Document:

Blueprint

 

EXHIBIT 10.2

 

SECURITY AGREEMENT

 

This
Security Agreement, dated as of January 31st , 2018 (as amended,
supplemented or otherwise modified from time to time in accordance
with the provisions hereof, this “Agreement”), is made by SpendSmart
Networks, Inc., a California corporation (the “Grantor”), in favor of SpendSmart
Networks, Inc., a Delaware corporation (the “Secured Party”).

 

WHEREAS, as of the
date hereof, Eclipse Marketing LLC, a Delaware limited liability
company (“Company”), owns all of the issued
and outstanding shares of stock of the Grantor;

 

WHEREAS, on the
date hereof, the Secured Party has entered into a Secured
Promissory Note with the Company with an aggregate unpaid principal
amount of $750,000 (such note, the “Note”); and

 

WHEREAS, this
Agreement is given by the Grantor in favor of the Secured Party to
secure the payment and performance of all of the Secured
Obligations.

 

NOW,
THEREFORE, in consideration of the mutual covenants, terms and
conditions set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

 

1.       
    Definitions. For purposes of
this Agreement, the following terms shall have the following
meanings:

 

“Collateral” has the meaning set
forth in Section 2.

 

“Event of Default” means the
failure by the Company to make a payment that becomes due and owing
under the Note within fifteen days after receipt by the Company
from the Secured Party of such payment being overdue pursuant to
the terms of the Note.

 

“Proceeds” means
“proceeds” as such term is defined in the UCC and, in
any event, shall include, without limitation, all dividends or
other income from the Collateral, collections thereon or
distributions with respect thereto.

 

“Secured Obligations” has the
meaning set forth in Section 3.

 

“UCC” means the Uniform Commercial
Code as in effect from time to time in the State of Michigan or,
when the laws of any other state govern the method or manner of the
perfection or enforcement of any security interest in any of the
Collateral, the Uniform Commercial Code as in effect from time to
time in such state.

 

2.           Grant
of Security Interest. The Grantor hereby pledges and grants
to the Secured Party, and hereby creates a continuing lien and
security interest in favor of the Secured Party in and to all of
its right, title and interest in and to the following, wherever
located, whether now existing or hereafter from time to time
arising or acquired (collectively, the “Collateral”):

 

(a)           all
fixtures and personal property of every kind and nature including
all accounts, goods, documents, instruments, promissory notes,
chattel paper (whether tangible or electronic), letters of credit,
letter-of-credit rights, securities and all other investment
property, general intangibles (including all payment intangibles),
money, deposit accounts, and any other contract rights or rights to
the payment of money; and

 

(b)           all
Proceeds and products of each of the foregoing, all books and
records relating to the foregoing, all supporting obligations
related thereto, and all accessions to, substitutions and
replacements for, and rents, profits and products of, each of the
foregoing, and any and all Proceeds of any insurance, indemnity,
warranty or guaranty payable to the Grantor from time to time with
respect to any of the foregoing.

 

 

 

 

 

 

3.           Secured
Obligations. The Collateral secures the due and prompt
payment and performance of the obligations of the Company under the
Note (all such obligations being herein collectively called the
“Secured
Obligations”).

 

4.           Perfection
of Security Interest and Further Assurances.

 

(a)           The
Grantor hereby irrevocably authorizes the Secured Party at any time
and from time to time to file in any relevant jurisdiction any
financing statements and amendments thereto that contain the
information required by Article 9 of the UCC of each applicable
jurisdiction for the filing of any financing statement or amendment
relating to the Collateral, including any financing or continuation
statements or other documents for the purpose of perfecting,
confirming, continuing, enforcing or protecting the security
interest granted by the Grantor hereunder, without the signature of
the Grantor where permitted by law, including the filing of a
financing statement describing the Collateral as all assets now
owned or hereafter acquired by the Grantor, or words of similar
effect.

