Document:

Employment agreement for Jeffrey Peterson

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and
entered into as of March 21, 2006 by and between Quepasa Corporation, a Nevada corporation (the “Company”), and Jeffrey Peterson (“Peterson”). 
 WHEREAS, the Company, through its Board of Directors, desires to retain the services of Peterson, and Peterson desires to be retained by the Company, on the terms and conditions set forth in this Agreement;

 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. EMPLOYMENT. The Company hereby employs Peterson, and Peterson hereby accepts employment, as Chief Technical Officer (“CTO”) upon the terms of and subject to this Agreement. The Company further
agrees to refer to Peterson as “Founder and Chief Technical Officer” in all correspondence, press releases, Securities and Exchange Commission (“SEC”) filings, and all other documents referring to Peterson. 
 2. TERM. The term (the “Term”) of this Agreement shall commence on the date hereof, and shall continue for an initial term of three
(3) years or until otherwise terminated in accordance with the terms of this Agreement. 
 3. DUTIES. During his employment
hereunder, Peterson will serve in such capacity and with such duties as shall be assigned from time to time by the Chief Executive Officer of the Company. Peterson shall diligently perform his duties as CTO and shall devote the substantial portion
of his business time and effort to his employment with the Company and his duties hereunder. During the Term, Peterson shall not, directly or indirectly, alone or as a member of a partnership, or as an officer, director, employee or agent of any
other person, firm or business organization engage in any other business activities or pursuits requiring his personal service that materially conflict with his duties hereunder or the diligent performance of such duties. The Company acknowledges
that Peterson has participated and will participate in the business activities of other non-competing companies. Participation in such non-competing companies shall not constitute a breach of this Agreement. 
 4. COMPENSATION. 
 a.
Confirmation of Existing Options. The Company acknowledges and confirms that it has issued to Peterson an aggregate of 1,400,000 options, all of which are fully vested, immediately exercisable and fully disclosed in the Company’s
SEC filings (the “Options”). 
  

 - 1 - 

 b. Salary. Peterson shall receive a salary of $100 per year. However, in
the event Peterson’s employment is terminated as hereinafter defined, regardless of the grounds for termination, even if such termination is for “Cause”, as hereinafter defined, Peterson shall receive a $250,000 termination payment,
payable within 10 days of such termination. “Termination” shall include: (i) the affirmative termination of Peterson’s employment, (ii) a significant change in Peterson’s employment responsibilities, (iii) a change
in the location of Peterson’s employment without the consent of Peterson, (iv) a substantial reduction in office facilities or employment benefits provided to Peterson, (v) a Change of Control, as hereinafter defined,
(vi) Peterson’s death, or (vii) Peterson’s disability as hereinafter defined. 
 c. Bonus.
Peterson shall participate in any management bonus program established by the Company and offered to other key employees of the Company. 
 d. Insurance. During his employment hereunder, Peterson shall be entitled to participate in all such health, life, disability and other insurance programs, if any, that the Company may offer to other key
executive employees of the Company from time to time. 
 e. Other Benefits. During his employment hereunder,
Peterson shall be entitled to all such other benefits that the Company may offer to other key executive employees or members of the Board of Directors of the Company. 
 f. Expense Reimbursement. Peterson shall, upon submission of appropriate supporting documentation, be entitled to
reimbursement of reasonable out-of-pocket expenses incurred in the performance of his duties hereunder in accordance with policies established by the Company and as is customary. 
 g. Adjustment to Option Terms. The exercise price and number of shares issuable pursuant to the Options shall be
proportionately adjusted upon the occurrence of any “Adjustment Event” (as hereinafter defined) such that Peterson shall have the right to purchase and receive upon the basis and upon the terms and conditions specified in the Options and
in lieu of the shares of common stock immediately theretofore purchasable and receivable upon the exercise of the Options, such securities, money or other property as would have been issued or delivered to Peterson if he had exercised the Options
and had received such shares of common stock prior to such Adjustment Event. As used herein “Adjustment Event” shall mean (i) any reclassification, capital reorganization, recapitalization, stock dividend, stock split or other capital
reorganization or change of securities of the class or series issuable upon the exercise of the Options, (ii) any consolidation or merger of the Company with or into another corporation or other entity (other than a merger with a subsidiary in
which merger the Company is the continuing corporation and which does not result in any reclassification, capital reorganization or other change of securities of the class or series issuable upon exercise of the Options) or (iii) any sale,
lease or conveyance to another person or entity of all or substantially all the assets of the Company. The foregoing provisions shall similarly apply to successive Adjustment Events. This provision is not meant to broaden or lessen any rights the

  

