Document:

Exhibit 10.1

 

 

*** OMITTED AND FILED SEPARATELY WITH
THE

SECURITIES AND EXCHANGE COMMISSION

 

CONFIDENTIAL TREATMENT REQUESTED UNDER
17 C.F.R. SECTION 240.24b-2

 

FIRST
AMENDMENT TO LEASE 

 

This FIRST AMENDMENT
TO LEASE (this “Amendment”), dated as of November 24, 2014 (the “Effective Date”), is made
between 417 FIFTH AVE REAL ESTATE LLC (the "Landlord") and PREMIER EXHIBITIONS, INC. (the "Tenant").

 

W I
T N E S S E T H :

 

WHEREAS by that certain
Agreement of Lease dated as of April 9, 2014 (the “Lease”) Landlord leased to Tenant and Tenant leased from
Landlord certain premises located in the building located at 417 Fifth Avenue, New York, New York (the “Building”)
as more particularly described in Article 41 of the Lease (the “Premises”);

 

WHEREAS, Landlord is
responsible for the performance of the Initial Work on behalf of Tenant pursuant to Article 46 of the Lease;

 

WHEREAS, Landlord and
Tenant mutually desire to modify Article 46 to provide that Tenant shall be responsible for the performance of the Initial Work;
and

 

WHEREAS, Tenant is
obligated to pay Landlord the Additional Amortized Rent pursuant to Article 46.D(6) of the Lease;

 

WHEREAS, Landlord and
Tenant mutually desire to clarify the payment of the Additional Amortized Rent by amending Exhibit C and Exhibit C-1 to the Lease
and in other respects upon the terms hereinafter contained; and

 

WHEREAS, Landlord and
Tenant mutually desire to modify the Lease in certain other respects, as hereinafter set forth.

 

NOW THEREFORE in consideration
of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, Landlord and Tenant hereby agree that the Lease is hereby amended, modified and supplemented as follows:

 

1.                 
Defined Terms. Unless the context otherwise clearly indicates a contrary intent or unless specifically otherwise
provided herein, each term used in this Amendment which is defined in the Lease shall be deemed to have the meaning ascribed thereto
in the Lease.

 

2.                 
Commencement Date. Landlord and Tenant each acknowledge and agree that the Commencement Date occurred on July 9,
2014.

    	 

    	 

    

3.                 
Rent Commencement Date. Landlord and Tenant each acknowledge and agree that the Rent Commencement Date shall occur
on January 9, 2015. Landlord hereby waives any Tenant Delay that occurred prior to the date hereof.

 

4.                 
Landlord’s Work. Landlord and Tenant each acknowledge and agree that the Landlord’s Work was Substantially
Completed on July 9, 2014.

 

5.                 
Façade Work. Landlord and Tenant each acknowledge and agree that the Façade Work was Substantially
Completed on November 7, 2014. Tenant hereby waives any right to receive a per diem rent credit against Fixed Rent due to the Façade
Work not being completed by the Anticipated Facade Work Completion Date.

 

6.                 
Initial Work. Section 46.D of the Lease is hereby modified to provide the following:

 

(a)All references in the Lease
regarding the performance of the Initial Work to be performed by Landlord are hereby deleted in their entirety, including, without
limitation, Section 46.D(7). In lieu thereof, Tenant shall be responsible for the performance of the Initial Work and agrees to
hire a construction management company (the “CMC”), reasonably acceptable to Landlord, to perform (or cause
to be performed) the Initial Work in compliance all Legal Requirements, the terms of this Lease and the Final Plans approved by
Landlord. Landlord hereby approves Structure Tone as an approved CMC. Notwithstanding Tenant being responsible for the performance
of the Initial Work, Landlord agrees to assist Tenant and the CMC, at no cost to Tenant other than the CM Fee, in their performance
of the Initial Work, as reasonably requested, by attending onsite meetings with Tenant, the CMC and/or other professionals involved
in the performance of the Initial Work, overseeing the performance of the Initial Work, coordinating various aspects of the Initial
Work and/or performing such other acts to facilitate the performance of the Initial Work amongst the various parties and governmental
agencies involved in connection with the Initial Work.

 

(b)Section 46.D(3) is hereby deleted
in its entirety, and all references in the Lease to the Bids are hereby deleted in their entirety.

 

(c)As of the Effective Date, the
estimated cost to perform the Initial Work is [* * *], as more particularly described on Schedule 1 annexed hereto and made
a part hereof (the “Estimated Project Costs”). The Estimated Project Costs is based on Proposed Plans (not Final
Plans) dated September 4, 2014 and does not include costs associated with [* * *] (collectively, the “Additional Costs”).
In order to ensure sufficient funds are available to complete the Initial Work (exclusive of the Additional Costs), Tenant shall
deliver to Landlord, simultaneously upon execution of this Amendment, in immediately available funds, an amount equal to [* * *]
(the “Initial Fund”). The Initial Fund was determined by calculating the difference between the Estimated Project
Costs and the aggregate amount of the Landlord Contribution, the Revolving Door Contribution and the Construction Allowance. Prior
to incurring any Additional Costs, [* * *]. Landlord shall hold the Initial Fund in a non-interest bearing bank account and shall
make disbursements therefrom to Tenant’s architect, engineer, expediter or to the CMC in accordance with Section 46.D(5)(c)
as the Initial Work progresses. [* * *]. The Initial Fund is paid as a trust fund, similar to the provisions of Section 13 of the
New York Lien Law, to be used only for the payment of the costs related to the Initial Work, and not as additional security for
Tenant’s obligations under the Lease. Landlord and Tenant agree that the Initial Fund being paid on the date hereof shall
be allocated as follows: (i) the amount of [* * *] shall be paid directly to “Murray Hill Properties” to be applied
towards the CM Fee, which amount shall be deemed due and payable on the date hereof, and (ii) the balance of the Initial Fund,
in the amount of [* * *] shall be delivered to and held by Landlord in accordance with the provisions of this Lease (as amended
in this First Amendment). The portion of the Initial Fund, if any, that is not applied to the costs of the Initial Work, shall
be refunded to Tenant. [* * *].”

