Document:

exv10w16

 

Exhibit 10.16

April 20, 2006

Joseph Boyle

[Address]

Dear Joe:

On behalf of Sourcefire, Inc. (the “Company”), I am pleased to extend this offer of employment to
you for the position of General Counsel. In this position you will initially report to the Chief
Executive Officer. This position is a full-time position and qualifies for “exempt” status for
purposes of the wage and hour laws. As such, you are exempt from the overtime pay provisions of
such laws and will not be entitled to overtime pay or compensatory time for hours worked over forty
(40) in a workweek.

This
letter summarizes some of the important aspects of your employment with the Company.

Starting Date. You will commence your employment with the Company on or before May 16,
2006. Your employment is of no set duration.

Base Salary. Your initial base monthly salary in this position will be $14,583.33
(annualized to $175,000 per annum), payable in accordance with the Company’s then-current payroll
policies and subject to customary deductions and withholdings, as required by law. Your salary
will be subject to normal periodic review based on corporate policy, your performance, and other
factors considered by the Company in making salary determinations.

Incentive Compensation. Your initial targeted, quarterly bonus compensation will be
$12,500, payable in accordance with achievement against a written plan that will be developed by
you and your supervisor within 30 days of your start date.

In addition to participation in the Company’s quarterly bonus program you will eligible to receive
incentive compensation based on the realization of the following corporate actions:

	 	•	 	Upon the closing of a definitive Merger or Acquisition transaction whereby the Company
receives proceeds in excess of $200M, you will receive a one-time $50,000 bonus payable
upon the close of the transaction.
	 
	 	•	 	When the Company launches the Project X IP business unit and has successfully reached
agreement with its third OEM customer you will receive a one-time $25,000 bonus in the
first payroll period thereafter.

 

 

Stock Options. You are eligible to participate in the Company’s stock option plan (the
“Plan”) in accordance with the terms and conditions of the Plan, as may be amended from time to
time. Subject to the approval by the Company’s Board of Directors, you will initially be granted an
option to purchase up to 200,000 shares of Common Stock of the Company. You will be required to
execute a stock grant agreement and stock restriction agreement as a prerequisite to participation
in the Plan. 150,000 of your shares will vest quarterly over a 4 year period. 25,000 of your shares
will vest upon the first to occur of (i) an S-l filing with the Securities and Exchange Commission
to raise a minimum of $50M or (ii) the fourth anniversary of your vesting start date. 25,000 of your
shares will vest upon the first to occur of (i) the Project X IP business unit successfully
reaching agreement with its third OEM customer or (ii) the fourth anniversary of your vesting start
date. Additionally, should both (i) the Company have a change of control as defined in the
Plan and (ii) you be terminated (actually or constructively) subsequent to the change of control
other than for cause, the lesser of 50% of the 150,000 shares being vested on a quarterly basis or
the remaining unvested portion of the 150,000 shares being vested on a quarterly basis will
accelerate and become vested on your termination date.

Benefits. Beginning the first day of the month following your start date, you will be
eligible for the standard Company health, dental, vision and other benefit plans, as may be in
effect from time to time. On an annualized basis, Company employees are eligible for 15 days of
paid leave per year. Leave is accrued ratably each pay period.

Termination Without Cause. If you are terminated without cause (as defined below), you
will receive three (3) months compensation as severance including salary, benefits, and any earned
bonus provided, however, that you execute and deliver a written release in a form acceptable to Sourcefire that
releases Sourcefire from all claims and liabilities. For purposes hereof, “Cause” shall be: (i)
conviction of, or plea of guilty or nolo contendere to, (a) a felony or (b) any crime involving
moral turpitude that may reasonably be expected to have an adverse impact on the Company’s
reputation or standing in the community, or (ii) fraud on or misappropriation of any funds of
property of Sourcefire, any affiliate, customer or vendor, (iii) personal dishonesty,
incompetence, willful misconduct willful violation of any law, rule or regulation (other than
minor traffic violations or similar offenses), or breach of fiduciary duty which involves personal
profit, (iv) violation of any Sourcefire rule, regulation, procedure or policy, (v) breach of the
Employee Proprietary Information, Inventions, and Non-Competition Agreement that you will be
required to sign as a condition of employment (the “NDA”), or any other similar agreement
executed by you for the benefit of Sourcefire, or (vi) engaging in behavior that would constitute
grounds for liability for harassment (as proscribed by the U.S. Equal Employment Opportunity
Commission Guidelines or any other applicable state or local regulatory body) or other egregious
conduct that violates laws governing the workplace, or (vii) chronic use of alcohol, drugs or
other substances which affects your work performance; provided, however, that the foregoing events
or actions shall not constitute Cause unless your supervisor has provided you with written notice
of the event or action allegedly constituting Cause (which notice shall specify in reasonable
detail the particulars of such Cause) and you have not cured such event or action within thirty
(30) days of this receipt of such written notice.