 - 2 - 

 
Peterson has with respect to the underlying securities available for purchase pursuant to the terms of the Options. 
 5. GROUNDS FOR TERMINATION. The Board of Directors of the Company may terminate this Agreement for Cause, subject to the termination payment
required under paragraph 4b above. As used herein, “Cause” shall mean any of the following: (i) an act of willful misconduct or gross negligence by Peterson in the performance of his material duties or obligations to the Company; if
such act is capable of cure, Peterson shall be given written notice and such act shall not be deemed a basis for Cause if cured within 60 days after written notice is received by Peterson specifying the alleged failure in reasonable detail (and
during such 60 day period, Peterson shall continue to be employed by the Company at full pay), or (ii) conviction of Peterson of a felony involving moral turpitude or (iii) a material act of dishonesty or breach of trust on the part of
Peterson resulting or intended to result directly or indirectly in personal gain or enrichment at the expense of the Company. 
 6.
TERMINATION BY PETERSON FOR GOOD REASON. Peterson may terminate this Agreement with Good Reason. In the event of termination by Peterson for Good Reason, Peterson shall be entitled to the termination payment set forth in paragraph 4b above.
“Good Reason” means: 
 a. The Company materially breaches the provisions of this Agreement and Peterson provides at
least 15 days’ prior written notice to the Company of the existence of such breach and his intention to terminate this Agreement (no such termination shall be effective if such breach is cured during such period); or 
 b. The Company fails to comply with the provisions of Paragraph 4; 
 c. The Company requires Peterson to work in a non-supervisory or non-management position; or 
 d. The Company decreases Peterson’s compensation (salary or bonus opportunity); or 
 e. The Company materially reduces Peterson’s welfare benefits, including without limitation: paid vacation; paid sick time; paid
legal and floating holidays; medical and dental insurance; any life or disability insurance (collectively, the “Benefits”); provided, however, that any change in Benefits that is made by the Company that applies to its employees generally,
shall not be considered as giving rise to “Good Reason”; or 
 f. Peterson is required, without his prior written
consent, to relocate his office more than seventy-five miles from the office Peterson currently reports to. 
 7. VOLUNTARY TERMINATION BY
PETERSON. Peterson may at any time terminate this Agreement and resign from his employment with the Company. 
 8. [THIS PARAGRAPH
INTENTIONALLY DELETED] 
  

 - 3 - 

 9. CHANGE OF CONTROL. 
 a. For purposes of this Agreement, the term “Change of Control” shall mean: 
 i. The acquisition, other than from the Company, by any individual, entity or group (within the meaning of §13(d)(3) or
§14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule l3d-3 promulgated under the Exchange Act) (any of the foregoing described in this Paragraph
hereafter a “Person”) of 30% or more of either (a) the then outstanding shares of Capital Stock of the Company (the “Outstanding Capital Stock”) or (b) the combined voting power of the then outstanding voting securities
of the Company entitled to vote generally in the election of directors (the “Voting Securities”), provided, however, that any acquisition by (x) the Company or any of its subsidiaries, or any employee benefit plan (or related trust)
sponsored or maintained by the Company or any of its subsidiaries or (y) any Person that is eligible, pursuant to Rule l3d-l(b) under the Exchange Act, to file a statement on Schedule l3G with respect to its beneficial ownership of Voting
Securities, whether or not such Person shall have filed a statement on Schedule 13G, unless such Person shall have filed a statement on Schedule l3D with respect to beneficial ownership of 30% or more of the Voting Securities or (z) any
corporation with respect to which, following such acquisition, more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such
corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding
Capital Stock and Voting Securities immediately prior to such acquisition in substantially the same proportion as their ownership, immediately prior to such acquisition, of the Outstanding Capital Stock and Voting Securities, as the case may be,
shall not constitute a Change of Control; or 
 ii. Individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board, provided that any individual becoming a director subsequent to the date hereof whose election or nomination for election by the Company’s
shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of the Directors of the Company (as such terms are used in Rule l4a-ll of Regulation l4A, or any successor section,
promulgated under the Exchange Act); or 
 iii. Approval by the shareholders of the Company of a reorganization, merger or
consolidation (a “Business Combination”), in each case, with respect to which all or substantially all holders of the Outstanding Capital Stock and Voting 

  

