Document:

Employment Agreement - Larry A. Gill

 Exhibit 10.24 

 

 

 AT-WILL EMPLOYMENT AGREEMENT 
 This At-Will Employment Agreement (“Agreement”) is entered on this 3rd day of
November of 2006 between Guidance Software, Inc. (“Company”) and Larry A. Gill (“Employee”). In consideration of the mutual promises and conditions contained in this Agreement, the Company and Employee agree
as follows: 
 1. Title and duties. The Company shall employ Employee as and under the title of Vice President of Marketing
and Employee accepts that employment. If Employee is a full-time employee, Employee shall devote substantially all of Employee’s time, attention, energy, knowledge, and skill solely and exclusively to performing all duties as Vice President
of Marketing as assigned or delegated to Employee by the Company. 
 2. Compensation and Expenses. 
 A. Salary. The company will pay to Employee a base salary of $200,000.00 per year, which shall be payable semi-monthly
on a prorated basis and from which the Company shall withhold and deduct all taxes required by federal and state laws and any other authorized deductions. The Company will review Employee’s salary at least annually. The Company may, in its sole
discretion, increase Employee’s salary during Employee’s employment with the Company. 
 B. Changes by Company.
The Company reserves the right to modify, suspend, or discontinue any and all of the above-mentioned plans, practices, policies and profit-sharing programs at any time as long as such action is taken generally with respect to other similarly
situated employees of the Company. 
 3. At-Will Employment. Employee’s employment with the Company is for no specified term and is
at the mutual consent of both Employee and the Company. Specifically, Employee’s employment will be on an “at will” basis, meaning that either Employee or the Company may terminate the employment relationship with or without cause at
any time, with or without notice. There are no express or implied agreements contrary to the foregoing and no one other than the President of the Company has any authority to enter into an employment agreement for a specified period of time or to
make any agreement that is contrary to the foregoing. Any such agreement by the President must be in writing and fully executed by both Employee and the President. As used herein, the term “the Relationship” refers to the employment
relationship between Employee and the Company; the Relationship terminates upon termination of employment for any reason. 
 4. Confidential
Information. 
 A. Non-Disclosure. Employee agrees at all times during the term of their employment relationship with
the Company and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm, corporation or other entity without written authorization of the Board of Directors of the
Company, any Confidential Information of the Company which Employee obtains or creates. Employee further agrees not to make copies of such Confidential Information except as authorized by the Company. Employee understands that “Confidential
Information” means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, suppliers, customer lists and customers (including, but not
limited to, customers of the Company on whom Employee calls or with whom Employee becomes acquainted during the employment relationship), prices and costs, markets, software, developments, inventions, laboratory notebooks, processes, formulas,
technology, designs, drawings, engineering, hardware configuration information, marketing, licenses, finances, budgets or other business information disclosed to Employee by the Company either directly or indirectly in writing, orally or by drawings
or observation of parts or equipment or created by Employee during the period of the employment relationship, whether or not during working hours. Employee understands that “Confidential Information” includes, but is not limited to,
information pertaining to any aspects of the Company’s business which is either information not known by actual or potential competitors of the Company or is proprietary information of the Company or its customers or suppliers, whether of a
technical nature or otherwise. Employee further understands that Confidential Information does not include any of the foregoing items which has become publicly and widely known and made generally available through no wrongful act of Employee or of
others who were under confidentiality obligations as to the item or items involved. 

