Document:

exv10w15

Exhibit 10.15

PREFERRED PROVIDER AUCTION PROPOSAL

PROPOSAL #40317

This Proposal is between:

IronPlanet, Inc. (“IronPlanet”) headquartered at 4695 Chabot Drive, Suite 102, Pleasanton,
California 95488

	 	 	 

	IronPlanet Authorized Representative:

	 	Mike Rich, Vice President, Sales
	 

	 	 

and the (“Seller”)

	 	 	 

	Company Name:

	 	Komatsu Financial L.P.
	 

	 	 

	 	 	 

	Location:

	 	One Continental Towers, 1701 W. Golf Road, Suite 300, Rolling Meadows, Illinois 60008
	 

	 	 

	 	 	 

	Authorized Representative/Title:

	 	Mr. Tim Tripas, Vice President Operations
	 

	 	 

	 	 	 	 	 	 	 

	Phone #:

	 	(847) 437-3595
	 	Fax #:
	 	(847) 437-7522
	 

	 	 
	 	 	 	 

	 	 	 

	Email Address:
	 	 
	 

	 	 

	 	 	 	 	 

	Date:

	 	February 9, 2010
	 	(“Effective Date”)
	 

	 	 	 	 

Seller agrees that upon the execution of this Proposal, Seller will register and accept IronPlanet’s

standard terms and conditions, located at http://www.ironplanet.com/pop/terms.jsp (the “Website”).

Section I. Offer

1.1 Preferred Provider 

	1.1.1	 	Offer

	 	i.	 	Consignment Rate: IronPlanet is offering a fixed commission
rate of [***]% for
all equipment consigned through IronPlanet’s Featured (unreserved) and Daily
(reserved) Auctions.
	 
	 	 	 	By way of comparison, IronPlanet’s standard published commission rates are
presented below:

Standard Commission Rates

	 	 	 	 	 
	Final Selling Price (per piece)	 	Commission Rate %
	Less than $5,000

	 	 	14	%
	$5,000 to $24,999

	 	 	10	%
	$25,000 and greater

	 	 	8	%

	 	ii.	 	Listing Fee: A Listing Fee is charged for each item of equipment sold
through IronPlanet’s auction channel. This Listing Fee covers the costs of
inspections of Seller’s consigned equipment. A copy of the 2010 Listing Fees is
attached hereto as Exhibit 2 of this Proposal. Seller will be charged the
prevailing listing fee at the time of consignment based on the type of equipment unit
consigned.

[***] Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

 

	 	iii.	 	Lien Search Fee: If applicable, a Lien Search fee of $35 will be assessed on
each unit of equipment for independent lien searches to verify clear ownership title
and any financial encumbrances on this equipment. As part of our preferred provider
relationship, IronPlanet will waive all lien search fees for Seller. In lieu of such
fees, Seller will warrant that all consigned units are unencumbered. The attached
Exhibit 1 should be used for this purpose. Seller will be responsible for disclosing
their liens when submitting their listing to IronPlanet.
	 
	 	iv.	 	Title Transfer Fee: If applicable, a Title Transfer Fee of $25 for each
title will be deducted from net proceeds of the sale.
	 
	 	v.	 	Make Ready Services: IronPlanet will assist Seller to facilitate make-ready
services on equipment to maximize price realization. Any work order exceeding $1,000
(not including cleaning) will be approved by Seller or the persons in remarketing
authorized to do so by Seller. All make ready services authorized by Seller will be
deducted from the net proceeds of sale.
	 
	 	vi.	 	Term and Termination: The term of this Proposal shall be a two (2) year
period commencing on the Effective Date. If a party elects to terminate this
Proposal, all such rights shall be in accordance with IronPlanet’s terms and
conditions located on the Website.

	1.1.2	 	Payment

	 	i.	 	Method: The cost of the Commissions, Listing, and Title Transfer Fee(s), as
applicable, will be deducted from the net proceeds of a sale.
	 
	 	ii.	 	Timing: Payment shall be made to Seller, by wire transfer approximately
fifteen (15) business days after the equipment is sold in auction.

1.2 Equipment Condition

	1.2.1	 	IronPlanet recommends (however, not required) that all equipment should be in good operating
condition, cleaned, and prepared for inspection and sale by IronPlanet. This may include, but
not limited to, the exterior, interior, and tires.

Section II. Common Terms and Conditions

2.1 Location, Decals, Storage & Records

	2.1.1	 	The equipment shall remain at the Seller’s location or Seller designated location following
inspection by IronPlanet until it is sold at auction.
	 
	2.1.2	 	No equipment storage charges will be levied upon IronPlanet and/or its auction buyers by
Seller for a period of up to thirty (30) business days following finalization of equipment
sale at auction.
	 
	2.1.3	 	If available, copies of the complete maintenance history records for the equipment will be
given to IronPlanet at least two (2) weeks prior to auction.

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 2 of 7

 

	2.1.4	 	Before an item can be sold in auction, it is the Seller’s responsibility to ensure that all
items of equipment shall have EPA stickers where required by operation of law and regulation
pertaining to diesel, non-road engines subject to EPA certification and labeling requirements.

2.2 Auction Dates & Opening Bids

	2.2.1	 	IronPlanet reserves the right to set all of the opening bids.
	 
	2.2.2	 	IronPlanet reserves the right to divide the equipment into multiple auctions.

Section III. Responsibilities

3.1 IronPlanet’s Auction Responsibilities

	3.1.1	 	IronPlanet agrees to market Seller’s equipment through various means, which may include
e-mail, industry periodicals, telemarketing and direct mail, incorporating any mailing lists
that Seller may provide.
	 
	3.1.2	 	IronPlanet agrees to provide Seller with a confirmation of sale listing equipment sold after
each auction.
	 
	3.1.3	 	IronPlanet agrees to coordinate the detailed inspections of the equipment to assure
accurate, timely, and detailed inspections.
	 
	3.1.4	 	For purposes of compliance with United States Export Control laws, IronPlanet will not allow
participation from nor allow shipments to any embargoed country or any party on the “Denied
Persons” list as designated by the United States Department of Commerce Bureau of Industry &
Security Office of Exporter Services and United States Department of Treasury Office of
Foreign Assets Controls.

