Document:

Exhibit 10.1

 

VOTING AND SUPPORT AGREEMENT

 

This VOTING AND SUPPORT AGREEMENT (this “Agreement”) is made and entered into as of April 20, 2015, by and among Vanguard Natural Resources, LLC, a Delaware limited liability company (“Parent”), each of Lime Rock Resources A, L.P., a Delaware limited partnership, Lime Rock Resources B, L.P., a Delaware limited partnership, and Lime Rock Resources C, L.P. a Delaware limited partnership (collectively, the “Unitholders” and each, a “Unitholder”), LRR Energy, L.P., a Delaware limited partnership (the “Partnership”), LRE GP, LLC, a Delaware limited liability company and the general partner of the Partnership (the “Partnership GP”), and, solely for purposes of Section 3.2, Lime Rock Management LP, a Delaware limited partnership (“Management”), Lime Rock Resources II-A, L.P., a Delaware limited partnership (“LRR II-A”), and Lime Rock Resources II-C, L.P., a Delaware limited partnership (“LRR II-C,” and, together with Management and LRR II-A, the “Non-Fund I GP Sellers”).  The parties to this Agreement are sometimes referred to herein collectively as the “parties,” and individually as a “party.” Capitalized terms used herein without definition shall have the respective meanings specified in the Merger Agreement (as defined below).

 

WHEREAS, the Unitholders, collectively, own certain common units of the Partnership (the “Common Units”, together with any other partnership interests in the Partnership or Rights with respect thereto acquired (whether beneficially or of record) by the Unitholders after the date hereof and prior to the earlier of the Closing or the termination of all of the Unitholders’ obligations under this Agreement, including any partnership interests in the Partnership or Rights acquired by means of purchase, dividend or distribution, or issued upon the exercise of any options or warrants or the conversion of any convertible securities or otherwise, being collectively referred to herein as the “Securities”);

 

WHEREAS, Parent, Lighthouse Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent (“Merger Sub”), the Unitholders, the Non-Fund I GP Sellers, the Partnership and the Partnership GP propose to enter into a Purchase Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), pursuant to which, among other things, (i) Parent will purchase all of the outstanding membership interests in the Partnership GP and (ii) Merger Sub will be merged with and into the Partnership, with the Partnership surviving as a wholly owned, directly and indirectly, Subsidiary of Parent, all upon the terms of, and subject to the conditions set forth in, the Merger Agreement (the “Merger”);

 

WHEREAS, the approval of the Merger and the Merger Agreement by the affirmative vote or consent of the holders, as of the record date for the Partnership Meeting, of at least a majority of the Outstanding (as defined in the Existing Partnership Agreement) Partnership Common Units, voting as a class, is a condition to the consummation of the Merger; and

 

WHEREAS, as a condition to the willingness of the Parent Entities to enter into the Merger Agreement and as an inducement and in consideration therefor, the Unitholders, the Partnership and the Partnership GP have agreed to enter into this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and

 

 

sufficiency of which are hereby acknowledged, intending to be legally bound, the parties hereto agree as follows:

 

ARTICLE I
 VOTING; 
 GRANT AND APPOINTMENT OF PROXY

 

Section 1.1           Voting.  From and after the date hereof until the earlier of (x) the consummation of the Merger or (y) the termination of the Merger Agreement pursuant to and in compliance with the terms therein (such earlier date, the “Expiration Date”), each Unitholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each adjourned or postponed meeting) of the Partnership Unitholders, however called, or in connection with any written consent of the Partnership Unitholders, each Unitholder (in such capacity and not in any other capacity) will (i) appear at such meeting or otherwise cause all of the Securities owned by such Unitholder (whether beneficially or of record) to be counted as present thereat for purposes of calculating a quorum and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all of the Securities owned by such Unitholder (whether beneficially or of record):

 

(a)         with respect to each meeting at which a vote of the Unitholders on the Merger is requested (a “Merger Proposal”), in favor of such Merger Proposal (and, in the event that such Merger Proposal is presented as more than one proposal, in favor of each proposal that is part of such Merger Proposal), and in favor of any other matter presented or proposed as to approval of the Merger or any part or aspect thereof or any other transactions or matters contemplated by the Merger Agreement;

 

(b)         against any Alternative Proposal, without regard to the terms of such Alternative Proposal, or any other transaction, proposal, agreement or action made in opposition to adoption of the Merger Agreement or in competition or inconsistent with the Merger and the other transactions or matters contemplated by the Merger Agreement;

 

(c)          against any other action, agreement or transaction, that is intended, that could reasonably be expected, or the effect of which could reasonably be expected, to materially impede, interfere with, delay, postpone, discourage or adversely affect the Merger or any of the other transactions contemplated by the Merger Agreement or the performance by such Unitholder of its obligations under this Agreement, including: (i) any extraordinary corporate transaction, such as a merger, consolidation or other business combination involving the Partnership or any of its Subsidiaries; (ii) a sale, lease or transfer of a material amount of assets of the Partnership or any of its Subsidiaries (other than the Merger or any other transactions contemplated by the Merger Agreement) or a reorganization, recapitalization or liquidation of the Partnership or any of its Subsidiaries; (iii) an election of new members to the board of directors of the Partnership GP, other than nominees to the board of directors of the Partnership GP who are serving as directors of the Partnership GP on the date of this Agreement or as otherwise provided in the Merger Agreement; (iv) any material change in the present capitalization or distribution policy of the Partnership or any amendment or other change to the Partnership Certificate of Limited Partnership, the Existing Partnership Agreement or other organizational documents of the Partnership or its Subsidiaries, except if approved in writing by

 

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Parent or as otherwise expressly provided in the Merger Agreement; or (v) any other material change in the Partnership’s organizational structure or business, except if approved in writing by Parent or as otherwise expressly provided in the Merger Agreement;

 

(d)         against any action, proposal, transaction or agreement that would reasonably be expected to result in a breach in any respect of any covenant, representation or warranty or any other obligation or agreement of the Partnership Entities contained in the Merger Agreement, or of any Unitholder contained in this Agreement; and

 

(e)          in favor of any other matter necessary or desirable to the consummation of the transactions contemplated by the Merger Agreement, including the Merger (clauses (a) through (e) of this Section 1.1, the “Required Votes”).

 

Section 1.2           Grant of Irrevocable Proxy; Appointment of Proxy.

 

(a)         From and after the date hereof until the Expiration Date, each Unitholder hereby irrevocably and unconditionally grants to, and appoints, Parent and any designee thereof as such Unitholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of such Unitholder, to vote or cause to be voted (including by proxy or written consent, if applicable) its Securities in accordance with the Required Votes.

 

(b)         Each Unitholder hereby represents that any proxies heretofore given in respect of the Securities, if any, are revocable, and hereby revokes such proxies.

 

(c)          Each Unitholder hereby affirms that the irrevocable proxy set forth in this Section 1.2 is given in connection with the execution of the Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Unitholder under this Agreement.  Each Unitholder hereby further affirms that the irrevocable proxy set forth in this Section 1.2 is coupled with an interest and, except upon the occurrence of the Expiration Date, is intended to be irrevocable.  Each Unitholder agrees, until the Expiration Date, to vote its Securities in accordance with Section 1.1(a) through Section 1.1(e) above as instructed by Parent in writing.  The parties agree that the foregoing is a voting agreement.

 

Section 1.3           Restrictions on Transfers.  Each Unitholder hereby agrees that, from the date hereof until the Expiration Date, it shall not, directly or indirectly, except in connection with the consummation of the Merger, (a) sell, transfer, assign, tender in any tender or exchange offer, pledge, encumber, hypothecate or similarly dispose of (by merger, by testamentary disposition, by operation of law or otherwise), either voluntarily or involuntarily, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, Lien, hypothecation or other disposition of (by merger, by testamentary disposition, by operation of Law or otherwise), any Securities, (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy, consent or power of attorney with respect thereto other than, and that is inconsistent with, this Agreement, or (c) agree (regardless of whether in writing) to take any of the actions referred to in the foregoing clause (a) or (b).

 

Section 1.4           Partnership Change in Recommendation.  Notwithstanding anything to the contrary in this Agreement, if at any time following the date hereof and prior to the

 

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Expiration Date there occurs a Partnership Change in Recommendation pursuant to Section 7.3(c) of the Merger Agreement, then the obligations of the Unitholders set forth in Section 1.1 and the irrevocable proxy and power of attorney in Section 1.2 shall be of no force and effect.  Notwithstanding anything to the contrary in this Section 1.4, the restrictions set forth in Section 1.3 shall continue to apply with respect to the Securities until the Expiration Date.

 

ARTICLE II
 NO SOLICITATION

 

Section 2.1           Restricted Activities.  Prior to the Expiration Date, no Unitholder shall, and each Unitholder shall cause its Affiliates and Representatives not to, directly or indirectly, (a) initiate, solicit, knowingly encourage or knowingly facilitate any inquiry, proposal or offer that would reasonably be expected to lead to an Alternative Proposal, (b) enter into or participate in any discussions or negotiations regarding, or furnish to any Person any non-public information with respect to, or that could reasonably be expected to lead to, any Alternative Proposal, (c) take any action to release or permit the release of any Person from, or amend, waive or permit the amendment or waiver of any provision of, any “standstill” or similar agreement or provision to which the Partnership is or becomes a party or under which the Partnership has any rights, or (d) resolve or agree to do any of the foregoing (the activities specified in clauses (a) through (d) being hereinafter referred to as the “Restricted Activities”).  For the purposes of this Agreement, “Representatives” means, with respect to any Person, the officers, directors, employees, agents, advisors and other representatives of such Person (in each case, acting in their capacity as such to such Person).

 

Section 2.2           Notification.  Each Unitholder shall, and shall cause its Representatives to, immediately cease and cause to be terminated any discussions or negotiations with any Person conducted heretofore with respect to an Alternative Proposal.  From and after the date hereof until the Expiration Date, each Unitholder will promptly (and in no event later than 24 hours after receipt) (a) advise Parent in writing of any Alternative Proposal (and any changes thereto) it receives in its capacity as a Partnership Unitholder and the material terms and conditions of any such Alternative Proposal, including the identity of such Person making such Alternative Proposal, and (b) provide Parent with copies of all written proposals or draft agreements received by such Unitholder in its capacity as a Partnership Unitholder setting forth the terms and conditions of, or otherwise relating to, such Alternative Proposal.  Each Unitholder will keep Parent reasonably informed of all material developments with respect to the status and terms of any such Alternative Proposal, offers, inquiries or requests (and such Unitholder shall promptly provide Parent with copies of any additional written proposals received by such Unitholder in its capacity as a Partnership Unitholder or that such Unitholder has delivered to any third party making an Alternative Proposal relating to such Alternative Proposal) and of the status of any such discussions or negotiations.  Each Unitholder agrees not to enter into any agreement with any Person subsequent to the date of this Agreement and prior to the Expiration Date that prohibits such Unitholder from providing any information to Parent in accordance with this Section 2.2.  This Section 2.2 shall not apply to any Alternative Proposal received by the Partnership.

