Document:

EX-10.23

 Exhibit 10.23 

LEASE AGREEMENT 
 This Lease
Agreement is between REDBILL, LLC, a Florida limited liability company of 701 Solana Shores Drive, #502, Cape Canaveral, FL 32920 (“Landlord”) and GENO, LLC, a Florida Limited Liability Company of 2941 Oxbow Circle, Cocoa, FL 32926
(“Tenant”) and is entered into on this 3rd day of October, 2013. 
 In consideration of the mutual covenants and agreements of
this lease, and other good and valuable consideration, Landlord demises and leases to Tenant, and Tenant leases from Landlord, use of 2,400 square feet of commercial warehouse space situated at Suites D and E, 3062 Oxbow Circle, Cocoa, Florida 32927
(hereinafter referred to as the “premises” or “leased premises”) for the purpose of office and warehouse use (the “Permitted Use”). 

Term of Lease 
 §1.01. The term of this lease is for a
period of one (1) year beginning on October 1, 2013 through September 30, 2014, unless terminated sooner as provided in this lease. 
 Lease
Period Defined 
 §1.02. “Lease Period” means a period of thirty (30) consecutive full calendar days beginning October 1,
continuing month to month thereafter, ending on September 30. 
 Holdover 

§1.03. If Tenant holds over and continues in possession of the premises after the lease term (or any extension of it) expires, other than as provided in
§1.03, Tenant will be considered to occupy the premises on a month-to-month tenancy, subject to all the terms of this lease. 
 Commission 

§1.04. Landlord shall pay PHILIP MADISON (herein referred to as “Broker”) a commission in the amount of EIGHT HUNDRED FORTY AND NO/100TH DOLLARS ($840.00) upon full execution of this lease. 
 Rent 

§2.01. Tenant shall pay Landlord $7.00 per square foot for 2,400 square feet which equals SIXTEEN THOUSAND EIGHT HUNDRED AND NO/100TH DOLLARS ($16,800.00) per year (“Annual Rent”), plus applicable state of Florida sales tax, for lease of the premises. On or before the first day of each month, Tenant shall pay one-twelfth
(1/12) of the Annual Rent, plus the proportionate amount of state of Florida sales tax, as a minimum fixed rent for the next month for such twelve month period. Any payment received by Landlord later than the fifth day of such month will incur
a late fee of twelve percent (12%) of any outstanding amount due. 
 §2.02. Tenant shall pay all the costs of general utilities necessary for
Tenant to carry on their normal business transactions at the leased premises. Under no circumstances shall the Tenant obligate the Landlord for utility charges, nor shall Tenant obligate the Landlord for additional utilities. Tenant shall not modify
the premises in any way without prior permission from Landlord. 

 Payment of water shall be paid on a pro-rata share among all tenants occupying space at Landlord’s property.
Such pro-rata share shall be determined by the total number of square feet occupied by tenants divided by such tenant’s square footage. 
 By way of
example, if 5,000 square feet of space is occupied by tenants and tenant #1 leases 1,000 square feet of space and tenant #2 leases 4,000 square feet of space, then: 

Tenant #1 pays one-fifth of the water bill, and 

Tenant #2 pays four-fifths of the water bill. 

With each increasing tenant occupancy, the water bill per tenant will be recalculated in accordance with such formula. 

§2.03. Tenant shall pay Landlord the sum of ONE THOUSAND FOUR HUNDRED AND NO/100TH DOLLARS
($1,400.00) as a security deposit simultaneous with execution of this Lease, to be held as a non-interest bearing security deposit for the full and faithful performance of each and every provision of this Agreement by Tenant, his employees, agents,
guests or invitees. Said security deposit shall be returned to Tenant, without interest, upon proper expiration of this Agreement and delivery of possession of the Premises to the Landlord in a clean and like condition as when received, normal wear
and tear excepted. In the event that Landlord finds it necessary to assess any charge against the security deposit, the Tenant shall be entitled to receive written notice of the amount and reason for such charges. Tenant understands that if there
are damages beyond reasonable wear and tear, its liability is not limited to the amount of the security deposit. It is further understood that under no circumstances is this security deposit to be used for, or considered to be part of, any rent due.
Upon the expiration of this Lease, or any extension thereof, if the option to renew is not exercised, the security deposit without interest shall be refunded to Tenant within thirty (30) days from final lease termination date. 

 

	§2.04.	Rent commencement date shall be October 1, 2013. 

 Upon execution of this Lease, Tenant shall pay
first month’s rent, last month’s rent and one month’s rent as a security deposit for a total of FOUR THOUSAND TWO HUNDRED AND NO/100TH DOLLARS ($4,200.00). 