 

(b)           The
Grantor agrees that at any time and from time to time, at the
expense of the Secured Party, the Grantor will promptly execute and
deliver all further instruments and documents, obtain such
agreements from third parties, and take all further action, that
the Secured Party may reasonably request, in order to create and/or
maintain the validity, perfection or priority of and protect any
security interest granted or purported to be granted hereby or to
enable the Secured Party to exercise and enforce its rights and
remedies hereunder or under any other agreement with respect to any
Collateral.

 

5.           Voting
and Distributions.

 

(a)           The
Secured Party agrees that unless an Event of Default shall have
occurred and be continuing, the Grantor may, to the extent the
Grantor has such right as a holder of the Collateral consisting of
securities, other equity interests or indebtedness owed by any
obligor, vote and give consents, ratifications and waivers with
respect thereto, and from time to time, upon request from the
Grantor, the Secured Party shall deliver to the Grantor suitable
proxies so that the Grantor may cast such votes, consents,
ratifications and waivers.

 

(b)           The
Secured Party agrees that the Grantor may, unless an Event of
Default shall have occurred and be continuing, receive and retain
all dividends and other distributions with respect to the
Collateral consisting of securities, other equity interests or
indebtedness owed by any obligor.

 

6.           Remedies
Upon Default. If any Event of Default shall have occurred
and be continuing, the Secured Party, without any other notice to
or demand upon the Grantor, may assert all rights and remedies of a
secured party under the UCC or other applicable law, including,
without limitation, the right to take possession of, hold, collect,
sell, lease, deliver, grant options to purchase or otherwise
retain, liquidate or dispose of all or any portion of the
Collateral. If notice prior to disposition of the Collateral or any
portion thereof is necessary under applicable law, written notice
mailed to the Grantor at its notice address as provided in Section
8 hereof thirty days prior to the date of such disposition shall
constitute reasonable notice, but notice given in any other
reasonable manner shall be sufficient. So long as the sale of the
Collateral is made in a commercially reasonable manner, the Secured
Party may sell such Collateral on such terms and to such
purchaser(s) as the Secured Party in its absolute discretion may
choose, without assuming any credit risk and without any obligation
to advertise or give notice of any kind other than that necessary
under applicable law.

 

7.           Amendments.
None of the terms or provisions of this Agreement may be amended,
modified, supplemented, terminated or waived, and no consent to any
departure by the Grantor therefrom shall be effective unless the
same shall be in writing and signed by the Secured Party and the
Grantor, and then such amendment, modification, supplement, waiver
or consent shall be effective only in the specific instance and for
the specific purpose for which made or given.

 

 

 

2

 

 

 

8.           Addresses
For Notices. All notices and other communications provided
for in this Agreement shall be in writing and shall be given in the
manner and become effective as set forth in the Note, and addressed
to the respective parties at their addresses as specified on the
signature pages hereof or as to either party at such other address
as shall be designated by such party in a written notice to each
other party (it being understood that notices and other
communications addressed to the Grantor and delivered to the
Company in accordance with the Note shall be deemed to be in
compliance with this Section as a notice and/or other communication
delivered to the Grantor).

 

9.           Continuing
Security Interest; Further Actions. This Agreement shall
create a continuing lien and security interest in the Collateral
and shall (a) subject to Section 10, remain in full force and
effect until payment and performance in full of the Secured
Obligations, (b) be binding upon the Grantor, its successors and
assigns, and (c) inure to the benefit of the Secured Party and its
successors, transferees and assigns.

 

10.           Termination;
Release. On the date on which all Secured Obligations have
been paid and performed in full, the Secured Party will, at the
request of the Grantor, (a) duly assign, transfer and deliver to or
at the direction of the Grantor (without recourse and without any
representation or warranty) such of the Collateral as may then
remain in the possession of the Secured Party, together with any
monies at the time held by the Secured Party hereunder, and (b)
execute and deliver to the Grantor a proper instrument or
instruments acknowledging the satisfaction and termination of this
Agreement and the rights granted hereunder.

