Document:

Amendment No. 1 to Loan and Security Agreement

 Exhibit 10.56 
 AMENDMENT NO. 1 
 TO 
 LOAN AGREEMENT 
 AMENDMENT NO. 1 TO LOAN AGREEMENT, dated as of August 27, 2009 (this “Agreement”), among MULTI-FINELINE ELECTRONIX, INC., a Delaware corporation (“U.S. Borrower”), MULTI-FINELINE
ELECTRONIX SINGAPORE PTE. LTD., a Singapore corporation (“Singapore Borrower”, and together with U.S. Borrower, collectively, “Borrowers”), the various Subsidiaries (such capitalized term and all other
capitalized terms not defined herein shall have the meanings provided for in Article I) of the Borrowers that are parties hereto, the various financial institutions that are parties hereto (collectively, “Lenders”), and
BANK OF AMERICA, N.A., a national banking association, as agent for the Lenders (“Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, the Borrowers, the Lenders and the Agent are parties to the Loan and Security Agreement, dated
as of February 12, 2009 (the “Existing Loan Agreement”), and the other Loan Documents; and 
 WHEREAS, the Borrowers have requested that, as of the Effective Date, the Existing Loan Agreement be amended as herein provided; and 
 WHEREAS, the Lenders are willing, subject to the terms and conditions hereinafter set forth, to make such amendments; 
 NOW, THEREFORE, in consideration of the agreements herein contained, the parties hereto hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.1. Certain Definitions. The following terms (whether or not underscored) when used in this Agreement shall have the
following meanings: 
 “Agent”: defined in the preamble. 
 “Agreement”: is defined in the preamble. 
 “Amended Loan Agreement”: the Existing Loan Agreement as amended by this Agreement as of the Effective Date. 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 

 “Borrowers”: defined in the preamble. 
 “Effective Date”: defined in Section 5.1. 
 “Existing Loan Agreement”: defined in the first recital. 
 “Lenders”: defined in the preamble. 
 “Singapore Borrower” defined in the preamble. 
 “U.S. Borrower” defined in the preamble. 
 SECTION 1.2. Other
Definitions. Unless otherwise defined or the context otherwise requires, terms used herein (including in the preamble and recitals hereto) have the meanings provided for in the Existing Loan Agreement. 
 ARTICLE II 
 AMENDMENTS 
 Effective on (and subject to the occurrence of) the Effective Date, the Existing Loan
Agreement is amended as follows: 
 SECTION 2.1. Addition to Section 1.1. (a) The following new
definitions are added to Section 1.1 of the Existing Loan Agreement in the appropriate alphabetical order: 
 “Amendment No. 1 to Loan Agreement” means Amendment No. 1 to Loan Agreement, dated as of August 27, 2009, among the parties to this Agreement. 
 [CONFIDENTIAL TREATMENT REQUESTED]: [CONFIDENTIAL TREATMENT REQUESTED], a Canadian corporation, provided that such company does not have its
principal office or any assets in any of Brazil, China, Mexico, Vietnam, Thailand or any other country that is not acceptable to Agent. 
 [CONFIDENTIAL TREATMENT REQUESTED]: [CONFIDENTIAL TREATMENT REQUESTED], a Taiwan corporation, provided that such company does not have its principal office or any assets in any of Brazil, China, Mexico,
Vietnam, Thailand or any other country that is not acceptable to Agent. 
 [CONFIDENTIAL TREATMENT REQUESTED]: [CONFIDENTIAL
TREATMENT REQUESTED], a Canadian corporation, provided that such company does not have its principal office or any assets in any of Brazil, China, Mexico, Vietnam, Thailand or any other country that is not acceptable to Agent. 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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 (b) The following defined terms in Section 1.1 of the Existing Loan Agreement are
amended as follows: 
 “Availability Block”: 
  

							
	Revolver Commitments	  	Cash and Cash Equivalents
on Deposit with Bank of America
and its Affiliates
	  	$40 million
or less	  	Greater than
$40 million but less
than $60 million	  	$60 million
or more
	 	 	 	 
