Document:

EX-10.31

 Exhibit 10.31 
  

 
 October 8, 2010 
 Robert
Singer 
 3100 Fulton St. #5 
 San Francisco, CA 94118 

Dear Robert: 
 I am pleased to offer you the position of Vice
President CRM for Ancestry.com Inc. (the “Company”), to be based in our San Francisco office reporting to Josh Hanna. The basic elements of the remuneration package for this position are as follows: 

 

							
	Salary:	  	$190,000 annualized, payable semi-monthly according to normal Company payroll policy.
		
	Bonus:	  	Target annual bonus of 25% of Salary based upon Company and individual performance goals established by the Company per the terms and conditions of the Company’s Performance Incentive Program. For calendar year
2010, your bonus will be pro-rated based upon actual months worked for the Company in that calendar year. You must be employed by the Company at the time of the bonus payout in order to receive the payout.
		
	Sign-on Bonus:	  	You will be eligible to receive a lump-sum bonus of $10,000 to be paid within 30 days of your hire date.
		
	Start Date:	  	Your start date with the Company will be 11/15, 2010.
				
		  	Please confirm	 	 RMS
	 	. (Initials/Signature)
		
	Orientation:	  	We will coordinate a date and time to conduct a new hire orientation and assist you in completing the new hire paperwork including benefits enrollment forms.
		
	Restricted Stock:	  	Subject to approval by the Company’s Board of Directors, you will be granted 20,000 Ancestry.com Restricted Stock Units. Your grant of restricted stock units will be subject to the terms, definitions and provisions
set forth in the Company’s Stock Incentive Plan and the form of Restricted Stock Units Agreement as approved by the Board.

 In addition to the foregoing, you have the opportunity to participate in all available benefits offered generally to employees
of the Company from time to time. These currently include paid time off, holidays, health, dental, life, disability, a Section 125 cafeteria plan, tuition reimbursement and Ancestry.com, Inc. 401(k) retirement plan, all subject to Ancestry.com,
Inc.’s policies and procedures. 
 The scope and extent of employee benefits offered by the Company may change from time to time. As a condition to
your employment by the Company, you will be required to sign the Company’s standard Agreement to Protect Company Property, a copy of which is enclosed with this letter. 

This letter sets forth the key terms of your proposed employment by the Company, but is not intended and shall not be construed as an employment contract. By
signing below, you accept the terms of employment as outlined above and with the understanding that the employment relationship established by this offer letter is “at-will”. At-will employment means that either you or the Company may
terminate the employment relationship at any time with or without notice, and with or without cause. Notwithstanding the foregoing, if the Company terminates your employment without Cause (and other than as a result of your death or disability) or
you resign for Good Reason, you will be eligible for a severance package as follows: 

 The Company will pay you a severance amount equal to three (3) months of Salary paid out over regular
Company payroll periods, commencing on the first regular Company payroll period after the Release Deadline (defined below). In addition, following any such termination of employment you will be entitled to an additional lump sum severance payment
equal to 80% of your Average Annual Bonus, prorated based on the number of months you were employed during the year of termination, payable on the first regular Company payroll period after the Release Deadline (and in no event later than 70
calendar days after your “separation from service” within the meaning of Section 409A). For purposes of this offer letter, “Average Annual Bonus” means the average annual bonus earned by you under the Company’s
Performance Incentive Program (or any successor annual bonus program) for the year of termination for performance over the two (2) years preceding the year of termination. 

In each case outlined above, the severance payments are contingent upon your signing a general release of claims in favor of the Company and such release of
claims becoming irrevocable within 45 calendar days following your separation from service (such 45th day, the “Release Deadline”). Additionally, in the event of such a termination of employment the Company will reimburse you and any
covered dependents for your medical benefit COBRA premiums for a period of three (3) months following your termination, subject to (1) your providing the Company with adequate proof of payment of such COBRA premiums as determined by the
Company and (2) the taxation of such reimbursements to the extent advisable under Section 105(h) of the Internal Revenue Code of 1986, as amended, or other applicable law. 

In the event that within three (3) months before or within twelve (12) months following a Change of Control you are terminated by the Company
without Cause (and other than as a result of your death or disability), or you resign for Good Reason, you will be entitled to the aforementioned severance package and immediate vesting as to a total of twenty-five percent (25%) of your then
unvested equity or equity-based awards. In addition, the period for which you will be eligible to receive reimbursement for COBRA medical premiums will be increased to a total of six (6) months. 

