Document:

EX-10.6

 Exhibit 10.6 

RESTRICTED STOCK UNIT AGREEMENT 

PURSUANT TO THE 

INTERNATIONAL MARKET CENTERS, INC. 2015 OMNIBUS INCENTIVE PLAN 

* * * * * 
  

							
	Participant:		  
				
				
	Grant Date:		  
				

					
			
	Number of Restricted Stock Units Granted:		  
		

 * * * * * 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by
and between International Market Centers, Inc., a corporation organized in the State of Maryland (the “Company”), and the Participant specified above, pursuant to the International Market Centers, Inc. 2015 Omnibus Incentive Plan,
as in effect and as amended from time to time (the “Plan”), which is administered by the Committee; and 
 WHEREAS, it has
been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units (“RSUs”) provided herein to the Participant. 

NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the
parties hereto hereby mutually covenant and agree as follows: 
 1. Incorporation By Reference; Plan Document Receipt. This
Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award
provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is
ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this
Agreement and the terms of the Plan, the terms of the Plan shall control. 
 2. Grant of Restricted Stock Unit Award. The
Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides,
or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property,
distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement. 

 3. Vesting. 

(a) Subject to the provisions of Sections 3(b) and 3(c) hereof, the RSUs subject to this Award shall become vested on the first anniversary of
the Grant Date, provided that the Participant has not incurred a Termination prior to such vesting date. There shall be no proportionate or partial vesting in the periods prior to any vesting date and all vesting shall occur only on the appropriate
vesting date, subject to the Participant’s continued service with the Company or any of its Subsidiaries on such applicable vesting date. 

(b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for
accelerated vesting of the RSUs at any time and for any reason. 
 (c) Change in Control. All unvested RSUs shall become fully vested
upon the occurrence of a Change in Control so long as the Participant has not incurred a Termination prior to such Change in Control. 
 (d)
Forfeiture. Subject to the Committee’s discretion to accelerate vesting hereunder, all unvested RSUs shall be immediately forfeited upon the Participant’s Termination for any reason. 

4. Delivery of Shares. 

(a) General. Subject to the provisions of Sections 4(b) and 4(c) hereof, within thirty (30) days following the vesting of the
RSUs, the Participant shall receive the number of shares of Common Stock that correspond to the number of RSUs that have become vested on the applicable vesting date; provided that the Participant shall be obligated to pay to the Company the
aggregate par value of the shares of Common Stock to be issued within ten (10) days following the issuance of such shares unless such shares have been issued by the Company from the Company’s treasury. 

(b) Blackout Periods. If the Participant is subject to any Company “blackout” policy or other trading restriction imposed by
the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or restriction
and (ii) the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is immediately prior to the expiration of two and one-half months following the date such
distribution would otherwise have been made hereunder. 
 (c) Deferrals. If permitted by the Company, the Participant may elect,
subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock
that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number
of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of 

  
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Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and
the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code. 
 5.
Dividends; Rights as Stockholder. Cash dividends on shares of Common Stock issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided
that any such dividends will be subject to the same vesting requirements as the underlying RSUs and shall be paid at the same time that the shares of Common Stock underlying the RSUs become vested and are delivered to the Participant in accordance
with the provisions hereof and provided, further, that such dividends shall be accumulated and deemed reinvested in additional shares of Common Stock based on the Fair Market Value of the Common Stock at the time of the dividend and shall be paid in
shares of Common Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock shall be credited to a dividend book
entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be subject to the same vesting requirements as the underlying RSUs and shall be paid in shares of Common
Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with
respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares. 

6. Non-Transferability. No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the
Participant, other than to the Company as a result of forfeiture of the RSUs as provided herein, unless and until payment is made in respect of vested RSUs in accordance with the provisions hereof and the Participant has become the holder of record
of the vested shares of Common Stock issuable hereunder. 
 7. Governing Law. All questions concerning the
construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Maryland, without regard to the choice of law principles thereof. 

8. Withholding of Tax. The Company shall have the power and the right to deduct or withhold, or require the
Participant to remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion,
deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the RSUs and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer any shares
of Common Stock otherwise required to be issued pursuant to this Agreement. 
 9. Legend. The Company may at any time place
legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing shares of Common Stock issued pursuant to this Agreement. The Participant shall, at the request of the Company, promptly
present to the Company any and all certificates representing shares of Common Stock acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section 9. 