 

Section 2.3           Capacity.  Each Unitholder is signing this Agreement solely in its capacity as a Partnership Unitholder, and nothing contained herein shall in any way limit or

 

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affect any actions taken by any Representative of such Unitholder in his or her capacity as a director, officer or employee of the Partnership GP, and no action taken in any such capacity as a director, officer or employee shall be deemed to constitute a breach of this Agreement.

 

Section 2.4           Non-Solicitation.

 

(a)         During the period beginning on the Effective Time and ending on the second anniversary of the Closing Date (the “Restricted Period”), the Unitholders shall not, and shall cause their respective controlled Affiliates not to, without the prior written consent of Parent, anywhere in North America, directly or indirectly, hire, engage, or solicit for employment (or engagement as a consultant) any Person employed by or on behalf of Parent or its Subsidiaries, or encourage or induce or attempt to encourage or induce any such Person to leave such employment or engagement; provided, however, that the foregoing provision shall not prevent the Unitholders or any of their controlled Affiliates from employing any such Person who (i) contacts any of the Unitholders or any of their controlled Affiliates at his or her own initiative without any prior solicitation or contact by or encouragement from the Unitholders or any of their controlled Affiliates, (ii) responds to a mass media solicitation or advertisement that is not directed at such Person or (iii) has not been employed by Parent or any of its Affiliates for a period of three months, other than as a result of an action of the Unitholders or any controlled Affiliate of any of the Unitholders that otherwise would be prohibited hereby.  For the avoidance of doubt, Lime Rock Partners III, L.P., Lime Rock Partners IV, L.P., Lime Rock Partners V, L.P., Lime Rock Partners VI, L.P., Lime Rock Partners VII, L.P. (collectively, “Lime Rock Partners”), Lime Rock Management LP and any portfolio companies of Lime Rock Partners are not controlled Affiliates of the Unitholders.

 

(b)         During the Restricted Period, Parent shall not, and shall cause its controlled Affiliates not to, without the prior written consent of the applicable Unitholder, anywhere in North America, directly or indirectly, hire, engage, or solicit for employment (or engagement as a consultant) any Person employed by or on behalf of the Unitholders or their Affiliates as of immediately following the Closing, or encourage or induce or attempt to encourage or induce any such Person to leave such employment or engagement; provided, however, that the foregoing provision shall not prevent Parent or any of its Affiliates from employing any such Person who (i) contacts Parent or any of its Affiliates at his or her own initiative without any prior solicitation or contact by or encouragement from Parent or any of its Affiliates, (ii) responds to a mass media solicitation or advertisement that is not directed at such Person or (iii) has not been employed by the Unitholders or any of their Affiliates for a period of three months, other than as a result of an action of Parent or any of its Affiliates that otherwise would be prohibited hereby.

 

(c)          The parties hereto acknowledge and agree that Parent and its Affiliates, successors and assigns, in the case of Section 2.4(a), and the Unitholders and each of their Affiliates, successors, and assigns, in the case of Section 2.4(b), would suffer irreparable harm from a breach of Section 2.4(a) or Section 2.4(b), respectively, by any Unitholder or Parent or their respective controlled Affiliates, as applicable, and that money damages would not be an adequate remedy for any such breach. Therefore, in the event of a breach or threatened breach of this Section 2.4, (i) Parent and each of its Affiliates or their respective successors and assigns, in the case of a breach of Section 2.4(a), and (ii) the Unitholders and each of their Affiliates or their respective successors and assigns, in the case of a breach of Section 2.4(b), in each case of the

 

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foregoing clauses (i) and (ii), in addition to other rights and remedies available at Law or in equity, shall be entitled to specific performance, injunctive, and other equitable relief in order to enforce or prevent any breach of the provisions of this Section 2.4. The restrictive covenants set forth in this Section 2.4 shall be construed as agreements independent of any other provision in this Agreement, and the existence of any claim or cause of action against a party, whether predicated upon this Agreement, the Merger Agreement or otherwise, shall not constitute a defense to the enforcement of the covenants contained in this Section 2.4.

 

(d)         If the final judgment of a court of competent jurisdiction declares any term or provision of this Section 2.4 to be invalid or unenforceable, the parties hereto agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified to cover the maximum duration, scope or area permitted by Law. In addition, in the event of a breach of this Section 2.4 by any party, the Restricted Period shall be tolled with respect to such breach until such breach has been duly cured. Each party agrees that the restrictions contained in this Section 2.4 are reasonable and necessary to protect all parties’ legitimate business interests.

 

ARTICLE III
 REPRESENTATIONS,  WARRANTIES AND COVENANTS 
 OF THE UNITHOLDERS

 

Section 3.1           Representations and Warranties.  Each Unitholder represents and warrants to Parent as follows: (a) such Unitholder has full legal right and capacity to execute and deliver this Agreement, to perform such Unitholder’s obligations hereunder and to consummate the transactions contemplated hereby; (b) this Agreement has been duly executed and delivered by such Unitholder and the execution, delivery and performance of this Agreement by such Unitholder and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Unitholder and no other actions or proceedings on the part of such Unitholder are necessary to authorize this Agreement or to consummate the transactions contemplated hereby; (c) this Agreement constitutes the valid and binding agreement of such Unitholder, enforceable against such Unitholder in accordance with its terms; (d) the execution and delivery of this Agreement by such Unitholder does not, and the consummation of the transactions contemplated hereby and the compliance with the provisions hereof will not, conflict with or violate any Laws or agreements binding upon such Unitholder or the Securities owned by such Unitholder, nor require any authorization, consent or approval of, or filing with, any Governmental Entity, except for filings with the SEC by such Unitholder; (e) such Unitholder owns, beneficially and of record, or controls the Securities set forth opposite such Unitholder’s name on Exhibit A attached hereto; and (f) such Unitholder owns, beneficially and of record, or controls all of its Securities free and clear of any proxy, voting restriction, adverse claim or other Lien (other than Permitted Encumbrances or any restrictions created by this Agreement) and has sole voting power with respect to the Securities and sole power of disposition with respect to all of the Securities, with no restrictions on such Unitholder’s rights of voting or disposition pertaining thereto, except for such transfer restrictions of general applicability as may be provided under the Securities Act of 1933, as amended, and the “blue

 

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sky” laws of the various states of the United States, and no person other than such Unitholder has any right to direct or approve the voting or disposition of any of the Securities.

 

Section 3.2           Lock-up Agreement.

 

(a)         Without the prior written consent of the Partnership, none of the Unitholders or the Non-Fund I GP Sellers (collectively, the “Restricted Unitholders” and each, a “Restricted Unitholder”) shall, during the period commencing on the Closing Date and continuing for 90 days after the Closing Date (the “Lock-up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any common units of Parent (“Parent Common Units”) or any securities convertible into or exercisable or exchangeable for Parent Common Units (including without limitation, Parent Common Units or such other securities which may be deemed to be beneficially owned by such Restricted Unitholder in accordance with the rules and regulations of the SEC and securities which may be issued upon exercise of an option or warrant) (collectively, the “Lock-up Securities”) or publicly disclose the intention to make any offer, sale, pledge or disposition, (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Parent Common Units or such other securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Parent Common Units or such other securities, in cash or otherwise or (iii) make any demand for or exercise any right with respect to the registration of any of the Lock-up Securities except in accordance with the Registration Rights Agreement.

 

(b)         In furtherance of the foregoing, Parent and any duly appointed transfer agent for the registration or transfer of the Lock-up Securities described herein are hereby authorized to decline to make any transfer of Lock-up Securities if such transfer would constitute a violation or breach of this Section 3.2.

 

Section 3.3           Certain Related Party Agreements.  Effective as of the Closing, each applicable Unitholder shall, or shall cause its applicable Affiliates to, terminate the contracts evidencing the Partnership Related Party Transactions set forth on Exhibit B attached hereto, in each case without any further obligation or liability of the Partnership or its Subsidiaries of any kind or nature, and the Unitholders shall deliver to Parent in connection with the Closing evidence reasonably satisfactory to Parent of such termination.

 

Section 3.4           Certain Other Agreements.  Each Unitholder hereby:

 

(a)         irrevocably waives, and agrees not to exercise, any rights of appraisal or rights of dissent from the Merger that such Unitholder may have with respect to the Securities;

 

(b)         agrees to promptly notify Parent and the Partnership of the number of any new Securities acquired by such Unitholder after the date hereof and prior to the Expiration Date; and, for the avoidance of doubt, any such Securities shall be subject to the terms of this Agreement as though owned by such Unitholder on the date hereof;

 

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(c)          agrees to permit the Parent and the Partnership to publish and disclose in the Proxy Statement such Unitholder’s identity and ownership of the Securities and the nature of the such Unitholder’s commitments, arrangements and understandings under this Agreement; and

 

(d)         shall and does authorize the Partnership or its counsel to notify the Partnership’s transfer agent that there is a stop transfer order with respect to all of the Securities (and that this Agreement places limits on the voting and transfer of such Securities); provided, however, that Partnership or its counsel further notifies the Partnership’s transfer agent to lift and vacate the stop transfer order with respect to the Securities following the Expiration Date.

 

ARTICLE IV
 TERMINATION

 

This Agreement shall terminate and be of no further force or effect upon the Expiration Date.  Notwithstanding the preceding sentence, (a) the obligations contained in Section 3.2 shall survive the occurrence of the Expiration Date only if the Merger is consummated, and (b) the obligations contained in this Article IV and Article V shall survive any termination of this Agreement.  Nothing in this Article IV shall relieve or otherwise limit any party of liability for willful breach of this Agreement.

 

ARTICLE V
 MISCELLANEOUS

 

Section 5.1           Expenses.  Each party shall bear their respective expenses, costs and fees (including attorneys’, auditors’ and financing fees, if any) in connection with the preparation, execution and delivery of this Agreement and compliance herewith, whether or not the Merger and the other transactions contemplated by the Merger Agreement are effected.