 B. Third Party Information. Employee recognizes that the Company has received and in
the future will receive confidential or proprietary information from third parties subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Employee agrees to
hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out Employee’s work for the Company consistent with the
Company’s agreement with such third party. 
 5. Inventions 
 A. Inventions Retained and Licensed. Employee has attached hereto, as Exhibit A, a list describing with particularity
all inventions, original works of authorship, developments, improvements, and trade secrets which were made by Employee prior to the commencement of the employment relationship (collectively referred to as “Prior Inventions”), which
belong solely to Employee or belong to Employee jointly with another, which relate in any way to any of the Company’s proposed businesses, products or research and development, and which are not assigned to the Company hereunder; or, if no such
list is attached, Employee represents that there are no such Prior Inventions. If, in the course of Employee’s Relationship with the Company, Employee incorporates into a Company product, process or machine a Prior Invention owned by Employee
or in which Employee has an interest, the Company is hereby granted and shall have a non-exclusive, royalty-free, irrevocable, perpetual, worldwide license (with the right to sublicense) to make, have made, copy, modify, make derivative works of,
use, sell and otherwise distribute such Prior Invention as part of or in connection with such product, process or machine. 
 B. Assignment of Inventions. Employee agrees that Employee will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its
designee, all Employee’s rights, title and interest throughout the world in and to any and all inventions, original works of authorship, developments, concepts, know-how, improvements or trade secrets, whether or not patentable or registrable
under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time in which Employee is employed by the Company
(collectively referred to as “Inventions”), except as provided in Section 5(e) below. Employee further acknowledges that all inventions, original works of authorship, developments, concepts, know-how, improvements or trade
secrets which are made by Employee (solely or jointly with others) within the scope of and during the period of Employee’s employment relationship with the Company are “works made for hire” (to the greatest extent permitted by
applicable law) and are compensated by Employee’s salary, unless regulated otherwise by the mandatory law of the state of California. 
 C. Maintenance of Records. Employee agrees to keep and maintain adequate and current written records of all Inventions made by Employee (solely or jointly with others) during the term of
Employee’s employment relationship with the Company. The records may be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, laboratory notebooks, and any other format. The records will be available to and
remain the sole property of the Company at all times. Employee agrees not to remove such records from the Company’s place of business except as expressly permitted by Company policy which may, from time to time, be revised at the sole election
of the Company for the purpose of furthering the Company’s business. 
 D. Patent and Copyright Rights. Employee
agrees to assist the Company, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, trademarks, mask work rights, moral rights, or other intellectual property rights
relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, recordations, and all other
instruments which the Company shall deem necessary in order to apply for, obtain, maintain and transfer such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and
interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. Employee further agrees that Employee’s obligation to execute or cause to be executed, when it is in
Employee’s power to do so, any such instrument or papers shall continue after the termination of this Agreement until the expiration of the last such intellectual property right to expire in any country of the world. If the Company is unable
because of Employee’s mental or physical incapacity or unavailability or

 
for any other reason to secure Employee’s signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or
original works of authorship assigned to the Company as above, then Employee hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in Employee’s behalf
and stead to execute and file any such applications and to do all other lawfully permitted acts to further the application for, prosecution, issuance, maintenance or transfer of letters patent or copyright registrations thereon with the same legal
force and effect as if originally executed by Employee. Employee hereby waives and irrevocably quitclaims to the Company any and all claims, of any nature whatsoever, which Employee now or hereafter have for infringement of any and all proprietary
rights assigned to the Company. 
 E. Exception to Assignments. Employee understands that the provisions of this
Agreement requiring assignment of Inventions to the Company do not apply to any invention which qualifies fully under the provisions of California Labor Code Section 2870 (attached hereto as Exhibit B). Employee will advise the Company
promptly in writing of any inventions that Employee believes meet such provisions and are not otherwise disclosed on Exhibit A. 
 F. Previous Obligations. Employee represents and warrants to the Company that Employee has no obligations to any previous employer that would interfere with or be infringed by the Company’s exclusive ownership rights in and to
the Inventions as described above. 
 6. Returning Company Documents. Employee agrees that, at the time of termination of Employee’s
employment relationship with the Company, Employee will deliver to the Company (and will not keep in Employee’s possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, materials, flow charts, equipment, other documents or property, or reproductions of any aforementioned items developed by Employee pursuant to the employment
relationship or otherwise belonging to the Company, its successors or assigns. Employee further agrees that to any property situated on the Company’s premises and owned by the Company, including disks and other storage media, filing cabinets or
other work areas, is subject to inspection by Company personnel at any time with or without notice. In the event of the termination of the employment relationship, Employee agrees to sign and deliver the “Termination Certification”
attached hereto as Exhibit C. 
 7. Covenant Not to Compete. The Company and Employee acknowledge that Employee’s willingness
to enter into this Agreement and to continue as an employee of the Company constitutes a material inducement. The Parties further acknowledge that Employee’s performance of all terms of this Agreement is necessary to protect Company’s
legitimate business interests. Employee agrees that, during the continuance of this Agreement Employee will not, on the behalf of Employee or any other person or business entity, directly or indirectly, engage in any business or activity competitive
with the business activities of Company as they are now undertaken by Company. 
 8. Solicitation of Employees, Consultants and Other
Parties. Employee agrees that during the term of his or her Relationship with the Company, and for a period of twenty-four (24) months immediately following the termination of his or her Relationship with the Company for any reason,
whether with or without cause, he or she shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or take away such employees
or consultants, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for himself or herself or for any other person or entity. Further, for a period of twenty-four (24) months following
termination of Employee’s Relationship with the Company for any reason, with or without cause, Employee agrees that he or she shall not solicit any licensor to or customer of the Company or licensee of the Company’s products, in each case,
that are known to Employee, with respect to any business, products or services that are competitive to the products or services offered by the Company or under development as of the date of termination of Employee’s Relationship with the
Company. 
 9. Arbitration. 
 a. All claims, disputes, controversies, or disagreements of any kind whatsoever (“Claims”), including any claim arising out of or in connection with Employee’s employment or the termination
of Employee’s employment, that may arise between Employee and the Company, including any Claims that may arise between Employee and the Company’s officers, directors, employees, or agents in their capacity as such, shall be submitted to
final and binding arbitration before the American Arbitration Association in Los Angeles, California in accordance with the rules and procedures of the American Arbitration Association then existing. 

