Document:

EX-10.1

 Exhibit 10.1 

COOPERATION AGREEMENT 

This COOPERATION AGREEMENT, dated as of May 11, 2018 (this “Agreement”), is made and entered into by Immersion
Corporation, a Delaware corporation (“Immersion” or the “Company”), and each of the persons set forth on the signature page hereto (each, an “Investor” and collectively, the
“Investors” or “Investor Group”) which presently are or may be deemed to be members of a “group” with respect to the common stock of the Company, $0.001 par value per share (the “Common
Stock”), pursuant to Rule 13d-5 promulgated by the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”); 
 WHEREAS, the Investor Group is deemed to beneficially own shares of the Common Stock totaling, in the aggregate,
2,277,235 shares, constituting approximately 7.7% of the Common Stock outstanding as of the date hereof; 
 WHEREAS, the Investor
Group has (i) submitted an advance notice of nomination and stockholder proposal to the Company on December 7, 2017 (as supplemented from time to time prior to the date hereof, the “Stockholder Notice”) in respect of its
intention to nominate, and to solicit proxies for the election of, two individuals as director candidates to the Company’s board of directors (the “Board”), and (ii) taken steps to prepare for a contested solicitation of
proxies from the Company’s stockholders in connection with the 2018 Annual Meeting to elect to the Board the two individuals named in the Stockholder Notice (the “Proxy Contest”); 

WHEREAS, the Company and the Investor Group have determined that the interests of the Company and its stockholders would be best served
by, among other things, avoiding the substantial expense and disruption that would result from the Proxy Contest; 
 WHEREAS, the
Company has agreed, at the request of the Investor Group, to cause Kenneth H. Traub (the “New Director”) to be nominated and recommended for election to the Board by the Company’s stockholders at the 2018 Annual Meeting; 

WHEREAS, the Investor Group has agreed to withdraw the Stockholder Notice and to terminate the Proxy Contest and to refrain from
submitting any director nominations and stockholder proposals, and to vote for the election of the New Director to the Board during the Restricted Period (as defined herein); and 

WHEREAS, the Company and the Investor Group, without admitting to any of the matters asserted by any of the parties, have determined to
come to an agreement with respect to certain matters related to the termination of the Proxy Contest, the composition of the Board and certain other matters, as provided in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows 
  

	 	1.	Board Composition and Governance Matters. 

  

	 	a.	2018 Annual Meeting. The Company agrees that it shall take all action to approve all actions contemplated hereby, including to cause the slate of one nominee recommended by the Board and standing for election at
the 2018 Annual Meeting to include only the New Director, such that a total of one director is to be elected at the 2018 Annual Meeting. The Company specifically agrees to: (i) nominate the New Director for election at the 2018 Annual Meeting
as a Class I director of the 

	 	
Company with a term expiring at the Company’s 2019 Annual Meeting of Stockholders and until his successor is duly elected and qualified; (ii) recommend to the Company’s
stockholders the New Director for election as a director of the Company at the 2018 Annual Meeting; and (iii) cause all proxies received by the Company that provide stockholders with the opportunity to vote for the New Director to be voted in
the manner specified by such proxies. The Company agrees to hold the 2018 Annual Meeting no later than June 29, 2018. 

  

	 	b.	Board’s Review of Qualifications and Determination of Independence. Prior to the execution of this Agreement (i) the Nominating and Corporate Governance Committee of the Board has reviewed the
qualifications of the New Director to serve as a member of the Board and has determined that he is so qualified, and (ii) the Board has determined that the New Director is “independent” as defined by the listing standards of NASDAQ.

  

	 	c.	Board Policies and Procedures. The Investor Group acknowledges that the New Director shall be required to comply with all policies, processes, procedures, codes, rules, standards, and guidelines applicable to
members of the Board, including, but not limited to, the Company’s Code of Conduct, and policies on confidentiality, ethics, hedging and pledging of Company securities public disclosures, stock trading, and stock ownership, copies of which have
been delivered to the New Director prior to the execution of this Agreement, and the New Director shall be required to strictly preserve the confidentiality of Company business and information, including the discussion of any matters considered in
meetings of the Board or Board committees whether or not the matters relate to material non-public information, unless previously publicly disclosed by the Company. The New Director and the Investor
Group shall provide the Company with such information as is reasonably requested by the Company concerning the New Director and/or the Investor Group as is required to be disclosed under applicable law or stock exchange regulations, including the
completion of the Company’s standard director and officer questionnaire, in each case as promptly as necessary to enable the timely filing of the Company’s proxy statement and other periodic reports with the SEC. 

 

	 	d.	Rights and Benefits of the New Director. The Company agrees that the New Director shall receive (i) the same benefits of director and officer insurance, and any indemnity and exculpation arrangements
available generally to the directors on the Board, (ii) the same compensation for his service as a director as the compensation received by other non-management directors on the Board, and (iii) such
other benefits on the same basis as all other non-management directors on the Board, including, without limitation, having the Company (or its legal counsel) prepare and file with the SEC, at the
Company’s expense, any Forms 3, 4 and 5 under Section 16 of the Exchange Act that are required to be filed by each director of the Company. 

  

	 	2.	Actions by the Investor Group. 

  

	 	a.	Withdrawal of Stockholder Notice. Effective immediately, the Investor Group hereby irrevocably withdraws the Stockholder Notice and any and all amendments and supplements thereto, agrees not to bring any other
nominations, business or proposals before or at the 2018 Annual Meeting. 

  

	 	b.	Termination of Proxy Contest. Effective immediately, the Investor Group hereby irrevocably terminates the Proxy Contest and all solicitation and other activities in connection therewith and agrees not to vote,
not cause to be voted, and to discard, all proxies received, and to be received, in connection with the Proxy Contest. 

