Document:

Exhibit
4.2

 

NEITHER
THE SECURITIES REPRESENTED BY THIS WARRANT NOR THE SECURITIES INTO WHICH THIS WARRANT IS EXERCISABLE HAVE BEEN REGISTERED WITH
THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR REASONABLY ACCEPTABLE TO THE COMPANY TO SUCH EFFECT,
THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

No.
NOV17-[01]

 

COMMON
STOCK PURCHASE WARRANT

 

To
Purchase [________] Shares of Common Stock of

 

WIZE
PHARMA, INC.

 

THIS
COMMON STOCKPURCHASE WARRANT (this “Warrant”) CERTIFIES that, for value received, [___________________]
(the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time or from time to time on or after the date of issuance of this Warrant (such date, the “Initial
Exercise Date”) and on or prior to 5:00 p.m., New York time, on November 16, 2020 (the “Expiration Date”)
but not thereafter, to subscribe for and purchase from Wize Pharma, Inc., a Delaware corporation (the “Company”),
up to [___________] (the “Warrant Shares”) shares of Common Stock, par value $ 0.001 per share, of the Company
(the “Common Stock”). The purchase price of one Warrant Share (the “Exercise Price”) under
this Warrant shall be $0.082, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the
Warrant is exercisable shall be subject to adjustment as provided herein.

 

1.
Title to Warrant. Prior to the Expiration Date and subject to compliance with applicable laws and Section 7 of this
Warrant, this Warrant and all rights hereunder are transferable, in whole or in part, at the office or agency of the Company by
the Holder in person or by duly authorized attorney, upon surrender of this Warrant together with the Assignment Form annexed
hereto properly endorsed. The transferee shall, as a condition to such transfer, sign and deliver to the Company an investment
letter in form and substance reasonably satisfactory to the Company.

 

2.
Authorization of Shares. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase
rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant in accordance with the
terms hereof, be duly authorized, validly issued, fully paid and nonassessable and free from all liens imposed by the Company
other than taxes in respect of any transfer occurring contemporaneously with such issue and restrictions arising under applicable
securities laws.

 

     

     

    

 

3.
Exercise of Warrant.

 

(a)
Exercise of the purchase rights represented by this Warrant may be made at any time or times on or after the Initial Exercise
Date and on or before the Expiration Date by surrender of this Warrant and delivery of a fully completed and duly executed copy
of the Notice of Exercise Form annexed hereto to the Company at its principal office (or such other office or agency of the Company
as it may designate by notice in writing to the registered Holder at the address of such Holder appearing on the books of the
Company) along with payment of the aggregate Exercise Price of the Warrant Shares thereby purchased by wire transfer or cashier’s
check drawn on a United States bank. Certificates for Warrant Shares purchased hereunder shall be delivered to the Holder within
ten (10) trading days from the delivery to the Company of the Notice of Exercise Form, surrender of this Warrant and payment of
the aggregate Exercise Price as set forth above (“Warrant Share Delivery Date”). This Warrant shall be deemed
to have been exercised immediately prior to the close of business on the date the Notice of Exercise Form, this Warrant and the
aggregate Exercise Price is delivered to the Company. The Warrant Shares shall be deemed to have been issued, and Holder or any
other person so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes,
as of the date the Warrant has been exercised by payment to the Company of the Exercise Price and all taxes required to be paid
by the Holder, if any, pursuant to Section 5 prior to the issuance of such shares, have been paid. If the Company fails
to deliver to the Holder a certificate or certificates representing the Warrant Shares pursuant to this Section 3(a) by
the tenth (10th) trading days following the Warrant Share Delivery Date, then the Holder will have the right to rescind
such exercise upon written notice to the Company; provided such notice was delivered to the Company prior to the Company’s
cure of such untimely performance.

 

(b)
If this Warrant shall have been exercised in part, the Company shall, at the time of delivery of the certificate or certificates
representing Warrant Shares, deliver to Holder a new Warrant evidencing the rights of Holder to purchase the unpurchased Warrant
Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

 

4.
No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which Holder would otherwise be entitled to purchase upon such exercise, the Company
shall pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price.