 

 

At
— Will Employment. The Company is an “at will” employer. This means your employment is
not for any definite period of time, and either you or the Company may terminate such employment
for any reason, at any time, with or without cause and with or
without notice. You will be subject
to such employment policies and terms and conditions as the Company may adopt or modify from time
to time, and nothing in this offer letter or told to you during your employment should be
interpreted as a guarantee of continued employment.

By accepting the Company’s offer of employment, you agree to comply with and be bound by the
operating practices, procedures and policies that the Company may put into effect from time to
time during your employment. You also represent and warrant that you are free to enter into and
fully perform under the agreements referred to herein without breaching any other agreement or
contract to which you are or may be bound, including, without limitation, any existing or previous
employment agreement, non-disclosure agreement, confidentiality agreement or non-competition
agreement.

This offer is valid until withdrawn or for seven (7) days, whichever is shorter, and is contingent
upon satisfactory completion of reference checks and your compliance with the 1986 Immigration
Reform and Control Act. This offer is also contingent upon your execution of the Company’s
standard Employee Proprietary Information, Inventions and Non-Competition Agreement (the “NDA”),
which is an integral part of your employment.

Please indicate your acceptance of this offer of employment by signing and dating below, and
returning to the Company this signed offer letter and the signed NDA.

This letter sets forth the entire understanding between you and the Company regarding the terms of
your employment, supersedes any prior verbal or written representations, and may only be modified
in a writing signed by an authorized officer of the Company.

We look forward to having you join the Sourcefire team and anticipate that this will be a mutually
beneficial relationship. If you have any questions, please feel free
to give us a call.

Sincerely.

	 	 	 
	/s/ E. Wayne Jackson
 

E. Wayne Jackson

	 	 
	Chief Executive Officer
	 	 

AGREED AND ACCEPTED:

	 	 	 	 	 
	April 21, 2006 

	 	/s/ Joseph Boyle
 

	 	 
	Date

	 	Joseph Boyle	 	 
	 

	 	[address]exv10w17

 

Exhibit 10.17

WRITTEN CONSENT IN LIEU OF A SPECIAL MEETING

OF THE PREFERRED STOCKHOLDERS OF

SOURCEFIRE, INC.

     In lieu of a Special Meeting of the preferred stockholders (the “Stockholders”) of
Sourcefire, Inc., a Delaware corporation (the
“Corporation”), effective as of October 25,
2006 (the “Effective Date”), the undersigned Stockholders of the Corporation, collectively
being the holders of record of at least (i) two-thirds (2/3) of the issued and outstanding shares
of Series A Convertible Preferred Stock, par value $0.001 per share of the Corporation (the
“Series A Stock”), (ii) sixty percent (60%) of the issued and outstanding shares of Series
B Convertible Preferred Stock, par value $0.001 per share of the Corporation (the “Series B
Stock”), (iii) a majority of the issued and outstanding shares of Series C Convertible
Preferred Stock, par value $0.001 per share of the Corporation (the “Series C Stock”), and
(iv) a majority of the issued and outstanding shares of Series D Convertible Preferred Stock, par
value $0.001 per share of the Corporation (the “Series D Stock”), and, being entitled to
vote on the matters set forth below, hereby consent to, approve and authorize the following
resolutions:

