications are expressly set forth in this Amendment.

2.Full Force and Effect.  Except as otherwise provided herein, the Consent among Landlord, Tenant and Subtenant shall remain in full force and effect.

3.Payment of Landlord's Attorneys’ Fees.  Subtenant's delivery to Landlord of all attorneys’ fees incurred by Landlord associated with this Amendment, as established by Landlord’s delivery to Subtenant of an invoice for such fees with a reasonable summary thereof, shall be a condition precedent to Landlord's consent as provided in Section 1.

4.Brokerage.  In no event shall Landlord be liable for any leasing or brokerage commission with respect to the negotiation and execution of the Sublease Amendment or this Amendment, and Tenant and Subtenant shall each jointly and severally indemnify, defend and hold Landlord harmless from and against all costs, expenses, attorneys’ fees 

and other liability for commissions or other compensation claimed by any broker or agent claiming the same by, through or under the indemnifying party with respect to the Sublease Amendment or this Amendment.

5.Ratification.  Tenant and Subtenant hereby ratify and confirm their respective obligations under the Lease, and represent and warrant to Landlord that, as of the date hereof, they have no defenses thereto.  Additionally, Tenant and Subtenant further confirm and ratify that, as of the date hereof, (a) the Lease is and remains in good standing and in full force and effect, (b) neither of such parties has any claims, counterclaims, set-offs or defenses against Landlord arising out of the Lease or in any way relating thereto or arising out of any other transaction between Landlord, Tenant or Subtenant, and (c) all tenant finish-work allowances provided to Tenant under the Lease or otherwise, if any, have been paid in full by Landlord to Tenant, and Landlord has no further obligations with respect thereto.

6.Prohibited Persons and Transactions.  Tenant and Subtenant each acknowledges that the representations and warranties made in Section 20 of the Consent to Sublease (pertaining to OFAC) remain valid and are remade as of the date of this Amendment.

7.Binding Effect; Governing Law.  Except as modified hereby, the Lease shall remain in full effect and this Amendment shall be binding upon Landlord, Tenant, and Subtenant and their respective successors and assigns.  If any inconsistency exists or arises between the terms of this Amendment and the terms of the Lease, the terms of this Amendment shall prevail.  This Amendment shall be governed by the laws of the state in which the Leased Premises are located.

8.Confidentiality.  Landlord, Tenant and Subtenant acknowledge that the terms and conditions of the Sublease and the Consent, as amended by the Sublease Amendment and this Amendment, are to remain confidential on the same terms and conditions of Section 22 of the original Consent.

9.Amendment; Entire Agreement.  This Amendment shall not be amended or modified except by an instrument in writing signed by all the parties hereto and this Amendment contains all of the agreements, understandings, representations and warranties of the parties with respect to the subject matter hereof.

10.Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original, and all of such counterparts shall constitute one document.  To facilitate execution of this Amendment, the parties hereto may execute and exchange, by telephone facsimile or electronic mail PDF, counterparts of the signature pages.  Signature pages may be detached from the counterparts and attached to a single copy of this Amendment to physically form one document.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

EXECUTED as of the date first written above.
	
						
	LANDLORD:
	 
	 
	FSP-SUNNYVALE OFFICE PARK, LLC, a
	 

	 
	 
	 
	Delaware limited liability company
	 

	 
	 
	 
	By: /s/ Joseph A. Corrente
	 

	 
	 
	 
	Name: Joseph A. Corrente
	 

	 
	 
	 
	Title: Executive Vice President
	 

	 
	 
	 
	 
	 
	 

	TENANT:
	 
	 
	GOOGLE INC., a Delaware corporation
	 

	 
	 
	 
	By: /s/ David Radcliffe    8/31/15
	 

	 
	 
	 
	Name: David Radcliffe
	 

	 
	 
	 
	Title: VP. Real Estate
	 

	 
	 
	 
	 
	 
	 

	SUBTENANT:
	 
	 
	JUNIPER NETWORKS, INC., a Delaware
	 

	 
	 
	 
	corporation
	 

	 
	 
	 
	By: /s/ Mitchell Gaynor
	 

	 
	 
	 
	Name: Mitchell Gaynor
	 

	 
	 
	 
	Title: Executive Vice PresidentExhibit

EXHIBIT 10.6

JUNIPER NETWORKS, INC.
SEVERANCE AGREEMENT

This Severance Agreement (the “Agreement”) is made and entered into by and between Brian Martin (the “Employee”) and Juniper Networks, Inc., a Delaware Corporation (the “Company”), effective on the last date signed below.

RECITALS

The Compensation Committee believes that it is imperative to provide the Employee with certain severance benefits upon certain terminations of employment. These benefits will provide the Employee with enhanced financial security and incentive and encouragement to remain with the Company.

Certain capitalized terms used in the Agreement are defined below.

AGREEMENT

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

1.    Term of Agreement. This Agreement shall terminate upon the later of (i) January 1, 2018 or (ii) if Employee is terminated involuntarily by Company without Cause prior to January 1, 2018, the date that all of the obligations of the parties hereto with respect to this Agreement have been satisfied.

2.    At-Will Employment. The Company and the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law, except as may otherwise be specifically provided by applicable law or under the terms of any written formal employment agreement or offer letter between the Company and the Employee (an “Employment Agreement”). This Agreement does not constitute an agreement to employ Employee for any specific time. 

