Document:

Bill of Sale, dated May 13, 2009

 EXHIBIT 10.5 
 BILL OF SALE 
 THIS BILL OF SALE (this “Instrument”) is made as of May 13,
2009, by THE CORNWALL GROUP, INC., a Florida corporation, FORESTVILLE CORPORATION, a Florida corporation, VANGUARD SECURITY, INC., a Florida corporation, VANGUARD SECURITY OF BROWARD COUNTY, INC., a Florida corporation, ON GUARD SECURITY AND
INVESTIGATIONS, INC., a Florida corporation, and ARMOR SECURITY, INC., a Florida corporation (each, a “Seller” and, collectively, “Sellers”), in favor of U.S. SECURITY ASSOCIATES, INC., a Delaware corporation (“Buyer”).

 W I T N E S S E T H : 
 Sellers and Buyer are parties to that certain Asset Purchase Agreement dated as of the date hereof (the “Asset Purchase Agreement”), pursuant to which Sellers have agreed to sell to Buyer certain of
Sellers’ assets. All capitalized terms used herein and in Attachment A shall have the meanings assigned to them in the Asset Purchase Agreement, unless they are specifically otherwise defined herein. 
 NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged by Sellers, Sellers hereby
agree with and in favor of Buyer, as follows: 
 1. Bill of Sale and Assignment of Purchased Assets. Sellers do hereby absolutely,
unconditionally and irrevocably sell, assign, transfer and convey to Buyer forever all of their right, title and interest, legal and equitable, of Sellers in and to all of the assets and properties of Sellers listed on Attachment A to this
Instrument (the “Purchased Assets”); TO HAVE AND TO HOLD all and singular the Purchased Assets for Buyer’s own use forever. Notwithstanding anything to the contrary in this Instrument, Sellers do not sell, assign, transfer or convey
to Buyer any of the Retained Assets. 
 2. No Representations and Warranties or Indemnification Obligations in this Instrument. No
representations and warranties, or indemnification agreements with respect to them, are made in this Instrument, but rather are expressly disclaimed, it being understood and agreed that all of the rights of Buyer vis-a-vis Sellers with respect to
the Purchased Assets are governed by the Asset Purchase Agreement. 
 3. Miscellaneous. This Instrument shall be binding upon Sellers
and its successors and assigns and shall inure to the benefit of Buyer and its successors and assigns. This Instrument and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the
State of Georgia. As used herein, when appropriate in the context and under the circumstances, the singular shall include the plural, and the plural shall include the singular. 
 [signatures appear on following pages] 

 IN WITNESS WHEREOF, the undersigned has, by its duly authorized representative, executed this instrument
as of the day and year first above written. 
  

			
	SELLERS:
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

  

			
	FORESTVILLE CORPORATION
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

  

			
	VANGUARD SECURITY, INC.
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

  

			
	VANGUARD SECURITY OF BROWARD COUNTY, INC.
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

  

			
	ON GUARD SECURITY AND INVESTIGATIONS, INC.
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

  

			
	ARMOR SECURITY, INC.
		
	By:	 	/s/ Nicolas Chater
		 	Name: Nicolas Chater
		 	Title: Vice President

 ATTACHMENT A 
 “Purchased Assets” shall mean and include all of Sellers’ assets, properties and rights of every kind and description, tangible and intangible, real, personal or mixed, accrued and contingent,
which are used in the Business and are in existence on the date hereof, wheresoever located and whether or not carried or reflected on the books and records of Sellers, excluding the Retained Assets. Without limiting the generality of the foregoing,
“Purchased Assets” shall, in any event, include all of the following items owned by or leased or licensed to a Seller: 
 (i) tangible personal property, including all fixtures, furniture, detex clocks, motor vehicles, radios and communications equipment, uniforms, firearms, computers, office and field equipment, parts, raw materials and supplies; 

(ii) Intellectual Property; 
 (iii) all “general intangibles” (as defined in the Uniform Commercial Code); and all choses-in-action and causes of action; 
 (iv) to the extent transferable, the rights and benefits of Seller to any state tax accounts reflecting employer experience and wage taxes
paid to the Closing Date (for the avoidance of doubt, not including any deposits or refunds or other claims); 
 (v) goodwill;