 

    	 

    	 

    

(d)Section 46.D(4) is hereby deleted
in its entirety. Upon request by the CMC and after receipt by Landlord of all necessary paperwork, including drawings with respect
to the Final Plans, Landlord agrees to assist the CMC to obtain, at Tenant’s sole cost and expense, any and all building
permits required for the performance of the Initial Work, including, without limitation, any determinations necessary to obtain
same.

 

(e)Section 46.D(5)(c) is hereby
deleted in its entirety and replaced with the following new language:

 

“Provided
this Lease is in full force and effect and no default under this Lease then exists beyond the expiration of any applicable notice
and cure periods, Landlord shall pay to Tenant’s architect, engineer, expediter or to the CMC for costs incurred by Tenant
in connection with the performance of the Initial Work, but subject to the Soft Cost Cap with respect to the Soft Costs and in
all events subject to the provisions of this Lease. Landlord shall disburse funds for the Initial Work initially from the Initial
Fund (including any subsequent deposits as required hereunder) until same is entirely utilized, then from the Landlord Contribution
and the Revolving Door Contribution (if applicable) and then, after all of the foregoing amounts have been utilized, from the Construction
Allowance. Landlord shall not be obligated to make any disbursement until Tenant delivers to Landlord a Disbursement Request (as
hereinafter defined), which is accompanied by all of the documentation required below. Landlord shall not make more than one (1)
disbursement of the Initial Fund, the Landlord Contribution, the Revolving Door Contribution (if applicable) and/or the Construction
Allowance more frequently than once in any calendar month. Subject to the terms of this Section 46.D(5)(c), Landlord shall disburse
a portion of the Initial Fund, the Landlord Contribution, the Revolving Door Contribution (if applicable) and/or the Construction
Allowance within thirty (30) days after receipt of a complete Disbursement Request. The term “Disbursement Request”
shall mean a request for a disbursement of the Initial Fund, the Landlord Contribution, the Revolving Door Contribution (if applicable)
and/or the Construction Allowance signed by the chief financial officer or President of Tenant (or another officer of Tenant who
performs the functions ordinarily performed by a chief financial officer), together with:

 

(i)written
certification from Tenant’s construction professional requesting payment (e.g., architect, engineer, expediter, or the CMC)
detailing the work performed and which is the subject of the Disbursement Request;

 

(ii)copies
of reasonable documentation (such as bills and invoices) that indicate that the applicable work has been completed, the applicable
materials have been furnished, or the applicable services have been performed, as the case may be;

    	 

    	 

    

(iii)with
the exception of the first Disbursement Request, copies of paid invoices covering all work and/or materials which were the subject
of all previous Disbursement Requests;

 

(iv)waivers
of lien from all contractors, subcontractors, materialmen, architects, engineers and other persons who may file a lien against
the Demised Premises and/or the real property in which it is situated in connection with the performance of the Initial Work, for
which previous disbursements of the Initial Fund, the Landlord Contribution, the Revolving Door Contribution (if applicable) and/or
the Construction Allowance have been made (except to the extent Tenant gave such waivers of lien to Landlord in connection with
a prior Disbursement Request);

 

(v)a certificate
of the Tenant’s architect stating that, in his or her opinion, the portion of the Initial Work theretofore substantially
completed and for which the disbursement is requested was performed in a good and workmanlike manner and substantially in accordance
with the Final Plans, as approved by Landlord (or deemed approved by Landlord, as the case may be); and

 

(v)a revised
estimate of the total estimated cost to perform the Initial Work, prepared by the CMC.

 

Notwithstanding
anything to the contrary, the amount to be paid by Landlord on account of each Disbursement Request shall be reduced by ten (10%)
(the “Retainage”). Landlord shall disburse the Retainage upon (i) submission of a final Disbursement Request
by Tenant, accompanied by all of the foregoing documentation, (ii) completion of all punchlist items, and (iii) delivery to Landlord
of all final sign-offs on any construction permits.

 

Notwithstanding
anything to the contrary, the failure of Tenant to provide the required documentation with respect to a particular contractor or
matter shall not permit Landlord to withhold the entire amount requested under a Disbursement Request, but only that portion which
is deficient, and only until such time as the deficiency is corrected by Tenant, subject to the immediately succeeding sentence.
If any matter concerning a Disbursement Request is disputed by Landlord, the undisputed portion shall be funded by Landlord subject
to all of its rights to dispute such matter, and such dispute shall be resolved by arbitration under the AAA in accordance with
the provisions of this Lease.

 

In no
event shall Landlord be obligated to pay to Tenant more than the amount being held on account of the Initial Fund, the Landlord
Contribution, the Revolving Door Contribution (if applicable) and/or the Construction Allowance. Landlord shall incur no out-of-pocket
costs as it relates to the performance of the Initial Work, and the provisions of Sections 46.D(6)(d) and (e) shall continue to
apply from and after the Effective Date.

 

Notwithstanding
the foregoing, and in addition to any other rights or remedies of Landlord, if any mechanics lien exists as of the date on which
Tenant makes a Disbursement Request, Landlord shall not be required to make any disbursement thereof until such lien has been removed
by bond or otherwise; provided, however, that Landlord shall promptly disburse the amount withheld upon the bonding or other removal
of such lien.”

 

    	 

    	 

    

(f)Section 46.D(6)(a) of the Lease
is hereby deleted in its entirety and replaced with the following new language:

 

“In
addition to the Landlord Contribution and the Revolving Door Contribution, Landlord agrees to loan to Tenant an amount up to [*
* *] (the “Construction Allowance”) to be applied toward so-called “hard costs” to perform the Initial
Work and to pay the CM Fee, which amount shall be repaid by Tenant to Landlord pursuant to the provisions of Section 46.D(6)(c)
below.”