 

Section 5.2           Notices.  All notices and other communications hereunder will be in writing and deemed given if delivered personally or by facsimile transmission, or mailed by a nationally recognized overnight courier or registered or certified mail (return receipt requested), postage prepaid, to the parties hereto at the following addresses (or at such other address for a party as specified by like notice; provided, however, that notices of a change of address will be effective only upon receipt thereof):

 

If to Parent, to:

 

Vanguard Natural Resources, LLC 
 5847 San Felipe, Suite 3000
 Houston, Texas 77057
 Attn:  Scott W. Smith, President and Chief Executive Officer
 Facsimile: (832) 327-2260

 

With a copy to (which does not constitute notice):

 

Paul Hastings LLP
 600 Travis Street, 58th Floor
 Houston, Texas 77002

 

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Attention:  James E. Vallee / Douglas V. Getten
 Facsimile: (713) 353-3100

 

If to any Unitholder or any GP Seller, to:

 

Heritage Plaza
 1111 Bagby Street, Suite 4600

Houston, Texas 77002
 Attention:  Eric Mullins
 Facsimile: (713) 292-9560

 

With a copy to (which does not constitute notice):

 

274 Riverside Avenue

Westport, CT 06880

Attention: Kris Agarwal

Facsimile: (203) 293-2760

 

If to the Partnership or the Partnership GP, to:

 

Heritage Plaza
 1111 Bagby Street, Suite 4600

Houston, Texas 77002
 Attention:  Eric Mullins

Facsimile: (713) 292-9560

 

With a copy to (which does not constitute notice):

 

Andrews Kurth LLP

600 Travis, Suite 4200

Houston, Texas 77002
 Attention:  Jon W. Daly / Henry Havre
 Facsimile: (713) 238-7492

 

Section 5.3           Amendments; Waivers.  Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed (i) in the case of an amendment, by Parent, each Unitholder, the Partnership and the Partnership GP and (ii) in the case of a waiver, by the party (or parties) against whom the waiver is to be effective.  No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

 

Section 5.4           Assignment.  No party to this Agreement may assign any of its rights or obligations under this Agreement, including by sale of stock, operation of law in connection with a merger or sale of substantially all the assets, without the prior written consent of the other parties hereto; provided, however, that Parent may assign its rights and obligations under this

 

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Agreement without the consent of any other party to an Affiliate of Parent as of the date hereof, so long as Parent remains liable for its obligations hereunder.

 

Section 5.5           No Partnership, Agency, or Joint Venture.  This Agreement is intended to create, and creates, a contractual relationship and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship between the parties hereto.

 

Section 5.6           Entire Agreement.  This Agreement together with the Merger Agreement, the Registration Rights Agreement and the Confidentiality Agreement constitute the entire agreement and understanding of the parties hereto with respect to the matters therein and supersede all prior agreements and understandings on such matters.

 

Section 5.7           No Third-Party Beneficiaries.  Subject to Section 5.4, the provisions of this Agreement are binding upon, inure to the benefit of the parties hereto and their respective successors and assigns, and no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the parties hereto and their respective successors.

 

Section 5.8           Jurisdiction; Specific Performance; Waiver of Jury Trial.

 

(a)         The parties hereto submit to the exclusive jurisdiction of the Court of Chancery of the State of Delaware or, if such Court does not have subject matter jurisdiction, to the Superior Court of the State of Delaware or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United States sitting in the State of Delaware, and any appellate court from any such state or Federal court, and hereby irrevocably and unconditionally agree that all claims with respect to any such claim shall be heard and determined in such Delaware court or in such Federal court, as applicable.  The parties hereto agree that a final judgment in any such claim is conclusive and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by law.  Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any related matter in any Delaware state or Federal court located in the State of Delaware and the defense of an inconvenient forum to the maintenance of such claim in any such court.

 

(b)         The parties hereto agree that irreparable damage would occur and that the parties hereto would not have any adequate remedy at law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and it is accordingly agreed that, to the fullest extent permitted by Law, the parties hereto shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in each case, in accordance with this Section 5.8 in the Delaware Court of Chancery or any state or federal court sitting in the State of Delaware, this being in addition to any other remedy to which they are entitled at law or in equity.  To the fullest extent permitted by Law, each of the parties hereto agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief as provided herein on the basis that (x) any party hereto has an adequate remedy at law or (y) an award of specific performance is not an appropriate remedy for any reason at law or equity.

 

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Each party hereto further agrees that no other party hereto shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 5.8(b), and each party hereto irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 

(c)   TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING IN WHOLE OR IN PART UNDER, RELATED TO, BASED ON, OR IN CONNECTION WITH, THIS AGREEMENT OR THE SUBJECT MATTER HEREOF, WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER SOUNDING IN TORT OR CONTRACT OR OTHERWISE.  ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 5.8(c) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

 

Section 5.9    Governing Law.  This Agreement is governed by and construed and enforced in accordance with the Laws of the State of Delaware, without giving effect to any conflicts of law principles that would result in the applicable of any Law other than the Law of the State of Delaware.

 

Section 5.10 Interpretation.  Unless expressly provided for elsewhere in this Agreement, this Agreement will be interpreted in accordance with the following provisions: (a) the words “this Agreement,” “herein,” “hereby,” “hereunder,” “hereof,” and other equivalent words refer to this Agreement as an entirety and not solely to the particular portion, article, section, subsection or other subdivision of this Agreement in which any such word is used; (b) examples are not to be construed to limit, expressly or by implication, the matter they illustrate; (c) the word “including” and its derivatives means “including without limitation” and is a term of illustration and not of limitation; (d) all definitions set forth herein are deemed applicable whether the words defined are used herein in the singular or in the plural and correlative forms of defined terms have corresponding meanings; (e) the word “or” is not exclusive, and has the inclusive meaning represented by the phrase “and/or”; (f) a defined term has its defined meaning throughout this Agreement and each exhibit and schedule to this Agreement, regardless of whether it appears before or after the place where it is defined; (g) all references to prices, values or monetary amounts refer to United States dollars; (h) wherever used herein, any pronoun or pronouns will be deemed to include both the singular and plural and to cover all genders; (i) this Agreement has been jointly prepared by the parties hereto, and this Agreement will not be construed against any Person as the principal draftsperson hereof or thereof and no consideration may be given to any fact or presumption that any party had a greater or lesser hand in drafting this Agreement; (j) the captions of the articles, sections or subsections appearing in this Agreement are inserted only as a matter of convenience and in no way define, limit, construe or describe the scope or extent of such section, or in any way affect this Agreement; (k) any references herein to a particular Section, Article or Exhibit means a Section or Article of, or an Exhibit to, this Agreement unless otherwise expressly stated herein; the Exhibit attached hereto is incorporated herein by reference and will be considered part of this

 

11

 

Agreement; (l) unless otherwise specified herein, all accounting terms used herein will be interpreted, and all determinations with respect to accounting matters hereunder will be made, in accordance with GAAP, applied on a consistent basis; (m) all references to days mean calendar days unless otherwise provided; and (n) all references to time mean Houston, Texas time.

 

Section 5.11 Counterparts.  This Agreement may be executed in any number of counterparts, each of which is an original, and all of which, when taken together, constitute one Agreement.  Delivery of an executed signature page of this Agreement by facsimile or other customary means of electronic transmission (e.g., “pdf”) will be effective as delivery of a manually executed counterpart hereof.

 

Section 5.12 Severability.  Any provision of this Agreement which is invalid, illegal or unenforceable in any jurisdiction will, as to that jurisdiction, be ineffective only to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any other jurisdiction.

 

[Signature Pages Follow]

 

12

 

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date and year first written above.

 

	
 
    	
PARENT:
    
	
 
    	
 
    
	
 
    	
VANGUARD   NATURAL RESOURCES, LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Scott W. Smith
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Scott   W. Smith
    
	
 
    	
Title:
    	
President &   CEO
    

 

 

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date and year first written above.

 

	
 
    	
PARTNERSHIP:
    
	
 
    	
 
    	
 
    
	
 
    	
LRR   ENERGY, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRE   GP, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
PARTNERSHIP   GP:
    
	
 
    	
 
    	
 
    
	
 
    	
LRE   GP, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
UNITHOLDERS:
    
	
 
    	
 
    	
 
    
	
 
    	
LIME   ROCK RESOURCES A, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources GP, L.P.,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRR   GP, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    

 

 

	
 
    	
LIME   ROCK RESOURCES B, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources GP, L.P.,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRR   GP, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LIME   ROCK RESOURCES C, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources GP, L.P.,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRR   GP, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NON-FUND   I GP SELLERS (solely for the purposes of Section 3.2):
    
	
 
    	
 
    	
 
    
	
 
    	
LIME   ROCK MANAGEMENT LP
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Management GP, LLC,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   John T. Reynolds
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
John   T. Reynolds
    
	
 
    	
Title:
    	
Manager
    

 

 

	
 
    	
LIME   ROCK RESOURCES II-A, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources II-A GP, LLC,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources GP II, L.P.,
    
	
 
    	
 
    	
its   sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRR   GP II, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LIME   ROCK RESOURCES II-C, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources II-C GP, LLC,
    
	
 
    	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Lime   Rock Resources GP II, L.P.,
    
	
 
    	
 
    	
its   sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LRR   GP II, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Mullins
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
Eric   Mullins
    
	
 
    	
Title:
    	
Co-Chief   Executive Officer
    

 

 

EXHIBIT A

 

Lime Rock Resources A, L.P.            1,224,544 Common Units

 

Lime Rock Resources B, L.P.            405,995 Common Units

 

Lime Rock Resources C, L.P.            6,939,061 Common Units

 

 

EXHIBIT B

 

Purchase and Sale Agreement dated March 18, 2013 between Lime Rock Resources II-A, L.P. and Lime Rock Resources II-C, L.P. and LRR Energy, L.P. and LRE Operating, LLC.

 

Stakeholders’ Agreement, dated effective as of May 5, 2011, by and among LRR Energy, L.P., LRE GP, LLC, Lime Rock Resources GP, L.P., Lime Rock Resources A, L.P., Lime Rock Resources B, L.P., Lime Rock Resources C, L.P., Lime Rock Management LP, Lime Rock Resources GP II, L.P., Lime Rock Resources II-A, L.P. and Lime Rock Resources II-C, L.P.

 

Credit Agreement, dated as of July 22, 2011, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Bank of America, N.A., as Syndication Agent, and BNP Paribas, Citibank, N.A. and Royal Bank of Canada, as Co-Documentation Agents.

