Document:

Business Financing Modification Agreement

 Exhibit 4.8A 
 BUSINESS FINANCING MODIFICATION AGREEMENT 
 This Business Financing
Modification Agreement is entered into as of March 31, 2011, by and between Fluidigm Corporation (the “Borrower”) and Bridge Bank, National Association (“Lender”). 
 1.       DESCRIPTION OF EXISTING INDEBTEDNESS: Among other indebtedness which may be owing by Borrower to Lender, Borrower is indebted to Lender pursuant to, among
other documents, a Business Financing Agreement, dated December 16, 2010 by and between Borrower and Lender, as may be amended from time to time (the “Business Financing Agreement”). Capitalized terms used without definition herein
shall have the meanings assigned to them in the Business Financing Agreement. 
 Hereinafter, all indebtedness owing by Borrower to Lender shall
be referred to as the “Indebtedness” and the Business Financing Agreement and any and all other documents executed by Borrower in favor of Lender shall be referred to as the “Existing Documents.” 

 

	2.	DESCRIPTION OF CHANGE IN TERMS. 

  

	 	A.	Modification(s) to Business Financing Agreement: 

  

	 	1)	The following subsections of Section 4.10 are hereby amended to read as follows: 

(b)       No later than 5 days after filing with the Securities and Exchange Commission, quarterly
financial statements of Borrower, certified and dated by an authorized officer. These quarterly financial statements must be prepared on a consolidated and consolidating basis. 

(d)       Copies of the Form 10-K Annual Report, Form 10-Q Quarterly Report and Form 8_K Current Report for
Borrower within 5 days of filing with the Securities and Exchange Commission. 
 (f)       No
later than 5 days after filing with the Securities and Exchange Commission of the Form 10-K Annual Report and Form 10-Q Quarterly Report, a compliance certificate of Borrower, signed by an authorized financial officer and setting forth (i) the
information and computations (in sufficient detail) to establish compliance with all financial covenants at the end of the period covered by the financial statements then being furnished and (ii) whether there existed as of the date of such
financial statements and whether there exists as of the date of the certificate, any Event of Default under this Agreement and, if any such Event of Default exists, specifying the nature thereof and the action Borrower is taking and proposes to take
with respect thereto. 
 (g)       Prior to any Advances, and so long as any Advances are
outstanding, within 10 days after the first day of each calendar month, a borrowing base certificate, in form and substance satisfactory to Lender, setting forth Eligible Receivables and Receivable Amounts thereof and Eligible Inventory as of the
last day of the preceding calendar month. 
 (h)       Prior to any Advances, and so long as any
Advances are outstanding, within 10 days after the first day of each calendar month, a detailed aging of Borrower’s receivables by invoice or a summary aging by account debtor, together with payable aging, inventory analysis, deferred revenue
report, and such other matters as Lender may request. 
  

	 	2)	The following defined term in Section 12.1 entitled “Definitions” is hereby amended as follows: 

  
 1 

 “Credit Limit” means $7,000,000 which is intended to be the
maximum amount of Advances outstanding at any time. 
 3.       CONSISTENT CHANGES. The Existing Documents
are each hereby amended wherever necessary to reflect the changes described above. 
  

	4.	INTENTIONALLY OMITTED. 

5.       NO DEFENSES OF BORROWER/GENERAL RELEASE. Borrower agrees that, as of this date, it has no defenses against
the obligations to pay any amounts under the Indebtedness. Each of Borrower and Guarantor (each, a “Releasing Party”) acknowledges that Lender would not enter into this Business Financing Modification Agreement without Releasing
Party’s assurance that it has no claims against Lender or any of Lender’s officers, directors, employees or agents. Except for the obligations arising hereafter under this Business Financing Modification Agreement, each Releasing Party
releases Lender, and each of Lender’s and entity’s officers, directors and employees from any known or unknown claims that Releasing Party now has against Lender of any nature, including any claims that Releasing Party, its successors,
counsel, and advisors may in the future discover they would have now had if they had known facts not now known to them, whether founded in contract, in tort or pursuant to any other theory of liability, including but not limited to any claims
arising out of or related to the Agreement or the transactions contemplated thereby. Releasing Party waives the provisions of California Civil Code section 1542, which states: 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT
THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 
 The
provisions, waivers and releases set forth in this section are binding upon each Releasing Party and its shareholders, agents, employees, assigns and successors in interest. The provisions, waivers and releases of this section shall inure to the
benefit of Lender and its agents, employees, officers, directors, assigns and successors in interest. The provisions of this section shall survive payment in full of the Obligations, full performance of all the terms of this Business Financing
Modification Agreement and the Agreement, and/or Lender’s actions to exercise any remedy available under the Agreement or otherwise. 