Initial Public Offering

WHEREAS: The Board of Directors of the Corporation (the “Board”), together with
executive management of the Corporation and outside advisors, has considered whether it is
advisable and in the best interests of the Corporation to sell and issue shares of its
common stock, par value $0.001 per share (the “Common Stock”), in an Initial Public
Offering (as defined below) of such stock under the Securities Act of 1933 (as amended);

WHEREAS: The Board, in independently considering the merits of the proposed Initial Public
Offering and the transactions contemplated thereby to the Corporation and the Corporation’s
stockholders, has considered the following factors among others (given their
interrelationship), in no particular order of weight or priority:

	 	-	 	the stage of the Corporation’s development and the current
financial position of the Corporation;
	 
	 	-	 	the cost and effort required to maintain the organizational,
technical, sales and marketing staffs necessary to continue and maintain
business operations;
	 
	 	-	 	the availability and advisability of seeking additional and
alternative means of financing, including, without limitation, debt
financing, bridge loan financing and other forms of equity financing;
	 
	 	-	 	the strategic and tactical alternatives for the Corporation if
the proposed Initial Public Offering does not occur (including, without
limitation, the likelihood of other equity or debt financings or acquisitions
and access to the capital needed to continue successful operations);

 

 

	 	-	 	prevailing market conditions (both in the Corporation’s industry
and generally); and
	 
	 	-	 	the terms and conditions of the proposed Initial Public Offering,
including, without limitation, the valuation represented by the Initial
Public Offering and the impact of the Initial Public Offering on the capital
structure of the Corporation and the holders of capital stock of the
Corporation; and

WHEREAS: Certain stockholders of the Corporation have expressed their interest in
participating in the Initial Public Offering by selling a certain number of shares of Common
Stock currently owned by such stockholders, or to be owned by such stockholders upon the
conversion of the Corporation’s issued and outstanding preferred stock into shares of Common
Stock, pursuant to the Corporation’s Fifth Amended and Restated Certificate of Incorporation
(the “Charter”).

NOW, THEREFORE, BE IT

RESOLVED: That the undersigned stockholders hereby authorize, empower and direct each of
the Corporation’s officers to execute, deliver and file with appropriate government
authorities all such agreements, instruments, certificates, permits and other documents as
may be necessary, required or advisable in order to effectuate the intent of the following
resolutions:

Public Offer, Issuance and Sale of Common Stock

RESOLVED: That the undersigned Stockholders hereby authorize, empower and direct the
officers of the Corporation to undertake a public offering (the “Initial Public
Offering”) in which the Corporation shall offer, issue and sell, in a firm commitment
underwritten public offering pursuant to a registration statement on Form S-1 (the
“Registration Statement”) under the Securities Act of 1933, as amended (the
“1933 Act”), shares of its Common Stock having an aggregate value of up to
$125,000,000, or such greater or lesser amount as shall be determined in the discretion of
the Pricing Committee of the Board, at a price per share to be determined by the Pricing
Committee, which shall include (i) shares of Common Stock to be offered by the Corporation
in connection with the underwriters’ firm purchase commitment, (ii) shares of Common Stock
that may be sold by selling stockholders in connection with the Initial Public Offering and
(iii) shares of Common Stock to be offered by the Corporation to cover the exercise of any
over-allotment option granted to the underwriters or sold by the selling
stockholders(collectively, the “Shares”);

RESOLVED, FURTHER: That the Initial Public Offering be and hereby is, authorized and
approved in all respects;

RESOLVED, FURTHER: That the officers of the Corporation designated by the Board (the
“Designated Officers”) be, and each of them hereby is, authorized and directed, in
the name and on behalf of the Corporation, to cause to be prepared, delivered, filed,

 

 

issued and circulated one or more preliminary and final prospectuses with respect to the
Shares and any amendments or supplements thereto, each in such form as any Designated
Officer may approve, such approval to be conclusively evidenced by the issuance thereof; and

RESOLVED, FURTHER: That all lawful actions taken by any officers or directors of the
Corporation in connection with the Initial Public Offering as authorized by the Board are
hereby authorized, ratified and confirmed.

