Document:

Fourth Amendment to Office Lease

 Exhibit 10.13 
 AMENDMENT #4 
 This amendment of lease is made on January 17, 2011 between SUNTREE
GARDENS, LLC (“Lessor”) and SORRENTO THERAPEUTICS, INC., A DELAWARE CORPORATION (“Lessee”). 
  

	I.	Recital: This amendment of lease is made with reference to the following facts and objectives: 

 

	 	A.	Sorrento Therapeutics, Inc., a Delaware Corporation (Lessee), and Suntree Garden, LLC (Landlord) are parties to that certain lease made and entered into as of
July 28, 2009 (“Original Lease”), and amended on August 1, 2009 (First Amendment), and on October 1, 2009 (Amendment #2), and amended on November 11, 2010 (Amendment #3) relating to the Premises located in the Building
at 6042 Cornerstone Court West, San Diego, CA 92121. 

  

	 	B.	The parties to the lease desire to amend the lease to add additional space. 

 

	 	C.	Now, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree and modify the lease as follows:

  

	II.	Increase in premise: The premises was increased by approximately 1,455 square feet in Amendment #3 (the “Initial Additional Space”). The parties desire to
increase the premises further by approximately 626 square feet in this Amendment #4 (the “Additional Space”). The “Combined Additional Space” is therefore revised to be 2,081 square feet. 

 

	III.	The lease term for the Combined Additional Space shall be 44 months, (a) commencing on the later to occur of (i) February 1, 2011 and (ii) the
substantial completion of Tenant Improvements (as defined below) to Lessee’s reasonable satisfaction, and (b) terminating on September 30, 2014. 

 

	IV.	The base rent structure for the Combined Additional Space is: 

  

									
	Period	 	Base rent per SF	 	 	Monthly Base Rent	 
	2/1/2011* –9/30/2011	 	$	1.03	  	 	$	2,143.43	  
	10/1/2011 –9/30/2012	 	$	1.06	  	 	$	2,205.86	  
	10/1/2012 –9/30/2013	 	$	1.09	  	 	$	2,268.29	  
	10/1/2013 –9/30/2014	 	$	1.12	  	 	$	2,330.72	  

  

	*	Contingent upon the substantial completion of Tenant Improvements to Lessee’s reasonable satisfaction. 

 

	V.	Lessee’s share of Operating Expense shall be increased to include the Combined Additional Space. 

 

	VI.	UTILITIES: Lessee shall pay for gas and electricity for the Combined Additional Space. Water and trash removal are included in the CAM charges.

  

	VII.	Landlord shall provide four lab benches in the Additional Space, one L-shaped lab bench against the wall in the Initial Additional Space, and associated water pipings
and sinks and electrical wirings and power supplies for the benches, new paint for the entire Combined Additional Space, and new carpet for the Initial Additional Space (collectively, the “Tenant Improvements”). 

 

	VIII.	Section 1.2(b) of the Original Lease is hereby amended and restated as follows: 

“Parking: 9 unreserved and 13 reserved vehicle parking spaces at a monthly cost of $0 per unreserved space and $0 per reserved
space. (See Paragraph 2.6)” 
  

	IX.	Effectiveness of Lease: Except as set forth in this executed Amendment #4 to the Lease, all other terms and conditions of the Original Lease, as amended by First
Amendment and Amendment #2, between the parties described above shall continue in full force and effect. The terms and conditions of Amendment #3 are in full force and effect until the commencement of this Amendment #4. 

In witness thereof, the parties hereto execute this agreement on the dates indicated below: 

 

							
	Lessor	 	Lessee
		
	SUNTREE GARDEN, LLC.	 	SORRENTO THERAPEUTICS, INC., a Delaware Corporation
				
	By:	 	 /s/ David Wen
	 	By:	 	 /s/ Henry Ji

	Title:	 	Managing Member	 	Title:	 	CSO
	Date:	 	1/17/2011	 	Date:	 	Jan 17, 2011Fifth Amendment to Office Lease

 Exhibit 10.14 
 AMENDMENT #5 
 This amendment of lease is made on February 9, 2012 between SUNTREE
GARDENS, LLC (“Lessor”) and SORRENTO THERAPEUTICS, INC., A DELAWARE CORPORATION. (“Lessee”). 
  

