Document:

Exhibit 10.3

AMENDMENT TO

STOCK OPTION AGREEMENT

This Amendment to Stock Option Agreement (this "Amendment") is made effective as of August 29, 2016, by and between _____________________ (the "Participant") and COPsync, Inc., a Delaware corporation (the "Company").

WHEREAS, the Company and the Participant are parties to that certain Stock Option Agreement, dated _______, 20__ (the "Stock Option Agreement"), pursuant to which the Participant was granted a Nonqualified Stock Option (the "Option") to purchase up to an aggregate of _________ shares of common stock of the Company, par value $0.0001 per share (the "Common Stock"), under the COPsync, Inc. 2009 Long-Term Incentive Plan, as amended;

WHEREAS, the Company's Board of Directors and its shareholders have approved the repricing of the Option to have an exercise price per share of the greater of (i) the closing price of a share of Stock on July 28, 2016 (i.e., $1.50), or (ii) $2.22; and

WHEREAS, the Company and the Participant now desire to acknowledge the amendment of the Stock Option Agreement to reduce the exercise price per share of the Option to $2.22;

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties hereby agree as follows:

1. Amendment to Stock Option Agreement.  The Stock Option Agreement is hereby amended to provide for a per share "Option Price" (as that term is used in the Stock Option Agreement) for the unexercised portion of the Option as of the date hereof of "$2.22."

2. No Other Amendments.  Except as expressly amended hereby, the provisions of the Stock Option Agreement are and will remain in full force and effect, and except as expressly provided herein, nothing in this Amendment shall be construed as a waiver of any of the rights or obligations of the Company or the Participant under the Stock Option Agreement.

3. Governing Law.  This Amendment, to the extent not otherwise governed by the Code or the laws of the United States, shall be governed by the laws of the State of Delaware, without reference to principles of conflict of laws, and construed accordingly.

4. Section 409A.  The Option is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated and other official guidance issued thereunder (collectively, "Section 409A"), and the Stock Option Agreement and this Amendment will be interpreted in a manner consistent with that intent.  Notwithstanding the foregoing, the Company makes no representations that the Option is exempt from or complies with Section 409A, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A.

5. Counterpart Execution.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall be deemed one and the same instrument.  Facsimile or electronic signatures shall have the effect of actual signatures for purposes of this Amendment.

IN WITNESS WHEREOF, this Amendment has been executed effective as of the date first set forth above.

COPSYNC, INC.

By:                                                                               

Name: Ronald A. Woessner

Title: Chief Executive Officer

Participant

                                                                             

[Name]Exhibit 10.4

 

 

SIXTH AMENDMENT TO LEASE AGREEMENT AND
FIFTH 

AMENDMENT TO PURCHASE AND SALE AGREEMENT

 

THIS SIXTH AMENDMENT
TO LEASE AGREEMENT AND FIFTH AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Agreement”), is dated effective
as of September 30, 2016 (the “Effective Date”), by and between TKC LXXII, LLC, a North Carolina limited liability
company (“TKC”), and ARGOS THERAPEUTICS, INC., a Delaware corporation (“Argos” and
together with TKC, collectively, the “Parties”).

 

RECITALS:

 

A.       TKC,
as landlord, and Argos, as tenant, are parties to that certain Lease Agreement, dated as of August 18, 2014 (as amended by that
certain First Amendment to Lease Agreement effective September 10, 2014, that certain Second Amendment to Lease Agreement effective
September 17, 2014, that certain Third Amendment to Lease Agreement effective January 31, 2015, that certain Fourth Amendment to
Lease Agreement effective June 25, 2015, and that certain Fifth Amendment to Lease Agreement and Third Amendment to Purchase and
Sale Agreement dated as of July 1, 2016, collectively, the “Lease Agreement”), for those certain improvements
(the “Improvements”) now and hereafter erected on that certain approximately 11.135 acre parcel of property
located in Durham County, North Carolina (the “Property”) as such Improvements and Property are more particularly
defined in the Lease Agreement.

