Document:

Interactive Data Corporation Compensation Plan for Non-Employee Directors

 EXHIBIT 10.22 
 INTERACTIVE DATA CORPORATION 
 Compensation
Plan for Non-Employee Directors1 
  

			
	Adoption Date	  	December 11, 2007
		
	Eligibility	  	All Directors other than Directors who are employees of Interactive Data Corporation, Pearson, plc or any other significant shareholder, or any subsidiary thereof.
		
	Shareholder Approval of Plan	  	Not required.
		
		  	 Cash Component of Plan

		
	Annual Retainer	  	$30,000 per year.
		
	Service on Audit Committee	  	 $20,000 per chair per year. $7,500 for non-chair membership.
  
 If in any given calendar year, the audit committee meets in person or telephonically more than 5 times, beginning with the 6th meeting, all participants will receive a fee of $1,500 per meeting.

		
	 Service on Compensation
 Committee
	  	 $10,000 per chair per year. $5,000 for non-chair membership.
  
 If in any given calendar year, the compensation committee meets in person or telephonically more than 5 times, beginning with the 6th meeting, all participants will receive a fee of $1,000 per meeting.

		
	Service on Compensation Committee Subcommittee	  	$1,000 per chair per year. $1,000 for non-chair membership.
		
	Service on Nominating and Corporate Governance and Independent Committees	  	$5,000 per chair per year. $3,000 for non-chair membership.
		
	Committee Per Meeting Fees	  	There will be no per meeting fee for committee meetings, except as noted above for the Compensation and Audit Committees.
		
	Board Per Meeting Fees	  	$2,000 per meeting for in person or telephonic meetings lasting more than 1 hour.
		
	Meeting Expenses	  	Reimbursement for all normal travel expenses to attend meeting (reimbursement is made on an “as submitted” basis).
		
	Timing of Payments	  	Quarterly in arrears, except as noted.

  

	 1
	 This is an amendment and restatement of the Non-Employee Directors Compensation Plan as amended and restated on
May 23, 2007. 

			
		  	 RSU Component of Plan

		
	RSU Award Description	  	A restricted stock unit award (“RSU”) represents the right to receive shares of the Company’s common stock on the first anniversary of grant date. RSUs are payable only in stock.

		
	Grant of RSUs	  	 A grant of RSUs with a dollar value of $125,000, as determined using the Black Scholes method of valuation, applying the methodology and assumptions
most recently used by the Company to value options under FAS 123(R) for purposes of the Company’s financial statements.
 Grant date: the day of the
Annual Meeting of Shareholders.

		
	Vesting of RSUs	  	100% on first anniversary of grant date, so long as such individual is a director as of such date.
		
	Acceleration of Vesting	  	 (i) a pro rata percentage of the RSUs (based on completed months of service) on the date of director’s death or resignation due to disability.

  
 (ii) so long as such individual is then a director, 100% immediately upon a Change in
Control if, in connection with the Change in Control, shares of the Company’s common stock will no longer be listed on a recognized national securities exchange. Change in Control is defined in Section 3 of the Restricted Stock Unit Award
Agreement (Non-Employee Director Grant).

		
	Dividend Equivalents	  	Prior to settlement, RSUs will accrue the right to receive additional units (not cash dividends) equal in value to the amount of any dividends declared on the underlying stock, rounded down to
the nearest whole share.
		
	Impact of Termination with Cause	  	 In the event a Director is terminated for “Cause”, any unvested RSUs will be forfeited. Cause is defined as:
 •        The director materially breaches a written agreement with the
Company;
  
 •        The director is convicted of fraud, theft, criminal dishonesty or felony;
  
 •        The director engages in illegal conduct, gross misconduct or acts involving
moral turpitude that are material and demonstrably injurious to the Company; or
  
 •        The director breaches any fiduciary duty owed to the
Company.

		
	Delivery of Underlying Shares	  	Stock underlying the RSU will be delivered as soon as administratively practicable after vesting.

  

 2 

			
	Taxation of RSUs	  	Non-employee Directors will have ordinary compensation income (and SECA tax) in an amount equal to the fair market value of stock determined at the time of vesting. Interactive Data Corporation
gets a corresponding tax deduction at that time.
		
		  	 Other Terms Applicable to RSUs

		
	Restrictions on Transfer	  	RSUs may not be transferred (except upon death).
		
