Document:

Exhibit 10.2

 

LANDLORD
CONSENT TO SUBLEASE

 

THIS
LANDLORD CONSENT TO SUBLEASE (this “Consent Agreement”) is
entered into as of July 11, 2005, by and among SFERS REAL ESTATE CORP. U a Delaware corporation (“Landlord”),
and VERISITY DESIGN, INC., a California
corporation (“Sublandlord”), and CONCEPTUS,
INC., a Delaware corporation (“Subtenant”).

 

RECITALS:

 

A.                                   Landlord,
as landlord, and Sublandlord, as tenant, are parties to that certain
Multi-Tenant Industrial Net Lease, dated April 14, 2004, as amended by that
certain First Amendment dated June 29, 2005 (as so amended, the “Lease”),
pursuant to which Landlord has leased to Sublandlord certain premises
containing approximately 58,242 rentable square feet of space (the “Premises”)
within the building located at 331 East Evelyn Avenue, Mountain View,
California 94039 (the “Building”).

 

B.                                     Sublandlord
and Subtenant have entered into (or are about to enter into) that certain
sublease agreement dated as of June 28, 2005 and attached hereto as Exhibit A (the “Sublease”) pursuant to
which Sublandlord has agreed to sublease to Subtenant the entire Premises (the “Sublet
Premises”).

 

C.                                     Sublandlord
and Subtenant have requested Landlord’s consent to the Sublease.

 

D.                                    Landlord
has agreed to give such consent upon the terms and conditions contained in this
Consent Agreement.

 

NOW
THEREFORE, in consideration of the foregoing preambles which
by this reference are incorporated herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord hereby consents to the Sublease subject to the following terms and
conditions, all of which are hereby acknowledged and agreed to by Sublandlord
and Subtenant:

 

1.                                       Sublease
Agreement. Sublandlord and Subtenant hereby represent that a true and
complete copy of the Sublease is attached hereto and made a part hereof as Exhibit A,
and Sublandlord and Subtenant agree that the Sublease with respect to Landlord
and/or the Sublet Premises shall not be modified without Landlord’s prior
written consent, which consent shall not be unreasonably withheld.

 

2.                                       Representations.  Sublandlord hereby represents and warrants
that Sublandlord (i) has full power and authority to sublease the Sublet
Premises to Subtenant, (ii) has not transferred or conveyed its interest
in the Lease to any person or entity collaterally or otherwise, and (iii) has
full power and authority to enter into the Sublease and this Consent
Agreement.  Subtenant hereby represents
and warrants that Subtenant has full power and authority to enter into the
Sublease and this Consent Agreement.

 

3.                                       Indemnity
and Insurance. Subtenant hereby assumes, with respect to Landlord, all of
the indemnity and insurance obligations of the Sublandlord under the Lease with
respect to the Sublet Premises, provided that the foregoing shall not be
construed as relieving or releasing Sublandlord from any such obligations.  Notwithstanding the foregoing, to the extent
the same is legally permissable, Sublandlord may satisfy such insurance
obligation for itself and on behalf of Subtenant.

 

4.                                       No
Release.  Nothing contained in the
Sublease or this Consent Agreement shall be construed as relieving or releasing
Sublandlord from any of its obligations under the Lease, it being expressly

 

Verisity Conceptus Consent to Sublease - 3

(2011-0000/00028211;)

 

1

 

understood and agreed that Sublandlord shall remain
liable for such obligations notwithstanding anything contained in the Sublease
or this Consent Agreement or any subsequent assignment(s), sublease(s) or
transfer(s) of the interest of the tenant under the Lease. Sublandlord shall be
responsible for the collection of all rent due it from Subtenant, and for the
performance of all the other terms and conditions of the Sublease, it being
understood that Landlord is not a party to the Sublease and, notwithstanding
anything to the contrary contained in the Sublease, is not bound by any terms,
provisions, representations or warranties contained in the Sublease and is not
obligated to Sublandlord or Subtenant for any of the duties and obligations
contained therein.