 

(g)Section 46.D(6)(c) of the Lease
is hereby deleted in its entirety and replaced with the following new language:

 

“The
entire Construction Allowance utilized for costs related to the preparation and/or revision of the Proposed Plans, the Final Plans,
the Construction Plan, and/or to obtain the Building Permits, the Temporary Occupancy Permits and/or the Final Occupancy Permits,
and/or to perform the Initial Work shall be reimbursed to Landlord by Tenant, together with interest thereon at the rate of twelve
percent (12%) per annum (the “Additional Amortized Rent”) as hereinafter set forth. The Additional Amortized
Rent shall be payable in [* * *] equal monthly installments, in the amount of [* * *] in accordance with the amortization schedule
annexed hereto as Exhibit C-2 (subject to acceleration if this Lease is terminated prior to the Expiration Date, but only
to the extent of the Construction Allowance actually funded). The Additional Amortized Rent shall be payable on the first (1st)
day of each calendar month, commencing on January 1, 2015 and on each consecutive month thereafter for a total of one hundred twenty
(120) months. Amortized Rent shall be payable by Tenant to Landlord without notice or demand, and without any offsets, or deductions
whatsoever. If the entire Construction Allowance is not utilized, then the Additional Amortized Rent shall be recalculated to account
for the actual amount of the Construction Allowance utilized in connection with the preparation and/or revision of the Proposed
Plans, the Final Plans, the Construction Plan, and/or to obtain the Building Permits, the Temporary Occupancy Permits and/or the
Final Occupancy Permits, and/or to perform the Initial Work and/or as otherwise utilized in accordance with the terms of this Lease.”

 

(h)Exhibit C and Exhibit C-1.
Exhibit C and Exhibit C-1 annexed to the Lease are each deleted in their entirety and replaced with Revised Exhibit C and
Revised Exhibit C-1 annexed hereto and made a part hereof. All references in the Lease to Exhibit C and Exhibit C-1 shall
be deemed to refer to Revised Exhibit C and Revised Exhibit C-1, respectively.

 

(i)Section 45.H of the Lease is
hereby deleted in its entirety and replaced with the following new language:

 

    	 

    	 

    

“(1)Upon
substantial completion by Tenant of the Initial Work (or portion thereof if Tenant performs the Initial Work in phases), and provided
Tenant delivers to Landlord all required paperwork, Landlord shall procure the necessary governmental license, approval or permit
to allow Tenant to occupy the Demised Premises and to operate for the Initial Uses, which Tenant acknowledges and agrees (i) may
be a temporary place of assembly permit, or a temporary certificate of occupancy or a similar temporary license, approval or permit
(the “Temporary Occupancy Permit”), (ii) may pertain to only a portion of the Demised Premises to the extent
Tenant performs the Initial Work (as hereinafter defined) in phases, and/or (iii) may not allow all of the uses contemplated by
the Initial Uses if Tenant performs the Initial Work in phases. Landlord, at Tenant’s sole cost and expense, shall cause
the Temporary Occupancy Permit to be renewed as necessary until the Final Occupancy Permit (as hereinafter defined) is issued.
Promptly after Tenant’s completion of the Initial Work and delivery to Landlord of all necessary paperwork, Landlord shall
use good faith and diligent efforts to obtain a final place of assembly permit, or a final partial certificate of occupancy or
equivalent license, approval or permit for the use of the entire Demised Premises for the Initial Uses (the “Final Occupancy
Permit”). Tenant shall at all times comply with the terms and conditions of the Temporary Occupancy Permit and/or the
Final Occupancy Permit.

 

(2)The
cost to obtain and renew, if applicable, the Temporary Occupancy Permit and to obtain the Final Occupancy Permit shall be at Tenant’s
sole cost and expense (however, Tenant may request any amount incurred to obtain same be paid from the Landlord Contribution and/or
the Construction Allowance), and except as set forth in Article 73 of this Lease or in any other specific provision of this Lease,
Landlord shall have no obligation to make any changes, upgrades, additions or other improvements to the Demised Premises and/or
the Building in connection with the procurement (or renewal) of the Temporary Occupancy Permit and/or the Final Occupancy Permit.

 

(3)Tenant
acknowledges that Landlord has made no representation as to the propriety of any use permitted or prohibited under existing or
future zoning or other laws and/or regulations applicable to the Demised Premises or the Building, and this Lease shall continue
in full force and effect notwithstanding Landlord’s failure or inability to obtain any required Temporary Occupancy Permit
and/or Final Occupancy Permit and/or Tenant’s failure or inability to obtain any required Temporary Occupancy Permit and/or
Final Occupancy Permit upon any change of use of the Premises to a Lawful Use provided Landlord complies with its obligations under
this Article 45.H.

 

(4)Nothing
in this Section 45.H shall be deemed to require Landlord to obtain any liquor license or other license, permit or approval permitting
Tenant to serve and/or allow the consumption of alcoholic beverages in the Demised Premises.”

 

(j)Section 45.M of the Lease is
hereby modified by changing the definition of Tenant’s “Required Opening Date” from “one hundred eighty
(180) days after Substantial Completion of the Initial Work” to “December 31, 2015, subject to delays due to Force
Majeure.”

 

7.                 
Full Force and Effect. Except as herein expressly amended, modified and supplemented, all of the terms, conditions
and provisions of the Lease remain and continue unmodified and in full force and effect and are hereby ratified and confirmed
in every respect.

    	 

    	 

    

8.                 
No Modification. This Amendment shall not be changed, modified or cancelled orally.

 

9.                 
Counterparts. This Amendment may be executed in one or more counterparts, whether delivered by facsimile, electronic
mail or Portable Document Format (PDF), and any one or all of which shall constitute but one agreement.

 

10.             
Governing Law; Successors and Assigns. This Amendment shall be governed by and construed in accordance with the laws
of the State of New York and shall be binding upon the parties hereto and their respective permitted successors in interest and
assigns.

 

11.             
Not Binding. This Amendment is being tendered to Tenant without obligation on Landlord’s part and in no event
shall it be deemed to be binding upon Landlord or give Tenant any rights unless and until Landlord shall have executed the same
and delivered a copy to Tenant.

