Document:

EX-10.20(c)

 Exhibit 10.20(c) 

THIS AGREEMENT made the 11th day of February, 2015 

BETWEEN): 
 KANATA RESEARCH PARK CORPORATION

 (Hereinafter called the “Landlord”) 

OF THE FIRST PART 
 AND: 

MITEL NETWORKS CORPORATION 

(Hereinafter called the ‘Tenant”) 

OF THE SECOND PART 
 THIRD
AMENDMENT TO LEASE 
 WHEREAS by written lease dated November 1. 2010. as amended by: 1) Partial Surrender of Lease and First Amendment
to Lease dated November 7, 2013 and 2) Second Amendment to Lease dated March 3, 2014 (the lease as so amended being herein called the “Lease”), the Tenant is leasing the following premises from the Landlord, which.
premises have been certified by the Landlord: 
  

	(a)	Twenty-Four Thousand Two Hundred and Three point Zero Zero (24,203.00) certified useable [Twenty-Seven Thousand Eight Hundred and Thirty-Three point Four Five (27.833.45) certified rentable] square feet of
space, located on the lower level (the “350 Lower Level Premises”): 

  

	(b)	Ten thousand three Hundred and Eight point Eight Seven (10,308.87) certified useable [Eleven Thousand Eight Hundred and Fifty-Five point Two Zero (11,855.20) certified rentable] square feet of space, located on the
first (1st) floor (the “350 First Floor Premises”): 

  

	(c)	Thirty-Nine Thousand One Hundred and Twenty-One point Four Two (39,121.42) certified useable [Forty-Four Thousand Nine Hunched and Eighty-Nine point Six Three (44,989.63) certified rentable] square feet of
space. located on the third (3rd) floor (the “350 Third Floor Premises”); 

  

	(d)	Thirty-Nine Thousand One Hundred and Twenty-One point Four Two (39,121.42) certified useable [Forty-Four Thousand Nine Hundred and Eighty-Nine point Six Three (44,989.63) certified rentable] square feet of
space, located on the fourth (4th) floor (the “350 Fourth Floor Premises”); 

  

	(e)	Thirty-Nine Thousand One Hundred and Twenty-One point Four Two (39,121.42) certified useable [Forty-Four Thousand Nine Hundred and Eighty-Nine point Six Three (44,989.63) certified rentable] square feet of
space. located on the fifth (5th) floor (the “350 Fifth Floor Premises”): 

  

	(f)	Thirty-Nine Thousand One Hundred and Twenty-One point Four Two (39,121.42) certified useable [Forty-Four Thousand Nine Hundred and Eighty-Nine point Six Three (44,989.63) certified rentable] square feet of
space. located on the sixth (6th) floor (the “350 Sixth Floor Premises”); 

of the building municipally as 350 Legget Drive. in the City of Ottawa (the “350 Building”), and 

 

	(g)	Eight Thousand Three Hundred and Forty point Three One (8,340.31) certified useable [Nine Thousand Four Hundred and Sixty-Six point Two Five (9,466.25) certified
rentable] square feet of space, located on the first (1st) floor (the “390 First Floor Premises”); 

	(h)	Six Thousand Six Hundred and Ninety-Four point Eight Zero (6,694.80) certified useable [Seven Thousand Five Hundred and Ninety-Eight point Six Zero (7,598.60) certified rentable, located on the first (1st) floor (the “390 Fitness Premises”); 

 of the
building municipally known as 390 March Road, in the City of Ottawa (the “390 Building”), and 
  

	(i)	Eight Thousand One Hundred and Ninety-Two point Four One (8,192.41) certified useable [Nine Thousand and Five point One One (9,005.11) certified rentable] square feet of space, located on the first (1st) floor (the “340 First floor Premises”); 

  

	(j)	Eight Thousand Five Hundred and Sixty point Two Two (8,560.22) certified useable [Eight Thousand Seven Hundred and Sixty-Four point Seven Five (8,764.75) certified rentable] square feet of space, located on the
mezzanine (the “340 Mezzanine Premises”); and 

  

	(k)	Eight Thousand Three Hundred and Eighty-Seven point Four Five (8,387.45) certified useable [Nine Thousand Two Hundred and Nineteen point Four Nine (9,219.49 certified rentable] square feet of space (the
“340 Warehouse Premises”); 

 of the building municipally known as 340 Legget Drive, in the City of Ottawa
(the “340 Building”), 
 (herein collectively referred to as the “Leased Premises”). 