Mandatory Conversion of Preferred Stock

WHEREAS: Pursuant to Article V, Section C.5 of the Charter, all outstanding shares of Series
A Stock, Series B Stock, Series C Stock and Series D Stock (collectively, the “Preferred
Stock”) shall automatically convert to Common Stock, par value $0.001 per share, of the
Corporation (the “Common Stock”) upon the closing of a Qualifying Public Offering
(as defined in the Charter) at the then effective and applicable Conversion Price (as
defined in the Charter); and

WHEREAS: In connection with the approval of the Initial Public Offering, the undersigned
Stockholders have determined that it is in the best interests of the Corporation that the
Initial Public Offering consummated by the Corporation be deemed to be a Qualifying Public
Offering under the Charter regardless of whether the price per share of the Common Stock
sold to the public is equal to or greater than one and one-half (1 1/2) times the applicable
Original Issue Price for the Series D Stock (as defined in the Charter), and that upon the
closing of the Initial Public Offering all of the Preferred Stock shall automatically
convert into Common Stock in accordance with Article V, Section C.5 of the Charter.

NOW, THEREFORE, BE IT

RESOLVED: That the undersigned Stockholders hereby agree and consent that, regardless of
whether the price per share of the Common Stock sold to the public in the Initial Public
Offering is equal to or greater than one and one-half (1 1/2) times the applicable Original
Issue Price for the Series D Stock, the Initial Public Offering consummated by the
Corporation will be deemed to be a Qualifying Public Offering (as such term is defined in
the Charter) and that upon the closing of the Initial Public Offering all outstanding shares
of Preferred Stock shall automatically convert into shares of Common Stock at the then
effective and applicable Conversion Price in accordance with Article V, Section C.5 of the
Charter.

Termination of Rights Under Investor Rights Agreement

WHEREAS: The Corporation is a party to that certain Fourth Amended and Restated Investor
Rights Agreement (the “IR Agreement”), dated May 24, 2006, with the Purchasers named
therein;

 

 

WHEREAS: Under Section 3 of the IR Agreement, the Purchasers have certain rights of first
refusal with respect future issuances of securities by the Corporation;

WHEREAS: Under Section 4 of the IR Agreement the Corporation is subject to certain covenants
relating to the operation of its business and the disclosure of certain financial
information to the Purchasers; and

WHEREAS: Under the terms of the IR Agreement, the rights of the Purchasers under Section 3
of the IR Agreement and the obligations of the Corporation under Section 4 of the IR
Agreement shall terminate upon the closing of the Qualifying Public Offering.

NOW, THEREFORE, BE IT

RESOLVED: That pursuant to Section 3.1(f)(viii) of the IR Agreement, the undersigned
acknowledge and agree that the Purchasers’ rights of first refusal under Section 3 of the IR
Agreement shall not apply to the shares of Common Stock issued in connection with the
Initial Public Offering, and the undersigned hereby waive all such rights with respect to
the Initial Public Offering; and

RESOLVED, FURTHER: That the undersigned Stockholders hereby agree and consent that the
Initial Public Offering consummated by the Corporation will be deemed to be a Qualifying
Public Offering (as defined in the IR Agreement) and that upon the closing of the Initial
Public Offering the rights of the Purchasers under Section 3 of the IR Agreement and the
obligations of the Corporation under Section 4 of the IR Agreement shall terminate and be of
no further force or effect.

Termination of Right of First Refusal and Co-Sale Agreement

WHEREAS: The Corporation is a party to that certain Fourth Amended and Restated Right of
First Refusal and Co-Sale Agreement (the “Co-Sale Agreement”), dated May 24, 2006,
with the Purchasers and Key Holders named therein; and

WHEREAS: Under the Co-Sale Agreement, the Key Holders are subject to certain transfer
restrictions with respect to the proposed transfer of any Shares (defined therein), and the
Corporation and Purchasers have certain rights of first refusal and co-sale with respect to
proposed transfers of Shares by Key Holders; and

WHEREAS: Under Section 8.1 of the Co-Sale Agreement, upon the closing of a Qualifying Public
Offering (as defined therein) the Co-Sale Agreement automatically terminates, and, under
Section 8.2 of the Co-Sale Agreement the rights of first refusal and co-sale of the
Corporation and Purchasers set forth in provisions 3, 4, 5 and 6 therein with respect to
proposed transfers of Shares by Key Holders shall not apply.