3.2 Seller’s Responsibilities 

	3.2.1	 	Seller agrees to sell the equipment to the highest bidder with no bid-ins, no buy-backs, and
no individual bidding for the Seller.
	 
	3.2.2	 	Seller agrees to allow IronPlanet to divide the equipment into multiple auctions.
	 
	3.2.3	 	Seller agrees to provide free and clear title for all equipment prior to receiving payment.
See Exhibit 1.
	 
	3.2.4	 	For any titled equipment, the Seller will provide IronPlanet with either signed original
titles or a notarized Limited Power of Attorney (“LPOA”) and unsigned original titles two
weeks prior to auction. The LPOA will empower IronPlanet to sign in the name, place and stead
of Seller any Certificates of Ownership issued by the Division of Motor Vehicles of the
covering state. Failure to provide title(s) and/or LPOA will cause the impacted equipment to
be placed on hold and will not be made available for auction until such documentation is
provided.
	 
	3.2.5	 	Seller agrees to maintain insurance on and store machines listed with IronPlanet through the
end of the sale and units have shipped to the buyer via common carrier, or self transported by
the buyer.

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 3 of 7

 

	3.2.6	 	Seller agrees to provide access to buyers or common carriers during regular business hours
to retrieve the equipment as the pieces of equipment are sold.
	 
	3.2.7	 	Seller agrees to allow IronPlanet to utilize Seller’s name as a Seller on its Website.

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

 

 

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 4 of 7

 

Proposal Acceptance

This Proposal incorporates by reference IronPlanet’s standard terms and conditions which are
located on IronPlanet’s Website, which were read and agreed to by Seller as a condition of
registration. Except as may be otherwise provided herein, IronPlanet’s standard terms and
conditions shall apply to this Proposal.

IronPlanet and Seller hereby agree that a copy of this Proposal, which if transmitted by facsimile
(1-678-586-2305) or electronic mail, shall be binding and have the same force and effect as a
signed original. This Proposal shall be deemed in effect upon signature of both parties below:

Agreed to and Accepted By:

	 	 	 	 	 	 	 	 	 

	Komatsu Financial L.P.	 	 	 	IronPlanet, Inc.
	By:

	 	/s/ Tim Tripas
	 	 
	 	By:
	 	/s/ James Jeter
	 

	 	 
	 	 	 	 	 	 
	 

	 	(signature)
	 	 	 	 	 	(signature)
	 
	 	 	 	 	 	 	 	 
	Print Name:

	 	Tim Tripas
	 	 	 	Print Name:
	 	James Jeter
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	VP of Ops
	 	 	 	Title:
	 	Executive Vice President
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	6/14/2010
	 	 	 	Date:
	 	6/14/2010
	 

	 	 
	 	 	 	 	 	 

This Proposal shall not be copied, reproduced or provided to anyone other than the Seller, or its
Counsel, without prior written consent of IronPlanet. This Proposal is a confidential
communication between IronPlanet and Seller. IronPlanet has a bond (#70259768) on file with the
Secretary of State, California.

	 	 	 	 	 	 	 	 	 	 	 

	Select Seller Payment Instructions:

	 	o
	 	Company Check
	 	 	 	o
	 	Wire Transfer

	 	 	 	 	 

	If Wire Transfer, instructions:

	 	Beneficiary Name:	 	 
	 

	 	 	 	 
	 

	 	Beneficiary Acct. No.:	 	 
	 

	 	 	 	 
	 

	 	Bank Name:	 	 
	 

	 	 	 	 
	 

	 	Bank Location:	 	 
	 

	 	 	 	 
	 

	 	Bank (ABA) Routing No.:	 	 
	 

	 	 	 	 

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 5 of 7

 

Exhibit 1

Certification of Lien and Encumbrances

With the signature of this document, the signatory for Komatsu Financial L.P. (“Seller”)
certifies that all equipment listed with IronPlanet (“IronPlanet”) is or shall be free of all liens
and encumbrances prior to being placed in auction by IronPlanet and/or authorize IronPlanet to
remit auction proceeds as might otherwise accrue to the benefit of Seller to such lien holder(s).

If there are liens and they are not removed prior to auction, IronPlanet will pay any
proceeds from auction directly to the lien holder or holders in the case of multiple or
blanket liens.

IronPlanet will contact the lien holder and request a lien removal upon payment of outstanding
balance. Please be advised that IronPlanet will pay off the liens up to the amount received from
the auction sale. If additional payments are required to satisfy the lien, Seller agrees to be
responsible for the prompt payment of any remaining lien balances.

By and for Komatsu Financial L.P:

	 	 	 	 	 

	By:

	 	/s/ Tim Tripas
	 	 
	 

	 	 	 	 
	 

	 	(Signature)	 	 
	 
	 	 	 	 
	Title:

	 	VP of Ops	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:

	 	6/14/2010	 	 
	 

	 	 	 	 

NAMES of Potential Lien Holders (Name, Address, Phone #)

	 	1.	 	  

	 
	 	2.	 	  

	 
	 	3.	 	  

	 
	 	4.	 	  

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 6 of 7

 

Exhibit 2

2010 Listing Fees

(Included in separate attachment)

	 	 	 

	Preferred Provider Proposal

	 	Confidential

(v. 1.0)

Page 7 of 7

 

Inspection Rates — North America

The Matrix prices include single-unit inspections, as well as multi-unit inspections (multiple
units at same location). Pricing for single unit inspections is 150% of the multi-unit rate, but
subject to a minimum charge of $270 per trip.

Pricing for “Photos Only” inspections of non-powered units that include only the photos,
description and significant features but provide no condition report and no IronClad Assurance is
$70 each for multi-unit packages. TMs are requested to provide “Photos Only” inspections as
appropriate.

Pricing for “Photos & Basic Functionality” inspections of powered units that include photos,
description and significant features, along with basic functionality observations is $175 for
multiple units. IronClad Assurance is not provided.