  
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	 	c.	Voting Agreement. At the 2018 Annual Meeting, each of the Investors agrees to vote, or cause to be voted, all shares of Common Stock beneficially owned by each Investor and their respective Affiliates and
Associates on the Company’s proxy card or voting instruction form in favor of the New Director. For purposes of this Agreement, “Affiliate” and “Associate” shall have the respective meanings set forth in Rule 12b-2 promulgated by the SEC under the Exchange Act; the terms “beneficial owner” and “beneficial ownership” shall have the same meanings as set forth in Rule
13d-3 promulgated by the SEC under the Exchange Act; the terms “economic owner” and “economically own” shall have the same meanings as “beneficial owner” and “beneficially
own,” except that a person will also be deemed to economically own and to be the economic owner of (A) all shares of Common Stock which such person has the right to acquire pursuant to the exercise of any rights in connection with any
securities or any agreement, regardless of when such rights may be exercised and whether they are conditional, and (B) all shares of Common Stock in which such person has any economic interest, including, without limitation, pursuant to a cash
settled call option or other derivative security, contract or instrument in any way related to the price of shares of Common Stock; the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature.

  

	 	3.	Expenses. Each of the Company and the Investors shall be responsible for its own fees and expenses incurred in connection with the negotiation, execution, and effectuation of this Agreement and the transactions
contemplated hereby, including, but not limited to attorneys’ fees incurred in connection with the negotiation and execution of this Agreement and all other activities related to the foregoing; provided, however, that the Company
shall reimburse the Investor Group, within five (5) business days of the date that the Company receives reasonable supporting documentation, for its reasonable,
out-of-pocket legal fees and expenses, actually incurred in connection with the matters related to the 2018 Annual Meeting, the filing of a Schedule 13D amendment in
connection with this Agreement and the negotiation and execution of this Agreement in an amount not to exceed $50,000 in the aggregate. 

  

	 	4.	Representations and Warranties of the Company. The Company represents and warrants to the Investors that (a) the Company has the corporate power and authority to execute this Agreement and to bind it
thereto, (b) this Agreement has been duly and validly authorized, executed and delivered by the Company, constitutes a valid and binding obligation and agreement of the Company, and is enforceable against the Company in accordance with its
terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles and
(c) the execution, delivery and performance of this Agreement by the Company does not and will not violate or conflict with (i) any law, rule, regulation, order, judgment or decree applicable to it, or (ii) result in any breach or
violation of or constitute a default (or an event which with notice or lapse of time or both could become a default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration
or cancellation of, any organizational document, or any material agreement, contract, commitment, understanding or arrangement to which the Company is a party or by which it is bound. 

  
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	 	5.	Representations and Warranties of the Investors. Each Investor, on behalf of itself, severally represents and warrants to the Company that (a) as of the date hereof, such Investor beneficially owns, directly
or indirectly, only the number of shares of Common Stock as described opposite its name on Exhibit A and Exhibit A includes all Affiliates and Associates of any Investors that own any securities of the Company beneficially or of record
and reflects all shares of Common Stock in which the Investors have any interest or right to acquire, whether through derivative securities, voting agreements or otherwise, (b) this Agreement has been duly and validly authorized, executed and
delivered by such Investor, and constitutes a valid and binding obligation and agreement of such Investor, enforceable against such Investor in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles, (c) such Investor has the authority to execute this Agreement on behalf of
itself and the applicable Investor associated with that signatory’s name, and to bind such Investor to the terms hereof, (d) each of the Investors shall use its commercially reasonable efforts to cause its respective Affiliates and
Associates to comply with the terms of this Agreement and (e) the execution, delivery and performance of this Agreement by such Investor does not and will not violate or conflict with (i) any law, rule, regulation, order, judgment or
decree applicable to it, or (ii) result in any breach or violation of or constitute a default (or an event which with notice or lapse of time or both could become a default) under or pursuant to, or result in the loss of a material benefit
under, or give any right of termination, amendment, acceleration or cancellation of, any organizational document, agreement, contract, commitment, understanding or arrangement to which such member is a party or by which it is bound.

  

	 	6.	Mutual Non-Disparagement. 

  

	 	a.	Each Investor agrees that, until the earlier of (i) the expiration of the Restricted Period and (ii) any material breach of this Agreement by the Company (provided that the Company shall have three
business days following written notice from such Investor of any material breach to remedy such material breach if capable of remedy), neither it nor any of its Affiliates or Associates will, and it will cause each of its Affiliates and Associates
not to, directly or indirectly, publicly make, express, transmit, speak, write, verbalize or otherwise publicly communicate in any way (or cause, further, assist, solicit, encourage, support or participate in any of the foregoing), any remark,
comment, message, information, declaration, communication or other statement of any kind, whether verbal or in writing, that might reasonably be construed to be derogatory of the Company or any of its directors, officers, Affiliates, Associates,
subsidiaries, employees, agents or representatives (collectively, the “Company Representatives”), or that reveals, discloses, incorporates, is based upon, discusses, includes or otherwise involves any confidential or proprietary
information of the Company or its subsidiaries or Affiliates or Associates. For purposes of this Agreement, “Restricted Period” shall mean the period commencing on the date of this Agreement and ending at 11:59 p.m., Eastern Time,
on the date that is the earlier of (x) ten (10) business days prior to the expiration of the advance notice period for the submission by stockholders of director nominations for consideration at the 2019 Annual Meeting (as set forth in the
advance notice provisions of the Company’s Bylaws) or (y) one hundred (100) calendar days prior to the first anniversary of the 2018 Annual Meeting. 

 

	 	b.	The Company hereby agrees that, until the earlier of (i) the expiration of the Restricted Period and (ii) any material breach of this Agreement by an Investor (provided that such Investor shall have

  
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three business days following written notice from the Company of any material breach to remedy such material breach if capable of remedy), neither it nor any of its Affiliates will, and it will
cause each of its Affiliates not to, directly or indirectly, publicly make, express, transmit, speak, write, verbalize or otherwise publicly communicate in any way (or cause, further, assist, solicit, encourage, support or participate in any of the
foregoing), any remark, comment, message, information, declaration, communication or other statement of any kind, whether verbal or in writing, that might reasonably be construed to be derogatory of, the Investors or their Affiliates or Associates
or any of their agents or representatives (collectively, the “Investor Agents”), or that reveals, discloses, incorporates, is based upon, discusses, includes or otherwise involves any confidential or proprietary information of any
Investor or its Affiliates or Associates. 