 

First Amendment dated as of September 30, 2011 to Credit Agreement dated as of July 22, 2011, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Bank of America, N.A., as Syndication Agent, and BNP Paribas, Citibank, N.A. and Royal Bank of Canada, as Co-Documentation Agents.

 

Second Amendment dated as of June 8, 2012 to Credit Agreement dated as of July 22, 2011, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Bank of America, N.A., as Syndication Agent, and BNP Paribas, Citibank, N.A. and Royal Bank of Canada, as Co-Documentation Agents.

 

Third Amendment dated as of June 27, 2012 to Credit Agreement dated as of July 22, 2011, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Bank of America, N.A., as Syndication Agent, and BNP Paribas, Citibank, N.A. and Royal Bank of Canada, as Co-Documentation Agents.

 

Omnibus Agreement, dated as of November 16, 2011, by and among LRR Energy, L.P., LRE GP, LLC, LRE Operating, LLC, LRR GP, LLC, Lime Rock Resources A, L.P., Lime Rock Resources B, L.P., Lime Rock Resources C, L.P. and Lime Rock Management LP.

 

Services Agreement, dated as of November 16, 2011, by and among Lime Rock Management LP, Lime Rock Resources Operating Company, Inc., LRE GP, LLC, LRR Energy, L.P. and LRE Operating, LLC.

 

Purchase, Sale, Contribution, Conveyance and Assumption Agreement, dated as of November 16, 2011, by and among Lime Rock Resources A, L.P., Lime Rock Resources B, L.P., Lime Rock Resources C, L.P., LRE GP, LLC, LRR Energy, L.P. and LRE Operating, LLC.

 

Amended and Restated Purchase, Sale, Contribution, Conveyance and Assumption Agreement, dated effective as of November 16, 2011, by and among Lime Rock Resources A, L.P., Lime Rock Resources B, L.P., Lime Rock Resources C, L.P., LRE GP, LLC, LRR Energy, L.P. and LRE Operating, LLC.

 

LRE GP, LLC Long-Term Incentive Plan, adopted as of November 10, 2011.

 

Purchase and Sale Agreement between Lime Rock Resources A, L.P., Lime Rock Resources B, L.P., Lime Rock Resources C, L.P. and LRR Energy, L.P. and LRE Operating, LLC dated as of May 2, 2012.

 

Second Lien Credit Agreement dated as of June 28, 2012, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto and Wells Fargo Energy Capital, Inc., as Administrative Agent.

 

 

First Amendment to Second Lien Credit Agreement dated effective as of March 21, 2013 between LRE Operating, LLC, LRR Energy, L.P., the Lenders party thereto and Wells Fargo Energy Capital, Inc., as administrative agent.

 

Intercreditor Agreement dated as of June 28, 2012, by and among Wells Fargo Bank, N.A., as First Lien Agent and Collateral Agent, Wells Fargo Energy Capital, Inc., as Second Lien Agent, LRE Operating, LLC, as Borrower, and LRR Energy, L.P., as Parent Guarantor.

 

Second Amendment dated as of February 12, 2014 to Second Lien Credit Agreement dated as of June 28, 2012, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto and Wells Fargo Energy Capital, Inc., as Administrative Agent.

 

Third Amendment dated as of June 6, 2014 to Second Lien Credit Agreement dated as of June 28, 2012, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto and Wells Fargo Energy Capital, Inc., as Administrative Agent.

 

Fourth Amendment dated as of October 1, 2014 to Credit Agreement dated as of July 22, 2011, among LRE Operating, LLC, as borrower, LRR Energy, L.P., as parent guarantor, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent.

 

Fourth Amendment dated as of October 1, 2014 to Second Lien Credit Agreement dated as of June 28, 2012, among LRE Operating, LLC, as Borrower, LRR Energy, L.P., as Parent Guarantor, the lenders from time to time party thereto and Wells Fargo Energy Capital, Inc., as Administrative Agent.Exhibit 10.1

 

 

TEXAS ASSOCIATION OF REALTORS®

COMMERCIAL LEASE

USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 2014

 

 

Table of Contents

 

	
No.
    	
Paragraph Description
    	
Pg.
    
	
 
    	
 
    	
 
    
	
1.
    	
Parties
    	
2
    
	
2.
    	
Leased Premises
    	
2
    
	
3.
    	
Term
    	
 
    
	
 
    	
A.
    	
Term
    	
2
    
	
 
    	
B.
    	
Delay of Occupancy
    	
2
    
	
 
    	
C.
    	
Certificate of Occupancy
    	
3
    
	
4.
    	
Rent and Expenses
    	
 
    
	
 
    	
A.
    	
Base Monthly Rent
    	
3
    
	
 
    	
B.
    	
Additional Rent
    	
3
    
	
 
    	
C.
    	
First Full Month’s Rent
    	
3
    
	
 
    	
D.
    	
Prorated Rent
    	
3
    
	
 
    	
E.
    	
Place of Payment
    	
3
    
	
 
    	
F.
    	
Method of Payment
    	
3
    
	
 
    	
G.
    	
Late Charges
    	
4
    
	
 
    	
H.
    	
Returned Checks
    	
4
    
	
5.
    	
Security Deposit
    	
4
    
	
6.
    	
Taxes
    	
4
    
	
7.
    	
Utilities
    	
4
    
	
8.
    	
Insurance
    	
5
    
	
9.
    	
Use and Hours
    	
6
    
	
10.
    	
Legal Compliance
    	
6
    
	
11.
    	
Signs
    	
6
    
	
12.
    	
Access By Landlord
    	
7
    
	
13.
    	
Move-In Condition
    	
7
    
	
14.
    	
Move-Out Condition
    	
7
    
	
15.
    	
Maintenance and Repairs
    	
 
    
	
 
    	
A.
    	
Cleaning
    	
7
    
	
 
    	
B.
    	
Conditions Caused by a Party
    	
8
    
	
 
    	
C.
    	
Repair & Maintenance   Responsibility
    	
8
    
	
 
    	
D.
    	
Repair Persons
    	
8
    
	
 
    	
E.
    	
HVAC Service Contract
    	
9
    
	
 
    	
F.
    	
Common Areas
    	
9
    
	
 
    	
G.
    	
Notice of Repairs
    	
9
    
	
 
    	
H.
    	
Failure to Repair
    	
9
    
	
16.
    	
Alterations
    	
9
    
	
17.
    	
Liens
    	
9
    
	
18.
    	
Liability
    	
9
    
	
19.
    	
Indemnity
    	
10
    
	
20.
    	
Default
    	
10
    
	
21.
    	
Abandonment, Interruption of   Utilities, Removal of Property & Lockout
    	
10
    
	
22.
    	
Holdover
    	
10
    
	
23.
    	
Landlord’s Lien &   Security Interest
    	
11
    

 

	
No.
    	
Paragraph   Description
    	
Pg.
    
	
 
    	
 
    	
 
    
	
24.
    	
Assignment and Subletting
    	
11
    
	
25.
    	
Relocation
    	
11
    
	
26.
    	
Subordination
    	
11
    
	
27.
    	
Estoppel Certificates &   Financial Info.
    	
11
    
	
28.
    	
Casualty Loss
    	
12
    
	
29.
    	
Condemnation
    	
12
    
	
30.
    	
Attorney’s Fees
    	
12
    
	
31.
    	
Representations
    	
12
    
	
32.
    	
Brokers
    	
13
    
	
33.
    	
Addenda
    	
13
    
	
34.
    	
Notices
    	
13
    
	
35.
    	
Special Provisions
    	
14
    
	
36.
    	
Agreement of the Parties
    	
14
    
	
 
    	
 
    	
 
    
	
 
    	
ADDENDA &   EXHIBITS (check all that apply)
    
	

    	
Exhibit   ______________________________
    
	

    	
Exhibit   ______________________________
    
	

    	
Commercial Lease Addendum for   Broker’s Fee (TAR-2102)
    
	

    	
Commercial Lease Addendum for   Expense Reimbursement (TAR-2103)
    
	

    	
Commercial Lease Addendum for   Extension Option (TAR-2104)
    
	

    	
Commercial Lease Addendum for   Percentage Rent(TAR-2106)
    
	

    	
Commercial Lease Addendum for   Parking (TAR-2107)
    
	

    	
Commercial Landlord’s Rules and   Regulations (TAR-2108)
    
	

    	
Commercial Lease Guaranty   (TAR-2109)
    
	

    	
Commercial Lease Addendum for   Right of First Refusal (TAR-2103)
    
	

    	
Commercial Lease Addendum for   Optional Space (TAR-2110)
    
	

    	
Commercial Lease Addendum for   Construction (TAR-2111) or (TAR-2112)
    
	

    	
Commercial Lease Addendum for Contingencies   (TAR-2120)
    
	

    	
 
    
	

    	
 
    
	

    	
 
    
	

    	
Information About Brokerage   Services
   (TAR-2501)
    

 

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 1 of 15

 
    

 

Orr, 504 Timber Ct. Burleson, TX 76028

	
Phone:   817.295.2238                       Fax: 817.265.0441                       Michael Langford
    	
AxoGen,
    

 

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

 

 

 

 

TEXAS ASSOCIATION OF REALTORS®

COMMERCIAL LEASE

 

USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 2014

 

 

 

 

	
1.
    	
PARTIES: The parties to this lease are:
    
	
 
    	
 
    
	
 
    	
 
    	
Landlord:
    	
Ja-Cole, L.P.
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
; and
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Tenant:
    	
AxoGen Corporation
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
.       
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
2.
    	
LEASED PREMISES:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
A.
    	
Landlord   leases to Tenant the following described real property, known as the “leased   premises,” along with all its improvements (Check   only one box):
    
	
 
    	
 
    	
 
    
	
 
    	

    	
(1)
    	
Multiple-Tenant Property:   Suite or Unit Number A-2,3&4     containing approximately       7500         square feet of rentable area in              Boone Business   Park              (project name) at                                  300 Boone Rd                                       (address) in           Burleson             (city),            Johnson           (county), Texas, which is legally   described on attached Exhibit ______________________ or as follows:
    
	
 
    	
 
    	
 
    	
Boone Business Park   Blk 1 Lot 3
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	

    	
(2)
    	
Single-Tenant Property: The real   property containing approximately                     square feet of rentable area at:                                                                                                                                                                                  (address) in                                       (city),                               (county), Texas, which   is legally described on attached Exhibit                                        or as follows:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
B.
    	