 

11.           Governing
Law. This Agreement and the Note and any claim, controversy,
dispute or cause of action (whether in contract or tort or
otherwise) based upon, arising out of or relating to this Agreement
or the Note and the transactions contemplated hereby and thereby
shall be governed by the laws of the State of Michigan without
giving effect to any choice or conflict of law provision or rule
(whether of the State of Michigan or any other
jurisdiction).

 

12.           Arbitration.
Except for claims seeking injunctive or other equitable relief, any
controversy or claim arising out of or relating to this Agreement
or the Note or a breach of either of the foregoing, shall be
settled by binding arbitration in Detroit, Michigan (or such other
location as may be agreed to by the parties) to be administered by
the American Arbitration Association (“AAA”) in accordance with its
then-prevailing Commercial Rules of Arbitration. Each Party shall
select an arbitrator from a list provided by the AAA that is
mutually satisfactory to them. If the Parties are unable to agree
on an arbitrator, then each (i.e., the Grantor on the one hand and
the Secured Party on the other) shall choose an arbitrator from a
list provided by the AAA. The two arbitrators so selected shall
then select a third arbitrator mutually satisfactory to them from
the list provided by the AAA. The single arbitrator so selected by
the aforesaid procedure shall hear the dispute and decide it. The
arbitrator selected shall not be a present or former officer,
employee, consultant or representative of any of the parties or any
of their affiliates. The arbitrator shall have a background and
training in the general areas of law covered by this Agreement and
the Note. The arbitrator shall have the right to award costs, fees
and expenses, including, without limitation, the arbitrator’s
fees and reasonable attorneys’ fees, to the prevailing party.
A party shall be entitled to have a judgment entered on the
determination or decision of the arbitrator in any court of
competent jurisdiction. The award of the arbitrator shall be
binding and final on all parties. EACH PARTY ACKNOWLEDGES AND
AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR
THE NOTE IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND,
THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL
ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE NOTE OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS
AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE
EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE
IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER
VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

 

13.           Counterparts.
This Agreement and any amendments, waivers, consents or supplements
hereto may be executed in counterparts (and by different parties
hereto in different counterparts), each of which shall constitute
an original, but all taken together shall constitute a single
contract. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile or in electronic (i.e.,
“pdf” or “tif”) format shall be effective
as delivery of a manually executed counterpart of this Agreement.
This Agreement and the Note constitute the entire contract among
the parties with respect to the subject matter hereof and supersede
all previous agreements and understandings, oral or written, with
respect thereto.

 

[SIGNATURE
PAGE FOLLOWS]

 

 

 

3

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

 

SpendSmart
Networks, Inc., as Grantor

 

By____________________

 

Name:
Michael C. Skaff

 

Title:
Authorized Person

 

Address
for Notices: 300 Park Street,

Suite
400, Birmingham, MI 48009

 

 

 

SpendSmart
Networks, Inc.,

as
Secured Party

 

By:__________________

 

Name:
Luke Wallace

 

Title:
Chief Executive Officer

 

Address
for Notices: 805 Aerovista,

Suite
205, San Luis Obispo, CA 93401

 

 

 

 

4EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement and General Release (“Release”) is between Faraz Ali (“Employee”) and REGENXBIO Inc.
(“REGENXBIO” or “Employer”), dated the 5th day of January 2018. 
 WHEREAS, Employee has been employed by Employer as
its Chief Business Officer, an at-will employee, located at Employer’s office in Rockville, Maryland; 
 WHEREAS, on January 5,
2018, by mutual agreement, Employee and Employer agreed that Employee’s employment with Employer will terminate effective January 5, 2018; 