Maintenance by Landlord 
 §3.01. Landlord shall be
responsible for the exterior walls and structural elements of the building and the parking lot of the Premises and shall make necessary repairs upon Tenant’s reasonable request. Tenant shall have no maintenance obligation concerning the
exterior of the premises and no obligation to make any repairs or replacements in, on or to the exterior of the Premises. Tenant assumes the full and sole responsibility for the condition, operation, repair and maintenance of the interior of the
Premises, including all Landlord approved improvements throughout the Lease Term. Tenant shall maintain the Premises and all improvements and buildings in good repair and in a clean, attractive, first-class condition. Tenant shall not commit or
allow to be committed any waste on any portion of the premises. 

  
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 Maintenance and Surrender by Tenant 

§3.02. Tenant will, at its own expense and risk, maintain the premises, maintain the heating and air conditioning of the leased premises. 

§3.03. Tenant must surrender and deliver the premises to Landlord in as good a state of repair and condition as they were in when Landlord delivered
possession to Tenant, except for reasonable wear and tear and damage by fire, tornado, or other casualty. 
 Remedy for Failure To Maintain 

§3.04. If either party fails to perform its obligation to repair or maintain according to §§ 3.01 through 3.03 above within a reasonable time
after written delivered written notice from the other party of the need for such repair or maintenance, the other party may make the repairs or perform the maintenance, or have the repairs made or maintenance performed at its own expense. The party
required by §§ 3.01 through 3.03 to make the repair or to perform the maintenance must reimburse the party actually making the repair or having it made or performed or having the maintenance performed, for the reasonable expense of the
repair or maintenance as follows: 
 (a) Tenant must pay any reasonable costs incurred by Landlord under this section to Landlord as
additional rental on the next rental-installment date or, if no further rental installments remain under the lease, within thirty (30) days or when the lease terminates, whichever occurs first. 

(b) Tenant shall maintain the premises and comply with all Environmental Protection Agency and OSHA rules and regulations, local, county,
state and federal ordinances and laws. 
 Personal Property Taxes 

§4.01. Tenant must pay and fully discharge all taxes, special assessments, and governmental charges of any kind imposed during the lease term on the
furniture, trade fixtures, appliances, equipment, and other property (personal and otherwise) placed by Tenant in, on, or about the premises. 
 Real
Property Taxes and Assessments 
 §4.02. Landlord must pay and fully discharge all real-property taxes, special assessments, and governmental charges of
any kind imposed on the premises during the lease term, including any special assessments imposed on or against the premises for constructing or improving public works. 

Utility Charges 
 §5.01. Tenant will pay all utility charges
for water, electricity, heat, gas, telephone and garbage removal service used in and about the premises during the lease term. Tenant will pay the charges directly to the utility company or municipality furnishing the service before the charges
become delinquent or directly to Landlord should such charges be prorated based on number of tenants occupying Landlord’s leased property. 

  
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 Consent of Landlord 

§6.01. Tenant may not make any alterations, additions, or improvements to the premises without Landlord’s prior written consent. Landlord may not
unreasonably withhold consent for nonstructural alterations, additions, or improvements. 
 §6.02. All alterations, additions, or improvements made by
Tenant must be removed from the premises when the lease terminates. 
 Alterations Required by Accessibility Laws 

§6.03. If any alterations, additions, or improvements to the premises are mandated by legal requirements related to accessibility by persons with
disabilities (“accessibility alterations”), Tenant is responsible for making them. The allocation of responsibility for compliance with such legal requirements under this section is a material inducement for the parties to enter this
lease. 
 Trade Fixtures 
 §7.01. Tenant has the right at
all times to erect or install shelves, bins, machinery, or other trade fixtures in, on, or about the premises, as long as Tenant complies with all applicable governmental laws, ordinances, and regulations regarding the fixtures. Tenant may remove
all trade fixtures when the lease terminates if Tenant is not in default under the lease and the fixtures are removable without structural damage to the premises. Tenant must repair any damage to the premises caused by removing trade fixtures, and
all the repairs must be completed before the lease terminates. Any trade fixtures not removed by Tenant when this lease terminates will be considered abandoned by Tenant and will automatically become Landlord’s property. 

Signs 
 §7.02. Tenant may erect signs on any portion of the
premises—including but not limited to the exterior walls—subject to applicable statutes, ordinances, and zoning restrictions, which compliance shall be the sole responsibility of Tenant. Tenant must remove all signs when this lease
terminates or upon Tenant’s default hereunder and must repair any damage, including but not limited to closing any holes caused by removal complying with applicable statutes, ordinances and zoning restrictions which compliance shall be the sole
responsibility of Tenant. 
 Mechanic’s Liens And Limitation On Liens 

§8.01. Tenant will not permit any mechanic’s lien or liens to be placed on either the premises or improvements on the premises. If a mechanic’s
lien is filed on the premises or on improvements on them, Tenant will promptly pay the lien. If default in payment of the lien continues for twenty (20) days after Landlord’s written notice to Tenant, Landlord may, at its option, pay the
lien or any portion of it without inquiring into its validity. Any amounts Landlord pays to 

  
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remove a mechanic’s lien caused by Tenant to be filed against the premises or against improvements on the premises, including expenses and interest, will be due from Tenant to Landlord and
must be repaid to Landlord immediately on rendition of written notice, along with interest at eighteen (18%) percent annually from the date of payment until repaid in full. 

