Document:

EX-10.32

 Exhibit 10.32 
  

 
 OFFER LETTER 

February 29, 2016 
 Todd Whitson 

[PRIVATE ADDRESS] 
 Dear Todd: 

I am pleased to offer you a position with CareDx, Inc. (the “Company”) as a Chief Commercial Officer, reporting to Peter
Maag, President and CEO, beginning April 18, 2016. This position is a full-time, exempt position. This position is a full-time, exempt position, based at our headquarters in Brisbane, California. 

Effective upon commencement of your full-time employment at the Company, you will receive an annualized salary of Two Hundred Seventy
Thousand dollars ($270,000), paid on a semi-monthly basis on our regular paydays. Deductions required by law or authorized by you will be taken from each paycheck. 

As a Company employee, you are also eligible to receive certain employee benefits pursuant to the terms of Company benefit plans as described
in the Employee Handbook. You should note that the Company may modify, in its sole discretion, job titles, salaries, holidays, vacation and any other benefits from time to time as it deems necessary. 

Additionally, you will be eligible to participate in our variable performance bonus plan which has a current annual target of 60%, or
one hundred sixty-five thousand dollars ($165,000). The bonus will be heavily weighted on the achievement of 15,000 AlloMap test and a revenue of >$31.3M amongst other objectives. If test volume exceeds 15,500, an
additional bonus payment of fifty thousand dollars ($50,000) will be considered. You must be employed at the time of payout and the amount is subject to all state and federal taxes. 

Subject to the approval of the Board of Directors of the Company, you will be granted an option to purchase 30,000 shares of the
Company’s Common Stock. This option shall vest, subject to your continued employment with the Company, as to one fourth (1/4) of the shares on the one year anniversary of your start date, and as to an additional one forty-eighth
(1/48th) of the total number of shares subject to the option at the end of each calendar month thereafter. Details of the price of these options will be provided in your stock option grant and determined by the board of directors. 

You should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are
free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause. 

 Todd Whitson 

February 29, 2016 
 For
purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business
days of your date of hire, or our employment relationship with you may be terminated. Your employment also is subject to successful verification of your professional references, and to our standard pre-employment process, which includes completion
of an employment application and successful completion of a standard background check. 
 As a condition to your employment with the
Company, you will be required to sign the Company’s standard At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement, a copy of which will be provided to you. 

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that
may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you
represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which
the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential
information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such
disputes shall be fully and finally resolved by binding arbitration conducted by the American Arbitration Association in San Mateo County, California. 

REMAINDER OF PAGE 
 INTENTIONALLY
LEFT BLANK 

  
 -2- 

 Todd Whitson 

February 29, 2016 
  

 This letter, along with the CareDx At-Will Employment, Confidential Information, Invention
Assignment, and Arbitration Agreement, sets forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may be executed in any number of counterparts, each of which
shall be an original, but all of which together shall constitute one instrument. This letter may not be modified or amended except by a written agreement, signed by the Company and by you. To accept this offer, you may sign, date, and fax this
letter to Charon Spencer, Sr. Director, Human Resources, at (415) 287-2457. Alternatively, you may scan a copy of the signed offer letter and e-mail it to cspencer@CareDx.com. This offer will expire on Tuesday, March 1, 2016. 

We look forward to working with you at CareDx, Inc. 

 

	
	Sincerely,
	
	CareDx, Inc.
	
	 /s/ Peter Maag

	Peter Maag
	President and CEO

 ACCEPTED AND AGREED TO this 

29th day of February, 2016. 

 

	
	 /s/ Todd Whitson

	Todd Whitson

  
 -3-EX-4.1

 Exhibit 4.1 

April 13, 2016 
 True Drinks Holdings, Inc. 

18662 MacArthur Boulevard, Suite 110 
 Irvine, CA 92612 

Attention: Chief Financial Officer 
  

	 	Re:	Letter Agreement re Limitation on Voting Rights 

 Ladies and Gentlemen: 

Reference is hereby made to that certain Securities Purchase Agreement (the “Purchase Agreement”), dated as of the date
hereof, by and between True Drinks Holdings, Inc., a corporation incorporated under the laws of the State of Nevada (the “Company”) and the Purchaser signatories thereto, including Red Beard Holdings, LLC, a limited liability
company organized under the laws of the State of Delaware (“Red Beard”), pursuant to which, among other things, Red Beard agreed to purchase, and the Company agreed to issue and sell, an aggregate of (i) Fifty Thousand
(50,000) shares of the Company’s Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred”) for $100 per share, and (ii) five year warrants (the “Warrants”) to acquire
Thirty Three Million Three Hundred Thirty Three Thousand Three Hundred and Thirty-Four (33,333,334) shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at an exercise price of $0.15 per share,
on the terms and subject to the conditions set forth in the Purchase Agreement. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings assigned to them in the Purchase Agreement. 