If   Paragraph 2A(1) applies:
    
	
 
    	
 
    	
(1)
    	
“Property” means the building or complex in which the leased premises   are located, inclusive of any common areas, drives, parking areas, and walks;   and
    
	
 
    	
 
    	
(2)
    	
the parties agree that the rentable area of the leased premises may   not equal the actual or useable area within the leased premises and may   include an allocation of common areas in the Property. The rentable area  will  will not be adjusted if re-measured.
    
	
 
    	
 
    	
 
    	
 
    
	
3.
    	
TERM:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
A.
    	
Term: The term   of this lease is            36              months and            9              days, commencing on:
    
	
 
    	
 
    	
 
    	
                                     April 22, 2015                                        (Commencement Date)
    
	
 
    	
 
    	
 
    	
and ending on                                 April 30, 2018                                   (Expiration Date).
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
B.
    	
Delay of Occupancy: If   Tenant is unable to occupy the leased premises on the Commencement Date   because of construction on the leased premises to be completed by Landlord   that is not substantially
    
							

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 2 of 15

 
    

 

	
 
    	
Produced with   zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

 

	
 
    	
300 Boone Rd
    
	
Commercial Lease concerning:
    	
Burleson, TX     76028
    

 

complete or a prior tenant’s holding over of the leased premises, Landlord will not be liable to Tenant for such delay and this lease will remain enforceable. In the event of such a delay, the Commencement Date will automatically be extended to the date Tenant is able to occupy the Property and the Expiration Date will also be extended by a like number of days, so that the length of this lease remains unchanged. If Tenant is unable to occupy the leased premises after the 90th day after the Commencement Date because of construction on the leased premises to be completed by Landlord that is not substantially complete or a prior tenant’s holding over of the leased premises, Tenant may terminate this lease by giving written notice to Landlord before the leased premises become available to be occupied by Tenant and Landlord will refund to Tenant any amounts paid to Landlord by Tenant. This Paragraph 3B does not apply to any delay in occupancy caused by cleaning or repairs.

 

C.         Certificate of Occupancy: Unless the parties agree otherwise, Tenant is responsible for obtaining a certificate of occupancy for the leased premises if required by a governmental body.

 

4.   RENT AND EXPENSES:

 

A.          Base Monthly Rent: On or before the first day of each month during this lease, Tenant will pay Landlord base monthly rent as described on attached Exhibit                                       or as follows:

 

	
Dates
    	
Rate per   rentable square foot (optional)
    	
Base   Monthly
    
	
From
    	
To
    	
$ Monthly   Rate
    	
$ Annual   Rate
    	
Rent$
    
	
04/01/2015
    	
11/30/2016
    	
/ rsf /   month
    	
8.00            / rsf / year
    	
5,447.70
    
	
12/01/2016
    	
03/31/2018
    	
/ rsf /   month
    	
8.40            / rsf / year
    	
5,697.70
    
	
 
    	
 
    	
/ rsf /   month
    	
/ rsf /   year
    	
 
    
	
 
    	
 
    	
/ rsf /   month
    	
/ rsf /   year
    	
 
    
	
 
    	
 
    	
/ rsf /   month
    	
/ rsf /   year
    	
 
    

 

B.          Additional Rent: In addition to the base monthly rent, Tenant will pay Landlord all other amounts, as provided by the attached (Check all that apply.):

	
£
    	
 
    	
(1)
    	
Commercial   Lease Addendum for Expense Reimbursement (TAR-2103)
    
	
£
    	
 
    	
(2)
    	
Commercial   Lease Addendum for Percentage Rent (TAR-2106)
    
	
£
    	
 
    	
(3)
    	
Commercial   Lease Addendum for Parking (TAR-2107)
    
	
£
    	
 
    	
(4)
    	
 
    

All amounts payable under the applicable addenda are deemed to be “rent” for the purposes of this lease.

 

C.         First Full Month’s Rent: The first full monthly rent is due on or before               May 1, 2015                    

	
 
    	
 
    	
.
    

 

D.         Prorated Rent: If the Commencement Date is on a day other than the first day of a month, Tenant will pay Landlord as prorated rent, an amount equal to the base monthly rent multiplied by the following fraction: the number of days from the Commencement Date to the first day of the following month divided by the number of days in the month in which this lease commences. The prorated rent is due on or before the Commencement Date.

 

E.          Place of Payment: Tenant will remit all amounts due to Landlord under this lease to the following person at the place stated or to such other person or place as Landlord may later designate in writing:

 

	
Name:
    	
Orr & Associates Commercial
    
	
Address:
    	
201 W Ellison St.
    
	
 
    	
Burleson, TX 76028
    
			

 

F.           Method of Payment: Tenant must pay all rent timely without demand, deduction, or offset, except as permitted by law or this lease. If Tenant fails to timely pay any amounts due under this lease or if any

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 3 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced with zipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial Lease concerning:
    	
Burleson, TX     76028
    

 

check of Tenant is returned to Landlord by the institution on which it was drawn, Landlord after providing written notice to Tenant may require Tenant to pay subsequent amounts that become due under this lease in certified funds. This paragraph does not limit Landlord from seeking other remedies under this lease for Tenant’s failure to make timely payments with good funds.

 

G.        Late Charges: If Landlord does not actually receive a rent payment at the designated place of payment within 5 days after the date it is due, Tenant will pay Landlord a late charge equal to 10% of the amount due. In this paragraph, the mailbox is not the agent for receipt for Landlord. The late charge is a cost associated with the collection of rent and Landlord’s acceptance of a late charge does not waive Landlord’s right to exercise remedies under Paragraph 20.

 

H.         Returned Checks: Tenant will pay $ 45.00                          for each check Tenant tenders to Landlord which is returned by the institution on which it is drawn for any reason, plus any late charges until Landlord receives payment.

 

5.   SECURITY DEPOSIT:

 

A.   Upon execution of this lease, Tenant will pay $ 5,000.00                             to Landlord as a security deposit.

 

B.          Landlord may apply the security deposit to any amounts owed by Tenant under this lease. If Landlord applies any part of the security deposit during any time this lease is in effect to amounts owed by Tenant, Tenant must, within 10 days after receipt of notice from Landlord, restore the security deposit to the amount stated.

 

C.         Within 60 days after Tenant surrenders the leased premises and provides Landlord written notice of Tenant’s forwarding address, Landlord will refund the security deposit less any amounts applied toward amounts owed by Tenant or other charges authorized by this lease.

 

6.          TAXES: Unless otherwise agreed by the parties, Landlord will pay all real property ad valorem taxes assessed against the leased premises.

 

7.            UTILITIES:

 

A.          The party designated below will pay for the following utility charges to the leased premises and any connection charges for the utilities. (Check all that apply.)

 

	
 
    	
 
    	
N/A
    	
Landlord
    	
Tenant
    	
 
    
	
(1)
    	
Water
    	
£
    	
S
    	
£
    	
 
    
	
(2)
    	
Sewer
    	
£
    	
S
    	
£
    	
 
    
	
(3)
    	
Electric
    	
£
    	
£
    	
S
    	
 
    
	
(4)
    	
Gas
    	
£
    	
£
    	
S
    	
 
    
	
(5)
    	
Telephone
    	
£
    	
£
    	
S
    	
 
    
	
(6)
    	
Internet
    	
£
    	
£
    	
S
    	
 
    
	
(7)
    	
Cable
    	
£
    	
£
    	
S
    	
 
    
	
(8)
    	
Trash
    	
£
    	
£
    	
S
    	
 
    
	
(9)
    	
 
    	
£
    	
£
    	
£
    	
 
    
	
(10)
    	
All other utilities
    	
£
    	
£
    	
S
    	
 
    

 

B.          The party responsible for the charges under Paragraph 7A will pay the charges directly to the utility service provider. The responsible party may select the utility service provider except that if Tenant selects the provider, any access or alterations to the Property or leased premises necessary for the utilities may be made only with Landlord’s prior consent, which Landlord will not unreasonably withhold. If Landlord incurs any liability for utility or connection charges for which Tenant is responsible to pay

 

	
(TAR-2101)   4-1-14
    	
Initialed for   Identification by Landlord: /s/ RO, and Tenant: /s/ LRJ
    	
Page 4 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced with zipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning:
    	
Burleson, TX     76028
    

 

and Landlord pays such amount, Tenant will immediately upon written notice from Landlord reimburse Landlord such amount.

 

C.   Notice: Tenant should determine if all necessary utilities are available to the leased premises and are adequate for Tenant’s intended use.

 

D.   After-Hours HVAC Charges: “HVAC services” means heating, ventilating, and air conditioning of the leased premises. (Check one box only.)

 

   (1)  Landlord is obligated to provide the HVAC services to the leased premises only during the Property’s operating hours specified under Paragraph 9C.

 

   (2)  Landlord will provide the HVAC services to the leased premises during the operating hours specified under Paragraph 9C for no additional charge and will, at Tenant’s request, provide HVAC services to the leased premises during other hours for an additional charge of $                            per hour. Tenant will pay Landlord the charges under this paragraph immediately upon receipt of Landlord’s invoice. Hourly charges are charged on a half-hour basis. Any partial hour will be rounded up to the next half hour. Tenant will comply with Landlord’s procedures to make a request to provide the additional HVAC services under this paragraph.

 

  (3)  Tenant will pay for the HVAC services under this lease.

 

8.    INSURANCE:

 

A.   During all times this lease is in effect, Tenant must, at Tenant’s expense, maintain in full force and effect from an insurer authorized to operate in Texas:

(1)  public liability insurance naming Landlord as an additional insured with policy limits on an occurrence basis in a minimum amount of: (check only (a) or (b) below)

   (a) $1,000,000; or

  (b) $2,000,000.

If neither box is checked the minimum amount will be $1,000,000.

(2)  personal property damage insurance for the business operations being conducted in the leased premises and contents in the leased premises in an amount sufficient to replace such contents after a casualty loss; and

   (3)  business interruption insurance sufficient to pay 12 months of rent payments;

 

B.   Before the Commencement Date, Tenant must provide Landlord with a copy of insurance certificates evidencing the required coverage. If the insurance coverage is renewed or changes in any manner or degree at any time this lease is in effect, Tenant must, not later than 10 days after the renewal or change, provide Landlord a copy of an insurance certificate evidencing the renewal or change.

 

C.   If Tenant fails to maintain the required insurance in full force and effect at all times this lease is in effect, Landlord may:

(1)  purchase insurance that will provide Landlord the same coverage as the required insurance and Tenant must immediately reimburse Landlord for such expense; or

(2)  exercise Landlord’s remedies under Paragraph 20.