Example of “Photos & Basic Functionality” Condition Reporting:

1997 Ford F150- “Engine runs, Transmission is bad”

For those trips when an inspector experiences an excessive delay due to equipment not being
immediately available for inspection (e.g. the unit cannot be located by the POC, the equipment is
under repair, etc.), the trip is subject to an additional “wait time” fee of $50 per hour.
Situations that require another trip to complete an inspection due to equipment availability issues
will be subject to a reinspection fee equal to 80% of the original inspection fee.

Pricing factors include consideration for travel cost, complexity of inspection, fluid analysis,
photography, administration, and report processing.

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	Aerial Work Platforms
	 	 	 	 	 	 	 	 
	Boom lift < 50’
	 	$	[***]	 	 	$	[***]	 
	Boom lift 50’ & above
	 	$	[***]	 	 	$	[***]	 
	Scissor Lift Electric
	 	$	[***]	 	 	$	[***]	 
	Scissor Lift Fueled
	 	$	[***]	 	 	$	[***]	 
	AWP- other one man lifts
	 	$	[***]	 	 	$	[***]	 
	Walk-Behind Lift
	 	$	[***]	 	 	$	[***]	 
	Aggregate
	 	 	 	 	 	 	 	 
	Conveyor
	 	$	[***]	 	 	$	[***]	 
	Crusher (w/o carrier)
	 	$	[***]	 	 	$	[***]	 
	Crushing Plant
	 	$	[***]	 	 	$	[***]	 
	Hopper
	 	$	[***]	 	 	$	[***]	 
	Pugmill Blending Machine
	 	$	[***]	 	 	$	[***]	 
	Screen
	 	$	[***]	 	 	$	[***]	 
	Screen Plant
	 	$	[***]	 	 	$	[***]	 
	Stacker
	 	$	[***]	 	 	$	[***]	 
	Ag Plant/Plant Components Operational Inspection
	 	P.O.R.	 	P.O.R.
	Air Compressors
	 	 	 	 	 	 	 	 
	Compressor < 400CFM
	 	$	[***]	 	 	$	[***]	 
	Compressor 400 CFM & above
	 	$	[***]	 	 	$	[***]	 
	Sand Blast Rig
	 	$	[***]	 	 	$	[***]	 
	Shop Air < 10HP
	 	$	[***]	 	 	$	[***]	 
	Asphalt/Paving/Concrete
	 	 	 	 	 	 	 	 
	Chip Spreader
	 	$	[***]	 	 	$	[***]	 
	Cold Planer <100HP
	 	$	[***]	 	 	$	[***]	 
	Cold Planer 100HP & above
	 	$	[***]	 	 	$	[***]	 
	Concrete Buggy
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for
confidential treatment.

 

 

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	Concrete Mixer: < 10HP
	 	$	[***]	 	 	$	[***]	 
	Concrete Plant / Asphalt Plant
	 	P.O.R.	 	P.O.R
	Concrete Pump
	 	$	[***]	 	 	$	[***]	 
	Concrete Pump Trailer
	 	$	[***]	 	 	$	[***]	 
	Concrete Pump Truck
	 	$	[***]	 	 	$	[***]	 
	Curb & Gutter Machine <100HP
	 	$	[***]	 	 	$	[***]	 
	Curb & Gutter Machine 100HP & Above
	 	$	[***]	 	 	$	[***]	 
	Distributor
	 	$	[***]	 	 	$	[***]	 
	Finisher
	 	$	[***]	 	 	$	[***]	 
	Forms
	 	$	[***]	 	 	$	[***]	 
	Grout Mixer
	 	$	[***]	 	 	$	[***]	 
	Grout Pump
	 	$	[***]	 	 	$	[***]	 
	Material Transfer Device / Shuttle Buggy
	 	$	[***]	 	 	$	[***]	 
	Paver
	 	$	[***]	 	 	$	[***]	 
	Portable Concrete Mixer
	 	$	[***]	 	 	$	[***]	 
	Power Trowel
	 	$	[***]	 	 	$	[***]	 
	Power Trowel Ride -On
	 	$	[***]	 	 	$	[***]	 
	Rebar Bender
	 	$	[***]	 	 	$	[***]	 
	Screed, Broom, Rebar Placer
	 	$	[***]	 	 	$	[***]	 
	Slip Form Paver
	 	$	[***]	 	 	$	[***]	 
	Spreader Box
	 	$	[***]	 	 	$	[***]	 
	Stabilizer/mixer
	 	$	[***]	 	 	$	[***]	 
	Tar Kettle
	 	$	[***]	 	 	$	[***]	 
	Walk Behind — Concrete Saw
	 	$	[***]	 	 	$	[***]	 
	Widener
	 	$	[***]	 	 	$	[***]	 
	Windrow Elevator
	 	$	[***]	 	 	$	[***]	 
	Attachments and Parts
	 	 	 	 	 	 	 	 
	All-Non Powered (Assumes Photos Only Inspections)
	 	$	[***]	 	 	$	[***]	 
	Buckets, Rakes, Forks, Etc
	 	 	 	 	 	 	 	 
	All Powered (Fueled or Hydraulic)
	 	$	[***]	 	 	$	[***]	 
	Brooms, Mills Augers, Hammers, Etc
	 	 	 	 	 	 	 	 
	Automobiles
	 	 	 	 	 	 	 	 
	Automobile (car)
	 	$	[***]	 	 	$	[***]	 
	Passenger Van
	 	$	[***]	 	 	$	[***]	 
	Backhoe Loaders
	 	 	 	 	 	 	 	 
	Loader Backhoe
	 	$	[***]	 	 	$	[***]	 
	Mini Backhoe
	 	$	[***]	 	 	$	[***]	 
	Bore/Trench/Drill Equipment
	 	 	 	 	 	 	 	 