 

5.
Charges, Taxes and Expenses. Issuance of certificates for Warrant Shares shall be made without charge to the Holder for
any issue or transfer tax or other incidental expense in respect of the issuance of such certificate, all of which taxes and expenses
shall be paid by the Company, and such certificates shall be issued in the name of the Holder or in such name or names as may
be directed by the Holder; provided, however, that in the event certificates for Warrant Shares are to be issued
in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment
Form attached hereto duly executed by the Holder; and the Company may require, as a condition thereto, the payment of a sum sufficient
to reimburse it for any transfer tax incidental thereto. Notwithstanding anything to the contrary hereunder, the Holder shall
be responsible for income and gift taxes due under federal, state or other law, if any such tax is due.

 

    	 	2	 

     

    

 

6.
Reserved.

 

7.
Transfer, Division and Combination.

 

(a)
Subject to compliance with any applicable securities laws and the conditions set forth in Sections 1 and 7(e) hereof, this
Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office
of the Company, together with a written assignment of this Warrant substantially in the form attached hereto fully completed and
duly executed by the Holder and the assignee (or their respective agent or attorney) and funds sufficient to pay any transfer
taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute
and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denomination or denominations specified
in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so
assigned, and this Warrant shall promptly be cancelled. A Warrant, if properly assigned, may be exercised by a new holder for
the purchase of Warrant Shares without having a new Warrant issued.

 

(b)
This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together
with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its
agent or attorney. Subject to compliance with Section 7(a), as to any transfer which may be involved in such division or
combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided
or combined in accordance with such notice.

 

(c)
The Company shall prepare, issue and deliver at its own expense (other than transfer taxes) the new Warrant or Warrants under
this Section 7.

 

(d)
The Company agrees to maintain, at its aforesaid office, books for the registration and the registration of transfer of the Warrants.

 

(e)
The Company may require, as a condition of allowing any transfer of this Warrant (i) that the Holder or transferee of this Warrant
or Warrant Shares, as the case may be, furnish to the Company an executed copy of the Assignment Form attached hereto and a written
opinion of counsel (which opinion shall be reasonably acceptable to the Company as to form, substance and scope) to the effect
that such transfer may be made without registration under the Securities Act and under applicable state securities or blue sky
laws, (ii) that the Holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable
to the Company and (iii) that the transferee be an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3),
(a)(7), or (a)(8) promulgated under the Securities Act or a qualified institutional buyer as defined in Rule 144A(a) under the
Securities Act.

 

    	 	3	 

     

    

 

8.
No Rights as Shareholder until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights
as a shareholder of the Company prior to the exercise hereof and the payment of the Exercise Price in accordance with the terms
hereof.

 

9.
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of an indemnity agreement or security reasonably satisfactory to it in form
and amount, or, if mutilated, upon surrender and cancellation of such Warrant or stock certificate, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

 

10.
Fridays, Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration
of any right required or granted herein shall be a Friday, Saturday, Sunday or a legal holiday, then such action may be taken
or such right may be exercised on the next succeeding day not a Friday, Saturday, Sunday or legal holiday.

 

11.
Adjustments of Exercise Price and Number of Warrant Shares; Stock Splits, etc. The number and kind of securities purchasable
upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of
any of the following. In case the Company shall (a) subdivide its outstanding Common Stock into a greater number of shares, (b)
combine its outstanding Common Stock into a smaller number of shares, or (c) issue any shares of its capital stock in a reclassification
of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall
be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company
which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such
adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder
shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an
Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such
adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the
number of Warrant Shares or other securities of the Company that are purchasable pursuant hereto immediately thereafter. An adjustment
made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record
date, if any, for such event.

