Document:

ex_10-3.htm

 

SECOND AMENDMENT TO LEASE AGREEMENT

THIS SECOND AMENDMENT TO LEASE AGREEMENT, dated as of the 17th day of March, 2015, by and between ADDISON PARK, LTD. and THE GIBBY FAMILY LIVING TRUST, as Landlord (the “Landlord”), and ULURU Inc., as Tenant (the “Tenant”);

W I T N E S S E T H

Recitals

A.           Reference is made to that certain Lease Agreement dated January 31, 2006, as amended by Amendment to Lease Agreement dated February 22, 2013 (collectively referred to as the “Lease”) executed by and between Landlord and Tenant, covering approximately 8,923 s.f. of net rentable space in Landlord’s project located at 4452 Beltway Drive, Addison, Dallas County, Texas, known as “Addison Park Place, Building 5.”

B.           Landlord and Tenant desire to amend the Lease as hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, each of the undersigned does hereby agree as follows:

1.           Extension of Lease Term.

The current term of the Lease expires on March 31, 2015.  The parties agree that the term of the Lease is hereby renewed and extended for a period of thirty-six (36) months, so that the term of the Lease shall expire on March 31, 2018.

2.           Rental Adjustment.

Tenant’s Base Rent shall remain $6,878.15 per month ($9.25/SF/YR) through March 31, 2018. All other rental provisions of the Lease shall remain the same, including Tenant’s estimated monthly operating expense payments, currently estimated at $2,467.55, subject to change per the terms of the Lease and the HVAC Filter Maintenance Expense which shall remain $90.00 per month.

3.           Effective Date.

This Amendment shall be effective upon the full execution hereof by both parties.

 

4.           Condition of Premises.

Tenant is occupying the space in its “as is” condition, and any changes or modifications to the space shall be at the Tenant’s sole cost and expense. Notwithstanding the foregoing to the contrary, Landlord at Landlord’s expense shall replace the Payne HVAC Unit (1983) and shall during the extended term of the Lease, pay for the cost of any HVAC repairs or replacements in excess of $500.00 per unit per occurrence.  Once a unit has been replaced, Tenant shall be solely responsible for the cost of subsequent repairs to the unit, subject to applicable contractor and manufacturer’s warranties.

 

5.           Brokerage.

Tenant and Landlord each warrant and represent to the other that no real estate broker has been involved in the negotiation of this Lease Amendment nor is owed a commission or finder’s fee in connection with this Amendment, other than Harkinson Investment Corporation as Landlord’s Agent and each agrees to indemnify and hold the other party harmless in connection with any claims for such fees which may be asserted.

6.           Binding Agreement.

Except as specifically modified by this Second Amendment to Lease Agreement, all other terms and conditions of the Lease are hereby ratified and confirmed.  In the event of a conflict between the terms of this Second Amendment to Lease Agreement and the other terms of the Lease, the terms of this Second Amendment to Lease Agreement shall prevail.

This Second Amendment to Lease Agreement is executed as of the day and year first above written.

LANDLORD:  ADDISON PARK, LTD. /GIBBY FAMILY LIVING TRUST

By:                  /s/ William J. Harkinson                                                                              

Name:                       William J. Harkinson, President                                                                                                

Title:           Harkinson Investment Corporation, General Partner                                                                                                

TENANT:  ULURU INC.

By:                   /s/ Kerry P. Gray                                                                             

Name:                                Kerry P. Gray                                                                                     

Title:                      President & CEOEX-4.1

 Exhibit 4.1 

AMENDMENT NO. 1 TO STOCKHOLDERS AGREEMENT 

This Amendment No. 1 (this “Amendment”) to the Stockholders Agreement (the “Agreement”), dated as of
April 24, 2014, by and among (i) Zimmer Holdings, Inc., a Delaware corporation (the “Company”), (ii) LVB Acquisition Holding, LLC, a Delaware limited liability company (the “Principal Stockholder”),
and (iii) each of the other Persons whose name appears on the signature pages to the Agreement, is entered into as of March 30, 2015. 

