Document:

Exhibit 10.9

 

February 4, 2021

 

Benjamin Pinkas

22 East 1st Street, PH05 New York, NY 10003

 

Dear Benny:

 

On behalf of Anthropos
Management, LLC, a Cayman Islands limited liability company (the “Company”), which is a management company that
is owned solely by us for the purpose of employing individuals assisting us in managing investments, including Anthropos Capital
Corporation, a Cayman Islands exempted company and blank check company (the “SPAC”), we are pleased to memorialize
your offer of employment as Principal of the SPAC. If you accept this offer, your employment will be effective as of February 1,
2021 (your “Start Date”). This letter summarizes the key terms of your employment with the SPAC. It is expected
that, as of the Start Date, you will devote substantially all of your business time and energy to the performance of your duties
with the SPAC.

 

You will be paid an
annualized base salary of $250,000, less applicable taxes and other withholdings, in accordance with the SPAC's payroll practices
that will be in effect from time to time. You will be responsible for procuring your own health insurance, and the SPAC will reimburse
you for the full amount of such costs upon your presentment of appropriate supporting documentation in accordance with the Company's
reimbursement policies in effect from time to time. Upon completion of a successful business combination involving the SPAC transaction,
you will also be paid a cash bonus of at least $50,000, less applicable taxes and other withholdings, in accordance with the SPAC's
payroll practices that will be in effect from time to time, and subject to your continued employment with the SPAC through such
business combination.

 

In connection with
your employment, you will also receive a one-time equity award of units (the “Units”) under the limited liability
company agreement of Company or one of its affiliates (the “LLC Agreement”), which units will, as currently
contemplated, indirectly track the founder shares in the SPAC (“Founder Shares”). This equity award will be
comprised of a number of Units that correlates to 150,000 Founder Shares at the time of issuance of such Units (which amount of
Founder Shares is subject to adjustment as set forth in the LLC Agreement). The Units will vest subject to your continued employment
through the applicable vesting date as set forth in the definitive agreements governing your Units and your employment in good
standing with the SPAC through a business combination involving the SPAC. The Units will be subject to the terms and conditions
of the LLC Agreement and an award or subscription agreement entered into with you. Nothing in this letter shall be construed to
give you any rights to any amount or type of grant or award except as provided in an award or subscription agreement and authorized
by the Board of the SPAC or a committee thereof.

 

You will, of course,
be expected to comply with all of the SPAC's policies and procedures in effect from time to time. Notwithstanding anything to the
contrary herein, your employment with the SPAC is not for a specific term and is terminable at-will. This means that either you
or the SPAC may terminate the employment relationship at any time, with or without notice, and for any reason not prohibited by
applicable law.

 

     

     

    

 

In
signing below, you hereby acknowledge and agree that you have and may in the future receive certain Confidential Information (as
defined below). Except as otherwise consented to by the Company and/or the SPAC in writing, you (for yourself and, to the extent
you are responsible for the acts of any managers, directors, officers, owners, employees and agents, for the foregoing) agree that
you will not, directly or indirectly, disclose any Confidential Information to any person for any reason or purpose whatsoever,
except: (i) so long as you are an employee, officer, manager or director of or otherwise providing services to the
SPAC, any of its subsidiaries or the Company, in the course of performing your duties in such capacity(ies), to managers, directors,
officers, representatives, agents and employees of or advisors to the SPAC or its subsidiaries, in each case, who are authorized
to receive such information; (ii) to your financial, legal, tax and other professional advisors who need to know such information
in connection with evaluating, structuring and monitoring your investment in the Company or the SPAC (but in each case, not to
a competitor); or (iii) as may otherwise be required by law, rule, regulation or self-regulatory organization, by court or
administrative order, subpoena, civil investigative demand, or by any other legal process or requirement, or requested during a
routine proceeding involving general requests by regulatory, professional or similar authorities with jurisdiction over you (including
by a governmental regulatory agency or self-regulatory body (including any bank regulatory or public accounting oversight body))
during the course of a periodic examination by that agency or body; provided, that in such event, you shall provide the
SPAC with reasonable notice of such requirement of disclosure and, prior to making such disclosure, you shall reasonably cooperate
with the SPAC's efforts to protect the confidentiality of the information required to be disclosed by you; and, in the event that
no protective order or other remedy is obtained and the Company does not waive compliance with the terms of this letter agreement,
you will furnish only that portion of the Confidential Information you are advised by your counsel to be legally required. “Confidential
Information” means information belonging to the Company or the SPAC that is: (A) proprietary to, about or created
by the Company, the SPAC or its subsidiaries or their respective affiliates; (B) gives any of the foregoing a competitive
business advantage or the opportunity of obtaining such advantage or the disclosure of which is reasonably likely to be detrimental
to the interests of any of the foregoing; (C) designated as “Confidential Information” by the disclosing person
providing the same, or from all the relevant circumstances should reasonably be assumed by the recipient to be confidential and
proprietary to the disclosing person; and (D) not generally known by persons or businesses outside of the Company, the SPAC
or its subsidiaries.

