Document:

EX-10.2

Exhibit 10.2

GENTA INCORPORATED

NOTE AMENDMENT

     This Note Amendment (the “Amendment”) is made and entered into as of March 9, 2009 by and
among Genta Incorporated, a Delaware corporation (the “Company”), and the
Purchasers listed on the Schedule of Purchasers attached hereto as Exhibit A (each, a “Purchaser”
and collectively, the “Purchasers”). This Amendment amends each of the Senior Secured
Convertible Promissory Notes due June 9, 2010 (the “Notes”) issued pursuant to that certain
Securities Purchase Agreement, dated as of June 5, 2008, by and among the Company and the
purchasers named therein (the “Purchase Agreement”). Capitalized terms used but not defined herein
shall have the meanings ascribed to such terms in the Purchase Agreement.

     Whereas, pursuant to Section 1.2 of the Notes, the Company desires to pay the Purchasers
interest in shares of the Company’s Common Stock;

     Whereas, the Notes state that, if the Company decides to pay the Purchasers interest
in shares of the Company’s Common Stock, such shares must be Tradable shares (as defined in the
Notes);

     Whereas, on January 26, 2009, the Securities and Exchange Commission (“SEC”) updated
it’s Compliance and Disclosure Interpretations (“CD&Is”) such that the holding period of the Notes
may not be tacked to the holding period of the shares received as interest prior to the conversion
of the Notes, in determining whether the Rule 144(d)(l) holding period requirement has been
satisfied in regard to such shares;

     Whereas, as a result of the update by the SEC to it’s CD&Is, the shares of the
Company’s Common Stock to be issued as payment of interest on March 9, 2009 will not be Tradable;
and

     Whereas, the Purchasers and the Company desire to amend the Notes for the Interest Payment
Date on March 9, 2009 to permit the Company to pay the Purchasers interest in the form of a new
note with the same terms and conditions as the Notes.

     Now, Therefore, in consideration of the premises and mutual covenants herein below, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

1. Amendment of the Notes.

     1.1 The parties hereby amend Section 1.2 to add the following sentence to the end of Section
1.2 of each Note as follows:

     “Notwithstanding the foregoing, for the Interest Payment Date on March 9,
2009, the Maker may pay interest on this Note in the form of a new note with the
same terms and conditions as provided herein with an aggregate principal amount
equal to the accrued and unpaid interest for such Interest Payment Date.”

2. Miscellaneous.

     2.1 Governing Law. This Amendment shall be governed by and construed in accordance

 

 

with the internal laws of the State of New York, without giving effect to any of the conflicts of
law principles which would result in the application of the substantive law of another
jurisdiction. This Amendment shall not be interpreted or construed with any presumption against
the party causing this Agreement to be drafted.

     2.2 Full Force and Effect. Except as expressly amended by this Amendment, the terms
and conditions of the Purchase Agreement and the Notes remain in full force and effect.

     2.3 Conflict of Terms. In the event of a conflict between this Amendment and any provision
of any of the Purchase Agreement or the Notes, the terms of this Amendment shall control.

     2.4 Counterparts; Effectiveness. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument. The
provisions of
Section I hereof shall become effective immediately when counterpart signature pages to
this
Amendment have been executed and delivered to the Company by (y) the Company and (z) holders
of all
outstanding Notes. All parties need not sign the same counterpart signature page.
Execution by
facsimile shall have the same effect as an original signature.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

 

     In Witness Whereof, the parties hereto have executed this Note Amendment as of the
date set forth in the first paragraph hereof.

	 	 	 	 	 
	 	GENTA INCORPORATED

 	 
	 	By:  	/s/ Raymond P. Warrell
 	 
	 	 	Name:  	Raymond P. Warrell, Jr., M.D. 	 
	 	 	Title:  	Chairman and Chief Executive Officer 	 
	 

[SIGNATURE PAGES CONTINUE]

[Signature Page to Note Amendment]

 

 

Exhibit A

Schedule of Purchasers

	 	 	 	 	 
	Name	 	Note #
	 
	 	 	 	 
	Arcus Ventures Fund
	 	 	1	 
	667-2 (Baker)
	 	 	2	 
	667-1 (Baker)
	 	 	3	 
	14159, L.P. (Baker)
	 	 	4	 
	Baker Brothers Life Sciences, L.P.
	 	 	5	 
	Boxer Capital, LLC
	 	 	6	 
	Cat Trail Private Equity Fund, LLC
	 	 	9	 
	Loretta Itri
	 	 	16	 
	Radcliffe SPC, Ltd
	 	 	20	 
	Raymond P. Warrell, Jr.
	 	 	21	 
	Raymond P. Warrell, Jr.
	 	 	26	 
	Rockmore Investment Master Fund Ltd.
	 	 	22	 
	Rodman & Renshaw LLC
	 	 	23	 
	Tang Capital Partners, LP
	 	 	25exv10w34

EXHIBIT 10.34

AMENDMENT NO. 1 TO CREDIT AGREEMENT

     THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”) is made as of January 26,
2009, by and among AMB PROPERTY, L.P., a Delaware limited partnership (the “Borrower”), AMB
PROPERTY CORPORATION, as Guarantor (the “Guarantor”), the BANKS listed on the signature
pages hereof, JPMORGAN CHASE BANK, N.A., as Administrative Agent, SUMITOMO MITSUI BANKING
CORPORATION, as Syndication Agent, J.P. MORGAN SECURITIES INC. and SUMITOMO MITSUI BANKING
CORPORATION, as Joint Lead Arrangers and Joint Bookrunners, and HSBC BANK USA, NATIONAL ASSOCIATION
and U.S. BANK NATIONAL ASSOCIATION, as Documentation Agents.

