Document:

Offer Letter

 Exhibit 10.1 
 

 
 September 9, 2011 
 Robert J. Lollini 
 [ADDRESS] 
 Dear Bob: 
 The Board of Directors (the “Board”) of Myrexis, Inc. (the
“Company”) is pleased to offer you the positions of President and Chief Executive Officer (the “Offer”). You will be expected to perform various duties consistent with these positions, and you will report directly to the Board.
This Offer is conditioned on your acceptance of the terms set forth below in this letter (this “Offer Letter”). 
 Compensation

 a. Base Salary. Your compensation will be $395,000 per year, less payroll deductions and all required
withholdings. You will be paid in accordance with the Company’s normal payroll procedures. 
 b. Payment for Service as
Interim President and CEO. Promptly following execution of this Offer Letter by you, you will receive a one-time payment of $25,000 for your service as Interim President and Chief Executive Officer. 

b. Bonus. You will be eligible for an annual bonus of up to 50% of your base salary. Such bonus will be
determined in the sole discretion of the Board or an appropriate committee appointed by the Board. The bonus, if any, will be paid to you in accordance with the Company’s normal procedures, but in no event later than March 15th of the calendar year immediately following the calendar year in
which it was earned. 
 c. Stock Option. Subject to approval by the Board, or an appropriate committee appointed by the
Board, at its first regularly scheduled meeting after the date hereof (currently scheduled for September 22, 2011), you will be granted an option (the “Option”) to purchase 300,000 shares of common stock of the Company with a per
share exercise price equal to the fair market value of the common stock of the Company on the date of grant as determined by the Board and pursuant to the terms of the Company’s 2009 Employee, Director and Consultant Equity Incentive Plan. The
Option shall vest as to 25% of the shares on each of the first four anniversaries of the date of grant. 
 d. Benefits.
You will be eligible for those benefits the Company generally makes available to its full-time regular employees, subject to the terms and conditions of such benefits and benefit plans. The Company may modify your compensation and benefits from time
to time as it deems necessary. 
 Severance and Change in Control 

The Offer is subject to and conditioned upon your execution of the First Amendment to the Executive Severance and Change in Control
Agreement, dated February 1, 2010, by and between you and the Company (the “Severance Agreement”), a copy of which is attached hereto as Exhibit A. 

 Employment Agreement 
 Except as otherwise set forth above, the terms and conditions of the Employment Agreement, dated July 1, 2009, by and between you and the Company (the “Employment Agreement”) remain in full
force and effect. 
 General 
 This Offer Letter, together with the Severance Agreement and the Employment Agreement (each as amended pursuant to the terms hereof), along with any agreements, exhibits or instruments referenced in such
documents, form the complete and exclusive statement of the terms of your employment with the Company. You and the Company acknowledge and agree that this Offer Letter constitutes a valid and binding modification of the Employment Agreement
(pursuant to Section 11 of such Agreement) and of the Severance Agreement (pursuant to Section 9.12 of such Agreement). 
 If you wish to accept the Offer under the terms described above, please sign and date this letter, and return a signed version to me as promptly as possible. We look forward to your favorable reply and to
a productive and enjoyable work relationship. If you have any questions regarding this letter, please contact me. 
 Sincerely, 

 

	
	 /s/ Gerald P. Belle

	 Gerald P. Belle
 Chairman of
the Board of Directors

	
	Accepted and Agreed:
	
	 /s/ Robert J. Lollini

	Robert J. Lollini
	
	 September 9, 2011

	Date:

 Attachment: 

Exhibit A: First Amendment to Executive Severance and Change in Control Agreement 

  
 2First Amendment to Executive Severance and Change in Control Agreement

 Exhibit 10.2 
 MYREXIS, INC. 
 First Amendment to 

Executive Severance and Change in Control Agreement 
 This First Amendment to the Executive Severance and Change in Control Agreement (this “Amendment”) is made and entered as of September 9, 2011, by and between Robert J. Lollini (the
“Executive”) and Myrexis, Inc. (formerly, Myriad Pharmaceuticals, Inc.) (the “Company”). 
 WITNESSETH