 

    	 	4	 

     

    

 

12.
Reorganization, Reclassification, Merger, Consolidation or Disposition of Assets. In case the Company shall reorganize
its capital, reclassify its capital stock, consolidate or merge with or into another corporation (where the Company is not the
surviving corporation or where there is a change in or distribution with respect to the Common Stock not covered by Section 11
hereof), or sell, transfer or otherwise dispose of its assets or business that generated at least 50% of the revenues of the Company,
on a consolidated basis, immediately prior to such sale or disposition, to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of assets, shares of common stock of the successor or acquiring
corporation, or any cash, shares of stock or other securities or property of any nature whatsoever (including warrants or other
subscription or purchase rights) in addition to or in lieu of common stock of the successor or acquiring corporation (“Other
Property”), are to be received by or distributed to the holders of Common Stock, then the Holder shall have the right
thereafter to receive, upon exercise of this Warrant, the number of shares of Common Stock of the successor or acquiring corporation
or of the Company, if it is the surviving corporation, and Other Property receivable upon or as a result of such reorganization,
reclassification, merger, consolidation or disposition of assets by a Holder of the number of shares of Common Stock for which
this Warrant is exercisable immediately prior to such event. In case of any such reorganization, reclassification, merger, consolidation
or disposition of assets, the successor or acquiring corporation (if other than the Company) shall expressly assume the due and
punctual observance and performance of each and every covenant and condition of this Warrant to be performed and observed by the
Company and all the obligations and liabilities hereunder, subject to such modifications as may be deemed appropriate (as determined
in good faith by resolution of the Board of Directors of the Company) in order to provide for adjustments of Warrant Shares for
which this Warrant is exercisable which shall be as nearly equivalent as practicable to the adjustments provided for in this Section
12. For purposes of this Section 12, “common stock of the successor or acquiring corporation” shall include
stock of such corporation of any class which is not preferred as to dividends or assets over any other class of stock of such
corporation and which is not subject to redemption and shall also include any evidences of indebtedness, shares of stock or other
securities which are convertible into or exchangeable for any such stock, either immediately or upon the arrival of a specified
date or the happening of a specified event and any warrants or other rights to subscribe for or purchase any such stock. The foregoing
provisions of this Section 12 shall similarly apply to successive reorganizations, reclassifications, mergers, consolidations
or disposition of assets.

 

13.
Notice of Adjustment. Whenever the number of Warrant Shares or number or kind of securities or other property purchasable
upon the exercise of this Warrant or the Exercise Price is adjusted, as herein provided, the Company shall promptly thereafter
give notice thereof to the Holder, which notice shall state the number of Warrant Shares (and other securities or property) purchasable
upon the exercise of this Warrant and the Exercise Price of such Warrant Shares (and other securities or property) after such
adjustment, setting forth a brief statement of the facts requiring such adjustment and setting forth the computation by which
such adjustment was made.

 

14.
Authorized Shares. The Company covenants that during the period the Warrant is outstanding, it will reserve from its authorized
and unissued Common Stock a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of
any purchase rights under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary certificates
for the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such reasonable
action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable
law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be listed.

 

    	 	5	 

     

    

 

15.
Miscellaneous.

 

(a)
Governing Law; Forum and Waiver of Jury Trial. This Warrant shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether
of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than
the State of Delaware. The Company and the Holder, by acceptance of this Warrant, hereby agree that jurisdiction and venue in
any suit, action or proceeding brought pursuant to this Warrant shall properly and exclusively lie in the Chancery Court of the
State of Delaware, and any state appellate court therefrom within the State of Delaware (or, if the Chancery Court of the State
of Delaware declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware).
The Company and the Holder, by acceptance of this Warrant, hereby also agree not to bring any suit, action or proceeding arising
out of or relating to this Warrant in any other court (other than upon the appeal of any judgment, decision or action of any such
court located in Delaware or, as applicable, any federal appellate court that includes the State of Delaware within its jurisdiction).
The Company and the Holder, by acceptance of this Warrant, each hereby waive, to the fullest extent permitted by law, any right
to trial of any claim, demand, action, or cause of action (i) arising under this Warrant or (ii) in any way connected with or
related or incidental to the dealings of the Company and the Holder in respect of this Warrant or any of the transactions related
hereto, in each case whether now existing or hereafter arising, and whether in contract, tort, equity, or otherwise. The Company
and the Holder, by acceptance of this Warrant, each hereby agree and consent that any such claim, demand, action, or cause of
action shall be decided by court trial without a jury and that Company or the Holder may file an original counterpart of a copy
of this Warrant with any court as written evidence of the consent of Company and the Holder to the waiver of any right to trial
by jury.

