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lens-ex101_6.htm

Exhibit 10.1

CONSULTING AGREEMENT

This Consulting Agreement (the “Agreement”), dated as of October 1, 2015, is by and between Presbia PLC, an Irish incorporated public limited company (the “Company”), and Zohar Loshitzer (the “Consultant”). 

W I T N E S S E T H:

WHEREAS, the Company desires to retain the Consultant to provide certain business consulting services to the Company pursuant to the terms set forth in this Agreement; and 

WHEREAS, the Consultant is willing to provide such services on the terms set forth in this Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, it is agreed as follows:

1. Services.  The Company hereby retains the Consultant, on a non-exclusive basis, to render business consulting services to the Company and its affiliates from time to time as the Company and the Consultant shall agree upon.  Such services may be rendered at the Consultant’s offices or at such other locations selected by the Consultant as the Consultant and the Company shall from time to time agree upon.  The Consultant agrees to perform all services provided hereunder in accordance with all applicable laws, rules and regulations. 

2. Compensation.  As consideration for the services, the Company agrees to pay Consultant a $60,000 annual consulting fee during the term of this Agreement, payable monthly.  The compensation payable hereunder shall be in addition to any compensation payable to the Consultant for his services as a director of the Company.

3. Reimbursement of Expenses.  In addition to the compensation provided for in paragraph 2 above, within 15 days of the receipt of an invoice therefor, the Company will reimburse the Consultant for or, if requested by Consultant, advance to Consultant the reasonable, actual out-of-pocket expenses incurred, or to be incurred, by the Consultant in performing services hereunder for the Company, upon the Consultant’s rendering of statements therefor together with such supporting data as the Company reasonably shall require, provided, however, that all such expenses must be pre-approved by the Company.

4. Term and Termination.  This Agreement shall become effective on the date hereof (the “Effective Date”).  This Agreement will expire on the first (1st) anniversary of the Effective Date; provided, however, that this Agreement may be extended upon the mutual written consent of the Company and the Consultant.  Either party may terminate this Agreement at any time upon written notice to the other party (provided that a pro rata portion of the compensation payable under Section 2, and any reimbursement due under Section 3, at the time of such termination shall be due and payable).

5. Indemnification and Confidentiality.  Reference is made to (i) the Indemnification Agreement, dated January 14, 2015, between the Company and the Consultant and (ii) the Indemnification Agreement, dated March 20, 2014, between Presbia USA, Inc., an affiliate of the Company, and the Consultant (together, the “Indemnification Agreements”).  The Company and the Consultant acknowledge and agree that the terms of the Indemnification Agreements shall govern the Consultant’s provision of services under this Agreement.  Reference is made to the Employee Covenants Agreement, dated as of November 1, 2013, by and between the Company and the Consultant (the “Covenant Agreement”).  The Company and the Consultant acknowledge and agree that notwithstanding that the Consultant ceased to be an employee of the Company effective as of September 30, 2015, the Convenant Agreement remains in effect and its terms shall govern the the Consultant’s provision of services under this Agreement.  

6. Amendment.  Neither this Agreement nor any provision hereof may be modified, waived, terminated or amended except expressly by an instrument in writing, signed by the Consultant and the Company.

 

7. Assignment.  This Agreement may not be assigned by either party without the consent of the other party; provided, however, that the Consultant may assign the proceeds hereof to any party; and provided further that this Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns upon any permitted assignment.

8. Enforceability.  In the event that any provision of this Agreement shall be held to be void or unenforceable, in whole or in part, the remaining provision(s) of this Agreement and, in the event a provision has been held void or unenforceable in part, the remaining portion of said provision shall continue in full force and effect, provided that the business purpose and financial substance of this Agreement shall not have been materially changed thereby.

9. Notices.  All notices, requests, consents and other communications, required or permitted to be given hereunder, shall be in writing and shall be deemed to have been duly given when received if delivered personally (followed promptly by first class mail), one day after delivery by Federal Express or a similar nationally recognized delivery service for overnight delivery, or on the second business day after mailing, first class, postage prepaid, by registered or certified mail, return receipt requested, as follows (or to such other address as either party shall designate by notice in writing to the other party in accordance herewith):

 

If to the Company:

Presbia PLC 

120/121 Baggot Street Lower

Dublin 2, Ireland

Attention:  Chief Executive Officer

 

If to the Consultant:

Zohar Loshitzer

c/o Orchard Capital Corporation

4700 Wilshire Blvd.

Los Angeles, CA 90010

 

10. Waiver.  No delay or omission by either party in exercising any right, power or remedy accruing to such party upon the other party’s breach of any provision of this Agreement shall be deemed a waiver thereof, nor shall any waiver of any single breach be deemed a waiver of any preceding or succeeding breach of such provision or any other provision herein contained.

11. Independent Contractor.  The Consultant shall, for purposes of this Agreement, be an independent contractor with respect to the Company.

12. Governing Law.  This Agreement shall be governed by the laws of the State of California, without regard to principles of conflicts of law, whether of such state or any other state.

13. Counterparts.  This Agreement may be executed in counterparts (including electronic counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date and year first above written.