 

12.             
Entire Agreement. This Amendment, together with the Lease, contains the entire agreement of the parties with respect
to its subject matter and all prior negotiations, discussions, representations, agreements and understandings heretofore had among
the parties with respect thereto are merged herein.

 

13.             
Conflict. To the extent of any inconsistency or conflict between the terms of this Amendment and the Lease, the terms
of this Amendment shall govern.

 

[Signature page follows.]

 

    	 

    	 

    

IN WITNESS THEREOF
Landlord and Tenant have executed this Amendment as of the day and year first written above.

 

	Landlord:	417 FIFTH AVE REAL ESTATE LLC
	 	By:  /s/ Roxana Girand

Name: Roxana Girand

Title
	Tenant:	PREMIER EXHIBITIONS, INC.  
		By:  /s/ Michael Little

Name: Michael Little

Title: Interim CEO & President

 

    	 

    	 

    

REVISED EXHIBIT C

 

Fixed Annual Rent – Use Plan
A

 

	TERM	FIXED ANNUAL RENT	
        TOTAL MONTHLY

         

        RENT

         

	Lease Year 1	$3,350,000.00	$279,166.67
	Lease Year 2	$3,350,000.00	$279,166.67
	Lease Year 3	$3,350,000.00	$279,166.67
	Lease Year 4	$3,350,000.00	$279,166.67
	Lease Year 5	$3,350,000.00	$279,166.67
	Lease Year 6	$3,750,000.00	$312,500.00
	Lease Year 7	$3,750,000.00	$312,500.00
	Lease Year 8	$3,750,000.00	$312,500.00
	Lease Year 9	$3,750,000.00	$312,500.00
	Lease Year 10	$3,750,000.00	$312,500.00
	Lease Year 11*	$3,750,000.00	$312,500.00

 

 

 

* Lease Year 11 is a partial
Lease Year consisting of 10 months.

 

    	 

    	 

    

REVISED EXHIBIT C-1

 

FIXED ANNUAL RENT – Use Plan B

 

	TERM	FIXED ANNUAL RENT	
        TOTAL MONTHLY

         

        RENT

         

	Lease Year 1	$3,217,120.00	$268,093.33
	Lease Year 2	$3,217,120.00	$268,093.33
	Lease Year 3	$3,217,120.00	$268,093.33
	Lease Year 4	$3,217,120.00	$268,093.33
	Lease Year 5	$3,217,120.00	$268,093.33
	Lease Year 6	$3,601,254.00	$300,104.50
	Lease Year 7	$3,601,254.00	$300,104.50
	Lease Year 8	$3,601,254.00	$300,104.50
	Lease Year 9	$3,601,254.00	$300,104.50
	Lease Year 10	$3,601,254.00	$300,104.50
	Lease Year 11*	$3,601,254.00	$300,104.50

 

 

 

* Lease Year 11 is a partial
Lease Year consisting of 10 months.

 

    	 

    	 

    

EXHIBIT C-2

 

AMORITIZATION SCHEDULE

 

[* * *]

 

    	 

    	 

    

Schedule 1

 

ESTIMATED PROJECT COSTS

 

[* * *]ex4-1.htm

Exhibit 4.1

FORM OF STOCKHOLDER RIGHTS AGREEMENT

 

THIS STOCKHOLDER RIGHTS AGREEMENT (this “Agreement”), is made as of the 25th day of November 2014, by and among Cocrystal Pharma, Inc., a Delaware corporation (the “Company”), Cocrystal Holdings Inc., a Delaware corporation (the “Parent”),  RFS Pharma LLC, a Georgia limited liability company (“RFSP”), the RFSP members listed on Exhibit A hereto, referred to hereinafter as the “RFSP Shareholders” and each individually as an “RFSP Shareholder” and those certain holders to the Company’s Common Stock and/or the Company’s Series B Preferred Stock listed on Exhibit B hereto (the “COCP Shareholders” and, together with the RFSP Shareholders, the “Shareholders”).

 

RECITALS

 

WHEREAS, the Company, the Parent , Cocrystal Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Parent (“COCP Merger Sub”), RFS Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Parent, and RFSP are parties to the Merger Agreement of even date herewith (the “Merger Agreement”), pursuant to which (i) RFS Merger Sub, LLC, a subsidiary of Parent will merge with and into RFSP and (ii) COCP Merger Sub will merge with and into the Company, and Parent will be issued all outstanding shares of capital stock the Company in exchange for issuance by Parent of all of its shares capital stock to holders of Company stock with the same number of shares, rights, preferences, and powers current held by such holders (collectively, the “Merger”); and

 

WHEREAS, in connection with the Merger, the Company, RFSP, the COCP Shareholders and the RFSP Shareholders wish to set forth certain understanding among such parties, including with respect to certain governance matter.

 

AGREEMENT

 

NOW, THEREFORE, the parties hereby agree as follows:

 

1.           Definitions.

 

“Affiliate” means, with respect to any specified individual, corporation, partnership, trust, limited liability company, association or other entity (collectively, a “Person”), any other Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, such specified Person.

“Agreement” means this Stockholders Rights Agreement as it may from time to time be amended and in effect.

“Certificate of Designation” means that certain Series A Certificate of Designation of the Company filed on or about the date hereof, and in the form attached as Exhibit B of the Merger Agreement.

“Closing” means the closing of the Merger and the other transactions contemplated by the Merger Agreement.

 

 

“Common Stock” means shares of the Parent common stock, par value of $0.001 per share.

“Equity Securities” shall mean (i) any Common Stock, Preferred Stock or other security of the Company, (ii) any security convertible into or exercisable or exchangeable for, with or without consideration, any Common Stock, Preferred Stock or other security (including any option to purchase such a convertible security), (iii) any security carrying any warrant or right to subscribe to or purchase any Common Stock, Preferred Stock or other security or (iv) any such warrant or right.

“Financing” means an offering of Equity Securities of the Company or Parent, in one or more closing or series of closings.

  

-1-

  

 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

“Person” means any individual, group, organization, corporation, partnership, joint venture, limited liability company, trust or entity of any kind.