 

(b)
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered,
will have restrictions upon resale imposed by securities laws. The Holder acknowledges by acceptance of the Warrant that (a) it
has acquired this Warrant for investment and not with a view to distribution; (b) it has the capacity to protect its own
interests in connection with the transaction; (c) it is an “accredited investor” as that term is defined in Regulation D
promulgated under the Securities Act; and (d) it further confirms the representations and warranties made in Section 2.1 of the
Private Placement Agreement, dated June 23, 2017 are true and correct with respect to Holder.

 

(c)
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder
or the Company shall operate as a waiver of such right or otherwise prejudice Holder’s or Company’s rights, powers
or remedies, notwithstanding all rights hereunder terminate on the Expiration Date.

 

    	 	6	 

     

    

 

(d)
Notices. Any notice or communication must be in writing and will be deemed given: (i) when delivered if delivered personally
(including by courier); (ii) on the third (3rd) trading day after mailing, if mailed, postage prepaid, by registered or certified
mail (return receipt requested); (iii) on the day after mailing if sent by a nationally recognized overnight delivery service
which maintains records of the time, place, and recipient of delivery; or (iv) upon receipt if sent by e-mail or fax with electronic
or telephonic confirmation of receipt. For purposes of notice, the addresses of the parties shall be as set forth on the signature
page of this Warrant, as addresses may be updated in accordance with this notice provision..

 

(e)
Limitation of Liability. No provision hereof, in the absence of any affirmative action by Holder to exercise this Warrant
or purchase Warrant Shares, and no enumeration herein of the rights or privileges of Holder, shall give rise to any liability
of Holder for the purchase price of any Common Stock or as a shareholder of the Company, whether such liability is asserted by
the Company or by creditors of the Company.

 

(f)
Remedies. Each of the Holder and the Company, in addition to being entitled to exercise all rights granted by law, including
recovery of damages, will be entitled to specific performance of its rights under this Warrant. Successors and Assigns.
Subject to applicable securities laws and Section 7 hereof, this Warrant and the rights and obligations evidenced hereby shall
inure to the benefit of and be binding upon the successors of the Company and the successors and permitted assigns of Holder.
The provisions of this Warrant are intended to be for the benefit of all Holders from time to time of this Warrant and shall be
enforceable by any such Holder or holder of Warrant Shares.

 

(g)
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company
and the Holder.

 

(h)
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

(i)
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant.

 

********************

 

 

    	 	7	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized.

 

Dated:
__________, 2017

 

	 	WIZE
    PHARMA, INC.
	 	 	 
	 	By:  	     
	 	 	Name:
    Or Eisenberg
	 	 	Title:
      Acting CEO, CFO
	 	 	 
	 	Company
    Address:
	 	 	 
	 	HOLDER
	 	 	 
	 	 
	 	Name:
	 	Address:

 

    	 	8	 

     

    

 

NOTICE
OF EXERCISE

 

To:Wize
Pharma, Inc.

 

(1)
The undersigned, (the holder of the attached Warrant) hereby irrevocably elects to purchase ________ Warrant Shares of the Company
pursuant to the terms of the attached Warrant, and tenders herewith payment of the exercise price in full, together with all applicable
transfer taxes, if any, in the aggregate amount of $_________.

 

(2)
Payment is in the form of lawful money of the United States.

 

(3)
Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name
as is specified below:

 

_______________________________

 

The
Warrant Shares shall be delivered to the following address:

 

_______________________________

 

_______________________________

 

_______________________________

 

(4)
The undersigned hereby confirms the representations and warranties set forth in Section 2.1 of that certain Private Placement
Agreement, dated June 23, 2017.

 

[
    ] (check if applicable): Please issue a new Warrant for the unexercised portion of the attached
Warrant in the name of the undersigned.