 

B.       TKC,
as seller, and Argos, as buyer, are also parties to that certain Purchase and Sale Agreement dated as of February 16, 2015 (as
amended by that certain Fourth Amendment to Lease Agreement effective June 25, 2015, that certain Second Amendment to Purchase
and Sale Agreement effective November 25, 2015, that certain Fifth Amendment to Lease Agreement and Third Amendment to Purchase
and Sale Agreement dated as of July 1, 2016 and that certain Fourth Amendment to Purchase and Sale Agreement dated effective as
of September 23, 2016 (the “Fourth Amendment”), collectively, the “Purchase Agreement”) pursuant
to which TKC agreed to sell the Property to Argos, and Argos agreed to purchase the Property from TKC, on the terms set forth therein.

 

C.       Argos
has (i) informed TKC that Argos is unable to consummate the Closing (as defined in the Purchase Agreement) on or before September
30, 2016 as contemplated by the Fourth Amendment, and (ii) requested that the Parties amend the Purchase Agreement to allow for
the Closing Date (as defined in the Purchase Agreement) to occur, if at all, at Argos’s option on or before October 31, 2016.

 

D.       The
Parties desire to amend each of the Lease Agreement and the Purchase Agreement as set forth herein.

 

AGREEMENT:

 

NOW, THEREFORE,
in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the Parties agree as follows:

 

1.       Consideration
for TKC’s Extension of Option to Close; Purchase Price.

 

(a)       The
Parties acknowledge and agree that TKC has received three deposits (collectively, the “Delivered Deposits”)
from Argos in connection with the Purchase Agreement as follows: (i) the first in the amount of $381,033 delivered on or about
February 16, 2015; (ii) the second in the amount of $100,000 delivered on or about January 15, 2016, and (iii) an additional deposit
of $49,000 delivered on or about July 2, 2016.

 

    

     

    

(b)       As
a condition precedent to the effectiveness of this Agreement, (x) a counterpart of this Agreement shall be executed by Argos and
delivered by Argos to TKC on or before October 3, 2016 and (y) Argos shall make a payment to TKC (on or before October 5, 2016)
in immediately available funds in the amount of $150,000.00 (the “Additional Payment”).

 

(c)       The
Parties acknowledge and agree that, notwithstanding anything to the contrary contained in either the Lease Agreement or the Purchase
Agreement, the Delivered Deposits and the Additional Payment shall serve as consideration to TKC for TKC’s agreement to amend
the Lease Agreement and the Purchase Agreement to, inter alia, provide Argos with an option to purchase the Property at
a later date on the terms set forth herein. Argos further acknowledges and agrees that: (i) the Delivered Deposits and the Additional
Payment are forfeited to TKC as of the Effective Date (defined below) as consideration for TKC’s extension of the option
to purchase; (ii) notwithstanding anything to the contrary contained in either the Lease Agreement or the Purchase Agreement, neither
the Delivered Deposits nor the Additional Payment may be used at Closing to reduce the Purchase Price (each as defined in the Purchase
Agreement) except that if the closing occurs on or before October 7, then $135,000 of the Additional Payment shall be applied to
reduce the Purchase Price; and (iii) the Delivered Deposits and the Additional Payment shall be fully earned by TKC and non-refundable
as of the Effective Date.

 

(d)       The
Parties further acknowledge and agree that the Purchase Price (as defined in the Purchase Agreement) is Seven Million Three Hundred
Ninety Thousand and No/100 DOLLARS ($7,390,000.00).

 

(e)       The
Parties also agree that except as set forth in the Purchase Agreement, Argos has no right to purchase the Property and the purchase
option contained in the Lease is null and void.

