Document:

Exhibit 10.1 

Agreement, Waiver & Consent
entered into March 23, 2012, between Move, Inc. and both Elevation Partners,
L.P. and 
Elevation Side Fund, LLC, including Notice of Redemption dated
March 21, 2012. 

MOVE, INC. 

NOTICE OF
REDEMPTION
Series B Convertible
Participating Preferred Stock 

March 21, 2012 

	TO:	
	Elevation Partners, L.P.	Elevation Employee Side Fund,
  LLC
	2800 Sandhill Road	2800 Sandhill Road
	Menlo Park, CA 94025	Menlo Park, CA
94025

     NOTICE IS
HEREBY GIVEN by Move, Inc., a Delaware corporation formerly known as Homestore,
Inc. (the “Corporation”), the issuer of certain shares of Series B Convertible
Participating Preferred Stock (the “Series B
Preferred Stock”), issued pursuant to that
certain Certificate of Designation of Series B Convertible Participating
Preferred Stock of Homestore, Inc. (the “Certificate of Designation”), executed
by the Corporation on November 29, 2005, that, pursuant to Section 6(b) of the
Certificate of Designation, the Corporation has elected to redeem, on April 6,
2012 (the “Redemption Date”), all of the outstanding shares of the Series B Preferred
Stock (the “Redemption Shares”), such transaction to be referred to herein as
the “Redemption.” All capitalized terms used but not otherwise defined in this notice
have the respective meanings ascribed in the Certificate of Designation.

    
Pursuant to the Agreement, Waiver and Consent provided for below (the
“Agreement, Waiver and Consent”) among Elevation Partners, L.P.
(“Elevation”), Elevation Side Fund, LLC (“Side
Fund”, and together with Elevation, the
“Stockholders”), and the Corporation, among other things, each Stockholder is waiving
(i) the provisions of Section 6(b)(ii) of the Certificate of Designation
(requiring no less than thirty (30) days notice prior to the Redemption Date for
the Redemption), so long as no less than fifteen (15) days prior notice are
provided with respect to such Redemption Date, and (ii) the provisions of
Section 6(c)(i) of the Certificate of Designation (requiring the deposit of the
Redemption Price with a redemption agent in trust). 

    
This notice is being given to the holders of record of the Series B
Preferred Stock as they appear in the records of the Corporation as of March 21,
2012 (the “Record Date”). All Redemption Shares are to be redeemed on the Redemption
Date. Set forth below with respect to each holder of Series B Preferred Stock as
of the Record Date is (i) the number of shares of Series B Preferred Stock held
on the Record Date by such person, (ii) the number of Redemption Shares held by
such person to be redeemed on the Redemption Date and (iii) the number of shares
of Series B Preferred Stock to be held by such person immediately after giving
effect to the Redemption. 

	Stockholder of Record	Number of Shares of
Series B Preferred
Stock Held on
      the
Record
      Date	Number of
Redemption Shares to
be Redeemed on the
Redemption Date	Number of Shares of
Series B Preferred
Stock Held
Immediately After
      the
Redemption

	Elevation	49,033.26	 	49,033.26	 	0.00	 
	Side Fund	10.79	 	10.79	 	0.00	 
	Total	49,044.05		49,044.05		0.00	

    
Pursuant to Section 6(b)(i) of the Certificate of Designation, the
redemption price payable in respect of each share of Series B Preferred Stock to
be redeemed in an optional redemption is the greater of (x) the Regular
Liquidation Preference and (y) the value of the number of shares of Common Stock
issuable upon conversion of such share of Series B Preferred Stock if converted
as of the Redemption Date. As of the date first set forth above, the Corporation
expects that the redemption price payable with respect to each share of Series B
Preferred Stock to be redeemed on the Redemption Date (i.e., the Redemption
Shares) will be the Regular Liquidation Preference, and, accordingly, will be an
amount equal to the Original Purchase Price plus all accrued but unpaid
dividends on such share, for an aggregate per share redemption price as of the
Redemption Date of $1,000 (the “Redemption
Price”) (subject to final determination as of
the Redemption Date in accordance with the Certificate of Designation), and an
aggregate Redemption Price for all outstanding shares of Series B Preferred
Stock of $49,497,026.35, computed as follows: 