 

5.                                       Administrative
Fee.  Sublandlord shall pay to
Landlord the sum of $1,000.00, plus the reasonable attorneys fees and costs
incurred by Landlord, subject to the terms of Section 9.6 of the Lease, in
consideration for Landlord’s review of the Sublease and the preparation and
delivery of this Consent Agreement, and shall deliver such amount to Landlord
with the Monthly Installment of Rent payable for the month of August, 2005.

 

6.                                       No
Transfer.  Subtenant shall not
further sublease the Sublet Premises, assign its interest as the Subtenant
under the Sublease or otherwise transfer its interest in the Sublet Premises or
the Sublease to any person or entity without the written consent of Landlord,
which consent shall not be unreasonably withheld, conditioned or delayed.

 

7.                                       Lease.

 

(a)                                  The
parties agree that the Sublease is subject and subordinate to the terms of the
Lease, and all terms of the Lease, other than Sublandlord’s obligation to pay
Monthly Installments of Rent, are incorporated into the Sublease.  In no event shall the Sublease or this
Consent Agreement be construed as granting or conferring upon the Sublandlord
or the Subtenant any greater rights than those contained in the Lease nor shall
there be any diminution of the rights and privileges of the Landlord under the
Lease, nor shall the Lease be deemed modified in any respect. Without limiting
the scope of the preceding sentence, any construction or alterations performed
in or to the Sublet Premises shall be performed with Landlord’s prior written
approval and in accordance with the terms and conditions of the Lease.  It is hereby acknowledged and agreed that any
provisions in the Sublease which limit the manner in which Sublandlord may
amend the Lease are binding only upon Sublandlord and Subtenant as between such
parties.  Landlord shall not be bound in
any manner by such provisions and may rely upon Sublandlord’s execution of any
agreements amending or terminating the Lease subsequent to the date hereof
notwithstanding any contrary provisions in the Sublease.

 

(b)                                 Without
limiting the scope of the foregoing, any construction or alterations performed
in or to the Sublet Premises shall be performed with Landlord’s prior written
approval and in accordance with the terms and conditions of the Lease.  As an accommodation to Sublandlord and
Subtenant,  Landlord hereby consents to
the construction of the alterations described in plans (the “Plans”) attached
as Exhibit “F” to the Sublease (the “Sublease Alterations”), provided that
Landlord’s consent to such Sublease Alterations shall be subject to the
following terms and conditions:  (i) Sublandlord
and Subtenant shall have complied with all of the terms and conditions of Article 6
of the Lease, including, without limitation, approval by Landlord of any
amendment to the Plans and of the contractors to be retained to perform the
Sublease Alterations; (ii) the Sublease Alteration shall be performed in
accordance with the Plans and with the specifications set forth in Exhibit B  attached hereto; (iii) Sublandlord
shall not be required to remove any portion of the Sublease Alterations
described on the Plans with respect to the second

 

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floor of the Sublet Premises, so long as such Sublease
Alterations comply with the specifications set forth in Exhibit B  hereto; (iv) Sublandlord
shall be required to remove the portion of the Sublease Alterations described
on the Plans with respect to the first floor of the Sublease Premises and shall
restore the first floor of the Sublet Premises to the condition existing prior
to the installation of such Sublease Alterations, all in accordance with the
terms of Articles 6 and 26 of the Lease; and (v) except as expressly set
forth in clause (iii) above, Landlord hereby reserves any and all rights
Landlord may have under the Lease to approve any alterations or improvements to
the Sublet Premises, and Landlord may, in its sole discretion, refuse to release
Sublandlord from any obligation under the Lease to remove alterations or
improvements performed by Subtenant in the Sublet Premises and Landlord further
reserves the right to condition any such approval or release on Landlord’s
receipt of adequate security from Subtenant to ensure the removal and
restoration of such alterations or improvements. Sublandlord shall be
responsible for all elements of the design of the Plans and any amendments
thereto (including, without limitation, compliance with law, functionality of
design, the structural integrity of the design, the configuration of the Sublet
Premises and the placement of Subtenant’s furniture, appliances and equipment),
and Landlord’s approval of such Plans shall in no event relieve Sublandlord of
the responsibility for such design. Notwithstanding the foregoing, Subtenant
agrees for the benefit of Sublandlord and Landlord that prior to the
termination or earlier expiration of the term of the Sublease, Subtenant shall
remove, at Subtenant’s sole cost at expense, all of Subtenant’s alterations and
improvements on the first floor of the Sublet Premises, as Landlord requires
Sublandlord to remove pursuant to this Section 7(b); provided that
Subtenant’s failure to perform such removal shall not in any way excuse or
otherwise limit Sublandlord’s obligation to remove such alterations in
accordance with this Section 7(b).