NOW, THEREFORE, BE IT

 

 

RESOLVED: That the undersigned Stockholders hereby agree and consent that the Initial Public
Offering consummated by the Corporation will be deemed to be a Qualifying Public Offering
(as defined in the Co-Sale Agreement) and that, pursuant to Section 8.2 of the Co-Sale
Agreement, the provisions of Sections 3, 4, 5 and 6 shall not apply to any sale of Shares
transferred pursuant to the Initial Public Offering, and that pursuant to Section 8.1 of the
Co-Sale Agreement, upon the consummation of the Initial Public Offering the Co-Sale
Agreement shall terminate and be of no further force or effect.

Termination of Voting Agreement

WHEREAS: The Corporation is a party to that certain Fourth Amended and Restated Voting
Agreement (the “Voting Agreement”), dated May 24, 2006, with the Purchasers and
Stockholders named therein; and

WHEREAS: Pursuant to Section 3(b) of the Voting Agreement, upon the closing of a Qualifying
Public Offering (as defined therein), the Voting Agreement shall terminate.

NOW, THEREFORE, BE IT

RESOLVED: That the undersigned Stockholders hereby agree and consent that the Initial Public
Offering consummated by the Corporation will be deemed to be a Qualifying Public Offering
(as defined in the Voting Agreement) and that, pursuant to Section 3(b) of the Voting
Agreement, upon the consummation of the Initial Public Offering the Voting Agreement shall
terminate and be of no further force or effect.

General

RESOLVED: That the appropriate officer or officers of the Corporation, acting for,
on behalf of, and in the name of, the Corporation, shall be, and hereby are,
authorized, empowered and directed to take any and all actions and to execute,
deliver and file any and all agreements, instruments, and documents as the officer
or officers so acting shall determine to be necessary or appropriate to consummate
the transactions contemplated by the foregoing resolutions, the taking of such
actions to be conclusive evidence that the same was deemed to be necessary or
appropriate and was authorized hereby;

RESOLVED, FURTHER: That all actions heretofore taken by the officers of the Corporation
with respect to the transactions contemplated thereby and by the foregoing resolutions are
hereby ratified, confirmed, approved and adopted in all respects; and

 

 

RESOLVED, FURTHER: That this Written Consent may be executed with counterpart signatures
and that when all of the counterpart signatures are assembled together, this Written Consent
shall be considered fully executed and all of the resolutions herein adopted and approved.

[Signatures Appear on the Following Pages]

 

 

IN WITNESS WHEREOF, each of the undersigned Stockholders, as of the Effective Date set forth
above, by executing this Written Consent, waives notice of the time, place and purpose of the
Special Meeting of the Stockholders and agrees to the transaction of the business of the Special
Meeting by written consent of the Stockholders in lieu of such meeting.

	 	 	 	 	 	 	 
	 	 	SERIES D PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	MERITECH CAPITAL PARTNERS III L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	By: Meritech Capital Associates III L.L.C., its General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	By: Meritech Management Associates III L.L.C. a managing member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Michael B. Gordon, a managing member	 	 
	 
	 	 	 	 	 	 
	 	 	MERITECH CAPITAL AFFILIATES III L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	By: Meritech Capital Associates III L.L.C., its General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	By: Meritech Management Associates III L.L.C. a managing member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Michael B. Gordon, a managing member	 	 
	 
	 	 	 	 	 	 
	 	 	NEW ENTERPRISE ASSOCIATES 10,	 	 
	 	 	LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	NEA Partnership 10, Limited Partnership	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Charles W. Newhall III	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Charles W. Newhall III	 	 
	 

	 	Title:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	SEQUOIA CAPITAL FRANCHISE FUND	 	 
	 	 	SEQUOIA CAPITAL FRANCHISE PARTNERS	 	 
	 