	Original Purchase Price
      per Share	       	$1,000.00
	Multiplied by:
      Redemption Shares		49,044.05
	Subtotal		$49,044,050
	 
	Dividends accrued and
      unpaid on such 		
	outstanding shares through
      the date immediately		
	prior to the Redemption
      Date -- includes dividend		
	accrued and unpaid as of
      March 31, 2012	 	
	($429,135.49) and further
      dividend accrued and		
	unpaid from April 1, 2012
      through the date		
	immediately prior to the
      Redemption Date		
	($23,840.86)		$452,976.35
	Aggregate Redemption
      Price		$49,497,026.35

     Pursuant to the Agreement, Waiver and Consent, the
Stockholders are waiving the provisions of Section 6(c)(i) of the Certificate of
Designation that would require the deposit of the Redemption Price with a
redemption agent in trust, and agreed that in lieu thereof, the Redemption Price
with respect to the Redemption may be paid to the Stockholders on the Redemption
Date by wire transfer of immediately available funds to the account or accounts
designated by each Stockholder in a written notice to the
Corporation.

     Dividends on
the Redemption Shares will cease to accrue on the Redemption Date; the
Redemption Shares will no longer be deemed to be outstanding; and all powers,
designations, preferences and other rights of each holder thereof as a holder of
shares of Series B Preferred Stock that constitute Redemption Shares (except the
right to receive the Redemption Price) shall cease and terminate with respect to
such shares; provided that in the event that a Redemption Share is not redeemed due
to a default in payment by the Corporation or because the Corporation is
otherwise unable to pay the Redemption Price in cash in full, (i) such
Redemption Share will remain outstanding and will be entitled to all of the
powers, designations, preferences and other rights (including but not limited to
the accrual and payment of dividends and the conversion rights) as provided in
the Certificate of Designation and (ii) notwithstanding anything to the contrary
in this notice, from and after the date hereof, the Corporation shall retain all
rights held by the Corporation under the Certificate of Designation with respect
to such Redemption Share, including, but not limited to, the right to redeem, at
its option and election, any outstanding shares of Series B Preferred Stock at a
redemption price determined in accordance with the Certificate of Designation.

    
DELIVERY OF SHARE CERTIFICATES REPRESENTING REDEMPTION SHARES TO AN
ADDRESS OTHER THAN TO THE CORPORATION AT 910 E. HAMILTON AVE., 6TH FLOOR,
CAMPBELL, CA 95008 WILL NOT CONSTITUTE A VALID DELIVERY. 

DATED as of the 21st day of March, 2012

MOVE, INC. 

	By:	/s/
    James S. Caulfield
	Name:  	James
    S. Caulfield
	Title:	Executive Vice President, General Counsel and
      Secretary  

AGREEMENT, WAIVER & CONSENT BY
STOCKHOLDERS 

This Agreement, Waiver and Consent is
entered into as a part of the above Notice of Redemption and upon execution by
the parties hereto shall be effective of even date with such Notice of
Redemption. All capitalized terms used in this Agreement, Waiver and Consent but
not otherwise defined in this Agreement, Waiver and Consent have the respective
meanings ascribed in such notice or, if none, in the Certificate of Designation.

The Stockholders are collectively the
holders of record of all of the outstanding shares of Series B Preferred Stock
as of the date hereof and have agreed to provide the following representations,
warranties, covenants and waivers with respect to the contemplated Redemption.
Accordingly, in consideration of the premises contained herein and other good
and valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, each Stockholder, by its execution below, hereby: 