  
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 10. Securities Representations. This Agreement is being entered into by the Company
in reliance upon the following express representations and warranties of the Participant. The Participant hereby acknowledges, represents and warrants that: 

(a) The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the Securities
Act and in this connection the Company is relying in part on the Participant’s representations set forth in this Section 10. 

(b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of Common Stock issuable
hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such shares of Common Stock
and the Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”). 
 (c) If the
Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant understands that (i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then
exists for the Common Stock of the Company, (B) adequate information concerning the Company is then available to the public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any
sale of the shares of Common Stock issuable hereunder may be made only in limited amounts in accordance with the terms and conditions of Rule 144 or any exemption therefrom. 

11. Entire Agreement; Amendment. This Agreement, together with the Plan, contains the entire agreement between the parties
hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The Committee shall have the right, in its sole
discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the Participant. The Company shall give
written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

12. Notices. Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed
duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the
Participant may have on file with the Company. 
 13. No Right to Employment. Any questions as to whether and when there has
been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to
terminate the Participant’s employment or service at any time, for any reason and with or without Cause. 

  
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 14. Transfer of Personal Data. The Participant authorizes, agrees and unambiguously
consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the RSUs awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan). This
authorization and consent is freely given by the Participant. 
 15. Compliance with Laws. The grant of RSUs and the issuance
of shares of Common Stock hereunder shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the
Securities Act, the Exchange Act and in each case any respective rules and regulations promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto. The Company shall not be obligated to issue the RSUs or any
shares of Common Stock pursuant to this Agreement if any such issuance would violate any such requirements. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or
appropriate to evidence compliance with any applicable law or regulation. 
 16. Binding Agreement; Assignment. This Agreement
shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express
written consent of the Company. 
 17. Headings. The titles and headings of the various sections of this Agreement have been
inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 
 18. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 

19. Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts
and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the
consummation of the transactions contemplated thereunder. 
 20. Severability. The invalidity or unenforceability of any
provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any
other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

21. Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan
at any time; (b) the Award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs
awarded hereunder) give the Participant any right to any grants or awards in the future 

  
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whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of
severance, redundancy or resignation. 
 * * * * * 

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

			
	INTERNATIONAL MARKET CENTERS, INC.
		
	By:		  

		
	Name:		  

		
	Title:		  

	
	PARTICIPANT
	
	  

		
	Name:		  

  
 7Exhibit 10.1.6

 

SIXTH AMENDMENT TO LEASE AGREEMENT 
 (AND AMENDMENT TO REIMBURSEMENT AGREEMENT)

 

THIS SIXTH AMENDMENT TO LEASE AGREEMENT (AND AMENDMENT TO REIMBURSEMENT AGREEMENT) (“this Sixth Amendment”) is dated as of April 30, 2015 (“Effective Date”), by and between ARE-708 QUINCE ORCHARD, LLC, a Delaware limited liability company, having an address at 385 E. Colorado Blvd., Suite 299, Pasadena, California 91101 (“Landlord”), and OPGEN, INC., a Delaware corporation, having an address at Suite 220, 708 Quince Orchard Road, Gaithersburg, Maryland  20878 (“Tenant”).

 

RECITALS

 

A.                                    Landlord and Tenant have entered into that certain Lease Agreement (“Original Lease”) dated as of June 30, 2008, as amended by a First Amendment to Lease dated as of April 4, 2011 (“First Amendment”), a Second Amendment to Lease Agreement dated as of August 15, 2012 (“Second Amendment”), a Third Amendment to Lease Agreement dated as of December 30, 2013 (“Third Amendment”), a Fourth Amendment to Lease Agreement dated as of March 21, 2014 (“Fourth Amendment”), and a Fifth Amendment to Lease Agreement dated as of March 20, 2015 (“Fifth Amendment”; the Original Lease, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, and the Fifth Amendment are hereinafter collectively referred to as the “Lease”), wherein Landlord leased to Tenant certain premises located at 708 Quince Orchard Road, Gaithersburg, Maryland  20878, as more particularly described in the Lease.