 

D.   Unless the parties agree otherwise, Landlord will maintain in full force and effect insurance for: (1) fire and extended coverage in an amount to cover the reasonable replacement cost of the improvements of the Property; and (2) any public liability insurance in an amount that Landlord determines reasonable and appropriate.

 

E.   If there is an increase in Landlord’s insurance premiums for the leased premises or Property or its contents that is caused by Tenant, Tenant’s use of the leased premises, or any improvements made by or for Tenant, Tenant will, for each year this lease is in effect, pay Landlord the increase immediately

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 5 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced with zipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning:
    	
Burleson, TX     76028
    

 

after Landlord notifies Tenant of the increase. Any charge to Tenant under this Paragraph 8E will be equal to the actual amount of the increase in Landlord’s insurance premium.

 

9.    USE AND HOURS:

 

	
A.
    	
Tenant may use the leased premises for the following purpose and no   other: AxoGen Corporation      
    
	
 
    	
Distribution and   Storage Services
    
	
 
    	
 
    
	
 
    	
 
    	
  .
    
	
 
    	
 
    
	
B.
    	
Unless otherwise specified in this lease, Tenant will operate and   conduct its business in the leased premises during business hours that are   typical of the industry in which Tenant represents it operates.
    
	
 
    	
 
    
	
C.
    	
The Property maintains operating hours of (specify hours, days of week, and if inclusive or exclusive of 
    
	
 
    	
weekends and holidays):
    	
24 X 7 including   Holidays and Weekends
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
  .
    
					

 

10. LEGAL COMPLIANCE:

 

A.   Tenant may not use or permit any part of the leased premises or the Property to be used for:

	
(1)
    	
any activity which is a nuisance or is offensive, noisy, or dangerous;
    
	
(2)
    	
any activity that interferes with any other tenant’s normal business   operations or Landlord’s management of the Property;
    
	
(3)
    	
any activity that violates any applicable law, regulation, zoning   ordinance, restrictive covenant, governmental order, owners’ association   rules, tenants’ association rules, Landlord’s rules or regulations, or   this lease;
    
	
(4)
    	
any hazardous activity that would require any insurance premium on the   Property or leased premises to increase or that would void any such   insurance;
    
	
(5)
    	
any activity that violates any applicable federal, state, or local law,   including but not limited to those laws related to air quality, water   quality, hazardous materials, wastewater, waste disposal, air emissions, or   other environmental matters;
    
	
(6)
    	
the permanent or temporary storage of any hazardous material; or
    
	
(7)
    	
 
    
	
 
    	
 
    	
  .
    

 

B.   “Hazardous material” means any pollutant, toxic substance, hazardous waste, hazardous material, hazardous substance, solvent, or oil as defined by any federal, state, or local environmental law, regulation, ordinance, or rule existing as of the date of this lease or later enacted.

 

C.   Landlord does not represent or warrant that the leased premises or Property conform to applicable restrictions, zoning ordinances, setback lines, parking requirements, impervious ground cover ratio requirements, and other matters that may relate to Tenant’s intended use. Tenant must satisfy itself that the leased premises may be used as Tenant intends by independently investigating all matters related to the use of the leased premises or Property. Tenant agrees that it is not relying on any warranty or representation made by Landlord, Landlord’s agent, or any broker concerning the use of the leased premises or Property.

 

11. SIGNS:

 

A.   Tenant may not post or paint any signs or place any decoration outside the leased premises or on the Property without Landlord’s written consent. Landlord may remove any unauthorized sign or decorations, and Tenant will promptly reimburse Landlord for its cost to remove any unauthorized sign or decorations.

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 6 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced with zipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning:
    	
Burleson, TX     76028
    

 

B.    Any authorized sign must comply with all laws, restrictions, zoning ordinances, and any governmental order relating to signs on the leased premises or Property. Landlord may temporarily remove any authorized sign to complete repairs or alterations to the leased premises or the Property.

 

C.    By providing written notice to Tenant before this lease ends, Landlord may require Tenant, upon move-out and at Tenant’s expense, to remove, without damage to the Property or leased premises, any or all signs or decorations that were placed on the Property or leased premises by or at the request of Tenant. Any signs or decorations that Landlord does not require Tenant to remove and that are fixtures, become the property of the Landlord and must be surrendered to Landlord at the time this lease ends.

 

12.  ACCESS BY LANDLORD:

 

A.    During Tenant’s normal business hours Landlord may enter the leased premises for any reasonable purpose, including but not limited to purposes for repairs, maintenance, alterations, and showing the leased premises to prospective tenants or purchasers. Landlord may access the leased premises after Tenant’s normal business hours if: (1) entry is made with Tenant’s permission; or (2) entry is necessary to complete emergency repairs. Landlord will not unreasonably interfere with Tenant’s business operations when accessing the leased premises.

 

B.    During the last    90     days of this lease, Landlord may place a “For Lease” or similarly worded sign on the leased premises.

 

13.  MOVE-IN CONDITION: Tenant has inspected the leased premises and accepts it in its present (as-is) condition unless expressly noted otherwise in this lease or in an addendum. Landlord and any agent have made no express or implied warranties as to the condition or permitted use of the leased premises or Property.

 

14.  MOVE-OUT CONDITION AND FORFEITURE OF TENANT’S PERSONAL PROPERTY:

 

A.    At the time this lease ends, Tenant will surrender the leased premises in the same condition as when received, except for normal wear and tear. Tenant will leave the leased premises in a clean condition free of all trash, debris, personal property, hazardous materials, and environmental contaminants.

 

B.    If Tenant leaves any personal property in the leased premises after Tenant surrenders possession of the leased premises, Landlord may: (1) require Tenant, at Tenant’s expense, to remove the personal property by providing written notice to Tenant; or (2) retain such personal property as forfeited property to Landlord.

 

C.    “Surrender” means vacating the leased premises and returning all keys and access devices to Landlord. “Normal wear and tear” means deterioration that occurs without negligence, carelessness, accident, or abuse.

 

D.   By providing written notice to Tenant before this lease ends, Landlord may require Tenant, upon move-out and at Tenant’s expense, to remove, without damage to the Property or leased premises, any or all fixtures that were placed on the Property or leased premises by or at the request of Tenant. Any fixtures that Landlord does not require Tenant to remove become the property of the Landlord and must be surrendered to Landlord at the time this lease ends.

 

15.  MAINTENANCE AND REPAIRS:

 

A.    Cleaning: Tenant must keep the leased premises clean and sanitary and promptly dispose of all garbage in appropriate receptacles.  Landlord  Tenant will provide, at its expense, janitorial services to the leased premises that are customary and ordinary for the property type. Tenant will maintain any grease trap on the Property which Tenant uses, including but not limited to periodic

 

	
(TAR-2101)   4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 7 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced with zipForm® by zipLogix 18070 Fifteen Mile   Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning: 
    	
Burleson, TX     76028
    

 

emptying and cleaning, as well as making any modification to the grease trap that may be necessary to comply with any applicable law.

 

B.          Repairs of Conditions Caused by a Party: Each party must promptly repair a condition in need of repair that is caused, either intentionally or negligently, by that party or that party’s guests, patrons, invitees, contractors or permitted subtenants.

 

C.         Repair and Maintenance Responsibility: Except as otherwise provided by this Paragraph 15, the party designated below, at its expense, is responsible to maintain and repair the following specified items in the leased premises (if any). The specified items must be maintained in clean and good operable condition. If a governmental regulation or order requires a modification to any of the specified items, the party designated to maintain the item must complete and pay the expense of the modification. The specified items include and relate only to real property in the leased premises. Tenant is responsible for the repair and maintenance of its personal property. (Check all that apply.)

 

	
 
    	
 
    	
 
    	
N/A
    	
 
    	
Landlord
    	
 
    	
Tenant
    
	
(1)
    	
Foundation, exterior walls, roof,   and other structural components
    	
 
    	
£
    	
 
    	
ý
    	
 
    	
 ̈
    
	
(2)
    	
Glass and windows
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(3)
    	
Fire protection equipment
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(4)
    	
Fire sprinkler systems
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(5)
    	
Exterior & overhead   doors, including closure devices, molding, locks, and hardware
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(6)
    	
Grounds maintenance, including   landscaping and irrigation systems
    	
 
    	
£
    	
 
    	
ý
    	
 
    	
 ̈
    
	
(7)
    	
Interior doors, including closure   devices, frames, molding, locks, and hardware
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(8)
    	
Parking areas and walks
    	
 
    	
£
    	
 
    	
ý
    	
 
    	
 ̈
    
	
(9)
    	
Plumbing systems, drainage systems   and sump pumps
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(10)
    	
Electrical systems, mechanical   systems
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(11)
    	
Ballast and lamp replacement
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(12)
    	
Heating, Ventilation and Air   Conditioning (HVAC) systems
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(13)
    	
HVAC system replacement
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(14)
    	
Signs and lighting:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
(a) Pylon
    	
 
    	
ý
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
 
    	
(b) Facia
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
 
    	
(c) Monument
    	
 
    	
£
    	
 
    	
ý
    	
 
    	
 ̈
    
	
 
    	
(d) Door/Suite
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
 
    	
(e) Other:
    	
 
    	
 
    	
ý
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(15)
    	
Extermination and pest control,   excluding wood-destroying insects
    	
 
    	
£
    	
 
    	
 ̈
    	
 
    	
ý
    
	
(16)
    	
Fences and Gates
    	
 
    	
ý
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(17)
    	
Storage yards and storage   buildings
    	
 
    	
ý
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(18)
    	
Wood-destroying insect treatment   and repairs
    	
 
    	
£
    	
 
    	
ý
    	
 
    	
 ̈
    
	
(19)
    	
Cranes and related systems
    	
 
    	
ý
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(20)
    	
 
    	
 
    	
 
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(21)
    	
 
    	
 
    	
 
    	
 
    	
 ̈
    	
 
    	
 ̈
    
	
(22)
    	
All other items and systems
    	
 
    	
 
    	
 
    	
 ̈
    	
 
    	
ý
    
									

 

D.         Repair Persons: Repairs must be completed by trained, qualified, and insured repair persons.

 

 

	
(TAR-2101) 4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 8 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced   with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning: 
    	
Burleson, TX     76028
    

 

E.          HVAC Service Contract: If Tenant maintains the HVAC system under Paragraph 15C(12), Tenant £ is S is not required to maintain, at its expense, a regularly scheduled maintenance and service contract for the HVAC system. The maintenance and service contract must be purchased from a HVAC maintenance company that regularly provides such contracts to similar properties. If Tenant fails to maintain a required HVAC maintenance and service contract in effect at all times during this lease, Landlord may do so and Tenant will reimburse Landlord for the expense of such maintenance and service contract or Landlord may exercise Landlord’s remedies under Paragraph 20.