	     	(i)	     	represents and
      warrants to the Corporation, solely on behalf of itself, that such
      Stockholder is the record and beneficial owner of: (a) in the case of
      Elevation, 49,033.26 shares of Series B Preferred Stock (the
      “Elevation Partners
      Shares”) and no additional shares of
      Series B Preferred Stock; and (b) in the case of Side Fund, 10.79 shares
      of Series B Preferred Stock (the “Side Fund Shares”) and no additional
      shares of Series B Preferred Stock, in each case, free and clear of any
      liens, claims, encumbrances, security interests, options, charges or
      restrictions of any kind (collectively, “Encumbrances”), and, on the
      Redemption Date, such Stockholder shall deliver to the Corporation good
      and valid title to the Redemption Shares held by such Stockholder, free
      and clear of any Encumbrances;
		 
		(ii)		covenants that such
      Stockholder shall, at least three (3) Business Days prior to the
      Redemption Date, designate by written notice to the Corporation the
      account or accounts to which the Redemption Price payable to such
      Stockholder in exchange for the Redemption Shares held by such Stockholder
      shall be paid by wire transfer;
		 
		(iii)		covenants that such
      Stockholder shall, on the Redemption Date, deliver to the Corporation
      certificates representing the Redemption Shares held by such Stockholder,
      duly endorsed (or accompanied by duly executed stock powers);
		 
		(iv)		covenants that such
      Stockholder shall, upon request, execute and deliver any additional
      documents deemed by the Corporation (or its successor) to be necessary or
      desirable to complete the surrender of the certificate(s) representing the
      Redemption Shares;
		 
		(v)		acknowledges and
      agrees that immediately after giving effect to the Redemption Elevation
      shall no longer hold any shares of Series B Preferred Stock, and Side Fund
      shall no longer hold any shares of Series B Preferred Stock;
		 
		(vi)		acknowledges and
      agrees to the provisions of this notice, including, without limitation,
      the provisions with respect to the Redemption, the Redemption Date and the
      Redemption Price;
		 
		(vii)		acknowledges and
      agrees that, to the extent Redemption is not permitted under the Delaware
      General Corporation Law, the Certificate of Designation, the Stockholders
      Agreement or any of the Corporation’s organizational documents, the
      Redemption shall be deemed for all purposes to be, and shall be treated
      for all purposes as, a stock purchase transaction rather than a redemption
      of the Redemption Shares effected pursuant to the Certificate of
      Designation, and this notice shall be deemed for all purposes to be, and
      shall be treated for all purposes as, a stock purchase
  agreement;
		 
		(viii)		to the extent (and in
      each case only to the extent) required to effect the Redemption, hereby
      waives the provisions of Section 6(b)(ii) of the Certificate of
      Designation that would require no less than thirty (30) days notice prior
      to the Redemption Date for the Redemption, so long as no less than fifteen
      (15) days prior notice is provided with respect to such Redemption Date,
      and each Stockholder hereby acknowledges its timely receipt of such prior
      notice and the validity of such notice;
		 
		(ix)		to extent (and in each
      case only to the extent) required to effect the Redemption, hereby waives
      the provisions of Section 6(c)(i) of the Certificate of Designation that
      would require the deposit of the Redemption Price with a redemption agent
      in trust, and agrees that in lieu thereof, the Redemption Price with
      respect to the Redemption may be paid to the Stockholders on the
      Redemption Date by wire transfer of immediately available funds to the
      account or accounts designated by each Stockholder in a written notice to
      the Corporation;

		(x)		agrees to provide the
      Corporation with prompt written notice of any transfer of any of its
      shares of Series B Preferred Stock prior to the Redemption Date except in
      connection with the Redemption;
		 
	     	(xi)	     	agrees to take such
      further action as may be reasonably requested by the Corporation to
      implement this Agreement, Waiver and Consent, including voting its shares
      of Series B Preferred Stock to amend the Certificate of Designation in a
      manner consistent with this Agreement, Waiver and Consent if such
      amendment is determined by the Corporation to be necessary or desirable;
      and
		 
		(xii)		agrees, and the
      Corporation also agrees, that this Agreement, Waiver and Consent shall be
      governed by and construed in accordance with the internal laws of the
      State of Delaware, that this Agreement, Waiver and Consent shall be
      binding on any respective successors and permitted transferees of each
      Stockholder and the of the Corporation, that this Agreement, Waiver and
      Consent may be executed by one or more of the parties hereto in any number
      of separate counterparts and all of said counterparts taken together shall
      be deemed to constitute one and the same instrument and that delivery of
      an executed signature page of this Agreement, Waiver and Consent by
      facsimile or electronic transmission shall be effective as delivery of a
      manually executed counterpart hereof.