 WHEREAS, the Executive and the Company entered into an Executive Severance and Change in Control Agreement dated
February 1, 2010 (the “Agreement”); and 
 WHEREAS, the Executive and the Company desire to amend the
Agreement to change the severance benefits Executive will receive upon termination of Executive’s employment from the Company under certain circumstances. 
 NOW, THEREFORE, in consideration of the promises and mutual covenants and agreements contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the
parties hereto agree as follows: 
 1. Section 4.2(a) of the Agreement is amended in its entirety to read as follows:

 “(a) Termination Without Cause or for Good Reason. If the Executive’s employment with the
Company is terminated by the Company (other than for Cause, Disability or death) or by the Executive for Good Reason, then the Executive shall be entitled to the following benefits: 

(i) the Company shall pay to the Executive the following amounts: 

(1) the Accrued Obligations; and 

(2) in a lump sum, in cash, within 30 days after the Date of Termination, the sum of (A) one times the
Executive’s then current annual base salary and (B) one times the Executive’s then current fiscal year target bonus amount; 
 (ii) if the Executive is covered under the Company’s group health plan immediately prior to the Date of Termination, then if the Executive timely elects to continue such coverage under COBRA, the
Company will pay the premium for the Executive’s COBRA coverage until the earlier of (A) twelve months from the Date of Termination and (B) the date the Executive becomes covered under another group health plan; and 

(iii) to the extent not previously paid or provided timely pay or provide to the Executive the Other Benefits.”

 2. The parties hereby agree that the Agreement will continue to be in full force and effect as modified by the terms of this
Amendment. 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year
first written above. 
  

					
	MYREXIS, INC.
		
	By:	 	 /s/ Gerald P. Belle

		 	Name:	 	Gerald P. Belle
		 	Title:	 	Chairman of the Board of Directors
	
	 /s/ Robert J. Lollini
 Robert J. Lollini

  
 2Form of Specimen Certificate

					
	NUMBER	 		 	SHARES
			
	*PRE1*	 	DIGITAL REALTY TRUST, INC.	 	
	  

THIS CERTIFICATE IS TRANSFERABLE IN
 NEW YORK, N.Y.
	 	  

    INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND    

	 	 SEE REVERSE FOR IMPORTANT NOTICE

ON TRANSFER RESTRICTIONS
 AND OTHER INFORMATION

			
		 		 	CUSIP 253868 707

 THIS CERTIFIES THAT 
 **SPECIMEN** 
 IS THE OWNER OF 

FULLY PAID AND NONASSESSABLE SHARES OF THE 7.000% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK, PAR VALUE $0.01 PER SHARE, OF

 Digital Realty Trust, Inc. 
 (the “Company”) transferable on the books of the Company by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate
is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 
 IN WITNESS WHEREOF, the Company has
caused this Certificate to be executed on its behalf by its duly authorized officers. 
  

											
	DATED                         	  		  		  		  		 	
			
	Countersigned and Registered:	  	American Stock Transfer & Trust Company, LLC	 	
		  	(New York, NY) Transfer Agent and Registrar	  		  		  	  
	 	(SEAL)
		  		  		  		  	Chief Executive Officer	 	
						
		  		  		  	[Seal]	  		 	

													
						
	By:	  	  
	  		  		  		  	  

		  	Authorized Signature	  		  		  		  	Chief Financial Officer, Chief Investment Officer
		  		  		  		  		  	and Secretary	 	

 DIGITAL REALTY TRUST, INC. 

