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Trupanion, Inc. – ‘10-Q’ for 3/31/19 – ‘EX-10.2’

On:  Thursday, 5/2/19, at 6:16pm ET   ·   As of:  5/3/19   ·   For:  3/31/19   ·   Accession #:  1371285-19-130   ·   File #:  1-36537

Previous ‘10-Q’:  ‘10-Q’ on 11/9/18 for 9/30/18   ·   Next:  ‘10-Q’ on 7/31/19 for 6/30/19   ·   Latest:  ‘10-Q’ on 11/3/23 for 9/30/23   ·   1 Reference:  By:  Trupanion, Inc. – ‘10-K’ on 2/12/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/03/19  Trupanion, Inc.                   10-Q        3/31/19   74:5.6M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    883K 
 2: EX-10.2     Material Contract                                   HTML     34K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
13: R1          Document and Entity Information Document            HTML     41K 
14: R2          Consolidated Statement of Operations                HTML     60K 
15: R3          Consolidated Statement of Comprehensive Income      HTML     34K 
                Statement                                                        
16: R4          Consolidated Balance Sheet                          HTML    101K 
17: R5          Consolidated Balance Sheet Condensed Consolidated   HTML     40K 
                Balance Sheet Parentheticals                                     
18: R6          Consolidated Statement of Stockholders' Equity      HTML     49K 
                Statement                                                        
19: R7          Consolidated Statement of Cash Flows                HTML     89K 
20: R8          Nature of Operations and Summary of Significant     HTML     31K 
                Accounting Policies                                              
21: R9          Net Loss per Share                                  HTML     29K 
22: R10         Investment Securities (Notes)                       HTML    155K 
23: R11         Other Investments (Notes)                           HTML     26K 
24: R12         Fair Value                                          HTML     77K 
25: R13         Debt                                                HTML     26K 
26: R14         Commitment and Contingencies                        HTML     24K 
27: R15         Claims Reserve                                      HTML     79K 
28: R16         Stock-based Compensation                            HTML     62K 
29: R17         Leases (Notes)                                      HTML     39K 
30: R18         Stockholders' Equity (Notes)                        HTML     28K 
31: R19         Segments                                            HTML     63K 
32: R20         Subsequent Events (Notes)                           HTML     23K 
33: R21         Nature of Operations and Summary of Significant     HTML     48K 
                Accounting Policies (Policies)                                   
34: R22         Other Investments Investment in Variable Interest   HTML     25K 
                Entity (Policies)                                                
35: R23         Other Investments Investment in Joint Venture       HTML     24K 
                (Policies)                                                       
36: R24         Fair Value Notes Receivable (Policies)              HTML     27K 
37: R25         Fair Value Fair Value (Policies)                    HTML     24K 
38: R26         Claims Reserve Claims Reserve (Policies)            HTML     24K 
39: R27         Segments Segments (Policies)                        HTML     23K 
40: R28         Net Loss per Share (Tables)                         HTML     29K 
41: R29         Investment Securities Available-for-Sale (Tables)   HTML     95K 
42: R30         Fair Value (Tables)                                 HTML     74K 
43: R31         Claims Reserve (Tables)                             HTML     79K 
44: R32         Stock-based Compensation (Tables)                   HTML     67K 
45: R33         Stock-based Compensation Stockholder's Equity       HTML     26K 
                (Tables)                                                         
46: R34         Stock-based Compensation Follow-on Public Offering  HTML     24K 
                (Tables)                                                         
47: R35         Stockholders' Equity (Tables)                       HTML     29K 
48: R36         Segments (Tables)                                   HTML     65K 
49: R37         Nature of Operations and Summary of Significant     HTML     23K 
                Accounting Policies (Details) Narrative                          
50: R38         Net Loss per Share (Details) Schedule of            HTML     31K 
                Antidilutive Securities Excluded from Computation                
                of Earnings Per Share                                            
51: R39         Net Loss per Share Computation of Net Income        HTML     23K 
                (Loss) Per Share (Details)                                       
52: R40         Investment Securities (Details) Investment          HTML     60K 
                Schedule                                                         
53: R41         Investment Securities (Details) Available-for-Sale  HTML     33K 
54: R42         Other Investments (Details)                         HTML     33K 
55: R43         Fair Value (Details) Unobservable                   HTML     66K 
56: R44         Fair Value (Details) Narrative                      HTML     23K 
57: R45         Debt (Details) Narrative                            HTML     43K 
58: R46         Commitment and Contingencies Obligation for VIE     HTML     22K 
                (Details)                                                        
59: R47         Claims Reserve (Details) Claims Loss Roll-forward   HTML     57K 
60: R48         Claims Reserve (Details) Narrative                  HTML     38K 
61: R49         Claims Reserve Claims Reserve (Details)             HTML     66K 
62: R50         Stock-based Compensation (Details) Expense          HTML     48K 
                Category                                                         
63: R51         Stock-based Compensation (Details) Options          HTML     60K 
                Granted, Exercised and Forfeited                                 
64: R52         Stock-based Compensation Restricted Stock Awards    HTML     47K 
                (Details)                                                        
65: R53         Stock-based Compensation Stockholder Equity         HTML     37K 
                (Details)                                                        
66: R54         Leases (Details)                                    HTML     40K 
67: R55         Stockholders' Equity (Details)                      HTML     45K 
68: R56         Segments (Details) Business Segment                 HTML     44K 
69: R57         Segments (Details) Revenue by Geography             HTML     27K 
70: R58         Subsequent Events (Details)                         HTML     28K 
72: XML         IDEA XML File -- Filing Summary                      XML    131K 
12: XML         XBRL Instance -- a10-qq12019_htm                     XML   1.16M 
71: EXCEL       IDEA Workbook of Financial Reports                  XLSX     58K 
 8: EX-101.CAL  XBRL Calculations -- trup-20190331_cal               XML    160K 
 9: EX-101.DEF  XBRL Definitions -- trup-20190331_def                XML    326K 
10: EX-101.LAB  XBRL Labels -- trup-20190331_lab                     XML   1.00M 
11: EX-101.PRE  XBRL Presentations -- trup-20190331_pre              XML    624K 
 7: EX-101.SCH  XBRL Schema -- trup-20190331                         XSD    120K 
73: JSON        XBRL Instance as JSON Data -- MetaLinks              234±   361K 
74: ZIP         XBRL Zipped Folder -- 0001371285-19-000130-xbrl      Zip    213K