 b. Claims covered by this arbitration provision include, but are not limited to the
following: (1) alleged violations of federal, state, or local constitutions, statutes, regulations, or ordinances, including, but not limited to anti-discrimination and harassment laws; (2) allegations of a breach of a contractual
obligation; and (3) alleged violations of public policy. 
 c. In consideration for and as a material condition of
Employee’s employment with the Company, Employee agrees that final and binding arbitration is the exclusive means for resolving any Claims arising out of this Agreement and Employee’s employment. However, this Agreement does not in any way
alter the at-will status of Employee’s employment. This Agreement is a waiver of all rights Employee may have to a civil court action on any dispute or Claims arising out of this Agreement and Employee’s employment. Accordingly, only an
arbitrator, not a judge or jury, will decide any such dispute, although the arbitrator has the authority to award any type of relief that could otherwise be awarded by a judge or jury. 
 d. Employee and Company shall each bear their own costs and fees of any such arbitration. 
 10. Severability. The provisions of this Agreement are divisible; if any of the provisions shall be deemed invalid or unenforceable, that provision
shall be deemed limited to the extent necessary to render it valid and enforceable and the remaining provisions of this Agreement shall continue in full force and effect without being impaired or invalidated in any way. 
 11. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by and construed in accordance with
the laws of the State of California. 
 12. Entire Agreement. This Agreement supersedes all prior agreements, understandings, and
communications between Employee and the Company, whether written or oral, express or implied, relating to the subject matter of this Agreement and is intended as a complete and final expression of the terms of the agreement between Employee and the
Company and shall not be changed or subject to change orally. The parties further agree and acknowledge that neither they nor anyone acting on their behalf made any inducements, agreements, promises, nor representations other than those set forth in
this Agreement. 
 13. Amendment. This Agreement may not be altered or amended except in a writing signed by both parties to this
Agreement. 
 14. Survival. The provisions of this Agreement shall survive the termination of the Relationship and the assignment
of this Agreement by the Company to any successor in interest or other assignee. 
 15. ADVICE OF COUNSEL. EMPLOYEE ACKNOWLEDGES THAT, IN,
EXECUTING THIS AGREEMENT, EMPLOYEE HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND EMPLOYEE HAS READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY
PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date set forth above. 
  

							
		 	EMPLOYEE	 		  	COMPANY: Guidance Software, Inc.
				
	Signature:	 	 /s/ Larry A. Gill
	 	Signature:	  	 /s/ Ani Khachatoorian

				
	Print Name:	 	 Larry A. Gill
	 	Print Name:	  	 Ani Khachatoorian

				
		 		 	Title:	  	 Employment Manager

 EXHIBIT A 
 LIST OF PRIOR INVENTIONS 
 AND ORIGINAL WORKS OF
AUTHORSHIP 
 EXCLUDED FROM SECTION 4 
  

					
	Title	 	Date	 	 Identifying Number
 or Brief Description

  

	 ̈	No inventions or improvements 

	 ̈	Additional Sheets Attached 

  

	
	
	 /s/ Larry A. Gill

	Employee Signature
	
	 Larry A. Gill

	Print Employee Name
	
	 11/7/06

	Date

 EXHIBIT B 
 Section 2870 of the California Labor Code is as follows: 
 (a) Any provision
in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time
without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or

 (2) Result from any work performed by the employee for the employer. 
 (b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from
being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 

 EXHIBIT C 
 TERMINATION CERTIFICATION 
 This is to certify that I
do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, flow charts, materials, equipment, other
documents or property, or copies or reproductions of any aforementioned items belonging to Guidance Software, Inc., its subsidiaries, affiliates, successors or assigns (together the “Company”). 
 I further certify that I have complied with all the terms of the Company’s At-Will Employment Agreement signed by me, including the
reporting of any inventions and original works of authorship (as defined therein), conceived or made by me (solely or jointly with others) covered by that agreement. 
 I further agree that, in compliance with the At-Will Employment Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to
products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data bases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any
business of the Company or any of its employees, clients, consultants or licensees. 
 I further agree that for twenty-four
(24) months from the date of this Certificate, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or take away
such employees or consultants, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for myself or for any other person or entity. Further, for a period of twenty-four (24) months from
the date of this Certificate, I shall not solicit any licensor to or customer of the Company or licensee of the Company’s products, in each case, that are known to me, with respect to any business, products or services that are competitive to
the products or services offered by the Company or under development as of the date of termination of my Relationship with the Company. 
 SIGN AT TIME OF HIRE TO ACKNOWLEDGES RECEIPT: 
 I hereby acknowledge that I have read and understand the
Termination Certification (Exhibit C) described above, and that I am in receipt of a copy of this document. 
  

