Document:

ex_174043.htm

Exhibit 4.2

 

INPHI CORPORATION

DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO

SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

Inphi Corporation, a Delaware corporation (“we”, “us” or “our”), has one class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934: our common stock, $0.001 par value per share. The general terms and provisions of our common stock are summarized below. This summary does not purport to be complete and is qualified in its entirety by reference to our restated certificate of incorporation and our amended and restated bylaws, each of which has been filed as an exhibit to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as may be amended by a document filed with one of our periodic reports filed with the SEC subsequent to the date of that Annual Report.

 

Common Stock

 

We are authorized to issue 500,000,000 shares of common stock. Each holder of common stock is entitled to one vote for each share of common stock held on all matters submitted to a vote of stockholders and are not entitled to cumulative voting in the election of directors by our restated certificate of incorporation. This means that the holders of a majority of the voting shares can elect all of the directors then standing for election. Subject to preferences that may apply to shares of preferred stock outstanding at the time, the holders of outstanding shares of our common stock are entitled to receive dividends out of assets legally available at the times and in the amounts that our board of directors may determine from time to time. Upon our liquidation, dissolution or winding-up, the holders of common stock are entitled to share ratably in all assets remaining after payment of all liabilities and the liquidation preferences of any outstanding preferred stock. Holders of common stock have no preemptive or conversion rights or other subscription rights. There are no redemption or sinking fund provisions applicable to the common stock. All outstanding shares of common stock are fully paid and nonassessable.

 

Anti-Takeover Effects of Delaware Law and Our Certificate of Incorporation and Bylaws

 

The provisions of Delaware law, our restated certificate of incorporation and our amended and restated bylaws may have the effect of delaying, deferring or discouraging another party from acquiring control of us.

 

Delaware Law

 

We are subject to Section 203 of the Delaware General Corporation Law (“Section 203”). Section 203 generally prohibits a publicly-held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless:

 

	 	
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			prior to the date of the transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

			

 

	 	
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			the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding voting stock owned by the interested stockholder) shares owned (a) by persons who are directors and also officers, and (b) by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

			

 

 

 

 

	 	
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			upon or subsequent to the consummation of the transaction, the business combination is approved by the board and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder.

			

 

Section 203 defines a business combination to include:

 

	 	
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			any merger or consolidation involving the corporation and the interested stockholder;

			

 

	 	
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			any sale, transfer, pledge, or other disposition of 10% or more of the assets of the corporation to or with the interested stockholder;

			

 

	 	
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			subject to exceptions, any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any class or series of the corporation owned by the interested stockholder;

			

 

	 	
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			subject to exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; and

			

 

	 	
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			the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges, or other financial benefits provided by or through the corporation.

			

 

In general, Section 203 defines an interested stockholder as any entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with, controlling, or controlled by the entity or person.

 

Charter and Bylaws

 

Our restated certificate of incorporation and amended and restated bylaws provide that:

 

	 	
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			no action can be taken by stockholders except at an annual or special meeting of the stockholders called in accordance with our amended and restated bylaws, and stockholders may not act by written consent;

			

 

	 	
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			the classification of our board of directors so that only a portion of our directors is elected each year, with each director serving a three-year term;

			

 

	 	
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			the approval of holders of two-thirds of the shares entitled to vote at an election of directors will be required to adopt, amend or repeal our amended and restated bylaws or amend or repeal the provisions of our restated certificate of incorporation regarding the election and removal of directors and the ability of stockholders to take action by written consent or call a special meeting;

			

 

	 	
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			our board of directors will be expressly authorized to make, alter or repeal our amended and restated bylaws;

			

 

	 	
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			the Court of Chancery of the State of Delaware will have the sole and exclusive forum for derivative actions, claims of breach of a fiduciary duty, claims asserted under the Delaware General Corporation Law or claims governed by the internal affairs doctrine;

			

 

	 	
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			stockholders may not call special meetings of the stockholders or fill vacancies on the board;

			

 

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			stockholders must provide notice of nominations of directors or the proposal of business to be voted on at an annual meeting;

			

 

	 	
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			our board of directors will be authorized to issue preferred stock without stockholder approval, as described above;

			

 

	 	
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			directors may only be removed for cause; and

			

 

	 	
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			we will indemnify officers and directors against losses that they may incur in investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures.