 - 4 - 

 
Securities immediately prior to such Business Combination do not, following such Business Combination, beneficially own, directly or indirectly, more than
60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from
Business Combination; or 
 iv. (a) A complete liquidation or dissolution of the Company or (b) a sale or other
disposition of all or substantially all of the assets of the Company other than to a corporation with respect to which, following such sale or disposition, more than 60% of, respectively, the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors is then owned beneficially, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Capital Stock and Voting Securities immediately prior to such sale or disposition in substantially the same proportion as their ownership of the Outstanding Capital Stock and Voting Securities, as the case
may be, immediately prior to such sale or disposition. 
 10. DISABILITY. 
 For purposes of this Agreement, “disability” is defined to mean that, as a result of Peterson’s incapacity due to physical or mental
illness: 
 a. Peterson shall have been absent from his duties as an officer of the Company on a substantially full-time basis
for six (6) consecutive months; and 
 b. Within thirty (30) days after the Company notifies Peterson in writing
that it intends to replace him, Peterson shall not have returned to the performance of his duties as an officer of the Company on a full-time basis. 
 11. INDEMNIFICATION. If litigation shall be brought, in the event of breach or to enforce or interpret any provision contained herein, the non-prevailing party shall indemnify the prevailing party for
reasonable attorney’s fees (including those for negotiations, trial and appeals) and disbursements incurred by the prevailing party in such litigation, and hereby agrees to pay prejudgment interest on any money judgment obtained by the
prevailing party calculated at the generally prevailing NationsBank of Florida, N.A. base rate of interest charged to its commercial customers in effect from time to time from the date that payment(s) to him should have been made under this
Agreement. Additionally, the Company shall indemnify and hold harmless Peterson from any and all liabilities and claims which arise out of his employment with the Company in conformance with the laws of the State of Nevada and/or the Articles of
Incorporation and Bylaws of the Company. 
  

 - 5 - 

 12. CONFIDENTIALITY. 
 a. Nondisclosure. Peterson acknowledges and agrees that the Confidential Information (as defined below) is a
valuable, special and unique asset of the Company’s business. Accordingly, except in connection with the performance of his duties hereunder, Peterson shall not at any time during or subsequent to the term of his employment hereunder disclose,
directly or indirectly, to any person, firm, corporation, partnership, association or other entity any proprietary or confidential information relating to the Company or any information concerning the Company’s financial condition or prospects,
the Company’s customers, the design, development, manufacture, marketing or sale of the Company’s products or the Company’s methods of operating its business (collectively “Confidential Information”). Confidential
Information shall not include information which, at the time of disclosure, is known or available to the general public by publication or otherwise through no act or failure to act on the part of Peterson. 
 b. Return of Confidential Information. Upon termination of Peterson’s employment, for whatever reason and
whether voluntary or involuntary, or at any time at the request of the Company, Peterson shall promptly return all Confidential Information in the possession or under the control of Peterson to the Company and shall not retain any copies or other
reproductions or extracts thereof. Peterson shall at any time at the request of the Company destroy or have destroyed all memoranda, notes, reports, and documents, whether in “hard copy” form or as stored on magnetic or other media, and
all copies and other reproductions and extracts thereof, prepared by Peterson and shall provide the Company with a certificate that the foregoing materials have in fact been returned or destroyed. 
 c. Books and Records. All books, records and accounts whether prepared by Peterson or otherwise coming into
Peterson’s possession, shall be the exclusive property of the Company and shall be returned immediately to the Company upon termination of Peterson’s employment hereunder or upon the Company’s request at any time. 
 13. INJUNCTION/SPECIFIC PERFORMANCE SETOFF. Peterson acknowledges that a breach of any of the provisions of Paragraph 12 hereof would result in
immediate and irreparable injury to the Company which cannot be adequately or reasonably compensated at law. Therefore, Peterson agrees that the Company shall be entitled, if any such breach shall occur or be threatened or attempted, to a decree of
specific performance and to a temporary and permanent injunction, without the posting of a bond, enjoining and restraining such breach by Peterson or his agents, either directly or indirectly, and that such right to injunction shall be cumulative to
whatever other remedies for actual damages to which the Company is entitled. Peterson further agrees that the Company may set off against or recoup from any amounts due under this Agreement to the extent of any losses incurred by the Company as a
result of any breach by Peterson of the provisions of Paragraph 12 hereof. 
 14. SEVERABILITY. Any provision in this Agreement that
is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating or affecting the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  

 - 6 - 

 15. SUCCESSORS. This Agreement shall be binding upon Peterson and inure to his and his
estate’s benefit, and shall be binding upon and inure to the benefit of the Company and any permitted successor of the Company. Neither this Agreement nor any rights arising hereunder may be assigned or pledged by Peterson or anyone claiming
through Peterson; or by the Company, except to any corporation which is the successor in interest to the Company by reason of a merger, consolidation or sale of substantially all of the assets of the Company. The foregoing sentence shall not be
deemed to have any effect upon the rights of Peterson upon a Change of Control. 
 16. CONTROLLING LAW. This Agreement shall in all
respects be governed by, and construed in accordance with, the laws of the State of Nevada. 
 17. NOTICES. Any notice required or
permitted to be given hereunder shall be written and sent by registered or certified mail, telecommunicated or hand delivered at the address set forth herein or to any other address of which notice is given: 
  

			
	 To the Company:
	  	 Quepasa Corporation
 410 N. 44th Street, Suite 450
 Phoenix, AZ
85008
 Attention: Chairman

		
	 To Peterson:
	  	 Jeffrey Peterson
 Current Home
Adress

 18. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties
hereto on the subject matter hereof and supersedes applicable prior agreements and understanding, both written and oral, among the parties, and may not be modified without the written agreement of both parties hereto. 
 19. WAIVER. A waiver by any party of any of the terms and conditions hereof shall not be construed as a general waiver by such party. 