 

(f)       As
further consideration for TKC’s agreement to extend the outside date for Closing to October 31, 2016 pursuant to the Purchase
Agreement, the Parties agree that the Lease is amended to provide that the Reduced Allowance (as defined in the Lease) in the amount
of $206,500 shall not be payable to Argos unless and until Argos closes on the purchase of the Property pursuant to the Purchase
Agreement on or before October 31, 2016 and if Argos fails to close on the purchase of the Property on or before October 31, 2016
for any reason other than a default by TKC of its obligation to close, then the Reduced Allowance shall not be payable by TKC and
Argos shall have no right whatsoever to receive the Reduced Allowance.

 

(g)The Parties
agree that Section 5 of the Purchase Agreement is amended and restated in its entirety as follows:

 

“SECTION
5. Closing. The consummation of the transactions contemplated hereby shall be held at the offices of Escrow Agent or by mail, or
at such other place as the parties may mutually agree. As used in this Agreement, “Closing” means the delivery of the
deed to Buyer, the delivery of the other closing documents described in Section 7 hereunder and the delivery of the Purchase Price
to Seller. The date of the Closing shall be selected by the Buyer but shall occur not later than October 31, 2016, time being of
the essence and the parties agree that the Closing shall be effected through the Escrow Agent and the physical presence at Closing
shall not be required by either representatives of Buyer or Seller. The date on which the Closing occurs is referred to herein
as the “Closing Date”.

 

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2.       Effectiveness.
This Agreement shall become effective as of the Effective Date when, and only when, each of the following conditions shall have
been satisfied or waived, in the sole discretion of TKC:

 

(a)       TKC
shall have received counterparts of this Agreement duly executed by each of TKC and Argos.

 

(b)       TKC
shall have received the Additional Payment.

 

 

3.       Conditions
Precedent and Closing Documents. Argos acknowledges and agrees that as of the date hereof all of TKC’s obligations under
the Lease and the Purchase Agreement have been satisfied and that all of the conditions to be satisfied by TKC under the Lease
and the Purchase Agreement prior to the Closing have been satisfied. Argos acknowledges and agrees that TKC has delivered all of
the documents to be delivered by TKC at Closing under the Purchase Agreement to Escrow Agent and such documents are in form and
substance satisfactory to Argos.

 

4.       Ratification;
Miscellaneous; Assignment. Time is of the essence with respect to all of the obligations of the Parties under this Agreement.
Each of the Lease Agreement and the Purchase Agreement, as amended by this Agreement, shall remain enforceable in accordance with
its terms. Terms and provisions of either the Lease Agreement or the Purchase Agreement that are not expressly modified by this
Agreement shall remain in full force and effect. As amended by this Agreement, all of the terms, conditions and provisions of each
of the Lease Agreement and the Purchase Agreement are hereby ratified and affirmed in all respects. To the extent any terms, conditions
and obligations contained in this Agreement conflict with the terms in either the Lease Agreement or the Purchase Agreement, those
in this Agreement shall control. This Agreement may be executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument, and any of the signatories hereto may execute this Agreement by signing any such counterpart.
Notwithstanding any contrary provision in the Purchase Agreement, the Purchase Agreement may be assigned by Buyer without the consent
of Seller.

 

[SIGNATURE PAGE TO FOLLOW]

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IN WITNESS WHEREOF,
the undersigned have duly executed this Agreement as of the day and year first above written.

 

 

	 	TKC:
	 	 	 
	 	TKC LXXII, LLC, 
 a North Carolina limited liability company
	 	 	 
	 	 	 
	 	By:	/s/ Kenneth R. Beuley 
	 	 	Kenneth R. Beuley, Authorized Member
	 	 	 
	 	 	 
	 	ARGOS:
	 	 
	 	ARGOS THERAPEUTICS, INC., 
 a Delaware corporation
	 	 
	 	 
	 	By:	 /s/ Jeff Abbey
	 	Name: 	Jeff Abbey
	 	Title: 	President and CEO

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