							
	Date:	 	 11/7/06
	 		  	
		 		 		  	 /s/ Larry A. Gill

		 		 		  	Employee Signature
				
		 		 		  	 LARRY A. GILL

		 		 		  	Print Employee NameCommon Stock Purchase Warrant between Calix Networks, Inc. and Chris Moore

 Exhibit 4.24 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR
DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
ACT OF 1933. 
  
  

			
	 Warrant No. CW-3
 Date of
Issuance: August 15, 2000
	  	Number of Shares: 5,000
 (subject to
adjustment)

 CALIX NETWORKS, INC. 
 Common Stock Purchase Warrant 
 Calix Networks,
Inc. (the “Company”), for value received, hereby certifies that CMOR Manufacturing (“CMOR”), or its registered assigns (the “Registered Holder”), is entitled, subject to the terms set forth below, to
purchase from the Company, at any time after the date hereof and on or before the Expiration Date (as defined in Section 7 below), up to 5,000 shares (as adjusted from time to time pursuant to the provisions of this Warrant) of Common Stock of
the Company, at a purchase price of $0.75 per share. The shares purchasable upon exercise of this Warrant and the purchase price per share shall be adjusted from time to time pursuant to the provisions of this Warrant and are hereinafter referred to
as the “Warrant Stock” and the “Purchase Price,” respectively. 
 1. Exercise

 (a) Manner of Exercise. Subject to the terms hereof, this Warrant may be exercised by the Registered Holder, in
whole or in part, by surrendering this Warrant, with the purchase form appended hereto as Exhibit A duly executed by such Registered Holder or by such Registered Holder’s duly authorized attorney, at the principal office of the Company,
or at such other office or agency as the Company may designate, accompanied by payment in full of the Purchase Price payable in respect of the number of shares of Warrant Stock purchased upon such exercise. The Purchase Price may be paid by cash,
check, wire transfer or by the surrender of promissory notes or other instruments representing indebtedness of the Company to the Registered Holder. 
 (b) Effective Time of Exercise. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the day on which this Warrant shall have
been surrendered to the Company as provided in Section 1(a) above. At such time, the person or persons in whose name or names any certificates for Warrant Stock shall be issuable upon such exercise as provided in Section 1(d) below shall
be deemed to have become the holder or holders of record of the Warrant Stock represented by such certificates. 
  

 1 

 (c) Net Issue Exercise. 
 (i) In lieu of exercising this Warrant in the manner provided above in Section 1(a), the Registered Holder may elect to receive shares
equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election on the form attached as Exhibit A duly executed in which
event the Company shall issue to the Registered Holder a number of shares of Common Stock computed using the following formula: 
  

			
	 X=    
	  	Y (A - B)
		  	      A

  

					
	 Where
	  	X =	  	The number of shares of Common Stock to be issued to the Registered Holder.
			
		  	Y =	  	The number of shares of Common Stock purchasable under this Warrant (at the date of such calculation).
			
		  	A =	  	The fair market value of one share of Common Stock (at the date of such calculation).
			
		  	B =	  	The Purchase Price (as adjusted to the date of such calculation).

 (ii) For purposes of this Section 1(c), the fair market value of one share of Common Stock on the date of calculation shall mean: 
 (A) if the exercise is in connection with an initial public offering of the Company’s Common Stock, and if the Company’s
Registration Statement relating to such public offering has been declared effective by the Securities and Exchange Commission, then the fair market value per share of Common Stock shall be the initial “Price to Public” specified in the
final prospectus with respect to the offering; 
 (B) if (A) is not applicable, the fair market value shall be at the
highest price per share which the Company could obtain on the date of calculation from a willing buyer (not a current employee or director) for shares of Common Stock sold by the Company, from authorized but unissued shares, as determined in good
faith by the Board of Directors, unless the Company is at such time subject to an acquisition as described in Section 2(b) below, in which case the fair market value per share of Common Stock shall be deemed to be the value of the consideration
per share received by the holders of such stock pursuant to such acquisition. 
 (d) Delivery to Holder. As soon as
practicable after the exercise of this Warrant in whole or in part, and in any event within ten (10) days thereafter, the Company at its expense will cause to be issued in the name of, and delivered to, the Registered Holder, or as such Holder
(upon payment by such Holder of any applicable transfer taxes) may direct: 
 (i) a certificate or certificates for the number
of shares of Warrant Stock to which such Registered Holder shall be entitled; and 
  