§8.02 Landlord’s interest in the premises is not subject to mechanics’ liens for improvements made, or contracted for, by Tenant. Tenant must
give written notification of this lease provision to all contractors making any improvements on the premises. 
 §8.03 Notwithstanding anything to the
contrary contained herein or provided by applicable law, Landlord acknowledges and agrees that (i) Landlord shall have no lien on Tenant’s personal property, inventory, equipment, fixtures, trade fixtures or other assets, whether presently
existing or hereinafter acquired (collectively, “Tenant’s Property”) excluding leasehold improvements purchased using proceeds from the Tenant’s Allowance; and (ii) Landlord waives any common law, Uniform Commercial Code
and/or statutory right, lien, security interest or similar claim against any of Tenant’s Property. 
 Property/Liability Insurance 

§9.01. Tenant must, at its own expense, continuing during the lease term, insure against loss or liability in connection with bodily injury, death, or
property damage or destruction, occurring on or about the premises under one or more policies of commercial general liability insurance. 
 Each policy
shall be written on a claims made basis that includes a twenty-four (24) month extended reporting period and a retroactive date that pre-dates the term of this Lease Agreement with coverage extended to Landlord as additional insured. The
commercial general liability insurance coverage shall be $3 million per claim limit; $3 million general aggregate limit. The insurance is to be carried by one or more insurance companies licensed to do business in the state of Florida. The insurance
policy or policies must include and extend coverage to Landlord as additional insured solely for its liability to the extent arising from Tenant’s negligence or intentional misconduct. Tenant and Landlord agree that any proceeds for loss or
damage to buildings, structures, or improvements are to be first applied to repair of structural damage of Landlord’s building and to structural damage to the Leased Premises. 

Remedy for Failure To Provide Insurance 
 §9.02. Tenant must
furnish Landlord with certificates of all insurance required by this article. If Tenant does not provide the certificates when Landlord delivers possession to Tenant or if Tenant allows any insurance required under this article to lapse, Landlord
may, at its option, take out and pay the premiums on the necessary insurance to comply with Tenant’s obligations under this article. Landlord is entitled to prompt reimbursement from Tenant (within 30 days of request and proof of
charges/payment) for all amounts spent to procure and maintain the insurance, with interest at the rate of twelve percent (12%) percent annually from the date of payment by Landlord until reimbursement. 

  
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 Tenant’s General Indemnity 

§9.03. Tenant shall indemnify and hold Landlord harmless against any claims, demands, damages, costs, and expenses, including reasonable attorney’s
fees for defending the claims and demands, to the extent arising from the conduct or management of Tenant’s business on the leased premises or from its use of them; from any breach on Tenant’s part of any conditions of this lease; or to
the extent resulting from any act or negligence of Tenant, its agents, contractors, employees, subtenants, concessionaires, or licensees in or about the premises. If any action or proceeding is brought against Landlord by reason of any such claim,
Tenant, upon written notice from Landlord, will defend the action or proceeding by counsel acceptable to Landlord. This section survives the expiration or earlier termination of this lease. 

Tenant’s Environmental Indemnity 
 §9.04. (a) Tenant is
responsible for payment of that portion of any cleanup costs for the leased premises necessary for compliance with Hazardous Materials Laws that arise as a result of Tenant’s discharge of Hazardous Materials on the premises during the
Tenant’s occupancy of the premises 
 (b) Tenant shall indemnify, defend, and hold harmless Landlord from and against all claims,
liabilities, losses, damages, and costs, foreseen or unforeseen, including without limitation counsel, engineering, and other professional or expert fees, that Landlord may incur by reason of and to the extent of Tenant’s action or inaction
with regard to Tenant’s obligations under this section. This section survives the expiration or earlier termination of this lease. 
 Notice to
Landlord 
 §10.01. If the premises or any structures or improvements on them are damaged or destroyed by fire, hurricane, tornado, or other casualty,
Tenant must promptly give Landlord written notice of the damage or destruction, including a description of the damage and, as far as known to Tenant, the cause of the damage. 

Total Destruction 
 §10.02. If the premises are totally
destroyed by fire, hurricane, tornado, or other casualty not the fault of Tenant or any person in or about the premises with Tenant’s express or implied consent, or if they are so damaged that rebuilding or repairs cannot reasonably be
completed within thirty (30) working days this lease will terminate, and rent will be abated for the unexpired portion of this lease, effective as of the date of written notification as provided in §10.01. 