20. COUNTERPARTS. This Agreement may be executed in counterparts each of which shall be deemed an original and both of which together shall
constitute a single agreement. 
 21. INTERPRETATION. In the event of a conflict between the provisions of this Agreement and any
other agreement or document defining rights and duties of Peterson or the Company upon Peterson’s termination, the rights and duties set forth in this Agreement shall control. 
 22. CERTAIN LIMITATIONS ON REMEDIES. The remedies provided to Peterson under this Agreement shall constitute the sole and exclusive remedies of
Peterson with respect to the subject matter of this Agreement. 
 23. SURVIVAL. The provisions of this Agreement shall survive the
expiration or early termination of this Agreement. 
 SIGNATURE PAGE FOLLOWS 
  

 - 7 - 

 IN WITNESS WHEREOF, this Employment Agreement has been executed by the parties as of the date first above
written. 
  

					
	QUEPASA CORPORATION
			
	By:	 	  	 	  
		 	 Name:
	 	  
		 	 Title:
	 	  
	
	  
	 Jeffrey Peterson

  

 - 8 -Employment Agreement, dated July 19, 2004

 Exhibit 10.24 
  
 SEQUENOM INC. 
  
 EMPLOYMENT AGREEMENT 
  
 This Agreement is entered into between Sequenom, Inc. a Delaware corporation (the “Company”) and Clarke Neumann (the “Employee”) on
July 19, 2004 (the “Effective Date”). In consideration of, and as a condition of Employee’s continued employment by Company, and of the compensation to be paid to Employee by Company, and in recognition of the fact that Employee
will have access to the Company’s confidential, proprietary, and trade secret information, Company and Employee agrees to the terms and conditions set forth in this agreement as follows: 
  
 1. Employment Status. Employee has the position of General Counsel and
will perform for the Company such duties as may be designated by the Company from time to time. Employee agrees that Employee’s employment with the Company is on an at will basis, is for no specified term and may be terminated by the Company at
any time, with or without Cause (as defined in Section 10(c) herein) in accordance with section 10 of this agreement. Similarly, Employee may terminate employment with the Company at any time, for any reason upon written notice as provided in
section 10 of this agreement. Employee understands and agrees that the at will nature of Employee’s employment relationship with Company cannot be changed or modified, except by a written agreement signed by the Chief Financial Officer.

  
 2. Duties of Employee. Employee shall report to the
Chief Financial Officer and shall have overall responsibility for the management, direction, and operations of the legal and intellectual property functions of the company. Employee shall perform such other duties and have such other
responsibilities as may be assigned to Employee from time to time by the Chief Financial Officer of the Company. 
  
 3. Loyalty/Covenant not to Compete 
  
 3.1 Loyalty. As long as Employee is employed by the Company, Employee shall devote full time and efforts to the Company and shall not, without the
Company’s prior expressed written consent, engage directly or indirectly in any employment, consulting or business activity other than for the Company. While employed by the Company, Employee will not engage in other employment without the
Company’s consent, or engage in any activities determined by the Company to be detrimental to the interests of the Company. Employee will refer to the Company, all corporate opportunities Employee learns of as a result of service of an employee
of the Company. 
  
 3.2 Agreement not to Participate in
Company’s Competitors. During the Term of this Agreement, and during any period during which Employee is receiving compensation or any other consideration from the Company, including severance pay pursuant to Section 10(d) herein, the
Employee agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by Employee to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise or in any
company, person or entity that is, directly or indirectly, in competition with the business of the Company or any of its affiliates. Ownership by the Employee, as a passive investment, of less than two percent (2%) of the outstanding shares of
capital stock of any corporation with one or more classes of its capital stock listed on a national securities exchange or publicly traded on the Nasdaq Stock Market or in the over-the-counter market shall not constitute a breach of this paragraph.

  
 4. Compensation and Benefits. 
  
 (a) Employee’s compensation as General Counsel shall
have the following components: (i) base salary at the rate of $200,000 per year, less standard deductions and withholdings, payable in accordance with the Company’s standard payroll policy. 

 (b) The Company has previously granted to Employee stock options to purchase up to
100,000 shares of the common stock of the Company (incentive stock options), $0.001 par value per share. The exercise price for any future stock options granted to Employee shall be at least equal to the fair market value, as determined by the Board
of Director, of the common stock of the Company on the date of grant of such option. The stock options shall be vested as described in the individual grant option agreement; provided, however, that in the event all, or substantially all, of the
assets of Sequenom, or a majority of the corporate shares of Sequenom, are acquired by another business or by an individual, then all remaining unexercised stock options previously granted to Employee shall become 100% vested as of the effective
date of the acquisition. 
  