 (vi) all telephone and fax numbers; 
 (vii) the names “The Cornwall Group”, “Forestville Corporation”, “Vanguard Security of Broward County”,
“Vanguard Security”, “On Guard Security and Investigations”, “Armor Security”, and “Cornwall Holdings”; 
 (viii) all books and records of each Seller relating to the Business, to persons employed in respect thereto, to the Purchased Assets and to the Assumed Liabilities, including all purchase orders, invoices, items of
payment, tax receipts, correspondence, internal memoranda, forecasts, price lists, sales records, personnel records, Customer lists, financial records and other written or printed materials relating thereto; 
 (ix) all rights of a Seller other than with respect to any Trade Accounts Receivable arising under or pursuant to any: (a) Customer
Contracts, (b) leases, (c) restrictive covenants obtained from any employees or former employees, (d) maintenance, supply or servicing Contracts under which a Seller is entitled to any services, goods or warranties and
(e) purchase orders issued by a Seller for the purchase of goods or services; 
 (x) to the extent assignable, Licenses
of or relating to the Business or any Persons employed therein; and 

 (xi) all deposits, prepaid sums, fees and expenses (including rental fees, utility
charges and service charges), trust funds, retainages, escrows, monies and assets held by Third Parties, and deferred charges. 
 Each
capitalized term used in this Attachment has the same meaning as set forth in the Asset Purchase Agreement.Amended and Restated Director Compensation Policy

 Exhibit 10.21 
 TRANSCEPT PHARMACEUTICALS, INC. 
 Amended and Restated Independent Director Cash Compensation
Policy 
 Cash Compensation 
  

				
	 Annual Retainer: Members of Board of Directors
	  	$	40,000
	 Annual Retainer: Additional for Committee Chairs and Non-Chair Members
	  		
	 Audit Committee: Chair
	  	$	12,000
	 Audit Committee: Non-Chair Member
	  	$	6,000
	 Compensation Committee: Chair
	  	$	10,000
	 Compensation Committee: Non-Chair Member
	  	$	5,000
	 Nominating and Corporate Governance Committee: Chair
	  	$	6,000
	 Nominating and Corporate Governance Committee: Non-Chair Member
	  	$	3,000

 TRANSCEPT PHARMACEUTICALS, INC. 
 Amended and Restated Independent Director Equity Compensation Policy 
 1.
General. This Amended and Restated Independent Director Equity Compensation Policy (the “Policy”) has been adopted by Transcept Pharmaceuticals, Inc., a Delaware corporation (the “Company”), in accordance
with Section 10.1 of the Transcept Pharmaceuticals, Inc. 2006 Incentive Award Plan (the “Equity Plan”). Capitalized but undefined terms used herein shall have the meanings provided for in the Equity Plan. 
 2. Authority. Pursuant to Section 10.1 of the Equity Plan, this Policy sets forth the terms for the grant of awards under the Equity Plan to
Independent Directors (as defined therein), which includes a written, non-discretionary formula, for the types of awards to be granted to Independent Directors and the number of shares of the Company’s common stock, par value $0.001 per share
(the “Common Stock”), subject to such awards, and also specifies, with respect to any such awards, the conditions on which such awards shall be granted, become exercisable, and expire, and such other terms as set forth below. Equity
awards granted under the authority of the Equity Plan pursuant to the provisions of this Policy are hereinafter referred to as “Awards.” 
 3. Option Awards. During the term of the Equity Plan, (i) a person who first becomes an Independent Director automatically shall be granted an Option to purchase 10,000 shares of Common Stock (an “Initial
Option”) on the date they begin to serve as an Independent Director, and (ii) an Independent Director who first becomes Chairman of the Board automatically shall be granted an Option to purchase 10,000 shares of Common Stock (an
“Initial Chairman Option”) on the date they begin to serve as Chairman of the Board. For the avoidance of doubt, a person who first becomes an Independent Director and, at the same time, becomes Chairman of the Board of Directors
shall automatically be granted both an Initial Option and an Initial Chairman Option. 
 During the term of the Equity Plan, commencing on
the date of the first meeting of the Compensation Committee (the “Committee”) held in 2010, (i) Independent Directors automatically shall be granted an Option to purchase 4,000 shares of Common Stock effective as of the date of
the first regularly scheduled Committee meeting in each fiscal year (a “First Meeting”), provided that the Independent Director has served as a member of the Board for at least six months as of such date (the “Annual
Option”), and (ii) an Independent Director that is the Chairman of the Board shall be granted an Option to purchase 1,000 shares of Common Stock effective as of the date of the First Meeting, provided that such individual has served as
an Independent Director and Chairman of the Board for at least six months as of such date (the “Annual Chairman Option”). For the avoidance of doubt, an Independent Director who is also Chairman of the Board, and has been both an
Independent Director and Chairman of the Board for at least six months as of the date of such First Meeting, shall receive both the Annual Option and Annual Chairman Option on the date of such First Meeting. 
 Members of the Board who are employees of the Company who subsequently retire from the Company and remain on the Board will not be granted an Initial
Option or Initial Chairman Option, as applicable, but to the extent they are otherwise eligible, will be granted, at each First Meeting after his or her retirement from employment with the Company an Annual Option and Annual Chairman Option grant,
as applicable. 