	Bedding & Rock Box
	 	$	[***]	 	 	$	[***]	 
	Bucket wheeled Trencher
	 	$	[***]	 	 	$	[***]	 
	Cable Plow <100HP
	 	$	[***]	 	 	$	[***]	 
	Cable Plow 100HP & Up
	 	$	[***]	 	 	$	[***]	 
	Directional Boring Machine
	 	$	[***]	 	 	$	[***]	 
	Drill
	 	$	[***]	 	 	$	[***]	 
	Drill 0-3” Air Trac, Test Hole, Well Rigs
	 	$	[***]	 	 	$	[***]	 
	Drill 3” & above, Track or Truck Mounted
	 	$	[***]	 	 	$	[***]	 
	Foundation Auger- Large Track Mtd.
	 	$	[***]	 	 	$	[***]	 
	Kelly Bar Rig Only
	 	$	[***]	 	 	$	[***]	 
	Mud Mixing System
	 	$	[***]	 	 	$	[***]	 
	Rock Drill
	 	$	[***]	 	 	$	[***]	 
	Rock Saw < 100HP
	 	$	[***]	 	 	$	[***]	 
	Rock Saw 100HP & Above
	 	$	[***]	 	 	$	[***]	 
	Shoring Box / Trench Shield
	 	$	[***]	 	 	$	[***]	 
	Trencher
	 	$	[***]	 	 	$	[***]	 
	Trencher-Walk Behind
	 	$	[***]	 	 	$	[***]	 
	Underground Boring Tool
	 	$	[***]	 	 	$	[***]	 
	Vacuum System
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential treatment.

 

 

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	Brooms & Sweepers
	 	 	 	 	 	 	 	 
	Broom
	 	$	[***]	 	 	$	[***]	 
	Sweeper
	 	$	[***]	 	 	$	[***]	 
	Twin Engine Sweeper
	 	$	[***]	 	 	$	[***]	 
	Compactors
	 	 	 	 	 	 	 	 
	Vibratory Compactor
	 	 	 	 	 	 	 	 
	Double Drum Asphalt <48”
	 	$	[***]	 	 	$	[***]	 
	Double Drum Asphalt 48” & above
	 	$	[***]	 	 	$	[***]	 
	Single Drum Soil
	 	$	[***]	 	 	$	[***]	 
	Padfoot      < 48”
	 	$	[***]	 	 	$	[***]	 
	Padfoot         48” & above
	 	$	[***]	 	 	$	[***]	 
	Walk Behind Compactor
	 	$	[***]	 	 	$	[***]	 
	Static
	 	 	 	 	 	 	 	 
	Double Drum Asphalt <48”
	 	$	[***]	 	 	$	[***]	 
	Double Drum Asphalt 48” & above
	 	$	[***]	 	 	$	[***]	 
	Padfoot Powered
	 	$	[***]	 	 	$	[***]	 
	Landfill Compactor
	 	$	[***]	 	 	$	[***]	 
	Pull Type
	 	$	[***]	 	 	$	[***]	 
	Pneumatic
	 	 	 	 	 	 	 	 
	Powered
	 	$	[***]	 	 	$	[***]	 
	Trench Compactor
	 	$	[***]	 	 	$	[***]	 
	Jumping Jack Tamp
	 	$	[***]	 	 	$	[***]	 
	Vibratory Plate
	 	$	[***]	 	 	$	[***]	 
	Cranes
	 	 	 	 	 	 	 	 
	Overhead Crane
	 	$	[***]	 	 	$	[***]	 
	Lattice Boom Crawler Crane
	 	$	[***]	 	 	$	[***]	 
	Lattice Boom Truck Crane
	 	$	[***]	 	 	$	[***]	 
	Hydraulic Truck Crane
	 	$	[***]	 	 	$	[***]	 
	Rough Terrain Crane
	 	$	[***]	 	 	$	[***]	 
	Carry Deck Crane
	 	$	[***]	 	 	$	[***]	 
	Tow Behind Crane
	 	$	[***]	 	 	$	[***]	 
	Dozers
	 	 	 	 	 	 	 	 
	Pipelayer
	 	$	[***]	 	 	$	[***]	 
	Track Dozer: < 100 HP (D5 & Under)
	 	$	[***]	 	 	$	[***]	 
	Track Dozer: 100 HP to 500HP
	 	$	[***]	 	 	$	[***]	 
	Track Dozer: >500 HP
	 	$	[***]	 	 	$	[***]	 
	Wheel Dozer: To 500HP
	 	$	[***]	 	 	$	[***]	 
	Wheel Dozer: >500 HP
	 	$	[***]	 	 	$	[***]	 
	Excavators
	 	 	 	 	 	 	 	 
	Front Shovel
	 	$	[***]	 	 	$	[***]	 
	Mini Excavator
	 	$	[***]	 	 	$	[***]	 
	Track Excavator: < 70 Metric ton
	 	$	[***]	 	 	$	[***]	 
	Track Excavator 70 Metric ton & above
	 	$	[***]	 	 	$	[***]	 
	Wheel Excavator
	 	$	[***]	 	 	$	[***]	 
	Farm Equipment
	 	 	 	 	 	 	 	 
	Baler
	 	$	[***]	 	 	$	[***]	 
	Combine
	 	$	[***]	 	 	$	[***]	 
	Cotton Stripper
	 	$	[***]	 	 	$	[***]	 
	Farm Tractor — Non-Articulated
	 	$	[***]	 	 	$	[***]	 
	Farm Tractor — Articulated
	 	$	[***]	 	 	$	[***]	 
	Forage Harvester
	 	$	[***]	 	 	$	[***]	 
	Rubber Track Tractor
	 	$	[***]	 	 	$	[***]	 
	Seeder
	 	$	[***]	 	 	$	[***]	 
	Tillage Implement
	 	$	[***]	 	 	$	[***]	 
	Windrower
	 	$	[***]	 	 	$	[***]	 
	Sprayer
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for
confidential treatment.