6.       CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Indebtedness, Lender is
relying upon Borrower’s representations, warranties, and agreements, as set forth in the Existing Documents. Except as expressly modified pursuant to this Business Financing Modification Agreement, the terms of the Existing Documents remain
unchanged and in full force and effect. Lender’s agreement to modifications to the existing Indebtedness pursuant to this Business Financing Modification Agreement in no way shall obligate Lender to make any future modifications to the
Indebtedness. Nothing in this Business Financing Modification Agreement shall constitute a satisfaction of the Indebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Documents,
unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Business Financing Modification Agreement. The terms of this paragraph apply not only to this Business Financing
Modification Agreement, but also to any subsequent Business Financing modification agreements. 
 7.      
INTENTIONALLY OMITTED. 
 8.       COUNTERSIGNATURE. This Business Financing Modification Agreement
shall become effective only when executed by Lender and Borrower. 

  
 2 

			
	 BORROWER:

	
	 FLUIDIGM CORPORATION

		
	 By:
	 	 /s/ Vikram Jog

		
	 Name:
	 	 Vikram Jog

		
	 Title:
	 	
CFO

			
	 LENDER:

	
	 BRIDGE BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Larry LaCroix

		
	 Name:
	 	 Larry LaCroix

		
	 Title:
	 	
SVP

 

  
 3Offer Letter - Fredric Walder

 Exhibit 10.18 

 

 

 May 3, 2010 

Fredric Walder 
 [address] 

Dear Fred: 
 I am pleased to offer you a
position with Fluidigm Corporation (the “Company”) as Chief Business Officer, reporting to me. Other terms of employment include: 

Start Date: On or before Monday, May 17, 2010 
 Compensation: 
 You will receive a salary of $12,083.33 per pay period. We are on a
semi-monthly pay schedule. This equates to a base compensation of $290,000.00 on an annual basis, less deductions as required by law, which will be paid in accordance with the Company’s normal payroll procedures. This is a regular position and
we envision that the work requirements will be approximately twenty-four (24) hours a week which equates to being paid 60% of your salary until July 1, 2010 when you will begin to work forty (40) hours a week. 

Executive Bonus Plan: 
 You will
be eligible to participate in the Company’s executive annual bonus program which is based on achievement of targets or performance criteria as may be specified by the Board. The terms and conditions of the executive annual program may be
amended or varied from time to time at the sole discretion of the Board. The projected annual bonus for 2010 is estimated to be a maximum of 35% of the employee’s annual base salary, subject to all applicable federal and state taxes, payable on
Q1 of 2011 and pro-rated on a monthly basis, if less than 12 months’ service as of December 31, 2010. The primary principle for payout of variable cash bonus is “pay for performance.” Bonuses for executives will be 35% at 100% of
plan, payable as follows: 
  

	 	•	 	 80% of bonus is for meeting corporate goals. 

  

	 	•	 	 20% of bonus is for meeting departmental goals. 

  

	 	•	 	 The bonus will begin to be paid at meeting 80% of plan. 

 Stock Options: 
 Subject to approval by our Board of Directors
(or a committee authorized by the Board), the Company will grant you an option to purchase up to 200,000 shares of Common Stock of the grant of stock options. 1/4th of said options will vest and become exercisable one year after the commencement of your employment with the Company
and an additional 1/48th of said options will vest and
become exercisable at the end of each month after said one year period. These options will be subject to the terms of the Company’s 2009 Equity Incentive Plan. 
 Relocation: 
 In order to accommodate your activities associated with your move to
the Bay Area, the Company is providing you with a relocation benefit package, as detailed in the attached Company Relocation Guideline. You are eligible, as outlined in the attached, to receive the specific benefits up to $105,000.00. As
specifically modified for you, the closing cost benefit with respect to a home purchase must be used within one (1) year from the date of your hire. 