	 $40 million or less
	  	$6 million	  	$3 million	  	None
	 	 	 	 
	 Greater than $40 million
	  	$10 million	  	$5 million	  	None

 Cash and Cash Equivalents on deposit with Bank of America and its Affiliates shall include such
deposits of the U.S. Borrower and each Subsidiary of the U.S. Borrower. The Availability Block may be apportioned between the Singapore Revolver Loans and the U.S. Revolver Loans in the discretion of Agent. The Agent’s determination of the
amount of cash and Cash Equivalents on deposit with Bank of America and its Affiliates shall be conclusive, absent manifest error. 
 “Eligible Account”: an Account owing to a Borrower that arises in the Ordinary Course of Business from the sale of goods, is payable in Dollars and is deemed by Agent, in its discretion, to be an Eligible Account. Without
limiting the foregoing, no Account shall be an Eligible Account if: 
 (a) it is unpaid for more than 60 days
after the original due date, or more than 90 days after the original invoice date; 
 (b) 25% or more of the
Accounts owing by the Account Debtor are not Eligible Accounts under the foregoing clause; 
 (c) except as set
forth in the proviso in this clause and clause (g)(ii), when aggregated with other Accounts owing by the Account Debtor, it exceeds 15% of the aggregate Eligible Accounts (or such higher percentage as Agent may establish for the Account Debtor from
time to time); provided, however, in the case of Accounts owing by 
 (i) [CONFIDENTIAL TREATMENT
REQUESTED], it exceeds [CONFIDENTIAL TREATMENT REQUESTED] of the aggregate Eligible Accounts, 
 Information in this exhibit marked
[CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the
omitted portions. 
  

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 (ii) [CONFIDENTIAL TREATMENT REQUESTED], it exceeds [CONFIDENTIAL TREATMENT
REQUESTED] of the aggregate Eligible Accounts, 
 (iii) [CONFIDENTIAL TREATMENT REQUESTED], it exceeds
[CONFIDENTIAL TREATMENT REQUESTED] of the aggregate Eligible Accounts (or, in the case of the preceding clause (i), (ii) or (iii), such other percentage as established for the applicable Account Debtor from time to time by Agent based on
Agent’s opinion of the creditworthiness and risk profile of the Account Debtor); 
 (iv) [CONFIDENTIAL
TREATMENT REQUESTED], it exceeds [CONFIDENTIAL TREATMENT REQUESTED] of the aggregate Eligible Accounts; 
 (v)
[CONFIDENTIAL TREATMENT REQUESTED], it exceeds [CONFIDENTIAL TREATMENT REQUESTED] of the aggregate Eligible Accounts; or 
 (vi) [CONFIDENTIAL TREATMENT REQUESTED], it exceeds [CONFIDENTIAL TREATMENT REQUESTED] of the aggregate Eligible Accounts; 
 (d) it does not conform with a covenant or representation herein; 
 (e) it is owing by a creditor or supplier, or is otherwise subject to a potential offset, counterclaim, dispute, deduction,
discount, recoupment, reserve, defense, chargeback, credit or allowance (but ineligibility shall be limited to the amount thereof); 
 (f) an Insolvency Proceeding has been commenced by or against the Account Debtor; or the Account Debtor has suspended or ceased doing business, is liquidating, dissolving or winding up its affairs, or is
not Solvent; or a Borrower is not able to bring suit or enforce remedies against the Account Debtor through judicial process; 
 (g) the Account Debtor is organized or has its principal offices or assets outside the United States or Canada; provided that 
 (i) notwithstanding the foregoing [CONFIDENTIAL TREATMENT REQUESTED] shall, in any event, be acceptable Account Debtors
pursuant to this clause (g) and subject to the concentration limits set forth in clause (c) above; and 
 (ii) Accounts in which the Account Debtor is organized or has its principal office or assets outside of Brazil, Mexico, China, Vietnam or Thailand may be Eligible Accounts if (A) the applicable Account Debtor is acceptable to