“Preferred Stock” means the Series A Preferred Stock and Series B Preferred Stock and any additional series of preferred stock that may come into existence after the date hereof.

“Series A Majority” means the holders of at least a majority of the Series A Preferred Stock, including any shares of Common Stock or other capital stock issued upon the conversion or reclassification of the Series A Preferred Stock.

“Series B Majority” means the holders of at least a majority of the Series B Preferred Stock, including any shares of Common Stock or other capital stock issued upon the conversion or reclassification of the Series B Preferred Stock.

“Series A Preferred Stock” means the  Series A Convertible Preferred Stock of the Parent to be issued to members of RFSP in connection with the Merger, with such rights, preferences and powers as set forth in the Certificate of Designation.

“Series B Preferred Stock” means the Series B Convertible Preferred Stock of the Company and the Parent, with such rights, preferences and powers as set forth in the Certificate of Incporporation of each corporation.

“Subsidiary” when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the Board of Directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person (through ownership of securities, by contract or otherwise) or (B) such Person or any subsidiary of such Person is a general partner of any general partnership or a manager of any limited liability company.

 

“Transfer” means, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of (including through any hedging or other similar transaction or through providing a written order to issue Common Stock issued upon conversion of any Preferred Share to another Person) any economic, voting or other rights in or to such security.

2.           Board Designation Rights.

 

2.1           COCP Shares and RFSP Shares.

 

(a)           The COCP Shareholders each agree to hold all shares of voting capital stock of the Company and Parent (including but not limited to all shares of Common Stock issued or issuable upon conversion of the Preferred Stock) registered in their respective names or beneficially owned by them as of the date hereof and any and all other securities of the Company legally or beneficially acquired by each of the COCP Shareholders after the date hereof (hereinafter collectively referred to as the “COCP Shares”) subject to, and to vote the COCP Shares in accordance with, the provisions of this Agreement.  Notwithstanding anything herein to the contrary, except where the context otherwise provides all references in this Agreement to the “Company” shall include the “Parent” or such other entity that is publicly traded, after giving effect to the Merger and other transaction contemplated pursuant to the Merger Agreement.

 

(b)           The RFSP Shareholders each agree to hold all shares of voting capital stock of the Company (including but not limited to all shares of Common Stock issued or issuable upon conversion of the Preferred Stock) registered in their respective names or beneficially owned by them as of the date hereof and any and all other securities of the Company legally or beneficially acquired by each of the RFSP Shareholders after the date hereof (hereinafter collectively referred to as the “RFSP Shares”) subject to, and to vote the RFSP Shares in accordance with, the provisions of this Agreement.

  

-2-

  

 

2.2           Composition of the Board of Directors at the Closing. On or prior to the date of the Closing, the board of directors of the Parent (collectively, the “Board”) shall take all action necessary and appropriate (whether by amendment of the Parent’s governing documents or otherwise) to ensure that (i) the number of directors constituting the Board shall be seven (7), (ii) the Board shall be composed of the directors as set forth below in Section 2.3, (iii) the presence of four (4) directors is required to constitute a quorum of the Board and (iv) the Parent’s Certificate of Incorporation shall be amended in order to give effect to the size and composition of the Board as provided in this Section 2.2 and Section 2.3 and in the form attached hereto as Exhibit B.

 

2.3           Election of Directors.  On all matters relating to the election and removal of directors of the Company, the COCP Shareholders and the RFSP Shareholders agree to vote all COCP Shares and RFSP Shares held by them (or the holders thereof shall consent pursuant to an action by written consent of the holders of capital stock of the Company) so as to elect members of the Board as follows:

 

(a)           At each election of or action by written consent to elect directors in which the holders of Preferred Stock and Common Stock, voting together as a single class, are entitled to elect directors of the Company, the COCP Shareholders and RFSP Shareholders shall vote all of their respective COCP Shares and RFSP Shares so as to elect three (3) individuals designated by the holders of a majority of the RFSP Shares, who shall initially be Dr. Raymond Schinazi (who shall be appointed co-Chairman of the Board), David Block and Jeffrey Meckler.   Any vote taken to remove any director elected pursuant to this Section 2.3(a), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this Section 2.3(a), shall also be subject to the provisions of this Section 2.3(a).  Upon the request of any party entitled to designate a director as provided in this Section 2.3(a), each COCP Shareholder and RFSP Shareholder agrees to vote its COCP Shares and RFSP Shares for the removal of such director.

 

(b)           At each election of or action by written consent to elect directors in which the holders of Preferred and Common Stock, voting together as a single class, are entitled to elect directors of the Company, the COCP Shareholders and RFSP Shareholders shall vote all of their respective COCP Shares and RFSP Shares so as to elect three (3) individuals designated by the holders of a majority of the COCP Shares.  Any vote taken to remove any director elected pursuant to this Section 2.3(b), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this Section 2.3(b), shall also be subject to the provisions of this Section 2.3(b).  Upon the request of any party entitled to designate a director as provided in this Section 2.3(b), each COCP Shareholder and RSFP Shareholder agrees to vote its COCP Shares and RSFP Shares for the removal of such director.

 

(c)           At each election of or action by written consent to elect directors in which the holders of Preferred and Common Stock, voting together as a single class, are entitled to elect directors of the Company, the COCP Shareholders and RFSP Shareholders shall vote all of their respective COCP Shares and RFSP Shares so as to elect one (1) individual designated by the holders of a majority of the COCP Shares and the holders of a majority of the RFSP Shares, voting together as a single class, who shall not be affiliated with the Company or any Shareholder.  Any vote taken to remove any director elected pursuant to this Section 2.3(c), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this Section 2.3(c), shall also be subject to the provisions of this Section 2.3(c).  Upon the request of either the Series A Majority or the Series B Majority, the COCP Shareholders and RSFP Shareholders agree to vote their COCP Shares and RSFP Shares for the removal of such director.

