Document:

exv10w1

Exhibit 10.1

ALLONGE

to

12.5% SUBORDINATED CONVERTIBLE NOTE DUE JULY 1, 2011 NO.      

dated                     , made by

BMP SUNSTONE CORPORATION

payable to the order of

                                                                      

in the original principal amount of

                                                            ($                    )

     That certain 12.5% Subordinated Convertible Note due July 1, 2011 described in the above
caption (the “Note”) is hereby amended as follows (all capitalized terms not otherwise defined
herein having the same meanings assigned to them in the Note):

     (1) On the first page of the reverse of the Note, the third paragraph shall be amended and
restated as follows:

“Notwithstanding anything to the contrary contained herein if, at any time (the
“Triggering Event”), the aggregate number of Common Shares then issued upon
conversion of the Securities (including any shares of capital stock or rights to acquire shares of capital stock issued by the Company which are aggregated or integrated with the
Common Shares issued or issuable upon conversion of the Securities for purposes of such
rule) equals 19.99% of the Outstanding Common Amount (as hereinafter defined), the
Securities (1) shall, from that time forward, cease to be convertible into Common Shares in
accordance with the terms of the prior paragraph above, unless the Company has obtained
approval (“Shareholder Approval”) of the issuance of the Common Shares upon
conversion of the Securities by a majority of the total votes cast on such proposal, in
person or by proxy, by the holders of the then outstanding Common Shares (not including (x)
any Common Shares held by present or former holders of Securities that were issued upon
conversion of Securities or (y) any shares of capital stock or rights to acquire shares of
capital stock issued by the Company that are held by present or former holders of such shares of capital stock or rights to acquire shares of capital stock which are aggregated or
integrated with the Common Shares issued or issuable upon conversion of the Securities for
purposes of Rule 4350(i) of the Nasdaq Stock Market, Inc. (“Nasdaq”)), and (2)
shall, from that time forward, be convertible into such Holder’s pro rata share of the
Maximum Share Amount (as hereinafter defined). If the Triggering Event occurs, the Company
shall promptly seek Shareholder Approval. For purposes of this paragraph, “Outstanding
Common Amount” means (i) the number of Common Shares outstanding on the date immediately
prior to the earliest date of issuance of the Securities or any shares of capital stock or
rights to acquire shares of capital stock issued by the Company which are aggregated or
integrated with the Common Shares issued or issuable upon conversion of the Securities for
purposes of such rule plus (ii) any additional shares of Common Shares issued thereafter in
respect of such shares pursuant to a stock dividend, stock split or similar event. The
maximum number of Common

 

 

Shares issuable as a result of the 19.99% limitation set forth herein is hereinafter
referred to as the “Maximum Share Amount.” With respect to each Holder of
Securities, the Maximum Share Amount shall refer to such Holder’s pro rata share thereof
based on the principal amount of Securities then held by such Holder relative to the total
aggregate principal amount of Securities then outstanding plus the value of any shares of
capital stock or rights to acquire shares of capital stock issued by the Company which are
aggregated or integrated with the Common Shares issued or issuable upon conversion of the
Securities for purposes of Rule 4350(i). In the event that the Company obtains Shareholder
Approval, the number of shares that the Securities convert into will be as set forth in the
prior paragraph (such increased number being the “New Maximum Share Amount”) and the
references to Maximum Share Amount, above, shall be deemed to be, instead, references to the
greater New Maximum Share Amount. In the event that Shareholder Approval is not obtained,
the Maximum Share Amount shall remain unchanged.”

     (2) All other terms and conditions of the Note shall remain the same. This Allonge shall not
be deemed a novation of the Note; and except as expressly amended hereby, the Note shall remain
unmodified and in full force and effect. This Allonge shall be affixed to the Note and deemed to
constitute an integral part thereof. All references to the Note shall hereafter be deemed
references to the Note as amended by this Allonge.

[Signature Page Follows.]

 

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

Dated:

	 	 	 	 	 
	 	BMP SUNSTONE CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature Page to Allonge to 12.5% Subordinated Convertible Note due July 1, 2011]exv10w2

Exhibit 10.2

FIRST SUPPLEMENTAL INDENTURE

     FIRST
SUPPLEMENTAL INDENTURE, dated as of April 15, 2009, between BMP Sunstone Corporation, a
corporation duly organized and existing under the laws of the State of Delaware (herein called the
“Company”), having its principal office at 600 W. Germantown Pike, Suite 400, Plymouth
Meeting, Pennsylvania 19462, and The Bank of New York Mellon, as trustee (herein called the
“Trustee”).