 

18 U.S.C. § 1833(b) provides:
 “An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure
of a trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either
directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation
of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under
seal.” Nothing in this letter agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for
disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this letter agreement
have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for
the sole purpose of reporting or investigating a suspected violation of law. The parties also have the right to disclose trade
secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public
disclosure.

 

During your employment
with the SPAC and for a period of twelve (12)-months following your termination of employment for any reason, you agree that you
will not, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, (A) solicit,
aid or induce any employee of the SPAC or any of its subsidiaries or affiliates (including the Company) to leave such employment
or retention or to accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated
with the SPAC or hire or retain any such employee or take any action to materially assist or aid any other person, firm, corporation
or other entity in identifying, hiring or soliciting any such employee or (B) interfere, or aid or induce any other person
or entity in interfering, with the relationship between the SPAC, the Company or any of their respective subsidiaries or affiliates
and any of their respective customers, investors, members, shareholders, trustees, agents, representatives, vendors, joint venturers
or licensors. An employee shall be deemed covered by this Section while so employed or retained and for a period of six (6) months
thereafter.

 

     2

     

    

 

In signing below, you
expressly represent that you are under no restriction with any current or former employer or other third party, including restrictions
with respect to non-competition, nonsolicitation, confidentiality, or any other restrictive covenant, that would prevent you from
accepting employment with the SPAC or from performing any services on the SPAC's behalf. In addition, you promise that you will
not provide the SPAC or the Company with any confidential, proprietary or legally protected information belonging to any current
or former employer or other third party and in no circumstances will you use or disclose such information in the course of your
employment with the SPAC. If you have any questions about the ownership of particular documents or other information, you should
discuss such questions with your current or former employer(s) before removing or copying the documents or information.

 

Please note that federal
law requires that you provide the SPAC with documents establishing your identity and right to work in the United States within
three (3) business days of your employment Start Date. In addition, this offer is contingent on the results of a background
check and reference check being satisfactory to the Company in its sole discretion.

 

Benny, we look forward
to having you join the SPAC and the valuable contributions we expect you to make to its development and success. To accept this
offer, please sign and date the acceptance below and return it to us.

 

 Sincerely,

 

	 	Anthropos Capital Corporation
	 	 
	 	/s/ Fred Crawford
	 	By:	Fred
Crawford
	 	Title:	Co-Chief
Executive Officer
	 	 	 
	 	 	 
	AGREED AND ACCEPTED:	 	 
	 	 	 
	/s/ Benjamin Pinkas	 	 
	Benjamin Pinkas	 	 

 

     3box-ex43_6.htm

 

Exhibit 4.3

DESCRIPTION OF CAPITAL STOCK

The following description of the capital stock of Box, Inc. (“us,” “our,” “we” or the “Company”) is a summary of the rights of our Class A common stock and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws as currently in effect. This summary does not purport to be complete and is qualified in its entirety by the provisions of our amended and restated certificate of incorporation, each previously filed with the Securities and Exchange Commission and incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.3 is a part, as well as to the applicable provisions of the Delaware General Corporation Law (the “DGCL”). We encourage you to read our amended and restated certificate of incorporation, amended and restated bylaws, and the applicable provisions of the DGCL carefully. 