W I T N E S S E T H:

     WHEREAS, the Borrower and the Banks have entered into the Credit Agreement, as of March 27,
2008 (the “Credit Agreement”); and

     WHEREAS, the parties desire to modify the Credit Agreement upon the terms and conditions set
forth herein.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties do hereby agree as follows:

     1. Definitions. All capitalized terms not otherwise defined herein shall have the
meanings ascribed to them in the Credit Agreement.

     2. Applicable Margin. The grid in the definition of “Applicable Margin” is hereby
deleted and the following substituted therefor:

	 	 	 	 	 	 	 	 	 
	Range of	 	Applicable	 	 
	Borrower's	 	Margin for	 	Applicable
	Credit Rating	 	Base Rate	 	Margin for Euro
	(S&P/Moody’s	 	Loans	 	Dollar Loans
	Ratings)	 	(% per annum)	 	(%
per annum)
	<BBB-/Baa3 or unrated

	 	 	1.00	 	 	 	2.750	 
	BBB-/Baa3

	 	 	0.00	 	 	 	1.425	 
	BBB/Baa2

	 	 	0.00	 	 	 	1.175	 
	BBB+/Baa1

	 	 	0.00	 	 	 	1.000	 
	A-/A3 or better

	 	 	0.00	 	 	 	0.925	 

     3. Extension Option. Section 2.10(b)(iii) is hereby deleted and the following
substituted therefor: “(iii) intentionally omitted”.

     4. Effective Date. This Amendment shall become effective upon receipt by the
Administrative Agent of counterparts hereof signed by the Borrower and the Majority Banks (the date
of such receipt being deemed the “Effective Date”).

     5. Representations and Warranties. Borrower hereby represents and warrants that as of
the Effective Date, all the representations and warranties set forth in the Credit Agreement, as
amended hereby (other than representations and warranties which expressly speak as of a different
date), are true and complete in all material respects.

     6. Entire Agreement. This Amendment constitutes the entire and final agreement among
the parties hereto with respect to the subject matter hereof and there are no other agreements,
understandings, undertakings, representations or warranties among the parties hereto with respect
to the subject matter hereof except as set forth herein.

     7. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the law of the State of New York.

     8. Counterparts. This Amendment may be executed in any number of counterparts, all of
which taken together shall constitute one and the same agreement, and any of the parties hereto may
execute this Amendment by signing any such counterpart.

     9. Headings, Etc. Section or other headings contained in this Amendment are for
reference purposes only and shall not in any way affect the meaning or interpretation of this
Amendment.

     10. No Further Modifications. Except as modified herein, all of the terms and
conditions of the Credit Agreement, as modified hereby shall remain in full force and effect and,
as modified hereby, the Borrower confirms and ratifies all of the terms, covenants and conditions
of the Credit Agreement in all respects.

 

 

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

	 	 	 	 	 	 	 
	BORROWER:	 	AMB PROPERTY, L.P., a Delaware limited partnership
	 
	 	 	 	 	 	 
	 	 	By:	 	AMB PROPERTY CORPORATION, a
Maryland corporation and its sole general
Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Gayle P. Starr 

	 

	 	 	 	 	 	Name: Gayle P. Starr
	 

	 	 	 	 	 	Title: Senior Vice President

FOR PURPOSES OF AGREEING TO BE

BOUND BY THE PROVISIONS OF

THIS AMENDMENT:

AMB PROPERTY CORPORATION

	 	 	 	 	 
	 	 	 
	By:  	/s/
Gayle P. Starr
 	 	 
	 	Name:  	Gayle P. Starr 	 	 
	 	Title:  	Senior Vice President 	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as Administrative

Agent and as a Bank

 	 
	 	By:  	/s/
Vanessa Chiu
 	 
	 	 	Name:  	Vanessa Chiu 	 
	 	 	Title:  	Vice President	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION, as

Syndication Agent and as a Bank

 	 
	 	By:  	/s/
William
G. Karl	 
	 	 	Name:  	William
G. Karl	 
	 	 	Title:  	General Manager	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION, as

Documentation Agent and as a Bank

 	 
	 	By:  	/s/
Jason
Alexander Huck	 
	 	 	Name:  	Jason
Alexander Huck	 
	 	 	Title:  	Vice President, Relationship Manager	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION., as

Documentation Agent and as a Bank

 	 
	 	By:  	/s/
Ben Lewis	 
	 	 	Name:  	Ben Lewis	 
	 	 	Title:  	Vice President	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF CHINA, NEW YORK BRANCH., as

a Bank

 	 
	 	By:  	/s/
William Warren Smith	 
	 	 	Name:  	William Warren Smith	 
	 	 	Title:  	Chief Lending Officer	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as a Bank

 	 
	 	By:  	/s/
Karen
Kennedy	 
	 	 	Name:  	Karen Kennedy	 
	 	 	Title:  	Vice President	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, ACTING

THROUGH ITS SAN FRANCISCO AGENCY,

as a Bank

 	 
	 	By:  	/s/
Annabella
Guo	 
	 	 	Name:  	Annabella Guo	 
	 	 	Title:  	Director

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