Document:

Fenton Separation Agreement

SEPARATION AGREEMENT
    

THIS SEPARATION AGREEMENT is entered into by and between Solera National Bancorp, Inc. and Solera National Bank (collectively, the "Employer") and Robert J. Fenton ("Employee") for good and valuable consideration, the sufficiency of which is hereby acknowledged.

1.    Employee and Employer agree that Employee’s termination of employment with Employer is effective as of March 21, 2014 (the “Separation Date”).  Employer agrees to consult with Employee regarding the wording of appropriate press releases and/or inter-company announcements to be issued by Employer.

2.    Regardless of whether he signs this Separation Agreement, Employee will be paid all compensation he has earned through the Separation Date, Employer will reimburse Employee for reasonable business expenses incurred through the Separation Date upon submission by Employee of expense reports in accordance with company policy, and Employee will have the right to elect to continue his health insurance coverage pursuant to the federal law regarding continuation of insurance coverage, known as COBRA. 

3.    In exchange for Employee's agreement to this Separation Agreement, Employer agrees to provide Employee with the following additional severance benefits:

(A)      severance pay in the aggregate gross amount of eighty seven thousand five hundred dollars ($87,500), less applicable withholding taxes, payable as follows: payable in equal amounts on the second pay period of each month for six months according to the current 2014 payroll schedule; and

(B)    provided Employee elects continuation coverage of health insurance in accordance with COBRA, Employer will pay the premiums for such coverage for six months from when Employee’s coverage would otherwise end, or until such earlier date as Employee’s eligibility for such coverage ends.

Employee acknowledges that he would not be entitled to receive the severance benefits described above if he did not agree to all of the terms of this Separation Agreement.  Payment of the severance benefits described above shall commence as soon as practicable after the Effective Date of this Agreement, as described in paragraph 10 hereof.  Employee agrees to return to Employer on or before the Effective Date any and all property and documents of Employer.  Employee agrees to cooperate with the Company to resolve all other issues relating to Employee’s separation from employment. Employee agrees that he is not entitled to any other compensation or benefits except as expressly provided herein. 

4.    Employee hereby releases Employer and its parent, subsidiary, and sister companies, and their respective officers, directors, agents, shareholders, employees, and benefit plans (collectively “Released Persons”) of and from any and all past, present, or future actions, causes of actions, claims, demands, damages, expenses, charges, complaints, obligations and liability of any nature or kind whatsoever on account of, or in any way growing out of, his employment with or separation from employment with Employer, whether such liability or damages are accrued or unaccrued, known or unknown at this time.  This release includes, without limitation, any and all rights or claims under any common law theory such as defamation, intentional infliction of emotional distress, outrageous conduct, breach of contract, invasion of privacy, wrongful discharge, breach of implied covenant, and any claim of discrimination on the basis of sex, race, creed, religion, age, disability, sexual orientation, or national origin under any municipal ordinance or under any statute of the United States or Colorado, including without limitation, any claim under Title VII of the 1964 Civil Rights Act, The Civil Rights Acts of 1866 and 1871, the Americans with Disabilities Act,  the Colorado Civil Rights Act (C.R.S. Sections 24-34-301 et seq. and 24-34-401 et seq.), and the Age Discrimination in Employment Act of 1967 as amended, which is codified beginning at 29 U.S.C. Section 621.  

5.    The release in paragraph 4 does not include a release or waiver of the following:

(A)    any rights of Employee which are already vested as of the Separation Date to benefits under Employer’s 401(k) Plan;

                    

(B)    any rights: (i) to elect continuation coverage under Employer's group health plan in accordance with the terms of COBRA, or (ii) to otherwise maintain coverage under Employer’s group health plan if the plan so provides at the time of Employee’s separation from employment; and

(C)    any claims which Employee may have under Colorado statutes for workers compensation benefits and/or unemployment compensation benefits; and

(D)    any rights or claims arising under the Age Discrimination in Employment Act after the date that Employee signs this Separation Agreement.