WHEREAS, the parties desire to enter into this Release to effectuate the termination of Employee’s employment with Employer pursuant to
the terms of this Release; 
 NOW, THEREFORE, in consideration of the mutual promises set forth below, the parties agree as follows: 

1.    Termination of Employment. Employee’s employment with Employer will terminate on January 5, 2018
(the “Termination Date”). 
 2.    Payment 

(a)    Employee will be paid his regular salary for the period up to and including the Termination Date. The Employer will
also pay Employee in his final paycheck for any remaining accrued but unused Paid Time Off (PTO) to which he remains entitled as of the Termination Date. Further, the Employer will pay Employee the amount of annual incentive bonus to which Employee
is entitled as of the Termination Date, based upon the criteria established in advance by the REGENXBIO Board or the Compensation Committee. The Employer will pay Employee for such incentive bonus a lump-sum payment of one hundred seven thousand
fifty nine dollars ($107,059), less lawful deductions, including for state and federal withholding and employment taxes, which shall be paid on or before March 2, 2018. The Company hereby waives the requirement that any incentive bonus earned
by you shall be paid to you only if you remain employed through the payment date of the bonus. Employee expressly acknowledges that once he has received payment for 

 
his regular salary through the Termination Date, payment for his PTO, and payment for his annual incentive bonus, he will have received all moneys owed to him for his current compensation, and he
is not entitled to any further compensation of any kind, having received all salary, incentive compensation, bonuses, and benefits to which Employee was entitled by virtue of employment with Employer through the Termination Date, including payment
for all accrued and unused paid time off, overtime pay and business expense reimbursements, if any. No further consideration will be provided to Employee except as set forth in paragraph 2(b). 

(b)    Provided that Employee has not revoked this Release pursuant to paragraph 13 below and complies with all terms and
conditions of this Release, Employer shall provide Employee with the following benefits (“Severance Benefits”): 

(i)    Employer shall pay Employee salary continuation for up to nine months in the aggregate gross amount of Two Hundred
Thirty Eight Thousand, Three Hundred Fifty Nine Dollars ($238,359.00), less applicable withholdings and deductions (the “Salary Continuation”) Employer shall issue the Salary Continuation payments bi-weekly payable in accordance with
Employer’s standard payroll practices, less applicable withholdings and deductions, starting on Employer’s first payroll date that is at least 10 days after the date on which Employer receives this signed Release from Employee.
Notwithstanding the foregoing, Employer’s obligation to issue the Salary Continuation payments to Employee shall cease on the date that Employee commences employment with any other person or entity during the period that Salary Continuation
payments are being made. 
 (ii)    Following the Termination Date, Employee may participate in the medical, dental and
vision plans of Employer, as such plans may be amended from time to time, in accordance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”). If Employee timely elects to continue medical, dental or
vision coverage pursuant to 

  
 2 

 
COBRA, and provided that Employee has not revoked this Release pursuant to paragraph 13 below, Employer shall pay the monthly premium payments for Employee’s participation in COBRA
continuation coverage during the 9-month period following the Termination Date. Employee shall have no right to participate in such plans under COBRA or receive Employer-paid COBRA benefits beyond the period provided under COBRA. Notwithstanding the
foregoing, Employee’s eligibility for Employer-paid COBRA shall cease as of the date Employee is offered participation in substantially equivalent coverage under another group plan in connection with new employment or self-employment.
Employee’s coverage under all other Employer benefit plans shall terminate as of the Termination Date. 

(c)    Employee is obligated to inform Employer immediately if he becomes employed by any other person or entity at any
point during the latter of the first 9 months following the Termination Date or the period during which Employee is receiving Salary Continuation. Employee expressly agrees and acknowledges that the Severance Benefits are not otherwise due or owing
to Employee absent Employee’s execution of this Release. 
 (d)    Employee’s eligibility to post-termination
indemnification from Employer shall be limited to those rights granted to Employee under the Indemnity Agreement between Employee and Employer dated as of March 2, 2016. 

