Document:

Exhibit 10.1

 

THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

This THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of December 30, 2016, by and among OXFORD FINANCE LLC, a Delaware limited liability company with an office located at 133 North Fairfax Street, Alexandria, Virginia 22314 (“Oxford”), as collateral agent (in such capacity, “Collateral Agent”), the Lenders listed on Schedule 1.1 of the Loan Agreement (as defined below) or otherwise party thereto from time to time including Oxford in its capacity as a Lender and PACIFIC WESTERN BANK, a California state chartered bank with an office located at 406 Blackwell Street, Suite 240, Durham, NC 27701(as successor in interest by merger to Square 1 Bank) (“Bank”) (each a “Lender” and collectively, the “Lenders”), and TREVENA, INC., a Delaware corporation, with offices located at 1018 West 8th Avenue, Suite A, King of Prussia, PA 19406 (“Borrower”).

 

WHEREAS, Collateral Agent, Lenders (including Bank as successor in interest by merger to Square 1 Bank) and Borrower have entered into that certain Loan and Security Agreement dated as of September 19, 2014 (as amended from time to time, including but without limitation by that certain First Amendment to Loan and Security Agreement dated as of April 13, 2015 and that certain Second Amendment to Loan and Security Agreement dated as of December 23, 2015, the “Loan Agreement”);

 

WHEREAS, Lenders have extended credit to Borrower for the purposes permitted in the Loan Agreement;

 

WHEREAS, Borrower has requested that Collateral Agent and Lenders amend the Loan Agreement as more fully set forth herein; and

 

WHEREAS, Collateral Agent and Lenders have agreed to amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below.

 

NOW, THEREFORE, in consideration of the promises, covenants and agreements contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Borrower, Lenders and Collateral Agent hereby agree as follows:

 

1.              Capitalized terms used herein but not otherwise defined shall have the respective meanings given to them in the Loan Agreement.

 

2.              Section 2.2(a)(iii) of the Loan Agreement is amended and restated as follows:

 

(iii) Subject to the terms and conditions of this Agreement, and solely at Borrower’s option and upon its request and its delivery to each Lender of an officer’s certificate (and, upon the request of the Lenders, evidence and data, reasonably acceptable to each Lender) that includes a representation that, as of the date of Borrower’s request, management is not aware of any results or other information from the ongoing ATHENA open label safety study of TRV130 that it believes would preclude the Company’s filing in good faith of a new drug application for TRV130 with the U.S. Food and Drug Administration, the Lenders agree, severally and not jointly, during the Third Draw Period, to make term loans to Borrower in a single advance in an aggregate amount up to Ten Million Dollars ($10,000,000.00) according to each Lender’s Term C Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Term C Loan”, and collectively as the “Term C Loans”; each Term A Loan, Term B Loan or Term C Loan is hereinafter referred to singly as a “Term Loan” and the Term A Loans, the Term B Loans and the Term C Loans are hereinafter referred to collectively as the “Term Loans”). After repayment, no Term C Loan may be re-borrowed.

 

3.              Section 2.2(b) of the Loan Agreement is amended and restated as follows:

 

(b)  Repayment.  Borrower shall make monthly payments of interest only commencing on the first (1st) Payment Date following the Funding Date of each Term Loan but only to the extent not already prepaid pursuant to this Section 2.2(b), and continuing on the Payment Date of each successive month thereafter through and including the Payment Date immediately preceding the Amortization Date. Borrower agrees to

 

 

pay, on the Funding Date of each Term Loan, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the first Payment Date thereof. Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall make consecutive equal monthly payments of principal, plus all accrued interest, in arrears, to Collateral Agent, for the benefit of the Lenders, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (1) the amount of such Lender’s Term Loan, (2) the effective rate of interest, as determined in Section 2.3(a), and (3) a repayment schedule equal to (x) if the Amortization Date is April 1, 2017, thirty-six (36) months, (y) if the Amortization Date is January 1, 2018 and the Maturity Date Extension Event has not occurred, twenty seven (27) months and (z)if the Amortization Date is January 1, 2018 and the Maturity Date Extension Event has occurred by such date, thirty six (36) months.  All unpaid principal and accrued and unpaid interest with respect to each Term Loan is due and payable in full on the Maturity Date. Each Term Loan may only be prepaid in accordance with Sections 2.2(c) and 2.2(d).

