Mr. Manuel Henriquez c/o Orrick, Herrington & Sutcliffe LLP The Orrick Building San Francisco, CA 94105-2669 Attention: Michael D. WeilRestricted Stock Award Agreement • August 1st, 2019 • Hercules Capital, Inc. • California
Hercules Capital, Inc. (the "Company") and you have mutually agreed that you are voluntarily separating from the Company and its subsidiaries and affiliates in all capacities effective July 13, 2019 (the “Separation Date”). You and the Company mutually confirm that your separation is not as a result of any disagreement between you and the Company regarding the operations, disclosures, policies and practices of the Company and its subsidiaries and affiliates. We wish to confirm the arrangements to which you and the Company have agreed.