 

	 	[PURCHASER]
	 	 	 
	 	By:
    	                         
	 	 	Name:
	 	 	Title:
	 	 	 
	 	Dated:  	 
	 	 	 
	 	Federal
    Tax ID or Social Security No.:
	 	 
	 	 

 

     

     

    

 

ASSIGNMENT
FORM

 

FOR
VALUE RECEIVED, ______________________ (the “Assignor”) hereby sells, assigns and transfers all of the rights
of the undersigned Assignor under the attached Warrant with respect to the number of shares of common stock of Wize Pharma, Inc.
(the “Company”) covered thereby set forth below, to the following “Assignee” and, in connection
with such transfer, represents and warrants to the Company that the transfer is otherwise in compliance with Section 7(e) of the
Warrant:

 

	Name
    of Assignee and Federal Tax 

    ID or Social Security No.	 	Address
    & Fax Number	 	No.
    of Shares
	 	 	 	 	 
	 	 	 	 	 

 

	Dated:	 	 	 
	 	 	 	Signature:
	 	 	 	 
	 	 	 	 
	 	 	 	 
		 	 	Witness: 
	 	 	 	 
	 	 	 	 

 

ASSIGNEE
ACKNOWLEDGEMENT

 

The
undersigned Assignee acknowledges that it has reviewed the attached Warrant and by its signature below it hereby represents and
warrants that it is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated under the Securities
Act of 1933, as amended, and agrees to be bound by the terms and conditions of the attached Warrant as of the date hereof and
further confirms that the representations and warranties made in Section 2.1 of the Private Placement Agreement, dated June 23,
2017 are true and correct with respect to Assignee.

 

	 	By:	 
	 	 	 
	 	Its:	 
	 	 	 
	 	Address:	 
	 	 	 
	 	Fax:	

  

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration
or enlargement or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those
acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.ex_103939.htm

Exhibit 10.1

 

SUBLEASE MODIFICATION AND EXTENSION AGREEMENT

 

THIS SUBLEASE MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is made February 1, 2018 (“Effective Date”), by and between GREATBATCH LTD., a New York corporation having an address at 10000 Wehrle Drive, Clarence, New York 14031 (“Sublandlord”) and NUVECTRA CORPORATION (f/k/a QiG Group, LLC), a Delaware corporation, having an address at 5830 Granite Parkway, 11th Floor, Plano, Texas 75024 (“Subtenant”).

 

WITNESSETH:

 

WHEREAS, by that certain Office Lease dated November 26, 2014, as amended by that certain Partial Termination of Office Lease dated October 27, 2017, and as further amended by that certain First Amendment to Office Lease dated November 21, 2017 (collectively, as amended, the “Overlease”) between Granite Park V, Ltd. (“Overlandlord”), as landlord, and Sublandlord, as tenant, Overlandlord leases to Sublandlord, and Sublandlord leases from Overlandlord, the entire 11th floor (the “Sublandlord’s Premises”) in that certain building located at 5830 Granite Parkway, Plano, Texas 75024 (the “Building”);

 

WHEREAS, Sublandlord and Subtenant entered into that certain Agreement of Sublease dated March 14, 2016 (the “Sublease”) pursuant to which Sublandlord subleased to Subtenant, and Subtenant subleased from Sublandlord, an approximately 11,600 square foot portion of the 11th Floor in the Building; and

 

WHEREAS, Sublandlord and Subtenant wish to extend the term of the Sublease for approximately five (5) additional years, and the parties wish to acknowledge same and to further modify the Sublease pursuant to the terms set forth below.

 

NOW THEREFORE, in consideration of the mutual covenants and promises contained herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, Sublandlord and Subtenant agree as follows:

 

1.     The recitals set forth above are restated in their entirety and incorporated herein by reference.

 

2.     All capitalized terms used, but not otherwise defined herein, shall have the meanings set forth in the Sublease.

 

3.     Definitions: As of March 16, 2018, a new Article entitled “Definitions” is hereby added to the Sublease before Article 1 reading in its entirety as follows:

 

“Definitions. For purposes of this Sublease, the following definitions shall apply:

 

“Subleased Premises” shall mean that certain 14,552 square foot portion of the 11th Floor of Sublandlord’s Premises, as more particularly shown in red on Exhibit A.