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 (ii) in case such exercise is in part only, a new warrant or warrants (dated the date
hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of shares of Warrant Stock equal (without giving effect to any adjustment therein) to the number of such shares called for on the face of this Warrant minus
the number of such shares purchased by the Registered Holder upon such exercise as provided in Section 1(a) above. 
 2.
Restrictions on Exercise. 
 (a) Vesting. This Warrant shall only be exercisable for the number of
shares of Warrant Stock that have vested as of the date of exercise. As of the date of issuance of this Warrant, as set forth above (the “Date of Issuance”), none of the Warrant Stock shall have vested. The Warrant Stock shall vest
in eight equal installments over the two year period following the Date of Issuance for such period of time as CMOR shall be providing services to the Company (the provision of such services to the Company being referred to hereafter as the
“Relationship”), subject to acceleration as set forth in Section 2(b) below. The Warrant Stock shall vest as follows: one eighth (1/8) of the aggregate number of shares of Warrant Stock shall vest upon the conclusion of
each three (3) month period following the Date of Issuance assuming that, on such date, the Relationship has not yet been terminated. By way of example, if the Date of Issuance were May 17, 2000, the first vesting event would occur on
August 17, 2000, with the remaining vesting dates to be November 17, 2000, February 17, 2001, May 17, 2001, August 17, 2001, November 17, 2001, February 17, 2002 and May 17, 2002, in
each case assuming that, on such date, the Relationship has not yet been terminated. The Relationship will be considered terminated for purposes of this Warrant upon the termination of services to the Company by CMOR or, if earlier, upon the
delivery of a notice of termination by the Company to CMOR. From and after the termination of the Relationship, no additional Warrant Stock shall vest. 
 (b) Exercisability. Notwithstanding any other provision of this Warrant, this Warrant shall only be exercisable upon one of the following events (each, an “Exercise Event”):
(i) immediately prior to the closing of the sale, conveyance, or disposal of all or substantially all of the Company’s property or business or the Company’s merger into or consolidation with any other corporation (other than a
wholly-owned subsidiary corporation), or any other transaction or series of related transactions, pursuant to which more than fifty percent (50%) of the voting power of the Company is disposed of; provided, however, that this
Section 2(b) shall not apply to a merger effected exclusively for the purpose of changing the domicile of the Company, or (ii) immediately prior to the closing of a firm commitment underwritten public offering of the Company’s Common
Stock pursuant to a registration statement under the Securities Act of 1933, as amended (the “Securities Act”). Upon the occurrence of an Exercise Event, this Warrant may be exercised by the Registered Holder for such number of
shares of Warrant Stock that have vested in accordance with the terms of Section 2(a) above; provided, however, that if the Relationship shall not have been terminated prior to the time of such Exercise Event, the vesting of all remaining
unvested shares of Warrant Stock shall be accelerated such that this Warrant will be exercisable for the full number of shares of Warrant Stock in connection with such Exercise Event. 
  

 3 

 3. Adjustments. 
 (a) Stock Splits and Dividends. If outstanding shares of the Company’s Common Stock shall be subdivided into a greater
number of shares or a dividend in Common Stock shall be paid in respect of Common Stock, the Purchase Price in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such
subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding shares of Common Stock shall be combined into a smaller number of shares, the Purchase Price in effect immediately prior to such combination
shall, simultaneously with the effectiveness of such combination, be proportionately increased. When any adjustment is required to be made in the Purchase Price, the number of shares of Warrant Stock purchasable upon the exercise of this Warrant
shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to
such adjustment, by (ii) the Purchase Price in effect immediately after such adjustment. 
 (b) Reclassification,
Etc. In case of any reclassification of the outstanding securities of the Company or of any reorganization of the Company (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this
Warrant) or any similar corporate reorganization on or after the date hereof, then and in each such case the holder of this Warrant, upon the exercise hereof at any time after the consummation of such reclassification or reorganization shall be
entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which such holder would have been entitled upon such consummation
if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in Section 3(a); and in each such case, the terms of this Section 3 shall be applicable to the shares of stock or other
securities properly receivable upon the exercise of this Warrant after such consummation. 
 (c) Adjustment
Certificate. When any adjustment is required to be made in the Warrant Stock or the Purchase Price pursuant to this Section 3, the Company shall promptly mail to the Registered Holder a certificate setting forth (i) a brief
statement of the facts requiring such adjustment, (ii) the Purchase Price after such adjustment and (iii) the kind and amount of stock or other securities or property into which this Warrant shall be exercisable after such adjustment.