  
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 Partial Destruction 

§10.03. If the premises are damaged by fire, tornado, or other casualty not the fault of Tenant or any person in or about the premises with Tenant’s
express or implied consent, but not to such an extent that rebuilding or repairs cannot reasonably be completed within thirty (30) working days this lease will not terminate except as follows: 

(a) If the premises are partially destroyed before the final two months of the lease term, Landlord must, at its sole cost and risk, proceed
immediately to rebuild or repair the premises to substantially the condition they were in before the damage. If the damage renders the premises untenantable in whole or in part, the rent payable during the period in which they are untenantable will
be adjusted equitably. If Landlord fails to complete the rebuilding or repairs within sixty (60) working days from the date of Tenant’s written notification to Landlord of the damage, Tenant may terminate this lease by written notification
to Landlord. On such notification, all rights and obligations under this lease will cease. 
 (b) If the premises are partially destroyed
before the final month of the lease term, Landlord need not rebuild or repair the premises. If Landlord elects not to rebuild or repair and the damage rendered the premises untenantable in whole or in part, Tenant may terminate the lease or continue
it, with the rent for the remainder of the lease period adjusted equitably. 
 Total Condemnation 

§11.01. If, during the lease term, all of the premises are taken for any public or quasi-public use under any governmental law, ordinance, or regulation
or by right of eminent domain, or are sold to the condemning authority under threat of condemnation, this lease will terminate, and the rent will be abated during the unexpired portion of this lease, effective as of the date the condemning authority
takes the premises. 
 Partial Condemnation 
 §11.02. If
less than all, but more than fifty (50%) percent, of the premises are taken for any public or quasi-public use under any governmental law, ordinance, or regulation or by right of eminent domain, or is sold to the condemning authority under
threat of condemnation, Tenant may terminate the lease by giving Landlord written notice within 30 days after the entity exercising the power of condemnation takes possession of the condemned portion. 

If the premises are partially condemned and Tenant fails to exercise the option provided in the preceding paragraph to terminate the lease, or if less than
fifty (50%) percent of the premises are condemned, this lease will not terminate, but Landlord must immediately, at its sole expense, restore and reconstruct the building and other improvements situated on the premises to make them reasonably
tenantable and suitable for the uses for which the premises are leased. The minimum fixed rent payable under §2.01 of this lease will be adjusted equitably during the unexpired portion of this lease. 

Condemnation Award 
 §11.03. Landlord and Tenant are each
entitled to receive and retain such separate awards and portions of lump-sum awards as are allocated to their respective interests in any condemnation proceedings. The termination of this lease will not affect the rights of the respective parties to
the awards. 

  
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 Tenant’s Default 

§12.01. If Tenant allows the rent to be in arrears more than five (5) days after the date such payment is due (a “Monetary Default”);
(b) Tenant fails to perform any other obligation under this Lease or any Guarantor defaults under any guaranty of this Lease (a “Non-monetary Default”); (c) Tenant or any Guarantor or surety for Tenant’s obligation under
this Lease becomes bankrupt or insolvent or makes a general assignment for the benefit of creditors or takes the benefit of any insolvency act, or if any debtor proceedings are taken by or against Tenant or any Guarantor or surety; (d) a
receiver or trustee in bankruptcy is appointed for the Tenant’s property and the appointment is not vacated and set aside within 30 days from the date of the appointment; or (e) Tenant rejects this Lease in any bankruptcy, insolvency,
reorganization, or arrangement proceedings; or (f) the leasehold estate granted to Tenant by this Lease is taken on execution or other legal process and upon written notice of the delinquency, or if Tenant remains in default under any other
condition of this lease for TEN (10) days after written notice from Landlord, such notice not being an obligation of Landlord in the event of a monetary default for payment of rent or other monetary obligation under this Lease, Landlord may,
without notice to Tenant, terminate this lease, accelerate all payments due under this Lease and, may reenter and take possession of the premises and remove all persons and property without being considered guilty of any manner of trespass and may
relet the premises (or any part of them) for all or any part of the remainder of the lease term to a party satisfactory to Landlord and at the monthly rental that Landlord can secure with reasonable diligence. If Landlord cannot relet after
reasonable efforts to do so or if the monthly rental is less than the rental Tenant was obligated to pay under this lease, Tenant must pay Landlord the expense of reletting plus the amount of any deficiency in the rent. 

Landlord’s Lien 
 §12.02. If Landlord exercises the
option to terminate the leasehold, reenter, and relet the premises, as provided in §12.01, and gives Tenant TEN (10) days written notice (“Possession Notice”) of its intent to take possession of Tenant’s property on the
premises and an opportunity for a hearing on the matter, Landlord may take possession of all of Tenant’s property on the premises, which property shall be deemed abandoned and may be dealt with accordingly by Landlord. After giving Tenant
Possession Notice, Landlord may then sell the property at public or private sale, for cash or on credit, for the prices and terms as Landlord considers best, with or without having the property present at the sale. The proceeds of the sale will be
applied first to the necessary and proper expense of removing, storing, and selling the property, then to the payment of any rent due or to become due under this lease; any balance will be paid to Tenant. 