6.    Employee agrees that he will not file, cause to be filed, or prosecute any civil suit in any court for any claims which are released in Paragraph 4.  In the event that Employee breaches this paragraph, all Released Persons shall be entitled to recover from Employee all reasonable attorney fees and costs incurred as a result of such breach, provided, however, that Employee's obligation to pay attorney fees and costs shall apply to claims asserted under the Age Discrimination in Employment Act or the Older Workers Benefit Protection Act only as specifically authorized by federal law.

7.    Employee agrees and covenants that at no time will he use, disclose, communicate, or transmit to other persons any Confidential Information of Employer.  For purposes of this Agreement, “Confidential Information” shall mean any information or material of a confidential nature or proprietary to Employer which is not generally available to the public, to which Employee obtained knowledge or access as a result of Employee’s employment with Employer.  Confidential Information includes all information designated as such by Employer, but the absence of such a designation shall not prevent information from being Confidential Information if it is not generally available to the public. Employee agrees that the terms, amount, and fact of this Agreement are also confidential information.  Employee represents that he has not disclosed such confidential information to any other person or entity, except to his attorneys, tax advisors, and spouse.  Employee agrees that hereafter he will not disclose any such confidential information to any other person or entity, except to his attorneys, tax advisors, spouse, or as required by law or court order.   Any disclosure of such confidential information by Employee's attorneys, tax advisors, or spouse will be deemed to be a disclosure by Employee. 

8.    During any time period that Employee is receiving severance payments from Employer as described in paragraph 3 above: (i) he shall provide transitional assistance or information as may be requested from time to time by Employer, provided that Employee shall not be required to spend more than 20 hours per month providing such assistance; and (ii) he shall not perform any services in any capacity, directly or indirectly, as an officer, director, employee, consultant, or otherwise on behalf of any person or entity engaged in competition with Employer within 100 miles of any geographic area in which Employer conducts business.  

9.    This Separation Agreement constitutes the entire agreement between Employee and Employer concerning his employment with Employer and his separation from employment with Employer and supersedes all prior agreements relating thereto, and there are no other promises, understandings, or agreements relating thereto except as may be provided herein.   Both parties agree and acknowledge that they have not relied upon any representation, whether written or oral, of the other party in connection with entering into this Separation Agreement.  Nothing in this Agreement shall be construed as an admission of liability or wrongdoing by either party.  The purpose of this Agreement is solely to amicably resolve all issues relating to Employee's employment and separation from employment with Employer and to provide transitional assistance to Employee.  No rules of construction based upon which party drafted any portion of this Agreement shall be applicable in the event of any dispute over its meaning or interpretation.  This Agreement shall be construed and enforced in accordance with the law of the State of Colorado.  If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining terms of this Agreement will remain in full force and effect, and any Court having jurisdiction shall modify any such invalid or unenforceable provision to the extent necessary for it to be valid and enforceable. 

10.    Employee understands that this is an important legal document.  Employee is advised to consult with an attorney before signing this Separation Agreement.  Employee has 21 days after receiving this Separation 

                    

Agreement to consider it, and if Employee chooses to agree to the terms of this Separation Agreement, Employee understands that he must sign and return this Separation Agreement to Employer within that 21-day period.  If Employee signs this Separation Agreement, he will then have the right to revoke this Separation Agreement by delivering written notice of revocation, but such notice must be received by Employer within seven days after the date that Employee signed this Separation Agreement.  If this Separation Agreement is not signed and delivered within 21 days, or if it is revoked within the seven day period, neither Employee nor Employer will have any rights or obligations under this Separation Agreement.  The Effective Date of this Separation Agreement is the eighth day after Employee signs it, unless Employee revokes it as described above.

11.    It is expressly understood that Employee has read and reviewed this Separation Agreement and every word of it, that Employee has had an opportunity to discuss this Separation Agreement with an attorney if he chose to do so, and that Employee understands this Separation Agreement.  By signing below, Employee represents that this Separation Agreement has been entered into voluntarily and knowingly and is binding upon him, his heirs, and personal representatives, and shall inure to the benefit of Employer, its successors and assigns.