 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities
and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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Agent, (B) the principal office and assets of the applicable Account Debtor are located in a country that is acceptable to Agent and (C) the aggregate amount of all such Accounts that
is included as part of the Aggregate Borrowing Base does not exceed 5% of the Revolver Commitment (it being understood that [CONFIDENTIAL TREATMENT REQUESTED] shall be subject to the requirements preceding clause (g)(i)); 
 (h) it is owing by a Government Authority, unless the Account Debtor is the United States or any department, agency or
instrumentality thereof and the Account has been assigned to Agent in compliance with the Assignment of Claims Act; 
 (i) it is not subject to a duly perfected, first priority Lien in favor of Agent, or is subject to any other Lien; 
 (j) the goods giving rise to it have not been delivered to and accepted by the Account Debtor, the services giving rise to it have not been accepted by the Account Debtor, or it otherwise does not
represent a final sale; 
 (k) it is evidenced by Chattel Paper or an Instrument of any kind, or has been reduced
to judgment; 
 (l) its payment has been extended, the Account Debtor has made a partial payment, or it arises
from a sale on a cash-on-delivery basis; 
 (m) it arises from a sale to an Affiliate, from a sale on a
bill-and-hold, guaranteed sale, sale or return, sale on approval, consignment, or other repurchase or return basis, or from a sale to a Person for personal, family or household purposes; 
 (n) it represents a progress billing or retainage; or 
 (o) it includes a billing for interest, fees or late charges, but ineligibility shall be limited to the extent thereof. In
calculating delinquent portions of Accounts under clauses (a) and (b), credit balances more than 90 days old will be excluded. 
 SECTION 2.2. Amendments to Section 10.1.2. Subsections (b) of (c) of Section 10.1.2 of the Existing Loan Agreement are hereby amended by deleting the phrase “by the chief financial officer or
controller of the U.S. Borrower” and replacing it with the phrase “by the chief financial officer, treasurer or controller of the U.S. Borrower”. 
 SECTION 2.3. Amendments to Section 14.1.1. Section 14.1.1 of the Existing Loan Agreement is amended in the entirety as follows: 
 14.1.1 Amendment. No modification of any Loan Document, including any extension or amendment of a Loan Document or any waiver of a
Default or Event of Default, shall be effective without the prior written agreement of Agent (with 
 Information in this exhibit marked
[CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the
omitted portions. 
  