Landlord’s Default 
 §12.03. (a) If Landlord
defaults in performing any term or covenant that Landlord must perform under this agreement, Tenant may do either of the following: 
 (i)
After not fewer than ten (10) days’ written notice to Landlord, Tenant may remedy the default by any necessary action and, in connection with the remedy, may pay expenses and employ counsel. Landlord must, on demand, pay Tenant all sums
expended or obligations incurred by Tenant in connection with remedying Landlord’s default. 

  
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 (ii) Tenant may terminate this lease by giving Landlord at least SIXTY (60) days’
written notice of its intention. If Tenant chooses this option, the lease will terminate on the date designated in Tenant’s written notice, unless Landlord has cured the default before the 60 day period expires. 

(b) Landlord’s default does not give Tenant the right to withhold payment of rent during the term of the lease. 

Cumulative Remedies 
 §12.04. All Landlord’s and
Tenant’s rights and remedies under this Article are cumulative, and none will exclude any other right or remedy provided by law or any other provision of this lease. All the rights and remedies may be exercised and enforced concurrently and
whenever occasion for their exercise arises. 
 Waiver of Breach 

§12.05. Landlord’s or Tenant’s waiving a breach of this lease by the other party does not constitute a continuing waiver or a waiver of any
subsequent breach. 
 Inspection By Landlord 
 §13.01.
Tenant will permit Landlord and its agents, representatives, and employees to enter the premises at all reasonable times for the purpose of inspection, maintenance, making repairs or alterations to the premises, or any other purpose necessary to
protect Landlord’s interest in the premises or to perform its duties under this lease. 
 Assignment and Subletting by Tenant 

§14.01. Tenant may not sublet, assign, encumber, or otherwise transfer this lease and any right or interest in the premises or the improvements on them,
without Landlord’s prior written consent. If Tenant sublets, assigns, encumbers, or otherwise transfers its rights or interests in this lease or in the premises or the improvements on them without Landlord’s written consent, Landlord may,
at its option, declare this lease terminated, and may cause a balloon payment due to Landlord for the mandatory 90 day rental period upon the execution of such Assignment of rights under this Lease. If Landlord consents in writing to an assignment,
sublease, or other transfer of Tenant’s rights under this lease, the assignee or subtenant must assume all of Tenant’s obligations under this lease, and Tenant will remain liable for every obligation under the lease. Landlord may not
arbitrarily or unreasonably withhold consent under this section. 
 Assignment by Landlord 

§14.02. Landlord may assign or transfer any of its interests under this lease. 

  
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 Notices and Addresses 

§15.01. (a) All notices required under this lease must be given in writing by certified mail, return receipt requested and first class mail,
addressed to the proper party, at the following addresses: 
 Landlord: 

REDBILL, LLC 
 701 Solana Shores
Drive, #502 Cape 
 Canaveral, FL 32920 
 With
a copy to: 
 Jason M Gordon, Esq. 

257 N. Orlando Avenue 
 Cocoa
Beach, FL 32931 
 Tenant: 
 GENO, LLC 

2941 Oxbow Circle 
 Cocoa, FL
32926 
 (b) Either party may change the address to which written notices are to be sent by sending written notice of the new address to the
other party in accordance with the provisions of this section. 
 Parties Bound 

§15.02. This agreement binds, and inures to the benefit of, the parties to this lease and their respective heirs, executors, administrators, legal
representatives, successors, and permitted and proper assignees. 
 Choice of Law 

§15.03. This agreement is to be construed under Florida law, and all obligations of the parties created by this lease are performable in Brevard County,
Florida. 
 Legal Construction 
 §15.04. If any one or
more of the provisions in this agreement are for any reason held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, the invalidity, illegality, or unenforceability will not affect any other provision of the
agreement, which will be construed as if it had not included the invalid, illegal, or unenforceable provision. 

  
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 Prior Agreements Superseded 

§15.05. This agreement constitutes the parties’ sole agreement and supersedes any prior understandings or written or oral agreements between the
parties with respect to the subject matter. 
 Amendment 

§15.06. No amendment, modification, or alteration of this agreement is binding unless in writing, dated subsequent to the date of this agreement, and duly
executed by the parties. 
 Rights and Remedies Cumulative 

§15.07. The rights and remedies provided by this lease are cumulative, and either party’s using any right or remedy will not preclude or waive its
right to use any other remedy. These rights and remedies are in addition to any other rights the parties may have by law, statute, ordinance, or otherwise. 

Attorney’s Fees and Costs 
 §15.08. If any action is
brought to enforce this agreement, the prevailing party is entitled to recover reasonable attorney’s fees and costs from the other party, in addition to any other relief that may be awarded. 