 

2.4           Legend.

 

     (a)           Concurrently with the execution of this Agreement, there shall be imprinted or otherwise placed, on certificates representing the COCP Shares and the RFSP Shares the following restrictive legend (the “Legend”):

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A STOCKHOLDER RIGHTS AGREEMENT WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING AND OTHER MATTERS WITH RESPECT TO THE SHARES REPRESENTED HEREBY.  ANY PERSON ACCEPTING ANY INTEREST IN SUCH SHARES, WHETHER BY A TRANSFER OR BY OPERATION OF LAW, SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SUCH AGREEMENT.  A COPY OF SUCH STOCKHOLDER AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.”

  

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    (b)           The Company agrees that, during the term of this Agreement, it will not remove, and will not permit to be removed (upon registration of transfer, reissuance of otherwise), the Legend from any such certificate and will place or cause to be placed the Legend on any new certificate issued to represent COCP Shares or RFSP Shares theretofore represented by a certificate carrying the Legend.  If at any time or from time to time any COCP Shareholder or RFSP Shareholder holds any certificate representing shares of the Company’s capital stock not bearing the aforementioned legend, such COCP Shareholder or RFSP Shareholder agrees to deliver such certificate to the Company promptly to have such legend placed on such certificate.

 

2.5           Irrevocable Proxy.  To secure the COCP Shareholders and RFSP Shareholders obligations to vote their respective COCP Shares and RFSP Shares in accordance with this Agreement, each COCP Shareholder and RFSP Shareholder hereby appoints the Chairman of the Board of Directors, or either of them from time to time, or their designees, as such COCP Shareholder’s or RFSP Shareholder’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to vote all of such COCP Shareholder’s COCP Shares or such RFSP Shareholder’s RFSP Shares as set forth in this Agreement and to execute all appropriate instruments consistent with this Agreement on behalf of such COCP Shareholder or RFSP Shareholder if, and only if, such COCP Shareholder or RFSP Shareholder fails to vote all of such COCP Shareholder’s COCP Shares or such RFSP Shareholder’s RFSP Shares or execute such other instruments in accordance with the provisions of this Agreement.  The proxy and power granted by each COCP Shareholder and RFSP Shareholder pursuant to this Section 2.6 are coupled with an interest and are given to secure the performance of such party’s duties under this Agreement.  Each such proxy and power will be irrevocable for the term hereof.  The proxy and power, so long as any party hereto is an individual, will survive the death, incompetency and disability of such party or any other individual holder of the COCP Shares or the RFSP Shares, as the case may be, and, so long as any party hereto is an entity, will survive the merger or reorganization of such party or any other entity holding any COCP Shares or RFSP Shares.

 

3.           Transfer Restrictions.

 

3.1           Other than solely in the case of a Permitted Transfer, no Shareholder shall Transfer any Equity Securities during the period beginning on the Closing Date and ending 12 months after the Closing Date (such period, the “Restricted Period”).

 

3.2           “Permitted Transfers” means: (i) in the case of a Shareholder who is an individual, such Shareholder’s ancestors, descendants (including adopted children or grandchildren) or spouse or to trusts for the benefit of such persons or the Shareholder, (ii) in the case of a Shareholder that is an entity, such Shareholder’s shareholders, members, partners or other equity holders in accordance with their respective equity interests, or any other entity that is an Affiliate of such Shareholder, provided that, in any case of the foregoing clauses (i)-(ii), (a) such Shareholder shall inform the Company of such transfer prior to effecting it and (b) the transferee shall enter into a written agreement in form satisfactory to the Board to be bound by the provisions contained in this Agreement (including, without limitation, appropriate restrictions on the transfer of any interest in such transferee other than in accordance with this Agreement).  Any sale, assignment, pledge or any other transfer of Shares not made in compliance with the requirements of this Agreement shall be null and void ab initio, shall not be recorded on the books of the Company or its transfer agent and shall not be recognized by the Company.

 

4.           Covenants of the Company and Shareholders.

 

4.1           Series A Majority Approval Rights.  From and after the date hereof, the Company hereby covenants and agrees that it shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, do any of the following without (in addition to any other vote required by law or the Company’s Certificate of Incorporation, as amended by certificates of designation or otherwise) the written consent or affirmative vote of the Series A Majority, given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class, and any such act or transaction entered into without such consent or vote shall be null and void ab initio, and of no force or effect:

  

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(a)           any action which would adversely affect any of the rights, preferences, privileges or limitations of the Series A Preferred Stock;

 

(b)           amend, alter or repeal any provision of the Certificate of Incorporation (including whether by certificate of designation or otherwise) or Bylaws of the Company in a manner that adversely affects the powers, preferences or rights of the Series A Preferred Stock;

 

(c)            any change to either of the Conversion Amount or Conversion Price (each as defined in the Certificate of Designation) with respect to the Series A Preferred Stock, unless such change is a result of a stock split, stock dividend or combination in which all classes and series of capital stock are treated identically, or if such change is in accordance with Section 2(b)(iii) of the Series A Preferred Stock Certificate of Designation;

 

(d)            create, or authorize the creation of, or issue, or authorize the issuance of, or sell, or authorize the sale of any (a) capital stock (including but not limited to, the Company’s preferred stock or common stock, or any securities conferring the right to purchase the Company’s preferred stock or common stock or securities convertible into, or exchangeable for (with or without additional consideration), the Company’s preferred stock or common stock), (b) a royalty financing or royalty buyout arrangement or (c) other form of funding principally for financing purposes, excluding shares of common stock or options issued to employees or directors of, or consultants or advisors to, the Company or any of its subsidiaries pursuant to a plan, agreement or arrangement approved by the Board of Directors of the Company (each such event, a “Financing Event”); provided, however, that such approval of the Series A Preferred Stock pursuant to this Section 4.1(d) shall not be required following the date when the Company has raised cumulatively at least $70,000,000 in aggregate cash proceeds from any one or more Financing Events which were previously approved by the Series A Preferred Stock pursuant to this subsection (d); or

 

(e)           amend, alter or repeal any provision of the Certificate of Incorporation (including whether by certificate of designation or otherwise) or Bylaws of the Company or take any other action that affects the powers, preferences or rights (including any adjustments to the conversion amount, conversion price or conversion ratio) of any of the Company’s capital stock (including but not limited to, the Company’s preferred stock or common stock, or any securities conferring the right to purchase the Company’s preferred stock or common stock or securities convertible into, or exchangeable for (with or without additional consideration), the Company’s preferred stock or common stock).