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the consent of Required Lenders) and each Obligor party to such Loan Document; provided, however, that: 
 (a) without the prior written consent of Agent, no modification shall be effective with respect to any provision in a Loan
Document that relates to any rights, duties or discretion of Agent; 
 (b) without the prior written consent of
(i) Issuing Bank, no modification shall be effective with respect to any LC Obligations or Section 2.2; 
 (c) without the prior written consent of each affected Lender, no modification shall be effective that would (i) increase the Revolver Commitment of such Lender; or (ii) reduce the amount of, or
waive or delay payment of, any principal, interest or fees payable to such Lender; and 
 (d) without the prior
written consent of all Lenders (except a Defaulting Lender as provided in Section 4.2), no modification shall be effective that would (i) extend the Revolver Termination Date; (ii) alter Section 5.5, 7.1
(except to add Collateral) or 14.1.1; (iii) amend the definitions Pro Rata or Required Lenders; (iv) amend the definitions Eligible Account or Accounts Formula Amount that has the effect of weakening or eliminating any eligibility
criteria or increasing the amount available to be borrowed pursuant to such definitions; (v) increase any advance rate, decrease the Availability Block or, except as provided in Section 2.1.7, increase total Revolver Commitments;
(vi) release Collateral with a book value greater than $2,000,000 during any calendar year, except as currently contemplated by the Loan Documents; or (vii) release any Obligor from liability for any Obligations, if such Obligor is Solvent
at the time of the release. 
 SECTION 2.4. Amendments to Exhibit D. Exhibit D of the Existing Loan
Agreement is hereby amended as follows: 
 the bracketed language “[chief financial officer or controller]” in the
first sentence thereof is deleted and replaced with “[chief financial officer, treasurer or controller]”; and 
 the
bracketed language “[Chief Financial Officer] [Controller]” in the final line of the signature block of Exhibit D is deleted and replaced with “[Chief Financial Officer] [Treasurer] [Controller]”. 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 In order to
induce the Lenders to make the amendments provided for in Article II, each Borrower hereby (a) represents and warrants that (i) each of the representations and warranties of the Obligors contained in the Loan Agreement and in the
other Loan Documents is true and correct as of the date hereof as if made on the date hereof (except, if any such representation and warranty relates to an earlier date, such representation and warranty shall be true and correct as of such earlier
date) and (ii) no Default or Event of Default has occurred and is continuing and (b) agrees that the incorrectness in any material respect of any representation and warranty contained in the preceding clause (a) shall
constitute an immediate Event of Default. Without limiting the foregoing, each Borrower hereby (i) ratifies and confirms all of the terms, covenants and conditions set forth in the Loan Documents and hereby agrees that it remains
unconditionally liable to the Agent and the Lenders in accordance with the respective terms, covenants and conditions set forth in the Loan Documents, and all the Collateral thereto in favor of the Agent and each Lender continues unimpaired and in
full force and effect, and (ii) waives all defenses, claims, counterclaims, rights of recoupment or set-off against any of its Obligations. 
 ARTICLE IV 
 ACKNOWLEDGMENT OF SUBSIDIARIES 
 By executing this Agreement, each Subsidiary of a Borrower that is a party hereto hereby confirms and agrees that each Loan Document to
which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the Effective Date each reference therein to the Loan Agreement shall refer to the Loan
Agreement after giving effect to this Agreement. Without limiting the foregoing, each such Subsidiary waives all defenses, claims, counterclaims, rights of recoupment or set-off with respect to any of such Subsidiary’s Obligations. 

ARTICLE V 
 CONDITIONS TO EFFECTIVENESS; EXPIRATION 
 SECTION 5.1. Effective Date. This
Agreement shall become effective on such date (herein called the “Effective Date”) when the conditions set forth in this Section have been satisfied. 
 SECTION 5.1.1 Execution of Agreement. The Agent shall have received counterparts of this Agreement duly executed and delivered on behalf of each Borrower, each of its Subsidiaries
that are parties hereto, the Agent and all the Lenders. 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been
omitted and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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 SECTION 5.1.2 Representations and Warranties. The representations and
warranties made by each Borrower pursuant to Article III as of the Effective Date shall be true and correct. 
 SECTION 5.2. Expiration. If the Effective Date has not occurred on or prior to August 31, 2009, the agreements of the parties contained in this Agreement shall, unless otherwise agreed by all the Lenders terminate
immediately on such date and without further action. 
 ARTICLE VI 
 MISCELLANEOUS 
 SECTION 6.1. Cross-References. References in this Agreement to any Article or Section are, unless otherwise specified, to such Article or Section of this Agreement. 
 SECTION 6.2. Loan Document Pursuant to Amended Loan Agreement. This Agreement is a Loan Document executed pursuant to
the Amended Loan Agreement. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions contained in the Existing Loan Agreement and each other Loan Document shall remain unamended or otherwise
unmodified and in full force and effect. 
 SECTION 6.3. Limitation of Amendments. The amendments set forth
in Article II shall be limited precisely as provided for herein and shall not be deemed to be a waiver of, amendment of, consent to or modification of any other term or provision of the Existing Loan Agreement or of any term or provision of
any other Loan Document or of any transaction or further or future action on the part of either Borrower or any other Obligor which would require the consent of any of the Lenders under the Existing Loan Agreement or any other Loan Document.

 SECTION 6.4. Counterparts. This Agreement may be executed by the parties hereto in several counterparts,
each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
 SECTION 6.5. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 SECTION 6.6. Further Assurances. Each Borrower shall execute and deliver, and shall cause each other Obligor to execute
and deliver, from time to time in favor of the Agent and the Lenders, such documents, agreements, certificates and other instruments as shall be reasonably requested by the Agent to effect the purposes of this Agreement. 
 SECTION 6.7. Costs and Expenses. Each Borrower agrees to pay all reasonable costs and expenses of the Agent (including
the reasonable fees and out-of-pocket expenses of 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted
and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 

  

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legal counsel of the Agent) that are incurred in connection with the execution and delivery of this Agreement and the other agreements and documents entered into in connection herewith.

