Document:

abmd-ex1040_655.htm

 

 

Exhibit 10.40

 

 

SECOND AMENDMENT TO LEASE

THIS SECOND AMENDMENT TO LEASE (this "Amendment'') is dated as of March 23, 2016, but shall be effective for all purposes as of January 1st, 2016, and is made by and between Leo C. Thibeault, Jr., Trustee of The Thibeault Nominee Trust u/d/t dated November 20, 1996, recorded with the Essex South Registry of Deeds, Book 13856, Page 290 ("Lessor"), having a usual place of business at 513 Turtle Hatch Lane, Naples, FL 34103, and ABIOMED, Inc., a Delaware corporation ("Lessee"), having a usual place of business at 22 Cherry Hill Drive, Danvers, MA 01923, in connection with that certain lease between the Lessor and Lessee dated February 24, 2014 and relating to the premises located at 18-22 Cherry Hill Drive, Danvers, MA 01923, as amended by that certain First Amendment to Lease, dated as of April 30, 2015, by and between Lessor and Lessee (collectively, the "Lease").

 

Whereas, the parties wish to amend the Lease to expand the Premises (as defined in the Lease) leased by Lessee under the Lease from 120,560 square feet to 125,560 square feet, thereby adding 5,000 square feet (the "Added Space") to the Premises, and

 

Whereas, the parties wish to make other amendments to the Lease related to the expansion of the Premises,

 

Now, therefore, it is hereby agreed as follows:

 

1.Attached hereto as Exhibit A is a diagram of the Added Space which is hereby added to the Premises for all purposes of the Lease. The Lessee shall have immediate access to the Added Space for permitting and fit-out purposes. The Lessee shall be solely responsible for obtaining all necessary building and other pennits relating to Lessee's fit-out work. All work performed by the Lessee shall be made inconformity with Section 12 of the Lease.

 

2.The Lessee shall pay Base Rent for the Added Space at the rate of $5.75 per square foot from January 1st, 2016 (such date, the "Added   Space  Rent  Commencement  Date") through February 2018, and $6.00 per square foot from March 2018 through  February 2021. The monthly Base Rent for the Added Space shall therefore be $2,395.83 through February 2018 and $2,500.00 from March 2018 through February 2021. The total monthly Base Rent for the Premises until the Added Space Rent Commencement Date shall therefore be $85,818.33. The total monthly Base Rent for the Premises for the period from the Added Space Rent Commencement Date through February 2016 shall therefore be $88,214.16. The total monthly Base Rent for the Premises for the period from March 2016 through February 2018 shall therefore be $84,914.16. The total monthly Base Rent for the Premises for the period from March 2018 through February 2021 shall therefore be $87,530.00.

 

3.Beginning upon the Added Space Rent Commencement Date, the Lessee's "Proportionate Share" (as defined in Section 2 of the Lease) of the Building is hereby  amended to be 76.33%, which percentage shall thereafter be used for calculating the Additional Rent owed by Lessee and for all other purposes under the Lease.

 

4.As part of its fit-out work, the Lessee shall perform all electrical and other utility work 

 

 

necessary to separate and separately meter (whether by means of new meters or the connecting of the Added Space to the meters serving the existing Premises) all utilities serving the Added Space from the utilities serving the space inthe Building retained by the Lessor. The Lessee shall be responsible for all utility charges relating to the Added Space in relation to each type of utility charge, upon the earlier of (i) the connecting of the applicable utility to any new or existing meter, and (ii) the Added Space Rent Commencement Date. 

 

5.All capitalized terms contained inthis Amendment that are used without definition shall have the definition set forth in the Lease.

 

6.Each of the parties hereto represents to the other that it has the legal power, right and authority to enter into this Amendment and that the individuals executing this Amendment on behalf of each of Lessor and Lessee have the legal power, right and actual authority to bind Lessor and Less respectively, to the terms and conditions hereof.

 

7.This Amendment may be executed in one or more counterparts, each of which shall be deemed an original.

 

8.Except as otherwise expressly modified or amended by this Amendment,  the  Lease remains unchanged and in full force and effect in accordance with its terms. In the event of a conflict between the Lease and this Amendment, this Amendment shall control. This Amendment shall be binding upon and inure to the benefit of the Lessor and the Lessee and their respective successors and assigns. The parties hereby reaffirm the terms and provisions of the Lease, as amended by this Amendment.

 

[Signatures  on Following Page]

 

 

 

Signed as a sealed instrument as of the date or dates indicated below.

 

 

 

LESSEE: 

 

ABIOMED, INC.,

a Delaware corporation 

By:/s/ Stephen C. McEvoy

Name: Stephen C. McEvoy

Its:Vice President, General Counsel and Secretary

LESSOR:

Thibeault Nominee Trust

By:/s/ Leo C. Thibeault, Jr.

Name:  Leo C. Thibeault, Jr.