WHEREAS, the 2015 Annual Meeting of Stockholders of the Company is expected to take place on or about May 5, 2015; and 

WHEREAS, the Company has requested, and the parties desire, that the Agreement be amended as hereinafter provided. 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the adequacy and receipt of which hereby are
acknowledged, the parties hereby agree as follows: 
 Section 1.1 All capitalized terms used herein shall have the meanings set
forth in the Agreement, unless the context indicates otherwise. 
 Section 1.2 Section 1.1 of the Agreement is
hereby deleted in its entirety and replaced with the following: 
 “Composition of the Board of Directors Following the Closing. Upon
the later of (x) the Closing Date and (y) the conclusion of the 2015 Annual Meeting of Stockholders of the Company (provided, that, if the 2015 Annual Meeting of Stockholders of the Company is adjourned, recessed or postponed, for
purposes of this Section 1.1 and Section 1.2(a) such meeting shall be deemed to have concluded upon such adjournment, recess or postponement, as applicable), (i) the Company’s board of directors (the
“Board”) shall take all action necessary and appropriate (including by amending the bylaws of the Company, if necessary) to cause the number of directors on the Board to be increased by two (2) and (ii) the Board shall
appoint two individuals selected by the Sponsors on behalf and for the benefit of the Principal Stockholder, who upon appointment will be Principal Stockholder Directors.” 

Section 1.3 Section 1.2(a) of the Agreement is hereby deleted in its entirety and replaced with the following: 

“(a) Following the later of (x) the Closing Date and (y) the conclusion of the 2015 Annual Meeting of Stockholders of the
Company, subject to Section 1.1, the other provisions of this Section 1.2 and Section 1.3, at each annual or special meeting of the stockholders of the Company at which directors are to be elected to the Board,
the Company will nominate and use its reasonable best efforts (which shall, subject to Applicable Law, include the inclusion in any proxy statement prepared, used, delivered or publicly filed by the Company to solicit the vote of its stockholders in
connection with any such meeting the recommendation of the Board that stockholders of the Company vote in favor of the slate of directors, including the Principal Stockholder Designee(s)) to cause the stockholders of the Company to elect to the
Board a slate of directors which includes, prior to a Principal Stockholder Rights Termination Event, the Principal Stockholder Designee(s).” 

 Section 1.4 Section 1.2 of the Agreement is hereby amended by inserting
the following sub-section (f) immediately after Section 1.2(e): 
 “(f) In the event the Principal Stockholder is
dissolved or liquidated or otherwise ceases to exist following the Closing Date and prior to the occurrence of any Principal Stockholder Rights Termination Event, (i) all references to the Principal Stockholder in this Article I shall
thereafter be deemed references to the Sponsors (which for this purpose shall not include, for the avoidance of doubt, any Bank Members) and (ii) without limiting the generality of the foregoing clause (i), the rights of the Principal
Stockholder under this Article I to designate Principal Stockholder Designee(s) or replacement Principal Stockholder Designee(s) to the Board shall become rights of the Sponsors (which for this purpose shall not include, for the avoidance of
doubt, any Bank Members); it being understood that, in such event, such rights shall be exercised by the Sponsors collectively and not individually.” 

Section 1.5 The defined term “Principal Stockholder Designee(s)” is hereby deleted in its entirety and replaced
with the following: 
 ““Principal Stockholder Designee(s)” means, subject to Section 1.2(f) and
Section 1.3, so long as the number of shares of Company Common Stock Beneficially Owned by the Principal Stockholder Investors in the aggregate continues to represent at least sixty percent (60%) of the shares of Company Common
Stock acquired by the Principal Stockholder as merger consideration at the Closing, two (2) individuals designated in writing by the Principal Stockholder (or, if applicable as provided in Section 1.2(f), the Sponsors) for election
or appointment to the Board; provided, that, in the event that the Principal Stockholder Investors Beneficially Own in the aggregate less than sixty percent (60%) of the shares of Company Common Stock acquired by the Principal
Stockholder as merger consideration at the Closing, “Principal Stockholder Designee(s)” means one (1) individual designated in writing by the Principal Stockholder (or, if applicable as provided in Section 1.2(f), the
Sponsors) for election or appointment to the Board, so long as the number of shares of Company Common Stock Beneficially Owned by the Principal Stockholder Investors in the aggregate continues to represent at least thirty percent (30%) of the
shares of Company Common Stock acquired by the Principal Stockholder as merger consideration at the Closing; provided, further, that, in the event that the number of shares of Company Common Stock Beneficially Owned by the Principal
Stockholder Investors represents less than thirty percent (30%) of the shares of Company Common Stock acquired by the Principal Stockholder as merger consideration at the Closing, “Principal Stockholder Designee(s)” means zero
(0) individuals.” 
 Section 1.6 The defined term “Standstill Period” is hereby deleted in its entirety and
replaced with the following: 
 ““Standstill Period” means, with respect to each of the Principal Stockholder
Investors and the Sponsors, from the Closing Date until the date that is the earlier of (a) the later of (x) the date on which the number of shares of Company Common Stock Beneficially Owned by the Principal Stockholder Investors
represents less than thirty percent (30%) of the shares of 