Except as expressly waived hereby with
respect to the Redemption, the Certificate of Designation shall continue to be,
and shall remain, in full force and effect in accordance with the provisions
thereof. To the extent the Redemption Date with respect to the Redemption does
not occur on or before April 6, 2012, the waivers contained in this Agreement,
Waiver and Consent shall terminate in their entirety and the Certificate of
Designation shall continue in full force and effect in accordance with the
provisions thereof. 

DATED as of the 21st day of March, 2012

	ELEVATION:	     	SIDE FUND:
	 		
	Elevation Partners,
      L.P.		Elevation Employee Side
      Fund, LLC
	By: Elevation Associates,
      L.P., as General Partner		By: Elevation Management,
      LLC, as Managing Member
	By: Elevation Associates,
      LLC, as General Partner			
	 
	By:	/s/ Fred Anderson	 		By:	/s/ Fred Anderson	 
	Name:  	Fred Anderson	 		Name:  	Fred Anderson	 
	Title:	Manager	 		Title:	Manager	 

 
MOVE, INC. 

	By:	/s/ James S. Caulfield
	Name:  	James S. Caulfield
	Title:	Executive Vice President, General Counsel and
      Secretary  

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Exhibit 10.64

 

FIRST AMENDMENT TO OFFICE LEASE

 

THIS FIRST AMENDMENT TO OFFICE LEASE (the “Amendment”) is dated for reference purposes only, this 27th day of January, 2011, by and between OLEN COMMERCIAL REALTY CORP., A NEVADA CORPORATION (“Landlord”), on the one hand, and PATIENT SAFETY TECHNOLOGIES, INC., A DELAWARE CORPORATION, (“Tenant”) on the other hand, with reference to the facts set forth in the Recitals below.

 

R E C I T A L S :

 

A. Landlord and Tenant are parties to that certain Office Lease dated September 15, 2010, (the “Lease”), pursuant to which Tenant leases from Landlord those certain premises (the “Original Premises”) consisting of approximately 3,300 rentable square feet commonly known as 2 Venture, Suite 350, Irvine, CA 92618 (the “Building”), and more particularly described in the Lease.

 

B. Capitalized terms not defined in this Amendment have the meanings given to them in the Lease.

 

C. Tenant desires to lease 2,046 rentable square feet of Additional Space known as 2 Venture, Suite 360, Irvine, CA 92618 on the third (3rd) floor of the Building. Landlord and Tenant desire to amend the Lease to reflect the addition of Suite 360, in accordance with the terms hereinafter provided.

 

A G R E E M E N T :

 

NOW THEREFORE, in consideration of the above Recitals and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

 

1.            Additional Space. Effective February 15, 2011, Tenant shall lease from Landlord 2,046 rentable square feet on the third (3rd) floor of 2 Venture, Irvine, CA 92618 known as Suite 360 depicted by diagonal lines on Exhibit “A-1” attached hereto (the “Additional Space”). The term of the lease for the Additional Space shall commence February 15, 2011 and shall expire on December 19, 2013.

 

2.            Early Possession. Additionally, Landlord agrees to grant Tenant rent-free Early Possession of the Additional Space, the date to be upon Landlord’s notice to Tenant that Tenant Improvements are Substantially Complete. Lease payments for the Additional Space shall not commence until February 15, 2011. Tenant agrees to hold Landlord harmless from any liability or responsibility for damages to any of Tenant’s personal property, or for any loss suffered by Tenant through vandalism, theft, or destruction of said personal property by fire or other causes. It is agreed by Tenant and Landlord that all the terms and conditions of the Lease are to be in full force and effect, except as to rent, as of the date of Tenant’s possession of the Additional Space.