IMPORTANT NOTICE 
 Classes of Stock 
 THE COMPANY IS AUTHORIZED TO ISSUE CAPITAL STOCK OF MORE
THAN ONE CLASS, CONSISTING OF COMMON STOCK AND ONE OR MORE CLASSES OF PREFERRED STOCK. THE BOARD OF DIRECTORS IS AUTHORIZED TO DETERMINE THE PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF ANY CLASS OF THE PREFERRED STOCK BEFORE THE ISSUANCE OF
SHARES OF SUCH CLASS OF PREFERRED STOCK. THE COMPANY WILL FURNISH, WITHOUT CHARGE, TO ANY STOCKHOLDER MAKING A WRITTEN REQUEST THEREFOR, A COPY OF THE COMPANY’S CHARTER AND A WRITTEN STATEMENT OF THE DESIGNATIONS, RELATIVE RIGHTS, PREFERENCES,
CONVERSION OR OTHER RIGHTS, VOTING POWERS, RESTRICTIONS, LIMITATIONS AS TO DIVIDENDS AND OTHER DISTRIBUTIONS, QUALIFICATIONS AND TERMS AND CONDITIONS OF REDEMPTION OF THE STOCK OF EACH CLASS WHICH THE COMPANY HAS THE AUTHORITY TO ISSUE AND, IF THE
COMPANY IS AUTHORIZED TO ISSUE ANY PREFERRED OR SPECIAL CLASS IN SERIES, (i) THE DIFFERENCES IN THE RELATIVE RIGHTS AND PREFERENCES BETWEEN THE SHARES OF EACH SERIES TO THE EXTENT SET, AND (ii) THE AUTHORITY OF THE BOARD OF DIRECTORS TO
SET SUCH RIGHTS AND PREFERENCES OF SUBSEQUENT SERIES. REQUESTS FOR SUCH WRITTEN STATEMENT MAY BE DIRECTED TO THE SECRETARY OF THE COMPANY AT ITS PRINCIPAL OFFICE. 
 Restriction on Ownership and Transfer 
 THE SHARES OF THE COMPANY’S
7.000% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK (“SERIES E PREFERRED STOCK”) REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE OWNERSHIP AND TRANSFER FOR THE PURPOSE OF THE COMPANY’S
MAINTENANCE OF ITS STATUS AS A REAL ESTATE INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”). SUBJECT TO CERTAIN FURTHER RESTRICTIONS AND EXCEPT AS EXPRESSLY PROVIDED IN THE ARTICLES SUPPLEMENTARY FOR THE
SERIES E PREFERRED STOCK, (i) NO PERSON MAY BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF SERIES E PREFERRED STOCK IN EXCESS OF 9.8% (BY VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE RESTRICTIVE) OF THE OUTSTANDING SERIES E PREFERRED STOCK OF
THE COMPANY; (ii) NO PERSON MAY BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF SERIES E PREFERRED STOCK THAT, TAKING INTO ACCOUNT ANY OTHER CAPITAL STOCK OF THE COMPANY BENEFICIALLY OR CONSTRUCTIVELY OWNED BY SUCH PERSON, WOULD RESULT IN SUCH
PERSON BENEFICIALLY OR CONSTRUCTIVELY OWNING CAPITAL STOCK WITH A VALUE IN EXCESS OF 9.8% OF THE VALUE OF THE COMPANY’S OUTSTANDING CAPITAL STOCK; (iii) NO PERSON MAY BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF SERIES E PREFERRED STOCK
THAT, TAKING INTO ACCOUNT ANY OTHER CAPITAL STOCK OF THE COMPANY BENEFICIALLY OR CONSTRUCTIVELY OWNED BY SUCH PERSON, WOULD RESULT IN THE COMPANY BEING “CLOSELY HELD” UNDER SECTION 856(h) OF THE CODE OR OTHERWISE CAUSE THE COMPANY TO FAIL
TO QUALIFY AS A REIT; AND (iv) ANY TRANSFER OF SHARES OF SERIES E PREFERRED STOCK THAT, IF EFFECTIVE, WOULD RESULT IN THE CAPITAL STOCK OF THE COMPANY BEING BENEFICIALLY OWNED BY FEWER THAN 100 PERSONS WILL BE VOID AB INITIO AND THE INTENDED
TRANSFEREE WILL ACQUIRE NO RIGHTS IN SUCH SHARES OF SERIES E PREFERRED STOCK. ANY PERSON WHO BENEFICIALLY OR CONSTRUCTIVELY OWNS OR ATTEMPTS TO BENEFICIALLY OR CONSTRUCTIVELY OWN SERIES E PREFERRED STOCK WHICH CAUSES OR WILL CAUSE A PERSON TO
BENEFICIALLY OR CONSTRUCTIVELY OWN SERIES E PREFERRED STOCK IN EXCESS OF THE ABOVE LIMITATIONS MUST IMMEDIATELY NOTIFY THE COMPANY. IF ANY OF THE RESTRICTIONS ON TRANSFER OR OWNERSHIP IN (i) THROUGH (iii) ABOVE ARE VIOLATED, THE SERIES E
PREFERRED STOCK REPRESENTED HEREBY IN EXCESS OF SUCH RESTRICTIONS WILL BE AUTOMATICALLY TRANSFERRED TO THE TRUSTEE OF A TRUST FOR THE BENEFIT OF ONE OR MORE CHARITABLE BENEFICIARIES. IN ADDITION, THE COMPANY MAY REDEEM SHARES UPON THE TERMS AND
CONDITIONS SPECIFIED BY THE BOARD OF DIRECTORS IN ITS SOLE DISCRETION IF THE BOARD OF DIRECTORS DETERMINES THAT OWNERSHIP OR A TRANSFER OR OTHER EVENT MAY VIOLATE THE RESTRICTIONS DESCRIBED ABOVE. FURTHERMORE, UPON THE OCCURRENCE OF CERTAIN EVENTS,
ATTEMPTED TRANSFERS IN VIOLATION OF THE RESTRICTIONS DESCRIBED ABOVE MAY BE VOID AB INITIO. ALL TERMS IN THIS LEGEND WHICH ARE DEFINED IN THE ARTICLES SUPPLEMENTARY FOR THE SERIES E PREFERRED STOCK SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN SUCH
ARTICLES SUPPLEMENTARY, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A COPY OF WHICH, INCLUDING THE RESTRICTIONS ON TRANSFER AND OWNERSHIP, WILL BE FURNISHED TO EACH HOLDER OF SERIES E PREFERRED STOCK ON REQUEST AND WITHOUT CHARGE. REQUESTS FOR
SUCH A COPY MAY BE DIRECTED TO THE SECRETARY OF THE COMPANY AT ITS PRINCIPAL OFFICE. 
 