  
 2 

 
Company Common Stock acquired by the Principal Stockholder as merger consideration at the Closing and (y) one (1) year after the date on which there is no Principal Stockholder
Director(s) serving as a director on the Board (and the Principal Stockholder (or, if applicable as provided in Section 1.2(f), the Sponsors) either no longer has any rights under Article I to designate any Principal Stockholder
Designee(s) to serve on the Board or have irrevocably waived any such rights) and (b) the termination of this Agreement pursuant to Section 6.1.” 

Section 1.7 This Amendment and the Agreement (including the Exhibits and Schedules that form a part thereof), the Merger Agreement
and the Confidentiality Agreement (as such term is defined in the Merger Agreement) constitute the entire understanding of the parties hereto with respect to the transactions contemplated hereby and the subject matter contained herein, and supersede
all prior and contemporaneous agreements and understandings, both written and oral, among the parties with respect to the subject matter of this Amendment. 

Section 1.8 This Amendment and all matters arising out of or relating hereto, including its validity, construction and
interpretation, shall be governed by the laws of the State of Delaware, without regard to the laws as to choice or conflict of laws.  

Section 1.9 This Amendment may be executed in any number of counterparts (delivery of which may occur via facsimile or e-mail),
each of which shall be binding as of the date first written above, and, when delivered, all of which shall constitute one and the same instrument. A facsimile signature or electronically scanned copy of a signature shall constitute and shall be
deemed to be sufficient evidence of a party’s execution of this Amendment, without necessity of further proof. Each such copy shall be deemed an original, and it shall not be necessary in making proof of this Amendment to produce or account for
more than one such counterpart. 
 Section 1.10 Except as otherwise provided herein, the Agreement shall remain unchanged and in
full force and effect.  
 Section 1.11 From and after the execution of this Amendment by the parties hereto, any
reference to the Agreement shall be deemed to be a reference to the Agreement as amended by this Amendment. 
 Section 1.12
Article VI of the Agreement shall, to the extent not already set forth in this Amendment, apply mutatis mutandis to this Amendment.  

The remainder of this page left intentionally blank. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment by their authorized
representatives as of the date first above written. 
  

			
	ZIMMER HOLDINGS, INC.
		
	By:		 /s/ Chad F. Phipps

	Name:		Chad F. Phipps
	Title:		Senior Vice President, General Counsel and Secretary

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	LVB ACQUISITION HOLDING, LLC
		
	By:		 /s/ Max C. Lin

	Name:		Max C. Lin
	Title:		Director

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	BLACKSTONE CAPITAL PARTNERS V L.P.
		
	By:		Blackstone Management Associates V L.L.C., its General Partner
		
	By:		BMA V L.L.C., its Sole Member
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director
	
	BLACKSTONE CAPITAL PARTNERS V-AC L.P.
		
	By:		Blackstone Management Associates V L.L.C., its General Partner
		
	By:		BMA V L.L.C., its Sole Member
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director
	
	BCP V-S L.P.
		
	By:		Blackstone Management Associates V L.L.C., its General Partner
		
	By:		BMA V L.L.C., its Sole Member
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director
	
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP V L.P.
		
	By:		BCP V Side-by-Side GP L.L.C., its General Partner
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP V-SMD L.P.
		
	By:		Blackstone Family GP L.L.C., its General Partner
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director
	
	BLACKSTONE PARTICIPATION PARTNERSHIP V L.P.
		