Following the consummation of the transactions contemplated by the Purchase Agreement, Red Beard, together with its “affiliates” (as
such term is defined in Rule 144 under the Securities Act of 1933, as amended), would, in the absence of an agreement to the contrary, collectively own and be entitled to vote, in excess of 50% of the total voting power of the outstanding shares of
capital stock of the Company (the “Voting Power”). 
 As of the date of this letter agreement, the “affiliates”
of Red Beard include: (i) LB 2, LLC, a limited liability company organized under the laws of the State of California (“LB 2”), (ii) Vincent C. Smith, Jr. Annuity Trust 2015-1, a trust organized under the laws of the State
of California (the “GRAT”), and (iii) Vincent C. Smith, an individual (“Mr. Smith” and, together with LB 2, the GRAT and Red Beard, the “Stockholders”). For purposes of this letter agreement,
“Stockholders” shall include any “affiliate” of any of the Stockholders to which any shares of capital stock of the Company are sold or transferred on or following the date hereof. 

Effective immediately upon the consummation of the transactions contemplated by the Purchase Agreement, the Stockholders agree that they shall
not be entitled to vote any outstanding shares of capital stock of the Company (including any shares of Series C Preferred or Common Stock, including any shares of Common Stock acquired upon the exercise of warrants), whether owned as of the date
hereof or acquired thereafter, to the extent that the Stockholders would control in excess of 50% of the Voting Power; provided, however, that the Stockholders shall be entitled to vote that number of shares of the capital stock of the
Company held by the Stockholders that equal up to exactly 50% of the Voting Power. 

  
 1 

 The Stockholders acknowledge that pursuant to Article 8(a) of the First Amended and Restated
Certificate of Designation, Preferences, Rights and Limitations of Series B Convertible Preferred Stock of True Drinks Holdings, Inc. (the “Series B Certificate of Designation”), the Company is required to redeem all of the then
outstanding shares of the Company’s Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Preferred”) on the effective date of any “Change of Control” (as defined in Section 6(b) of the
Series B Certificate of Designation). The Stockholders further acknowledge that the principal purpose for entering into this letter agreement is to ensure that the consummation of the transactions contemplated by the Purchase Agreement, as well as
the acquisition of any additional shares of capital stock of the Company by the Stockholders on or following the date hereof (whether upon purchase, transfer, exercise of outstanding warrants, conversion of outstanding Series C Preferred, or
otherwise), shall not result in a “Change of Control” for purposes of the Series B Certificate of Designation. 
 Notwithstanding
the agreements and acknowledgements of the Stockholders in the foregoing paragraph, the voting limitation set forth in this letter agreement shall terminate, in whole or in part, upon the expiration of 61 days following the date on which written
notice is delivered to the Company by the Stockholders holding a majority of the shares of capital stock of the Company then held by all Stockholders requesting that the voting limitation be so terminated. For the sake of clarity, the Company agrees
that the Stockholders shall be permitted to deliver such notice even to the extent that doing so may constitute a “Change of Control” for purposes of the Series B Certificate of Designation. Promptly upon receipt of such notice, the
Company shall take such actions as are necessary in order to terminate the voting limitation in a manner consistent with the first sentence of this paragraph. 

This letter agreement may only be amended or modified by an agreement in writing signed by each party hereto. This letter agreement shall be
binding upon and shall inure to the benefit of each party hereto and their respective successors and assigns. 
 This letter agreement and
any dispute or claim arising out of or in connection with it or its subject matter shall be governed by and construed in accordance with the internal laws of the State of Nevada applicable to contracts executed in and to be performed in such
jurisdiction. 
 This letter agreement may be executed in any number of counterparts, each of which shall constitute an original but all of
which together shall constitute one and the same instrument. 
 Each of the parties to this letter agreement shall, from time to time at the
reasonable request of the other party, furnish the other party such further information or assurances, execute and deliver such additional documents, instruments and conveyances, and take such other actions and do such other things, as may be
reasonably necessary or desirable to carry out the provisions of this letter agreement and give effect to the matters contemplated hereby. 

[Signature Page Follows] 

  
 2 

 To indicate your agreement with and acceptance of the terms of this letter agreement, please
execute this letter in the space provided below and return it to my attention at the above address. 
  

			
	Very truly yours,
	
	LB 2, LLC
		
	By:	 	  /s/ Vincent C. Smith

			
	Name:	 	Vincent C. Smith
	Title:	 	Manager

 
			
	
	 VINCENT C. SMITH, JR.

ANNUITY TRUST 2015-1

		
	By:	 	  /s/ Vincent C. Smith

			
	Name:	 	Vincent C. Smith
	Title:	 	Trustee

 
			
	
	RED BEARD HOLDINGS, LLC
		
	By:	 	  /s/ Vincent C. Smith

			
	Name:	 	Vincent C. Smith
	Title:	 	Manager
	
	VINCENT C. SMITH
	
	  /s/ Vincent C. Smith

  

			
	ACKNOWLEDGED AND ACCEPTED BY:
	
	TRUE DRINKS HOLDINGS, INC.
		
	By:	 	  /s/ Daniel Kerker

			
	Name:	 	Daniel Kerker
	Title:	 	Chief Financial Officer

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