‘EX-10.2’   —   Material Contract

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Exhibit  


Exhibit 10.2

THIRD AMENDMENT
TO
CONSULTING AGREEMENT
This Third Amendment to Consulting Agreement (as amended from time to time, this “Amendment”) is effective as of January 1, 2019 (the “Effective Date”), by and among Trupanion Managers USA, Inc., an Arizona corporation (the “Company”) and Howard Rubin, an independent contractor of the Company (“You” or “Rubin”, and together with the Company, the “Parties”). Capitalized terms used but not defined in this Amendment have the meanings given to them in the Existing Agreement (defined below).
RECITALS
WHEREAS, the Parties have entered into a Consulting Agreement, dated May 5, 2014, as amended by the First Amendment to Consulting Agreement and the Second Amendment to Consulting Agreement (the “Existing Agreement”); and
WHEREAS, the Parties desire to, inter alia, amend the compensation payable by Company to Rubin under the Existing Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants hereinafter contained, and upon the terms and conditions set forth below, the Parties agree as follows:
1.
Amendments to Existing Agreement. As of the Effective Date, the Existing Agreement is hereby amended or modified as follows:
a.
Section 2 of the Existing Agreement is hereby amended in its entirety to read as follows:
“The Term of this Agreement shall commence on the date set forth above and will continue for an initial term through December 31, 2019, unless earlier terminated in accordance with paragraph 10.1 (the “Initial Term”). Upon the expiration of the Initial Term, this Agreement will automatically renew for additional one year terms unless either party provides notice of non-renewal prior to beginning of the new term (together, the “Term”).”
b.
Schedule 1, Section 1 of the Existing Agreement is hereby amended by inserting at the end of such Section the following new Section 1(d):
“Beginning January 1, 2019, You will be compensated an annual amount of $75,000/year for Projects. You will provide no fewer than 20 Project Days per year, as You and the Company reasonably and mutually determine appropriate.








The Fees payable will be as follows:
Month
Amount
January
 $ 6,250
February
 $ 6,250
March
 $ 6,250
April
 $ 6,250
May
 $ 6,250
June
 $ 6,250
July
 $ 6,250
August
 $ 6,250
September
 $ 6,250
October
 $ 6,250
November
 $ 6,250
December
 $ 6,250
Total
 $ 75,000

“
2.
Severability. Any term or provision of this Amendment that is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of the Existing Agreement, as modified by this Amendment, or affecting the validity or enforceability of any of the terms or provisions of the Existing Agreement, as modified by this Amendment, in any other jurisdiction. If any provision of the Existing Agreement, as modified by this Amendment, is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable.
3.
Amendment. The terms and conditions of this Amendment may be amended or waived only in writing executed by duly authorized representatives of the Parties.
4.
Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.

[signature page follows]






















IN WITNESS WHEREOF, the Parties hereto by their respective duly authorized representatives have executed this Amendment to be effective as of the Effective Date.
TRUPANION MANAGERS USA, INC., an Arizona corporation
By: /s/ Margaret Tooth
Name: Margaret Tooth    
Title: CMO
Date: March 8th 2019

HOWARD RUBIN
By: /s/ Howard Rubin
Name: Howard Rubin
Date: March 11th 2019















[Counterpart Signature Page to Third Amendment to Consulting Agreement]



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
12/31/1910-K,  4,  4/A,  DEF 14A
Filed as of:5/3/19
Filed on:5/2/194,  8-K,  UPLOAD
For Period end:3/31/194
1/1/19
5/5/14
 List all Filings 

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/12/21  Trupanion, Inc.                   10-K       12/31/20  101:12M
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