For purposes of this offer letter, “Cause” means gross negligence in carrying out your duties for the Company or any breach of fiduciary duties to
the Company, conviction of, or plea of guilty or no contest to any felony, any act of fraud or embezzlement, material violation of a Company policy or any unauthorized use or disclosure of confidential information or trade secrets of the Company or
its affiliates, or failure to cooperate in any Company investigation. Neither bad judgment nor mere negligence nor an act of omission reasonably believed by you to have been in, or not opposed to, the interests of the Company, shall constitute
examples of gross negligence. 
 For purposes of this offer letter, “Change of Control” results when: (i) any person or entity other than a
shareholder of the Company (or any parent corporation) as of the date of this offer letter becomes the beneficial owner, directly or indirectly, of securities of the Company (or any parent corporation) representing fifty percent (50%) or more
of the total voting power of all of the Company’s (or any parent corporation’s) then outstanding voting securities, (ii) a merger or consolidation of the Company (or any parent corporation) in which the Company’s (or any parent
corporation’s) voting securities immediately prior to the merger or consolidation do not represent, or are not converted into securities that represent, a majority of the voting power of all voting securities of the surviving entity immediately
after the merger or consolidation, or (iii) a sale of all or substantially all of the assets of the Company (or any parent corporation) or a liquidation or dissolution of the Company (or any parent corporation). 

For purposes of this offer letter, you can resign for “Good Reason” within twelve (12) months following a change of control and within ninety
(90) days after the occurrence of any of the following without your consent: a material reduction of your compensation, duties, authority or responsibilities, relative to your compensation, duties, authority or responsibilities or the
assignment to you of such reduced duties, authority or responsibilities. 

 For purposes of this offer letter, you can resign for “Good Reason” within ninety (90) days after
the occurrence of any of the following without your express written consent: (i) a material reduction of your base compensation, or (ii) a relocation of your principal place of employment to a facility or location more than one hundred
(100) miles from the current location of the Company’s offices as in effect on the date upon which this offer letter is executed, unless the move is part of a relocation of the Company’s offices. 

Notwithstanding anything herein to the contrary, no event described above in this paragraph and the preceding paragraph shall constitute Good Reason unless
(x) you provide the Company notice of such event within thirty (30) days after the first occurrence or existence thereof, which notice specifically identifies the event that you believe constitutes Good Reason and (y) the Company
fails to cure such event within thirty (30) days after delivery of such notice. 
 Any other changes to our at-will employment relationship will be
effective only if contained in a written agreement for that purpose, signed by you and the Company’s VP of People, CEO or Chairman of the Board. 
 The
payments hereunder are intended to be exempt under Treasury Regulation Section 1.409A-1(b) (9)(iii). Notwithstanding the foregoing, to the extent (i) any payments to which you become entitled under this agreement, or any agreement or plan
referenced herein, in connection with your termination of employment constitute deferred compensation subject to (and not exempt from) Section 409A and (ii) you are deemed at the time of such termination of employment to be a
“specified” employee under Section 409A, then such payment or payments shall not be made or commence until the earlier of (i) the expiration of the six (6)-month period measured from the date of your “separation from
service”; or (ii) the date of your death following such separation from service; provided, however, that such deferral shall only be effected to the extent required to avoid adverse tax treatment to you, including (without
limitation) the additional twenty percent (20%) tax for which you would otherwise be liable under Section 409A(a)(l)(B) in the absence of such deferral. Upon the expiration of the applicable deferral period, any payments which would have
otherwise been made during that period (whether in a single sum or in installments) in the absence of this paragraph shall be paid to you or your beneficiary in one lump sum. For purposes of this agreement or any agreement or plan referenced herein,
with respect to any payment that is subject to (and not exempt from) Section 409A of the Code, termination of your employment shall be a “separation from service” within the meaning of Section 409A, and Section 1.409A-1(h)
of the regulations thereunder. 
 The Company, as an at-will employer, reserves the right to modify, revoke, suspend, terminate or change any or all such
terms of employment, in whole or in part, at any time with or without notice. Nothing in terms of employment, either implied or expressed, is to be viewed as an employment contract. Regarding confidentiality, you agree not to divulge, furnish, or
make accessible to anyone outside Ancestry.com, Inc. any knowledge or information coming into your possession during your employment with respect to confidential or secret documents, processes, plans, formulae, devices or material relating to the
business and activities of Ancestry.com, Inc. 
 By signing this letter, you confirm to the Company that you are under no contractual or other legal
obligation that would prohibit you from performing your duties for the Company as described herein. 
 By signing this letter you acknowledge that the
provisions of this offer of employment have been read, are understood and the offer is herewith accepted. You understand that your employment is contingent upon favorable references and a favorable background check. Please signify your acceptance of
this offer of employment, and to further indicate that you understand that this letter does not constitute an employment contract, by signing where indicated below and returning this letter to me by October 12, 2010. 