	I.	Recital: This amendment of lease is made with reference to the following facts and objectives: 

 

	 	A.	Sorrento Therapeutics, Inc., a Delaware Corporation (Lessee) and, Suntree Garden, LLC (Landlord) are parties to that certain lease made and entered into as of
July 28, 2009 (“Original Lease”), and amended on August 1, 2009 (“First Amendment”), October 1,2009 (Amendment#2), November 11, 20l0(Amendment #3), and January 17, 2011 (Amendment #4), relating to the Premises
located in the Building at 6042 Cornerstone Court West. San Diego, CA 92121 

  

	 	B.	The parties to the lease desire to amend the lease to add additional space. 

 

	 	C.	Now, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree and modify the lease as follows:

  

	II.	Increase in Premises: The premises shall be increased to include Suite B, located on the second floor of 6042 Cornerstone Court West, San Diego, CA, (Exhibit A). The
size of Suite B is approximately 3,216 square feet. The actual size shall be confirmed per BOMA standards. 

  

	III.	Lease Term: The lease term for Suite B shall be 60 months, commencing on April 1. 2012, and terminating on March 31, 2017. 

 

	IV.	Rent: The monthly rent for Suite B shall be $ 0.75 NNN per square foot for 60 months. Base rent (for Suite B) for month’s four (4), sixteen (16), twenty eight
(28), and forty (40) shall be abated. Lessee shall pay NNN charges and separately metered utilities to the suite during the abatement months. 

  

	V.	Utilities: Lessee shall pay for gas and electricity for Suite B. Water and trash removal are included in the CAM charges. 

 

	VI.	Suite B Tenant Improvement: Landlord shall replace flooring, repaint suite, and make sure all HVAC, lighting, and doors are in working condition. Quality of flooring
(tiles) and painting shall be of similar grade as Accelagen’s second floor laboratory in Fountain Plaza. 

  

	VII.	Parking: Lessee shall receive nine (9) additional unreserved parking spaces at no cost. 

 

	VIII.	Option to Extend: Lessee shall have one (1) option to extend the (Suite B) lease for an additional five years at market rate. In no event shall the rent be lower
than $0.75 NNN per square foot per month. 

  
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	IX.	Effectiveness of Lease: Except as set forth in this executed Amendment #5 to the Lease, all other terms and conditions of the Original Lease, as amended by previous
amendments, shall continue in full force and effect. 

 In witness thereof, the parties hereto execute this agreement on the dates
indicated below: 
  

											
	Lessor	 	Lessee	 		 	
				
	SUNTREE GARDEN, LLC.	 	SORRENTO THERAPEUTICS, Inc., a Delaware Corporation	 		 	
						
	By:	 	 /s/ David Wen
	 	By:	 	 /s/ Richard Vincent
	 	By:	 	 /s/ Henry Ji

	Title:	 	Managing Member	 	Title:	 	CFO	 	Title:	 	Interim CEO
	Date:	 	2/21/2012	 	Date:	 	2/9/12	 	Date:	 	2/9/12

  
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 EXHIBIT A 
 Fountain Plaza 
 6042 Cornerstone Court West 

Approx 3,216 Sq. Ft.Amendment No. 1 to the Rights Agreement

 EXHIBIT 4.1 
 AMENDMENT NO. 1 
 TO 

RIGHTS AGREEMENT 
 AMENDMENT NO.
1, dated as of March 27, 2012 (this “Amendment”), to the Rights Agreement (the “Rights Agreement”), dated as of December 10, 2004, between PENTAIR, INC., a Minnesota corporation (the
“Company”), and WELLS FARGO BANK, N.A., as the Rights Agent (the “Rights Agent”). Capitalized terms used in this Amendment but not otherwise defined herein shall have the meanings ascribed to such terms in the
Rights Agreement. 
 WHEREAS, the Company and the Rights Agent entered into the Rights Agreement specifying the terms of the Rights; 