 

(c)                                  Landlord
hereby consents to Subtenant’s permitted use of the Sublet Premises described
in Section 1.10 of the Sublease, so long as such use complies with all of
the terms and conditions of the Lease, including without limitation Article 1
of the Lease.

 

8.                                       Parking
and Services. Any parking rights granted to Subtenant pursuant to the
Sublease shall be satisfied out of the parking rights, if any, granted to
Sublandlord under the Lease.  Sublandlord
hereby authorizes Subtenant, as agent for Sublandlord, to obtain services and
materials for or related to the Sublet Premises, and Sublandlord agrees to pay
for such services and materials as additional Rent under the Lease upon written
demand from Landlord. However, as a convenience to Sublandlord, Landlord may
bill Subtenant directly for such services and materials, or any portion thereof,
in which event Subtenant shall pay for the services and materials so billed
upon written demand, provided that such billing shall not relieve Sublandlord
from its primary obligation to pay for such services and materials.

 

9.                                       Attornment.
If the Lease or Sublandlord’s right to possession thereunder terminates for any
reason prior to expiration of the Sublease, Subtenant agrees, at the written
election of Landlord, to attorn to Landlord upon the then executory terms and
conditions of the Sublease for the remainder of the term of the Sublease.  In the event of any such election by
Landlord, Landlord will not be (a) liable for any rent paid by Subtenant
to Sublandlord more than one month in advance, or any security deposit paid by
Subtenant to Sublandlord, unless same has been transferred to Landlord by
Sublandlord; (b) liable for any act or omission of Sublandlord under the
Lease, Sublease or any other agreement between Sublandlord and Subtenant or for
any default of Sublandlord under any such documents which occurred prior to the
effective date of the attornment; (c) subject to any defenses or offsets that
Subtenant may have against Sublandlord which arose prior to the effective date
of the attornment; (d) bound by any changes or modifications made to the
Sublease without the written

 

3

 

consent of Landlord, (e) obligated in any manner
with respect to the transfer, delivery, use or condition of any furniture,
equipment or other personal property in the Sublet Premises which Sublandord
agreed would be transferred to Subtenant or which Sublandlord agreed could be
used by the Subtenant during the term of the Sublease, or (f) liable for
the payment of any improvement allowance, or any other payment, credit, offset
or amount due from Sublandlord to Subtenant under the Sublease. If Landlord
does not elect to have Subtenant attorn to Landlord as described above, the
Sublease and all rights of Subtenant in the Sublet Premises shall terminate
upon the date of termination of the Lease or Sublandlord’s right to possession
thereunder. The terms of this Section 9 supercede any contrary provisions
in the Sublease.