	Registration	  	RSUs will be granted under the 2000 Long Term Incentive Plan, the shares of each of which are registered on Form S-8.
		
	Application of Insider Trading Rules	  	Insider trading restrictions and short-swing profit rules of the Securities Exchange Act of 1934 apply as well as Rule 144 limitations of the Securities Act of 1933. The making of deferral
elections with respect to RSUs, and transactions involving the acquisition or disposition of stock in connection with an RSU award, may be limited by these rules as reflected in Interactive Data Corporation’s Insider Trading
Policy.

  

 3Fifth Amendment to Loan and Security Agreement

 Exhibit 10.1 
 FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 
 This Fifth Amendment to Loan and Security Agreement
(this “Amendment”) is entered into as of February 22, 2008, by and between COMERICA BANK (“Bank”) and VERENIUM CORPORATION (“Borrower”). 
 RECITALS 
 Borrower and Bank are parties to that certain Loan and Security Agreement dated as of
September 30, 2005, as amended from time to time, including by that certain First Amendment to Loan and Security Agreement dated as of August 2, 2006, that certain Second Amendment to Loan and Security Agreement dated as of
November 2, 2006, that certain Third Amendment to Loan and Security Agreement dated as of March 17, 2007 and that certain Modification to Loan Documents dated as of September 21, 2007 (collectively, the “Agreement”). The
parties desire to amend the Agreement in accordance with the terms of this Amendment. 
 NOW, THEREFORE, the parties agree as follows:

 1. The following defined terms in Section 1.1 of the Agreement hereby are added, amended or restated as follows: 
 “Collateral” means the property described on Exhibit A attached hereto and all Negotiable Collateral to the extent not
described on Exhibit A, except to the extent any such property (i) is nonassignable by its terms without the consent of the licensor thereof or another party (but only to the extent such prohibition on transfer is enforceable under
applicable law, including, without limitation, Sections 9406 and 9408 of the Code), or (ii) the granting of a security interest therein is contrary to applicable law, provided that upon the cessation of any such restriction or prohibition, such
property shall automatically become part of the Collateral; provided that in no case shall the definition of “Collateral” exclude any Accounts, proceeds of the disposition of any property, or general intangibles consisting of rights to
payment. 
 “Second Convertible Offering” means the Borrower’s issuance of up to Seventy-Five Million Dollars
($75,000,000) in convertible notes and warrants to purchase common stock pursuant to the Second Convertible Offering Documents. 
 “Second Convertible Offering Documents” means that certain Securities Purchase Agreement, all Schedules and Exhibits thereto, the Notes and Warrants issuable thereunder, the Registration Rights Agreement, the Senior Notes Exchange
Agreements, and other instruments executed and delivered in connection therewith, all among the Borrower and the Buyers (as defined therein), all dated as of February 22, 2008, and all in form and content reasonably acceptable to Bank.

 2. The following sentence hereby is added to the end of Section 4.1 of the Agreement: 
 “Borrower also hereby agrees to not sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber any of
its intellectual property.” 
 3. Section 4.2 of the Agreement hereby is amended and restated in its entirety to read as follows:

 “4.2 Perfection of Security Interest. Borrower authorizes Bank to file at any time financing statements,
continuation statements, and amendments thereto that (i) either specifically describe the Collateral or describe the Collateral as all assets of Borrower of the kind pledged hereunder, and (ii) contain any other information required by the
Code for the sufficiency of filing office acceptance of any financing statement, continuation statement, or amendment, including whether Borrower is an organization, the type of organization and any organizational identification number issued to
Borrower, if applicable. Any such financing statements may be signed by Bank on behalf of Borrower, as provided in the Code, and may be filed at any time in any jurisdiction whether or not Revised Article 9 of the Code is then in effect in that
jurisdiction. Borrower shall from time to time endorse and deliver to Bank, at the request of Bank, all Negotiable Collateral and other documents that Bank may 

  