 

“Subtenant’s Share” shall mean 54.68%.

 

 

 

 

“Additional Rent” shall mean the sum of Subtenant’s Share multiplied by (i) Operating Expenses (as defined in the Overlease), and (ii) Taxes (as defined in the Overlease).”

 

4.     Term: The Term of the Sublease is hereby extended for one (1) additional period of approximately five (5) years, commencing on March 16, 2018 and expiring on March 31, 2023. All references in the Sublease to the “Expiration Date” shall mean March 31, 2023.

 

5.     Early Termination Options: Subtenant shall have two (2) early termination options (each a “Termination Option”). First, Subtenant has the right to terminate the Sublease effective March 31, 2020, upon advance, written notice to Sublandlord, which notice must be delivered to Sublandlord by October 1, 2019. Second, Subtenant has the right to terminate the Sublease effective March 31, 2021, upon advance, written notice to Sublandlord, which notice must be delivered to Sublandlord by October 1, 2020.

 

6.     Base Rent: As of March 16, 2018, Section 3(a) of the Sublease is hereby amended by replacing it in its entirety as follows:

 

“During the Term, Subtenant shall pay to Sublandlord equally installments of monthly base rent (“Base Rent”) pursuant to the table set forth below:

 

	
			RENTAL PERIOD

				
			ANNUAL RATE PER

			SQUARE FOOT OF

			SUBLEASED 

			PREMISES

			 

				
			MONTHLY BASE RENT

			
	
			3/16/18 – 6/30/18

				
			$21.24

				
			$25,757.04

			
	
			7/1/18 – 6/30/19

				
			$21.66

				
			$26,266.36

			
	
			7/1/19 – 6/30/20

				
			$22.07

				
			$26,763.55

			
	
			7/1/20 – 6/30/21

				
			$22.48

				
			$27,260.75

			
	
			7/1/21 – 6/30/22

				
			$22.89

				
			$27,757.94

			
	
			7/1/22 – 3/31/23

				
			$23.31

				
			$28,267.26

			

 

Sublandlord will supply electricity at no additional charge. In no event shall Sublandlord be responsible or liable for the failure to supply Subtenant, or for the failure of Subtenant to receive, any utility service, nor shall Subtenant be entitled to any cessation, abatement, reduction or other offset of Rent (as hereinafter defined) in the event of any failure to receive any utility service.”

 

2

 

 

7.     Additional Rent: As of March 16, 2018, new Subsections 3(a)(i) and (ii) are hereby added to the Sublease following Subsection 3(a) reading in their entirety as follows:

 

“(i) During the Term and in addition to Base Rent, Subtenant shall pay to Sublandlord the Additional Rent in equal monthly installments. Sublandlord will, after receiving notice of any change in Additional Rent from Overlandlord, promptly notify Subtenant of the same. All obligations of Sublandlord under Section 2.2.3(a) of the Overlease regarding overpayment and underpayment of Additional Rent shall be applicable to Subtenant in proportion with Subtenant’s Share. Notwithstanding the foregoing and in the event Overlandlord does not notify Sublandlord of a change in Additional Rent prior to December 31st, for purposes of calculating Additional Rent during the last year of this Sublease (whether by exercise of an Early Termination Option or expiration of this Sublease), the actual amount of Additional Rent for the final year of the Term will be deemed to be 105% of the prior year’s amount. The provisions of this Subsection 3(a)(i) shall survive the expiration or termination of this Sublease.

 

(ii) Base Rent, Additional Rent and all other sums (whether or not expressly designated as rent) required to be paid to Sublandlord by Subtenant under this Sublease shall constitute rent and are collectively referred to herein as “Rent”.”