	 	 	 	 	 	 
	 	 	By: SCFF Management, LLC	 	 
	 	 	a Delaware Limited Liability Company	 	 
	 	 	General Partner of Each	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Doug Leone 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Doug Leone	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES D PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	SIERRA VENTURES VIII-A, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Tim Guleri	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the	 	 
	 	 	General Partner of Sierra Ventures VIII-A, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES VIII-B, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Tim Guleri	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the	 	 
	 	 	General Partner of Sierra Ventures VIII-B, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VIII, L.L.C.,	 	 
	 	 	as nominee for its members:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Tim Guleri	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES VII, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David C. Schwab	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	David C. Schwab	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VII, LLC the	 	 
	 	 	General Partner of Sierra Ventures VII, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VII, L.L.C.,	 	 
	 	 	as nominee for its members	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David C. Schwab	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	David C. Schwab	 	 
	 

	 	Title:
	 	Manager	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES D PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	CORE CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Pascal Luck	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Pascal Luck	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	MINOTAUR LLC	 	 
	 
	 	 	 	 	 	 
	 	 	

	 

	 	By:
	 	/s/ Mark Levine	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Mark Levine	 	 
	 

	 	Title:
	 	Managing Member	 	 
	 	 	

	 
	 	 	 	 	 	 
	 	 	MINOTAUR ANNEX LLC	 	 
	 
	 	 	 	 	 	 
	 	 	

	 

	 	By:
	 	/s/ Mark Levine	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Mark Levine	 	 
	 

	 	Title:
	 	Managing Member	 	 
	 	 	

	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Inflection Point Associates, L.P.	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	/s/ Timothy Webb	 	 
	 

	 	By:
	 	Inflection Point Management, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES II, L.P.	 	 
	 

	 	 	 	 	 	 
	 
	 
	 	 	 	/s/ Timothy Webb	 	 
	 

	 	 	 	 	 	 
	 

	 	By:
	 	Inflection Point SBIC Associates, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES D PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	BIG BASIN PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Frank Marshall	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	CROSS CREEK CAPITAL, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Cross Creek Capital GP, L.P.	 	 
	 

	 	 	 	Its Sole General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Cross Creek Capital, LLC	 	 
	 

	 	 	 	Its Sole General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Wasatch Advisors, Inc.	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Daniel Thurber	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	CROSS CREEK CAPITAL EMPLOYEES’ FUND, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Cross Creek Capital GP, L.P.	 	 
	 

	 	 	 	Its Sole General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Cross Creek Capital, LLC	 	 
	 

	 	 	 	Its Sole General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Wasatch Advisors, Inc.	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Daniel Thurber	 	 
	 

	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES D PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	MARYLAND DEPARTMENT OF BUSINESS	 	 
	 	 	AND ECONOMIC DEVELOPMENT	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rayman B. Dizon	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	RAYMAN B. DIZON	 	 
	 

	 	Its:
	 	MANAGING DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ MARK A. FRANTZ	 	 
	 	 	 	 	 
	 	 	MARK A. FRANTZ	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES C PREFERRED STOCKHOLDERS:
	 
	 	 	 	 	 	 
	 	 	SEQUOIA CAPITAL FRANCHISE FUND
	 	 	SEQUOIA CAPITAL FRANCHISE PARTNERS
	 
	 	 	 	 	 	 
	 	 	By: SCFF Management, LLC
	 	 	a Delaware Limited Liability Company
	 	 	General Partner of Each
	 
	 	 	 	 	 	 
	 	 	

	 

	 	By:
	 	/s/ Doug Leone
 

	 	 
	 

	 	Name:
	 	Doug Leone	 	 
	 	 	

	 
	 	 	 	 	 	 
	 	 	NEW ENTERPRISE ASSOCIATES 10,
	 	 	 LIMITED PARTNERSHIP
	 
	 	 	 	 	 	 
	 

	 	By:
	 	NEA Partnership 10, Limited Partnership	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Charles W. Newhall III
 

	 	 
	 

	 	Name:
	 	Charles W. Newhall III	 	 
	 

	 	Title:
	 	General Partner	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SERIES C PREFERRED STOCKHOLDERS:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SIERRA VENTURES VIII-A, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:

Name:
	 	/s/ Tim Guleri
 

Tim Guleri
	 	 
	 