 

3.            Monthly Base Rent for Additional Space. Commencing February 15, 2011, the Monthly Base Rent for the Additional Space shall be $3,171.30 per month (subject to annual adjustments as described herein).

 

  

1

  

 

4.            Project Operating Costs and Real Estate Taxes for the Additional Space. Tenant shall pay annually Tenant’s Share of increases in Building Operating Expenses in excess of the 2011 Base Year for the Additional Space with pro-ration starting February 15, 2011 or actual start date of the Lease for suite 360.

 

5.            Security Deposit for the Additional Space. Tenant shall pay $3,364.43 Security Deposit equal to the last Month’s Rent for the Additional Space.

 

6.            Annual Rent Adjustment for the Additional Space.

 

Commencing February 15, 2012 through February 14, 2013, the Monthly Base Rent for the Additional Space shall be $3,266.44.

 

Commencing February 15, 2013 through December 19, 2013, the Monthly Base Rent for the Additional Space shall be $3,364.43.

 

7.            Condition of Premises. Landlord, at its sole cost, shall complete the following Tenant Improvements in the Additional Space, pursuant to Exhibit “A-1” attached hereto, using Landlord’s building standards:

 

	
1.  

	
Demolish and remove approximately ten (10) linear feet of existing wall where shown;

	
2.  

	
Patch/repair existing carpet to match existing carpet in suite 360 to the best of Landlord’s ability.

 

Tenant acknowledges that Landlord has forewarned Tenant of the inconvenience Tenant may experience by occupying Suite 350 while Tenant Improvements are on going in Suite 360, including, but not limited to, interruption of utilities, noise, dust and debris, and that Landlord is accommodating Tenant's request to complete Tenant Improvements in Suite 360 during Tenant's occupancy of Suite 350. Tenant agrees to hold Landlord harmless from any interruption of business suffered by Tenant or any liability whatsoever resulting from any Tenant Improvements as set forth in this First Amendment to Office Lease. Landlord will make every reasonable effort to complete work as soon as possible after receipt of this signed First Amendment and move-in monies and estimates said work to take approximately two (2) weeks to complete from date of Landlord's receipt of the signed First Amendment, but Landlord can make no guaranty of an exact date of completion and said completion date shall not affect the payment of rent due from Tenant. Both Tenant and Landlord agree that the Lease for suite 360 will not commence until all improvements listed above are fully completed. If completed before February 15, 2011, then the lease Commencement Date will be February 15, 2011. Otherwise it will start on the date that Landlord and Tenant agree the above stated Tenant Improvements are completed and an amendment shall be created defining, said Commencement Date, which will be attached hereto and will become a part of the terms and conditions of this First Amendment to Office Lease. Tenant shall be responsible for moving all furniture, and wall hangings, and removal of all wall coverings, if any, and Landlord shall not be responsible for same. Tenant agrees not to interfere with, in any way, nor instruct Landlord's Tenant Improvement crew. In the event Tenant has any suggestions or comments regarding the Tenant Improvements, Tenant agrees to contact only Jeff Young at Olen Commercial Realty Corp. regarding same.

 

  

2

  

 

ADDITIONAL TENANT IMPROVEMENTS

 

In the event Tenant requests Additional Tenant Improvements prior to its initial occupancy of the Additional Space, such improvements shall be subject to Landlord’s prior approval, with the understanding that the total cost of said Additional Tenant Improvements shall be the sole responsibility of Tenant. If Landlord and Tenant are unable to agree upon the plans for, or the cost of any such proposed Additional Tenant Improvements, Landlord shall not be obligated to construct such Additional Tenant Improvements. In the event Additional Tenant Improvements are approved by Landlord, then Landlord shall prepare an Additional Work Authorization (“AWA”) outlining the specific additional work to be completed and shall deliver same to Tenant. Tenant shall execute said AWA and return it to Landlord, together with a check for the total cost of such Additional Tenant Improvements. Landlord shall not be obligated to commence construction of any approved Additional Tenant Improvements until Landlord has received such signed AWA and the check. Further, should the Additional Tenant Improvements requested by Tenant result in a delay in the completion of the work as set forth in Item 5 hereinabove beyond the date that work would have been completed had such Additional Tenant Improvements not been requested, then Tenant agrees the Commencement Date for this lease will be effective upon the date those Tenant Improvements would have originally been completed, regardless of whether Landlord has actually completed the Tenant Improvements as set forth herein on that date, or whether Tenant can occupy the Premises on or before that date.