 

 

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	Forestry
	 	 	 	 	 	 	 	 
	Chipper < 3”
	 	$	[***]	 	 	$	[***]	 
	Chipper 3” & above
	 	$	[***]	 	 	$	[***]	 
	Delimber
	 	$	[***]	 	 	$	[***]	 
	Feller Buncher — Track
	 	$	[***]	 	 	$	[***]	 
	Feller Buncher — Wheeled
	 	$	[***]	 	 	$	[***]	 
	Harvester —  Tracked
	 	$	[***]	 	 	$	[***]	 
	Harvester — Wheeled
	 	$	[***]	 	 	$	[***]	 
	Horizontal Grinder
	 	$	[***]	 	 	$	[***]	 
	Log Forwarder
	 	$	[***]	 	 	$	[***]	 
	Log Loader
	 	$	[***]	 	 	$	[***]	 
	Mulch Blower
	 	$	[***]	 	 	$	[***]	 
	Mulcher
	 	$	[***]	 	 	$	[***]	 
	Portable Sawmill
	 	$	[***]	 	 	$	[***]	 
	Skidder
	 	$	[***]	 	 	$	[***]	 
	Stump Cutter
	 	$	[***]	 	 	$	[***]	 
	Swing Machine
	 	$	[***]	 	 	$	[***]	 
	Tub Grinder
	 	$	[***]	 	 	$	[***]	 
	Yarder
	 	$	[***]	 	 	$	[***]	 
	Saw-Boom MTD RT Right-of-way
	 	$	[***]	 	 	$	[***]	 
	Forklifts
	 	 	 	 	 	 	 	 
	Telehandler
	 	$	[***]	 	 	$	[***]	 
	Rough Terrain
	 	$	[***]	 	 	$	[***]	 
	Pneumatic > 15,000 lb
	 	$	[***]	 	 	$	[***]	 
	Pneumatic < 15,000 lb
	 	$	[***]	 	 	$	[***]	 
	Cushion Tire
	 	$	[***]	 	 	$	[***]	 
	All Electric
	 	$	[***]	 	 	$	[***]	 
	All Pallet Jacks
	 	$	[***]	 	 	$	[***]	 
	Generators
	 	 	 	 	 	 	 	 
	Generator < 8 KW
	 	$	[***]	 	 	$	[***]	 
	Generator 8 KW - 99KW
	 	$	[***]	 	 	$	[***]	 
	Generator 100KW - 299KW
	 	$	[***]	 	 	$	[***]	 
	Generator 300KW & above
	 	$	[***]	 	 	$	[***]	 
	Golf Cart
	 	 	 	 	 	 	 	 
	Golf Cart, Industrial Cart
	 	$	[***]	 	 	$	[***]	 
	Graders
	 	 	 	 	 	 	 	 
	Motor Grader
	 	$	[***]	 	 	$	[***]	 
	Light Towers
	 	$	[***]	 	 	$	[***]	 
	Loaders
	 	 	 	 	 	 	 	 
	Landscape Loader / Skip Loader
	 	$	[***]	 	 	$	[***]	 
	Tool Carrier
	 	$	[***]	 	 	$	[***]	 
	Track Loader < 7CY (CAT 980)
	 	$	[***]	 	 	$	[***]	 
	Track Loader 7CY & above
	 	$	[***]	 	 	$	[***]	 
	Wheel Loader < 7CY (CAT 980)
	 	$	[***]	 	 	$	[***]	 
	Wheel Loader 7CY & above
	 	$	[***]	 	 	$	[***]	 
	Mining
	 	 	 	 	 	 	 	 
	Dragline
	 	P.O.R.	 	P.O.R.
	Motorcycles
	 	 	 	 	 	 	 	 
	Motorcycle
	 	$	[***]	 	 	$	[***]	 
	Office Trailer
	 	 	 	 	 	 	 	 
	Office Trailer
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential treatment.

 

 

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	On-Road Trailers
	 	 	 	 	 	 	 	 
	Bulk Trailer w/Pneumatic System
	 	$	[***]	 	 	$	[***]	 
	Bulk Trailer w/Pneumatic System — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Dump Trailer (Rear & Bottom)
	 	$	[***]	 	 	$	[***]	 
	Dump Trailer (Rear & Bottom) — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Equipment Trailer
	 	$	[***]	 	 	$	[***]	 
	Equipment Trailer — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Flatbed Trailer
	 	$	[***]	 	 	$	[***]	 
	Flatbed Trailer — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: Single & tandem axle
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: Single & tandem axle — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: 3 axle
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: 3 axle — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: 4-5 axle
	 	$	[***]	 	 	$	[***]	 
	Low Boy Trailer: 4-5 axle — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Reefer Trailer
	 	$	[***]	 	 	$	[***]	 
	Reefer Trailer — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Specialty Trailer: > 5 axle
	 	$	[***]	 	 	$	[***]	 
	Specialty Trailer: > 5 axle — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Tag Along Trailer > 10 Ton
	 	$	[***]	 	 	$	[***]	 
	Tag Along Trailer > 10 Ton — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Tanker Trailer
	 	$	[***]	 	 	$	[***]	 
	Tanker Trailer — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Utility < 10 ton
	 	$	[***]	 	 	$	[***]	 
	Utility < 10 ton — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Van Trailer
	 	$	[***]	 	 	$	[***]	 
	Van Trailer — With Safety Compliance Check
	 	$	[***]	 	 	$	[***]	 
	Recycling Equipment
	 	 	 	 	 	 	 	 
	Baler
	 	$	[***]	 	 	$	[***]	 
	Grinder / Shredder
	 	$	[***]	 	 	$	[***]	 
	Scrapers
	 	 	 	 	 	 	 	 
	Motor Scraper — Twin Engine
	 	$	[***]	 	 	$	[***]	 
	Motor Scraper — Elevating
	 	$	[***]	 	 	$	[***]	 
	Motor Scraper — Single Engine
	 	$	[***]	 	 	$	[***]	 
	Pull Scraper
	 	$	[***]	 	 	$	[***]	 
	Pull Scraper Rig w Tractor
	 	$	[***]	 	 	$	[***]	 
	Water Wagon
	 	$	[***]	 	 	$	[***]	 
	Skid-Steers
	 	 	 	 	 	 	 	 
	Multi-Terrain Loader
	 	$	[***]	 	 	$	[***]	 
	Skid-Steer Loader
	 	$	[***]	 	 	$	[***]	 
	Tires/Wheels
	 	 	 	 	 	 	 	 
	Tires
	 	$	[***]	 	 	$	[***]	 
	Tools (pallet-sized lots encouraged)
	 	 	 	 	 	 	 	 
	Saws, Drills, Jacks, Etc, w/o Functional Test
	 	$	[***]	 	 	$	[***]	 
	Saws, Drills, Etc, w/ Functional Test
	 	$	[***]	 	 	$	[***]	 
	Misc Tools/Equipment <8HP w/ Functional Test
	 	$	[***]	 	 	$	[***]	 
	Traffic Control
	 	 	 	 	 	 	 	 
	Arrow Board
	 	$	[***]	 	 	$	[***]	 
	Barrier
	 	$	[***]	 	 	$	[***]	 
	Message Board
	 	$	[***]	 	 	$	[***]	 
	Radar Speed Sign
	 	$	[***]	 	 	$	[***]	 
	Traffic Signal
	 	$	[***]	 	 	$	[***]	 
	Trucks — Off-Road
	 	 	 	 	 	 	 	 
	Articulated Dump Truck
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential treatment.