WITNESSETH

     WHEREAS, the Company heretofore executed and delivered to the Trustee (i) an Indenture dated
as of March 16, 2009 (as may be supplemented or amended from time to time by one or more additional
indentures supplemental thereto entered into pursuant to the applicable provisions thereof, being
hereinafter called the “Indenture”; all capitalized terms used herein which are not
otherwise defined herein have the meanings ascribed thereto in the Indenture), providing for the
issuance of the Company’s unsecured debentures, notes or other evidences of indebtedness (herein
called the “Securities”) and (ii) an Officer’s Certificate Pursuant to Section 3.01 of the
Indenture, dated March 16, 2009 (herein called the “Officer’s Certificate”), setting forth
the terms and forms of the series of Securities titled, “12.5% Subordinated Convertible Notes due
July 1, 2011” (the “Notes”); and

     WHEREAS, Section 9.02 of the Indenture provides that the Company and the Trustee may amend
certain provisions of the Indenture or the Securities with the consent of the Holders of the
Outstanding Securities of each series affected by such amendments by Act of said Holders delivered
to the Company and the Trustee, and such consent has been obtained; and

     WHEREAS, the Company desires to amend certain provisions of the Officer’s Certificate, as set
forth in Article I hereof; and

     WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of
the Company, in accordance with its terms, have been done;

     NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH, that, for and in consideration
of the premises, the Company agrees with the Trustee as follows:

ARTICLE I

AMENDMENTS OF INDENTURE

     Section 1.01 Effect. The amendments set forth in this Article I shall apply only in
respect of the Notes created pursuant to the Indenture and the Officer’s Certificate.

     Section 1.02 Amendments.

 

 

     (a) Subject to Section 1.01 hereof, the covenant applicable to the Notes as set forth in
Paragraph 19(b) of the Officer’s Certificate is hereby amended and restated as follows:

“Notwithstanding anything to the contrary contained herein if, at any time (the
“Triggering Event”), the aggregate number of Common Shares then issued upon
conversion of the Notes (including any shares of capital stock or rights to acquire shares of capital stock issued by the Company which are aggregated or integrated
with the Common Shares issued or issuable upon conversion of the Notes for purposes
of such rule) equals 19.99% of the Outstanding Common Amount (as hereinafter
defined), the Notes (1) shall, from that time forward, cease to be convertible into
Common Shares in accordance with the terms of Paragraph 19(a) above, unless the
Company has obtained approval (“Shareholder Approval”) of the issuance of
the Common Shares upon conversion of the Notes by a majority of the total votes cast
on such proposal, in person or by proxy, by the holders of the then outstanding
Common Shares (not including (x) any Common Shares held by present or former holders
of Notes that were issued upon conversion of Notes or (y) any shares of capital
stock or rights to acquire shares of capital stock issued by the Company that are
held by present or former holders of such shares of capital stock or rights to
acquire shares of capital stock which are aggregated or integrated with the Common
Shares issued or issuable upon conversion of the Notes for purposes of Rule 4350(i)
of the Nasdaq Stock Market, Inc. (“Nasdaq”)), and (2) shall, from that time
forward, be convertible into such Holder’s pro rata share of the Maximum Share
Amount (as hereinafter defined). If the Triggering Event occurs, the Company shall
promptly seek Shareholder Approval. For purposes of this paragraph,
“Outstanding Common Amount” means (i) the number of Common Shares
outstanding on the date immediately prior to the earliest date of issuance of the
Notes or any shares of capital stock or rights to acquire shares of capital stock
issued by the Company which are aggregated or integrated with the Common Shares
issued or issuable upon conversion of the Notes for purposes of such rule plus (ii)
any additional shares of Common Shares issued thereafter in respect of such shares
pursuant to a stock dividend, stock split or similar event. The maximum number of
Common Shares issuable as a result of the 19.99% limitation set forth herein is
hereinafter referred to as the “Maximum Share Amount.” With respect to each
Holder of Notes, the Maximum Share Amount shall refer to such Holder’s pro rata
share thereof based on the principal amount of Notes then held by such Holder
relative to the total aggregate principal amount of Notes then outstanding plus the
value of any shares of capital stock or rights to acquire shares of capital stock
issued by the Company which are aggregated or integrated with the Common Shares
issued or issuable upon conversion of the Notes for purposes of Rule 4350(i). In
the event that the Company obtains Shareholder Approval, the number of shares that
the Notes convert into will be as set forth in paragraph 19(a) above (such increased
number being the “New Maximum Share Amount”) and the references to Maximum
Share Amount, above, shall be deemed to be, instead, references to the greater New
Maximum Share Amount. In the event that Shareholder Approval is not obtained, the
Maximum Share Amount shall remain unchanged.”