  
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100, South San Francisco, California 94080    tel:
650.266.6000    fax: 650.871.7152    www.fluidigm.com 

 Fredric Walder 
 May 3, 2010 
  
 If you
use this benefit but leave before you complete one (1) full year of employment, then for each month prior to one year, you will be obligated to repay that pro-rata amount. For example, if you use this benefit after six (6) months of
employment and leave the Company after nine (9) months, you will be obligated to repay 25% (3 months early divided by 12). Please contact Human Resources regarding any specific questions you may have pertaining to this benefit. 

Benefits: 
 You are eligible to
receive the Company’s standard benefits package which includes medical, dental, vision, life and disability insurance benefits. Benefits will be effective the first day of the month following your date of hire or upon a qualifying event.
Additional benefits, as the Company may make generally available to its employees from time to time, will be made available to you. You will be entitled to three (3) weeks paid vacation each year and such paid holidays as the Company gives to
its employees generally. 
 Confidentiality and Company Policies: 
 It is important to protect our confidential information and proprietary material. Therefore, as a condition of employment you will be required to sign the Company’s standard At-Will Employment,
Confidential Information, Invention Assignment, and Arbitration Agreement. 
 Change of Control: 

Your employment contract contains certain change of control and termination without cause provisions, summarized below: 

 

	 	•	 	 Termination “Without Cause” prior to a change of control results in: (i) 6 months severance paid as salary continuation, plus
(ii) up to 6 months of reimbursement for COBRA expenses. 

  

	 	•	 	 Termination “Without Cause” after 12 months following a change of control results in: (i) 6 months severance paid as salary
continuation, plus (ii) up to 3 months of reimbursement for COBRA expenses. 

  

	 	•	 	 Termination “Without Cause” or for “Good Reason” within 12 months following a change of control results in: (i) 6 months
severance paid in lump sum, plus (ii) acceleration of all unvested options and restricted stock, and (iii) up to 6 months of reimbursement for COBRA expenses. 

 

	 	•	 	 If benefits are subject to 280G parachute payment excise taxes, then the executive will receive the “best of” (i) the benefits delivered
in full and subject to the excise tax, or (ii) reduced benefits such that no excise tax is applied. 

  

	 	•	 	 In the case of (i) death, (ii) disability, (iii) termination for cause, or (iv) termination that is voluntary and is not for Good
Reason within 12 months of a change of control, then the executive gets no severance, and only salary and other employee benefits that are owing and due through date of termination of employment. 

Notwithstanding the above, the final language and provisions of change of control clauses of your employment contract are subject to Board approval.

 Reference checks: This offer is contingent upon successfully passing your reference checks. 

Employment Authorization: 
 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 may be terminated. 

  
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100, South San Francisco, California 94080    tel:
650.266.6000    fax: 650.871.7152    www.fluidigm.com 

 Fredric Walder 
 May 3, 2010 
  

Other: 
 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. In addition, the Company may change your compensation, duties, assignments, responsibilities or location of your position at any time to adjust to the changing needs of our dynamic Company.

 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. However, we agree that this arbitration provision shall not apply to any disputes or claims
relating to or arising out of the misuse or misappropriation of the Company’s trade secrets or proprietary information. 
 This offer
expires on Friday, May 14, 2010, unless you accept prior to this date. To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it in the envelope provided to Romeo
Malabanan, Talent Acquisition & HR Associate, 7000 Shoreline Court, Suite 100, South San Francisco, CA 94080. A copy is provided for your records. 
 This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or
agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by the Company and by you. 
 Fred, we look forward to you joining our Company. 
 Sincerely, 

/s/ Gajus V. Worthington 
 Gajus V. Worthington

 President and CEO 
 Fluidigm
Corporation 
  

					
	ACCEPTED AND AGREED TO:	 		 	
			
	 /s/ Fredric Walder
	 		 	 19 May 2010

	Fredric Walder	 		 	Date
			
	Enclosures:	 		 	
	Personal Information Worksheet	 		 	Benefits Election Form
	I-9 Form	 		 	Benefits Summary
	W-4 Form	 		 	Relocation Guideline
	Direct Deposit	 		 	Promissory Note
	In-Q Tel Security Questionnaire	 		 	
	Confidentiality Agreement	 		 	

  
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100, South San Francisco, California 94080    tel:
650.266.6000    fax: 650.871.7152    www.fluidigm.com 

 

 

 November 8, 2010 
 Fredric Walder 
 [Address] 
 Re: Amendments and Clarifications to Offer Letter Dated May 3, 2010 
 Dear Fred: 

On behalf of Fluidigm, I write to confirm certain amendments and clarifications to the offer letter from Fluidigm to you dated May 3, 2010.