			

 

The New York Stock Exchange Listing Symbol

 

Our common stock is listed on The New York Stock Exchange under the symbol “IPHI.”

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company.

 

3ex_174052.htm

 

Exhibit 10.33

 

 

THIRD AMENDMENT TO LEASE

 

THIS THIRD AMENDMENT TO LEASE (this "Amendment") is made effective as of September 23, 2019 (the "Effective Date"), by and between WILSON BUNKER HILL, LLC, a Delaware limited liability company ("Lessor"), and INPHI CORPORATION, a Delaware corporation ("Lessee").

 

RECITALS

 

A.     Lessor (as successor-in-interest to Bayland Corporation, a California corporation) and Lessee are parties to that certain lease entitled "Standard Office Lease - Gross" dated September 20, 2012 (the "Original Lease"), as amended by that certain First Amendment to Lease ("First Amendment") dated as of May 28, 2014 and as further amended by that certain Second Amendment to Lease ("Second Amendment") dated as of January 13, 2017 (as amended, the "Lease"), pursuant to which Lessee leases from Lessor the premises situated in Suites 208, 210, 300 and 400 in the building located at 2953 Bunker Hill, Santa Clara, California (the "Building"), consisting of approximately 68,950 rentable square feet as more particularly described in the Lease.

 

B.     As of October 31, 2019 (the "Give Back Date"), Lessee desires to downsize the Premises by surrendering to Lessor approximately 6,650 rentable square feet of the Premises (commonly known as Suite 210 and as defined under the Second Amendment as the Suite 210 Expansion Premises, which shall be referred to herein as the "Give Back Space").

 

C.     Lessor and Lessee desire to amend the Lease to reduce the size of the rentable area of the Existing Premises and to modify and acknowledge other provisions of the Lease, all as more particularly set forth herein and subject to the terms hereof.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee agree that the Lease is amended as follows:

 

1.     DEFINED TERMS. Capitalized terms used and not otherwise defined herein shall have the same meanings ascribed to them in the Lease. From and after the date hereof, unless the context otherwise clearly requires, the use of the term "Lease" herein shall mean the Lease, as amended by this Amendment.

 

 

2.     SURRENDER OF THE GIVE BACK SPACE; PREMISES; ACCESS.

 

a.     Surrender of the Give Back Space. On the Give Back Date, Lessee shall surrender to Lessor possession and all rights to the Give Back Space. The Give Back Space shall be surrendered to Lessor in broom-clean condition, free of all of Lessee's personal property, and otherwise in the condition required under the terms of Section 7.2(b) (Lessee's Obligations) of the Original Lease and Section 11 of the Second Amendment, including restoration of the Give Back Space to restore any room(s) removed (collectively, the "Surrender Obligations").

 

b.     Premises. The parties agree that after the Give Back Space is returned to Lessor as set forth herein, the measurement of the downsized Premises shall be approximately 62,300 rentable square feet, consisting of the Suite 208 Expansion Premises and the Existing Premises (the "Reduced Premises"), and, thereafter, all references to "Premises" in the Lease and in this Amendment shall be references to the Reduced Premises.

 

 

 

 

c.     Lessor's Right of Access. Lessee shall pennit Lessor and its employees and agents, upon request of no less than one (1) business day, to conduct property tours and enter the Premises at reasonable times during normal business hours, to show the Premises to any prospective tenants. Lessee may, at its sole option, require that its representative be present during any such property tours.

 

3.     TERM OF THE LEASE. Tenant acknowledges that, pursuant to Section 2 of the Second Amendment, the tenn of the Lease (i) with respect to the Existing Premises, consisting of Suites 300 and 400, expired on September 17, 2019, and (ii) with respect to the Suite 208 Expansion Premises, in Suite 208, shall expire on December 31, 2019. Any holding over by Lessee after the expiration of the term shall be a tenancy from month to month and, in accordance with the provisions of Section 26 to the Original Lease, rent payable shall be calculated at one hundred fifty percent (150%) of the rent payable for the month immediately preceding the termination date of the Lease.