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reasonably request, in form satisfactory to Bank, to perfect and continue perfected Bank’s security interests in the Collateral and in order to fully
consummate all of the transactions contemplated under the Loan Documents. Borrower shall have possession of the Collateral, except where expressly otherwise provided in this Agreement or where Bank reasonably determines to perfect its security
interest by possession in addition to the filing of a financing statement. Where Collateral is in possession of a third party bailee, Borrower shall take such steps as Bank reasonably requests for Bank to (i) obtain an acknowledgment, in form
and substance satisfactory to Bank, of the bailee that the bailee holds such Collateral for the benefit of Bank, (ii) obtain “control” of any Collateral consisting of investment property, deposit accounts, letter-of-credit rights or
electronic chattel paper (as such items and the term “control” are defined in Revised Article 9 of the Code) by causing the securities intermediary or depositary institution or issuing bank to execute a control agreement in form and
substance satisfactory to Bank. Borrower will not create any chattel paper without placing a legend on the chattel paper acceptable to Bank indicating that Bank has a security interest in the chattel paper. Borrower from time to time may deposit
with Bank specific cash collateral to secure specific Obligations; Borrower authorizes Bank to hold such specific balances in pledge and to decline to honor any drafts thereon or any request by Borrower or any other Person to pay or otherwise
transfer any part of such balances for so long as the specific Obligations are outstanding.” 
 4. Section 5.4 of the Agreement
hereby is amended and restated in its entirety to read as follows: 
 “5.4 Intellectual Property. Borrower is the
sole owner of its patents, trademarks, copyrights and other intellectual property, except for non-exclusive licenses granted by Borrower to its customers in the ordinary course of business. To the best of Borrower’s knowledge, each of
Borrower’s patents, trademarks and copyrights is valid and enforceable, and no part of its intellectual property has been judged invalid or unenforceable, in whole or in part, and no claim has been made to Borrower that any part of its
intellectual property violates the rights of any third party except to the extent such claim could not reasonably be expected to cause a Material Adverse Effect.” 
 5. Section 6.7 of the Agreement hereby is amended and restated in its entirety to read as follows: 
 “6.7 Minimum Cash. Borrower shall at all times maintain a balance of Cash in Bank of not less than one and one half times (1.5x) all outstanding Indebtedness owed to Bank (including any issued and
undrawn Letters of Credit). If at any time, Borrower’s Cash on deposit with Bank is less than one and one half times (1.5x) all outstanding Indebtedness owed to Bank (including any issued and undrawn Letters of Credit), Borrower shall
pledge to Bank an amount of Cash equal to all outstanding Indebtedness owed to Bank (including any issued and undrawn Letters of Credit), and Borrower shall execute and deliver to Bank such documents as Bank may reasonably request to effect such
pledge.” 
 6. Notwithstanding any provision of the Agreement to the contrary, including but not limited to Section 7.4 thereof,
Bank hereby consents to Borrower’s execution, delivery and performance of the Second Convertible Offering Documents, and the documents for the call spread transaction in connection therewith. Further, the Indebtedness issued under the Second
Convertible Offering shall be deemed to be “Permitted Indebtedness” under the Agreement. 
 7. Section 7.5 of the Agreement
hereby is amended and restated in its entirety to read as follows: 
 “7.5 Encumbrances. Create, incur, assume or
allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts (as defined in the Code), or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree
with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to
any of Borrower’s property, or permit any Subsidiary to do so. 
 8. Exhibit A to the Agreement hereby is replaced in its entirety with
Exhibit A attached hereto. 
  

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 9. No course of dealing on the part of Bank or its officers, nor any failure or delay in the exercise of
any right by Bank, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right. Bank’s failure at any time to require strict performance by Borrower of any
provision shall not affect any right of Bank thereafter to demand strict compliance and performance. Any suspension or waiver of a right must be in writing signed by an officer of Bank. 
 10. Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby,
shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not
operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof. 
 11. Borrower represents and warrants that the Representations and Warranties contained in the Agreement are true and correct as of the date of this Amendment, and that no Event of Default has occurred and is continuing. 
 12. As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following:

 (a) this Amendment, duly executed by Borrower; 
 (b) a signed Acknowledgement in the form attached hereto as Annex A; 
 (c) a Certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this
Amendment; 
 (d) a UCC Amendment, amending the Collateral description to that set forth on Exhibit A hereto; 
 (e) all reasonable Bank Expenses incurred through the date of this Amendment, which may be debited from any of Borrower’s accounts;
and 
 (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

 13. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one instrument. 
 [Balance of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.