 

 

Updated as of January 1, 2010

	 	 	 	 	 	 	 	 	 
	Equipment Type	 	Single-Unit Rate	 	Multi-Unit Rate
	Off-Road End Dump < 50 Ton
	 	$	[***]	 	 	$	[***]	 
	Off-Road End Dump 50 Ton and Up
	 	$	[***]	 	 	$	[***]	 
	Track Truck
	 	$	[***]	 	 	$	[***]	 
	Water Truck
	 	$	[***]	 	 	$	[***]	 
	Water Wagon > 5000 gal
	 	$	[***]	 	 	$	[***]	 
	Trucks — On-Road
	 	 	 	 	 	 	 	 
	Boom Truck-Single Axle
	 	$	[***]	 	 	$	[***]	 
	Boom Truck-Tandem Axle
	 	$	[***]	 	 	$	[***]	 
	Bucket truck
	 	$	[***]	 	 	$	[***]	 
	Bus
	 	$	[***]	 	 	$	[***]	 
	Cab and Chassis
	 	$	[***]	 	 	$	[***]	 
	Digger Derrick
	 	$	[***]	 	 	$	[***]	 
	Mixer Truck
	 	$	[***]	 	 	$	[***]	 
	Dump Truck — Single or Tandem axle
	 	$	[***]	 	 	$	[***]	 
	Dump Truck: > 2 Rear Axle
	 	$	[***]	 	 	$	[***]	 
	Flat Bed Truck
	 	$	[***]	 	 	$	[***]	 
	Fuel / Lube w/ reels & pumps
	 	$	[***]	 	 	$	[***]	 
	Garbage Collection Truck
	 	$	[***]	 	 	$	[***]	 
	Highway Tractor
	 	$	[***]	 	 	$	[***]	 
	Motor Home
	 	$	[***]	 	 	$	[***]	 
	Pickup
	 	$	[***]	 	 	$	[***]	 
	Rollback Truck
	 	$	[***]	 	 	$	[***]	 
	Service Truck
	 	$	[***]	 	 	$	[***]	 
	Snow Plow Truck
	 	$	[***]	 	 	$	[***]	 
	Stake Truck
	 	$	[***]	 	 	$	[***]	 
	SUV
	 	$	[***]	 	 	$	[***]	 
	Vacuum Truck (Super Sucker)
	 	$	[***]	 	 	$	[***]	 
	Van
	 	$	[***]	 	 	$	[***]	 
	Water Truck
	 	$	[***]	 	 	$	[***]	 
	Winch truck
	 	$	[***]	 	 	$	[***]	 
	Water Related Equipment
	 	 	 	 	 	 	 	 
	Water Pump
	 	$	[***]	 	 	$	[***]	 
	Water Tower
	 	$	[***]	 	 	$	[***]	 
	Water Truck
	 	$	[***]	 	 	$	[***]	 
	Water Wagon
	 	$	[***]	 	 	$	[***]	 
	Welders
	 	 	 	 	 	 	 	 
	Specialty Welding Units
	 	$	[***]	 	 	$	[***]	 
	Welders — Electric
	 	$	[***]	 	 	$	[***]	 
	Welders — Electric Multi Arc
	 	$	[***]	 	 	$	[***]	 
	Welders — Fueled
	 	$	[***]	 	 	$	[***]	 

 

			
	[***]	 	Indicates portions of this exhibit that have been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential treatment.exv10w1

Exhibit 10.1

MYMETICS CORPORATON

Route de la Corniche 4

CH-1066 Epalinges, Switzerland

July 30, 2010

Mr. Ernst Luebke

39, Route d’Arzier

1273 Arzier, Switzerland

Dear Ernst:

     This letter is to set forth the agreement between Mymetics Corporation and its subsidiaries
(“Mymetics”) and you concerning the termination of your employment with Mymetics (this
“Agreement”).

     1. Date of Termination. Your employment as CFO of Mymetics is terminated effective July 30,
2010 (“Termination Date”).

     2. Board Resignation. You agree that effective December 31, 2010 you will resign from the
various Mymetics’ Boards of Directors on which you serve as a director.

     3. Separation Pay. Mymetics agrees to enter into a Consulting Agreement commencing August 1,
2010 in the form attached as Exhibit A to this Agreement pursuant to which you will
have the title of Senior Advisor to the President. Mymetics will pay you CHF 25,000 per month
through December 31, 2010 for such consulting services. Mymetics will also pay to you all of your
reasonable business expenses incurred on behalf of Mymetics through the date of this Agreement.

     4. Return of Mymetics’ Property. You agree to return all property and confidential
information of Mymetics that is in your possession upon the date of this Agreement, including any
computers, software, keys, access cards, etc.

     5. Stock Options. You will receive an option under Mymetics’ 2009 Stock Incentive Plan to
acquire 250,000 shares of Mymetics common stock. The option shall be fully vested as of the date of
grant which was December 3, 2009.

     6. Cessation of Contacts; Certain Relationships. You agree that, except as requested by the
President of Mymetics, you will not have any further business contacts nor interfere in any way
with prospective investors, customers, current or future merger partners, joint venture or
strategic partners, lenders, banks, investors or acquisition targets of Mymetics, of which you have
knowledge as of the date of your execution of this Agreement.

 

 

Mr. Ernst Luebke

July 30, 2010

Page 2

     7. Condition Precedent. All obligations of both parties under this Agreement are specifically
conditioned upon each party’s compliance with their respective obligations herein.