 

4.     BASE RENT.

 

(a)     Effective as of September 17, 2019, in addition to all other charges payable pursuant to the Lease, Lessee shall pay the following installments of monthly Base Rent for the Premises, in accordance with the terms of Sections 4 and 26 of the Original Lease:

 

	
			Term

			 

				
			Monthly Base Rent

			 

			
	
			 

			September 17, 2019 - Give Back Date

			 

				
			 

			$274,029.85

			

 

 

(b)     As of November 1, 2019 (provided that the Give Back Space has been surrendered to Lessor in accordance with Section 2 above), in addition to all other charges payable pursuant to the Lease, Lessee shall pay the following installments of monthly Base Rent for the Premises, in accordance with the tenns of Sections 4 and 26 of the Original Lease:

 

	
			Term

			 

				
			Monthly Base Rent

			
	
			 

			Give Back Date - December 31, 2019*

			 

				
			 

			$249,291.85

			
	
			*Such monthly Base Rent amount shall be modified at such time as Lessee surrenders Suites 300 and/or 400 in accordance with the Surrender Obligations.

			

 

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(c)     In the event Tenant has not surrendered possession of the Suite 208 Expansion Premises and the Existing Premises (located in Suites 300, 400 or 208) to Landlord in accordance with the Surrender Obligations on or prior to December 31, 2019, in addition to all other charges payable pursuant to the Lease, Lessee shall pay the following installments of monthly Base Rent for the Premises, in accordance with the terms of Sections 4 and 26 of the Original Lease:

 

	
			Term

			 

				
			Monthly Base Rent

			 

			
	
			On a month to month basis effective

			January 1, 2020*

				
			 

			$257,449.81

			 

			
	
			*Such monthly Base Rent amount shall be modified at such time as Lessee surrenders Suites 208, 300 and/or 400 in accordance with the Surrender Obligations.

			

 

 

5.    CONDITION OF THE PREMISES. Lessor shall have no obligation to construct leasehold improvements for Lessee or to repair or refurbish any portion of the Premises. Neither Lessor nor its agents or representatives have made any representations or promises with respect to the Building, the Office Building Project or the Premises, except as specifically set forth in the Lease or this Amendment, and Lessee confirms that Lessee has accepted the same "AS IS", and that the Premises are suited for Lessee's use and is in good and satisfactory condition.

 

6.     PARKING. As of the Give Back Date, Section 2.2 in the Original Lease, as amended in Section 10 of the First Amendment and as further amended in Section 9 of the Second Amendment, is hereby deleted in its entirety and shall be replaced with the following:

 

"Vehicle Parking: Subject to the rules and regulations attached hereto, and as established by Lessor from time to time, Lessee shall be entitled to rent and use 249 unreserved parking spaces in the Office Building Project."

 

Lessor and Lessee hereby agree to extend the term of that certain Parking License Agreement dated as of August 15, 2017 (the "License Agreement") to the date of expiration of the month-to month term hereunder with respect to the Existing Premises and the Suite 208 Expansion Premises, and Lessee shall continue to have a license to use the striped space described in the License Agreement.

 

7.     DELETION OF LEASE PROVISIONS. Effective immediately, Section 56 of the Original Lease (Expansion Rights), Section 57 to the Original Lease (Option to Extend), Section 7 to the First Amendment (Extension Option) and Section 7 to the Second Amendment (Extension Option) are hereby deleted in their entirety and shall be of no further force or effect.

 

8.     BROKERS. Lessee represents and warrants to Lessor that it has not engaged any broker, finder or other person who would be entitled to any commission or fees in respect of the negotiation, execution or delivery of this Amendment and shall indemnify, defend and hold harmless Lessor against any loss, cost, liability or expense incurred by Lessor as a result of any claim asserted by any such broker, finder or other person on the basis of any arrangements or agreements made or alleged to have been made by or on behalf of Lessee. The provisions of this section shall not apply to brokers with whom Lessor has an express written broker agreement.