 4. Transfers. 
 (a) Unregistered Security. Each holder of this Warrant acknowledges that this Warrant and the Warrant Stock have not been registered under the Securities Act, and agrees not to sell, pledge,
distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Stock issued upon its exercise in the absence of (i) an effective registration statement under the Act as to this Warrant or such Warrant Stock and
registration or qualification of this Warrant or such Warrant Stock under any applicable U.S. federal or state securities law then in effect or (ii) an opinion of counsel,

  

 4 

 
satisfactory to the Company, that such registration and qualification are not required. Each certificate or other instrument for Warrant Stock issued upon the exercise of this Warrant shall bear
a legend substantially to the foregoing effect. 
 (b) Transferability. Subject to the provisions of
Section 4(a) hereof, this Warrant and all rights hereunder are transferable only with the consent of the Company, which consent shall not be unreasonably withheld, to any individual or entity; provided that in either case any assignee
shall be bound by the terms hereof. Notwithstanding the foregoing, this Warrant may not be transferred to any individual or entity engaged in any business that competes with any business of the Company, and any purported transfer to a such an
individual or entity shall be void. A permitted transfer of this Warrant shall be effected by surrendering the Warrant with a properly executed assignment (in the form of Exhibit B hereto) at the principal office of the Company. This Warrant
may not be transferred in part. 
 (c) Warrant Register. The Company will maintain a register containing the names
and addresses of the Registered Holders of this Warrant. Until any transfer of this Warrant is made in the warrant register, the Company may treat the Registered Holder of this Warrant as the absolute owner hereof for all purposes; provided,
however, that if this Warrant is properly assigned in blank, the Company may (but shall not be required to) treat the bearer hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary. Any Registered
Holder may change such Registered Holder’s address as shown on the warrant register by written notice to the Company requesting such change. 
 5. Representations and Warranties of Holder. The Registered Holder hereby represents and warrants to the Company as follows: 
 (a) Purchase Entirely for Own Account. The Registered Holder acknowledges that this Warrant is given to the Registered Holder
in reliance upon the Registered Holder’s representation to the Company, which by its acceptance of this Warrant the Registered Holder hereby confirms, that the Warrant, and the Warrant Stock (collectively, the “Securities”)
being acquired by the Registered Holder are being acquired for investment for the Registered Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Registered Holder
has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, the Registered Holder further represents that the Registered Holder does not presently have any contract,
undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Securities. The Registered Holder represents that it has full power and authority to
enter into this Agreement. 
 The Registered Holder has not been formed for the specific purpose of acquiring any of the Securities. 

(b) Disclosure of Information. The Registered Holder has had an opportunity to discuss the Company’s business,
management, financial affairs and the terms and conditions of the offering of the Securities with the Company’s management.

  

 5 

 
The Registered Holder understands that such discussions, as well as the written information issued by the Company, were intended to describe the aspects of the Company’s business which it
believes to be material. 
 (c) Restricted Securities. The Registered Holder understands that the Securities have
not been, and will not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the
accuracy of the Registered Holder’s representations as expressed herein. The Registered Holder understands that the Securities are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to
these laws, the Registered Holder must hold the Securities indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements
is available. the Registered Holder acknowledges that the Company has no obligation to register or qualify the Securities for resale. The Registered Holder further acknowledges that if an exemption from registration or qualification is available, it
may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Securities, and on requirements relating to the Company which are outside of the Registered Holder’s control, and
which the Company is under no obligation and may not be able to satisfy. 
 (d) No Public Market. The Registered
Holder understands that no public market now exists for any of the securities issued by the Company, that the Company has made no assurances that a public market will ever exist for the Securities. 
 (e) Legends. The Registered Holder understands that the Securities, and any securities issued in respect of or exchange for the
Securities, may bear one or all of the following legends: 
 (i) “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.” 
 (ii) Any legend required by the Blue Sky laws of any state to the extent such laws are applicable to the shares represented by the certificate so legended. 
 (f) Accredited Investor. The Registered Holder is an accredited investor as defined in Rule 501(a) of Regulation D promulgated
under the Securities Act, a copy of which is attached hereto as Exhibit C. 
  