General

Our amended and restated certificate of incorporation provides for two classes of common stock and authorizes shares of undesignated preferred stock, the rights, preferences and privileges of which may be designated from time to time by our board of directors. On June 14, 2018, all of our outstanding shares of Class B common stock automatically converted into the same number of shares of Class A common stock pursuant to the terms of our amended and restated certification of incorporation. No additional shares of Class B common stock may be issued following such conversion. On June 15, 2018, we filed a certificate with the Secretary of State of the State of Delaware effecting the retirement and cancellation of our Class B common stock. This certificate of retirement had the additional effect of eliminating the authorized Class B common stock, thereby reducing the total number of our authorized shares of common stock by 200,000,000.

Our authorized capital stock therefore consists of 1,100,000,000 shares, $0.0001 par value per share, of which:

	
 
	
•
	
1,000,000,000 shares are designated as Class A common stock; and

	
 
	
•
	
100,000,000 shares are designated as preferred stock.

Class A Common Stock 

Dividend Rights 

Subject to preferences that may apply to any shares of preferred stock outstanding at the time, the holders of our Class A common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine. 

Voting Rights 

Holders of our Class A common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. Stockholders do not have the ability to cumulate votes for the election of directors. Our amended and restated certificate of incorporation and amended and restated bylaws provide for a classified board of directors consisting of three classes of approximately equal size, each serving staggered three-year terms. Only the directors in one class will be subject to election by a plurality of the votes cast at each annual meeting of stockholders, with the directors in the other classes continuing for the remainder of their respective three-year terms. 

Right to Receive Liquidation Distributions 

If we become subject to a liquidation, dissolution, or winding-up, the assets legally available for distribution to our stockholders would be distributable ratably among the holders of our Class A common stock and any participating preferred stock outstanding at that time, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights of and the payment of liquidation preferences, if any, on any outstanding shares of preferred stock. 

 

Other Matters

Shares of our Class A common stock are not convertible into any other shares of our capital stock. All issued and outstanding shares of our Class A common stock are fully paid and nonassessable. Our Class A common stock is not entitled to preemptive rights and is not subject to redemption or sinking fund provisions.

Preferred Stock 

Pursuant to our amended and restated certificate of incorporation, our board of directors has the authority, without further action by the stockholders, to issue from time to time up to 100,000,000 shares of preferred stock in one or more series. Our board of directors may designate the rights, preferences, privileges and restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, redemption rights, liquidation preference, sinking fund terms, and the number of shares constituting any series or the designation of any series. The issuance of preferred stock could have the effect of restricting dividends on our Class A common stock, diluting the voting power of our Class A common stock, impairing the liquidation rights of our Class A common stock, or delaying, deterring, or preventing a change in control. Such issuance could have the effect of decreasing the market price of our Class A common stock. 

Anti-Takeover Provisions 

Certain provisions of the DGCL, our amended and restated certificate of incorporation, and our amended and restated bylaws, which are summarized below, may have the effect of delaying, deferring, or discouraging another person from acquiring control of the Company. They are also designed, in part, to encourage persons seeking to acquire control of us to negotiate first with our board of directors. 

Delaware Law 

We are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. In general, Section 203 prohibits a publicly held Delaware corporation from engaging, under certain circumstances, in a business combination with an interested stockholder for a period of three years following the date the person became an interested stockholder unless:

	
 
	
•
	
prior to the date of the transaction, our board of directors approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

	
 
	
•
	
upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding, but not the outstanding voting stock owned by the interested stockholder, (i) shares owned by persons who are directors and also officers and (ii) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

	
 
	
•
	
at or subsequent to the date of the transaction, the business combination is approved by our board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2⁄3% of the outstanding voting stock that is not owned by the interested stockholder.