 

F.           Common Areas: Landlord will maintain any common areas in the Property in a manner as Landlord determines to be in the best interest of the Property. Landlord will maintain any elevator and signs in the common area. Landlord may change the size, dimension, and location of any common areas, provided that such change does not materially impair Tenant’s use and access to the leased premises. Tenant has the non-exclusive license to use the common areas in compliance with Landlord’s rules and regulations. Tenant may not solicit any business in the common areas or interfere with any other person’s right to use the common areas. This paragraph does not apply if Paragraph 2A(2) applies.

 

G.        Notice of Repairs: Tenant must promptly notify Landlord of any item that is in need of repair and that is Landlord’s responsibility to repair. All requests for repairs to Landlord must be in writing.

 

H.         Failure to Repair: Landlord must make a repair for which Landlord is responsible within a reasonable period of time after Tenant provides Landlord written notice of the needed repair. If Tenant fails to repair or maintain an item for which Tenant is responsible within 10 days after Landlord provides Tenant written notice of the needed repair or maintenance, Landlord may: (1) repair or maintain the item, without liability for any damage or loss to Tenant, and Tenant must immediately reimburse Landlord for the cost to repair or maintain; or (2) exercise Landlord’s remedies under Paragraph 20.

 

16.    ALTERATIONS:

 

A.          Tenant may not alter (including making any penetrations to the roof, exterior walls or foundation), improve, or add to the Property or the leased premises without Landlord’s written consent. Landlord will not unreasonably withhold consent for the Tenant to make reasonable non-structural alterations, modifications, or improvements to the leased premises.

 

B.          Tenant may not alter any locks or any security devices on the Property or the leased premises without Landlord’s consent. If Landlord authorizes the changing, addition, or rekeying of any locks or other security devices, Tenant must immediately deliver the new keys and access devices to Landlord.

 

C.         If a governmental order requires alteration or modification to the leased premises, the party obligated to maintain and repair the item to be modified or altered as designated in Paragraph 15 will, at its expense, modify or alter the item in compliance with the order and in compliance with Paragraphs 16A and 17.

 

D.         Any alterations, improvements, fixtures or additions to the Property or leased premises installed by either party during the term of this lease will become Landlord’s property and must be surrendered to Landlord at the time this lease ends, except for those fixtures Landlord requires Tenant to remove under Paragraph 11 or 14 or if the parties agree otherwise in writing.

 

17.    LIENS: Tenant may not do anything that will cause the title of the Property or leased premises to be encumbered in any way. If Tenant causes a lien to be filed against the Property or leased premises, Tenant will within 20 days after receipt of Landlord’s demand: (1) pay the lien and have the lien released of record; or (2) take action to discharge the lien. Tenant will provide Landlord a copy of any release Tenant obtains pursuant to this paragraph.

 

18.    LIABILITY: To the extent permitted by law, Landlord is NOT responsible to Tenant or Tenant’s employees, patrons, quests, or invitees for any damages, injuries, or losses to person or property caused by:

 

 

	
(TAR-2101) 4-1-14
    	
Initialed   for Identification by Landlord: /s/ RO , and Tenant: /s/ LRJ
    	
Page 9 of 15
    
	
 
    	
 
    	
 
    
	
 
    	
Produced   with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning: 
    	
Burleson, TX     76028
    

 

A.          an act, omission, or neglect of: Tenant; Tenant’s agent; Tenant’s guest; Tenant’s employees; Tenant’s patrons; Tenant’s invitees; or any other tenant on the Property;

 

B.          fire, flood, water leaks, ice, snow, hail, winds, explosion, smoke, riot, strike, interruption of utilities, theft, burglary, robbery, assault, vandalism, other persons, environmental contaminants, or other occurrences or casualty losses.

 

19. INDEMNITY: Each party will indemnify, defend, and hold the other party harmless from any property damage, personal injury, suits, actions, liabilities, damages, cost of repairs or service to the leased premises or Property, or any other loss caused, negligently or otherwise, by that party or that party’s employees, patrons, guests, or invitees.

 

20. DEFAULT:

 

A.          If Landlord fails to comply with this lease within 30 days after Tenant notifies Landlord of Landlord’s failure to comply, Landlord will be in default and Tenant may seek any remedy provided by law. If, however, Landlord’s non-compliance reasonably requires more than 30 days to cure, Landlord will not be in default if the cure is commenced within the 30-day period and is diligently pursued.

 

B.          If Landlord does not actually receive at the place designated for payment any rent due under this lease within 5 days after it is due, Tenant will be in default. If Tenant fails to comply with this lease for any other reason within 10 days after Landlord notifies Tenant of its failure to comply, Tenant will be in default.

 

C.         If Tenant is in default, Landlord may, with at least 3 days written notice to Tenant: (i) terminate this lease, or (ii) terminate Tenant’s right to occupy the leased premises without terminating this lease and may accelerate all rents which are payable during the remainder of this lease or any renewal period. Landlord will attempt to mitigate any damage or loss caused by Tenant’s breach by using commercially reasonable means. If Tenant is in default, Tenant will be liable for:

	
(1)
    	
any lost rent;
    
	
(2)
    	
Landlord’s cost of reletting the leased premises, including brokerage   fees, advertising fees, and other fees necessary to relet the leased   premises;
    
	
(3)
    	
repairs to the leased premises for use beyond normal wear and tear;
    
	
(4)
    	
all Landlord’s costs associated with eviction of Tenant, such as   attorney’s fees, court costs, and prejudgment interest;
    
	
(5)
    	
all Landlord’s costs associated with collection of rent such as   collection fees, late charges, and returned check charges;
    
	
(6)
    	
cost of removing any of Tenant’s equipment or fixtures left on the   leased premises or Property;
    
	
(7)
    	
cost to remove any trash, debris, personal property, hazardous   materials, or environmental contaminants left by Tenant or Tenant’s   employees, patrons, guests, or invitees in the leased premises or Property;
    
	
(8)
    	
cost to replace any unreturned keys or access devices to the leased   premises, parking areas, or Property; and
    
	
(9)
    	
any other recovery to which Landlord may be entitled under this lease   or under law.
    

 

21. ABANDONMENT, INTERRUPTION OF UTILITIES, REMOVAL OF PROPERTY, AND LOCKOUT: Chapter 93 of the Texas Property Code governs the rights and obligations of the parties with regard to: (a) abandonment of the leased premises; (b) interruption of utilities; (c) removal of Tenant’s property; and (d) “lock-out” of Tenant.

 

22. HOLDOVER: If Tenant fails to vacate the leased premises at the time this lease ends, Tenant will become a tenant-at-will and must vacate the leased premises immediately upon receipt of demand from Landlord. No holding over by Tenant, with or without the consent of Landlord, will extend this lease. Tenant will

 

	
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Produced   with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning: 
    	
Burleson, TX     76028
    

 

indemnify Landlord and any prospective tenants for any and all damages caused by the holdover. Rent for any holdover period will be 150% of the base monthly rent plus any additional rent calculated on a daily basis and will be immediately due and payable daily without notice or demand.

 

23. LANDLORD’S LIEN AND SECURITY INTEREST: To secure Tenant’s performance under this lease, Tenant grants to Landlord a lien and security interest against all of Tenant’s nonexempt personal property that is in the leased premises or on the Property. This lease is a security agreement for the purposes of the Uniform Commercial Code. Landlord may file a financing statement to perfect Landlord’s security interest under the Uniform Commercial Code.

 

24. ASSIGNMENT AND SUBLETTING: Landlord may assign this lease to any subsequent owner of the Property. Tenant may not assign this lease or sublet any part of the leased premises without Landlord’s written consent. An assignment of this lease or subletting of the leased premises without Landlord’s written consent is voidable by Landlord. If Tenant assigns this lease or sublets any part of the leased premises, Tenant will remain liable for all of Tenant’s obligations under this lease regardless if the assignment or sublease is made with or without the consent of Landlord.

 

25.    RELOCATION:

 

 ̈           A.  By providing Tenant with not less than 90 days advanced written notice, Landlord may require Tenant to relocate to another location in the Property, provided that the other location is equal in size or larger than the leased premises then occupied by Tenant and contains similar leasehold improvements. Landlord will pay Tenant’s reasonable out-of-pocket moving expenses for moving to the other location. “Moving expenses” means reasonable expenses payable to professional movers, utility companies for connection and disconnection fees, wiring companies for connecting and disconnecting Tenant’s office equipment required by the relocation, and printing companies for reprinting Tenant’s stationary and business cards. A relocation of Tenant will not change or affect any other provision of this lease that is then in effect, including rent and reimbursement amounts, except that the description of the suite or unit number will automatically be amended.

 

x       B.          Landlord may not require Tenant to relocate to another location in the Property without Tenant’s prior consent.

 

26. SUBORDINATION:

 

A.          This lease and Tenant’s leasehold interest are and will be subject, subordinate, and inferior to:

(1)      any lien, encumbrance, or ground lease now or hereafter placed on the leased premises or the Property that Landlord authorizes;

(2)      all advances made under any such lien, encumbrance, or ground lease;

(3)      the interest payable on any such lien or encumbrance;

(4)      any and all renewals and extensions of any such lien, encumbrance, or ground lease;

(5)      any restrictive covenant affecting the leased premises or the Property; and

(6)      the rights of any owners’ association affecting the leased premises or Property.

 

B.          Tenant must, on demand, execute a subordination, attornment, and non-disturbance agreement that Landlord may request that Tenant execute, provided that such agreement is made on the condition that this lease and Tenant’s rights under this lease are recognized by the lien-holder.

 

27. ESTOPPEL CERTIFICATES & FINANCIAL INFORMATION:

 

A.  Within 10 days after receipt of a written request from Landlord, Tenant will execute and deliver to Landlord an estoppel certificate that identifies the terms and conditions of this lease.

 

 

	
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Produced   with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300 Boone Rd
    
	
Commercial   Lease concerning: 
    	
Burleson, TX     76028
    

 

B.          Within 30 days after receipt of a written request from Landlord, Tenant will provide to Landlord Tenant’s current financial information (balance sheet and income statement). Landlord may request the financial information no more frequently than once every 12 months.

 

28. CASUALTY LOSS:

 

A.          Tenant must immediately notify Landlord of any casualty loss in the leased premises. Within 20 days after receipt of Tenant’s notice of a casualty loss, Landlord will notify Tenant if the leased premises are less than or more than 50% unusable, on a per square foot basis, and if Landlord can substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty loss.