 6 

 6. No Impairment. The Company will not, by amendment of its charter or through
reorganization, consolidation, merger, dissolution, sale of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant against impairment. 
 7. Termination. This Warrant (and the right to purchase securities upon exercise hereof) shall terminate
upon the earliest to occur of the following (the “Expiration Date”): (a) the tenth (10th) anniversary of the date of issuance, (b) immediately following the closing of the sale, conveyance, or
disposal of all or substantially all of the Company’s property or business or the Company’s merger into or consolidation with any other corporation (other than a wholly-owned subsidiary corporation), or any other transaction or series of
related transactions, pursuant to which more than fifty percent (50%) of the voting power of the Company is disposed of, provided that this Section 7(b) shall not apply to a merger effected exclusively for the purpose of changing
the domicile of the Company, or (c) immediately following the closing of a firm commitment underwritten public offering of the Company’s Common Stock pursuant to a registration statement under the Securities Act. 
 8. Notices of Certain Transactions. In case: 
 (a) the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time deliverable upon the exercise of this Warrant) for the purpose of entitling or enabling
them to receive any dividend or other distribution, or to receive any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right, to subscribe for or purchase any shares of stock of any
class or any other securities, or to receive any other right, or 
 (b) of any capital reorganization of the Company, any
reclassification of the capital stock of the Company, any consolidation or merger of the Company, any consolidation or merger of the Company with or into another corporation (other than a consolidation or merger in which the Company is the surviving
entity), or any transfer of all or substantially all of the assets of the Company, or 
 (c) of the voluntary or involuntary
dissolution, liquidation or winding-up of the Company, or 
 (d) of the closing of a firm commitment underwritten public offering
of the Company’s Common Stock pursuant to a registration statement under the Securities Act, then, and in each such case, the Company will mail or cause to be mailed to the Registered Holder of this Warrant a notice specifying, as the case may
be, (i) the date on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, (ii) the effective date on which such reorganization,
reclassification, consolidation, merger, transfer, dissolution, liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock (or such other stock or securities at the time
deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation or winding-up) are to be determined or (iii) the closing date of the public offering. Such notice shall be mailed at least ten
(10) days prior to the record date, effective date or closing date for the event specified in such notice. 
  

 7 

 9. Reservation of Stock. The Company will at all times reserve and keep
available, solely for the issuance and delivery upon the exercise of this Warrant, such shares of Warrant Stock and other stock, securities and property, as from time to time shall be issuable upon the exercise of this Warrant. 
 10. Exchange of Warrants. Upon the surrender by the Registered Holder of any Warrant or Warrants, properly endorsed, to the
Company at the principal office of the Company, the Company will, subject to the provisions of Section 4 hereof, issue and deliver to or upon the order of such Holder, at the Company’s expense, a new Warrant or Warrants of like tenor, in
the name of such Registered Holder or as such Registered Holder (upon payment by such Registered Holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of shares of Common Stock
called for on the face or faces of the Warrant or Warrants so surrendered. 
 11. Replacement of Warrants. Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and (in the case of loss, theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required) in
an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon surrender and cancellation of this Warrant, the Company will issue, in lieu thereof, a new Warrant of like tenor. 
 12. Notices. Any notice required or permitted by this Warrant shall be in writing and shall be deemed sufficient upon receipt,
when delivered personally or by courier, overnight delivery service or confirmed facsimile or other electronic transmission, or forty-eight (48) hours after being deposited in the regular mail as certified or registered mail (airmail if sent
internationally) with postage prepaid, addressed (a) if to the Registered Holder, to the address of the Registered Holder most recently furnished in writing to the Company and (b) if to the Company, to the address set forth below or
subsequently modified by written notice to the Registered Holder. 
 13. No Rights as Stockholder. Until the
exercise of this Warrant, the Registered Holder of this Warrant shall not have or exercise any rights by virtue hereof as a stockholder of the Company. 
 14. Commercial Relationship. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company to terminate the Relationship at any time for any reason.

 15. No Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise
hereunder. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the fair market value of one share of Common Stock on the date of exercise, as determined
in good faith by the Company’s Board of Directors. 
  

 8 

 16. Amendment or Waiver. Any term of this Warrant may be amended or waived
only by an instrument in writing signed by the party against which enforcement of the amendment or waiver is sought. 
 17.
Headings. The headings in this Warrant are for purposes of reference only and shall not limit or otherwise affect the meaning of any provision of this Warrant. 
 18. Governing Law. This Warrant shall be governed, construed and interpreted in accordance with the laws of the State of
California, without giving effect to principles of conflicts of law. 
 19. “Market Stand-Off”
Agreement. The Registered Holder hereby agrees that, during the period of duration (up to, but not exceeding, 180 days) specified by the Company and an underwriter of Common Stock or other securities of the Company, following the effective
date of a registration statement of the Company filed under the Securities Act, it shall not, to the extent requested by the Company and such underwriter, directly or indirectly sell, offer to sell, contract to sell (including, without limitation,
any short sale), grant any option to purchase or otherwise transfer or dispose of (other than to donees who agree to be similarly bound) any securities of the Company held by it at any time during such period except Common Stock included in such
registration. 
 In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to
the Warrant Stock (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period, and the Registered Holder agrees that, if so requested, such Holder will execute an agreement in the form
provided by the underwriter containing terms which are essentially consistent with the provisions of this Section 19. 
 [Signature Page Follows] 
  

 9 

			
	CALIX NETWORKS, INC.
		