	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	on behalf of Sierra Ventures Associates VIII, LLC the General Partner of Sierra
Ventures VIII-A, L.P.
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SIERRA VENTURES VIII-B, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Tim Guleri	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Tim Guleri	 	 
	 

	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	on behalf of Sierra Ventures Associates VIII, LLC the General Partner of Sierra
Ventures VIII-B, L.P.
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SIERRA VENTURES ASSOCIATES VIII, L.L.C.,
	 	 	 	 	  as nominee for its members:
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Tim Guleri	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Tim Guleri	 	 
	 

	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SIERRA VENTURES VII, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ David C. Schwab
 

	 	 
	 

	 	 	 	Name:
	 	David C. Schwab	 	 
	 

	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	on behalf of Sierra Ventures Associates VII, LLC the General Partner of Sierra
Ventures VII, L.P.
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SIERRA VENTURES ASSOCIATES VII, L.L.C.,
	 	 	 	 	 as nominee for its members
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ David C. Schwab	 	 
	 

	 	 	 	Name:
	 	 

David C. Schwab
	 	  
	 

	 	 	 	Title:
	 	Manager	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SERIES C PREFERRED STOCKHOLDERS:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	CORE CAPITAL PARTNERS, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Pascal Luck
 

	 	 
	 

	 	 	 	Name:
	 	Pascal Luck	 	 
	 

	 	 	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	MINOTAUR FUNDS, LLC
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Mark Levine
 

	 	 
	 

	 	 	 	Name:
	 	Mark Levine	 	 
	 

	 	 	 	Title:
	 	Managing Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	INFLECTION POINT VENTURES L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Inflection Point Associates, L.P.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 	 	   
	 

	 	 	 	By:
	 	Inflection Point Management, LLC	 	 
	 

	 	 	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Timothy Webb	 	 
	 

	 	 	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	INFLECTION POINT VENTURES II, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Inflection Point SBIC Associates, LLC	 	 
	 

	 	 	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Timothy Webb	 	 
	 

	 	 	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	BIG BASIN PARTNERS, L.P.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	/s/ Frank Marshall	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Frank Marshall	 	 
	 

	 	 	 	Its:
	 	General Partner	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES C PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	Asheem Chandna and Aarti Chandna, as

Trustees of the Chandna Family Revocable

Trust as of April 13, 1998	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Asheem Chandna
 

Asheem Chandna
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Aarti Chandna
 

Aarti Chandna
	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ MARK A. FRANTZ	 	 
	 	 	 	 	 
	 	 	MARK A. FRANTZ	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ FRANK A. BONSAL, JR.	 	 
	 	 	 	 	 
	 	 	FRANK A. BONSAL, JR.	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES B PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	NEW ENTERPRISE ASSOCIATES 10, LIMITED

PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 	 	By: NEA Partners 10, Limited Partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Charles W. Newhall III
 

	 	 
	 	 	Name: Charles W.
Newhall III

Title: General Partner	 	 
	 
	 	 	 	 	 	 
	 	 	NEA VENTURES 2003, LIMITED

PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Pamela J. Clark
 

	 	 
	 	 	Name: Pamela J. Clark

Title: Vice President	 	 

 

 

	 	 	 	 	 
	 	 	SERIES B PREFERRED STOCKHOLDERS:
	 
	 	 	 	 
	 	 	SIERRA VENTURES VIII-A, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri
	 

	 	 	 	 
	 	 	Name: Tim Guleri
	 	 	Title: Manager
	 
	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the

General Partner of Sierra Ventures VIII-A, L.P.
	 
	 	 	 	 
	 	 	SIERRA VENTURES VIII-B, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri
	 

	 	 	 	 
	 	 	Name: Tim Guleri
	 	 	Title: Manager
	 
	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the

General Partner of Sierra Ventures VIII-B, L.P.
	 
	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VIII, L.L.C.,

as nominee for its members:
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Tim Guleri
	 

	 	 	 	 
	 	 	Name: Tim Guleri
	 	 	Title: Manager
	 
	 	 	 	 
	 	 	SIERRA VENTURES VII, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Schwab
	 

	 	 	 	 
	 	 	Name: David C. Schwab
	 	 	Title: Manager
	 
	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VII, LLC the

General Partner of Sierra Ventures VII, L.P.
	 