 (c) Employee shall
be entitled to participate in such employee benefit plans and to receive such other fringe benefits as are customarily afforded Company employees. Employee understands that, except when prohibited by applicable law, the Company’s employee
benefit plans and fringe benefits may be amended, enlarged, diminished or terminated by the Company from time to time, in its sole discretion. 
  
 (d) Upon submission of itemized expense statements in the manner specified by Company, the Company will pay Employee’s reasonable
travel and other reasonable business expenses incurred by Employee in the furtherance of and in connection with Employee’s employment hereunder. 
  
 5. Employee’s Performance. 
  
 (a) Employee shall use best efforts to perform assigned duties diligently, loyally, conscientiously, and with reasonable skill, and shall
comply with all rules, procedures and standards promulgated from time to time by the Company. Among such rules, procedures and standards are those governing ethical and other professional standards for dealing with customers, government agencies,
vendors, competitors, consultants, fellow employees, and the public-at-large; security provisions designed to protect Company property and the personal security of Company employees; rules respecting attendance, punctuality, and hours of work; and,
rules and procedures designed to protect the confidentiality of the Company’s proprietary/trade secret information. The Company agrees to make reasonable efforts to inform Employee of such rules, standards and procedures as are in effect from
time to time. 
  
 (b) The employment relationship
between the Parties shall be governed by the policies and practices established by the Company and its Board of Directors. The Employee will acknowledge in writing that he has read the Company’s Employee Handbook, which will govern the terms
and conditions of his employment with the Company, along with this Agreement. In the event that the terms of this Agreement differ from or are in conflict with the Company’s policies or practices or the Company’s Employee Handbook, this
Agreement shall control. 
  
 (c) Employee hereby
represents and warrants (i) that Employee has the full right to enter into this Agreement and perform the services required of hereunder, without any restriction whatsoever, (ii) that in the course of performing services hereunder,
Employee will not violate the terms or conditions of any agreement between Employee and any third party or infringe or wrongfully appropriate any patents, copyrights, confidential information, trade secrets or other intellectual property rights of
any person or entity anywhere in the world, (iii) that listed on Exhibit A to this Agreement are the names of all third parties with whom Employee has entered into employment or employment confidentiality agreements, and (iv) Employee
shall provide a copy of each such agreement referenced herein to Company. It is the understanding of both the Company and the Employee that the Employee shall not divulge to the Company and/or its subsidiaries any confidential information or trade
secrets belonging to others, including the Employee’s former employers, nor shall the Company and/or its affiliates seek to elicit from the Employee any such information. Consistent with the foregoing, the Employee shall not provide to
the Company and/or its affiliates, and the Company and/or its affiliates shall not request, any documents or copies of documents containing such information. 
  
  

 2 

 6. Company’s Management Rights. The Company retains its full management prerogatives and
discretion to manage and direct its business affairs, including the adoption, amendment or modification of research, development, production or marketing decisions as it sees fit, notwithstanding any individual interest in, or expectation, Employee
may have regarding a particular business program or product. 
  
 7. Nondisclosure of Confidential, Proprietary or Trade Secret Information. The Employee has previously executed a Proprietary Information & Inventions Agreement (the “Proprietary Information and Inventions
Agreement”) as a condition of employment. The termination of employment shall not release the Employee from Employee’s obligations under the Employee’s Proprietary Information & Inventions Agreement or as established by
applicable laws or Company policies. 
  
 8. No Solicitation of
Customers or Employees. Employee acknowledges that the Company has invested substantial time, effort and expense in compiling its confidential, proprietary and trade secret information and in assembling its present staff of personnel. In order
to protect the business value of the Company’s confidential, proprietary and trade secret information, during Employee’s employment with the Company and for one year immediately following the termination of that employment with the
Company: 
  
 (a) Employee agrees that information
regarding all customers and all prospective customers of the Company, of which Employee learns during Employee’s employment with the Company, is Proprietary Information of the Company as defined in the Proprietary Information &
Inventions Agreement. 
  
 (b) Employee agrees not
to, either directly or indirectly, solicit business, as to products or services competitive with those of the Company, from any of the Company’s customers or prospective customers with whom Employee had contact during employment with the
Company. 
  
 (c) Employee agrees not to, directly
or indirectly, induce or solicit any of the Company’s employees to leave their employment with the Company. 
  