 

4.              Section 13.1 of the Loan Agreement is hereby amended by amending and restating the following definition therein as follows:

 

“Amortization Date” is April 1, 2017; provided, however, if the Interest Only Extension Event has occurred and no Event of Default has occurred and is continuing as of March 31, 2017, such date shall be January 1, 2018.

 

“Basic Rate” is, (A) with respect to Term A Loans and Term B Loans, the per annum rate of interest (based on a year of three hundred sixty (360) days), equal to Six and one-half percent (6.50%) and (B) with respect to Term C Loans, the per annum rate of interest (based on a year of three hundred sixty (360) days) equal to the greater of (i) Six and one-half percent (6.50%) and (ii) the sum of (a) the thirty (30) day U.S. LIBOR rate reported in the Wall Street Journal three (3) Business Days prior to the Funding Date of the Term C Loans, plus (b) Six percent (6.00%).

 

“Financing Event” means the receipt by Borrower of net cash proceeds of not less than Fifty Million Dollars ($50,000,000.00), after October 4, 2016 and on or before March 31, 2017, from (i) the sale of its equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other strategic partnering transaction.

 

“Interest Only Extension Event” means Collateral Agent’s and Lenders’ receipt, on or before March 31, 2017, of evidence that each of the two Phase III efficacy trials of oliceridine (TRV130), known as APOLLO-1 and APOLLO-2, have met their respective primary endpoints, in each case in form and substance satisfactory to Collateral Agent and Lenders.

 

“Third Draw Period” is the period commencing on the date of the occurrence of the Interest Only Extension Event and ending on the earlier of (i) March 31, 2017, (ii) thirty (30) days after the occurrence of the Interest Only Extension Event, and (iii) the occurrence of an Event of Default; provided, however, that the Third Draw Period shall not commence if on the date of the occurrence of the Interest Only Extension Event an Event of Default has occurred and is continuing.

 

5.              Schedule 1.1 to the Loan Agreement is hereby amended and restated in its entirety as follows:

 

SCHEDULE 1.1

 

Lenders and Commitments

 

Term A Loans

 

	
Lender
    	
 
    	
Term Loan Commitment
    	
 
    	
Commitment Percentage
    	
 
    
	
OXFORD FINANCE LLC
    	
 
    	
$
    	
1,428,572.00
    	
 
    	
71.4286
    	
%
    
	
PACIFIC WESTERN BANK
    	
 
    	
$
    	
571,428.00
    	
 
    	
28.5714
    	
%
    
	
TOTAL
    	
 
    	
$
    	
2,000,000.00
    	
 
    	
100.00
    	
%
    

 

2

 

Term B Loans

 

	
Lender
    	
 
    	
Term Loan Commitment
    	
 
    	
Commitment Percentage
    	
 
    
	
OXFORD FINANCE LLC
    	
 
    	
$
    	
11,785,719.00
    	
 
    	
71.4286
    	
%
    
	
PACIFIC WESTERN BANK
    	
 
    	
$
    	
4,714,281.00
    	
 
    	
28.5714
    	
%
    
	
TOTAL
    	
 
    	
$
    	
16,500,000.00
    	
 
    	
100.00
    	
%
    

 

Term C Loans

 

	
Lender
    	
 
    	
Term Loan Commitment
    	
 
    	
Commitment Percentage
    	
 
    
	
OXFORD FINANCE LLC
    	
 
    	
$
    	
7,142,860.00
    	
 
    	
71.4286
    	
%
    
	
PACIFIC WESTERN BANK
    	
 
    	
$
    	
2,857,140.00
    	
 
    	
28.5714
    	
%
    
	
TOTAL
    	
 
    	
$
    	
10,000,000.00
    	
 
    	
100.00
    	
%
    

 

Aggregate (all Term Loans)

 

	
Lender
    	
 
    	
Term Loan Commitment
    	
 
    	
Commitment Percentage
    	
 
    
	
OXFORD FINANCE LLC
    	
 
    	
$
    	
20,357,151.00
    	
 
    	
71.4286
    	
%
    
	
PACIFIC WESTERN BANK
    	
 
    	
$
    	
8,142,849.00
    	
 
    	
28.5714
    	
%
    
	
TOTAL
    	
 
    	
$
    	
28,500,000.00
    	
 
    	
100.00
    	
%
    

 

6.              Limitation of Amendment.

 

a.              The amendments set forth in Sections 2 through 5 above are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right, remedy or obligation which Lenders or Borrower may now have or may have in the future under or in connection with any Loan Document, as amended hereby.

 

b.              This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.