 

B.                                    Landlord and Tenant are parties to that certain letter agreement dated March 20, 2015 (“Reimbursement Agreement”) providing for the reimbursement of certain expenses in the event that Tenant exercises the IPO Termination Option (defined in the  Fifth Amendment).

 

C.                                    Landlord and Tenant desire to modify certain dates in the Fifth Amendment and the Reimbursement Agreement relating to (i) the delivery of the reconfigured Premises as more fully described in the Fifth Amendment and (ii) to modify the IPO Termination Date.

 

AGREEMENT

 

Now, therefore, the parties hereto agree that the Lease is amended as follows:

 

1.                                      Amendment to Section 4 of Fifth Amendment.  As of the Effective Date, Section 4 of the Fifth Amendment is hereby amended by deleting that provision in its entirety and replacing it with the following new Section 4:

 

4.              Reconfiguration of Premises.  Effective as of the earlier to occur of the substantial completion of the 2015 Landlord’s Work (as defined below) and September 1, 2015 (“Delivery Date”), (a) Tenant shall surrender the Relinquished First Floor Premises and that portion of the Original Premises located on the second floor of the Building shown as the cross-hatched area on Exhibit A-2 attached hereto as the “Relinquished Second Floor Premises” (collectively, the “Relinquished Premises”), (b) the Premises shall be reconfigured and located exclusively on the second floor of the Building in the configuration shown on Exhibit A-3 attached hereto, and (c) Exhibit A attached to the Original Lease is hereby deleted and replaced with Exhibit A-3 attached hereto.  Tenant shall so surrender full and complete possession of the Relinquished Premises to Landlord vacant, broom-clean, in good order and condition, and in accordance with the provisions of the Lease (including, but not limited to, Section 28), and thereafter the Relinquished Premises shall be free and clear of all leases, tenancies, and rights of occupancy of any entity claiming by, through, or under Tenant.

 

	

    	
Copyright   © 2012. Alexandria Real Estate Equities, Inc. ALL RIGHTS RESERVED. Confidential   and Proprietary. Do Not Copy or Distribute. Alexandria and Alexandria Logo   are registered trademarks of Alexandria Real Estate Equities, Inc.
    

 

 

2.                                      Amendment to Section 5 of Fifth Amendment.  As of the Effective Date, Section 5 of the Fifth Amendment is hereby amended by deleting that provision in its entirety and replacing it with the following new Section 5:

 

5.                    Changes to Basic Lease Provisions.

 

a.        Effective as of the Delivery Date, the following amendments are hereby made to the definitions contained in the Basic Lease Provisions:

 

(i)             The defined term “Premises” shall be deleted in its entirety and replaced with the following:

 

“Premises:                                   That portion of the Project, containing approximately 18,931 rentable square feet, as determined by Landlord, located on the second floor of the Building as shown as the cross-hatched area on Exhibit A-3 to the Fifth Amendment to Lease Agreement (“Fifth Amendment”) between Landlord and Tenant.”

 

(ii)          The defined term “Rentable Area of the Premises” shall mean approximately 18,931 rentable square feet.

 

b.              Effective as of the Second Extension Term Commencement Date, notwithstanding anything to the contrary in the Lease, the defined term “Tenant’s Share of Operating Expenses” shall mean 38.15%.

 

3.                                      Amendment to Section 6 of Fifth Amendment.  As of the Effective Date, the 3 references in Section 6 of the Fifth Amendment to “Second Extension Term Commencement Date” are hereby deleted and replaced with “Delivery Date.”

 

4.                                      Amendments to Section 45 of Lease.  As of the Effective Date, Section 45 of the Lease is hereby amended as follows:

 

4.1                               The reference to “April 30, 2015” in the first sentence of Section 45(a)(i) is hereby amended by deleting that date and replacing it with “May 7, 2015.”

 

4.2                               The reference to “May 1, 2015” in Section 45(a)(iii) is hereby amended by deleting that date and replacing it with “May 8, 2015.”