 9. Return of Property. Upon the termination of Employee’s employment with the Company, or at any other time upon request of the Company,
Employee shall promptly return any and all customer or prospective customer lists, other customer or prospective customer information or related materials, formulas, computer data and programs, specifications, drawings, blueprints, data storage
devices, reproductions, sketches, notes, memoranda, reports, records, proposals, business plans, or copies of them, other documents, materials, tools, equipment, and all other property belonging to the Company or its customers which Employee then
possesses. Employee further agrees, that upon termination of employment, Employee shall not take any documents or data of any description containing or pertaining to the Company’s Proprietary Information or Inventions, as those terms are
defined in the Proprietary Information & Inventions Agreement. Upon leaving the Company’s employment, Employee agrees to sign a Termination Certificate confirming that Employee has complied with the requirements of this Section of the
Agreement and that Employee is aware that certain restrictions imposed by this Agreement continue after termination of Employee’s employment. Employee further understands, however, that Employee’s continuing obligations under the
Proprietary Information & Inventions Agreement will continue even if Employee does not sign a Termination Certificate. 
  
 10. Termination. Employee’s employment hereunder shall terminate upon the occurrence of any of the following events: 
  
 (a) The death or legal incapacity of Employee. 

 
 (b) Written notice of termination from the Company to
Employee as a result of Employee’s incapacity or inability to further perform services as contemplated herein for a period aggregating 90 days or more within any six-month period, because Employee’s physical or mental health has become so
impaired as to make it impossible or impractical for Employee to perform the duties and responsibilities contemplated hereunder. 
  
  

 3 

 (c) Written termination notice from the Company to Employee of Employee’s employment
termination by the Company for Cause (as hereafter defined). The Company shall have “Cause” for termination of Employee’s employment if any of the following occur: 
  

	 	i.	Employee is convicted of, or pleaded guilty or nolo contendere to, any felony, or any lesser crime or offense having as its predicate element fraud or dishonesty;

  

	 	ii.	Employee misappropriates, steals or converts any of the property of the Company; 

  

	 	iii.	Employee knowingly and willfully perpetrates any act or omission which submits the Company to criminal liability, or knowingly and willfully causes the Company to commit a material
violation of local, state or federal laws, rules or regulations; 

  

	 	iv.	Employee breaches any provision of this Agreement or the Proprietary Information & Inventions Agreement; 

  

	 	v.	Employee breaches any provision of any other agreement between Employee and the Company and such breach has a material adverse effect on the Company or any of its direct or indirect
subsidiaries; 

  

	 	vi.	Employee fails or refuses to perform assigned duties and such failure or refusal continues for a period of 10 days following written notice from the Company; or

  

	 	vii.	Employee’s violation of any material Company policy, including, but not limited to, the Insider Trading Policy. 

  
 (d) Written notice from the Company to Employee that
Employee’s employment is being terminated without Cause; or 
  
 (e) Employee’s written notice of resignation to the Company. Employee agrees to provide Company with four weeks notice of Employees’ intent to resign and Employee’s resignation shall not become
effective until the end of that four week notice period unless Employee and Company mutually agree otherwise. 
  
 11. Payment After Termination. Following termination of Employee’s employment, all payments and benefits provided to Employee under this
Agreement shall cease as of the date of such termination, except that in the event Employee’s employment is terminated by the Company pursuant to Section 10(d), then for the “Severance Pay Period” (as hereafter defined) upon the
Employee’s delivery to the Company of a Release and Waiver of claims in the form attached hereto as Exhibit B: (i) the Company shall pay Employee severance pay at an annual rate equal to Employee’s most recent base salary, less
standard deductions and withholdings, such payments to be made at the same time as Employee’s salary otherwise would have been payable, and (ii) if the Employee elects continued coverage under COBRA, the Company will reimburse Employee for
the same portion of Employee’s health insurance premiums for Employee and Employee’s family, to the same extent the Company paid those premiums during Employee’s employment. The term “Severance Pay Period” shall mean the
period commencing on the effective date of the termination of Employee’s employment under Section 10 and ending on the earlier to occur of: i) Employee’s commencement of employment for another employer, or ii) six months subsequent to
the date of Employee’s termination. During the “Severance Pay Period,” Employee will be available to consult with the Company without the payment of additional compensation by the Company as provided in Section 12 herein, and
Employee will promptly notify the Company if Employee commences employment with another employer. 
  

 4 

 12. CONSULTING. In exchange for the promises and covenants set forth herein,
Employee and the Company agree that during the Severance Pay Period, Employee shall serve as an independent contractor consultant, subject to the terms herein. 
  

	 	(a)	Consulting Services. During the Severance Pay Period, Employee shall be available for up to ten (10) hours per month to consult with the Company in the areas of
Employee’s expertise, as requested by the Company’s CEO or CFO. Employee’s consulting services shall be performed via telephone, computer communications, or facsimile unless Employee is specifically requested, with reasonable advance
notice, to come to Company premises; and Employee will not have an office on Company premises during the Consulting Period. 