  

	 	c.	Notwithstanding the foregoing, nothing in this Section 6 or elsewhere in this Agreement shall prohibit any party from making any statement or disclosure required under the federal securities laws or other
applicable laws; provided that such party must provide, to the extent legally permissible, advance written notice to the other parties, and to the extent practicable, at least two business days in advance, prior to making any such statement
or disclosure required under the federal securities laws or other applicable laws that would otherwise be prohibited by the provisions of this Section 6, and reasonably consider any comments of such other parties. 

 

	 	d.	The limitations set forth in Section 6(a) and 6(b) shall not prevent any party from responding to any public statement made by the other party of the nature described in Section 6(a) and 6(b) if such statement
by the other party was made in breach of this Agreement. 

  

	 	7.	No Concession or Admission of Liability. This Agreement is being entered into for the purpose of avoiding litigation, uncertainty, controversy and legal expense, constitutes a compromise and settlement entered
into by each party hereto, and shall not in any event constitute, be construed or deemed a concession or admission of any liability or wrongdoing of any of the parties. 

 

	 	8.	Public Announcements. On the date hereof, the Company and the Investor Group shall issue a mutually agreeable press release (the “Mutual Press Release”), announcing certain terms of this
Agreement, substantially in the form attached hereto as Exhibit B. Prior to the issuance of the Mutual Press Release, neither the Company nor any of the Investors shall issue any press release or make any public announcement regarding this
Agreement or take any action that would require public disclosure thereof without the prior written consent of the other party. 

  

	 	9.	SEC Filings. 

  

	 	a.	No later than two business days following the execution of this Agreement, the Company shall file a Current Report on Form 8-K with the SEC reporting the entry into this Agreement
and appending or incorporating by reference this Agreement as an exhibit thereto. The Company shall provide the Investor Group and its counsel a reasonable opportunity to review and comment on the Form 8-K
prior to such filing, which comments shall be considered in good faith. 

  

	 	b.	No later than two business days following the execution of this Agreement, the Investor Group shall file an amendment to its Schedule 13D with respect to the Company that has been filed with the SEC, reporting the entry
into this Agreement, amending applicable items to conform to their 

  
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obligations hereunder and appending or incorporating by reference this Agreement as an exhibit thereto. The Investor Group shall provide the Company and its counsel a reasonable opportunity to
review and comment on the Schedule 13D prior to such filing, which comments shall be considered in good faith. 

  

	 	10.	Specific Performance. Each of the Investors, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable injury to the other party hereto may occur in the event any of the
provisions of this Agreement are not performed in accordance with their specific terms or are otherwise breached and that such injury would not be adequately compensable in monetary damages. It is accordingly agreed that the Investors or any
Investor, on the one hand, and the Company, on the other hand (the “Moving Party”), shall each be entitled to seek specific enforcement of, and injunctive or other equitable relief to prevent any violation of, the terms hereof, and
the other party hereto will not take action, directly or indirectly, in opposition to the Moving Party seeking such relief on the grounds that any other remedy or relief is available at law or in equity. 

 

	 	11.	Notice. Any notices, consents, determinations, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered:
(i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); (iii) upon confirmation of
receipt, when sent by email (provided such confirmation is not automatically generated) or (iv) one business day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the
same. The addresses and facsimile numbers for such communications shall be: 

 If to the Company: 

Immersion Corporation 
 50 Rio
Robles 
 San Jose, California 95134 

Fax No.: (408).467-1901 

Email: apeters@immersion.com 

Attention: Amie M. Peters, Esq., General Counsel and SVP, Legal 

With copies (which shall not constitute notice) to: 

Fenwick & West LLP 

555 California Street, Floor 12 

San Francisco, CA 94104 
 Fax
No.: (415) 281-1350 
 Email: dcogen@fenwick.com 

 jvetter@fenwick.com 

Attention: Douglas N. Cogen, Esq. 

       Jeffrey R. Vetter, Esq. 

If to any Investor: 

  
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 VIEX Capital Advisors, LLC 

825 Third Avenue, 33rd Floor 

New York, New York 10022 
 Fax
No.: (212) 752-5750 
 Email: singer@viexcapital.com 

Attention: Eric Singer, Managing Member 

With copies (which shall not constitute notice) to: 

Olshan Frome Wolosky LLP 
 1325
Avenue of the Americas 
 New York, NY 10019 

Fax No.: (212) 451-2222 

E-mail: swolosky@olshanlaw.com 

egonzalez@olshanlaw.com 

Attention: Steve Wolosky, Esq. 

Elizabeth Gonzalez-Sussman, Esq. 
  

	 	12.	Governing Law. This Agreement shall be governed in all respects, including validity, interpretation, and effect, by, and construed in accordance with, the laws of the State of Delaware executed and to be
performed wholly within the State of Delaware, without giving effect to the choice of law or conflict of law principles thereof or of any other jurisdiction to the extent that such principles would require or permit the application of the laws of
another jurisdiction. 

  

	 	13.	Jurisdiction. Each of the parties hereto (a) consents to submit itself to the personal jurisdiction of federal or state courts of the State of Delaware in the event any dispute arises out of this Agreement
or the transactions contemplated by this Agreement, (b) agrees that it shall not bring any action relating to this Agreement or the transactions contemplated by this Agreement in any court other than the federal or state courts of the State of
Delaware, and each of the parties irrevocably waives the right to trial by jury, (c) agrees to waive any bonding requirement under any applicable law, in the case any other party seeks to enforce the terms by way of equitable relief, and
(d) irrevocably consents to service of process by first class certified mail, return receipt requested, postage prepaid, to the address of such party’s principal place of business or as otherwise provided by applicable law. Each of the
parties hereto irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any action, suit or other legal proceeding with respect to this Agreement, (a) any claim that it is not personally
subject to the jurisdiction of the above-named courts for any reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice,
attachment before judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent permitted by applicable law, that (i) such action, suit or other legal proceeding in any such court
is brought in an inconvenient forum, (ii) the venue of such action, suit or other legal proceeding is improper or (iii) this agreement, or the subject matter hereof, may not be enforced in or by such court. 