Force Majeure 
 §15.09. Neither Landlord nor Tenant is
required to perform any term or covenant in this lease so long as performance is delayed or prevented by force majeure, which includes acts of God, strikes, lockouts, material or labor restrictions by any governmental authority, civil riots, floods,
and any other cause not reasonably within Landlord’s or Tenant’s control and that Landlord or Tenant cannot, by exercising due diligence, prevent or overcome, in whole or part. 

Time of Essence 
 §15.10. Time is of the essence of this
agreement. 
 Brokered Lease 
 §16.01. Tenant and Landlord
acknowledge that this lease agreement is an agreement brought to Landlord through real estate brokers, and is provided for as such in §1.04. Landlord shall indemnify, defend and hold harmless Tenant against any claims or demands by such real
estate broker for fees related to this Lease. 
 Indemnification 

§17.01. Tenant shall indemnify, defend, and hold harmless Landlord and Landlord’s employees, agents, and contractors (the “indemnified
Parties”) from and against any and all loss, damage, claim, demand, liability, or expense (including reasonable attorneys’ fees) resulting from claims 

  
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by third parties in connection with Tenant’s use of the Premises. This Indemnification article shall not be construed to restrict, limit, or modify either party’s insurance obligations
under this Lease. Tenant’s compliance with the insurance requirements under this Lease shall not restrict, limit, or modify Tenant’s obligations under this Indemnification article. 

Landlord’s Representations 
 §18.01. Landlord
represents and warrants to Tenant as follows: 
 (a) Landlord has full right and authority to enter into this Lease and perform
Landlord’s obligations under this Lease. 
 (b) The premises is not subject to any existing claim for construction liens resulting from
work performed by or on behalf of Landlord, nor are there any existing tenants entitled to possession of the Premises. 
 (c) Landlord has
not received any notice, nor is it aware of any pending eminent domain taking affecting the premises. 
 (d) This Lease is and shall be
binding upon and enforceable against Landlord in accordance with its terms, and the transaction contemplated by this Lease will not result in a breach of, or constitute a default under, any agreement to which Landlord or the Premises are subject.

 (e) The individual executing this Lease on behalf of Landlord has full authority to do so. 

Tenant’s Representations 
 §19.01.
Tenant represents and warrants to Landlord as follows: 
 (a) Tenant has full right and authority to enter into this Lease and perform
Tenant’s obligations under this Lease. 
 (b) Tenant is not currently engaged in any proceedings in bankruptcy or otherwise which would
affect its ability to perform Tenant’s obligations under this Lease. 
 (c) Tenant has not received any notice, nor is it aware of any
action which may affect its obligations to perform under this Lease. 
 (d) This Lease is and shall be binding upon and enforceable against
Tenant in accordance with its terms, and the transaction contemplated by this Lease will not result in a breach of or constitute a default under any agreement to which Tenant is subject and do not contravene or conflict with any provisions of
Tenant’s Articles of Incorporation and By-Laws. 
 (e) The individuals executing this Lease on behalf of Tenant have full authority to
do so. 

  
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 (f) Tenant acknowledges that any right to seek civil remedies under this Lease Agreement shall be
conducted in the courts in Brevard County, Florida. 
 Signatures 

§20.01. The parties agree that this lease can be signed in multiple parts. and that a facsimile of a signature will serve as the original if such
signatory is vested with full right and authority to enter into this lease on behalf of Landlord or Tenant. The last date of signature shall be the effective date of such Lease. 

Quiet Enjoyment 
 §20.02. Landlord agrees that contingent
upon Tenant’s compliance with the terms and conditions of this Lease, Tenant shall quietly and peaceably hold, possess and enjoy, for the purposes intended, the Leased Premises for the full term of this Lease or any renewal or extension thereof
without any hindrance or molestation from Landlord or any person claiming by, through or under it, and Landlord will defend the title of the Leased Premises against all persons or entities whomsoever or whatsoever, except those claiming by or
through the Tenant. 
 This Lease is executed in counterparts, each of which shall be deemed an original hereof. 

 

			
	LANDLORD:
	  
 REDBILL, LLC,

A Florida limited liability company

		
	By:	 	/s/ Kevin Leo
	Name:	 	Kevin Leo
	Title:	 	Manager

  

			
	 TENANT
  

GENO, LLC
 A Florida limited liability company

		
	By:	 	/s/ David Fine
	Name:	 	David Fine
	Title:	 	Chairman

  
 - 13 -EX-10.1

 EXHIBIT 10.1 

Wilson W. Cheung 
 CFO and
Senior Vice President, Finance 
 CONFIDENTIAL 

September 27, 2013 
 Raymond A. Low 

950 Tower Lane, Suite 900 
 Foster City, CA 94404 

Dear Raymond, 
 I am pleased to offer you a
position with SciClone Pharmaceuticals, Inc. (the “Company”) as its Vice President, Finance and Controller reporting to me, Chief Financial Officer and Senior Vice President, Finance of SciClone Pharmaceuticals, Inc. The position will be
based out of our offices located at 950 Tower Lane, Suite 900 in Foster City, California. Your start date will be October 15, 2013. 