Its:Trustee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXHIBIT A

 

Added Space

 

 

 

 

 

 

 

 

.------

 

St.inleC

 

ABIOMED2184:!0707abmd-ex1041_656.htm

 

Exhibit 10.41

 

 

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT

 

THISSECOND AMENDMENT TO   PURCHASE AND SALE AGREEMENT (this "Amendment") is effective as of April   19. 2016 and amends that certain Purchase and Sale Agreement dated as of December 9, 2015, by and between Abiomed, Inc., a Delaware corporation, as purchaser ("Purchaser") and Thibeault Nominee Trust, a Massachusetts nominee trust, as seller ("Seller''), as amended by the First Amendment to Purchase and Sale Agreement, dated January 19, 2016, by and between Seller and Purchaser (collectively, as so amended, the ''Existing Agreement").  All defined terms used herein and not otherwise defined herein shall have the meanings set forth in the Existing Agreement.

 

WHEREAS, Purchaser and Seller desire to amend the Existing Agreement; and

 

NOW, THEREFORE, in consideration of the mutual covenants and consideration set  forth herein, all of which is duly acknowledged, Seller and Purchaser hereby agree as follows:

 

	
 
	
1.
	
Inspection Period. Each of the following definitions in Section 1.1 of the Existing Agreement is deleted in its entirety and respectively replaced by the following:
	
 

 

"Inspection Period” shall mean the period commencing on the first Business Day after the Effective Date and expiring at 6:00PM, local time at the Property, on Tuesday, July 19, 2016, or such earlier date as designated by Purchaser at any time upon not less than five (5) Business Days' prior written notice to Seller.

 

"Closing Date" shall mean the date that is five (5) Business Days after the expiration of the Inspection Period.

 

	
 
	
2.
	
Miscellaneous.

 

	
 
	
a.
	
This Amendment is an amendment and supplement to the Existing Agreement. Except as specifically amended by this Amendment, the Existing Agreement is, and continues to be, in full force and effect as in effect prior to the date hereof.
	
 

 

	
 
	
b.
	
In the event of any inconsistency between this Amendment and the terms and provisions contained in the Existing Agreement, the terms and provisions of this Amendment shall control.
	
 

 

	
 
	
c.
	
The Existing Agreement (as amended hereby) may not be further modified, amended or supplemented except in a writing signed by Purchaser and Seller.
	
 

 

	
 
	
d.
	
The headings and captions of the various subdivisions of this Amendment are for convenience of reference only and shall in no way modify, or affect, or be considered in construing or interpreting the meaning or construction of any of the terms or provisions hereof.
	
 

 

	
 
	
e.
	
This Amendment may be executed by different parties hereto on separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts executed and exchanged by electronic mail transmission shall be fully enforceable.
	
 

 

 

 

 

IN WITNESS WHEREOF, Seller and Purchaser have caused this Amendment to be executed as

of the date first written above.

 

PURCHASER: 

 

ABIOMED, INC.,

a Delaware corporation 

By:/s/ Michael J. Tomsicek

Name: Michael J. Tomsicek

Its:Vice President, Chief Financial Officer

SELLER

Thibeault Nominee Trust

By:/s/ Leo C. Thibeault, Jr.

Name:  Leo C. Thibeault, Jr.

Its:Trusteeburl-ex101_93.htm

Exhibit 10.1 

 

 

RESTRICTED STOCK GRANT AGREEMENT PURSUANT TO BURLINGTON STORES, INC.

2013 OMNIBUS INCENTIVE PLAN

 

THIS  AWARD  AGREEMENT  (the  “Award  Agreement”)  is  entered  into  as  of between Burlington Stores, Inc. (formerly Burlington Holdings, Inc.), a

 

Delaware corporation (the “Company”), and

(the “Participant”). Capitalized

 

terms not otherwise defined herein shall have the meaning set forth in the Burlington Stores, Inc.

2013 Omnibus Incentive Plan (the “Plan”).

 

Recitals

 

WHEREAS, the Participant is a director of Burlington Stores, Inc.;

 

WHEREAS, the Company has adopted the Plan providing for the grant under certain circumstances of certain equity incentive awards, including shares of Restricted Stock;

 

WHEREAS, the Company, under the terms and conditions set forth below, desires to grant Participant an Award of Restricted Stock (the “Award”) pursuant to the terms set forth in the Plan; and

 

WHEREAS, in consideration of the grant of the Award and other benefits, the Participant is willing to accept the Award provided for in this Award Agreement and is willing to abide by the obligations imposed on him under this Award Agreement and the Plan.

 

Provisions

 

NOW, THEREFORE, in consideration of the mutual benefits hereinafter provided, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the Company and the Participant, intending to be legally bound, hereby agree as follows:

 

1.Restricted Stock Award.  The Company hereby grants to the Participant, subject to the terms and conditions set forth or incorporated herein, an Award consisting of a total of shares of Common Stock, subject to adjustment under the Plan (the “Shares”). Upon

the execution and delivery of this Award Agreement, the Company will, subject to Section 5 below, issue to the Participant the Shares granted hereunder, and such Shares shall constitute Restricted Stock pursuant to the Plan.