(e)    Employee agrees that other than as expressly stated in this Paragraph 2, Employee will not seek anything further
from Employer, including any other payment. Employee further agrees that except as expressly set forth in this Release, Employee is not entitled to any benefits, wages, bonuses, commissions, compensation, expense reimbursements or other payments.
Any options that may have been granted to Employee shall be governed by the terms of the applicable option Agreement and Employer’s 2014 Stock Plan. 

  
 3 

 3.    Return of Property and Confidentiality of Information. 

(a)    Employee agrees to immediately return to Employer (1) all materials belonging to Employer, including
documents, correspondence, plans, records, notes, drawings, software, files (computer or hard copy), confidential information or papers and any copies thereof in Employee’s possession or control, including in particular all documents,
correspondence, plans, records, notes, drawings, software, files (computer or hard copy), or papers and any copies thereof Employee has relating to Employer’s customers, vendors, finances, processes, methods of operation, research or
development, that was made, compiled by, delivered to or received by Employee during or as a result of employment with Employer; and (2) all other property of the Employer, including all identification cards and passwords, credit or charge
cards, Employer telephones, pagers, computers, printers or other equipment and keys. Employee shall continue to safeguard and will not disclose to any third party any confidential or proprietary information of Employer, including but not limited to
any trade secrets, business or operation plans, strategies, prospects or objectives, products, technology, formulas, processes or specifications. Employee’s obligations under this Paragraph 3 shall continue indefinitely. Employee’s
obligations under this Paragraph 3 shall be a condition precedent to Employer’s obligation to provide Employee with the Separation Consideration. 

(b)    Employee will continue to abide by his obligations to Employer pursuant to the Proprietary Information and
Inventions Agreement between Employee and Employer dated as of February 29, 2016 (the “Proprietary Information Agreement”), which shall survive execution of this Release according to its stated terms; provided, however, that the
phrase “1 year” in the first sentence of section 4(d) of the Proprietary Information Agreement shall be replaced with the phrase “9 months.” 

  
 4 

 4.    Employee’s Release and Waiver of Claims. 

(a)    “Released Parties” means Employer and its “Related Entities”, Related Entities being defined to
include successors in name, successors in interest, assigns, predecessors in name, predecessors in interest, shareholders, present and former parents, subsidiaries, related corporations, partners, joint ventures, and affiliates, past and present
directors, trustees, officers, agents, insurers, attorneys and employees of Employer and these companies, and any and all employee pension or welfare benefit plans of Employer and these companies, including current and former trustees and
administrators of these plans. 
 (b)    Employee hereby releases the Released Parties from all claims and rights that
Employee has against any and all Released Parties, including, but not limited to, those claims of which Employee is not aware, those not mentioned in this Release, and all claims for attorneys’ fees, costs, and interest. This Release applies to
claims and rights resulting from anything that has happened up to now. This Release does not apply to claims arising after the date of this Release. 

(c)    Employee specifically releases all claims and rights arising from or relating to Employee’s employment or
other relationship with the Released Parties and the termination of that employment, including but not limited to any claims or rights Employee may have under the Civil Right Act of 1866, the Civil Rights Act of 1964, as amended, and the Civil
Rights Act of 1991, 42 U.S.C.§§1981, 1983 and 1985, the Age Discrimination in Employment Act, as amended, the Older Workers Benefit Protection Act, the Americans with Disabilities Act, as amended, the Rehabilitation Act of 1973, the Family
and Medical Leave Act, Section 1981 of the Civil Rights Act of 1866, the Uniformed Services Employment and Reemployment Rights Act of 1994, the federal Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security
Act of 1974, as amended, the federal Equal Pay Act, the Consolidated Omnibus Budget Reconciliation Act of 1985, the Occupational Safety and Health Act of 1970, the Fair Credit Reporting Act, the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street
Reform and Consumer Protection 