 

4.2           Series B Majority Approval Rights.  From and after the date hereof, the Company hereby covenants and agrees that it shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, do any of the following without (in addition to any other vote required by law or the Company’s Certificate of Incorporation, as amended by certificates of designation or otherwise) the written consent or affirmative vote of the Series B Majority, given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class, and any such act or transaction entered into without such consent or vote shall be null and void ab initio, and of no force or effect:

 

(a)           any action which would adversely affect any of the rights, preferences, privileges or limitations of the Series B Preferred Stock;

 

(b)           amend, alter or repeal any provision of the Certificate of Incorporation (including whether by certificate of designation or otherwise) or Bylaws of the Company in a manner that adversely affects the powers, preferences or rights of the Series B Preferred Stock;

 

(c)            any change to  the amount of Common Stock into which the Series B Preferred Stock is convertible, unless such change is a result of a stock split, stock dividend or combination in which all classes and series of capital stock are treated identically;

 

  

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(d)           create, or authorize the creation of, or issue, or authorize the issuance of, or sell, or authorize the sale of any (a) capital stock (including but not limited to, the Company’s preferred stock or common stock, or any securities conferring the right to purchase the Company’s preferred stock or common stock or securities convertible into, or exchangeable for (with or without additional consideration), the Company’s preferred stock or common stock), (b) a royalty financing or royalty buyout arrangement or (c) other form of funding principally for financing purposes, excluding shares of common stock or options issued to employees or directors of, or consultants or advisors to, the Company or any of its subsidiaries pursuant to a plan, agreement or arrangement approved by the Board of Directors of the Company (each such event, a “Financing Event”); provided, however, that such approval of the Series B Preferred Stock pursuant to this Section 4.2(a) shall not be required following the date when the Company has raised cumulatively at least $70,000,000 in aggregate cash proceeds from any one or more Financing Events which were previously approved by the Series B Preferred Stock pursuant to this subsection (a).

 

4.3           Right of First Refusal.  Subject to applicable securities laws and to the terms and conditions specified in this Section 4.3, the Company hereby grants to the RFSP Shareholders and the COCP Shareholders a right of first refusal to purchase Equity Securities of the Company in connection with any Financing.  If the Company, from time to time, proposes to offer any Equity Securities in a Financing, the Company shall first make an offering of such Equity Securities to each RFSP Shareholder and each COCP Shareholder in accordance with the following provisions:

 

    (a)           The Company shall deliver a written notice (the “Issuance Notice”) to the RFSP Shareholders and each COCP Shareholders stating (i) its bona fide intention to offer such Equity Securities pursuant to the Financing, (ii) the number and type of such Equity Securities to be offered, and (iii) the price and the terms and conditions upon which it proposes to offer such Equity Securities.

 

    (b)           Within 20 business days after receipt of the Issuance Notice, the RFSP Shareholders and the COCP Shareholders, each as a separate group, may each elect to purchase up to $10.0 million of such Equity Securities offered in such Financing (up to $20 million in the aggregate as between both groups, and such total amount defined as the “ROFR Amount”), at the price and on the terms and conditions specified in the Issuance Notice; provided, that, for the two-year period following the Closing, the aggregate amount of Equity Securities purchased in any Financings by the COCP Shareholders may not, without the prior written consent of the Series A Majority, exceed the aggregate amount of Equity Securities purchased in all such Financings by the RFSP Shareholders.  Such purchase shall be completed at the same closing as that of any third party purchasers.  In the event that the RFSP Shareholders and the COCP Shareholders do not elect to purchase the entire ROFR Amount within 20 business days after the receipt of the Issuance Notice, the Company shall have 45 business days thereafter to sell the remaining amount of the Equity Securities in respect of which the RFSP Shareholders and the COCP Shareholders rights were not exercised pursuant to this Section 4.3, at a price not lower and upon general terms and conditions not materially favorable to the purchasers thereof than specified in the Issuance Notice or otherwise communicated to the RFSP Shareholders and the COCP Shareholders.  If the Company has not sold such Equity Securities within 45 business days of the Issuance Notice, the Company shall not thereafter issue or sell any Equity Securities, without first offering such securities to the RFSP Shareholders and the COCP Shareholders in the manner provided in this Section 4.3. In connection with this Section 4.3, the parties agree that (i) any broker-dealer registered with the Securities and Exchange Commission (the “SEC”) shall not be deemed to be affiliated with any Shareholders if it limits its activities to selling any Equity Securities to parties which are not affiliated with any Shareholders, and (ii) this Section 4.3 shall not apply to an underwritten firm commitment public offering of the Parent’s common stock under the United States Securities Act of 1933, as amended.

 

    (c)           The Company further acknowledges, covenants and agrees that the Company shall not (i) grant to any other investor, individual or entity any rights of first refusal on Equity Securities that in any way contradicts, restricts or impedes the parties from exercising their right of first refusal in full as provided in this Section 4.3, or (ii) amend any existing agreement that contains rights of first refusal on Equity Securities that in any way contradicts, restricts or impedes the parties from exercising their right of first refusal in full as provided in this Section 4.3.

 

    (d)           The rights set forth in Section 4.3 shall expire once the Company has raised cumulatively at least $70,000,000 in aggregate cash proceeds from any one or more Financing Events.

 

  

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4.4           Financings.   The parties further agree that if the Company has not consummated a Financing within five months after the Closing Date, the RFSP Shareholders and the COCP Shareholders, each as a group, shall provide $10 million of financing to the Company ($20 million collectively between the two groups), by way of debt financing or the purchase of Equity Securities, in each case, on terms mutually agreed upon by the Board, the Series A Majority and the Series B Majority.

