Document:

Second Amendment to Lease Agreement, dated as of March 14, 2011

 Exhibit 10.25 
 SECOND AMENDMENT TO LEASE AGREEMENT 
 THE SECOND
AMENDMENT TO LEASE AGREEMENT, made and entered into this
14th day of March, 2011, by and between Zanker
Investment Group, LLC (hereinafter referred to as “Landlord”), and Apache Design Solutions, Inc. (hereinafter referred to as “Tenant”). 
 WITNESSETH 
 WHEREAS, the parties hereto entered into a certain Lease
Agreement dated August 13, 2007 providing for the Lease by Landlord to Tenant of certain Leased Premises known as 2645 Zanker Road, San Jose, California, which Leased Premises are more particularly described in said Lease; and 

WHEREAS, the parties hereto desire to amend the said Lease in certain respects. 

NOW, THEREFORE, for and in consideration of the mutual promises herein contained, the parties hereto agree that said Lease shall be and
the same is hereby amended as follows: 
  

	 	1.	Lease Extension: Tenant shall hereby extend its lease term by four (4) years. Tenant’s current lease ending date of October 31, 2011 will be
extended to now end on October 31, 2015. 

  

	 	2.	Leased Premises: Tenant shall expand into the remainder of the building at 2645 Zanker Road under the following schedule and per Exhibit A:

 On December 1, 2011, or sooner should Landlord obtain control of the space prior to
December 1, 2011, Tenant shall expand its premises on the 2nd floor, currently sized at 26,219 square feet, to include Suite #100 on the
1st floor, sized at 13,623 square feet for a total square
footage of 39,842 square feet and 76.90% of the building as outlined in blue on the attached Exhibit A. Tenant shall have the right to use the furniture in the premises which is currently owned by Landlord. Tenant agrees to maintain he furniture in
good working condition, normal wear and tear excepted. The furniture in Suite #100 will be more specifically itemized and documented by November 1, 2011, in a separate lease exhibit to this amendment. 

On December 1, 2013, or sooner should Landlord obtain control of the space prior to December 1, 2013, Tenant shall expand its
premises to include Suite #101, sized at 11,970 square feet, and thereby take over 100% of the building at 2645 Zanker Road as outlined in green on the attached Exhibit A. Tenant shall have the right to use the furniture in the premises which is
currently owned by Landlord. Tenant agrees to maintain the furniture in good working condition, normal wear and tear excepted. The furniture in Suite #101 will be more specifically itemized and documented by November 1, 2011, in a separate
lease exhibit to this amendment. 
  

	 	3.	Rental Rate: On November 1, 2011, Tenant’s rental rate shall be $1.90 per square foot, full-service, with 4% annual increases thereafter, per the
following schedule: 

  
 1 

 On November 1, 2011, the rent shall be $49,816.10 (26,219 square feet) 

On December 1, 2011, the rent shall be $75,699.80 (39,842 square feet) through and including October 2012. 

On November 1, 2012, the rent shall be $78,727.76 (39,842 square feet) through and including October 2013. 

On November 1, 2013, the rent shall be $81,876.90 (39,842 square feet) through and including November 2013. 

On December 1, 2013, the rent shall be $106,475.73 (51,812 square feet) through and including October 2014. 

On November 1, 2014, the rent shall be $110,734.76 (51,812 square feet) through and including October 2015. 

 

	 	4.	Tenant Improvements: Landlord hereby agrees to the following tenant improvements: 

 

	 	A.	 On or after November 1, 2011, Landlord agrees to recarpet the 2nd floor with a schedule to be determined by Tenant. 

 

	 	B.	 On or after November 1, 2011, Landlord agrees to paint the 2nd floor suite. 

  

	 	C.	 Landlord agrees to immediately replace any stained or damaged ceiling tiles on the 2nd floor. 

  

	 	D.	On December 1, 2013, should Tenant elect, Landlord agrees to demolish the wall between Suites #100 & #101 and create a contiguous first floor.

  

	 	5.	Signage: Tenant shall have the right to building signage on the exterior of the building that is mutually agreeable by Landlord and Tenant and in accordance with
City of San Jose code and regulation. 