 

 

	
 
	
PRESBIA PLC

	
 
	
 

	
 
	
 

	
 
	
/s/ Richard T. Fogarty

	
 
	
Title: Chief Accounting Officer

	
 
	
 

	
 
	
 

	
 
	
ZOHAR LOSHITZER

	
 
	
 

	
 
	
 

	
 
	
/s/ Zohar Loshitzer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to Consulting Agreement]Exhibit

EXHIBIT 10.43

FORM OF AMENDMENT NO. 2 TO ADVISORY AGREEMENT
THIS AMENDMENT NO. 2 TO ADVISORY AGREEMENT, dated as of October ___, 2015 is entered into among Griffin Capital Essential Asset REIT II, Inc., a Maryland corporation (the “Company”), GRIFFIN CAPITAL ESSENTIAL ASSET OPERATING PARTNERSHIP II, L.P., a Delaware limited partnership and Griffin Capital Essential Asset Advisor II, LLC, a Delaware limited liability company (the “Advisor”).
RECITALS
WHEREAS, the Company, the Operating Partnership and the Advisor are parties to an Advisory Agreement dated July 31, 2014, as amended by that certain Amendment No. 1 to Advisory Agreement dated March 18, 2015 (together, the “Advisory Agreement”), pursuant to which the Advisor agreed to provide certain services to the Company and the Operating Partnership, and the Company agreed to provide certain compensation to the Advisor in exchange for such service; 
WHEREAS, on June 16, 2015, the parties hereto mutually consented to continue the Advisory Agreement in force until August 12, 2015, subject to an unlimited number of successive one (1) year renewals upon the mutual consent of the parties, as provided in Section 14.1 of the Advisory Agreement; 
WHEREAS, on August 12, 2015, the Company reviewed the terms of the Advisory Agreement, determined that the terms of the Advisory Agreement are fair and reasonable to the Company and renewed the Advisory Agreement for an additional one (1) year term; and
WHEREAS, in connection with the Company’s decision to sell shares of Class T common stock and cease offering shares of Class A common stock, the Company, the Operating Partnership and the Advisor have determined that it is advisable to enter into an additional amendment to the Advisory Agreement to clarify expenses incurred by the Company and Advisor and fees paid to the Advisor. 
NOW THEREFORE, the Company, the Operating Partnership and the Advisor hereby modify and amend the Advisory Agreement as follows:
		
	1.
	Defined Terms. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Advisory Agreement. 

		
	2.
	Amendments to Advisory Agreement. 

The following term defined in Article I is hereby removed and replaced with the following:

“Capped O&O Expenses” means all Organizational and Offering Expenses (excluding Sales Commissions, the dealer manager fee and stockholder servicing fees) in excess of 3.5% of the Gross Proceeds raised in a completed Offering other than Gross Proceeds from Stock sold pursuant to the Distribution Reinvestment Plan. 

Section 9.1 is hereby removed and replaced with the following: 

9.1    Acquisition Fees. The Company will pay the Advisor, as compensation for the services described in Section 4.2, Acquisition Fees in an amount up to 3.85% of the Contract Purchase Price of each Property at the time and in respect of funds expended for the acquisition or development of a Property.  The Acquisition Fees consist of a 2.0% base acquisition fee and up to an additional 1.85% contingent acquisition fee (the "Contingent Acquisition Fee"). The amount of the Contingent Acquisition Fee paid upon the closing of an acquisition will be reviewed on an acquisition by acquisition basis and such payment shall not exceed the then outstanding amounts paid by the Advisor for dealer manager fees and Organizational and Offering Expenses at the time of such closing. The Advisor may waive or defer all or a portion of the Acquisition Fee at any time and from time to time, in the Advisor’s sole discretion. The purchase price allocable for a Property held through a Joint Venture shall equal the product of (a) the Contract Purchase Price of the Property and (b) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating 

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Partnership. For purposes of this Section 9.1, “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests held by the Company or the Operating Partnership, without regard to classification of such interests. The total of all Acquisition Fees and Acquisition Expenses shall be limited in accordance with the Charter. 

Section 10.1(a) is hereby removed and replaced with the following: 

(a)     reimbursements for Organizational and Offering Expenses in connection with an Offering (to the extent such expenses exceed 1.0% of Gross Proceeds from the Offering), provided, however, that within 60 days after the end of the month in which an Offering terminates, the Advisor shall reimburse the Company to the extent (i) there are Capped O&O Expenses borne by the Company or (ii) Organization and Offering Expenses borne by the Company (including Sales Commissions, dealer manager fees, stockholder servicing fees and non-accountable due diligence expense allowance but not including Acquisition Fees or Acquisition Expenses) exceed 15% of the Gross Proceeds raised in a completed Offering; 

		
	3.
	Amendment. This Amendment may not be amended or modified except in writing signed by all parties. 

		
	4.
	Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of California. 

		
	5.
	Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute a single instrument. 

[Signatures appear on next page]

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IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 to Advisory Agreement to be effective for all purposes as of the date first above written.

	
			
	THE COMPANY:

	 
	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC.

	 
	 
	 

	By:
	 
	 

	 
	Kevin A. Shields
	 

	 
	Chief Executive Officer
	 

	 
	 
	 

	THE OPERATING PARTNERSHIP

	 
	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET OPERATING PARTNERSHIP II, L.P.

	 
	 
	 

	By:
	GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC., ITS GENERAL PARTNER

	 
	 
	 

	By:
	 
	 

	 
	Kevin A. Shields
	 

	 
	Chief Executive Officer
	 

	 
	 
	 

	THE ADVISOR

	 
	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET ADVISOR II, LLC

	 
	 
	 

	By:
	 
	 

	 
	Kevin A. Shields
	 

	 
	Chief Executive Officer
	 

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