 

10.                                 Payments
Under the Sublease. If at any time Sublandlord is in default under the
terms of the Lease, Landlord shall have the right to contact Subtenant and
require Subtenant to pay all rent due under the Sublease directly to Landlord
until such time as Sublandlord has cured such default. Subtenant agrees to pay
such sums directly to Landlord if requested by Landlord, and Sublandlord agrees
that any such sums paid by Subtenant shall be deemed first applied against any
sums owed by Sublandlord under the Lease and then against Subtenant under the
Sublease.  Any such sums received by
Landlord from Subtenant shall be received by Landlord on behalf of Sublandlord
and shall be applied by Landlord to any sums past due under the Lease, in such
order of priority as required under the Lease or, if the Lease is silent in
such regard, then in such order of priority as Landlord deems appropriate. The
receipt of such funds by Landlord shall in no manner be deemed to create a
direct lease or sublease between Landlord and Subtenant. If Subtenant fails to
deliver its Sublease payments directly to Landlord as required herein following
receipt of written notice from Landlord as described above, then Landlord shall
have the right to remove any signage of Subtenant, at Subtenant’s cost, located
outside the Premises or in the Building lobby or elsewhere in the Building and
to pursue any other rights or remedies available to Landlord at law or in
equity.

 

11.                                 Excess
Rent. If Landlord is entitled to any excess rent from Sublandlord pursuant
to the terms of the Lease, then, in addition to all rent otherwise payable by
Sublandlord to Landlord under the Lease, Sublandlord shall also pay to Landlord
the portion of the excess rent to which Landlord is entitled under the Lease,
in the manner described in the Lease. Landlord’s failure to bill Sublandlord
for, or to otherwise collect, such sums shall in no manner be deemed a waiver
by Landlord of its right to collect such sums in accordance with the Lease.

 

12.                                 Sublandlord
Notice Address. Sublandlord’s new address for notices to Sublandlord under
the Lease shall be as follows: Verisity Design, Inc., c/o Cadence Design
Systems, Inc., 2655 Seely Avenue, San Jose, California 95134.

 

13.                                 Authority.  Each signatory of this Consent Agreement
represents hereby that he or she has the authority to execute and deliver the
same on behalf of the party hereto for which such signatory is acting.

 

14.                                 Limitation
Of Landlord’s Liability.  Redress for
any claim against Landlord under this Consent Agreement shall be limited to and
enforceable only against and to the extent of Landlord’s interest in the
Building.  The obligations of Landlord
under this Consent Agreement, if any, are not intended to be and shall not be
personally binding on, nor shall any resort be had to the

 

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private properties of, any of its or its investment
manager’s trustees, directors, officers, partners, beneficiaries, members,
stockholders, employees, or agents, and in no case shall Landlord be liable to
Sublandlord and/or Subtenant hereunder for any lost profits, damage to
business, or any form of special, indirect or consequential damages.

 

IN
WITNESS WHEREOF, Landlord, Sublandlord and Subtenant have
executed this Consent Agreement as of the date set forth above.

 

	
  LANDLORD:

  	
   

  	
  SUBLANDLORD:

  
	
   

  	
   

  	
   

  
	
  SFERS REAL ESTATE CORP. U,

  	
   

  	
  VERISITY DESIGN, INC.,

  
	
  a Delaware corporation

  	
   

  	
  a California corporation

  
	
   

  	
   

  
	
  By:

  	
  RREEF Management Company, a

  	
  By:

  	
  /s/ James J. Cowie

  	
   

  
	
   

  	
  Delaware corporation, its Property

  	
  Name:

  	
  JAMES J. COWIE

  	
   

  
	
   

  	
  Manager

  	
  Title:

  	
  ASST. SECRETARY

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James H. Ida

  	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
  Name: James H. Ida

  	
  Name:

  	
  [ILLEGIBLE]

  	
   

  
	
   

  	
  Title:  Vice
  President, District Manager

  	
  Title:

  	
  VICE PRESIDENT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SUBTENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CONCEPTUS, INC., a Delaware
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Mark M. Sieczkarek

  	
   

  
	
   

  	
   

  	
  Name:

  	
  MARK M. SIECZKAREK

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CEO/PRESIDENT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Name:

  	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Title: 

  	
  EVP & CFO

  	
   

  
								

 

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5

 

CONSENT
OF GUARANTOR

 

The undersigned, Cadence Design Systems, Inc., a Delaware corporation,
hereby (i) acknowledges this Consent Agreement, (ii) consents to the
terms and conditions contained in this Consent Agreement, and (iii) reaffirms
all of the undersigned’s obligations to guarantee the performance by Tenant of
the provisions of the Lease, pursuant to that certain Guaranty dated July 7,
2005 made by the undersigned in favor of Landlord, and all of the waivers set
forth therein of defenses to such obligations.