 SECTION 6.8. GOVERNING LAW; WAIVER OF JURY TRIAL; ENTIRE AGREEMENT. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH PERSON A PARTY HERETO KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR ANY AGREEMENT OR DOCUMENT ENTERED INTO IN CONNECTION HEREWITH. THIS AGREEMENT CONSTITUTES THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDES ANY PRIOR AGREEMENT, WRITTEN OR ORAL, WITH
RESPECT HERETO. 
 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately
with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers hereunto duly authorized as of the day and year first above written. 
  

			
	BORROWERS:
	
	MULTI-FINELINE ELECTRONIX, INC.
		
	By:	 	 /s/     Thomas Liguori

	Name:	 	Tom Liguori
	Title:	 	Chief Financial Officer
	
	MULTI-FINELINE ELECTRONIX SINGAPORE PTE. LTD.
		
	By:	 	 /s/     Reza A. Mesgin

	Name:	 	Reza Meshgin
	Title:	 	CEO and President

  
 Information in this
exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with
respect to the omitted portions. 
  

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	AGENT AND LENDERS:
	
	BANK OF AMERICA, N.A.,
as Agent and Lender
		
	By:	 	 /s/    Carlos Gil

	Name:	 	Carlos Gil
	Title:	 	Vice President

 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and
will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

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	 SUBSIDIARIES:

	
	AURORA OPTICAL, INC.
		
	By:	 	 /s/    Reza A. Meshgin

	Name:	 	Reza Meshgin
	Title:	 	CEO and President
	
	M-FLEX CAYMAN ISLANDS, INC.
		
	By:	 	 /s/    Reza A. Meshgin

	Name:	 	Reza Meshgin
	Title:	 	CEO and President
	
	PELIKON LIMITED
		
	By:	 	 /s/    Reza A. Meshgin

	Name:	 	Reza Meshgin
	Title:	 	Executive Chairman

 Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and
will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. 
  

 -12-Form of Restricted Stock Unit Agreement

 Exhibit 10.57 
 MULTI-FINELINE ELECTRONIX, INC. 
 2004 STOCK INCENTIVE PLAN 
 NOTICE OF STOCK UNIT AWARD 
 You
have been granted Stock Units representing shares of Common Stock of Multi-Fineline Electronix, Inc. (the “Company”) on the following terms and pursuant to such other terms and conditions as are set forth in the Stock Unit Agreement
and the Multi-Fineline Electronix, Inc. 2004 Stock Incentive Plan (the “Plan”), both of which are attached to and made a part of this document. Certain capitalized terms used in this Notice of Stock Unit Award are defined in the
Plan. 
  

			
	Name of Participant:	  	  

		
	Total Number of Stock Units Granted:	  	  

		
	Date of Grant:	  	                            
            ,             
		
	Vesting Start Date:	  	                            
            ,             
		
	Vesting Schedule:	  	[                                        
  ]

 By signing this document, you acknowledge receipt of a copy of the Plan, and agree
that (a) these Stock Units are granted under and governed by the terms and conditions of the Plan and the Stock Unit Agreement; (b) you have carefully read, fully understand and agree to all of the terms and conditions described in the
attached Stock Unit Agreement and the Plan; (c) you understand and agree that the Stock Unit Agreement, including its cover sheet and attachments, constitutes the entire understanding between you and the Company regarding this Award, and that
any prior agreements, commitments or negotiations concerning this Award are replaced and superseded; and (d) you have been given an opportunity to consult legal counsel with respect to all matters relating to this Award prior to signing this
cover sheet and that you have either consulted such counsel or voluntarily declined to consult such counsel. 
  

					
	PARTICIPANT	 	MULTI-FINELINE ELECTRONIX, INC.
			