WHEREAS, it has been proposed that the Company enter into an Merger Agreement to be dated the date hereof with Tyco International Ltd., a corporation
limited by shares (Aktiengesellschaft) organized under the laws of Switzerland (“Parent”), Tyco Flow Control International Ltd., a corporation limited by shares (Aktiengesellschaft) organized under the laws of
Switzerland and presently a wholly-owned subsidiary of Parent (“Spinco”), Panthro Acquisition Co., a Delaware corporation (“AcquisitionCo”) and a wholly-owned subsidiary of Spinco and Panthro Merger Sub, Inc., a
Minnesota corporation (“Merger Sub”) and a wholly-owned subsidiary of AcquisitionCo; 
 WHEREAS, the Board of Directors of the
Company desires to amend the Rights Agreement to render the Rights inapplicable to the Merger (as defined in the Merger Agreement) and the other transactions contemplated by the Merger Agreement; 

WHEREAS, the Company deems this Amendment to be advisable and in the best interests of the holders of the Rights (including, prior to the Distribution
Date, registered holders of the Common Shares) and at a duly convened meeting the Company’s Board of Directors has duly approved this Amendment; 
 WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to such time as any Person becomes an Acquiring Person, and subject to certain exceptions set forth therein, the Company may, and the
Rights Agent shall, if the Company so directs, supplement or amend any provision of the Rights Agreement without the approval of any holders of certificates representing Common Shares of the Company; 

WHEREAS, no Person has become an Acquiring Person as of the date hereof; 
 WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company has delivered to the Rights Agent a certificate signed by Angela Lageson, Senior Vice President, General Counsel &
Secretary of the Company certifying that this Amendment complies with the terms of Section 27 of the Rights Agreement; 
 WHEREAS, the
Company desires to amend the Rights Agreement in accordance with Section 27 of the Rights Agreement as set forth herein; 

 NOW, THEREFORE, in consideration of the premises and mutual agreements set forth in the Rights Agreement and
this Amendment, the parties hereby agree as follows: 
  

	 	1.	Section 1 of the Rights Agreement is hereby amended by adding the following terms in the appropriate alphabetical order: 

“AcquisitionCo” shall mean Panthro Acquisition Co., a Delaware corporation and a wholly-owned subsidiary of Spinco.

 “Effective Time” shall have the meaning ascribed to such term in the Merger Agreement. 

“Exempted Transaction” shall have the meaning set forth in the definition of Acquiring Person, as amended herein.

 “Merger” shall have the meaning ascribed to such term in the Merger Agreement. 

“Merger Agreement” shall mean the Merger Agreement by and among the Company, Parent, Spinco, AcquisitionCo, and Merger
Sub dated as of March 27, 2012. 
 “Merger Sub” shall mean Panthro Merger Sub, Inc., a Minnesota
corporation and a wholly-owned subsidiary of AcquisitionCo. 
 “Parent” shall mean Tyco International Ltd., a
corporation limited by shares (Aktiengesellschaft) organized under the laws of Switzerland. 
 “Parent
Group” shall have the meaning set forth in the definition of Acquiring Person, as amended herein. 

“Spinco” shall mean Tyco Flow Control International Ltd., a corporation limited by shares (Aktiengesellschaft)
organized under the laws of Switzerland and presently a wholly-owned subsidiary of Parent. 
  

	 	2.	The definition of “Acquiring Person”, as set forth in Section 1(a) of the Rights Agreement is hereby amended by inserting the following at the end
of such definition: 

 “Notwithstanding anything to the contrary set forth in this definition or in this
Agreement, none of Parent, Spinco, AcquisitionCo, Merger Sub nor any Subsidiary (as such term is defined in the Merger Agreement) of Parent (collectively, the ‘Parent Group’) shall be, or shall be deemed to be, an Acquiring Person,
either individually or collectively, solely by virtue of (A) the approval, execution, delivery or amendment of the Merger Agreement; (B) the public announcement of the Merger Agreement or the Merger; (C) the consummation of the
Merger; or (D) the consummation of the other transactions contemplated by the Merger Agreement. Each event described in clauses (A), (B), (C) and (D) above is referred to herein as an ‘Exempted Transaction’.”

  
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	 	3.	The definitions of “Beneficial Owner”, “beneficially own” and “Beneficial Ownership” set forth in Section 1(c)
of the Rights Agreement are hereby amended by inserting the following at the end of such definitions: 

“Notwithstanding anything to the contrary set forth in this definition or in this Agreement, the Parent Group, either individually
or collectively, shall not be deemed to be a ‘Beneficial Owner’ of, to have ‘Beneficial Ownership’ of, or to ‘beneficially own’, any securities solely by virtue of or as a result of any Exempted Transaction.”