AND WHEREAS the Tenant has provided the Landlord with the requisite notice exercising its option to extend the Term, of the Lease, in relation to that
part of the Leased Premises located in the 390 Building, pursuant to Part A of Schedule “E” of the Lease: 
 NOW THEREFORE in consideration
of the rents, covenants, conditions and agreements herein contained, the Landlord and Tenant covenant and agree as follows: 
  

	1.	The Term of the Lease in relation to that part of the Leased Premises located in the 390 Building is hereby extended for a period of five (5) years, two (2) months, and two (2) weeks, commencing on
February 16, 2016 and ending on April 30, 2021, at the Annual Rent set out in the table below. 

  

	2.	The Lease shall be amended effective February 16, 2016 as follows: 

  

	 	a)	Article 3.00 (Annual Rent) shall be amended by adding the following table: 

  

											
	 Term
	  	Leased Premises
continued	  	Annual Rent Rate
per Sq. Ft. per
Annum	 	  	Total Annual Rent
per Annum	 
	 February 16, 2016 to April 30, 2021
	  	390 First Floor
Premises	  	$	12.30	  	  	$	116,434.88	  
	 February 16, 2016 to April 30, 2021
	  	390 Fitness
Premises	  	$	9.00	  	  	$	68,387.40	  

  

	 	b)	Schedule “E” (Option to Extend) shall be deleted and replaced with the attached Schedule “E”. 

  

	 	c)	Schedule “I” (Additional Terms) shall be amended by adding the Following Section 19: 

  

	 	“19.	DATA CENTRE EARLY TERMINATION 

 (i) For the purposes. of this Section 19 of the
Lease, “Data Centre Premises” means that part of the 390 First Floor Premises comprising One Thousand Nine Hundred and Twenty-One point Seven Two (1,921.72) certified useable [Two Thousand One Hundred and Eighty-One point One
Five (2,181.15) certified rentable] square feet of space, as outlined in bold on Schedule “BIT”. 

  
 2 

 (ii) The Tenant shall have the right to terminate this Lease at any time insofar as it relates to
the Data Centre Premises only, by providing prior written notice (“Notice”) to the Landlord, which Notice shall state a termination date not less than six (6) months after the date of the Notice (the “Termination
Date”), at no cost to the Tenant save and except as noted below. The Annual Rent and Additional Rent (subject to sections 3.04 and 3.05 of the Lease, as applicable) for the Data Centre Premises shall be computable and payable up to the
Termination Date and the Tenant shall deliver vacant possession of the Data Centre Premises on or before the Termination Date, Section 9.01 of the Lease and subsections 12(a), (c), (e), (f) and (g) (Tenant’s Reinstatement
Obligations-Leased Premises) of Schedule “1” to the Lease. shall apply to the Data Centre Premises, mutatis mutandis, it being agreed that the preliminary walkthrough shall occur not less than three (3) months prior to the
Termination Date. Upon delivery to the Landlord of the Notice, the parties agree to enter into a Partial Surrender of Lease to provide for the early surrender of the Data Centre Premises as aforesaid, and the Tenant agrees to pay the Landlord’s
fee in relation to the preparation of such Partial Surrender of Lease, which fee shall not exceed $ 1,000, plus HST”. 
  

	 	d)	The attached Schedule “B12” (Floor Plan of Data Centre Premises) shall be added as a new Schedule “B12” to the Lease. 