	  
	 	By:	 	  

			
	  
	 	Its:	 	  

	Print Name	 		 	

 MULTI-FINELINE ELECTRONIX,
INC. 
 2004 STOCK INCENTIVE PLAN 
 STOCK UNIT AGREEMENT 
  

			
	Payment for Stock Units	  	No payment is required for the Stock Units you receive.
		
	Vesting	  	Subject to the terms and conditions of the Plan and this Stock Unit Agreement (the “Agreement”), your Stock Units vest in accordance with the schedule set forth
in the Notice of Stock Unit Award. In addition, the Stock Units may vest upon such earlier dates as may be specified in any written employment or similar agreement between you and the Company or your actual employer.
		
	Forfeiture	  	If your Stock Units are granted in consideration of your Service as an Employee or a Consultant, after your Service as an Employee or a Consultant terminates for any reason,
vesting of your Stock Units subject to such Award immediately stops and such Award expires immediately as to the number of Stock Units that are not vested as of the date your Service as an Employee or a Consultant terminates. If your Stock Units are
granted in consideration of your Service as an Outside Director, after your Service as an Outside Director terminates for any reason, vesting of your Stock Units subject to such Award immediately stops and such Award expires immediately as to the
number of Stock Units that are not vested as of the date your Service as an Outside Director terminates.
		
		  	If your Service terminates as described above, then your Stock Units will be forfeited to the extent that they have not vested before the termination date and do not vest as a
result of the termination. This means that the Stock Units will immediately be cancelled. You receive no payment for Stock Units that are forfeited.
		
		  	The Company determines when your Service terminates for this purpose and all purposes under the Plan.
		
	[Recoupment of Award – to be used only if a performance vesting RSU]	  	If your Stock Unit becomes vested based on the achievement of financial performance criteria and there is a restatement of the Company’s financial results which would have
resulted in a lesser number of Stock Units becoming vested, then the Company shall have the right, to the extent permissible under applicable law, to seek recoupment of any amount held by you in excess of the amounts, if any, that would have been
vested based on the actual restated financial results. This right of recoupment shall apply to shares issued in settlement of the Stock Units or the proceeds you receive from the sale of such shares, as applicable.]

  

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	Leaves of Absence	  	For purposes of this Award, your Service does not terminate when you go on a bona fide leave of absence that was approved by the Company or your actual employer in writing, if
the terms of the leave provide for continued service crediting, or when continued service crediting is required by applicable law. But your service terminates when the approved leave ends, unless you immediately return to active work. The Company
determines which leaves count toward Service.
		
	Nature of Stock Units	  	Your Stock Units are mere bookkeeping entries. They represent only the Company’s unfunded and unsecured promise to issue shares of Common Stock (or distribute cash) on a
future date. As a holder of Stock Units, you have no rights other than the rights of a general creditor of the Company.
		
	No Voting Rights or Dividends	  	Your Stock Units carry neither voting rights nor rights to dividends. You, or your estate or heirs, have no rights as a stockholder of the Company unless and until your Stock
Units are settled by issuing shares of the Company’s Common Stock. No adjustments will be made for dividends or other rights if the applicable record date occurs before your stock certificate is issued, except as described in the
Plan.
		
	Stock Units Nontransferable	  	You may not sell, transfer, assign, pledge or otherwise dispose of any Stock Unit. For instance, you may not use your Stock Units as security for a loan.
		
	[Settlement of Stock Units – version to use if 10b5-1 plan language is included]	  	Each of your Stock Units will be settled as soon as practicable following vesting, but in any event, no later than two and one-half (2 1/2) months after the end of the calendar year in which the Stock Unit
vests (or, if later, two and one-half (2 1/2) months
after the end of the Company’s fiscal year in which the Stock Unit vests).
		
		  	At the time of settlement, you will receive one share of the Company’s Common Stock for each vested Stock Unit. However, the Company, in its sole discretion, may substitute
an equivalent amount of cash if the distribution of stock is not reasonably practicable due to the requirements of applicable law. The amount of cash will be determined on the basis of the Fair Market Value of the Company’s Common Stock at the
time of settlement.
		