  

	 	4.	The parenthetical containing the definition of “Distribution Date” set forth in Section 3(a) of the Rights Agreement is hereby amended to read in
its entirety: 

 “(including in either case any such date which is after the date of this Agreement and prior
to the Record Date; the earlier of such dates being herein referred to as the “Distribution Date”; provided, however, that if the tenth day or Business Day, as the case may be, after the pertinent date occurs before the Record Date,
“Distribution Date” shall mean the Record Date; provided further that, notwithstanding anything to the contrary in this Section 3(a) or in this Agreement, a Distribution Date shall not be deemed to have occurred by virtue of or
as a result of any Exempted Transaction or the public announcement thereof.)” 
  

	 	5.	The definition of “Share Acquisition Date”, as set forth in Section 1(l) of the Rights Agreement is hereby amended by inserting the following at
the end of such definition: 

 “Notwithstanding anything to the contrary set forth in this definition or in
this Agreement, a Share Acquisition Date shall not be deemed to have occurred by virtue of or as a result of any Exempted Transaction or the public announcement thereof.” 

 

	 	6.	Section 29 of the Rights Agreement is hereby amended to add the following sentence at the end thereof: 

“Nothing in this Agreement shall be construed to give any holder of Rights (including, prior to the Distribution Date, the Common
Shares of the Company) or any person any legal or equitable right, remedy or claim under this Agreement by virtue of or in connection with any Exempted Transaction.” 

 

	 	7.	The following is added as a new Section 11(q) of the Rights Agreement: 

 “Notwithstanding anything to the contrary in this Section 11 or in this Agreement, a Section 11(a)(ii) Event shall not be deemed to have occurred by virtue of or as a result of any Exempted
Transaction or the public announcement thereof.” 

  
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	 	8.	Section 13(c) of the Rights Agreement is hereby amended to add the following sentence at the end thereof: 

“Notwithstanding anything to the contrary in this Section 13 or in this Agreement, a Section 13 Event shall not be deemed
to have occurred by virtue of or as a result of any Exempted Transaction or the public announcement thereof.” 
  

	 	9.	Section 23 of the Rights Agreement is hereby amended to add the following at the end thereof: 

“(d) At the Final Expiration Date, (i) this Agreement shall be terminated and be void and of no further force or effect,
(ii) none of the parties to this Agreement will have any rights, obligations or liabilities hereunder and (iii) the holders of the Rights (including, prior to the Distribution Date, registered holders of the Common Shares) shall not be
entitled to any benefits, rights or other interests under this Agreement, including, without limitation, the right to purchase or otherwise acquire any securities of the Company.” 

 

	 	10.	The Exhibits to the Rights Agreement shall be deemed restated to reflect this Amendment, mutatis mutandis. 

 

	 	11.	The term “Agreement” as used in the Rights Agreement shall be deemed to refer to the Rights Agreement as amended hereby. 

 

	 	12.	This Amendment shall be effective upon execution by the parties hereto and, except as set forth herein, the Rights Agreement shall remain in full force and effect and
shall be otherwise unaffected hereby. 

  

	 	13.	If the Merger Agreement is terminated and the Merger is abandoned, then from and after such time this Amendment shall be of no further force and effect and the Rights
Agreement shall remain exactly the same as it existed immediately prior to execution of this Amendment. 

  

	 	14.	This Amendment may be executed in any number of counterparts and each of such counterpart shall for all purposes be deemed to be an original, and all such counterparts
shall together constitute one and the same instrument. 

  

	 	15.	The Rights Agent shall not be subject to, nor be required to interpret or comply with, nor determine if any Person has complied with, the Merger Agreement, even though
reference thereto may be made in this Amendment or the Rights Agreement. 

  

	 	16.	By its execution and delivery hereof, the Company directs the Rights Agent to execute this Amendment. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the day and year first above written. 
  

					
	PENTAIR, INC.,
		
	by 	 	/s/ Angela Lageson
		 	 Name:
	 	Angela Lageson
		 	 Title:
	 	Senior Vice President,
General Counsel & Secretary

  

					
	WELLS FARGO BANK, N.A.,
	as Rights Agent
		
	by 	 	/s/ Barbara M. Novak
		 	Name:	 	Barbara M. Novak
		 	Title:	 	Vice President

  
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