  

	 	6.	Security Deposit: Tenant’s existing security deposit of $112,235.20 shall remain unchanged. 

The said Lease shall remain in full force and effect as therein stated, except as herein modified and amended. 

  
 2 

 IN WITNESS THEREOF, this Second Amendment to Lease Agreement is executed the day and year
first above written. 
  

									
	TENANT:	 		 	LANDLORD:
			
	Apache Design Solutions, Inc.
a Delaware Corporation	 		 	Zanker Investment Group, LLC
					
	By	 	 /s/  Andrew Yang
	 		 	By	 	 /s/  Roger Fields

	Print Name: Andrew Yang	 		 	Print Name: Roger Fields
	Print Title: CEO	 		 	Print Title: Member
					
	Date:	 	 4/4/2011
	 		 	Date:	 	 4/4/2011

					
		 		 		 	By	 	 /s/  Jason Peery

		 		 		 	Print Name: Jason Peery
		 		 		 	Print Title: Member
					
		 		 		 	Date:	 	 4/4/2011Letter Agreement, dated as of April 13, 2011

 Exhibit 10.26 
 As of April 13, 2011 
 Bernie Aronson 

 

	 	Re:	Offer Letter 

 Dear Bernie: 

This letter confirms the agreement between you and Apache Design Solutions, Inc., a Delaware corporation (the “Company”),
regarding your membership on the Company’s Board of Directors (the “Board”) and your services to the Company. Such membership shall commence at the next Board meeting (currently scheduled for April 14, 2011) and shall continue
until your successor is duly elected and qualified or until your earlier death, resignation or removal. The Company would like you to serve as a member of its Audit Committee and Nominating and Corporate Governance Committee. 

Cash Compensation 

Board Retention Fee. For so long as you remain a member of the Board, you will earn an annual fee at the annual rate of $40,000.00.

 Travel Reimbursement. The Company will reimburse you for all reasonable, documented travel expenses incurred by you in
connection with your attendance at in-person Board meetings or committees thereof. 
 Stock Option Grant 

As consideration for your services as a member of the Board and subject to the Board’s approval which is expected to occur after the
Company obtains the next independent valuation of its common stock, you will be granted a nonqualified stock option to purchase 25,000 shares of the Company’s common stock (the “Option”), such Option to become vested, subject to your
continued service as a member of the Board and early termination and adjustment as provided in the applicable stock option agreement, in forty-eight (48) substantially equal monthly installments over the forty-eight (48)-month period following
your appointment to the Board. The per-share exercise price of the shares underlying the Option will be equal to the fair market value of the Company’s common stock on the date of the Option grant as determined by the Board in its sole
discretion, and the maximum term of the Option will be ten (10) years. The Option will be granted under the Company’s stock incentive plan as then in effect (the “Plan”) and will be evidenced by and subject to a standard stock
option agreement under the Plan that you will be required to sign as a condition to receiving the Option. The shares underlying the Option will fully accelerate and vest upon the Company’s consummation of a Corporate Transaction (as defined in
the Plan). 

  Page
 2
 
  