		  	Whenever any Stock Unit is to be settled in installments, the number of Stock Units in any given installment shall be rounded to the nearest whole number to avoid a requirement
to deliver a fractional share.

  

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	[Settlement of Stock Units – version to use if 10b5-1 plan language is not included]	  	 Each of your Stock Units will be settled when it vests.
  

	  	At the time of settlement, you will receive one share of the Company’s Common Stock for each vested Stock Unit. However, the Company, in its sole discretion, may substitute
an equivalent amount of cash if the distribution of stock is not reasonably practicable due to the requirements of applicable law. The amount of cash will be determined on the basis of the Fair Market Value of the Company’s Common Stock at the
time of settlement.
		
		  	Notwithstanding the foregoing, but subject to the last sentence of this paragraph, if a settlement date occurs on a date that is not during a “window period,” then,
unless the Company determines otherwise, the settlement date automatically shall be deferred to the first trading day of the first “window period” beginning after such date. In addition, if a settlement date occurs at a time when the
Company reasonably anticipates that its deduction with respect to the payment otherwise would be limited or eliminated by application of Section 162(m) of the Internal Revenue Code (the “Code”), then, unless the Company determines
otherwise, delivery of the shares of Common Stock (or cash) automatically shall be deferred until the first trading day of the first “window period” after the payment would cease to be subject to such limitation or elimination. In no event
shall settlement be delayed pursuant to this paragraph to a date that is more than 2-1/2 months after the end of the calendar year in which the Stock Unit vests (or, if later, 2-1/2 months after the end of the Company’s fiscal year in which the
Stock Unit vests).
		
		  	A “window period” means a period designated by the Company during which you are permitted to purchase or sell shares of Common Stock.
		
		  	Whenever any Stock Unit is to be settled in installments, the number of Stock Units in any given installment shall be rounded to the nearest whole number to avoid a requirement
to deliver a fractional share.
		
	[Withholding Taxes – version to use if 10b5-1 plan language is included]	  	A. General. No stock certificates or cash will be distributed to you unless you have satisfied all applicable withholding taxes that may be due in connection with any
aspect of this Award, including the grant, vesting and settlement of the Award. The Company shall have no obligation to deliver shares of the Company’s Common Stock until the tax withholding obligations of the Company have been satisfied by
you. If Stock Units are settled in cash, any obligation to withhold taxes shall be satisfied through withholding on the cash amount otherwise payable to you. Stock Units settled in shares of Common Stock shall be subject to Section B, below.

  

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		 	B. Instructions to Sell Shares for Payment of Tax Withholding; Assignment of Sale Proceeds. Subject to compliance with applicable law, the Company’s tax
withholding obligations applicable to you arising at the time of settlement (the “Tax Withholding Obligations”) shall be satisfied through the assignment by you of the proceeds of a sale of a number of whole shares (the
“Tax Settlement Shares”) having a Fair Market Value, as determined by the Company as of the date on which the tax withholding obligations arise equal to the amount of Tax Withholding Obligations.
		
		 	As a condition to receiving any shares of Common Stock, on the date of this Agreement, you hereby agree and irrevocably authorize the Company and any brokerage firm as is
contracted to manage the Company’s employee equity award program or such other broker selected to assist with the implementation of this program (the “Broker”), to take the actions described in this Section to sell
shares of Common Stock upon the vesting of a Stock Unit in order to satisfy the Tax Withholding Obligations.
		
		 	You understand and agree that the number of shares of Common Stock that the Broker will sell will be based on the closing price of the Common Stock on the trading day selected by
the Broker, in its sole discretion, to satisfy the Tax Withholding Obligations. You agree to execute and deliver such documents, instruments and certificates as may reasonably be required in connection with the sale of the shares of Common Stock
pursuant to this Section. You agree that the proceeds received from the sale of the Tax Settlement Shares pursuant to this Section will be used to satisfy the Tax Withholding Obligations and, accordingly, you hereby authorize the Broker to pay such
proceeds to the Company for such purpose. You authorize the Company to withhold from any other compensation payable to you to the extent the proceeds from the sale of the Tax Settlement Shares does not satisfy your Tax Withholding
Obligations.
		