     8. Confidentiality. Because, as part of your employment, you had access to information of a
nature not generally disclosed to the public, you will be expected, and hereby agree, to keep
confidential and not disclose to anyone, for a period of five years from the date of this
Agreement, the business, proprietary, and trade secret information in your possession, as well as
the personal, confidential, or otherwise proprietary information regarding Mymetics’s employees,
personnel practices and related matters. This obligation is understood to be in addition to any
agreements you may have signed with Mymetics concerning non-competition, non-disclosure, secrecy,
security, new products and services, ideas, inventions, and confidential data, which agreements
will remain in full force and effect. You agree that you will not take, copy, use or distribute in
any form or manner documents or information which Mymetics reasonably deems proprietary, including,
but not limited to, lists of customers or potential customers, financial information, business and
strategic plans, and codes, access codes, and other similar materials or information. Unless as
otherwise required by law, or agreed upon, Mymetics and you agree not to disclose the terms of this
Agreement to any person or entity other than officers, directors and employees of Mymetics or legal
counsel, consultants and other professionals retained by Mymetics or you who need to know such
information in connection with such employment or engagement and who have agreed to preserve the
confidentiality of such information.

     9. Non-Disparagement. You agree that you will not make any statements that disparage
Mymetics, including its successors, assigns, parents, subsidiaries, divisions, affiliates,
officers, directors, employees, agents and representatives, with respect to any matter whatsoever.
Mymetics and its successors, assigns, officers, directors, employees, agents and attorneys agree
that they will not make any statements that disparage you with respect to any matter whatsoever.
If inquiry is made regarding the reasons for your departure by any third party, the parties agree
hat said third party will be informed that you left to
prepare for your retirement and that you continued to serve as Advisor to the President until the
end of 2010.

     10. Release.

     a. In connection with the benefits being provided to you under this Agreement, certain of
which, absent this Agreement, you would not be entitled to receive, you, on behalf of yourself,
your heirs, estate, executors, administrators, successors and assigns, hereby irrevocably and
unconditionally release, acquit and forever discharge Mymetics, its former, current and future
directors, officers, and employees acting in their official capacities, and all their successors
and assigns, and all agents of Mymetics (all of which are hereinafter collectively referred to in
this Section as “Mymetics”), from any and all claims, demands, losses, liabilities, and causes of
action of any type (“Claims”) arising or accruing on or before the date this Agreement is
executed, as a result of or because of any act, omission, or failure to act by Mymetics,
including but not limited to those directly related to or relating in any way to your employment
by, investment in, association with, and termination of employment with Mymetics (hereinafter
collectively referred to as “Claims”). This release includes, but is not limited to Claims arising
under the Age Discrimination in Employment Act, the Older Workers Benefit

 

 

Mr. Ernst Luebke

July 30, 2010

Page 3

Protection Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the
Civil Rights Act of 1866, the Civil Rights Act of 1991, the Federal Equal Pay Act, the Family and
Medical Leave Act, the Immigration Reform and Control Act, the Uniformed Services Employment and
Reemployment Rights Act, the Employee Retirement Income Security Act, the Workers Adjustment and
Retraining Notification Act, the Fair Labor Standards Act, the National Labor Relations Act, and
under any other federal, state, and local laws or regulations in the United States or Switzerland,
and any Claims under common law, including but not limited to any claims for wrongful discharge,
breach of contract, and any and all tort claims. THIS IS A GENERAL RELEASE, with the sole
exception of the obligations of Mymetics to you under this Agreement.

     b. Mymetics and its successors, assigns, officers, directors and employees acting in their
official capacities and their successors and assigns, and all agents of Mymetics do hereby agree to
forever release you, your heirs, estate, executors, administrators, successors and assigns
(hereinafter collectively referred to as your “Releasees”), from any and all Claims of any kind
whatsoever, which Mymetics ever had, now has or may have against you and your Releasees or any of
them, in law or equity, whether known or unknown, for, upon, or by reason of, any matter
whatsoever, including any act, omission, or failure to act by you, occurring up to the date this
Release is signed by Mymetics, including without limitation claims directly related to or relating
in any way to your employment by, association with, and termination of employment with Mymetics .
THIS IS A GENERAL RELEASE, with the sole exception of Claims to enforce Mymetics’s rights under, or
with respect to, this Agreement.

     11. Noncompete and Nonsolicitation. For a period of two (2) years from the execution of this
Agreement, you will not (a) directly or indirectly own, manage, operate, join, control, participate
in, invest in, or otherwise be connected with, in any manner, whether as an officer, director,
employee, partner, investor or otherwise, any business entity that is engaged in any other business
in which Mymetics is engaged as of the date of this Agreement, (1) in all locations in which
Mymetics is pursuing its business plan or doing business, and (2) in all locations in respect of
which Mymetics is actively planning for and/or pursuing a business opportunity; (b) for yourself or
on behalf of any other person, partnership, corporation or entity, call on any merger partner,
investor, target company, or customer of Mymetics for the purpose of soliciting, diverting or
taking away any such merger partner, bank, investor, target company, or customer
from Mymetics (1) in all locations in which Mymetics is doing business or pursuing its
business plan, and (2) in all locations in respect of which Mymetics is actively planning for
and/or pursuing its business plan, an acquisition or other business opportunity, or (c) induce,
influence or seek to induce or influence any person engaged as an employee, representative, agent,
independent contractor or otherwise by Mymetics, to terminate his or her relationship with
Mymetics. Nothing herein contained shall be deemed to prohibit you from (x) investing your funds
in securities of an issuer if the securities of such issuer are listed for trading on a national
securities exchange or are traded in the over-the-counter market and your holdings therein
represent less than 2% of the total number of shares or principal amount of the securities of such
issuer outstanding, or (y) owning securities, regardless of amount, of Mymetics.