 

	 	14.	Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY

  
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IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF
A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 14. 

  

	 	15.	Representative. Each Investor hereby irrevocably appoints Eric Singer as its attorney-in-fact and representative (the
“Investor Group Representative”), in such Investor’s place and stead, to do any and all things and to execute any and all documents and give and receive any and all notices or instructions in connection with this Agreement and
the transactions contemplated hereby. The Company shall be entitled to rely, as being binding on each Investor, upon any action taken by the Investor Group Representative or upon any document, notice, instruction or other writing given or executed
by the Investor Group Representative. 

  

	 	16.	Entire Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties with regard to the subject matter hereof, and supersedes all prior and contemporaneous agreements,
understandings and representations, whether oral or written, of the parties with respect to the subject matter hereof. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings, oral or written, between
the parties other than those expressly set forth herein. 

  

	 	17.	Headings. The section headings contained in this Agreement are for reference purposes only and shall not effect in any way the meaning or interpretation of this Agreement. 

 

	 	18.	Waiver. No failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right,
power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 

  

	 	19.	Remedies. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law or equity. 

  

	 	20.	Receipt of Adequate Information; No Reliance; Representation by Counsel. Each party acknowledges that it has received adequate information to enter into this Agreement, that it has had adequate opportunity to
make whatever investigation or inquiry it may deem necessary or desirable in connection with the subject matter of this Agreement prior to the execution hereof, and that it has not relied on any promise, representation or warranty, express or
implied not contained in this Agreement. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same
with the advice of said independent counsel. Each party cooperated and participated in the drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among 

  
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the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law or any legal
decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties hereto, and any controversy over interpretations
of this Agreement shall be decided without regards to events of drafting or preparation. Further, any rule of law or any legal decision that would provide any party with a defense to the enforcement of the terms of this Agreement against such party
shall have no application and is expressly waived. The provisions of this Agreement shall be interpreted in a reasonable manner to effect the intent of the parties. 

 

	 	21.	Construction. When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement, unless otherwise indicated. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” and “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation.” The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. The word “will” shall be construed to have the same meaning as the word “shall.” The words “dates hereof” will refer to the date of this Agreement. The word “or” is not
exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms. Any agreement, instrument, law, rule or statute defined or referred to herein means, unless otherwise indicated, such
agreement, instrument, law, rule or statute as from time to time amended, modified or supplemented. 

  

	 	22.	Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. Any
provision of this Agreement held invalid or unenforceable only in part or degree shall remain in full force and effect to the extent not held invalid or unenforceable. The parties further agree to replace such invalid or unenforceable provision of
this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the purposes of such invalid or unenforceable provision. 

  

	 	23.	Amendment. This Agreement may be modified, amended or otherwise changed only in a writing signed by all of the parties hereto, or in the case of the Investors, the Investor Group Representative, or their
respective successors or assigns. 

  

	 	24.	Successors and Assigns. The terms and conditions of this Agreement shall be binding upon and be enforceable by the parties hereto and the respective successors, heirs, executors, legal representatives and
permitted assigns of the parties, and inure to the benefit of any successor, heir, executor, legal representative or permitted assign of any of the parties; provided, however, that no party may assign this Agreement or any
rights or obligations hereunder without, with respect to any Investor, the express prior written consent of the Company (with such consent specifically authorized in a written resolution adopted and approved by the unanimous vote of the entire
membership of the Board), and with respect to the Company, the prior written consent of the Investor Group Representative. 

  

	 	25.	No Third-Party Beneficiaries. The representations, warranties and agreements of the parties contained herein are intended solely for the benefit of the party to whom such representations, warranties or

  
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agreements are made, and shall confer no rights, benefits, remedies, obligations, or liabilities hereunder, whether legal or equitable, in any other person or entity, and no other person or
entity shall be entitled to rely thereon. 

  

	 	26.	Counterparts; Facsimile / PDF Signatures. This Agreement and any amendments hereto may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other parties hereto. In the event that any signature to this Agreement or any
amendment hereto is delivered by facsimile transmission or by e-mail delivery of a portable document format (.pdf or similar format) data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF the parties have duly executed and delivered this Agreement as of the date
first above written. 
  

	
	IMMERSION CORPORATION
	
	By: /s/ Carl
Schlachte                                        
    
	Name: Carl Schlachte
	Title: Interim Chief Executive Officer
	
	VIEX OPPORTUNITIES FUND, LP - SERIES ONE
	
	By: VIEX GP, LLC
	General Partner
	
	By: /s/ Eric
Singer                                        
            
	Name: Eric Singer
	Title: Managing Member
	
	VIEX GP, LLC
	
	By: /s/ Eric
Singer                                        
            
	Name: Eric Singer
	Title: Managing Member
	
	VIEX SPECIAL OPPORTUNITIES FUND II, LP
	
	By: VIEX Special Opportunities GP II, LLC
	General Partner
	
	By: /s/ Eric
Singer                                        
            
	Name: Eric Singer
	Title: Managing Member
	
	VIEX SPECIAL OPPORTUNITIES GP II, LLC
	
	By: /s/ Eric
Singer                                        
            
	Name: Eric Singer
	Title: Managing Member
	
	VIEX CAPITAL ADVISORS, LLC
	
	By: /s/ Eric
Singer                                        
            
	Name: Eric Singer
	Title: Managing Member

  
 [SIGNATURE
PAGE TO COOPERATION AGREEMENT] 

	
	 /s/ Eric Singer

	 ERIC SINGER

  
 [SIGNATURE
PAGE TO COOPERATION AGREEMENT] 