 

7.              To induce Collateral Agent and Lenders to enter into this Amendment, Borrower hereby represents and warrants to Collateral Agent and Lenders as follows:

 

a.              Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;

 

b.              Borrower has the power and due authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;

 

c.               The organizational documents of Borrower delivered to Collateral Agent on the Effective Date, and updated pursuant to subsequent deliveries by the Borrower to the Collateral Agent, remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

 

d.              The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (i) any law or regulation binding on or affecting Borrower, (ii) any contractual restriction with a Person binding on Borrower, (iii) any order, judgment or decree of any court or

 

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other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (iv) the organizational documents of Borrower;

 

e.               The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and

 

f.                This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

 

8.              Except as expressly set forth herein, the Loan Agreement shall continue in full force and effect without alteration or amendment.  This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements.

 

9.              This Amendment shall be deemed effective as of the date first set forth above upon (a) the due execution and delivery to Collateral Agent of this Amendment by each party hereto, (b) Borrower’s payment of an amendment fee of Twenty Thousand Dollars ($20,000) to be shared between the Lenders based upon their respective Pro Rata Shares and (c) Borrower’s payment of all Lenders’ Expenses incurred through the date hereof, which may be debited (or ACH’d) from any of Borrower’s accounts, which is in addition to the amendment fee set forth in clause (b) of this Section 10.

 

10.       This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument.

 

11.       This Amendment and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of New York.

 

[Balance of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to the Loan Agreement to be executed as of the date first set forth above.

 

	
BORROWER:
    	
 
    
	
 
    	
 
    
	
TREVENA, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By 
    	
/s/ Roberto Cuca
    	
 
    
	
Name: 
    	
Roberto Cuca
    	
 
    
	
Title: 
    	
SVP and Chief Financial   Officer
    	
 
    
	
 
    	
 
    
	
COLLATERAL AGENT AND LENDER:
    	
 
    
	
 
    	
 
    
	
OXFORD FINANCE LLC
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By 
    	
/s/ Mark Davis
    	
 
    
	
Name:
    	
Mark Davis
    	
 
    
	
Title: 
    	
Vice President of   Finance
    	
 
    
	
 
    	
 
    
	
LENDER:
    	
 
    
	
 
    	
 
    
	
PACIFIC WESTERN BANK
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By 
    	
/s/ Evan Travis
    	
 
    
	
Name: 
    	
Evan Travis
    	
 
    
	
Title: 
    	
SVPExhibit

Exhibit 10.1

FORM OF SUPPORT AGREEMENT
This SUPPORT AGREEMENT (this “Agreement”) is entered into as of the Agreement Date (as defined below) by and among Jiff, Inc., a Delaware corporation (“Jiff”), and the stockholders listed on Annex A (each such stockholder, as to himself, herself or itself, “Stockholder”) of Castlight Health, Inc., a Delaware corporation (“Castlight”).  “Agreement Date” means, as to any Stockholder, the date set forth on the signature page hereto executed by such Stockholder.  Terms not otherwise defined herein shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).  If the terms of this Agreement conflict in any way with the provisions of the Merger Agreement, then the provisions of the Merger Agreement shall control.  

RECITALS
A.    Each Stockholder has executed and delivered this Agreement in connection with, and concurrently with the execution and delivery of, that certain Agreement and Plan of Reorganization, dated as of January 4, 2017  (the “Merger Agreement”), by and among Castlight, Neptune Acquisition Subsidiary, Inc., a Delaware corporation and a direct or indirect, wholly owned subsidiary of Castlight (“Merger Sub”), and Jiff, pursuant to which Merger Sub will, on the terms and subject to the conditions set forth therein, merge with and into Jiff (collectively, with the other transactions contemplated by the Merger Agreement, the “Merger”), with Jiff to survive the Merger and become a direct or indirect, wholly owned subsidiary of Castlight.  

B.    Each Stockholder has agreed to enter into this Agreement as an inducement to and in consideration for the willingness of Jiff to enter into the Merger Agreement. 
NOW, THEREFORE, in consideration of the premises, representations, warranties, covenants and other agreements contained in the Merger Agreement and herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.Restrictions on Shares.
1.1    Each Stockholder (i) acknowledges that the shares of Castlight Capital Stock beneficially owned by Stockholder as of the date hereof (the “Shares”) are subject to restrictions on transfer as set forth in the Lock-Up Agreement signed by such Stockholder and (ii) agrees that prior to the Expiration Time (as defined below) it shall be an additional condition to any transfer of Shares that would otherwise be permitted under the terms of the Lock-Up Agreement, that the transferee agree in writing to be bound by all of the terms of this Agreement with respect to the Shares subject to such transfer to the same extent as such transferring Stockholder is bound hereunder.  As used herein, the term “Expiration Time” as it applies to any Stockholder shall mean the earlier of (A) the Effective Time and (B) the termination of the Merger Agreement in accordance with its terms.  Any transfer in violation of this Section 1.1 shall be null and void ab initio with respect to Shares so transferred.
1.2    From the Agreement Date until the Expiration Time, and except for proxies granted in accordance with Section 2 of this Agreement, each Stockholder, as to himself, herself or 