SAVE AND EXCEPT as set out herein, all other terms and conditions of the Lease shall, remain unchanged and shall apply during the Term and any
extension thereof, and all capitalized terms used herein shall have the same meaning as in the Lease. 
 IN WITNESS WHEREOF the parties hereto have
affixed their corporate seals duly attested to by the hands of their authorized signing officers. 
 SIGNED SEALED AND’ DELIVERED 

in the Presence of: 
  

					
	 )
	 	KANATA RESEARCH PARK CORPORATION
			
	 )
	 	 Per:
	 	

	 )
	 	 
	 )
	 	 
	 )
	 		 	Martin A. Vandewouw, President
	 )
	 		 	I have the authority to bind the corporation.
	 )
	 		 	
	 )
	 		 	
	 )
	 	MITEL NETWORKS CORPORATION 
	 )
	 	Per:	 	 

	 )
	 	 
	 )
	 	 
	 )
	 		 	Name: STEVE SPOONER
	 )
	 		 	Title: VICE PRESIDENT
	 )
	 		 	I have the authority to bind the corporation.

  
 3 

 SCHEDULE “B12” 

FLOOR PLAN OF DATA CENTRE PREMISES 
  

 

 SCHEDULE “E” 

OPTION TO EXTEND 
  

	1.	Provided the Tenant has not been in material default during the Term of this Lease which has not been cured, and has not assigned this Lease, save and except to Permitted Transfers, the Tenant shall have and is hereby
granted an option to extend the Term of the Lease with respect to that part of the Leased Premises located in the 340 Building for a further term of one (1) year and ten (10) months (July 1, 2019 to April 30, 2021), provided that in
order to exercise this option, the Tenant shall be required to give to the Landlord notice of the exercise of such option in writing by not later than July 1, 2018. 

 

	2.	Any extension pursuant to this proviso shall be on the same terms and conditions contained in this Lease except the Annual Rent payable by the Tenant for that part of the Leased Premises in the 340 Building for such
extension period shall be as set out in the table below: 

  

					
	 Leased Premises
	  	Annual Rent Rate
per Sq. Ft. per annum	 
	 340 Warehouse Premises
	  	$	7.00	  
	 340 First Floor Premises
	  	$	7.00	  
	 340 Mezzanine Premises
	  	$	7.00ptla-ex105_344.htm

 

Exhibit 10.5

AMENDED AND RESTATED PORTOLA PHARMACEUTICALS, INC. 

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY 

On December 17, 2015, the Board of Directors (the “Board”) of Portola Pharmaceuticals, Inc. (the “Company”) approved the amendment and restatement of the following compensation policy (the “Policy”) for non-employee directors of the Company. For purposes of this Policy, a “Non-Employee Director” is a director who has not served as an employee or executive officer of the Company or its affiliates or otherwise provided services to the Company or its affiliates in a capacity other than as a director during the preceding year. 

	
 
	
1.
	
Cash Compensation. Each Non-Employee Directors will receive the following cash compensation: 

	
 
	
a.
	
Annual cash compensation in an amount equal to $50,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Board service. 

	
 
	
b.
	
In addition to the cash compensation set forth in paragraph 1(a)(i) immediately above, each chairperson, vice-chairperson and lead director of the Board will earn an additional annual payment in an amount equal to $25,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for his or her service as chairperson, vice-chairperson and/or lead director, as applicable, of the Board. 

	
 
	
c.
	
Audit Committee. In addition to the compensation provided under any other provision of this Policy, each Non-Employee Director serving on the Audit Committee of the Board (the “Audit Committee”) will receive the following compensation: 

	
 
	
i.
	
The chairperson of the Audit Committee will receive annual cash compensation in an amount equal to $20,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her service as chairperson of the Audit Committee. 

	
 
	
ii.
	
The other members of the Audit Committee will receive annual cash compensation in an amount equal to $6,500, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Audit Committee service. 

	
 
	
d.
	
Compensation Committee. In addition to the compensation provided under any other provision of this Policy, each Non-Employee Director serving on the Compensation Committee of the Board (the “Compensation Committee”) will receive the following compensation: 

	
 
	
i.
	