 EXHIBIT A 

STOCKHOLDERS, AFFILIATES, AND OWNERSHIP 
  

					
	Investor	  	 Shares of Common Stock

Beneficially Owned
	 
	 VIEX Opportunities Fund, LP - Series One
	  	 	543,731	 
	 VIEX Special Opportunities Fund II, LP
	  	 	1,733,504	 
	 VIEX GP, LLC
	  	 	543,731	 
	 VIEX Special Opportunities GP II, LLC
	  	 	1,733,504	 
	 VIEX Capital Advisors, LLC
	  	 	2,277,235	 
	 Eric Singer
	  	 	2,277,235	 
	 Aggregate total beneficially owned by the Investor Group:
	  	 	2,277,235	 

 In addition, VIEX Opportunities Fund, LP - Series One has sold short in over the counter market American-style put options
referencing (i) an aggregate of 60,000 shares, which have an exercise price of $7.50 and expire on August 17, 2018, (ii) an aggregate of 200,000 shares of Common Stock, which have an exercise price of $10.00 and expire on August 17,
2018, (iii) an aggregate of 250,100 shares of Common Stock, which have an exercise price of $12.50 and expire on August 17, 2018 and (iv) an aggregate of 54,000 shares of Common Stock, which have an exercise price of $12.50 and expire on
November 16, 2018. 
 VIEX Special Opportunities Fund II, LP has sold short in over the counter market American-style put options referencing
(1) an aggregate of 4,100 shares, which have an exercise price of $7.50 and expire on August 17, 2018, (2) an aggregate of 200,500 shares, which have an exercise price of $10.00 and expire on August 17, 2018, and (3) 150,000 shares,
which have an exercise price of $12.50 and expire on August 17, 2018. 

  
 A-1 

 EXHIBIT B 

FORM OF PRESS RELEASE 

IMMERSION REACHES AGREEMENT WITH VIEX CAPITAL ADVISORS, LLC 

SAN JOSE, Calif. – May 11, 2018 - Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of touch feedback
technology, today confirmed that it has entered into a cooperation agreement with VIEX Capital Advisors, LLC and its affiliates, which, in the aggregate, beneficially own approximately 7.7% of Immersion’s outstanding common stock. Under the
terms of the agreement, Immersion has agreed to nominate to its Board of Directors, and Immersion and Viex have agreed to support the election of a new independent director, Kenneth H. Traub, at Immersion’s 2018 annual meeting of stockholders.

 Carl Schlachte, Immersion’s Interim Chief Executive Officer, stated, “We are pleased to have reached this agreement with VIEX, as we believe
this outcome serves the best interests of Immersion and its stockholders. Ken Traub is a managing partner of Raging Capital Management, a significant stockholder of the Company and an experienced operating executive, technology investor and public
company board member. We look forward to welcoming Ken to our Board and having the benefit of his insight and experience.” 
 Eric Singer, the Founder
and Managing Member of VIEX, said, “We are pleased to have worked collaboratively with the Immersion Board and senior management team to reach this cooperation agreement which we believe is a good outcome for all stockholders. Our investment in
Immersion reflects our confidence in its management, technology and strategy, and we fully support Ken as a great addition to the Board. We appreciate the constructive engagement and open and good faith dialogue that we have had with
Immersion’s Board and senior management team and are pleased we were able to reach this cooperation agreement.” 
 Under the terms of the
cooperation agreement, VIEX and its affiliates have agreed to vote their shares in support of the election of Mr. Traub. 
 The complete agreement between
Immersion and VIEX and its affiliates will be filed as an exhibit to a Current Report on Form 8-K with the Securities and Exchange Commission. 

Fenwick & West LLP served as legal advisor to Immersion. Olshan Frome Wolosky LLP served as legal advisor to VIEX. 

About Immersion Corporation 
 Immersion Corporation
(NASDAQ: IMMR) is the leading innovator of touch feedback technology, also known as haptics. The Company provides technology solutions for creating immersive and realistic experiences that enhance digital interactions by engaging users’ sense
of touch. With more than 2,300 issued or pending patents, Immersion’s technology has been adopted in more than 3 billion digital devices, and provides haptics in mobile, automotive, advertising, gaming, medical and consumer electronics
products. Immersion is headquartered in San Jose, California with offices worldwide. Learn more at www.immersion.com. 

  
 B-1 

 Immersion, and the Immersion logo are trademarks of Immersion Corporation in the United States and other
countries. All other trademarks are the property of their respective owners. 
 Safe Harbor 

This press release contains “forward-looking statements” that involve risks and uncertainties, as well as assumptions that, if they never materialize
or prove incorrect, could cause the results of Immersion Corporation and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements, other than the statements of historical
fact, are statements that may be deemed forward-looking statements, including statements regarding Immersion’s future business plans. Immersion’s actual results might differ materially from those stated or implied by such forward-looking
statements due to risks and uncertainties associated with Immersion’s business, which include, but are not limited to: delay in or failure to achieve adoption and incorporation of haptic touch feedback in mobile devices; unanticipated
difficulties and challenges encountered in implementation efforts by Immersion’s licensees; adverse outcomes in any future intellectual property-related litigation and the costs related thereto; the effects of the current macroeconomic climate;
and lack of market demand for Immersion’s technologies, including technologies related to mobile devices. Many of these risks and uncertainties are beyond the control of Immersion. For a more detailed discussion of these factors, and other
factors that could cause actual results to vary materially, interested parties should review the risk factors listed in Immersion’s most current Form 10-K, which is on file with the U.S. Securities and
Exchange Commission. The forward-looking statements in this press release reflect Immersion’s beliefs and predictions as of the date of this release. Immersion disclaims any obligation to update these forward-looking statements as a result of
financial, business, or any other developments occurring after the date of this release. 
 Important Additional Information And Where To Find It