	By:		BCP V Side-by-Side GP L.L.C., its General Partner
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director
	
	BCP V CO-INVESTORS L.P.
		
	By:		Blackstone Management Associates V L.L.C., its General Partner
		
	By:		BMA V L.L.C., its Sole Member
		
	By:		 /s/ Chinh Chu

	Name:		Chinh Chu
	Title:		Senior Mg Director

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	GS CAPITAL PARTNERS VI FUND, L.P.
		
	By:		GSCP VI Advisors, L.L.C., its General Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President
	
	GS CAPITAL PARTNERS VI PARALLEL, L.P.
		
	By:		GS Advisors VI, L.L.C., its General Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President
	
	GS CAPITAL PARTNERS VI OFFSHORE FUND, L.P.
		
	By:		GSCP VI Offshore Advisors, L.L.C., its General Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President
	
	GS CAPITAL PARTNERS VI GMBH & CO. KG
		
	By:		GS Advisors VI, L.L.C., its Managing Limited Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President
	
	GOLDMAN SACHS BMET INVESTORS, L.P.
		
	By:		GS BMET ADVISORS, L.L.C., its General Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	GOLDMAN SACHS BMET INVESTORS OFFSHORE HOLDINGS, L.P.
		
	By:		GS BMET OFFSHORE ADVISORS, INC., as General Partner
		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President
	
	PEP BASS HOLDINGS LLC
		
	By:		GSAM GEN-PAR, L.L.C., its Manager
		
	By:		 /s/ Jonathan Snider

	Name:		Jonathan Snider
	Title:		Authorized Signatory
	
	PRIVATE EQUITY PARTNERS 2004 DIRECT INVESTMENT FUND LP
		
	By:		GOLDMAN SACHS PEP 2004 DIRECT INVESTMENT ADVISORS, L.L.C., as General Partner
		
	By:		GSAM GEN-PAR, L.L.C., its Managing Member
		
	By:		 /s/ Jonathan Snider

	Name:		Jonathan Snider
	Title:		Authorized Signatory
	
	PRIVATE EQUITY PARTNERS 2005 DIRECT LP
		
	By:		GOLDMAN SACHS PEP 2005 DIRECT INVESTMENT ADVISORS, L.L.C., as General Partner
		
	By:		GSAM GEN-PAR, L.L.C., its Managing Member
		
	By:		 /s/ Jonathan Snider

	Name:		Jonathan Snider
	Title:		Authorized Signatory

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	PRIVATE EQUITY PARTNERS IX DIRECT LP
		
	By:		GOLDMAN SACHS PEP IX DIRECT INVESTMENT ADVISORS, L.L.C., as General Partner
		
	By:		GSAM GEN-PAR, L.L.C., its Managing Member
		
	By:		 /s/ Jonathan Snider

	Name:		Jonathan Snider
	Title:		Authorized Signatory
	
	GS LVB CO-INVEST, L.P.
		
	By:		 GS LVB ADVISORS, L.L.C.,
 as General
Partner

		
	By:		 /s/ Adrian Jones

	Name:		Adrian Jones
	Title:		Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
			
	KKR BIOMET, LLC
		
	By:		 /s/ William Janetschek

	Name:		William Janetschek
	Title:		Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
					
	TPG PARTNERS IV, L.P.
		
	By:		TPG GenPar IV, L.P., its General Partner
	By:		TPG Advisors IV, Inc., its General Partner
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President
	
	TPG PARTNERS V, L.P.
		
	By:		TPG GenPar V, L.P., its General Partner
	By:		TPG Advisors V, Inc., its General Partner
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President
	
	TPG FOF V-A, L.P.
		
	By:		TPG GenPar V, L.P., its General Partner
	By:		TPG Advisors V, Inc., its General Partner
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President
	
	TPG FOF V-B, L.P.
		
	By:		TPG GenPar V, L.P., its General Partner
	By:		TPG Advisors V, Inc., its General Partner
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement] 

 
					
	TPG LVB CO-INVEST LLC
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President
	
	TPG LVB CO-INVEST II LLC
		
	By:		 /s/ Ronald Cami

			Name:		Ronald Cami
			Title:		Vice President

  
 [Signature Page to
Amendment to Stockholders Agreement]

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