3.    Severance Benefits. 

(a)     In the event the Employee voluntarily terminates employment for “Good Reason”, as defined below, or is terminated involuntarily by Company without Cause, as defined below, and provided in either such case the Employee executes and does not revoke a full release of claims with the Company (in a form satisfactory to the Company) (the “Release”), the Employee will be entitled to receive the severance benefits set out in subsections (i), (ii) and (iii); provided that following the two year anniversary of Employee’s employment, the Employee shall not be entitled to receive the severance benefits set out in subsection (iii) below. For purposes of this Agreement, “Cause” is defined as: (A) willfully engaging in gross misconduct that is demonstrably injurious to Company; (B) willful act or acts of dishonesty or malfeasance undertaken by the individual; (C) conviction of or a plea of nolo contendere to a felony; or (D) willful and continued refusal or failure to substantially perform duties with Company (other than incapacity due to physical or mental illness); provided that the action or conduct described in clause (D) above will constitute “Cause” only if such failure continues after the Company’s CEO, COO or Board of Directors has provided the individual with a written demand for substantial performance setting forth in detail the specific respects in which it believes the individual has willfully and not substantially performed the individual’s duties thereof and has been provided a reasonable opportunity (to be not less than 30 days) to cure the same. For purposes of this Agreement, “Good Reason” means Employee’s termination of employment following the expiration of any cure period (discussed below) following the occurrence, without Employee’s express written consent, of one or more of the following: (x) a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction; or (y) a reduction by the Company in the base compensation or total target cash compensation of the Employee as in effect immediately prior to such reduction; or (z) the relocation of the Employee to a facility or a location more than forty (40) miles from such Employee‘s then present location. Employee will not resign for Good Reason without first providing the Company with written notice within sixty (60) days of the event that Employee believes constitutes “Good Reason” specifically identifying the acts or omissions constituting the grounds for Good Reason and a reasonable cure period of not less than thirty (30) days following the date of such notice.

(i)    A cash payment in a lump sum (less any withholding taxes) equal to 12 months of base salary (as in effect immediately prior to the termination). 

(ii)        In lieu of continuation of benefits, Employee shall receive $18,000 (whether or not Employee elects COBRA). 

(iii)     Any portion of the Restricted Stock Unit (“RSU”) award for 115,000 RSUs that is contemplated by the offer letter, dated August 7, 2015, between the Company and the Employee that has not vested prior to the date of termination of employment shall immediately vest in full on the last day of Employee’s employment.

(b)    Release Effectiveness. The receipt of any severance pursuant to Section 3(a) will be subject to Employee signing and not revoking the Release and further subject to the Release becoming effective within fifty-two (52) days following Employee’s termination of employment.

(c)    Timing of Severance Payments. Any cash severance payment to which Employee is entitled shall be paid by the Company to Employee in a single lump sum in cash on the fifty-third (53rd) day after Employee’s termination of employment.

(d)    Change of Control Benefits. In the event the Employee receives severance and other benefits pursuant to a change in control agreement that are greater than or equal to the amounts payable hereunder, then the Employee shall not be entitled to receive severance or any other benefits under this Agreement. 

(e)    Section 409A. 

(i)    Notwithstanding anything to the contrary in this Agreement, if Employee is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the final regulations and any guidance promulgated thereunder (“Section 409A”) at the time of Employee’s termination (other than due to death) or resignation, then the severance payable to Employee, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits that are considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) that are payable within the first six (6) months following Employee’s termination of employment, will become payable on or within ten days following the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Employee’s termination of employment. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Employee dies following his termination but prior to the six (6) month anniversary of his termination, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Employee’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.

(ii)    Any amount paid under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Compensation Separation Benefits for purposes of clause (i) above.

(iii)    Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that do not exceed the Section 409A Limit shall not constitute Deferred Compensation Separation Benefits for purposes of clause (i) above. “Section 409A Limit” will mean the lesser of two (2) times: (i) Employee’s annualized compensation based upon the annual rate of pay paid to Employee during the Employee’s taxable year preceding the Employee’s taxable year of Employee’s termination of employment as determined under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Employee’s employment is terminated.

(iv)   The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Company and Employee agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to Employee under Section 409A.

4.    Successors.

(a)    The Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume 

the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 4(a) or which becomes bound by the terms of this Agreement by operation of law. The term “Company” shall also include any direct or indirect that is majority owned by Juniper Networks, Inc.

(b)    The Employee’s Successors. The terms of this Agreement and all rights of the Employee hereunder shall inure to the benefit of, and be enforceable by, the Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

5.    Notice. All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given upon receipt or, if earlier, (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid or (d) one (1) business day after the business day of facsimile transmission, if delivered by facsimile transmission with copy by first class mail, postage prepaid, and shall be addressed (i) if to Employee, at his or her last known residential address and (ii) if to the Company, at the address of its principal corporate offices (attention: Secretary), or in any such case at such other address as a party may designate by ten (10) days’ advance written notice to the other party pursuant to the provisions above.

6.    Miscellaneous Provisions.

(a)    No Duty to Mitigate. The Employee shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the Employee may receive from any other source.

(b)    Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.

(c)    Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

(d)    Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter hereof.

(e)    Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California. The Superior Court of Santa Clara County and/or the United States District Court for the Northern District of California shall have exclusive jurisdiction and venue over all controversies in connection with this Agreement.

(f)    Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.

(g)    Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes.

(h)    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year set forth below.

	
			
	COMPANY
	JUNIPER NETWORKS, INC.

	 
	By:
	/s/ Rami Rahim

	 
	Name:
	Rami Rahim

	 
	Title: 
	CEO

	 
	Date:
	10/16/2015

	 
	 
	 

	EMPLOYEE (Brian Martin)
	Name:
	/s/ Brian Martin

	 
	Date:
	10/16/2015

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