 Immersion, its directors and certain of its executive officers are deemed to be participants in the solicitation of proxies from Immersion’s
stockholders in connection with the matters to be considered at Immersion’s 2018 Annual Meeting of Stockholders. Information regarding the names of Immersion’s directors and executive officers and their respective interests in Immersion by
security holdings or otherwise can be found in Immersion’s annual report on Form 10-K/A (Amendment No. 1), filed with the Securities and Exchange Commission (“SEC”) on April 30,
2018 (the “Form 10-K/A”). To the extent holdings of Immersion’s securities have changed since the amounts set forth in Immersion’s Form
10-K/A, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents are available free of charge
at the SEC’s website at www.sec.gov. Immersion intends to file a proxy statement and accompanying proxy card with the SEC in connection with the solicitation of proxies from Immersion stockholders in connection with the matters to be
considered at Immersion’s 2018 Annual Meeting of Stockholders. Additional information regarding the identity of participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in Immersion’s proxy
statement for its 2018 Annual Meeting, including the schedules and appendices thereto. INVESTORS AND STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED BY IMMERSION WITH
THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN  

  
 B-2 

 
IMPORTANT INFORMATION. Stockholders will be able to obtain Immersion’s proxy statement, any amendments or supplements to the proxy statement, the accompanying proxy card, and other
documents filed by Immersion with the SEC for no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Investor Relations section of Immersion’s corporate website at www.Immersion.com or by
contacting Immersion’s Corporate Secretary at Immersion Corporation, 50 Rio Robles, San Jose, California 95134 or by calling Immersion’s Corporate Secretary at (408) 350-8819. 

  
 B-3Exhibit 10.1

 

FIRST AMENDMENT TO BUSINESS PARK LEASE

 

This First Amendment to Business Park Lease (this “Amendment”) is made as of May 10, 2018 by and between Mittleman North Park, LLC, a Washington limited liability company (“Landlord”), and NLight, Inc., a Delaware corporation (“Tenant”).

 

RECITALS

 

A.                                    Landlord’s predecessor in interest (Aspen Hinton, LLC) and Tenant (formerly known as nLight Photonics Corp.) executed that certain North Park Industrial Center Business Park Lease dated May 21, 2013 (the “Lease”). Pursuant to the Lease, Landlord leases to Tenant that certain space (the “Premises”) containing approximately 26,350 rentable square feet in Building D-1, Suite D-406 and Bays 1,2 & 3 of the building with the address of 5408 NE 88th St., Vancouver, WA 98665 (the “Building”). Capitalized terms used in this Amendment shall have the meanings given to them in the Lease, except as provided in this Amendment.

 

B.                                    Landlord and Tenant desire to, among other things, extend the term of the Lease in accordance with the terms and conditions set forth in this Amendment.

 

AGREEMENT

 

In consideration of the mutual covenants and conditions contained herein and for other good and valuable consideration, Landlord and Tenant agree as follows:

 

1.                                      Amendment of Lease.

 

A.                                    Extension of Lease Term. The Term of the Lease with respect to the Premises is extended for eighty-four months (the “Extension Term”) commencing on August 1, 2018 such that it shall expire July 31, 2025 (the “Extension Term Expiration Date”). Tenant accepts the Premises for the Extension Term in its “as is” condition and without any tenant improvement allowance.

 

B.                                    Base Monthly Rent. Tenant shall pay to Landlord Base Monthly Rent with respect to the Premises during the Extension Term in accordance with the following table:

 

	
Period
    	
 
    	
Existing Space Annual
   Base Rent
    	
 
    	
Existing Space Base
   Monthly Rent
    	
 
    
	
8/1/18 – 7/31/19
    	
 
    	
$
    	
247,176.00
    	
 
    	
$
    	
20,598.00
    	
 
    
	
8/1/19 – 7/31/20
    	
 
    	
$
    	
254,591.28
    	
 
    	
$
    	
21,215.94
    	
 
    
	
8/1/20 – 7/31/21
    	
 
    	
$
    	
262,229.04
    	
 
    	
$
    	
21,852.42
    	
 
    
	
8/1/21 – 7/31/22
    	
 
    	
$
    	
270,089.04
    	
 
    	
$
    	
22,507.99
    	
 
    
	
8/1/22 – 7/31/23
    	
 
    	
$
    	
278,198.76
    	
 
    	
$
    	
23,183.23
    	
 
    
	
8/1/23 – 7/31/24
    	
 
    	
$
    	
286,538.76
    	
 
    	
$
    	
23,878.73
    	
 
    
	
8/1/24 – 7/31/25
    	
 
    	
$
    	
295,141.08
    	
 
    	
$
    	
24,595.09
    	
 
    

 

C.                                                 Option to Extend. Landlord hereby grants Tenant the right to extend the Term of the Lease for one (1) additional period of five (5) years (such extended period is hereinafter referred to as the “Option Term”) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the first year of the Option Term shall be as set forth hereinbelow with annual 3% increases in Base Rent on each anniversary of the commencement of the Option Term, (ii) no additional options to extend shall apply following

 

1

 

the expiration of the Option Term, and (iii) Landlord shall have no obligation to make any improvements to the Premises or contribute any amounts therefor. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Option Term must be given to Landlord no more than twelve (12) months and no less than nine (9) months prior to the date the Term of the Lease would otherwise expire. If Tenant is in default under this Lease, Tenant shall have no Option to Extend the Term of this Lease until such default is cured within the cure period set forth in this Lease for such default, if any; provided, that the period of time within which said Option to Extend may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise said Option to Extend because of a default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as herein provided, Base Rent shall be adjusted as of the commencement date of the Option Term as follows (but in no event shall it be less than the Base Rent for the month immediately prior to the commencement of the Option Term):

 