 

2.         Effect of the Plan.  The Award granted under this Award Agreement is subject to all of the terms and conditions of the Plan, which are incorporated by reference and made a part of  this  Award  Agreement.  The  Participant  will  abide  by,  and  the  Award  granted  to  the Participant will be subject to, all of the provisions of the Plan and of this Award Agreement, together with all rules and determinations from time to time issued by the Committee established to administer the Plan.

 

3.         Restriction  Period.    The  Restriction  Period  applicable  to  the  Award  granted hereunder is as follows:

 

(a)All  Shares  shall  be  unvested  at  issuance.  Subject  to  Section 3(b)  below,

 

(i)

of the Shares shall vest on the first anniversary date of this Award

 

Agreement (or the following business day if such date is not a business day) if the

 

Participant remains on the Board on such date; (ii)

of the Shares shall

 

vest on the second anniversary date of this Award Agreement (or the following business day if such date is not a business day) if the Participant remains on the

 

Board on such date; and (iii)

of the Shares shall vest on the third

 

anniversary date of this Award Agreement (or the following business day if such date is not a business day) if the Participant remains on the Board on such date.

 

(b)       Following a Change in Control, vesting of unvested Shares shall not accelerate by reason of such Change in Control; provided, however, that 100% of the Shares shall vest if, within the two year period immediately following a Change in Control, the Participant loses his directorship.

 

(c)      All unvested Shares shall automatically be forfeited (and shall not vest) if the Participant ceases to be a member of the Board for any reason (other than as provided in Section 3(b) above in the case Participant loses his directorship within the two year period immediately following a Change in Control) prior to the date on which they otherwise would have vested pursuant to Section 3(a) above.

 

(d)       Participant shall be entitled to receipt of all dividends paid by the Company on its Shares, as and when such dividends are declared and paid to holders of Shares; provided, any dividends on unvested Shares shall be held and paid to Participant within 10 days after the date such Shares become vested.

 

4.         Withholding Taxes.  The Committee may make such provision for any applicable federal, state, or local withholding obligations of the Company required by law pursuant to Section 14.4 of the Plan.  Participant shall remain responsible for the payment of any remaining taxes payable on account of the vesting of Shares.

 

5.         Delivery of Stock.  Shares granted pursuant to this Award Agreement will be held in escrow by the Company on the Participant’s behalf during any period of restriction thereon and will bear an appropriate legend specifying the applicable restrictions thereon.  Whenever Shares subject to the Award are released from restriction, the Company shall issue such unrestricted Shares.  The Company shall follow all requisite procedures to deliver such Shares to Participant; provided, however, that such delivery may be postponed to enable the Company to comply with applicable procedures, regulations or listing requirements of any governmental agency, stock exchange or regulatory agency.  Alternatively, at the Company’s discretion, shares may be held by the Company or its transfer agent on the Participant’s behalf in book entry form.

 

6.         Transferability of Award.  This Award may only be transferred by will, and by the laws of descent and distribution. The terms of this Award, including the restriction and vesting provisions set forth in Section 3, shall be binding upon the executors, administrators, successors and assigns of the Participant.

 

7.        Adjustment Upon Changes in Shares.  In the event of a Section 4.2 Event, the adjustments provided for in Section 4.2(b) of the Plan shall be made to the number of Shares subject to the Award hereunder.

 

8.         Section 83(b) Election.  Participant agrees to inform the Company promptly, and provide a copy of the election filed by the Participant with the Internal Revenue Service, if the Participant makes an election under Section 83(b) of the Code to treat any portion of this Award as taxable compensation prior to the time the restrictions are removed from the Shares subject to this Award.

 

9.         Amendments;  Termination  of  Plan.    The  Board  may  amend  this  Award  or terminate the Plan in accordance with Section 12.1 of the Plan.

 

10.      Interpretation.  Any dispute regarding the interpretation of this Award shall be submitted by Participant or the Company to the Committee, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Committee shall be final and binding on the Company and on the Participant.

 

11.       Notices.  All notices to the Company must be in writing, addressed and delivered or mailed to 2006 Route 130 North, Burlington, NJ 08016, Attention: General Counsel. All notices to the Participant must be in writing addressed and delivered or mailed to Participant at the address shown on the records of the Company.

 

12.       Governing Law; Severability.   This Award Agreement, and all determinations made and actions taken pursuant thereto, shall be governed under the laws of the State of Delaware. If any part of this Award Agreement shall be determined to be invalid or unenforceable, such part shall be ineffective only to the extent of such invalidity or unenforceability, without affecting the remaining portions hereof.

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Award Agreement to be duly executed as of the date first above written.

 

 

 

 

BURLINGTON STORES, INC.

 

By: Name: Title:

 

ACCEPTANCE

 

Participant hereby acknowledges receipt of a copy of the Plan, represents that Participant has read and understands the terms and provisions thereof, and accepts this Award subject to all the terms and conditions of the Plan and this Award Agreement.  Participant acknowledges that there may be adverse tax consequences associated with this Award or disposition of the Shares associated with this Award and that Participant should consult a tax adviser.

 

 

 

 

 

 

 

 

Participant

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}]]