  

			
	VERENIUM CORPORATION
		
	By:	 	/s/ John A. McCarthy, Jr.
	Title:	 	Chief Financial Officer
	
	COMERICA BANK
		
	By:	 	/s/ Steven J. Stuckey
	Title:	 	Senior Vice President

 [Signature Page to Fifth Amendment to Loan and Security Agreement]

 ANNEX A 
 COMERICA BANK MERGER ACKNOWLEDGMENT 
 The undersigned is a party to certain documents, instruments and/or
agreements (collectively, the “Documents”) with or between the undersigned and Comerica Bank, a Michigan banking corporation (the “Merged Bank”). The Merged Bank has been, or will be, merged with and into Comerica Bank, a Texas
banking association (the “Surviving Bank”). The undersigned hereby acknowledges and agrees that any reference in the Documents to Comerica Bank, a Michigan banking corporation, shall mean Comerica Bank, a Texas banking association, as
successor by merger to the Merged Bank. 
  

					
	February 22, 2008	 		 	VERENIUM CORPORATION
			
		 		 	Chief Financial Officer
	 	 		 	Title (if applicable)
			
	 	 		 	/s/ John A. McCarthy, Jr.
	 	 		 	Signature
			
	 	 		 	John A. McCarthy, Jr.
	 	 		 	Name

  

 5 

			
	DEBTOR:	  	VERENIUM CORPORATION
		
	SECURED PARTY:	  	COMERICA BANK

 EXHIBIT A 
 COLLATERAL DESCRIPTION ATTACHMENT 
 TO LOAN AND SECURITY AGREEMENT 
 All personal property of Borrower (herein referred to as “Borrower” or “Debtor”) whether presently existing or hereafter created or
acquired, and wherever located, including, but not limited to: 
 (a) all accounts (including health-care-insurance
receivables), chattel paper (including tangible and electronic chattel paper), deposit accounts, documents (including negotiable documents), equipment (including all accessions and additions thereto), general intangibles (including payment
intangibles and software), goods (including fixtures), instruments (including promissory notes), inventory (including all goods held for sale or lease or to be furnished under a contract of service, and including returns and repossessions),
investment property (including securities and securities entitlements), letter of credit rights, money, and all of Debtor’s books and records with respect to any of the foregoing, and the computers and equipment containing said books and
records; and 
 (b) any and all cash proceeds and/or noncash proceeds of any of the foregoing, including, without limitation,
insurance proceeds, and all supporting obligations and the security therefor or for any right to payment. All terms above have the meanings given to them in the California Uniform Commercial Code, as amended or supplemented from time to time,
including revised Division 9 of the Uniform Commercial Code-Secured Transactions, added by Stats. 1999, c.991 (S.B. 45), Section 35, operative July 1, 2001. 
 Notwithstanding the foregoing, the Collateral shall not include any (i) capital stock, membership units or other securities in excess of 65% of such equity interests owned or held of record in any foreign
subsidiary of Borrower, or (ii) copyrights, patents, trademarks, servicemarks and applications therefor, now owned or hereafter acquired, or any claims for damages by way of any past, present and future infringement of any of the foregoing
(collectively, the “Intellectual Property”); provided, however, that the Collateral shall include all accounts and general intangibles that consist of rights to payment and proceeds from the sale, licensing or disposition of all or any
part, or rights in, the foregoing (the “Rights to Payment”). Notwithstanding the foregoing, if a judicial authority (including a U.S. Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is necessary to
have a security interest in the Rights to Payment, then the Collateral shall automatically, and effective as of September 30, 2005, include the Intellectual Property to the extent necessary to permit perfection of Bank’s security interest
in the Rights to Payment. 

 Corporation Resolutions and Incumbency Certification 
 Authority to Procure Loans 
 I certify that I am the
duly elected and qualified Secretary of VERENIUM CORPORATION; that the following is a true and correct copy of resolutions duly adopted by the Board of Directors of the Corporation in accordance with its bylaws and applicable statutes. 