 If you have any additional questions, please feel free to contact me at (801) 705-7027. We look forward to
your joining our team. 
  

	
	Sincerely,
	
	 /s/ Jeff Weber

	Jeff Weber
	VP, People
	Ancestry.com Inc.

 Accepted and agreed to this 19th day of October, 2010. 

	
	
	 /s/ Robert Singer

	Robert SingerCRAY-12.31.2014- Ex 10.28

Exhibit 10.28

FIRST AMENDMENT TO LEASE

THIS FIRST AMENDMENT TO LEASE is entered into effective as of the 1st day of October, 2009, by and between NEA Galtier, LLC, a Delaware limited liability company, (“Landlord”) and CRAY INC., a Delaware limited liability company (“Tenant”).

RECITALS

A.Landlord and Tenant are parties to that certain Lease Agreement dated July 2, 2009 (the “Lease”) concerning the leasing of premises in the property commonly known as Galtier Plaza located in the City of St. Paul, County of Ramsey, State of Minnesota, as more fully described in the Lease;

B.The parties wish to amend the Lease as set forth below:

AGREEMENT

In consideration of the covenants of the parties’ contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1.    Capitalized terms not defined herein shall have the meaning ascribed to them in the Lease.
2.    Premises. Effective July 31, 2009, Tenant exercised its option with respect to the Option 1 Space as described in the lease an additional 4,996 rentable square feet (Suite 310) on the third floor of the Building.  Accordingly, the definition of the Premises as defined on page (i) of the Basic Lease Information of the Lease is hereby amended to include Option 1 Space. The premises totaling 56,048 rentable square feet is comprised of:

First Floor: 9,307 rentable square feet 
Second Floor: 41,745 rentable square feet 
Third Floor: 4,996 rentable square feet

        

3.    Base Rent. Base Rent for the Premises shall be the following amounts for the following periods of time:

	
				
	 
	First/Second Floors
	Third Floor
	Total

	Lease Month
	Gross Monthly Rent
	Gross Monthly Rent
	Gross Monthly Rent

	11/01/2009 - 04/30/2010
	$0.00
	$0.00
	$0.00

	05/01/2010 - 10/31/2010
	$78,028.83
	$8,060.21
	$86,089.04

	11/01/2010 - 10/31/2011
	$80,369.58
	$8,302.02
	$88,671.60

	11/01/2011 - 10/31/2012
	$82,780.75
	$8,551.08
	$91,331.83

	11/01/2012 - 10/31/2013
	$85,264.17
	$8,807.61
	$94,071.78

	11/01/2013 - 10/31/2014
	$87,822.08
	$9,071.84
	$96,893.92

	11/01/2014 - 10/31/2015
	$90,456.75
	$9,344.00
	$99,800.75

	11/01/2015 - 10/31/2016
	$93,170.42
	$9,624.32
	$102,794.74

	11/01/2016 - 10/3 l/2017
	$95,965.50
	$9,913.05
	$105,878.55

	11/01/2017 - 10/31/2018
	$98,844.50
	$10,210.44
	$109,054.94

	11/01/2018 - 10/31/2019
	$101,809.83
	$10,516.75
	$112,326.58

	11/01/2019 - 04/30/2020
	$104,864.16
	$10,832.25
	$115,696.41

4.    Security Deposit.  The security deposit shall increase from $234,086.49 to
$258,267.12 (Three (3) months’ Gross Full Service Rent, subject to adjustment based on Tenant’s exercise of Tenant’s exercise of Tenant’s Expansion Options).

5.    Substantial Completion; Commencement Date.  Tenant acknowledges that the Premises, including the Option 1 Space, have been substantially completed and that the Actual Commencement Date will be November l, 2009.

6.    Conflict of Terms.  In the event of a conflict between the terms of this First Amendment to Lease and the terms of the Lease, the terms of this First Amendment shall govern.

7.    No Further Modification of Lease.  Except to the extent modified herein, all other terms and provisions of the Lease shall remain in full force and effect.

LANDLORD:                    NEA GALTIER, LLC

By:   /s/Steven M. Resnick        
Name:  Steven M. Resnick
Title:    Managing Member

TENANT:                        CRAY INC.

By:  /s/ Wayne J. Kugel        
Name:  Wayne J. Kugel  
Title:     SVP Operations

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