DAY AT OUR
OFFICE (THE "BANK'S OFFICE") AT:
,
BOSTON, MASSACHUSETTS
, ATTENTION:
OR BY FACSIMILE
TRANSMISSION AT: (617)
-
; AND SIMULTANEOUSLY UNDER TELEPHONE
ADVICE TO: (617)
-
, ATTENTION:
WITH
ORIGINALS TO FOLLOW BY OVERNIGHT COURIER SERVICE.
PAYMENT AGAINST CONFORMING PRESENTATIONS HEREUNDER SHALL BE MADE BY BANK DURING
NORMAL BUSINESS HOURS OF THE BANK'S OFFICE WITHIN ONE (1) BUSINESS DAY AFTER
PRESENTATION.
WE HEREBY AGREE WITH THE DRAWERS, ENDORSERS AND BONAFIDE HOLDERS THAT THE DRAFTS
DRAWN UNDER AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF
CREDIT SHALL BE DULY HONORED UPON PRESENTATION TO THE DRAWEE, IF NEGOTIATED ON
OR BEFORE THE EXPIRATION DATE OF THIS CREDIT.
THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS (2007 REVISION), INTERNATIONAL CHAMBER OF COMMERCE,
PUBLICATION NO. 600.
AUTHORIZED SIGNATURE
AUTHORIZED SIGNATURE
L - 3
EXHIBIT "A"
DATE: TO:
RE: STANDBY LETTER OF CREDIT
NO.
ISSUED BY ATTN:
L/C AMOUNT:
LADIES AND GENTLEMEN:
FOR VALUE RECEIVED, THE UNDERSIGNED BENEFICIARY HEREBY IRREVOCABLY TRANSFERS TO:
(NAME OF TRANSFEREE)
(ADDRESS)
ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY TO DRAW UNDER THE ABOVE LETTER OF
CREDIT UP TO ITS AVAILABLE AMOUNT AS SHOWN ABOVE AS OF THE DATE OF THIS
TRANSFER.
BY THIS TRANSFER, ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY IN SUCH LETTER OF
CREDIT ARE TRANSFERRED TO THE TRANSFEREE. TRANSFEREE SHALL HAVE THE SOLE RIGHTS
AS BENEFICIARY THEREOF, INCLUDING SOLE RIGHTS RELATING TO ANY AMENDMENTS,
WHETHER INCREASES OR EXTENSIONS OR OTHER AMENDMENTS, AND WHETHER NOW EXISTING OR
HEREAFTER MADE. ALL AMENDMENTS ARE TO BE ADVISED DIRECT TO THE TRANSFEREE
WITHOUT NECESSITY OF ANY CONSENT OF OR NOTICE TO THE UNDERSIGNED BENEFICIARY.
THE ORIGINAL OF SUCH LETTER OF CREDIT IS RETURNED HEREWITH, AND WE ASK YOU TO
ENDORSE THE TRANSFER ON THE REVERSE THEREOF, AND FORWARD IT DIRECTLY TO THE
TRANSFEREE WITH YOUR CUSTOMARY NOTICE OF TRANSFER.
SINCERELY,
(BENEFICIARY'S NAME)
SIGNATURE OF BENEFICIARY SIGNATURE AUTHENTICATED
(NAME OF BANK)
AUTHORIZED SIGNATURE
L - 4
EXHIBIT "B"
DATE:
REF. NO.
AT SIGHT OF THIS DRAFT
PAY TO THE ORDER OF
US$
USDOLLARS
DRAWN UNDER
BANK, BOSTON, MASSACHUSETTS,
STANDBY LETTER OF CREDIT NUMBER NO.
DATED
TO:
BANK
, MA
(BENEFICIARY'S NAME)
Authorized Signature
L - 5
COMMENCEMENT DATE AGREEMENT
Xenetic Bioscience Incorporated. ("Tenant") hereby certifies that it has entered
into a lease with ONE LEDGEMONT LLC ("Landlord") dated August 1st, 2013 (the
"Lease") and verifies the following information as of the 16th day of January.
Capitalized terms used, but not herein defined, shall have the meaning ascribed
in the Lease:
Address of Building:
128 Spring Street, Lexington, MA 02421 Number of
Rentable Square Feet in Premises:
3,959 r.s.f. Term Commencement Date:
January 1st, 2014 Rent Commencement Date:
February 1st, 2014 Lease
Termination Date:
January 31st, 2019 Tenant's Pro Rata Share:
2.27%
Initial Annual Rent:
$XXXXXX Option to Extend:
One (1) additional term of
five (5) Lease Years, with nine (9) months (but not more than twelve (12)
months) by unconditional written notice Initial Letter of Credit:
$XXXXXX