 

	
   

  	
  CADENCE DESIGN SYSTEMS, INC., a Delaware

  
	
   

  	
  Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Trvaso

  	
   

  
	
   

  	
  Name:

  	
  DAVID TRVASO

  	
   

  
	
   

  	
  Title:

  	
  V.P. N.A. [ILLEGIBLE]

  	
   

  
	
   

  	
  Dated:

  	
  JULY 19, 2005

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Paul Bruno

  	
   

  
	
   

  	
  Name:

  	
  John Paul Bruno

  	
   

  
	
   

  	
  Title:

  	
  Vice President Real Estate & [ILLEGIBLE]

  	
   

  
	
   

  	
  Dated:

  	
  7/19/05, 2005

  

 

6

 

EXHIBIT A

 

SUBLEASE
AGREEMENT

 

[attached
hereto]

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

 

A-1

 

EXHIBIT B

 

DESCRIPTION
OF SUBLEASE ALTERATIONS

 

The area of work in the Sublease Premises on the first floor occurs
between column lines A and D and 4 and 9 as depicted on the attached Floor
Plans. The shaded areas of the attached Floor Plans for the first floor on the
new construction plan are as shaded in the existing plan. The shaded areas are
the cafeteria (not in contract) and existing office area which does not receive
any new work.

 

The new construction on the first floor will consist of expanding the
existing shipping and receiving area (designated as the warehouse) and removing
some existing offices to accommodate construction of a Machine Shop, R &
D and Wet Lab and the existing prefabricated CER room to be relocated from
Conceptus’s current facilities.

 

On the second floor, the work consists of combining two existing
conference rooms into 1 (at column line F between column lines 3 and 5) and
reworking an enclosed office area to a training room (at column line C, between
column lines 5 and 7).

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

B-1

 

EXISTING
FLOOR PLAN 

 

FIRST
FLOOR

 

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

B-2

 

EXISTING FLOOR PLAN 

 

SECOND FLOOR

 

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

B-3

 

CONCEPTUS NEW
CONSTRUCTION - FIRST FLOOR

 

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

B-4

 

CONCEPTUS NEW
CONSTRUCTION - SECOND FLOOR

 

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  Initials

  

 

B-5Exhibit 10.3

 

CONCEPTUS,
INC.

 

SETTLEMENT
AND MUTUAL RELEASE AGREEMENT

 

This Settlement
and Mutual Release Agreement (the “Agreement”) is made and entered into
as of 7-27, 2005 by and among Conceptus, Inc., a Delaware corporation (the
“Company”) and Dr. Florence Comité,
an individual (“Dr. Comité”).
The Company and Dr. Comité are
sometimes referred to herein each as a “Party” and collectively as the “Parties.”
Except as expressly set forth herein, there are no third party beneficiaries to
this Agreement.

 

RECITALS

 

WHEREAS, the
Company and Dr. Comité entered into
a Master Consulting Agreement, dated September 10, 1997, as amended
through the date hereof (the “Consulting Agreement”);

 

WHEREAS, the
Company has previously notified Dr. Comité
that it was terminating the Consulting Agreement effective as of December 31,
2003 (the “Termination Date”);

 

WHEREAS, Dr. Comité has made various assertions and allegations
relating to the Company’s performance under the Consulting Agreement, including
without limitation that the Company did not provide proper written notice to Dr. Comité of the Company’s intention to terminate the
Consulting Agreement as of the Termination Date within the proper time period
specified in the Consulting Agreement; and

 

WHEREAS, the
Parties wish to resolve all the issues and claims raised by Dr. Comité or the Company, and all those that could have
been raised by Dr. Comité or the
Company arising out of or relating to the Consulting Agreement.