 Keep this Certificate in a safe place. If it is lost, stolen, or destroyed, the Company will require a bond of indemnity as a condition to the issuance of a replacement certificate. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

															
	TEN COM	    	-	    	as tenants in common	    		  	UNIF GIFT MIN ACT	  	  
	 	Custodian	 	
	TEN ENT	    	-	    	as tenants by the entireties	    		  		  	(Custodian)	 		 	(Minor)
	JT TEN	    	-	    	as joint tenants with right of	    		  		  	under Uniform Gifts to Minors Act of
		    		    	survivorship and not as tenants	    		  		  	  

		    		    	in common	    		  		  	(State)	 		 	

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED,
                                         
                    DOES HEREBY SELL, ASSIGN AND TRANSFER UNTO 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 

 

					
	 	  		  	
	 	  		  	

  
  

 
 (Please Print or Typewrite Name and
Address, Including Zip Code, of Assignee) 
  
  

 
  
  

 
  
  

 
 shares of the 7.000% Series E Cumulative Redeemable
Preferred Stock represented by the within Certificate and does hereby irrevocably constitute and appoint 
  

 
  
 to transfer the said stock on the books of the within named Company with full power of substitution in the premises. 
 Dated                      

 

							
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		 		  	NOTICE:	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAMES AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATEVER.
			
	Signature(s) Guaranteed	  		 	
				
	By	 	  
	  		 	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

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