Copy of Resolutions: 
 Be it Resolved, That: 
 1. Any one (1) of the following __________________________ (insert titles only) of the Corporation are/is authorized, for, on behalf of, and in the
name of the Corporation to: 
 (a) Negotiate and procure loans, letters of credit and other credit or financial accommodations
from Comerica Bank (“Bank”), a Texas banking association, including, without limitation, that certain Loan and Security Agreement dated as of September 30, 2005, as may subsequently be amended from time to time, including but not
limited to that certain Fifth Amendment to Loan and Security Agreement dated as of February 22, 2008. 
 (b) Discount
with the Bank, commercial or other business paper belonging to the Corporation made or drawn by or upon third parties, without limit as to amount; 
 (c) Purchase, sell, exchange, assign, endorse for transfer and/or deliver certificates and/or instruments representing stocks, bonds, evidences of Indebtedness or other securities owned by the Corporation, whether or
not registered in the name of the Corporation; 
 (d) Give security for any liabilities of the Corporation to the Bank by
grant, security interest, assignment, lien, deed of trust or mortgage upon any real or personal property, tangible or intangible of the Corporation; 
 (e) Issue a warrant or warrants to purchase the Corporation’s capital stock; and 
 (f)
Execute and deliver in form and content as may be required by the Bank any and all notes, evidences of Indebtedness, applications for letters of credit, guaranties, subordination agreements, loan and security agreements, financing statements,
assignments, liens, deeds of trust, mortgages, trust receipts and other agreements, instruments or documents to carry out the purposes of these Resolutions, any or all of which may relate to all or to substantially all of the Corporation’s
property and assets. 
 2. Said Bank be and it is authorized and directed to pay the proceeds of any such loans or discounts as directed by
the persons so authorized to sign, whether so payable to the order of any of said persons in their individual capacities or not, and whether such proceeds are deposited to the individual credit of any of said persons or not; 
 3. Any and all agreements, instruments and documents previously executed and acts and things previously done to carry out the purposes of these
Resolutions are ratified, confirmed and approved as the act or acts of the Corporation. 
 4. These Resolutions shall continue in force, and
the Bank may consider the holders of said offices and their signatures to be and continue to be as set forth in a certified copy of these Resolutions delivered to the Bank, until notice to the contrary in writing is duly served on the Bank (such
notice to have no effect on any action previously taken by the Bank in reliance on these Resolutions). 

 5. Any person, corporation or other legal entity dealing with the Bank may rely upon a certificate signed
by an officer of the Bank to effect that these Resolutions and any agreement, instrument or document executed pursuant to them are still in full force and effect and binding upon the Corporation. 
 6. The Bank may consider the holders of the offices of the Corporation and their signatures, respectively, to be and continue to be as set forth in the
Certificate of the Secretary of the Corporation until notice to the contrary in writing is duly served on the Bank. 
 I further certify that the above
Resolutions are in full force and effect as of the date of this Certificate; that these Resolutions and any borrowings or financial accommodations under these Resolutions have been properly noted in the corporate books and records, and have not been
rescinded, annulled, revoked or modified; that neither the foregoing Resolutions nor any actions to be taken pursuant to them are or will be in contravention of any provision of the articles of incorporation or bylaws of the Corporation or of any
agreement, indenture or other instrument to which the Corporation is a party or by which it is bound; and that neither the articles of incorporation nor bylaws of the Corporation nor any agreement, indenture or other instrument to which the
Corporation is a party or by which it is bound require the vote or consent of shareholders of the Corporation to authorize any act, matter or thing described in the foregoing Resolutions. 
 I further certify that the following named persons have been duly elected to the offices set opposite their respective names, that they continue to hold these offices at
the present time, and that the signatures which appear below are the genuine, original signatures of each respectively: 
 (PLEASE SUPPLY
GENUINE SIGNATURES OF AUTHORIZED SIGNERS BELOW) 
  

					
	 NAME (Type or Print)
	  	TITLE	  	 SIGNATURE

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

 In Witness Whereof, I have affixed my name as Secretary and have caused the corporate seal (where available) of
said Corporation to be affixed on February 22, 2008. 
  

	
	
	  
	Secretary

  

			
	The Above Statements are Correct.	 	 
		 	SIGNATURE OF OFFICER OR DIRECTOR OR, IF NONE, A SHAREHOLDER OTHER THAN SECRETARY WHEN SECRETARY IS AUTHORIZED TO SIGN ALONE.

 Failure to complete the above when the Secretary is authorized to sign alone shall constitute a certification
by the Secretary that the Secretary is the sole Shareholder, Director and Officer of the Corporation.

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