 

AGREEMENT

 

NOW, THEREFORE,
for good and valuable consideration, the adequacy of which is hereby
acknowledged, and in consideration of the mutual covenants and payment set
forth herein, the parties hereto agree as follows:

 

1.             Payments. Within seven (7) days
after the execution of this Agreement by Dr. Comité, the Company shall pay to Dr. Comité the sum of $22,500.00.

 

2.             Releases and Terminations.

 

(a)           (i)            Dr. Comité, on behalf of herself, and all of her
successors, heirs, assigns, benefit plans, plan trustees and plan
administrators, past and present, and their attorneys, and all persons acting
by, through, under or in concert with them or any of them and affiliated and/or
associated companies, corporations, partnerships and organizations and all of
their present and former employees, officers, directors, shareholders,
partners, owners, agents, attorneys, assigns, representatives, contractors,
contract employees, and each of them (the “Comité Parties”), do hereby finally, fully, and forever release and
discharge the Company and its subsidiaries, affiliates, predecessors,
successors, agents, representatives, officers, directors, employees,
shareholders, insurers, heirs, assigns, benefit plans, plan trustees and plan

 

1

 

administrators, past and present, and their attorneys, and all persons
acting by, through, under or in concert with them or any of them (the “Company
Parties”) from any and all causes of action, claims, suits, debts, liens,
contracts, liabilities, agreements, costs, or demands for expenses or losses of
any type, known or unknown (“Claims”), arising out of or relating to the
Consulting Agreement, including without limitation any and all Claims made or
raised or which could have been asserted by the Comité Parties.

 

(ii)           The
Company, on behalf of itself and each of the Company Parties, does hereby
finally, fully, and forever release and discharge the Comité Parties from any and all Claims arising out
of or relating to the Consulting Agreement, including without limitation any
and all Claims made or raised or which could have been asserted by the Company
Parties.

 

(b)           The
Parties expressly waive the provisions of Section 1542 of the California
Civil Code which provides as follows:

 

“A
general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which, if
known by him, must have materially affected his settlement with the debtor.”

 

(c)           Each Party
hereby represents and warrants to and agrees with the other Party that such Party
is the sole and lawful owner of all right, title, and interest in and to every Claim
and every matter that such Party purports to release, and that such Party has
not heretofore assigned or transferred, or purported or attempted to assign or
transfer to any person, or entity, any Claims or other matters herein released.

 

(d)           (i)            Dr. Comité shall indemnify, defend and hold harmless
each of the Company Parties from and against, and reimburse each of the Company
Parties for any and all future Claims against such Company Parties arising out
of or relating to such assignment or transfer by Dr. Comité of any Claims or other matters released
herein.

 

(ii)           The
Company shall indemnify, defend and hold harmless each of the Comité Parties from and against, and reimburse each
of the Comité Parties for any and all
future Claims against such Comité Parties
arising out of or relating to such assignment or transfer by the Company of any
Claims or other matters released herein.

 

(e)           Except as
otherwise provided herein, each Party represents, warrants and agrees that such
Party shall not bring, commence, institute, maintain or prosecute or allow any person,
entity or organization to bring, commence, institute, maintain or prosecute in
her or its name, any action at law or in equity, or any legal proceeding
whatsoever, in any jurisdiction, based in whole or in part, or arising out of
or relating to the Consulting Agreement, including without limitation any and
all Claims made or raised or that could have been asserted by any Comité Party or any Company Party. Notwithstanding Section 3(d) below,
this Agreement may be pled as a full and complete defense to, and may be used
as a basis for injunctive relief against, any action, suit or other proceeding
which may be instituted, prosecuted or attempted in breach of this Agreement.

