Document:

EX-10.1

 Exhibit 10.1 
  

 
 OFFER LETTER 

Charles Constanti 
 [PRIVATE ADDRESS] 

Dear Charles: 
 I am pleased to offer you a
position with CareDx, Inc. (the “Company”) as Chief Financial Officer, reporting to Peter Maag, President and CEO, beginning April 6, 2016. This position is a full-time, exempt position, based at our headquarters in
Brisbane, California. 
 Effective upon commencement of your full-time employment at the Company you will receive an annualized salary of
three hundred-twenty-five thousand dollars $325,000 paid on a semi-monthly basis on our regular paydays. Deductions required by law or authorized by you will be taken from each paycheck. 

Additionally, you will be eligible to participate in our variable performance bonus plan, which has a current annual target of 35% of
your base salary. You must be employed at the time of payout and the amount is subject to all state and federal taxes. 
 As a Company
employee, you are also eligible to receive certain employee benefits pursuant to the terms of Company benefit plans as described in the Employee Handbook. You should note that the Company may modify, in its sole discretion, job titles,
salaries, holidays, vacation and any other benefits from time to time as it deems necessary. 
 Subject to the approval of the Board of
Directors of the Company, you will be granted an option to purchase 40,000 shares of the Company’s Common Stock. This option shall vest, subject to your continued employment with the Company, as to one fourth (1/4) of the shares on
the one year anniversary of your start date, and as to an additional one forty-eighth (1/48th) of the total number of shares subject to the option at the end of each calendar month thereafter. Details of the price of these options will be
provided in your stock option grant and determined by the board of directors. 
 You should be aware that your employment with the Company
is for no specified period and constitutes at will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time,
with or without cause. 
 For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of
your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our 

 
employment relationship with you may be terminated. Your employment also is subject to successful verification of your professional references, and to our standard pre-employment process, which
includes completion of an employment application and successful completion of a standard background check.
 As a condition to your
employment with the Company, you will be required to sign the Company’s standard At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement, a copy of which will be provided to you. 

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that
may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you
represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which
the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential
information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such
disputes shall be fully and finally resolved by binding arbitration conducted by the American Arbitration Association in San Mateo County, California. 

REMAINDER OF PAGE 
 INTENTIONALLY
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 -2- 

 This letter, along with the CareDx At-Will Employment, Confidential Information, Invention
Assignment, and Arbitration Agreement, sets forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may be executed in any number of counterparts, each of
which shall be an original, but all of which together shall constitute one instrument. This letter may not be modified or amended except by a written agreement, signed by the Company and by you. To accept this offer, you may sign, date, and fax
this letter to Charon Spencer, Sr. Director, Human Resources, at (415) 287-2457. Alternatively, you may scan a copy of the signed offer letter and e-mail it to cspencer@CareDx.com. 

We look forward to working with you at CareDx, Inc. 

 

	
	Sincerely,
	
	CareDx, Inc.
	
	 /s/ Peter Maag

	Peter Maag
	President and CEO

  

	
	ACCEPTED AND AGREED TO this
	
	6th day of April, 2016.
	
	 /s/ Charles Constanti

	Charles Constanti

  
 -3-EX-10.1

 Exhibit 10.1 
  

 
  