 Fluidigm understands that due to the current economic climate and the impact on the housing market, you still have not been able to sell your
home in Madison, WI. We also understand that you desire and need to find more permanent housing in the SF Bay Area. In consideration of that, Fluidigm will amend/clarify your compensation and relocation package that is set forth in the May 3,
2010 letter as follows: 
 1. It was not clear that the reimbursement to you from May to date for the non-business related trips back and forth
to Wisconsin was taxable income. Therefore, on a one-time, non-precedent basis, Fluidigm will pay for the tax “gross-up” on the reimbursement for these non-business related trips that have occurred from May through September 26, 2010.
Then, the reimbursement will be reported by Fluidigm (and must be so reported by you) as taxable income. For trips from October 1, 2010 through December 1, 2010 only, Fluidigm will pay the “gross-up” but again the
entire reimbursement will be treated as taxable income.        January 1, 2011    GW 
 2. In addition to the “gross-up” above and relocation benefits in your May 3, 2010 offer letter, Fluidigm will also provide you an additional sum up to a maximum of Seventy Thousand Dollars
($70,000.00), to be used solely for one of the following limited purposes: (a) to assist you, on a monthly basis, for payment of part of your mortgage for purchase of a permanent residence in the SF Bay Area; (b) part of the purchase price
of a permanent residence in the SF Bay Area; (c) rental of a home in the SF Bay Area; or (d) losses you incur in the sale of your current home in Madison, WI. 
 No matter which of the above you choose to utilize, you will need to submit valid receipts for same prior to any reimbursement. Any sums provided to you under Paragraph 2 will be considered taxable income
to you, and you are solely responsible for any tax liability.        * please see note 
 If you use
this benefit but leave before you complete one (1) full year of employment, then for each month prior to one year, you will be obligated to repay that pro-rata amount. For example, if you use this benefit after six (6) months of employment
and leave the Company after nine months, you will be obligated to repay 25% (3 months early divided by 12). Please contact Human Resources regarding any specific questions you may have pertaining to this benefit. 

  
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100, South San Francisco, California 94080    tel:
650.266.6000    fax: 650.871.7152    www.fluidigm.com 

 3. The time frame to utilize the relocation funds that are set forth in the May 3, 2010 letter and the
additional sums of up to a maximum of Seventy Thousand Dollars ($70,000.00) will be from October 1, 2010 and will expire on September 30, 2011. In order comply with Section 409A of the Internal Revenue Code of 1986, as amended, any
reimbursable expenses that have not been reimbursed to date and that you incur during the remaining part of calendar year 2010 will be paid to you in January of 2011. Any reimbursable expenses you incur beginning January 1, 2011 will be paid to
you as soon as reasonably practicable following Fluidigm’s receipt of valid receipts documenting the reimbursable expenses, but in any event must be reimbursed before December 31, 2011. 

4. Change in Control benefits as referenced in the May 3, 2010 offer letter are superseded, and will be governed solely by, the terms in your August
of 2010 Employment and Severance Agreement. 
 Other than the above, all of the other terms and conditions that are set forth in the May 3,
2010 offer letter remain unchanged and in full force and effect. 
 Fred, we hope these additional benefits that are being offered allow you to
complete the relocation to the SF Bay Area. 
  

	
	Sincerely,
	
	/s/ Gajus V. Worthington
	Gajus V. Worthington
	President and CEO
	 Fluidigm Corporation

 

 I, Fredric Walder, on this
         day of November, 2010 do accept and agree to the above amendments/clarifications and I understand that I remain an at-will employee. 

 

	
	 /s/ Fredric Walder

	Fredric Walder

 cc: Personnel file 

  
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100, South San Francisco, California 94080    tel:
650.266.6000    fax: 650.871.7152    www.fluidigm.com

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