(a)                                 Not later than six (6) months prior to the commencement of the Option Term, Landlord shall provide Tenant with Landlord’s determination of the fair market Base Rent for the Option Term (“Landlord’s Determination of Base Rent for Option Term”). Tenant shall provide notice to Landlord within ten (10) days after receipt of such notice from Landlord as to whether Tenant accepts Landlord’s Determination of Base Rent for Option Term. In the event Tenant does not agree to Landlord’s Determination of Base Rent for Option Term, Landlord and Tenant shall attempt to agree upon Base Rent for the Premises for the Option Term, such rent to be the fair market Base Rent installment of rent for the Premises for the Option Term, as defined in Subsection (c) below. If the parties are unable to agree upon the Base Rent for the Option Term by the date three (3) months prior to the commencement of the Option Term, then within ten (10) days thereafter each party, at its own cost and by giving notice to the other party, shall appoint a real estate appraiser with at least five (5) years full-time commercial real estate appraisal experience in the area in which the Premises are located to appraise and set Base Rent for the Option Term. If a party does not appoint an appraiser within ten (10) days after the other party has given notice of the name of its appraiser, the single appraiser appointed shall be the sole appraiser and shall set Base Rent for the Option Term. If each party shall have so appointed an appraiser, the two (2) appraisers shall meet promptly and attempt to set the Base Rent for the Option Term. If the two (2) appraisers are unable to agree within thirty (30) days after the second appraiser has been appointed, they shall attempt to select a third appraiser meeting the qualifications herein stated within ten (10) days after the last day the two (2) appraisers are given to set Base Rent. If the two (2) appraisers are unable to agree on the third appraiser within such ten (10) day period, either of the parties to this Lease, by giving five (5) days’ notice to the other party, may apply to the Arbitration Service of Portland for the selection of a third appraiser meeting the qualifications stated in this Section. Each of the parties shall bear one-half (1/2) of the cost of appointing the third appraiser and of paying the third appraiser’s fee. The third appraiser, however selected, shall be a person who has not previously acted in any capacity for either party.

 

(b)                                 The fair market Base Rent shall be fixed by the appraisers in accordance with the following procedures. Each party-appointed appraiser shall state, in writing, such appraiser’s determination of the fair market Base Rent supported by the reasons therefor and shall make counterpart copies for the other party-appointed appraiser and any neutral appraiser. The party-appointed appraisers shall arrange for a simultaneous exchange of their proposed fair market Base Rent determinations. The role of any neutral appraiser shall be to select whichever of the two (2) proposed determinations of fair market Base Rent most closely approximates the neutral appraiser’s own determination of fair market Base Rent. The neutral appraiser shall have no right to propose a middle ground or any modification of either of the two (2) proposed determinations of fair market Base Rent. The determination of fair market

 

2

 

Base Rent the neutral appraiser chooses as that most closely approximating the neutral appraiser’s determination of the fair market Base Rent shall constitute the decision of the appraisers and shall be final and binding upon the parties. The appraisers shall have no power to modify the provisions of this Lease.

 

(c)                                  For purposes of the appraisal, the term “fair market Base Rent” shall mean the price that a ready and willing tenant that is renewing its lease would pay, as of the Option Term commencement date, as a base rent to a ready and willing landlord of premises comparable to the Premises, in terms of size, quality and comparable term, in their then- improved state, in the Vancouver, Washington market.

 

(d)                                 Any neutral appraiser’s decision shall be made not later than thirty (30) days after the submission by the appraisers of their proposals with respect to the fair market Base Rent. The parties have included these time limits in order to expedite the proceeding, but they are not jurisdictional, and the neutral appraiser may for good cause allow reasonable extensions or delays, which shall not affect the validity of the award. Absent fraud, collusion or willful misconduct by the neutral appraiser, the award shall be final, and judgment may be entered in any court having jurisdiction thereof. The Option to Extend the Lease hereby granted is personal to the entity executing this Lease as tenant and is not transferable; in the event of any assignment or subletting under this Lease, the Option to Extend the Lease shall automatically terminate and shall thereafter be null and void.

 

D.                                                 Option Rights. Except for the option to extend the term of the Lease in Section 1C above, all option rights granted to Tenant, if any, contained in the Lease, including, without limitation, options to extend or renew the term of the Lease or to expand the Premises or to terminate the Lease, are hereby deleted and are of no force and effect.

 

E.                                                  Removal of Tenant’s Personal Property. Notwithstanding anything to the contrary contained in the Lease, all of Tenant’s personal property shall remain the property of Tenant, which shall include, without limitation: (i) all of the personal property listed on Schedule 1 of this Amendment; and (ii) any trade fixtures, furniture, equipment and other personal property installed in the Premises by Tenant that can be removed without material structural injury to the Premises.

 

F.                                                   Security Deposit. Upon execution of this Amendment by Landlord and Tenant, the Security Deposit will be increased to an amount equal to $24,595.09 (and Tenant shall deposit with Landlord $4,194.94 to so increase the amount of the Security Deposit from the current amount of $20,400.15).

 

G.                                                 Use. Section 1.d of the Lease shall be deemed to include “general office” as a permitted use of the Premises.

 

H.                                                Liability Insurance. The second sentence of Section 15(a)(1) is deleted and replaced with the following: “Such insurance shall have a combined single limit of not less than Two Million Dollars ($2,000,000) per occurrence with Three Million Dollars ($3,000,000) aggregate limit and excess umbrella liability insurance in the amount of Three Million Dollars ($3,000,000).

 

I.                                                          Expense Exclusions. Section 4(b) of the Lease is amended to provide that the following are excluded from “Expenses”: reserves; earthquake insurances deductibles in excess of $25,000; costs incurred in connection with the presence of any Hazardous Substances; any fee, profit, compensation retained or paid by Landlord or its affiliates for management and administration of the Project in excess of 4% of the gross rents payable

 

3

 

under the Lease; and any tax or assessment expense or any increase therein in excess of the amount which would be payable if such tax or assessment expense were paid in installments over the longest permitted term.

 

J.                                        Waiver of Subrogation. Section 15(c) of the Lease is amended to include the following additional language: “The parties hereto release each other and their respective agents, employees, successors, assignees and subtenants from all liability for damage to any property that is caused by or results from a risk which is actually insured against, or which is required to be insured against under this Lease, without regard to the negligence or willful misconduct of the entity so released. All of Landlord’s and Tenant’s repair and indemnity obligations under this Lease shall be subject to the waiver contained in this paragraph.”