 In addition to the Option, as consideration for your services as a member of the Board
and subject to the Board’s approval, on the date of the Company’s next regularly scheduled Board meeting (currently scheduled for May 3, 2011), and provided you remain in Board service and the Company is then a private company (i.e.,
not subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “1934 Act”), on the date of each subsequent twelve-month anniversary thereafter, you will be granted a nonqualified stock option to purchase
12,500 shares of the Company’s common stock (each, an “Annual Option”), each Annual Option to become vested, subject to your continued service as a member of the Board and early termination and adjustment as provided in the applicable
stock option agreement, in twelve equal monthly amounts following the applicable grant date. The per-share exercise price of the shares underlying each Annual Option will be equal to the fair market value of the Company’s common stock on such
date of the Annual Option grant as determined by the Compensation Committee in its sole discretion, and the maximum term of each Annual Option will be ten (10) years. Each Annual Option will be granted under the Plan and will be evidenced by
and subject to a standard stock option agreement under the Plan that you will be required to sign as a condition to receiving the Annual Option. The shares underlying each Annual Option will fully accelerate and vest upon the Company’s
consummation of a Corporate Transaction. 
 If the Company becomes subject to the reporting requirements of the 1934 Act,
however, the terms of your annual refresher grants to be made after the May 2011 initial annual refresher grant shall be as set forth in this paragraph. On or about February 3, 2012, provided you are then providing Board services to the
Company, subject to the approval of the Compensation Committee, you shall be granted a nonqualified option to purchase 2,100 shares of the Company’s common stock. Such option shall vest on the date immediately prior to the date of the
Company’s first annual stockholders’ meeting. On the date of the Company’s first annual stockholders’ meeting and on the date of each subsequent annual stockholders’ meeting thereafter, provided you are then serving on the
Company’s Board of Directors, you shall be granted an additional nonqualified option to purchase 12,500 shares of the Company’s common stock. Each such option shall vest in full on the day immediately preceding the date of the
Company’s subsequent annual meeting of its stockholders. Each option shall have an exercise price equal to the fair market value on the date of grant as determined by the Plan. Each option shall vest in full on the consummation date of a
Corporate Transaction and shall be subject to the terms of the Plan and the ancillary agreements of the Plan. 
 You will not be
eligible for any Company health insurance, workers’ compensation, vacation, retirement or other benefits. As a member of the Board, you will be covered under a directors’ and officers’ liability policy in accordance with the terms of
such policy, as such policy may be amended, replaced or terminated in the discretion of the Board. In addition, you will be indemnified by the Company pursuant to the terms of the Company’s standard indemnification agreement. You will perform
these services as an independent contractor and not as an employee of the Company. 

  Page
 3
 
  

 Confidential Information 
 As a member of the Board, you will have access to certain confidential and proprietary information of the Company. You understand that the Company has rights to information that has been created,
discovered or become known to the Company which is confidential and has commercial value in its business (“Proprietary Information”). For example, Proprietary Information includes, but is not limited to, software programs, other computer
programs and copyrightable material, code, web design or architecture, technical drawings, product ideas, trade secrets, data and know-how, inventions (whether patentable or not), improvements, marketing plans and customer lists. You understand that
your relationship with the Company creates a relationship of confidence and trust between you and the Company. You agree to keep in confidence and trust all Proprietary Information, and you will not use or disclose any Proprietary Information except
as directed by the Company. The Company shall be the sole owner of all rights in and to all Proprietary Information. Upon termination of this letter, or otherwise upon the Company’s request, you agree to return to the Company all Proprietary
Information of the Company. 
 Representations 
 By accepting this offer you represent and warrant that your position as a member of the Board of the Company will not violate any agreement, obligations or understandings that you may have with any third
party or any current or prior employer. Further, you understand that you are not entitled (contractually or otherwise) to serve as a member of the Board for any period of time and that, pursuant to the Company’s bylaws, contracts and applicable
law, you may be removed or replaced at any time, with or without cause, by the Board or the stockholders of the Company. 
 Complete
Agreement 
 This letter agreement and the other documents identified herein constitute the complete, final and exclusive
entire agreement between you and the Company with respect to the terms and conditions of your membership on the Board, and they supersede any other agreement or promises made to you by anyone, whether oral or written, in relation to the subject
matter hereof. This letter agreement will be construed and interpreted in accordance with the laws of the State of California, without regard to conflicts of laws. This letter agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. All numbers shall be subject to stock splits and the like. This letter agreement may be amended or modified by a written agreement between the
parties to this agreement (unless modified or amended in a Board-approved plan, in which case such modifications or amendments shall be binding on you without an additional written agreement). 

  Page
 4
 
  

 We hope you accept our offer and we look forward to a productive and mutually beneficial
working relationship. 
 Thank you. 

 

	
	Best regards,
	
	/s/ Andrew T. Yang
	 Andrew T. Yang
 Chief
Executive Officer
  

 ***************************************************************************************************** 
 I accept the above offer to become a member of the Board of Directors of Apache Design Solutions, Inc., a Delaware corporation. 

 

	
	
	
	/s/ Bernie Aronson
	Bernie Aronson

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]