 

In the event Tenant requires Additional Tenant Improvements in the Additional Space after execution of this First Amendment, such improvements shall be subject to Landlord’s prior approval, with the understanding that the total cost of the Additional Tenant Improvements shall be the sole responsibility of Tenant. If Landlord and Tenant are unable to agree upon the plans for, or the cost of, any such proposed Additional Tenant Improvements, Landlord shall not be obligated to construct such Additional Tenant Improvements. In the event Additional Tenant Improvements are approved by Landlord, then Landlord shall prepare an Additional Work Authorization (“AWA”) outlining the specific additional work to be completed and shall deliver same to Tenant. Tenant shall execute said AWA and return it to Landlord, together with a check for the total cost of such Additional Tenant Improvements. Landlord shall not be obligated to commence construction of any approved Additional Tenant Improvements until Landlord has received such signed AWA and the check. Any construction delay arising out of Tenant’s request for any Additional Tenant Improvements shall not affect the payment of Rent as set forth herein. All Rent payments shall be due on the first of each month of the Lease Term regardless of whether or not the Additional Tenant Improvements have been completed or delayed.

 

8.            Total Square Footage. Effective February 15, 2011, the total square footage for the Original Premises and the Additional Space shall be 5,346 rentable square feet.

 

9.            Tenant’s Prorata Share. Effective February 15, 2011, Tenant’s Prorata Share for the Original Premises and the Additional Space of 5,346 rentable square feet shall be 5.40%.

 

  

3

  

 

10.           Option to Renew. Providing Tenant is not in default under any of the terms of this Lease, Tenant shall have the Option to Extend the term of this Lease for ONE (1) ONE-YEAR period on all the same terms and conditions as contained in this Lease, except that the minimum base monthly rent commencing with the first month of each Lease Extension shall be the THEN FAIR MARKET RENTAL RATE for equivalent space in Two Venture Plaza, but in no event shall the new minimum base monthly rent be less than the minimum base monthly rent for the previous twelve (12) months.

 

To exercise this Option to Extend, Tenant must give notice IN WRITING to Landlord by certified mail, return receipt requested at least ONE HUNDRED AND EIGHTY DAYS prior to the expiration of the previous term, or by June 19, 2013.

 

11.           Upon Execution. Tenant shall pay Landlord upon execution hereof $4,950.08; $1,585.65 as Monthly Base Rent for February 15-28, 2011 (14 days prorated) for the Additional Space, and $3,364.43 as Additional Security Deposit to equal the last month’s Rent for the Original Premises and the Additional Space.

 

12.           No Other Modifications. Except as modified in this Agreement, all other terms and conditions of the Lease between the Parties above described, and attached hereto, shall continue in full force and effect.

 

See Exhibit “A-1” attached hereto and made a part hereof.

 

	 	
LANDLORD: 

	OLEN COMMERCIAL REALTY CORP.
	 	 	A NEVADA CORPORATION
	 	 	 
	 	 	
By: 

	 
	 	 	Name :	Jayne Taylor
	 	 	Title: 	Vice President/CFO
	 	 	 	 
	 	 	
Date:

	 
	 	 	 	 
	 	TENANT:	PATIENT SAFETY TECHNOLOGIES, INC.,
	 	 	A DELAWARE CORPORATION
	 	 	 	 
	 	 	
By: 

	 
	 	 	Name :	David Dreyer 
	 	 	Title: 	CFO
	 	 	 	 
	 	 	
Date:

	 

 

  

4

  

 

 

 

 

 

EXHIBIT "A-1"

 

5

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