[signatures on following page]

                    

Signature page to Separation Agreement

The duly authorized parties have caused this Separation Agreement to be executed as of the date first set forth above.
Solera National Bancorp, Inc.

                        
/s/ Robert J. Fenton                      By:     /s/ John P. Carmichael             
Robert J. Fenton                           John P. Carmichael                        

Solera National Bank

By:      /s/ John P. Carmichael                 
John P. Carmichael                    
STATE OF COLORADO            )
) ss.
COUNTY OF DOUGLAS            )

The foregoing Separation Agreement was acknowledged before me this 25th  day of March, 2014, by Robert J. Fenton.

WITNESS my hand and official seal.
My commission expires:
    /s/ Yulia Simon                        
Yulia Simon, Notary Public
STATE OF COLORADO            )
) ss.
COUNTY OF JEFFERSON            )

The foregoing Separation Agreement was acknowledged before me this 26th day of March, 2014, by John P. Carmichael as President & CEO of Solera National Bancorp, Inc., on behalf of said corporation.

WITNESS my hand and official seal.
My commission expires: January 31, 2018
    /s/ Sandra Loomis                       
Sandra Loomis, Notary Public
STATE OF COLORADO            )
) ss.
COUNTY OF JEFFERSON            )
The foregoing Separation Agreement was acknowledged before me this 26th day of March, 2014, by John P. Carmichael as President & CEO of Solera National Bank, on behalf of said corporation.

WITNESS my hand and official seal.
My commission expires: January 31, 2018
    /s/ Sandra Loomis                       
Sandra Loomis, Notary PublicAmyris 2013 10-K Ex 4.04 Amend No 2 A&R IRA (December 24, 2012)

AMYRIS, INC.
AMENDMENT NO. 2 TO AMENDED AND RESTATED INVESTORS' RIGHTS AGREEMENT
This Amendment No. 2 to the Amended and Restated Investors' Rights Agreement (this “Amendment”) is made and entered into as of December 24, 2012, by and among Amyris, Inc., a Delaware corporation (the “Company”), the Investors and the Common Holders.
RECITALS
WHEREAS, the Company, the Investors and the Common Holders are parties to that certain Amended and Restated Investors' Rights Agreement dated June 21, 2010 (the “Rights Agreement”).  Capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to them in the Rights Agreement.
WHEREAS, the Company, certain Investors and certain Common Holders are parties to that certain Amendment No. 1 to Amended and Restated Investors' Rights Agreement, dated as of February 23, 2012 (“Amendment No. 1”), pursuant to which the Rights Agreement was amended and certain parties were added.
WHEREAS, the Company, the Investors and the Common Holders desire to make certain additional amendments to the Rights Agreement.
WHEREAS, pursuant to Section 3.7 of the Rights Agreement, the Rights Agreement may be amended with the written consent of the (i) Company, and (ii) the holders of a majority of the Registrable Securities currently outstanding (together, the “Requisite Majority”).
WHEREAS, the undersigned parties constitute the Requisite Majority.
NOW, THEREFORE, the parties hereby agree as follows:
1.AMENDMENT OF SECTION 1.1(c) OF THE RIGHTS AGREEMENT.  Section 1.1(c) of the Rights Agreement shall be deleted in its entirety and replaced with the following:

“The term “Holder” means (i) any Investor having purchased more than 5% of the Preferred Stock sold by the Company, (ii) except with respect to Sections 1.2, 1.12, 1.13 and Section 2 hereof, the Common Holders owning or having the right to acquire Registrable Securities or any assignee thereof in accordance with Section 1.13 hereof, (iii) each “Purchaser” as such term is defined in that certain Securities Purchase Agreement dated February 22, 2012 by and among the Company and the purchasers identified therein (each, a “February Purchaser”), and (iv) each “Purchaser” as such term is defined in that certain Securities Purchase Agreement dated December 24, 2012 by and among the Company and purchasers identified therein (each, a “December Purchaser”).”
2.AMENDMENT OF SECTION 1.1(f) OF THE RIGHTS AGREEMENT.  Section 1.1(f) of the Rights Agreement shall be deleted in its entirety and replaced with the following:

“The term “Registrable Securities” means:  (i) any Common Stock issued or issuable upon conversion of the Preferred Stock of the Company, (ii) other than with respect to Sections 1.2, 1.12, 1.13 and Section 2 hereof, any Common Stock of the Company held by the Common Holders, (iii) the Common Shares, as defined in that certain Stock Transfer Agreement, dated December 24, 2009, by and among the Company, certain holders of the Company's Preferred Stock and certain holders of the Company's Common Stock, (iv) shares of Common Stock issued pursuant to that certain Securities Purchase Agreement dated February 22, 2012 by and among the Company and the February Purchasers, (v) shares of Common Stock issued pursuant to that certain Securities Purchase Agreement dated December 24, 2012 by and among the Company and the December Purchasers, (vi) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the securities set forth in subsection (i), (ii), (iii), (iv) or (v) hereof, excluding, however, any Registrable Securities which (A) have previously been registered or which have been sold to the public either pursuant to a registration statement or Rule 144, (B) which have been sold in a private transaction in which the transferor's rights under this Agreement are not assigned, or (C) held by a Holder (together with its affiliates) if, as reflected on the Company's list of stockholders, such Holder (together with its affiliates) holds less than 1% of the Company's outstanding Common Stock (treating all shares of Preferred Stock on an as converted basis)”
3.FULL FORCE AND EFFECT.  Except as expressly modified by this Amendment, the terms of the Rights Agreement shall remain in full force and effect.

4.GOVERNING LAW.  This Amendment shall be governed by and construed under the internal laws of the State of California as applied to agreements among California residents entered into and to be performed entirely within California, without reference to principles of conflict of laws or choice of laws.

5.INTEGRATION.  This Amendment and the Rights Agreement and the documents referred to herein and therein and the exhibits and schedules thereto, constitute the entire agreement and understanding of the parties with respect to the subject matter hereof, and supersede all prior understandings and agreements, whether oral or written, between or among the parties hereto with respect to the specific subject matter hereof.

6.COUNTERPARTS; FACSIMILE.  This Amendment may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This Amendment may be executed and delivered by facsimile, or by email in portable document format (.pdf) and delivery of the signature page by such method will be deemed to have the same effect as if the original signature had been delivered to the other parties.

[Remainder of Page Intentionally Left Blank]

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

COMPANY:
AMYRIS, INC.

By: /s/ John Melo            
      John Melo, Chief Executive Officer

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

By: /s/ Christoph Piel /s/ Jacques Reckinger    
Name: Christoph Piel Jacques Reckinger    
Title: Director                    

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTORS:

TPG BIOTECHNOLOGY PARTNERS II, L.P.
By:  TPG Biotechnology GenPar II, L.P., its general partner
By:  TPG Biotechnology GenPar II Advisors, LLC, its general partner

By: /s/ Ronald Cami            
Name: Ronald Cami            
Title: Vice President            

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

MAXWELL (MAURITIUS) PTE LTD

By: /s/ Fidah Alsagoff            
Name: Fidah Alsagoff            
Title: Authorised Signatory        

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

SUALK CAPITAL LTD

By: /s/ Fernando Reinach        
Name: Fernando Reinach        
Title: Director                

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

KPCB HOLDINGS, INC., AS NOMINEE

By: /s/ Paul M. Vronsky            
Name: Paul M. Vronsky            
Title: General Counsel            

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

FORIS VENTURES, LLC

By: /s/ Barbara S. Hager            
Name: Barbara S. Hager        
Title: Manager                

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTOR:

TOTAL GAS & POWER USA, SAS

By: /s/ Arnaud Chaperon        
Name: Arnaud Chaperon        
Title: President                

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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

INVESTORS:

By: /s/ Sheikh Abdullah bin Khalifa Al Thani    
Name: Biolding Investment SA -        
Sheikh Abdullah bin Khalifa Al Thani    
Title: Director                    

[Signature Page to Amendment No. 2 to Amyris, Inc. Amended and Restated Investors' Rights Agreement]

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