 

4.5           Capital Increase.  The Shareholders agree to vote their shares of Series A Preferred or Series B Preferred, as applicable, in favor of an amendment to the Company’s Certificate of Incorporation to increase the authorized number of shares of Common Stock in order to permit the conversion of the Series A Preferred Stock and the Series B Preferred Stock as contemplated by this Agreement.

 

4.6           Additional Issuance.  In the event that prior to the Capital Increase (as defined in the Merger Agreement) (A) the Company grants or awards any stock options, stock bonuses, stock purchase rights or any other form of stock or equity based compensation (“Stock Awards”) to any of the executive officers, as detailed in Schedule 2(b)(iii) of the Certificate of Designation, and/or (B) the actual fully diluted capitalization of the Company (taking into account all shares, convertible securities, and all other commitments, actual, contingent  or otherwise, on an as-if converted to Common Stock basis) (“Fully Diluted Shares”) as of the Closing is greater than the capitalization as set forth in Schedule 4.3 of the Merger Agreement, then each original holder of Options as set forth in Schedule 2.7(c) of the Merger Agreement, shall be automatically granted such additional amount of Stock Awards (“Additional Issuance”), for no additional consideration, as such be equal to X, subject to the following formula:

 

X = ((C/A) x (A+B)) - C;

 

A = the Fully Diluted Shares set forth in Schedule 4.3 of the Merger Agreement, prior to any adjustment as a result of the issuance of any Stock Awards or adjustment to the Fully Diluted Shares pursuant to clauses (A) and (B) of this Section 4.6;

 

B = the number of Stock Awards issued or granted to the persons set forth on Schedule 2(b)(iii) to the Certificate of Designation + the difference between the Fully Diluted Shares pursuant to clause (B) of this Section 4.6 and the Fully Diluted Shares set forth in Schedule 4.3 of the Merger Agreement; and

 

C = the total number of shares underlying the Option as set forth in Schedule 2.7(c) of the Merger Agreement, prior to any adjustment provided in this Section 4.6.

 

For the avoidance of doubt, Additional Issuances shall occur pursuant to this Section 4.6 each time the Company grants Stock Awards to the persons set forth in Schedule 2(b)(iii) of the Certificate of Designation or the Fully Diluted Shares is determined to be greater than what is set forth in Schedule 4.3 of the Merger Agreement. The Additional Issuances shall be subject to the same vesting terms as the original Option including, for avoidance of doubt, the same vesting commencement date and any acceleration terms.  If an Option holder is no longer eligible to receive a Stock Award as a result of termination of services, he or she shall, in lieu thereof receive the Additional Issuance(s) in the form of a fully vested stock grant which shall be as closely proportional and economically commensurate as possible, as determined by the Board in good faith, to what he or she would have received had the person continued to provide services.

 

    4.7           Best Efforts Covenant.The Parent shall use its best efforts to obtain the signatures to this Agreement of all holders of  Sreies B Preferred Stock within 15 days form the date hereof.

 

5.           Miscellaneous.

 

5.1           Entire Agreement.  This Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof, and supersedes any and all other written or oral agreements relating to the subject matter hereof existing between the parties hereto. The provisions of this Agreement are subject to the closing of the Merger.

 

  

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5.2           Successors and Assigns; Third Party Beneficiaries.  Except as otherwise provided in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors, assigns and legal representatives of the parties.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors, assigns and legal representatives any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

5.3           Amendments and Waivers.  Any term of this Agreement may be amended or waived only with the written consent of (a) the Company, (b) the Series A Majority, (c) the Series B Majority, (d) the holders of a majority of the RFSP Shares and (e) the holders of a majority of the COCP Shares; Any amendment or waiver effected in accordance with this Section 5.3 shall be binding upon the Company, the Shareholders and each of their respective successors and assigns.

 

5.4           Notices.  Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by email or fax (upon customary confirmation of receipt), or forty-eight (48) hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s address or fax number as set forth on the signature pages hereto, or as subsequently modified by written notice.

 

5.5           Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.  In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded from this Agreement, (b) the balance of this Agreement shall be interpreted as if such provision were so excluded and (c) the balance of this Agreement shall be enforceable in accordance with its terms.

 

5.6           Governing Law.  This Agreement shall be governed in accordance with the laws of the internal laws of the State of Delaware.

 

5.7           Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

 

5.8           No Liability for Election of Recommended Directors.  Neither the Company, any Shareholder, nor any officer, director, holder of capital stock, partner, employee or agent of any such party, makes any representation or warranty as to the fitness or competence of the nominee of any party hereunder to serve on the Board by virtue of such party’s execution of this Agreement or by the act of such party in voting for such nominee pursuant to this Agreement.  Furthermore no fiduciary duty, duty of care, duty of loyalty or other heightened duty shall be created or imposed upon any party to any other party, the Company or any other Shareholder of the Company, by reason of this Agreement or any right or obligation hereunder.

 

5.9           Specific Enforcement.  It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of Sections 2, 3 or 4 by any other party, that the obligations of the Shareholders pursuant to Sections 2, 3 and 4 shall be specifically enforceable and that any breach or threatened breach thereof shall be the proper subject of a temporary or permanent injunction or restraining order.  Further, each party hereto waives any claim or defense that there is an adequate remedy at law for such breach or threatened breach.  The Company shall have no obligation to enforce any right among the Shareholders pursuant to Section 2, 3 or 4, to arbitrate any dispute related thereto or to reject any vote of any party otherwise in accordance with applicable corporate law, absent a court order to do so.

 

5.10           Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

 

 [Remainder of Page Intentionally Left Blank]

  

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

 

Cocrystal Pharma, Inc.

 

By:                                                                   

Name: Gary Wilcox

Title:   CEO

 

Cocrystal Holdings, Inc.

 

By:                                                                   

Name: Gary Wilcox

Title:   CEO

 

 

RFS Pharma LLC

 

By:                                                                   

Name:

Title:

 

 

Shareholders

 

By:  ___________________________

 

 

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