Generally, a business combination includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. An interested stockholder is a person who, together with affiliates and associates, owns or, within three years prior to the determination of interested stockholder status, did own 15% or more of a corporation’s outstanding voting stock. We expect the existence of this provision to have an anti-takeover effect with respect to transactions our board of directors does not approve in advance. We also anticipate that Section 203 may discourage attempts that might result in a premium over the market price for the shares of common stock held by stockholders.

 

Amended and Restated Certificate of Incorporation and Amended and Restated Bylaw Provisions 

Our amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that could deter hostile takeovers or delay or prevent changes in control of our board of directors or management team, including the following: 

Undesignated Preferred Stock. As discussed above, our board of directors has the ability to designate and issue preferred stock with voting or other rights or preferences that could deter hostile takeovers or delay changes in our control or management.

Board of Directors Vacancies. Our amended and restated certificate of incorporation and amended and restated bylaws authorize only our board of directors to fill vacant directorships, including newly created seats. In addition, the number of directors constituting our board of directors is permitted to be set only by a resolution adopted by a majority vote of our entire board of directors. These provisions would prevent a stockholder from increasing the size of our board of directors and then gaining control of our board of directors by filling the resulting vacancies with its own nominees. This makes it more difficult to change the composition of our board of directors and promotes continuity of management.

Classified Board. Our amended and restated certificate of incorporation and amended and restated bylaws provide that our board of directors is classified into three classes of directors. A third party may be discouraged

Limits on Ability of Stockholders to Act by Written Consent or Call a Special Meeting. Our amended and restated certificate of incorporation provides that our stockholders may not act by written consent. This limit on the ability of stockholders to act by written consent may lengthen the amount of time required to take stockholder actions. As a result, the holders of a majority of our capital stock would not be able to amend our amended and restated bylaws or remove directors without holding a meeting of stockholders called in accordance with our amended and restated bylaws. In addition, our amended and restated bylaws provide that special meetings of the stockholders may be called only by the chairperson of our board of directors, the chief executive officer, the president (in the absence of a chief executive officer) or our board of directors. A stockholder may not call a special meeting, which may delay the ability of our stockholders to force consideration of a proposal or for holders controlling a majority of our capital stock to take any action, including the removal of directors.

Classified Board of Directors. Our amended and restated certificate of incorporation and amended and restated bylaws provide that our board of directors is classified into three classes of directors. A third party may be discouraged from making a tender offer or otherwise attempting to obtain control of us as it is more difficult and time consuming for stockholders to replace a majority of the directors on a classified board of directors. 

Stockholder Action; Special Meeting of Stockholders. Our amended and restated certificate of incorporation provides that our stockholders may not take action by written consent, but may only take action at annual or special meetings of our stockholders. As a result, a holder controlling a majority of our capital stock would not be able to amend our amended and restated bylaws or remove directors without holding a meeting of our stockholders called in accordance with our amended and restated bylaws. Our amended and restated bylaws further provides that special meetings of our stockholders may be called only by a majority of our entire board of directors, the Chair of our board of directors, or our Chief Executive Officer, thus prohibiting a stockholder from calling a special meeting. These provisions might delay the ability of our stockholders to force consideration of a proposal or for stockholders controlling a majority of our capital stock to take any action, including the removal of directors. 

Requirements for Advance Notification of Stockholder Nominations and Proposals. Our amended and restated bylaws establish advance notice procedures with respect to stockholder proposals and the nomination of candidates for election as directors, other than nominations made by or at the direction of our board of directors or a committee of our board of directors. These advance notice procedures may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed and may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect its own slate of directors or otherwise attempt to obtain control of our company.

 

Directors Removed Only for Cause. Our amended and restated certificate of incorporation provides that stockholders may remove directors only for cause. 

Amendment of Charter Provisions. Any amendment of the above provisions in our amended and restated certificate of incorporation would require approval by holders of at least 66 2⁄3% of our then outstanding capital stock.

Transfer Agent and Registrar 

The transfer agent and registrar for our common stock is Computershare Trust Company, N.A., located at 250 Royall Street, Canton, Massachusetts 02021. 

Listing 

Our Class A common stock is listed on the New York Stock Exchange under the symbol “BOX.”

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