 

2

 

(f)            The
Company and Dr. Comité agree that
the Consulting Agreement has been terminated effective as of the Termination
Date and, notwithstanding anything in the Consulting Agreement to the contrary
regarding the survivability of certain terms after the termination of the
Consulting Agreement, the Parties have no further rights or obligations under
the Consulting Agreement whatsoever.

 

3.             Miscellaneous.

 

(a)           Each
Party hereto agrees that the terms of this Agreement are confidential and shall
not be disclosed by any Party without the prior written permission of the other
Parties; provided, however, that a Party may disclose term(s) of
this Agreement to such Party’s financial or legal advisors or if such
disclosure is required by court order by such Party’s normal and customary
regulatory reporting requirements, or by other compulsory provision of law.

 

(b)           This
Agreement is made solely for the purpose of purchasing peace, and eliminating
possible involvement in litigation arising from the Consulting Agreement. This Agreement
shall in no way operate or be construed as an explicit or implicit admission of
liability or responsibility by any Party.

 

(c)           This
Agreement is considered by the Parties to be fully integrated. Each Party
represents, warrants and acknowledges that the consideration recited herein is
the sole and only consideration for it, that they have voluntarily entered into
this Agreement, and that no representations, promises or inducements have been
made other than that which appear in this Agreement. No supplement,
modification or amendment of this Agreement shall be binding unless executed in
writing by all Parties. No waiver of any of the provisions, whether or not similar,
shall constitute a continuing waiver. No waiver shall be binding unless
executed in writing by the waiving Party.

 

(d)           This
Agreement is deemed to have been entered into in the State of California,
United States of America, and it shall be governed by the laws of the State of California
without reference to or application of conflict of law rules. In any legal
action relating to or arising out of this Agreement, each party agrees (i) to
the exercise of jurisdiction over it by an appropriate Superior Court of the
State of California located in the county of San Mateo or a United States
District Court for the Northern District California and (ii) that if such
party brings an action it shall be instituted in one of the courts specified in
clause (i) above. The prevailing party in any legal action brought by one
Party against another and arising out of this Agreement shall be entitled, in
addition to any other rights and remedies that such prevailing party may have,
to reimbursement for expenses incurred by such prevailing party, including
without limitation, court costs and reasonable attorneys’ fees. Notwithstanding
the foregoing, each Party shall pay its own expenses incurred in connection
with this matter to date including the expenses of negotiation of this
Agreement.

 

(e)           This
Agreement is the result of negotiations between the Parties and has been
reviewed by each Party and its legal counsel; accordingly, this Agreement shall
be deemed to be the product of the Parties hereto, and no ambiguity shall be
construed in favor of or against any Party.

 

3

 

(f)            Each
Party represents, warrants and acknowledges and that it has been fully advised
with respect to its rights and obligations under this Agreement and understands
those rights and obligations. Each Party also represents, warrants and
acknowledges that prior to the execution of this Agreement, it has had an
adequate opportunity to make whatever investigation or inquiries were deemed necessary
or desirable with respect to the subject matter of this Agreement.

 

(g)           Each
Party represents and warrants that it has the full right, power and authority
to enter into and execute this Agreement, and that this Agreement has been read
by it and understood by it.

 

(h)           The
provisions of this Agreement are severable. If any provision is held to be
invalid or unenforceable, it shall not affect the validity or enforceability of
any other provision.

 

(i)            This
Agreement may be executed in telecopied counterparts, and each counterpart will
be considered an original.

 

(Signature
Pages Follow)

 

4

 

IN WITNESS
WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives as of the date first set forth above.

 

 

	
   

  	
  CONCEPTUS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark M Siezkarek

  	
   

  
	
   

  	
   

  	
  Name: MARK M SIEZKAREK

  
	
   

  	
   

  	
  Title: PRESIDENT &
  CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DR. COMITÉ

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Florence Comité

  	
   

  
	
   

  	
  Florence Comité

  
					

 

SIGNATURE
PAGE TO SETTLEMENT AND MUTUAL RELEASE AGREEMENT

 

5

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