  

	 	(b)	No Agency or Employment Relationship. During the Severance Pay Period, Employee will not be considered an agent or an employee of the Company; Employee will not have
authority to make any representation, contract, or commitment on behalf of the Company and Employee agrees not to do so; and Employee will not be entitled to any of the benefits which the Company may make available to its employees, such as group
insurance, profit sharing, or retirement benefits. 

  

	 	(c)	Other Work Activities. During the Severance Pay Period, Employee may engage in employment, consulting or other work relationships in addition to Employee’s work for the
Company, provided that Employee complies with Section 3.2 herein. The Company agrees to make reasonable arrangements to enable Employee to perform Employee’s consulting services for the Company at such times and in such a manner so that it
does not unreasonably interfere with other work activities in which Employee may engage. 

  

	 	(d)	Consulting Information. Employee agrees not to use or disclose any confidential or proprietary information of the Company which Employee obtains or develops in the course of
performing Employee’s consulting services for the Company, without prior written authorization from a duly authorized representative of the Company. 

  
 13. Termination of Company’s Obligation. Notwithstanding any provisions in this Agreement to the contrary,
including any provisions contained in Section 11 or Section 12, the Company’s obligations, and the Employee’s rights, pursuant to Section 11 and Section 12 shall cease and be rendered a nullity immediately should the
Employee violate the provisions of Sections 3.2, 7, 8 and/or 9 herein and/or the Proprietary Information and Inventions Agreement. 
  
 14. Arbitration. The Company and Employee agree that any controversy or claim arising out of or relating to this Agreement or the Company’s
employment of Employee (including, but not limited to claims arising under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the California Fair Employment and Housing Act, the
California Labor Code, the California Constitution or any other federal, state or local statutes or common law) or any dispute arising out of the interpretation or application of this Agreement, which the Company and Employee are unable to resolve,
shall be finally resolved and settled exclusively by arbitration in San Diego, California by a single arbitrator who is mutually selected by the Company and Employee. If the Company and Employee cannot agree upon an arbitrator, then each party shall
choose its own independent representative and those independent representatives shall in turn choose the single arbitrator within thirty days of the date of the selection of the first independent representative. 
  
 15. Miscellaneous. 
  
 (a) Entire Agreement. This Agreement, including
Exhibits A and B hereto, represents the Company’s and Employee’s entire understanding with respect to the subject matter contained in this Agreement and supersedes all previous understandings, written or oral (with the exception of the
Proprietary Information and Inventions Agreement) between the Company and Employee concerning the subject matters of this Agreement. This Agreement may be amended or modified only with the signed written consent of both the Company and Employee. No
oral waiver, amendment or modification shall be effective under any circumstances whatsoever. 
  

 5 

 (b) Survival of Certain Sections. Sections 3.2, 7, 8, 9, 11, 12, 13, 14, 15 of
this Agreement and the Proprietary Information & Inventions Agreement shall remain in effect after the termination of Employee’s employment by the Company, regardless of the reason the employment relationship ends. 
  
 (c) Assignment and Binding Effect. This Agreement
shall be binding upon and inure to the benefit of the Executive and the Executive’s heirs, executors, personal representatives, assigns, administrators and legal representatives. Because of the unique and personal nature of the Executive’s
duties under this Agreement, neither this Agreement nor any rights or obligations under this Agreement shall be assignable by the Executive. This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns and
legal representatives. 
  
 (d)
Severability. Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired
thereby. 
  
 (e) Injunctive Relief.
Employee recognizes that money damages alone would not adequately compensate the Company in event of any breach by Employee of Sections 3, 7, 8 and/or the Proprietary Information & Inventions Agreement. Therefore, Employee agrees that, in
addition to all other remedies available to the Company at law, in equity, or otherwise, the Company shall be entitled to injunctive relief to restrain any breach of said Sections and to enforce the provisions hereof, without showing or proving any
actual damage to the Company or posting any bond. 
  
 (f) Non-Waiver. No failure by the Company to insist upon strict compliance with any of the terms, covenants, or conditions hereof, and no delay or omission by the Company in exercising any right under this Agreement, will operate as
a waiver of such terms, covenants, conditions or rights. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion. 

 
 (g) Governing Law/Venue. This Agreement shall be
governed in all respects by the laws of the United States of America and by the laws of the State of California. The parties agree that the venue for any dispute under this Agreement will be San Diego California, whether in a court of law or before
an arbitrator, as provided herein. The Company and Employee severally recognize and consent to the jurisdiction over each of them by the courts of the state of California. 
  
 (h) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be
delivered as follows with notice deemed given as indicated: (1) by personal delivery when delivered personally; (2) by overnight courier upon written verification of receipt; (3) by telecopy or facsimile transmission upon
acknowledgment of receipt of electronic transmission; or (4) by certified or registered mail, return receipt requested, upon verification of receipt. Notices to the Employee shall be sent to the last known address in the Company’s records
or such other address as the Employee may specify in writing. Notices to the Company shall be sent to the Company’s Chief Executive Officer to such other Company representative as the Company may specify in writing. 
  