     12. Compliance with Older Workers Benefit Protection Act. The parties acknowledge and
agree that, in accordance with the Older Workers Benefit Protection Act, you

 

 

Mr. Ernst Luebke

July 30, 2010

Page 4

have been informed that you have twenty-one (21) days from the date this Agreement is
initially offered to you to consider the offer detailed in this Agreement (although Mymetics would
hope to conclude this matter as quickly as possible). In addition, you understand that you may
revoke this Agreement at any time within seven (7) days after it is signed by you. Any revocation
must be in writing and delivered to Jacques-François Martin within eight (8) days of signing this
Agreement to be effective. Any revocation should be transmitted to Jacques-François Martin,
President, Mymetics Corporation, at its address above, fax number (021) 653 2473.
Because of your right to revoke this Agreement, it
shall not become effective until the eighth (8th) day after it has been signed, and you
will not be paid or otherwise provided any portion of your compensation under this Agreement until
it becomes effective.

     13. Indemnification. Mymetics agrees that if you are made a party, or are threatened to be
made a party, to any action, suit or proceeding, whether civil, criminal, administrative or
investigative, including any case brought against you in any country by Dr. Pierre-Francois Serres
as a direct or indirect result of an alleged wrongful termination of him by Mymetics or any other
reason (a “Proceeding”), by reason of the fact that you were a shareholder, director, officer,
agent or employee of Hippocampe SA, Mymetics or any subsidiary or were serving at the request of
Hippocampe SA, Mymetics or any subsidiary as a director, officer, member, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, including service with
respect to employee benefit plans, whether or not the basis of such Proceeding is your alleged
action in an official capacity while serving as a director, officer, member, employee or agent, you
shall be indemnified and held harmless by Mymetics to the fullest extent legally permitted or
authorized by its certificate of incorporation or bylaws or resolutions of Mymetics’s certificate
of incorporation or bylaws or resolutions of its Board of Directors or, if greater, by the laws of
the
State of Delaware, against all cost, expense, liability and loss (including, without
limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or
to be paid in settlement) reasonably incurred or suffered by you in connection therewith, and such
indemnification shall continue as to you even if you have ceased to be a director, member, officer,
employee or agent of Mymetics or other entity and shall inure to the benefit of your heirs,
executors and administrators. This indemnification provision shall extend to the assistance you
provide pursuant to this Agreement.

     14. Non-Admission of Liability. By making this Agreement, you and Mymetics are not admitting
that either has committed any wrong. The parties agree that this Agreement is inadmissible as
evidence in any proceeding, legal or otherwise, except to the extent necessary to enforce its
provisions.

     15. Future Cooperation. You agree that, subsequent to the execution of this Agreement, you
will reasonably cooperate with Mymetics, its attorneys, agents, employees, and representatives in
connection with any lawsuit, charge, claim, subpoena, or investigation filed against Mymetics, to
the extent such business, lawsuit, charge, claim, subpoena, or investigation directly and
materially related to your actions (including any failure to act), conduct, duties, and/or
responsibilities during your employment with Mymetics, either as an employee, officer, or director.
You also agree you will reasonably cooperate with Mymetics in connection with any regulatory
filings in connection with your termination of employment or activities in connection with your
role as an employee, officer or director of Mymetics. Such cooperation shall be

 

 

Mr. Ernst Luebke

July 30, 2010

Page 5

without any additional compensation, except for reimbursement for reasonable expenses incurred by
you for activities authorized in advance by Mymetics.

     16. Press Release. Mymetics will draft a press release to express its appreciation for the
contributions that you have made to Mymetics to announce your resignation as CFO of Mymetics and
that will be mutually satisfactory to both parties.

     17. Remedies for Breach. You understand that Mymetics may sustain irreparable injury if you
violate Sections 8, 9 or 11 of this Agreement. In order to limit or prevent such irreparable
injury, Mymetics shall have the right to enforce this Agreement and any of the provisions of
Sections 5, 6 or 11 by injunction, specific performance or other equitable relief, without bond and
without prejudice to any other rights and remedies that Mymetics may have for a breach of this
Agreement. In addition, you understand that a material breach of this Agreement by you will result
in termination of any payments to you under this Agreement and forfeiture of any past payments made
to you under this Agreement as well as termination of any stock that has not vested under the terms
of this Agreement.

     18. Severability. If any provision of this Agreement or the application thereof, to any
extent shall be held to be invalid or unenforceable, the remainder of the Agreement may be enforced
to the fullest extent permitted by law.

     19. Binding Effect. This Agreement is binding upon the successors and assigns of you and
Mymetics. Neither party may assign or delegate its or his obligations with respect to this
Agreement without the other party’s prior written consent.

     20. Entire Agreement. The understandings set forth herein represent the entire agreement of
the parties with respect to the matters contained herein. The parties have not relied upon any
other agreements, understandings or representations except to the extent specifically set further
herein. Your Employment Agreement dated July 1, 2006 between you and the Company is hereby
terminated and hereafter shall be null and void. This Agreement may not be altered or modified
except by mutual agreement of the parties, evidenced in writing and executed by both parties and
specifically identified as an amendment to this Agreement. This Agreement shall be governed by and
interpreted in accordance with the laws of the State of Delaware without regard to its conflict of
law provisions.

     You represent and acknowledge that in executing this Agreement you are not relying upon any
representation or statement made by any Mymetics representative with regard to the subject matter,
basis or effect of this Agreement.

     21. Review Rights. Both parties acknowledge that they have been given an adequate opportunity
to review this Agreement, that they understand its terms and effects, that they have
consulted with counsel prior to executing this Agreement, and that they have signed this Agreement
knowingly, voluntarily and of their own free will.

 

 

Mr. Ernst Luebke

July 30, 2010

Page 6

     22. Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which, when taken together, shall constitute one and the same
instrument.

     By signing below, the parties signify that they have read the terms of this Agreement, fully
understand its terms, are voluntarily agreeing to those terms, and intend to be legally bound.

	 	 	 	 	 
	 	Sincerely,

MYMETICS CORPORATION

 	 
	 	By:  	/s/ Jacques-François Martin 	 
	 	 	Jacques-François Martin, President 	 
	 	 	 	 
	 	Date:  	August 5, 2010	 

	 	 	 	 	 
	READ AND AGREED TO:

 	 	 
	/s/ Ernst Luebke
 	 	 
	Ernst Luebke 	 	 

Date: August 5, 2010

 

 

Exhibit A

CONSULTING AGREEMENT

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