		 	You represent to the Company that, as of the date hereof, you are not aware of any material nonpublic information about the Company or the Common Stock. You further represent and
warrant that you will not directly or indirectly seek to influence the Broker with respect to how the Broker performs its duties pursuant to this Section. You and the Company have structured this Agreement to constitute a “binding
contract” relating to the sale of the Tax Settlement Shares pursuant to this Section, consistent with the affirmative defense to

  

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		  	liability under Section 10(b) of the Securities Exchange Act of 1934 under Rule 10b5-1(c) promulgated under such Act. It is the intent that this Agreement comply with the
requirements of Rule 10b5-1(c)(1)(i)(B) under the Act and that this Agreement shall be interpreted to comply with the requirements of Rule 10b5-1(c). You are aware that in order for this to constitute an instruction pursuant to Rule 10b5-1(c), you
must not alter or deviate from the terms of this instruction (whether by changing the amount, price, or timing of any purchase or sale hereunder), exercise any subsequent discretion over the terms hereof or enter into or alter a corresponding or
hedging transaction with respect to the Common Stock to be sold pursuant to this instruction or any securities convertible into or exchangeable for such Common Stock.
		
	[Withholding Taxes – version to use if 105b-1 plan is not to be included]	  	No stock certificates or cash will be distributed to you unless you have made acceptable arrangements to pay any withholding taxes that may be due in connection with any aspect
of this Award, including the grant, vesting and settlement of the Award. These arrangements may include withholding shares of the Company’s Common Stock that otherwise would be distributed to you when the Stock Units are settled if permitted by
the Company. These arrangements may also include surrendering shares of the Company’s Common Stock that you already own. The Fair Market Value of these shares, determined as of the date when taxes otherwise would have been withheld in cash,
will be applied to the withholding taxes. You also authorize the Company, or your actual employer, to satisfy all withholding obligations of the Company or your actual employer from your wages or other cash compensation payable to you by the Company
or your actual employer.
		
	Restrictions on Resale	  	By signing this Agreement, you agree not to sell any shares of the Company’s Common Stock issued upon settlement of the Stock Units at a time when applicable laws or Company
policies prohibit a sale. This restriction will apply as long as you are an Employee, Consultant or Outside Director.
		
	No Retention Rights	  	Your Award or this Agreement do not give you the right to be retained by the Company or your actual employer in any capacity. The Company and your actual employer reserve the
right to terminate your Service at any time and for any reason without thereby incurring any liability to you.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in the Company’s Common Stock, the number of Stock Units covered by this Award may be adjusted pursuant
to the Plan. Your Award shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate activity as set forth in the Plan.

  

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	Beneficiary Designation	  	You may dispose of your Stock Units in a written beneficiary designation. A beneficiary designation must be filed with the Company on the proper form. It will be recognized only
if it has been received at the Company’s headquarters before your death. If you file no beneficiary designation or if none of your designated beneficiaries survives you, then your estate will receive any vested Stock Units that you hold at the
time of your death.
		
	Amendments Pursuant to Section 409A of the Code	  	You acknowledge that this Agreement and the Plan, or portions thereof, may be subject to Section 409A of the Code, that rules interpreting this Code section may be issued in the
future; and that changes may need to be made to this Agreement to avoid adverse tax consequences under Section 409A. You agree that the Company may amend the Agreement as it deems necessary or desirable to avoid such adverse tax
consequences.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of California (without regard to its choice-of-law provisions).
		
	The Plan and Other Agreements	  	The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan. The Notice of Stock Unit Award,
this Agreement, including its attachments, and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreement, commitment or negotiation concerning this Award are superseded.

 BY SIGNING THE COVER
SHEET OF THIS AGREEMENT, 
 YOU
AGREE TO ALL OF THE TERMS AND CONDITIONS 
 DESCRIBED ABOVE AND IN THE PLAN. 
  

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