  
 5 

 
Act, the False Claims Act, the Health Insurance Portability and Accountability Act of 1996, the Maryland Fair Employment Practices Act, the Maryland Antidiscrimination Act of 2001, the Maryland
Parental Leave Act, the Maryland Flexible Leave Act, the Montgomery County Code and any other federal, state, local or foreign laws against discrimination, or any other federal, state, local or foreign law or common law relating to employment,
wages, hours, or any other terms and conditions of employment. Employee further releases any claim for wrongful discharge, defamation, breach of contract, or torts, any claims for wages or other compensation, including but not limited to salary,
bonuses, and vacation pay, and any other claims in any way related to Employee’s employment or termination of employment with Employer. Employee further agrees to forever refrain from seeking employment with Employer. By signing this Agreement,
Employee also agrees that he has not suffered any injuries or occupational diseases relating to or arising out of his employment with Employer which would be compensable under the Maryland Workers’ Compensation Act and that he has received all
wages (including any commissions or overtime pay, as applicable) and leave to which he was entitled as an employee of Employer and that he is not aware of any facts or evidence of any discrimination or retaliation by Employer or any Released Party.
Further, by signing this Agreement, Employee also expressly acknowledges and represents that he is not currently aware of any facts or circumstances constituting a violation of the Family and Medical Leave Act of 1993 or the Fair Labor Standards
Act, or any similar state law. Employee specifically acknowledges that he releases and waives any claim for any attorneys’ fees, costs and expenses. 

(d)    Employee agrees not to file, join in or prosecute any lawsuits against Employer and/or the Released Parties,
concerning any matter in any way arising out of or relating in any way to any matter, act, occurrence, omission, practice, conduct, policy, event, or transaction on or before the date of this Agreement. By signing this Agreement, Employee agrees
not to sue Employer and/or the Released Parties for anything arising up until the date of this Agreement. Although Employee is not precluded from initiating, 

  
 6 

 
cooperating or participating in a lawful governmental administrative investigation, to the maximum extent permitted by law, Employee expressly waives his right to any monetary recovery or any
other individual relief in connection with any administrative investigation or charge or should any federal, state or local administrative agency or any other person pursue any claims on his behalf arising out of or related to his employment or the
ending of his employment with Employer concerning any matter released herein. Employee represents and warrants that he does not presently have on file any claim, charge, grievance, or complaint against Employee or any of the Released Parties in or
with any administrative, state, federal, or governmental entity, agency, board, or court or before any other tribunal, panel or arbitrators, public or private, based upon any actions or omissions by Employer or any of the Released Parties occurring
prior to his execution of this Agreement. This Release does not limit Employee’s right to receive an award for information provided to the Securities and Exchange Commission. In addition, this Release does not release any statutory claims that
cannot be released by Employee as a matter of law, does not limit Employee from filing a lawsuit for the purpose of enforcing his contractual rights under this Agreement, and does not limit Employee from exercising any rights he may have to vested
benefits under a pension plan. 
 5.    Binding Effect. This Release is binding upon and shall inure to the
benefit of anyone who succeeds to the rights, interests or responsibilities of the parties. Employee makes the releases contained in this Release for the benefit of the Released Parties and all who succeed to their rights, interests, or
responsibilities. 
 6.    Enforceability. If a court rules that any provision of this Release is not enforceable
in the manner set forth in this Release, that provision should be enforceable to the maximum extent possible under applicable law and should be reformed accordingly. If a court rules that any provision of this Release is invalid or unenforceable,
that ruling shall not affect the validity or enforceability of the other portions of this Release, which shall continue in full force and effect. 