 (a) Option Type; Exercise Price. Options granted to Independent Directors shall be
Non-Qualified Stock Options. The exercise price per share of Common Stock subject to each Option granted to an Independent Director shall equal 100% of the Fair Market Value of a share of Common Stock on the date the Option is granted. 

(b) Vesting; Term; Termination of Service. Initial Options and Initial Chairman Options shall become vested and exercisable in
substantially equal monthly installments over the three-year period commencing on the date of grant. Annual Options and Annual Chairman Options shall become vested and exercisable in substantially equal monthly installments over the 12-month period
commencing on the date of grant. The term of each Option granted pursuant to this Policy shall be 10 years from the date the Option is granted. Upon an Independent Director’s termination of membership on the Board for any reason other than for
cause or a Qualified Retirement, his or her Options granted pursuant to this Policy shall remain exercisable for 12 months following his or her termination of membership on the Board, and upon an Independent Director’s termination of membership
on the Board as a result of a Qualified Retirement, his or her Options granted pursuant to this Policy shall remain exercisable for 18 months following his or her termination of membership on the Board; provided, however, that no Option shall be
exercisable after the expiration of the term of such Option. Unless otherwise determined by the Board on or after the date of grant of such Option, no portion of an Option granted pursuant to this Policy which is unexercisable at the time of an
Independent Director’s termination of membership on the Board shall thereafter become exercisable. A “Qualified Retirement” shall mean that the Independent Director resigns or elects not to stand for reelection to the board in
connection with his or her retirement at any time after reaching the age of 62. 
 4. Automatic Acceleration. Anything to the contrary
in the foregoing notwithstanding, Awards granted under this Policy shall automatically vest in full and become exercisable: (a) immediately prior to a Change in Control; or (b) in the case of an individual Independent Director participant,
upon the Qualified Retirement of the director from service as a director of the Company. 
 5. Treatment of Awards Granted Prior to
Policy. Equity awards granted to an Independent Director prior to the effective date of this Policy pursuant to the terms of the Company’s 2001 Stock Option Plan (the “Prior Plan”) or otherwise shall automatically vest in
full and become exercisable immediately prior to a Change in Control, notwithstanding anything to the contrary provided in the terms and conditions set forth in the Prior Plan or in any agreement evidencing the grant of the equity awards. Except as
provided in this Section 5, equity awards granted prior to the effective date of this Policy shall otherwise continue to be subject to the provisions in effect as of the effective date of this Policy governing the terms and conditions of the
awards that are set forth in the Prior Plan and/or in any agreement evidencing the grant of the awards. 

 6. Incorporation of Terms of Equity Plan. All applicable terms of the Equity Plan apply to this
Policy as if fully set forth herein except to the extent such other provisions are inconsistent with this Policy, and all grants of Awards hereby are subject in all respect to the terms of the Equity Plan. 
 7. Written Grant Agreement. The grant of any Award under this Policy shall be made solely by and subject to the terms set forth in a written
agreement in a form to be approved by the Board (or a Committee thereof in accordance with the terms of the Equity Plan) and duly executed by an executive officer of the Company. 
 8. Policy Subject to Amendment, Modification and Termination. This Policy may be amended, modified or terminated by the Board or a Committee, in
either case in the sole discretion of the Board or Committee, as applicable, at any time. No Independent Director shall have any rights hereunder unless and until an Award is actually granted.

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