itself (severally and not jointly), agrees he, she or it shall not, directly or indirectly, grant any proxies or powers of attorney with respect to any of the Shares, deposit any of the Shares into a voting trust, or enter into a voting agreement with respect to any of the Shares; provided, however, that a Stockholder shall be permitted to grant a proxy with respect to the election of directors, ratification of auditors and other customary matters relating to Castlight’ annual meeting.
1.3    Any shares of Castlight Capital Stock that a Stockholder purchases or with respect to which such Stockholder otherwise acquires beneficial ownership on or after the Agreement Date and prior to the Expiration Time, including, without limitation, by reason of any (a) exercise of Castlight options or vesting and conversion of Castlight RSUs or (b) stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into capital stock), reorganization, recapitalization, reclassification, combination, exchange of shares or other similar transaction (collectively, the “New Shares”), shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares and shall be deemed to be Shares for the purposes hereof; provided, however, that a Stockholder shall be permitted (1) to sell or net settle a sufficient number of Shares or New Shares to cover the tax withholding obligations resulting from the vesting and conversion of Castlight RSUs or the exercise of Castlight options and to cover the payment of the exercise price related to the exercise of Castlight options or (2) make sales of New Shares permitted under the Lock-Up Agreement.
2.    Agreement to Vote Shares.  From the Agreement Date until the Expiration Time, at every meeting of the Castlight Stockholders called with respect to any of the following, and at every adjournment or postponement thereof, each Stockholder shall (as to himself, herself or itself (severally and not jointly)) or shall cause the holder of record of any applicable record date to, be present (in person or by proxy) and irrevocably and unconditionally vote (or consent to be voted) the Shares and New Shares beneficially owned by such Stockholder on the date of such Castlight Stockholders Meeting in respect of which such Stockholder is entitled to vote at any such meeting (a) in favor of (i) the approval of the issuance of Shares in connection with the Merger; and (ii) approval of any proposal to adjourn or postpone the meeting to a later date, if there are not sufficient votes for approval of the issuance of Shares in connection with the Merger; and (b) in favor of any other matter considered at any such meeting of the Castlight Stockholders that the Castlight Board has (A) determined is necessary or desirable for the consummation of the Merger; (B) disclosed in the Proxy Statement or other written materials distributed to all Castlight Stockholders and (C) recommended that the Castlight Stockholders adopt.
3.    Representations and Warranties of Stockholder.  Each Stockholder hereby represents and warrants, as to himself, herself or itself (severally and not jointly), to Jiff as follows: 
3.1    Securities.  No person who is not a signatory to this Agreement (or such signatory’s spouse for purposes of applicable community property Laws) has a beneficial interest in or a right to acquire or vote any of the Shares (other than, if such Stockholder is a partnership or a limited liability company, the rights and interests of Persons that own partnership interests or limited liability company membership interests or units in such Stockholder under the partnership agreement or operating agreement governing Stockholder and applicable partnership or limited liability company law, or if such Stockholder is a trust, the beneficiaries thereof).  