 

4.3                               The first sentence of Section 45(b) is hereby deleted in its entirety and replaced with the following new replacement sentence:

 

(b)                                 IPO Extension Option.  Notwithstanding anything to the contrary contained in this Lease, in lieu of exercising the IPO Termination Option, Tenant shall have the right (“IPO Extension Right”) to extend the Term for the period beginning May 8, 2015 to April 30, 2016 (“IPO Extension Period”) in accordance with the following terms and conditions:

 

4.4                               The phrase “During the IPO Extension Period” in the first sentence of Section 45(b)(iii) of the Lease is  hereby amended by deleting the phrase and replacing it with “During the period commencing on May 1, 2015 and ending on the expiration of the IPO Extension Period.”

 

4.5                               The last sentence of Section 45(b)(iii) is hereby deleted in its entirety and replaced with

 

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the following new sentence:

 

For the period May 1, 2015 to May 31, 2015, Tenant shall pay Base Rent and Tenant’s Share of Operating Expenses for the Relinquished Premises in amounts in effect as of April 30, 2015.

 

4.6                               The reference in Section 45(b)(iv) to “May 1, 2015” is hereby deleted and replaced with “May 8, 2015.”

 

4.7                               The reference in Section 45(b)(vii) to “May 1, 2015” is hereby deleted and replaced with “May 8, 2015.”

 

5.                                      Amendments to Reimbursement Agreement.   The reference in Section 1 of the Reimbursement Agreement to “April 30, 2015” is hereby deleted and replaced with “May 7, 2015”.

 

6.                                      Miscellaneous.

 

5.1                               Terms used in this Sixth Amendment and not otherwise defined shall have the meanings ascribed to them in the Lease.

 

5.2                               This Sixth Amendment is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions.  This Sixth Amendment may be amended only by an agreement in writing, signed by the parties hereto.

 

5.3                               This Sixth Amendment is binding upon and shall inure to the benefit of the parties hereto, their respective agents, employees, members, representatives, officers, directors, divisions, subsidiaries, affiliates, assigns, heirs, successors in interest and shareholders.

 

5.4                               This Sixth Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.  The signature page of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) thereon provided such signature page is attached to any other counterpart identical thereto except having additional signature pages executed by other parties to this Sixth Amendment attached thereto.

 

5.5                               Landlord and Tenant each represents and warrants that it has not dealt with any broker, agent or other person (collectively, “Broker”) in connection with this Sixth Amendment and that no Broker brought about this transaction, other than Scheer Partners, Inc. (“SPI”).  SPI shall be paid by Landlord pursuant to a separate agreement between Landlord and SPI.  Landlord and Tenant each hereby agree to indemnify and hold the other harmless from and against any claims by any Broker (other than SPI) claiming a commission or other form of compensation by virtue of having dealt with Tenant or Landlord, as applicable, with regard to this Sixth Amendment.

 

5.6                               Except as amended and/or modified by this Sixth Amendment, the Lease is hereby ratified and confirmed and all other terms of the Lease shall remain in full force and effect, unaltered and unchanged by this Sixth Amendment.  In the event of any conflict between the provisions of this Sixth Amendment and the provisions of the Lease, the provisions of this Sixth Amendment shall prevail.  Regardless of whether specifically amended by this Sixth Amendment, all of the terms and provisions of the Lease are hereby amended to the extent necessary to give effect to the purpose and intent of this Sixth Amendment.

 

[Signatures on Next Page]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment under seal as of the day and year first above written.

 

	
 
    	
TENANT:
    
	
 
    	
 
    
	
 
    	
OPGEN, INC.,
    
	
 
    	
a   Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Timothy C. Dec 
    	
(SEAL)
    
	
 
    	
Name:
    	
Timothy   C. Dec
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
LANDLORD:
    
	
 
    	
 
    
	
 
    	
ARE-708 QUINCE ORCHARD, LLC,
    
	
 
    	
a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
By:
    	
ARE-GP 708 Quince Orchard QRS CORP.,
    
	
 
    	
 
    	
a Maryland corporation,
    
	
 
    	
 
    	
managing member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Gary Dean  
    	
(SEAL)
    
	
 
    	
 
    	
Name: 
    	
Gary Dean
    
	
 
    	
 
    	
Title: 
    	
SVP — Real Estate Legal Affairs
    
						

 

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