If you decide to join us, you will receive a monthly salary of $21,250.00 (Twenty one thousand two hundred fifty) less applicable
withholding (annualized base salary of $255,000.00) which will be paid semi-monthly in accordance with the Company’s normal payroll procedures. As an employee, you will be eligible to participate in the Company’s annual bonus
program, under which you will have an annual bonus opportunity targeted at 30% of your then current annual base salary and which will be earned based on your achievement of business objectives as established by the Company’s President
and Chief Executive Officer in accordance with the terms of the bonus program. For the remaining months of 2013 your bonus will be prorated. Such bonus, if earned, shall be paid not later than the date that is two and one-half months following the
close of the year in which such bonus is earned. This is a full-time exempt position, and as such you will not be subject to the overtime wage provisions of applicable federal, state, and local wage and hour law. 

As a full-time employee, you and your eligible dependents are also eligible to participate in the Company’s employee benefits plans and
receive benefits subject to the conditions of those plans; such benefits currently include health, dental, life and vision insurance. You are also eligible to participate in the Company’s 401(k) plan. In addition, you will be covered under the
Company’s long-term and short-term disability plans as well as its group-term life insurance plan. You are eligible to earn paid-time off (PTO) of up to 25 days (200 hours) per calendar year, which is earned ratably semi-monthly. You are also
eligible to participate in SciClone’s Employee Stock Purchase Plan (“ESPP”). You should note that the Company may modify your salary and the benefits it provides from time to time as it deems necessary. 

 Raymond Low 

September 27, 2013 
  Page
 2
 
  

 In addition, if you decide to join us, it will be recommended at the next meeting of the
Company’s Board of Directors (the “Board”) that the Company grant you an option to purchase 50,000 shares of the Company’s common stock (the “Time-Based Option”) at a price per share equal to the fair market
value per share of the Company’s common stock on the first day of your employment or the date of grant, as determined by the Board. Subject to your continued employment, twenty-five percent (25%) of the option shares shall initially vest
(become exercisable) on the first anniversary of your employment start date (and no shares shall vest before such date) and the remaining shares shall vest monthly over the next thirty-six (36) months in substantially equal monthly amounts. The
option shares shall be subject to the terms and conditions of the Company’s stock option plan and an appropriate form of stock option agreement, which you will be required to sign as a condition of receiving any option. Over time, additional
stock option grants may be made available in the sole discretion of the Board. 
 In addition, the Company will provide you with an
Indemnity agreement, Change In Control and Executive Severance agreements. 
 The Company intends that income provided to you pursuant to
this Agreement will not be subject to taxation under Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of the Code. However,
the Company does not guarantee any particular tax effect for income provided to you pursuant to this Agreement. In any event, except for the Company’s responsibility to withhold applicable income and employment taxes from compensation paid
or provided to you, the Company shall not be responsible for the payment of any applicable taxes incurred by you on compensation paid or provided to you pursuant to this Agreement. 

Notwithstanding anything herein to the contrary, the reimbursement of expenses or in-kind benefits provided pursuant to this Agreement
shall be subject to the following conditions: (a) the expenses eligible for reimbursement or in-kind benefits in one taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits in any other taxable year;
(b) the reimbursement of eligible expenses or in-kind benefits shall be made promptly, subject to Company’s applicable policies, but in no event later than the end of the year after the year in which such expense was incurred; and
(c) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 
 For
purposes of Section 409A of the Code, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. 

We look forward to a mutually beneficial relationship. Nevertheless, you should be aware that your employment with the Company is for no
specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without
cause, and with or without notice. We request that, in the event of resignation, you give the Company at least four (4) weeks’ notice. 

  
 SciClone
Pharmaceuticals, Inc. 
 950 Tower Lane, Suite 900  —  Foster City, CA
94404  —  Tel: (650) 358-3456  —  Fax: (650) 358-3469 

 Raymond Low 

September 27, 2013 
  Page
 3
 
  