 

2.                                      Tenant Representations. Tenant represents and warrants that:

 

A.                                                      Due Authorization. Tenant has full power and authority to enter into this Amendment without the consent of any other person or entity;

 

B.                                                      No Assignment.   Tenant has not assigned the Lease, or sublet the Premises;

 

C.                                                      No  Default.            Tenant  is  not  in  default  of  the  Lease  and  Tenant acknowledges that Landlord is not in default of the Lease;

 

D.                                                      Binding Effect. The Lease is binding on Tenant and is in full force and effect, and Tenant has no defenses to the enforcement of the Lease; and

 

E.                                                       Real Estate Brokers. Chris Elsenbach of JLL represents Tenant and Steven Klein and Peter Stalick of Kidder Mathews represent Landlord in the transactions contemplated by this Amendment. Each party represents that it has not had dealings with any real estate broker, finder, or other person with respect to this Amendment in any manner, except for the brokers identified herein. Tenant hereby agrees to indemnify, defend and hold Landlord harmless for, from and against all claims for any brokerage commissions, finder’s fees or similar payments by any person other than Tenant’s broker arising from Tenant’s acts and all costs, expenses and liabilities incurred in connection with such claims, including reasonable attorneys’ fees and costs. Landlord hereby agrees to indemnify, defend and hold Tenant harmless for, from and against all claims for any brokerage commissions, finder’s fees or similar payments by any person arising from Landlord’s acts and all costs, expenses and liabilities incurred in connection with such claims, including reasonable attorneys’ fees and costs. Landlord shall pay a leasing commission in accordance with a separate agreement between Landlord and Landlord’s broker and Tenant’s broker.

 

3.                                      General Provisions

 

A.                                                      Attorneys’ Fees. If a suit or an action is instituted in connection with any dispute arising out of this Amendment or the Lease or to enforce any rights hereunder or thereunder, the prevailing party shall be entitled to recover such amount as the court may adjudge reasonable as attorneys’ and paralegals’ fees incurred in connection with the preparation for and the participation in any legal proceedings (including, without limitation, any arbitration proceedings or court proceedings, whether at trial or on any appeal or review), in addition to all other costs or damages allowed.

 

B.                                                      Counterparts; Facsimile and Scanned Email Signatures. This Amendment may be executed in counterparts and when each party has signed and delivered

 

4

 

at least one such executed counterpart to the other party, then each such counterpart shall be deemed an original, and, when taken together with the other signed counterpart, shall constitute one agreement which shall be binding upon and effective as to all signatory parties. Facsimile and scanned e-mail signatures shall operate as originals for all purposes under this Amendment.

 

C.                                                      Effect of Amendment. The Lease is unmodified except as expressly set forth in this Amendment. Except for the modifications to the Lease set forth in this Amendment, the Lease remains in full force and effect. To the extent any provision of the Lease conflicts with or is in any way inconsistent with this Amendment, the Lease is deemed to conform to the terms and provisions of this Amendment and the terms of this Amendment govern.

 

D.                                                      Binding Effect. The provisions of this Amendment shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. No amendment, modification or supplement to this Amendment shall be binding upon the parties unless in writing and executed by Landlord and Tenant.

 

E.                                                       Integration. The Lease, as modified by this Amendment contains the entire agreement and understanding of the parties with respect to the matters described herein, and supersedes all prior and contemporaneous agreements between them with respect to such matters.

 

F.                                                        Submission of Amendment. The submission of this Amendment for examination and negotiation does not constitute an offer to execute this Amendment by Landlord. This Amendment shall become effective and binding only upon execution and delivery hereof by Landlord and Tenant. No act or omission of any officer, employee or agent of Landlord or Tenant shall alter, change or modify any of the provisions hereof.

 

G.                                                      Required Approvals. Landlord represents to Tenant that: (i) Landlord has received the consent to this Amendment of the holders of all mortgages encumbering the Premises, and (ii) the Premises are not subject to a ground lease.

 

5

 

IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the date first above written.

 

	
TENANT:
    	
NLight, Inc.,
    	
 
    
	
 
    	
a Delaware corporation
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kerry Hill
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Kerry Hill
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
VP of Finance and   Corporate Secretary
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
LANDLORD:
    	
Mittleman North Park, LLC,
    	
 
    
	
 
    	
a Washington limited liability company
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Miles R.   Newmark
    	
 
    
	
 
    	
 
    	
Miles R. Newmark, Manager
    	
 
    
					

 

6

 

Schedule 1

 

To Mittleman North Park Lease, “First Amendment” May 10, 2018

 

Non-Exclusive List of Tenant Personal Property in Building D-1

per section E of above First Amendment

 

As of May 10, 2018

 

	
Item
    	
 
    	
Description
    
	
1.
    	
 
    	
Process Chilled Water Skid
    
	
2.
    	
 
    	
Brine Water Skid
    
	
3.
    	
 
    	
Chilled Water Skid
    
	
4.
    	
 
    	
Two Chillers
    
	
5.
    	
 
    	
Two Air Handlers
    
	
6.
    	
 
    	
Two Boiler Humidifiers
    
	
7.
    	
 
    	
Two Compressed Air Humidifiers
    
	
8.
    	
 
    	
CDA Compressor & Dryer
    
	
9.
    	
 
    	
Battery Backup interface
    
	
10.
    	
 
    	
Emergency Generator
    
	
11.
    	
 
    	
Fire Alarm Panel-
    
	
12.
    	
 
    	
Video /Burglar Alarm Panel
    
	
13.
    	
 
    	
Ethernet Switches
    
	
14.
    	
 
    	
Aux Electric Heaters
    
	
15.
    	
 
    	
Access Control System Controls
    
	
16.
    	
 
    	
PA System & Speakers
    
	
17.
    	
 
    	
HEPA Fan System
    
	
18.
    	
 
    	
LED lights
    
	
19
    	
 
    	
Gantry Crane
    
	
20.
    	
 
    	
Two Lift Stations
    
	
21.
    	
 
    	
HDTVs
    
	
22.
    	
 
    	
Kitchen Appliances
    

 

7

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