2

 

     (b) Subject to Section 1.01 hereof, the covenant applicable to the Notes as set forth in the
Notes is hereby amended and restated as follows:

“Notwithstanding anything to the contrary contained herein if, at any time (the
“Triggering Event”), the aggregate number of Common Shares then issued upon
conversion of the Securities (including any shares of capital stock or rights to
acquire shares of capital stock issued by the Company which are aggregated or
integrated with the Common Shares issued or issuable upon conversion of the
Securities for purposes of such rule) equals 19.99% of the Outstanding Common Amount
(as hereinafter defined), the Securities (1) shall, from that time forward, cease to
be convertible into Common Shares in accordance with the terms of the prior
paragraph above, unless the Company has obtained approval (“Shareholder
Approval”) of the issuance of the Common Shares upon conversion of the
Securities by a majority of the total votes cast on such proposal, in person or by
proxy, by the holders of the then outstanding Common Shares (not including (x) any
Common Shares held by present or former holders of Securities that were issued upon
conversion of Securities or (y) any shares of capital stock or rights to acquire shares of capital stock issued by the Company that are held by present or former
holders of such shares of capital stock or rights to acquire shares of capital stock
which are aggregated or integrated with the Common Shares issued or issuable upon
conversion of the Securities for purposes of Rule 4350(i) of the Nasdaq Stock
Market, Inc. (“Nasdaq”)), and (2) shall, from that time forward, be
convertible into such Holder’s pro rata share of the Maximum Share Amount (as
hereinafter defined). If the Triggering Event occurs, the Company shall promptly
seek Shareholder Approval. For purposes of this paragraph, “Outstanding Common
Amount” means (i) the number of Common Shares outstanding on the date
immediately prior to the earliest date of issuance of the Securities or any shares
of capital stock or rights to acquire shares of capital stock issued by the Company
which are aggregated or integrated with the Common Shares issued or issuable upon
conversion of the Securities for purposes of such rule plus (ii) any additional shares of Common Shares issued thereafter in respect of such shares pursuant to a
stock dividend, stock split or similar event. The maximum number of Common Shares
issuable as a result of the 19.99% limitation set forth herein is hereinafter
referred to as the “Maximum Share Amount.” With respect to each Holder of
Securities, the Maximum Share Amount shall refer to such Holder’s pro rata share
thereof based on the principal amount of Securities then held by such Holder
relative to the total aggregate principal amount of Securities then outstanding plus
the value of any shares of capital stock or rights to acquire shares of capital
stock issued by the Company which are aggregated or integrated with the Common
Shares issued or issuable upon conversion of the Securities for purposes of Rule
4350(i). In the event that the Company obtains Shareholder Approval, the number of shares that the Securities convert into will be as set forth in the prior paragraph
(such increased number being the “New Maximum Share Amount”) and the
references to Maximum Share Amount, above, shall be deemed to be, instead,
references to the greater New Maximum Share Amount. In the event that Shareholder
Approval is not obtained, the Maximum Share Amount shall remain unchanged.”

3

 

     (c) An allonge, in the form of Annex A attached hereto, shall be executed and
delivered to the Holder of any Note, whether outstanding on the date hereof or issued hereafter.

ARTICLE II

MISCELLANEOUS PROVISIONS; GOVERNING LAW; ACCEPTANCE BY TRUSTEE

     Section 2.01 Instruments to be Read Together. This First Supplemental Indenture is an
indenture supplemental to and in implementation of the Indenture and the Officer’s Certificate, and
said Indenture, the Officer’s Certificate and this First Supplemental Indenture shall henceforth be
read together.

     Section 2.02 Confirmation. The Indenture as amended and supplemented by this First
Supplemental Indenture is in all respects confirmed and preserved.

     Section 2.03 Counterparts. This First Supplemental Indenture may be executed in any
number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

     Section 2.04 Effectiveness. The provisions of this First Supplemental Indenture will
take effect immediately upon its execution and delivery by the Trustee in accordance with the
provisions of Section 9.04 of the Indenture, provided that the amendments set forth in this
First Supplemental Indenture shall apply only in respect of the Notes.

     Section 2.05 Governing Law. This First Supplemental Indenture shall be construed in
accordance with and governed by the laws of the State of New York.

     Section 2.06 Acceptance by Trustee. The Trustee accepts the amendments of the
Indenture and the Officer’s Certificate effected by this First Supplemental Indenture and agrees to
execute the trusts created by the Indenture as hereby amended, but only upon the terms and
conditions set forth in the Indenture. The Trustee assumes no responsibility for the correctness
of the recitals contained herein, which shall be taken as the statements of the Company. The
Trustee makes no representation and shall have no responsibility as to the validity of this First
Supplemental Indenture or the proper authorization or the due execution hereof by the Company.

[Signature Page Follows.]

4

 

          IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed as of the day and year first above written.

	 	 	 	 	 
	 	BMP SUNSTONE CORPORATION

 	 
	 	By:  	/s/
Fred Powell	 
	 	 	Name:  	Fred Powell 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	Trustee:

THE BANK OF NEW YORK MELLON, as trustee

 	 
	 	By:  	/s/
Mary Miselis	 
	 	 	Name:  	Mary Miselis	 
	 	 	Title:  	Vice President	 
	 

[Signature Page to First Supplemental Indenture]

 

Annex A

Form of Allonge

See Attached.

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