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3.2    Power, Authorization and Validity.  If such Stockholder is an entity, such Stockholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Such Stockholder has all requisite power and authority (if such Stockholder is an entity) or legal capacity (if such Stockholder is a natural person) to enter into this Agreement and to perform his, her or its obligations under this Agreement.  The execution and delivery of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby have been duly authorized by all necessary action, if any, on the part of such Stockholder.  This Agreement has been duly executed and delivered by such Stockholder and constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject only to the effect, if any, of (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar law now or hereafter in effect relating to creditors’ rights generally and (b) rules of law and equity governing specific performance, injunctive relief and other equitable remedies.
3.3    No Consents.    No consent, approval, order, authorization, release or waiver of, or registration, declaration or filing with, any Governmental Entity or other Person by or on behalf of such Stockholder is necessary or required to be made or obtained by such Stockholder to enable such Stockholder to lawfully execute and deliver, enter into, and perform its, his or her obligations under this Agreement except as has been made or obtained prior to the date of this Agreement. 
3.4    No Conflict.  The execution and delivery by such Stockholder of this Agreement and the consummation of the transactions contemplated by this Agreement will not (a) if such Stockholder is an entity, violate or conflict with any provision of the certificate of incorporation or bylaws or other equivalent organizational or governing documents of such Stockholder, in each case as amended to date, (b) violate, conflict with, result in the breach of, constitute a default (or an event that, with notice or lapse of time or both, would become a default) pursuant to, result in the loss of any benefit under, result in the termination of, accelerate the performance required by, or result in a plan of termination or acceleration pursuant to any material Contract of such Stockholder applicable to any of the Shares, or (c) violate or conflict with any Law applicable to such Stockholder or by which the Shares are bound, in the case of clauses (a), (b) and (c), in a manner that would adversely affect the ability of such Stockholder, individually or in the aggregate, to perform his, her or its obligations under or otherwise comply with this Agreement.
3.5    Legal Proceedings.  There is no claim, action, charge, lawsuit, litigation or other similarly formal legal proceeding brought by or pending before any Governmental Entity, arbitrator, mediator or other tribunal or, to such Stockholder’s knowledge, investigation, in each case whether civil, criminal, administrative, judicial or investigative, or any appeal therefrom (each of the foregoing, a “Legal Proceeding”) against such Stockholder that relates in any way to this Agreement, the Merger Agreement, the Merger or any of the transactions contemplated hereby or thereby.  To the knowledge of such Stockholder, no such Legal Proceeding has been threatened and there is no reasonable basis for any such Legal Proceeding.

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4.    Covenants of Stockholder.  Each Stockholder hereby covenants, as to himself, herself or itself (severally and not jointly), to Jiff as follows:
4.1    Compliance. From the date of this Agreement and until the Expiration Time, such Stockholder shall not knowingly fail to act or take any action that would reasonably be expected to result in a breach of a representation or warranty contained herein.
4.2    No Voting Agreements. From the date of this Agreement and until the Expiration Time, such Stockholder shall not enter into any agreement or understanding with any Person to vote or give instructions in any manner inconsistent with the terms of Section 2.  
5.    Miscellaneous.
5.1    Fiduciary Duties.  Notwithstanding anything in this Agreement to the contrary: (a) Stockholder makes no agreement or understanding herein in any capacity other than in Stockholder’s capacity as a record holder and beneficial owner of the Shares and the New Shares, and not in such Stockholder’s capacity as a director, officer or employee of the Castlight or any of  Castlight’s subsidiaries or in such Stockholder’s capacity as a trustee or fiduciary of any Castlight employee benefit plan, and (b) nothing herein will be construed to limit or affect any action or inaction by Stockholder or any representative of Stockholder, as applicable, serving on the Castlight Board or on the board of directors of any subsidiary of Castlight or as an officer or fiduciary of Castlight or any subsidiary of Castlight, acting in such person’s capacity as a director, officer, employee or fiduciary of Castlight or any subsidiary of Castlight.
5.2    Notices.  All notices and other communications hereunder must be in writing and will be deemed to have been duly delivered and received hereunder (a) four Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid; (b) one Business Day after being sent for next Business Day delivery, fees prepaid, via a reputable nationwide overnight courier service; or (c) immediately upon delivery by hand or by fax (with a written or electronic confirmation of delivery), in each case to the intended recipient as set forth below:
(i)    If to Jiff, to:
Jiff, Inc.
215 Castro Street, 2nd Floor
Mountain View, CA 94041
Attention: Chief Executive Officer
Telephone No.: (650) 323-3500

with a copy (which shall not constitute notice) to:
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP

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1200 Seaport Blvd
Redwood City, CA 94063]
Attention: Andrew Y. Luh
Facsimile No.: (650) 321-2800
Telephone No.: (650) 321-2400
(ii)    If to any Stockholder, at the address set forth below such Stockholder’s signature on the signature page executed by such Stockholder.
5.3    Specific Performance; Injunctive Relief.  The parties hereto acknowledge that Jiff will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of the covenants or agreements of any Stockholder set forth herein.  Therefore, it is agreed that, in addition to any other remedies that may be available to Jiff upon any such violation of this Agreement, Jiff shall have the right to enforce such covenants and agreements by injunctive relief, specific performance, or by any other means available to Jiff at law or in equity and each Stockholder hereby waives any and all defenses that could exist in its favor in connection with such injunction or enforcement and waives any requirement for the security or posting of any bond in connection with such injunction or enforcement.
5.4    Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties hereto; it being understood that all parties hereto need not sign the same counterpart.  
5.5    Entire Agreement; Nonassignability; Parties in Interest; Assignment.  This Agreement and the documents, instruments and other agreements among the parties as contemplated by, referred to herein or delivered pursuant hereto (a) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof and (b) are not intended to confer, and shall not be construed as conferring, upon any Person other than the parties hereto any rights or remedies hereunder.  The representations and warranties and covenants of each Stockholder contained herein shall not survive the Closing, and no claim may be brought with respect to any breach of any representation, warranty or covenant hereunder following the Closing.  Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise, by any Stockholder without the prior written consent of Jiff, and any such assignment or delegation that is not consented to shall be null and void.  Jiff may assign this Agreement to any direct or indirect wholly owned subsidiary of Jiff without the prior written consent of any Stockholder.  Subject to the preceding two sentences, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against, the parties hereto and their respective successors and assigns (including any Person to whom any Shares are Transferred).
5.6    Amendment; Waiver.  Subject to applicable Law, the parties hereto may amend this Agreement as it applies to each Stockholder at any time by execution of an instrument in writing signed on behalf of each of Jiff and Stockholder.  At any time, either Jiff or any Stockholder (as to himself, herself or itself) may, to the extent legally allowed, extend the time for the performance 

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of any of the obligations or other acts of the other parties, as applicable, waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and waive compliance with any of the agreements or conditions for the benefit of such party contained herein.  Any agreement on the part of Jiff or any Stockholder to any such waiver shall be valid only if set forth in an instrument in writing signed on behalf of the other.  Without limiting the generality or effect of the preceding sentence, no delay in exercising any right under this Agreement shall constitute a waiver of such right, and no waiver of any breach or default shall be deemed a waiver of any other breach or default of the same or any other provision herein.
5.7    Severability.  In the event that any provision of this Agreement, or the application thereof, becomes or is declared by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement shall continue in full force and effect and shall be interpreted so as reasonably to effect the intent of the parties hereto.  The parties hereto further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision that shall achieve, to the extent possible, the economic, business and other purposes of such void or unenforceable provision.
5.8    Remedies Cumulative.  Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party hereto shall be deemed cumulative with and not exclusive of any other remedy conferred by this Agreement, or by applicable Law on such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy.
5.9    Governing Law.  The internal laws of the State of Delaware, irrespective of its conflicts of law principles, shall govern the validity of this Agreement, the construction of its terms, and the interpretation and enforcement of the rights and duties of the parties hereto.  The parties hereto hereby irrevocably submit to the exclusive jurisdiction of the State of Delaware solely in respect of the interpretation and enforcement of this Agreement and of the documents referred to herein, and in respect of the Merger, and hereby waive, and agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or thereof, that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined in the State of Delaware.  The parties hereto hereby consent to and grant any such court jurisdiction over the person of such parties and over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 5.2 or in such other manner as may be permitted by any applicable Law shall be valid and sufficient service thereof.  
5.10    WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE PURSUANT TO THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT THAT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING (WHETHER FOR BREACH OF CONTRACT, TORTIOUS CONDUCT 

6

OR OTHERWISE) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTION OF ANY PARTY HERETO IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. EACH PARTY ACKNOWLEDGES AND AGREES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (b) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (c) IT MAKES THIS WAIVER VOLUNTARILY; AND (d) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10.
5.11    Non-Survival of Representations and Warranties.  None of the representations and warranties in this Agreement or in any related schedule, instrument or other document delivered pursuant to this Agreement will survive the Expiration Time.
5.12    Termination.  This agreement will terminate one year after the Expiration Time.  

 [SIGNATURE PAGE NEXT]

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

JIFF, INC:
	
		
	By:
	 

	Name:
	 

	Title:
	 

[SIGNATURE PAGE TO SUPPORT AGREEMENT]

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

	
		
	 
	CASTLIGHT STOCKHOLDER:

	 
	 

	 
	(Print Name of Stockholder)

	 
	 

	 
	(Signature)

	 
	 

	 
	(Print name and title if signing on behalf of an entity)

	 
	 

	 
	(Print Address)

	 
	 

	 
	(Print Address)

	 
	 

	 
	(Print Telephone Number)

	 
	 

	 
	(Agreement Date)

[SIGNATURE PAGE TO SUPPORT AGREEMENT]

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