 

9.     SPECIFIC REPRESENTATIONS BY LESSEE. Lessee represents and warrants to Lessor that, as of the date hereof: (i) to Lessee's knowledge, Lessee is not in breach or default of any of its obligations under the Lease, and no events have occurred which with the passage of time and/or the giving of notice would constitute a breach or default by Lessee under the Lease; (ii) to Lessee's knowledge, Lessor is not in breach or default of any of its obligations under the Lease, and no events have occurred which with the passage of time and/or the giving of notice would constitute a breach or default by Lessor under the Lease; (iii) the Lease is in full force and effect and constitute the only agreements between Lessor and Lessee regarding the leasing of the Premises; (iv) to Lessee's knowledge, Lessee is not entitled to any credits, offsets, concessions or abatements under the Lease, or otherwise against the payment of rent or other charges under the Lease; (v) Lessee is not a party to any bankruptcy or similar proceeding; and (vi) Lessee holds the entire interest of the "Lessee" under the Lease, and has not assigned or sublet any interest therein.

 

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10.   NOTICES.     All notices to Lessor shall be sent in accordance with Section 23 of the Original Lease to the following addresses:

 

	If to Lessor:	
			WILSON BUNKER HILL, LLC

			c/o Buchanan Street Partners

			3501 Jamboree Road, Suite 4200

			Newport Beach, California 92660

			Attention: Timothy Ballard

			
	 	 
	With a copy to:	
			WILSON BUNKER HILL, LLC

			c/o Buchanan Street Partners

			3501 Jamboree Road, Suite 4200

			Newport Beach, California 92660

			Attention: Brian Payne

			

 

11.   CONTINUING EFFECTIVENESS. The Lease, except as amended hereby, remains unamended, and, as amended hereby, remains in full force and effect.

 

12.   COUNTERPARTS. This Amendment may be executed in counterparts, each of which shall constitute an original, and all of which, together, shall constitute one document.

 

13.   ENTIRE AGREEMENT. This Amendment embodies the entire understanding between Lessor and Lessee with respect to its subject matter and can be changed only by an instrument in writing signed by Lessor and Lessee.

 

14.  CORPORATE AND PARTNERSHIP AUTHORITY. If Lessee is a corporation or partnership, or is comprised of either or both of them, each individual executing this Amendment for the corporation or partnership represents that he or she is duly authorized to execute and deliver this Amendment for the corporation or partnership and that this Amendment is binding upon the corporation or partnership in accordance with its terms.

 

15.   ATTORNEYS' FEES. The provisions of the Lease respecting attorneys' fees shall apply to this Amendment or, if the Lease does not contain an attorney's fees clause, then if legal action shall be commenced to enforce or declare the effect of any provision of this Amendment or of the Lease, the court as a part of its judgment shall award reasonable attorneys' fees and costs to the prevailing party.

 

16.   EXECUTION BY BOTH PARTIES. Submission of this instrument for examination or signature by Lessee does not constitute a reservation of or option to lease, and it is not effective as an amendment to lease or otherwise until execution by and delivery to both Lessor and Lessee, and execution and delivery hereof.

 

17.   ELECTRONIC SIGNATURES. Each party hereto, and their respective successors and assigns shall be authorized to rely upon the signatures of all of the parties hereto on this Amendment which are delivered by facsimile, telecopier or electronic mail transmission as constituting a duly authorized, irrevocable, actual, current delivery of this Amendment with original ink signatures of each person and entity.

 

 

 

(SIGNATURES ON NEXT PAGE)

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

LESSEE:

 

INPHI CORPORATION,

A Delaware corporation

 

By: /s/ John Edmunds

Name: John Edmunds

Its: SVP & CFO

 

 

LESSOR:

 

WILSON BUNKER HILL, LLC,

a Delaware limited liability company

 

By: Wilson Buchanan Manager, LLC, a

Delaware-limited liability company

Its Manager

 

By: /s/ Robert J. Doughery

Name: Robert J. Dougherty

Title: Vice President

 

 

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