 

B.          If the leased premises are less than 50% unusable and Landlord can substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty, Landlord will restore the leased premises to substantially the same condition as before the casualty. If Landlord fails to substantially restore within the time required, Tenant may terminate this lease.

 

C.         If the leased premises are more than 50% unusable and Landlord can substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty, Landlord may: (1) terminate this lease; or (2) restore the leased premises to substantially the same condition as before the casualty. If Landlord chooses to restore and does not substantially restore the leased premises within the time required, Tenant may terminate this lease.

 

D.         If Landlord notifies Tenant that Landlord cannot substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty loss, Landlord may: (1) choose not to restore and terminate this lease; or (2) choose to restore, notify Tenant of the estimated time to restore, and give Tenant the option to terminate this lease by notifying Landlord within 10 days.

 

E.          If this lease does not terminate because of a casualty loss, rent will be reduced from the date Tenant notifies Landlord of the casualty loss to the date the leased premises are substantially restored by an amount proportionate to the extent the leased premises are unusable.

 

29. CONDEMNATION: If after a condemnation or purchase in lieu of condemnation the leased premises are totally unusable for the purposes stated in this lease, this lease will terminate. If after a condemnation or purchase in lieu of condemnation the leased premises or Property are partially unusable for the purposes of this lease, this lease will continue and rent will be reduced in an amount proportionate to the extent the leased premises are unusable. Any condemnation award or proceeds in lieu of condemnation are the property of Landlord and Tenant has no claim to such proceeds or award. Tenant may seek compensation from the condemning authority for its moving expenses and damages to Tenant’s personal property.

 

30. ATTORNEY’S FEES: Any person who is a prevailing party in any legal proceeding brought under or related to the transaction described in this lease is entitled to recover prejudgment interest, reasonable attorney’s fees, and all other costs of litigation from the nonprevailing party.

 

31. REPRESENTATIONS:

 

A.          Tenant’s statements in this lease and any application for rental are material representations relied upon by Landlord. Each party signing this lease represents that he or she is of legal age to enter into a binding contract and is authorized to sign the lease. If Tenant makes any misrepresentation in this lease or in any application for rental, Tenant is in default.

 

B.          Landlord is not aware of any material defect on the Property that would affect the health and safety of an ordinary person or any environmental hazard on or affecting the Property that would affect the

 

 

	
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Produced   with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300   Boone Rd
    
	
Commercial Lease concerning:
    	
Burleson,   TX   76028
    

 

	
 
    	
health or safety of an ordinary person, except:
    	
Landlord   is not aware of any material defects to
    
	
 
    	
the   best of his knowledge. Landlord has fee simple ownership.
    

 

C.         Each party and each signatory to this lease represents that: (1) it is not a person named as a Specially Designated National and Blocked Person as defined in Presidential Executive Order 13224; (2) it is not acting, directly or indirectly, for or on behalf of a Specially Designated and Blocked Person; and (3) is not arranging or facilitating this lease or any transaction related to this lease for a Specially Designated and Blocked Person. Any party or any signatory to this lease who is a Specially Designated and Blocked person will indemnify and hold harmless any other person who relies on this representation and who suffers any claim, damage, loss, liability or expense as a result of this representation.

 

32. BROKERS:

 

A.   The brokers to this lease are:

 

	
 
    	
Principal Broker:
    	
Orr &   Associates Real Estate
    	
 
    	
Cooperating Broker:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

	
 
    	
Agent:
    	
Michael   Langford
    	
 
    	
Agent:
    	
 
    

 

	
 
    	
Address:
    	
201   W Ellison St
    	
 
    	
Address:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Burleson,   TX 76028
    	
 
    	
 
    	
 
    

 

	
 
    	
Phone & Fax:
    	
(817)295-5291
    	
(817)295-0441   
    	
 
    	
Phone & Fax:
    	
 
    

 

	
 
    	
E-mail:
    	
michael@orrrealestate.com
    	
 
    	
E-mail:
    	
 
    

 

	
 
    	
License No.:
    	
0574473
    	
 
    	
License No.:
    	
 
    

                                                                                                

	
 
    	
Principal Broker: (Check only one box)

x represents Landlord only.

 ̈ represents Tenant only.

 ̈ is an intermediary between Landlord and Tenant.
    	
 
    	
Cooperating Broker represents Tenant.
    

 

B.   Fees:

 

x  (1) Principal Broker’s fee will be paid according to: (Check only one box).

x   (a) a separate written commission agreement between Principal Broker and:

 ̈ Landlord   ̈ Tenant.

 ̈    (b) the attached Commercial Lease Addendum for Broker’s Fee (TAR-2102).

 

 ̈   (2) Cooperating Broker’s fee will be paid according to: (Check only one box).

 ̈    (a) a separate written commission agreement between Cooperating Broker and:

 ̈ Principal Broker   ̈ Landlord   ̈ Tenant.

 ̈    (b) the attached Commercial Lease Addendum for Broker’s Fee (TAR-2102).

 

33.            ADDENDA: Incorporated into this lease are the addenda, exhibits and other information marked in the Addenda and Exhibit section of the Table of Contents. If Landlord’s Rules and Regulations are made part of this lease, Tenant agrees to comply with the Rules and Regulations as Landlord may, at its discretion, amend from time to time.

 

34.            NOTICES: All notices under this lease must be in writing and are effective when hand-delivered, sent by mail, or sent by facsimile transmission to:

 

	
Landlord at:
    	
Ja-Cole   LP
    
	
 
    	
Address:
    	
PO   BOX 1088, Burleson, TX 76097
    

 

 

 

	
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Produced with   zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026  www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300   Boone Rd
    
	
Commercial Lease concerning:
    	
Burleson,   TX   76028
    

 

	
 
    	
 
    	
Phone:
    	
(817)   295-5291
    	
 
    	
Fax:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
and a copy to:
    	
 
    
	
 
    	
 
    	
Address:
    	
 
    
								

 

	
 
    	
 
    	
Phone:
    	
 
    	
 
    	
Fax:
    	
 
    

 

	
 
    	
£ Landlord also consents to receive notices by e-mail   at:
    	
 
    

 

Tenant at the leased premises,

	
 
    	
and a copy to:
    	
AxoGen   Corporation
    
	
 
    	
 
    	
Address:
    	
13631   Progress Blvd, Suite 400, Alachua, FL 32615
    

 

	
 
    	
 
    	
Phone:
    	
(352)262-0773
    	
 
    	
Fax:
    	
 
    

 

	
 
    	
£ Tenant also consents to receive notices by e-mail   at:
    	
 
    

 

35. SPECIAL PROVISIONS:

–Principal Broker has part ownership in Ja-Cole the Landlord

 

–Landlord agrees to Guarantee HVAC system for 6 months for direct damage only as long as HVAC problem is not caused by tenant.

 

–Landlord agrees to have all Doors, Lighting and ceiling titles in good working order prior to tenants move in.

 

 

 

 

 

 

 

 

 

 

 

 

36. AGREEMENT OF PARTIES:

 

A.          Entire Agreement: This lease contains the entire agreement between Landlord and Tenant and may not be changed except by written agreement.

 

B.          Binding Effect: This lease is binding upon and inures to the benefit of the parties and their respective heirs, executors, administrators, successors, and permitted assigns.

 

C.         Joint and Several: All Tenants are jointly and severally liable for all provisions of this lease. Any act or notice to, or refund to, or signature of, any one or more of the Tenants regarding any term of this lease, its renewal, or its termination is binding on all Tenants.

 

D.         Controlling Law: The laws of the State of Texas govern the interpretation, performance, and enforcement of this lease.

 

E.          Severable Clauses: If any clause in this lease is found invalid or unenforceable by a court of law, the remainder of this lease will not be affected and all other provisions of this lease will remain valid and enforceable.

 

F.           Waiver: Landlord’s delay, waiver, or non-enforcement of acceleration, contractual or statutory lien, rental due date, or any other right will not be deemed a waiver of any other or subsequent breach by Tenant or any other term in this lease.

 

	
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Produced with   zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026  www.zipLogix.com
    	
AxoGen,
    

 

 

	
 
    	
300   Boone Rd
    
	
Commercial Lease concerning:
    	
Burleson,   TX   76028
    

 

G.        Quiet Enjoyment: Provided that Tenant is not in default of this lease, Landlord covenants that Tenant will enjoy possession and use of the leased premises free from material interference.

 

H.         Force Majeure: If Landlord’s performance of a term in this lease is delayed by strike, lock-out, shortage of material, governmental restriction, riot, flood, or any cause outside Landlord’s control, the time for Landlord’s performance will be abated until after the delay.

 

I.                Time: Time is of the essence. The parties require strict compliance with the times for performance.

 

Brokers are not qualified to render legal advice, property inspections, surveys, engineering studies, environmental assessments, tax advice, or compliance inspections. The parties should seek experts to render such services. READ THIS LEASE CAREFULLY. If you do not understand the effect of this Lease, consult your attorney BEFORE signing.

 

 

 

	
Landlord:
    	
Ja-Cole,   L.P.
    	
 
    	
Tenant:
    	
AxoGen   Corporation
    
	
 
    	
 
    	
 
    	
 
    	
 
    

 

	
By:
    	
/s/ Rob Orr
    	
 
    	
By:
    	
/s/ Lee Robert Johnston, Jr
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
By (signature):
    	
/s/ Rob Orr
    	
 
    	
 
    	
By (signature):
    	
/s/ Lee Robert Johnston, Jr
    
							

                                                                                                                                                

	
 
    	
Printed Name:
    	
Rob Orr
    	
 
    	
 
    	
Printed Name:
    	
Lee Robert Johnston, Jr
    

 

	
 
    	
Title: 
    	
President
    	
Date: 
    	
4/21/15
    	
 
    	
 
    	
Title:
    	
CFO
    	
Date: 
    	
4/21/15
    

 

	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
By (signature):
    	
 
    	
 
    	
 
    	
By (signature):
    	
 
    
							

 

	
 
    	
Printed Name:
    	
 
    	
 
    	
 
    	
Printed Name:
    	
 
    

 

	
 
    	
Title: 
    	
 
    	
Date: 
    	
 
    	
 
    	
 
    	
Title:
    	
 
    	
Date: 
    	
 
    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

	
(TAR-2101)   4-1-14
    	
 
    	
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Produced with   zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026  www.zipLogix.com
    	
AxoGen,

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