 U.S. SMALL
BUSINESS ADMINISTRATION OFFICE OF INVESTMENT & INNOVATION 
 409 THIRD STREET, SW, SUITE 6300 

WASHINGTON, D.C. 20416 
 COMMITMENT LETTER 
 RECElVED 

APR 0 5 2016 
 License No. 05/05-5134 
 MAR 30 20 16 

Mr. Dean Pickerell 
 Medallion Capital, Inc. 
 3000 West County Rd. 42,
Suite 301 
 Burnsville, MN 55337 
 Dear Mr. Pickerell: 
 The Small Business
Administration (“SBA”) is hereby committing to reserve Leverage (as defined in Title 13 ofthe Code ofFederal Regulations (“13 CFR”) 107.50) in the form of guaranteed Debentures in an amount equal to $10,000.000.00, to be issued
by Medallion Capital Inc. (the “Company”) on or prior to September 30, 2020, subject to the terms and conditions set forth in this Commitment Letter and in 13 CFR 107.1200-1240. As used herein, terms which are defined in 13 CFR Part 107
shall have the meanings assigned to them therein. 
 SBA may limit the amounts that may be drawn each year under
this Commitment Letter. Each issuance of Leverage under this Commitment Letter is conditioned upon the Company’s creditworthiness (as determined by SBA) and the Company’s full compliance (as determined by SBA) with each of the other terms
and conditions set forth in 13 CFR 107.1200-1240. 
 This Commitment Letter shall terminate automatically at
5:00P.M. Eastern Time on September 
 30, 2020. You must pay to SBA a non-refundable leverage fee in the amount
of $100,000.00 within thirty days of the date of this letter or prior to your first draw against this commitment, whichever occurs earlier. The remaining portion of the leverage fee, in the amount of 

$200,000.00, will be deducted pro-rata as commitment proceeds are drawn. 

By its acceptance of this Commitment Letter, the Company agrees to pay, indemnify and hold SBA harmless from and against
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to or arising out of this Commitment Letter. 

This Commitment Letter is subject to the provisions of Part 107 of Title 13 of the Code of Federal Regulations, including
without limitation 13 CFR 107.1200-1240, which are incorporated herein by reference.U.S. SMALL BUSINESS ADMINISTRATION OFFICE OF INVESTMENT & INNOVATION 
 409 THIRD STREET, SW, SUITE 6300 
 WASHINGTON, D.C.
20416 
 COMMITMENT LETTER 
 RECElVED 
 APR 0 5 2016 

License No. 05/05-5134 
 MAR 30 20 16 
 Mr. Dean Pickerell 

Medallion Capital, Inc. 
 3000 West County Rd. 42, Suite 301 
 Burnsville, MN
55337 
 Dear Mr. Pickerell: 
 The Small Business Administration (“SBA”) is hereby committing to reserve Leverage (as defined in Title 13 ofthe Code ofFederal Regulations (“13 CFR”) 107.50) in the
form of guaranteed Debentures in an amount equal to $10,000.000.00, to be issued by Medallion Capital Inc. (the “Company”) on or prior to September 30, 2020, subject to the terms and conditions set forth in this Commitment Letter and in 13
CFR 107.1200-1240. As used herein, terms which are defined in 13 CFR Part 107 shall have the meanings assigned to them therein. 
 SBA may limit the amounts that may be drawn each year under this Commitment Letter. Each issuance of Leverage under this Commitment Letter is conditioned upon the Company’s
creditworthiness (as determined by SBA) and the Company’s full compliance (as determined by SBA) with each of the other terms and conditions set forth in 13 CFR 107.1200-1240. 

This Commitment Letter shall terminate automatically at 5:00P.M. Eastern Time on September 

30, 2020. You must pay to SBA a non-refundable leverage fee in the amount of $100,000.00 within thirty days of the date of
this letter or prior to your first draw against this commitment, whichever occurs earlier. The remaining portion of the leverage fee, in the amount of $200,000.00, will be deducted pro-rata as commitment proceeds are drawn. 

This Commitment Letter is subject to the provisions of Part 107 of Title 13 of the Code of Federal Regulations, including
without limitation 13 CFR 107.1200-1240, which are incorporated herein by reference. 

 

 
  
 This
Commitment Letter has been issued in reliance upon the written representations and certifications made by the Company to SBA in connection with its application for a commitment. This Commitment Letter shall be governed by, and construed in
accordance with, federal law. 
 Two originals of this Commitment Letter are provided so that one may be retained
by the 
 Company and the other returned to this Office, Attention: Andrew Hogue. 

U.S. Small Business Administration 
 Agreed and Accepted: Medallion Capital, Inc. 
 By:

 Mark alsh 
 Associate Administrator 
 for Investment &
Innovation 
 Date:

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