Document:

Exhibit

Exhibit 10.27
Compensation of Non-Employee Directors
Directors who are not officers of SEACOR Holdings Inc. (the “Company”) receive an annual retainer of $52,000 and $2,000 for every regular and special Board and Committee meeting they attend via telephone and $4,000 for every regular and special Board and Committee meeting they attend in person.
Each member of the Board who is not an employee of the Company is also granted options and Common Stock pursuant to the SEACOR Holding Inc.'s 2014 Share Incentive Plan (Exhibit 10.28 in this Annual Report on Form 10-K).Exhibit

EXHIBIT 10.39
Relocation Agreement and Waiver 

RESOLUTE FOREST PRODUCTS INC. 
AGREEMENT AND WAIVER REGARDING BENEFITS UNDER THE 
RESOLUTE FOREST PRODUCTS
RELOCATION PROGRAM

I, RICHARD TREMBLAY, an employee of RESOLUTE FOREST PRODUCTS INC. (the "Company"), have read the RESOLUTE FOREST PRODUCTS RELOCATION GUIDE (the "Guide").  I understand the terms and conditions of my receipt of all relocation benefits described in the Guide, including but not limited to lump sums, allowances, advances, reimbursements, travel expenses, and money or other consideration received in connection with the relocation of my principal residence (hereafter referred to collectively as "Standard Relocation Benefits").

I hereby agree that if I receive any Relocation Benefits and my employment with the Company thereafter terminates within twenty four (24) months or before my relocation as the result of either my voluntary termination or my involuntary termination for cause, I will be subject to the following:

		
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	I will be required to reimburse the Company for a prorated portion of the Standard Relocation Benefits I have received from the Company, based on 24 months less the number of months worked (remaining to 24 months), divided by 24 months.  

		
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	For example, if I leave in the 7th month after my relocation, and therefore have only worked a full 6 months, the calculation will be (24-6)/24 = 75.00%. 

		
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	In addition to the Standard Relocation Benefits, I acknowledge that the Company has undertaken to compensate me in an amount $150,000, net of applicable taxes, for the equity loss on the sale of my property in Virginia (the “Equity Loss Payment”).  I acknowledge that I will be required to reimburse the Company the full value of this payment (i.e. the gross amount paid by the Company on a pre-tax basis) if my employment with the Company terminates within twenty four (24) months or before my relocation as the result of either my voluntary termination or my involuntary termination for cause.  

		
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	The Company shall, to the extent permitted by applicable laws, reduce any compensation otherwise due to me upon my termination of employment, including but not limited to regular wages, severance pay and bonuses, by the amount of Standard Relocation Benefits and the Equity Loss Payment that I am required to reimburse the Company for under the terms of the Guide.

The Standard Relocation Benefits and Equity Loss Payment owed by me are to be repaid in full on the date of termination of my employment.  Any portion of the Standard Relocation Benefits and Equity Loss Payment not fully reimbursed shall bear interest at the maximum rate of interest permitted by law from the date of termination of my employment until the date of repayment. In addition, I agree to pay all costs of enforcement and collection, including, without limitation, reasonable attorney’s fees.
    
This Agreement shall be binding upon me and my heirs, executors, administrators, successors and assigns, and shall inure to the benefit of and be enforceable by the Company, its successors and assigns.

No provision of this Agreement may be modified, waived or discharged except in a writing specifically referring to such provision and signed by the party against which enforcement of such modification, waiver or discharge is sought.  No waiver by either party hereto of the breach of any condition or provision of this Agreement shall be deemed a waiver of any other condition or provision at the same or any other time.

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

The validity, interpretation, construction and performance of this Agreement shall be governed by the substantive laws of the State of Delaware.

I understand that, by signing this Consent, I hereby agree to be subject to all terms and conditions described herein and in the Policy as a condition of my receipt of relocation benefits, and I waive any rights to contest the Company's rights of reimbursement as such rights are described in this Agreement and in the Policy.

 /s/ Richard Tremblay                                     February 25, 2016
Employee's Signature                          DateExhibit

Exhibit 10.4

SECOND AMENDMENT TO LEASE

This Second Amendment to Lease (the “Amendment”), dated February 22, 2016, for references purposes only, is made and entered into by and between Nassau Land Company, L.P., a California limited partnership (the "Landlord"), and Appfolio, Inc., a Delaware corporation (the "Tenant"), with reference to the following facts:

RECITALS:
A.    Landlord is the owner of the real property and improvements consisting of approximately 35,939 square feet of leasable space located in the Castilian Technical Center situated at 90 Castilian Drive, Goleta, California (the “Project”). 
B.    Landlord and Tenant entered into a Multi-Tenant Industrial Lease dated February 17, 2015 (the “Original Lease”), whereby Landlord leased to Tenant, and Tenant leased from Landlord, a total of approximately 18,635 square feet of leasable space located within the Project and commonly known as 90 Castilian Drive, Suites 200 and 210, Goleta, California.
C.    Landlord and Tenant entered into a written First Amendment to Lease (the “First Amendment”) dated August 17, 2015 expanding the Premises to include Suite 120 consisting of approximately 7,855 square feet of leasable space thereby increasing the total leased Premises to 26,490 square feet of leasable space (the “Existing Premises”).
D.    The Original Lease and the First Amendment shall collectively be referred to herein as the “Lease.”
E.    Tenant has exercised its Expansion Right, as more particularly described in Section K.3 of Exhibit K to the Original Lease, and Landlord and Tenant wish to amend the leased Premises to include space on the first (1st) floor of the Building located at 90 Castilian Drive commonly known as Suite 110, consisting of approximately 9,449 leasable square feet (the “Specific Expansion Space”), and to address other matters, including, without limitation, changes to the amount of Rent.
F.    The parties have agreed to execute this Amendment in order to memorialize their understandings regarding certain amendments to the Lease.
G.    All capitalized terms that appear in this Amendment and are not defined herein shall have the meaning ascribed thereto in the Lease.

AGREEMENTS:

NOW THEREFORE, the parties hereto, intended to be legally bound, do hereby agree and further amend the Lease as follows:

1.    AMENDMENTS TO LEASE.  Notwithstanding any other provisions of the Lease to the contrary, effective as of the date set forth above, the Lease is hereby amended as follows:
1.Under the terms and conditions set forth in Section K.3 of Exhibit K to the Original Lease, Landlord shall deliver the Specific Expansion Space to Tenant, vacant and ready for any Tenant improvement work, on January 1, 2016 (the “Expansion Delivery Date”).

1.2    Premises.  Effective as of the Expansion Delivery Date, the Specific Expansion Space shall be part of the Premises under this Lease (so that the term “Premises” in this Lease shall refer to the Existing Premises plus the Specific Expansion Space) and the Leased Premises shall consist of a total of 35,939 leasable square feet.
1.3    Minimum Monthly Rent - Suite 110.  Effective ninety (90) days following the Expansion Delivery Date (April 1, 2016), the Minimum Monthly Rent for Suite 110 shall be $1.45 per square foot per month on the total square footage of Suite 110 (9,449 sf) payable in monthly installments of $13,701.05.
1.4    Operating Expenses.    Effective April 1, 2016, Tenant’s Share of the Common Area Expenses shall initially be one hundred percent (100%).
1.5    Security Deposit.    Effective on the Expansion Delivery Date, Tenant’s Security Deposit shall be increased by $13,701.05 from $38,410.50, for a total Security Deposit of $52,111.55.
1.6    Parking.    Effective on the Expansion Delivery Date, Tenant shall be entitled to use an additional thirty-one (31) parking spaces in the parking area of the Project in accordance with the terms of the Original Lease.
1.7    Preparation of Specific Expansion Space.    The Specific Expansion Space shall be leased to Tenant in its “as-is” condition, except that Landlord shall, at its sole cost and expense prior to the Expansion Delivery Date: (i) complete any necessary repairs and/or replacements for all existing HVAC units, per an HVAC report provided by Pacific Climate Control; (ii) deliver the Specific Expansion Space(s) free of any furniture, fixtures, equipment, inventory or signage and in broom clean condition, free from debris with all Building systems in good working order; (iii) provide Tenant up to $2,000 of space planning services with PK architecture for the Specific Expansion suite being added; and (iv) provide Tenant with an additional one-time Tenant Improvement Allowance, under the same terms and conditions set forth in Exhibit B of the Original Lease, in an amount not to exceed $25 per square foot of the Specific Expansion Space ($236,225.00) to be used for interior improvements. If Tenant does not utilize this additional Tenant Improvement Allowance by December 31, 2017, the Tenant Improvement Allowance for the applicable suite shall be null and void and Tenant shall forever lose its right to utilize said allowance.
2.    MISCELLANEOUS.
2.1    In the event of any conflict between the terms of this Amendment and the terms of the Original Lease, the terms of this Amendment shall control.
2.2    This Amendment is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior contemporaneous oral and written agreements and discussions with respect to the subject matter hereof. 
2.3    Landlord and Tenant represent and warrant that all signatories hereto signing in a representative capacity have been duly authorized by and on behalf of their respective principals to execute this Amendment.
2.4    All remaining terms and provisions of the Lease shall remain unchanged and in full force and effect.

    

AGREED THIS 25th day of February 2016.

LANDLORD:                        TENANT:

NASSAU LAND COMPANY, L.P.            APPFOLIO, INC.,  
a California limited partnership            a Delaware corporation
                    
By: Michael Towbes Construction &        
Development, Inc., a California corporation                
Its:  General Partner        
By:____/s/ Brian Donahoo____________
                                        Brian Donahoo, President and CEO
By:__ /s/ Craig Zimmerman_______        
                    

Its:____Vice President___________        By:___/s/ Brett Little_________________
      Brett Little, VP Finance

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