 (i) Advertising waiver. The Employee agrees to permit
the Company and/or its affiliates, and persons or other organizations authorized by the Company and/or its affiliates, to use, publish and distribute advertising or sales promotional literature concerning the products and/or services of the Company
and/or its affiliates, or the machinery and equipment used in the provision thereof, in which the Employee’s name and/or pictures of the Employee taken in the course of the Employee’s provision of services to the Company and/or its
affiliates, appear. The Employee hereby waives and releases any claim or right the Employee may otherwise have arising out of such use, publication or distribution. 
  

 6 

 BY PLACING MY SIGNATURE HEREUNDER, I ACKNOWLEDGE THAT I HAVE READ ALL THE PROVISIONS OF THIS AGREEMENT AND THAT I
AGREE TO ALL OF ITS TERMS. 
  

					
		
	 	 	 EMPLOYEE:

		
	 Date: July 27, 2004
	 	 Clarke Neumann

		
	 	 	 /s/    CLARKE NEUMANN

 Employee’s Signature

	 	 	 Address:                                     
                                        
                    
                                       
                                        
                                    

	 	 	 Accepted:

  

					
	 Date:July 27, 2004
	 	SEQUENOM, INC.
			
	  	 	 By:
	 	 /s/    STEVE ZANIBONI

	 	 	 Title: Chief Financial Officer

  

 7 

 EXHIBIT A 
  

PRIOR EMPLOYMENT OR CONFIDENTIALITY AGREEMENTS 
  
 LIST OF THE NAMES OF ALL THIRD PARTIES WITH WHOM EMPLOYEE HAS ENTERED INTO EMPLOYMENT OR EMPLOYMENT CONFIDENTIALITY AGREEMENTS, EMPLOYEE PRIOR TO
BEGINNING EMPLOYMENT WITH COMPANY. 
  

	 	A.	The following lists all are the names of all third parties with whom Employee has entered into employment or employment confidentiality agreements. 

  
 None 
  

	            	Additional sheets attached 

  
 DATED: July 27, 2004     
  
 EMPLOYEE: /s/    CLARKE
NEUMANN         

 EXHIBIT B 
  

RELEASE AND WAIVER OF CLAIMS 
  
 In consideration of the payments and other benefits set forth in Section 11 of the Employment Agreement dated July 19, 2004, to which
this form is attached, I, Clarke Neumann, hereby furnish SEQUENOM (the “Company”), with the following release and waiver (“Release and Waiver”). 
  
 I hereby release, and forever discharge the Company, its officers, directors, agents, employees, stockholders, successors,
assigns, affiliates, parent, subsidiaries, and Benefit Plans, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys’ fees, damages, indemnities and obligations of every kind and nature, in law,
equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising at any time prior to and including my employment Termination Date with respect to any claims relating to my employment and the termination of my
employment, including but not limited to, claims pursuant to any federal, state or local law relating to employment, including, but not limited to, discrimination claims, claims under the California Fair Employment and Housing Act, and the Federal
Age Discrimination in Employment Act of 1967, as amended (“ADEA”), or claims for wrongful termination, breach of the covenant of good faith, contract claims, tort claims, and wage or benefit claims, including but not limited to, claims for
salary, bonuses, commissions, stock, stock options, vacation pay, fringe benefits, severance pay or any form of compensation. 
  
 I also acknowledge that I have read and understand Section 1542 of the California Civil Code which reads 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.” I hereby expressly waive and
relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to any claims I may have against the Company. 
  
 I acknowledge that, among other rights, I am waiving and releasing any rights I may have under ADEA, that this Release and
Waiver is knowing and voluntary, and that the consideration given for this Release and Waiver is in addition to anything of value to which I was already entitled as an executive of the Company. I further acknowledge that I have been advised, as
required by the Older Workers Benefit Protection Act, that: (a) the Release and Waiver granted herein does not relate to claims which may arise after this Release and Waiver is executed; (b) I have the right to consult with an attorney
prior to executing this Release and Waiver (although I may choose voluntarily not to do so); and if I am over 40 years of age upon execution of this Release and Waiver: (c) I have twenty-one (21) days from the date of termination of my
employment with the Company in which to consider this Release and Waiver (although I may choose voluntarily to execute this Release and Waiver earlier); (d) I have seven (7) days following the execution of this Release and Waiver to revoke
my consent to this Release and Waiver; and (e) this Release and Waiver shall not be effective until the seven (7) day revocation period has expired. 
  

					
			
	 Date: 
	 	 By:
	 	  
	 	 	 	 	Clarke Neumann

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]