	By:	 	 
		
	Address:	 	 1135 No. McDowell Boulevard
 Petaluma, CA 94954
 Fax Number: (707) 766-3100

  

			
	 AGREED TO AND ACKNOWLEDGED:

	
	 

  

			
		
	By:	 	 

			
		
	Print Name:	 	 

			
		
	Title:	 	 

			
		
	Address:	 	 2021 Opportunity Drive
 Roseville, CA 95678

  

 10 

 EXHIBIT A 
 PURCHASE FORM 
  

			
	 To:   Calix Networks, Inc.
	  	Dated:

 The undersigned, pursuant to the
provisions set forth in the attached Warrant hereby irrevocably elects to purchase                      shares of the Common Stock covered by
the attached Warrant and (please indicate either (a) or (b) below): 
  

					
	            (a)	 		  	tenders herewith payment of the purchase price of such shares in full at the price per share provided for in such warrant, or
	            (b)	 		  	elects to effect such purchase through the Net Issue Exercise provision set forth in Section 1(c) of the attached Warrant.

 The undersigned further acknowledges that it has reviewed the representations and warranties contained in Section 5 of the Warrant and
the covenants contained in Section 19 of the Warrant, and by its signature below the undersigned hereby makes such representations, warranties and covenants as of the date hereof. 
  

			
	Signature:	 	 
		
	Address:	 	 

 EXHIBIT B 
 ASSIGNMENT FORM 
 FOR VALUE RECEIVED,
                                         
                    hereby sells, assigns and transfers all of the rights of the undersigned under the attached Warrant with respect to the number of
shares of Common Stock covered thereby set forth below, unto: 
  

					
	 Name of Assignee
	 	 Address/Fax Number
	 	 No. of Shares

  

									
		 		 	
					
	Dated:	 	 	 		 	Signature:	 	 
					
		 		 		 		 	 
					
		 		 		 	Witness:	 	 

 EXHIBIT C 
 Rule 501(a) under the Securities Act of 1933, as amended: 
 (a) Accredited Investor. “Accredited investor” shall mean any person who comes within any of the following categories, or who the issuer reasonably believes comes within any of the
following categories, at the time of the sale of the securities to that person: 
 (1) Any bank as defined in Section 3
(a) (2) of the Act or any savings and loan association or other institution as defined in Section 3 (a) (5) (A) of the Act whether acting in its individual or fiduciary capacity; any broker dealer registered pursuant to
Section 15 of the Securities Exchange Act of 1934; any insurance company as defined in Section 2(13) of the Act; any investment company registered under the Investment Company Act of 1940 or a business development company as defined in
Section 2(a)(48) of that Act; any Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301 (c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained
by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning
of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, savings and loan association, insurance company, or registered
investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000, or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors; 
 (2) Any private business development company as defined in Section 202 (a) (22) of the Investment Advisers Act of 1940;

 (3) Any organization described in Section 501 (c) (3) of the Internal Revenue Code, corporation, Massachusetts
or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000; 
 (4) Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;

 (5) Any natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his
purchase exceeds $1,000,000; 
 (6) Any natural person who had an individual income in excess of $200,000 in each of the two
most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; 

 (7) Any trust with total assets in excess of $5,000,000, not formed for the specific purpose
of acquiring the securities offered, whose purchase is directed by a sophisticated person as described in Rule 506 (b) (2) (ii); and 
 (8) Any entity in which all of the equity owners are accredited investors. 

 EXHIBIT B 
 ASSIGNMENT FORM 
 FOR VALUE RECEIVED, CMOR
MANUFACTURING hereby sells, assigns and transfers all of the rights of the undersigned under the attached Warrant with respect to the number of shares of Common Stock covered thereby set forth below, unto: 
  

					
	 Name of Assignee
	 	 Address/Fax Number
	 	 No. of Shares

			
	 Chris L. Moore
	 	6520 Carolinda Drive	 	5000 (ALL)
		 	Granite Bay, CA 95746	 	CW-3

  

									
	Dated:	 	2/14/05	 		 	Signature:	 	/s/ Gerald R. Moore
					
		 		 		 		 	Gerald R. Moore
					
		 		 		 	Witness:	 	/s/ [illegible]

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