	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VII, L.L.C.,

as nominee for its members
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Schwab
	 

	 	 	 	 
	 	 	Name: David C. Schwab
	 	 	Title: Manager

 

 

	 	 	 	 	 	 	 
	 	 	SERIES B PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	CORE CAPITAL PARTNERS, L.P.	 	 
	 
	 

	 	By:

Name:
	 	/s/ Pascal Luck
 

Pascal Luck
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	MINOTAUR FUNDS, LLC	 	 
	 
	 	 	 	 	 	 
	 	 	

	 

	 	By:
	 	/s/ Mark Levine	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Mark Levine	 	 
	 

	 	Title:
	 	Managing Member	 	 
	 	 	

	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES L.P.	 	 
	 
	 

	 	By:
	 	Inflection Point Associates, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 
	 

	 	By:
	 	Inflection Point Management, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 
	 

	 	By:
	 	Inflection Point SBIC Associates, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 

 

 

	 	 	 	 	 
	 

	 	SERIES B PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 
	 

	 	BIG BASIN PARTNERS, L.P.	 	 
	 
	 	 	 	 
	 

	 	/s/ Frank Marshall
 

By: Frank Marshall
	 	 
	 

	 	Its: General Partner	 	 
	 
	 	 	 	 
	 

	 	/s/ Frank A. Bonsal Jr.
 

FRANK A. BONSAL, JR.
	 	 
	 
	 	 	 	 
	 

	 	/s/ Mark A. Frantz
 

MARK A. FRANTZ
	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES A PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES VIII-A, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Tim Guleri
 

Tim Guleri
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the General
Partner of Sierra Ventures VIII-A, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES VIII-B, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Tim Guleri
 

Tim Guleri
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VIII, LLC the	 	 
	 	 	General Partner of Sierra Ventures VIII-B, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VIII, L.L.C.,	 	 
	 	 	as nominee for its members:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Tim Guleri
 

Tim Guleri
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES VII, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David C. Schwab
 

David C. Schwab
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	on behalf of Sierra Ventures Associates VII, LLC the 
General Partner of Sierra
Ventures VII, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	SIERRA VENTURES ASSOCIATES VII, L.L.C.,	 	 
	 	 	as nominee for its members	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David C. Schwab
 

David C. Schwab
	 	 
	 

	 	Title:
	 	Manager	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES A PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES L.P.	 	 
	 
	 	 	By:     Inflection Point Associates, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 
	 

	 	By:
	 	Inflection Point Management, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 
	 	 	INFLECTION POINT VENTURES II, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Timothy Webb	 	 
	 	 	 	 	 
	 

	 	By:
	 	Inflection Point SBIC Associates, LLC	 	 
	 

	 	Its:
	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Timothy Webb	 	 
	 

	 	Title:
	 	Authorized Manager	 	 
	 
	 	 	 	 	 	 
	 	 	CORE CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Pascal Luck
 

Pascal Luck
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	MINOTAUR FUNDS, LLC	 	 
	 
	 	 	 	 	 	 
	 	 	

	 

	 	By:

Name:
	 	/s/ Mark Levine
 

Mark Levine
	 	 
	 

	 	Title:
	 	Managing Member	 	 
	 	 	

	 
	 	 	 	 	 	 
	 	 	BIG BASIN PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Frank Marshall
 

Frank Marshall
	 	 
	 

	 	Its:
	 	General Partner	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SERIES A PREFERRED STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	MARYLAND DEPARTMENT OF BUSINESS	 	 
	 	 	AND ECONOMIC DEVELOPMENT	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Raymar B. Dizon
 

Raymar B. Dizon
	 	 
	 

	 	Its:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	Asheem Chandna and Aarti Chandna, as	 	 
	 	 	Trustees of the Chandna Family Revocable	 	 
	 	 	Trust as of April 13, 1998	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Asheem Chandna
 

Asheem Chandna
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Aarti Chandna
 

Aarti Chandna
	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ E. Wayne Jackson, III	 	 
	 	 	 	 	 
	 	 	E. Wayne Jackson, III

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]