The chairperson of the Compensation Committee will receive annual cash compensation in an amount equal to $20,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her service as chairperson of the Compensation Committee. 

	
 
	
ii.
	
The other members of the Compensation Committee will receive annual cash compensation in an amount equal to $6,500, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Compensation Committee service. 

	
 
	
e.
	
Nominating and Corporate Governance Committee. In addition to the compensation provided under any other provision of this Policy, each Non-Employee Director serving on the Nominating and Corporate Governance Committee of the Board (the “Nominating and Corporate Governance Committee”) will receive the following compensation: 

	
 
	
i.
	
The chairperson of the Nominating and Corporate Governance Committee will receive annual cash compensation in an amount equal to $15,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her service as chairperson of the Nominating and Corporate Governance Committee. 

	
 
	
ii.
	
The other members of the Nominating and Corporate Governance Committee will receive annual cash compensation in an amount equal to $5,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Nominating and Corporate Governance Committee service. 

 

 

	
 
	
f.
	
Research and Development Committee. In addition to the compensation provided under any other provision of this Policy, each Non-Employee Director serving on the Research and Development Committee of the Board (the “Research and Development Committee”) will receive the following compensation:  

	
 
	
i.
	
The chairperson of the Research and Development Committee will receive annual cash compensation in an amount equal to $15,000, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her service as chairperson of the Research and Development Committee. 

	
 
	
ii.
	
The other members of the Research and Development Committee will receive annual cash compensation in an amount equal to $5,500, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Research and Development Committee service. 

	
 
	
g.
	
Commercial Committee. In addition to the compensation provided under any other provision of this Policy, each Non-Employee Director serving on the Commercial Committee of the Board (the “Commercial Committee”) will receive the following compensation: 

	
 
	
i.
	
The members of the Commercial Committee will receive annual cash compensation in an amount equal to $5,500, accruing and payable on a quarterly basis at the end of each calendar quarter of service, as an annual retainer for his or her Commercial Committee service. 

	
 
	
2.
	
Equity Compensation. Each Non-Employee Director will receive the following equity awards under the Company’s 2013 Equity Incentive Plan (the “Plan”) as consideration for service on the Board. Each equity award granted under this Policy will be made in accordance with the Plan and shall individually be approved by the Board or the Compensation Committee. Vesting of all equity awards granted under this Policy is subject to the applicable Non-Employee Director’s “Continuous Service” (as defined in the Plan) from the date of grant through each applicable vesting date. Each equity award granted under this Policy will be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant and will be subject to the Company’s standard form of Option Agreement, as most recently adopted by the Board for use under this Policy. The exact number of shares to be granted in each equity award granted under this Policy will be subject to adjustment based on the review by the Board or Compensation Committee of the market value of the grant implied by the percentages given below at the time of grant. 

	
 
	
a.
	
New Non-Employee Directors Equity Award. For each new Non-Employee Director that joins the Board, the Board or Compensation Committee will grant such new Non-Employee Director an initial stock option grant to purchase that number of shares equal to approximately 0.08% of the Company’s then-fully diluted shares (including the Company’s outstanding stock, the exercise and conversion of all exercisable and convertible securities and the shares reserved under the Company’s then-existing stock plans). Such option grant will vest, subject to Continuous Service, on a monthly basis for the 36-month period following the date of grant. 

	
 
	
b.
	
Annual Equity Award. Each year, the Board or Compensation Committee will grant each continuing Non-Employee Director a stock option grant (the “Annual Grant”) to purchase that number of shares equal to approximately 0.04% of the Company’s then-fully diluted shares (including the Company’s outstanding stock, the exercise and conversion of all exercisable and convertible securities and the shares reserved under the Company’s then-existing stock plans). Such option grant will vest, subject to Continuous Service, on a monthly basis for the 12-month period following the date of grant. To be eligible to receive an Annual Grant, a Non-Employee Director must have (i) served on the Board as of December 31 of the prior year, or (ii) served on the Board for six (6) or more months by the date of the Company’s annual meeting of stockholders.

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