 Your job offer and employment, is contingent upon the clearance of reference and
background checks satisfactory to the Company. 
 For purposes of federal immigration law, you will be required to provide to the
Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be
terminated. 
 In the event of any dispute or claim between you and the Company, including any claim relating to or arising out of your
employment relationship with the Company, or the termination of your employment with the Company for any reason (including, but not limited to, any claims of breach of contract, wrongful termination or age, sex, race, national origin, disability or
other discrimination or harassment), you and the Company agree that all such disputes shall be fully, finally and exclusively resolved by binding arbitration conducted by the American Arbitration Association (“AAA”) under the AAA’s
National Rules for the Resolution of Employment Disputes then in effect, which are available online at the AAA’s website at www.adr.org. The arbitrator shall permit adequate discovery and is empowered to award all remedies otherwise
available in a court of competent jurisdiction and any judgment rendered by the arbitrator may be entered by any court of competent jurisdiction. The arbitrator shall issue an award in writing and state the essential findings and conclusions on
which the award is based. By executing this letter, you and the Company are both waiving the right to a jury trial with respect to any such disputes. The Company shall bear the costs of the arbitrator, forum and filing fees. Each
party shall bear its own respective attorney fees and all other costs, unless otherwise provided by law and awarded by the arbitrator. 
 We
also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It
is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you
will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other
activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third-party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company, you
will not in any way utilize any such information. 

  
 SciClone
Pharmaceuticals, Inc. 
 950 Tower Lane, Suite 900  —  Foster City, CA
94404  —  Tel: (650) 358-3456  —  Fax: (650) 358-3469 

 Raymond Low 

September 27, 2013 
  Page
 4
 
  

 As with all of our employees, your employment is also subject to our general employment
policies, many of which are described in our Employee Handbook. As a Company employee, you will be expected to abide by Company rules and standards. You will be specifically required to sign an acknowledgment that you have read and that you
understand the Company’s rules of conduct, which are included in the Company Handbook. 
 As a condition of your employment, you
will also be required to sign and comply with SciClone’s Confidential Disclosure Agreement (CDA) which is attached hereto as Exhibit B. 

Raymond, we are excited about the prospect of having you join the SciClone team and look forward to a mutually productive and successful
relationship. 
 To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below as
well as Exhibit B. A duplicate original is enclosed for your records. If you accept our offer, your first day of employment shall be subject to mutual agreement, but in no event will it be later than October 15, 2013. This letter, along
with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to any representations made
during your interviews, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a written agreement signed by the Company President and you. This offer of
employment will terminate if it is not accepted, signed and returned by October 4, 2013. 
 We look forward to your favorable
reply and to working with you at SciClone. 

  
 SciClone
Pharmaceuticals, Inc. 
 950 Tower Lane, Suite 900  —  Foster City, CA
94404  —  Tel: (650) 358-3456  —  Fax: (650) 358-3469 

 Raymond Low 

September 27, 2013 
  Page
 5
 
  

	
	Sincerely,
	
	 /s/ Wilson W. Cheung

	Wilson W. Cheung
	CFO and Sr. Vice President, Finance

  

			
	AGREED TO AND ACCEPTED:
		
	Signature:	 	 /s/ Raymond A. Low

	Printed Name:	 	Raymond A. Low
	Date:	 	September 27, 2013

  
 SciClone
Pharmaceuticals, Inc. 
 950 Tower Lane, Suite 900  —  Foster City, CA
94404  —  Tel: (650) 358-3456  —  Fax: (650) 358-3469 

 Raymond Low 

September 27, 2013 
  Page
 6
 
  

 Exhibit A 

Principal Duties and Responsibilities Include: 
  

	 	•	 	Ensure the completion of timely monthly, quarterly and annual financial statements, including coordination with China and Hong Kong finance teams. Oversee and review the month-end financial statement close process and
the issuance of reports to management. Resolve accounting issues, implement new accounting pronouncements and other regulatory requirements, and draft technical accounting memos, as needed. 

 

	 	•	 	Manage the external reporting cycle and the preparation of Forms 10-Q, 10-K and other reports as they relate to financial statements, disclosures, press releases and other related filings. 

 

	 	•	 	Recommend and direct operating policies and control procedures, and ensure overall efficiency and effectiveness of accounting functions/processes and to maintain an effective internal control environment in compliance
with the Sarbanes-Oxley Act. Evaluate and implement or modify financial systems, policies and procedures, as appropriate, to support the company’s growth. 

  

	 	•	 	Manage external auditors, quarterly reviews and annual audits in the US and internationally to ensure deliverables are met efficiently and within agreed upon timelines. 

 

	 	•	 	Oversee the Company’s tax matters, including US and international tax strategy and planning, tax compliance, FAS 109 accounting and operational tax issues. 

 

	 	•	 	Oversee the annual consolidated budget and long-range forecasts. 

  

	 	•	 	Works closely and interacts regularly with senior management of functional areas. Monitors department activities and work with stakeholders to provide input over significant agreements and transactions to provide
guidance on accounting implications, and to ensure their adherence to approved department and project budgets and company policies and procedures. 

  

	 	•	 	Prepares reports to the Audit Committee, executive management and external parties as needed. 

  
 SciClone
Pharmaceuticals, Inc. 
 950 Tower Lane, Suite 900  —  Foster City, CA
94404  —  Tel: (650) 358-3456  —  Fax: (650) 358-3469

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