 

8.     Common Area: The second “Whereas” clause, which contains the definition of “Common Area”, is hereby deleted in its entirety. Section 7(b) of the Sublease is hereby amended by replacing it in its entirety as follows:

 

“(b)     Subtenant has the non-exclusive right to use in common with Sublandlord the common areas (i.e. elevators, stairs, elevator lobby).”

 

9.     Subtenant’s Improvements: Subtenant acknowledges that Sublandlord has paid for the final 11th floor Test Fit floor plan attached as Exhibit A. Subtenant and Sublandlord acknowledge and agree that all further design, planning and construction costs related to the Subleased Premises, including, but not limited to, architect fees, project management fees, construction costs and expenses, etc., are the sole responsibility and obligation of Subtenant; provided, however, that Sublandlord will reimburse Subtenant for all such costs related solely to the meal prep/coffee/break area located outside of Subtenant’s training room and board room (which includes demolition of the existing reception area) within thirty (30) days of Sublandlord’s receipt of the appropriate, detailed invoice from Subtenant, which invoice shall be certified by Subtenant’s architect. Sublandlord hereby approves and consents to Subtenant’s improvement of the Subleased Premises as detailed on Exhibit A and, to the extent required under the Sublease, releases Subtenant from any obligation to restore the Subleased Premises to its original condition at the expiration or sooner termination of the Sublease. Title to all of Subtenant’s improvements shall vest with Sublandlord upon the expiration or sooner termination of the Sublease. For the avoidance of doubt, nothing contained in this paragraph shall modify Subtenant’s obligations under Section 6 of the Sublease.

 

3

 

 

10.     Brokerage Commission: Sublandlord and Subtenant represent and warrant to each other that they have not dealt with any brokers in connection with this transaction. Each party will indemnify, defend, and hold the other party harmless from any breach of the foregoing.

 

11.     Miscellaneous: 

 

a.     Except as set forth herein, all other terms and conditions of the Sublease shall remain unchanged and in full force and effect. All references to the “Sublease” shall mean the Sublease as modified by this Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors and permitted assigns. This Agreement and the Sublease constitute the entire agreement between the parties, and may not be modified or amended in any manner other than by written agreement signed by the parties hereto. In the event of a conflict between the provisions of this Agreement and those of the Sublease, this Agreement shall control.

 

b.     TIME IS OF THE ESSENCE with respect to all provisions of the Sublease, as modified by this Agreement.

 

c.     Subtenant represents and warrants that: (i) there are no outstanding notices of default given by Sublandlord under the Lease; (ii) Subtenant is not in default of any of the agreements, terms, amendments, covenants, or conditions of the Sublease on the part of Subtenant to be performed or complied with; (iii) Subtenant has paid all rents and other amounts accrued under the Sublease as of the date hereof; and (iv) no condition or set of facts presently exist which, with the passage of time and/or giving of notice would constitute a default by Subtenant in the performance of any of the agreements, terms, amendments, covenants, or conditions of the Sublease.

 

d.     This Amendment shall be governed and construed in accordance with the laws of the State of Texas. 

 

e.     The parties hereto and the persons signing this Agreement on behalf of said parties represent and warrant to the other party that they have full right and authority to execute and perform its obligations hereunder, and that such persons are duly authorized to execute this Agreement on behalf of said party without further consent or approval by anyone. Each party shall deliver to the other party promptly upon request all documents reasonably requested by the other party to evidence such authority.

 

f.     This Agreement may be executed in multiple counterparts and by electronic signature, each of which shall be deemed to be an original, but all of which taken together shall constitute but one and the same instrument.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

 

 

 

4

 

 

IN WITNESS WHEREOF, Sublandlord and Subtenant have executed this Agreement on the Effective Date.

 

 

 

SUBLANDLORD:                     

 

GREATBATCH LTD.

 

       /s/ gARY J. HAIRE                             

Gary J. Haire, Chief Financial Officer

 

 

 

SUBTENANT:                          

 

NUVECTRA CORPORATION

 

 

By:     /S/ SCOTT F. DREES                        

 

Name:       Scott F. Drees                              

 

Title:         CEO                                              

 

5

 

 

 

EXHIBIT A

 

 

 

[Floorplan]

 

 

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}]]