  
 7 

 7.    Entire Agreement. This Release is the entire agreement between
Employee and Employer. It supersedes any existing oral or written agreements with respect to Employee’s employment with Employer, except for the Proprietary Information Agreement, Indemnity Agreement and any option agreement between Employer
and Employee, which shall continue in accordance with their stated terms. No representations regarding the Released Parties’ relationship with Employee, or any obligations to Employee, have been made, or survive, except as set forth in this
Release. 
 8.    Amendment. This Release cannot be amended, except by a written document signed by the party
against whom enforcement of any such amendment is sought. 
 9.    Legal Counsel. Employee has had ample time to
consult with an attorney before signing this Release and acknowledges having been advised to consult with an attorney before signing this Release. 

10.    Confidentiality, Non-Disparagement, and Compromise. 

(a)    Employee agrees that the existence of and the terms and conditions of this Release shall forever remain
confidential as between the parties and Employee shall not disclose them to any other person, provided however that Employee may disclose the terms and conditions of this Release to Employee’s attorney, accountant, financial advisor, spouse,
tax authorities, a lender in connection with an application by Employee for a loan, to a state agency in connection with an application by Employee for unemployment compensation benefits or as required or permitted by law. Without limiting the
generality of the foregoing, Employee specifically agrees not to disclose information regarding this Release to any current, former or future employee of Employer. 

  
 8 

 (b)    Employee agrees not to disparage or make any disparaging remarks or
send to any person any disparaging communication concerning Employer and the Released Parties. Employer shall respond to any reference request regarding Employee made to Employer’s Human Resources Department by confirming Employee’s dates
of employment with Employer and the title of the last position held by Employee. Nothing in this Release shall prohibit Employee from communicating with any federal government agency about Employer or the Released Parties. The provisions of this
paragraph 10(b) shall not be applicable to any statement by Employee or Employer in response to legal process, in connection with an action to enforce this Release. 

(c)    The Parties agree and acknowledge that this Release is the result of a compromise and shall never be construed as
an admission of liability, wrongdoing or responsibility on the part of Employer or the Released Parties, who expressly deny any such liability, wrongdoing or responsibility. 

11.    Full Understanding. Employee has read this Release carefully, fully understands the meaning of its terms,
and is signing this Release knowingly and voluntarily 
 12.    Governing Law. This Release shall be governed by
and interpreted in accordance with the laws of the State of Maryland, without regard to its principles of conflicts of law. Any action relating to this Release shall be instituted in the State of Maryland and the parties agree to submit to the
exclusive jurisdiction of the state and federal courts of Maryland for this purpose. In the event of any lawsuit seeking to enforce the terms of this Release, the parties agree that: (a) this Release shall be confidential and may not be filed
with the Court except under seal and only to the extent necessary to seek enforcement thereof; and (b) any such lawsuit will be heard without a jury and Employee and Employer each waive their right to a jury in any such lawsuit. 

  
 9 

 13.    Period for Consideration. Employee shall have 21 days to
consider this Release. Employee may elect, at Employee’s option, to sign this Release in a shorter period of time. Employee may revoke this Release within 7 days of signing it. Any revocation must be made by delivering written notice of
revocation to REGENXBIO Inc., ATTN: Shiva Fritsch, Senior Vice President Human Resources, 9600 Blackwell Road, Suite 201, Rockville, MD 20850. To be effective, any revocation of this Release must be in writing and received by Employer no later than
the close of business on the 7th day after Employee signs this Release. This Release shall not become effective or enforceable until the expiration of 7 days after Employee signs this Release.

 [THIS SPACE INTENTIONALLYLEFT BLANK—SIGNATURE PAGE FOLLOWS] 

  
 10 

 The Parties have executed this Severance Agreement and General Release on the date set forth
below each Party’s signature: 
  

									
	Employee	 		 	REGENXBIO INC.
					
		 	/s/ Faraz Ali	 		 	BY:	 	/s/ Kenneth T. Mills
		 	FARAZ ALI	 		 		 	Kenneth T. Mills
		 		 		 		 	President & CEO
					
		 	1/26/18	 		 		 	1/26/18
		 	Date	 		 		 	Date

  
 11

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